General Meetings: Outcome of Meeting

June 26, 2023

Company Name	:	FAVELLE FAVCO BERHAD
Stock Name	:	FAVCO
Date Announced	:	26 Jun 2023
Category	:	General Meeting
Reference Number	:	GMA-26062023-00006
Corporate Action ID	:	MY230626MEET0006

Type of Meeting	General
Indicator	Outcome of Meeting
Date of Meeting	26 Jun 2023
Time	11:00 AM

Venue(s)

TIIH Online website at https://tiih.online Tricor Investor & Issuing House Services Sdn Bhd ("Tricor") 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-First Annual General Meeting ("31st AGM") dated 27 April 2023 at the 31st AGM of FFB held on 26 June 2023. 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 26 June 2023.

Voting Results

1. Ordinary Resolution 1

Description	To approve the declaration of a final tax exempt dividend of 4.0 sen per ordinary share in respect of the financial year ended 31 December 2022.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	371	44
No. of Shares	169,470,950	19,125
% of Voted Shares	99.9887	0.0113
Result	Accepted

2. Ordinary Resolution 2

Description	To re-elect Dato' Sri Khazali Bin Haji Ahmad as Director of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	352	62
No. of Shares	169,339,793	145,682
% of Voted Shares	99.9140	0.0860
Result	Accepted

3. Ordinary Resolution 3

Description	To re-elect Mr Mac Chung Hui as Director of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	359	54
No. of Shares	165,624,767	23,308
% of Voted Shares	99.9859	0.0141
Result	Accepted

4. Ordinary Resolution 4

Description	To re-elect Encik Anuar Bin Abd Rahman as Director of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	358	55
No. of Shares	169,446,143	36,332
% of Voted Shares	99.9786	0.0214
Result	Accepted

5. Ordinary Resolution 5

Description	To approve the payment of Directors' Fees and benefits payable of RM1,000,000.00, from 27 June 2023 until the next Annual General Meeting of the Company.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	316	85
No. of Shares	149,113,700	178,362
% of Voted Shares	99.8805	0.1195
Result	Accepted

6. Ordinary Resolution 6

Description	To re-appoint Messrs Crowe Malaysia PLT as the Company's Auditors and to authorise the Directors to fix their remuneration.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	360	53
No. of Shares	169,459,149	26,323
% of Voted Shares	99.9845	0.0155
Result	Accepted

7. Ordinary Resolution 7 (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

8. Ordinary Resolution 7 (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	351	61
No. of Shares	29,905,699	311,433
% of Voted Shares	98.9693	1.0307
Result	Accepted

9. Ordinary Resolution 8

Description	To approve the Proposed Renewal of Authority for Share Buy-Back.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	356	58
No. of Shares	169,458,730	31,343
% of Voted Shares	99.9815	0.0185
Result	Accepted

10. Ordinary Resolution 9

Description	To approve the Proposed Renewal of the Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	340	61
No. of Shares	11,178,082	36,837
% of Voted Shares	99.6715	0.3285
Result	Accepted