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    N02   SG1F87001375

NSL LTD

(N02)
  Report
End-of-day quote. End-of-day quote Singapore Stock Exchange - 09/17
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

NSL : Minutes of the 61st Annual General Meeting

05/07/2021 | 08:54am EDT

PRIVATE & CONFIDENTIAL

NSL LTD.

Company Registration No: 196100107C

MINUTES OF THE 61ST ANNUAL GENERAL MEETING OF THE COMPANY HELD BY ELECTRONIC MEANS ON TUESDAY, 27 APRIL 2021 AT 2.00 P.M.

PRESENT

Prof Cham Tao Soon

-

Chairman of the Meeting

Dr Low Chin Nam

-

Executive Director

Ms Lim Su-Ling

-

Company Secretary

Ms Amelia Wong

-

Representing M&C Services Pte Ltd

IN ATTENDANCE (VIA VIDEO CONFERENCE)

Mr David Fu Kuo Chen

-

Director and authorised representative of 98

Holdings Pte Ltd

Mr John Koh Tiong Lu

-

Director

Mr Ban Song Long

-

Director

Dr Tan Tat Wai

-

Director

Mr Chia Tong Hee

-

Management

Ms Debbie Tan

-

Management

Ms Corin Fok

-

Representing M&C Services Pte Ltd

Ms Theresa Sim

-

Representing PricewaterhouseCoopers LLP

Mr Lim Teck Wee

-

Representing PricewaterhouseCoopers LLP

Ms Rina Ong

-

Representing PricewaterhouseCoopers LLP

Ms Crystal Lee

-

Representing PricewaterhouseCoopers LLP

Mr Elgin Tan

-

Representing KPMG LLP

Ms Ashlee Lim

-

Representing KPMG Advisory Services Pte Ltd

SHAREHOLDERS

-

As per attendance record maintained by the

Company

1 of 14

QUORUM

The Chairman of the Company, Prof Cham Tao

Soon, presided.

As there was a quorum present, the Chairman

opened and called the Meeting to order.

The Chairman welcomed shareholders to the

virtual AGM held via live webcast as well as live

audio channel. He informed shareholders that

alternative arrangements put in place for the AGM

were prescribed by law arising from the safe

distancing measures and restrictions brought about

by the COVID-19 pandemic.

NOTICE

The notice convening the Meeting was taken as

read.

The Chairman informed the Meeting that all

shareholders who wished to vote at this Meeting

had appointed him, the Chairman of the Meeting,

as their proxy to vote on their behalf and they had

directed their votes accordingly prior to this

Meeting.

All the proxy forms received by the Share

Registrar, M&C Services Pte Ltd via post and

email by the cut-off date had been verified by the

Scrutineers, KPMG Advisory Services Pte Ltd.

The Chairman informed the Meeting that the

Company did not receive any question from

shareholders relating to the items on the agenda of

the AGM, and continued with the formal

proceedings of the AGM.

DIRECTORS'

STATEMENT

The Chairman proposed that the Directors'

AND

THE

AUDITED

Statement and the Audited Financial Statements of

FINANCIAL STATEMENTS

the Company for the year ended 31 December

FOR THE FINANCIAL YEAR

2020 and the Auditor's Report thereon be received

ENDED

31

DECEMBER

and adopted.

2020

The Chairman put the motion to the vote. Voting

had been conducted by poll in advance and the

results of the poll on this motion were:

2 of 14

For

Against

Abstain

Number

of votes

303,962,053

2,000

0

The Chairman declared the following resolution

carried:

RESOLVED THAT the Directors' Statement and

Audited Financial Statements for the financial year

ended 31 December 2020 and the Independent

Auditor's Report thereon be and are hereby

received.

RE-ELECTION OF PROF

The Chairman commented that as this resolution

CHAM TAO SOON AS A

concerned his own re-election, he shall hand the

DIRECTOR

RETIRING

Chair over to Dr Low Chin Nam to conduct the

PURSUANT

TO ARTICLE

proceedings.

90 OF THE

COMPANY'S

CONSTITUTION

Dr Low Chin Nam proposed that Prof Cham Tao

Soon, a director retiring by rotation under article 90

of the Company's Constitution be re-elected.

Dr Low Chin Nam put the motion to the vote. Voting

had been conducted by poll in advance and the

results of the poll on this motion were:

For

Against

Abstain

Number

of votes

303,957,053

7,000

0

Dr Low Chin Nam declared the following resolution carried:

RESOLVED THAT Prof Cham Tao Soon who retires from the Board under article 90 of the Company's Constitution be and is hereby reelected as a Director of the Company.

3 of 14

RE-ELECTION OF MR BAN

The Chairman proposed that Mr Ban Song Long, a

SONG

LONG

AS A

director retiring by rotation under article 90 of the

DIRECTOR

RETIRING

Company's Constitution be re-elected.

PURSUANT

TO

ARTICLE

90 OF

THE

COMPANY'S

The Chairman put the motion to the vote. Voting

CONSTITUTION

had been conducted by poll in advance and the

results of the poll on this motion were:

For

Against

Abstain

Number

of votes

303,889,453

74,600

0

The Chairman declared the following resolution carried:

RESOLVED THAT Mr Ban Song Long who retires from the Board under article 90 of the Company's Constitution be and is hereby re-elected as a Director of the Company.

DIRECTORS' FEES

The Chairman proposed

that Directors' fees of

S$562,000 for the financial year ended 31

December 2020 be approved.

The Chairman put the motion to the vote. Voting

had been conducted by poll in advance and the

results of the poll on this motion were:

For

Against

Abstain

Number

of votes

303,947,053

7,000

10,000

The Chairman declared the following resolution carried:

RESOLVED THAT the Directors' Fees of $562,000.00 for the financial year ended 31 December 2020 be approved.

4 of 14

APPROVAL OF A FINALThe Chairman proposed that a final dividend of

DIVIDENDS$0.05 per ordinary share (exempt one-tier) for the financial year ended 31 December 2020 be paid to shareholders of the Company.

The Chairman put the motion to the vote. Voting had been conducted by poll in advance and the results of the poll on this motion were:

For

Against

Abstain

Number

of votes

303,964,053

0

0

The Chairman declared the following resolution carried:

RESOLVED THAT a final dividend of S$0.05 per ordinary share (exempt one-tier) for the financial year ended 31 December 2020 be paid to shareholders of the Company or holders of the Shares which have been issued and are fully paid- up or credited as fully paid-up as at a books closure date to be determined by the Directors.

RE-APPOINTMENTOF The Chairman proposed that

INDEPENDENT AUDITORPricewaterhouseCoopers LLP be re-appointed as Auditor of the Company and that the Directors be authorised to fix its remuneration.

The Chairman put the motion to the vote. Voting had been conducted by poll in advance and the results of the poll on this motion were:

For

Against

Abstain

Number

of votes

303,899,153

64,900

0

5 of 14

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

NSL Ltd. published this content on 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 12:53:02 UTC.


© Publicnow 2021
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