EXPLANATORY NOTES TO ORDINARY BUSINESS 1. Laying!of!Audited!Financial!Statements!and!Reports!of!the!Directors!and!the!Auditors!thereon In!accordance!with!Section!+1#($)(a)!of!the!Companies!Act!"#$%!(“the!Act”)&!the!Company!is!required!to!lay!the!Audited!Financial! Statements!and!the!Reports!of!the!Directors!and!the!Auditors!thereon!at!its!Annual!General!Meeting'!Hence&!the!Agenda!item!no'!$!above! is!not!a!business!which!requires!a!resolution!to!be!put!to!vote!by!the!shareholders'!This!Agenda!item!is!for!discussion!and!receipt!only' "' Ordinary!Resolution!#!–!Approval!for!Directors’!fees!from!this!Annual!General!Meeting!until!the!conclusion!of!the!next!Annual!General! Meeting!of!the!Company!to!be!held!in!year!+"+' Section!"+#($)!of!the!Act!requires!the!fees!of!the!directors!and!any!benefits!payable!to!the!directors!of!a!public!company!shall!be! approved!at!a!general!meeting'!Pursuant!thereto&!the!Company!is!seeking!the!shareholders’!approval!for!the!payment!of!Directors’!fees! to!the!Non-Executive!Directors!from!this!Annual!General!Meeting!until!the!conclusion!of!the!next!Annual!General!Meeting!of!the!Company! to!be!held!in!year!"#"/!in!accordance!with!the!Directors’!fees!structure!as!set!out!below) Fees (RM/year) Board of Directors (“Board”)/Board Committee Chairman Deputy Chairman Senior Independent Director Members Board 240,000 $,#&### 165,000 150,000 Audit Committee 28,000 – – 20,000 Risk Management & Sustainability Committee 19,000 – – 13,000 Other Committees 10,000 – – 6,000 The!proposed!Ordinary!Resolution!$&!if!passed&!will!give!approval!to!the!Company!to!pay!the!Directors’!fees!to!the!Non-Executive! Directors!on!the!basis!as!determined!by!the!Board!for!their!services!as!members!of!the!Board!and!Board!Committees' +' Ordinary!Resolutions!$!–!(!–!Re-election!of!Directors!who!retire!in!accordance!with!Clauses!##+!and!##$!of!the!Company’s!Constitution In accordance to Clause 112 of the Company’s Constitution, any Director appointed shall hold o!ce until the next following Annual General Meeting of the Company and shall be eligible for re-election at such Meeting. A Director retiring under this Clause shall not be taken into account in determining the Directors or the number of Directors to retire by rotation in Clause 113 of the Company’s Constitution. Mr Din Tan Yong Chia and Madam Koh Huey Min who retire in accordance with Clause 112 of the Company’s Constitution and who being eligible o"ered themselves for re-election. Clause 113 of the Company’s Constitution provides that one-third (1/3) of the Directors (with the exception of Alternate Director) for the time being, or, if their number is not three (3) or a multiple of three (3), then the number nearest to one-third (1/3) shall retire from o!ce and be eligible for re-election. Out of the current Board size of eleven (11), two (2) are to retire in accordance with Clause 112 of the Company’s Constitution, thus three (3) out of nine (9) Directors are to retire by rotation in accordance with Clause 113 of the Company’s Constitution. NOTICE OF FORTY-FIFTH ANNUAL GENERAL MEETING 330 ANNUAL REPORT 2023
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