[WCEHB] General Meeting on 27-Aug-2024

Stock
[WCEHB]: WCE HOLDINGS BERHAD
Announcement Date
24-Jul-2024
Reference No.
GMA-22072024-00006
Corporate Action ID
MY240722MEET0006
Type
General Meeting
Date & Time
27-Aug-2024 14:30
Depositor Date
20-Aug-2024
Venue
Unit 7-21, Wisma Conlay No. 1, Jalan USJ 10/1 Taipan Business Centre 47620 Subang Jaya
Description
The Twenty-Third Annual General Meeting will be conducted on a virtual basis through live streaming using Remote Participation and Voting Facilities.
WCEHB_Notice of 23rd AGM.pdf
Outcome

The Board of Directors of WCE Holdings Berhad ("the Company") wishes to announce that all the resolutions set out in the Notice of the Twenty-ThirdAnnual General Meeting ("23rdAGM") dated 25 July2024were duly passed by the shareholders of the Company by way of poll at the 23rd AGM held on a virtual basis through live streaming from the Broadcast Venue at Unit 7-21, Wisma Conlay, No. 1, Jalan USJ 10/1, Taipan Business Centre, 47620 Subang Jaya, Selangor using the Remote Participation and Voting Facilities provided by Metra Management Sdn Bhd via its website at www.metramanagement.com.my (Domain Registration No. D1A403946) on Tuesday, 27August 2024.

The results of the poll were validated by Symphony Corporate Services Sdn Bhd, the Scrutineer appointed by the Company.

The results of the poll of the 23rdAGM of the Company are attached herewith.

The detailsof the poll resultsfor Ordinary Resolution6 areas follows:-

Resolution

Description

Shareholders Action

Voted

Results

Voted

No. of Shareholders

No. of Shares

% of Voted Shares

Ordinary Resolution 6– Tier 1

Proposed continuation of Datuk Ir. Hamzah Bin Hasanin office as Independent Non-Executive Director.

For Voting

For

Against

1

0

796,105,843

0

100.0000

0.0000

Accepted

Ordinary Resolution 6– Tier 2

Proposed continuation of Datuk Ir. Hamzah Bin Hasanin office as Independent Non-Executive Director.

For Voting

For

Against

67

17

1,078,112,724

1,416,655

99.8688

0.1312

Accepted

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of the Directors' fees of RM1,287,666.00 for the financial year ended 31 March 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 23
No. of Shares 1,874,269,487 1,416,935
% of Voted Shares 99.9245 0.0755
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' Benefits of up to RM120,000.00 for the period from the Twenty-Third Annual General Meeting until the Twenty-Fourth Annual General Meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 25
No. of Shares 1,873,424,742 2,242,680
% of Voted Shares 99.8804 0.1196
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect the Director, Tang King Hua, who is retiring by rotation pursuant to Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 77 10
No. of Shares 1,872,617,806 3,117,416
% of Voted Shares 99.8338 0.1662
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect the Director, Tan Chor Teck, who is retiring by rotation pursuant to Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 78 9
No. of Shares 1,875,333,140 402,082
% of Voted Shares 99.9786 0.0214
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs Baker Tilly Monterio Heng PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 80 9
No. of Shares 1,875,600,815 140,707
% of Voted Shares 99.9925 0.0075
Result Accepted

6. Ordinary Resolution 6

Description 
Proposed continuation of Datuk Ir. Hamzah Bin Hasan in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 68 17
No. of Shares 1,874,215,567 1,416,655
% of Voted Shares 99.9245 0.0755
Result Accepted

7. Ordinary Resolution 7

Description 
Authority to issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 25
No. of Shares 1,873,441,781 2,225,741
% of Voted Shares 99.8813 0.1187
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 72 15
No. of Shares 1,078,780,388 851,291
% of Voted Shares 99.9212 0.0789
Result Accepted

Remark
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