VSTECS

2.540

(%)

GENERAL MEETINGS: Outcome of Meeting

VSTECS BERHAD

Type of Meeting	General
Indicator	Outcome of Meeting
Date of Meeting	16 Jun 2020
Time	10:30 AM

Venue(s)

Broadcast Venue at Training Room, VSTECS Berhad

Lot 3, Jalan Teknologi 3/5,

Taman Sains Selangor, Kota Damansara,

47810 Petaling Jaya, Selangor Darul Ehsan

Malaysia

Outcome of Meeting

The Board of Directors of VSTECS Berhad ("VSTECS" or "the Company") wishes to announce that all resolutions set out in the Notice of the Twenty-Fourth Annual General Meeting ("24th AGM") dated 22 May 2020 were duly passed at the 24th AGM of the Company.

All of the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. The details of the poll results are set out below.

This announcement is dated 16 June 2020.

Voting Results

1. Resolution 1
Description	To re-elect Mr. Foo Sen Chin who retires in accordance with Clause 21.6 of the Constitution of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	35	3
No. of Shares	91,307,413	2,003
% of Voted Shares	99.9980	0.0020
Result	Accepted

2. Resolution 2
Description	To re-elect Mr. Ong Wei Hiam who retires in accordance with Clause 21.6 of the Constitution of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	36	3
No. of Shares	91,406,413	2,003
% of Voted Shares	99.9980	0.0020
Result	Accepted

3. Resolution 3
Description	To re-elect Dato' Khoo Sin Aik who retires in accordance with Clause 21.10 of the Constitution of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	36	3
No. of Shares	91,406,413	2,003
% of Voted Shares	99.9980	0.0020
Result	Accepted

4. Resolution 4
Description	To re-elect Encik Abdul Aziz bin Zainal Abidin who retires in accordance with Clause 21.10 of the Constitution of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	36	3
No. of Shares	91,406,413	2,003
% of Voted Shares	99.9980	0.0020
Result	Accepted

5. Resolution 5
Description	To approve the payment of Directors fees of RM417,113 (Ringgit Malaysia: Four Hundred Seventeen Thousand One Hundred and Thirteen) only for the financial year ended 31 December 2019.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	30	10
No. of Shares	91,300,813	17,603
% of Voted Shares	99.9810	0.0190
Result	Accepted

6. Resolution 6
Description	To re-appoint KPMG PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	37	2
No. of Shares	91,407,413	1,003
% of Voted Shares	99.9990	0.0010
Result	Accepted

7. Resolution 7
Description	Payment of Benefits Payable to the Directors under Section 230 of the Companies Act 2016.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	31	9
No. of Shares	91,299,913	18,503
% of Voted Shares	99.9800	0.0200
Result	Accepted

8. Resolution 8
Description	Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	33	8
No. of Shares	91,391,913	25,503
% of Voted Shares	99.9720	0.0280
Result	Accepted

9. Resolution 9
Description	Proposed Renewal of Authority for the Company to purchase its own shares.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	35	4
No. of Shares	91,404,413	4,003
% of Voted Shares	99.9960	0.0040
Result	Accepted

10. Resolution 10
Description	Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	34	5
No. of Shares	19,307,413	11,003
% of Voted Shares	99.9430	0.0570
Result	Accepted

Announcement Info

Company Name	VSTECS BERHAD
Stock Name	VSTECS
Date Announced	16 Jun 2020
Category	General Meeting
Reference Number	GMA-16062020-00012
Corporate Action ID	MY200616MEET0011