[WANGZNG] General Meeting on 26-May-2022

Stock
[WANGZNG]: WANG-ZHENG BHD
Announcement Date
26-Apr-2022
Reference No.
GMA-26042022-00040
Corporate Action ID
MY220426MEET0040
Type
General Meeting
Date & Time
26-May-2022 11:00
Depositor Date
18-May-2022
Venue
Main Venue at No. 1,,Jalan Utarid U5/19,,Section U5, 40150 Shah Alam,,Selangor,MY
Description
The Notice of the Nineteenth Annual General Meeting (19th) of Wang-Zheng Berhad
WZB- Notice AGM and Admin Guide.pdf
Outcome

The Board of Directors of Wang-ZhengBerhad ("WZB" or "the Company") is pleased to announce that resolutions set out in the Notice of the Nineteenth ("19th") Annual General Meeting ("AGM") dated 27April 2022 were passed by the shareholders of the Companyvoted by poll using live streaming provided by V-Cube Malaysia Sdn Bhd in Malaysia via the link at https://cutt.ly/CSO3ZJDat the 19th AGM held on 26 May 2022.

The results of the poll were validated by SLCC Networks Sdn. Bhd., the Scrutineer appointed by the Company.

This announcement is dated 26 May 2022.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of the First and Final Single Tier Tax Exempt Dividend of 2.0 sen per share in respect of the financial year ended 31 December 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 1
No. of Shares 98,367,361 1
% of Voted Shares 99.9999 0.0001
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors fees of up to RM162,000 and other benefits of up to RM120,000 in respect of the period from 26 May 2022 until the conclusion of the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 3
No. of Shares 98,262,158 204
% of Voted Shares 99.9998 0.0002
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Chng Eng Hing, who retires by rotation in accordance with Article 105(1) of the Constitution of the Company and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 42 2
No. of Shares 98,347,161 201
% of Voted Shares 99.9998 0.0002
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Low Yu Keat, who retires by rotation in accordance with Article 105(1) of the Constitution of the Company and being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 1
No. of Shares 98,297,361 1
% of Voted Shares 99.9999 0.0001
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Maj Gen Dato Pahlawan Dr Mohana Dass A/L Ramasamy (Rtd), who retires by rotation in accordance with Article 105(1) of the Constitution of the Company and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 5
No. of Shares 98,362,167 195
% of Voted Shares 99.9998 0.0002
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs PricewaterhouseCoopers PLT (PwC) 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 43 2
No. of Shares 98,367,161 201
% of Voted Shares 99.9998 0.0002
Result Accepted

7. Ordinary Resolution 7

Description 
To approve Maj Gen Dato' Pahlawan Dr Mohona Dass A/L Ramasamy (Rtd) whom has served as an Independent Non-Executive Director ("INED") for more than twelve years, to continue to act as INED of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 90,862,933 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description 
To approve Loo Choo Hong whom has served as an INED for more than twelve years, to continue to act as INED of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 90,862,933 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 9

Description 
To approve Chng Eng Hing whom has served as an INED for more than twelve years, to continue to act as INED of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 90,862,933 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 10

Description 
To approve Low Yu Keat whom has served as an INED for more than twelve years, to continue to act as INED of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 90,862,933 0
% of Voted Shares 100.0000 0.0000
Result Accepted

11. Ordinary Resolution 11

Description 
Proposed Renewal of Existing Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Shareholders Mandate")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 1
No. of Shares 98,367,361 1
% of Voted Shares 99.9999 0.0001
Result Accepted

12. Ordinary Resolution 12

Description 
Authority to Issue and Allot Shares pursuant to Sections 75 and 76 of the Act
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 7
No. of Shares 98,293,653 73,709
% of Voted Shares 99.9251 0.0749
Result Accepted

13. Ordinary Resolution 13

Description 
Proposed Renewal of Authority to Purchase its Own Shares of up to 10% of the Total Number of Issued Shares in the Company ("Proposed Share Buy-Back")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 1
No. of Shares 98,367,361 1
% of Voted Shares 99.9999 0.0001
Result Accepted

14. Ordinary Resolution 7 - Tier 2

Description 
To approve Maj Gen Dato' Pahlawan Dr Mohona Dass A/L Ramasamy (Rtd) whom has served as an Independent Non-Executive Director ("INED") for more than twelve years, to continue to act as INED of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 5
No. of Shares 7,499,234 195
% of Voted Shares 99.9974 0.0026
Result Accepted

15. Ordinary Resolution 8 - Tier 2

Description 
To approve Loo Choo Hong whom has served as an INED for more than twelve years, to continue to act as INED of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 5
No. of Shares 7,494,234 195
% of Voted Shares 99.9974 0.0026
Result Accepted

16. Ordinary Resolution 9 - Tier 2

Description 
To approve Chng Eng Hing whom has served as an INED for more than twelve years, to continue to act as INED of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 38 5
No. of Shares 7,484,234 195
% of Voted Shares 99.9974 0.0026
Result Accepted

17. Ordinary Resolution 10 - Tier 2

Description 
To approve Low Yu Keat whom has served as an INED for more than twelve years, to continue to act as INED of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 41 2
No. of Shares 7,434,328 101
% of Voted Shares 99.9986 0.0014
Result Accepted

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