News Detail

Date/Time
26 Apr 2019 18:06:00
Headline
Shareholders meeting's resolution
Symbol
STEC
Source
STEC
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                Shareholders meeting's resolution

Subject                                  : Shareholders meeting's resolution
Shareholder's meeting date               : 26-Apr-2019
Meeting's resolution                     : Accordingly approved with board's 
resolution
Remark                                   :
ST/2019/0233
    April 26, 2019

Subject:    Report on Resolutions of the Annual General Meeting of Shareholders No.
 25/2019

To:    Directors and Manager of the Stock Exchange of Thailand

Whereas Sino-Thai Engineering & Construction Public Company Limited (the 
"Company") convened the Annual General Meeting of Shareholders No. 25/2019
during 14.00 hours - 15.30 hours on April 26, 2019.

Therefore, the Company would like to report the resolutions adopted at the said 
meeting as follows:

    Agenda No. 1    To confirm the minutes of the Annual General Meeting of 
Shareholders No. 24/2018
    
Resolution:    Confirmation of the minutes of Annual General Meeting of 
Shareholders No. 24/2018 held on April 30, 2018 by the following votes:
    Approved     1,018,427,151    votes    equivalent to    98.209%
    Disapproved                         0    vote    equivalent to     0.000%
    Abstained          18,577,240    votes    equivalent to     1.791%
    Voided ballot                 0    vote    equivalent to     0.000%

Agenda No. 2    To acknowledge the report on the Company's operations as of 
December 31, 2018 and the Company's Annual Report for 2018
        
        The meeting acknowledged such reports.

Agenda No. 3    To consider the Financial Statements for the fiscal period ended 
December 31, 2018

Resolution:    Approval of the Financial Statements for the fiscal period ended 
December 31, 2018 by the following votes:


Approved     1,018,797,471    votes    equivalent to    98.199%
    Disapproved                         0    vote    equivalent to     0.000%
    Abstained          18,682,397    votes    equivalent to    1.801%
Voided ballot                         0    vote    equivalent to     0.000%

    Agenda No. 4    To consider the declaration of dividends payment for the year 2018
    
    Resolution:    Approval of the declaration of payment of dividends by cash at the 
rate of Baht 0.50 (Fifty Satang) per share to the Company's shareholders holding
1,525,106,540 shares, being the total amount of Baht 762,553,270 (Seven Hundred
Sixty-two Million Five Hundred Fifty-three Thousand Two Hundred and Seventy
Baht only)
    
        This dividends payment is subject to withholding tax at the rate of 10%, which
 is Baht 0.050 (Five Satang) per share.
 
Voting
Approved     1,019,643,571    votes    equivalent to    98.267%
    Disapproved                         0    vote    equivalent to     0.000%
    Abstained          17,976,940    votes    equivalent to     1.732%
    Voided ballot                10,285    votes    equivalent to     0.001%

Agenda No.5    To consider the appointment of new directors in place of those 
retiring by rotation
    
    Resolution:    (1)    Approval of the re-appointment of Mr. Chamni Janchai as the 
Company's Independent Director/ Chairman of the Audit Committee for an
additional term by the following votes:
Approved     888,216,640    votes    equivalent to    85.600%
    Disapproved    131,438,384    votes    equivalent to    12.667%
    Abstained       17,976,940    votes    equivalent to     1.732%
    Voided ballot                     0    vote    equivalent to     0.000%
    
    
    
    
(2)        Approval of the re-appointment of General Surapan Poomkaew as the Company's
 Director for an additional term by the following votes:
Approved     1,019,639,167    votes    equivalent to    98.266%
    Disapproved               15,857    votes    equivalent to      0.002%
    Abstained         17,976,940    votes    equivalent to      1.732%
    Voided ballot                     0    vote    equivalent to     0.000%
    
    (3)    Approval of the re-appointment of Mr. Chaiyong Satjipanon as the Company's 
Independent Director for an additional term by the following votes:
Approved     1,019,639,167    votes    equivalent to    98.266%
    Disapproved               15,857    votes    equivalent to      0.002%
    Abstained         17,976,940    votes    equivalent to      1.732%
        Voided ballot                     0    vote    equivalent to     0.000%

(4)        Approval of the re-appointment of Mr. Masthawin Charnvirakul as  the 
Company's Director  for an additional term by the following votes:
Approved     1,019,651,896    votes    equivalent to    98.267%
Disapproved                  3,128    votes    equivalent to      0.000%
Abstained          17,976,940    votes    equivalent to      1.732%
Voided ballot                         0    vote    equivalent to      0.000%

Agenda No. 6    To consider fixing the remuneration of Directors, the Audit 
Committee and Nomination and Remuneration Committee for 2019

Resolution:    Approval of the remuneration of Directors, the Audit Committee and 
Nomination and Remuneration Committee for 2019 in the amount of not exceeding
Baht 8,000,000 (Eight Million Baht only) as per the following details and votes:

Directors meeting fee for the Board of Directors, the Audit Committee and the 
Nomination and Remuneration Committee are as follows:
        1.    For the Chairman of each committee                amounting to 40,000 
Baht/meeting
        2.    For each member of each committee                amounting to 20,000 
Baht/meeting

Annual Bonus are as follows:
1.  For the Chairman of the Board of Directors       amounting to 500,000 Baht/year
2.  For the Chairman of the Audit Committee    amounting to 500,000 Baht/year
3.  For the Chairman of the Nomination and         amounting to 400,000 Baht/year
     Remuneration Committee
4.  For each of the other Directors        amounting to 300,000 Baht/year

    Voting
Approved     1,001,561,120    votes    equivalent to    96.524%
    Disapproved         18,093,904    votes    equivalent to    1.744%
    Abstained          17,976,940    votes    equivalent to    1.732%
    Voided ballot                        0    votes    equivalent to    0.000%

Agenda No. 7    To consider the appointment of the Company's Auditor and to fix the
 Auditor's remuneration for 2019

Resolution:    Approval of the appointment of Miss Krongkaew Limkittikul, C.P.A. 
License No. 5874 or Miss Siraporn Ouaanunkun, C.P.A. License No. 3844 or Mr.
Natthawut Santipet, C.P.A. License No. 5730; all of EY Office Limited, as
auditors of the Company for the year 2019 with the auditor's remuneration of
Baht 2,400,000 (Two Million Four Hundred Thousand Baht only) by the following
votes:
Approved     1,019,618,898    votes    equivalent to    98.264%
    Disapproved                32,500    votes    equivalent to      0.003%
    Abstained          17,976,940    votes    equivalent to      1.732%
    Voided ballot                  3,626    votes    equivalent to      0.000%


The Company provides this information for your acknowledgment and dissemination 
to the public and other investors.

    Sincerely yours,
    Sino-Thai Engineering & Construction Public Company Limited



    (Mr. Pakpoom Srichamni)
    President
______________________________________________________________________
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