February 29 , 2000.
To : Managing Director
The Stock Exchange of Thailand.
We, The Union Mosaic Industry Public Company Limited, have sent you the company's audited financial
statements for the year ended December 31, 1999. Our financial statements present a net loss. We
would like to point out the reasons as following :
1. We are facing not only economic crisis in Thailand, but a high competition as well.
2. We have loss on exchange rate.
3. This period , We have the impairment of Assets.
Sincerely yours,
(Miss Paweena Laowiwatwong)
President.
