General Announcement::Minutes of Annual General Meeting held on 28 October 2021

	HAI LECK HOLDINGS LIMITED
(Company Registration No. 199804461D)
	(Incorporated in Singapore)
		(the "Company")
MINUTES OF ANNUAL GENERAL MEETING
PLACE	: By way of electronic means
DATE	: Thursday, 28 October 2021
TIME	:	10.00 a.m.
CHAIRMAN	: Mr Cheng Buck Poh @ Chng Bok Poh
CHAIRMAN OF THE MEETING	:	Ms Christina Chow Poh Lin

QUORUM

There being a quorum present, Mr Cheng Buck Poh @ Chng Bok Poh, the Executive Chairman and Chief Executive Officer, declared the Annual General Meeting (the "Meeting" or "AGM") to order at 10.00 a.m.

In accordance with COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 issued by the Ministry of Law, the shareholders and Directors had attended the Meeting via webcast and voted through appointing the Chairman as proxy.

NOTICE

All pertinent information relating to the proposed Resolutions were set out in the Notice of this Meeting dated 13 October 2021 together with the Annual Report for the financial year ended 30 June 2021 which had been circulated to the shareholders. The Notice convening the Meeting was taken as read.

The Chairman invited Ms Christina Chow Poh Lin ("Ms Chow"), the Executive Director of the Company, to conduct the Meeting on his behalf. Ms Chow proceeded to introduce the members of the Board, Company Secretary, External Auditors, Share Registrar and Scrutineer who were present at the Meeting through webcast to the shareholders.

Ms Chow thanked those shareholders who had submitted their votes to appoint herself as proxy to vote on their behalf. All the proxy forms submitted at least 72 hours before the Meeting had been checked, counted and verified by the polling agent and scrutineer and found to be in order.

QUESTION AND ANSWER

The Company had received a question from shareholder, asking about the loans provided by the Company to the subsidiaries.

Ms Chow responded that these loans were provided to certain Singapore subsidiaries. They had been classified as part of the Company's investments in these subsidiaries since the financial year ended 30 June 2019, although the loans may have been given in earlier years. The loans were given primarily to fund the subsidiaries' capital acquisitions and for working capital purposes. As an intra-group transaction, the loans and any impairment thereof had no impact on the Group's financial position and results.

HAI LECK HOLDINGS LIMITED

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Minutes of Annual General Meeting held on 28 October 2021 (Thursday)

ORDINARY BUSINESS

1. ADOPTION OF DIRECTORS' STATEMENT AND THE AUDITED FINANCIAL STATEMENTS - RESOLUTION 1

The Meeting proceeded to receive and adopt the Directors' Statement and the Audited Financial Statements for the financial year ended 30 June 2021 together with the Auditors' Report.

The motion had been duly voted by the members through the submission of the proxy forms to the Company.

The result of the poll was as follows:

	Number of Shares	Percentage (%)
For	192,750,800	100.00
Against	0	0.00
Total number of shares represented by votes	192,750,800	100.00
for and against the resolution

Based on the above result, Ms Chow declared the motion carried and it was RESOLVED:

"That the Directors' Statement and the Audited Financial Statements for the financial year ended 30 June 2021 together with the Auditors' Report, be received and adopted."

2. DECLARATION OF FINAL AND SPECIAL DIVIDENDS (TAX EXEMPT ONE-TIER) - RESOLUTION 2

The Board of Directors had recommended the payment of final dividend (tax exempt one-tier) of 2 Singapore cents per ordinary share and special dividend (tax exempt one-tier) of 4 Singapore cents per ordinary share for the financial year ended 30 June 2021. These dividends, if approved, would be paid to shareholders on 15 November 2021.

The motion had been duly voted by the members through the submission of the proxy forms to the Company.

The result of the poll was as follows:

	Number of Shares	Percentage (%)
For	192,750,800	100.00
Against	0	0.00
Total number of shares represented by votes	192,750,800	100.00
for and against the resolution

Based on the above result, Ms Chow declared the motion carried and it was RESOLVED:

"That the payment of final dividend (tax exempt one-tier) of 2 Singapore cents per ordinary share and special dividend (tax exempt one-tier) of 4 Singapore cents per ordinary share for financial year ended 30 June 2021 be and is hereby approved."

HAI LECK HOLDINGS LIMITED

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Minutes of Annual General Meeting held on 28 October 2021 (Thursday)

3. RE-ELECTION OF DIRECTOR - RESOLUTION 3

Mr Lim Hui Kwan ("Mr Lim"), who was retiring as a Director of the Company under Regulation 92 of the Constitution of the Company, had signified his consent to continue in office.

The motion had been duly voted by the members through the submission of the proxy forms to the Company.

The result of the poll was as follows:

	Number of Shares	Percentage (%)
For	192,750,800	100.00
Against	0	0.00
Total number of shares represented by votes	192,750,800	100.00
for and against the resolution

Based on the above result, Ms Chow declared the motion carried and it was RESOLVED:

"That Mr Lim, who retired from the office in accordance with the Regulation 92 of the Constitution of the Company and being eligible, had offered himself for re-election, be re-elected as a Director of the Company."

Mr Lim will, upon re-election as a Director of the Company, remain as Independent Director of the Company, Chairman of the Remuneration Committee and a member of the Nominating Committee and Audit Committee and would be considered independent pursuant to Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST").

4. RE-ELECTION OF DIRECTOR - RESOLUTION 4

Ms Cheng Wee Ling ("Ms Cheng"), who was retiring as a Director of the Company under Regulation 92 of the Constitution of the Company, had signified her consent to continue in office.

The motion had been duly voted by the members through the submission of the proxy forms to the Company.

The result of the poll was as follows:

	Number of Shares	Percentage (%)
For	192,750,800	100.00
Against	0	0.00
Total number of shares represented by votes	192,750,800	100.00
for and against the resolution

Based on the above result, Ms Chow declared the motion carried and it was RESOLVED:

"That Ms Cheng, who retired from office in accordance with Regulation 92 of the Constitution of the Company and being eligible, had offered herself for re-election, be re-elected as a Director of the Company."

Ms Cheng would, upon re-election as a Director of the Company, remain as Executive Director of the Company and would be considered non-independent.

HAI LECK HOLDINGS LIMITED

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Minutes of Annual General Meeting held on 28 October 2021 (Thursday)

5. RE-ELECTION OF DIRECTOR - RESOLUTION 5

As Resolution 5 was relating to Ms Chow's re-election, Ms Cheng took over the chairmanship.

Ms Chow, who was retiring as a Director of the Company under Regulation 92 of the Constitution of the Company, had signified her consent to continue in office.

The motion had been duly voted by the members through the submission of the proxy forms to the Company.

The result of the poll was as follows:

	Number of Shares	Percentage (%)
For	192,647,840	100.00
Against	0	0.00
Total number of shares represented by votes	192,647,840	100.00
for and against the resolution

Based on the above result, Ms Cheng declared the motion carried and it was RESOLVED:

"That Ms Chow, who retired from the office in accordance with the Regulation 92 of the Constitution of the Company and being eligible, had offered herself for re-election, be re-elected as a Director of the Company."

Ms Chow would, upon re-election as a Director of the Company, remain as Executive Director and would be considered non-independent.

Ms Cheng returned the chairmanship to Ms Chow to resume the conduct of the Meeting.

6. RE-ELECTION OF DIRECTOR - RESOLUTION 6

Mr Tan Sim Cheng ("Mr Tan"), who was retiring as a Director of the Company under Regulation 93 of the Constitution of the Company, had signified his consent to continue in office.

The motion had been duly voted by the members through the submission of the proxy forms to the Company.

The result of the poll was as follows:

	Number of Shares	Percentage (%)
For	192,647,675	100.00
Against	0	0.00
Total number of shares represented by votes	192,647,675	100.00
for and against the resolution

Based on the above result, Ms Chow declared the motion carried and it was RESOLVED:

"That Mr Tan, who retired from the office in accordance with the Regulation 93 of the Constitution of the Company and being eligible, had offered himself for re-election, be re-elected as a Director of the Company."

Mr Tan will, upon re-election as a Director of the Company, remain as Lead Independent Director of the Company, Chairman of the Audit Committee and a member of the Nominating Committee

HAI LECK HOLDINGS LIMITED

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Minutes of Annual General Meeting held on 28 October 2021 (Thursday)

and Remuneration Committee and would be considered independent pursuant to Rule 704(8) of the Listing Manual of the SGX-ST.

7. APPROVAL OF THE CONTINUED APPOINTMENT OF MR TAN SIM CHENG AS AN INDEPENDENT DIRECTOR BY SHAREHOLDERS - RESOLUTION 7

Contingent upon the passing of Resolution 6 and pursuant to Rule 210(5)(d)(iii) of the Listing Manual of the SGX-ST which will take effect from 1 January 2022, the continued appointment of Mr Tan as an Independent Director of the Company be and is hereby approved, and that upon due approval, the approval shall remain in force until the earlier of the retirement or resignation of the Director; or the conclusion of the third AGM of the Company from the aforesaid approval.

The motion had been duly voted by the members through the submission of the proxy forms to the Company.

The result of the poll was as follows:

	Number of Shares	Percentage (%)
For	192,647,675	100.00
Against	0	0
Total number of shares represented by votes	192,647,675	100.00
for and against the resolution

Based on the above result, Ms Chow declared the motion carried and it was RESOLVED:

"That contingent upon the passing of Resolution 6 and pursuant to Rule 210(5)(d)(iii) of the Listing Manual of the SGX-ST which will take effect from 1 January 2022, the continued appointment of Mr Tan as an Independent Director of the Company be and is hereby approved, and that upon due approval, the approval shall remain in force until the earlier of the retirement or resignation of the Director; or the conclusion of the third AGM of the Company from the aforesaid approval."

8. APPROVAL OF THE CONTINUED APPOINTMENT OF MR TAN SIM CHENG AS AN INDEPENDENT DIRECTOR BY SHAREHOLDERS (EXCLUDING THE DIRECTORS, THE CHIEF EXECUTIVE OFFICER AND THEIR ASSOCIATES) - RESOLUTION 8

Contingent upon the passing of Resolutions 6 and 7 and pursuant to Rule 210(5)(d)(iii) of the Listing Manual of the SGX-ST which will take effect from 1 January 2022, the continued appointment of Mr Tan as an Independent Director of the Company by shareholders, excluding the directors, the chief executive officer and their associates, be and is hereby approved, and that upon due approval, the approval shall remain in force until the earlier of the retirement or resignation of the Director; or the conclusion of the third AGM of the Company from the aforesaid approval.

The motion had been duly voted by the members through the submission of the proxy forms to the Company.