27 April 2005
Reports on shareholders' resolutions
April 27, 2005
To: President
The Stock Exchange of Thailand
Re: Reports on shareholders' resolutions
The 2005 Annual Ordinary General Meeting of the
Shareholders of BEC World Plc. was held this afternoon and
the following resolutions were made during the meeting:
1. Certified the minutes of the 2004 Annual Ordinary General
Meeting of Shareholders, as presented.
2. Acknowledged the Board of Directors' reports on the
Company's operation during the year 2004.
3. Approved the balance sheet and the profit and loss statement
of the Company for the year ended December 31, 2004., as
presented.
4. Approved the profit appropriation for the year 2004 and the
declaration of dividend as follows:
- appropriated as the final dividend for 2,000 million
ordinary shares at Baht 0.50 per share, payable to
shareholders as listed on the share register book as of
April 7, 2005 at 12:00 hours, amounting to Baht
1,000,000,000 and this dividend payment is to be made on
May 25, 2005. The annual dividend when combined with the
interim dividends paid during the year 2004 will be totally
Baht 1,800,000,000.
- carry forward as unappropriated retained earnings Baht
411,902,960.
5. Re-elected Mr.Vichai Maleenont, Mr.Prasan Maleenont,
Mr.Pravit Maleenont and Ms.Ratana Maleenont whose tenure
has just ended, back as director of the Company for another
term, and approved the remuneration of directors for the year
2005 at the same as last year's as follows:
1.) Meeting allowance
- allowance for each meeting of the Board of Directors.
Baht 8,000 for the Chairman of the Board and
Baht 4,000 for each other directors.
- allowance for each meeting of the Audit Committee.
Baht 4,000 for each member of the Audit Committee.
The meeting allowance of the year 2005 should be within
Baht 500,000.
2.) Remuneration of Baht 12 million for all the directors
during the year 2005, to be appropriated among them by
the Board.
6. Re-appointed Dr.Virach Apimetheethamrong and/or Mr.Chaiyakorn
Aunpitipongsa of Dr.Virach & Associates Office, as the
Company's auditor for the year 2005, and fixing audit fee for
the year 2005 for the group at the amount of Baht 4,280,000
which the Company's part is Baht 1,060,000.
Please be informed accordingly.
Yours faithfully,
(Mr. Chatchai Thiamtong)
Vice President - Finance