[MEDIAC] General Meeting on 16-Aug-2024

Stock
[MEDIAC]: MEDIA CHINESE INTERNATIONAL LIMITED
Announcement Date
17-Jul-2024
Reference No.
GMA-09072024-00001
Corporate Action ID
MY240709MEET0001
Type
General Meeting
Date & Time
16-Aug-2024 10:00
Depositor Date
08-Aug-2024
Venue
Sin Chew Media Corporation Berhad No. 78, Jalan Prof. Diraja Ungku Aziz Seksyen 13, 46200 Petaling Jaya Selangor Darul Ehsan 15th Floor, Block A, Ming Pao Industrial Centre 18 Ka Yip Street, Chai Wan
Description
Notice of the 34th Annual General Meeting
Notice of AGM (MY).pdf
Outcome

The Board of Directors of the Company is pleased to announce that all the resolutions set out in the Notice of the 34th Annual General Meeting of the Company dated 18 July 2024 were duly passed by way of poll today.

The results of the poll were validated by Messrs Coopers Professional Scrutineers Sdn Bhd, the independent scrutineers appointed by the Company. Please refer to the attachment for the detailed poll results.

This announcement is dated 16 August 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To receive the Audited Financial Statements for the financial year ended 31 March 2024 together with the Directors' and Independent Auditor's Reports thereon.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 106 4
No. of Shares 737,891,240 8,696
% of Voted Shares 99.9988 0.0012
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Non-Executive Directors' fees (inclusive of Board Committees' fee) and benefits for the financial year ended 31 March 2024 in the amount of US$152,000.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 94 10
No. of Shares 734,591,556 1,048,086
% of Voted Shares 99.8575 0.1425
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Ms Tiong Choon as a Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 104 6
No. of Shares 735,261,639 503,704
% of Voted Shares 99.9315 0.0685
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Tiong Kiew Chiong as a Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 107 6
No. of Shares 737,469,688 443,704
% of Voted Shares 99.9399 0.0601
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Mr Liew Sam Ngan as a Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 107 6
No. of Shares 737,469,688 443,704
% of Voted Shares 99.9399 0.0601
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the payment of Directors' fees (including Board Committees' fee, if any) amounting to RM300,000 per annum for the Non-Executive Chairman, RM102,000 per annum for each of the Non-Executive Directors in Malaysia and HK$260,000 per annum for the Non-Executive Director in Hong Kong, from the conclusion of this AGM until the next AGM of the Company in 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 96 10
No. of Shares 734,607,491 1,045,607
% of Voted Shares 99.8579 0.1421
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the payment of Non-Executive Directors' benefits (excluding Directors' fees and Board Committees' fee) from the conclusion of this AGM until the next AGM in the amount up to US$15,500.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 97 9
No. of Shares 735,641,709 11,389
% of Voted Shares 99.9985 0.0015
Result Accepted

8. Ordinary Resolution 8

Description 
To re-appoint Messrs PricewaterhouseCoopers as auditor of the Company for the ensuing year and to authorise the Directors to fix its remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 108 4
No. of Shares 737,904,696 8,696
% of Voted Shares 99.9988 0.0012
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the Company and/or its subsidiaries to renew recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 93 6
No. of Shares 39,873,644 8,725
% of Voted Shares 99.9781 0.0219
Result Accepted

10. Ordinary Resolution 10

Description 
To approve renewal of share buy-back mandate.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 107 5
No. of Shares 737,904,688 8,704
% of Voted Shares 99.9988 0.0012
Result Accepted

11. Ordinary Resolution 11

Description 
To approve general mandate to issue new shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 104 9
No. of Shares 737,062,038 851,354
% of Voted Shares 99.8846 0.1154
Result Accepted

12. Ordinary Resolution 12

Description 
To approve extension of the general mandate to issue new shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 104 9
No. of Shares 737,062,038 851,354
% of Voted Shares 99.8846 0.1154
Result Accepted

13. Special Resolution 13

Description 
To approve the Bye-Laws Amendments to the existing bye-laws of the Company and the adoption of the New Bye-Laws.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 107 5
No. of Shares 737,904,688 8,704
% of Voted Shares 99.9988 0.0012
Result Accepted

Remark
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Market Buzz

2024-08-16

Meeting Outcome

General Meeting on 16-Aug-2024.

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