[CHINWEL] General on 25-Nov-2020

Stock
[CHINWEL]: CHIN WELL HOLDINGS BHD
Announcement Date
22-Oct-2020
Type
General
Date & Time
25-Nov-2020 11:00
Depositor Date
17-Nov-2020
Venue
Conference Room of Chin Well Holdings Berhad No. 1586, MK. 11, Lorong Perusahaan Utama 1 Bukit Tengah Industrial Park 14000 Bukit Mertajam, Penang
Description
24th Annual General Meeting
Chin Well 24th AGM Notice.pdf
Outcome

The Board of Directors of Chin Well Holdings Berhad("the Company") is pleased to announce that all the resolutions put to the 24thAnnual General Meetingof the Company held today, 25November 2020were carried.

All the resolutions were voted by poll and the results of the poll were validated by Messrs. Niche Unity Consultants Sdn. Bhd., the independent scrutineers appointed by the Company.

The results of the poll are set out below.

This announcement is dated 25November 2020.

Voting Results

1. Resolution 1

Description 
To re-elect Mr. Tsai Yung Chuan, a Director who retires by rotation in accordance with Article 111 of the Company's Constitution and who, being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 0
No. of Shares 177,846,046 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution 2

Description 
To re-elect Mr. Ang Seng Oo, a Director who retires by rotation in accordance with Article 111 of the Company's Constitution and who, being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 0
No. of Shares 177,817,146 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Resolution 3

Description 
To re-elect Mr. Low Yeaw Seng, a Director who retires in accordance with Article 118 of the Company's Constitution and who, being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 0
No. of Shares 177,817,146 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Resolution 4

Description 
To approve the payment of Directors' fees amounting to RM270,000 for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 1
No. of Shares 177,787,146 30,000
% of Voted Shares 99.9831 0.0169
Result Accepted

5. Resolution 5

Description 
To approve the payment of Directors' Benefits payable up to an amount not exceeding RM60,000 for the financial year ending 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 0
No. of Shares 177,817,146 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6

Description 
To re-appoint Messrs. Grant Thornton as auditors of the Company to hold office until the conclusion of the next AGM of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 0
No. of Shares 177,846,046 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution 7

Description 
Proposed Renewal of General Mandate for Directors to Allot and Issue Shares
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 4
No. of Shares 169,496,046 8,350,000
% of Voted Shares 95.3049 4.6951
Result Accepted

8. Resolution 8

Description 
Proposed Share Buy-Back Renewal
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 0
No. of Shares 177,846,046 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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