RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING ("AGM")
Pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), the Board of Directors (the "Board") of Best World International Limited (the "Company") is pleased to announce that all the resolutions as set out in the Notice of AGM dated 11 April 2024 and put to the meeting as ordinary business and special business were passed at the AGM held on 26 April 2024.
POLL RESULTS
The breakdown of all valid votes cast at the AGM are set out below:
For
Against
Total number
As a
As a
percentage
percentage
of shares
of total
of total
Resolution number
represented
Number of
number of
Number of
number of
and details
by votes for
shares
votes for
shares
votes for
and against
and against
and
the relevant
the
against the
resolutions
resolution
resolution
(%)
(%)
Resolution 1: To
receive and adopt
the Audited Financial
Statements of the
Company for the
351,659,005
322,659,505
91.75
28,999,500
8.25
financial year
ended 31 December
2023 and the
Directors' Statement
and the Auditors'
Report thereon.
Resolution 2: To
approve Directors'
fees of S$280,600
352,320,691
313,495,991
88.98
38,824,700
11.02
for the financial year
ended 31 December
2023.
Resolution 3: To re-
elect Mr Huang Ban
Chin as a Director
329,680,291
323,826,932
98.22
5,853,359
1.78
(Retiring under
Regulation 93).
Resolution 4: To re-
elect Mr Lee Sen
Choon as a Director
352,801,191
306,649,393
86.92
46,151,798
13.08
(Retiring under
Regulation 93).
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For
Against
Total number of
As a
As a
percentage
percentage
shares
of total
of total
Resolution number
represented by
Number of
number of
Number of
number of
and details
votes for and
shares
votes for and
shares
votes for
against the
against the
and
relevant
resolution
against the
resolutions
(%)
resolution
(%)
Resolution 5: To re-
appoint CLA Global
TS Public Accounting
Corporation as
353,013,191
319,619,531
90.54
33,393,660
9.46
Company's Auditors
and to authorise the
Directors to fix their
remuneration.
Resolution 6: To
authorize the
Directors to issue
348,334,691
304,435,344
87.40
43,899,347
12.60
Shares pursuant to
the Share Issue
Mandate.
Resolution 7: To
approve the
Proposed Renewal
352,852,985
318,843,533
90.36
34,009,452
9.64
of the Share Buy-
back Mandate.
DETAILS OF PERSON(S) REQUIRED TO ABSTAIN FROM VOTING ON ANY RESOLUTIONS
Lee Sen Choon has a direct interest of 207,500 shares and has abstained from voting on Resolutions 2 and 4.
Mr. Huang Ban Chin has a direct interest of 23,330,000 shares and has abstained from voting on Resolution 3.
SCRUTINEER
Tricor Singapore Pte. Ltd. was appointed as Scrutineer for the AGM.
RE-DESIGNATION
Mr. Lee Sen Choon who has served as Independent Director for more than nine years, will cease to be independent upon the conclusion of the Company's Annual General
Meeting on 26 April 2024 and he will be redesignated as Non-Independent Non- Executive Director of the Company
BY ORDER OF THE BOARD
Huang Ban Chin
Executive Director and Chief Operating Officer
26 April 2024
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Disclaimer
Best World International Limited 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 15:00:51 UTC.
Best World International Limited is an investment holding company. The Company is focused on the distribution of nutritional supplement products, personal care products and healthcare equipment. Its segment includes Direct Selling, Franchise and Others. The Direct Selling segment mainly comprises direct selling, both online and offline, for the markets of Singapore, Malaysia, Indonesia, Thailand, Taiwan, Hong Kong, Vietnam, Philippines, Korea, Australia, New Zealand, United States, Canada, Brunei and United Arab Emirates. The Franchise segment comprises sales to independent third parties who are permitted to establish and operate BWL Lifestyle Centres in the Peopleâs Republic of China and distribute the products. The Others segment comprises sales to customers at export retail price through retailers in the Myanmar and the Manufacturing/Wholesale segment comprises sales of health supplements manufactured by its Hangzhou factory to wholesalers all over the Peopleâs Republic of China.
BEST WORLD INTERNATIONAL LIMITED 
