28 July 2006
Subject:To report the resolutions of the 2006 Annual General Meeting of
Shareholders
To:Managing Director
The Stock Exchange of Thailand
The Meeting of the 2006 Annual General Meeting of Shareholders of Polyplex
(Thailand) Public Company Limited (the Company) held at 10.00 a.m. on 28
July 2006, has resolved as follows:
1.That the Minutes of the 2005 Annual General Meeting of Shareholders,
dated 28 July 2005, be certified.
2.That the report on the Company's operating results be acknowledged and
the Director's Report be approved.
3.That the Company's audited balance sheet and the profit and loss statements
for the year ended 31 March 2006 which had been audited by the certified
public accountant and approved by the Board of Directors be approved.
4.That, (i) the appropriation of Baht 28.05 million as legal reserve,
(ii) the dividend payment to the Company's shareholders whose names appear
on the share register as of 10 July 2006 at 12.00 a.m. at the rate of
Baht 0.28 per share, and (iii) the dividend payment schedule by 10 August
2006 be approved.
5.That the re-appointment of Dr. Virabongsa Ramangkura, Mr. Sanjiv Saraf
and Mr. Ranjit Singh who would retire by rotation as the directors for
another term and the Audit Committee remuneration for 2006 of Baht 10,000
per person per meeting attendance be approved.
The directors who are not the members of the Audit Committee voluntarily
waive their right to receive the remuneration as the Company's directors.
6.That the appointment of Mr. Vichien Thammatrakul, Certified Public
Accountant No. 3183 or Mr. Santi Pongjareanpit, Certified Public Accountant
No. 4623 or Mr. Pisit Chiwaruangroch, Certified Public Accountant No.2803
of KPMG Phoomchai Audit Ltd. as the Company's auditors for the accounting
period ending 31 March 2007 with the remuneration of Baht 3,040,000 be approved.
7.That the minor changes in the end-use of funds raised from IPO in
December-2004 as detailed in the copy of the Letter sent to SET dated 9
August 2005 be ratified.
8.That the proposal to set up an Extrusion Coating / Lamination project in
Thailand be acknowledged.
Yours faithfully,
Polyplex (Thailand) Public Company Limited
(Mr. Manish Gupta)
Authorized Signatory