AwanBiru Technology Berhad - Annual Report 2021

11. ORDINARY RESOLUTION NO. 3 RETENTION OF INDEPENDENT NON-EXECUTIVE DIRECTOR “ THAT Mr. Chan Wan Siew who has served as an Independent Non- Executive Director of the Company for a cumulative term of more than nine (9) years be and is hereby retained as an Independent Non-Executive Director of the Company.” 12. ORDINARY RESOLUTION NO. 4 PROPOSED ALLOCATION OF LONG TERM INCENTIVE PLAN (“LTIP”) AWARDS TO ENCIK SYED NAQIZ SHAHABUDDIN BIN SYED ABDUL JABBAR “ THAT pursuant to the establishment of the LTIP for the eligible Directors and employees of the Company and its subsidiaries companies, which are not dormant, who fulfil the conditions of eligibility for participation in the LTIP as approved by the shareholders at the Extraordinary General Meeting held on 15 September 2020 and subject to the approval of all the relevant regulatory authorities (where applicable), the Directors of the Company be and are hereby empowered to authorise the LTIP Committee, from time to time throughout the duration of the LTIP, to offer and grant Encik Syed Naqiz Shahabuddin bin Syed Abdul Jabbar, the Independent Non-Executive Chairman of the Company, Employees Share Option Scheme (“ ESOS ”) Options and/ or ordinary shares of the Company pursuant to the Share Grant Plan (“ SGP ”) under the LTIP. Provided always that:- i. he does not participate in the deliberation or discussion of his own allocation; ii. not more than 10% of the new ordinary shares of the Company which may be made available under the LTIP shall be allocated to him, if he, either singly or collectively through persons connected to him, holds 20% or more of the issued shares of the Company; and iii. subject always to such terms and conditions and/or any adjustments which may be made in accordance with the provisions of the By-Laws, the Bursa Malaysia Securities Berhad (“ Bursa Securities ”) Main Market Listing Requirements, or any prevailing guidelines issued by Bursa Securities or any other relevant authority, as amended from time to time; AND THAT authority be and is hereby given to the Directors of the Company to issue and/or transfer via treasury shares the corresponding number of ordinary shares of the Company arising from the exercise of the ESOS Options and/ or pursuant to the SGP Award that may be awarded to him under the LTIP.” (Resolution 13) (Resolution 14) Accountability | Awantec Annual Report 2021 249