Details of Announcement

General Announcement

Reference No C&-020613-3223F

Company Name	:	KIA LIM BERHAD
Stock Name	:	KIALIM
Date Announced	:	13/06/2002


Type	:	Announcement
Subject	:	KIA LIM BERHAD ("KIA LIM") - EXTRAORDINARY GENERAL MEETING

Contents :

On behalf of the Board of Directors of Kia Lim Berhad, we are pleased to announce that at the Extraordinary General Meeting of the Company held today, the following resolutions were approved by the shareholders:-

ORDINARY RESOLUTION
PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

THAT approval be and is hereby given to the Company and/or its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature with related parties mentioned under Section 2.1, Part A of this Circular to Shareholders dated 22 May 2002 which are necessary in the ordinary course of business of the Company and its subsidiaries for day-to-day operations and on normal commercial terms which are not more favourable to the related parties than those available to the public and not detrimental to the minority shareholders of the Company and such approval shall continue to be in force until:

(a) the conclusion of the first Annual General Meeting ("AGM") of the Company following the forthcoming Extraordinary General Meeting ("EGM") at which such Proposed Shareholders' Mandate was passed, at which time will lapse unless by ordinary resolution passed at an AGM whereby the authority is renewed, either unconditionally or subject to conditions;
(b) the expiration of the period within which the next AGM of Company after the date it is required to be held pursuant to Section 143(1) of the Companies Act, 1965 ("Act") (but shall not extend to such extension as may be allowed pursuant to Section 143(2) of the Act); or
(c) revoked or varied by resolution passed by the shareholders in an AGM or EGM,

whichever is earlier;

THAT for the avoidance of doubt, all such transactions entered into by the Company or its subsidiaries with a director, substantial shareholder or persons connected to with a director or substantial shareholder of the Company from 1 June 2001 to the date of this resolution as listed in Section 2.1, Part A of this Circular dated 22 May 2002 be and hereby approved and ratified FURTHER THAT the Directors of the Company be authorised to complete and do all such acts and things as they may consider expedient or necessary to give effect to the Proposed Shareholders' Mandate.

AND THAT the Directors and/or any of them be and are hereby authorised to complete and do all such things (including executing such documents as may be required) to give effect to the transactions contemplated and/or authorised by this resolution.

SPECIAL RESOLUTION
PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF KIA LIM BERHAD

THAT the alterations, modifications, additions and deletions to the Memorandum and Articles of Association as set out in Appendix I of the Circular to Shareholders dated 22 May 2002 be and are hereby approved.

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