General Meetings: Outcome Of Meeting

BackJun 23, 2020
Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 23 Jun 2020
Time 10:00 AM
Venue(s)

Broadcast Venue at Tricor Leadership Room

Unit 32-01, Level 32, Tower A, Vertical Business Suite

Avenue 3, Bangsar South, 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 22 May 2020 and tabled at the said Annual General Meeting held on 23 June 2020 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 annouce that the poll results have been duly verified by the Independent Scrutineer namely, Asia Securities Sdn Bhd.

 

This announcement is dated 23 June 2020.

Voting Results

1. Ordinary Resolution 1
Description

To re-elect Puan Fauziah Hisham retiring in accordance with Article 81(c) of the Constitution of the Company, and who being eligible, have offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 170 34
No. of Shares 158,939,107 52,727
% of Voted Shares 99.9670 0.0330
Result Accepted

2. Ordinary Resolution 2
Description

To re-elect Mr Wang, ZongQuan retiring in accordance with Article 81(c) of the Constitution of the Company, and who being eligible, have offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 169 35
No. of Shares 157,635,017 1,356,817
% of Voted Shares 99.1470 0.8530
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 (AGM) and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 180 25
No. of Shares 158,946,917 45,917
% of Voted Shares 99.9710 0.0290
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 2020 until 30 May 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 155 48
No. of Shares 158,927,652 61,782
% of Voted Shares 99.9610 0.0390
Result Accepted

5. Ordinary Resolution 5
Description

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 169 35
No. of Shares 158,308,617 682,217
% of Voted Shares 99.5710 0.4290
Result Accepted

6. Ordinary Resolution 6
Description

Proposed authority for Share Buy-Back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 177 28
No. of Shares 158,942,317 50,517
% of Voted Shares 99.9680 0.0320
Result Accepted

7. Ordinary Resolution 7
Description

Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 171 32
No. of Shares 5,871,915 51,917
% of Voted Shares 99.1240 0.8760
Result Accepted

8. Special Resolution 1
Description

Proposed amendment of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 169 33
No. of Shares 158,933,707 52,027
% of Voted Shares 99.9670 0.0330
Result Accepted




Please refer attachment below.



Announcement Info

Company Name HENGYUAN REFINING COMPANY BERHAD
Stock Name HENGYUAN
Date Announced 23 Jun 2020
Category General Meeting
Reference Number GMA-22062020-00043
Corporate Action ID MY200622MEET0042

Attachments

  1. HRC-AGM_Result.pdf (Size: 553,931 bytes)