MSM Malaysia Holdings Berhad Annual Report 2020

NOTICE OF ANNUAL GENERAL MEETING As Special Business To consider and if thought fit, to pass the following as Ordinary Resolution: 8. PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR THE EXISTING RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE FOR MSM AND ITS GROUP OF COMPANIES (“MSM HOLDINGS GROUP”) AND PROPOSED SHAREHOLDERS’ MANDATE FOR THE NEW RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE FORTHE MSM HOLDINGS GROUP “ THAT , subject always to the Companies Act, 2016, the Constitution of MSM, the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), other applicable laws, guidelines, rules and regulations, and the approval of the relevant governmental/regulatory authorities (where applicable), approval be and is hereby given to the Company and its subsidiaries to enter into all arrangements and/or transactions involving the interests of the related parties as specified in Appendix 1 of the Circular to the Shareholders dated 27 April 2021, provided that such arrangements and/or transactions are: (i) recurrent transactions of a revenue or trading nature; (ii) necessary for the day-to-day operations; (iii) carried out in the ordinary course of business on normal commercial terms which are not more favourable to the related parties than those generally available to the public; and (iv) not detrimental to the minority shareholders of the Company; (“Proposed Mandates”); AND THAT the Proposed Mandates shall commence immediately upon passing of this ordinary resolution and continue to be in force until: (a) the conclusion of the next AGM of the Company following this AGM, at which time the Proposed Mandates will lapse, unless the Proposed Mandates are renewed by a resolution passed at the next AGM of the Company; or (b) the expiration of the period within which the next AGM is required by law to be held; or (c) the Proposed Mandates are revoked or varied by a resolution passed by the Shareholders of the Company in a general meeting of the Company, whichever is the earlier; AND FURTHER THAT authority be and is hereby given to the Directors of the Company and/or its subsidiaries to complete and do all such acts and things (including executing such documents as may be required) as they may consider expedient or necessary to give effect to such transactions as authorised by this resolution and the Proposed Mandates.” Please refer to Explanatory Note 9 (Resolution 8) MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 238 CHAIRMAN’S STATEMENT DELIVERING VALUE MSM OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS GROUP FINANCIAL REPORT