279 ADDITIONAL INFORMATION Explanatory Notes on Ordinary and Special Businesses: 1. Item 1 of the Agenda – Audited Financial Statements Agenda item no. 1 is meant for discussion only as the provisions of Section 340 of the Act does not require a formal approval of shareholders. Hence, this item on the Agenda is not put forward for voting. 2. Item 3 of the Agenda – Directors’ Fees and Benefits for the FY2024 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 in year 2024 had remained unchanged since financial year 2020. During a review in year 2025, 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 FY2024 are set out in the Corporate Governance Statement of MYEG’s integrated annual report for the financial year ended 31 December 2024 (“Integrated Annual Report 2024”) and Corporate Governance Report 2024. 3. Item 4 and 5 of the Agenda – Re-election of Directors The profiles of the Directors who are standing for re-election as per Agenda item no. 4 and 5 are set out in the Board of Directors’ profile of the Integrated Annual Report 2024. The Nomination Committee (“NC”) has considered the performance and contribution of each of the retiring Director for seeking re-election. In addition, the NC has also conducted an assessment on the fitness and propriety of the retiring Directors including the review of their fit and proper declarations in accordance with the Directors’ Fit and Proper Policy. The said retiring Directors have abstained from deliberations and decisions on their own eligibility and sustainability to stand for re-election. Based on the recommendation of the NC, 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 Wong Kok Chau as Independent Non-Executive Director Wong Kok Chau fulfils the requirements of independence set out in the Main Market Listing Requirements (“MMLR”) of Bursa Securities as well as the Malaysian Code on Corporate Governance. He has demonstrated his independence through his engagement in the meetings by proactively giving valuable insights to the Management in developing the Group’s business strategies. He also exercised his due care and carried out his professional duties proficiently during his tenure as an Independent Non-Executive Director of the Company. (ii) Ordinary Resolution 4 – Re-election of Mohaini binti Mohd Yusof as Independent Non-Executive Director Mohaini binti Mohd Yusof fulfils the requirements of independence set out in the MMLR of Bursa Securities as well as the Malaysian Code on Corporate Governance. She has demonstrated her independence through her engagement in the meetings by proactively giving valuable insights to the Management in developing the Group’s business strategies. She also exercised her due care and carried out her professional duties proficiently during her tenure as an Independent Non-Executive Director of the Company. NOTICE OF TWENTY-FOURTH ANNUAL GENERAL MEETING (cont’d)
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