The Board of Directors of Formosa Prosonic Industries Berhad wishes to inform that the Company intends to seek approval from its shareholders at the forthcoming Thirty-Fourth Annual General Meeting of the Company to be convened, on the following proposals:
1. Renewal of shareholders' mandate for the Company and its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature; and
2. Renewal of shareholders' mandate for the Company to undertake share buy-backs of the Company's shares.
The Statement/Circular to Shareholders setting out the details of the above proposals will be issued to the shareholders of the Company in due course.
This announcement is dated 22 April 2022.