【KEINHIN 7199 交流专区】建兴国际

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	KEIN HING INTERNATIONAL BERHADRelated Party Transaction
Introduction On behalf of the Board of Directors, we wish to make an announcement pertaining to a related party transaction (“RPT”) made between Kein Hing Muramoto (Vietnam) Co., Ltd (“KHMV”) and Kein Hing Industry Sdn Bhd (“KHI”) on 12 January 2018 in accordance with paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”). On 12 January 2018, KHMV has issued a Purchase Order for the purchase of used machines from KHI for a cash consideration of US Dollars 18,000 (approximately RM73,800) (“the Said Purchase”). Please refer to the attachment for details of the announcement. This Announcement is dated 12 January 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5663121

Attachments KHIB-RPT Announcement (12.1.2018).pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jan 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jan 2018	31 Jan 2017	31 Jan 2018	31 Jan 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	59,845	53,024	182,015	164,427
2	Profit/(loss) before tax	632	2,533	4,630	8,924
3	Profit/(loss) for the period	103	2,281	3,152	6,417
4	Profit/(loss) attributable to ordinary equity holders of the parent	-656	1,922	1,436	5,393
5	Basic earnings/(loss) per share (Subunit)	-0.60	1.94	1.32	5.45
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9700		1.0900

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Type	Announcement
Subject	OTHERS
Description	PROPOSED ACQUISITION BY KEIN HING INTERNATIONAL BERHAD (KHIB) OF CHARTER CAPITAL AMOUNTING TO USD528,000 IN KEIN HING MURAMOTO (VIETNAM) CO., LTD (KHMV), REPRESENTING 24% EQUITY INTEREST IN KHMV FROM MR SHINGO MURAMOTO (VENDOR) FOR A CASH CONSIDERATION OF USD1,100,000 (PROPOSED ACQUISITION)
The Board of Directors of KHIB (“Board”) wishes to announce that the Company had on 26 June 2018 entered into a conditional transfer agreement (“Transfer Agreement”) with the Vendor for the acquisition of charter capital in KHMV (“Charter Capital”) amounting to USD528,000 (“Transfer Capital”) representing 24% equity interest in KHMV for a cash consideration of USD1,100,000 (“Purchase Consideration”) subject to the terms and conditions in the Transfer Agreement ("the Said Announcement"); a copy of which is attached herewith. In view of the interests of the Vendor as set out in Section 8 of the said Announcement, the Proposed Acquisition is a related party transaction pursuant to Paragraph 10.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”) which is subject to Shareholders' approval. For further details on the Proposed Acquisition, please refer to the said Announcement.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5835381

Attachments 20180626 - Announcement - RPT (clean).pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2018	30 Apr 2017	30 Apr 2018	30 Apr 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	56,307	55,558	238,322	219,985
2	Profit/(loss) before tax	1,034	1,666	5,664	10,590
3	Profit/(loss) for the period	226	1,881	3,378	8,298
4	Profit/(loss) attributable to ordinary equity holders of the parent	317	1,657	1,753	7,050
5	Basic earnings/(loss) per share (Subunit)	0.29	1.67	1.61	7.12
6	Proposed/Declared dividend per share (Subunit)	1.00	1.50	1.00	1.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9700		1.0900

icy97

Type	Announcement
Subject	OTHERS
Description	KEIN HING INTERNATIONAL BERHAD ("KHIB" OR "THE COMPANY") - PROPOSED FIRST AND FINAL SINGLE TIER DIVIDEND OF 1.0 SEN PER SHARE FOR THE FINANCIAL YEAR ENDED 30 APRIL 2018
The Company wishes to announce that the Board of Directors had resolved today to recommend a First and Final Single Tier Dividend of 1.0 sen per share in respect of the financial year ended 30 April 2018, subject to the approval of shareholders at the forthcoming Fifteenth Annual General Meeting. The date of entitlement and date of payment in respect of the aforesaid dividend will be determined and announced in due course. The announcement is dated 29 June 2018.

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KEIN HING INTERNATIONAL BERHAD

EX-date	29 Oct 2018
Entitlement date	31 Oct 2018
Entitlement time	05:00 PM
Entitlement subject	First and Final Dividend
Entitlement description	First and Final Single-Tier Dividend of 1.0 sen per share
Period of interest payment	to
Financial Year End	30 Apr 2018
Share transfer book & register of members will be	31 Oct 2018   to   31 Oct 2018 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200Kuala LumpurTel:0327839299Fax:0327839222
Payment date	21 Nov 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	31 Oct 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.01

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	KEIN HING INTERNATIONAL BERHADPurchase of Used Machines made between Kein Hing Muramoto (Vietnam) Co., Ltd (KHMV) and Kein Hing Industry Sdn Bhd (KHI).
On behalf of the Board of Directors, we wish to make an announcement pertaining to a related party transaction (“RPT”) made between Kein Hing Muramoto (Vietnam) Co., Ltd (“KHMV”) and Kein Hing Industry Sdn Bhd (“KHI”) on 7 September 2018 in accordance with paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”). On 7 September 2018, KHMV has issued a Purchase Order for the purchase of used machines from KHI for a cash consideration of US Dollars 150,000 (approximately RM615,000) (“the Said Purchase”). Please refer to the attachment for details of the announcement. This Announcement is dated 7 September 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5909049

Attachments KHIB-RPT .pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2018	31 Jul 2017	31 Jul 2018	31 Jul 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	59,895	59,725	59,895	59,725
2	Profit/(loss) before tax	2,866	2,327	2,866	2,327
3	Profit/(loss) for the period	2,202	2,080	2,202	2,080
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,282	1,480	1,282	1,480
5	Basic earnings/(loss) per share (Subunit)	1.18	1.49	1.18	1.49
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9800		0.9700

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Date of change	23 Nov 2018
Name	MR SHINGO MURAMOTO
Age	71
Gender	Male
Nationality	Japan
Designation	Non Executive Director
Directorate	Non Independent and Non Executive
Type of change	Resignation
Reason	Resigned in Kein Hing International Berhad to focus his time and attention on Kein Hing Muramoto (Vietnam) Co., Ltd where he is a major shareholder and also a director.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No

Qualifications

Major/Field of Study

Institute/University

Additional Information

Working experience and occupation	He began his career with IBM Corp. Tokyo, Japan in the Marketing Department in 1970. He had held various positions throughout the twenty years with IBM Corp. Japan. His last position held was IT Manager before he left IBM Corp. Japan in 1990. Thereafter, he joined Muramoto Group in its headquarter in Kobe, Japan and was appointed as Director. In the year 2000, he was appointed as Managing Director of the Muramoto Group. He is also a director Kein Hing Muramoto (Vietnam) Co., Ltd
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest : 25% Direct Interest, representing USD 550,000 of the Charter Capital in Kein Hing Muramoto (Vietnam) Co., Ltd (a 75%-owned subsidiary of Kein Hing International Berhad)

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	Purchase of Used Machines made between Kein Hing Muramoto (Vietnam) Co., Ltd (KHMV) and Kein Hing Industry Sdn Bhd (KHI).
On behalf of the Board of Directors, we wish to make an announcement pertaining to a related party transaction (“RPT”) made between Kein Hing Muramoto (Vietnam) Co., Ltd (“KHMV”) and Kein Hing Industry Sdn Bhd (“KHI”) on 6 December 2018 in accordance with paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”). On 6 December 2018, KHMV has issued a Purchase Order for the purchase of used machines from KHI for a cash consideration of US Dollars 250,000 (approximately RM1,045,000) (“the Said Purchase”). Please refer to the attachment for details of the announcement. This Announcement is dated 6 December 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5998557

Attachments KHIB-RPT.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Oct 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Oct 2018	31 Oct 2017	31 Oct 2018	31 Oct 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	61,939	62,445	121,834	122,170
2	Profit/(loss) before tax	1,742	1,671	4,608	3,998
3	Profit/(loss) for the period	1,122	969	3,324	3,049
4	Profit/(loss) attributable to ordinary equity holders of the parent	811	612	2,093	2,092
5	Basic earnings/(loss) per share (Subunit)	0.74	0.62	1.92	2.11
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0200		0.9700

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jan 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jan 2019	31 Jan 2018	31 Jan 2019	31 Jan 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	56,946	59,845	178,780	182,015
2	Profit/(loss) before tax	1,766	632	6,374	4,630
3	Profit/(loss) for the period	965	103	4,289	3,152
4	Profit/(loss) attributable to ordinary equity holders of the parent	609	-656	2,702	1,436
5	Basic earnings/(loss) per share (Subunit)	0.56	-0.60	2.48	1.32
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0200		0.9700

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2019	30 Apr 2018	30 Apr 2019	30 Apr 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	56,564	56,307	235,344	238,322
2	Profit/(loss) before tax	1,743	1,034	8,117	5,664
3	Profit/(loss) for the period	824	226	5,113	3,378
4	Profit/(loss) attributable to ordinary equity holders of the parent	833	317	3,535	1,753
5	Basic earnings/(loss) per share (Subunit)	0.76	0.29	3.25	1.61
6	Proposed/Declared dividend per share (Subunit)	1.00	1.00	1.00	1.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0200		0.9700

icy97

Type	Announcement
Subject	OTHERS
Description	KEIN HING INTERNATIONAL BERHAD ("KHIB" OR "THE COMPANY") - PROPOSED FIRST AND FINAL SINGLE TIER DIVIDEND OF 1.0 SEN PER SHARE FOR THE FINANCIAL YEAR ENDED 30 APRIL 2019
The Company wishes to announce that the Board of Directors had resolved today to recommend a First and Final Single Tier Dividend of 1.0 sen per share in respect of the financial year ended 30 April 2019, subject to the approval of shareholders at the forthcoming Sixteenth Annual General Meeting. The date of entitlement and date of payment in respect of the aforesaid dividend will be determined and announced in due course. The announcement is dated 28 June 2019.

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KEIN HING INTERNATIONAL BERHAD

EX-date	30 Oct 2019
Entitlement date	31 Oct 2019
Entitlement time	04:00 PM
Entitlement subject	First and Final Dividend
Entitlement description	First and Final Single-Tier Dividend of 1.0 sen per share
Period of interest payment	to
Financial Year End	30 Apr 2019
Share transfer book & register of members will be	31 Oct 2019   to   31 Oct 2019 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200Kuala LumpurTel:0327839299Fax:0327839222
Payment date	21 Nov 2019
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	31 Oct 2019
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.01

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2019	31 Jul 2018	31 Jul 2019	31 Jul 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	58,834	59,895	58,834	59,895
2	Profit/(loss) before tax	2,149	2,866	2,149	2,866
3	Profit/(loss) for the period	1,379	2,202	1,379	2,202
4	Profit/(loss) attributable to ordinary equity holders of the parent	996	1,282	996	1,282
5	Basic earnings/(loss) per share (Subunit)	0.91	1.18	0.91	1.18
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0300		1.0200

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Oct 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Oct 2019	31 Oct 2018	31 Oct 2019	31 Oct 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	55,406	61,939	114,240	121,834
2	Profit/(loss) before tax	1,624	1,742	3,773	4,608
3	Profit/(loss) for the period	1,255	1,122	2,634	3,324
4	Profit/(loss) attributable to ordinary equity holders of the parent	986	811	1,982	2,093
5	Basic earnings/(loss) per share (Subunit)	0.91	0.74	1.82	1.92
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0400		1.0200

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Type	Announcement
Subject	OTHERS
Description	Kein Hing International Berhad (the Company or KHIB)Proposed Transfer of Assets
Introduction ----------------- On behalf of the Board of Directors of the Company, we wish to make an announcement pertaining to a transaction made between Kein Hing Industry Vietnam Co., Ltd (“KHIV”) and Kein Hing Muramoto (Vietnam) Co., Ltd (“KHMV”). On 22 February 2020, KHIV has entered into a Transfer of Assets attached to the Land Contract with KHMV for the proposed transfer of its land use rights and factory to KHMV for a total cash consideration of VND 112,888,000,000 (Vietnam Dong One Hundred and Twelve Billion Eight Hundred and Eighty-eight Million) only or equivalent to RM 20.0 million approximately (the “Transfer Price”) (hereinafter referred to as the “Proposed Transfer”). Information on KHIV ------------------------------------ KHIV is a corporation incorporated in Vietnam and is principally engaged in sheet metal forming, precision machining, manufacturing and fabrication of tools and dies and assembly of components, and sub-leasing of unused factory and warehouses. KHIV is a wholly-owned subsidiary of the Company. Information on KHMV ------------------------------- KHMV is a corporation incorporated in Vietnam and is principally engaged in sheet metal forming, precision machining and assembly of components for electronic, automotive and other industries. The Company owns 75% of KHMV equity while the balance of 25% equity is owned by Mr Shingo Muramoto. Mr Shingo Muramoto is a Director and major shareholder of KHMV. Information on the Land Use Rights and Factory ---------------------------------------------------------------------------- The original costs of investment of the land use rights and factory were as follows:- No. Description Land Area/Built-up Area Year of Acquisition/Construction Original Cost (RM) 1. Land use right: Lot No. IN1-7A VISP Hai Phong Township Industrial & Service Park Dinh Vu – Cat Hai Economic Zone Trung Ha Commune Thuy Nguyen District Hai Phong, Vietnam 8,761.40 square meters 2012 2,112,000 2. Factory (a single-storey factory with a 3-storey office and warehouse annexe) No. 109, Street No. 12 VSIP Hai Phong Thuy Nguyen District Dinh Vu-Cat Hai Economic Zone Hai Phong, Vietnam 10,276.3 square meters 2015 11,606,061 Total 13,718,061 In conjunction with the Proposed Transfer, KHIV and KHMV will enter into various agreements with VSIP Hai Phong Co., Ltd (the “Lessor”) respectively as detailed below: Tri-Party Agreement (between KHIV, KHMV and the Lessor) Termination Agreement (between KHIV and the Lessor) Land Sublease Agreement (between KHMV and the Lessor) In accordance with the above agreements, KHIV will also terminate the land sublease for the second vacant industrial land as detailed in the following table (the “2nd Land”) and surrender it back to the Lessor, and in turn the Lessor will sub lease and hand over the 2nd Land to KHMV. The Lessor will refund KHIV the balance prepaid lease payment which were fully paid by KHIV in previous years up to the signing date of the Termination Agreement, and KHMV will pay the exact same amount of prepaid lease payment to the Lessor upon signing of the new Land Sublease Agreement for the land use rights of the 2nd Land up to 2058. No. Description Land Area Year of Acquisition Original Cost (RM) 1. Land Lot No. IN1-7*D VISP Hai Phong Township Industrial & Service Park Dinh Vu – Cat Hai Economic Zone Trung Ha Commune Thuy Nguyen District Hai Phong, Vietnam 7,538.60 square meters 2018 1,949,686 Total 1,949,686 Rationale --------------- KHMV’s branch namely KHMV Hai Phong Branch currently rents the factory of KHIV for its manufacturing business. In view of KHMV Hai Phong Branch’s business expansion plan, it will require additional production floors and warehouse space in the next 5-years. On the other hand, KHIV has decided to pull out from its manufacturing projects which it has not commenced yet in order not to directly compete with KHMV as both KHIV and KHMV are subsidiary companies of the Company and they are engaged in the same manufacturing business with common customers. Percentage ratio of the Proposed Transfer ------------------------------------------------------- Not applicable. Financial Effect --------------------- The Proposed Transfer does not have any effect on the issued and paid-up share capital of KHIB or the shareholdings of its major shareholders, and does not have any material effect on earnings per share, gearing and net assets per share of the Group. Additional financial information at KHIV company level:- RM Sales proceeds 20,000,000 Less: Net book value as at 22 February 2020 (13,628,000) Gain on disposal of the land use rights and factory (Note) 6,372,000 (Note: The gain on disposal of the land use rights and factory will be eliminated on consolidation at the Group level.) Approvals Required -------------------------- The Proposed Transfer is not subject to the approval of the shareholders of KHIB or any regulatory authorities. Source of Funding and the Expected Completion Date --------------------------------------------------------------------- The consideration was based on fair value which is determined by an external, independent and qualified valuer in Vietnam. The Proposed Transfer would be financed by internally generated funds and/or borrowings of KHMV. The Proposed Transfer shall be completed upon fulfillment of all the following conditions precedent (the “Completion Date”): KHIV has obtained necessary approvals and/or consents allowing KHIV to execute the Transfer of Assets attached to the Land Contract, including without limitation to approvals and/or consents from the bank, the Lessor and KHIV; KHMV has obtained necessary internal approvals and/or consents allowing KHMV to execute the Transfer of Assets attached to the Land Contract; and The following agreements have been duly signed:               (i)   Tri-Party Agreement between KHIV, KHMV and the Lessor;               (ii)  Termination Agreement to the Land Sublease Agreement between KHIV and the Lessor; and               (iii)  Land Sublease Agreement between KHMV and the Lessor. The payment of the Transfer Price shall be made by KHMV to KHIV in two (2) instalments as follows: First (1st) instalment: 10% of the Transfer Price, VND 11,288,800,000 or equivalent to RM 2.0 million approximately shall be paid within seven (7) working days from the signing date of the Transfer of Assets attached to the Land Contract. Second (2nd) instalment: 90% of the Transfer Price, VND 101,599,200,000 or equivalent to RM 18.0 million approximately shall be paid within ninety (90) working days from the Completion Date. No liability will be assumed by the Company arising from the Proposed Transfer. Interest of Directors, Major Shareholders and Persons Connected to Them ----------------------------------------------------------------------------------------------------------------- To the best of the knowledge of the Directors of KHIB, none of the Directors and/or Major Shareholders of KHIB or persons connected with them, have any interest, direct or indirect, in the Proposed Transfer. Statement by Audit and Risk Management Committee and Board of Directors   -------------------------------------------------------------------------------------------------------------------- The Audit and Risk Management Committee has considered all aspects of the Proposed Transfer and is of the opinion that the transaction is fair, reasonable, on normal commercial terms and not detrimental to the interest of the minority shareholders and that the Proposed Transfer is in the best interest of the Group. The Board of Directors concurred with the Audit and Risk Management Committee's opinion and agreed that the Proposed Transfer is in the best interest of the Group. This Announcement is dated 24 February 2020.

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Type	Announcement
Subject	OTHERS
Description	Proposed Transfer of Assets
We refer to our announcement dated 24 February 2020 in respect of the above Proposed Transfer. In connection to this, we wish to announce that the Proposed Transfer is completed upon the fulfillment of all the conditions precedent, among others, approvals and/or consents obtained from the bank, VSIP Hai Phong Co., Ltd (the “Lessor”), and signing of the following agreements with the Lessor on 18 March 2020: Tri-Party Agreement [between Kein Hing Industry Vietnam Co., Ltd (“KHIV”), Kein Hing Muramoto (Vietnam) Co., Ltd (“KHMV”) and the Lessor]; Termination Agreement [between KHIV and the Lessor]; and Land Sublease Agreement [between KHMV and the Lessor]. In accordance with the above, KHMV now owns the land-use rights and factory with effect from 18 March 2020. This announcement is made on 18 March 2020.