May 15, 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 first quarter ended March 31, 2001 that have been reviewed 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
