26 April 2006
Reports on shareholder's resolutions
April 26, 2006
To: President
The Stock Exchange of Thailand
Re: Reports on shareholders' resolutions
The 2006 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 2005 Annual Ordinary General
Meeting of Shareholders, as presented.
2. Acknowledged the Board of Directors' reports on the Company's
operation during the year 2005.
3. Approved the balance sheet and the profit and loss statement of
the Company for the year ended December 31, 2005, as presented.
4. Approved the profit appropriation for the year 2005 and the
declaration of dividend as follows:
- appropriated as the final dividend for 2,000 million ordinary
shares at Baht 0.30 per share, amounting to
Baht 600,000,000, which shall be paid from profit after tax
at the rate of 30% to the shareholders whose names are
appeared in the share register book as of April 7, 2006, and
this dividend payment is to be made on May 25, 2006.
The annual dividend when combined with the interim dividends
paid during the year 2005 will be Baht 0.45 per share,
totaling of Baht 900,000,000.
- carry forward as unappropriated retained earnings
Baht 393,038,672.
5. Re-elected Mr.Prachum Maleenont, Ms.Nipa Maleenont, and
Ms.Amphorn Maleenont whose tenure has just ended, back as
director of the Company for another term, and approved the
remuneration of directors for the year 2006 at the same as
last year's as follows:
1.) Meeting allowance
- Allowance for each meeting of the Board of Directors,
shall be fixed at 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 and
any sub-committee shall be fixed at Baht 4,000 for
each member per each meeting.
The meeting allowance of the year 2006 should be
within Baht 500,000.
2.) Remuneration of Baht 12 million for all the directors
during the year 2006, to be allocated among the directors
as they deem appropriated.
6. Appointed Mr.Chaiyakorn Aunpitipongsa and/or Mr.Apiruk Ati-anuwat
of Dr.Virach & Associates Office, as the Company's auditor for
the year 2006, and fixing audit fee for the year 2006 for the
group at the amount of Baht 4,990,000 which the Company's part
is Baht 1,080,000.
Please be informed accordingly.
Yours faithfully,
(Mr. Chatchai Thiamtong)
Vice President - Finance