PRG Holdings Berhad Annual Report 2020

PRG HOLDINGS BERHAD Notice of Twentieth Annual General Meeting cont’d 196 (i) the maximum number of ordinary shares purchased and/or held as treasury shares by the Company shall not exceed 10% of the total number of issued shares of the Company; (ii) the maximum amount of funds to be utilised shall not exceed the retained profits of the Company; and (iii) upon completion of the purchase(s) of its shares by the Company, the shares shall be dealt with in the following manner:- (a) to cancel the shares so purchased; or (b) to retain the shares so purchased as treasury shares (which may be dealt with in accordance with Section 127(7) of the Companies Act 2016); or (c) to retain part of the shares so purchased as treasury shares and cancel the remainder. AND THAT the authority conferred by this resolution will be effective upon the passing of this resolution and will continue to be in force until:- (a) the conclusion of the next Annual General Meeting of the Company at which time it will lapse, unless the authority is renewed by a resolution passed at that meeting, either unconditionally or subject to conditions; (b) the expiry of the period within which the next Annual General Meeting is required by law to be held; or (c) revoked or varied by ordinary resolution passed by the shareholders in general meeting, whichever so occurs first, but not to prejudice the completion of the purchase(s) by the Company before the aforesaid expiry date, and in any event, in accordance with the provisions of the Listing Requirements of Bursa Securities or any other relevant authorities for the time being in force. AND THAT the Directors of the Company be and are hereby authorised to do all acts, deeds and things and to execute, sign and deliver all such documents as they may deem necessary or expedient in the best interest of the Company, with full power to assent to any conditions, modifications, variations and/or amendments as may be imposed by the relevant authorities to give effect to the Proposed Share Buy-Back Authority.” 8. To transact any other business of which due notice shall have been given in accordance with the Companies Act 2016 and the Company’s Constitution. BY ORDER OF THE BOARD YEOH CHONG KEAT (MIA 2736) (SSM PC NO. 201908004096) LIM FEI CHIA (MAICSA 7036158) (SSM PC NO. 202008000515) Company Secretaries Kuala Lumpur 28 April 2021