[SYGROUP] General on 08-Dec-2020

Stock
[SYGROUP]: SHIN YANG GROUP BERHAD
Announcement Date
17-Nov-2020
Type
General
Date & Time
08-Dec-2020 11:00
Depositor Date
30-Nov-2020
Venue
Conference Room, Level 5 Imperial Hotel, Jalan Pos 98000 Miri, Sarawak
Description
General Meetings: Revised Notice of Meeting Revised 15th AGM Notice and Revised Proxy Form (Referring to Notification to Shareholders dated 17th November 2020)
SYSCORP-Revised Notice of AGM and Proxy Form 2020.pdf
Outcome

The Board of Directors of Shin Yang Shipping Corporation Berhad ("SYSCORP"or the "Company") wishes to announce that all the resolutions as set out in the Revised Notice of Annual General Meeting dated 17th November 2020 were duly passed by the shareholders of the Company at the 15th Annual General Meeting of the Company held today.

All the resolutions were voted by poll and the results of the poll werevalidated by David Siaw & Co Advocates, the independent scrutineer appointed by the Company.

Please refer to the attachment for the poll results.

This announcement is dated 8 December 2020

Voting Results

1. Resolution 1

Description 
To approve the Directors fees for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 0
No. of Shares 967,861,532 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution 2

Description 
To re-elect the following Directors who are retiring in accordance with clause 90 of the Company's Constitution, and being eligible, have offered themselves for re-election:-
i) Mr. Ling Chiong Pin
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 0
No. of Shares 933,058,864 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Resolution 3

Description 
To re-elect the following Directors who are retiring in accordance with clause 90 of the Company's Constitution, and being eligible, have offered themselves for re-election:-
ii) Mdm. Ling Siu Chuo
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 0
No. of Shares 931,861,523 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Resolution 4

Description 
To re-elect the following Directors who are retiring in accordance with clause 90 of the Company's Constitution, and being eligible, have offered themselves for re-election:-
iii) Datuk Lawrence Lai Yew Son
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 0
No. of Shares 967,531,523 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution 5

Description 
To appoint Auditors of the Company and to authorise the Directors to determine their remuneration.

Notice of Nomination pursuant to Section 271 (4) of the Companies Act 2016, a copy of which is annexed hereto and marked Annexure A has been received by the Company for the nomination of Messrs CROWE MALAYSIA PLT, who have given their consent to act, for appointment as auditors and of the intention to propose the following ordinary resolution:

THAT, Messrs CROWE MALAYSIA PLT be and are hereby appointed as auditors of the Company in place of the retiring auditors, Messrs Ernst & Young PLT, and to hold office until the conclusion of the next Annual General Meeting AND THAT the Directors be authorised to fix their remuneration
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 0
No. of Shares 967,861,532 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6

Description 
Proposed Retention of Independent Directors
(i) THAT authority be and is hereby given to Datuk Lawrence Lai Yew Son who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine (9) years, to continue to act as an Independent Non- Executive Director of the Company in accordance with the Malaysian Code on Corporate Governance 2017
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 0
No. of Shares 967,531,523 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution 7

Description 
Proposed Retention of Independent Directors
(ii) THAT authority be and is hereby given to Mr. Koh Ek Chong who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine (9) years, to continue to act as an Independent Non-Executive Director of the Company in accordance with the Malaysian Code on Corporate Governance 2017
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 0
No. of Shares 967,742,532 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Resolution 8

Description 
Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 30 0
No. of Shares 107,318,900 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Resolution 9

Description 
Proposed Renewal of Authority On Shares Buy Back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 0
No. of Shares 967,861,532 0
% of Voted Shares 100.0000 0.0000
Result Accepted

Remark
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