August 4th, 2003
Subject : Additional Explanation on the Company' s Compensation of Retained Loss.
To : The President
The Stock Exchange of Thailand (SET).
The resolution of the Board of Directors of the Union Mosaic Industry Public Company
Ltd. (UMI) held on July 29th, 2003 reported in the meeting's topic no. 2 about the schedule of the
Extraordinary General Meeting of Shareholders No. 1/2003. And in the agenda no. 4 of the
Extraordinary General Meeting of Shareholders No. 1/2003 has notified the following statement " To
consider the transfer of premium on share capital amount 498,000,000.00 Baht to retained earnings
(deficit) account in order to compensate for accumulated loss of the Company".
The Company would like to explain that the resolution of the Board of Directors is to
transfer legal reserve amount 32,000,000 Baht to retained earnings (deficit) account first, then after that
transferring of premium on share capital account will be made. And in order to clarify this matter the
Company will add the transferring of legal reserve account in agenda no.4 of the meeting as the
followings:
- Retained loss ( unappropriated ) as of January 1st, 2002 (1,095,210,289.50)
- Less legal reserve 32,000,000.00
- Less premium share capital 498,800,000.00 530,800,000.00
- When reserve and premium have been transfered for deduction
Retained loss (unappropriated ) (564,410,289.50)
For your information and acknowledgement.
Yours sincerely,
Miss Paweena Laowiwatwong
President
The Union Mosaic Industry Public Company Ltd.
