Press Release on the Minutes of the General Shareholders’ Meeting (Unofficial Translation)

By May 31, 2023Latest News

Disclosure Details:

1 – Date of Meeting 2021-12-10 10:00
2 – Agenda 9:00 a.m. Registration of Shareholders, Outline the meeting agenda and presentation on the voting process.

10:00 a.m. Opening Speech by Chairman

10:15 a.m. Report of Annual Business Performance for financial ended 30 June 2021 by Chief Executive Officer and Question and Answer Session

11:00 a.m. Approval of the following resolutions:
1. Approval on the remuneration of the Board of Directors;
2. Approval on the re-election of Mr. Paul Lim Pay Chuan, Executive Chairman, in accordance with Article 18.1 of the Company’s Articles of Incorporation;
3. Approval on the re-election of Mr. Lim Ah Hock, Executive Director, in accordance with Article 18.1 of the Company’s Articles of Incorporation;
4. Approval on the re-election of Mr. Han Fatt Juan, Executive Director/Chief Executive Officer, in accordance with Article 18.1 of the Company’s Articles of Incorporation;
5. Approval on the re-election of Mr. Charles Tan Pu Hooi, Executive Director, in accordance with Article 18.1 of the Company’s Articles of Incorporation;
6. Approval on the dividend distribution of USD0.0065 per share for the financial year ended 30 June 2021;
7. Approval on authority to declare and distribute dividend for the financial year ending 30 June 2022;
8. Authority to Issue shares pursuant to the Company’s Articles of Incorporation;
9. Approval on the change of registered office’s address; and
10. Approval on the amendments to the Company’s Articles of Incorporation by deleting the old Articles in its entirety and replace with the new Articles, details of which are set out as per Annexure A of the Notice of General Meeting of Shareholders.

11:50 a.m. Collect Ballot Paper, Coffee Break, Announcement of Voting Results

12:30 p.m. End of Meeting
3 – Results in Points The meeting reviewed, discussed and approved as follows:

1. Approval on the remuneration of the Board of Directors (95.62%)
2. Approval on the re-election of Mr. Paul Lim Pay Chuan, Executive Chairman, in accordance with Article 18.1 of the Company’s Articles of Incorporation (95.62%)
3. Approval on the re-election of Mr. Lim Ah Hock, Executive Director, in accordance with Article 18.1 of the Company’s Articles of Incorporation (95.62%)
4. Approval on the re-election of Mr. Han Fatt Juan, Executive Director/Chief Executive Officer, in accordance with Article 18.1 of the Company’s Articles of Incorporation (95.62%)
5. Approval on the re-election of Mr. Charles Tan Pu Hooi, Executive Director, in accordance with Article 18.1 of the Company’s Articles of Incorporation (95.62%)
6. Approval on the dividend distribution of USD0.0065 per share for the financial year ended 30 June 2021 (95.62%)
7. Approval on authority to declare and distribute dividend for the financial year ending 30 June 2022 (95.62%)
8. Authority to Issue shares pursuant to the Company’s Articles of Incorporation (95.62%)
9. Approval on the change of registered office’s address (95.62%)
10. Approval on the amendments to the Company’s Articles of Incorporation by deleting the old Articles in its entirety and replace with the new Articles, details of which are set out as per Annexure A of the Notice of General Meeting of Shareholders (95.62%)
4 – Other Ms. Lynda Pan, the Corporate Secretary called the Meeting to order at 10:00 a.m. briefed the Shareholders who were present of the Meeting house rules. She then introduced the Board of Directors and Group Chief Financial Officer.

Mr. Paul Lim Pay Chuan, the Chairman was invited to deliver his opening speech. Thereafter, Mr. Han Fatt Juan, the Chief Executive Officer presented the Annual Business Performance for the financial year ended 30 June 2021 to the Shareholders.

The Corporate Secretary informed the Chairman that the requisite quorum being present in accordance with the Article 37 of the Company’s Articles of Incorporation, the Chairman declared that the Meeting duly convened.

The Corporate Secretary then went through polling procedures of the Meeting.

The Chairman presented the following resolutions to be voted by way of poll:

1. Approval on the remuneration of the Board of Directors;
2. Approval on the re-election of Mr. Paul Lim Pay Chuan, Executive Chairman, in accordance with Article 18.1 of the Company’s Articles of Incorporation;
3. Approval on the re-election of Mr. Lim Ah Hock, Executive Director, in accordance with Article 18.1 of the Company’s Articles of Incorporation;
4. Approval on the re-election of Mr. Han Fatt Juan, Executive Director/Chief Executive Officer, in accordance with Article 18.1 of the Company’s Articles of Incorporation;
5. Approval on the re-election of Mr. Charles Tan Pu Hooi, Executive Director, in accordance with Article 18.1 of the Company’s Articles of Incorporation;
6. Approval on the dividend distribution of USD0.0065 per share for the financial year ended 30 June 2021;
7. Approval on authority to declare and distribute dividend for the financial year ending 30 June 2022;
8. Authority to Issue shares pursuant to the Company’s Articles of Incorporation;
9. Approval on the change of registered office’s address; and
10. Approval on the amendments to the Company’s Articles of Incorporation by deleting the old Articles in its entirety and replace with the new Articles, details of which are set out as per Annexure A of the Notice of General Meeting of Shareholders.

The Chairman announced that the polls were opened and the Shareholders were required to cast their votes on the ballot paper that was distributed during the registration.

The Shareholders were invited to a coffee break while waiting for the poll results.

In conclusion, the Shareholders agreed to pass all ten (10) resolutions. The Meeting was adjourned at 12:30 p.m.
Download Files

1.PEPC – Notifcation of GM (Khmer)
2.PEPC – Notification of GM (Eng)