Tropicana Corporation Berhad Annual Report 2020

2. Ordinary Resolution 14 - Proposed authority for Directors to issue shares pursuant to Sections 75 and 76 of the Act The general mandate sought by the Company under the proposed Ordinary Resolution 14 is to renew the previous general mandate granted to the Directors of the Company at the 41 st Annual General Meeting held on 9 September 2020 to issue shares pursuant to Sections 75 and 76 of the Act. As at the date of this notice, no new shares in the Company were issued under the previous general mandate, which will lapse at the conclusion of the 42 nd Annual General Meeting and hence, no proceeds raised therefrom. As part of the initiative from Bursa Malaysia Securities Berhad to aid and facilitate listed issuers in sustaining their business or easing their compliance with Bursa Malaysia Securities Berhad’s rules, amid the unprecedented uncertainty surrounding the recovery of the COVID-19 pandemic and the Movement Control Order imposed by the Government, Bursa Malaysia Securities Berhad had via a Bursa Malaysia Berhad’s letter dated 16 April 2020 allowed listed issuers to seek a higher general mandate under Paragraph 6.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad of not more than twenty per centum (20%) of the total number of issued shares (excluding treasury shares) for issue of securities (“ 20% General Mandate ”), which may be utilised to issue new securities until 31 December 2021 and thereafter, ten per centum (10%) of the total number of issued shares of the Company for the time being as stipulated under Paragraph 6.03(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“ 10% General Mandate ”). In light of the economic challenges brought about by the Covid-19 pandemic, the Board is of the opinion that the 20% General Mandate is useful for the Company to meet its financial needs during the period covered and therefore, it is in the best interest of the Company and its shareholders. Should the 20% General Mandate and/or 10% General Mandate be exercised, the Directors will utilise the proceeds raised for working capital or such other applications they may in their absolute discretion deem fit. Instances for which the Company may issue new shares under this general mandate include but not limited to the purpose(s) of complying with public shareholding spread requirements and raising funds through private placement for purposes of working capital requirement and/or allowing the entry of strategic partners. 3. Ordinary Resolution 15 - Proposed renewal of authority for the Company to purchase its own shares The proposed Ordinary Resolution 15, if passed, will renew the shareholders’ mandate for the Company to purchase and/or hold up to ten per centum (10%) of the total number of issued shares of the Company. This authority, unless revoked or varied by the Company at a general meeting, will expire at the conclusion of the 43 rd Annual General Meeting. Further information on this proposal is set out in the Share Buy-Back Statement dated 25 May 2021. 4. Ordinary Resolution 16 - Proposed renewal of authority to allot and issue ordinary shares in Tropicana for the purpose of Tropicana’s Dividend Reinvestment Scheme (“DRS”) that provides shareholders of Tropicana the option to elect to reinvest their cash dividend entitlements in new ordinary shares in Tropicana The proposed Ordinary Resolution 16, if passed, will empower the Directors of the Company to allot and issue new ordinary shares in the Company in respect of dividends to be declared, if any, under the DRS. This authority, unless revoked or varied by the Company at a general meeting, will expire at the conclusion of the 43 rd Annual General Meeting. NOTICE OF ANNUAL GENERAL MEETING WHAT IS SECURITIES SERVICES e-Portal? Securities Services e-Portal is an online platform that will allow both individual shareholders and body corporate shareholders through their appointed representatives, to - • Submit proxy form electronically – paperless submission • Register for remote participation and voting at meeting • Participate in meeting remotely via live streaming • Vote online remotely on resolution(s) tabled at meeting (referred to as “ e-Services ”). The usage of the e-Portal is dependent on the engagement of the relevant e-Services by Tropicana Corporation Berhad and is by no means a guarantee of availability of use, unless we are so engaged to provide. All users are to read, agree and abide to all the Terms and Conditions of Use and Privacy Policy as required throughout the e-Portal. Please note that the e-Portal is best viewed on the latest versions of Chrome, Firefox, Edge and Safari . REQUIRE ASSISTANCE? Please contact Mr. Wong Piang Yoong (DID: +603 2084 9168) or Ms. Lee Pei Yeng (DID: +603 2084 9169) or Ms. Rachel Ou (DID: +603 2084 9161) or our general line (DID: +603 2084 9000) to request for e-Services Assistance during our office hours on Monday to Friday from 8:30 a.m. to 12:15 p.m. and from 1:15 p.m. to 5:30 p.m. Alternatively, you may email us at eservices@sshsb.com.my TROPICANA CORPORATION BERHAD - FULLY VIRTUAL 42 ND AGM ON 25 JUNE 2021 ADMINISTRATIVE GUIDE BEFORE THE MEETING ON THE DAY OF THE MEETING (A) Sign up for a user account at Securities Services e-Portal Only if you are not an existing registered user (B) Register for Remote Participation Where you wish to participate remotely at the meeting (D) Join the Live Stream Meeting (eLive) (C) Submit e-Proxy Form Where you wish to appoint proxy(ies) to participate remotely on your behalf (you may also submit the hard copy Proxy Form) (E) Vote Online Remotely during the Meeting (eVoting) OR AND ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 320 321