Mohd Isa bin Ismail : Mohd Isa bin Ismail has been a valuable asset to the Board and with his diligent and proficient performance as a Non-Independent Non-Executive Director, he has greatly contributed to the Company’s strategic direction. Mohd Isa bin Ismail has exercised his due care and carried out his professional duties proficiently during his tenure as a Non-Independent Non-Executive Director of the Company. 3. Item 6 of the Agenda The Company had, during its Fifty-Second Annual General Meeting (“52nd AGM”) held on 6 December 2022, obtained shareholders’ approval in relation to the Directors’ fees and benefits payable to the Non-Executive Directors of the Company and its subsidiaries for the period from 7 December 2022 until the 53rd AGM of the Company. The proposed Ordinary Resolution 6, if passed, will give authority to the Company and its subsidiaries to pay the Directors’ fees and benefits to our Directors, on a monthly basis and after each month of completed service of our Directors. The benefits payable to the Directors comprise allowances and other emolument payable to the Chairman and members of the Board, Board of subsidiaries, Board Committees and such other committees as may be established by the Board. The payment of Directors’ fees and benefits to the Directors of the Company and its subsidiaries are based on among others, the following rates maintained as per the 52nd AGM: Description The Company Chairman Non-Executive Directors Monthly Directors’ Fee (a) Board RM18,000.00 RM12,000.00 (b) Audit Committee RM6,000.00 RM3,000.00 (c) Other Committees RM1,000.00 RM800.00 Meeting Allowances (a) Board RM2,250.00 RM2,250.00 (b) Board Committees RM1,500.00 RM1,500.00 Benefits Medical and Hospitalisation Description Company’s Subsidiary Chairman Non-Executive Directors Directors’ Fee (a) Dagang Net Technologies Sdn. Bhd. RM48,000.00 per annum RM24,000.00 per annum (b) SilTerra Malaysia Sdn. Bhd. RM72,000.00 per annum RM54,000.00 per annum (c) Ping Petroleum Limited USD30,000.00 per annum USD20,000.00 per annum (d) Innovation Associates Consulting Sdn. Bhd. RM60,000.00 per annum RM60,000.00 per annum The rapid growth of the Company has resulted in greater responsibilities, risk and time taken by the Directors to contribute their expertise to the Company. The Board is of the view that the proposed payment of Directors’ fees and benefits to the Directors commensurate with the level of responsibility and accountability of the Directors and the amount of time that they are expected to devote in discharging their roles. Shareholders’ Information DAGANG NeXCHANGE BERHAD 322 NOTICE OF 53RD ANNUAL GENERAL MEETING
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