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.
Attachments
- Original document
- Permalink
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.