KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 371 370 NOTICE OF ANNUAL GENERAL MEETING AS ORDINARY BUSINESS 1. To receive the Audited Financial Statements for the Financial Year Ended 31 December 2024 together with the Reports of the Directors and Auditors thereon. 2. To elect Ms. Angeline-Ong Su Ming who retires in accordance with Clause 84 of the Company’s Constitution and who, being eligible, offers herself for election. 3. To re-elect the following Directors who retire by rotation in accordance with Clause 78 of the Company’s Constitution and who, being eligible, offer themselves for re-election: 3.1 Encik Jeremy Nasrulhaq 3.2 Puan Norazian Ahmad Tajuddin 3.3 Mr. Choy Khai Choon 4. To approve the payment of the Non-Executive Directors’ fees totalling RM3,165,655.74 in respect of the Financial Year Ended 31 December 2024. 5. To approve the payment of benefits payable to Non-Executive Directors of up to an amount of RM1,300,000.00 for the period from 30 May 2025 until the next AGM of the Company in 2026. 6. To re-appoint Ernst & Young PLT as Auditors of the Company for the Financial Year Ending 31 December 2025 and to authorise the Board of Directors to determine their remuneration. AS SPECIAL BUSINESS 7. Authority to Directors to Issue Shares To consider, and if thought fit, to pass the following Ordinary Resolution: “THAT subject always to the Companies Act 2016, the Company’s Constitution and approvals of the relevant governmental and/ or regulatory authorities, the Board of Directors be and is hereby authorised pursuant to Section 75 and Section 76 of the Companies Act 2016, to issue shares in the Company at any time to such persons and upon such terms and conditions and for such purposes as the Board of Directors may, in its absolute discretion, deem fit, provided that the aggregate number of shares to be issued does not exceed ten percent (10%) of the total number of issued shares of the Company for the time being and the Board of Directors be and is also empowered to obtain the approval from Bursa Malaysia Securities Berhad for the listing of and quotation for the additional shares so issued AND THAT such authority shall commence immediately upon the passing of this Resolution and continue to be in force until the conclusion of the next Annual General Meeting of the Company.” Ordinary Resolution 1 Ordinary Resolution 2 Ordinary Resolution 3 Ordinary Resolution 4 Ordinary Resolution 5 Ordinary Resolution 6 Ordinary Resolution 7 Ordinary Resolution 8 NOTICE IS HEREBY GIVEN THAT the Fifty-First (51st) Annual General Meeting (“51st AGM”) of Kenanga Investment Bank Berhad (“the Company” or “KIBB”) will be held at the Grand Ballroom, InterContinental Kuala Lumpur, 165 Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan, Malaysia on Thursday, 29 May 2025 at 11.00 a.m. to transact the following businesses: NOTICE OF ANNUAL GENERAL MEETING 8. Proposed Renewal of Share Buy-Back Authority To consider, and if thought fit, to pass the following Ordinary Resolution: “THAT subject to the provisions of the Companies Act 2016, the Company’s Constitution, Bursa Malaysia Securities Berhad’s Main Market Listing Requirements and the approvals of all relevant governmental and/ or regulatory authorities, the Company be and is hereby authorised to purchase such number of ordinary shares of the Company (“Proposed Renewal of Share Buy-Back Authority”) as may be determined by the Board of Directors of the Company from time to time through Bursa Malaysia Securities Berhad, upon such terms and conditions as the Board of Directors may deem fit in the interest of the Company, provided that – a. the aggregate number of shares to be purchased pursuant to this Ordinary Resolution does not exceed ten percent (10%) of the total number of issued shares for the time being of the Company and in compliance with the public security holding spread requirements as stipulated in Paragraph 8.02(1) of Bursa Malaysia Securities Berhad’s Main Market Listing Requirements or other requirements as may be determined by Bursa Malaysia Securities Berhad from time to time; b. the maximum funds to be allocated by the Company for the Proposed Renewal of Share Buy-Back Authority shall not exceed the Company’s latest audited retained profits of RM628,109,164.51 as at 31 December 2024; c. the authority conferred by this Ordinary Resolution shall commence immediately upon the passing of this Ordinary Resolution and shall continue to be in force until – i. the conclusion of the next AGM of the Company at which time it will lapse, unless by Ordinary Resolution passed at the AGM, the authority is renewed either unconditionally or subject to conditions; or ii. the expiration of the period within which the next AGM after that date 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; but not so as to prejudice the completion of the purchase of its own shares by the Company before the aforesaid expiry date and, in any event, in accordance with the provisions of Bursa Malaysia Securities Berhad’s Main Market Listing Requirements or any other relevant authorities; Ordinary Resolution 9
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