Ni Hsin Berhad Annual Report 2017

NOTICE IS HEREBY GIVEN THAT the Fourteenth Annual General Meeting of the Company will be held at Langkawi Room, Bukit Jalil Golf & Country Resort, Jalan 3/155B, Bukit Jalil, 57000 Kuala Lumpur, Malaysia on Thursday, 28 June 2018 at 9.30 a.m to transact the following businesses: AGENDA As Ordinary Business 1. To receive the Audited Financial Statements for the financial year ended 31 December 2017 together with the Directors’ and Auditors’ Reports thereon. (Please refer to Note 9) 2. To approve the payment of Directors’ fees and benefits payable to the Directors up to an aggregate amount of RM900,000.00 from 1 January 2018 until the next Annual General Meeting (“AGM”) of the Company. Ordinary Resolution 1 3. To re-elect the following Directors who are retiring pursuant to Article 90 of the Articles of Association of the Company:- i) Ms Ng Shwu Ching Ordinary Resolution 2 ii) Datuk Tan Choon Hwa Ordinary Resolution 3 4. To re-elect Encik Sofiyan Bin Yahya who is retiring pursuant to Article 97 of the Articles of Association of the Company. Ordinary Resolution 4 5. To re-appoint Messrs KPMG PLT as Auditors of the Company and to authorise the Directors to fix their remuneration. Ordinary Resolution 5 As Special Business To consider and, if thought fit, to pass the following resolutions:- 6. Authority under Section 76 of the Companies Act 2016 (“the Act”) for the Directors to allot and issue shares “THAT pursuant to Section 76 of the Act, the Directors be and are hereby authorised to allot and issue shares in the Company at any time until the conclusion of the next AGM 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, subject always to the approval of all relevant regulatory bodies being obtained for such allotment and issuance.” Ordinary Resolution 6 7. Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature and Proposed New Shareholders’ Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature (“Proposed Shareholders’ Mandate”) “THAT, subject to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), approval be and is hereby given for the Company and its subsidiaries, to enter into recurrent related party transactions of a revenue or trading nature with the related parties as specified in Section 2.4 of the Circular to Shareholders dated 3 April 2018 which are necessary for the Company’s day-to-day operations subject further to the following: (a) the transactions are in the ordinary course of business of the Company and its subsidiaries on terms not more favourable to the related parties than those generally available to the public and are not detrimental to the minority shareholders of the Company; and (b) the disclosure of the breakdown of the aggregate value of the recurrent related transactions conducted pursuant to the Proposed Shareholders’ Mandate in the Annual Report of the Company based on the following information: (i) the type of recurrent related party transactions entered into; and (ii) the names of the related parties involved in each type of the recurrent related party transactions entered into and their relationship with the Company. Notice of Annual General Meeting Annual Report 2017 99