7. Shareholding Structure

7.1 The Company’s Securities

As at March 31, 2009, the Company has registered capital of
8,056,923,076 baht and registered paid-up capital of 5,813,333,333 baht
divided into 5,813,333,333 shares at a par value of 1 baht per share.

7.2 Shareholders

Top 10 major shareholders according to the book closing date as at March
31, 2009 are as follows:

  ----------------------------------------------- --------------- ---------
  Name of Shareholders                            Number of       %
                                                  Shares          

  1. Mr. Keeree Kanjanapas Group*                 2,144,300,619   36.89

  2. Citigroup Global Markets Limited - Prop.     870,000,000     14.97
  Custody Account**                                               

  3. VMS Private Investment Partners II Limited   400,000,000     6.88

  4. Mr. Cheng Wan Yen                            300,000,000     5.16

  5. Tanayong Food & Beverage Co., Ltd.***        275,715,160     4.74

  6. Mr. Wanchai Panvichien                       258,300,000     4.44

  7. Miss Pornpen Wangpermpoon                    100,000,000     1.72

  8. UOB Asia Limited                             84,617,767      1.46

  9. Mr. Ka Ho Donald Man                         70,000,000      1.20

  10. Oriental Field Limited                      67,039,981      1.15
  ----------------------------------------------- --------------- ---------

Remarks

* Mr. Keeree Kanjanapas Group already includes shares held by K2J
Holding Co., Ltd. in the amount of 2,000,000,000 shares or 34.40% of
registered paid-up capital.

** The ultimate shareholder is Pacific Harbor Advisors Pte. Ltd.
(information from the Report of Acquisition or Deposition of Securities
in a Business (Form 246-2) filed on January 30, 2009).

*** Holding shares on behalf of the creditors in accordance with the
business rehabilitation plan of the Company and pending for the transfer
to the creditors.

7.3 Dividend Payment Policy

(1) Dividend Payment Policy of the Company

The Company has the policy to pay dividend at the rate of no less than
50 percent of net profit after tax in accordance with the Company’s
separated financial statements. The Company shall pay dividend in the
following fiscal year taking into consideration the cash flow from the
operation. The annual dividend payment announcement must be approved at
the Annual General Meeting of Shareholders. As for the interim dividend
payment, the Company’s Board of Directors may deem it appropriate to pay
interim dividend if the Company has sufficient profits and working
capital for business operation after the interim dividend payment. The
Board of Directors has the responsibility to inform shareholders of the
payment in the subsequent shareholders’ meeting.

The Board of Directors shall take the following factors into account
when considering dividend payment to the shareholders.

-   The Company’s performance, liquidity, current cash flow and
    financial status

-   Articles of Association and conditions regarding dividend payment as
    stated in the loan agreements, debentures, any contracts incurred
    the Company’s liabilities, including agreements or contracts that
    the Company is obliged to

-   Future business plan and investment capital requirement

-   Other factors as deemed appropriate by the Board of Directors

Moreover, the Company must comply with Public Limited Companies Act B.E.
2535 (1992), which states that the Company cannot pay dividend if the
Company retains accumulated loss, even though the Company has a net
profit in that particular year. Additionally, the Public Limited
Companies Act B.E. 2535 (1992) also states that a public company limited
is required to reserve the amount equal to 5 percent of the annual net
profit after deducted with the accumulated loss (if any) as legal
reserved fund until such legal reserved fund is equal to the amount not
less than 10 percent of the registered capital. In additional to the
legal reserved fund, the Board of Directors may consider making other
types of reserved fund as deemed appropriate.

(2) Dividend Payment Policy of Subsidiaries

For subsidiaries, the dividend payment policy takes into consideration
the potential growth of business operation, investment plan, business
expansion, conditions of loan agreements or debentures of the Company
and subsidiaries, together with future necessity and appropriateness.
The dividend payment policy is to pay dividend for no less than 50
percent of net profit after tax and legal reserved fund deduction
provided that there is no other obligation and that dividend payment
does not affect the normal business operation of that subsidiary.