Listed Companies' Announcement
NH CERAMICS LTD
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING
Pursuant to Rule 704(14) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board of Directors of NH Ceramics Ltd (the "Company") wishes to announce that the following ordinary resolutions put to the Annual General Meeting of the Company held on 24 November 2003 were duly passed:-
1. That the accounts for the year ended 30 June 2003 together with the Directors' and Auditors' Reports thereon as published and circulated to all members and now submitted to this meeting be and are hereby received and adopted.
2. That a sum of S$49,333.34 be approved for payment as Directors' Fees for the year ended 30 June 2003.
3. That Mr Stephen Tay Chye Heng retired in accordance with Article 94 of the Company's Articles of Association, but being eligible and offering himself for re-election, be and is hereby re-elected as Director of the Company.
4. That Mr Robbie Ooi Seng Soon retired in accordance with Article 94 of the Company's Articles of Association, but being eligible and offering himself for re-election, be and is hereby re-elected as Director of the Company.
5. That Ernst & Young be and are hereby re-appointed as auditors of the Company to hold office until the conclusion of the next annual general meeting and that the Directors be authorised to fix their remuneration.
6. Special Business
6.1 Authority to Issue Shares
"That pursuant to Section 161 of the Companies Act, Cap. 50 and the listing rules of the Singapore Exchange Securities Trading Limited, authority be and is hereby given to the Directors of the Company to allot and issue shares in the Company at any time to such persons and upon such terms and conditions and for such purposes as the Directors may in their absolute discretion deem fit, provided that the aggregate number of shares to be issued pursuant to this resolution does not exceed 50 per cent of the issued share capital of the Company, of which the aggregate number of shares to be issued other than on a pro rata basis to existing shareholders of the Company does not exceed 20 per cent of the issued share capital of the Company, and for the purpose of this resolution, the issued share capital shall be the Company's issued share capital at the time this resolution is passed (after adjusting for any subsequent consolidation or subdivision of the Company's shares), and unless revoked or varied by the Company in general meeting, such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company or the date by which the next Annual General Meeting of the Company is required by law to be held, whichever is the earlier."
BY ORDER OF THE BOARD
Submitted by Louis Pang Nghee Thiam, Company Secretary on 24/11/2003 to the SGX