5. The Operating Assets

5.  Property, Plant and Equipment

  Objective: For business operations of the Company and its subsidiaries
  as at December 31, 2009

  []

  The Company and its subsidiaries are the owner of all assets, a
  portion of subsidiaries’ construction thereon and machinery as
  discussed above is mortgaged as collateral for long-term loans from
  financial institution amounted to Baht 197 million.

5.  The Company and its company carry on the business of real property

  -N/A-

5.  Intangible asset

    []

  The Company and its subsidiaries have trademarks, concessions for
  shale and limestone mining in Kaengkhoi and Cholermprakiet, Saraburi,
  limestone mining and plant license for aggregate in Uthong,
  Suphanburi, and Gypsum mining in Nongbue, Nakornsawan.

5.4 The Policy on investment in Subsidiary and Associated Companies

  The Company’s business operation policy is to emphasize on its core
  business, i.e. cement manufacturing and distribution. Formation any
  associated company or investment in any subsidiary will be made only
  when it is in line with this policy. Generally, the Company’s equity
  interest in a subsidiary is 100%, except in the case of a joint
  venture company which would depend on the agreement with the joint
  venture partner(s). With respect to the management, the Company would
  normally have its representatives in the Board of Directors of the
  subsidiary and associated company.

  The Company’s equity interest and control in the existing subsidiary
  and associated companies are as follows:

  ------------------------------------------------------------------------------
  Company                         Relation / %   Number of       Participation
                                  of             Directors       in policy
                                  shareholding   representing    setting
                                                 the             
                                                 Company/Total   
                                                 of Directors    
  ------------------------------- -------------- --------------- ---------------
  Siam City Concrete Company      Subsidiary /   4/5             Yes
  Limited                         99.99                          

  Conwood Company Limited         Subsidiary /   5/5             Yes
                                  99.99                          

  Eagle Cement Holdings Company   Subsidiary /   4/4             Yes
  Limited                         99.99                          

  Lanna Resources Public Company  Associated /   2/13            No
  Limited                         44.99                          

  Khmer Cement Industry Company   Subsidiary /   2/3             Yes
  Limited*                        75.00                          
  ------------------------------------------------------------------------------

  Remark: * According to the joint venture agreement, Khmer Cement
  Industry Company Limited (herein after called “KCI”) was incorporated
  under the law of Cambodia. KCI commenced its operation on 1 April
  2005. However, at the time of its incorporation and until 31 December
  2009, the registered capital was equivalent to USD 405,000. The
  capital will be increased from time to time when the business of the
  company requires. The Company holds 75 percent interest or equal to
  USD 303,750.