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Date/Time
17 Jul 2020 17:00:00
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               : 17-Jul-2020
Meeting's resolution                     : Accordingly approved with board's 
resolution
Remark                                   :
ST/2020/0356
    July 17, 2020

Subject:    Report on Resolutions of the Annual General Meeting of Shareholders No.
 26/2020

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. 26/2020
during 10.00 hours - 12.00 hours on Friday, the 17th day of July 2020.

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. 25/2019

Resolution:    Confirmation of the minutes of Annual General Meeting of 
Shareholders No. 25/2019 held on April 26, 2019, by the following votes:
    Approved     864,941,844    votes    equivalent to      93.51%
    Disapproved                      0    votes    equivalent to        0.00%
    Abstained       60,011,711    votes    equivalent to        6.48%
Voided Ballot                       0    votes    equivalent to       0.00%

Agenda No. 2    To acknowledge the report on the Company's operations as of 
December 31, 2019, and the Company's Annual Report for 2019
        
        The meeting acknowledged such reports.

Agenda No. 3    To consider the Financial Statements for the fiscal period ended 
December 31, 2019

Resolution:    Approval of the Financial Statements for the fiscal period ended 
December 31, 2019, by the following votes:
Approved     870,495,955    votes    equivalent to      94.09%
    Disapproved                      0    votes    equivalent to        0.00%
    Abstained       54,605,468    votes    equivalent to        5.90%
Voided Ballot                       0    votes    equivalent to       0.00%

    Agenda No. 4    To acknowledge the interim dividend payment for the year 2019, and
 no additional dividend payment from the 2019 year of operations
    
    The meeting acknowledged the following matters: (1) the payment of interim 
dividends at 0.30 Baht (30 Satang) per share, for all shareholders of the
Company holding all 1,525,106,540 shares, as appearing in the share registry at
the Record Date for determination of the right to receive dividends which was
set on March 25, 2020, and was the old set date disclosing to shareholders
according to the resolutions of the Company's Board of Directors Meeting
No.1/2020, held on March 11, 2020.  The interim dividends payment was made to
the shareholders on April 24, 2020; and (2) no additional dividend payment from
the operations of the year 2019 shall be made.

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. Vallop Rungkijvorasathien
as the Company's Director/Chairman of the Board of Executive Directors for an
additional term by the following votes:
Approved     812,959,807    votes    equivalent to    87.87%
    Disapproved      58,021,420    votes    equivalent to      6.27%
    Abstained       54,140,696    votes    equivalent to      5.85%
    Voided Ballot                       0    votes    equivalent to      0.00%
    
(2)        Approval of the re-appointment of Mr. Pakpoom Srichamni as the Company's 
Director/President for an additional term by the following votes:
Approved     870,956,911    votes    equivalent to    94.14%
    Disapproved             25,600    votes    equivalent to      0.00%
    Abstained       54,139,412    votes    equivalent to      5.85%
    Voided Ballot                       0    votes    equivalent to      0.00%
    
    (3)    Approval of the re-appointment of Mr. Thanathip Vidhayasirinun
    as the Company's Independent Director for an additional term by the following 
votes:
Approved     805,772,472    votes    equivalent to    87.09%
Disapproved      65,210,040    votes    equivalent to      7.04%
Abstained       54,139,411    votes    equivalent to      5.85%
Voided Ballot                       0    votes    equivalent to      0.00%
    
(4)    Approval of the re-appointment of Mrs. Anilrat Nitisaroj as
the Company's Director/Executive Director for an additional term by the 
following votes:
Approved     870,979,911    votes    equivalent to    94.14%
Disapproved               2,600    votes    equivalent to      0.00%
Abstained       54,139,412    votes    equivalent to      5.85%
Voided Ballot                       0    votes    equivalent to      0.00%

Agenda No. 6    To consider fixing the remuneration of Directors, the Audit 
Committee and Nomination and Remuneration Committee and any new sub-committee
that may be established additionally for 2020

Resolution:    Approval of the remuneration of Directors, the Audit Committee and 
Nomination and Remuneration Committee and any new sub-committee that may be
established additionally for 2020 in the amount of not exceeding Baht 9,000,000
(Nine 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 is as follows:
1.  For the Chairman of the Board of Directors     amounting to 600,000 
Baht/year
2.  For the Chairman of the Audit Committee       amounting to 600,000 Baht/year
3.  For the Chairman of the Nomination and             amounting to 500,000 
Baht/year
     Remuneration Committee
4.  For each of the other Directors            amounting to 400,000 Baht/year

In case of establishment of any additional new sub-committee in the future, its 
members will be entitled to receive meeting fees at the same rate as the board
of directors, and the chairman of such new sub-committee will be entitled to
receive the annual bonus at the same rate of the Nomination and Remuneration
Committee.
    Voting
Approved     867,991,398    votes    equivalent to    93.82%
Disapproved        2,996,115    votes    equivalent to      0.32%
Abstained       54,139,411    votes    equivalent to      5.85%
Voided Ballot                       0    votes    equivalent to      0.00%

Agenda No. 7    To consider the appointment of the Company's Auditor and to fix the
 Auditor's remuneration for 2020

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 2020 with the auditor's remuneration of
Baht 3,200,000 (Three Million Two Hundred Thousand Baht only) by the following
votes:
Approved     847,746,454    votes    equivalent to    91.63%
    Disapproved      23,247,497    votes    equivalent to      2.51%
    Abstained       54,139,411    votes    equivalent to      5.85%
Voided Ballot                       0    votes    equivalent to      0.00%


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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