REPORT ON THE RESOLUTIONS OFANNUAL ORDINARY MEETING 5/2541

29th April, 1998 Subject : Report on the Resolutions of the Annual Ordinary Meeting Of Shareholders No. 5/1998 To : Directors and Manager of the Securities Exchangeof Thailand Whereas the Board of Directors of Sino-Thai Engineering & Construction PLC convened the Annual Ordinary Meeting of Shareholders No. 5/1998 during 15.30 hours - 16.00 hours on April 29,1998 he Company would like to report the resolution adopted at the said meeting as follows : 1. Approved the Board of Directors report on the Companys Operating Results for the year ending December 31, 1997 and the relinquishment of the declaration of year end dividends for 1997 due to the loss incurred by the Company last year. 2. Re-appointed Mr.Kierte Eiamsakulrat, Mr.Chumpol Phornprapha and Mr.Masthawin Charnvirakul as directors for another term. 3. Approved the Balance Sheet and Profit and Loss Statement for the fiscal period ending 31 st December 1997. 4. Appointed Mr.Supot Singhasaneh, C.P.A. License No.2826 and/or Mr. Nirand Lelamathwat, C.P.A. License No. 2316 of KPMG Peat Marwick & Suthee as auditor of the Company for 1998 with their remuneration not exceeding Baht 590,000 5. Approved the remuneration of the Board of Directors for 1998 as follows - Bath 20,000 per meeting to be paid to the Chairman - Bath 10,000 per meeting to be paid to each director Please be advised accordingly and disclose to the public and investors. Yours sincerely, Sino-Thai Engineering & Construction PLC ( Mr.Vallop Rungkijvorasathien) Director