DESTINI Annual Report 2019

6. Proposed Renewal of Share Buy-Back Authority for the Purchase of Its Own Ordinary Shares “ THAT , subject to the Companies Act 2016, the Bursa Securities Listing Requirements, the Company’s Constitution and the approvals of other relevant authorities, the Company be and is hereby authorised to purchase and hold such number of ordinary shares in the Company (“Proposed Share Buy-Back”) as may be determined by the Directors of the Company from time to time through the Bursa Securities upon such terms and conditions as the Directors may deem fit in the interest of the Company provided that the aggregate number of shares purchased and/or held pursuant to this resolution does not exceed ten percent (10%) of the issued share capital of the Company ANDTHAT themaximumamount of funds to be allocated by the Company for the purpose of purchasing its own shares shall not exceed the total retained profits of the Company, as set out in the Circular to Shareholders dated 30 June 2020. THAT such authority shall commence immediately upon passing of this ordinary resolution until the conclusion of the next AGM of Destini unless earlier revoked or varied by ordinary resolution passed by the shareholders of Destini in a general meeting or upon the expiration of the period within which the next AGM is required by law to be held, whichever occurs first. THAT the Directors be and are hereby authorised to take all steps necessary to implement, finalise and to give full effect to the Proposed Share Buy-Back AND FURTHER THAT authority be and is hereby given to the Directors to deal with the shares so purchased in their absolute discretion in any of the following manner:- i. cancel the shares so purchased; or ii. retain the shares so purchased as treasury shares and held by the Company; or iii. retain part of the shares so purchased as treasury shares and cancel the remainder; or iv. distribute the treasury shares as dividends to shareholders and/or resell on Bursa Securities and/or cancel all or part of them; or v. transfer all or part of the treasury shares for purposes of an employees’ share scheme, and/or as purchase consideration; or in any other manner as prescribed by the Companies Act 2016, rules, regulations and guidelines pursuant to the Companies Act 2016, the Listing Requirements and other relevant guidelines issued by Bursa Securities and any other relevant authority for the time being in force.” (Ordinary Resolution 6) 7. To transact any other business of the Company for which due notice shall have been given. BY ORDER OF THE BOARD Tan Tong Lang (MAICSA 7045482/ SSM PC No. 201908002253) Thien Lee Mee (LS0009760/ SSM PC No. 201908002254) Company Secretaries Kuala Lumpur Date: 30 June 2020 ANNUAL REPORT 2019 209