Emerging Towns & Cities Singapore Holds AGM, Approves All Resolutions Including Director Re-Elections and Share Mandates
Summary:
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The AGM was held on 23 June 2025 at SBF Center, Singapore, chaired by Mr Ang Mong Seng, with shareholders attending in person.
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Presentations were given by CEO Joseph Lim and HJC General Manager Duan Yupeng on the company’s business and updates.
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All resolutions were approved by poll, including:
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Adoption of FY2024 audited financial statements.
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Re-election of Mr Ang Mong Seng as Non-Executive and Independent Group Chairman, and Mr Joseph Lim as CEO and Executive Director.
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Approval of directors’ fees up to S$238,000 for FY2026.
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Re-appointment of Foo Kon Tan LLP as auditors.
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Mandates to issue shares under general share issue authority, Employee Share Option Scheme, and Performance Share Plan.
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Renewal of the share purchase mandate (up to 10% of issued shares).
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Extension of the option period of management options.
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Questions raised by a shareholder were addressed, covering the employee share plan, timeline for trading resumption, and probability of approval by SGX.
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The company reiterated it continues to work toward lifting its trading suspension after completing convertible bond issuance.