i. the aggregate number of shares purchased or held as treasury shares does not exceed 10% of the total number of issued and paid-up shares of the Company as quoted on Bursa Securities as at the point of purchase; ii. the maximum fund to be allocated by the Company for the purpose of purchasing its own shares shall not exceed the aggregate of the retained profits of the Company based on the latest audited financial statements available at the time of the purchase, upon such terms and conditions as set out in the Circular to Shareholders dated 29 April 2022; and iii. the Directors of the Company may decide either to retain the shares purchased as treasury shares, or cancel the shares, or retain part of the shares so purchased as treasury shares and cancel the remainder, or resell the shares, or transfer the shares or distribute the shares as dividends. AND THAT the authority conferred by this resolution will commence after the passing of this ordinary resolution and will continue to be in force until: i. the conclusion of the next AGM at which time it shall lapse unless by ordinary resolution passed at the meeting, the authority is renewed, either unconditionally or subject to conditions; or ii. the expiration of the period within which the next AGM of the Company is required by law to be held; or iii. revoked or varied by ordinary resolution passed by the shareholders of the Company in a general meeting; whichever occurs first. AND THAT the Directors of the Company be and are hereby authorised to take all such steps as are necessary or expedient to implement or to effect the purchase(s) of the shares with full power to assent to any condition, modification, variation and/or amendment as may be imposed by the relevant authorities and to take all such steps as they may deem necessary or expedient in order to implement, finalise and give full effect in relation thereto.” 7. Retention of Professor Datin Dr Suzana Binti Sulaiman @ Mohd Suleiman as an Independent Non-Executive Director “THAT approval be and is hereby given to Professor Datin Dr Suzana Binti Sulaiman @ Mohd Suleiman who has served as an Independent NonExecutive Director of the Company for a cumulative term of more than nine (9) years, to continue to act as an Independent Non-Executive Director of the Company until the conclusion of the next Annual General Meeting.” (Ordinary Resolution 7) NOTICE OF EIGHTEENTH ANNUAL GENERAL MEETING 232 DESTINI BERHAD • ANNUAL REPORT 2021
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