The Board of Directors of WCE Holdings Berhad ("the Company") wishes to announce that all the resolutions set out in the Notice of the Nineteenth Annual General Meeting ("19th AGM") dated 29 July 2020 were duly passed by the shareholders of the Company by way of poll at the 19th AGM held atVictorian Ballroom, Level 1, Holiday Villa Hotel & Conference Centre Subang, 9 Jalan SS12/1, 47500 Subang Jaya, Selangor Darul Ehsan on Thursday, 27 August 2020.
The results of the poll were validated by Symphony Merchant Sdn Bhd, the Scrutineer appointed by the Company.
The results of the poll of the 19th AGM of the Company is attached herewith.
The detailsof the poll resultsfor Ordinary Resolution6 areas follows:-
Resolution |
Description |
Shareholders Action |
Voted |
Results |
|||
Voted |
No. of Shareholders |
No. of Shares |
% of Voted Shares |
||||
Ordinary Resolution 6– Tier 1 |
Proposed continuation of Datuk Oh Chong Peng in office as Independent Non-Executive Director. |
For Voting |
For Against |
1 0 |
343,145,574 0 |
100.0000 0.0000 |
Accepted |
Ordinary Resolution 6– Tier 2 |
Proposed continuation of Datuk Oh Chong Peng in office as Independent Non-Executive Director. |
For Voting |
For Against |
11 3 |
1,306,805 330,200 |
79.8290 20.1710 |
Accepted |
Voting Results |
||
1. Ordinary Resolution 1 |
||
Description |
To approve the payment of the Directors' fees of RM981,300.00 for the financial year ended 31 March 2020. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 2 |
No. of Shares | 695,620,574 | 330,100 |
% of Voted Shares | 99.9526 | 0.0474 |
Result | Accepted | |
2. Ordinary Resolution 2 |
||
Description |
To approve the payment of Directors' Benefits of up to RM120,000.00 for the period from the 19th Annual General Meeting until the 20th Annual General Meeting. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 8 | 7 |
No. of Shares | 437,184,377 | 1,360,300 |
% of Voted Shares | 99.6898 | 0.3102 |
Result | Accepted | |
3. Ordinary Resolution 3 |
||
Description |
To re-elect the Director, Vuitton Pang Hee Cheah, who is retiring by rotation pursuant to Clause 76(3) of the Constitution of the Company. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 17 | 1 |
No. of Shares | 352,531,005 | 100 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |
4. Ordinary Resolution 4 |
||
Description |
To re-elect the Director, Datuk Wira Hj. Hamza Bin Taib, who is retiring by rotation pursuant to Clause 76(3) of the Constitution of the Company. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 14 | 3 |
No. of Shares | 695,229,979 | 444,100 |
% of Voted Shares | 99.9362 | 0.0638 |
Result | Accepted | |
5. Ordinary Resolution 5 |
||
Description |
To re-appoint Messrs Baker Tilly Monteiro Heng PLT as Auditors of the Company and to authorise the Directors to fix their remuneration. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 15 | 1 |
No. of Shares | 438,598,679 | 480,000 |
% of Voted Shares | 99.8907 | 0.1093 |
Result | Accepted | |
6. Ordinary Resolution 6 |
||
Description |
Proposed continuation of Datuk Oh Chong Peng in office as Independent Non-Executive Director. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 12 | 3 |
No. of Shares | 344,452,379 | 330,200 |
% of Voted Shares | 99.9042 | 0.0958 |
Result | Accepted | |
7. Ordinary Resolution 7 |
||
Description |
Authority to issue shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 13 | 1 |
No. of Shares | 602,006,379 | 500 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |
8. Ordinary 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 | 11 | 1 |
No. of Shares | 259,011,202 | 100 |
% of Voted Shares | 99.9999 | 0.0001 |
Result | Accepted | |