Clarification of Connected Transaction

BackNov 10, 2005

 

Subject :     Clarification of Connected Transaction
        To      :     President of the Stock Exchange of Thailand
        
        Rayong Purifier (Public) Co. (RPC) reported that in the Board of
        DirectorsMeeting No.6/2005 held on Wedsday 9th Novenber, 2005  the
        Board resolved to  the connected transaction in financial statement
        as of  September 30, 2005, the Company would like to inform details
        of     this transaction  as follows :
        
        1. Transaction Date           : September  01, 2005
         
        2. The Parties involved
           Service recipient /Payer   : SCT Sahaphan Co.,Ltd. (SAP)
           Service provider /Payee    : Rayong Purifier Plc. (RPC)
        
        3. General Characteristic of Transaction
           -Category of Transaction :Professional and Management service Fees
        
        4. Detail of Services        :   Management services
                                       - Finance and Accounting, Human
                                         Resource, Marketing ,Information
                                         Technology
         
        5. Value of Transaction      :   Baht 2,000,000
        
        6. Term of payment           :   Cash
        
        7. In Term of Related Party Basic  :  Above transaction was of
                                               volume overBaht 1Million  but
         
                                             less than Baht 20 Million
        
        8. Details of connecting persons and parties involved       :
         
           Mr. Sumitr  Chanmethee     :   Existing  RPC's Director and SAP's
                                          Director
        
           Mrs. Siraporn  Krishnakan   : Existing  RPC's Management and
        SAP's Director
         
         
           Ms. Kanokporn Jarukulvanich  : Existing  RPC's Management  and
        SAP's
                                          Director
        
        
        9. Benefits from this transaction
        
        Rayong Purifier Public Company Limited have knowledge, skilled, and
        experienced human resources to provide these services; moreover,
        these services generates additional income  to the company, apart
        from normal business.
        
        10. Opinions of the Company's Board of Directors and Audit Committee
        
        In the Board of Directors Meeting No. 6/2005 on November 9, 2005,
        the Board of Directors had approved this connected transaction.In
        this agenda, Mr.Sumit Chanmatee, Director who is the connected
        person, is abstaintion.
         
        In the Audit Committee meeting No. 4/2005 on November 9, 2005, the
        Audit Committee agreed with this connected transaction and
        considered that the service fee is reasonable in accordance with
        the work performed.
        
        
        The company hereby reports to the SET accordingly.
        
        
        
        Sincerely yours,
        
        
        
        Mrs. Siraporn  Krishnakan
        Assistant to Managing Director
        
        
        Investor Relations / Managing Director Office
        Tel. 0-25158671   e-mail ir@rpcthai.com