[XDL] Special on 03-Sep-2020

Stock
[XDL]: XIDELANG HOLDINGS LTD
Announcement Date
11-Aug-2020
Type
Special
Date & Time
03-Sep-2020 10:00
Depositor Date
27-Aug-2020
Venue
Broadcast Venue: Tricor Boardroom, Unit 30-01, Level 30 Tower A, Vertical Business Suite, Avenue 3 Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur
Description
The Special General Meeting will be conducted on full virtual basis through live streaming and online remote voting using Remote Participation and Voting facilities.
XiDeLang - Notice of SGM and Administrative Note.pdf
Outcome

The Board of Directors of Xidelang Holdings Ltd ("Xidelang")is pleased to announce that the special and ordinary resolutions as set out in the Notice of the Special General Meeting("SGM") of Xidelangdated 12 August2020 wereduly passed by the shareholders of Xidelang at the SGM heldtoday.

The voting in respect of the resolutions were carried out by way of a poll and the resultsof the poll were validated by Asia Securities Sdn Berhad, the Independent Scrutineer appointed by Xidelang.

The results of the poll of the SGM of Xidelangis attached herewith.

This announcement is dated 3 September 2020.

Voting Results

1. Special

Description 
Proposed Par Value Reduction via Cancellation of USD0.039 of the Par Value of Every Issued and Unissued Share of XDL of USD0.04 Pursuant to Sections 45 and 46 of the Companies Act 1981 of Bermuda
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 56 14
No. of Shares 117,458,920 1,510,072
% of Voted Shares 98.7307 1.2693
Result Accepted

2. Ordinary

Description 
Proposed Establishment of an Employees' Share Option Scheme Involving up to 15% of the Total Number of Issued Shares of XDL (Excluding Treasury Shares, If Any) for Eligible Directors and Employees of XDL and its Subsidiaries
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 57 15
No. of Shares 116,433,320 2,573,672
% of Voted Shares 97.8374 2.1626
Result Accepted

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