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    5TI   SG2D45972171

KITCHEN CULTURE HOLDINGS LTD.

(5TI)
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General Announcement::LODGEMENT OF REPORT WITH THE COMMERCIAL AFFAIRS DEPARTMENT

08/01/2021 | 02:12am EDT

KITCHEN CULTURE HOLDINGS LTD.

(Company Registration No: 201107179D)

(Incorporated in the Republic of Singapore on 25 March 2011)

LODGEMENT OF REPORT WITH THE COMMERCIAL AFFAIRS DEPARTMENT

The Board of Directors (the "Board") of Kitchen Culture Holdings Ltd. (the "Company" and together with its subsidiaries, the "Group") wishes to announce that, after taking into consideration the legal advice from the Company's legal counsel, it has on 30 July 2021, through its legal counsel, lodged a police report with the Commercial Affairs Department ("CAD") of the Singapore Police Force in relation to suspected payroll irregularities of approximately S$520,000 arising from the employment of 2 former employees of the Company's wholly-owned subsidiary, KHL Marketing Asia-Pacific Pte. Ltd..

The CAD is now in possession of the relevant documents provided by the Company to assist in its investigations.

The Board and the members of Management will fully co-operate with the relevant authorities if and when needed. The Board will continue to take all necessary actions in the best interests of the shareholders and the Group and will update the shareholders by making further announcements as and when material developments occur in this regard.

By Order of the Board

Hao Dongting

Non-Executive Chairperson

31 July 2021

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 "SGX-ST") and the SGX-ST 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. Lee Khai Yinn (Tel (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Disclaimer

Kitchen Culture Holdings Ltd. published this content on 31 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2021 06:11:04 UTC.


ę Publicnow 2021
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Financials
Sales 2020 15,2 M 11,3 M 11,3 M
Net income 2020 -4,77 M -3,53 M -3,53 M
Net Debt 2020 11,0 M 8,13 M 8,13 M
P/E ratio 2020 -5,33x
Yield 2020 -
Capitalization 34,0 M 25,1 M 25,1 M
EV / Sales 2019 1,69x
EV / Sales 2020 2,91x
Nbr of Employees 77
Free-Float 65,4%
Chart KITCHEN CULTURE HOLDINGS LTD.
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Income Statement Evolution
Managers and Directors
Choong Han Teo Chief Executive Officer & Executive Director
Dong Ting Hao Non-Executive Chairman
Wey Lon Quek Chief Operating Officer
Choon Kow Teo Lead Independent Director
Lian Kiat Ang Independent Non-Executive Director
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