:: Annual Report 2011 ::

ļİE ıCļ ĻķĴĽļıķN

+:* :!#+8 Q:#ā beed ANNĽAĴ ĺEĸķĺļ b`aa A DV A NCE D ı NĮ ķ ĺĵ A ļ ı ķN ļ E Cİ Nķ ĴķįŁ ĸ ĽĪĴı C C ķ ĵ ĸA N Ł Ĵı ĵ ı ļE D

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Delivering solutions that create value

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Sustainability

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Delivering customer value

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Delivering shareholder value

AIT

High 50.25

Low 49.50

3 YEARS

75 50 25

APR

JUL OCT

2010

APR

JUL OCT

2011

APR

JUL OCT

2012

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Contents Significant Events in 2011 Financial Highlights Board of Directors Organization Chart Message from the Chairman of the Board of Directors and the President Report of the Audit Committee Details of the Company’s Board of Directors and Management Directors and Management Shareholding Report of Year 2011 General Information about the Company Details about the Company’s Securities General Information on the Company and its Subsidiaries Dividend Policy Shareholding of the Company Major Shareholders Our Business Getting to know the Business of Advanced Information Technology Public Company Limited Overall Business Operations Revenue Structure of Advanced Information Technology Public Company Limited Business Objectives/Mission/Vision Nature of Business Operations Industry and Competition Risk Analysis Management Structure Internal Control Financial Information Related Party Transactions Board of Directors’ Responsibility for Financial Reporting Report of Independent Auditor Balance Sheets Management’s Discussion and Analysis Corporate Social Responsibilities Good Coporate Governance Employees’ Ethics Respect of Human Rights and Fair Labor Treatment Environmental Care Environmental and Social Report Relationship with Investors

Page 6 7 8 9 10 12 14 23 24 24 25 25 25 26 27 27 29 31 31 32 34 37 40 50 52 52 54 55 56 86 100 100 109 110 111 112 115

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Significant Events in 2011 ä ļŐō ōŠōŚŋőśőŖŏ ŗŎ ŜŐō ĿŉŚŚŉŖŜś ĩıļųĿa ŉŖŌ ĭĻķĸ ŮĩıļųĿĩů śŉş ŜŐō ŘŝŚŋŐŉśőŖŏ ŗŎ aŲc`fŲfa` ŗŚŌőŖŉŚš śŐŉŚōś őŖ ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŴŲ Ltd. This resulted in an additional value in the Company ŚōŏőśŜōŚōŌ ŋŉŘőŜŉŔ ŗŎ ŉŖ ŉŚŗŝŖŌ fŲeccŲ`e` ĪŉŐŜ ä ļŐō īŗŕŘŉŖš ŗŎŎőŋőŉŔŔš ŗŘōŖōŌ ŉ ļŚŉőŖőŖŏ īōŖŜōŚŴ The AIT Training Center is staffed by qualified and well ōŠŘōŚőōŖŋōŌ īőśŋŗ īōŚŜőŎőōŌ ĻšśŜōŕś ıŖśŜŚŝŋŜŗŚś ŮīīĻıů

ä Ŀō ŕŝśŜ ŉŔśŗ ŐōŉŚŜőŔš ŋŗŖŏŚŉŜŝŔŉŜō ĵŚŴ ĻőŚőŘŗŖŏ ķŗŖŜŗŚŖŘŉŖŲ ŜŐō ĸŚōśőŌōŖŜ ŉŖŌ īĭķ ŗŎ ŗŝŚ īŗŕŘŉŖšŲ ŎŗŚ ŊōőŖŏ ŎŗŚ ŜŐō śōŋŗŖŌ ŜőŕōŲ ŉ ŖŗŕőŖōō ŎŗŚ ŜŐō ÜĪōśŜ īĭķ Award’ at the SET Awards of 2011. He was first nominated for this award in 2009. In 2011 there were seven CEO’s nominated for the final round on 22 December 2011 at the ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌ ĪŝőŔŌőŖŏŴ ĵŚ ĻőŚőŘŗŖŏ ķŗŖŜŗŚŖŘŉŖ received an Outstanding CEO Award at the SET Ceremony.

ä ļŐō Company has now been selected as a finalist in the Forbes Asia Magazine ‘200 Best under a Billion ĩşŉŚŌÝ ŎŗŚ Ŝşŗ ŋŗŖśōŋŝŜőŞō šōŉŚśŴ ļŗ řŝŉŔőŎšŲ ŋŗŕŘŉŖőōś must have an annual revenue of between USD 5 million and ĽĻĬ aŲ``` ŕőŔŔőŗŖŴ ıŖ ŗŚŌōŚ Ŝŗ ŕŉœō ŜŐō ŔőśŜ ŗŎ ŎőŖŉŔőśŜśŲ ŉŔŔ ĩśőŉŖ companies are screened against their earnings and sales ŏŚŗşŜŐŲ ŜŗŏōŜŐōŚ şőŜŐ ŜŐōőŚ ŚōŜŝŚŖś ŗŖ ōřŝőŜš ŗŞōŚ ŊŗŜŐ ŜŐō past 12 months and past 3 years. ĩś ŉ ĮőŖŉŔőśŜŲ ĵŚŴ ĻőŚőŘŗŖŏ ķŗŖŜŗŚŖŘŉŖ ŜŐō ĸŚōśőŌōŖŜ and CEO of our Company was invited to celebrate our win őŖ ŜŐőś ŋŉŜōŏŗŚš ŉŜ ŜŐō ŉşŉŚŌś ŋōŚōŕŗŖš ŉŜ įŚŉŖŌ ĪŉŔŔŚŗŗŕŲ ŜŐō ĮŗŝŚ ĻōŉśŗŖś İŗŜōŔŲ İŗŖŏ ĳŗŖŏŲ ŗŖ ĶŗŞōŕŊōŚ a`Ų b`aaŴ

ä ķŖ ĩŘŚőŔ acŲ b`aaŲ ŐŉŞőŖŏ śōōŖ ŉ śőŏŖőŎőŋŉŖŜ ŘŗŜōŖŜőŉŔ ŎŗŚ ŜŐōőŚ śŗŔŝŜőŗŖś őŖ ļŐŉőŔŉŖŌŲ ĩıļ śőŏŖōŌ ŉ ŕŝŜŝŉŔ ŊŝśőŖōśś ŉŔŔőŉŖŋō ŌőśŜŚőŊŝŜőŗŖ ŉŏŚōōŕōŖŜ şőŜŐ ĩŔŋŉŜōŔųĴŝŋōŖŜ ŮļŐŉőŔŉŖŌů īŗŴ ĴŜŌŴ Ŝŗ Ŋōŋŗŕō ŉ ŌőśŜŚőŊŝŜŗŚ ŗŎ ŜŐō ĩŔŋŉŜōŔųĴŝŋōŖŜ őŖŜōŏŚŉŜōŌ ŋŗŕŕŝŖőŋŉŜőŗŖ śŗŔŝŜőŗŖśŴ ĩŔŋŉŜōŔųĴŝŋōŖŜ őś ŉ ŔŉŚŏō French company which provides integrated communication solutions to service providers around the world.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Financial Highlights Total Revenues

Net Profit

Unit : million Baht 5,000

dŲhbcŴig

500

dŲefeŴca cŲhgfŴea

4,000

Unit : million Baht

300

2,000

200

1,000

100 2554

2553

2552

379.14

400

3,000

438.93 305.36

2554

2553

2552 Unit : million Baht

Seperate Financial Statements 2011 Financial Results ļŗŜŉŔ ĩśśōŜś ļŗŜŉŔ ĴőŉŊőŔőŜőōś ļŗŜŉŔ ĻŐŉŚōŐŗŔŌōŚÝś ĭřŝőŜš ļŗŜŉŔ ĺōŞōŖŝōś ļŗŜŉŔ ĭŠŘōŖśōś Net Profit Īŉśőŋ ĭŉŚŖőŖŏ ŘōŚ śŐŉŚō ŮĪŉŐŜů ĬőŔŝŜōŌ ĭŉŚŖőŖŏ ŘōŚ śŐŉŚō ŮĪŉŐŜů ļŗŜŉŔ ĶŝŕŊōŚ ŗŎ ĭŕŘŔŗšōōś ŮŘōŚśŗŖśů ļŗŜŉŔ ĶŝŕŊōŚ ŗŎ ĻŐŉŚōś ŉŜ caśŜ ĬōŋōŕŊōŚ Financial Ratios ĴőřŝőŌőŜš ĺŉŜőŗ Ůļőŕōśů įŚŗśś ĸŚŗŎőŜ ĵŉŚŏőŖ ĺŉőŜŗ Ůūů ĶōŜ ĸŚŗŎőŜ ĵŉŚŏőŖ Ůūů ĬōŊŜ Ŝŗ ĭřŝőŜš ĺŉŜőŗ Ůļőŕōśů

2010

2009

(Restated)

bŲgcaŴec aŲcdcŴei aŲchgŴie dŲhbcŴig dŲaf`Ŵhf 438.93 fŴeg fŴdc bga fgŲdibŲdgb

bŲcibŴe` aŲaf`Ŵed aŲbcaŴif dŲefeŴca dŲ`ccŴc` 379.14 eŴig eŴfi bea ffŲaheŲhfb

aŲiddŴbf iciŴc` aŲ``dŴif cŲhgfŴea cŲddiŴid 305.36 eŴ`g dŴie bdf f`Ųfi`Ųbfe

aŴif bcŴhe iŴa` `Ŵig

bŴ`b b`Ŵi` hŴc` `Ŵid

bŴ`` bcŴ`h gŴhh `Ŵic

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä The Board of Directors

Mr. Thana Chaiprasit

Mr. Siripong Oontornpan

Mr. Chokechai Tanpoonsinthana

Mr. Pongtep Polanun

Chairman of the Board

Independent Director Chairman of the Audit Committee

Vice Chairman of the Board Independent Director Member of the Audit Committee

Mr. Sripop Sarasas

Independent Director Member of the Audit Committee

Mr. Suraporn Raktaprachit

ĵŚŴ ĳőŒŒŉ ĴŉŗŊŗŗŖŋŐŉő

Mr. Chatchai Yenbamroong

ĵŚŴ ĳőŜŜőśŉœ ĻŗŘŋŐŗœŋŐŉő

Mr. Pisak Charudilaka

Mr. Chodiwat Duntanasarn

ĵŚŴ ľŗŚŉŞőŜ ĿŉŜŜŉŖŉœŝŔŒŉŚŝś

Director

President Director

Independent Director

Director

Company Secretary

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Organization Chart The Board of Directors The Nomination and Remuneration Committee

The Audit Committee

The Executive Committee

Mr.Voravit Wattanakuljarus

Senior Vice President –Company Secretary

Mr.Kijja Laoboonchai

President

Mr.Suraporn Raktaprachit

Executive Senior Vice President Sales and Marketing

Mr.Chumkiat Laoseriwatanakul

Mr.Siripong Oontornpan

Executive Senior Vice President - Service

Executive Senior Vice President – Corporate Affairs

Mr.Asawin Kangvolkij Executive Senior Vice President Finance and Corporate strategy

Mr.Putti Dhanrongsirivadh

Customer Service Department

Mr.Ong-ard Harntaweesompone

Mr. Supat Dulyakupt

Mr.Ralf Hundertmark/ Mr.Kriengkrai Nissyan

Senior Vice President Telecom Sales

Senior Vice President Technical Support

Senior Vice President Business Development

Mr.Chodiwat Duntanasarn

Mr.Kittipan Gannigatananon

Ms.Sureerat Prachayanukul

Senior Vice President Marketing

Senior Vice President Sales Department

Mr.Narachet Chattratitiphan

Mr.Somchai Vipupinyo

Mrs.Netnapit Oontornpan

Senior Vice President AT&AS

Senior Vice President Customer Service

Senior Vice President Project Management

Senior Vice President Financial Controller

Investor Relations Department

Senior Vice President Government Sales

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS AND THE PRESIDENT Dear Shareholders, ıŖ ŜŐō ŋŗŕőŖŏ šōŉŚ ŗŎ bàbŲ ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌŲ ĩıļŲ şőŔŔ ŋōŔōŊŚŉŜō őŜś b`th Anniversary and we think it is fair to say that we have seen considerable business growth for AIT over the past two decades. ĬŝŚőŖŏ ŗŝŚ ŎőŚśŜ ŌōŋŉŌōŲ şō şōŚō ŕŗśŜŔš ŎŗŋŝśōŌ ŗŖ ŏŚŗşőŖŏ ŜŐō ŋŗŕŘŉŖš Ŝŗ ŉ śőŢō ŜŐŉŜ ŉŔŔŗşōŌ ŝś Ŝŗ śŝŋŋōōŌ őŖ ŗŝŚ ŞőśőŗŖ Ŝŗ ŐŉŞō ĩıļ ŔőśŜōŌ ŗŖ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌŴ ĶŉŜŝŚŉŔŔšŲ ŜŐőś ŔőśŜőŖŏ ŘŗśőŜőŞōŔš őŕŘŉŋŜōŌ ŗŖ ŜŐō ŘōŚŎŗŚŕŉŖŋō ŗŎ AIT and in our second decade we saw the Company continue to flourish and grow further in our core competencies of ICT solution provisioning and systems integration. ıŖ bàaŲ ļŐŉőŔŉŖŌ şŉś ŐőŜ Ŋš ŉ ŌōŞŉśŜŉŜőŖŏ ŎŔŗŗŌ şŐőŋŐ ŚōśŝŔŜōŌ őŖ ŜŐō Ŕŗśś ŗŎ ŔőŞōś ŉŖŌ ŔőŞōŔőŐŗŗŌśŲ ŉŖŌ şŐőŋŐ ŊŚŗŝŏŐŜ ŋŗŖśőŌōŚŉŊŔō ŐŉŚŌśŐőŘ Ŝŗ ŕŉŖš ŘōŗŘŔō ŉŖŌ ŕŉŖš ŊŝśőŖōśśōśŴ ĭŞōŖ ŜŐŗŝŏŐ ŗŝŚ ŋŗŚŘŗŚŉŜō ŐōŉŌřŝŉŚŜōŚś şōŚō śŘŉŚōŌŲ many of our customers and employees were sadly affected; our sincere thoughts and best wishes are with them and their families at this time. ĮŚŗŕ ŉ ŊŝśőŖōśś ŘōŚśŘōŋŜőŞō ŎŗŚ ĩıļŲ ŜŐō ŎŔŗŗŌ ŌőśŉśŜōŚ ŉŔśŗ ŝŔŜőŕŉŜōŔš ŚōśŝŔŜōŌ őŖ ŕŉŖš ŘŚŗŒōŋŜ ŌōŔŉšśŴ ĩŌŌőŜőŗŖŉŔŔš many new contract awards were deferred and some running projects were either not able to be completed on time and őŖ śŗŕō ŋŉśōś ŐŉŌ Ŝŗ Ŋō ŘŗśŜŘŗŖōŌŴ ĬōśŘőŜō ŜŐőś ŐŗşōŞōŚŲ ĩıļ śŜőŔŔ ŕŉŖŉŏōŌ Ŝŗ Ŋō ŞōŚš ŖōŉŚŔš ŗŖ ŜŉŚŏōŜ őŖ bàa Ú ŉŖŌ şőŜŐ ŜŗŜŉŔ ŚōŘŗŚŜōŌ ŚōŞōŖŝōś ŗŎ dŲhbcŴig ŕőŔŔőŗŖ ĪŉŐŜ ŜŐőś ŚōŘŚōśōŖŜōŌ eŴfgū őŖŋŚōŉśō ŗŞōŚ bà` ŚōŞōŖŝōśŴ bàa ŉŔśŗ ŚōŋŗŏŖőŢōŌ ŉ ŖōŜ ŘŚŗŎőŜ ŗŎ śŗŕō dchŴic ŕőŔŔőŗŖ ĪŉŐŜŲ şŐőŋŐ ŚōŔŉŜōś Ŝŗ ŉŖ őŖŋŚōŉśō ŗŎ ŖōŉŚŔš aeŴggū ŗŞōŚ ŗŝŚ bà` ŖōŜ ŘŚŗŎőŜŴ ıŖ ĻōŘŜōŕŊōŚŲ bàaŲ ĩıļ şŉś ŉŋŋŗŚŌōŌ ŜŐō ŐŗŖŗŚ ŗŎ ŗŖŋō ŉŏŉőŖ ŊōőŖŏ śōŔōŋŜōŌ ŎŗŚ ŜŐō ßĩśőŉŖ ĮŗŚŊōś b`` ĪōśŜ ĽŖŌōŚųĩųĪőŔŔőŗŖà ŔőśŜŴ ļŐőś ŉşŉŚŌ Ŋš ŜŐō ĮŗŚŊōś ĵŉŏŉŢőŖō ŚōŋŗŏŖőŢōś ŋŗŕŘŉŖőōś şőŜŐ ŚōŞōŖŝōś ŝŖŌōŚ a ĪőŔŔőŗŖ ĽĻĬ ŎŗŚ outstanding performance and management AIT has now received that prestigious award for its second consecutive year.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Mr. Thana Chaiprasit

Mr. Siripong Oontornpan

Chairman of the Board of Directors

President

ĿŐőŔśŜ ŜŐō ıŖŎŗŚŕŉŜőŗŖ ŉŖŌ ļōŔōŋŗŕŕŝŖőŋŉŜőŗŖ ļōŋŐŖŗŔŗŏš Ůıīļů śōŋŜŗŚ őŖ ļŐŉőŔŉŖŌ őś śŜőŔŔ ŏŚŗşőŖŏ ŉŜ ŉ ŎŉśŜ ŚŉŜōŲ ŜŐōŚō őś ŉ śŜŚŗŖŏ ŉŖŌ ŋŗŖŜőŖŝőŖŏ ŜŚōŖŌ ŜŗşŉŚŌś ŎŝŚŜŐōŚ ŏŔŗŊŉŔőŢŉŜőŗŖŲ ŋŗŖŞōŚŏōŖŋō ŉŖŌ ŜŚŉŖśŎŗŚŕŉŜőŗŖ ŗŎ ōŋŗŖŗŕőōś and businesses. The ASEAN ICT Masterplan 2015 acknowledges that ICT is a key driver in economic and social ŜŚŉŖśŎŗŚŕŉŜőŗŖŴ ĵŗŚō ŉŖŌ ŕŗŚō ŌŗŕōśŜőŋ ĩĻĭĩĶ ŋŗŕŘŉŖőōś ŉŚō ōŖŜōŚőŖŏ ŜŐō ŚōŏőŗŖŉŔ ŕŉŚœōŜŲ ŉŖŌ ŉ ŕŝŔŜőŜŝŌō ŗŎ ŏŔŗŊŉŔ ŘŔŉšōŚś ŐŉŞō śŜŚŗŖŏ ŚōŏőŗŖŉŔ ŐōŉŌřŝŉŚŜōŚś ŉŖŌ ŕŉŖŝŎŉŋŜŝŚőŖŏ Ŋŉśōś ŔŗŋŉŜōŌ őŖ ĩĻĭĩĶŲ ŉŖŌ ŉŔŔ ŗŎ şŐőŋŐ ŉŚō ŖōōŌōŌ Ŝŗ support a market of countless businesses and the over 500 million people who call ASEAN their home. ıŖ ŕōōŜőŖŏś şőŜŐ ŗŝŚ ŏŔŗŊŉŔ ŜōŋŐŖŗŔŗŏš ŘŉŚŜŖōŚś ŉŖŌ ŗŜŐōŚ ŔŗŋŉŔ ŊŝśőŖōśśōś őŖ ŜŐō ŚōŏőŗŖŲ ŐŉŞō ŚōśŝŔŜōŌ őŖ ŗŝŚ ŋŔōŉŚ ŝŖŌōŚśŜŉŖŌőŖŏ ŜŐŉŜ ŜŐōŚō ŋŗŖŜőŖŝōś Ŝŗ Ŋō ŉ ŏŚŗşőŖŏ ŌōŕŉŖŌ ŎŗŚ ŚōŏőŗŖŉŔ ıīļ śŗŔŝŜőŗŖ ŘŚŗŞőŌōŚś śŝŋŐ ŉś ĩıļŲ ŉŖŌ ŜŐŉŜ b`ab will be the year in which we further prepare ourselves to become a strong player in the regional ASEAN markets. Ŀō ŐŉŞō ŋŉŚōŎŝŔŔš ŉŖŌ ŌŝŔš ŉŖŉŔšŢōŌ ŗŝŚ ŗŘŜőŗŖś ŎŗŚ ŏŚŗşŜŐŲ ŉŔŔ şőŜŐ ŜŐō ŉőŕ Ŝŗ ŎŝŚŜŐōŚ śŝśŜŉőŖ ŗŝŚ ŋŗŕŕőŜŕōŖŜ Ŝŗ ŜŐō business of AIT and to deliver on our promises to our shareholders and stakeholders alike; and based on our good corporate ŏŗŞōŚŖŉŖŋō ŘŗŔőŋőōśŲ şō şőŔŔ ŋŗŖŜőŖŝō Ŝŗ ŏŚŗş ŉŖŌ ŕŉŖŉŏō ŜŐō ŊŝśőŖōśś ŗŎ ĩıļ őŖ ŉŖ ōŜŐőŋŉŔ ŉŖŌ ŘŚŗŎōśśőŗŖŉŔ ŕŉŖŖōŚŴ ķŖ ŊōŐŉŔŎ ŗŎ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŲ ŜŐō ŕŉŖŉŏōŕōŖŜ ŉŖŌ ŉŔŔ śŜŉŎŎ ŕōŕŊōŚś ŗŎ ĩıļŲ şō şŗŝŔŌ Ŕőœō Ŝŗ ōŠŘŚōśś ŗŝŚ śőŖŋōŚō ŏŚŉŜőŜŝŌō ŎŗŚ ŜŐō ŜŚŝśŜŲ ŋŗŖŎőŌōŖŋō ŉŖŌ śŝŘŘŗŚŜ şō ŐŉŞō ŚōŋōőŞōŌ ŎŚŗŕ šŗŝŲ ŗŝŚ śŐŉŚōŐŗŔŌōŚśŲ őŖŞōśŜŗŚśŲ ŎőŖŉŖŋőŉŔ őŖśŜőŜŝŜőŗŖśŲ śŜŚŉŜōŏőŋ ŘŉŚŜŖōŚś ŉŖŌ ŋŝśŜŗŕōŚś őŖ ŜŐőś ŘŉśŜ šōŉŚ ŉŖŌ ŜŐŚŗŝŏŐŗŝŜ ŜŐō ŘŉśŜ Ŝşŗ ŌōŋŉŌōśŲ ŉŖŌ şō ŜŚŝŔš ŐŗŘō ŜŐŉŜ šŗŝ şőŔŔ ŒŗőŖ ŝś Ŝŗŗ ŉś şō ŕŗŞō ŎŗŚşŉŚŌ őŖŜŗ ŜŐō ŖōŠŜ ōŠŋőŜőŖŏ ŉŖŌ śŝŋŋōśśŎŝŔ ŌōŋŉŌōś ŗŎ ŗŝŚ ŏŚŗşŜŐŴ

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Report of the Audit Committee Dear Shareholders, The Audit Committee performs its duties and responsibilities within the authority assigned it by the Board of Directors. ļŐō ŚŗŔō ŗŎ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō őś Ŝŗ ŗŞōŚśōō ŜŐō ŗŘōŚŉŜőŗŖś ŗŎ ŜŐō īŗŕŘŉŖš őŖ ŗŚŌōŚ Ŝŗ ōŖśŝŚō ŜŐŉŜ ŜŐō ōŠōŋŝŜőŞōś ŉŖŌ Board members perform their duties as approved by the Company shareholders responsibly and with honesty and integrity; and to manage the affairs of the Company at all times in accordance with its agreed and approved policies. ıŖ b`aaŲ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō ŐŉŌ ŉ ŜŗŜŉŔ śőŠ ŕōōŜőŖŏśŴ ķŎ ŜŐōśōŲ ŗŖō ŕōōŜőŖŏ şŉś ŐōŔŌ şőŜŐ ŜŐō ŉŝŌőŜŗŚ ŊŝŜ şőŜŐŗŝŜ ŜŐō īŗŕŘŉŖš ŚōŘŚōśōŖŜŉŜőŞōś ŉŜŜōŖŌőŖŏŴ ĩŖŗŜŐōŚ ŎŗŝŚ ŕōōŜőŖŏś şōŚō ŐōŔŌ şőŜŐ ŜŐō ŋŗŕŘŉŖš ōŠōŋŝŜőŞōśŲ ŉŝŌőŜŗŚś ŉŖŌ őŖŜōŚŖŉŔ auditors attending as appropriate. The Audit committee had one further meeting with those Company officers at the level of vice president and senior vice president; this meeting was held in order to monitor the progress of operations as discussed ŉŖŌ śŝŏŏōśŜōŌ Ŋš ŊŗŜŐ ŜŐō őŖŜōŚŖŉŔ ŉŖŌ ōŠŜōŚŖŉŔ ŉŝŌőŜŗŚśŴ

The principle activities of the Audit Committee in 2011 are summarized as follows: 1. To review the quarterly and annual financial statements prior to presenting to the Board of Directors. This done in order to ensure that the financial statement are: prepared in accordance with all legal requirements and accounting standards as per the generally accepted accounting principles; that the accounting and financial systems are accurate and reliable; and that the disclosure of the financial statements is adequate and on time for the benefit of all investors or other ŝśōŚś ŗŎ ŜŐō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśŴ ĿŐōŚō ŖōŋōśśŉŚšŲ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō śŗŝŏŐŜ ŋŔŉŚőŎőŋŉŜőŗŖ ŉŖŌ ōŠŘŔŉŖŉŜőŗŖ ŎŚŗŕ ŜŐō management and auditors to ensure: the accuracy and completeness of the financial statements; the adequacy of disclosure; that events after the balance sheet release date where checked; and finally it checked any accounting adjustments which could affect the financial statements. 2. To review and evaluate the Company’s internal control system.The Audit Committee has reviewed and commented on the audit report of 2011 conducted by the internal auditors through the internal audit with regards to the calculation ŉŖŌ ŘŉšŕōŖŜ śšśŜōŕś ŎŗŚĢ ŋŗŕŕőśśőŗŖśģ īŗśŜ ŗŎ ĻŉŔōś śšśŜōŕśģ ŊŝŌŏōŜ ŕŉŖŉŏōŕōŖŜ śšśŜōŕśģ ōŠŘōŖśōśģ ŜŐō ŊōŎŗŚōųŉŖŌų ŉŎŜōŚ śŉŔōś śšśŜōŕśģ ŜŐō ĩŋŋŗŝŖŜś ĺōŋōőŞŉŊŔō ŋŗŖŜŚŗŔ śšśŜōŕ ŉŖŌ ŜŐō ĿőŜŐŐŗŔŌőŖŏ ļŉŠ śšśŜōŕśŴ ļŐō ĩŝŌőŜ īŗŕŕőŜŜōō őś ŗŎ ŗŘőŖőŗŖ ŜŐŉŜ ŜŐō īŗŕŘŉŖš Őŉś ŉŋŋōŘŜŉŊŔōŲ ŉŌōřŝŉŜō ŉŖŌ śŝőŜŉŊŔō őŖŜōŚŖŉŔ ŋŗŖŜŚŗŔś ŋŚőŜōŚőŉ őŖ ŘŔŉŋōŴ ļŐō ĩŝŌőŜ īŗŕŕőŜŜōō ŋŗŖŎőŚŕś ŜŐŉŜ ŜŐō īŗŕŘŉŖš őŖ b``cŲ ōśŜŉŊŔőśŐōŌ ŉ ĺőśœ ĻŝŊųīŗŕŕőŜŜōōŲ şŐőŋŐ ŚōŘŗŚŜś Ŝŗ ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōōŲ őŖ order to manage and mitigate all project risks before implementing any projects. Project risk management is considered most crucial to ensuring the Company’s financial performance.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Mr. Chokechai Tanpoonsinthana Chairman of the Audit Committee

3. The Audit Committee had a meeting with Company officers at the level of Vice President and Senior Vice President őŖ ŗŚŌōŚ Ŝŗ ŕŗŖőŜŗŚ ŉŖŌ ŚōŞőōş ŜŐō ŘŚŗŏŚōśś ŗŎ ŗŘōŚŉŜőŗŖś ŉś śŝŏŏōśŜōŌ Ŋš ŊŗŜŐ őŖŜōŚŖŉŔ ŉŖŌ ōŠŜōŚŖŉŔ ŉŝŌőŜŗŚŴ dŴ ĩŜ ōŉŋŐ ŕōōŜőŖŏ ŐōŔŌŲ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō Őŉś ŉŜ ŉŔŔ Ŝőŕōś ŋŗŖśőŌōŚōŌ ŋŗŕŕōŖŜś ŚōŏŉŚŌőŖŏ ŋŗŕŘŔőŉŖŋō şőŜŐ ŜŐō Ŕŉş ŗŎ ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖŲ ŜŐō ŚōŏŝŔŉŜőŗŖś ŗŎ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌŲ ŉŖŌ ŉŖš ŗŜŐōŚ Ŕŉşś ŚōŔŉŜőŖŏ Ŝŗ őŜś ŊŝśőŖōśśŴ ļŐō ŚōŞőōş ŗŎ őŜś ŗŘōŚŉŜőŗŖś őŖ ŜŐō šōŉŚ bàa śŐŗşōŌ Ŗŗ ŘŉśŜ őśśŝōś ŗŎ śŝŊśŜŉŖŋō ŚōŏŉŚŌőŖŏ ŖŗŖųŋŗŕŘŔőŉŖŋō şőŜŐ ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖ ĴŉşŲ ŗŚ ŚōŏŝŔŉŜőŗŖś ŗŎ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌŲ ŗŚ ŗŎ ŉŖš ŗŜŐōŚ Ŕŉş ŚōŔŉŜőŖŏ Ŝŗ its business. eŴ ļŐō ĩŝŌőŜ īŗŕŕőŜŜōō Őŉś ŌōŜōŚŕőŖōŌ ŉŖŌ śōŔōŋŜōŌŲ ŜŐōŖ ŖŗŕőŖŉŜōŌ ŉŖŌ ŚōŋŗŕŕōŖŌōŌ ŋŗŕŘōŖśŉŜőŗŖ ŎŗŚ bàb annual audit to present to the Board of Directors for approval by the Annual General Shareholders Meeting in 2012. The Audit īŗŕŕőŜŜōō Őŉś ŋŗŖśőŌōŚōŌ ŘōŚŎŗŚŕŉŖŋōŲ őŖŌōŘōŖŌōŖŋōŲ ŉŖŌ ŉŘŘŚŗŘŚőŉŜō ŋŗŕŘōŖśŉŜőŗŖ ŉŖŌŲ ŜŐŝśŲ Őŉś ŖŗŕőŖŉŜōŌ ĵŚŴ ĳŐőŜśŉŌŉ ĴōŚŌşŉŖŉŲ ŉ ŋōŚŜőŎőōŌ ŉŝŌőŜŗŚ ŗŎ ĴőŋōŖśō ĶŗŴ diehŲ ŗŚ ĵŚŴ ĻŝŘŉŋŐŉő ĸŐŉŖšŉşŉŜŜŉŖŗŲ ŉ ŋōŚŜőŎőōŌ ŉŝŌőŜŗŚ ŗŎ ĴőŋōŖśō ĶŗŴ cic`Ų ŗŚ ĵŚśŴ īŐŗŖŔŉŚŗś ĻŝŖŜőŉśŞŉŚŉŘŗŚŖŲ ŉ ŋōŚŜőŎőōŌ ŉŝŌőŜŗŚ ŗŎ ĴőŋōŖśōŌ ĶŗŴ debcŲ ōŉŋŐ ŊōőŖŏ ŗŎ ŜŐō ŗŎŎőŋō ŗŎ ĭŚŖśŜ Ŭ ŁŗŝŖŏ ŉś ŉŝŌőŜŗŚś ŗŎ ŜŐō īŗŕŘŉŖš őŖ bàbŲ ŎŗŚ ŜŐō ŎŗŔŔŗşőŖŏ ŚōŉśŗŖśĢ ä ļŐōőŚ śŜŉŖŌŉŚŌś ŗŎ ŏŗŗŌ şŗŚœŲ ŜŐōőŚ ōŠŘōŚŜőśō őŖ ŋŗŖŌŝŋŜőŖŏ ŉŖ ŉŝŌőŜ ŉŖŌ ŜŐōőŚ ŋŗŖśőśŜōŖŜŔš ŏŗŗŌ ŘōŚŎŗŚŕŉŖŋōŴ ä ļŐō ŗŎŎőŋō ŗŎ ŉŝŌőŜŗŚ Ōŗōś ŖŗŜŲ ŖŗŚ Ōŗōś ŉŖš ŗŎ ŜŐō ŉŝŌőŜŗŚś ŉś ŘŚŗŘŗśōŌ ŉŊŗŞōŲ ŐŉŞō ŉŖš ŚōŔŉŜőŗŖśŐőŘ ŗŚ őŖŜōŚōśŜ şőŜŐ ŜŐō īŗŕŘŉŖšÝś ōŠōŋŝŜőŞōśŲ ŕŉŒŗŚ śŐŉŚōŐŗŔŌōŚś ŗŚ ŉŖšŗŖō ŚōŔŉŜōŌ Ŝŗ śŝŋŐ ŘōŚśŗŖśŲ ŜŐōŚōŎŗŚōŲ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō ŎőŖŌś that there shall be independence in auditing and the review of the financial statements of the Company. 6. The Audit Committee has performed the full scope of the authority as set forth in the Charter of the Audit Committee őŖ ŋŗŕŘŔőŉŖŋō şőŜŐ ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖ Ĵŉş ŉŖŌ ŜŐō ŚōŏŝŔŉŜőŗŖś ŗŎ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌŴ 7. In 2011 the results of the subsidiary company has invested are as follows: ä ĵŉŘŔō ĸŔŝś īŗŕŘŉŖš ĴőŕőŜōŌ Őŉś ŉ ŚōŏőśŜōŚōŌ ŋŉŘőŜŉŔ ŗŎ b` ŕőŔŔőŗŖ ĪŉŐŜ şŐőŋŐ őś a``ū ŘŉőŌųŝŘŲ ŉŖŌ ŗŎ şŐőŋŐ ŜŐō īŗŕŘŉŖš Őŉś ŉ eeū ŗşŖōŚśŐőŘŴ ļŐō bàa šōŉŚųōŖŌ ŘōŚŎŗŚŕŉŖŋō śŐŗşōŌ ŊōŜŜōŚ ŚōśŝŔŜś ŋŗŕŘŉŚōŌ Ŝŗ ŜŐō ŘŚōŞőŗŝś šōŉŚŴ ĵŉŘŔō ĸŔŝś ŕŉŌō ŉ ŘŚŗŎőŜŲ ŊŝŜ ŖŗŜ śŝŎŎőŋőōŖŜ Ŝŗ şŚőŜō ŗŎŎ Ŕŗśś ŎŚŗŕ ŜŐō ŘŉśŜŴ The Audit Committee is of the opinion that the Company operations within the accounting period of 1 January 2011 to ca ĬōŋōŕŊōŚ bàaŲ Őŉś ŊōōŖ ŘōŚŎŗŚŕōŌ şőŜŐ ŘŚŗŘōŚ őŖŜōŚŖŉŔ ŋŗŖŜŚŗŔ ŉŖŌ ŉŘŘŚŗŘŚőŉŜō őŖŜōŚŖŉŔ ŉŝŌőŜŴ ļŐō ŎőŖŉŖŋőŉŔ ŚōŘŗŚŜś ŉŚō ŉŋŋŝŚŉŜōŲ ŋŗŕŘŔōŜō ŉŖŌ ŚōŔőŉŊŔō őŖ ŋŗŕŘŔőŉŖŋō şőŜŐ ŔŉşśŲ ŚŝŔōś ŉŖŌ ŚōŏŝŔŉŜőŗŖś ŚōŔŉŜōŌ Ŝŗ ŜŐō īŗŕŘŉŖšÝś ŊŝśőŖōśśŲ őŖŋŔŝŌőŖŏ ŜŐō ŋŗŚŚōŋŜ ŌőśŋŔŗśŝŚō Ŝŗ ŚōŏŝŔŉŜŗŚś ŜŐŉŜ ŉŚō ŋŗŖśőśŜōŖŜ şőŜŐ ŏŗŗŌ ŋŗŚŘŗŚŉŜō ŏŗŞōŚŖŉŖŋōŲ ŜŚŉŖśŘŉŚōŖŋš ŉŖŌ ŚōŔőŉŊőŔőŜšŴ

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Details of the Company’s Board of Directors and Management Mr. Thana Chaiprasit

Mr. Siripong Oontornpan

Chairman of the Board

Authorized Director / President / īŐŉőŚŕŉŖ ŗŎ ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōō ŵ Member of the Nomination and Remuneration Committee

Age 57 Educational Background ų ĸŐŴĬŴ ĬŗŋŜŗŚ ŗŎ ĸŐőŔŗśŗŘŐš ŮİŗŖŗŚŉŚšůŲ Ramkamhaeng University ų ĵıĶı ĵĪĩŲ ļŐŉŕŕŉśŉŚŜ ĽŖőŞōŚśőŜš ų İŗŖŗŚŉŚš ĬŗŋŜŗŚŉŜō ĬōŏŚōō őŖ ĪŝśőŖōśś ĩŌŕőŖőśŜŚŉŜőŗŖ ŮįōŖōŚŉŔ ĻŜŝŌőōśůŲ īŐŉŖŌŚŉœŉśōŕ ĺŉŒŉŊŐŉŜ ĽŖőŞōŚśőŜš ų ļŐō ĶŉŜőŗŖŉŔ ĬōŎōŖśō īŗŔŔōŏō ŮŜŐō ŋŗŕŊőŖŉŜőŗŖ ŗŎ ŕőŔőŜŉŚš ŗŎŎőŋōŚś ŉŖŌ ŋőŞőŔőŉŖśů ĶĬī chh % Shareholding 1.11% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal Record in the Past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų ĸŚōśōŖŜ īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌ Advanced Information Technology Plc. ų ĸŚōśōŖŜ īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌ Ļőŉŕ įŔŉśś ıŖŌŝśŜŚš īŗŴŲ ĴŜŌŴ ų ĸŚōśōŖŜ īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌ ļŐŉŖŉŚŗŕ īŗŴŲ ĴŜŌŴ ų ĸŚōśōŖŜ ĬōŘŝŜš īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌ ķśŗŜśŘŉ īŗŴŲ ĴŜŌŴ ų ĸŚōśōŖŜ ĵŉŖŉŏőŖŏ ŌőŚōŋŜŗŚ ķśŗŜśŘŉ ıŖśŝŚŉŖŋō īŗŴŲ ĴŜŌŴ ų ĸŚōśōŖŜ ĵōŕŊōŚŲ ĶŉŜőŗŖŉŔ ĭŋŗŖŗŕőŋ ŉŖŌ Social Advisory Council ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚ ıŖŜōŚŖŉŜőŗŖŉŔ ļŉŊŔōųļōŖŖőś ĮōŌōŚŉŜőŗŖ ų ĸŚōśōŖŜ ļŚōŉśŝŚōŚŲ ĶŉŜőŗŖŉŔ ķŔšŕŘőŋ Committee of Thailand ų ĸŚōśōŖŜ īŐŉőŚŕŉŖ ĻŗŝŜŐ ĭŉśŜ ĩśőŉ ļŉŊŔō ų ļōŖŖőś ĮōŌōŚŉŜőŗŖ ų ĸŚōśōŖŜ ĬōŘŝŜš īŐŉőŚŕŉŖŲ Asian Table Tennis Union

Age 59 Educational Background ų ĵŉśŜōŚ ŗŎ ĻŋőōŖŋō ŮīŗŕŘŝŜōŚ ĻŋőōŖŋōůŲ ĿōśŜōŚŖ ĵőŋŐőŏŉŖ ĽŖőŞōŚśőŜšŲ ĽĻĩ ų ĪŉŋŐōŔŗŚ ŗŎ ĭŔōŋŜŚőŋŉŔ ĭŖŏőŖōōŚőŖŏŲ ĿōśŜōŚŖ ĵőŋŐőŏŉŖ ĽŖőŞōŚśőŜšŲ ĽĻĩ Training Record ų Ĭīĸ cfŵb``c ų ĶŉŜőŗŖŉŔ ĬōŎōŖśō īŗŔŔōŏō b``d ų īŉŘőŜŉŔ ĵŉŚœōŜ ĩŋŉŌōŕš ũab % Shareholding 9.06% of paid up capital ų ĸōŚśŗŖŉŔ ĺōŔŉŜőŗŖśŐőŘ şőŜŐ ŜŐō ĵŉŖŉŏōŕōŖŜ Spouse of Mrs. Netnapit Oontornpan Illegal Record in the Past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų aiicųĸŚōśōŖŜ ĬőŚōŋŜŗŚŵ ĵōŕŊōŚ ŗŎ ŜŐō ĶŗŕőŖŉŜőŗŖ Ŭ Remuneration Committee/ īŐŉőŚŕŉŖ ŗŎ ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōōŵ ĸŚōśőŌōŖŜŲ Advanced Information Technology Plc. ų b``iųĸŚōśōŖŜ ĸŚōśőŌōŖŜŲ Thai Senior Professional Golfers Association

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Mr. Chokechai Tanpoonsinthana Independent Director / Chairman of the Audit Committee

Mr. Pongtep Polanun

Vice Chairman of the Board / Chairman of the Nomination and Remuneration Committee / Independent Director / Member of the Audit Committee

Age 64 Age 57 Educational Background Educational Background ų ĵĪĩ ŮĹŝŉŖŜőŜŉŜőŞō ĩŖŉŔšśőś Ŭ ĮőŖŉŖŋōůŲ ų ĵĪĩ ŮĮőŖŉŖŋōůŲ ĶŉŜőŗŖŉŔ ıŖśŜőŜŝŜō ŗŎ ĬōŞōŔŗŘŕōŖŜ ĽŖőŞōŚśőŜš ŗŎ ĿőśŋŗŖśőŖŲ ĽĻĩ Administration ų ĵŉśŜōŚ ŗŎ ĻŋőōŖŋō ŮīőŞőŔ ĭŖŏőŖōōŚőŖŏůŲ ų ĵĪĩ ŮĵŉŖŉŏōŕōŖŜůŲ ĻŉśőŖ įŚŉŌŝŉŜō ıŖśŜőŜŝŜō ŗŎ ĽŖőŞōŚśőŜš ŗŎ ĿőśŋŗŖśőŖŲ ĽĻĩ Business Administration ų ĪŉŋŐōŔŗŚ ŗŎ ĭŖŏőŖōōŚőŖŏŲ īŐŝŔŉŔŗŖŏœŗŚŖ ĽŖőŞōŚśőŜš ų ĪŉŋŐōŔŗŚ ŗŎ ĭŋŗŖŗŕőŋśŲ ļŐŉŕŕŉśŉŜ ĽŖőŞōŚśőŜš Training Record Training Record Thai Institute of Directors Thai Institute of Directors ų ĬőŚōŋŜŗŚ īōŚŜőŎőŋŉŜō ĸŚŗŏŚŉŕ cŵb``` ų ĩŋŋŚōŌőŜŉŜőŗŖ ĸŚŗŏŚŉŕ ĬőŚōŋŜŗŚ cfŵb`è ų ĩŝŌőŜ īŗŕŕőŜŜōō ĸŚŗŏŚŉŕ hŵb`ì % Shareholding 0.14% of paid up capital ų ĵŗŖőŜŗŚőŖŏ ŜŐō ıŖŜōŚŖŉŔ ĩŝŌőŜ ĮŝŖŋŜőŗŖ fŵb`ì Personal Relationship with the Management ų ĶŗŖō ų ų ĵŗŖőŜŗŚőŖŏ ŜŐō ĻšśŜōŕ ŗŎ ıŖŜōŚŖŉŔ īŗŖŜŚŗŔ ŉŖŌ ĺőśœ Illegal record in the past ų ĶŗŖō ų Management 7/2009 Work Experience (Over the Past 5 Years) ų ĵŗŖőŜŗŚőŖŏ ĮŚŉŝŌ ĺőśœ ĵŉŖŉŏōŕōŖŜ aŵb`ì ų ĸŚōśōŖŜ ľőŋō īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌŵ ų ĵŗŖőŜŗŚőŖŏ ŜŐō ĹŝŉŔőŜš ŗŎ ĮőŖŉŖŋőŉŔ ĺōŘŗŚŜőŖŏ abŵbà` Chairman of Nomination and Remuneration ų ĩŌŞŉŖŋōŌ ĩŝŌőŜ īŗŕŕőŜŜōō ĸŚŗŏŚŉŕ dŵbà` Committee/ Independent Director/ % Shareholding ų ĶŗŖō ų ĵōŕŊōŚ ŗŎ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōōŲ Personal Relationship with the Management ų ĶŗŖō ų Advanced Information Technology Plc. Illegal record in the past ų ĶŗŖō ų ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŲ Work Experience (Over the Past 5 Years) Phatra Securities Plc. ų b```ųĸŚōśōŖŜ ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚŵ ĵōŕŊōŚ ŗŎ ĩŝŌőŜ īŗŕŕőŜŜōō ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŲ Thai Stanley Electric Pcl. Phatra Leasing Plc. ų b``cųĸŚōśōŖŜ ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚ ŉŖŌ ų ĸŚōśōŖŜ īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌŲ Chairman of Audit Committee ĳŚŝŖŏ ļŐŉő ıĪĻ ĴōŉśőŖŏ īŗŴŲ ĴŜŌŴ Advance Information Technology Pcl. ų b``dųbàa ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚŵ ĵōŕŊōŚ ŗŎ ĩŝŌőŜ īŗŕŕőŜŜōō United Securities Pcl. ų ķŋŜ `gųbàa ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚŵ ĵōŕŊōŚ ŗŎ ĩŝŌőŜ īŗŕŕőŜŜōō ĵōŕŊōŚ ŗŎ ĶŗŕőŖŉŜőŗŖ Ŭ ĺōŕŝŖōŚŉŜőŗŖś īŗŕŕőŜŜōō Thai Agro Energy Pcl. ų ĻōŘ `hųbàa ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚŵ īŐŉőŚŕŉŖ ŗŎ ĩŝŌőŜ īŗŕŕőŜŜōō United Securities Pcl. ų ĲŉŖ aaųĸŚōśōŖŜ ĵōŕŊōŚ ŗŎ ŜŐō ĩŘŘōŉŔ īŗŕŕőŜŜōō ļŐŉőŔŉŖŌ ĮŝŜŝŚōś ĭŠŋŐŉŖŏō ĸŋŔŴ ų bàaųĸŚōśōŖŜ ĵōŕŊōŚ ŗŎ ŜŐō ĩŘŘōŉŔ īŗŕŕőŜŜōō ļŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌ 15

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Mr. Sripop Sarasas

Mr. Suraporn Raktaprachit

Independent Director / Member of the Audit Committee / Member of the Nomination and Remuneration Committee

ĩŝŜŐŗŚőŢōŌ ĬőŚōŋŜŗŚ ŵ ĭŠōŋŝŜőŞō Committee / Member of the Nomination ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōō ŵ ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĮőŖŉŖŋō ĻōŚŞőŋō

Age 54 Educational Background ų ĵĪĩŲ ĽŖőŞōŚśőŜš ŗŎ ĻŗŝŜŐōŚŖ īŉŔőŎŗŚŖőŉŲ ĽĻĩ ų ĪŉŋŐōŔŗŚ ŗŎ ĵōŌőŋŉŔ ļōŋŐŖŗŔŗŏšŲ īŐŝŔŉŔŗŖŏœŗŚŖ ĽŖőŞōŚśőŜš Training Record Thai Institute of Directors ų ĬőŚōŋŜŗŚ īōŚŜőŎőŋŉŜō ĸŚŗŏŚŉŕ bbŵb``b ų ĩŝŌőŜ īŗŕŕőŜŜōō ĸŚŗŏŚŉŕ aŵb``d % Shareholding ų ĶŗŖō ų Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų ĸŚōśōŖŜ ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚŵ ĵōŕŊōŚ ŗŎ ŜŐō Nomination and Remuneration Committee/ ĵōŕŊōŚ ŗŎ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōōŲ Advanced Information Technology Plc. ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŵ ĵōŕŊōŚ ŗŎ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō The Royal Ceramic Industry Plc. ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŵ ĵōŕŊōŚ ŗŎ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō Bangkok General Hospital Plc. ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŵ ĵōŕŊōŚ ŗŎ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō Livingland Capitol Plc. ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŵ ĵōŕŊōŚ ŗŎ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō ĳőōŜŜŐŉŖŉ ĴŗŏőśŜőŋś ĸŔŋŴ ų ĸŚōśōŖŜ ļŐō īŐŉőŚŕŉŖ ŗŎ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōōŵ ĬőŚōŋŜŗŚ įŗŔŌōŖ Ĵőŕō īŗŴŲ ĴŜŌŴ

Age 56 Educational Background ų ĵŉśŜōŚ ĬōŏŚōō őŖ ĭŋŗŖŗŕőŋśŲ ĻšŚŉŋŝśō ĽŖőŞōŚśőŜš ų Ķōş ŁŗŚœŲ ĽĻĩ ų ĪŉŋŐōŔŗŚ ŗŎ ĭŋŗŖŗŕőŋśŲ ļŐō ĩŕōŚőŋŉŖ ĽŖőŞōŚśőŜš ų ĿŉśŐőŖŏŜŗŖ ĬŴīŴŲ ĽĻĩ Training Record Thai Institute of Directors ų ĬőŚōŋŜŗŚ īōŚŜőŎőŋŉŜō ĸŚŗŏŚŉŕ ceŵb``c % Shareholding 2.59% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų ĸŚōśōŖŜ ĩŝŜŐŗŚőŢōŌ ĬőŚōŋŜŗŚŵ ĭŠōŋŝŜőŞō īŗŕŕőŜŜōōŵ Member of Nomination and Remuneration īŗŕŕőŜŜōōŵ ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĻōŚŞőŋōŲ Advanced Information Technology Plc.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ĵŚŴ ĳőŒŒŉ ĴŉŗŊŗŗŖŋŐŉő

Authorized Director / ĭŠōŋŝŜőŞō īŗŕŕőŜŜōō ŵ ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų Sales and Marketing

Age 52 Educational Background ų ĵŉśŜōŚ ĬōŏŚōō őŖ ıŖŌŝśŜŚőŉŔ Ŭ ĻšśŜōŕŲ ĭŖŏőŖōōŚőŖŏ ķŐőŗ ĽŖőŞōŚśőŜšŲ ĽĻĩ ų ĪŉŋŐōŔŗŚ ŗŎ ĭŖŏőŖōōŚőŖŏŲ īŐŝŔŉŔŗŖŏœŗŚŖ ĽŖőŞōŚśőŜš Training Record Thai Institute of Directors ų ĬőŚōŋŜŗŚ īōŚŜőŎőŋŉŜō ĸŚŗŏŚŉŕ cfŵb``c % Shareholding 1.14% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų aiidųĸŚōśōŖŜ ĩŝŜŐŗŚőŢōŌ ĬőŚōŋŜŗŚŵ ĭŠōŋŝŜőŞō īŗŕŕőŜŜōōŵ ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĻŉŔōś ŉŖŌ ĵŉŚœōŜőŖŏŲ Advanced Information Technology Plc

Mr. Chatchai Yenbamroong Independent Director

Age 53 Educational Background ų ĵŉśŜōŚ ĬōŏŚōō őŖ ĲŗŝŚŖŉŔőśŕ ŮĶōşśŘŉŘōŚ ĵŉŒŗŚůŲ ĶŗŚŜŐşōśŜōŚŖ ĽŖőŞōŚśőŜšŲ ĽĻĩ ų ĪŉŋŐōŔŗŚ ŗŎ ĸŗŔőŜőŋŉŔ ĻŋőōŖŋōŲ ļŐŉŕŕŉśŉŜ ĽŖőŞōŚśőŜš % Shareholding 0.005% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų ĸŚōśōŖŜ ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚŲ Advanced Information Technology Plc. ų ĸŚōśōŖŜ ĵōŕŊōŚ ŗŎ ŜŐō ĵŉŖŉŏōŕōŖŜ īŗŕŕőŜŜōōŲ ĶŗŚŜŐōŚŖ įŝŔŎ ķőŔ ŮļŐŉőŔŉŖŌů īŗŴŲ ĴŜŌŴ

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ĵŚŴ ĳőŜŜőśŉœ ĻŗŘŋŐŗœŋŐŉő Director / Member of the Nomination and Remuneration Committee

Age 56 Educational Background ų ĪŉŋŐōŔŗŚ ŗŎ ĭŋŗŖŗŕőŋśŲ ļŐŉŕŕŉśŉŜ ĽŖőŞōŚśőŜš Training Record Thai Institute of Directors ų ĬőŚōŋŜŗŚ ĩŋŋŚōŌőŜŉŜőŗŖ ĸŚŗŏŚŉŕ edŵb``f % Shareholding 5.55% of paid up capital ŮŐōŔŌ Ŋš ĵŚśŴ ĳőŖŏŘŗŚŖ ĻŗŘŋŐŗœŋŐŉőŲ ĵŚŴ ĳőŜŜŉśŉœś śŘŗŝśōů Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŵ ĵōŕŊōŚ ŗŎ ŜŐō ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōōŲ Advanced Information Technology Plc. ų ĸŚōśōŖŜ ĵŉŖŉŏőŖŏ ĬőŚōŋŜŗŚŲ ĻŝŚōōŜŚőŊŗŗŖ İŗŔŌőŖŏ īŗŴŲ ĴŜŌŴ ų ĸŚōśōŖŜ ĵŉŖŉŏőŖŏ ĬőŚōŋŜŗŚŲ ĵŗŞőŖŏŔőŖœ ŮļŐŉőŔŉŖŌů īŗŴŲ ĴŜŌŴ ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŲ ķŉœŜŚōō īŗŴŲ ĴŜŌŴ ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŲ ĳ Ļ ĸ ĻřŝŉŚō īŗŴŲ ĴŜŌŴ ų aiigųĸŚōśōŖŜ ĬőŚōŋŜŗŚŲ ĵŗŞőō įŚŗŝŘ İŗŔŌőŖŏ īŗŴŲ ĴŜŌŴ ų aiigųĸŚōśōŖŜ ĸŚōśőŌōŖŜŲ ĩŝŌőŗ ĭŖŏōŖōōŚőŖŏ ĻōŚŞőŋō īŗŴŲ ĴŜŌŴ ų aihfųĸŚōśōŖŜ ĸŚōśőŌōŖŜŲ ĬőŏőŜŉŔ īŗŖŜŚŗŔ īŗŴŲ ĴŜŌŴ ų aihcųĸŚōśōŖŜ ĸŚōśőŌōŖŜŲ ĻŗŝŖŌ ŉŖŌ īŗŕŕŝŖőŋŉŜőŗŖ īŗŴŲ ĴŜŌŴ ų ĸŚōśōŖŜ ĵŉŖŉŏőŖŏ ĬőŚōŋŜŗŚŲ ľőŋŐŉő ļŚŉŌőŖŏ Ůaihců īŗŴŲ ĴŜŌŴ ų ĸŚōśōŖŜ ĸŚōśőŌōŖŜŲ ļŗųŉ ĭŔōŋŜŚŗŖőŋś ŮļŐŉőŔŉŖŌů īŗŴŲĴŜŌŴ

Mr. Pisak Charudilaka Director

Age 58 Educational Background ų ĵŉśŜōŚ ĬōŏŚōō őŖ ĸŗŔőŜőŋŉŔ ĻŋőōŖŋōŲ Ramkamhaeng University ų ĪŉŋŐōŔŗŚ ŗŎ ĴŉşśŲ ĺŉŕœŐŉŕŐŉōŖŏ ĽŖőŞōŚśőŜš Training Record Thai Institute of Directors ų ĬőŚōŋŜŗŚ ĩŋŋŚōŌőŜŉŜőŗŖ ĸŚŗŏŚŉŕ fgŵb``g % Shareholding 1.71% of paid up capital ŮŐōŔŌ Ŋš ĵŚśŴ ĻŗőśŗŖ īŐŉŚŝŌőŔŉœŉŲ ĵŚŴ ĸőśŉœÝś śŘŗŝśōů Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŲ Advanced Information Technology Plc. ų b``eųĸŚōśōŖŜ ĻŜŉŜőŗŖ ĵŉŖŉŏōŚŲ ĸŚōśōŖŜ ĺōŏőŗŖ b ķŎŎőŋōŲ The Custom Department

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Mr. Chodiwat Duntanasarn Director / ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĻŉŔōś Department

Age 47 Educational Background ų ĵŉśŜōŚ ĬōŏŚōō őŖ ĵŉŚœōŜőŖŏŲ ĿŉŏŖōŚ īŗŔŔōŏōŲ ĽĻĩ ų ĪŉŋŐōŔŗŚ ŗŎ ĪŝśőŖōśś ĩŌŕőŖőśŜŚŉŜőŗŖŲ Assumption University Training Record Thai Institute of Directors ų ĬőŚōŋŜŗŚ īōŚŜőŎőŋŉŜō ĸŚŗŏŚŉŕ gbŵb``f % Shareholding 4.55% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŲ Advanced Information Technology Plc. ų aiieųĸŚōśōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĻŉŔōś ĬōŘŉŚŜŕōŖŜŲ Advanced Information Technology Plc.

ĵŚŴ ĩśŉşőŖ ĳŉŖŏŞŗŔœőŒ

ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų Finance and Corporate Strategy

Age 49 Educational Background ų ĵŉśŜōŚ ĬōŏŚōō őŖ ĭŋŗŖŗŕőŋśŲ ĿōśŜōŚŖ ĵőŋŐőŏŉŖ ĽŖőŞōŚśőŜšŲ ĽĻĩ % Shareholding 0.05% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų b``iųĸŚōśōŖŜ ľőŋō ĸŚōśőŌōŖŜų ĮőŖŉŖŋō ŉŖŌ īŗŚŘŗŚŉŜō ĻŜŚŉŜōŏšŲ Advanced Information Technology Plc. ų b``gųb``i ľőŋō ĸŚōśőŌōŖŜ ų īŗŚŘŗŚŉŜō ĻŜŚŉŜōŏšŲ Advanced Information Technology Plc.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Mrs. Netnapit Oontornpan

ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų Corporate Affairs

Age 56 Educational Background ų ĵŉśŜōŚ ĬōŏŚōō őŖ ıŖŜōŚ ų īŗŕŕŝŖőŋŉŜőŗŖŲ ĿōśŜōŚŖ ĵőŋŐőŏŉŖ ĽŖőŞōŚśőŜšŲ ĽĻĩ % Shareholding 0.58% of paid up capital Personal Relationship with the Management Spouse of Mr. Siripong Oontornpan Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų b``cųĸŚōśōŖŜ ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ īŗŚŘŗŚŉŜō ĩŎŎŉőŚśŲ Advanced Information Technology Plc.

ĵŚŴ ķŖŏųŉŚŌ İŉŚŖŜŉşōōśŗŕŘŗŖō Senior Vice President Telecom Sales

Age 43 Educational Background ų ĪŉŋŐōŔŗŚ ŗŎ ĭŖŏőŖōōŚőŖŏŲ īŐŝŔŉŔŗŖŏœŗŚŖ ĽŖőŞōŚśőŜš % Shareholding 0.04% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų aiieųĸŚōśōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ļōŔōŋŗŕ ĻŉŔōśŲ Advanced Information Technology Plc

Ms. Sureerat Prachayanukul Senior Vice President Financial Controller

Age 39 Educational Background ų ĵŉśŜōŚ ĬōŏŚōō őŖ ĩŋŋŗŝŖŜŉŖŋšŲ Thammasat University % Shareholding 0.08% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų b``cųĸŚōśōŖŜ ĬőŚōŋŜŗŚŲ ĵŉŘŔōŘŔŝś īŗŴŲ ĴŜŌŴ ų b``cųĸŚōśōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ĮőŖŉŖŋőŉŔ īŗŖŜŚŗŔŔōŚŲ Advanced Information Technology Plc.

Mr. Narachet Chattratitiphan ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų Government Sales

Age 50 Educational Background ų ĵĪĩ ŮĵŉŖŉŏōŕōŖŜůŲ National Institute of Development Administration % Shareholding 0.03% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų b``eųĸŚōśōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ įŗŞōŚŖŕōŖŜ ĻŉŔōśŲ Advanced Information Technology Plc.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Mr. Chumkiat Laoseriwatanakul ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų Marketing

Age 45 Educational Background ų ĪŉŋŐōŔŗŚ ŗŎ īŗŕŘŝŜōŚ ĭŖŏőŖōōŚőŖŏŲ Chulalongkorn University % Shareholding ų ĶŗŖō ų Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŲ ĵŉŘŔōŘŔŝś īŗŴŲ ĴŜŌŴ ų aiidųĸŚōśōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ĵŉŚœōŜőŖŏŲ Advanced Information Technology Plc.

Mr. Supat Dulyakupt ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų Technical Support

Age 45 Educational Background ų ĵĪĩŲ īŐŝŔŉŔŗŖŏœŗŚŖ ĽŖőŞōŚśőŜš % Shareholding 0.18% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų b``bųĸŚōśōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ļōŋŐŖőŋŉŔ ĻŝŘŘŗŚŜŲ Advanced Information Technology Plc

ĵŚŴ ĳőŜŜőŘŉŖ įŉŖŖőŏŉŜŉŖŉŖŗŖ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų Project Management

Age 53 Educational Background ų ĵĪĩ ŮĵŉŖŉŏōŕōŖŜůŲ ĪŉŖŏœŗœ ĽŖőŞōŚśőŜš % Shareholding ų Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų ĸŚōśōŖŜ ĬőŚōŋŜŗŚŲ ĵŉŘŔōŘŔŝś īŗŴŲ ĴŜŌŴ ų b``cųĸŚōśōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ĸŚŗŒōŋŜ ĵŉŖŉŏōŕōŖŜŲ Advanced Information Technology Plc.

Mr. Putti Dhamrongsirivadh ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų Customer Service

Age 40 Educational Background ų ĵŉśŜōŚ ĬōŏŚōō őŖ ļōŔōŋŗŕŕŝŖőŋŉŜőŗŖ ĭŖŏőŖōōŚőŖŏŲ ĻŉŖ Ĭőōŏŗ ĻŜŉŜō ĽŖőŞōŚśőŜš ų ĽĻĩ % Shareholding 0.02% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų aiiiųĸŚōśōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ īŝśŜŗŕōŚ ĻōŚŞőŋōŲ Advanced Information Technology Plc.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Mr. Somchai Vipupinyo Senior Vice President Advanced Technology and Application Services

Age 53 Educational Background ų ĪŉŋŐōŔŗŚ ŗŎ ĭŖŏőŖōōŚőŖŏŲ īŐŝŔŉŔŗŖŏœŗŚŖ ĽŖőŞōŚśőŜš % Shareholding 0.01% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų b``dųĸŚōśōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ Advanced Technology and ĩŘŘŔőŋŉŜőŗŖ ĻōŚŞőŋōśŲ Advanced Information Technology Plc.

Mr. Ralf Hundertmark ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų Business Development

Age 44 Educational Background ų ļŉŋŐ İŗŋŐŉŋŐŝŔō ĬŉŚŕśŜŉŌŜŲ įōŚŕŉŖš % Shareholding ų ĶŗŖō ų Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų b``iųĸŚōśōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ĪŝśőŖōśś ĬōŞōŔŗŘŕōŖŜŲ Advanced Information Technology Plc.

ĵŚŴ ĳŚőōŖŏœŚŉő ĶőśśšŉŖ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų Business Development

Age 44 Educational Background ų ĵŉśŜōŚ ŗŎ ĻōőŋŖŋō īŗŕŘŝŜōŚŲ National Institute of Development Administration % Shareholding 0.47% of paid up capital Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų b``fųĸŚōśōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ĪŝśőŖōśś ĬōŞōŔŗŘŕōŖŜŲ Advanced Information Technology Plc.

ĵŚŴ ľŗŚŉŞőŜ ĿŉŜŜŉŖŉœŝŔŒŉŚŝś ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų Company Secretary

Age 52 Educational Background ų ĵŉśŜōŚ ĬōŏŚōō őŖ ĭŋŗŖŗŕőŋśŲ ĽŖőŞōŚśőŜš ŗŎ ĶŗŚŜŐ ļōŠŉśŲ ĽĻĩ Training Record ų īŗŕŘŉŖš ĻōŋŚōŜŉŚš ĸŚŗŏŚŉŕ iŵb``i % Shareholding ų ĶŗŖō ų Personal Relationship with the Management ų ĶŗŖō ų Illegal record in the past ų ĶŗŖō ų Work Experience (Over the Past 5 Years) ų b``iųĸŚōśōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ īŗŕŘŉŖš ĻōŋŚōŜŉŚšŲ Advanced Information Technology Plc.

AIT

ĽŖőŜĢ ū ŗŎ ŘŉőŌ ŝŘ ŋŉŘőŜŉŔ ĽŖőŜĢ ĻŐŉŚōś ŮļŐō ŖŝŕŊōŚ ŗŎ ŜŗŜŉŔ śŐŉŚōś őś b``Ų```ů

ĬőŚōŋŜŗŚ ĬőŚōŋŜŗŚ ĬőŚōŋŜŗŚ ĬőŚōŋŜŗŚ

Maple Plus

īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌ ĸŚōśőŌōŖŜŲ ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōōŲ īŐŉőŚŕŉŖ ŗŎ ŜŐō ĵŉŖŉŏōŕōŖŜ īŗŕŕőŜŜōō īŐŉőŚŕŉŖ ŗŎ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōōŲ ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚ ľőŋō īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌŲ ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚŲ īŐŉőŚŕŉŖ ŗŎ ŜŐō ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōōŲ ĩŝŌőŜ īŗŕŕőŜŜōō ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚŲ ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōō ĩŝŜŐŗŚőŢōŌ ĬőŚōŋŜŗŚŲ ĵŉŖŉŏōŕōŖŜ īŗŕŕőŜŜōōŲ ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōōŲ ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ Ú ĻōŚŞőŋō ĩŝŜŐŗŚőŢōŌ ĬőŚōŋŜŗŚŵ ĵŉŖŉŏōŕōŖŜ īŗŕŕőŜŜōōŵĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ Ú ĻŉŔōś ŉŖŌ ĵŉŚœōŜőŖŏ ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚ ĬőŚōŋŜŗŚŲ ĶŗŕőŖŉőŜŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōō ĬőŚōŋŜŗŚ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ Ú ĻŉŔōś ĬōŘŉŚŜŕōŖŜŲ ĬőŚōŋŜŗŚ ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų īŗŚŘŗŚŉŜō ĮőŖŉŖŋō ŉŖŌ ĻŜŚŉŜōŏš ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų īŗŚŘŗŚŉŜō ĩŎŎŉőŚś ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĩļŬĩĻ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĸŚŗŒōŋŜ ĵŉŖŉŏōŕōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų įŗŞōŚŖŕōŖŜ ĻŉŔōś ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜųĵŉŚœōŜőŖŏ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ļōŋŐŖőŋŉŔ ĻŝŘŘŗŚŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĪŝśőŖōśś ĬōŞōŔŗŘŕōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĪŝśőŖōśś ĬōŞōŔŗŘŕōŖŜ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ļōŔōŋŗŕ ĻŉŔōś ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų īŝśŜŗŕōŚ ĻōŚŞőŋō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĮőŖŉŖŋőŉŔ īŗŖŜŚŗŔŔōŚ ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ Ú īŗŕŘŉŖš ĻōŋŚōŜŉŚš

Ůaů ĩıļĢ ĩŌŞŉŖŋō ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŔŋŴ Ůbů ĵŉŘŔō ĸŔŝśĢ ĵŉŘŔō ĸŔŝś īŗŴŲĴŜŌŴ

aŴ ĵŚŴ ļŐŉŖŉ īŐŉőŘŚŉśőŜ bŴ ĵŚŴ ĻőŚőŘŗŖŏ ķŗŖŜŗŚŖŘŉŖ cŴ ĵŚŴ īŐŗœōŋŐŉő ļŉŖŘŗŗŖśőŖŜŐŉŖŉ dŴ ĵŚŴ ĸŗŖŏŜōŘ ĸŗŔŉŖŝŖ eŴ ĵŚŴ ĻŚőŘŗŘ ĻŉŚŉśŉś fŴ ĵŚŴ ĻŝŚŉŘŗŚŖ ĺŉœŜŉŘŚŉŋŐőŜ gŴ ĵŚŴĳőŒŒŉ ĴŉŗŊŗŗŖŋŐŉő hŴ ĵŚŴīŐŉŜŋŐŉő ŁōŖŊŉŕŚŗŗŖŏ iŴ ĵŚŴĳőŜŜőśŉœ ĻŗŘŋŐŗœŋŐŉő a`Ŵ ĵŚŴ ĸőśŉœ īŐŉŚŝŌőŔŉœŉ aaŴ ĵŚŴīŐŗŌőşŉŜ ĬŝŖŜŉŖŉśŉŚŖ abŴ ĵŚŴĩśŉşőŖ ĳŉŖŏŞŗŔœőŒ acŴ ĵŚśŴĶōŜŖŉŘőŜ ķŗŖŜŗŚŖŘŉŖ adŴ ĵŚŴĻŗŕŋŐŉő ľőŘŝŘőŖšŗ aeŴ ĵŚŴĳőŜŜőŘŉŖ įŉŖŖőŏŉŜŉŖŉŖŗŖ afŴ ĵŚŴ ĶŉŚŉŋŐōŜ īŐŉŜŜŚŉŜőŜőŘŐŉŖ agŴ ĵŚŴ īŐŝŕœőŉŜ ĴŉŗśōŚőşŉŜŉŖŉœŝŔ ahŴ ĵŚŴĻŝŘŉŜ ĬŝŔšŉœŝŘŜ aiŴ ĵŚŴĳŚőōŖŏœŚŉő ĶőśśšŉŖ b`Ŵ ĵŚŴĺŉŔŎ İŝŖŌōŚŜŕŉŚœ baŴ ĵŚŴķŖŏųŉŚŌ İŉŚŖŜŉşōōśŗŕŘŗŖō bbŴ ĵŚŴĸŝŜŜő ĬŐŉŕŚŗŖŏśőŚőŞŉŌŐ bcŴ ĵśŴĻŝŚōōŚŉŜ ĸŚŉŋŐŉšŉŖŝœŝŔ bdŴ ĵŚŴľŗŚŉŞőŜ ĿŉŜŜŉŖŉœŝŔŒŉŚŝś

Name – Last Name

Position

Directors and Management Shareholding Report of Year 2011

aŴaa iŴŴ`f ų `Ŵad ų bŴei aŴad ų ų ų dŴee `Ŵ`e `Ŵeh `Ŵ`a ų `Ŵ`c ų `Ŵah `Ŵdg ų `Ŵ`d `Ŵ`b `Ŵ`h ų

2554 aŴad iŴah ų `Ŵad ų bŴeh aŴaa `Ŵ``e ų ų dŴeb `Ŵ`d `Ŵee `Ŵ`d ų `Ŵ`b `Ŵ``f `Ŵad `Ŵdd ų `Ŵ`c `Ŵ`b `Ŵ`d ų

2553

ų ų ų ų ų a śŐŉŚō ų ų ų ų a śŐŉŚō ų ų ų ų ų ų ų ų ų ų ų a śŐŉŚō ų

2554

ų ų ų ų ų a śŐŉŚō ų ų ų ų a śŐŉŚō ų ų ų ų ų ų ų ų ų ų ų a śŐŉŚō ų

2553

Common Stock (as at 31 Dec 2011) AIT (1) Maple Plus (2)

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä General Information about the Company Details about Company’s Securities Issuer Ticker First Listing Date ĵŉŚœōŜ īŉŘőŜŉŔőŢŉŜőŗŖ ĺōŏőśŜōŚōŌ īŉŘőŜŉŔ ĸŉőŌųŝŘ īŉŘőŜŉŔ ĶŝŕŊōŚ ŗŎ ĻŐŉŚōŐŗŔŌōŚś ū ĮŚōō ĮŔŗŉŜ

: : : Ģ Ģ Ģ Ģ Ģ

Advanced Information Technology Public Company Limited “AIT” 30 July 2003 cŲahgŲefiŲ``` ĪŉŐŜ Ůĩś ŗŎ ca ĬōŋōŕŊōŚ bàaů cdeŲ```Ų``` ĪŉŐŜ ccgŲdfbŲcf` ĪŉŐŜ bŲec` Ůĩś ŗŎ ca ĬōŋōŕŊōŚ bàaů fdŴiiū Ůĩś ŗŎ bb ĶŗŞōŕŊōŚ bàaů

ļšŘō ŗŎ ĪŝśőŖōśś

ĺōŔŉŜőŖŏ Ŝŗ őŖŎŗŚŕŉŜőŗŖ ŉŖŌ ŋŗŕŕŝŖőŋŉŜőŗŖś ŜōŋŐŖŗŔŗŏšŲ including the maintenance and the development of IT systems

İōŉŌ ķŎŎőŋō īŗŕŘŉŖšÝś ĺōŏőśŜŚŉŜőŗŖ ũ ļōŔ ĮŉŠ ĿōŊśőŜō

Ģ Ģ Ģ Ģ Ģ

cgŵb ĻŝŜŜŐőśŉŚŖ ĺŗŉŌŲ ĻŉŕśōŖŖŗœŲ İŝŉš ĳşŉŖŏŲ ĪŉŖŏœŗœ a`cb` `a`gedf````fg `ųbbgeųid`` `ųbbgeia`` ŉŖŌ `ųbbgeųib`` şşşŴŉőŜŴŋŗŴŜŐ

Auditors aŴ ĵŚŴ ĳŐőŜśŉŌŉ ĴōŚŌşŉŖŉŲ bŴ ĵŚŴ ĻŝŘŘŐŉŋŐŉő ĸŐŉŖšŉşŉŜŜŐŉŖŗŲ 3. Mrs. Cholaros Suntiasvaraporn

īĸĩ ĴőŋōŖśō ĶŝŕŊōŚ dieh ŉŖŌŵŗŚ īĸĩ ĴőŋōŖśō ĶŝŕŊōŚ cic` ŉŖŌŵŗŚ CPA License Number 4523

Ernst and Young Office Limited ccŚŌ ĮŔŗŗŚŲ Ĵŉœō ĺŉŜŋŐŉŌŉ ķŎŎőŋō ĪŝőŔŌőŖŏŲ aicŵacfųacgŲ Ķōş ĺŉŜŋŐŉŌŉŘŐőśōœ ĺŗŉŌŲ ĳŔŗŖŏŜŗōšŲ ĪŉŖŏœŗœ aèà ļōŔĢ Ůffů bbfd `ggg ĮŉŠĢ Ůffů bbfd `ghiųi` Securities Registrar Thailand Securities Depository Company Limited dŜŐ ŉŖŌ fŜŐųgŜŐ ĮŔŗŗŚŲ ļŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌ ĪŝőŔŌőŖŏŲ ĺŉŜŋŐŉŌŉŘŐőśōœ ĺŗŉŌŲ ĳŔŗŖŏŜŗōšŲ ĪŉŖŏœŗœ aàa`Ŵ ļōŔĢ Ůffů bcei ab`` ĮŉŠĢ Ůffů bcei abei The Stock Exchange of Thailand, Capital Market Academy Building bŵg ĵŗŗ d ŮĶŗŚŜŐŘŉŚœ ĸŚŗŒōŋŜůŲ ľőŊŐŉŞŉŌőųĺŉŖŏśőŜ ĺŗŉŌŲ ļŐŝŖŏ ĻŗŖŏ İŗŖŏŲ ĴŉœśőŲ ĪŉŖŏœŗœ a`ba` ļōŔĢ Ůffů beif i``` ĮŉŠĢ Ůffů bhcb diidųf

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

General Information on the Company and its Subsidiaries Company

Type of Business

Advanced Information ĺōŔŉŜőŖŏ Ŝŗ Technology Public information and Company Limited communications cgŵb ĻŝŜŜŐőśŉŚŖŞőŖőŒŋŐŉő ĺŗŉŌŲ ŜōŋŐŖŗŔŗŏšŲ őŖŋŔŝŌőŖŏ ĻŉŕśōŖ ĶŗœŲ İŝŉš ĳşŉŖŏŲ ŜŐō ŕŉőŖŜōŖŉŖŋō ŉŖŌ Bangkok 10320 the development of IT systems Subsidiaries Mapleplus Co., Ltd. ddh ķŚŌōŚ İŗŝśō ĪŝőŔŌőŖŏŲ eŮců ĮŔŗŗŚŲ ĺŉŜŋŐŉŌŉŘŐőśōœ ĺŗŉŌŲ ĻŉŕśōŖ ĶŗœŲ İŝŉš ĳşŉŖŏŲ ĪŉŖŏœŗœ a`cb`

ĻōŔŔ ŉŖŌ őŖśŜŉŔŔ ŋŗŕŘŝŜōŚŲ śŗŎŜşŉŚō ŉŖŌ ŋŗŕŕŝŖőŋŉŜőŗŖ ōřŝőŘŕōŖŜś

Registered Capital Par Value per (Baht) Share (Baht)

Paid-up Capital (Baht)

% Shareholding

cdeŲ```Ų```

ccgŲdfbŲcf`

b`Ų```Ų```

a``

b`Ų```Ų```

eeū

Dividend Policy The Company’s dividend payout ratio is not less than 40% of net profit if there is no other necessary obligation to ŜŐőś ŕŗŖōšŲ ŉŖŌ ŜŐō ŌőŞőŌōŖŌ ŘŉšŗŝŜ ŕŝśŜ ŖŗŜ ŕŉŜōŚőŉŔŔš ŉŎŎōŋŜ ŖŗŚŕŉŔ ŊŝśőŖōśś ŗŘōŚŉŜőŗŖś ŗŎ ŜŐō īŗŕŘŉŖšŴ

Shareholding Structure of the Company Advanced Information Technology Public Company Limited (AIT)

55% Maple Plus Co.,Ltd.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Major Shareholders Top 10 major shareholders as of the latest book closing date as of 31 December 2011 Shareholder

No. of Shares a`Ųg`eŲafi fŲefcŲ`g` cŲgdaŲd`` cŲafgŲde`

aŴ ļŐō ķŗŖŜŗŚŖŘŉŖ įŚŗŝŘ Ůaů bŴ ļŐŉő ĶľĬĺ īŗŕŘŉŖš ĴőŕőŜōŌ cŴ ĵŚśŴ ĳőŖŏŘŗŚŖ ĻŗŘŋŐŗœōŋŐŉő dŴ ļŐō ĬŝŖŜŉŖŉśŉŚŖ įŚŗŝŘ Ůbů eŴ īőŜőŊŉŖœ ĶŗŕőŖōōś ĻőŖŏŉŘŗŚō ĸļĭ ĴŜŌŴ ų ĽĪĻ ĩį ĴŗŖŌŗŖ ĪŚŉŖŋŐųĶĺĪĻ ıĸĪ īŔőōŖŜ Ļĭį fŴ ļŐō ĺŉœŜŉŘŚŉŋŐőŜ įŚŗŝŘ Ůců gŴ ĵŚŴ ĪŗŗŖœőŉŜ ĽōśŝŌœőŒ hŴ ļŐō īŐŉŚŝŌőŔŉœŉ įŚŗŝŘ Ůdů iŴ ĵśŴ ĸŉŚŖŜőŘ ĴōœŕŉŖōō a`Ŵ ĪŚŗŗœōŚ īŉŘőŜŉŔ īŗŕŘŉŖš ĴőŕőŜōŌ

bŲffeŲb`` bŲcfdŲdbe bŲcbbŲh`` aŲcfbŲee` aŲ```Ų``` h`aŲi``

cŴie cŴe` cŴdd bŴ`b aŴdh aŴai

cbŲgfgŲhcc

dhŴeg

ķŜŐōŚ ĻŐŉŚōŐŗŔŌōŚś

aeŴhg iŴgc eŴee dŴg`

1. The Oontornpan Group comprises of

aŴ ĵŚŴ ĻőŚőŘŗŖŏ ķŗŖŜŗŚŖŘŉŖ bŴ ĵśŴ ĻŉśőŖōŜ ķŗŖŜŗŚŖŘŉŖ cŴ ĵŚŴ ĻőŖŉ ķŗŖŜŗŚŖŘŉŖ dŴ ĵśŴ ĻőŖŉŖŉŖŏ ķŗŖŜŗŚŖŘŉŖ eŴ ĵśŴ ĻŉŗşŉŔŝŋœ ķŗŖŜŗŚŖŘŉŖ fŴ ĵŚśŴ ĶōŜŖŉŘőŜ ķŗŖŜŗŚŖŘŉŖ gŴ ĵŚŴ ĻŝŚŉŜŐōŘ ķŗŖŜŗŚŖŘŉŖ Total

fŲaacŲ`d` bŲbcfŲe`` gieŲ``` ea`Ųgie dbeŲhe` ci`Ųge` bccŲbcd 10,705,169

iŴ`f cŴcb aŴah `Ŵgf `Ŵfc `Ŵeh `Ŵce 15.87

2. The Duntanasarn Group comprises of

aŴ ĵŚŴ īŐŗŌőşŉŜ ĬŝŖŜŉŖŉśŉŚŖ bŴ ĵŚŴ ĩŖŝŘŗŖŏ ĬŝŖŜŉŖŉśŉŚŖ Total

cŲ`ffŲfe` a``Ųh`` 3,137,450

dŴee `Ŵae 4.70

3. The Raktaprachit Group comprises of

aŴ ĵŚŴ ĻŝŚŉŘŗŚŖ ĺŉœŜŉŘŚŉŋŐőŜ bŴ ĵśŴ ļŐőŘŘŉšŉŋŐŉŜ ĺŉœŜŉŘŚŉŋŐőŜ cŴ ĵśŴ ĸŉśśŉŚŉ ĺŉœŜŉŘŚŉŋŐőŜ Total

aŲgdgŲabe f`cŲb`` adŲa``

bŴei `ŴŴhi `Ŵ`b

2,364,425

3.50

aŲaebŲee` ba`Ų```

aŴga `Ŵca

1,362,550

2.02

4. The Charudilaka Group comprises of

aŴ ĵŚśŴ ĻŗšśŗŖ īŐŉŚŝŌőŔŉœŉ bŴ ĵśŴ ĩŘőŘŗŚŖ īŐŉŚŝŌőŔŉœŉ Total

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Our Business Get to know the Business of Advanced Information Technology Public Company Limited İōŉŌřŝŉŚŜōŚōŌ őŖ ĪŉŖŏœŗœŲ ļŐŉőŔŉŖŌŲ ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌŲ ŗŚ ĩıļŲ őś ŉ ŔōŉŌőŖŏ ļŐŉő ĻšśŜōŕ ıŖŜōŏŚŉŜŗŚ ŉŖŌ ıīļ śŗŔŝŜőŗŖś ŘŚŗŞőŌōŚŴ Ŀō ŘŚŗŞőŌō ŋŗŕŘŔōŜō ıīļ śŗŔŝŜőŗŖś ŎŚŗŕĢ ŘŚŗŌŝŋŜ śŝŘŘŔš ŉŖŌ ŉŘŘŔőŋŉŜőŗŖśģ ŜŐŚŗŝŏŐ to complete turnkey projects; service contracts; and outsourcing schemes; and support both the private and the public sectors. ļŐō ŜōŚŕ ıīļ ŌōśŋŚőŊōś ŜŐō őŖŜōŏŚŉŜőŗŖ ŗŎ ŜŚŉŌőŜőŗŖŉŔ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ŮıļůŲ şŐőŋŐ ŏōŖōŚŉŔŔš ŕōŉŖś ŜŐō ŝśō ŗŎ ŋŗŕŘŝŜōŚśŲ śŜŗŚŉŏō ŉŖŌ ŖōŜşŗŚœ ŜōŋŐŖŗŔŗŏš Ŝŗ ŘŚŗŋōśś őŖŎŗŚŕŉŜőŗŖ ŗŚ ŌŉŜŉģ ŜŗŏōŜŐōŚ şőŜŐ ŕŗŌōŚŖ ŝŖőŎőōŌ ŋŗŕŕŝŖőŋŉŜőŗŖ ŜōŋŐŖŗŔŗŏőōś ų śŝŋŐ ŉś ŕŗŊőŔō ŖōŜşŗŚœśŲ ŜōŔōŘŐŗŖō ŔőŖōśŲ ŞŗőŋōŲ ŞőŌōŗ ŉŖŌ ŉŖš ŗŜŐōŚ ŜšŘō ŗŎ Ŗōş ŕōŌőŉŴ Our mission statement at AIT is ‘Your Success is Our Success’ and it’s a statement that we live by every day. Our ŏŗŉŔ őś Ŝŗ Ŋō ŜŐō ŋŗŕŘŔōŜō śŜŚŉŜōŏőŋ ŘŉŚŜŖōŚ ŎŗŚ ŗŝŚ ŋŝśŜŗŕōŚśŴ Ŀō ŐŉŞō ŜŐō œŖŗşŔōŌŏō ŉŖŌ ōŠŘōŚőōŖŋō Ŝŗ ŐōŔŘ ŗŝŚ ŋŔőōŖŜś Ŝŗ achieve their desired business outcomes and to improve their business performance through the implementation of our clever and effective ICT solutions.

Solutions The services provided by AIT range in scope from strategic advice and IT master planning; through purchasing support ŉŖŌ ŘŚŗŌŝŋŜ śŝŘŘŔšģ őŕŘŔōŕōŖŜŉŜőŗŖ ŉŖŌ ŋŗŕŕőśśőŗŖőŖŏģ ŉŖŌ ŉŔŔ ŜŐō şŉš Ŝŗ őŖŋŔŝŌō ŜŐō ŋŗŕŘŔōŜō ŕŉőŖŜōŖŉŖŋōŲ śŝŘŘŗŚŜŲ ŜŚŉőŖőŖŏ and managed services required. ĩıļ ŌōŎőŖōś īŗŚō ıīļ ŉś ŜŐō ŕŗśŜ Ŋŉśőŋ őŖŎŚŉśŜŚŝŋŜŝŚō ŋŗŕŘŗŖōŖŜśŲ ŉŖŌ şŐőŋŐ őŖŋŔŝŌōś śŝŋŐ ŚōřŝőŚōŕōŖŜś ŉś ŜŐō ŋŗŕŘŝŜōŚś ŉŖŌ śōŚŞōŚśŲ şőŚōŌ ŉŖŌ şőŚōŔōśś ŖōŜşŗŚœśŲ ŌŉŜŉ ŋōŖŜōŚśŲ ŋŗŕŘŔōŕōŖŜōŌ Ŋš ŎőŚśŜųőŖųŋŔŉśś ŊŝśőŖōśś śŗŔŝŜőŗŖśŴ ĩś ŉŖ ōŠŘōŚőōŖŋōŌ ıīļ śŗŔŝŜőŗŖ ŘŚŗŞőŌōŚ ŉŖŌ śšśŜōŕ őŖŜōŏŚŉŜŗŚŲ ĩıļ Őŉś ōśŜŉŊŔőśŐōŌ ŋŗŚō ıīļ ŋŉŘŉŊőŔőŜőōś őŖ ŉŔŔ ŞōŚŜőŋŉŔśŴ ļŐō ŎŗŔŔŗşőŖŏ őś ŒŝśŜ ŉ ŊŚőōŎ ŗŞōŚŞőōş ŗŎ ŜŐō ŋŗŕŘŗŖōŖŜś şŐőŋŐ şō śŝŘŘŔšŲ őŕŘŔōŕōŖŜ ŉŖŌ śŝŘŘŗŚŜĢ

Core Networking īŗŚō ĶōŜşŗŚœőŖŏ őś ŗŎŜōŖ ŉŔśŗ ŚōŎōŚŚōŌ Ŝŗ ŉś ŚŗŝŜőŖŏ ŉŖŌ śşőŜŋŐőŖŏŲ şŐőŋŐ őś ŉŜ ŜŐō ŞōŚš ŎŗŝŖŌŉŜőŗŖ ŗŎ ŉŔŔ ŋŗŕŘŝŜōŚ ŖōŜşŗŚœőŖŏŴ ĺŗŝŜőŖŏ ŉŖŌ śşőŜŋŐőŖŏ ŚōŎōŚś Ŝŗ ŎŗŚşŉŚŌ ŌŉŜŉ ŉŖŌ Şŗőŋō ŗŚ ŞőŌōŗ Řŉŋœŉŏōś şőŜŐőŖ ŗŖō ŖōŜşŗŚœ ŮśşőŜŋŐőŖŏů ŗŚ ŗŞōŚ ŞŉŚőŗŝś őŖŌőŞőŌŝŉŔ ŖōŜşŗŚœś ŮŚŗŝŜőŖŏůŴ ĩıļ Őŉś ŊŝőŔŌ ŕŉŖš ŋŗŚō ŖōŜşŗŚœś őŖŋŔŝŌőŖŏ ŖŉŜőŗŖşőŌō ŖōŜşŗŚœś ŎŗŚ śōŚŞőŋōś ŘŚŗŞőŌōŚś śŝŋŐ ŉś ļķļ ŉŖŌ īĩļŲ ŕōŜŚŗŘŗŔőŜŉŖ ŖōŜşŗŚœśŲ ŔŉŚŏō ŋŉŕŘŝś ŖōŜşŗŚœś ŎŗŚ ŕŉŒŗŚ ŝŖőŞōŚśőŜőōś ŉŖŌ ŔŉŚŏō śŋŉŔō ōŖŜōŚŘŚőśōśŲ ŉś şōŔŔ ŉś ŉŔŔ ŜšŘō ŗŎ şőŚōŔōśś ŖōŜşŗŚœśŴ Most of the IT infrastructure of the government and enterprise is growing across all levels and increasingly is becoming ŕŗŚō ŋŗŕŘŔōŠŴ ĴŉŚŏō ōŖŜōŚŘŚőśōś ŉŚō őŖŋŚōŉśőŖŏŔš śōŜŜőŖŏ ŝŘ ŋōŖŜŚŉŔőŢōŌ ŌŉŜŉ ŋōŖŜŚōś şŐőŋŐ ŉŚō ŊōőŖŏ śŝŘŘŗŚŜōŌ Ŋš ŏŔŗŊŉŔ network topologies and distributed storage management strategies. ĻŝŘŘŔšőŖŏ ŉŖŌ ŕŉŖŉŏőŖŏ ŜŐōśō ŎŉśŜ ōŞŗŔŞőŖŏ śōŜųŝŘś ŌōŕŉŖŌś ōŞŗŔŝŜőŗŖŉŚš ŘŚŗŋōśś ŎŚŉŕōşŗŚœśŲ ŋŚŗśśųŜōŋŐŖŗŔŗŏš ōŠŘōŚŜőśō ŉŖŌ ōŠŘōŚőōŖŋōŲ ŉŖŌ ŉŊŗŞō ŉŔŔŲ ŎŗŋŝśŴ ĿŗŚŔŌşőŌōŲ ŜŐō ŌōŕŉŖŌ ŎŗŚ ŖōŜşŗŚœ ŉŞŉőŔŉŊőŔőŜš ŉŖŌ ŊŉŖŌşőŌŜŐ őś ŚŉŘőŌŔš ŏŚŗşőŖŏŴ ĿŐŉŜ şŉś ŜōŠŜ šōśŜōŚŌŉš şőŔŔ Ŋō ŞőŌōŗ ŜŗŕŗŚŚŗşŴ Ŀō ŉŚō őŖ ŜŐō ŕőŌŌŔō ŗŎ ŜŐőś ŜŚŉŖśőŜőŗŖ ŉŖŌ ŗŝŚ ŋŝŚŚōŖŜ ŊŚŗŉŌŊŉŖŌ őś ŒŝśŜ ŜŐō ŊōŏőŖŖőŖŏŴ ĩıļ őś şōŔŔ ŘŚōŘŉŚōŌ Ŝŗ ŐōŔŘ its customers through this transition and into the future.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Unified Communication ĽŖőŎőōŌ ŋŗŕŕŝŖőŋŉŜőŗŖś ŮĽīů ŌōśŋŚőŊōś ŜŐō ŊŚŗŉŌ şōŉŔŜŐ ŗŎ őŖŜōŏŚŉŜōŌ śōŚŞőŋōś ŉŞŉőŔŉŊŔō śŝŋŐ ŉś őŖśŜŉŖŜ ŕōśśŉŏőŖŏŲ Ůıĸů ŜōŔōŘŐŗŖšŲ ŞőŌōŗ ŋŗŖŎōŚōŖŋőŖŏŲ ŜōŔōŘŚōśōŖŋōŲ őŖŜōŚŉŋŜőŞō şŐőŜōŊŗŉŚŌśŲ őŖŜōŏŚŉŜōŌ ŞŗőŋōŕŉőŔŲ ōųŕŉőŔŲ ĻĵĻ ŉŖŌ ŎŉŋśőŕőŔōŴ The integration of all these individual services onto one common platform and delivering a consistent unified user interface and ŝśōŚ ōŠŘōŚőōŖŋō ŉŋŚŗśś ŕŝŔŜőŘŔō ŌōŞőŋōśŲ őś ŉ œōš ŊŝśőŖōśś ōŖŉŊŔōŚŴ

IT Security Solutions ļŐō śōŋŝŚőŜš ŗŎ ŗŝŚ ŋŝśŜŗŕōŚÝś ıļ śšśŜōŕś Őŉś ŉŔşŉšś ŊōōŖ ŞőŜŉŔŔš őŕŘŗŚŜŉŖŜŴ ŁōŜŲ ŜŐō ŗŖŏŗőŖŏ ŜŚŉŖśőŜőŗŖ Ŝŗ ŖōŜşŗŚœōŌ economies and new paradigms such as cloud technologies makes securing our customer’s systems and data even that more important. Businesses are increasingly dependent on IT to facilitate their activities and thus protection against threats from ŐŉŋœōŚśŲ ŞőŚŝśōś ŉŖŌ ōŞōŖ ŜŐōőŚ ŗşŖ śŜŉŎŎ ŉŚō Ŗŗş ŉ œōš Ŏŗŋŝś ŉŚōŉ ŗŎ ŜŐō ıļ ŗŘōŚŉŜőŗŖŴ

Wireless Solutions ĿőŜŐ ŜŐō ŉŌŞōŖŜ ŗŎ ŖŗŜōŊŗŗœśŲ śŕŉŚŜ ŘŐŗŖōś ŉŖŌ ŕŗŚō ŚōŋōŖŜŔš ŜŉŊŔōŜ ŜōŋŐŖŗŔŗŏőōśŲ ŜŐō ŚōřŝőŚōŕōŖŜś ŎŗŚ şőŚōŔōśś ŉŋŋōśś ŐŉŞō ŉŔśŗ őŖŋŚōŉśōŌŴ ļŐőś ōŠŜŚŉ ŕŗŊőŔőŜš őś ŖŗŜ ŗŖŔš ŉ řŝōśŜőŗŖ ŗŎ ŋŗŖŞōŖőōŖŋōŲ ŊŝŜ ŉŔśŗ ŉŌŌś Ŝŗ ŜŐō ōŎŎőŋőōŖŋš ŗŎ ŜŐō śōŚŞőŋōś ŗŎŎōŚōŌ Ŋš ŕŉŖš ŗŎ ŗŝŚ ŋŝśŜŗŕōŚśŴ Ŀō ŐŉŞō ŗŖ ŐŉŖŌ ŉ ŞŉśŜ ŌōŘŜŐ ŗŎ ōŠŘōŚőōŖŋō őŖ ŌōśőŏŖőŖŏ ŉŖŌ őŕŘŔōŕōŖŜőŖŏ wireless networks throughout any enterprise. ĩıļ ŘŚŗŞőŌōś ōŖŜōŚŘŚőśōųŋŔŉśś şőŚōŔōśś śŗŔŝŜőŗŖś ŜŐŉŜ ŘŚŗŞőŌō ŊŗŜŐ ŎŔōŠőŊőŔőŜš ŉŖŌ ŕŗŊőŔőŜšŴ

Data Centers / Cloud Technologies ļŐō ıļ őŖŎŚŉśŜŚŝŋŜŝŚō ŗŎ ŕŗśŜ ōŖŜōŚŘŚőśōś őś ŏŚŗşőŖŏ ŉŜ ŉŔŔ ŔōŞōŔś ŉŖŌ őŖŋŚōŉśőŖŏŔš őś ŊōŋŗŕőŖŏ ŕŗŚō ŉŖŌ ŕŗŚō ŋŗŕŘŔōŠŴ Large enterprises are setting up centralized data centers which are being supported by global network topologies and distributed śŜŗŚŉŏō ŕŉŖŉŏōŕōŖŜ śŜŚŉŜōŏőōśŴ ļŗ śŝŘŘŔš ŉŖŌ ŕŉŖŉŏō śŝŋŐ ŚŉŘőŌŔš ŌōŞōŔŗŘőŖŏ őŖŎŚŉśŜŚŝŋŜŝŚōś ŌōŕŉŖŌś ŎŗŋŝśŲ ōŠŘōŚŜőśō ŉŖŌ ōŠŘōŚőōŖŋō őŖ ŋŚŗśśųŜōŋŐŖŗŔŗŏőōśŴ īŝŚŚōŖŜŔš ŕŉŖš ōŖŜōŚŘŚőśōś ŉŚō şōŔŔ ŗŖ ŜŐōőŚ şŉš őŖŜŗ ŉ śŗųŋŉŔŔōŌ ÜĲŗŝŚŖōš Ŝŗ ŜŐō īŔŗŝŌÝŴ ļŐőś ŌōśŋŚőŊōś ŜŐōőŚ ŉŌŗŘŜőŗŖ ŗŎ ŕŗŌōŚŖ ŋŔŗŝŌ ŜōŋŐŖŗŔŗŏőōśŲ şŐőŋŐ şőŔŔ ōŕŘŗşōŚ ŜŐōŕ őŖ ŉŌŞŉŖŋō ŗŎ ŞőŚŜŝŉŔőŢŉŜőŗŖ ŜōŋŐŖŗŔŗŏőōś ŉŖŌ ŘŚŗŞőŌō ŉŖ ōŉśőōŚ ŕōŉŖś ŗŎ śōŚŞőŋō ŘŚŗŞőśőŗŖőŖŏ ŉŖŌ ŗŘŜőŕőŢōŌ ŝśŉŏō ŗŎ ŐŉŚŌşŉŚō ŚōśŗŝŚŋōś ų śŝŋŐ ŉś ŜŐō şőŜŐ ŖōŜşŗŚœŲ śŜŗŚŉŏō ŉŖŌ ŋŗŕŘŝŜō ŚōśŗŝŚŋōśŴ ĩıļ Őŉś ŌōśőŏŖōŌŲ őŖśŜŉŔŔōŌ ŉŖŌ ŋŗŕŕőśśőŗŖōŌ ŉ ŖŝŕŊōŚ ŗŎ ŌŉŜŉ ŋōŖŜōŚś ŉŖŌ őś ŋŝŚŚōŖŜŔš ŉŌŞőśőŖŏ őŜś ŋŔőōŖŜś ŗŖ śŜŚŉŜōŏőōś Ŝŗ meet the emerging cloud paradigm.

Network Optimization ĶŗŖųŘōŚŎŗŚŕőŖŏ ŖōŜşŗŚœś ŉŚō ŜšŘőŋŉŔŔš ŗŖō ŗŎ ŜŐō ŔŉŚŏōśŜ ŋŗŖŜŚőŊŝŜŗŚś Ŝŗ ŜŐō ŌŉőŔš Üīıķ ŮīŐőōŎ ıŖŎŗŚŕŉŜőŗŖ ķŎŎőŋōŚů ŋŐŉŔŔōŖŏōÝŴ ĩ ŖōŜşŗŚœ ŜŐŉŜ őś ŖŗŜ ŘōŚŎŗŚŕőŖŏ őŖ ŔőŖō şőŜŐ ŜŐō ŊŝśőŖōśś ŚōřŝőŚōŕōŖŜ őś ŖŗŜ ŗŖŔš ŎŚŝśŜŚŉŜőŖŏ ŝśōŚśŲ ŊŝŜ ŗŎŜōŖ contributes to a slowdown in the overall effectiveness of the company. ĩıļ ŗŎŎōŚś ŖōŜşŗŚœ ŐōŉŔŜŐųŋŐōŋœś ŉŖŌ ŉŋŜőŞōŔš ōŖŏŉŏōś őŜś ŋŝśŜŗŕōŚś Ŝŗ Ōőśŋŝśś ŗŘŜőŗŖś ŎŗŚ ŘōŚŎŗŚŕŉŖŋō őŕŘŚŗŞōŕōŖŜś to really leverage a client’s IT investment.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Video Solutions ĶōŜşŗŚœś ŉŚō ŉŖ ōśśōŖŜőŉŔ ŘŉŚŜ ŗŎ ŊŝśőŖōśśŲ ōŌŝŋŉŜőŗŖŲ ŏŗŞōŚŖŕōŖŜŲ ŉŖŌ ŋŗŖśŝŕōŚ ŋŗŕŕŝŖőŋŉŜőŗŖśŴ ĵŉŖš ŚōśőŌōŖŜőŉŔŲ ŊŝśőŖōśśŲ ŉŖŌ ŕŗŊőŔō ıĸ ŖōŜşŗŚœőŖŏ ŜŚōŖŌś ŉŚō ŊōőŖŏ ŌŚőŞōŖ ŔŉŚŏōŔš Ŋš ŉ ŋŗŕŊőŖŉŜőŗŖ ŗŎ ŞőŌōŗŲ śŗŋőŉŔ ŖōŜşŗŚœőŖŏ ŉŖŌ ŉŌŞŉŖŋōŌ ŋŗŔŔŉŊŗŚŉŜőŗŖ ŉŘŘŔőŋŉŜőŗŖśŲ ŜōŚŕōŌ ßŞőśŝŉŔ ŖōŜşŗŚœőŖŏàŴ Video is ‘THE’ killer application on today’s internet and is consuming much of its available bandwidth. ĩıļ Őŉś ŉ ŋŗŕŘŔōŜō śōŜ ŗŎ ŞőŌōŗ śŗŔŝŜőŗŖś ŎŗŚ ōŖŜōŚŘŚőśō ŉŖŌ śōŚŞőŋō ŘŚŗŞőŌōŚśŲ ŚŉŖŏőŖŏ ŎŚŗŕ ŌőŏőŜŉŔ ŋŉŊŔō ļľ ŜŐŚŗŝŏŐ ľőŌōŗ īŗŖŎōŚōŖŋőŖŏ ŉŖŌ ōŞōŚšŜŐőŖŏ ōŔśōŲ őŖŋŔŝŌőŖŏ ıĸ ŊŉśōŌ īīļľŴ

Business Applications ĩŜ ŜŐō ōŖŌ ŗŎ ŜŐō ŌŉšŲ ŊŝśőŖōśś ŉŘŘŔőŋŉŜőŗŖś ŉŚō şŐŉŜ ŕŉŜŜōŚś ŕŗśŜ şŐōŖ őŜ ŋŗŕōś Ŝŗ ōŖŜōŚŘŚőśō őŖŎŗŚŕŉŜőŗŖ ŜōŋŐŖŗŔŗŏšŴ ĮŗŚ şőŜŐŗŝŜ ŜŐō ŉŘŘŔőŋŉŜőŗŖś ŉŖŌ ŌŉŜŉŲ ŕŗśŜ ıļ őŖŎŚŉśŜŚŝŋŜŝŚō őŖ ŜŐō ōŖŜōŚŘŚőśō şŗŚŔŌ şŗŝŔŌ Ŋō ŝŖŖōŋōśśŉŚšŴ Over the past twenty years AIT has selected and developed a complete range of business applications to suit the needs of our customers including: ä ĵŉŖŉŏōŕōŖŜ ıŖŎŗŚŕŉŜőŗŖ ĻšśŜōŕś ŮĵıĻŲ ĪıĻŲ ōŜŋŴů ä ļŚŉŖśŘŗŚŜŉŜőŗŖ ĻšśŜōŕś ŮļőŋœōŜőŖŏŲ ĺōśŗŝŚŋō ĸŔŉŖŖőŖŏŲ ōŜŋŴů ä įōŗŏŚŉŘŐőŋ ıŖŎŗŚŕŉŜőŗŖ ĻšśŜōŕś ŮįıĻů ä ķŘōŚŉŜőŗŖŉŔ ĻŝŘŘŗŚŜ ĻšśŜōŕś ŮķĻĻů ä ĪőŔŔőŖŏ ŉŖŌ īŐŉŚŏőŖŏ ĻšśŜōŕś ä ĭŖŜōŚŘŚőśō ĺōśŗŝŚŋō ĸŔŉŖŖőŖŏ Ůĭĺĸů ä īŝśŜŗŕōŚ ĺōŔŉŜőŗŖśŐőŘ ĵŉŖŉŏōŕōŖŜ Ůīĺĵů ä ĭŖŜōŚŘŚőśō ĩŘŘŔőŋŉŜőŗŖ ıŖŜōŏŚŉŜőŗŖ Ůĭĩıů ä ĭŌŝŋŉŜőŗŖŉŔ ĻšśŜōŕś ä ĭųįŗŞōŚŖŕōŖŜ ĻŝŘŘŗŚŜ ĻšśŜōŕśŲ ŉŖŌ ä ĵőŔőŜŉŚš ĩŘŘŔőŋŉŜőŗŖś ĩıļ Őŉś ŉ şōŉŔŜŐ ŗŎ ōŠŘōŚőōŖŋō ŉŖŌ ōŠŘōŚŜőśō őŖ ŐōŔŘőŖŏ őŜś ŋŝśŜŗŕōŚś şőŜŐĢ ä ıŌōŖŜőŎšőŖŏ ŉŖŌ ŌŗŋŝŕōŖŜőŖŏ ŜŐōőŚ ŊŝśőŖōśś ŚōřŝőŚōŕōŖŜś ä ĸŔŉŖŖőŖŏ ŌōŔőŞōŚš ŗŎ ŜŐō śŗŔŝŜőŗŖ ŉŖŌ ŊŝśőŖōśś ŊōŖōŎőŜś ä ĸŔŉŖŖőŖŏ ŎŗŚ őŖŜōŏŚŉŜőŗŖ ŗŎ ōŠőśŜőŖŏ śšśŜōŕś ä ĩśśőŏŖőŖŏ ŉŘŘŚŗŘŚőŉŜō śœőŔŔś ŉŖŌ ŚōśŗŝŚŋōśŲ ŊŗŜŐ ŉŜ ĩıļ ŉŖŌ ŜŐōőŚ ŋŔőōŖŜś ŋŗŕŘŉŖš ä ĩŘŘŔšőŖŏ ŘŚŗŞōŖ ŘŚŗŒōŋŜ ŕŉŖŉŏōŕōŖŜ ŕōŜŐŗŌśŲ ŉŖŌ ä īŗŖŜőŖŝŗŝśŔš ōŖśŝŚőŖŏ ŌōŔőŞōŚš ŗŎ ŊŝśőŖōśś ŊōŖōŎőŜś şőŜŐőŖ Ŝőŕō ŉŖŌ şőŜŐőŖ ŊŝŌŏōŜ

Overall Business Operations Ŀō ŉŚō ŋŉŔŔōŌ ßĻšśŜōŕ ıŖŜōŏŚŉŜŗŚà şŐŗ őś ŉ ŘōŚśŗŖ ŗŚ ŋŗŕŘŉŖš ŜŐŉŜ śŘōŋőŉŔőŢōś őŖ ŊŚőŖŏőŖŏ ŋŗŕŘŗŖōŖŜś ŉŖŌ śŝŊśšśŜōŕś together into a whole and ensuring that those subsystems function together and apply to each organization requirement in order to make its customers business more efficient and productive. Such bringing components and subsystems together are called solutions.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Supplier Hardware

System software

ä Computer ä Printer ä Scanner

ä Microsoft ä Security ä Databases ä Unix

Application Software

ä ERP(Enterprise Resource Planning) ä Billing & Charging System ä Geographic Information System ä Business Intelligence

Network

ä Core Networking ä Wireless ä Data Center ä Security ä Voice ä Video

AIT Solution

Customers

ĩś ŉ śšśŜōŕ őŖŜōŏŚŉŜŗŚ ŉŖŌ ıīļ śŗŔŝŜőŗŖ ŘŚŗŞőŌōŚŲ şō ŘŚŗŞőŌō ŜŗŜŉŔ śŗŔŝŜőŗŖś śŜŉŚŜőŖŏ ŎŚŗŕ ŋŗŖśŝŔŜőŖŏŲ ŌōśőŏŖőŖŏŲ őŖśŜŉŔŔŉŜőŗŖ ŉŖŌ őŕŘŔōŕōŖŜŉŜőŗŖŲ ĻŝŘŘŗŚŜőŖŏ Ŭ ĵŉőŖŜŉőŖŉŋō ŉŖŌ ļŚŉőŖőŖŏŴ ļŐō ŕōŖŜőŗŖōŌ ŘŚŗŋōśś őś ŉś ŎŗŔŔŗşśĢ

Consulting& Designing

Installation

Supporting & Maintenance

Training

AIT has successfully built and maintained some of the most challenging information systems in Thailand for major őŖŌŝśŜŚőōśģ ŉŖŌ őŜ Őŉś ŏŉőŖōŌ ŋŗŖśőŌōŚŉŊŔō ŌŗŕŉőŖ œŖŗşŔōŌŏō őŖ ŜŐō ŉŚōŉś ŗŎ įŗŞōŚŖŕōŖŜ ŉŖŌ ŜōŔōŋŗŕŕŝŖőŋŉŜőŗŖśŴ Ŀō ŉŚō ŉŊŔō Ŝŗ ŗŘōŚŉŜō ŉś ŉŖšŗŖō ŗŎ ŘŚőŕō ŋŗŖŜŚŉŋŜŗŚŲ ŋŗŖśŗŚŜőŝŕ ŕōŕŊōŚŲ śŝŊŋŗŖŜŚŉŋŜŗŚ ŗŚ ŉ ŌőśŋŚōŜō ŘŚŗŒōŋŜ ŕŉŖŉŏōŚ ų ŉŋŋŗŚŌőŖŏ Ŝŗ ŜŐō needs of the project.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

AIT offers: ä ŕŝŔŜőųŞōŖŌŗŚ śœőŔŔōŌ ŘōŗŘŔō şőŜŐ ŉ şōŔŔ ŊŉŔŉŖŋōŌ ŕőŠ ŗŎ ŋŗŚō ŋŗŕŘōŜōŖŋőōś ä ŉ ŊŚŗŉŌ ŘŗŚŜŎŗŔőŗ ŗŎ őŖŜōŚŖŉŜőŗŖŉŔŔš ŉŖŌ ŚōŏőŗŖŉŔŔš ŚōŋŗŏŖőŢōŌ ŊŚŉŖŌ ŘŚŗŌŝŋŜś ä œōš śŜŚŉŜōŏőŋ ŘŉŚŜŖōŚśŐőŘś ŉŖŌ ŉŔŔőŉŖŋōś ä śŜŚŗŖŏ ŎőŖŉŖŋőŉŔ ŋŉŘŉŊőŔőŜőōś ä ŊŚŗŉŌ ōŠŘōŚőōŖŋō őŖ ŕŉŖŉŏőŖŏ ŉŖšŜŐőŖŏ ŎŚŗŕ ŞōŚš śŕŉŔŔ Ŝŗ ŞōŚš ŔŉŚŏō ŘŚŗŒōŋŜśŲ ŉŖŌ ä ŉ ŘŚŗŞōŖ ŉŊőŔőŜš Ŝŗ ŕőŖőŕőŢō ŜōŋŐŖőŋŉŔŲ ŗŘōŚŉŜőŗŖŉŔ ŉŖŌ ŎőŖŉŖŋőŉŔ Śőśœś őŖ ŋŗŕŘŔōŠ ŘŚŗŒōŋŜś ĩıļ ŘŉŚŜŖōŚś şőŜŐ ŋŉŚōŎŝŔŔš śōŔōŋŜōŌ śŜŚŉŜōŏőŋ ŜōŋŐŖŗŔŗŏš ŘŉŚŜŖōŚś Ŝŗ ŘŚŗŞőŌō ŎőŚśŜųőŖųŋŔŉśś śŗŔŝŜőŗŖśģ őŖŋŔŝŌőŖŏ īőśŋŗ ĻšśŜōŕśŲ ķŚŉŋŔō ŵ ĻŝŖŲ ıĪĵŲ İĸŲ ĬōŔŔŲ ĩŋōŚŲ ĩŔŋŉŜōŔųĴŝŋōŖŜŲ ĩŝŜŗŌōśœŲ īŗŖŞōŚŏšśŲ ĻĩĸŲ ĵőŋŚŗśŗŎŜŲ ĶŗŞōŔŔŲ ĻšŖŖōŠ ŉŖŌ ĻšŕŉŖŜōŋ to name just a few of our strategic partnerships. ĪōśőŌōś ŗŝŚ ŐōŉŌřŝŉŚŜōŚś őŖ ĪŉŖŏœŗœŲ şō ŐŉŞō ŉ ŎŝŚŜŐōŚ śōŞōŖ Ůgů śōŚŞőŋōś ŋōŖŜōŚś śŜŚŉŜōŏőŋŉŔŔš ŔŗŋŉŜōŌ őŖ ŉŋŚŗśś ļŐŉőŔŉŖŌ őŖ īŐŗŖŊŝŚőŲ ĳŐŗŖœŉōŖŲ īŐőŉŖŏ ĵŉőŲ ĻŝŚŉŜŜŐŉŖőŲ ĸŐőŜśŉŖŝŔŗœŲ ĻŗŖŏœŐŔŉ ŉŖŌ ĶŉœŐŗŖ ĺŉŜŋŐŉśőŕŉŴ ļŐőś ōŖśŝŚōś ŜŐŉŜ şō provide proper project support throughout the country.

Maple Plus ķŖō œōš Ŏŗŋŝś ŉŚōŉ ŗŎ ĩıļ őś ŜŐō śŝŘŘŔš ŗŎ ŉŌŞŉŖŋōŌ ŏōŗŏŚŉŘŐőŋŉŔ őŖŎŗŚŕŉŜőŗŖ śšśŜōŕś ŮįıĻůŴ ĮŗŚ ŉ ŖŝŕŊōŚ ŗŎ šōŉŚś Ŗŗş ĩıļ Őŉś ŐōŔŌ ŉ eeū ŕŉŒŗŚőŜš őŖŜōŚōśŜ őŖ ĵŉŘŔō ĸŔŝś īŗŴŲ ĴŜŌŴŲ şőŜŐ ŜŐō ŊŉŔŉŖŋō ŗŎ deū ŊōőŖŏ ŐōŔŌ Ŋš ŉ ŏŚŗŝŘ ŗŎ şōŔŔ ōŠŘōŚőōŖŋōŌ ŉŖŌ ŘŚŗŎōśśőŗŖŉŔ įıĻ ŘōŚśŗŖŖōŔŴ Maple Plus was specifically established to develop GIS systems for the Thai market and today many renowned ŋŗŕŘŉŖőōśŲ śŝŋŐ ŉś ļķļŲ ŜŐō ĸŚŗŞőŖŋőŉŔ ĿŉŜōŚşŗŚœś ĩŝŜŐŗŚőŜš ŉŖŌ ŜŐō ĬōŘŉŚŜŕōŖŜ ŗŎ ĴŉŖŌś ŉŚō ŉŕŗŖŏ ĵŉŘŔōÝś ŔōŉŌőŖŏ customers.

Revenue Structure of Advanced Information Technology Public Company Limited Unit: million Baht 2009

2010

Baht aŴ ĻŉŔōś ŉŖŌ śōŚŞőŋōś ŚōŞōŖŝōś 2. Rental and service from equipment for lease 3. Others Total

Baht

2011 %

Baht

cŲhdcŴde

iiŴadū

dŲeaiŴii

iiŴ`aū

dŲgbcŴhg

igŴib

27.78 5.61 3,876.51

0.72% 0.14%

18.89 26.43 4,564.31

0.41% 0.58%

65.67 34.43 4,823.97

1.36 0.71

Business Objectives / Mission / Vision Business Objectives in 2011

The Company’s business objectives for the year 2011 were determined to be as follows: ä īŗŖŜőŖŝŗŝśŔš ŕŉőŖŜŉőŖ ŉŖŌ śŝśŜŉőŖ ĩıļÝś ŋŝśŜŗŕōŚ ŊŉśōŲ śŝŋŐ ŉś ļķļŲ īĩļŲ ŏŗŞōŚŖŕōŖŜ ŉŏōŖŋőōś ŉŖŌ śŜŉŜō ŗşŖōŌ enterprises and private enterprises

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä ä ä ä ä ä ä

ĭŖŔŉŚŏō ŜŐō ŋŝśŜŗŕōŚ ŊŉśōŲ şŐőŔō ōŖśŝŚőŖŏ ŜŐŉŜ ōŉŋŐ ŋŝśŜŗŕōŚ őś ŐőŏŐŔš śŉŜőśŎőōŌ şőŜŐ ĩıļÝś ŘŚŗŌŝŋŜś ŉŖŌ śōŚŞőŋōś ĻŜŉŚŜŝŘ ĩıļ ļŚŉőŖőŖŏ ĽŖőŜ ŉś ŘŉŚŜ ŗŎ ŜŐō śŜŚŉŜōŏőŋ ŘŔŉŖ ĮŝŚŜŐōŚ ŊŝőŔŌ ŉŖŌ ŝśō ŜŐō őŖŜōŚŖŉŔ ĳōš ĸōŚŎŗŚŕŉŖŋō ıŖŌőŋŉŜŗŚ Ůĳĸıů śšśŜōŕ ıŖŋŚōŉśō ŊŝśőŖōśś ŘŉŚŜŖōŚś Ŝŗ ōŖŐŉŖŋō ŊŝśőŖōśś śŜŉŊőŔőŜš ĭŖŐŉŖŋō ŗŘōŚŉŜőŖŏ ōŎŎőŋőōŖŋš Ŝŗ ŉŋŋŗŕŕŗŌŉŜō ŉŖ ōŠŘŉŖśőŗŖ ŗŎ śōŚŞőŋōś ıŕŘŚŗŞō ŐŝŕŉŖ ŚōśŗŝŚŋō ōŎŎőŋőōŖŋšŲ ŉŖŌ ıŖŋŚōŉśō ŋŗŚŘŗŚŉŜō śŗŋőŉŔ ŚōśŘŗŖśőŊőŔőŜőōś ŮīĻĺů

Vision AIT is committed to be the premier ICT solution provider across our target markets. The Company is consistently ŉŋŐőōŞőŖŏ ōŠŋōŔŔōŖŜ ŎőŖŉŖŋőŉŔ ŉŖŌ ŗŘōŚŉŜőŖŏ ŚōśŝŔŜśŴ ķŝŚ œōš ŌőŎŎōŚōŖŜőŉŜŗŚ őś őŖ ŗŝŚ œōš ŉśśōŜ ų ŗŝŚ ŘōŗŘŔōŧ Ŀō ŐŉŞō ōśŜŉŊŔőśŐōŌ ŉ Ŝōŉŕ ŗŎ ŐőŏŐŔš ŕŗŜőŞŉŜōŌ ŘŚŗŎōśśőŗŖŉŔś şŐŗ ŉŚōŲ ŌōŌőŋŉŜōŌ Ŝŗ ŜŐō śŝŋŋōśś ŗŎ ŗŝŚ ŋŝśŜŗŕōŚś ŉŖŌ ŜŐōőŚ ŊŝśőŖōśśōśŴ ķŘōŚŉų ŜőŗŖŉŔ ōŠŋōŔŔōŖŋō ŏŗŞōŚŖś ōŉŋŐ ŗŎ ŜŐō ŉŌŕőŖőśŜŚŉŜőŞō ŝŖőŜś ŗŎ ĩıļ ŉś şō śŜŚőŞō Ŝŗ Ŋō ŜŐō ŊōśŜ ŉŜ şŐŉŜ şō ŌŗŲ ŊŗŜŐ őŖŜōŚŖŉŔŔš ŉŖŌ ōŠŜōŚŖŉŔŔšŴ Your Success is our Success

Mission The AIT mission is to make our Vision become a reality. Our ability to meet our Vision will be through the dedication ŉŖŌ ŉŋŐőōŞōŕōŖŜś ŗŎ ŗŝŚ ŘōŗŘŔōŲ ŜŐŚŗŝŏŐĢ 1. Designing and delivering the best ICT solutions and services for our customers to enable them to achieve their goals bŴ ĻŝśŜŉőŖőŖŏ ŉŖŌ ŌōŞōŔŗŘőŖŏ ŗŝŚ ōŠőśŜőŖŏ ŋŝśŜŗŕōŚ Ŋŉśō 3. Growing our home market by enlarging our customer base 4. Engaging in Regional Business in South East Asia 5. Increasing our business partners to enhance diversity fŴ īŗŖŜőŖŝŗŝśŔš őŕŘŚŗŞőŖŏ ŗŝŚ ŘŚŗŋōśśōś Ŝŗ ŗŘŜőŕőŢō ōŎŎőŋőōŖŋš ŉŖŌ ŕŉŠőŕőŢō ŗŞōŚŉŔŔ ŊōŖōŎőŜś şŐőŔō ŕőŖőŕőŢőŖŏ ŜŐō ŋŗśŜ ŗŎ ŗŝŚ ŗŘōŚŉŜőŗŖśŲ ŉŖŌ gŴ ĮŝŚŜŐōŚ ŌōŞōŔŗŘőŖŏ ŗŝŚ ĳōš ĸōŚŎŗŚŕŉŖŋō ıŖŌőŋŉŜŗŚś ŜŗĢ ų ōŎŎōŋŜőŞōŔš ŕŗŖőŜŗŚ ŉŖŌ śŜōōŚ ŗŝŚ ŊŝśőŖōśś ŗŘōŚŉŜőŗŖśŲ ŉŖŌ ų ŚōşŉŚŌ ŉŖŌ ŕŗŜőŞŉŜō őŖ ŉŋŋŗŚŌŉŖŋō şőŜŐ ŊŗŜŐ őŖŌőŞőŌŝŉŔ ŉŖŌ Ŝōŉŕ ŘōŚŎŗŚŕŉŖŋōś

Nature of Business Operations AIT is a leading Thai System Integrator and ICT Solution provider and as such the Company operates its business according to well structured and proven methodologies in:

Product Sales and Services ĸŚŗŌŝŋŜ ĻŉŔōś ŉŖŌ ĻōŚŞőŋōś ŜŚŉŌőŜőŗŖŉŔŔš őś ŜŐō ŋŗŚō ŊŝśőŖōśś ŗŎ ĩıļŴ Ŀō ŚōśōŔŔ śŗŔŝŜőŗŖś ŎŚŗŕ ŗŝŚ śŜŚŉŜōŏőŋ ŘŉŚŜŖōŚśŲ ŉŖŌ add value to these products and solutions through our Services Unit. Project work is a large part of our business and can be categorized in two main focuses: projects with a bidding process ŗŚ ŌőŚōŋŜ śŉŔōśŴ ıŖ ŊŗŜŐ śŋōŖŉŚőŗśŲ ĩıļ ŋŗŖŜőŖŝŗŝśŔš śŜŚőŞōś Ŝŗ ŕŉőŖŜŉőŖ ŉşŉŚōŖōśś ŗŎ őŜś ŋŝśŜŗŕōŚśÝ ŖōōŌś ŉŖŌ ŚōřŝőŚōŕōŖŜś ŉŖŌ Ŝŗ ŋŔōŉŚŔš ŉŌŞőśō ŗŖ ŜōŋŐŖŗŔŗŏőŋŉŔ ŉŌŞŉŖŋōś ŉŖŌ Ŗōş ÜŊōśŜ ŘŚŉŋŜőŋōśÝģ ŉŖŌ őŖ ŜŐőś şŉšŲ ĩıļÝś ŋŝśŜŗŕōŚś ŋŉŖ ŋŔōŉŚŔš understand and utilize the very latest in ICT technologies. Understanding the customer’s business and the project requirements őŖ ŏŚōŉŜ ŌōŜŉőŔ őś ŜŐō œōš Ŝŗ ŗŝŚ śŝŋŋōśś őŖ ŘŚŗŒōŋŜ ŌōŔőŞōŚš ŉŖŌ ŋŝśŜŗŕōŚ śŉŜőśŎŉŋŜőŗŖŴ Ŀō ŗŘōŚŉŜō ŐőŏŐŔš śœőŔŔōŌ Ŝōŉŕś ŗŎ śŉŔōś ŉŖŌ ŘŚōųśŉŔōś ŘōŗŘŔō Ŝŗ ōŖśŝŚō ŜŐŉŜ ŜŐō ŘŚŗŒōŋŜ ŚōřŝőŚōŕōŖŜś ŉŚō ŋŔōŉŚŔš ŝŖŌōŚśŜŗŗŌ ŉŖŌ ŜŐŉŜ ŜŐō ŋŝśŜŗŕōŚ ŉŔśŗ ŝŖŌōŚśŜŉŖŌś precisely what solution AIT is proposing to deliver.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ķŖŋō ŜŐō ŘŚŗŒōŋŜ őś ŉşŉŚŌōŌ Ŝŗ ĩıļŲ ŗŝŚ ŘŚŗŒōŋŜ ŕŉŖŉŏōŕōŖŜ ŗŎŎőŋō Ŝŉœōś ŚōśŘŗŖśőŊőŔőŜš ŎŗŚ ŘŚŗŘōŚ ŉŖŌ ŋŗŕŘŔōŜō ŘŚŗŒōŋŜ delivery and implementation. The project managers have full access to our vast team of skilled and certified engineers; and ŜŐōš ŎŗŔŔŗş şōŔŔ ŌōŎőŖōŌ ŘŚŗŒōŋŜ ŕŉŖŉŏōŕōŖŜ ŕōŜŐŗŌś ŉŖŌ ŊōśŜ ŘŚŉŋŜőŋōś Ŝŗ ōŖśŝŚō ŘŚōŋőśō ōŠōŋŝŜőŗŖ ŗŎ ŜŐō ŘŚŗŒōŋŜ ŘŔŉŖŴ ļŐőś is another key foundation to AIT’s project successes. Our projects range from in value from just a few hundred thousand Baht to many hundreds of million Baht; which is ŌőŚōŋŜŔš ŘŚŗŘŗŚŜőŗŖŉŔ Ŝŗ ŜŐō śőŢō ŗŎ ŗŝŚ ŋŝśŜŗŕōŚśŲ şŐŗ ŚŉŖŏō ŎŚŗŕ śŕŉŔŔ ōŖŜōŚŘŚőśōś ŜŐŚŗŝŏŐ Ŝŗ ĮŗŚŜŝŖō e`` ŏŔŗŊŉŔ ŉŋŋŗŝŖŜś ŉŖŌ ŔŉŚŏō ŏŗŞōŚŖŕōŖŜ ŉŏōŖŋőōśŴ ĩŎŜōŚ ŜŐō ŘŚŗŒōŋŜ ŌōŔőŞōŚšŲ őŕŘŔōŕōŖŜŉŜőŗŖ ŉŖŌ ŋŗŕŕőśśőŗŖőŖŏŲ ĩıļ şőŔŔ ŋŗŕŕōŖŋō őŜś ŉŎŜōŚųśŉŔōś support services.

Support and Maintenance Services ļŐō ĩıļ īŉŚōd őś ŉ ŎŔōŠőŊŔōŲ ŕŝŔŜőųŎŉŋōŜōŌ śŝŘŘŗŚŜ ŉŖŌ ŕŉőŖŜōŖŉŖŋō ŘŚŗŏŚŉŕ şŐőŋŐ şőŔŔ Ŋō ŌōśőŏŖōŌ Ŝŗ ōŠŉŋŜŔš ŕōōŜ ŜŐō ŗŖŏŗőŖŏ śŝŘŘŗŚŜ śōŚŞőŋōś ŚōřŝőŚōŌ Ŋš ŗŝŚ ŋŝśŜŗŕōŚśŴ ĿŗŚœőŖŏ şőŜŐ ĩıļ ŕōŉŖś şŗŚœőŖŏ şőŜŐ ŜŐō ŊōśŜ őŖ ŜŐō őŖŌŝśŜŚšŴ ĿőŜŐ ŉŔŕŗśŜ b` šōŉŚś ŗŎ ōŠŘōŚőōŖŋō őŖ ŌōśőŏŖőŖŏŲ őŕŘŔōŕōŖŜőŖŏŲ ŗŘŜőŕőŢőŖŏ ŉŖŌ ŕŉőŖŜŉőŖőŖŏ ŖōŜşŗŚœśŲ śōŚŞōŚś ŉŖŌ śŗŎŜşŉŚō śŗŔŝŜőŗŖśŲ ĩıļ is the service partner our customer’s need.

The AIT Care4 program provides: ä ĸŚŗŜōŋŜőŗŖ ŎŚŗŕ ŝŖşŉŖŜōŌ ŌŗşŖŜőŕō ä ĩŔşŉšśųŉŞŉőŔŉŊŔō śŝŘŘŗŚŜ śōŚŞőŋōś ä ĬőŚōŋŜ ŉŋŋōśś Ŝŗ ōŖŏőŖōōŚś şŐŗ œŖŗş šŗŝŚ śšśŜōŕ ŉŖŌ őŖśŜŉŔŔ Ŋŉśō ä ļŚŉŖśŘŉŚōŖŜ őŖŋőŌōŖŜ ŐŉŖŌŔőŖŏ ä ĶŉŜőŗŖşőŌō ŋŗŞōŚŉŏō ŉŖŌ śŝŘŘŗŚŜ ŋōŖŜōŚśŲ ŉŖŌ ä ĸŚōŌőŋŜŉŊŔō ŋŗśŜśŴ Our Care4 program consists of ITIL aligned business processes to ensure consistency in our service delivery: ä īŉŔŔ īōŖŜōŚ ä ıŖŋőŌōŖŜ ĵŉŖŉŏōŕōŖŜ ä īŐŉŖŏō ĵŉŖŉŏōŕōŖŜ ä ıŖśŜŉŔŔ Īŉśō ĵŉŖŉŏōŕōŖŜ ä ĻŘŉŚō ĸŉŚŜ ĴŗŏőśŜőŋś ä ĺōśŗŝŚŋō ĩŔŔŗŋŉŜőŗŖ ä ĺōŕŗŜō ŉŖŌ ķŖŔőŖō ĵŗŖőŜŗŚőŖŏ ä ĩśśōśśŕōŖŜś ŉŖŌ ÜİōŉŔŜŐ īŐōŋœśÝŲ ŉŖŌ ä ĴőŋōŖśō ĵŉŖŉŏōŕōŖŜ

Managed Services ĽŖŌōŚ ŜŐō ĩıļ ĵŉŖŉŏōŌ ĻōŚŞőŋōś ŗŘŜőŗŖ ŗŝŚ ŋŝśŜŗŕōŚś şőŔŔ ŜŚŉŖśŎōŚ ŜŐōőŚ ŌŉšųŜŗųŌŉš ŕŉŖŉŏōŕōŖŜ ŚōśŘŗŖśőŊőŔőŜőōś Ŝŗ ŝś ŉś ŜŐōőŚ śŜŚŉŜōŏőŋ ŘŉŚŜŖōŚŴ ļŐőś ōŖśŝŚōś őŕŘŚŗŞōŌŲ ōŎŎōŋŜőŞō ŉŖŌ ōŎŎőŋőōŖŜ ŗŘōŚŉŜőŗŖś őŖŋŔŝŌőŖŏ ŘŚŗŌŝŋŜőŗŖ śŝŘŘŗŚŜŲ ŊŝőŔŌ ŉŖŌ ŔőŎōŋšŋŔō ŕŉőŖŜōŖŉŖŋō ŉŋŜőŞőŜőōśŴ ĩıļ ĵŉŖŉŏōŌ ĻōŚŞőŋōś ŋŉŖ Ŋō ŗŎŎōŚōŌ ŎŗŚ ŋōŚŜŉőŖ ŌōŎőŖōŌ ŘŉŚŜś ŗŚ ŜŐō şŐŗŔō őŖŎŚŉśŜŚŝŋŜŝŚōŲ śŝŋŐ ŉśĢ ä ĵŉŖŉŏōŌ ıļ ıŖŎŚŉśŜŚŝŋŜŝŚō ä ĵŉŖŉŏōŌ ĶōŜşŗŚœ ıŖŎŚŉśŜŚŝŋŜŝŚō ä ĵŉŖŉŏōŌ ĻōŋŝŚőŜšŲ ŉŖŌ ä ĵŉŖŉŏōŌ īŗŕŕŝŖőŋŉŜőŗŖś Ůľŗıĸů

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Over the years there has been a clear shift in the needs of our customers when it comes to Managed Services. Years ŉŏŗŲ ŖōŜşŗŚœ ŕŉőŖŜōŖŉŖŋō ŎŗŚ ōŠŉŕŘŔōŲ şŉś ŗŎŜōŖ śōōŖ ŉś śŗŕōŜŐőŖŏ ŜŐŉŜ şŉś ŕŉŖŌŉŜŗŚš Ŝŗ ŊŝšŲ šōŜ ŜšŘőŋŉŔŔš ŜŐō śōŚŞőŋō ŘŚŗŞőŌōŚ şŉś ŖŗŜ ŌōŔőŞōŚőŖŏ ŉŖš ŞŉŔŝōŴ Ŀō Ōŗ ŜŐőŖŏś ŌőŎŎōŚōŖŜŔš ŉŖŌ ŐōŔŘ ŗŝŚ ŋŝśŜŗŕōŚś Ŝŗ ŝŖŌōŚśŜŉŖŌ ŜŐŉŜ ŐŉŞőŖŏ ŉ ŘŚŗŘōŚŔš ŚŝŖŖőŖŏ ŉŖŌ ŘōŚŎŗŚŕőŖŏ ŖōŜşŗŚœ őś ŞőŜŉŔ Ŝŗ ŜŐō ōŎŎōŋŜőŞōŖōśś ŗŎ ŜŐōőŚ ŊŝśőŖōśśŲ ŉŖŌ ŜŐŉŜ ŝŖŘŔŉŖŖōŌ ŌŗşŖŜőŕō ŉŔśŗ ŕōŉŖś ŜŐŉŜ ŜŐōőŚ ŊŝśőŖōśś ŋŉŖŖŗŜ ŋŗŖŜőŖŝō ŘŚŗŘōŚŔš ų ŉŖŌ ŜŐŉŜ ŜŐőś şőŔŔ ŌőŚōŋŜŔš őŕŘŉŋŜ ŜŐōőŚ ŊŗŜŜŗŕ ŔőŖō ŚōśŝŔŜśŴ ĵŉőŖŜŉőŖőŖŏ ŜŐō ıļ őŖŎŚŉśŜŚŝŋŜŝŚō Őŉś Ŋōŋŗŕō ŉ ŞōŚš ŋŗŕŘŔōŠ ŝŖŌōŚŜŉœőŖŏ ŉŖŌ ŜŐō ŚōřŝőŚōŕōŖŜś ŘŔŉŋōŌ ŗŖ ōŕŘŔŗšōōś has increased considerably. Managing multiple vendors and integration partners is time consuming and often troublesome. ĩ ŕŗŌōŚŖ ĵŉŖŉŏōŌ ĻōŚŞőŋō ŋŗŕŘŉŖš Ŕőœō ĩıļ Ŝŉœōś ŉşŉš ŜŐō ŊŝŚŌōŖ ŗŎ ŝŖŌōŚŜŉœőŖŏ ŜŐőś ŋŗŕŘŔōŠ ŉŋŜőŞőŜš ŎŚŗŕ ŗŝŚ ŋŝśŜŗŕōŚÝś valuable IT resources and ensures that they have a properly performing infrastructure at all times.

Training Services ĶŗşŲ ŕŗŚō ŜŐŉŖ ōŞōŚŲ ŜōŋŐŖŗŔŗŏš őś ŋŐŉŖŏőŖŏ ŜŐō şŉš şō Ōŗ ŊŝśőŖōśś ŉŖŌ ŌŉšųŜŗųŌŉš şŗŚœŴ ļōŋŐŖŗŔŗŏš őś ŗŞōŚŋŗŕőŖŏ şŐŉŜ ŝśōŌ Ŝŗ ōŖŌ ŉŜ ŜŐō ŖŉŜőŗŖś ŊŗŝŖŌŉŚőōśģ ŉŖŌ ŋŗŕŘŉŖőōś ŖōōŌ ŜŉŔōŖŜōŌ ŘōŗŘŔō şőŜŐ ŜŐō śœőŔŔś ŉŖŌ œŖŗşųŐŗş Ŝŗ ŎŝŚŜŐōŚ ŌŚőŞō their business forward into these newly globalized networked economies. ļŉœō ŉ Ŕŗŗœ ŉŚŗŝŖŌŲ ŜōŋŐŖŗŔŗŏš őś ōŞōŚšşŐōŚōŲ ŎŚŗŕ ŏŗŞōŚŖŕōŖŜ ŉŏōŖŋőōśŲ Ŝŗ ōŌŝŋŉŜőŗŖ ıŖśŜőŜŝŜőŗŖśŲ ŉŖŌ ŎŚŗŕ ŎŉŋŜŗŚőōś Ŝŗ ŐŗśŘőŜŉŔśŴ ĪŉśőŋŉŔŔš ŉŔŔ ŊŝśőŖōśśōś Ŗŗş ŉŚō ŐŉŚŞōśŜőŖŏ ŜŐō ŘŗşōŚ ŗŎ ŖōŜşŗŚœśŴ ĿōŔŔ ŜŚŉőŖōŌ ŘōŗŘŔō ŚōśŗŝŚŋōś ŉŚō ŖōōŌōŌŲ ŖŗŜ ŗŖŔš Ŝŗ ŌōŔőŞōŚ ŜŐō śŗŔŝŜőŗŖśŲ ŊŝŜ ŉŔśŗ Ŝŗ ŕŉőŖŜŉőŖ ŜŐō ŝŖŌōŚŔšőŖŏ őŖŎŚŉśŜŚŝŋŜŝŚō ŗŖŋō őŜ őś őŖ ŘŔŉŋōŴ ĿŐōŜŐōŚ ŗŝŚ ŋŝśŜŗŕōŚś ŉŚō ŌōśőŏŖőŖŏ ŉŖŌ őŕŘŔōŕōŖŜőŖŏ īőśŋŗųŊŉśōŌ ŖōŜşŗŚœ śŗŔŝŜőŗŖśŲ ŗŚ őŎ ŜŐōš ŉŚō ŚŝŖŖőŖŏ ŉ ŔŉŚŏō ŋŗŚŘŗŚŉŜō ŖōŜşŗŚœŲ ŜŐō ĩıļ īőśŋŗ īōŚŜőŎőōŌ ļŚŉőŖőŖŏ īōŖŜōŚ Ůĩīīļīů őś ŜŐōŚō Ŝŗ ŜŚŉőŖ ŜŐōőŚ Ŝōŉŕś Ŝŗ Ŋō ŚōŉŌš ŎŗŚ ŗŝŚ ŋŔőōŖŜÝś future servicing demands.

Industry and Competition ICT Industry 2011 Review and 2012 Outlook ļŗşŉŚŌś ŜŐō ōŖŌ ŗŎ bàaŲ ŜŐō ıīļ őŖŌŝśŜŚš şŉś ŔŉŚŏōŔš ŉŎŎōŋŜōŌ Ŋš ŜŐō ŌōŞŉśŜŉŜőŖŏ ŎŔŗŗŌ ŜŐŉŜ śŜŉŚŜōŌ Ŝŗ ŐőŜ ļŐŉőŔŉŖŌ őŖ ĹcŴ ļŐō ĭŝŚŗ ŢŗŖō ŜŝŚŕŗőŔ ŉś şōŔŔ ŉś ŜŐō ĽĻ ŎőŖŉŖŋőŉŔ ŋŚőśőś ŘŝŜ ŎŝŚŜŐōŚ śŜŚōśś ŗŖ ļŐŉő ōŠŘŗŚŜś ŉŖŌ őŖŞōśŜŕōŖŜś őŖŜŗ ļŐŉőŔŉŖŌŴ ĬŗŕōśŜőŋŉŔŔšŲ şō śŉş ŜŐō ŏŗŞōŚŖŕōŖŜ ŋŗŖŜőŖŝō şőŜŐ őŜś śŜŉŜōŌ śŜŚŗŖŏ ŋŗŕŕőŜŕōŖŜ Ŝŗ ŊŝőŔŌőŖŏ ŉ śŝśŜŉőŖŉŊŔō ıīļ őŖŎŚŉśŜŚŝŋŜŝŚō őŖ ļŐŉőŔŉŖŌ őŖ ŗŚŌōŚ Ŝŗ ŎŉŋőŔőŜŉŜō ŊŝśőŖōśś ŏŚŗşŜŐŲ ōŌŝŋŉŜőŗŖŲ ōųŏŗŞōŚŖŕōŖŜ ŉŖŌ śŗŋőŉŔ şōŔŎŉŚōŴ ļŐőś ŕōŉŖŜ ŜŐŉŜ ŜŐō ŏŗŞōŚŖŕōŖŜ stayed in line with the previously published ICT plans for Thailand. ļŐō ŋŐŉŖŏō ŗŎ įŗŞōŚŖŕōŖŜ őŖ ŕőŌųšōŉŚ bàaśŉş śŗŕō Ŗōş ŘŚŗŒōŋŜ ŉŖŖŗŝŖŋōŕōŖŜśŲ şŐőŋŐ şōŚō őŖ ŉŌŌőŜőŗŖ Ŝŗ ŜŐō ŋŗŖŜőŖŝōŌ ŌōŞōŔŗŘŕōŖŜ ŗŎ ŊŚŗŉŌŊŉŖŌ ıŖŜōŚŖōŜŲ Įļļŀ ŉŖŌ ŗŜŐōŚ ŘŚŗŒōŋŜśŴ cį ŘŚŗŒōŋŜś ŉŖŌ ŉŝŋŜőŗŖś ŌőŌ ŖŗŜ ŎŝŔŔš ŐŉŘŘōŖ ŉŖŌ ŜŐō ŔőŋōŖśőŖŏ ŘŚŗŋōśś őś Ŗŗş śŋŐōŌŝŔōŌ Ŝŗ śŜŉŚŜ őŖ ĹaŲ bàb ŉŜ the earliest. ļŐō ŋŔŗŝŌ ŘŉŚŉŌőŏŕ ŌőŌ ŖŗŜ šōŜ ōŖŜōŚ ļŐŉőŔŉŖŌŲ ŉś ĭŖŜōŚŘŚőśōś ŐōŔŌ Ŋŉŋœ ŜŐōőŚ ıļ śŘōŖŌőŖŏ ŗŞōŚ ŋŗŖŋōŚŖś ŉś Ŝŗ şŐŉŜ şŗŝŔŌ ŐŉŘŘōŖ ŘŗŔőŜőŋŉŔŔšŴ ĪŚőŖŏųŁŗŝŚųķşŖųĬōŞőŋōŲ ŜŐŚŗŝŏŐ ŜŐō ŊŗŗŕőŖŏ śŉŔō ŗŎ ŘōŚśŗŖŉŔ ŋŗŕŘŝŜőŖŏ ŌōŞőŋōśŲ śŝŋŐ ŉś ļŉŊŔōŜś ŉŖŌ ĻŕŉŚŜ ĸŐŗŖōśŲ śŜŉŚŜōŌ Ŝŗ ŘŝŜ śōŋŝŚőŜš ŋŐŉŔŔōŖŏōś őŖ ŎŚŗŖŜ ŗŎ ŕŉŖš īıķÝś őŖ ļŐŉőŔŉŖŌŴ ķŞōŚŉŔŔ ŜŐō ļŐŉő ıīļ ŕŉŚœōŜ ŏŚōş ŉ śŗŔőŌ bgŴhūŰ őŖ bàaŲ şőŜŐ ŋŗŕŘŝŜōŚ śōŚŞőŋōś ŗŖŋō ŉŏŉőŖ ŘőŋœőŖŏ ŝŘ ŕŗŕōŖŜŝŕŴ ĿŐőŔśŜ ļŐŉőŔŉŖŌ ŕŗśŜ ŔőœōŔš şőŔŔ Ŋō ŝŖŉŊŔō Ŝŗ őŖśŝŔŉŜō őŜśōŔŎ ŎŚŗŕ ŉŖ ōŠŘōŋŜōŌ ŋŗŖŜŚŉŋŜőŗŖ őŖ ĭŝŚŗŘō ŉŖŌ ŋŗŖŜőŖŝŗŝś ōŋŗŖŗŕőŋ ŜŚŗŝŊŔō őŖ ŜŐō ĽĻ őŖ bàbŲ ŜŐō ŉŎŜōŚŕŉŜŐ ŗŎ ŜŐō Ĺc ŉŖŌ Ĺd ŎŔŗŗŌ şőŔŔ ŚōřŝőŚō śŝŊśŜŉŖŜőŉŔ őŖŞōśŜŕōŖŜ őŖ ŚōŊŝőŔŌőŖŏ ŉŖŌ őŕŘŚŗŞų őŖŏ ŜŐō ıļ őŖŎŚŉśŜŚŝŋŜŝŚō ŗŎ ŕŉŖš ĭŖŜōŚŘŚőśōśŴ Ŀō ŊōŔőōŞō ŜŐŉŜ ŕŉŖš şőŔŔ Ŝŉœō ŜŐō bàa ŎŔŗŗŌ ŋŚőśőś ŉś ŉŖ ŗŘŘŗŚŜŝŖőŜš Ŝŗ ŕŗŞō ŋōŚŜŉőŖ ŘŉŚŜś ŗŎ ŜŐō ıļ ŗŘōŚŉŜőŗŖ őŖŜŗ śōŋŝŚō ŌŉŜŉ ŋōŖŜōŚś ŉŖŌ ŜŐŝś ōŕŊŚŉŋō ŜŐō ŎőŚśŜ şŉŞō ŗŎ ŘŝŊŔőŋŲ ŗŚ ŐšŊŚőŌŲ ŋŔŗŝŌ technologies in 2012. Remarks : * ļŐŉőŔŉŖŌ ıīļ ĵŉŚœōŜ bà` ŉŖŌ ķŝŜŔŗŗœ bàaŲ Řŉŏō de

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ĸōŗŘŔōŲ ŉŖŌ ōśŘōŋőŉŔŔš ōŕŘŔŗšōōśŲ şőŔŔ ŋŗŖŜőŖŝō Ŝŗ ŌōŕŉŖŌ őŖŋŚōŉśōŌ ŕŗŊőŔőŜš ŉŖŌ ŋŗŖŞōŖőōŖŋōŲ ōśŘōŋőŉŔŔš şŐōŖ őŜ comes to using their own devices in the work environment. ļŐō ŜōŖŌōŖŋš ŜŗşŉŚŌś ŋŔŗŝŌ śōŚŞőŋōś ŉŖŌ ŘŝŊŔőŋŲ ŗŚ ŐšŊŚőŌŲ ŋŔŗŝŌ ŕŗŌōŔśŲ ŋŗŕŊőŖōŌ şőŜŐ ŜŐō ŚŉŘőŌ ŉŌŗŘŜőŗŖ ŗŎ ŐŉŖŌŐōŔŌ ŕŗŊőŔō ŜōŋŐŖŗŔŗŏőōśŲ śŝŋŐ ŉś ŜŉŊŔōŜśŲ ĶōŜ Īŗŗœś ŉŖŌ ĻŕŉŚŜ ĸŐŗŖōś ŌōŕŉŖŌ ōŞōŚ ŐőŏŐōŚ ŊŉŖŌşőŌŜŐ ŋŉŘŉŋőŜš ŉŜ ŜŐō ŌŗŕōśŜőŋ and international internet switching centers of the individual service providers like TOT and CAT. ĭŞōŖ ŜŐŗŝŏŐ ŋŔŗŝŌ ŜōŋŐŖŗŔŗŏš őś śŜőŔŔ őŖ őŜś ōŉŚŔš śŜŉŏōśŲ ŰįŉŚŜŖōŚ ŘŚōŌőŋŜś ŜŐŉŜ ŘŝŊŔőŋ ŋŔŗŝŌ śōŚŞőŋōś şőŔŔ ŏŚŗş ŎőŞō Ŝőŕōś ŎŉśŜōŚ ŜŐŉŖ ŗŞōŚŉŔŔ ıļ ōŖŜōŚŘŚőśō śŘōŖŌőŖŏ ŗŞōŚŜŐō ŖōŠŜ ŎŗŝŚ Ůdů šōŉŚśŴ ķŖ bh ĬōŋōŕŊōŚ bàaŲ ŜŐō ŏŗŞōŚŖŕōŖŜ ŗŎ ļŐŉőŔŉŖŌ ŔŉŝŖŋŐōŌ ŜŐō ÜĮŚōō ĿőųĮő ĸŚŗŒōŋŜÝ őŖ ŉŋŋŗŚŌŉŖŋō şőŜŐ ŜŐō įŗŞōŚŖŕōŖŜÝś ŘŗŔőŋš ŗŖ őŖŎŗŚŕŉŜőŗŖ ŉŖŌ ŋŗŕŕŝŖőŋŉŜőŗŖ ŜōŋŐŖŗŔŗŏšŴ ĩŖ ŉŌŌőŜőŗŖŉŔ b`Ų``` ĿőųĮő ŐŗŜśŘŗŜś ŉŚō ōŠŘōŋŜōŌ Ŋš ķŋŜŗŊōŚ őŖ bàbŲ ŉŖŌ ŝŘ Ŝŗ be`Ų``` ŖŉŜőŗŖşőŌō ŉŚō ŘŔŉŖŖōŌ Ŋš bàeŴ ļŐō ĮŚōō ĿőųĮő ĸŚŗŒōŋŜ őś ŘŉŚŜ ŗŎ ŜŐō ŏŗŞōŚŖŕōŖŜ ıīļ ĵőŖőśŜŚšÝś ÜĻŕŉŚŜ ļŐŉőŔŉŖŌÝ śŋŐōŕōŴ ļŐō ĻŕŉŚŜ ļŐŉőŔŉŖŌ ŘŚŗŒōŋŜ ōŠŘōŋŜś Ŝŗ ōŠŘŉŖŌ ŐőŏŐųśŘōōŌ ŊŚŗŉŌŊŉŖŌ ıŖŜōŚŖōŜ ŋŗŖŖōŋŜőŞőŜšŲ ŊŗŜŐ şőŚōŌ ŉŖŌ şőŚōŔōśśŲ Ŝŗ ŋŗŞōŚ h`ū ŗŎ ŌőśŜŚőŋŜś ŖŉŜőŗŖşőŌōŴ ĩŘŉŚŜ ŎŚŗŕ ŜŐō ĮŚōō ĿőųĮő ĸŚŗŒōŋŜŲ ŜŐō śōŜŜőŖŏųŝŘ ŗŎ ļķļÝś cį şőŚōŔōśś ŊŚŗŉŌŊŉŖŌ ŖōŜşŗŚœ şőŔŔ Ŋō ŋŗŕŘŔōŜōŌ őŖ ĵŉš bàbŴ ĩś şōŔŔŲ ŉ dį ŖōŜşŗŚœ şőŔŔ Ŋō ŌōŞōŔŗŘōŌ őŖ ŜŐō ŖōŉŚ ŎŝŜŝŚōŴ ıŖ ŉŌŌőŜőŗŖ Ŝŗ ŜŐō ŘŝŊŔőśŐōŌ ŘŗŔőŋőōś ŗŎ ŜŐō įŗŞōŚŖŕōŖŜŲ ļŐŉőŔŉŖŌ śőŏŖōŌ ŜŐō ÜĩĻĭĩĶ ıīļ ĵŉśŜōŚ ĸŔŉŖ bàeÝ őŖ ĲŉŖŝŉŚšŲ bàaŴ ĽŖŌōŚ ŜŐō ĩĻĭĩĶ ıīļ ĵŉśŜōŚ ĸŔŉŖ bàeŲ œōš śŜŚŉŜōŏőōś ŉőŕ Ŝŗ ŘŚŗŕŗŜō śŗŋőŉŔ ŉŖŌ ōŋŗŖŗŕőŋ őŖŜōŏŚŉŜőŗŖ ŗŎ ĩĻĭĩĶ member countries and to improve the lives of some 600 million ASEAN residents. Measures include providing affordable ŉŋŋōśś Ŝŗ ŜōŋŐŖŗŔŗŏőōś ŉŖŌ őŖŎŚŉśŜŚŝŋŜŝŚōŲ ŐŝŕŉŖ ŋŉŘőŜŉŔ ŌōŞōŔŗŘŕōŖŜŲ ŉŖŌ ŊŚőŌŏőŖŏ ŜŐō ŌőŏőŜŉŔ ŌőŞőŌō ŉŕŗŖŏ ŋŗŝŖŜŚőōśŴ ļŗ ōŖŐŉŖŋō ŊŚŗŉŌŊŉŖŌ ŋŗŖŖōŋŜőŞőŜšŲ ŜŐō ĩĻĭĩĶ ŕőŖőśŜōŚś ŉŏŚōōŌ Ŝŗ śōŜ ŝŘ ŉŖ ĩĻĭĩĶ ŊŚŗŉŌŊŉŖŌ ŋŗŚŚőŌŗŚ ŔőŖœőŖŏ œōš ŋőŜőōś őŖ ŜŐō ŚōŏőŗŖ ŉŖŌ śōŜŜőŖŏ ŝŘ ŗŎ ĩĻĭĩĶÝś ŗşŖ ıŖŜōŚŖōŜ ōŠŋŐŉŖŏō Ŝŗ śőŏŖőŎőŋŉŖŜŔš ōŖŐŉŖŋō ŋŗŖŖōŋŜőŞőŜšŴ ļŐō ŘŗŔőŜőŋŉŔ śőŜŝŉŜőŗŖ őŖ ļŐŉőŔŉŖŌ ŐŗşōŞōŚŲ ŖōōŌś ŋŔōŉŚ ŕŗŖőŜŗŚőŖŏ ŉś ŒŝśŜ ŜŐō śŔőŏŐŜōśŜ őŖŜōŚŚŝŘŜőŗŖś ŗŚ śőŏŖś ŗŎ őŖśŜŉŊőŔőŜš ŋŗŝŔŌ ŐŉŞō ŉ ŖōŏŉŜőŞō őŕŘŉŋŜ ŗŖ őŖŞōśŜŕōŖŜŲ ōśŘōŋőŉŔŔš şőŜŐőŖ ŜŐō ōŖŜōŚŘŚőśō ŕŉŚœōŜŴ

Competitive Analysis ļŐō ŋŗŕŘōŜőŜőŞō ŔŉŖŌśŋŉŘō őŖ ļŐŉőŔŉŖŌÝś ıīļ śōŋŜŗŚ ŚōŕŉőŖś ŘŚōŜŜš ŕŝŋŐ ŜŐō śŉŕō ŉś őŖ b`a`Ų ŉŖŌ ĩıļÝś ŋŗŕŘōŜőŜŗŚś can be classified into 4 major industry groups as follows:

Computer Systems Group

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ĵĮĭī ĸŔŋŴ ĸīī īŗŴŲ ĴŜŌŴ Ļľķĩ ĸŔŋŴ īĬį įŚŗŝŘ ŁőŘ ıŖ ļśŗő Ŭ īŗŴŲ ĴŜŌŴ ĻőōŕōŖś ŮļŐŉőŔŉŖŌů īŗŴŲ ĴŜŌŴ ĮŗŚŜŐ īŗŚŘŗŚŉŜőŗŖ ĸŔŋŴŲ ŉŖŌ ĴŗŠŔōš ĸŔŋŴ

Remarks : * http://www.gartner.com/technology/home.jsp

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Network Systems Group

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ĬŉŜŉŋŚŉŎŜ īŗŴŲ ĴŜŌŴ ŮŖŗş ĬőŕōŖśőŗŖ ĬŉŜŉů ıĪĵ īŗŴŲ ĴŜŌŴ ĶōŜķĶĭ ĶōŜşŗŚœ ĻŗŔŝŜőŗŖ īŗŴŲ ĴŜŌŴ ĵĮĭī ĸŔŋŴ ļŐō īŗŕŕŝŖőŋŉŜőŗŖ ĻŗŔŝŜőŗŖ īŗŴŲ ĴŜŌŴ ıĪĵ ŮļŐŉőŔŉŖŌů īŗŴŲ ĴŜŌŴ Ķīĺ ļŐŉőŔŉŖŌ īŗŴŲ ĴŜŌŴ ĮŗŚŜŐ īŗŚŘŗŚŉŜőŗŖ ĸŔŋŴ ĻőōŕōŖś ŮļŐŉőŔŉŖŌů īŗŴŲ ĴŜŌŴ ĴŗŠŊőŜ ĸŔŋŴŲ ŉŖŌ ĬŉŜŉŘŚŗ īŗŕŘŝŜōŚ ĻšśŜōŕś īŗŴŲ ĴŜŌŴ

Communication Systems Group

ä ĽŖőŜōŌ īŗŕŕŝŖőŋŉŜőŗŖ ıŖŌŝśŜŚš ĸŔŋŴ ä ĲŉśŕőŖō ıŖŜōŚŖŉŜőŗŖŉŔ ĸŔŋŴŲ ŉŖŌ ä ĻŉŕŉŚŜ īŗŚŘŗŚŉŜőŗŖ ĸŔŋŴ

Software Systems Group

ä ĵĮĭī ĸŔŋŴŲ ŉŖŌ ä ıŖŜōŚŖŉŜőŗŖŉŔ ĺōśōŉŚŋŐ īŗŚŘŗŚŉŜőŗŖ ĸŔŋŴ

AIT competes in all of the above industry segments and we believe that our high level of certification with our strategic ŘŉŚŜŖōŚŲ īőśŋŗ ĻšśŜōŕśŲ ŏőŞōś ĩıļ ŉ ŋŗŕŘōŜőŜőŞō ōŌŏō ŗŞōŚ ŜŐō ŗŜŐōŚ ŋŗŕŘōŜőŜŗŚśŲ ōśŘōŋőŉŔŔš ŜŐŗśō őŖ ŜŐō ŖōŜşŗŚœ śšśŜōŕś ŏŚŗŝŘ segment. AIT today is the highest certified local partner of Cisco Systems in Thailand. The following strategy has been derived to gain competitive advantage over the above mentioned competitive companies:

Competitive Strategy AIT will continue to actively participate in bidding for projects in both the government sector and the private sector. The main criteria to win bids are generally: ä ļŐō ŔōŞōŔ ŗŎ ŝŖŌōŚśŜŉŖŌőŖŏ ŗŎ ŜŐō ŘŚŗŒōŋŜ ŉŖŌ őŜś ŚōřŝőŚōŕōŖŜś ä ļŐō ŜōŋŐŖőŋŉŔ řŝŉŔőŜš ŗŎ ŜŐō ŘŚŗŘŗśōŌ śŗŔŝŜőŗŖ ä ĩŞŉőŔŉŊŔō ŐŝŕŉŖ ŚōśŗŝŚŋōś şőŜŐőŖ ŜŐō ŋŗŕŘŉŖš ŉŖŌ ŘŚŗŒōŋŜ ŚōŎōŚōŖŋōśŲ ŉŖŌ ä ļŐō ŘŚŗŒōŋŜ ŋŗśŜ ŉŖŌ ŎőŖŉŖŋőŉŔ śŜŉŜŝś ŗŎ ŜŐō ŋŗŕŘŉŖš

The company has set its competitive strategy to:

ä ĵŉőŖŜŉőŖ ŗŖŔš ŜŐō ŐőŏŐōśŜ řŝŉŔőŜš ŗŎ ŘŚŗŌŝŋŜś ŉŖŌ śōŚŞőŋōś ä ĭŉŚŔš ōŖŏŉŏōŕōŖŜ ŗŎ ŜŐō ŋŝśŜŗŕōŚ ŉŖŌ ŗŎŎōŚ ŉŌŞőŋō ŗŖ śšśŜōŕ ŌōśőŏŖ ŉŖŌ ŘŔŉŖŖőŖŏ ä īŔōŉŚŔš ŝŖŌōŚśŜŉŖŌ ŜŐō ŘŚŗŒōŋŜÝś ŚōřŝőŚōŕōŖŜś ŉŖŌ śōōœ ŊōśŜ ŎőŜŜőŖŏŲ őŖŖŗŞŉŜőŞō ŜōŋŐŖŗŔŗŏőōś ŉŖŌ ŘŚŗŌŝŋŜś Ŝŗ śŉŜőśŎš the customer’s requirements

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

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ĸŚŗŞőŌō ŎőŚśŜųŋŔŉśś ŉŎŜōŚ śŉŔōś śōŚŞőŋōś şőŜŐ ŖŉŜőŗŖşőŌō ŋŗŞōŚŉŏō ŜŐŚŗŝŏŐ ŗŝŚ ŚōŉŌőŔš ōśŜŉŊŔőśŐōŌ g śōŚŞőŋō ŋōŖŜōŚś ĵŉőŖŜŉőŖ ŏŚōŉŜ ŚōŔŉŜőŗŖśŐőŘś şőŜŐ ŗŝŚ ŋŝśŜŗŕōŚś ŉŖŌ ŎŗśŜōŚ ŜŐō ßĩıļ ĻōŚŞőŋō ĵőŖŌà īŗŖŜőŖŝŗŝśŔš ŌōŞōŔŗŘ ŗŝŚ ŐŝŕŉŖ ŚōśŗŝŚŋōś ıŖŋŚōŉśō ŎŔōŠőŊőŔőŜš ŉŖŌ śŘōōŌ őŖ śŗŔŞőŖŏ ŘŚŗŊŔōŕśŲ ŉŖŌ ĵŉőŖŜŉőŖ ŏŚōŉŜ ŉŖŌ ŐŗŖōśŜ ŚōŔŉŜőŗŖśŐőŘś şőŜŐ ŗŝŚ ŘŉŚŜŖōŚśŴ

Risk Analysis Ĭŝō Ŝŗ ŜŐō őŖśŜŉŊőŔőŜš ŗŎ ŊŝśőŖōśś ŋŗŖŌőŜőŗŖś őŖ ŜŐōśō ŋŝŚŚōŖŜ ŜőŕōśŲ Śőśœ ŕŉŖŉŏōŕōŖŜ ŋŗŖŜőŖŝōś Ŝŗ Ŋō ŉŖ őŖōŞőŜŉŊŔō ŜŗŗŔ ŎŗŚ ŉŖš ŋŗŕŘŉŖš Ú ōśŘōŋőŉŔŔš őŖ ŗŚŌōŚ Ŝŗ ŋŗŖŜőŖŝō ŚŝŖŖőŖŏ őŜś ŊŝśőŖōśś şŐōŖ ŉŖ ŝŖōŠŘōŋŜōŌ ōŞōŖŜ ŗŋŋŝŚśŴ ļŐŝśŲ őŜ őś ŖōŋōśśŉŚš for AIT to have a tool to manage its business in current conditions as well as prepare itself to be ready for future competition. ļŐō īŗŕŘŉŖš Őŉś ŚōŉŔőŢōŌ ŜŐō őŕŘŉŋŜ ŗŎ Śőśœ ŎŉŋŜŗŚś ŉŖŌ ŜŐōŚōŎŗŚōŲ Őŉś śōŜ ŕōŉśŝŚōś Ŝŗ ŕőŜőŏŉŜō ŉŖŌ ŕŉőŖŜŉőŖ śŝŋŐ Śőśœś Ŝŗ be within acceptable levels. The Company also regularly reviews and evaluates risk factors and new threats that could affect the Company and its stakeholders. İŗşōŞōŚŲ ļŐō ĩŝŌőŜ īŗŕŕőŜŜōō ŋŗŖŎőŚŕś ŜŐŉŜ ŜŐō īŗŕŘŉŖš őŖ b``cŲ ōśŜŉŊŔőśŐōŌ ŉ ĺőśœ ĻŝŊųīŗŕŕőŜŜōōŲ şŐőŋŐ ŚōŘŗŚŜś Ŝŗ ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōōŲ őŖ ŗŚŌōŚ Ŝŗ ŕŉŖŉŏō ŉŖŌ ŕőŜőŏŉŜō ŉŔŔ ŘŚŗŒōŋŜ Śőśœś ŊōŎŗŚō őŕŘŔōŕōŖŜőŖŏ ŉŖš ŘŚŗŒōŋŜśŴ ĸŚŗŒōŋŜ Śőśœ management is considered most crucial to ensuring the Company’s financial performance ļŐō ŕŉőŖ ŗŊŒōŋŜőŞō ŗŎ ŕŉŖŉŏőŖŏ Śőśœś őś Ŝŗ ōŖśŝŚō ŜŐŉŜ ŜŐō īŗŕŘŉŖš őś ŉŊŔō Ŝŗ ŉŋŐőōŞō őŜś ŏŗŉŔś ŉŖŌ śŜŚŉŜōŏőōśŲ şŐőŔō continuing to create and maintain confidence with the Company’s shareholders and stakeholders.

Risk Relating to Change of Technology Ĭŝō Ŝŗ ŜŐō ŚŉŘőŌ ŋŐŉŖŏō őŖ ŜŐō őŖŎŗŚŕŉŜőŗŖ ŉŖŌ ŋŗŕŕŝŖőŋŉŜőŗŖ ŜōŋŐŖŗŔŗŏš śōŋŜŗŚŲ ŜŐō īŗŕŘŉŖš ŕŝśŜ ŉŔşŉšś Ŋō ŗŖ ŜŗŘ ŗŎ ŜōŋŐŖŗŔŗŏőŋŉŔ ŉŌŞŉŖŋōś ŉŖŌ ŜŚōŖŌś Ŝŗ ŉŞŗőŌ ŉŖš ŘŗŜōŖŜőŉŔ ŗŘŘŗŚŜŝŖőŜš ŔŗśśŲ ŗŚ Ŕŗśś ŗŎ őŜś ŋŗŕŘōŜőŜőŞōŖōśśŴ ļŐō īŗŕŘŉŖš ōŖŋŗŝŚŉŏōś őŜś ōŖŏőŖōōŚś ŉŖŌ śŉŔōś ŉŖŌ ŕŉŚœōŜőŖŏ ŘōŗŘŔōśŲ Ŝŗ ŚōŏŝŔŉŚŔš ŕŗŖőŜŗŚ ŜōŋŐŖŗŔŗŏőŋŉŔ ŌōŞōŔŗŘų ŕōŖŜś ŉŖŌ ŉŜŜōŖŌ śōŕőŖŉŚś Ŝŗ śŜŉš ŗŖ ŜŗŘ ŗŎ ŜŐōőŚ ŏŉŕōŴ ĩŘŉŚŜ ŎŚŗŕ ŘŝŊŔőŋŔš ŉŞŉőŔŉŊŔō őŖŎŗŚŕŉŜőŗŖŲ ĩıļ şŗŚœś ŋŔŗśōŔš şőŜŐ őŜś partners to clearly understand all aspects of developments in the target markets and key technology areas.

Risk Relating to Dependency on Major Customers The Company predominantly earns revenues from sales and provided services of network system installation to TOT īŗŚŘŗŚŉŜőŗŖ ĸŔŋŴ Ůļķļů ŉŖŌ īĩļ ļōŔōŋŗŕ ĸŔŋŴ ŮīĩļůŲ şŐőŋŐ ŉŋŋŗŝŖŜś ŎŗŚ ŉŘŘŚŗŠőŕŉŜōŔš f`ū ŗŎ ŜŐō īŗŕŘŉŖšÝś ŜŗŜŉŔ ŚōŞōŖŝōŴ The proportion of sales coming from just these two key customers is considered quite high and is often seen as being ŉ Śőśœ ŎŉŋŜŗŚŴ İŗşōŞōŚŲ ŜŐō ŋŗŕŘŉŖš ŊōŔőōŞōś őŜ őś őŕŘŗŚŜŉŖŜ Ŝŗ ŕōŖŜőŗŖ ŜŐŉŜ ŜŐőś śőŜŝŉŜőŗŖ őś ŋŗŕŕŗŖ őŖ ŋŗŝŖŜŚőōś śőŕőŔŉŚ Ŝŗ Thailand. The national infrastructure in Thailand is not yet fully developed; and in countries like Thailand it is often the įŗŞōŚŖŕōŖŜÝś ŚōśŘŗŖśőŊőŔőŜš Ŝŗ őŖŞōśŜ őŖŜŗŲ ŉŖŌ ŌōŞōŔŗŘŲ ŜŐŉŜ őŖŎŚŉśŜŚŝŋŜŝŚōŴ ļŐōŚōŎŗŚō ŜŐőś őŖŞōśŜŕōŖŜ ŋŉŖŖŗŜ ōŉśőŔš Ŋō ŕŉŜŋŐōŌ by the private segment. ļŐōśō Ŝşŗ ŗŚŏŉŖőŢŉŜőŗŖśŲ ļķļ ŉŖŌ īĩļ ŉŚō ŋŉŜōŏŗŚőŢōŌ ŉś ŜŐō ŜōŔōŋŗŕŕŝŖőŋŉŜőŗŖ ŋŝśŜŗŕōŚ ŏŚŗŝŘ őŖ ĩıļ ŉŖŌ ŎŗŚ ŜŐō ŎŗŚōśōōŉŊŔō ŎŝŜŝŚōŲ ŜŐō ŏŗŞōŚŖŕōŖŜ şőŔŔ ŋŗŖŜőŖŝō Ŝŗ śŝŊśŜŉŖŜőŉŔŔš őŖŞōśŜ őŖŜŗ ŊŝőŔŌőŖŏ ŜŐō ŖŉŜőŗŖŉŔ őŖŎŚŉśŜŚŝŋŜŝŚō őŖ ļŐŉőŔŉŖŌ Ŝŗ śŝŘŘŗŚŜ ŗŜŐōŚ ŜŗŘőŋś ŗŖ ŜŐō ŖŉŜőŗŖŉŔ ıļ ŉŏōŖŌŉŲ śŝŋŐ ŉś ōųōŌŝŋŉŜőŗŖŲ ŊŚŗŉŌŊŉŖŌ őŖŜōŚŖōŜŲ ŉŖŌ ŕŉŖš ŗŜŐōŚ ŘŚŗŒōŋŜś Ú ŉŔŔ ŗŎ which depend heavily on continuous development of the ICT infrastructure.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

īŗŚō ĶōŜşŗŚœőŖŏ őś ŗŖō ŗŎ ŜŐō œōš ŉŖŌ ŋŗŚō ŋŗŕŘōŜōŖŋőōś ŗŎ ĩıļ ŉŖŌ ŜŐō īŗŕŘŉŖšÝś ŔōŞōŔ ŗŎ ōŠŘōŚŜőśō őś Ŕőœōşőśō ŌőŎŎőŋŝŔŜ to match in Thailand. It is therefore only natural that AIT proudly plays a role in that development both now and into the future. ļŐō īŗŕŘŉŖš ŘŔŉŖś Ŝŗ ŋŗŖŜőŖŝō Ŝŗ ŌŚőŞō ŔŗŖŏ ŜōŚŕ śōŚŞőŋō ŋŗŖŜŚŉŋŜś şőŜŐ ŜŐō ōŠőśŜőŖŏ œōš ŉŋŋŗŝŖŜś Ŝŗ ŎŝŚŜŐōŚ ŊŉŔŉŖŋō the project revenues. īŔōŉŚŔšŲ ŜŐō īŗŕŘŉŖš Őŉś ŊōōŖ śŜŚőŞőŖŏ Ŝŗ ŕőŖőŕőŢō ŜŐō Śőśœ ŚōŔŉŜőŖŏ Ŝŗ ŜŐō ŌōŘōŖŌōŖŋš ŗŖ ŉ Ŏōş ŕŉŒŗŚ ŋŝśŜŗŕōŚś ŉŖŌ is constantly seeking opportunities to diversify its customer base. ıŜ őś ŔőœōŔš ŜŐŉŜ ŏŗőŖŏ ŎŗŚşŉŚŌ ŚōŞōŖŝōś ŎŚŗŕ ŉŖ ōŠŘŉŖŌōŌ ŋŝśŜŗŕōŚ Ŋŉśō şőŔŔ Ŋō ŋŗŕŘŉŚŉŊŔō Ŝŗ ŜŐŗśō ŎŚŗŕ ŕŉŒŗŚ ŋŝśŜŗŕōŚśŴ ĿŐőŔō ŗŎ ŋŗŝŚśō ŜŐō īŗŕŘŉŖš şőŔŔ ŋŗŖŜőŖŝō Ŝŗ ŕŉőŖŜŉőŖ őŜś ōŠőśŜőŖŏ ŋŝśŜŗŕōŚ Ŋŉśō Ŝŗ Ŋō ŉś śŜŚŗŖŏŲ ŗŚ śŜŚŗŖŏōŚŲ ŜŐŉŖ it has always been.

Risk Relating to Dependency on Key Employees The information and communication technology business highly depends on qualified human resources in terms of ŕŉŚœōŜőŖŏŲ ōŖŏőŖōōŚőŖŏ ŉŖŌ ŗŘōŚŉŜőŗŖŴ ļŐōśō ŞŉŔŝŉŊŔō ŐŝŕŉŖ ŚōśŗŝŚŋōś ŝŜőŔőŢō ŜŐōőŚ ōŠŘōŚŜőśō őŖ ŉŌŞőśőŖŏŲ ŌōśőŏŖőŖŏ ŉŖŌ implementing the products and services that AIT provides. ĩŜ ŘŚōśōŖŜŲ ŜŐō īŗŕŘŉŖš Őŉś bgi ōŕŘŔŗšōōś şŐőŋŐ ŉŚō ŌőŞőŌōŌ őŖŜŗ ŜŐō ŎŗŔŔŗşőŖŏ śōŏŕōŖŜśĢ ä ĵŉŚœōŜőŖŏ Ŭ ĻŉŔōś ä īŝśŜŗŕōŚ ĻōŚŞőŋō ŮĭŖŏőŖōōŚőŖŏů ä ĻŗŎŜşŉŚō ä ĸŚŗŒōŋŜ ĵŉŖŉŏōŕōŖŜŲ ŉŖŌ ä ĮőŖŉŖŋō Ŭ ĩŌŕőŖőśŜŚŉŜőŗŖ ĵŗśŜ ŗŎ ŗŝŚ ōŕŘŔŗšōōś ŉŚō ōŖŏőŖōōŚśŲ ōŉŋŐ şőŜŐ ŉŘŘŚŗŠőŕŉŜōŔš dųf šōŉŚś ŗŎ şŗŚœ ōŠŘōŚőōŖŋōģ ŉŖŌ őŖ ŜŐō ŘŚōŞőŗŝś šōŉŚŲ ŗŝŚ ōŕŘŔŗšōōÝś ŜŝŚŖŗŞōŚ ŚŉŜō şŉś ŗŖŔš ŉŖ ŉŘŘŚŗŠőŕŉŜō cųdūŲ ų şŐőŋŐ őś ŋŗŖśőŌōŚōŌ ŞōŚš ŔŗşŴ ıŖ ŗŚŌōŚ Ŝŗ ŚōŜŉőŖ őŜś ōŕŘŔŗšōōśŲ ŜŐō īŗŕŘŉŖš ŘŚŗŞőŌōś ŉŜŜŚŉŋŜőŞō ŋŗŕŘōŖśŉŜőŗŖ Řŉŋœŉŏōś ŉŖŌ ŘŚŗŞőŌōś ŉ ŏŗŗŌ şŗŚœőŖŏ environment. The Company has also put in place an internal control system to prevent the risk of losing any single employee which may affect its business operations. ĩıļ Őŉś ŌōŞōŔŗŘōŌ ŉ ŕŝŔŜőŔōŞōŔ ŗŚŏŉŖőŢŉŜőŗŖŉŔ śŜŚŝŋŜŝŚō şőŜŐ ŕőŖőŕőŢōŌ śőŖŏŔō ŘŗőŖŜś ŗŎ őŕŘŉŋŜŲ şŐőŋŐ ōŞōŖ ŉŔŔŗşś ŜŐō Company to replace key employees in any situation or case in which they should become unavailable. ļŐōŚō ŉŚō şōōœŔš őŖŜōŚŖŉŔ ŕōōŜőŖŏś ŉŕŗŖŏ ŜŐō śōŖőŗŚ ōŠōŋŝŜőŞōś Ŝŗ ŉŋœŖŗşŔōŌŏō ŉŖŌ Ōőśŋŝśś ŉŖš ŘŗŜōŖŜőŉŔ ŘŚŗŊŔōŕś and to determine immediate actions to mitigate any problem that might occur.

Risk Relating to Dependency on a Single Supplier ĶŗŚŕŉŔŔšŲ ŜŐō īŗŕŘŉŖš ŘŝŚŋŐŉśōś őŜś ŘŚŗŌŝŋŜś ŌőŚōŋŜŔš ŎŚŗŕ ŜŐō ŕŉŖŝŎŉŋŜŝŚōŚś ŗŚ őŖŌőŚōŋŜŔš Şőŉ ŜŐō ŕŉŖŝŎŉŋŜŝŚōŚś distributors with representative offices in Thailand. Notably the Company is the key distributor and strategic partner of Cisco ĻšśŜōŕśŲ ŜŐō şŗŚŔŌÝś ŔōŉŌőŖŏ ŕŉŖŝŎŉŋŜŝŚōŚ ŗŎ őŖŎŗŚŕŉŜőŗŖ ŉŖŌ ŋŗŕŕŝŖőŋŉŜőŗŖ ŜōŋŐŖŗŔŗŏš őŖ ŜŐō ıĸ ŮıŖŜōŚŖōŜ ĸŚŗŜŗŋŗŔů śōŏŕōŖŜŴ ıŖ b`aaŲ ŜŐō īŗŕŘŉŖšÝś ŘŝŚŋŐŉśō ŗŎ ŖōŜşŗŚœ ōřŝőŘŕōŖŜś ŎŚŗŕ īőśŋŗ ĻšśŜōŕś ŉŋŋŗŝŖŜōŌ ŎŗŚ ŉŘŘŚŗŠőŕŉŜōŔš d`ū ŗŎ ŜŐō ŜŗŜŉŔ ŋŗśŜ ŗŎ śŉŔōś ŮīķĻů ŘŝŚŋŐŉśōśŴ ļŐō ŚōŉśŗŖ ŊōŐőŖŌ śŝŋŐ ŐőŏŐ ŘŝŚŋŐŉśō ŉŕŗŝŖŜśŲ ōŉŋŐ šōŉŚŲ ŎŚŗŕ īőśŋŗ ĻšśŜōŕś őś ŊŉśōŌ ŗŖ ŜŐō ŎŉŋŜ ŜŐŉŜ īőśŋŗÝś products have wide acceptance with customers in both local and international markets. AIT has invested considerably in training its engineers and sales people to become Cisco certified. AIT has for many šōŉŚś Ŗŗş ŊōōŖ ŉ īőśŋŗ įŗŔŌ ĸŉŚŜŖōŚŲ şŐőŋŐ őś ŜŐō ŐőŏŐōśŜ ŔōŞōŔ ŗŎ śŜŚŉŜōŏőŋ ŘŉŚŜŖōŚśŐőŘ ŜŐŉŜ ŉ ŊŝśőŖōśś ŕŉš ŐŗŔŌ şőŜŐ īőśŋŗ Systems.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

The long term Gold Partnership means that the Company receives better support and discount structure from Cisco ĻšśŜōŕśŲ şŐőŋŐ őś ŎŉŚ ŊōŜŜōŚ ŜŐŉŖ ŗŜŐōŚ ŔŗşōŚ ŚŉŖœōŌ ŊŝśőŖōśś ŘŉŚŜŖōŚś ŐŉŞō ŉŞŉőŔŉŊŔōŴ ĶŗŖōŜŐōŔōśśŲ őŖ ŗŚŌōŚ Ŝŗ ŕőŜőŏŉŜō ŜŐō Śőśœ ŗŎ ŊōőŖŏ ŗŞōŚŔš ŌōŘōŖŌōŖŜ ŗŖ ŉŖš śőŖŏŔō śŝŘŘŔőōŚŲ ŜŐō īŗŕŘŉŖš ŉŔśŗ ŘŉŚŜŖōŚś şőŜŐ ŗŜŐōŚ şōŔŔųœŖŗşŖ ŕŉŖŝŎŉŋŜŝŚōŚśŲ şŐőŋŐ ŉŚō ŉś ŚōŘŝŜŉŊŔō ŉś īőśŋŗ ĻšśŜōŕśŲ ŒŝśŜ ŜŐŉŜ ŜŐōśō ŗŜŐōŚ ŕŉŖŝŎŉŋŜŝŚōŚś ŉŚō ŜŐō leading suppliers in their own fields of business.

Risk Relating to Project Delivery ıīļ ŘŚŗŒōŋŜś ŖŗŚŕŉŔŔš ŔŉśŜ ŊōŜşōōŖ fųab ŕŗŖŜŐś Ú ŊŝŜ ŜŐőś őś ŌōŘōŖŌōŖŜ ŝŘŗŖ ŜŐō ŘŉŚŜőŋŝŔŉŚ ŘŚŗŒōŋŜ śőŢōŴ ıŎ ŜŐō īŗŕŘŉŖš ŎŉőŔś Ŝŗ ŌōŔőŞōŚ ŜŐō ŘŚŗŒōŋŜ ŗŖ Ŝőŕō ŉś śŜŉŜōŌ őŖ ŜŐō ŋŗŖŜŚŉŋŜŲ ŜŐō īŗŕŘŉŖš ŕŉš őŖŋŝŚ ŉ ŎőŖŉŖŋőŉŔ ŘōŖŉŔŜšŴ ļŗ őŜś ŋŚōŌőŜŲ őŖ ŜŐō ŔŉśŜ e šōŉŚśŲ śŝŋŐ ŗŋŋŝŚŚōŖŋōś ŐŉŞō ŊōōŖ ŕőŖőŕŉŔ ŉŖŌ ŜŐō īŗŕŘŉŖš Őŉś ŊōōŖ ŘōŖŉŔőŢōŌ Ŕōśś ŜŐŉŖ aū ŗŎ ŜŐō ŘŚŗŒōŋŜ śŉŔōś ŚōŞōŖŝōŲ şŐőŋŐ Ŋš ŋŗŕŘŉŚőśŗŖ şőŜŐ ŗŜŐōŚ ŘŚŗŒōŋŜ śŝŘŘŔőōŚś őś ŋŗŖśőŌōŚōŌ ōŠŜŚōŕōŔš ŔŗşŴ ļŐō ŕŉőŖ ŚōŉśŗŖś ŎŗŚ ŜŐō ŌōŔŉš őŖ ŘŚŗŒōŋŜ ŌōŔőŞōŚš ŉŚō Ōŝō ŕŗśŜŔš Ŝŗ ŌōŔŉšś şŐőŋŐ ŐŉŞō ŊōōŖ ŗŝŜśőŌō ŗŝŚ ŋŗŖŜŚŗŔŲ śŝŋŐ as time delays in the delivery of the equipment from the manufacturer and due to changes of installed equipment types. ıŖ ŗŚŌōŚ Ŝŗ ŘŚŗŜōŋŜ ŜŐō īŗŕŘŉŖš ŎŚŗŕ őŖŋŝŚŚőŖŏ ŉŖš ŎőŖŉŖŋőŉŔ ŘōŖŉŔŜšŲ ŉ şōŔŔ ŌōŎőŖōŌ ŘŚŗŒōŋŜ ŕŉŖŉŏōŕōŖŜ ŕōŜŐŗŌ őś őŖ ŝśōŴ ļŐőś ŕōŜŐŗŌ ŋŔŗśōŔš ŕŗŖőŜŗŚś ŉŔŔ śŜŉŏōś ŗŎ ŉ ŘŚŗŒōŋŜ ŉŖŌ śōŉŕŔōśśŔš ŋŗŗŚŌőŖŉŜōś şőŜŐ ĩıļÝś ŚōśŗŝŚŋōśŲ ŜŐō ŋŝśŜŗŕōŚś ŉŖŌ the manufacturers. Potential problems can therefore be identified early and their effect minimized or negated well in advance. ĿŐōŖ ŜŐō īŗŕŘŉŖš őś śōŔōŋŜōŌ ŎŗŚ ŉ ŘŚŗŒōŋŜŲ őŜ şőŔŔ ŋŗŖśŜŉŖŜŔš ŕŗŖőŜŗŚ ŉŖŌ őŖŞōśŜőŏŉŜō ŜŐō ŜőŕőŖŏ ŗŎ ŘŚŗŌŝŋŜ ŌōŔőŞōŚšŴ İŗşōŞōŚŲ őŖ śŗŕō ŋŉśōś şŐōŚō ŗŝŚ ŋŝśŜŗŕōŚś ŝŚŏōŖŜŔš ŖōōŌ Ŝŗ ŝśō ŜŐōőŚ ŗŚŌōŚōŌ śšśŜōŕŲ ŜŐō īŗŕŘŉŖš şőŔŔ Ŋō ŉŊŔō Ŝŗ őŖśŜŉŔŔ a standby system for their temporary use.

Foreign Exchange Rate Risk įōŖōŚŉŔŔšŲ ŉŜ ŉ ŘŗőŖŜ ŉŘŘŚŗŠőŕŉŜōŔš aųb ŕŗŖŜŐś ŘŚőŗŚ Ŝŗ ŜŐō śŜŉŚŜ ŗŎ ŉ ŘŚŗŒōŋŜŲ ŜŐō īŗŕŘŉŖš ŕŝśŜ ōśŜőŕŉŜō ŜŐō ŘŚŗŒōŋŜ ŋŗśŜ Ŝŗ ŝśō őŖ ŜŐō ŊőŌŌőŖŏ ŗŚ ŘŚŗŘŗśŉŔ ŘŚŗŋōśśŴ ıŎ őŕŘŗŚŜōŌ ōřŝőŘŕōŖŜ őś ŖōōŌōŌŲ ŜŐőś ŕōŉŖś ŜŐŉŜ ŜŐō ŘŚŗŒōŋŜ ŋŗśŜ ŕŉš Ŋō ŉŎŎōŋŜōŌ Ŋš ŎŔŝŋŜŝŉŜőŗŖś őŖ ŎŗŚōőŏŖ ōŠŋŐŉŖŏō ŚŉŜōśŴ ĩś ŗŎ ca ĬōŋōŕŊōŚ b`aaŲ ŜŐō īŗŕŘŉŖš ŐŉŌ ŉ ĽĻĬ eŴd ŕőŔŔőŗŖ ŎŗŚōőŏŖ ŋŝŚŚōŖŋš ŜŚŉŌō ŉŋŋŗŝŖŜ ŘŉšŉŊŔō őŖ ŎŗŚōőŏŖ ŋŝŚŚōŖŋőōś ŉŖŌ ĽĻĬ bŴg ŕőŔŔőŗŖ ŊŉŔŉŖŋō ŗŎ Įŀ ŎŗŚşŉŚŌ ŋŗŖŜŚŉŋŜś ŉŜ ŜŐō ŉŏŚōōŌ ŚŉŜō ŗŎ ĪŉŐŜ biŴhgųc`Ŵia ŘōŚ ĽĻĬ a ŎŗŚ ŜŐō purchase of equipment. įőŞōŖ ŜŐŉŜ ŎŗŚōőŏŖ ōŠŋŐŉŖŏō ŚŉŜōś ŉŚō ŖŗşŉŌŉšś ŗŎŜōŖ ŉ ŘŗŜōŖŜőŉŔ ŚőśœŲ ŜŐō īŗŕŘŉŖš Őŉś ŉŘŘŔőōŌ ŜŐō ŎŗŔŔŗşőŖŏ śŜŚŉŜōŏőōś for mitigation of any adverse effects: aŴ ĬōŜōŚŕőŖō ŜŐō ŞŉŔŝō ŗŎ ŎŗŚōőŏŖ ōŠŋŐŉŖŏō ŚŉŜō Śőśœ őŖ ŜŐō ŋŉŔŋŝŔŉŜőŗŖ ŗŎ ŜŐō ŜŗŜŉŔ ŘŚŗŒōŋŜ ŋŗśŜŲ ŉŖŌ bŴ ĭŖŜōŚ őŖŜŗ ŉ Įŀ ŎŗŚşŉŚŌ ŋŗŖŜŚŉŋŜ Ŝŗ ŋŗŞōŚ ŜŐō şŐŗŔō ŉŕŗŝŖŜ ıŖ b`aaŲ ŜŐō īŗŕŘŉŖš ŘŚōŘŉŚōŌ Ŝŗ ŝŜőŔőŢō ŞŉŚőŗŝś ŎőŖŉŖŋőŉŔ ŜŗŗŔś Ŝŗ ōŖŐŉŖŋō ōŎŎőŋőōŖŋš őŖ ŕŉŖŉŏőŖŏ Śőśœś ŉŖŌ œōōŘ ŜŐōśō ŉŜ ŉ ŕőŖőŕŝŕ ŉŖŌ ŜŐōŚōŎŗŚō Ŝŗ ŕŉŠőŕőŢō ŊōŖōŎőŜś Ŝŗ ŜŐō īŗŕŘŉŖšŴ

Risk Relating to Change in Government Policy ļŐō ıīļ őŖŌŝśŜŚš őś ŋŗŖśőŌōŚōŌ Ŝŗ Ŋō ŜŐō ŐőŏŐōśŜ ŏŚŗşŜŐ őŖŌŝśŜŚš őŖ ļŐŉőŔŉŖŌ Ú ōśŘōŋőŉŔŔš ŉś ŜŐō ŏŗŞōŚŖŕōŖŜ Őŉś ŊōōŖ fully promoting the industry by continuously investing in ICT systems and infrastructure. Major projects and policy are: a National Broadband Policy; an auction for 3G license operators; and high speed internet via a fiber optic network. The implementation of ŜŐōśō ŘŚŗŒōŋŜś őś ōŠŘōŋŜōŌ Ŝŗ ŊŚőŖŏ ŕŗŚō ŊŝśőŖōśś ŗŘŘŗŚŜŝŖőŜőōś Ŝŗ ŉŔŔ ŘŔŉšōŚśŴ İŗşōŞōŚŲ ŉŖš ŋŐŉŖŏō őŖ ŜŐō ŏŗŞōŚŖŕōŖŜ ŘŗŔőŋš ŕőŏŐŜ ŉŔśŗ őŕŘŉŋŜ ŗŖ ŜŐō īŗŕŘŉŖšÝś ŊŝśőŖōśś ŗŘŘŗŚŜŝŖőŜőōśģ ŜŐōŚōŎŗŚōŲ ŜŐō īŗŕŘŉŖš ŕŗŖőŜŗŚś śŝŋŐ ŘŗŔőŋőōś ŋŔŗśōŔš ŉŖŌ śŐŉŔŔ inform investors as soon as a considerable policy change occurs.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Management Structure ĩś ŗŎ ĬōŋōŕŊōŚ caśŜŲ b`aaŲ ŜŐō īŗŕŘŉŖš Őŉś ŎŗŝŚ īŗŕŕőŜŜōōśĢ aů ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŲ bů ļŐō ĩŝŌőŜ īŗŕŕőŜŜōōŲ ců ļŐō ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōōŲ ŉŖŌ dů ļŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōōŴ

The Board of Directors consists of: Full Name 1. Mr. Thana Chaiprasit 2. Mr. Pongtep Polanun 3. Mr. Siripong Oontornpan 4. Mr. Chokechai Tanpoonsinthana 5. Mr. Sripop Sarasas 6. Mr. Chatchai Yenbamroong gŴ ĵŚŴ ĳőŜŜőśŉœ ĻŗŘŋŐŗœŋŐŉő 8. Mr. Pisak Charudilaka 9. Mr. Suraporn Raktaprachit a`Ŵ ĵŚŴ ĳőŒŒŉ ĴŉŗŊŗŗŖŋŐŉő 11. Mr. Chodiwat Duntanasarn

Position Chairman of the Board Vice Chairman and Independent Director Director and President Independent Director Independent Director Independent Director ĬőŚōŋŜŗŚ Director Director ĬőŚōŋŜŗŚ Director

īŗŚŘŗŚŉŜō ĻōŋŚōŜŉŚš Ģ ĵŚŴ ľŗŚŉŞőŜ ĿŉŜŜŉŖŉœŝŔŒŉŚŝś The Company’s authorized signatories consist of Mr. Siripong Oontornpan jointly signing with Mr. Suraporn Raktaprachit ŗŚ ĵŚŴ ĳőŒŒŉ ĴŉŗŊŗŗŖŋŐŉő ŉŖŌ şőŜŐ ŜŐō īŗŕŘŉŖšÝś ĻōŉŔ ŉŎŎőŠōŌŴ

Authority, Duties and Responsibilities of the Board of Directors 1. Authority of the Board of Directors

aů ĸōŚŎŗŚŕś őŜś ŌŝŜőōś şőŜŐ ŐŗŖōśŜšŲ őŖŜōŏŚőŜš ŉŖŌ ŘŚŝŌōŖŋōŲ őŖ ŉŋŋŗŚŌŉŖŋō şőŜŐ ŜŐō ŔŉşŲ ŜŐō īŗŕŘŉŖšÝś ŗŊŒōŋŜőŞōś ŉŖŌ ĩŚŜőŋŔōś ŗŎ ĩśśŗŋőŉŜőŗŖŲ ŉŖŌ ŉŔŔ ŚōśŗŔŝŜőŗŖś ŗŎ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏ őŖ ŗŚŌōŚ Ŝŗ ŋŉŚōŎŝŔŔš protect the Company’s interests. bů ĬōŜōŚŕőŖōś ŜŐō īŗŕŘŉŖšÝś ŘŗŔőŋőōśŲ ŗŊŒōŋŜőŞōśŲ ŌőŚōŋŜőŗŖŲ ŊŝśőŖōśś ŘŔŉŖśŲ ŉŖŌ ŊŝŌŏōŜś őŖŋŔŝŌőŖŏ ŜŐō śŝŘōŚŞőśőŗŖ ŉŖŌ ŕŉŖŉŏōŕōŖŜ ŗŎ ŜŐō īŗŕŘŉŖš ōŠōŋŝŜőŞōś őŖ ŉŋŋŗŚŌŉŖŋō şőŜŐ ŜŐō ŉŏŚōōŌ ŊŝśőŖōśś ŘŗŔőŋőōśŴ ļŐō ōŠŋōŘŜőŗŖ Ŝŗ this is those matters which legally require prior approval at the Annual General Shareholders Meeting before they ŕŉš Ŋō őŕŘŔōŕōŖŜōŌŲ śŝŋŐ ŉś ŎŗŚ ōŠŉŕŘŔōĢ ŉŖ őŖŋŚōŉśōŵŌōŋŚōŉśō őŖ śŐŉŚō ŋŉŘőŜŉŔģ ŜŐō őśśŝŉŖŋō ŗŎ ŌōŊōŖŜŝŚōśģ the sale or transfer of the whole or part of the Company’s business to others; the purchase/transfer of another business or other company to become an asset of the Company; or an amendment of the Memorandum of Association or Articles of Association. ců ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŕŉš ŉŘŘŗőŖŜ ŋōŚŜŉőŖ ŌőŚōŋŜŗŚś Ŝŗ ŎŗŚŕ ŉ ŘŉŚŜ ŗŎ ŉ śŝŊųŋŗŕŕőŜŜōō ŉś ŌōōŕōŌ ŉŘŘŚŗŘŚőŉŜōŲ śŝŋŐ ŉś Ŝŗ ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōōŲ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōōŲ ŗŚ ŜŐō ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōō in order to perform their duties as given by the Board of Directors. The Board of Directors shall appoint the Chairman of each respective Committee and shall report such appointments to the Annual General Shareholders Meeting.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

dů ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŕŉš ŉŘŘŗőŖŜ ŉŖš ŘōŚśŗŖ Ŝŗ ŘōŚŎŗŚŕ śŘōŋőŎőŋ Ŝŉśœś ŝŖŌōŚ ŜŐō śŝŘōŚŞőśőŗŖ ŗŎ ŜŐō ĪŗŉŚŌ of Directors or render the authority to such a person as deemed appropriate within an appropriate time period. ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŕŉš ŋŉŖŋōŔŲ ŚōŞŗœōŲ ŋŐŉŖŏō ŗŚ ŉŕōŖŌ ŉŖš ŉŝŜŐŗŚőŜš ŏőŞōŖŴ eů ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś śŐŉŔŔ śōŔōŋŜ ŉ ŌőŚōŋŜŗŚ Ŝŗ Ŋō ŜŐō īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌ ŉŖŌ śŐŉŔŔ śōŔōŋŜ ŗŖō ŗŚ ŕŗŚō directors to be Vice Chairman of the Board and to select a director to be the President of the Company. The Board of Directors shall report such appointments to the Annual General Shareholders Meeting. fů ĩŘŘŗőŖŜ ŉ ŌőŚōŋŜŗŚ Ŝŗ Ŋō ŌōśőŏŖŉŜōŌ ŉś ŗŖō ŗŎ ŜŐō īŗŕŘŉŖšÝś ŉŝŜŐŗŚőŢōŌ śőŏŖŉŜŗŚőōś ŉŖŌ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś has the authority to determine or revise/change the list of authorized signatories in which the Board of Directors shall report such appointments to the Annual General Shareholders Meeting. gů ĩŘŘŗőŖŜ ŉŖŌ ŋŗŖśőŌōŚ ŜŐō ŋŗŕŘōŖśŉŜőŗŖ Řŉŋœŉŏō ŉŖŌ ŜŐō ŜōŚŕś Ŭ ŋŗŖŌőŜőŗŖś ŗŎ ŜŐō ōŕŘŔŗšŕōŖŜ ŗŎ ŜŐō ĸŚōśőŌōŖŜŴ hů ĩŘŘŗőŖŜ ŉŖŌ ŋŗŖśőŌōŚ ŜŐō ŋŗŕŘōŖśŉŜőŗŖ ŗŎ ŌőŚōŋŜŗŚś ŉŘŘŗőŖŜōŌ Ŝŗ ŉ īŗŕŕőŜŜōō ŉś şōŔŔ ŉś ŗŜŐōŚ ŘōŚśŗŖś selected by the Board of Directors to perform the duties under the supervision of the Board of Directors. The Board of Directors shall report on these matters to the Annual General Shareholders Meeting. iů ĩŘŘŚŗŞō řŝŉŜōŚŔš ŉŖŌ ŉŖŖŝŉŔ ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś őŖ ŗŚŌōŚ Ŝŗ ŘŚōśōŖŜ Ŝŗ ŜŐō śŐŉŚōŐŗŔŌōŚś ŉŜ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ Shareholders Meeting. a`ů ĩŚŚŉŖŏō ŎŗŚ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏ ŉś şōŔŔ ŉś ŉŖš ĭŠŜŚŉŗŚŌőŖŉŚš įōŖōŚŉŔ ĵōōŜőŖŏś ŉś required under the regulations as stated in the company’s Articles of Association. aaů ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś śŐŉŔŔ ŋŗŖŞōŖō ŎŗŚ ŕōōŜőŖŏ ŉŜ ŔōŉśŜ ŗŖŋō ōŞōŚš řŝŉŚŜōŚ ŗŚ ŉś ŘōŚ ŜŐō ŚōŏŝŔŉŜőŗŖś ŉś śŜŉŜōŌ in the Company’s Articles of Association.

2. Duties and Responsibilities of the Board of Directors

aů ĬōŜōŚŕőŖō ŜŐō īŗŕŘŉŖšÝś ŌőŚōŋŜőŗŖ ŉŖŌ śŜŚŉŜōŏőŋ ŘŔŉŖŲ ŉŖŌ ŋŗŖŜŚŗŔ ŉŖŌ ŚōŏŝŔŉŜō ŜŐō ŘŔŉŖ Ŝŗ Ŋō őŕŘŔōŕōŖŜōŌ efficiently and effectively. bů ĻōŜ ŗŝŜ ŜŐō īŗŕŘŉŖšÝś ŘŗŔőŋőōś ŉŖŌ ŘŚŗŋōŌŝŚōś őŖ ŉŔŔ ŉśŘōŋŜś Ŝŗ ōŖśŝŚō ŜŐō īŗŕŘŉŖšÝś ŗŘōŚŉŜőŗŖ őś őŖ ŎŝŔŔ ŋŗŕŘŔőŉŖŋō şőŜŐ ŜŐō ŔŉşŲ ŚōŏŝŔŉŜőŗŖś ŉŖŌ ŚōśŗŔŝŜőŗŖś ŗŎ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏģ ŉŖŌ ŉś importantly the Company Code of Ethics. ců īŚōŉŜō ŜŐō īŗŕŘŉŖšÝś ŋŗŖŜŚŗŔ śšśŜōŕś őŖ ŗŚŌōŚ Ŝŗ ŕŉőŖŜŉőŖ ŋŚōŌőŜŉŊőŔőŜš ŉŖŌ ŋŗŖŎőŌōŖŋōģ ŉŖŌ ōŖśŝŚō ŜŐŉŜ ŜŐō īŗŕŘŉŖš ŗŘōŚŉŜőŗŖŉŔŔš ŋŗŕŘŔőōś şőŜŐ ŜŐō ŔŉşŲ śŐŉŚōŐŗŔŌōŚśÝ ōŠŘōŋŜŉŜőŗŖśŲ ŉŖŌ śŜŉœōŐŗŔŌōŚśÝ ŋŗŖŋōŚŖśŴ dů īŗŖŜŚŗŔŲ ŚōŏŝŔŉŜōŲ ŉŖŌ ōŞŉŔŝŉŜō ŜŐō ŕŉŖŉŏōŕōŖŜ ŜōŉŕÝś ŘōŚŎŗŚŕŉŖŋōś ŉś şōŔŔ ŉś ŜŐō īŗŕŘŉŖšÝś ŘōŚŎŗŚŕŉŖŋōŴ eů ĭŖśŝŚō ŜŐŉŜ ŕŉŖŉŏōŕōŖŜ Őŉś őŖ ŘŔŉŋō Śőśœ ŕŉŖŉŏōŕōŖŜ ŘŗŔőŋőōśŲ ŘŚŗŋōśśōś ŉŖŌ ŋŗŖŜŚŗŔśŲ ŉś şōŔŔ ŉś ŉŖ appropriate internal control system.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

The Audit Committee consists of: Full Name 1. Mr. Chokechai Tanpoonsinthana 2. Mr. Pongtep Polanun 3. Mr. Sripop Sarasas

Position Chairman of the Audit Committee Director Director

Authority, Duties and Responsibilities of the Audit Committee 1. Authority of the Audit Committee The Audit Committee has the authority to perform any act as determined by the Board of Directors as shown in Duties and Responsibilities of the Audit Committee: aů ĽŖŌōŚ őŜś śŋŗŘō ŗŎ ŉŝŜŐŗŚőŜšŲ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō őś ŉŝŜŐŗŚőŢōŌ Ŝŗ ŋŉŔŔ ŎŗŚ ŗŚ ŗŚŌōŚ ŜŐō ŕŉŖŉŏōŕōŖŜŲ ŐōŉŌś ŗŎ ŗŎŎőŋōśŲ ŗŚ ŉŖš ōŕŘŔŗšōōś Ŝŗ ŘŚōśōŖŜ ŗŘőŖőŗŖśŲ ŉŜŜōŖŌ ŕōōŜőŖŏś ŗŚ śŝŊŕőŜ ŉŖš ŚōřŝőŚōŌ ŗŚ ŖōŋōśśŉŚš ŌŗŋŝŕōŖŜśŴ bů īŗŖśőŌōŚŲ śōŔōŋŜ ŉŖŌ ŖŗŕőŖŉŜō ŜŐō īŗŕŘŉŖšÝś ŉŝŌőŜŗŚ ŉś şōŔŔ ŉś ŜŐō ŉŝŌőŜŗŚÝś ŚōŕŝŖōŚŉŜőŗŖ Ŝŗ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŲ ŉŖŌ ŘŚŗŘŗśō ŜŐőś ŉŜ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏ ŎŗŚ ŜŐō īŗŕŘŉŖšÝś śŐŉŚōŐŗŔŌōŚś approval. Assess the auditor’s performance and other tasks related to the audit. ců ĵŉœō ŜŐō ŎőŖŉŔ ŌōŋőśőŗŖ őŖ ŉ ŋŉśō şŐōŚō ŜŐō ŕŉŖŉŏōŕōŖŜ Ŝōŉŕ ŌőśŉŏŚōōś şőŜŐ ŜŐō ŉŝŌőŜŗŚ ŗŖ ŎőŖŉŖŋőŉŔ ŚōŘŗŚŜśŴ dů īŗŖśőŌōŚ ŜŐō ŌőśŋŔŗśŝŚō ŗŎ īŗŕŘŉŖš őŖŎŗŚŕŉŜőŗŖ őŖ ŉŖš ŋŉśō şŐōŚō ŜŐōŚō őś ŉ ŋŗŖŖōŋŜōŌ ŜŚŉŖśŉŋŜőŗŖ ŗŚ ŜŚŉŖśŉŋŜőŗŖ ŜŐŉŜ ŕŉš ŔōŉŌ Ŝŗ ŉ ŋŗŖŎŔőŋŜ ŗŎ őŖŜōŚōśŜŲ śŗ ŉś Ŝŗ ōŖśŝŚō ŉŋŋŝŚŉŜōŖōśśŲ ŋŗŕŘŔōŜōŖōśśŲ ŉŖŌ ŉŜ ŉŔŔ Ŝőŕōś compliance with the laws and regulations. eů ĺōŞőōş ŜŐō ŉŝŌőŜŗŚÝś ŚōŘŗŚŜ ŗŎ őŖŞōśŜőŏŉŜőŗŖ ŉŖŌ Ōőśŋŝśś şőŜŐ ŜŐō ŕŉŖŉŏōŕōŖŜ Ŝōŉŕ ŜŐō ŉśśōśśŕōŖŜ ŘŗŔőŋš and risk management. fů İőŚō ōŠŜōŚŖŉŔ ŉŌŞőśŗŚś ŗŚ śŘōŋőŉŔőśŜś Ŝŗ ŕŉœō ŋŗŕŕōŖŜś ŗŚ ŏőŞō ŉŌŞőŋō ŉś ŖōŋōśśŉŚšŴ gů ĻōŜ ŝŘ ŉ ŕōōŜőŖŏ şőŜŐ ŜŐō ŉŝŌőŜŗŚ şőŜŐŗŝŜ ŜŐō ŕŉŖŉŏōŕōŖŜ Ŝōŉŕ ŗŚ ŋŗŕŘŉŖš ŚōŘŚōśōŖŜŉŜőŞōśŴ

2. Duties and Responsibilities of the Audit Committee

aů ĺōŞőōş ŜŐō ŉŋŋŝŚŉŋš ŗŎ ŜŐō īŗŕŘŉŖšÝś řŝŉŚŜōŚŔš ŉŖŌ ŉŖŖŝŉŔ ŎőŖŉŖŋőŉŔ ŚōŘŗŚŜś őŖ ŉŋŋŗŚŌŉŖŋō şőŜŐ ŏōŖōŚŉŔŔš accepted accounting principles and ensure there is adequate disclosure. bů ĺōŞőōş ŜŐō īŗŕŘŉŖšÝś őŖŜōŚŖŉŔ ŋŗŖŜŚŗŔ śšśŜōŕ ŉŖŌ őŖŜōŚŖŉŔ ŉŝŌőŜ śšśŜōŕ Ŝŗ ōŖśŝŚō ŜŐŉŜ ŜŐōš ŉŚō śŝőŜŉŊŔō ŉŖŌ ōŎŎőŋőōŖŜ ŉŖŌ ōŖśŝŚō ŜŐō őŖŌōŘōŖŌōŖŋō ŗŎ ŜŐō őŖŜōŚŖŉŔ ŉŝŌőŜ ŌōŘŉŚŜŕōŖŜŴ ıŖ ŉŌŌőŜőŗŖŲ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō ŕŉš ŉŘŘŗőŖŜŲ ŋŐŉŖŏō ŗŚ ŚōŕŗŞō ŜŐō ŐōŉŌ ŗŎ ŜŐō őŖŜōŚŖŉŔ ŉŝŌőŜ ŌōŘŉŚŜŕōŖŜ ŗŚ ŉŖš ŗŜŐōŚ ŌōŘŉŚŜŕōŖŜ ŚōśŘŗŖśőŊŔō for internal audit tasks. ců ĺōŞőōş ŜŐō īŗŕŘŉŖšÝś ŋŗŕŘŔőŉŖŋō şőŜŐ ŜŐō Ŕŉşś ŗŖ śōŋŝŚőŜőōś ŉŖŌ ōŠŋŐŉŖŏōģ ŜŐō ŚōŏŝŔŉŜőŗŖś ŗŎ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌ ŮŜŐō ÜĻĭļÝůģ ŉŖŌ ŜŐō Ŕŉşś ŚōŔŉŜőŖŏ Ŝŗ ŜŐō īŗŕŘŉŖšÝś ŊŝśőŖōśśŴ dů īŗŖśőŌōŚŲ śōŔōŋŜ ŉŖŌ ŖŗŕőŖŉŜō ŉŖ őŖŌōŘōŖŌōŖŜ ŘōŚśŗŖ Ŝŗ Ŋō ŜŐō īŗŕŘŉŖšÝś ŉŝŌőŜŗŚŲ ŘŚŗŘŗśō ŜŐō ŉŝŌőŜŗŚÝś ŚōŕŝŖōŚŉŜőŗŖŲ ŉŖŌ ŉŜŜōŖŌ ŉ ŖŗŖųŕŉŖŉŏōŕōŖŜ ŕōōŜőŖŏ şőŜŐ ŜŐō ŉŝŌőŜŗŚ ŉŜ ŔōŉśŜ ŗŖŋō ŉ šōŉŚŴ

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

eů ĺōŞőōş ŉŔŔ ŋŗŖŖōŋŜōŌ ŜŚŉŖśŉŋŜőŗŖś ŗŚ ŜŚŉŖśŉŋŜőŗŖś ŜŐŉŜ ŕŉš ŔōŉŌ Ŝŗ ŋŗŖŎŔőŋŜś ŗŎ őŖŜōŚōśŜ ŉŖŌ ŉŔśŗ ōŖśŝŚō ŜŐŉŜ ŜŐōš are in compliance with the related laws and the regulations of the SET and that they are reasonable and bring the highest possible benefits to the Company. fů ĸŚōŘŉŚō ŚōŘŗŚŜś Ŝŗ Ŋō śőŏŖōŌ Ŋš ŜŐō īŐŉőŚŕŉŖ ŗŎ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō ŉŖŌ ŌőśŋŔŗśōŌ őŖ ŜŐō īŗŕŘŉŖšÝś ĩŖŖŝŉŔ Report. These reports must contain the following information: aŴ ĩŖ ŗŘőŖőŗŖ ŗŖ ŜŐō ŉŋŋŝŚŉŋšŲ ŋŗŕŘŔōŜōŖōśś ŉŖŌ ŚōŔőŉŊőŔőŜš ŗŎ ŜŐō īŗŕŘŉŖšÝś ŎőŖŉŖŋőŉŔ ŚōŘŗŚŜ 2. An opinion on the adequacy of the Company’s internal control system cŴ ĩŖ ŗŘőŖőŗŖ ŗŖ ŜŐō ŋŗŕŘŔőŉŖŋō şőŜŐ ŜŐō Ŕŉşś ŗŖ śōŋŝŚőŜőōś ŉŖŌ ōŠŋŐŉŖŏōŲ ŜŐō ŚōŏŝŔŉŜőŗŖś ŗŎ ŜŐō Ļĭļ ŉŖŌ the laws relating to the Company’s business dŴ ĩŖ ŗŘőŖőŗŖ ŗŖ ŜŐō śŝőŜŉŊőŔőŜš ŗŎ ŜŐō ōŠŜōŚŖŉŔ ŉŝŌőŜŗŚ 5. An opinion on transactions that may lead to conflicts of interest 6. The number of Committee meetings held and the members’ attendance record 7. Any comments or opinions received by the Committee regarding its performance in accordance with its Charter hŴ ĩŖš ŗŜŐōŚ ŜŚŉŖśŉŋŜőŗŖ şŐőŋŐŲ ŉŋŋŗŚŌőŖŏ Ŝŗ ŜŐō īŗŕŕőŜŜōōÝś ŗŘőŖőŗŖŲ śŐŗŝŔŌ Ŋō œŖŗşŖ Ŝŗ ŜŐō śŐŉŚōŐŗŔŌōŚś ŉŖŌ ŏōŖōŚŉŔ őŖŞōśŜŗŚśŲ śŝŊŒōŋŜ Ŝŗ ŜŐō śŋŗŘō ŗŎ ŌŝŜőōś ŉŖŌ ŚōśŘŗŖśőŊőŔőŜőōś ŉś ŉśśőŏŖōŌ Ŋš ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś gů ĸōŚŎŗŚŕ ŗŜŐōŚ Ŝŉśœś ŉś ŚōřŝōśŜōŌ Ŋš ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŉŖŌ ŗŜŐōŚ Ŝŉśœś şŐőŋŐ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō ŉŏŚōōś to perform.

The Nomination and Remuneration Committee consists of: Full Name

1. Mr. Pongtep Polanun 2. Mr. Siripong Oontornpan 3. Mr. Sripop Sarasas dŴ ĵŚŴ ĳőŜŜőśŉœ ĻŗŘŋŐŗœŋŐŉő 5. Mr. Suraporn Raktaprachit

Position Chairman of the Nomination and Remuneration Committee Director Director ĬőŚōŋŜŗŚ Director

Authority, Duties and Responsibilities of the Nomination and Remuneration Committee 1. Authority of the Nomination and Remuneration Committee

aů īŗŖśőŌōŚ ŉŖŌ ŉŘŘŚŗŞō ŜŐō śōŔōŋŜőŗŖ ŉŖŌ ōŞŉŔŝŉŜőŗŖ ŘŚŗŋōśśōśŲ ŉś şōŔŔ ŉś ŜŐō ŋŗŕŘōŖśŉŜőŗŖ ŎŗŚ ŜŐō ĸŚōśőŌōŖŜŴ bů īŗŖśőŌōŚ ŉŖŌ ŉŘŘŚŗŞō ŘŚŗŘŗśŉŔś ŎŗŚ ŜŐō Ŗŉŕōś ŗŎ řŝŉŔőŎőōŌ ŋŉŖŌőŌŉŜōś Ŝŗ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŎŗŚ ŜŐōőŚ consideration and approval in the case of a vacancy in a director’s position. ců īŗŖśőŌōŚ ŉŖŌ ŉŘŘŚŗŞō ŘŚŗŘŗśŉŔś ŎŗŚ ŜŐō Ŗŉŕō ŗŎ ŉ řŝŉŔőŎőōŌ ŋŉŖŌőŌŉŜō ŎŗŚ ŜŐō ŘŗśőŜőŗŖ ŗŎ ĸŚōśőŌōŖŜ Ŝŗ ŜŐō ĪŗŉŚŌ of Directors for their consideration and approval. dů īŗŖśőŌōŚ ŉŖŌ ŉŘŘŚŗŞō ŘŚŗŘŗśŉŔś ŎŗŚ ŜŐō Ŗŉŕōś ŗŎ ŗŜŐōŚ ŋŉŖŌőŌŉŜōś Ŝŗ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŎŗŚ ŜŐōőŚ ŋŗŖśőŌōŚŉŜőŗŖŉŖŌ ŉŘŘŚŗŞŉŔ őŖ ŘŗśőŜőŗŖś şŐŗśō ŎŝŖŋŜőŗŖśŲ ŚōśŘŗŖśőŊőŔőŜőōś ŉŖŌ ŉŝŜŐŗŚőŜőōś ŉŚō ŌőŚōŋŜŔš ŏőŞōŖ by the Board of Directors.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

2. Duties and Responsibilities of the Nomination and Remuneration Committee

aů ĬōŞōŔŗŘ ŜŐō ŋŚőŜōŚőŉŲ śōŔōŋŜőŗŖ ŉŖŌ ōŞŉŔŝŉŜőŗŖ ŘŚŗŋōśśōśŲ ŉś şōŔŔ ŉś ŜŐō ŋŗŕŘōŖśŉŜőŗŖ ŎŗŚ ŜŐō ĸŚōśőŌōŖŜŴ bů ĸŚŗŘŗśō ŘōŚśŗŖś ŎŗŚ ŉŘŘŚŗŞŉŔ ŗŎ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś őŖ ŜŐō ŋŉśō ŗŎ ŉ ŞŉŋŉŖŋš őŖ ŉ ŌőŚōŋŜŗŚÝś ŘŗśőŜőŗŖ ŚōśŝŔŜőŖŏ ŎŚŗŕ ŉŖš ŚōŉśŗŖŲ ŗŜŐōŚ ŜŐŉŖ ŜŐō ōŖŌ ŗŎ ŉ ŜōŚŕ ŚōŜőŚōŕōŖŜ ŎŚŗŕ ŜŐŉŜ ŘŗśőŜőŗŖ ŗŚ Ŝŗ őŖŋŚōŉśō ŜŐō numbers of directors. Once approved by the Board of Directors the resolution is put forward for the approval of the shareholders. ců ĸŚŗŘŗśō Ŝŗ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŜŐō Ŗŉŕō ŗŎ ŉ ŘōŚśŗŖ Ŝŗ ŚōŋōőŞō ŉŘŘŚŗŞŉŔ ŎŚŗŕ ŜŐō ĻŐŉŚōŐŗŔŌōŚÝś ĵōōŜőŖŏ in the case that there is a vacancy of a director position due to term retirement. dů ĸŚŗŘŗśō Ŝŗ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŎŗŚ ŜŐō ŉŘŘŚŗŞŉŔ ŗŎ ŜŐō ĸŚōśőŌōŖŜ Ŝŗ ŚōŜőŚō ŎŚŗŕ ŊōőŖŏ ŉŖ ōŕŘŔŗšōō őŖ the Company according to the current operating regulations. eů ĸŚŗŘŗśō ŉŖš ŘōŚśŗŖ ŜŐŉŜ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś şőŔŔ ŜŐōŖ ŌōŔōŏŉŜō őŜś ŉŝŜŐŗŚőŜš Ŝŗ ŘōŚŎŗŚŕ ŉ śŘōŋőŎőŋ Ŝŉśœ for the Company. fů ĺōŋŗŕŕōŖŌ ŜŐō ŉŘŘŚŗŘŚőŉŜō ŚōŕŝŖōŚŉŜőŗŖś ŎŗŚ ōŉŋŐ ŗŎ ŜŐō īŗŕŘŉŖšÝś ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŉŖŌ īŗŕŕőŜŜōōś ŉŖŌ then propose to the Board of Directors for the approval of these remunerations at the Annual General Meeting. gů ĺōŋŗŕŕōŖŌ ŉŘŘŚŗŘŚőŉŜō ŊŗŖŝś ŉŖŌ śŉŔŉŚš őŖŋŚōŉśōś ŎŗŚ ŜŐō ŕŉŖŉŏōŕōŖŜ ŉŖŌ ōŕŘŔŗšōōś Ŝŗ ŜŐō ĪŗŉŚŌ ŗŎ Directors for their approval.

The Executive Committee consists of: Full Name

aŴ ĵŚŴ ĻőŚőŘŗŖŏ ķŗŖŜŗŚŖŘŉŖ 2. Mr. Suraporn Raktaprachit cŴ ĵŚŴ ĳőŒŒŉ ĴŉŗŊŗŗŖŋŐŉő

Position īŐŉőŚŕŉŖ ŗŎ ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōō Director ĬőŚōŋŜŗŚ

Authority, Duties and Responsibilities of the Executive Committee 1. Authority of the Executive Committee

aů ĩŘŘŚŗŞō ŜŐō ŉŘŘŗőŖŜŕōŖŜŲ ŋŐŉŖŏō ŗŚ ŚōŕŗŞŉŔ ŗŎ ŉŖš ŕŉŖŉŏōŕōŖŜ ŘŗśőŜőŗŖŲ şőŜŐ ŜŐō ōŠŋōŘŜőŗŖ ŗŎ ŜŐō ĸŚōśőŌōŖŜŴ bů ĩŘŘŚŗŞō ŜŐō īŗŕŘŉŖšÝś ŋŗŕŘōŖśŉŜőŗŖ śŜŚŝŋŜŝŚō ŉŖŌ ŊōŖōŎőŜś ŗŎ ŕŉŖŉŏōŕōŖŜ ŉŖŌ ōŕŘŔŗšōōśģ ŉŖŌ ŘŚŗŘŗśō Ŝŗ the Nomination and Remuneration Committee before proposing to the Board of Directors. ců ĩŘŘŚŗŞō ŉŖš ŋŐŉŖŏō őŖ ŜŐō īŗŕŘŉŖš ŕŉŖŉŏōŕōŖŜ śŜŚŝŋŜŝŚōŲ ŋŗŌō ŗŎ ŋŗŖŌŝŋŜ ŉŖŌ ŊŝśőŖōśś ŘŚŗŋōśśōś ŗŎ any division. dů ĩŘŘŚŗŞō ŜŐō ŊŗŚŚŗşőŖŏ ŉŖŌ ŔōŖŌőŖŏ ŗŎ ŕŗŖōš ŗŚ ŉŘŘŔšőŖŏ ŎŗŚ ŋŚōŌőŜ ŉŘŘŚŗŞŉŔ ŎŚŗŕ ŉ ŎőŖŉŖŋőŉŔ őŖśŜőŜŝŜőŗŖģ including a guarantee or payment of ordinary business transactions with a specific credit limit of each transaction that has already been agreed and assigned. The amount incurred in these transactions must be under a limit in accordance with the Company guidelines and authority limits which have already been reviewed by the Board ŗŎ ĬőŚōŋŜŗŚśŴ İŗşōŞōŚŲ ŜŐō ŉŎŗŚōŕōŖŜőŗŖōŌ ŋŚōŌőŜ ŔőŕőŜ ŕŉš Ŋō ŋŐŉŖŏōŌ őŎ ŉŘŘŚŗŘŚőŉŜō ŉŋŋŗŚŌőŖŏ Ŝŗ ŜŐō judgement of the Board of Directors. eů īŗŖśőŌōŚ Ŝŗ ōŖŜōŚ őŖŜŗ ŉ ŋŗŕŕōŚŋőŉŔ ŋŗŖŜŚŉŋŜ şőŜŐ ŉ ŋŚōŌőŜ ŔőŕőŜ ŉś ŌōŜōŚŕőŖōŌ Ŋš ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŴ

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

2. Duties and Responsibilities of the Executive Committee

aů bů ců

ĮŗŚŕŝŔŉŜō ŜŐō īŗŕŘŉŖšÝś ŊŝśőŖōśś ŘŔŉŖŲ ŉŖŖŝŉŔ ŊŝŌŏōŜŲ ŉŖŌ őŖŞōśŜŕōŖŜ ŘŔŉŖ ŎŗŚ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśÝ ŉŘŘŚŗŞŉŔŴ ĵŉŖŉŏō ŜŐō īŗŕŘŉŖšÝś ŊŝśőŖōśś ŗŘōŚŉŜőŗŖś őŖ ŗŚŌōŚ Ŝŗ ŉŋŐőōŞō ŜŐō ŘŔŉŖŖōŌ ŗŊŒōŋŜőŞōś ŉŖŌ ŜŉŚŏōŜśŲ ŉŖŌ ŉŔśŗ ŋŗŕŘŔš şőŜŐ ŔŉşśŲ ŜŐō īŗŕŘŉŖšÝś ŚōŏŝŔŉŜőŗŖśŲ ŉŖŌ ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌÝś ŚŝŔōś ŉŖŌ ŚōŏŝŔŉŜőŗŖśŴ ĬőŚōŋŜŲ ŋŗŖŜŚŗŔŲ ŉŖŌ ŕŗŖőŜŗŚ ŜŐō ŌŉšųŜŗųŌŉš ŗŘōŚŉŜőŗŖś ŉś śōŜ ŗŝŜ őŖ ŜŐō īŗŕŘŉŖšÝś őŖŜōŚŖŉŔ ŋŗŖŜŚŗŔ śšśŜōŕ as well as the Audit Committee’s comments and recommendations. dů ĩŋŜ őŖ ŗŜŐōŚ ŚŗŔōś ŉŖŌ ŗŖŌŝŜőōś ŉŖŌ şőŜŐőŖ ŉŝŜŐŗŚőŜőōś ŉś ŌōŜōŚŕőŖōŌ ŉŖŌ ŌōŔōŏŉŜōŌ Ŋš ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŴ eů ĸŚōŘŉŚō ŜŐō ŚōŘŗŚŜ ŗŖ īŗŕŘŉŖšÝś ŎőŖŉŖŋőŉŔ ŉŖŌ ŗŘōŚŉŜőŖŏ ŘōŚŎŗŚŕŉŖŋō ŉŖŌ ŚōŘŗŚŜ ŜŐőś ŘōŚŎŗŚŕŉŖŋō Ŝŗ ŜŐō ĪŗŉŚŌ of Directors each quarter.

ļŐō ŉŊŗŞōųŕōŖŜőŗŖōŌ ŉŝŜŐŗŚőŜš ōŠŋŔŝŌōś ŜŐō őŖŜōŚŚōŔŉŜōŌ ŜŚŉŖśŉŋŜőŗŖśŲ ŉŋřŝőśőŜőŗŖ ŗŚ ŔőřŝőŌŉŜőŗŖ ŗŎ ŜŐō ŔőśŜōŌ īŗŕŘŉŖšÝś őŕŘŗŚŜŉŖŜ ŉśśōŜś ŉŋŋŗŚŌőŖŏ Ŝŗ ŜŐō ŚōŏŝŔŉŜőŗŖś ŗŎ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌ ŮĻĭļů ŉŖŌ ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖ ŮĻĭīůŴ ļŐō īŗŕŘŉŖš śŐŉŔŔ ŉŊőŌō Ŋš ŜŐō Ļĭļ ŚōŏŝŔŉŜőŗŖś ŉŖŌ ŚōřŝőŚōŕōŖŜś ŗŖ ŉŖš őśśŝōŴ ıŖ ŉŌŌőŜőŗŖŲ ŜŐō ŉŊŗŞōų ŕōŖŜőŗŖōŌ ŉŝŜŐŗŚőŜš ōŠŋŔŝŌōś ŗŜŐōŚ őśśŝōś ŎŗŚ şŐőŋŐ ŜŐō īŗŕŘŉŖšÝś ŚōŏŝŔŉŜőŗŖś ŚōřŝőŚō ŜŐō ŘŚőŗŚ ŚōřŝōśŜ ŉŖŌ ŉŘŘŚŗŞŉŔ ŉŜ ŜŐō Annual General Shareholders Meeting.

Authority, Duties and Responsibilities of the President

aů ĸōŚŎŗŚŕ ŜŐō ŌŝŜőōś ŉś ŉśśőŏŖōŌ Ŋš ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŗŚ ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōō ŝŖŌōŚ ŜŐō īŗŕŘŉŖšÝś ŗŊŒōŋŜőŞōśŲ ŚōŏŝŔŉŜőŗŖś ŉŖŌ ĩŚŜőŋŔōś ŗŎ ĩśśŗŋőŉŜőŗŖŴ ıŖ ŌōŉŔőŖŏ şőŜŐ ŜŚŉŖśŉŋŜőŗŖśŲ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś Őŉś ŋŔōŉŚŔš ŉŘŘŚŗŞōŌ ŕŉŠőŕŝŕ ŔőŕőŜ ŗŎ ōŉŋŐ ŜŚŉŖśŉŋŜőŗŖŴ ļŐőś ŔőŕőŜ śŐŗŝŔŌ ŖŗŜ ōŠŋōōŌ ŜŐō ŔőŕőŜ ŉŘŘŚŗŞōŌ Ŋš ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŴ ļŐō ŕŉŠőŕŝŕ ŔőŕőŜ ŗŎ ōŉŋŐ ŜŚŉŖśŉŋŜőŗŖ ŐŗşōŞōŚŲ ŕŉš Ŋō ŉŘŘŚŗŘŚőŉŜōŔš ŚōŞőśōŌ ŝŘŗŖ ŜŐō ŋŗŖśőŌōŚŉŜőŗŖ ŉŖŌ judgment of the Board of Directors. The delegation of authority to the President should not include any transaction in which the President or any other person involved may then have a conflict of interest (as determined through ŖŗŜőŎőŋŉŜőŗŖ Ŋš ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖů şőŜŐ ŜŐō īŗŕŘŉŖš ŗŚ őŜś śŝŊśőŌőŉŚőōśŴ ĩŖš ŌŝŜőōś ŘōŚŎŗŚŕōŌ śŐŗŝŔŌ ŋŗŖŎŗŚŕ Ŝŗ ŜŐō ĶŗŜőŎőŋŉŜőŗŖ Ŋš ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌ őŖ őŜś ŉŚŜőŋŔō ßĺŝŔōśŲ ŘŚŗŋōŌŝŚōśŲ ŉŖŌ ŌőśŋŔŗśŝŚōś ŗŎ ŉŖš ŚōŔŉŜōŌ ŘŉŚŜš ŜŚŉŖśŉŋŜőŗŖś ŗŎ ŜŐō ŔőśŜōŌ ŋŗŕŘŉŖšàŴ ĩŖ ōŠōŕŘŜőŗŖ Ŝŗ ŜŐőś őś ŎŗŚ ŉŖš ŜŚŉŖśŉŋŜőŗŖ which is a normal business transaction at market price and under the rules and regulations as specified by the Company. bů ĸŚōŘŉŚō ŜŐō īŗŕŘŉŖšÝś ŊŝśőŖōśś ŘŔŉŖŲ ŊŝśőŖōśś śŜŚŉŜōŏšŲ ŉŖŌ šōŉŚŔš ŊŝŌŏōŜ Ŝŗ Ŋō ŘŚŗŘŗśōŌ Ŝŗ ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōōŴ ců ĮŗŔŔŗş ŜŐō ŊŝśőŖōśś ŘŔŉŖŲ ŊŝśőŖōśś śŜŚŉŜōŏšŲ ŉŖŌ šōŉŚŔš ŊŝŌŏōŜ şŐőŋŐ ŐŉŞō ŊōōŖ ŉŘŘŚŗŞōŌ Ŋš ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōōŴ dů ĬōŜōŚŕőŖō ŜŐō ŗŚŏŉŖőŢŉŜőŗŖŉŔ śŜŚŝŋŜŝŚō ŉŖŌ śŋŗŘō ŗŎ ŕŉŖŉŏōŕōŖŜ Ŝŗ őŖŋŔŝŌō ōŞōŚš ŌōŜŉőŔ ŗŎ śōŔōŋŜőŗŖŲ ŜŚŉőŖőŖŏŲ ŐőŚőŖŏŲ and employment termination. eů ĩŝŜŐŗŚőŢōŌ Ŝŗ ŉŘŘŗőŖŜ ŗŚ ŌőśŋŐŉŚŏō ŉŖ ōŕŘŔŗšōō şŐŗśō ŘŗśőŜőŗŖ őś ŔŗşōŚ ŜŐŉŖ ŜŐŉŜ ŗŎ ŜŐō ĸŚōśőŌōŖŜŴ fů ĸōŚŎŗŚŕ ŜŐō ĸŚōśőŌōŖŜś ŌŝŜőōś ŉŜ ŉŔŔ Ŝőŕōś şőŜŐ ŐŗŖōśŜš ŉŖŌ ŘŚŝŌōŖŋō ŎŗŚ ŜŐō ŘŚŗŜōŋŜőŗŖ ŉŖŌ ŊōŖōŎőŜ ŗŎ ŜŐō īŗŕŘŉŖšŴ

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

The Company’s Management Team consists of: Full Name

Position

1. Mr.Siripong Oontornpan

President

bŴ ĵŚŴĳőŒŒŉ ĴŉŗŊŗŗŖŋŐŉő

ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ Ú ĻŉŔōś ŉŖŌ ĵŉŚœōŜőŖŏ

cŴ ĵŚŴĻŝŚŉŘŗŚŖ ĺŉœŜŉŘŚŉŋŐőŜ

ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ Ú ĻōŚŞőŋō

dŴ ĵŚŴĩśŉşőŖ ĳŉŖŏŞŗŔœőŒ

ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų īŗŚŘŗŚŉŜō ĮőŖŉŖŋō ŉŖŌ ĻŜŚŉŜōŏš

eŴ ĵŚśŴĶōŜŖŉŘőŜ ķŗŖŜŗŚŖŘŉŖ

ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų īŗŚŘŗŚŉŜō ĩŎŎŉőŚś

fŴ ĵŚŴĻŗŕŋŐŉő ľőŘŝŘőŖšŗ

ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĩļŬĩĻ

gŴ ĵŚŴīŐŝŕœőŉŜ ĴŉŗśōŚőşŉŜŉŖŉœŝŔ

ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ Ú ĵŉŚœōŜőŖŏ

hŴ ĵŚŴīŐŗŌőşŉŜ ĬŝŖŜŉŖŉśŉŚŖ

ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĻŉŔōś ĬōŘŉŚŜŕōŖŜ

iŴ ĵŚŴķŖŏųŉŚŌ İŉŚŖŜŉşōōśŗŕŘŗŖō

ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ļōŔōŋŗŕ ĻŉŔōś

a`Ŵ ĵŚŴĶŉŚŉŋŐōŜ īŐŉŜŜŚŉŜőŜőŘŐŉŖ

ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų įŗŞōŚŖŕōŖŜ ĻŉŔōś

aaŴ ĵŚŴĻŝŘŉŜ ĬŝŔšŉœŝŘŜ

ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ļōŋŐŖőŋŉŔ ĻŝŘŘŗŚŜ

abŴ ĵŚŴĸŝŜŜő ĬŐŉŕŚŗŖŏśőŚőŞŉŌŐ

ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų īŝśŜŗŕōŚ ĻōŚŞőŋō

acŴ ĵśŴĻŝŚōōŚŉŜ ĸŚŉŋŐŉšŉŖŝœŝŔ

ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĮőŖŉŖŋőŉŔ īŗŖŜŚŗŔŔōŚ

adŴ ĵŚŴĳőŜŜőŘŉŖ įŉŖŖőŏŉŜŉŖŉŖŗŖ

ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĸŚŗŒōŋŜ ĵŉŖŉŏōŕōŖŜ

aeŴ ĵŚŴĳŚőōŖŏœŚŉő ĶőśśšŉŖ

ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĪŝśőŖōśś ĬōŞōŔŗŘŕōŖŜ

afŴ ĵŚŴĺŉŔŎ İŝŖŌōŚŜŕŉŚœ

ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų ĪŝśőŖōśś ĬōŞōŔŗŘŕōŖŜ

agŴ ĵŚŴľŗŚŉŞőŜ ĿŉŜŜŉŖŉœŝŔŒŉŚŝś

ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ ų īŗŕŘŉŖš ĻōŋŚōŜŉŚš

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

The Directors’ Remunerations in 2011 Full Name

Position

aŴ ĵŚŴ ļŐŉŖŉ īŐŉőŘŚŉśőŜ

īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌ

bŴ ĵŚŴ ĸŗŖŏŜōŘ ĸŗŔŉŖŝŖ

Remuneration Fee Total

Monthly Salary Total

Annual Gratuity

Annual Total

a``Ų```

ah`Ų``` aŲe``Ų``` aŲgh`Ų```

ľőŋō īŐŉőŚŕŉŖ ŉŖŌ Director Independent

f`Ų```

ifŲ``` aŲ```Ų``` aŲaefŲ```

cŴ ĵŚŴ ĻőŚőŘŗŖŏ ķŗŖŜŗŚŖŘŉŖ

ĬőŚōŋŜŗŚ

f`Ų```

ifŲ``` aŲ```Ų``` aŲaefŲ```

dŴ ĵŚŴ ĳőŜŜőśŉœ ĻŗŘŋŐŗœŋŐŉő

ĬőŚōŋŜŗŚ

f`Ų```

ifŲ``` aŲ```Ų``` aŲaefŲ```

eŴ ĵŚŴ ĻŝŚŉŘŗŚŖ ĺŉœŜŉŘŚŉŋŐőŜ

ĬőŚōŋŜŗŚ

f`Ų```

ifŲ``` aŲ```Ų``` aŲaefŲ```

fŴ ĵŚŴ īŐŉŜŋŐŉő ŁōŖŊŉŕŚŗŗŖŏ

ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚ

cfŲ```

ifŲ``` aŲ```Ų``` aŲacbŲ```

gŴ ĵŚŴ ĳőŒŒŉ ĴŉŗŊŗŗŖŋŐŉő

ĬőŚōŋŜŗŚ

f`Ų```

ifŲ``` aŲ```Ų``` aŲaefŲ```

hŴ ĵŚŴ īŐŗœōŋŐŉő ļŉŖŘŗŗŖśőŖŜŐŉŖŉ ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚ

dhŲ```

ifŲ``` aŲ```Ų``` aŲaddŲ```

iŴ ĵŚŴ ĻŚőŘŗŘ ĻŉŚŉśŉś

ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚ

f`Ų```

ifŲ``` aŲ```Ų``` aŲaefŲ```

a`Ŵ ĵŚŴ ĸőśŉœ īŐŉŚŝŌőŔŉœŉ

ĬőŚōŋŜŗŚ

f`Ų```

ifŲ``` aŲ```Ų``` aŲaefŲ```

aaŴ ĵŚŴ īŐŗŌőşŉŜ ĬŝŖŜŉŖŉśŉŚŖ

ĬőŚōŋŜŗŚ

f`Ų```

ifŲ``` aŲ```Ų``` aŲaefŲ```

664,000

1,140,000 11,500,000 13,304,000

Total

ĺōŕŉŚœśĢ ļŐō ŚōŕŝŖōŚŉŜőŗŖś ŔőśŜōŌ ŉŚō ŉŋŋŗŚŌőŖŏ Ŝŗ ŜŐō ŚōśŗŔŝŜőŗŖ ŎŚŗŕ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏ ĶŗŴ aŵb`ì ŗŖ ĩŘŚőŔ bdŜŐŲ b`ìĢ aŴ ļŐō īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŚōŋōőŞōŌ ŉ ŚōŕŝŖōŚŉŜőŗŖ Ŏōō ŗŎ b`Ų``` ĪŉŐŜ ŘōŚ ŕōōŜőŖŏ ŉŖŌ ŚōŋōőŞōŌ ŉ ŕŗŖŜŐŔš śŉŔŉŚš ŗŎ aeŲ``` ĪŉŐŜģ bŴ ĩ ĬőŚōŋŜŗŚ ŚōŋōőŞōŌ ŉ ŕŗŖŜŐŔš ŚōŕŝŖōŚŉŜőŗŖ Ŏōō ŉŜ abŲ``` ĪŉŐŜ ŉŖŌ ŚōŋōőŞōŌ ŕŗŖŜŐŔš śŉŔŉŚš ŉŜ hŲ``` ĪŉŐŜģ cŴ ĩŋŋŗŚŌőŖŏ Ŝŗ ĩįĵ ĶŗŴ aŵbàa ŗŖ hŜŐ ĩŘŚőŔ bàaŲ ŜŐō ŚōśŗŔŝŜőŗŖ şŉś Ŝŗ Řŉš ŉ ŜŗŜŉŔ ŉŖŖŝŉŔ ŏŚŉŜŝőŜš Ŝŗ ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś 11.5 million Baht.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

The Audit Committee’s Remuneration Full Name

Position

Remuneration Monthly Salary Fee Total Total

Annual Gratuity

Annual Total

aŴ ĵŚŴ īŐŗœōŋŐŉő ļŉŖŘŗŗŖśőŖŜŐŉŖŉ

īŐŉőŚŕŉŖ

h`Ų```

ah`Ų```

bf`Ų```

bŴ ĵŚŴ ĸŗŖŏŜōŘ ĸŗŔŉŖŝŖ

ĬőŚōŋŜŗŚ

geŲ```

ab`Ų```

aieŲ```

cŴ ĵŚŴ ĻŚőŘŗŘ ĻŉŚŉśŉś

ĬőŚōŋŜŗŚ

geŲ```

ab`Ų```

aieŲ```

230,000

420,000

650,000

Total

ĺōŕŉŚœśĢ ļŐō ĬőŚōŋŜŗŚśÝ ŋŗŕŘōŖśŉŜőŗŖ ŉŚō ŉŋŋŗŚŌőŖŏ Ŝŗ ŜŐō ŚōśŗŔŝŜőŗŖ ŗŎ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏ ĶŗŴaŵb``i ŗŖ ĩŘŚőŔ bdŜŐŲ b``i aŴ ļŐō īŐŉőŚŕŉŖ ŚōŋōőŞōŌ ŉ ŚōŕŝŖōŚŉŜőŗŖ Ŏōō ŗŎ b`Ų``` ĪŉŐŜ ŘōŚ ŕōōŜőŖŏ ŉŖŌ ŚōŋōőŞōŌ ŕŗŖŜŐŔš śŉŔŉŚš ŉŜ aeŲ``` ŊŉŐŜŴ bŴ ĩ ĬőŚōŋŜŗŚ ŚōŋōőŞōŌ ŉ ŕŗŖŜŐŔš ŚōŕŝŖōŚŉŜőŗŖ Ŏōō ŗŎ aeŲ``` ĪŉŐŜ ŉŖŌ ŚōŋōőŞōŌ ŉ ŕŗŖŜŐŔš śŉŔŉŚš ŗŎ a`Ų``` ĪŉŐŜŴ

The Nomination and Remuneration Comittee’s Remuneration Full Name

Position

Remuneration Monthly Salary Fee Total Total

Annual Gratuity

Annual Total

aŴ ĵŚŴ ĸŗŖŏŜōŘ ĸŗŔŉŖŝŖ

īŐŉőŚŕŉŖ

d`Ų```

bŴ ĵŚŴ ĻőŚőŘŗŖŏ ķŗŖŜŗŚŖŘŉŖ

ĬőŚōŋŜŗŚ

c`Ų```

cŴ ĵŚŴ ĻŚőŘŗŘ ĻŉŚŉśŉś

ĬőŚōŋŜŗŚ

c`Ų```

dŴ ĵŚŴ ĳőŜŜőśŉœ ĻŗŘŋŐŗœŋŐŉő

ĬőŚōŋŜŗŚ

c`Ų```

eŴ ĵŚŴ ĻŝŚŉŘŗŚŖ ĺŉœŜŉŘŚŉŋŐőŜ

ĬőŚōŋŜŗŚ

c`Ų```

160,000

Total

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Directors Remuneration Unit: million Baht Committee

Transaction

2011

aŴ ĩŝŌőŜ īŗŕŕőŜŜōō

ĻŐŗŚŜ ų ŜōŚŕ ōŕŘŔŗšōō ŊōŖōŎőŜś

2. Management and ĭŠōŋŝŜőŞō ĬőŚōŋŜŗŚś

ĻŐŗŚŜ ų ŜōŚŕ ōŕŘŔŗšōō ŊōŖōŎőŜś ŉŖŌ ĸŗśŜ ų ōŕŘŔŗšŕōŖŜ ŊōŖōŎőŜś

cŴ ĬőŚōŋŜŗŚś şŐŗ ŉŚō ŖŗŜ ŉ ŕōŕŊōŚ ĻŐŗŚŜ ų ŜōŚŕ ōŕŘŔŗšōō ŊōŖōŎőŜś of the Audit Committee and ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōō

2010

2009

(Restated)

dŴ`

cŴ`

bŴe

accŴ`

a`hŴ`Ű

5.0

4.0

2.6

Remarks: * The increase in remuneration from 2009 to 2010 was due to the Company’s restructuring in accordance to the definition of ÜĵŉŖŉŏōŕōŖŜÝ ŉś ŉŖŖŗŝŖŋōŌ Ŋš ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖ ŮĻĭīůŴ

Other Benefits ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ İŉś ŉŖ őśśŝō ŗŎ cŲ```Ų``` ŝŖőŜś ŗŎ şŉŚŚŉŖŜś Ŝŗ ŜŐō īŗŕŘŉŖšÝś ŌőŚōŋŜŗŚś ŉŖŌŵŗŚ ōŕŘŔŗšōōś ŝŖŌōŚ ŜŐō ĭĵĸĴķŁĭĭ Ļļķīĳ ķĸļıķĶĻ ĸĴĩĶ ŮĭĻķĸůŴ ļŐōśō şŉŚŚŉŖŜś şōŚō őśśŝōŌ ŗŖ ķŋŜŗŊōŚ astŲ b``g ŉŖŌ şőŔŔ ōŠŘőŚō őŖ e šōŉŚś ŎŚŗŕ ŜŐŉŜ ŌŉŜōŴ ļŐō ŘōŚőŗŌ Ŝŗ ōŠōŚŋőśō şŉŚŚŉŖŜś őś śōŜ ŉś ŊōőŖŏ ŜŐō ŔŉśŜ şŗŚœőŖŏ Ōŉš ŗŎ ĩŝŏŝśŜ ōŉŋŐ šōŉŚŴ ļŐō ŚŉŜőŗ Ŝŗ ōŠōŚŋőśō ŜŐō ŚőŏŐŜ ŗŎ a ŝŖőŜ őś ŘōŚ a ŋŗŕŕŗŖ śŐŉŚō ŉŖŌ ŜŐō ŘŚőŋō őś a` ĪŉŐŜ ŘōŚ śŐŉŚōŴ ļŐō ŜŐőŚŌ ōŠōŚŋőśō ŗŎ şŉŚŚŉŖŜś ŮĭĻķĸů ŗŖ ĩŝŏŝśŜ caśŜŲ b`aa őś śŝŕŕŉŚőŢōŌ ŉś ŎŗŔŔŗşśĢ

aŴ ĶŝŕŊōŚ ŗŎ ŘōŚśŗŖś şŐŗ śŝŊŕőŜŜōŌ Ŝŗ ōŠōŚŋőśō ŜŐōőŚ ŚőŏŐŜś bŴ ĶŝŕŊōŚ ŗŎ şŉŚŚŉŖŜś őŖ ŜŐō ōŠŋōŚŋőśō cŴ ĶŝŕŊōŚ ŗŎ ŋŗŕŕŗŖ śŜŗŋœ ŎŚŗŕ ŜŐō ōŠōŚŋőśō dŴ ĩŕŗŝŖŜ ŗŎ ŕŗŖōš ŚōŋōőŞōŌ ŎŚŗŕ ŜŐō ōŠōŚŋőśō eŴ ĶŝŕŊōŚ ŗŎ ŜŐō ŚōŕŉőŖőŖŏ şŉŚŚŉŖŜś

bf gbhŲ``` gbhŲe`` gŲbh`Ų``` g`eŲ```

ŘōŚśŗŖś ŝŖőŜś śŐŉŚōś ĪŉŐŜ ŝŖőŜś

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Internal Control Risk Management ĻőŖŋō ŜŐō īŗŕŘŉŖš ŚōŞōŖŝōś ŉŚō ŕŗśŜŔš ŊŉśōŌ ŗŖ ŘŚŗŒōŋŜś ŉşŉŚŌōŌ ŎŚŗŕ ŊőŌŌőŖŏŲ ŜŐō īŗŕŘŉŖš Őŉś ŚōŉŔőŢōŌ ŜŐŉŜ ŜŐō Śőśœ ŗŎ ŖŗŜ şőŖŖőŖŏ ŜŐō ŘŚŗŒōŋŜś ŕŉš ŐŉŚŕ ŜŐō īŗŕŘŉŖšÝś ŎőŖŉŖŋőŉŔ śŜŉŜŝśŴ ļŐōŚōŎŗŚōŲ ŜŐō īŗŕŘŉŖš ŌōŋőŌōŌ Ŝŗ őŖŋŗŚŘŗŚŉŜō ŉ risk management policy as a major part of business management. The Company also set up a risk committee to be in charge ŗŎ ōŠōŋŝŜőŖŏ ŜŐō īŗŕŘŉŖšÝś Śőśœ ŕŉŖŉŏōŕōŖŜ ŘŗŔőŋšŴ ļŐō ŕŉőŖ ŚōśŘŗŖśőŊőŔőŜőōś ŗŎ ŜŐō Śőśœ ŋŗŕŕőŜŜōō ŉŚō ŉś ŎŗŔŔŗşśĢ ä ıŌōŖŜőŎšőŖŏ ŜŐō œōš Śőśœś Ŝŗ ŜŐō īŗŕŘŉŖš ŎŚŗŕ ŞŉŚőŗŝś ŘōŚśŘōŋŜőŞōś ŚŉŖŏőŖŏ ŎŚŗŕ ŎőŖŉŖŋőŉŔ śŜŉŜŝś ŜŐŚŗŝŏŐ Ŝŗ ŘŚŗŒōŋŜ ŕŉŖŉŏōŕōŖŜŲ ŜōŋŐŖŗŔŗŏš őśśŝōśŲ ŉŖŌ ŜŐō ōŠŜōŚŖŉŔ ŉŖŌ őŖŜōŚŖŉŔ ŊŝśőŖōśś ōŖŞőŚŗŖŕōŖŜŴ ä ĸŚŗŞőŌőŖŏ ŏŝőŌōŔőŖōś ŉŖŌ ŕŉŖŉŏőŖŏ ŉŖŌ ŋŗŖŜŚŗŔŔőŖŏ ŜŐō īŗŕŘŉŖš Śőśœ śŝŋŐ ŜŐŉŜ ŜŐō Śőśœś ŉŚō şőŜŐőŖ ŉŖ ŉŘŘŚŗŞŉŔ ŔōŞōŔ and thus delivering both a project completion and financial return to the Company.

Internal control The Company has a policy to have and maintain an efficient and effective internal control system. The Board of Directors and the management team are responsible for maintaining the internal control system and reviewing its efficiency on a regular basis in order to safeguard the shareholders’ investments and the Company’s assets. The internal control system covers the ŉŚōŉś ŗŎ ŎőŖŉŖŋōŲ ŗŘōŚŉŜőŗŖśŲ ŋŗŕŘŔőŉŖŋō ŉŖŌ Śőśœ ŕŉŖŉŏōŕōŖŜŲ ŉŖŌ ŘŚŗŞőŌōś ŉ ŚōŉśŗŖŉŊŔō ŉśśŝŚŉŖŋō ŜŐŉŜ ŜŐō ŎŗŔŔŗşőŖŏ objectives and goals will be achieved: ä ĺōŔőŉŊőŔőŜš ŉŖŌ őŖŜōŏŚőŜš ŗŎ őŖŎŗŚŕŉŜőŗŖ ŉŖŌ ŎőŖŉŖŋőŉŔ ŚōŘŗŚŜś ä īŗŕŘŔőŉŖŋō şőŜŐ ŚōŏŝŔŉŜőŗŖśŲ ŘŗŔőŋőōśŲ ŘŚŗŋōŌŝŚōś ŉŖŌ ŚōŔŉŜōŌ Ŕŉşś ä ĻŉŎōŏŝŉŚŌőŖŏ ŗŎ ŜŐō īŗŕŘŉŖšÝś ŉśśōŜś ä ĭŎŎőŋőōŖŋšŲ ōŎŎōŋŜőŞōŖōśś ŉŖŌ ŗŘōŚŉŜőŗŖŉŔ ōŋŗŖŗŕš ŎŗŚ ōŕŘŔŗšŕōŖŜ ŗŎ ŚōśŗŝŚŋōś ä ĭŎŎōŋŜőŞō ŉŋŐőōŞōŕōŖŜ ŗŎ ŜŐō īŗŕŘŉŖšÝś ŗŊŒōŋŜőŞōś ŉŖŌ śŜŚŉŜōŏőōś The following points summarize the key control systems implemented by the Company:

1. Organization & Control Environment ļŐō īŗŕŘŉŖš Őŉś ŎŗŚŕŝŔŉŜōŌ ŊŝśőŖōśś ŘŔŉŖś ŋŗŕŘŔōŜō şőŜŐ ŗŊŒōŋŜőŞōśŲ śŜŚŉŜōŏőōśŲ ŔŗŖŏųŜōŚŕ ŞőśőŗŖ ŉŖŌ ŊŝŌŏōŜśŲ and has determined evaluation criteria. It has restructured the organization to align it with these business plans. The Comų ŘŉŖš Őŉś őŕŘŔōŕōŖŜōŌ ŉ ŏŗŗŌ ŋŗŚŘŗŚŉŜō ŏŗŞōŚŖŉŖŋō śšśŜōŕŲ ŐőŚōś řŝŉŔőŎőōŌ ŘōŚśŗŖŖōŔ ŉŖŌ ŋŗŖŜőŖŝŗŝśŔš ŌōŞōŔŗŘś őŜś ŐŝŕŉŖ ŚōśŗŝŚŋōśŴ ıŜ Őŉś ōśŜŉŊŔőśŐōŌ œōš ŘŗŔőŋőōś ŉŖŌ ŘŚŗŋōŌŝŚōś Ŝŗ Ŋō ŝśōŌ ŉś ŏŝőŌōŔőŖōś őŖ ŗŚŌōŚ Ŝŗ ŋŗŖŜŚŗŔ ŎőŖŉŖŋőŉŔ ŜŚŉŖśŉŋŜőŗŖśŲ ŘŝŚŋŐŉśőŖŏ ŉŋŜőŞőŜőōś ŉŖŌ Śőśœ ŕŉŖŉŏōŕōŖŜŴ īŗŌōś ŗŎ ŋŗŖŌŝŋŜ ŐŉŞō ŉŔśŗ ŊōōŖ ŌōŞōŔŗŘōŌ ŉś ŏŝőŌōŔőŖōś ŎŗŚ ŌőŚōŋŜŗŚśŲ ŕŉŖŉŏōų ment and employees.

2. Risk Assessment ļŐō īŗŕŘŉŖš Őŉś ŐŉŌ ŉ ŎŗŚŕŉŔőŢōŌŲ ōŖŜōŚŘŚőśōųşőŌō ŚőśœųŕŉŖŉŏōŕōŖŜ śšśŜōŕ őŖ ŘŔŉŋō śőŖŋō b``bŴ ļŐō ĺőśœ Management Committee and the Audit Committee play major roles in overseeing the implementation of the Company’s risk management system. Risk is an integral part of business activities therefore every member of each business unit has the task ŗŎ ŘōŚŎŗŚŕőŖŏ Śőśœ ŉśśōśśŕōŖŜś şŐōŖ ōŠōŋŝŜőŖŏ ŊŝśőŖōśś ŜŚŉŖśŉŋŜőŗŖśŴ

3. Management Control The Company has established controls over the various management duties and their segregation in order to ensure there is a system of checks and balances through the use of proper written authority and approval levels and limits. Guidelines for connected and related transactions have also been developed to ensure compliance with all relevant laws.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

4. Information and Communication The Company has implemented a management information system to assist in decision making. Critical informaų ŜőŗŖ ŉŖŌ ŌŉŜŉ őś ŋŗŔŔōŋŜōŌŲ ŉŖŉŔšŢōŌ ŉŖŌ śŜŗŚōŌ őŖ ŜŐō īŗŕŘŉŖšÝś ŌŉŜŉŊŉśōŴ ļşŗųşŉš ŋŗŕŕŝŖőŋŉŜőŗŖś ŉŚō ŊŗŜŐ ōŎŎōŋŜőŞō ŉŖŌ ōŎŎőŋőōŖŜ şőŜŐőŖ ŜŐō īŗŕŘŉŖšŴ ĩŜ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŔōŞōŔŲ őŖŎŗŚŕŉŜőŗŖ ŉŖŌ śŝŘŘŗŚŜőŖŏ ŌŗŋŝŕōŖŜŉŜőŗŖ ŉŚō ŘŚŗŞőŌōŌ Ŝŗ ŉŔŔ members in order to make more informed decision making possible.

5. Monitoring The monitoring system is handled by the management team and the Board of Directors to assess adherence to ōśŜŉŊŔőśŐōŌ ŘŔŉŖśŴ ļŐō őŖŜōŚŖŉŔ ŉŝŌőŜ ŌōŘŉŚŜŕōŖŜ őś ŚōśŘŗŖśőŊŔō ŎŗŚ ŕŗŖőŜŗŚőŖŏ ŜŐō őŖŜōŚŖŉŔ ŋŗŖŜŚŗŔś őŖŌōŘōŖŌōŖŜŔšŲ ŉŖŌ ŏőŞőŖŏ an assessment and recommendations to the management team. The Board of Directors assessed the following five areas of the Company’s internal control system: organization and control environment; risk management; management control; information and communication; and monitoring. The Board of Directors found that the internal control system was operating effectively. ĭŚŖśŜ ŉŖŌ ŁŗŝŖŏ ķŎŎőŋō ĴőŕőŜōŌŲ ŜŐō īŗŕŘŉŖšÝś ōŠŜōŚŖŉŔ ŉŝŌőŜŗŚśŲ şŐŗ ŋŗŖŌŝŋŜōŌ ŜŐō ŉŝŌőŜ ŗŎ ŜŐō b`aa ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśŲ ŋŗŖŋŔŝŌōŌ ŜŐŉŜ ŜŐōŚō şŉś Ŗŗ ŕŉŜōŚőŉŔ ŌōŎőŋőōŖŋš őŖ ŜŐō īŗŕŘŉŖšÝś ŉŋŋŗŝŖŜőŖŏ ŉŖŌ ŎőŖŉŖŋőŉŔ ŋŗŖŜŚŗŔ śšśŜōŕŴ

Internal Audit ļŐō ŋŗŕŘŉŖš Őŉś ŐőŚōŌ Ĭıĩ ŉŖŌ ĩśśŗŋőŉŜōś īŗŴŲ ĴŜŌŴŲ şŐŗ ŘŚŗŞőŌōś őŖŜōŚŖŉŔ ŉŝŌőŜ śōŚŞőŋōśŲ Ŝŗ ŘōŚŎŗŚŕ ŜŐō őŖŜōŚŖŉŔ ŉŝŌőŜŴ ļŐō őŖŜōŚŖŉŔ ŉŝŌőŜ ŌōŘŉŚŜŕōŖŜ ŚōŘŗŚŜś ŌőŚōŋŜŔš Ŝŗ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōōŲ ĵŉŖŉŏőŖŏ ĬőŚōŋŜŗŚ ŉŖŌ ŜŐō ĸŚōśőŌōŖŜŴ ıŜś ŌŝŜőōś ŉŖŌ ŚōśŘŗŖśőŊőŔőŜőōś őŖŋŔŝŌō ŕŗŖőŜŗŚőŖŏ ŉŖŌ ŉśśōśśőŖŏ ŜŐō ōŎŎōŋŜőŞōŖōśś ŗŎ ŜŐō īŗŕŘŉŖšÝśŲ ŉŖŌ őŜś śŝŊśőŌőŉŚőōśÝŲ őŖŜōŚŖŉŔ ŋŗŖŜŚŗŔ śšśŜōŕśŲ Śőśœ ŕŉŖŉŏōŕōŖŜ śšśŜōŕś ŉŖŌ ŋŗŚŘŗŚŉŜō ŏŗŞōŚŖŉŖŋō Ŝŗ ōŖśŝŚō ŜŐŉŜ ŜŐōśō ŉŚō ŉŌōřŝŉŜō ŉŖŌ ōŎŎōŋŜőŞōŴ ļŐō őŖŜōŚŖŉŔ ŉŝŌőŜ ŌōŘŉŚŜŕōŖŜ Őŉś ŉŌŗŘŜōŌ ŉ ŚőśœųŊŉśōŌ ŉŘŘŚŗŉŋŐ őŖ ŎŗŚŕŝŔŉŜőŖŏ ŜŐō ŉŖŖŝŉŔ ŉŝŌőŜ ŘŔŉŖ şŐőŋŐ Ŏŗŋŝśōś on key business risks that might have an impact on business goals and the accuracy of financial reports. This plan is reviewed and approved by the Audit Committee on an annual basis. The Audit Committee also reviews the audit results and progress reports on a quarterly basis. The internal audit department conducts its activities by referring to the publication International Standards for the Proų fessional Practice of Internal Auditing as its framework. All the internal audit staff members are provided with the correct training ŉŖŌ ŜŐō ŖōŋōśśŉŚš ŕōŜŐŗŌŗŔŗŏš Ŝŗ ŋŉŚŚš ŗŝŜ ŜŐō ŗŘōŚŉŜőŗŖŉŔŲ ŋŗŕŘŔőŉŖŋōŲ ŎőŖŉŖŋőŉŔ ŉŖŌ őŖŎŗŚŕŉŜőŗŖ ŜōŋŐŖŗŔŗŏš ŉŝŌőŜś ōŎŎōŋŜőŞōŔšŴ īŗŕŕōŖŋőŖŏ őŖ b`a`Ų ŜŐō ŋŗŕŘŉŖš Őŉś ŎŗŔŔŗşōŌ ŜŐō ŘŚŗŋōśś ŉŋŋŗŚŌőŖŏ Ŝŗ őŜś ÜĩŝŌőŜ īŗŕŕőŜŜōō īŐŉŚŜōŚÝ őŖ ŗŚŌōŚ Ŝŗ ŕŉőŖŜŉőŖ an effective internal control function into the future. The ‘Audit Committee Charter’ was approved by the Board of Directors resolution No.4/2010. ĵŗŚōŗŞōŚŲ ŜŐō īŗŕŘŉŖš ōŕŘŔŗšś őŜś őŖŜōŚŖŉŔ ŋŗŖŜŚŗŔ ŉŋŋŗŚŌőŖŏ Ŝŗ ŜŐō őŖŜōŚŖŉŜőŗŖŉŔ śŜŉŖŌŉŚŌś ŗŎ ŜŐō īŗŕŕőŜŜōō ŗŎ ĻŘŗŖų śŗŚőŖŏ ķŚŏŉŖőŢŉŜőŗŖ ŗŎ ŜŐō ļŚōŉŌşŉš īŗŕŕőśśőŗŖ ŮīķĻķů

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Financial Information Related Party Transactions The company has issued guidelines regarding the related transaction in compliance with the requirements of the SEC’s ŖŗŜőŎőŋŉŜőŗŖ ŉŖŌ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌ ŉś şōŔŔ ŉś ŚōŔŉŜōŌ ŔŉşśŴ ļŐŉŜ ŎŗŔŔŗşśŲ

1. Measures of procedures for approval of related transactions ļšŘőŋŉŔŔšŲ ŜŐō ŚōŔŉŜōŌ ŜŚŉŖśŉŋŜőŗŖś ŗŎ ŜŐō ŋŗŕŘŉŖš őś ŜŐō ŋŉśŐ ŉŌŞŉŖŋō Ŝŗ ŌőŚōŋŜŗŚś ŗŚ ōŕŘŔŗšōōś Ŝŗ ŌōŞōŔŗŘ ŉŖŌŵŗŚ ŗŘōŚŉŜō ŜŐō ŘŚŗŒōŋŜŲ şŐőŋŐ ŉŚō ŋŗŖŜŚŗŔŔōŌ Ŋš ŜŐō ŊŝŌŏōŜ ŋŗśŜ ŗŎ ōŉŋŐ ŘŚŗŒōŋŜŴ ļŐō ŋŗŕŘŉŖš Őŉś ŋŔōŉŚŔš ŌōŎőŖōŌ ŉ śōŜ ŗŎ śŜōŘś in the approval and the authorized person to approve. ĮŗŚ ŜŐō ŉŘŘŚŗŞŉŔ ŘŚŗŋōśś ŗŎ ŚōŔŉŜōŌ ŜŚŉŖśŉŋŜőŗŖ őŖ ŜŐō ŎŝŜŝŚōŲ ŜŐō ŋŗŕŘŉŖš ŉŖŖŗŝŖŋōŌ ŜŐō ŏŝőŌōŔőŖō ŗŎ ŐŉŞőŖŏ ŜŚŉŖśŉŋŜőŗŖś şőŜŐ ŕŉŒŗŚ śŐŉŚōŐŗŔŌōŚśŲ ŌőŚōŋŜŗŚś ŉŖŌ ōŠōŋŝŜőŞōś ŉśśŗŋőŉŜōŌ ŘōŚśŗŖś ŎŗŚ ŉŔŔ ōŕŘŔŗšōōś Ŝŗ Ŋō őŖŎŗŚŕōŌ ŉŖŌ ŋŗŕŘŔőōŌ şőŜŐŴ

2. Policy or tendency of the future related transactions ļŚōŖŌ ŗŎ ŎŝŜŝŚō ŚōŔŉŜōŌ ŜŚŉŖśŉŋŜőŗŖś őŖŋŔŝŌō Ůaů ŋŉśŐ ŉŌŞŉŖŋō ŘŉőŌ Ŝŗ ŌőŚōŋŜŗŚś ŉŖŌ ōŕŘŔŗšōōś ŉŚō őŜōŕś ŜŐŉŜ ŗŋŋŝŚ ŚōŏŝŔŉŚŔš śőŖŋō ŜŐō ŗŘōŚŉŜőŗŖś ŗŎ ŜŐō ŋŗŕŘŉŖš ŖōōŌ Ŝŗ śōŖŌ śŜŉŎŎ Ŝŗ ŕŉœō ŌōŔőŞōŚšŲ őŖśŜŉŔŔ ōřŝőŘŕōŖŜ ŗŚ ŜŚŉŞōŔ Ŝŗ ōŠŉŕőŖō ŜŐō şŗŚœ ŉŋŋōŘŜŉŖŋō ŘŚŗŋōśś ŗŎ ŋŝśŜŗŕōŚśŴ ļŐōŚōŎŗŚōŲ ŜŐō ŋŗŕŘŉŖš Őŉś śōŜ ŉ ŊŝŌŏōŜ Ŝŗ ŋŗŖŜŚŗŔ ŜŐō ŋŉśŐ ŉŌŞŉŖŋō Ůbů ŋŉśŐ ŗŖ ŐŉŖŌ ŎŗŚ ŌŉőŔš ŗŘōŚŉŜőŗŖ ŚōśōŚŞōŌ Ŝŗ Řŉš ŉŊŗŝŜ ŊŉŐŜ be`Ų``` Ŋš ŜŐō ŌōŘŝŜš śōŖőŗŚ ŎőŖŉŖŋō ŌőŚōŋŜŗŚ şŐŗ şőŔŔ ŕŉŖŉŏō ŉŖŌ ŌōŜōŚŕőŖō ŜŐō ŉŘŘŚŗŘŚőŉŜō ŌőśŊŝŚśōŕōŖŜ ŗŎ ōŉŋŐ ŜŚŉŖśŉŋŜőŗŖŴ ĵŗŚōŗŞōŚŲ ŜŐō īŗŕŘŉŖš Őŉś śōŜ ŉ şŚőŜŜōŖ ŜŐō ŋŉśŐ ŚōśōŚŞōś ŘŗŔőŋš Ŝŗ Řŉš Ōŉš ŉŖŌ Ůců ŜŐō īŗŕŘŉŖš Őŉś Ŗŗ ŘŗŔőŋš Ŝŗ ŝśō ŜŐō ŌőŚōŋŜŗŚśÝ ŘŚŗŘōŚŜš Ŝŗ ŏŝŉŚŉŖŜōō ŘŉšŕōŖŜŴ ĮŗŚō ŚōŔŉŜōŌ ŜŚŉŖśŉŋŜőŗŖś őŖ ŜŐō ŎŝŜŝŚōŲ ŜŐō īŗŕŘŉŖš Őŉś ŉśśőŏŖōŌ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō ŉŖŌ ŵ ŗŚ ŌőŚōŋŜŗŚś ŗŎ ŜŐō īŗŕŘŉŖš Ŝŗ ŞōŚőŎš ŜŐō ŚōŉśŗŖŉŊŔōŖōśś ŗŎ ŜŚŉŖśŉŋŜőŗŖ őŖ ŋŗŕŘŔőŉŖŋō şőŜŐ Ŕŉş ŉŖŌ ŖŗŜőŎőŋŉŜőŗŖ ŗŎ ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō Commission prior to making the transaction. ĩŋŋŗŚŌőŖŏ Ŝŗ ŜŐō ŉŝŌőŜōŌ ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜ ōŖŌōŌ ĬōŋōŕŊōŚ caŲ b`aa Ŋš ŜŐō ŉŝŌőŜŗŚŲ ŜŐō ŔőśŜ ŗŎ ŚōŔŉŜōŌ ŜŚŉŖśŉŋŜőŗŖ is the following. ĬŝŚőŖŏ ŜŐō šōŉŚśŲ ŜŐō īŗŕŘŉŖš ŉŖŌ őŜś śŝŊśőŌőŉŚš ŐŉŌ śőŏŖőŎőŋŉŖŜ ŊŝśőŖōśś ŜŚŉŖśŉŋŜőŗŖś şőŜŐ ŚōŔŉŜōŌ ŘŉŚŜőōśŴ ĻŝŋŐ ŜŚŉŖśų ŉŋŜőŗŖśŲ şŐőŋŐ ŉŚō śŝŕŕŉŚőśōŌ ŊōŔŗşŲ ŉŚŗśō őŖ ŜŐō ŗŚŌőŖŉŚš ŋŗŝŚśō ŗŎ ŊŝśőŖōśś ŉŖŌ şōŚō ŋŗŖŋŔŝŌōŌ ŗŖ ŋŗŕŕōŚŋőŉŔ ŜōŚŕś ŉŖŌ bases agreed upon between the Company and those related parties. ŮĽŖőŜĢ ŕőŔŔőŗŖ ĪŉŐŜů Consolidated Separate Financial Statements Financial Statements Transactions with Subsidiary (eliminated from the consolidated ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśů ĸŝŚŋŐŉśōś ŏŗŗŌś ŉŖŌ śōŚŞőŋōś Transactions with related companies ĻŉŔōś ŉŖŌ śōŚŞőŋōś őŖŋŗŕō ĸŝŚŋŐŉśōś ŏŗŗŌś ŉŖŌ śōŚŞőŋōś

Transfer Pricing Policy

2011

2010

2011

2010

īŗŕŘōŜőŜőŞō ŉŏŚōōŌųŝŘŗŖ ŘŚőŋō

fc i`

a` hd

eb hf

ų hd

īŗŕŘōŜőŜőŞō ŉŏŚōōŌųŝŘŗŖ ŘŚőŋō īŗŕŘōŜőŜőŞō ŉŏŚōōŌųŝŘŗŖ ŘŚőŋō

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

The balances of the accounts as at 31 December 2011 and 2010 between the Company and those related parties are as follows:

ŮĽŖőŜĢ ŕőŔŔőŗŖ ĪŉŐŜů Consolidated Financial Statements

Separate Financial Statements

2011

2010

2011

Trade and other receivables - related party (Note 10) ĻŋŉŔō ĸŔŗŜŜőŖŏ īōŖŜōŚ īŗŴŲ ĴŜŌŴ ļŗŜŉŔ ŜŚŉŌō ŉŖŌ ŗŜŐōŚ ŚōŋōőŞŉŊŔōś ų ŚōŔŉŜōŌ ŘŉŚŜš

ee ee

e e

ee ee

ų ų

Unbilled receivable - related party ĻŋŉŔō ĸŔŗŜŜőŖŏ īōŖŜōŚ īŗŴŲ ĴŜŌŴ ļŗŜŉŔ ŝŖŊőŔŔōŌ ŚōŋōőŞŉŊŔō ų ŚōŔŉŜōŌ ŘŉŚŜš

ab ab

ų ų

Advance payments for goods and service - related party (Note 12) ĻŋŉŔō ĸŔŗŜŜőŖŏ īōŖŜōŚ īŗŴŲ ĴŜŌŴ ļŗŜŉŔ ŉŌŞŉŖŋō ŘŉšŕōŖŜś ŎŗŚ ŏŗŗŌś ŉŖŌ śōŚŞőŋō ų ŚōŔŉŜōŌ ŘŉŚŜš

ų ų

bc bc

ų ų

bc bc

Trade and other payables - related party (Note 18) ĻŋŉŔō ĸŔŗŜŜőŖŏ īōŖŜōŚ īŗŴŲ ĴŜŌŴ ļŗŜŉŔ ŜŚŉŌō ŉŖŌ ŗŜŐōŚ ŘŉšŉŊŔōś ų ŚōŔŉŜōŌ ŘŉŚŜš

ų ų

d d

ų ų

d d

2010

Directors and management’s benefit ĬŝŚőŖŏ ŜŐō šōŉŚ ōŖŌōŌ ca ĬōŋōŕŊōŚ b`aa ŉŖŌ b`a`Ų ŜŐō īŗŕŘŉŖš ŉŖŌ őŜś ĻŝŊśőŌőŉŚš ŐŉŌ ōŕŘŔŗšōō ŊōŖōŎőŜ ōŠŘōŖśōś payable to their directors and management as below.

ŮĽŖőŜĢ ŕőŔŔőŗŖ ĪŉŐŜů Related Parties

Related Transactions

Consolidated Financial Statements

Separate Financial Statements

2011

2010 (Restated)

ĩŝŌőŜ ŋŗŕŕőŜŜōō ĵŉŖŉŏōŕōŖŜ ŉŖŌ ōŠōŋŝŜőŞō ŌőŚōŋŜŗŚś ĬőŚōŋŜŗŚś şŐŗ ŉŚō ŖŗŜ ŕōŕŊōŚś of the audit committee or management committee

ĻŐŗŚŜųŜōŚŕ ōŕŘŔŗšōō ŊōŖōŎőŜś ĻŐŗŚŜųŜōŚŕ ōŕŘŔŗšōō ŊōŖōŎőŜś ĸŗśŜųōŕŘŔŗšŕōŖŜ ŊōŖōŎőŜś ĻŐŗŚŜųŜōŚŕ ōŕŘŔŗšōō ŊōŖōŎőŜś

d aca d e

c a`g d d

2010 (Restated)

d abi d e

c a`d d d

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Board of Directors’ Responsibility for Financial Reporting The Board of Directors are responsible for the Advanced Information Technology Public Company Limited’s financial statements and to the Advanced Information Technology Public Company Limited and its Subsidiaries’ consolidated financial śŜŉŜōŕōŖŜśŲ şŐőŋŐ őŖŋŔŝŌōś ŜŐō ŎőŖŉŖŋőŉŔ őŖŎŗŚŕŉŜőŗŖ ŘŚōśōŖŜōŌ őŖ ŜŐőś ĩŖŖŝŉŔ ĺōŘŗŚŜŴ ļŐō ŉŎŗŚōŕōŖŜőŗŖōŌ ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś are prepared in accordance with generally accepted accounting principles using careful judgment and the best estimation Important information is adequately and transparently disclosed in the notes to the financial statements for the Company shareholders and investors. ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś Őŉś ŘŚŗŞőŌōŌ ŉŖŌ ŕŉőŖŜŉőŖōŌ ŉ Śőśœ ŕŉŖŉŏōŕōŖŜ śšśŜōŕŲ ŜŗŏōŜŐōŚ şőŜŐ ŉŘŘŚŗŘŚőŉŜō ŉŖŌ ōŎŎőŋőōŖŜ őŖŜōŚŖŉŔ ŋŗŖŜŚŗŔśŲ śŗ ŉś Ŝŗ ōŖśŝŚō ŜŐŉŜ ŜŐō ŉŋŋŗŝŖŜőŖŏ ŚōŋŗŚŌś ŉŚō ŉŋŋŝŚŉŜōŲ ŚōŔőŉŊŔō ŉŖŌ ŉŌōřŝŉŜō őŖ ŗŚŌōŚ Ŝŗ ŘŚŗŜōŋŜ őŜś ŉśśōŜś and to uncover any weakness that may be present so as to prevent fraud or any other materially irregular operations. ıŖ ŜŐőś ŚōŏŉŚŌŲ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś Őŉś ŉŖ ŉŘŘŗőŖŜōŌ ĩŝŌőŜ īŗŕŕőŜŜōō Ŝŗ Ŋō ŚōśŘŗŖśőŊŔō ŎŗŚ ŚōŞőōşőŖŏ ŜŐō ŉŋŋŗŝŖŜőŖŏ ŘŗŔőŋš ŎőŖŉŖŋőŉŔ ŚōŘŗŚŜśŲ Ŝŗ ŚōŞőōş őŖŜōŚŖŉŔ ŋŗŖŜŚŗŔś ŉŖŌ Ŝŗ ŚōŞőōş ŜŐō őŖŜōŚŖŉŔ ŉŝŌőŜ ŉŖŌ Śőśœ ŕŉŖŉŏōŕōŖŜ śšśŜōŕśŴ ļŐō ĩŝŌőŜ Committee has also conducted a review of a disclosure of related party transactions. All their comments on these issues are included in the Audit Committee Report which is presented in this Annual Report. The financial statements of the Company and the consolidated financial statements of the Company and its subsidiaries ŐŉŞō ŊōōŖ ōŠŉŕőŖōŌ Ŋš ŉŖ ōŠŜōŚŖŉŔ ŉŝŌőŜŗŚ ŗŎ ĭŚŖśŜ ŉŖŌ ŁŗŝŖŏ ķŎŎőŋō ĴőŕőŜōŌŴ ļŐō ōŠŜōŚŖŉŔ ŉŝŌőŜŗŚ ŋŗŖŌŝŋŜōŌ ŜŐō ŉŝŌőŜś ŉŖŌ ōŠŘŚōśśōŌ ŉŖ ŗŘőŖőŗŖ őŖ ŉŋŋŗŚŌŉŖŋō şőŜŐ ŏōŖōŚŉŔŔš ŉŋŋōŘŜōŌ ŉŝŌőŜőŖŏ śŜŉŖŌŉŚŌśŴ ļŐō ōŠŜōŚŖŉŔ ŉŝŌőŜŗŚ şŉś ŘŚŗŞőŌōŌ şőŜŐ ŉŔŔ ŗŎ the Company’s records and related data as they requested. The auditor’s opinion is presented in the Auditor’s Report as part of this Annual Report. The Board of Directors considers the Company’s overall internal control system to be satisfactory and that it provides credibility and reliability to the Advanced Information Technology Public Company Limited’s financial statements and to the Advanced Information Technology Public Company Limited and its Subsidiaries’ consolidated financial statements for the year ended 31 December 2011. The Board of Directors also believes that all these financial statements have been prepared in accordance with generally accepted accounting principles and any related regulations.

Mr. Thana Chaiprasit

Mr.Siripong Oontornpan

Chairman of the Board

President

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Report of Independent Auditor To the Shareholders of Advanced Information Technology Public Company Limited I have audited the accompanying consolidated statements of financial position of Advanced Information Technology Pubų Ŕőŋ īŗŕŘŉŖš ĴőŕőŜōŌ ŉŖŌ őŜś śŝŊśőŌőŉŚš ŉś ŉŜ ca ĬōŋōŕŊōŚ bàaŲ ŉŖŌ ŜŐō ŚōŔŉŜōŌ ŋŗŖśŗŔőŌŉŜōŌ śŜŉŜōŕōŖŜś ŗŎ ŋŗŕŘŚōŐōŖśőŞō őŖŋŗŕōŲ ŋŐŉŖŏōś őŖ śŐŉŚōŐŗŔŌōŚśÝ ōřŝőŜš ŉŖŌ ŋŉśŐ ŎŔŗşś ŎŗŚ ŜŐō šōŉŚ ŜŐōŖ ōŖŌōŌŲ ŉŖŌ ŐŉŞō ŉŔśŗ ŉŝŌőŜōŌ ŜŐō śōŘŉŚŉŜō ŎőŖŉŖŋőŉŔ statements of Advanced Information Technology Public Company Limited for the same period. These financial statements are the responsibility of the management of the Company and its subsidiary as to their correctness and the completeness of the ŘŚōśōŖŜŉŜőŗŖŴ ĵš ŚōśŘŗŖśőŊőŔőŜš őś Ŝŗ ōŠŘŚōśś ŉŖ ŗŘőŖőŗŖ ŗŖ ŜŐōśō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś ŊŉśōŌ ŗŖ ŕš ŉŝŌőŜŴ ļŐō ŋŗŖśŗŔőŌŉŜōŌ financial statements of Advanced Information Technology Public Company Limited and its subsidiary and the separate financial śŜŉŜōŕōŖŜś ŗŎ ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ ŉś ŉŜ ca ĬōŋōŕŊōŚ bà` ŉŖŌ ŎŗŚ ŜŐō šōŉŚ ōŖŌōŌŲ ŉś ŘŚōśōŖŜōŌ ŐōŚōőŖ ŎŗŚ ŋŗŕŘŉŚŉŜőŞō ŘŝŚŘŗśōśŲ şōŚō ŉŝŌőŜōŌ őŖ ŉŋŋŗŚŌŉŖŋō şőŜŐ ŏōŖōŚŉŔŔš ŉŋŋōŘŜōŌ ŉŝŌőŜőŖŏ śŜŉŖŌŉŚŌś Ŋš ŉŖŗŜŐōŚ ŉŝŌőŜŗŚ ŗŎ ŗŝŚ ŎőŚŕ şŐŗ ōŠŘŚōśśōŌ ŉŖ ŝŖřŝŉŔőŎőōŌ ŗŘőŖőŗŖ ŗŖ ŜŐŗśō śŜŉŜōŕōŖŜśŲ ŝŖŌōŚ ŐōŚ ŚōŘŗŚŜ ŌŉŜōŌ ba ĮōŊŚŝŉŚš bàaŴ I conducted my audit in accordance with generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. ĩŖ ŉŝŌőŜ őŖŋŔŝŌōś ōŠŉŕőŖőŖŏŲ ŗŖ ŉ ŜōśŜ ŊŉśőśŲ ōŞőŌōŖŋō śŝŘŘŗŚŜőŖŏ ŜŐō ŉŕŗŝŖŜś ŉŖŌ ŌőśŋŔŗśŝŚōś őŖ ŜŐō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśŴ ĩŖ ŉŝŌőŜ ŉŔśŗ őŖŋŔŝŌōś ŉśśōśśőŖŏ ŜŐō ŉŋŋŗŝŖŜőŖŏ ŘŚőŖŋőŘŔōś ŝśōŌ ŉŖŌ śőŏŖőŎőŋŉŖŜ ōśŜőŕŉŜōś ŕŉŌō Ŋš ŕŉŖŉŏōŕōŖŜŲ ŉś şōŔŔ ŉś evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion. ıŖ ŕš ŗŘőŖőŗŖŲ ŜŐō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś ŚōŎōŚŚōŌ Ŝŗ ŉŊŗŞō ŘŚōśōŖŜ ŎŉőŚŔšŲ őŖ ŉŔŔ ŕŉŜōŚőŉŔ ŚōśŘōŋŜśŲ ŜŐō ŎőŖŉŖŋőŉŔ ŘŗśőŜőŗŖ of Advanced Information Technology Public Company Limited and its subsidiary and of Advanced Information Technology Public īŗŕŘŉŖš ĴőŕőŜōŌ ŉś ŉŜ ca ĬōŋōŕŊōŚ bàaŲ ŉŖŌ ŜŐō ŚōśŝŔŜś ŗŎ ŜŐōőŚ ŗŘōŚŉŜőŗŖśŲ ŉŖŌ ŋŉśŐ ŎŔŗşś ŎŗŚ ŜŐō šōŉŚ ŜŐōŖ ōŖŌōŌ őŖ accordance with generally accepted accounting principles. ĿőŜŐŗŝŜ řŝŉŔőŎšőŖŏ ŕš ŗŘőŖőŗŖ ŗŖ ŜŐō ŉŎŗŚōŕōŖŜőŗŖōŌ ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśŲ ı ŌŚŉş ŉŜŜōŖŜőŗŖ Ŝŗ ĶŗŜō c ŉŖŌ e Ŝŗ ŜŐō ŎőŖŉŖų ŋőŉŔ śŜŉŜōŕōŖŜśŴ ĬŝŚőŖŏ ŜŐō ŋŝŚŚōŖŜ šōŉŚŲ ŜŐō īŗŕŘŉŖš ŉŌŗŘŜōŌ ŉ ŖŝŕŊōŚ ŗŎ ŚōŞőśōŌ ŉŖŌ Ŗōş ŉŋŋŗŝŖŜőŖŏ śŜŉŖŌŉŚŌś ŉś őśśŝōŌ Ŋš ŜŐō ĮōŌōŚŉŜőŗŖ ŗŎ ĩŋŋŗŝŖŜőŖŏ ĸŚŗŎōśśőŗŖśŲ ŉŖŌ ŉŘŘŔőōŌ ŜŐōŕ őŖ ŜŐō ŘŚōŘŉŚŉŜőŗŖ ŉŖŌ ŘŚōśōŖŜŉŜőŗŖ ŗŎ őŜś ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśŴ ļŐō Company has restated the financial statements as at 31 December 2010 and for the year then ended to reflect the changes in accounting policy resulting from the adoption of these new accounting standard.

Khitsada Lerdwana īōŚŜőŎőōŌ ĸŝŊŔőŋ ĩŋŋŗŝŖŜŉŖŜ ŮļŐŉőŔŉŖŌů ĶŗŴ dieh ĭŚŖśŜ Ŭ ŁŗŝŖŏ ķŎŎőŋō ĴőŕőŜōŌ Bangkok: 17 February 2012

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Balance Sheets Statements of Financial Position Advanced Information Technology Public Company Limited and its subsidiary As at 31 December 2011 and 2010

ŮĽŖőŜĢ ĪŉŐŜů

Consolidated financial statements Note

2011

2010 (Restated)

Assets Current assets īŉśŐ ŉŖŌ ŋŉśŐ ōřŝőŞŉŔōŖŜś īŝŚŚōŖŜ őŖŞōśŜŕōŖŜ ļŚŉŌō ŉŖŌ ŗŜŐōŚ ŚōŋōőŞŉŊŔōś ĽŖŊőŔŔōŌ ŚōŋōőŞŉŊŔō ıŖŞōŖŜŗŚőōś ķŜŐōŚ ŋŝŚŚōŖŜ ŉśśōŜś Total current assets Non-current assets ĺōśŜŚőŋŜōŌ ŊŉŖœ ŌōŘŗśőŜś ıŖŞōśŜŕōŖŜś őŖ śŝŊśőŌőŉŚš ĪŝőŔŌőŖŏ őŕŘŚŗŞōŕōŖŜ ŉŖŌ ōřŝőŘŕōŖŜ ĭřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ıŖŜŉŖŏőŊŔō ŉśśōŜś ķŜŐōŚ ŖŗŖųŋŝŚŚōŖŜ ŉśśōŜś Total non-current assets Total assets

2011

2010 (Restated)

i a` aa ab

bagŲadiŲdfc bebŲh`dŲh`g baeŲdfaŲadh bdiŲ`gdŲiba ų cŲ`bbŲhid ų cŲ`bbŲhid aŲàgŲibaŲghb aŲ`fdŲeb`Ųf`f aŲàgŲibaŲghb aŲèeŲffhŲfif faeŲbcgŲaeb gcŲ`cfŲech f`cŲfibŲ`ì gcŲ`cfŲech eg`ŲiieŲbì h`gŲcf`Ųbia efiŲediŲ`fe hèŲcbeŲdea eeŲachŲhec ieŲbieŲdgb eeŲaèŲìi idŲefcŲdbd 2,476,442,459 2,296,040,608 2,461,729,103 2,280,691,924

ac ad ae af ag

hŲfi`Ųibb efŲbbhŲgdb hŲfi`Ųibb efŲbbhŲgdb ų ų a`ŲiiiŲd`` a`ŲiiiŲd`` dfŲieiŲg`i bbŲgifŲhca dfŲhfdŲ`be bbŲdigŲedd aheŲdb`Ųbcd dŲghcŲhih aheŲdb`Ųbcd dŲghcŲhih hŲgdaŲa`i fŲdecŲead hŲgaaŲgae fŲdaiŲhae iŲbfcŲagi aaŲ`bbŲffi iŲaagŲgh` a`ŲhhdŲchi 259,075,153 101,285,654 269,804,076 111,813,788 2,735,517,612 2,397,326,262 2,731,533,179 2,392,505,712

The accompanying notes are an integral part of the financial statements.

Separate financial statements

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Statements of Financial Position (continued) Advanced Information Technology Public Company Limited and its subsidiary As at 31 December 2011 and 2010

ŮĽŖőŜĢ ĪŉŐŜů

Consolidated financial statements Note

2011

Separate nancial statements

2010

2011

(Restated)

Liabilities and shareholders’ equity Current liabilities ļŚŉŌō ŉŖŌ ŗŜŐōŚ ŘŉšŉŊŔōś ah ĽŖŊőŔŔōŌ ŘŉšŉŊŔō īŝŚŚōŖŜ ŘŗŚŜőŗŖ ŗŎ ŔŗŖŏųŜōŚŕ ŔŗŉŖś ai ıŖŋŗŕō ŜŉŠ ŘŉšŉŊŔō ķŜŐōŚ ŋŝŚŚōŖŜ ŔőŉŊőŔőŜőōś b` Total current liabilities Non-current liabilities ĴŗŖŏųŜōŚŕ ŔŗŉŖśŲ ŖōŜ ŗŎ ŋŝŚŚōŖŜ ŘŗŚŜőŗŖ ai ĸŚŗŞőśőŗŖ ŎŗŚ ŔŗŖŏųŜōŚŕ ōŕŘŔŗšōō ŊōŖōŎőŜś ba ļŗŜŉŔ ŖŗŖųŋŝŚŚōŖŜ ŔőŉŊőŔőŜőōś Total liabilities Shareholders’ equity Share capital Registered fiŲ```Ų``` ŗŚŌőŖŉŚš śŐŉŚōś ŗŎ ĪŉŐŜ e ōŉŋŐ ıśśŝōŌ ŉŖŌ ŎŝŔŔš ŘŉőŌųŝŘ fgŲdibŲdgb ŗŚŌőŖŉŚš śŐŉŚōś of Baht 5 each Ůca ĬōŋōŕŊōŚ b`a`Ģ ffŲaheŲhfb ŗŚŌőŖŉŚš śŐŉŚōś ŗŎ ĪŉŐŜ e ōŉŋŐů bb ĻŐŉŚō ŘŚōŕőŝŕ bb Retained earnings ĩŘŘŚŗŘŚőŉŜōŌųśŜŉŜŝŜŗŚš ŚōśōŚŞō bd ĽŖŉŘŘŚŗŘŚőŉŜōŌ ĭřŝőŜš ŉŜŜŚőŊŝŜŉŊŔō Ŝŗ ŗşŖōŚś ŗŎ ŜŐō īŗŕŘŉŖš ĶŗŖųŋŗŖŜŚŗŔŔőŖŏ őŖŜōŚōśŜś ŗŎ ŜŐō śŝŊśőŌőŉŚš Total shareholders’ equity Total liabilities and shareholders’ equity

ffhŲafgŲa`d gefŲbfgŲaeg ffgŲh`gŲceb begŲgheŲahe afeŲff`Ųgah begŲfaiŲdfc bdŲhàŲbeb ų bdŲhàŲbeb a`bŲgg`Ųàf dbŲh`hŲhgb a`bŲgehŲga` b`cŲfhiŲeie afeŲiiaŲghi b`bŲiàŲae` 1,257,213,152 1,130,728,536 1,255,887,927 e`ŲaihŲgdh

2010 (Restated)

e`ŲaihŲgdh

gedŲh`fŲh`h afeŲa`eŲhc` ų dbŲgieŲifc afeŲehdŲbfd 1,128,292,865 ų

chŲdfeŲeb` cbŲibiŲbdb cgŲe`aŲag` cbŲbdhŲdad hhŲffdŲbfh cbŲibiŲbdb hgŲfiiŲiah cbŲbdhŲdad 1,345,877,420 1,163,657,778 1,343,587,845 1,160,541,279

cdeŲ```Ų```

cdeŲ```Ų``` cdeŲ```Ų```

ccgŲdfbŲcf` bicŲacaŲhc`

cc`ŲibiŲca` bhbŲhcgŲhae

337,462,360 330,929,310 bicŲacaŲhc` bhbŲhcgŲhae

cdŲe``Ų``` cdŲe``Ų``` cdŲe``Ų``` cdŲe``Ų``` gahŲhccŲb`e egiŲfhdŲdbe gbbŲheaŲadd ehcŲfigŲc`h aŲchcŲibgŲcie aŲbbgŲieaŲee` aŲchgŲideŲccd aŲbcaŲifdŲdcc eŲgabŲgig eŲgafŲicd ų ų 1,389,640,192 1,233,668,484 1,387,945,334 1,231,964,433 2,735,517,612 2,397,326,262 2,731,533,179 2,392,505,712

The accompanying notes are an integral part of the financial statements.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Statements of Comprehensive Income Advanced Information Technology Public Company Limited and its subsidiary For the years ended 31 December 2011 and 2010

ŮĽŖőŜĢ ĪŉŐŜů

Consolidated financial statements Note

2011

2010

Separate financial statements 2011

2010

(Restated)

Profit or loss: Revenues ĻŉŔōś ŉŖŌ śōŚŞőŋō őŖŋŗŕō Rental and service income from ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ķŜŐōŚ őŖŋŗŕō Total revenues Expenses īŗśŜ ŗŎ śŉŔōś ŉŖŌ śōŚŞőŋō īŗśŜ ŗŎ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ĻōŔŔőŖŏ ōŠŘōŖśōś ĩŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōś Total expenses Profit before finance cost and ŋŗŚŘŗŚŉŜō őŖŋŗŕō ŜŉŠ ĮőŖŉŖŋō ŋŗśŜ ĸŚŗŎőŜ ŊōŎŗŚō ŋŗŚŘŗŚŉŜō őŖŋŗŕō ŜŉŠ īŗŚŘŗŚŉŜō őŖŋŗŕō ŜŉŠ ĸŚŗŎőŜ ŎŗŚ ŜŐō šōŉŚ ķŜŐōŚ ŋŗŕŘŚōŐōŖśőŞō őŖŋŗŕō ŎŗŚ ŜŐō šōŉŚ Total comprehensive income for the year

dŲgceŲdaaŲadg dŲecdŲa`gŲb`g dŲgbcŲhffŲ``d dŲeaiŲihiŲ`hc

feŲffiŲ`ei ahŲhhiŲdbc feŲffiŲ`ei ahŲhhiŲdbc cdŲc`bŲdbe bfŲbiaŲbah cdŲdchŲeah bfŲdccŲbae 4,835,382,631 4,579,287,848 4,823,973,581 4,565,311,721

cŲfaiŲedeŲgfa cŲeicŲiidŲh`e cŲfadŲcihŲgdg cŲehfŲfhbŲfdi cbŲhgeŲafe cŲdibŲiei cbŲhgeŲafe cŲdibŲiei bdaŲcgbŲc`d b`iŲdagŲief bciŲccbŲ`ff b`fŲgi`Ųfig bghŲbbcŲbic bcgŲgibŲfih bgdŲbecŲddg bcfŲccgŲagf 4,172,016,523 4,044,698,418 4,160,859,425 4,033,303,481

ffcŲcffŲa`h ecdŲehiŲdc` ffcŲaadŲaef ecbŲ``hŲbd` ŮaeŲfaiŲhhdů ŮfŲahaŲbebů ŮaeŲfaiŲhhdů ŮfŲagdŲag`ů fdgŲgdfŲbbd ebhŲd`hŲagh fdgŲdidŲbgb ebeŲhcdŲ`g` Ůb`hŲhc`Ųbcbů ŮadfŲidhŲ`ihů Ůb`hŲefiŲ`hgů ŮadfŲfiiŲ`cců dchŲiaeŲiib chaŲdf`Ų`h` dchŲibeŲahe cgiŲaceŲ`cg ų ų ų ų 438,915,992 381,460,080 438,925,185 379,135,037

Profit attributable to ĭřŝőŜš ŐŗŔŌōŚś ŗŎ ŜŐō īŗŕŘŉŖš ĶŗŖųŋŗŖŜŚŗŔŔőŖŏ őŖŜōŚōśŜś ŗŎ ŜŐō śŝŊśőŌőŉŚš Earnings per share Basic earnings per share Profit attributable to equity holders of the Company Diluted earnings per share Profit attributable to equity holders of the Company

dchŲib`Ųabi ŮdŲacgů 438,915,992

chaŲdiaŲdbb ŮcaŲcdbů 381,460,080

dchŲibeŲahe cgiŲaceŲ`cg

6.57

6.01

6.57

5.97

6.43

5.73

6.43

5.69

The accompanying notes are an integral part of the financial statements. 58

(Restated)

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Cash Flow Statements Advanced Information Technology Public Company Limited and its subsidiary For the years ended 31 December 2011 and 2010

ŮĽŖőŜĢ ĪŉŐŜů

Consolidated financial statements 2011

2010 (Restated)

Separate financial statements 2011

2010 (Restated)

Cash flows from operating activities ĸŚŗŎőŜ ŊōŎŗŚō ŜŉŠ fdgŲgdfŲbbd ebhŲd`hŲagh fdgŲdidŲbgb ebeŲhcdŲ`g` ĩŌŒŝśŜŕōŖŜś Ŝŗ ŚōŋŗŖŋőŔō ŘŚŗŎőŜ ŊōŎŗŚō ŜŉŠ Ŝŗ ŖōŜ ŋŉśŐ ŘŚŗŞőŌōŌ Ŋš ŮŘŉőŌ ŎŚŗŕů ŗŘōŚŉŜőŖŏ ŉŋŜőŞőŜőōś ĬōŘŚōŋőŉŜőŗŖ ŉŖŌ ŉŕŗŚŜőśŉŜőŗŖ dhŲhciŲbig adŲ`f`Ųge` dhŲfcaŲchi acŲfh`Ųigb Doubtful accounts (reversal of allowance for ŌŗŝŊŜŎŝŔ ŉŋŋŗŝŖŜśů hŲ`cfŲcci Ůa`ŲiiaŲaedů hŲ`cfŲcd` Ůa`ŲiiaŲaedů ĿŚőŜōųŗŎŎ şőŜŐŐŗŔŌőŖŏ ŜŉŠ ŌōŌŝŋŜōŌ ŉŜ śŗŝŚŋō cdaŲfd` ccfŲagf ų ų įŉőŖ ŗŖ śŉŔōś ŗŎ ōřŝőŘŕōŖŜ ŮaŲ`dfŲa``ů ŮaŲbgiŲggiů ŮaŲ`dfŲa``ů ŮaŲbgiŲggiů įŉőŖ ŗŖ śŉŔōś ŗŎ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ŮibŲcdeů ŮcccŲbbeů ŮibŲcdeů ŮcccŲbbeů ĸŚŗŞőśőŗŖ ŎŗŚ ŔŗŖŏųŜōŚŕ ōŕŘŔŗšōō ŊōŖōŎőŜś eŲecfŲbgh fŲiibŲfbd eŲbebŲgef fŲgceŲdfc ĽŖŚōŉŔőśōŌ Ŕŗśś ŮŏŉőŖů ŗŖ ōŠŋŐŉŖŏō gŲagiŲhfa Ůd``Ųàfů gŲagiŲhfa Ůd``Ųàfů ıŖŜōŚōśŜ ōŠŘōŖśōś afŲdafŲcbb fŲahaŲbeb afŲdafŲcbb fŲagdŲag` Profit from operating activities before changes őŖ ŗŘōŚŉŜőŖŏ ŉśśōŜś ŉŖŌ ŔőŉŊőŔőŜőōś gcbŲiegŲeaf edbŲigdŲh`f gcaŲhgbŲdie eciŲdb`Ųeà ķŘōŚŉŜőŖŏ ŉśśōŜś ŮőŖŋŚōŉśōů ŌōŋŚōŉśō ļŚŉŌō ŉŖŌ ŗŜŐōŚ ŚōŋōőŞŉŊŔōś chŲefbŲdhe bhŲhhhŲihb biŲga`Ųegd cgŲgd`Ųhib ĽŖŊőŔŔōŌ ŚōŋōőŞŉŊŔō ŮedbŲb``Ųfadů ŮdbŲàdŲdgbů Ůec`ŲfeeŲdgaů ŮdbŲàdŲdgbů ıŖŞōŖŜŗŚőōś bcfŲcfeŲ`hb ŮchiŲeciŲffhů bceŲggfŲchf ŮchhŲgagŲfaaů ķŜŐōŚ ŋŝŚŚōŖŜ ŉśśōŜś d`Ų`fdŲhag ŮceŲechŲcegů ciŲdehŲcbe ŮcfŲcgdŲegců ķŜŐōŚ ŖŗŖųŋŝŚŚōŖŜ ŉśśōŜś aŲgeiŲdi` ŮbŲfffŲidiů aŲgffŲfì ŮbŲg`hŲefiů ķŘōŚŉŜőŖŏ ŔőŉŊőŔőŜőōś őŖŋŚōŉśō ŮŌōŋŚōŉśōů ļŚŉŌō ŉŖŌ ŗŜŐōŚ ŘŉšŉŊŔōś ŮibŲbhcŲbdaů aiaŲdagŲ`gf ŮiaŲad`Ųceců ai`ŲbhhŲdaf ĽŖŊőŔŔōŌ ŘŉšŉŊŔō ibŲabdŲdfg cbŲcacŲài ibŲeacŲfcc ccŲafiŲega ķŜŐōŚ ŋŝŚŚōŖŜ ŔőŉŊőŔőŜőōś cdŲffeŲg`f ŮadŲaagŲiiaů cdŲbceŲfcb ŮaaŲfbdŲc`fů īŉśŐ ŎŔŗşś ŎŚŗŕ ŗŘōŚŉŜőŖŏ ŉŋŜőŞőŜōś edbŲàeŲg`h caaŲgafŲddf edcŲecgŲhc` caiŲagiŲhdi īŉśŐ ŘŉőŌ ŎŗŚ őŖŜōŚōśŜ ōŠŘōŖśōś ŮafŲdafŲcbbů ŮfŲahaŲbebů ŮafŲdafŲcbbů ŮfŲagdŲag`ů īŉśŐ ŘŉőŌ ŎŗŚ ŋŗŚŘŗŚŉŜō őŖŋŗŕō ŜŉŠ ŮadiŲabeŲghiů ŮaddŲidaŲhbbů ŮadhŲf`fŲcd`ů ŮaddŲgèŲfffů Net cash from operating activities 376,473,597 160,593,372 378,515,168 168,300,013

The accompanying notes are an integral part of the financial statements.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Cash Flow Statements (continued) Advanced Information Technology Public Company Limited and its subsidiary For the years ended 31 December 2011 and 2010

ŮĽŖőŜĢ ĪŉŐŜů

Consolidated financial statements 2011

Separate financial statements

2010

2011

(Restated)

Cash flows from investing activities ĬōŋŚōŉśō ŮőŖŋŚōŉśōů őŖ ŋŝŚŚōŖŜ őŖŞōśŜŕōŖŜ ĬōŋŚōŉśō őŖ ŚōśŜŚőŋŜōŌ ŊŉŖœ ŌōŘŗśőŜś Cash payment for purchase of building őŕŘŚŗŞōŕōŖŜ ŉŖŌ ōřŝőŘŕōŖŜ īŉśŐ ŘŉšŕōŖŜ ŎŗŚ ŘŝŚŋŐŉśō ŗŎ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō īŉśŐ ŘŉšŕōŖŜ ŎŗŚ ŘŝŚŋŐŉśō ŋŗŕŘŝŜōŚ śŗŎŜşŉŚō īŉśŐ ŚōŋōőŘŜ ŮŘŉšŕōŖŜů ŎŚŗŕ ŋŉŔŔőŖŏ ŝŘ śŐŉŚō ŋŉŘőŜŉŔ ŗŎ śŝŊśőŌőŉŚš ĸŚŗŋōōŌś ŎŚŗŕ śŉŔōś ŗŎ ōřŝőŘŕōŖŜ ĸŚŗŋōōŌś ŎŚŗŕ śŉŔōś ŗŎ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō Net cash used in investing activities Cash flows from financing activities īŉśŐ ŚōŋōőŘŜ ŎŚŗŕ ŔŗŖŏųŜōŚŕ ŔŗŉŖś Proceeds from additional ordinary shares issued ŎŗŚ şŉŚŚŉŖŜ ōŠōŚŋőśō ĬőŞőŌōŖŌ ŘŉőŌ Net cash used in financing activities Net increase (decrease) in cash and cash equivalents īŉśŐ ŉŖŌ ŋŉśŐ ōřŝőŞŉŔōŖŜś ŉŜ ŊōŏőŖŖőŖŏ ŗŎ šōŉŚ Cash and cash equivalents at end of year

cŲ`bbŲhid dgŲecgŲhb`

ŮcŲ`bbŲhidů agŲ`dbŲdib

cŲ`bbŲhid dgŲecgŲhb`

ŮcŲ`bbŲhidů agŲ`dbŲdib

ŮdbŲbi`Ųfigů ŮbaaŲedeŲihbů ŮcŲahdŲafgů

ŮaeŲeffŲhdeů ŮdbŲbi`Ųfigů ŮaeŲeddŲhdfů ŮaŲdhcŲbiiů ŮbaaŲedeŲihbů ŮaŲdhcŲbiiů ŮcŲffiŲfigů ŮcŲahdŲafgů ŮcŲffiŲfigů

ų bŲad`Ųhd` ibŲcde (204,226,947)

dŲe``Ųc`` ų ŮeŲdiiŲg``ů aŲe`dŲfgc bŲad`Ųhd` aŲe`dŲfgc cccŲbbe ibŲcde cccŲbbe (362,045) (204,226,947) (10,340,046)

geŲ```Ų```

afŲhbgŲ`fe hfŲadcŲf`` afŲhbgŲ`fe hfŲadcŲf`` ŮbiiŲgbiŲ`eiů ŮbchŲbabŲcdeů ŮbiiŲgbiŲ`eiů ŮbchŲbabŲcdeů (207,901,994) (152,068,745) (207,901,994) (152,068,745) (35,655,344) bebŲh`dŲh`g 217,149,463

8,162,582 bddŲfdbŲbbe 252,804,807

The accompanying notes are an integral part of the financial statements.

2010 (Restated)

(33,613,773) 5,891,222 bdiŲ`gdŲiba bdcŲahcŲfii 215,461,148 249,074,921

Share premium

Equity Total attrbutable to Retained earnings equity attributable non-controllinge to shareholders interests Appropriated Unappropriated of the Company of the subsidiary

Consolidated financial statements Equity attributable to the parent’s shareholders

Total shareholders’ quity

ŮĽŖőŜĢ ĪŉŐŜů

cdŲe``Ų``` fabŲc`gŲbgd aŲbf`ŲegdŲcii ų ŮcbŲfbbŲhdiů ŮcbŲfbbŲhdiů cdŲe``Ų``` egiŲfhdŲdbe aŲbbgŲieaŲee` ų ų afŲhbgŲ`fe ų ŮbiiŲggaŲcdiů ŮbiiŲggaŲcdiů ų dchŲib`Ųabi dchŲib`Ųabi 34,500,000 718,833,205 1,383,927,395

ų ų cc`ŲibiŲca` bhbŲhcgŲhae fŲeccŲ`e` a`ŲbidŲ`ae ų ų ų ų 337,462,360 293,131,830

ų ŮbeŲgdeŲieeů ŮbeŲgdeŲieeů cdŲe``Ų``` dcfŲdfdŲ`bd iihŲehgŲedi ų ų hfŲadcŲf`` ų ų ų ų ŮbchŲbgaŲ`baů ŮbchŲbgaŲ`baů ų chaŲdiaŲdbb chaŲdiaŲdbb 34,500,000 579,684,425 1,227,951,550

cc`ŲibiŲca` bhbŲhcgŲhae

ų ų c`cŲdeaŲcbe bbdŲagbŲb`` bgŲdggŲihe ehŲffeŲfae ų ų ų ų ų ų 330,929,310 282,837,815

Ůc`fŲciců ŮcbŲibiŲbdbů eŲgafŲicd aŲbccŲffhŲdhd ų afŲhbgŲ`fe ų ŮbiiŲggaŲcdiů ŮdŲacgů dchŲiaeŲiib 5,712,797 1,389,640,192

fŲ`bcŲcbg aŲbffŲeigŲgbf

Ůai`Ųffců ŮbeŲicfŲfahů aŲbdgŲigf iiiŲhceŲebe ų hfŲadcŲf`` dŲe``Ųc`` dŲe``Ųc`` ų ŮbchŲbgaŲ`baů ŮcaŲcdbů chaŲdf`Ų`h` 5,716,934 1,233,668,484

c`cŲdeaŲcbe bbdŲagbŲb`` cdŲe``Ų``` dfbŲb`iŲigi aŲ`bdŲcccŲe`d aŲdchŲfci aŲ`beŲggbŲadc

The accompanying notes are an integral part of the financial statements.

Balance as at 31 December 2010 - as previously reported Cumulative effect of change in accounting policy ŎŗŚ ōŕŘŔŗšōō ŊōŖōŎőŜś ŮĶŗŜō eů Balance as at 31 December 2010 - as restated ĩŌŌőŜőŗŖŉŔ ŗŚŌőŖŉŚš śŐŉŚōś őśśŝōŌ ŎŗŚ şŉŚŚŉŖŜ ōŠōŚŋőśō ŮĶŗŜō bbů ĬőŞőŌōŖŌ ŘŉőŌ ŮĶŗŜō biů ļŗŜŉŔ ŋŗŕŘŚōŐōŖśőŞō őŖŋŗŕō ŎŗŚ ŜŐō šōŉŚ Balance as at 31 December 2011

Balance as at 31 December 2009 - as previously reported Cumulative effect of change in accounting policy ŎŗŚ ōŕŘŔŗšōō ŊōŖōŎőŜś ŮĶŗŜō eů Balance as at 31 December 2009 - as restated ĩŌŌőŜőŗŖŉŔ ŗŚŌőŖŉŚš śŐŉŚōś őśśŝōŌ ŎŗŚ şŉŚŚŉŖŜ ōŠōŚŋőśō ŮĶŗŜō bbů ıŖŋŚōŉśō őŖ ŖŗŖųŋŗŖŜŚŗŔŔőŖŏ őŖŜōŚōśŜś ŗŎ ŜŐō śŝŊśőŌőŉŚš ŋŉŔŔőŖŏ ŝŘ őŜś śŐŉŚō ŋŉŘőŜŉŔ ĬőŞőŌōŖŌ ŘŉőŌ ŮĶŗŜō biů ļŗŜŉŔ ŋŗŕŘŚōŐōŖśőŞō őŖŋŗŕō ŎŗŚ ŜŐō šōŉŚ ŮŚōśŜŉŜōŌů Balance as at 31 December 2010 - as restated

Issued and paid-up share capital

Advanced Information Technology Public Company Limited and its subsidiary For the years ended 31 December 2011 and 2010

Statements of Changes in Shareholders’ Equity

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

The accompanying notes are an integral part of the financial statements.

Balance as at 31 December 2010 - as previously reported Cumulative effect of change in accounting policy ŎŗŚ ōŕŘŔŗšōō ŊōŖōŎőŜś ŮĶŗŜō eů Balance as at 31 December 2010 - as restated ĩŌŌőŜőŗŖŉŔ ŗŚŌőŖŉŚš śŐŉŚōś őśśŝōŌ ŎŗŚ şŉŚŚŉŖŜ ōŠōŚŋőśō ŮĶŗŜō bbů ĬőŞőŌōŖŌ ĸŉőŌ ŮĶŗŜō biů ļŗŜŉŔ ŋŗŕŘŚōŐōŖśőŞō őŖŋŗŕō ŎŗŚ ŜŐō šōŉŚ Balance as at 31 December 2011

Balance as at 31 December 2009 - as previously reported Cumulative effect of change in accounting policy ŎŗŚ ōŕŘŔŗšōō ŊōŖōŎőŜś ŮĶŗŜō eů Balance as at 31 December 2009 - as restated ĩŌŌőŜőŗŖŉŔ ŗŚŌőŖŉŚš śŐŉŚōś őśśŝōŌ ŎŗŚ şŉŚŚŉŖŜ ōŠōŚŋőśō ŮĶŗŜō bbů ĬőŞőŌōŖŌ ĸŉőŌ ŮĶŗŜō biů ļŗŜŉŔ ŋŗŕŘŚōŐōŖśőŞō őŖŋŗŕō ŎŗŚ ŜŐō šōŉŚ ŮŚōśŜŉŜōŌů Balance as at 31 December 2010 - as restated

Advanced Information Technology Public Company Limited and its subsidiary For the years ended 31 December 2011 and 2010

Statements of Changes in Shareholders’ Equity (continued)

ų cdŲe``Ų``` ų ų ų 34,500,000

ų ų cc`ŲibiŲca` bhbŲhcgŲhae fŲeccŲ`e` a`ŲbidŲ`ae ų ų ų ų 337,462,360 293,131,830

ŮcbŲbdhŲdadů ŮcbŲbdhŲdadů ehcŲfigŲc`h aŲbcaŲifdŲdcc ų afŲhbgŲ`fe ŮbiiŲggaŲcdiů ŮbiiŲggaŲcdiů dchŲibeŲahe dchŲibeŲahe 722,851,144 1,387,945,334

cdŲe``Ų``` faeŲideŲgbb aŲbfdŲbabŲhdg

cc`ŲibiŲca` bhbŲhcgŲhae

ŮbeŲeabŲieaů ŮbeŲeabŲieaů ddbŲhccŲbib aŲ``dŲiefŲhag ų hfŲadcŲf`` ŮbchŲbgaŲ`baů ŮbchŲbgaŲ`baů cgiŲaceŲ`cg cgiŲaceŲ`cg 583,697,308 1,231,964,433

ų cdŲe``Ų``` ų ų ų 34,500,000

Unappropriated

Total shareholders’ equity

ų ų c`cŲdeaŲcbe bbdŲagbŲb`` bgŲdggŲihe ehŲffeŲfae ų ų ų ų 330,929,310 282,837,815

Appropriated

Retained earnings

cdŲe``Ų``` dfhŲcdfŲbdc aŲ`c`ŲdfiŲgfh

Share premium

c`cŲdeaŲcbe bbdŲagbŲb``

Issued and paid-up share capital

Separate financial statements

ŮĽŖőŜĢ ĪŉŐŜů

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Advanced Information Technology Public Company Limited and its subsidiary For the years ended 31 December 2011 and 2010

Notes to Consolidated Financial Statements 1. Corporate information

ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ ŮßŜŐō īŗŕŘŉŖšàů őś ŉ ŘŝŊŔőŋ ŋŗŕŘŉŖš őŖŋŗŚŘŗŚŉŜōŌ ŉŖŌ ŌŗŕőŋőŔōŌ őŖ ļŐŉőŔŉŖŌŴ ļŐō īŗŕŘŉŖš őś ŘŚőŖŋőŘŉŔŔš ōŖŏŉŏōŌ őŖ ŜŐō śŉŔōŲ ŌōśőŏŖŲ śōŚŞőŋō ŉŖŌ őŖśŜŉŔŔŉŜőŗŖ ŗŎ ŔŝŕŘ śŝŕ turnkey of information and communication technology network systems and the renting of computers and electronic ōřŝőŘŕōŖŜŴ ıŜś ŚōŏőśŜōŚōŌ ŉŌŌŚōśś őś cgŵb ĻŝŜŐőśŉŚŖŞőŖőŒŋŐŉő ĺŗŉŌŲ ĻŉŕśŉōŖŖŗœŲ İŝŉšœşŉŖŏŲ ĪŉŖŏœŗœŴ

2. Basis of preparation

2.1 The financial statements have been prepared in accordance with accounting standards enunciated under the Accounting Professions Act B.E. 2547 and their presentation has been made in compliance with the stipulations ŗŎ ŜŐō ĶŗŜőŎőŋŉŜőŗŖ ŗŎ ŜŐō ĬōŘŉŚŜŕōŖŜ ŗŎ ĪŝśőŖōśś ĬōŞōŔŗŘŕōŖŜ ŌŉŜōŌ bh ĻōŘŜōŕŊōŚ b`aaŲ őśśŝōŌ ŝŖŌōŚ ŜŐō Accounting Act B.E. 2543. The financial statements in Thai language are the official statutory financial statements of the Company. The financial statements in English language have been translated from the Thai language financial statements.

ļŐō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś ŐŉŞō ŊōōŖ ŘŚōŘŉŚōŌ ŗŖ ŉ ŐőśŜŗŚőŋŉŔ ŋŗśŜ Ŋŉśőś ōŠŋōŘŜ şŐōŚō ŗŜŐōŚşőśō ŌőśŋŔŗśōŌ őŖ the accounting policies. 2.2 Basis of consolidation ŉů ļŐō ŋŗŖśŗŔőŌŉŜōŌ ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś őŖŋŔŝŌō ŜŐō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś ŗŎ ŜŐō ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ ŮßŜŐō īŗŕŘŉŖšàů ŉŖŌ ŜŐō ŎŗŔŔŗşőŖŏ śŝŊśőŌőŉŚš ŋŗŕŘŉŖš ŮßŜŐō śŝŊśőŌőŉŚšàůĢ

Company’s name

ĵŉŘŔō ĸŔŝś īŗŴŲ ĴŜŌŴ

Nature of business

ĻŉŔō ŉŖŌ őŖśŜŉŔŔŉŜőŗŖ ŗŎ ŋŗŕŘŝŜōŚŲ software and telecom equipment

Country of incorporation ļŐŉőŔŉŖŌ

Percentage of shareholding 2011 Percent

2010 Percent

Ŋů ĻŝŊśőŌőŉŚš ŉŚō ŎŝŔŔš ŋŗŖśŗŔőŌŉŜōŌŲ ŊōőŖŏ ŜŐō ŌŉŜō ŗŖ şŐőŋŐ ŜŐō īŗŕŘŉŖš ŗŊŜŉőŖś ŋŗŖŜŚŗŔŲ ŉŖŌ ŋŗŖŜőŖŝō Ŝŗ Ŋō consolidated until the date when such control ceases. ŋů ļŐō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś ŗŎ ŜŐō śŝŊśőŌőŉŚš ŉŚō ŘŚōŘŉŚōŌ ŝśőŖŏ ŜŐō śŉŕō śőŏŖőŎőŋŉŖŜ ŉŋŋŗŝŖŜőŖŏ ŘŗŔőŋőōś ŉś ŜŐō īŗŕŘŉŖšŴ Ōů ĵŉŜōŚőŉŔ ŊŉŔŉŖŋōś ŉŖŌ ŜŚŉŖśŉŋŜőŗŖś ŊōŜşōōŖ ŜŐō īŗŕŘŉŖš ŉŖŌ őŜś śŝŊśőŌőŉŚš ŋŗŕŘŉŖš ŐŉŞō ŊōōŖ ōŔőŕőŖŉŜōŌ from the consolidated financial statements. ōů ĶŗŖųŋŗŖŜŚŗŔŔőŖŏ őŖŜōŚōśŜś ŚōŘŚōśōŖŜ ŜŐō ŘŗŚŜőŗŖ ŗŎ ŘŚŗŎőŜ ŗŚ Ŕŗśś ŉŖŌ ŖōŜ ŉśśōŜś ŗŎ ŜŐō śŝŊśőŌőŉŚš ŜŐŉŜ ŉŚō ŖŗŜ held by the Company and are presented separately in the consolidated profit or loss and within equity in the consolidated statement of financial position. bŴc ļŐō śōŘŉŚŉŜō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśŲ şŐőŋŐ ŘŚōśōŖŜ őŖŞōśŜŕōŖŜś őŖ śŝŊśőŌőŉŚš ŝŖŌōŚ ŜŐō ŋŗśŜ ŕōŜŐŗŌŲ ŐŉŞō ŊōōŖ prepared solely for the benefit of the public.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

3. Adoption of new accounting standards during the year

ĬŝŚőŖŏ ŜŐō ŋŝŚŚōŖŜ šōŉŚŲ ŜŐō īŗŕŘŉŖš ŉŌŗŘŜōŌ ŉ ŖŝŕŊōŚ ŗŎ ŚōŞőśōŌ ŉŖŌ Ŗōş ŉŋŋŗŝŖŜőŖŏ śŜŉŖŌŉŚŌśŲ őśśŝōŌ Ŋš ŜŐō ĮōŌōŚŉŜőŗŖ ŗŎ ĩŋŋŗŝŖŜőŖŏ ĸŚŗŎōśśőŗŖśŲ ŉś ŔőśŜōŌ ŊōŔŗşŴ

Accounting standards:

ļĩĻ a ŮŚōŞőśōŌ b`ìů ļĩĻ b ŮŚōŞőśōŌ b`ìů ļĩĻ g ŮŚōŞőśōŌ b`ìů ļĩĻ h ŮŚōŞőśōŌ b`ìů ļĩĻ a` ŮŚōŞőśōŌ b`ìů ļĩĻ aa ŮŚōŞőśōŌ b`ìů ļĩĻ af ŮŚōŞőśōŌ b`ìů ļĩĻ ag ŮŚōŞőśōŌ b`ìů ļĩĻ ah ŮŚōŞőśōŌ b`ìů TAS 19 ļĩĻ bc ŮŚōŞőśōŌ b`ìů ļĩĻ bd ŮŚōŞőśōŌ b`ìů TAS 26 ļĩĻ bg ŮŚōŞőśōŌ b`ìů ļĩĻ bh ŮŚōŞőśōŌ b`ìů TAS 29 ļĩĻ ca ŮŚōŞőśōŌ b`ìů ļĩĻ cc ŮŚōŞőśōŌ b`ìů ļĩĻ cd ŮŚōŞőśōŌ b`ìů ļĩĻ cf ŮŚōŞőśōŌ b`ìů ļĩĻ cg ŮŚōŞőśōŌ b`ìů ļĩĻ ch ŮŚōŞőśōŌ b`ìů ļĩĻ d` ŮŚōŞőśōŌ b`ìů

ĸŚōśōŖŜŉŜőŗŖ ŗŎ ĮőŖŉŖŋőŉŔ ĻŜŉŜōŕōŖŜś ıŖŞōŖŜŗŚőōś ĻŜŉŜōŕōŖŜ ŗŎ īŉśŐ ĮŔŗşś ĩŋŋŗŝŖŜőŖŏ ĸŗŔőŋőōśŲ īŐŉŖŏōś őŖ ĩŋŋŗŝŖŜőŖŏ ĭśŜőŕŉŜōś ŉŖŌ ĭŚŚŗŚś ĭŞōŖŜś ŉŎŜōŚ ŜŐō ĺōŘŗŚŜőŖŏ ĸōŚőŗŌ īŗŖśŜŚŝŋŜőŗŖ īŗŖŜŚŉŋŜś ĸŚŗŘōŚŜšŲ ĸŔŉŖŜ ŉŖŌ ĭřŝőŘŕōŖŜ Ĵōŉśōś ĺōŞōŖŝō Employee Benefits ĪŗŚŚŗşőŖŏ īŗśŜś ĺōŔŉŜōŌ ĸŉŚŜš ĬőśŋŔŗśŝŚōś Accounting and Reporting by Retirement Benefit Plans īŗŖśŗŔőŌŉŜōŌ ŉŖŌ ĻōŘŉŚŉŜō ĮőŖŉŖŋőŉŔ ĻŜŉŜōŕōŖŜś ıŖŞōśŜŕōŖŜś őŖ ĩśśŗŋőŉŜōś Financial Reporting in Hyperinflationary Economies ıŖŜōŚōśŜś őŖ ĲŗőŖŜ ľōŖŜŝŚōś ĭŉŚŖőŖŏś ŘōŚ ĻŐŉŚō ıŖŜōŚőŕ ĮőŖŉŖŋőŉŔ ĺōŘŗŚŜőŖŏ ıŕŘŉőŚŕōŖŜ ŗŎ ĩśśōŜś ĸŚŗŞőśőŗŖśŲ īŗŖŜőŖŏōŖŜ ĴőŉŊőŔőŜőōś ŉŖŌ īŗŖŜőŖŏōŖŜ ĩśśōŜś ıŖŜŉŖŏőŊŔō ĩśśōŜś ıŖŞōśŜŕōŖŜ ĸŚŗŘōŚŜš

Financial reporting standards:

ļĮĺĻ b ļĮĺĻ c ŮŚōŞőśōŌ b``iů ļĮĺĻ e ŮŚōŞőśōŌ b``iů ļĮĺĻ f

ĻŐŉŚōųĪŉśōŌ ĸŉšŕōŖŜ ĪŝśőŖōśś īŗŕŊőŖŉŜőŗŖś ĶŗŖųŋŝŚŚōŖŜ ĩśśōŜś İōŔŌ ŎŗŚ ĻŉŔō ŉŖŌ ĬőśŋŗŖŜőŖŝōŌ ķŘōŚŉŜőŗŖś ĭŠŘŔŗŚŉŜőŗŖ ŎŗŚ ŉŖŌ ĭŞŉŔŝŉŜőŗŖ ŗŎ ĵőŖōŚŉŔ ĺōśŗŝŚŋōś

Financial Reporting Standard Interpretations: TFRIC 15

Agreements for the Construction of Real Estate

Accounting Standard Interpretations:

Ļıī ca

ļŐōśō ŉŋŋŗŝŖŜőŖŏ śŜŉŖŌŉŚŌś Ōŗ ŖŗŜ ŐŉŞō ŉŖš śőŏŖőŎőŋŉŖŜ őŕŘŉŋŜ ŗŖ ŜŐō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśŲ ōŠŋōŘŜ ŎŗŚ ŜŐō ŎŗŔŔŗşőŖŏ accounting standards.

ĺōŞōŖŝōųĪŉŚŜōŚ ļŚŉŖśŉŋŜőŗŖś ıŖŞŗŔŞőŖŏ ĩŌŞōŚŜőśőŖŏ ĻōŚŞőŋōś

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

TAS 19 Employee Benefits

ļŐőś ŉŋŋŗŝŖŜőŖŏ śŜŉŖŌŉŚŌ ŚōřŝőŚōś ōŕŘŔŗšōō ŊōŖōŎőŜś Ŝŗ Ŋō ŚōŋŗŏŖőśōŌ ŉś ōŠŘōŖśō őŖ ŜŐō ŘōŚőŗŌ őŖ şŐőŋŐ ŜŐō śōŚŞőŋō őś ŘōŚŎŗŚŕōŌ Ŋš ŜŐō ōŕŘŔŗšōōŴ ıŖ ŘŉŚŜőŋŝŔŉŚŲ ŉŖ ōŖŜőŜš Őŉś Ŝŗ ōŞŉŔŝŉŜō ŉŖŌ ŕŉœō ŉ ŘŚŗŞőśőŗŖ ŎŗŚ ŘŗśŜųōŕŘŔŗšŕōŖŜ benefits using actuarial techniques. The Company and its subsidiary previously accounted for such employee benefits when they were incurred. The Company and its subsidiary have changed this accounting policy in the current year and recognise the liability in the transition period retrospectively as though the Company and its subsidiary initially recorded these employee benefit ōŠŘōŖśōśŴ ļŐō ŋŐŉŖŏō Őŉś ŜŐō ōŎŎōŋŜ ŗŎ ŌōŋŚōŉśőŖŏ ŜŐō ŘŚŗŎőŜ ŗŎ ŜŐō īŗŕŘŉŖš ŉŖŌ őŜś śŝŊśőŌőŉŚš ŎŗŚ ŜŐō šōŉŚ b`aa Ŋš hŴ` ŕőŔŔőŗŖ ĪŉŐŜ Ů`Ŵab ĪŉŐŜ ŘōŚ śŐŉŚōů ŮĻōŘŉŚŉŜō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśĢ ŌōŋŚōŉśőŖŏ ŘŚŗŎőŜ Ŋš gŴh ŕőŔŔőŗŖ ĪŉŐŜ ŗŚ `Ŵab ĪŉŐŜ ŘōŚ śŐŉŚōůŴ ļŐō ŋŝŕŝŔŉŜőŞō ōŎŎōŋŜ ŗŎ ŜŐō ŋŐŉŖŏōś őŖ ŜŐō ŉŋŋŗŝŖŜőŖŏ ŘŗŔőŋš Őŉś ŊōōŖ ŘŚōśōŖŜōŌ őŖ ĶŗŜō e Ŝŗ the financial statements.

4. New accounting standards issued during the years not yet effective The Federation of Accounting Professions issued the following new/revised accounting standards that are effective for fiscal years beginning on or after 1 January 2013.

Accounting standards:

ļĩĻ ab ļĩĻ b` ŮŚōŞőśōŌ b``iů ļĩĻ ba ŮŚōŞőśōŌ b``iů

ıŖŋŗŕō ļŉŠōś ĩŋŋŗŝŖŜőŖŏ ŎŗŚ įŗŞōŚŖŕōŖŜ įŚŉŖŜś ŉŖŌ ĬőśŋŔŗśŝŚō ŗŎ įŗŞōŚŖŕōŖŜ ĩśśőśŜŉŖŋō ļŐō ĭŎŎōŋŜś ŗŎ īŐŉŖŏōś őŖ ĮŗŚōőŏŖ ĭŠŋŐŉŖŏō ĺŉŜōś

Ļıī a` Ļıī ba Ļıī be

The Company’s management believes that these accounting standards will not have any significant impact on the ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś ŎŗŚ ŜŐō šōŉŚ şŐōŖ ŜŐōš ŉŚō őŖőŜőŉŔŔš ŉŘŘŔőōŌŲ ōŠŋōŘŜ ŎŗŚ ŜŐō ŎŗŔŔŗşőŖŏ ŉŋŋŗŝŖŜőŖŏ śŜŉŖŌŉŚŌśŴ

Accounting Standard Interpretations: įŗŞōŚŖŕōŖŜ ĩśśőśŜŉŖŋō ų Ķŗ ĻŘōŋőŎőŋ ĺōŔŉŜőŗŖ Ŝŗ ķŘōŚŉŜőŖŏ ĩŋŜőŞőŜőōś ıŖŋŗŕō ļŉŠōś ų ĺōŋŗŞōŚš ŗŎ ĺōŞŉŔŝōŌ ĶŗŖųĬōŘŚōŋőŉŊŔō ĩśśōŜś ıŖŋŗŕō ļŉŠōś ų īŐŉŖŏōś őŖ ŜŐō ļŉŠ ĻŜŉŜŝś ŗŎ ŉŖ ĭŖŜőŜš ŗŚ őŜś ĻŐŉŚōŐŗŔŌōŚś

TAS 12 Income Taxes

ļŐőś ŉŋŋŗŝŖŜőŖŏ śŜŉŖŌŉŚŌ ŚōřŝőŚōś ŉŖ ōŖŜőŜš Ŝŗ őŌōŖŜőŎš ŜōŕŘŗŚŉŚš ŌőŎŎōŚōŖŋōśŲ şŐőŋŐ ŉŚō ŌőŎŎōŚōŖŋōś ŊōŜşōōŖ ŜŐō ŋŉŚŚšőŖŏ ŉŕŗŝŖŜ ŗŎ ŉŖ ŉśśōŜ ŗŚ ŔőŉŊőŔőŜš őŖ ŜŐō ŉŋŋŗŝŖŜőŖŏ ŚōŋŗŚŌś ŉŖŌ őŜś ŜŉŠ ŊŉśōŲ ŉŖŌ Ŝŗ ŚōŋŗŏŖőśō ŌōŎōŚŚōŌ ŜŉŠ ŉśśōŜś and liabilities under the stipulated guidelines.

ĩŜ ŘŚōśōŖŜŲ ŜŐō ŕŉŖŉŏōŕōŖŜ őś ōŞŉŔŝŉŜőŖŏ ŜŐō őŕŘŉŋŜ ŗŖ ŜŐō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś őŖ ŜŐō šōŉŚ şŐōŖ ŜŐőś śŜŉŖŌŉŚŌ is adopted.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

5. Cumulative effect of changes in accounting policies due to the adoption of new accounting standards

ĬŝŚőŖŏ ŜŐō ŋŝŚŚōŖŜ šōŉŚŲ ŜŐō īŗŕŘŉŖš ŉŖŌ őŜś śŝŊśőŌőŉŚš ŕŉŌō ŜŐō ŋŐŉŖŏōś Ŝŗ őŜś śőŏŖőŎőŋŉŖŜ ŉŋŋŗŝŖŜőŖŏ ŘŗŔőŋőōś ŌōśŋŚőŊōŌ őŖ ĶŗŜō c Ŝŗ ŜŐō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśŲ ŉś ŉ ŚōśŝŔŜ ŗŎ ŜŐō ŉŌŗŘŜőŗŖ ŗŎ ŚōŞőśōŌ ŉŖŌ Ŗōş ŉŋŋŗŝŖŜőŖŏ śŜŉŖŌŉŚŌśŴ The cumulative effect of the changes in the accounting policies has been separately presented in the statements of changes in shareholders’ equity. The amounts of adjustments affecting the statement of financial position as at 31 December 2010 and for the year ended 31 December 2010 are summarised below. ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů

Statements of financial position ıŖŋŚōŉśō őŖ ŘŚŗŞőśőŗŖ ŎŗŚ ŔŗŖŏųŜōŚŕ ōŕŘŔŗšōō ŊōŖōŎőŜś ĬōŋŚōŉśō őŖ ŖŗŖųŋŗŖŜŚŗŔŔőŖŏ őŖŜōŚōśŜś ŗŎ ŜŐō śŝŊśőŌőŉŚš ĬōŋŚōŉśō őŖ ŝŖŉŘŘŚŗŘŚőŉŜōŌ ŚōŜŉőŖōŌ ōŉŚŖőŖŏś

Consolidated financial statements

Separate financial statements

cbŲibi c`f cbŲfbc

cbŲbdh ų cbŲbdh ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů

Consolidated financial statements Statements of comprehensive income ıŖŋŚōŉśō őŖ ōŕŘŔŗšōō ōŠŘōŖśōś ĬōŋŚōŉśō őŖ ŘŚŗŎőŜ ŉŜŜŚőŊŝŜŉŊŔō Ŝŗ ŖŗŖųŋŗŖŜŚŗŔŔőŖŏ őŖŜōŚōśŜ ŗŎ ŜŐō śŝŊśőŌőŉŚš ĬōŋŚōŉśō őŖ ŘŚŗŎőŜ ŉŜŜŚőŊŝŜŉŊŔō Ŝŗ ōřŝőŜš ŐŗŔŌōŚś ŗŎ ŜŐō īŗŕŘŉŖš ĬōŋŚōŉśō őŖ Ŋŉśőŋ ōŉŚŖőŖŏś ŘōŚ śŐŉŚō ŮĪŉŐŜů ĬōŋŚōŉśō őŖ ŌőŔŝŜōŌ ōŉŚŖőŖŏś ŘōŚ śŐŉŚō ŮĪŉŐŜů

fŲiic aaf fŲhgg `Ŵa` `Ŵa`

Separate financial statements fŲgce ų fŲgce `Ŵa` `Ŵa`

6. Significant accounting policies 6.1

Revenues and expenses recognition

ŉů ĺōŞōŖŝōś Sales and service income ĺōŞōŖŝōś ŎŚŗŕ ŜŐō śŉŔōŲ ŌōśőŏŖŲ śōŚŞőŋō ŉŖŌ őŖśŜŉŔŔŉŜőŗŖ ŗŎ ŔŝŕŘ śŝŕ ŜŝŚŖœōš ŗŎ őŖŎŗŚŕŉŜőŗŖ ŉŖŌ ŋŗŕŕŝŖőŋŉŜőŗŖ ŜōŋŐŖŗŔŗŏš ŖōŜşŗŚœ śšśŜōŕś ŉŚō ŚōŋŗŏŖőśōŌ ŗŖ ŜŐō Ŋŉśőś ŗŎ ŘōŚŋōŖŜŉŏō ŗŎ ŋŗŕŘŔōŜőŗŖŲ ŉś ŉśśōśśōŌ Ŋš ŜŐō īŗŕŘŉŖšÝś ōŖŏőŖōōŚśŵŜŐō ŘŚŗŒōŋŜ ŕŉŖŉŏōŚśŴ ĺōŋŗŏŖőśōŌ ŚōŞōŖŝōśŲ ŜŐŉŜ ŉŚō ŖŗŜ šōŜ Ōŝō ŘōŚ ŜŐō ŋŗŖŜŚŉŋŜś ŉŚō ŘŚōśōŖŜōŌ ŝŖŌōŚ ŜŐō ŋŉŘŜőŗŖ ŗŎ ßĽŖŊőŔŔōŌ ŚōŋōőŞŉŊŔōà őŖ ŜŐō śŜŉŜōŕōŖŜ ŗŎ ŎőŖŉŖŋőŉŔ ŘŗśőŜőŗŖŴ Sales of goods are recognised when the significant risks and rewards of ownership of the goods have passed Ŝŗ ŜŐō ŊŝšōŚŴ ĻŉŔōś ŉŚō ŜŐō őŖŞŗőŋōŌ ŞŉŔŝōŲ ōŠŋŔŝŌőŖŏ ŞŉŔŝō ŉŌŌōŌ ŜŉŠŲ ŗŎ ŏŗŗŌś śŝŘŘŔőōŌ ŉŎŜōŚ ŌōŌŝŋŜőŖŏ discounts and allowances. Service income is recognised when the services have been rendered taking into account the stage of completion. Rental and service income Rental income and related service income are recognised over the period of rental and service. Interest income Interest income is recognised on an accrual basis based on the effective interest rate.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Ŋů ĭŠŘōŖśōś īŗśŜś ŗŎ ŋŗŖŜŚŉŋŜ śŉŔōśŲ ŌōśőŏŖŲ śōŚŞőŋō ŉŖŌ őŖśŜŉŔŔŉŜőŗŖ ŗŎ ŔŝŕŘ śŝŕ ŜŝŚŖœōš ŗŎ őŖŎŗŚŕŉŜőŗŖ ŉŖŌ communication technology network systems are recognised in accordance with the percentage of work ŋŗŕŘŔōŜōŌ ŎŗŚ şŐőŋŐ ŚōŞōŖŝō Őŉś ŉŔŚōŉŌš ŊōōŖ ŚōŋŗŏŖőśōŌŲ ŊŉśōŌ ŗŖ ŜŗŜŉŔ ōśŜőŕŉŜōŌ ŋŗśŜśŴ ĸŚŗŞőśőŗŖ for anticipated losses on projects is made in the accounts in full when the possibility of loss is ascertained. Differences between the estimated costs and the actual costs are recognised as ßşŗŚœ őŖ ŘŚŗŏŚōśśà ŝŖŌōŚ ŋŝŚŚōŖŜ ŉśśōŜś ŗŚ ßŝŖŊőŔŔōŌ ŘŉšŉŊŔōà ŝŖŌōŚ ŋŝŚŚōŖŜ ŔőŉŊőŔőŜőōśŴ ķŜŐōŚ ōŠŘōŖśōś ŉŚō ŚōŋŗŏŖőśōŌ ŗŖ ŉŖ ŉŋŋŚŝŉŔ ŊŉśőśŴ

6.2

īŉśŐ ŉŖŌ ŋŉśŐ ōřŝőŞŉŔōŖŜś ŋŗŖśőśŜ ŗŎ ŋŉśŐ őŖ ŐŉŖŌ ŉŖŌ ŋŉśŐ ŉŜ ŊŉŖœśŲ ŉŖŌ ŉŔŔ ŐőŏŐŔš ŔőřŝőŌ őŖŞōśŜŕōŖŜś şőŜŐ an original maturity of 3 months or less and not subject to withdrawal restrictions.

6.3

Trade accounts receivable

Trade accounts receivable are stated at the net realisable value. Allowance for doubtful accounts is provided for the estimated losses that may be incurred in collection of receivables. The allowance is generally based on ŋŗŔŔōŋŜőŗŖ ōŠŘōŚőōŖŋōś ŉŖŌ ŉŖŉŔšśőś ŗŎ ŌōŊŜ ŉŏőŖŏŴ

6.4

Cash and cash equivalents

Inventories

ĭřŝőŘŕōŖŜŲ şŗŚœ őŖ ŘŚŗŏŚōśś ŉŖŌ ŏŗŗŌś őŖ ŜŚŉŖśőŜ ŉŚō ŞŉŔŝōŌ ŉŜ ŜŐō ŔŗşōŚ ŗŎ ŋŗśŜ ŉŖŌ ŖōŜ ŚōŉŔőśŉŊŔō ŞŉŔŝōŴ īŗśŜ ŗŎ şŗŚœ őŖ ŘŚŗŏŚōśś ŋŗŖśőśŜś ŗŎ ŋŗśŜ ŗŎ ŕŉŜōŚőŉŔśŲ ŔŉŊŗŝŚŲ śŝŊŋŗŖŜŚŉŋŜ şŗŚœ ŉŖŌ ŗŜŐōŚ ŚōŔōŞŉŖŜ ōŠŘōŖśōśŴ

6.5

Investments Investments in subsidiary are accounted for in the separate financial statements using the cost method. Allowance for impairment loss will be made when the recoverable amounts is lower than the cost of investments.

6.6

Building improvement, equipment and equipment for lease and depreciation

ĪŝőŔŌőŖŏ őŕŘŚŗŞōŕōŖŜŲ ōřŝőŘŕōŖŜ ŉŖŌ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ŉŚō śŜŉŜōŌ ŉŜ ŋŗśŜ Ŕōśś ŉŋŋŝŕŝŔŉŜōŌ ŌōŘŚōŋőŉŜőŗŖ ŉŖŌ ŉŔŔŗşŉŖŋō ŎŗŚ Ŕŗśś ŗŖ őŕŘŉőŚŕōŖŜ ŗŎ ŉśśōŜś ŮőŎ ŉŖšůŴ

ĬōŘŚōŋőŉŜőŗŖ ŗŎ ŊŝőŔŌőŖŏ őŕŘŚŗŞōŕōŖŜŲ ōřŝőŘŕōŖŜ ŉŖŌ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ŉŚō ŋŉŔŋŝŔŉŜōŌ Ŋš ŚōŎōŚōŖŋō Ŝŗ ŜŐōőŚ ŋŗśŜś ŗŖ ŜŐō śŜŚŉőŏŐŜųŔőŖō Ŋŉśőś ŗŞōŚ ŜŐō ŎŗŔŔŗşőŖŏ ōśŜőŕŉŜōŌ ŝśōŎŝŔ ŔőŞōśĢ

Building improvement 5 years ĮŝŚŖőŜŝŚōŲ ŎőŠŜŝŚōś ŉŖŌ ŗŎŎőŋō ōřŝőŘŕōŖŜ e šōŉŚś īŗŕŘŝŜōŚś cŲ e šōŉŚś Equipment used in projects 3 years Vehicles 5 years ĭřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō Ĵōŉśō ŘōŚőŗŌ ŮcŴe ų eŴe šōŉŚśů Depreciation is included in determining income.

ĩŖ őŜōŕ ŗŎ ŊŝőŔŌőŖŏ őŕŘŚŗŞōŕōŖŜŲ ōřŝőŘŕōŖŜ ŉŖŌ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō őś ŌōŚōŋŗŏŖőśōŌ ŝŘŗŖ ŌőśŘŗśŉŔ ŗŚ şŐōŖ Ŗŗ ŎŝŜŝŚō ōŋŗŖŗŕőŋ ŊōŖōŎőŜś ŉŚō ōŠŘōŋŜōŌ ŎŚŗŕ őŜś ŝśō ŗŚ ŌőśŘŗśŉŔŴ ĩŖš ŏŉőŖ ŗŚ Ŕŗśś ŉŚőśőŖŏ ŗŖ ŌőśŘŗśŉŔ ŗŎ ŉŖ asset is included profit or loss when the asset is derecognised.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

6.7

Intangible asset and amortisation

ıŖŜŉŖŏőŊŔō ŉśśōŜś ŉŚō őŖőŜőŉŔŔš ŚōŋŗŏŖőśōŌ ŉŜ ŜŐōőŚ ŋŗśŜŴ ĮŗŔŔŗşőŖŏ ŜŐō őŖőŜőŉŔ ŚōŋŗŏŖőŜőŗŖŲ ŜŐō őŖŜŉŖŏőŊŔō ŉśśōŜś ŉŚō ŋŉŚŚőōŌ ŉŜ ŋŗśŜ Ŕōśś ŉŖš ŉŋŋŝŕŝŔŉŜōŌ ŉŕŗŚŜőśŉŜőŗŖ ŉŖŌ ŉŖš ŉŋŋŝŕŝŔŉŜōŌ őŕŘŉőŚŕōŖŜ Ŕŗśśōś ŗŎ ŉśśōŜ ŮőŎ ŉŖšůŴ

Intangible assets with finite lives are amortised on a systematic basis over the economic useful life and tested for impairment whenever there is an indication that the intangible asset may be impaired. The amortisation period and the amortisation method of such intangible asset are reviewed at least at each financial year end. The ŉŕŗŚŜőśŉŜőŗŖ ōŠŘōŖśō őś ŋŐŉŚŏōŌ Ŝŗ ŘŚŗŎőŜ ŗŚ ŔŗśśŴ Intangible assets with finite lives comprise computers software which has useful lives of 10 years.

6.8

Related party transactions

ĺōŔŉŜōŌ ŘŉŚŜőōś ŋŗŕŘŚőśō ōŖŜōŚŘŚőśōś ŉŖŌ őŖŌőŞőŌŝŉŔś ŜŐŉŜ ŋŗŖŜŚŗŔŲ ŗŚ ŉŚō ŋŗŖŜŚŗŔŔōŌ ŊšŲ ŜŐō īŗŕŘŉŖšŲ şŐōŜŐōŚ ŌőŚōŋŜŔš ŗŚ őŖŌőŚōŋŜŔšŲ ŗŚ şŐőŋŐ ŉŚō ŝŖŌōŚ ŋŗŕŕŗŖ ŋŗŖŜŚŗŔ şőŜŐ ŜŐō īŗŕŘŉŖšŴ

They also include associated companies and individuals which directly or indirectly own a voting interest őŖ ŜŐō īŗŕŘŉŖš ŜŐŉŜ ŏőŞōś ŜŐōŕ śőŏŖőŎőŋŉŖŜ őŖŎŔŝōŖŋō ŗŞōŚ ŜŐō īŗŕŘŉŖšŲ œōš ŕŉŖŉŏōŕōŖŜ ŘōŚśŗŖŖōŔŲ ŌőŚōŋŜŗŚś ŉŖŌ officers with authority in the planning and direction of the Company’s operations.

6.9

Long-term leases

Leases of equipment which transfer substantially all the risks and rewards of ownership are classified as finance leases. Finance leases are capitalised at the lower of the fair value of the leased assets and the present value of ŜŐō ŕőŖőŕŝŕ Ŕōŉśō ŘŉšŕōŖŜśŴ ļŐō ŗŝŜśŜŉŖŌőŖŏ ŚōŖŜŉŔ ŗŊŔőŏŉŜőŗŖśŲ ŖōŜ ŗŎ ŎőŖŉŖŋō ŋŐŉŚŏōśŲ ŉŚō őŖŋŔŝŌōŌ őŖ ŗŜŐōŚ ŔŗŖŏųŜōŚŕ ŘŉšŉŊŔōśŲ şŐőŔō ŜŐō őŖŜōŚōśŜ ōŔōŕōŖŜ őś ŋŐŉŚŏōŌ Ŝŗ ŘŚŗŎőŜ ŗŚ Ŕŗśś ŗŞōŚ ŜŐō Ŕōŉśō ŘōŚőŗŌŴ ļŐō ōřŝőŘŕōŖŜ acquired under finance leases is depreciated in the shorter of the useful life of the asset and the lease period.

ķŘōŚŉŜőŖŏ Ŕōŉśō ŘŉšŕōŖŜś ŉŚō ŚōŋŗŏŖőśōŌ ŉś ŉŖ ōŠŘōŖśō őŖ ŘŚŗŎőŜ ŗŚ Ŕŗśś ŗŖ ŉ śŜŚŉőŏŐŜ ŔőŖō Ŋŉśőś ŗŞōŚ ŜŐō lease term.

6.10 Foreign currencies

ļŚŉŖśŉŋŜőŗŖś őŖ ŎŗŚōőŏŖ ŋŝŚŚōŖŋőōś ŉŚō ŜŚŉŖśŔŉŜōŌ őŖŜŗ ĪŉŐŜ ŉŜ ŜŐō ōŠŋŐŉŖŏō ŚŉŜō ŚŝŔőŖŏ ŉŜ ŜŐō ŌŉŜō ŗŎ ŜŐō transaction. Monetary assets and liabilities denominated in foreign currencies are translated into Baht at the ōŠŋŐŉŖŏō ŚŉŜō ŚŝŔőŖŏ ŉŜ ŜŐō ōŖŌ ŗŎ ŚōŘŗŚŜőŖŏ ŘōŚőŗŌŴ

įŉőŖś ŉŖŌ Ŕŗśśōś ŗŖ ōŠŋŐŉŖŏō ŉŚō őŖŋŔŝŌōŌ őŖ ŌōŜōŚŕőŖőŖŏ őŖŋŗŕōŴ

6.11 Impairment of assets

ĩŜ ŜŐō ōŖŌ ŗŎ ōŉŋŐ ŚōŘŗŚŜőŖŏ ŘōŚőŗŌŲ ŜŐō īŗŕŘŉŖš ŘōŚŎŗŚŕś őŕŘŉőŚŕōŖŜ ŚōŞőōşś őŖ ŚōśŘōŋŜ ŗŎ ŜŐō ŊŝőŔŌőŖŏ őŕŘŚŗŞōŕōŖŜŲ ōřŝőŘŕōŖŜŲ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ŉŖŌ őŖŜŉŖŏőŊŔō ŉśśōŜś şŐōŖōŞōŚ ōŞōŖŜś ŗŚ ŋŐŉŖŏōś őŖ ŋőŚŋŝŕśŜŉŖŋōś őŖŌőŋŉŜō ŜŐŉŜ ŉŖ ŉśśōŜ ŕŉš Ŋō őŕŘŉőŚōŌŴ ĩŖ őŕŘŉőŚŕōŖŜ Ŕŗśś őś ŚōŋŗŏŖőśōŌ şŐōŖ ŜŐō ŚōŋŗŞōŚŉŊŔō ŉŕŗŝŖŜ ŗŎ ŉŖ ŉśśōŜŲ şŐőŋŐ őś ŜŐō ŐőŏŐōŚ ŗŎ ŜŐō ŉśśōŜÝś ŎŉőŚ ŞŉŔŝō Ŕōśś ŋŗśŜś Ŝŗ śōŔŔ ŉŖŌ őŜś ŞŉŔŝō őŖ ŝśōŲ őś Ŕōśś ŜŐŉŖ ŜŐō ŋŉŚŚšőŖŏ ŉŕŗŝŖŜŴ An impairment loss is recognised in profit or loss.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

6.12 Employee benefits

Short-term employee benefits ĻŉŔŉŚőōśŲ şŉŏōśŲ ŊŗŖŝśōś ŉŖŌ ŋŗŖŜŚőŊŝŜőŗŖś Ŝŗ ŜŐō śŗŋőŉŔ śōŋŝŚőŜš ŎŝŖŌ ŉŚō ŚōŋŗŏŖőśōŌ ŉś ōŠŘōŖśōś şŐōŖ incurred. Post-employment benefits Defined contribution plans The Company and its employees have jointly established a provident fund. The fund is monthly contributed by employees and by the Company. The fund’s assets are held in a separate trust fund and the Company’s ŋŗŖŜŚőŊŝŜőŗŖś ŉŚō ŚōŋŗŏŖőśōŌ ŉś ōŠŘōŖśōś şŐōŖ őŖŋŝŚŚōŌŴ Defined benefit plans The Company has obligations in respect of the severance payments it must make to employees upon retirement under labor law. The Company treats these severance payment obligations as a defined benefit plan.

The obligation under the defined benefit plan is determined by a professionally qualified independent actuary ŊŉśōŌ ŗŖ ŉŋŜŝŉŚőŉŔ ŜōŋŐŖőřŝōśŲ ŝśőŖŏ ŜŐō ŘŚŗŒōŋŜōŌ ŝŖőŜ ŋŚōŌőŜ ŕōŜŐŗŌŴ ĩŋŜŝŉŚőŉŔ ŏŉőŖś ŉŖŌ Ŕŗśśōś ŉŚőśőŖŏ ŎŚŗŕ ŘŗśŜųōŕŘŔŗšŕōŖŜ ŊōŖōŎőŜś ŉŚō ŚōŋŗŏŖőśōŌ őŕŕōŌőŉŜōŔš őŖ ŘŚŗŎőŜ ŗŚ ŔŗśśŴ

ĮŗŚ ŜŐō ŎőŚśŜųŜőŕō ŉŌŗŘŜőŗŖ ŗŎ ļĩĻ ai ĭŕŘŔŗšōō ĪōŖōŎőŜśŲ ŜŐō īŗŕŘŉŖš ŉŖŌ őŜś śŝŊśőŌőŉŚš ōŔōŋŜōŌ Ŝŗ ŚōŋŗŏŖőśō ŜŐō ŜŚŉŖśőŜőŗŖŉŔ ŔőŉŊőŔőŜšŲ şŐőŋŐ ōŠŋōōŌś ŜŐō ŔőŉŊőŔőŜš ŜŐŉŜ şŗŝŔŌ ŐŉŞō ŊōōŖ ŚōŋŗŏŖőśōŌ ŉŜ ŜŐō śŉŕō ŌŉŜō ŝŖŌōŚ ŜŐō ŘŚōŞőŗŝś ŉŋŋŗŝŖŜőŖŏ ŘŗŔőŋšŲ ŚōŜŚŗśŘōŋŜőŞōŔš ŉś ŜŐŗŝŏŐ ŜŐō īŗŕŘŉŖš ŉŖŌ őŜś śŝŊśőŌőŉŚš őŖőŜőŉŔŔš ŚōŋŗŚŌōŌ ŜŐōśō ōŕŘŔŗšōō ŊōŖōŎőŜ ōŠŘōŖśōśŴ

6.13 Equity-settled share-based payment transactions

The Company issued warrants to purchase the ordinary shares to directors and/or employees of the īŗŕŘŉŖšŴ ļŐō ŜŚŉŖśŉŋŜőŗŖ şőŔŔ Ŋō ŚōŋŗŚŌōŌ őŖ ŜŐō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś şŐōŖ ŜŐō şŉŚŚŉŖŜś ŉŚō ōŠōŚŋőśōŌŴ

6.14 Provisions

ĸŚŗŞőśőŗŖś ŉŚō ŚōŋŗŏŖőśōŌ şŐōŖ ŜŐō īŗŕŘŉŖš Őŉś ŉ ŘŚōśōŖŜ ŗŊŔőŏŉŜőŗŖ ŉś ŉ ŚōśŝŔŜ ŗŎ ŉ ŘŉśŜ ōŞōŖŜŲ őŜ őś ŘŚŗŊŉŊŔō ŜŐŉŜ ŉŖ ŗŝŜŎŔŗş ŗŎ ŚōśŗŝŚŋōś ōŕŊŗŌšőŖŏ ōŋŗŖŗŕőŋ ŊōŖōŎőŜś şőŔŔ Ŋō ŚōřŝőŚōŌ Ŝŗ śōŜŜŔō ŜŐō ŗŊŔőŏŉŜőŗŖŲ ŉŖŌ ŉ ŚōŔőŉŊŔō estimate can be made of the amount of the obligation.

6.15 Income tax

ıŖŋŗŕō ŜŉŠ őś ŘŚŗŞőŌōŌ őŖ ŜŐō ŉŋŋŗŝŖŜś ŉŜ ŜŐō ŉŕŗŝŖŜ ōŠŘōŋŜōŌ Ŝŗ Ŋō ŘŉőŌ Ŝŗ ŜŐō ŜŉŠŉŜőŗŖ ŉŝŜŐŗŚőŜőōśŲ ŊŉśōŌ ŗŖ ŜŉŠŉŊŔō ŘŚŗŎőŜś ŌōŜōŚŕőŖōŌ őŖ ŉŋŋŗŚŌŉŖŋō şőŜŐ ŜŉŠ ŔōŏőśŔŉŜőŗŖŴ

6.16 Derivatives

Forward exchange contracts ĺōŋōőŞŉŊŔōś ŉŖŌ ŘŉšŉŊŔōś ŉŚőśőŖŏ ŎŚŗŕ ŎŗŚşŉŚŌ ōŠŋŐŉŖŏō ŋŗŖŜŚŉŋŜś ŉŚō ŜŚŉŖśŔŉŜōŌ őŖŜŗ ĪŉŐŜ ŉŜ ŜŐō ŚŉŜōś ŗŎ ōŠŋŐŉŖŏō ŚŝŔőŖŏ ŉŜ ŜŐō ōŖŌ ŗŎ ŚōŘŗŚŜőŖŏ ŘōŚőŗŌŴ ĽŖŚōŉŔőśōŌ ŏŉőŖś ŉŖŌ Ŕŗśśōś ŎŚŗŕ ŜŐō ŜŚŉŖśŔŉŜőŗŖ ŉŚō őŖŋŔŝŌōŌ in determining income.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

7. Significant accounting judgements and estimates The preparation of financial statements in conformity with generally accepted accounting principles at time requires management to make subjective judgments and estimates regarding matters that are inherently uncertain. These judgments and estimates affect reported amounts and disclosures; and actual results could differ from these estimates. Significant judgments and estimates are as follows:

Estimation of revenues and costs of sales, design, service and installation of lump sum turnkey of information and communication technology network systems

ıŖ ŚōŋŗŏŖőśőŖŏ ŚōŞōŖŝōś ŉŖŌ ŋŗśŜś ŗŎ śŉŔōśŲ ŌōśőŏŖŲ śōŚŞőŋō ŉŖŌ őŖśŜŉŔŔŉŜőŗŖ ŗŎ ŔŝŕŘ śŝŕ ŜŝŚŖœōš ŗŎ őŖŎŗŚŕŉŜőŗŖ ŉŖŌ ŋŗŕŕŝŖőŋŉŜőŗŖ ŜōŋŐŖŗŔŗŏš ŖōŜşŗŚœ śšśŜōŕśŲ ŕŉŖŉŏōŕōŖŜ ŉŚō ŚōřŝőŚōŌ Ŝŗ ŕŉœō ŒŝŌŏōŕōŖŜ ŊŉśōŌ ŗŖ ŜŐōőŚ ŊōśŜ œŖŗşŔōŌŏō ŗŎ ŜŐō ŋŝŚŚōŖŜ ōŞōŖŜś ŉŖŌ ŉŚŚŉŖŏōŕōŖŜś ŉŖŌ ŜŐōőŚ ōŠŘōŚőōŖŋō ŗŎ ŜŐō ŊŝśőŖōśś Ŝŗ ōśŜőŕŉŜō ŜŐō ŘōŚŋōŖŜŉŏō ŗŎ ŋŗŕŘŔōŜőŗŖ ŉŖŌ ŜŗŜŉŔ ŋŗśŜ ŗŎ ōŉŋŐ ŋŗŖŜŚŉŋŜśŲ ŊŉśōŌ ŗŖ őŖŎŗŚŕŉŜőŗŖ ŎŚŗŕ ŜŐō ōŖŏőŖōōŚśŵŘŚŗŒōŋŜ ŕŉŖŉŏōŚśŴ ļŐōśō estimates are revisited on a periodical basis or when the actual costs incurred significantly vary from the estimation.

Leases

ıŖ ŌōŜōŚŕőŖőŖŏ şŐōŜŐōŚ ŉ Ŕōŉśō őś Ŝŗ Ŋō ŋŔŉśśőŎőōŌ ŉś ŉŖ ŗŘōŚŉŜőŖŏ Ŕōŉśō ŗŚ ŎőŖŉŖŋō ŔōŉśōŲ ŜŐō ŕŉŖŉŏōŕōŖŜ őś required to use judgment regarding whether significant risks and rewards of ownership of the leased asset has been ŜŚŉŖśŎōŚŚōŌŲ ŜŉœőŖŏ őŖŜŗ ŋŗŖśőŌōŚŉŜőŗŖ ŜōŚŕś ŉŖŌ ŋŗŖŌőŜőŗŖś ŗŎ ŜŐō ŉŚŚŉŖŏōŕōŖŜŴ

Allowance for doubtful accounts

ıŖ ŌōŜōŚŕőŖőŖŏ ŉŖ ŉŔŔŗşŉŖŋō ŎŗŚ ŌŗŝŊŜŎŝŔ ŉŋŋŗŝŖŜśŲ ŜŐō ŕŉŖŉŏōŕōŖŜ ŖōōŌś Ŝŗ ŕŉœō ŒŝŌŏŕōŖŜ ŉŖŌ ōśŜőŕŉŜōś ŊŉśōŌ ŝŘŗŖŲ ŉŕŗŖŏ ŗŜŐōŚ ŜŐőŖŏśŲ ŘŉśŜ ŋŗŔŔōŋŜőŗŖ ŐőśŜŗŚšŲ ŉŏőŖŏ ŘŚŗŎőŔō ŗŎ ŗŝŜśŜŉŖŌőŖŏ ŌōŊŜś ŉŖŌ ŜŐō ŘŚōŞŉőŔőŖŏ ōŋŗŖŗŕőŋ ŋŗŖŌőŜőŗŖŴ

Building improvement, equipment and equipment for lease and depreciation

ıŖ ŌōŜōŚŕőŖőŖŏ ŌōŘŚōŋőŉŜőŗŖ ŗŎ ŊŝőŔŌőŖŏ őŕŘŚŗŞōŕōŖŜŲ ōřŝőŘŕōŖŜ ŉŖŌ ōřŝőŘŕōŖŜ ŎŗŚ ŔōŉśōŲ ŜŐō ŕŉŖŉŏōŕōŖŜ őś ŚōřŝőŚōŌ Ŝŗ ŕŉœō ōśŜőŕŉŜōś ŗŎ ŜŐō ŝśōŎŝŔ ŔőŞōś ŉŖŌ ŚōśőŌŝŉŔ ŞŉŔŝōś ŗŎ ŜŐō īŗŕŘŉŖšÝś ŊŝőŔŌőŖŏ őŕŘŚŗŞōŕōŖŜŲ ōřŝőŘŕōŖŜ ŉŖŌ equipment for lease and to review estimate useful lives and residual values when there are any changes.

ıŖ ŉŌŌőŜőŗŖŲ ŜŐō ŕŉŖŉŏōŕōŖŜ őś ŚōřŝőŚōŌ Ŝŗ ŚōŞőōş ŊŝőŔŌőŖŏ őŕŘŚŗŞōŕōŖŜŲ ōřŝőŘŕōŖŜ ŉŖŌ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ŎŗŚ impairment on a periodical basis and record impairment losses in the period when it is determined that their recoverable amount is lower than the carrying amount. This requires judgments regarding forecast of future revenues ŉŖŌ ōŠŘōŖśōś ŚōŔŉŜőŖŏ Ŝŗ ŜŐō ŉśśōŜś śŝŊŒōŋŜ Ŝŗ ŜŐō ŚōŞőōşŴ

Intangible assets and amortisation

ļŐō őŖőŜőŉŔ ŚōŋŗŏŖőŜőŗŖ ŉŖŌ ŕōŉśŝŚōŕōŖŜ ŗŎ őŖŜŉŖŏőŊŔō ŉśśōŜśŲ ŉŖŌ śŝŊśōřŝōŖŜ őŕŘŉőŚŕōŖŜ ŜōśŜőŖŏŲ ŚōřŝőŚō ŕŉŖŉŏōŕōŖŜ to make estimates of cash flows to be generated by the asset or the cash generating units and to choose a suitable discount rate in order to calculate the present value of those cash flows.

Post-employment benefits under defined benefit plans The obligation under the defined benefit plan is determined based on actuarial techniques. Such determination is ŕŉŌō ŊŉśōŌ ŗŖ ŞŉŚőŗŝś ŉśśŝŕŘŜőŗŖśŲ őŖŋŔŝŌőŖŏ ŌőśŋŗŝŖŜ ŚŉŜōŲ ŎŝŜŝŚō śŉŔŉŚš őŖŋŚōŉśō ŚŉŜōŲ ŕŗŚŜŉŔőŜš ŚŉŜō ŉŖŌ śŜŉŎŎ turnover rate.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

8. Related party transactions

ĬŝŚőŖŏ ŜŐō šōŉŚśŲ ŜŐō īŗŕŘŉŖš ŉŖŌ őŜś śŝŊśőŌőŉŚš ŐŉŌ śőŏŖőŎőŋŉŖŜ ŊŝśőŖōśś ŜŚŉŖśŉŋŜőŗŖś şőŜŐ ŚōŔŉŜōŌ ŘŉŚŜőōśŴ ĻŝŋŐ ŜŚŉŖśŉŋŜőŗŖśŲ şŐőŋŐ ŉŚō śŝŕŕŉŚőśōŌ ŊōŔŗşŲ ŉŚŗśō őŖ ŜŐō ŗŚŌőŖŉŚš ŋŗŝŚśō ŗŎ ŊŝśőŖōśś ŉŖŌ şōŚō ŋŗŖŋŔŝŌōŌ ŗŖ ŋŗŕŕōŚŋőŉŔ terms and bases agreed upon between the Company and those related parties. ŮĽŖőŜĢ ŕőŔŔőŗŖ ĪŉŐŜů Consolidated financial statements

Separate financial statements

2011

2010

2011

2010

īŗŕŘōŜőŜőŞō ŉŏŚōōŌųŝŘŗŖ ŘŚőŋō

fc i`

a` hd

eb hf

ų hd

īŗŕŘōŜőŜőŞō ŉŏŚōōŌųŝŘŗŖ ŘŚőŋō īŗŕŘōŜőŜőŞō ŉŏŚōōŌųŝŘŗŖ ŘŚőŋō

Transactions with subsidiary (eliminated from the consolidated ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśů ĸŝŚŋŐŉśōś ŏŗŗŌś ŉŖŌ śōŚŞőŋō Transactions with related companies ĻŉŔōś ŉŖŌ śōŚŞőŋō őŖŋŗŕō ĸŝŚŋŐŉśōś ŏŗŗŌś ŉŖŌ śōŚŞőŋō

Transfer Pricing Policy

The balances of the accounts as at 31 December 2011 and 2010 between the Company and those related parties are as follows: ŮĽŖőŜĢ ŕőŔŔőŗŖ ĪŉŐŜů Consolidated financial statements

Separate financial statements

2011

2010

2011

2010

Trade and other receivables - related party ŮĶŗŜō a`ů ĻŋŉŔō ĸŔŗŜŜőŖŏ īōŖŜōŚ īŗŴŲ ĴŜŌŴ Total trade and other receivables - related party

ee ee

e e

ee ee

ų ų

Unbilled receivable - related party ĻŋŉŔō ĸŔŗŜŜőŖŏ īōŖŜōŚ īŗŴŲ ĴŜŌŴ Total unbilled receivable - related party

ab ab

ų ų

Advance payments for goods and service - related party ŮĶŗŜō abů ĻŋŉŔō ĸŔŗŜŜőŖŏ īōŖŜōŚ īŗŴŲ ĴŜŌŴ Total advance payments for goods and service- related party

ų ų

bc bc

ų ų

bc bc

Trade and other payables - related party ŮĶŗŜō ahů ĻŋŉŔō ĸŔŗŜŜőŖŏ īōŖŜōŚ īŗŴŲ ĴŜŌŴ Total trade and other payables - related party

ų ų

d d

ų ų

d d

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Directors and management’s benefit

ĬŝŚőŖŏ ŜŐō šōŉŚ ōŖŌōŌ ca ĬōŋōŕŊōŚ b`aa ŉŖŌ b`a`Ų ŜŐō īŗŕŘŉŖš ŉŖŌ őŜś śŝŊśőŌőŉŚš ŐŉŌ ōŕŘŔŗšōō ŊōŖōŎőŜ ōŠŘōŖśōś ŘŉšŉŊŔō Ŝŗ ŜŐōőŚ ŌőŚōŋŜŗŚś ŉŖŌ ŕŉŖŉŏōŕōŖŜ ŉś ŊōŔŗşŴ ŮĽŖőŜĢ ŕőŔŔőŗŖ ĪŉŐŜů Consolidated financial statements Related parties

ĩŝŌőŜ ŋŗŕŕőŜŜōō ĵŉŖŉŏōŕōŖŜ ŉŖŌ ōŠōŋŝŜőŞō ŌőŚōŋŜŗŚś ĬőŚōŋŜŗŚś şŐŗ ŉŚō ŖŗŜ ŕōŕŊōŚś of the audit committee or management committee

Related transactions

2011

2010

(Restated)

d aca d e

2010

d abi d e

c a`d d d

ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů Consolidated financial statements 2011

2011

(Restated)

c a`g d d

9. Cash and cash equivalents

Cash ĪŉŖœ ŌōŘŗśőŜś ļŗŜŉŔ

Separate financial statements

2010

255 bafŲhid bagŲadi

2011

295 bebŲea` bebŲh`e

250 baeŲbaa baeŲdfa

2010 290 bdhŲghe bdiŲ`ge

ĩś ŉŜ ca ĬōŋōŕŊōŚ b`aaŲ ŊŉŖœ ŌōŘŗśőŜś őŖ śŉŞőŖŏ ŉŋŋŗŝŖŜś ŉŖŌ ŎőŠōŌ ŌōŘŗśőŜś ŋŉŚŚőōŌ őŖŜōŚōśŜś ŊōŜşōōŖ `Ŵa ų aŴi ŘōŚŋōŖŜ ŘōŚ ŉŖŖŝŕ Ůb`a`Ģ `Ŵa ų `Ŵg ŘōŚŋōŖŜ ŘōŚ ŉŖŖŝŕůŴ

10. Trade and other receivables

ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů Consolidated financial statements 2011

Trade receivables - related party Aged on the basis of due dates ĶŗŜ šōŜ Ōŝō ų eŲbbg Past due ĽŘ Ŝŗ c ŕŗŖŜŐś cųf ŕŗŖŜŐś ļŗŜŉŔ ŜŚŉŌō ŚōŋōőŞŉŊŔōś ų ŚōŔŉŜōŌ ŘŉŚŜšŲ ŖōŜ

Separate financial statements

2010

2011

caŲcea bcŲbai edŲeg`

ų ų eŲbbg

caŲcea bcŲbai edŲeg`

2010

ų ų ų

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Trade receivables - unrelated parties Aged on the basis of due dates ĶŗŜ šōŜ Ōŝō Past due ĽŘ Ŝŗ c ŕŗŖŜŐś cųf ŕŗŖŜŐś ķŞōŚ fųab ŕŗŖŜŐś ķŞōŚ ab ŕŗŖŜŐś Īŉŋœ Ŝŗ Ŋŉŋœ Ŋŉśőś ļŗŜŉŔ ĴōśśĢ ĩŔŔŗşŉŖŋō ŎŗŚ ŌŗŝŊŜŎŝŔ ŉŋŋŗŝŖŜś ļŗŜŉŔ ŜŚŉŌō ŚōŋōőŞŉŊŔōś ų ŝŖŚōŔŉŜōŌ ŘŉŚŜőōśŲ ŖōŜ ļŗŜŉŔ ŜŚŉŌō ŉŖŌ ŗŜŐōŚ ŚōŋōőŞŉŊŔōś ų ŖōŜ

eddŲh``

fa`Ųddi

eddŲh``

f`fŲhbd

ai`Ųcbc ebŲbec agbŲb`c gŲidf baŲi`h ihiŲdcc ŮbfŲ`haů ifcŲceb aŲ`agŲibb

cciŲ`ga dfŲbia eŲhdc caŲhad dcŲhg` aŲ`ggŲcch ŮahŲ`ddů aŲ`eiŲbid aŲ`fdŲeba

ai`Ųcbc ebŲbec agbŲb`c gŲidf baŲi`h ihiŲdcc ŮbfŲ`haů ifcŲceb aŲ`agŲibb

cciŲ`ga dfŲbia eŲhdc caŲhad dcŲhg` aŲ`gcŲgac ŮahŲ`ddů aŲ`eeŲffi aŲ`eeŲffi

Most of the overdue trade accounts receivable balances are those receivable from government agencies and companies of which the government is a major shareholder. The Company’s management believes that payment of these balances will be received in full and that the above allowance for doubtful accounts is adequate in the current circumstance.

11. Inventories

ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů Consolidated financial statements

ĭřŝőŘŕōŖŜ ŉŖŌ şŗŚœ őŖ ŘŚŗŏŚōśś įŗŗŌś őŖ ŜŚŉŖśőŜ ļŗŜŉŔ ĴōśśĢ ĩŔŔŗşŉŖŋō ŎŗŚ ŌőŕőŖŝŜőŗŖ őŖ ŞŉŔŝō ŗŎ őŖŞōŖŜŗŚőōś ıŖŞōŖŜŗŚőōś ų ŖōŜ eg`Ųiie

2011

2010

2011

2010

ehhŲacf cŲfi` eiaŲhbf Ůb`Ųhcaů h`gŲcf`

gfgŲdhd f`Ųg`g hbhŲaia Ůb`Ųhcaů efiŲedi

ehfŲfi` cŲfi` ei`Ųch` Ůb`Ųhcaů h`eŲcbe

gfeŲddi f`Ųg`g hbfŲaef Ůb`Ųhcaů

12. Other current assets

ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů Consolidated financial statements

Advance payments for goods and service ĺōŔŉŜōŌ ŘŉŚŜš ĽŖŚōŔŉŜōŌ ŘŉŚŜš ļŗŜŉŔ ŉŌŞŉŖŋō ŘŉšŕōŖŜś ŎŗŚ ŏŗŗŌś ŉŖŌ śōŚŞőŋō ķŜŐōŚś ļŗŜŉŔ ŗŜŐōŚ ŋŝŚŚōŖŜ ŉśśōŜ

Separate financial statements

Consolidated financial statements

2011

2010

2011

2010

ų dbŲdfa dbŲdfa abŲfgh eeŲaci

bbŲhcg feŲdea hhŲbhh gŲ``g ieŲbie

ų dbŲdfa dbŲdfa abŲfdd eeŲa`e

bbŲhcg feŲdea hhŲbhh fŲbge idŲefc

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

13. Restricted bank deposits

ļŐōśō ŚōŘŚōśōŖŜ ŎőŠōŌ ŌōŘŗśőŜś ŘŔōŌŏōŌ şőŜŐ ŜŐō ŊŉŖœś Ŝŗ śōŋŝŚō ŋŚōŌőŜ ŎŉŋőŔőŜőōśŴ

14. Investments in subsidiary Details of investments in subsidiary as presented in separate financial statements are as follows: Company’s name ĵŉŘŔō ĸŔŝś īŗŴŲ ĴŜŌŴ b`

Paid-up capital 2011 2010

Shareholding percentage 2011 2010

Cost 2011

2010

(Million Baht)

(Percent)

(Million Baht)

ĬŝŚőŖŏ ŜŐō ŋŝŚŚōŖŜ šōŉŚŲ ŜŐō śŝŊśőŌőŉŚš ŋŗŕŘŉŖš ŌőŌ ŖŗŜ Řŉš ŉ ŌőŞőŌōŖŌŴ

15. Building improvement and equipment ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů Consolidated financial statements Furniture, Building fixture and office Computers improvement equipment

Equipment used in projects

Vehicles

Cost a ĲŉŖŝŉŚš bà` gŲdgi acŲadg g`Ųdec ų fai ĩŌŌőŜőŗŖś aŲcge aŲdcc dŲgei hŲ``` ų ĬőśŘŗśŉŔś ų ų ų ų Ůbcgů ca ĬōŋōŕŊōŚ bà` hŲhed adŲeh` geŲbab hŲ``` chb ĩŌŌőŜőŗŖś dŲ`dh cŲaa` eŲhfi bhŲdeg h`f ĬőśŘŗśŉŔś ų ų ų ų ŮaŲahhů ca ĬōŋōŕŊōŚ bàa abŲi`b agŲfi` haŲ`ha cfŲdeg ų Accumulated depreciation a ĲŉŖŝŉŚš bà` eŲdde iŲh`b eiŲ`è ų aa ĬōŘŚōŋőŉŜőŗŖ ŎŗŚ ŜŐō šōŉŚ hgf aŲbfi gŲfg` h` he ĬōŘŚōŋőŉŜőŗŖ ŗŖ ŌőśŘŗśŉŔś ų ų ų ų Ůabů ca ĬōŋōŕŊōŚ bà` fŲcba aaŲ`ga ffŲfge h` hd ĬōŘŚōŋőŉŜőŗŖ ŎŗŚ ŜŐō šōŉŚ aŲbii aŲdi` fŲghh gŲddf i ĬōŘŚōŋőŉŜőŗŖ ŗŖ ŌőśŘŗśŉŔś ų ų ų ų Ůiců ca ĬōŋōŕŊōŚ bàa gŲfb` abŲefa gcŲdfc gŲebf ų Net book value ca ĬōŋōŕŊōŚ bà` bŲecc cŲeì hŲecg gŲib` bih ca ĬōŋōŕŊōŚ bàa eŲbhb eŲabi gŲfah bhŲica ų Depreciation for the year bà` Ů`Ŵa ŕőŔŔőŗŖ ĪŉŐŜ őŖŋŔŝŌōŌ őŖ ŋŗśŜ ŗŎ śŉŔōś ŉŖŌ śōŚŞőŋōŲ ŉŖŌ ŜŐō ŊŉŔŉŖŋō őŖ ŉŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōśů bàa ŮgŴd ŕőŔŔőŗŖ ĪŉŐŜ őŖŋŔŝŌōŌ őŖ ŋŗśŜ ŗŎ śŉŔōś ŉŖŌ śōŚŞőŋōŲ ŉŖŌ ŜŐō ŊŉŔŉŖŋō őŖ ŉŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōśů

Total

iaŲfih aeŲefg Ůbcgů a`gŲ`bh dbŲbi` ŮaŲahhů adhŲac` gdŲbfc iŲih` Ůabů hdŲbca agŲ`cb Ůiců a`aŲag` bbŲgig dfŲif` iŲih` agŲ`cb

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů Consolidated financial statements Furniture, Building fixture and office Computers improvement equipment

Equipment used in projects

Vehicles

Cost a ĲŉŖŝŉŚš bà` fŲhie acŲ`ga fiŲfig ų fai ĩŌŌőŜőŗŖś aŲcge aŲdcc dŲgcg hŲ``` ų ĬőśŘŗśŉŔś ų ų ų ų Ůbcgů ca ĬōŋōŕŊōŚ bà` hŲbg` adŲe`d gdŲdcd hŲ``` chb ĩŌŌőŜőŗŖś dŲ`dh cŲaa` eŲhfi bhŲdeg h`f ĬőśŘŗśŉŔś ų ų ų ų ŮaŲahhů ca ĬōŋōŕŊōŚ bàa abŲcah agŲfad h`Ųc`c cfŲdeg ų Accumulated depreciation a ĲŉŖŝŉŚš bà` eŲaff iŲgfh ehŲeed ų aa ĬōŘŚōŋőŉŜőŗŖ ŎŗŚ ŜŐō šōŉŚ gf` aŲbed gŲdbf h` he ĬōŘŚōŋőŉŜőŗŖ ŗŖ ŌőśŘŗśŉŔś ų ų ų ų Ůabů ca ĬōŋōŕŊōŚ bà` eŲibf aaŲ`bb feŲih` h` hd ĬōŘŚōŋőŉŜőŗŖ ŎŗŚ ŜŐō šōŉŚ aŲahc aŲdgd fŲgag gŲddf i ĬōŘŚōŋőŉŜőŗŖ ŗŖ ŌőśŘŗśŉŔś ų ų ų ų Ůiců ca ĬōŋōŕŊōŚ bàa gŲaì abŲdif gbŲfig gŲebf ų Net book value ca ĬōŋōŕŊōŚ bà` bŲcdd cŲdhb hŲded gŲib` bih ca ĬōŋōŕŊōŚ bàa eŲbì eŲaah gŲf`f bhŲica ų Depreciation for the year bà` ŮĪŉŐŜ `Ŵa ŕőŔŔőŗŖ őŖŋŔŝŌōŌ őŖ ŋŗśŜ ŗŎ śŉŔōś ŉŖŌ śōŚŞőŋōŲ ŉŖŌ ŜŐō ŊŉŔŉŖŋō őŖ ŉŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōśů bàa ŮĪŉŐŜ gŴd ŕőŔŔőŗŖ őŖŋŔŝŌōŌ őŖ ŋŗśŜ ŗŎ śŉŔōś ŉŖŌ śōŚŞőŋōŲ ŉŖŌ ŜŐō ŊŉŔŉŖŋō őŖ ŉŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōśů

Total

i`Ųbhb aeŲede Ůbcgů aèŲei` dbŲbi` ŮaŲahhů adfŲfib gcŲdii iŲfè Ůabů hcŲìb afŲhbi Ůiců iiŲhbh bbŲdih dfŲhfd iŲfè afŲhbi

ĩś ŉŜ ca ĬōŋōŕŊōŚ bàaŲ ŋōŚŜŉőŖ ŊŝőŔŌőŖŏ őŕŘŚŗŞōŕōŖŜ ŉŖŌ ōřŝőŘŕōŖŜ őŜōŕś ŐŉŞō ŊōōŖ ŎŝŔŔš ŌōŘŚōŋőŉŜōŌ ŊŝŜ ŉŚō still in use. The gross carrying amount before deducting accumulated depreciation of those assets amounted to ŉŘŘŚŗŠőŕŉŜōŔš giŴe ŕőŔŔőŗŖ ĪŉŐŜ Ůbà`Ģ fcŴb ŕőŔŔőŗŖ ĪŉŐŜů ŮļŐō īŗŕŘŉŖš ŗŖŔšĢ giŴa ŕőŔŔőŗŖ ĪŉŐŜŲ bà`Ģ fcŴb ŕőŔŔőŗŖ ĪŉŐŜůŴ

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

16. Equipment for lease

ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů Consolidated / Separate financial statements

Cost a ĲŉŖŝŉŚš bà` ĩŌŌőŜőŗŖś ĬőśŘŗśŉŔś ca ĬōŋōŕŊōŚ bà` ĩŌŌőŜőŗŖś ĬőśŘŗśŉŔś ca ĬōŋōŕŊōŚ bàa Accumulated depreciation a ĲŉŖŝŉŚš bà` ĬōŘŚōŋőŉŜőŗŖ ŎŗŚ ŜŐō šōŉŚ ĬōŘŚōŋőŉŜőŗŖ ŗŖ ŌőśŘŗśŉŔś ca ĬōŋōŕŊōŚ bà` ĬōŘŚōŋőŉŜőŗŖ ŎŗŚ ŜŐō šōŉŚ ĬōŘŚōŋőŉŜőŗŖ ŗŖ ŌőśŘŗśŉŔś ca ĬōŋōŕŊōŚ bàa Allowance for impairment loss a ĲŉŖŝŉŚš bà` ĩŔŔŗşŉŖŋō ŎŗŚ őŕŘŉőŚŕōŖŜ Ŕŗśś ŗŖ ŌőśŘŗśŉŔś ca ĬōŋōŕŊōŚ bà` ĩŔŔŗşŉŖŋō ŎŗŚ őŕŘŉőŚŕōŖŜ Ŕŗśś ŗŖ ŌőśŘŗśŉŔś ca ĬōŋōŕŊōŚ bàa Net book value ca ĬōŋōŕŊōŚ bà` ca ĬōŋōŕŊōŚ bàa Depreciation for the year bà` ŮŉŔŔ őŖŋŔŝŌōŌ őŖ ŋŗśŜ ŗŎ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśōů bàa ŮŉŔŔ őŖŋŔŝŌōŌ őŖ ŋŗśŜ ŗŎ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśōů

dìŲdi` aŲdhc ŮbèŲdbeů bèŲedh baaŲedf ŮacfŲhbfů bh`Ųbfh cahŲ`fa cŲdic ŮagfŲdagů adeŲacg c`Ųia` ŮabaŲgegů edŲbi` hdŲfce ŮbiŲ``hů eeŲfbg ŮaeŲ`fiů d`Ųeeh dŲghd aheŲdb` cŲdic c`Ųia`

ĩś ŉŜ ca ĬōŋōŕŊōŚ b`aaŲ ŋōŚŜŉőŖ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ŐŉŞō ŊōōŖ ŎŝŔŔš ŌōŘŚōŋőŉŜōŌ ŊŝŜ ŉŚō śŜőŔŔ őŖ ŝśōŴ ļŐō ŏŚŗśś carrying amount before deducting accumulated depreciation and allowance for impairment loss of those assets amounted Ŝŗ ŉŘŘŚŗŠőŕŉŜōŔš fŴb ŕőŔŔőŗŖ ĪŉŐŜ ŮļŐō īŗŕŘŉŖš ŗŖŔšĢ bŴ` ŕőŔŔőŗŖ ĪŉŐŜůŴ

ļŐō īŗŕŘŉŖš Őŉś ŗŊŔőŏōŌ Ŝŗ ŜŚŉŖśŎōŚ ŋōŚŜŉőŖ ōřŝőŘŕōŖŜ ŎŗŚ ŔōŉśōŲ şŐőŋŐ ŜŐō ŏŚŗśś ŋŉŚŚšőŖŏ ŉŕŗŝŖŜ ŊōŎŗŚō ŌōŌŝŋŜőŖŏ ŉŋŋŝŕŝŔŉŜōŌ ŌōŘŚōŋőŉŜőŗŖ ŉŖŌ ŉŔŔŗşŉŖŋō ŎŗŚ őŕŘŉőŚŕōŖŜ Ŕŗśś őś eaŴh ŕőŔŔőŗŖ ĪŉŐŜŲ Ŝŗ ŉ ŋŗŕŘŉŖš őŖ ŉŋŋŗŚŌŉŖŋō şőŜŐ conditions stipulated in the memorandum.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

17. Intangible assets

ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů Consolidated financial statements

īŗśŜ ĴōśśĢ ĩŋŋŝŕŝŔŉŜōŌ ŉŕŗŚŜőśŉŜőŗŖ ĶōŜ Ŋŗŗœ ŞŉŔŝō

Separate financial statements

2011

2010

2011

a`Ųgce ŮaŲiidů hŲgda

gŲeea ŮaŲ`igů fŲded

a`Ųfib ŮaŲih`ů hŲgab

2010 gŲe`h ŮaŲ`hhů fŲdb`

A reconciliation of the net book value of intangible assets for the years 2011 and 2010 is presented below.

ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů Consolidated financial statements 2011

ĶōŜ Ŋŗŗœ ŞŉŔŝō ŉŜ ŊōŏőŖŖőŖŏ ŗŎ šōŉŚ ĩŋřŝőśőŜőŗŖ ŗŎ ŋŗŕŘŝŜōŚ śŗŎŜşŉŚō ĩŕŗŚŜőśŉŜőŗŖ ĶōŜ Ŋŗŗœ ŞŉŔŝō ŉŜ ōŖŌ ŗŎ šōŉŚ

18.

fŲded cŲahd Ůhigů hŲgda

2010 cŲcga cŲfg` Ůehgů fŲded

Separate financial statements 2011 fŲdb` cŲahd Ůhibů hŲgab

2010 cŲccc cŲfg` Ůehců fŲdb`

Trade and other payables ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů Consolidated financial statements 2011

Trade payables ĺōŔŉŜōŌ ŘŉŚŜš ĽŖŚōŔŉŜōŌ ŘŉŚŜőōś ļŗŜŉŔ ŜŚŉŌō ŘŉšŉŊŔōś Other payables ĩŋŋŚŝōŌ ōŠŘōŖśōś ļŗŜŉŔ ŜŚŉŌō ŉŖŌ ŗŜŐōŚ ŘŉšŉŊŔōś

ų efbŲac` efbŲac` 143 a`eŲhid ffhŲafg

2010 cŲecf ff`Ųfdh ffdŲahd 193 iaŲhi` gefŲbfg

Separate financial statements 2011 ų efbŲac` efbŲac` 93 a`eŲehd ffgŲh`g

2010 cŲecf feiŲcff ffbŲi`b 143 iaŲgfb gedŲh`g

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

19. Long-term loans This balance represents a loan from a local bank of the Company under a credit facility of 100 million Baht for use in equipment acquisition for project works. It carries interest at a rate of 5.7% per annum. Principal and interest payments ŉŚō Ōŝō ŎŚŗŕ ĩŘŚőŔ b`ab Ŝŗ ĵŉŚŋŐ b`aeŲ ŜŗŜŉŔőŖŏ cf őŖśŜŉŔŔŕōŖŜś ŗŎ cŴ`f ŕőŔŔőŗŖ ĪŉŐŜ ōŉŋŐŴ ĩŖŌ ŜŐō ŔŗŉŖ őś ŝŖśōŋŝŚōŌŴ

ļŐō ŔŗŉŖ ŉŏŚōōŕōŖŜ ŋŗŖŜŉőŖś ŋŗŞōŖŉŖŜś ŉś śŘōŋőŎőōŌ őŖ ŜŐō ŉŏŚōōŕōŖŜ ŜŐŉŜŲ ŉŕŗŖŏ ŗŜŐōŚ ŜŐőŖŏśŲ ŚōřŝőŚō ŜŐō īŗŕŘŉŖš to maintain certain debt to equity and debt service coverage ratios according to the agreement.

ĵŗŞōŕōŖŜś őŖ ŜŐō ŔŗŖŏųŜōŚŕ ŔŗŉŖ ŉŋŋŗŝŖŜ ŌŝŚőŖŏ ŜŐō šōŉŚ ōŖŌōŌ ca ĬōŋōŕŊōŚ b`aa ŉŚō śŝŕŕŉŚőśōŌ ŊōŔŗşŴ

ĪŉŔŉŖŋō ŉś ŉŜ a ĲŉŖŝŉŚš b`aa Add: Loan received Balance as at 31 December 2011 ĴōśśĢ īŝŚŚōŖŜ ŘŗŚŜőŗŖ ŗŎ ŔŗŖŏųŜōŚŕ ŔŗŉŖś ĴŗŖŏųŜōŚŕ ŔŗŉŖśŲ ŖōŜ ŗŎ ŋŝŚŚōŖŜ ŘŗŚŜőŗŖ

ŮĽŖőŜĢ ĵőŔŔőŗŖ ĪŉŐŜů ų 75 75 Ůbeů e`

ĩś ŉŜ ca ĬōŋōŕŊōŚ b`aaŲ ŜŐō ŔŗŖŏųŜōŚŕ ŋŚōŌőŜ ŎŉŋőŔőŜőōś ŗŎ ŜŐō īŗŕŘŉŖš şŐőŋŐ ŐŉŞō ŖŗŜ šōŜ ŊōōŖ ŌŚŉşŖ ŌŗşŖ amounted to 25 million Baht.

20. Other current liabilities

ĩŌŞŉŖŋōŌ ŚōŋōőŘŜś ŎŚŗŕ ŋŝśŜŗŕōŚś ľŉŔŝō ŉŌŌōŌ ŜŉŠ ŘŉšŉŊŔō ĽŖŌŝō ŗŝŜŘŝŜ ŜŉŠ beŲcdg ĿőŜŐŐŗŔŌőŖŏ ŜŉŠ ŘŉšŉŊŔō ķŜŐōŚś aŲaeh aŲafa ļŗŜŉŔ ķŜŐōŚ ŋŝŚŚōŖŜ ŔőŉŊőŔőŜőōś

ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů Consolidated financial statements 2011 2010 aafŲifh geŲ`ac c`Ųbgb caŲecg bgŲhdg beŲcdg biŲide c`Ųdcd aŲadc aŲach b`cŲfi` afeŲiib

Separate financial statements 2011 2010 aafŲbdf geŲàc c`Ųbgb caŲecg bgŲeè biŲhic c`Ųcia b`bŲià

afeŲehd

21. Provision for long-term employee benefits

ĸŚŗŞőśőŗŖ ŎŗŚ ŔŗŖŏųŜōŚŕ ōŕŘŔŗšōō ŊōŖōŎőŜś ŉś ŉŜ ca ĬōŋōŕŊōŚ b`aa ŉŖŌ b`a`Ų şŐőŋŐ őś ŋŗŕŘōŖśŉŜőŗŖś ŗŖ ōŕŘŔŗšōōśÝ ŚōŜőŚōŕōŖŜŲ şŉś ŉś ŎŗŔŔŗşśĢ ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů

ĪŉŔŉŖŋō ŉŜ ŊōŏőŖŖőŖŏ ŗŎ šōŉŚ īŝŚŚōŖŜ śōŚŞőŋō ŋŗśŜ ıŖŜōŚōśŜ ŋŗśŜ aŲcah ĪōŖōŎőŜś ŘŉőŌ ŌŝŚőŖŏ ŜŐō šōŉŚ ĪŉŔŉŖŋō ŉŜ ōŖŌ ŗŎ šōŉŚ

Consolidated financial statements 2011 2010 cbŲibi beŲicf fŲgcd eŲief aŲ`cg aŲbi` ŮbŲeaeů ų chŲdff cbŲibi

Separate financial statements 2011 2010 cbŲbdh beŲeac fŲdgh eŲgae aŲ`b` ŮbŲeaeů ų cgŲe`a cbŲbdh

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ĴŗŖŏųŜōŚŕ ōŕŘŔŗšōō ŊōŖōŎőŜ ōŠŘōŖśōś őŖŋŔŝŌōŌ őŖ ŜŐō ŘŚŗŎőŜ ŗŚ Ŕŗśś ŎŗŚ ŜŐō šōŉŚ ōŖŌōŌ ca ĬōŋōŕŊōŚ b`aa ŉŕŗŝŖŜōŌ Ŝŗ h ŕőŔŔőŗŖ ĪŉŐŜ Ůb`a`Ģ g ŕőŔŔőŗŖ ĪŉŐŜůŴ Principal actuarial assumptions at the valuation date as follows: Consolidated financial statements 2011 2010

Discount rate Future salary increase rate ŮŌōŘōŖŌőŖŏ ŗŖ ŉŏō ŗŎ ōŕŘŔŗšōōů ĻŜŉŎŎ ŜŝŚŖŗŞōŚ ŚŉŜō

Separate financial statements 2011 2010

(% per annum)

c ų g c ų g

c ų f c ų g

22. Share capital Presented below is a summary of movements in share capital during the years ended 31 December 2011 and 2010.

Balance as at 31 December 2009 ıŖŋŚōŉśō ŎŚŗŕ şŉŚŚŉŖŜ ōŠōŚŋőśō őŖ ĵŉŚŋŐ bà` ĲŝŖō bà` ĩŝŏŝśŜ bà` ĻōŘŜōŕŊōŚ bà` ĬōŋōŕŊōŚ bà` Balance as at 31 December 2010 ıŖŋŚōŉśō ŎŚŗŕ şŉŚŚŉŖŜ ōŠōŚŋőśō őŖ ĵŉŚŋŐ bàa June 2011 ĩŝŏŝśŜ bàa September 2011 December 2011 Balance as at 31 December 2011

Issued and fully paid-up share capital (Thousand Baht)

Share premium (Thousand Baht)

303,451 acŲeec aŲgcc fŲbia bŲdac 330,929 bŲ`ah 398 cŲfd` 324 153 337,462

224,172 caŲagb cŲihf cŲdhh adŲdfi eŲeea 282,838 dŲfda 915 cŲfd` 745 353 293,132

Date of registration of additional shares arising from exercise of warrants with the Ministry of Commerce

g ĩŘŚőŔ bà` f ĲŝŔš bà` cŲdhh c ĻōŘŜōŕŊōŚ bà` f ķŋŜŗŊōŚ bà` g ĲŉŖŝŉŚš bàa

d ĩŘŚőŔ b`aa 6 July 2011 f ĻōŘŜōŕŊōŚ b`aa 5 October 2011 10 January 2012

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

23. Warrants

ļŐō ĩŖŖŝŉŔ įōŖōŚŉŔ ĵōōŜőŖŏ ŗŎ ŜŐō īŗŕŘŉŖšÝś śŐŉŚōŐŗŔŌōŚś ŐōŔŌ ŗŖ b` ĩŘŚőŔ b``gŲ ŘŉśśōŌ ŉ ŚōśŗŔŝŜőŗŖ Ŝŗ őśśŝō ŉŖŌ offer warrants free of charge as follows:

Issued date ĶŝŕŊōŚ ŗŎ şŉŚŚŉŖŜś ŏŚŉŖŜōŌ ŮŝŖőŜů ĴőŎō ŗŎ şŉŚŚŉŖŜś ŮšōŉŚů ĭŠōŚŋőśŉŊŔō ĭŠōŚŋőśō ŘŚőŋō ŘōŚ a ŗŚŌőŖŉŚš śŐŉŚōś ŮĪŉŐŜů ĭŠōŚŋőśō ŚŉŜőŗ ŮşŉŚŚŉŖŜś Ŝŗ ŗŚŌőŖŉŚš śŐŉŚōśů

Warrants issued to existing shareholders

Warrants issued to the Company’s directors and/ or employees (ESOP)

1 October 2007 fŲ```Ų``` e bh ĬōŋōŕŊōŚ b``g 30 September 2012 afŴe` aĢa

1 October 2007 cŲ```Ų``` e ca ĩŝŏŝśŜ b``i 30 September 2012 a`Ŵ`` aĢa

Presented below is a summary of movement of warrants:

ŮĽŖőŜů

ĶŝŕŊōŚ ŗŎ şŉŚŚŉŖŜś őśśŝōŌ ĭŠōŚŋőśōŌ ŌŝŚőŖŏ ŜŐō šōŉŚ b`ì ĭŠŘőŚōŌ ŌŝŚőŖŏ ŜŐō šōŉŚ b`ì ĭŠōŚŋőśōŌ ŌŝŚőŖŏ ŜŐō šōŉŚ bà` ĪŉŔŉŖŋō ŉś ŉŜ ca ĬōŋōŕŊōŚ bà` ĭŠōŚŋőśōŌ ŌŝŚőŖŏ ŜŐō šōŉŚ bàa ĪŉŔŉŖŋō ŉś ŉŜ ca ĬōŋōŕŊōŚ bàa

Warrants issued to existing shareholders

Warrants issued to the Company’s directors and/ or employees (ESOP)

eŲiiiŲigb Ůgfeů ų ŮdŲgihŲ`igů aŲb`aŲaa` ŮeghŲfa`ů fbbŲe``

cŲ```Ų``` ŮfhiŲe``ů Ůah`Ų```ů ŮfigŲe``ů aŲdccŲ``` ŮgbhŲ```ů g`eŲ```

24. Statutory reserve

ĸŝŚśŝŉŖŜ Ŝŗ ĻōŋŜőŗŖ aaf ŗŎ ŜŐō ĸŝŊŔőŋ ĴőŕőŜōŌ īŗŕŘŉŖőōś ĩŋŜ ĪŴĭŴ beceŲ ŜŐō īŗŕŘŉŖš őś ŚōřŝőŚōŌ Ŝŗ śōŜ ŉśőŌō Ŝŗ ŉ śŜŉŜŝŜŗŚš ŚōśōŚŞō ŉŜ ŔōŉśŜ e ŘōŚŋōŖŜ ŗŎ őŜś ŖōŜ ŘŚŗŎőŜ ŉŎŜōŚ ŌōŌŝŋŜőŖŏ ŉŋŋŝŕŝŔŉŜōŌ ŌōŎőŋőŜ ŊŚŗŝŏŐŜ ŎŗŚşŉŚŌ ŮőŎ ŉŖšůŲ ŝŖŜőŔ the reserve reaches 10 percent of the registered capital. The statutory reserve is not available for dividend distribution. ĩŜ ŘŚōśōŖŜŲ ŜŐō īŗŕŘŉŖš ŐŉŌ ŎŝŔŔš ŉŘŘŚŗŘŚőŉŜōŌ śŜŉŜŝŜŗŚš ŚōśōŚŞōŴ

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

25. Expenses by nature

ĻőŏŖőŎőŋŉŖŜ ōŠŘōŖśōś Ŋš ŖŉŜŝŚō ŉŚō ŉś ŎŗŔŔŗşśĢ

ŮĽŖőŜĢ ļŐŗŝśŉŖŌ ĪŉŐŜů Consolidated financial statements

ĻŉŔŉŚšŲ ŊŗŖŝśŲ ŋŗŕŕőśśőŗŖ ŉŖŌ ŗŜŐōŚ ōŕŘŔŗšōō ŊōŖōŎőŜś ıŖśŜŉŔŔŉŜőŗŖ ŉŖŌ śōŚŞőŋōś ōŠŘōŖśō ĺōŘŉőŚ ŉŖŌ ŕŉőŖŜōŖŉŖŋō ōŠŘōŖśō ĬōŘŚōŋőŉŜőŗŖ ŉŖŌ ŉŕŗŚŜőśŉŜőŗŖ ĭŖŜōŚŜŉőŖŕōŖŜ ōŠŘōŖśōś ĸŝŚŋŐŉśō őŖŞōŖŜŗŚőōś bŲ`acŲhbh īŐŉŖŏōś őŖ őŖŞōŖŜŗŚőōś

Separate financial statements

2011

2010

2011

2010

ebiŲgag hbeŲid` abbŲdhb dhŲhci dfŲd`f bŲdggŲhbi fhŲ`db

dedŲ`cb h`cŲ`ha ieŲgad adŲ`f` ddŲcii bŲ``gŲgea ŮbgeŲegdů

ebdŲdia hbeŲibi abbŲdhb dhŲfca dgŲch` bŲdfgŲg`i fgŲa`g

ddgŲcag h`cŲ`ha ieŲgac acŲfha ddŲccb ŮbgcŲagdů

26. Earnings per share

Basic earnings per share is calculated by dividing profit for the year attributable to equity holders of the Company ŮōŠŋŔŝŌőŖŏ ŗŜŐōŚ ŋŗŕŘŚōŐōŖśőŞō őŖŋŗŕōů Ŋš ŜŐō şōőŏŐŜōŌ ŉŞōŚŉŏō ŖŝŕŊōŚ ŗŎ ŗŚŌőŖŉŚš śŐŉŚōś őŖ őśśŝō ŌŝŚőŖŏ ŜŐō šōŉŚŴ Diluted earnings per share is calculated by dividing profit for the year attributable to equity holders of the Company ŮōŠŋŔŝŌőŖŏ ŗŜŐōŚ ŋŗŕŘŚōŐōŖśőŞō őŖŋŗŕōů Ŋš ŜŐō şōőŏŐŜōŌ ŉŞōŚŉŏō ŖŝŕŊōŚ ŗŎ ŗŚŌőŖŉŚš śŐŉŚōś őŖ őśśŝō ŌŝŚőŖŏ ŜŐō šōŉŚ plus the weighted average number of ordinary shares which would need to be issued to convert all dilutive potential ordinary shares into ordinary shares. The calculation assumes that the conversion took place either at the beginning of the year or on the date the potential ordinary shares were issued. Calculation of basic earnings per share and diluted earnings per share is presented below: Consolidated financial statements Profit for the year 2011

2010

Weighted average number of ordinary shares 2011

2010

ffŲhab

fcŲeah

fŴeg

ibd edb

aŲccc aŲggd

fhŲbgh

ffŲfbe

fŴdc

(Thousand Baht) (Thousand Baht) (Thousand shares) (Thousand shares) (Restated)

Basic earnings per share Profit attributable to equity holders ŗŎ ŜŐō īŗŕŘŉŖš dchŲib` chaŲdia Effect of dilutive potential ordinary shares ĭĻķĸ ų ų ĿŉŚŚŉŖŜś őśśŝōŌ Ŝŗ ōŠőśŜőŖŏ śŐŉŚōŐŗŔŌōŚś ų ų Diluted earnings per share Profit of ordinary shareholders assuming the ŋŗŖŞōŚśőŗŖ ŗŎ şŉŚŚŉŖŜś Ŝŗ ŗŚŌőŖŉŚš śŐŉŚōś dchŲib` chaŲdia

Earnings per share 2011

2010

(Baht)

(Baht) (Restated)

fŴ`a

eŴgc

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Separate financial statements Profit for the year 2011

2010

Weighted average number of ordinary shares 2011

2010

ffŲhab

fcŲeah

fŴeg

ibd edb

aŲccc aŲggd

fhŲbgh

ffŲfbe

fŴdc

(Thousand Baht) (Thousand Baht) (Thousand shares) (Thousand shares) (Restated)

Basic earnings per share Profit attributable to equity holders ŗŎ ŜŐō īŗŕŘŉŖš dchŲibe cgiŲace Effect of dilutive potential ordinary shares ĭĻķĸ ų ų ĿŉŚŚŉŖŜś őśśŝōŌ Ŝŗ ōŠőśŜőŖŏ śŐŉŚōŐŗŔŌōŚś ų ų Diluted earnings per share Profit of ordinary shareholders assuming the ŋŗŖŞōŚśőŗŖ ŗŎ şŉŚŚŉŖŜś Ŝŗ ŗŚŌőŖŉŚš śŐŉŚōś dchŲibe cgiŲace

Earnings per share 2011

2010

(Baht)

(Baht) (Restated)

eŴig

eŴfi

27. Segment information

ļŐō īŗŕŘŉŖš ŉŖŌ őŜś śŝŊśőŌőŉŚšÝ ŊŝśőŖōśś ŗŘōŚŉŜőŗŖś őŖŞŗŔŞō b ŘŚőŖŋőŘŉŔ śōŏŕōŖŜśĢ Ůaů śŉŔōś ŉŖŌ śōŚŞőŋō ŉŖŌ Ůbů ŚōŖŜŉŔ ŗŎ ōřŝőŘŕōŖŜŴ ļŐōśō ŗŘōŚŉŜőŗŖś ŉŚō ŕŉőŖŔš ŋŉŚŚőōŌ ŗŖ őŖ ļŐŉőŔŉŖŌŴ ĬŝŚőŖŏ ŜŐō šōŉŚś ōŖŌōŌ ca ĬōŋōŕŊōŚ b`aa ŉŖŌ b`a`Ų ŜŐōŚō şōŚō Ŗŗ ŕŉŜōŚőŉŔ ŉŋŜőŞőŜőōś ŘōŚŜŉőŖőŖŏ Ŝŗ ŚōŖŜőŖŏ śōŏŕōŖŜŴ ĮŗŚ ŜŐőś ŚōŉśŗŖŲ ŎőŖŉŖŋőŉŔ őŖŎŗŚŕŉŜőŗŖ has not been presented by either industry segment or geographic area. Transfer prices between business segments are as set out in Note 8 to the financial statements.

28. Provident fund The Company and its employees have jointly established a provident fund in accordance with the Provident Fund Act ĪŴĭŴ bec`Ŵ ĪŗŜŐ ōŕŘŔŗšōōś ŉŖŌ ŜŐō īŗŕŘŉŖš ŋŗŖŜŚőŊŝŜōŌ Ŝŗ ŜŐō ŎŝŖŌ ŕŗŖŜŐŔš ŉŜ ŜŐō ŚŉŜō ŗŎ e ų ae ŘōŚŋōŖŜ ŗŎ Ŋŉśőŋ śŉŔŉŚšŴ ļŐō ŎŝŖŌŲ şŐőŋŐ őś ŕŉŖŉŏōŌ Ŋš ĵĮī ĩśśōŜ ĵŉŖŉŏōŕōŖŜ ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ ŉŖŌ ıĶį ĮŝŖŌś ŮļŐŉőŔŉŖŌů īŗŕŘŉŖš ĴőŕőŜōŌŲ şőŔŔ Ŋō ŘŉőŌ Ŝŗ ōŕŘŔŗšōōś ŝŘŗŖ ŜōŚŕőŖŉŜőŗŖ őŖ ŉŋŋŗŚŌŉŖŋō şőŜŐ ŜŐō ŎŝŖŌ ŚŝŔōśŴ ĬŝŚőŖŏ ŜŐō šōŉŚ b`aaŲ ŜŐō īŗŕŘŉŖš ŋŗŖŜŚőŊŝŜōŌ aiŴa ŕőŔŔőŗŖ ĪŉŐŜ Ůb`a`Ģ agŴc ŕőŔŔőŗŖ ĪŉŐŜů Ŝŗ ŜŐō ŎŝŖŌŴ

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

29. Dividends Dividends

Total dividends (Million Baht)

Approved by

Final dividends in respect of the year 2009 operating results

The 2010 Annual General Meeting of the Company’s shareholders held on 23 April 2010 Interim dividends in respect The Board of Directors’s meeting of the operating results of the of the Company held śőŠųŕŗŖŜŐ ŘōŚőŗŌ ōŖŌōŌ c` ĲŝŖō b`a` ŗŖ f ĩŝŏŝśŜ b`a` Final dividends in respect of the year 2010 operating results Interim dividends in respect of the ŗŘōŚŉŜőŖŏ ŚōśŝŔŜś ŗŎ ŜŐō śőŠųŕŗŖŜŐ period ended 30 June 2011

The 2011 Annual General Meeting of the Company’s shareholders held on 8 April 2011 The Board of Directors’s meeting ŗŎ ŜŐō īŗŕŘŉŖš ŐōŔŌ on 5 August 2011

Dividend per share (Baht)

142.7

2.25

ieŴf 238.3

aŴe` 3.75

199.8

3.00

100.0 299.8

1.50 4.50

30. Commitments and contingent liabilities 30.1 Operating lease commitments

The Company and its subsidiary have entered into several lease agreements in respect of leases of buildings and motor vehicles. The terms of the agreements are generally between 1 and 4 years.

ĩś ŉŜ ca ĬōŋōŕŊōŚ b`aaŲ ŜŐō īŗŕŘŉŖš ŉŖŌ őŜś śŝŊśőŌőŉŚš ŐŉŞō ŎŝŜŝŚō ŕőŖőŕŝŕ Ŕōŉśō ŘŉšŕōŖŜś ŚōřŝőŚōŌ ŝŖŌōŚ these leases arrangements as follows: ŮĽŖőŜĢ ĵőŔŔőŗŖ ĪŉŐŜů

Payable within Less than 1 year 1 to 3 years

Consolidated financial statements

Separate financial statements

10.5 4.9

10.4 4.9

30.2 Obligations relating to undelivered and unrendered contracts

1. The Company and its subsidiary have undelivered and unrendered contracts of selling goods and rendering śōŚŞőŋōś Ŝŗ ŜŐōőŚ ŋŝśŜŗŕōŚś ŗŎ ŉŘŘŚŗŠőŕŉŜōŔš bŲgfd ŕőŔŔőŗŖ ĪŉŐŜ Ůbà`Ģ bŲfea ŕőŔŔőŗŖ ĪŉŐŜů ŮļŐō īŗŕŘŉŖš ŗŖŔšĢ bŲgeg ŕőŔŔőŗŖ ĪŉŐŜŲ bà`Ģ bŲfcg ŕőŔŔőŗŖ ĪŉŐŜůŴ bŴ ļŐō īŗŕŘŉŖš Őŉś ōŖŏŉŏōŌ őŖ ŞŉŚőŗŝś ŋŗŖŜŚŉŋŜśŲ ŜŗŜŉŔőŖŏ ŋŗŖŜŚŉŋŜ ŞŉŔŝō ŗŎ ŎŝŜŝŚō śōŚŞőŋō ŚōŖŌōŚőŖŏ ŗŎ cca ŕőŔŔőŗŖ ĪŉŐŜ Ůbà`Ģ ae ŕőŔŔőŗŖ ĪŉŐŜůŲ Ŝŗ Ŕōŉśō ŜŐō ōŔōŋŜŚŗŖőŋ ōřŝőŘŕōŖŜ Ŝŗ ŋŗŕŘŉŖőōś ŗŎ şŐőŋŐ ŜŐō ŏŗŞōŚŖŕōŖŜ őś ŉ ŕŉŒŗŚ śŐŉŚōŐŗŔŌōŚŲ ŏŗŞōŚŖŕōŖŜ ŉŏōŖŋőōś ŉŖŌ ŞŉŚőŗŝś śŋŐŗŗŔśŴ ļŐō īŗŕŘŉŖš Őŉś ŗŊŔőŏōŌ to complete the equipment installation and render maintenance services of these equipment in accordance with conditions stipulated in the contracts.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

30.3 Guarantees

ĩś ŉŜ ca ĬōŋōŕŊōŚ bàaŲ ŜŐōŚō şōŚō ŗŝŜśŜŉŖŌőŖŏ ŊŉŖœ ŏŝŉŚŉŖŜōōś ŗŎ ŉŘŘŚŗŠőŕŉŜōŔš aŲacgŴc ŕőŔŔőŗŖ ĪŉŐŜ Ůbà`Ģ aŲèeŴi ŕőŔŔőŗŖ ĪŉŐŜů şŐőŋŐ ŐŉŞō ŊōōŖ őśśŝōŌ Ŋš ŊŉŖœś ŗŖ ŊōŐŉŔŎ ŗŎ ŜŐō īŗŕŘŉŖšŲ őŜś śŝŊśőŌőŉŚšŲ őŜś contracted counter parties and consortium between the Company and its subsidiary/its contracted counter ŘŉŚŜőōśŲ ŏŝŉŚŉŖŜōōŌ Ŋš ŜŐō īŗŕŘŉŖšŲ őŖ ŚōśŘōŋŜ ŗŎ ŋōŚŜŉőŖ ŘōŚŎŗŚŕŉŖŋō ŊŗŖŌś ŉś ŚōřŝőŚōŌ őŖ ŜŐō ŗŚŌőŖŉŚš ŋŗŝŚśō ŗŎ őŜś ŊŝśőŖōśśōśŴ ļŐōśō őŖŋŔŝŌōŌ ŔōŜŜōŚś ŗŎ ŏŝŉŚŉŖŜōō ŉŕŗŝŖŜőŖŏ Ŝŗ aŲacdŴi ŕőŔŔőŗŖ ĪŉŐŜ Ŝŗ ŏŝŉŚŉŖŜōō contractual performance and 2.4 million Baht to guarantee payments due to creditors.

31. Financial instruments

31.1 Financial risk management

ļŐō īŗŕŘŉŖšÝś ŎőŖŉŖŋőŉŔ őŖśŜŚŝŕōŖŜśŲ ŉś ŌōŎőŖōŌ ŝŖŌōŚ ļŐŉő ĩŋŋŗŝŖŜőŖŏ ĻŜŉŖŌŉŚŌ ĶŗŴ a`g ßĮőŖŉŖŋőŉŔ ıŖśŜŚŝŕōŖŜśĢ ĬőśŋŔŗśŝŚō ŉŖŌ ĸŚōśōŖŜŉŜőŗŖśàŲ ŘŚőŖŋőŘŉŔŔš ŋŗŕŘŚőśō ŋŉśŐ ŉŖŌ ŋŉśŐ ōřŝőŞŉŔōŖŜśŲ ŋŝŚŚōŖŜ őŖŞōśŜŕōŖŜŲ ŜŚŉŌō ŉŖŌ ŗŜŐōŚ ŚōŋōőŞŉŊŔōśŲ ŚōśŜŚőŋŜōŌ ŊŉŖœ ŌōŘŗśőŜśŲ ŜŚŉŌō ŉŖŌ ŗŜŐōŚ ŘŉšŉŊŔōś ŉŖŌ ŔŗŖŏųŜōŚŕ ŔŗŉŖśŴ ļŐō ŎőŖŉŖŋőŉŔ Śőśœś associated with these financial instruments and how they are managed is described below. Credit risk ļŐō īŗŕŘŉŖš őś ōŠŘŗśōŌ Ŝŗ ŋŚōŌőŜ Śőśœ ŘŚőŕŉŚőŔš şőŜŐ ŚōśŘōŋŜ Ŝŗ ŜŚŉŌō ŉŖŌ ŗŜŐōŚ ŚōŋōőŞŉŊŔōśŴ İŗşōŞōŚŲ Ōŝō Ŝŗ ŉ ŘŚŝŌōŖŜ ŋŚōŌőŜ ŘŗŔőŋš ŉŖŌ ŕŗśŜ ŋŝśŜŗŕōŚś ŉŚō ŏŗŞōŚŖŕōŖŜ ŉŏōŖŋőōśŲ ŋŗŕŘŉŖőōś őŖ şŐőŋŐ ŜŐō ŏŗŞōŚŖŕōŖŜ őś ŉ ŕŉŒŗŚ śŐŉŚōŐŗŔŌōŚŲ ŜŐō īŗŕŘŉŖš Ōŗōś ŖŗŜ ōŠŘōŋŜ Ŝŗ őŖŋŝŚ ŕŉŜōŚőŉŔ ŎőŖŉŖŋőŉŔ ŔŗśśōśŴ ļŐō ŕŉŠőŕŝŕ ōŠŘŗśŝŚō to credit risk is limited to the carrying amounts of trade and other receivables as stated in the statements of financial position.

Interest rate risk ļŐō īŗŕŘŉŖšÝś ōŠŘŗśŝŚō Ŝŗ őŖŜōŚōśŜ ŚŉŜō Śőśœ ŚōŔŉŜōś ŘŚőŕŉŚőŔš Ŝŗ őŜś ŋŉśŐ ŉŜ ŊŉŖœś ŉŖŌ ŔŗŖŏųŜōŚŕ ŔŗŉŖśŴ İŗşōŞōŚŲ śőŖŋō ŕŗśŜ ŗŎ ŜŐō īŗŕŘŉŖšÝś ŎőŖŉŖŋőŉŔ ŉśśōŜś ŉŖŌ ŔőŉŊőŔőŜőōś ŊōŉŚ ŎŔŗŉŜőŖŏ őŖŜōŚōśŜ ŚŉŜōś ŗŚ ŎőŠōŌ őŖŜōŚōśŜ ŚŉŜōś şŐőŋŐ ŉŚō ŋŔŗśō Ŝŗ ŜŐō ŕŉŚœōŜ ŚŉŜōŲ ŜŐō őŖŜōŚōśŜ ŚŉŜō Śőśœ őś ōŠŘōŋŜōŌ Ŝŗ Ŋō ŕőŖőŕŉŔŴ

Significant financial assets and liabilities as at 31 December 2011 classified by type of interest rates are śŝŕŕŉŚőśōŌ őŖ ŜŐō ŜŉŊŔō ŊōŔŗşŲ şőŜŐ ŜŐŗśō ŎőŖŉŖŋőŉŔ ŉśśōŜś ŉŖŌ ŔőŉŊőŔőŜőōś ŜŐŉŜ ŋŉŚŚš ŎőŠōŌ őŖŜōŚōśŜ ŚŉŜōś ŎŝŚŜŐōŚ ŋŔŉśśőŎőōŌ ŊŉśōŌ ŗŖ ŜŐō ŕŉŜŝŚőŜš ŌŉŜōŲ ŗŚ ŜŐō ŚōŘŚőŋőŖŏ ŌŉŜō őŎ ŜŐőś ŗŋŋŝŚś ŊōŎŗŚō ŜŐō ŕŉŜŝŚőŜš ŌŉŜōŴ Consolidated financial statements Fixed interest Fixed interest rate rate due within due between 1 year 1 - 5 years (Million Baht)

Financial Assets īŉśŐ ŉŖŌ ŋŉśŐ ōřŝőŞŉŔōŖŜś ļŚŉŌō ŉŖŌ ŗŜŐōŚ ŚōŋōőŞŉŊŔōś ĺōśŜŚőŋŜōŌ ŊŉŖœ ŌōŘŗśőŜś Financial liabilities ļŚŉŌō ŉŋŋŗŝŖŜś ŘŉšŉŊŔōś ĴŗŖŏųŜōŚŕ ŔŗŉŖś

Non-interest bearing

Total

Interest rate (% p.a.)

bagŴa ų hŴg bbeŴh

ų ų ų ų

ų aŲ`agŴi ų aŲ`agŴi

bagŴa aŲ`agŴi hŴg aŲbdcŴg

`Ŵa ų aŴi ų aŴi ų cŴc

ų bdŴh 24.8

ų e`Ŵb 50.2

ffhŴb ų 668.2

ffhŴb geŴ` 743.2

ų eŴg

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Foreign currency risk

ļŐō īŗŕŘŉŖš ōŠŘŗśŝŚōś Ŝŗ ŎŗŚōőŏŖ ŋŝŚŚōŖŋš Śőśœ ŉŚőśōś ŕŉőŖŔš ŎŚŗŕ ŘŝŚŋŐŉśőŖŏ őŖŞōŖŜŗŚőōś ŜŐŉŜ ŉŚō ŌōŖŗŕőŖŉŜōŌ őŖ ŎŗŚōőŏŖ ŋŝŚŚōŖŋőōśŴ ļŐō īŗŕŘŉŖš śōōœś Ŝŗ ŚōŌŝŋō ŜŐőś Śőśœ Ŋš ōŖŜōŚőŖŏ őŖŜŗ ŎŗŚşŉŚŌ ōŠŋŐŉŖŏō ŋŗŖŜŚŉŋŜś şŐōŖ őŜ ŋŗŖśőŌōŚś ŉŘŘŚŗŘŚőŉŜōŴ įōŖōŚŉŔŔšŲ ŜŐō ŎŗŚşŉŚŌ ŋŗŖŜŚŉŋŜś ŕŉŜŝŚō şőŜŐőŖ ŗŖō šōŉŚŴ

ĩś ŉŜ ca ĬōŋōŕŊōŚ b`aaŲ ŜŐō īŗŕŘŉŖš ŐŉŌ ŗŝŜśŜŉŖŌőŖŏ ŊŉŔŉŖŋō ŗŎ ŜŚŉŌō ŉŋŋŗŝŖŜś ŘŉšŉŊŔō ŌōŖŗŕőŖŉŜōŌ őŖ ŎŗŚōőŏŖ ŋŝŚŚōŖŋš ŗŎ ĽĻĬ eŴd ŕőŔŔőŗŖ ŉŖŌ ŐŉŌ ŋōŚŜŉőŖ ŎŗŚşŉŚŌ ōŠŋŐŉŖŏō ŋŗŖŜŚŉŋŜś şŐőŋŐ ŐŉŌ ŊōōŖ ŕŉŌō Ŝŗ ŋŗŞōŚ ŜŐō ŘŝŚŋŐŉśō ŗŎ őŖŞōŖŜŗŚőōś ŜŗŜŉŔőŖŏ ĽĻĬ bŴg ŕőŔŔőŗŖŲ ŉŜ ōŠŋŐŉŖŏō ŚŉŜōś ŚŉŖŏőŖŏ ŊōŜşōōŖ ĪŉŐŜ biŴhg Ŝŗ Baht 30.91 per USD.

ĻőŖŋō ŜŐō ŕŉŒŗŚőŜš ŗŎ ŜŐō īŗŕŘŉŖšÝś ŎőŖŉŖŋőŉŔ ŉśśōŜś ŉŖŌ ŔőŉŊőŔőŜőōś ŉŚō śŐŗŚŜųŜōŚŕ őŖ ŖŉŜŝŚōŲ ŜŐōőŚ ŎŉőŚ ŞŉŔŝō őś ŖŗŜ ōŠŘōŋŜōŌ Ŝŗ Ŋō ŕŉŜōŚőŉŔŔš ŌőŎŎōŚōŖŜ ŎŚŗŕ ŜŐō ŉŕŗŝŖŜś ŘŚōśōŖŜōŌ őŖ ŜŐō śŜŉŜōŕōŖŜś ŗŎ ŎőŖŉŖŋőŉŔ ŘŗśőŜőŗŖŴ

ĩ ŎŉőŚ ŞŉŔŝō őś ŜŐō ŉŕŗŝŖŜ ŎŗŚ şŐőŋŐ ŉŖ ŉśśōŜ ŋŉŖ Ŋō ōŠŋŐŉŖŏōŌ ŗŚ ŉ ŔőŉŊőŔőŜš śōŜŜŔōŌ ŊōŜşōōŖ œŖŗşŔōŌŏōŉŊŔōŲ willing parties in an arm’s length transaction. The fair value is determined by reference to the market price of ŜŐō ŎőŖŉŖŋőŉŔ őŖśŜŚŝŕōŖŜ ŗŚ Ŋš ŝśőŖŏ ŉŖ ŉŘŘŚŗŘŚőŉŜō ŞŉŔŝŉŜőŗŖ ŜōŋŐŖőřŝōŲ ŌōŘōŖŌőŖŏ ŗŖ ŜŐō ŖŉŜŝŚō ŗŎ ŜŐō őŖśŜŚŝŕōŖŜŴ

31.2 Fair values of financial instruments

32. Capital management The primary objectives of the Company’s capital management is to ensure that it has an appropriate financing structure and preserves the ability to continue its business as a going concern.

ļŐō ŏŚŗŝŘ ŕŉŖŉŏōś őŜś ŋŉŘőŜŉŔ ŘŗśőŜőŗŖ şőŜŐ ŚōŎōŚōŖŋō Ŝŗ őŜś ŌōŊŜųŜŗųōřŝőŜš ŚŉŜőŗŴ ĩś ŉŜ ca ĬōŋōŕŊōŚ bàaŲ ŜŐō įŚŗŝŘÝś ŌōŊŜųŜŗųōřŝőŜš ŚŉŜőŗŖ şŉś aŴ`Ģa Ůbà`Ģ `ŴiĢaů ŉŖŌ ŜŐō īŗŕŘŉŖšÝś şŉś aŴ`Ģa Ůbà`Ģ `ŴiĢaůŴ

33. Subsequent events

ķŖ ag ĮōŊŚŝŉŚš b`abŲ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśÝ ŕōōŜőŖŏ ĶŗŴ aŵbeee ŗŎ ŜŐō īŗŕŘŉŖš ŘŉśśōŌ ŉ ŚōśŗŔŝŜőŗŖ Ŝŗ ŘŚŗŘŗśō ŜŐō ŘŉšŕōŖŜ ŗŎ ŉ ŘŉšŕōŖŜ ŗŎ ŌőŞőŌōŖŌ őŖ ŚōśŘōŋŜ ŗŎ b`aa ŗŘōŚŉŜőŖŏ ŚōśŝŔŜś ŗŎ ĪŉŐŜ cŴe` ŘōŚ śŐŉŚōŲ şŐőŋŐ őś ŉŖ addition of an interim dividend payment of Baht 1.50 per share made in September 2011. The Company will propose A propose to distribute such dividend payment will be presented for approval to in the forthcoming Annual General Meeting of the Company’s shareholders.

34. Reclassification

To comply with the Notification of the Department of Business Development relating to the financial statement presentation as described in Note 2 and as the result of the adoption of revised and new accounting standards as ŌōśŋŚőŊōŌ őŖ ĶŗŜō c ŉŖŌ ĶŗŜō eŲ ŋōŚŜŉőŖ ŉŕŗŝŖŜś őŖ ŜŐō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś ŎŗŚ ŜŐō šōŉŚ ōŖŌōŌ ca ĬōŋōŕŊōŚ b`a` ŐŉŞō ŊōōŖ ŚōŋŔŉśśőŎőōŌ Ŝŗ ŋŗŖŎŗŚŕ Ŝŗ ŜŐō ŋŝŚŚōŖŜ šōŉŚÝś ŋŔŉśśőŎőŋŉŜőŗŖŲ şőŜŐŗŝŜ ŉŖš ōŎŎōŋŜ Ŝŗ ŜŐō ŘŚōŞőŗŝśŔš ŚōŘŗŚŜōŌ ŘŚŗŎőŜ ŗŚ śŐŉŚō ŐŗŔŌōŚÝś ōřŝőŜšŲ ōŠŋōŘŜ ŜŐō ŉŌŗŘŜőŗŖ ŗŎ ļĩĻ ai ĭŕŘŔŗšōō ĪōŖōŎőŜśŴ

35. Approval of financial statements These financial statements were authorised for issue by the Company’s Board of Directors on 17 February 2012.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Management’s Discussion and Analysis 1. Overview of Past Performance ĩŔŜŐŗŝŏŐ ļŐŉőŔŉŖŌ ŎŉŋōŌ ŜŐō şŗŚśŜ ŎŔŗŗŌ őŖ ŌōŋŉŌōś ŉŜ ŜŐō ōŖŌ ŗŎ ŜŐō šōŉŚ bàaŲ ŗŝŚ ŘōŚŎŗŚŕŉŖŋō őŖ bàa őś considered the highest in revenue and net profit since the establishment of AIT. However the performance of Maple Plus īŗŴŲ ĴŜŌŴŲ ŉ śŝŊśőŌőŉŚš ŋŗŕŘŉŖšŲ őś śŜőŔŔ ŖŗŜ śőŏŖőŎőŋŉŖŜ ōŖŗŝŏŐ őŖ ŜŐō ŋŗŖśŗŔőŌŉŜōŌ ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜŴ ļŐōŚōŎŗŚōŲ ŜŐō ŎőŖŉŖŋőŉŔ ŌőśŋŝśśőŗŖ ŉŖŌ ŉŖŉŔšśőś őŖ bàaŲ őŖ ŜŐőś śōŋŜőŗŖŲ şőŔŔ Ŋō ŊŉśōŌ ŗŖ ŉ śōŘŉŚŉŜō ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜŴ The operating performance of The Company can be summarized by business as follows:

1.1 Sales and Services Business Revenues from sales and services business consisted of sales of equipment; sales of software and program ŌōŞōŔŗŘŕōŖŜģ śŉŔōś ŗŎ ŜŝŚŖœōš ŘŚŗŒōŋŜś şŐőŋŐ ŉŚō őŖŋŔŝŌōŌ ŮŋŗŖśŝŔŜŉŜőŗŖŲ ŌōśőŏŖŲ őŖśŜŉŔŔŉŜőŗŖ ŉŖŌ ŜŚŉőŖőŖŏů ıŖ ŉŌŌőŜőŗŖ ŜŗŲ ŜŐōš ŉŚō őŖŋŔŝŌōŌ ŚōŘŉőŚ ŉŖŌ ŕŉőŖŜōŖŉŖŋō śōŚŞőŋōśŲ ŉŋŋŗŚŌőŖŏ Ŝŗ śōŚŞőŋō ŉŏŚōōŕōŖŜśģ ŉŖŌ ŉŎŜōŚ śŉŔōś śōŚŞőŋōś ŉś ŉ ŋŗŖŌőŜőŗŖ ŗŎ quality assurance. The summary of financial performance is as follows below in the table.

ļŉŊŔō ŋŗŕŘŉŚőŖŏ ŚōŞōŖŝōśŲ ŋŗśŜ ŗŎ śŉŔōśŲ ŉŖŌ ŜŐō śōŚŞőŋōś ŊŝśőŖōśśĢ 2011

ĺōŞōŖŝōś ŎŚŗŕ śŉŔōś ŉŖŌ śōŚŞőŋōś ŊŝśőŖōśś ŮŕőŔŔőŗŖ ĪŉŐŜů īŐŉŖŏō őŖ ŚōŞōŖŝōś ŎŚŗŕ ŘŚőŗŚ šōŉŚ Ůūů īŗśŜś ŗŎ śŉŔōś ŉŖŌ śōŚŞőŋōś ŊŝśőŖōśś ŮŕőŔŔőŗŖ ĪŉŐŜů īŐŉŖŏō őŖ ŋŗśŜś ŎŚŗŕ ŘŚőŗŚ šōŉŚ Ůūů įŚŗśś ĸŚŗŎőŜ ĵŉŚŏőŖ Ůūů

2010

2009

(Restated)

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cŲhdc

dŴe

agŴf

b`Ŵe

cŲfad

cŲehg

bŲiee

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baŴd

aiŴg

bcŴe

b`Ŵf

bcŴa

ļŐō ŕŉŒŗŚ śŗŝŚŋō ŗŎ ŜŐō īŗŕŘŉŖšÝś ŚōŞōŖŝōśŲ śŉŕō ŉś ŔŉśŜ šōŉŚŲ őś ŎŚŗŕ ŜŐō śŉŔōś ŉŖŌ śōŚŞőŋōś ŊŝśőŖōśś şŐőŋŐ ŉŋŋŗŝŖŜōŌ ŎŗŚ igŴiū ŗŎ ŜŐō ŜŗŜŉŔ ŚōŞōŖŝōś őŖ bàaŲ şŐőŔśŜ ŜŐō ŚōŞōŖŝō ŎŚŗŕ śŉŔōś ŉŖŌ śōŚŞőŋōś őŖ bà` şŉś iiŴ`ū ŗŎ ŜŗŜŉŔ revenues. The proportion is slightly decreased due to the fact that the Company had increased revenues from an equipment lease project which started its contract in 2011. ıŖ bàaŲ ŜŐō īŗŕŘŉŖšÝś ŚōŞōŖŝō ŎŚŗŕ śŉŔōś ŉŖŌ śōŚŞőŋō őś dŲgbd ŕőŔŔőŗŖ ĪŉŐŜŲ ŚōŘŚōśōŖŜőŖŏ ŉ b`d ŕőŔŔőŗŖ ĪŉŐŜŲ ŗŚ dŴeūŲ őŖŋŚōŉśō ŝŘ ŎŚŗŕ dŲeb` ŕőŔŔőŗŖ ĪŉŐŜ őŖ bà`Ŵ ļŐō ŚōŉśŗŖ őś ŜŐŉŜ ŜŐō ŖŝŕŊōŚ ŗŎ ŚōŉŔőŢōŌ ŘŚŗŒōŋŜś őŖ bàaŲ ŋŗŖśőśŜőŖŏ ŗŎ ŉ ŜŗŜŉŔ ŗŎ fdg ŘŚŗŒōŋŜśŲ őś ŕŝŋŐ ŏŚōŉŜōŚ ŜŐŉŖ ŜŐŗśō ŎŚŗŕ ŔŉśŜ šōŉŚŲ şŐőŋŐ ŋŗŖśőśŜōŌ ŗŎ ŒŝśŜ dia ŘŚŗŒōŋŜś ŉś śŐŗşŖ below comparing revenue from project value. Although the table below shows that the numbers of projects valued at over 100 ŕőŔŔőŗŖ ĪŉŐŜ őŖ bàa őś Ŕōśś ŜŐŉŖ ŜŐŗśō őŖ bà`Ų ŜŐō ŖŝŕŊōŚś ŗŎ ŘŚŗŒōŋŜś ŝŖŌōŚ a`` ŕőŔŔőŗŖ ĪŉŐŜ őŖ bàa ŉŚō ŕŝŋŐ ŏŚōŉŜōŚ ŜŐŉŖ ŜŐŗśō őŖ bà`Ŵ ıŖ ŋŗŕŘŉŚőśŗŖ ŊōŜşōōŖ bà` ŉŖŌ b`ìŲ ŚōŞōŖŝō ŎŚŗŕ śŉŔōś ŉŖŌ śōŚŞőŋō őŖ bà` őś ŐőŏŐōŚ ŜŐŉŖ b`ì şŐőŋŐ ŚōŘŚōśōŖŜőŖŏ ŉ fgg ŕőŔŔőŗŖ ĪŉŐŜ ŗŚ agŴfū őŖŋŚōŉśōŌ ŎŚŗŕ cŲhdc ŕőŔŔőŗŖ ĪŉŐŜ őŖ b`ìŴ ļŐō ŚōŉśŗŖ őś ŜŐŉŜ ŜŐō ŋŗŕŘŉŖš ŐŉŌ aa ŘŚŗŒōŋŜś ŞŉŔŝōŌ ŉŜ ŗŞōŚ a`` ŕőŔŔőŗŖ ĪŉŐŜ ŉŖŌ c` ŘŚŗŒōŋŜś ŞŉŔŝōŌ ŊōŜşōōŖ b` ŉŖŌ e` ŕőŔŔőŗŖ ĪŉŐŜŴ ĿŐőŔō őŖ b`ì ŜŐō īŗŕŘŉŖš ŐŉŌ ŗŖŔš e ŘŚŗŒōŋŜś ŞŉŔŝōŌ ŗŞōŚ a`` ŕőŔŔőŗŖ ĪŉŐŜ ŉŖŌ b` ŘŚŗŒōŋŜś ŞŉŔŝōŌ ŉŜ ŊōŜşōōŖ b`ųe` ŕőŔŔőŗŖ ĪŉŐŜŴ ļŐōŚōŎŗŚō the Company’s revenue from sales and service in 2010 was higher than in 2009.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Table Comparing Revenues from Sales and Services: No. of Projects (Projects)

Total Projects by Value

2011

2010

2009

e`ųa`` ŕőŔŔőŗŖ ĪŉŐŜ

b`ųe` ŕőŔŔőŗŖ ĪŉŐŜ

a`ųb` ŕőŔŔőŗŖ ĪŉŐŜ

555

415

428

ļŗŜŉŔ ŘŚŗŒōŋŜ ŞŉŔŝō şŐőŋŐ Ħa` ŕőŔŔőŗŖ ĪŉŐŜ ŮŕőŔŔőŗŖ ĪŉŐŜů

dŲ`hb

cŲid`

cŲceb

ļŗŜŉŔ ĸŚŗŒōŋŜ ľŉŔŝō ŮŕőŔŔőŗŖ ĪŉŐŜů

dŲgbd

dŲeb`

cŲhdc

fdg

dia

dhh

>100 million Baht

<10 million Baht

ĶŗŴ ŗŎ ĸŚŗŒōŋŜś ŮĸŚŗŒōŋŜśů

The major part of our revenues is from our key customers who are TOT PLC.and CAT PLC. The rest of our revenues are from the Ministry of Education and some large private companies. A list of some projects valued at over 100 million Baht are as follows. Table of realized projects which were valued at over 100 million Baht from sales and services business: Year

Project Name

b`aa īŉŘŉŋőŜš ĭŠŘŉŖśőŗŖ ŎŗŚ ıĸ ĶōŜşŗŚœ

Customers’ Name

Revenue (Million Baht)

ĵĮĭī ĸĴīŴ

cch

Billing

TOT PLC.

296

Design and installation of fiber optic network

Office of the Higher Education Commission

265

Provider Edge Router installation

TOT PLC.

173

Sale of Cisco’s network equipment

SVOA PLC.

111

Maintenance service of network equipment and system

TOT PLC.

108

ļŗŜŉŔ ŚōŞōŖŝō ŗŎ ĸŚŗŒōŋŜś şŐőŋŐ ŚōŉŔőŢōŌ ŗŞōŚ a`` ŕőŔŔőŗŖ ĪŉŐŜ

aŲbia

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

īŗśŜ ŗŎ śŉŔōś ŉŖŌ śōŚŞőŋōś őś ŜŐō ŋŗśŜ ŗŎ ŘŚŗŒōŋŜ śŉŔōś ŉŖŌ śōŚŞőŋōś ŊŝśőŖōśś ŋŗŖśőśŜőŖŏ ŗŎĢ ōŠŘōŖśōś őŖ ŊőŌŌőŖŏ ŎŗŚ projects; purchases of equipment; purchase of software; professional fees for system development; design and installation; śŜŉŎŎ ōŠŘōŖśōś ŚōŔŉŜōŌ Ŝŗ ŘŚŗŒōŋŜ őŕŘŔōŕōŖŜŉŜőŗŖģ ŉŖŌ ŉŎŜōŚ śŉŔōś śōŚŞőŋōś ŉŖŌ ŕŉőŖŜōŖŉŖŋō ŋŗśŜśŴ ĶŗŚŕŉŔŔšŲ ŋŗśŜ ŗŎ śŉŔōś ŉŖŌ śōŚŞőŋōś ŞŉŚőōś őŖ ŉŋŋŗŚŌŉŖŋō Ŝŗ ŜŐō őŖŋŚōŉśō ŗŚ ŌōŋŚōŉśō ŗŎ ŚōŞōŖŝōģ Ŕőœōşőśō ŜŐō ŏŚŗşŜŐ ŗŎ ŜŐō ŋŗśŜś ŗŎ śŉŔōś ŉŖŌ śōŚŞőŋōś őŖ bàa őŖŋŚōŉśōŌ őŖ ŔőŖō şőŜŐ ŜŐō ŐőŏŐōŚ śŉŔōśŴ ıŖ ŎŉŋŜŲ ŋŗśŜ ŗŎ śŉŔōś ŉŖŌ śōŚŞőŋōś şŉś cŲfad ŕőŔŔőŗŖ ĪŉŐŜŲ şŐőŋŐ şŉś ŉŖ őŖŋŚōŉśō ŗŎ bg ŕőŔŔőŗŖ ĪŉŐŜ ŗŚ `Ŵhū ŎŚŗŕ bà`Ų őŖ şŐőŋŐ őŜś ŋŗśŜ şŉś cŲehg ŕőŔŔőŗŖ ĪŉŐŜŴ ĩś şō ŋŉŖ śōōŲ ŜŐō ŏŚŗşŜŐ ŚŉŜō ŗŎ ŋŗśŜ ŗŎ śŉŔōś ŉŖŌ śōŚŞőŋōś őś ŌőŕőŖőśŐőŖŏ őŖŋŚōŉśō ŋŗŕŘŉŚōŌ Ŝŗ ŉ ŏŚŗşŜŐ ŚŉŜō őŖ ŚōŞōŖŝō ŗŎ dŴeū őŖ bàaŲ şŐőŋŐ őŖŌőŋŉŜōś ŜŐŉŜ ŕŉŖš ŘŚŗŒōŋŜś őŖ bàa ŘŚŗŌŝŋōŌ ŕŗŚō ŘŚŗŎőŜ ŕŉŚŏőŖ ŜŐŉŖ ŜŐŗśō őŖ bà`Ŵ ļŐō ŚōŉśŗŖ őś ŕŉőŖŔš Ŋōŋŉŝśō ŗŎ ŜŐō ŜšŘōś ŗŎ ŘŚŗŒōŋŜ śŉŔōśŴ ĵŉŖš ŗŎ ŜŐō ŔŉŚŏō ŘŚŗŒōŋŜś őŖ bà` śŉş śŉŔōś ŗŖŔš ŗŎ ŐŉŚŌşŉŚōŲ şŐőŋŐ ŖŗŚŕŉŔŔš ŏōŖōŚŉŜōś ŔŗşōŚ ŘŚŗŎőŜ ŕŉŚŏőŖśŴ ļŐōŚōŎŗŚōŲ ŎŚŗŕ ŉŊŗŞō ŚōŉśŗŖŲ ŜŐō śŜŚŝŋŜŝŚō ŗŎ ŋŗśŜ ōŎŎōŋŜś ŜŐō őŖŋŚōŉśō ŚŉŜőŗ ŗŎ ŋŗśŜ ŋŗŕŘŉŚōŌ Ŝŗ ŜŐō őŖŋŚōŉśō ŚŉŜőŗ ŗŎ śŉŔōś őŖ ōŉŋŐ šōŉŚŲ ŜŐō ŏŚŗşŜŐ ŚŉŜō őŖ ŜŐō ŋŗśŜ ŗŎ śŉŔōś ŋŗŕŘŉŚőŖŏ Ŝŗ ŜŐō ŏŚŗşŜŐ ŚŉŜō ŗŎ śŉŔōś őŖ bà`Ų őś ŐőŏŐōŚ ŜŐŉŖ őŖ b`ìģ şō śŉş ŜŐŉŜ ŜŐō ŋŗśŜ ŗŎ śŉŔōś őŖ bà` őŖŋŚōŉśōŌ Ŋš fcb ŕőŔŔőŗŖ ĪŉŐŜ ŗŚ baŴdū ŎŚŗŕ bŲiee ŕőŔŔőŗŖ Baht in 2009; meanwhile the growth rate of sales in 2010 from 2009 is 17.6%. ļŐō śŘōŋőŎőŋ ŜšŘōś ŗŎ ŘŚŗŒōŋŜś őŖ bà` ŚōśŝŔŜōŌ őŖ ŏŚŗśś ŘŚŗŎőŜ ŕŉŚŏőŖś ōřŝŉŔ Ŝŗ b`ŴfūŲ şŐőŋŐ őś ŔŗşōŚ ŜŐŉŖ ŜŐŗśō ŊŗŜŐ őŖ bàa ŉŖŌ b`ìųşŐőŋŐ şōŚō ōřŝŉŔ Ŝŗ bcŴeū ŉŖŌ bcŴaū ŚōśŘōŋŜőŞōŔšŴ

1.2 Equipment for Lease Business Revenues on equipment for the Lease Business came from leasing income. Most of our customers are state ŗşŖōŌ ōŖŜōŚŘŚőśōśŲ ŏŗŞōŚŖŕōŖŜ ŉŏōŖŋőōś ŉŖŌ ōŌŝŋŉŜőŗŖ őŖśŜőŜŝŜőŗŖśŴ ĪōŎŗŚō b`aaŲ ŜŐō īŗŕŘŉŖš ŐŉŌ ŔőŜŜŔō őŖŞōśŜŕōŖŜ őŖ ōřŝőŘŕōŖŜ ŎŗŚ ŔōŉśōŴ ļŐō ŚōŕŉőŖőŖŏ ŋŗŖŜŚŉŋŜś şōŚō ŏŚŉŌŝŉŔŔš ŉŖŌ śőŕŝŔŜŉŖōŗŝśŔš ōŠŘőŚőŖŏŲ ŉŖŌ őŎ ŜŐō ŚōŕŉőŖőŖŏ ŋŗŖŜŚŉŋŜś şōŚō ōŠŜōŖŌōŌŲ ŜŐōőŚś őŖŋŗŕōś şōŚō ŕŝŋŐ ŔŗşōŚ ŜŐŉŖ ŜŐŗśō ŎŚŗŕ ŘŚőŗŚ ŋŗŖŜŚŉŋŜśŴ ĩś ŉ ŚōśŝŔŜŲ ŚōŞōŖŝōś ŎŚŗŕ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ŊŝśőŖōśś ŐŉŌ ŋŗŖŜőŖŝŗŝśŔš ŌōŋŔőŖōŌŴ İŗşōŞōŚŲ őŖ b`aaŲ ŜŐō īŗŕŘŉŖš Őŉś őŖŞōśŜōŌ őŖ ŋŗŕŕŝŖőŋŉŜőŗŖ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ŉŜ 212 million Baht and which generate year 2011 much more revenue on equipment for lease business; as shown in the table below. Table showing Revenues and Costs of Equipment for Lease Business: 2011 ĺōŞōŖŝōś ŎŚŗŕ ōřŝőŘŕōŖŜ ŎŗŚ Ĵōŉśō ĪŝśőŖōśś ŮŕőŔŔőŗŖ ĪŉŐŜů

2010

2009

(Restated)

bdgŴd

ŮcbŴaů

ŮgdŴhů

aŲ```

ŮhgŴ`ů

ŮhaŴiů

įŚŗśś ĸŚŗŎőŜ ĵŉŚŏőŖ Ůūů

diŴi

haŴe

agŴi

ıŖŞōśŜŕōŖŜ őŖ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ŮŕőŔŔőŗŖ ĪŉŐŜů

bab

īŐŉŖŏō őŖ ŚōŞōŖŝō ŎŚŗŕ ŘŚőŗŚ šōŉŚ Ůūů īŗśŜś ŗŎ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ŊŝśőŖōśś ŮŕőŔŔőŗŖ ĪŉŐŜů īŐŉŖŏō őŖ ŋŗśŜś ŎŚŗŕ ŘŚőŗŚ šōŉŚ Ůūů

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Revenues from equipment for Lease Business in 2011 were 66 million Baht which is an increase of 47 million Baht ŗŚ bdgŴdū ŎŚŗŕ bà`Ų şŐōŚō ŚōŞōŖŝōś şōŚō ai ŕőŔŔőŗŖ ĪŉŐŜŴ ıŖ ŜŐō ŕōŉŖŜőŕōŲ ŚōŞōŖŝōś őŖ bà` ŌōŋŔőŖōŌ i ŕőŔŔőŗŖ ĪŉŐŜ ŗŚ cbŴaū ŎŚŗŕ b`ìŲ şŐōŚō ŚōŞōŖŝōś şōŚō bh ŕőŔŔőŗŖ ĪŉŐŜŴ The costs of equipment for lease are mainly for depreciation and maintenance of the equipment. An increase or decrease in the cost of equipment for lease is related to the use of the equipment contract and equipments’ useful life. İŗşōŞōŚŲ ŏŚŗśś ŘŚŗŎőŜ ŕŉŚŏőŖ ŗŖ ōřŝőŘŕōŖŜ ŎŗŚ ŜŐō Ŕōŉśō ŊŝśőŖōśś ŎŔŝŋŜŝŉŜōŌ ŉ ŏŚōŉŜ ŌōŉŔ ŎŚŗŕ b`ì Ŝŗ bàaŴ ıŖ bàa ŜŐō ŏŚŗśś ŘŚŗŎőŜ ŕŉŚŏőŖ şŉś diŴiūŴ ļŐőś şŉś ŉś ŉ ŚōśŝŔŜ ŗŎ ŜŐō ŐőŏŐ ŘŚŗŒōŋŜ ŋŗśŜ ŗŎ Ŗōş ōřŝőŘŕōŖŜŴ ıŖ bà`Ų ŜŐō ŏŚŗśś ŘŚŗŎőŜ ŕŉŚŏőŖ şŉś haŴeŴ ļŐőś şŉś ŞōŚš ŐőŏŐ Ŋōŋŉŝśō ŜŐō ōŠőśŜőŖŏ ŔōŉśőŖŏ ŋŗŖŜŚŉŋŜś şōŚō ōŠŜōŖŌōŌ ŉŖŌ ŜŐō ōřŝőŘŕōŖŜ őŖŞŗŔŞōŌ şŉś ŎŝŔŔš ŌōŘŚōŋőŉŜōŌ őŖ ŜŐōőŚ ŝśōŎŝŔ ŔőŎō ŘōŚőŗŌŴ ļŐŝśŲ őŖ bà` ŜŐō ŋŗśŜ ŗŎ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō şŉś ŋŗŖśőŌōŚōŌ ŔŗşŴ ıŖ b`ìŲ ŜŐō gross profit margin was only 17.9%. This was because a portion of the leasing contracts were adjusted downward while the ōřŝőŘŕōŖŜ ŉŚō śŜőŔŔ ŌōŘŚōŋőŉŜōŌ ŚōŕŉőŖōŌ ŜŐō śŉŕōŴ īŗŖśōřŝōŖŜŔšŲ ŜŐō ŘŚŗŎőŜ ŕŉŚŏőŖ şŉś ŔŗşōŚ ŜŐŉŖ őŖ ŜŐō ŘŚōŞőŗŝś šōŉŚŴ

1.3 Other Incomes Other incomes which related to the core business of the Company consisted of the following: Unit: Million Baht

Interest income Income from sales promotions Gain on sales of assets įŉőŖ ŗŖ ŎŗŚōőŏŖ ōŠŋŐŉŖŏō ŚŉŜō ĺōŞōŚśŉŔ ŗŎ ŉŔŔŗşŉŖŋō ŎŗŚ ŌŗŝŊŜŎŝŔ ŉŋŋŗŝŖŜś Others Total other income

2011

2010

2009

1.1

1.0

1.2

17.9

7.1

3.5

1.1

1.6

0.7

eŴe

aaŴf

a`Ŵa

2.7

1.1

0.2

34.4

26.4

5.6

ķŜŐōŚ ŚōŞōŖŝōś őŖ bàa ŜŗŜŉŔōŌ cdŴd ŕőŔŔőŗŖ ĪŉŐŜŲ şŐőŋŐ şŉś ŉŖ őŖŋŚōŉśō ŗŎ h ŕőŔŔőŗŖ ĪŉŐŜŲ ŗŚ c`ŴcūŲ ŎŚŗŕ bfŴd million Baht in 2010. The reason is that firstly the sales promotions revenue from foreign suppliers met target criteria and secondly the reversal of allowance for doubtful accounts from collection money from accounts receivable in 2011. Offset with ŜŐō ŘŚŗŎőŜ ŎŚŗŕ ŜŐō ŎŗŚōőŏŖ ōŠŋŐŉŖŏō ŚŉŜō ŏŉőŖś őŖ bà`Ų şŐőŋŐ ŐŉŌ ŚōśŝŔŜōŌ ŎŚŗŕ ŜŐō śŜŚōŖŏŜŐōŖőŖŏ ŗŎ ŜŐō ĪŉŐŜ ŉŏŉőŖśŜ ŜŐō ĽĻĬ ŜŗşŉŚŌś ŜŐō ōŖŌ ŗŎ bà`Ų ŚōśŝŔŜōŌ őŖ ŉ Ŕŗśś őŖ ŎŗŚōőŏŖ ōŠŋŐŉŖŏō őŖ bàa şŐōŖ ŜŐō ĪŉŐŜ şōŉœōŖōŌ ŗŖŋō ŕŗŚō şŐőŋŐ őś śŐŗşŖ őŖ ĩŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōśŴ ļŗŜŉŔ ŗŜŐōŚ ŚōŞōŖŝō őŖ bà` őŖŋŚōŉśōŌ b`Ŵh ŕőŔŔőŗŖ ĪŉŐŜŲ ŗŚ cgaŴdūŲ ŎŚŗŕ eŴf ŕőŔŔőŗŖ ĪŉŐŜ őŖ b`ìŴ ļŐō ŚōŉśŗŖś şōŚōĢ ŜŐŉŜ ŜŐōŚō şŉś ŉ ŚōŞōŚśŉŔ ŗŎ ŉŔŔŗşŉŖŋō ŎŗŚ ŌŗŝŊŜŎŝŔ ŉŋŋŗŝŖŜśģ ŘŚŗŎőŜ ŎŚŗŕ ŎŗŚōőŏŖ ōŠŋŐŉŖŏō şŐőŋŐ őś śŜŚōŖŏŜŐōŖ ŗŎ ĪŉŐŜ against the USD; and sales promotions revenue from foreign supplier met target criteria.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

1.4 Selling and Administrative Expenses

ĻōŔŔőŖŏ ŉŖŌ ŉŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōś őŖ ŜŐō ŘōŚőŗŌ ŗŎ b``iųb`aa ŉŚō śŐŗşŖ ōŉŋŐ šōŉŚ őŖ ŜŐō ŜŉŊŔō ŊōŔŗşŴ

ļŉŊŔō śŐŗşőŖŏ ŜŐō ŋŐŉŖŏō őŖ śōŔŔőŖŏ ŉŖŌ ŉŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōśĢ 2011

2010

2009

(Restated)

ĻōŔŔőŖŏ ōŠŘōŖśōś ŮŕőŔŔőŗŖ ĪŉŐŜů

bci

b`g

b`e

ĩŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōś

bgd

bcf

bcb

ļŗŜŉŔ ŗŎ ĻōŔŔőŖŏ ŉŖŌ ĩŌŕőŖőśŜŚŉŜőŗŖ ōŠŘōŖśōś

eac

ddc

dcg

īŐŉŖŏō ŗŎ ĻōŔŔőŖŏ ŉŖŌ ĩŌŕőŖőśŜŚŉŜőŗŖ ōŠŘōŖśōś Ůūů

aeŴh

aŴd

bbŴg

dŴe

agŴf

b`Ŵe

īŐŉŖŏō ŗŎ ŚōŞōŖŝō Ůūů

ĻōŔŔőŖŏ ŉŖŌ ĩŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōś ŞŉŚőōŌ őŖ ŜŐō śŉŕō şŉš ŉś şőŜŐ ŚōŞōŖŝōśŴ ĩś şō ŋŉŖ śōō őŖ bàaŲ ĻōŔŔőŖŏ ŉŖŌ ĩŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōś ŜŗŜŉŔōŌ eac ŕőŔŔőŗŖ ĪŉŐŜŲ şŐőŋŐ şŉś ŉŖ őŖŋŚōŉśō ŗŎ g` ŕőŔŔőŗŖ ĪŉŐŜŲ ŗŚ aeŴhūŲ ŎŚŗŕ ddc ŕőŔŔőŗŖ ĪŉŐŜ in 2010. This rate change is higher than the rate change in revenue which was 4.5%. The main reason was that the Company had set an allowance for doubtful accounts for long outstanding accounts receivable of 22 million Baht. Note an increase in ōŕŘŔŗšōō ŊŗŖŝśōś ŉŖŌ ŋŗŕŕőśśőŗŖś ŗŎ cb ŕőŔŔőŗŖ ĪŉŐŜ ŚōśŝŔŜōŌ ŎŚŗŕ ŐőŏŐōŚ ŘŚŗŎőŜ ŕŉŚŏőŖś őŖ bà`Ŵ ĩŔśŗŲ ōŕŘŔŗšōō şōŔŎŉŚōŲ especially financial assistance for flood relief was 5 million Baht and entertainment was 5 million Baht. ļŗŜŉŔ ĻōŔŔőŖŏ ŉŖŌ ĩŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōś őŖ bà` şōŚō dcg ŕőŔŔőŗŖ ĪŉŐŜŴ ıŖ ŋŗŕŘŉŚőśŗŖ Ŝŗ ŜŐŗśō őŖ b`ìŲ ŜŐőś őś ŉŖ őŖŋŚōŉśō ŗŎ f ŕőŔŔőŗŖ ĪŉŐŜŲ ŗŚ aŴdūŲ ŕŗŚō ŜŐŉŖ őŖ b`ìŴ ļŐō őŖŋŚōŉśō ŗŎ ĻōŔŔőŖŏ ŉŖŌ ĩŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōś ŋŗŕōś ŎŚŗŕ ōŖŜōŚŜŉőŖŕōŖŜŲ ŌŗŖŉŜőŗŖś ŎŗŚ śŗŕō ŘŝŊŔőŋ őŖśŜőŜŝŜőŗŖś ŉŖŌ śŋŐŗŗŔśŲ ōŕŘŔŗšōō ōŠŘōŖśōśŲ ŎőŖōś ŎŚŗŕ ŔŉŜō ŌōŔőŞōŚšŲ ŉŖŌ ŜŐō ŔőœōŴ ĵōŉŖşŐőŔō ŜŐō ŚŉŜō ŗŎ őŖŋŚōŉśō ŎŗŚ ŚōŞōŖŝōś şŉś ŐőŏŐ ŉŜ agŴfūŲ şŐőŋŐ ŚōśŝŔŜōŌ ŎŚŗŕ Ŕŗş ŘŚŗŎőŜ ŕŉŚŏőŖś őŖ ŕŉŒŗŚ ŘŚŗŒōŋŜś őŖ bà`Ŵ ļŐōŚōŎŗŚō śŉŔōś ŋŗŕŕőśśőŗŖś ŉŚō ŔŗşōŚ ŉŋŋŗŚŌőŖŏŔšŴ ļŐō őŖŋŚōŉśōŌ ŚŉŜō ŗŎ ōŠŘōŖśōś őŖ b`ì şŉś őŖ ŔőŖō şőŜŐ ŜŐō ŚŉŜō of increase in revenue.

1.5 Other Expenses

ķŜŐōŚ ōŠŘōŖśōś ŉŘŉŚŜ ŎŚŗŕ śōŔŔőŖŏ ŉŖŌ ŉŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōś ŋŉŖ Ŋō śŐŗşŖ ōŉŋŐ šōŉŚ őŖ ŜŐō ŜŉŊŔō ŊōŔŗşĢ

ļŉŊŔō śŐŗşőŖŏ ŌōŜŉőŔś ŗŎ ŗŜŐōŚ ōŠŘōŖśōś Unit: million Baht 2011

2010

2009

Ĵŗśś ŎŚŗŕ őŕŘŉőŚŕōŖŜ ŗŎ ŉśśōŜś

bgŴh

Ĵŗśś ŎŚŗŕ ŌőśśŗŔŝŜőŗŖ ŗŎ ŉ śŝŊśőŌőŉŚš

hŴ`

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ĮŚŗŕ ŜŐō ŉŊŗŞō ŜŉŊŔōŲ ŉś ŋŉŖ Ŋō śōōŖŲ őŖ bà` ŉŖŌ bàaŲ ŜŐō īŗŕŘŉŖš ŐŉŌ Ŗŗ ŚōŋŗŚŌ ŗŎ ŗŜŐōŚ ōŠŘōŖśōś ōŠŋōŘŜ ĻōŔŔőŖŏ ŉŖŌ ĩŌŕőŖőśŜŚŉŜőŞō ōŠŘōŖśōśŴ ĪŝŜ őŖ b`ìŲ ŜŐō īŗŕŘŉŖš ŚōŋŗŚŌōŌ Ŕŗśś ŎŚŗŕ őŕŘŉőŚŕōŖŜ ŗŎ ŉśśōŜś şŐőŋŐ şōŚō ŝŖŌōŚ śōŚŞőŋō Ŝŗ śŜŉŜō ŗşŖōŌ ōŖŜōŚŘŚőśōśŲ ōŌŝŋŉŜőŗŖŉŔ őŖśŜőŜŝŜőŗŖśŲ ŉŖŌ ŔŉŚŏō ŘŚőŞŉŜō ŋŗŕŘŉŖőōśŴ ļŐō ŕŉŒŗŚ ŚōŉśŗŖ ŎŗŚ ŚōŋŗŚŌőŖŏ ŜŐō Ŕŗśś ŉś ōŠŘōŖśōś şŉś Ōŝō Ŝŗ ŜŐō ŎŉŋŜ ŜŐŉŜ ŜŐō ŞŉŔŝō ōśŜőŕŉŜōŌ Ŋš ŌőśŋŗŝŖŜōŌ ŋŉśŐ ŎŔŗş ŕōŜŐŗŌ şŉś Ŕōśś ŜŐŉŖ ŖōŜ Ŋŗŗœ ŞŉŔŝōŴ ĩŔśŗŲ ŜŐō īŗŕŘŉŖš ŚōŋŗŚŌōŌ ŜŐō Ŕŗśś ŎŚŗŕ ŌőśśŗŔŝŜőŗŖ ŉŖŌ ŔőřŝőŌŉŜőŗŖ ŗŎ őŜś śŝŊśőŌőŉŚšŲ ĪĩĶī ĻōŚŞō īŗŴŲ ĴŜŌŴŲ ŉś ŜŐō ŊŝśőŖōśś had been operating at loss and could not achieve sales targets in banking services.

1.6 Net Profit and Net Profit Margin 2011

2010

2009

(Restated)

ĶōŜ ĸŚŗŎőŜ ŮŕőŔŔőŗŖ ĪŉŐŜů

dci

cgi

c`e

īŐŉŖŏō őŖ ŖōŜ ŘŚŗŎőŜ Ůūů

aeŴh

bdŴc

ciŴi

iŴa

hŴc

gŴi

ĶōŜ ĸŚŗŎőŜ ĵŉŚŏőŖ Ůūů

ĶōŜ ĸŚŗŎőŜ őŖ bàa şŉś dci ŕőŔŔőŗŖ ĪŉŐŜŲ şŐőŋŐ őś f` ŕőŔŔőŗŖ ĪŉŐŜ ŐőŏŐōŚ ŜŐŉŖ őŖ bà`Ų şŐőŋŐ şŉś cgi ŕőŔŔőŗŖ ĪŉŐŜŲ or a 15.8% increase. It was evident that revenue and gross profit margin of project sales in 2011 were higher than those őŖ bà` ŜŐŉŜ ōŎŎōŋŜ ŜŐō ŊōŜŜōŚ ŋŗŞōŚŉŏō ŗŎ ŎőŠōŌ ōŠŘōŖśōśŲ ŉŖŌ ŜŐőś ŚōśŝŔŜōŌ őŖ ŉ ŐőŏŐōŚ ŖōŜ ŘŚŗŎőŜ ŕŉŚŏőŖ ŗŎ iŴaū őŖ bàaŲ ŋŗŕŘŉŚōŌ Ŝŗ hŴcū őŖ bà` Ú ŜŐőś şŉś ŌōśŘőŜō ŜŐō ŎŉŋŜ ŜŐŉŜ şō śŉş ŉŖ őŖŋŚōŉśō őŖ ōŠŘōŖśōś şŐőŋŐ şŉś ŐőŏŐōŚ ŜŐŉŖ ŜŐō ŚŉŜō of revenue increase. ĶōŜ ŘŚŗŎőŜ ŕŉŚŏőŖ őŖ bà` şŉś cgi ŕőŔŔőŗŖ ĪŉŐŜŲ şŐőŋŐ şŉś ŉŖ őŖŋŚōŉśō ŗŎ gd ŕőŔŔőŗŖ ĪŉŐŜŲ ŗŚ bdŴcūŲ ŎŚŗŕ cè million Baht in 2009. Comparing to the increase 17.6% of revenue in 2010 we can see that the net profit increase was more ŜŐŉŖ ŜŐō őŖŋŚōŉśō őŖ ŚōŞōŖŝōŴ ıŜ śŐŗşś ŜŐŉŜ ŜŐō őŖŋŚōŉśō őŖ ŚōŞōŖŝō ŋŉŖ ŋŗŞōŚ ŕŗŚō ĻōŔŔőŖŏ ŉŖŌ ĩŌŕőŖőśŜŚŉŜőŗŖ ōŠŘōŖśōś şŐőŋŐ ŉŚō ŎőŠōŌ ŋŗśŜŴ ļŐō ŖōŜ ŘŚŗŎőŜ ŕŉŚŏőŖ őŖ bà` şŉś hŴcūŲ şŐőŋŐ şŉś ŉ śŔőŏŐŜ őŖŋŚōŉśō ŎŚŗŕ gŴiū őŖ b`ìŴ İŗşōŞōŚŲ ŜŐō ŖōŜ ŘŚŗŎőŜ őŖ b`ì ŉŔŚōŉŌš őŖŋŔŝŌōŌ ŜŐō Ŕŗśś ŎŚŗŕ őŕŘŉőŚŕōŖŜ ŗŎ ŉśśōŜś ŉŖŌ Ŕŗśś ŎŚŗŕ ŌőśśŗŔŝŜőŗŖ ŗŎ ŉ śŝŊśőŌőŉŚšŲ şŐőŋŐ ŉŕŗŝŖŜōŌ Ŝŗ a ū ŗŎ ŜŗŜŉŔ ŚōŞōŖŝōśŴ ĭŠŋŔŝŌőŖŏ ŜŐō Ŕŗśś ŎŚŗŕ ŗŜŐōŚ ōŠŘōŖśōś őŖ b`ìŲ ŜŐō ŖōŜ ŘŚŗŎőŜ ŕŉŚŏőŖ őŖ b`ì şŉś śŔőŏŐŜŔš ŐőŏŐōŚ than those in 2010 due to the fact that gross profit margin for large projects in 2010 was low compared to those in 2009.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

2. Financial Status 2.1 Assets Separate Financial Statements 2011 Thousand Baht

2010 %

Thousand Baht

2009 %

Thousand Baht

Assets Current assets īŉśŐ ŉŖŌ ŋŉśŐ ōřŝőŞŉŔōŖŜś

baeŲdfa

gŴi

bdiŲ`ge

a`Ŵd

bdcŲahd

abŴe

cŲ`bc

`Ŵa

aŲ`agŲibb

cgŴb

aŲ`eeŲffi

ddŴa

aŲ`h`Ųh`c

eeŴf

ĽŖŊőŔŔōŌ ŚōŋōőŞŉŊŔōś

f`cŲfib

bbŴa

gcŲ`cg

cŴa

cbŲfcg

aŴg

ıŖŞōŖŜŗŚőōś

efiŲedi

b`Ŵi

h`eŲcbe

ccŴg

dafŲf`h

baŴd

ķŜŐōŚ ŋŝŚŚōŖŜ ŉśśōŜś

eeŲa`e

bŴ`

idŲefc

cŴi

egŲag`

bŴi

2,461,729

90.1

2,280,692

95.3

1,830,402

94.1

ĺōśŜŚőŋŜōŌ ŊŉŖœ ŌōŘŗśőŜś

hŲfia

`Ŵc

efŲbbi

bŴd

gcŲbga

cŴh

ıŖŞōśŜŕōŖŜ őŖ śŝŊśőŌőŉŚőōś

a`Ųiii

`Ŵd

a`Ųiii

`Ŵe

eŲe``

`Ŵc

ĪŝőŔŌőŖŏś őŕŘŚŗŞōŕōŖŜ ŉŖŌ ōřŝőŘŕōŖŜś

dfŲhfd

aŴg

bbŲdih

`Ŵi

afŲghb

`Ŵi

aheŲdb`

fŴh

dŲghd

`Ŵb

fŲgid

`Ŵc

ıŖŜŉŖŏőŊŔō ŉśśōŜś

hŲgab

`Ŵc

fŲdb`

`Ŵc

cŲccc

`Ŵb

ķŜŐōŚ ŖŗŖųŋŝŚŚōŖŜ ŉśśōŜś

iŲaah

`Ŵd

a`Ųhhd

`Ŵd

hŲagf

`Ŵd

269,804

9.9

111,814

4.7

113,856

5.9

2,731,533

100.0

2,392,506

100.0

1,944,258

100.0

īŝŚŚōŖŜ őŖŞōśŜŕōŖŜ Trade and other ŚōŋōőŞŉŊŔōś

Total current assets Non-current assets

ĭřŝőŘŕōŖŜś ŎŗŚ Ŕōŉśō

Total non-current assets Total assets

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ļŗŜŉŔ ŉśśōŜś őŖ bàa ōřŝŉŔōŌ Ŝŗ bŲgcb ŕőŔŔőŗŖ ĪŉŐŜŲ şŐőŋŐ şŉś ŉŖ őŖŋŚōŉśō ŗŎ adŴbūŲ ŗŚ cci ŕőŔŔőŗŖ ĪŉŐŜŲ ŎŚŗŕ bŲcic ŕőŔŔőŗŖ ĪŉŐŜ őŖ bà`Ŵ īŝŚŚōŖŜ ŉśśōŜś şōŚō ŜŐō ŕŉŒŗŚ ŘŗŚŜőŗŖ ŗŎ ŉśśōŜś şŐőŋŐ ŉŋŋŗŝŖŜōŌ ŎŗŚ ŉŚŗŝŖŌ i`Ŵaū ŗŎ ŜŗŜŉŔ assets which is the same proportion in 2009 and 2010. Assets which increased significantly were unbilled receivables şŐőŋŐ őŖŋŚōŉśōŌ eca ŕőŔŔőŗŖ ĪŉŐŜŴ ļŐō ŚōŉśŗŖ şŉś ŜŐŉŜ ŜŐō īŗŕŘŉŖš Őŉś ŚōŋŗŏŖőŢōŌ ŚōŞōŖŝōśŲ Ŋš ŘōŚŋōŖŜŉŏō ŗŎ ŋŗŕŘŔōŜőŗŖģ ŐŗşōŞōŚŲ őŖ ŜŐō ŋŗŖŌőŜőŗŖ ŗŎ ŋŗŖŜŚŉŋŜśŲ şō ŋŉŖ ŖŗŜ őśśŝō őŖŞŗőŋōś Ŝŗ ŋŝśŜŗŕōŚśŴ ļŐōśō ŘŚŗŒōŋŜś ŉŚō ŚōŔŉŜōŌ Ŝŗ ŞŉŚőŗŝś śšśŜōŕ ŌōŞōŔŗŘŕōŖŜś şŐőŋŐ Ŝŉœō ŉ ŔŗŖŏ Ŝőŕō Ŝŗ ŋŗŕŘŔōŜōŴ ļŐōŚōŎŗŚō ŝŖŊőŔŔōŌ ŚōŋōőŞŉŊŔōś őŖŋŚōŉśōŌ ŎŗŚ ōŠŉŕŘŔōŲ őŖ ĪőŔŔőŖŏ śšśŜōŕŲ ĬōŞōŔŗŘŕōŖŜ ŗŎ ĬŉŜŉ řŝŉŔőŜš ŗŎ ļķļ ŉŖŌ ĸĭĩÝś śšśŜōŕ ŌōŞōŔŗŘŕōŖŜ ŘŚŗŒōŋŜ ŗŎ ŌōŋőśőŗŖ śŝŘŘŗŚŜ śšśŜōŕŲ ōŜŋŴ ĪōśőŌōś ŜŐőśŲ ŉŖŗŜŐōŚ ŘŉŚŜ ŗŎ ŜŐō ŉśśōŜś őŖŋŚōŉśō őŖ bàaŲ şŉś őŖ ŜŐō őŖŞōśŜŕōŖŜ őŖ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō şŐőŋŐ ŜŐō īŗŕŘŉŖš Őŉś şŗŖ ŎŚŗŕ ŊőŌŌőŖŏŲ ŉŖŌ ŉŖ őŖŞōśŜŕōŖŜ őŖ śŘŉŚō ŘŉŚŜś ŎŗŚ ŜŐō ŚōŘŔŉŋōŕōŖŜ ŗŎ ōŠŘőŚōŌ śŘŉŚō ŘŉŚŜśŴ ıŖ ŜŗŜŉŔŲ ŜŐō ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō őŖŋŚōŉśōŌ 181 million Baht and spare parts increased 24 million Baht. ĩŔŜŐŗŝŏŐ ŜŗŜŉŔ ŉśśōŜś őŖŋŚōŉśōŌŲ śŗŕō őŜōŕś őŖ ŜŐō īŗŕŘŉŖšÝś ŉśśōŜś őŖ bàa ŌőŌ ŉŔśŗ ŌōŋŚōŉśōŲ śŝŋŐ ŉś aů inventories reduced 236 million Baht because the Company had already recognized revenue from work in progress of projects ŋŉŚŚőōŌ ŎŚŗŕ bà`Ŵ ĵōŉŖşŐőŔō ŉŜ ŜŐō ōŖŌ ŗŎ bàa Ŗōş őŖŞōśŜŕōŖŜ şŉś őŖ ŉ śŔŗş ŌŗşŖ ŋŗŕŘŉŚōŌ Ŝŗ ŜŐŗśō őŖ bà`Ų Ōŝō Ŝŗ ŜŐō ŎŔŗŗŌś őŖ bàaŴ bů ĩŋŋŗŝŖŜ ŚōŋōőŞŉŊŔōś ŌōŋŚōŉśōŌ ch ŕőŔŔőŗŖ ĪŉŐŜŴ ļŐō ŚōŉśŗŖ şŉś ŜŐŉŜ ŜŐō īŗŕŘŉŖš Őŉś ŚōŋŗŏŖőŢōŌ revenues that are not yet invoiced due to the conditions in contracts. Therefore account receivables transform to be unbilled ŚōŋōőŞŉŊŔōśŴ ců ķŜŐōŚ ŋŝŚŚōŖŜ ŉśśōŜś ŌōŋŚōŉśōŌ ci ŕőŔŔőŗŖ ĪŉŐŜ ŚōśŝŔŜőŖŏ ŎŚŗŕ ŜŐō ŌōŋŚōŉśō ŗŎ ŜŐō ŉŌŞŉŖŋō ŘŉšŕōŖŜ ŎŗŚ ŘŚŗŌŝŋŜś ŉŖŌ śōŚŞőŋōś Ŋš df ŕőŔŔőŗŖ ĪŉŐŜŴ ļŐőś őś ŊōŋŉŝśōŲ ŉŜ ŜŐō ōŖŌ ŗŎ bà`Ų ŜŐōŚō ŉŚō ŕŉŖš ŔŉŚŏō ŘŚŗŒōŋŜś şŐőŋŐ ŖōōŌōŌ advance payment in order to be completed in 2011. Meanwhile at the end of 2011 there is a decrease in advance payment ŉŋŋŗŚŌőŖŏ Ŝŗ ŜŐō ŌōŋŚōŉśō ŗŎ ŚōśŜ ŗŎ ŜŐō şŗŚœś ŉŜ ŜŐō ōŖŌ ŗŎ bàaŴ dů ļŐōŚō őś ŉ ŌōŋŚōŉśō őŖ ŚōśŜŚőŋŜōŌ ŊŉŖœ ŌōŘŗśőŜś ŗŎ dh ŕőŔŔőŗŖ ĪŉŐŜŴ ıŖ ŗŚŌōŚ Ŝŗ őŖŋŚōŉśō ōŎŎőŋőōŖŋš őŖ ŎőŖŉŖŋőŉŔ ŕŉŖŉŏōŕōŖŜ ŉŖŌ ŉŌŌ ŕŗŚō ŔőřŝőŌőŜš Ŝŗ ŜŐō īŗŕŘŉŖšŲ şō ŐŉŞō ŖōŏŗŜőŉŜōŌ for the financial institute to release the restricted deposit. ļŗŜŉŔ ŉśśōŜś ŗŎ ŜŐō īŗŕŘŉŖš őŖ bà` şōŚō bŲcic ŕőŔŔőŗŖ ĪŉŐŜŲ şŐőŋŐ őś ŉŖ őŖŋŚōŉśō ŗŎ ddh ŕőŔŔőŗŖ ĪŉŐŜŲ ŗŚ bcūŲ ŎŚŗŕ aŲidd ŕőŔŔőŗŖ ĪŉŐŜ őŖ b`ìŴ ĩśśōŜś şŐőŋŐ ŐŉŞō őŖŋŚōŉśōŌ ŉŚō ŉś ŎŗŔŔŗşś aů ıŖŞōŖŜŗŚőōś őŖŋŚōŉśōŌ chi ŕőŔŔőŗŖ ĪŉŐŜ Ōŝō to some large projects that had not been finished or delivered to customers due to long project term such as a turnkey project őŖśŜŉŔŔŉŜőŗŖ ŗŎ ĮőŊōŚ ķŘŜőŋ īŉŊŔō ĶōŜşŗŚœŲ şŐőŋŐ ŚōřŝőŚōŌ c šōŉŚś Ŝŗ ŎőŖőśŐ ŜŐō ŋŗŖŜŚŉŋŜŲ ŜŐŝś ŚōśŝŔŜőŖŏ őŖ ŐőŏŐōŚ ŞŉŔŝō ŗŎ şŗŚœ őŖ ŘŚŗŏŚōśśŴ ļŐō ŕŉŒŗŚ ŘŚŗŒōŋŜś şōŚō ĮőŊōŚ ķŘŜőŋ īŉŊŔō ĶōŜşŗŚœŲ ķŎŎőŋō ŗŎ İőŏŐōŚ ĭŌŝŋŉŜőŗŖ īŗŕŕőśśőŗŖģ ĻŉŔō ŗŎ ŚŗŝŜōŚŲ Ļľķĩ ĸŔŋŴģ ĪőŔŔőŖŏ śšśŜōŕ ĸŚŗŒōŋŜŲ ļķļ ĸŔŋŴ ŉŖŌ ŌŉŜŉ ŘŚōŘŉŚŉŜőŗŖ ŎŗŚ śŝŘŘŗŚŜ ŕŉŖŉŏōŕōŖŜÝś ŌōŋőśőŗŖŲ ĸĭĩŴ bů ĩŌŞŉŖŋō ŘŉšŕōŖŜ ŗŎ products and services in 2010 compared to a 2009 increase of 36 million Baht due to payments in advance for many large ŘŚŗŒōŋŜś şŐőŋŐ şōŚō śŜőŔŔ őŖ ŜŐō ŘŚŗŋōśś Ŝŗ ŌōŔőŞōŚ Ŝŗ ŋŝśŜŗŕōŚśŴ ců ĩŋŋŗŝŖŜ ŚōŋōőŞŉŊŔōś ŉŖŌ ŝŖŊőŔŔōŌ ŚōŋōőŞŉŊŔōś őŖŋŚōŉśōŌ 15 million Baht compared to 2009 as the Company realized a higher value of projects based on project delivery and percent completion of project. ķŖ ŜŐō ŗŜŐōŚ ŐŉŖŌŲ śŗŕō őŜōŕś őŖ ŜŐō ŋŝŚŚōŖŜ ŉśśōŜś ŌōŋŚōŉśōŌ ŎŚŗŕ b`ì Ŝŗ bà`Ų ŎŗŚ ōŠŉŕŘŔōŲ ŉ ŌōŋŚōŉśō ŗŎ ag million Baht in restricted bank deposits as a result of releasing the restricted deposit for the company’s operation.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

2.2 Liabilities Separate Financial Statements (% of total liabilities and shareholders’ equity) 2011 Thousand Baht

2010 (Restated) %

Thousand Baht

2009 (Restated)

Thousand Baht

Liabilities Current liabilities ļŚŉŌō ŉŖŌ ŗŜŐōŚ ŘŉšŉŊŔōś

ffgŲh`g

bdŴe

gedŲh`g

caŴe

efdŲhba

biŴ`

ĽŖŊőŔŔōŌ ŘŉšŉŊŔō

begŲfb`

iŴd

afeŲa`f

fŴi

acaŲicf

fŴh

bdŲh`a

`Ŵi

ıŖŋŗŕō ļŉŠ ĸŉšŉŊŔō

a`bŲgei

cŴh

dbŲgif

aŴh

d`Ųh`c

bŴa

ķŜŐōŚ ŋŝŚŚōŖŜ ŔőŉŊőŔőŜőōś

b`bŲi`a

gŴd

afeŲehd

fŴi

agfŲbbi

iŴa

ļŗŜŉŔ īŝŚŚōŖŜ ĴőŉŊőŔőŜőōś

aŲbeeŲhhh

dfŴ` aŲabhŲbic

dgŴb

iacŲghi

dgŴ`

īŝŚŚōŖŜ ŘŗŚŜőŗŖ ŗŎ ŔŗŖŏųŜōŚŕ ŔŗŉŖś

Non-current liabilities ĴŗŖŏųŜōŚŕ ŔŗŉŖśŲ ŖōŜ ŗŎ ŋŝŚŚōŖŜ ŘŗŚŜőŗŖ

e`Ųaii

aŴh

ĸŚŗŞőśőŗŖ ŎŗŚ ŔŗŖŏųŜōŚŕ ōŕŘŔŗšōō ŊōŖōŎőŜś

cgŲe`a

aŴd

cbŲbdh

aŴc

beŲeac

aŴc

ļŗŜŉŔ ĶŗŖųŋŝŚŚōŖŜ ĴőŉŊőŔőŜőōś

hgŲg``

cŴb

cbŲbdh

aŴc

beŲeac

aŴc

ļŗŜŉŔ ĴőŉŊőŔőŜőōś

aŲcdcŲehh

diŴb aŲaf`Ųeda

dhŴe

iciŲc`b

dhŴc

ĻŐŉŚōŐŗŔŌōŚśÝ ōřŝőŜš

aŲchgŲide

e`Ŵh aŲbcaŲife

eaŴe aŲ``dŲief

eaŴg

ļŗŜŉŔ ŔőŉŊőŔőŜőōś ŉŖŌ śŐŉŚōŐŗŔŌōŚśÝ ōřŝőŜš bŲgcaŲecc

a``Ŵ` bŲcibŲe`f

a``Ŵ` aŲiddŲbeh

a``Ŵ`

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ĬŝŚőŖŏ b`ìųbà` ŜŐō īŗŕŘŉŖšÝś ŔőŉŊőŔőŜőōś ŕŉőŖŔš ŉŚō ŋŝŚŚōŖŜ ŔőŉŊőŔőŜőōś ŉŋŋŗŝŖŜōŌ ŎŗŚ dfŴ`ū ŋŗŕŘŉŚőŖŏ Ŝŗ ŜŗŜŉŔ ŔőŉŊőŔőŜőōś ŉŖŌ śŐŉŚōŐŗŔŌōŚśÝ ōřŝőŜšŴ ıŖ bàa ŜŗŜŉŔ ŔőŉŊőŔőŜőōś ŚōŘŗŚŜōŌ şōŚō aŲcdd ŕőŔŔőŗŖ ĪŉŐŜŲ şŐőŋŐ őś ŉŖ őŖŋŚōŉśō ŗŎ aeŴhūŲ ŗŚ ahc ŕőŔŔőŗŖ ĪŉŐŜŲ ŎŚŗŕ aŲafa ŕőŔŔőŗŖ ĪŉŐŜ őŖ bà`Ŵ ĻŝŋŐ ŉŖ őŖŋŚōŉśō şŉś ŕŉőŖŔš Ōŝō Ŝŗ aů ŉŖ őŖŋŚōŉśō ŗŎ ge ŕőŔŔőŗŖ ĪŉŐŜ őŖ ŉ ŔŗŖŏ ŜōŚŕ ŔŗŉŖŲ şőŜŐ be ŕőŔŔőŗŖ ĪŉŐŜ Ōŝō şőŜŐőŖ a šōŉŚ ŉŖŌ ŜŐō ŚōśŜ e` ŕőŔŔőŗŖ ĪŉŐŜ őŖ ŔŗŖŏ ŜōŚŕ ŔŗŉŖ őŖ ŔőŖō şőŜŐ ŜŐō ŘŚŗŒōŋŜ şŐőŋŐ Őŉś ŌŝōŌ őŖ e šōŉŚśŴ bů ıŖŋŗŕō ŜŉŠ ŘŉšŉŊŔō őŖŋŚōŉśōŌ f` ŕőŔŔőŗŖ ĪŉŐŜ Ōŝō Ŝŗ ŊōŜŜōŚ ŘōŚŎŗŚŕŉŖŋō ŉŖŌ ŉ ŜŉŠ ŚŉŜō őŖŋŚōŉśō Ŝŗ c`ū őŖ bàaŴ ĿŐőŔō őŖ bà` ŜŐō īŗŕŘŉŖš ŚōŕŉőŖś ŚőŏŐŜ ŎŗŚ ŉ beū ŜŉŠ ŚŉŜō ŎŗŚ ŜŐō ŖōŜ ŘŚŗŎőŜ Ŕōśś ŜŐŉŖ c`` ŕőŔŔőŗŖ ĪŉŐŜ ŉŖŌ c`ū ŎŗŚ ŜŐō ŖōŜ ŘŚŗŎőŜ ŗŞōŚ c`` ŕőŔŔőŗŖ ĪŉŐŜŴ ců ķŜŐōŚ ŋŝŚŚōŖŜ ŔőŉŊőŔőŜőōś őŖŋŚōŉśōŌ cg ŕőŔŔőŗŖ ĪŉŐŜ ōŴŏŴ advanced received from customers due to the advance receipt at the end of year for large projects together with other projects which have received advanced but still have some outstanding which has not yet been delivered. If we look to the overall trade ŉŖŌ ŗŜŐōŚ ŘŉšŉŊŔōś ŉŖŌ ŝŖŊőŔŔōŌ ŘŉšŉŊŔōŲ şō ŎŗŝŖŌ ŜŐŉŜ ŜŗŜŉŔ ŎŗŚ ŊŗŜŐ őŜōŕś ŗŎ ibe ŉŖŌ ib` ŕőŔŔőŗŖ ĪŉŐŜ ŎŗŚ bàa ŉŖŌ bà` ŚōśŘōŋŜőŞōŔš şōŚō ŞōŚš ŋŔŗśō ŊŝŜ ŉŚō śŐŗşŖ ŉś śōŘŉŚŉŜō őŜōŕśŴ ļŐőś ŕōŉŖś ŜŐŉŜ ŎŗŚ ŘŚŗŒōŋŜś ŌōŔőŞōŚōŌ őŖ bàaŲ śŝŘŘŔőōŚś ŐŉŞō ŖŗŜ őŖŞŗőŋōŌ Ŝŗ ŜŐō īŗŕŘŉŖš ŉŕŗŝŖŜőŖŏ őŖ ŝŖŊőŔŔōŌ ŘŉšŉŊŔōśŲ şŐőŔō ŘŚŗŒōŋŜś ŌōŔőŞōŚōŌ őŖ bà`Ų śŝŘŘŔőōŚś ŐŉŞō ŉŔŚōŉŌš őŖŞŗőŋōŌ to the company amounting in trade payables. ıŖ bà`Ų ŜŐō īŗŕŘŉŖš ŚōŘŗŚŜōŌ aŲafa ŕőŔŔőŗŖ ĪŉŐŜ ŗŎ ŜŗŜŉŔ ŋŝŚŚōŖŜ ŔőŉŊőŔőŜőōśŲ şŐőŋŐ őś ŉŖ őŖŋŚōŉśō ŗŎ bcŴfūŲ ŗŚ bbb ŕőŔŔőŗŖ ĪŉŐŜŲ ŎŚŗŕ ici ŕőŔŔőŗŖ ĪŉŐŜ ŗŎ ŜŗŜŉŔ ŋŝŚŚōŖŜ ŔőŉŊőŔőŜőōś őŖ b`ìŴ ĻŝŋŐ ŉŖ őŖŋŚōŉśō şŉś ŕŉőŖŔš ŉŜŜŚőŊŝŜŉŊŔō Ŝŗ ŉŖ őŖŋŚōŉśō őŖ ŜŚŉŌō ŉŋŋŗŝŖŜ ŘŉšŉŊŔōś ŉŕŗŝŖŜőŖŏ Ŝŗ ai` ŕőŔŔőŗŖ ĪŉŐŜŲ ŉŖŌ ŉŖ őŖŋŚōŉśō ŗŎ ŜŐō ŝŖŊőŔŔōŌ ŘŉšŉŊŔōś ŎŗŚ ŜŐō ŉŕŗŝŖŜ ŗŎ cc million Baht. The increase of total liabilities was driven by the increase of revenue which varied according to purchase of products and services. Therefore trade payables and unbilled payable are increased accordingly.

2.3 Shareholders’ Equity Share capital and warrants The Annual General Shareholders Meeting of the Company’s shareholders was held on 20 April 2007 passed a ŚōśŗŔŝŜőŗŖ Ŝŗ őśśŝō ŉŖŌ ŗŎŎōŚ şŉŚŚŉŖŜś ŎŚōō ŗŎ ŋŐŉŚŏō Ŋš śōŘŉŚŉŜőŖŏ ŜŐōŕ őŖŜŗ şŉŚŚŉŖŜś ŎŗŚ ōŠőśŜőŖŏ śŐŉŚōŐŗŔŌōŚś ŉŖŌ şŉŚŚŉŖŜś for directors and/or employees. The details are as follows: Unit: Thousand Baht No. of Warrants issued to Issued and fully paid-up share capital Balance as at 31 December 2008 ĩŌŌőŜőŗŖŉŔ śŐŉŚōś ŎŚŗŕ ōŠōŚŋőśőŖŏ şŉŚŚŉŖŜś ĭŠōŚŋőśōŌ ŌŝŚőŖŏ ŜŐō šōŉŚ b`ì ĭŠŘőŚōŌ ŌŝŚőŖŏ ŜŐō šōŉŚ b`ì ĭŠōŚŋőśōŌ ŌŝŚőŖŏ ŜŐō šōŉŚ bà` Balance as at 31 December 2010 ĩŌŌőŜőŗŖŉŔ śŐŉŚōś ŎŚŗŕ ōŠōŚŋőśőŖŏ şŉŚŚŉŖŜŲ ōŠōŚŋőśōŌ ŌŝŚőŖŏ ŜŐō šōŉŚ bàa Balance as at 31 December 2011

Share premium

Company’s directors Existing Shareholders and/ or employees (ESOP)

300,000 cŲdea ų bgŲdgh 330,929

220,716 5,999,972 cŲdef Ůgfeů ų ų ehŲfff ŮdŲgihŲ`igů 282,838 1,201.110

3,000,000

fŲecc 337,462

a`Ųbid 293,132

ŮgbhŲ```ů 705,000

ŮeghŲfa`ů 622,500

ŮfhiŲe``ů Ůah`Ų```ů ŮfigŲe``ů 1,433,000

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Dividends and return to shareholders. ĮŚŗŕ őŜś ŘŉśŜ ŘōŚŎŗŚŕŉŖŋōśŲ ŜŐō īŗŕŘŉŖš Őŉś ŋŗŖŜőŖŝŗŝśŔš ŘŉőŌ ŌőŞőŌōŖŌś Ŝŗ őŜś ĻŐŉŚōŐŗŔŌōŚśŴ ĬŝŚőŖŏ ŜŐō ŘŉśŜ c šōŉŚśŲ ŜŐō īŗŕŘŉŖš Őŉś ŉŔśŗ ŘŉőŌ őŖŜōŚőŕ ŌőŞőŌōŖŌś őŖ b``iųb`aa ŉś śŐŗşŖ őŖ ŜŐō ŜŉŊŔō ŊōŔŗşĢ Table for dividend payment 2011****

2010***

2009**

(Restated)

ĶōŜ ĸŚŗŎőŜ ŮŕőŔŔőŗŖ ĪŉŐŜů

dci

cgi

c`e

ĬőŞőŌōŖŌ ĸŉőŌ ŮŕőŔŔőŗŖ ĪŉŐŜů

ccf

bie

bah

ĬőŞőŌōŖŌ ŮĪŉŐŜ ŘōŚ śŐŉŚōů

eŴ`

dŴe`

cŴe`

Basic earnings per Share

6.57

5.97

5.07

ĬőŞőŌōŖŌ ŘŉšŗŝŜ ĺŉŜőŗŮūů

gfŴf`

ggŴia

gaŴbh

fgŴe

ffŴb

f`Ŵg`

ĶŗŴ ŗŎ ĻŐŉŚōś ŮŕőŔŔőŗŖ śŐŉŚōśů

Remarks: * The par value is at 5 Baht per share ŰŰ ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśÝ ĵōōŜőŖŏ ŗŖ aa ĩŝŏŝśŜ b`ì ŘŉśśōŌ ŉ ŚōśŗŔŝŜőŗŖ Ŝŗ Řŉš ŉŖ őŖŜōŚőŕ ŌőŞőŌōŖŌ ŗŎ aŴbe ĪŉŐŜ ŘōŚ śŐŉŚōŴ ĴŉŜōŚŲ ŜŐō ĪŗŉŚŌ ŗŎ Directors’ meeting on 23 February 2010 passed a resolution to pay a dividend for the 2009 performance at 2.25 Baht per share. ŰŰŰ ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśÝ ĵōōŜőŖŏ ŗŖ f ĩŝŏŝśŜ bà` ŘŉśśōŌ ŉ ŚōśŗŔŝŜőŗŖ Ŝŗ Řŉš ŉŖ őŖŜōŚőŕ ŌőŞőŌōŖŌ ŗŎ aŴe` ĪŉŐŜ ŘōŚ śŐŉŚōŴ ĴŉŜōŚŲ ŜŐō ĪŗŉŚŌ ŗŎ Directors’ meeting on 21 February 2011 passed a resolution to pay a dividend for the 2010 performance at 3.00 Baht per share. ŰŰŰŰ ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśÝ ĵōōŜőŖŏ ŗŖ e ĩŝŏŝśŜ bàa ŘŉśśōŌ ŉ ŚōśŗŔŝŜőŗŖ Ŝŗ Řŉš ŉŖ őŖŜōŚőŕ ŌőŞőŌōŖŌ ŗŎ aŴe` ĪŉŐŜ ŘōŚ śŐŉŚōŴ ĴŉŜōŚŲ ŜŐō ĪŗŉŚŌ ŗŎ Directors’ meeting on 17 February 2012 passed a resolution to pay a dividend for the 2011 performance at 3.50 Baht per share. The Company will propose such dividend payment at the Annual General Shareholders Meeting of the Company’s Shareholders for further approval.

2.4 Liquidity Cash Flow Statements Unit: Thousand Baht 2011

2010

2009

cghŲeae

afhŲc``

fciŲe`c

īŉśŐ ĮŔŗş ŝśōŌ őŖ ıŖŞōśŜőŖŏ ĩŋŜőŞőŜőōś

Ůb`dŲbbgů

Ůa`Ųcd`ů

ŮcŲh`fů

īŉśŐ ĮŔŗş ŝśōŌ őŖ ĮőŖŉŖŋőŖŏ ĩŋŜőŞőŜőōś

Ůb`gŲi`bů

ŮaebŲ`fiů

ŮeefŲfgdů

ŮccŲfadů

eŲhia

giŲ`bc

Cash Flow Statements īŉśŐ ĮŔŗş ŎŚŗŕ ķŘōŚŉŜőŖŏ ĩŋŜőŞőŜőōś

ĶōŜ ıŖŋŚōŉśō ŮĬōŋŚōŉśōů őŖ īŉśŐ ŉŖŌ īŉśŐ ĭřŝőŞŉŔōŖŜś

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ıŖ bàaŲ ŜŐō īŗŕŘŉŖš ŐŉŌ ŉ ŌōŋŚōŉśō őŖ ŖōŜ ŋŉśŐ ŎŔŗş ŗŎ cd ŕőŔŔőŗŖ ĪŉŐŜŴ īŉśŐ ŎŔŗş ŎŚŗŕ ŗŘōŚŉŜőŖŏ ŉŋŜőŞőŜőōś ŗŎ 379 million Baht was due to better operating performance due to delivered projects from 2010 and receipt of some ŘŉšŕōŖŜśŴ ĪōśőŌōś ŜŐőśŲ ŜŐō īŗŕŘŉŖš ŌōŋŚōŉśōŌ ŉŌŞŉŖŋō ŘŉšŕōŖŜś ŎŗŚ ŘŚŗŌŝŋŜ ŉŖŌ śōŚŞőŋōś ŉŖŌ ŋŗŝŔŌ ŏōŜ ŉŌŞŉŖŋō ŚōŋōőŞō ŎŚŗŕ ŋŝśŜŗŕōŚś őŖ śŗŕō ŘŚŗŒōŋŜśŴ İŗşōŞōŚŲ ŋŉśŐ ŎŔŗş şŉś śŘōŖŜ ŗŖ ŜŐō ŗŘōŚŉŜőŗŖ ŗŎ ŜŐō ŘŚŗŒōŋŜ şŐőŋŐ őś ŉŖ ŝŖŊőŔŔōŌ ŘŚŗŒōŋŜ resulting from work which was not done according to the project criteria for invoicing. The Company used a cash flow of 204 ŕőŔŔőŗŖ ĪŉŐŜ ŎŗŚ őŖŞōśŜŕōŖŜ őŖ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ŉŖŌ śŘŉŚō ŘŉŚŜś ų ŊŗŜŐ ŎŗŚ ŉŌŌőŖŏ őŖŜŗ śŜŗŋœ ŉŖŌ ŎŗŚ ŜŐō ŚōŘŔŉŋōŕōŖŜ ŗŎ ōŠŘőŚōŌ ōřŝőŘŕōŖŜ ŎŗŚ ŋŝśŜŗŕōŚ śōŚŞőŋō ŉŖŌ ŉŔśŗ ŎŗŚ ŜŐō ŚōŘŔŉŋōŕōŖŜ ŗŎ ŗŔŌ ŗŎŎőŋō ōřŝőŘŕōŖŜŴ İŗşōŞōŚŲ ŜŐō īŗŕŘŉŖš ŚōŋōőŞōŌ ŉ ŋŉśŐ ŎŔŗş ŎŚŗŕ ŜŐō ŚōśŜŚőŋŜōŌ ŊŉŖœ ŌōŘŗśőŜ őŖ ŗŚŌōŚ Ŝŗ ŝśō őŖ őŜś ŗŘōŚŉŜőŗŖśŴ ĮŗŚ ŎőŖŉŖŋőŖŏ ŉŋŜőŞőŜőōśŲ ŜŐō īŗŕŘŉŖš ŝśōŌ ŉ ŋŉśŐ flow of 208 million Baht for dividends of 300 million baht from its long term loan reserved for projects which had payment ŘōŚőŗŌś ŔŗŖŏōŚ ŜŐŉŖ a šōŉŚŲ ŜŗŏōŜŐōŚ şőŜŐ ŋŉśŐ ŎŔŗş ŎŚŗŕ şŉŚŚŉŖŜ ŉŖŌ ĭĻķĸ ōŠōŚŋőśōśŴ ıŖ bà`Ų ŜŐō īŗŕŘŉŖš ŐŉŌ ŉŖ őŖŋŚōŉśō őŖ ŖōŜ ŋŉśŐ ŎŔŗş ŗŎ f ŕőŔŔőŗŖ ĪŉŐŜŴ īŉśŐ őŖŎŔŗş ŎŚŗŕ ŗŘōŚŉŜőŖŏ ŉŋŜőŞőŜőōś ŗŎ afh ŕőŔŔőŗŖ ĪŉŐŜ şŉś Ōŝō Ŝŗ ŊōŜŜōŚ ŗŘōŚŉŜőŖŏ ŘōŚŎŗŚŕŉŖŋōŲ ŔŗŖŏōŚ ŋŚōŌőŜ ŜōŚŕś ŗŎ ŜŚŉŌō ŉŋŋŗŝŖŜ ŘŉšŉŊŔōś ŎŚŗŕ db Ōŉšś őŖ 2009 to be 57 days in 2010. Apart of cash flow from operating activities was spent in inventories and advance payments for goods. The Company had invested in building improvement and office equipment of around 16 million Baht. The Company ŉŔśŗ őŖŞōśŜōŌ őŖ śŗŎŜşŉŚō ŋŗŘšŚőŏŐŜś ŉŖŌ ōřŝőŘŕōŖŜ ŎŗŚ ŜŐō Ŕōŉśō ŊŝśőŖōśśŲ ŉś şōŔŔ ŉś ŉŖ ŉŌŌőŜőŗŖŉŔ ŎŝŖŌőŖŏ ŗŎ ŉ śŝŊśőŌőŉŚš ŋŗŕŘŉŖš Ú ĵŉŘŔō ĸŔŝś īŗŴŲ ĴŜŌŴ İŗşōŞōŚŲ ŜŐō ŋŗŕŘŉŖš ŉŔśŗ ŚōŋōőŞōŌ ŕŗŖōš ŎŚŗŕ ŚōśŜŚőŋŜōŌ ŊŉŖœ ŌōŘŗśőŜśŴ ļŐō īŗŕŘŉŖš spent 152 million Baht for paying dividends as well as interim dividends which was netting off with more money from the şŉŚŚŉŖŜ ōŠōŚŋőśōśŴ ıŖ b`ìŲ ŜŐō īŗŕŘŉŖš ŐŉŌ ŉŖ őŖŋŚōŉśō őŖ ŖōŜ ŋŉśŐ ŎŔŗş ŗŎ gi ŕőŔŔőŗŖ ĪŉŐŜŴ īŉśŐ őŖŎŔŗş ŎŚŗŕ ŗŘōŚŉŜőŖŏ ŉŋŜőŞőŜőōś ŗŎ fd` ŕőŔŔőŗŖ ĪŉŐŜ şŉś Ōŝō Ŝŗ ŊōŜŜōŚ ŗŘōŚŉŜőŖŏ ŘōŚŎŗŚŕŉŖŋōŲ ŔŗŖŏōŚ ŋŚōŌőŜ ŜōŚŕś ŗŎ ŜŚŉŌō ŉŋŋŗŝŖŜ ŘŉšŉŊŔōś ŉŖŌ ŉŋŋŚŝōŌ ōŠŘōŖśōś ŉś şōŔŔ ŉś ŉŋŋŚŝōŌ śŉŔō ŋŗŕŕőśśőŗŖś ōŠŘōŖśōś ŖōŜŜőŖŏ ŗŎŎ şőŜŐ ŐőŏŐōŚ ŜŚŉŌō ŉŋŋŗŝŖŜ ŚōŋōőŞŉŊŔōśŴ īŉśŐ ŗŝŜŎŔŗş ŎŚŗŕ investing activities of 4 million Baht largely caused by the investment in office supplies and software copyrights netting off with the restricted deposits. Cash outflow financing activities of 557 million Baht was mainly attributable to the repayment of śŐŗŚŜųŜōŚŕ ŔŗŉŖś ŎŚŗŕ ŎőŖŉŖŋőŉŔ őŖśŜőŜŝŜőŗŖś ŉŖŌ ŜŚŝśŜ ŚōŋōőŘŜ ŉś şōŔŔ ŉś ŌőŞőŌōŖŌ ŘŉšŕōŖŜś ŖōŜŜőŖŏ ŗŎŎ şőŜŐ ŕŗŚō ŕŗŖōš ŎŚŗŕ capital injection.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Separate Financial Statements Financial Ratios

2011

2010

2009

(Restated)

Liquidity Ratio ĴőřŝőŌőŜš ĺŉŜőŗ ŮŜőŕōśů

aŴif

bŴ`b

bŴ``

Ĺŝőŋœ ĺŉŜőŗ ŮŜőŕōśů

aŴdf

aŴbb

aŴdh

īŉśŐ ĺŉŜőŗ ŮŜőŕōśů

`Ŵcb

`Ŵaf

`Ŵgc

ļŚŉŌō ĩŋŋŗŝŖŜ ĺōŋōőŞŉŊŔōś ļŝŚŖŗŞōŚ ŮŜőŕōśů

cŴdh

dŴ`e

cŴhg

ĩŞōŚŉŏō Ĭŉšś ĻŉŔō ķŝŜśŜŉŖŌőŖŏ ŮŌŉšśů

a`e

ıŖŞōŖŜŗŚš ļŝŚŖŗŞōŚ ŮŜőŕōśů

eŴca

eŴhh

fŴfc

eŴac

eŴhe

hŴfc

a`d

a`e

ĩŞōŚŉŏō Ĭŉšś ĻŉŔō ĸōŚőŗŌ ŮŌŉšśů ĩŋŋŗŝŖŜ ĸŉšŉŊŔōś ļŝŚŖŗŞōŚ ŮŜőŕōśů ĩŞōŚŉŏō Ĭŉšś ĸŉšŉŊŔō ķŝŜśŜŉŖŌőŖŏ ŮŌŉšśů īŉśŐ īšŋŔō ŮŌŉšśů

Liquidity Ratio In 2011 the Company’s liquidity ratio was 1.96 which is lower than in 2010. The reason was that the Company had work in progress projects which they could not deliver according to the criteria of invoicing. This meant that the Company ŋŉŖŖŗŜ Ŋō ŘŉőŌ Ŋš ŜŐō ŋŝśŜŗŕōŚ Ú ŕōŉŖőŖŏ ŜŐŉŜ ŜŐō īŗŕŘŉŖš ŔőřŝőŌőŜš ŚŉŜőŗ ŌōŋŚōŉśōŌŴ ĩŞōŚŉŏō Ĭŉšś ĻŉŔō ķŝŜśŜŉŖŌőŖŏ őŖŋŚōŉśōŌ ŎŚŗŕ hi Ōŉšś őŖ bà` Ŝŗ aè Ōŉšś őŖ bàaŴ ĿŐőŔō ŜŐō ĩŞōŚŉŏō Ĭŉšś ĸŉšŉŊŔō ķŝŜśŜŉŖŌőŖŏ ŌōŋŚōŉśōŌ Ŝŗ ah Ōŉšś in 2011 from 62 days in 2010. Thus the Company Cash Cycle increased from 88 days in 2010 to 104 days in 2011. Īš ŔŗŗœőŖŏ ŉŜ ŜŐō Ĺŝőŋœ ĺŉŜőŗ şō ŎŗŝŖŌ ŜŐŉŜ ŜŐō ĺŉŜőŗ şŉś aŴdfŲ şŐőŋŐ őś ŐőŏŐōŚ ŜŐŉŖ ŜŐō aŴbb őŖ bà`Ŵ ļŐō ŋŝŚŚōŖŜ ŉśśōŜś şōŚō ŕŗŚō őŖ ŜŐō ŎŗŚŕ ŗŎ ŉŋŋŗŝŖŜ ŚōŋōőŞŉŊŔōś ŉŖŌ ŝŖŊőŔŔōŌ ŚōŋōőŞŉŊŔōś őŖ bàaŲ ŊŝŜ őŖ bà`Ų ŜŐō ŋŝŚŚōŖŜ ŉśśōŜś şōŚō ŕŗŚō in form of inventories. ıŖ bà` ŜŐō īŗŕŘŉŖšÝś ŔőřŝőŌőŜš ŚŉŜőŗ şŉś bŴ`b ŜőŕōśŲ şŐőŋŐ şŉś ŊōŜŜōŚ ŜŐŉŖ ŜŐō bŴ`` Ŝőŕōś őŖ b`ì őŖŌőŋŉŜőŖŏ ŉ good liquidation. Average Day’s Sale Outstanding decreased from 93 days in 2009 to 89 days in 2010 whilst Average Day ĸŉšŉŊŔō ķŝŜśŜŉŖŌőŖŏ őŖŋŚōŉśōŌ ŎŚŗŕ db Ōŉšś őŖ b`ì Ŝŗ fb Ōŉšś őŖ bà`Ų ŜŐŝś ŜŐō īŗŕŘŉŖšÝś īŉśŐ īšŋŔō ŌōŋŚōŉśōŌ ŎŚŗŕ aè Ōŉšś őŖ b`ì Ŝŗ hh Ōŉšś őŖ bà`Ŵ İŗşōŞōŚŲ ŜŐō īŗŕŘŉŖšÝś Ĺŝőŋœ ĺŉŜőŗ ŌōŋŚōŉśōŌ ŎŚŗŕ aŴdh Ŝőŕōś őŖ b`ì Ŝŗ aŴbb times in 2010 as the Company had a higher number of projects in progress. Therefore inventory turnovers in 2010 decreased from those in 2009.

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

2.5 Capital Expenditures ıŖ bàaŲ ŜŐō īŗŕŘŉŖš őŖŞōśŜōŌ őŖ ōřŝőŘŕōŖŜ ŎŗŚ Ŕōŉśō ŊŝśőŖōśś ŎŗŚ bab ŕőŔŔőŗŖ ĪŉŐŜ ŉŖŌ ŘŝŚŋŐŉśōŌ śŘŉŚō ŘŉŚŜś for customer service and office equipment for 42 million Baht. ıŖ bà`Ų ŜŐō īŗŕŘŉŖš őŖŞōśŜōŌ őŖ ŊŝőŔŌőŖŏ őŕŘŚŗŞōŕōŖŜŲ ōřŝőŘŕōŖŜśŲ ŉŖŌ śŗŎŜşŉŚō ŋŗŘšŚőŏŐŜś şőŜŐ ŜŗŜŉŔ ŉŕŗŝŖŜ ŗŎ ai ŕőŔŔőŗŖ ĪŉŐŜŲ şŐőŋŐ şŉś ŉŖ őŖŋŚōŉśō ŗŎ i ŕőŔŔőŗŖ ĪŉŐŜ ŎŚŗŕ b`ìŴ ļŐō ŊŝőŔŌőŖŏ őŕŘŚŗŞōŕōŖŜ şŉś ŉőŕōŌ Ŝŗ ōŠŘŉŖŌ ŗŎŎőŋō śŘŉŋō Ŝŗ ŋŗŘō şőŜŐ ŜŐō īŗŕŘŉŖšÝś ŎŝŜŝŚō şŗŚœś şŐőŔō ŜŐō őŖŞōśŜŕōŖŜ őŖ ōřŝőŘŕōŖŜś şŉś ŜŐō ŚōŘŔŉŋōŕōŖŜ ŗŎ ōŖŌųŗŎųŝśōŎŝŔųŔőŎō ōřŝőŘŕōŖŜś ŘŚŗŒōŋŜŴ ıŖ ŉŌŌőŜőŗŖŲ ŜŐō īŗŕŘŉŖš őŖŞōśŜōŌ őŖ ŜŐō śŝŊśőŌőŉŚš ŋŗŕŘŉŖšŲ ĵŉŘŔō ĸŔŝś īŗŴŲ ĴŜŌŴŲ ōřŝŉŔ Ŝŗ f ŕőŔŔőŗŖ ĪŉŐŜ for fully paid up registered share capital from the previous investment of 6 million Baht in 2007. ıŖ b`ìŲ ŜŐō īŗŕŘŉŖš őŖŞōśŜōŌ őŖ ŗŎŎőŋō śŝŘŘŔőōś ŉŖŌ śŗŎŜşŉŚō ŋŗŘšŚőŏŐŜś ŎŗŚ őŜś ŖŗŚŕŉŔ ŊŝśőŖōśś ŗŘōŚŉŜőŗŖśŴ ļŐō Company cut down its investment in equipments in 2009.

2.6 Sources of Funds ļŐō īŗŕŘŉŖšÝś ŌōŊŜ Ŝŗ ōřŝőŜš ŚŉŜőŗś `ŴigŲ `ŴidŲ `Ŵic Ŝőŕōś őŖ bàaŲ bà`Ų ŉŖŌ b`ìŲ ŚōśŘōŋŜőŞōŔšŲ ŋŔōŉŚŔš reflected its stability in terms of the financial policy which utilized more money from Shareholders’ equities than financial borrowings. Separate Financial Statements Financial Ratios

2011

2010

2009

(Restated)

`Ŵid

`Ŵic

Financial Policy Ratio ĬōŊŜ Ŝŗ ĭřŝőŜš ĺŉŜőŗ ŮŜőŕōśů

`Ŵig

ıŖ b`aaŲ ŊōśőŌō őŜś śŗŝŚŋōś ŗŎ ŎŝŖŌőŖŏ ŎŚŗŕ ĪŵĭŲ ķŵĬ ŉŖŌ Ĵŵį ŎŚŗŕ ŊŉŖœśŲ ŜŐō īŗŕŘŉŖš ŊŗŚŚŗşōŌ ŉ ŔŗŖŏ ŜōŚŕ ŔŗŉŖ from a commercial bank to purchase equipment for projects. Details of the long term loan are as follows in the table following. Unit: million Baht Long-term loans Credit line Interest rate

100.0

Total

5.7% per ŉŖŖŝŕ

Loan Outstanding Payment

Collateral

31 Dec 2011

31 Dec 2010

31 Dec 2009

Principal and interest payment are Ōŝō ŎŚŗŕ ĩŘŚőŔ b`ab Ú ĵŉŚŋŐ b`ae totaling 36 installments of 3.06 million Baht each.

geŴ`

75.0

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Corporate Social Responsibilities Good Corporate Governance ĿőŜŐ ŉŖ ŉşŉŚōŖōśś ŗŎ ŜŐō őŕŘŗŚŜŉŖŋō ŗŎ ŏŗŗŌ ŏŗŞōŚŖŉŖŋōŲ ŜŐō īŗŕŘŉŖšÝś ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś Őŉś ōŕŘŔŗšōŌ ŜŐō ŏŗŗŌ ŋŗŚŘŗŚŉŜō ŏŗŞōŚŖŉŖŋō őŖőŜőŉŜőŞōŲ ŖŗŜ ŗŖŔš ŉś ŉ ŜŗŗŔ Ŝŗ ŉŌŌ ŕŗŚō ŞŉŔŝōŲ ŊŝŜ ŉŔśŗ Ŝŗ ŘŚŗŕŗŜō ŜŐō īŗŕŘŉŖšÝś śŝśŜŉőŖŉŊŔō ŏŚŗşŜŐģ Ŝŗ őŖŋŚōŉśō ŕŉŖŉŏōŕōŖŜ ōŎŎőŋőōŖŋšŲ ŜŚŉŖśŘŉŚōŖŋš ŉŖŌ ŉŋŋŗŝŖŜŉŊőŔőŜšģ ŉŖŌ ŉś őŕŘŗŚŜŉŖŜŔšŲ Ŝŗ ŋŗŖŜőŖŝō Ŝŗ ŊŝőŔŌ ŋŗŖŎőŌōŖŋō őŖ őŜś śŐŉŚōŐŗŔŌōŚśŲ śŜŉœōŐŗŔŌōŚś ŉŖŌ ŉŔŔ ŗŜŐōŚ ŚōŔōŞŉŖŜ ŘŉŚŜőōśŴ ļŐō īŗŕŘŉŖšÝś ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŋŗŖŜőŖŝōś Ŝŗ ŕŗŖőŜŗŚŲ śŝŘōŚŞőśō ŉŖŌ şŐōŚō ŘŗśśőŊŔōŲ Ŝŗ őŕŘŚŗŞō ŜŐō ŝśō ŗŎ ŏŗŗŌ ŋŗŚŘŗŚŉŜō ŏŗŞōŚŖŉŖŋō ŘŗŔőŋőōś ŜŐŚŗŝŏŐŗŝŜ ŜŐō īŗŕŘŉŖšŴ ļŐō īŗŕŘŉŖš ŚōŕőŖŌś ŉŔŔ ōŕŘŔŗšōōś Ŝŗ Ŋō ŉşŉŚō ŗŎ őŜś ŘŚŉŋŜőŋō ŗŎ őŜś ŏŗŗŌ ŋŗŚŘŗŚŉŜō ŏŗŞōŚŖŉŖŋō ŘŗŔőŋőōśŴ ļŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōō ŉŖŌ ŜŐō ıŖŜōŚŖŉŔ ĩŝŌőŜ ĬōŘŉŚŜŕōŖŜŲ ŝŖŌōŚ śŝŘōŚŞőśőŗŖ ŗŎ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōōŲ ŚōŘŗŚŜ ŜŐō ōŞŉŔŝŉŜőŗŖ ŚōśŝŔŜś ŗŎ ŜŐō good corporate governance policies within the Company to the Audit Committee and the Board of Directors. There are 5 items necessary for effective good corporate governance policies according to the Corporate Governance īōŖŜōŚ ŉŜ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌĢ 1. Rights of Shareholders 2. Equality of Shareholders’ Rights 3. Roles of Stakeholders dŴ ıŖŎŗŚŕŉŜőŗŖ ĬőśŋŔŗśŝŚō ŉŖŌ ļŚŉŖśŘŉŚōŖŋšŲ ŉŖŌ 5. The Committees’ Responsibility

1. Rights of Shareholders ĪōőŖŏ őŜś ŗşŖōŚśŲ ŜŐō īŗŕŘŉŖš ŜŚōŉŜś őŜś śŐŉŚōŐŗŔŌōŚś şőŜŐ ŉŔŔ ŜŐō ŎŝŖŌŉŕōŖŜŉŔ ŚőŏŐŜś ŉś ŌōŜōŚŕőŖōŌ Ŋš ŔŉşŴ ĩŌŌőŜőŗŖŉŔŔšŲ ŜŐō īŗŕŘŉŖš Őŉś ŉ ŘŗŔőŋš Ŝŗ ōŖśŝŚō őŜś śŐŉŚōŐŗŔŌōŚś ŉŚō œōŘŜ ŝŘųŜŗųŌŉŜō şőŜŐ őŕŘŗŚŜŉŖŜ ŋŗŚŘŗŚŉŜō őŖŎŗŚŕŉŜőŗŖ ŜŐŚŗŝŏŐ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌ ŉŖŌ őŜś şōŊśőŜō ŉŜ şşşŴŉőŜŴŋŗŴŜŐ őŖ ŊŗŜŐ ļŐŉő ŉŖŌ ĭŖŏŔőśŐ The rights of the shareholders are as described in the following sections 1.1 thru 1.6.

1.1 The Shareholder’s Meeting The Company determines that the Annual General Shareholders Meeting shall be held annually with no more than ŎŗŝŚ Ůdů ŕŗŖŜŐś ŎŚŗŕ ŜŐō ōŖŌ ŌŉŜō ŗŎ ŜŐō īŗŕŘŉŖšÝś ŎőśŋŉŔ šōŉŚŴ ļŐō śŐŉŚōŐŗŔŌōŚś ŉŚō ōŔőŏőŊŔō ŎŗŚ ŉŜŜōŖŌőŖŏ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ Shareholders Meeting and casting a vote are required to be registered on the shareholders book on what is called the record date. The number of shares each shareholder are entitled to cast votes shall follow the details on the shareholders book on ŜŐō ŚōŋŗŚŌ ŌŉŜōŴ ļŐō ŚōŋŗŚŌ ŌŉŜō śŐŉŔŔ Ŋō śŋŐōŌŝŔōŌ ŗŖ ŉ ŌŉŜō ŜŐŉŜ őś Ŗŗ ŕŗŚō ŜŐŉŖ Ŝşŗ Ůbů ŕŗŖŜŐś ŊōŎŗŚō ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ Shareholders Meeting and after the date the Board of Directors gives approval for the Annual General Shareholders Meeting. Once the Board of Directors has approved the record date this also sets the list of shareholders eligible for attending the ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏ ŉŖŌ ŜŐŉŜ ŌŉŜō śŐŉŔŔ ŖŗŜ Ŋō ŋŐŉŖŏōŌŴ ıŖ śŗŕō ŝŚŏōŖŜ ŋŉśōśŲ ŜŐō īŗŕŘŉŖš ŕŉš ŉŔśŗ ŖōōŌ Ŝŗ ŋŉŔŔ ŉŖ ĭŠŜŚŉŗŚŌőŖŉŚš įōŖōŚŉŔ ĵōōŜőŖŏŴ ļŐō īŗŕŘŉŖš ŐōŔŌ ŜŐō bà` ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏ ĶŗŴaŵbàa ŗŖ ĩŘŚőŔ hŜŐŲ bàa ŉŜ ĺŉŒŘŚŝōœ īŔŝŊ ŗŖ ľőŊŐŉŞŉŌőųĺŉŖŏśőŜ ĺŗŉŌŲ ĪŉŖŏœŗœŴ ļŐō īŗŕŘŉŖš ĬőŚōŋŜŗŚś şōŚō őŖ ŉŜŜōŖŌŉŖŋō ŉŔŗŖŏ şőŜŐ ŜŐō ĻōŖőŗŚ ĭŠōŋŝŜőŞō ĩŝŌőŜŗŚś of Ernst and Young Office Limited Company Limited who conducted the report on the financial results. The Chairman conducted the meeting as required by law. All agenda items were approved at this Meeting.

100

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

1.2 Invitation Letter for the Annual General Shareholders Meeting in Advance of the Scheduled Meeting ļŐō īŗŕŘŉŖš ŉŘŘŗőŖŜōŌ ļŐŉőŔŉŖŌ ĻōŋŝŚőŜőōś ĬōŘŗśőŜŗŚš īŗŕŘŉŖš ĴőŕőŜōŌŲ ŉ śōŋŝŚőŜőōś ŚōŏőśŜŚŉŚŲ Ŝŗ śōŖŌ őŖŞőŜŉŜőŗŖ letters to eligible shareholders 14 days in advance of the Annual General Shareholders Meeting; these invitation letters included: a detailed agenda; supporting documentation and information for decision making; a resolution of the Board of ĬőŚōŋŜŗŚśģ ŚōŘŗŚŜś ŗŖ ŜŐō ŘŉśŜ ŕōōŜőŖŏ ŚōśŗŔŝŜőŗŖģ ŜŐō ŚōŋōŖŜ ĩŖŖŝŉŔ ĺōŘŗŚŜģ ŉ ŘŚŗŠš ŎŗŚŕ ŉŖŌ ŘŚŗŋōŌŝŚōśŴ ıŖ ŗŚŌōŚ Ŝŗ őŖŎŗŚŕ ŜŐō śŐŉŚōŐŗŔŌōŚś Ŝŗ ŘŚōŘŉŚō ŎŗŚ ŜŐō ŝŘŋŗŕőŖŏ ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏŲ ŉŖ ŉŖŖŗŝŖŋōŕōŖŜ şőŔŔ ŉŔśŗ Ŋō ŘŝŊŔőśŐōŌ ŜŐŚōō Ůců Ōŉšś ŘŚőŗŚ Ŝŗ ŜŐō ŕōōŜőŖŏ ŌŉŜō Ŋš ŖōşśŘŉŘōŚģ ŜŐō ĩıļ ŋŗŚŘŗŚŉŜō şōŊ śőŜō ŉŜ www.ait.co.th will publish the same detail prior to the scheduled Shareholder Meeting.

1.3 Annual General Shareholders Meeting Facilitation The Company equally facilitated a warm welcome to all shareholders and to assist with the shareholder registration ŗŖō Ůaů ŐŗŝŚś ŘŚŗŋōśś ŘŚőŗŚ Ŝŗ ŜŐō śŋŐōŌŝŔōŌ ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏ śŜŉŚŜ Ŝőŕōģ ŉś şōŔŔ ŉś ŊōőŖŏ ŗŖ ŐŉŖŌ Ŝŗ provide banquet refreshments to the shareholders throughout the event.

1.4 Operation of the Annual General Shareholders Meeting ĸŚőŗŚ Ŝŗ ŜŐō śŜŉŚŜ ŗŎ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏŲ őŖ ŉŋŋŗŚŌŉŖŋō şőŜŐ ŜŐō īŗŕŘŉŖšÝś ŚōŏŝŔŉŜőŗŖśŲ ŜŐō Chairman will ensure that all shareholders are informed on the voting procedure for each agenda item. The meeting attendees ŉŚō şōŔŋŗŕō Ŝŗ Śŉőśō ŌőśŋŝśśőŗŖ řŝōśŜőŗŖś ŗŚ ŕŉœō ŋŗŕŕōŖŜś ŉŖŌ ŚōŋŗŕŕōŖŌŉŜőŗŖś ŎŗŚ ōŉŋŐ ŉŏōŖŌŉ őŜōŕŴ ļŐō ĭŠōŋŝŜőŞō şőŔŔ answer all questions clearly. The Chairman conducts the meeting in order of each agenda item. No additional agenda items are added without prior notification to the shareholders. The Chairman provides a summary of the result of each agenda item vote.

1.5 Reporting Practice of Conflicts of Interest ļŐō īŗŕŘŉŖš ŎŗŔŔŗşś ĻōŋŜőŗŖ hiŵad ŗŎ ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖ ĩŋŜ ŮaiibůŲ şŐőŋŐ şŉś ŉŕōŖŌōŌ Ŋš ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖ ĩŋŜ ŮĶŗŴdů Ůb``hůŴ ļŐō ĩŋŜ ŌōŜōŚŕőŖōś ŜŐŉŜ ōŉŋŐ ŕōŕŊōŚ ŗŎ ŜŐō īŗŕŘŉŖšÝś ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŉŖŌ őŜś ĭŠōŋŝŜőŞōś ŕŝśŜ ŚōŘŗŚŜ Ŝŗ ŜŐō īŗŕŘŉŖš ŉŔŔ ŉŖŌ ŉŖš őŖŜōŚōśŜś ŜŐŉŜ ŜŐōš ŉŖŌ ŜŐōőŚ ŚōŔŉŜōŌ ŘōŚśŗŖś ŐŗŔŌŴ This interest is related to its management or its subsidiaries and is in accordance with the announcement of the Capital Market īŗŕŕőśśőŗŖ ļŐŴ ĶŗŴbŵb`ì ŌŉŜōŌ ĲŉŖŝŉŚš bfŜŐŲ b`ì şŐőŋŐ śŜŉŜōŌ ŜŐō ŚōřŝőŚōŕōŖŜś Ŝŗ ŋŗŕŘŔš Ŝŗ įŗŗŌ įŗŞōŚŖŉŖŋōŴ ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś Őŉś śōŜ ŜŐō ŏŝőŌōŔőŖōś ŉŖŌ ŌōŜōŚŕőŖōś Ŝŗ ŚōŘŗŚŜ ŜŐō őŖŜōŚōśŜ ŗŎ ŜŐō ĬőŚōŋŜŗŚśŲ ĭŠōŋŝŜőŞōś ŉŖŌ ŜŐōőŚ ŚōŔŉŜōŌ persons as follows: aŴ ĬōŜōŚŕőŖōś ŜŐŉŜ ŜŐō īŗŕŘŉŖš ĬőŚōŋŜŗŚś ŉŖŌ ĭŠōŋŝŜőŞōś ŉŖŌ ŚōŔŉŜōŌ ŘōŚśŗŖś ŉŚō ŚōřŝőŚōŌ Ŝŗ ŚōŘŗŚŜ ŜŐōőŚ interests from their initial designation to the post; and also within 7 working days of any change to their interests or their related persons interest; and to report according to the report form requirements and submit this report to the Corporate Secretary to retain for audit purposes bŴ ĬōŜōŚŕőŖōś ŜŐŉŜ ŜŐō īŗŚŘŗŚŉŜō ĻōŋŚōŜŉŚš ŕŝśŜ şőŜŐőŖ g şŗŚœőŖŏ Ōŉšś śŝŊŕőŜ ŜŐō ŚōŘŗŚŜś ŗŎ őŖŜōŚōśŜśŲ ŉŖŌ ŉŖš ŋŐŉŖŏōśŲ Ŝŗ ŜŐō īŐŉőŚŕŉŖ ŉŖŌ ĩŝŌőŜ īŗŕŕőŜŜōōś ŎŚŗŕ ŜŐō ŌŉŜō ŗŎ ŚōŋōőŞőŖŏ ŜŐŉŜ ŚōŘŗŚŜ őŖ ŗŚŌōŚ ŎŗŚ ŜŐō ĩŝŌőŜ Committee to add to the Annual General Shareholders Meeting agenda if necessary. Approval of guidelines and ŚōŘŗŚŜőŖŏ ŘŚŗŋōŌŝŚōś şŉś ŕŉŌō Ŋš ŜŐō īŗŕŘŉŖšÝś ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ĶŗŴcŵb`ì ŌŉŜōŌ ĵŉš abŲ b`ì Ŝŗ ŉŋŋŗŝŖŜ ŎŗŚ ŘŗŜōŖŜőŉŔ ŋŗŖŎŔőŋŜś ŗŎ őŖŜōŚōśŜ ŗŎ ŜŐō īŗŕŘŉŖšÝś ĬőŚōŋŜŗŚśŲ ĭŠōŋŝŜőŞōś ŉŖŌ ŜŐōőŚ ŚōŔŉŜōŌ ŘōŚśŗŖśŴ ļŐōśō ŚōřŝőŚōŕōŖŜś ŋŗŕŕōŖŋōŌ ĲŝŔš aŲ b`ìŴ ıŜ śŐŗŝŔŌ Ŋō ŖŗŜōŌ ŜŐŉŜ őŎ ŉŖš śŝŋŐ ŘōŚśŗŖ Őŉś ŉ ŋŗŖŎŔőŋŜ ŗŎ őŖŜōŚōśŜś ŗŖ ŉŖš ŉŏōŖŌŉ őŜōŕŲ ŜŐŉŜ ŘōŚśŗŖ ŜŐōŚōŎŗŚō Őŉś Ŗŗ ŚőŏŐŜ Ŝŗ ŞŗŜō ŗŖ ŜŐŉŜ ŉŏōŖŌŉ őŜōŕ 101

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

1.6 Action after the Annual General Shareholders Meeting ļŐō īŗŕŘŉŖš śōŖŌś ŜŐō ŕőŖŝŜōś ŗŎ ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏŲ őŖŋŔŝŌőŖŏ ŜŐō ŚōŋŗŚŌōŌ ŌōŜŉőŔś ŎŗŚ ōŉŋŐ ŉŏōŖŌŉ őŜōŕ Ŝŗ ļŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌ ŉŖŌ ŜŐō ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖ şőŜŐőŖ ad Ōŉšś ŗŎ ŜŐō ĵōōŜőŖŏģ ŉŌŌőŜőŗŖŉŔŔšŲ ŜŐō minutes are published on the corporate website at www.ait.co.th so as to inform all investors and shareholders. Video and audio records of the Annual General Shareholders Meeting may be requested by individual shareholder or other investors.

2. Equality of Shareholders’ Rights

ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŕŉőŖŜŉőŖś ŜŐō ŘŗŔőŋš ŗŎ ŉŔşŉšś ŘŚŗŞőŌőŖŏ ōřŝŉŔ ŜŚōŉŜŕōŖŜ Ŝŗ ŉŔŔ śŐŉŚōŐŗŔŌōŚśŲ ŉś ŎŗŔŔŗşśĢ

2.1 Proposed Meeting Agenda and Documentation Prior to the date of Annual General Shareholders Meeting an individual shareholder is eligible to propose items for the agenda that they believe would be beneficial to the Company performance. ļŐō īŗŕŘŉŖš ŖŗŜőŎőōś śŐŉŚōŐŗŔŌōŚś ŜŐŚŗŝŏŐ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌ ŉŖŌ ŜŐō ŋŗŚŘŗŚŉŜō şōŊśőŜō ŉŜ şşşŴŉőŜŴ ŋŗŴŜŐŴ ĩś ŜŐō īŗŕŘŉŖšÝś śŐŉŚōŐŗŔŌōŚś ŋŗŖśőśŜ ŗŎ ŊŗŜŐ ļŐŉő ŉŖŌ ŎŗŚōőŏŖōŚśŲ őŖ ŗŚŌōŚ Ŝŗ ŎŉŋőŔőŜŉŜō ŜŚŉŖśŘŉŚōŖŋš ŗŎ őŖŎŗŚŕŉŜőŗŖ ŉŖŌ ŋŗŕŕŝŖőŋŉŜőŗŖ Ŝŗ ŉŔŔ śŐŉŚōŐŗŔŌōŚśŲ ŜŐō īŗŕŘŉŖš ŘŚŗŞőŌōś ŌŗŋŝŕōŖŜŉŜőŗŖ ŎŗŚ ĵōōŜőŖŏś őŖ ŊŗŜŐ ļŐŉő ŉŖŌ ĭŖŏŔőśŐŴ ĩŌŌőŜőŗŖŉŔŔš the corporate website is provided in both Thai and English versions.

2.2 Proxy to Attend Meetings and Vote ıŖ ŗŚŌōŚ Ŝŗ ŝŘŐŗŔŌ ŜŐōőŚ ŚőŏŐŜś Ŋš ŜŐōŕśōŔŞōśŲ ŉ śŐŉŚōŐŗŔŌōŚ őś ŘōŚŕőŜŜōŌ Ŝŗ ŏőŞō ŉ ŘŚŗŠš Ŝŗ ŜŐōőŚ ŚōŘŚōśōŖŜŉŜőŞō ŗŚ Ŝŗ ŉŖ ıŖŌōŘōŖŌōŖŜ ĬőŚōŋŜŗŚŴ Īš őŌōŖŜőŎšőŖŏ ŜŐō ŚōŘŚōśōŖŜŉŜőŞō ŌōŜŉőŔś őŖ ŜŐō ŘŚŗŠš ŎŗŚŕ śŘōŋőŎőōŌ Ŋš ŜŐō ĵőŖőśŜŚš ŗŎ īŗŕŕōŚŋōŲ ŜŐō shareholders representative may attend the Annual General Shareholders Meeting and vote on behalf of the shareholder. The īŗŕŘŉŖš Őŉś ŘŝŊŔőśŐōŌ ŉ ŘŚŗŠš ŎŗŚŕ ŗŖ ŜŐō ŋŗŚŘŗŚŉŜō şōŊśőŜō ŉŜ şşşŴŉőŜŴŋŗŴŜŐ ŉŔŗŖŏ şőŜŐ ŌōŜŉőŔōŌ őŖŎŗŚŕŉŜőŗŖ ŉŖŌ ŘŚŗŋōŌŝŚōś for its use.

2.3 Access to Company Information A shareholder of the Company may access information on AIT which is distributed and available equally to all shareholders through one of the following channels: őů ļōŔōŘŐŗŖōĢ `bųbgeid`` őőů īŗŚŘŗŚŉŜō ĿōŊśőŜōĢ ŐŜŜŘĢŵŵşşşŴŉőŜŴŋŗŴŜŐ őőőů ĭųĵŉőŔĢ őŚĨŉőŜŴŋŗŴŜŐ

3. Rights and Roles of the Stakeholders The Company is aware of rights of all its stakeholders and has a policy to maintain their confidence. It gives appropriate importance to all stakeholders: the shareholders; employees; customers; trade partners; competitors; the public ŉŖŌ śŗŋőōŜš ŗŞōŚŉŔŔŴ ļŐō īŗŕŘŉŖš Őŉś ōřŝŉŔ ŎőŌŝŋőŉŚš ŌŝŜőōś ŜŗşŉŚŌ ŉŔŔ ŏŚŗŝŘś ŗŎ śŜŉœōŐŗŔŌōŚś Ŝŗ ŉŔŔŗş ŉŜ ŉŔŔ Ŝőŕōś śōŋŝŚōŲ ōŜŐőŋŉŔ ŉŖŌ ŊōŖōŎőŋőŉŔ ŊŝśőŖōśś ŗŘōŚŉŜőŗŖśŴ ļŗ ŜŐŉŜ ōŖŌŲ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś Őŉś ōśŜŉŊŔőśŐōŌŲ őŖ şŚőŜőŖŏŲ ŉ īŗŌō ŗŎ ĪŝśőŖōśś Ethics consisting of:

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ä ĩ īŗŌō ŗŎ ĭŜŐőŋś ŎŗŚ ĭŠōŋŝŜőŞōś Ŝŗ ŜŐō ŞŉŚőŗŝś ĻŜŉœōŐŗŔŌōŚś Ůśōō ŊōŔŗşůŲ ŉŖŌ ä ĩ īŗŌō ŗŎ ĭŜŐőŋś ŎŗŚ ĭŕŘŔŗšōōś Ůśōō ĻōŋŜőŗŖ iŴbů ĩ ŋŗŘš ŗŎ ŜŐō īŗŌōś ŗŎ ĭŜŐőŋś Őŉś ŊōōŖ ŌőśśōŕőŖŉŜōŌ Ŝŗ ŉŔŔ ōŠōŋŝŜőŞōś ŉŖŌ ōŕŘŔŗšōōśŴ ļŐō ŝśō ŉŖŌ ŘŚŉŋŜőŋō ŗŎ ŜŐō īŗŌō of Ethics is supervised and promoted across the Company to ensure that all stakeholders are treated and protected according to their fundamental rights. The Code of Ethics for Executives requires that all Company executives shall properly treat the shareholders, employees, customers, traders, creditors, competitors and the society overall as follows:

Executives to Shareholders

aŴ ĸōŚŎŗŚŕ ŜŐōőŚ ŌŝŜőōś şőŜŐ őŖŜōŏŚőŜšŲ ŜŚŉŖśŘŉŚōŖŋš ŉŖŌ ŎŉőŚŖōśś Ŝŗ ōŖśŝŚō ŉŖš ŌōŋőśőŗŖųŕŉœőŖŏ ŘŚŗŞőŌōś ŗŘŜőŕŉŔ ŊōŖōŎőŜś to all relevant groups bŴ ĸōŚŎŗŚŕ ŜŐōőŚ ŌŝŜőōś ŘŚŗŎōśśőŗŖŉŔŔš şőŜŐ œŖŗşŔōŌŏōŲ ōŠŘōŚŜőśōŲ őŖŜōŖŜőŗŖŲ ŋŉŚōŎŝŔŖōśśŲ œŖŗşŔōŌŏō ŉŘŘŔőŋŉŜőŗŖ ŉŖŌ managerial skill 3. Report complete and actual organizational situations on the regular basis 4. Do not attempt to benefit themselves or any other outside person with the Company’s undisclosed information eŴ Ĭŗ ŖŗŜ ŌőśŋŔŗśō ŜŐō īŗŕŘŉŖšÝś ŋŗŖŎőŌōŖŜőŉŔ őŖŎŗŚŕŉŜőŗŖ Ŝŗ ŗŝŜśőŌō ŘōŚśŗŖśŲ ōśŘōŋőŉŔŔš ŋŗŕŘōŜőŜŗŚś 6. Do not proceed with any matter which may cause any conflicts of interest

Executives to Employees

aŴ ĸŚŗŞőŌō ŉŘŘŚŗŘŚőŉŜō ŚōŕŝŖōŚŉŜőŗŖ Ŝŗ ŜŐō ōŕŘŔŗšōōśŲ ŊŉśōŌ ŗŖ ŜŐō ōŕŘŔŗšōōśÝ œŖŗşŔōŌŏōŲ ŋŉŘŉŊőŔőŜőōś ŉŖŌ ŉś appropriate 2. Provide employees with equal opportunity for human resources development 3. Avoid any unfairness that may threaten or pressure or affect the work stability of employees dŴ īŚōŉŜō şŗŚœ ōŖŞőŚŗŖŕōŖŜŉŔ ŋŗŖŌőŜőŗŖś şőŜŐ ŋŗŖŋōŚŖś ŗŎ śŉŎōŜš Ŝŗ ōŕŘŔŗšōōśÝ ŔőŞōśŲ ŘŐšśőŋŉŔ ŋŗŖŌőŜőŗŖśŲ ŐōŉŔŜŐ ŉŖŌ ŉśśōŜś 5. Abide by the laws and regulations relevant to the employees

Executives to Customers

1. Produce products and services with quality and ongoing quality in order to benefit the Company 2. Disclose complete and accurate information relevant to products and services 3. Provide guarantees under appropriate conditions 4. Do not deliver damaged or defective products and services to customers 5. Establish a system to allow the customers to query the Company products and services and respond quickly to the customer’s questions or comments fŴ ĳōōŘ ŋŝśŜŗŕōŚ őŖŎŗŚŕŉŜőŗŖ ŋŗŖŎőŌōŖŜőŉŔ ŉŖŌ Ōŗ ŖŗŜ ōŠŘŔŗőŜ śŝŋŐ ŋŗŖŎőŌōŖŜőŉŔőŜš şőŜŐ ŌőśŐŗŖōśŜ ŘŝŚŘŗśōś ŎŗŚ ŘōŚśŗŖŉŔ benefit or the benefit of outside persons gŴ ĩŌŐōŚō Ŝŗ ŜŐō ŋŝśŜŗŕōŚśÝ ŚōřŝőŚōŕōŖŜś ŉŖŌ ŋŗŖŌőŜőŗŖś śŜŚőŋŜŔšŴ ıŖ ŉ ŋŉśō ŜŐŉŜ ŜŐō ŋŗŖŌőŜőŗŖś ŕŉš ŖŗŜ Ŋō ŕōŜŲ ŜŐō ōŠōŋŝŜőŞōś ŕŝśŜ řŝőŋœŔš őŖŎŗŚŕ ŜŐō ŋŝśŜŗŕōŚ ŉŖŌ şŗŚœ Ŝŗ ŒŗőŖŜŔš ŚōŉŋŐ ŉ śŗŔŝŜőŗŖ

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Executives to Traders or Creditors

aŴ ĻŜŚőŋŜŔš ŎŗŔŔŗş ŜŐō ŜŚŉŌōŚś ŉŖŌ ŋŚōŌőŜŗŚśÝ ŋŗŖŌőŜőŗŖśŴ ıŖ ŉ ŋŉśō ŜŐŉŜ ŜŐō ŋŗŖŌőŜőŗŖś ŉŚō ŖŗŜ ŕōŜŲ ŜŐō ōŠōŋŝŜőŞōś śŐŉŔŔ inform them beforehand to jointly find a solution and protect against any damage bŴ Ĭŗ ŖŗŜ ŚōřŝōśŜ ŗŚ ŚōŋōőŞō ŘōŚśŗŖŉŔ ŊōŖōŎőŜś ŎŚŗŕ ŗŚ ŏőŞō ŊōŖōŎőŜś Ŝŗ ŜŚŉŌō ŘŉŚŜŖōŚśŲ ŌōŊŜŗŚś ŗŚ ŋŚōŌőŜŗŚś ŎŗŚ ŌőśŐŗŖōśŜ purposes 3. Report financial information accurately and completely

Executives to Competitors 1. Abide by the rules of competition bŴ ĩŞŗőŌ ŜŉŚŖőśŐőŖŏ ŗŚ ŕŉœőŖŏ ŉŋŋŝśŉŜőŗŖś ŉŏŉőŖśŜ ŋŗŕŘōŜőŜŗŚś ŗŚ ŜŐōőŚ ŘŚŗŌŝŋŜś şőŜŐŗŝŜ őŖŜōŏŚőŜšŲ őŖŎŗŚŕŉŜőŗŖ ŉŖŌ ŜŚŝŜŐ 3. Do not access a customers’ confidential information without integrity or appropriateness

Executives to Society Overall

aŴ ĻŝŘŘŗŚŜ ŉŖš ŉŋŜőŞőŜőōś ŜŐŉŜ ŊōŖōŎőŜ ŜŐō ŘŝŊŔőŋŲ ŜŐō ŋŗŕŕŝŖőŜš ŉŖŌ śŗŋőōŜš ŗŞōŚŉŔŔ bŴ ĺōŜŝŚŖ ŜŐō īŗŕŘŉŖšÝś ŘŉŚŜőŉŔ ŘŚŗŎőŜ Ŝŗ śŗŋőōŜšųŚōŔŉŜōŌ ŉŋŜőŞőŜőōś ŚōŏŝŔŉŚŔš 3. Do not do anything that impairs natural resources or the environment dŴ īŗŖŜőŖŝŗŝśŔš őŕŘŔŉŖŜ ŋŗŖśŋőŗŝśŖōśś ŗŎ ŗŝŚ ŚōśŘŗŖśőŊőŔőŜš Ŝŗ ŜŐō ŘŝŊŔőŋŲ ŋŗŕŕŝŖőŜš ŉŖŌ śŗŋőōŜš ŉŕŗŖŏśŜ ōŕŘŔŗšōōś at all levels 5. Abide and supervise according to the law and regulations established by any supervision unit

4. Information Disclosure and Transparency 4.1 The Board of Directors shall be responsible for financial statements and general information for shareholders ŉŖŌ ŏōŖōŚŉŔ őŖŞōśŜŗŚś şőŜŐ ŜŚŉŖśŘŉŚōŖŋšŲ ŉŋŋŗŝŖŜŉŊőŔőŜš ŉŖŌ ŘŝŖŋŜŝŉŔőŜš şőŜŐ ōŠŘŔŉŖŉŜőŗŖ őŖŎŗŚŕŉŜőŗŖ ŘŚŗŞőŌōŌ ŗŖ ŜŐō ŘōŚŎŗŚŕŉŖŋōŲ ŘŗŔőŋőōśŲ ŎŝŜŝŚō ŜŚōŖŌŲ śŝŋŋōśśōś ŉŖŌ ŗŊśŜŉŋŔōśŴ ĻŝŋŐ őŖŎŗŚŕŉŜőŗŖ őś ŌőśŋŔŗśōŌ őŖ ŜŐō ŉŖŖŝŉŔ ŚōŘŗŚŜŲ ŜŐō ŉŖŖŝŉŔ őŖŎŗŚŕŉŜőŗŖ ŌőśŋŔŗśŝŚō ŎŗŚŕ Ůefųa ŎŗŚŕů ŉŖŌ Şőŉ ŜŐō īŗŕŘŉŖšÝś şōŊśőŜō ŉŜ şşşŴŉőŜŴŋŗŴŜŐ őŖ ŊŗŜŐ ļŐŉő ŉŖŌ ĭŖŏŔőśŐ ŔŉŖŏŝŉŏōś ŎŗŚ ŌőśśōŕőŖŉŜőŖŏ Ŝŗ ŜŐō őŖŞōśŜŗŚśŲ ŜŐō śŐŉŚōŐŗŔŌōŚś ŉŖŌ ŜŐō śŜŉœōŐŗŔŌōŚś ŉś ŌōŜōŚŕőŖōŌ Ŋš ŜŐō ŔŉşŲ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌ ŉŖŌ ŏōŖōŚŉŔ ŉŋŋŗŝŖŜőŖŏ śŜŉŖŌŉŚŌśŴ ĩŔŔ ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜś ŉŚō ŚōŞőōşōŌ ŉŖŌ ōŠŉŕőŖōŌ Ŋš ŜŐō īŗŕŘŉŖšÝś ŉŝŌőŜŗŚśŲ ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōōŲ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō ŉŖŌ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŴ 4.2 Disclosure of any interrelated transactions shall be disclosed in substantiated details for the shareholders. The őŖŎŗŚŕŉŜőŗŖ őŖŋŔŝŌōś ŜŐō ŘŚőŋőŖŏ ŘŗŔőŋš ŎŗŚ ŜŐō őŖŜōŚŚōŔŉŜōŌ ŜŚŉŖśŉŋŜőŗŖś őŖ ŉ ŋŉśō ŗŎ őŖŜōŚŚōŔŉŜōŌ ŜŚŉŌōŲ ŔōŖŌőŖŏ ŎŗŚ őŖŜōŚŚōŔŉŜōŌ ŊŝśőŖōśśōśŲ ŊŗŚŚŗşőŖŏś ŎŚŗŕ őŖŜōŚŚōŔŉŜōŌ ŊŝśőŖōśśŲ ŉŋŋŗŝŖŜś ŚōŋōőŞŉŊŔō ŉŖŌ ŘŉšŉŊŔō ŎŗŚ őŖŜōŚŚōŔŉŜōŌ ŊŝśőŖōśśōśŲ őŖŞōśŜŕōŖŜ őŖ őŖŜōŚŚōŔŉŜōŌ ŊŝśőŖōśśŲ ŏŝŉŚŉŖŜōōś ŉŖŌ ŋŗŔŔŉŜōŚŉŔś ŎŗŚ ŚōŔŉŜōŌ ŊŝśőŖōśśōśŴ ļŐőś őś Ŝŗ ŉŔŔŗş ŜŐō őŖŞōśŜŗŚś ŉŖŌ ŜŐō śŐŉŚōŐŗŔŌōŚś Ŝŗ ŉŋœŖŗşŔōŌŏō śŝŋŐ őŖŎŗŚŕŉŜőŗŖ şőŜŐ ŜŚŉŖśŘŉŚōŖŋšŴ ĽŖŌōŚ ŚōřŝőŚōŕōŖŜś ŗŖ ŜŐō őŖŜōŚŚōŔŉŜōŌ ŜŚŉŖśŉŋŜőŗŖśŲ şŐōŖ ŜŐō īŗŕŘŉŖš ŉŖŌ őŜś śŝŊśőŌőŉŚőōś ŐŉŞō őŖŜōŚŚōŔŉŜōŌ ŜŚŉŖśŉŋŜőŗŖś şőŜŐ ŉśśŗŋőŉŜōŌ ŋŗŕŘŉŖőōś ŗŚ ŚōŔŉŜōŌ ŘōŚśŗŖś őŖ ŜōŚŕś ŗŎ ŒŗőŖŜ ŊōŖōŎőŜśŲ ŜŐō Company and its subsidiaries are required to follow business conditions for the associated companies and persons on an arm’s length basis. If there is any interrelated transactions that falls under the conditions of the interrelated transactions of listed ŋŗŕŘŉŖőōś şőŜŐ őŜś śŝŊśőŌőŉŚőōś ŗŚ ŒŗőŖŜ ŞōŖŜŝŚōśŲ ŋŗŖŜŚŗŔŔőŖŏ ŘōŚśŗŖś ŗŚ ŕŉŖŉŏōŕōŖŜ ōŠōŋŝŜőŞōśŲ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś śŐŉŔŔ ŚōŞőōş ŉŖŌ ŘŚŗŋōōŌ ŗŖ ŜŐō ŘŚőŖŋőŘŔōśŲ ŘŚŗŋōŌŝŚōś ŉŖŌ ŌőśŋŔŗśŝŚō ŗŎ ŜŐō őŖŜōŚŚōŔŉŜōŌ ŜŚŉŖśŉŋŜőŗŖś ŉŋŋŗŚŌőŖŏ Ŝŗ ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖÝś ŚŝŔōś ŉŖŌ ŚōŏŝŔŉŜőŗŖśŲ ŉŖŌ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌŴ 104

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

dŴc ĭśŜŉŊŔőśŐ ŘŗŔőŋš Ŝŗ ŘŚōŞōŖŜ ŚōŔōŞŉŖŜ ōŠōŋŝŜőŞōś ŉŖŌ ōŕŘŔŗšōōś Ŝŗ ŕőśŝśō ŜŐō īŗŕŘŉŖšÝś őŖśőŌō őŖŎŗŚŕŉŜőŗŖ ŎŗŚ ŘōŚśŗŖŉŔ ŊōŖōŎőŜ ŗŚ ŗŜŐōŚśÝ ŉŌŞŉŖŜŉŏōś ŉŖŌ ōŖśŝŚō ōŠōŋŝŜőŞōś ŚōŘŗŚŜ ŜŐōőŚ śŐŉŚōŐŗŔŌőŖŏś ōŞōŚš Ŝőŕō ŜŐōŚō őś ŉ ŋŐŉŖŏō ŗŎ śŐŉŚōų ŐŗŔŌőŖŏ ŮĮŗŚŕ eiųbů Ŝŗ ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖ ŉŖŌ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌ ŋŗŕŘŔš şőŜŐ ŚōŏŝŔŉŜőŗŖśŴ ĸŚŗŜōŋŜőŗŖ ŗŎ őŖśőŌō őŖŎŗŚŕŉŜőŗŖ őś ŚōřŝőŚōŌ Ŋš ŔŉşŴ ļŐō īŗŕŘŉŖš ŘŗŔőŋš őś Ŝŗ ŉŌŐōŚō Ŝŗ śŜŚőŋŜ ŊŝśőŖōśś ōŜŐőŋśŲ őŖŜōŏŚőŜšŲ ŉŖŌ ŕŗŚŉŔőŜš őŖ ŗŚŌōŚ Ŝŗ ŚōŉśśŝŚō ŋŝśŜŗŕōŚśŲ ŜŚŉŌō ŘŉŚŜŖōŚśŲ őŖŞōśŜŗŚśŲ ŉŖŌ śŐŉŚōŐŗŔŌōŚśŴ ļŐō ŋŗŌōś ŗŎ ŋŗŖŌŝŋŜ ŉŚō śōŜ ŗŝŜ ŎŗŚ ŕŉŖŉŏōŕōŖŜ ōŠōŋŝŜőŞōś ŉŖŌ ōŕŘŔŗšōōś ŉŜ ŉŔŔ ŔōŞōŔś Ŝŗ ŎŗŔŔŗş őŖ ŗŚŌōŚ Ŝŗ ŘŚōŞōŖŜ ŌőśŋŔŗśŝŚō ŗŎ ŉŖš őŕŘŗŚŜŉŖŜ őŖŎŗŚŕŉŜőŗŖ ŗŚ access to sources of information without permission or improper intent. In the case that any employee is found breaching the ŚōŏŝŔŉŜőŗŖśŲ śŝŋŐ ōŕŘŔŗšōō śŐŉŔŔ Ŋō ŋŗŖśőŌōŚōŌ ŐŉŞőŖŏ ŕŉŌō ŉ śōŚőŗŝś şŚŗŖŏŌŗőŖŏ ŉŖŌ ŕŉš Ŋō ŘŝŖőśŐōŌ őŖ ŉŋŋŗŚŌŉŖŋō Ŝŗ ŜŐō regulations allowed. The Company has a policy and method in place for monitoring management in using its inside information for the individual benefits as follows: aŴ ĬőŚōŋŜŗŚśŲ ŕŉŖŉŏōŕōŖŜ ōŠōŋŝŜőŞōś ŉŖŌ ōŕŘŔŗšōōś ŗŎ ŜŐō īŗŕŘŉŖš śŐŉŔŔ ŉŜ ŉŔŔ Ŝőŕōś œōōŘ ŜŐō ŋŗŕŘŉŖšÝś śōŋŚōŜś and/or inside information confidential. bŴ ĬőŚōŋŜŗŚśŲ ŕŉŖŉŏōŕōŖŜ ōŠōŋŝŜőŞōś ŉŖŌ ōŕŘŔŗšōōś ŗŎ ŜŐō īŗŕŘŉŖš śŐŉŔŔ ŖŗŜ ŌőśŋŔŗśō ŉŖš őŖśőŌō őŖŎŗŚŕŉŜőŗŖ ŗŚ ōŠŘŔŗőŜ őŜ ŎŗŚ ŜŐōőŚ ŗşŖ ŊōŖōŎőŜś ŗŚ ŗŜŐōŚśÝ ŊōŖōŎőŜś őŖ ŉ ŌőŚōŋŜ ŗŚ őŖŌőŚōŋŜ şŉš ŉŖŌ şőŜŐ ŗŚ şőŜŐŗŝŜ ŎőŖŉŖŋőŉŔ ŊōŖōŎőŜŴ cŴ ĬőŚōŋŜŗŚśŲ ŕŉŖŉŏōŕōŖŜ ōŠōŋŝŜőŞōś ŉŖŌ ōŕŘŔŗšōōś ŗŎ ŜŐō īŗŕŘŉŖš śŐŉŔŔ ŖŗŜ ŜŚŉŌōŲ ŜŚŉŖśŎōŚŲ ŗŚ Řŉśś ŜŐō īŗŕŘŉŖšÝś śōŋŝŚőŜőōś ŉŖŌŵŗŚ őŖśőŌō őŖŎŗŚŕŉŜőŗŖ Ŝŗ ŉŖšŗŖō ŉŖŌ ŜŐőś őŖŋŔŝŌōś ŜŐōőŚ śŘŗŝśōśŲ ŋŐőŔŌŚōŖ ŉŖŌ ŚōŔŉŜōŌ persons. Those who infringe this clause are considered to have made a serious wrongdoing. dŴ ĭŌŝŋŉŜō ŌőŚōŋŜŗŚś ŉŖŌ ōŠōŋŝŜőŞōś ŗŖ ŜŐōőŚ ŌŝŜš Ŝŗ ŚōŘŗŚŜ ŜŐōőŚ śōŋŝŚőŜőōś ŐŗŔŌőŖŏś ŗŎ ŜŐōőŚ ŉŖŌ ŜŐōőŚ śŘŗŝśōś as well as their children and also to inform them of the penalty for wrongdoing under the Securities and ĭŠŋŐŉŖŏō ĩŋŜ ŗŎ aiib ŉŖŌ ŜŐō ŚōŏŝŔŉŜőŗŖś ŗŎ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌŴ eŴ ļŐō īŗŕŘŉŖš ōŠōŋŝŜőŞōś ŉŚō ŚōřŝőŚōŌ Ŝŗ ŚōŘŗŚŜ ŋŐŉŖŏōś őŖ śōŋŝŚőŜőōś ŐŗŔŌőŖŏś Ŝŗ ŜŐō ķŎŎőŋō ŗŎ ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖ ŝŖŌōŚ ĻōŋŜőŗŖ ei ŗŎ ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō ĩŋŜ ŗŎ aiib ŉŖŌ ŌōŔőŞōŚ ŉ ŋŗŘš of this report to the Company on the same day in which the report is sent to the Office of the Securities and ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖŴ fŴ ĬőśŋŔŗśō ŜŐō śōŋŝŚőŜőōś ŐŗŔŌőŖŏś ŗŎ ŋŗŕŘŉŖšÝś ŌőŚōŋŜŗŚś ŉŖŌ ōŠōŋŝŜőŞōś ŋŗŕŘŔōŜōŔš ŉŖŌ ŉŋŋŝŚŉŜōŔš őŖ ŜŐō ŉŖŖŝŉŔ ŚōŘŗŚŜ ŉś ŚōřŝőŚōŌ Ŋš ŜŐō ķŎŎőŋō ŗŎ ŜŐō ĻōŋŝŚőŜőōś ŉŖŌ ĭŠŋŐŉŖŏō īŗŕŕőśśőŗŖŴ gŴ ļŐō īŗŕŘŉŖš şőŔŔ śōŖŌ ŉ ŋőŚŋŝŔŉŚ Ŝŗ őŖŎŗŚŕ ōŠōŋŝŜőŞōś şŐŗ ŐŉŞō ŕŉŜōŚőŉŔ őŖśőŌō őŖŎŗŚŕŉŜőŗŖ ŜŐŉŜ ŕŉš ŉŎŎōŋŜ the securities pricing. They must suspend the trading of company shares before the announcement of financial statements or making such information public and shall not disclose such material information to any person. ıŖ ŉŌŌőŜőŗŖŲ Ŝŗ ōŖśŝŚō ŉŔŔ ōŕŘŔŗšōōś ŎŗŔŔŗş ŜŐō śŉŕō ŏŝőŌōŔőŖōś ŚōŏŉŚŌőŖŏ ŜŐō ŝśō ŗŎ őŖśőŌō őŖŎŗŚŕŉŜőŗŖŴ ļŐō īŗŕŘŉŖš has published this information in the employees’ manual.

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A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

5. The Committees Responsibilities 5.1 The Structure and Responsibilities of Committees ļŐō īŗŕŘŉŖš Őŉś ŎŗŝŚ Ůdů ŋŗŕŕőŜŜōōśĢ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŲ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōōŲ ŜŐō ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōōŲ ŉŖŌ ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōōŴ ļŐōśō ŋŗŕŕőŜŜōōś ŐŉŞō ŊōōŖ ŎŗŚŕōŌ őŖ ŗŚŌōŚ Ŝŗ ŘŚŗŞőŌō ŉ ŘŚŗŘōŚ assignment of duties and authority to provide for a clear direction and the most efficient Company operation. The Board of ĬőŚōŋŜŗŚś śŐŉŔŔ ŌōŜōŚŕőŖō ŜŐō ŋŗŚŘŗŚŉŜō ŏŗŉŔŲ ŉŖŌ ŌōŜōŚŕőŖō ŚŗŔōśŲ ŌŝŜš ŉŖŌ ŉŝŜŐŗŚőŜőōś ŎŗŚ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōōŲ ŜŐō ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōōŲ ŜŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōōŲ ŉŖŌ ŜŐō īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌŴ ļŐō ĭŠōŋŝŜőŞō īŗŕŕőŜŜōō śŐŉŔŔ śōŜ ŜŐō īŗŕŘŉŖš ŘŗŔőŋšŲ ŌőŚōŋŜőŗŖ ŉŖŌ śŜŚŉŜōŏš őŖ ŗŘōŚŉŜőŖŏ ŊŝśőŖōśś Ŝŗ ŉŋŐőōŞō ŜŐō ŋŗŚŘŗŚŉŜō ŏŗŉŔ śōŜ Ŋš ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŴ The Audit Committee shall review the Company’s operations to be compliant with the relevant laws. The Nomination and ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōō śŐŉŔŔ ŋŗŖśőŌōŚ ŜŐō ŚōŕŝŖōŚŉŜőŗŖ ŗŎ ŌőŚōŋŜŗŚśŲ ŉŔŔ śŝŊŋŗŕŕőŜŜōōśŲ ŘŚōśőŌōŖŜŲ ŗŚ ŉŖš ŘōŚśŗŖś ŉŘŘŗőŖŜōŌ Ŋš ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŴ ĩŌŌőŜőŗŖŉŔŔšŲ ŜŐō ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōō śŐŉŔŔ ŋŗŖśőŌōŚ ŋŗŕŘōŖśŉŜőŗŖ Řŉŋœŉŏōś ŎŗŚ ŜŐō īŗŕŘŉŖšÝś ŕŉŖŉŏōŕōŖŜ ŉŖŌ ōŕŘŔŗšōōś őŖ ŜōŚŕś ŗŎ ŊŗŖŝś ŉŖŌ ŉŖŖŝŉŔ śŉŔŉŚš őŖŋŚōŉśōśŲ ŉŖŌ ŜŐōŖ ŘŚŗŘŗśō ŜŐōśō ŉŜ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśÝ ŕōōŜőŖŏ ŎŗŚ ŉŘŘŚŗŞŉŔŴ ĮŝŚŜŐōŚŕŗŚō ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś śŐŉŔŔ śōŜ ŜŐō őŖŜōŚŖŉŔ ŋŗŖŜŚŗŔ śšśŜōŕśŲ őŖŜōŚŖŉŔ ŉŝŌőŜ ŌōŘŉŚŜŕōŖŜŲ ŉŖŌ ŜŐō ŕōŉśŝŚōś ŎŗŚ ōŎŎōŋŜőŞōŔš ŕŉŖŉŏőŖŏ ŚőśœŴ ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś śŐŉŔŔ ŉŔśŗ śōŜ ŗŝŜ ŉ ŕŗŖőŜŗŚőŖŏ ŘŔŉŖ and review the performance regularly at the Board of Directors’ meeting.

5.2 Balance of Power of Non-Executive Directors ĩŋŋŗŚŌőŖŏ Ŝŗ ŜŐō īŗŕŘŉŖšÝś ĺōŏŝŔŉŜőŗŖś ĶŗŴadŲ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś şőŔŔ ŋŗŕŘŚőśō ŗŎ ŉŜ ŔōŉśŜ ŎőŞō Ůeů ŌőŚōŋŜŗŚś şŐŗ Řŗśśōśś ōŠŘōŚőōŖŋō őŖ ŞŉŚőŗŝś ŎőōŔŌśŴ ĩś ŗŎ caŜŐ ĬōŋōŕŊōŚ b`aaŲ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŋŗŖśőśŜōŌ ŗŎ aa ŌőŚōŋŜŗŚśģ ŗŎ şŐőŋŐŲ ŎŗŝŚ Ůdů ŌőŚōŋŜŗŚś ŉŚō ōŠōŋŝŜőŞōś ŉŖŌ ŜŐō ŚōŕŉőŖőŖŏ śōŞōŖ Ůgů şōŚō ŖŗŖųōŠōŋŝŜőŞōśŴ ļŐōŚōŎŗŚō ōŠōŋŝŜőŞōś ŎŗŚŕ ŉŘŘŚŗŠőŕŉŜōŔš cf ŘōŚŋōŖŜ ŗŎ ŜŐō ŜŗŜŉŔ ŌőŚōŋŜŗŚśŴ ļŐō ŖŝŕŊōŚ ŗŎ őŖŌōŘōŖŌōŖŜ ŌőŚōŋŜŗŚś ŎŗŔŔŗşś ŜŐō ŘŚőŖŋőŘŔōś ŗŎ ŏŗŗŌ ŏŗŞōŚŖŉŖŋō śōŜ ŗŝŜ Ŋš ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌŴ ļŐō īŐŉőŚŕŉŖ ŗŎ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś őś ŖŗŜ ŉŖ őŖŌōŘōŖŌōŖŜ ŌőŚōŋŜŗŚŴ

5.3 Committee Meetings ĺōŕŝŖōŚŉŜőŗŖ śŐŉŔŔ Ŋō ŌōŜōŚŕőŖōŌ Ŋš ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŲ ŉŖŌ ŜŐōŖ ŘŚŗŘŗśōŌ Ŝŗ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏ ŎŗŚ ŉŘŘŚŗŞŉŔŴ ıŎ ŜŐō śŐŉŚōŐŗŔŌōŚś ŚōŞőōş ŜŐŉŜ ŜŐō ŘŚŗŘŗśōŌ ŚōŕŝŖōŚŉŜőŗŖ őś ŉŘŘŚŗŘŚőŉŜōŲ ŚōŏŉŚŌőŖŏ ŜŐō ŊōŖōŎőŜś ŎŗŚ ŌőŚōŋŜŗŚśŲ ŉŖŌ őś ŋŗŕŘŉŚŉŊŔō Ŝŗ ŜŐŉŜ ŘŉőŌ ŎŗŚ ŜŐŗśō őŖ ŜŐō śŉŕō őŖŌŝśŜŚšŲ ŜŐō ŕōōŜőŖŏ şőŔŔ ŏőŞō ŉŘŘŚŗŞŉŔŴ ļŐō īŗŕŘŉŖš Őŉś ŉ ŘŗŔőŋš Ŝŗ determine its directors’ remuneration level based on that paid for those in the same industry as incentives and appropriate for ŜŐōőŚ œŖŗşŔōŌŏōŲ ŋŉŘŉŊőŔőŜš ŉŖŌ ŚōśŘŗŖśőŊőŔőŜšŴ ļŐō ŌőŚōŋŜŗŚśÝ ŚōŕŝŖōŚŉŜőŗŖ b`aa ŉŘŘōŉŚś ŗŖ ŜŐō ŜŉŊŔō śŐŗşőŖŏ ŜŐō ŘŚőŖŋőŘŔōś ŉŖŌ śōŔōŋŜőŗŖ ŘŚŗŋōŌŝŚōś ŎŗŚ řŝŉŔőŎőōŌ ŘōŚśŗŖś Ŝŗ ŐŗŔŌ ŌőŚōŋŜŗŚ ŘŗśőŜőŗŖ ŉŖŌ ŐőŏŐųŔōŞōŔ ōŠōŋŝŜőŞōś ŉŖŌ ŜŐō śŋŚōōŖőŖŏ ŗŎ řŝŉŔőŎőōŌ ŘōŚśŗŖśŴ ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś śŐŉŔŔ ŚōŞőōşŲ śŋŚōōŖ ŉŖŌ śōŔōŋŜ řŝŉŔőŎőōŌ ŘōŚśŗŖś Ŝŗ ŉśśŝŕō ŜŐō ŌőŚōŋŜŗŚ ŘŗśőŜőŗŖś ŉŖŌ ŘŚŗŘŗśō ŜŐōŕ Ŝŗ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏ ŎŗŚ ŉŘŘŚŗŞŉŔŴ ļŐō ŌőŚōŋŜŗŚśÝ řŝŉŔőŎőŋŉŜőŗŖś őŖŋŔŝŌō ŚōŔōŞŉŖŜ œŖŗşŔōŌŏōŲ ŋŉŘŉŊőŔőŜš ŉŖŌ ōŠŘōŚőōŖŋōŴ ļŐō ĭŠōŋŝŜőŞō ĪŗŉŚŌ śŐŉŔŔ ŚōŞőōş ŉŖŌ śōŔōŋŜ ŜŐō řŝŉŔőŎőōŌ ŘōŚśŗŖś şőŜŐ ŋŗŖśőŌōŚŉŜőŗŖ Ŝŗ ŜŐō ŌōŜŉőŔś ŗŎ ŜŐōőŚ œŖŗşŔōŌŏōŲ ŋŉŘŉŊőŔőŜőōś ŉŖŌ ōŠŘōŚőōŖŋōŴ The Audit Committee shall be responsible for supervising and ensuring the accuracy of the financial śŜŉŜōŕōŖŜśÝ ŘŚōŘŉŚŉŜőŗŖ ŘŚŗŋōŌŝŚōś ŉŖŌ ōŎŎőŋőōŖŋš ŗŎ ŜŐō īŗŕŘŉŖšÝś őŖŜōŚŖŉŔ ŋŗŖŜŚŗŔ śšśŜōŕŴ ĪōśőŌōś ŜŐőśŲ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō has the duty to ensure the Company abides by the relevant laws. The Audit Committee’s duties and responsibilities are described in Item Management Structure.

106

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ıŖ b`aaŲ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō ŐŉŌ śőŠ Ůfů ŗŚŌőŖŉŚš ŕōōŜőŖŏś şőŜŐ ŜŐō ŎŗŔŔŗşőŖŏ ŉŜŜōŖŌŉŖŋō ŚōŋŗŚŌ ŎŗŚ ōŉŋŐ ŗŎ ŜŐō directors from 2009 to 2011: List of Directors 1. Mr. Chokechai Tanpoonsinthana 2. Mr. Pongtep Polanun 3. Mr. Sripop Sarasas

Number of Meetings 2009

2010

2011

5/5 5/5 4/5

4/4 4/4 4/4

5/6* 6/6* 6/6*

Ű ļŐō ĩŝŌőŜ īŗŕŕőŜŜōō ŕōōŜőŖŏś şōŚō ŐōŔŌ şŐōŚō ŗŖ ŜŐō ĵŉŖŉŏōŕōŖŜ ŌőŌ ŖŗŜ ŉŜŜōŖŌōŌ ŜŐō ŕōōŜőŖŏŴ ıŖ ŜŐŉŜ ŋŉśōŲ ŜŐō ĩŝŌőŜ īŗŕŕőŜŜōō ŚōŒōŋŜś to receive the remuneration fee.

ıŖ b`aaŲ ŜŐō ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōō ŐŉŌ ŜŐŚōō Ůců ŗŚŌőŖŉŚš ŕōōŜőŖŏś şőŜŐ ŜŐō ŎŗŔŔŗşőŖŏ ŉŜŜōŖŌŉŖŋō record for each of the directors from 2009 to 2011: List of Directors 1. Mr. Pongtep Polanun 2. Mr. Siripong Oontornpan ** cŴ ĵŚŴ ĳőŜŜőśŉœ ĻŗŘŋŐŗœŋŐŉő Ű ŰŰ 4. Mr. Suraporn Raktaprachit ** 5. Mr. Sripop Sarasas * ** fŴ ĵŚŴ īŐŗœōŋŐŉő ļŉŖŘŗŗŖśőŖŜŐŉŖŉ Ű gŴ ĵŚŴ ĳőŒŒŉ ĴŉŗŊŗŗŖŋŐŉő Ű Ű ŰŰ ***

Number of Meetings 2009

2010

2011

1/1 1/1 aŵb 1/1 2/2 aŵa aŵa

2/2 2/2 bŵb 2/2 2/2 ų ų

3/3*** 3/3*** cŵcŰŰŰ 3/3*** 3/3***

ļŐō ŎőŚśŜ śōŜ ŗŎ ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōō ĵōŕŊōŚś ŮŉŋŜőŞō ŝŖŜőŔ ĵŉŚŋŐ b``iů ļŐō śōŋŗŖŌ śōŜ ŗŎ ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōō ĵōŕŊōŚś ŮŉŋŜőŞō ŎŚŗŕ ĩŘŚőŔ b``iů The Nomination and Remuneration Committee meeting No. 2/2011 was a Special Agenda Meeting regarding a plan for the assistance of flood ŞőŋŜőŕśŴ ļŐŝśŲ ŜŐō ĶŗŕőŖŉŜőŗŖ ŉŖŌ ĺōŕŝŖōŚŉŜőŗŖ īŗŕŕőŜŜōō ŚōŒōŋŜś ŚōŋōőŞőŖŏ ŜŐō ŚōŕŝŖōŚŉŜőŗŖ ŎōōŴ

5.4 Board of Directors’ Meeting ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś śŐŉŔŔ ŕōōŜ ōŞōŚš řŝŉŚŜōŚ şőŜŐ ŉ ŘŚōųŌōŜōŚŕőŖōŌ śŋŐōŌŝŔō ŗŚ ŉ śŘōŋőŉŔ ŕōōŜőŖŏ ŕŉš Ŋō called by the Chairman as necessary. Each meeting shall comprise of more than 50 percent of total directors. A Board of ĬőŚōŋŜŗŚśÝ ŕōŕŊōŚ ŝŖŉŊŔō Ŝŗ ŉŜŜōŖŌ ŉ ŕōōŜőŖŏ śŐŉŔŔ őŖŎŗŚŕ ŜŐō īŗŕŘŉŖš ŉŘŘŚŗŠőŕŉŜōŔš ŗŖō Ŝŗ Ŝşŗ Ůaųbů Ōŉšś ŘŚőŗŚ Ŝŗ ŜŐŉŜ ŕōōŜőŖŏŴ ļŗ ŎŉŋőŔőŜŉŜō ŉŔŔ ŌőŚōŋŜŗŚś őŖ ŜŐō ŕōōŜőŖŏŲ ŜŐō īŗŕŘŉŖš ŗŚŏŉŖőŢōś ŜŐō ŕōōŜőŖŏ ŉŜ ŜŐō īŗŕŘŉŖšÝś ŐōŉŌ ŗŎŎőŋōŴ ļŐō ŕōōŜőŖŏ invitation letter includes a clear meeting agenda and supporting meeting documents which will be delivered to all directors at ŔōŉśŜ śōŞōŖ Ůgů Ōŉšś ŘŚőŗŚ Ŝŗ ŜŐō ŕōōŜőŖŏ ŎŗŚ ŜŐōőŚ őŖŎŗŚŕŉŜőŗŖ ŉŖŌ ŚōŞőōşģ ŐŗşōŞōŚ őŖ ŉ ŋŉśō ŗŎ ŝŚŏōŖŋš ŜŐőś ŕŉš ŖŗŜ ŉŔşŉšś be possible. These procedures allow all directors to study the meeting documents before the meeting. Each meeting will be recorded and the approved documents will be gathered for reference or future review or investigation.

107

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

The time assigned for a meeting will be allocated by the Chairman in order to allow enough time for review of the īŗŕŘŉŖšÝś ŘōŚŎŗŚŕŉŖŋō ŉŎŜōŚ ŜŐō ŉŝŌőŜŗŚÝś ŚōŞőōş ŗŚ ōŖŌŗŚśōŕōŖŜ ŗŎ ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśŲ ŉŖŌ ŜŐō ŌőŚōŋŜŗŚśÝ ŌőśŋŝśśőŗŖ ŉŖŌ comments to the management. All directors are independent in making any comments. ıŖ b`aaŲ ŜŐō īŗŕŘŉŖšÝś ŊŗŉŚŌ ŗŎ ŌőŚōŋŜŗŚś ŐŉŌ ŎőŞō Ůeů ŗŚŌőŖŉŚš ŕōōŜőŖŏś şőŜŐ ŜŐō ŎŗŔŔŗşőŖŏ ŉŜŜōŖŌŉŖŋō ŚōŋŗŚŌ ŎŗŚ ōŉŋŐ of the directors from 2009 to 2011: Number of Meetings List of Directors

Board Meetings

Shareholder Meeting

2009

2010

2011

1. Mr. Thana Chaiprasit

5/6

5/5

Attended

2. Mr. Chokechai Tanpoonsinthana

6/6

5/5

4/5

Attended

3. Mr. Pongtep Polanun

6/6

4/5

5/5

Attended

4. Mr. Siripong Oontornpan

6/6

4/5

5/5

Attended

eŴ ĵŚŴ ĳőŜŜőśŉœ ĻŗŘŋŐŗœŋŐŉő

fŵf

dŵe

eŵe

ĶŗŜ ĩŜŜōŖŌōŌ

6. Mr. Suraporn Raktaprachit

6/6

5/5

Attended

7. Mr. Sripop Sarasas

6/6

5/5

Attended

hŴ ĵŚŴ ĳőŒŒŉ ĴŉŗŊŗŗŖŋŐŉő

fŵf

dŵe

eŵe

ĩŜŜōŖŌōŌ

9. Mr. Chartchai Yenbamroong

5/6

4/5

3/5

Not Attended

10.Mr. Pisak Charudilaka

6/6

4/5

5/5

Attended

11.Mr. Chodiwat Duntanasarn

6/6

4/5

5/5

Attended

īŗŚŘŗŚŉŜō ĻōŋŚōŜŉŚšĢ ĵŚŴ ľŗŚŉŞőŜ ĿŉŜŜŉŖŉœŝŔŒŉŚŝś A total of 24 agenda items were proposed for review in 2011. The important agendas included review of the Comų ŘŉŖšÝś ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśŲ ŌōŜōŚŕőŖŉŜőŗŖ ŗŎ ŉŖŖŝŉŔ ŚōŕŝŖōŚŉŜőŗŖ ŎŗŚ ŜŐō īŗŕŘŉŖšÝś ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŲ ŌōŜōŚŕőŖŉŜőŗŖ ŗŎ ŉŖų ŖŝŉŔ ŚōŕŝŖōŚŉŜőŗŖ ŎŗŚ ŜŐō īŗŕŘŉŖšÝś ŉŝŌőŜŗŚśŲ ŉŘŘŚŗŘŚőŉŜőŗŖ ŗŎ ŔōŏŉŔ ŚōśōŚŞō ŉŖŌ ŉŔŔŗŋŉŜőŗŖ ŗŎ ŘŚŗŎőŜŲ ŌōŜōŚŕőŖŉŜőŗŖ ŗŎ ŌőŞőŌōŖŌ ŘŉšŕōŖŜŲ ŌōŜōŚŕőŖŉŜőŗŖ ŗŎ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏŲ ŌōŜōŚŕőŖŉŜőŗŖ ŗŎ ŜŐō Ŋŗŗœ ŋŔŗśőŖŏ ŌŉŜō ŎŗŚ ōŔőŏőŊőŔőŜš Ŝŗ ŉŜŜōŖŌ ŜŐō ĩŖŖŝŉŔ įōŖōŚŉŔ ĻŐŉŚōŐŗŔŌōŚś ĵōōŜőŖŏŲ ōŞŉŔŝŉŜőŗŖ ŗŎ ŜŐō śŝŊśŜŉŖŜőŉŜőŗŖ ŗŎ ŜŐō őŖŜōŚŖŉŔ ŋŗŖŜŚŗŔ śšśŜōŕ ŎŗŚ b``hŲ budget of 2010 and the determination of the Board of Directors’ meeting in 2010. The corporate secretary of the Company ŉŜŜōŖŌōŌ ŉŔŔ ŗŎ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśÝ ŕōōŜőŖŏśŲ Ŝŗŗœ ŜŐō ŕőŖŝŜōś ŗŎ ŕōōŜőŖŏśŲ ŘŚōŘŉŚōŌ ŌŗŋŝŕōŖŜś ŉŖŌ ŘŚŗŞőŌōŌ ŉŌŞőŋō ŗŖ the related laws and regulations. The minutes of the meetings covered all the important data related to each agenda item and őŖŋŔŝŌōŌ ŉ ŌōŜŉőŔōŌ ōŠŘŔŉŖŉŜőŗŖ ŎŚŗŕ ŜŐō ŕŉŖŉŏōŕōŖŜ Ŝōŉŕ ŉś şōŔŔ ŉś ŋŗŕŕōŖŜś ŕŉŌō Ŋš ōŉŋŐ ŌőŚōŋŜŗŚģ ōŉŋŐ őŜōŕ ŉŏōŖŌŉ was resolved with a unanimous vote from the Board of Directors. All documents were retained systematically.

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5.5 Self Evaluation of the Board of Directors The aim of the self evaluation of the Board of Directors is in having results available in which to improve its performance. The Board of Directors’ Meeting No. 5/2011 dated 16th December 2011 approved the self evaluation form and ŉśśőŏŖōŌ ŜŐō ĪŗŉŚŌ ŗŎ ŜŐō ĬőŚōŋŜŗŚś Ŝŗ ŘōŚŎŗŚŕ ŉ śōŔŎ ōŞŉŔŝŉŜőŗŖ ŗŎ b`a` ŎŗŚ śőŠ Ůfů ŜŗŘőŋśĢ őŜś śŜŚŝŋŜŝŚō ŉŖŌ řŝŉŔőŎőŋŉŜőŗŖŲ őŜś ŚŗŔōśŲ ŌŝŜőōś ŉŖŌ ŚōśŘŗŖśőŊőŔőŜšŲ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśÝ ĵōōŜőŖŏŲ ŜŐō ĬőŚōŋŜŗŚśÝ ĸōŚŎŗŚŕŉŖŋōŲ őŜś ŚōŔŉŜőŗŖśŐőŘ şőŜŐ ŜŐō ŕŉŖŉŏōŕōŖŜŲ ŉŖŌ śōŔŎ ŌōŞōŔŗŘŕōŖŜ ŗŎ ŜŐō ĬőŚōŋŜŗŚś ŉŖŌ ŜŐō ĭŠōŋŝŜőŞō ĬōŞōŔŗŘŕōŖŜŴ ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś ŋŗŖŌŝŋŜōŌ őŜś śōŔŎ ōŞŉŔŝŉŜőŗŖ with the average score of ‘Good’.

5.6 Remuneration The 2011 Annual General Shareholders Meeting determined the directors’ remuneration level is based on that ŘŉőŌ ŎŗŚ ŜŐŗśō őŖ ŜŐō śŉŕō őŖŌŝśŜŚš ŉŖŌ şőŜŐ ŜŐō śŉŕō ŚōśŘŗŖśőŊőŔőŜőōśŴ ļŐō ŌőŚōŋŜŗŚś ŉŚō ŘŉőŌ ŜŐō ŕōōŜőŖŏųŉŜŜōŖŌōŌ ŎōōŴ ļŐō ĩŝŌőŜ īŗŕŕőŜŜōōÝś ĬőŚōŋŜŗŚś ŉŚō ŘŉőŌ ŜŐō ŕōōŜőŖŏųŉŜŜōŖŌōŌ Ŏōōś ŉś ŜŐōőŚ ŚōŕŝŖōŚŉŜőŗŖŴ ļŐō śŝŊŋŗŕŕőŜŜōōśÝ ŌőŚōŋŜŗŚś ŉŚō ŘŉőŌ ŜŐō ŕōōŜőŖŏųŉŜŜōŖŌōŌ ŎōōśŴ ļŐō ŚōŕŝŖōŚŉŜőŗŖ ŌōŜŉőŔś ŉŚō ŌōśŋŚőŊōŌ őŖ ŜŐō ŜŉŊŔō śŐŗşőŖŏ ŜŗŜŉŔ ŚōŕŝŖōŚŉŜőŗŖ ŗŎ ŜŐō īŗŕŘŉŖšÝś ŌőŚōŋŜŗŚś őŖ ıŜōŕ ĶŗŴhŴd ĺōŕŝŖōŚŉŜőŗŖ ŗŎ ĭŠōŋŝŜőŞōśŴ

5.7 New Directors The Board of Directors shall conduct an orientation for new directors to acknowledge the Company’s business polių ŋőōśŲ Ŕŉşś ŉŖŌ ŚōŏŝŔŉŜőŗŖśŴ ıŜ śŐŉŔŔ ŐŉŖŌ ŗŞōŚ ŉ ŌőŚōŋŜŗŚÝś ŕŉŖŝŉŔ Ŝŗ ōŉŋŐ Ŗōş ŌőŚōŋŜŗŚŴ ıŖ b`aaŲ ŜŐōŚō şōŚō Ŗŗ Ŗōş ŌőŚōŋŜŗŚśŴ

Employees’ Ethics A Code of Ethics for Employees has been disseminated to all employees. The use and practice of the Code of Ethics is supervised and promoted across the Company to ensure that all stakeholders are treated and protected according to their fundamental rights.

All Employees shall abide by the following Code of Ethics: ŉů ĩŊőŌō Ŋš ŜŐō Ŕŉşś ŗŎ ŉŖš ŉŖŌ ŉŔŔ ŋŗŝŖŜŚőōś őŖ şŐőŋŐ ŜŐōš ŘŚŉŋŜőŋōŲ ŉŖŌ ŋŗŖŎŗŚŕ Ŝŗ ŜŐō īŗŕŘŉŖšÝś ĺŝŔōś ŉŖŌ Regulations Ŋů ĪŝőŔŌ ŜŚŝśŜŎŝŔ ŚōŔŉŜőŗŖśŐőŘś ŊōŜşōōŖ ŜŐō īŗŕŘŉŖš ŉŖŌ ŚōŏŝŔŉŜŗŚš ŉŝŜŐŗŚőŜőōś ŋů ĸŚŗŞőŌō śōŚŞőŋōś şőŜŐ őŖŜōŏŚőŜšŲ ŜŚŉŖśŘŉŚōŖŋšŲ ŉŖŌ ŘŚŗŎōśśőŗŖŉŔŔš Ŝŗ ōŖśŝŚō ŜŐŉŜ ŋŝśŜŗŕōŚś ŚōŋōőŞō ŜŐō īŗŕŘŉŖšÝś śōŚŞőŋōś ŉŜ őŜś ŐőŏŐ śŜŉŖŌŉŚŌ ŗŎ œŖŗşŔōŌŏōŲ ōŠŘōŚŜőśōŲ ŉŖŌ ŎŉőŚŖōśś Ōů ĳōōŘ ŋŗŖŎőŌōŖŜőŉŔőŜš ŗŎ ŜŐō ŋŝśŜŗŕōŚśŲ ŜŚŉŌō ŘŉŚŜŖōŚś ŉŖŌ ŗŜŐōŚ ŗŚŏŉŖőŢŉŜőŗŖś ōů Ĭŗ ŖŗŜ ŝśō őŖśőŌōŚ őŖŎŗŚŕŉŜőŗŖ ŎŗŚ ŘōŚśŗŖŉŔ ŊōŖōŎőŜ Ŏů Ĭŗ ŖŗŜ ŏŉŕŊŔō ŏů Ĭŗ ŖŗŜ ŐŉŞō ŉŖš ŋŗŖŎŔőŋŜś ŗŎ őŖŜōŚōśŜ ŉŖŌ Ōŗ ŖŗŜ ŉŜŜōŕŘŜ Ŝŗ ŊōŖōŎőŜ ŜŐōŕśōŔŞōś şŐōŖ ŋŗŖŌŝŋŜőŖŏ ŊŝśőŖōśś şőŜŐ ŉ customer Őů ĺōŎŚŉőŖ ŎŚŗŕ ŉŋŋōŘŜőŖŏ ŏőŎŜś ŗŚ ŗŜŐōŚ œőŖŌś ŗŎ ŊōŖōŎőŜś şőŜŐ ŐőŏŐ ŞŉŔŝō ŘŉŚŜőŋŝŔŉŚŔš şŐōŖ őŜÝś ŗŎŎ ŜŐō śōŉśŗŖ ŉŋŋŗŚŌőŖŏ to the country’ customs őů ĺōŎŚŉőŖ ŎŚŗŕ ŏőŞőŖŏ ŗŚ ŉŋŋōŘŜőŖŏ ŊŚőŊōś ŗŚ ŉŖš ŗŜŐōŚ ŕŗŜőŞŉŜőŗŖŲ ŉŖŌ Ōŗ ŖŗŜ ŉśœ ŗŜŐōŚś Ŝŗ ŏőŞō ŗŚ ŉŋŋōŘŜ ŊŚőŊōś ŗŖ their own behalf

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A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ıŎ ŉŖš ōŕŘŔŗšōō őŖŎŚőŖŏōś ŜŐō īŗŌō ŗŎ ĭŜŐőŋśŲ Őō ŗŚ śŐō śŐŉŔŔ Ŋō ŘōŖŉŔőŢōŌ ŉŋŋŗŚŌőŖŏ Ŝŗ ŚōŏŝŔŉŜőŗŖśŴ ļŐō īŗŕŘŉŖš ōśų tablished these codes of conduct for employees to abide by strictly and without deviation. All employees will adhere to a code of personal integrity. ĩŌŌőŜőŗŖŉŔŔšŲ ŉŖš śŜŉœōŐŗŔŌōŚ őś ŘōŚŕőŜŜōŌ Ŝŗ ŋŗŕŕŝŖőŋŉŜō şőŜŐ ŉŖŌ őŖŎŗŚŕ ŜŐō īŗŕŘŉŖšÝś ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś őŎ ŜŐōš ŔōŉŚŖ ŗŎ ŉŖš őŖśŜŉŖŋōś ŗŎ ŗŋŋŝŚŚōŖŋōś őŖŋŔŝŌőŖŏŲ ŊŝŜ ŖŗŜ ŔőŕőŜōŌ ŜŗŲ őŔŔőŋőŜŖōśśŲ ŉŋŋŝŚŉŋš ŗŎ ŎőŖŉŖŋőŉŔ śŜŉŜōŕōŖŜśŲ ŎŔŉşś őŖ ŜŐō őŖŜōŚŖŉŔ control system or infringement against the Company’s codes of conduct. The Company provides a contact telephone number of the Company’s Board of Directors through the corporate website at www.ait.co.th.

Respect of Human Rights and Fair Labor Treatment The Company stresses its attention on the value and respect of human rights. The Company considers this the basic ŎŗŝŖŌŉŜőŗŖ ŗŎ ŐŝŕŉŖ ŚōśŗŝŚŋō ŌōŞōŔŗŘŕōŖŜ ŉŖŌ ŗŎ şŐőŋŐ śŜŚŗŖŏŔš ŚōŔŉŜōś Ŝŗ ŋŚōŉŜőŖŏ ŞŉŔŝō őŖ ŗŝŚ ŊŝśőŖōśśŴ ıŖ ŎŉŋŜŲ şō ŋŗŖśőŌōŚ ŗŝŚ ŐŝŕŉŖ ŚōśŗŝŚŋōś ŉś ŗŖō ŗŎ ŜŐō œōš ŎŉŋŜŗŚś őŖ őŖŋŚōŉśőŖŏ ŊŝśőŖōśś ŞŉŔŝō ŉŖŌ ŘŚŗŌŝŋŜőŞőŜšŴ ļŐōŚōŎŗŚō ŜŐō īŗŕŘŉŖš şőŔŔŲ ŉŜ ŉŔŔ ŜőŕōśŲ Ŕŗŗœ Ŝŗ ŘŚŗŞőŌō ŉ ŏŗŗŌ şŗŚœőŖŏ ōŖŞőŚŗŖŕōŖŜ ŉŖŌ ŋŗŖŌőŜőŗŖś ŎŗŚ ŉŔŔ őŜś ōŕŘŔŗšōōśŴ ļŐőś őś őŖ ŗŚŌōŚ Ŝŗ ŏőŞō ŉ ŏŗŗŌ řŝŉŔőŜš ŗŎ şŗŚœőŖŏ ŔőŎōŲ ŉŖŌ ŉŜ ŜŐō śŉŕō Ŝőŕō ŘŚŗŞőŌőŖŏ ŗŘŘŗŚŜŝŖőŜőōś ŎŗŚ ŗŝŚ ōŕŘŔŗšōōś Ŝŗ ŌōŕŗŖśŜŚŉŜō ŜŐōőŚ ŉŊőŔőŜőōśŲ ŜŗŏōŜŐōŚ şőŜŐ ŜŚŉőŖőŖŏ ŘŚŗŏŚŉŕś Ŝŗ ŎŝŚŜŐōŚ őŖŋŚōŉśō ŜŐōőŚ śœőŔŔ ŔōŞōŔśŴ ļŗ ŉŋŐőōŞō ŜŐőśŲ ŗŝŚ īŗŕŘŉŖš Ŏŗŋŝśōś ŗŖ ŜŐō ŎŗŔŔŗşőŖŏ ŘŚŉŋŜőŋōśĢ 1. To encourage and support employees to respect in human rights protection. Also to regularly monitor our business to ensure no violation of any human rights. 2. To encourage employees to a monitor and so ensure that our operations comply with the human rights regulations within the Company. Also to provide a working system that focuses on proper working and safety conditions with the regulations set by the Company. 4. To develop employees by providing training programs and promotions in order to increase their skills and abilities. 5. To provide fair working conditions and suitable remuneration to all employees. 6. To provide correct petition procedures to any employee who considers that they were treated unfairly. gŴ ļŗ ŘŚŗŞőŌō ŎŗŚ ŜŐō ŘŚŗŘōŚ şōŔŎŉŚō ŗŎ ŉŔŔ ōŕŘŔŗšōōś őŖ ŕŉŜŜōŚś śŝŋŐ ŉś ŉŖŖŝŉŔ ŔōŉŞōŲ ŗŞōŚŜőŕō ŘŉšŕōŖŜ ŉŖŌ Ŋŉśőŋ ŖŝŚśőŖŏ ŋŉŚōŲ ŎŗŚ ōŠŉŕŘŔōŲ ŉś ŖōōŌōŌŴ 8. To encourage employees to balance their working and personal lives; to apply sufficiency economic philosophies in their lives; to help to ‘give back’ to society; and to do good things in accordance with the dharma principles of Buddhism. 9. To disclose necessary Company financial information to our employees in order to provide a clear understanding of our business situation. a`Ŵ ļŗ ŚōśŘōŋŜ ŗŝŚ ōŕŘŔŗšōōÝś ōŠŘŚōśśőŗŖ ŗŎ ŗŘőŖőŗŖŲ őŖŋŔŝŌőŖŏ ŜŐō ŎŚōōŌŗŕ ŗŎ ōŠŘŚōśśőŗŖ şőŜŐŗŝŜ őŖŜōŚŎōŚōŖŋōŲ accessibility to information and opinion through the Media; and the accessibility to communication channels so that they may freely listen to other interesting person’s voices and opinions.

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Environmental Care ķŝŚ ŋŗŚō ŊŝśőŖōśś Ōŗōś ŖŗŜ ŐŉŞō ŉŖš ŌőŚōŋŜ őŕŘŉŋŜ ŗŖ ŜŐō ōŖŞőŚŗŖŕōŖŜŴ ķŖ ŜŐō ŋŗŖŜŚŉŚšŲ ŗŝŚ ŊŝśőŖōśś ŕŉš ŉŋŜŝŉŔŔš ŐōŔŘ Ŝŗ ŚōŌŝŋō ŜŐō ŝśŉŏō ŗŎ ŖŉŜŝŚŉŔ ŚōśŗŝŚŋōśŴ ĶŗŜşőŜŐśŜŉŖŌőŖŏ ŜŐőśŲ ŗŝŚ īŗŕŘŉŖš ŚōŉŔőŢōś ŜŐŉŜ ōŖŞőŚŗŖŕōŖŜŉŔ ŘŚŗŜōŋŜőŗŖ Ōŗōś ŖŗŜ ŗŖŔš ŊōŔŗŖŏ Ŝŗ ŜŐō ŋŚōŉŜŗŚ ŗŎ ŉŖš ōŖŞőŚŗŖŕōŖŜŉŔ ŘŚŗŊŔōŕŲ ŖŗŚ śŐŗŝŔŌ őŜ ŒŝśŜ Ŋō ŜŐō ŚōśŘŗŖśőŊőŔőŜš ŗŎ ŗŝŚ ĵőŖőśŜŚš ŗŎ ĶŉŜŝŚŉŔ ĺōų sources and Environment. Our Company firmly believes that everyone in our society is responsible for the world’s environmental ŘŚŗŊŔōŕśŴ ıŖ ŔőŖō şőŜŐ ŜŐőśŲ ŜŐō īŗŕŘŉŖš Őŉś ŉŌŗŘŜōŌ ŜŐō ŎŗŔŔŗşőŖŏ ŋŗŌōś ŗŎ ŘŚŉŋŜőŋō őŖ ŚōŏŉŚŌś Ŝŗ ōŖŞőŚŗŖŕōŖŜŉŔ ŋŗŖśōŚŞŉŜőŗŖĢ aŴ ļŗ Ŏŗŋŝś ŗŖ ŜŐō ōŎŎōŋŜőŞō ŉŖŌ ŋŗŖśőŌōŚŉŜō ŝśō ŗŎ ŗŝŚ ŚōśŗŝŚŋōś Ŋš ŉŘŘŔšőŖŏ ŉ īŗŕŘŉŖšųşőŌō ōŖōŚŏš śŉŞőŖŏ ŘŗŔőŋš ŉŖŌ Ŝŗ ŚōŋšŋŔőŖŏ ŚōśŗŝŚŋōś şŐōŖōŞōŚ ŘŗśśőŊŔōŴ ĻŝŋŐ ŉŋŜőŞőŜőōś őŖŋŔŝŌō ŎŗŚ ōŠŉŕŘŔōĢ ŜŝŚŖőŖŏ ŗŎŎ ōŔōŋŜŚőŋőŜš ŉŖŌ şŉŜōŚ śŝŘŘŔőōś şŐōŖ ŜŐōš ŉŚō ŖŗŜ ŖōōŌōŌŲ ŉŖŌ ŚōŋšŋŔőŖŏ ŝśōŌ ŘŉŘōŚ ŜŐŚŗŝŏŐŗŝŜ ŗŝŚ ŗŎŎőŋōśŴ bŴ īŚōŉŜőŖŏ ŉŖŌ ōŖŋŗŝŚŉŏőŖŏ ōŖŞőŚŗŖŕōŖŜŉŔ ŉşŉŚōŖōśś őŖ ŗŝŚ ōŕŘŔŗšōōśŴ ıŖ ŚōŋōŖŜ ŋŗŕŘŉŖš ŗŝŜőŖŏś ŎŗŚ ōŠŉŕŘŔōŲ we have included activities such as the restoration and planting of Mangrove forests in our outings schedule.

ķŖ bb ĩŘŚőŔ b`aaŲ ĩıļ ōŕŘŔŗšōōś şŗŚœōŌ to replant a Mangrove Forest at Samut Sakorn.

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A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

Environmental and Social Report ļŐō īŗŕŘŉŖš ŚōŉŔőŢōŌ ŜŐŉŜ őŜś śŝŋŋōśś Ōŗōś ŖŗŜ ŗŖŔš ŌōŚőŞō ŎŚŗŕ őŜś ŉŊőŔőŜš őŖ ŏōŖōŚŉŜőŖŏ ŘŚŗŎőŜŲ ŗŘōŚŉŜőŖŏ ŏŚŗşŜŐ ŉŖŌ ŜŐōŚōŎŗŚō ŘŚŗŌŝŋőŖŏ ōŠŋōŔŔōŖŜ ŎőŖŉŖŋőŉŔ ŎőŏŝŚōśģ ŊŝŜ ŜŐŉŜ őŜś śŝŋŋōśś ŉŔśŗ őŖŋŔŝŌōś őŜĢ ŊōőŖŏ ŉ ŏŗŗŌ ŉŖŌ ŘŗśőŜőŞō ŚŗŔō ŕŗŌōŔ őŖ society; operating our business with good governance; and taking part to support less fortunate communities and to help them to develop and grow and to become more self supporting. In fact we believe that a solid social foundation is perhaps the most őŕŘŗŚŜŉŖŜ śŝśŜŉőŖŉŊŔō ŏŚŗşŜŐ ŎŉŋŜŗŚ őŖ şŐőŋŐ şō śŐŗŝŔŌ ŉŔŔ ŘŉŚŜőŋőŘŉŜōŴ İōŖŋōŲ ŗŝŚ ŋŗŚŘŗŚŉŜō ŗŊŒōŋŜőŞō őś ŜŐŉŜ şō ŕŝśŜ ŗŘōŚŉŜō ŗŝŚ ŊŝśőŖōśś śŝŋŋōśśŎŝŔŔšŲ ŊŝŜ Ŝŗ Ōŗ śŗ ŋŗŖŋŝŚŚōŖŜŔš şőŜŐ ŉ ŋŔōŉŚ śŗŋőŉŔ ŚōśŘŗŖśőŊőŔőŜšŲ ŉŖŌ ŘŉŚŜőŋőŘŉŜőŗŖŲ őŖ ŐōŔŘőŖŏ Ŝŗ ŌōŞōŔŗŘ both our community and our environment. ıŖ ŜŐō ŘŉśŜ šōŉŚģ ŗŝŚ īŗŕŘŉŖš ŋŉŚŚőōŌ ŗŝŜ ŕŉŖš śŗŋőŉŔ ŉŖŌ ōŖŞőŚŗŖŕōŖŜŉŔ ŉŋŜőŞőŜőōś ŗŞōŚ śōŞōŚŉŔ ŉŚōŉśŲ ŉś ŌōŜŉőŔōŌ őŖ the table below. Table showing a Summary of AIT Social and Environmental Activities in 2011: No

Activities

Place

Amount

ĬŗŖŉŜőŗŖ Ŝŗ ŐōŔŘ ļśŝŖŉŕő ŞőŋŜőŕś őŖ ĲŉŘŉŖ

ļľ ŘŚŗŏŚŉŕ ŮĺŝōŖŏ Ĵŉŗ īŐŉŗ Ķōōů

a``Ų``` ĪŉŐŜ

ĬŗŖŉŜőŗŖ Ŝŗ ŐōŔŘ ŎŔŗŗŌ ŞőŋŜőŕś őŖ śŗŝŜŐōŚŖ provinces of Thailand

ļľ ŘŚŗŏŚŉŕ ŮĺŝōŖŏ Ĵŉŗ īŐŉŗ Ķōōů

a``Ų``` ĪŉŐŜ

ĬŗŖŉŜőŗŖ Ŝŗ ļŐŉőųīŉŕŊŗŌőŉŖ ŚōŎŝŏōōś

ĺōŎŝŏōōś īōŖŜōŚŲ ŉŜ ĻŚőśŉœŉŜō

c`Ų``` ĪŉŐŜ

ĬŗŖŉŜőŗŖ Ŝŗ ŎŔŗŗŌ ŞőŋŜőŕś őŖ ŋōŖŜŚŉŔ ļŐŉőŔŉŖŌ ŘŚŗŞőŖŋōś

ļľ ŘŚŗŏŚŉŕ ŮĺŝōŖŏ Ĵŉŗ īŐŉŗ Ķōōů

a``Ų``` ĪŉŐŜ

ĬŗŖŉŜőŗŖ Ŝŗ ŎŔŗŗŌ ŞőŋŜőŕś

īŉŘőŜŉŔ ĵŉŚœōŜ ĩŋŉŌōŕš

a``Ų``` ĪŉŐŜ

ĬŗŖŉŜőŗŖ Ŝŗ ļŉŔŉŌŐŗŗŖ Śŉŝŕ Œŉő ŋŐŝŉš Řŉő Ŗŝŕ Ŝŝŉŕ ĮŝŖŌ

ļŐŉő ŔőśŜōŌ īŗŕŘŉŖőōś ĩśśŗŋőŉŜőŗŖ

c``Ų``` ĪŉŐŜ

ĬŗŖŉŜőŗŖ ŉŖŌ ŘŉŋœőŖŏ ŌőśŉśŜōŚ ŚōŔőōŎ Řŉŋœŉŏōś

ļŐŉŕŕŉśŉŜ ĽŖőŞōŚśőŜš ĮŔŗŗŌ ĺōŔőōŎ īōŖŜōŚ

a``Ų``` ĪŉŐŜ

īŗŕŘŉŖš ıŖŜōŚŖŉŔ

d``Ų``` ĪŉŐŜ

ĳőŖŏ ĵŗŖŏœŝŜÝ ś ĽŖőŞōŚśőŜš ŗŎ Technology Thonburi

a``Ų``` ĪŉŐŜ

ĳŉŊőŖŊŝŚőŲ ĸŚŉŋŐőŖŊŝŚő

ĶŗŜ ĬōŜōŚŕőŖōŌ

Assistance to our employees who suffered losses

őŖ ŜŐō b`aa ŎŔŗŗŌ ōŕōŚŏōŖŋšŴ ıŖ ŘŉŚŜőŋŝŔŉŚŲ őŖ ŜōŚŕś ŗŎ ŘŉšőŖŏ ŚōŖŜŲ ŘŚŗŞőŌőŖŏ ōśśōŖŜőŉŔ őŜōŕś and offering boat loan services in the flooded communities.

įőŞőŖŏ śŋŐŗŔŉŚśŐőŘ ŉŖŌ ŚōśōŉŚŋŐ ŎŝŖŌś Ŝŗ śŜŝŌōŖŜś

a`Ŵ ĬŗŖŉŜőŗŖ ŗŎ őŜōŕś Ŝŗ śŜŝŌōŖŜś ŗŎ ĪŉŖœŉōŖŏ ĻŋŐŗŗŔ

112

ĭĻļıĵĩļĭĬ ļķļĩĴ

ķŞōŚ aŲcc`Ų``` ĪŉŐŜ

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

AIT in its Social and Environmental Responsibility Activities in 2011

ļŐō ŋŗŕŘŉŖš ŌŗŖŉŜōŌ a``Ų``` ĪŉŐŜ Ŝŗ ŐōŔŘ ļśŝŖŉŕő ŞőŋŜőŕś őŖ ĲŉŘŉŖ ŜŐŚŗŝŏŐ ļľ ŘŚŗŏŚŉŕ ŮĺŝōŖŏ Ĵŉŗ īŐŉŗ Ķōōů ŉŜ ĵŉŔōōŖŗŖ Tower.

ļŐō ŋŗŕŘŉŖš ŌŗŖŉŜōŌ a``Ų``` ĪŉŐŜ Ŝŗ ŐōŔŘ ŎŔŗŗŌ ŞőŋŜőŕś őŖ ŜŐō southern provinces of Thailand through TV program (Rueng Lao īŐŉŗ Ķōōů ŉŜ ĵŉŔōōŖŗŖ ļŗşōŚŴ

ļŐō ŋŗŕŘŉŖš ŌŗŖŉŜōŌ a``Ų``` ĪŉŐŜ Ŝŗ ŐōŔŘ ŎŔŗŗŌ ŞőŋŜőŕś őŖ the middle of Thailand provinces through TV program (Rueng Lao īŐŉŗ Ķōōů ŉŜ ĵŉŔōōŖŗŖ ļŗşōŚŴ

ļŐō īŗŕŘŉŖš ŌŗŖŉŜōŌ c``Ų``` ĪŉŐŜ Ŝŗ ŜŐō ßļŉŔŉŌŐŗŗŖ Śŉŝŕ Œŉő ŋŐŝŉš Řŉő Ŗŝŕ Ŝŝŉŕ ĮŝŖŌà ŗŚŏŉŖőŢōŌ Ŋš ļŐŉő ŔőśŜōŌ ŋŗŕŘŉŖőōś ŉśśŗŋőŉŜőŗŖŲ ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌŴ

AIT’s employees packed 500 disaster relief packages and delivered to Thammasat University Flood Relief Center

The company has assisted any employee who suffered losses from ŜŐō b`aa ŎŔŗŗŌś ŮōŕōŚŏōŖŋš ŘŔŉŖů ŘŉŚŜőŋŝŔŉŚŔš őŖ ŜōŚŕś ŗŎ ŘŉšőŖŏ ŚōŖŜŲ ŘŚŗŞőŌőŖŏ ōśśōŖŜőŉŔ őŜōŕś ŉŖŌ ŗŎŎōŚőŖŏ ŊŗŉŜ ŔŗŉŖ śōŚŞőŋōś őŖ the flooded communities. 113

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ĵśŴ ĶōŜŖŉŘőŜ ķŗŖŜŗŚŖŘŉŖŲ ĭŠōŋŝŜőŞō ĻōŖőŗŚ ľőŋō ĸŚōśőŌōŖŜ īŗŚŘŗŚŉŜō ŉŎŎŉőŚś ŉś ŜŐō ŋŗŕŘŉŖšÝś ŚōŘŚōśōŖŜŉŜőŞōŲ ŏŉŞō ŜŐō śŋŐŗŔŉŚśŐőŘ ŉŖŌ ŚōśōŉŚŋŐ Ŝŗ ĳőŖŏ ĵŗŖŏœŝŜÝ ś ĽŖőŞōŚśőŜš ŗŎ ļōŋŐŖŗŔŗŏš ļŐŗŖŊŝŚő last February.

Our dedicated employees donated items to the students at ĪŉŖœŉōŖŏ ĻŋŐŗŗŔŲ ĳŉŊőŖŊŝŚőŲ ĸŚŉŋŐőŖŊŝŚőŴ

The Company made a donation of disaster relief packages to ŎŔŗŗŌ ŞőŋŜőŕś ŉŜ ĺŉŜŜŉŖŉŜŐőŊōŜŐ ľőŔŔŉŏōŲ ĶŗŖŜŐŉŊŝŚőŴ

114

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Relationship with Investors ļŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚś Őŉś ŘŔŉŋōŌ ŉ ŏŚōŉŜ ōŕŘŐŉśőś ŗŖ ŜŐō ŉŋŋŝŚŉŋšŲ ŋŗŕŘŔōŜōŖōśśŲ ŜŚŉŖśŘŉŚōŖŋš ŉŖŌ şőŌōŔš ŌőśŋŔŗśōŌ şŐōŖ ŚōŘŗŚŜ ŜŐō ŎőŖŉŖŋőŉŔ ŉŖŌ ŏōŖōŚŉŔ őŖŎŗŚŕŉŜőŗŖŲ őŖŋŔŝŌőŖŏ ŉŖš ŕŉŜōŚőŉŔ őŖŎŗŚŕŉŜőŗŖ ŜŐŉŜ ŕŉš ŉŎŎōŋŜ ŜŐō īŗŕŘŉŖšÝś śŐŉŚō ŘŚőŋōŴ ĶŗŚŕŉŔŔšŲ ŜŐō ŌőśŋŔŗśŝŚō ŗŎ őŖŎŗŚŕŉŜőŗŖ Ŝŗ őŖŞōśŜŗŚś ŉŖŌ ŚōŔōŞŉŖŜ ŘŉŚŜőōś şőŔŔ Ŋō ŌŗŖō ŜŐŚŗŝŏŐ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌÝś channel and published media. The Company has also set up a particular division to take care of the disclosure of information Ŝŗ śŐŉŚōŐŗŔŌōŚśŲ ŉŖŉŔšśŜśŲ ŉŖŌ ŗŜŐōŚ ŚōŔŉŜōŌ őŖśŜőŜŝŜőŗŖśŴ ļŐō īŗŕŘŉŖš ŗŘōŖś ŞŉŚőŗŝś ŋŗŕŕŝŖőŋŉŜőŗŖ ŋŐŉŖŖōŔś Ŝŗ ŐōŔŘ śŐŉŚōŐŗŔŌōŚś ŉŖŌ őŖŞōśŜŗŚś śŜŉš őŖŎŗŚŕōŌ ŗŎ ŉŖš ŝŘųŜŗų ŌŉŜō ŖōşśŲ aŴ ĿōŊśőŜōĢ ŐŜŜŘĢŵŵşşşŴŉőŜŴŋŗŴŜŐ ļŐō īŗŕŘŉŖš Őŉś ŘŚŗŞőŌōŌ őŕŘŗŚŜŉŖŜ őŖŎŗŚŕŉŜőŗŖ ŗŖ ŜŐō şōŊśőŜōŲ őŖŋŔŝŌőŖŏ ŔőśŜ ŗŎ ŜŐō ĪŗŉŚŌ ŗŎ ĬőŚōŋŜŗŚśŲ śŐŉŚō ŘŚőŋōŲ ŉŖŖŝŉŔ ŚōŘŗŚŜŲ ŉŖŌ ŗŜŐōŚ őŖŎŗŚŕŉŜőŗŖ ŎŗŚ śŐŉŚōŐŗŔŌōŚś śŝŋŐ ŉś ŔőśŜ ŗŎ ŕŉŒŗŚ śŐŉŚōŐŗŔŌōŚśŲ śŐŉŚōŐŗŔŌōŚśÝ ŕōōŜőŖŏ and dividend policy. Shareholders and investors are also free to ask any questions or queries about AIT by filling in the required form on the Company’s website. bŴ ļōŔĢ űffŮ`ůbbgeųid`` cŴ ōŕŉőŔĢ őŚĨŉőŜŴŋŗŴŜŐ dŴ ĹŝŉŚŜōŚŔš ŉŜŜōŖŌőŖŏ ßķŘŘŗŚŜŝŖőŜš Ĭŉšà ŉŜ ŜŐō ĻŜŗŋœ ĭŠŋŐŉŖŏō ŗŎ ļŐŉőŔŉŖŌŴ ļŐőś ōŞōŖŜ őś ŎŗŚ őŖŞōśŜŗŚś şŐŗ ŉŚō őŖŜōŚōśŜōŌ őŖ ŗŝŚ ŋŗŕŘŉŖšŲ ŉŖŌ şőŔŔ ŐŉŞō ŉ ŋŐŉŖŋō Ŝŗ ŕōōŜ ŗŝŚ īĭķ ŘŚōśōŖŜőŖŏ ŜŐō ŋŗŕŘŉŖšÝś ŌőŚōŋŜőŗŖśŴ

115

A n n u a l R e p o r t 2 0 1 1 ä ĩŌŞŉŖŋōŌ ıŖŎŗŚŕŉŜőŗŖ ļōŋŐŖŗŔŗŏš ĸŝŊŔőŋ īŗŕŘŉŖš ĴőŕőŜōŌ

ä Notes

116

THE ICT SOLUTION

"+<19 E5K /:! č5<!'5+čD) 9L!D F!F-*= Q: 9 ()3: !) cgŵb !!2@ <2:+/<!< 9* E / 2:)E2!!5 D 3Ċ/* /: +@ D &7 a`cb` F +09& č `ųbbgeųid`` F +2:+ `ųbbgeųia``Ų `ųbbgeųib``

ADVANCED INFORMATION TECHNOLOGY PUBLIC COMPANY LIMITED cgŵb ĻŝŜŐőśŉŚŖŞőŖőŒŋŐŉő ĺŌŴŲ ĻŉŕśōŉŖŖŗœŲ İŝŉšœşŉŖŏ a`cb` F +09& č `ųbbgeųid`` F +2:+ `ųbbgeųia``Ų `ųbbgeųib``

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