The Board of Directors of KAB wishes to announce that the Company has on 27 August 2025 received a notice in writing dated 25 August 2025 given pursuant to Section 281(1) of the Companies Act 2016 from Messrs. Kreston John and Gan on their resignation as the External Auditors of the Company ("the Notice of Resignation").
Messrs. Kreston John and Gan was re-appointed as the External Auditors of the Company at the Twenty-Eighth Annual General Meeting ("28th AGM") of the Company held on 29 May 2025 to hold office until the conclusion of the next AGM of the Company. The resignation of Messrs. Kreston John and Gan is on a voluntary basis due to limitation of staff resources to provide the audit services.
The Company is currently in the midst of identifying the replacement of External Auditors. Further announcement will be made by the Company once the appointment of new External Auditors is finalised.
Save for the above, the Board is not aware of any matters that need to be brought to the attention of the shareholders of the Company.
This announcement is dated 27 August 2025.
