The Audited Financial Statements for the financial year ended 31 December 2019and the Reports of the Directors and Auditors thereon were duly tabled and received at the 25th Annual General Meeting (“AGM”) of Rapid Synergy Berhad(“RAPID” or “the Company”) held today under item 1 as set out in the Notice for the 25th AGM.

Prior to the commencement of the 25th AGM, the Director, Mr. Lee Chun Weng had expressed his intention to retire from the Board of Directors and not seeking re-appointment to continue in office as Independent Non-Executive Director ("INED") of RAPID pursuant to Paragraph 3.04 of Bursa Malaysia Securities Berhad'sMain Market Listing Requirements and in line with thePractice 4.2 of the Malaysian Code on Corporate Governance issued by the Securities Commission on 26 April 2017.

Following that, Ordinary Resolution No. 8as set out in the Notice of the 25th AGM dated 29 June 2020in respect of his retentionas INED of the Company has been withdrawn for tablingat the 25th AGM and not put to vote by the shareholders, proxies and corporate representativeswho arepresent at the AGM. Mr. Lee Chun Weng would retain office as a Director of the Company until the conclusion of the 25th AGM.

Saved for Ordinary Resolution No. 8, the remaining 7 Ordinary Resolutions as set out in the Notice of the 25th AGM, voted on a poll and the results were scrutinized by Value Creator Consultancy, the independent scrutineer appointed by the Company, were duly passed at the 25th AGM of the Company.

This announcement is dated 24August2020.

Re-election of Dato Yu Kuan Chon as Director pursuant to Clause 106 of the Company's Constitution

Re-election of Ms Lee Chiew Hiang as Director pursuant to Clause 106 of the Company's Constitution

To approve the payment of Directors Fees and benefits payable up to RM400,000 for the period commencing this Annual General Meeting ("AGM") through to the next AGM of the Company in year 2021

Re-appoint KPMG PLT as auditors of the Company and to authorise the Directors to fix their remuneration

Authority under Sections 75 and 76 of the Companies Act 2016 for the Directors to allot and issue shares

Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions (RRPT) of a Revenue or Trading Nature 

Retention of Mr Ding Ming Hea as Independent Director

Retention of Mr Lee Chun Weng as Independent Director