Waiver :: Notification On Automatic 60 Day Extension To Hold AGM

KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED (Company Registration Number: 201311482K) (Incorporated in the Republic of Singapore on 29 April 2013)

EXTENSION OF TIME TO CONVENE ANNUAL GENERAL MEETING FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

1. APPLICATION AND EXTENSION OF TIME

The Board of Directors (the "Board") of Kim Heng Offshore & Marine Holdings Limited (the "Company") would like to announce that the Company had on 31 March 2020 made an application to the Accounting and Corporate Regulatory Authority ("ACRA") under the Companies Act, Cap. 50 for an extension of time of sixty (60) days to hold the Annual General Meeting ("AGM") and filing of Annual Return for the financial year ended 31 December 2019 ("FY2019") (the "Application").

The Board is pleased to announce that ACRA had, on 3 April 2020, granted approval for the Application. With the approval on extension of time, the Company is required to lodge its Annual Return for FY2019 by 30 July 2020 while the deadline to hold the AGM for FY2019 has been extended until 29 June 2020.

Subsequently, on 7 April 2020, the Singapore Exchange Regulation ("SGX RegCo") has announced that it will automatically extend the deadline to hold the AGM by 60 days for all issuers with financial year-end, on or before 31 March 2020 ("Automatic Extension of Time"). The Company has on 13 April 2020 notified SGX RegCo, by way of email, the following in respect of the automatic 60-day extension of time:

1. The Company's financial year end is 31 December 2019;
2. The indicative timeline to convene the Company's AGM, which is set out below;
3. The Company's annual report will be published by 15 April 2020; and
4. The Board of Director's confirmation that the Automatic Extension of Time will not be in contravention of any laws and regulations governing the Company and its Constitution.

2. CONFIRMATION OF COMPLIANCE WITH THE WAIVER CONDITIONS AND FURTHER ACTIONS

In relation to the Automatic Extension of Time, the Board confirms the following:

1. the extension of time for the Company to hold its Annual General Meeting will not be in contravention of any laws and regulations governing the Company and its constitution; and
2. the Company will issue the Annual Report to its shareholders and the Singapore Exchange Securities Trading Limited("SGX-ST") on or before 15 April 2020.

3. INDICATIVE TIMELINE TO CONVENE ITS AGM FOR FY2019

The Company wishes to inform its shareholders of the indicative timeline to convene the AGM for FY2019, and barring any unforeseen circumstances, the AGM for FY2019 will be held on 22 June 2020, and the Notice of AGM and Proxy Form will be issued to its shareholders on or before 7 June 2020. The proposed date for the AGM may be subject to further changes based on the evolving COVID-19 situation and any directives or guidelines from government agencies or regulatory authorities.

Event	Indicative Timeline
Date of Notice of AGM and Proxy Form	At least 14 days before the date of AGM, and in
	any case, no later than 7 June 2020
Date of the AGM	22 June 2020, and in any case, no later than 29
	June 2020

BY ORDER OF THE BOARD

Tan Keng Siong Thomas

Executive Chairman & CEO

14 April 2020

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Tay Sim Yee (Tel: [phone]) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.