Report on Resolutions of the AGM No. 10/2004

ST. 010/2004/0028 April 27th, 2004 Subject :Report on Resolutions of the Annual General Meeting of Shareholders No. 10/2004 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. 10/2004 between 15.15 - 16.10 hours on April 27, 2004. 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. 9/2003 held on April 22, 2003 and the Minutes of Extraordinary Meeting of Shareholders No. 1/2003 held on October 1, 2003. 2.Approval of the Report on the Company's Operating Results for the year ending December 31, 2003 and the Company's Annual Report for 2003. 3.Approval of the Balance Sheet and Profit and Loss Statements for the fiscal period ending December 31, 2003. 4.Approval of the appropriation of profit and declaration of dividends payment for 2003 at the rate of Baht 0.30 (Thirty Satang) per share to the Company's shareholders. The payment date will be on May 26, 2004. 5.Approval of the appointment of new directors in place of those retiring by rotation and to appoint an additional new director of the Company as follows: (a)Approval of the re-appointment of the directors who retired by rotation at the Annual General Meeting of Shareholders namely: Mrs. Tassanee Charnvirakul, Mr. Chamni Janchai, Police Major General Jate Mongkolhutthi and Dr. Chaiyaphon Horrungruang as the Company's directors for an additional term; (b)Approval of the re-appointment of Mr. Chamni Janchai, Police Major General Jate Mongkolhutthi and Dr. Chaiyaphon Horrungruang as the Audit Committee for an additional term; (c)Approval of the appointment of Dr. Chumphol Pornprapa as additional new director of the Company. 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 Panyawattano C.P.A. License No. 3930, all of Ernst & Young Office Limited as auditors of the Company for 2004 with the auditors' remuneration of Baht 1,080,000 (One Million and Eighty Thousand Baht). 7.Approval of the fixing of the Remuneration of Directors and Audit Committee for 2004 as follows: Directors' meeting fee 1. The Board of Directors - For the Chairman of the Board of Directorsamounting to20,000Baht/meeting - For each Directoramounting to10,000Baht/meeting 2. The Audit Committee - For the Chairman of the Audit Committeeamounting to20,000Baht/meeting - For each Audit Committeeamounting to10,000Baht/meeting Board of Directors' Annual Remuneration 1. For the Chairman of the Board of Directorsamounting to400,000Baht/year 2. For the Chairman of the Audit Committeeamounting to400,000Baht/year 3. For each Directoramounting to200,000Baht/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) President