Details of Announcement

General Announcement

Reference No C&-040625-524FC

Company Name	:	KIA LIM BERHAD
Stock Name	:	KIALIM
Date Announced	:	25/06/2004


Type	:	Announcement
Subject	:	KIA LIM BERHAD ("KLB") ~ NINTH ANNUAL GENERAL MEETING

Contents :

On behalf of the Board of Directors of KLB, we are pleased to announce that at the Ninth Annual General Meeting of the Company today, all resolutions were approved, including the re-election of the following Directors:-
a) Tan Seng Kee
b) Loh Chee Kan
c) Ng Yam Puan @ Ng Ah Bah

The Board of KLB presently comprises the following Directors: -

Datuk Ng Eng Sos @ Bah Chik - Chairman & Managing Director
Datuk Ariss Bin Samsudin - Vice Chairman & Executive Director
Ng Yeng Keng @ Ng Ka Hiat - Executive Director
Tan See Chip - Executive Director
Ng Chin Kang - Executive Director
Dr Ng Yam Puan @ Ng Ah Bah - Non-Executive Director
En Mohd Salleh Bin Jantan - Independent Non-Executive Director
Loh Chee Kan - Independent Non-Executive Director
Tan Seng Kee - Independent Non-Executive Director
Chua Syer Cin - Independent Non-Executive Director

The present Audit Committee Members are as follows:-

Loh Chee Kan - Chairman (Independent Non-Executive Director)
Tan Seng Kee - Member (Independent Non-Executive Director)
Chua Syer Cin - Member (Independent Non-Executive Director)
Ng Yeng Keng @ Ng Ka Hiat - Member (Executive Director)

Also, approved the following resolution under Special Business:-

SPECIAL BUSINESS

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 Bursa Malaysia Securities Berhad and that such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company."

ORDINARY RESOLUTION 2
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 2.1.1, of the Circular to Shareholders dated 26 May 2004 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 be 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") 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 comtemplated and/or authorised by this resolution."

ORDINARY RESOLUTION 3
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 2.1.2, of the Circular to Shareholders dated 26 May 2004 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 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."

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