Response to Query Regarding Trading Activity::

Issuer & Securities

Issuer/ Manager
K1 VENTURES LIMITED
Securities
K1 VENTURES LIMITED - SG1CD1000005 - BLT
Stapled Security
No

Announcement Details

Announcement Title
Response to Query Regarding Trading Activity
Date &Time of Broadcast
24-May-2017 23:54:09
Status
New
Announcement Reference
SG170524OTHR2183
Response Submitted Date/ Time
24-May-2017 23:54:08

Response Details

Response Submitted By (Co./ Ind. Name)
Winnie Mak
Respondent's Designation
Company Secretary
Response Description (Please provide a detailed description of the Response to Query in the box below)

K1 Ventures Limited (the "Company") wishes to respond to the queries from the Singapore Exchange Securities Trading Limited ("SGX-ST") on 24 May 2017 in respect of the unusual price movements in the Company's shares today as follows:

Question 1: Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further examples.
- If yes, the information shall be announced immediately.

Response: Further to the approval granted by shareholders at the Company's Extraordinary General Meeting held on 29 March 2017 for inter alia, the proposed divestment of interests in the capital of KUE 3 LP (KUE), the Company is in advanced negotiations for the proposed disposal of the Company's entire interests in KUE. Further announcements will be made at the appropriate time according to the Mainboard Rules.

Question 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.

Response: Other than as disclosed above, the Company is not aware of any other possible explanation for the trading.

Question 3: Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?

Response: We confirm compliance with the listing rules and in particular, Mainboard Rule 703.

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