[YB] General on 25-Aug-2020

Stock
[YB]: YB VENTURES BERHAD
Announcement Date
24-Jul-2020
Type
General
Date & Time
25-Aug-2020 11:00
Depositor Date
18-Aug-2020
Venue
Lot 7020, Batu 23 Jalan Air Hitam, 81000 Kulai, Johor Darul Ta'zim
Description
Twentieth ("20th") Annual General Meeting
Yi-Lai-Notice of 20th AGM.pdf
Outcome

The Board of Directors of Yi-Lai Berhad ("the Company") is pleased to announce that all the resolutions set out in the notice of theTwentiethAnnual General Meeting (20th AGM) dated 27 July 2020 were duly passed at the 20th AGM held on 25 August 2020.

All resolutions tabled at the 20th AGM were voted by poll and results of the poll were validated by Mr Yong Ming Jie of M/s SC Lim, Ng & Co, the independent scrutineer appointed by theCompany.Please refer to the attachment for poll results.

Voting Results

1. 1

Description 
To approve the payment of Directors fees totaling RM140,000 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 75,858,019 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. 2

Description 
To approve the payment of Directors fees totaling RM210,000 for the financial year ending 31 December 2020 to be payable on a quarterly basis in arrears.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 75,360,219 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. 3

Description 
To approve the payment of Directors benefits to the Directors of the Company and its subsidiaries up to an amount of RM45,000 for the period from 26 August 2020 until the next Annual General Meeting of the Company to be held in 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 0
No. of Shares 75,360,219 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. 4

Description 
To re-elect the Director, Wendy Kang Hui Lin retiring in accordance with the Companys Constitution and who being eligible offer herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 75,858,019 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. 5

Description 
To re-elect the Director, Mr Lee Boon Siong retiring in accordance with the Companys Constitution and who being eligible offer himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 75,858,019 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. 6

Description 
To re-appoint Messrs KPMG PLT as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Board of Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 75,858,019 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. 7

Description 
Proposed Authority to Issue Shares Pursuant to Section 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 75,858,019 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. 8

Description 
Proposed Renewal of Share Buy-Back Scheme of YLB to purchase its own shares of up to 10% of the total number of issued shares/total number of voting shares of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 75,858,019 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Special Resolution

Description 
Proposed Amendment of Clause in the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 75,858,019 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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