| Attention The President The Stock Exchange of Thailand Following TICON's Board of Directors' Meeting No. 5/2005 held on May 20, 2005 at 5.00 p.m., the Company would like to announce the Board of Directors'significant resolutions which could affect investors' decision making as follows: The Board approved the establishment of a Subsidiary, named TICON Logistics Park Company Limited, which TICON will hold 99.99 percent stake of the Baht 100 million registered capital, for the purpose of the development of industrial / logistics center / related facilities. Further progress will be informed accordingly. Please be informed. Yours faithfully, (Miss Lalitphant Phiriyaphant) Secretary to the Board of Directors |