REPORT ON ANNUAL GENERAL MEETING OF SHAREHOLDERS NO. 8/2002

ST/2002/0196 April 23, 2002 Subject : Report on Resolutions of the Annual General Meeting of Shareholders No. 8/2002 To : Directors and Manager of the Stock Exchange of Thailand Whereas the Sino-Thai Engineering & Construction Public Company Limited convened the Annual General Meeting of Shareholders No. 8/2002 during 10.30 hours -11.00 hours on April 23, 2002. The Company would like to report the resolutions adopted at the said meeting as follows: 1. Approval of the minutes of Annual General Meeting of Shareholders No. 7/2001 and the minutes of Extraordinary Meeting of Shareholders No. 1/2002. 2. Approval of the Board of Directors' report on the Company's Operating Results for the year ending December 31, 2001 and the Company's Annual Report for 2001. 3. Approval of the Balance Sheet and Profit and Loss Statements for the fiscal period ended December 31, 2001. 4. Approval of the non-issue of dividend payment for 2001. 5. Reappointment of Mr. Anutin Charnvirakul, Mr. Vallop Rungkijvorasathien, Mr. Masthawin Charnvirakul and Mr. Waraphant Chontong as directors of the Company for another term. 6. 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 with the auditor's remuneration of Baht 800,000 (Eight Hundred Thousand Baht). 7. Approval of the Remuneration of Directors and Audit Committee for 2002 as follows: 1. Board of Directors' Annual Remuneration amounting to not more than 3,000,000 Baht/year 2. Board of Directors meeting fee 2.1 For the Chairmanamounting to 20,000 Baht/meeting 2.2 For each Director amounting to 10,000 Baht/meeting 3. Audit Committee meeting fee 3.1 For the Chairman of Audit Committee amounting to 20,000 Baht/meeting 3.2 For each Audit Committeeamounting to 10,000 Baht/meeting 8. Approval of the amendment of Clause 4 of the Company's Memorandum of Association as follows: Clause 4. The Registered Capital : 1,020,000,000Baht (One Thousand and Twenty Million Baht) Divided into : 102,000,000 Shares (One Hundred and Two Million Shares) Par Value per share : 10 Baht (Ten Baht) Ordinary Share : 98,000,000 Shares (Ninety-eight Million Shares) Preferred Share : 4,000,000 Shares (Four Million Shares) It's, therefore, informed for your acknowledgment and dissemination to the public and other investors. Sincerely yours, Sino-Thai Engineering & Construction Pcl. (Mr. Anutin Charnvirakul) President G2-E-agm02