DESTINI Annual Report 2019

NOTICE IS HEREBY GIVEN THAT the Sixteenth (16th) Annual General Meeting (“AGM”) of Destini Berhad (“Destini” or “the Company”) will be conducted entirely through live streaming from the broadcast venue at No.10 Jalan Jurunilai U1/20, Hicom Glenmarie Industrial Park, 40150 Shah Alam, Selangor Darul Ehsan on Wednesday, 29 July 2020, at 10.00 a.m. or any adjournment thereof via Remote Participation and Voting (“RPV”) Facilities for the purpose of transacting the following businesses: AGENDA 1. To receive the Audited Financial Statements for the financial year ended 31 December 2019 together with the Reports of the Directors and Auditors thereon. (Please refer to Explanatory Note 1) 2. To re-elect the following Directors who retire pursuant to Clause No. 115(1) of the Company’s Constitution and being eligible, have offered themselves for re-election: i. Abdul Rahman Bin Mohamed Rejab ii. Ismail Bin Mustaffa (Ordinary Resolution 1) (Ordinary Resolution 2) 3. To approve the payment of Directors’ fees of up to RM300,000.00 for the financial year ending 31 December 2020 to be divided amongst the Directors in such manner as the Directors may determine and other benefits payable of up to RM100,000 for the period commencing from the conclusion of the 16 th AGM until the conclusion of the next Annual General Meeting of the Company. (Ordinary Resolution 3) 4. To re-appoint Messrs UHY as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration. As Special Business: To consider and, if thought fit, to pass the following resolutions: (Ordinary Resolution 4) 5. Authority to Allot Shares Pursuant to Sections 75 and 76 of the Companies Act 2016 THAT subject to the Companies Act, 2016 (“the Act”), the Constitution of the Company, the Main Market Listing Requirements (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), Additional Temporary Relief Measures to Listed Corporations for COVID-19, issued by Bursa Securities on 16 April 2020 and the approvals of the relevant governmental/regulatory authorities, the Directors be and are hereby authorised and empowered pursuant to Sections 75 and 76 of the Act, to issue shares in the capital of the Company from time to time 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 issued pursuant to this resolution does not exceed 20% of the total number of issued shares of the Company (excluding treasury shares) for the time being AND THAT the Directors be and are hereby also empowered to obtain approval from the Bursa Securities for the listing and quotation of the additional shares so issued on Bursa Securities; AND THAT such authority shall commence immediately upon the passing of this Resolution and continue to be in force until 31 December 2021, as empowered by Bursa Securities pursuant to their letter dated 16 April 2020 to grant additional temporary relief measures to listed corporations, notwithstanding Section 76(3) of the Act, duly varied and adopted by the Directors of the Company pursuant to Section 76(4) of the Act.” (Ordinary Resolution 5) NOTICE OF SIXTEENTH ANNUALGENERALMEETING DESTINI BERHAD 208