24 January 2008
XP Power Limited
Result of EGM
An Extraordinary General Meeting of XP Power Limited was held at 401
Commonwealth Drive, Haw Par Technocentre, Lobby B, #02-02, Singapore on 24
January 2008 commencing at 5.00pm to authorise the Directors to enter into
arrangements for the granting of security over the Company's assets in
connection with the Company's Banking Facilities.
The authority to grant security over the Company's assets for the purpose of
entering into banking arrangements is granted to the Directors under the
Company's Articles. According to the laws of Singapore the Directors are also
required to seek authority to grant security over the Company's assets from
shareholders in a general meeting.
The resolution was carried unanimously by show of hands.
The proxy voting results were:
Number of votes Percentage of votes
In favour 8,128,626 99.99%
Discretion 500 0.01%
Against 0 0.00%
Withheld 98,933 0.00%
Total 8,228,059 100.00%
NB: Percentage of votes cast excluded votes withheld.