The Board of Directors of M3Tech wishes to inform that M3Tech intends to seek its shareholders’ approval on the following proposals at the forthcoming Nineteenth Annual General Meeting (19th AGM") of the Company:-
(a) Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue and/or Trading Nature ("Proposed Renewal of Shareholders’ Mandate").
(b) Proposed Amendments to the Constitution of the Company (“Proposed Amendments”); and
The Proposed Amendments are made mainly for the following purposes:-
- To ensure compliance with the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad; and
- To provide clarity and consistency with the amendments that arise from the Companies Act 2016 and other relevant regulatory provisions.
A Circular to Shareholders containing the details of the Proposed Renewal of Shareholders’ Mandate and the Proposed Amendments will be despatched to shareholders together with the Annual Report 2018 of the Company in due course.
This announcement is dated 22 April 2019.