August 14, 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 Statement for the second quarter ended June 30,2001 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
