8 Temasek Boulevard #31-02
Suntec Tower Three, Singapore 038988 Tel: (65) 6334 8979 Fax: (65) 6333 5283 Co. Reg. No.: 199303293Z
OUTCOME OF THE 23RD ANNUAL GENERAL MEETING OF CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD HELD ON 18 APRIL 2017 ("23RD AGM")The Board of Directors (the "Board") of China Aviation Oil (Singapore) Corporation Ltd (the "Company") wishes to announce that, pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-ST Listing Manual"), all resolutions set out in the Notice of Annual General Meeting of the Company were voted on by way of electronic poll voting and have been duly approved and passed by the
shareholders of the Company at the 23rd AGM:
Breakdown of all valid votes cast at the 23rd AGM are set out below:
Resolution number and details
Total number of shares represented by votes for and against the relevant resolution
For
Against
Number of Shares
As a percentage of total number of votes for and against the resolution (%)
Number of Shares
As a percentage of total number of votes for and against the resolution (%)
Ordinary Business
Resolution 1
Adoption of Directors' Statement and Audited Financial Statements and Auditors' Report thereon.
637,858,993
636,069,378
99.72
1,789,615
0.28
Resolution number and details
Total number of shares represented by votes for and against the relevant resolution
For
Against
Number of Shares
As a percentage of total number of votes for and against the resolution (%)
Number of Shares
As a percentage of total number of votes for and against the resolution (%)
Resolution 2
Declaration of First and Final (One-Tier, Tax Exempt) Dividend
639,192,738
639,018,194
99.97
174,544
0.03
Resolution 3
Approval of Directors' Fees for the financial year ended 31 December 2016
638,895,176
638,154,016
99.88
741,160
0.12
Resolution 4
Re-election of Dr Wang Kai Yuen as a Director
639,166,749
638,399,869
99.88
766,880
0.12
Resolution 5
Re-election of Mr Ang Swee Tian as a Director
639,208,159
638,767,239
99.93
440,920
0.07
Resolution 6
Re-election of Mr Li Runsheng as a Director
639,138,653
638,208,433
99.85
930,220
0.15
Resolution 7
Re-election of Dr Xi Zhengping as a Director
639,397,266
638,011,215
99.78
1,386,051
0.22
Resolution number and details
Total number of shares represented by votes for and against the relevant resolution
For
Against
Number of Shares
As a percentage of total number of votes for and against the resolution (%)
Number of Shares
As a percentage of total number of votes for and against the resolution (%)
Resolution 8
Re-appointment of Auditors and authorise the Director to fix their remuneration
638,394,089
638,075,538
99.95
318,551
0.05
Special Business
Resolution 9
Authority of Directors to issue shares pursuant to Section 161 of the Companies Act, Chapter 50 and the Listing Manual of the Singapore Exchange Securities Trading Limited
638,587,045
623,878,356
97.70
14,708,689
2.30
Resolution 10
Renewal of the General Mandate for Interested Person Transactions
23,860,178
23,147,770
97.01
712,408
2.99
Resolution 11
Renewal of Share Purchase Mandate
637,446,491
637,328,691
99.98
117,800
0.02
Resolution 12
Approval of the Proposed Pipeline Services Contract
196,860,855
196,682,510
99.91
178,345
0.09
Details of parties required to abstain from voting on the following resolutions:
Name of Party | Number of shares held | Resolution number(s) (Please refer to item (a) above for details of the resolution (s)) |
China National Aviation Fuel Group Corporation | 441,332,912* | 10 and 12 |
BP Investments Asia Limited | 173,476,942 | 10 |
*Held through DBS Vickers Securities (Singapore) Pte Ltd.
Save as aforesaid, there were no restrictions on any shareholders casting votes on any of the proposed resolutions at the 23rd AGM. DrewCorp Services Pte Ltd was appointed as the scrutineers for the purpose of the poll taken at the 23rd AGM.
By Order of the Board
Doreen Nah Company Secretary
Singapore, 18 April 2017
China Aviation Oil (Singapore) Corp. Ltd. published this content on 18 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 April 2017 05:40:05 UTC.
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