30 April 1998
ORLD REPORTS ON SHAREHOLDERS' RESOLUTIONS.
April 29, 1998 To : President The Stock Exchange of Thailand Re : Reports on shareholders resolutions The 1998 annual ordinary general meeting of shareholders of BEC World Plc. was held on April 29, 1998 and the following resolutions were made during the meeting: 1) Certified the minutes of the 1997 annual ordinary general meeting of shareholders. 2) Acknowledged the Board of Directors reports on the Companys operation during the year 1997. 3) Approved the balance sheet and the profit and loss statement of the Company for the year ended December 31, 1997. 4) Approved the profit appropriation and the declaration of dividend as follows: - appopriated from the annual net profit as additional legal reserve amounting to Baht 82,096,257. - appropriated as dividend for 200million ordinary shares at Baht6.00 per share which equal to 64%of the annual net profit,to shareholders as listed on the share register book as of April 9, 1998at 12:00 hours, amounting to Baht 1,200,000,000 and this dividend payment is to be made on May 20, 1998. - carry forward as unappropriated retained earnings Baht1,370,955,335 5) Re-appointed Mrs.Ratchanee Nipatkusol,Mr.Danai Sriyabhai,Mr.Arun Ngamdee, Mr.Prathan Rangsimaporn, whose tenure has justed ended,back as director of the Company for another term, and approved the remuneration of directors for the year 1998 as follows: a) Meeting allowance of Baht 8,000 per each meeting for the Chairman of the Board and Baht 4,000 per each meeting for each other directors. b) Bonus of Baht 12 million for all the directors during the year 1998, to be appropriated among them by the Board. 6) Re-appointed Dr.Virach Apimetheethamrong, Certified Public Accountant License No. 1378 and/or Mr. Chaikorn Unpitipongsa, Certified Public Accountant License No. 3196 of Dr. Virach & Associates Office, as the Companys auditor for the year 1998, and empowered executive director to negotiate with the auditor for fixing of audit fee for the year 1998 as appropriate. 7) Approved additional agenda to rectify the Companys investing 60% of issued and paid -up capital of BEC-Tero Entertainment Co., Ltd., and rectified that investment. Please be informed accordingly. Yours faithfully, (Mr. Chatchai Thiamtong) Vice President - Finance