General Meeting

29/08/2022

GENERAL MEETINGS: Outcome of Meeting

WCE HOLDINGS BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 29 Aug 2022
Time 02:30 PM

Venue(s) 
Unit 7-21, Wisma Conlay

No. 1, Jalan USJ 10/1

Taipan Business Centre

47620 Subang Jaya

Malaysia

Outcome of Meeting

The Board of Directors of WCE Holdings Berhad ("the Company") wishes to announce that all the resolutions set out in the Notice of the Twenty-First Annual General Meeting ("21st AGM") dated 28 July 2022 were duly passed by the shareholders of the Company by way of poll at the 21st AGM held on a virtual basis at the Broadcast Venue at Unit 7-21, Wisma Conlay, No. 1, Jalan USJ 10/1, Taipan Business Centre, 47620 Subang Jaya, Selangor through live streaming using the Remote Participation and Voting Facilities on Monday, 29 August 2022.


The results of the poll were validated by Symphony Corporate Services Sdn Bhd, the Scrutineer appointed by the Company.


The results of the poll of the 21st AGM of the Company are attached herewith.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of the Directors' fees of RM981,300.00 for the financial year ended 31 March 2022.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 27
No. of Shares 1,855,671,976 12,064,207
% of Voted Shares 99.3541 0.6459
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' Benefits of up to RM120,000.00 for the period from the Twenty-First Annual General Meeting until the Twenty-Second Annual General Meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 26
No. of Shares 1,865,424,026 2,312,157
% of Voted Shares 99.8762 0.1238
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect the Director, Datuk Ir. Hamzah bin Hasan, who is retiring by rotation pursuant to Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 50 12
No. of Shares 1,866,376,446 1,389,737
% of Voted Shares 99.9256 0.0744
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect the Director, Lee Chun Fai, who is retiring by rotation pursuant to Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 55 7
No. of Shares 1,866,445,282 1,320,901
% of Voted Shares 99.9293 0.0707
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs Baker Tilly Monteiro Heng PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 54 8
No. of Shares 1,866,775,276 990,907
% of Voted Shares 99.9469 0.0531
Result Accepted

6. Ordinary Resolution 6 (FIRST TIER)

Description 
Proposed continuation of Datuk Oh Chong Peng in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 796,105,843 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 6 (SECOND TIER)

Description 
Proposed continuation of Datuk Oh Chong Peng in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 12
No. of Shares 1,070,336,263 1,324,077
% of Voted Shares 99.8764 0.1236
Result Accepted

8. Ordinary Resolution 7

Description 
Authority to issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 17
No. of Shares 1,855,696,376 11,190,907
% of Voted Shares 99.4006 0.5994
Result Accepted

9. Ordinary Resolution 8

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 50 10
No. of Shares 1,070,136,403 645,037
% of Voted Shares 99.9398 0.0602
Result Accepted



Please refer attachment below.

Attachments

Poll Results.pdf
430.0 kB



Announcement Info

Company Name WCE HOLDINGS BERHAD
Stock Name WCEHB
Date Announced 29 Aug 2022
Category General Meeting
Reference Number GMA-29082022-00009
Corporate Action ID MY220829MEET0009


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