[TCHONG] General Meeting on 01-Jun-2023

Stock
[TCHONG]: TAN CHONG MOTOR HOLDINGS BHD
Announcement Date
27-Apr-2023
Reference No.
GMA-26042023-00082
Corporate Action ID
MY230426MEET0083
Type
General Meeting
Date & Time
01-Jun-2023 14:30
Depositor Date
25-May-2023
Venue
Broadcast Venue: Tricor Business Centre, Gemilang Room,Unit 29-01, Level 29, Tower A, Vertical Business Suite,Avenue 3, Bangsar South, No. 8, Jalan Kerinchi,59200 Kuala Lumpur,MY
Description
Notice of 51st Annual General Meeting ("51st AGM") of Tan Chong Motor Holdings Berhad ("TCMH"). The 51st AGM of TCMH will be held virtually at the Broadcast Venue via Remote Participation and Voting Facilities at https://tiih.online
TCMH-Notice of AGM 2023 and Administrative Guide.pdf
Outcome

The Board of Directors of Tan Chong Motor Holdings Berhad ("TCMH") is pleased to announce that all the resolutions set out in the notice of the 51stAnnual General Meeting ("51stAGM") dated 28 April2023were duly passed by the shareholders of TCMH at the 51stAGM held on even date.

The Audited Financial Statements of the Company for the financial year ended 31 December 2022and the Reports of the Directors and Auditors thereon were tabled and received at the 51st AGM under Agenda 1.

All resolutions were voted upon by poll via remote participation and voting facilities and the poll results were validated by Asia Securities Sdn. Berhad, the independent scrutineer appointed by TCMH.

Details of the poll results are set out below.

This announcement is dated 1June2023.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Dato' Tan Heng Chew as a Director of the Company in accordance with Article 103 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 281 47
No. of Shares 396,811,711 17,767
% of Voted Shares 99.9955 0.0045
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr. Ho Wai Ming as a Director of the Company in accordance with Article 103 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 281 46
No. of Shares 396,820,911 8,517
% of Voted Shares 99.9979 0.0021
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors' fees of up to RM770,000 in aggregate to the Non-Executive Directors of the Company and up to RM32,400 in aggregate to the Non-Executive Directors of TC Trust Labuan Limited, a subsidiary of the Company, during the course of the period from 2 June 2023 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 272 54
No. of Shares 396,811,726 17,687
% of Voted Shares 99.9955 0.0045
Result Accepted

4. Ordinary Resolution 4

Description 
To approve Directors' benefits of up to RM500,000 in aggregate to the Non-Executive Directors of the Company, up to RM10,800 in aggregate to the Non-Executive Directors of TC Capital Resources Sdn. Bhd., up to RM7,200 in aggregate to the Non-Executive Directors of Tan Chong & Sons Motor Company Sdn. Bhd., and up to RM3,600 in aggregate to the Non-Executive Director of TMC Services Sdn. Bhd., subsidiaries of the Company, during the course of the period from 2 June 2023 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 268 56
No. of Shares 396,794,016 15,347
% of Voted Shares 99.9961 0.0039
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint KPMG PLT as Auditors of the Company for the financial year ending 31 December 2023 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 287 39
No. of Shares 396,875,033 8,157
% of Voted Shares 99.9979 0.0021
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed renewal of authority for the Company to purchase its own shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 282 45
No. of Shares 329,946,230 66,937,860
% of Voted Shares 83.1342 16.8658
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed Shareholders' Mandate for recurrent related party transactions with Warisan TC Holdings Berhad and its subsidiaries and jointly-controlled entities.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 260 48
No. of Shares 70,396,344 13,327
% of Voted Shares 99.9811 0.0189
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Shareholders' Mandate for recurrent related party transactions with APM Automotive Holdings Berhad and its subsidiaries and joint ventures.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 259 49
No. of Shares 70,396,783 12,888
% of Voted Shares 99.9817 0.0183
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed Shareholders' Mandate for recurrent related party transactions with Tan Chong International Limited and its subsidiaries.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 259 48
No. of Shares 70,396,883 11,888
% of Voted Shares 99.9831 0.0169
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Shareholders' Mandate for recurrent related party transactions with Auto Dunia Sdn. Bhd.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 260 49
No. of Shares 70,399,485 10,788
% of Voted Shares 99.9847 0.0153
Result Accepted

Remark
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