[YBS] General Meeting on 29-Aug-2024

Stock
[YBS]: YBS INTERNATIONAL BERHAD
Announcement Date
30-Jul-2024
Reference No.
GMA-29072024-00032
Corporate Action ID
MY240729MEET0031
Type
General Meeting
Date & Time
29-Aug-2024 11:00
Depositor Date
23-Aug-2024
Venue
Room 5, Level 1, Ixora Hotel, 3096, Jalan Baru, Bandar Perai Jaya, 13600 Perai, Pulau Pinang
Description
Notice of the Twenty-Second Annual General Meeting ("22nd AGM")
YBSI01-Notice22ndAGM-Admin Guide.pdf
Outcome

TheBoard of Directors of YBS International Berhad (the “Company” or “YBS”) wishesto announce at the Twenty-Second ("22nd") Annual General Meeting (“AGM”) of the Company held today, the nine (9)ordinary resolutions as set out in the Notice of the 22nd AGM dated 31 July 2024were duly passed by way of poll.

The results of the poll were duly verified by Cygnus Technology SolutionsSdn. Bhd., the independent Scrutineer appointed by the Company.

The details of the pollresults of the AGM are set out below.

This announcement is dated 29 August 2024.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees of up to RM300,000 to the Independent Non-Executive Directors for the period commencing one day after the 22nd AGM until the conclusion of the next AGM of the Company in 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 0
No. of Shares 101,549,357 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' benefits payable of up to RM100,000 for the period commencing one day after the 22nd AGM until the conclusion of the next AGM of the Company in 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 0
No. of Shares 101,549,357 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Yong Swee Chuan who retires in accordance with Paragraph 102(1) of the Company's Constitution and who, being eligible, has offered himself for re-election.
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Result Withdrawn/ Postponed

4. Ordinary Resolution 4

Description 
To re-elect Dato' Jimmy Ong Chin Keng who retires in accordance with Paragraph 102(1) of the Company's Constitution and who, being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 6
No. of Shares 95,117,857 6,431,400
% of Voted Shares 93.6667 6.3333
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Poa Mei Ling who retires in accordance with Paragraph 107(2) of the Company's Constitution and who, being eligible, has offered herself for re-election.
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

6. Ordinary Resolution 6

Description 
To re-appoint Grant Thornton Malaysia PLT as auditors of the Company for the financial year ending 31 March 2025 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 0
No. of Shares 101,549,357 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
Retention of Low Hee Chung as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 4 0
No. of Shares 72,495,157 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description 
Retention of Gor Siew Yeng as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 4 0
No. of Shares 72,495,157 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 9

Description 
Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 51 0
No. of Shares 101,549,357 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Renewal of Authority for the Company to Purchase its Own Ordinary Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 2
No. of Shares 101,366,357 183,000
% of Voted Shares 99.8198 0.1802
Result Accepted

11. Ordinary Resolution 11

Description 
Proposed Granting of ESOS Options to Dato' Dr. Mohd Sofi Bin Osman, the Chairman/ Independent Non-Executive Director of the Company under the Company's Employees' Share Option Scheme that was Established in 2016 ("ESOS" or "the Scheme") ("ESOS Options").
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 11
No. of Shares 94,884,157 6,665,200
% of Voted Shares 93.4365 6.5635
Result Accepted

12. Ordinary Resolution 12

Description 
Proposed Granting of ESOS Options to Poa Mei Ling, an Executive Director of the Company under the Company's ESOS.
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

13. Ordinary Resolution 7 - Tier 2

Description 
Retention of Low Hee Chung as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 3
No. of Shares 29,041,900 12,300
% of Voted Shares 99.9577 0.0423
Result Accepted

14. Ordinary Resolution 8 - Tier 2

Description 
Retention of Gor Siew Yeng as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 3
No. of Shares 29,041,900 12,300
% of Voted Shares 99.9577 0.0423
Result Accepted

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