The Board of Directors of QL Resources Berhad ("QL") wishes to announce its intention to seek shareholders approval during its forthcoming 24th Annual General Meeting for the following:-
a) Proposed Renewal of Share Buy-Back Authority; and
b) Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature and New Shareholders’ Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature.
The Statement and Circular to Shareholders detailing the abovementioned Proposals will be despatched to the shareholders in due course.
This announcement is dated 27 July 2021.