'%" IRREDEEMABLE#CONVERTIBLE#PREFERENCE#SHARES#AND#PERPETUAL#BOND#(CONT’D") Irredeemable!Convertible!Preference!Shares!(cont’d*) The!salient!terms!of!the!ICPS!were!as!follows)!(cont’d') (h) Meeting!and!Voting!Rights Each!ICPS!Holder!shall!have!the!right!to!receive!notices&!annual!reports!and!audited!financial!statements!and!attending!in!person! or!proxy&!at!any!general!meetings!of!the!Company!but!shall!not!be!entitled!to!speak&!vote&!move!resolutions!in!any!way!except!at! a!meeting!convened!in!respect!of!any!proposal!or!resolution!made) (i) when!the!dividend!or!part!of!the!dividend!on!the!ICPS!is!in!arrears!for!more!than!six!(%)!months* (ii)! on!a!proposal!to!reduce!the!Company’s!share!capital* (iii) on!a!proposal!for!the!disposal!of!the!whole!of!the!Company’s!property&!business!and!undertaking* (iv) on!a!proposal!that!a(ects!the!rights!and!privileges!attached!to!the!ICPS*! (v) on!a!proposal!to!wind!up!the!Company*!and (vi)! during!the!winding!up!of!the!Company' The!abovementioned!proposal!shall!subject!to!the!sanction!of!a!resolution!passed!at!a!separate!meeting!of!the!ICPS!Holders'!A! separate!meeting!of!ICPS!Holders!shall!be!convened!in!respect!of!the!abovementioned!proposal!or!resolution&!for!the!ICPS!Holders! to!speak!and!vote!at!such!meeting'!To!every!such!separate!meeting&!the!provisions!of!this!Constitution!relating!to!general!meetings! shall!mutatis!mutandis!apply&!except!that!in!the!case!of!having!only!one!ICPS!Holder&!one!ICPS!Holder!personally!present!at!a! meeting!shall!constitute!a!quorum' (i) Variation!of!Rights No!alteration&!variation&!amendment&!addition&!deletion!or!substitution!to!the!provisions!of!this!Clause!"#A!shall!be!made!unless! the!Company!shall!have!obtained!the!written!consent!of!the!ICPS!Holders!representing!not!less!than!seventy-five!per!cent!(0/3)!of! the!total!voting!rights!of!the!ICPS!Holder!or!the!sanction!of!a!special!resolution!passed!at!a!separate!meeting!of!the!ICPS!Holders'! While!any!ICPS!remains!unconverted!into!ordinary!shares&!no!resolution!shall!be!passed!for!reducing!the!share!capital!of!the! Company&!unless!the!Company!shall!have!obtained!the!written!consent!of!the!ICPS!Holders!representing!not!less!than!seventy-five! per!cent!(0/3)!of!the!total!voting!rights!of!the!ICPS!Holder!or!the!sanction!of!a!special!resolution!passed!at!a!separate!meeting!of! the!ICPS!Holders' To!every!such!separate!meeting&!the!provisions!of!this!Constitution!relating!to!general!meetings!shall!mutatis!mutandis!apply! except!that!in!the!case!of!having!only!one!ICPS!Holder&!one!ICPS!Holder!personally!present!at!a!meeting!shall!constitute!a!quorum' (j) Priority!in!winding!up On!winding!up!or!repayment!of!capital&!the!ICPS!Holder!shall!be!entitled!to!repayment!of!the!capital!paid!up!on!these!ICPS! (together!with!a!sum!equal!to!any!arrears!or!deficiency!of!the!fixed!dividend&!whether!declared!or!earned!or!not&!calculated!down! to!the!date!of!the!return!of!capital)!in!priority!to!any!payment!to!the!holders!of!the!ordinary!shares' (k) Listing!Status The!ICPS!will!not!be!listed!on!the!Main!Market!of!the!Exchange'!The!new!ordinary!shares!in!the!Company!to!be!issued!upon!the! conversion!of!ICPS!will!be!listed!and!quoted!on!the!Main!Market!of!the!Exchange' (l) Governing!Law The!ICPS!will!be!governed!under!the!laws!of!Malaysia' NOTES TO THE FINANCIAL STATEMENTS FOR!THE!FINANCIAL!YEAR!ENDED!'$!DECEMBER!"%"' 266 ANNUAL REPORT 2023
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