[HENGYUAN] General on 23-Jun-2020

Stock
[HENGYUAN]: HENGYUAN REFINING COMPANY BERHAD
Announcement Date
21-May-2020
Type
General
Date & Time
23-Jun-2020 10:00
Depositor Date
15-Jun-2020
Venue
Broadcast Venue at Tricor Leadership Room Unit 32-01, Level 32, Tower A, Vertical Business Suite Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur
Description
The 61st Annual General Meeting ("AGM") of Hengyuan Refining Company Berhad will be held on Tuesday, 23 June 2020 at 10.00 a.m. This meeting will be held on a fully virtual basis via remote participation through live stream and online voting.
HRC-Notice AGM.pdf
Outcome

The Board of Directors of Hengyuan Refining Company Berhad("the Company") wishes to announce that the resolutions as set out in the Notice of Annual General Meeting of the Company dated 22 May 2020and tabled at the said Annual General Meeting held on 23 June 2020 were carried out by way of poll. The results of the poll areset out in the attachment below.

The Board of Directors is also pleased to annouce that the poll results have been duly verified by the Independent Scrutineernamely, Asia Securities Sdn Bhd.

This announcement is dated 23 June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Puan Fauziah Hisham retiring in accordance with Article 81(c) of the Constitution of the Company, and who being eligible, have offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 170 34
No. of Shares 158,939,107 52,727
% of Voted Shares 99.9670 0.0330
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr Wang, ZongQuan retiring in accordance with Article 81(c) of the Constitution of the Company, and who being eligible, have offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 169 35
No. of Shares 157,635,017 1,356,817
% of Voted Shares 99.1470 0.8530
Result Accepted

3. Ordinary Resolution 3

Description 
To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company until the conclusion of the next Annual General Meeting (AGM) and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 180 25
No. of Shares 158,946,917 45,917
% of Voted Shares 99.9710 0.0290
Result Accepted

4. Ordinary Resolution 4

Description 
To approve payment of Non-Executive Directors fees and benefits of up to RM2,300,000.00 for the period from 1 June 2020 until 30 May 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 155 48
No. of Shares 158,927,652 61,782
% of Voted Shares 99.9610 0.0390
Result Accepted

5. Ordinary Resolution 5

Description 
Authority to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 169 35
No. of Shares 158,308,617 682,217
% of Voted Shares 99.5710 0.4290
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed authority for Share Buy-Back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 177 28
No. of Shares 158,942,317 50,517
% of Voted Shares 99.9680 0.0320
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 171 32
No. of Shares 5,871,915 51,917
% of Voted Shares 99.1240 0.8760
Result Accepted

8. Special Resolution 1

Description 
Proposed amendment of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 169 33
No. of Shares 158,933,707 52,027
% of Voted Shares 99.9670 0.0330
Result Accepted

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