GENERAL MEETINGS: Outcome of Meeting
| YBS INTERNATIONAL BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 24 Aug 2023 |
| Time | 11:00 AM |
| Venue(s) |
Iconic 3, Level 7, The Iconic Hotel 71, Jalan Icon City, Icon City 14000 Bukit Mertajam, Penang Malaysia Malaysia |
| Outcome of Meeting | The Board of Directors of YBS International Berhad (the “Company” or “YBS”) wishes to announce at the Twenty-First (21st) Annual General Meeting (“AGM”) of the Company held today, the 11 (eleven) ordinary resolutions as set out in the Notice of the 27th AGM dated 28 July 2023 were duly passed by way of poll.
The results of the poll were duly verified by Cygnus Technology Solutions Sdn. Bhd., the independent Scrutineer appointed by the Company.
The details of the poll results of the AGM are set out below.
This announcement is dated 24 August 2023. |
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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| Description |
To approve the payment of Directors fees of up to RM250,000 to the Independent Non-Executive Directors for the period commencing one day after this 21st Annual General Meeting (AGM) until the conclusion of the next AGM of the Company in 2024. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 53 | 1 |
| No. of Shares | 56,945,479 | 3,000 |
| % of Voted Shares | 99.9947 | 0.0053 |
| Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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| Description |
To approve the payment of Directors benefits payable of up to RM70,000 for the period commencing one day after this 21st AGM until the conclusion of the next AGM of the Company in 2024. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 53 | 1 |
| No. of Shares | 56,945,479 | 3,000 |
| % of Voted Shares | 99.9947 | 0.0053 |
| Result | Accepted | |
3. ORDINARY RESOLUTION 3 |
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| Description |
To re-elect the following Directors who retire in accordance with Paragraph 102(1) of the Companys Constitution: (a) Mr. Yong Chan Cheah |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 54 | 0 |
| No. of Shares | 56,948,479 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. ORDINARY RESOLUTION 4 |
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| Description |
To re-elect the following Directors who retire in accordance with Paragraph 102(1) of the Companys Constitution: (b) Mr. Low Hee Chung |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 51 | 3 |
| No. of Shares | 56,948,179 | 300 |
| % of Voted Shares | 99.9995 | 0.0005 |
| Result | Accepted | |
5. ORDINARY RESOLUTION 5 |
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| Description |
To re-elect Dato Dr. Mohd Sofi Bin Osman who retires in accordance with Paragraph 107(2) of the Companys Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 54 | 0 |
| No. of Shares | 56,948,479 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. ORDINARY RESOLUTION 6 |
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| Description |
To re-appoint Crowe Malaysia PLT as auditors of the Company until the conclusion of the next AGM and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 54 | 0 |
| No. of Shares | 56,948,479 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. ORDINARY RESOLUTION 7 |
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| Description |
Retention of Mr. Low Hee Chung as Independent Director of the Company in accordance with the Malaysian Code on Corporate Governance until the conclusion of the next AGM of the Company in 2024. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 51 | 3 |
| No. of Shares | 56,948,179 | 300 |
| % of Voted Shares | 99.9985 | 0.0015 |
| Result | Accepted | |
8. ORDINARY RESOLUTION 8 |
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| Description |
Retention of Ms. Gor Siew Yeng as Independent Director of the Company in accordance with the Malaysian Code on Corporate Governance until the conclusion of the next AGM of the Company in 2024. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 51 | 3 |
| No. of Shares | 56,948,179 | 300 |
| % of Voted Shares | 99.9985 | 0.0015 |
| Result | Accepted | |
9. ORDINARY RESOLUTION 9 |
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| Description |
Waiver of Pre-emptive Rights under Section 85 of the Companies Act 2016 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 50 | 4 |
| No. of Shares | 51,709,079 | 5,239,400 |
| % of Voted Shares | 90.7998 | 9.2002 |
| Result | Accepted | |
10. ORDINARY RESOLUTION 10 |
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| Description |
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 52 | 2 |
| No. of Shares | 56,915,479 | 33,000 |
| % of Voted Shares | 99.9421 | 0.0579 |
| Result | Accepted | |
11. ORDINARY RESOLUTION 11 |
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| Description |
Renewal of authority to buy-back its own shares by the Company |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 54 | 0 |
| No. of Shares | 56,948,479 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Announcement Info
| Company Name | YBS INTERNATIONAL BERHAD |
| Stock Name | YBS |
| Date Announced | 24 Aug 2023 |
| Category | General Meeting |
| Reference Number | GMA-27072023-00030 |
| Corporate Action ID | MY230727MEET0030 |