[WASCO] General Meeting on 30-May-2023

Stock
[WASCO]: WASCO BERHAD
Announcement Date
27-Apr-2023
Reference No.
GMA-26042023-00081
Corporate Action ID
MY230426MEET0082
Type
General Meeting
Date & Time
30-May-2023 15:00
Depositor Date
24-May-2023
Venue
Broadcasting Venue,Matahari 3 & 4, Level 5, Cititel Mid Valley,Mid Valley City, Lingkaran Syed Putra,59200 Kuala Lumpur, Wilayah Persekutuan,MY
Description
Notice of Twenty-Third Annual General Meeting (23rd AGM) The 23rd AGM will be conducted through live streaming and online remote participation using Remote Participation and Voting Facilities as a fully virtual general meeting at the Broadcasting Venue
NOTICE OF 23RD AGM DATED 28 APRIL 2023 AND ADMIN GUIDE.pdf
Outcome

The Board of Directors of Wah Seong Corporation Berhad ("Company") wishes to announce that at its Twenty-Third Annual General Meeting ("23rd AGM") held this afternoon, all the ordinary resolutions and special resolution as set out in the Notice of 23rd AGM dated 28 April 2023 were duly approved by the shareholders of the Company.

All the ordinary resolutions and special resolution were voted by poll and the results of the poll were validated by Quantegic Services Sdn. Bhd., an independent Scrutineer appointed by the Company.

The detailed results of the poll are set out in the attachment.

This announcement is dated 30 May 2023.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the Directors' Fees of RM530,000 and Directors' Meeting Allowances of RM216,000 payable for the financial year ended 31 December 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 148 14
No. of Shares 518,385,822 19,000
% of Voted Shares 99.9963 0.0037
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the proposed increase in Directors' Fees of up to RM950,000 and Directors' Meeting Allowances of up to RM450,000 payable for the financial year ending 31 December 2023 and subsequent financial years.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 142 20
No. of Shares 518,361,577 43,245
% of Voted Shares 99.9917 0.0083
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Dato' Seri Robert Tan Chung Meng as Director who retires pursuant to Clause 117 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 143 11
No. of Shares 503,481,799 308,005
% of Voted Shares 99.9389 0.0611
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Chan Cheu Leong as Director who retires pursuant to Clause 117 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 153 10
No. of Shares 518,204,817 200,105
% of Voted Shares 99.9614 0.0386
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Tan Jian Hong, Aaron as Director who retires pursuant to Clause 117 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 139 15
No. of Shares 492,198,899 11,590,905
% of Voted Shares 97.6993 2.3007
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Datin Wan Daneena Liza Binti Wan Abdul Rahman as Director who retires pursuant to Clause 124 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 155 8
No. of Shares 518,311,554 93,368
% of Voted Shares 99.9820 0.0180
Result Accepted

7. Ordinary Resolution 7

Description 
To re-elect Lily Rozita Binti Mohamad Khairi as Director who retires pursuant to Clause 124 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 155 8
No. of Shares 518,311,554 93,368
% of Voted Shares 99.9820 0.0180
Result Accepted

8. Ordinary Resolution 8

Description 
To re-appoint PricewaterhouseCoopers 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 155 8
No. of Shares 518,299,879 105,043
% of Voted Shares 99.9797 0.0203
Result Accepted

9. Ordinary Resolution 9

Description 
To authorise the issuance of shares by the Directors of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 144 19
No. of Shares 488,142,030 30,262,892
% of Voted Shares 94.1623 5.8377
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Renewal of Shareholders' Mandate for the Existing Recurrent Related Party Transactions of a Revenue or Trading Nature ("RRPT") and Provision of Financial Assistance ("PFA") involving Dato' Seri Robert Tan Chung Meng, Madam Pauline Tan Suat Ming, Mr Tony Tan Choon Keat, Tan Chin Nam Sendirian Berhad, Tan Kim Yeow Sendirian Berhad and Wah Seong (Malaya) Trading Co. Sdn. Bhd.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 136 11
No. of Shares 177,036,179 112,751
% of Voted Shares 99.9364 0.0636
Result Accepted

11. Ordinary Resolution 11

Description 
Proposed Renewal of Shareholders' Mandate for the Existing RRPT and PFA involving Mr Chan Cheu Leong, Mr Chan Wei Keat and Mr Goh Eng Hooi.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 142 10
No. of Shares 453,688,852 4,851
% of Voted Shares 99.9989 0.0011
Result Accepted

12. Ordinary Resolution 12

Description 
Proposed Renewal of Shareholders' Mandate for the Existing RRPT and PFA involving Dato' Mohamed Nizam Bin Abdul Razak and Encik Mohd Azlan Bin Mohammed.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 152 10
No. of Shares 518,398,779 4,851
% of Voted Shares 99.9991 0.0009
Result Accepted

13. Ordinary Resolution 13

Description 
Proposed Renewal of Shareholders' Mandate for the Existing RRPT for the PFA involving Mr Li Bao Guo and Mr Guo Jun.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 151 11
No. of Shares 518,383,779 19,851
% of Voted Shares 99.9962 0.0038
Result Accepted

14. Ordinary Resolution 14

Description 
Proposed Gratuity Payment to Managing Director/Group Chief Executive Officer.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 121 18
No. of Shares 408,965,685 220,125
% of Voted Shares 99.9462 0.0538
Result Accepted

15. Special Resolution 1

Description 
Proposed Change of Name from Wah Seong Corporation Berhad to Wasco Berhad.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 155 7
No. of Shares 518,402,362 1,268
% of Voted Shares 99.9998 0.0002
Result Accepted

Remark
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