Oriental Berhad : 60th AGM Minutes

ORIENTAL HOLDINGS BERHAD

Registration No. 196301000446 (5286U)

(Incorporated in Malaysia)

Minutes of the Sixtieth Annual General Meeting ("60th AGM") of Oriental Holdings Berhad ("OHB" or "the Company") conducted through live streaming and online remote participation by using Remote Participation and Voting ("RPV") Facilities via meeting platform https://web.vote2u.my (Domain Registration Numbers with MYNIC D6A471702) on Wednesday, 15 June 2022 at 2:30 pm

Directors:	At Main Venue
	1.	Datuk Loh Kian Chong, Executive Chairman
	2.	Dato' Seri Lim Su Tong, Group Managing Director
	3.	Dato' Sri Datuk Wira Tan Hui Jing, Executive Director
	4.	Ms. Mary Geraldine Phipps, Independent Non-Executive Director ("INED")
	5.	Mr. Lee Kean Teong, INED

Via RPV facilities in Petaling Jaya, Selangor

6. Dato' Robert Wong Lum Kong, DSSA, JP, CMJA(UK), Group Managing Director

Via zoom online platform

1. Ms. Tan Kheng Hwee, Executive Director, UK
2. Mr. Mitsuharu Funase, Non-INED,Penang
3. Puan Sharifah Intan Binti S M Aidid, Non-INED, Kuala Lumpur
4. Puan Nazriah Binti Shaik Alawdin, INED, Penang

In Attendance:	1.	Ms. Ong Tze-En, Joint Company Secretary
Management	1.	Mr. Wong Tet Look, Adrian, Group Chief Financial Officer
	2.	Ms. Junie Oh Poh Lin, Group Accountant
Auditors:	1.	Ms. Lim Su Ling, Audit Engagement Partner, KPMG PLT
	2.	Mr. Ong Soon Kheng, Audit Director, KPMG PLT
Scrutineer:	1.	Ms. Khaw Mei Ching, TJH Consultancy Services Sdn. Bhd.
	2.	Ms. Low Bee Lan, TJH Consultancy Services Sdn. Bhd.
Present:	As per attendance list
By invitation:	As per attendance list

Chairman of the Meeting & Welcome Address

1. The Chairman of the Board of Directors ("Board") of the Company, Datuk Loh Kian Chong ("Datuk Chairman") chaired the Meeting and extended a very warm welcome to all stockholders, proxy holders, corporate representatives and invited guests to the 60th AGM.
2. Datuk Chairman also welcomed 2 new board members, Puan Nazriah Binti Shaik Alawdin, INED and Mr. Mitsuharu Funase, Non-INEDto their first AGM following their appointment to the Board.

MIN-AGM-20220615-ORIH03-M2201-R4

Page 1 of 12

ORIENTAL HOLDINGS BERHAD	Private & Confidential
Registration No. 196301000446 (5286U)
(Incorporated in Malaysia)
	Page 2 of 12
Minutes of 60th Annual General Meeting held on 15 June 2022 (cont'd)

Introduction

1. Datuk Chairman then continued to introduce members of the Board, the Company
   Secretary, Group Chief Financial Officer ("Group CFO") and the representative from the external auditors.
2. 1. His 4 fellow Board members at the main venue; Dato' Seri Lim Su Tong, Group Managing Director, Dato' Sri Datuk Wira Tan Hui Jing, Executive Director, Ms. Mary Geraldine Phipps, INED, Mr. Lee Kean Teong, INED together with Ms. Ong Tze-En, the Company Secretary, Mr. Wong Tet Look, Adrian ("Mr. Adrian Wong"), Group CFO and Ms. Lim Su Ling, the Audit Engagement Partner from
      KPMG PLT.
   2. 5 fellow Directors who joined this AGM remotely; Dato' Robert Wong Lum Kong, DSSA, JP, CMJA (UK), Group Managing Director and Puan Sharifah Intan Binti S M Aidid, Non-INED in Selangor whilst the Executive Director, Ms. Tan Kheng Hwee in London, UK. Puan Nazriah Binti Shaik Alawdin, INED and Mr. Mitsuharu Funase, Non-INED both in Penang.
3. Datuk Chairman informed that the Board would continue to leverage on technology to ease participation by stockholders from remote locations. Today's 60th AGM is conducted through live streaming and online remote participation by using RPV Facilities.

Administrative Announcements

1. Datuk Chairman also briefed the meeting on administrative matters. The online meeting platform was organised from web.vote2u.my which is registered with MYNIC and is recognised as a meeting venue or place for the purpose of Section 327(2) of the Companies Act 2016 ("the Act") as clarified in the FAQs on Virtual General Meetings issued by Companies Commission of Malaysia on 8 June 2021.

Call to Order and Quorum of the Meeting

1. The Constitution of the Company requires the presence of at least 2 members or proxies or corporate representatives to form a quorum. For a virtual general meeting, the quorum shall be determined by the number of members who logged-in at the start of this meeting.
2. Datuk Chairman proceeded to call the meeting to order after the Company Secretary had confirmed that there was a quorum present.

Notice of Meeting

1. Datuk Chairman informed that the Notice for the 60th AGM was announced and circulated to all stockholders, Directors and auditors on 29 April 2022. He then informed that the Notice of the 60th AGM shall be taken as read.

MIN-AGM-20220615-ORIH03-M2201-R4

ORIENTAL HOLDINGS BERHAD	Private & Confidential
Registration No. 196301000446 (5286U)
(Incorporated in Malaysia)
	Page 3 of 12
Minutes of 60th Annual General Meeting held on 15 June 2022 (cont'd)

Voting by Poll & Procedures

1. Datuk Chairman informed that there are eleven (11) Ordinary Resolutions to be tabled for approval by the stockholders. These Ordinary Resolutions would be put to vote on poll in accordance with paragraph 8.29A of the Main Market Listing Requirements of
   Bursa Malaysia Securities Berhad ("Bursa Securities") ("MMLR").
2. In accordance with Clause 86 of the Company's Constitution, Datuk Chairman exercised his rights, as Chairman of the meeting, to demand for a poll to be carried out for all eleven (11) Ordinary Resolutions.
3. He pointed out that every member present virtually at this AGM today either in person, or by proxy or by corporate representative, has the right to participate, ask question and vote on the resolutions as stated in the agenda of this meeting. Participants could pose questions via real time submission of typed texts in the query box.
4. He added that in the event the Board and management could not respond to certain questions during the meeting, response to these questions would be incorporated into the minutes of this AGM which would then be made available on the corporate website.
5. Datuk Chairman further informed that Agmo Digital Solutions Sdn. Bhd. and TJH Consultancy Services Sdn. Bhd. are appointed as Poll Administrator and Independent Scrutineer to conduct the electronic polling process and to verify the poll results respectively.
6. Datuk Chairman highlighted that the attendance at this AGM is restricted to the
   Company's stockholders, proxies and authorised representatives of corporate stockholders who have registered to participate in this meeting remotely.
7. As discussions at this AGM might be deemed confidential and only for the knowledge of the relevant parties, any visual or audio recording whilst this AGM is conducted, is strictly prohibited unless written consent has been obtained prior to this meeting.
8. Datuk Chairman stressed that the quality of the live streaming is dependent on the bandwidth, stability and connectivity of internet connection at the locations of the remote participants.
9. Datuk Chairman then proceeded to address items on the meeting agenda.

Agenda 1

1. To receive the Audited Financial Statements for the financial year ended 31 December 2021 together with the Directors' Reports and Auditors' Report thereon

1.1 Datuk Chairman informed that the Audited Financial Statements for the financial year ended 31 December 2021 ("AFS FY2021") together with Reports from the Directors and Auditors ("Statements and Reports") were circulated to stockholders, Directors and auditors earlier on 29 April 2022.

MIN-AGM-20220615-ORIH03-M2201-R4

ORIENTAL HOLDINGS BERHAD	Private & Confidential
Registration No. 196301000446 (5286U)
(Incorporated in Malaysia)
	Page 4 of 12
Minutes of 60th Annual General Meeting held on 15 June 2022 (cont'd)

1. As the formal approval of the stockholders is not required for this agenda item in accordance with Section 340(1)(a) of the Companies Act 2016, the matter is not put forward for voting.
2. Dato' Chairman then declared that the AFS of the Company and the Group for FY2021 together with the Statements and Reports were duly received and tabled to the stockholders and proceeded to the next item on the meeting agenda.

Agenda 2 - Ordinary Resolution 1

2. To declare a Final Single Tier Dividend of 10 sen per ordinary stock for the financial year ended 31 December 2021

2.1 Datuk Chairman informed that the Board had recommended a final single tier dividend of 10 sen per ordinary stock in respect of FY2021 which will be paid on 14 July 2022, if approved by stockholders. He then put the Ordinary Resolution 1 to be voted by poll.

Agenda 3 - Ordinary Resolutions 2, 3 and 4

3. To re-elect the following Directors who retire in accordance with Clause 103 of the Company's Constitution:

1. Dato' Seri Lim Su Tong
2. Dato' Sri Datuk Wira Tan Hui Jing
3. Ms. Mary Geraldine Phipps

1. Ordinary Resolutions 2, 3 and 4 concerned the re-election of 3 Directors, namely, Dato' Seri Lim Su Tong, Dato' Sri Datuk Wira Tan Hui Jing and Ms. Mary Geraldine Phipps. These three (3) Directors retired by rotation pursuant to Clause 103 of the Company's
   Constitution and being eligible, had offered themselves for re-election.
2. Datuk Chairman also informed the meeting that profiles of these Directors as well as Board's justifications and recommendations for retaining them are as set out in the Annual Report 2021 as well as in the Notice of this meeting.
3. Datuk Chairman then put the Ordinary Resolutions 2, 3 and 4 to the Meeting, separately, to be voted by poll.

Agenda 4 - Ordinary Resolutions 5 and 6

4. To re-elect the following Directors who retire in accordance with Clause 110 of the Company's Constitution:

1. Puan Nazriah Binti Shaik Alawdin
2. Mr. Mitsuharu Funase

4.1 Ordinary Resolutions 5 and 6 concerned the re-election of 2 Directors, namely, Puan Nazriah Binti Shaik Alawdin and Mr. Mitsuharu Funase. These two (2) Directors retired by rotation pursuant to Clause 110 of the Company's Constitution and being eligible, had offered themselves for re-election.

MIN-AGM-20220615-ORIH03-M2201-R4

ORIENTAL HOLDINGS BERHAD	Private & Confidential
Registration No. 196301000446 (5286U)
(Incorporated in Malaysia)
	Page 5 of 12
Minutes of 60th Annual General Meeting held on 15 June 2022 (cont'd)

1. Datuk Chairman also informed the meeting that profiles of these Directors are set out in the Annual Report 2021.
2. Datuk Chairman then put the Ordinary Resolutions 5 and 6 to the Meeting, separately, to be voted by poll.

Agenda 5 - Ordinary Resolution 7

5. To approve the Directors' Fees and Benefits up to an aggregate amount of RM2.6 million payable to the Directors for the period commencing this Annual General

Meeting ("AGM") through to the next AGM of the Company in 2023

1. Datuk Chairman informed that Ordinary Resolution 7 was to approve the Directors' Fees and Benefits up to an aggregate amount of RM2.6 million to the Directors for the period commencing this AGM through to the next AGM of the Company in 2023.
2. Datuk Chairman then put the Ordinary Resolution 7 to the Meeting to be voted by poll.

Agenda 6 - Ordinary Resolution 8

6. To re-appoint KPMG PLT as Auditors of the Company and to authorise the Directors to fix their remuneration

1. Datuk Chairman informed the meeting that the Company's Auditors, KPMG PLT, had expressed their willingness to continue in office.
2. Datuk Chairman then put the Ordinary Resolution 8 to the Meeting to be voted by poll.

Special Business

Agenda 7 - Ordinary Resolution 9

7. Proposed Renewal of stockholders' mandate for Recurrent Related Party

Transactions of a revenue or trading nature

1. Datuk Chairman explained that Ordinary Resolution 9, if passed, would allow the Company and its subsidiaries to enter into Recurrent Related Party Transactions ("RRPT") ("Proposed Mandate") in accordance with Chapter 10.09 of the Listing Requirements of the Bursa Securities. Details of the RRPT were as set out in the Circular to stockholders dated 29 April 2022.
2. He explained that approval for the Proposed Mandate on an annual basis would eliminate the need to frequently make announcements to Bursa Securities and to convene separate general meetings from time to time to seek stockholders' approval as and when potential RRPT arise, thereby reducing substantially administrative time and expense in convening such meetings.

MIN-AGM-20220615-ORIH03-M2201-R4