REPORTS HIRING CONTRACT TO CONSTRUCT THAI'S 2ND AIRVI

Sino-Thai Engineering & Construction Plc (STECON) reported the memorandum concerning the hiring contract to construct architecture works, structural works and other systematic works of 2nd airviation maintenance center at U-Tapao Airport, Rayong. The construction contract was made between the company and Thai Airways International Plc (THAI) with the total project value of Bt1,410,000,000. The project was located at U-Tapao Airport, Baanchang District, Rayong. The details of the memorandum are as follows: 1. Date of transaction : October 31, 1996 2. Related partner : Thai Airways International Plc 3. Project's owner : Thai Airways International Plc 4. Project's location : At U-Tapao Airport, Baanchang, Rayong 5. Project's value : Bt1,410,000,000 6. Project's details : Project is concerned with architecture, structural and other systems works. 7. Construction period : 430 days start from the operating day