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Online Meeting Platform at https://meeting.boardroomlimited.my
(Domain Registration No. with MYNIC-D6A357657) with
Remote Participation and Electronic Voting Facilities
Malaysia
Outcome of Meeting
The Board of Directors of Kuchai Development Berhad ("the Company") is pleased to announce that all the resolutions set out in the notice of the Fifty-Fourth Annual General Meeting ("54th AGM") dated 31 October 2022 were duly passed at the 54th AGM held fully virtual via online meeting platform at https://meeting.boardroomlimited.my (Domain Registration No. with MYNIC-D6A357657) with Remote Participation and Electronic Voting Facilities on 8 December 2022.
All resolutions tabled at the 54th AGM were voted by poll and results of the poll were validated by the appointed Independent Scrutineer, M/s Sky Corporate Services Sdn. Bhd. Please refer to the attachment for the poll results validated by the scrutineer.
Voting Results
1. Ordinary Resolution 1
Description
To declare and approve the payment of Single Tier First and Final Dividend of 1 sen per ordinary share in respect of the financial year ended 30 June 2022
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
47
0
No. of Shares
65,426,795
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
2. Ordinary Resolution 2
Description
To declare and approve the payment of Single Tier Bonus Dividend of 1 sen per share
for the financial year ended 30 June 2022
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
47
0
No. of Shares
65,426,795
0
% of Voted Shares
0.0000
0.0000
Result
Accepted
3. Ordinary Resolution 3
Description
To approve the payment of Directors fees and other benefits not exceeding of RM400,000 from the conclusion of the 54th Annual General Meeting until the conclusion of the next annual General Meeting to be held in 2023
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
39
8
No. of Shares
65,343,110
83,685
% of Voted Shares
99.8721
0.1279
Result
Accepted
4. Ordinary Resolution 4
Description
To re-elect Mr Tay Beng Chai as Director
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
43
4
No. of Shares
65,339,022
87,773
% of Voted Shares
99.8658
0.1342
Result
Accepted
5. Ordinary Resolution 5
Description
To re-elect Mr Lee Chung-Shih Justin as Director
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
42
4
No. of Shares
65,101,540
87,773
% of Voted Shares
99.8654
0.1346
Result
Accepted
6. Ordinary Resolution 6
Description
To re-elect Mr Mugana Kerisnan A/L Karpiah as Director
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
43
4
No. of Shares
65,403,953
22,842
% of Voted Shares
99.9651
0.0349
Result
Accepted
7. Ordinary Resolution 7
Description
Re-appointment of Messrs Ernst & Young PLT as Auditors of the Company and authorise the Directors to fix their remuneration
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
46
1
No. of Shares
65,426,745
50
% of Voted Shares
99.9999
0.0001
Result
Accepted
8. Ordinary Resolution 8
Description
Authority to Allot and Issue Shares by Directors pursuant to Sections 75 & 76 of the Companies Act 2016
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
42
5
No. of Shares
65,398,953
27,842
% of Voted Shares
99.9574
0.0426
Result
Accepted
9. Ordinary Resolution 9
Description
Proposed Renewal of Shareholders Mandate for Share Buy-Back Authority