The Board of Directors of Minor Corporation Public Company Limited would like to inform SET the summary of resolutions of the Board of Directors Meeting No. 1/2550 held on 8 March 2007 as follows:

 
 

1. Approved the company's statement of profit and loss for the year 2006 and balance sheets as at December 31, 2006, to propose to the Shareholders' Meeting for approval.

2. Approved dividend payment for the year 2006 performance to propose to the Shareholders' Meeting for approval as cash dividend of Baht 0.15 per share to the existing shareholders holding not exceeding 485,828,126 common shares in the amount of not exceeding of Baht 72,874,218.90. The Company will withhold the tax at the rate of 10% and distributes the dividends which net equivalent to the amount of Baht 0.135 per share to the shareholders.

3. Regarding the appointment of directors who would be retired by rotation as follows
1) Mr. Prakit Pradipasen
2) Mr. Kasem Narongdej
3) Mrs. Patamawalai Ratanapol.
The Board of Directors approved the re-elect of Mr.Prakit Pradipasen and Mr. Kasem Narongdej to be directors and elected Mr. Matthew Kichodhan to be a director in place of Mrs. Patamawalai Ratanapol to propose to the Shareholders' Meeting for approval.

4. Approved the remuneration of directors to propose to the Shareholders' Meeting for approval as follow.
Executive DirectorBaht 200,000 per annum
Non Executive Director:Baht 75,000 per quarter meeting
 Baht 5,000 per any other meeting
Member of Audit Committee Chairman:Baht 30,000 per meeting
Member: Baht 15,000 per meeting
Member of Compensation Committee:Baht 50,000 per annum
Member of Nomination Committee:Baht 50,000 per annum

5 Approved the appoint an auditor for the year 2007 and fixing the auditing fee Audit Committee the Board of Directors to propose to the Annual general Meeting of the Shareholder No.14/2550 to appoint;
1. Mrs.Anothai Leekitwattana C.P.A No.3442
2. Mrs.Nattaporn Phan-UdomC.P.A No.3430
3. Mr.Prasit Yuengsrikul C.P.A No.4174
4. Mr.Suchart Luengsuraswat C.P.A No.2807
of PricewaterhouseCoopers ABAS Limited be appointed as the Company's auditors and that any one being authorized may conduct the audit and express an opinion on the annual financial statements of the Company and its subsidiaries. The Meeting should approve to fix the auditing fee for the year 2007 for the Company of not more than Baht 350,000.

6. Approve the amendment to Clause 9 (2) and addition of Clause 45 of the Articles of Association to propose to the Annual general Meeting of the Shareholder No.14/2550 for approval
Previous Clause 9 Shares of the Company are freely transferable without restrictions except;
(2) The transfer of shares causes that foreigner(s) holding shares in the Company more than forty percent.
New: Clause 9 Shares of the Company are freely transferable without restrictions except;
(2) The transfer of shares causes that foreigner(s) holding shares in the Company more than forty percent of the paid-up capital.
And  
Previous: Clause 45    -
New: Clause 45 In case the Company assigns the Thailand Securities Depository Co.,Ltd (TSD) as its registrar, all the registration procedure shall be as specified by the registrar.

7. Approved that the Annual General Meeting of Shareholders No. 14/2007 be held on 12 April 2007, 13.30 hrs, at the Four Season Hotel, Bangkok, with the follows;
Agenda 1 To adopt the Minutes of the Annual General Meeting of Shareholders No. 13/2006 held on April 18, 2006
Agenda 2 To consider and approve the Company Annual Report and the Board of Directors Report re the Company's annual performance
Agenda 3 To consider and approve the Company Balance Sheet, Profit and Loss Statement, Statement of Retained Earnings and Cash Flow Statement for the year ended 31 December 2006.
Agenda 4 To consider and approve the allocation of profit and dividend payment
Agenda 5 To consider and elect directors to succeed those completion their term
Agenda 6 To consider and approve fix directors’ remuneration for the year 2007
Agenda 7To consider and appoint the auditor and fix the auditing fee for the year 2007
Agenda 8To consider and approve the amendment to Clause 9(2) and additional of Clause 45 of the Article of Association
Agenda 9 Other Business (if any)

8. The date of closing the Company shares register for the right to attend the Annual General Meeting of Shareholder No. 14/2550 will be on 23 March 2007 at 12.00 hrs until the completion of the meeting and closing the Company shares register for the right to receive dividend on April 20, 2007 at 12.00 hrs and dividend will be paid on May 10, 2007.