Wah Seong Corporation Berhad Annual Report 2017

ADDITIONAL INFORMATION WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 202 Notes: 1. A proxy may but need not be a Member of the Company. If a Member appoints two (2) proxies, the appointments shall be invalid unless he specifies the proportions of his shareholdings to be represented by each proxy. 2. Where a Member of the Company is an exempt authorised nominee as defined under the Securities Industry (Central Depositories) Act, 1991 (“SICDA”) which holds ordinary shares in the Company for multiple beneficial owners in one securities account (“omnibus account”), there is no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each omnibus account it holds. 3. Where a Member of the Company is an authorised nominee as defined under SICDA, it may appoint at least one (1) proxy in respect of each securities account it holds with ordinary shares of the Company standing to the credit of the said securities account. 4. If the appointer is a corporation, the proxy form must be executed under the common seal or under the hand of its officer or attorney duly authorised in writing. 5. In accordance with Section 334(3) of the Companies Act, 2016, the instrument appointing a proxy and the power of attorney or other authority, if any, under which is signed or a notarially certified copy of that power or authority shall be deposited at the Company’s Registered Office at Suite 19.01, Level 19, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, Malaysia, not less than forty-eight (48) hours before the time for holding the meeting or adjourned meeting at which the person named in the instrument proposes to vote, or, in the case of a poll, not less than twenty-four (24) hours before the time appointed for the taking of the poll at the Eighteenth Annual General Meeting. Pursuant to Paragraph 8.29A(1), Chapter 8 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, all resolutions set out in this notice are required to be voted by poll. Explanatory Notes on Ordinary Business 1. Payment of Directors’ Fees and Directors’ Meeting Allowances for the financial year ended 31 December 2017 The proposed Ordinary Resolution 2, is to obtain shareholders’ approval for the payment of Directors’ Fees and Directors’ Meeting Allowances in respect of the financial year ended 31 December 2017. 2. Payment of Directors’ Fees and Directors’ Meeting Allowances for the financial year ending 31 December 2018 The proposed Ordinary Resolution 3, is to obtain shareholders’ approval for the payment of Directors’ Fees and Directors’ Meeting Allowances in respect of the current financial year, estimated and calculated based on the proposed increase in the number of Independent Non-Executive Directors and the number of scheduled Board and Committee meetings to be held during the financial year ending 31 December 2018. 3. Re-election of Tan Sri Saw Choo Boon as a Director of the Company Tan Sri Saw Choo Boon, the newly appointed Director of the Company is retiring pursuant to Article 117 of the Company’s Constitution (i.e. casual vacancy/appointment of additional Director) and is eligible for re-election as a Director of the Company. Explanatory Notes on Special Business 1. Authority to Issue Shares Pursuant to Sections 75 and 76 of the Companies Act, 2016 The Ordinary Resolution 8, if passed, will give authority to the Directors of the Company to issue and allot shares from the unissued share capital of the Company for such purposes as the Directors of the Company in their absolute discretion consider to be in the interest of the Company without having to convene a general meeting. This authority shall continue to be in force until the conclusion of the next Annual General Meeting (“AGM”) or the expiration of the period within which the next AGM is required by law to be held, whichever is the earlier; but any approval may be previously revoked or varied by a resolution of the Company in general meeting. NOTICE OF EIGHTEENTH ANNUAL GENERAL MEETING