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The Board of Directors of Success Transformer Corporation Berhad ("the Company") is pleased to announce that at the Twenty-First Annual General Meeting ("21st AGM") of the Company held today, all the resolutions as set out in the Notice of the 21st AGM, dated 30 October 2025, were duly passed by the shareholders of the Company.
The voting in respect of the resolutions were carried out by way of a poll and the results of the poll were validated by Scrutineer Solutions Sdn. Bhd., the Independent Scrutineer appointed by the Company.
Details of the said results of the poll are set out below.
Voting Results
1. Ordinary Resolution 1
Description
To approve the payment of Directors' fees amounting to RM400,000.00 for the financial year ending 30 June 2026, payable monthly in arrears after each month of completed service of the Directors during the subject financial year.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
32
5
No. of Shares
124,296,579
55,618
% of Voted Shares
99.9553
0.0447
Result
Accepted
2. Ordinary Resolution 2
Description
To approve an amount up to RM18,000.00 as benefits payable to Non-Executive Directors of the Company for the period from 5 December 2025 to the Twenty-Second Annual General Meeting of the Company to be held in year 2026 pursuant to Section 230(1)(b) of the Companies Act 2016.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
33
4
No. of Shares
124,306,579
45,618
% of Voted Shares
99.9633
0.0367
Result
Accepted
3. Ordinary Resolution 3
Description
To re-elect Ms. Chan Foong Ping who is retiring in accordance with Clause 90 of the Company's Constitution and, being eligible, has offered herself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
35
3
No. of Shares
125,112,491
108
% of Voted Shares
99.9999
0.0001
Result
Accepted
4. Ordinary Resolution 4
Description
To re-elect Dato' Yeoh Kim Wah who is retiring in accordance with Clause 90 of the Company's Constitution and, being eligible, has offered himself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
32
5
No. of Shares
122,244,659
2,107,538
% of Voted Shares
98.3052
1.6948
Result
Accepted
5. Ordinary Resolution 5
Description
To re-appoint Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
33
3
No. of Shares
125,066,919
108
% of Voted Shares
99.9999
0.0001
Result
Accepted
6. Ordinary Resolution 6 (Tier 1)
Description
Retention of Ms. Chan Foong Ping as an Independent Non-Executive Director.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
4
0
No. of Shares
108,600,519
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
7. Ordinary Resolution 6 (Tier 2)
Description
Retention of Ms. Chan Foong Ping as an Independent Non-Executive Director.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
31
3
No. of Shares
16,511,972
108
% of Voted Shares
99.9993
0.0007
Result
Accepted
8. Ordinary Resolution 7
Description
Authority to issue shares pursuant to the Companies Act 2016 and waiver of pre-emptive rights.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
32
5
No. of Shares
124,416,781
685,818
% of Voted Shares
99.5418
0.5482
Result
Accepted
9. Ordinary Resolution 8
Description
Proposed Renewal of 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
32
4
No. of Shares
124,342,027
10,108
% of Voted Shares
99.9919
0.0081
Result
Accepted
10. Ordinary Resolution 9
Description
Proposed Renewal of Share Buy-Back Authority for the Company to purchase its own ordinary shares.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
35
3
No. of Shares
125,112,491
108
% of Voted Shares
99.9999
0.0001
Result
Accepted
11. Ordinary Resolution 10
Description
Proposed Renewal of Authority for the Company to allot and issue new ordinary shares in the Company ("STC Shares"), for the purpose of the Dividend Reinvestment Scheme that provides the shareholders of the Company with the option to elect to reinvest their cash dividends in new STC Shares.