Frontken Berhad Annual Report 2018

140 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2018 PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES (“PROPOSED RENEWAL OF SHARE BUY-BACK MANDATE”) “ THAT \^KSNL] ]X ]QN Y[X_R\RXW\ ^WMN[ ]QN *L] ]QN ,XW\]R]^]RXW XO ]QN ,XVYJWb ]QN 5R\]RWP ;NZ^R[NVNW]\ JWM JWb X]QN[ JYYURLJKUN UJ`\ [^UN\ [NP^UJ]RXW\ JWM P^RMNURWN\ OX[ ]QN ]RVN KNRWP RW OX[LN ]QN ,XVYJWb KN JWM R\ QN[NKb J^]QX[R\NM ]X Y^[LQJ\N \^LQ W^VKN[ XO X[MRWJ[b \QJ[N\ RW the Company (“Shares”) as may be determined by the Directors from time to time through Bursa <NL^[R]RN\ ^YXW \^LQ ]N[V\ JWM LXWMR]RXW\ J\ ]QN -R[NL]X[\ VJb MNNV ࠰] JWM NaYNMRNW] RW ]QN interest of the Company provided that the aggregate number of shares purchased pursuant to this [N\XU^]RXW \QJUU WX] NaLNNM XO ]QN ]X]JU W^VKN[ XO R\\^NM \QJ[N\ XO ]QN ,XVYJWb THAT ]QN VJaRV^V JVX^W] XO O^WM\ ]X KN JUUXLJ]NM OX[ ]QN Y^[YX\N XO Y^[LQJ\RWP ]QN <QJ[N\ \QJUU WX] NaLNNM ]QN [N]JRWNM Y[X࠰]\ XO ]QN ,XVYJWb THAT J^]QX[R]b KN JWM R\ QN[NKb PR_NW ]X ]QN -R[NL]X[\ ]X MNLRMN J] ]QNR[ MR\L[N]RXW J\ VJb KN YN[VR]]NM JWM Y[N\L[RKNM Kb ]QN *L] JWM X[ JWb Y[N_JRURWP UJ`\ [^UN\ [NP^UJ]RXW\ X[MN[\ guidelines and requirements issued by the relevant authorities for the time being in force to deal `R]Q JWb XO ]QN <QJ[N\ \X Y^[LQJ\NM Kb ]QN ,XVYJWb RW ]QN OXUUX`RWP VJWWN[# (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 KXW^\ \QJ[N\ ]X ]QN \QJ[NQXUMN[\ XO ]QN ,XVYJWb JWM X[ KN [N\XUM ]Q[X^PQ +^[\J <NL^[R]RN\ RW JLLX[MJWLN `R]Q ]QN [NUN_JW] [^UN\ XO +^[\J <NL^[R]RN\ JWM X[ ][JW\ON[[NM ]X NVYUXbNN\ ^WMN[ JW NVYUXbNN\۴ \QJ[N \LQNVN JWM X[ J\ Y^[LQJ\N LXW\RMN[J]RXW OX[ JWb JLZ^R\R]RXW$ X[ RRR LXVKRWJ]RXW XO R JWM RR JKX_N THAT the authority conferred by this resolution will be effective immediately from the passing of this X[MRWJ[b [N\XU^]RXW JWM \QJUU LXW]RW^N ]X KN RW OX[LN ^W]RU# R ]QN LXWLU^\RXW XO ]QN WNa] *06 XO ]QN ,XVYJWb J] `QRLQ ]RVN ]QN \JRM J^]QX[R]b `X^UM UJY\N ^WUN\\ Kb JW X[MRWJ[b [N\XU^]RXW YJ\\NM J] ]QJ] VNN]RWP ]QN J^]QX[R]b R\ [NWN`NM NR]QN[ unconditionally or subject to conditions; or RR ]QN NaYR[J]RXW XO ]QN YN[RXM `R]QRW `QRLQ ]QN WNa] *06 R\ [NZ^R[NM Kb UJ` ]X KN QNUM$ X[ (iii) the authority is revoked or varied by an ordinary resolution of the shareholders of the Company RW J PNWN[JU VNN]RWP `QRLQN_N[ XLL^[\ ࠰[\] AND THAT the Directors be and are hereby authorised to take such steps as are necessary or NaYNMRNW] ]X RVYUNVNW] X[ ]X NOONL] ]QN Y^[LQJ\N \ XO ]QN <QJ[N\ `R]Q O^UU YX`N[ ]X J\\NW] ]X JWb LXWMR]RXW\ VXMR࠰LJ]RXW\ _J[RJ]RXW\ JWM X[ JVNWMVNW]\ J\ VJb KN RVYX\NM Kb ]QN [NUN_JW] J^]QX[R]RN\ JWM ]X ]JTN \^LQ \]NY\ J\ ]QNb VJb MNNV WNLN\\J[b X[ NaYNMRNW] RW X[MN[ ]X RVYUNVNW] ࠰WJUR\N JWM PR_N O^UU NOONL] RW [NUJ]RXW ]QN[N]X ۸ (Ordinary Resolution 6) RETENTION OF INDEPENDENT DIRECTORS =X LXW\RMN[ JWM RO ]QX^PQ] ࠰] ]X YJ\\ ]QN OXUUX`RWP J\ 8[MRWJ[b ;N\XU^]RXW\# (i) “THAT JYY[X_JU KN JWM R\ QN[NKb PR_NW ]X -J]X۴ 1JSR 3XQJ[ +RW 6^[J] ) 6^[JM `QX QJ\ \N[_NM J\ JW 2WMNYNWMNW] 7XW .aNL^]R_N -R[NL]X[ XO ]QN ,XVYJWb OX[ J L^V^UJ]R_N ]N[V XO VX[N ]QJW ]`NU_N bNJ[\ ]X LXW]RW^N ]X JL] J\ JW 2WMNYNWMNW] 7XW .aNL^]R_N -R[NL]X[ XO ]QN ,XVYJWb ۸$ JWM (ii) “THAT JYY[X_JU KN JWM R\ QN[NKb PR_NW ]X 6[ *J[XW <RV 4`NN 5NRW `QX QJ\ \N[_NM J\ JW 2WMNYNWMNW] 7XW .aNL^]R_N -R[NL]X[ XO ]QN ,XVYJWb OX[ J L^V^UJ]R_N ]N[V XO VX[N ]QJW WRWN " bNJ[\ ]X LXW]RW^N ]X JL] J\ JW 2WMNYNWMNW] 7XW .aNL^]R_N -R[NL]X[ XO ]QN ,XVYJWb ۸ (Ordinary Resolution 7) (Ordinary Resolution 8) Notice Of Annual General Meeting (cont’d)