Re-Appointment and Re-Election of Directors

In accordance with the Memorandum and Articles of Association of the Company, at least one third of the Directors shall retire from office each year at the Annual General Meeting and all Directors shall retire from office once at least in each three (3) years but shall be eligible for re-election. The Companies Act 2016 has removed the age limit and the re-appointment of Director who is over 70 years to be subject to shareholders’ approval at each Annual General Meeting.