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Report on Shareholders' Meeting Resolution no. 1 of 2007

March 30th, 2007

Re: Report on Shareholders' Meeting Resolution no. 1 of the year 2007

To: President of The Stock Exchange of Thailand

SiS Distribution (Thailand) Public Company Limited would like to report the resolutions of the Annual General Meeting for the year 2007 which held on March 30th, 2007 at 10.00. The meeting resolution are as follows:

1. Certified the Minutes of The Annual General Meeting of shareholders 2006 which was held on March 31st, 2006.

2. Acknowledged the Company's Annual Report and the Board of Directors' Report on the Company's operations for 2006.

3. Approved the Company's Financial Statements, Balance Sheet and Statement of Income for the year ended 31st December 2006.

4. Approved the retained earnings appropriation and approved payment the dividends for the year 2006 to Shareholders whose names appear on the share registration as of 12th March 2007 at 0.14 baht per share, for 201,481,300 shares, totaling 28,207,382 baht and the date of dividend payment would be on 27th April 2007. And the appropriation 5% of the profit in total amount 4,700,000 baht as the legal reserve.

5. Approved and elected Mr. Somchai Sirivichayakul, Mr.Sombati Pungsrinont, and Mr.Lim Kia Hong whom retired by rotation, to be directors. The director's remuneration for the year 2007 is not more than 4,000,000 baht with depends on consideration of remuneration committee to consider in the detail of remuneration.

6. Approved to appointed of Mr.Ekkasit Chuthamsatid, Certified Public Accountant No. 4195 or Ms.Somboon Supasiripinyo, Certified Public Accountant No.3731 from KPMG Phoomchai Audit Company Limted, as the Company's auditor for the year 2007 and approved the audit fee amount of 930,000 Baht.

7. No other agenda.

Yours faithfully,
SiS Distribution (Thailand) Public Company Limited

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(Mr.Somchai Sittichaisrichart)
Managing Director