COMPANY BACKGROUND

Looking back in time to 1956, Toyota Motor Thailand Co., Ltd.'s original business was established under the title, "Toyota Motor Sales Co., Ltd." It was the first Toyota company in Thailand, as well as the first Toyota company established overseas. The main business was importing passenger cars and commercial vehicles, i.e. TOYO-ACE, MS 40, DA, and LAND CRUISER. However, in 1962 having been awarded BOI investment promotion privilege certification as an automobile assembler, Toyota Motor Thailand CO.,LTD. was established on Surawong Road, with a registered capital of 11.8 Million Baht and initially, 13 dealers.

In 1964, the first automobile assembly plant was established at Samrong Nua, importing Completely Knocked Down (CKD)vehicles for reassembly, such as TOYOTA DYNA JK 170, TIARA, DYNA PUBLICA (UP 10), DA, and STOUT. A second plant followed
in 1975, at Samrong Tai, which was also equipped with a modern 10 Million Baht wastewater facility.

Both the industry-leading CATION E.D.P. (Electro Deposit Painting) system and the Swing Arm Auto Loading system wereinstalled in 1982, both technologies being remarkable firsts for Thailand's fledgling automobile industry. Toyota Motor Thailand CO.,LTD. moved its headquarters from Surawong Road to its Samrong Complex in 1988 and a third automobile assembly plant was built.This new plant incorporated a highly efficient and advanced technological production process with a production output of 100,000 vehicles per year.

In 1997, H.R.H. Princess Maha Chakri Sirindhorn graciously presided over the official opening ceremony of the Toyota Gateway Plant, recognized as one of the highest technologically advanced auto assembly plants in Southeast Asia. Built on 625 rai at
Gateway City in Plangyao District, Chachoengsao, Toyota Gateway manufactured the Toyota Soluna passenger car in a unique cooperative project between Thai engineers and Japanese designers.

For over 40 years, Toyota has put forth tremendous effort to identify the various needs of its customers, resulting in a dedicated commitment to fulfill the majority of these needs and achieve the highest level of customer satisfaction possible. This has
involved incorporating Toyota's top world-class manufacturing processes, the latest technologies, environment considerations, highquality services and human resource development.

The establishment of 7 subsidiary companies reflects Toyota's strong capability of being able to grow steadily and competeeffectively in all aspects of the automobile industry. In addition, it has continuously created a wide range of superior products with the latest technologies and services, including aggressive sales promotion activities. Each of the aforementioned have combined to achieve Toyota's ultimate goal of maximum customer satisfaction.

Another of Toyota Motor Thailand Co., Ltd.'s major commitments is its dedication to maintaining a continuous and effectivecontribution to Thai society. As far back as 1973, Toyota initiated a scholarship project offering scholarships to students at
Chulalongkorn and Thammasart Universities. Throughout its four decades in Thailand, Toyota Motor Thailand Co., Ltd. has been actively involved in numerous social development projects, including projects for technological training, environmental protection, promotion of good driving skills, as well as various sporting and entertainment projects. In 1992, to commemorate its 30th anniversary, the Toyota Thailand Foundation was founded for the purpose of promoting social development in areas of education, culture and the environment in Thailand. All of these activities of social development are a means for Toyota Motor Thailand Co., Ltd. to show its gratitude and pridein growing with, contributing to, and being a part of the Thai community.

Today, Toyota Motor Thailand Co., Ltd. has become one of the leading automobile manufacturers in Thailand, with a current registered capital of 7,520 Million Baht, productivity of 240,000 vehicles a year, and personnel numbering over 5,000, including an 88 - dealer network with 238 showrooms nationwide.

For the past 40 years, Toyota Motor Thailand Co., Ltd.'s achievements can be attributed to its Thai customer base which has consistently placed its trust and confidence in the company and its products. To illustrate its gratitude and as a sign of its appreciation for this remarkable display of customer loyalty, Toyota Motor Thailand Co., Ltd. has renewed its commitment to continuous product development to ensure maximum customer satisfaction.