Koyo International : 2024 Results of AGM

KOYO INTERNATIONAL LIMITED

Registration No. 200100075E

(Incorporated in Singapore)

RESULTS OF ANNUAL GENERAL MEETING HELD ON 25 APRIL 2024

Capitalised terms used herein, unless otherwise defined, shall have the definitions ascribed to them in the annual report of the Company for the financial year ended 31 December 2023, issued to shareholders of the Company on 9 April 2024.

The Board of Directors ("Board") of Koyo International Limited ("Company") wishes to announce that, pursuant to Rule 704(15) of the Listing Manual of the Singapore Exchange Securities Trading Limited, Section B: Rules of Catalist (the "Catalist Rules"), all resolutions set forth in the Notice of the Annual General Meeting ("AGM") dated 9 April 2024 were duly passed by shareholders of the Company by way of poll at the AGM of the Company convened and held on 25 April 2024.

The results of the poll on each resolution are set out below:

Ordinary

Total number

For

Against

Results

Resolution

of

shares

Number

of

As

a

Number

As

a

number

and

represented

Shares

percentage

of

percentage

details

by votes for

of

total

Shares

of

total

and

against

number

of

number

of

the

relevant

votes

for

votes

for

resolution

and

against

and against

the

the

resolution

resolution

(%)

(%)

AS ORDINARY BUSINESS

Resolution 1

To receive

and

adopt the Audited

Financial

Statements

and

the

Directors'

Statement

of

the

128,775,600

128,775,600

100

0

0

Carried

Company and the

Group

for

the

financial

year

ended

31

December

2023

together

with

the

Auditors'

Report

thereon.

Ordinary Resolution

Total

For

Against

Results

number and details

number of

Number of

As

a

Number

As

a

shares

Shares

percentage

of Shares

percentage

represented

of

total

of

total

by votes for

number

of

number

of

and

against

votes

for

votes

for

the

relevant

and against

and against

resolution

the

the

resolution

resolution

(%)

(%)

Resolution 2

To

approve

the

payment of Directors'

fees of S$104,000 for

the

financial

year

127,985,600

127,985,600

100

0

0

Carried

ending 31 December

2024,

payable

quarterly

in

arrears.

(FY2023: S$104,000)

Resolution 3

To

re-elect

Mr.

Foo

128,775,600

128,775,600

100

0

0

Carried

Suay

Wei

as

a

Director.

Resolution 4

To re-appoint Messrs

UHY Lee Seng Chan

& Co as auditor of the

Company,

to

hold

office

until

the

128,775,600

128,775,600

100

0

0

Carried

conclusion of the next

AGM of the Company

and

to

authorise

the

Directors

to

fix

their

remuneration.

AS SPECIAL BUSINESS

Resolution 5

To authorise Directors

128,775,600

128,775,600

100

0

0

Carried

to

issue

and

allot

shares.

Resolution 6

To

approve

the

128,775,600

128,775,600

100

0

0

Carried

renewal

of

Share

Buyback Mandate.

Details of parties who are required to abstain from voting on any resolution(s)

Mr. Yeo Guat Kwang who holds 790,000 ordinary shares, has voluntarily abstained from the voting on Resolution 2 in respect of the approval of the payment of Directors' fees for the financial year ending 31 December 2024.

Name of firm appointed as scrutineer

Poh Management Pte. Ltd. was the appointed scrutineer for the AGM.

By Order of the Board

Koyo International Limited

Foo Suay Wei

Managing Director and Chief Executive Officer

25 April 2024

This announcement has been reviewed by the Company's sponsor.

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Ms Charmian Lim (Tel: [phone]), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.