The translation
With reference to the Company’s financial statements for the period ending 30th June
2011 submitted to SET on 15th May 2011. The net loss attributable to the equity holders of the Company for the period ending 30th June 2011 was Baht 597.11 million compared to the same period of previous year which the net loss attributable to the equity holders of the Company in the consolidated financial statement was Baht 88.75 million. This was an increase of loss by 572.77%.The Company wishes to explain the reason contributing to the loss of more than 20% which was mainly from the provision for the penalty charged to a Subsidiary. The management of the Subsidiary believes they will have adequate justification to be able to get the partial or full refund of the penalty. Currently this is in the process of consideration by the Government Enterprise. Losses were also due to the increase of administrative expenses from the pre-bid expenses and the increase of administrative expenses of mining subsidiaries. In addition, in this period the Company had no revenue from the reversal of allowance for impairment of assets and no gain on convertible debentures buyback and cancellation.