Sasbadi Annual Report 2020

151 ANNUAL REPORT 2020 APPENDIX 1: PROPOSED AMENDMENTS TO THE CONSTITUTION OF THE COMPANY Clause No. Existing Clause Proposed Amendment 17 Subject to the Listing Requirements, the provisions of the Act, the Central Depositories Act and/or the Rules and notwithstanding the existence of a resolution pursuant to Section 75(1) and 76(1) of the Act, the Company must ensure that it shall not issue any shares or convertible securities if the total number of shares or convertible securities, when aggregated with the total number of any such shares or convertible securities issued during the preceding twelve (12) months, exceeds ten percent (10%) of the total number of issued shares (excluding treasury shares) of the Company, except where the shares or convertible securities are issued with the prior approval of the members in general meeting of the precise terms and conditions of the issue. In working out the number of shares or convertible securities that may be issued by the Company, if the security is a convertible security, each of such security is counted as the maximum number of shares into which it can be converted or exercised. Subject to the Listing Requirements, the provisions of the Act, the Central Depositories Act and/or the Rules and notwithstanding the existence of a resolution pursuant to Section 75(1) and 76(1) of the Act, the Company must not issue any shares or convertible securities, except where the shares or convertible securities are issued with the prior approval of the members in a general meeting of the precise terms and conditions of the issue. 87 Every member entitled to attend and vote at a meeting of the Company, or at a meeting of any class of members of the Company, is entitled to appoint not more than two (2) proxies to attend and vote instead of him. Every member entitled to attend and vote at a meeting of the Company, or at a meeting of any class of members of the Company, is entitled to appoint more than one (1) proxy to attend and vote instead of him. 109 The instrument appointing a proxy shall be in the following formwith such variations as circumstances may require or the statutes permit or in such other form as the Directors may approve or in any particular case may accept. The instrument appointing a proxy shall, subject always to the applicable laws, be in such other form as the Directors may approve or in any particular case may accept.