| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 01 Jul 2020 |
| Time | 10:00 AM |
| Venue(s) |
Boardroom of the Company No. 20, Medan Bayan Lepas Technoplex MK 12, Taman Perindustrian Bayan Lepas 11900 Bayan Lepas, Pulau Pinang |
| Outcome of Meeting |
The Board of Directors of MI TECHNOVATION BERHAD ("Company") is pleased to announce that save for Ordinary Resolutions 1 & 2, where Mr. Koay Huck Khim and Mr. Foo Hee Chaik, were not seeking for re-election and retired upon conclusion of the 3rd Annual Genera Meeting ("AGM"), all other resolutions as set out in the Notice of the 3rd AGM of the Company were duly passsed by the Company's shareholders at its 3rd AGM duly held on 1 July 2020.
All the resolutions were voted on poll and the results of the poll were validated by Messrs Commericial Quest Sdn Bhd., the independent scruitneer appointed by the Company.
This announcement is dated 1 July 2020.
|
Voting Results |
||
1. Ordinary Resolution 1 |
||
| Description |
To re-elect Mr. Koay Huck Kim as Director who retired in accordance with Article 165 of the Companys' Constitution |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 0 | 0 |
| No. of Shares | 0 | 0 |
| % of Voted Shares | 0.0000 | 0.0000 |
| Result | Withdrawn/ Postponed | |
2. Ordinary Resolution 2 |
||
| Description |
To re-elect Mr. Foo Hee Chaik as Director who retired in accordance with Article 165 of the Company's Constitution |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 0 | 0 |
| No. of Shares | 0 | 0 |
| % of Voted Shares | 0.0000 | 0.0000 |
| Result | Withdrawn/ Postponed | |
3. Ordinary Resolution 3 |
||
| Description |
To re-elect Ms Yong Shiao Voon who retired in accordance with Article 156 of the Company's Constitution |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 73 | 3 |
| No. of Shares | 547,369,975 | 63,050 |
| % of Voted Shares | 99.9885 | 0.0115 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
||
| Description |
To approve payment of Directors' fees of up to RM150,000 in resepct of the financial year ending 31 December 2020 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 72 | 5 |
| No. of Shares | 547,363,475 | 71,050 |
| % of Voted Shares | 99.9870 | 0.0130 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
||
| Description |
To approve payment of benefit payables to Non-Executive Directors up to an amount of RM70,000 for the period from 2 July 2020 until the Company's next Annual General Meeting ("AGM") |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 68 | 8 |
| No. of Shares | 547,345,275 | 88,550 |
| % of Voted Shares | 99.9838 | 0.0162 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
||
| Description |
To re-apppint Messrs BDO PLT as Auditors to hold office until the conclusion of next AGM and to authorise the Board to fix their remuneration |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 68 | 2 |
| No. of Shares | 547,366,975 | 63,000 |
| % of Voted Shares | 99.9885 | 0.0115 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
||
| Description |
To empower the Directors to allot and issue shares in the capital of the Company purusuant to Section 75 of the Companies Act 2016 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 66 | 4 |
| No. of Shares | 547,362,325 | 67,650 |
| % of Voted Shares | 99.9876 | 0.0124 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
||
| Description |
To authorise the Board to purchase its own shares |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 66 | 4 |
| No. of Shares | 547,360,975 | 69,000 |
| % of Voted Shares | 99.9874 | 0.0126 |
| Result | Accepted | |
| Company Name | MI TECHNOVATION BERHAD |
| Stock Name | MI |
| Date Announced | 01 Jul 2020 |
| Category | General Meeting |
| Reference Number | GMA-26062020-00052 |
| Corporate Action ID | MY200626MEET0050 |