SNC: Annual Report 2006 by Piyanat Kimhamanon

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SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

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Aluminium pipe Discharge pipe Suction pipe Hose Ass没y Auto Outlet pipe Inlet pipe Half union, Flare nut, Valve Beading Header jointing Flange

CUSTOMERS

END USERS

6 10 8 1

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Solenoid Valve Strainer Assûy Distributor Assûy Pipe Assûy Pipe Compressor Plate Jointing Tripod Half union Flare nut Flange Outdoor Unit Air Distributor

Panasonic 8 12

9 2

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

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7 8

1 2 3 4 5 6 7 8 9

Suc. IP. Muff. pipe Outer pipe Oil pipe Dis pipe Process tube Oil cooler Dis, pipe Pro. pipe

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

Outdoor Condencing Unit

Indoor Fan Coil Unit

Package Chiller

7 4

1 Batch Freezer

2 2 Gull-Wing Freezer Tunnel

3 3 Cryogenic Freezer

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

“√∫—≠ / CONTENTS “ åπ®“°ª√–∏“π°√√¡°“√∫√‘À“√ ................................................................................................................... 6 Message from the Chairman of Executive Committee ¢âÕ¡Ÿ≈∑—«Ë ‰ª .......................................................................................................................................................... 8 General Information ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π‚¥¬ √ÿª ............................................................................................................................... 18 Financial Highlights ≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘® ............................................................................................................................... 20 Business Operation ªí®®—¬§«“¡‡ ’¬Ë ß .............................................................................................................................................. 42 Risk Factors ‚§√ß √â“ß°“√∂◊ÕÀÿâπ·≈–°“√®—¥°“√ ............................................................................................................... 46 Shareholding Structure and Management √“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π ...................................................................................................................................... 92 Connected Transaction √“¬ß“π§≥–°√√¡°“√μ√«® Õ∫ ............................................................................................................... 102 Audit Committeeûs Report °“√«‘‡§√“–Àå∞“π–∑“ß°“√‡ß‘π·≈–º≈°“√¥”‡π‘πß“π .................................................................................... 104 Management Discussion and Analysis of Financial Status and Performance ß∫°“√‡ß‘π ..................................................................................................................................................... 108 Financial Statements

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(π“¬ ¡™—¬ ‰∑¬ ß«π«√°ÿ≈) ª√–∏“π°√√¡°“√∫√‘À“√

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Message from Chairman of Executive Committee I would like to express my sincere appreciation to our clients, partners and investors for their continued support which is the key driver for me and staffs to achieve the success in manufacturing copper and aluminum tube parts for cooling systems used in various industries such as automobiles air-conditioners, indoor air-conditioners, compressors and refrigerators, etc. In late last year, the Company has expanded the business to fulfill customers没 needs in terms of costs effectiveness and complete services by investing in sheet metal fabrication for both steel and stainless to serve customers in air-conditioners, washing machines and electrical appliances. Additionally, to enhance the production efficiency, the Company has jointed with a company from China to manufacture molds and jointed with another company from Korea to manufacture machines and automatic manufacturing system, resulting in reducing cost across the Group. This year, the production line at Rayong plant in the area of 75 rai shall completely serve our customer for the indoor air-conditioners which will significantly decrease the manufacturing difficulties as well as production costs. Concurrently, due to the extensive supports of relevant technologies from our customers, we are very confident to establish the new production lines covering the area of 5,000 sq.m. with total production capacity of 700,000 air-conditioners per annum with the revenue recognition in February 2007 onwards. In order to support the continuous business expansions, I have adopted the management model, namely Mini MD, for the whole organization. Internal staffs shall be selected to manage the business similar to MD of the Company, but with the total sales volume not more than Baht 100 million and 3 customers. Mini MD shall be responsible for costs and profit together with their own teams and report to the executives on daily basis for acknowledgement and suggestion. According to such model, the staffs are able to provide services to customers and partners efficiently and flexibly upon customers没 requirements, resulting in pride and dignity to the staffs themselves. The most essential objective of the management is to deliver the highest satisfaction of the Company没s customers, partners, investors as well as all stakeholders on the basis of transparency and assessment. Finally, all staffs and myself do hope to continuously receive trust and supports from everyone in the future.

(Mr.Somchai Thaisanguanvorakul) Chairman of Executive Committee 7

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1. ¢âÕ¡Ÿ≈∑—Ë«‰ª 1.1 ¢âÕ¡Ÿ≈∫√‘…—∑ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ª√–°Õ∫∏ÿ√°‘®º≈‘μ™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„π√∂¬πμå·≈–¿“¬„πÕ“§“√ ∑’Ëμ—Èß : 103/25-34 À¡Ÿà∑’Ë 17 ∂ππ‡∑æ“√—°…å μ”∫≈∫“ß‡ “∏ß °‘ËßÕ”‡¿Õ∫“ß‡ “∏ß ®—ßÀ«—¥ ¡ÿ∑√ª√“°“√ 10540 ‡≈¢∑–‡∫’¬π∫√‘…—∑ : 0107547000371 ‚Œ¡‡æ® : www.sncformer.com ‚∑√»—æ∑å : 0-2705-0820-25, 0-2330-3483-90 ‚∑√ “√ : 0-2330-3481-2, 0-2705-6890

1.2 ¢âÕ¡Ÿ≈∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‰æ¬Õß´“π Õ’ ‚«≈Ÿ™—Ëπ ®”°—¥ ª√–°Õ∫∏ÿ√°‘®¢÷Èπ√Ÿª‚≈À–·ºàπ ∑’Ëμ—Èß : 88/9, 88/18 À¡Ÿ∑à ’Ë 2 μ”∫≈¡–¢“¡§Ÿà °‘ßË Õ”‡¿Õπ‘§¡æ—≤π“ ®—ßÀ«—¥√–¬Õß 21180 ‚∑√»—æ∑å : 0-3889-3620-27 ‚∑√ “√ : 0-3889-3618 ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ·Õ√å-§Õπ¥å ®”°—¥ ª√–°Õ∫∏ÿ√°‘®º≈‘μ™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√ ∑’Ëμ—Èß : 88/9 À¡Ÿà∑’Ë 2 μ”∫≈¡–¢“¡§Ÿà °‘ËßÕ”‡¿Õπ‘§¡æ—≤π“ ®—ßÀ«—¥√–¬Õß 21180 ‚∑√»—æ∑å : 0-3889-3620-27 ‚∑√ “√ : 0-3889-3618 ∫√‘…—∑ ‡ø√™‡∑§ ·¡πŸ·ø°‡®Õ√‘Ëß ®”°—¥ ª√–°Õ∫∏ÿ√°‘®º≈‘μ‡§√◊ËÕß·™à·¢Áß∂πÕ¡Õ“À“√ ∑’Ëμ—Èß : 88/18 À¡Ÿà∑’Ë 2 μ”∫≈¡–¢“¡§Ÿà °‘ËßÕ”‡¿Õπ‘§¡æ—≤π“ ®—ßÀ«—¥√–¬Õß 21180 ‚∑√»—æ∑å : 0-3891-7210, 0-3889-3248 ‚∑√ “√ : 0-3891-7211 ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‡øìß´‘ß ‚¡≈¥å·Õπ¥å¥“¬ ®”°—¥ ª√–°Õ∫∏ÿ√°‘®´àÕ¡·≈–º≈‘μ·¡àæ‘¡æå∑’Ë„™â „π°“√º≈‘μÕÿª°√≥åμà“ßÊ ∑’Ëμ—Èß : 88/18 À¡Ÿà∑’Ë 2 μ”∫≈¡–¢“¡§Ÿà °‘ËßÕ”‡¿Õπ‘§¡æ—≤π“ ®—ßÀ«—¥√–¬Õß 21180 ‚∑√»—æ∑å : 0-3889-3620-27 ‚∑√ “√ : 0-3889-3618 8

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

1. General Information 1.1 The Company SNC Former Public Company Limited engages in the manufacturing of automotive and residential air conditioner parts and assemblies. Location : 103/25-34, Moo 17, Taparuk Road, Bangsaotong District, Bangsaotong Sub-district, Samutprakarn 10540 Registration No. : 0107547000371 Homepage : www.sncformer.com Telephone No. : 0-2705-0820-25, 0-2330-3483-90 Fax No. : 0-2330-3481-2, 0-2705-6890

1.2 Subsidiaries and Associates Subsidiaries SNC Pyongsan Evolution Company Limited engages in metal sheet fabrication. Location : 88/9, 88/18, Moo 2, Makhamku District, Nikom Pattana Sub-district, Rayong 21180 Telephone No. : 0-3889-3620-27 Fax No. : 0-3889-3618 SNC Air-Cond Company Limited engages in the manufacturing of components used in the air condition for building. Location : 88/9, Moo 2, Makhamku District, Nikom Pattana Sub-district, Rayong 21180 Telephone No. : 0-3889-3620-27 Fax No. : 0-3889-3618 Fresh-Tech Manufacturing Company Limited engages in the manufacturing of freezer. Location : 88/18, Moo 2, Makhamku District, Nikom Pattana Sub-district, Rayong 21180 Telephone No. : 0-3891-7210, 0-3889-3248 Fax No. : 0-3891-7211 SNC-Feng Xing Mould & Die Company Limited engages in die and mold maintenance and manufacturing. Location : 88/18, Moo 2, Makhamku District, Nikom Pattana Sub-district, Rayong 21180 Telephone No. : 0-3889-3620-27 Fax No. : 0-3889-3618 9

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

∫√‘…∑— √à«¡ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ´—ß«Ÿ ®”°—¥ ª√–°Õ∫∏ÿ√°‘®º≈‘μÕÿª°√≥å‡§√◊ËÕß°≈·≈–‡§√◊ËÕß®—°√ ”À√—∫Õÿμ “À°√√¡°“√º≈‘μ·≈–ª√–°Õ∫‡§√◊ËÕß ª√—∫Õ“°“» ∑’Ëμ—Èß : 88/18 À¡Ÿà∑’Ë 2 μ”∫≈¡–¢“¡§Ÿà °‘ËßÕ”‡¿Õπ‘§¡æ—≤π“ ®—ßÀ«—¥√–¬Õß 21180 ‚∑√»—æ∑å : 0-3889-3619-27 ‚∑√ “√ : 0-3889-3618

1.3 ¢âÕ¡Ÿ≈∫ÿ§§≈Õâ“ßÕ‘ß π“¬∑–‡∫’¬π

‚∑√»—æ∑å ‚∑√ “√ ºŸâ Õ∫∫—≠™’ ∑’Ëμ—Èß

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‚∑√»—æ∑å ‚∑√ “√

: ∫√‘…—∑»Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥ : ‡≈¢∑’Ë 62 Õ“§“√μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ™—Èπ 4,6,7 ∂ππ√—™¥“¿‘‡…° §≈Õß‡μ¬ °√ÿß‡∑æœ 10110 : 0-2229-2800 : 0-2359-1259 : §ÿ≥ ÿ¡“≈’ √’«√“∫—≥±‘μ ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ‡≈¢∑’Ë 3970 : ∫√‘…—∑ ”π—°ß“π ‡Õ‘π å∑ ·Õπ¥å ¬—ß ®”°—¥ ‡≈¢∑’Ë 193/136-137 Õ“§“√‡≈§√—™¥“ ™—Èπ 33 ∂ππ√—™¥“¿‘‡…° §≈Õß‡μ¬ °√ÿß‡∑æœ 10110 : 0-2264-0777 : 0-2264-0789-90 : §ÿ≥‡Õπ° ‡ ◊Õ√Õ¥ : 103/25-34 À¡Ÿà∑’Ë 17 ∂ππ‡∑æ“√—°…å μ”∫≈∫“ß‡ “∏ß °‘ËßÕ”‡¿Õ∫“ß‡ “∏ß ®—ßÀ«—¥ ¡ÿ∑√ª√“°“√ 10540 : 0-2705-0820-25, 0-2330-3483-90 : 0-2330-3481-2, 0-2705-6890 : §ÿ≥ ÿ√æ≈ ·¬â¡‡°…¡ : ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) 103/25-34 À¡Ÿà∑’Ë 17 ∂ππ‡∑æ“√—°…å μ”∫≈∫“ß‡ “∏ß °‘ËßÕ”‡¿Õ∫“ß‡ “∏ß ®—ßÀ«—¥ ¡ÿ∑√ª√“°“√ 10540 : 0-2705-0820-25, 0-2330-3483-90 : 0-2330-3481-2, 0-2705-6890

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Associates SNC SungWoo Company Limited engages in the manufacturing of mechanical device in production industry and air conditioning equipment. Location : 88/18, Moo 2, Makhamku District, Nikom Pattana Sub-district, Rayong 21180 Telephone No. : 0-3889-3619-27 Fax No. : 0-3889-3618

1.3 References Registrar Location Telephone No. Fax No. Auditor Location Telephone No. Fax No.

: Thailand Securities Depository Company Limited : 62, 4th, 6th, 7th floor, the Stock Exchange of Thailand Building, Ratchadapisek Road, Klongtoey, Bangkok 10110 : 0-2229-2800 : 0-2359-1259 : Sumalee Reewarabandith, Certified Public Accountant (Thailand) No. 3970 : Ernst & Young Office Limited, 193/136-137, 33rd floor, Lake Ratchada Building, Ratchadapisek Road, Klongtoey, Bangkok 10110 : 0-2264-0777 : 0-2264-0789-90

Legal Counsellor : Mr.Anek Suarod Location : 103/25-34, Moo 17, Taparuk Road, Bangsaotong District, Bangsaotong Sub-district, Samutprakarn 10540 Telephone No. : 0-2705-0820-25, 0-2330-3483-90 Fax No. : 0-2330-3481-2, 0-2705-6890 Investor Relation : Mr.Surapol Yamkasem Location : SNC Former Public Company Limited, 103/25-34, Moo 17, Taparuk Road, Bangsaotong District, Bangsaotong Sub-district, Samutprakarn 10540 Telephone No. : 0-2705-0820-25, 0-2330-3483-90 Fax No. : 0-2330-3481-2, 0-2705-6890

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12 §ÿ≥«ÿ≤‘°“√»÷°…“

48 - ª√‘≠≠“‚∑∫√‘À“√∏ÿ√°‘® ¡À“«‘∑¬“≈—¬∫Ÿ√æ“ - Õ∫√¡ DAP √ÿàπ∑’Ë 32

50 - ª√‘≠≠“‚∑ °“√®—¥°“√¿“§√—∞·≈– ‡Õ°™π ∂“∫—π∫—≥±‘μæ—≤π∫√‘À“√»“ μ√å (NIDA) - Certificate in Management , University of California, Berkeley, CA, USA - Õ∫√¡À≈—° Ÿμ√ The Senior Executive Program (SEP) ∂“∫—π Sasin Graduate Institute of Business Administration of Chulalongkorn University - Õ∫√¡ DAP √ÿàπ∑’Ë 31 - Õ∫√¡ DCP √ÿàπ∑’Ë 55 50 - ª√‘≠≠“μ√’»‘≈ª»“ μ√å ¡À“«‘∑¬“≈—¬√“¡§”·Àß - Õ∫√¡ DAP √ÿàπ∑’Ë 31 - Õ∫√¡ DCP √ÿàπ∑’Ë 55 49 - ª√‘≠≠“μ√’π‘μ‘»“ μ√å ¡À“«‘∑¬“≈—¬√“¡§”·Àß - Õ∫√¡ DAP √ÿàπ∑’Ë 20 - Õ∫√¡ DCP √ÿàπ∑’Ë 55

Õ“¬ÿ (ªï)

0.10

1.84

5.75

—¥ à«π°“√ ∂◊ÕÀÿâπ (%)

√“¬≈–‡Õ’¬¥‡°’Ë¬«°—∫§≥–°√√¡°“√ ºŸâ∫√‘À“√ ·≈–ºŸâ¡’Õ”π“®§«∫§ÿ¡¢Õß∫√‘…—∑

1.4. ª√–«—μ‘°√√¡°“√·≈–§≥–ºŸâ∫√‘À“√

¿√‘¬“ ¢Õß 1

§«“¡ —¡æ—π∏å

2549-ªí®®ÿ∫π—

2542-ªí®®ÿ∫π— 2546-ªí®®ÿ∫π— 2547-ªí®®ÿ∫π—

2537-ªí®®ÿ∫π— 2542-ªí®®ÿ∫π— 2549-ªí®®ÿ∫π—

2537-ªí®®ÿ∫π—

2537-2547

2546-2547 2547-2547

2549-ªí®®ÿ∫π—

2548-ªí®®ÿ∫π—

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°√√¡°“√ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) (‡¡◊ËÕ‡¥◊Õπ‡¡…“¬π 2547)

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ª√– ∫°“√≥å∑”ß“π 5 ªï¬âÕπÀ≈—ß μ”·Àπàß ∫√‘…—∑ / Àπà«¬ß“π

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

2 Ms. Anongnart Pongsaroj Director

3 Mr. Surapol Yamkasem Director

4 Mr.Somboon Gurdlin Director

Age (years)

1 Mr.Somchai Thaisanguanvorakul Chairman of Executive Committee

Name - Surname Position

- Master of Business Administration Burapha University - DAP Training (32nd)

- Master of Public and Private Management National Institute of Development Administration (NIDA) - Certificate in Management , University of California, Berkeley, CA, USA - Senior Executive Program (SEP) Sasin Graduate Institute of Business Administration of Chulalongkorn University - DAP Training (31st) - DCP Training (55th) - Bachelor of Arts Ramkamhaeng University - DAP Training (31st) - DCP Training (55th) - Bachelor of Law Ramkamhaeng University - DAP Traning (20th) - DCP Training (55th)

Education

Details of the Directors, Management and Authorized person

1.4 Details of the Directors and Management

0.10

1.84

Percentage of shares holding (%) 5.75

2003 - 2004 2004 - 2004

2006 - Present

2005 - Present

Year

2006 - Present

1999 - Present 2003 - Present 2004 - Present

1994 - Present 1999 - Present 2006 - Present

1994 - 2004 Spouse of No.1 1994 - Present

Relationship

Director Director Director Director Director Director Director Managing Director Director Managing Director Director Director

Chairman of Executive Committee Chairman of Executive Committee Chairman of Executive Committee Chairman of Executive Committee Chairman of Executive Committee Chairman of Executive Committee Chairman of Executive Committee Chairman of Executive Committee Managing Director Managing Director Managing Director Managing Director Managing Director Director (assumed directorship in April 2004)

Position

Company

SNC Former Public Company Limited SAS Innovation Company Limited SNC - Feng Xing Mould & Die Company Limited SNC Sungwoo Company Limited Fresh-Tech Manufacturing Company Limited SAS Innovation Company Limited SNC Former Public Company Limited SNC Air-Cond Company Limited SNC Pyongsan Evolution Company Limited SNC Pyongsan Evolution Company Limited SNC - Feng Xing Mould & Die Company Limited Fresh-Tech Manufacturing Company Limited

SNC Former Public Company Limited SNC Pyongsan Evolution CompanyLimited SNC Air-Cond Company Limited SNC Comp Parts Company Limited SNC Cooling Supply Company Limited SNC - Feng Xing Mould & Die Company Limited SNC SungWoo Company Limited Fresh-Tech Manufacturing Company Limited SNC Holding Company Limited SNC Air-Cond Company Limited SNC Comp Parts Company Limited SNC Cooling Supply Company Limited SNC Former Public Company Limited SNC Former Public Company Limited

5 Years Experience Background

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

56 - ª√‘≠≠“‚∑√—∞ª√–»“ π»“ μ√å ∂“∫—π∫—≥±‘μæ—≤π∫√‘À“√»“ μ√å (NIDA) - ‡¢â“Õ∫√¡ DAP √ÿàπ∑’Ë 20 61 - Osaka Technical College

8 π“¬ ¡™“¬ ‡μ’¬ßÀß…“°ÿ≈ °√√¡°“√μ√«® Õ∫ (‡¡◊ËÕ‡¥◊Õπ‡¡…“¬π 2547)

9 π“¬‡§π®‘ ‚§¥“¡– °√√¡°“√

49 - ª√‘≠≠“μ√’ π‘μ‘»“ μ√å ¡À“«‘∑¬“≈—¬√“¡§”·Àß - Õ∫√¡ DAP √ÿàπ∑’Ë 12 43 - ª√‘≠≠“‚∑ Public and Private Management ∂“∫—π∫—≥±‘μæ—≤π∫√‘À“√»“ μ√å (NIDA) - ‡¢â“Õ∫√¡ DAP √ÿàπ∑’Ë 12

§ÿ≥«ÿ≤‘°“√»÷°…“

6 π“¬Õ“π–«—≤πå π“«‘π∏√√¡ ª√–∏“π°√√¡°“√μ√«® Õ∫ (‡¡◊ËÕ‡¥◊Õπ‡¡…“¬π 2547) 7 π“¬ ÿ°‘® æ—π∏å«‘»«“ °√√¡°“√μ√«® Õ∫ (‡¡◊ËÕ‡¥◊Õπ‡¡…“¬π 2547)

Õ“¬ÿ (ªï)

40 - ª√‘≠≠“‚∑‡»√…∞»“ μ√å ∂“∫—π∫—≥±‘μæ—≤π∫√‘À“√»“ μ√å (NIDA) - Õ∫√¡ DAP √ÿàπ∑’Ë 33

™◊ËÕ - °ÿ≈ μ”·Àπàß

5 π“¬ “¡‘μμå º≈‘μ°√√¡ °√√¡°“√

14 0.86

§«“¡ —¡æ—π∏å

0.20

0.55

—¥ à«π°“√ ∂◊ÕÀÿâπ (%)

√“¬≈–‡Õ’¬¥‡°’Ë¬«°—∫§≥–°√√¡°“√ ºŸâ∫√‘À“√ ·≈–ºŸâ¡’Õ”π“®§«∫§ÿ¡¢Õß∫√‘…—∑

1.4 ª√–«—μ‘°√√¡°“√·≈–§≥–ºŸâ∫√‘À“√

2533-ªí®®ÿ∫π—

2519-2547

2547-ªí®®ÿ∫π— 2548-ªí®®ÿ∫π—

2537-ªí®®ÿ∫π— 2545-ªí®®ÿ∫π— 2546-ªí®®ÿ∫π—

2543-ªí®®ÿ∫π— 2544-ªí®®ÿ∫π—

2549-ªí®®ÿ∫π—

2548-ªí®®ÿ∫π— 2545-2547 2542-2544 2545-ªí®®ÿ∫π— 2547-ªí®®ÿ∫π—

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°√√¡°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√ ºŸâ®—¥°“√ à«πÕ”π«¬°“√ ¿Ÿ¡‘¿“§∑’Ë 3 ºŸâÕ”π«¬°“√‡¢μæ√–‚¢πß

°√√¡°“√ºŸâ®—¥°“√ °√√¡°“√ ºŸ®â ¥— °“√∑—«Ë ‰ª °√√¡°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√ºŸâ®—¥°“√ °√√¡°“√

ª√– ∫°“√≥å∑”ß“π 5 ªï¬âÕπÀ≈—ß μ”·Àπàß ∫√‘…—∑ / Àπà«¬ß“π

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

6 Mr. Anavat Nawintham Chairman of the Audit Committee (assumed directorship in April 2004) 7 Mr. Sukit Panvisavas Audit Committee (assumed directorship in April 2004)

8 Mr. Somchai Taenghongsakul Audit Committee (assumed directorship in April 2004)

9 Mr. Kenji Kodama Director

Age (years)

5 Mr. Samitt Palitagram Director

Name - Surname Position

- Master of Science in Political Science National Institute of Development Administration (NIDA) - DAP Training (20th) - Osaka Technical College

- Bachelor of Law Ramkhamhaeng University - DAP Training (12th) - Master of Public and Private Management National Institute of Development Administration (NIDA) - DAP Training (12th)

- Master of Economics National Institute of Development Administration - DAP Training (33rd)

Education

Details of the Directors, Management and Authorized person

1.4 Details of the Directors and Management

0.86

0.20

0.55

Percentage of shares holding (%)

Relationship

1990 - Present

Union Consultant Auditing office Company Limited Stretom Test Company Limited S.R.A. Construction Company Limited Winner Online Company Limited Srikari Cholartea Company Limited Quest Media Company Limited Telephone Organization of Thailand Telephone Organization of Thailand

SNC Former Public Company Limited SNC Former Public Company Limited SNC Former Public Company Limited SNC Air-Cond Company Limited SNC Comp Part Company Limited SNC Coling Supply Company Limited SNC-Feng Xing Mould & Die Company Limited SNC SungWoo Company Limited Fresh-Tech Manufacturing Company Limited Sarin Property Company Limited Sarin Planner Company Limited

Company

Director SNC Former Public Company Limited (assumed directorship in April 2004)

Director Director Director Director Director Section Manager, Area 3 Phrakanong district manager

2002 - Present 2003 - Present

2004 - Present 2005 - Present 1976 - 2004

Director

Director Director Managing Director Director

Managing Director Director General Manager Director Director Director Director

Position

1994 - Present

2000 - Present 2001 - Present

2006 - Present

2005 - Present 2002 - 2004 1999 - 2001 2002 - Present 2004 - Present

Year

5 Years Experience Background

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

41 - ª√‘≠≠“‚∑√—∞ª√–»“ π»“ μ√å ∂“∫—π∫—≥±‘μæ—≤π∫√‘À“√»“ μ√å (NIDA)

15 π“¬‡º¥Á® ¡πμå∫ÿ√’ππ∑å ºŸâ∫√‘À“√

13 π“¬‡§‡Õ™ ·¡§ ºŸâ∫√‘À“√

12 π“¬ÕŸ‡¡Õ‘ ‚μ™‘‡Õ– ºŸâ∫√‘À“√

58 - Mechanical Engineering of Tohoku Gakuin University.

§ÿ≥«ÿ≤‘°“√»÷°…“

14 π“¬‚¬™‘∑“‡°– §Õπ‚π– ºŸâ∫√‘À“√

Õ“¬ÿ (ªï)

64 - Mechanical of Nakatsu Technical Senior High School 58 - ª√‘≠≠“μ√’°“√®—¥°“√∑—Ë«‰ª (°“√∫√‘À“√°“√º≈‘μ) ¡À“«‘∑¬“≈—¬√“™¿—Æ©–‡™‘ß‡∑√“ 66 - The School of Business Administration of SANNO. College, Jiyugaoka. 66 - University of Hongkong (B.S.C Eng.)

™◊ËÕ - °ÿ≈ μ”·Àπàß

10 π“¬øŸ¡‘‡Õ°‘ ∑“§“Œ“™‘ °√√¡°“√ 11 π“¬ ÿæ®πå ∏’√æß…å ºŸâ∫√‘À“√

16 -

§«“¡ —¡æ—π∏å

0.73

—¥ à«π°“√ ∂◊ÕÀÿâπ (%)

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1.4 ª√–«—μ‘°√√¡°“√·≈–§≥–ºŸâ∫√‘À“√

2543-2549 2549-ªí®®ÿ∫π— 2547-2549 2546-2547 2549-ªí®®ÿ∫π— 2540-2548

2549-ªí®®ÿ∫π—

2549-ªí®®ÿ∫π— 2547-2549

2548-ªí®®ÿ∫π— 2515-2547

2543-ªí®®ÿ∫π—

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ºŸâ∫√‘À“√ ºŸâ∫√‘À“√ °√√¡°“√ºŸâ∫√‘À“√ ºŸâ∫√‘À“√ ºŸâ∫√‘À“√ ºŸâ∫√‘À“√ °√√¡°“√ºŸâ®—¥°“√ ºŸ®â ¥— °“√∑—«Ë ‰ª

ºŸâ∫√‘À“√ ºŸâ∫√‘À“√

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ª√– ∫°“√≥å∑”ß“π 5 ªï¬âÕπÀ≈—ß μ”·Àπàß ∫√‘…—∑ / Àπà«¬ß“π

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

13 Mr. K.H. Mak Executive Committee

14 Mr. Yoshitake Konno Executive Committee

15 Mr. Padej Montburinont Executive Committee

Age (years)

12 Mr. Umei Tochio Executive Committee

10 Mr. Fumiaki Takahashi Director 11 Mr. Suphot Teerapong Executive Committee

Name - Surname Position

- Master of Science in Political Science National Institute of Development Administration (NIDA)

- Mechanical Engineering of Tohoku Gakuin University

- Mechanical of Nakatsu Technical Senior High School - Bachelor in General Management (Production Management) Chacherngsao Rajabhat University - The School of Business Administration of SANNO College, Jiyugaoka. - University of Hongkong (B.S.C Eng)

Education

Details of the Directors, Management and Authorized person

1.4 Details of the Directors and Management

Percentage of shares holding (%) 0.73

Relationship

2000 - 2006 2006 - Present 2004 - 2006 2003 - 2004 2006 - Present 1997 - 2005

2006 - Present

2006 - Present 2004 - 2006

2005 - Present 1972 - 2004

2000 - Present

Year

Company

Executive Committee Executive Committee Managing Director Executive Committee Executive Committee Executive Committee Managing Director General Manager

Executive Committee Executive Committee

SNC Pyongsan Evolution Company Limited SNC Air-Cond Company Limited YORK INDUSTRIAL (THAILAND) CO., LTD. SNC Pyongsan Evolution Company Limited SNC Cooling Supply Co., Ltd Daikyo International (Thailand) co.,Ltd. Fresh-Tech Manufacturing Company Limited Siam Electrical Manufacturing Company Limited

SNC Pyongsan Evolution Company Limited SNC Air-Cond Company Limited

Director SNC Former Public Company Limited (assumed directorship in April 2004) Executive Committee SNC Former Public Company Limited Execrtive Committee SANYO Universal Electric Company Limited

Position

5 Years Experience Background

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

2. ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π‚¥¬ √ÿª ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π

2549 ß∫√«¡

2548 ß∫√«¡

2547 ß∫√«¡

√“¬‰¥â®“°°“√¢“¬ (≈â“π∫“∑) °”‰√ ÿ∑∏‘ (≈â“π∫“∑) ‘π∑√—æ¬å√«¡ (≈â“π∫“∑) Àπ’È ‘π√«¡ (≈â“π∫“∑) à«π¢ÕßºŸâ∂◊ÕÀÿâπ (≈â“π∫“∑)

2,035.27 163.28 1,487.31 929.74 557.57

1,277.21 122.15 1,037.43 558.04 479.39

834.26 78.56 680.57 265.94 414.62

1.00 0.78 54 31 66 19

1.28 1.01 62 33 58 37

2.13 1.74 65 29 58 36

Õ—μ√“ à«π· ¥ß§«“¡ “¡“√∂„π°“√À“°”‰√ Õ—μ√“°”‰√¢—Èπμâπ Õ—μ√“°”‰√®“°°“√¥”‡π‘πß“π Õ—μ√“°”‰√ ÿ∑∏‘ Õ—μ√“º≈μÕ∫·∑πºŸâ∂◊ÕÀÿâπ °”‰√ ÿ∑∏‘μàÕÀÿâπ (∫“∑)

18% 11% 8.02% 31% 0.81

23% 13% 9.56% 27% 0.61

26% 14% 9.42% 32% 0.51

Õ—μ√“ à«π· ¥ßª√– ‘∑∏‘¿“æ„π°“√¥”‡π‘πß“π Õ—μ√“º≈μÕ∫·∑π®“° ‘π∑√—æ¬å Õ—μ√“º≈μÕ∫·∑π®“° ‘π∑√—æ¬å∂“«√ Õ—μ√“°“√À¡ÿπ¢Õß ‘π∑√—æ¬å (§√—Èß)

18% 43% 1.61

20% 56% 1.49

24% 84% 1.67

Õ—μ√“ à«π«—¥ª√– ‘∑∏‘¿“æ„π°“√∫√‘À“√Àπ’È ‘π Õ—μ√“ à«πÀπ’È ‘πμàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ (‡∑à“) Õ—μ√“ à«πÀπ’È ‘π∑’Ë¡’¥Õ°‡∫’È¬μàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ (‡∑à“) Õ—μ√“ à«π§«“¡ “¡“√∂™”√–¥Õ°‡∫’È¬ (‡∑à“) Õ—μ√“ à«π§«“¡ “¡“√∂™”√–¿“√–ºŸ°æ—π (‡∑à“)

1.67 0.48 20.48 0.35

1.16 0.44 28.96 0.62

0.64 0.16 30.76 0.95

Õ—μ√“ à«π ¿“æ§≈àÕß Õ—μ√“ à«π ¿“æ§≈àÕß (‡∑à“) Õ—μ√“ à«π ¿“æ§≈àÕßÀ¡ÿπ‡√Á« (‡∑à“) √–¬–‡«≈“‡°Á∫Àπ’È‡©≈’Ë¬ («—π) √–¬–‡«≈“¢“¬ ‘π§â“‡©≈’Ë¬ («—π) √–¬–‡«≈“™”√–Àπ’È («—π) «ß®√‡ß‘π ¥ («—π)

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

2. Financial Highlights SNC Former Public Company Limited Financial Ratios Sales (Million Baht) Net profit (Million Baht) Total assets (Million Baht) Total liabilities (Million Baht) Equity (Million Baht)

2006 2005 2004 Consolidated Consolidated Consolidated 2,035.27 163.28 1,487.31 929.74 557.57

1,277.21 122.15 1,037.43 558.04 479.39

834.26 78.56 680.57 265.94 414.62

1.00 0.78 54 31 66 19

1.28 1.01 62 33 58 37

2.13 1.74 65 29 58 36

Profitability Ratio Gross profit margin Operating profit margin Net profit margin Return on equity Earnings per share (Baht)

18% 11% 8.02% 31% 0.81

23% 13% 9.56% 27% 0.61

26% 14% 9.42% 32% 0.51

Efficiency Ratio Return on assets Return on fixed assets Assets turnover (Times)

18% 43% 1.61

20% 56% 1.49

24% 84% 1.67

Liabilities management efficiency ratio Debt to equity ratio (Times) Interest bearing debts to equity ratio (Times) Interest coverage ratio (Times) Debt service coverage ratio (Times)

1.67 0.48 20.48 0.35

1.16 0.44 28.96 0.62

0.64 0.16 30.76 0.95

Liquidity Ratio Current ratio (Times) Quick ratio (Times) Collection period (Days) Inventory turnover period (Days) Payment period (Days) Cash cycle (Days)

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

3. ≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘® 3.1 ≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘®·≈–π‚¬∫“¬°“√·∫àß°“√¥”‡π‘πß“π ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ª√–°Õ∫∏ÿ√°‘®‡√‘Ë¡·√°„πªï 2537 ®“°°“√ º≈‘μ™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»„π√∂¬πμå º≈‘μ™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√ ·≈–º≈‘μ™‘Èπ à«π §Õ¡‡æ√ ‡´Õ√å μàÕ¡“‰¥â‡æ‘¡Ë “¬°“√º≈‘μ‡ªìπºŸºâ ≈‘μ™‘πÈ à«π·∫∫‡ªìπ™ÿ¥ ”À√—∫‡§√◊ÕË ßª√—∫Õ“°“»„π√∂¬πμå ·≈–‡§√◊ËÕßª√—∫Õ“°“»„πÕ“§“√ „πªï 2548 ∫√‘…—∑¢¬“¬°‘®°“√‚¥¬ª√–°Õ∫∏ÿ√°‘®¢÷Èπ√Ÿª‚≈À–·ºàπ ”À√—∫ ‡§√◊Ë Õ ß„™â ‰øøÑ “ √«¡∂÷ ß ∏ÿ √ °‘ ® º≈‘ μ ‡§√◊Ë Õ ß·™à · ¢Á ß ∂πÕ¡Õ“À“√ „πªï 2550 ∫√‘ …— ∑ ª√–°Õ∫∏ÿ √ °‘ ® ‡æ‘Ë ¡ Õ’ ° §◊ Õ √— ∫ ®â “ ß´à Õ ¡·≈–º≈‘ μ ·¡à æ‘ ¡ æå ‡ æ◊Ë Õ √Õß√— ∫ ∏ÿ √ °‘ ® ¢÷È π √Ÿ ª ‚≈À–·ºà π ·≈–º≈‘ μ Õÿ ª °√≥å ‡ §√◊Ë Õ ß°≈ ·≈–‡§√◊ËÕß®—°√ ”À√—∫Õÿμ “À°√√¡°“√º≈‘μ·≈–ª√–°Õ∫‡§√◊ËÕßª√—∫Õ“°“» ∫√‘…—∑®—¥‚§√ß √â“ß°“√®—¥°“√·≈–‚§√ß √â“ß‡ß‘π∑ÿπ¢Õß°≈ÿà¡∫√‘…—∑ „Àâ‡ªìπ‰ªμ“¡°≈¬ÿ∑∏ °“√‡μ‘∫‚μ·≈–‡æ‘Ë¡¢’¥§«“¡ “¡“√∂„π°“√·¢àß¢—π ‚¥¬·∫àß‚§√ß √â“ß°“√®—¥°“√·≈–‚§√ß √â“ß‡ß‘π∑ÿπ ¢Õß°≈ÿà¡∫√‘…—∑¥—ßπ’È

∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‚Œ≈¥‘Èß å ®”°—¥

50.15% ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

99.99% ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ·Õ√å§Õπ¥å ®”°—¥

99.99%

99.99% ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‰æ¬Õß´“π Õ’ ‚«≈Ÿ™—Ëπ ®”°—¥

∫√‘…—∑ ‡ø√™ ‡∑§ ·¡πŸ·ø°‡®Õ√‘Ëß ®”°—¥

90.0% ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‡øìß´‘ß ‚¡≈¥å·Õπ¥å¥“¬ ®”°—¥

40.0% ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ´—ß«Ÿ ®”°—¥

99.99% ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ §Õ¡æå æ“√å∑ ®”°—¥ (À¬ÿ¥¥”‡π‘πß“π)

99.99% ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ §Ÿ≈≈‘Ëß ´—ææ≈“¬ ®”°—¥ (À¬ÿ¥¥”‡π‘πß“π)

99.99% ∫√‘…—∑ ‡Õ ‡Õ ‡Õ Õ‘π‚π‡«™—Ëπ ®”°—¥ (¬—ß¡‘‰¥â¥”‡π‘πß“π)

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

3. Business Operation 3.1 Business Operation and Business Management Policy SNC Former Public Company Limited commenced its business in 1994, involving in the manufacturing of automotive and residential air conditioner parts and compressor parts. Subsequently, the Company enlarged its business to produce sets for automotive and residential air conditioner. In 2005, the Company started to provide metal sheet fabrication service for electrical appliances and to manufacture freezer. Currently, in 2007, the Company entered into the business relating to maintenance and manufacturing of die and mold for metal sheet fabrication, including manufacturing of mechanical device for production business and air conditioning assembly. The Company sets its management and capital structure of its group according to the growth strategy and competitiveness enhancement through the following groups structure:

SNC Holding co.,Ltd.

50.15%

SNC Former Public Company Limited

99.99%

SNC Air-Cond Company Limited

99.99%

90.0%

SNC Pyongsan Evolution Company Limited

Fresh-Tech Manufacturing Company Limited

SNC-Feng Xing Mould & Die Company Limited

40.0%

SNC Sungwoo Company Limited

99.99%

SNC Comp-Parts Company Limited

SNC Cooling Supply Company Limited

99.99% SAS Innovation Company Limited

(ceased its operations)

(not commence operation)

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ª√–°Õ∫∏ÿ√°‘®º≈‘μ™‘πÈ à«π‡§√◊ÕË ßª√—∫Õ“°“»„π√∂¬πμå ™‘πÈ à«π‡§√◊ÕË ßª√—∫Õ“°“»¿“¬„πÕ“§“√ ·≈– ™‘È π à « π∑à Õ ∑Õß·¥ß∑’Ë „ ™â „π‡§√◊ËÕß∑”§«“¡‡¬Áπª√–‡¿∑μŸâ‡¬Áπ ‚¥¬∑”°“√º≈‘μμ“¡§” —Ëß´◊ÈÕ´÷Ëß≈Ÿ°§â“ ®–π”º≈‘μ¿—≥±å¢Õß∫√‘…—∑‰ªª√–°Õ∫√à«¡°—∫™‘Èπ à«πÕ◊ËπÊ ‡æ◊ËÕº≈‘μ‡ªìπ ‘π§â“ ”‡√Á®√Ÿª®”Àπà“¬∑—Èß„π ª√–‡∑»·≈–μà“ßª√–‡∑» ªí®®ÿ∫π— ∫√‘…∑— ¡’∑πÿ ®¥∑–‡∫’¬π·≈–‡√’¬°™”√–·≈â«®”π«π 201,403,239 ∫“∑ ‚¥¬ ¡’∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‚Œ≈¥‘Èß ®”°—¥ ∂◊ÕÀÿâπ 50.15% ∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‰æ¬Õß´“π Õ’ ‚«≈Ÿ™—Ëπ ®”°—¥ ª√–°Õ∫∏ÿ√°‘®¢÷Èπ√Ÿª‚≈À–·ºàπ ”À√—∫‡§√◊ËÕß´—°ºâ“ μŸâ‡¬Áπ ‡μ“Õ∫‰¡‚§√‡«ø º≈‘μ¿—≥±åÕ‘‡≈Á§ ∑√Õπ‘§ å ·≈–‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√„Àâ·°àºŸâº≈‘μ‡§√◊ËÕß„™â ‰øøÑ“™—Èππ”‡æ◊ËÕ®”Àπà“¬„πª√–‡∑» ·≈– à ß ÕÕ°∑“ßÕâ Õ ¡„Àâ · °à ª √–‡∑»„π°≈ÿà ¡ AFTA ·≈–ª√–‡∑»ÕÕ ‡μ√‡≈’ ¬ ‚¥¬‡ªî ¥ ¥”‡π‘ π °“√ ‡™‘ßæ“≥‘™¬å„π‡¥◊Õπ°√°Æ“§¡ æ.». 2548 ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‰æ¬Õß´“π Õ’ ‚«≈Ÿ™—Ëπ ®”°—¥ ‡æ‘Ë¡∑ÿπ ®¥∑–‡∫’¬π„π‡¥◊Õπ∏—π«“§¡ æ.». 2548 ®”π«π 48 ≈â“π∫“∑ ·≈–‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π„π‡¥◊Õπ ¡‘∂ÿπ“¬π æ.».2549 Õ’° 70 ≈â“π∫“∑ ªí®®ÿ∫—π∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‰æ¬Õß´“π Õ’ ‚«≈Ÿ™—Ëπ ®”°—¥ ¡’∑ÿπ ®¥∑–‡∫’¬π·≈–™”√–·≈â«®”π«π 150.0 ≈â“π∫“∑ ‚¥¬∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ∂◊ÕÀÿâπ 99.99% ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ·Õ√å-§Õπ¥å ®”°—¥ ª√–°Õ∫∏ÿ √ °‘ ® º≈‘ μ ™ÿ ¥ ™‘È π à « π∑à Õ ‚≈À–∑’Ë „ ™â „π√–∫∫‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√·≈–º≈‘μ ™‘Èπ à«π‚≈À– ”À√—∫§Õ¡‡æ√ ‡´Õ√å ‡æ◊ËÕ®”Àπà“¬„Àâ·°à∫√‘…—∑ºŸâº≈‘μ∑’Ë¡’ “¬°“√º≈‘μ¢Õßμπ‡Õß·μàª√– ß§å ®–®â“ß∫√‘…—∑‡ªìπºŸâº≈‘μ™ÿ¥™‘Èπ à«π·∑π (Outsource) μ—ÈßÕ¬Ÿà∑’Ë®—ßÀ«—¥√–¬Õß ‡æ◊ËÕ‡ªìπ»Ÿπ¬å°≈“ß°“√„Àâ ∫√‘°“√·°à≈Ÿ°§â“„π‡¢μ®—ßÀ«—¥√–¬Õß ™≈∫ÿ√’ ·≈–æ◊Èπ∑’Ë „°≈â‡§’¬ß ªí®®ÿ∫—π∫√‘…—∑¡’∑ÿπ®¥∑–‡∫’¬π·≈–‡√’¬° ™”√–·≈â«®”π«π 30.0 ≈â“π∫“∑ ‚¥¬∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ∂◊ÕÀÿâπ 99.99% ∫√‘…—∑ ‡ø√™‡∑§ ‡¡πŸ·ø°‡®Õ√‘Ëß ®”°—¥ ª√–°Õ∫∏ÿ√°‘®º≈‘μ‡§√◊ËÕß·™à·¢Áß∂πÕ¡Õ“À“√ (FREEZER) ¡’∑ÿπ®¥∑–‡∫’¬π·≈–‡√’¬°™”√–·≈â« ®”π«π 10.0 ≈â“π∫“∑ ‚¥¬∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ∂◊ÕÀÿâπ 99.99% ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‡øìß´‘ß ‚¡≈¥å·Õπ¥å¥“¬ ®”°—¥ ª√–°Õ∫∏ÿ√°‘®√—∫®â“ß´àÕ¡·≈–º≈‘μ·¡àæ‘¡æå‡æ◊ËÕ√Õß√—∫∏ÿ√°‘®¢÷Èπ√Ÿª‚≈À–·ºàπ ´÷Ëß‡ªìπ°“√√à«¡∑ÿπ °—∫æ—π∏¡‘μ√®“°ª√–‡∑»®’π ¡’∑ÿπ®¥∑–‡∫’¬π®”π«π 10.0 ≈â“π∫“∑‚¥¬∫√‘…—∑‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ∂◊ÕÀÿâπ 90.0% ·≈–®’π∂◊ÕÀÿâπ 10% ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ §Õ¡æå æ“√å∑ ®”°—¥ (À¬ÿ¥¥”‡π‘πß“π) ª√–°Õ∫∏ÿ√°‘®º≈‘μ™‘Èπ à«π‚≈À– ”À√—∫§Õ¡‡æ√ ‡´Õ√å ‚¥¬∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ∂◊ÕÀÿâπ∑—ÈßÀ¡¥ 99.99% μàÕ¡“„π‡¥◊Õπ∏—π«“§¡ æ.». 2548 °“√º≈‘μ™‘Èπ à«π‚≈À– ”À√—∫ §Õ¡‡æ√ ‡´Õ√å ‰¥â ‚Õπ¬â“¬‰ªº≈‘μ·≈–®”Àπà“¬¿“¬„μâ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ·Õ√å-§Õπ¥å ®”°—¥ ‡æ◊ËÕ°“√„Àâ ∫√‘°“√∑’Ë√«¥‡√Á«¢÷Èπ ”À√—∫≈Ÿ°§â“„π‡¢μ®—ßÀ«—¥√–¬Õß ™≈∫ÿ√’ μ≈Õ¥®πæ◊Èπ∑’Ë „°≈â‡§’¬ß ·≈–„π‡¥◊Õπ°—π¬“¬π æ.».2549 ‰¥â ‚Õπ¬â“¬‰ªº≈‘μ·≈–®”Àπà“¬¿“¬„μâ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‰æ¬Õß´“π Õ’ ‚«≈Ÿ™—Ëπ ®”°—¥ ‡æ◊ËÕª√–‚¬™πå„π°“√∫√‘À“√®—¥°“√∑’Ë¡’ª√– ‘∑∏‘¿“æ 22

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

SNC Former Public Company Limited Its business engages in the manufacturing of automotive and residential air conditioner parts, including copper pipe for refrigerator according to the client没s orders for further products assembly both domestic and export. At present, the registered and paid-up capital of the Company is Baht 201,403,239, with 50.15% stake held by SNC Holding Company Limited. Subsidiaries SNC Pyongsan Evolution Company Limited SNC Pyongsan Evolution Company Limited involves in metal sheet fabrication for washing machine, refrigerator, microwave, electronic products and residential air conditioner. Its products serve the leading electrical appliance manufacturers who own the distribution network in domestic and export market through AFTA countries and Australia. The commercial operation was fully started in July 2005. SNC Pyongsan Evolution Company Limited, in December 2005 and June 2006, increased its registered capital by Baht 48 million and Baht 70 million, respectively, resulting in the current registered and paid-up capital of Baht 150.0 million with 99.99% stake held by SNC Former Public Company Limited. SNC Air-Cond Company Limited Its business engages in the manufacturing of steel pipe used in the air condition for building including metal parts for compressor and sell to Original Equipment Manufacturers who outsource some parts of their production to the company. The company没s plant is located in Rayong province as the center for clients covering Rayong, Chonburi and surrounding area. The current registered and paid-up capital is Baht 30.0 million with 99.99 % stake held by SNC Former Public Company Limited. Fresh-Tech Manufacturing Company Limited The company没s business involves in the freezer manufacturing with the registered and paid-up capital of Baht 10.0 million with 99.99% stake held by SNC Former Public Company Limited. SNC-Feng Xing Mould & Die Company Limited The company provides die and mold maintenance service and manufacturing, jointly with strategic partners from China with the registered capital of Baht 10.0 million with 90.00% and 10.00% stake held by SNC Former Public Company Limited and the said partner, respectively. SNC Comp-Parts Company Limited (ceased its operation) Its business involves in the metal parts manufacturing for compressor with 99.99% owned by SNC Former Public Company Limited. Subsequently, in December 2005, the manufacturing of metal parts for compressor was transferred to operate under SNC Air-Cond Company Limited in order to enhance prompt services to the clients in Rayong, Chonburi and surrounding area. Later in September 2006, the production was transferred to SNC Pyongsan Evolution Company Limited for to acheive efficient management. 23

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

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3.2 ‚§√ß √â“ß√“¬‰¥â “¬º≈‘μ¿—≥±å / °≈ÿà¡∏ÿ√°‘® ™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»„π√∂¬πμå ™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√ ™‘Èπ à«π§Õ¡‡æ√ ‡´Õ√å ‚≈À–·ºàπ¢÷Èπ√Ÿª √«¡√“¬‰¥â

2549 365,320 1,228,902 181,532 259,525 2,035,279

2548

18 335,191 60 759,094 9 151,320 13 31,609 100 1,277,214

(√“¬‰¥â : æ—π∫“∑) 2547 %

26 60 12 2 100

216,795 26 482,658 58 134,810 16 834,263 100

3.3 °“√‡ª≈’Ë¬π·ª≈ß∑’Ë ”§—≠¢Õß·μà≈– “¬º≈‘μ¿—≥±å 3.3.1 °≈ÿà¡™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»„π√∂¬πμå º≈‘μ¿—≥±å¢Õß∫√‘…—∑„π°≈ÿà¡π’Èª√–°Õ∫¥â«¬ ™ÿ¥∑àÕÕ≈Ÿ¡‘‡π’¬¡ ”À√—∫‡§√◊ËÕßª√—∫Õ“°“»„π√∂¬πμå ™ÿ¥∑àÕ‡À≈Á°·≈–∑àÕ∑Õß‡À≈◊Õß ”À√—∫‡§√◊ËÕß¬πμå ‚¥¬¡’≈Ÿ°§â“À≈—°∑’Ë „™âº≈‘μ¿—≥±å¢Õß∫√‘…—∑ ¥—ßπ’È

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

SNC Cooling Supply Company Limited (ceased its operation) SNC Cooling Supply Company Limited manufactured the sets for residential air conditioner and distribute to one major client with 99.99% owned by SNC Former Public Company Limited. In October, 2005, the production was transferred to SNC Former Public Company Limited for more efficient management. SAS Innovation Company Limited (not commence operation) SAS Innovation Company Limited owns the plot of land in Muang Lampang district, Lampang for the total of 73 rai, with the purpose to support property development project or the Rectangular Economic Project among China, Lao and Myanmar which may become the hub for business expansion to southern China. At present, SAS Innovation Company Limited has no operation and business plan. Its current registered and paid-up capital is Baht 14.0 million, with 99.99% held by SNC Former Public Company Limited. Associates SNC SungWoo Company Limited This company engages in the manufacturing of mechanical device for electrical appliance manufacturing, air conditioner and automobile equipment. Registered capital of the company is Baht 10.0 million. Being a joint venture, SungWoo Cartron Co., Ltd. from Korean holds 60% while SNC Pyongsan Evolution Company Limited, subsidiary of the Company holds 40%.

3.2 Revenue Structure Product Line / Business Unit Automobiles air conditioner parts Indoor air conditioner parts Compressor parts Metal Fabrication parts Total revenue

2006 365,320 1,228,902 181,532 259,525 2,035,279

% 2005 18 335,191 60 759,094 9 151,320 13 31,609 100 1,277,214

% 26 60 12 2 100

(Thousand Baht) 2004 % 216,795 26 482,658 58 134,810 16 834,263 100

3.3 Significant Change of the Company没s Product Lines 3.3.1 Automobiles Air Conditioner Parts Business Group The products of this business group comprises of aluminum pipe for automobile air conditioner, steel pipe and brass pipe set for automobile, with the major customers as follows:

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≈Ÿ°§â“ Valeo Siam Calsonic

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°≈ÿà¡™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„π√∂¬πμå §à“¬√∂ ™◊ÕË √ÿπà Nissan Big M, Teana, Sunny Mitsubishi Lancer, Triton Isuzu D-Max Ford Ranger Isuzu D-Max Honda Civic, Accord Toyota Vigo, Camry, Yaris Isuzu Isuzu Ford Mazda GM Ford (Export)

D-Max D-Max Ranger BT50 Optra KA

™‘Èπ à«πª√–°Õ∫ ™‘Èπ à«π·Õ√å√∂ ™‘Èπ à«π·Õ√å√∂ ™‘Èπ à«π INTERCOOLER ™‘Èπ à«π INTERCOOLER ™‘Èπ à«π·Õ√å√∂ ™‘Èπ à«π·Õ√å√∂ ™‘Èπ à«π·Õ√å√∂·≈– ™‘Èπ à«πÀ¡âÕπÈ” ™‘Èπ à«πªíö¡πÈ”¡—π¥’‡´≈ ™‘Èπ à«π·°πæ«ß¡“≈—¬ ™‘Èπ à«π·Õ√å√∂ ™‘Èπ à«π·Õ√å√∂ ™‘Èπ à«π·Õ√å√∂ ™‘Èπ à«π·Õ√å√∂

°“√μ≈“¥·≈–¿“«–°“√·¢àß¢—π Õÿμ “À°√√¡√∂¬πμå „πª√–‡∑»‰∑¬‡ªìπÕÿμ “À°√√¡∑’Ë¡’§«“¡ ”§—≠μàÕ°“√æ—≤π“‡»√…∞°‘® ¢Õßª√–‡∑» ∑—Èß„π¥â“π°“√º≈‘μ °“√μ≈“¥ °“√®â“ßß“π °“√æ—≤π“‡∑§‚π‚≈¬’ ·≈–§«“¡‡™◊ËÕ¡‚¬ß °—∫Õÿμ “À°√√¡μàÕ‡π◊ËÕßÕ◊ËπÊ Õ’°À≈“¬ª√–‡¿∑ „π¥â“π°“√≈ß∑ÿπª√–‡∑»‰∑¬‡ªìπ»Ÿπ¬å√«¡¢ÕßºŸâº≈‘μ¬“π ¬πμå∑—Ë«‚≈°∑—Èß®“° §à“¬≠’ËªÿÉπ ¬ÿ‚√ª ·≈–Õ‡¡√‘°“‡Àπ◊Õ ·≈–‡ªìπ∞“π°“√º≈‘μ√∂¬πμåªî§Õ—æ·≈– √∂®—°√¬“π¬πμåÕ—π¥—∫μâπ¢Õß‚≈° ®“°¿“«–μ≈“¥√∂¬πμå¿“¬„πª√–‡∑»´÷Ëß¡’·¢àß¢—π®“°§à“¬√∂¬πμå¬’ËÀâÕμà“ßÊ ´÷Ëßªí®®—¬ à«πÀπ÷Ëß ∑’Ë¡’º≈°√–μÿâπ¬Õ¥°“√®”Àπà“¬¡“®“°°“√‡ªî¥μ—«¢Õß√∂¬πμåπ—Ëß√ÿàπ„À¡àÕÕ° Ÿàμ≈“¥ ‚¥¬‡©æ“–√∂¬πμåπ—Ëß ¢π“¥‡§√◊ËÕß¬πμå ‰ ¡à‡°‘π 1,800 ´’´’. àßº≈„Àâμ≈“¥√∂¬πμå‡μ‘∫‚μ¢÷ÈπÕ¬à“ß¡“° πÕ°®“°π’È¿“§√—∞∫“≈ ¬—ß§“¥°“√≥å„π√–¬–‡«≈“ 5 ªï¢â“ßÀπâ“«à“·π«‚πâ¡°”≈—ß°“√º≈‘μ®–‡μ‘∫‚μ‡ªìπª√–¡“≥ 2.0 ≈â“π§—πμàÕªï ´÷ËßºŸâª√–°Õ∫°“√∑’Ë ”§—≠ ‰¥â·°à °≈ÿà¡∫√‘…—∑ Õ’´Ÿ´ÿ¡Õ‡μÕ√å (ª√–‡∑»‰∑¬) ®”°—¥ °≈ÿà¡∫√‘…—∑ ¬“¡π‘ —π ÕÕ‚μ‚¡∫‘≈ ®”°—¥ °≈ÿà¡∫√‘…—∑‚μ‚¬μâ“¡Õ‡μÕ√å (ª√–‡∑»‰∑¬) ®”°—¥ °≈ÿà¡∫√‘…—∑ ‡ÕÁ¡‡ÕÁ¡´’ ‘∑∏‘º≈ ®”°—¥ ·≈–°≈ÿà¡∫√‘…—∑ ŒÕπ¥â“ ®”°—¥ ·≈–®“°°“√∑’Ëª√–‡∑»‰∑¬‡ªìπ»Ÿπ¬å°≈“ß°“√º≈‘μ√∂¬πμå„π¿Ÿ¡‘¿“§‡Õ‡™’¬ μ≈“¥°“√ àßÕÕ°√∂¬πμå∑’Ë ”§—≠·∫àßÕÕ°‡ªìπ ● ● ●

μ≈“¥ àßÕÕ°√∂¬πμå ‰¥â·°à ‡∫≈‡¬’Ë¬¡ ≠’ËªÿÉπ ÕÕ ‡μ√‡≈’¬ Õ‘π‚¥π’‡´’¬ ·≈–®’π μ≈“¥ àßÕÕ°√∂·«π·≈–√∂ªî§Õ—æ ‰¥â·°à À√“™Õ“≥“®—°√ ÕÕ ‡μ√‡≈’¬ ‡¬Õ√¡—π Õ‘μ“≈’·≈– ‡ªπ μ≈“¥ àßÕÕ°√∂∫— ·≈–√∂∫√√∑ÿ° ‰¥â·°à ÕÕ ‡μ√‡≈’¬ ´“Õÿ¥‘Õ“√–‡∫’¬ π‘«´’·≈π¥å ‘ß§‚ª√å ·≈– ®Õ√å·¥π

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Customers Valeo Siam Calsonic

Showa Denso Thailand Delphi Siam NSK Halla Climate

Sanden

Automobiles Air Conditioner Parts Business Group Automobile Model Parts Manufacuter Nissan Big M, Teana, Sunny Automobile air conditioner parts Mitsubishi Lancer, Triton Automobile air conditioner parts Isuzu D-Max Intercooler Parts Ford Ranger Intercooler Parts Isuzu D-Max Automobile air conditioner parts Honda Civic, Accord Automobile air conditioner parts Toyota Vigo, Camry, Yaris Automobile air conditioner parts and radiator parts Isuzu D-Max Diesel pump parts Isuzu D-Max Steering system parts Ford Ranger Automobile air conditioner parts Mazda BT50 Automobile air conditioner parts GM Optra Automobile air conditioner parts Ford (Export) KA Automobile air conditioner parts

Market and competition The automobile industry plays a major role as a driver for the economic growth of Thailand ranging from production, marketing, employment, technology development and manufacturing chain to other industry. Regarding the investment, Thailand is currently the focal point of world-wide automobile manufacturers from Japan, Europe and North America, including the leading hub for Pick-up and motorcycle manufacturing. The intense competition from numbers of automobile manufacturer has been driven by the launching of new automobile models throughout the year, especially passenger cars with the engine of 1,800 cc. and below, resulting in the significant industry growth. Concurrently, Government has forecasted that within the next 5 years, Thailand automobile industry will grow by 2.0 million cars a year. The key players of this industry are Isuzu Motor (Thailand) Company Limited, Siam Nissan Automobile Company Limited, Toyota Motor (Thailand) Company Limited, MMC Sithiphol Company Limited and Honda Automobile (Thailand) Company Limited. Being the automobile manufacturing hub of Asia, core export market can be categorized as follows: ● ● ●

Car, i.e. Belgium, Japan, Australia, Indonesia and China Van and Pick-up, i.e. United Kingdom, Australia, Germany, Italy and Spain Bus and Truck, i.e. Australia, Saudi Arabia, New Zealand, Singapore and Jordan

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ª√‘¡“≥°“√®”Àπà“¬√∂¬πμå¿“¬„πª√–‡∑» (Àπà«¬ : §—π)

∑’Ë¡“ : ∂“∫—π¬“π¬πμå

¡Ÿ≈§à“°“√ àßÕÕ°√∂¬πμå·≈–™‘Èπ à«π√∂¬πμå (Àπà«¬ : ≈â“π∫“∑)

∑’Ë¡“ : ∂“∫—π¬“π¬πμå

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Domestic Automobile Sales Volume (unit : car)

Source : Thailand Automotive Institute

Automobile and Auto Parts Export Volume (unit : million Baht)

Source : Thailand Automotive Institute

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

®“° ¿“æ°“√·¢àß¢—π·≈–·π«‚πâ¡∏ÿ√°‘®„πÕπ“§μ √«¡∂÷ß¡“μ√°“√¢Õß√—∞∫“≈∑’Ë π—∫ πÿπ„Àâ ª√–‡∑»‰∑¬‡ªìπ»Ÿπ¬å°≈“ß°“√º≈‘μ√∂¬πμå‡æ◊ËÕ°“√ àßÕÕ°¢Õß¿Ÿ¡‘¿“§ ∑”„ÀâÕÿμ “À°√√¡º≈‘μ√∂¬πμå·≈– Õÿμ “À°√√¡™‘Èπ à«π√∂¬πμå´÷Ëß‡ªìπÕÿμ “À°√√¡∑’Ë‡°’Ë¬«‡π◊ËÕß°—π ®–¡’°“√¢¬“¬μ—«Õ¬à“ßμàÕ‡π◊ËÕß Õ¬à“ß‰√ °Áμ“¡ ¿“æ°“√·¢àß¢—π¢ÕßºŸâº≈‘μ√∂¬πμåμà“ßÊ °Á®–¡’°“√·¢àß¢—π∑’Ë√ÿπ·√ß¢÷Èπ‡™àπ°—π ‡π◊ËÕß®“°·π«‚πâ¡ °“√ÕÕ°·∫∫√∂¬πμå®–‡ªìπ·∫∫°“√„™â™‘Èπ à«πμà“ßÊ √à«¡°—π·≈–‡πâπ°“√ÕÕ°·∫∫‡æ◊ËÕ πÕß§«“¡ μâÕß°“√¢Õß≈Ÿ°§â“∑—Èß∑“ß¥â“π§ÿ≥¿“æ·≈–√“§“‡ªìπÀ≈—° ‚¥¬ºŸâº≈‘μ√∂¬πμå·μà≈–√“¬μà“ß¡’®ÿ¥¡ÿàßÀ¡“¬ À≈—°§◊Õ°“√≈¥μâπ∑ÿπ°“√º≈‘μ ‡ªìπº≈„Àâ∫√‘…—∑ºŸâº≈‘μ√∂¬πμå¡’°“√®â“ßºŸâº≈‘μ™‘Èπ à«π√“¬Õ◊ËπÊ ‡ªìπºŸâº≈‘μ ·∑πÀ“°¡’μâπ∑ÿπ°“√º≈‘μ∑’ËμË”°«à“ ®÷ß Õ¥§≈âÕß°—∫‡ªÑ“À¡“¬¢Õß∫√‘…—∑„π°“√‡ªìπºŸâº≈‘μ™—Èππ”„π°“√√—∫ ™à«ßº≈‘μ (OEM) Õ—π‡ªìπ‚Õ°“ ∑“ß∏ÿ√°‘®∑’Ë ”§—≠„π°“√¢¬“¬μ≈“¥„Àâ¡’¡Ÿ≈§à“ Ÿß¢÷Èπ ´÷Ëß∫√‘…—∑‰¥â‡≈Áß‡ÀÁπ ∂÷ß°“√‡ª≈’Ë¬π·ª≈ß·≈–·π«‚πâ¡°“√·¢àß¢—π„πÕπ“§μ ®÷ß‰¥â¡’°“√ª√—∫‚§√ß √â“ß∏ÿ√°‘® ‚§√ß √â“ß°“√ ∫√‘À“√ß“π ‡æ◊ËÕ‡μ√’¬¡æ√âÕ¡∑—Èß¥â“π°”≈—ß°“√º≈‘μ ‡™àπ °“√·¬° “¬°“√º≈‘μμà“ßÊ ÕÕ°‡ªìπÀπà«¬∏ÿ√°‘® ¬àÕ¬Ê °“√æ—≤π“«‘®—¬º≈‘μ¿—≥±å√à«¡°—∫ºŸâº≈‘μ√∂¬πμå °“√‡æ‘Ë¡¡Ÿ≈§à“‡æ‘Ë¡„Àâ·°à ‘π§â“¢Õß∫√‘…—∑ ‚¥¬°“√ ª√–°Õ∫™‘Èπ à«π∑àÕ‚≈À–„Àâ‡ªìπ≈—°…≥–‡ªìπ™ÿ¥´÷Ëß„™â‡«≈“°«à“ “¡ªï „π°“√∑¥ Õ∫§ÿ≥¿“æ ‘π§â“ ®π‡ªìπ ∑’Ë¬Õ¡√—∫¢Õß≈Ÿ°§â“ºŸâº≈‘μ‡§√◊ËÕßª√—∫Õ“°“»„π√∂¬πμå πÕ°®“°π’È∫√‘…—∑¬—ß‰¥â‡μ√’¬¡æ—≤π“∫ÿ§≈“°√ ‚¥¬‡©æ“–„π “¬ß“π°“√º≈‘μ‡æ◊ËÕ‡μ√’¬¡æ√âÕ¡·≈–√Õß√—∫μàÕ°“√·¢àß¢—π„πÕπ“§μ ªí®®ÿ∫—πºŸâº≈‘μ™‘Èπ à«π ‡§√◊Ë Õ ßª√— ∫ Õ“°“»ª√–‡¿∑™ÿ¥∑àÕÕ≈Ÿ¡‘‡π’¬¡ ”À√—∫∑”§«“¡‡¬Áπ„π√∂¬πμå ¡’ºŸâº≈‘μª√–‡¿∑ OEM „π√–¥—∫ Tier 2 (ºŸâº≈‘μ™‘Èπ à«π‡æ◊ËÕ àßμàÕ„Àâ∫√‘…—∑ºŸâº≈‘μ‡§√◊ËÕßª√—∫Õ“°“») “¡√“¬„π‰∑¬ §◊Õ∫√‘…—∑·≈– §Ÿà·¢àß¢—π´÷Ëß‡ªìπºŸâº≈‘μ —≠™“μ‘≠’ËªÿÉπ∑’Ë¬â“¬∞“π°“√º≈‘μ¡“ª√–‡∑»‰∑¬ 3.3.2 °≈ÿà¡™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√·≈–§Õ¡‡æ√ ‡´Õ√å º≈‘μ¿—≥±å¢Õß∫√‘…—∑„π°≈ÿà¡‡§√◊ËÕßª√—∫Õ“°“»ª√–°Õ∫¥â«¬ ™ÿ¥∑àÕ∑Õß·¥ß ”À√—∫ “√∑”§«“¡ ‡¬Áπ∑’Ë„™â „π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„π∫â“π·≈–Õ“§“√ ™‘Èπ à«π·∫∫‡ªìπ™ÿ¥ ”À√—∫‡§√◊ËÕßª√—∫Õ“°“»¿“¬„π Õ“§“√‚¥¬¡’º≈‘μ¿—≥±å∑’Ë „™â™‘Èπ à«π∑’Ëº≈‘μ‚¥¬°≈ÿà¡∫√‘…—∑ ¥—ßπ’È °≈ÿà¡™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√

™◊ËÕ‡§√◊ËÕßÀ¡“¬°“√§â“ : Fujitsu, York, Mitsubishi Electric, Mitsubishi Heavy, Sharp, Hitachi, Lucky Gold star, Panasonic, Daikin, Toshiba Carrier ‡ªìπμâπ °“√μ≈“¥·≈–¿“«–°“√·¢àß¢—π ‡§√◊ÕË ßª√—∫Õ“°“»‡ªìπÕÿμ “À°√√¡∑’¬Ë ß— §ß¡’ ‚Õ°“ ·≈–≈Ÿ∑à “ß∑’®Ë –¢¬“¬μ—«μàÕ‰ª„πÕπ“§μ ‡π◊ÕË ß®“° ‡ªìπ ‘π§â“∑’Ë “¡“√∂μÕ∫ πÕßμàÕºŸâ∫√‘‚¿§∑’ËμâÕß°“√Õ¬Ÿà „π ¿“æ·«¥≈âÕ¡ ·≈–Õÿ≥À¿Ÿ¡‘∑’Ë ∫“¬‡À¡“– ¡ „πÕ“§“√∑’ËÕ¬ŸàÕ“»—¬ ”π—°ß“π·≈–‚√ßß“πμà“ßÊ ‰¡à«à“®–‡ªìπ„πª√–‡∑»‡¢μ√âÕπ´÷Ëß„™â‡ªìπ√–∫∫∑”§«“¡ ‡¬Áπ (Cooling mode) À√◊Õ„π·∂∫ª√–‡∑»‡¢μÀπ“«‚¥¬„™â‡ªìπ∑—Èß√–∫∫∑”§«“¡√âÕπ·≈–‡¬Áπ (Heating & Cooling mode) ¿“æ°“√·¢àß¢—π√–À«à“ßºŸâº≈‘μ‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πª√–‡∑»¡’§àÕπ¢â“ß Ÿß ‡π◊ËÕß®“°‰¥â√—∫ º≈°√–∑∫®“°‡§√◊ËÕßª√—∫Õ“°“»∑’Ëπ”‡¢â“®“°ª√–‡∑»®’π ‡°“À≈’ ·≈–≠’ËªÿÉπ àßº≈„Àâ°“√·¢àß¢—π¬‘Ëß∑«’ §«“¡√ÿπ·√ß¡“°¢÷Èπ ¥—ß®–‡ÀÁπ‰¥â®“°°“√∑’ËºŸâª√–°Õ∫°“√‡√‘Ë¡„™â°≈¬ÿ∑∏å àß‡ √‘¡°“√¢“¬Õ¬à“ßμàÕ‡π◊ËÕß ¥â«¬°“√ª√—∫≈¥√“§“®”Àπà“¬ °“√¢“¬√–∫∫‡ß‘πºàÕπ‚¥¬‰¡à§‘¥Õ—μ√“¥Õ°‡∫’È¬ μ≈Õ¥®π°“√ÕÕ°·∫∫ 30

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

In regard to the competition and business growth, including Governmental support for the establishment of automobile manufacturing hub of the region in Thailand for export market. Automobile and auto parts manufacturing as the related business shall be expanded continuously, with stronger competition. The auto design will be focused on sharing parts and serving customersรป need in terms of quality and price. As the objective of each automobile manufacturer is to reduce production cost, it will outsource the manufacturing parts to other subcontractors with lower cost. This, consequently, serves the Companyรปs goal to be the leading Original Equipment Manufacturer (OEM) which will create strong business opportunity to expand high potential market value. Realizing this prosperity and future competition movement, the Company, thus, reorganized its business structure and management to be well prepared both production capacity such as separation of production lines into small business units, joint research and development with automobile manufacturers, adding values to the Companyรปs products by assembling steel pipe in form of set with more than 3-year experiment and recognition from automobile air conditioner manufacturers. Additionally, the Company has paid attention to human resource development especially those involving in production line to be ready for the competition in the future. Currently, there are only 3 OEM automobile aluminum intercooler pipe manufacturers or Tier 2 (subcontractor to air conditioner manufacturers) in Thailand which are the Company and Japanese competitors who move their production base to Thailand. 3.3.2 Indoor Air Conditioning Parts and Compressor Parts Business Group The products of air conditioner business group comprise of copper assembly pipes for residential and building air conditioners and assembly set for building air conditioner. Products using parts manufactured by the Companyรปs Group are as follows:

Trade name

Indoor Air Conditioning Parts : Fujitsu, York, Mitsubishi Electric, Mitsubishi Heavy, Sharp, Hitachi, Lucky Gold star, Panasonic, Daikin, Toshiba Carrier Market and competition Air conditioning industry continues its prosperity and future expansion as the product is able to fulfill customerรปs satisfaction for suitable environment and comfortable temperature in the residence, office and factory both in warm country using Cooling Mode or cold country using Heating and Cooling mode. The increasing of intense competition in Thailand is primarily due to the imported air conditioners from China, Korea and Japanese. It has been reflected in to continuous promotional strategies by means of price reduction and installment payment with no interest. Moreover product differentiation is also employed in order to stimulate the overall market and 31

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

º≈‘μ¿—≥±å„Àâ¡’≈—°…≥–∑’Ë·μ°μà“ß®“°§Ÿà·¢àß¢—π ‡™àπ º≈‘μ¿—≥±å∑’Ë‡πâπ¥â“π°“√√—°…“ ÿ¢¿“æ ¡’√–∫∫°“√ øÕ°Õ“°“» °“√ªÑÕß°—π°”®—¥ΩÿÉπ≈–ÕÕß °“√¶à“‡™◊ÈÕ‚√§ ¡’√–∫∫∑”§«“¡ –Õ“¥μ—«‡§√◊ËÕß ‚¥¬ÕÕ°·∫∫ „Àâ “¡“√∂∑”§«“¡ –Õ“¥‰¥â‡ÕßÕ¬à“ßßà“¬¥“¬ ‡ªìπμâπ ‡æ◊ÕË À«—ß°√–μÿπâ μ≈“¥·≈–™‘ß à«π·∫àß°—πÕ¬à“ß‡μÁ¡∑’Ë ·≈–‡™àπ‡¥’¬«°—∫Õÿμ “À°√√¡™‘Èπ à«π·≈–Õÿª°√≥å√∂¬πμå∑’Ë à«π„À≠à·≈â«ºŸâº≈‘μ®–¡’ “¬°“√º≈‘μ™‘Èπ à«π ·≈–Õÿª°√≥å‡Õß ‚¥¬∑’Ë®–¡’°“√ —Ëß´◊ÈÕ‡æ‘Ë¡‡μ‘¡∫“ß à«π®“°ºŸâº≈‘μ™‘Èπ à«π·≈–Õÿª°√≥å®“°¿“¬πÕ°„π°√≥’ ∑’Ë°”≈—ß°“√º≈‘μ‰¡à‡æ’¬ßæÕ À√◊Õ°“√º≈‘μ‡Õß¡’μâπ∑ÿπ∑’Ë Ÿß°«à“°“√®â“ßºŸâÕ◊Ëπº≈‘μ„Àâ·∑π ¥—ßπ—Èπ§Ÿà·¢àß∑’Ë·∑â ®√‘ß¢ÕßºŸâº≈‘μ™‘Èπ à«π·≈–Õÿª°√≥å ”À√—∫‡§√◊ËÕßª√—∫Õ“°“»·≈–‡§√◊ËÕß∑”§«“¡‡¬Áπ·∫∫ OEM °Á§◊Õ ºŸâº≈‘μ‡§√◊ËÕßª√—∫Õ“°“»·≈–‡§√◊ËÕß∑”§«“¡‡¬Áππ—Ëπ‡Õß ¥—ßπ—ÈπºŸâº≈‘μ™‘Èπ à«π·≈–Õÿª°√≥å·∫∫ OEM ®÷ßμâÕßÀ—π¡“ √â“ß¡Ÿ≈§à“‡æ‘Ë¡„Àâ°—∫º≈‘μ¿—≥±å¢Õßμπ‡Õß ·≈–°“√„™â°”≈—ß°“√º≈‘μ‡æ◊ËÕ°àÕ„Àâ‡°‘¥°“√ ª√–À¬—¥®“°¢π“¥¢Õß°“√º≈‘μ„Àâ Ÿß∑’Ë ÿ¥ ‡ªìπ°“√™à«¬≈¥μâπ∑ÿπ¢ÕßºŸâº≈‘μ‡§√◊ËÕßª√—∫Õ“°“» ·≈–‡§√◊ËÕß ∑”§«“¡‡¬Áπ·≈–∑”„Àâ ‰¥â√—∫°“√®â“ßß“π®“°ºŸâº≈‘μ‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√ ”À√—∫μ≈“¥ àßÕÕ°‡§√◊ËÕßª√—∫Õ“°“»¢Õß‰∑¬°Á¡’°“√·¢àß¢—π∑’Ë√ÿπ·√ß¡“°¢÷Èπ∑—Èß®“°ª√–‡∑» „π°≈ÿà¡Õ“‡´’¬π ·≈–®“°ª√–‡∑»Õ◊ËπÊ ‚¥¬‡©æ“–®’π´÷Ëß‡ªìπ§Ÿà·¢àß ”§—≠„πμ≈“¥√–¥—∫°≈“ß·≈–≈à“ß ·≈– ¡’§«“¡‰¥â‡ª√’¬∫¥â“πμâπ∑ÿπ°“√º≈‘μ®“°°“√¡’§“à ®â“ß·√ßß“π∑’μË Ë”°«à“ „π∑“ß°≈—∫°—π ¡“‡≈‡´’¬·≈–‡°“À≈’ „μâ ‡ªìπ§Ÿà·¢àß ”§—≠„πμ≈“¥√–¥—∫∫π·≈–¡’§«“¡‰¥â‡ª√’¬∫¥â“π‡∑§‚π‚≈¬’°“√º≈‘μ ª√–°Õ∫°—∫¡’°“√ ÕÕ°·∫∫ ‘π§â“∑’Ë∑—π ¡—¬ Õ’°∑—Èß¡’§«“¡æ√âÕ¡¥â“π∫ÿ§≈“°√‡™‘ß§ÿ≥¿“æ¡“°°«à“‰∑¬ „π°“√∑’Ë®–ªÑÕß°—π Õÿμ “À°√√¡·≈–·¢àß¢—π°—∫ª√–‡∑»§Ÿ·à ¢àß„πÕÿμ “À°√√¡¥—ß°≈à“«‰¥â ª√–‡∑»‰∑¬®–μâÕß¡’°“√æ—≤π“ ·≈– º≈‘μ ‘π§â“„Àâ¡’‡∑§‚π‚≈¬’∑’Ë Ÿß¢÷Èπ √«¡∑—Èß¿“§√—∞μâÕß„Àâ°“√ π—π πÿπ„π¥â“πμà“ß Ê ‡™àπ °“√ª√—∫ª√ÿß ‘∑∏‘ ª√–‚¬™πå¥â“π¿“…’ „Àâ°—∫π—°≈ß∑ÿπÕ¬à“ß∑’Ë‡ªìπÕ¬Ÿà ‡æ◊ËÕ®Ÿß„®„ÀâºŸâº≈‘μ®“°μà“ßª√–‡∑»‡¢â“¡“μ—Èß∞“π°“√º≈‘μ ·≈–¢¬“¬°“√≈ß∑ÿπ„π‰∑¬ √«¡∑—ÈßÀ—π¡“‡πâπ«“ß·ºπ°“√≈ß∑ÿπ√–¬–¬“«·≈–§√∫«ß®√ §√Õ∫§≈ÿ¡μ—Èß·μà °“√º≈‘μ„π√–¥—∫μâππÈ” ®“°°“√∑’Ë°≈ÿà¡∫√‘…—∑ “¡“√∂º≈‘μ ‘π§â“‰¥â¡’§ÿ≥¿“æ·≈–¡’μâπ∑ÿπ°“√º≈‘μ∑’ËμË”°«à“ºŸâº≈‘μ‡§√◊ËÕß ª√—∫Õ“°“»®–¥”‡π‘π°“√º≈‘μ™‘Èπ à«π‡Õß ®÷ß‡ªìπ‚Õ°“ ¢Õß∫√‘…—∑„π°“√¢¬“¬∏ÿ√°‘®‚¥¬∫√‘…—∑‰¥â¡’°“√ ‡μ√’¬¡§«“¡æ√âÕ¡„π°“√·¢àß¢—π ‡™àπ °“√‡μ√’¬¡æ√âÕ¡¥â“π∫ÿ§≈“°√„π “¬°“√º≈‘μ °“√ª√—∫‚§√ß √â“ß ∏ÿ√°‘®‚¥¬°“√·¬° “¬∏ÿ√°‘®‡ªìπÀπà«¬∏ÿ√°‘®¬àÕ¬Ê ‡æ◊ËÕ„Àâ‡°‘¥°“√§≈àÕßμ—«„π°“√¥”‡π‘πß“π·≈–√Õß√—∫ §«“¡μâÕß°“√¢Õß≈Ÿ°§â“´÷Ëß‡ªìπºŸâº≈‘μ‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√®“°μà“ßª√–‡∑» √«¡∂÷ß°“√‡πâπ °≈¬ÿ∑∏å°“√‡æ‘Ë¡¡Ÿ≈§à“‡æ‘Ë¡„Àâ·°à ‘π§â“¢Õß∫√‘…—∑ ‚¥¬°“√ª√–°Õ∫™‘Èπ à«πμà“ßÊ „Àâ‡ªìπ™ÿ¥ ®“°°≈¬ÿ∑∏å ¥—ß°≈à“« àßº≈„Àâ∫√‘…—∑ª√– ∫§«“¡ ”‡√Á®„π°“√¢¬“¬∞“π≈Ÿ°§â“‡æ‘Ë¡¢÷Èπ ‚¥¬μ—Èß·μàªï 2546 ‡ªìπμâπ¡“ ≈Ÿ°§â“¢Õß∫√‘…—∑‡™àπ York Fujitsu ·≈– MCP ‰¥â¬° “¬°“√º≈‘μ™‘Èπ à«π∑àÕ‚≈À–∫“ß à«πÀ√◊Õ∑—ÈßÀ¡¥ „π‡§√◊ËÕßª√—∫Õ“°“»¡“„Àâ∫√‘…—∑‡ªìπºŸâº≈‘μ·∑π „π à«π¢Õß°“√·¢àß¢—π∑’Ë√ÿπ·√ß∑’Ë‡°‘¥¢÷Èπ®“° ‘π§â“∑’Ë¡“®“°ª√–‡∑»®’π´÷Ëß¡’√“§“∂Ÿ°°«à“‡ªìπªí®®—¬ ∑’Ë ‰¡à°àÕ„Àâ‡°‘¥º≈°√–∑∫μàÕ∫√‘…—∑¡“°π—° ‡π◊ËÕß®“° ‘π§â“®“°ª√–‡∑»‰∑¬·≈–¢Õß°≈ÿà¡∫√‘…—∑‡ªìπ ‘π§â“ ∑’Ë¡’§ÿ≥¿“æ·≈–¡’¡“μ√∞“π¡“°°«à“ ‘π§â“®“°ª√–‡∑»®’π ·≈–À“°‡ª√’¬∫‡∑’¬∫°—∫ºŸâº≈‘μÕ◊ËπÊ „π¿Ÿ¡‘¿“§ Õ“‡´’¬π¥â«¬°—π ºŸâº≈‘μ®“°ª√–‡∑»‰∑¬∂◊Õ«à“¡’»—°¬¿“æ„π°“√º≈‘μ∑’Ë Ÿß°«à“ ‚¥¬ªí®®ÿ∫—π„πª√–‡∑»‰∑¬ ¡’ºŸâº≈‘μ™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√ OEM (Tier 1) ª√–¡“≥ “¡√“¬∑’Ë “¡“√∂º≈‘μ™‘Èπ à«π ·∫∫‡ªìπ™ÿ¥‡æ◊ËÕ àß„Àâ·°àºŸâº≈‘μ‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√ §◊Õ°≈ÿà¡∫√‘…—∑ ·≈–§Ÿà·¢àßÕ’° Õß√“¬ 32

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

gain more market share such as easy self-cleaning function, etc. The same as auto parts industry that the manufacturers mainly own their parts production line whilst outsource some parts from other OEM in case of insufficient production capacity or high cost of production. Therefore, it can be said that the real competitor of air conditioning parts OEMs is the air conditioner manufacturing itself. The said OEMs, as a result, has to emphasize on adding value to their products and achieve the economic of scale in order to reduce the product cost with more orders from air conditioner manufacturers as a reward. Regarding Thailand没s export market, the competition has been more tense due to the competitors' penetration from ASEAN countries and others, especially China which is a major player in both middle and low-end market with cheaper wage and, hence, cheaper production cost. Malaysia and South Korea, on the other hand, are the key competitor in upper market with production manufacturing advantage and up-to-date production design, including higher quality in term of human resource compared to that of Thailand. Thus in order to protect the industry and compete with other competitors, development and quality products with high technology are required. The strong support from Government is also recommended in many aspects such as tax privileges for foreign investors who establish their production base in Thailand, including long-term investment strategy with completed production line starting from upstream production. Since the Group can produce quality products at lower cost compared to those air conditioner manufacturers to make them in-house, it creates opportunities to the Company to expand its business. As a consequent, the Company has prepared it readiness to compete e.g. provided relevant training and development to production staff, restructured its business model by segregate the business into business groups to enhance flexibility and serve foreign indoor air conditioning manufacturers没 needs, including emphasis on product value added creation by offering sub-assembly sets. From these strategies, the Company has successfully expanded its customer base. Since 2003, the Company没s customers e.g. York, Fujitsu, and MCP have shifted their own production of some metal pipe parts, or whole in their air conditioners and OEM at the Company. In terms of fierce competition from low-cost Chinese products, the Company faces no major impact due to the superior product from Thailand and the Group in terms of quality and standard compared to that from China. And if comparing to other manufacturers in ASEAN, Thai manufacturers possess higher manufacturing competency. Currently in Thailand, there are approximately three manufacturers OEM (Tier 1) who can produce parts in sets for indoor air conditioning manufacturers, of which one is the Group, and the remaining two Japanese competitors who moved their manufacturing base to Thailand along with air conditioning manufacturers. However, the Company still have competitive advantage over these competitors as they can offer only limited products to a specific application while the 33

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

´÷ßË ‡ªìπºŸºâ ≈‘μ™‘πÈ à«π∑àÕ‚≈À– —≠™“μ‘≠ª’Ë πÿÉ ∑’¬Ë “â ¬∞“π°“√º≈‘μ¡“æ√âÕ¡ºŸºâ ≈‘μ‡§√◊ÕË ßª√—∫Õ“°“»μà“ßÊÕ¬à“ß‰√ °Áμ“¡∫√‘…∑— ¬—ß§ß¡’§«“¡‰¥â‡ª√’¬∫§Ÿ·à ¢àß‡À≈à“π’ÕÈ ¬Ÿ¡à “° ‡π◊ÕË ß®“°§Ÿ·à ¢àß®–¡’º≈‘μ¿—≥±å‡æ’¬ßÕ¬à“ß„¥Õ¬à“ßÀπ÷ßË ·μà°≈ÿà¡∫√‘…—∑¡’º≈‘μ¿—≥±åÀ≈“°À≈“¬∑’Ë‡ªìπμ—«‡≈◊Õ°‰¥â¡“°°«à“ ‰¥â·°à°≈ÿà¡™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„π √∂¬πμå ™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√ ™‘Èπ à«π§Õ¡‡æ√ ‡´Õ√å ·≈–‚≈À–·ºàπ¢÷Èπ√Ÿª ”À√—∫ ‡§√◊ËÕß„™â ‰øøÑ“ ”À√—∫°“√·¢àß¢—π„πÕÿμ “À°√√¡§Õ¡‡æ√ ‡´Õ√åπ—Èπ ¡’°“√‡®√‘≠‡μ‘∫‚μ„π∑‘»∑“ß‡¥’¬«°—∫ Õÿμ “À°√√¡‡§√◊ËÕßª√—∫Õ“°“» ªí®®ÿ∫—π∫√‘…—∑‡ªìπºŸâº≈‘μ™‘Èπ à«π∑àÕ∑Õß·¥ß„π§Õ¡‡æ√ ‡´Õ√å√“¬„À≠à ¢Õßª√–‡∑»‰∑¬‚¥¬∑’ºË ºŸâ ≈‘μ‡§√◊ÕË ß§Õ¡‡æ√ ‡´Õ√å∑¡’Ë ™’ Õ◊Ë ‡ ’¬ß„πª√–‡∑»‰∑¬ à«π„À≠à‡ªìπ≈Ÿ°§â“¢Õß°≈ÿ¡à ∫√‘…∑— ≈Ÿ°§â“∑’Ë„™âº≈‘μ¿—≥±å¢Õß°≈ÿà¡∫√‘…—∑ ¡’¥—ßπ’È °≈ÿà¡™‘Èπ à«π§Õ¡‡æ√ ‡´Õ√å ™◊ËÕºŸâº≈‘μ : Siam Compressor Industry, Hitachi Compressor (Thailand), Kulthorn Kirby, Emerson Electric (Copeland), Daikin Compressor Industries 3.3.3 Õÿμ “À°√√¡°“√¢÷Èπ√Ÿª‚≈À–·ºàπ ¿“æ°“√·¢à ß ¢— π ”À√— ∫ ∏ÿ √ °‘ ® º≈‘ μ ¿— ≥ ±å ¢÷È π √Ÿ ª ‚≈À–·ºà π ªí ® ®ÿ ∫— π §à Õ π¢â “ ß√ÿ π ·√ß‡π◊Ë Õ ß®“°¡’ ®”π«π¢ÕßºŸâª√–°Õ∫°“√º≈‘μ‰¡àμË”°«à“ 200 √“¬ ´÷ËßπÕ°‡Àπ◊Õ®“°ºŸâª√–°Õ∫°“√‰∑¬∑’Ë‡¥‘¡¡ÿàßº≈‘μ ‡æ◊ËÕ„™â „πª√–‡∑»‡∑à“π—Èπ ¬—ß¡’ºŸâª√–°Õ∫°“√∑’Ë‡æ‘Ë¡¢÷Èπ®“°°“√¬â“¬∞“π°“√º≈‘μ®“°μà“ßª√–‡∑»¡“¬—ß ª√–‡∑»‰∑¬ àßº≈„Àâ«μ— ∂ÿª√– ß§å°“√º≈‘μ„πªí®®ÿ∫π— ‡ª≈’¬Ë π‰ª‡ªìπ‡æ◊ÕË °“√ àßÕÕ°„Àâ ‰¥â¡≈Ÿ §à“‡æ‘¡Ë ¢÷πÈ Õ’°¥â«¬ Õ¬à “ ß‰√°Á μ “¡°≈ÿà ¡ ∫√‘ …— ∑ ‡πâ π °≈¬ÿ ∑ ∏å ° “√¥Ÿ · ≈·≈–§«∫§ÿ ¡ §ÿ ≥ ¿“æ∑ÿ ° ¢—È π μÕπ¢Õßß“π∑ÿ ° ™‘È π ∑’Ë º ≈‘ μ ·≈–‡∑§‚π‚≈¬’®“°‡§√◊ËÕß®—°√∑’Ë∑—π ¡—¬ μ≈Õ¥®πæ—≤π“º≈‘μ¿—≥±å¥â«¬√–∫∫«‘»«°√√¡·≈–°“√º≈‘μ∑’Ë‡ªìπ ¡“μ√∞“π√«¡∑—Èßπ‚¬∫“¬„π°“√∫√‘À“√§«“¡‡ ’Ë¬ß¢Õß°“√¥”‡π‘π∏ÿ√°‘® §◊Õ °“√‰¡à¥”‡π‘π∏ÿ√°‘®æ÷Ëßæ‘ß°—∫ º≈‘μ¿—≥±å„¥º≈‘μ¿—≥±åÀπ÷Ëß‡æ’¬ßÕ¬à“ß‡¥’¬« ·μà®–¡ÿàßμÕ∫ πÕßμàÕ≈Ÿ°§â“„π 2 °≈ÿà¡À≈—° §◊Õ (1)

°≈ÿà¡™‘Èπ à«π‚≈À–¢÷Èπ√Ÿª ∫√‘…—∑‡ªìπÀπ÷Ëß„π°≈ÿà¡∫√‘…—∑ºŸâπ” „π°“√º≈‘μ™‘Èπ à«π‚≈À– ‡®“– μ—¥ ªíö¡ æ—∫·≈–¢÷Èπ√Ÿª ”À√—∫°≈ÿà¡™‘Èπ à«π‚≈À–‡§√◊ËÕß„™â ‰øøÑ“ ‚¥¬„πªï 2549 ∫√‘…—∑‰¥â¡ÿàß‡πâπ¢¬“¬∞“π „π≈—°…≥–¢Õß∏ÿ√°‘® OEM

(2)

°≈ÿà¡‡§√◊ËÕß·™à·¢Áß∂πÕ¡Õ“À“√ (Freezer) º≈‘μ¿—≥±å„π°≈ÿà¡π’È¢Õß∫√‘…—∑„πªí®®ÿ∫—π ● The Freshline Gullwing Freezer ● The Freshline IQF Plus Freezer ● Gullwing Freezer & Vibrating Unit ● Batch Freezer ● Mini - Batch Freezer

‚¥¬¡’≈Ÿ°§â“√“¬„À≠à „π·μà≈–°≈ÿà¡‡ªìπ≈Ÿ°§â“∑’Ë¡’™◊ËÕ‡ ’¬ß ·≈–¡’‡§√◊Õ¢à“¬°“√®”Àπà“¬ ‘π§â“∑—Èß„π ª√–‡∑»·≈–μà“ßª√–‡∑»μà“ßÊ ∑—Ë«‚≈° ≈Ÿ°§â“∑’Ë „™âº≈‘μ¿—≥±å¢Õß∫√‘…—∑¡’¥—ßπ’È

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Company is able to offer more various choice products e.g. automobile air conditioning parts, indoor air conditioning parts, air compressor parts, and metal sheet fabrication for electrical appliance. The competition in compressor industry has been in line with the growth of air conditioner industry. At present, the Company is remarkably the leading copper pipe manufacturer in Thailand. Most of the well-known compressor manufacturers in Thailand is the major customers of the Company as follows:

Compressors Parts Manufacuturer : Siam Compressor Industry, Hitachi Compressor (Thailand), Kulthorn Kirby, Emerson Electric (Copeland), Daikin Compressor Industries 3.3.3 Metal Fabrication Parts Industry Metal sheet fabrication industry is remarkably tough due to over 200 players. Not only Thai manufacturers who emphasize on domestic use, there are more manufacturers who move their production base from other countries to Thailand, resulting in more export. However, SNC Group consistently focuses on quality control over the whole assembly line, high technology machine, including product development by engineering system and standard production. Risk management policy is also one of the Companyûs strategies by not reliance on only one product but serving 2 main customers as follows: (1)

Metal sheet fabrication The Company is one of the leading metal sheet fabrication parts manufacturer in Thailand for electrical appliances. During 2006, the Company emphasized on business expansion in term of OEM.

(2)

Freezer Products of this group is as follows: ● The Freshline Gullwing Freezer ● The Freshline IQF Plus Freezer ● Gullwing Freezer & Vibrating Unit ● Batch Freezer ● Mini - Batch Freezer

Major customers of each product group is the well-known manufacturers with nation-wide and world-wide distribution network as follows:

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

°≈ÿà¡Õÿμ “À°√√¡¢÷Èπ√Ÿª‚≈À–·ºàπ °≈ÿà¡™‘Èπ à«π‚≈À–¢÷Èπ√Ÿª : Daikin Industrial (Thailand) Co.,Ltd, Electrolux(Thailand),York Industrial (Thailand) Co., Ltd, LG, Celestica (Thailand) Co.,Ltd, Sanyo Universal Electric PCL, Fujitsu General (Thailand) Co., Ltd., Kannetsu (Thailand) Co., Ltd., Terasaki Electric., (F.E) PTE LTD., Sanzen Zeiko Thai Co., Ltd., Mitsubishi Electric Consumer Products (Thailand) Co., Ltd. °≈ÿà¡º≈‘μ‡§√◊ËÕß·™à·¢Áß

: Air Products Pte.,Ltd., Bangkok Industrial Gas Co., Ltd.

°≈¬ÿ∑∏å∑“ß°“√μ≈“¥ ·≈–™àÕß∑“ß°“√®—¥®”Àπà“¬¢Õß°≈ÿà¡∫√‘…—∑ ≈Ÿ°§â“¢Õß°≈ÿà¡∫√‘…—∑‡ªìπ≈Ÿ°§â“∑’Ë¡’√–∫∫°“√º≈‘μ∑’Ë¡’¡“μ√∞“π °≈¬ÿ∑∏å ”§—≠∑’Ë∫√‘…—∑„™â „π°“√∑”°“√§â“ §◊Õ §ÿ≥¿“æ ‘π§â“∑’Ë‡ªìπ√–¥—∫‚≈° √“§“∑’Ë‡À¡“– ¡ ·≈–°“√„Àâ∫√‘°“√∑’Ë√«¥‡√Á« àß¡Õ∫μ√ß‡«≈“ ∫√‘…—∑„™â π‚¬∫“¬°“√·μ°‡ªìπ°≈ÿà¡∏ÿ√°‘®¬àÕ¬ (Cost Profit Center) ®”π«π 34 Àπà«¬ ‚¥¬®—¥μ—Èß°≈ÿà¡ Mini MD ‡ªìπ ºŸ¥â ·Ÿ ≈√—∫º‘¥™Õ∫„π·μà≈–Àπà«¬ ‡æ◊ÕË „Àâ∫√‘°“√∑’μË Õ∫ πÕß§«“¡μâÕß°“√¢Õß≈Ÿ°§â“‰¥âÕ¬à“ß√«¥‡√Á«·≈–∑—«Ë ∂÷ß ∫√‘…∑— ®—¥®”Àπà“¬ ‘π§â“‰ª¬—ß≈Ÿ°§â“‚¥¬∑’¡ß“π Mini MD ´÷Ëß®–ª√– “πß“π·≈–μ‘¥μàÕ°—∫≈Ÿ°§â“‚¥¬μ√ßÕ¬à“ß„°≈â™‘¥ ®÷ ß‰¡àμâÕß®”Àπà“¬ºà“πμ—«·∑πÀ√◊Õπ“¬Àπâ“ ∫√‘…—∑¡ÿàß‡πâπ°“√æ—≤π“º≈‘μ¿—≥±å√à«¡°—π°—∫≈Ÿ°§â“‡æ◊ËÕ„Àâ‡°‘¥ ª√–‚¬™πå Ÿß ÿ¥μàÕ∑—Èß ÕßΩÉ“¬ πÕ°®“°π’È∫√‘…—∑¬—ß¡ÿàß‡πâπ°“√ √â“ß§«“¡ —¡æ—π∏å°—∫≈Ÿ°§â“√“¬„À≠à∑’Ë¡’ª√‘¡“≥ §” —Ëß´◊ÈÕ®”π«π¡“° ´÷Ëß®–∑”„Àâ°≈ÿà¡∫√‘…—∑¡’°“√¢¬“¬μ—«‰ªæ√âÕ¡°—∫≈Ÿ°§â“ ·≈–¬—ß‡ªìπ∞“π≈Ÿ°§â“∑’Ë¥’ ”À√—∫∫√‘…—∑ „π√–¬–¬“« „π¥â“π°“√„Àâ∫√‘°“√∫√‘…—∑„Àâ§«“¡ ”§—≠°—∫°“√∫√‘°“√∑’Ë –¥«° √«¥‡√Á« μ√ß§«“¡μâÕß°“√ ‚¥¬ °“√ Õ∫∂“¡§«“¡μâÕß°“√¢Õß≈Ÿ°§â“ °“√ÕÕ°‡¬’Ë¬¡≈Ÿ°§â“Õ¬à“ßμàÕ‡π◊ËÕß‡ªìπª√–®” √«¡∂÷ß°“√®—¥∑”·∫∫ Õ∫∂“¡ §«“¡æ÷ßæÕ„®¢Õß≈Ÿ°§â“¿“¬À≈—ß°“√„Àâ∫√‘°“√‡æ◊ÕË π”¡“ª√—∫ª√ÿß√Ÿª·∫∫°“√„Àâ∫√‘°“√·≈–ªÑÕß°—πªí≠À“∑’ÕË “®‡°‘¥¢÷πÈ

°“√®—¥À“º≈‘μ¿—≥±åÀ√◊Õ∫√‘°“√¢Õß°≈ÿà¡∫√‘…—∑ ∫√‘…—∑¡’ ‚√ßß“πº≈‘μ∑’Ë®—ßÀ«—¥ ¡ÿ∑√ª√“°“√ ”À√—∫ “¬°“√º≈‘μ™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»„π√∂¬πμå ·≈– “¬°“√º≈‘μ™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√ πÕ°®“°π’È∫√‘…—∑¬—ß¡’ ‚√ßß“πº≈‘μ∑’Ë®—ßÀ«—¥√–¬Õß ”À√—∫ “¬°“√º≈‘μ™‘πÈ à«π‚≈À–·ºàπ¢÷πÈ √Ÿª “¬°“√º≈‘μ‡§√◊ÕË ß·™à·¢Áß∂πÕ¡Õ“À“√ “¬°“√º≈‘μ™‘πÈ à«π§Õ¡‡æ√ ‡´Õ√å ·≈– “¬°“√º≈‘μ™‘πÈ à«π‡§√◊ÕË ßª√—∫Õ“°“»¿“¬„πÕ“§“√´÷ßË ‡ªìπ°“√°√–®“¬ “¬°“√º≈‘μ¥—ß°≈à“«‰ª¬—ß à«π¿Ÿ¡¿‘ “§ ‡æ◊ÕË μÕ∫ πÕß§«“¡μâÕß°“√¢Õß≈Ÿ°§â“„Àâ§√Õ∫§≈ÿ¡„π·μà≈–æ◊πÈ ∑’ÕË ¬à“ß∑—«Ë ∂÷ß‡ªìπ°“√√—°…“∞“π≈Ÿ°§â“ ‚¥¬„πªï 2549 ∫√‘…—∑‰¥â°àÕ √â“ß‚√ßß“π∑’Ë®—ßÀ«—¥√–¬Õß‡æ‘Ë¡‡μ‘¡„πæ◊Èπ∑’Ë „°≈â°—∫‚√ßß“π‡¥‘¡ ‡æ◊ËÕ√Õß√—∫°“√‡μ‘∫‚μ¢Õß∏ÿ√°‘® OEM √«¡∂÷ß°“√¢¬“¬μ—«„π∏ÿ√°‘®Õ◊ËπÊ ∫√‘…—∑¡’π‚¬∫“¬°“√º≈‘μ∑’Ë ”§—≠ §◊Õ ● °“√«“ß·ºπ°“√º≈‘μ√à«¡°—∫≈Ÿ°§â“ ‡æ◊ËÕª√—∫ª√ÿßª√– ‘∑∏‘¿“æ„π°“√º≈‘μ °“√≈¥√–¬–‡«≈“„π°“√ º≈‘μ·≈–≈¥μâπ∑ÿπ®“°°“√º≈‘μ„Àâ≈Ÿ°§â“ ●

¡ÿàß‡πâπ°“√º≈‘μ ‘π§â“∑’Ë¡’§ÿ≥¿“æ ·≈–‡ªìπ‰ªμ“¡¡“μ√∞“π∑’Ë‡ªìπ∑’Ë¬Õ¡√—∫μ“¡√–∫∫ ISO9001, TS16949 ·≈– TQM ‚¥¬°“√μ√«® Õ∫·≈–§«∫§ÿ¡§ÿ≥¿“æ∑ÿ°¢—ÈπμÕπ°“√º≈‘μ

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Metal sheet

Freezer

Metal Fabrication Part Daikin Industrial (Thailand) Co.,Ltd, Electrolux(Thailand),York Industrial (Thailand) Co., Ltd, LG, Celestica (Thailand) Co.,Ltd, Sanyo Universal Electric PCL, Fujitsu General (Thailand) Co., Ltd., Kannetsu (Thailand) Co., Ltd., Terasaki Electric., (F.E) PTE LTD., Sanzen Zeiko Thai Co., Ltd., Mitsubishi Electric Consumer Products (Thailand) Co., Ltd. Air Products Pte.,Ltd., Bangkok Industrial Gas Co., Ltd.

Marketing Strategies and Distribution Channels Due to the customers with high standard manufacturing process, the Company has emphasized on world-class quality products, appropriate pricing and prompt delivery service. The Companyûs business groups have been divided in to 34 Cost Profit Centers with Mini MD team to be responsible for each center in order to provide services to the Companyûs entire clients in timely manner. The Company distributes products to its clients through Mini MD teamwork which will co-ordinate and contact clients closely and directly regardless of any agents or brokers. The Company also concentrates on product development jointly with its clients to enhance most benefits to both parties. In addition, relationship establishment with major customers has been put in place which may help to increase business growth and secure good customer base of the Company in the long run, particularly prompt services and directly serving customerûs need through the particular survey, regular visit, including after-sale questionnaires in order to improve the Companyûs services and prevent any other potential problems that might occur.

Raw Material and Services Procurement The Companyûs plant in relation to automobile and indoor air conditioner parts manufacturing is located in Samutprakarn province while metal sheet fabrication, freezer parts, compressor parts and indoor air conditioner parts manufacturing is located in Rayong province. Such separation aims to provide services covering all area to maintain customer base. In 2006, new plant was constructed nearby the existing plant for OEM expansion and other business opportunity. The significant production policy is as follows: ●

●

Coordination with clients regarding production plan in order to enhance the production efficiency, lessen production time and reduce cost. Emphasize on products with high quality according to world-wide acceptance standard such as ISO9001, TS16949 and TQM with comprehensive inspection.

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

∫√‘…—∑μ√–Àπ—°¥’«à“°“√æ—≤π“»—°¬¿“æ‚¥¬√«¡¢Õß°≈ÿà¡∫√‘…—∑¢÷ÈπÕ¬Ÿà°—∫ªí®®—¬§«“¡æ√âÕ¡„πÀ≈“¬Ê ¥â“π ‡™àπ ‡∑§‚π‚≈¬’‡§√◊ËÕß®—°√ ∑√—æ¬“°√∫ÿ§§≈∑’Ë¡’§ÿ≥¿“æ ·≈–π‚¬∫“¬∫√‘À“√μà“ßÊ „πªï 2548-2549 ∫√‘…—∑®÷ß¡’ °“√≈ß∑ÿπ‡æ‘Ë¡„π‡§√◊ËÕß®—°√„À¡à ”À√—∫°≈ÿà¡º≈‘μ¿—≥±å¢÷Èπ√Ÿª‚≈À–·ºàπ®”π«π 150 ≈â“π∫“∑ πÕ°®“°π’È·≈â« ∑—°…–§«“¡√Ÿâ§«“¡™”π“≠„π°“√º≈‘μ¬—ß àßº≈μàÕª√– ‘∑∏‘¿“æ¢Õß°“√º≈‘μ·≈–§ÿ≥¿“æ¢Õß ‘π§â“ ´÷Ëß∫√‘…—∑ ¡’ºŸâ‡™’Ë¬«™“≠™“«≠’ËªÿÉπ ·≈–™“«®’π ‡ªìπºŸâ „Àâ§”ª√÷°…“·≈–·π–π” ∫√‘…—∑¡’°“√„™â«—μ∂ÿ¥‘∫∑’Ë ”§—≠ 4 ª√–‡¿∑ §◊Õ ∑Õß·¥ß Õ≈Ÿ¡‘‡π’¬¡ ∑Õß‡À≈◊Õß ·≈–‡À≈Á°·ºàπ ´÷Ëß«—μ∂ÿ¥‘∫À≈—°∑’Ë¡’¡Ÿ≈§à“°“√ —Ëß´◊ÈÕ Ÿß∑’Ë ÿ¥§◊Õ ∑Õß·¥ß §‘¥‡ªìπ —¥ à«π√âÕ¬≈– 60 (ªï 2548 √âÕ¬≈– 39) ¢Õß¡Ÿ≈§à“°“√ —ßË ´◊ÕÈ ∑—ßÈ À¡¥ ∫√‘…∑— ¡’°“√ —ßË ´◊ÕÈ ∑Õß·¥ß®“°ºŸºâ ≈‘μ√“¬„À≠à§Õ◊ ∫√‘…∑— øŸ√°Ÿ “«“ ‡¡Á∑∑—≈ ‰∑¬·≈π¥å ®”°—¥ (¡À“™π) §‘¥‡ªìπ —¥ à«π‡©≈’Ë¬ª√–¡“≥√âÕ¬≈– 75 ¢Õß¡Ÿ≈§à“°“√ —Ëß´◊ÈÕ∑Õß·¥ß∑—ÈßÀ¡¥ ∑—Èßπ’È°“√∑’Ë∫√‘…—∑ —Ëß´◊ÈÕ ∑Õß·¥ß®“°ºŸâº≈‘μ√“¬„À≠à¥—ß°≈à“« ‡π◊ËÕß®“°ºŸâº≈‘μ “¡“√∂º≈‘μ«—μ∂ÿ¥‘∫„πª√‘¡“≥·≈–§ÿ≥¿“æμ√ßμ“¡∑’Ë∫√‘…—∑ μâÕß°“√„π√–¥—∫√“§“∑’Ë¬Õ¡√—∫‰¥â ·≈– “¡“√∂ àß¡Õ∫‰¥âμ√ßμ“¡°”Àπ¥‡«≈“¡“‚¥¬μ≈Õ¥ ∫√‘…—∑‰¡à ‰¥â¡’°“√ ∑” —≠≠“√–¬–¬“«°—∫ºŸâº≈‘μ ·μà®–¥”‡π‘π°“√ —Ëß´◊ÈÕ«—μ∂ÿ¥‘∫≈à«ßÀπâ“ª√–¡“≥ 3-6 ‡¥◊Õπ ”À√—∫«—μ∂ÿ¥‘∫ª√–‡¿∑ Õ≈Ÿ¡‘‡π’¬¡ ∑Õß‡À≈◊Õß ·≈–‡À≈Á°·ºàπ ∫√‘…—∑°√–®“¬°“√ —Ëß´◊ÈÕ®“°ºŸâº≈‘μ√“¬Õ◊ËπÊ Õ’°À≈“¬√“¬ À√◊Õ∫√‘…—∑Õ“® π”‡¢â“®“°ª√–‡∑» ‘ß§‚ª√å ¡“‡≈‡´’¬ ≠’ËªÿÉπ ®’π ‚¥¬μ√ß‰¥â ”À√—∫°“√ —Ëß´◊ÈÕÕ≈Ÿ¡‘‡π’¬¡·≈–∑Õß‡À≈◊Õß °≈ÿà¡∫√‘…—∑¡’«—μ∂ÿ¥‘∫∑’Ë ”§—≠ ”À√—∫·μà≈–°≈ÿà¡º≈‘μ¿—≥±å ¥—ßπ’È

°≈ÿ¡à º≈‘μ¿—≥±å

°≈ÿà¡™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“» ¿“¬„π√∂¬πμå °≈ÿà¡‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√ ·≈–™‘Èπ à«π§Õ¡‡æ√ ‡´Õ√å °≈ÿà¡‚≈À–·ºàπ¢÷Èπ√Ÿª

√âÕ¬≈–¢Õß ¡Ÿ≈§à“°“√ —Ëß «—μ∂ÿ¥∫‘ ∑—ÈßÀ¡¥ √âÕ¬≈– 10 √âÕ¬≈– 79 √âÕ¬≈– 11

«—μ∂ÿ¥‘∫À≈—°

Õ≈Ÿ¡‡‘ π’¬¡ ∑Õß·¥ß ∑Õß‡À≈◊Õß ‡À≈Á° · μπ‡≈ Õ≈Ÿ¡‡‘ π’¬¡

√–¬–‡«≈“ „π°“√ —Ëß´◊ÈÕ „πª√–‡∑» μà“ßª√–‡∑» 5-10 «—π

30-180 «—π

5-10 «—π

20-90 «—π

∑Õß·¥ß´÷Ëß‡ªìπ«—μ∂ÿ¥‘∫À≈—°„π°“√º≈‘μ¢Õß∫√‘…—∑·≈–‡ªìπ ‘π§â“ª√–‡¿∑ Commodity ∑’Ëª√–‡∑»‰∑¬μâÕß π”‡¢â“®“°μà“ßª√–‡∑» ·≈–¡’°“√‡ª≈’Ë¬π·ª≈ß¢Õß√“§“´◊ÈÕ¢“¬μ“¡√“§“μ≈“¥‚≈° „πªï 2549 ∑’Ëºà“π¡“√“§“ ¢Õß∑Õß·¥ß¬—ß§ß Ÿß¢÷ÈπÕ¬à“ßμàÕ‡π◊ËÕß ‚¥¬√“§“∑Õß·¥ß„π‡¥◊Õπ¡°√“§¡‡©≈’Ë¬‡∑à“°—∫ 4,733 US$/μ—π ·≈–„π‡¥◊Õπ∏—π«“§¡‡∑à“°—∫ 6,671 US$/μ—π

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

The Company, furthermore, recognizes that overall capability enhancement depends on various factors, for examples, high technology machines, high quality staff and management policies. Therefore, during 2005-2006, the Company invested more in metal sheet fabrication manufacturing business with the total investment cost of Baht 150.00 million. Concurrently, the Company employs highly skill specialist from China and Japan as it realizes that knowledge and skill is the key factor affecting production efficiency and product quality. Four major raw materials are required for the Company没s production line, i.e. copper, aluminum, brass and metal sheet. Copper has accounted for 60% of total raw material purchased in the year 2006 (2005 : 39%) with Furugawa Metal Thailand Public Company Limited as the major supplier or 75% of total copper purchased due to its serving capability, prompt service and good specifications at the reasonable pricing. Even though there is no long-term contract with supplier, the Company has put order 3-6 months in advance. However, in order to avoid the risk of other raw materials shortage, the Company has ordered aluminum, brass and metal sheet from various suppliers or imported aluminum and brass directly from Singapore, Malaysia, Japan and China. The Company没s Group main materials of each product are as follows:

Product Group Air conditioner parts Automobile Air conditioner Indoor and parts Compressor Metal sheet fabrication

% of total raw material purchased 10% 79% 11%

Main raw materials Aluminum Copper Brass Steel Stainless Aluminum

Purchasing period Domestic 5-10 days

Import 30-180 days

5-10 days

20-90 days

Copper, the Company没s main material, is the commodity product imported from other countries. Its price will vary according to global price. During the year 2006, copper average price has been increased continuously from 4,733 US$/Ton in January to 6,671 US$/Ton in December.

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√“§“∑Õß·¥ßμ“¡√“§“μ≈“¥‚≈°

Àπà«¬ : ¥Õ≈≈à“√å/μ—π

√“§“Õ≈Ÿ¡‘‡π’¬¡μ“¡√“§“μ≈“¥‚≈° Àπà«¬ : ¥Õ≈≈à“√å/μ—π

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Global copper price

unit : Dollar/Ton

Global aluminum price unit : Dollar/Ton

30/12/2004 30/12/2005 30/12/2006

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4. ªí®®—¬§«“¡‡ ’Ë¬ß 4.1 §«“¡‡ ’Ë¬ß®“°°“√ Ÿ≠‡ ’¬≈Ÿ°§â“√“¬„À≠à ∫√‘…—∑ª√–°Õ∫∏ÿ√°‘®„π≈—°…≥–º≈‘μμ“¡§” —Ëß¢Õß≈Ÿ°§â“ ‚¥¬·∫àßª√–‡¿∑∏ÿ√°‘®ÕÕ°‡ªìπ 5 °≈ÿà¡ §‘¥‡ªìπ —¥ à«π√“¬‰¥â¥ß— π’È °≈ÿ¡à ™‘πÈ à«π‡§√◊ÕË ßª√—∫Õ“°“»„π√∂¬πμå 18% °≈ÿ¡à ™‘πÈ à«π‡§√◊ÕË ßª√—∫Õ“°“»¿“¬„πÕ“§“√ 60% °≈ÿà¡™‘Èπ à«π§Õ¡‡æ√ ‡´Õ√å 9% °“√¢÷Èπ√Ÿª‚≈À–·ºàπ 11% ·≈–°“√º≈‘μ‡§√◊ËÕß·™à·¢Áß∂πÕ¡Õ“À“√ 2% ‚¥¬¡’ ≈Ÿ°§â“∑—Èß ‘Èπ®”π«π 72 √“¬ ‡ªìπ≈Ÿ°§â“√“¬„À≠à´÷Ëß¡’√“¬‰¥âμ—Èß·μà 10% ¢Õß√“¬‰¥â√«¡®”π«π 1 √“¬ §‘¥‡ªìπ 17% ®“°√“¬‰¥â√«¡ ∫√‘…—∑‰¡à¡’§«“¡‡ ’Ë¬ß‡π◊ËÕß®“°∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬¡’∞“π¢Õß≈Ÿ°§â“∑’ËÀ≈“°À≈“¬·≈–¡’Õ¬Ÿà®”π«π ¡“°√“¬ ®”π«π‡ß‘π Ÿß ÿ¥∑’Ë∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬Õ“®μâÕß Ÿ≠‡ ’¬®“°°“√„Àâ ‘π‡™◊ËÕ§◊Õ¡Ÿ≈§à“μ“¡∫—≠™’¢Õß ≈Ÿ°Àπ’È·≈–μ—Î«‡ß‘π√—∫°“√§â“·≈–‡ß‘π„Àâ°Ÿâ¬◊¡∑’Ë· ¥ßÕ¬Ÿà „πß∫¥ÿ≈

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SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

4. Risk Factors 4.1 The Risk in relation to Major Customer Dependency The Company provides products and services through 5 business groups according to customerûs order. Automobile air conditioner parts, indoor air conditioner parts, compressor parts, metal sheet fabrication and freezer manufacturing contribute 18%, 60%, 9%, 11% and 2% of total revenues, respectively with total 72 customers. Each customerûs revenue are less than 10% of the Companyûs revenue except only 1 major customer whose share accounted for 17% of the Companyûs revenue. Therefore, the Company faces a minimal risk of losing major clients since the customer base of the Company and subsidiaries is well diversified. The maximum exposure is limited to the carrying amount of trade credit offered to clients or book value of trade account and notes receivables, including loans as shown in Balance sheet.

4.2 The Risk in relation to Raw Material 4.2.1 The Risk of Dependence on Major Raw Material Suppliers Four major raw materials are required for the Companyûs production line, i.e. copper, aluminum, brass and metal sheet. Copper has accounted for 60% of total raw material purchased in the year 2006 (2005 : 39%) with Furugawa Metal Thailand Public Company Limited as the major supplier or 75% of total copper purchased due to its serving capability, prompt service and good specifications at the reasonable price. Even though there is no long-term contract with supplier, the Company has put order 3-6 months in advance. However, in order to avoid the risk of other raw materials shortage, the Company has ordered aluminum, brass and metal sheet from various suppliers or imported aluminum and brass directly from Singapore Malaysia Japan or China. 4.2.2 The risk of Raw Material Price Flucutation Copper, aluminum, brass and metal sheet are the major raw material of the Company. Copper, in particular, is the commodity product imported from other countries. Its price shall be fluctuated according to global price. During the year 2006, copper average price has been increased continuously from 4,733 US$/Ton in January to 6,671 US$/Ton in December. However, to mitigate this kind of risk, the Company has taken the following actions: ● Regularly monitor and follow-up the trend of both global and local raw material price by professional management with more than 20 years of experience. ● Plan and order raw materials 3 months in advance and mutually determine the selling price with customer base on the raw material cost. 43

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SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

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Co-ordinate with customers in order to enhance the cost management effectiveness by means of infabrication the current situation of raw material price and the necessity of price adjustment, as well as sharing the increase occurred burdens. Offer the product price by excluding raw material cost to some major customers and allow such customers to procure the raw material as required themselves in order to prevent the risk of material price fluctuation.

4.3 Financial Risk 4.3.1 Credit Risk Credit risk is the risk from a situation in which the Companyûs counter-parties of contracts with the Company fail to fulfill their agreed obligations. The Company manages this risk by introducing the credit rating guideline and strict financial status analysis. However, apart from the well-diversified customer base, due to the well-known customers with strong financial position, the Company strongly believes that the loss from credit risk is minimal. 4.3.2 Foreign Exchange Rate Risk Foreign exchange rate risk is resulted from the change in the value of financial instruments (account receivables or payable) according to the exchange rate fluctuation. The Company's foreign exchange rate risk might be arose mainly from purchase of assets that are dominated in foreign currencies. The Company seek to reduce this risk by entering into Forward exchange contract with the maturity less than 1 year. 4.3.3 Interest Rate Risk Interest rate risk shall occur due to the change in the market interest rate which will have an effect of the Company's operation and cashflow. The Company considers itself no interest rate risk since most its financial assets and liabilities carries interest rate which will fluctuate in line with that of the market rates and will be matured or re-priced in the near future.

4.4 The Risk of Having Major Shareholder SNC Holding Company Limited, the Companyûs major shareholder, is eligible to gain almost absolute control over the resolution of shareholderûs meeting in the matter of director appointment or other issues, which require majority vote from shareholdersû meeting, except for the issues, which is required by laws or related rules to have minimum of 3/4 vote. Therefore, other shareholders might not be able to gather sufficient vote to counter against the issues proposed by major shareholder.

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™◊ÕË π“¬ ¡™—¬ ‰∑¬ ß«π«√°ÿ≈ π“ßÕπß§åπ“√∂ æß…å»“‚√®πå π“ß “«æ‘‰≈≈—°…≥å ¢ÿπ√—°…åæ√À¡ π“¬∑»æ√ ‰∑¬ ß«π«√°ÿ≈ π“¬‡§Õ‘™‘π π“§“‚¡‚μ– π“¬‡§π®‘ ‚§¥“¡– π“¬øŸ¡‘Õ“°‘ ∑“§“Œ“™‘ π“¬ ¡∫ÿ≠ ‡°‘¥À≈‘π π“ß “«√ÿ®‘√“ °≈‘Ëπ®—π∑√å π“¬«√ÿ≥æ√ ®—π∑√å°”‡π‘¥ Õ◊Ëπ Ê √«¡

®”π«πÀÿâπ “¡—≠ 3,235,157 2,146,250 757,500 757,500 757,500 505,000 505,000 252,500 189,375 189,375 804,843 10,100,000

√âÕ¬≈–¢Õß®”π«πÀÿâπ∑—ÈßÀ¡¥ 32.03 21.25 7.50 7.50 7.50 5.00 5.00 2.50 1.88 1.88 7.96 100.00

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

5. Shareholding Structure and Management 5.1 Shareholders Top-ten major shareholders of the Company according to the latest book closing date of the year 2006 on August 15, 2006 is as follows

No. 1 2 3 4 5 6 7 8 9 10

Name

Number of shares

SNC Holding Company Limited Mr. Somchai Thaisanguanvorakul Mr. Vitid Pongpirodome Mr. Pitak pisetsit Ms. Anongnart Pongsaroj Mr. Suthep Panyakorn Ms. Chana Hetrakul Ms. Pilailuck Koonrukprom Mr. Sakol Ngamlertchai Ms. Thanaporn Kijbuncha Total

101,000,100 11,584,300 9,000,000 3,760,000 3,698,300 3,563,200 3,408,800 2,400,000 2,373,600 2,046,900 142,835,200

% of total issued shares 50.15 5.75 4.47 1.87 1.84 1.77 1.69 1.19 1.18 1.02 70.85

**Shareholders of SNC Holding Company Limited

No. 1 2 3 4 5 6 7 8 9 10 11

Name Mr. Somchai Thaisanguanvorakul Ms. Anongnart Pongsaroj Ms. Pilailuck Koonrukprom Mr. TosapornThaisanguanvorakul Mr. Keichin Nakamoto Mr. Kenji Kodama Mr. Fumiaki Takahashi Mr. Somboon Gurdlin Ms. Rujira Klinchand Mr. Varunporn Chandgumnurd Others Total

Number of shares 3,235,157 2,146,250 757,500 757,500 757,500 505,000 505,000 252,500 189,375 189,375 804,843 10,100,000

% of total issued shares 32.03 21.25 7.50 7.50 7.50 5.00 5.00 2.50 1.88 1.88 7.96 100.00

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SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

5.2 Management 5.2.1 Management (1) The Company's Board of Directors Structure Board of Directors structure of SNC Former Public Company Limited comprises of Board of Directors and 3 particular committees to oversee any significant matters, i.e. Audit Committee, Nomination Committee and Remuneration Committee, with the Chairman of the Board is the top management of the Company. The Company honorably invites Professor Dr. Boonton Dockthaisong, a highly recognized scholar, to be the Chairman of the Advisory Board providing the advice and recommendation to the Companys没 Board of Directors in relation to the overall policy and business direction, including risk management. In the past he had assumed a membership of the Senate of Nakorn Ratchasima and the President of the Research Director of the Senate, including the Deputy Chairman of the said Senate, ranked the second.

SNC Former Public Company Limited

Board of Directors

Audit Committee

Executive Committee

Internal Audit

Nomination Committee

Chairman of Executive Committee and Management

Remuneration Committee

Automobile Air Conditioner Parts Business

Freezer Bussiness

Indoor Air Conditioner Parts Business

Die and Mold Manufacutring and Reparing Business

Metal Fabrication Parts Business

Mechanical Device Manufacturing 49

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SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

(1.1) The Company's Board of Directors Board of Directors of SNC Former Public Company Limited comprises of 10 directors, of which 5 directors are the management director and the remaining 5 directors are non-management director (including 3 independent directors), according to the Company没s Articles of Association indicated that the Company shall maintain at least 5 directors at all time. The independence of director has been determined in relation to the regulations of Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) as follows: (1) Holding shares not more than 5% of paid-up capital of the Company, affiliated company, associated company or related company, which shall be inclusive of the shares held by related persons under Section of the Securities and Exchange Act, B.E. 2535. (2)

Being a director who does not take part in the management of the company, affiliated company, associated company, related company or majority shareholder of the company, and is not an employee, staff member or advisor of SNC Former Public Company Limited, subsidiaries, associated company, related company or being a person with conflict of interest of the Company including no benefit or interest of the said nature during the period of 2 year before his appointment as a member of the audit committee.

(3)

Being a director who has no business relationship such as customer, trading partner, payables/receivables, lender/borrower. And being a director who has no direct or indirect benefit or interest in finance and management of SNC Former Public Company Limited, subsidiaries, associated company or juristic person with potential conflict of interest.

(4)

Being a director who is not a related person or close relative of any management member or majority shareholder of SNC Former Public Company Limited, subsidiaries, associated companies or person with conflict of interest and not being a director whom is appointed as a representative to safeguard interests of the Company's directors or majority shareholders.

(5)

Being capable of perfabrication duties and providing opinions independently.

The Company没s authorized signatories are (1) Chairman of the Executive Committee and (2) one of the three directors, jointly sign with the seal of the Company affixed. The responsibilities of the Company没s Board of Directors are as the following:

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§≥–°√√¡°“√∫√‘…—∑ ¡’Õ”π“®·μàßμ—Èß°√√¡°“√§πÀπ÷Ëß‡ªìπª√–∏“π°√√¡°“√∫√‘À“√·≈– ‡≈¢“πÿ°“√§≥–°√√¡°“√μ“¡∑’Ë§≥–°√√¡°“√∫√‘…—∑‡ÀÁπ ¡§«√

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§≥–°√√¡°“√¡’Õ”π“®°”Àπ¥ ·≈–·°â ‰¢‡ª≈’Ë¬π·ª≈ß™◊ËÕ°√√¡°“√´÷Ëß¡’Õ”π“®≈ßπ“¡ ºŸ°æ—π∫√‘…—∑‰¥â

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Authority of the Board of Directors ●

The Board is responsible for managing the Company in line with legal requirements, the Companyûs objectives, Articles of Association, as well as the resolution adopted at the shareholders' meeting. This excludes the matters required the shareholdersû resolution, connected transactions and acquisition or disposition of significant assets according to the regulation of the SET or any other laws.

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The Board is authorized to approve the amendment of the Companyûs Articles of Association, the capital increase, the capital reduction, newly issued shares allotment and amendment of rights in the common shares.

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The Board is entitled to approve the establishment of any companies or taking over any benefits in any other companies.

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The Board is authorized to approve the investment project, borrowing or receiving any financial support with the amount more than Baht 50,000,000 (fifty million Baht).

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The Board is authorized to provide or not provide consent in the matter that may cause the whole or partly of the Company's business to be under any others control apart from the Board.

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The Board is authorized to amend the position and/or authorities of the Companyûs Managing Director as deem appropriate.

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The Board is authorized to approve the matters that may cause the mortgage or any other contingent liabilities to business operation, the whole or important parts of assets, except the normal business matters.

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The Board is authorized to approve any loan or credit providing apart from the normal business.

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The Board is authorized to approve any accusations or any compromises or agreements according to any other appeals apart from the normal business.

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The Board is entitled to assign one director to assume Chairman of the Board and may assign Deputy Chairman as deem appropriate.

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The Board is entitled to assign one director to assume Chairman of the Executive Committee and may assign Secretary to the Board as deem appropriate.

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The Board is authorized to determine and amend the name of authorized directors.

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√∫√‘…—∑

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°”Àπ¥«‘ —¬∑—»πå ∑‘»∑“ß·≈–°≈¬ÿ∑∏å¢Õß∫√‘…—∑

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Õ¥ àÕß¥Ÿ·≈·≈–®—¥°“√·°â ‰¢ªí≠À“§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå∑’ËÕ“®‡°‘¥¢÷Èπ √«¡∂÷ß √“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π

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¥Ÿ·≈„Àâ¡’√–∫∫À√◊Õ°≈‰°°“√®à“¬§à“μÕ∫·∑πºŸâ∫√‘À“√√–¥—∫ Ÿß∑’Ë‡À¡“– ¡ ‡æ◊ËÕ°àÕ„Àâ‡°‘¥ ·√ß®Ÿß„®∑—Èß„π√–¬– —Èπ·≈–√–¬–¬“«

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∑”°“√ª√–‡¡‘πº≈ß“π¢Õßª√–∏“π°√√¡°“√∫√‘À“√ ·≈–°”Àπ¥§à“μÕ∫·∑π „Àâ Õ¥§≈âÕß °—∫º≈°“√¥”‡π‘πß“π

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„Àâ¡’°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈∑’Ë∂Ÿ°μâÕß ™—¥‡®π ‚ª√àß„ πà“‡™◊ËÕ∂◊Õ·≈–¡’¡“μ√∞“π Ÿß

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®—¥„Àâ¡’°“√ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑‰μ√¡“ ≈– 1 §√—Èß ‡ªìπÕ¬à“ßπâÕ¬ À√◊Õª√–∏“π °√√¡°“√®–æ‘®“√≥“‡ÀÁπ ¡§«√‡√’¬°ª√–™ÿ¡‡ªìπ«“√–æ‘‡»…‡æ‘Ë¡‡μ‘¡μ“¡§«“¡®”‡ªìπ ‚¥¬¡’°“√°”Àπ¥«“√–°“√ª√–™ÿ¡≈à«ßÀπâ“∑’Ë™—¥‡®π ‡ªìπ√–‡∫’¬∫«“√–æ√âÕ¡‡Õ° “√ ª√–°Õ∫°“√ª√–™ÿ¡∑’Ë‡æ’¬ßæÕ ·π∫°—∫Àπ—ß ◊Õ‡™‘≠ª√–™ÿ¡„Àâ·°à°√√¡°“√∑ÿ°∑à“π°àÕπ °“√ª√–™ÿ¡‰¡àπâÕ¬°«à“ 7 «—π‡æ◊ËÕ„Àâ§≥–°√√¡°“√ ‰¥â¡’‡«≈“»÷°…“¢âÕ¡Ÿ≈°àÕπ°“√ª√–™ÿ¡ ‡«âπ·μà°√≥’¡’‡Àμÿ®”‡ªìπ‡√àß¥à«π∑’Ë®–μâÕß√—°…“ ‘∑∏‘·≈–ª√–‚¬™πå¢Õß∫√‘…—∑ ´÷ËßμâÕß·®âß π—¥ª√–™ÿ¡‚¥¬«‘∏’Õ◊Ëπ·≈–°”Àπ¥«—πª√–™ÿ¡„Àâ‡√Á«°«à“π—Èπ°Á ‰¥â ·≈–„Àâ¡’°“√∫—π∑÷°√“¬ß“π °“√ª√–™ÿ¡ ·≈–®—¥‡°Á∫√«∫√«¡‡Õ° “√√“¬ß“π∑’Ë√—∫√Õß·≈â« ‡æ◊ËÕ„™â „π°“√Õâ“ßÕ‘ß ·≈– “¡“√∂μ√«® Õ∫‰¥â·≈–‡ªî¥‚Õ°“ „Àâ¡’°“√· ¥ß§«“¡‡ÀÁπÕ¬à“ß‡ªìπÕ‘ √– „π·μà≈– «“√–¡’°“√·∫àß‡«≈“‰«âÕ¬à“ß‡æ’¬ßæÕ‡æ◊ÕË °“√Õ¿‘ª√“¬·≈–· ¥ß§«“¡§‘¥‡ÀÁπÕ¬à“ß√Õ∫§Õ∫ ‚¥¬ª√–∏“π°√√¡°“√‡ªìπºŸâ¥Ÿ·≈„Àâ „™â‡«≈“„π°“√ª√–™ÿ¡Õ¬à“ß‡À¡“– ¡

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„π°“√ª√–™ÿ¡§≥–°√√¡°“√®–μâÕß¡’°√√¡°“√¡“√à«¡ª√–™ÿ¡‰¡àπâÕ¬°«à“°÷ËßÀπ÷Ëß(1/2) ¢Õß®”π«π°√√¡°“√∑—ÈßÀ¡¥®÷ß®–§√∫Õß§åª√–™ÿ¡

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Scope of duties and responsibilities of the Board of Directors ●

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The Board is responsible for managing the Company in line with legal requirements, the Companyûs objectives, Articles of Association, as well as the resolution adopted at the shareholderûs meeting, including the Code of Best Practice for Directors of Listed Companies set by the SET and the SEC to enhance the Companyûs Good Corporate Governance. Determine vision, business direction and plan of the Company. Approve the significant strategies and policies as well as objectives, financial goal, business plan and ensure that the determined plan has been implemented. Arrange for the accounting system, financial report and accounting audit as well as ensure that the internal control and audit is proper and effective. Monitor and administer the conflict of interest might occur according to the connected transactions. Determine the policy and guideline related to risk management covering all aspects and ensure that the managements have put in place the effective risk management system. Ensure that the remuneration paid to top managements is reasonable and able to stimulate both short-term and long-term motivation. Assess the performance of the Chairman of the Executive Committee and determine the remuneration according to the performance. Equitably oversee the benefits and rights of both major shareholders and minorities, including providing proper communication channels to each stakeholders. Ensure the accuracy, transparency, trustworthiness and high standard of information to be disclosed. Arrange for the Board of Directorûs meeting at least once every three months or if deem necessary, the Chairman of the Board might call an extraordinary meeting with clearly specified agenda and sufficient information together with a written notice calling the meeting to all directors not less than 7 days prior to the date of the meeting in order to provide enough time set aside for directors to analyze the important information. Where it is necessary or urgent to preserve the rights or benefits of the Company, the meeting may be called by other methods and an earlier meeting date may be chosen. Moreover, the Board shall maintain the certified minutes of meeting and keep them for future references and audit. All directors are encouraged to express their opinion independently with sufficient time upon the Chairman of the Boardûs consideration. 55

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

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§≥–°√√¡°“√∫√‘…—∑¡’Àπâ“∑’Ë„π°“√‡¢â“√à«¡ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ∑ÿ°§√—Èß

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°√√¡°“√¢Õß∫√‘…—∑œ¡’Õ‘ √–„π°“√‡¢â“∂÷ß·≈–μ‘¥μàÕ ◊ËÕ “√°—∫ΩÉ“¬∫√‘À“√ ·≈–‡≈¢“πÿ°“√ ∫√‘…—∑‰¥â ‚¥¬μ√ß „π°√≥’∑’ËμâÕß°“√¢âÕ¡Ÿ≈‡æ‘Ë¡‡μ‘¡‡°’Ë¬«°—∫º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑œ ·≈–¢âÕ¡Ÿ≈Õ◊ËπÊ πÕ°‡Àπ◊Õ®“°∑’Ë ‰¥â√—∫®“°°“√ª√–™ÿ¡μ“¡«“√–ª°μ‘ª√–®”∑ÿ°‰μ√¡“

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§≥–°√√¡°“√∫√‘…∑— ‡©æ“–°√√¡°“√∑’Ë ‰¡à‡ªìπºŸ∫â √‘À“√„Àâª√–™ÿ¡√–À«à“ß°—π‡Õß‡ªìπª√–®” ‡æ◊ËÕ‡ªî¥‚Õ°“ „ÀâÕ¿‘ª√“¬ªí≠À“μà“ßÊ ∑—Èß∑’Ë‡°’Ë¬«°—∫∏ÿ√°‘®¢Õß∫√‘…—∑·≈–‡√◊ËÕß∑’ËÕ¬Ÿà „π§«“¡ π„® ‚¥¬‰¡à¡’ΩÉ“¬∫√‘À“√√à«¡¥â«¬

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Õÿ∑‘»μπ·≈–‡«≈“‡æ◊ËÕ∫√‘…—∑ ‚¥¬‰¡à· «ßÀ“º≈ª√–‚¬™πå·°àμπ‡ÕßÀ√◊ÕºŸâÀπ÷ËßºŸâ „¥ ·≈–‰¡à ¥”‡π‘π°“√„¥Ê ∑’Ë‡ªìπ°“√¢—¥·¬âßÀ√◊Õ·¢àß¢—π°—∫º≈ª√–‚¬™πå¢Õß∫√‘…—∑À√◊Õ∫√‘…—∑ „π‡§√◊Õ àß‡ √‘¡„Àâæπ—°ß“π∑ÿ°√–¥—∫¡’®‘μ ”π÷°„π®√‘¬∏√√¡·≈–§ÿ≥∏√√¡ ‚¥¬μ√–Àπ—°„π §«“¡ ”§—≠¢Õß√–∫∫§«∫§ÿ¡·≈–μ√«® Õ∫¿“¬„π ‡æ◊ËÕ≈¥§«“¡‡ ’Ë¬ß¥â“π°“√∑ÿ®√‘μ·≈– °“√„™âÕ”π“®Õ¬à“ß‰¡à∂Ÿ°μâÕß √«¡∑—ÈßªÑÕß°—π°“√°√–∑”º‘¥°ÆÀ¡“¬¥â«¬

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‡ªìπºŸâπ”·≈–‡ªìπμ—«Õ¬à“ß„π°“√ªØ‘∫—μ‘ß“π∑’Ë¥’

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

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At a meeting of the Board, at least one half (1/2) of the total number of directors present shall form a quorum. The Board has a responsibility to attend the shareholderûs meeting. Directors of the Company are able to access and communicate independently with the Companyûs management and Secretary to the Board in order to request for additional information regarding business operation and any other information apart from the normal matters in the regular meeting. Non-management directors shall regularly arrange for the meeting to discuss any other matters in relation to the Companyûs business operation and interesting issues without management attending. All directors are prohibited to engage in trading of the shares of the Companyûs Group by using the inside information that has not yet been disclosed to the public for personal interest. Furthermore, according to the Corporate Governance Policy, directors, management and employees shall prevent from trading the shares of the Companyûs Group one month prior to the public announcement of financial statements. No director shall operate any business which has the same nature as and is in competition with the business of the Company or become a partner in an ordinary partnership or become a partner with unlimited liability in a limited partnership or become a director of any other private or public company operating business which has the same nature as and is in competition with the business of the Company, unless he or she notifies the shareholderûs meeting prior to the resolution for his or her appointment. A director shall notify the Company without delay when such director has an interest in any contract which is made by the Company or the number of shares or debentures of the Companyûs Group held by such director has been increased or decreased. Directors shall devote themselves for the Company and seek no any personal interest as well as not possess any actions that conflict or compete with the Company or subsidiaries. Directors shall also promote all level of employees to hold high level of morality and virtue, with strongly concentration on internal control and audit in order to lessen the deception might arise and misusing of power, including the illegal actions. Maintain a leadership and be a role model in relation to business operation.

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

(1.2) §≥–°√√¡°“√μ√«® Õ∫ (Audit Committee) §≥–°√√¡°“√μ√«® Õ∫·μàßμ—Èß®“°°√√¡°“√∫√‘…—∑ ´÷Ëß¡’§ÿ≥ ¡∫—μ‘μ“¡∑’Ë°ÆÀ¡“¬À≈—°∑√—æ¬å ·≈–μ≈“¥À≈—°∑√—æ¬å°”Àπ¥ ¡’®”π«πÕ¬à“ßπâÕ¬ “¡§π ·≈–Õ¬à“ßπâÕ¬Àπ÷Ëß§πμâÕß¡’§«“¡√Ÿâ¥â“π∫—≠™’·≈– °“√‡ß‘π Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√μ√«® Õ∫

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°”°—∫¥Ÿ·≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑„Àâ‡°‘¥§«“¡™—¥‡®π„π¥â“π°“√∫√‘À“√ß“π¥â«¬§«“¡ ´◊ËÕ —μ¬å ÿ®√‘μ ·≈–§«“¡√—∫º‘¥™Õ∫¢Õß°√√¡°“√∫√‘À“√À√◊ÕºŸâ∫√‘À“√Õ—π®–æ÷ß¡’μàÕºŸâ∂◊ÕÀÿâπ ¢Õß∫√‘…—∑ μ≈Õ¥®π¥”‡π‘π°“√„Àâ‡ªìπ∑’Ë¡—Ëπ„®«à“°√√¡°“√∫√‘À“√ ·≈–ºŸâ∫√‘À“√¢Õß∫√‘…—∑ ‰¥â ∫ √‘ À “√°‘ ® °“√μ“¡π‚¬∫“¬¢Õß§≥–°√√¡°“√∫√‘ …— ∑ Õ¬à “ ß∂Ÿ ° μâ Õ ß§√∫∂â « π ·≈– ¡’¡“μ√∞“π

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Õ∫∑“π„Àâ∫√‘…—∑ªØ‘∫—μ‘μ“¡°ÆÀ¡“¬«à“¥â«¬À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ¢âÕ°”Àπ¥ ¢Õßμ≈“¥À≈—°∑√—æ¬å À√◊Õ°ÆÀ¡“¬∑’Ë‡°’Ë¬«¢âÕß°—∫∏ÿ√°‘®¢Õß∫√‘…—∑

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Õ∫∑“π„Àâ∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π (Internal Control) ·≈–°“√μ√«® Õ∫¿“¬„π (Internal Audit) ∑’Ë‡À¡“– ¡·≈–¡’ª√– ‘∑∏‘º≈μ“¡«‘∏’°“√·≈–¡“μ√∞“π “°≈∑’Ë¬Õ¡√—∫ ‚¥¬∑—«Ë ‰ª

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æ‘®“√≥“ Õ∫∑“π·≈–„Àâ§«“¡‡ÀÁπμàÕ°“√‡¢â“∑”√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π¢Õß∫√‘…—∑ ·≈–∫√‘…—∑ ¬àÕ¬„Àâ‡ªìπ‰ªμ“¡ª√–°“» ¢âÕ°”Àπ¥ ·≈–·π«∑“ßªØ‘∫—μ‘∑’Ë‡°’Ë¬«¢âÕß¢Õßμ≈“¥À≈—°∑√—æ¬å ·Ààßª√–‡∑»‰∑¬

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æ‘®“√≥“ §—¥‡≈◊Õ° ‡ πÕ·μàßμ—Èß ·≈–‡ πÕ§à“μÕ∫·∑πºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑

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æ‘®“√≥“°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈¢Õß∫√‘…—∑„π°√≥’∑’Ë‡°‘¥√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π À√◊Õ√“¬°“√∑’Ë Õ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå„Àâ¡’§«“¡∂Ÿ°μâÕß·≈–§√∫∂â«π

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®—¥∑”√“¬°“√°”°—∫¥Ÿ·≈°‘®°“√¢Õß§≥–°√√¡°“√μ√«® Õ∫‚¥¬‡ªî¥‡º¬‰«â „π√“¬ß“π ª√–®”ªï¢Õß∫√‘…—∑ ´÷Ëß√“¬ß“π¥—ß°≈à“«μâÕß≈ßπ“¡‚¥¬ª√–∏“π§≥–°√√¡°“√μ√«® Õ∫

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ª√–™ÿ¡√à«¡°—∫ºŸμâ √«® Õ∫∫—≠™’¿“¬πÕ°·≈–ΩÉ“¬∫—≠™’ „π°“√ Õ∫∑“πß∫°“√‡ß‘π∑ÿ°‰μ√¡“

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Õ∫∑“π„Àâ∫√‘…—∑¡’√–∫∫∫√‘À“√§«“¡‡ ’Ë¬ß (Risk Management) ∑’Ë‡À¡“– ¡·≈– ¡’ª√– ‘∑∏‘º≈

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Õ∫∑“π·≈–„Àâ§«“¡‡ÀÁπμàÕ·ºπμ√«® Õ∫¿“¬„π °“√ªØ‘∫—μ‘ß“π¢Õß ”π—°ß“πμ√«® Õ∫¿“¬„π ·≈–ª√– “πß“π°—∫ºŸâ Õ∫∫—≠™’∫√‘…—∑

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æ‘®“√≥“Õπÿ¡—μ‘ß∫ª√–¡“≥·≈–°”≈—ßæ≈¢Õß ”π—°ß“πμ√«® Õ∫¿“¬„π

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·μàßμ—Èß ∂Õ¥∂Õπ ‚¬°¬â“¬ À√◊Õ‡≈‘°®â“ßºŸâÕ”π«¬°“√ ”π—°ß“πμ√«® Õ∫¿“¬„π

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

(1.2) Audit Committee Audit Committee has been appointed by the Board of Directors with the qualifications stipulated by the securities laws and the SET regulation. The Audit Committee comprises of 3 directors, of which one director shall possess the knowledge about accounting and finance. Scope of duties and responsibilities of the Audit Committee ● Ensure that the Company has operated its business with transparency and honestly as well as monitor the responsibilities of Chairman of the Executive Committee or the management to the shareholders. The Audit Committee shall also responsible for the performance monitoring of Executive Committee and the management to ensure that the Companyûs policies has been implemented accurately, completely and in line with the determined standard. ● Ensure that the Company maintains accurate and sufficient financial statements. ●

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Encourage the Company to maintain the financial reporting system to be in line with the general acceptance accounting standard. Ensure that the Company performs in accordance with the securities and exchange laws, regulations of the SET and laws concerning the business of the Company. Ensure that there is sufficient and efficient internal control and internal audit according to general acceptance standard. Consider and provide opinion for matters that may constitute a connected transaction or have any conflict of interests according to the notifications and regulation stipulated by the SET. To consider, select, nominate and recommend remuneration of the Companyûs auditor. To review the disclosure of information of the company in case that there is a connected transaction or transaction that may lead to conflict of interest so as to ensure the accurateness and completeness. Prepare the report of the Audit Committee to be revealed in the annual report of the Company which shall be signed by the Chairman of the Audit Committee. To arrange for the meeting with external auditor and accounting function to quarterly review the Companyûs financial statements. To review and ensure that the Company maintain suitable and efficient Risk Management system. 59

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√“¬ß“πº≈°“√ªØ‘∫—μ‘ß“π¢Õß§≥–°√√¡°“√μ√«® Õ∫„Àâ§≥–°√√¡°“√∫√‘…—∑∑√“∫Õ¬à“ß πâÕ¬ªï≈– 4 §√—Èß

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(1.3) §≥–°√√¡°“√ √√À“ Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√ √√À“

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∑”Àπâ“∑’Ë§—¥‡≈◊Õ°∫ÿ§§≈∑’Ë ¡§«√‰¥â√—∫°“√‡ πÕ√“¬™◊ËÕ‡ªìπ°√√¡°“√„À¡àÀ√◊Õ √√À“ ª√–∏“π°√√¡°“√∫√‘À“√

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æ‘®“√≥“ √√À“ºŸâ∑’Ë‡À¡“– ¡∑’Ë®–¥”√ßμ”·Àπàßª√–∏“π°√√¡°“√∫√‘À“√ „π°√≥’∑’Ë¡’ μ”·Àπàß«à“ß≈ß

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®—¥∑”À≈—°‡°≥±å„π°“√ ◊∫∑Õ¥μ”·Àπàß ®—¥∑”·ºπ ◊∫∑Õ¥μ”·Àπàßª√–∏“π°√√¡°“√ °√√¡°“√ºŸâ®—¥°“√·≈–§≥–®—¥°“√√–¥—∫ Ÿß¢Õß∫√‘…—∑ ‡æ◊ËÕ‡ πÕ„Àâ§≥–°√√¡°“√∫√‘…—∑ æ‘®“√≥“

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SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

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To review and provide opinion on internal audit plan, internal audit performance and coordinate with the Companyûs auditor. To consider and approve the budget and human resources of the internal audit function. To approve the appointment, removal, transfer or dismissal of the Head of internal audit function. To review the fraud result report and determine the preventive plan within the organization. To reconsider the scope and assess the performance of Audit Committee annually. To ratify the activities of Audit Committee to the Board of Directors at least four times a year. Any other matters assigned by the Board of Directors and approved by the Audit Committee. Any other matters determined in the Companyûs Articles of Association.

(1.3) Nomination Committee Scope of duties and responsibilities of the Nomination Committee ● Formulate criteria and method for proposing candidates for directors or Chairman of the Executive Committee to ensure the transparency. ●

Select and propose names of qualified candidates for directors or Chairman of the Executive Committee.

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Select and propose names of qualified candidates for Chairman of the Executive Committee in the case of vacancy.

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Formulate succession criteria and planning at the executive level, particularly Chairman of the Executive Committee, Managing Director and top-management of the Company, and propose to the Board for consideration.

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Any other matters assigned by the Board of Directors.

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

(1.4) §≥–°√√¡°“√°”Àπ¥§à“μÕ∫·∑π Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√°”Àπ¥§à“μÕ∫·∑π ● °”Àπ¥§à“μÕ∫·∑π∑’®Ë ”‡ªìπ·≈–‡À¡“– ¡∑—ßÈ ∑’‡Ë ªìπμ—«‡ß‘π·≈–¡‘„™àμ«— ‡ß‘π¢Õß§≥–°√√¡°“√ §≥–°√√¡°“√™ÿ¥¬àÕ¬ ·≈–ª√–∏“π°√√¡°“√∫√‘À“√¢Õß∫√‘…—∑„π·μà≈–ªï ●

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°”Àπ¥«‘ ∏’ ° “√·≈–À≈— ° ‡°≥±å ° “√°”Àπ¥§à “ μÕ∫·∑π„Àâ · °à ° √√¡°“√·≈–ª√–∏“π °√√¡°“√∫√‘À“√∑’Ë‡ªìπ∏√√¡·≈– ¡‡Àμÿ ¡º≈ ·≈–π”‡ πÕ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ‡æ◊ËÕæ‘®“√≥“ Õπÿ¡—μ‘

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§≥–°√√¡°“√°”Àπ¥§à“μÕ∫·∑π√—∫º‘¥™Õ∫μàÕ§≥–°√√¡°“√∫√‘…—∑ ·≈–¡’Àπâ“∑’Ë „ Àâ §”™’È·®ß μÕ∫§”∂“¡‡°’Ë¬«°—∫§à“μÕ∫·∑π¢Õß°√√¡°“√·≈–ª√–∏“π°√√¡°“√∫√‘À“√„π∑’Ë ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ

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(1.5) §≥–°√√¡°“√∫√‘À“√ §≥–°√√¡°“√∫√‘À“√ ª√–°Õ∫¥â«¬ ª√–∏“π°√√¡°“√∫√‘À“√ °√√¡°“√ºŸâ®—¥°“√ °√√¡°“√∫√‘À“√ ·≈–§≥–ºŸâ∫√‘À“√ Õ”π“®Àπâ“∑’Ë¢Õßª√–∏“π°√√¡°“√∫√‘À“√ ● ª√–∏“π°√√¡°“√∫√‘À“√¡’Õ”π“®·≈–Àπâ“∑’Ë‡°’Ë¬«°—∫°“√∫√‘À“√∫√‘…—∑ μ“¡∑’Ë§≥– °√√¡°“√¡Õ∫À¡“¬ ·≈–®–μâÕß∫√‘À“√∫√‘…—∑μ“¡·ºπß“πÀ√◊Õß∫ª√–¡“≥∑’Ë ‰¥â√—∫Õπÿ¡—μ‘ ®“°§≥–°√√¡°“√Õ¬à“ß‡§√àß§√—¥ ´◊ËÕ —μ¬å ÿ®√‘μ·≈–√–¡—¥√–«—ß √—°…“º≈ª√–‚¬™πå¢Õß ∫√‘…—∑·≈–ºŸâ∂◊ÕÀÿâπÕ¬à“ß¥’∑’Ë ÿ¥ Õ”π“®Àπâ“∑’Ë¢Õßª√–∏“π°√√¡°“√∫√‘À“√„Àâ√«¡∂÷ß‡√◊ËÕß À√◊Õ°‘®°“√μà“ßÊ ¥—ßμàÕ‰ªπ’È¥â«¬

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SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

(1.4) Remuneration Committee Scope of duties and responsibilities of the Remuneration Committee ● Annually set the appropriate scheme for remuneration payment in terms of financial remuneration and other remuneration for the Board of Directors, other committees and Chairman of the Executive Committee. ● Consider the remuneration scheme guideline for Chairman of the Executive Committee and members of Executive Committee. ● Formulate criteria and method for remuneration scheme payment for the Board and Chairman of the Executive Committee on fair and reasonable basis, and further propose to the shareholders for approval. ● Responsible to provide any explanation regarding the remuneration of the Board and Chairman of the Executive Committee in the shareholderûs meeting. ● Report the remuneration scheme policy for the Board of Directors, including the principle/rationale and objectives of the policy in the annual report. ● Any other matters assigned by the Board of Directors. (1.5) Executive Committee Executive Committee composes of Chairman of the Executive Committee, Managing Director, management directors and Management team. Scope of duties and responsibilities of Chairman of the Executive Committee ● Chairman of the Executive Committee is responsible for managing the Company in line with the policies, targets, budgets and plans approved by the Board of Directors upon trustworthiness and due care basis and ensure that the interest of the Company and shareholders has been taken care properly. The responsibilities of the Chairman of Executive Committee includes the following : ● ●

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Perform day-to-day business. Hire, appoint, remove, transfer, promote, demote, reduce the salary or wages of, take disciplinary action against employees and contractors, and dismiss any employee or contractor as specified by the Boar's regulations. For department heads or other positions, approval of the Board shall be required. Ensure the preparation and submission of business policy, including the business and budget plan, to the Board for approval, and report progress of work against the approved plan and budget to the Board every 3 months. Ensure the implementation of the policies, plans, and budgets approved by the Board. 63

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‡ªìπºŸ¡â Õ’ ”π“®„π°“√∫—ß§—∫∫—≠™“ μ‘¥μàÕ —ßË °“√ ¥”‡π‘π°“√ μ≈Õ¥®π‡¢â“≈ßπ“¡„ππ‘μ°‘ √√¡ —≠≠“ ‡Õ° “√§” —ßË Àπ—ß ◊Õ·®âßÀ√◊ÕÀπ—ß ◊Õ„¥Ê ∑’Ë„™âμ¥‘ μàÕ°—∫Àπà«¬ß“π√“™°“√ √—∞«‘ “À°‘® ·≈–∫ÿ§§≈Õ◊Ëπ μ≈Õ¥®π„Àâ¡’Õ”π“®°√–∑”°“√„¥Ê ∑’Ë®”‡ªìπ·≈– ¡§«√ ‡æ◊ËÕ„Àâ°“√¥”‡π‘π °“√¢â“ßμâπ ”‡√Á®≈ÿ≈à«ß‰ª

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‡ªìπºŸâ¡’Õ”π“®„π°“√∫—ß§—∫∫—≠™“æπ—°ß“π·≈–≈Ÿ°®â“ß∑ÿ°μ”·Àπàß √«¡∂÷ß°“√∫√√®ÿ ·μàßμ—Èß ∂Õ¥∂Õπ ‡≈◊ËÕπ≈¥ μ—¥‡ß‘π‡¥◊ÕπÀ√◊Õ§à“®â“ß ≈ß‚∑…∑“ß«‘π—¬ μ≈Õ¥®π„ÀâÕÕ°®“° μ”·Àπàßμ“¡√–‡∫’¬∫ ¢âÕ°”Àπ¥À√◊Õ§” —Ëß∑’Ë§≥–°√√¡°“√¢Õß∫√‘…—∑°”Àπ¥ ·μà∂â“‡ªìπ æπ—°ß“πÀ√◊Õ≈Ÿ°®â“ß™—Èπ∑’Ëª√÷°…“ ºŸâ™à«¬ª√–∏“π°√√¡°“√∫√‘À“√ À√◊ÕºŸâ¥”√ßμ”·Àπàß ‡∑’¬∫‡∑à“¢÷Èπ‰ª®–μâÕß‰¥â√—∫§«“¡‡ÀÁπ™Õ∫®“°§≥–°√√¡°“√∫√‘…—∑°àÕπ ·≈–„Àâ¡’Õ”π“® °”Àπ¥‡ß◊ËÕπ‰¢„π°“√∑”ß“π¢Õßæπ—°ß“π·≈–≈Ÿ°®â“ß ·≈–ÕÕ°√–‡∫’¬∫«à“¥â«¬°“√ªØ‘∫—μ‘ ß“π¢Õß∫√‘…—∑ ‚¥¬‰¡à¢—¥À√◊Õ·¬âß°—∫√–‡∫’¬∫ ¢âÕ°”Àπ¥ À√◊Õ§” —Ëß∑’Ë§≥–°√√¡°“√∫√‘…—∑ °”Àπ¥

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„Àâ¡’Õ”π“®„π°“√¡Õ∫Õ”π“®™à«ß ·≈–/À√◊Õ¡Õ∫À¡“¬„Àâ∫ÿ§§≈Õ◊ËπªØ‘∫—μ‘ß“π‡©æ“–Õ¬à“ß ·∑π‰¥â ‚¥¬°“√¡Õ∫Õ”π“®™à«ß ·≈–/À√◊Õ °“√¡Õ∫À¡“¬¥—ß°≈à“«„ÀâÕ¬Ÿà¿“¬„μâ¢Õ∫‡¢μ ·Ààß°“√¡Õ∫Õ”π“®μ“¡Àπ—ß ◊Õ¡Õ∫Õ”π“®©∫—∫π’È ·≈–/À√◊Õ„Àâ‡ªìπ‰ªμ“¡√–‡∫’¬∫ ¢âÕ°”Àπ¥ À√◊Õ§” —Ëß∑’Ë§≥–°√√¡°“√¢Õß∫√‘…—∑ ·≈–/À√◊Õ∫√‘…—∑°”Àπ¥‰«â

∑—È ß π’È °“√„™â Õ”π“®¢Õßª√–∏“π°√√¡°“√∫√‘ À “√¥— ß °≈à “ «¢â “ ßμâ π ‰¡à “¡“√∂°√–∑”‰¥â À“°ª√–∏“π°√√¡°“√∫√‘À“√¡’ à«π‰¥â à«π‡ ’¬ À√◊ÕÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå„π≈—°…≥–„¥Ê°—∫ ∫√‘…—∑„π°“√„™âÕ”π“®¥—ß°≈à“« Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√∫√‘À“√ ● „Àâ§”ª√÷°…“·≈–¢âÕ‡ πÕ·π–μàÕª√–∏“π°√√¡°“√∫√‘À“√ „π°“√μ—¥ ‘π„®„πª√–‡¥Áπ ∑’Ë ”§—≠μàÕ°≈¬ÿ∑∏åÕß§å°√·≈–∑‘»∑“ß°“√¥”‡π‘π∏ÿ√°‘® ·ºπ°“√≈ß∑ÿπ ß∫ª√–¡“≥ °“√®—¥ √√∑√—æ¬“°√„Àâ°—∫ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡ ¡Õ√å ®”°—¥ (¡À“™π) ·≈– ∫√‘…—∑∑’Ë ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ∂◊ÕÀÿâπ √«¡∑—Èß √â“ß√–∫∫ °“√∑”ß“π¢Õß∫√‘…—∑∑’Ë ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ∂◊ÕÀÿâπ „Àâ‡ªìπ‰ª „π·π«∑“ß‡¥’¬«°—π

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®—¥≈”¥—∫§«“¡ ”§—≠¢Õßº≈°“√μ—¥ ‘π„®¢Õß§≥–°√√¡°“√ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ‡æ◊ËÕπ”‰ª Ÿà°“√¥”‡π‘π°“√Õ¬à“ß¡’ª√– ‘∑∏‘º≈

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°≈—πË °√Õß√–‡∫’¬∫«“√–°“√ª√–™ÿ¡°àÕππ”‡ πÕ§≥–°√√¡°“√ ∫√‘…∑— ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

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®—¥≈”¥—∫§«“¡ ”§—≠„π°“√®—¥ √√∑√—æ¬“°√∫ÿ§§≈·≈–°“√‡ß‘π„Àâ°—∫ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑∑’Ë ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ∂◊ÕÀÿâπ

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

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Being the authorized person who is responsible for managing the Company in line with the Companyûs objectives, Articles of Association, policies, guideline, as well as the resolution adopted at the shareholdersû meeting.

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Order, contact, command, implement, and sign legal contracts, documents, orders, announcements, or any correspondence with government agencies, state enterprises, or other parties; and engage in any necessary and appropriate action that would facilitate the abovementioned duty.

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Command all employee and contractor and hire, appoint, remove, promote, demote, reduce the salary or wages of, take disciplinary action against, and dismiss any employee or contractor under the rules, regulations, or directives of the Board. For employees or contractors serving as advisors, Vice Chairman of the Executive Committee or equivalent or higher positions, approval of the Board shall be required. Chairman of the Executive Committee shall also be authorized to specify the conditions of employment of employees and contractors, and issue rules governing Company operations, provided they do not conflict with rules, regulations, or directives of the Board.

●

Assign power of attorney and/or delegate specific tasks to other persons, provided that such assignment and/or delegation complies with the power of attorney and/or rules, regulations, or directives of the Board and/or the Company.

These authorities and duties of the Chairman of the Executive Committee shall be made invalid if there is a conflict of interest in any form resulting from the Chairman of the Executive Committeeûs exercising of his powers. Scope of duties and responsibilities of the Executive Committee ● Provide advice and recommendations to the Chairman of the Executive Committee on matters concerning corporate strategy and business direction, investment planning, budgeting, allocation of resources for SNC Former Public Company Limited and all companies held by SNC Former Public Company Limited, to ensure that the said companies maintain business processes that are consistent with those of SNC Former Public Company Limited. ● Prioritize decisions made by the Board of Directors of SNC Former Public Company Limited to ensure effective implementation. ● Cautiously review the meeting agendas prior to presentation to the Board of SNC Former Public Company Limited. ● Prioritize the human resources and financial resources allocation for SNC Former Public Company Limited and all companies held by SNC Former Public Company Limited. 65

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

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μ√«® Õ∫μ‘¥μ“¡º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑∑’Ë°”Àπ¥„Àâ‡ªìπ‰ªμ“¡·ºπ∏ÿ√°‘®∑’Ë ‰¥â√—∫ Õπÿ¡—μ‘‰«â

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°”Àπ¥¡“μ√∞“π√–∫∫∫√‘À“√∏ÿ√°‘® √–∫∫∑√—æ¬“°√∫ÿ§§≈ √–∫∫¢âÕ¡Ÿ≈ √«¡∑—Èß‚§√ß √â“ß Õß§å°√„π ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑∑’Ë ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)∂◊ÕÀÿâπ

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°”Àπ¥π‚¬∫“¬°“√∫√‘À“√∑√—æ¬“°√∫ÿ§§≈

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°”Àπ¥π‚¬∫“¬∫√‘À“√§«“¡‡ ’Ë¬ß

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Àâ“¡¡‘„Àâ°√√¡°“√ ºŸâ∫√‘À“√ ·≈–æπ—°ß“π∑”°“√´◊ÈÕ¢“¬À≈—°∑√—æ¬å¢Õß°≈ÿà¡∫√‘…—∑œ ‚¥¬„™â¢âÕ¡Ÿ≈¿“¬„π¢Õß∫√‘…—∑œ ∑’Ë¡’ “√– ”§—≠·≈–¬—ß‰¡à ‰¥â‡ªî¥‡º¬μàÕ “∏“√≥™π ‡æ◊ËÕª√–‚¬™πåμπ‡Õß·≈–ºŸâÕ◊Ëπ √«¡∑—Èß°”Àπ¥‰«â „π®√√¬“∫√√≥¢Õß∫√‘…—∑„Àâ°√√¡°“√ ºŸâ∫√‘À“√ ·≈–æπ—°ß“π À≈’°‡≈’Ë¬ßÀ√◊Õß¥°“√´◊ÈÕ¢“¬À≈—°∑√—æ¬å¢Õß°≈ÿà¡∫√‘…—∑„π™à«ß‡«≈“ 1 ‡¥◊Õπ °àÕπ°“√‡ªî¥‡º¬ß∫°“√‡ß‘π„Àâ·°à “∏“√≥™π

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®—¥ àß√“¬ß“πº≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑·≈–„Àâ§≥–°√√¡°“√∫√‘…—∑√—∫∑√“∫‡ªìπª√–®” ∑ÿ°‡¥◊Õπ

Õ”π“®„π°“√Õπÿ¡—μ‘°“√¥”‡π‘π°“√∑“ß°“√‡ß‘π §≥–°√√¡°“√∫√‘À“√¢Õß∫√‘…—∑¡’Õ”π“®„π°“√Õπÿ¡—μ‘°“√¥”‡π‘π°“√∑“ß°“√‡ß‘π„π«ß‡ß‘π ‰¡à‡°‘π 50 ≈â“π∫“∑ ‚¥¬Õ”π“®Õπÿ¡—μ‘∑“ß°“√‡ß‘π¥—ß°≈à“«®–√«¡∂÷ß°“√Õπÿ¡—μ‘§à“„™â®à“¬μà“ßÊ„π °“√¥”‡π‘π°“√μ“¡ª°μ‘∏ÿ√°‘® ‡ß‘π≈ß∑ÿπ„π‚§√ß°“√ (Investment) °“√≈ß∑ÿπ„π ‘π∑√—æ¬åΩÉ“¬∑ÿπ (Capital Expenditure) À√◊Õ ‘π∑√—æ¬å∂“«√ °“√°Ÿâ¬◊¡‡ß‘π °“√„Àâ°Ÿâ¬◊¡‡ß‘π °“√®—¥À“«ß‡ß‘π ‘π‡™◊ËÕ À√◊Õ°“√ÕÕ°μ√“ “√Àπ’È °“√∫√‘À“√‡©æ“–¥â“π°“√Ω“°‡ß‘π °“√°Ÿâ‡ß‘π °“√®—¥∑”‡§√◊ËÕß¡◊Õ∫√‘À“√ §«“¡‡ ’Ë¬ß¢ÕßÕ—μ√“·≈°‡ª≈’Ë¬π·≈–Õ—μ√“¥Õ°‡∫’È¬ √«¡∂÷ß °“√„ÀâÀ≈—°ª√–°—π°“√§È”ª√–°—π‡ß‘π°Ÿâ À√◊Õ ‘π‡™◊ËÕ‡ªìπμâπ ∑—Èßπ’È°“√Õπÿ¡—μ‘√“¬°“√¥—ß°≈à“«μâÕß‰¡à¡’≈—°…≥–‡ªìπ°“√Õπÿ¡—μ‘∑’Ë∑”„Àâ§≥–°√√¡°“√ ∫√‘À“√ À√◊ÕºŸâ√—∫¡Õ∫Õ”π“®®“°§≥–°√√¡°“√∫√‘À“√ “¡“√∂Õπÿ¡—μ‘√“¬°“√∑’ËμπÀ√◊Õ∫ÿ§§≈ ∑’ËÕ“®¡’§«“¡¢—¥·¬âß ¡’ à«π‰¥â‡ ’¬ À√◊ÕÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πåÕ◊Ëπ„¥ (μ“¡∑’Ë ”π—°ß“π °≈μ.ª√–°“»°”Àπ¥) ∑”°—∫∫√‘…∑— À√◊Õ∫√‘…∑— ¬àÕ¬ ¬°‡«âπ‡ªìπ°“√Õπÿ¡μ— √‘ “¬°“√∑’‡Ë ªìπ‰ªμ“¡π‚¬∫“¬ ·≈–À≈—°‡°≥±å∑’Ë§≥–°√√¡°“√∫√‘…—∑æ‘®“√≥“Õπÿ¡—μ‘‰«â

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

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Monitor the performance of the Company and ensure that it has been in line with the approved business plan. Establish business administration standards, including human resource management, information management, and the organizational structure for SNC Former Public Company Limited and all companies held by SNC Former Public Company Limited.

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Clearly specify the human resources management policy.

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Clearly specify the risk management policy.

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Prohibits all directors to engage in trading of the shares of the Companyûs Group by using the inside information that has not yet been disclosed to the public for personal interest. Furthermore, according to the Corporate Governance Policy, directors, management and employees shall prevent from trading the shares of the Companyûs Group one month prior to the public announcement of financial statements.

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Monthly report the Companyûs performance to the Board of Director for ratification

Approval authority relating to financial transaction The Executive Committee has an authority to approve any financial transactions in the amount of not more than Baht 50 million, the said authority including any expenses occurring upon normal business operation, investment, capital expenditure or fixed assets, borrowing, lending, debenture issuance, cash management in form of depository, borrowing, procurement of financial instruments for foreign exchange and interest rate risk management, including providing any collaterals to back the loans or credit. However, the above-mentioned authorization shall not allow the Executive Committee or attorneys to approve the transaction which cause or may cause the potential conflict of interest with the director or related persons (in accordance with the SEC regulations) to the Company or its subsidiaries, excluding the transactions according to the policies and guideline approved by the Board.

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

(2)

√“¬™◊ËÕ°√√¡°“√ §≥–°√√¡°“√∫√‘…—∑ª√–°Õ∫¥â«¬°√√¡°“√∑—Èß ‘Èπ 10 ∑à“π ´÷Ëß°√√¡°“√∫“ß∑à“π¡’√“¬™◊ËÕ‡ªìπ °√√¡°“√„π™ÿ¥Õ◊Ëπ¥—ßπ’È √“¬™◊ËÕ°√√¡°“√

1. π“¬ ¡™—¬ ‰∑¬ ß«π«√°ÿ≈

μ”·Àπàß

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ª√–∏“π °√√¡°“√ °√√¡°“√ °√√¡°“√

4. π“¬ ¡∫ÿ≠ ‡°‘¥À≈‘π 5. π“¬ “¡‘μμå º≈‘μ°√√¡ 6. π“¬Õ“π–«—≤πå π“«‘π∏√√¡

°√√¡°“√∫√‘À“√ °√√¡°“√∫√‘À“√ °√√¡°“√Õ‘ √–

7. 8. 9. 10.

°√√¡°“√Õ‘ √– °√√¡°“√Õ‘ √– °√√¡°“√∫√‘À“√ °√√¡°“√∫√‘À“√

π“¬ ÿ°‘® æ—π∏å«‘»«“ π“¬ ¡™“¬ ‡μ’¬ßÀß…“°ÿ≈ π“¬‡§π®‘ ‚§¥“¡– π“¬øŸ¡‘‡Õ°‘ ∑“§“Œ“™‘

°√√¡°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√ ∫√‘…∑— ∫√‘À“√ μ√«® Õ∫ √√À“ °”Àπ¥§à“ μÕ∫·∑π ✓ ✓ ✓ (ª√–∏“π) (ª√–∏“π) (ª√–∏“π) ✓ ✓ ✓ (ª√–∏“π) ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ (ª√–∏“π) ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ §ÿ≥‡Õπ° ‡ ◊Õ√Õ¥ : ‡≈¢“πÿ°“√∫√‘…—∑

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

(2)

Board of Directors Board of Directors composes of 10 directors, of which some directors are the member of other committees as follows: Name

1. Mr. Somchai Thaisanguanvorakul 2. Ms. Anongnart Pongsaroj 3. Mr. Surapol Yamkasem

Position Chairman of the Board Director Director

Board Executive Audit Nomination Remuneration of Committee Commmittee Committee Committee Directors ✓

✓

(Chairman) (Chairman) ✓ ✓

✓

(Chairman)

✓

(Chairman) 4. Mr. Somboon Gurdlin 5. Mr. Samitt Palitagram 6. Mr. Anawat Navinthum 7. Mr. Sukit Panvisavas 8. Mr. Somchai Tenghongsakul 9. Mr. Kenji Kodama 10. Mr. Fumiaki Takahashi

Executive Director Executive Director Independent Director Independent Director Independent Director Executive Director Executive Director

✓

(Chairman) ✓

✓

Mr.Anek Suarod : Companyûs Secretary

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

(3)

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°“√ª√–™ÿ¡§≥–°√√¡°“√ √“¬™◊ËÕ°√√¡°“√

1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

π“¬ ¡™—¬ ‰∑¬ ß«π«√°ÿ≈ π“ßÕπß§åπ“√∂ æß…å»“‚√®πå π“¬ ÿ√æ≈ ·¬â¡‡°…¡ π“¬ ¡∫ÿ≠ ‡°‘¥À≈‘π π“¬ “¡‘μμå º≈‘μ°√√¡ π“¬Õ“π–«—≤πå π“«‘π∏√√¡ π“¬ ÿ°‘® æ—π∏å«‘»«“ π“¬ ¡™“¬ ‡μ’¬ßÀß…“°ÿ≈ π“¬‡§π®‘ ‚§¥“¡– π“¬øŸ¡‘‡Õ°‘ ∑“§“Œ“™‘

(4) ≈”¥—∫ 1 2 3 4 5 6 7 8 9 10 11

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√“¬™◊ËÕ·≈–μ”·Àπàß¢ÕßºŸâ∫√‘À“√ ™◊ËÕ π“¬ ¡™—¬ π“¬ “¡‘μμå π“¬‡§π®‘ π“¬øŸ¡‘‡Õ°‘ π“¬ ¡∫ÿ≠ π“¬ ÿ√æ≈ π“¬ ÿæ®πå π“¬ÕŸ‡¡Õ‘ π“¬‚¬™‘∑“‡°– π“¬‡§‡Õ™ π“¬‡º¥Á®

π“¡ °ÿ≈ ‰∑¬ ß«π«√°ÿ≈ º≈‘μ°√√¡ ‚§¥“¡– ∑“§“Œ“™‘ ‡°‘¥À≈‘π ·¬â¡‡°…¡ ∏’√æß…å ‚μ™‘‚Õ– §Õπ‚π– ·¡§ ¡πμå∫√ÿ π’ π∑å

μ”·Àπàß ª√–∏“π°√√¡°“√∫√‘À“√ °√√¡°“√ºŸâ®—¥°“√ °√√¡°“√∫√‘À“√ °√√¡°“√∫√‘À“√ °√√¡°“√∫√‘À“√ °√√¡°“√ ºŸ∫â √‘À“√ ºŸ∫â √‘À“√ ºŸ∫â √‘À“√ ºŸ∫â √‘À“√ ºŸ∫â √‘À“√

¢âÕ¡Ÿ≈‡æ‘Ë¡‡μ‘¡∑’Ë‡°’Ë¬«¢âÕß°—∫§≥–°√√¡°“√·≈–ºŸâ∫√‘À“√¢Õß∫√‘…—∑ ¡’¥—ßπ’È „π√–¬–‡«≈“ 10 ªï∑’Ëºà“π¡“ §≥–°√√¡°“√·≈–ºŸâ∫√‘À“√¢Õß∫√‘…—∑∑ÿ°∑à“π¡’ª√–«—μ‘°“√∑”ß“π‚ª√àß„ ‰¡à¥à“ßæ√âÕ¬ ·≈–‰¡à¡’ºŸâ „¥‡§¬∂Ÿ°‰≈àÕÕ° ª≈¥ÕÕ° „ÀâÕÕ° À√◊ÕμâÕß§¥’ ‡π◊ËÕß®“°°“√°√–∑”∑ÿ®√‘μ À√◊Õ‡§¬∂Ÿ° øÑÕß≈â¡≈–≈“¬À√◊Õ∂Ÿ°μâÕß‚∑…Õ“≠“ À√◊Õ¡’¢âÕæ‘æ“∑ À√◊Õ°“√∂Ÿ°øÑÕß√âÕß´÷ËßÕ¬Ÿà√–À«à“ß°“√μ—¥ ‘π§¥’

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

(3)

Director没s Meeting Attendance During the year 2006, details of director没s meeting and attendance are as follows: Director没s Meeting

Borad of Directors (Total 7 meetings) 1. Mr. Somchai Thaisanguanvorakul 7/7 2. Ms. Anongnart Pongsaroj 7/7 3. Mr. Surapol Yamkasem 7/7 4. Mr. Somboon Gurdlin 7/7 5. Mr. Samitt Palitagram 7/7 6. Mr. Anawat Navinthum 7/7 7. Mr. Sukit Panvisavas 7/7 8. Mr. Somchai Tenghongsakul 4/7 9. Mr. Kenji Kodama 7/7 10. Mr. Fumiaki Takahashi 7/7 Name

(4) No. 1 2 3 4 5 6 7 8 9 10 11

Director没s Meeting Executive Audit Nomination Remuneration Committee Committee Committee Committee (Total 10 (Total 4 (Total 1 (Total 1 meetings) Meetings) Meeting) Meeting) 10/10 1/1 9/10 1/1 10/10 1/1 1/1 10/10 1/1 1/1 4/4 4/4 4/4 10/10 9/10 -

Details of the Management Name Mr. Somchai Mr. Samitt Mr. Kenji Mr. Fumiaki Mr. Somboon Mr. Surapol Mr. Suphot Mr. Umei Mr. Yoshitake Mr. K.H. Mr. Padej

Surname Thaisanguanvorakul Palitagram Kodama Takahashi Gurdlin Yamkasem Teerapong Tochio Konno Mak Montburinont

Position Chairman of Executive Committee Managing Director Executive Committee Executive Committee Executive Committee Director Management Management Management Management Management

Additional Information of Board of Directors and Management of the Company Within the past ten years, the Board and all Managements have performed their duties on transparency basis and no one has been dismissed, discharged or accused of any corruption or prosecution of bankruptcy or conviction of criminal case or dispute or undergoing lawsuit judgement.

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

5.2.2 °“√ √√À“°√√¡°“√·≈–ºŸâ∫√‘À“√ «‘∏’°“√ √√À“∫ÿ§§≈‡æ◊ËÕ·μàßμ—Èß‡ªìπ°√√¡°“√ 1. °“√ √√À“∫ÿ§§≈‡æ◊ËÕ‡¢â“‡ªìπ°√√¡°“√ ®–§—¥‡≈◊Õ°®“°ºŸâ∑√ß§ÿ≥«ÿ≤‘∑’Ë¡’æ◊Èπ∞“π·≈–§«“¡ ‡™’Ë¬«™“≠®“°À≈“°À≈“¬Õ“™’æ ¡’¿“«–ºŸâπ” «‘ —¬∑—»πå°«â“ß‰°≈ ‡ªìπºŸâ¡’§ÿ≥∏√√¡·≈–®√‘¬∏√√¡ ¡’ª√–«—μ‘°“√∑”ß“π∑’Ë ‚ª√àß„ ‰¡à¥à“ßæ√âÕ¬ √«¡∑—Èß¡’§«“¡ “¡“√∂„π°“√· ¥ß§«“¡§‘¥‡ÀÁπÕ¬à“ß ‡ªìπÕ‘ √–

§≥–°√√¡°“√ √√À“°”Àπ¥§ÿ≥ ¡∫—μ‘¢Õß°√√¡°“√∑’ËμâÕß°“√ √√À“∑¥·∑π ‡æ◊ËÕ„Àâ¡’Õß§å ª√–°Õ∫·≈–§ÿ≥ ¡∫—μμ‘ “¡°ÆÀ¡“¬/√–‡∫’¬∫∑’‡Ë °’¬Ë «¢âÕß·≈–°”Àπ¥«‘∏°’ “√‡ πÕ√“¬™◊ÕË ºŸ¡â §’ ≥ ÿ ¡∫—μ‘

§≥–°√√¡°“√ √√À“ √ÿªº≈°“√ √√À“·≈–‡ πÕ™◊ËÕºŸâ¡’§«“¡‡À¡“– ¡∑’Ë®–‡ªìπ°√√¡°“√∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) æ√âÕ¡‡Àμÿº≈ª√–°Õ∫·≈–π”‡ πÕμàÕ§≥–°√√¡°“√∫√‘…—∑

§≥–°√√¡°“√ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) æ‘®“√≥“§—¥‡≈◊Õ°ºŸâ¡’§ÿ≥ ¡∫—μ‘ ‡À¡“– ¡μ“¡√“¬™◊ËÕ∑’Ë§≥–°√√¡°“√ √√À“ π”‡ πÕ‡æ◊ËÕ‡ πÕ√“¬™◊ËÕμàÕ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ‡æ◊ËÕ æ‘®“√≥“Õπÿ¡—μ‘

°√√¡°“√¢Õß∫√‘…—∑‡≈◊Õ°μ—Èß‚¥¬∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ‚¥¬¡’®”π«π‰¡àπâÕ¬°«à“ 5 §π ·≈–‰¡à‡°‘π 10 §π ·≈–¡’°√√¡°“√∑’Ë‡ªìπÕ‘ √–‰¡àπâÕ¬°«à“ 3 §π ´÷Ëß°√√¡°“√‰¡àπâÕ¬°«à“°÷ËßÀπ÷Ëß¢Õß®”π«π °√√¡°“√∑—ÈßÀ¡¥μâÕß¡’∂‘Ëπ∑’ËÕ¬Ÿà „π√“™Õ“≥“®—°√ ·≈–°√√¡°“√∫√‘…—∑Õ¬à“ßπâÕ¬ 1 §π μâÕß‡ªìπ ºŸâ¡’§«“¡√Ÿâ¥â“π∫—≠™’·≈–°“√‡ß‘π ‚¥¬°√√¡°“√μâÕß¡’§ÿ≥ ¡∫—μ‘μ“¡∑’Ë°ÆÀ¡“¬·≈–¢âÕ∫—ß§—∫°”Àπ¥

„Àâ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ‡≈◊Õ°μ—Èß°√√¡°“√ ´÷Ëß§≥–°√√¡°“√ √√À“‡ªìπºŸâ§—¥‡≈◊Õ°·≈–‡ πÕ™◊ËÕ∫ÿ§§≈∑’Ë ¡’§ÿ≥ ¡∫—μ‘‡À¡“– ¡ μ“¡À≈—°‡°≥±å¥—ßμàÕ‰ªπ’È (1) ºŸâ∂◊ÕÀÿâπ√“¬Àπ÷Ëß¡’§–·ππ‡ ’¬ß‡∑à“°—∫®”π«πÀÿâπ∑’Ëμπ∂◊Õ ‚¥¬¡’§–·ππ‡∑à“°—∫ 1 ÀÿâπμàÕ 1 ‡ ’¬ß (2) ºŸâ∂◊ÕÀÿâπ·μà≈–√“¬®–„™â§–·ππ‡ ’¬ß∑’Ë¡’Õ¬Ÿà∑—ÈßÀ¡¥μ“¡ (1) ‡≈◊Õ°μ—Èß∫ÿ§§≈§π‡¥’¬«À√◊Õ À≈“¬§π‡ªìπ°√√¡°“√°Á ‰¥â ·μà®–·∫àß§–·ππ‡ ’¬ß„Àâ·°àºŸâ „¥¡“°πâÕ¬‡æ’¬ß„¥‰¡à ‰¥â (3) ∫ÿ§§≈´÷Ëß‰¥â√—∫§–·ππ‡ ’¬ß Ÿß ÿ¥μ“¡≈”¥—∫≈ß¡“‡ªìπºŸâ ‰¥â√—∫°“√‡≈◊Õ°μ—Èß‡ªìπ°√√¡°“√‡∑à“ ®”π«π°√√¡°“√∑’Ë®–æ÷ß¡’À√◊Õ®–æ÷ß‡≈◊Õ°μ—Èß„π§√—Èßπ—Èπ (4) „π°√≥’∑’Ë∫ÿ§§≈´÷Ëß‰¥â√—∫°“√‡≈◊Õ°μ—Èß„π≈”¥—∫∂—¥≈ß¡“¡’§–·ππ‡ ’¬ß‡∑à“°—π‡°‘π®”π«π °√√¡°“√∑’Ë®–æ÷ß¡’À√◊Õ®–æ÷ß‡≈◊Õ°μ—Èß„π§√—Èßπ—Èπ „ÀâºŸâ‡ªìπª√–∏“π„π∑’Ëª√–™ÿ¡π—Èπ‡ªìπ ºŸâÕÕ°‡ ’¬ß™’È¢“¥

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

5.2.2 Director and Management Nomination Nomination at the director level 1. Directors of the Company shall be highly recognized scholar with in-depth knowledge in various fields. Moreover, such person shall maintain the strong leadership skill and broad vision with virtue and morality as well as the ability to express opinion independently. The work experience, concurrently, shall be transparent and qualified. 2. Nomination Committee shall determine the qualification of director to assume the position according to the relevant laws/regulations/guideline, including procedure to nominate such qualified candidates. 3. Nomination Committee shall conclude and nominate the name of qualified candidate for director position of SNC Former Public Company Limited, along with rationale, and propose to the Board. 4. The Board of SNC Former Public Company Limited shall consider and select the qualified candidates according to the proposed name nominated by the Nomination Committee to further propose to shareholders没 meeting for approval. 5. Directors of the Company shall be elected at the shareholders没 meeting and the Board shall comprise of at least 5 directors and not more than 10 directors, of which at least 3 directors shall be independent. Not less than half of whom shall reside within the kingdom and at least one director shall possess the knowledge in relation to accounting and finance. All directors shall be qualified according to the relevant laws and regulations. 6. Shareholders没 meeting shall elect the directors proposed by the Nomination Committee according to the following rules and procedures: (1) Each shareholder shall be entitled to one vote for each share held. (2) Each shareholder may exercise all the votes he or she has under (1) to elect one or several persons as director but may not allot his or her votes to any person in any number. (3) The candidates shall be ranked in order descending from the highest number of votes received to the lowest, and shall be appointed as directors in that order until all of director positions are filled. (4) Where the votes cast for candidates in descending order are tied, which would otherwise cause the number of directors to be exceeded, the remaining appointments shall be made by the casting vote of the Chairman of the meeting.

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

„π°“√ª√–™ÿ¡ “¡—≠ª√–®”ªï∑ÿ°§√—Èß „Àâ°√√¡°“√ÕÕ°®“°μ”·Àπàßμ“¡«“√–Àπ÷Ëß„π “¡ (1/3) ‡ªìπÕ—μ√“ ∂â“®”π«π°√√¡°“√∑’Ë®–·∫àßÕÕ°„Àâμ√ß‡ªìπ “¡ (3) à«π‰¡à ‰¥â °Á „ÀâÕÕ°‚¥¬®”π«π „°≈â∑’Ë ÿ¥°—∫ à«πÀπ÷Ëß„π “¡ (1/3) °√√¡°“√∑’Ë®–μâÕßÕÕ°®“°μ”·Àπàß„πªï·√°·≈–ªï∑’Ë Õß¿“¬ À≈—ß®¥∑–‡∫’¬π∫√‘…—∑π—Èπ „Àâ°√√¡°“√®—∫ ≈“°°—π«à“ºŸâ „¥®–ÕÕ° à«π„πªï∑’Ë “¡·≈–ªïÀ≈—ßÊμàÕ‰ª „Àâ°√√¡°“√§π∑’ËÕ¬Ÿà „πμ”·Àπàßπ“π∑’Ë ÿ¥‡ªìπºŸâÕÕ°®“°μ”·Àπàß

°√√¡°“√§π„¥®–≈“ÕÕ°®“°μ”·Àπàß „Àâ¬◊Ëπ„∫≈“ÕÕ°μàÕ∫√‘…—∑ °“√≈“ÕÕ°¡’º≈π—∫·μà«—π∑’Ë „∫≈“ ÕÕ°‰ª∂÷ß∫√‘…—∑

„π°“√≈ß¡μ‘„Àâ°√√¡°“√§π„¥ÕÕ°®“°μ”·Àπàß°àÕπ∂÷ß§√“«ÕÕ°μ“¡«“√– „Àâ∂◊Õ§–·ππ‡ ’¬ß ‰¡àπâÕ¬°«à“ “¡„π ’Ë (3/4) ¢Õß®”π«πºŸâ∂◊ÕÀÿâπ∑’Ë¡“ª√–™ÿ¡·≈–¡’ ‘∑∏‘ÕÕ°‡ ’¬ß ·≈–¡’Àÿâππ—∫√«¡ °—π‰¥â ‰¡àπâÕ¬°«à“°÷ËßÀπ÷Ëß (1/2) ¢Õß®”π«πÀÿâπ∑’Ë∂◊Õ‚¥¬ºŸâ∂◊ÕÀÿâπ∑’Ë¡“ª√–™ÿ¡·≈–¡’ ‘∑∏‘ÕÕ°‡ ’¬ß≈ß §–·ππ

10.

„π°√≥’∑’Ëμ”·Àπàß„π§≥–°√√¡°“√«à“ß≈ß‡æ√“–‡ÀμÿÕ◊ËππÕ°®“°∂÷ß§√“«ÕÕ°μ“¡«“√– „Àâ§≥– °√√¡°“√‡≈◊Õ°∫ÿ§§≈´÷Ëß¡’§ÿ≥ ¡∫—μ‘·≈–‰¡à¡’≈—°…≥–μâÕßÀâ“¡μ“¡°ÆÀ¡“¬ ‡¢â“‡ªìπ°√√¡°“√·∑π „π°“√ª√–™ÿ ¡ §≥–°√√¡°“√§√“«∂— ¥ ‰ª ‡«â π ·μà « “√–°√√¡°“√ºŸâ π—È π ®–‡À≈◊ Õ πâ Õ ¬°«à “ Õß (2) ‡¥◊Õπ ‚¥¬∫ÿ§§≈´÷Ëß‡¢â“‡ªìπ°√√¡°“√¥—ß°≈à“«®–Õ¬Ÿà „πμ”·Àπàß°√√¡°“√‰¥â‡æ’¬ß‡∑à“«“√–∑’Ë¬—ß ‡À≈◊ÕÕ¬Ÿà¢Õß°√√¡°“√∑’Ë‡¢â“¡“·∑π‡∑à“π—Èπ ¡μ‘¢Õß§≥–°√√¡°“√μâÕßª√–°Õ∫¥â«¬§–·ππ‡ ’¬ß ‰¡àπâÕ¬°«à“ “¡„π ’Ë (3/4) ¢Õß®”π«π°√√¡°“√∑’Ë‡À≈◊ÕÕ¬Ÿà

5.2.3 °“√°”Àπ¥§à“μÕ∫·∑π¢Õß§≥–°√√¡°“√·≈–ºŸâ∫√‘À“√ (°) §à“μÕ∫·∑π∑’Ë‡ªìπμ—«‡ß‘π 1. §à“μÕ∫·∑π°√√¡°“√∫√‘…—∑ (‡©æ“–§à“‡∫’È¬ª√–™ÿ¡) 1.1 ‡∫’È¬ª√–™ÿ¡§≥–°√√¡°“√ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ª√–°Õ∫¥â«¬ ‡∫’È¬°√√¡°“√√“¬‡¥◊Õπ (‰¡à¡’) ‡∫’È¬ª√–™ÿ¡ §√—Èß≈– 20,000 ∫“∑ ”À√—∫ª√–∏“π∑’Ëª√–™ÿ¡ ·≈– 10,000 ∫“∑/ §π ”À√—∫°√√¡°“√ (‡©æ“–°√√¡°“√∑’Ë‡¢â“ª√–™ÿ¡) 1.2

‡∫’È¬ª√–™ÿ¡§≥–°√√¡°“√Õ◊Ëπ ∑’Ë§≥–°√√¡°“√ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ·μàßμ—Èß §◊Õ 1.2.1 §≥–°√√¡°“√μ√«® Õ∫ ‡∫’È¬°√√¡°“√√“¬‡¥◊Õπ (‰¡à¡’) ‡∫’¬È ª√–™ÿ¡§√—ßÈ ≈– 10,000 ∫“∑/§π (‡©æ“–°√√¡°“√∑’‡Ë ¢â“ª√–™ÿ¡) ·≈–‡≈¢“πÿ°“√œ ‰¥â√—∫‡∫’È¬ª√–™ÿ¡‡¥◊Õπ≈– (‰¡à¡’) 1.2.2 ”À√—∫§≥–°√√¡°“√Õ◊Ëπ Õ’° 2 §≥– §◊Õ §≥–°√√¡°“√ √√À“§≥– °√√¡°“√°”Àπ¥§à“μÕ∫·∑π °”Àπ¥‡∫’È¬ª√–™ÿ¡§√—Èß≈– 10,000 ∫“∑/§π (‡©æ“–°√√¡°“√∑’Ë‡¢â“ª√–™ÿ¡) 1.2.3 ª√–∏“π°√√¡°“√¢Õß∑ÿ ° §≥–œ „Àâ ‰¥â √— ∫ Ÿ ß °«à “ °√√¡°“√ „πÕ— μ √“ √âÕ¬≈– 100

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

10.

The general meeting of shareholders of each calendar year, one-third of the directors, or if their number is not a multiple of three, then the number nearest one-third must retire from office. The director who are to retire during the first and the second year following registration of the Company shall be drawn by lots. In every subsequent year, the directors who have been longest in office shall retire. A retiring director is eligible for re-election. Any director, wishing to resign from the position, has to submit resignation letter to the Company. The resignation shall be effective on the date that the Company receives the letter. A general meeting of shareholders may resolve to remove a director before expiration of office with the votes of not less than three-fourths the number of shareholders present and eligible to vote. Such a motion must also represent an agreed number of shares equal to or not less than half the total number held by the shareholders present and eligible to vote. A Board vacancy occurring for any reason other than retirement may be filled by the remaining directors, unless the term of the original director was less than 2 months. For the purpose thereof, the resolution of the Board of Directors shall be passed by a vote of not less than three-fourths of the number of remaining directors, but any person so appointed shall hold office only for the remainder of the term of the director to whom he or she has succeeded.

5.2.3 Remuneration for the Board of Directors and Management (A) Financial Remuneration 1. Director remuneration (meeting fee) 1.1 Meeting fee for directors of SNC Former Public Company Limited comprises of Monthly fee (None) Meeting fee of Baht 20,000 for the Chairman of the meeting and Baht 10,000 per director who attend the meeting 1.2 Meeting fee for other committees appointed by SNC Former Public Company Limited没s Board of Directors. 1.2.1 Audit Committee Monthly fee (None) Meeting fee of Baht 10,000 per director who attend the meeting and secretary to the Committee receive none of meeting fee 1.2.2 Other Committees, i.e. Nomination Committee and Remuneration Committee Meeting fee of Baht 10,000 per director who attend the meeting 1.2.3 Chairman of every Committee shall receive the meeting fee in the rate of 100% over ordinary director.

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

„πªï 2549 ∫√‘…—∑®à“¬‡∫’È¬ª√–™ÿ¡„Àâ·°à°√√¡°“√∫√‘…—∑ ¥—ßπ’È ≈”¥—∫ 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.

™◊ËÕ ¥√. ∫ÿ≠∑—π π“¬ ¡™—¬ π“ßÕπß§åπ“√∂ π“¬ ÿ√æ≈ π“¬ ¡∫ÿ≠ π“¬ “¡‘μμå π“¬Õ“π–«—≤πå π“¬ ÿ°‘® π“¬ ¡™“¬ π“¬‡§π®‘ π“¬øŸ¡‘‡Õ°‘ √«¡

π“¡ °ÿ≈

μ”·Àπàß

‡∫’È¬ª√–™ÿ¡ (∫“∑)

¥Õ°‰∏ ß ‰∑¬ ß«π«√°ÿ≈ æß…å»“‚√®πå ·¬â¡‡°…¡ ‡°‘¥À≈‘π º≈‘μ°√√¡ π“«‘π∏√√¡ æ—π∏å«»‘ «“ ‡μ’¬ßÀß…“°ÿ≈ ‚§¥“¡– ∑“§“Œ“™‘

∑’ªË √÷°…“ ª√–∏“π°√√¡°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√∫√‘À“√ °√√¡°“√∫√‘À“√ °√√¡°“√Õ‘ √– °√√¡°“√Õ‘ √– °√√¡°“√Õ‘ √– °√√¡°“√∫√‘À“√ °√√¡°“√∫√‘À“√

120,000 80,000 70,000 70,000 70,000 70,000 70,000 70,000 40,000 70,000 60,000 790,000

2. §à“μÕ∫·∑π√«¡ „πªï 2549 ∫√‘…—∑®à“¬‡ß‘π‡¥◊Õπ ‚∫π— Incentive ‡ß‘π ¡∑∫°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ ·≈– «— ¥‘°“√Õ◊πË „Àâ·°à°√√¡°“√∫√‘À“√·≈–ºŸ∫â √‘À“√¢Õß∫√‘…∑— √«¡∑—ßÈ ∫√‘…∑— ¬àÕ¬∑’‡Ë ªìπ∏ÿ√°‘®À≈—° ¥—ßπ’È

≈”¥—∫ 1 2 3 4 5 6 7 8 9 10 11

™◊ËÕ π“¬ ¡™—¬ π“¬ “¡‘μμå π“¬‡§π®‘ π“¬øŸ¡‘‡Õ°‘ π“¬ ¡∫ÿ≠ π“¬ ÿ√æ≈ π“¬ ÿæ®πå π“¬ÕŸ‡¡Õ‘ π“¬‚¬™‘∑“‡°– π“¬‡§‡Õ™ π“¬‡º¥Á® √«¡

μ”·Àπàß ª√–∏“π°√√¡°“√∫√‘À“√ °√√¡°“√ºŸâ®—¥°“√ °√√¡°“√∫√‘À“√ °√√¡°“√∫√‘À“√ °√√¡°“√ºŸâ®—¥°“√ °√√¡°“√ ºŸ∫â √‘À“√ ºŸ∫â √‘À“√ ºŸ∫â √‘À“√ ºŸ∫â √‘À“√ ºŸ∫â √‘À“√

§à“μÕ∫·∑π (∫“∑) 3,566,400 2,608,034 4,021,500 4,262,500 3,476,921 1,665,300 1,695,100 2,844,870 2,430,000 1,680,000 1,003,750 29,254,375

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

During the year 2006, the Company paid the meeting fee to director of the Company as follows: No 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.

Name

Surname

Professor Dr. Boonton Mr. Somchai Ms. Anongnart Mr. Surapol Mr. Somboon Mr. Samitt Mr. Anawat Mr. Sukit Mr. Somchai Mr. Kenji Mr. Fumiaki Total

Dockthaisong Thaisanguanvorakul Pongsaroj Yamkasem Gurdlin Palitagram Navinthum Panvisavas Tenghongsakul Kodama Takahashi

Position

Meeting fee (Baht)

Advisor Chairman of the Board Director Director Executive Committee Executive Committee Independent Director Independent Director Independent Director Executive Committee Executive Committee

120,000 80,000 70,000 70,000 70,000 70,000 70,000 70,000 40,000 70,000 60,000 790,000

Total remuneration During the year 2006, total remuneration, including monthly salary, bonus, provident fund and any other fringe benefits for the Executive Committee and Management of the Company and subsidiaries is as follows: No.

Name

Surname

Mr. Somchai

Thaisanguanvorakul

2 3 4 5 6 7 8 9 10 11

Mr. Samitt Mr. Kenji Mr. Fumiaki Mr. Somboon Mr. Surapol Mr. Suphot Mr. Umei Mr. Yoshitake Mr. K.H. Mr. Padej Total

Palitagram Kodama Takahashi Gurdlin Yamkasem Teerapong Tochio Konno Mak Montburinont

Position Chairman of Executive Committee Managing Director Executive Committee Executive Committee Executive Committee Director Management Management Management Management Management

Remuneration (Baht) 3,566,400 2,608,034 4,021,500 4,262,500 3,476,921 1,665,300 1,695,100 2,844,870 2,430,000 1,680,000 1,003,750 29,254,375

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(¢)

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SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

(B)

Other remuneration Warrant, convertible securities, debenture or any other benefits provided to Management : None. 5.2.4 Good Corporate Governance Being well aware of the importance of good corporate governance, the Companyûs Board of Directors has formulated a corporate governance policy in full conformity with the SETûs Code of Best Practices as follows: 1. Corporate Governance Policy The Board of the Company is well aware of the importance of good corporate governance and fully conforms to the principle of good corporate governance stimulated by the SET. Concurrently, the Board also has been recognized the significance of internal control and audit by concentration on the close supervision on Management team to enhance the efficiency and transparency of overall operation in order to maximize interest of the shareholders. In order to monitor and assess the performance of each company in the Group, the Company appoints an administrator team to supervise both the organization level and business unit level and sets the standard for monthly meeting and report of performance review to evaluate and adjust plan for the proper operation. 2.

Rights of Shareholders The Company always respect the shareholderûs right and establish the guideline to protect the rights and equality of shareholders as follows: ● Notice calling the meeting, including sufficient information of each agenda shall be sent to shareholders at least 7 days prior to the date of the meeting. ● Provide opportunity for shareholders to authorize the independent director as their proxy to vote on behalf of them. ● Clearly disclose the Companyûs business structure, including details of investment in subsidiaries and associated companies to ensure that such structure and investment is transparent and able to review. ● Introduce the regulations concerning the misuse of inside information on unfair basis throughout the organization, including the disciplinary for employees and the officers responsible for information disclosure that use the inside information for their personal interest. Moreover, regular monitoring on the Companyûs stock trading has been put in place in order to examine the unusual trading. 3.

Rights of Stakeholders The Company places significant emphasis on the equal rights of all stakeholders, both internal stakeholders, such as employees and Management, or external stakeholders, such as competitors, government agencies and relevant organizations, including community and society, for example : 79

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SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

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Being a member of the industrial group under the Thailand Industrial Council. Annually offer educational scholarship to the school in the near community. Promote proper welfare for the Companyûs employee, including the education, which they can exploit the knowledge to develop themselves as well as the organization.

Shareholdersû Meeting The Company provides equal opportunity to all shareholders to examine and review its operation by providing sufficient time for shareholder to attend the meeting. The Chairman of the Board and all directors also regularly attend the meeting and answer all queries raised by shareholders, including taking the shareholdersû opinion in to account. 5.

Leadership and Vision The Board of Directors plays a major role to consider the Companyûs vision together with top management in order to identify both short-term and long-term plan, financial policy, risk management and overall organization. The Board also responsible for supervising actions by management consistent with the policies and business plan with high efficiency and effectiveness, i.e. the establishment of internal control system and performance assessment. In order to maximize shareholdersû benefits, the Board of Directors clearly determines and segregates the responsibilities among the Board of Directors, Audit Committee and Managing Director. The Board of Directorsû meeting shall be regularly held for business direction discussion. The Board is also the pioneer to support significant policies such as human resource development, TQM development for granted the Thailand Quality Award, environment improvement as well as culture innovation establishment. The Board also places great importance on attending the relevant training courses in order to share their knowledge with managements from other organizations for further business development purpose. 6.

Conflict of Interest The Company regularly and strictly pursues according to the regulations set the SEC and SET. The Board has taken into account of dealing with connected transaction with care to ensure the fairness and transparency. The Company shall seriously and cautiously consider the connected transaction and disclose complete relevant information on timely manner to protect its own interests. The Board has also laid down regulations to supervise the use of inside information, especially Management and related person. Moreover, trading the Companyûs shares is also prohibited during the determined period. This not only preserves the shareholdersû rights but also prevents the conflict of interest may arise. Additionally, shareholding structure of the Company is clear and transparent with no cross holding among major shareholders, resulting in none of conflict of interest. Besides, the Company has set the clear segregation of duties and responsibilities among the Board of Directors, Management and shareholders to avoid the potential conflict of interest. 81

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®√‘¬∏√√¡∏ÿ√°‘® ∫√‘…—∑ª≈Ÿ°Ωíß«—≤π∏√√¡·≈–®√√¬“∫√√≥„π°“√ªØ‘∫—μ‘ß“π „Àâæπ—°ß“πªØ‘∫—μ‘ß“πμ“¡¿“√°‘®¢Õß ∫√‘…—∑ ¥â«¬§«“¡´◊ËÕ —μ¬å ÿ®√‘μ ¡’√–‡∫’¬∫·π«∑“ßªØ‘∫—μ‘‡ªìπ≈“¬≈—°…≥åÕ—°…√ π—∫ πÿπ„Àâæπ—°ß“π ªØ‘∫—μ‘Õ¬à“ß ¡Ë”‡ ¡Õ‚¥¬¡’ºŸâ∫√‘À“√√–¥—∫ Ÿß‡ªìπμ—«Õ¬à“ß∑’Ë¥’ „ÀâªØ‘∫—μ‘μ“¡ ®√‘¬∏√√¡„π°“√ª√–°Õ∫∏ÿ√°‘® ∑’Ë¥’®–™à«¬„Àâ∫√‘…—∑¡’§«“¡‡®√‘≠°â“«Àπâ“ ¡—Ëπ§ß ·≈–‡ªìπ∑’Ë¬Õ¡√—∫„π«ß°“√μà“ß Ê 8.

°“√∂à«ß¥ÿ≈¢Õß°√√¡°“√∑’Ë ‰¡à‡ªìπºŸâ∫√‘À“√ ∫√‘…—∑¡’°√√¡°“√∑—Èß ‘Èπ 10 ∑à“π ª√–°Õ∫¥â«¬§≥–°√√¡°“√Õ‘ √–®”π«π 3 ∑à“π ´÷Ëß‡æ’¬ßæÕμàÕ °“√∑∫∑«ππ‚¬∫“¬∫√‘À“√ß“π·≈–°“√∂à«ß¥ÿ≈°“√μ—¥ ‘π„®¢Õß§≥–°√√¡°“√∫√‘…—∑ πÕ°®“°π’È∫√‘…—∑ ¬—ß¡’§≥–°√√¡°“√∑’Ë¡’¿“«–ºŸâπ” ¡’«‘ —¬∑—»πå°«â“ß‰°≈ ¡’§ÿ≥∏√√¡·≈–«—≤π∏√√¡ ª√–«—μ‘°“√∑”ß“π ‚ª√àß„ ‰¡à¥à“ßæ√âÕ¬ “¡“√∂· ¥ß§«“¡§‘¥‡ÀÁπ‰¥âÕ¬à“ßÕ‘ √– ·≈–¬—ß°”Àπ¥Àπâ“∑’Ë§«“¡√—∫º‘¥™Õ∫¢Õß §≥–°√√¡°“√∫√‘…—∑‰¥âÕ¬à“ß™—¥‡®π ‡æ◊ËÕ„Àâ “¡“√∂ªØ‘∫—μ‘Àπâ“∑’Ë ‰¥âÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ 9.

°“√√«¡À√◊Õ·¬°μ”·Àπàß ª√–∏“π°√√¡°“√¡’Àπâ“∑’Ë „π°“√‡ªìπºŸâπ”ΩÉ“¬π‚¬∫“¬ °”Àπ¥«‘ —¬∑—»πå·≈–°”°—∫¥Ÿ·≈°“√∑”ß“π ¢ÕßºŸâ∫√‘À“√√–¥—∫ Ÿß à«π°√√¡°“√ºŸâ®—¥°“√¡’∫∑∫“∑À≈—°‡ªìπºŸâπ”ΩÉ“¬∫√‘À“√ „π°“√¥”‡π‘πß“πμ“¡ π‚¬∫“¬∑’Ë§≥–°√√¡°“√∫√‘…—∑°”Àπ¥ ª√–∏“π°√√¡°“√·≈–°√√¡°“√ºŸâ®—¥°“√¢Õß∫√‘…—∑®÷ß‰¡à‡ªìπ ∫ÿ§§≈‡¥’¬«°—π ‡æ◊ËÕ·∫àß·¬°∫∑∫“∑„Àâ™—¥‡®π·≈–¡’§«“¡ ¡¥ÿ≈„πÕ”π“®°“√¥”‡π‘πß“π ·¡â«à“ºŸâ¥”√ß μ”·Àπàß∑—Èß Õß∑à“π‡ªìπμ—«·∑π®“°°≈ÿà¡ºŸâ∂◊ÕÀÿâπ√“¬„À≠à ·μàμ“¡‚§√ß √â“ß§≥–°√√¡°“√¢Õß∫√‘…—∑ ª√–°Õ∫¥â«¬°√√¡°“√Õ‘ √–®”π«π 3 ∑à“π ´÷Ëß®–°àÕ„Àâ‡°‘¥°“√∂à«ß¥ÿ≈·≈–°“√ Õ∫∑“π°“√∫√‘À“√ß“π ®÷ß‰¡à‡ªìπªí≠À“„¥ Ê ‡°’Ë¬«°—∫°“√°”Àπ¥π‚¬∫“¬∑’Ë ”§—≠ 10.

§à“μÕ∫·∑π¢Õß°√√¡°“√·≈–ºŸâ∫√‘À“√ ∫√‘…—∑°”Àπ¥π‚¬∫“¬§à“μÕ∫·∑π§≥–°√√¡°“√·≈–ºŸâ∫√‘À“√‰«âÕ¬à“ß‚ª√àß„ æ‘®“√≥“„Àâ §à“μÕ∫·∑π∑’Ë‡À¡“– ¡·°à§≥–°√√¡°“√·≈–ºŸâ∫√‘À“√ ‚¥¬¢ÕÕπÿ¡—μ‘§à“μÕ∫·∑π¢Õß§≥–°√√¡°“√ ∫√‘…—∑μàÕ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ æ‘®“√≥“‡ª√’¬∫‡∑’¬∫°—∫§à“μÕ∫·∑π§≥–°√√¡°“√¢Õß∫√‘…—∑„πÕÿμ “À°√√¡ ‡¥’¬«°—π ´÷Ëß¡’§«“¡‡æ’¬ßæÕ∑’Ë®–√—°…“°√√¡°“√∑’Ë¡’§ÿ≥ ¡∫—μ‘∑’ËμâÕß°“√‰«â à«π§à“μÕ∫·∑πºŸâ∫√‘À“√ §≥–°√√¡°“√∫√‘…—∑‡ªìπºŸâæ‘®“√≥“®“°§«“¡√—∫º‘¥™Õ∫ º≈°“√ªØ‘∫—μ‘ß“π ·≈–º≈°“√¥”‡π‘πß“π¢Õß ∫√‘…—∑‡ªìπ ”§—≠ 11.

°“√ª√–™ÿ¡§≥–°√√¡°“√ §≥–°√√¡°“√¡’°”Àπ¥ª√–™ÿ¡‚¥¬ª°μ‘Õ¬à“ßπâÕ¬ªï≈– 4 §√—Èß ·≈–¡’°“√ª√–™ÿ¡æ‘‡»…‡æ‘Ë¡μ“¡ §«“¡®”‡ªìπ ‚¥¬¡’°“√°”Àπ¥«“√–™—¥‡®π≈à«ßÀπâ“ ·≈–¡’«“√–æ‘‡»…μ‘¥μ“¡º≈°“√¥”‡π‘πß“π‡ªìπª√–®” ∑—Èßπ’È∫√‘…—∑‰¥â®—¥ àßÀπ—ß ◊Õ‡™‘≠ª√–™ÿ¡æ√âÕ¡√–‡∫’¬∫«“√–°“√ª√–™ÿ¡·≈–‡Õ° “√°àÕπ°“√ª√–™ÿ¡≈à«ß Àπâ“Õ¬à“ßπâÕ¬ 7 «—π ‡æ◊ËÕ„Àâ§≥–°√√¡°“√‰¥â¡’‡«≈“»÷°…“¢âÕ¡Ÿ≈Õ¬à“ß‡æ’¬ßæÕ°àÕπ‡¢â“ª√–™ÿ¡ „π°“√ æ‘®“√≥“‡√◊ËÕßμà“ßÊ ¡’°“√‡ªî¥‚Õ°“ „Àâ°√√¡°“√· ¥ß§«“¡§‘¥‡ÀÁπÕ¬à“ßÕ‘ √– ‚¥¬¡’ª√–∏“π°√√¡°“√ ‡ªìπºŸâ§«∫§ÿ¡°“√„™â‡«≈“Õ¬à“ß‡À¡“– ¡ ‡æ◊ËÕ„Àâ¡’‡«≈“‡À≈◊Õ¡“°æÕ ”À√—∫°“√«‘π‘®©—¬ª√–‡¥Áπ ”§—≠ Õ¬à“ß√Õ∫§Õ∫

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Business Ethics The Company has designated the culture and Code of Business Conduct as a guidance for employees to regularly carry out their duties with integrity, in compliance with governing laws and regulations with Management as a role model. Good business ethics may enable the Company to grow strongly and gain wide acceptance. 8.

Balance of Power by Non-executive Director The Board of Directors comprises of 10 members, including 3 independent directors which considered sufficient to review and balance the decision power of the Board. In addition, directors of the Company possess the strong leadership skill and broad vision with virtue and morality as well as the ability to express opinion independently. The Company has also clearly identify the responsibilities of the Board to ensure the performance efficiency. 9.

Aggregation and Segregation of Position Chairman of the Board shall act as the leader of strategy function in order to determine vision and oversee top management's performance. Concurrently, Managing Director has a major role as a management leader to perform according to the policies approved by the Board. Chairman of the Board is not the same person as the Managing Director in order to clearly segregate the role and balance the power. Even though those two directors are the representative of major shareholder, the Boardûs structure, with 3 independent directors, also allow the balance of power and ability to review the Companyûs performance, resulting in no difficulty in formulating the significant policies. 10.

Remuneration of directors and Managements Remuneration of directors and Managements has been determined on transparent and reasonable basis upon shareholdersû approval. The such remuneration shall be in line with those paid by the companies in similar industry in order to maintain the qualified directors. Remuneration for Management shall be determined according to the responsibilities, self-performance and the Companyûs performance. 11.

Directorsû Meeting The Board of Directors shall hold the meeting at least once every three months or if deem necessary in order to monitor the regular businesses. Notice of the meeting shall be clearly specified along with agenda and sufficient information shall be sent to all directors not less than 7 days prior to the date of the meeting in order to provide enough time set aside for directors to analyze the important information. All directors are encouraged to express their opinion independently with sufficient time upon the Chairman of the Boardûs consideration.

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§≥–Õπÿ°√√¡°“√ ∫√‘…—∑¡’§≥–°√√¡°“√∑’Ë·μàßμ—Èß‡æ◊ËÕ™à«¬„π°“√°”°—∫¥Ÿ·≈°‘®°“√¢Õß∫√‘…—∑ ¥—ßπ’È ● °√√¡°“√μ√«® Õ∫ª√–°Õ∫¥â«¬°√√¡°“√®”π«π 3 ∑à“π ·≈–∑ÿ°∑à“π‡ªìπ°√√¡°“√Õ‘ √– ●

°√√¡°“√°”Àπ¥§à“μÕ∫·∑π‚¥¬∑”Àπâ“∑’Ë°”Àπ¥§à“μÕ∫·∑π∑’Ë®”‡ªìπ‡æ◊ËÕ®Ÿß„®√—°…“ §≥–°√√¡°“√ §≥–°√√¡°“√™ÿ¥¬àÕ¬ ·≈–ºŸâ∫√‘À“√√–¥—∫ Ÿß¢Õß∫√‘…—∑

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13.

√–∫∫°“√§«∫§ÿ¡¿“¬„π ∫√‘…—∑„Àâ§«“¡ ”§—≠μàÕ√–∫∫°“√§«∫§ÿ¡¿“¬„π∑’Ë¡’ª√– ‘∑∏‘¿“æ ∑—Èß„π√–¥—∫∫√‘À“√·≈–√–¥—∫ ªØ‘ ∫— μ‘ ° “√ ‚¥¬‰¥â ¡’ ° “√°”Àπ¥¿“√–Àπâ “ ∑’Ë · ≈–Õ”π“®°“√¥”‡π‘ π °“√¢ÕßºŸâ ∫ √‘ À “√·≈–ºŸâ ª Ø‘ ∫— μ‘ ß“π‰«âÕ¬à“ß™—¥‡®π ¡’°“√§«∫§ÿ¡¥Ÿ·≈°“√„™â∑√—æ¬å ‘π μ≈Õ¥®π¡’°“√·∫àß·¬°Àπâ“∑’ËºŸâªØ‘∫—μ‘ß“πμ‘¥μ“¡ §«∫§ÿ¡·≈–ª√–‡¡‘πº≈ÕÕ°®“°°—π ‡æ◊ÕË „Àâ‡°‘¥°“√∂à«ß¥ÿ≈·≈–μ√«® Õ∫√–À«à“ß°—πÕ¬à“ß‡À¡“– ¡ πÕ°®“° π’È¬—ß¡’°“√§«∫§ÿ¡¿“¬„π‡°’Ë¬«°—∫√–∫∫°“√‡ß‘π ‚¥¬∫√‘…—∑‰¥â®—¥„Àâ¡’√–∫∫√“¬ß“π∑“ß°“√‡ß‘π‡ πÕ ºŸâ∫√‘À“√ “¬ß“π∑’Ë√—∫º‘¥™Õ∫ ‚¥¬§≥–°√√¡°“√μ√«® Õ∫®–‡ªìπºŸâ¥Ÿ·≈·≈–μ√«® Õ∫°‘®°“√¢Õß∫√‘…—∑ Õ¬à“ß‡μÁ¡√Ÿª·∫∫ ∑—Èßπ’È§≥–°√√¡°“√μ√«® Õ∫®–√“¬ß“π°“√μ√«® Õ∫μ√ßμàÕ§≥–°√√¡°“√∫√‘…—∑ ‡æ◊ËÕ„Àâ¡—Ëπ„®«à“°“√ªØ‘∫—μ‘ß“πÀ≈—°·≈–°‘®°√√¡∑“ß°“√‡ß‘π¢Õß∫√‘…—∑ ‰¥â¥”‡π‘π°“√μ“¡·π«∑“ß ∑’Ë°”Àπ¥·≈–¡’ª√– ‘∑∏‘¿“æ ‚¥¬∫√‘…—∑¡’π‚¬∫“¬∑’Ë®–¡’°“√μ√«® Õ∫°“√ªØ‘∫—μ‘μ“¡°ÆÀ¡“¬·≈– ¢âÕ°”Àπ¥∑’Ë‡°’Ë¬«¢âÕß (Compliance controls) 14.

√“¬ß“π¢Õß§≥–°√√¡°“√ §≥–°√√¡°“√∫√‘…—∑‡ªìπºŸâ√—∫º‘¥™Õ∫μàÕß∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑ ´÷Ëß®—¥∑”¢÷Èπμ“¡¡“μ√∞“π∫—≠™’ ∑’Ë√—∫√Õß∑—Ë«‰ª ‚¥¬‡≈◊Õ°„™âπ‚¬∫“¬°“√∫—≠™’∑’Ë‡À¡“– ¡·≈–∂◊ÕªØ‘∫—μ‘Õ¬à“ß ¡Ë”‡ ¡Õ ·≈–„™â¥ÿ≈¬æ‘π‘® Õ¬à“ß√–¡—¥√–«—ß ·≈–ª√–¡“≥°“√∑’Ë¥’∑’Ë ÿ¥„π°“√®—¥∑” √«¡∑—Èß¡’°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈Õ¬à“ß‡æ’¬ßæÕ „πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π ∑—Èßπ’È∫√‘…—∑ ¬—ß‰¥â¡’°“√·μàßμ—Èß§≥–°√√¡°“√μ√«® Õ∫´÷Ëßª√–°Õ∫¥â«¬ °√√¡°“√∑’Ë ‰¡à‡ªìπºŸâ∫√‘À“√ ‡ªìπºŸâ¥Ÿ·≈√—∫º‘¥™Õ∫‡°’Ë¬«°—∫§ÿ≥¿“æ¢Õß√“¬ß“π∑“ß°“√‡ß‘π ·≈–√–∫∫ §«∫§ÿ¡¿“¬„π 15.

§«“¡ —¡æ—π∏å°—∫ºŸâ≈ß∑ÿπ ∫√‘…—∑„Àâ§«“¡ ”§—≠‡ªìπÕ¬à“ß Ÿß„π°“√∫√‘À“√§«“¡ —¡æ—π∏å°—∫π—°≈ß∑ÿπ ‚¥¬®—¥μ—ÈßÀπà«¬ß“π ·≈–∫ÿ§≈“°√∑’Ë√—∫º‘¥™Õ∫¥â“π≈ß∑ÿπ —¡æ—π∏å ‚¥¬μ√ß ‡æ◊ËÕ‡ªî¥‡º¬¢âÕ¡Ÿ≈·≈–¢à“« “√∑’Ë‡ªìπª√–‚¬™πå μàÕπ—°≈ß∑ÿπ Õ¬à“ß‡∑à“‡∑’¬¡ ∂Ÿ°μâÕß §√∫∂â«π ·≈–μ√ß‡«≈“ ºŸâ∫√‘À“√∑’Ë√—∫º‘¥™Õ∫„πÀπà«¬ß“π≈ß∑ÿπ —¡æ—π∏å¢Õß∫√‘…—∑ ¡’§«“¡√Ÿâ §«“¡ “¡“√∂ ·≈–ª√– ∫°“√≥å ∑’Ë®–μÕ∫¢âÕ´—°∂“¡¢ÕßºŸâ≈ß∑ÿπ‰¥â∂Ÿ°μâÕß μ√ßª√–‡¥Áπ ‡æ◊ËÕÕ”π«¬ª√–‚¬™πå Ÿß ÿ¥„Àâ°—∫ºŸâ≈ß∑ÿπ‡ ¡Õ¡“ ∫√‘…—∑¡’°“√®—¥°‘®°√√¡‡æ◊ËÕæ∫ª–°—∫ºŸâ ≈ß∑ÿπÕ¬à“ßμàÕ‡π◊ËÕß·≈– ¡Ë”‡ ¡Õμ≈Õ¥¡“ ¥—ß®–‡ÀÁπ‰¥â®“°„π·μà≈–ªï®–¡’π—°≈ß∑ÿπ‡¢â“‡¬’Ë¬¡™¡∫√‘…—∑∑—Èß „π‚√ßß“π à«π ¡ÿ∑√ª√“°“√ ·≈– ‚√ßß“π√–¬Õß ‡ªìπª√–®” ·≈–∫√‘…—∑ª≈Ÿ°®‘μ ”π÷°„Àâæπ—°ß“π∫√‘…—∑ ¡’«—≤π∏√√¡„π°“√μâÕπ√—∫·¢°ºŸâ¡“‡¬◊Õπ¥â«¬°“√¬‘È¡·≈–‰À«â∑—°∑“¬ ´÷Ëß‡ªìπ∑’Ë™◊Ëπ™¡μàÕπ—°≈ß∑ÿπ∑’Ë ‰¥â¡’ ‚Õ°“ ‡¢â“‡¬’Ë¬¡™¡‚√ßß“π‡ªìπÕ¬à“ß¡“°

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

12.

Committees The Company has instituted committees to assist with the monitoring of various matters as follows : ● Audit Committee which composes of 3 independent directors. ● Remuneration Committee which responsible for the determination of appropriate remuneration in order to attract and retain the directors, members of committees and top Management. ● Nomination Committee which responsible for the determination of criteria and policies to nominate the qualified candidate to assume directorship of the Company, including members of committees and top Management. 13. Internal Audit and Control System The Company places importance on the efficient internal control system at both the management and operational level with clear determination of duties and responsibilities of management and staff. Moreover, the Company always ensure an effective system for monitoring the use of the Companyûs assets. Duties of operational functions are distinctly separated from functions responsible for monitoring and evaluating function to ensure the appropriate check and balance. Internal control in relation to financial function is also the key concern, financial reporting system is established accordingly to ensure that the financial reports have been regularly submitted to the relevant executives whilst Audit Committee shall fully monitor and audit the operation of the Company. Audit Committee has a responsibility to directly report the result to the Board with ensuring that the Companyûs operations and financial activities have been implemented efficiently according to the approved direction. In addition, the Company will induce compliance control to assure that the operations follow the relevant laws and related code of conduct. 14. Report of the Board of Directors The Board is responsible for the consolidated financial statements of the Company which have been prepared in accordance with generally accepted accounting principles and practices under appropriate accounting policies applied on a consistent basis and based on the principles of prudence and impartially. All important financial information has been sufficiently disclosed in the notes to financial statements. The Company also authorizes the Audit Committee, comprising of non-executive directors to ensure the superior quality of financial reports and internal control system. 15. Investor Relations The Company always realizes the importance of investor relationship management by establishment of the dedicated Investor Relations function responsible for equitable information disclosure to all investors with accuracy, completion and in timely manner. The responsible executive who is in charge of Investor Relations function has sufficient knowledge, ability, skills and experience to communicate with investors continuously and regularly to ensure their highest benefits. Throughout the year, plant visit in Samutprakarn province and Rayong province has been regularly organized for interested investors. All staff always maintain the awareness and cultures to welcome all visitors with smile and charming greeting.

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

5.2.5 °“√¥Ÿ·≈‡√◊ËÕß°“√„™â¢âÕ¡Ÿ≈¿“¬„π „π°“√°”°—∫¥Ÿ·≈°“√„™â¢âÕ¡Ÿ≈¿“¬„ππ—Èπ ∫√‘…—∑¡’π‚¬∫“¬Àâ“¡¡‘„ÀâºŸâ∫√‘À“√μ≈Õ¥®πæπ—°ß“ππ”¢âÕ¡Ÿ≈ ¿“¬„π¢Õß∫√‘…—∑‰ª„™â‡æ◊ËÕª√–‚¬™πå à«πμπ ´÷Ëß√«¡∑—Èß‡æ◊ËÕ°“√´◊ÈÕ¢“¬À≈—°∑√—æ¬å¢Õß∫√‘…—∑ ‚¥¬‰¥â·®âßπ‚¬∫“¬ ¢Õß∫√‘…—∑·≈–°Æ‡°≥±å·π«∑“ßªØ‘∫—μ‘·≈–¢âÕ‡ πÕ·π–¢Õßμ≈“¥À≈—°∑√—æ¬åœ ·≈–¢Õß§≥–°√√¡°“√°”°—∫ À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å (°≈μ.) „ÀâºŸâ∫√‘À“√·≈–æπ—°ß“π∑ÿ°∑à“π∑√“∫ æ√âÕ¡∑—Èß°”Àπ¥„ÀâºŸâ∫√‘À“√μâÕß √“¬ß“π°“√´◊ÈÕ¢“¬À≈—°∑√—æ¬å¢Õß∫√‘…—∑„Àâ∫√‘…—∑∑√“∫‚¥¬∑—π∑’ ·≈–‰¥â√«∫√«¡√“¬ß“π‡À≈à“π—Èπ(À“°¡’) ·®âß„Àâ §≥–°√√¡°“√∑√“∫∑ÿ°§√—Èß∑’Ë¡’°“√ª√–™ÿ¡ ‚¥¬‡©æ“–Õ¬à“ß¬‘Ëß°“√Àâ“¡¡‘„ÀâºŸâ∫√‘À“√π”¢âÕ¡Ÿ≈¿“¬„π¢Õß∫√‘…—∑ ‰ª„™â‡æ◊ËÕª√–‚¬™πå à«πμπ ·≈–Àâ“¡‰¡à „ÀâºŸâ∫√‘À“√À√◊ÕÀπà«¬ß“π∑’Ë ‰¥â√—∫∑√“∫¢âÕ¡Ÿ≈¿“¬„π‡ªî¥‡º¬¢âÕ¡Ÿ≈¿“¬„π ·°à∫ÿ§§≈¿“¬πÕ° À√◊Õ∫ÿ§§≈∑’Ë ‰¡à¡’Àπâ“∑’Ë‡°’Ë¬«¢âÕß ·≈–‰¡à´◊ÈÕ¢“¬À≈—°∑√—æ¬å¢Õß∫√‘…—∑¿“¬„π√–¬–‡«≈“ 1 ‡¥◊Õπ °àÕπ∑’Ëß∫°“√‡ß‘π‡º¬·æ√àμàÕ “∏“√≥™π ‚¥¬¡’π‚¬∫“¬¥—ßπ’È ● °√√¡°“√·≈–æπ—°ß“πæ÷ßÀ≈’°‡≈’Ë¬ß°“√„™â¢âÕ¡Ÿ≈¿“¬„π ‡æ◊ËÕª√–‚¬™πå¢Õßμπ„π°“√´◊ÈÕÀ√◊Õ¢“¬ Àÿπâ ¢Õß∫√‘…∑— À√◊Õ„Àâ¢Õâ ¡Ÿ≈¿“¬„π·°à∫§ÿ §≈Õ◊πË ‡æ◊ÕË ª√–‚¬™πå¢Õßμπ„π°“√´◊ÕÈ À√◊Õ¢“¬Àÿπâ ¢Õß∫√‘…∑— ●

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∫ÿ§§≈¿“¬„π§«√≈–‡«âπ°“√´◊ÈÕ¢“¬Àÿâπ¢Õß∫√‘…—∑„π™à«ß‡«≈“°àÕπ∑’Ë®–‡º¬·æ√àß∫°“√‡ß‘π À√◊Õ‡º¬ ·æ√à ∂“π–¢Õß∫√‘…—∑ √«¡∂÷ß¢âÕ¡Ÿ≈ ”§—≠Õ◊Ëπ Ê ·≈–§«√√Õ§Õ¬Õ¬à“ßπâÕ¬ 24-28 ™—Ëß‚¡ß¿“¬ À≈—ß°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈„Àâ·°à “∏“√≥™π·≈â« °àÕπ∑’Ë®–´◊ÈÕÀ√◊Õ¢“¬Àÿâπ¢Õß∫√‘…—∑

∑—Èßπ’È ∫√‘…—∑¬—ß‰¥â°”Àπ¥‚∑… ”À√—∫°√≥’∑’Ë¡’°“√ΩÉ“Ωóπ„π°“√π”¢âÕ¡Ÿ≈¿“¬„π¢Õß∫√‘…—∑‰ª„™â‡æ◊ËÕª√–‚¬™πå à«πμ—«‰«â „π√–‡∫’¬∫¢Õß∫√‘…—∑ ‚¥¬¡’ ‚∑…μ—Èß·μà°“√μ—°‡μ◊Õπ¥â«¬«“®“®π∂÷ß¢—Èπ„ÀâÕÕ°®“°ß“π 5.2.6 °“√§«∫§ÿ¡¿“¬„π §≥–°√√¡°“√μ√«® Õ∫¢Õß∫√‘…—∑ 3 ∑à“π ‰¥âª√–‡¡‘π§«“¡‡æ’¬ßæÕ¢Õß√–∫∫§«∫§ÿ¡¿“¬„π‚¥¬°“√´—° ∂“¡¢âÕ¡Ÿ≈®“°ΩÉ“¬∫√‘À“√ ª√–°Õ∫°“√μ√«® Õ∫‡Õ° “√∑’ËΩ“¬∫√‘À“√®—¥∑” ·≈–°“√μÕ∫·∫∫ª√–‡¡‘π√–∫∫°“√ §«∫§ÿ ¡ ¿“¬„π¢Õß∫√‘ …— ∑ ¥â « ¬μπ‡Õß ´÷Ë ß √ÿ ª º≈°“√ª√–‡¡‘ π √–∫∫§«∫§ÿ ¡ ¿“¬„π¢Õß∫√‘ …— ∑ ¥â “ πμà “ ßÊ 5 à«π §◊Õ Õß§å°√·≈– ¿“æ·«¥≈âÕ¡ °“√∫√‘À“√§«“¡‡ ’Ë¬ß °“√§«∫§ÿ¡°“√ªØ‘∫—μ‘ß“π¢ÕßΩÉ“¬∫√‘À“√ √–∫∫ “√ π‡∑»·≈–°“√ ◊ËÕ “√¢âÕ¡Ÿ≈ ·≈–√–∫∫°“√μ‘¥μ“¡ §≥–°√√¡°“√¡’§«“¡‡ÀÁπ«à“∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡ ¿“¬„π∑’Ë¡’ª√– ‘∑∏‘¿“ææÕ ¡§«√ √«¡∑—Èß¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π„π‡√◊ËÕß°“√∑”∏ÿ√°√√¡°—∫ºŸâ∂◊ÕÀÿâπ√“¬„À≠à °√√¡°“√ ºŸâ∫√‘À“√ À√◊ÕºŸâ∑’Ë‡°’Ë¬«¢âÕß°—∫∫ÿ§§≈¥—ß°≈à“«Õ¬à“ß‡æ’¬ßæÕ·≈â« ”À√—∫°“√§«∫§ÿ¡¿“¬„π„πÀ—«¢âÕÕ◊Ëπ ¢Õß√–∫∫°“√§«∫§ÿ¡¿“¬„π §≥–°√√¡°“√¡’§«“¡‡ÀÁπ«à“∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π∑’Ë‡æ’¬ßæÕ·≈â«‡™àπ°—π πÕ°®“°π’È§≥–°√√¡°“√‰¥â àß‡ √‘¡ π—∫ πÿπ„ÀâΩÉ“¬∫√‘À“√¥”‡π‘π°“√æ—≤π“§ÿ≥¿“æ¢Õß√–∫∫°“√§«∫§ÿ¡ ¿“¬„πÕ¬à“ßμàÕ‡π◊ËÕß ‡æ◊ËÕ‡ √‘¡ √â“ß„Àâ°≈ÿà¡∫√‘…—∑¡’°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ (Corporate Governance) ”À√—∫°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑¬àÕ¬ ∫√‘…—∑‰¥â°”Àπ¥„Àâ∫√‘…—∑¬àÕ¬¥”‡π‘π°“√®—¥„Àâ¡’√–∫∫°“√ §«∫§ÿ¡¿“¬„π∑’Ë Õ¥§≈âÕß°—∫·π«∑“ß°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑‡™àπ°—π √“¬ß“π°“√°”°—∫¥Ÿ·≈°‘®°“√¢Õß§≥–°√√¡°“√μ√«® Õ∫‰¥â·π∫‰«â∑â“¬√“¬ß“πª√–®”ªï

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

5.2.5 Control of Internal Information The Company has pursued a policy on supervision of directors and staff to use inside information for interest or benefit for themselves, including internal trading of the Companyûs securities. The Company also announces the said policy and regulations and guideline of the SET and SEC to all Managements and staff. All managements are obliged to report shareholding of the Companyûs shares and trading movement, which shall be ratified by the Board of Director. The Managements are prohibited to use inside information for personal interest and disclosed inside information to third parties. Additionally, the Management shall not trade the Companyûs shares during 1 month prior to the disclosure of financial statements. Details of policy are as follows : ● Directors and staff shall avoid to use inside information or disclose inside information to others for personal interest or benefit by inappropriate trading of the Companyûs shares ● Directors and staff shall report the trading of Companyûs shares in order to prevent trading of shares upon inside information and accusations of inappropriate trading of shares by inside personnel. ● Persons involved in inside information shall prevent trading of shares prior to the disclosure of financial statements or the Companyûs position. Such persons shall be allowed to trade the Companyûs shares until 24-28 hours after the public disclosure. Moreover, penalty shall be imposed for any breaches ranging from warning to dismissing. 5.2.6 Internal Control Three members of Audit Committee independently reviews and answers the assessment of the adequacy of the Companyûs internal control system themselves by examining the information and documents obtained from the Companyûs management According to the assessment internal control system in all 5 areas i.e. organization and environment, risk management, management control, information system and data communications, and monitoring system, The Board expressed its opinion that the Company maintains the sufficient internal control system, including the system for transaction with major shareholders, management and related persons. Regarding other topics in relation to internal control system, the Board has also foreseen the sufficient internal control system obtained by the Company. Additionally, the Board has continuously promote the development of internal control quality in order to ensure the good corporate governance throughout the organization. All subsidiaries have been enforced to maintain the efficient internal control system in accordance with that of the Company. Corporate governance report prepared by the Audit Committee has been attached as the attachment of the Annual Report

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

°“√ª√–‡¡‘πº≈μπ‡Õß¢Õß§≥–°√√¡°“√∫√‘…—∑ ·∫∫ª√–‡¡‘πº≈§≥–°√√¡°“√ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ‡æ◊ËÕ„™â „π°“√ª√–‡¡‘πº≈ μπ‡Õß¢Õß§≥–°√√¡°“√∫√‘…—∑‚¥¬¡ÿàß‡πâπ°“√π”º≈ª√–‡¡‘π‰ª„™âª√–‚¬™πå‡æ◊ËÕ°“√ª√—∫ª√ÿß°“√ªØ‘∫—μ‘Àπâ“∑’Ë¢Õß §≥–°√√¡°“√ ·≈– “¡“√∂π”‰ª„™âÕâ“ßÕ‘ß„π°“√∑” CG Rating √«¡ 3 ·∫∫ ‚¥¬¡’‡°≥±å°“√ª√–‡¡‘πº≈ §‘¥‡ªìπ √âÕ¬≈–®“°§–·ππ‡μÁ¡„π·μà≈–¢âÕ∑—ÈßÀ¡¥ ¥—ßπ’È ¡“°°«à“ 85% ¡“°°«à“ 75% ¡“°°«à“ 65% ¡“°°«à“ 50% μË”°«à“ 50%

= = = = =

¥’‡¬’¬Ë ¡ ¥’¡“° ¥’ æÕ„™â §«√ª√—∫ª√ÿß

·∫∫ª√–‡¡‘πº≈§≥–°√√¡°“√∑—ßÈ §≥– ª√–°Õ∫¥â«¬ 4 À—«¢âÕ §◊Õ π‚¬∫“¬§≥–°√√¡°“√ (Board Policy)/ ‚§√ß √â“ß¢Õß§≥–°√√¡°“√ (Board Composition)/ ·π«ªØ‘∫μ— ¢‘ Õß§≥–°√√¡°“√ (Board Practices)/ °“√®—¥‡μ√’¬¡·≈–¥”‡π‘π°“√ª√–™ÿ¡ (Board Meeting)

·∫∫ª√–‡¡‘πº≈√“¬∫ÿ§§≈ (ª√–‡¡‘πμπ‡Õß) ª√–°Õ∫¥â«¬ 6 À—«¢âÕ §◊Õ §«“¡√—∫º‘¥™Õ∫μàÕ°“√ μ—¥ ‘π„®·≈–°“√°√–∑”¢Õßμπ‡Õß “¡“√∂Õ∏‘∫“¬°“√μ—¥ ‘π„®‰¥â (Accountability)/ §«“¡ √—∫º‘¥™Õ∫μàÕ°“√ªØ‘∫μ— À‘ πâ“∑’¥Ë «â ¬¢’¥§«“¡ “¡“√∂·≈–ª√– ‘∑∏‘¿“æ∑’‡Ë æ’¬ßæÕ (Responsibility)/ °“√ªØ‘∫—μ‘μàÕºŸâ¡’ à«π‰¥â‡ ’¬Õ¬à“ß‡∑à“‡∑’¬¡ ‡ªìπ∏√√¡ ·≈– “¡“√∂¡’§”Õ∏‘∫“¬‰¥â (Equitable Treatment)/ ¡’§«“¡‚ª√àß„ „π°“√¥”‡π‘πß“π∑’Ë “¡“√∂μ√«® Õ∫‰¥â ·≈–¡’°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ (Transparency)/ °“√¡’«‘ —¬∑—»πå„π°“√ √â“ß¡Ÿ≈§à“‡æ‘Ë¡·°à°‘®°“√„π√–¬–¬“« (Vision to Create Long Term Value)/ °“√¡’®√‘¬∏√√¡/ ®√√¬“∫√√≥„π°“√ª√–°Õ∫∏ÿ√°‘® (Ethics)

·∫∫ª√–‡¡‘πº≈√“¬∫ÿ§§≈ (ª√–‡¡‘π°√√¡°“√∑à“πÕ◊Ëπ) ª√–°Õ∫¥â«¬ 9 À—«¢âÕ §◊Õ°√√¡°“√ ¡’§«“¡√Ÿâ§«“¡‡¢â“„®‡°’Ë¬«°—∫∏ÿ√°‘®¢Õß ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ‡ªìπÕ¬à“ß¥’/ °√√¡°“√„Àâ§«“¡‡ÀÁπ·≈–¢âÕ‡ πÕ·π–μà“ßÊ ∑’Ë ‰¡à¢—¥μàÕÀ≈—°°“√ªØ‘∫—μ‘∑’Ë¥’ ·≈–‡ªìπª√–‚¬™πåμàÕ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)/ °√√¡°“√· ¥ß§«“¡§‘¥‡ÀÁπÕ¬à“ß‡ªìπÕ‘ √– ·≈– √â“ß √√§å„π¡ÿ¡¡Õßμà“ßÊ/ °√√¡°“√„Àâ¢âÕ¡Ÿ≈À√◊Õ¢âÕ‡∑Á®®√‘ß∑’Ë‡ªìπª√–‚¬™πåμàÕ°“√μ—¥ ‘π„® ¢Õß§≥–°√√¡°“√/°√√¡°“√¡’§«“¡√—∫º‘¥™Õ∫μàÕºŸ¡â ’ «à π‰¥â «à π‡ ’¬¢Õß ∫√‘…∑— ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ‚¥¬„Àâ¢âÕ‡ πÕ·π–À√◊Õ¢âÕ§‘¥‡ÀÁπ ∑’Ëπ”‰ª Ÿà°“√ªØ‘∫—μ‘∑’Ë∂Ÿ°μâÕß·≈–‡ ¡Õ¿“§/ „π °√≥’∑’Ë°√√¡°“√Õ“®Õ¬Ÿà „π∞“π–∑’Ë‡ªìπºŸâ¡’ à«π‰¥â à«π‡ ’¬ À√◊ÕÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå °√√¡°“√®–¢Õ‰¡à‡¢â“ª√–™ÿ¡„π«“√–π—ÈπÊ À√◊Õ¢Õß¥ÕÕ°‡ ’¬ß/ °√√¡°“√‰¥â¡’°“√»÷°…“¢âÕ¡Ÿ≈ √–‡∫’¬∫«“√–°“√ª√–™ÿ¡∑’Ë®—¥ àß„Àâ≈à«ßÀπâ“°àÕπ°“√ª√–™ÿ¡/ °√√¡°“√‡¢â“√à«¡ª√–™ÿ¡μ“¡‡«≈“∑’Ë °”Àπ¥‰«âÕ¬à“ß ¡Ë”‡ ¡Õ À“°¡’§«“¡®”‡ªìπ®–¢Õ≈“°“√ª√–™ÿ¡μàÕª√–∏“π°√√¡°“√≈à«ßÀπâ“/ °√√¡°“√„Àâ‡°’¬√μ‘·≈–‡§“√æ ‘∑∏‘¢Õß°√√¡°“√∑à“πÕ◊Ëπ

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Board Self-Assessment The Board Self-Assessment form has been used to conduct self-assessment of the Board没s performance as a tool for improving the Board没s performance and reference data for CG Rating. There are three types of self-assessment form. Percentages achieved correspond to level of performance in each area as follows : Over 85% Over 75% Over 65% Over 50% Below 50%

= = = = =

Excellent Very good Good Satisfactory Need improvement

Self-Assessment of the Board consists of four categories : Board policy, Board composition, Board Practices, and Board meetings.

Self-Assessment of Individual Directors consists of six categories : accountability for one没s decisions and actions; responsibility in performing duties with full ability and efficiency; equitable treatment to all stakeholders; transparency in job performance and information disclosure; vision to create long-term value; and business ethics

Individual Assessment of Other Directors (Cross-Assessments) consists of nine categories : Understanding of SNC Former Public Company Limited businesses / consistency of recommendations with good corporate governance principles and beneficial to of SNC Former Public Company Limited. / Independence and freedom in expressing opinions. / Usefulness of advice toward Board decisions. / Responsibility toward stakeholders of SNC Former Public Company Limited through provision of correct and fair advice. / Absence or abstention from an agenda where the Director is a stakeholder, or where his/her presence or vote may result in a conflict of interest. / Preparation for Board meetings, that is, adequate review of meeting agendas and preparation of relevant information ahead of time. / Regularity and punctuality in attending meetings, notifying the Chairman in advance of any potential absence. / Respect for the decisions and opinions of other Directors.

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5.3 π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈ ∫√‘…—∑¡’π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈„πÕ—μ√“‰¡àπâÕ¬°«à“√âÕ¬≈– 50 ¢Õß°”‰√ ÿ∑∏‘À≈—ßÀ—°¿“…’·≈– ”√Õß μ“¡°ÆÀ¡“¬ À“°‰¡à¡’‡Àμÿ®”‡ªìπÕ◊Ëπ„¥·≈–°“√®à“¬‡ß‘πªíπº≈π—Èπ‰¡à¡’º≈°√–∑∫μàÕ°“√¥”‡π‘πß“πª°μ‘¢Õß∫√‘…—∑ Õ¬à“ß¡’π—¬ ”§—≠ ∑—Èßπ’È °“√®à“¬‡ß‘πªíπº≈„Àâπ”ªí®®—¬μà“ß Ê ¡“ª√–°Õ∫°“√æ‘®“√≥“ Õ“∑‘ º≈°“√¥”‡π‘πß“π„π Õπ“§μ ∞“π–∑“ß°“√‡ß‘π ¿“æ§≈àÕß ·ºπ°“√¢¬“¬ß“π ·≈–¿“«–∑“ß‡»√…∞°‘® ‡ªìπμâπ ´÷Ëß°“√®à“¬‡ß‘πªíπº≈ ¥—ß°≈à“« μâÕß‰¥â√—∫§«“¡‡ÀÁπ™Õ∫®“°ºŸâ∂◊ÕÀÿâπÀ√◊Õ§«“¡‡ÀÁπ™Õ∫®“°§≥–°√√¡°“√∫√‘…—∑

°“√®à“¬‡ß‘πªíπº≈„πªï∑’Ëºà“π¡“¢Õß∫√‘…—∑ ‡ªìπ¥—ßπ’È ( Àπà«¬ : ∫“∑ / Àÿâπ) ªï 2548 2549

‡ß‘πªíπº≈√–À«à“ß°“≈ 0.20 0.20

‡ß‘πªíπº≈ª≈“¬ªï 0.20 0.25

√«¡ 0.40 0.45

°”‰√μàÕÀÿπâ 0.61 0.81

∫√‘…—∑¬àÕ¬¡’π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈μ“¡º≈ª√–°Õ∫°“√¢Õß·μà≈–∫√‘…—∑ ‚¥¬¡‘‰¥â°”Àπ¥Õ—μ√“°“√®à“¬ ‡ß‘πªíπº≈∑’Ë·πàπÕπ ·≈–¢÷ÈπÕ¬Ÿà°—∫·ºπ°“√≈ß∑ÿπ„πÕπ“§μ¢Õß∫√‘…—∑¬àÕ¬

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

5.3 Dividend Payment Policy The dividend pay-out policy of the Company is not less than 50% of its net profit after tax and after legal reserve deduction, provided that the said payment shall not have impact to the Company没s business significantly. The factors affecting the dividend pay-out policy is the financial performance, financial position, liquidity, investment plan and economic situation. However, the dividend payment shall subject to the shareholder没s approval or the Board没s approval as the case may be.

Details of dividend payment during last year are as follows : Year 2005 2006

Interim dividend 0.20 0.20

Year-end dividend 0.20 0.25

Total 0.40 0.45

(unit : Baht/share) Earings pershare 0.61 0.81

Each subsidiary shall determine its dividend based on the performance and investment plan, therefore, the exact dividend pay-out has not been decided.

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6. √“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π À≈— ° °“√ ”§— ≠ ¢Õß°“√‡ªì π ∫√‘ …— ∑ ¡À“™π®”°— ¥ À√◊ Õ ∫√‘ …— ∑ ®¥∑–‡∫’ ¬ π„πμ≈“¥À≈— ° ∑√— æ ¬å §◊ Õ °“√¥”‡π‘π°“√„¥Ê ‚¥¬§”π÷ß∂÷ßº≈ª√–‚¬™πå¢ÕßºŸâ∂◊ÕÀÿâπ·≈–‡ªìπ∏√√¡μàÕºŸâ∂◊ÕÀÿâπ∑ÿ°√“¬ √“¬°“√μà“ßÊ ¢Õß∫√‘…—∑®¥∑–‡∫’¬π∑’Ë‡°‘¥¢÷Èπ ®–μâÕß‰¡à°àÕ„Àâ‡°‘¥§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå√–À«à“ß ºŸâ∂◊ÕÀÿâπ√“¬„À≠à À√◊ÕºŸâ∫√‘À“√ °—∫∫√‘…—∑®¥∑–‡∫’¬π „π°√≥’∑’Ë ‰¡àÕ“®¢®—¥§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå „ÀâÀ¡¥‰ª‰¥â ‚¥¬‡√Á« ∫√‘…—∑®–‡ªî¥‡º¬ —≠≠“À√◊Õ¢âÕμ°≈ß¥—ß°≈à“«„Àâª√–™“™π∑—Ë«‰ª∑√“∫ §«“¡À¡“¬¢Õß√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π 1. °“√μ°≈ß‡¢â“∑”√“¬°“√„¥Ê √–À«à“ß∫√‘…—∑®¥∑–‡∫’¬πÀ√◊Õ∫√‘…—∑¬àÕ¬°—∫∫ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—π À√◊Õ 2. °“√μ°≈ß‡¢â“∑”√“¬°“√„¥Ê √–À«à“ß∫√‘…—∑®¥∑–‡∫’¬π À√◊Õ∫√‘…—∑¬àÕ¬°—∫∫√‘…—∑Õ◊Ëπ ´÷Ëß¡’ºŸâ∂◊ÕÀÿâπ √“¬„À≠à¢Õß∫√‘…∑— π—πÈ ‡ªìπÀ√◊Õ∑’®Ë –‰¥â√∫— °“√‡ πÕ„Àâ‡ªìπºŸ∫â √‘À“√À√◊ÕºŸ∂â Õ◊ Àÿπâ ∑’¡Ë Õ’ ”π“®§«∫§ÿ¡¢Õß ∫√‘…—∑®¥∑–‡∫’¬πÀ√◊Õ∫√‘…—∑¬àÕ¬ À√◊Õ 3. °“√μ°≈ß‡¢â“∑”√“¬°“√„¥Ê μ“¡∑’Ëμ≈“¥À≈—°∑√—æ¬å°”Àπ¥ §”π‘¬“¡ ç°“√μ°≈ß‡¢â“∑”√“¬°“√é À¡“¬§«“¡«à“ °“√‡¢â“‰ªÀ√◊Õ°“√μ°≈ß„®‡¢â“∑” —≠≠“ À√◊Õ ∑”§«“¡μ°≈ß „¥Ê ‰¡à«à“‚¥¬∑“ßμ√ßÀ√◊Õ∑“ßÕâÕ¡ ‡æ◊ËÕ°àÕ„Àâ‡°‘¥°“√‰¥â¡“À√◊Õ°“√®”Àπà“¬‰ª´÷Ëß ‘π∑√—æ¬å ·≈–/À√◊Õ ‘∑∏‘ „π°“√‰¥â¡“À√◊Õ®”Àπà“¬‰ª´÷Ëß ‘π∑√—æ¬å √«¡∑—Èß°“√ÕÕ°À≈—°∑√—æ¬å„À¡à °“√„Àâ§«“¡™à«¬‡À≈◊Õ∑“ß°“√‡ß‘π°“√π” ‘π∑√—æ¬å‡ªìπÀ≈—°∑√—æ¬åª√–°—πÀπ’È ‘π ç∫ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—πé À¡“¬§«“¡«à“ ºŸâ∫√‘À“√ ºŸâ∂◊ÕÀÿâπ√“¬„À≠à √«¡∑—ÈßºŸâ∑’Ë‡°’Ë¬«¢âÕß ·≈– ≠“μ‘ π‘∑¢Õß ∫ÿ§§≈¥—ß°≈à“« çºŸâ∫√‘À“√é À¡“¬§«“¡«à“ °√√¡°“√ °√√¡°“√∫√‘À“√ ºŸâ®—¥°“√ æπ—°ß“π√–¥—∫ºŸâ®—¥°“√ΩÉ“¬¢÷Èπ‰ªÀ√◊Õ ºŸâ´÷Ëß¥”√ßμ”·Àπàß‡∑’¬∫‡∑à“ ∑’Ë‡√’¬°™◊ËÕÕ¬à“ßÕ◊Ëπ∑’Ë¡’Õ”π“®„π°“√®—¥°“√¢Õß∫√‘…—∑®¥∑–‡∫’¬π À√◊Õ ∫√‘…—∑¬àÕ¬ ·≈–√«¡∂÷ß∫ÿ§§≈´÷Ëß∫√‘…—∑®¥∑–‡∫’¬π À√◊Õ∫√‘…—∑¬àÕ¬∑” —≠≠“„Àâ¡’Õ”π“®∑—ÈßÀ¡¥À√◊Õ∫“ß à«π„π°“√∫√‘À“√ß“π ¢Õß∫√‘…—∑®¥∑–‡∫’¬πÀ√◊Õ∫√‘…—∑¬àÕ¬ çºŸâ∂◊ÕÀÿâπ√“¬„À≠àé À¡“¬§«“¡«à“ ºŸâ∑’Ë∂◊ÕÀÿâπ‰¡à«à“‚¥¬∑“ßμ√ß À√◊Õ∑“ßÕâÕ¡ √«¡°—π‡°‘π°«à“ √âÕ¬≈– 10 ¢Õß∑ÿπ™”√–·≈â« ¢Õß∫√‘…—∑®¥∑–‡∫’¬πÀ√◊Õ∫√‘…—∑¬àÕ¬ °“√∂◊ÕÀÿâπ¥—ß°≈à“«„Àâπ—∫√«¡∂÷ßÀÿâπ∑’Ë∂◊Õ ‚¥¬ºŸâ∑’Ë‡°’Ë¬«¢âÕß ¥â«¬ çºŸâ∑’Ë‡°’Ë¬«¢âÕßé À¡“¬§«“¡«à“ ∫ÿ§§≈À√◊ÕÀâ“ßÀÿâπ à«πμ“¡¡“μ√“ 258 (1) ∂÷ß (7) ·Ààß æ√–√“™∫—≠≠—μ‘ À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å æ.».2535 ç≠“μ‘ π‘∑é À¡“¬§«“¡«à“ ∫ÿ§§≈∑’Ë¡’§«“¡ —¡æ—π∏å∑“ß “¬‚≈À‘μ ∑“ß°“√ ¡√ ·≈– ‚¥¬°“√®¥∑–‡∫’¬π μ“¡°ÆÀ¡“¬ ¥—ßπ’È ∫‘¥“ ¡“√¥“ §Ÿà ¡√ ∫ÿμ√ æ’Ë πâÕß ≈ÿß ªÑ“ πâ“ Õ“ √«¡∑—Èß §Ÿà ¡√ ·≈–∫ÿμ√¢Õß∫ÿ§§≈¥—ß°≈à“« çºŸâ∂◊ÕÀÿâπ∑’Ë¡’Õ”π“®§«∫§ÿ¡é À¡“¬§«“¡«à“ ∫ÿ§§≈À√◊Õ°≈ÿà¡∫ÿ§§≈∑’Ë∂◊ÕÀ≈—°∑√—æ¬å ‡°‘π°«à“ √âÕ¬≈– 25 ¢Õß ®”π«πÀÿâπ∑’Ë¡’ ‘∑∏‘ÕÕ°‡ ’¬ß∑—ÈßÀ¡¥ À√◊Õ∫ÿ§§≈ À√◊Õ°≈ÿà¡∫ÿ§§≈∑’ËÕ¬Ÿà „π∞“π–∑’Ë “¡“√∂®–¡’Õ”π“® À√◊ÕÕ‘∑∏‘æ≈„π °“√∫√‘À“√ß“πÀ√◊Õ°“√‡ª≈’Ë¬π·ª≈ß§≥–°√√¡°“√¢Õß∫√‘…—∑ 92

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

6. Connected Transaction Being a public company limited or listed company on the SET, the Company has to conduct any businesses or transactions to ensure most benefit and fairness for all shareholders. The transactions shall not cause conflict of interest between major shareholders or management and the listed company. In case that the conflict of interest cannot be eliminated, the Company commits to disclose relevant agreements to the public. Meaning of connected transaction 1. Any transaction between a listed company or a subsidiary company and the connected persons, or 2. Any transaction between a listed company or a subsidiary and other juristic person having a major shareholder as the management or controlling person of a listed company or a subsidiary or 3. Any transaction classified by the SET Definition çDecision to enter into a transactioné means an entering into or a decision to enter into any contract or agreement, whether direct or indirect, in order to cause an acquisition or disposition of assets and/or rights to acquire or dispose of assets and an issuance of new securities, including an offer of financial assistance by pledging the companyûs assets. çConnected personé means the management, major shareholders, including related persons and close relatives of such persons. çManagementé means directors, executive directors, managers, employees at the level of department manager or above, or persons who hold equivalent positions but with other titles, who have the power to manage a listed company, including persons with whom the listed company has entered into a contract conferring, in whole or in part, the power to manage the listed company or subsidiaries. çMajor shareholderé means a shareholder who directly or indirectly holds shares in any juristic person in a total amount exceeding 10 per cent of the paid-up capital of the company and its subsidiaries. Such shareholding shall also include the shares held by related persons. çRelated personsé mean persons under Section 258 (1) through (7) of the Securities and Exchange Act, B.E. 2535. çClose relativesé means persons related by blood, marriage or registration under law such as father, mother, spouses, children, sibling, uncle, aunt, including spouses and children of the persons aforementioned. çControlling partiesé means a person or group of person holding shares in an amount exceeding 25% of the paid-up capital of a listed company, or a person or group of person being in a position to exert power or influence in the management or the change of the Board of Directors of a company. 93

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

¢—ÈπμÕπ¥”‡π‘π°“√ (1) °√≥’∑’Ë√“¬°“√√–À«à“ß°—π¢Õß∫√‘…—∑ ‡°‘¥¢÷Èπ°—∫∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå ¡’ à«π ‰¥â à«π‡ ’¬ À√◊ÕÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå„πÕπ“§μ ∫√‘…—∑®–„Àâ§≥–°√√¡°“√μ√«® Õ∫‡ªì π ºŸâ „Àâ§«“¡‡ÀÁπ‡°’Ë¬«°—∫§«“¡®”‡ªìπ·≈–§«“¡‡À¡“– ¡¢Õß√“¬°“√π—Èπ „π°√≥’∑’Ë °√√¡°“√μ√«® Õ∫‰¡à¡’§«“¡™”π“≠„π°“√æ‘®“√≥“√“¬°“√√–À«à“ß°—π∑’ËÕ“®‡°‘¥¢÷Èπ ∫√‘…—∑®–„Àâ ºŸ‡â ™’¬Ë «™“≠Õ‘ √–À√◊ÕºŸ â Õ∫∫—≠™’¢Õß∫√‘…∑— ‡ªìπºŸâ „Àâ§«“¡‡ÀÁπ‡°’¬Ë «°—∫√“¬°“√√–À«à“ß°—π¥—ß°≈à“« ‡æ◊ËÕπ”‰ª„™âª√–°Õ∫°“√μ—¥ ‘π„®¢Õß§≥–°√√¡°“√μ√«® Õ∫ À√◊ÕºŸâ∂◊ÕÀÿâπμ“¡·μà°√≥’

(2)

‡¡◊ËÕ∫√‘…—∑¡’°“√μ°≈ß‡¢â“∑”√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π·≈â« ®–¥”‡π‘π°“√®—¥∑”√“¬ß“π°“√μ°≈ß‡¢â“ ∑”√“¬°“√μàÕμ≈“¥À≈—°∑√—æ¬å∑—π∑’ ‚¥¬¡’ “√ π‡∑»‡°’Ë¬«°—∫ «—π ‡¥◊Õπ ªï ∑’Ë‡°‘¥√“¬°“√·≈–§Ÿà°√≥’∑’Ë‡°’Ë¬«¢âÕß ≈—°…≥–¢Õß ‘π∑√—æ¬å∑‡’Ë °’¬Ë «¢âÕß·≈–¡Ÿ≈§à“√«¡¢Õß ‘ßË μÕ∫·∑πÀ√◊Õ¡Ÿ≈§à“√«¡¢Õß√“¬°“√ ™◊ÕË ∫ÿ§§≈∑’‡Ë °’¬Ë «‚¬ß°—π·≈–™◊ÕË ºŸ∑â ‡’Ë °’¬Ë «¢âÕß„π°√≥’‡ªìπºŸ∫â √‘À“√®–√–∫ÿμ”·Àπàß∑’¥Ë ”√ßÕ¬Ÿ¥à «â ¬ à«π‰¥â‡ ’¬¢Õß∫ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—π œ≈œ

(3)

¡’Àπ—ß ◊Õ·®âßºŸâ∂◊ÕÀÿâπ∑ÿ°√“¬¿“¬„π 21 «—ππ—∫®“°«—π∑’Ë‡ªî¥‡º¬√“¬°“√μàÕμ≈“¥À≈—°∑√—æ¬å ‚¥¬¡’ “√ π‡∑»‡°’Ë¬«°—∫ “√ π‡∑»μ“¡¢âÕ 1 “√ π‡∑»μ“¡¢âÕ°”Àπ¥«à“¥â«¬°“√®—¥∑”Àπ—ß ◊Õ™’È™«πμ“¡æ√–√“™∫—≠≠—μ‘À≈—°∑√—æ¬å ·≈–μ≈“¥À≈—°∑√—æ¬å æ.». 2535 ‡©æ“– à«π∑’Ë‡°’Ë¬«°—∫∫√‘…—∑∑’ËÕÕ°À≈—°∑√—æ¬å ¢âÕ§«“¡∑’Ë√–∫ÿ«à“∫ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—π‰¡à¡’ ‘∑∏‘ÕÕ°‡ ’¬ß≈ß§–·ππ„π°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ‡æ◊ËÕ¢Õ§«“¡‡ÀÁπ™Õ∫°“√μ°≈ß‡¢â“∑”√“¬°“√ √“¬ß“π°“√ª√–‡¡‘π√“§“∑√—æ¬å ‘π‚¥¬ºŸâª√–‡¡‘π√“§“∑√—æ¬å ‘πÕ‘ √– „π°√≥’∑’Ë¡’∑√—æ¬å ‘π∑’Ë‡°’Ë¬«¢âÕß‡ªìπÕ —ßÀ“√‘¡∑√—æ¬å §«“¡‡ÀÁπ¢Õß∑’Ëª√÷°…“∑“ß°“√‡ß‘π‡°’Ë¬«°—∫√“§“¬ÿμ‘∏√√¡ ·≈–§«“¡ ¡‡Àμÿ ¡º≈¢Õß √“¬°“√‚¥¬√–∫ÿ‡Àμÿº≈ ¢âÕ ¡¡ÿμ‘∞“π∑’Ë ”§—≠·≈–ªí®®—¬∑’Ëπ”¡“ª√–°Õ∫°“√æ‘®“√≥“„π °“√· ¥ß§«“¡‡ÀÁπ ·≈–„Àâ‡ πÕ§«“¡‡ÀÁπ¥—ß°≈à“«π—ÈπμàÕ°√√¡°“√Õ‘ √–¥â«¬

(4)

®—¥ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ‡æ◊ËÕ¢Õ§«“¡‡ÀÁπ™Õ∫°“√μ°≈ß‡¢â“∑”√“¬°“√ ‚¥¬®–μâÕß‰¥â√—∫§–·ππ‡ ’¬ß ‰¡àμË”°«à“ 3 „π 4 ¢Õß®”π«π‡ ’¬ß¢ÕßºŸâ∂◊ÕÀÿâπ∑’Ë¡“ª√–™ÿ¡·≈–¡’ ‘∑∏‘ÕÕ°‡ ’¬ß≈ß§–·ππ‚¥¬ ‰¡àπ—∫√«¡ºŸâ∂◊ÕÀÿâπ∑’Ë¡’ à«π‰¥â‡ ’¬

(5)

‡ªî¥‡º¬√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π‚¥¬· ¥ß‡ªìπ¬Õ¥ √ÿªμ“¡ª√–‡¿∑¢Õß√“¬°“√‰«â „π√“¬ß“πª√–®” ªï¢Õß∫√‘…—∑®¥∑–‡∫’¬π

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Procedure (1) Due to the connected transactions that may arise in the future, the Audit Committee is authorized to examine and/or approve the principle or the reasonableness of the connected transaction as they deem appropriate. In case the Audit Committee do not have any expertise in any particular connected transaction, the Company will appoint an expert or an accountant which is independent and does not have any conflict of interest in the transaction to provide independent opinion. The opinion of the Audit Committee or the expert will be reviewed by the Board of Directors or the shareholders before a decision to enter into the transaction is made. (2) Once the company makes its decision to enter into a connected transaction, the company shall prepare a report and immediately disclose the following information to the SET : Date, month, year when a decision to enter into a transaction is made and relevant parties. General explanation regarding nature of an asset and a total value of receipt or of the transaction Name of connected persons and position in case of being the management Characteristics and scope of interests of connected persons, etc. (3)

Notify shareholders within 21 days from the date that the company disclose transaction details to the SET with the following information Information Memorandum stipulated in clause (1) Information Memorandum referred to in the Regulations Governing Preparation of Prospectus under the Securities and Exchange Act B.E. 2535, specifically particulars relating to the company issuing securities The statement that connected persons have no right to vote in the shareholder没s meeting regarding the relevant connected transaction agenda An evaluation of assets by an independent appraiser in case of an acquisition or disposal of immovable property Opinions of independent financial advisor to the independent directors in as to whether the transaction is fair or reasonable, including reasons, key assumptions and factors taken into consideration in providing that opinion

(4)

Arrange for the shareholder没s meeting to obtain the approval of shareholders for the decision to enter into the transaction which shall be passed by a vote of not less than of total number of shareholders presented and eligible to vote.

(5)

Disclose details of connected transaction as well as amount according to type of transaction in the annual report.

√“¬ß“πª√–®”ªï 2549 - ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π)

√“¬°“√‡°’Ë¬«‚¬ß°—π∑’Ë‰¥â√—∫¬°‡«âπ‰¡àμâÕß¥”‡π‘π°“√μ“¡¢âÕ (3) (1) √“¬°“√∑’Ë ‡ °’Ë ¬ «‚¬ß°— π ∑’Ë ‰ ¥â √— ∫ ¬°‡«â π ‰¡àμâÕß√“¬ß“πμ≈“¥À≈—°∑√—æ¬å ·≈–¢Õ§«“¡‡ÀÁπ™Õ∫ ®“°ºŸâ∂◊ÕÀÿâπ 1.1 √“¬°“√∑’Ë ‡ ªì π °“√¥”‡π‘ π ∏ÿ √ °‘ ® μ“¡ª°μ‘ · ≈–μ“¡‡ß◊Ë Õ π‰¢°“√§â “ ‚¥¬∑—Ë « ‰ª¢Õß∫√‘ …— ∑ ®¥∑–‡∫’¬πÀ√◊Õ∫√‘…—∑¬àÕ¬ 1.2

√“¬°“√√–À«à“ß∫√‘…—∑®¥∑–‡∫’¬π°—∫∫√‘…—∑¬àÕ¬ À√◊Õ√“¬°“√√–À«à“ß°—π¢Õß∫√‘…∑— ¬àÕ¬´÷Ëß ‰¥â√—∫∫√‘°“√√à«¡°—π À√◊Õ‚¥¬«‘∏’°“√Õ◊Ëπ„π≈—°…≥–‡¥’¬«°—π®“°∫√‘…—∑®¥∑–‡∫’¬π À√◊Õ ∫√‘…—∑¬àÕ¬¥—ß°≈à“«„π°“√¥”‡π‘π∏ÿ√°‘®μ“¡ª°μ‘ ·≈–μ“¡‡ß◊ËÕπ‰¢°“√§â“‚¥¬∑—Ë«‰ª¢Õß ∫√‘…—∑®¥∑–‡∫’¬πÀ√◊Õ∫√‘…—∑¬àÕ¬

1.3

(°) (¢) (§)

√“¬°“√√–À«à“ß∫√‘…—∑®¥∑–‡∫’¬π°—∫∫√‘…—∑¬àÕ¬´÷Ëß∫√‘…—∑®¥∑–‡∫’¬π∂◊ÕÀÿâπ‡°‘π°«à“ √âÕ¬≈– 90 ¢Õß∑ÿπ™”√–·≈â«¢Õß∫√‘…—∑π—Èπ À√◊Õ √“¬°“√√–À«à“ß°—π¢Õß∫√‘…∑— ¬àÕ¬∑’∫Ë √‘…∑— ®¥∑–‡∫’¬π∂◊ÕÀÿπâ ‡°‘π°«à“√âÕ¬≈– 90 ¢Õß ∑ÿπ™”√–·≈â«¢Õß∫√‘…—∑π—Èπ À√◊Õ √“¬°“√√–À«à“ß°—π¢Õß∫√‘…—∑¬àÕ¬´÷Ëß¡’∫√‘…—∑¬àÕ¬¢Õß∫√‘…—∑®¥∑–‡∫’¬π∂◊ÕÀÿâπ ‰¡à‡°‘π°«à“√âÕ¬≈– 90 ¢Õß∑ÿπ™”√–·≈â«¢Õß∫√‘…—∑∑’Ë¡’°“√μ°≈ß‡¢â“∑”√“¬°“√‚¥¬ ∫√‘…∑— ¬àÕ¬¢Õß∫√‘…∑— ®¥∑–‡∫’¬ππ—πÈ ∫√‘…∑— ®¥∑–‡∫’¬π∂◊ÕÀÿπâ ‡°‘π°«à“√âÕ¬≈– 90 ¢Õß ∑ÿπ™”√–·≈â«¢Õß∫√‘…—∑π—Èπ

1.4

√“¬°“√√–À«à“ß∫√‘…—∑®¥∑–‡∫’¬π°—∫∫√‘…—∑¬àÕ¬´÷Ëß∫√‘…—∑®¥∑–‡∫’¬π∂◊ÕÀÿâπ ‰¡à‡°‘π°«à“ √âÕ¬≈– 90 ¢Õß∑ÿπ™”√–·≈â«¢Õß∫√‘…—∑π—Èπ À√◊Õ√“¬°“√√–À«à“ß°—π¢Õß∫√‘…—∑¬àÕ¬´÷Ëß ∫√‘…—∑∂◊ÕÀÿâπ‰¡à‡°‘π°«à“√âÕ¬≈– 90 ¢Õß∑ÿπ™”√–·≈â«¢Õß∫√‘…—∑π—Èπ ¿“¬„μâ‡ß◊ËÕπ‰¢¥—ßπ’È ‡ªìπ∏ÿ√°‘®ª°μ‘·≈–μ“¡‡ß◊ËÕπ‰¢°“√§â“‚¥¬∑—Ë«‰ª ‰¡à¡∫’ ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—π‡ªìπºŸâ∂◊ÕÀâπ√“¬„À≠à „π∫√‘…—∑¬àÕ¬π—Èπ

1.5

√“¬°“√∑’Ë¡’®”π«π‡ß‘ππâÕ¬¡“° °≈à“«§◊Õ (°) ¡’¡Ÿ≈§à“√«¡¢Õß ‘ËßμÕ∫·∑πÀ√◊Õ¡Ÿ≈§à“√«¡¢Õß√“¬°“√ À√◊Õ (¢) ‡ªìπ√“¬°“√„Àâ§«“¡™à«¬‡À≈◊Õ∑“ß°“√‡ß‘πμ“¡∏ÿ√°‘®ª°μ‘·μà ‰ ¡à ‰¥â‡ªìπ‰ªμ“¡ ‡ß◊ËÕπ‰¢°“√§â“‚¥¬∑—Ë«‰ª ‚¥¬∑’Ë (°) ·≈– (¢) ¡’®”π«πμË”°«à“ 1 ≈â“π∫“∑ À√◊ÕμË”°«à“√âÕ¬≈– 0.03 ¢Õß ¡Ÿ≈§à“μ“¡∫—≠™’¢Õß ‘π∑√—æ¬å∑’Ë¡’μ—«μπ ÿ∑∏‘ μ“¡∑’Ë‡ªî¥‡º¬„πß∫°“√‡ß‘π©∫—∫≈à“ ÿ¥ ∑’Ëºà“π°“√μ√«® Õ∫®“°ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ∑—Èßπ◊È·≈â«·μà®”π«π„¥®– Ÿß°«à“

1.6

°“√ÕÕ°À≈—°∑√—æ¬å„À¡à „Àâ·°à∫ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—π ´÷Ëß ‡æ◊ËÕ‚ÕπμàÕ„Àâ·°à∫ÿ§§≈∑’Ë 3 ´÷Ëß‰¡à ‰¥â‡ªìπºŸâ‡°’Ë¬«¢âÕß¢Õßμπ ‚¥¬∑’Ë√“§“À≈—°∑√—æ¬å ¥—ß°≈à“«μâÕß‰¡àμË”°«à“√“§“μ≈“¥·≈–‰¡à ‰¥â‡æ‘Ë¡ —¥ à«π¢Õß à«π‰¥â‡ ’¬¢Õß∫ÿ§§≈∑’Ë ‡°’¬Ë «‚¬ß°—π

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

The following connected transactions are waived to comply with Clause 3. (1) The connected transactions that are waived to submit report to the SET and grant for approval from shareholders 1.1 Transaction conducted by listed company or its subsidiaries in ordinary course of business and under normal commercial terms and conditions 1.2 Transaction between a listed company and any of its subsidiaries or a transaction between the subsidiaries themselves which involves the sharing of services or similar arrangements with such listed company or subsidiary in the ordinary course of business and under normal commercial terms and conditions of both or all of the companies concerned. 1.3 (a) a transaction between a listed company and any of its subsidiaries in which listed company holds shares in an amount exceeding 90% of the subsidiary没s paid-up capital or (b) a transaction between subsidiaries in which the listed company holds shares in an amount exceeding 90% of paid-up capital of each company or (c) a transaction between companies each of which is a subsidiary of one or more subsidiaries of a listed company, provided, however, that less than 90% of the paid-up capital of such companies are held by such subsidiaries, and provided, further, that more than 90% of the paid-up capital of such subsidiaries are by such listed company. 1.4 A transaction between a listed company and any of its subsidiaries in which the listed company holds shares in an amount exceeding 90% of paid-up capital of the subsidiary, or a transaction between subsidiaries in which the listed company holds shares in an amount not exceeding 90% of their paid-up capital, provided that it is a transaction in the ordinary course of business and under normal commercial terms of the two parties; and there is no connected person of the listed company being or collectively being a major shareholder of the subsidiary. 1.5 A transaction in which (a) a total value of consideration or of the transaction; or (b) in the case of the granting of financial assistance in the ordinary course of business, but which is not under normal commercial terms whereby (a) and (b) is or represents less than the higher of either one million baht or 0.03% of the book value of the net tangible assets as disclosed in the latest audited financial statements. 1.6 An issue of new securities to a connected person, where : the said securities are issued for the purpose of further transfer to a third person who is not related person of such connected person at the price not less than the market price and increase the proportion of the interest of the connected person, 97

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(2)

∫ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—π‰¥â√—∫À≈—°∑√—æ¬åμ“¡ ‘∑∏‘·≈– —¥ à«π„π∞“π–‡ªìπºŸâ∂◊ÕÀÿâπ ∫ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—π∑”Àπâ“∑’Ë‡ªìπºŸâ®—¥®”Àπà“¬À√◊ÕºŸâ®—¥®”Àπà“¬™à«ß‚¥¬«‘∏’√—∫ ª√–°—πº≈°“√®”Àπà“¬ ‡ªìπ°“√ÕÕ°À≈—°∑√—æ¬å „Àâ∫ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—πμ“¡‚§√ß°“√ÕÕ°À≈—°∑√—æ¬å „ Àâ æπ—°ß“πÀ√◊ÕºŸâ∫√‘À“√ √“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π∑’Ë ‰¥â√—∫¬°‡«âπ‰¡àμâÕß¢Õ§«“¡‡ÀÁπ™Õ∫®“°ºŸâ∂◊ÕÀÿâπ ·μàμâÕß√“¬ß“π„Àâ μ≈“¥À≈—°∑√—æ¬å∑√“∫ ‰¥â·°à 2.1 √“¬°“√∑’Ë¡’®”π«π‡ß‘ππâÕ¬ °≈à“«§◊Õ (°) ¡Ÿ≈§à“√«¡¢Õß ‘ËßμÕ∫·∑πÀ√◊Õ¡Ÿ≈§à“√«¡¢Õß√“¬°“√ À√◊Õ (¢) ‡ªìπ√“¬°“√„Àâ§«“¡™à«¬‡À≈◊Õ∑“ß°“√‡ß‘πμ“¡∏ÿ√°‘®ª°μ‘ ·μà ‰¡à‡ªìπ‰ªμ“¡‡ß◊ËÕπ‰¢ °“√§â“‚¥¬∑—Ë«‰ª

‚¥¬∑’Ë (°) ·≈– (¢) ¡’®”π«πμË”°«à“ 10 ≈â“π∫“∑ À√◊ÕμË”°«à“√âÕ¬≈– 3 ¢Õß¡Ÿ≈§à“μ“¡∫—≠™’¢Õß ‘π∑√—æ¬å∑¡’Ë μ’ «— μπ ÿ∑∏‘μ“¡∑’‡Ë ªî¥‡º¬„πß∫°“√‡ß‘π©∫—∫≈à“ ÿ¥∑’ºË “à π°“√μ√«® Õ∫®“°ºŸ â Õ∫∫—≠™’√∫— Õπÿ≠“μ ∑—Èßπ’È·≈â«·μà®”π«π„¥®– Ÿß°«à“ 2.2

√“¬°“√∑’Ë‡ªìπ°“√„Àâ§«“¡™à«¬‡À≈◊Õ∑“ß°“√‡ß‘π·°à (°) ∫√‘…—∑¬àÕ¬∑’Ë∫√‘…—∑®¥∑–‡∫’¬π∂◊ÕÀÿâπ‰¡à‡°‘π°«à“√âÕ¬≈– 90 ¢Õß∑ÿπ™”√–·≈â«¢Õß ∫√‘…—∑π—Èπ·≈–‰¡à¡’∫ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—π‡ªìπºŸâ∂◊ÕÀÿâπ ‚¥¬‡ªìπ°“√„Àâ§«“¡™à«¬‡À≈◊Õ ∑“ß°“√‡ß‘πμ“¡‡ß◊ËÕπ‰¢°“√§â“‚¥¬∑—Ë«‰ªÀ√◊Õ¥’°«à“ (¢) ∫√‘…—∑´÷Ëß∫√‘…—∑®¥∑–‡∫’¬πÀ√◊Õ∫√‘…—∑¬àÕ¬ ·≈–∫ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—π‡ªìπºŸâ∂◊ÕÀÿâπ ‚¥¬‡ªìπ°“√„Àâ§«“¡™à«¬‡À≈◊Õ∑“ß°“√‡ß‘πμ“¡ —¥ à«π∑’Ë∫√‘…—∑®¥∑–‡∫’¬πÀ√◊Õ ∫√‘…—∑¬àÕ¬¡’ à«π‰¥â‡ ’¬„π∫√‘…—∑π—Èπ μ“¡‡ß◊ËÕπ‰¢°“√§â“‚¥¬∑—Ë«‰ªÀ√◊Õ¥’°«à“

¢âÕ¡Ÿ≈®“°°“√¥”‡π‘πß“π„πªï 2549

6.1 √“¬°“√√–À«à“ß∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«‚¬ß°—π∑’ËÕ“®¡’§«“¡¢—¥·¬âß„πÕπ“§μ -‰¡à¡’ -

6.2 §«“¡®”‡ªìπ¢Õß√“¬°“√√–À«à“ß∫ÿ§§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«‚¬ß°—π∑’ËÕ“®¡’§«“¡¢—¥·¬âß„πÕπ“§μ -‰¡à¡’ -

6.3 ¢—πÈ μÕπ°“√Õπÿ¡μ— °‘ “√∑”√“¬°“√√–À«à“ß∫ÿ§§≈À√◊Õ°‘®°“√∑’‡Ë °’¬Ë «‚¬ß°—π∑’ÕË “®¡’§«“¡¢—¥·¬âß„πÕπ“§μ -‡ªìπ‰ªμ“¡¢—ÈπμÕπμ“¡∑’Ë°≈à“«¢â“ßμâπ-

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

(2)

The connected person receives a pro rata entitlement of securities in his capacity as shareholder, The connected person is acting in the capacity of underwriter or sub-underwriter The securities are issued to the connected persons under an employee or executive share scheme. A transaction that has been waived to grant for approval from shareholders but the report to the SET is still be required : 2.1 A transaction in which (a) a total value of consideration or of the transaction; or (b) in the case of the granting of financial assistance in the ordinary course of business, but which is not under normal commercial terms whereby (a) and (b) is or represents less than the higher of either ten million baht or 3% of the book value of the net tangible assets as disclosed in the latest audited financial statements. 2.2 A transaction in which a listed company has an objective of providing financial assistance to : (a) a subsidiary in which listed company holds shares in an amount not exceeding 90% of the paid-up capital of that company and in which no connected person is a shareholder, and the financial assistance is provided under normal or better commercial terms or (b) a company in which the listed company or any of its subsidiaries and a connected person are shareholders, and the financial assistance is in proportion to the interest which the listed company or any of its subsidiaries has in that company, under normal or better commercial terms.

Details from 2006 operational performance

6.1 Connected transactions with related person -none-

6.2 Necessity and appropriateness of the connected transaction -none-

6.3 Connected transactions approval procedure -The process as mentioned above-

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6.4 ·π«‚πâ¡°“√∑”√“¬°“√√–À«à“ß°—π„πÕπ“§μ √“¬°“√√–À«à“ß°—π¢Õß∫√‘…—∑„πÕπ“§μ ®–‡ªìπ√“¬°“√∑’Ë¥”‡π‘π°“√∑“ß∏ÿ√°‘®μ“¡ª°μ‘‡™àπ‡¥‘¡ ‰¡à ¡’ √“¬°“√„¥‡ªìπæ‘‡»… ‰¡à¡’°“√∂à“¬‡∑º≈ª√–‚¬™πå√–À«à“ß∫√‘…—∑°—∫°‘®°“√∑’Ë‡°’Ë¬«¢âÕß·≈–ºŸâ∂◊ÕÀÿâπ à«ππ‚¬∫“¬ °“√°”Àπ¥√“§“√–À«à“ß∫√‘…—∑°—∫°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π°”Àπ¥®“°√“§“μ“¡ª°μ‘¢Õß∏ÿ√°‘®‡™àπ‡¥’¬«°—∫∑’Ë°”Àπ¥ „Àâ°—∫∫ÿ§§≈/°‘®°“√Õ◊Ëπ∑’Ë ‰¡à‡°’Ë¬«¢âÕß°—π ”À√—∫√“§“ ‘π§â“∑’Ë´◊ÈÕ®“°∫√‘…—∑¬àÕ¬®–‡ªìπ‰ªμ“¡√“§“¢“¬¢Õß∫√‘…—∑ ¬àÕ¬∑’Ë°”Àπ¥®“°√“§“∑ÿπ∫«°°”‰√ à«π‡æ‘Ë¡ °“√‡ªî¥‡º¬√“¬°“√∑’‡Ë °’¬Ë «‚¬ß°—π®–‡ªìπ‰ªμ“¡√–‡∫’¬∫¢Õß ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å ·≈– μ≈“¥À≈—°∑√—æ¬å ·≈–μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ √«¡∑—Èß‡ªìπ‰ªμ“¡¡“μ√∞“π°“√∫—≠™’‡√◊ËÕß°“√‡ªî¥‡º¬ ¢âÕ¡Ÿ≈‡°’Ë¬«°—∫∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ´÷Ëß°”Àπ¥‚¥¬ ¿“«‘™“™’æ∫—≠™’

6.5 √“¬°“√√–À«à“ß∫√‘…—∑„À≠à °—∫ ∫√‘…—∑„π‡§√◊Õ √“¬™◊ÕË ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ·Õ√å-§Õπ¥å ®”°—¥ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‰æ¬Õß´“π Õ’ ‚«≈Ÿ™—Ëπ ®”°—¥ ∫√‘…—∑ ‡ø√™-‡∑§ ·¡πŸ·ø°‡®Õ√‘Ëß ®”°—¥ ∫√‘…—∑ ‡Õ ‡Õ ‡Õ Õ‘π‚π‡«™—Ëπ ®”°—¥ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‡øìß ´‘ß ‚¡≈¥å ·Õπ¥å ¥“¬ ®”°—¥ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ §Õ¡æå æ“√å∑ ®”°—¥ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ §Ÿ≈≈‘Ëß ´—ææ≈“¬ ®”°—¥ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ´—ß«Ÿ ®”°—¥

≈—°…≥–§«“¡ —¡æ—π∏å ∫√‘…—∑¬àÕ¬ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑√à«¡

√“¬°“√°—∫∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‚¥¬ª°μ‘‡ªìπ√“¬°“√´◊ÈÕ¢“¬ ‘π§â“·≈–«—μ∂ÿ¥‘∫√–À«à“ß°—πμ“¡ “¬°“√º≈‘μ¢Õß·μà≈–∫√‘…∑— ´÷ßË ®”π«π‡ß‘π∑’‡Ë °‘¥¢÷πÈ ∂◊Õ‡ªìπ —¥ à«π∑’Ë ‰¡à ßŸ ‡¡◊ÕË ‡ª√’¬∫‡∑’¬∫°—∫¬Õ¥¢“¬√«¡¢Õß∫√‘…∑— √“¬°“√√–À«à“ß∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—πÕ◊Ëπ‰¥â·°à °“√°Ÿâ¬◊¡√–¬– —Èπ·≈–√–¬–¬“«√–À«à“ß°≈ÿà¡∫√‘…—∑ ´÷Ëß¡’°“√§‘¥¥Õ° ‡∫’È¬√–À«à“ß°—π„πÕ—μ√“∑’Ë‡À¡“– ¡ πÕ°®“°π’È√“¬°“√√–À«à“ß°—πÕ’°ª√–‡¿∑Àπ÷Ëß§◊Õ°“√‚Õπ¢“¬‡§√◊ËÕß®—°√·≈– Õÿª°√≥å„π√“§“μ“¡∫—≠™’ „Àâ·°à∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π ‚¥¬‡©æ“–°“√‡ªî¥∫√‘…—∑¬àÕ¬·Ààß„À¡à ‚¥¬„™â‡§√◊ËÕß®—°√∑’Ë¡’Õ¬Ÿà °“√∑”√“¬°“√√–À«à“ß∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π∑ÿ°√“¬°“√μâÕß¥”‡π‘π°“√μ“¡¢—ÈπμÕπ·≈–ºà“π°“√Õπÿ¡—μ‘‚¥¬ºŸâ¡’ Õ”π“®¢Õß∫√‘…—∑∑ÿ°§√—Èß ´÷Ëß√“¬°“√√–À«à“ß°—π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‰¥â‡ªî¥‡º¬‰«â§√∫∂â«π·≈â«„πÀ¡“¬‡Àμÿ ª√–°Õ∫ß∫°“√‡ß‘π¢âÕ∑’Ë 7

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6.4 Potentials of future connected transactions The Company没s connected transactions will continue to be entered under a normal course of business without any special privilege being granted, without any transfer of benefits between the Company and related companies or shareholders. The pricing policy between the Company and related companies will be the same as the policy between the Company and unrelated person/ company. Whilst the pricing between the Company and any of its subsidiaries will be determined by the combination of actual cost and appropriate margin. The disclosure of the connected transactions comply with the regulations of the SEC and the SET as well as the accounting standard pertaining to the disclosure of information of related persons or businesses as provided by the Institute of Certified Accountants and Auditors of Thailand.

6.5 Connected Transactions with shareholders and related companies Company SNC Air-Cond Company Limited SNC Pyongsan Evolution Company Limited Fresh-Tech Manufacturing Company Limited SAS Innovation Company Limited SNC-Feng Xing Mould & Die Company Limited SNC Comp-Parts Company Limited SNC Cooling Supply Company Limited SNC SungWoo Company Limited

Type of relationship Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate

Most of the connected transactions involved in the selling and purchasing of products and raw materials according to the production line of each company. The proportion of paid amount was not high compared to total revenues of the Company. The connected transactions with other related companies, mostly, were in form of short-term and long-term borrowing with the appropriate interest rate. Another kind of connected transaction was the selling of machine and equipment at the book value to the related companies, especially the new subsidiary using the existing machine. All connected transactions have been complied to the relevant procedure and approved by the authorized person of the Company, which were fully disclosed in Clause 7. of notes to financial statements.

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√“¬ß“π§≥–°√√¡°“√μ√«® Õ∫ μ“¡∑’Ë∫√‘…—∑œ ‰¥â®—¥μ—Èß§≥–°√√¡°“√μ√«® Õ∫ ª√–°Õ∫¥â«¬ ª√–∏“π§≥–°√√¡°“√μ√«® Õ∫ ·≈– §≥–°√√¡°“√√«¡ 3 ∑à“π ‚¥¬¡’π“¬Õ“π–«—≤πå π“«‘π∏√√¡ ‡ªìπª√–∏“π°√√¡°“√μ√«® Õ∫ π“¬ ÿ°‘® æ—π∏å«‘»«“ ·≈–π“¬ ¡™“¬ ‡μ’¬ßÀß…“°ÿ≈ ‡ªìπ°√√¡°“√μ√«® Õ∫ „πªïæ.». 2549 §≥–°√√¡°“√μ√«® Õ∫‰¥âªØ‘∫—μ‘Àπâ“∑’Ëμ“¡§«“¡√—∫º‘¥™Õ∫∑’Ë ‰¥â√—∫¡Õ∫À¡“¬®“° §≥–°√√¡°“√∫√‘…—∑ ‚¥¬‰¥â¥”‡π‘π°“√ª√–™ÿ¡ ·≈–¥”‡π‘π°“√„π‡√◊ËÕßμàÕ‰ªπ’È 1.

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æ‘®“√≥“·≈–„Àâ§«“¡‡ÀÁπ™Õ∫„π‡√◊ËÕß°“√®—¥∑”ß∫°“√‡ß‘π√“¬‰μ√¡“ ·≈–ß∫°“√‡ß‘πª√–®”ªï ‚¥¬‰¥â Õ∫∂“¡·≈–√—∫øíß§”™’·È ®ß®“°ºŸ â Õ∫∫—≠™’ π—°∫—≠™’¢Õß∫√‘…∑— √«¡∑—ßÈ ‰¥â‡™‘≠ºŸ∫â √‘À“√∑’‡Ë °’¬Ë « ¢âÕß¢Õß∫√‘…—∑√à«¡™’È·®ßªí≠À“·≈–ª√–‡¥Áπ ”§—≠®“°°“√ Õ∫∑“π ·≈–°“√μ√«® Õ∫ß∫°“√‡ß‘π ¢ÕßºŸâ Õ∫∫—≠™’ ‡æ◊ËÕ„Àâß∫°“√‡ß‘π‰¡à¢—¥μàÕ¢âÕ‡∑Á®®√‘ß ·≈– Õ¥§≈âÕß°—∫¡“μ√∞“π°“√∫—≠™’ ·≈– °Æ√–‡∫’¬∫∑’Ë∫√‘…—∑μâÕßªØ‘∫—μ‘μ“¡

æ‘®“√≥“„Àâ§«“¡‡ÀÁπ™Õ∫„π·ºπß“πª√–®”ªï ß∫ª√–¡“≥ª√–®”ªï √«¡∑—Èßμ‘¥μ“¡º≈°“√¥”‡π‘π ß“π¢Õß ”π—°μ√«® Õ∫¿“¬„π∑ÿ°‰μ√¡“ ‡æ◊ËÕª√–‡¡‘π·≈–∑∫∑«π§«“¡‡æ’¬ßæÕ¢Õß√–∫∫ §«∫§ÿ¡¿“¬„π ·≈–°“√°”°—∫¥Ÿ·≈ß“π¢Õß∫√‘…—∑ ‰¡à„Àâ‡°‘¥§«“¡¢—¥·¬âßÀ√◊Õ≈–‡¡‘¥μàÕ¢âÕ°ÆÀ¡“¬ ·≈–¢âÕ°”Àπ¥¢Õß∑“ß°“√

®— ¥ „Àâ ¡’ ° “√ª√–‡¡‘π§«“¡¡’ª√– ‘∑∏‘º≈„π°“√ªØ‘∫—μ‘ß“π¢Õß§≥–°√√¡°“√μ√«® Õ∫ ‚¥¬ §≥–°√√¡°“√μ√«® Õ∫√à«¡°—∫ºŸâ®—¥°“√ΩÉ“¬∫—≠™’·≈–°“√‡ß‘π‰¥â∑”°“√ª√–‡¡‘π„π‡√◊ËÕß§«“¡ æ√âÕ¡¢Õß§≥–°√√¡°“√μ√«® Õ∫ °“√ª√–™ÿ¡¢Õß§≥–°√√¡°“√μ√«® Õ∫ °“√√“¬ß“π ¢Õß§≥–°√√¡°“√μ√«® Õ∫ °‘®°√√¡¢Õß§≥–°√√¡°“√μ√«® Õ∫ §«“¡ —¡æ—π∏å°—∫ºŸâ Õ∫∫—≠™’ ¿“¬πÕ° ·≈–°“√ª√–‡¡‘πº≈ ‚¥¬°“√ª√–‡¡‘π √ÿª‰¥â«à“·μà≈–‡√◊ËÕß¡’ª√– ‘∑∏‘º≈Õ¬Ÿà „π√–¥—∫ ∑’πË “à æ÷ßæÕ„®

(π“¬Õ“π–«—≤πå π“«‘π∏√√¡) ª√–∏“π°√√¡°“√μ√«® Õ∫

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Audit Committee没s Report The Audit Committee appointed by the Company comprised of three independent directors: Mr. Anawat Navinthum, Chairman of the Audit Committee, Mr. Sukit Panvisavas and Mr. Somchai Tenghongsakul as the member. During 2006, the Audit Committee has performed duties and responsibilities as delegated by the Board of Directors and arranged the meetings as follows: 1. The Audit Committee held 4 regular meetings with executives participation in appropriate matters. 2.

Considered and approved the quarterly and annual financial statements, sharing views with external auditors and accounting officer, including relevant executives concerning obstacles and significant matter arose from the review and audit in order to ensure the accuracy and in compliance with Thai accounting standards and related regulations.

Considered and approved business plan, budget and quarterly monitor the performance of internal audit function in order to assess and review the sufficiency of internal control and corporate governance to assure that the Company is on compliance with laws and regulations.

Assessed, together with accounting and finance manager, their own effectiveness and the adequacy of their terms of reference, work plan, meeting, report, relevant activities, relationship with external auditor and evaluation. The assessment has shown the appropriate effective result.

(Mr. Anawat Navinthum) Chairman of the Audit Committee

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7. °“√«‘‡§√“–Àå∞“π–°“√‡ß‘π·≈–º≈°“√¥”‡π‘πß“π º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥ «—π∑’Ë 31 ∏—π«“§¡ 2549 √“¬‰¥â®“°°“√¢“¬ ®”π«π 2,035 ≈â“π∫“∑ Ÿß°«à“ß«¥‡¥’¬«°—π¢Õßªï°àÕπ 59% (ªï 2548 : 1,277 ≈â“π∫“∑) ‡ªìπº≈¡“®“° 1. √“¬‰¥â®“°°“√¢“¬™‘Èπ à«π‡§√◊ËÕßª√—∫Õ“°“»¿“¬„πÕ“§“√®”π«π 1,288 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 62% (ªï 2548 : 759 ≈â“π∫“∑) ‡π◊ËÕß®“° °) °“√¬â“¬ “¬°“√º≈‘μ™‘Èπ à«π∑àÕ∑Õß·¥ß¢Õß≈Ÿ°§â“¡“º≈‘μ ∑’Ë∫√‘…—∑œ ¢) ∫√‘…—∑œ¡’æ—π∏¡‘μ√®“°‡°“À≈’¡“™à«¬∑”μ≈“¥ ·≈–§) √“§“«—μ∂ÿ¥‘∫∑’Ë Ÿß¢÷Èπ°«à“ªï°àÕπ 2. √“¬‰¥â®“°°“√¢÷πÈ √Ÿª‚≈À–·ºàπ·≈–º≈‘μ‡§√◊ÕË ß·™à·¢Áß∂πÕ¡Õ“À“√√«¡ 259 ≈â“π∫“∑ ‡æ‘¡Ë ¢÷πÈ 721% (ªï 2548 : 32 ≈â“π∫“∑) ‚¥¬∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‰æ¬Õß´“π Õ’‚«≈Ÿ™—Ëπ ®”°—¥ ´÷Ëß‡√‘Ë¡ª√–°Õ∫°“√„π ‰μ√¡“ “¡¢Õßªï 2548 3. √“¬‰¥â®“°°“√¢“¬™‘Èπ à«π§Õ¡‡æ√ ‡´Õ√å®”π«π 182 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 20% (ªï 2548 : 151 ≈â“π∫“∑) ‡æ‘Ë¡¢÷Èπ‡π◊ËÕß®“°√“§“«—μ∂ÿ¥‘∫∑’Ë Ÿß¢÷Èπ §à“„™â®à“¬ μâπ∑ÿπ¢“¬®”π«π 1,653 ≈â“π∫“∑ §‘¥‡ªìπ 81% ¢Õß√“¬‰¥â®“°°“√¢“¬ (ªï 2548 : 984 ≈â“π∫“∑ §‘¥‡ªìπ 77%) ´÷Ëß‡æ‘Ë¡¢÷Èπ‡π◊ËÕß¡“®“° (1) √“¬‰¥â®“°°“√¢“¬‚¥¬√«¡∑’Ë‡æ‘Ë¡¢÷Èπ (2) «—μ∂ÿ¥‘∫À≈—°ª√–°Õ∫¥â«¬ ∑Õß·¥ß·≈–Õ≈Ÿ¡‘‡π’¬¡¡’√“§“ Ÿß°«à“ªï°àÕπ (3) Õ—μ√“μâπ∑ÿπ¢“¬·≈–§à“„™â®à“¬„π°“√≈ß∑ÿπ∑’Ë∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‰æ¬Õß´“π Õ’ ‚«≈Ÿ™—Ëπ ®”°—¥ §‘¥‡ªìπÕ—μ√“√âÕ¬≈–∑’Ë Ÿß ”À√—∫§à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√®”π«π 175 ≈â“π∫“∑ §‘¥‡ªìπ 9% ¢Õß√“¬‰¥â®“°°“√¢“¬ (ªï 2548 : 153 ≈â“π∫“∑ §‘¥‡ªìπ 12%) Õ—μ√“√âÕ¬≈–μàÕ√“¬‰¥â≈¥≈ß‡π◊ËÕß®“° §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√¡’®”π«π‡ß‘π‡ª≈’Ë¬π·ª≈ß‰¡à¡“°‡¡◊ËÕ‡∑’¬∫°—∫√“¬‰¥â®“°°“√¢“¬∑’Ë¡’¡Ÿ≈§à“ Ÿß¢÷Èπ¡“° à«π¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈‡ª≈’Ë¬π·ª≈ß‰¡à¡“°π—° °”‰√ ÿ∑∏‘ ®”π«π 163.3 ≈â“π∫“∑ §‘¥‡ªìπ 8.02% ¢Õß√“¬‰¥â®“°°“√¢“¬ (ªï 2548 : 122.1 ≈â“π∫“∑ §‘¥‡ªìπ 9.6%) °”‰√ ÿ∑∏‘¡’¡Ÿ≈§à“‡æ‘Ë¡¢÷Èπ 34% ‚¥¬§‘¥‡ªìπ°”‰√μàÕÀÿâπ‡∑à“°—∫ 0.81 ∫“∑μàÕÀÿâπ (ªï 2548 : 0.61 ∫“∑μàÕÀÿπâ )

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7. Management Discussion and Analysis Operating result of SNC Former Public Company Limited and its subsidiaries for the year ended December 31, 2006 is as follows: Sales revenue of Baht 2,035 million, which was 59% higher than that of the previous year (2005 : Baht 1,277 million), resulting from 1. Sales of indoor air conditioning parts of Baht 1,288 million, or 62% growth (2005 : Baht 759 million) which was attributable to a) the transfer of the customer没s copper tube production line to the Company, b) marketing assistance from Korean partner and c) higher raw material costs compared to that of last year. 2. Sales of metal sheet fabrication and freezer machine totaling Baht 259 million, or 721% growth (2005 : Baht 32 million) as SNC Pyongsan Evolution Company Limited commenced its operation in the third quarter of the year 2005. 3. Sales of compressor parts of Baht 182 million, or 20% growth (2005:Baht 151 million) due to higher raw material costs. Expenses The increase of cost of goods sold to Baht 1,653 million, representing 81% of sale revenues (2005 : Baht 984 million, representing 77% of sale revenues) are primarily due to (1) increase of total sale revenues, (2) higher price of key raw material, i.e. copper and aluminum, (3) high cost of good sold and investment expenditures in SNC Pyongsan Evolution Company Limited. Concurrently, selling and administration expenses was Baht 175 million, representing 9% of revenues (2005:Baht 153 million, representing 12% of sale revenues). The proportion of selling and administration expenses to sale revenue decreased as the amount of the said expenses changes insignificantly compared to the growth of revenue. Interest expenses and corporate income tax were also slightly changed. Net profit of Baht 163.3 million, representing 8.02% of revenues (2005 : Baht 122.1 million, representing 9.6% of sale revenues), increased by 34% with the earnings per share of Baht 0.81 (2005 : Baht 0.61 per share).

Financial Status As of December 31, 2006, the Company and its subsidiaries recorded a total assets of Baht 1,487 million. The ratio of current assets and fixed assets to total assets was 55% and 45%, respectively. Total liabilities and shareholder没s equity was Baht 930 million and Baht 557 million, representing 63% and 37%, respectively. Cash and cash equivalent as of December 31, 2006 was Baht 223 million, grew by 2%, resulting in 0.35 times of debt service coverage ratio.

105

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≈Ÿ°Àπ’È°“√§â“ ≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2549 ¡’®”π«π 371 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ„πÕ—μ√“√âÕ¬≈– 58 ‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫°—∫ªï°àÕπ ®“°¡Ÿ≈§à“°“√¢“¬∑’Ë Ÿß¢÷Èπ ‚¥¬√–¬–‡«≈“°“√„Àâ ‘π‡™◊ËÕ·°à≈Ÿ°§â“‚¥¬∑—Ë«‰ª¢Õß∫√‘…—∑§◊Õ 30-60 «—π ´÷Ëß®“°°“√§”π«≥√–¬–‡«≈“„π°“√‡°Á∫Àπ’È‡©≈’Ë¬¢Õßªï 2547 2548 ·≈– 2549 §◊Õ 65 «—π 62 «—π ·≈– 54 «—π μ“¡≈”¥—∫ ´÷Ëß∂◊Õ‡ªìπ√–¬–‡«≈“°“√‡°Á∫Àπ’È‡©≈’Ë¬∑’Ë‡√Á«¢÷Èπ·≈–„°≈â‡§’¬ß°—∫π‚¬∫“¬°“√„Àâ ‘π‡™◊ËÕ ¢Õß∫√‘…∑— ‘π§â“§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2549 ¡’®”π«π ÿ∑∏‘ 183 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ„πÕ—μ√“√âÕ¬≈– 83 ‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫°—∫ªï°àÕπ ´÷Ëß°“√‡æ‘Ë¡¢÷Èπ¢Õß ‘π§â“§ß‡À≈◊Õ‡π◊ËÕß¡“®“°ª√‘¡“≥°“√º≈‘μ·≈–ª√‘¡“≥°“√¢“¬ ∑’Ë‡æ‘Ë¡¢÷Èπ®“°ªï°àÕπ ‚¥¬ª°μ‘∫√‘…—∑¡’π‚¬∫“¬„π°“√‡°Á∫ ‘π§â“§ß‡À≈◊Õ„ÀâπâÕ¬∑’Ë ÿ¥ ‚¥¬∫√‘…—∑®–º≈‘μ ‘π§â“μ“¡ §” —Ëß´◊ÈÕ¢Õß≈Ÿ°§â“‡ªìπÀ≈—° √–¬–‡«≈“„π°“√¢“¬ ‘π§â“‡©≈’Ë¬¢Õßªï 2547 2548 ·≈– 2549 §◊Õ 29 «—π 33 «—π ·≈– 31 «—π μ“¡≈”¥—∫ ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å ÿ∑∏‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2549 ¡’®”π«π ÿ∑∏‘ 619 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ ÿ∑∏‘®”π«π 189 ≈â“π∫“∑ ´÷Ëß à«π„À≠à‡ªìπ°“√≈ß∑ÿπ∑’Ë∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‰æ¬Õß´“π Õ’ ‚«≈Ÿ™—Ëπ ®”°—¥ ‚¥¬ ∫√‘…—∑¡’°“√≈ß∑ÿπ„π‡§√◊ËÕß®—°√·≈–Õÿª°√≥å∑’Ë∑—π ¡—¬‡æ‘Ë¡¢÷Èπ ‡æ◊ËÕ‡æ‘Ë¡ª√– ‘∑∏‘¿“æ„π°“√∑”ß“π·≈–‡æ‘Ë¡§ÿ≥¿“æ ¢Õßº≈º≈‘μÕ¬à“ßμàÕ‡π◊ËÕß√Õß√—∫°“√¢¬“¬°”≈—ß°“√º≈‘μ∑’Ë‡æ‘Ë¡¢÷Èπμ“¡§«“¡μâÕß°“√¢Õß≈Ÿ°§â“ Õ—μ√“º≈μÕ∫·∑π ®“° ‘π∑√—æ¬å∂“«√ ”À√—∫ªï 2547 2548 ·≈– 2549 §‘¥‡ªìπÕ—μ√“√âÕ¬≈– 84 56 ·≈– 43 μ“¡≈”¥—∫ ‡®â“Àπ’È°“√§â“·≈–μ—Î«‡ß‘π®à“¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2549 ¡’®”π«π 412 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ„πÕ—μ√“ √âÕ¬≈– 117 ‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫°—∫ªï 2548 ´÷Ëßº—π·ª√‰ªμ“¡¬Õ¥´◊ÈÕ·≈–¬Õ¥º≈‘μ∑’Ë‡æ‘Ë¡¢÷Èπ ‚¥¬Õ—μ√“°“√À¡ÿπ¢Õß ‡®â“Àπ’È°“√§â“ ”À√—∫ªï 2549 ‡∑à“°—∫ 5.5 §√—Èß àßº≈„Àâ√–¬–‡«≈“„π°“√®à“¬™”√–Àπ’È‡©≈’Ë¬„πªï 2549 Õ¬Ÿà∑’Ë 66 «—π ‚¥¬√–¬–‡«≈“∑’Ë∫√‘…—∑‰¥â√—∫ ‘π‡™◊ËÕ®“°ºŸâ¢“¬‚¥¬∑—Ë«‰ª§◊Õ 30-90 «—π ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« ≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2549 ¡’®”π«π 147 ≈â“π∫“∑ ∫√‘…—∑°Ÿâ¬◊¡‡ß‘π®“° ∂“∫—π°“√‡ß‘π„π °ÿ≈‡ß‘π∫“∑‚¥¬¡’«—μ∂ÿª√– ß§å‡æ◊ËÕ°“√≈ß∑ÿπ·≈–‡ªìπ‡ß‘π∑ÿπÀ¡ÿπ‡«’¬π„π∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‰æ¬Õß´“π Õ’ ‚«≈Ÿ™—Ëπ ®”°—¥ ·≈–∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ·Õ√å-§Õπ¥å ®”°—¥ (À¡“¬‡Àμÿª√–°Õ∫ß∫¢âÕ 15) Õ—μ√“ à«π Àπ’È ‘π∑’Ë¡’¥Õ°‡∫’È¬μàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ ‡∑à“°—∫ 0.28 ‡∑à“ (ªï 2548 : 0.44 ‡∑à“) ·≈–¡’Õ—μ√“ à«π§«“¡ “¡“√∂ „π°“√™”√–¥Õ°‡∫’È¬ ‡∑à“°—∫ 20.48 ‡∑à“ à«π¢ÕßºŸâ∂◊ÕÀÿâπ ≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2549 ‡∑à“°—∫ 557 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ®“°ªï°àÕπ„πÕ—μ√“ √âÕ¬≈– 16.31 ‚¥¬‡ªìπ°”‰√ª√–®”ªï®”π«π 163 ≈â“π∫“∑ °“√®—¥ √√‡ß‘π ”√Õßμ“¡°ÆÀ¡“¬‡æ‘Ë¡¢÷Èπ®”π«π 6.9 ≈â“π∫“∑ ·≈–°“√®—¥ √√‡ß‘πªíπº≈®”π«π 80.28 ≈â“π∫“∑ ‚¥¬¡’Õ—μ√“ à«πÀπ’È ‘πμàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ ‡∑à“°—∫ 1.67 μàÕ 1 ·≈–¡’Õ—μ√“º≈μÕ∫·∑πºŸâ∂◊ÕÀÿâπ‡∑à“°—∫√âÕ¬≈– 31.49

106

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

Trade account receivables as of December 31, 2006 was Baht 371 million or 58% increasing compared to that of last year due to superior sale revenues. Generally, the Company offers 30-60 days credit term to its customers which estimated by the collection period during the year 2004, 2005 and 2006 which was recorded at 65 days, 62 days and 54 days, respectively. The figures showed that the Company is able to collect cash more rapidly and in line with the credit policy of the Company. The Company没s inventory was Baht 183 million as of December 31, 2006 or 83% increasing compared to that of last year, attributable to production and selling growth. Normally, the Company has a policy to maintain least inventory by manufacturing according to client没s order. The inventory turnover period of the year 2004, 2005 and 2006 was 29 days, 33 days and 31 days, respectively. Property, plant and equipment-net as of December 31, 2006 was Baht 619 million, or Baht 189 million growth, mostly was the investment of modern machines and equipments in SNC Pyongsan Evolution Company Limited in order to enhance the efficiency and product quality to serve customer没s need. Return of fixed assets for the year 2004, 2005 and 2006 was 84%, 56% and 43%, respectively. Trade accounts and notes payable as of December 31, 2006 was recorded at Baht 412 million, or 117% increasing compared to that of year 2005 according to the growth of purchasing and production. Whereby the payable turnover for the year 2006 was 5.5 times, resulting in the payment period of 66 days while the Company obtained credit term of 30-90 days from the creditors. Short-term loans as of December 31, 2006 was Baht 120 million (2005 : Baht 95 million). The Company borrowed loans in Baht currency from financial institution as working capital for SNC Pyongsan Evolution Company Limited (see clause 14 of notes to financial statements) Long-term loans as of December 31, 2006 was Baht 147 million. The Company borrowed loans in Baht currency from financial institution as working capital for SNC Pyongsan Evolution Company Limited and SNC Air-Cond Company Limited (see clause 15 of notes to financial statements). Interest bearing debts to equity ratio was 0.28 times (2005 : 0.44 times) and interest coverage ratio was 20.48 times. Shareholder没s equity as of December 31, 2006 was Baht 557 million, or 16.31 increasing, composed of net profit for the year of Baht 163 million, the increase of statutory reserve by Baht 6.9 million and dividend of Baht 80.28 million. Debt to equity ratio was 1.67 times with return on equity of 31.49%.

107

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8. ß∫°“√‡ß‘π 8.1 ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ·≈–ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ·≈–ß∫°“√‡ß‘π√«¡‡ª√’¬∫‡∑’¬∫ ªï 2549 ·≈– 2548 · ¥ß√“¬≈–‡Õ’¬¥‰«â·≈â« „π‡Õ° “√·π∫∑â“¬

8.2 §à“μÕ∫·∑π¢ÕßºŸâ Õ∫∫—≠™’ 8.2.1 §à“μÕ∫·∑π®“°°“√ Õ∫∫—≠™’ (Audit Fee) ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬®à“¬§à“ Õ∫∫—≠™’ „Àâ·°à ”π—°ß“π Õ∫∫—≠™’∑’ËºŸâ Õ∫∫—≠™’ —ß°—¥ „π√Õ∫ªï ∫—≠™’∑’Ëºà“π¡“¡’®”π«π‡ß‘π√«¡ 2,700,000 ∫“∑ ( Õß≈â“π‡®Á¥· π∫“∑∂â«π) ª√–°Õ∫¥â«¬ ● ● ● ● ● ● ● ● ●

∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ·Õ√å-§Õπ¥å ®”°—¥ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‰æ¬Õß´“π Õ’ ‚«≈Ÿ™—Ëπ ®”°—¥ ∫√‘…—∑ ‡ø√™‡∑§ ·¡πŸ·ø°‡®Õ√‘Ëß ®”°—¥ ∫√‘…—∑ ‡Õ ‡Õ ‡Õ Õ‘π‚π‡«™—Ëπ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ‡øìß´‘ß ‚¡≈¥å·Õπ¥å¥“¬ å ®”°—¥ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ ´—ß«Ÿ ®”°—¥ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ §Õ¡æåæ“√å∑ ®”°—¥ ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ §Ÿ≈≈‘Ëß ´—ææ≈“¬ ®”°—¥ √«¡∑—Èß ‘Èπ

®”π«π‡ß‘π ®”π«π‡ß‘π ®”π«π‡ß‘π ®”π«π‡ß‘π ®”π«π‡ß‘π ®”π«π‡ß‘π ®”π«π‡ß‘π ®”π«π‡ß‘π ®”π«π‡ß‘π

1,300,000 ∫“∑ 560,000 ∫“∑ 500,000 ∫“∑ 70,000 ∫“∑ 70,000 ∫“∑ 50,000 ∫“∑ 50,000 ∫“∑ 50,000 ∫“∑ 50,000 ∫“∑ 2,700,000 ∫“∑

8.2.2 §à“∫√‘°“√Õ◊Ëπ (Non-Audit Fee) ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‰¡à¡’°“√√—∫∫√‘°“√Õ◊Ëπ®“° ”π—°ß“π Õ∫∫—≠™’∑’ËºŸâ Õ∫∫—≠™’ —ß°—¥ ∫ÿ§§≈À√◊Õ °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—∫ºŸâ Õ∫∫—≠™’·≈– ”π—°ß“π Õ∫∫—≠™’∑’ËºŸâ Õ∫∫—≠™’ —ß°—¥* „π√Õ∫ªï∫—≠™’∑’Ëºà“π¡“ * ∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—∫ºŸâ Õ∫∫—≠™’·≈– ”π—°ß“π Õ∫∫—≠™’∑’ËºŸâ Õ∫∫—≠™’ —ß°—¥ „Àâ√«¡∂÷ß (1) §Ÿà ¡√ ·≈–∫ÿμ√∑’Ë¬—ßμâÕßæ÷Ëßæ‘ßÀ√◊ÕÕ¬Ÿà „πÕÿª°“√–¢ÕßºŸâ Õ∫∫—≠™’ (2) °‘®°“√∑’Ë¡’Õ”π“®§«∫§ÿ¡ ”π—°ß“π Õ∫∫—≠™’ °‘®°“√∑’Ë∂Ÿ°§«∫§ÿ¡‚¥¬ ”π—°ß“π Õ∫∫—≠™’ ·≈– °‘®°“√∑’ÕË ¬Ÿ¿à “¬„μâ°“√§«∫§ÿ¡‡¥’¬«°—π°—∫ ”π—°ß“π Õ∫∫—≠™’ ‰¡à«“à ®–‡ªìπ‚¥¬∑“ßμ√ßÀ√◊Õ∑“ßÕâÕ¡ (3) °‘®°“√∑’ËÕ¬Ÿà¿“¬„μâÕ‘∑∏‘æ≈Õ¬à“ß‡ªìπ “√– ”§—≠¢Õß ”π—°ß“π Õ∫∫—≠™’ (4) Àÿâπ à«πÀ√◊Õ‡∑’¬∫‡∑à“¢Õß ”π—°ß“π Õ∫∫—≠™’ (5) §Ÿà ¡√ ·≈–∫ÿμ√∑’Ë¬—ßμâÕßæ÷Ëßæ‘ßÀ√◊ÕÕ¬Ÿà „πÕÿª°“√–¢Õß∫ÿ§§≈μ“¡ (4) (6) °‘®°“√∑’ºË Ÿâ Õ∫∫—≠™’ ∫ÿ§§≈μ“¡ (1) (4) À√◊Õ (5) ¡’Õ”π“®§«∫§ÿ¡À√◊Õ¡’Õ∑‘ ∏‘æ≈Õ¬à“ß‡ªìπ “√– ”§—≠ ‰¡à«à“®–‡ªìπ‚¥¬∑“ßμ√ßÀ√◊Õ∑“ßÕâÕ¡

108

SNC FORMER PUBLIC COMPANY LIMITED - ANNUAL REPORT 2006

8. Financial Statements 8.1 Financial statement of the Company and Consolidated Financial Statements of the Company and its subsidiaries Financial statement of the Company and Consolidated Financial Statements of the Company and its subsidiaries for the year 2006 and 2005 as presented as the attachment.

8.2 Auditor's Fee 8.2.1 Audit Fee The Company and its subsidiaries paid for the audit fees for the latest accounting period amounting to Baht 2,700,000 (two millions and seven hundred thousand baht) comprising of ● ● ● ● ● ● ● ● ●

SNC Former Public Company Limited SNC Air-Cond Company Limited SNC Pyongsan Evolution Company Limited Fresh-Tech Manufacturing Company Limited SAS Innovation Company Limited SNC-Feng Xing Mould & Die Company Limited SNC SungWoo Company Limited SNC Comp-Parts Company Limited SNC Cooling Supply Company Limited Total

1,300,000 Baht 560,000 Baht 500,000 Baht 70,000 Baht 70,000 Baht 50,000 Baht 50,000 Baht 50,000 Baht 50,000 Baht 2,700,000 Baht

8.2.2 Non-Audit Fee The Company and its subsidiaries have not received any other services from the auditorûs company or person or companies related to the auditor and the auditorûs company* during the latest accounting period. * person or companies related to the auditor and the auditorûs company including (1) spouse and children under support of the auditor (2) juristic person that has control power over the auditorûs company, juristic person that is significantly controlled by the auditorûs company and juristic person under the same control of the auditorûs company both direct and indirect control (3) juristic person that is significantly controlled by the auditorûs company (4) partner or equivalent of the auditorûs company (5) spouse and children under support of persons in (4) (6) juristic person that the auditor, person in (1) (4) or (5) has significant control power over both direct and indirect control 109

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√“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ·≈–ß∫°“√‡ß‘π ∫√‘…—∑ ‡Õ ‡ÕÁπ ´’ øÕ√å‡¡Õ√å ®”°—¥ (¡À“™π) «—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548

110