Regulatory Actions By SGX::Queries by SGX on the Company's announcement of 9 May 2019
Issuer & Securities
BEST WORLD INTERNATIONAL LIMITED
BEST WORLD INTERNATIONAL LTD - SG1DG3000004 - CGN
Regulatory Actions By SGX
Date &Time of Broadcast
Announcement Sub Title
Queries by SGX on the Company's announcement of 9 May 2019
Submitted By (Co./ Ind. Name)
Singapore Exchange Regulation
Description (Please provide a detailed description of the event in the box below)
We refer to the announcement released by the Company on 9 May 2019 entitled "Best World International Limited Strongly Refutes Bonitas Research Report" (the "Announcement") and report released by Valiant Varriors entitled "Best World's Main Import Agent is related to BWL". Please provide your responses to the following in an announcement to be released via SGXNet by Friday, 10 May 2019. In your announcement, please disclose our queries and your corresponding responses to enable investors to understand the matters raised.
1) Please confirm if Koh Kim Chuan, shareholder and legal representative of Changsha Best Commodity Trading Co., Ltd. (as referred in the Announcement) (the "Primary Import Agent"), is the brother-in-law of Dora Hoan, Group CEO and Managing Director of the Company.
2) Please confirm if the Primary Import Agent, its directors, substantial shareholders, key management (and their associates), have any relationship (direct or indirect) with the Company, its directors, substantial shareholders (and their associates).
3) Please state when the Group commenced dealings with Changsha Best Commodity Trading Co., Ltd.
4) Board of directors are responsible for the accuracy and completeness of information via SGXNet. Please state the board's basis for the statement that the Primary Import Agent is an independent party of the Group, its directors, substantial shareholders and their associates.