FIMA CORPORATION ANNUAL REPORT 2017

Corporate Information

Annual Report 2017

Resolution 9

(iii)

revoked or varied by resolution passed by the shareholders of the Company at a general meeting,

whichever is the earlier;

AND THAT the Board of Directors of the Company be and is hereby empowered and authorized to complete

and do all such acts and things (including executing such documents under the common seal in accordance

with the provisions of the Company’s Constitution, as may be required) as they may consider expedient or

necessary to give effect to the proposed mandate.

PROPOSED RENEWAL OF THE AUTHORITY FOR SHARES BUY-BACK

“THAT subject to compliance with the Act, the MMLR of Bursa Securities, provisions of the Company’s

Constitution, and all other applicable laws, guidelines, rules and regulations, approval and authority be and

are hereby given to the Directors of the Company, to the extent permitted by law, to purchase such number

of ordinary shares in Fima Corporation Berhad (“FimaCorp Shares”) as may be determined by the Directors

from time to time through Bursa Securities upon such terms and conditions as the Directors may deem fit,

necessary and expedient in the interest of the Company, provided that:

(i)

the maximum aggregate number of FimaCorp Shares which may be purchased and/or held by the

Company shall not exceed 10% of the issued and paid-up share capital of the Company at any time;

and

(ii)

the maximum funds to be allocated by the Company for the purpose of purchasing its own shares shall

not exceed the total retained profits of the Company for the time being.

THAT the Directors be and are hereby authorized to deal with the FimaCorp Shares so purchased at their

discretion, in the following manner:

(i)

cancel the FimaCorp Shares so purchased; or

(ii)

retain the FimaCorp Shares so purchased as treasury shares; or

(iii)

retain part of the FimaCorp Shares so purchased as treasury shares and cancel the remainder; or

(iv)

distribute the treasury shares as share dividends to the shareholders of the Company and/or re-sell on

the Bursa Malaysia in accordance with the MMLR of Bursa Securities and/or cancellation of all or part

of them subsequently.

or in any other manner as may be prescribed by the Act, all applicable laws, regulations and guidelines

applied from time to time by Bursa Securities and/or other relevant authority for the time being in force and

that the authority to deal with the purchased FimaCorp Shares shall continue to be valid until all the purchased

FimaCorp Shares have been dealt with by the Directors of the Company;

THAT the authority conferred by this resolution shall be effective immediately upon the passing of this

resolution and shall continue to be in force until:

(i)

the conclusion of the next AGM of the Company, at which time it shall lapse, unless by an ordinary

resolution passed at that meeting, the authority is renewed, either unconditionally or subject to

conditions; or

(ii)

the expiration of the period within which the next AGM of the Company is required by law to be held; or

(iii)

revoked or varied by ordinary resolution passed by the shareholders of the Company in a general

meeting,

NOTICE OF 42

ANNUAL GENERAL MEETING