Datasonic Group Berhad Annual Report 2020

DATASONIC GROUP BERHAD I ANNUAL REPORT 2020 (Registration No. 200801008472 (809759-X)) 212 THAT upon completion of the purchase(s) by the Company of its own ordinary shares, the Directors be and are hereby authorised to deal with the ordinary shares so purchased in their absolute discretion in the following manners:- a) cancel all the ordinary shares so purchased; or b) retain the ordinary shares so purchased as treasury shares; or c) retain part of the ordinary shares so purchased as treasury shares and cancel the remainder of the ordinary shares. THAT where such ordinary shares are held as treasury shares, the Directors be and are hereby authorised to deal with the treasury shares in their absolute discretion, in the following manner:- a) distribute the ordinary shares as dividends to shareholders, such dividends to be known as “shares dividends”; or b) resell the ordinary shares or any of the ordinary shares in accordance with the relevant rules of Bursa Malaysia; or c) transfer the ordinary shares or any of the ordinary shares for the purposes of or under an employees’ share scheme; or d) transfer the ordinary shares or any of the ordinary shares as purchase consideration; or e) cancel the ordinary shares or any of the ordinary shares; or f) sell, transfer or otherwise use the ordinary shares for such other purposes as the Minister chargedwith the responsibilities for companies may by order prescribe. AND THAT the Directors of the Company be and are hereby authorised to take all such steps as are necessary or expedient to implement, finalise or to effect the purchase(s) of the ordinary shares with full powers to assent to any conditions, modifications, variations and/or amendments as may be required or imposed by the relevant authorities and to do all such acts and things (including executing all documents) as the Directors may deem fit and expedient in the best interest of the Company.” (Please refer to Explanatory Note E) Ordinary Resolution 12 9. Proposed continuation in office of General Tan Sri (Dr) Mohamed Hashim bin Mohd Ali (Rtd) as Independent Non-Executive Director of the Company “ THAT subject to the passing of Ordinary Resolution 3, approval be and is hereby given to General Tan Sri (Dr) Mohamed Hashim bin Mohd Ali (Rtd) who has served as an Independent Non-Executive Director of the Company for a cumulative termof nine (9) years, to continue to act as an Independent Non-Executive Director of the Company until the conclusion of the next AGM in accordance with the Malaysian Code on Corporate Governance 2017 (“MCCG 2017”).” (Please refer to Explanatory Note F) Ordinary Resolution 13 Notice of Twelfth Annual General Meeting (Cont’d)