389 ANNUAL GENERAL MEETING | NOTICE OF ANNUAL GENERAL MEETING The disapplication of pre-emptive rights pursuant to Section 85 of the Companies Act 2016 to be read together with Clause 13(G) of the Constitution of the Company will allow the Directors of the Company to issue new shares of the Company which will rank equally to the existing issued shares of the Company, to any person without having to offer new shares to all the existing shareholders of the Company prior to issuance of new shares in the Company under the General Mandate. As at the date of this Notice of 31st AGM, the mandate that was obtained at the 30th AGM in 2023, granting the Board the authority to allot up to 10% of the total number of issued shares of the Company, has been utilised. The Company issued 120,000,000 new ordinary shares at the issue price of RM2.36 per placement share pursuant to a Private Placement exercise. Details of the total proceeds raised from the Private Placement and their utilisation are disclosed in the Integrated Annual Report 2024. If there is a decision to issue new shares after the General Mandate is sought, the Company will announce the purpose and utilisation of proceeds arising from such issuance of shares. 6. ORDINARY RESOLUTION 19 – PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY The proposed Ordinary Resolution 19, if passed, will empower the Company to purchase its own ordinary shares up to ten percent (10%) of the total number of issued shares of the Company for the time being for such purposes as the Directors of the Company consider would be in the best interest of the Company. 7. ORDINARY RESOLUTION 20 – PROPOSED DRP This resolution, if passed, will provide the shareholders of the Company with an option to reinvest in whole or in part, their cash dividend(s) declared by the Company (whether interim, final, special or any other cash dividends) in new ordinary shares in the Company. Further information on the Proposed Renewal of Share Buy-Back Authority and Proposed DRP are set out in the Circular/ Statement to Shareholders dated 31 May 2024 which are available on the Company’s website at www.yinson.com. STATEMENT ACCOMPANYING NOTICE OF ANNUAL GENERAL MEETING (Pursuant to Paragraph 8.27(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad) A. The profiles of the Directors who are standing for re-election as per Agenda item no. 5 of the Notice of the 31st AGM are stated on pages 131 to 136 of the Company’s Integrated Annual Report 2024. There are no individuals who are standing for election as director (excluding directors standing for re-election) as per Appendix 8A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. B. Details on the authority to issue and allot shares in the Company pursuant to Sections 75 and 76 of the Companies Act 2016 are set out in Explanatory Note 5 of the Notice of the 31st AGM.
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