With respect to the sale of investment in ordinary shares of Paradise Park Co.,Ltd. (PDP), an associated company, to Siam Piwat Holding Co.,Ltd., another subsidiary, we represent that the price of the sale is at book value. This practice is in line to tax ruling of Revenue Department (KorKhor No.0811/04265 dated May 7, 1999, KorKhor No.0811/1751 dated March 6, 2000), which is considered to be a transfer of assets with reasonable cause according to Section 65 Bis (4) of the Revenue Code. However, we acknowledge that this is a related party transaction and this may be challenged by tax authorities that such price may not be the market value. We will take full responsibility for the risk from assessment of income tax