Part I

Executives Summary

The Group Lease Public Company Limited (“The Company”) established on
May 6, 1986. The Company started up business in hire purchase motor cars
in Bangkok, boundary and upcountry. Few year later the Company expanded
business in hire purchase for motorcycles, truck, macho and printing
press meanwhile expanded service to financial lease, factoring
contracts, and personal loan. In present, the hire purchase motorcycle
is the core business. On December 31, 2005, the portfolio of hire
purchase motorcycles receivables about 98.52% of all account
receivables.

In present the Company’s capital registers at Baht 225 million which was
issued and fully paid. The major shareholders are Mr. Khanchai Boonpan,
Mr. Samart Chiradamrong and Bank of Ayuthaya’s Group holding of 28.42%,
9.02%, and 8.89% respectively.

Since 2004, the core business of the company is hire purchase
motorcycles. In 2005, the market share of hire purchase motorcycles is
about 6.43% ranking at one of the big fifth in Bangkok and boundary, and
about 21% ranking at one of the big third in Ayudhya province.

The Company has run hire purchase motorcycles for more than 15 years. As
at 31^(st) December 2005, We have network of allied dealers and
distributed our checkers over one hundred places in our service area for
rapidity and accuracy approved credit with reference database, under
being a member of National Credit Bureau Company Limited (NCB) and Thai
Hire Purchase Motorcycles Association. With a membership to tow
organization, we can know client credit. That is a significant for
consideration to approve credit by rapidly and accurately, which satisfy
dealers and customers. The Company also serve the dealers and customers
about closing account inquiries which provides the Company competitive
advantage.

Due to running in hire purchase motorcycles for a long time, we have our
customer’s hire purchase database. We continuously develop modern
application such as, Hire Purchase Card (HP-Card) which contains
customer information in only one card for answering any question from
our customers to made the highest satisfy to customers. We have many
convenience channels for customers to pay installment within 24 hours
for example, Commercial Banks, Pay at Post, and Counter Service, etc. On
December 31, 2005 we have more than 43,000 accounts and historical of
customers’ database within ten years more than 300,000 items.

As at 31^(st) December 2004, The Company financial statement reports
were included Total Assets Baht 815.17 million. Total Liabilities Baht
448.53 million, Total Shareholders’ Equity Baht 366.65 million, Retained
Earnings Baht 63.65 million, Total Revenues Baht 278.93 million, Net
Profit Baht 52.92 million, Net Interest Margin 32.11% and Debt to Equity
Ratio 1.22 and Dividend Yield 42.52 percentage.

As at 31^(st) December 2005, The Company financial statement reports
were included Total Assets Baht 1,133.30 million. Total Liabilities Baht
707.00 million, Total Shareholders’ Equity Baht 426.30 million, Retained
Earnings Baht 123.29 million, Total Revenues Baht 397.56 million, Net
Profit Baht 82.15 million, Net Interest Margin 32.98% and Debt to Equity
Ratio 1.66.