[KSSC] General Meeting on 24-May-2023

Stock
[KSSC]: K. SENG SENG CORPORATION BHD
Announcement Date
20-Apr-2023
Reference No.
GMA-20042023-00016
Corporate Action ID
MY230420MEET0016
Type
General Meeting
Date & Time
24-May-2023 10:00
Depositor Date
18-May-2023
Venue
Live streaming and online remote voting using Remote Participation and,Voting (RPV) facilities provided by Vote 2U via online,at https://web.vote2u.my.,(Domain registration number with MYNIC D6A471702),MY
Description
THIRTY-EIGHTH ANNUAL GENERAL MEETING
Notice of AGM.pdf
Outcome

The Board of Directors of K. Seng Seng Corporation Berhad (“the Company”) is pleased to announce that all theresolutionsas set out in the Notice of Annual General Meeting ("AGM") dated 25 April 2023 were duly passed at the AGM held earlier today.

The resolutions were decided by way of poll voting. The results of the poll were validated by Aegis Communications Sdn Bhd, the Independent Scrutineers appointed by the Company.

This announcement is dated 24 May 2023.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' Fees up to RM200,000 for the financial year ending 31 December 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 1
No. of Shares 37,826,743 6
% of Voted Shares 99.9999 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' Benefit up to RM25,000 for the period commencing from 25 May 2023 until the next Annual General Meeting in the year 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 1
No. of Shares 37,826,743 6
% of Voted Shares 99.9999 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Datuk Low Chin Koon who retires in accordance with Clause 99 of the Company's Constitution and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 37,826,749 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Teh Boon Beng who retires in accordance with Clause 99 of the Company's Constitution and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 37,826,749 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Lee Hai Peng who retires in accordance with Clause 99 of the Company's Constitution and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 0
No. of Shares 34,826,749 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Er Kian Hong who retires in accordance with Clause 99 of the Company's Constitution and being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 37,826,749 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
To re-elect Keh Chuan Seng who retires in accordance with Clause 99 of the Company's Constitution and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 20 0
No. of Shares 3,295,737 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description 
To re-appoint Messrs Baker Tilly Monteiro Heng PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 21 0
No. of Shares 37,826,749 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the authority under Sections 75 and 76 of the Companies Act 2016 and waiver of pre-emptive rights for the Directors to allot and issue shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 4
No. of Shares 37,826,526 223
% of Voted Shares 99.9994 0.0006
Result Accepted

10. Ordinary Resolution 10

Description 
To approve the proposed allocation of Employees' Share Option Scheme ("ESOS") Options to Datuk Low Chin Koon.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 4
No. of Shares 37,826,526 223
% of Voted Shares 99.9994 0.0006
Result Accepted

11. Ordinary Resolution 11

Description 
To approve the proposed allocation of ESOS Options to Teh Boon Beng.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 4
No. of Shares 37,826,526 223
% of Voted Shares 99.9994 0.0006
Result Accepted

12. Ordinary Resolution 12

Description 
To approve the proposed allocation of ESOS Options to Lee Hai Peng.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 4
No. of Shares 34,826,526 223
% of Voted Shares 99.9994 0.0006
Result Accepted

13. Ordinary Resolution 13

Description 
To approve the proposed allocation of ESOS Options to Er Kian Hong.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 4
No. of Shares 37,826,526 223
% of Voted Shares 99.9994 0.0006
Result Accepted

14. Ordinary Resolution 14

Description 
To approve the proposed allocation of ESOS Options to Keh Chuan Seng.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 4
No. of Shares 3,295,514 223
% of Voted Shares 99.9932 0.0068
Result Accepted

15. Ordinary Resolution 15

Description 
To approve the waiver of pre-emptive rights for issuance of new shares under ESOS.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 17 4
No. of Shares 37,826,526 223
% of Voted Shares 99.9994 0.0006
Result Accepted

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