4. Capital and Shareholding
         4.1 Capital
         The Company's registered capital is 210 million bahts,paid up 
of 210 million bahts, divided in to 21,000,000 common shares  and each 
with par value of 10 bahts.  The records of capital increase/reduction 
are as follows:

 Month/Year  Registered Paid Up Capital                           
     of        capital         Offered           
Registration  (million Increase After           to....           
  Paid Up      bahts   Capital  Capital         for...           
  capital              (million Increase                         
                         bahts) (million                         
                                  bahts)                         

3/11/88          50               50    Company                  
Company                                 establishers.            
establishment                                                    
27/12/91        100       50     100    Offered to then existing  
Capital                                 shareholders as loan     
increase                                repayment.               
17/11/92        125       25     125    Offered to then existing 
Capital                                 shareholders of five     
increase                                hundred thousand shares  
                                        and public of two million
                                        shares for use in        
                                        business expansion.      
8/2/94          210       85     210    After the resolution     
Capital                                 adopted by the           
increase                                Shareholders' Meeting to 
                                        change the capital       
                                        increase in form of      
                                        share offering to loan   
                                        from financial           
                                        institutions of 300      
                                        million bahts due to the 
                                        unfavourable market      
                                        conditions of Stock      
                                        Exchange of Thailand, to 
                                        be used for the          
                                        construction of the      
                                        second plant.            

         4.2 Commitment of Future Share Issuance
             - None -
         4.3 Shareholders
                                         (Amount : In Thousand Shares)
 
   Group of   31/12/94  31/12/95  31/12/96  31/12/97  31/12/98 
 Shareholders
             Amount   Amount   Amount   Amount   Amount   
               of   %   of   %   of   %   of   %   of   % 
             Shares   Shares   Shares   Shares   Shares   
 
 Pholpipatta- 3,885 31 4,230 34 4,230 34 4,230 34 7,157 34
  naphong                                                 
  Group                                                   
 Taiwanese    2,705 22 2,360 19 2,388 19 2,388 19 4,649 22
  Group                                                   
 Japanese     2,347 19 2,347 19 2,347 19 2,347 19 3,449 16
  Group                                                   
 
   The First Ten Major Shareholders     Amount of Shares   Percentages
   1. Itochu Corporation                    2,721,600         12.96
   2. Dr. Prayoon  Pholpipattanaphong       1,950,000          9.29
   3. Mr. Lu, Tsung - Jen                   1,528,022          7.28
   4. Mr. Prapas  Pholpipattanaphong        1,486,820          7.08
   5. Mr. Prayut  Pholpipattanaphong          938,866          4.47
   6. Tai Fang Foods Industry Co.,Ltd.        750,000          3.57
   7. Itochu (Thailand) Ltd.                  670,000          3.19
   8. Mrs. Suphorn  Pholpipattanaphong        588,310          2.80
   9. Mr. Angkul  Pholpipattanaphong          574,000          2.73
  10. Mr. Phusit  Wonglorsaichol              566,092          2.70
             Total                         11,773,710         56.07

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