Chemical Company of Malaysia Berhad Annual Report 2019

| Notice of Annual General Meeting | The shareholders have approved a total of RM500,000 for the period from28 May 2019 until the conclusion of the forthcoming AGM which has been scheduled on 15 June 2020. The actual total benefits incurred were as follows: Approved at last AGM (28 May 2019 until conclusion of 58 th AGM) (RM) Actual (28 May 2019 until conclusion of 58 th AGM) (RM) Company 500,000 171,800 Group 500,000 171,800 In determining the estimated total amount of benefits (excluding Directors’ Fees) for the directors of the Company, the Board considered various factors including the number of scheduledmeetings for the Board and Board Committees as well as the number of Directors involved in these meetings. The number of Board and Board Committee meetings are determined based on the strategy and plans of the Company and Group for the financial year. For the period from the conclusion of the forthcoming AGM which has been scheduled on 15 June 2020 until the conclusion of the next AGM in 2021, the total amount of actual benefits excluding Directors’ Fees) to be incurred is expected to be RM500,000 . In the event that the Proposed Directors’ Remuneration (excluding Directors’ Fees) is insufficient (e.g. due to more meetings or enlarged board size, etc.), approval will be sought at the next AGM for the additional remuneration to meet the shortfall. Ordinary Resolution 9, if passed, will be paid by the Company on a monthly basis and/or as and when incurred. The Board is of the view that it is fair and equitable for the directors to be paid on a monthly basis and/or as and when incurred particularly after they have discharged their responsibilities and rendered their services to the Company throughout the Relevant Period. 6. Special Resolution 1 - Proposed Amendments to the Existing Constitution of the Company (“Proposed Amendments”) This proposed Special Resolution 1, if passed, will give full effect to the Proposed Amendments as set out in Appendix III of the Circular to Shareholders dated 15 May 2020 accompanying the Company’s Annual Report for the financial year ended 31 December 2019. The rationale of the Proposed Amendments is primarily to provide further clarity on certain terms of the Constitution and to ensure compliance with CA 2016, the Malaysian Code on Corporate Governance (MCCG), the MMLR of Bursa Malaysia Securities Berhad and other prevailing statutory and regulatory requirements applicable to the Company. 226 CHEMICAL COMPANY OF MALAYSIA BERHAD