GENERAL MEETINGS: Outcome of Meeting
| LION INDUSTRIES CORPORATION BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 30 May 2025 |
| Time | 10:30 AM |
| Venue(s) |
Meeting Hall, Level 16, Lion Office Tower No. 1 Jalan Nagasari 50200 Kuala Lumpur Wilayah Persekutuan Malaysia |
| Outcome of Meeting | The Board of Directors of Lion Industries Corporation Berhad ("LICB") wishes to announce that all the ordinary resolutions set out in the Notice of the 94th Annual General Meeting of LICB ("94th AGM") were duly passed by the Shareholders by way of poll at the 94th AGM held on 30 May 2025. The results of the poll were duly verified by Commercial Quest Sdn Bhd, the Independent Scrutineers appointed by LICB.
Details of the results of the poll are set out below. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees amounting to RM301,200 for the financial year ended 31 December 2024. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 53 | 5 |
| No. of Shares | 314,736,167 | 1,211 |
| % of Voted Shares | 99.9996 | 0.0004 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors' benefits of up to RM103,000 for the period commencing after the 94th Annual General Meeting until the next annual general meeting of the Company. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 53 | 5 |
| No. of Shares | 314,736,167 | 1,211 |
| % of Voted Shares | 99.9996 | 0.0004 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Y. Bhg. Dato' Sun Teoh Tia who was appointed during the financial year and retires in accordance with Clause 111 of the Company's Constitution and who being eligible, has offered himself for re-election. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 54 | 4 |
| No. of Shares | 314,736,267 | 1,111 |
| % of Voted Shares | 99.9996 | 0.0004 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Cik Zainab binti Dato' Hj. Mohamed who was appointed during the financial year and retires in accordance with Clause 111 of the Company's Constitution and who being eligible, has offered herself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 54 | 4 |
| No. of Shares | 314,736,267 | 1,111 |
| % of Voted Shares | 99.9996 | 0.0004 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-appoint Messrs Forvis Mazars PLT as Auditors of the Company and to authorise the Directors to fix their remuneration. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 54 | 4 |
| No. of Shares | 314,736,267 | 1,111 |
| % of Voted Shares | 99.9996 | 0.0004 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve the authority to Directors to issue and allot shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 53 | 5 |
| No. of Shares | 312,770,267 | 1,967,111 |
| % of Voted Shares | 99.3750 | 0.6250 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 39 | 4 |
| No. of Shares | 2,986,181 | 1,111 |
| % of Voted Shares | 99.9628 | 0.0372 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | LION INDUSTRIES CORPORATION BERHAD |
| Stock Name | LIONIND |
| Date Announced | 30 May 2025 |
| Category | General Meeting |
| Reference Number | GMA-16052025-00001 |
| Corporate Action ID | MY250516MEET0001 |