14th November, 2006
Subject Changing Chairman of Audit Committee
Attention The President, the Stock Exchange of Thailand
To follow the Principles of Good Corporate Governance that the chairman of the board should not be either a chairman or a member of any committee, the Board of Directors' Meeting of Asian Property Development PLC., held on 14th November, 2006 have resolved as following:
1.appoint Mr. Chatchaval Bhanalaph, independent director, the existing Chairman of the Board of Directors and Chairman of the Audit Committee, to be only Chairman of the Board of Directors;
2.appoint Dr.Naris Chaiyasoot, independent director to be Chairman of the Audit Committee.
As a result, the Audit Committee will be consisted of
Dr. Naris Chaiyasoot | chairman of the Audit Committee |
Mr. Siripong Sombutsiri | member of the Audit Committee |
Mr. Nontachit Tulayanonda | member of the Audit Committee |
Mr. Kosol Suriyaporn | member of the Audit Committee |
For your acknowledgement
Yours Faithfully,
Asian Property Development Plc.
Mr.Pichet Vipavasuphakorn
Managing Director