PROPOSED SHAREHOLDERS’ MANDATE            

Chuan Huat Resources Berhad had on 13 December 2023 obtained a mandate from its shareholders (“Shareholder Mandate) to enter into Recurrent Related Party Transactions (“RRPT”) which will lapse at the conclusion of the forthcoming AGM of the Company.

Pursuant thereto, the Board of Directors of the Company wishes to announce that in line with paragraph 10.09 of Chapter 10 and Practice Note 12 of the Listing Requirements of Bursa Malaysia Securities Berhad on RRPT of a revenue or trading nature, the Board proposes to seek shareholders' approval for the Proposed Shareholders’ Mandate at the forthcoming AGM scheduled to be convened in the month of December 2024.

The Proposed Shareholder' Mandate will take effect from the date of passing of the resolutions pursuant thereto at the forthcoming AGM and such approval shall continue to be in force until:

i.   The conclusion of the next AGM of the Company following the forthcoming AGM at which the Proposed Shareholder Mandate is passed, at which time it will lapse, unless by a resolution passed at such AGM whereby the authority is renewed; or

ii. The expiration of the period within which the next AGM after that date is required to be held pursuant to Section 340(1) of the Companies Act, 2016 (but must not extend to such extension as may be allowed pursuant to Section 340(4) of the Companies Act, 2016); or

iii. Revoked or varied by resolution passed by the shareholders in general meeting;

Whichever is the earlier.

A circular containing the information on the Proposed Shareholders’ Mandate will be sent to the shareholders of CHRB in due course.

This announcement is made on 29 August 2024.