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COSCO Corporation (Singapore) Limited
Annual Report 2015
NOTICE OF
ANNUAL GENERAL MEETING
(iii)
That the Directors of the Company be and are hereby authorised to complete
and do all such acts and things (including all such documents as may be
required) as they may consider expedient or necessary or in the interests of
the Company to give effect to this Resolution; and
(iv)
That the authority conferred by this Resolution shall, unless revoked or varied
by the Company in general meeting, continue in force until the conclusion of
the next Annual General Meeting of the Company or the date by which the
next Annual General Meeting of the Company is required by law to be held,
whichever is earlier.”
(See Explanatory Note 7)
BY ORDER OF THE BOARD
Cheo Meng Ching
Company Secretary
Singapore, 31 March 2016
Explanatory Notes on Business to be transacted
1.
Capt Wu Zi Heng will, upon re-election as a Director, remains as the Chairman of the Strategic Development Committee and a
member of Nominating Committee, Remuneration Committee and Enterprise Risk Management Committee of the Company.
2.
Mr Ma Zhi Hong will, upon re-election remains as Non-Independent and Non-Executive Director.
3.
Mr Ang Swee Tian will, upon re-election as a Director, remains as the Chairman of the Enterprise Risk Management Committee and
a member of the Audit Committee, Nominating Committee, Remuneration Committee and Strategic Development Committee of the
Company; and will be considered independent for the purpose of Rule 704(8) of the Listing Manual of the SGX-ST.
4.
Mr Wang Yu Hang will, upon re-election as a Director, remain as a member of the Strategic Development Committee of the
Company.
5.
Mr Tom Yee Lat Shing will, upon re-election as a Director, remains as the Chairman of the Audit Committee and a member of the
Nominating Committee, Remuneration Committee, Enterprise Risk Management Committee and Strategic Development Committee
of the Company; and will be considered independent for the purposes of Rule 704(8) of the Listing Manual of the SGX-ST.
6.
Ordinary Resolution 9 is to empower the Directors of the Company from the date of the above Meeting until the next Annual General
Meeting to issue shares and/or convertible securities in the capital of the Company up to an amount not exceeding in aggregate
50% of the issued shares in the capital of the Company of which the total number of shares and convertible securities issued other
than on a pro-rata basis to existing shareholders shall not exceed 20% of the issued shares in the capital of the Company at the
time the resolution is passed, for such purposes as they consider would be in the interests of the Company. This authority will,
unless revoked or varied at a general meeting, expire at the next Annual General Meeting of the Company.
7.
Ordinary Resolution 10 is to renew the General Mandate to allow the Company, its subsidiaries and associated companies or any of
them to enter into certain Recurrent Interested Person Transactions with person who are considered “Interested Persons” (as defined
in Chapter 9 of the Listing Manual of the SGX-ST).
The Company’s Audit Committee has confirmed that the methods and procedures for determining the transaction process have
not changed since the last renewal of the Shareholders’ Mandate on 24 April 2015 in respect of transactions described in Section
2.1 of Schedule II of the Appendix; and since the approval of the additional Shareholders’ Mandate on 17 July 2007 in respect of
transactions described in Section 2.2 of Schedule II of the Appendix; and that the said methods and procedures are sufficient to
ensure that the Recurrent Interested Person Transactions will be carried out on normal commercial terms and will not be prejudicial
to the interests of the Company and its minority shareholders.
