Teckwah Industrial : Minutes of the 2020 Annual General Meeting Held by Electronic Means for FY2019

Issuer & Securities

Issuer/ Manager

TECKWAH INDUSTRIAL CORPORATION LTD

Security

TECKWAH INDUSTRIAL CORP LTD - SG0561000464 - 561

Announcement Details

Announcement Title

Annual General Meeting

Date &Time of Broadcast 02-Jul-2020 18:15:23

Status

Replacement

Announcement Reference

SG200527MEETLSR1

Submitted By (Co./ Ind. Name)

REPL::ANNUAL GENERAL MEETING::VOLUNTARY Lo Swee Oi

Designation

Company Secretary

Financial Year End 31/12/2019

Event NarrativeEvent Dates

Meeting Date and Time 18/06/2020 10:00:00

Response Deadline Date 15/06/2020 10:00:00

Event Venue(s)

Place

Venue(s)Venue details

Meeting Venue

The AGM will be held by electronic means on Thursday, 18 June 2020 at 10.00 a.m. (Singapore Time) . Shareholders will not be able to attend the AGM in person.

Attachments

Teckwah%20AGM%20Min%2018Jun20%20�nal.pdf

Total size =284K MB

Related Announcements

Related Announcements

30/06/2020 18:00:04 18/06/2020 17:36:33 17/06/2020 07:44:06 27/05/2020 07:40:58

TECKWAH INDUSTRIAL CORPORATION LTD

Company Registration Number: 197201105E

(Incorporated in the Republic of Singapore)

(the "Company" or "Teckwah")

MINUTES OF ANNUAL GENERAL MEETING ("AGM") OF THE COMPANY HELD BY WAY OF ELECTRONIC MEANS ON THURSDAY, 18 JUNE 2020 AT 10.00 A.M.

• 1 CHAIRMAN AND QUORUM

• 1.1 As a quorum was present, Mr Thomas Chua Kee Seng, Chairman of the Board, took the chair and called the meeting to order at 10.00 a.m. The Chairman extended a warm welcome to the shareholders who had joined the AGM by live webcast or live audio-only means. Shareholders who have attended via live webcast or audio conference are set out in the attendance records maintained by the Company.

• 1.2 The Chairman introduced his fellow Board members who were present in person. As part of the COVID-19 Safe Management Measures, only two Directors were with the Chairman in the meeting room namely, Mr Peter Chan Pee Teck - Lead Independent Director, and Mr John Lim Hwee Chiang - Independent Director. The rest of the board members were attending in other meeting rooms and they were Ms Mai Ah Ngo - Executive Director, Mr Ng Nai Ping - Executive Director, Mr Lim Lee Meng - Independent Director and Mr Gerard Tan Wee Seng - Independent Director.

• 1.3 The Chairman also took the opportunity to thank all fellow Directors and the employees at Teckwah for their hard work over the past year.

• 2 QUESTIONS AND ANSWERS

• 2.1 The Board of Directors and Management had addressed all substantial and relevant questions received from shareholders prior to the AGM by publishing the responses to questions on the Company's website and on SGXNet on 17 June 2020.

• 3 VOTING MANNER AND NOTICE

• 3.1 In accordance with the guidelines given by the SGX on 13 April 2020 and pursuant to the COVID-19 (Temporary Measures) Act 2020 and related Order on the conduct of general meetings, the Chairman was appointed as proxy for a number of shareholders and had voted in accordance with the instructions of these shareholders.

• 3.2 All votes on the resolutions tabled at the AGM were conducted by poll in accordance with the Company's Constitution and the Listing Rules. In accordance with the Temporary Measures, the poll votes had been collected in advance and the results were presented at the AGM.

• 3.3 Tricor Evatthouse Corporate Services and Entrust Advisory Pte. Ltd. were appointed as Polling Agent and Scrutineer respectively for purposes of the poll. They had verified the validity of the proxy forms submitted by the deadline and tabulated the submitted votes.

• 3.4 As the Notice of AGM dated 27 May 2020 had been published on SGXnet, the Company's website and in the newspapers, it was taken as read.

Hotel Properties Limited

Page 2

Minutes of Annual General Meeting held on 18 June 2020

• 4 ORDINARY RESOLUTIONS

  RESOLUTION 1: Adoption of Directors' Statement and Audited Financial Statements

• 4.1 The Chairman informed the Meeting that Resolution 1 is to receive and adopt the Directors' Statement and Audited Financial Statements of the Company for the year ended 31 December 2019 and the Auditor's Report thereon.

  The Chairman announced the results of the votes received for Resolution 1 as follows:

  Number of Votes "For" is 161,940,716 (100.00%)

  Number of Votes "Against" is 0 (0.00%)

  The Chairman declared Resolution 1 carried.

  IT WAS RESOLVED that the Directors' Statement and Audited Financial Statements of the Company for the year ended 31 December 2019 and the Auditors' Report thereon be hereby received and adopted.

  RESOLUTION 2: Declaration of Dividends

• 4.2 The Chairman informed the Meeting that Resolution 2 is to approve a Final One-Tier Tax-Exempt Dividend of 1.0 cent per ordinary share for the year ended 31 December 2019 be paid to shareholders.

  The Chairman announced the results of the votes received for Resolution 2 as follows:

  Number of Votes "For" is 161,940,716 (100.00%)

  Number of Votes "Against" is 0 (0.00%)

  The Chairman declared Resolution 2 carried.

  IT WAS RESOLVED that the Final One-Tier Tax-Exempt Dividend of 1.0 Singapore cents per Ordinary Share for the year ended 31 December 2019 and that such dividend be paid on 3 July 2020 to the shareholders registered with the Company at the close of business on 26 June 2020 at 5.00 p.m.

  RESOLUTION 3: Re-election of Ms Mai Ah Ngo as Director

• 4.3 The Chairman informed the Meeting that Resolution 3 relates to the re-election of Ms Mai Ah Ngo as a Director of the Company in accordance with Regulation 89 of the Company's Constitution.

  The Chairman announced the results of the votes received for Resolution 3 as follows:

  Number of Votes "For" is 147,719,216 (91.22%)

  Number of Votes "Against" is 14,221,500 (8.78%)

  The Chairman declared Resolution 3 carried.

Hotel Properties Limited

Page 3

Minutes of Annual General Meeting held on 18 June 2020

IT WAS RESOLVED that Ms Mai Ah Ngo who retires in accordance with Regulation 89 of the Company's Constitution, be and she is hereby re-elected as Director of the Company.

RESOLUTION 4: Re-election of Mr Peter Chan Pee Teck as Director

• 4.4 The Chairman informed the Meeting that Resolution 4 relates to the re-election of Mr Peter Chan Pee Teck as a Director of the Company in accordance with Regulation 89 of the Company's Constitution.

  The Chairman announced the results of the votes received for Resolution 4 as follows:

  Number of Votes "For" is 146,475,016 (90.45%)

  Number of Votes "Against" is 15,465,700 (9.55%)

  The Chairman declared Resolution 4 carried.

  IT WAS RESOLVED that Mr Peter Chan Pee Teck who retires in accordance with Regulation 89 of the Company's Constitution, be and he is hereby re-elected as Director of the Company.

  RESOLUTION 5: Re-election of Mr John Lim Hwee Chiang as Director

• 4.5 The Chairman informed the Meeting that Resolution 5 relates to the re-election of Mr John Lim Hwee Chiang as a Director of the Company in accordance with Regulation 89 of the Company's Constitution.

  The Chairman announced the results of the votes received for Resolution 5 as follows:

  Number of Votes "For" is 146,475,016 (90.45%)

  Number of Votes "Against" is 15,465,700 (9.55%)

  The Chairman declared Resolution 5 carried.

  IT WAS RESOLVED that Mr John Lim Hwee Chiang who retires in accordance with Regulation 89 of the Company's Constitution, be and he is hereby re-elected as Director of the Company.

  RESOLUTION 6: Re-Appointment of Auditors

• 4.6 The Chairman informed the Meeting that Resolution 6 relates to the re-appointment of Deloitte & Touche LLP as Auditors of the Company to hold office until the conclusion of the next Annual General Meeting, at a remuneration to be agreed between the Directors and the Auditors.

  The Chairman announced the results of the votes received for Resolution 6 as follows: