GENERAL MEETINGS: Outcome of Meeting
| LOTTE CHEMICAL TITAN HOLDING BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 05 May 2025 |
| Time | 10:00 AM |
| Venue(s) |
Ballroom 1 and 2, Level 2, Renaissance Johor Bahru Hotel, 2 Jalan Permas 11, Bandar Baru Permas Jaya, 81750 Masai, Johor Darul Takzim Malaysia |
| Outcome of Meeting | The Board of Directors of Lotte Chemical Titan Holding Berhad (“Company”) wishes to announce that all the resolutions as set out in the Notice of 2025 Annual General Meeting (“AGM”) of the Company dated 4 April 2025 were duly passed by the shareholders at the AGM of the Company held today by way of poll voting.
The results of the poll were validated by Quantegic Services Sdn. Bhd., the independent scrutineer appointed by the Company.
The details of the poll results are set out below as per the attachment.
This announcement is dated 5 May 2025. |
Voting Results |
||
1. Resolution 1 |
||
| Description |
To re-elect Tan Sri Datin Paduka Siti Sa'diah binti Sheikh Bakir who is retiring pursuant to Clause 100 of the Company's Constitution as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 61 | 18 |
| No. of Shares | 1,794,774,352 | 1,504,559 |
| % of Voted Shares | 99.9162 | 0.0838 |
| Result | Accepted | |
2. Resolution 2 |
||
| Description |
To re-elect Park Jae Sun who is retiring pursuant to Clause 100 of the Company's Constitution as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 40 | 39 |
| No. of Shares | 1,782,508,603 | 13,770,308 |
| % of Voted Shares | 99.2334 | 0.7666 |
| Result | Accepted | |
3. Resolution 3 |
||
| Description |
To re-elect Jang Seon Pyo who is retiring pursuant to Clause 107 of the Company's Constitution as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 60 | 19 |
| No. of Shares | 1,794,680,352 | 1,598,559 |
| % of Voted Shares | 99.9110 | 0.0890 |
| Result | Accepted | |
4. Resolution 4 |
||
| Description |
To re-elect Yu Seung Yong who is retiring pursuant to Clause 107 of the Company's Constitution as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 60 | 19 |
| No. of Shares | 1,794,680,352 | 1,598,559 |
| % of Voted Shares | 99.9110 | 0.0890 |
| Result | Accepted | |
5. Resolution 5 |
||
| Description |
To approve the payment of the following Directors' Fees for the financial year ending 31 December 2025: i) RM244,800 for Independent Non-Executive Chairman ii) RM170,100 for each Independent Non-Executive Director |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 52 | 25 |
| No. of Shares | 1,787,394,293 | 8,824,618 |
| % of Voted Shares | 99.5087 | 0.4913 |
| Result | Accepted | |
6. Resolution 6 |
||
| Description |
To approve the payment of Directors' remuneration and benefits (excluding Directors' Fees) to the Independent Non-Executive Directors up to an amount of RM194,400 with effect from 2025 AGM until the next Annual General Meeting of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 52 | 25 |
| No. of Shares | 1,787,394,293 | 8,824,618 |
| % of Voted Shares | 99.5087 | 0.4913 |
| Result | Accepted | |
7. Resolution 7 |
||
| Description |
To re-appoint Messrs Ernst & Young 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 | 59 | 20 |
| No. of Shares | 1,794,116,652 | 2,162,259 |
| % of Voted Shares | 99.8796 | 0.1204 |
| Result | Accepted | |
8. Resolution 8 |
||
| Description |
Proposed renewal of existing Shareholders' Mandate for recurrent related party transactions of a revenue or trading in nature and contracts entered into from time to time which are necessary or would facilitate the day-to-day operations. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 60 | 18 |
| No. of Shares | 66,982,852 | 1,504,559 |
| % of Voted Shares | 97.8032 | 2.1968 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | LOTTE CHEMICAL TITAN HOLDING BERHAD |
| Stock Name | LCTITAN |
| Date Announced | 05 May 2025 |
| Category | General Meeting |
| Reference Number | GMA-30042025-00003 |
| Corporate Action ID | MY250430MEET0003 |