18 November 1998
UPDATED REPORT ON THE PREPARATIONS FOR THE YEAR 2000
November 16,1998
To : The President
Stock Exchange of Thailand
Re : Updated Report on the Preparations for The Year 2000.
Ref. : 1) Stock Exchanges Letter No.Bor Jor/Mor(Wor) 49/2541
2) Our First Report on the Preparations for The Year 2000 dated
August 25, 1998.
As it is time to update our report on the preparations for the
year 2000 which was first submitted to you on August 25, 1998, according to
your instructions under your letter No.Bor Jor/Mor(Wor)49/2541, We report
that the preparations are proceeding well according to the plans and are
within the budgeted expenditure limit as previously described in the
aforementioned report.
Since the costs involved in solving our Year 2000 problems were
estimated at the level not more than Bath 10million thus this can be treated
as an insignificant matter, according to clause 3 of SEC's announcement on
this subject No.Sor Jor 34/2541, therefore it is understood that the Company
does not have to submit any further report on this subject anymore.
Please be informed accordingly.
Yours sincerely,
Chatchai Thiamtong
Vice President - Finance