Details of Announcement

General Announcement

Reference No CU-030709-59214

Submitting Merchant Bank	:	ASEAMBANKERS MALAYSIA BERHAD
Company Name	:	KIA LIM BERHAD
Stock Name	:	KIALIM
Date Announced	:	09/07/2003


Type	:	Announcement
Subject	:	Kia Lim Berhad ("KLB" or the "Company") - Propsoed Renewal of Shareholders' Mandate For Recurrent Related Party Transactions of A Revenue or Trading Nature; and - Propsoed New Shareholders' Mandate For Recurrent Related Party Transactions of A Revenue or Trading Nature

Contents :

NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Members of Kia Lim Berhad ("the Company") will be held at Dewan Okid, 2nd Floor, Hotel Carnival, 2, Jalan Fatimah, 83000 Batu Pahat, Johor Darul Takzim on 25 July 2003 at 11.00 a.m. for the purpose of considering and, if thought fit with or without modifications, passing the following resolutions:-

ORDINARY RESOLUTION 1
PROPOSED RENEWAL OF THE EXISTING 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, of the Circular to Shareholders dated 10 July 2003 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 next Annual General Meeting ("AGM") of the Company following the forthcoming Extraordinary General Meeting ("EGM") at which such Proposed Renewal Of The Existing Shareholders’ Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature 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 the 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;

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."

ORDINARY RESOLUTION 2
PROPOSED SHAREHOLDERS’ MANDATE FOR NEW 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, of the Circular to Shareholders dated 10 July 2003 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 next AGM of the Company following the forthcoming EGM at which such Proposed Shareholders’ Mandate For New Recurrent Related Party Transactions Of A Revenue Or Trading Nature 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 the Company after the date it is required to be held pursuant to Section 143(1) of the 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;

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."

By Order of the Board

Leong Oi Wah (MAICSA NO. 7023802)
Leong Siew Foong (MAICSA NO. 7007572)

Company Secretaries
Johor Bahru
10 July 2003

Notes:-
(1) A member of the Company entitled to attend and vote at the Meeting is entitled to appoint one or more proxies to attend and vote in his stead. A proxy may but need not be a member of the Company and a member may appoint any person to be his proxy without limitation and the provisions of Section 149(1)(a), (b), (c) and (d) of the Act shall not apply to the Company.

Shareholders’ attention is hereby drawn to the Listing Requirements of the Kuala Lumpur Stock Exchange, which allows a member of the Company who is an authorised nominee as defined under the Securities Industry (Central Depositories) Act, 1991, to appoint at least one (1) proxy in respect of each securities account it holds with ordinary shares of the Company standing to the credit of the said securities account.

(2) Where a holder appoints two or more proxies, the appointments shall be invalid unless he specifies the proportions of his holdings to be represented by each proxy.

(3) The instrument appointing a proxy shall be in writing under the hand of the appointor or of his attorney duly authorised in writing or if the appointor is a corporation, either under its seal or under the hand of an officer or attorney duly authorised.

(4) The instrument appointing a proxy must be deposited at the Registered Office of the Company at Suite 6-1A, Level 6, Menara Pelangi, Jalan Kuning, Taman Pelangi, 80400 Johor Bahru, Johor Darul Takzim, not less than forty-eight (48) hours before the time appointed for holding the Meeting or any adjournment thereof.

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