General Meetings: Outcome of Meeting

June 12, 2024

Company Name	:	FAVELLE FAVCO BERHAD
Stock Name	:	FAVCO
Date Announced	:	12 Jun 2024
Category	:	General Meeting
Reference Number	:	GMA-11062024-00019
Corporate Action ID	:	MY240611MEET0018

Type of Meeting	General
Indicator	Outcome of Meeting
Date of Meeting	12 Jun 2024
Time	11:00 AM

Venue(s)

TIIH Online website at https://tiih.online as provided by Tricor Investor & Issuing House Services Sdn Bhd Malaysia

Outcome of Meeting

On behalf of the Board of Directors of Favelle Favco Berhad ("FFB"), we are pleased to announce that the shareholders of FFB had approved all the resolutions referred to in the Notice of Thirty-Second Annual General Meeting ("32nd AGM") dated 26 April 2024 at the 32nd AGM of FFB held on 12 June 2024. All the resolutions were determined by way of poll and the results of the poll were validated by Coopers Professional Scrutineers Sdn Bhd, the Independent Scrutineer appointed by the Company. This announcement is dated 12 June 2024.

Voting Results

1. Ordinary Resolution 1

Description	To approve the declaration of a first and final tax-exempt dividend of 9.0 sen per ordinary share in respect of the financial year ended 31 December 2023.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	388	36
No. of Shares	173,605,964	7,591
% of Voted Shares	99.9956	0.0044
Result	Accepted

2. Ordinary Resolution 2

Description	To re-elect Mr. Mac Ngan Boon @ Mac Yin Boon as Director of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	366	55
No. of Shares	162,708,746	71,896
% of Voted Shares	99.9558	0.0442
Result	Accepted

3. Ordinary Resolution 3

Description	To re-elect Ms. Lee Poh Kwee as Director of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	365	57
No. of Shares	170,626,534	72,021
% of Voted Shares	99.9578	0.0422
Result	Accepted

4. Ordinary Resolution 4

Description	To approve the payment of Directors' fees and benefits payable up to an amount of RM1,000,000.00 from 13 June 2024 until the next Annual General Meeting of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	337	82
No. of Shares	173,543,550	64,805
% of Voted Shares	99.9627	0.0373
Result	Accepted

5. Ordinary Resolution 5

Description	To re-appoint Messrs Crowe Malaysia PLT as the Company's Auditors for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	374	48
No. of Shares	173,598,379	14,076
% of Voted Shares	99.9919	0.0081
Result	Accepted

6. Ordinary Resolution 6 (First Tier)

Description	Authority for Encik Sobri Bin Abu to continue in office as an Independent Director of the Company..
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	1	0
No. of Shares	139,265,343	0
% of Voted Shares	100.0000	0.0000
Result	Accepted

7. Ordinary Resolution 6 (Second Tier)

Description	Authority for Encik Sobri Bin Abu to continue in office as an Independent Director of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	361	61
No. of Shares	34,239,145	108,967
% of Voted Shares	99.6828	0.3172
Result	Accepted

8. Ordinary Resolution 7

Description	To approve the Proposed Renewal of Authority for Share Buy-Back.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	378	46
No. of Shares	173,508,755	104,800
% of Voted Shares	99.9396	0.0604
Result	Accepted

9. Ordinary Resolution 8

Description	To approve the Proposed Renewal of the Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	358	52
No. of Shares	15,250,642	224,257
% of Voted Shares	98.5508	1.4492
Result	Accepted