General Meetings: Outcome Of Meeting

BackMay 28, 2024

 

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 28 May 2024
Time 10:00 AM
Venue(s) Broadcast Venue at Zenith Junior Ballroom
Level M1, Connexion Conference & Event Centre
Nexus Bangsar South City, No. 8, 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 2024 and tabled at the said Annual General Meeting held on 28 May 2024 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 28 May 2024.

Voting Results

1. Ordinary Resolution 1
Description To re-elect Mr Wang, YouDe 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 626 144
No. of Shares 162,937,977 425,949
% of Voted Shares 99.7393 0.2607
Result Accepted

2. Ordinary Resolution 2
Description To re-elect Mr Surinderdeep Singh a/l Mohindar Singh 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 628 142
No. of Shares 163,245,727 118,199
% of Voted Shares 99.9276 0.0724
Result Accepted

3. Ordinary Resolution 3
Description To re-elect Ms Li, XiaoXia 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 631 138
No. of Shares 163,257,127 106,798
% of Voted Shares 99.9346 0.0654
Result Accepted

4. Ordinary Resolution 4
Description To appoint KPMG PLT as auditors of the Company for the financial year ending 31 December 2024 in place of the outgoing auditors, PricewaterhouseCoopers PLT and to hold office until conclusion of the next annual general meeting at a remuneration to be determined by the directors.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 641 129
No. of Shares 163,264,034 99,892
% of Voted Shares 99.9389 0.0611
Result Accepted

5. Ordinary Resolution 5
Description To approve payment of Non-Executive Directors' fees and benefits of up to RM2,400,000.00 for the period from 1 June 2024 until 31 May 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 574 191
No. of Shares 155,136,586 8,210,315
% of Voted Shares 94.9737 5.0263
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 625 144
No. of Shares 155,366,332 7,997,593
% of Voted Shares 95.1044 4.8956
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 634 136
No. of Shares 155,408,807 7,955,218
% of Voted Shares 95.1304 4.8696
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 625 142
No. of Shares 10,143,224 151,699
% of Voted Shares 98.5265 1.4735
Result Accepted

 

Please refer attachment below.


Announcement Info

Company Name HENGYUAN REFINING COMPANY BERHAD
Stock Name HENGYUAN
Date Announced 28 May 2024
Category General Meeting
Reference Number GMA-28052024-00005
Corporate Action ID MY240528MEET0005

Attachments

  1. HRC-Outcome_of_AGM_20240528.pdf (Size: 843,946 bytes)