The Board of Directors of Advancecon Holdings Berhad (“Advancecon” or “Company”) wishes to announce that,save for ordinary resolution 3 in respect of the re-election of Ir. Yeo An Thai, all resolutions set out in theNotice of the 26thAnnual General Meeting ("26th AGM") of the Company dated 28April 2023were duly passed by the shareholders of the Company by way of poll through the live streaming andonline meeting platform of TIIH Online via its website at https://tiih.online or https://tiih.com.my at the 26th AGM held on 29May2023.
The results of the poll were validated by Asia Securities Sdn Berhad, the Independent Scrutineer appointed by the Company.
This announcement is dated 29May2023.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the payment of Directors' fees and other benefits of up to RM302,640 in respect of the period from 30 May 2023 until the conclusion of the next AGM of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 82 | 14 |
No. of Shares | 398,653,667 | 28,485,210 |
% of Voted Shares | 93.3312 | 6.6688 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To re-elect Mr. Yeoh Chong Keat who is retiring by rotation in accordance with Clause 125 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 81 | 14 |
No. of Shares | 332,087,417 | 95,046,460 |
% of Voted Shares | 77.7479 | 22.2521 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Ir. Yeo An Thai who is retiring by rotation in accordance with Clause 125 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 44 | 52 |
No. of Shares | 83,615,567 | 343,523,310 |
% of Voted Shares | 19.5757 | 80.4243 |
Result | Rejected | |
4. Ordinary Resolution 4 |
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Description |
To re-elect Lee Elaine who is retiring in accordance with Clause 130 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 82 | 14 |
No. of Shares | 332,092,417 | 95,046,460 |
% of Voted Shares | 77.7481 | 22.2519 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-appoint Messrs. Crowe Malaysia PLT as auditors of the Company and to authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 89 | 7 |
No. of Shares | 427,076,767 | 62,110 |
% of Voted Shares | 99.9855 | 0.0145 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 78 | 18 |
No. of Shares | 359,948,717 | 67,190,160 |
% of Voted Shares | 84.2697 | 15.7303 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
Proposed Renewal of Authority for the Company to Purchase its Own Ordinary Shares ("Proposed Renewal of Share Buy-Back Authority") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 87 | 9 |
No. of Shares | 426,535,277 | 603,600 |
% of Voted Shares | 99.8587 | 0.1413 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Renewal of RRPTs Mandate") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 68 | 17 |
No. of Shares | 234,188,817 | 67,226,060 |
% of Voted Shares | 77.6965 | 22.3035 |
Result | Accepted | |
9. Ordinary Resolution 9 |
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Description |
Proposed Gratuity Payment to former Independent Non-Executive Director of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 80 | 15 |
No. of Shares | 426,997,567 | 139,310 |
% of Voted Shares | 99.9674 | 0.0326 |
Result | Accepted | |