Details of Announcement

General Announcement

Reference No C&-000516-5EB2A

Company Name	:	KIA LIM BERHAD
Stock Name	:	KIA LIM
Date Announced	:	16/05/2000


Type	:	Announcement
Subject	:	KIA LIM BERHAD (KIA LIM) - FIFTH ANNUAL GENERAL MEETING

Contents :

On behalf of the Board of Directors of KIA LIM Berhad, we are pleased to announce that at the Fifth Annual General Meeting of the Company held today, all resolutions were unanimously approved, including the re-election of the following Directors pursuant to Article 80 of the Company's Article of Association :

1) Mr Ng Yeng Keng @ Ng Ka Hiat
2) Mr Ng Chuan Kim @ Ng Yan Chong
3) Mr Tan See Chip

The Board of KIA LIM presently comprises the following Directors:

1) Datuk Ng Eng Sos @ Bah Chik (Chairman/Managing Director)
2) Ariss bin Samsudin (Vice Chairman/Executive Director)
3) Ng Yeng Keng @ Ng Ka Hiat (Executive Director)
4) Ng Chuan Kim @ Ng Yan Chong (Executive Director)
5) Tan See Chip (Executive Director)
6) Ng Yam Puan @ Ng Ah Bah (Non-Executive Director)
7) Tan Seng Kee (Non-Executive Director)
8) Loh Chee Kan (Non-Executive Director)
9) Mohd Salleh bin Jantan (Non-Executive Director)

The present Audit Committee members are as follows:

1) Loh Chee Kan (Chairman- Independent Non-Executive Director)
2) Ng Yeng Keng @ Ng Ka Hiat (Executive Director)
3) Tan Seng Kee (Independent Non-Executive Director)

Also unanimously approved were the resolutions under Special Business :-

1. The Ordinary Resolution pertaining to the authority to issue and allot shares pursuant to Section 132D of the Companies Act, 1965 i.e.

“THAT pursuant to Section 132D of the Companies Act, 1965 and subject to the approval of the relevant authorities, the Directors be and are hereby empowered to issue shares in the Company from time to time and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit provided that the aggregate number of shares issued pursuant to this resolution does not exceed 10 % of the issued share capital of the Company for the time being and that the Directors be and also empowered to obtain approval for the listing of and quotation for the additional shares so issued on the Kuala Lumpur Stock Exchange and that such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company.”

2. The Ordinary Resolution in relation to the approval and ratification of transactions pursuant to Section 132E of the Companies Act, 1965 i.e.

"THAT in accordance with Section 132E of the Companies Act, 1965, authority be and is hereby given to the Company or its related corporations to enter into arrangements or transactions with the Directors of the Company or any person connected with such Directors (within the meaning of Section 122A, Companies Act, 1965) whereby the Company or its related corporations may acquire from or dispose to such Directors or connected persons non-cash assets including but not limited to capital equipment and related machineries and/or any other assets or products of the Company or its related corporations provided that such acquisitions or disposals are on commercial terms and in the ordinary course of business, such authority will continue to be in force until the conclusion of the next Annual General Meeting and THAT for the avoidance of doubt, any such transactions entered into by the Company or its subsidiaries with the Directors or connected persons prior to the date of this resolution be and are hereby approved and ratified.”

c.c. Securities Commission
KIA LIM BERHAD

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