General Meetings: Outcome Of Meeting

BackMay 25, 2022
Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 25 May 2022
Time 10:00 AM
Venue(s)

Broadcast Venue at Spectrum Room, Level 3A,

Connexion Conference & Event Centre (CCEC),

Nexus Bangsar South City, No 7, Jalan Kerinchi

59200 Kuala Lumpur

Malaysia
Outcome of Meeting

The Board of Directors of Hengyuan Refining Company Berhad ("the Company") wishes to announce that the resolutions as set out in the Notice of Annual General Meeting of the Company dated 26 April 2022 and tabled at the said Annual General Meeting held on 25 May 2022 were carried out by way of poll. The results of the poll are set out in the attachment below.

 

The Board of Directors is also pleased to announce that the poll results have been duly verified by the Independent Scrutineer namely, Asia Securities Sdn Bhd.

 

This announcement is dated 25 May 2022.

Voting Results

1. Ordinary Resolution 1
Description

To re-elect Mr Wang, YouDe retiring in accordance with Article 81(c) of the Constitution of the Company, and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 620 122
No. of Shares 169,478,769 176,832
% of Voted Shares 99.8958 0.1042
Result Accepted

2. Ordinary Resolution 2
Description

To re-elect Mr Alan Hamzah Sendut retiring in accordance with Article 81(c) of the Constitution of the Company, and who being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 623 120
No. of Shares 169,537,565 108,134
% of Voted Shares 99.9363 0.0637
Result Accepted

3. Ordinary Resolution 3
Description

To re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 634 110
No. of Shares 169,597,745 48,154
% of Voted Shares 99.9716 0.0284
Result Accepted

4. Ordinary Resolution 4
Description

To approve payment of Non-Executive Directors' fees and benefits of up to RM2,300,000.00 for the period from 1 June 2022 until 31 May 2023.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 557 181
No. of Shares 169,380,072 245,421
% of Voted Shares 99.8553 0.1447
Result Accepted

5. Ordinary Resolution 5
Description

Proposed Renewal of Authority to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 620 123
No. of Shares 158,827,371 10,805,927
% of Voted Shares 93.6298 6.3702
Result Accepted

6. Ordinary Resolution 6
Description

Proposed Renewal of Authority for Share Buy-Back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 642 101
No. of Shares 169,608,089 35,810
% of Voted Shares 99.9789 0.0211
Result Accepted

7. Ordinary Resolution 7
Description

Proposed Renewal of Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 632 110
No. of Shares 16,435,579 141,318
% of Voted Shares 99.1475 0.8525
Result Accepted



Please refer attachment below.

 

Announcement Info

Company Name HENGYUAN REFINING COMPANY BERHAD
Stock Name HENGYUAN
Date Announced 25 May 2022
Category General Meeting
Reference Number GMA-25052022-00016
Corporate Action ID MY220525MEET0015



Attachments

  1. HRC-Outcome_of_AGM.pdf (Size: 1,217,890 bytes)