Lht Holdings Ltd · SGX:BEI
Lht — Shareholder Meeting (April 2022)
23 slides from Lht's shareholder meeting presentation, Apr 29, 2022
Slide 1: LHT Holdings Limited AGM on 29 April 2022
LHT HOLDINGS LIMITED AGM ON 29 APRIL 2022 AT 3.30 PM (Live Webcast) Questions and Answers and Poll Results
Slide 2: Resolution No. 1: Adopt Directors' Statement and Audited Financial Statements
Resolution NO. 1 To Receive and Adopt the Directors’ Statement and the Audited Financial Statement of the Company for the Financial Year Ended 31 December 2021 Together with the Auditors’ Report Thereon. ------------------------------------------------------------------------------------------------
Slide 3: Questions & Answers: Resolution No. 1
Questions & Answers RESOLUTION NO. 1 Question : Reference to page 25 of the Company’s Annual Report 2021, as of 31/12/2021 the Company held ~SGD 36.4 Million in Fixed Deposits, Cash & Cash Equivalents. This equates to ~68 Cents per share, a mere ~5% below the prevailing share price at the time of wr
Slide 4: Resolution No. 1 Poll Results
Resolution NO. 1 To Receive and Adopt the Directors’ Statement and the Audited Financial Statement of the Company for the Financial Year Ended 31 December 2021 Together with the Auditors’ Report Thereon. ------------------------------------------------------------------------------------------------
Slide 5: Resolution No. 2: Re-elect Mr. Tan Kim Sing
Resolution NO. 2 To Re-elect Mr. Tan Kim Sing Who is Retiring Pursuant to Regulation 103 of the Company’s Constitution. (See Explanatory Note (i)) ------------------------------------------------------------------------------------------------------------------- The Board of Directors of LHT Holding
Slide 6: Resolution No. 3: Re-elect Dr. Wu Chiaw Ching
Resolution NO. 3 To Re-elect Dr. Wu Chiaw Ching Who is Retiring Pursuant to Regulation 103 of the Company’s Constitution. (See Explanatory Note (ii)) ------------------------------------------------------------------------------------------------------------------- The Board of Directors of LHT Hold
Slide 7: Questions & Answers: Resolution No. 3
Questions & Answers RESOLUTION NO. 3 Question 1 of 2 : Will each of the Directors, including all the Independent Directors, commit to holding a minimum number of Shares, equivalent to at least two times the annual remuneration and fees they receive from the Company, during their tenure as a Director
Slide 8: Questions & Answers: Resolution No. 3 (Board size)
Questions & Answers RESOLUTION NO. 3 Question 2 of 2 : Reference to Page 104 of the Annual Report 2021, includes the following statement: QUOTE The NC, with the concurrence of the Board, is of the view that the current Board size of three Executive Directors, one Alternate Director and four Non- Exe
Slide 9: Resolution No. 3 Poll Results
Resolution NO. 3 To Re-elect Dr. Wu Chiaw Ching Who is Retiring Pursuant to Regulation 103 of the Company’s Constitution. (See Explanatory Note (ii)) ------------------------------------------------------------------------------------------------------------------- The Board of Directors of LHT Hold
Slide 10: Resolution No. 4: Declare First and Final Dividend
Resolution NO. 4 To Declare a First and Final One-Tier Tax Exempt Dividend of S$0.03 per Ordinary Share for the Financial Year Ended 31 December 2021. (2020: S$0.03) ------------------------------------------------------------------------------------------------------------------- The Board of Direc
Slide 11: Questions & Answers: Resolution No. 4 (Question 1)
Questions & Answers RESOLUTION NO. 4 Question 1 of 2 : Why can’t the Company pay a higher First & Final Dividend? Historically, higher dividend levels have coincided with elevated prices of the Company’s shares. A 5 Cent Final Dividend, rather than the recommended 3 Cent Final Dividend, would entail
Slide 12: Questions & Answers: Resolution No. 4 (Question 2)
Questions & Answers RESOLUTION NO. 4 Question 2 of 2 : Will the Board of Directors commit to giving serious consideration to an Interim Dividend in conjunction with the announcement of the Company’s First Half 2022 Results? To be clear, as a Minority Shareholder, I am now seeking a commitment from t
Slide 13: Resolution No. 4 Poll Results
Resolution NO. 4 To Declare a First and Final One-Tier Tax Exempt Dividend of S$0.03 per Ordinary Share for the Financial Year Ended 31 December 2021. (2020: S$0.03) ------------------------------------------------------------------------------------------------------------------- The Board of Direc
Slide 14: Resolution No. 5: Approve Directors' Fees
Resolution NO. 5 To Approve the Payment of Directors’ fees of S$182,000 for the Financial Year Ended 31 December 2021. (2020: S$182,000) ------------------------------------------------------------------------------------------------------------------- The Board of Directors of LHT Holdings Limited
Slide 15: Resolution No. 6: Re-appoint BDO LLP as Auditors
Resolution NO. 6 To Re-appoint Messrs. BDO LLP as the Company’s Auditors and to Authorise the Directors to Fix their Remuneration. ------------------------------------------------------------------------------------------------------------------- The Board of Directors of LHT Holdings Limited (the “
Slide 16: Other Business: Kranji Way developments
Questions & Answers ITEM 7 : To Transact Any Other Ordinary Business which may Properly be Transacted at the Annual General Meeting. Question 1 of 3 : Please kindly provide an update on the progress of Kranji Way developments. Is everything on-track and what is the single greatest challenge? Answer
Slide 17: Other Business: Tianjin EcoTech Resources Venture
Questions & Answers ITEM 7 : To Transact Any Other Ordinary Business which may Properly be Transacted at the Annual General Meeting. Question 2 of 3 : What lessons have the Company’s Senior Management and the Board of Directors learned from the abject failure of the Tianjin EcoTech Resources Venture
Slide 18: Other Business: Overseas ventures and shareholder approval
Questions & Answers ITEM 7 : To Transact Any Other Ordinary Business which may Properly be Transacted at the Annual General Meeting. Question 3 of 3 : Will the Board of Directors commit to seeking the prior approval of Shareholders before committing to any further overseas ventures? As a Minority Sh
Slide 19: Resolution No. 7: Authority to Allot and Issue Shares
Resolution NO. 7 Authority to Allot and Issue Shares ------------------------------------------------------------------------------------------------------------------- The Board of Directors of LHT Holdings Limited (the “Company”) is pleased to announce that at the Annual General Meeting (“AGM”) of
Slide 20: Questions & Answers: Resolution No. 7
Questions & Answers RESOLUTION NO. 7 Question 1 of 1 : In addition to seeking the authority to issue additional shares of the Company, why doesn’t the Company also seek a share buy-back mandate from its Shareholders at this and future AGM’s? Such a buy-back mandate, if and when exercised, would be f
Slide 21: Resolution No. 7 Poll Results
Resolution NO. 7 Authority to Allot and Issue Shares ------------------------------------------------------------------------------------------------------------------- The Board of Directors of LHT Holdings Limited (the “Company”) is pleased to announce that at the Annual General Meeting (“AGM”) of
Slide 22: Resolutions Passed at the Annual General Meeting
Resolution Passed at the Annual General Meeting Held on 29 April 2022 The Board of Directors of LHT Holdings Limited (the “Company”) is pleased to announce that at the Annual General Meeting (“AGM”) of the Company held on 29 April 2022 via LIVE Webcast and audio only means, all the resolutions to ma
Slide 23: Thank You
g LHT HOLDINGS LIMITED sey HRA ML RAR OD Thank You