29 April 2004
Reports on shareholders' resolutions
April 28, 2004
To: President
The Stock Exchange of Thailand
Re: Reports on shareholders' resolutions
The 2004 Annual Ordinary General Meeting of the
Shareholders of BEC World Plc. was held this afternoon and the
following resolutions were made during the meeting:
1. Certified the minutes of the Extraordinary Meeting of Shareholders
No. 1/2003.
2. Acknowledged the Board of Directors' reports on the Company's
operation during the year 2003.
3. Approved the balance sheet and the profit and loss statement of
the Company for the year ended December 31, 2004.
4. Approved the profit appropriation for the year 2003 and the
declaration of dividend as follows:
- appropriated as dividend for 2,000 million ordinary shares at
Baht 0.20 per share, payable to shareholders as listed on the
share register book as of April 8, 2004 at 12:00 hours,
amounting to Baht 400,000,000 and this dividend payment is to
be made on May 26, 2004. The annual dividend when combined with
the interim dividends paid during the year 2003 will be totally
Baht 2,400,000,000.
- carry forward as unappropriated retained earnings Baht
610,032,777.
5. Re-elected Mr.Arun Ngamdee, Mr.Prathan Rangsimaporn, Mr.Manit
Boonprakob and Mrs.Ratchanee Nipatakusol whose tenure has just
ended, back as director of the Company for another term, and
approved the remuneration of directors for the year 2004 at the
same as last year's as follows:
1.) Meeting allowance
- allowance for each meeting of the Board of Directors.
Baht 8,000 for the Chairman of the Board and
Baht 4,000 for each other directors.
- allowance for each meeting of the Audit Committee.
Baht 4,000 for each member of the Audit Committee.
2.) Remuneration of Baht 12 million for all the directors
during the year 2004, to be appropriated among them
by the Board.
6. Re-appointed Dr.Virach Apimetheethamrong and/or Mr.Chaikorn
Aunpitipongsa of Dr.Virach & Associates Office, as the Company's
auditor for the year 2004, and fixing audit fee for the year 2004
for the group at the amount of Baht 3,972,000 which the Company's
part is Baht 980,000.
Please be informed accordingly.
Yours faithfully,
(Mr. Chatchai Thiamtong)
Vice President - Finance