General Meetings: Outcome of Meeting

Type of Meeting

Annual General Meeting

Indicator

Outcome of Meeting

Date of Meeting

02 Jun 2016

Time

02:30:00 PM

Venue

Concorde Hotel Shah Alam, Concorde II, Level 2, No. 3, Jalan Tengku Ampuan Zabedah C9/C, 40100 Shah Alam, Selangor Darul Ehsan

Outcome of Meeting

FAVELLE FAVCO BERHAD ("FFB" or "the Company") The Board of Directors of FFB wishes to announce that all the following resolutions tabled at the Twenty-Fourth Annual General Meeting of the Company held on 2 June 2016, were decided on show of hands and were duly carried:-

RESOLUTION 1 - ORDINARY Declaration of a First and Final tax exempt dividend of 30% (15 sen) per ordinary share of RM0.50 each in respect of the financial year ended 31 December 2015.

RESOLUTION 2 - ORDINARY Re-election of Tan Sri A. Razak bin Ramli as Director of the Company.

RESOLUTION 3 - ORDINARY Re-election of Mr. Sobri bin Abu as Director of the Company.

RESOLUTION 4 - ORDINARY Re-appointment of Mr. Lim Teik Hin as Director of the Company.

RESOLUTION 5 - ORDINARY Re-appointment of Mr. Mac Ngan Boon @ Mac Yin Boon as Director of the Company.

RESOLUTION 6 - ORDINARY Re-appointment of Tan Sri Dato' Seri Ahmad Ramli bin Haji Mohd Nor as Director of the Company.

RESOLUTION 7 - ORDINARY Re-appointment of Messrs Crowe Horwath as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration.

RESOLUTION 8 - ORDINARY Retention of Tan Sri A. Razak bin Ramli as Independent Non-Executive Director of the Company.

RESOLUTION 9 - ORDINARY Retention of Tan Sri Dato' Seri Ahmad Ramli bin Haji Mohd Nor as Independent Non-Executive Director of the Company.

RESOLUTION 10 - ORDINARY Proposed Renewal of Authority for Share Buy-Back.

RESOLUTION 11 - ORDINARY Proposed Renewal of the Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.

This announcement is dated 2 June 2016.