Tan Chong Motor Holdings

Bursa Announcements

Bursa Announcements

General Meetings: Outcome Of Meeting

BackMay 30, 2025
Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 30 May 2025
Time 10:30 AM
Venue(s) Kristal Ballroom, Level 1,
Hilton Petaling Jaya, No. 2 Jalan Barat,
46200 Petaling Jaya,
Selangor Darul Ehsan
Malaysia
Outcome of Meeting

The Board of Directors of Tan Chong Motor Holdings Berhad ("the Company") wishes to announce that all the resolutions as set out in the Notice of the Fifty Third Annual General Meeting (“53rd AGM”) of the Company dated 30 April 2025 were voted by poll at the 53rd AGM of the Company held on 30 May 2025. 

The Audited Financial Statements of the Company for the financial year ended 31 December 2024 and the Reports of the Directors and Auditors thereon were tabled and received at the 53rd AGM under Agenda 1.

The results of the poll were validated by Scrutineer Solutions Sdn. Bhd., the independent scrutineer appointed by the Company. The details of the said results are set out below and as per the attachment. 

This announcement is dated 30 May 2025.

Voting Results

1. Ordinary Resolution 1
Description To re-elect Dato' Ng Mann Cheong 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 61 18
No. of Shares 401,293,400 88,174,222
% of Voted Shares 81.9857 18.0143
Result Accepted

2. Ordinary Resolution 2
Description To re-elect Mr. Lee Min On 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 63 16
No. of Shares 406,546,990 82,920,632
% of Voted Shares 83.0590 16.9410
Result Accepted

3. Ordinary Resolution 3
Description To re-elect Dr. Nesadurai Kalanithi 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 67 12
No. of Shares 435,847,281 53,620,341
% of Voted Shares 89.0452 10.9548
Result Accepted

4. Ordinary Resolution 4
Description To approve the payment of Directors' fees of up to RM660,000 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 31 May 2025 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 53 25
No. of Shares 387,502,923 101,918,699
% of Voted Shares 79.1757 20.8243
Result Accepted

5. Ordinary Resolution 5
Description To approve Directors' benefits of up to RM380,000 in aggregate to the Non-Executive Directors of the Company and up to RM2,400 in aggregate to the Non-Executive Director of TC Capital Resources Sdn. Bhd., and up to RM1,200 in aggregate to the Non-Executive Directors of TMC Services Sdn. Bhd., subsidiaries of the Company, during the course of the period from 31 May 2025 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 54 25
No. of Shares 387,503,923 101,963,699
% of Voted Shares 79.1684 20.8316
Result Accepted

6. Ordinary Resolution 6
Description To re-appoint KPMG PLT as Auditors of the Company for the financial year ending 31 December 2025 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 75 4
No. of Shares 489,368,122 99,500
% of Voted Shares 99.9797 0.0203
Result Accepted

7. Ordinary Resolution 7
Description Proposed renewal of authority for the Company to purchase its own shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 54 25
No. of Shares 375,462,961 114,004,661
% of Voted Shares 76.7084 23.2916
Result Accepted

8. Ordinary Resolution 8
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 38 25
No. of Shares 58,159,069 106,005,661
% of Voted Shares 35.4273 64.5727
Result Rejected

9. Ordinary Resolution 9
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 39 25
No. of Shares 58,205,069 106,005,661
% of Voted Shares 35.4454 64.5546
Result Rejected

10. Ordinary Resolution 10
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 59 5
No. of Shares 136,886,843 27,323,887
% of Voted Shares 83.3605 16.6395
Result Accepted

11. Ordinary Resolution 11
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 57 7
No. of Shares 136,835,843 27,374,887
% of Voted Shares 83.3294 16.6706
Result Accepted

 

Please refer attachment below.

Announcement Info

Company Name TAN CHONG MOTOR HOLDINGS BERHAD
Stock Name TCHONG
Date Announced 30 May 2025
Category General Meeting
Reference Number GMA-30052025-00014
Corporate Action ID MY250530MEET0014

Attachments

  1. 53rd_AGM-Result_on_Voting_by_Poll.pdf (Size: 481,177 bytes)