The Board of Directors of Sin Heng Chan (Malaya) Berhad (“SHC” or “the Company”) is pleased to announce that at the 58thAnnual General Meeting (“58thAGM”) of SHCheld today, all the resolutions as set out in the Notice of the 58thAGM dated 3June2020were duly passed by the shareholders of the Company.
All the resolutions were voted by poll via remote participation and electronicvoting and the results of the poll werevalidated by Cygnus ITSolutions PLT, the Independent Scrutineer appointed by the Company.
The details of the poll results are set out in the attachment.
This announcementis dated 26June 2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the payment of Directors fees and benefits totalling RM1,059,162 for the financial year ended 31 December 2019. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 14 | 0 |
No. of Shares | 64,752,778 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To re-elect Dato' Choo Keng Weng who retires in accordance with Article 94 of the Constitution of the Company and being eligible, has offered himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 0 |
No. of Shares | 95,761,571 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Thomas Tuan Kit Kwong who retires in accordance with Article 94 of the Constitution of the Company and being eligible, has offered himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 0 |
No. of Shares | 95,761,571 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-appoint Messrs Al Jafree Salihin Kuzaimi PLT as Auditors of the Company and to authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 0 |
No. of Shares | 95,761,571 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To retain Thomas Tuan Kit Kwong who has served the Board for more than nine (9) years as Independent Non-Executive Director of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 0 |
No. of Shares | 95,761,571 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
To retain YBM Tunku Mahmood Bin Tunku Mohammed D.K. PSI who has served the Board for more than twelve (12) years as Independent Non-Executive Director of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 6 | 0 |
No. of Shares | 50,190,918 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
To approve the authority to Directors pursuant to Sections 75 and 76 of the Companies Act 2016. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 19 | 0 |
No. of Shares | 95,761,571 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
To approve the proposed renewal of existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 13 | 0 |
No. of Shares | 60,413,789 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
9. Ordinary Resolution 6 |
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Description |
To retain YBM Tunku Mahmood Bin Tunku Mohammed D.K. PSI who has served the Board for more than twelve (12) years as Independent Non-Executive Director of the Company. (Tier 2) |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 13 | 0 |
No. of Shares | 45,570,653 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |