The Board of Directors of MMC Corporation Berhad (“MMC” or “Company”) wishes to announce that the special resolution in respect of the proposed selective capital reduction and repayment exercise of the Company pursuant to Section 116 of the Companies Act 2016 as set out in the Notice of Extraordinary General Meeting of the Company dated 8 September 2021 was duly approved by the disinterested shareholders of the Company at Extraordinary General Meeting of MMC (“EGM”) of the Company held today.

Based on the results of the poll validated by SKY Corporate Services Sdn Bhd, the independent scrutineer appointed by the Company, the special resolution was voted for by 85% in number of the disinterested shareholders and 99.7519% in value to the votes attached to the ordinary shares of MMC (“MMC Shares”) held by the disinterested shareholders that were cast either in person or by proxy at the EGM. Further, 0.1867% of the votes attached to all MMC Shares held by the disinterested shareholders of the total voting shares of MMC voted against the special resolution.

Details of the results of the poll are set out below.

This announcement is dated 30 September 2021.

Proposed selective capital reduction and repayment exercise of MMC Corporation Berhad pursuant to Section 116 of the Companies Act 2016