General Meetings: Outcome Of Meeting

BackMay 24, 2023
Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 24 May 2023
Time 10:00 AM

Venue(s)

Broadcast Venue at Spectrum Room, Level 3A

Connexion Conference & Event Centre

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 21 April 2023 and tabled at the said Annual General Meeting held on 24 May 2023 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 Berhad.

 

This announcement is dated 24 May 2023.

Voting Results

1. Ordinary Resolution 1
Description

To re-elect Mr Wang, ZongQuan who is 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 702 148
No. of Shares 164,142,585 250,445
% of Voted Shares 99.8477 0.1523
Result Accepted

2. Ordinary Resolution 2
Description

To re-elect Puan Fauziah Hisham who is retiring in accordance with Article 81(c) of the Constitution of the Company, and who being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 702 148
No. of Shares 164,322,383 70,746
% of Voted Shares 99.9570 0.0430
Result Accepted

3. Ordinary Resolution 3
Description

To re-elect Ms Tai Sook Yee who is retiring in accordance with Article 81(h) of the Constitution of the Company, and who being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 711 140
No. of Shares 164,333,884 59,246
% of Voted Shares 99.9640 0.0360
Result Accepted

4. Ordinary Resolution 4
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 726 126
No. of Shares 164,328,151 64,980
% of Voted Shares 99.9605 0.0395
Result Accepted

5. Ordinary Resolution 5
Description

To approve payment of Non-Executive Directors' fees and benefits of up to RM2,300,000.00 for the period from 1 June 2023 until 31 May 2024.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 634 209
No. of Shares 156,169,732 8,197,744
% of Voted Shares 95.0126 4.9874
Result Accepted

6. Ordinary Resolution 6
Description

Proposed Renewal of 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 688 161
No. of Shares 156,411,383 7,979,347
% of Voted Shares 95.1461 4.8539
Result Accepted

7. Ordinary Resolution 7
Description

Proposed Renewal of Authority for Share Buy-Back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 720 130
No. of Shares 156,474,057 7,918,673
% of Voted Shares 95.1831 4.8169
Result Accepted

8. Ordinary Resolution 8
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 698 150
No. of Shares 11,195,587 128,141
% of Voted Shares 98.8684 1.1316
Result Accepted

 

Please refer attachment below.

Announcement Info

Company Name HENGYUAN REFINING COMPANY BERHAD
Stock Name HENGYUAN
Date Announced 24 May 2023
Category General Meeting
Reference Number GMA-24052023-00008
Corporate Action ID MY230524MEET0007



Attachments

  1. HRC-Outcome_of_AGM_24_May_23.pdf (Size: 640,537 bytes)