Changing Chairman of Audit Committee

BackNov 14, 2006

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