notice of fifteenth
annual general meeting
180
Wah Seong Corporation Berhad • Annual Report 2014
8.
Ordinary Resolution
Proposed Renewal of Shareholders’ Mandate for the Existing Recurrent Related Party Transactions and
Provision of Financial Assistance
“THAT, subject to the provisions of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, approval be and is hereby
given to the Company and/or its subsidiaries (“WSC Group”) to enter into recurrent related party transactions of a revenue or trading nature
and the provision of financial assistance as specified in Section 2.5 of Part B of the Circular to Shareholders dated 12 May 2015 which
transactions are necessary for the day-to-day operations in the ordinary course of business of WSC Group on terms not more favourable to
the related parties than those generally available to the public and are not to the detriment of the minority shareholders of the Company and
the shareholders’ mandate is subject to annual renewal and disclosure is made in the Annual Report of the aggregate value of transactions
conducted pursuant to the shareholders’ mandate during the financial year and that such approval shall continue to be in forced until:
i)
the conclusion of the next Annual General Meeting (“AGM”) of the Company, at which time the proposed shareholders’ mandate will
lapse, unless renewed by a resolution passed at the meeting;
ii)
the expiration of the period within which the next AGM of the Company after the date it is required to be held pursuant to Section
143(1) of the Companies Act, 1965 (“the Act”) (but shall not extend to such extension as may be allowed pursuant to Section 143(2)
of the Act); or
iii) revoked or varied by resolution passed by the shareholders of the Company in a general meeting;
whichever is earlier.
AND THAT the Directors of the Company be and are hereby authorised to complete and to do all such acts and things (including executing
all such documents as may be required) as they may consider expedient or necessary to give effect to the transactions contemplated and/
or authorised by this resolution.”
9.
Ordinary Resolution
Retention of Independent Non-Executive Directors
(i) “THAT approval be and is hereby given to Halim Bin Haji Din who has served as an Independent Non-Executive Director of the Company
for a cumulative term of more than twelve (12) years, to continue to act as an Independent Non-Executive Director of the Company in
accordance with the Malaysian Code on Corporate Governance 2012.”
(ii) “THAT approval be and is hereby given to Professor Tan Sri Lin See Yan who has served as an Independent Non-Executive Director of
the Company for a cumulative term of more than ten (10) years, to continue to act as an Independent Non-Executive Director of the
Company in accordance with the Malaysian Code on Corporate Governance 2012.”
10. To transact any other business that may be transacted at an Annual General Meeting of which due notice shall have been given in accordance
with the Companies Act, 1965 and the Company’s Articles of Association.
Ordinary Resolution 9
Ordinary Resolution 10
Ordinary Resolution 11
