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    To be used for the       
Capital                                 construction of the      
increase                                second plant.            


         4.2 Commitment of Future Share Issuance
             - None -





         4.3 Shareholders
                                         (Amount : In Thousand Shares)
 
   Group of   31/12/95  31/12/96  31/12/97  31/12/98  31/12/99 
 Shareholders
             Amount   Amount   Amount   Amount   Amount   
               of   %   of   %   of   %   of   %   of   % 
             Shares   Shares   Shares   Shares   Shares   
 
 Pholpipatta- 4,230 34 4,230 34 4,230 34 7,157 34 4,466 31
  naphong                                                 
  Group                                                   
 Taiwanese    2,360 19 2,388 19 2,388 19 4,649 22 4,653 22 
  Group                                                   
 Japanese     2,347 19 2,347 19 2,347 19 3,449 16 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. Prapas  Pholpipattanaphong        1,737,286          8.27
   4. Mr. Lu, Tsung - Jen                     949,681          4.52
   5. Mr. Lan, Mu - Chiou                     791,950          3.77
   6. Itochu (Thailand) Ltd.                  670,000          3.19
   7. Mrs. Suphorn  Pholpipattanaphong        588,310          2.80
   8. Mr. Phusit  Wonglorsaichol              519,792          2.48
   9. Miss Bussbong  Wonglorsaichol           512,736          2.44
  10. Mr. Ankoon  Pholpipattanaphong          504,000          2.40
             Total                         10,945,355         52.12
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