24 July 2020
ASX ANNOUCEMENT
RESULTS OF 2020 ANNUAL GENERAL MEETING
The company wishes to advise pursuant to Listing Rule 3.13.2 that all resolutions presented at the 2020 Annual General Meeting of shareholders held today have been passed on a show of hands.
In accordance with section 251AA of the Corporations Act 2001, details of valid proxy votes received for each resolution are as follows:
Resolution | Votes in | Votes | Abstentions | Total of | |
Favour | Against | Proxy Votes | |||
1. | Approval of | 8,530,469 | 27,370 | 4,200 | 8,562,039 |
Remuneration report | |||||
2. | Re-election of Mr | 135,366,821 | 16,650 | 4,200 | 135,387,671 |
Mingming Zhang as a | |||||
director | |||||
Resolution 3 Spill Resolution was not put to the meeting as more than 25% votes are in favour for Resolution 1.
For Further information please contact:
Xianfeng Lu
Executive Chairman
Kresta Holdings Limited
T: 08 9249 0777
2020
1
2020
Disclaimer
- The purpose of this presentation is to provide general information about Kresta Holdings Limited (Company). It is not recommended that any person makes any investment decision in relation to the Company based solely on this presentation. This presentation does not contain all information which would be material to the making of a decision in relation to the Company. Any investor should make its own independent assessment and determination as to the Company's prospects prior to making any investment decision, and should not rely on the information in this presentation for that purpose.
- This presentation does not involve or imply a recommendation or a statement of opinion in respect of whether to buy, sell or hold securities in the Company.
- This presentation contains certain statements which may constitute "forward‐looking statements". Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward‐looking statements. No representation or warranty, express or implied, is made by the Company that the matters stated in this presentation will be achieved or prove to be correct.
- Except for statutory liability which cannot be excluded, the Company, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in this presentation and exclude all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information.
2
2020
Welcome to the 2020 Annual General meeting of Kresta Holdings Limited
The Directors
Mr Xianfeng Lu, Managing Director & Chairman
Mr Mingming Chang, Director
Ms Li Ding, Director
Mr Xueqiang Liu, Director
Company Secretary
Mrs Tao Li, Company Secretary
Auditors
Mr Chris Nicoloff, Managing Partner, Bentleys
3
2020
Agenda
Registration of Members and guests
Welcome
2019 Annual Report
Chairman's address and Presentation
Voting on Resolutions
Close of meeting
4
2020
Chairmans'Address
An Address to the meeting
5
2020
Our Company
Kresta Holdings Limited one of the largest manufacturer and
retailer of window coverings in Australia
Changes in the last 12 month
6
2020
2019 Annual Report
An Address to the meeting by Tao Li
7
2020
December Summary Results
Revenue of 44 million, increase of 5% from prior year
Post‐tax profit from continuing operations of $1.5 million
Net loss after tax was $7,541,000, prior year $18,376,000
Group recorded cash inflow from operations of $2.10 million, prior year $827,000
8
2020
Voting and Resolutions
9
2020
Resolution 1
Adoption of Remuneration Report
To consider and, if thought fit, to pass the following as an ordinary resolution:
"That, the Remuneration report for the year ended 31 December 2019 as set out in the December 2019 Annual Report be approved and adopted"
Voting exclusion Statement
Votes must not be cast, and the Company will disregard any vote cast on Resolution 1 by, or on behalf of:
- A member of the Company's Key Management Personnel
- A Closely Related Party of those persons
10
2020
Proxy Votes - Resolution 1
The proxies received for this resolution are as follows:
For: | 8,530,469 | 99.63% |
Against: | 27,370 | 0.32% |
Open - Usable: | 0 | 0% |
Abstaining: | 4,200 | 0.05% |
11
2020
Resolution 2
Re-election of Mr Mingming Zhang as a
Director
To consider and, if thought fit, to pass the following as an ordinary resolution:
"That, Mr Mingming Zhang, who retires as a Director in accordance with clause 3.3 of the Constitution, and being eligible, offers himself for re-election, be re-elected as a Director"
12
2020
Proxy Votes - Resolution 2
The proxies received for this resolution are as follows:
For: | 135,366,821 | 99.98% |
Against: | 16,650 | 0.01% |
Open - Usable: | 0% |
Abstaining: | 4,200 | 0.01% |
13
2020
Proxy Votes - Resolution 3
will not to put to the meeting as more than 25% votes are for resolution 1
14
2020
Closure of Meeting
Thank you for your attendance
15
Attachments
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Disclaimer
Kresta Holdings Limited published this content on 24 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2020 05:55:18 UTC