Page 18 - HRC_AR2020

16 I 2020 ANNUAL REPORT I ABOUT hRC

NOTICE OF 62 ANNUAL gENERAL mEETINg
ND

AND ThAT the authority to facilitate the Proposed Share Buy-Back will commence immediately
upon passing of this Ordinary Resolution and will continue to be in force until:
a. the conclusion of the next AGM of the Company following at which time the authority
shall lapse unless by ordinary resolution passed at the meeting, the authority is renewed,
either unconditionally or subject to conditions;
b. the expiration of the period within which the next AGM after that date is required by law
to be held; or
c. revoked or varied by ordinary resolution passed by the shareholders of the Company at a
general meeting,

whichever occurs first, but shall not prejudice the completion of purchase(s) by the Company of
its own Shares before the aforesaid expiry date and, in any event, in accordance with the Listing
Requirements and any applicable laws, rules, regulations, orders, guidelines and requirements
issued by any relevant authorities.
AND ThAT the Directors of the Company be and are hereby authorised, at their discretion, to deal
with the Purchased Shares until all the Purchased Shares have been dealt with by the Directors
in the following manner as may be permitted by the Act, Listing Requirements, applicable laws,
rules, regulations, guidelines, requirements and / or orders of any relevant authorities for the time
being in force:

i. To cancel all or part of the Purchased Shares;
ii. To retain all or part of the Purchased Shares as treasury shares as defined in Section 127 of
the Act;
iii. To distribute all or part of the treasury shares as dividends to the shareholders of the
Company;
iv. To resell all or part of the treasury shares;
v. To transfer all or part of the treasury shares for the purposes of or under the employees’
share scheme established by the Company and/or its subsidiaries;
vi. To transfer all or part of the treasury shares as purchase consideration;
vii. To sell, transfer or otherwise use the shares for such other purposes as the Minister may by
order prescribe; and / or
viii. To deal with the treasury shares in the manners as allowed by the Act, Listing Requirements,
applicable laws, rules, regulations, guidelines, requirements and / or orders of any relevant
authorities for the time being in force.
AND ThAT the Directors of the Company be and are hereby authorised to take all such steps
as are necessary or expedient, including without limitation, the opening and maintaining of
central depository account(s) under Securities Industry (Central Depositories) Act, 1991, and the
entering into all other agreements, arrangements and guarantee with any party or parties, to
implement, finalise and give full effect to the Proposed Share Buy-Back with full powers to assent
to any conditions, modifications, revaluations, variations and/or amendments (if any) as may be
imposed by the relevant authorities.”
[Please refer to Note (d)]