The Board of Directors of Toyo Ventures Holdings Berhad (“TVHB” or “the Company”) is pleased to announce that, all resolutions set out in the Notice of the Second AnnualGeneral Meeting ("2nd AGM") dated 31 January2022 were duly passedby the Shareholders of the Company at the 2nd AGM held today, 10 March 2022, except for Ordinary Resolution 6 in respect of the re-election of Mr. Song Kok Cheong as Director of the Company which was not carried.
The resolutions were voted by way of poll and the results were validated by Messrs. Leou Associates PLT, an independent scrutineer appointed by the Company.
Details of the polling results are appended below.
This announcement is dated 10 March 2022.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the additional payment of Directors Fees and benefits amounting to RM77,750 and RM165,500 respectively which was in excess of the earlier approved amount for the financial year ended 30 June 2021. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 62 | 7 |
No. of Shares | 86,165,775 | 7,504,043 |
% of Voted Shares | 89.8551 | 10.1449 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To approve the payment of Directors fees of RM210,000.00 in respect of the financial year ending 30 September 2022. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 65 | 4 |
No. of Shares | 93,669,068 | 750 |
% of Voted Shares | 94.2029 | 5.7971 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To approve the payment of Directors benefit up to RM200,000.00 for the period commencing from the conclusion of the 2nd AGM until the conclusion of the next AGM of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 63 | 6 |
No. of Shares | 86,431,525 | 7,238,293 |
% of Voted Shares | 91.3043 | 8.6957 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-elect Ms. Chan Kee Eng who is retiring pursuant to Clause 119 of the Company's Constitution and being eligible has offered herself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 69 | 0 |
No. of Shares | 93,669,818 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-elect Ms. Lim Soek Fun (Lin Shufen) who is retiring pursuant to Clause 119 of the Company's Constitution and being eligible has offered herself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 68 | 1 |
No. of Shares | 93,662,118 | 7,700 |
% of Voted Shares | 98.5507 | 1.4493 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
To re-elect Mr. Song Kok Cheong who is retiring pursuant to Clause 114 of the Companys Constitution and being eligible, has offered himself for re-election. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 32 | 38 |
No. of Shares | 24,908,579 | 68,866,239 |
% of Voted Shares | 45.7143 | 54.2857 |
Result | Rejected | |
7. Ordinary Resolution 7 |
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Description |
Authority to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 61 | 8 |
No. of Shares | 93,499,543 | 170,275 |
% of Voted Shares | 88.4058 | 11.5942 |
Result | Accepted | |
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