May 15, 2002
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 first quarter ended March 31,2002 that have been reviewed by the Certified Public
Accountant. Our financial statement present net loss.
We would like to explain that matter as follows:
Our performance present a net loss due to the economic difficulties and high competition situation.
Sincerely yours,
( Mr.Charan Amorntirakul )
Vice President - Administrative
