Details of Announcement

General Announcement

Reference No C&-030605-57094

Company Name

:

KIA LIM BERHAD  

Stock Name

:

KIALIM  

Date Announced

:

05/06/2003  

Type

:

Announcement

Subject

:

NOTICE OF EIGHTH ANNUAL GENERAL MEETING

To receive and adopt the Audited Financial Statements for the year ended 31 December 2002 together with the Directors' and Auditors' Report thereon.

RESOLUTION 1

2.

To approve the payment of Directors' Fees for the year ended 31 December 2002.

RESOLUTION 2

3.

To re-elect the following Directors who retire in accordance with Article 80 of the Company's Articles of Association and being eligible, offer themselves for re-election:

i) Mr Ng Yeng Keng @ Ng Ka Hiat

ii) Mr Tan See Chip

iii) En Mohd Salleh Bin Jantan

RESOLUTION 3

RESOLUTION 4

RESOLUTION 5

4.

To re-appoint Messrs Ernst & Young as Auditors of the Company and authorise the Directors to fix their remuneration.

RESOLUTION 6

5.

SPECIAL BUSINESS

To consider and, if thought fit, to pass the following Ordinary Resolution:

ORDINARY RESOLUTION 1
AUTHORITY TO ALLOT SHARES - SECTION 132D

"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."

RESOLUTION 7

6.

To transact any other business appropriate to an Annual General Meeting.

A member of the Company entitled to attend and vote at the meeting shall not be entitled to appoint more than two proxies to attend and vote in his stead. Where a member appoints two proxies, the appointments shall be invalid unless he specifies the proportions of his holdings to be represented by each proxy.

2.

A proxy may but need not be a member of the Company and if the proxy is not a member of the Company, Section 149 of the Act shall not be applicable.

3.

Where a member is an authorised nominee as defined under The Securities Industry (Central Depositories) Act, 1991 it may appoint at least one proxy in respect of each Securities Account it holds with ordinary shares of the Company standing to the credit of the said Securities Account.

4.

The instrument appointing a proxy shall be in writing under the hand of the appointer or his attorney duly authorised in writing or if such appointer is a corporation under its common seal or the hand of its attorney.

5.

All forms of proxy must be deposited at the Registered Office of the Company situated at Suite 6.1A, Level 6, Menara Pelangi, Jalan Kuning, Taman Pelangi, 80400 Johor Bahru, Johor, Malaysia not less than forty-eight (48) hours before the time appointed for holding the Meeting.

Explanatory notes on Special Business:-

1. Resolution Pursuant to Section 132D of the Companies Act, 1965
The proposed resolution No. 7, if passed, will empower the Directors to issue shares in the Company up to an amount not exceeding in total 10% of the issued share capital of the Company for such purposes as the Directors consider would be in the interest of the Company. In order to avoid any delay and costs involved in convening a general meeting, it is thus appropriate to seek shareholders' approval.