VSTECS BERHAD - General Meetings: Outcome of Meeting

GENERAL MEETINGS: Outcome of Meeting

VSTECS BERHAD

Type of Meeting	General
Indicator	Outcome of Meeting
Date of Meeting	17 May 2022
Time	10:30 AM

Venue(s)

Broadcast Venue at Training Room, VSTECS Berhad

Lot 3, Jalan Teknologi 3/5,

Taman Sains Selangor, Kota Damansara,

47810 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-Sixth Annual General Meeting ("26th AGM") dated 18 April 2022 were duly passed at the 26th 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 17 May 2022.

Voting Results

1. Resolution 1
Description	To re-elect Mr. Ong Wei Hiam 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	123	18
No. of Shares	225,979,664	249,144
% of Voted Shares	99.8899	0.1101
Result	Accepted

2. Resolution 2
Description	To re-elect Dato' Khoo Sin Aik 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	124	17
No. of Shares	226,077,364	151,444
% of Voted Shares	99.9331	0.0669
Result	Accepted

3. Resolution 3
Description	To re-elect Ms. Cheryl Khor Hui Peng who retires in accordance with Clause 21.10 of the Constitution of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	123	18
No. of Shares	225,979,664	249,144
% of Voted Shares	99.8899	0.1101
Result	Accepted

4. Resolution 4
Description	To re-elect Madam Lee Marn Fong @ Wu Marn Fong who retires in accordance with Clause 21.10 of the Constitution of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	122	17
No. of Shares	182,697,364	151,444
% of Voted Shares	99.9172	0.0828
Result	Accepted

5. Resolution 5
Description	To approve the payment of Directors' fees of RM404,035/- (Ringgit Malaysia: Four Hundred Four Thousand and Thirty-Five) only for the financial year ended 31 December 2021.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	117	24
No. of Shares	226,055,060	173,748
% of Voted Shares	99.9232	0.0768
Result	Accepted

6. Resolution 6
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	131	9
No. of Shares	226,214,276	13,432
% of Voted Shares	99.9941	0.0059
Result	Accepted

7. Resolution 7
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	110	31
No. of Shares	226,043,048	185,760
% of Voted Shares	99.9179	0.0821
Result	Accepted

8. Resolution 8
Description	Proposed Retention of Mr. Wong Heng Chong as Independent Non-Executive Director.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	122	19
No. of Shares	225,974,664	254,144
% of Voted Shares	99.8877	0.1123
Result	Accepted

9. Resolution 9
Description	Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	118	23
No. of Shares	225,599,472	629,336
% of Voted Shares	99.7218	0.2782
Result	Accepted

10. Resolution 10
Description	Proposed Renewal of Authority for the Company to purchase its own shares.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	125	16
No. of Shares	226,066,484	162,324
% of Voted Shares	99.9282	0.0718
Result	Accepted

11. Resolution 11
Description	Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	120	17
No. of Shares	38,078,072	156,336
% of Voted Shares	99.5911	0.4089
Result	Accepted

Announcement Info

Company Name	VSTECS BERHAD
Stock Name	VSTECS
Date Announced	17 May 2022
Category	General Meeting
Reference Number	GMA-14052022-00002
Corporate Action ID	MY220514MEET0002