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SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 383

6. Voting

Pursuant to Paragraph 8.29A(1) of the Listing Requirements, all resolutions set out in the Notice of the 11 AGM of the
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Company will be put to vote by poll. Poll Administrator will be appointed to conduct the poll via e-voting process and
Independent Scrutineers will be appointed to verify the poll results.
Shareholders can proceed to vote on the resolutions and submit their votes at any time from the commencement
of the 11 AGM at 11.00 a.m. until a time when the Chairman of the meeting announces the completion of the
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voting session. Upon completion of the voting session for the 11 AGM, the Independent Scrutineers will verify
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and announce the poll results followed by the Chairman of the meeting’s declaration whether the resolutions are
duly passed.

EXPLANATORY NOTES ON ORDINARY BUSINESS
Explanatory Note 1:
Audited Financial Statements for the financial year ended 31 December 2021
This agenda item is meant for presentation and discussion only as under the provisions of Section 340(1)(a) of the Companies
Act, 2016 and Clause 135 of the Company’s Constitution, the Audited Financial Statements does not require the final approval of
Shareholders and hence, will not be put forward for voting.

Explanatory Note 2:
Non-Executive Directors’ Remuneration
2.1 Section 230(1) of the Companies Act, 2016 provides amongst others, that the fees of the Directors and any benefits payable
to the Directors of a listed company and its subsidiaries shall be approved at a general meeting. In this respect, the Board
agreed that the Shareholders’ approval shall be sought at the 11 AGM on the Directors’ remuneration in two (2) separate
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resolutions as below:
a. Resolution 1:
Payment of Directors’ fees for the Non-Executive Chairman and for each of the Non-Executive Directors from
8 June 2022 until the conclusion of the next AGM of MSM to be held in 2023 be paid on a monthly basis; and

b. Resolution 2:
Payment of benefits payable to the Non-Executive Chairman and Non-Executive Directors for the period from
8 June 2022 until the conclusion of the next AGM of MSM to be held in 2023.