EXPLANATORY NOTES ON SPECIAL BUSINESS 1. Resolution 10 – Authority to Allot Shares The resolution is proposed for the purpose of granting a renewed general mandate (“General Mandate”) and empowering the Directors to allot shares in the Company up to an amount not exceeding in total ten per cent (10%) of the total number of issued shares (excluding treasury shares) of the Company for such purposes as the Directors consider would be in the interest of the Company. This authority, unless revoked or varied by the Company at a general meeting, will expire at the conclusion of the next AGM or at the expiration of the period within which the next AGM is required to be held, whichever is earlier. This renewed General Mandate is to provide flexibility to the Company to issue new securities without the need to convene separate general meeting to obtain its shareholders’ approval so as to avoid incurring additional cost and time. The purpose of this renewed General Mandate is for possible fund raising activities including but not limited to further placement of shares for purpose of funding current and/or future investment projects, working capital, repayment of bank borrowings and acquisition. As at the date of this notice, the Company did not issue any shares pursuant to the 10% General Mandate granted to the Directors at the Twelfth AGM as there were no investment(s), acquisition(s) or working capital that require fund raising activity. 2. Resolution 11 – Proposed RRPT Mandate This resolution, if passed, will authorise the Company and each of its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature in the ordinary course of business. For further information on the recurrent related party transactions, please refer to the Circular to Shareholders dated 28 April 2022. 3. Resolution 12 – Proposed Renewal of Share Buy Back This resolution, if passed, will give the Company the authority to purchase its own ordinary shares of up to ten per cent (10%) of the number of issued shares of the Company. For further information on Proposed Renewal of Share Buy Back, please refer to the Statement to Shareholders dated 28 April 2022. NOTICE OF THIRTEENTH (13TH) ANNUAL GENERAL MEETING K imlun Corporat ion Berhad Regi s t rat ion No. 200901023978 (867077-X) 183
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