ANNUAL REPORT 2025 115 NOTICE OF SEVENTEENTH (17TH) ANNUAL GENERAL MEETING EXPLANATORY NOTES ON SPECIAL BUSINESS 1. Resolution 7 – Authority to Allot Shares The resolution is proposed for the purpose of granting a renewed general mandate (“General Mandate”) and empowering the Directors to allot shares in the Company up to an amount not exceeding in total ten per cent (10%) of the total number of issued shares (excluding treasury shares) of the Company for such purposes as the Directors consider would be in the interest of the Company. This authority, unless revoked or varied by the Company at a general meeting, will expire at the conclusion of the next AGM or at the expiration of the period within which the next AGM is required to be held, whichever is earlier. 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 has issued and allotted 35,336,200 new ordinary shares at an issue price of RM1.19 each under a private placement made pursuant to the authority granted to the Directors at the 16th AGM held on 3 June 2025 which will lapse at the conclusion of this forthcoming AGM (“Private Placement”). Details and status of the utilisation of proceeds from the Private Placement are set out in the “Additional Compliance Information Disclosures” in page 86 of the Annual Report 2025. 2. Resolution 8 – 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 29 April 2026. 3. Resolution 9 – 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 29 April 2026.
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