Tan Chong Motor Holdings

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News

General Meetings: Outcome Of Meeting

BackJun 03, 2021
Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 03 Jun 2021
Time 02:30 PM


Venue(s) Online Meeting Platform
via TIIH Online at https://tiih.online
as provided by
Tricor Investor & Issuing House Services Sdn. Bhd.
Malaysia
Outcome of Meeting

The Board of Directors of Tan Chong Motor Holdings Berhad ("TCMH") is pleased to announce that all the resolutions set out in the notice of the 49th Annual General Meeting ("49th AGM") dated 30 April 2021 were duly passed by the shareholders of TCMH at the 49th AGM held on even date.

 

The Audited Financial Statements of the Company for the financial year ended 31 December 2020 and the Reports of the Directors and Auditors thereon were tabled and received at the AGM under Agenda 1.

 

All resolutions were voted upon by poll via remote participation and voting facilities and the poll results were validated by Asia Securities Sdn. Berhad, the independent scrutineer appointed by TCMH.

 

Details of the poll results are set out below.

 

This announcement is dated 3 June 2021.

 

Voting Results

1. Ordinary Resolution 1
Description To re-elect Mr. Ng Chee Hoong as a Director of the Company in accordance with Article 82 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 227 37
No. of Shares 398,809,845 41,235
% of Voted Shares 99.9897 0.0103
Result Accepted

2. Ordinary Resolution 2
Description To re-elect Dato' Chan Choun Sien as a Director of the Company in accordance with Article 82 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 226 38
No. of Shares 398,809,795 41,285
% of Voted Shares 99.9896 0.0104
Result Accepted

3. Ordinary Resolution 3
Description To re-elect Dato' (Dr.) Khor Swee Wah @ Koh Bee Leng as a Director of the Company in accordance with Article 103 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 221 40
No. of Shares 385,972,205 50,285
% of Voted Shares 99.9870 0.0130
Result Accepted

4. Ordinary Resolution 4
Description To re-elect Mr. Ho Wai Ming as a Director of the Company in accordance with Article 103 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 224 40
No. of Shares 398,735,195 115,885
% of Voted Shares 99.9709 0.0291
Result Accepted

5. Ordinary Resolution 5
Description To approve the payment of Directors' fees of up to RM500,000 in aggregate to the Non-Executive Directors of the Company and up to RM32,400 in aggregate to the Non-Executive Directors of TC Trust Labuan Limited, a subsidiary of the Company, during the course of the period from 4 June 2021 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 210 47
No. of Shares 398,656,826 114,591
% of Voted Shares 99.9713 0.0287
Result Accepted

6. Ordinary Resolution 6
Description To approve Directors' benefits of up to RM344,600 in aggregate to the Non-Executive Directors of the Company and up to RM5,400 in aggregate to the Non-Executive Directors of TC Capital Resources Sdn. Bhd., a subsidiary of the Company, during the course of the period from 4 June 2021 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 203 57
No. of Shares 398,653,704 122,713
% of Voted Shares 99.9692 0.0308
Result Accepted

7. Ordinary Resolution 7
Description To re-appoint KPMG PLT as Auditors of the Company for the financial year ending 31 December 2021 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 228 35
No. of Shares 398,736,402 103,678
% of Voted Shares 99.9740 0.0260
Result Accepted

8. Ordinary Resolution 8
Description Continuing in office of Dato' Ng Mann Cheong as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 218 45
No. of Shares 327,600,733 71,175,685
% of Voted Shares 82.1515 17.8485
Result Accepted

9. Ordinary Resolution 9
Description Proposed renewal of authority for the Company to purchase its own shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 229 35
No. of Shares 398,762,902 88,178
% of Voted Shares 99.9779 0.0221
Result Accepted

10. Ordinary Resolution 10
Description Proposed Shareholders' Mandate for recurrent related party transactions with Warisan TC Holdings Berhad and its subsidiaries and jointly-controlled entities.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 209 37
No. of Shares 75,125,722 108,679
% of Voted Shares 99.8555 0.1445
Result Accepted

11. Ordinary Resolution 11
Description Proposed Shareholders' Mandate for recurrent related party transactions with APM Automotive Holdings Berhad and its subsidiaries and joint ventures.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 211 35
No. of Shares 75,199,123 35,278
% of Voted Shares 99.9531 0.0469
Result Accepted

12. Ordinary Resolution 12
Description Proposed Shareholders' Mandate for recurrent related party transactions with Tan Chong International Limited and its subsidiaries.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 210 36
No. of Shares 75,125,723 108,678
% of Voted Shares 99.8555 0.1445
Result Accepted

13. Ordinary Resolution 13
Description Proposed Shareholders' Mandate for recurrent related party transactions with Auto Dunia Sdn. Bhd.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 210 36
No. of Shares 75,200,384 108,678
% of Voted Shares 99.8557 0.1443
Result Accepted

 

Please refer attachment below.

Announcement Info

Company Name TAN CHONG MOTOR HOLDINGS BERHAD
Stock Name TCHONG
Date Announced 03 Jun 2021
Category General Meeting
Reference Number GMA-03062021-00024
Corporate Action ID MY210603MEET0014

Attachments

  1. 49th_TCMH_AGM_result_on_voting_by_poll.pdf (Size: 1,007,377 bytes)