MEGACHEM LIMITED
Registration No.198803293M
RESULTS OF THE ANNUAL GENERAL MEETING
Pursuant to Rule 704(15) of the Listing Manual of the Singapore Exchange Securities Trading Limited Section B: Rules of Catalist (the "Catalist Rules"), the Board of Directors of Megachem Limited (the "Company") wishes to announce that at the Annual General Meeting ("AGM") of the Company held on 19 April 2024, all the resolutions as set out in the Notice of AGM dated 28 March 2024, put to vote at the AGM, were duly passed.
- The results of the poll on each of the resolutions put to vote at the AGM are set out below: -
For | Against | ||||||||||
Total | As a | As a | |||||||||
percentage | percentage | ||||||||||
number of | |||||||||||
of total | of total | ||||||||||
shares | |||||||||||
number of | number of | ||||||||||
Resolution number and | represented | ||||||||||
Number of | votes for | Number of | votes for | ||||||||
details | by votes for | ||||||||||
shares | and against | shares | and against | ||||||||
and against | |||||||||||
the | the | ||||||||||
the relevant | |||||||||||
resolution | resolution | ||||||||||
resolution | |||||||||||
(%) | (%) | ||||||||||
Ordinary Business | |||||||||||
(Resolution 1) | |||||||||||
To receive and adopt the | |||||||||||
Statement by Directors | and | ||||||||||
Audited Financial Statements | |||||||||||
of | the | Company | for | the | 97,677,686 | 87,677,686 | 89.76% | 10,000,000 | 10.24% | ||
financial | year | ended | 31 | ||||||||
December 2023 together with | |||||||||||
the | Independent | Auditor's | |||||||||
Report thereon. | |||||||||||
(Resolution 2) | |||||||||||
To approve Directors' fees of | |||||||||||
S$202,000 for the financial | |||||||||||
year ending 31 | December | 97,677,686 | 97,677,686 | 100.00% | 0 | 0.00% | |||||
2024 (2023: S$202,000). | |||||||||||
(Resolution 3) | |||||||||||
To re-appoint Messrs RSM | |||||||||||
SG | Assurance | LLP | as | 97,677,686 | 97,677,686 | 100.00% | 0 | 0.00% | |||
auditors of the Company and | |||||||||||
to authorise the Directors to | |||||||||||
fix their remuneration. | |||||||||||
Megachem Limited
Registration No.198803293M
Results of the Annual General Meeting
Page 2
For | Against | ||||||
Total | As a | As a | |||||
percentage | percentage | ||||||
number of | |||||||
of total | of total | ||||||
shares | |||||||
number of | number of | ||||||
Resolution number and | represented | ||||||
Number of | votes for | Number of | votes for | ||||
details | by votes for | ||||||
shares | and against | shares | and against | ||||
and against | |||||||
the | the | ||||||
the relevant | |||||||
resolution | resolution | ||||||
resolution | |||||||
(%) | (%) | ||||||
(Resolution 4) | |||||||
To authorise Directors to | |||||||
issue shares pursuant to | 97,677,686 | 87,667,686 | 89.75% | 10,010,000 | 10.25% | ||
Section 161 | of the | ||||||
Companies Act 1967. | |||||||
(Resolution 5) | |||||||
To approve the renewal of | |||||||
Interested | Person | 57,701,016 | 57,691,016 | 99.98% | 10,000 | 0.02% | |
Transactions Mandate. | |||||||
- Details of parties who are required to abstain from voting on any resolution(s)
Resolution no. and details | Name | No. of shares held |
(Resolution 5) | ||
To approve the renewal of Interested | Chori Co., Ltd | 39,976,670 ¹ |
Person Transactions Mandate. | ||
¹ 39,976,670 ordinary shares of Chori Co., Ltd are held through nominees.
-
Name of firm appointed as Scrutineer
Entrust Advisory Pte. Ltd. was appointed as Scrutineer for the AGM.
By order of the Board
Chew Choon Tee
Managing Director
19 April 2024
Megachem Limited
Registration No.198803293M
Results of the Annual General Meeting
Page 3
This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor").
This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Bernard Lim (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.