China Aviation Oil Singapore : Outcome of 28th Annual General Meeting held on 27 April 2022
April 28, 2022 at 04:25 am EDT
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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 28TH ANNUAL GENERAL MEETING OF CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD HELD ON 27 APRIL 2022 ("28TH 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 dated 31 March 2022 were duly approved and passed by the shareholders of the Company at the 28th AGM, by way of poll:
(1)The results of the poll on each of the following resolutions put to vote at the 28th AGM are set out below:
For
Against
Ordinary Business Resolution 1
Adoption of Directors' Statement and Audited Financial Statements and Auditors' Report thereon.
642,090,943
Resolution 2
Declaration of First and Final (One-Tier, Tax Exempt) Dividend
51,100
Resolution number and details
For
Against
Total number of shares
As a percentage of
represented by votes for
Number of
Shares
total number of votes for and against the resolution (%)
As a percentage of
Number of
Shares
total number of
and against the relevant
votes for and
resolution
against the
resolution (%)
Resolution 3
Approval of Directors' Fees for the financial year ended 31 December 2021
643,348,350
643,290,250
99.99
58,100
0.01
Resolution 4
Re-election of Mr Teo Ser Luck as a Director pursuant to Regulation 94 of the Constitution
643,346,350
618,581,385
96.15
24,764,965
3.85
Resolution 5
Re-election of Mr Hee Theng Fong as a Director pursuant to Regulation 94 of the Constitution
643,342,110
632,065,859
98.25
11,276,251
1.75
Resolution 6
Re-election of Dr Richard Yang Minghui as a Director pursuant to Regulation 100 of the Constitution
643,342,110
630,781,484
98.05
12,560,626
1.95
Resolution 7
Re-election of Mr Shi Lei as a Director pursuant to Regulation 100 of the Constitution
643,342,110
627,890,619
97.60
15,451,491
2.40
For
Against
Resolution 8
Re-election of Dr Fu Xingran as a Director pursuant to Regulation 100 of the Constitution
643,342,110
630,010,259
97.93
13,331,851
Resolution 9
Re-election of Dr Jeffrey Goh Mau Seong as a Director pursuant to Regulation 100 of the Constitution
643,342,110
642,322,771
2.07
99.84
1,019,339
Resolution 10
Re-appointment of Deloitte & Touche LLP as Auditors and authorise the Director to fix their remuneration
643,345,350
99.99
51,100
Special Business
0.16
Resolution 11
Authority of Directors to issue shares pursuant to Section 161 of the Companies Act and the SGX-ST Listing Manual
643,348,350
97.73
14,617,714
Resolution 12
Renewal of General Mandate for Interested Person Transactions
28,535,496
28,480,396
99.81
55,100
0.19
Resolution 13
Renewal of Share Purchase Mandate
99.99
(2)Details of shareholders required to abstain from voting on the following Resolution:
Name of Shareholder
Number of shares held
Resolution number(s)
(Please refer to item (1) above for details of the resolution (s))
China National Aviation Fuel Group Limited
441,332,912
12
BP Investments Asia Limited
173,476,942
12
Save as aforesaid, there were no restrictions on any shareholders casting votes on any of the proposed resolutions at the 28th AGM.
(3)Reliance 3P Advisory Pte Ltd was appointed as the scrutineer for the purpose of the poll taken at the 28th AGM.
By Order of the Board
Doreen Nah Company Secretary
Singapore, 27 April 2022
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China Aviation Oil (Singapore) Corp. Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 08:24:10 UTC.
China Aviation Oil (Singapore) Corporation Ltd is a Singapore-based physical jet fuel trading company. The Company is engaged in the trading and supply of jet fuel and trading of other petroleum products, and investment holdings. The Companyâs segments include Middle distillates, Other oil products and Investments in oil-related assets. The Middle distillates segment is engaged in jet fuel and gas oil supply and trading. The Other oil products segment is focused on fuel oil, crude oil and gasoline supply and trading. The Investments in oil-related assets segment includes investments in oil-related assets through the Groupâs holdings in associates. The Company is also a supplier of imported jet fuel to the civil aviation industry of the Peopleâs Republic of China (PRC). It supplies jet fuel to international airports across the PRC, including Beijing Capital International Airport, Shanghai Pudong and Hongqiao International Airports and Guangzhou Baiyun International Airport.