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GENERAL MEETINGS: Outcome of Meeting

VSTECS BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 14 May 2024
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-Eighth Annual General Meeting ("28th AGM") dated 15 April 2024 were duly passed at the 28th 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 14 May 2024.

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 127 12
No. of Shares 203,987,388 90,944
% of Voted Shares 99.9554 0.0446
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 128 10
No. of Shares 204,074,088 4,244
% of Voted Shares 99.9979 0.0021
Result Accepted

3. Resolution 3

Description
To re-elect Madam Josephine Phan Su Han 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 128 10
No. of Shares 204,074,088 4,244
% of Voted Shares 99.9979 0.0021
Result Accepted

4. Resolution 4

Description
To approve the payment of Directors' fees of RM468,681 (Ringgit Malaysia: Four Hundred Sixty Eight Thousand and Six Hundred Eighty One) only for the financial year ended 31 December 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 118 20
No. of Shares 204,026,784 51,548
% of Voted Shares 99.9747 0.0253
Result Accepted

5. Resolution 5

Description
To approve the payment of Directors' fees of RM488,280 (Ringgit Malaysia: Four Hundred Eighty Eight Thousand and Two Hundred Eighty) only for the financial year ending 31 December 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 117 21
No. of Shares 204,024,584 53,748
% of Voted Shares 99.9737 0.0263
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 130 8
No. of Shares 204,073,200 5,132
% of Voted Shares 99.9975 0.0025
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 119 19
No. of Shares 204,024,784 53,548
% of Voted Shares 99.9738 0.0262
Result Accepted

8. Resolution 8

Description
Authority to Issue Shares pursuant to the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 115 22
No. of Shares 197,680,990 6,395,342
% of Voted Shares 96.8662 3.1338
Result Accepted

9. Resolution 9

Description
Proposed Renewal of Authority for the Company to purchase its own shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 118 19
No. of Shares 203,947,390 124,942
% of Voted Shares 99.9388 0.0612
Result Accepted

10. Resolution 10

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 120 14
No. of Shares 15,483,890 51,042
% of Voted Shares 99.6714 0.3286
Result Accepted






Announcement Info

Company Name VSTECS BERHAD
Stock Name VSTECS
Date Announced 14 May 2024
Category General Meeting
Reference Number GMA-13052024-00002
Corporate Action ID MY240513MEET0002



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