The Board of Directors of AppAsia Berhad (“AppAsia” or “Company”) is pleased to announce that all the resolutions set out in the Notice of the Sixteenth Annual General Meeting (“16th AGM”) dated 26 June 2020 were duly passed by way of poll at the 16th AGM of the Company held on Monday, 27 July 2020.
The results of the poll were validated by Quantegic Services Sdn. Bhd., the Independent Scrutineer appointed by the Company.
This annoucement is dated 27July 2020.
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 payable up to RM350,000.00 to the Directors of the Company from the conclusion of the 16th AGM until the conclusion of the next AGM of the Company in year 2021. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 27 | 0 |
No. of Shares | 231,573,000 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To re-elect Datuk Wira Rahadian Mahmud Bin Mohammad Khalil who retires by rotation in accordance with Clause 105(1) of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 27 | 0 |
No. of Shares | 231,573,000 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Wong Ngai Peow who retires by rotation in accordance with Clause 105(1) of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 25 | 0 |
No. of Shares | 229,070,000 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-appoint Messrs. UHY as Auditors of the Company until the conclusion of the next AGM and to authorise Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 27 | 0 |
No. of Shares | 231,573,000 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
5. Special Resolution 1 |
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Description |
Proposed Amendments to the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 27 | 0 |
No. of Shares | 231,573,000 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
6. Ordinary Resolution 5 |
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Description |
Authority to 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 | 27 | 0 |
No. of Shares | 231,573,000 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
7. Ordinary Resolution 6 |
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Description |
Proposed renewal of existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 23 | 0 |
No. of Shares | 135,571,700 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
8. Ordinary Resolution 7 |
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Description |
Proposed renewal of share buy-back authority for the Company to purchase its own ordinary shares. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 27 | 0 |
No. of Shares | 231,573,000 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |
9. Ordinary Resolution 8 |
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Description |
Proposed diversification of the business of the Company and its subsidiaries to include moneylending business. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 27 | 0 |
No. of Shares | 231,573,000 | 0 |
% of Voted Shares | 100.0000 | 0.0000 |
Result | Accepted | |