GENERAL MEETINGS: Outcome of Meeting
| GUAN CHONG BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 26 Jun 2020 |
| Time | 11:00 AM |
| Venue(s) |
RUBY 2, LEVEL 8, HOLIDAY VILLA JOHOR BAHRU CITY CENTRE NO. 260, JALAN DATO' SULAIMAN, TAMAN ABAD 80250 JOHOR BAHRU, JOHOR Malaysia |
| Outcome of Meeting | The Board of Directors of Guan Chong Berhad is pleased to announce that the Shareholders of the Company had at the Annual General Meeting held this morning, passed by way of poll all the resolutions as set out in the notice of Annual General Meeting dated 28 May 2020.
The results of the poll were validated by the Independent Scrutineer, NGL Tricor Governance Sdn. Bhd.
This announcement is dated 26 June 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of shortfall of Directors' fees and allowances of RM28,700 for the financial year ended 31 December 2019 |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 102 | 2 |
| No. of Shares | 698,928,307 | 12,019,000 |
| % of Voted Shares | 98.3094 | 1.6906 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors' fees and allowances up to RM800,000 for the financial year ending 31 December 2020 payable monthly in arrears after each month of completed service of the Directors during the subject financial year |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 103 | 0 |
| No. of Shares | 710,799,807 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To declare a final single tier dividend of 1.0 sen per share in respect of the financial year ended 31 December 2019 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 104 | 0 |
| No. of Shares | 710,947,307 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Tay Hoe Lian, the Director who retire in accordance with Regulation 91 of the Company's Constitution |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 99 | 4 |
| No. of Shares | 708,978,986 | 1,820,821 |
| % of Voted Shares | 99.7438 | 0.2562 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect YBhg Dato Dr. Mohamad Musa Bin Md Jamil, the Director who retire in accordance with Regulation 91 of the Company's Constitution |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 91 | 13 |
| No. of Shares | 704,138,301 | 6,809,006 |
| % of Voted Shares | 99.0423 | 0.9577 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint Messrs BDO PLT as Auditors of the Company and to authorize the Directors to fix remuneration |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 104 | 0 |
| No. of Shares | 710,947,307 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
Proposed renewal of authority for Directors to allot and issue shares pursuant to Section 75 of the Companies Act 2016 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 101 | 2 |
| No. of Shares | 698,696,307 | 251,000 |
| % of Voted Shares | 99.9641 | 0.0359 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 101 | 0 |
| No. of Shares | 665,859,367 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
Proposed renewal of authority for the Company to purchase its own ordinary shares up to ten percent (10%) of its issued share capital |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 100 | 3 |
| No. of Shares | 708,605,307 | 2,194,500 |
| % of Voted Shares | 99.6913 | 0.3087 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
Proposed retention of YBhg Datuk Tay Puay Chuan as Independent Director |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 95 | 9 |
| No. of Shares | 694,921,986 | 16,025,321 |
| % of Voted Shares | 97.7459 | 2.2541 |
| Result | Accepted | |
11. Ordinary Resolution 11 |
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| Description |
Proposed retention of Tan Ah Lai as Independent Director |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 96 | 8 |
| No. of Shares | 694,921,986 | 16,015,321 |
| % of Voted Shares | 97.7473 | 2.2527 |
| Result | Accepted | |
Announcement Info
| Company Name | GUAN CHONG BERHAD |
| Stock Name | GCB |
| Date Announced | 26 Jun 2020 |
| Category | General Meeting |
| Reference Number | GMA-25062020-00012 |
| Corporate Action ID | MY200625MEET0011 |