Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 147 3. Resolution 2 – To approve the payment of Directors’ Fees of upto RM85,000.00 from 1 January 2018 until the next Annual General Meeting of the Company The breakdown of the Directors’ Fees of RM85,000.00 are as below:- Director Directors’ Fees (RM) Yeong Siew Lee 34,000.00 Paul Jong Jun Hian 25,500.00 Ong Chooi Lee 25,500.00 Total 85,000.00 4. Resolution 7 - Authority to Issue Shares pursuant to Sections 75 and 76 of the Companies Act, 2016 The proposed Ordinary Resolution 7 is proposed for the purpose of granting a re- newed general mandate and authorise the Directors of the Company to issue and allot shares up to an aggregate amount not exceeding 10% of the issued and paid-up capital of the Company for the time being for such purposes as the Directors would consider to be in the interest of the Company. This authority, unless revoked or varied at a general meeting, will expire at the next conclusion of the Annual General Meeting of the Company. As at the date of this Notice, no new shares in the Company were issued pursuant to the authority granted to the Directors at the Ninth Annual General Meeting held on 24 April 2017 and which will lapse at the conclusion of the Tenth Annual General Meet- ing. Nevertheless, a renewal for the said mandate is sought to avoid any delay and cost involved in convening a general meeting to approve such an issue of shares. The aforesaid authority is to give the Directors the authority and flexibility to raise fund more expediently via issuance of shares for purpose of funding future investments, working capital and/or any acquisition. Notice of TENTH Annual General Meeting (cont’d)