Page 16 - HRC_Annual_Report_2023

14 About HRC Value Creation Management Discussion Leadership
& Analysis

NOTICE OF 65 ANNUAL GENERAL MEETING
TH

8. PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE AND PROPOSED NEW (Ordinary Resolution 8)
SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A
REVENUE OR TRADING NATURE
“THAT subject to the Listing Requirements, approval be and is hereby given for the Company
to enter into recurrent related party transactions of a revenue or trading nature with the related
parties as set out in Section 2.2.2 of the Circular to the Shareholders dated 26 April 2024 which are
necessary for day-to-day operations and are carried out in the ordinary course of business on terms
which are not more favourable to the related parties than those generally available to the public
and are undertaken on an arms’ length basis and not to the detriment of minority shareholders;
AND THAT the authority conferred by such mandate shall commence upon the passing of this
resolution and continue to be in full force until:
(a) the conclusion of the next AGM of the Company at which this shareholders’ mandate will
lapse, unless by a resolution passed at the next AGM, the mandate is renewed;
(b) the expiration of the period within which the next AGM is required to be held pursuant
to Section 340 of the Act (but must not extend to such extension as may be allowed pursuant
to Section 340(4) of the Act); or

(c) revoked or varied by resolution passed by the shareholders in a general meeting;
whichever is the earlier;
AND THAT the Board of Directors be and is hereby authorised to complete and do all such
acts and things as it may consider expedient or necessary (including executing such documents
as may be required) to give effect to the transactions contemplated and/or authorised by
this mandate.”
[Please refer to Note (g)]

9. To transact any other business of the Company of which due notice shall have been given in
accordance with the Companies Act 2016 and the Constitution of the Company.

BY ORDER OF THE BOARD
Ong Wai Leng (SSM PC No. 202208000633/MAICSA No. 7065544)
Chua Chia Kee (SSM PC No. 202408000067/MAICSA No. 7078002)
Company Secretaries

Dated this 26 April 2024
Kuala Lumpur