The Board of Directors of IQ Group Holdings Berhad ("the Company") is pleased to announce that all the Ordinary Resolutions as set out in the notice convening the Seventeenth Annual General Meeting ("17th AGM") dated 24 August 2020 were duly passed at the 17th AGM of the Company held today, except for Ordinary Resolution 2 which was withdrawn.
All the resolutions tabled were approved by way of voting on poll. The results of the poll were validated by Asia Securities Sdn Berhad, the Scrutineer appointed by the Company. The results of the poll of the 17th AGM is attached herewith.
This announcement is dated 22 September 2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
Re-election of Mr Chen, Wen-Chin also known as Kent Chen as Director under the provision of Clause 76(3) of the Constitution of the Company |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 30 | 0 |
No. of Shares | 63,035,802 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
Re-election of Ms Leow Mee Hong as Director under the provision of Clause 78 of the Constitution of the Company |
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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Result | Withdrawn/ Postponed | |
3. Ordinary Resolution 3 |
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Description |
Approval of Directors' Fees of RM414,000.00 for the year ending 31 March 2021. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 24 | 0 |
No. of Shares | 4,871,650 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
Approval of Directors' benefit in accordance with Section 230(1) of the Companies Act 2016 up to an amount of RM264,000.00 from 22 September 2020 until next AGM of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 24 | 0 |
No. of Shares | 4,871,650 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
Re-appointment of Messrs Deloitte PLT as Auditors of the Company and to authorise the Board of Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 30 | 0 |
No. of Shares | 63,035,802 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Ordinary Resolution 6 (FIRST TIER) |
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Description |
Continuing in office as an Independent Non-Executive Director for Mr Charlie Ong Chye Lee. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 3 | 0 |
No. of Shares | 56,534,568 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
7. Ordinary Resolution 6 (SECOND TIER) |
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Description |
Continuing in office as an Independent Non-Executive Director for Mr Charlie Ong Chye Lee. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 27 | 0 |
No. of Shares | 6,501,234 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
8. Ordinary Resolution 7 |
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Description |
Renewal of Share Buy-Back Authority. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 30 | 0 |
No. of Shares | 63,035,802 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
9. Ordinary Resolution 8 |
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Description |
Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature and New Shareholders' Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 26 | 0 |
No. of Shares | 4,968,650 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |