Royal Philips Electronics executive Chris Lui is thanked for the opportunity to visit his Beijing Philips Audio-Video Corporation operation. The general manager and his team are commended for their focus on the marketplace and profits. Success is wished for Lui and his team in the future. The letter is signed by an executive vice president and chief financial officer of Koninklijke Philips Electronics N.V.

1. PHILIPS
PHILIPS
Royal Philips Electronics
Mr Chris Y.H. Lui
General Manager
Beijing Philips Audio-Video Corporation
Bei Wa Lu, Western Outskirts
P.O. Box 8121
Beijing 10081
People's Republic of China
Executive Vice-President &
Chief Financial Officer
Ref: JH/99.068/lk
Date: 1999-03-25
Dear Chris,
Thank you for the opportunity that I had to meet you and see your operation in Beijing. The
focus that you and your team members have on the market place and the bottom Hne
demonstrates for the rest of us what the business is truly about.
Wishing you great success in the future.
Kind regards.
W E C Gold Medal Award for
Corporate international Environmen
Achievement, 1998.
Koninl<lijl<e Philips Electronics N.V.
BuildingHRT PC. Box 77900 1070 MX Amsterdam The Netherlands Tel:+3 I 20 59 77 142 Fax:+3 I 20 59 77 140 Trade Register No. 17001910