[MI] General Meeting on 06-Jun-2023

Stock
[MI]: MI TECHNOVATION BERHAD
Announcement Date
27-Apr-2023
Reference No.
GMA-20042023-00043
Corporate Action ID
MY230420MEET0042
Type
General Meeting
Date & Time
06-Jun-2023 10:00
Depositor Date
26-May-2023
Venue
Auditorium of the Company,No. 20 Medan Bayan Lepas Technoplex,MK 12, Taman Perindustrian Bayan Lepas,11900 Bayan Lepas, Penang,MY
Description
MI TECHNOVATION BERHAD NOTICE OF 6TH ANNUAL GENERAL MEETING ("AGM") OF THE COMPANY
Mi AGMNotice(28Apr2023).pdf
Outcome

The Board of Directors of MI TECHNOVATION BERHAD is pleased to announce that all the resolutions as set out in the Notice of 6th Annual General Meeting of the Company were duly passed by the shareholders of the Company at its 6th AGM duly held on 6 June2023.

All the resolutions were voted by poll and the results of the poll were validated by Messrs Commercial Quest Sdn. Bhd., the independent scruitneer appointed by the Company.

This announcement is dated 6th day of June 2023.

Voting Results

1. Ordinary Resolution 1

Description 
Re-election of Mr. Lee Boon Leng, the Independent Non-Executive Chairman of the Company, who retired in accordance with Article 165 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 76 3
No. of Shares 578,608,364 23,250
% of Voted Shares 99.9960 0.0040
Result Accepted

2. Ordinary Resolution 2

Description 
Re-election of Mr. Lim Shin Lid, the Independent Non-Executive Director of the Company, who retired in accordance with Article 165 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 78 2
No. of Shares 578,630,564 450
% of Voted Shares 99.9999 0.0001
Result Accepted

3. Ordinary Resolution 3

Description 
Re-election of Ms. Yong Shiao Voon, the Group Chief Financial Officer of the Company, who retired in accordance with Article 156 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 72 4
No. of Shares 577,848,464 752,300
% of Voted Shares 99.8700 0.1300
Result Accepted

4. Ordinary Resolution 4

Description 
Re-election of Mr. Heng Kok Lin, the Executive Director of the Company, who retired in accordance with Article 156 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 74 3
No. of Shares 578,168,434 449,800
% of Voted Shares 99.9233 0.0777
Result Accepted

5. Ordinary Resolution 5

Description 
Re-election of Mr. Teo Chee Kheong (Zhang Zhiqiang), the Executive Director of the Company, who retired in accordance with Article 156 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 77 2
No. of Shares 578,188,064 441,800
% of Voted Shares 99.9236 0.0764
Result Accepted

6. Ordinary Resolution 6

Description 
Approval for the payment of Directors' Fees of up to RM422,500 in respect of the financial year ending 31 December 2023
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 71 6
No. of Shares 578,085,964 340,900
% of Voted Shares 99.9411 0.0589
Result Accepted

7. Ordinary Resolution 7

Description 
Approval for the payment of benefits payable to Non-Executive Directors up to an amount of RM79,500 for the period from 7 June 2023 until the Company's next AGM which will be held in 2024
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 68 7
No. of Shares 578,064,334 341,800
% of Voted Shares 99.9409 0.0591
Result Accepted

8. Ordinary Resolution 8

Description 
Re-appointment of Messrs BDO PLT as Auditors to hold office until the conclusion of the next AGM and to authorise the Board to fix their remuneration
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 70 3
No. of Shares 578,581,334 18,800
% of Voted Shares 99.9968 0.0032
Result Accepted

9. Ordinary Resolution 9

Description 
Approval to issue and allot shares pursuant to Section 75 the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 9
No. of Shares 547,107,549 30,886,400
% of Voted Shares 94.6563 5.3437
Result Accepted

10. Ordinary Resolution 10

Description 
Approval for Share Buy-Back Renewal
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 13
No. of Shares 547,684,734 30,906,200
% of Voted Shares 94.6584 5.3416
Result Accepted

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