RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING ("AGM")
Pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), the Board of Directors (the "Board") of Best World International Limited (the "Company") is pleased to announce that all the resolutions as set out in the Notice of AGM dated 8 July 2022 and put to the meeting as ordinary business and special business were passed on poll vote via proxy voting at the AGM held by way of electronic means on 25 July 2022.
A. POLL RESULTS
The breakdown of all valid votes cast at the AGM are set out below:
For
Against
Total number
As a
As a
percentage
percentage
of shares
of total
of total
Resolution number and
represented
number of
number of
by votes for
Number of
Number of
details
votes for
votes for
and against
shares
shares
and against
and
the relevant
the
against the
resolution
resolution
resolution
(%)
(%)
Resolution 1: To receive and
adopt the
Audited
Financial
Statements
of the
Company
340,929,677
338,693,947
99.34%
2,235,730
0.66%
for the financial year ended 31
December 2021, the Directors'
Statement and the Auditors'
Report thereon.
Resolution 2: To approve
Directors' fees of
S$242,000
340,990,715
340,984,815
100.00%
5,900
0.00%
for the financial year ended 31
December 2021.
Resolution 3: To re-elect of
Doreen Tan Nee
Moi
as a
309,839,715
307,603,714
99.28%
2,236,001
0.72%
Director
(Retiring
under
Regulation 93).
Resolution 4: To re-elect
Chester Fong Po
Wai
as a
341,219,715
326,968,471
95.82%
14,251,244
4.18%
Director
(Retiring
under
Regulation
93).
Resolution 5: To re-appoint
Nexia TS Public
Accounting
Corporation
as
Company's
341,198,215
339,983,460
99.64%
1,214,755
0.36%
Auditors and to authorise the
Directors
to
fix
their
remuneration.
1
B. DETAILS OF PERSON(S) REQUIRED TO ABSTAIN FROM VOTING ON ANY RESOLUTIONS
For
Against
Total number
As a
As a
of shares
percentage
percentage
represented
of total
of total
Resolution number and details
by votes for
Number of
number of
Number of
number of
and against
shares
votes for and
shares
votes for and
the relevant
against the
against the
resolution
resolution
resolution
(%)
(%)
Resolution 6: To authorize the
Directors to issue Shares
341,219,715
331,025,790
97.01%
10,193,925
2.99%
pursuant to the Share Issue
Mandate.
Resolution 7: To approve the
84,148,242
83,877,898
99.68%
270,344
0.32%
Proposed Renewal of the Share
Buyback Mandate.
Lee Sen Choon has a direct interest of 207,500 shares and has abstained from voting on Resolution 2.
Dr. Doreen Tan Nee Moi has a direct interest of 31,380,000 shares and has abstained from voting on Resolution 3.
Dr. Dora Hoan Beng Mui and Dr. Doreen Tan Nee Moi, and their respective concert parties, including D2 Investment Pte. Ltd., Ms. Li Lihui and Ms. Pek Jia Rong, have abstained from voting on Resolution 7.
Resolution 7
Name
Number of Shares
Dr. Dora Hoan Beng Mui
32,330,000
To approve the Proposed
Dr. Doreen Tan Nee Moi
31,380,000
Renewal of the Share
D2 Investment Pte. Ltd.
192,787,500
Buyback Mandate
Ms. Li Lihui
250,000
Ms. Pek Jia Rong
250,000
SCRUTINEER
Tricor Evatthouse Corporate Services was appointed as Scrutineer for the AGM.
AUDIT COMMITTEE
Chester Fong Po Wai, who was re-elected as a Director of the Company at the AGM, remains as a member of the Audit Committee. The Board considers Chester Fong Po Wai to be independent for the purpose of Rule 704(8) of the Listing Manual of the SGX-ST.
BY ORDER OF THE BOARD
Huang Ban Chin
Director and Chief Operating Officer
25 July 2022
2
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Best World International Limited published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 11:43:05 UTC.
Best World International Limited is an investment holding company. The Company is focused on the distribution of nutritional supplement products, personal care products and healthcare equipment. Its segment includes Direct Selling, Franchise and Others. The Direct Selling segment mainly comprises direct selling, both online and offline, for the markets of Singapore, Malaysia, Indonesia, Thailand, Taiwan, Hong Kong, Vietnam, Philippines, Korea, Australia, New Zealand, United States, Canada, Brunei and United Arab Emirates. The Franchise segment comprises sales to independent third parties who are permitted to establish and operate BWL Lifestyle Centres in the Peopleâs Republic of China and distribute the products. The Others segment comprises sales to customers at export retail price through retailers in the Myanmar and the Manufacturing/Wholesale segment comprises sales of health supplements manufactured by its Hangzhou factory to wholesalers all over the Peopleâs Republic of China.