REAPPOINTS DIRECTORS, PRESIDENT & EXECUTIVE PRESIDENT
Padaeng Industry Plc (PDI) quoted the resolution made at its board
of directors' meeting no.7/1996 held on December 19, 1996 as saying that
it had reappointed Mr. Bodi Chunnanon and Mr. Kosit Panpiamrut to attain
their former positions as directors (Mr. Bodi and Mr. Kosit has
previously resigned to attain political positions since May 27 and
September 27, 1996 respectively). The board also appointed Mr. Bodi as
the president and Mr. Khosit as executive director.
After they had been appointed to return to fill the vacancies,
company determine their renewed authority in signatory as follows:
"This is to authorise Mr. Bodi Chunnanon (president) or Mr.A-Sa
Sarasin (executive president) or Mr. Theerachai Riansubdee (managing
director) to solely sign along with appendage of the company's common
seal or any two of other directors to co-sign along with appendage of the
company's common seal."