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Online Meeting Platform via Securities Services e-Portal
at https://sshsb.net.my/
with Remote Participation and Voting facilities
Malaysia
Outcome of Meeting
The Board of Directors of Lion Posim Berhad ("LPB") wishes to announce that all the ordinary resolutions set out in the Notice of the 41st Annual General Meeting of LPB ("41st AGM") were duly passed by the Shareholders way of poll at the 41st AGM held on 28 May 2024. The results of the poll were duly verified by Commercial Quest Sdn Bhd, the Independent Scrutineers appointed by LPB. Details of the results of the poll are set out below.
Voting Results
1. Ordinary Resolution 1
Description
To approve the payment of Directors' fees amounting to RM170,000 for the financial year ended 31 December 2023.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
205
57
No. of Shares
171,061,144
23,285
% of Voted Shares
99.9864
0.0136
Result
Accepted
2. Ordinary Resolution 2
Description
To approve the payment of Directors' benefits of up to RM87,000 for the period commencing after the 41st Annual General Meeting until the next annual general meeting of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
203
59
No. of Shares
171,060,964
23,465
% of Voted Shares
99.9863
0.0137
Result
Accepted
3. Ordinary Resolution 3
Description
To re-elect Y. Bhg. Tan Sri Abd Karim bin Shaikh Munisar who retires by rotation in accordance with Clause 110 of the Companys Constitution and who being eligible, has offered himself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
214
48
No. of Shares
171,064,498
19,931
% of Voted Shares
99.9884
0.0116
Result
Accepted
4. Ordinary Resolution 4
Description
To re-appoint Messrs Mazars PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
218
44
No. of Shares
171,065,200
19,229
% of Voted Shares
99.9888
0.0112
Result
Accepted
5. Ordinary Resolution 5
Description
To approve the authority to Directors to issue and allot shares.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
210
52
No. of Shares
171,066,276
18,153
% of Voted Shares
99.9894
0.0106
Result
Accepted
6. Ordinary Resolution 6
Description
To approve the proposed renewal of shareholders' mandate for recurrent related party
transactions of a revenue or trading nature.