The Board of Directors (the “Board”) of mm2 Asia Ltd. (the “Company") and together with its subsidiaries (the “Group”), wishes to announce that at the Annual General Meeting (the “AGM”) of the Company held on 31 July 2018, pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited (“SGX-ST”), all resolutions relating to the matters as set out in the Notice of AGM dated 16 July 2018 were voted by way of poll.
(a) The results of the poll on each resolutions are set out below as confirmed by Zico BPO Pte. Ltd., who acted as scrutineer for the poll at the AGM:-
AS ORDINARY BUSINESS
RESOLUTION 1: Audited Financial Statements and Directors’ Statement for the financial year ended 31 March 2018
Total number of shares represented by votes for and against the relevant resolution: 671,723,592
FOR
Number of Shares: 671,717,592
As a percentage of total number of votes for and against the resolution: 100.00%
AGAINST
Number of Shares: 6,000
As a percentage of total number of votes for and against the resolution: 0.00%
Results: Carried
RESOLUTION 2: Approval of additional Directors’ fees for the financial year ended 31 March 2018, to be paid immediately
Total number of shares represented by votes for and against the relevant resolution: 664,662,692
FOR
Number of Shares: 664,569,692
As a percentage of total number of votes for and against the resolution: 99.99%
AGAINST
Number of Shares: 93,000
As a percentage of total number of votes for and against the resolution: 0.01%
Results: Carried
RESOLUTION 3: Approval of Directors’ fees for the financial year ending 31 March 2019, to be paid quarterly in arrears
Total number of shares represented by votes for and against the relevant resolution: 664,943,192
FOR
Number of Shares: 664,892,192
As a percentage of total number of votes for and against the resolution: 99.99%
AGAINST
Number of Shares: 51,000
As a percentage of total number of votes for and against the resolution: 0.01%
Results: Carried
RESOLUTION 4: Re-election of Mr. Lei Chee Kong Thomas as a Director
Total number of shares represented by votes for and against the relevant resolution: 671,237,892
FOR
Number of Shares: 671,231,892
As a percentage of total number of votes for and against the resolution: 100.00%
AGAINST
Number of Shares: 6,000
As a percentage of total number of votes for and against the resolution: 0.00%
Results: Carried
RESOLUTION 5: Re-election of Mr. Mak Chi Hoo as a Director
Total number of shares represented by votes for and against the relevant resolution: 671,723,592
FOR
Number of Shares: 671,442,692
As a percentage of total number of votes for and against the resolution: 99.96%
AGAINST
Number of Shares: 280,900
As a percentage of total number of votes for and against the resolution: 0.04%
Results: Carried
RESOLUTION 6: Re-election of Mr. Dennis Chia Choon Hwee as a Director
Total number of shares represented by votes for and against the relevant resolution: 671,723,592
FOR
Number of Shares: 671,717,592
As a percentage of total number of votes for and against the resolution: 100.00%
AGAINST
Number of Shares: 6,000
As a percentage of total number of votes for and against the resolution: 0.00%
Results: Carried
RESOLUTION 7: Re-appointment of Messrs Nexia TS Public Accounting Corporation as the Independent Auditor and to authorise the Directors to fix their remuneration
Total number of shares represented by votes for and against the relevant resolution: 671,723,592
FOR
Number of Shares: 671,422,692
As a percentage of total number of votes for and against the resolution: 99.96%
AGAINST
Number of Shares: 300,900
As a percentage of total number of votes for and against the resolution: 0.04%
Results: Carried
AS SPECIAL BUSINESS
RESOLUTION 8: Authority to allot and issue new share
Total number of shares represented by votes for and against the relevant resolution: 671,723,592
FOR
Number of Shares: 658,496,592
As a percentage of total number of votes for and against the resolution: 98.03%
AGAINST
Number of Shares: 13,227,000
As a percentage of total number of votes for and against the resolution: 1.97%
Results: Carried
RESOLUTION 9: Authority to allot and issue shares under the mm2 Performance Share Plan
Total number of shares represented by votes for and against the relevant resolution: 611,422,592
FOR
Number of Shares: 577,660,092
As a percentage of total number of votes for and against the resolution: 94.48%
AGAINST
Number of Shares: 33,762,500
As a percentage of total number of votes for and against the resolution: 5.52%
Results: Carried
RESOLUTION 10: Proposed renewal of share purchase mandate
Total number of shares represented by votes for and against the relevant resolution: 671,708,592
FOR
Number of Shares: 658,686,592
As a percentage of total number of votes for and against the resolution: 98.06%
AGAINST
Number of Shares: 13,022,000
As a percentage of total number of votes for and against the resolution: 1.04%
Results: Carried
(b) The details of parties who are required to and have abstained from voting on any resolutions tabled at the AGM are set out below. To demonstrate good corporate governance practices: -
(i) Mr. Melvin Ang Wee Chye, Mr. Tan Liang Peng, Mr. Chia Seng Hee Jack and Mr. Lei Chee Kong Thomas had voluntarily abstained from voting their holdings of 7,060,900 ordinary shares and 6,770,400 ordinary shares on Ordinary Resolution 2 and Ordinary Resolution 3 respectively.
(ii) Mr. Lei Chee Kong Thomas had voluntarily abstained from voting his holdings of 485,700 ordinary shares on Ordinary Resolution 4.
(iii) Mr. Melvin Ang Wee Chye, Mr. Tan Liang Peng, Mr. Chia Seng Hee Jack and Mr. Lei Chee Kong Thomas, Mr. Mak Chi Hoo, Mr. William Lau Ghee Kai, Ms. Kang Wen-mei and Ms. Phang Sin Lian had compulsory abstained from voting their holdings of 60,301,000 ordinary shares on Ordinary Resolution 9.
(c) Statement Pursuant to Rule 704(8) of the Mainboard Rules
Mr. Lei Chee Kong who was re-elected as a Director of the Company, remains as the Independent Director and the Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration Committee and will be considered independent for the purpose of Rule 704(8) of the Mainboard Rules.
