REPORT ON RESOLUTIONS MADE AT THE BOD MEETING NO.2/2002

Our Ref : ST/2002/0103 March 7, 2002 Subject : Report on Resolutions of the Board of Directors Meeting No. 2/2002 To : The President The Stock Exchange of Thailand Whereas the Board of Directors of Sino-Thai Engineering & Construction Public Company Limited convened the Board of Directors Meeting No. 2/2002 during 10.15 hours to 11.30 hours on March 7, 2002. The Company would like to report the resolutions adopted at the said meeting as follows: 1. Approval of the Board of Directors' report on the Company's Operating Results for the year ending December 31, 2001 and to propose the same to the Annual General Meeting of Shareholders for consideration. 2. Approval of the Balance Sheet and Profit and Loss Statement for the fiscal period ending December 31, 2001 and to propose the same to the Annual General Meeting of Shareholders for approval. 3. Approval of the non-issue of year end dividends for 2001 and submitting the matter to the Annual General Meeting of Shareholders for approval. 4. Acknowledgment that Thanpuying Niramol Suriyasat, Mr. Chumpol Phornprapha, Mr. Anutin Charnvirakul, Mr. Vallop Rungkijvorasathien, Mr. Masthawin Charnvirakul and Mr. Waraphant Chontong will retire as directors by rotation at the Annual General Meeting of Shareholders and to propose that the shareholders consider reappointing the persons named above as directors of the Company for an additional term. 5. The appointment of Mr. Narong Puntawong C.P.A. License No. 3315 and/or Mr. Ruth Chaowanagawi C.P.A. License No. 3247 and/or Mr. Sophon Permsirivallop C.P.A. License No. 3182 all of Ernst & Young Office Limited as auditors of the Company for 2002 and the remuneration of the auditor will be submitted to the shareholders for consideration. 6. Proposal that the shareholders meeting consider fixing the remuneration of the Board of Directors and Audit Committee for year 2002. 7. Convening the Annual General Meeting of Shareholders No. 8/2002 and to close the Company's share register book as follows: 7.1 The Annual General Meeting of Shareholders No. 8/2002 will be convened at 10.00 hours on April 23, 2002, at the Company's conference room No. 32/57 Sino-Thai Tower, 27th Floor, Sukhumvit 21 Road (Soi Asoke), Kwaeng Klongtoey Nua, Khet Wattana, Bangkok. The matters to be transacted at the meeting are:- (1) To approve the Minutes of the Annual General Meeting of Shareholders No. 7/2001 and the Extraordinary Meeting of Shareholders No. 1/2002; (2) To approve the Board of Directors' report on the Company's Operating Results for the year ending as of December 31, 2001 and the Annual Report for 2001; (3) To consider the Balance Sheet and Profit and Loss Statements for the fiscal period ending December 31, 2001; (4) To consider the appropriation of profit and declaration of dividend payment; (5) To consider the appointment of new directors in place of those retiring by rotation; (6) To consider the appointment of the Company's Auditor for 2002 and fixing of the auditor's remuneration; (7) To consider approval of the Remuneration of Directors and Audit Committee for 2002; (8) Other business (if any). 7.2 To determine which shareholders are eligible to attend the shareholders meeting, the Company will close the Share Register Book on April 3, 2002 at 12.00 hours until the meeting is adjourned. It's, therefore, informed for your acknowledgment and dissemination to the public and other investors. Yours sincerely, (Mr. Anutin Charnvirakul) President