The renewed General Mandate is to provide flexibility to the Company to issue new securities without the need to convene separate general meeting to obtain its shareholders’ approval so as to avoid incurring additional cost and time. The purpose of this renewed General Mandate is for possible fund raising activities including but not limited to further placement of shares for purpose of funding current and/or future investment projects, working capital, repayment of bank borrowings and acquisition. As at the date of this notice, the Company did not issue any shares pursuant to the 10% General Mandate granted to the Directors at the 15th AGM as there were no investment(s), acquisition(s) or working capital that require fund raising activity. 2. Resolution 9 – Proposed RRPT Mandate The proposed resolution, if passed, will authorise the Company and each of its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature in the ordinary course of business. For further information on the recurrent related party transactions, please refer to the Circular to Shareholders dated 25 April 2025. 3. Resolution 10 – Proposed Renewal of Share Buy-Back The proposed resolution, if passed, will give the Company the authority to purchase its own ordinary shares of up to ten per cent (10%) of the number of issued shares of the Company. For further information on Proposed Renewal of Share Buy-Back, please refer to the Statement to Shareholders dated 25 April 2025. NOTICE OF SIXTEENTH (16TH) ANNUAL GENERAL MEETING 087 ANNUAL REPORT 2024
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