[CBIP] General on 30-Jul-2020

Stock
[CBIP]: CB INDUSTRIAL PRODUCT HOLDING
Announcement Date
29-Jun-2020
Type
General
Date & Time
30-Jul-2020 10:00
Depositor Date
23-Jul-2020
Venue
[Broadcast Venue] Aquamarin Room, The Saujana Hotel Kuala Lumpur Jalan Lapangan Terbang SAAS 40150 Shah Alam, Selangor
Description
Notice of Twenty-Third Annual General Meeting (23rd AGM) The 23rd AGM of the Company will be conducted fully virtual via remote participation and voting platform at https://web.lumiagm.com
CBIPH Notice 23rd AGM and AdminGuide.pdf
Outcome

CB Industrial Product Holding Berhad ("the Company" or "CBIPH") is pleased to announce that the resolutions set out in the Notice of the Twenty-Third Annual General Meeting ("23rd AGM") of the Company dated 30 June2020were duly passed as Ordinary Resolution(s) by way of a poll at the 23rd AGM of the Company held on Thursday, 30 July 2020 at 10.00 a.m.

The results of the poll were validated by Messrs Boardroom Corporate Services Sdn. Bhd., the IndependentScrutineer appointed by the Company.

This announcement is dated 30 July 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Wong Chee Beng as a Director who retires in accordance with 
Clause 97 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 110 39
No. of Shares 208,734,853 35,365,678
% of Voted Shares 85.5118 14.4882
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mak Chee Meng as a Director who retires in accordance with 
Clause 97 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 122 28
No. of Shares 215,862,913 28,237,620
% of Voted Shares 88.4320 11.5680
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Karpanadevi A/P K R Somasundram as a Director who retires in accordance with Clause 104 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 127 23
No. of Shares 244,078,813 21,720
% of Voted Shares 99.9911 0.0089
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of Directors' Remuneration of RM570,000 for the financial period from 1 July 2020 until 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 106 40
No. of Shares 224,796,890 122,221
% of Voted Shares 99.9457 0.0543
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 131 15
No. of Shares 244,080,629 66,894
% of Voted Shares 99.9726 0.0274
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the Authority to Issue and Allot Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 118 28
No. of Shares 242,087,913 2,059,610
% of Voted Shares 99.1564 0.8436
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the Proposed Authority for Purchase of Own Shares by the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 129 17
No. of Shares 244,079,113 68,410
% of Voted Shares 99.9720 0.0280
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the Proposed Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 102 23
No. of Shares 41,460,035 61,510
% of Voted Shares 99.8519 0.1481
Result Accepted

9. Ordinary Resolution 9

Description 
(Tier 1 - Large Holder)
To approve the continuing in office for Tan Sri Datuk Dr. Yusof Bin Basiran as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 8 0
No. of Shares 111,378,156 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 9

Description 
(Tier 2 - Other Holders)
To approve the continuing in office for Tan Sri Datuk Dr. Yusof Bin Basiran as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 113 27
No. of Shares 102,644,157 30,078,210
% of Voted Shares 77.3375 22.6625
Result Accepted

11. Ordinary Resolution 10

Description 
(Tier 1 - Large Holder)
To approve the continuing in office for Wong Chee Beng as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 8 0
No. of Shares 111,378,156 0
% of Voted Shares 100.0000 0.0000
Result Accepted

12. Ordinary Resolution 10

Description 
(Tier 2 - Other Holders)
To approve the continuing in office for Wong Chee Beng as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 103 36
No. of Shares 97,304,597 35,416,770
% of Voted Shares 73.3149 26.6851
Result Accepted

Remark
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