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Thursday, October 17th, 2019

Willas Array Electronics : RESULTS OF THE ANNUAL GENERAL MEETING HELD ON JULY 28, 2017

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by July 28, 2017 General

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Singapore Exchange Securities Trading Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Singapore Exchange Securities Trading Limited assumes no responsibility for the correctness of any of the statements made, reports contained or opinions expressed in this announcement.


WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED

威雅利電子(集團)有限公司

(Incorporated in Bermuda with limited liability)


(Hong Kong stock code: 854) (Singapore stock code: BDR)

RESULTS OF THE ANNUAL GENERAL MEETING HELD ON JULY 28, 2017

All the Proposed Resolutions as set out in the AGM Notice were duly passed by the Shareholders by way of poll at the 2017 AGM.

The board of directors (the “Directors” and the “Board”, respectively) of Willas-Array Electronics (Holdings) Limited (the “Company”) is pleased to announce that all the proposed ordinary resolutions as set out in the notice of the annual general meeting of the Company (the “AGM”) dated June 27, 2017 (the “AGM Notice” and the “Proposed Resolutions”, respectively) were duly passed by the holders of the Company’s ordinary shares of HK$1.00 each (the “Shares” and the “Shareholders”, respectively) by way of poll at the AGM held on Friday, July 28, 2017 (the “2017 AGM”).

As at the date of the 2017 AGM, there were 76,340,960 issued Shares entitling the Shareholders to attend and vote for or against on the Proposed Resolutions at the 2017 AGM. There were no Shares entitling the Shareholders to attend and abstain from voting in favour of the Proposed Resolutions at the 2017 AGM as set out in Rule 13.40 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “HK Listing Rules”) and Rule 704 (16) of the Listing Manual of Singapore Exchange Securities Trading Limited.

None of the Shareholders were required under the HK Listing Rules to abstain from voting on the Proposed Resolutions at the 2017 AGM. None of the Shareholders have stated in the Company’s circular dated June 27, 2017 (the “Circular”) their intention to vote against or to abstain from voting on any of the Proposed Resolutions at the 2017 AGM.

Boardroom Share Registrars (HK) Limited, the branch share registrar of the Company in Hong Kong, was appointed as poll facilitator and Ardent Business Advisory Pte. Ltd. acted as the scrutineer for the vote-taking at the 2017 AGM.

The poll results in respect of all the Proposed Resolutions put to vote at the 2017 AGM are set out as follows:

Ordinary Resolutions

Number of Votes (Approximate %)(Note)

For

Against

Ordinary Business

1.

To adopt the Directors’ Report and Audited Financial Statements of the Company for the financial year ended March 31, 2017 together with the Independent Auditors’ Report thereon.

35,159,068

(100.00%)

0

(0.00%)

2.

To declare a final dividend of HK$0.31 per Share for the financial year ended March 31, 2017.

35,159,068

(100.00%)

0

(0.00%)

3.

To approve the proposed Directors’ fees of S$180,000/- for the financial year ending March 31, 2018.

35,159,068

(99.97%)

11,000

(0.03%)

4.

To re-elect Mr. Leung Chun Wah as an Executive Director of the Company.

35,159,068

(99.97%)

11,000

(0.03%)

5.

To re-elect Mr. Kwok Chan Cheung as an Executive Director of the Company.

35,159,068

(99.97%)

11,000

(0.03%)

6.

To re-appoint Messrs. Deloitte Touche Tohmatsu, Hong Kong as the independent auditors of the Company and to authorise the Directors to fix their remuneration.

35,145,068

(99.97%)

10,000

(0.03%)

Special Business

7.

To authorise the Directors to allot and issue new Shares in the share capital of the Company.*

35,152,068

(99.95%)

18,000

(0.05%)

8.

To authorise the Directors to purchase or acquire Shares in the share capital of the Company under the Share Buyback Mandate.*

35,159,068

(99.97%)

11,000

(0.03%)

* For the full text of the Proposed Resolutions, please refer to the AGM Notice as contained in the Circular.

Note: The approximate percentage of votes cast on each Proposed Resolution stated above is calculated based on the total number of issued Shares held by the Shareholders who attended and voted at the 2017 AGM in person, by authorised representative or by proxy.

As more than 50% of the votes were cast in favour of each of the Proposed Resolutions, all of them were duly passed as ordinary resolutions of the Company.

By Order of the Board


Willas-Array Electronics (Holdings) Limited Leung Chun Wah

Chairman and Executive Director

Hong Kong/Singapore, July 28, 2017

As at the date of this announcement, the Board comprises four Executive Directors, namely Leung Chun Wah (Chairman), Kwok Chan Cheung (Deputy Chairman), Hon Kar Chun (Managing Director) and Leung Hon Shing; and three Independent Non-executive Directors, namely Jovenal R. Santiago, Wong Kwan Seng, Robert and Iu Po Chan, Eugene.

Willas-Array Electronics (Holdings) Limited published this content on 28 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 July 2017 10:28:05 UTC.

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