ZHONGMIN BAIHUI RETAIL GROUP LTD.
(Incorporated in the Republic of Singapore)
(Company Registration No.: 200411929C)
RESULTS OF ANNUAL GENERAL MEETING
The Board of Directors of Zhongmin Baihui Retail Group Ltd. (the "Company") wishes to announce that all resolutions relating to the matters set out in the Notice of Annual General Meeting dated 14 July 2021 were duly passed at the Annual General Meeting (the "AGM") of the Company held by way of electronic means today.
The following are the poll results in respect of the resolutions passed at the AGM of the Company.
No | Resolutions relating to: | Total | number | For | Against | |||
of | shares | No. of shares | % | No. of shares | % | |||
represented | ||||||||
by votes for | ||||||||
and | against | |||||||
the | relevant | |||||||
resolution | ||||||||
1 | Adoption of Audited | |||||||
Financial Statements, | 120,209,480 | 120,209,480 | 100.00 | - | 0.00 | |||
Directors' Statement | ||||||||
and Auditor's Report | ||||||||
2 | To declare a final one- | |||||||
tier tax exempt | ||||||||
dividend of 2.0 | ||||||||
Singapore cents per | 120,209,480 | 120,209,480 | 100.00 | - | 0.00 | |||
ordinary share for the | ||||||||
financial year ended 31 | ||||||||
December 2020 | ||||||||
3 | Approval of proposed | |||||||
Directors' fees of | ||||||||
S$154,000 for the | 120,209,480 | 120,209,480 | 100.00 | - | 0.00 | |||
financial year ended 31 | ||||||||
December 2020 | ||||||||
4 | Approval of proposed | |||||||
Directors' fees of | ||||||||
S$34,417 for the two (2) | ||||||||
Directors who are | ||||||||
retiring at the AGM, | ||||||||
namely Mr. Su Caiye | 120,209,480 | 120,209,480 | 100.00 | - | 0.00 | |||
and Dr. Ong Seh Hong, | ||||||||
for services rendered | ||||||||
for the period from 1 | ||||||||
January 2021 to 29 July | ||||||||
2021, to be paid in | ||||||||
arrears |
5. | Re-election of Mr. Lee | |||||
Swee Keng as a | 120,209,480 | 120,209,480 | 100.00 | - | 0.00 | |
Director | ||||||
6. | Re-election of Ms. Goh | 120,209,480 | 120,209,480 | 100.00 | - | 0.00 |
Poh Kee as a Director | ||||||
7 | Appointment of Mr. | |||||
Kho Kewee as an | 120,209,480 | 120,209,480 | 100.00 | - | 0.00 | |
Independent Director of | ||||||
the Company | ||||||
8 | Re-appointment of | |||||
Messrs Ernst & Young | 120,209,480 | 120,209,480 | 100.00 | - | 0.00 | |
LLP as Auditors | ||||||
9 | Authority to issue and | |||||
allot shares pursuant to | 120,209,480 | 119,982,080 | 99.81 | 227,400 | 0.19 | |
Section 161 of the | ||||||
Companies Act, Cap. 50 | ||||||
10 | Approval of the | |||||
proposed Share | 120,209,480 | 120,209,480 | 100.00 | - | 0.00 | |
Buyback Mandate |
Abstention from voting on any resolution(s)
There were no parties who were required to abstain from voting on the resolutions relating to the matters set out in the Notice of Annual General Meeting dated 14 July 2021.
Scrutineer
Grant Thornton Singapore Pte Ltd was appointed as independent scrutineer for the polling conducted at the AGM of the Company.
By Order of the Board
Lee Swee Keng
Executive Chairman
29 July 2021