GENERAL MEETINGS: Outcome of Meeting
| VSTECS BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 13 May 2025 |
| Time | 10:30 AM |
| Venue(s) |
Greens III (Sports Wing), Tropicana Golf & Country Resort, Jalan Kelab Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Board of Directors of VSTECS Berhad ("VSTECS" or " the Company") wishes to announce that all resolutions set out in the Notice of the Twenty-Ninth Annual General Meeting ("29th AGM") dated 15 April 2025 were duly passed at the 29th AGM of the Company.
All of the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. The details of the poll results are set out below.
This announcement is dated 13 May 2025. |
Voting Results |
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1. Resolution 1 |
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| Description |
To re-elect Madam Lee Marn Fong @ Wu Marn Fong who retires in accordance with Clause 21.6 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 98 | 2 |
| No. of Shares | 211,093,560 | 43,000 |
| % of Voted Shares | 99.9796 | 0.0204 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To re-elect Madam Anne Rodrigues Nee Koh Lan Heong who retires in accordance with Clause 21.6 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 98 | 2 |
| No. of Shares | 211,093,560 | 43,000 |
| % of Voted Shares | 99.9796 | 0.0204 |
| Result | Accepted | |
3. Resolution 3 |
||
| Description |
To approve the payment of Directors' fees of RM513,100/- (Ringgit Malaysia: Five Hundred Thirteen Thousand and One Hundred) only for the financial year ending 31 December 2025. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 98 | 2 |
| No. of Shares | 211,093,560 | 43,000 |
| % of Voted Shares | 99.9796 | 0.0204 |
| Result | Accepted | |
4. Resolution 4 |
||
| Description |
To re-appoint KPMG 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 | 97 | 3 |
| No. of Shares | 211,092,560 | 44,000 |
| % of Voted Shares | 99.9792 | 0.0208 |
| Result | Accepted | |
5. Resolution 5 |
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| Description |
Payment of Benefits Payable to the Directors under Section 230 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 97 | 3 |
| No. of Shares | 211,079,160 | 57,400 |
| % of Voted Shares | 99.9728 | 0.0272 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
Authority to Issue Shares pursuant to the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 83 | 17 |
| No. of Shares | 198,549,654 | 12,586,906 |
| % of Voted Shares | 94.0385 | 5.9615 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
Proposed Renewal of Authority for the Company to purchase its own shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 96 | 4 |
| No. of Shares | 211,091,560 | 45,000 |
| % of Voted Shares | 99.9787 | 0.0213 |
| Result | Accepted | |
8. Resolution 8 |
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| Description |
Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 96 | 2 |
| No. of Shares | 209,893,560 | 43,000 |
| % of Voted Shares | 99.9795 | 0.0205 |
| Result | Accepted | |
Announcement Info
| Company Name | VSTECS BERHAD |
| Stock Name | VSTECS |
| Date Announced | 13 May 2025 |
| Category | General Meeting |
| Reference Number | GMA-13052025-00001 |
| Corporate Action ID | MY250513MEET0001 |