NOTICE OF THE TWENTY-THIRD ANNUAL GENERAL MEETING (cont’d) 7. PROPOSED AUTHORITY TO ALLOT AND ISSUE SHARES BY THE DIRECTORS AND WAIVER OF PRE-EMPTIVE RIGHTS PURSUANT TO THE ACT Ordinary Resolution 7 “THAT pursuant to Sections 75 and 76 of the Act, the Directors be and are hereby empowered to allot and issue MYEG Shares, at any time, at such price, upon such terms and conditions, for such purpose and to such person or persons whomsoever as the Directors may in their absolute discretion deem fit provided that the aggregate number of MYEG Shares to be issued does not exceed ten percent (10%) of the total number of issued MYEG Shares (excluding treasury shares) at the time of issue and THAT the Directors be and are hereby also empowered to obtain the approval for the listing of and quotation for the additional MYEG Shares so issued on the main market of Bursa Securities and THAT such authority shall continue to be in force until the conclusion of the 24th AGM of the Company. THAT in connection with the above, pursuant to Section 85 of the Act to be read together with Clause 58 of the Constitution of the Company, the shareholders do hereby waive the statutory pre-emptive rights of the offered shares in proportion of their holdings at such price and at such terms to be offered arising from any issuance of the new shares above by the Company.” 8. PROPOSED RENEWAL OF AUTHORITY FOR DIRECTORS TO ALLOT AND ISSUE NEW MYEG SHARES IN RELATION TO THE DIVIDEND REINVESTMENT PLAN (“DRP”) THAT PROVIDES SHAREHOLDERS WITH AN OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND IN MYEG SHARES Ordinary Resolution 8 “THAT pursuant to the DRP approved by the shareholders at the Extraordinary General Meeting held on 6 August 2020, approval be and is hereby given to the Company to allot and issue such number of new MYEG Shares for the DRP until the conclusion of the 24th AGM, upon such terms and conditions and to such persons as the Directors may, in their absolute discretion, deem fit and in the interest of the Company PROVIDED THAT the issue price of the said new MYEG Shares, shall be determined and fixed by the Board of Directors (“the Board”) at not more than ten percent (10%) discount to the 5-day volume weighted average market price (“VWAP”) of MYEG Shares immediately preceding the price-fixing date, of which the VWAP shall be adjusted ex-dividend before applying the aforementioned discount in fixing the issue price at the material time; AND THAT the Board be and is hereby authorised to do all such acts and enter into all such transactions, arrangements, and documents as may be necessary or expedient in order to give full effect to the DRP with full power to assent to any conditions, modifications, variations and/or amendments (if any) as may be imposed or agreed to by any relevant authorities or consequent upon the implementation of the said conditions, modifications, variations and/or amendments, as the Board may, in its absolute discretion, deem fit and in the best interest of the Company.” 9. To transact any other business that may be transacted at the 23rd AGM of which due notice shall have been given in accordance with the Act and the Constitution of the Company. By Order of the Board TAI YIT CHAN (MAICSA 7009143) (SSM PC No.: 202008001023) TAN AI NING (MAICSA 7015852) (SSM PC No.: 202008000067) Company Secretaries Selangor Darul Ehsan 30 April 2024 ANNUAL REPORT 2023 p ANNUAL REPORT 2023 269 ADDITIONAL INFORMATION
RkJQdWJsaXNoZXIy NDgzMzc=