REPORT ON ANNUAL GENERAL MEETING OF SHAREHOLDERS NO. 9/2003

April 22, 2003 Subject : Report on Resolutions of the Annual General Meeting of Shareholders No. 9/2003 To : Directors and Manager of the Stock Exchange of Thailand Whereas Sino-Thai Engineering & Construction Pubic Company Limited convened the Annual General Meeting of Shareholders No. 9/2003 between 10.00 hours - 11.00 on April 22, 2003. 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. 8/2002 held on April 23, 2002 and the Minutes of Extraordinary Meeting of Shareholders No. 2/2002 held on July 23, 2002. . 2. Approval of the Board of Directors' report on the Company's Operating Results for the year ending December 31, 2002 and the Company's Annual Report for 2002. 3. Approval of the Balance Sheet and Profit and Loss Statements for the fiscal period ended December 31, 2002. 4. Approval of the non-issue of dividend payment for 2002. 5. Acknowledgment that Mr. Chavarat Charnvirakul, Police General Sanong Wattanavrangkul, Ms. Anilrat Charnvirakul and Mr. Thanathip Vidhayasirinun are retired as directors by rotation and approval of reappointment of Mr. Chavarat Charnvirakul, Police General Sanong Wattanavrangkul and Mr. Thanathip Vidhayasirinun as directors of the Company for an additional term. 6. Approval of 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. Suphachai Panyawatthano C.P.A. License No. 3930, all of Ernst & Young Office Limited as auditors of the Company for 2003 with the auditor's remuneration of Baht 900,000 (Nine Hundred Thousand Baht). 7. Approval of fixing the Remuneration of Directors and Audit Committee for 2003 as follows: Directors' meeting fee 1. The Board of Directors - For the Chairman of the Board of directors amounting to 20,000 Baht/meeting - For each Director amounting to 10,000 Baht/meeting 2. The Audit Committee - For the Chairman of the Audit Committee amounting to 20,000 Baht/meeting - For each Audit Committee amounting to 10,000 Baht/meeting Board of Directors' Annual Remuneration 1. For the Chairman of the Board of Directors amounting to 400,000 Baht/year 2. For the Chairman of the Audit Committee amounting to 400,000 Baht/year 3. For each Director amounting to 200,000 Baht/year It is, therefore, informed for your acknowledgment and dissemination to the public and other investors. Sincerely yours, Sino-Thai Engineering & Construction Plc. ( Mr. Anutin Charnvirakul ) Managing Director