[LIIHEN] General on 10-Sep-2020

Stock
[LIIHEN]: LII HEN INDUSTRIES BHD
Announcement Date
07-Aug-2020
Type
General
Date & Time
10-Sep-2020 11:00
Depositor Date
03-Sep-2020
Venue
Classic 1, Ballroom, Classic Hotel No.69, Jalan Ali 84000 Muar Johor
Description
Notice of Twenty-Sixth (26th) Annual General Meeting
Lii Hen Industries Bhd - Notice of AGM.pdf
Outcome

The Board of Directors of Lii Hen Industries Bhd. ("LHIB" or "the Company") wishes to announce that all the resolutions as set out in the Notice of the Twenty-Sixth Annual General Meeting ("26th AGM") dated 10 August 2020were duly passed by the shareholders of LHIB in the 26th AGM held on 10 September 2020.

The voting on all the resolutions were carried out by way of poll and the results were validated by Quantegic Services Sdn. Bhd., an independent scrutineer appointed by the Company. Details of the said results are as set out in the attachment.

Voting Results

1. Ordinary Resolution 1

Description 
To declare a final single tier dividend of 4.5 sen per share for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 102 0
No. of Shares 88,244,891 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr Chan Wah Chong who retires in accordance with Clause 149 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 98 2
No. of Shares 88,163,154 66,237
% of Voted Shares 99.9249 0.0751
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Dato Mustapha Bin Abd Hamid who retires in accordance with Clause 149 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 97 3
No. of Shares 88,153,954 75,437
% of Voted Shares 99.9145 0.0855
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Lee Min On who retires in accordance with Clause 150 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 99 3
No. of Shares 88,174,239 70,652
% of Voted Shares 99.9199 0.0801
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of Directors' fees of RM69,100 to the Directors of the Company for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 100 0
No. of Shares 88,229,391 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the payment of Directors' fees of up to RM95,000 in aggregate to the Directors of the Company for the financial year ending 31 December 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 100 0
No. of Shares 88,229,391 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the payment of Directors' benefits of up to RM300,000 in aggregate to the Independent Non-Executive Directors of the Company during the course of the period from 11 September 2020 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 94 6
No. of Shares 87,466,828 762,563
% of Voted Shares 99.1357 0.8643
Result Accepted

8. Ordinary Resolution 8

Description 
To re-appoint Messrs Peter Chong & Co. as Auditors of the Company and to authorise the Directors to determine their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 100 1
No. of Shares 88,233,791 3,900
% of Voted Shares 99.9956 0.0044
Result Accepted

9. Ordinary Resolution 9

Description 
Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 97 3
No. of Shares 88,116,591 112,800
% of Voted Shares 99.8722 0.1278
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 91 0
No. of Shares 9,225,165 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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