[HENGYUAN] General Meeting on 25-May-2022

Stock
[HENGYUAN]: HENGYUAN REFINING COMPANY BERHAD
Announcement Date
25-Apr-2022
Reference No.
GMA-21042022-00013
Corporate Action ID
MY220421MEET0013
Type
General Meeting
Date & Time
25-May-2022 10:00
Depositor Date
18-May-2022
Venue
Broadcast Venue at Spectrum Room, Level 3A,,Connexion Conference & Event Centre (CCEC),,Nexus Bangsar South City, No 7, Jalan Kerinchi,59200 Kuala Lumpur,MY
Description
The 63rd Annual General Meeting ("AGM") of Hengyuan Refining Company Berhad will be held entirely through live streaming on Wednesday, 25 May 2022 at 10.00 a.m.
HRC - Notice of AGM.pdf
Outcome

The Board of Directors of Hengyuan Refining Company Berhad("the Company") wishes to announce that the resolutions as set out in the Notice of Annual General Meeting of the Company dated 26 April 2022and tabled at the said Annual General Meeting held on 25 May 2022 were carried out by way of poll. The results of the poll areset out in the attachment below.

The Board of Directors is also pleased to announce that the poll results have been duly verified by the Independent Scrutineernamely, Asia Securities Sdn Bhd.

This announcement is dated 25 May 2022.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Mr Wang, YouDe retiring in accordance with Article 81(c) of the Constitution of the Company, and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 620 122
No. of Shares 169,478,769 176,832
% of Voted Shares 99.8958 0.1042
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr Alan Hamzah Sendut retiring in accordance with Article 81(c) of the Constitution of the Company, and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 623 120
No. of Shares 169,537,565 108,134
% of Voted Shares 99.9363 0.0637
Result Accepted

3. Ordinary Resolution 3

Description 
To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 634 110
No. of Shares 169,597,745 48,154
% of Voted Shares 99.9716 0.0284
Result Accepted

4. Ordinary Resolution 4

Description 
To approve payment of Non-Executive Directors' fees and benefits of up to RM2,300,000.00 for the period from 1 June 2022 until 31 May 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 557 181
No. of Shares 169,380,072 245,421
% of Voted Shares 99.8553 0.1447
Result Accepted

5. Ordinary Resolution 5

Description 
Proposed Renewal of Authority to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 620 123
No. of Shares 158,827,371 10,805,927
% of Voted Shares 93.6298 6.3702
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed Renewal of Authority for Share Buy-Back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 642 101
No. of Shares 169,608,089 35,810
% of Voted Shares 99.9789 0.0211
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed Renewal of Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 632 110
No. of Shares 16,435,579 141,318
% of Voted Shares 99.1475 0.8525
Result Accepted

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