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Notice Of Annual General Meeting And Book Closure Date

BackApr 02, 2002

Notice is hereby given that the Third Annual General Meeting of the Company will be held at No. 71 Jalan Lekar, Singapore 698950 on Thursday, 18 April 2002 at 11.00 a.m. to transact the following business: -

Ordinary Business
1 To receive and adopt the Directors' Report and Audited Accounts for the financial year ended 31 December 2001 and the Auditors' Report thereon. [Resolution 1]
2 To declare a first and final dividend of 6% per ordinary share less 24.5% Singapore income tax for the financial year ended 31 December 2001. [Resolution 2]
3 To re-elect Mr Yap Ah Seng Alvin who is retiring in accordance with Article 89 of the Company's Articles of Association, as Director of the Company. [Resolution 3]
4 To approve fees for the Independent Directors of an aggregate sum of $20,000 for the financial year ended 31 December 2001. [Resolution 4]
5 To re-appoint Messrs Arthur Andersen as Auditors and to authorise the Directors to fix their remuneration. [Resolution 5]
6 To transact any other business that may be transacted at an Annual General Meeting. [Resolution 6]
Special Business
7 To consider and, if thought fit, to pass the following as Ordinary Resolution, with or without modifications: -

Ordinary Resolution: -
Mandate to authorise the directors to issue shares

"That pursuant to Section 161 of the Companies Act, Cap. 50 and the Listing Manual of Singapore Exchange Securities Trading Limited ("SGX-ST"), the Directors be empowered to allot and issue new shares in the Company at any 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 to be issued pursuant to this Resolution does not exceed 50% of the issued share capital of the Company for the time being, of which the aggregate number of such shares to be allotted and issued other than on a pro-rata basis to all shareholders shall not exceed 20% of the issued share capital of the Company for the time being, and that, unless revoked or varied by the Company in general meeting, such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company or the date by which the next Annual General Meeting of the Company is required by law to be held, whichever is the earlier". [See Explanatory Note]		 [Resolution 7]


By Order of the Board


Lai Chin Yee
Company Secretary
Singapore
2 April 2002

Explanatory Note:

The ordinary resolution proposed in item 7 above, if passed, will empower the Directors of the Company from the date of the above Meeting until the next Annual General Meeting to issue and allot new shares in the Company up to an amount not exceeding in aggregate fifty (50) percent of the issued share capital of the Company for the time being. For issue of shares other than on a pro-rata basis to existing shareholders, the aggregate number of shares to be issued shall not exceed twenty (20) per cent of the issued share capital of the Company for the time being for such purposes as they consider would be in the interests of the Company. This authority will, unless revoked or varied at a General Meeting, expire at the next Annual General Meeting of the Company.

Notes:

1 A member of the Company entitled to attend and vote at the Annual General Meeting may appoint not more than two proxies to attend and vote on his behalf and where a member appoints more than one proxy, he shall specify the proportion of his shareholding to be represented by each proxy. A proxy need not be a member of the Company.
2 The instrument appointing a proxy or proxies must be deposited at the registered office of the Company at No. 71 Jalan Lekar, Singapore 698950 not less than 48 hours before the time set for the Annual General Meeting.
3 If the member is a corporation, the instrument appointing the proxy must be executed under its common seal or signed on its behalf by an attorney duly authorized in writing or a duly authorized officer of the corporation.


NOTICE OF BOOK CLOSLURE AND DIVIDEND PAYEMNT DATES

Notice is hereby given that the Share Transfer Books and Register of Members of the Company will be closed on 30 April 2002 for the preparation of dividend warrants.

Duly completed registrable transfers received by the Company's Share Registrar, M & C Services Private Limited, 138 Robinson Road #17-00 The Corporate Office, Singapore 068906 up to 5.00 p.m. on 29 April 2002 will be registered to determine shareholders' entitlements to the said dividend.

Members whose Securities Accounts with The Central Depository (Pte) Ltd are credited with shares at 5.00 p.m. on 29 April 2002 will be entitled to the proposed dividend.

The proposed dividend, if approved by the members at the Third Annual General Meeting to be held on 18 April 2002, will be paid on 10 May 2002.

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