Ninth Annual General Meeting

HUP SENG INDUSTRIES BERHAD

TypeAnnouncement
SubjectNinth Annual General Meeting

Contents :

HUP SENG INDUSTRIES BERHAD

NINTH ANNUAL GENERAL MEETING

On behalf of the Board of Directors of Hup Seng Industries Berhad, we are pleased to announce that at the Ninth Annual General Meeting of the Company held today, all resolutions were approved, including the re-election of the following Directors pursuant to Article 76 and 83 respectively of the Company’s Articles of Association:-

a) Ke (Kek) Kim Soon @ Kerk Choo Soon;
b) Wee Hoe Soon @ Gooi Hoe Soon;
c) Mazrina Binti Arifin;
d) Teo Lee Teck;
e) Norita Binti Ja’afar; and
f) Raja Khairul Anuar Bin Raja Mokhtar

The Board of Hup Seng Industries Berhad presently comprises the following Directors:

1) Kuo Choo Soon (Executive Chairman)
2) Ke (Kek) Kim Soon @ Kerk Choo Soon (Executive Vice Chairman)
3) Keh (Kerk) Chu Koh (Managing Director)
4) Kerk Chiew Siong ( Executive Director)
5) Kerk Chian Tung (Executive Director)
6) Teo Lee Teck
7) Norita Binti Ja’afar
8) Wee Hoe Soon @ Gooi Hoe Soon
9) Mazrina Binti Arifin
10) Raja Khairul Anuar Bin Raja Mokhtar

The following Audit Committee members are as follows:

1) Wee Hoe Soon @ Gooi Hoe Soon (Chairman - Independent Non-Executive Director)
2) Mazrina Binti Arifin (Independent Non-Executive Director)
3) Keh (Kerk) Chu Koh (Managing Director)

Also unanimously approved were the resolutions under Special Business:-

Ordinary Resolution
Authority To Allot Shares
THAT subject to Companies Act, 1965, Articles of Association of the Company and approvals from Kuala Lumpur Stock Exchange and other governmental or regulatory bodies where such approval is necessary, full authority be and is hereby given to the Directors pursuant to Section 132D of Companies Act, 1965 to issue shares in the capital of the Company at any time until the conclusion of the next Annual General Meeting and upon such terms and conditions and for such purchases as the Directors may their discretion, deemed fit provided always that the aggregate number of shares to be issued pursuant to this resolution, does not exceed 10 % of the issued share capital of the Company for the time being.”



Ordinary Resolution
Authority To Deal With Substantial Property Transactions Involving Directors

THAT in accordance with Section 132E of the Companies Act, 1965, authority be and is hereby given to the Company or its related corporations to enter into arrangements or transactions with the Directors of the Company or any person connected with such Directors (within the meaning of Section 122A, Companies Act, 1965) whereby the Company or its related corporations may acquire from or dispose to such Directors or connected persons non-cash assets including but not limited to capital equipment and related machineries and/or any other assets or products of the Company or its related corporations provided that such acquisitions or disposals are on commercial terms and in the ordinary course of business, such authority will continue to be in force until the conclusion of the next Annual General Meeting and THAT for the avoidance of doubt, any such transactions entered into by the Company or its subsidiaries with the Directors or connected persons prior to the date of this resolution be and are hereby approved and ratified.”



    Announcement Info

    Company NameHUP SENG INDUSTRIES BERHAD  
    Stock Name HUPSENG    
    Date Announced16 May 2001  
    CategoryGeneral Announcement
    Reference NoHS-010516-FA77A