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Contents  â&#x20AC;&#x153;â&#x2C6;&#x161;â&#x2C6;Ťâ&#x20AC;&#x201D;â&#x2030;
Good Morning in Amata Industrial Estates
A Î? Message from the Chairman
AOU !"A!Î? OÎ?$ %O& Î?I( OU ) *+* Thailands/ Economic and Industrial Performance in 55
+
O( & $ & U I Business Structure
8
9 :;<=!" I Corporate Governance
A
:< Management
BB
CÎ? D=$; I Executive Officers Data
B*
9Î? Î?D=$HIO U$Î?%O&D=$; I JKLENIL %OPÎ? IO"<"&QÎ? ) *+* Number of Shares held by Executive in 55
BU
C A V & :Î? Related Transaction
BA
X :C( E KLC& Risk Factor
5
( ;(U CQÎ? Internal Control
5
(9O I; C!"A IE( A [\ Î?A E&IÎ? Explanation and analysis of financial
B
O( & $ &O&([ Organization Chart
C& Î?%O&D=$ O;;:^_K :;OÎ?U^ Auditor/s Report
aa
&; E&IÎ? Financial Statements
a+
%$O ="J: L b General Information
8+
(Pictures from top: Road in front of BMW Manufacturing Plant, Amata City Water reservoir in Amata City Water reservoir in Amata Nakorn)
1
Message from the Chairman “√®“°ª√–∏“π°√√¡°“√
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2
I am pleased to report to the Shareholders that Amata Corporation had an excellent year in 2002. Amata has reported a consolidated profit of 895.51 Million Baht, or Baht 4.20 per share for the year 2002. Total consolidated revenue of 2,292.89 Million Baht is from sales at Amata Nakorn, Chonburi and Amata City Rayong in Thailand, and at Amata City Bien Hoa, Vietnam, an increase of 78.64 % from our reported 2001 revenue. We look forward to 2003 with enthusiasm and vigor! Thailand is now a preferred destination for multinational manufacturing in Southeast Asia. Thailand offers a central geographic location, provides investors with a stable environment and personal safety, as well as a welcoming culture. The Thai work force has demonstrated an eagerness to learn new technologies and manufacturing methods, and is highly productive. The Eastern Seaboard area continues to be the investor’s destination of choice in Thailand. Amata is well positioned in the Eastern Seaboard with its prime locations at Amata Nakorn in Chonburi Province and Amata City in Rayong Province. These Amata locations provide ideal industrial sites to investors seeking to manufacture for domestic or export markets. The Suvarnabhumi International Airport will bring a new class of “air cargo” manufacturer to Amata Nakorn. Amata is recognized as Thailand’s“Quality” industrial estate company, offering the best industrial locations, the highest quality industrial estate infrastructure and utilities, and unmatched, personalized customer services for our clients.
We have an ambitious Amata 2003 business plan for the coming year. Highlights of our objectives are: ● Offering our clients a variety of sites, facilities and services to meet their specific investment needs ...“tailor made”. ● “Going for the Gold ”, with a new focused marketing outreach strategy. ● Promoting an “E ” culture in all Amata units. ● Continuing our quest to build the “Perfect City ”. ● Promoting the Amata values of Service, Quality, Success and Happiness. ● Creating a seamless new client service system to assist with all construction issues for a successful new factory “Cutting the Ribbon”! Finally, I am optimistic and upbeat about Amata’s prospects in 2003. I believe Thailand has a competitive advantage as a destination for foreign investment with Thailand’s investor friendly policies. Foreign investment means jobs and skill training, technology transfer and income. Jobs and income allow workers to manage and improve their lives. That is true development and Amata is proud to be a part of this process.
Police General Chavalit Yodmani Chairman
3
Thailandsâ&#x20AC;&#x2122; Economic and Industrial Performance in 2002 E I AOU
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For 2002 as a whole, the Thai economy grew satisfactorily amid uncertain global environment. Private spending, both for consumption and investment, served as key driver of growth while export recovery, which began in the second quarter and subsequently became even more evident, helped to strengthen the process of economic expansion by offsetting the deceleration in public spending during the second half of the fiscal year. Economic stability remained strong, both internally and externally, throughout 2002. Core inflation remained stable and low, while employment conditions improved steadily. The current account registered a high surplus for the whole year; international reserves significantly rose; and the stock of external debt continued to decline. (Source: Bank of Thailand, Press Release January 31, 2003)
! " #$Î? &'Î?I( OU A ) ! * b V
Sales of Industrial Land 1999 - 2002 Rai
2,500
2,500 2,264
2,264
2,000
2,000 1,848
1,509
1,500
1,000
1,848
1,509
1,500
1,000
893
893
758
758 713
713
523
523
500
500 232
232
0
0 1999
2000
2001
2002
1999
NIPÎ?JKL% C %O& AEJe NIPÎ?JKL% C O( & Î?I( OU O AÎ?( !"AO A kI KP
CE U x! <& % CNIPÎ?JKLÎ?I( OU :P&! V ) *+ z *+*d NIPÎ?JKL% C J:&P AEJeE fÎ? : E"%NIÎ?P JK%L C%O&O( & QÎ?E% V&E I "&JUÎ?E% Bzad QÎ? ) *+* O A (O [ OE _:Î? K V Î?!;V& " < V $OC"A a8
2000
2001
Total Land Sales Thailand Total Land Sales Amata Nakorn and Amata City
Remarks: Above chart shows the sales of industrial land from 1999 - 2002. Total sales of Thailand are the totaling number of all land sales in BOI Investment zones 1 - 3. In the year 2002, Amata Corporation held a market share of over 38%.
CB Richard Ellis Company Limited AE !" #$ 4
2002
(Source: CB Richard Ellis Co., Ltd., Thailand)
Working towards
Quality Tailor Made With the vision ahead to create “The Perfect City” within our Industrial Estates, Amata is keen to work on maintenance and continuous improvements of utilities, infrastructure and services to add value the industrial estates for the happiness and success of our customers. The team behind Amata, at front and back stage, is dedicated and motivated to provide clients a difference to respond to individual needs and requirements. Amata’s team responds within 7-24-365 in order to match schedules of existing customers and new investors.
Amata subsidiary and affiliated companies are
By the end of 2002,
managing the supply of utilities such as Power, Steam,
Amata is home to over 274 global Multi
Natural Gas, Water and Waste Water and are provid-
Nationals such as BMW, Daikin, Sony Mobile,
ing services such as Facility Service, Catering, and
Mead Johnson, Pepsi, Jotun, Bridgestone,
Residential etc.
Denso, Siam Toyota, Mitsubishi Electric, Colgate Palmolive, Triumph etc. and many other Multi National and Thai companies; with a working population of approx. 45,000.
(Picture: Amata Power plant, Amata Nakorn)
(Picture: BMW Manufacturing (Thailand) Co., Ltd., Amata City)
5
Amata Partner for
Quality Education Amata is dedicated to exceed the common infrastructure of industrial estates with additional services. A contribution to adjacent local community and to Thai people, Amata has donated land within its industrial estates for educational and training institutes such as the TGI, Y.W.C.A., Satit Kaset Lab School, Suankularb Wittayalai School. Further, Amata has set up a business unit specially taking care to attract additional educational, recreational and servicing projects.
In the Thai-German Institute, approx. 2000 trainees were trained in short and long-term courses throughout the year 2002 1.
The new facility of Satit Kaset Laboratory School, just
The projectâ&#x20AC;&#x2122;s closest International School is
opened early 2003, offers multilingual education for
just 3 km from Amata City, the International School
approx. 1,200 pupils, grade 1 - 12 2.
Eastern Seaboard enrolls students from
Suankularb Wittayalai Primary and Secondary School, approx. 450 pupils3.
prekindergarten (3 and 4 year old students) through grade 12,
American curriculum. Atpresent, over 300
students from around the world are frequenting ISE*.
(Pictures from top: Thai - German Institute TGI, Amata Nakorn A classroom at the Suankularb Wittalayai Secondary school, Amata City)
(Sources: 1 Thai-German Institute; 2 Satit Kaset; 3Amata City; *ISE)
6
(Picture: computer courses taught at the International School of Eastern Seaboard)
Creating a
Quality Working and Living Environment Amata Group realizes on the importance of natural resources consumption including environmental impact and continues keeping environmental conditions of the project and nearby public under the company’s commitment as the following items: ● Strict implementation of environmental law & regulation ● Preventive measures to avoid the escalation of problems ● Implementation of total wastewater recycling ● Efficient and economic use of power and natural resources Stimulate employees’ attitude to “green & clean” (Source: Summary, of The Environmental Policy of Year 2002, Vikrom Kromadit)
For the customers convenience, the Amata Industrial Estates include facilities such as serviced apartment, restaurants, day clinic, labor condominium, gasoline station, commercial area, green and recreational areas with outdoor pool, driving range, health club etc.
(Pictures from top: Amata Bird Park, Amata Nakorn Laem Chabang Country Club, 3 km from Amata City)
Both industrial estates Amata Nakorn and Amata City are ISO 14001 certified. Over one fourth of the projects’ areas are used as green area. (Picture: Amata Mansion, serviced apartment for short/ long term lease)
7
Business Structure â&#x20AC;&#x161;§â&#x2C6;&#x161;Ă&#x; â&#x2C6;&#x161;ââ&#x20AC;&#x153;Ă&#x;â&#x2C6;?Ăżâ&#x2C6;&#x161;°â&#x20AC;&#x2DC;ÂŽ ; d O A (O [ OE _:Î? hE "KLCÎ?_ILO ; d ; & A & OIÎ?<: E KC" [( E ILO :Î?JKL Ba IHUÎ? CÎ? *+ai b<$ :< :P&%OPÎ?QÎ? ) *a !"A E fÎ?; Ig:J <JAE;KCÎ?QÎ? " < ": J :NC[QÎ? ) *+5 ; Ig:Jl ; Ig:JCVOC !"A ; Ig:J V
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Amata Corporation Public Company Limited (name changed from Bang Pakong Industrial Park 2 PCL. June 13, 2000), was established in 1989 and listed on the Stock Exchange of Thailand (SET) in 1997. The companyâ&#x20AC;&#x2122;s subsidiary companies manage the development and maintenance of our quality industrial estates, infrastructure and services, in joint partnership with the Industrial Estates Authority of Thailand (IEAT). In Thailand, the company operates two industrial estates, Amata Nakorn (Amata Corporation PCL.) in BOI Investment Zone 2, just 57 km from Bangkok in the Eastern Seaboard, and Amata City (Amata City Co., Ltd.), in BOI Investment Zone 3. In Vietnam, the subsidiary company Amata (Vietnam) Co., Ltd. operates Amata City (Bien Hoa). Amata Corporation PCL. subsidiary companies can be categorized as follows:
â&#x2014;? Industrial group
â&#x2014;? Infrastructure and utilities â&#x2014;? Commercial area and Accommodation
Shareholder structure of Amata Group of Companies:
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On April 23, 2002, Amata City Co., Ltd. co-invested with Fully Hong Kong Limited to establish Ching Shiang Amata Chemical Industry (Thailand) Co., Ltd. for the production and import/export of the chemical substances potassium, sulfate and hydrochloric acid. On November 29, 2002, Amata Corporation PCL. set up Amata Facility Service Co., Ltd. for the management and maintenance of its common properties and for the provision of diversified facility services to Amata customers.
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1.0 INTRODUCTION (Code 1) Amata Corporation Public Company Limited operates in accordance with the outlined principles of the Stock Exchange of Thailand (SET) on the implementation and improvement of internal processes and operational procedures to comply with and to exceed principles of good corporate governance (Code 1-15). As described hereunder, Amata has worked and is continuing to work on the active and practical execution of these policies to demonstrate excellence incorporated under Thai Law.
2.0 ABOUT AMATA Our #1 Goal: Introduction of the Balanced Scorecard Management System to ensure that Amata continues to provide a range of quality services to investors at Amataâ&#x20AC;&#x2122;s World-Class Industrial Estates Our vision: Quality development and management of Amata Industrial Estates, resulting in the success and happiness of our clients, earning Amata Industrial Estates a reputation as the â&#x20AC;&#x153;Perfect Cityâ&#x20AC;? of Industrial Estates. Our mission : Adding Value Every Day Our 3 Qs
: Quality Locations, Quality Infrastructure, Quality Service
3.0 CODE OF ETHICS (Code 7) The management and executives are dedicated to carry out assigned responsibilities in a professional and fair manner. The company believes in ethical standards and carries out business objectives with uncompromising integrity and honesty. We are responsive to customersâ&#x20AC;&#x2122; and partnersâ&#x20AC;&#x2122; needs, and to economic and social changes with a proactive mindset. Business decisions and actions comply with all applicable laws and regulations. Good behavior demonstrates good citizenship.
4.0 DEFINITION OF STAKEHOLDERS (Code 3) Amata has three distinct groups of stakeholders: 1. Clients directly or indirectly affiliated with Amataâ&#x20AC;&#x2122;s core business, the development and management of industrial estates:
9
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O A!"A"= ($ E s C%O&O AJKL 9":&eO g ( E fÎ?b b<$%O& O( & QÎ? $ &O && Î?QÎ?Î?I( O A â&#x20AC;˘ U$Î? V Î?!"AD=$ :;E D=$Q $; I JKLE KLC EÎ?ILO& :; A O; I OU QÎ?Î?I( OU k&OL J:&P Q ;$ I c= O ( !"AO( & $ &NIPÎ?\ Î? â&#x20AC;˘
d "UV JKLE KLC %$O& :; " < ": J :NC[! V& AEJebJC kOL& CHO& â&#x20AC;˘ D=$HIO U$Î?%O&O AkOL&kIPO % C U$Î?DV Î? " < ": J :NC[! V& AEJebJC â&#x20AC;˘ " < ": J :NC[! V& AEJebJC !"A 9Î?: & Î?(cA 9 :; ": J :NC[!"A " < ": J :NC[kOL&(OC<=!"!"AQ $(9!Î?AÎ?9! V O AQÎ?E ILO& V &o JKLE KLC %$O& â&#x20AC;˘ H ;:Î?J & E&IÎ? kOL&E fÎ?D=$ IE( A [!"A AE IÎ?D" Â&#x20AC;I;: I& Î? %O&; Ig:J V &o QÎ? " < ": J :NC[ â&#x20AC;˘ Î?: "&JUÎ?JKL AkIPO U$Î? ad "UV JKLE fÎ? V Î? A O;%O&O A O:Î? A O;<$ C â&#x20AC;˘ Î? C $ & "= $ & D=$ :< : Î?$ & Î? kOL& Â I;: I& Î?QÎ?! V"A :Î? !"A V &!DÎ? "CUJ [QÎ?%O;E% %O& Â CbJC â&#x20AC;˘ ;U((" CÎ?O JKEL %$ Q ($ 9 O g !Î?AÎ?9J &<$ Î? U I !"AQ ; $ I <$ Î? V &o ENILOQ $; Ig:J| ; "UD" =& U<QÎ? <9EÎ?IÎ? <$ Î? U I
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10
â&#x20AC;˘ Local or overseas investors that have established a manufacturing or production base within Amata Industrial Estates.
â&#x20AC;˘ The Thai government and international governments related to foreign direct investment; agencies and third parties meeting with Amata or Amataâ&#x20AC;&#x2122;s potential clients during the feasibility study process of a project.
â&#x20AC;˘ Partners and contractors providing customer support services, including infrastructure and utilities at Amata Industrial Estates. 2. Clients involved with Amata Corporation Public Company Limited through its listing on the Stock Exchange of Thailand :
â&#x20AC;˘ Shareholders who have purchased stock in Amata Corporation Public Company Limited.
â&#x20AC;˘ SET authorities involved in governing and monitoring Amataâ&#x20AC;&#x2122;s listing on the SET.
â&#x20AC;˘ Financial security firms and finance companies that rate and evaluate the companyâ&#x20AC;&#x2122;s performance on the SET.
â&#x20AC;˘ Potential shareholders. 3. Clients that are part of Amata Corporation PCL.
â&#x20AC;˘ Employer, employees, managers, supervisors executing and performing the day to day operations and strategic planning of Amata, governed under the Thai labor law.
â&#x20AC;˘ Third parties providing business advice and consultancy services to help Amata achieve the highest business and performance results.
5.0 INFORMATION FLOW: The Company protects the confidentiality of clients and partners by ensuring that all information relating to client business affairs remains confidential unless prior consent has been given. The company has set in place measures and regulations to avoid misuse of information and documents. The Thailand Securities Depository Co., Ltd. has been appointed to provide monthly lists of shareholders. Illegal, inappropriate or unethical use of information, or abuse of authority, shall result in penalties, according to the companyâ&#x20AC;&#x2122;s regulations. Internal information flow will be facilitated by a continuous move towards an â&#x20AC;&#x153;e-cultureâ&#x20AC;?, which creates efficiencies in time and resources.
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6.0 THE MANAGEMENT 6.1 Organization: The company management structure consists of three committees: the Board of Directors, the Executive Committee and the Audit Committee.
6.2 Committee Responsibilities (Code 5 & 6): Board of Directors: Each Director clearly understands the companyâ&#x20AC;&#x2122;s vision, strategy and objectives, and uses his time and knowledge to help the company achieve those objectives. It is part of the responsibility of a Director to oversee the companyâ&#x20AC;&#x2122;s operation; to faithfully conduct business in compliance with the articles of association and the resolutions of shareholders into favorable circumstances; and to implement and supervise company policies in compliance with all laws. The Directors must understand their objectives and responsibilities, and the roles of the Executive Board and Audit Committee. Whenever requested, the Director must disclose true, detailed documents to shareholders or the general public. The Board of Directors has agreed to a summary of Best Practices applicable for the company. The Board of Directors has assigned a team of executives to manage the internal audit. Executive Board: Each Member of the Executive Board carries out as-
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signed duties in a professional and honest manner. Their re-
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Audit Committee (Code 13):
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": Â C A Î?(cA O;E fÎ?D=$ O;%$O =" E;IPO& $Î?ENILOJKL AJ9E fÎ? C& Î? A 9 ) VOb Î?O Î?:PÎ?(cA O; A Â I;: I& Î? JKLb<$ :; O; C (cA ; Ig:J ; Ig:J Ab V! V& :P&(cAOÎ?U Q<o Î?O E Î?IO (cA
sponsibilities are to purchase raw land and other assets not over 10 million baht, register the transfer of landownership, land rentals and mortgages, and open new bank accounts.
The Audit Committee is responsible for reporting correct, sufficient and accurate financial information to the Board of Directors, ensuring that the company has adequate and effective internal control systems in place to ensure compliance with all relevant laws and regulations, and to consider the appointment and remuneration of auditors. The Chairman of the Audit Committee shall review prepared documents for disclosure in the annual report. As assigned, the Audit Committee has to carry out other duties as specified by the Board of Directors.
11
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(cA ; Ig:J K A_U OCV &Î?$OC + ( :P& VO ) O<C! $& E fÎ?" C": gc[O: g "V & Î?$ OCV &Î?$OC B5 :Î? EO JKLE KLC %$O& :; A_U A $O& V&Q $(cA "V & Î?$ OCV &Î?$OC U :Î? H$ b V K cK E V&<V Î? E"% Î?U ; IgJ: E fÎ?D=<$ 9EÎ?IÎ? Q $ A_U E fÎ?b OCV & ; IÎ?L !"AE KC U C& Î? ":& A_U CQÎ? B+ :Î? A_U D=$HIO U$Î? y ; Ig:J A :<Q $ K A_U D=$HIO U$Î?OCV & Î?$OC )"A( :P& O<C! $& :Î?!"AE " "V & Î?$ OCV &Î?$OC a5 :Î? N $O :; : %$O A_U C"AEOKC< : %$O A_U A $O& V&Q $D=$HIO U$Î?"V & Î?$ QÎ?E " ENKC&NOJKL ANI c :< IÎ?JKL A Î?:; Î?UÎ? IOO $!C$&b<$ O<C E"% Î?U ; Ig:JE fÎ?D=$ A Î?& Î?!"A<9EÎ?IÎ? <:& "V
The Company does not appoint any sub-committees other than the audit committee, but can set up such working teams as a Production Sub-Committee, an Improvement SubCommittee and a Finance Sub-Committee to consider all matters before submitting conclusions to the Board of Directors for final decisions. (Code 12)
6.3
Board Meetings (Code 4 & 11) Members of the Board of Directors meet at least four
times within a calendar year. The date is to be announced in written form at least 10 days in advance. Meeting-related documents must be sent to Directors at least seven days in advance, except in emergency cases. The companyâ&#x20AC;&#x2122;s Secretary is to ensure a smooth organization of the Board of Directorâ&#x20AC;&#x2122;s activities. He or she shall prepare the meeting minutes within 14 days after the meeting. The company must schedule at least one shareholderâ&#x20AC;&#x2122;s meeting a year. The meetingâ&#x20AC;&#x2122;s date and time must be announced 30 days in advance, while the meeting agenda shall be available at the same time in soft or hard copy. The meeting agenda must provide an appropriate amount of time for shareholders to raise concerns or comments. The companyâ&#x20AC;&#x2122;s secretary shall be responsible for the coordination of all relevant actions to ensure the above takes place (Code 2 & 4).
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D=H$ OI Î?U$ O<C(A!Î?Î?E KC& a QÎ? + %O& 9Î? Î?D=H$ OI Î?U$ kO&L A_U !"A K JI I OO E KC& !"A K U$Î?Î?:; :Î?b<$b VÎ?$OC V OL& Î?OL&%O& 9Î? Î? U$Î?JKLHIO O<CD=$HIO U$Î?JKL A_U !"A K IJ IOO E KC& QÎ? cKJ KV 9! Î?V& V &"&EN AE UOÎ?IL Î?O HO&( OO AQ $(cA E"IO ;U(("Q<;U((" Î?OL&kOL& K(Uc ;: I JKL Â&#x20AC; C 9 Î?<E%$ E fÎ? !JÎ?QÎ? A_U (cA ( H:<b E $Î?! V A%O& AE "IOÎ?$OC V O&E<IOÎ? ;U(("kO&L E%$ E fÎ? !JÎ?<:& "V AOC=QV Î? 9! Î?V& b<$ENKC&EJV AJKCL &: E "IOOC=V%O& JKL Î?!JÎ? I%O& <:& "V Î?KP $O& A O; <$ C(A!Î?Î?E KC&b V L9 V a QÎ? + %O& 9Î? Î? JKLC:&E "IOOC=V V Î? cKJKL N$Î? 9! Î?V& A IOb V j ! V& :P&
12
6.4
Information Transparency Each Director, especially each Independent Director, has
the right to ask for access to any document that relates to an item on any meeting agenda or to individual responsibilities.
6.5
Appointment of Directors A general meeting shall set the number of directors. Di-
rectors may be withdrawn with the consensus of those present at the general shareholder meeting. In order to achieve consensus, at least 3/4 the number of shareholders must be present at the meeting and have the right to vote. In addition, the number of shares must not be less than half the number of shares present and eligible to be cast. If a directorship is or becomes vacant for any reason, except term expiration, the committee can select any qualified candidate at the next meeting, provided the term is not longer than two months. The selected director has his or her own term equal to the term of the director whom he or she replaces or represents. The consensus must be at least 3/4 of the remaining directors.
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If the term of any director expires for any reason, or if it is decided at the general shareholdersâ&#x20AC;&#x2122; meeting to appoint a new director, shareholders must consider and abide by the following regulations: 1. Each shareholder has only one vote per one share 2. Each shareholder must use all his or her votes (shares) as stipulated in clause I to elect one candidate per vacancy to become a director. In addition, he or she shall not split his or her voting right between or among candidates for a single directorship. 3. The person elected to be the director must have the highest tally. In case of ties, the Chairman shall cast the deciding vote.
6.6 INCOME STRUCTURE Refer to Note 26 to the Financial Statements on page 81 which presents the financial data categorized by the various business units it may be seen that revenue from sales and infrastructure-which represent the Company and its subsidiariesâ&#x20AC;&#x2122; core income-in 2002 reached 2,229.83 million baht. The principal share of revenue (82.55% of total revenue) was contributed by the real estate development business; overseas income flows represented only a 6.05% share; while revenues from water production accounted for 8.65%.
6.7 REMUNERATION FOR DIRECTOR AND EXECUTIVE (Code 10)
Î?OC; CQÎ?<$ Î?(V O;!JÎ?%O& A $O&b<$ :; OÎ?U : I JKL A_U %O&D=$HIO U$Î? !"AE I<EDCQÎ? C& Î? A 9 )
Remuneration for Directors
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meeting, which is disclosed in the Annual Report.
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The Company policy on remuneration of Directors requires the seeking of approval from the Shareholdersâ&#x20AC;&#x2122;
Remuneration for Executives The Board of Directors stipulates policy and standards for the remuneration of the Executives, which is related to performance of the Company and each executive. The Directors and the working group in the management team will consider performance and approve executive remuneration. Cash benefit (a) 13 total directorsâ&#x20AC;&#x2122; remuneration
998,000.00 baht
(Meeting Allowance, Executive Benefit) (b) Total directors and executives remuneration (Executivesâ&#x20AC;&#x2122; Provident Fund)
29,726,217.00 baht 1,524,026.65 baht
13
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; Ig:J| b<$ O; C!"AQ $O9Î? :; Î?V C& Î?NIEegJKL AE fÎ? : !JÎ?%O&; Ig:J|QÎ? I< VOÎ?: "&JUÎ? Î?: IE( A [ U$Î?!"A Î?V C& Î? J:L b IO Î?V C& Î?%O& :\; " ;U(("JKL :;DI<_O;QÎ?E ILO&Î?KP A $O&E%$ Q Î?OC; C!"A IC %O&; Ig:J| OCV &_:<E Î?
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z <9EÎ?IÎ? %O&(cAOÎ?U :; U& A IJ I NQ $"U"V & z <9EÎ?IÎ?& Î? !DÎ? "CUJ [QÎ? A;; ; I !;;Q V (IO Balanced Scorecard z ) *+m CHO& )! V& t(Uc Nu QÎ? U I JU <$ Î?%O&O A
6.8 Investor Relations Unit (Code 15) The company has authorized a special unit to represent the company in communications with institutional and individual investors, stock analysts and general or state agencies. The responsible persons clearly understand the company policies and code of ethics.
6.9 Company Goals for 2003 (Code 5) * Implementation of new strategic management system, the Balanced Scorecard. * Focus on quality of delivery of all services, across the board. * Introduction of company improvement committee to monitor implementation of enhanced services
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A =" <Ig\[ A ="CO< cK ITOCHU MANAGEMENT hTHAILANDi COdl LTDd Î? C Î?I Î?NO ;<K HSBC hSINGAPOREi PTE LTDd ; Ig:J U&EJN A :Î? :C 9 :<h _Î?i A ="N Î?I__K A A ="O cNÎ?I_ STATE STREET BANK AND TRUST COMPANY Î? C IÎ? E KC OU<
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- ) Î? p
No. of Shares
%Share Holding
m*lam+la5 Bml*+Bl a+ B5l555l555 Ul*mAl585 *l*8al555 al+a*la55 l*A+la 5 l +Ul555 l B*lU55 l585l555
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6.10 Major Shareholders As of January 3, 2003 Major Shareholders
14
KROMADITâ&#x20AC;&#x2122;S FAMILY
65,364,302
30.63
YODMANIâ&#x20AC;&#x2122;S FAMILY
16,541,234
7.75
ITOCHU MANAGEMENT (THAILAND) CO., LTD.
10,000,000
4.69
MR. MANIT NOPAMORNBODEE
7,569,080
3.55
HSBC (SINGAPORE) PTE LTD.
5,583,000
2.62
BANGKOK INSURANCE PUBLIC COMPANY LIMITED
3,435,300
1.61
PANICHEWAâ&#x20AC;&#x2122;S FAMILY
2,594,320
1.22
SOPHONPANICH
2,247,000
1.05
STATE STREET BANK AND TRUST COMPANY
2,215,700
1.04
MR. KAWIN JIAMUDOM
2,080,000
0.97
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4a/ (eA Om A Om l Om -$! / ) Ν -!Ν&$ Bd Ν C I U% cI_ d Ν CΝNN:Ν [ E IO&O( ad < d E Ν[ JIcN&g[
A Ν O; O; O;
4a E l Νl &'m I A Om l E l Νl &'m I -$! 9/ ) Ν -!Ν&$
Bd Ν C I <Ig\[ A ΝE $ Ν$ JKL; I d Mrd Thomas Hd Reese D=$ :< ad Ν CE ) C AE A Ν !"A ; I +d Ν C U" ΝΝJ[ c "9N=Ν D=$O9Ν C O( & N cI_C[ *d Drd Huynh Ngoc Phien D=$O9Ν C O( & E KC Ν
md Ν C I;="C[ <Ig\[ D=$O9Ν C O UO q C " <!"A % C O AΝ( O AkI KP Ud Ν C 9 &e U" D=$O9Ν C CN:pΝ U I 8d Ν C < & U c D=$O9Ν C q C Ie
Ad Ν & c[ :_ ΝUE( A [ D=$O9Ν C C E&IΝl E"% ΝU ; Ig:J !"AE"% ΝU (cA O; B5d Ν & O; U" E HKC U D=$ :< q CN:pΝ J :NC ;U(("!"A U BBd Ν & J &On :P&Ν N:Ν [ D=$O9Ν C A Ν& ΝJKL<IΝ!"A % C B d Ν & E<VΝ< O "E e D=$ :< q C;:^_K!"A E&IΝ Bad Ν C_:C : Ν[ U c I c[ D=$ :< q CJKL<IΝ J:P&ΝKP AE jΝb<$ V ; Ig:J K !C O9Ν Ν$ JKL A V & A Ν !"A D=$ :< OO :Ν ENILOE fΝ !;V&!C Ν$ JKLQΝ 9 Ν<ΝOC; C 9 :;<=!"!"A ; I & Ν A 9 15
7.0 EXECUTIVE DATA AS PER DECEMBER 31, 2002 (Code 9) 7.1 The Board of Directors: 1.
Police General Chavalit Yodmani
Chairman of the Board of Directors
2.
Mr. Chira Panupong
Vice Chairman of the Board of Directors
3.
Mr. Vikrom Kromadit
Director
4.
General Yuthasak Sasiprapha
Director
5.
Mr. Staporn Kavitanon
Director
6.
Mr. Sombath Phanichewa
Director
7.
Mr. Thomas H. Reese
Director
8.
Mr. Hiroshi Kitamura
Director
9.
Mr. Chai Sophonpanich
Director
10.
Mr. Piak Samohsamarn
Director
11.
Mr. Wikrom Soukavanitch
Independent Director
12.
Mr. Noppan Muangkote
Independent Director
13.
Dr. Somchet Thinaphong
Director
Mrs. Varaporn Vatcharanukroh
Secretary
There are 13 directors of the Board of Directors (Code 8) - 4 Executive Directors are Directors of the Board - 1 Non-Executive Director - 8 Directors of the Board (61.54% of all Directors) are independent
7.2 Executive Directors: 1.
Mr. Vikrom Kromadit
Chairman of the Executive Board
2.
General Bulrit Dardarananda
Executive Director
3.
Police General Chavalit Yodmani
Executive Director
4.
Mr. Chackchai Panichapat
Executive Director
5.
Mr. Thomas H. Reese
Executive Director
6.
Mr. Piak Samohsamarn
Executive Director
7.
Dr. Huynh Ngoc Phien
Executive Director
8.
Mr. Chulanond na Lampoon
Executive Director
9.
Mr. Viboon Kromadit
Executive Director
Mr. Chairat Suwanvijarn
Executive Director
10.
7.3 Audit Committee: 1.
Mr. Wikrom Soukavanitch
Chairman of the Audit Committee
2.
Mr. Noppun Muangkote
Member of the Audit Committee
3.
Dr. Somchet Thinaphong
Member of the Audit Committee
7.4 Companysâ&#x20AC;&#x2122; Executives: 1.
Mr. Vikrom Kromadit
Chief Executive Officer
2.
Mr. Thomas H. Reese
President and Chief Operating Officer
3.
Mr. Piak Samohsamarn
Director and Executive Director
4.
Mr. Chulanond na Lampoon
President Amata Commercial City
5.
Dr. Huynh Ngoc Phien
Vice President (Vietnam Project)
6.
Mr. Viboon Kromadit
Senior Vice President (Marketing and Sales)
7.
Mr. Kamjorn Vorawongsakul
Vice President (Business Development)
8.
Mr. Paradorn Songsuwan
Vice President (Engineering Division)
9.
Mrs. Varaporn Vatcharanukroh
Vice President (Treasurer) Secretary to the Company
10.
Mrs. Kobkul Stierasuta
HR Development & GA Division Manager
11.
Ms. Songchom Tangnawapan
Vice President (Land and Sales Operation)
12.
Ms. Dendao Komolmas
Controller
14.
Mr. Chairat Suwanvijarn
Land Division Manager
It should be noted, then, that the power and authority of the Chairman and the President are sparated between policy making and day-to-day operation management. ( Code9 )
16
6aH 0Ν Ν UlΝ"O!qflm I &'E I' "s$Ν #O !kΝ _IOL zΝ U" Bd N" 9 EO _ "I CO< cK d Ν C_K A cUN&e[ ad Ν C I <Ig\[ +d *d md Ud 8d Ad B5d BBd
N"EO CUJ e: <I eeI A Ν C H N I ΝΝJ[ Ν C ;: I N ΝI__K A Ν COJ : E} "IΝ K Ν C}IO _I (I = A Ν C_:C O cNΝI_ Ν CE ) C AE A Ν Ν C I U% cI_
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Ν CΝNN:Ν [ E IO&O( < d E Ν[ JIcN&g[ N"EO ;U" J I J J ΝΝJ[ Ν C : [_:C N ΝI_N:pΝ[ Ν C U" ΝΝJ[ c "9N=Ν Drd Huynh Ngoc Phien Ν C I;="C[ <Ig\[
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9! ΝV&
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hPar *i ENIL h i "< hzi
A Ν Bml*BBl a+ UdUaU alU*mlUA* ad* 5A 8lAAUlm++ O& A Ν BlmB*l555 5dU*m8 85Ul*55 5dU*m8 z A Ν ; I ++lBB l+B+ 5dmUB l5Uml 5U 5dmA55 z+5l555 !"A A ΝE $ Ν$ JKL; I z z z z z z z z z z z z D=$ :< + +lU++ 5dBAA5 B8 laU 5dBU5A m5l555 z z z z l5a+la55 5dA*aa Bla+ lB*5 Bd *UA zm*5l555 !"A ; I z z z z z OI A !"A z z z z A Ν O; OI A !"A O; z z z z !"A O; z z z z ; I z z Baml555 5dB U* z U l555 ; I z z z z z D=$O9Ν C O( & N cI_C[ z z z z z D=$O9Ν C O( & E KC Ν
+5l555 5d5B8U 5l555 5d5B8U z D=$O9Ν C O UO q C " < z z z z z !"A % C O AΝ( O AkI KP D=$O9Ν C CN:pΝ U I +8lB55 5d5 * Al5*5 5d5 U zB5l555 D=$O9Ν C q C Ie
z z aAl555 5d5amm zU8l555 D=$O9Ν C C E&IΝ +Al*m8 5d5 a a+lU8+ 5d5a m z 5l555 D=$ :< q CN:pΝ z z z z J :NC ;U(("!"A U D=$O9Ν C A Ν& ΝJKL<IΝ z z z z !"A % C D=$ :< q C;:^_K!"A E&IΝ a l855 5d5B*+ Bmlm55 5d5B*m z+55 D=$ :< q CJKL<IΝ z z z z z
17
8.0 NUMBER OF SHARES HELD BY EXECUTIVES IN 2002
Name
Position
1. Police General Chaavalit Yodmani
Chairman of the Board of Directors
2. Mr. Chira Panupong
Vice Chairman of the
Shares hPar *i As of Jandal 55a As of DecdaBl 55B Increase h i Nodof Share of Sharez Nodof Share of Sharez Decrease hzi hPar*i holding hParB5i holding 16,511,234
7.7372
3,756,795
3.5209
8,997,644
1,615,000
0.7568
807,500
0.7568
-
Director, Chairman of the Executive 44,112,414
20.6712
22,076,207
20.6900
-40,000
Board of Directors 3. Mr. Vikrom Kromadit
Board and Chief Executive Officer 4. General Yuthasak Sasiprapha
Director
-
-
5. Mr. Staporn Kavitanon
Director
-
-
6. Mr. Sombath Phanichewa
Director
-
-
7. Mr. Thomas H. Reese
President and
424,744
0.1990
-
-
-
182,372
0.1709
60,000
Chief Operating Officer 8. Mr. Hiroshi Kitamura
Director
-
9. Mr. Chai Sophonpanich
Director
2,034,300
0.9533
1,342,150
1.2579 -
-650,000
10. Mr. Piak Samohsamarn
Director and Executive Director
-
-
-
-
11. Mr. Wikrom Soukvanitch
Independent Director and
-
-
-
-
-
-
-
-
-
-
-
-
Chairman of the Audit Committee 12. Mr. Noppun Muangkote
Independent Director and Member of the Audit Committee
13. Dr. Somchet Thinaphong
Director and Member of the Audit Committee
14. General Bulrit Dardarananda
Executive Director
-
-
136,000
15. Mr. Chackchai Panichapat
Executive Director
-
-
-
-
-
16. Mr. Chulanond na Lampoon
President Amata Commercial City
-
-
-
-
-
17. Dr. Huynh Ngoc Phien
Vice President (Vietnam Projects)
40,000
0.0187
-
18. Mr. Viboon Kromadit
Senior Vice President
-
-
-
0.0187 -
20,000 -
0.1275
-272,000
(Marketing and Sales) 19. Mr. Kamjorn Vorawongsakul
Vice President
48,100
0.0225
29,050
0.0272
-10,000
-
39,000
0.0366
-78,000
0.0232
34,784
0.0326
-20,000
(Business Development) 20. Mr. Paradorn Songsuwan
Vice President
-
(Engineering Division) 21. Mrs.Varaporn Vatcharanukroh
Vice President (Treasurer)
22. Mrs. Kobkul Stierasuta
Human Resource Development &
49,568 -
-
-
-
-
-
-
-
General Affairs Division Manager 23. Ms. Songchom Tangnawapan
Vice President (Land and Sales Operations)
24. Ms. Dendao Komolmas
Controller
25. Mr. Chairat Suwanvijarn
Land Division Manager
18
32,800 -
0.0154 -
16,600 -
0.0156 -
-400 -
;aH A ) ! -Î?
9.0 Related Transaction
QÎ? cKJKL K C JKL KD" AOC_Î?[ A V & :Î? IO C JKL E KLC %$O& :Î?E I<%OPÎ? (cA A O;O<C"AEOKC<!"A Â I;: I
 %$O;:&(:;%O& " < ": J :NC[! V& AEJebJC ( !"AE&ILOÎ?b%%O& C E "V Î?KP A $O&E fÎ?b E&ILOÎ?b%%O& " < C"AEOKC<E KLC :;(=V :^^ ="(V %O& :^^ !"A( 9E fÎ?%O& C A! <&QÎ? C& Î? A 9 ) !"A C& Î? *mzB QÎ? cKJKL KD" AOC_Î?[QÎ? C A V & :Î? JV Î?Î?:PÎ?b V K IJ IQÎ? OO E KC&"& IQ $( E jÎ? _O;QÎ? C Î?:PÎ? :Î?JKL B KÎ? ( *+m E IOL & ( E jÎ?E KLC :; C A V & :Î? E KCÎ? JV Î?D=$HIO U$Î? ; Ig:J O A (O [ OE _:Î? 9 :< h _Î?i %$ NE $ Î? C I U% cI_ A Î? O; %O& ; Ig:J O A (O [ OE _:Î? 9 :< h _Î?i %OE KCÎ? V C A V & :Î? %O&; IgJ: | E fÎ?b CE U A O;&; E&IÎ? IÎ?P U< :Î?JK L aB :Î? (
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hÎ? C I U% cI_i A Î? O; !"A OI A
If there is any conflict of interest or other related matters in the listing, the Board of Directors will carefully consider the matter and act in accordance with the rules and regulations of the Stock Exchange of Thailand. The prices and conditions of the transaction should be consistent with market conditions. The details of the parties to the contract, contract value, reason and necessity will be shown in the annual report and type 56-1. If a director has a conflict of interest in the listing, that director will have no right to vote.
March 12, 2003 Re :
Opinion on Related Transactions
To :
Shareholders AMATA CORPORATION PCL. I, Wikrom Soukvanitch Chairman of the Audit Com-
mittee of AMATA Corporation Public Company Limited, would like to inform the shareholders of a related transaction that has been clearly shown as item number 6 in the Remarks of the Finance Statement, as of December 31, 2002. The related transaction involves the rental of an office with KROMADIT Co., Ltd., of which Mr. Vitoon Kromadit (Mr. Vikrom Kromaditâ&#x20AC;&#x2122;s younger brother) is a director, follows :
(Million Baht)
Office Rent and Service Fee
2002
2001
3.02
2.83
Pricing Policy: KROMADIT Co., Ltd. rents office space to the Company at the same market price and conditions as other companies. However, the Company carefully considers rental of the office to ensure it is beneficial to the Company.
Yours sincerely, AMATA CORPORATION PUBLIC COMPANY LIMITED
(Mr. Wikrom Soukvanitch) Chairman of Audit Committee and Independent Director
19
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N:pÎ? O( & QÎ?OÎ? ( b<$OK b VÎ?$OC V az+ ) O<Cb V $O&"&JUÎ?kIPOJKL<IÎ?ENIL D" A O; %O&; Ig:J O A kI KP 9 :< QÎ? ) *+m C:&(&<KE_VÎ?E<I ( < V A H JCOC(IÎ? Î?KP<:& "V b<$OCV &!Î?VÎ?OÎ?!"Ab VE I<( E KC C! VOCV &Q<
*+md55
10.0 Risk Factor Risk Faktor
Impact Assessment
Risk from loan to
Amata Corporation gave loan of 546 MB (Excl. interest). to Amata
the subsidiary
City Co., Ltd. Amata Cityâ&#x20AC;&#x2122;s financial status is improved, and its perform-
companies
ance in 2002 was good. by end of 2002 its loan from financial institutes
Baht (M) 546.00
was reduced to 298.22 MB. The Company also has land bank for development within the next 3-4 years and no need to purchase more land during those period. If Amata City performance is still as good in 2003, it should be able to pay for the debt gradually without any damage.
99aH ( m(U kÎ?
(cA O;E fÎ?D=$ O;J Î?( H= $O&%O&%$O ="O<C A_U V :;D= $ O;;:^_K CÎ?O ENIOL %OJ ; U<OVOÎ?%O& A;; ( ;(U
CQÎ?JKL KOC=V QÎ? ) *+* ; Ig:Jb<$ V $ &; Ig:J <K"OCJ[ J=$_ O :J U b_CCe 9 :< E%$ O;!"A & A;; ( ;(U CQÎ?%O&; Ig:J Î?O Î?K(P cA O; jb<: A_U V :;(cA ; IgJ: !"A C& Î? Q $J ;HO&( E A !"AENKC&NO%O& A;;( ;(U CQÎ? d QÎ? ) *+* (cA O;b<$ C& Î?D" O;Q $ (cA J ;QÎ? A_U (cA ( :P&JKLBÂ&#x2039; *+m E ILO :Î?JKL B8 U N:Î? [ *+m V ; Ig:J!"A; Ig:JCVOC K A;;( ;(U CQÎ?ENKC&NOJKL A H sO& :Î?J :NC[ IÎ?%O&; Ig:J!"A; Ig:JCVOCO:Î?E I< Î?9b Q_$ O<C I_O; !"AJKLDV Î? ; Ig:J!"A; Ig:JCVOCb VN;%$O; N VO&JKLE fÎ? A 9(:^QÎ? A;; ( ;(U CQÎ?
20
11.0 Internal Control The Company has the audit committee to check and control the working system with the external auditor in order to identify weak points of the existing internal control. In 2002 the Company has hired Deloitte Touche Tohmatsu a professional external consult to check and plan for the internal control system for the Company. The audit committee has regularly had meetings with the board of directors to report on the effectiveness and efficiency of the internal control system. For the year 2002, the audit committee has made a report to the board of directors meeting No. 1/2003 dated February 18, 2003 that the Company and its subsidiaries have efficient internal control in order to protect the misuse of the Companyâ&#x20AC;&#x2122;s assets. Up until now, no irregular transaction showing an inadequate internal control has been experienced.
9 aH (0O3Im A IE( A + Î?A E!IÎ? Aq 0EÎ?IÎ?! Î?
12.0 Explanation and analysis of financial status and operating performance
Î?A E!IÎ?
Assets
IÎ?J :NC[ QÎ? ) *+* ; IgJ: !"A; IgJ: CVOC K Î?I J :NC[ +lU*adU+ "$ Î?; JENIL %OPÎ? ) *++ kOL& KOC=V +lm8+dA "$ Î?; J V Î?Q ^V%O& IÎ?J :NC[JKLENIL %OPÎ?E I< JKL; Ig:Jb<$"&JUÎ?ENIL QÎ?; Ig:J V (IO; Ig:J _I& E KC&zO A E( K(O" OIÎ?<: KP [ hbJC!"Î?<[i 9 :< Î?K P Î?I !"A V Î?%O&D=H$ OI Î?U$ Î?K P Î?I UÎ?E KCÎ?ENI L %OÎ?P Bla+8dU+ "$ Î?; J QÎ? ) *++ E fÎ? Blmmmd m "$ Î?; JQÎ? ) *+* C V Î?Q ^VE I< ; Ig:Jb<$OO :Â&#x17D; !" E&IÎ? ACA :PÎ?kOL& KO: <O E;KPCH= V E&IÎ? =$CI ACA C !"AE A :;( $O& E&IÎ?QÎ? ACA :PÎ?%O&; Ig:J QÎ? V Î?%O& Î?KP IÎ?b V UÎ?E KCÎ?QÎ? ) *+* Î?KP IÎ?%O&; Ig:J"<"& 8 +d + "$ Î?; J QÎ? ) *++ E "IO B5admU "$ Î?; JÎ?:PÎ? V Î?Q ^VE I< JKL; Ig:J H ! $b% :^^ V <9EÎ?IÎ?& Î? :; Î?I( OU ! &V AEJebJCb<$ 9E j !"A; Ig:J_9 A Î?KP ACAC QÎ? ) *+*
In 2002, Amata and its subsidiaries have the total assets of Baht 4,753 million, which increased from 2001, when total assets were Baht 4,684 million. The increase is due to the fact that Amata has invested in a new company, called Amata Ching Shiang Industries ( Thailand ) Company Limited. Liabilities and Shareholderâ&#x20AC;&#x2122;s Equity Total current liabilities have increased from Baht 1,348.74 million in 2001 to Baht 1,666.26 million in 2002. The increase is due to the issuance of short term B/E with a lower interest rate, Which meets the demand for short time loans for the Company. In 2002, the non-current liabilities was Baht 103.67 million, which decreased from that of the year 2001 when the noncurrent liabilities was Baht 824.28 million, this resulted from the amendment of the joint-management agreement with the Industrial Estate Authority of Thailand, and the completion of the long-term repayment.
q 0EÎ?IÎ?! Î?
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%OPÎ? ad A<O E;KPC V C%O&; Ig:J!"A; Ig:JCVOC"<"& +d 9b :; U&O( & $ & Î?KP%O&; Ig:J!"A; Ig:JCVOCJKLb<$ Â&#x20AC;I;: I :^^ OCV &( ;H$ Î? *d H :; U& :^^ V <9EÎ?IÎ?& Î? :; Î?I( OU ! V& AEJebJC
Operating Performance In 2002, the Company and its subsidiaries earned a net profit of Baht 895.51 million or Baht 4.20 per share, increasing 166.59% from 2001. The increase resulted from the following 1. increase of income from land sales of Amata Nakorn Industrial Estate; 2. increase of income from the maintenance fees collected from factories starting operations in the industrial estates; 3. the decrease of interest burden costs; 4. profit derived from debt restructure of the Company and its subsidiary companies; and 5. extraordinary item from the amendment of the jointmanagement agreement with IEAT.
21
13.0 Organization Chart
O( ! l !O!(+
O U Î? Shareholders
(cA ; Ig:JÂ&#x2039; A Î? Chairman N" 9 EO _ "I CO< cK Police General Chavalit Yodmani (cA ; I Â&#x2039; A Î? ; I Chairman of the Executive Board Î? C I <Ig\[ MrdVikrom Kromadit A Î?E $ Î?$ JKL; I Chief Executive Officer Î? C I <Ig\[ MrdVikrom Kromadit D=$ :< President Â? Chief Operating Officer Î? COJ : K MrdThomas Reese C; I E&IÎ? Treasurer Î? & c[ :_ Î?UE( A [ MrsdVaraporn Vatcharanukroh
C Ie
Engineering 22
D=$O9Î? C ; I Executive Vice President Î? CE )Â&#x160;C AE A Î? MrdPiak Samohsamarn
CJKL<IÎ? Land
C " <Â&#x2039; CO AÎ?( Â&#x2039; CO AkI KP MarketingÂ?SalesÂ&#x2039;Amata NakornÂ&#x2039; Amata City
(cA O; Audit Committee
JKL O g I I e: <I Honorary Advisor N"EO ;U" J I J J ΝΝJ[ General Bulrit Dardarananda
N:pΝ U I Business Development Ν C I <Ig\[ MrdVikrom Kromadit
O( & N cI_C[ Amata Commercial City Project
C;:^_K!"A E&IΝ Controller
O( & E KC Ν
Vietnam Project
e=ΝC[%O$ =" Information Center
CJ :NC ;U(("!"A U Human Resources General Affairs
CN:pΝ U I Business Development
C ΝEJe IT Center 23
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14.0 Company Executives Biographical Data (Code 9)
Name / Position
1. Police General
Educational Age
68
Qualification Worksop College,
Chavalit Yodmani
Nottinghamshire,
Chairman of the
U.K.
Board of Directors
Work History Duration
Position
1989-Present
Chairman of the
Jun00-Present
Director
2000-Present
Board Member
Firm AMATA
Board of Directors Pan Asia Paper (Thailand) Co., Ltd. Anti Money Laundering Office (AMLO) 1995-Present
1976-Present
2. Mr. Chira Panupong
70
Vice Chairman of
Master of Science
Present
(Economics),
the Board of Directors
Director
Amata City Co., Ltd.
Chairman
Thai Orchids Lab Co., Ltd.
Eminent Committee
The Narcotics Control Board
Director
Amata Holding Co., Ltd.
Chairman of the
Banpu Public Company Limited
Board of Directors
London School of
2001-Present
Director
Amata-EGCO Power Limited
Economics, U.K.
1994-Present
Vice Chairman of the
AMATA
2000-Present
Chairman of the
Board of Directors Amata (Vietnam) Co., Ltd.
Board of Directors
3. Mr. Vikrom Kromadit
49
Bachelor of
Director, Chairman of
Mechanical
the Executive Board
Engineering,
and Chief Executive
National
Officer
Taiwan University
4. General
65
1995-Present
Director
Amata City Co., Ltd.
Present
Vice Chairman
Tuntex (Thailand) Public Co., Ltd.
Director, Chairman of
AMATA
1989-Present
the Executive Board and Chief Executive Officer 1995-Present
Director
Amata City Co., Ltd.
Director
Amata Power Limited
1995-Present
Director
Amata Quality Water Co., Ltd.
1990-Present
Director
Amata Development Co., Ltd.
Director
Amata Mansion Service Co., Ltd.
1976-Present
Director
Amata Holding Co., Ltd.
National
2002-Present
Director
AMATA
Yuthasak Sasiprapha
Defence College,
2002-Present
Advisor to the Minister
-
Director
Class 33, 1991
(Security) 2001-2002
Duputy Minister of Defence
2001-Present
Member of the House of
Ministry of Defence
Representative (Party List)
5. Mr. Staporn Kavitanon Director
63
M.A. (Econ)
2002-Present
Director
AMATA
Present
Vice Chairman
Bangkok Bank Public Company
1991-2001
Secretary General
Vanderbilt University, USA National Defense College (1987)
Limited Office of the Board of Investment
25
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26
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Kenan Institute Asia
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Name / Position
6. Mr. Sombath
Educational Age
Qualification
Work History Duration
Position
Firm
67 Bachelor of
1989-Present
Director
Phanichewa
Science,
1995-Present
Director
Amata (Vietnam) Co., Ltd.
Director
University
Director
Amata City Co., Ltd.
of Tasmania,
Present
President
Australia
AMATA
Don Muang Tollway Public Company Limited
Chairman of the Executive Board Thai Public Port Co., Ltd.
7. Mr. Thomas H. Reese
64 Masterâ&#x20AC;&#x2122;s Degree 1999-Present
President and Chief
Economics,
Operating Officer
University of Pittsburgh,
Director
55 Bachelor of
Krungthai Panich Insurance Co., Ltd.
Director
Thasco Chemical Co., Ltd.
Director
TTL Industries PCL
Director
Sakata-Thai Corporation Ltd.
Director
Thai Chemical Corporation Ltd.
President and Chief
AMATA
Operating Officer President
Amata City Co., Ltd.
2000-Present
Director
Amata Quality Water Co., Ltd.
Chairman of Executive Board
Amata (Vietnam) Co., Ltd.
1994-1999
Executive Vice President
AMATA
1996-Present
Trustee
Kenan Institute Asia
U.S.A.
8. Mr. Hiroshi Kitamura
Director
Director
AMATA
Economic, Saga 2001-Present
2002-Present
President
ITOCHU (Thailand) Ltd.
University,
President
Japan
ITOCHU Management (Thailand) Co.,Ltd.
2000-2001
Deputy C.O.O. of Chemical
ITOCHU Corporation
Division
9. Mr. Chai Sophonpanich 59 B. Sc. University Director
of Colorado,
1989-Present
Director
AMATA
1978-Present
Chairman and President
Bangkok Insurance Public
1980-Present
Chairman
Bumrungrad Hospital Public
1988-Present
Chairman
Furukawa Metal (Thailand)
1986-Present
Chairman
Charoong Thai Wire & Cable PLC
1978-Present
Vice Chairman
Thai Reinsurance Public
U.S.A.
Company Limited Company Limited Public Company Limited
Company Limited
10. Mr. Piak Samohsamarn
1994-Present
Director and Executive Director
AMATA
Director and
Accounting,
1999-Present
Director
Amata Quality Water Co., Ltd.
Executive Director
Thammasat
1995-Present
Director and Executive Director
Amata City Co., Ltd.
University
1991-Present
Director
Amata Mansion Service Co., Ltd.
1990-Present
Director
Amata Development Co., Ltd.
1999-Present
Independent Director and
AMATA
11. Mr. Wikrom
52 Bachelor of
65 Bachelor of
Soukvanitch
Accounting,
Independent Director
Thammasat
and Chairman of
University
Chairman of the Audit Committee 1990-1999
Advisor
AMATA
the Audit Committee
27
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ma MdSd in Electrical Engineering University of Texas USA
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*8 Doctor of Technical Sciencel AITl Bangkok hWater Resourcesi
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Name / Position
Educational Age
Qualification
12. Mr. Noppun Muangkote 55 LL.M. CorporaIndependent Director
tions, New York
and Member of the
University, USA.
Audit Committee
(Fulbright and Asia Foundation
Work History Duration
Position
2001-Present
Independent Director and
1981-Present
President
Firm AMATA
Member of the Audit Committee International Business Lawyers Co., Ltd. 1984-Present
Director
Scholarships)
Sahakol Engineer Co., Ltd. Siam-Jusco Co., Ltd. AEON Thanasinsup Public Company Limited
1989-Present
Chairman
M K Group of Companies Nongkhai Grand
13. Dr. Somchet Thinaphong 53 Dr. Eng., Director and Member
Asian Institute of
of the Audit Committee
Technology (1980)
1999-Present
Director and Member of the
1999-2001
President
AMATA
Audit Committee
(Kingâ&#x20AC;&#x2122; Scholarship)
New Bangkok Thailand Airport Co., Ltd.
1990-1999
Governor
Industrial Estate Authority of Thailand
14. General Bulrit
78 Bachelor of
Dardarananda
Science, Royal
Executive Director
Military Academy National Defence
1994-Present
Executive Director
AMATA
1996-2000
Senator
The Senate
College
15. Mr. Chackchai
63 MS. In Electrical
2001-Present
Executive Director
AMATA
Panichapat
Engineering,
1999-Present
Vice Chairman of the Board of
Amata City Co., Ltd.
Executive Director
University of Texas USA.
16. Mr. Chulanond
51 Diploma Inter-
na Lampoon
national Hotel
President Amata
School of
Commercial City
Business, Japan
17. Dr. Huynh Ngoc Phien
58 Doctor of
Vice President
Technical Science,
(Vietnam Projects)
AIT, Bangkok
Director and Executive Director 1991-1999
Deputy Secretary General
Board of Investment
2000-Present
President Amata Commercial
AMATA
City 1992-2000
General Manager
Patco Land Co., Ltd.
1994-Present
Vice President
AMATA
(Vietnam Project)
(Water Resources)
18. Mr. Viboon Kromadit
42 Bachelor in
2002-Present
Senior Vice President
AMATA
Senior Vice President
Business
(Marketing and Sales)
(Marketing and Sales)
Administration,
1999-2002
Vice President (Amata Nakorn)
AMATA
(Computer)
1998-1999
Assistant to Chief Operating
AMATA
1995-1998
Marketing Manager
Assumption University
Officer AMATA
29
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30
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Name / Position
19. Mr. Kamjorn
Educational Age
47
Vorawongsakul
Qualification MBA, Kasetsart
Work History Duration
2001-Present
University
Vice President
Position
Vice President Business
Firm AMATA
Development 1999-2001
(Business Development)
Assistant Vice President
AMATA
(Amata Service Project) 1998-1999
Assistant Vice President
AMATA
(Business Development)
20. Mr. Paradorn
48
Bachelor of Civil
Songsuwan
Engineering,
Vice President
Chiangmai
(Engineering Division)
University
1996-1998
Assistant Vice President
AMATA
2002-Present
Vice President
AMATA
1998-2002
Assistant Vice President
(Engineering Division) AMATA
(Amata City) 1996-1998
Assistant Vice President
AMATA
(Engineering & Site Service)
21. Mrs.Varaporn
Bachelor of
2002-Present
Vice President (Treasurer)
AMATA
Vatcharanukroh
44
Science in
2001-Present
Secretary to the Company
AMATA
Vice President
Accounting,
(Treasurer)
Thammasat
Secretary of the
University
Company
Secretary to the Audit Commitee
AMATA
1999-2002
Assistant Vice President
AMATA
1996-1999
Assistant Vice President
(Amata Finance)
Secretary of the
AMATA
(Planning and Administration)
Audit Commitee
22. Mrs. Kobkul Stierasuta
53
B.A. Political Science
Human Resource
Public Administration,
Development & General
Chulalongkorn
Affairs Division
University
Manager
Secretarial Course,
1999-Present
Human Resource
AMATA
Development & General Affairs Division Manager 1989-1999
Manager of the Presidentâ&#x20AC;&#x2122;s
AMATA
Office
Hardbarger Business College-N.C., U.S.A.
23. Ms. Songchom
40
Bachelor of Arts
Tangnawapan
(English),
Vice President (Land
Thammasat
and Sales Operations)
University
2002-Present
Vice President (Land and Sales
AMATA
Operations) 1999-2002
Marketing Information Center
AMATA
Division Manager 1996-1999
Human Resources Development
AMATA
& General Affairs Department Manager
24. Ms. Dendao Komolmas
40
Controller
Bachelor of Science
1997-Present
Controller
AMATA
(Administration),
1995-1996
Accountant and Assistant
AMATA
Sukhothai Dhamadhirat
Manager
University
25. Mr. Chairat Suwanvijarn Land Division Manager
40
Bachelor of Law,
1998-Present
Land Division Manager
AMATA
Ramkhamhaeng
1994-1998
Government Affairs
AMATA
University
Division Manager
31
Financial Statements ß∫°“√‡ß‘π
32
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