| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 04 Jun 2021 |
| Time | 10:00 AM |
| Venue(s) | Broadcast Venue, The Boardroom of the Company No. 20, Medan Bayan Lepas Technoplex MK 12, Taman Perindustrian Bayan Lepas 11900 Bayan Lepas, Pulau Pinang Malaysia |
| Outcome of Meeting |
The Board of Directors of MI TECHNOVATION BERHAD is pleased to announce that all the resolutions as set out in the Notice of the 4th Annual General Meeting ("AGM") of the Company were duly passed by the shareholders of the Company at its 4th AGM duly held on 4 June 2021.
All the resolutions were voted by a poll and results of the poll were validated by Commercial Quest Sdn. Bhd., the independent scruitneer appointed by the Company.
|
Voting Results |
||
1. Ordinary Resolution 1 |
||
| Description | To re-elect Mr. Lee Boon Leng, the Independent Non-Executive Chairman of the Company, who retired in accordance with Article 165 of the Constitution of the Company, and being eligible offered himself for re-election | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 173 | 5 |
| No. of Shares | 531,507,997 | 90,035 |
| % of Voted Shares | 99.9831 | 0.0169 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
||
| Description | To re-elect Mr. Lim Shin Lid, the Independent Non-Executive Director of the Company, who retired in accordance with Article 156 of the Constitution of the Company, and being eligible offered himself for re-election | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 172 | 6 |
| No. of Shares | 531,506,897 | 91,135 |
| % of Voted Shares | 99.9829 | 0.0171 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
||
| Description | To approve Directors' Fees of up to RM305,000 for the financial year ending 31 December 2021 | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 155 | 22 |
| No. of Shares | 531,448,745 | 149,137 |
| % of Voted Shares | 99.9719 | 0.0281 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
||
| Description | To approve the payment of benefits payable to the Non-Executive Directors up to an amount of RM45,000, from 5 June 2021 to the Company's next AGM which will be held in 2022 | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 154 | 22 |
| No. of Shares | 531,439,314 | 157,568 |
| % of Voted Shares | 99.9704 | 0.0296 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
||
| Description | To re-appoint Messrs BDO PLT as Auditors to hold office until the conclusion of the next AGM and to authorise the Board to fix their remuneration | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 173 | 4 |
| No. of Shares | 531,505,932 | 91,500 |
| % of Voted Shares | 99.9828 | 0.0172 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
||
| Description | To approve the authority to issue and allot shares pursuant to Section 75 of the Companies Act 2016 | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 153 | 26 |
| No. of Shares | 506,312,255 | 25,286,777 |
| % of Voted Shares | 95.2433 | 4.7567 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
||
| Description | To approve the proposed renewal authority to buy back its own shares by the Company | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 173 | 6 |
| No. of Shares | 531,506,030 | 93,002 |
| % of Voted Shares | 99.9825 | 0.0175 |
| Result | Accepted | |
| Company Name | MI TECHNOVATION BERHAD |
| Stock Name | MI |
| Date Announced | 04 Jun 2021 |
| Category | General Meeting |
| Reference Number | GMA-04062021-00001 |
| Corporate Action ID | MY210604MEET0001 |