Datasonic Group Berhad Annual Report 2020

DATASONIC GROUP BERHAD I ANNUAL REPORT 2020 (Registration No. 200801008472 (809759-X)) 211 As Special Business To consider and, if thought fit, to pass the following Ordinary Resolutions, with orwithout modifications:- 7. Authority to Issue and Allot Shares pursuant to Sections 75 and 76 of the Companies Act, 2016 “ THAT subject to Sections 75 and 76 of the Companies Act, 2016, the Constitution of the Company and approvals of the relevant governmental/regulatory authorities, the Directors be and are hereby authorised and empowered to issue and allot shares in the Company, at any time, to such persons and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit, provided that the aggregate number of shares to be issued does not exceed ten per centum (10%) of the total number of issued shares of the Company for the time being ANDTHAT the Directors be and are also empowered to obtain the approval for the listing of and quotation for the additional shares so issued on BursaMalaysia Securities Berhad AND THAT such authority shall commence immediately upon the passing of this resolution and continue to be in force until the conclusion of the next AGM of the Company.” (Please refer to Explanatory Note D) Ordinary Resolution 11 8. Proposed Renewal of Share Buy-Back Authority “ THAT subject to the Companies Act, 2016 (“the Act”), the provisions of the Constitution of the Company, the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Malaysia”) and the approvals of all relevant governmental and/or regulatory authorities (if any), approval be and is hereby given to the Company to purchase such number of ordinary shares as may be determined by the Directors of the Company from time to time through Bursa Malaysia upon such terms and conditions as the Directors may deem fit, necessary and expedient in the interest of the Company, provided that:- a) the maximum aggregate number of ordinary shares to be purchased by the Company shall not exceed ten per centum (10%) of the total number of issued shares of the Company at any point in time; b) the maximum fund to be allocated by the Company for the purpose of purchasing its ordinary shares shall not exceed the retained profits of the Company based on the latest audited financial statements and/or the latest unaudited financial statements (where applicable) available at the time of the purchase; and c) the authority conferred by this resolution shall be effective immediately after the passing of this resolution and shall continue to be in force until:- i) the conclusion of the next Annual General Meeting (“AGM”) of the Company following this AGM at which this resolution was passed at which time the said authority shall lapse unless by an ordinary resolution passed at that next AGM, the authority is renewed, either unconditionally or subject to conditions; or ii) the expiration of the periodwithinwhich the nextAGMof the Company is required by law to be held; or iii) revoked or varied by ordinary resolution passed by the shareholders in a general meeting, whichever, occur first. Notice of Twelfth Annual General Meeting (Cont’d)