March 25th, 2003
Subject: Submission of the Company's Revised Financial Statement
To : Secretary - General
The Office of Securities and Exchange Commission, Thailand
Director of Security Registration Department
We, The Union Mosaic Industry Public Company Limited would like to sent you the Company's
Revised Financial Statement as at December 31st, 2002 that has been reviewed by the Certified
Public Accountant.
And we would like to explain as follows:
1. The Company's auditors, which is the Certified Public Account, has examined the validity of
information in our subsidiaries' Financial Statement and set up additional reserve according to
the same accounting standard as the Company.
2. As for the value's assessment of machines, the Company has hired the experts from the
machines suppliers to tiles' manufacturers in Thailand to make an assessment on the Company's
machines that have not been used. And the machines' assessment has been submitted to the
Company's auditors.
3. The total receivable, which is not the same as the information in Financial Statement, the
Company has already corrected it. And the information on Loan from Directors of subsidiaries
has been forward to the Company's auditors.
As for the measurement to prevent this incident to happen in the future, the Company has instructed
subsidiaries to follow strictly the same accounting standard as the Company in making the
preparation for the Financial Statement.
Sincerely yours,
( Mr. Charan Amorntirakul )
Vice President - Administrative
