REPL::Annual General Meeting::Voluntary Page 1 of 2 REPL::ANNUAL - - PDF document

REPL::ANNUAL GENERAL MEETING::VOLUNTARY Issuer & Securities

Issuer/ Manager

VALUETRONICS HOLDINGS LIMITED

Security

VALUETRONICS HOLDINGS LIMITED - BMG9316Y1084 - BN2 Announcement Details

Announcement Title

Annual General Meeting

Date &Time of Broadcast

22-Jul-2019 17:18:10

Status

Replacement

Announcement Reference

SG190705MEET33GJ

Submitted By (Co./ Ind. Name)

Tse Chong Hing

Designation

Chairman and Managing Director

Financial Year End

31/03/2019 Event Narrative

Narrative Type Narrative Text

Additional Text Please see (i) Results of Annual General Meeting ("AGM") and (ii) AGM Presentation Slides attached. Event Dates

Meeting Date and Time

22/07/2019 10:00:00

Response Deadline Date

19/07/2019 10:00:00

Page 1 of 2 REPL::Annual General Meeting::Voluntary 22/7/2019 https://links.sgx.com/1.0.0/corporate-announcements/AUI2KAYL...

Event Venue(s)

Place Venue(s) Venue details

Meeting Venue Level 3, Venus Room I & II, Furama RiverFront, Singapore 405 Havelock Road, Singapore 169633 Attachments

Total size =646K MB

Related Announcements

Related Announcements

05/07/2019 07:27:39 VHL-AGM%20Results-20190722.pdf VHL-FY2019%20AGM%20Presentation%20Slides-22%20July%202019.pdf

Page 2 of 2 REPL::Annual General Meeting::Voluntary 22/7/2019 https://links.sgx.com/1.0.0/corporate-announcements/AUI2KAYL...

VALUETRONICS HOLDINGS LIMITED

(Incorporated in Bermuda on 18 August 2006) (Company Registration Number: 38813)

RESULTS OF ANNUAL GENERAL MEETING The Board of Directors (“Board”) of Valuetronics Holdings Limited (the “Company”) wishes to announce that at the Annual General Meeting ("AGM") of the Company held today, all resolutions set out in the Notice of AGM dated 5 July 2019 were put to vote at the AGM and duly passed by way of poll. I. Poll Results The results of the poll on each of the resolutions put to vote at the AGM are set out below: Resolution number and details Total number of shares represented by votes for and against the relevant resolution For Against Number of shares As a percentage of total number of votes for and against the resolution (%) Number of shares As a percentage of total number of votes for and against the resolution (%) Ordinary Resolution 1 Directors’ Report and Audited Financial Statements for the year ended 31 March 2019 194,072,055 192,788,025 99.34 1,284,030 0.66 Ordinary Resolution 2 Payment of final & special dividends 194,072,055 194,032,055 99.98 40,000 0.02 Ordinary Resolution 3 Re-election of Mr Tse Chong Hing as a Director 118,081,644 116,897,564 99.00 1,184,080 1.00 Ordinary Resolution 4 Re-election of Mr Loo Cheng Guan as a Director(1) 194,072,055 192,441,775 99.16 1,630,280 0.84 Ordinary Resolution 5 Approval of Directors’ fees for FY2020 193,996,055 193,706,055 99.85 290,000 0.15 Ordinary Resolution 6 Re-appointment of PricewaterhouseCoopers as Auditors 194,062,055 193,772,055 99.85 290,000 0.15

Valuetronics Holdings Limited Results of AGM – 22 July 2019 Page 2

Resolution number and details Total number of shares represented by votes for and against the relevant resolution For Against Number of shares As a percentage of total number of votes for and against the resolution (%) Number of shares As a percentage of total number of votes for and against the resolution (%) Ordinary Resolution 7 Authority to allot and issue new shares 192,540,856 133,761,832 69.47 58,779,024 30.53 Ordinary Resolution 8 Authority to allot and issue new shares under the Valuetronics Employees Share Option Scheme & Valuetronics Performance Share Plan 193,981,865 128,030,181 66.00 65,951,684 34.00 Ordinary Resolution 9 Renewal of Share Buyback Mandate 194,063,765 136,491,591 70.33 57,572,174 29.67

Note:

(1)

Mr Loo Cheng Guan (“Mr Loo”), who was re-elected as a Director of the Company at the AGM, remains as Chairman

• f the Nominating Committee and, a member of the Audit and Remuneration Committees. The Board considers Mr

Loo to be independent for the purposes of Rule 704(8) of the Listing Manual of Singapore Exchange Securities Trading Limited.

II. Abstention from voting (a) No party was required to abstain from voting on any of the above-mentioned resolutions. (b) For good corporate governance, the following Director had voluntarily abstained from voting on Ordinary Resolution 3: Name of Director/Shareholder Number of Shares Held Tse Chong Hing 75,990,411 III. Scrutineer Ardent Business Advisory Pte. Ltd. was appointed as scrutineer for the AGM. By Order of the Board Tse Chong Hing Chairman & Managing Director 22 July 2019

Annual General Meeting FY2019

Note: This presentation is to be read in conjunction with the announcement issued on SGXNET on 29 May 2019.

1

22 July 2019

Annual General Meeting FY2019

2

Important Notice: This presentation contains forward-looking statements which can be identified by the context of the statement and generally arise when the Company is discussing its beliefs, estimates or expectations. Such statements may include comments on industry, business or market trends, projections, forecasts, and plans and objectives of management for future operations and operating and financial performance, as well as any related assumptions. Readers of this presentation should understand that these statements are not historical facts or guarantees of future performance but instead represent only the Company’s belief at the time the statements were made regarding future events, which are subject to significant risks, uncertainties and other factors, many of which are outside of the Company’s control. Actual results and outcomes may differ materially from what is expressed or implied in such forward-looking statements. The Company cautions readers not to place undue reliance on any forward-looking statements included in this presentation, which speak only as of the date made; and should any of the events anticipated by the forward-looking statements transpire or occur, the Company makes no assurances on what benefits, if any, the Company will derive therefrom.

FY2019 Financial Highlights

3

Financial Highlights

HK$’M FY19 FY18 % Change

Revenue 2,828.8 2,853.7

• 0.9

Gross Profit 430.3 414.6 3.8 Gross Profit Margin 15.2% 14.5% 0.7% pt Net Profit for the year 199.5 204.7

• 2.6

Net Profit Margin 7.1% 7.2%

• 0.1% pt

4

Revenue Contribution 41.1% 58.9%

FY19

HK $1,668M HK $1,161M

49.0% 51.0%

FY18

HK $1,456M HK $1,398M Industrial and Commercial Electronics Consumer Electronics

5

Revenue Trend

1,653.3 1,473.0 824.6 987.1 1,398.1 1,161.2 780.0 956.3 1,128.3 1,287.8 1,455.6 1,667.6

• 100.0

400.0 900.0 1,400.0 1,900.0 2,400.0 2,900.0 FY14 FY15 FY16 FY17 FY18 FY19 Consumer Electronics Industrial & Commercial Electronics

2,429.3

HK$’ M

2,433.3 1,952.9 2,274.9 2,853.7 2,828.8

6

Earnings Per Share & Dividends Per Share

HK cents

Share Price* (S$)

0.21 0.07 0.15 0.21 0.21 0.19 0.30 0.43 0.41 0.68 1.08 0.68

Dividend Payout

30% 30% 42% 41% 47% 37% 49% 50% 63% 55% * 57% 54% * Adjusted for 1:10 bonus issue completed on Jun 2017

We are committed to formal dividend policy of 30-50% payout ratio FY19: interim dividend of 5 HK cents, final dividend of 15 HK cents & special dividend of 5 HK cents Interim Dividend 23.2 13.6 15.2 31.1 33.2 19.9 36.9 36.4 29.0 36.8 48.1 46.2 7.8 4.5 7.0 14.0 17.0 8.0 20.0 20.0 20.0 20.0 27.0 25.0 6.1% 11.8% 7.7% 9.8% 11.9% 6.0% 9.8% 5.3%* 4.2% 6.3%

0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 50.0 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17# FY18 FY19

EPS * Dividend per share Dividend Yield

# Quantum of dividend has increased by 10% under 1:10 bonus issue

7.7% 7.5%

# Quantum of dividend has increased by 10% under 1:10 bonus issue

7 Investor Relations Contact: Name: Ms Candy Soh Name: Mr Gerald Woon Email: candysoh@cogentcomms.com Email: woon@cogentcomms.com Tel: + 65 6704 9288