GENERAL MEETINGS: Outcome of Meeting
| AVALAND BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 19 Jun 2025 |
| Time | 10:00 AM |
| Venue(s) |
Zamrud Room, Ground Floor, The Saujana Hotel Kuala Lumpur, Jalan Lapangan Terbang SAAS, 40150 Shah Alam, Selangor Malaysia |
| Outcome of Meeting | The Board of Directors of Avaland Berhad ("the Company") is pleased to announce that all the resolutions as set out in the Notice of the Sixteenth Annual General Meeting ("16th AGM") dated 19 June 2025 were duly passed by the shareholders of the Company by way of poll voting at the 16th AGM of the Company held today.
The results of the poll were validated by Sky Corporate Services Sdn. Bhd., the Independent Scrutineer appointed by the Company. Details of the said results are set out in the attachment.
This announcement is dated 19 June 2025. |
Voting Results |
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1. 1 |
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| Description |
To re-elect Datin Chong Lee Hui who is retiring by rotation in accordance with Clause 97.1 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 55 | 3 |
| No. of Shares | 1,039,596,972 | 1,459,602 |
| % of Voted Shares | 99.8598 | 0.1402 |
| Result | Accepted | |
2. 2 |
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| Description |
To re-elect Mr. Robert Sy Lao who is retiring by rotation in accordance with Clause 97.1 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 55 | 3 |
| No. of Shares | 1,041,053,072 | 3,502 |
| % of Voted Shares | 99.9997 | 0.0003 |
| Result | Accepted | |
3. 3 |
||
| Description |
To re-elect Mr. Ng Gan Hooi who is retiring in accordance with Clause 104 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 55 | 2 |
| No. of Shares | 1,041,053,072 | 2 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
4. 4 |
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| Description |
To re-elect Mr. Darwin Lim Salipsip who is retiring in accordance with Clause 104 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 56 | 2 |
| No. of Shares | 1,041,056,572 | 2 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
5. 5 |
||
| Description |
To re-elect Mr. Augusto Cesar Del Mundo Bengzon who is retiring in accordance with Clause 104 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 55 | 3 |
| No. of Shares | 1,041,053,072 | 3,502 |
| % of Voted Shares | 99.9997 | 0.0003 |
| Result | Accepted | |
6. 6 |
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| Description |
To approve the payment of Directors' fees amounting up to RM150,000 per annum for the Non-Executive Chairman and up to RM120,000 per annum for each of the Non-Executive Directors in respect of the financial year ended 31 December 2024. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 56 | 2 |
| No. of Shares | 1,041,056,572 | 2 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
7. 7 |
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| Description |
To approve the payment of benefits payable to the Non-Executive Chairman and Non-Executive Directors from 20 June 2025 until the next AGM of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 56 | 2 |
| No. of Shares | 1,041,056,572 | 2 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
8. 8 |
||
| Description |
To appoint Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2025 and to authorise the Board of Directors to determine their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 56 | 2 |
| No. of Shares | 1,041,056,572 | 2 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
9. 9 |
||
| Description |
To approve the authority to continue to act as Chairman, Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 52 | 6 |
| No. of Shares | 1,020,389,172 | 20,667,402 |
| % of Voted Shares | 93.2453 | 6.7547 |
| Result | Accepted | |
10. 10 |
||
| Description |
To approve the authority to allot shares pursuant to Sections 75 and 76 of the Companies Act 2016 and Waiver of Pre-emptive Rights. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 54 | 4 |
| No. of Shares | 1,025,278,772 | 15,777,802 |
| % of Voted Shares | 98.4844 | 1.5156 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | AVALAND BERHAD |
| Stock Name | AVALAND |
| Date Announced | 19 Jun 2025 |
| Category | General Meeting |
| Reference Number | GMA-19062025-00014 |
| Corporate Action ID | MY250619MEET0014 |