22 มิถุนายน 2542

ENCLOSURE3

Enclosure (3) Details of the amendment of Articles of Association "ARTICLE 9/1 The foreigners may hold the Company's shares in excess of 39 (thirty nine) percent of total issued shares of the Compoany in any of the following ways and conditions: (1) Subscription of newly issued shares which are offered for sale to specific investors not more than 35 persons in every twelve month period and/or to any 17 institutional investors specified in Clause 2 of the Notification of the Securities Exchange Commission : Re Rules Conditions and Procedure for Applying for and Granting Permission to Offer Newly-Issued Shares for Sale dated 18 May 1999 including any amendments and substitues thereto and/or as the result of the conversion of convertible debentures or the exercise of rights attached to warrants which have been issued and offered for sale in whole or in part by the Company to the foreigners, provided however that such shareholding will not cause the foreign shareholding to exceed 49 (forty nine ) percent of total issued shares. (2) Other than (1) above, at any time when the foreign shareholding of the Company exceed 39 (thirty nine) percent of the total issued shares as a result of the issuance of shares to the foreigner pursuant to (1) above, foreigners may hold newly issued shares of the Company in any of the following way. subscription for newly-issued shares by exercising rights as an existing shareholder; dividend payment in the form of shares. transfer of shares from foreign shareholders Provided however that the shareholding pursuant to the above will not increase the percentage of foreign shareholding of the Company at such time and not cause the foreign shareholding of the Company to exceed 49 (forty nine) percent of the total issued shares".