To report the resolutions of the Board of Directors' Meeting No. 4/2010

31 August 2010

To : Managing Director The Stock Exchange of Thailand

Subject : To report the resolutions of the Board of Directors' Meeting No. 4/2010

The Meeting of the Board of Directors of Polyplex (Thailand) Public Company Limited (the Company) No.4/2010 held at 10.30 am on 31st August 2010 has resolved as follows:

1. That the proposal to buy new land in the vicinity of the existing factory of the company at Siam Eastern Industrial Park, aggregating to 35 Rai, 2 Nang, 66 Sq. Wah, at a purchase price of Baht 92.7 million be approved. The land is intended to be used for future expansion projects of the company. The purchase of land is considered as acquisition of asset. After having calculated by using the highest calculation base i.e. the total value of consideration (Bt 92.7 million) divided by the value of total assets ( Bt 8,654 million), the size of transaction is lower than 15%.

 

Yours faithfully,
Polyplex (Thailand) Public Company Limited

 

Ms. Supritha Pai Kasturi
Authorized signatory

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