8 Temasek Boulevard #31-02
Suntec Tower Three, Singapore 038988
Tel: (65) 6334 8979 Fax: (65) 6333 5283
Co. Reg. No.: 199303293Z
1. OUTCOME OF THE 30TH ANNUAL GENERAL MEETING OF CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD HELD ON 25 APRIL 2024 ("30TH AGM")
The Board of Directors (the "Board") of China Aviation Oil (Singapore) Corporation Ltd (the "Company") wishes to announce that, pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-STListing Manual"), all resolutions set out in the Notice of Annual General Meeting of the Company dated 1 April 2024 were duly approved and passed by the shareholders of the Company at the 30th AGM, by way of poll:
The results of the poll on each of the following resolutions put to vote at the 30th AGM are set out below:
For | Against | ||||||||||||||||
Total number of shares | As a percentage of | As a percentage of | |||||||||||||||
Resolution number and details | represented by votes for | Number of | total number of | Number of | total number of | ||||||||||||
and against the relevant | votes for and | votes for and | |||||||||||||||
Shares | Shares | ||||||||||||||||
resolution | against the | against the | |||||||||||||||
resolution (%) | resolution (%) | ||||||||||||||||
Ordinary Business | |||||||||||||||||
Resolution 1 | |||||||||||||||||
Adoption of Directors' Statement | 633,900,912 | 633,830,612 | 99.99 | 70,300 | 0.01 | ||||||||||||
and Audited Financial | |||||||||||||||||
Statements and Auditors' Report | |||||||||||||||||
thereon. | |||||||||||||||||
Resolution 2 | |||||||||||||||||
Declaration of First and Final | 634,978,515 | 634,888,535 | 99.99 | 89,980 | 0.01 | ||||||||||||
(One-Tier, Tax Exempt) Dividend | |||||||||||||||||
and One-tier, Tax Exempt | |||||||||||||||||
Special Dividend | |||||||||||||||||
Total number of shares | For | Against | |||||||||||||||||
As a percentage of | As a percentage of | ||||||||||||||||||
Resolution number and details | represented by votes for | ||||||||||||||||||
Number of | total number of | Number of | total number of | ||||||||||||||||
and against the relevant | |||||||||||||||||||
Shares | votes for and | Shares | votes for and | ||||||||||||||||
resolution | |||||||||||||||||||
against the | against the | ||||||||||||||||||
resolution (%) | resolution (%) | ||||||||||||||||||
Resolution 3 | |||||||||||||||||||
Approval of Directors' Fees for | 634,453,906 | 633,870,435 | 99.91 | 583,471 | 0.09 | ||||||||||||||
the financial year ended 31 | |||||||||||||||||||
December 2023 | |||||||||||||||||||
Resolution 4 | |||||||||||||||||||
Re-election of Mr Teo Ser Luck | 634,647,813 | 618,684,018 | 97.48 | 15,963,795 | 2.52 | ||||||||||||||
as a Director pursuant to | |||||||||||||||||||
Regulation 94 of the Constitution | |||||||||||||||||||
Resolution 5 | |||||||||||||||||||
Re-election of Mr Hee Theng | 634,433,082 | 633,241,220 | 99.81 | 1,191,862 | 0.19 | ||||||||||||||
Fong as a Director pursuant to | |||||||||||||||||||
Regulation 94 of the Constitution | |||||||||||||||||||
Resolution 6 | |||||||||||||||||||
Re-election of Mr Shi Lei as a | 634,552,830 | 617,829,942 | 97.36 | 16,722,888 | 2.64 | ||||||||||||||
Director pursuant to Regulation | |||||||||||||||||||
94 of the Constitution | |||||||||||||||||||
Resolution 7 | |||||||||||||||||||
Re-election of Mr Shi Yanliang | 634,543,210 | 633,589,086 | 99.85 | 954,124 | 0.15 | ||||||||||||||
as a Director pursuant to | |||||||||||||||||||
Regulation 100 of the | |||||||||||||||||||
Constitution | |||||||||||||||||||
Special Business | |||||||||||||||||||
Resolution 8 | |||||||||||||||||||
Authority of Directors to issue | 634,471,990 | 621,153,543 | 97.90 | 13,318,447 | 2.10 | ||||||||||||||
shares pursuant to Section 161 | |||||||||||||||||||
of the Companies Act and the | |||||||||||||||||||
SGX-ST Listing Manual | |||||||||||||||||||
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For | Against | |||||||||||||||||
Total number of shares | ||||||||||||||||||
As a percentage of | As a percentage of | |||||||||||||||||
Resolution number and details | represented by votes | |||||||||||||||||
total number of | total number of | |||||||||||||||||
for and against the | Number of Shares | Number of Shares | ||||||||||||||||
votes for and | votes for and | |||||||||||||||||
relevant resolution | ||||||||||||||||||
against the | against the | |||||||||||||||||
resolution (%) | resolution (%) | |||||||||||||||||
Resolution 9 | ||||||||||||||||||
Renewal of General Mandate for | 19,796,274 | 19,425,098 | 98.13 | 371,176 | 1.87 | |||||||||||||
Interested Person Transactions | ||||||||||||||||||
Resolution 10 | ||||||||||||||||||
Renewal of Share Purchase | 634,318,416 | 633,455,916 | 99.86 | 862,500 | 0.14 | |||||||||||||
Mandate | ||||||||||||||||||
Resolution 11 | ||||||||||||||||||
Change of Auditors of the | 633,698,028 | 633,442,960 | 99.96 | 255,068 | 0.04 | |||||||||||||
Company from Deloitte & | ||||||||||||||||||
Touche LLP to BDO LLP | ||||||||||||||||||
2. Details of shareholders required to abstain from voting on any resolution(s):
Name of Shareholder | Number of shares held | Resolution number(s) | ||
(Please refer to item (1) above for details of the | ||||
resolution (s)) | ||||
China National Aviation Fuel Group Limited | 441,332,912 | 9 | ||
BP Investments Asia Limited | 173,476,942 | 9 | ||
Save as aforesaid, there were no restrictions on any shareholders casting votes on any of the proposed resolutions at the 30th AGM.
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- Re-appointmentof Directors to the Audit Committee
- Mr Teo Ser Luck who was re-elected as a Director of the Company at the 30th AGM, will remain as Chairman of the Audit Committee. He is considered a Non-Executive, Independent Director of the Company.
- Mr Hee Theng Fong who was re-elected as a Director of the Company at the 30th AGM, will remain as a member of the Audit Committee. He is considered a Non-Executive, Independent Director of the Company.
- Name of Appointed Scrutineer
Reliance 3P Advisory Pte Ltd was appointed as the scrutineer for the purpose of the poll taken at the 30th AGM.
By Order of the Board
Doreen Nah
Company Secretary
Singapore, 25 April 2024
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China Aviation Oil (Singapore) Corp. Ltd. published this content on 26 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2024 14:36:13 UTC.