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Bursa Announcement

Year 2000 (Y2K) Disclosure

BackSep 28, 1999
Type Announcement
Subject YEAR 2000 (Y2K) DISCLOSURE

Contents :

see table below

1. Details of your company and subsidiaries' progress in relation to its activities to address the Y2K issue

Y2K Ready
Non Y2K Ready
X
 (To provide the information listed below)
Description of
Non Y2K
System		 Criticality of
System (critical or
not critical)		 Status of readiness
(at which stage 7
percentage of
completion)		 Estimated date
being Y2K
Ready		 Remarks
NIL
 
Pending the finalisation of its Contingency & Business Recovery Plan, the KKB Engineering Berhad Group is not Y2K ready as yet. See Note 5 below.

2. The impact of the Y2K Issue if your company and/or subsidiaries fail to be Y2K Ready or are unable to achieve full readiness by the estimated date(s) mentioned above.

No Impact
X
 (State the reason(s) below)
Yes (State the details of the impact below, particularly
on the business, financial position and prospects)
 
Based on our Y2K Consultants' findings and report and excluding external systems beyond our control, the Y2K problem is not likely to affect the Group's operations.

3. The exposure of your company and/or subsidiaries to third parties who have material business relationships with your company or subsidiaries in relation to the third parties' Y2K readiness.

No exposure (State the reason(s) below)
Yes
X
 (State the details of the exposure, how material the
exposure is to your company and/or subsidiaries
and the measures taken to address the impact of the
exposure)
   
Whilst the Group has sought assurances from third parties, it recognizes that it has no control or direct access to all external systems from which year 2000 problems might arise.

4. The total cost your company and subsidiaries have incurred or is expected to incur to address the Y2K issue.
  Total cost is expected not to exceed RM200,000.

5. Describe your company and subsidiaries' contingency plans in relation to the Y2K issue to ensure continued operations.

No contingency plans
X
 (State the reason(s) why contingency plans are not
needed)
Yes (State the details of the contingency plan)
 
KKB Engineering Berhad Group is in the process of finalizing its Contingency and Business Recovery Plan which is expected to be put into place by October 1999.

 

Announcement Info

Company Name KKB ENGINEERING BERHAD  
Stock Name KKB    
Date Announced 28 Sept 1999  
Category General Announcement
Reference No CU-990928-50097