On 28 May 2021, a statement was issued by the Prime Minister’s Office subsequent to the special meeting of the National Security Council where the decision was made to implement a lockdown in phases with the initial phase of a nationwide total lockdown starting from 1 June 2021 to 14 June 2021 nationwide to curb the sharp increase in COVID-19 infections in Malaysia. The Prime Minister’s Office had further announced on 11 June 2021 that the nationwide total lockdown will be extended for another two (2) weeks from 15 June 2021 to 28 June 2021.

In view of the COVID-19 pandemic and the ensuing enforcement of the total lockdown, Suruhanjaya Syarikat Malaysia (“SSM”) had vide its Practice Directive 8/2021 issued on 1 June 2021 granted an extension of time for a period of ninety (90) days to companies having financial years ended 30 November 2020 to 31 January 2021 by application for circulation/lodgement of financial statements and for holding of annual general meeting (for public companies only) (“EOT Application”), in support of the Government initiatives to ease the economic pressures faced by the corporate community arising from the COVID-19 pandemic.

In response, the Securities Commission Malaysia also issued a revision to its Guidance Notes and Frequently Asked Questions on the Conduct of General Meetings (“Updated SC Guidance”), which took effect on 1 June 2021 when the nationwide total lockdown is implemented. The Updated SC Guidance requires all listed issuers to conduct a fully virtual general meeting during the total lockdown period where all meeting participants including the Chairperson of the meeting, board members, senior management and shareholders participate in the meeting online.

OneTech had on 2 June 2021 issued a notice for the 1st AGM (“Notice”) to be held virtually via live streaming and online remote voting facilities from the broadcast venue at Meeting Room at B-SG-36, Level SG, Block B, Sunway Geo Avenue, Jalan Lagoon Selatan, Sunway South Quay, Bandar Sunway, 47500 Subang Jaya, Selangor on Friday, 25 June 2021 at 11.00 a.m..

Since the planned proceedings of the 1st AGM of the Company from the broadcast venue is no longer feasible to be conducted during the total lockdown period, the Board of Directors (“Board”) of OneTech has decided to postpone the 1st AGM to a later date (“Postponed 1st AGM”).  

The Board also wishes to announce that the SSM had on 14 June 2021 granted the EOT Application whereby OneTech shall hold its Postponed 1st AGM and lodge its audited financial statements for the financial year ended 31 December 2020 and Directors’ and Auditors’ Reports thereon by 28 September 2020 and 29 October 2021 respectively in accordance with Section 340(4) and Section 259(2) of the Companies Act 2016. 

The Board will continue to monitor the evolving situation of COVID-19 in Malaysia and will determine and announce the appropriate date to hold the Postponed 1st AGM of the Company. 

This announcement is dated 15 June 2021.