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    CGN   SG1DG3000004

BEST WORLD INTERNATIONAL LIMITED

(CGN)
  Report
Delayed Singapore Stock Exchange  -  03:13 2019-05-09 am EDT
1.360 SGD   -16.05%
08/11Best World International Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
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07/25Replace - Annual General Meeting : : Voluntary
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07/11Best World International to Submit Resumption Proposal to Singapore Exchange Regulation
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Replace - Annual General Meeting :: Voluntary

07/25/2022 | 07:44am EDT

BEST WORLD INTERNATIONAL LIMITED

Company Registration No. 199006030Z

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.

  1. Lee Sen Choon has a direct interest of 207,500 shares and has abstained from voting on Resolution 2.
  2. Dr. Doreen Tan Nee Moi has a direct interest of 31,380,000 shares and has abstained from voting on Resolution 3.
  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

  1. SCRUTINEER
    Tricor Evatthouse Corporate Services was appointed as Scrutineer for the AGM.
  2. 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

Disclaimer

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.


© Publicnow 2022
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Financials
Sales 2021 580 M 404 M 404 M
Net income 2021 154 M 107 M 107 M
Net cash 2021 475 M 331 M 331 M
P/E ratio 2021 4,81x
Yield 2021 -
Capitalization 740 M 549 M 516 M
EV / Sales 2020 0,74x
EV / Sales 2021 0,46x
Nbr of Employees -
Free-Float 31,9%
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