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Establishment of Subsidiary Company

BackJun 28, 2010

Ref. 2553/011

June 28, 2010

Subject : Establishment of Subsidiary Company

To : President The Stock Exchange of Thailand

As SiS Distribution (Thailand) Public Company Limited ("The Company") was previously informed to the Stock Exchange of Thailand on May 15, 2009 on the resolution of the Board of Director no. 2/2009 held on May 14, 2009 that the Company will establish two new subsidiary companies. In 2009, the Company has established first subsidiary company name "SiS Venture Co.,Ltd."

In order to comply with the resolution, the Company has established another new subsidiary company with the objective of distributes new products that similar to the Company from new Vendors. But for the appropriateness with the current situation and economy, as well as to be align with the business in our group, the company has changed on the details as follow;

Company name From Qdist Company Limited
  Change to Qool Distribution (Thailand) Company Limited
Registered Capital From Baht 5,000,000 (five million), consisting of 500,000 ordinary shares at Baht 10 (ten) per share
  Change to Baht 1,000,000 (one million), consisting of 100,000 ordinary shares at Baht 10 (ten) per share.
This Capital is the initial capital to operate the business and the Company holds 99.9 percent.

Please be informed accordingly.

Yours sincerely,

 

(Mr.Vorrapop Taksapan)
Company Secretary

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