Padaeng Industry Plc. (PDI) summarized shareholders' resolutions made at the annual ordinary meeting as of 1997 held on April 30, 1997 as follows: 1. To approve the balance sheets and profit/loss statements for the year ended December 31, 1996 2. To reappoint 4 of the 5 directors who retired by rotation - Mr. Dumrong Krisanamara, Mr. Paron Isarasena Na Ayudhya, Mr. Jirayu Isarangkur Na Ayudhya, amd Mr. Nopadol Mantajit - as the company's directors for another term, and to leave the position of Mr. Teerachai Riensapdee, who retired by rotation and resigned on April 14, 1997, vacant until the board can find a suitable person to be proposed for shareholders' approval for appointment as director The authority of directors was specified as follows: "To sign on behal of the company, either Mr. Bodi Chunnanon, president, or Mr. Arsa Sarasin, executive president, signs along with the company's seal, or any two other directors co-sign along with the company's seal." Director meeting fee was approved unchanged while there will be no director bonus for the year 1996. 4. To appoint Mr. Termsak Krisanamara and/or Ms. Jirawan Prapasanobol, CPA license no. 1106 and 3005 respectively, of Deloitte Touche Thomatsu Jaijos as the company's auditor for the year 1997 for a total auditing remuneration, including yearly auditings and 3 quarterly reviews, of Bt537,000