investment in PVD with additional choice for their retirement savings. In addition, equivalent tax benefits for PVD will apply to the transferred amount, if the specified conditions have been satisfied. The

recognized by the SEC and have been listed on the main boards of such exchanges at least for one year, they will be deemed to have been satisfied the criteria comparable to those of the SEC. The revision aims

appeal? The SEC Office reconsider- action Revoke or amend the order Administrative Court The SEC Board consideration Is the appellant satisfied? The SEC Office imposes the sanction. Administrative Panel

satisfied and the parties have fully complied with the conditions in the share purchase agreement. Aforementioned purchases were made prior to the dissemination of such inside information by Siam Commercial

business operators are able to provide services with these five elements, people should be satisfied with long-term financial planning for healthy financial status.”SEC Secretary-General, Rapee

satisfied over time, using input method, and no revised budget needed Consolidated Financial Statements Customer 20 100% Company A Company B Contract 10 MB cost 1 MB subcontract 8 MB cost 2 MB Assumption

Annual Report 2003 A N N U A L R E P O R T 2 0 0 3 S E C U R IT IE S A N D E X C H A N G E C O M M IS S IO N & O F F IC E O F T H E S E C U R IT IE S A N D E X C H A N G E C O M M IS S IO N , T H A IL A N D SECURITIES AND EXCHANGE COMMISSION, THAILAND OFFICE OF THE SECURITIES AND EXCHANGE COMMISSION, THAILAND ANNUAL REPORT 2003 SECURITIES AND EXCHANGE COMMISSION, THAILAND OFFICE OF THE SECURITIES AND EXCHANGE COMMISSION, THAILAND 10th and 13th-16th Fl. Diethelm Towers B, 93/1 Wireless Road, Lump...

delay in entering into the transaction due to the fact that various conditions precedent must be satisfied; and the risk of not receiving the refund of the security deposit of THB 45 million if the share

Audit Committee has considered the transaction and has opinion that the transaction is necessary and reasonable because the return on their investment is not satisfied and technology is very important in

business due to all transactions are taking to supporting the business operation and also the terms and conditions are satisfied. Please be informed accordingly. Sincerely yours