[YONGTAI] General Meeting on 26-Nov-2024

Stock
[YONGTAI]: YONG TAI BHD
Announcement Date
20-Nov-2024
Reference No.
GMA-20112024-00006
Corporate Action ID
MY241024MEET0020
Type
General Meeting
Date & Time
26-Nov-2024 10:00
Depositor Date
18-Nov-2024
Venue
Encore Melaka - Admiral Hall, No. 3, Jalan KSB-Impression 8, Impression City @ Kota Syahbandar, 75200 Melaka,
Description
YONG TAI BERHAD ("YTB" OR "THE COMPANY") ADDENDUM TO THE NOTICE OF THIRTIETH ANNUAL GENERAL MEETING AND PROXY FORM FOR INCLUSION OF AN ADDITIONAL ORDINARY RESOLUTION UNDER SPECIAL BUSINESS
YTB - Addendum to Notice of 30th AGM and Proxy Form.pdf
Outcome

The Board of Directors of Yong Tai Berhad ("the Company") is pleased to announce that all the resolutions as set out in the Notice of Thirtieth Annual General Meeting ("30th AGM") of the Company and Addendum to the Notice of AGM and proxy form dated 28 October 2024 and 20 November 2024 respectively were approved by the Shareholders by way of poll at the 30th AGM of the Company held on Tuesday, 26 November 2024at 10.00 a.m.

The results of the poll werevalidated by Synergy Professionals Group Sdn Bhd, the independent scrutineer appointed by the Company.

Details of the poll results for Resolutions 9 and 10which are voted by two-tier voting process are as follows:

Resolution

For

Against

Results

No. of Shares

%

No. of Shares

%

Resolution 9

Authority to continuing in office as Independent Non-Executive Director - Mr. Subramaniam A/L A.V. Sankar

Tier 1

29,750,026

100%

0

0

Accepted

Tier 2

114,131,150

99.99998%

20

0.00002%

Resolution 10

Authority to continuing in office as Independent Non-Executive Director – Datuk Ng Bee Ken

Tier 1

29,750,026

100%

0

0

Accepted

Tier 2

114,131,150

99.99998%

20

0.00002%

The poll results is attached herewith.

This announcement is dated 26 November 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' Fees amounting to RM737,000 in respect of the financial year ended 30 June 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 0
No. of Shares 113,519,170 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' Fees and benefits up to an amount not exceeding RM800,000 for the financial year ending 30 June 2025 and up to the date of the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 0
No. of Shares 113,519,170 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect the Director, who shall retire by rotation in accordance with Clause 81 of the Company's Constitution and being eligible, offer himself for re-election - Dato' Indera Syed Norulzaman Bin Syed Kamarulzaman
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 0
No. of Shares 143,881,196 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect the Director, who shall retire by rotation in accordance with Clause 81 of the Company's Constitution and being eligible, offer himself for re-election - Datuk Wira Boo Kuang Loon
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 0
No. of Shares 143,881,196 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect the Director, who shall retire by rotation in accordance with Clause 81 of the Company's Constitution and being eligible, offer himself for re-election - Mr. Anthony Ang Meng Huat
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 0
No. of Shares 143,881,196 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect the Director, who shall retire by rotation in accordance with Clause 81 of the Company's Constitution and being eligible, offer herself for re-election - Ms. Tang Po Yi
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 6
No. of Shares 139,637,176 4,244,020
% of Voted Shares 97.0503 2.9497
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company for the financial year ending 30 June 2025 and to authorise the Board of Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 0
No. of Shares 143,881,196 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the authority to allot and issue shares pursuant to Sections 75 & 76 of the Companies Act, 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 0
No. of Shares 143,881,196 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 9

Description 
Authority to continuing in office as Independent Non-Executive Director - Mr. Subramaniam A/L A.V. Sankar
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 1
No. of Shares 143,881,176 20
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 10

Description 
Authority to continuing in office as Independent Non-Executive Director - Datuk Ng Bee Ken
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 1
No. of Shares 143,881,176 20
% of Voted Shares 100.0000 0.0000
Result Accepted

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