-Translation from Thai Text-
February 16, 2006
Subject :Information on the resolutions adopted at the AGM 2006
To : President
The Stock Exchange of Thailand
Pico (Thailand) Co. Ltd. (Public) would like to inform the Stock Exchange
of Thailand ("SET") of the resolutions adopted at the Annual General
Meeting 2006 held on February 15, 2006 between 14.00-15.30 hrs. as follows:
1.Approval of the minutes of the Annual General Meeting 2005
2.Acknowledgement of Directors' Annual Report and the operating results
for the year ended 31 October 2005.
3.Approval of the balance sheets and the profit and loss account for
the accounting year ended 31 October 2005, which have been audited and
certified by the company's auditor.
4.Acknowledgement of interim dividend payment by the resolution of Boards
of Directors Meeting No.3/2005 which held on June 1, 2005 to the
shareholders whose names appear on the shareholder register book as of
June 17, 2005 at the rate of 0.14 per share baht on June 30, 2005.
Approval of final dividend payment 0.17 baht per share which would be
payable to the shareholders listed in the share register book closed of
share transfer on January 30, 2006 at 12.00 hrs. Payment was scheduled
on February 28, 2006. The total dividend for 2005 is 0.31 baht per share.
Appropriation of the profits to the legal reserve was 2,085,102.28 baht.
5.Approval of auditor and setting of remuneration. To appoint Deloitte
Touche Tohmatsu Jaiyos Co., Ltd., by Ms. Nachalee Boonyakarnkul and/or
Mr. Niti Jungnitnirundr and/or Ms. Vipavee Boonyaprasit, certified public
accountant licenses nos. 3126, 3809 and 3096 respectively, to be an
auditor of the Company for 2006 and to fix his/her remuneration at
1,694,000 Baht max a year, and if the above mentioned auditors are not
able to work, Deloitte Touche Tohmatsu Jaiyos Co., Ltd. will be required
to provide other auditors of the company to replace them.
6.Approval of election of directors to replace those who retire by
rotation and to set directors' remuneration.
6.1 Dr. Chaiyod Bunyagidj, Mr. Sern Vithespongse and Mr. Viriya Pholpoke
retired by rotation and were reelected to serve another term.
6.2 Approval of directors' remuneration to the amount not exceeding
Baht 4,400,000 per year with the allocation to be decided by the
board of directors.
7.Approval of the amendment of Article 33 of the Articles of Association,
which will be changed from "The Board of Directors must arrange the meeting
at least once in every 3 months in the place where the principal office or
a branch office of the Company is located" to the following:
"Article 33 The Board of Directors must arrange the meeting at least once
in every 3 months in the place where the principal office or a branch office
of the Company is located or at such other place as the Chairman of the
Board of Directors may think fit."
8.Other matter - None -
Please be informed accordingly.
Respectfully yours,
(Signed) - Signature -
(Mr. Pised Chungyampin)
Chief Executive Officer