Annual Report 2020

As Special Business: To consider and if thought fit, pass the following resolutions:- 9. Authority to Directors to allot and issue shares pursuant to Section 75 and Section 76 of the Companies Act 2016 “THAT pursuant to Section 75 and Section 76 of the Companies Act 2016, and subject to the approval of all relevant authorities being obtained, the Directors be and are hereby empowered to issue shares in the Company at any time 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 issued pursuant to this resolution does not exceed 10% of the total number of issued shares of the Company for the time being and that the Directors be and are also empowered to obtain the approval for the listing of and quotation for the additional shares so issued on the Bursa Malaysia Securities Berhad and that such authority shall continue in force until the conclusion of the next annual general meeting of the Company.” Ordinary Resolution 11 10. Proposed bonus issue of up to 811,219,129 new ordinary shares in QL (“Bonus Share(s)”) on the basis of 1 Bonus Share for every 2 existing ordinary shares in QL held on an entitlement date to be determined and announced later (“Proposed Bonus Issue”) “THAT, subject to the approvals of all relevant regulatory authorities and/or parties (where applicable) being obtained, authority be and is hereby given to the Board of Directors of the Company (“Board”) to allot and issue up to 811,219,129 Bonus Shares on the basis of 1 Bonus Share for every 2 existing ordinary shares in QL (“QL Shares”) held by the entitled shareholders whose names appear in the Record of Depositors of the Company as at the close of business on the entitlement date to be determined and announced later; THAT fractional entitlements arising from the Proposed Bonus Issue, if any, will be disregarded, and/or dealt with by the Board in such manner as it may in its absolute discretion deem fit or expedient and in the best interest of the Company; THAT the Bonus Shares shall, upon allotment and issuance, rank pari passu in all respects with the existing QL Shares, save and except that the Bonus Shares so issued will not be entitled to any dividends, rights, allotments and/or other distributions that may be declared, made or paid where the entitlement date precedes the date of allotment of the Bonus Shares; AND THAT the Board be and is hereby authorised to sign and execute all documents to give effect to the Proposed Bonus Issue with full powers to assent to any conditions, modifications, variations and/or amendments in any manner as may be required by the relevant authorities and to deal with all matters relating thereto and to take all such steps and do all acts and things in any manner as they may deem necessary or expedient to implement, finalise and give full effect to the Proposed Bonus Issue.” OrdinaryResolution12 Annual Report | 2020 QL Resources Berhad 232 Notice of Annual General Meeting