Frontken Berhad Annual Report 2017

131 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2017 6. PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES (“PROPOSED RENEWAL OF SHARE BUY-BACK MANDATE”) “ THAT subject to the provisions under the Act, the Constitution of the Company, the Listing Requirements and any other applicable laws, rules, regulations and guidelines for the time being in force, the Company be and is hereby authorised to purchase such number of ordinary shares in the Company (“Shares”) as may be determined by the Directors from time to time through Bursa Securities upon such terms and conditions as the Directors may deem fit and expedient in the interest of the Company provided that the aggregate number of shares purchased pursuant to this resolution shall not exceed 10% of the total number of issued shares of the Company. THAT the maximum amount of funds to be allocated for the purpose of purchasing the Shares shall not exceed the retained profits of the Company. THAT authority be and is hereby given to the Directors to decide at their discretion, as may be permitted and prescribed by the Act and/or any prevailing laws, rules, regulations, orders, guidelines and requirements issued by the relevant authorities for the time being in force to deal with any of the Shares so purchased by the Company in the following manner: (i) the Shares so purchased could be cancelled or transferred; or (ii) the Shares so purchased could be retained as treasury shares for distribution as dividends or bonus shares to the shareholders of the Company and/or be resold through Bursa Securities in accordance with the relevant rules of Bursa Securities and/or be cancelled subsequently; or (iii) combination of (i) and (ii) above. THAT the authority conferred by this resolution will be effective immediately from the passing of this ordinary resolution and shall continue to be in force until: (i) the conclusion of the next AGM of the Company, at which time the said authority would lapse unless by an ordinary resolution passed at that meeting, the authority is renewed, either unconditionally or subject to conditions; or (ii) the expiration of the period within which the next AGM is required by law to be held; or (iii) the authority is revoked or varied by an ordinary resolution of the shareholders of the Company in a general meeting, whichever occurs first. AND THAT the Directors be and are hereby authorised to take such steps as are necessary or expedient to implement or to effect the purchase(s) of the Shares with full power to assent to any conditions, modifications, variations and/or amendments as may be imposed by the relevant authorities and to take such steps as they may deem necessary or expedient in order to implement, finalise and give full effect in relation thereto.” (Ordinary Resolution 6) 7. RETENTION OF INDEPENDENT DIRECTOR To consider and if thought fit, to pass the following resolution as Ordinary Resolution: “ THAT approval be and is hereby given to Dato’ Haji Johar Bin Murat @ Murad, who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than twelve (12) years, to continue to act as an Independent Non-Executive Director of the Company.” (Ordinary Resolution 7) 8. To transact any other business of which due notice shall be given. BY ORDER OF THE BOARD Mah Li Chen (MAICSA 7022751) Chew Mei Ling (MAICSA 7019175) Company Secretaries Kuala Lumpur 30 April 2018 Notice Of Annual General Meeting (cont’d)