Wah Seong Corporation Berhad Annual Report 2020

200 WAH SEONG CORPORATION BERHAD NOTICE OF TWENTY-FIRST ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Twenty-First Annual General Meeting of WAH SEONG CORPORATION BERHAD (“the Company”) will be conducted through live streaming and online remote participation using Remote Participation and Voting (“RPV”) Facilities as a fully virtual general meeting at the Broadcasting Venue to be held at Boardroom, Suite 19.01, Level 19, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, Wilayah Persekutuan, Malaysia on Friday, 21 May 2021 at 11.00 a.m. for the following purposes: AGENDA As Ordinary Business 1. To receive the Audited Financial Statements of the Company and the Group for the financial year ended 31 December 2020 and the Reports of the Directors and Auditors thereon. 2. To approve the proposed increase in Directors’ Meeting Allowances of up to RM250,000 payable for the financial year ended 31 December 2020 and subsequent financial years. Ordinary Resolution 1 3. To approve the Directors’ Fees of RM530,000 and Directors’ Meeting Allowances of RM198,000 payable for the financial year ended 31 December 2020. Ordinary Resolution 2 4. To re-elect the following Directors who retire pursuant to Clause 116 of the Company’s Constitution: (i) Chan Cheu Leong (ii) Tan Sri Saw Choo Boon (iii) Tan Jian Hong, Aaron Ordinary Resolution 3 Ordinary Resolution 4 Ordinary Resolution 5 5. To re-appoint PricewaterhouseCoopers PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. Ordinary Resolution 6 As Special Business To consider, and if thought fit, to pass the following Ordinary/Special Resolutions, with or without modifications thereto: 6. Ordinary Resolution Authority to Issue Shares by the Directors of the Company “THAT, subject always to the Companies Act, 2016 (“the Act”), the Company’s Constitution and approvals from the relevant governmental and/or regulatory bodies where such approvals shall be necessary, authority be and is hereby given to the Directors of the Company pursuant to Sections 75 and 76 of the Act and the Additional Temporary Relief Measures to Listed Issuers – Increased General Mandate Limit for New Issue of Securities issued by Bursa Malaysia Securities Berhad on 16 April 2020, to issue and allot shares in the share capital of the Company from time to time upon such terms and conditions and for such purposes as may be determined by the Directors of the Company to be in the interest of the Company provided always that the aggregate number of shares to be issued pursuant to this resolution does not exceed twenty per centum (20%) of the total number of issued shares (excluding treasury shares) of the Company for the time being AND THAT the Directors of the Company be also empowered to obtain the approval for the listing of and quotation for the additional shares so issued on Bursa Malaysia Securities Berhad AND FURTHER THAT such authority shall continue to be in forced until 31 December 2021 and shall be reinstated to ten per centum (10%) of the total number of issued shares (excluding treasury shares) of the Company from 1 January 2022 until the conclusion of the next Annual General Meeting (“AGM”) of the Company or the expiration of the period within which the next AGM is required by law to be held, whichever is the earlier; but an approval may be revoked or varied at any time by a resolution of the Company in general meeting.” Ordinary Resolution 7