KENANGA ANNUAL REPORT 2020

341 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD STATEMENT ACCOMPANYING NOTICE OF FORTY-SEVENTH (47 TH ) ANNUAL GENERAL MEETING (“AGM”) (Pursuant to Paragraph 8.27(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad) 1. Details of Individuals Who are Standing for Election as Director (Excluding Directors Standing for Re-Election) There is no individual seeking election as a Director at the Forty-Seventh (47 th ) AGM of the Company. 2. Ordinary Resolution on Authority to Issue and Allot New Ordinary Shares in the Company The proposed Ordinary Resolution 8 on the general mandate for issuance of shares is a renewal mandate. As at the date of the Notice of the Forty-Seventh (47 th ) AGM, no new shares were issued pursuant to the general mandate granted to the Directors at the last AGM held on 11 June 2020. Details on the authority to issue shares pursuant to Section 75 and Section 76 of the Companies Act 2016 are provided under the Explanatory Notes on Special Business in this Notice.