FAVCO

2.060

-0.01 (-0.5%)

GENERAL MEETINGS: Outcome of Meeting

FAVELLE FAVCO BERHAD

Type of Meeting	General
Indicator	Outcome of Meeting
Date of Meeting	29 Jun 2021
Time	10:30 AM

Venue(s)

Online Meeting Platform via TIIH Online at

https://tiih.online as provided by Tricor Investor

& Issuing House Services Sdn Bhd in

Malaysia

Outcome of Meeting

On behalf of the Board of Directors of Favelle Favco Berhad ("FFB"), we are pleased to announce that at the Twenty-Ninth Annual General Meeting ("29th AGM") of FFB held on 29 June 2021, the shareholders of FFB had approved all the resolutions referred to in the Notice of 29th AGM dated 31 May 2021.

All the resolutions were determined by way of poll and the results of the poll were validated by Cooper Professional Scrutineers Sdn Bhd, the Independent Scrutineer appointed by the Company.

This announcement is dated 29 June 2021.

Voting Results

1. Ordinary Resolution 1
Description	To approve the declaration of a first and final tax exempt dividend of 8.0 sen per ordinary share in respect of the financial year ended 31 December 2020.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	338	27
No. of Shares	168,242,764	2,260
% of Voted Shares	99.9987	0.0013
Result	Accepted

2. Ordinary Resolution 2
Description	To re-elect Mr. Mac Ngan Boon @ Mac Yin Boon as Director of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	322	37
No. of Shares	158,752,216	6,895
% of Voted Shares	99.9957	0.0043
Result	Accepted

3. Ordinary Resolution 3
Description	To re-elect Tan Sri Dato Seri Ahmad Ramli Bin Haji Mohd Nor as Director of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	319	43
No. of Shares	166,275,829	1,666,195
% of Voted Shares	99.0079	0.9921
Result	Accepted

4. Ordinary Resolution 4
Description	To re-elect Tan Sri A. Razak Bin Ramli as Director of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	318	44
No. of Shares	166,161,129	1,780,895
% of Voted Shares	98.9396	1.0604
Result	Accepted

5. Ordinary Resolution 5
Description	To approve the payment of Directors' fees and benefits payable up to an amount of RM1,000,000.00, from 30 June 2021 until the next Annual General Meeting of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	296	65
No. of Shares	168,124,653	106,971
% of Voted Shares	99.9364	0.0636
Result	Accepted

6. Ordinary Resolution 6
Description	To re-appoint Messrs Crowe Malaysia PLT as the Company's Auditors for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	326	37
No. of Shares	168,224,959	17,065
% of Voted Shares	99.9899	0.0101
Result	Accepted

7. Ordinary Resolution 7 (First Tier)
Description	To retain Tan Sri A. Razak Bin Ramli as an Independent Non-Executive Director.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	1	0
No. of Shares	131,241,043	0
% of Voted Shares	100.0000	0.0000
Result	Accepted

8. Ordinary Resolution 7 (Second Tier)
Description	To retain Tan Sri A. Razak Bin Ramli as an Independent Non-Executive Director.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	313	47
No. of Shares	34,867,082	1,783,899
% of Voted Shares	95.1327	4.8673
Result	Accepted

9. Ordinary Resolution 8 (First Tier)
Description	To retain Tan Sri Dato' Seri Ahmad Ramli Bin Haji Mohd Nor as an Independent Non-Executive Director.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	1	0
No. of Shares	131,241,043	0
% of Voted Shares	100.0000	0.0000
Result	Accepted

10. Ordinary Resolution 8 (Second Tier)
Description	To retain Tan Sri Dato' Seri Ahmad Ramli Bin Haji Mohd Nor as an Independent Non- Executive Director.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	313	47
No. of Shares	34,867,082	1,783,899
% of Voted Shares	95.1327	4.8673
Result	Accepted

11. Ordinary Resolution 9
Description	To approve the Proposed Renewal of Authority for Share Buy-Back.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	329	36
No. of Shares	168,220,259	24,765
% of Voted Shares	99.9853	0.0147
Result	Accepted

12. Ordinary Resolution 10
Description	To approve the Proposed Renewal of the Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	314	37
No. of Shares	20,897,703	12,165
% of Voted Shares	99.9418	0.0582
Result	Accepted

Announcement Info

Company Name	FAVELLE FAVCO BERHAD
Stock Name	FAVCO
Date Announced	29 Jun 2021
Category	General Meeting
Reference Number	GMA-29062021-00016
Corporate Action ID	MY210629MEET0016