GENERAL MEETINGS: Outcome of Meeting
| LOTTE CHEMICAL TITAN HOLDING BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 30 Apr 2024 |
| Time | 10:00 AM |
| Venue(s) |
Online Meeting Platform via TIIH Online website at https://tiih.online or https://tiih.com.my (Domain registration number with MYNIC: D1A282781) provided by Tricor Investor & Issuing House Services Sdn Bhd Malaysia |
| Outcome of Meeting | The Board of Directors of Lotte Chemical Titan Holding Berhad (“Company”) wishes to announce that all the resolutions as set out in the Notice of 2024 Annual General Meeting (“AGM”) of the Company dated 29 March 2024 were duly passed by the shareholders at the AGM of the Company held today by way of poll voting.
The results of the poll were validated by Quantegic Services Sdn. Bhd., the independent scrutineer appointed by the Company.
The details of the poll results are set out below as per the attachment.
This announcement is dated 30 April 2024. |
Voting Results |
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1. 1 |
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| Description |
To re-elect Tan Sri Datuk (Dr.) Rafiah binti Salim who is retiring pursuant to Clause 100 of the Company's Constitution as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 612 | 154 |
| No. of Shares | 1,770,205,147 | 21,139,552 |
| % of Voted Shares | 98.8199 | 1.1801 |
| Result | Accepted | |
2. 2 |
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| Description |
To re-elect Park Hyun Chul who is retiring pursuant to Clause 100 of the Company's Constitution as Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 617 | 150 |
| No. of Shares | 1,780,804,201 | 2,843,442 |
| % of Voted Shares | 99.8406 | 0.1594 |
| Result | Accepted | |
3. 3 |
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| Description |
To approve the payment of the following Directors' Fees for the financial year ending 31 December 2024: i) RM272,000 for Independent Non-Executive Chairman ii) RM189,000 for each Independent Non-Executive Director |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 574 | 186 |
| No. of Shares | 1,782,376,283 | 8,889,366 |
| % of Voted Shares | 99.5037 | 0.4963 |
| Result | Accepted | |
4. 4 |
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| Description |
To approve the payment of Directors' remuneration and benefits (excluding Directors' Fees) to the Independent Non-Executive Directors up to an amount of RM243,000 with effect from 2024 Annual General Meeting until the next Annual General Meeting of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 556 | 198 |
| No. of Shares | 1,782,085,249 | 9,129,470 |
| % of Voted Shares | 99.4903 | 0.5097 |
| Result | Accepted | |
5. 5 |
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| Description |
To appoint Messrs Ernst & Young PLT as Auditors of the Company in place of the retiring Auditors, Messrs KPMG PLT, and to hold office until the 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 | 647 | 116 |
| No. of Shares | 1,789,889,755 | 1,453,144 |
| % of Voted Shares | 99.9189 | 0.0811 |
| Result | Accepted | |
6. 6 |
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| Description |
Proposed renewal of existing Shareholders' Mandate for recurrent related party transactions of a revenue or trading in nature and contracts entered into from time to time which are necessary or would facilitate the day-to-day operations. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 626 | 132 |
| No. of Shares | 53,507,298 | 2,095,805 |
| % of Voted Shares | 96.2308 | 3.7692 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | LOTTE CHEMICAL TITAN HOLDING BERHAD |
| Stock Name | LCTITAN |
| Date Announced | 30 Apr 2024 |
| Category | General Meeting |
| Reference Number | GMA-26042024-00035 |
| Corporate Action ID | MY240426MEET0035 |