Sustainability and Governance Report
Notice Of Annual GENERAL MEETING
Notice
NOTICE IS HEREBY GIVEN that the Twenty-Ninth Annual General Meeting of the Company will be held by way of electronic means on Thursday, 24 September 2020 at 9.30 a.m.
to transact the following business:-
AS ORDINARY BUSINESS
1. To receive and consider the Audited Financial Statements of the Company for the financial year ended 31 March 2020 and the Directors' Report and the Auditors Report
thereon.
2. To declare a Final tax exempt (one-tier) dividend of 0.9 Singapore cents per ordinary share for the year ended 31 March 2020.
3. To re-elect Mr Goh Ching Lai, retiring by rotation, pursuant to Article 89 of the Company's Constitution.
4. To re-elect Mr Wong King Kheng, retiring by rotation, pursuant to Article 89 of the Company's Constitution.
(Resolution 1)
(Resolution 2)
(Resolution 3)
Mr Wong King Kheng, if re-elected will remain as an Independent Director as well as Chairman of the Audit Committee, and a Member of the Remuneration and Nominating
Committees; and will be considered independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.
5. To re-appoint Messrs Ernst & Young LLP as auditors of the Company and to authorise the Directors to fix their remuneration.
AS SPECIAL BUSINESS
To consider and, if thought fit, to pass the following ordinary resolutions with or without modifications:-
6. Approval of Non-Executive Directors' fees
To approve the payment of Directors' fees of S$104,500/- to Non-Executive Directors for the financial year ended 31 March 2020 (2019: S$104,500/-).
7. Authority to allot and issue shares
(Resolution 4)
(Resolution 5)
(Resolution 6)
(a) "That, pursuant to Section 161 of the Companies Act, Chapter 50, and the listing rules of the Singapore Exchange Securities Trading Limited, approval be and is hereby
given to the Directors of the Company at any time to such persons and upon such terms and for such purposes as the Directors may in their absolute discretion deem fit, to:
(i) issue shares in the capital of the Company whether by way of rights, bonus or otherwise;
(b)
(ii) make or grant offers, agreements or options that might or would require shares to be issued or other transferable rights to subscribe for or purchase shares (collectively,
"Instruments") including but not limited to the creation and issue of warrants, debentures or other instruments convertible into shares;
(iii) issue additional Instruments arising from adjustments made to the number of Instruments previously issued in the event of rights, bonus or capitalisation issues; and
(Notwithstanding the authority conferred by the shareholders may have ceased to be in force) issue shares in pursuance of any Instrument made or granted by the
Directors while the authority was in force,
provided always that
(i)
the aggregate number of shares to be issued pursuant to this resolution (including shares to be issued in pursuance of Instruments made or granted pursuant to this
resolution) does not exceed 50% of the Company's issued share capital, of which the aggregate number of shares (including shares to be issued in pursuance of
Instruments made or granted pursuant to this resolution) to be issued other than on a pro rata basis to shareholders of the Company does not exceed 20% of the
issued share capital of the Company, and for the purpose of this resolution, the issued share capital shall be the Company's issued share capital at the time this
resolution is passed, after adjusting for;
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