[UPA] General Meeting on 28-Jun-2024

Stock
[UPA]: UPA CORPORATION BHD
Announcement Date
29-Apr-2024
Reference No.
GMA-29042024-00067
Corporate Action ID
MY240429MEET0067
Type
General Meeting
Date & Time
28-Jun-2024 11:00
Depositor Date
21-Jun-2024
Venue
Broadcast Venue at Lot 8228, 6.5 Miles, Jalan Kuchai Lama, 58200 Kuala Lumpur
Description
UPA Corporation Bhd. - Notice of 28th Annual General Meeting
UPA - Notice of AGM 2024 n Admin Note.pdf
Outcome

UPA Corporation Bhd. (“Company”)wishes to informthat atthe 28th Annual General Meeting ("28th AGM") ofthe Companyheld on Friday, 28 June 2024:

1. the Audited Financial Statements for the financial year ended 31 December 2023together with the reports of the Directors and Auditors thereon, were properly laid and received by the members present at the 28th AGM; and

2. all the resolutions set forth in the Notice of 28th AGM dated 30 April 2024 were duly passed by way of poll.

The poll results at the 28th AGM were verified by M/s Symphony Corporate Services Sdn. Bhd., the Independent Scrutineers appointed by the Company pursuant to Paragraph 8.29A(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. Please refer to the attachment for the details of the poll results.

This announcement is dated 28June 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of a Final Single Tier Dividend of 3 sen per share in respect of the financial year ended 31 December 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 43 1
No. of Shares 132,816,340 3,600
% of Voted Shares 99.9973 0.0027
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' fees of RM300,000.00 for the financial year ended 31 December 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 9
No. of Shares 130,559,609 2,260,331
% of Voted Shares 98.2982 1.7018
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the Directors' benefits of up to RM100,000.00 with effect from 29 June 2024 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 10
No. of Shares 132,798,209 21,731
% of Voted Shares 99.9836 0.0164
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr. Ong Whee Sen, the Director who retires in accordance with Clause 86.1 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 5
No. of Shares 132,811,342 8,598
% of Voted Shares 99.9935 0.0065
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Ms. Ma Pin Yen, the Director who retires in accordance with Clause 86.1 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 4
No. of Shares 132,811,522 8,418
% of Voted Shares 99.9937 0.0063
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Mr. Cheah Tek Kuang, the Director who retires in accordance with Clause 86.1 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 4
No. of Shares 132,811,522 8,418
% of Voted Shares 99.9937 0.0063
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Messrs. Baker Tilly Monteiro Heng PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 4
No. of Shares 130,569,322 2,250,618
% of Voted Shares 98.3055 1.6945
Result Accepted

8. Ordinary Resolution 8

Description 
Gratuity Payment for Executive Director - Kok Kam Moi
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 10
No. of Shares 127,095,973 2,263,251
% of Voted Shares 98.2504 1.7496
Result Accepted

9. Ordinary Resolution 9

Description 
Gratuity Payment for Executive Director - Chua Ngeun Lok
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 9
No. of Shares 129,951,889 16,251
% of Voted Shares 99.9875 0.0125
Result Accepted

10. Ordinary Resolution 10

Description 
Gratuity Payment for Executive Director - Chua Ngeun Seong
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 32 10
No. of Shares 129,950,989 17,151
% of Voted Shares 99.9868 0.0132
Result Accepted

11. Ordinary Resolution 11

Description 
Retention of Mr. Low Hong Keng as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 5
No. of Shares 132,811,342 8,598
% of Voted Shares 99.9935 0.0065
Result Accepted

12. Ordinary Resolution 12

Description 
Retention of Mr. Ong Whee Sen as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 5
No. of Shares 132,811,342 8,598
% of Voted Shares 99.9935 0.0065
Result Accepted

13. Ordinary Resolution 13

Description 
Approval for Allotment of shares or Grant of rights.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 32 12
No. of Shares 132,802,499 17,441
% of Voted Shares 99.9869 0.0131
Result Accepted

14. Ordinary Resolution 14

Description 
Proposed Share Buy-Back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 37 7
No. of Shares 132,811,229 8,711
% of Voted Shares 99.9934 0.0066
Result Accepted

Remark
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Market Buzz

2024-06-28

Meeting Outcome

General Meeting on 28-Jun-2024.

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