Wah Seong Corporation Berhad Annual Report 2017

ADDITIONAL INFORMATION WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 205 STATEMENT ACCOMPANYING NOTICE OF EIGHTEENTH ANNUAL GENERAL MEETING 1. Details of Individual who is standing for election as Director No individual is seeking for election as a Director of the Company at the Eighteenth Annual General Meeting of the Company. 2. There is a renewal of the general mandate for the issuance of securities to be sought in accordance with Paragraph 6.03(3) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, at the Eighteenth Annual General Meeting of the Company. No proceeds was raised from the previous mandate as the Company has not issued any new shares pursuant to Sections 75 and 76 of the Companies Act, 2016 under the general mandate which was approved at the Seventeenth Annual General Meeting of the Company held on 19 May 2017. The purpose for the general mandate being sought to issue shares pursuant to Sections 75 and 76 of the Companies Act, 2016 is to provide flexibility and expediency to the Company for any possible fund raising involving the issuance or placement of shares to facilitate business expansion or strategic merger and acquisition opportunities involving equity deals or part equity or to fund future investment project(s) or for working capital requirements, which the Directors of the Company consider to be in the best interest of the Company. As such, any additional cost to be incurred or delay arising from the need to convene a general meeting to approve such issuance of shares could be eliminated. 3. Date, time and place of the Eighteenth Annual General Meeting Date : Friday, 25 May 2018 Time : 11.00 a.m. Place : Perdana IV, Level 3, Cititel Hotel, 66 Jalan Penang, 10000 Penang, Malaysia.