Powermatic Data Systems Shareholders Approve All Resolutions at 37th AGM

SGX Filings
Jul 23

Powermatic Data Systems Limited reported that all motions tabled at its Thirty-Seventh Annual General Meeting, held on Jul, 23 2026, were passed by shareholders on a poll vote.

The meeting endorsed the company’s fiscal 2026 audited financial statements, an ordinary final one-tier tax-exempt dividend, and a special one-tier tax-exempt dividend, each garnering 100.00 percent support from the 24.01 million shares voted.

Shareholders also re-elected three directors. Mr Tan Chao Hsiung David was returned with 99.86 percent of votes cast (23.93 million shares in favour, 33,000 against), while Mr Tang Wai Loong Kenneth secured 99.86 percent approval (23.97 million shares in favour, 33,000 against). Mr Teo Thiam Chye Eric was re-elected unopposed with 100.00 percent support.

Directors’ fees of 0.11 million Singapore dollars for the year ended Mar, 31 2026 were approved unanimously, and RSM SG Assurance LLP was re-appointed as independent auditor with full support.

Under special business, shareholders authorised the directors to issue new shares, with 99.68 percent backing, and to grant awards under the Powermatic Data Systems Executives’ Share Award Scheme 2023, approved by 99.81 percent of votes.

Following the meeting, Mr Tan continues as Non-Executive Non-Independent Director and member of the board committees, Mr Tang remains Lead Independent Director and committee chairman of the Nominating Committee, and Mr Teo continues as Independent Director and chairman of the Audit and Risk Management Committee.

CNP Business Advisory Pte. Ltd. acted as the independent scrutineer for the poll.

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