7. Joint Interest Persons and Interrelated Items
         The Company leases the spaces of Head Office from Dr. Prayoon
Pholpipattanaphong, Chairman, at the office No. 149/34, floor 3-4, Soi 
Anglo  Plaza, Surawongse  Road,  Kwaeng  Suriyawongse,  Khet  Bangrak, 
Bangkok, in  the  area  of 100  square  meters, the  monthly rental of
40,000 bahts and the lease period of year by year basis.
         The Company domestically distributes the products through its
distributor,P.P. Foods Supply Co.,Ltd.,of which the Executive are held
by  the  Company's  shareholders  with the sale volume in 1998 of 17.9
million  bahts out of  the total  domestic  sale value of 23.7 million 
bahts.
         A portion  of  the  overseas  distribution of the products is 
done through  its  distributor,  Itochu Corporation,  which is a major 
shareholder  of  the  Company  with  the  sale  value in 1998 of 167.3 
million bahts out of the total export value of 1,044.5 million bahts.
         The  Company  pursues the policy to fix the products' selling
prices to the  related  companies at the same market prices offered to 
third persons. The office rental is fixed equal to the market price or 
lower.
8. Risky Factors
         Since  the raw materials for the manufacture are agricultural 
products, the  Company's  raw materials may be affected by the natural 
disasters and unpredictable weather.
9. Other Factors Possibly Affecting Investment Decision
         9.1 Legal Disputes
             - None -
         9.2 Dividend Payment Policy
         The  Company  has  a  policy  to pay the dividend 60 % of net 
profit.   But  if  the  company  shall  be  required to expand further 
investment  then  the  company  will  consider  to pay the dividend as
appropriated. 
                        Dividend Payment Records

Year   Rate      Amount of SharesEx-dividend DatesDividend Payment
    (bahts/share) (in millions)                       Dates       

1993    2.50            12.5      April  5, 1994   April 22, 1994 
1994    3.00            12.5      April 17, 1995   May    4, 1995 
1995    2.00            12.5      April  5, 1996   May   24, 1996 
1996    1.00            12.5      May    7, 1997   May   28, 1997 
1997    1.00            12.5      May    8, 1998   May   28, 1998 
1998    4.00            21.0      May   10, 1999   May   27, 1999 


   Items       Units     1993  1994  1995  1996   1997   1998  

Net Profit  in thourand 51,66559,27452,97132,589(44,525)375,652
               bahts                                           
Amount of   in thousand 12,50012,50012,50012,500 12,500  21,000
  shares       shares                                          
Par Value   bahts/share  10.00 10.00 10.00 10.00  10.00   10.00
Profit per  bahts/share   4.13  4.74  4.24  2.61  (3.56)  26.99
  share                                                        
Book value  bahts/share  21.03 23.27 24.51 25.11  20.55   50.66
Dividends   in thousand 31,25037,50025,00012,500 12,500  84,000
               bahts                                           
Dividends   bahts/share   2.50  3.00  2.00  1.00   1.00    4.00
Payout           %       60.49 63.27 47.20 38.36    -     22.36
  ratio                                                        

         9.3 Other Factors
             The uncertainity of exchange rate may affect the financial
status and operating result of the company.
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