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Record Date: 20 December 2021
Payment Date: 28 December 2021

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

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%)

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.

The decrease in operating profit from KHR 64,680 million in financial year 2020 to KHR 31,033 million in financial year 2021, representing a decrease of KHR 33,647 million or 52.0% was mainly due to higher profit margin attributable to completion of two major projects in financial year 2020.

Net profit recorded at KHR5,980 million, representing a decrease of KHR23,463 million or 79.7% as compared to the net profit for the financial year 2020 at KHR29,443 million. Higher net profit in financial year 2020 was due to higher profit margin attributable to completion of two major projects.

The revenue for the quarter was derived from execution of electrical infrastructure projects in Cambodia and Papua New Guinea.