Result of Meeting

RNS Number:4466B
Tuntex (Thailand) PCL
2 April 2001


                                     NOTICE


                       to the Holders of the Outstanding


     U.S.$70,000,000 Floating Rate Notes due 1998 (extended to be due 2001)
                                    Issued by
                    Tuntex (Thailand) Public Company Limited

NOTICE IS HEREBY GIVEN to the holders of the above Notes that, at the Meeting of
such  holders  held at the offices of Clifford Chance, 29/F Jardine  House,  One
Connaught  Place, Central, Hong Kong at 8:30 a.m. (Hong Kong time) on  31  March
2001,  the  Extraordinary  Resolution set  out  in  the  Notice  of  Meeting  of
Noteholders previously notified to Noteholders in accordance with the  terms  of
the Agency Agreement for such Notes, and as set out below, was duly passed.

                            EXTRAORDINARY RESOLUTION

"That  this  meeting of the holders of the outstanding U.S.$70,000,000  Floating
Rate Notes due 1998 (extended to be due 2001) (the "Notes") of Tuntex (Thailand)
Public  Company  Limited  (the "Issuer") which are  the  subject  of  an  Agency
Agreement  dated  26  September 1995 (the "Original Agency Agreement")  between 
the Issuer,  Bankers Trust Company, Hong Kong Branch as fiscal agent  and 
principal paying  agent (the "Fiscal Agent", which expression shall include its
successor, Deutsche Bank AG, Hong Kong Branch) and Bankers Trust Company, London
Branch  as paying  agent  (which expression shall include its successor,
Deutsche  Bank  AG London and, together with the Fiscal Agent, the "Paying
Agents") as amended by a supplemental  fiscal agency agreement dated 21 December
1998 (the  "Supplemental Agency  Agreement" and together with the Original
Agency Agreement, the  "Agency Agreement")  and made between the Issuer, the
Paying Agents and  Yuhow  Chen  as guarantor, HEREBY RESOLVES THAT:

(1)   Condition 5(a) shall be deleted and replaced forthwith by the
      following:

"(a)  Final redemption

      Unless previously redeemed, or purchased and cancelled, the Notes
      will be redeemed at their principal amount on 31 May 2001."

(2)   For the avoidance of doubt any and all defaults and rights of acceleration
      accrued as a result of any failure to pay principal and interest on the   
      Interest Payment Date falling in March 2001 under Condition 8 (Events of  
      Default) as in effect prior to the coming into effect of this             
      Extraordinary Resolution and which would not give rise to a default or    
      right of acceleration under the new Condition 5(a) set out above, be and  
      are hereby waived."

Tuntex (Thailand) Public Company Limited

      31 March 2001

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