EXPLANATORY NOTES: (A) Audited Financial Statements This Agenda item is meant for discussion only as the provision of Section 340(1)(a) of the Act does not require a formal approval of the shareholders. Hence, this item is not put forward for voting. (B) Ordinary Resolution 2 – Payment of Directors’ Fees and Benefits for the FY2022 Payment of Directors’ Fees and Benefits under Section 230(1) of the Act provides amongst others, that the Directors’ fees and any benefits payable to the Directors of the Company and its subsidiaries shall be approved at a general meeting. The current annual fee for the Directors’ fees, which was last approved by the Board of Directors in year 2022 had remained unchanged since financial year 2020. During a review in year 2023, the Remuneration Committee recommended and the Board has approved, subject to shareholders’ approval at this coming AGM, for Directors’ fees to remain unchanged. The Executive Directors do not receive executive remuneration and there are no benefits payable to Directors. Details of the Directors’ fees for FY2022 are set out in the Corporate Governance Statement of MYEG’s integrated annual report for the financial year ended 31 December 2022 (“IAR2022”) and Corporate Governance Report 2022. (C) Ordinary Resolutions 3 and 4 – Re-election of Directors The profiles of the Directors who are standing for re-election as per Agenda item no. 4 are set out in the Board of Directors’ profile of the IAR2022. Based on the recommendation of the Nomination Committee, the Board is satisfied with the performance and contributions of the following Directors and supports the re-election based on the following justifications: (i) Ordinary Resolution 3 – Re-election of Dato’ Dr Norraesah Binti Haji Mohamad as Executive Chairman As the Chairman of the Board, Dato’ Dr Norraesah Binti Haji Mohamad demonstrates sound leadership skills and encourages open communication which allows the Board members to raise important matters without inhibition. She also exercised her due care and carried out her professional duties proficiently during her tenure as the Executive Chairman of the Company. (ii) Ordinary Resolution 4 – Re-election of Datuk Mohd Jimmy Wong Bin Abdullah as Non-Independent Non-Executive Director Datuk Mohd Jimmy Wong Bin Abdullah has demonstrated his objectivity through proactive engagements during meetings of the Board and Board Committees by sharing valuable, relevant and impartial insights, views and opinions on issues tabled for discussion. He has also exercised his due care and carried out his professional duties proficiently and effectively throughout his tenure as a Non-Independent Non-Executive Director of the Company. (D) Ordinary Resolution 6 - Proposed Renewal of Authority for Purchase of Own Ordinary Shares by the Company The proposed Ordinary Resolution 6 if passed, will empower the Company to purchase and/or hold up to ten percent (10%) of the total number of issued MYEG Shares. This authority unless revoked or varied by the Company at a general meeting will expire at the 23rd AGM of the Company. Please refer to the statement to shareholders in relation to the proposed renewal of authority for purchase of own ordinary shares by MYEG dated 28 April 2023 for further information. NOTICE OF THE TWENTY-SECOND ANNUAL GENERAL MEETING (cont’d) 258
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