March 1, 2001
Subject : Explanation of financial statement
To : Secretary - General
The Office of Securities and Exchange Commission , Thailand
Attn. : Managing Director
The Corporate Finance Department
We, The Union Mosaic Industry Public Company Limited have sent you the company's financial
Statements for the year ended December 31, 2000 that have been audited by the Certified Public
Accountant. Our financial statement present net loss.
We would like to explain that matter as follows:
1. Our performance present a net loss due to the economic difficulties and high competition situation.
2. Loss from exchange rate.
Sincerely yours,
(Miss Paweena Laowiwatwong)
President
