Sasbadi Annual Report 2020

155 ANNUAL REPORT 2020 NOTICE OF EIGHTH ANNUAL GENERAL MEETING SASBADI HOLDINGS BERHAD Registration No. 201201038178 (1022660-T) (Incorporated in Malaysia) NOTICE OF EIGHTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of Sasbadi Holdings Berhad will be conducted on a fully virtual basis through live streaming from the Broadcast Venue at Lot 12, Jalan Teknologi 3/4, Taman Sains Selangor 1, Kota Damansara, 47810 Petaling Jaya, Selangor on Thursday, 4 February 2021 at 10.00 a.m. to transact the following business:- ORDINARY BUSINESS 1. To receive the Audited Financial Statements for the financial year ended 31 August 2020 and the Reports of Directors and Auditors thereon. 2. To approve the payment of a sum of not exceeding RM560,000.00 as total Directors’ Fees and benefits for the financial year ending 31 August 2021. Ordinary Resolution 1 3. To re-elect the following Directors who are retiring by rotation pursuant to the Company’s Constitution:- 3.1 Mr Law King Hui 3.2 Mr Lee Swee Hang Ordinary Resolution 2 Ordinary Resolution 3 4. To appoint BDO PLT as the Auditors of the Company in place of the retiring Auditors, KPMG PLT and to hold office until the conclusion of the next Annual General Meeting and authorise the Board of Directors to fix the Auditors’ remuneration. Ordinary Resolution 4 SPECIAL BUSINESS To consider and if deemed fit, with or without any modification(s), to pass the following Resolutions:- 5. PROPOSED AMENDMENTS TO THE COMPANY’S CONSTITUTION “THAT the proposed amendments to the Company’s Constitution as set out in Appendix I of the Annual Report 2020 be and are hereby approved and adopted, with immediate effect AND THAT the Directors of the Company be and are hereby authorised to do all such acts, deeds and things that are necessary and/or expedient to give full effect to the foregoing.” Special Resolution 6. AUTHORITY FOR DIRECTORS TO ISSUE SHARES Ordinary Resolution 5 “THAT subject to the passing of Special Resolution, pursuant to Sections 75 and 76 of the Companies Act 2016, and subject to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) and the approvals of the relevant governmental and/or regulatory authorities (if any), the Directors be and are hereby empowered to allot and issue new shares in the Company at any time, to such person or persons, upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit, provided that the aggregate number of shares issued pursuant to this resolution does not exceed 20% of the total number of issued shares of the Company (excluding treasury shares) at the time of issue AND THAT the Directors be and are also empowered to obtain the approval from Bursa Securities for the listing of and quotation for the additional shares so issued AND THAT such authority shall continue to be in force until the conclusion of the next Annual General Meeting (“AGM”) of the Company.”