The Waiver will allow the Directors of the Company to issue new shares of the Company which rank equally to existing issued shares of the Company, to any person without having to offer the new shares to all existing shareholders of the Company prior to issuance of new shares in the Company under the General Mandate. The Company did not issue any new shares pursuant to mandate obtained at the Tenth AGM of the Company held on 16 February 2023. Resolution 10 The proposed Resolution 10, if passed, will renew the authority given to the Directors to purchase issued ordinary shares in the Company of not exceeding 10% of the total number of issued shares of the Company through Bursa Securities in accordance with the Act, the provisions of the Constitution of the Company and the requirements of Bursa Securities. This authority unless revoked or varied by the Company at a general meeting, will expire at the next AGM of the Company. Details on the proposal contained under Resolution 10 above are set out in the Statement to Shareholders dated 29 December 2023. STATEMENT ACCOMPANYING NOTICE OF ANNUAL GENERAL MEETING No individual is standing for election as Director at the forthcoming Eleventh Annual General Meeting of the Company. ANNUAL REPORT 2023 SASBADI HOLDINGS BERHAD 146 Notice of Eleventh Annual General Meeting (continued)
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