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The Board of Directors of Lotus KFM Berhad ("the Company") wishes to announce that all the resolutions under Ordinary and Special Businesses as prescribed in the Notice of Thirty-Ninth Annual General Meeting (“39th AGM”) of the Company dated 31 January 2024 were duly passed by the shareholders of the Company by way of poll at the 39th AGM of the Company.
The result of the poll was validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company. The Audited Financial Statements for the financial year ended 30 September 2023 together with the Reports of the Directors and Auditors thereon were received and duly tabled at the 39th AGM of the Company under Agenda 1.
Please refer to the attachment for the details of the outcome.
This announcement is dated 21 March 2024.
Voting Results
1. Ordinary Resolution 1
Description
To approve the payment of Directors' fees and benefits of up to RM300,000 for the period commencing from the date immediately after this 39th AGM until the next AGM of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
14
2
No. of Shares
303,728,888
1,200
% of Voted Shares
99.9996
0.0004
Result
Accepted
2. Ordinary Resolution 2
Description
To re-elect En. Mohd Rasli Bin Muda as a Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
14
2
No. of Shares
303,728,888
1,200
% of Voted Shares
99.9996
0.0004
Result
Accepted
3. Ordinary Resolution 3
Description
To re-elect Madam Low Koon Min as a Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
14
2
No. of Shares
303,728,888
1,200
% of Voted Shares
99.9996
0.0004
Result
Accepted
4. Ordinary Resolution 4
Description
To re-elect Mr. Yap Ee Seong as a Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
14
2
No. of Shares
303,728,888
1,200
% of Voted Shares
99.9996
0.0004
Result
Accepted
5. Ordinary Resolution 5
Description
To re-appoint TGS TW PLT as Auditors of the Company until the conclusion of the next AGM of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
14
2
No. of Shares
303,728,888
1,200
% of Voted Shares
99.9996
0.0004
Result
Accepted
6. Ordinary Resolution 6
Description
To approve the general authority for the Directors to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
12
4
No. of Shares
303,728,400
1,688
% of Voted Shares
99.9994
0.0006
Result
Accepted
7. Ordinary Resolution 7
Description
To approve the Proposed Renewal of Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue and/or Trading Nature.