[YB] Extraordinary on 30-Oct-2020

Stock
[YB]: YB VENTURES BERHAD
Announcement Date
14-Oct-2020
Type
Extraordinary
Date & Time
30-Oct-2020 10:00
Depositor Date
23-Oct-2020
Venue
Broadcast Venue: 1st Floor, Meeting Room, Lot 8, Jalan 51A/241, Seksyen 51A, 46100 Petaling Jaya, Selangor
Description
YI-LAI BERHAD Extraordinary General Meeting ("EGM") The EGM of the Company will be conducted on fully virtual basis via remote participation through live stream and online voting.
Yi-Lai - Notice of EGM and Admin Guide.pdf
Outcome

The Board of Directors of Yi-Lai Berhad (“Yi-Lai”) or ("the Company") is pleased to announce that save for Resolution 6, all other resolutions set out in the Notice of the Extraordinary General Meeting dated 15 October 2020, were passed by the shareholders of the Company at the EGM held on 30 October 2020.

Resolution 6 was not put forward for voting since the Directorconcerned, Ms. Wendy Kang Hui Lin has resigned as Director prior to the EGM.

All relevant resolutions were voted on poll and the results of the poll were validated byAegis Communication Sdn. Bhd., an independent Scrutineer appointed by the Company.


This announcement is dated 30 October 2020.

Voting Results

1. ORDINARY RESOLUTION 1

Description 
PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF YI-LAI AND ITS SUBSIDIARIES ("YI-LAI GROUP") TO INCLUDE THE PROVISION OF INFORMATION TECHNOLOGY SOLUTIONS ("IT SOLUTIONS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 22 0
No. of Shares 62,034,491 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. ORDINARY RESOLUTION 2

Description 
PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME ("ESOS") OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF YI-LAI (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME OVER THE DURATION OF THE ESOS ("PROPOSED ESOS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 1
No. of Shares 62,032,431 2,060
% of Voted Shares 99.9967 0.0033
Result Accepted

3. ORDINARY RESOLUTION 3

Description 
PROPOSED ALLOCATION OF ESOS OPTIONS TO DATO' WONG GIAN KUI, THE DIRECTOR OF YI-LAI
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 1
No. of Shares 61,954,431 2,060
% of Voted Shares 99.9967 0.0033
Result Accepted

4. ORDINARY RESOLUTION 4

Description 
PROPOSED ALLOCATION OF ESOS OPTIONS TO AU YEE BOON, THE DIRECTOR OF YI-LAI
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 1
No. of Shares 46,404,931 2,060
% of Voted Shares 99.9956 0.0044
Result Accepted

5. ORDINARY RESOLUTION 5

Description 
PROPOSED ALLOCATION OF ESOS OPTIONS TO TAN JIAN HONG, AARON, THE DIRECTOR OF YI-LAI
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 1
No. of Shares 62,032,431 2,060
% of Voted Shares 99.9967 0.0033
Result Accepted

6. ORDINARY RESOLUTION 6 (WITHDRAWN)

Description 
PROPOSED ALLOCATION OF ESOS OPTIONS TO WENDY KANG HUI LIN, THE DIRECTOR OF YI-LAI
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 0 0
No. of Shares 0 0
% of Voted Shares 0.0000 0.0000
Result Withdrawn/ Postponed

7. ORDINARY RESOLUTION 7

Description 
PROPOSED ALLOCATION OF ESOS OPTIONS TO LEE BOON SIONG, THE DIRECTOR OF YI-LAI
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 1
No. of Shares 62,032,431 2,060
% of Voted Shares 99.9967 0.0033
Result Accepted

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