10. The related transactions

Since last 3 years, there was no event of spending the income from stock
sales for any of the shared interest person; the company has the
significant trade with the related company by purchasing and sales
items. The company’s auditor gave the explanation in the Note 24 Page
32 - 34 of the financial statement on 31^(st) March 2010. The purchasing
items form the related company are those particular raw materials or
merchandise from the same production source at the great quantity to
reduce the production cost. The company received the confirmation report
from the related company about the sales of raw materials as the regular
trading business. The sales items are mostly exporting by set up the
sales price from cost fee plus the profit. Royalty fee to a related
company at the rate of 3% of sales minus the cost of importing raw
materials from that related company, and specified as the regular
trading business, details as follows:

1.  Related party transaction by way of the shareholder or common
    directors.

+-------------+-------------+-----------+-------------+--------------+
| Name of     | Related     | Related   | Transaction | The          |
| Company     | ties        | tr        | Amount and  | reasonable   |
|             |             | ansaction | Balance at  | of           |
|             |             | details   | 31 March    | transctions  |
|             |             |           | 2010        |              |
+-------------+-------------+-----------+-------------+--------------+
| 1. Stanley  | 1. Major    | 1.        | Purchased   | Specifically |
| Electric    | shareholder | P         | 354.61      | products or  |
| Co.,Ltd.    | ,           | urchasing | million     | materials    |
|             |             | in raw    | baht        | and material |
|             | holding     | materials |             | which are    |
|             | 29.95%      | , goods   | Balance     | manufactured |
|             |             | and       | 91.32       | on a large   |
|             | 2. Common   | e         | millions    | scale at one |
|             | director 1  | quipments | baht        | source for   |
|             | person      |           |             | cost saving  |
|             |             | 2.        | Sold amount | benefit.     |
|             | Mr.Katsumi  | Selling   | 38.29       |              |
|             | Kondo       | goods,    | million     | Pricing are  |
|             |             |           | baht        | charged in   |
|             |             | 3.Royalty |             | the normal   |
|             |             | Fee is    | Balance     | course of    |
|             |             | charged   | 7.91        | business and |
|             |             | at 3% of  | millions    | same         |
|             |             | sales     | baht        | practice     |
|             |             | less      |             | with the     |
|             |             | materials | Amount      | outsider.    |
|             |             | cost      | 187.95      |              |
|             |             | imported  | millions    | Specifically |
|             |             | form the  | baht        | products or  |
|             |             | related   |             | materials    |
|             |             | party in  | Amount      | and material |
|             |             | a         | 46.23       | which are    |
|             |             | ccordance | millions    | manufactured |
|             |             | with the  | baht        | on a large   |
|             |             | agreement |             | scale at one |
|             |             |           |             | source for   |
|             |             | 4.        |             | cost saving  |
|             |             | Designed  |             | benefit.     |
|             |             | and       |             |              |
|             |             | De        |             | Pricing are  |
|             |             | velopment |             | charged in   |
|             |             | Fee       |             | the normal   |
|             |             |           |             | course of    |
|             |             | is chared |             | business and |
|             |             | in case   |             | same         |
|             |             | design    |             | outsider.    |
|             |             | and       |             |              |
|             |             | de        |             | In the       |
|             |             | velopment |             | normal       |
|             |             | product   |             | course of    |
|             |             | for Thai  |             | business and |
|             |             | Stanley’s |             | same         |
|             |             | products  |             | practices in |
|             |             |           |             | Stanley      |
|             |             |           |             | Group        |
|             |             |           |             |              |
|             |             |           |             | In the       |
|             |             |           |             | normal       |
|             |             |           |             | course of    |
|             |             |           |             | business and |
|             |             |           |             | same         |
|             |             |           |             | practices in |
|             |             |           |             | Stanley      |
|             |             |           |             | Group,       |
|             |             |           |             | pricing are  |
|             |             |           |             | charged same |
|             |             |           |             | as outsider. |
+-------------+-------------+-----------+-------------+--------------+
| Name of     | Related     | Related   | Transaction | The          |
| Company     | ties        | tr        | Amount and  | reasonable   |
|             |             | ansaction | Balance at  | of           |
|             |             | details   | 31 March    | transactions |
|             |             |           | 2010        |              |
+-------------+-------------+-----------+-------------+--------------+
|             |             | 5.        | Amount 4.23 | In the       |
|             |             | Technical | millions    | normal       |
|             |             | Fee       | baht        | course of    |
|             |             |           |             | business and |
|             |             | is        | Amount      | same         |
|             |             | charged   | 19.69       | practice in  |
|             |             | for the   | million     | Stanley      |
|             |             | s         | baht        | Group        |
|             |             | pecialist |             |              |
|             |             | come for  |             | In the       |
|             |             | a         |             | normal       |
|             |             | ssistance |             | course of    |
|             |             | in        |             | business and |
|             |             | p         |             | same         |
|             |             | roduction |             | practice in  |
|             |             | technics. |             | Stanley      |
|             |             |           |             | Group        |
|             |             | 6.        |             |              |
|             |             | Training  |             |              |
|             |             | fee       |             |              |
|             |             |           |             |              |
|             |             | is        |             |              |
|             |             | charged   |             |              |
|             |             | for send  |             |              |
|             |             | Thai      |             |              |
|             |             | Stanley ‘ |             |              |
|             |             | employee  |             |              |
|             |             | to        |             |              |
|             |             | training  |             |              |
|             |             | and       |             |              |
|             |             | practice. |             |              |
+-------------+-------------+-----------+-------------+--------------+
|             |             | 7.        | Amount 2.16 | In the       |
|             |             | C         | millions    | normal       |
|             |             | ommission | baht        | course of    |
|             |             |           |             | business and |
|             |             | is        |             | same         |
|             |             | charged   |             | practice in  |
|             |             | for an    |             | Stanley      |
|             |             | agent to  |             |              |
|             |             | connected |             | Group        |
|             |             | with      |             |              |
|             |             | customers |             |              |
+-------------+-------------+-----------+-------------+--------------+
| 2 .Lao      | 1. Thai     | 1.        | Sold amount | Specifically |
| Stanley     | Stanley     | Selling   | 57.23       | products     |
| Co.,Ltd.    | holding 50% | goods,    | millions    |              |
|             |             |           | baht        | Pricing are  |
|             | 2. Common   |           |             | charged in   |
|             | Director 2  |           | Balance     | the normal   |
|             | persons     |           | 9.67        | course of    |
|             |             |           | millions    | business and |
|             |   -         |           | baht        | same         |
|             |             |           |             | practice     |
|             | Mr.Apichart |           |             | with the     |
|             |             |           |             | outsider.    |
|             |   Lee       |           |             |              |
|             | issaranukul |           |             |              |
|             |             |           |             |              |
|             |   -         |           |             |              |
|             |             |           |             |              |
|             | Mr.Hiroyuki |           |             |              |
|             |   Nakano    |           |             |              |
+-------------+-------------+-----------+-------------+--------------+
| 3. Vietnam  | 1. Common   | 1.        | Purchased   | Specifically |
| Stanley     | major       | P         | amount      | products     |
| Electric    | s           | urchasing | 13.37       |              |
| Co.,Ltd.    | hareholders | goods     | millions    | Pricing are  |
|             | as Stanley  |           | baht        | charged in   |
|             | Electric    | 2.        |             | the normal   |
|             | Co.,Ltd.    | Selling   | Balance     | course of    |
|             | Holding 50% | goods     | 2.98        | business and |
|             |             |           | millions    | same         |
|             | 2. Common   |           | baht        | practice     |
|             | director 1  |           |             | with         |
|             | persons as  |           | Sold amount | outsider.    |
|             |             |           | 71.36       |              |
|             | -           |           | millions    | Specifically |
|             | Mr.Apichart |           | baht        | products     |
|             |             |           |             |              |
|             | Lee         |           | Balance     | Pricing are  |
|             | issaranukul |           | 9.75        | charged in   |
|             |             |           | millions    | the normal   |
|             | 3. Thai     |           | baht        | course of    |
|             | Stanley     |           |             | business and |
|             | holding     |           |             | same         |
|             | share 20%   |           |             | practice     |
|             |             |           |             | with the     |
|             |             |           |             | outsider.    |
+-------------+-------------+-----------+-------------+--------------+
| 4.Asian     | 1.  common  | 1.        | Purchased   | Specifically |
| Stanley     |     major   | P         | amount      | products     |
| In          |             | urchasing | 100.24      |              |
| ternational | shareholder | raw       | millions    | Pricing are  |
| Co.,Ltd     |             | material  | baht        | charged in   |
|             | as Stanley  |           |             | the normal   |
|             | Electric    | 2.        | Balance     | course of    |
|             | Co.,Ltd.    | Selling   | 11.34       | business and |
|             |             | goods     | millions    | same         |
|             | Holding     |           | baht        | practice     |
|             | 67.5%       |           |             | with the     |
|             |             |           | Sold amount | outsider.    |
|             | 2.  Common  |           | 1.65        |              |
|             |             |           | millions    | Pricing are  |
|             |    Director |           | baht        | charged in   |
|             |     3       |           |             | the normal   |
|             |     persons |           | Balance     | course of    |
|             |             |           | 0.33        | business and |
|             | -           |           | millions    | same         |
|             | Mr.Apichart |           | baht        | practice     |
|             | Lee         |           |             | with the     |
|             | issaranukul |           |             | outsider.    |
|             |             |           |             |              |
|             | - Mr.Toru   |           |             |              |
|             | Tanabe      |           |             |              |
|             |             |           |             |              |
|             | -           |           |             |              |
|             | Mr.Katsumi  |           |             |              |
|             | Kondo       |           |             |              |
|             |             |           |             |              |
|             | 3. Thai     |           |             |              |
|             | Stanley     |           |             |              |
|             | holding 15% |           |             |              |
|             |             |           |             |              |
|             | 4. Holding  |           |             |              |
|             | Thai        |           |             |              |
|             | Stanley     |           |             |              |
|             | 0.44%       |           |             |              |
+-------------+-------------+-----------+-------------+--------------+
| Name of     | Related     | Related   | Transaction | The          |
| Company     | ties        | tr        | Amount and  | reasonable   |
|             |             | ansaction | Balance at  | of           |
|             |             | details   | 31 March    | transctions  |
|             |             |           | 2010        |              |
+-------------+-------------+-----------+-------------+--------------+
| 5.          | 1. Common   | 1.        | Purchased   | Specifically |
| P           | major       | P         | amount 0.32 | products     |
| T.Indonesia | shareholder | urchasing | millions    |              |
| Stanley     | as Stanley  | raw       | baht        | Pricing are  |
| Electric    | Electric    | material  |             | charged in   |
|             | Co.,Ltd.    |           | Balance     | the normal   |
|             | Hoding 60 % | 2.        | 0.08        | course of    |
|             |             | Selling   | millions    | business and |
|             | 2. Common   | goods,    | baht        | same         |
|             | director 2  |           |             | outsider.    |
|             | person as   |           | Sold amount |              |
|             |             |           | 386.71      | Pricing are  |
|             | -           |           | millions    | charged in   |
|             | Mr.Hiroyuki |           | baht        | the normal   |
|             | Nakano      |           |             | course of    |
|             |             |           | Balance     | business and |
|             | -           |           | 46.82       | same         |
|             | Mr.Apichart |           | millions    | practice     |
|             | Lee         |           | baht        | with the     |
|             | issaranukul |           |             | outsider.    |
|             |             |           |             |              |
|             | 3. Thai     |           |             |              |
|             | Stanley     |           |             |              |
|             | holding 10% |           |             |              |
+-------------+-------------+-----------+-------------+--------------+
| 6. Stanley  | 1. Common   | 1.        | Purchased   | Specifically |
| Electric    | major       | P         | amount 0.55 | products     |
| Engineering | shareholder | urchasing | millions    |              |
| India PVT   | as Stanley  | raw       | baht        | Pricing are  |
| Ltd.        | Electric    | material  |             | charged in   |
|             | Co.,Ltd.    |           | Balance -   | the normal   |
|             | Holding 90  |           |             | course of    |
|             | %           |           |             | business and |
|             |             |           |             | same         |
|             | 2. Common   |           |             | practice     |
|             | director 1  |           |             | with the     |
|             | person as   |           |             | outsider.    |
|             |             |           |             |              |
|             | -           |           |             |              |
|             | Mr.Masahiro |           |             |              |
|             |             |           |             |              |
|             | Nakamura    |           |             |              |
|             |             |           |             |              |
|             | 3.Thai      |           |             |              |
|             | Stanley     |           |             |              |
|             | holding 10% |           |             |              |
+-------------+-------------+-----------+-------------+--------------+
| 7. Sirivit  | 1.  Thai    | 1.        | Purchased   | Specifically |
| Stanley     |     Stanley | P         | amount      | products     |
| Co.Ltd.     |     holding | urchasing | 188.34      |              |
|             |     15%     | raw       | millions    | Pricing are  |
|             |             | material  | baht        | charged in   |
|             | 2.  Common  |           |             | the normal   |
|             |             | 2.        | Balance     | course of    |
|             |    director | Selling   | 22.16       | business and |
|             |     3       | raw       | millions    | same         |
|             |     persons | material  | baht        | outsider.    |
|             |     as      |           |             |              |
|             |             |           | Sold amount | Pricing are  |
|             |     -   -   |           | 77.06       | charged in   |
|             | Mr.Hiroyuki |           | millions    | the normal   |
|             |             |           | baht        | course of    |
|             |      Nakano |           |             | business and |
|             |             |           | Balance     | same         |
|             |     -   -   |           | 11.19       | outsider.    |
|             | Mr.Apichart |           | millions    |              |
|             |             |           | baht        |              |
|             |     -   Lee |           |             |              |
|             | issaranukul |           |             |              |
|             |             |           |             |              |
|             |     -   -   |           |             |              |
|             | Mr.Masahiro |           |             |              |
|             |             |           |             |              |
|             |    Nakamura |           |             |              |
+-------------+-------------+-----------+-------------+--------------+
| 8. Top      | 1.  1.Thai  | 1.        | Purchased   | Pricing are  |
| Hightech    |     Stanley | P         | amount 0.55 | charged in   |
| Co.,Ltd.    |     holding | urchasing | millions    | the normal   |
|             |     13.9%   | raw       | baht        | course of    |
|             |             | material  |             | business and |
|             | 2.  2.      |           | Balance     | same         |
|             |     Common  |           | 0.07        | practice     |
|             |             |           | millions    | with the     |
|             |    director |           | baht        | outsider.    |
|             |     1       |           |             |              |
|             |     person  |           |             |              |
|             |     as      |           |             |              |
|             |             |           |             |              |
|             | 3.  -       |           |             |              |
|             |             |           |             |              |
|             | Mr.Hiroyuki |           |             |              |
|             |     Nakano  |           |             |              |
+-------------+-------------+-----------+-------------+--------------+
| 9. Sum      | 1. Thai     | Hire for  | Hire amount | Pricing are  |
| Hitech      | Stanley     | surface   | 108.35      | charged in   |
| Co.,Ltd.    | holding 15% | of        | millions    | the normal   |
|             |             | injection | baht        | course of    |
|             | 2. Common   | plastic   |             | business and |
|             | director 1  | part      | Balance     | same         |
|             | person as   |           | 14.43       | practice     |
|             |             |           | millions    | with the     |
|             | -           |           | baht        | outsider.    |
|             | Mr.Hiroyuki |           |             |              |
|             | Nakano      |           |             |              |
+-------------+-------------+-----------+-------------+--------------+
| Name of     | Related     | Related   | Transaction | The          |
| Company     | ties        | tr        | Amount and  | reasonable   |
|             |             | ansaction | Balance at  | of           |
|             |             | details   | 31 March    | transctions  |
|             |             |           | 2010        |              |
+-------------+-------------+-----------+-------------+--------------+
| 10. Inoue   | 1.Thai      | 1.        | Purchased   | Pricing are  |
| Rubber      | Stanley     | P         | amount      | charged in   |
| (Thailand)  | holding     | urchasing | 39.65       | the normal   |
| Public      | 0.02%       | raw       | millions    | course of    |
| Company     |             | material  | baht        | business and |
| Limited     | 2.Common    |           |             | same         |
|             | director 4  |           | Balance     | practice     |
|             | person as   |           | 4.37        | with the     |
|             |             |           | millions    | outsider.    |
|             | -           |           | baht        |              |
|             | Mr.Apichart |           |             |              |
|             |             |           |             |              |
|             | Lee         |           |             |              |
|             | issaranukul |           |             |              |
|             |             |           |             |              |
|             | -           |           |             |              |
|             | Mr.Thanong  |           |             |              |
|             |             |           |             |              |
|             | Lee         |           |             |              |
|             | issaranukul |           |             |              |
|             |             |           |             |              |
|             | -           |           |             |              |
|             | Mrs.Pimjai  |           |             |              |
|             | Laochinda   |           |             |              |
|             |             |           |             |              |
|             | -           |           |             |              |
|             | M           |           |             |              |
|             | rs.Pornthip |           |             |              |
|             | Sethiwan    |           |             |              |
+-------------+-------------+-----------+-------------+--------------+
| 11. The     | 1.The       | 1.        | Sold amount | Pricing are  |
| Sittipol    | s           | Selling   | 104.87      | charged in   |
| 1919        | hareholders | goods,    | millions    | the normal   |
| Co.,Ltd.    | holding     |           | baht        | course of    |
|             |             |           |             | business and |
|             | 3.34%       |           | Balance     | same         |
|             |             |           | 29.14       | practice     |
|             | 2.Common    |           | millions    | with the     |
|             | director 3  |           | baht        | outsider.    |
|             | persons     |           |             |              |
|             |             |           |             |              |
|             | as          |           |             |              |
|             |             |           |             |              |
|             | -           |           |             |              |
|             | Mr.Thanong  |           |             |              |
|             |             |           |             |              |
|             | Lee         |           |             |              |
|             | issaranukul |           |             |              |
|             |             |           |             |              |
|             | -           |           |             |              |
|             | M           |           |             |              |
|             | rs.Pornthip |           |             |              |
|             | Sethiwan    |           |             |              |
|             |             |           |             |              |
|             | -           |           |             |              |
|             | Mrs.Porndee |           |             |              |
|             |             |           |             |              |
|             | Lee         |           |             |              |
|             | issaranukul |           |             |              |
+-------------+-------------+-----------+-------------+--------------+
| 12. Lumax   | 1.Thai      | 1.        | Purchased   | Pricing are  |
| Industries  | Stanley     | P         | amount -    | charged in   |
| Co.,Ltd.    | holding     | urchasing | millions    | the normal   |
|             | 1.73%       | goods     | baht        | course of    |
|             |             |           |             | business and |
|             | 2. Common   | 1.        | Balance -   | same         |
|             | major       | Selling   | millions    | practice     |
|             | shareholder | goods,    | baht        | with the     |
|             | as Stanley  |           |             | outsider.    |
|             | Electric    |           | Sold amount |              |
|             | Co.,Ltd.    |           | 4.56        | Pricing are  |
|             | Holding     |           | millions    | charged in   |
|             | 26.31 %     |           | baht        | the normal   |
|             |             |           |             | course of    |
|             |             |           | Balance     | business and |
|             |             |           | 0.68        | same         |
|             |             |           | millions    | practice     |
|             |             |           | baht        | with the     |
|             |             |           |             | outsider     |
+-------------+-------------+-----------+-------------+--------------+
| 13. Total   | 1. Common   | 1.        | Purchased   | Pricing are  |
| Oild        | director 2  | P         | amount 0.01 | charged in   |
| (Thailand)  | person as   | urchasing | millions    | the normal   |
| Co.,Ltd.    |             | goods     | baht        | course of    |
|             | -           |           |             | business and |
|             | Mr.Apichart |           | Balance -   | same         |
|             |             |           |             | practice     |
|             | Lee         |           |             | with the     |
|             | issaranukul |           |             | outsider.    |
|             |             |           |             |              |
|             | -           |           |             |              |
|             | Mr.Thanong  |           |             |              |
|             |             |           |             |              |
|             | Lee         |           |             |              |
|             | issaranukul |           |             |              |
+-------------+-------------+-----------+-------------+--------------+
| 14. Sojitz  | 1. Common   | 1.        | Purchased   | Pricing are  |
| (Thailand)  | director 1  | P         | amount      | charged in   |
| Co.,Ltd.    | person as   | urchasing | 286.96      | the normal   |
|             |             | Material  | millions    | course of    |
|             | - Mr.Kiat   |           | baht        | business and |
|             | Shinno      |           |             | same         |
|             |             |           | Balance     | practice     |
|             |             |           | 39.38       | with the     |
|             |             |           | millions    | outsider.    |
|             |             |           | baht        |              |
+-------------+-------------+-----------+-------------+--------------+

2. Transaction with the company whose Stanley Electric Co.,Ltd. Is the
major shareholders , the transaction are purchasing and selling in raw
material or goods that are specific materials which are manufactured on
a large scale at one source for cost saving benefit. Pricing are charged
in the normal course of business and same practice with the outsiders,
details as follows :

The approval for the related transactions

In Year 2009 , the related transactions was the normal course of
business and same practice with the outsider , such as price comparison
, selling price is determined based on manufacturing cost plus a certain
margin. The related transaction controlling by the management director.

Policy or Trend towards Potential the related transaction

The related transaction to be continued, because of the raw material or
goods are specifically and used only in Stanley Group. The selling price
is determined base on manufacturing cost plus a certain margin, that the
normal course of business. Whatever these transaction are belong to The
Purchasing and Selling products and assets policy , that announcement
since year 2004 and for others transaction will consideration belong to
The rule of The Stock Exchange of Thailand.

The related transaction Report from Audit Committee

The Audit Committee considered the related transaction in year 2009,
that have transaction may cause conflict of interest , that transaction
with related parties company and normal course of business.