Type of Meeting: Annual General Meeting
Indicator: Outcome of Meeting
Date of Meeting: 25 May 2018

Time: 09:00 AM
Venue: Function Room 4, Level 1, Ixora Hotel, Jalan Baru, Bandar Perai Jaya,13600 Perai, Penang
Outcome of Meeting: On behalf of the Board of Directors of P.I.E. Industrial Berhad (“PIE” or “the Company”), we wish to inform that Symphony Merchant Sdn Bhd was appointed by PIE as scrutineer to validate the votes cast at the AGM. The poll-voting results of the AGM are as follows:-

1.To approve the Declaration of a Special Single Tier Dividend of 3.6 sen per share for the year ended December 31, 2017.

2.To approve the Declaration of a First and Final Single Tier Dividend of 2.4 sen per share for the year ended December 31, 2017.

3.To approve the payment of the Directors’ Fee of up to RM72,000.00 for the financial year ended December 31, 2017 to the Directors.

4.To re-elect Loo Hooi Beng, a director retiring under the provision of Article 98(1) of the Articles of Association of the Company.

5.To re-elect Khoo Lay Tatt, a director retiring under the provision of Article 98(1) of the Articles of Association of the Company.

6.To re-elect Koay San San, a director retiring under the provision of Article 105 of the Articles of Association of the Company.

7.To approve the benefits payable (excluding Directors’ Fees) to the Non-Executive Directors up to an amount of RM40,000 from June 1, 2018 until the next Annual General Meeting of the Company.

8.To re-appoint the retiring Auditors, Messrs. Grant Thornton as Auditors of the Company for the ensuing year and that the Directors be authorized to fix their remuneration.

9.To authorise Loo Hooi Beng to continue to serve as Independent Non-Executive Director of the Company.

10.To authorise Khoo Lay Tatt to continue to serve as Independent Non-Executive Director of the Company.

11.To approve the Authority to Issue Shares pursuant to the Companies Act 2016 and approvals from the relevant authorities where necessary.

12.To approve the Renewal of Authority to Purchase the Company’s Own Shares.

13.To approve the Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.

Please be informed that a summary of the key matters discussed and deliberated at the AGM will be published at PIE’s corporate website within fourteen (14) days from the date of AGM.