Tan Chong Motor Holdings

News

News

General Meetings: Outcome Of Meeting

BackMay 29, 2024
Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 29 May 2024
Time 02:30 PM
Venue(s) Broadcast Venue: Tricor Business Centre, Gemilang Room
Unit 29-01, Level 29, Tower A, Vertical Business Suite
Avenue 3, Bangsar South, No. 8, Jalan Kerinchi
59200 Kuala Lumpur
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 52nd Annual General Meeting ("52nd AGM") dated 30 April 2024 were duly passed by the shareholders of TCMH at the 52nd AGM held on even date.

 

The Audited Financial Statements of the Company for the financial year ended 31 December 2023 and the Reports of the Directors and Auditors thereon were tabled and received at the 52nd AGM under Agenda 1.

All resolutions were voted upon by poll via remote participation and voting facilities and the poll results were validated by Scrutineer Solutions Sdn. Bhd., the independent scrutineer appointed by TCMH.

Details of the poll results are set out below.

This announcement is dated 29 May 2024.

Voting Results

1. Ordinary Resolution 1
Description To re-elect Dr. Nesadurai Kalanithi 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 265 55
No. of Shares 410,684,372 17,139
% of Voted Shares 99.9958 0.0042
Result Accepted

2. Ordinary Resolution 2
Description To re-elect Ms. Chia Tuang Mooi 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 267 53
No. of Shares 410,686,372 15,139
% of Voted Shares 99.9963 0.0037
Result Accepted

3. Ordinary Resolution 3
Description To re-elect Mr. Ng Chee Hoong 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 265 56
No. of Shares 410,684,421 18,090
% of Voted Shares 99.9956 0.0044
Result Accepted

4. Ordinary Resolution 4
Description To re-elect Dato' Chan Choun Sien 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 268 53
No. of Shares 410,687,372 15,139
% of Voted Shares 99.9963 0.0037
Result Accepted

5. Ordinary Resolution 5
Description To approve the payment of Directors' fees of up to RM770,000 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 30 May 2024 until the next Annual General Meeting of the Company.
Shareholder's Action For Voting
Voted For Against
No. of Shareholders 256 64
No. of Shares 410,673,546 24,950
% of Voted Shares 99.9939 0.0061
Result Accepted

6. Ordinary Resolution 6
Description To approve Directors' benefits of up to RM500,000 in aggregate to the Non-Executive Directors of the Company, up to RM10,800 in aggregate to the Non-Executive Directors of TC Capital Resources Sdn. Bhd., up to RM7,200 in aggregate to the Non-Executive Directors of Tan Chong & Sons Motor Company Sdn. Bhd., and up to RM3,600 in aggregate to the Non-Executive Directors of TMC Services Sdn. Bhd., subsidiaries of the Company, during the course of the period from 30 May 2024 until the next Annual General Meeting of the Company.
Shareholder's Action For Voting
Voted For Against
No. of Shareholders 255 65
No. of Shares 410,673,426 25,070
% of Voted Shares 99.9939 0.0061
Result Accepted

7. Ordinary Resolution 7
Description To re-appoint KPMG PLT as Auditors of the Company for the financial year ending 31 December 2024 and to authorise the Directors to fix their remuneration.
Shareholder's Action For Voting
Voted For Against
No. of Shareholders 271 52
No. of Shares 410,619,240 158,933
% of Voted Shares 99.9613 0.0387
Result Accepted

8. Ordinary Resolution 8
Description Proposed renewal of authority for the Company to purchase its own shares.
Shareholder's Action For Voting
Voted For Against
No. of Shareholders 266 57
No. of Shares 348,365,079 62,413,094
% of Voted Shares 84.8061 15.1939
Result Accepted

9. Ordinary Resolution 9
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 251 60
No. of Shares 61,240,543 38,916,061
% of Voted Shares 61.1448 38.8552
Result Accepted

10. Ordinary Resolution 10
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 254 57
No. of Shares 100,137,044 19,560
% of Voted Shares 99.9805 0.0195
Result Accepted

11. Ordinary Resolution 11
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 253 58
No. of Shares 100,137,043 19,561
% of Voted Shares 99.9805 0.0195
Result Accepted

12. Ordinary Resolution 12
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 251 59
No. of Shares 100,134,093 20,511
% of Voted Shares 99.9795 0.0205
Result Accepted

 

Please refer attachment below.

Announcement Info

Company Name TAN CHONG MOTOR HOLDINGS BERHAD
Stock Name TCHONG
Date Announced 29 May 2024
Category General Meeting
Reference Number GMA-16052024-00012
Corporate Action ID MY240516MEET0011

Attachments

  1. 52nd_TCMH_AGM_Result_on_Voting_by_Poll_20240529.pdf (Size: 913,520 bytes)