4. Ordinary Resolution 4: Re-appointment of Auditors T he Board and Audit Committee have assessed the performance of Messrs. UHY Malaysia PLT (“UHY”) and are satisfied with the quality of service rendered and the competency, independency, professionalism, and sufficiency of resources provided to the Company. The Board at its meeting held on 29 October 2025 agreed to recommend to the shareholders of the Company to approve the re-appointment of UHY as the Company’s external auditors for the financial year 2026. 5. Ordinary Resolution 5: Authority to Allot Shares Pursuant to Sections 75 and 76 of the Companies Act 2016 T he proposed Ordinary Resolution 5, if passed, is a general mandate to empower the Directors to issue and allot shares up to an amount not exceeding 10% of the total number of issued share of the Company for the time being for such purposes as the Directors consider would be in the best interest of the Company. A fter having considered all aspects of the 10% General Mandate, the Board is of the opinion that the adoption of the 10% General Mandate would be in the best interest of the Company and its shareholders, on the basis that it is the most optimum and cost-efficient method of fundraising for the Company. O n 19 May 2025, 49,905,941 new ordinary shares in the Company were issued at an issue price of RM0.35 per ordinary share and raised total proceeds of approximately RM17,467,079.35 pursuant to the General Mandate granted to the Directors at the 20th Annual General Meeting held on 2 December 2024 and which will lapse at the conclusion of the 21st Annual General Meeting. ( Please refer to Additional Compliance Information in respect of the total proceeds raised from the private placement and the status of the utilization of proceeds.) DESTINI BERHAD ANNUAL REPORT 2025 245
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