MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) 268 The mandate, if passed, will give flexibility to the Directors of the Company to issue shares and allot up to a maximum of 10% of the total number of issued MYEG Shares (excluding treasury shares) at the time of such allotment and issuance of MYEG Shares and for such purposes as they consider would be in the best interest of the Company without having to convene separate general meetings. This authority, unless revoked or varied at a general meeting, will expire at the conclusion of the 22nd AGM of the Company. The rationale for this resolution is to eliminate the need to convene general meeting(s) from time to time to seek shareholders’ approval as and when the Company issues new MYEG Shares for future business opportunities for the purpose of funding investment project(s), working capital and/or acquisitions and thereby reducing administrative time and cost associated with the convening of such meeting(s). The Company had on 29 October 2021 issued and allotted about 2.92% of the total number of issued shares (excluding treasury shares), representing 210,000,000 ordinary shares (“Placement Shares”) via a private placement and raised proceeds amounting to RM214,200,000 to fund the development of healthcare related services and healthcare related technology, development of automated driving test and training system and purchase of hardware, development of blockchain products and services, working capital and estimated expenses for the private placement. The Company had subsequently on 4 April 2022 sought the approval from Bursa Securities for an extension of time of 6 months from 26 April 2022 to 25 October 2022 for the Company to complete the implementation of the share placement. The status of utilisation from the proceeds of RM214,200,000 are set out under the Additional Compliance Information in the Annual Report 2021. (F) Ordinary Resolution 10 – Proposed Renewal of Authority for Directors to Allot and Issue Shares in relation to the DRP The proposed Ordinary Resolution 10, if passed, will give authority to the Directors of the Company to allot and issue new MYEG Shares pursuant to the DRP. This authority, unless revoked or varied at a general meeting, will expire at the conclusion of the 22nd AGM of the Company. PARTICIPATION AND PROXY: 1. The 21st AGM of the Company will be held as a virtual meeting through live streaming and online remote voting using RPV facilities via Vote2U at https://web.vote2u.my. Please refer to the Administrative Guide for Shareholders for the procedures to register, participate and vote remotely through the RPV facilities. 2. In compliance with Section 327(2) of the Act, the Chairman shall be present at the main venue of the meeting in Malaysia and in accordance with Clause 63 of the Company’s Constitution which allows a meeting of members to be held at more than one venue, using any technology or method that allows all Members of the Company to participate and exercise the members’ right to participate and vote at the meeting. Shareholders, proxy(ies) and corporate representatives will not be allowed to be physically present nor enter the Broadcast Venue. 3. Pursuant to Paragraph 8.29A of the MMLR of Bursa Securities, voting at the 21st AGM will be conducted by poll rather than a show of hands. Poll Administrator and Independent Scrutineers will be appointed to conduct the polling process and verify the results of the poll respectively. 4. A member entitled to attend, participate and vote at the virtual meeting is entitled to appoint proxy(ies) to attend and vote in his/her stead. If the proxy(ies) is not a member of the Company, he/she need not be an advocate, an approved company auditor or a person approved by the Registrar of Companies and there shall be no restriction as to qualification of the proxy(ies). 5. A member shall be entitled to appoint up to two (2) proxies or attorneys or authorised representatives to vote at the same virtual meeting. Where a member appoints more than one (1) proxy, the appointment shall be invalid unless he/she specifies the proportion of his/her shareholdings to be represented by each proxy. 6. Where a member of the Company is an exempt authorised nominee which holds MYEG Shares for multiple beneficial owners in one securities account (“Omnibus Account”), there shall be no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each Omnibus Account it holds. NOTICE OF THE TWENTY-FIRST ANNUAL GENERAL MEETING (CONT’D)
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