syarikat takaful malaysia berhad · syarikat takaful malaysia keluarga berhad), syarikat takaful...

184
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action you should take, you should consult your stockbroker, solicitor, accountant, banker or other professional adviser immediately. Bursa Malaysia Securities Berhad (“Bursa Securities”) has not perused the contents of this Circular prior to its issuance as it is an Exempt Circular pursuant to Practice Note 18 of the Main Market Listing Requirements of Bursa Securities. Bursa Securities takes no responsibility for the contents of this Circular, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Circular. SYARIKAT TAKAFUL MALAYSIA BERHAD (Company No.: 131646-K) (Incorporated in Malaysia) CIRCULAR TO SHAREHOLDERS in relation to PROPOSED CHANGE OF NAME OF THE COMPANY FROM SYARIKAT TAKAFUL MALAYSIA BERHADTO “SYARIKAT TAKAFUL MALAYSIA KELUARGA BERHAD” AND PROPOSED AMENDMENTS TO THE COMPANY’S CONSTITUTION The Special Resolutions in respect of the above Proposals will be tabled at the Extraordinary General Meeting (“EGM”) to be held at Dewan Ahmad Mohamed Ibrahim, 5 th Floor, Annexe Block, Menara Takaful Malaysia, No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur on Thursday, 24 May 2018 at 2:30 p.m. The Notice of the EGM together with the Form of Proxy are enclosed in this Circular. In the event that you wish to appoint a proxy, please complete, sign and return the Form of Proxy and lodge at the Office of the Share Registrar of the Company, Symphony Share Registrars Sdn. Bhd. (378993-D), Level 6, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor no later than twenty-four (24) hours before the time stipulated for holding the EGM. The lodging of the Form of Proxy will not preclude you from attending and voting at the EGM should you subsequently wish to do so. Last date and time for lodging the Form of Proxy : Wednesday, 23 May 2018 at 2:30 p.m. This Circular is dated 2 May 2018

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Page 1: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.

If you are in any doubt as to the course of action you should take, you should consult your stockbroker, solicitor,accountant, banker or other professional adviser immediately.

Bursa Malaysia Securities Berhad (“Bursa Securities”) has not perused the contents of this Circular prior to its issuance as it is an Exempt Circular pursuant to Practice Note 18 of the Main Market Listing Requirements of Bursa Securities.

Bursa Securities takes no responsibility for the contents of this Circular, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Circular.

SYARIKAT TAKAFUL MALAYSIA BERHAD (Company No.: 131646-K)(Incorporated in Malaysia)

CIRCULAR TO SHAREHOLDERS

in relation to

PROPOSED CHANGE OF NAME OF THE COMPANY FROM “SYARIKAT TAKAFUL MALAYSIA BERHAD”

TO“SYARIKAT TAKAFUL MALAYSIA KELUARGA BERHAD”

AND

PROPOSED AMENDMENTS TO THE COMPANY’S CONSTITUTION

The Special Resolutions in respect of the above Proposals will be tabled at the Extraordinary General Meeting(“EGM”) to be held at Dewan Ahmad Mohamed Ibrahim, 5th Floor, Annexe Block, Menara Takaful Malaysia, No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur on Thursday, 24 May 2018 at 2:30 p.m. The Notice of the EGM together with the Form of Proxy are enclosed in this Circular.

In the event that you wish to appoint a proxy, please complete, sign and return the Form of Proxy and lodge at the Office of the Share Registrar of the Company, Symphony Share Registrars Sdn. Bhd. (378993-D), Level 6, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor no later than twenty-four (24) hours before the time stipulated for holding the EGM. The lodging of the Form of Proxy will not preclude you from attending and voting at the EGM should you subsequently wish to do so.

Last date and time for lodging the Form of Proxy : Wednesday, 23 May 2018 at 2:30 p.m.

This Circular is dated 2 May 2018

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I

DEFINITIONS Except where the context otherwise requires, the following definitions shall apply throughout this Circular:

“Act” : Companies Act 2016, as amended from time to time and any re- enactment thereof

“BHB” : BIMB Holdings Berhad (423858-X), a Major Shareholder of Takaful Malaysia

holding an equity interest of 59.64% in the Company as at 24 April 2018

“BIMB” : Bank Islam Malaysia Berhad (98127-X), a 100% owned subsidiary of BHB

“BIMB Group” : BIMB and its subsidiary companies

“BNM” : Bank Negara Malaysia

“Board” : Board of Directors of Takaful Malaysia

“Bursa Securities” : Bursa Malaysia Securities Berhad (635998-W)

“CCM”

: Companies Commission of Malaysia

“CMSA” : Capital Markets and Services Act 2007

“Constitution” : The Constitution of the Company

“Depository” : Bursa Malaysia Depository Sdn. Bhd.

“Director” : Has the meaning given in Section 2(1) of the CMSA and includes any person who is or was within the preceding six (6) months of the date on which the terms of the transaction were agreed upon,

i) a Director of the listed issuer, its subsidiary or holding company; or ii) a chief executive of the listed issuer, its subsidiary or holding company; and iii) in relation to a SPAC, a member of the SPAC’s management team.

“EGM” : Extraordinary General Meeting

“Listing Requirements” : Main Market Listing Requirements of Bursa Securities

“LTH”

: Lembaga Tabung Haji, a major shareholder of BHB

“Major Shareholder” : A person who has an interest or interests in one (1) or more voting shares in a corporation and the nominal amount of that share, or the aggregate of the nominal amounts of those shares, is

(a) 10% or more of the aggregate of the nominal amounts of all the voting shares in the corporation; or

(b) 5% or more of the aggregate of the nominal amounts of all the voting shares in the corporation where such person is the largest shareholder of the corporation

For the purpose of this definition, “interest in shares” has the meaning given in Section 8 of the Act

This includes any person who is or was within the preceding six (6) months of the date on which the terms of the transaction were agreed upon, a Major Shareholder of the Company as defined above, or any other company which is its subsidiary or holding company

I

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I II

“Proposals” : Proposed Change of Name and Proposed Amendments

“Proposed Change of Name”

: Proposed Change of Name of the Company from “Syarikat Takaful Malaysia Berhad” to “Syarikat Takaful Malaysia Keluarga Berhad”

“Proposed Amendments”

: Proposed Amendments of the existing Constitution of the Company

“Special Resolution” : The special resolution for each of the Proposals and “Special Resolutions” shall be construed accordingly

“Takaful Malaysia” or “the Company”

: Syarikat Takaful Malaysia Berhad (131646-K)

“Takaful Malaysia Group” or “Group”

: Takaful Malaysia and its subsidiary companies

The remaining section of this page is intentionally left blank

II

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III

CONTENTS LETTER TO SHAREHOLDERS OF TAKAFUL MALAYSIA CONTAINING:- PAGE 1. INTRODUCTION 1 2. DETAILS OF THE PROPOSALS 2 3. RATIONALE OF THE PROPOSALS 2 4. EFFECT OF THE PROPOSALS 2 5. APPROVALS REQUIRED 3 6. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED TO

THEM 3

7. DIRECTORS’ RECOMMENDATION 3 8. EGM 3 9. DIRECTORS’ RESPONSIBILITY STATEMENT 3 10. MATERIAL CONTRACT 3 11. MATERIAL LITIGATION 4 12. DOCUMENTS AVAILABLE FOR INSPECTION 4 APPENDICES APPENDIX I – PROPOSED AMENDMENTS TO THE EXISTING CONSTITUTION OF THE

COMPANY

APPENDIX II – THE CONSTITUTION OF THE COMPANY INCOROPORATING THE

PROPOSED AMENDMENTS

NOTICE OF THE EGM ENCLOSED FORM OF PROXY FOR THE EGM ENCLOSED

III

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III 1

SYARIKAT TAKAFUL MALAYSIA BERHAD (Company No: 131646-K)(Incorporated in Malaysia)

Registered office:

Tingkat 26, Blok Annex Menara Takaful Malaysia No. 4, Jalan Sultan Sulaiman 50000 Kuala Lumpur

2 May 2018 Board of Directors:

Tan Sri Dato’Ahmad Fuzi Haji Abdul Razak (Independent Non-Executive Chairman) Datuk Rozaida Omar (Non-Independent Non-Executive Director) Mahadzir Azizan (Non-Independent Non-Executive Director) Dato’ Othman Abdullah (Senior Independent Non-Executive Director) Zakaria Ismail (Independent Non-Executive Director) Mohd Tarmidzi Ahmad Nordin (Non-Independent Non-Executive Director) Datin Sri Azlin Arshad (Independent Non-Executive Director)

To: The Shareholders of Syarikat Takaful Malaysia Berhad

Dear Sir / Madam,

PROPOSED CHANGE OF NAME OF THE COMPANY FROM “SYARIKAT TAKAFUL MALAYSIA BERHAD” TO “SYARIKAT TAKAFUL MALAYSIA KELUARGA BERHAD”; AND

PROPOSED AMENDMENTS TO THE COMPANY’S CONSTITUTION

1. INTRODUCTION

On 24 April 2018, the Company had announced to Bursa Securities that the Company proposes to seek theapproval from its shareholders at the forthcoming EGM of the Company for the following proposals:-

(i) Proposed Change of name of the Company from “Syarikat Takaful Malaysia Berhad” to “Syarikat Takaful Malaysia Keluarga Berhad” (“Proposed Change of Name”); and

(ii) Proposed Amendments to the Company’s Constitution (“Proposed Amendments”).

Collectively referred to as the Proposals.

The purpose of this Circular is to provide you with the information on the Proposals and to seek your approval for the Special Resolutions pertaining to the Proposals to be tabled at the forthcoming EGM. The Notice of EGM and the Form of Proxy are enclosed in this Circular.

SHAREHOLDERS ARE ADVISED TO READ AND CAREFULLY CONSIDER THE CONTENT OF THIS CIRCULAR BEFORE VOTING ON THE SPECIAL RESOLUTIONS PERTAINING TO THE PROPOSALS AT THE FORTHCOMING EGM.

1

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2

2. DETAILS OF THE PROPOSALS

2.1 Proposed Change of Name

The Proposed Change of Name is pursuant to the proposed reorganisation of the Company involving theconversion of the composite licence to single licences for the Company’s family takaful business and generaltakaful business as required under Sections 16(1) and 286 of the Islamic Financial Services Act 2013(“IFSA”) (“Proposed Reorganisation”).

As announced to Bursa Securities on 10 August 2017, pursuant to Section 10(5) of the IFSA, the Minister ofFinance has made the following decisions in principle:(a) pursuant to Section 10(4) of the IFSA, the granting of:

a family takaful business licence to Takaful Malaysia under its new name, Syarikat Takaful MalaysiaKeluarga Berhad; and

a general takaful business licence to a new company (which will be a wholly-owned subsidiary ofSyarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad,

subject to the operational and system readiness of the single licensees upon completion of the Scheme of Transfer where a new family takaful business licence certificate will be issued to Syarikat Takaful Malaysia Keluarga Berhad and a new general takaful business licence certificate will be issued to Syarikat Takaful Malaysia Am Berhad respectively, in exchange for the current composite takaful licence certificate.

Subsequent announcements were made to Bursa Securities on the progress of the Proposed Reorganisation on13 September 2017, 25 January 2018 and 20 March 2018.

2.2 Proposed Amendments

The Proposed Amendments are set out in Appendix I of this Circular whereas the Constitution of the Company incorporating the Proposed Amendments is set out in Appendix II of this Circular.

3. RATIONALE OF THE PROPOSALS

3.1 Proposed Change of Name

The Proposed Change of Name is to reflect that the Company will carry out the family takaful business andthe wholly-owned subsidiary, Syarikat Takaful Malaysia Am Berhad, will carry out the general takafulbusiness following the split of the Company’s composite family and general takaful business into two distinctbusinesses.

3.2 Proposed Amendments

The Proposed Amendments are to streamline the Constitution of the Company with the Act which came into force on 31 January 2017, the updated provisions of the Listing Requirements, BNM’s guidelines and other prevailing statutory and regulatory requirements as well as to render clarity and consistency throughout the Constitution.

4. EFFECT OF THE PROPOSALS

4.1 Proposed Change of Name

The Proposed Change of Name will not have any effect on the share capital of the Company and shall nothave any material effect on the earnings per share, net assets per share and gearing of the Company.

4.2 Proposed Amendments

The Proposed Amendments will not have any effect on the share capital, earnings per share, net assets pershare, gearing and substantial shareholders’ shareholdings of the Company.

2

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2 3

5. APPROVALS REQUIRED 5.1 Proposed Change of Name

The Proposed Change of Name is subject to the following approvals:- (i) Bank Negara Malaysia/Minister of Finance, the approval of which has been obtained on 7 August 2017;

and (ii) Shareholders of the Company at the forthcoming EGM. The use of the proposed name of “Syarikat Takaful Malaysia Keluarga Berhad” was approved and reserved by the CCM on 12 April 2018 and the reservation of the name is valid for a period of thirty (30) days up to 11 May 2018 (“Validity Period”). Subsequently, the Validity Period was extended by the CCM to 11 June 2018 (which may be further extended by the CCM). The Proposed Change of Name, if approved by the Shareholders will take effect from the date of issuance of the Notice of Registration of New Name by the CCM to the Company.

5.2 Proposed Amendments

The Proposed Amendments are conditional upon the approval of the Shareholders of the Company at the forthcoming EGM.

6. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED TO

THEM

None of the Directors and Major Shareholders and persons connected to them have any interest, direct or indirect in the Proposals.

7. DIRECTORS’ RECOMMENDATION

The Directors of the Company, having considered all aspects of the Proposed Change of Name and Proposed Amendments are of the opinion that the Proposals are in the best interest of the Company and its Shareholders, and hereby recommends that you vote in favour of the Special Resolutions pertaining to the Proposed Change of Name and Proposed Amendments to be tabled at the forthcoming EGM.

8. EGM

The EGM of the Company, the Notice of which is enclosed in this Circular, will be held at Dewan Ahmad Mohamed Ibrahim, 5th Floor, Annexe Block, Menara Takaful Malaysia, No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur on Thursday, 24 May 2018 at 2:30 p.m., for the purpose of considering and if thought fit, passing the Special Resolutions to give effect to the Proposed Change of Name and Proposed Amendments. If you are unable to attend and vote at the EGM in person, you are requested to complete, sign and return the Form of Proxy (as enclosed in this Circular) in accordance with the instructions contained therein so as to arrive at the Office of the Share Registrar of the Company, Symphony Share Registrars Sdn. Bhd. (378993-D), Level 6, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor not less than twenty-four (24) hours before the time and date of the EGM. The lodging of the Form of Proxy will not, however, preclude you from attending and voting at the EGM should you subsequently wish to do so.

9. DIRECTORS’ RESPONSIBILITY STATEMENT

This Circular has been seen and approved by the Board of the Company who collectively and individually accept full responsibility for the accuracy of the information given in this Circular and confirm that after making all reasonable enquiries and to the best of their knowledge and belief, there are no facts, the omission of which would make any statement herein misleading.

10. MATERIAL CONTRACT

There are no material contracts, not being contracts entered into in the ordinary course of business, which have been entered into by the Company or its subsidiary companies within the past two (2) years preceding the date of this Circular.

3

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4

11. MATERIAL LITIGATION

Neither the Company nor any of its subsidiaries is engaged in any material litigation, claims and/or arbitration and/or any other similar proceedings, either as plaintiff or defendant, and the Directors of the Company are not aware of any proceedings, arbitration or claims pending or threatened against the Company or any of its subsidiaries or of any facts likely to give rise to any proceeding which might materially and adversely affect the financial position or the business of the Company or any of its subsidiaries.

12. DOCUMENTS AVAILABLE FOR INSPECTION

Copies of the following documents will be made available for inspection during normal business hours on

any working days (except public holidays) at the Registered Office of the Company at Tingkat 26, Blok Annex, Menara Takaful Malaysia, No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur from the date of this Circular up to and including the date of EGM:-

(i) the existing Constitution of the Company; (ii) Audited financial statements of the Company for the financial years ended 31 December 2016 and 31

December 2017;

(iii) Proposed Amendments to the existing Constitution of the Company attached as Appendix I of this Circular; and

(iv) The Constitution of the Company incorporating the Proposed Amendments attached as Appendix II of

this Circular.

Yours faithfully, For and on behalf of the Board of Directors of SYARIKAT TAKAFUL MALAYSIA BERHAD (Company No.: 131646-K) TAN SRI DATO’AHMAD FUZI HAJI ABDUL RAZAK Chairman

4

Page 9: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

4 5

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APP

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IX I

Page 10: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

6

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othe

rwis

e w

ith

any

pers

on

or

com

pany

ca

rryi

ng

on

or

enga

ged

in,

any

busi

ness

an

d tra

nsac

tion

whi

ch th

is C

ompa

ny is

aut

horiz

ed to

car

ry o

n or

en

gage

in,

or

any

busi

ness

or

trans

actio

n ca

pabl

e of

bei

ng

cond

ucte

d so

as d

irect

ly to

ben

efit

this

Com

pany

.

(4)

To a

cqui

re a

nd u

nder

take

the

who

le o

r any

par

t of t

he

busi

ness

, pro

perty

and

lia

bilit

ies

of a

ny p

erso

n or

com

pany

ca

rryi

ng o

n an

y bu

sine

ss w

hich

this

Com

pany

is

auth

oris

ed

to c

arry

on,

or p

osse

ssed

of p

rope

rty s

uita

ble

fort

he p

urpo

se

of th

e C

ompa

ny.

Page 11: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

6 7

3

Old

No.

O

rigi

nal C

laus

e N

ew N

o.

Prop

osed

Am

endm

ent

(5)

To ta

ke o

r ot

herw

ise

acqu

ire, h

old

and

disp

ose

of s

hare

s or

sto

ck in

any

oth

er c

ompa

ny h

avin

g ob

ject

s al

toge

ther

or i

n pa

rt si

mila

r to

thos

e of

this

Com

pany

or

carr

ying

on

any

busi

ness

cap

able

of

bein

g co

nduc

ted

so

as d

irect

ly o

r ind

irect

ly to

ben

efit

this

Com

pany

. (6

) To

pur

chas

e, ta

ke o

n le

ase

or in

exc

hang

e, h

ire

or o

ther

wis

e ac

quire

, an

y im

mov

able

or

mov

able

, re

al

and

pers

onal

pro

perty

and

any

righ

ts o

r priv

ilege

s w

hich

th

e C

ompa

ny m

ay th

ink

nece

ssar

y or

con

veni

ent f

or th

e pu

rpos

es o

f its

bus

ines

s or

whi

ch m

ay e

nhan

ce th

e va

lue

of a

ny o

ther

pro

perty

of t

he C

ompa

ny.

(7)

To

sell,

im

prov

e,

deve

lop,

ex

chan

ge

leas

e,

mor

tgag

e,

char

ge,

disp

ose

of,

turn

to

ac

coun

t, or

ot

herw

ise

deal

with

, all

or a

ny p

art o

f th

e pr

oper

ty a

nd

right

s of t

he C

ompa

ny.

(8)

To d

o al

l kin

ds o

f gua

rant

ee b

usin

ess

whi

ch th

is C

ompa

ny is

aut

horis

ed to

car

ry o

n.

(9)

To e

stab

lish

or p

rom

ote,

any

lim

ited

com

pany

or

com

pani

es fo

r the

pur

pose

of a

cqui

ring

all o

r any

of t

he

prop

erty

, rig

hts

and

liabi

litie

s at

thi

s C

ompa

ny,

or f

or

any

othe

r w

hich

m

ay

seem

di

rect

ly

or

indi

rect

ly

calc

ulat

ed to

ben

efit

this

Com

pany

. (1

0)

To in

vest

dea

l with

the

mon

eys

of th

e C

ompa

ny

not

imm

edia

tely

req

uire

d in

suc

h m

anne

r as

may

fro

m

time

to

time

be

dete

rmin

ed

and

in

parti

cula

r in

pu

rcha

sing

, ot

herw

ise

acqu

iring

and

hol

ding

sha

res

in

(5)

To t

ake

or o

ther

wis

e ac

quire

, ho

ld a

nd d

ispo

se o

f sh

ares

or

st

ock

in

any

othe

r co

mpa

ny

havi

ng

obje

cts

alto

geth

er o

r in

par

t si

mila

r to

tho

se o

f th

is C

ompa

ny o

r ca

rryi

ng o

n an

y bu

sine

ss c

apab

le o

f be

ing

cond

ucte

d so

as

dire

ctly

or i

ndire

ctly

to b

enef

it th

is C

ompa

ny.

(6)

To p

urch

ase,

tak

e on

lea

se o

r in

exc

hang

e, h

ire o

r ot

herw

ise

acqu

ire,

any

imm

ovab

le o

r m

ovab

le,

real

and

pe

rson

al p

rope

rty a

nd a

ny r

ight

s or

priv

ilege

s w

hich

the

C

ompa

ny m

ay th

ink

nece

ssar

y or

con

veni

ent f

or th

e pu

rpos

es

of it

s bu

sine

ss o

r w

hich

may

enh

ance

the

valu

e of

any

oth

er

prop

erty

of t

he C

ompa

ny.

(7)

To s

ell,

impr

ove,

dev

elop

, exc

hang

e le

ase,

mor

tgag

e,

char

ge, d

ispo

se o

f, tu

rn to

acc

ount

, or o

ther

wis

e de

al w

ith, a

ll or

any

par

t of t

he p

rope

rty a

nd ri

ghts

of t

he C

ompa

ny.

(8)

To d

o al

l ki

nds

of g

uara

ntee

bus

ines

s w

hich

thi

s C

ompa

ny is

aut

horis

ed to

car

ry o

n.

(9)

To e

stab

lish

or p

rom

ote,

any

lim

ited

com

pany

or

com

pani

es f

or t

he p

urpo

se o

f ac

quiri

ng a

ll or

any

of

the

prop

erty

, rig

hts

and

liabi

litie

s at

thi

s C

ompa

ny,

or f

or a

ny

othe

r w

hich

may

see

m d

irect

ly o

r in

dire

ctly

cal

cula

ted

to

bene

fit th

is C

ompa

ny.

(10)

To

inve

st d

eal w

ith th

e m

oney

s of

the

Com

pany

not

im

med

iate

ly r

equi

red

in s

uch

man

ner

as m

ay f

rom

tim

e to

tim

e be

det

erm

ined

and

in p

artic

ular

in p

urch

asin

g, o

ther

wis

e ac

quiri

ng a

nd h

oldi

ng s

hare

s in

any

Com

pany

, cor

pora

tion,

Page 12: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

8

4

Old

No.

O

rigi

nal C

laus

e N

ew N

o.

Prop

osed

Am

endm

ent

any

Com

pany

, cor

pora

tion,

ass

ocia

tion

or so

ciet

y.

(11)

To

lend

or

adva

nce

mon

ey to

any

per

son,

firm

, co

mpa

ny o

r cor

pora

tion

and

on s

uch

term

s as

may

see

m

expe

dien

t. (1

2)

To e

nter

into

con

tract

s for

the

purc

hase

, sal

e an

d ad

min

istra

tion

of r

eal

and

pers

onal

est

ate

or p

rope

rty

and

to a

rran

ge f

inan

cing

with

or

with

out

secu

rity

in

conn

ectio

n th

erew

ith.

(13)

To

am

alga

mat

e w

ith a

ny o

ther

com

pany

hav

ing

obje

cts

alto

geth

er o

r in

par

ts s

imila

r to

the

se o

f th

is

Com

pany

. (1

4)

To c

onst

ruct

, m

aint

ain,

and

alte

r an

y bu

ildin

g ne

cess

ary

or

conv

enie

nt

for

the

purp

oses

of

th

e C

ompa

ny.

(15)

To

bor

row

, ra

ise

or t

ake

up m

oney

in

such

m

anne

r as

the

Com

pany

sha

ll th

ink

fit, a

nd to

sec

ure

the

paym

ent

of a

ny m

oney

bor

row

ed,

rais

ed o

r ow

ing

by

mor

tgag

e, c

harg

e or

lien

upo

n al

l or a

ny o

f the

pro

perty

or

ass

ets

of t

he C

ompa

ny (

both

pre

sent

and

fut

ure)

in

clud

ing

its u

ncal

led

capi

tal,

and

also

by

a si

mila

r m

ortg

age,

cha

rge:

or

lien

to s

ecur

e an

d gu

aran

tee

the

perf

orm

ance

by

the

Com

pany

or,

any

othe

r pe

rson

or

com

pany

of

any

oblig

atio

n un

derta

ken

by th

e C

ompa

ny

or a

ny o

ther

per

son

or c

ompa

ny a

s the

cas

e m

ay b

e.

asso

ciat

ion

or so

ciet

y.

(11)

To

len

d or

adv

ance

mon

ey t

o an

y pe

rson

, fir

m,

com

pany

or

corp

orat

ion

and

on s

uch

term

s as

may

see

m

expe

dien

t. (1

2)

To e

nter

int

o co

ntra

cts

for

the

purc

hase

, sa

le a

nd

adm

inis

tratio

n of

rea

l and

per

sona

l est

ate

or p

rope

rty a

nd to

ar

rang

e fin

anci

ng w

ith o

r w

ithou

t se

curit

y in

con

nect

ion

ther

ewith

. (1

3)

To a

mal

gam

ate

with

any

oth

er c

ompa

ny h

avin

g ob

ject

s al

toge

ther

or

in

pa

rts

sim

ilar

to

thes

e of

th

is C

ompa

ny.

(14)

To

co

nstru

ct,

mai

ntai

n,

and

alte

r an

y bu

ildin

g ne

cess

ary

or c

onve

nien

t for

the

purp

oses

of t

he C

ompa

ny.

(15)

To

bor

row

, rai

se o

r tak

e up

mon

ey in

suc

h m

anne

r as

the

Com

pany

shal

l thi

nk fi

t, an

d to

secu

re th

e pa

ymen

t of a

ny

mon

ey b

orro

wed

, ra

ised

or

owin

g by

mor

tgag

e, c

harg

e or

lie

n up

on a

ll or

any

of t

he p

rope

rty o

r ass

ets

of th

e C

ompa

ny

(bot

h pr

esen

t an

d fu

ture

) in

clud

ing

its u

ncal

led

capi

tal,

and

also

by

a si

mila

r m

ortg

age,

cha

rge:

or

lien

to s

ecur

e an

d gu

aran

tee

the

perf

orm

ance

by

the

Com

pany

or,

any

othe

r pe

rson

or

com

pany

of

any

oblig

atio

n un

derta

ken

by t

he

Com

pany

or

any

othe

r pe

rson

or

com

pany

as

the

case

may

be

.

Page 13: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

8 9

5

Old

No.

O

rigi

nal C

laus

e N

ew N

o.

Prop

osed

Am

endm

ent

(16)

To

en

ter

into

an

y ar

rang

emen

ts

with

an

y go

vern

men

ts o

r aut

horit

ies,

supr

eme,

mun

icip

al, l

ocal

or

othe

rwis

e, o

r an

y pe

rson

or

com

pany

tha

t m

ay s

eem

co

nduc

ive

to th

e ob

ject

s of t

he C

ompa

ny o

r any

of t

hem

, an

d to

obt

ain

from

any

suc

h go

vern

men

ts a

t au

thor

ity,

pers

on

or

com

pany

an

y rig

hts

priv

ilege

s, ch

arte

rs,

cont

ract

s, lic

ence

s an

d co

nces

sion

s w

hich

the

Com

pany

m

ay th

ink

it de

sira

ble

to o

btai

n an

d to

car

ry o

ut, e

xerc

ise

and

com

ply

ther

ewith

. (1

7)

To d

raw

, m

ake,

acc

ept,

endo

rse,

exe

cute

, an

d is

sue

prom

isso

ry n

otes

, bill

s of e

xcha

nge,

bill

s of l

adin

g,

war

rant

s, an

d an

y ot

her

nego

tiabl

e or

tra

nsfe

rabl

e in

stru

men

ts.

(18)

To

app

ly fo

r, pr

omot

e an

d ob

tain

the

pass

ing

of

any

prov

isio

nal

orde

r, A

ct o

r Pa

rliam

ent

Ord

inan

ce o

r En

actm

ent,

char

ter,

priv

ilege

s, co

nces

sion

, lic

ence

or

auth

oris

atio

n of

any

gov

ernm

ent,

stat

e or

mun

icip

ality

or

othe

r au

thor

ity f

or e

nabl

ing

the

Com

pany

to

carr

y on

an

y of

its

obje

cts

into

eff

ect o

r for

ext

endi

ng a

ny o

f the

po

wer

s of

th

e C

ompa

ny

or

for

effe

ctin

g an

y m

odifi

catio

n of

the

cons

titut

ion

of th

e C

ompa

ny o

r fo

r an

y ot

her

purp

ose

whi

ch m

ay s

eem

exp

edie

nt,

and

to

oppo

se a

ny p

roce

edin

gs o

r app

licat

ions

whi

ch m

ay se

em

expe

dien

t dire

ctly

or i

ndire

ctly

to p

reju

dice

the

inte

rest

s of

the

Com

pany

. (1

9)

To a

pply

or

disp

ose

of t

he b

usin

ess,

prop

erty

an

d un

derta

king

of t

he C

ompa

ny o

r any

par

t the

reof

, for

su

ch c

onsi

dera

tion

as th

e Co

mpa

ny m

ay th

ink

fit, a

nd in

(16)

To

en

ter

into

an

y ar

rang

emen

ts

with

an

y go

vern

men

ts o

r au

thor

ities

, su

prem

e, m

unic

ipal

, lo

cal

or

othe

rwis

e,

or

any

pers

on

or

com

pany

th

at

may

se

em

cond

uciv

e to

the

obje

cts

of th

e C

ompa

ny o

r any

of t

hem

, and

to

obt

ain

from

any

suc

h go

vern

men

ts a

t aut

horit

y, p

erso

n or

co

mpa

ny a

ny r

ight

s pr

ivile

ges,

char

ters

, co

ntra

cts,

licen

ces

and

conc

essi

ons w

hich

the

Com

pany

may

thin

k it

desi

rabl

e to

ob

tain

and

to c

arry

out

, exe

rcis

e an

d co

mpl

y th

erew

ith.

(17)

To

dra

w, m

ake,

acc

ept,

endo

rse,

exe

cute

, and

iss

ue

prom

isso

ry n

otes

, bill

s of

exc

hang

e, b

ills

of la

ding

, war

rant

s, an

d an

y ot

her n

egot

iabl

e or

tran

sfer

able

inst

rum

ents

. (1

8)

To a

pply

for

, pro

mot

e an

d ob

tain

the

pass

ing

of a

ny

prov

isio

nal o

rder

, Act

or P

arlia

men

t Ord

inan

ce o

r Ena

ctm

ent,

char

ter,

priv

ilege

s, co

nces

sion

, lic

ence

or a

utho

risat

ion

of a

ny

gove

rnm

ent,

stat

e or

mun

icip

ality

or

othe

r au

thor

ity f

or

enab

ling

the

Com

pany

to

carr

y on

any

of

its o

bjec

ts i

nto

effe

ct o

r for

ext

endi

ng a

ny o

f the

pow

ers

of th

e C

ompa

ny o

r fo

r ef

fect

ing

any

mod

ifica

tion

of t

he c

onst

itutio

n of

the

C

ompa

ny

or

for

any

othe

r pu

rpos

e w

hich

m

ay

seem

ex

pedi

ent,

and

to o

ppos

e an

y pr

ocee

ding

s or

app

licat

ions

w

hich

may

see

m e

xped

ient

dire

ctly

or i

ndire

ctly

to p

reju

dice

th

e in

tere

sts o

f the

Com

pany

. (1

9)

To a

pply

or

disp

ose

of t

he b

usin

ess,

prop

erty

and

un

derta

king

of

the

Com

pany

or

any

part

ther

eof,

for

such

co

nsid

erat

ion

as th

e C

ompa

ny m

ay th

ink

fit, a

nd in

par

ticul

ar

Page 14: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

10

6

Old

No.

O

rigi

nal C

laus

e N

ew N

o.

Prop

osed

Am

endm

ent

parti

cula

r fo

r sh

ares

, st

ocks

or

secu

ritie

s of

any

oth

er

com

pany

hav

ing

obje

cts

alto

geth

er o

r in

par

t sim

ilar

to

thos

e of

this

Com

pany

. (2

0)

To t

ake

or c

oncu

r in

tak

ing

all

such

ste

ps a

nd

proc

eedi

ngs

may

see

m b

est

calc

ulat

ed t

o up

hold

and

su

ppor

t th

e cr

edit

of t

he C

ompa

ny,

and

to o

btai

n an

d ju

stify

pub

lic c

onfid

ence

, an

d to

obt

ain

or m

inim

ize

finan

cial

dis

turb

ance

s whi

ch m

ight

aff

ect t

he C

ompa

ny.

(21)

To

do

all o

r any

of t

he a

bove

thin

gs in

any

par

t of

the

wor

ld a

nd a

s pr

inci

ples

, ag

ents

, co

ntra

ctor

s, or

ot

herw

ise

and

by o

r th

roug

h ag

ents

, or

oth

erw

ise,

and

ei

ther

alo

ne o

r in

con

junc

tion

with

oth

er a

nd to

pro

cure

th

e co

mpa

ny to

be

regi

ster

ed a

nd re

cogn

ised

in a

ny p

art

of th

e w

orld

. (2

2)

To

esta

blis

h an

d m

aint

ain

or

proc

ure

the

esta

blis

hmen

t an

d m

aint

enan

ce o

f an

y co

ntrib

utor

y or

no

n-co

ntrib

utor

y pe

nsio

n or

sup

eran

nuat

ion

fund

s fo

r th

e be

nefit

of

an

d gi

ve

or

proc

ure

the

givi

ng

of

dona

tions

, gr

atui

ties,

pens

ions

, al

low

ance

s of

em

oulu

men

ts to

any

per

sons

who

are

or w

ere

at a

ny ti

me

in th

e em

ploy

men

t of s

ervi

ce o

f the

Com

pany

, or o

f any

co

mpa

ny w

hich

is

a su

bsid

iary

of

the

Com

pany

or

is

allie

d to

or

asso

ciat

ed w

ith t

he C

ompa

ny o

r w

ith a

ny

such

sub

sidi

ary

of th

e co

mpa

ny, o

r w

ho a

re o

r w

ere

at

any

time

dire

ctor

or

offic

ers

of th

e C

ompa

ny o

r of

any

su

ch

othe

r co

mpa

ny

as

afor

esai

d,

and

thei

r w

ives

, w

idow

s an

d fa

mili

es, a

nd to

sub

sidi

se a

nd to

sub

scrib

e to

an

y in

stitu

tions

, as

soci

atio

ns,

club

s or

fu

nds

for

shar

es, s

tock

s or

sec

uriti

es o

f an

y ot

her

com

pany

hav

ing

obje

cts a

ltoge

ther

or i

n pa

rt si

mila

r to

thos

e of

this

Com

pany

. (2

0)

To t

ake

or c

oncu

r in

tak

ing

all

such

ste

ps a

nd

proc

eedi

ngs

may

see

m b

est c

alcu

late

d to

uph

old

and

supp

ort

the

cred

it of

the

Com

pany

, and

to

obta

in a

nd j

ustif

y pu

blic

co

nfid

ence

, and

to o

btai

n or

min

imiz

e fin

anci

al d

istu

rban

ces

whi

ch m

ight

aff

ect t

he C

ompa

ny.

(21)

To

do

all o

r any

of t

he a

bove

thin

gs in

any

par

t of t

he

wor

ld a

nd a

s pr

inci

ples

, age

nts,

cont

ract

ors,

or o

ther

wis

e an

d by

or

thro

ugh

agen

ts,

or o

ther

wis

e, a

nd e

ither

alo

ne o

r in

co

njun

ctio

n w

ith o

ther

and

to

proc

ure

the

com

pany

to

be

regi

ster

ed a

nd re

cogn

ised

in a

ny p

art o

f the

wor

ld.

(22)

To

es

tabl

ish

and

mai

ntai

n or

pr

ocur

e th

e es

tabl

ishm

ent

and

mai

nten

ance

of

any

cont

ribut

ory

or n

on-

cont

ribut

ory

pens

ion

or s

uper

annu

atio

n fu

nds

for

the

bene

fit

of a

nd g

ive

or p

rocu

re t

he g

ivin

g of

don

atio

ns,

grat

uitie

s, pe

nsio

ns, a

llow

ance

s of e

mou

lum

ents

to a

ny p

erso

ns w

ho a

re

or w

ere

at a

ny t

ime

in t

he e

mpl

oym

ent

of s

ervi

ce o

f th

e C

ompa

ny,

or o

f an

y co

mpa

ny w

hich

is

a su

bsid

iary

of

the

Com

pany

or

is a

llied

to o

r as

soci

ated

with

the

Com

pany

or

with

any

suc

h su

bsid

iary

of t

he c

ompa

ny, o

r who

are

or w

ere

at a

ny t

ime

dire

ctor

or

offic

ers

of t

he C

ompa

ny o

r of

any

su

ch o

ther

com

pany

as

afor

esai

d, a

nd t

heir

wiv

es,

wid

ows

and

fam

ilies

, an

d to

sub

sidi

se a

nd t

o su

bscr

ibe

to a

ny

inst

itutio

ns, a

ssoc

iatio

ns, c

lubs

or

fund

s ca

lcul

ated

to b

e fo

r th

e be

nefit

of

or t

o ad

vanc

e th

e in

tere

sts

and

wel

l-bei

ng o

f

Page 15: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

10 11

7

Old

No.

O

rigi

nal C

laus

e N

ew N

o.

Prop

osed

Am

endm

ent

calc

ulat

ed t

o be

for

the

ben

efit

of o

r to

adv

ance

the

in

tere

sts

and

wel

l-bei

ng o

f the

Com

pany

or

of a

ny s

uch

othe

r co

mpa

ny

as

afor

esai

d,

eith

er

alon

e or

in

co

njun

ctio

n w

ith a

ny o

ther

such

com

pany

as a

fore

said

. (2

3)

To a

dopt

suc

h m

eans

of

mak

ing

know

n as

ad

verti

sing

the

busi

ness

and

ser

vice

s of

the

Com

pany

as

may

seem

exp

edie

nt.

(24)

To

mak

e do

natio

ns f

or r

elig

ious

, pa

triot

ic o

r ch

arita

ble

purp

oses

. (2

5)

To

trans

act

any

law

ful

busi

ness

in

ai

d of

M

alay

sia

in th

e pr

osec

utio

n or

any

war

or

host

ilitie

s in

w

hich

Mal

aysi

a is

eng

aged

. (2

6)

To

dist

ribut

e an

y of

th

e pr

oper

ty

of

the

Com

pany

am

ong

the

mem

bers

in sp

ecie

or o

ther

wis

e.

(27)

To

do

all s

uch

othe

r th

ings

as

are

inci

dent

al o

r co

nduc

ive

to th

e at

tain

men

t of

the

abov

e ob

ject

s or

any

of

them

. A

ND

IT

IS

H

EREB

Y

DEC

LAR

ED

that

th

e w

ord

“Com

pany

” in

thi

s C

laus

e sh

all

be d

eem

ed t

o in

clud

e an

y pa

rtner

ship

or

ot

her

body

of

pe

rson

s w

heth

er

inco

rpor

ated

or

not i

ncor

pora

ted

and

whe

ther

dom

icile

d in

Mal

aysi

a or

oth

erw

ise

and

the

obje

cts

spec

ified

in

each

of t

he p

arag

raph

s of t

his c

laus

e sh

all b

e re

gard

ed a

s in

depe

nden

t obj

ects

and

acc

ordi

ngly

sha

ll in

no

way

be

limite

d or

res

trict

ed (

exce

pt w

here

exp

ress

ed i

n su

ch

the

Com

pany

or

of a

ny s

uch

othe

r co

mpa

ny a

s af

ores

aid,

ei

ther

alo

ne o

r in

con

junc

tion

with

any

oth

er s

uch

com

pany

as

afo

resa

id.

(23)

To

ad

opt

such

m

eans

of

m

akin

g kn

own

as

adve

rtisi

ng th

e bu

sine

ss a

nd s

ervi

ces

of th

e C

ompa

ny a

s m

ay

seem

exp

edie

nt.

(24)

To

m

ake

dona

tions

fo

r re

ligio

us,

patri

otic

or

ch

arita

ble

purp

oses

. (2

5)

To tr

ansa

ct a

ny la

wfu

l bus

ines

s in

aid

of M

alay

sia

in

the

pros

ecut

ion

or a

ny w

ar o

r hos

tiliti

es in

whi

ch M

alay

sia

is en

gage

d.

(26)

To

dis

tribu

te a

ny o

f th

e pr

oper

ty o

f th

e C

ompa

ny

amon

g th

e m

embe

rs in

spec

ie o

r oth

erw

ise.

(2

7)

To d

o al

l su

ch o

ther

thi

ngs

as a

re i

ncid

enta

l or

co

nduc

ive

to t

he a

ttain

men

t of

the

abo

ve o

bjec

ts o

r an

y of

th

em.

AN

D

IT

IS

HER

EBY

D

ECLA

RED

th

at

the

wor

d “C

ompa

ny”

in t

his

Clau

se R

ule

shal

l be

deem

ed t

o in

clud

e an

y pa

rtner

ship

or

ot

her

body

of

pe

rson

s w

heth

er

inco

rpor

ated

or

not

inco

rpor

ated

and

whe

ther

dom

icile

d in

M

alay

sia

or o

ther

wis

e an

d th

e ob

ject

s spe

cifie

d in

eac

h of

the

para

grap

hs

of

this

Cl

ause

R

ule

shal

l be

re

gard

ed

as

inde

pend

ent

obje

cts

and

acco

rdin

gly

shal

l in

no

way

be

limite

d or

re

stric

ted

(exc

ept

whe

re

expr

esse

d in

su

ch

Page 16: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

12

8

Old

No.

O

rigi

nal C

laus

e N

ew N

o.

Prop

osed

Am

endm

ent

para

grap

hs)

by r

efer

ence

to o

r in

fere

nce

from

the

term

s of

any

oth

er p

arag

raph

s, bu

t may

be

carr

ied

out i

n as

full

and

ampl

e a

man

ner a

nd c

onst

rued

in a

s wid

e a

sens

e as

, if

each

of

the

said

par

agra

phs

defin

ed t

he o

bjec

ts o

f a

sepa

rate

and

dis

tinct

com

pany

. PR

OV

IDED

ALW

AY

S th

at n

othi

ng i

n th

is M

emor

andu

m c

onta

ined

sha

ll al

so

empo

wer

the

Com

pany

to

carr

y on

any

bus

ines

s or

do

anyt

hing

inv

olvi

ng a

ny e

lem

ent

whi

ch i

s no

t ap

prov

ed

by th

e R

elig

ion

of Is

lam

.

para

grap

hs)

by r

efer

ence

to

or i

nfer

ence

fro

m t

he t

erm

s of

an

y ot

her

para

grap

hs, b

ut m

ay b

e ca

rrie

d ou

t in

as

full

and

ampl

e a

man

ner a

nd c

onst

rued

in a

s w

ide

a se

nse

as, i

f eac

h of

the

said

par

agra

phs

defin

ed th

e ob

ject

s of

a s

epar

ate

and

dist

inct

com

pany

. PR

OV

IDED

ALW

AY

S th

at n

othi

ng in

this

Mem

oran

dum

Con

stitu

tion

cont

aine

d sh

all

also

em

pow

er

the

Com

pany

to

carr

y on

any

bus

ines

s or

do

anyt

hing

in

volv

ing

any

elem

ent w

hich

is n

ot a

ppro

ved

by th

e R

elig

ion

of Is

lam

.

5.

Th

e lia

bilit

y of

the

mem

bers

is li

mite

d.

5.

Th

e lia

bilit

y of

the

mem

bers

is li

mite

d.

(a) T

he C

ompa

ny is

a b

ody

corp

orat

e an

d sh

all –

(i) h

ave

a le

gal p

erso

nalit

y se

para

te f

rom

tha

t of

its

Mem

bers

; and

(ii

) co

ntin

ue in

exi

sten

ce u

ntil

it is

rem

oved

fro

m t

he

regi

ster

mai

ntai

ned

by th

e re

gist

rar

of c

ompa

nies

in

Mal

aysia

.

(b) T

he C

ompa

ny is

a p

ublic

com

pany

lim

ited

by s

hare

s. A

ccor

ding

ly th

e lia

bilit

y of

eac

h M

embe

r is

limite

d to

(i) t

he

amou

nt

whi

ch

rem

ains

un

paid

on

th

at

Mem

ber’

s sha

res;

(ii

) an

y lia

bilit

y ex

pres

sly

prov

ided

fo

r in

th

is C

onst

itutio

n; a

nd

(iii)

any

liabi

lity

as p

rovi

ded

for

unde

r th

e A

ct.

6.

The

shar

e ca

pita

l of t

he C

ompa

ny is

RM

500,

000,

000-

00

divi

ded

into

2,5

00,0

00,0

00 o

rdin

ary

shar

es o

f R

M0.

20

each

. Th

e C

ompa

ny s

hall

have

pow

er t

o in

crea

se o

r re

duce

the

capi

tal,

to c

onso

lidat

e or

subd

ivid

e th

e sh

ares

6.

The

shar

e ca

pita

l of

the

Com

pany

is

RM

500,

000,

000-

00

divi

ded

into

2,5

00,0

00,0

00 o

rdin

ary

shar

es o

f RM

0.20

eac

h.

its is

sued

sha

re c

apita

l. Th

e C

ompa

ny s

hall

have

pow

er to

in

crea

se o

r red

uce

the

capi

tal,

to c

onso

lidat

e or

sub

divi

de th

e

Page 17: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

12 13

9

Old

No.

O

rigi

nal C

laus

e N

ew N

o.

Prop

osed

Am

endm

ent

into

sha

res

of l

arge

r or

sm

alle

r am

ount

s an

d to

atta

ch

ther

eto

resp

ectiv

ely,

con

ditio

ns a

s m

ay b

e de

term

ined

by

or

in a

ccor

danc

e w

ith t

he r

egul

atio

ns f

or t

he t

ime

bein

g of

the

Com

pany

and

to

issu

e an

y pa

rt of

its

capi

tal,

orig

inal

or

in

crea

sed,

w

ith

or

with

out

any

pref

eren

ce, p

riorit

y or

spe

cial

priv

ilege

or s

ubje

ct to

any

po

stpo

nem

ent

of

right

s or

to

an

y co

nditi

ons

or

rest

rictio

ns a

nd to

var

y or

abr

ogat

e th

e rig

hts a

ttach

ed to

an

y cl

ass

of s

hare

s in

the

Com

pany

; and

so

that

unl

ess

the

cond

ition

s of i

ssue

shal

l oth

erw

ise

expr

essl

y de

clar

e,

ever

y is

sue

of s

hare

s w

heth

er d

ecla

red

to b

e pr

efer

ence

or

oth

erw

ise

shal

l be

subj

ect t

o th

e po

wer

s he

rein

befo

re

cont

aine

d.

shar

es in

to s

hare

s of

larg

er o

r sm

alle

r am

ount

s an

d to

atta

ch

ther

eto

resp

ectiv

ely,

con

ditio

ns a

s m

ay b

e de

term

ined

by

or

in a

ccor

danc

e w

ith th

e re

gula

tions

for

the

time

bein

g of

the

Com

pany

and

to

issu

e an

y pa

rt of

its

cap

ital,

orig

inal

or

incr

ease

d, w

ith o

r with

out a

ny p

refe

renc

e, p

riorit

y or

spe

cial

pr

ivile

ge o

r su

bjec

t to

any

post

pone

men

t of

right

s or

to a

ny

cond

ition

s or

res

trict

ions

and

to

vary

or

abro

gate

the

rig

hts

atta

ched

to a

ny c

lass

of

shar

es in

the

Com

pany

; and

so

that

un

less

the

con

ditio

ns o

f is

sue

shal

l ot

herw

ise

expr

essl

y de

clar

e,

ever

y is

sue

of

shar

es

whe

ther

de

clar

ed

to

be

pref

eren

ce o

r ot

herw

ise

shal

l b

e su

bjec

t to

the

pow

ers

here

inbe

fore

con

tain

ed.

7.

N

ot le

ss th

an f

ifty

one

(51)

per

cen

t of

the

mem

bers

hip

of, a

nd s

hare

s in

the

Com

pany

sha

ll at

all

times

con

sist

of

or b

e is

sued

to th

e Fe

dera

l and

any

Sta

te G

over

nmen

t or

an

y M

uslim

B

umip

utra

In

stitu

tion

or

Mus

lim

Bum

iput

ra o

r bod

y co

rpor

ate

bein

g a

Mus

lim B

umip

utra

co

mpa

ny a

nd n

ot a

cor

pora

tion

unde

r fo

reig

n co

ntro

l, du

ly a

ppro

ved

for

the

purp

ose

of t

his

Cla

use

by t

he

Min

iste

r and

sha

ll no

t the

reaf

ter a

t any

tim

e be

ass

igne

d or

tran

sfer

red

to o

r hel

d by

any

per

son

or c

orpo

ratio

n or

ot

her

lega

l pe

rson

who

and

whi

ch i

s no

t an

y of

the

ab

oves

tate

d, a

s the

cas

e m

ay.

7.

N

ot le

ss th

an fi

fty o

ne p

er c

ent (

51%

) of t

he m

embe

rshi

p of

, an

d sh

ares

in th

e C

ompa

ny s

hall

at a

ll tim

es c

onsi

st o

f or b

e is

sued

to

the

Fede

ral

and

any

Stat

e G

over

nmen

t or

any

M

uslim

Bum

iput

ra In

stitu

tion

or M

uslim

Bum

iput

ra o

r bod

y co

rpor

ate

bein

g a

Mus

lim B

umip

utra

com

pany

and

not

a

corp

orat

ion

unde

r fo

reig

n co

ntro

l, du

ly a

ppro

ved

for

the

purp

ose

of t

his

Cla

use

Rul

e by

the

Min

iste

r an

d sh

all

not

ther

eafte

r at a

ny ti

me

be a

ssig

ned

or tr

ansf

erre

d to

or h

eld

by

any

pers

on o

r co

rpor

atio

n or

oth

er l

egal

per

son

who

and

w

hich

is n

ot a

ny o

f the

abo

vest

ated

, as t

he c

ase

may

.

8.

W

ords

or

ex

pres

sion

s co

ntai

ned

here

in

whi

ch

are

defin

ed

in

the

Arti

cles

of

A

ssoc

iatio

n sh

all

be

inte

rpre

ted

in a

ccor

danc

e w

ith th

ose

defin

ition

s.

- To

be

dele

ted.

- W

e, th

e se

vera

l per

sons

who

se n

ames

and

add

ress

ed a

re

subs

crib

ed,

are

desi

rous

of

be

ing

form

ed

into

a

Com

pany

in

pu

rsua

nce

of

this

M

emor

andu

m

of

- To

be

dele

ted.

Page 18: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

14

10

Old

No.

O

rigi

nal C

laus

e N

ew N

o.

Prop

osed

Am

endm

ent

Ass

ocia

tion;

and

we

resp

ectiv

ely

agre

e to

tak

e th

e nu

mbe

r of

sha

res

in t

he c

apita

l of

the

Com

pany

set

op

posi

te o

ur re

spec

tive

nam

e N

ames

, A

ddre

sses

an

d D

escr

iptio

ns

of

Subs

crib

ers

Num

ber

of

shar

es t

aken

by

each

subs

crib

er

Dr.

Abd

ul

Hal

im

bin

Haj

i Ism

ail

Ban

ker

56, J

alan

Ber

uas

Dam

ansa

ra H

eigh

ts

Kua

la L

umpu

r

ON

E

Moh

d Fa

dzli

bin

Yus

of

Com

pany

Exe

cutiv

e 13

2, P

ingg

ir Za

aba

Tam

an T

un D

r. Is

mai

l

Kua

la L

umpu

r

ON

E

Tota

l num

bers

of

shar

es

take

n 2

(TW

O)

Dat

ed th

is 1

9th

day

of N

ovem

ber,

1984

.

Page 19: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

14 15

11

II.

Art

icle

s of A

ssoc

iatio

n

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Titl

e of

the

A

rtic

les

of

Ass

ocia

tion

TH

E C

OM

PAN

IES

AC

T, 1

965

PUB

LIC

CO

MPA

NY

LIM

ITED

BY

SH

AR

ES

A

RTI

CLE

S O

F A

SSO

CIA

TIO

N

OF

SYA

RIK

AT

TAK

AFU

L M

ALA

YSI

A B

ERH

AD

To

be

dele

ted.

1.

Th

e re

gula

tions

in

Tabl

e A

in

the

Four

th S

ched

ule

to t

he

Com

pani

es A

ct, 1

965

shal

l no

t ap

ply

exce

pt s

o fa

r as

the

sa

me

are

repe

ated

or c

onta

ined

in th

ese

Arti

cles

.

- To

be

dele

ted.

INTE

RPR

ET

AT

ION

2.

In th

ese

Arti

cles

the

wor

ds s

tand

ing

in th

e fir

st c

olum

n of

th

e Ta

ble

next

her

eina

fter c

onta

ined

sha

ll be

ar th

e m

eani

ng

set

oppo

site

to

them

res

pect

ivel

y in

the

sec

ond

colu

mn

ther

eof,

if no

t inc

onsi

sten

t with

the

subj

ect o

r con

text

. W

OR

DS

MEA

NIN

GS

the

Act

Th

e C

ompa

nies

Act

, 196

5 an

d an

y st

atut

ory

mod

ifica

tion

or

amen

dmen

t th

eret

o or

re

-en

actm

ent t

here

of.

8.

In

the

se A

rticl

es t

his

Con

stitu

tion

the

wor

ds s

tand

ing

in t

he

first

col

umn

of t

he T

able

nex

t he

rein

afte

r co

ntai

ned

shal

l be

ar

the

mea

ning

set

opp

osite

to

them

res

pect

ivel

y in

the

sec

ond

colu

mn

ther

eof,

if no

t inc

onsi

sten

t with

the

subj

ect o

r con

text

. W

OR

DS

MEA

NIN

GS

the

Act

Th

e C

ompa

nies

A

ct,

1965

20

16

and

any

stat

utor

y m

odifi

catio

n or

am

endm

ent

ther

eto

or

re-e

nact

men

t th

ereo

f.

Page 20: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

16

12

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

thes

e A

rticl

es

Thes

e A

rticl

es o

f A

ssoc

iatio

n as

or

igin

ally

fr

amed

or

as

fr

om t

ime

to t

ime

alte

red

by

Spec

ial R

esol

utio

n.

Cen

tral

Dep

osito

ry

Mal

aysi

an C

entra

l D

epos

itory

Sd

n. B

hd.

Cen

tral

Dep

osito

ries

Act

The

Secu

ritie

s In

dust

ry

(Cen

tral

Dep

osito

ries)

A

ct

1991

.

Cha

irman

Th

e C

hairm

an o

f the

Boa

rd o

f D

irect

ors

and

incl

udes

, in

the

abse

nce

of t

he C

hairm

an,

the

Dep

uty

Cha

irman

exc

ept

for

the

purp

oses

of

Arti

cles

46,

50

(b) a

nd 8

3.

the

Com

pany

Sy

arik

at T

akaf

ul M

alay

sia

Ber

had.

Cor

pora

tion

unde

r fo

reig

n co

ntro

l

Incl

udes

(a)

A

corp

orat

ion

of

whi

ch

the

maj

ority

of

th

e D

irect

ors

or

pers

ons

occu

pyin

g th

e po

sitio

n of

D

irect

ors,

by w

hate

ver

nam

e ca

lled,

are

fore

igne

rs.

(b)

A

corp

orat

ion

in

whi

ch

shar

es

conf

errin

g a

maj

ority

of

vote

s ar

e he

ld b

y

thes

e A

rticl

es

Thes

e A

rticl

es o

f Ass

ocia

tion

as

orig

inal

ly

fram

ed

or

as

from

tim

e to

tim

e al

tere

d by

Sp

ecia

l Res

olut

ion.

Alte

rnat

e D

irec

tor

Any

per

son

who

has

bee

n ap

poin

ted

and

for

the

time

bein

g ho

lds

offic

e as

an

al

tern

ate

dire

ctor

of

th

e C

ompa

ny

in

acco

rdan

ce

with

the

pro

visi

ons

of t

his

Con

stitu

tion

Boa

rd

of

Dir

ecto

rs

Dir

ecto

rs o

f th

e C

ompa

ny

who

num

ber

not

less

tha

n th

e re

quir

ed q

uoru

m a

ctin

g as

a b

oard

of D

irec

tors

Cen

tral

Dep

osito

ry

Mal

aysi

an

Cen

tral

Dep

osito

ry S

dn. B

hd.

Cen

tral

Dep

osito

ries

Act

The

Secu

ritie

s In

dust

ry

(Cen

tral

Dep

osito

ries)

A

ct

1991

.

Cha

irman

Th

e C

hairm

an o

f th

e B

oard

of

Dire

ctor

s an

d in

clud

es, i

n th

e ab

senc

e of

the

Cha

irman

, th

e D

eput

y C

hairm

an e

xcep

t fo

r th

e pu

rpos

es o

f A

rticl

es

46,

50(b

) an

d 83

Rul

es 5

3,

58(b

) and

104

.

Page 21: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

16 17

13

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

fore

igne

rs

or

by

fore

ign

corp

orat

ions

or

by p

erso

ns o

r co

rpor

atio

ns w

ho h

old

dire

ctly

or

ind

irect

ly f

or f

orei

gner

s or

fo

reig

n co

rpor

atio

ns.

(c)

A

corp

orat

ion

whi

ch

is b

y an

y ot

her m

eans

whe

ther

of

a l

ike

or o

f a

diff

eren

ce

char

acte

r, in

fa

ct

unde

r th

e co

ntro

l of

fo

reig

ners

or

fo

reig

n co

rpor

atio

ns.

(d)

A

corp

orat

ion

whi

ch

is

man

aged

by

a

“for

eign

co

rpor

atio

n” o

r a

“cor

pora

tion

unde

r fo

reig

n co

ntro

l” w

ithin

th

e m

eani

ng o

f th

e re

spec

tive

defin

ition

s of

the

exp

ress

ions

co

ntai

ned

in th

is A

rticl

e.

Dep

osite

d Se

curit

y Sh

all

have

th

e m

eani

ng

ascr

ibed

to

it un

der

Sect

ion

2 of

th

e Se

curit

ies

Indu

stry

(C

entra

l D

epos

itorie

s)

Act

, 19

91.

Dep

osito

r A

ho

lder

of

Se

curit

ies

Acc

ount

es

tabl

ishe

d by

th

e D

epos

itory

.

Dep

osito

ry

Bur

sa

Mal

aysi

a D

epos

itory

Sd

n.

Bhd

. (1

6557

0-W

)

the

Com

pany

Sy

arik

at T

akaf

ul M

alay

sia

Ber

had

(131

646-

K).

the

Con

stitu

tion

Thi

s C

onst

itutio

n,

as

orig

inal

ly

fram

ed

or

as

amen

ded

from

tim

e to

tim

e.

Cor

pora

tion

unde

r fo

reig

n co

ntro

l

Incl

udes

(a)

A

corp

orat

ion

of

whi

ch

the

maj

ority

of

th

e D

irect

ors

or

pers

ons

occu

pyin

g th

e po

sitio

n of

D

irect

ors,

by w

hate

ver

nam

e ca

lled,

are

fore

igne

rs.

(b)

A

corp

orat

ion

in

whi

ch

shar

es

conf

errin

g a

maj

ority

of

vote

s ar

e he

ld b

y fo

reig

ners

or

by

fo

reig

n co

rpor

atio

ns o

r by

pers

ons

or

corp

orat

ions

w

ho

hold

di

rect

ly

or

indi

rect

ly

for

fore

igne

rs

or

fore

ign

corp

orat

ions

.

(c)

A c

orpo

ratio

n w

hich

is

by

an

y ot

her

mea

ns

whe

ther

of

a lik

e or

of

a di

ffer

ence

di

ffer

ent

char

acte

r, in

fac

t un

der

the

cont

rol

of

fore

igne

rs

or

Page 22: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

18

14

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

incl

udin

g an

y fu

rther

cha

nge

to it

s nam

e.

the

Dire

ctor

s Th

e D

irect

ors

for

the

time

bein

g of

the

Com

pany

as

a bo

dy

or

a qu

orum

of

th

e D

irect

ors

pres

ent a

t a m

eetin

g of

the

Dire

ctor

s.

Entit

led

Pers

on

A p

erso

n w

ho i

s a

Mal

aysi

an

citiz

en o

r a

body

cor

pora

te o

r au

thor

ity in

corp

orat

ed u

nder

a

Fede

ral

law

of

Mal

aysi

a or

a

law

of

any

Stat

e of

Mal

aysi

a or

a

com

pany

no

t be

ing

a co

rpor

atio

n un

der

fore

ign

cont

rol o

r a

firm

reg

iste

red

in

Mal

aysi

a w

hose

par

tner

s ar

e al

l Mal

aysi

an c

itize

ns a

nd, f

or

the

purp

ose

of t

hese

Arti

cles

, in

clud

es

the

Fede

ral

Gov

ernm

ent

or

any

Stat

e G

over

nmen

t.

the

Exch

ange

Th

e B

ursa

Mal

aysi

a Se

curit

ies

Ber

had

(635

998-

W)

incl

udin

g an

y fu

rther

cha

nge

to it

s nam

e.

Fore

igne

r A

pe

rson

w

ho

is

not

an

Entit

led

Pers

on.

Fore

ign

(a)

a co

mpa

ny,

corp

orat

ion,

so

ciet

y,

fore

ign

corp

orat

ions

.

(d)

A c

orpo

ratio

n w

hich

is

m

anag

ed

by

a “f

orei

gn

corp

orat

ion”

or

a

“cor

pora

tion

unde

r fo

reig

n co

ntro

l” w

ithin

the

mea

ning

of

the

res

pect

ive

defin

ition

s of

the

exp

ress

ions

con

tain

ed

in th

is A

rticl

e R

ule.

Dep

osite

d Se

curit

y Sh

all

have

th

e m

eani

ng

ascr

ibed

to it

und

er S

ectio

n 2

of

the

Secu

ritie

s In

dust

ry

(Cen

tral

Dep

osito

ries)

A

ct,

1991

.

Dep

osito

r A

ho

lder

of

Se

curit

ies

Acc

ount

est

ablis

hed

by t

he

Dep

osito

ry.

Dep

osito

ry

Bur

sa

Mal

aysi

a D

epos

itory

Sd

n.

Bhd

. (1

6557

0-W

) in

clud

ing

any

furth

er c

hang

e to

its n

ame.

the

Dire

ctor

s Th

e D

irect

ors

for

the

time

bein

g of

the

Com

pany

as

a bo

dy

or

a qu

orum

of

th

e D

irect

ors p

rese

nt a

t a m

eetin

g of

the

Dire

ctor

s.

Pers

ons

who

ha

ve

been

Page 23: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

18 19

15

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Cor

pora

tion

asso

ciat

ion

or

othe

r bo

dy

inco

rpor

ated

or

re

gist

ered

ou

tsid

e M

alay

sia;

or

(b)

an

unin

corp

orat

ed

soci

ety,

ass

ocia

tion

or o

ther

bo

dy w

hich

und

er t

he l

aw o

f its

pla

ce o

f or

igin

may

sue

or

be s

ued,

or

hold

pro

perty

in

the

nam

e of

the

sec

reta

ry o

r ot

her

offic

er o

f th

e bo

dy o

r as

soci

atio

n du

ly a

ppoi

nted

for

th

at p

urpo

se a

nd w

hich

doe

s no

t ha

ve i

ts h

ead

offic

e or

pr

inci

pal

plac

e of

bus

ines

s in

M

alay

sia;

or

(c)

an

unin

corp

orat

ed

soci

ety,

ass

ocia

tion

or o

ther

bo

dy

whi

ch

if it

wer

e a

corp

orat

ion

wou

ld

be

a co

rpor

atio

n un

der

fore

ign

cont

rol.

Mal

ay

A p

erso

n w

ho p

rofe

sses

the

M

uslim

re

ligio

n,

habi

tual

ly

spea

ks

the

Mal

ay

lang

uage

, co

nfor

ms

to th

e M

alay

cus

tom

an

d is

a c

itize

n of

Mal

aysi

a.

Man

agin

g D

irect

or

Incl

udes

an

ex

ecut

ive

Dire

ctor

.

appo

inte

d an

d fo

r th

e tim

e be

ing

hold

of

fice

as

a D

irec

tor

of th

e C

ompa

ny in

ac

cord

ance

w

ith

the

prov

ision

s of

the

Act

and

th

is C

onst

itutio

n an

d,

unle

ss th

e co

ntex

t oth

erw

ise

prov

ides

or

re

quir

es,

incl

udes

an

A

ltern

ate

Dir

ecto

r.

Entit

led

Pers

on

A p

erso

n w

ho is

a M

alay

sian

ci

tizen

or a

bod

y co

rpor

ate

or

auth

ority

inc

orpo

rate

d un

der

a Fe

dera

l law

of

Mal

aysi

a or

a

law

of

an

y St

ate

of

Mal

aysi

a or

a c

ompa

ny n

ot

bein

g a

corp

orat

ion

unde

r fo

reig

n co

ntro

l or

a

firm

re

gist

ered

in M

alay

sia

who

se

partn

ers

are

all

Mal

aysi

an

citiz

ens

and,

for

the

pur

pose

of

th

ese

Arti

cles

th

is C

onst

itutio

n,

incl

udes

th

e Fe

dera

l G

over

nmen

t or

any

St

ate

Gov

ernm

ent.

the

Exch

ange

Th

e B

ursa

M

alay

sia

Secu

ritie

s B

erha

d (6

3599

8-W

) in

clud

ing

any

furth

er

chan

ge to

its n

ame.

Page 24: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

20

16

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Mar

ket D

ay

A d

ay o

n w

hich

the

stoc

k m

arke

t of t

he E

xcha

nge

is

open

for t

radi

ng in

secu

ritie

s.

Mem

ber/

mem

bers

A

ny

pers

on/p

erso

ns

for

the

time

bein

g ho

ldin

g sh

ares

in

the

Com

pany

an

d w

hose

na

mes

app

ear

in t

he R

egis

ter

of M

embe

rs (

exce

pt f

or t

he

Bur

sa

Dep

osito

ry

Nom

inee

s Sd

n.

Bhd

.) in

clud

ing

a de

posi

tor

who

sha

ll be

trea

ted

as

if he

w

as

a m

embe

r pu

rsua

nt t

o Se

ctio

n 35

of

the

Secu

ritie

s In

dust

ry

(Cen

tral

Dep

osito

ries)

Act

, 19

91,

but

excl

udes

the

Dep

osito

ry in

its

capa

city

as a

bar

e tru

stee

.

Min

iste

r Th

e M

inis

ter o

f Fin

ance

or t

he

Min

iste

r fo

r th

e tim

e be

ing

char

ged

with

the

resp

onsi

bilit

y in

re

spec

t of

th

e m

atte

r in

qu

estio

n as

the

case

may

be.

Mus

lim

Bum

iput

ra

Com

pany

A

com

pany

in

corp

orat

ed

in

Mal

aysi

a th

e m

embe

rshi

p or

sh

areh

olde

rs w

here

of is

or

are

rest

ricte

d to

M

uslim

B

umip

utra

.

Mus

lim

Bum

iput

ra

A b

ody

corp

orat

e or

aut

horit

y in

corp

orat

ed

in

Mal

aysi

a

Fore

igne

r A

pe

rson

w

ho

is

not

an

Entit

led

Pers

on.

Fore

ign

Cor

pora

tion

(a)

a co

mpa

ny,

corp

orat

ion,

so

ciet

y,

asso

ciat

ion

or

othe

r bo

dy

inco

rpor

ated

or

re

gist

ered

ou

tsid

e M

alay

sia;

or

(b)

an

unin

corp

orat

ed

soci

ety,

ass

ocia

tion

or o

ther

bo

dy w

hich

und

er th

e la

w o

f its

pla

ce o

f orig

in m

ay s

ue o

r be

sue

d, o

r ho

ld p

rope

rty i

n th

e na

me

of t

he s

ecre

tary

or

othe

r of

ficer

of

the

body

or

asso

ciat

ion

duly

ap

poin

ted

for

that

pur

pose

and

whi

ch

does

not

hav

e its

hea

d of

fice

or p

rinci

pal p

lace

of b

usin

ess

in M

alay

sia;

or

(c)

an

unin

corp

orat

ed

soci

ety,

ass

ocia

tion

or o

ther

bo

dy

whi

ch

if it

wer

e a

corp

orat

ion

wou

ld

be

a co

rpor

atio

n un

der

fore

ign

cont

rol.

Mal

ay

A p

erso

n w

ho p

rofe

sses

the

M

uslim

re

ligio

n,

habi

tual

ly

spea

ks t

he M

alay

lan

guag

e,

conf

orm

s to

th

e M

alay

Page 25: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

20 21

17

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Inst

itutio

n un

der

a Fe

dera

l la

w

of

Mal

aysi

a or

a la

w o

f any

Sta

te

of M

alay

sia,

or

any

com

pany

in

corp

orat

ed i

n M

alay

sia

the

mem

bers

hip

or

shar

ehol

ders

w

here

of is

or

are

rest

ricte

d to

th

e Fe

dera

l or

an

y St

ate

Gov

ernm

ent

or

such

bo

dy

corp

orat

e or

aut

horit

y.

the

Off

ice

The

Regi

ster

ed O

ffic

e fo

r th

e tim

e be

ing

of th

e C

ompa

ny.

Prox

y In

clud

es

an

atto

rney

du

ly

cons

titut

ed u

nder

a p

ower

of

atto

rney

.

Rec

ord

of

Dep

osito

rs

A

reco

rd

prov

ided

by

th

e D

epos

itory

to

th

e C

ompa

ny

unde

r C

hapt

er

24.0

of

th

e R

ules

of t

he D

epos

itory

.

Rul

es

of

the

Dep

osito

ry

Shal

l ha

ve

the

mea

ning

as

crib

ed t

o it

unde

r Se

ctio

n 2

of

the

Secu

ritie

s In

dust

ry

(Cen

tral

Dep

osito

ries)

A

ct,

1991

.

the

Seal

Th

e C

omm

on

Seal

of

th

e C

ompa

ny.

the

Secr

etar

y Th

e Se

cret

ary

or

join

t Se

cret

arie

s of

th

e C

ompa

ny

cust

om a

nd i

s a

citiz

en o

f M

alay

sia.

Man

ager

M

eans

th

e pr

inci

pal

exec

utiv

e of

ficer

of

th

e C

ompa

ny fo

r th

e tim

e be

ing

by

wha

teve

r na

me

calle

d an

d w

heth

er o

r no

t he

is

a D

irec

tor.

Man

agin

g D

irect

or

Incl

udes

an

exec

utiv

e D

irect

or.

Mar

ket D

ay

A d

ay o

n w

hich

the

sto

ck

mar

ket

of t

he E

xcha

nge

is

open

for t

radi

ng in

secu

ritie

s.

Mem

ber/

Mem

bers

A

ny p

erso

n/pe

rson

s fo

r th

e tim

e be

ing

hold

ing

shar

es i

n th

e C

ompa

ny

and

who

se

nam

es a

ppea

r in

the

Reg

iste

r of

Mem

bers

(ex

cept

for

the

B

ursa

Dep

osito

ry N

omin

ees

Sdn.

B

hd.)

incl

udin

g a

depo

sito

r who

shal

l be

treat

ed

as

if he

w

as

a M

embe

r pu

rsua

nt to

Sec

tion

35 o

f th

e Se

curit

ies

Indu

stry

(C

entra

l D

epos

itorie

s) A

ct,

1991

, bu

t ex

clud

es th

e D

epos

itory

in it

s ca

paci

ty a

s a b

are

trust

ee.

Min

iste

r Th

e M

inis

ter

of F

inan

ce o

r

Page 26: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

22

18

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

appo

inte

d by

th

e D

irect

ors

unde

r A

rticl

e 88

of

the

se

Arti

cles

.

Secu

ritie

s Sh

all

have

th

e

mea

ning

as

crib

ed t

o it

unde

r Se

ctio

n 2

of t

he S

ecur

ities

Com

mis

sion

A

ct, 1

993.

Secu

ritie

s A

ccou

nt

An

acco

unt e

stab

lishe

d by

the

Dep

osito

ry fo

r a D

epos

itor f

or

the

reco

rdin

g of

de

posi

t of

se

curit

ies

and

for

deal

ing

in

such

se

curit

ies

by

the

Dep

osito

r as

per

mitt

ed u

nder

th

e Se

curit

ies

Indu

stry

(C

entra

l D

epos

itorie

s)

Act

, 19

91.

Taka

ful

A s

chem

e ba

sed

on s

olid

arity

an

d br

othe

rhoo

d w

hich

pr

ovid

es

finan

cial

ai

d an

d as

sist

ance

to

the

parti

cipa

nts

in c

ase

of n

eed

whe

reby

the

pa

rtici

pant

s m

utua

lly a

gree

to

cont

ribut

e fo

r tha

t pur

pose

.

Taka

ful

Com

pany

A

ny c

ompa

ny w

hich

car

ries

Isla

mic

insu

ranc

e bu

sine

ss a

nd

hold

s a

valid

lic

ence

; an

d al

l th

e of

fices

and

bra

nche

s of

su

ch

a co

mpa

ny

shal

l be

the

Min

iste

r fo

r th

e tim

e be

ing

char

ged

with

th

e re

spon

sibi

lity

in

resp

ect

of

the

mat

ter

in q

uest

ion

as t

he

case

may

be.

Mus

lim

Bum

iput

ra

Com

pany

A c

ompa

ny i

ncor

pora

ted

in

Mal

aysi

a th

e m

embe

rshi

p or

sh

areh

olde

rs

whe

reof

is

or

are

rest

ricte

d to

M

uslim

B

umip

utra

.

Mus

lim

Bum

iput

ra

Inst

itutio

n

A b

ody

corp

orat

e or

aut

horit

y in

corp

orat

ed

in

Mal

aysi

a un

der

a Fe

dera

l la

w

of

Mal

aysi

a or

a

law

of

any

St

ate

of

Mal

aysi

a,

or

any

com

pany

in

corp

orat

ed

in

Mal

aysi

a th

e m

embe

rshi

p or

sh

areh

olde

rs

whe

reof

is

or

are

rest

ricte

d to

the

Fed

eral

or

any

Sta

te G

over

nmen

t or

su

ch

body

co

rpor

ate

or

auth

ority

.

the

Off

ice

The

Regi

ster

ed O

ffic

e fo

r the

tim

e be

ing

of th

e C

ompa

ny.

Prox

y In

clud

es

an

atto

rney

du

ly

cons

titut

ed u

nder

a p

ower

of

atto

rney

.

Rec

ord

of

A

reco

rd

prov

ided

by

th

e

Page 27: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

22 23

19

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

deem

ed to

be

one

com

pany

.

Ex

pres

sion

s re

ferr

ing

to w

ritin

g sh

all,

unle

ss th

e co

ntra

ry

inte

ntio

n ap

pear

s be

con

stru

ed a

s in

clud

ing

refe

renc

es to

pr

intin

g, l

ithog

raph

y, p

hoto

grap

hy,

and

othe

r m

odes

of

repr

esen

ting

or re

prod

ucin

g in

a v

isib

le fo

rm.

W

ords

impo

rting

the

sing

ular

num

ber

only

sha

ll in

clud

e th

e pl

ural

num

ber a

nd v

ice

vers

a.

Wor

ds im

porti

ng th

e m

ascu

line

gend

er o

nly

shal

l inc

lude

th

e fe

min

ine

and

neut

er g

ende

rs a

nd v

ice

vers

a.

Wor

ds im

porti

ng p

erso

ns sh

all i

nclu

de c

orpo

ratio

ns.

Subj

ect a

s af

ores

aid,

any

wor

ds o

r exp

ress

ions

con

tain

ed

in th

ese

Arti

cles

sha

ll be

inte

rpre

ted

in a

ccor

danc

e w

ith

the

prov

isio

ns o

f th

e In

terp

reta

tion

Act

196

7, a

nd o

f th

e A

ct a

s in

forc

e at

the

date

at w

hich

thes

e A

rticl

es b

ecom

e bi

ndin

g on

the

Com

pany

. Th

e m

argi

nal n

otes

are

inse

rted

for c

onve

nien

ce o

nly

and

shal

l not

aff

ect t

he c

onst

ruct

ion

of th

ese

Arti

cles

.

Dep

osito

rs

Dep

osito

ry t

o th

e C

ompa

ny

unde

r C

hapt

er

24.0

of

th

e R

ules

of t

he D

epos

itory

.

Reg

iste

r T

he R

egis

ter

of M

embe

rs to

be

kep

t pur

suan

t to

the

Act

an

d un

less

ot

herw

ise

expr

esse

d to

the

con

trar

y,

incl

udes

th

e R

ecor

d of

D

epos

itors

thes

e R

ules

T

hese

R

ules

of

th

e C

onst

itutio

n as

or

igin

ally

fr

amed

or

as f

rom

tim

e to

tim

e al

tere

d by

Sp

ecia

l R

esol

utio

n.

Rul

es

of

the

Dep

osito

ry

Shal

l ha

ve

the

mea

ning

as

crib

ed to

it u

nder

Sec

tion

2 of

th

e Se

curit

ies

Indu

stry

(C

entra

l D

epos

itorie

s)

Act

, 19

91.

the

Seal

Th

e C

omm

on

Seal

of

th

e C

ompa

ny.

the

Secr

etar

y Th

e Se

cret

ary

or

join

t Se

cret

arie

s of

the

Com

pany

ap

poin

ted

by

the

Dire

ctor

s un

der

Arti

cle

88 o

f t

hese

A

rticl

es

Rul

e 10

9 of

th

is C

onst

itutio

n.

Page 28: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

24

20

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Secu

ritie

s Sh

all

have

th

e m

eani

ng

ascr

ibed

to it

und

er S

ectio

n 2

of th

e Se

curit

ies

Com

mis

sion

A

ct, 1

993.

Secu

ritie

s A

ccou

nt

An

acco

unt e

stab

lishe

d by

the

Dep

osito

ry

for

a D

epos

itor

for

the

reco

rdin

g of

dep

osit

of s

ecur

ities

and

for

dea

ling

in

such

se

curit

ies

by

the

Dep

osito

r as

per

mitt

ed u

nder

th

e Se

curit

ies

Indu

stry

(C

entra

l D

epos

itorie

s)

Act

, 19

91.

Taka

ful

A s

chem

e ba

sed

on s

olid

arity

an

d br

othe

rhoo

d w

hich

pr

ovid

es

finan

cial

ai

d an

d as

sist

ance

to

the

parti

cipa

nts

in c

ase

of n

eed

whe

reby

the

pa

rtici

pant

s m

utua

lly a

gree

to

cont

ribut

e fo

r tha

t pur

pose

.

Taka

ful

Com

pany

A

ny c

ompa

ny w

hich

car

ries

Isla

mic

in

sura

nce

busi

ness

an

d ho

lds

a va

lid li

cenc

e; a

nd

all

the

offic

es a

nd b

ranc

hes

of s

uch

a co

mpa

ny s

hall

be

deem

ed to

be

one

com

pany

.

Expr

essi

ons

refe

rrin

g to

writ

ing

shal

l, un

less

the

con

trary

in

tent

ion

appe

ars

be c

onst

rued

as

incl

udin

g re

fere

nces

to

prin

ting,

lit

hogr

aphy

, ph

otog

raph

y,

and

othe

r m

odes

of

Page 29: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

24 25

21

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

repr

esen

ting

or re

prod

ucin

g in

a v

isib

le fo

rm.

W

ords

im

porti

ng t

he s

ingu

lar

num

ber

only

sha

ll in

clud

e th

e pl

ural

num

ber a

nd v

ice

vers

a.

Wor

ds im

porti

ng th

e m

ascu

line

gend

er o

nly

shal

l inc

lude

the

fem

inin

e an

d ne

uter

gen

ders

and

vic

e ve

rsa.

W

ords

impo

rting

per

sons

shal

l inc

lude

cor

pora

tions

. Su

bjec

t as

afo

resa

id, a

ny w

ords

or

expr

essi

ons

cont

aine

d in

th

ese

Arti

cles

th

is C

onst

itutio

n sh

all

be

inte

rpre

ted

in

acco

rdan

ce w

ith th

e pr

ovis

ions

of t

he In

terp

reta

tion

Act

196

7,

and

of th

e A

ct a

s in

for

ce a

t the

dat

e at

whi

ch th

ese

Arti

cles

th

is C

onst

itutio

n be

com

e bi

ndin

g on

the

Com

pany

. Th

e m

argi

nal

note

s ar

e in

serte

d fo

r co

nven

ienc

e on

ly a

nd

shal

l no

t af

fect

th

e co

nstru

ctio

n of

th

ese

Arti

cles

th

is C

onst

itutio

n.

SYA

RIA

H S

HA

RIA

H A

DV

ISO

RY

BO

DY

3.

Syar

iah

Adv

isor

y B

ody

(a)

“The

Com

pany

sha

ll es

tabl

ish

a Sy

aria

h A

dvis

ory

Bod

y as

may

be

appr

oved

by

the

Dire

ctor

Gen

eral

of

Taka

ful

to a

dvis

e th

e C

ompa

ny o

n th

e op

erat

ions

of

its

busi

ness

in o

rder

to e

nsur

e th

at it

doe

s no

t inv

olve

in a

ny

elem

ent w

hich

is n

ot a

ppro

ved

by th

e R

elig

ion

of Is

lam

.”

(b)

“The

Sh

aria

h A

dvis

ory

Bod

y sh

all

com

pris

e M

uslim

relig

ious

scho

lars

and

shal

l hav

e a

min

imum

of f

ive

9.

Sy

aria

h Sh

aria

h A

dvis

ory

Bod

y (a

) “T

he

Com

pany

sh

all

esta

blis

h a

Syar

iah

Shar

iah

Adv

isor

y B

ody

(or

such

oth

er n

ame

as th

e re

leva

nt r

egul

ator

m

ay r

equi

re)

as m

ay b

e ap

prov

ed b

y th

e D

irect

or G

ener

al o

f Ta

kafu

l to

adv

ise

the

Com

pany

on

the

oper

atio

ns o

f its

bus

ines

s in

ord

er to

ens

ure

that

it d

oes

not i

nvol

ve in

any

ele

men

t whi

ch

is n

ot S

hari

ah c

ompl

iant

.” a

ppro

ved

by th

e R

elig

ion

of Is

lam

.”

(b)

“The

Sha

riah

Adv

isor

y B

ody

shal

l co

mpr

ise

Mus

lim

relig

ious

sch

olar

s an

d sh

all

have

a m

inim

um o

f fiv

e (5

) an

d a

Page 30: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

26

22

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(5)

and

a m

axim

um o

f se

ven

(7)

mem

bers

. The

mem

bers

sh

all b

e ap

poin

ted

for

a te

rm n

ot e

xcee

ding

thre

e (3

) ye

ars

and

may

be

elig

ible

for r

eapp

oint

men

t.”

(c)

“The

rem

uner

atio

n of

the

mem

bers

of

the

Syar

iah

Adv

isor

y B

ody

shal

l fr

om t

ime

to t

ime

be d

eter

min

ed b

y th

e C

ompa

ny in

gen

eral

mee

ting.

The

rem

uner

atio

n sh

all b

e de

emed

to

accr

ue d

ay t

o da

y. T

he m

embe

rs m

ay a

lso

be

paid

all

trave

lling

, ho

tel

and

othe

r ex

pens

es,

prop

erly

in

curr

ed b

y th

em in

atte

ndin

g, a

nd re

turn

ing

from

mee

tings

or

in c

onne

ctio

n w

ith th

e ta

sks o

f the

bod

y.”

max

imum

of

se

ven

(7)

mem

bers

. Th

e m

embe

rs

shal

l be

ap

poin

ted

for

a te

rm n

ot e

xcee

ding

thre

e (3

) ye

ars

and

may

be

elig

ible

for r

eapp

oint

men

t.”

(c)

“The

rem

uner

atio

n of

the

mem

bers

of

the

Syar

iah

Shar

iah

Adv

isor

y B

ody

shal

l fro

m ti

me

to ti

me

be d

eter

min

ed

by th

e C

ompa

ny in

gen

eral

mee

ting

the

Boa

rd o

f D

irec

tors

.”

The

rem

uner

atio

n sh

all

be d

eem

ed t

o ac

crue

day

to

day.

The

m

embe

rs m

ay a

lso

be p

aid

all

trave

lling

, ho

tel

and

othe

r ex

pens

es, p

rope

rly in

curr

ed b

y th

em in

atte

ndin

g, a

nd re

turn

ing

from

mee

tings

or i

n co

nnec

tion

with

the

task

s of t

he b

ody.

CO

NT

RO

L

4.

(a

) C

ontro

l Th

e C

ompa

ny

shal

l no

t en

ter

into

an

y m

erge

r, am

alga

mat

ion

or o

ther

arr

ange

men

t w

hich

will

hav

e th

e ef

fect

of

trans

ferr

ing

the

man

agem

ent

or c

ontro

l of

the

C

ompa

ny to

any

fore

igne

r or a

ny fo

reig

n co

rpor

atio

n or

any

co

rpor

atio

n un

der f

orei

gn c

ontro

l. (b

) O

nly

Entit

led

Pers

on to

Hol

d O

ffic

e N

o pe

rson

oth

er th

an a

n En

title

d Pe

rson

sha

ll be

qua

lifie

d to

hol

d of

fice

as C

hief

Exe

cutiv

e O

ffic

er (

by w

hate

ver

nam

e ca

lled)

, Sec

reta

ry o

r Aud

itor o

f the

Com

pany

.

10.

No

amen

dmen

ts re

quire

d.

5.

(a

) N

ot l

ess

than

fift

y-on

e pe

r ce

nt (

51%

) of

sha

res

allo

tted

to

Gov

ernm

ent

and/

or

Mus

lim

Bum

iput

ra

Inst

itutio

n.

The

Dire

ctor

s sh

all

ensu

re t

hat

not

less

tha

n fif

ty-o

ne p

er

cent

(51

%)

of t

he m

embe

rshi

p of

and

the

sha

res

in t

he

11.

(a)

Not

less

than

fifty

-one

per

cen

t (51

%) o

f sha

res

allo

tted

to G

over

nmen

t and

/or M

uslim

Bum

iput

ra In

stitu

tion.

Th

e D

irect

ors

shal

l ens

ure

that

not

less

than

fift

y-on

e pe

r ce

nt

(51%

) of

the

mem

bers

hip

of a

nd t

he s

hare

s in

the

Com

pany

Page 31: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

26 27

23

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Com

pany

shal

l at a

ll tim

es c

onsi

st o

f or b

e is

sued

or a

llotte

d to

or

regi

ster

ed i

n th

e na

me

of t

he F

eder

al a

nd a

ny S

tate

G

over

nmen

t or a

ny M

uslim

Bum

iput

ra In

stitu

tion

or a

bod

y co

rpor

ate,

bei

ng a

Mus

lim B

umip

utra

com

pany

and

not

a

corp

orat

ion

unde

r fo

reig

n co

ntro

l, du

ly a

ppro

ved

for

the

purp

ose

of th

is A

rticl

e by

the

Min

iste

r. Th

e D

irect

ors

shal

l fu

rther

ens

ure

that

the

sai

d sh

ares

so

issu

ed, a

llotte

d to

or

regi

ster

ed s

hall

not

ther

eafte

r at

any

tim

e be

ass

igne

d or

tran

sfer

red

to o

r he

ld b

y an

y pe

rson

or

corp

orat

ion

or o

ther

lega

l per

son

who

is n

ot a

ny o

ne o

f the

ab

oves

tate

d bo

dies

. (b

) Th

e D

irect

ors

of th

e C

ompa

ny s

hall

have

dis

cret

ion

in d

ecid

ing

whe

ther

any

per

son

or c

ompa

ny i

s a

Mus

lim

Bum

iput

ra o

r Mus

lim B

umip

utra

com

pany

and

any

dec

isio

n m

ade

by th

e D

irect

ors

in th

e co

urse

of

the

exer

cise

or

any

disc

retio

n co

nfer

red

upon

them

by

this

Arti

cle

shal

l be

final

an

d w

ithou

t app

eal a

nd th

ey s

hall

not b

e ca

lled

upon

or

if ca

lled

upon

shal

l not

be

boun

d to

giv

e th

eir r

easo

ns fo

r the

ir de

cisi

on.

(c)

If a

maj

ority

of t

he D

irect

ors

certi

fy in

writ

ing

that

th

ere

is in

thei

r op

inio

n re

ason

to b

elie

ve th

at a

ny s

hare

in

the

Com

pany

whi

ch is

allo

tted

or re

gist

ered

in th

e na

me

or

a pe

rson

who

is a

Mus

lim B

umip

utra

or a

com

pany

whi

ch is

a

Mus

lim B

umip

utra

com

pany

or

the

Fede

ral

or S

tate

G

over

nmen

ts o

r a M

uslim

Bum

iput

ra In

stitu

tion

is h

eld

by

or in

trus

t for

or i

n an

y w

ay u

nder

the

cont

rol o

f any

per

son

or o

ther

leg

al p

erso

n w

ho o

r w

hich

is

not

any

of t

he

abov

esta

ted

as th

e ca

se m

ay b

e, th

en a

nd in

any

suc

h ca

se

the

Dire

ctor

s m

ay s

erve

on

the

hold

ers

of s

uch

shar

e a

notic

e in

writ

ing

requ

iring

the

hol

der

to p

rove

to

the

shal

l at

all

times

con

sist

of o

r be

iss

ued

or a

llotte

d to

or

regi

ster

ed in

the

nam

e of

the

Fede

ral a

nd a

ny S

tate

Gov

ernm

ent

or a

ny M

uslim

Bum

iput

ra In

stitu

tion

or a

bod

y co

rpor

ate,

bei

ng

a M

uslim

Bum

iput

ra c

ompa

ny a

nd n

ot a

cor

pora

tion

unde

r fo

reig

n co

ntro

l, du

ly a

ppro

ved

for

the

purp

ose

of t

his

Arti

cle

Rul

e by

the

Min

iste

r. Th

e D

irect

ors

shal

l fur

ther

ens

ure

that

the

said

sha

res

so is

sued

, al

lotte

d to

or

regi

ster

ed s

hall

not

ther

eafte

r at

any

tim

e be

as

sign

ed o

r tra

nsfe

rred

to o

r he

ld b

y an

y pe

rson

or

corp

orat

ion

or o

ther

leg

al p

erso

n w

ho i

s no

t an

y on

e of

the

abo

vest

ated

bo

dies

. (b

) Th

e D

irect

ors

of th

e C

ompa

ny s

hall

have

dis

cret

ion

in

deci

ding

w

heth

er

any

pers

on

or

com

pany

is

a

Mus

lim

Bum

iput

ra o

r M

uslim

Bum

iput

ra c

ompa

ny a

nd a

ny d

ecis

ion

mad

e by

the

Dire

ctor

s in

the

cou

rse

of t

he e

xerc

ise

or a

ny

disc

retio

n co

nfer

red

upon

the

m b

y th

is A

rticl

e R

ule

shal

l be

fin

al a

nd w

ithou

t app

eal a

nd th

ey s

hall

not b

e ca

lled

upon

or i

f ca

lled

upon

sha

ll no

t be

bou

nd t

o gi

ve t

heir

reas

ons

for

thei

r de

cisi

on.

(c)

If a

maj

ority

of t

he D

irect

ors c

ertif

y in

writ

ing

that

ther

e is

in

thei

r op

inio

n re

ason

to

belie

ve t

hat

any

shar

e in

the

C

ompa

ny w

hich

is a

llotte

d or

regi

ster

ed in

the

nam

e or

a p

erso

n w

ho is

a M

uslim

Bum

iput

ra o

r a

com

pany

whi

ch is

a M

uslim

B

umip

utra

com

pany

or

the

Fede

ral o

r St

ate

Gov

ernm

ents

or

a M

uslim

Bum

iput

ra In

stitu

tion

is h

eld

by o

r in

trust

for o

r in

any

way

und

er th

e co

ntro

l of

any

pers

on o

r ot

her

lega

l per

son

who

or

whi

ch is

not

any

of t

he a

bove

stat

ed a

s th

e ca

se m

ay b

e, th

en

and

in a

ny s

uch

case

the

Dire

ctor

s m

ay s

erve

on

the

hold

ers

of

such

sha

re a

not

ice

in w

ritin

g re

quiri

ng t

he h

olde

r to

pro

ve to

th

e sa

tisfa

ctio

n of

the

Dire

ctor

s th

at th

e sh

are

in q

uest

ion

is n

ot

Page 32: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

28

24

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

satis

fact

ion

of th

e D

irect

ors

that

the

shar

e in

que

stio

n is

not

so

hel

d an

d un

less

with

in t

hree

(3)

wee

ks t

here

afte

r su

ch

proo

f is

giv

en, t

he D

irect

ors

may

ser

ve s

uch

hold

er w

ith a

no

tice

in w

ritin

g re

quiri

ng s

uch

hold

er t

o tra

nsfe

r su

ch

shar

es to

any

per

son,

com

pany

or

orga

nisa

tion

or a

utho

rity

qual

ified

to b

e a

mem

ber o

f the

Com

pany

and

app

rove

d by

th

e D

irect

ors

and

unle

ss s

uch

trans

fer

is d

uly

mad

e an

d de

liver

ed t

o th

e C

ompa

ny w

ithin

fou

rteen

(14

) da

ys a

fter

such

not

ice,

the

Dire

ctor

s m

ay s

ell

the

shar

es i

n su

ch

man

ner

as t

hey

thin

k fit

and

the

pro

visi

ons

of A

rticl

es 1

2 an

d 13

incl

usiv

e sh

all a

pply

mut

atis

mut

andi

s.

so h

eld

and

unle

ss w

ithin

thre

e (3

) w

eeks

ther

eafte

r su

ch p

roof

is

giv

en, t

he D

irect

ors

may

ser

ve s

uch

hold

er w

ith a

not

ice

in

writ

ing

requ

iring

suc

h ho

lder

to

trans

fer

such

sha

res

to a

ny

pers

on, c

ompa

ny o

r or

gani

satio

n or

aut

horit

y qu

alifi

ed t

o be

a

Mem

ber

of t

he C

ompa

ny a

nd a

ppro

ved

by t

he D

irect

ors

and

unle

ss s

uch

trans

fer i

s du

ly m

ade

and

deliv

ered

to th

e C

ompa

ny

with

in f

ourte

en (

14)

days

afte

r su

ch n

otic

e, t

he D

irect

ors

may

se

ll th

e sh

ares

in

such

man

ner

as t

hey

thin

k fit

and

the

pr

ovis

ions

of A

rticl

es 1

2 an

d 13

Rul

es 1

7 an

d 18

incl

usiv

e sh

all

appl

y m

utat

is m

utan

dis.

6.

V

aria

tion

of R

ight

s (a

) If

at a

ny t

ime

the

shar

e ca

pita

l is

div

ided

int

o di

ffer

ent c

lass

es o

f sha

res

(i)

the

repa

ymen

t of

pre

fere

nce

capi

tal

othe

r th

an

rede

emab

le p

refe

renc

e ca

pita

l; or

(ii

) th

e rig

hts

atta

ched

to

any

clas

s (u

nles

s ot

herw

ise

prov

ided

by

the

term

s of

iss

ue o

f th

e sh

ares

of

that

cla

ss

incl

udin

g th

at o

f pre

fere

nce

shar

ehol

ders

) m

ay, o

nly

whe

ther

or

not

the

Com

pany

is

bei

ng w

ound

up

, be

mad

e o

r v

arie

d a

s t

he

case

may

be,

with

the

sa

nctio

n of

a s

peci

al re

solu

tion

pass

ed a

t a s

epar

ate

mee

ting

of t

he h

olde

rs o

f th

e sh

ares

of

the

clas

s, PR

OV

IDED

A

LWA

YS

that

whe

re t

he n

eces

sary

maj

ority

for

suc

h a

spec

ial r

esol

utio

n is

not

obt

aine

d at

the

mee

ting,

con

sent

in

writ

ing

if ob

tain

ed fr

om th

e ho

lder

s of t

hree

-four

ths (

3/4)

of

the

pref

eren

ce s

hare

s co

ncer

ned

with

in t

wo

(2)

mon

ths

of

the

mee

ting,

sha

ll be

as

valid

and

eff

ectu

al a

s a

spec

ial

12.

Var

iatio

n of

Rig

hts

(a)

If at

any

tim

e th

e sh

are

capi

tal i

s di

vide

d in

to d

iffer

ent

clas

ses o

f sha

res;

(i)

th

e re

paym

ent

of

pref

eren

ce

capi

tal

othe

r th

an

rede

emab

le p

refe

renc

e ca

pita

l; or

(ii

) th

e rig

hts

atta

ched

to

an

y cl

ass

(unl

ess

othe

rwis

e pr

ovid

ed b

y th

e te

rms

of i

ssue

of

the

shar

es o

f th

at c

lass

in

clud

ing

that

of p

refe

renc

e sh

areh

olde

rs)

may

, onl

y w

heth

er o

r no

t th

e C

ompa

ny i

s b

eing

wou

nd u

p,

be m

ade

or

varie

d a

s th

e c

ase

may

be,

with

the

sanc

tion

of a

sp

ecia

l res

olut

ion

pass

ed a

t a s

epar

ate

mee

ting

of th

e ho

lder

s of

th

e sh

ares

of

the

clas

s, PR

OV

IDED

ALW

AY

S th

at w

here

the

nece

ssar

y m

ajor

ity f

or s

uch

a sp

ecia

l res

olut

ion

is n

ot o

btai

ned

at th

e m

eetin

g, c

onse

nt in

writ

ing

if ob

tain

ed fr

om th

e ho

lder

s of

thre

e-fo

urth

s (3

/4)

of t

he p

refe

renc

e sh

ares

con

cern

ed w

ithin

tw

o (2

) mon

ths

of th

e m

eetin

g, s

hall

be a

s va

lid a

nd e

ffec

tual

as

a sp

ecia

l res

olut

ion

carr

ied

at th

e m

eetin

g.

Page 33: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

28 29

25

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

reso

lutio

n ca

rrie

d at

the

mee

ting.

(b

) Th

e pr

ovis

ions

of

thes

e A

rticl

es r

elat

ing

to g

ener

al

mee

tings

app

ly s

o fa

r as

they

are

cap

able

of a

pplic

atio

n an

d m

utat

is m

utan

dis

to e

very

suc

h se

para

te m

eetin

g ex

cept

th

at-

(i)

a qu

orum

is

cons

titut

ed b

y th

ree

(3)

pers

ons

who

, be

twee

n th

em, h

old

or r

epre

sent

by

prox

y on

e-th

ird o

f th

e is

sued

shar

es o

f cla

ss; a

nd

(ii)

any

hold

er o

f sh

ares

of

the

clas

s, pr

esen

t in

pers

on

or b

y pr

oxy

may

dem

and

a po

ll.

(c)

The

right

s co

nfer

red

upon

the

hold

ers

of th

e sh

ares

of

any

cla

ss i

ssue

d w

ith p

refe

rred

or

othe

r rig

hts

shal

l, un

less

oth

erw

ise

expr

essl

y pr

ovid

ed b

y th

e te

rms o

f iss

ue o

f sh

ares

of t

hat c

lass

, be

deem

ed to

be

varie

d by

the

crea

tion

or i

ssue

of

furth

er s

hare

s ra

nkin

g eq

ually

with

the

firs

t-m

entio

ned

shar

es.

(d)

To e

very

spe

cial

res

olut

ion

the

prov

isio

ns o

f th

e A

ct sh

all w

ith su

ch a

dapt

ion

as a

re n

eces

sary

app

ly.

(b)

The

prov

isio

ns

of

thes

e A

rticl

es t

his

Con

stitu

tion

rela

ting

to g

ener

al m

eetin

gs a

pply

so

far

as th

ey a

re c

apab

le o

f ap

plic

atio

n an

d m

utat

is m

utan

dis t

o ev

ery

such

sepa

rate

mee

ting

exce

pt th

at-

(i)

a qu

orum

is

cons

titut

ed b

y th

ree

(3)

pers

ons

who

, be

twee

n th

em, h

old

or re

pres

ent b

y pr

oxy

one-

third

of t

he is

sued

sh

ares

of t

he c

lass

; and

(ii

) an

y ho

lder

of s

hare

s of t

he c

lass

, pre

sent

in p

erso

n or

by

prox

y m

ay d

eman

d a

poll.

(c

) Th

e rig

hts

conf

erre

d up

on t

he h

olde

rs o

f th

e sh

ares

of

any

clas

s is

sued

with

pre

ferr

ed o

r ot

her

right

s sh

all,

unle

ss

othe

rwis

e ex

pres

sly

prov

ided

by

the

term

s of

issu

e of

sha

res

of

that

cla

ss, b

e de

emed

to

be v

arie

d by

the

cre

atio

n or

iss

ue o

f fu

rther

shar

es ra

nkin

g eq

ually

with

the

first

-men

tione

d sh

ares

. (d

) To

eve

ry s

peci

al r

esol

utio

n th

e pr

ovis

ions

of

the

Act

sh

all w

ith su

ch a

dapt

atio

n as

are

nec

essa

ry a

pply

. (e

) For

the

purp

oses

of t

his R

ule

(i) w

here

a p

erso

n is

rep

rese

nted

by

a pr

oxy

or p

roxi

es, h

e is

trea

ted

as h

oldi

ng o

nly

the

shar

es h

eld

in r

espe

ct o

f w

hich

th

e pr

oxy

or p

roxi

es a

re a

utho

rise

d to

exe

rcise

vot

ing

righ

ts;

(ii)

any

amen

dmen

t of

a

prov

ision

co

ntai

ned

in

this

Con

stitu

tion

for

the

vari

atio

n of

the

rig

hts

atta

ched

to

a cl

ass

of s

hare

s or

the

rig

hts

of a

cla

ss o

f M

embe

rs, o

r th

e

Page 34: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

30

26

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

inse

rtio

n of

any

such

pro

visi

on in

to th

is C

onst

itutio

n, is

itse

lf to

be

trea

ted

as a

var

iatio

n of

thos

e ri

ghts

; and

(ii

i) re

fere

nces

to th

e va

riat

ion

of r

ight

s att

ache

d to

a c

lass

of

shar

es o

r a

clas

s of

Mem

bers

inc

lude

ref

eren

ces

to t

he

abro

gatio

n.

(f) A

var

iatio

n of

cla

ss r

ight

s sh

all t

ake

effe

ct in

acc

orda

nce

with

the

Act

.

SHA

RE

CA

PIT

AL

7.

Sh

are

Capi

tal

Aut

horis

ed sh

are

capi

tal

The

auth

oris

ed c

apita

l of t

he C

ompa

ny is

Rin

ggit

Mal

aysi

a Fi

ve H

undr

ed M

illio

n (R

M50

0,00

0,00

0-00

) di

vide

d in

to

Two

Bill

ion

and

Five

Hun

dred

Mill

ion

(2,5

00,0

00,0

00)

ordi

nary

shar

es o

f Sen

Tw

enty

(RM

0.20

) eac

h.

13.

Shar

e Ca

pita

l A

utho

rised

shar

e ca

pita

l Th

e au

thor

ised

cap

ital o

f the

Com

pany

is R

ingg

it M

alay

sia

Five

H

undr

ed M

illio

n (R

M50

0,00

0,00

0-00

) div

ided

into

Tw

o B

illio

n an

d Fi

ve H

undr

ed M

illio

n (2

,500

,000

,000

) or

dina

ry s

hare

s of

Se

n Tw

enty

(RM

0.20

) eac

h.

(1) S

hare

s in

the

Com

pany

may

(a)

be is

sued

in d

iffer

ent c

lass

es;

(b)

be r

edee

mab

le in

acc

orda

nce

with

the

Act

; (c

) co

nfer

pre

fere

ntia

l rig

hts

to d

istri

butio

ns o

f c

apita

l or

inco

me;

(d

) co

nfer

spec

ial,

limite

d or

con

ditio

nal v

otin

g ri

ghts

; or

(e)

not c

onfe

r vo

ting

righ

ts.

[New

Rul

e]

14.

(a) S

ubje

ct to

Rul

e 14

(b),

the

Dir

ecto

rs sh

all n

ot e

xerc

ise a

ny

pow

er to

Page 35: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

30 31

27

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(i) a

llot s

hare

s in

the

Com

pany

; (ii

) gr

ant r

ight

s to

subs

crib

e fo

r sh

ares

in th

e C

ompa

ny ;

(iii)

conv

ert

any

secu

ritie

s in

to s

hare

s in

the

Com

pany

; or

(iv

) allo

t sha

res u

nder

an

agre

emen

t or

optio

n or

off

er,

unle

ss t

he p

rior

app

rova

l by

way

of

ordi

nary

res

olut

ion

of

the

Com

pany

has

bee

n ob

tain

ed.

(b)

Save

whe

re a

n iss

ue o

f sh

ares

or

othe

r co

nver

tible

se

curi

ties

depa

rts

from

any

of

the

appl

icab

le r

equi

rem

ents

st

ipul

ated

in

para

grap

h 6.

04 o

f th

e L

istin

g R

equi

rem

ents

, th

e re

quir

emen

t in

Rul

e 14

(a) s

hall

not a

pply

to –

(i)

an a

llotm

ent o

f sha

res o

r gr

ant o

f rig

hts p

ursu

ant t

o an

off

er m

ade

to M

embe

rs o

f th

e C

ompa

ny i

n pr

opor

tion

to th

e M

embe

rs’ s

hare

hold

ings

; (ii

) an

allo

tmen

t of s

hare

s or

gran

t of r

ight

s pur

suan

t to

a bo

nus i

ssue

of s

hare

s to

Mem

bers

of t

he C

ompa

ny

in p

ropo

rtio

n to

the

Mem

bers

’ sha

reho

ldin

gs;

(iii)

an

allo

tmen

t of

sh

ares

to

a

prom

oter

of

th

e C

ompa

ny th

at th

e pr

omot

er h

as a

gree

d to

take

; or

(iv)

shar

es w

hich

are

to

be i

ssue

d as

con

sider

atio

n or

pa

rt c

onsi

dera

tion

for

the

acqu

isitio

n of

sha

res

or

asse

ts b

y th

e C

ompa

ny a

nd t

he M

embe

rs o

f th

e C

ompa

ny h

ave

been

not

ified

of

the

inte

ntio

n to

is

sue

the

shar

es a

t le

ast

four

teen

(14

) da

ys b

efor

e th

e iss

ue o

f the

shar

es.

Page 36: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

32

28

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(c)

For

the

purp

oses

of

Rul

e 14

(b)(

iv),

Mem

bers

of

the

Com

pany

ar

e de

emed

to

ha

ve

been

no

tifie

d of

th

e C

ompa

ny’s

inte

ntio

n to

issu

e sh

ares

if –

(i)

a co

py o

f th

e st

atem

ent

expl

aini

ng t

he p

urpo

se o

f th

e in

tend

ed is

sue

of s

hare

s ha

s be

en s

ent

to e

very

M

embe

r at

his

last

kno

wn

addr

ess

acco

rdin

g to

the

Reg

iste

r; a

nd

(ii)

the

copy

of t

he st

atem

ent h

as b

een

adve

rtis

ed in

one

(1

) w

idel

y ci

rcul

ated

new

spap

er i

n M

alay

sia

in

Bah

asa

Mal

aysi

a an

d on

e (1

) w

idel

y ci

rcul

ated

ne

wsp

aper

in M

alay

sia

in th

e E

nglis

h la

ngua

ge.

8.

(a) S

peci

al R

ight

s (i)

W

ithou

t pr

ejud

ice

to a

ny s

peci

al r

ight

s pr

evio

usly

co

nfer

red

on th

e ho

lder

s of

any

exi

stin

g sh

ares

or

clas

s of

sh

ares

, any

sha

re in

the

Com

pany

may

be

issu

ed w

ith s

uch

pref

erre

d,

defe

rred

or

ot

her

spec

ial

right

s or

su

ch

rest

rictio

ns, w

heth

er in

rega

rd to

div

iden

d, v

otin

g re

turn

of

capi

tal o

r oth

erw

ise

as th

e C

ompa

ny m

ay fr

om ti

me

to ti

me

by o

rdin

ary

reso

lutio

n de

term

ined

.

(ii)

If th

e C

ompa

ny a

t an

y tim

e is

sues

pre

fere

nce

capi

tal,

it sh

all i

ndic

ate

at th

e sa

me

time

whe

ther

it re

serv

es

the

right

to is

sue

furth

er p

refe

renc

e ca

pita

l ran

king

equ

ally

w

ith o

r in

prio

rity

to p

refe

renc

e sh

ares

alre

ady

issu

ed.

15.

Pref

eren

ce sh

ares

(a

) Spe

cial

Rig

hts

(i)

With

out

prej

udic

e to

an

y sp

ecia

l rig

hts

prev

ious

ly

conf

erre

d on

the

hol

ders

of

any

exis

ting

shar

es o

r cl

ass

of

shar

es,

any

shar

e in

the

Com

pany

may

be

issu

ed w

ith s

uch

pref

erre

d, d

efer

red

or o

ther

spe

cial

rig

hts

or s

uch

rest

rictio

ns,

whe

ther

in

rega

rd t

o di

vide

nd,

votin

g re

turn

of

capi

tal

or

othe

rwis

e as

the

Com

pany

may

fro

m ti

me

to ti

me

by o

rdin

ary

reso

lutio

n de

term

ined

.

(ii)

If th

e C

ompa

ny a

t any

tim

e is

sues

pre

fere

nce

capi

tal,

it sh

all i

ndic

ate

at th

e sa

me

time

whe

ther

it r

eser

ves

the

right

to

issu

e fu

rther

pre

fere

nce

capi

tal

rank

ing

equa

lly w

ith o

r in

pr

iorit

y to

pre

fere

nce

shar

es a

lread

y is

sued

.

Page 37: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

32 33

29

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(b)

Red

eem

able

pre

fere

nce

shar

es

The

Com

pany

sha

ll ha

ve p

ower

to is

sue

pref

eren

ce s

hare

s ca

rryi

ng a

rig

ht to

red

empt

ion

out o

f pr

ofits

or

liabl

e to

be

rede

emed

at

th

e op

tion

of

the

Com

pany

or

to

is

sue

pref

eren

ce c

apita

l ra

nkin

g eq

ually

with

or

in p

riorit

y to

pr

efer

ence

sha

res

alre

ady

issu

ed a

nd t

he D

irect

ors

may

, su

bjec

t to

the

prov

isio

ns o

f the

Act

, red

eem

suc

h sh

ares

on

such

ter

ms

and

in s

uch

man

ner

and

eith

er a

t pa

r or

at

a pr

emiu

m a

s the

y m

ay th

ink

fit.

(c)

Shar

es to

be

unde

r con

trol o

f Dire

ctor

s (i)

Su

bjec

t to

the

prov

isio

ns o

f the

Act

and

app

rova

l of

the

shar

ehol

ders

in g

ener

al m

eetin

g, t

he s

hare

s sh

all b

e at

th

e di

spos

al o

f th

e D

irect

ors

and

they

may

allo

t, gr

ant

optio

ns o

r ot

herw

ise

disp

ose

of t

hem

to

such

per

sons

at

such

tim

es a

nd o

n su

ch te

rms

and

eith

er a

t a p

rem

ium

or a

t pa

r or a

t a d

isco

unt a

nd a

t suc

h tim

es a

s th

e D

irect

ors

thin

k fit

. (ia

) Su

bjec

t to

any

dire

ctio

n to

the

cont

rary

that

may

be

give

n by

the

Com

pany

in g

ener

al m

eetin

g, a

ll ne

w S

hare

s or

oth

er c

onve

rtibl

e Se

curit

ies s

hall,

bef

ore

issu

e, b

e of

fere

d to

Mem

bers

or s

uch

pers

ons

who

at t

he d

ate

of th

e of

fer a

re

entit

led

to r

ecei

ve n

otic

es f

rom

the

Com

pany

of

gene

ral

mee

tings

in

prop

ortio

n as

nea

rly a

s th

e ci

rcum

stan

ces

adm

it, to

the

amou

nt o

f the

exi

sting

Sha

res

or S

ecur

ities

to

whi

ch th

ey a

re e

ntitl

ed.

The

offe

r sh

all b

e m

ade

by n

otic

e sp

ecify

ing

the

num

ber

of S

hare

s or

Sec

uriti

es o

ffer

ed, a

nd

(b)

Red

eem

able

pre

fere

nce

shar

es

The

Com

pany

sha

ll ha

ve p

ower

to

issu

e pr

efer

ence

sha

res

carr

ying

a r

ight

to

rede

mpt

ion

out

of p

rofit

s or

lia

ble

to b

e re

deem

ed a

t the

opt

ion

of th

e C

ompa

ny o

r to

issu

e pr

efer

ence

ca

pita

l ran

king

equ

ally

with

or

in p

riorit

y to

pre

fere

nce

shar

es

alre

ady

issu

ed a

nd th

e D

irect

ors

may

, sub

ject

to th

e pr

ovis

ions

of

the

Act

, re

deem

suc

h sh

ares

on

such

ter

ms

and

in s

uch

man

ner a

nd e

ither

at p

ar o

r at a

pre

miu

m a

s the

y m

ay th

ink

fit.

(c)

Shar

es to

be

unde

r con

trol o

f Dire

ctor

s (i)

Su

bjec

t to

the

prov

isio

ns o

f the

Act

and

app

rova

l of t

he

shar

ehol

ders

in

gene

ral

mee

ting,

the

sha

res

shal

l be

at

the

disp

osal

of

the

Dire

ctor

s an

d th

ey m

ay a

llot,

gran

t op

tions

or

othe

rwis

e di

spos

e of

them

to s

uch

pers

ons

at s

uch

times

and

on

such

term

s and

eith

er a

t a p

rem

ium

or a

t par

or a

t a d

isco

unt a

nd

at su

ch ti

mes

as t

he D

irect

ors t

hink

fit.

(c)

Pre-

empt

ion

(ia

) (i)

Subj

ect t

o an

y di

rect

ion

to th

e co

ntra

ry th

at m

ay b

e gi

ven

by t

he C

ompa

ny i

n ge

nera

l m

eetin

g, a

ll ne

w S

hare

s or

oth

er

conv

ertib

le S

ecur

ities

sha

ll, b

efor

e is

sue,

be

offe

red

to M

embe

rs

or s

uch

pers

ons

who

at

the

date

of

the

offe

r ar

e en

title

d to

re

ceiv

e no

tices

fro

m t

he C

ompa

ny o

f ge

nera

l m

eetin

gs i

n pr

opor

tion

as n

early

as

the

circ

umst

ance

s ad

mit,

to th

e am

ount

of

the

exi

stin

g Sh

ares

or

Secu

ritie

s to

whi

ch t

hey

are

entit

led.

Th

e of

fer

shal

l be

mad

e by

not

ice

spec

ifyin

g th

e nu

mbe

r of

Sh

ares

or

Secu

ritie

s of

fere

d, a

nd l

imiti

ng a

tim

e w

ithin

whi

ch

Page 38: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

34

30

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

limiti

ng a

tim

e w

ithin

whi

ch th

e of

fer,

if no

t acc

epte

d, w

ill

be d

eem

ed to

be

decl

ined

, and

, afte

r the

exp

iry o

f tha

t tim

e,

or o

n th

e re

ceip

t of a

n in

timat

ion

from

the

pers

on to

who

m

the

offe

r is

mad

e th

at h

e de

clin

es t

o ac

cept

the

Sha

res

or

Secu

ritie

s of

fere

d, t

he D

irect

ors

may

dis

pose

of

thos

e Sh

ares

or

Secu

ritie

s in

suc

h m

anne

r as

the

y th

ink

mos

t be

nefic

ial

to t

he C

ompa

ny.

The

Dire

ctor

s m

ay l

ikew

ise

also

dis

pose

of

any

new

Sha

res

or S

ecur

ities

whi

ch (

by

reas

on o

f the

ratio

whi

ch th

e ne

w S

hare

s or

Sec

uriti

es b

ear

to S

hare

s or

Sec

uriti

es h

eld

by p

erso

ns e

ntitl

ed to

an

offe

r of

new

Sha

res

or S

ecur

ities

) ca

nnot

, in

the

opin

ion

of t

he

Dire

ctor

s, be

con

veni

ently

off

ered

und

er th

is A

rticl

e.

(ii)

The

right

s at

tach

ing

to s

hare

s of

a c

lass

oth

er th

an

ordi

nary

shar

es sh

all b

e ex

pres

sed.

(d

) Tr

ansf

er o

f con

trolli

ng in

tere

st

(i)

The

Com

pany

sha

ll no

t is

sue

shar

es t

o tra

nsfe

r a

cont

rolli

ng i

nter

est

with

out

prio

r ap

prov

al o

f sh

areh

olde

rs

in g

ener

al m

eetin

g.

(ii)

No

Dire

ctor

shal

l par

ticip

ate

in a

n is

sue

of sh

ares

to

empl

oyee

s un

less

sha

reho

lder

s in

gen

eral

mee

ting

have

ap

prov

ed o

f th

e sp

ecifi

c al

lotm

ent

to b

e m

ade

to s

uch

Dire

ctor

. (e

) R

ight

s of p

refe

renc

e sh

areh

olde

rs

(i)

Pref

eren

ce s

hare

hold

ers

shal

l hav

e th

e sa

me

right

s as

or

dina

ry

shar

ehol

ders

as

re

gard

s re

ceiv

ing

notic

es,

the

offe

r, if

not

acce

pted

, will

be

deem

ed t

o be

dec

lined

, and

, af

ter

the

expi

ry o

f th

at ti

me,

or

on th

e re

ceip

t of

an in

timat

ion

from

the

pers

on to

who

m th

e of

fer

is m

ade

that

he

decl

ines

to

acce

pt t

he S

hare

s or

Sec

uriti

es o

ffer

ed,

the

Dire

ctor

s m

ay

disp

ose

of t

hose

Sha

res

or S

ecur

ities

in

such

man

ner

as t

hey

thin

k m

ost

bene

ficia

l to

the

Com

pany

. T

he D

irect

ors

may

lik

ewis

e al

so d

ispo

se o

f any

new

Sha

res

or S

ecur

ities

whi

ch (b

y re

ason

of

the

ratio

whi

ch th

e ne

w S

hare

s or

Sec

uriti

es b

ear

to

Shar

es o

r Sec

uriti

es h

eld

by p

erso

ns e

ntitl

ed to

an

offe

r of n

ew

Shar

es o

r Sec

uriti

es) c

anno

t, in

the

opin

ion

of th

e D

irect

ors,

be

conv

enie

ntly

off

ered

und

er th

is A

rticl

e C

onst

itutio

n.

(ii)

The

right

s at

tach

ing

to s

hare

s of

a c

lass

oth

er t

han

ordi

nary

shar

es sh

all b

e ex

pres

sed.

(d

) Tr

ansf

er o

f con

trolli

ng in

tere

st

(i)

The

Com

pany

sha

ll no

t is

sue

shar

es t

o tra

nsfe

r a

cont

rolli

ng i

nter

est

with

out

prio

r ap

prov

al o

f sh

areh

olde

rs i

n ge

nera

l mee

ting.

(ii

) N

o D

irect

or s

hall

parti

cipa

te i

n an

iss

ue o

f sh

ares

to

empl

oyee

s un

less

sh

areh

olde

rs

in

gene

ral

mee

ting

have

ap

prov

ed o

f the

spec

ific

allo

tmen

t to

be m

ade

to su

ch D

irect

or.

(e)

Rig

hts o

f pre

fere

nce

shar

ehol

ders

(i)

Pr

efer

ence

sha

reho

lder

s sh

all

have

the

sam

e rig

hts

as

ordi

nary

sha

reho

lder

s as

reg

ards

rec

eivi

ng n

otic

es,

repo

rts,

Page 39: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

34 35

31

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

repo

rts, a

udite

d ac

coun

ts a

nd b

alan

ce s

heet

s an

d at

tend

ing

gene

ral m

eetin

gs o

f the

Com

pany

. (ii

) Th

e ho

lder

of

a pr

efer

ence

sha

re s

hall

have

a r

ight

to

vot

e in

eac

h of

the

follo

win

g ci

rcum

stan

ces,

nam

ely:

- a)

w

hen

the

divi

dend

or

part

of t

he d

ivid

end

on t

he

shar

e is

in a

rrea

rs fo

r mor

e th

an si

x (6

) mon

ths;

b)

on

a p

ropo

sal

to r

educ

e th

e sh

are

capi

tal

of t

he

Com

pany

; c)

on

a p

ropo

sal f

or t

he d

ispo

sal o

f th

e w

hole

of

the

Com

pany

’s p

rope

rty, b

usin

ess a

nd u

nder

taki

ng;

d)

on a

pro

posa

l tha

t aff

ects

the

right

s at

tach

ed to

the

shar

e;

e)

on a

pro

posa

l to

win

d-up

the

Com

pany

; and

f)

du

ring

the

win

ding

-up

of t

he C

ompa

ny.

(iii)

The

repa

ymen

t of

pre

fere

nce

capi

tal

othe

r th

an

rede

emab

le p

refe

renc

e ca

pita

l or

any

oth

er a

ltera

tion

of

pref

eren

ce s

hare

hold

ers’

righ

ts, m

ay o

nly

be m

ade

purs

uant

to

a

spec

ial

reso

lutio

n of

th

e pr

efer

ence

sh

areh

olde

rs

conc

erne

d,

prov

ided

al

way

s th

at

whe

re

the

nece

ssar

y m

ajor

ity fo

r suc

h a

spec

ial r

esol

utio

n is

not

obt

aine

d at

the

mee

ting,

con

sent

in w

ritin

g, if

obt

aine

d fr

om th

e ho

lder

s of

th

ree-

four

ths

of th

e pr

efer

ence

cap

ital c

once

rned

with

in tw

o (2

) Mon

ths o

f the

mee

ting,

shal

l be

as v

alid

and

eff

ectu

al a

s a

spec

ial r

esol

utio

n ca

rrie

d at

the

mee

ting.

audi

ted

acco

unts

and

bal

ance

she

ets

and

atte

ndin

g ge

nera

l m

eetin

gs o

f the

Com

pany

. (ii

) Th

e ho

lder

of

a pr

efer

ence

sha

re s

hall

have

a r

ight

to

vote

in e

ach

of t

he fo

llow

ing

circ

umst

ance

s, na

mel

y:-

a)

whe

n th

e di

vide

nd o

r par

t of t

he d

ivid

end

on th

e sh

are

is

in a

rrea

rs fo

r mor

e th

an si

x (6

) mon

ths;

b)

on

a

prop

osal

to

re

duce

th

e sh

are

capi

tal

of

the

Com

pany

; c)

on

a p

ropo

sal

for

the

disp

osal

of

the

who

le o

f th

e C

ompa

ny’s

pro

perty

, bus

ines

s and

und

erta

king

; d)

on

a p

ropo

sal

that

aff

ects

the

rig

hts

atta

ched

to

the

shar

e;

e)

on a

pro

posa

l to

win

d-up

the

Com

pany

; and

f)

du

ring

the

win

ding

-up

of t

he C

ompa

ny.

(i)

Pref

eren

ce s

hare

hold

ers

are

not e

ntitl

ed to

the

righ

t to

vot

e on

a r

esol

utio

n or

to a

ny r

ight

to p

artic

ipat

e be

yond

a

spec

ified

am

ount

in

any

dist

ribu

tion

whe

ther

by

way

of

divi

dend

, or

on r

edem

ptio

n, in

a w

indi

ng u

p, o

r ot

herw

ise.

(ii)

The

repa

ymen

t of

pr

efer

ence

ca

pita

l ot

her

than

re

deem

able

pr

efer

ence

ca

pita

l or

an

y ot

her

alte

ratio

n of

pr

efer

ence

sha

reho

lder

s’ ri

ghts

, may

onl

y be

mad

e pu

rsua

nt to

a

spec

ial

reso

lutio

n of

the

pre

fere

nce

shar

ehol

ders

con

cern

ed,

prov

ided

alw

ays

that

whe

re t

he n

eces

sary

maj

ority

for

suc

h a

spec

ial

reso

lutio

n is

not

obt

aine

d at

the

mee

ting,

con

sent

in

writ

ing,

if

obta

ined

fro

m t

he h

olde

rs o

f th

ree-

four

ths

of t

he

pref

eren

ce c

apita

l co

ncer

ned

with

in t

wo

(2)

mon

ths

of t

he

mee

ting,

sha

ll be

as

valid

and

eff

ectu

al a

s a

spec

ial r

esol

utio

n

Page 40: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

36

32

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(f)

Pow

er to

diff

eren

tiate

Th

e D

irect

ors

may

, on

the

iss

ue o

f sh

ares

diff

eren

tiate

be

twee

n th

e ho

lder

s of

suc

h sh

ares

as

to th

e am

ount

of c

alls

to b

e pa

id a

nd th

e tim

es o

f pay

men

t of s

uch

calls

. (g

) Pa

ymen

t of c

omm

issi

on a

nd b

roke

rage

(i)

Th

e C

ompa

ny m

ay e

xerc

ise

the

pow

ers

to m

ake

paym

ents

by

way

of c

omm

issi

on o

r bro

kera

ge c

onfe

rred

by

the

Act

, and

in th

e m

anne

r pro

vide

d th

erei

n.

(ii)

Paym

ents

by

way

of c

omm

issi

on o

r bro

kera

ge m

ay

be s

atis

fied

by th

e pa

ymen

t of c

ash,

by

allo

tmen

t of f

ully

or

partl

y pa

id s

hare

s or

par

tly b

y th

e pa

ymen

t of

cas

h an

d pa

rtly

by th

e al

lotm

ent o

f ful

ly o

r par

tly p

aid

shar

es.

(h)

Trus

t aff

ectin

g sh

ares

Ex

cept

in re

latio

n to

any

per

son

(whe

ther

bod

y co

rpor

ate

or

othe

rwis

e) h

oldi

ng sh

are

upon

any

trus

t for

th

e G

over

nmen

t, th

e C

ompa

ny is

not

bou

nd b

y or

com

pelle

d in

an

y w

ay t

o re

cogn

ise

(whe

ther

or

not

it ha

s no

tice

of t

he

inte

rest

or

right

s co

ncer

ned)

any

equ

itabl

e, c

ontin

gent

, fu

ture

or

parti

al in

tere

st in

any

sha

re o

r un

it of

a s

hare

or

(exc

ept a

s ot

herw

ise

prov

ided

by

thes

e A

rticl

es o

r by

law

) an

y ot

her

right

in r

espe

ct o

f sh

are

exce

pt a

n ab

solu

te r

ight

of

ow

ners

hip

in th

e re

gist

ered

hol

der.

carr

ied

at th

e m

eetin

g.

(f)

Pow

er to

diff

eren

tiate

Th

e D

irect

ors

may

, on

the

issu

e of

sha

res

diff

eren

tiate

bet

wee

n th

e ho

lder

s of

suc

h sh

ares

as

to th

e am

ount

of

calls

to b

e pa

id

and

the

times

of p

aym

ent o

f suc

h ca

lls.

(g)

Paym

ent o

f com

mis

sion

and

bro

kera

ge

(i)

The

Com

pany

m

ay

exer

cise

th

e po

wer

s to

m

ake

paym

ents

by

way

of c

omm

issi

on o

r bro

kera

ge c

onfe

rred

by

the

Act

, and

in th

e m

anne

r pro

vide

d th

erei

n.

(ii)

Paym

ents

by

way

of

com

mis

sion

or

brok

erag

e m

ay b

e sa

tisfie

d by

the

paym

ent o

f cas

h, b

y al

lotm

ent o

f ful

ly o

r par

tly

paid

sha

res

or p

artly

by

the

paym

ent o

f ca

sh a

nd p

artly

by

the

allo

tmen

t of f

ully

or p

artly

pai

d sh

ares

. (h

) Tr

ust a

ffec

ting

shar

es

Exce

pt i

n re

latio

n to

any

per

son

(whe

ther

bod

y co

rpor

ate

or

othe

rwis

e) h

oldi

ng s

hare

upo

n an

y tru

st fo

r the

Gov

ernm

ent,

the

Com

pany

is n

ot b

ound

by

or c

ompe

lled

in a

ny w

ay to

reco

gnis

e (w

heth

er o

r not

it h

as n

otic

e of

the

inte

rest

or r

ight

s co

ncer

ned)

an

y eq

uita

ble,

con

tinge

nt, f

utur

e or

par

tial i

nter

est i

n an

y sh

are

or u

nit

of a

sha

re o

r (e

xcep

t as

oth

erw

ise

prov

ided

by

thes

e A

rticl

es t

his

Con

stitu

tion

or b

y la

w) a

ny o

ther

righ

t in

resp

ect

of s

hare

exc

ept a

n ab

solu

te r

ight

of

owne

rshi

p in

the

regi

ster

ed

hold

er a

nd n

o no

tice

of a

ny t

rust

exp

ress

ed,

impl

ied

or

cons

truc

tive

shal

l be

ent

ered

ont

o th

e R

egist

er o

r an

y

Page 41: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

36 37

33

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(i)

Pow

er to

ask

for p

artic

ular

s Th

e C

ompa

ny i

s em

pow

ered

to

requ

ire a

ny m

embe

r or

tra

nsfe

ree

prio

r to

reg

istra

tion

of t

rans

fer

to f

urni

sh t

he

natu

re o

f his

sha

reho

ldin

g an

d m

ay a

lso

requ

ire a

trus

tee

or

nom

inee

to p

rovi

de s

uch

parti

cula

rs to

ena

ble

the

Com

pany

to

ide

ntify

the

ben

efic

ial

owne

rs a

nd t

he n

atur

e of

the

ir in

tere

st.

(j)

Shar

es n

ot t

o be

reg

iste

red

in t

he n

ame

of m

inor

, pe

rson

of u

nsou

nd m

ind,

etc

Sh

ares

may

be

regi

ster

ed i

n th

e na

me

of a

n in

corp

orat

ed

com

pany

or

othe

r co

rpor

ate

body

but

not

in th

e na

me

of a

m

inor

or a

per

son

of u

nsou

nd m

ind

or w

ho is

inso

lven

t or i

n th

e na

me

of a

ny fi

rm o

r par

tner

ship

. (k

) Jo

int h

olde

rs o

f sha

res t

o ho

ld a

s joi

nt te

nant

s W

here

two

or m

ore

pers

ons

are

regi

ster

ed a

s th

e ho

lder

s of

an

y sh

are,

they

shal

l be

deem

ed to

hol

d th

e

sam

e as

jo

int

tena

nts

with

ben

efit

of s

urvi

vors

hip

subj

ect

to t

he

follo

win

g pr

ovis

ions

:- (i)

Th

e C

ompa

ny s

hall

not b

e bo

und

to r

egis

ter

mor

e th

an t

hree

(3)

per

sons

as

the

hold

ers

of a

ny s

hare

exc

ept

whe

re s

uch

pers

ons

are

the

exec

utor

s or

tru

stee

s of

a

dece

ased

shar

ehol

der.

bran

ch r

egist

er.

(i)

Pow

er to

ask

for p

artic

ular

s Th

e C

ompa

ny

is

empo

wer

ed

to

requ

ire

any

Mem

ber

or

trans

fere

e pr

ior t

o re

gist

ratio

n of

tran

sfer

to fu

rnis

h th

e na

ture

of

his

shar

ehol

ding

and

may

als

o re

quire

a tr

uste

e or

nom

inee

to

prov

ide

such

par

ticul

ars

to e

nabl

e th

e C

ompa

ny to

iden

tify

the

bene

ficia

l ow

ners

and

the

natu

re o

f the

ir in

tere

st.

(j)

Shar

es n

ot to

be

regi

ster

ed in

the

nam

e of

min

or, p

erso

n of

uns

ound

min

d, e

tc

Shar

es m

ay b

e re

gist

ered

in

the

nam

e of

an

inco

rpor

ated

co

mpa

ny o

r oth

er c

orpo

rate

bod

y bu

t not

in th

e na

me

of a

min

or

or a

per

son

of u

nsou

nd m

ind

or w

ho is

inso

lven

t or i

n th

e na

me

of a

ny fi

rm o

r par

tner

ship

. (k

) Jo

int h

olde

rs o

f sha

res t

o ho

ld a

s joi

nt te

nant

s W

here

two

or m

ore

pers

ons

are

regi

ster

ed a

s th

e ho

lder

s of

any

sh

are,

they

shal

l be

deem

ed to

hol

d th

e s

ame

as j

oint

ten

ants

with

ben

efit

of su

rviv

orsh

ip su

bjec

t to

the

follo

win

g pr

ovis

ions

:- (i)

Th

e C

ompa

ny s

hall

not b

e bo

und

to r

egis

ter

mor

e th

an

thre

e (3

) per

sons

as

the

hold

ers

of a

ny s

hare

exc

ept w

here

suc

h pe

rson

s are

the

exec

utor

s or t

rust

ees o

f a d

ecea

sed

shar

ehol

der.

Page 42: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

38

34

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(ii)

The

join

t hol

ders

of a

sha

re s

hall

be li

able

seve

rally

as

wel

l as

join

tly in

resp

ect o

f all

paym

ents

whi

ch o

ught

to

be m

ade

in re

spec

t of s

uch

shar

e.

(iii)

On

the

deat

h of

any

one

of

such

join

t hol

ders

, the

su

rviv

or

shal

l be

th

e on

ly

pers

on

reco

gnis

ed

by

the

Com

pany

as

havi

ng a

ny ti

tle to

suc

h sh

are

but t

he D

irect

ors

may

requ

ire su

ch e

vide

nce

of d

eath

as t

hey

may

dee

m fi

t. (iv

) A

ny o

ne o

f su

ch j

oint

hol

ders

may

giv

e ef

fect

ual

rece

ipts

for a

ny d

ivid

end

paya

ble

to su

ch jo

int h

olde

rs.

(v)

Onl

y th

e pe

rson

who

se n

ame

stan

ds f

irst

in t

he

Reg

iste

r of

Mem

bers

as

one

of t

he j

oint

hol

ders

of

any

shar

e sh

all

be e

ntitl

ed t

o th

e de

liver

y of

the

cer

tific

ate

rela

ting

to s

uch

shar

e or

to

rece

ive

notic

es f

rom

the

C

ompa

ny a

nd a

ny n

otic

e gi

ven

to s

uch

pers

ons

shal

l be

de

emed

not

ice

to a

ll th

e jo

int h

olde

rs.

(ii)

The

join

t hol

ders

of

a sh

are

shal

l be

liabl

e se

vera

lly a

s w

ell

as j

oint

ly i

n re

spec

t of

all

paym

ents

whi

ch o

ught

to

be

mad

e in

resp

ect o

f suc

h sh

are.

(ii

i) O

n th

e de

ath

of a

ny o

ne o

f su

ch j

oint

hol

ders

, th

e su

rviv

or s

hall

be th

e on

ly p

erso

n re

cogn

ised

by

the

Com

pany

as

havi

ng a

ny ti

tle to

such

shar

e bu

t the

Dire

ctor

s may

requ

ire su

ch

evid

ence

of d

eath

as t

hey

may

dee

m fi

t. (iv

) A

ny o

ne o

f su

ch j

oint

hol

ders

may

giv

e ef

fect

ual

rece

ipts

for a

ny d

ivid

end

paya

ble

to su

ch jo

int h

olde

rs.

(v)

Onl

y th

e pe

rson

who

se n

ame

stan

ds fi

rst i

n th

e R

egis

ter

of M

embe

rs a

s on

e of

the

joi

nt h

olde

rs o

f an

y sh

are

shal

l be

en

title

d to

the

deliv

ery

of th

e ce

rtific

ate

rela

ting

to su

ch s

hare

or

to r

ecei

ve n

otic

es f

rom

the

Com

pany

and

any

not

ice

give

n to

su

ch p

erso

ns sh

all b

e de

emed

not

ice

to a

ll th

e jo

int h

olde

rs.

C

ER

TIF

ICA

TE

9.

(a) I

ssue

of C

ertif

icat

es

The

certi

ficat

es fo

r all

shar

es s

hall

be is

sued

und

er s

eal a

nd

sign

ed b

y on

e D

irect

or a

nd c

ount

ersi

gned

by

the

Secr

etar

y or

by

a se

cond

Dire

ctor

or s

ome

othe

r per

son

appo

inte

d by

th

e D

irect

ors;

or

with

the

aut

horit

y of

a r

esol

utio

n of

the

D

irect

ors

and

subj

ect

to t

he a

ppro

val

of t

he C

ompa

ny’s

A

udito

rs f

or th

e tim

e be

ing,

suc

h ce

rtific

ate

may

be

issu

ed

unde

r th

e se

al w

ith s

uch

sign

atur

es a

ffix

ed b

y m

eans

of

som

e m

etho

d or

syst

em o

f mec

hani

cal s

igna

ture

.

- To

be

dele

ted.

Page 43: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

38 39

35

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(b) M

embe

r ent

itled

to sh

are

certi

ficat

e Su

bjec

t to

th

e pr

ovis

ions

of

th

e A

ct,

the

Cent

ral

Dep

osito

ries

Act

and

the

Rul

es o

f th

e D

epos

itory

, ev

ery

mem

ber

shal

l be

entit

led

to r

ecei

ve w

ithin

ten

(10)

mar

ket

days

afte

r allo

tmen

t or w

ithin

fifte

en (1

5) m

arke

t day

s af

ter

lodg

emen

t of

tra

nsfe

r a

certi

ficat

e sp

ecify

ing

the

shar

es

allo

tted

or t

rans

ferr

ed t

o hi

m a

nd t

he a

mou

nt p

aid

up

ther

eon,

pro

vide

d th

at i

n th

e ca

se o

f jo

int

hold

ers

the

Com

pany

sha

ll no

t be

bou

nd t

o is

sue

mor

e th

an o

ne

certi

ficat

e to

all

the

join

t ho

lder

s an

d de

liver

y of

suc

h ce

rtific

ate

to a

ny o

ne o

f the

m s

hall

be s

uffic

ient

del

iver

y to

al

l suc

h ho

lder

s. (c

) Add

ition

al sh

are

certi

ficat

e Ev

ery

mem

ber s

hall

be e

ntitl

ed to

rece

ive

shar

e ce

rtific

ates

in

reas

onab

le d

enom

inat

ions

for h

is h

oldi

ngs i

f any

mem

ber

shal

l re

quire

mor

e th

an o

ne c

ertif

icat

e in

res

pect

of

the

shar

es r

egis

tere

d in

his

nam

e he

sha

ll pa

y su

ch f

ee n

ot

exce

edin

g R

ingg

it M

alay

sia

Thre

e (R

M3-

00)

as s

hall

be

dete

rmin

ed b

y th

e D

irect

ors,

the

Exch

ange

or

any

othe

r st

ock

exch

ange

on

whi

ch t

he C

ompa

ny’s

sha

res

are

liste

d pl

us a

ny s

tam

p du

ty le

vied

by

the

Gov

ernm

ent f

rom

tim

e to

tim

e.

10

. (a

) Is

sue

of n

ew c

ertif

icat

e in

pla

ce o

f on

e de

face

d, lo

st o

r de

stro

yed

Su

bjec

t to

th

e pr

ovis

ions

of

th

e A

ct,

the

Cent

ral

Dep

osito

ries A

ct, a

nd th

e Ru

les o

f the

Dep

osito

ry:-

(i)

If

any

certi

ficat

e is

wor

n ou

t or

defa

ced

then

upo

n

- To

be

dele

ted.

Page 44: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

40

36

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

prod

uctio

n th

ereo

f to

the

Dire

ctor

s, th

ey m

ay o

rder

the

sa

me

to b

e ca

ncel

led

and

may

issu

e a

new

cer

tific

ate

in li

eu

ther

eof.

(ii)

If an

y ce

rtific

ate

is lo

st o

r des

troye

d or

sto

len,

then

up

on p

roof

ther

eof

to th

e sa

tisfa

ctio

n of

the

Dire

ctor

s an

d on

su

ch

inde

mni

ty

bein

g gi

ven

by

the

shar

ehol

ders

, tra

nsfe

ree,

per

sons

ent

itled

, pur

chas

er, o

r mem

ber-

com

pany

of

the

Exc

hang

e or

on

beha

lf of

its

/thei

r cl

ient

/s,

as t

he

Dire

ctor

s de

em a

dequ

ate

bein

g gi

ven

a ne

w c

ertif

icat

e in

lie

u th

ereo

f sha

ll be

issu

ed to

the

party

ent

itled

to s

uch

lost

or

des

troye

d or

stol

en c

ertif

icat

e.

(b)

Fee

and

cost

For

ever

y ce

rtific

ate

issu

ed u

nder

Sub

-arti

cle

(a)(

ii) t

here

sh

all

be p

aid

to t

he C

ompa

ny s

uch

sum

not

exc

eedi

ng

Rin

ggit

Mal

aysi

a Th

ree

(RM

3-00

) as

sha

ll be

det

erm

ined

by

the

Dire

ctor

s, th

e Ex

chan

ge o

r any

oth

er s

tock

exc

hang

e on

whi

ch th

e C

ompa

ny’s

sha

res

are

liste

d in

add

ition

to a

ll ex

pens

es

incl

udin

g ou

t-of-p

ocke

t ex

pens

es

incu

rred

in

conn

ectio

n w

ith th

e in

vest

igat

ion

by t

he c

ompa

ny o

f su

ch

loss

or d

estru

ctio

n.

(c)

Del

iver

y or

iss

ue o

f ce

rtific

ate

of s

hare

s so

ld b

y D

irect

ors

Whe

n an

y sh

ares

are

sold

by

the

Dire

ctor

s und

er th

e po

wer

s in

that

beh

alf i

n th

ese

Arti

cles

and

the

certi

ficat

e th

ereo

f has

no

t bee

n de

liver

ed u

p to

the

Com

pany

by

the

form

er h

olde

r of

the

said

sha

res,

the

Dire

ctor

s m

ay is

sue

a ne

w c

ertif

icat

e fo

r suc

h sh

ares

dis

tingu

ishi

ng it

in su

ch m

anne

r as t

hey

may

th

ink

fit fr

om th

e ce

rtific

ate

not s

o de

liver

ed u

p.

Page 45: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

40 41

37

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

LIE

N

11.

Com

pany

to h

ave

lien

on sh

ares

and

div

iden

ds

(i)

The

Com

pany

sha

ll ha

ve a

firs

t and

par

amou

nt li

en

upon

all

shar

es (n

ot b

eing

fully

pai

d) re

gist

ered

in th

e na

me

of a

ny m

embe

r, ei

ther

alo

ne o

r joi

ntly

with

any

oth

er p

erso

n fo

r hi

s de

bts,

liabi

litie

s an

d en

gage

men

ts w

heth

er s

olel

y or

jo

intly

with

any

oth

er p

erso

n to

or

with

the

Com

pany

w

heth

er th

e pe

riod

for t

he p

aym

ent f

ulfil

men

t or d

isch

arge

, th

ereo

f sha

ll ha

ve a

ctua

lly a

rriv

ed o

r not

and

suc

h lie

n sh

all

exte

nd to

all

divi

dend

s fro

m ti

me

to ti

me

decl

ared

in re

spec

t of

suc

h sh

ares

and

suc

h am

ount

s as

the

Com

pany

may

be

calle

d up

on b

y la

w t

o pa

y in

res

pect

of

the

Shar

es o

f th

e m

embe

r or

dec

ease

d m

embe

r bu

t the

Dire

ctor

s m

ay a

t any

tim

e de

clar

e an

y sh

are

to b

e w

holly

or i

n pa

rt ex

empt

from

th

e pr

ovis

ions

of t

his A

rticl

e.

(ii)

The

Com

pany

’s li

en o

n Sh

ares

and

div

iden

ds fr

om

time

to t

ime

decl

ared

in

resp

ect

of s

uch

Shar

es,

shal

l be

re

stric

ted

to u

npai

d ca

lls a

nd in

stal

men

ts u

pon

the

spec

ific

Shar

es in

resp

ect o

f whi

ch su

ch m

oney

s are

due

and

unp

aid,

an

d to

suc

h am

ount

s as

the

Com

pany

may

be

calle

d up

on

by la

w to

pay

and

has

pai

d in

res

pect

of

the

Shar

es o

f th

e M

embe

r or

dec

ease

d M

embe

r an

d if

Shar

es w

ere

acqu

ired

unde

r an

empl

oyee

shar

e op

tion

sche

me,

am

ount

s whi

ch a

re

owed

to th

e C

ompa

ny fo

r acq

uirin

g th

em. I

n ea

ch s

uch

case

th

e lie

n ex

tend

s to

re

ason

able

in

tere

st

and

expe

nses

in

curr

ed o

n th

e un

paid

cal

ls.

16.

Com

pany

to h

ave

lien

on sh

ares

and

div

iden

ds

(i)(a

) Th

e C

ompa

ny s

hall

have

a f

irst a

nd p

aram

ount

lien

, in

prio

rity

to

any

othe

r cl

aim

, up

on a

ll sh

ares

(no

t be

ing

fully

pa

id)

regi

ster

ed i

n th

e na

me

of a

ny M

embe

r, ei

ther

alo

ne o

r jo

intly

with

any

oth

er p

erso

n fo

r hi

s de

bts,

liabi

litie

s an

d en

gage

men

ts w

heth

er s

olel

y or

join

tly w

ith a

ny o

ther

per

son

to

or w

ith t

he C

ompa

ny w

heth

er t

he p

erio

d fo

r th

e pa

ymen

t fu

lfilm

ent o

r dis

char

ge, t

here

of sh

all h

ave

actu

ally

arr

ived

or n

ot

and

such

lie

n sh

all

exte

nd t

o al

l di

vide

nds

from

tim

e to

tim

e de

clar

ed i

n re

spec

t of

suc

h sh

ares

and

suc

h am

ount

s as

the

C

ompa

ny m

ay b

e ca

lled

upon

by

law

to

pay

in r

espe

ct o

f th

e Sh

ares

of

the

Mem

ber

or d

ecea

sed

Mem

ber

but

the

Dire

ctor

s m

ay a

t an

y tim

e de

clar

e an

y sh

are

to b

e w

holly

or

in p

art

exem

pt fr

om th

e pr

ovis

ions

of t

his A

rticl

e R

ule.

( ii

)(b)

Th

e C

ompa

ny’s

lien

on

Shar

es a

nd d

ivid

ends

from

tim

e to

tim

e de

clar

ed in

resp

ect o

f suc

h Sh

ares

, sha

ll be

rest

ricte

d to

un

paid

cal

ls a

nd in

stal

men

ts u

pon

the

spec

ific

Shar

es in

resp

ect

of w

hich

suc

h m

oney

s ar

e du

e an

d un

paid

, and

to s

uch

amou

nts

as th

e C

ompa

ny m

ay b

e ca

lled

upon

by

law

to p

ay a

nd h

as p

aid

in re

spec

t of t

he S

hare

s of t

he M

embe

r or d

ecea

sed

Mem

ber a

nd

if Sh

ares

w

ere

acqu

ired

unde

r an

em

ploy

ee

shar

e op

tion

sche

me,

am

ount

s w

hich

are

ow

ed to

the

Com

pany

for a

cqui

ring

them

. In

each

suc

h ca

se th

e lie

n ex

tend

s to

rea

sona

ble

inte

rest

prof

it an

d ex

pens

es in

curr

ed o

n th

e un

paid

cal

ls.

12.

Lien

may

be

enfo

rced

by

sale

of s

hare

s Th

e D

irect

ors

may

sel

l an

y sh

ares

sub

ject

to

such

lie

n at

su

ch ti

me

or ti

mes

and

in s

uch

man

ner a

s th

ey th

ink

fit b

ut

17.

Lien

may

be

enfo

rced

by

sale

of s

hare

s Th

e D

irect

ors

may

sel

l any

sha

res

subj

ect t

o su

ch li

en a

t suc

h tim

e or

tim

es a

nd in

suc

h m

anne

r as

they

thin

k fit

but

no

sale

Page 46: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

42

38

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

no s

ale

shal

l be

mad

e un

til s

uch

time

as t

he m

oney

s in

re

spec

t of

whi

le s

uch

lien

exis

t is

lia

ble

to b

e pr

esen

tly

fulfi

lled

or d

isch

arge

d an

d un

til a

dem

and

and

notic

e in

w

ritin

g st

atin

g th

e am

ount

due

or s

peci

fyin

g th

e lia

bilit

y or

en

gage

men

t an

d de

man

ding

pa

ymen

t or

fu

lfillm

ent

or

disc

harg

e th

ereo

f, an

d gi

ving

not

ice

of in

tent

ion

to s

ell i

n de

faul

t, sh

all

have

bee

n se

rved

on

such

mem

ber

or t

he

pers

ons

(if a

ny)

entit

led

by tr

ansm

issi

on to

the

shar

es, a

nd

defa

ult i

n pa

ymen

t, fu

lfillm

ent o

r dis

char

ge s

hall

have

bee

n m

ade

by h

im o

r th

em f

or f

ourte

en (

14)

days

afte

r su

ch

notic

e.

shal

l be

mad

e un

til s

uch

time

as th

e m

oney

s in

resp

ect o

f whi

le

such

lie

n ex

ist

is l

iabl

e to

be

pres

ently

ful

fille

d or

dis

char

ged

and

until

a d

eman

d an

d no

tice

in w

ritin

g st

atin

g th

e am

ount

due

or

sp

ecify

ing

the

liabi

lity

or

enga

gem

ent

and

dem

andi

ng

paym

ent o

r ful

fillm

ent o

r dis

char

ge th

ereo

f, an

d gi

ving

not

ice

of

inte

ntio

n to

sel

l in

def

ault,

sha

ll ha

ve b

een

serv

ed o

n su

ch

mem

ber

or th

e pe

rson

s (if

any

) en

title

d by

tran

smis

sion

to th

e sh

ares

, an

d de

faul

t in

pay

men

t, fu

lfillm

ent

or d

isch

arge

sha

ll ha

ve b

een

mad

e by

him

or

them

for

fou

rteen

(14

) da

ys a

fter

such

not

ice.

E

nfor

cing

Lie

n by

Sal

e (a

) T

he C

ompa

ny m

ay s

ell

any

shar

e ov

er w

hich

it

has

a lie

n in

such

man

ner

as th

e D

irec

tors

thin

k ap

prop

riat

e.

(b

) T

he C

ompa

ny m

ay n

ot se

ll an

y sh

ares

und

er R

ule

17(a

) un

less

(i)

a s

um in

res

pect

of w

hich

the

lien

exis

ts is

pre

sent

ly

paya

ble;

and

(ii)

four

teen

(14

) da

ys h

ave

expi

red

from

a w

ritt

en

notic

e gi

ven

to th

e re

gist

ered

hol

der

of th

e sh

are,

or

the

pers

on e

ntitl

ed t

o th

e sh

are

by r

easo

n of

dea

th

or b

ankr

uptc

y of

the

reg

iste

red

hold

er, s

tatin

g an

d de

man

ding

pay

men

t of

the

am

ount

in

resp

ect

of

whi

ch th

e lie

n ex

ists a

s is p

rese

ntly

pay

able

.

13.

Dire

ctor

s may

aut

horis

e tra

nsfe

r and

ent

er p

urch

aser

’s n

ame

in th

e re

gist

er

To g

ive

effe

ct to

any

such

sale

the

Dire

ctor

s may

aut

horiz

e

18.

No

amen

dmen

ts re

quire

d.

Page 47: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

42 43

39

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

som

e pe

rson

to tr

ansf

er th

e sh

ares

sold

to th

e pu

rcha

ser a

nd

may

ent

er th

e pu

rcha

ser’

s nam

e in

the

regi

ster

as h

olde

r of

the

shar

es, a

nd th

e pu

rcha

ser s

hall

not b

e bo

und

to se

e to

th

e ap

plic

atio

n of

the

purc

hase

mon

ey, n

ot sh

all h

is ti

tle to

th

e sh

ares

be

affe

cted

by

any

irreg

ular

ity o

r inv

alid

ity in

the

proc

eedi

ngs i

n re

fere

nce

to th

e sa

le.

14

. A

pplic

atio

n of

pro

ceed

s of s

ale

The

net p

roce

eds

of a

ny s

uch

sale

sha

ll be

app

lied

first

, in

paym

ent

of a

ll co

sts

of t

he s

ale,

nex

t in

or

tow

ards

sa

tisfa

ctio

n of

the

am

ount

due

to

the

Com

pany

or

of t

he

liabi

lity

or e

ngag

emen

t, as

the

case

may

be,

and

the

bala

nce

(if a

ny) s

hall

be p

aid

to th

e m

embe

r or t

he p

erso

ns (i

f any

) en

title

d by

tran

smis

sion

to th

e sh

ares

so so

ld.

19.

No

amen

dmen

ts re

quire

d.

15.

Mem

ber

not

entit

led

to p

rivile

ges

of m

embe

rshi

p un

til a

ll ca

lls p

aid

No

mem

ber

shal

l be

entit

led

to r

ecei

ve a

ny d

ivid

end

or to

ex

erci

se a

ny p

rivile

ges a

s a m

embe

r unt

il he

shal

l hav

e pa

id

all c

alls

for t

he ti

me

bein

g du

e an

d pa

yabl

e on

eve

ry s

hare

he

ld b

y hi

m, w

heth

er a

lone

or j

oint

ly w

ith a

ny o

ther

per

son,

to

geth

er w

ith e

xpen

ses (

if an

y).

20.

Mem

ber

not e

ntitl

ed to

priv

ilege

s of

mem

bers

hip

until

all

calls

pa

id

No

Mem

ber

shal

l be

ent

itled

to

rece

ive

any

divi

dend

or

to

exer

cise

any

priv

ilege

s as

a M

embe

r unt

il he

sha

ll ha

ve p

aid

all

calls

for t

he ti

me

bein

g du

e an

d pa

yabl

e on

eve

ry s

hare

hel

d by

hi

m,

whe

ther

alo

ne o

r jo

intly

with

any

oth

er p

erso

n, t

oget

her

with

exp

ense

s (if

any)

.

CA

LL

S O

N S

HA

RE

S 16

. C

alls

(a)

The

Dire

ctor

s m

ay, f

rom

tim

e to

tim

e, m

ake

such

ca

lls a

s th

ey t

hink

fit

upon

the

mem

bers

in

resp

ect

of a

ll m

oney

s un

paid

on

any

shar

es h

eld

by t

hem

res

pect

ivel

y w

hich

, at

the

tim

e of

allo

tmen

t th

ereo

f, w

ere

not

mad

e

21.

Cal

ls (a

) Th

e D

irect

ors

may

, fro

m ti

me

to ti

me,

mak

e su

ch c

alls

as t

hey

thin

k fit

upo

n th

e M

embe

rs i

n re

spec

t of

all

mon

eys

unpa

id o

n an

y sh

ares

hel

d by

the

m r

espe

ctiv

ely

whi

ch, a

t th

e tim

e of

allo

tmen

t the

reof

, wer

e no

t mad

e pa

yabl

e at

fixe

d tim

es.

Page 48: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

44

40

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

paya

ble

at fi

xed

times

. (b

) Ea

ch m

embe

r sha

ll pa

y th

e am

ount

of e

very

cal

l so

mad

e on

him

to

the

pers

ons

and

at t

he t

imes

and

pla

ces

appo

inte

d by

the

Dire

ctor

s. (c

) A

cal

l m

ay b

e m

ade

paya

ble

by i

nsta

lmen

ts a

nd

shal

l be

deem

ed to

hav

e be

en m

ade

whe

n th

e re

solu

tion

of

the

Dire

ctor

s aut

horis

ing

such

cal

l was

pas

sed.

(d

) Th

e jo

int

hold

ers

of a

sha

re s

hall

be j

oint

ly a

nd

seve

rally

liab

le to

pay

all

calls

in re

spec

t the

reof

.

(b)

Each

mem

ber

shal

l pa

y th

e am

ount

of

ever

y ca

ll so

m

ade

on h

im t

o th

e pe

rson

s an

d at

the

tim

es a

nd p

lace

s ap

poin

ted

by th

e D

irect

ors.

(b)

N

o ca

ll sh

all e

xcee

d on

e fo

urth

(1/

4) o

f th

e is

sued

pr

ice

of th

e sh

are

or b

e pa

yabl

e at

less

than

thir

ty (3

0) d

ays

from

the

dat

e fix

ed f

or t

he p

aym

ent

of t

he l

ast

prec

edin

g ca

ll.

(b)(

c)

Each

Mem

ber

shal

l pa

y th

e am

ount

of

ever

y ca

ll so

m

ade

on h

im t

o th

e pe

rson

s an

d at

the

tim

es a

nd p

lace

s ap

poin

ted

by th

e D

irect

ors.

(c)(

d)

A c

all m

ay b

e m

ade

paya

ble

by in

stal

men

ts a

nd s

hall

be

deem

ed to

hav

e be

en m

ade

whe

n th

e re

solu

tion

of th

e D

irect

ors

auth

oris

ing

such

cal

l was

pas

sed.

(d

) Th

e jo

int

hold

ers

of

a sh

are

shal

l be

joi

ntly

an

d se

vera

lly li

able

to p

ay a

ll ca

lls in

resp

ect t

here

of.

17

. N

otic

e of

cal

l (a

) Fo

urte

en (1

4) d

ays

notic

e of

any

cal

l sha

ll be

giv

en

spec

ifyin

g th

e tim

e an

d pl

ace

of p

aym

ent a

nd to

who

m su

ch

call

shal

l be

paid

. (b

) B

efor

e th

e tim

e fo

r pa

ymen

t the

Dire

ctor

s m

ay b

y no

tice

in w

ritin

g to

the

mem

bers

rev

oke

the

call

who

lly o

r in

par

t or e

xten

d th

e tim

e fo

r pay

men

t.

22.

Not

ice

of c

all

(a)

Four

teen

(14

) da

ys n

otic

e of

any

cal

l sh

all

be g

iven

sp

ecify

ing

the

time

and

plac

e of

pay

men

t and

to w

hom

such

cal

l sh

all b

e pa

id.

(b)

Bef

ore

the

time

for

paym

ent

the

Dire

ctor

s m

ay b

y no

tice

in w

ritin

g to

the

Mem

bers

rev

oke

the

call

who

lly o

r in

pa

rt or

ext

end

the

time

for p

aym

ent.

Page 49: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

44 45

41

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

18.

Sum

s pa

yabl

e on

al

lotm

ent

or

at

fixed

tim

es

or

by

inst

alm

ents

dee

med

to b

e ca

lls

Any

sum

tha

t, by

the

ter

ms

of i

ssue

of

a sh

are

beco

mes

pa

yabl

e on

allo

tmen

t or a

t a fi

xed

date

or b

y in

stal

men

ts a

t fix

ed ti

mes

, whe

ther

on

acco

unt o

f the

nom

inal

val

ue o

f the

sh

are

or b

y w

ay o

f pre

miu

m, s

hall

for t

he p

urpo

ses

of th

ese

Arti

cles

be

deem

ed to

be

a ca

ll du

ly m

ade

and

paya

ble

on

the

date

on

whi

ch b

y th

e te

rms

of is

sue

the

sum

bec

omes

pa

yabl

e, a

nd,

in c

ase

of n

on-p

aym

ent,

all

the

rele

vant

pr

ovis

ions

of

thes

e A

rticl

es a

s to

pay

men

t of

exp

ense

s, fo

rfei

ture

or

othe

rwis

e ap

ply

as i

f th

e su

m h

ad b

ecom

e pa

yabl

e by

virt

ue o

f a c

all d

uly

mad

e an

d no

tifie

d.

23.

Sum

s pa

yabl

e on

allo

tmen

t or

at f

ixed

tim

es o

r by

inst

alm

ents

de

emed

to b

e ca

lls

Any

A s

um t

hat,

by t

he t

erm

s of

iss

ue o

f a

shar

e be

com

es

paya

ble

on a

llotm

ent o

r at a

fixe

d da

te o

r by

inst

alm

ents

at f

ixed

tim

es, w

heth

er o

n ac

coun

t of

the

nom

inal

val

ue o

f th

e sh

are

or

by w

ay o

f pre

miu

m, s

hall

for t

he p

urpo

ses

of th

ese

Arti

cles

this

C

onst

itutio

n be

dee

med

to b

e a

call

duly

mad

e an

d pa

yabl

e on

th

e da

te o

n w

hich

by

the

term

s of

issu

e th

e su

m o

f th

e sh

ares

be

com

es p

ayab

le, a

nd, i

n ca

se o

f no

n-pa

ymen

t, al

l the

rel

evan

t pr

ovis

ions

of

thes

e A

rticl

es t

his

Con

stitu

tion

as to

pay

men

t of

expe

nses

, fo

rfei

ture

or

othe

rwis

e ap

ply

as i

f th

e su

m h

ad

beco

me

paya

ble

by v

irtue

of a

cal

l dul

y m

ade

and

notif

ied.

19.

Proo

f of d

ebt

On

the

trial

or h

earin

g of

any

act

ion

for t

he re

cove

ry o

f any

m

oney

due

for

any

cal

l, it

shal

l be

suff

icie

nt to

pro

ve th

at

the

nam

e of

the

mem

ber

sued

is e

nter

ed in

the

Reg

iste

r of

M

embe

rs a

s the

hol

der o

r one

of t

he h

olde

rs o

f the

shar

es in

re

spec

t of

whi

ch s

uch

debt

acc

rued

tha

t th

e re

solu

tion

mak

ing

the

call

is d

uly

reco

rded

in th

e m

inut

e bo

ok a

nd th

at

notic

e of

suc

h ca

ll w

as d

uly

give

n to

the

mem

ber

sued

in

purs

uanc

e of

thes

e A

rticl

es; a

nd it

sha

ll no

t be

nece

ssar

y to

pr

ove

the

appo

intm

ent o

f the

Dire

ctor

s w

ho m

ade

such

cal

l, no

r th

at th

e m

eetin

g at

whi

ch a

ny c

all w

as m

ade

was

dul

y co

nven

ed a

nd c

onst

itute

d no

r any

oth

er m

atte

rs w

hats

oeve

r, bu

t th

e pr

oof

of t

he m

atte

rs a

fore

said

sha

ll be

con

clus

ive

evid

ence

of t

he d

ebt.

24.

Proo

f of d

ebt

On

the

trial

or

hear

ing

of a

ny a

ctio

n fo

r th

e re

cove

ry o

f an

y m

oney

due

for

any

cal

l, it

shal

l be

suff

icie

nt to

pro

ve th

at th

e na

me

of t

he M

embe

r su

ed i

s en

tere

d in

the

Reg

iste

r as

the

ho

lder

or

one

of t

he h

olde

rs o

f th

e sh

ares

in

resp

ect o

f w

hich

su

ch d

ebt

accr

ued

that

the

res

olut

ion

mak

ing

the

call

is d

uly

reco

rded

in

the

min

ute

book

and

tha

t no

tice

of s

uch

call

was

du

ly g

iven

to

the

Mem

ber

sued

in p

ursu

ance

of

thes

e A

rticl

es

Rul

es; a

nd it

sha

ll no

t be

nece

ssar

y to

pro

ve th

e ap

poin

tmen

t of

the

Dire

ctor

s w

ho m

ade

such

cal

l, no

r tha

t the

mee

ting

at w

hich

an

y ca

ll w

as m

ade

was

dul

y co

nven

ed a

nd c

onst

itute

d no

r an

y ot

her m

atte

rs w

hats

oeve

r, bu

t the

pro

of o

f the

mat

ters

afo

resa

id

shal

l be

conc

lusi

ve e

vide

nce

of th

e de

bt.

Page 50: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

46

42

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

20.

Paym

ent o

f cal

ls in

adv

ance

Th

e D

irect

ors

may

if th

ey th

ink

fit, a

ccep

t fro

m a

mem

ber

the

who

le o

r a

part

of t

he a

mou

nt u

npai

d on

a s

hare

al

thou

gh n

o pa

rt of

that

am

ount

has

bee

n ca

lled

up.

25.

Paym

ent o

f cal

ls in

adv

ance

Th

e D

irect

ors

may

if th

ey th

ink

fit, a

ccep

t fro

m a

Mem

ber

the

who

le o

r a p

art o

f the

am

ount

unp

aid

on a

shar

e al

thou

gh n

o pa

rt of

that

am

ount

has

bee

n ca

lled

up.

21.

Cap

ital p

aid

on sh

ares

in a

dvan

ce o

f cal

ls

Cap

ital p

aid

on sh

ares

in a

dvan

ce o

f cal

ls sh

all b

e tre

ated

as

a lo

an t

o th

e C

ompa

ny a

nd n

ot a

s pa

rt of

its

cap

ital

and

shal

l be

rep

ayab

le a

t an

ytim

e if

the

Dire

ctor

s so

dec

ide.

Su

ch c

apita

l sh

all

not

carr

y in

tere

st o

r co

nfer

a r

ight

to

parti

cipa

te in

pro

fits.

26.

Cap

ital p

aid

on sh

ares

in a

dvan

ce o

f cal

ls

(a) C

apita

l pai

d on

sha

res

in a

dvan

ce o

f cal

ls s

hall

be tr

eate

d as

a

loan

to th

e C

ompa

ny a

nd n

ot a

s pa

rt of

its

capi

tal a

nd s

hall

be

repa

yabl

e at

any

time

if th

e D

irect

ors

so d

ecid

e. S

uch

capi

tal

shal

l no

t, ca

rry

inte

rest

or

unle

ss a

ll ca

lls o

r ot

her

sum

s pr

esen

tly p

ayab

le b

y th

e M

embe

r in

res

pect

of h

is sh

are

has

been

pai

d, c

onfe

r a ri

ght t

o pa

rtici

pate

in p

rofit

s. (b

) U

pon

all o

r an

y pa

rt o

f th

e m

oney

adv

ance

d is

rece

ived

by

the

Dir

ecto

rs f

rom

the

Mem

ber

beco

me

paya

ble,

the

C

ompa

ny m

ay p

ay p

rofit

or

com

pens

atio

n at

a r

ate

not

exce

edin

g ei

ght p

er c

ent (

8%) p

er a

nnum

as

may

be

agre

ed

upon

bet

wee

n th

e D

irec

tors

and

the

Mem

ber

payi

ng th

e su

m

in a

dvan

ce,

unle

ss t

he C

ompa

ny i

n a

gene

ral

mee

ting

othe

rwise

dir

ects

.

22.

Diff

eren

ce in

cal

ls

The

Dire

ctor

s m

ay,

on t

he i

ssue

of

shar

es,

diff

eren

tiate

be

twee

n th

e ho

lder

s as

to th

e am

ount

of c

alls

to b

e pa

id a

nd

the

times

of p

aym

ent.

27.

No

amen

dmen

ts re

quire

d.

Page 51: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

46 47

43

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

TR

AN

SFE

R O

F SH

AR

ES

23.

(a)

Tran

sfer

of S

ecur

ities

(i)

Su

bjec

t to

th

e re

stric

tions

co

ntai

ned

in

thes

e A

rticl

es a

nd a

s ot

herw

ise

prov

ided

und

er t

he S

ecur

ities

In

dust

ry (C

entra

l Dep

osito

ries)

Act

, 199

1 an

d th

e R

ules

and

R

egul

atio

ns m

ade

purs

uant

ther

eto,

any

list

ed s

ecur

ities

or

clas

s of

lis

ted

secu

ritie

s of

the

Com

pany

, lis

ted

on t

he

Exch

ange

, sha

ll be

tran

sfer

able

but

any

suc

h tra

nsfe

r sh

all

be e

ffec

ted

by w

ay o

f bo

ok e

ntry

by

the

Dep

osito

ry a

s de

fined

und

er th

e Se

curit

ies

Indu

stry

(Cen

tral D

epos

itorie

s)

Act

, 199

1, in

acc

orda

nce

with

the

Rul

es o

f th

e D

epos

itory

an

d,

notw

ithst

andi

ng

sect

ions

10

3 an

d 10

4 of

th

e C

ompa

nies

Act

, 196

5 bu

t sub

ject

to s

ubse

ctio

n 10

7C(2

) of

th

e C

ompa

nies

Act

, 196

5 an

d an

y ex

empt

ion

that

may

be

mad

e fr

om c

ompl

ianc

e w

ith s

ubse

ctio

n 10

7C(1

) of

the

C

ompa

nies

Act

, 19

65,

the

Com

pany

sha

ll be

pre

clud

ed

from

reg

iste

ring

and

effe

ctin

g an

y tra

nsfe

r of

the

lis

ted

secu

ritie

s whi

ch h

ave

been

dep

osite

d th

erew

ith; a

nd

(ii)

Subj

ect

to

the

rest

rictio

ns

cont

aine

d in

th

ese

Arti

cles

and

as

othe

rwis

e pr

ovid

ed u

nder

the

Sec

uriti

es

Indu

stry

(Cen

tral D

epos

itorie

s) A

ct, 1

991

and

the

Rul

es a

nd

Reg

ulat

ions

mad

e pu

rsua

nt th

eret

o, a

ny li

sted

sec

uriti

es o

r cl

ass o

f lis

ted

secu

ritie

s of t

he C

ompa

ny, l

iste

d on

any

oth

er

stoc

k ex

chan

ge

(oth

er

than

th

e Ex

chan

ge)

shal

l be

tra

nsfe

rabl

e bu

t eve

ry s

uch

trans

fer

shal

l be

effe

cted

in th

e m

anne

r an

d fo

rm a

s ap

prov

ed a

nd p

resc

ribed

fro

m ti

me

to

time

by a

ny su

ch st

ock

exch

ange

.

28.

(a)

Tran

sfer

of S

ecur

ities

(i)

Su

bjec

t to

the

res

trict

ions

con

tain

ed i

n th

ese

Arti

cles

th

is

Con

stitu

tion

and

as

othe

rwis

e pr

ovid

ed

unde

r th

e Se

curit

ies

Indu

stry

(C

entra

l D

epos

itorie

s) A

ct,

1991

and

the

R

ules

an

d Re

gula

tions

m

ade

purs

uant

th

eret

o,

any

liste

d se

curit

ies

or c

lass

of l

iste

d se

curit

ies

of th

e C

ompa

ny, l

iste

d on

th

e Ex

chan

ge, s

hall

be tr

ansf

erab

le b

ut a

ny su

ch tr

ansf

er sh

all b

e ef

fect

ed b

y w

ay o

f bo

ok e

ntry

by

the

Dep

osito

ry a

s de

fined

un

der

the

Secu

ritie

s In

dust

ry (

Cen

tral D

epos

itorie

s) A

ct, 1

991,

in

ac

cord

ance

w

ith

the

Rul

es

of

the

Dep

osito

ry

and,

no

twith

stan

ding

sec

tions

103

and

104

of

the

Com

pani

es A

ct,

1965

but

sub

ject

to s

ubse

ctio

n 10

7C(2

) of

the

Com

pani

es A

ct,

1965

and

any

exe

mpt

ion

that

may

be

mad

e fr

om c

ompl

ianc

e w

ith s

ubse

ctio

n 10

7C(1

) of

the

Com

pani

es A

ct, 1

965,

sec

tions

10

5, 1

06, a

nd 1

10 o

f the

Act

but

sub

ject

to s

ubse

ctio

n 14

8(2)

of

the

Act

an

d an

y ex

empt

ion

that

may

be

mad

e fr

om

com

plia

nce

with

sub

sect

ion

148(

1) o

f th

e A

ct, t

he C

ompa

ny

shal

l be

prec

lude

d fr

om re

gist

erin

g an

d ef

fect

ing

any

trans

fer o

f th

e lis

ted

secu

ritie

s whi

ch h

ave

been

dep

osite

d th

erew

ith; a

nd

(ii)

Subj

ect t

o th

e re

stric

tions

con

tain

ed in

thes

e A

rticl

e th

is C

onst

itutio

n an

d as

oth

erw

ise

prov

ided

und

er t

he S

ecur

ities

In

dust

ry (

Cen

tral

Dep

osito

ries)

Act

, 19

91 a

nd t

he R

ules

and

R

egul

atio

ns m

ade

purs

uant

ther

eto,

any

list

ed s

ecur

ities

or c

lass

of

lis

ted

secu

ritie

s of

the

Com

pany

, lis

ted

on a

ny o

ther

sto

ck

exch

ange

(ot

her

than

the

Exc

hang

e) s

hall

be t

rans

fera

ble

but

ever

y su

ch tr

ansf

er s

hall

be e

ffec

ted

in th

e m

anne

r and

form

as

appr

oved

and

pre

scrib

ed f

rom

tim

e to

tim

e by

any

suc

h st

ock

exch

ange

.

Page 52: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

48

44

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(b)

No

rest

rictio

n on

fully

pai

d sh

ares

Su

bjec

t to

Arti

cles

5 a

nd 2

9, th

ere

shal

l be

no re

stric

tion

on

the

trans

fer

of f

ully

pai

d sh

ares

whi

ch a

re l

iste

d on

the

Ex

chan

ge

or

any

othe

r st

ock

exch

ange

ex

cept

w

here

re

quire

d by

law

and

the

Rul

es o

f th

e D

epos

itory

(w

ith

resp

ect t

o tra

nsfe

r of D

epos

ited

Secu

rity)

. (c

) R

efus

al to

tran

sfer

Th

e D

irect

ors

may

dec

line

to re

gist

er a

ny tr

ansf

er o

f sha

res

or s

tock

(not

bei

ng a

fully

pai

d sh

are)

or s

tock

in re

spec

t of

whi

ch a

cal

l ha

s be

en m

ade

and

is u

npai

d to

a p

erso

n of

w

hom

they

sha

ll no

t app

rove

, and

they

may

als

o de

clin

e to

re

gist

er th

e tra

nsfe

r of a

sha

re o

n w

hich

the

Com

pany

has

a

lien

or th

e tra

nsfe

r of a

sha

re to

whi

ch th

e re

stric

tions

und

er

Arti

cle

25 a

nd 2

9 ap

plie

s. (d

) Jo

int h

olde

rs

The

Dire

ctor

s m

ay re

fuse

to re

gist

er m

ore

than

3 p

erso

ns a

s jo

int h

olde

rs e

xcep

t the

regi

stra

tion

of e

xecu

tors

or t

rust

ees

of a

dec

ease

d sh

areh

olde

r. (e

) N

otic

e of

refu

sal f

or re

gist

ratio

n If

in t

he e

xerc

ise

of i

ts r

ight

s un

der

this

Arti

cle,

the

D

irect

ors

refu

se to

reg

iste

r a

trans

fer

they

sha

ll w

ithin

ten

(b)

No

rest

rictio

n on

fully

pai

d sh

ares

Su

bjec

t to

Arti

cles

5 a

nd 2

9, t

his

Con

stitu

tion,

the

Cen

tral

D

epos

itori

es A

ct, a

nd th

e R

ules

of t

he D

epos

itory

, the

re s

hall

be n

o re

stric

tion

on th

e tra

nsfe

r of

ful

ly p

aid

shar

es w

hich

are

lis

ted

on t

he E

xcha

nge

or a

ny o

ther

sto

ck e

xcha

nge

exce

pt

whe

re r

equi

red

by l

aw a

nd t

he R

ules

of

the

Dep

osito

ry (

with

re

spec

t to

trans

fer o

f Dep

osite

d Se

curit

y).

(c)

Ref

usal

to tr

ansf

er

The

Cen

tral

Dep

osito

r m

ay r

efus

e to

reg

ister

any

tran

sfer

of

Dep

osite

d Se

curi

ties

if it

does

not

com

ply

with

the

Cen

tral

D

epos

itori

es A

ct o

r th

e R

ules

of t

he D

epos

itory

. Th

e D

irect

ors

may

dec

line

to r

egis

ter

any

trans

fer

of s

hare

s or

st

ock

(not

bei

ng a

fully

pai

d sh

are)

or s

tock

in re

spec

t of w

hich

a

call

has

been

mad

e an

d is

unp

aid

to a

per

son

of w

hom

they

sh

all

not

appr

ove,

and

the

y m

ay a

lso

decl

ine

to r

egis

ter

the

trans

fer

of a

sha

re o

n w

hich

the

Com

pany

has

a l

ien

or t

he

trans

fer o

f a s

hare

to w

hich

the

rest

rictio

ns u

nder

Arti

cle

25 a

nd

29 a

pplie

s. (d

) Jo

int h

olde

rs

The

Dire

ctor

s m

ay r

efus

e to

reg

iste

r m

ore

than

3 p

erso

ns a

s jo

int h

olde

rs e

xcep

t the

regi

stra

tion

of e

xecu

tors

or t

rust

ees

of a

de

ceas

ed sh

areh

olde

r. (e

) N

otic

e of

refu

sal f

or re

gist

ratio

n If

in t

he e

xerc

ise

of it

s rig

hts

unde

r th

is A

rticl

e, t

he D

irect

ors

refu

se t

o re

gist

er a

tra

nsfe

r th

ey s

hall

with

in t

en (

10)

mar

ket

Page 53: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

48 49

45

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(10)

mar

ket

days

afte

r th

e da

te o

n w

hich

the

tra

nsfe

r w

as

lodg

ed w

ith th

e C

ompa

ny s

end

to th

e tra

nsfe

ror

and

to th

e tra

nsfe

ree

notic

e of

the

refu

sal.

(f)

Tran

sfer

to

be l

eft

at o

ffic

e an

d ev

iden

ce o

f tit

le

give

n Fo

r th

e pu

rpos

e of

regi

stra

tion

ever

y in

stru

men

t of t

rans

fer

toge

ther

with

the

certi

ficat

e sh

all b

e le

ft at

the

offic

e of

the

Com

pany

’s

regi

stra

r an

d su

ch

othe

r ev

iden

ce

as

the

Com

pany

may

requ

ire to

pro

ve th

e tit

le o

f the

tran

sfer

or o

r hi

s rig

ht to

tran

sfer

the

shar

es.

(g)

Not

ice

of tr

ansf

er to

regi

ster

ed h

olde

r B

efor

e re

gist

erin

g an

y tra

nsfe

r te

nder

ed f

or re

gist

ratio

n th

e D

irect

ors

may

, if

they

so

thin

k fit

, gi

ve n

otic

e by

let

ter

post

ed i

n th

e or

dina

ry c

ours

e to

the

reg

iste

red

hold

er t

hat

such

tran

sfer

dee

d ha

s bee

n lo

dged

and

that

unl

ess o

bjec

tion

is ta

ken,

the

trans

fer w

ill b

e re

gist

ered

and

if su

ch re

gist

ered

ho

lder

fails

to lo

dge

an o

bjec

tion

in w

ritin

g at

the

regi

ster

ed

offic

e of

the

Com

pany

with

in t

en (

10)

days

fro

m t

he

post

ing

as s

uch

notic

e to

him

, he

shal

l be

deem

ed to

hav

e ad

mitt

ed th

e va

lidity

of t

he sa

id tr

ansf

er.

days

afte

r th

e da

te o

n w

hich

the

tra

nsfe

r w

as l

odge

d w

ith t

he

Com

pany

sen

d to

the

trans

fero

r an

d to

the

trans

fere

e no

tice

of

the

refu

sal.

(f)

Tran

sfer

to b

e le

ft at

off

ice

and

evid

ence

of t

itle

give

n Fo

r th

e pu

rpos

e of

reg

istra

tion

ever

y in

stru

men

t of

tra

nsfe

r to

geth

er w

ith t

he c

ertif

icat

e sh

all

be l

eft

at t

he o

ffic

e of

the

C

ompa

ny’s

reg

istra

r an

d su

ch o

ther

evi

denc

e as

the

Com

pany

m

ay r

equi

re t

o pr

ove

the

title

of

the

trans

fero

r or

his

rig

ht t

o tra

nsfe

r the

shar

es.

(g)

Not

ice

of tr

ansf

er to

regi

ster

ed h

olde

r B

efor

e re

gist

erin

g an

y tra

nsfe

r te

nder

ed f

or r

egis

tratio

n th

e D

irect

ors m

ay, i

f the

y so

thin

k fit

, giv

e no

tice

by le

tter p

oste

d in

th

e or

dina

ry c

ours

e to

the

reg

iste

red

hold

er t

hat

such

tra

nsfe

r de

ed h

as b

een

lodg

ed a

nd t

hat

unle

ss o

bjec

tion

is t

aken

, th

e tra

nsfe

r w

ill b

e re

gist

ered

and

if s

uch

regi

ster

ed h

olde

r fa

ils to

lo

dge

an o

bjec

tion

in w

ritin

g at

the

reg

iste

red

offic

e of

the

C

ompa

ny w

ithin

ten

(10)

day

s fro

m th

e po

sting

as s

uch

notic

e to

hi

m, h

e sh

all b

e de

emed

to h

ave

adm

itted

the

valid

ity o

f the

said

tra

nsfe

r.

24.

Non

-liab

ility

of

Com

pany

, its

Dire

ctor

and

off

icer

s in

re

spec

t of t

rans

fer

Nei

ther

the

Com

pany

nor

its

Dire

ctor

s no

r an

y of

its

of

ficer

s sh

all

incu

r an

y lia

bilit

y fo

r re

gist

erin

g or

act

ing

upon

a t

rans

fer

of s

hare

s ap

pare

ntly

mad

e by

suf

ficie

nt

parti

es, a

lthou

gh th

e sa

me

may

, by

reas

on o

f an

y fr

aud

or

othe

r ca

use

not k

now

n to

the

Com

pany

or

its D

irect

ors

or

29.

No

amen

dmen

ts re

quire

d.

Page 54: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

50

46

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

othe

r of

ficer

s be

lega

lly in

oper

ativ

e or

insu

ffic

ient

to p

ass

the

prop

erty

in

the

shar

es p

ropo

sed

or p

rofe

ssed

to

be

trans

ferr

ed, a

nd a

lthou

gh th

e tra

nsfe

r m

ay, a

s be

twee

n th

e tra

nsfe

ror

and

trans

fere

e, b

e lia

ble

to b

e se

t as

ide,

and

no

twith

stan

ding

tha

t th

e C

ompa

ny m

ay h

ave

notic

e th

at

such

ins

trum

ent

or t

rans

fer

was

sig

ned

or e

xecu

ted

and

deliv

ered

by

the

trans

fero

r in

bla

nk a

s to

the

nam

e of

the

tra

nsfe

ree

or t

he p

artic

ular

s of

the

sha

res

trans

ferr

ed,

or

othe

rwis

e in

def

ectiv

e m

anne

r. A

nd in

eve

ry s

uch

case

, the

pe

rson

regi

ster

ed a

s tra

nsfe

ree,

his

exe

cuto

rs, a

dmin

istra

tors

an

d as

sign

ees

alon

e sh

all b

e en

title

d to

be

reco

gnis

ed a

s th

e ho

lder

as s

uch

shar

es a

nd th

e pr

evio

us h

olde

r sha

ll, so

far a

s th

e C

ompa

ny is

con

cern

ed, h

e de

emed

to h

ave

trans

ferr

ed

his w

hole

title

ther

eto.

25.

No

trans

fer t

o m

inor

, etc

N

o tra

nsfe

r sha

ll be

mad

e to

a m

inor

or a

per

son

of u

nsou

nd

min

d or

who

is in

solv

ent o

r to

a fir

m o

r par

tner

ship

.

30.

No

amen

dmen

ts re

quire

d.

26.

(a)

Tran

sfer

rest

ricte

d to

one

cla

ss o

f sha

res

An

inst

rum

ent

of t

rans

fer

mus

t be

in

resp

ect

of o

nly

one

clas

s of s

hare

s. (b

) Fe

e on

tran

sfer

A

fee

not

exc

eedi

ng R

ingg

it M

alay

sia

Thre

e (R

M3-

00)

(exc

ludi

ng th

e st

amp

duty

) or a

ny o

ther

am

ount

as

shal

l be

dete

rmin

ed fr

om ti

me

to ti

me

by T

he E

xcha

nge

or a

ny o

ther

st

ock

exch

ange

on

whi

ch t

he C

ompa

ny’s

sha

res

are

liste

d m

ay b

e ch

arge

d fo

r eac

h tra

nsfe

r and

shal

l if r

equi

red

by th

e D

irect

ors b

e pa

id b

efor

e th

e re

gist

ratio

n th

ereo

f.

- To

be

dele

ted.

Page 55: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

50 51

47

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

27.

Whe

n tra

nsfe

r bo

oks

and

Reg

iste

r of

Mem

bers

may

be

clos

ed

The

trans

fer b

ooks

and

Reg

iste

r of M

embe

rs a

nd d

eben

ture

ho

lder

s m

ay o

n du

e no

tice

bein

g gi

ven

as r

equi

red

by t

he

Act

and

the

Exch

ange

or

any

stoc

k ex

chan

ge o

n w

hich

the

Com

pany

’s s

hare

s ar

e lis

ted

be c

lose

d du

ring

such

tim

e or

tim

es a

s th

e D

irect

ors

thin

k fit

, not

exc

eedi

ng in

the

who

le

thirt

y da

ys in

eac

h ye

ar. A

t lea

st e

ight

een

(18)

mar

ket d

ays’

no

tice

of su

ch c

losu

re sh

all b

e gi

ven

to e

ach

stoc

k ex

chan

ge

upon

whi

ch th

e C

ompa

ny is

list

ed st

atin

g th

e pe

riod

and

the

purp

ose

or p

urpo

ses

of s

uch

clos

ure.

At

leas

t th

ree

(3)

mar

ket

days

prio

r no

tice

of s

uch

clos

ure

shal

l be

give

n to

th

e D

epos

itory

to

enab

le t

he D

epos

itory

to

prep

are

the

appr

opria

te

Rec

ord

of

Dep

osito

rs

prov

ided

w

here

th

e R

ecor

d of

Dep

osito

ries

is r

equi

red

in r

espe

ct o

f co

rpor

ate

actio

ns se

ven

(7) d

ays p

rior n

otic

e sh

all b

e gi

ven.

31.

Whe

n tra

nsfe

r boo

ks a

nd R

egis

ter o

f Mem

bers

may

be

clos

ed

The

trans

fer

book

s an

d R

egis

ter

of M

embe

rs a

nd d

eben

ture

ho

lder

s m

ay o

n du

e no

tice

bein

g gi

ven

as r

equi

red

by th

e A

ct

and

the

Exch

ange

or

an

y st

ock

exch

ange

on

w

hich

th

e C

ompa

ny’s

sha

res a

re li

sted

be

clos

ed d

urin

g su

ch ti

me

or ti

mes

as

the

Dire

ctor

s th

ink

fit, n

ot e

xcee

ding

in th

e w

hole

thirt

y da

ys

in e

ach

year

. At l

east

eig

htee

n (1

8) m

arke

t day

s’ n

otic

e of

suc

h cl

osur

e sh

all

be g

iven

to

each

sto

ck e

xcha

nge

upon

whi

ch th

e C

ompa

ny is

list

ed st

atin

g th

e pe

riod

and

the

purp

ose

or p

urpo

ses

of s

uch

clos

ure.

At

leas

t th

ree

(3)

mar

ket

days

prio

r no

tice

of

such

clo

sure

sha

ll be

giv

en t

o th

e D

epos

itory

to

enab

le t

he

Dep

osito

ry t

o pr

epar

e th

e ap

prop

riate

Rec

ord

of D

epos

itors

pr

ovid

ed w

here

the

Rec

ord

of D

epos

itorie

s is r

equi

red

in re

spec

t of

cor

pora

te a

ctio

ns se

ven

(7) d

ays p

rior n

otic

e sh

all b

e gi

ven.

TR

AN

SMIS

SIO

N O

F SH

AR

ES

28.

(a)

Dea

th o

f hol

der

In c

ase

of th

e de

ath

of a

mem

ber

the

surv

ivor

or

surv

ivor

s w

here

the

dec

ease

d w

as a

joi

nt h

olde

r, an

d th

e le

gal

pers

onal

rep

rese

ntat

ives

of

the

dece

ased

whe

re h

e w

as a

so

le h

olde

r, sh

all

be t

he o

nly

pers

on r

ecog

nise

d by

the

C

ompa

ny a

s ha

ving

any

title

to h

is in

tere

st in

the

shar

es b

ut

noth

ing

here

in c

onta

ined

sha

ll re

leas

e th

e es

tate

of

a de

ceas

ed j

oint

hol

der

from

any

lia

bilit

y in

res

pect

of

any

shar

e w

hich

had

bee

n jo

intly

hel

d by

him

with

oth

er

pers

ons.

32.

(a)

Dea

th o

f hol

der

In c

ase

of t

he d

eath

of

a M

embe

r th

e su

rviv

or o

r su

rviv

ors

whe

re t

he d

ecea

sed

was

a j

oint

hol

der,

and

the

lega

l pe

rson

al

repr

esen

tativ

es o

f th

e de

ceas

ed w

here

he

was

a s

ole

hold

er o

r de

bent

ure

hold

er, s

hall

be t

he o

nly

pers

on r

ecog

nise

d by

the

C

ompa

ny a

s ha

ving

any

titl

e to

his

int

eres

t in

the

sha

res

or

debe

ntur

e. b

ut n

othi

ng h

erei

n co

ntai

ned

shal

l rel

ease

the

esta

te

of a

dec

ease

d jo

int

hold

er f

rom

any

lia

bilit

y in

res

pect

of

any

shar

e w

hich

had

bee

n jo

intly

hel

d by

him

with

oth

er p

erso

ns.

Page 56: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

52

48

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(b)

Rig

hts o

n de

ath

or b

ankr

uptc

y A

ny p

erso

n be

com

ing

entit

led

to a

sha

re in

con

sequ

ence

of

the

deat

h or

ban

krup

tcy

of a

m

embe

r m

ay u

pon

such

ev

iden

ce b

eing

pro

duce

d as

may

from

tim

e to

tim

e pr

oper

ly

be r

equi

red

by t

he D

irect

ors

and

subj

ect

as h

erei

nafte

r pr

ovid

ed, e

lect

eith

er to

be

regi

ster

ed h

imse

lf as

hol

der

of

the

shar

e or

to

have

som

e pe

rson

nom

inat

ed b

y hi

m

regi

ster

ed a

s th

e tra

nsfe

ree

ther

eof,

but t

he D

irect

ors

shal

l, in

eith

er c

ase,

hav

e th

e sa

me

right

to

decl

ine

or s

uspe

nd

regi

stra

tion

as th

ey w

ould

hav

e ha

d in

the

case

of a

tran

sfer

of

the

shar

e by

that

mem

ber b

efor

e hi

s de

ath

or b

ankr

uptc

y.

Prov

ided

al

way

s th

at

whe

re t

he

shar

e is

a

Dep

osite

d Se

curit

y, s

ubje

ct to

the

Rul

es o

f th

e D

epos

itory

, a tr

ansf

er

or w

ithdr

awal

of t

he s

hare

may

be

carr

ied

out b

y th

e pe

rson

be

com

ing

so e

ntitl

ed.

(c)

Elec

tion

(i)

If t

he p

erso

n so

bec

omin

g en

title

d el

ects

to

be

regi

ster

ed h

imse

lf, h

e sh

all d

eliv

er o

r sen

d to

the

Com

pany

a

notic

e in

writ

ing

sign

ed b

y hi

m s

tatin

g th

at h

e so

ele

cts,

(b)

Rig

hts o

n de

ath

or b

ankr

uptc

y A

ny p

erso

n be

com

ing

entit

led

to a

sha

re in

con

sequ

ence

of

the

deat

h or

ban

krup

tcy

of a

m

embe

r m

ay u

pon

such

evi

denc

e be

ing

prod

uced

as

may

fro

m ti

me

to ti

me

prop

erly

be

requ

ired

by th

e D

irect

ors

and

subj

ect a

s he

rein

afte

r pro

vide

d, e

lect

eith

er

to b

e re

gist

ered

him

self

as h

olde

r of

the

shar

e or

to h

ave

som

e pe

rson

nom

inat

ed b

y hi

m r

egis

tere

d as

the

tra

nsfe

ree

ther

eof,

but

the

Dire

ctor

s sh

all,

in e

ither

cas

e, h

ave

the

sam

e rig

ht t

o de

clin

e or

sus

pend

reg

istra

tion

as t

hey

wou

ld h

ave

had

in t

he

case

of

a tra

nsfe

r of

the

shar

e by

that

mem

ber

befo

re h

is d

eath

or

ban

krup

tcy.

Pro

vide

d al

way

s th

at w

here

the

sha

re i

s a

Dep

osite

d Se

curit

y, s

ubje

ct t

o th

e R

ules

of

the

Dep

osito

ry,

a tra

nsfe

r or

with

draw

al o

f th

e sh

are

may

be

carr

ied

out

by t

he

pers

on b

ecom

ing

so e

ntitl

ed.

(i) A

ny d

ocum

ent

whi

ch i

s by

law

suf

ficie

nt e

vide

nce

of

prob

ate

of t

he w

ill o

r le

tter

s of

adm

inist

ratio

n of

the

esta

te

of a

dec

ease

d pe

rson

hav

ing

been

gra

nted

to

a pe

rson

sha

ll be

acc

epte

d by

the

Com

pany

as

suff

icie

nt e

vide

nce

of t

he

gran

t. (ii

) Su

bjec

t to

th

e pr

ovisi

ons

of

this

Con

stitu

tion,

th

e C

ompa

ny a

nd t

he C

entr

al D

epos

itory

sha

ll re

gist

er t

he

pers

on

as

a sh

areh

olde

r or

de

bent

ure

hold

er

of

the

Com

pany

w

ithin

six

ty

(60)

da

ys

from

re

ceiv

ing

the

notif

icat

ion.

(c)

Elec

tion

(i)

If th

e pe

rson

so b

ecom

ing

entit

led

elec

ts to

be

regi

ster

ed

him

self,

he

shal

l de

liver

or

send

to

the

Com

pany

a n

otic

e in

w

ritin

g si

gned

by

him

sta

ting

that

he

so e

lect

s, pr

ovid

ed t

hat

Page 57: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

52 53

49

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

prov

ided

that

whe

re th

e sh

are

is a

Dep

osite

d Se

curit

y an

d th

e pe

rson

bec

omin

g so

ent

itled

ele

cts

to h

ave

the

shar

e tra

nsfe

rred

to

him

the

afo

resa

id n

otic

e m

ust

be s

erve

d by

hi

m o

n th

e D

epos

itory

. (ii

) If

he e

lect

s to

hav

e an

othe

r pe

rson

reg

iste

red

he

shal

l te

stify

his

ele

ctio

n by

exe

cutin

g to

tha

t pe

rson

a

trans

fer o

f the

shar

e.

(iii)

All

the

limita

tions

, re

stric

tions

and

pro

visi

ons

of

thes

e A

rticl

es r

elat

ing

to t

he r

ight

to

trans

fer

and

the

regi

stra

tion

of tr

ansf

er o

f sh

ares

sha

ll be

app

licab

le to

any

su

ch n

otic

e or

tra

nsfe

r as

afo

resa

id a

s if

the

deat

h or

ba

nkru

ptcy

of

the

mem

ber

had

not o

ccur

red

and

the

notic

e or

tran

sfer

wer

e a

trans

fer s

igne

d by

that

mem

ber.

(d)

Entit

led

to sa

me

right

s (i)

W

here

the

reg

iste

red

hold

er o

f an

y sh

are

dies

or

beco

mes

ba

nkru

pt

his

pers

onal

re

pres

enta

tive

or

the

assi

gnee

of

his

esta

te, a

s th

e ca

se m

ay b

e, s

hall,

upo

n th

e pr

oduc

tion

of s

uch

evid

ence

as

may

fro

m t

ime

to t

ime

be

prop

erly

requ

ired

by th

e D

irect

ors

in th

at b

ehal

f, be

ent

itled

to

the

sam

e di

vide

nds a

nd o

ther

adv

anta

ges,

and

to th

e sa

me

right

s (w

heth

er in

rel

atio

n to

mee

tings

of

the

Com

pany

, or

to v

otin

g, o

r oth

erw

ise)

, as t

he re

gist

ered

hol

der w

ould

hav

e be

en e

ntitl

ed to

if h

e ha

d no

t die

d or

bec

ome

bank

rupt

. (ii

) W

here

two

(2)

or m

ore

pers

ons

are

join

tly e

ntitl

ed

to a

ny s

hare

in c

onse

quen

ce o

f th

e de

ath

of th

e re

gist

ered

ho

lder

the

y sh

all,

for

the

purp

oses

of

thes

e A

rticl

es,

be

whe

re th

e sh

are

or d

eben

ture

is a

Dep

osite

d Se

curit

y an

d th

e pe

rson

be

com

ing

so

entit

led

elec

ts

to

have

th

e sh

are

or

debe

ntur

e tra

nsfe

rred

to

him

the

afo

resa

id n

otic

e m

ust

be

serv

ed b

y hi

m o

n th

e D

epos

itory

. (ii

) If

he e

lect

s to

hav

e an

othe

r pe

rson

reg

iste

red

he s

hall

test

ify h

is e

lect

ion

by e

xecu

ting

to th

at p

erso

n a

trans

fer

of th

e sh

are

or d

eben

ture

, as t

he c

ase

may

be.

(ii

i) A

ll th

e lim

itatio

ns, r

estri

ctio

ns a

nd p

rovi

sion

s of

thes

e A

rticl

es t

his

Con

stitu

tion,

the

Cen

tral

Dep

osito

ries

Act

, R

ules

of

the

Dep

osito

ry,

and

the

List

ing

Req

uire

men

ts

rela

ting

to th

e rig

ht to

tran

sfer

and

the

regi

stra

tion

of tr

ansf

er o

f sh

ares

or

debe

ntur

es s

hall

be a

pplic

able

to a

ny s

uch

notic

e or

tra

nsfe

r as a

fore

said

as i

f the

dea

th o

r ban

krup

tcy

of th

e M

embe

r ha

d no

t oc

curr

ed a

nd t

he n

otic

e or

tra

nsfe

r w

ere

a tra

nsfe

r si

gned

by

that

Mem

ber.

(d)

Entit

led

to sa

me

right

s (i)

Whe

re th

e re

gist

ered

hol

der

of a

ny s

hare

or

debe

ntur

e di

es

or b

ecom

es b

ankr

upt h

is p

erso

nal r

epre

sent

ativ

e or

the

assi

gnee

of

his

est

ate,

as

the

case

may

be,

sha

ll, u

pon

the

prod

uctio

n of

su

ch e

vide

nce

as m

ay fr

om ti

me

to ti

me

be p

rope

rly re

quire

d by

th

e D

irect

ors

in t

hat

beha

lf, b

e en

title

d to

the

sam

e di

vide

nds

and

othe

r adv

anta

ges,

and

to th

e sa

me

right

s (w

heth

er in

rela

tion

to m

eetin

gs o

f the

Com

pany

, or

to v

otin

g, o

r oth

erw

ise)

, as

the

regi

ster

ed h

olde

r wou

ld h

ave

been

ent

itled

to if

he

had

not d

ied

or b

ecom

e ba

nkru

pt.

(ii)

Whe

re t

wo

(2)

or m

ore

pers

ons

are

join

tly e

ntitl

ed t

o an

y sh

are

in c

onse

quen

ce o

f th

e de

ath

of th

e re

gist

ered

hol

der

they

sha

ll, f

or th

e pu

rpos

es o

f th

ese

Arti

cles

, be

deem

ed to

be

Page 58: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

54

50

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

deem

ed to

be

join

t hol

ders

of t

he sh

are.

(e

) (i)

W

here

(a)

the

secu

ritie

s of

the

Com

pany

are

list

ed o

n an

othe

r sto

ck e

xcha

nge;

and

(b

) th

e C

ompa

ny is

exe

mpt

ed fr

om c

ompl

ianc

e w

ith s

ectio

n 14

of

the

Secu

ritie

s In

dust

ry (

Cen

tral

Dep

osito

ries)

A

ct,

1991

or

se

ctio

n 29

of

th

e Se

curit

ies

Indu

stry

(C

entra

l D

epos

itorie

s)

(Am

endm

ent)

Act

, 199

8, a

s the

cas

e m

ay b

e, u

nder

th

e R

ules

of

the

Dep

osito

ry i

n re

spec

t of

suc

h se

curit

ies,

the

Com

pany

sha

ll, u

pon

requ

est

of a

sec

uriti

es h

olde

r, pe

rmit

a tra

nsm

issi

on o

f se

curit

ies

held

by

such

sec

uriti

es

hold

er f

rom

the

reg

iste

r of

hol

ders

mai

ntai

ned

by t

he

regi

stra

r of

the

Com

pany

in

the

juris

dict

ion

of t

he o

ther

st

ock

exch

ange

, to

the

regi

ster

of h

olde

rs m

aint

aine

d by

the

regi

stra

r of

the

Com

pany

in M

alay

sia

pro

vide

d th

at th

ere

shal

l be

no c

hang

e in

the

owne

rshi

p of

such

secu

ritie

s.

join

t hol

ders

of t

he sh

are.

(e

) (i)

W

here

(a)(

i) th

e se

curit

ies

of t

he C

ompa

ny a

re l

iste

d on

an

othe

r sto

ck e

xcha

nge;

and

(b

)(ii)

the

Com

pany

is

exem

pted

fro

m c

ompl

ianc

e w

ith s

ectio

n 14

of

the

Secu

ritie

s In

dust

ry (

Cen

tral

Dep

osito

ries)

Act

, 199

1 or

sec

tion

29 o

f th

e Se

curit

ies

Indu

stry

(C

entra

l D

epos

itorie

s)

(Am

endm

ent)

Act

, 19

98,

as t

he c

ase

may

be,

und

er t

he R

ules

of

the

Dep

osito

ry in

resp

ect o

f suc

h se

curit

ies,

the

Com

pany

sha

ll, u

pon

requ

est o

f a s

ecur

ities

hol

der,

perm

it a

trans

mis

sion

of

secu

ritie

s he

ld b

y su

ch s

ecur

ities

hol

der

from

th

e re

gist

er o

f ho

lder

s m

aint

aine

d by

the

reg

istra

r of

the

C

ompa

ny in

the

juris

dict

ion

of th

e ot

her s

tock

exc

hang

e, to

the

regi

ster

of

hold

ers

mai

ntai

ned

by th

e re

gist

rar

of th

e C

ompa

ny

in M

alay

sia

pro

vide

d th

at t

here

sha

ll be

no

chan

ge i

n th

e ow

ners

hip

of su

ch se

curit

ies.

L

IMIT

AT

ION

S O

N S

HA

RE

HO

LD

ING

S 29

. (a

) In

terp

reta

tion

In th

is A

rticl

e:-

“per

son”

incl

udes

an

indi

vidu

al, b

ody

of p

erso

ns (c

orpo

rate

or

uni

ncor

pora

te),

gove

rnm

ent a

nd

stat

utor

y bo

dy

corp

orat

ion

or a

utho

rity;

“A

ssoc

iate

” in

rel

atio

n to

any

per

son

(bel

ow r

efer

red

to in

33.

(a)

Inte

rpre

tatio

n In

this

Arti

cle

Rul

e:-

“per

son”

incl

udes

an

indi

vidu

al, b

ody

of p

erso

ns (

corp

orat

e or

un

inco

rpor

ate)

, go

vern

men

t an

d st

atut

ory

body

cor

pora

tion

or

auth

ority

; “A

ssoc

iate

” in

rel

atio

n to

any

per

son

(bel

ow r

efer

red

to in

this

Page 59: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

54 55

51

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

this

def

initi

on a

s the

“fir

st n

amed

per

son”

), m

eans

:- (i)

a

body

cor

pora

te (w

heth

er re

gist

ered

in M

alay

sia

or

else

whe

re)

of w

hich

one

hal

f or

mor

e of

the

votin

g po

wer

ex

erci

sabl

e at

any

gen

eral

mee

ting

of t

he b

ody

corp

orat

e m

ay b

e ex

erci

sed

or c

ontro

lled,

or

of w

hich

one

hal

f or

m

ore

of th

e D

irect

ors

are

appo

inte

d (o

r ca

n be

app

oint

ed),

in e

ither

cas

e by

the

first

nam

ed p

erso

n (a

lone

or

with

any

A

ssoc

iate

of t

he fi

rst n

amed

per

son)

; or

(ii)

any

othe

r pe

rson

who

has

(w

heth

er o

r no

t in

a

man

ner

whi

ch i

s le

gally

bin

ding

) ag

reed

or

com

mitt

ed

him

self

or b

ecom

e ob

liged

or a

rran

ged

to e

xerc

ise

or re

frai

n fr

om e

xerc

isin

g an

y rig

hts

atta

chin

g to

any

sha

re,

or a

ny

pow

er t

o di

spos

e of

or

reta

in a

ny s

hare

or

any

inte

rest

th

erei

n in

acc

orda

nce

with

the

sug

gest

ions

, ins

truct

ions

or

dire

ctio

ns o

f th

e fir

st n

amed

per

son

(or

of a

ny o

ther

A

ssoc

iate

of t

he fi

rst n

amed

per

son)

. Pr

ovid

ed th

at w

here

a p

erso

n ha

s be

en a

ppoi

nted

to a

ct a

s th

e pr

oxy

for t

he fi

rst n

amed

per

son

to v

ote

at a

mee

ting

of

the

Com

pany

suc

h pr

oxy

for

the

first

nam

ed p

erso

n sh

all

not b

e th

e A

ssoc

iate

of

the

othe

r by

rea

son

sole

ly o

f su

ch

appo

intm

ent;

or

(iii)

in t

he c

ase

whe

re t

he f

irst

nam

ed p

erso

n is

a

gove

rnm

ent o

r go

vern

men

t dep

artm

ent o

r ag

ency

or

body

, su

ch g

over

nmen

t or

any

oth

er d

epar

tmen

t ag

ency

or

body

of

suc

h go

vern

men

t or

any

bod

y co

rpor

ate

whi

ch i

s an

A

ssoc

iate

of a

ny o

f the

sam

e by

virt

ue o

f (i)

abov

e; o

r (iv

) in

the

case

whe

re th

e fir

st n

amed

per

son

is a

trus

tee

of a

ny t

rust

, an

y or

all

of t

he o

ther

tru

stee

s, an

y or

all

defin

ition

as t

he “

first

nam

ed p

erso

n”),

mea

ns:-

(i)

a bo

dy c

orpo

rate

(w

heth

er r

egis

tere

d in

Mal

aysi

a or

el

sew

here

) of

whi

ch o

ne h

alf

or m

ore

of t

he v

otin

g po

wer

ex

erci

sabl

e at

any

gen

eral

mee

ting

of th

e bo

dy c

orpo

rate

may

be

exer

cise

d or

con

trolle

d, o

r of

whi

ch o

ne h

alf

or m

ore

of t

he

Dire

ctor

s ar

e ap

poin

ted

(or c

an b

e ap

poin

ted)

, in

eith

er c

ase

by

the

first

nam

ed p

erso

n (a

lone

or

with

any

Ass

ocia

te o

f th

e fir

st

nam

ed p

erso

n); o

r (ii

) an

y ot

her

pers

on w

ho h

as (

whe

ther

or

not i

n a

man

ner

whi

ch i

s le

gally

bin

ding

) ag

reed

or

com

mitt

ed h

imse

lf or

be

com

e ob

liged

or

ar

rang

ed

to

exer

cise

or

re

frai

n fr

om

exer

cisi

ng a

ny r

ight

s at

tach

ing

to a

ny s

hare

, or

any

pow

er t

o di

spos

e of

or

re

tain

an

y sh

are

or

any

inte

rest

th

erei

n in

ac

cord

ance

with

the

sugg

estio

ns, i

nstru

ctio

ns o

r dire

ctio

ns o

f the

fir

st n

amed

per

son

(or o

f any

oth

er A

ssoc

iate

of t

he fi

rst n

amed

pe

rson

). Pr

ovid

ed th

at w

here

a p

erso

n ha

s be

en a

ppoi

nted

to a

ct a

s th

e pr

oxy

for

the

first

nam

ed p

erso

n to

vot

e at

a m

eetin

g of

the

C

ompa

ny s

uch

prox

y fo

r the

firs

t nam

ed p

erso

n sh

all n

ot b

e th

e A

ssoc

iate

of t

he o

ther

by

reas

on so

lely

of s

uch

appo

intm

ent;

or

(iii)

in

the

case

w

here

th

e fir

st

nam

ed

pers

on

is

a go

vern

men

t or g

over

nmen

t dep

artm

ent o

r age

ncy

or b

ody,

suc

h go

vern

men

t or

any

oth

er d

epar

tmen

t ag

ency

or

body

of

such

go

vern

men

t or a

ny b

ody

corp

orat

e w

hich

is a

n A

ssoc

iate

of a

ny

of th

e sa

me

by v

irtue

of (

i) ab

ove;

or

(iv)

in th

e ca

se w

here

the

first

nam

ed p

erso

n is

a tr

uste

e of

an

y tru

st, a

ny o

r al

l of

the

othe

r tru

stee

s, an

y or

all

settl

ors

of

Page 60: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

56

52

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

settl

ors

of s

uch

trust

and

any

or a

ll be

nefic

iarie

s (in

clud

ing

cont

inge

nt b

enef

icia

ries)

und

er su

ch tr

ust;

or

(v)

in th

e ca

se w

here

the

first

nam

ed p

erso

n is

a b

ody

corp

orat

e, a

ny D

irect

or o

f su

ch b

ody

corp

orat

e an

d vi

ce

vers

a;

and

any

Ass

ocia

te o

f th

e fir

st n

amed

per

son

shal

l (u

nles

s th

e D

irect

ors

othe

rwis

e de

term

ine)

be

deem

ed a

lso

to b

e an

A

ssoc

iate

of a

ll ot

her A

ssoc

iate

s of t

he fi

rst n

amed

per

son.

“c

ontro

l” m

eans

to b

e in

the

posi

tion

of s

uch

a pe

rson

as

is

the

first

nam

ed p

erso

n in

par

agra

ph (

ii) o

f “A

ssoc

iate

” ab

ove.

“f

orei

gner

s” i

nclu

des

fore

ign

corp

orat

ion

and

corp

orat

ion

unde

r for

eign

con

trol a

s def

ined

und

er A

rticl

e 2.

“p

resc

ribed

lim

it” m

eans

the

per

cent

age

limits

pre

scrib

ed

unde

r sub

-arti

cles

(b) o

r (c)

as t

he c

ase

may

be.

(b)

Tota

l num

ber o

f sha

res h

eld

by fo

reig

ners

Th

e to

tal n

umbe

r of s

hare

s tha

t may

be

held

by

fore

igne

rs a

t an

y pa

rticu

lar t

ime

shal

l not

exc

eed

thirt

y pe

rcen

t (30

%) o

f al

l th

e sh

ares

of

the

Com

pany

the

n in

iss

ue a

nd t

he

Com

pany

sha

ll m

ake

quar

terly

ann

ounc

emen

ts b

y te

lex

or

conf

irmed

fac

sim

ile t

o th

e Ex

chan

ge o

r an

y ot

her

stoc

k ex

chan

ge o

n w

hich

the

Com

pany

’s s

hare

s ar

e lis

ted

in

resp

ect o

f suc

h sh

areh

oldi

ng.

PRO

VID

ED T

HA

T w

hen

such

sha

reho

ldin

g re

ache

s th

e m

axim

um t

hirty

per

cent

(30

%)

limit

the

anno

unce

men

t in

such

tru

st a

nd a

ny o

r al

l be

nefic

iarie

s (in

clud

ing

cont

inge

nt

bene

ficia

ries)

und

er su

ch tr

ust;

or

(v)

in t

he c

ase

whe

re t

he f

irst

nam

ed p

erso

n is

a b

ody

corp

orat

e, a

ny D

irect

or o

f suc

h bo

dy c

orpo

rate

and

vic

e ve

rsa;

an

d an

y A

ssoc

iate

of

the

first

nam

ed p

erso

n sh

all

(unl

ess

the

Dire

ctor

s ot

herw

ise

dete

rmin

e)

be

deem

ed

also

to

be

an

A

ssoc

iate

of a

ll ot

her A

ssoc

iate

s of t

he fi

rst n

amed

per

son.

“c

ontro

l” m

eans

to b

e in

the

posi

tion

of s

uch

a pe

rson

as

is th

e fir

st n

amed

per

son

in p

arag

raph

(ii)

of “

Ass

ocia

te”

abov

e.

“for

eign

ers”

incl

udes

fore

ign

corp

orat

ion

and

corp

orat

ion

unde

r fo

reig

n co

ntro

l as d

efin

ed u

nder

Arti

cle

2 R

ule

8.

“pre

scrib

ed li

mit”

mea

ns th

e pe

rcen

tage

lim

its p

resc

ribed

und

er

sub-

artic

les s

ub-r

ules

(b) o

r (c)

as t

he c

ase

may

be.

(b)

Tota

l num

ber o

f sha

res h

eld

by fo

reig

ners

Th

e to

tal n

umbe

r of s

hare

s tha

t may

be

held

by

fore

igne

rs a

t any

pa

rticu

lar

time

shal

l not

exc

eed

thirt

y pe

r ce

nt (

30%

) of

all

the

shar

es o

f th

e C

ompa

ny t

hen

in i

ssue

and

the

Com

pany

sha

ll m

ake

quar

terly

ann

ounc

emen

ts b

y te

lex

or c

onfir

med

fac

sim

ile

to t

he E

xcha

nge

or a

ny o

ther

sto

ck e

xcha

nge

on w

hich

the

C

ompa

ny’s

shar

es a

re li

sted

in re

spec

t of s

uch

shar

ehol

ding

. PR

OV

IDED

TH

AT

whe

n su

ch

shar

ehol

ding

re

ache

s th

e m

axim

um t

hirty

per

cen

t (3

0%)

limit

the

anno

unce

men

t in

Page 61: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

56 57

53

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

resp

ect o

f the

said

shar

ehol

ding

shal

l be

mad

e im

med

iate

ly.

(c)

Tota

l num

ber o

f vot

ing

right

s by

fore

igne

rs

The

tota

l num

ber o

f vot

ing

right

s th

at m

ay b

e ex

erci

sed

by

fore

igne

rs a

t any

par

ticul

ar ti

me

shal

l not

exc

eed

thirt

y pe

r ce

nt (3

0%) o

f the

tota

l vot

ing

right

s of

all

mem

bers

hav

ing

the

right

to v

ote

at g

ener

al m

eetin

gs o

f the

Com

pany

. (d

) If

it ap

pear

s to

them

that

in r

elat

ion

to a

ny p

erso

n th

e lim

itatio

ns s

et o

ut i

n (b

) an

d/or

(c)

abo

ve m

ay b

e ex

ceed

ed t

he D

irect

ors

shal

l be

ent

itled

to

refu

se t

he

regi

ster

any

sha

res

in th

e na

me

of th

at p

erso

n (o

ther

than

as

an a

llotte

e un

der a

n is

sue

of s

hare

by

way

of c

apita

lizat

ion

of p

rofit

s or

res

erve

s m

ade

purs

uant

to

thes

e A

rticl

es)

unle

ss

ther

e sh

all

first

ha

ve

been

gi

ven

to

them

a

decl

arat

ion

(in su

ch fo

rm a

s the

Dire

ctor

s sha

ll fr

om ti

me

to

time

pres

crib

e) s

tatin

g th

e to

tal

num

ber

of s

hare

s he

ld b

y th

at p

erso

n an

d hi

s A

ssoc

iate

s) a

nd t

he t

otal

vot

ing

right

s ex

erci

sabl

e) a

nd th

e to

tal v

otin

g rig

hts

exer

cisa

ble

by h

im

and

his

Ass

ocia

tes)

on

a po

ll at

gen

eral

mee

tings

of

the

Com

pany

and

the

Dire

ctor

s ar

e sa

tisfie

d as

to th

e co

nten

ts

ther

eof.

(e)

Subj

ect

to

the

prov

isio

ns

of

this

A

rticl

e,

the

Dire

ctor

s sh

all,

unle

ss

they

ha

ve

reas

on

to

belie

ve

othe

rwis

e, b

e en

title

d to

ass

ume

with

out

enqu

iry t

hat

no

pers

on

hold

s sh

ares

or

is

ca

pabl

e of

ex

erci

sing

or

co

ntro

lling

th

e ex

erci

se o

f vo

ting

right

s of

all

mem

bers

ha

ving

the

right

to v

ote

on a

pol

l at g

ener

al m

eetin

gs o

f the

C

ompa

ny m

ore

than

the

pres

crib

ed li

mit.

Nev

erth

eles

s, th

e D

irect

ors

may

at

any

time

give

not

ice

in w

ritin

g to

any

pe

rson

requ

iring

him

to m

ake

a de

clar

atio

n (in

such

form

as

resp

ect o

f the

said

shar

ehol

ding

shal

l be

mad

e im

med

iate

ly.

(c)

Tota

l num

ber o

f vot

ing

right

s by

fore

igne

rs

The

tota

l nu

mbe

r of

vot

ing

right

s th

at m

ay b

e ex

erci

sed

by

fore

igne

rs a

t any

par

ticul

ar ti

me

shal

l not

exc

eed

thirt

y pe

r cen

t (3

0%) o

f the

tota

l vot

ing

right

s of

all

Mem

bers

hav

ing

the

right

to

vot

e at

gen

eral

mee

tings

of t

he C

ompa

ny.

(d)

If it

appe

ars

to th

em t

hat i

n re

latio

n to

any

per

son

the

limita

tions

set

out

in

(b)

and/

or (

c) a

bove

may

be

exce

eded

, su

bjec

t to

the

Cen

tral

Dep

osito

ries

Act

or

the

Rul

es o

f th

e D

epos

itory

, the

Dire

ctor

s sh

all b

e en

title

d to

refu

se th

e re

gist

er

any

shar

es in

the

nam

e of

that

per

son

(oth

er th

an a

s an

allo

ttee

unde

r an

iss

ue o

f sh

are

by w

ay o

f ca

pita

lizat

ion

of p

rofit

s or

re

serv

es m

ade

purs

uant

to

thes

e A

rticl

es t

his

Con

stitu

tion)

un

less

ther

e sh

all f

irst h

ave

been

giv

en to

them

a d

ecla

ratio

n (in

su

ch f

orm

as

the

Dire

ctor

s sh

all

from

tim

e to

tim

e pr

escr

ibe)

st

atin

g th

e to

tal

num

ber

of s

hare

s he

ld b

y th

at p

erso

n an

d hi

s A

ssoc

iate

s) a

nd th

e to

tal v

otin

g rig

hts

exer

cisa

ble)

and

the

tota

l vo

ting

right

s ex

erci

sabl

e by

him

and

his

Ass

ocia

tes)

on

a po

ll at

ge

nera

l mee

tings

of t

he C

ompa

ny a

nd th

e D

irect

ors

are

satis

fied

as to

the

cont

ents

ther

eof.

(e)

Subj

ect

to t

he p

rovi

sion

s of

thi

s A

rticl

e R

ule,

the

D

irect

ors

shal

l, un

less

they

hav

e re

ason

to b

elie

ve o

ther

wis

e, b

e en

title

d to

ass

ume

with

out e

nqui

ry th

at n

o pe

rson

hol

ds s

hare

s or

is c

apab

le o

f ex

erci

sing

or

cont

rolli

ng th

e ex

erci

se o

f vo

ting

right

s of

all

Mem

bers

hav

ing

the

right

to

vote

on

a po

ll at

ge

nera

l m

eetin

gs o

f th

e C

ompa

ny m

ore

than

the

pre

scrib

ed

limit.

Nev

erth

eles

s, th

e D

irect

ors

may

at a

ny ti

me

give

not

ice

in

writ

ing

to a

ny p

erso

n re

quiri

ng h

im t

o m

ake

a de

clar

atio

n (in

su

ch fo

rm a

s the

Dire

ctor

s sha

ll pr

escr

ibe)

with

in s

uch

perio

d as

Page 62: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

58

54

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

the

Dire

ctor

s sh

all p

resc

ribe)

with

in s

uch

perio

d as

may

be

spec

ified

in th

e no

tice

as to

the

tota

l num

ber o

f sha

res

held

by

hi

m

and

his

Ass

ocia

tes

(and

th

e na

mes

of

su

ch

Ass

ocia

tes)

and

/or

as t

o th

e sa

id v

otes

of

whi

ch h

e ca

n co

ntro

l the

exe

rcis

e an

d/or

as

to w

heth

er h

e is

an

Ass

ocia

te

of a

ny o

ther

per

son

or p

erso

ns [

and

the

nam

es o

f an

y su

ch

Ass

ocia

te(s

) or

per

son(

s)]

and

from

the

dat

e of

ser

vice

of

such

not

ice

until

the

Dire

ctor

s de

clar

e th

emse

lves

sat

isfie

d w

ith t

he c

onte

nts

of a

dec

lara

tion

rece

ived

by

them

fro

m

such

per

son

shal

l not

con

fer

any

right

to re

ceiv

e no

tices

of

or to

atte

nd o

r vot

e at

gen

eral

mee

tings

of t

he C

ompa

ny.

(f)

If w

ithin

21

days

afte

r the

giv

ing

of s

uch

notic

e as

is

refe

rred

to in

(e) a

bove

(or

such

sho

rter

or lo

nger

per

iod

as i

n al

l th

e ci

rcum

stan

ces

the

Dire

ctor

s sh

all

cons

ider

re

ason

able

and

sha

ll sp

ecify

in th

e no

tice)

the

Dire

ctor

s ar

e no

t sat

isfie

d th

at th

e pe

rson

refe

rred

to in

suc

h no

tice

give

n pu

rsua

nt to

(e) a

bove

nei

ther

hol

ds s

hare

s no

r is

capa

ble

of

exer

cisi

ng o

r con

trolli

ng th

e ex

erci

se o

f vot

ing

right

s of

all

mem

bers

hav

ing

the

right

to

vote

on

a po

ll at

gen

eral

m

eetin

gs o

f th

e C

ompa

ny e

xcee

ding

the

pre

scrib

ed l

imit,

th

e D

irect

ors

may

giv

e a

furth

er n

otic

e in

writ

ing

to s

uch

pers

on s

peci

fyin

g th

e ot

her

pers

on(s

) be

lieve

d by

the

m t

o be

Ass

ocia

tes

of s

uch

pers

on a

nd r

equi

ring

him

and

all

or

any

of h

is A

ssoc

iate

s (a

s th

e D

irect

ors

may

det

erm

ine)

(as

th

e D

irect

ors

may

det

erm

ine)

to

trans

fer

such

num

ber

of

shar

es (

‘Exc

ess

Shar

es’)

to

othe

r pe

rson

s w

ho a

re n

ot h

is

Ass

ocia

tes

as w

ill re

sult

in th

e D

irect

ors

bein

g sa

tisfie

d th

at

the

num

ber

of t

he s

hare

s he

ld b

y hi

m a

nd h

is A

ssoc

iate

s do

es n

ot e

xcee

d th

e pr

escr

ibed

lim

it no

r is

he

capa

ble

of

exer

cisi

ng o

r co

ntro

lling

the

exer

cisi

ng o

f th

e to

tal v

otin

g rig

hts

of a

ll m

embe

rs h

avin

g th

e rig

ht t

o vo

te a

t ge

nera

l m

eetin

gs o

f the

Com

pany

exc

eedi

ng th

e pr

escr

ibed

lim

it.

may

be

spec

ified

in th

e no

tice

as to

the

tota

l num

ber

of s

hare

s he

ld b

y hi

m a

nd h

is A

ssoc

iate

s (a

nd t

he n

ames

of

such

A

ssoc

iate

s) a

nd/o

r as

to th

e sa

id v

otes

of

whi

ch h

e ca

n co

ntro

l th

e ex

erci

se a

nd/o

r as

to w

heth

er h

e is

an

Ass

ocia

te o

f any

oth

er

pers

on o

r pe

rson

s [a

nd t

he n

ames

of

any

such

Ass

ocia

te(s

) or

pe

rson

(s)]

and

fro

m th

e da

te o

f se

rvic

e of

suc

h no

tice

until

the

Dire

ctor

s de

clar

e th

emse

lves

sat

isfie

d w

ith t

he c

onte

nts

of a

de

clar

atio

n re

ceiv

ed b

y th

em f

rom

suc

h pe

rson

sha

ll no

t con

fer

any

right

to

rece

ive

notic

es o

f or

to

atte

nd o

r vo

te a

t ge

nera

l m

eetin

gs o

f the

Com

pany

. (f

) If

with

in 2

1 da

ys a

fter

the

givi

ng o

f su

ch n

otic

e as

is

refe

rred

to in

(e) a

bove

(or s

uch

shor

ter o

r lon

ger p

erio

d as

in a

ll th

e ci

rcum

stan

ces

the

Dire

ctor

s sh

all

cons

ider

rea

sona

ble

and

shal

l spe

cify

in th

e no

tice)

the

Dire

ctor

s are

not

satis

fied

that

the

pers

on r

efer

red

to i

n su

ch n

otic

e gi

ven

purs

uant

to

(e)

abov

e ne

ither

hol

ds s

hare

s no

r is

capa

ble

of e

xerc

isin

g or

con

trolli

ng

the

exer

cise

of v

otin

g rig

hts

of a

ll M

embe

rs h

avin

g th

e rig

ht to

vo

te o

n a

poll

at g

ener

al m

eetin

gs o

f th

e C

ompa

ny e

xcee

ding

th

e pr

escr

ibed

lim

it, th

e D

irect

ors

may

giv

e a

furth

er n

otic

e in

w

ritin

g to

suc

h pe

rson

spe

cify

ing

the

othe

r pe

rson

(s)

belie

ved

by th

em to

be

Ass

ocia

tes

of s

uch

pers

on a

nd re

quiri

ng h

im a

nd

all o

r any

of h

is A

ssoc

iate

s (as

the

Dire

ctor

s m

ay d

eter

min

e) (a

s th

e D

irect

ors

may

det

erm

ine)

to tr

ansf

er s

uch

num

ber o

f sha

res

(‘Ex

cess

Sha

res’

) to

othe

r per

sons

who

are

not

his

Ass

ocia

tes

as

will

resu

lt in

the

Dire

ctor

s bei

ng s

atis

fied

that

the

num

ber o

f the

sh

ares

hel

d by

him

and

his

Ass

ocia

tes

does

not

exc

eed

the

pres

crib

ed l

imit

nor

is h

e ca

pabl

e of

exe

rcis

ing

or c

ontro

lling

th

e ex

erci

sing

of

the

tota

l vot

ing

right

s of

all

Mem

bers

hav

ing

the

right

to v

ote

at g

ener

al m

eetin

gs o

f the

Com

pany

exc

eedi

ng

the

pres

crib

ed li

mit.

Page 63: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

58 59

55

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

If w

ithin

21

days

afte

r the

giv

ing

of s

uch

furth

er n

otic

e (o

r su

ch e

xten

ded

time

as in

all

the

circ

umst

ance

s th

e D

irect

ors

shal

l con

side

r rea

sona

ble)

suc

h no

tice

is n

ot c

ompl

ied

with

to

the

sat

isfa

ctio

n of

the

Dire

ctor

s, th

e D

irect

ors

may

ar

rang

e fo

r th

e C

ompa

ny t

o se

ll th

e Ex

cess

Sha

res

at t

he

best

pric

e re

ason

ably

obt

aina

ble.

For

thi

s pu

rpos

e th

e D

irect

ors

may

aut

horis

e in

writ

ing

any

offic

er o

r em

ploy

ee

of t

he C

ompa

ny t

o ex

ecut

e on

beh

alf

or t

rans

fers

of

the

Exce

ss S

hare

s to

the

purc

hase

r or p

urch

aser

s an

d m

ay is

sue

a ne

w c

ertif

icat

e to

the

purc

hase

r or p

urch

aser

s. Th

e ne

t pro

ceed

s of

the

sale

of s

uch

Exce

ss S

hare

s sh

all b

e re

ceiv

ed b

y th

e C

ompa

ny w

hose

rec

eipt

sha

ll be

a g

ood

disc

harg

e fo

r the

pur

chas

e m

oney

and

sha

ll be

pai

d ov

er b

y th

e C

ompa

ny

to

the

form

er

hold

er

or

hold

ers

upon

su

rren

der

by h

im o

r th

em o

f th

e ce

rtific

ates

for

the

Exce

ss

Shar

es, b

ut s

uch

proc

eeds

sha

ll in

no

circ

umst

ance

s ca

rry

inte

rest

aga

inst

the

Com

pany

. (g

) Th

e D

irect

ors

shal

l no

t be

req

uire

d to

giv

e an

y re

ason

s fo

r an

y de

cisi

on o

r de

clar

atio

n ta

ken

or m

ade

in

acco

rdan

ce w

ith th

is A

rticl

e.

If w

ithin

21

days

afte

r the

giv

ing

of s

uch

furth

er n

otic

e (o

r suc

h ex

tend

ed t

ime

as i

n al

l th

e ci

rcum

stan

ces

the

Dire

ctor

s sh

all

cons

ider

rea

sona

ble)

suc

h no

tice

is n

ot c

ompl

ied

with

to

the

satis

fact

ion

of th

e D

irect

ors,

the

Dire

ctor

s m

ay a

rran

ge f

or th

e C

ompa

ny to

sel

l the

Exc

ess

Shar

es a

t the

bes

t pric

e re

ason

ably

ob

tain

able

. Fo

r th

is p

urpo

se t

he D

irect

ors

may

aut

horis

e in

w

ritin

g an

y of

ficer

or

empl

oyee

of

the

Com

pany

to e

xecu

te o

n be

half

or t

rans

fers

of

the

Exce

ss S

hare

s to

the

pur

chas

er o

r pu

rcha

sers

. and

may

issu

e a

new

cer

tific

ate

to th

e pu

rcha

ser

or

purc

hase

rs.

The

net

proc

eeds

of

the

sale

of

such

Exc

ess

Shar

es s

hall

be

rece

ived

by

the

Com

pany

who

se r

ecei

pt s

hall

be a

goo

d di

scha

rge

for t

he p

urch

ase

mon

ey a

nd s

hall

be p

aid

over

by

the

Com

pany

to th

e fo

rmer

hol

der o

r hol

ders

upo

n su

rren

der b

y hi

m

or t

hem

of

the

certi

ficat

es f

or t

he E

xces

s Sh

ares

, bu

t su

ch

proc

eeds

sha

ll in

no

circ

umst

ance

s ca

rry

inte

rest

aga

inst

the

C

ompa

ny.

(g)

The

Dire

ctor

s sh

all n

ot b

e re

quire

d to

giv

e an

y re

ason

s fo

r an

y de

cisi

on o

r de

clar

atio

n ta

ken

or m

ade

in a

ccor

danc

e w

ith th

is A

rticl

e R

ule.

FOR

FEIT

UR

E O

F SH

AR

ES

30.

Dire

ctor

s may

requ

ire p

aym

ent o

f cal

ls w

ith e

xpen

ses

If an

y m

embe

r fai

ls to

pay

the

who

le o

r any

par

t of a

ny c

all

or in

stal

men

t of a

cal

l on

or b

efor

e th

e da

y ap

poin

ted

for t

he

paym

ent t

here

of, t

he D

irect

ors

may

at a

ny ti

me

ther

eafte

r, du

ring

such

tim

e as

the

call

or in

stal

men

t or a

ny p

art t

here

of

rem

ains

unp

aid,

ser

ve a

not

ice

on h

im o

r on

the

per

son

34.

Dire

ctor

s m

ay re

quire

pay

men

t of c

alls

with

exp

ense

s pr

ofit

or

com

pens

atio

n If

any

mem

ber

fails

to p

ay th

e w

hole

or

any

part

of a

ny c

all o

r in

stal

men

t of

a c

all

on o

r be

fore

the

day

app

oint

ed f

or t

he

paym

ent

ther

eof,

the

Dire

ctor

s m

ay a

t an

y tim

e th

erea

fter,

durin

g su

ch t

ime

as t

he c

all

or i

nsta

lmen

t or

any

par

t th

ereo

f re

mai

ns u

npai

d, s

erve

a n

otic

e on

him

or o

n th

e pe

rson

ent

itled

Page 64: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

60

56

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

entit

led

to t

he s

hare

by

trans

mis

sion

req

uirin

g hi

m t

o pa

y su

ch c

all

or i

nsta

lmen

t or

suc

h pa

rt th

ereo

f as

rem

ains

un

paid

tog

ethe

r w

ith a

ny e

xpen

ses

that

may

hav

e ac

crue

d by

reas

on o

f suc

h no

n-pa

ymen

t.

to t

he s

hare

by

trans

mis

sion

req

uirin

g hi

m t

o pa

y su

ch c

all o

r in

stal

men

t or s

uch

part

ther

eof a

s re

mai

ns u

npai

d to

geth

er w

ith

any

expe

nses

pro

fit o

r co

mpe

nsat

ion

that

may

hav

e ac

crue

d by

re

ason

of s

uch

non-

paym

ent.

31

. N

otic

e re

quiri

ng p

aym

ent t

o co

ntai

n ce

rtain

par

ticul

ars

The

notic

e sh

all

nam

e a

furth

er d

ay (

not

earli

er t

han

the

expi

ratio

n of

four

teen

(14)

day

s fr

om th

e da

te o

f the

not

ice)

on

or

befo

re w

hich

suc

h ca

ll or

inst

alm

ent,

or s

uch

part

as

afor

esai

d an

d ex

pens

es th

at h

ave

accr

ued

by re

ason

of s

uch

non-

paym

ent,

are

to b

e pa

id.

It sh

all

also

nam

e th

e pl

ace

whe

re p

aym

ent

is t

o be

mad

e, a

nd s

hall

stat

e th

at, i

n th

e ev

ent o

f non

-pay

men

t at o

r bef

ore

the

time

and

at th

e pl

ace

appo

inte

d, t

he s

hare

s in

res

pect

of

whi

ch s

uch

call

was

m

ade

will

be

liabl

e to

be

forf

eite

d.

35.

Not

ice

requ

iring

pay

men

t to

cont

ain

certa

in p

artic

ular

s Th

e no

tice

shal

l na

me

a fu

rther

day

(no

t ea

rlier

tha

n th

e ex

pira

tion

of fo

urte

en (1

4) d

ays

from

the

date

of t

he n

otic

e) o

n or

bef

ore

whi

ch su

ch c

all o

r ins

talm

ent,

or su

ch p

art a

s afo

resa

id

and

expe

nses

pro

fit o

r co

mpe

nsat

ion

that

hav

e ac

crue

d by

re

ason

of

such

non

-pay

men

t, ar

e to

be

paid

. It s

hall

also

nam

e th

e pl

ace

whe

re p

aym

ent i

s to

be

mad

e, a

nd s

hall

stat

e th

at, i

n th

e ev

ent o

f non

-pay

men

t at o

r bef

ore

the

time

and

at th

e pl

ace

appo

inte

d, t

he s

hare

s in

res

pect

of

whi

ch s

uch

call

was

mad

e w

ill b

e lia

ble

to b

e fo

rfei

ted.

32.

On

non-

com

plia

nce

with

no

tice

shar

es

forf

eite

d on

re

solu

tion

of D

irect

ors

If th

e re

quire

men

ts o

f an

y su

ch n

otic

e as

afo

resa

id a

re n

ot

com

plie

d w

ith a

ny sh

are

in re

spec

t of w

hich

such

not

ice

has

been

giv

en m

ay a

t any

tim

e th

erea

fter,

befo

re th

e pa

ymen

t re

quire

d by

the

not

ice

has

been

mad

e, b

e fo

rfei

ted

by a

re

solu

tion

of t

he D

irect

ors

to t

he e

ffec

t. A

for

feitu

re o

f sh

ares

sha

ll in

clud

e al

l di

vide

nds

in r

espe

ct o

f th

e sh

ares

no

t act

ually

pai

d be

fore

the

forf

eitu

re n

ot w

ithst

andi

ng th

at

they

shal

l hav

e be

en d

ecla

red.

36.

On

non-

com

plia

nce

with

not

ice

shar

es fo

rfei

ted

on re

solu

tion

of

Dire

ctor

s If

the

requ

irem

ents

of

any

such

not

ice

as a

fore

said

are

not

co

mpl

ied

with

any

sha

re i

n re

spec

t of

whi

ch s

uch

notic

e ha

s be

en g

iven

may

sha

ll at

any

tim

e th

erea

fter,

befo

re th

e pa

ymen

t re

quire

d by

the

not

ice

has

been

mad

e, b

e fo

rfei

ted

by a

re

solu

tion

of t

he D

irect

ors

to th

e ef

fect

. A f

orfe

iture

of

shar

es

shal

l inc

lude

all

divi

dend

s in

res

pect

of

the

shar

es n

ot a

ctua

lly

paid

bef

ore

the

forf

eitu

re n

ot w

ithst

andi

ng th

at th

ey s

hall

have

be

en d

ecla

red.

32A

D

irect

ors m

ay a

nnul

forf

eitu

re u

pon

term

s N

otw

ithst

andi

ng

any

such

fo

rfei

ture

as

af

ores

aid

the

37.

Dire

ctor

s may

ann

ul fo

rfei

ture

upo

n te

rms

Not

with

stan

ding

any

suc

h fo

rfei

ture

as

afor

esai

d th

e D

irect

ors

Page 65: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

60 61

57

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Dire

ctor

s m

ay a

t an

y tim

e be

fore

the

for

feite

d sh

are

has

been

oth

erw

ise

disp

osed

of

annu

l th

e fo

rfei

ture

upo

n th

e te

rms

of p

aym

ent

of a

ll ca

lls a

nd a

ll ex

pens

es in

curr

ed i

n re

spec

t of t

he s

hare

and

upo

n su

ch fu

rther

term

s (if

any

) as

they

shal

l see

fit.

may

at

any

time

befo

re th

e fo

rfei

ted

shar

e ha

s be

en o

ther

wis

e di

spos

ed o

f ann

ul th

e fo

rfei

ture

upo

n th

e te

rms o

f pay

men

t of a

ll ca

lls a

nd a

ll ex

pens

es a

ny p

rofit

or

com

pens

atio

n in

curr

ed in

re

spec

t of t

he s

hare

and

upo

n su

ch fu

rther

term

s (if

any

) as

they

sh

all s

ee fi

t.

33.

Dire

ctor

s may

dis

pose

of f

orfe

ited

shar

es

Ever

y sh

are

whi

ch s

hall

be f

orfe

ited

may

be

sold

, re

-al

lotte

d or

oth

erw

ise

disp

osed

of,

eith

er to

the

pers

on w

ho

was

bef

ore

forf

eitu

re th

e ho

lder

ther

eof

or e

ntitl

ed th

eret

o,

or to

any

oth

er p

erso

n up

on s

uch

term

s an

d in

suc

h m

anne

r as

the

Dire

ctor

s sh

all

thin

k fit

, an

d th

e D

irect

ors

may

, if

nece

ssar

y, a

utho

rize

som

e pe

rson

to

trans

fer

the

sam

e to

su

ch o

ther

per

son

as a

fore

said

. Th

e ne

t pr

ocee

ds o

f an

y su

ch s

ale

or d

ispo

sal

shal

l be

re

ceiv

ed b

y th

e C

ompa

ny a

nd a

pplie

d in

or

tow

ards

the

to

tal

amou

nt o

f al

l ca

lls d

ue i

n re

spec

t th

ereo

f an

d th

e re

sidu

e, if

any

afte

r de

duct

ing

all e

xpen

ses

shal

l be

paid

to

the

pers

on

who

se

shar

es

have

be

en

forf

eite

d,

or

his

exec

utor

s, ad

min

istra

tors

or a

ssig

nees

or a

s he

dire

cts.

38.

Dire

ctor

s may

dis

pose

of f

orfe

ited

shar

es

Ever

y sh

are

whi

ch s

hall

be fo

rfei

ted

may

be

sold

, re-

allo

tted

or

othe

rwis

e di

spos

ed o

f, ei

ther

to

the

pers

on w

ho w

as b

efor

e fo

rfei

ture

the

hold

er th

ereo

f or

ent

itled

ther

eto,

or

to a

ny o

ther

pe

rson

upo

n su

ch t

erm

s an

d in

suc

h m

anne

r as

the

Dire

ctor

s sh

all

thin

k fit

, an

d th

e D

irect

ors

may

, if

nece

ssar

y, a

utho

rize

som

e pe

rson

to

trans

fer

the

sam

e to

suc

h ot

her

pers

on a

s af

ores

aid.

Th

e ne

t pro

ceed

s of

any

suc

h sa

le o

r di

spos

al s

hall

be r

ecei

ved

by th

e C

ompa

ny a

nd a

pplie

d in

or

tow

ards

the

tota

l am

ount

of

all

calls

due

in

resp

ect

ther

eof

and

the

resi

due,

if

any

afte

r de

duct

ing

all

expe

nses

aft

er t

he s

atisf

actio

n of

the

unp

aid

calls

and

acc

rued

pro

fit a

nd e

xpen

ses,

shal

l be

pai

d to

the

pe

rson

who

se s

hare

s ha

ve b

een

forf

eite

d, o

r hi

s ex

ecut

ors,

adm

inis

trato

rs o

r ass

igne

es o

r as h

e di

rect

s.

34.

Form

er h

olde

r of f

orfe

ited

shar

es li

able

for c

all m

ade

befo

re

forf

eitu

re

A s

hare

hold

er w

hose

sha

res

have

bee

n fo

rfei

ted

shal

l, no

twith

stan

ding

, be

liabl

e to

pay

to th

e C

ompa

ny a

ll ca

lls

mad

e an

d no

t pai

d on

such

shar

es a

t the

tim

e of

forf

eitu

re in

th

e sa

me

man

ner i

n al

l res

pect

s as i

f the

shar

es h

ad n

ot b

een

forf

eite

d, a

nd to

sat

isfy

all

(if a

ny) t

he c

laim

s an

d de

man

ds

whi

ch th

e C

ompa

ny m

ight

hav

e en

forc

ed in

res

pect

of

the

39.

Form

er h

olde

r of

for

feite

d sh

ares

lia

ble

for

call

mad

e be

fore

fo

rfei

ture

A

sh

areh

olde

r w

hose

sh

ares

ha

ve

been

fo

rfei

ted

shal

l, no

twith

stan

ding

, be

liabl

e to

pay

to th

e C

ompa

ny a

ll ca

lls m

ade

and

not

paid

on

such

sha

res

(with

pro

fit o

r co

mpe

nsat

ion

at

eigh

t per

cen

t (8%

) per

ann

um fr

om th

e da

te o

f for

feitu

re to

th

e da

te o

f pa

ymen

t if

the

Boa

rd t

hink

s fit

to

enfo

rce

paym

ent

of s

uch

prof

it or

com

pens

atio

n) a

t th

e tim

e of

Page 66: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

62

58

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

shar

es a

t th

e tim

e of

for

feitu

re,

with

out

any

dedu

ctio

n or

al

low

ance

for

the

val

ue o

f th

e sh

ares

at

the

time

of

forf

eitu

re.

forf

eitu

re in

the

sam

e m

anne

r in

all r

espe

cts

as if

the

shar

es h

ad

not

been

for

feite

d, a

nd t

o sa

tisfy

all

(if a

ny)

the

clai

ms

and

dem

ands

whi

ch th

e C

ompa

ny m

ight

hav

e en

forc

ed in

resp

ect o

f th

e sh

ares

at

the

time

of f

orfe

iture

, w

ithou

t an

y de

duct

ion

or

allo

wan

ce f

or t

he v

alue

of

the

shar

es a

t th

e tim

e of

for

feitu

re

and

the

liabi

lity

shal

l ce

ase

if an

d w

hen

the

com

pany

re

ceiv

es p

aym

ent

in f

ull o

f al

l suc

h m

oney

in r

espe

ct o

f th

e sh

ares

.

35.

Con

sequ

ence

s of F

orfe

iture

Th

e fo

rfei

ture

of

a sh

are

shal

l inv

olve

the

extin

ctio

n at

the

time

of f

orfe

iture

of

all

clai

ms

and

dem

ands

aga

inst

the

C

ompa

ny i

n re

spec

t of

the

sha

re, a

nd a

ll ot

her

right

s an

d lia

bilit

ies

inci

dent

al to

the

shar

e as

bet

wee

n th

e sh

areh

olde

r w

hose

shar

e is

forf

eite

d an

d th

e C

ompa

ny, e

xcep

t onl

y su

ch

of t

hose

rig

hts

and

liabi

litie

s as

are

by

thes

e A

rticl

es

expr

essl

y sa

ved,

or

as a

re b

y th

e A

ct g

iven

or

impo

sed

in

the

case

of p

ast m

embe

rs.

40.

Con

sequ

ence

s of F

orfe

iture

Th

e fo

rfei

ture

of a

shar

e sh

all i

nvol

ve th

e ex

tinct

ion

at th

e tim

e of

forf

eitu

re o

f all

clai

ms a

nd d

eman

ds a

gain

st th

e C

ompa

ny in

re

spec

t of t

he sh

are,

and

all

othe

r rig

hts a

nd li

abili

ties i

ncid

enta

l to

the

shar

e as

bet

wee

n th

e sh

areh

olde

r who

se sh

are

is fo

rfei

ted

and

the

Com

pany

, exc

ept o

nly

such

of t

hose

righ

ts a

nd li

abili

ties

as a

re b

y th

ese

Arti

cles

Rul

es e

xpre

ssly

save

d, o

r as a

re b

y th

e A

ct g

iven

or i

mpo

sed

in th

e ca

se o

f pas

t Mem

bers

.

36.

Title

to fo

rfei

ted

shar

es

A s

tatu

tory

dec

lara

tion

in w

ritin

g th

at t

he d

ecla

rant

is

a D

irect

or o

f th

e C

ompa

ny,

and

that

a s

hare

has

bee

n du

ly

forf

eite

d in

pur

suan

ce o

f the

se A

rticl

es, a

nd s

tatin

g th

e da

te

upon

whi

ch i

t w

as f

orfe

ited,

sha

ll, a

s ag

ains

t al

l pe

rson

cl

aim

ing

to

be

entit

led

to

the

shar

e ad

vers

ely

to

the

forf

eitu

re t

here

of,

be c

oncl

usiv

e ev

iden

ce o

f th

e fa

cts

ther

ein

stat

ed a

nd su

ch d

ecla

ratio

n, to

geth

er w

ith th

e re

ceip

t of

the

Com

pany

for t

he c

onsi

dera

tion

(if a

ny) g

iven

for t

he

shar

e on

the

sale

or d

ispo

sitio

n th

ereo

f, an

d a

certi

ficat

e of

pr

oprie

tors

hip

of t

he s

hare

und

er t

he s

eal

deliv

ered

to t

he

41.

Title

to fo

rfei

ted

shar

es

A s

tatu

tory

dec

lara

tion

in w

ritin

g th

at th

e de

clar

ant i

s a D

irect

or

of th

e C

ompa

ny o

r Se

cret

ary

of th

e C

ompa

ny, a

nd th

at a

shar

e ha

s be

en d

uly

forf

eite

d in

pur

suan

ce o

f th

ese

Arti

cles

thi

s C

onst

itutio

n, a

nd s

tatin

g th

e da

te u

pon

whi

ch it

was

for

feite

d,

shal

l, as

aga

inst

all

pers

on c

laim

ing

to b

e en

title

d to

the

shar

e ad

vers

ely

to th

e fo

rfei

ture

ther

eof,

be c

oncl

usiv

e ev

iden

ce o

f the

fa

cts

ther

ein

stat

ed a

nd s

uch

decl

arat

ion,

tog

ethe

r w

ith t

he

rece

ipt o

f th

e C

ompa

ny f

or th

e co

nsid

erat

ion

(if a

ny)

give

n fo

r th

e sh

are

on th

e sa

le o

r di

spos

ition

ther

eof,

and

a ce

rtific

ate

of

prop

rieto

rshi

p of

the

shar

e un

der t

he se

al d

eliv

ered

to th

e pe

rson

Page 67: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

62 63

59

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

pers

on t

o w

hom

the

sam

e is

sol

d or

dis

pose

d of

sha

ll co

nstit

ute

a go

od ti

tle to

the

shar

e, a

nd s

uch

pers

on s

hall

be

regi

ster

ed a

s th

e ho

lder

of t

he s

hare

and

sha

ll be

dis

char

ged

from

all

calls

mad

e pr

ior

to s

uch

sale

or

disp

ositi

on a

nd

shal

l not

be

boun

d to

see

to th

e ap

plic

atio

n of

the

purc

hase

m

oney

(if a

ny),

or n

or s

hall

his

title

to th

e sh

are

be a

ffect

ed

by a

ny a

ct, o

mis

sion

or i

rreg

ular

ity re

latin

g to

or c

onne

cted

w

ith th

e pr

ocee

ding

s in

refe

renc

e to

the

forf

eitu

re, s

ale,

re-

allo

tmen

t or d

ispo

sal o

f the

shar

e.

to w

hom

the

sam

e is

sol

d or

dis

pose

d of

sha

ll co

nstit

ute

a go

od

title

to

the

shar

e, a

nd s

uch

pers

on s

hall

be r

egis

tere

d as

the

ho

lder

of

the

shar

e an

d sh

all b

e di

scha

rged

fro

m a

ll ca

lls m

ade

prio

r to

such

sal

e or

dis

posi

tion

and

shal

l not

be

boun

d to

see

to

the

appl

icat

ion

of th

e pu

rcha

se m

oney

(if

any)

, or

nor

shal

l his

title

to th

e sh

are

be a

ffec

ted

by a

ny a

ct, o

mis

sion

or i

rreg

ular

ity

rela

ting

to o

r con

nect

ed w

ith th

e pr

ocee

ding

s in

refe

renc

e to

the

forf

eitu

re, s

ale,

re-a

llotm

ent o

r dis

posa

l of t

he sh

are.

ALT

ERA

TIO

N O

F C

API

TAL

37

. (a

) C

ompa

ny m

ay in

crea

se it

s cap

ital

The

Com

pany

in

gene

ral

mee

ting

may

fro

m t

ime

to t

ime

whe

ther

all

the

shar

es f

or th

e tim

e be

ing

issu

ed s

hall

have

be

en fu

lly c

alle

d up

or n

ot, i

ncre

ase

its s

hare

cap

ital b

y th

e cr

eatio

n an

d is

sue

of n

ew s

hare

s, su

ch n

ew c

apita

l to

be o

f su

ch

amou

nt

and

to

be

divi

ded

into

sh

ares

of

su

ch

resp

ectiv

e am

ount

s an

d to

car

ry s

uch

right

s or

to b

e su

bjec

t to

suc

h co

nditi

ons

or r

estri

ctio

ns i

n re

gard

to

divi

dend

, re

turn

of c

apita

l, vo

ting

or o

ther

wis

e as

the

Com

pany

by

the

reso

lutio

n au

thor

isin

g su

ch in

crea

se d

irect

s. (b

) H

ow f

ar n

ew s

hare

s to

rank

with

sha

res

in o

rigin

al

capi

tal

Exce

pt s

o fa

r as

oth

erw

ise

prov

ided

by

the

cond

ition

of

issu

e, o

r by

thes

e A

rticl

es, a

ny c

apita

l rai

sed

by th

e cr

eatio

n of

new

sha

res

shal

l be

con

side

red

part

of t

he o

rigin

al

capi

tal,

and

shal

l be

su

bjec

t to

th

e pr

ovis

ions

he

rein

co

ntai

ned

with

ref

eren

ce t

o th

e pa

ymen

t of

cal

ls a

nd

inst

alm

ents

, tra

nsfe

r an

d tra

nsm

issi

on,

forf

eitu

re,

lien,

su

rren

der a

nd o

ther

wis

e.

42.

(a)

Com

pany

may

incr

ease

its c

apita

l Th

e C

ompa

ny i

n ge

nera

l m

eetin

g m

ay f

rom

tim

e to

tim

e w

heth

er a

ll th

e sh

ares

for t

he ti

me

bein

g is

sued

sha

ll ha

ve b

een

fully

cal

led

up o

r no

t, in

crea

se it

s sh

are

capi

tal b

y th

e cr

eatio

n an

d is

sue

of n

ew s

hare

s, su

ch n

ew c

apita

l to

be o

f suc

h am

ount

an

d to

be

divi

ded

into

sha

res

of s

uch

resp

ectiv

e am

ount

s an

d to

ca

rry

such

rig

hts

or

to

be

subj

ect

to

such

co

nditi

ons

or

rest

rictio

ns i

n re

gard

to

divi

dend

, re

turn

of

capi

tal,

votin

g or

ot

herw

ise

as t

he C

ompa

ny b

y th

e re

solu

tion

auth

oris

ing

such

in

crea

se d

irect

s. (b

) H

ow f

ar n

ew s

hare

s to

ran

k w

ith s

hare

s in

orig

inal

ca

pita

l Ex

cept

so

far a

s oth

erw

ise

prov

ided

by

the

cond

ition

of i

ssue

, or

by t

hese

Arti

cles

Rul

es,

any

capi

tal

rais

ed b

y th

e cr

eatio

n of

ne

w s

hare

s sh

all b

e co

nsid

ered

par

t of

the

orig

inal

cap

ital,

and

shal

l be

su

bjec

t to

th

e pr

ovis

ions

he

rein

co

ntai

ned

with

re

fere

nce

to th

e pa

ymen

t of

calls

and

inst

alm

ents

, tra

nsfe

r an

d tra

nsm

issi

on, f

orfe

iture

, lie

n, su

rren

der a

nd o

ther

wis

e.

Page 68: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

64

60

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(c)

Off

er o

f new

shar

es to

exi

stin

g m

embe

rs

(i)

Subj

ect t

o an

y di

rect

ion

to th

e co

ntra

ry th

at m

ay b

e gi

ven

by th

e C

ompa

ny in

gen

eral

mee

ting,

all

new

shar

es o

r ot

her c

onve

rtibl

e se

curit

ies

shal

l, be

fore

issu

e, b

e of

fere

d to

su

ch p

erso

ns a

s at

the

dat

e of

the

off

er a

re e

ntitl

ed t

o re

ceiv

e no

tices

fro

m t

he C

ompa

ny o

f ge

nera

l m

eetin

gs i

n pr

opor

tion,

as

near

ly a

s th

e ci

rcum

stan

ces

adm

it, t

o th

e am

ount

of t

he e

xist

ing

shar

es to

whi

ch th

ey a

re e

ntitl

ed.

(ii)

The

Off

er s

hall

be m

ade

by n

otic

e sp

ecify

ing

the

num

ber

of s

hare

s or

sec

uriti

es o

ffer

ed a

nd li

miti

ng a

tim

e w

ithin

whi

ch th

e of

fer,

if no

t acc

epte

d, w

ill b

e de

emed

to b

e de

clin

ed.

(iii)

Afte

r th

e ex

pira

tion

of t

hat

time

or u

pon

bein

g no

tifie

d by

the

per

son

to w

hom

the

off

er i

s m

ade

that

he

decl

ines

to

acce

pt t

he s

hare

s of

fere

d, t

he D

irect

ors

may

is

sue

thos

e sh

ares

or s

ecur

ities

in s

uch

man

ner a

s th

ey th

ink

mos

t ben

efic

ial t

o th

e C

ompa

ny.

(iv)

The

Dire

ctor

s m

ay li

kew

ise

so d

ispo

se o

f an

y ne

w

shar

es o

r se

curit

ies

whi

ch (

by r

easo

n of

the

pro

porti

on

whi

ch th

e ne

w sh

ares

bea

r to

shar

es o

r sec

uriti

es h

eld

by th

e pe

rson

ent

itled

to

an o

ffer

of

new

sha

res

or s

ecur

ities

) ca

nnot

, in

the

opi

nion

of

the

Dire

ctor

s, be

con

veni

ently

of

fere

d un

der t

hese

Arti

cles

. (v

) W

aive

r fro

m th

e Ex

chan

ge

Not

with

stan

ding

the

abov

e, th

e C

ompa

ny m

ay a

pply

to th

e Ex

chan

ge

or a

ny

othe

r st

ock

exch

ange

on

w

hich

th

e C

ompa

ny’s

sha

res

are

liste

d to

wai

ve th

e co

nven

ing

of a

n

(c)

Off

er o

f new

shar

es to

exi

stin

g M

embe

rs

(i)

Subj

ect

to a

ny d

irect

ion

to t

he c

ontra

ry t

hat

may

be

give

n by

the

Com

pany

in

gene

ral

mee

ting,

all

new

sha

res

or

othe

r co

nver

tible

sec

uriti

es s

hall,

bef

ore

issu

e, b

e of

fere

d to

su

ch p

erso

ns a

s at

the

dat

e of

the

off

er a

re e

ntitl

ed t

o re

ceiv

e no

tices

from

the

Com

pany

of g

ener

al m

eetin

gs in

pro

porti

on, a

s ne

arly

as

the

circ

umst

ance

s ad

mit,

to th

e am

ount

of t

he e

xist

ing

shar

es to

whi

ch th

ey a

re e

ntitl

ed.

(ii)

The

Off

er s

hall

be m

ade

by n

otic

e sp

ecify

ing

the

num

ber o

f sha

res o

r sec

uriti

es o

ffer

ed a

nd li

miti

ng a

tim

e w

ithin

w

hich

the

offe

r, if

not a

ccep

ted,

will

be

deem

ed to

be

decl

ined

. (ii

i) A

fter

the

expi

ratio

n of

that

tim

e or

upo

n be

ing

notif

ied

by t

he p

erso

n to

who

m t

he o

ffer

is

mad

e th

at h

e de

clin

es t

o ac

cept

the

shar

es o

ffer

ed, t

he D

irect

ors

may

issu

e th

ose

shar

es

or s

ecur

ities

in s

uch

man

ner a

s th

ey th

ink

mos

t ben

efic

ial t

o th

e C

ompa

ny.

(iv)

The

Dire

ctor

s m

ay l

ikew

ise

so d

ispo

se o

f an

y ne

w

shar

es o

r se

curit

ies

whi

ch (

by r

easo

n of

the

pro

porti

on w

hich

th

e ne

w s

hare

s be

ar t

o sh

ares

or

secu

ritie

s he

ld b

y th

e pe

rson

en

title

d to

an

offe

r of

new

sha

res

or s

ecur

ities

) ca

nnot

, in

the

opin

ion

of t

he D

irect

ors,

be c

onve

nien

tly o

ffer

ed u

nder

the

se

Arti

cles

Rul

es.

(v)(

d)

Wai

ver f

rom

the

Exch

ange

N

otw

ithst

andi

ng t

he a

bove

, th

e C

ompa

ny m

ay a

pply

to

the

Exch

ange

or a

ny o

ther

sto

ck e

xcha

nge

on w

hich

the

Com

pany

’s

shar

es a

re l

iste

d to

wai

ve t

he c

onve

ning

of

an E

xtra

ordi

nary

Page 69: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

64 65

61

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Extra

ordi

nary

G

ener

al

Mee

ting

to

obta

in

shar

ehol

ders

’ ap

prov

al f

or f

urth

er i

ssue

s of

sha

res

(oth

er t

han

bonu

s or

rig

hts

issu

es)

whe

re t

he a

ggre

gate

iss

ues

of w

hich

in

any

one

finan

cial

yea

r do

not

exc

eed

ten

(10)

per

cent

of

the

issu

ed c

apita

l.

Gen

eral

Mee

ting

to o

btai

n sh

areh

olde

rs’

appr

oval

for

fur

ther

is

sues

of

shar

es (

othe

r th

an b

onus

or

right

s is

sues

) w

here

the

ag

greg

ate

issu

es o

f w

hich

in

any

one

finan

cial

yea

r do

not

ex

ceed

ten

per c

ent (

10%

) of t

he is

sued

cap

ital.

38.

Com

pany

may

alte

r its

cap

ital i

n ce

rtain

way

s (a

) Th

e C

ompa

ny m

ay b

y O

rdin

ary

Res

olut

ion:

- (i)

C

onso

lidat

e an

d di

vide

all

or a

ny o

f its

shar

e ca

pita

l in

to sh

ares

of s

mal

ler a

mou

nt th

an it

s exi

stin

g sh

ares

; or

(ii)

Can

cel s

hare

s th

at a

t the

dat

e of

the

pass

ing

of th

e re

solu

tion,

hav

e no

t bee

n ta

ken

or a

gree

d to

be

take

n by

any

pe

rson

or h

ave

been

forf

eite

d an

d re

duce

the

amou

nt o

f the

sh

ares

so c

ance

lled;

or

(iii)

Sub-

divi

de it

s sh

ares

, or a

ny o

f the

m, i

nto

shar

es o

f sm

alle

r am

ount

tha

n is

fix

ed b

y th

e M

emor

andu

m s

o ho

wev

er th

at in

the

sub-

divi

sion

the

prop

ortio

n be

twee

n th

e am

ount

pai

d an

d th

e am

ount

(if

any)

unp

aid

on e

ach

redu

ced

shar

e sh

all b

e th

e sa

me

as it

was

in th

e ca

se o

f the

sh

are

from

whi

ch th

e re

duce

d sh

ares

is d

eriv

ed.

43.

Com

pany

may

alte

r its

cap

ital i

n ce

rtain

way

s (a

) Su

bjec

t to

the

pro

visio

ns o

f th

e A

ct a

nd t

he L

istin

g R

equi

rem

ents

, th

e C

ompa

ny m

ay b

y O

rdin

ary

Res

olut

ion

Spec

ial R

esol

utio

n:-

(i)(a

) C

onso

lidat

e an

d di

vide

all

or a

ny o

f its

shar

e ca

pita

l int

o sh

ares

of

sm

alle

r am

ount

th

an

its

exis

ting

shar

es,

the

prop

ortio

n be

twee

n th

e am

ount

pai

d an

d th

e am

ount

, if a

ny,

unpa

id o

n ea

ch s

ubdi

vide

d sh

are

shal

l be

the

sam

e as

it w

as

in t

he c

ase

of t

he s

hare

fro

m w

hich

the

sub

divi

ded

shar

e is

deri

ved;

or

(ii)(

b)

Can

cel

shar

es t

hat

at t

he d

ate

of t

he p

assi

ng o

f th

e re

solu

tion,

hav

e no

t be

en t

aken

or

agre

ed t

o be

tak

en b

y an

y pe

rson

or

have

bee

n fo

rfei

ted

and

redu

ce t

he a

mou

nt o

f th

e sh

ares

so c

ance

lled;

or

(iii)(

c)

Sub-

divi

de i

ts s

hare

s, or

any

of

them

, in

to s

hare

s of

sm

alle

r am

ount

, tha

n is

fix

ed b

y th

e M

emor

andu

m s

o ho

wev

er

that

in th

e su

b-di

visi

on th

e pr

opor

tion

betw

een

the

amou

nt p

aid

and

the

amou

nt (

if an

y) u

npai

d on

eac

h re

duce

d sh

are

shal

l be

the

sam

e as

it

was

in

the

case

of

the

shar

e fr

om w

hich

the

re

duce

d sh

ares

is d

eriv

ed. w

hate

ver

is in

the

sub

divi

sion

, the

pr

opor

tion

betw

een

the

amou

nt p

aid

and

the

amou

nt, i

f any

, un

paid

on

each

sub

divi

ded

shar

e sh

all b

e th

e sa

me

as it

was

Page 70: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

66

62

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

in t

he c

ase

of t

he s

hare

fro

m w

hich

the

sub

divi

ded

shar

e is

deri

ved.

39

. Th

e C

ompa

ny m

ay b

y Sp

ecia

l Res

olut

ion

redu

ce it

s sh

are

capi

tal

and

any

capi

tal

rede

mpt

ion

rese

rve

fund

in

any

man

ner a

utho

rized

and

sub

ject

to a

ny c

ondi

tions

pre

scrib

ed

by th

e A

ct.

44.

The

Com

pany

may

by

Spec

ial

Res

olut

ion

redu

ce i

ts s

hare

ca

pita

l and

any

cap

ital r

edem

ptio

n re

serv

e fu

nd in

any

man

ner

auth

oriz

ed a

nd su

bjec

t to

any

cond

ition

s pre

scrib

ed b

y th

e A

ct.

CO

NV

ER

SIO

NS

OF

SHA

RE

S IN

TO S

TOC

K

39A

(a

) C

onve

rsio

n of

shar

es in

to st

ock

and

re-c

onve

rsio

n Th

e C

ompa

ny m

ay, b

y re

solu

tion,

con

vert

all o

r an

y of

its

paid

up

shar

es in

to s

tock

and

re-c

onve

rt an

y st

ock

into

pai

d up

shar

es o

f any

nom

inal

val

ue.

(b)

Tran

sfer

of s

tock

(i)

Su

bjec

t to

sub

- arti

cle

(ii),

whe

re s

hare

s ha

ve b

een

conv

erte

d in

to

stoc

k,

the

prov

isio

ns

of

thes

e A

rticl

es

rela

ting

to t

he t

rans

fer

of s

hare

s ap

ply,

so

far

as t

hey

are

capa

ble

of a

pplic

atio

n, to

the

trans

fer o

f the

sto

ck o

r of a

ny

part

of th

e st

ock.

(ii

) Th

e D

irect

ors

may

fix

the

min

imum

am

ount

of

stoc

k tra

nsfe

rabl

e an

d re

stric

t or

for

bid

the

trans

fer

of

frac

tions

of

the

min

imum

, bu

t th

e m

inim

um s

hall

not

exce

ed t

he a

ggre

gate

of

the

nom

inal

val

ues

of t

he s

hare

s fr

om w

hich

the

stoc

k ar

ose.

(c

) Pa

rtici

patio

n in

div

iden

ds a

nd p

rofit

s (i)

Th

e ho

lder

s of

sto

ck h

ave,

acc

ordi

ng to

the

amou

nt

of t

he s

tock

hel

d by

the

m, t

he s

ame

right

s pr

ivile

ges

and

adva

ntag

es a

s re

gard

s di

vide

nds,

votin

g at

mee

tings

of

the

45.

(a)

Con

vers

ion

of sh

ares

into

stoc

k an

d re

-con

vers

ion

The

Com

pany

may

, by

reso

lutio

n, c

onve

rt al

l or a

ny o

f its

pai

d up

shar

es in

to st

ock

and

re-c

onve

rt an

y st

ock

into

pai

d up

shar

es

of a

ny n

omin

al v

alue

num

ber.

(b

) Tr

ansf

er o

f sto

ck

(i)

Subj

ect

to s

ub-a

rticl

e su

b-ru

le (

ii), w

here

sha

res

have

be

en c

onve

rted

into

sto

ck, t

he p

rovi

sion

s of

thes

e A

rticl

es t

his

Con

stitu

tion

rela

ting

to t

he t

rans

fer

of s

hare

s ap

ply,

so

far

as

they

are

cap

able

of a

pplic

atio

n, to

the

trans

fer o

f the

sto

ck o

r of

any

part

of th

e st

ock.

(ii

) Th

e D

irect

ors

may

fix

the

min

imum

am

ount

of

stoc

k tra

nsfe

rabl

e an

d re

stric

t or f

orbi

d th

e tra

nsfe

r of f

ract

ions

of t

he

min

imum

. but

the

min

imum

sha

ll no

t ex

ceed

the

agg

rega

te o

f th

e no

min

al v

alue

s of t

he sh

ares

from

whi

ch th

e st

ock

aros

e.

(c)

Parti

cipa

tion

in d

ivid

ends

and

pro

fits

(i)

The

hold

ers

of s

tock

hav

e, a

ccor

ding

to th

e am

ount

of

the

stoc

k he

ld

by

them

, th

e sa

me

right

s pr

ivile

ges

and

adva

ntag

es a

s re

gard

s di

vide

nds,

votin

g at

mee

tings

of

the

Page 71: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

66 67

63

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Com

pany

and

oth

er m

atte

rs a

s th

ey w

ould

hav

e if

they

hel

d th

e sh

ares

from

whi

ch th

e st

ock

aros

e.

(ii)

No

such

pr

ivile

ge

or

adva

ntag

e (e

xcep

t pa

rtici

patio

n in

the

div

iden

ds a

nd p

rofit

s of

the

Com

pany

an

d in

the

prop

erty

of t

he C

ompa

ny o

n w

indi

ng u

p) sh

all b

e co

nfer

red

by a

ny a

mou

nt o

f sto

ck th

at w

ould

not

, if e

xist

ing

in sh

ares

, hav

e co

nfer

red

that

priv

ilege

or a

dvan

tage

. (d

) Pr

ovis

ions

app

licab

le to

shar

es sh

all a

pply

to st

ock

The

prov

isio

ns o

f th

ese

Arti

cles

that

are

app

licab

le to

pai

d up

sha

res

appl

y to

sto

ck a

nd r

efer

ence

s in

thos

e pr

ovis

ions

to

sh

ares

an

d sh

areh

olde

r sh

all

be

read

as

in

clud

ing

refe

renc

es to

stoc

k an

d st

ockh

olde

r, re

spec

tivel

y.

Com

pany

and

oth

er m

atte

rs a

s th

ey w

ould

hav

e if

they

hel

d th

e sh

ares

from

whi

ch th

e st

ock

aros

e.

(ii)

No

such

priv

ilege

or

adva

ntag

e (e

xcep

t par

ticip

atio

n in

th

e di

vide

nds

and

prof

its o

f the

Com

pany

and

in th

e pr

oper

ty o

f th

e C

ompa

ny o

n w

indi

ng u

p) s

hall

be c

onfe

rred

by

any

amou

nt

of st

ock

that

wou

ld n

ot, i

f exi

stin

g in

shar

es, h

ave

conf

erre

d th

at

priv

ilege

or a

dvan

tage

. (d

) Pr

ovis

ions

app

licab

le to

shar

es sh

all a

pply

to st

ock

The

prov

isio

ns o

f th

ese

Arti

cles

thi

s C

onst

itutio

n th

at a

re

appl

icab

le t

o pa

id u

p sh

ares

app

ly t

o st

ock

and

refe

renc

es i

n th

ose

prov

isio

ns t

o sh

ares

and

sha

reho

lder

sha

ll be

rea

d as

in

clud

ing

refe

renc

es to

stoc

k an

d st

ockh

olde

r, re

spec

tivel

y.

FI

NA

NC

IAL

ASS

IST

AN

CE

[New

Rul

e]

46.

Fina

ncia

l Ass

ista

nce

(1)

Unl

ess o

ther

wise

pro

vide

d in

the

Act

, the

Com

pany

shal

l no

t –

(a)

give

an

y fin

anci

al

assis

tanc

e,

whe

ther

di

rect

ly

or

indi

rect

ly a

nd w

heth

er b

y m

eans

of a

loan

, gua

rant

ee o

r pr

ovisi

on o

f sec

urity

or

othe

rwise

, for

the

purp

ose

of o

r in

con

nect

ion

with

a p

urch

ase

or s

ubsc

ript

ion

mad

e or

to

be

mad

e by

any

per

son

for

any

shar

es i

n th

e C

ompa

ny o

r an

y sh

ares

in th

e ho

ldin

g co

mpa

ny, i

f any

, of

the

Com

pany

; (b

) in

any

way

dea

l in

or le

nd m

oney

on

its o

wn

shar

es; o

r (c

) gi

ve f

inan

cial

ass

ista

nce,

dir

ectly

or

indi

rect

ly f

or t

he

Page 72: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

68

64

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

purp

ose

of r

educ

ing

or d

isch

argi

ng t

he l

iabi

lity,

if

a pe

rson

has

acq

uire

d sh

ares

in

the

Com

pany

or

its

hold

ing

com

pany

, if

any,

and

the

lia

bilit

y ha

s be

en

incu

rred

by

an

y pe

rson

fo

r th

e pu

rpos

e of

th

e ac

quisi

tion

of th

e sh

ares

. (2

) T

he

Com

pany

m

ust

com

ply

with

th

e re

leva

nt

requ

irem

ents

of

the

Act

if i

t pr

opos

es t

o gi

ve f

inan

cial

as

sist

ance

or

purc

hase

or

deal

in

or l

end

mon

ey o

n its

ow

n sh

ares

in a

ny m

anne

r w

hich

is p

erm

itted

und

er th

e A

ct.

GE

NE

RA

L M

EET

ING

S 40

. G

ener

al M

eetin

gs

An

annu

al g

ener

al m

eetin

g of

the

Com

pany

sha

ll be

hel

d in

ac

cord

ance

with

the

pro

visi

ons

of t

he A

ct.

All

gene

ral

mee

tings

oth

er t

han

the

annu

al g

ener

al m

eetin

gs s

hall

be

calle

d ex

traor

dina

ry g

ener

al m

eetin

gs.

47.

No

amen

dmen

ts re

quire

d.

40A

(a

) D

irect

ors m

ay c

onve

ne g

ener

al m

eetin

g Th

e D

irect

or m

ay,

whe

neve

r th

ey t

hink

fit,

con

vene

an

extra

ordi

nary

gen

eral

mee

ting,

and

the

Dire

ctor

s sh

all,

on

the

requ

isiti

on o

f m

embe

rs i

n ac

cord

ance

with

the

Act

, fo

rthw

ith p

roce

ed t

o co

nven

e an

ext

raor

dina

ry g

ener

al

mee

ting.

(b

) B

usin

ess a

t req

uisi

tione

d m

eetin

g In

the

cas

e of

an

extra

ordi

nary

gen

eral

mee

ting

calle

d in

pu

rsua

nce

of a

requ

isiti

on n

o bu

sine

ss o

ther

than

that

stat

ed

in t

he r

equi

sitio

n as

the

obj

ects

of

the

mee

ting

shal

l be

48.

(a)

Dire

ctor

s may

con

vene

gen

eral

mee

ting

The

Dire

ctor

m

ay,

whe

neve

r th

ey

thin

k fit

, co

nven

e an

ex

traor

dina

ry g

ener

al m

eetin

g, a

nd t

he D

irect

ors

shal

l, on

the

re

quis

ition

of

mem

bers

in

acco

rdan

ce w

ith t

he A

ct, f

orth

with

pr

ocee

d to

con

vene

an

extra

ordi

nary

gen

eral

mee

ting.

(b

) B

usin

ess a

t req

uisi

tione

d m

eetin

g In

the

cas

e of

an

extra

ordi

nary

gen

eral

mee

ting

calle

d in

pu

rsua

nce

of a

req

uisi

tion

no b

usin

ess

othe

r th

an th

at s

tate

d in

th

e re

quis

ition

as t

he o

bjec

ts o

f the

mee

ting

shal

l be

trans

acte

d.

Page 73: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

68 69

65

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

trans

acte

d.

(a)

Con

veni

ng a

gen

eral

mee

ting

A m

eetin

g of

Mem

bers

may

be

conv

ened

by—

(i)

the

Boa

rd; o

r (ii

) an

y M

embe

r ho

ldin

g at

leas

t te

n pe

r ce

nt (

10%

) of

the

is

sued

shar

e ca

pita

l of t

he C

ompa

ny.

(b)

Con

veni

ng g

ener

al m

eetin

g by

req

uisit

ion

(i) T

he D

irec

tors

sha

ll ca

ll a

mee

ting

of M

embe

rs o

nce

they

re

ceiv

e a

requ

isitio

n to

do

so fr

om M

embe

rs r

epre

sent

ing

at

leas

t te

n pe

r ce

nt (

10%

) of

the

pai

d up

cap

ital

of t

he

Com

pany

ca

rryi

ng

the

righ

t of

vo

ting

at

mee

tings

of

M

embe

rs o

f the

Com

pany

.

(ii) T

he r

equi

sitio

n re

ferr

ed to

in (i

) –

(a

a) sh

all b

e in

har

d co

py o

r el

ectr

onic

form

; (b

b) s

hall

stat

e th

e ge

nera

l nat

ure

of t

he b

usin

ess

to b

e de

alt w

ith a

t the

mee

ting;

(c

c) m

ay i

nclu

de t

he t

ext

of a

res

olut

ion

that

may

pr

oper

ly b

e m

oved

and

is in

tend

ed t

o be

mov

ed a

t th

e m

eetin

g; a

nd

(dd)

sha

ll be

sig

ned

or a

uthe

ntic

ated

by

the

pers

on

mak

ing

the

requ

isitio

n.

(iii)

For

the

purp

oses

of t

his R

ule,

the

righ

t of v

otin

g sh

all b

e de

term

ined

as

at 5

.00

p.m

. on

the

dat

e th

e re

quis

ition

is

Page 74: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

70

66

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

depo

sited

with

the

Com

pany

.

(iv) T

he D

irec

tors

shal

l –

(a

a) c

all f

or t

he m

eetin

g w

ithin

fou

rtee

n (1

4) d

ays

from

th

e da

te o

f the

req

uisi

tion

or n

otic

e un

der

this

Rul

e,

as th

e ca

se m

ay b

e; a

nd

(bb)

hol

d th

e m

eetin

g on

a d

ate

whi

ch is

not

mor

e th

an

twen

ty e

ight

(28)

day

s af

ter

the

date

of t

he n

otic

e to

co

nven

e th

e m

eetin

g.

(v

) If

the

req

uest

s re

ceiv

ed b

y th

e C

ompa

ny i

dent

ify a

re

solu

tion

inte

nded

to

be m

oved

at

the

mee

ting,

the

not

ice

shal

l inc

lude

the

text

of t

he r

esol

utio

n.

(vi)

If th

e D

irec

tors

do

not c

onve

ne a

mee

ting

in a

ccor

danc

e w

ith t

his

Rul

e, t

he M

embe

rs w

ho r

equi

sitio

ned

the

mee

ting

or a

ny n

umbe

r of

Mem

bers

rep

rese

ntin

g m

ore

than

one

hal

f (1

/2)

of t

he t

otal

vot

ing

righ

ts o

f al

l of

the

Mem

bers

who

re

quisi

tione

d, m

ay c

all

for

a m

eetin

g of

Mem

bers

. T

he

mee

ting

shal

l be

con

vene

d by

the

Mem

bers

on

a da

te n

ot

mor

e th

an t

hree

(3)

mon

ths

afte

r th

e da

te o

n w

hich

the

D

irec

tors

rec

eive

d a

requ

isiti

on u

nder

this

Rul

e to

cal

l for

a

mee

ting

of M

embe

rs.

(vii)

Any

rea

sona

ble

expe

nses

inc

urre

d by

the

Mem

bers

re

quisi

tioni

ng t

he m

eetin

g by

rea

son

of t

he f

ailu

re o

f th

e D

irec

tors

to

call

a m

eetin

g sh

all

be r

eim

burs

ed b

y th

e C

ompa

ny.

Page 75: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

70 71

67

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

41.

(a)

Not

ices

of M

eetin

gs

The

notic

es c

onve

ning

mee

tings

sha

ll sp

ecify

the

plac

e, d

ay

and

hour

of

th

e m

eetin

g,

and

shal

l be

gi

ven

to

all

shar

ehol

ders

at l

east

14

days

bef

ore

the

mee

ting

or a

t lea

st 21

day

s bef

ore

the

mee

ting

w

here

an

y sp

ecia

l re

solu

tion

is to

be

prop

osed

or w

here

it is

an

annu

al g

ener

al

mee

ting.

Any

not

ice

of a

mee

ting

calle

d to

con

side

r spe

cial

bu

sine

ss s

hall

be a

ccom

pani

ed b

y a

stat

emen

t reg

ardi

ng th

e ef

fect

of a

ny p

ropo

sed

reso

lutio

n in

resp

ect o

f suc

h sp

ecia

l bu

sine

ss. A

t lea

st 1

4 da

ys’ n

otic

e or

21

days

’ no

tice

in th

e ca

se w

here

any

spe

cial

reso

lutio

n is

pro

pose

d or

whe

re it

is

the

annu

al g

ener

al m

eetin

g, o

f eve

ry s

uch

mee

ting

shal

l be

give

n by

adv

ertis

emen

t in

the

daily

pre

ss a

nd in

writ

ing

to

each

stoc

k ex

chan

ge u

pon

whi

ch th

e C

ompa

ny is

list

ed.

(b)

Ever

y no

tice

calli

ng a

n an

nual

or

extra

ordi

nary

ge

nera

l mee

ting

shal

l be

serv

ed in

the

man

ner

as p

rovi

ded

for i

n th

ese

Arti

cles

.

49.

(a)

Not

ices

of M

eetin

gs

The

notic

es c

onve

ning

mee

tings

sha

ll sp

ecify

the

plac

e, d

ay a

nd

hour

of

the

mee

ting,

and

sha

ll be

giv

en t

o al

l sh

areh

olde

rs a

t le

ast 1

4 da

ys b

efor

e th

e m

eetin

g or

at l

east

21

days

bef

ore

the

mee

ting

w

here

any

spe

cial

res

olut

ion

is t

o be

pro

pose

d or

whe

re i

t is

an

annu

al g

ener

al m

eetin

g. A

ny n

otic

e of

a

mee

ting

calle

d to

co

nsid

er

spec

ial

busi

ness

sh

all

be

acco

mpa

nied

by

a

stat

emen

t re

gard

ing

the

effe

ct

of

any

prop

osed

reso

lutio

n in

resp

ect o

f suc

h sp

ecia

l bus

ines

s. A

t lea

st 14

day

s’ n

otic

e or

21

days

’ not

ice

in th

e ca

se w

here

any

spe

cial

re

solu

tion

is p

ropo

sed

or w

here

it is

the

annu

al g

ener

al m

eetin

g,

of e

very

suc

h m

eetin

g sh

all

be g

iven

by

adve

rtise

men

t in

the

da

ily p

ress

and

in w

ritin

g to

eac

h st

ock

exch

ange

upo

n w

hich

th

e C

ompa

ny is

list

ed.

(b)

Ever

y no

tice

calli

ng a

n an

nual

or

extra

ordi

nary

gen

eral

m

eetin

g sh

all b

e se

rved

in th

e m

anne

r as

pro

vide

d fo

r in

thes

e A

rticl

es.

The

not

ices

con

veni

ng m

eetin

gs sh

all:-

(i)

be

in w

ritin

g an

d sh

all b

e gi

ven

to th

e M

embe

rs e

ither

in

hard

cop

y, o

r in

ele

ctro

nic

form

, or

part

ly in

har

d co

py a

nd

part

ly in

ele

ctro

nic

form

; (ii

) spe

cify

the

plac

e, d

ay a

nd h

our

of th

e m

eetin

g; a

nd

(iii)

be

at l

east

14

days

’ no

tice

befo

re o

r 21

day

s’ n

otic

e be

fore

in t

he c

ase

whe

re a

ny s

peci

al r

esol

utio

n is

prop

osed

or

whe

re i

t is

the

ann

ual

gene

ral

mee

ting,

of

ever

y su

ch

mee

ting

mus

t be

giv

en b

y ad

vert

isem

ent

in a

t le

ast

1 na

tiona

lly

circ

ulat

ed B

ahas

a M

alay

sia

or

Eng

lish

daily

Page 76: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

72

68

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(c)

Om

issi

ons o

f not

ice

The

acci

dent

al o

mis

sion

to g

ive

notic

e of

any

mee

ting

to o

r th

e no

n-re

ceip

t of

any

such

not

ice

by a

ny o

f th

e m

embe

rs

shal

l no

t in

valid

ate

any

reso

lutio

n pa

ssed

at

any

such

m

eetin

g.

(d)

Not

ice

of sp

ecia

l or o

rdin

ary

reso

lutio

n Th

e no

tice

conv

enin

g a

mee

ting

to c

onsi

der

a sp

ecia

l or

or

dina

ry re

solu

tion

shal

l spe

cify

the

inte

ntio

n to

pro

pose

the

reso

lutio

n as

a s

peci

al o

r or

dina

ry r

esol

utio

n, a

s th

e ca

se

may

be.

(e

) M

embe

rs ri

ght t

o ap

poin

t pro

xy

In e

very

not

ice

calli

ng a

mee

ting

ther

e sh

all

appe

ar w

ith

reas

onab

le p

rom

inen

ce a

sta

tem

ent

that

a m

embe

r en

title

d to

atte

nd a

nd v

ote

is e

ntitl

ed t

o ap

poin

t a

prox

y to

atte

nd

and

vote

inst

ead

of h

im.

(f)

Rec

ord

of D

epos

itors

(i)

Th

e C

ompa

ny

shal

l re

ques

t th

e D

epos

itory

in

ac

cord

ance

with

the

Rul

es o

f th

e D

epos

itory

, to

iss

ue a

R

ecor

d of

Dep

osito

rs to

who

m n

otic

es o

f gen

eral

mee

tings

new

spap

er a

nd i

n w

ritin

g to

eac

h st

ock

exch

ange

upo

n w

hich

the

com

pany

is li

sted

. (b

) The

not

ice

of a

mee

ting

of M

embe

rs m

ay in

clud

e th

e te

xt

of a

ny p

ropo

sed

reso

lutio

n an

d ot

her

info

rmat

ion

as t

he

Dir

ecto

rs d

eem

fit.

(c)

Om

issi

ons o

f not

ice

The

acci

dent

al o

mis

sion

to g

ive

notic

e of

any

mee

ting

to o

r the

no

n-re

ceip

t of a

ny s

uch

notic

e by

any

of t

he M

embe

rs s

hall

not

inva

lidat

e an

y re

solu

tion

pass

ed a

t any

such

mee

ting.

(d

) N

otic

e of

spec

ial o

r ord

inar

y re

solu

tion

The

notic

e co

nven

ing

a m

eetin

g to

con

side

r a

spec

ial

or

ordi

nary

res

olut

ion

shal

l sp

ecify

the

int

entio

n to

pro

pose

the

re

solu

tion

as a

spe

cial

or

ordi

nary

res

olut

ion,

as

the

case

may

be

. (e

) M

embe

rs ri

ght t

o ap

poin

t pro

xy

In e

very

not

ice

calli

ng a

mee

ting

ther

e sh

all

appe

ar w

ith

reas

onab

le p

rom

inen

ce a

sta

tem

ent

that

a M

embe

r en

title

d to

at

tend

and

vot

e is

ent

itled

to a

ppoi

nt a

pro

xy to

atte

nd a

nd v

ote

inst

ead

of h

im.

(f)

Rec

ord

of D

epos

itors

(i)

Th

e C

ompa

ny

shal

l re

ques

t th

e D

epos

itory

in

ac

cord

ance

with

the

Rul

es o

f th

e D

epos

itory

, to

issu

e a

Rec

ord

of D

epos

itors

to

who

m n

otic

es o

f ge

nera

l m

eetin

gs s

hall

be

Page 77: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

72 73

69

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

shal

l be

give

n by

the

Com

pany

. (ii

) Th

e C

ompa

ny

shal

l re

ques

t th

e D

epos

itory

in

ac

cord

ance

with

the

Rul

es o

f th

e D

epos

itory

, to

iss

ue a

R

ecor

d of

D

epos

itors

, as

at

th

e la

test

da

te

whi

ch

is

reas

onab

ly p

ract

icab

le w

hich

sha

ll in

any

eve

nt b

e no

t les

s th

an 3

mar

ket d

ays

befo

re th

e ge

nera

l mee

ting

(her

eina

fter

refe

rred

to a

s “th

e G

ener

al M

eetin

g R

ecor

d of

Dep

osito

rs”)

. (ii

i) Su

bjec

t to

th

e Se

curit

ies

Indu

stry

(C

entra

l D

epos

itorie

s)

(For

eign

O

wne

rshi

p)

Reg

ulat

ions

19

96

(whe

re a

pplic

able

), a

depo

sito

r sh

all

not

be r

egar

ded

as a

m

embe

r ent

itled

to a

ttend

any

gen

eral

mee

ting

and

to s

peak

an

d vo

te t

here

at u

nles

s hi

s na

me

appe

ars

in t

he G

ener

al

Mee

ting

Rec

ord

of D

epos

itors

.

give

n by

the

Com

pany

. (ii

) Th

e C

ompa

ny

shal

l re

ques

t th

e D

epos

itory

in

ac

cord

ance

with

the

Rul

es o

f th

e D

epos

itory

, to

issu

e a

Rec

ord

of

Dep

osito

rs,

as

at

the

late

st

date

w

hich

is

re

ason

ably

pr

actic

able

whi

ch s

hall

in a

ny e

vent

be

not l

ess

than

3 m

arke

t da

ys b

efor

e th

e ge

nera

l mee

ting

(her

eina

fter

refe

rred

to a

s “t

he

Gen

eral

Mee

ting

Rec

ord

of D

epos

itors

”).

(iii)

Subj

ect t

o th

e Se

curit

ies

Indu

stry

(Cen

tral D

epos

itorie

s)

(For

eign

Ow

ners

hip)

Reg

ulat

ions

199

6 (w

here

app

licab

le),

a de

posi

tor

shal

l not

be

rega

rded

as

a M

embe

r en

title

d to

atte

nd

any

gene

ral

mee

ting

and

to s

peak

and

vot

e th

erea

t un

less

his

na

me

appe

ars i

n th

e G

ener

al M

eetin

g R

ecor

d of

Dep

osito

rs.

(g) M

anne

r in

whi

ch n

otic

e of

mee

tings

to b

e gi

ven

(i) N

otic

e of

a m

eetin

g of

Mem

bers

(a

a) g

iven

in

hard

cop

y sh

all

be s

ent

to a

ny M

embe

r ei

ther

per

sona

lly o

r by

pos

t to

the

addr

ess

supp

lied

by t

he M

embe

r to

the

Com

pany

for

suc

h pu

rpos

e;

or

(bb)

give

n in

ele

ctro

nic

form

sha

ll be

tra

nsm

itted

to

the

elec

tron

ic a

ddre

ss p

rovi

ded

by t

he M

embe

r to

the

C

ompa

ny f

or s

uch

purp

ose

or b

y pu

blish

ing

on a

w

ebsit

e.

(ii

) W

here

not

ice

of a

mee

ting

of M

embe

rs is

giv

en b

y th

e C

ompa

ny b

y pu

blis

hing

on

a w

ebsit

e, t

he C

ompa

ny m

ust

notif

y th

e M

embe

rs o

f th

e pu

blic

atio

n of

the

not

ice

on t

he

web

site

toge

ther

with

the

desi

gnat

ed w

ebsi

te li

nk o

r ad

dres

s

Page 78: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

74

70

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

whe

re a

cop

y of

the

not

ice

may

be

dow

nloa

ded,

and

suc

h no

tific

atio

n sh

all b

e in

wri

ting

and

be g

iven

in h

ard

copy

or

elec

tron

ic fo

rm st

atin

g –

(a

a) th

at it

con

cern

s a m

eetin

g of

Mem

bers

; and

(b

b) th

e pl

ace,

dat

e an

d tim

e of

the

mee

ting.

(iii)

The

not

ice

shal

l be

mad

e av

aila

ble

on th

e w

ebsi

te f

rom

th

e da

te t

hat

notic

e is

give

n un

der

this

Rul

e un

til t

he

conc

lusi

on o

f the

mee

ting.

(h

) T

he c

onta

ct d

etai

ls o

f th

e M

embe

r as

pro

vide

d to

the

D

epos

itory

sha

ll be

dee

med

as

the

last

kno

wn

addr

ess

prov

ided

by

the

Mem

ber

to t

he C

ompa

ny f

or p

urpo

ses

of

com

mun

icat

ion

with

the

Mem

ber.

42.

Bus

ines

s of G

ener

al M

eetin

gs

All

busi

ness

sh

all

be s

peci

al t

hat

is t

rans

acte

d at

an

ex

traor

dina

ry g

ener

al m

eetin

g, a

nd a

lso

all t

hat i

s tra

nsac

ted

at

an

annu

al

gene

ral

mee

ting,

w

ith

the

exce

ptio

n of

de

clar

ing

a di

vide

nd,

the

cons

ider

atio

n of

the

acc

ount

s, ba

lanc

e-sh

eets

, and

the

repo

rt of

the

Dire

ctor

s an

d au

dito

rs,

the

elec

tion

of D

irect

ors,

in th

e pl

aces

of t

hose

retir

ing,

and

th

e ap

poin

tmen

t and

fixi

ng o

f the

aud

itors

.

- To

be

dele

ted.

[N

ew R

ule]

50

. Sp

ecia

l Res

olut

ion

(a) I

f the

res

olut

ion

is to

be

prop

osed

as

a sp

ecia

l res

olut

ion,

th

e D

irec

tor

shal

l be

cons

ider

ed a

s not

hav

ing

duly

cal

led

for

the

mee

ting

if th

e no

tice

of t

he r

esol

utio

n is

not

give

n in

ac

cord

ance

with

Sec

tion

292

of th

e A

ct.

Page 79: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

74 75

71

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(b)

Whe

re s

peci

al n

otic

e is

req

uire

d of

a r

esol

utio

n un

der

the

Act

, the

res

olut

ion

shal

l not

be

effe

ctiv

e un

less

not

ice

of

inte

ntio

n to

mov

e su

ch r

esol

utio

n is

giv

en to

the

Com

pany

at

leas

t tw

enty

eig

ht (2

8) d

ays

befo

re th

e m

eetin

g at

whi

ch it

is

to b

e m

oved

. W

here

pra

ctic

able

, the

Com

pany

sha

ll gi

ve it

s M

embe

rs n

otic

e of

any

suc

h re

solu

tion

in th

e sa

me

man

ner

and

at t

he s

ame

time

as i

t gi

ves

notic

e of

the

mee

ting.

W

here

it is

not

pra

ctic

able

to d

o so

, the

Com

pany

sha

ll gi

ve

notic

e of

the

reso

lutio

n to

the

Mem

bers

at l

east

four

teen

(14)

da

ys b

efor

e th

e m

eetin

g by

send

ing

it –

(i) p

erso

nally

or

by p

ost

to t

he a

ddre

ss p

rovi

ded

by t

he

Mem

ber

to th

e C

ompa

ny fo

r su

ch p

urpo

se; o

r

(ii)

in e

lect

roni

c fo

rm t

o th

e el

ectr

onic

add

ress

pro

vide

d by

th

e M

embe

r to

the

Com

pany

for

such

pur

pose

. (c

) Fo

r th

e pu

rpos

es o

f th

is R

ule,

the

con

tact

det

ails

of t

he

mem

ber

as p

rovi

ded

to t

he D

epos

itory

sha

ll be

dee

med

as

the

last

kno

wn

addr

ess

prov

ided

by

the

mem

ber

to t

he

Com

pany

for

purp

oses

of c

omm

unic

atio

n w

ith th

e m

embe

r.

43

. R

esol

utio

n si

gned

by

all m

embe

rs a

s ef

fect

ive

as if

pas

sed

at G

ener

al M

eetin

g

Subj

ect t

o th

e pr

ovis

ions

of

the

Act

a r

esol

utio

n in

writ

ing

sign

ed b

y al

l the

mem

bers

for t

ime

bein

g en

title

d to

rece

ive

notic

e of

and

atte

nd a

nd v

ote

at g

ener

al m

eetin

gs (o

r be

ing

corp

orat

ions

by

thei

r du

ly a

utho

rized

rep

rese

ntat

ive)

sha

ll be

val

id a

nd e

ffec

tive

as if

the

sam

e ha

d be

en p

asse

d at

a

gene

ral m

eetin

g of

the

Com

pany

dul

y co

nven

ed a

nd h

eld,

an

d m

ay c

onsi

st o

f sev

eral

doc

umen

ts in

the

like

form

eac

h si

gned

by

one

or m

ore

mem

bers

.

- To

be

dele

ted.

Page 80: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

76

72

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

PRO

CE

ED

ING

S A

T G

EN

ER

AL

ME

ETIN

GS

44.

No

busi

ness

to b

e tra

nsac

ted

unle

ss q

uoru

m p

rese

nt

No

busi

ness

sha

ll be

tra

nsac

ted

at a

ny g

ener

al m

eetin

g un

less

a q

uoru

m o

f mem

bers

is p

rese

nt a

t the

tim

e w

hen

the

mee

ting

proc

eeds

to

busin

ess.

Save

as

here

in o

ther

wis

e pr

ovid

ed t

hree

(3)

mem

bers

pre

sent

in

pers

on s

hall

be a

qu

orum

. Fo

r th

e pu

rpos

es o

f th

is r

egul

atio

n a

‘mem

ber’

in

clud

es a

per

son

atte

ndin

g as

a p

roxy

or

repr

esen

ting

a co

rpor

atio

n w

hich

is a

mem

ber.

51.

No

amen

dmen

ts re

quire

d.

45.

If no

quo

rum

mee

ting

diss

olve

d or

adj

ourn

ed

If w

ithin

hal

f an

hou

r fro

m t

he t

ime

appo

inte

d fo

r th

e m

eetin

g a

quor

um is

not

pre

sent

, the

mee

ting,

if c

onve

ned

upon

the

requ

isiti

on o

f mem

bers

, sha

ll be

dis

solv

ed; i

n an

y ot

her

case

it

shal

l st

and

adjo

urne

d to

the

sam

e da

y in

the

ne

xt w

eek

at th

e sa

me

time

and

plac

e, o

r to

such

oth

er d

ay

and

at s

uch

othe

r tim

e an

d pl

ace

as t

he D

irect

ors

may

de

term

ine.

52.

No

amen

dmen

ts re

quire

d.

46.

Cha

irman

of B

oard

to p

resid

e at

all

mee

tings

Th

e ch

airm

an, i

f an

y, o

f th

e B

oard

of

Dire

ctor

s or

in

his

abse

nce

the

Dep

uty

Cha

irman

sha

ll pr

esid

e as

cha

irman

at

ever

y ge

nera

l m

eetin

g of

the

Com

pany

, or

if

ther

e is

no

such

Cha

irman

or D

eput

y C

hairm

an, o

r if h

e is

not

pre

sent

w

ithin

fift

een

min

utes

afte

r th

e tim

e ap

poin

ted

for

the

hold

ing

of th

e m

eetin

g or

is u

nwill

ing

to a

ct, t

he m

embe

rs

pres

ent s

hall

elec

t one

of

thei

r nu

mbe

rs to

be

chai

rman

of

the

mee

ting.

53.

Cha

irman

of B

oard

to p

resid

e at

all

mee

tings

Th

e ch

airm

an C

hair

man

, if a

ny, o

f the

Boa

rd o

f Dire

ctor

s or

in

his

abse

nce

the

Dep

uty

Cha

irman

sha

ll pr

esid

e as

cha

irman

ch

airp

erso

n at

eve

ry g

ener

al m

eetin

g of

the

Com

pany

, or

if

ther

e is

no

such

Cha

irman

or

Dep

uty

Cha

irman

, or

if he

is n

ot

pres

ent

with

in f

iftee

n m

inut

es a

fter

the

time

appo

inte

d fo

r th

e ho

ldin

g of

the

mee

ting

or i

s un

will

ing

to a

ct,

the

mem

bers

pr

esen

t sh

all

elec

t on

e of

th

eir

num

bers

to

be

ch

airm

an

chai

rper

son

of th

e m

eetin

g. A

pro

xy sh

all n

ot b

e el

igib

le to

be

elec

ted

as th

e ch

airp

erso

n of

the

mee

ting.

Page 81: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

76 77

73

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

47.

Not

ice

of a

djou

rned

mee

ting

Th

e ch

airm

an m

ay,

with

the

con

sent

of

any

mee

ting

at

whi

ch a

quo

rum

is p

rese

nt (

and

shal

l if

so d

irect

ed b

y th

e m

eetin

g), a

djou

rn th

e m

eetin

g fr

om ti

me

to ti

me

and

from

pl

ace

to p

lace

, bu

t no

bus

ines

s sh

all

be t

rans

acte

d at

any

ad

jour

ned

mee

ting

othe

r tha

n th

e bu

sine

ss le

ft un

finis

hed

at

the

mee

ting

from

whi

ch th

e ad

jour

nmen

t too

k pl

ace.

Whe

n a

mee

ting

is a

djou

rned

for t

hirty

day

s or

mor

e, n

otic

e of

the

adjo

urne

d m

eetin

g sh

all

be g

iven

as

in t

he c

ase

of a

n or

igin

al m

eetin

g. S

ave

as a

fore

said

it s

hall

not b

e ne

cess

ary

to g

ive

any

notic

e of

an

adjo

urnm

ent o

r of

the

busi

ness

to

be tr

ansa

cted

at a

n ad

jour

ned

mee

ting.

54.

Not

ice

of a

djou

rned

mee

ting

(a

) Th

e ch

airm

an c

hair

pers

on m

ay,

with

the

con

sent

of

any

mee

ting

at w

hich

a q

uoru

m is

pre

sent

(and

shal

l if s

o di

rect

ed b

y th

e m

eetin

g), a

djou

rn th

e m

eetin

g fr

om ti

me

to ti

me

and

from

pl

ace

to p

lace

, bu

t no

bus

ines

s sh

all

be t

rans

acte

d at

any

ad

jour

ned

mee

ting

othe

r tha

n th

e bu

sine

ss le

ft un

finish

ed a

t the

m

eetin

g fr

om w

hich

the

adj

ourn

men

t to

ok p

lace

. W

hen

a m

eetin

g is

adj

ourn

ed f

or t

hirty

day

s or

mor

e, n

otic

e of

the

ad

jour

ned

mee

ting

shal

l be

giv

en a

s in

the

case

of

an o

rigin

al

mee

ting.

Sav

e as

afo

resa

id it

sha

ll no

t be

nece

ssar

y to

giv

e an

y no

tice

of a

n ad

jour

nmen

t or

of th

e bu

sine

ss to

be

trans

acte

d at

an

adj

ourn

ed m

eetin

g.

(b) W

here

a r

esol

utio

n is

pas

sed

at a

n ad

jour

ned

mee

ting

of

the

Com

pany

or

of h

olde

rs o

f an

y cl

ass

of s

hare

s, th

e re

solu

tion

shal

l, fo

r al

l pur

pose

s, be

tre

ated

as

havi

ng b

een

pass

ed o

n th

e da

te o

n w

hich

it w

as in

fact

pas

sed.

48.

How

reso

lutio

n de

cide

d A

t any

gen

eral

mee

ting

a re

solu

tion

to p

ut to

the

vote

of t

he

mee

ting

shal

l be

deci

ded

on a

show

of h

ands

unl

ess a

pol

l is

(bef

ore

or o

n th

e de

clar

atio

n of

the

res

ult

of t

he s

how

of

hand

s) d

eman

ded:

- (a

) by

the

chai

rman

; (b

) by

at l

east

thre

e (3

) m

embe

rs p

rese

nt in

per

son

or

by p

roxy

; (c

) by

any

mem

ber o

r mem

bers

pre

sent

in p

erso

n or

by

55.

How

reso

lutio

n de

cide

d Su

bjec

t to

Rul

e 56

, at a

ny g

ener

al m

eetin

g a

reso

lutio

n to

put

to

the

vote

of

the

mee

ting

shal

l be

dec

ided

on

a sh

ow o

f ha

nds

unle

ss a

pol

l is

(bef

ore

or o

n th

e de

clar

atio

n of

the

resu

lt of

the

show

of h

ands

) dem

ande

d:-

(a)

by th

e ch

airm

an c

hair

pers

on;

(b)

by a

t le

ast

thre

e (3

) M

embe

rs p

rese

nt i

n pe

rson

or

by

prox

y;

(c)

by a

ny M

embe

r or

Mem

bers

pre

sent

in

pers

on o

r by

Page 82: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

78

74

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

prox

y an

d re

pres

entin

g no

t les

s th

an o

ne-te

nth

of th

e to

tal

votin

g rig

ht o

f al

l mem

bers

hav

ing

the

right

to v

ote

at th

e m

eetin

g; o

r (d

) by

m

embe

r or

mem

bers

hol

ding

sha

res

in t

he

Com

pany

con

ferr

ing

a rig

ht t

o vo

te a

t th

e m

eetin

g be

ing

shar

es o

n w

hich

an

aggr

egat

e su

m h

as b

een

paid

up

equa

l to

not l

ess t

han

one-

tent

h of

the

tota

l sum

pai

d up

on

all s

hare

s co

nfer

ring

that

righ

t. U

nles

s a

poll

is s

o de

man

ded

a de

clar

atio

n by

the

chai

rman

th

at a

res

olut

ion

has

on a

sho

w o

f ha

nds

been

car

ried

unan

imou

sly,

or

by a

par

ticul

ar m

ajor

ity,

or l

ost,

and

an

entry

to th

at e

ffec

t in

the

book

con

tain

ing

the

min

utes

of t

he

proc

eedi

ngs

of t

he C

ompa

ny s

hall

be c

oncl

usiv

e ev

iden

ce

of th

e fa

ct w

ithou

t pro

of o

f the

num

ber o

f pro

porti

on o

f the

vo

tes

reco

rded

in

favo

r of

or

agai

nst

the

reso

lutio

n. T

he

dem

and

for a

pol

l may

be

with

draw

n.

prox

y an

d re

pres

entin

g no

t les

s tha

n on

e-te

nth

of th

e to

tal v

otin

g rig

ht o

f all

Mem

bers

hav

ing

the

right

to v

ote

at th

e m

eetin

g; o

r (d

) by

Mem

ber o

r Mem

bers

hol

ding

sha

res i

n th

e C

ompa

ny

conf

errin

g a

right

to v

ote

at th

e m

eetin

g be

ing

shar

es o

n w

hich

an

agg

rega

te s

um h

as b

een

paid

up

equa

l to

not l

ess

than

one

-te

nth

of th

e to

tal s

um p

aid

up o

n al

l sha

res c

onfe

rrin

g th

at ri

ght.

Unl

ess

a po

ll is

so

dem

ande

d a

decl

arat

ion

by t

he c

hairm

an

chai

rper

son

that

a r

esol

utio

n ha

s on

a s

how

of

hand

s be

en

carr

ied

unan

imou

sly,

or b

y a

parti

cula

r maj

ority

, or l

ost,

and

an

entry

to

that

eff

ect

in t

he b

ook

cont

aini

ng t

he m

inut

es o

f th

e pr

ocee

ding

s of

the

Com

pany

sha

ll be

con

clus

ive

evid

ence

of t

he

fact

with

out

proo

f of

the

num

ber

of p

ropo

rtion

of

the

vote

s re

cord

ed in

favo

r of o

r aga

inst

the

reso

lutio

n. T

he d

eman

d fo

r a

poll

may

be

with

draw

n.

[New

Rul

e]

56.

Res

olut

ion

in n

otic

e to

be

deci

ded

by p

oll

Any

res

olut

ion

set

out i

n th

e no

tice

of a

ny g

ener

al m

eetin

g,

or in

any

not

ice

of r

esol

utio

n w

hich

may

pro

perl

y be

mov

ed

and

is in

tend

ed to

be

mov

ed a

t any

gen

eral

mee

ting

shal

l be

vote

d on

by

poll.

49.

How

pol

l to

be ta

ken

If

a po

ll is

dul

y de

man

ded

shal

l be

tak

en i

n su

ch m

anne

r an

d ei

ther

at

once

or

afte

r an

int

erva

l or

adj

ourn

men

t or

ot

herw

ise

as th

e ch

airm

an d

irect

s, an

d th

e re

sult

of th

e po

ll sh

all b

e th

e re

solu

tion

of th

e m

eetin

gs a

t whi

ch th

e po

ll w

as

dem

ande

d, b

ut a

pol

l de

man

ded

on t

he e

lect

ion

of a

57.

How

pol

l to

be ta

ken

If

a p

oll

is d

uly

dem

ande

d sh

all

be ta

ken

in s

uch

man

ner

and

eith

er a

t onc

e or

afte

r an

inte

rval

or a

djou

rnm

ent o

r oth

erw

ise

as

the

chai

rman

cha

irpe

rson

dire

cts,

and

the

resu

lt of

the

poll

shal

l be

the

res

olut

ion

of t

he

mee

tings

at

whi

ch t

he p

oll

was

de

man

ded,

but

a p

oll

dem

ande

d on

the

elec

tion

of a

cha

irman

Page 83: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

78 79

75

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

chai

rman

or

on a

que

stio

n of

adj

ourn

men

t sh

all

be t

aken

fo

rthw

ith.

chai

rper

son

or o

n a

ques

tion

of a

djou

rnm

ent

shal

l be

tak

en

forth

with

.

50.

(a)

Cha

irman

’s d

eter

min

atio

n in

cas

e of

dis

pute

In

cas

e of

any

dis

pute

as

to th

e ad

mis

sion

or

reje

ctio

n of

a

vote

the

Cha

irman

shal

l det

erm

ine

the

sa

me

and

such

de

term

inat

ion

shal

l be

final

and

con

clus

ive.

(b

) C

hairm

an to

hav

e a

cast

ing

vote

In

cas

e of

an

equa

lity

of v

otes

, the

Cha

irman

(if

he is

als

o th

e C

hairm

an o

r in

his a

bsen

ce, t

he D

eput

y C

hairm

an o

f the

B

oard

of D

irect

ors)

sha

ll, b

oth

on a

sho

w o

f han

ds a

nd o

n a

poll,

hav

e a

cast

ing

vote

. Whe

re t

he C

hairm

an o

r D

eput

y C

hairm

an is

als

o a

mem

ber

of th

e C

ompa

ny, h

e sh

all h

ave

the

cast

ing

vote

in a

dditi

on to

the

vote

s to

whi

ch h

e m

ay b

e en

title

d as

a m

embe

r.

58.

(a)

Cha

irman

C

hair

pers

on’s

de

term

inat

ion

in

case

of

di

sput

e In

cas

e of

any

dis

pute

as

to th

e ad

mis

sion

or r

ejec

tion

of a

vot

e th

e C

hairm

an c

hair

pers

on s

hall

dete

rmin

e th

e sa

me

and

such

de

term

inat

ion

shal

l be

final

and

con

clus

ive.

(b

) C

hairm

an C

hair

pers

on to

hav

e a

cast

ing

vote

In

cas

e of

an

equa

lity

of v

otes

, the

cha

irman

cha

irpe

rson

(if h

e is

als

o th

e C

hairm

an o

r in

his

abse

nce,

the

Dep

uty

Cha

irman

of

the

Boa

rd o

f Dire

ctor

s) s

hall,

bot

h on

a s

how

of h

ands

and

on

a po

ll, n

ot h

ave

a ca

stin

g vo

te. W

here

the

Cha

irman

or

Dep

uty

Cha

irman

is a

lso

a M

embe

r of

the

Com

pany

, he

shal

l not

hav

e th

e ca

stin

g vo

te i

n ad

ditio

n to

the

vot

es t

o w

hich

he

may

be

entit

led

as a

Mem

ber.

[New

Rul

e]

59.

App

oint

men

t of s

crut

inee

r T

he C

ompa

ny m

ust

appo

int

at l

east

one

(1)

scr

utin

eer

to

valid

ate

the

vote

s ca

st b

y po

ll at

any

gen

eral

mee

ting

of th

e C

ompa

ny.

Such

scr

utin

eer

mus

t no

t be

an

offic

er o

f th

e lis

ted

issue

r or

its

re

late

d co

rpor

atio

n,

and

mus

t be

in

depe

nden

t of

the

per

son

unde

rtak

ing

the

polli

ng p

roce

ss.

If su

ch sc

rutin

eer

is in

tere

sted

in a

res

olut

ion

to b

e pa

ssed

at

the

gene

ral m

eetin

g, th

e sc

rutin

eer

mus

t ref

rain

from

act

ing

as th

e sc

rutin

eer

for

that

res

olut

ion.

Page 84: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

80

76

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

VO

TE

S O

F M

EM

BE

RS

51.

Vot

es o

f mem

bers

(a

) Su

bjec

t to

any

rig

hts

or r

estri

ctio

ns f

or t

he t

ime

bein

g at

tach

ed to

any

cla

ss o

r cla

sses

of s

hare

s: -

(i)

at m

eetin

gs o

f mem

bers

or c

lass

es o

f mem

bers

eac

h m

embe

r en

title

d to

vot

e sh

all b

e en

title

d to

be

pres

ent a

nd

may

vot

e in

per

son,

or b

y pr

oxy

or, b

eing

a c

orpo

ratio

n, b

y re

pres

enta

tive

in re

spec

t of a

ny s

hare

or

shar

es u

pon

whi

ch

all c

alls

due

to th

e co

mpa

ny h

as b

een

paid

. (ii

) O

n a

show

of

hand

s ev

ery

pers

on p

rese

nt w

ho is

a

mem

ber,

a pr

oxy

or a

rep

rese

ntat

ive

of a

mem

ber

has

one

vote

, an

d on

a p

oll

ever

y pe

rson

pre

sent

in

pers

on o

r by

pr

oxy

or r

epre

sent

ativ

e ha

s on

e vo

te f

or e

ach

shar

e he

ho

lds;

and

(ii

i) on

a s

how

of h

ands

any

mem

ber w

ho is

a p

roxy

for

anot

her

mem

ber

and

any

pers

on w

ho i

s a

prox

y fo

r m

ore

than

one

mem

ber s

hall

have

onl

y on

e vo

te.

(iv)

on a

reso

lutio

n to

be

deci

ded

by a

sho

w o

f han

ds, a

m

embe

r w

ho i

s a

hold

er o

f or

dina

ry s

hare

s or

pre

fere

nce

shar

es w

ho is

per

sona

lly p

rese

nt a

nd e

ntitl

ed to

vot

e sh

all

be e

ntitl

ed to

one

vot

e.

(b)

Any

pro

xy o

r re

pres

enta

tive

appo

inte

d to

vot

e an

d at

tend

inst

ead

of a

mem

ber s

hall

have

the

sam

e rig

ht a

s th

e m

embe

r to

spea

k at

the

mee

ting.

(c

) Su

bjec

t to

Arti

cles

53,

56

and

56A

, a m

embe

r of

th

e C

ompa

ny e

ntitl

ed to

atte

nd a

nd v

ote

at a

mee

ting

of th

e

60.

Vot

es o

f Mem

bers

(a

) Su

bjec

t to

any

rig

hts

or r

estri

ctio

ns f

or t

he ti

me

bein

g at

tach

ed to

any

cla

ss o

r cla

sses

of s

hare

s: -

(i)

at m

eetin

gs o

f M

embe

rs o

r cl

asse

s of

Mem

bers

eac

h m

embe

r ent

itled

to v

ote

shal

l be

entit

led

to b

e pr

esen

t and

may

vo

te

in

pers

on,

or

by

prox

y or

, be

ing

a co

rpor

atio

n,

by

repr

esen

tativ

e in

res

pect

of

any

shar

e or

sha

res

upon

whi

ch a

ll ca

lls d

ue to

the

com

pany

has

bee

n pa

id.

(ii)

On

a sh

ow o

f ha

nds

ever

y pe

rson

pre

sent

who

is

a M

embe

r, a

prox

y or

a re

pres

enta

tive

of a

Mem

ber h

as o

ne v

ote,

an

d on

a p

oll

ever

y pe

rson

pre

sent

in

pers

on o

r by

pro

xy o

r re

pres

enta

tive

has o

ne v

ote

for e

ach

shar

e he

hol

ds; a

nd

(iii)

on a

sho

w o

f ha

nds

any

Mem

ber

who

is

a pr

oxy

for

anot

her

Mem

ber

and

any

pers

on w

ho is

a p

roxy

for

mor

e th

an

one

Mem

ber s

hall

have

onl

y on

e vo

te.

(iv)

on a

res

olut

ion

to b

e de

cide

d by

a s

how

of

hand

s, a

Mem

ber w

ho is

a h

olde

r of o

rdin

ary

shar

es o

r pre

fere

nce

shar

es

who

is p

erso

nally

pre

sent

and

ent

itled

to v

ote

shal

l be

entit

led

to

one

vote

. (b

) A

ny p

roxy

or

repr

esen

tativ

e ap

poin

ted

to v

ote

and

atte

nd i

nste

ad o

f a

Mem

ber

shal

l ha

ve t

he s

ame

right

as

the

Mem

ber t

o sp

eak

at th

e m

eetin

g.

(c)

Subj

ect

to A

rticl

es 5

3, 5

6 an

d 56

A R

ules

62,

65,

66,

an

d 67

, a M

embe

r of t

he C

ompa

ny e

ntitl

ed to

atte

nd a

nd v

ote

at

Page 85: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

80 81

77

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Com

pany

, or

at a

mee

ting

of a

ny c

lass

of

mem

bers

of

the

Com

pany

, sh

all

be e

ntitl

ed t

o ap

poin

t an

y pe

rson

as

his

prox

y to

atte

nd a

nd v

ote

inst

ead

of t

he m

embe

r at

the

m

eetin

g. T

here

sha

ll be

no

rest

rictio

n as

to th

e qu

alifi

catio

n of

the

prox

y.

a m

eetin

g of

the

Com

pany

, or

at

a m

eetin

g of

any

cla

ss o

f M

embe

rs o

f th

e C

ompa

ny,

shal

l be

ent

itled

to

appo

int

any

pers

on a

s hi

s pr

oxy

to a

ttend

and

vot

e in

stea

d of

the

Mem

ber a

t th

e m

eetin

g. T

here

sha

ll be

no

rest

rictio

n as

to th

e qu

alifi

catio

n of

the

prox

y.

(d) N

otw

ithst

andi

ng th

e R

ule

60(a

) abo

ve, n

o M

embe

r sh

all

be e

ntitl

ed t

o vo

te a

t a

gene

ral

mee

ting

unle

ss a

ll ca

lls o

r ot

her

sum

s pr

esen

tly p

ayab

le b

y th

e M

embe

r in

res

pect

of

his s

hare

s has

bee

n pa

id.

51

A.

Vot

ing

right

s of s

hare

s of d

iffer

ent m

onet

ary

deno

min

atio

ns

Whe

re t

he c

apita

l of

the

Com

pany

con

sist

s of

sha

res

of

diff

eren

t m

onet

ary

deno

min

atio

ns,

votin

g rig

hts

shal

l be

pr

escr

ibed

in

such

a m

anne

r th

at a

uni

t of

cap

ital

in e

ach

clas

s, w

hen

redu

ced

to a

com

mon

den

omin

ator

, sha

ll ca

rry

the

sam

e vo

ting

pow

er w

hen

such

righ

t is e

xerc

isab

le.

- To

be

dele

ted.

[N

ew R

ule]

61

. R

esol

utio

ns o

f Mem

bers

(a

) A

n or

dina

ry r

esol

utio

n of

the

Mem

bers

or

a cl

ass

of

Mem

bers

of

the

Com

pany

sha

ll be

pas

sed

by a

sim

ple

maj

ority

of

mor

e th

an h

alf

of s

uch

Mem

bers

who

are

en

title

d to

vot

e an

d do

vot

e in

per

son,

or

whe

re p

roxi

es a

re

all o

wed

, by

prox

y at

a m

eetin

g of

Mem

bers

. (b

) A sp

ecia

l res

olut

ion

of th

e M

embe

rs o

r cl

ass

of M

embe

rs

of a

com

pany

sha

ll be

pas

sed

by a

maj

ority

of

not l

ess

than

se

vent

y-fiv

e pe

r ce

nt (

75%

) of

suc

h M

embe

rs w

ho a

re

entit

led

to v

ote

and

do v

ote

in p

erso

n, o

r w

here

pro

xies

are

al

low

ed, b

y pr

oxy

at a

mee

ting

of M

embe

rs.

Page 86: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

82

78

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

52.

Vot

es o

f joi

nt h

olde

rs o

f sha

res

In t

he c

ase

of j

oint

hol

ders

the

vot

e of

the

sen

ior

who

te

nder

s a

vote

, w

heth

er i

n pe

rson

or

by p

roxy

, sh

all

be

acce

pted

to

the

excl

usio

n of

the

vot

es o

f th

e ot

her

join

t ho

lder

s an

d fo

r th

is p

urpo

se s

enio

rity

shal

l be

det

erm

ined

by

the

ord

er i

n w

hich

the

nam

es s

tand

in

the

regi

ster

of

mem

bers

.

- To

be

dele

ted.

53.

Vot

es o

f men

tally

dis

orde

red

mem

bers

A

mem

ber

who

is

of u

nsou

nd m

ind

or w

hose

per

son

or

esta

te i

s lia

ble

to b

e de

alt

with

in

any

way

und

er t

he l

aw

rela

ting

to m

enta

l dis

orde

r m

ay v

ote

whe

ther

or

a sh

ow o

f ha

nds

or o

n a

poll,

by

his

com

mitt

ee o

r by

suc

h ot

her

pers

on a

s pr

oper

ly h

as t

he m

anag

emen

t of

his

est

ate,

and

an

y su

ch c

omm

ittee

or o

ther

pe

rson

may

vot

e by

pro

xy

or a

ttorn

ey.

62.

Vot

es o

f men

tally

dis

orde

red

Mem

bers

A

Mem

ber w

ho is

of u

nsou

nd m

ind

or w

hose

per

son

or e

stat

e is

lia

ble

to b

e de

alt

with

in

any

way

und

er t

he l

aw r

elat

ing

to

men

tal d

isor

der m

ay v

ote

whe

ther

or o

n a

show

of h

ands

or o

n a

poll,

by

his

com

mitt

ee o

r by

suc

h ot

her

pers

on a

s pr

oper

ly h

as

the

man

agem

ent o

f his

est

ate,

and

any

suc

h co

mm

ittee

or

othe

r pe

rson

may

vot

e by

pro

xy o

r atto

rney

.

54.

Mem

bers

ind

ebte

d to

Com

pany

in

resp

ect

of s

hare

s no

t en

title

d to

vot

e N

o m

embe

r sha

ll be

ent

itled

to v

ote

at a

ny g

ener

al m

eetin

g un

less

all

calls

, or

othe

r su

ms

pres

ently

pay

able

by

him

in

resp

ect o

f sha

res i

n th

e C

ompa

ny h

ave

been

pai

d.

63.

Mem

bers

inde

bted

to C

ompa

ny in

resp

ect o

f sha

res

not e

ntitl

ed

to v

ote

No

Mem

ber

shal

l be

ent

itled

to

vote

at

any

gene

ral

mee

ting

unle

ss a

ll ca

lls,

or o

ther

sum

s pr

esen

tly p

ayab

le b

y hi

m i

n re

spec

t of s

hare

s in

the

Com

pany

hav

e be

en p

aid.

55.

Rai

sing

obj

ectio

ns to

vot

ing

qual

ifica

tions

N

o ob

ject

ions

sha

ll be

rai

sed

to t

he q

ualif

icat

ion

of a

ny

vote

r ex

cept

at t

he m

eetin

g or

adj

ourn

ed a

t whi

ch th

e vo

te

obje

cted

to

is g

iven

or

tend

ered

, an

d ev

ery

vote

not

di

sallo

wed

at

such

mee

ting

shal

l be

val

id f

or a

ll pu

rpos

es

and

such

obj

ectio

n m

ade

in d

ue ti

me

shal

l be

refe

rred

to th

e

64.

Rai

sing

obj

ectio

ns to

vot

ing

qual

ifica

tions

N

o ob

ject

ions

sha

ll be

rai

sed

to t

he q

ualif

icat

ion

of a

ny v

oter

ex

cept

at t

he m

eetin

g or

adj

ourn

ed a

t whi

ch th

e vo

te o

bjec

ted

to

is g

iven

or

tend

ered

, an

d ev

ery

vote

not

dis

allo

wed

at

such

m

eetin

g sh

all b

e va

lid fo

r all

purp

oses

and

suc

h ob

ject

ion

mad

e in

due

tim

e sh

all b

e re

ferr

ed to

the

chai

rman

cha

irpe

rson

of t

he

Page 87: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

82 83

79

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

chai

rman

of

the

mee

ting

who

se d

ecis

ion

shal

l be

final

and

co

nclu

sive

.

mee

ting

who

se d

ecis

ion

shal

l be

final

and

con

clus

ive.

[N

ew R

ule]

65

. A

ppoi

ntm

ent o

f Pro

xy

(1)

Subj

ect

to s

ub-r

ules

(2)

and

(3)

, a

Mem

ber

shal

l be

en

title

d to

app

oint

up

to tw

o (2

) per

sons

as

his

prox

y to

ex

erci

se a

ll or

any

of

his

righ

ts t

o at

tend

, pa

rtic

ipat

e,

spea

k an

d vo

te a

t a

gene

ral

mee

ting.

A

Mem

ber

who

ap

poin

ts m

ore

than

one

(1) p

roxy

in r

elat

ion

to a

gen

eral

m

eetin

g m

ust s

peci

fy th

e pr

opor

tion

of h

is s

hare

hold

ing

repr

esen

ted

by e

ach

prox

y.

(2)

Whe

re a

Mem

ber

entit

led

to v

ote

on a

res

olut

ion

has

appo

inte

d a

prox

y, t

he p

roxy

sha

ll on

ly b

e en

title

d to

vo

te o

n a

show

of h

ands

if h

e is

the

only

pro

xy a

ppoi

nted

by

the

Mem

ber.

(3

) W

here

a M

embe

r en

title

d to

vot

e on

a r

esol

utio

n ha

s ap

poin

ted

mor

e th

an o

ne (1

) pro

xy –

(a)

the

prox

ies

shal

l on

ly b

e en

title

d to

vot

e on

a p

oll;

and

(b)

the

appo

intm

ent s

hall

not b

e va

lid u

nles

s he

spec

ifies

th

e pr

opor

tions

of h

is sh

areh

oldi

ng to

be

repr

esen

ted

by e

ach

prox

y.

56

. In

stru

men

t app

oint

ing

a pr

oxy

to b

e in

writ

ing

The

inst

rum

ent

appo

intin

g a

prox

y sh

all

be i

n w

ritin

g (in

th

e co

mm

on o

r usu

al fo

rm) u

nder

the

hand

of t

he a

ppoi

nter

or

of

his

atto

rney

dul

y au

thor

ized

in

writ

ing

or,

if th

e

66.

Inst

rum

ent a

ppoi

ntin

g a

prox

y to

be

in w

ritin

g Th

e in

stru

men

t ap

poin

ting

a pr

oxy

shal

l be

in

writ

ing

(in t

he

com

mon

or u

sual

form

) und

er th

e ha

nd o

f the

app

oint

er o

r of h

is at

torn

ey d

uly

auth

oriz

ed i

n w

ritin

g or

, if

the

appo

inte

r is

a

Page 88: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

84

80

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

appo

inte

r is

a c

orpo

ratio

n, e

ither

und

er s

eal

or u

nder

the

ha

nd o

f an

offic

er o

r atto

rney

dul

y au

thor

ized

. A p

roxy

may

bu

t nee

d no

t be

a m

embe

r of t

he C

ompa

ny. T

he in

stru

men

t ap

poin

ting

a pr

oxy

shal

l be

dee

med

to

conf

er a

utho

rity

to

dem

and

or jo

in d

eman

ding

a p

oll.

corp

orat

ion,

eith

er u

nder

sea

l or u

nder

the

hand

of a

n of

ficer

or

atto

rney

dul

y au

thor

ized

. A

pro

xy m

ay b

ut n

eed

not

be a

M

embe

r of t

he C

ompa

ny. T

he in

stru

men

t app

oint

ing

a pr

oxy

to

vote

on

a m

atte

r at

a g

ener

al m

eetin

g sh

all

be d

eem

ed t

o co

nfer

aut

horit

y to

dem

and

or jo

in d

eman

ding

a p

oll.

56

A

(a)

Atto

rney

as p

roxy

A

cop

y of

the

duly

reg

iste

red

pow

er o

f atto

rney

refe

rred

to

in A

rticl

e 56

sha

ll be

dep

osite

d w

ith th

e C

ompa

ny to

geth

er

with

the

inst

rum

ent a

ppoi

ntin

g th

e pr

oxy,

as

prov

ided

for i

n A

rticl

e 57

. (b

) C

orpo

ratio

n ca

n ap

poin

t rep

rese

ntat

ive

Any

cor

pora

tion

whi

ch is

a m

embe

r of

the

Com

pany

may

by

reso

lutio

n of

the

Dire

ctor

s of t

hat

corp

orat

ion

or

othe

r go

vern

ing

body

aut

horis

e su

ch p

erso

n as

it th

inks

fit

to a

ct a

s its

repr

esen

tativ

e at

any

mee

ting

of th

e C

ompa

ny,

and

the

pers

on so

aut

horis

ed sh

all b

e en

title

d to

exe

rcis

e th

e sa

me

pow

ers

on

beha

lf of

th

e co

rpor

atio

n w

hich

he

re

pres

ents

as

that

cor

pora

tion

whi

ch h

e re

pres

ents

as

that

co

rpor

atio

n co

uld

exer

cise

if it

wer

e an

indi

vidu

al m

embe

r of

the

Com

pany

.

67.

(a)

Atto

rney

as p

roxy

A

cop

y of

the

dul

y re

gist

ered

pow

er o

f at

torn

ey r

efer

red

to in

A

rticl

e 56

Rul

e 66

sha

ll be

dep

osite

d w

ith t

he C

ompa

ny

toge

ther

with

the

inst

rum

ent a

ppoi

ntin

g th

e pr

oxy,

as

prov

ided

fo

r in

Arti

cle

57 R

ule

70.

(b)

Cor

pora

tion

can

appo

int r

epre

sent

ativ

e A

ny c

orpo

ratio

n w

hich

is

a m

embe

r of

the

Com

pany

may

by

reso

lutio

n of

the

Dire

ctor

s of t

hat

corp

orat

ion

or

othe

r go

vern

ing

body

aut

horis

e su

ch p

erso

n as

it th

inks

fit t

o ac

t as i

ts

repr

esen

tativ

e at

any

mee

ting

of th

e C

ompa

ny, a

nd th

e pe

rson

so

auth

oris

ed s

hall

be e

ntitl

ed t

o ex

erci

se t

he s

ame

pow

ers

on

beha

lf of

the

corp

orat

ion

whi

ch h

e re

pres

ents

as t

hat c

orpo

ratio

n w

hich

he

repr

esen

ts a

s th

at c

orpo

ratio

n co

uld

exer

cise

if it

wer

e an

indi

vidu

al m

embe

r of t

he C

ompa

ny.

(i)

A M

embe

r w

hich

is a

cor

pora

tion

may

by

reso

lutio

n of

its

Boa

rd o

r ot

her

gove

rnin

g bo

dy a

utho

rise

a p

erso

n or

pe

rson

s to

act

as

its r

epre

sent

ativ

e or

rep

rese

ntat

ives

at a

ny

mee

ting

of M

embe

rs o

f the

Com

pany

.

(ii) I

f the

cor

pora

tion

auth

orise

s on

ly o

ne p

erso

n, th

e pe

rson

sh

all b

e en

title

d to

exe

rcis

e th

e sa

me

pow

ers o

n be

half

of th

e co

rpor

atio

n as

the

cor

pora

tion

coul

d ex

erci

se i

f he

was

an

indi

vidu

al M

embe

r of

the

Com

pany

.

Page 89: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

84 85

81

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(iii)

If t

he c

orpo

ratio

n au

thor

ises

mor

e th

an o

ne p

erso

n as

its

rep

rese

ntat

ive,

eve

ry o

ne o

f the

rep

rese

ntat

ives

is e

ntitl

ed

to e

xerc

ise th

e sa

me

pow

ers

on b

ehal

f of

the

corp

orat

ion

as

the

corp

orat

ion

coul

d ex

erci

se

if ev

ery

one

of

the

repr

esen

tativ

es w

as a

n in

divi

dual

Mem

ber

of th

e C

ompa

ny.

(iv

) If t

he c

orpo

ratio

n au

thor

ises

mor

e th

an o

ne p

erso

n an

d m

ore

than

one

of t

he r

epre

sent

ativ

es p

urpo

rt to

exe

rcise

the

pow

er u

nder

Rul

e 67

(b)(i

ii):

(a

a) if

the

repr

esen

tativ

es p

urpo

rt to

exe

rcis

e th

e po

wer

in

the

sam

e w

ay, t

he p

ower

is tr

eate

d as

exe

rcise

d in

th

at w

ay; o

r (b

b ) if

the

repr

esen

tativ

es d

o no

t pur

port

to e

xerc

ise th

e po

wer

in t

he s

ame

way

, the

pow

er is

tre

ated

as

not

exer

cise

d.

(v) T

he a

utho

rity

giv

en b

y a

corp

orat

ion

to a

rep

rese

ntat

ive

may

be

for

a pa

rtic

ular

gen

eral

mee

ting

or f

or a

ll m

eetin

gs

of t

he C

ompa

ny.

In t

he c

ase

of t

he l

atte

r, t

he p

erso

n au

thor

ised

sha

ll be

ent

itled

to e

xerc

ise

his

pow

ers

on b

ehal

f of

the

cor

pora

tion

until

his

auth

ority

is

revo

ked

by t

he

corp

orat

ion.

(vi)

A c

ertif

icat

e of

aut

hori

satio

n by

the

corp

orat

ion

shal

l be

prim

a fa

cie

evid

ence

of t

he a

ppoi

ntm

ent o

r re

voca

tion

of th

e ap

poin

tmen

t, as

the

case

may

be,

und

er R

ule

67(b

)(i).

Page 90: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

86

82

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

56B

A

ppoi

ntm

ent o

f mor

e th

an o

ne p

roxy

W

here

a m

embe

r of t

he C

ompa

ny is

an

auth

oris

ed n

omin

ee

as

defin

ed

unde

r th

e Se

curit

ies

Indu

stry

(C

entra

l D

epos

itorie

s) A

ct, 1

991,

it m

ay a

ppoi

nt a

t lea

st o

ne p

roxy

in

res

pect

of

each

sec

uriti

es a

ccou

nt it

hol

ds w

ith o

rdin

ary

shar

es o

f th

e C

ompa

ny s

tand

ing

to t

he c

redi

t of

the

sai

d se

curit

ies a

ccou

nt.

68.

No

amen

dmen

ts re

quire

d.

56C

A

ppoi

ntm

ent o

f mul

tiple

pro

xies

(a

) W

here

a m

embe

r of

the

Com

pany

is

an e

xem

pt

auth

oris

ed n

omin

ee w

hich

hol

ds o

rdin

ary

shar

es i

n th

e C

ompa

ny f

or m

ultip

le b

enef

icia

l ow

ners

in

one

secu

ritie

s ac

coun

t (“

omni

bus

acco

unt”

), th

ere

is n

o lim

it to

the

nu

mbe

r of

pro

xies

whi

ch t

he e

xem

pt a

utho

rized

nom

inee

m

ay a

ppoi

nt in

resp

ect o

f eac

h om

nibu

s acc

ount

it h

olds

. (b

) A

n ex

empt

au

thor

ised

no

min

ee

refe

rs

to

an

auth

oris

ed n

omin

ee d

efin

ed u

nder

the

Sec

uriti

es I

ndus

try

(Cen

tral

Dep

osito

ries)

A

ct

1991

(“

SIC

DA

”)

whi

ch

is

exem

pted

fr

om

com

plia

nce

with

th

e pr

ovis

ions

of

su

bsec

tion

25A

(1) o

f SIC

DA

.

69.

No

amen

dmen

ts re

quire

d.

56D

A

ppoi

ntm

ent o

f mul

tiple

pro

xies

by

indi

vidu

al m

embe

rs

(a)

Subj

ect

to A

rticl

es 5

6B a

nd 5

6C,

a m

embe

r sh

all

not b

e en

title

d to

app

oint

mor

e t

han

two

prox

ies

to a

ttend

an

d vo

te a

t the

sam

e m

eetin

g.

(b)

W

here

a

mem

ber

appo

ints

tw

o pr

oxie

s, th

e ap

poin

tmen

ts

shal

l be

in

valid

un

less

he

sp

ecifi

es

the

prop

ortio

ns o

f his

hol

ding

s to

be re

pres

ente

d by

eac

h pr

oxy.

- To

be

dele

ted.

Page 91: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

86 87

83

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

57.

Form

of p

roxy

may

allo

w v

otin

g fo

r or a

gain

st

Whe

re i

t is

des

ired

to a

fford

mem

bers

an

oppo

rtuni

ty o

f vo

ting

for o

r aga

inst

a re

solu

tion

the

inst

rum

ent a

ppoi

ntin

g a

prox

y sh

all

be i

n th

e fo

llow

ing

form

or

a fo

rm a

s ne

ar

ther

eto

as c

ircum

stan

ces a

dmit:

- [p

roxy

form

]

70.

No

amen

dmen

ts re

quire

d.

58.

Inst

rum

ent a

ppoi

ntin

g a

prox

y to

be

left

at th

e of

fice

Th

e in

stru

men

t ap

poin

ting

a pr

oxy

and

the

pow

er o

f at

torn

ey o

r oth

er a

utho

rity,

if a

ny, u

nder

whi

ch it

is s

igne

d or

a n

otar

ially

cer

tifie

d co

py o

f tha

t pow

er o

r aut

horit

y sh

all

be d

epos

ited

at th

e re

gist

ered

off

ice

of th

e C

ompa

ny, o

r at

su

ch o

ther

pla

ce w

ithin

Mal

aysi

a as

is

spec

ified

for

tha

t pu

rpos

e in

not

ice

conv

enin

g th

e m

eetin

g or

adj

ourn

ed

mee

ting

at w

hich

the

per

son

nam

ed i

n th

e in

stru

men

t pr

opos

es t

o vo

te,

or,

in t

he c

ase

of a

pol

l, no

t le

ss t

han

twen

ty-fo

ur (

24)

hour

s be

fore

the

tim

e ap

poin

ted

for

the

taki

ng o

f th

e po

ll, a

nd i

n de

faul

t th

e in

stru

men

t of

pro

xy

shal

l not

be

treat

ed a

s val

id.

71.

Inst

rum

ent a

ppoi

ntin

g a

prox

y to

be

left

at th

e of

fice

Th

e in

stru

men

t app

oint

ing

a pr

oxy

and

the

pow

er o

f atto

rney

or

othe

r au

thor

ity, i

f an

y, u

nder

whi

ch it

is s

igne

d or

a n

otar

ially

ce

rtifie

d co

py o

f tha

t pow

er o

r aut

horit

y sh

all b

e de

posit

ed a

t the

re

gist

ered

off

ice

of th

e C

ompa

ny, o

r at

suc

h ot

her

plac

e w

ithin

M

alay

sia

as is

spec

ified

for t

hat p

urpo

se in

not

ice

conv

enin

g th

e m

eetin

g or

adj

ourn

ed m

eetin

g, n

ot l

ess

than

for

ty-e

ight

(48

) ho

urs

befo

re t

he ti

me

for

hold

ing

the

mee

ting

or a

djou

rned

m

eetin

g, a

t whi

ch th

e pe

rson

nam

ed in

the

inst

rum

ent p

ropo

ses

to v

ote,

or,

in th

e ca

se o

f a

poll,

not

less

than

twen

ty-fo

ur (

24)

hour

s bef

ore

the

time

appo

inte

d fo

r the

taki

ng o

f the

pol

l, an

d in

de

faul

t the

inst

rum

ent o

f pro

xy sh

all n

ot b

e tre

ated

as v

alid

.

59.

Whe

n vo

te b

y pr

oxy

valid

thou

gh a

utho

rity

revo

ked

A v

ote

give

n in

acc

orda

nce

with

term

s of a

n in

stru

men

t of a

pr

oxy

or

atto

rney

sh

all

be

valid

no

twith

stan

ding

th

e pr

evio

us d

eath

or

unso

undn

ess

of m

ind

of th

e pr

inci

pal o

r re

voca

tion

of th

e in

stru

men

t or o

f the

aut

horit

y un

der w

hich

th

e in

stru

men

t was

exe

cute

d, o

r the

tran

sfer

of t

he s

hare

in

resp

ect o

f whi

ch th

e in

stru

men

t is

give

n, if

no

intim

atio

n in

w

ritin

g of

suc

h de

ath,

uns

ound

ness

of

min

d, re

voca

tion,

or

trans

fer

as a

fore

said

has

bee

n re

ceiv

ed b

y th

e C

ompa

ny a

t th

e re

gist

ered

off

ice

befo

re t

he c

omm

ence

men

t of

the

72.

Whe

n vo

te b

y pr

oxy

valid

thou

gh a

utho

rity

revo

ked

A v

ote

give

n in

acc

orda

nce

with

ter

ms

of a

n in

stru

men

t of

a

prox

y or

atto

rney

sha

ll be

val

id n

otw

ithst

andi

ng t

he p

revi

ous

deat

h or

uns

ound

ness

of

min

d of

the

prin

cipa

l or

revo

catio

n of

th

e in

stru

men

t or

of

the

auth

ority

und

er w

hich

the

ins

trum

ent

was

exe

cute

d, o

r the

tran

sfer

of t

he sh

are

in re

spec

t of w

hich

the

inst

rum

ent

is g

iven

, if

no i

ntim

atio

n in

writ

ing

of s

uch

deat

h,

unso

undn

ess

of m

ind,

rev

ocat

ion,

or

trans

fer

as a

fore

said

has

be

en r

ecei

ved

by th

e C

ompa

ny a

t the

reg

iste

red

offic

e no

t le

ss

than

twen

ty-f

our

(24)

hou

rs b

efor

e th

e co

mm

ence

men

t of

the

Page 92: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

88

84

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

mee

ting

or a

djou

rned

mee

ting

at w

hich

the

ins

trum

ent

is

used

. m

eetin

g tim

e fo

r ho

ldin

g th

e m

eetin

g of

M

embe

rs

or

adjo

urne

d m

eetin

g at

whi

ch th

e in

stru

men

t is u

sed.

DIR

ECTO

RS’

APP

OIN

TME

NT,

ETC

60

. Fi

rst D

irect

ors

The

first

Dire

ctor

s an

d fo

unde

r m

embe

rs o

f th

e C

ompa

ny

shal

l be

Dr.

Abd

ul H

alim

bin

Haj

i Ism

ail a

nd M

ohd

Fadz

li bi

n Y

usof

.

73.

No

amen

dmen

ts re

quire

d.

60A

. D

elet

ed

-

61.

Del

eted

-

62.

Ret

irem

ent o

f Dire

ctor

s A

ll D

irect

ors

of th

e C

ompa

ny s

hall

retir

e fr

om th

e of

fice

at

leas

t onc

e ev

ery

3 ye

ars a

nd a

t the

Ann

ual G

ener

al m

eetin

g,

one

third

(1/3

) of t

he D

irect

ors f

or th

e tim

e be

ing,

or i

f the

ir nu

mbe

r is

not t

hree

or a

mul

tiple

of t

hree

, the

n th

e nu

mbe

r ne

ares

t to

one-

third

(1/3

), sh

all r

etire

from

off

ice.

74.

No

amen

dmen

ts re

quire

d.

63.

Ret

iring

Dire

ctor

elig

ible

for r

e-el

ectio

n A

retir

ing

Dire

ctor

shal

l be

elig

ible

for r

e-el

ectio

n.

75.

No

amen

dmen

ts re

quire

d.

63A

A

n el

ectio

n of

Dire

ctor

s sha

ll ta

ke p

lace

eac

h ye

ar.

76

. E

lect

ion

of D

irec

tors

A

n el

ectio

n of

Dire

ctor

s sha

ll ta

ke p

lace

eac

h ye

ar.

64

. Se

nior

Dire

ctor

s to

Ret

ire

The

Dire

ctor

s to

ret

ire i

n ev

ery

year

sha

ll be

tho

se w

ho

have

bee

n lo

nges

t in

offic

e si

nce

thei

r la

st e

lect

ion,

but

as

betw

een

pers

ons

who

bec

ame

Dire

ctor

s on

the

sam

e da

y

77.

No

amen

dmen

ts re

quire

d.

Page 93: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

88 89

85

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

thos

e to

ret

ire s

hall

(unl

ess

they

oth

erw

ise

agre

e am

ong

them

selv

es) b

e de

term

ined

by

lot.

64

A

(a)

Off

ice

may

be

fille

d at

mee

ting

at w

hich

Dire

ctor

re

tires

W

here

, at a

ny g

ener

al m

eetin

g, a

ny D

irect

or r

etire

s in

the

man

ner

prov

ided

und

er A

rticl

es 6

2 an

d 63

, th

e C

ompa

ny

may

- (i)

ap

poin

t a p

erso

n to

fill

up th

e va

canc

y; o

r (ii

) re

solv

e th

at t

he n

umbe

r of

Dire

ctor

s be

red

uced

ac

cord

ingl

y.

(b)

This

Arti

cle

shal

l on

ly a

pply

whe

re a

ret

iring

D

irect

or c

hoos

es n

ot to

see

k re

-ele

ctio

n, o

r whe

re h

e el

ects

to

see

k re

-ele

ctio

n by

the

reso

lutio

n fo

r hi

s re

-ele

ctio

n w

as

put t

o th

e m

eetin

g an

d lo

st.

(c)

No

notic

e sh

all b

e re

quire

d to

be

give

n in

resp

ect o

f an

app

oint

men

t und

er su

b-ar

ticle

(a)(

i).

78.

(a)

Off

ice

may

be

fille

d at

mee

ting

at w

hich

Dire

ctor

retir

es

Whe

re,

at a

ny g

ener

al m

eetin

g, a

ny D

irect

or r

etire

s in

the

m

anne

r pro

vide

d un

der A

rticl

es 6

2 an

d 63

Rul

es 7

4 an

d 75

, the

C

ompa

ny m

ay -

(i)

appo

int a

per

son

to fi

ll up

the

vaca

ncy;

or

(ii)

reso

lve

that

th

e nu

mbe

r of

D

irect

ors

be

redu

ced

acco

rdin

gly.

(b

) Th

is A

rticl

e R

ule

shal

l on

ly a

pply

whe

re a

ret

iring

D

irect

or c

hoos

es n

ot to

see

k re

-ele

ctio

n, o

r w

here

he

elec

ts to

se

ek r

e-el

ectio

n by

the

reso

lutio

n fo

r hi

s re

-ele

ctio

n w

as p

ut to

th

e m

eetin

g an

d lo

st.

(c)

No

notic

e sh

all b

e re

quire

d to

be

give

n in

resp

ect o

f an

appo

intm

ent u

nder

sub-

artic

le su

b-ru

le (a

)(i).

64B

Pe

rson

off

erin

g hi

mse

lf fo

r el

ectio

n to

be

Dire

ctor

mus

t gi

ve n

otic

e (a

) N

o pe

rson

, no

t be

ing

a re

tirin

g D

irect

or s

hall

be

elig

ible

for e

lect

ion

to th

e of

fice

of D

irect

or a

t any

gen

eral

m

eetin

g un

less

som

e ot

her

mem

ber

inte

ndin

g to

pro

pose

hi

m, h

as, a

t lea

st 1

1 cl

ear d

ays b

efor

e th

e m

eetin

g le

ft at

the

Reg

iste

red

Off

ice

a no

tice

in w

ritin

g du

ly s

igne

d by

the

no

min

ee

givi

ng

his

cons

ent

to

the

nom

inat

ion

and,

si

gnify

ing

his

cand

idat

ure

for t

he o

ffic

e, o

r the

inte

ntio

n of

79.

Pers

on o

ffer

ing

him

self

for

elec

tion

to b

e D

irect

or m

ust

give

no

tice

(a)

No

pers

on, n

ot b

eing

a re

tirin

g D

irect

or sh

all b

e el

igib

le

for

elec

tion

to t

he o

ffic

e of

Dire

ctor

at

any

gene

ral

mee

ting

unle

ss s

ome

othe

r M

embe

r in

tend

ing

to p

ropo

se h

im,

has,

at

leas

t 11

cle

ar d

ays

befo

re t

he m

eetin

g le

ft at

the

Reg

iste

red

Off

ice

a no

tice

in w

ritin

g du

ly s

igne

d by

the

nom

inee

giv

ing

his

cons

ent t

o th

e no

min

atio

n an

d, si

gnify

ing

his c

andi

datu

re fo

r the

of

fice,

or

the

inte

ntio

n of

suc

h M

embe

r to

pro

pose

him

;

Page 94: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

90

86

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

such

mem

ber t

o pr

opos

e hi

m; p

rovi

ded

that

in th

e ca

se o

f a

pers

on r

ecom

men

ded

by th

e D

irect

ors

for

elec

tion,

9 c

lear

da

ys n

otic

e on

ly s

hall

be n

eces

sary

, and

not

ice

of e

ach

and

ever

y ca

ndid

atur

e fo

r el

ectio

n to

the

Boa

rd o

f D

irect

ors

shal

l be

serv

ed o

n th

e re

gist

ered

hol

ders

of s

hare

s at

leas

t 7

days

prio

r to

the

mee

ting

at w

hich

the

ele

ctio

n is

to

take

pl

ace.

(b

) Fo

r th

e av

oida

nce

of d

oubt

, th

is A

rticl

e sh

all

not

appl

y in

a c

ase

whe

re th

e C

ompa

ny is

app

oint

ing

a pe

rson

to

be

a D

irect

or u

nder

Arti

cle

64A

.

prov

ided

tha

t in

the

cas

e of

a p

erso

n re

com

men

ded

by t

he

Dire

ctor

s fo

r el

ectio

n,

9 cl

ear

days

no

tice

only

sh

all

be

nece

ssar

y, a

nd n

otic

e of

eac

h an

d ev

ery

cand

idat

ure

for e

lect

ion

to t

he B

oard

of

Dire

ctor

s sh

all

be s

erve

d on

the

reg

iste

red

hold

ers

of s

hare

s at

leas

t 7 d

ays

prio

r to

the

mee

ting

at w

hich

th

e el

ectio

n is

to ta

ke p

lace

. (b

) Fo

r th

e av

oida

nce

of d

oubt

, thi

s A

rticl

e R

ule

shal

l not

ap

ply

in a

cas

e w

here

the

Com

pany

is a

ppoi

ntin

g a

pers

on to

be

a D

irect

or u

nder

Arti

cle

64A

Rul

e 78

.

64C

If

plac

es n

ot fi

lled

up re

tirin

g D

irect

or d

eem

ed re

-ele

cted

Su

bjec

t to

any

reso

lutio

n re

duci

ng th

e nu

mbe

r of D

irect

ors,

if at

any

mee

ting

at w

hich

an

elec

tion

of D

irect

ors

ough

t to

take

pla

ce,

the

plac

es o

f th

e D

irect

ors

retir

ing

at t

he

mee

ting,

or

som

e of

the

m a

re n

ot f

illed

up

the

retir

ing

Dire

ctor

s, or

such

of t

hem

as h

ave

not h

ad th

eir p

lace

s fill

ed

up,

shal

l, if

will

ing

to a

ct,

be d

eem

ed t

o ha

ve b

een

re-

elec

ted,

unl

ess

at th

e m

eetin

g it

is e

xpre

ssly

reso

lved

not

to

fill

the

vaca

ted

offic

e or

unl

ess

a re

solu

tion

for

the

re-

elec

tion

of th

e D

irect

or is

put

to th

e m

eetin

g an

d lo

st.

80.

No

amen

dmen

ts re

quire

d.

65.

Num

ber o

f Dire

ctor

s Th

e nu

mbe

r of D

irect

ors

shal

l be

not l

ess

than

five

(5) a

nd

not

mor

e th

an t

en (

10).

Subj

ect

to t

he f

oreg

oing

, th

e C

ompa

ny m

ay f

rom

tim

e to

tim

e by

ord

inar

y re

solu

tion

pass

ed a

t a g

ener

al m

eetin

g in

crea

se o

r re

duce

the

num

ber

of D

irect

ors

and

may

als

o de

term

ine

in w

hat

rota

tion

the

redu

ced

or in

crea

sed

num

ber i

s to

go o

ut o

f off

ice.

81.

No

amen

dmen

ts re

quire

d.

Page 95: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

90 91

87

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

66.

Dire

ctor

s may

be

rem

oved

by

ordi

nary

reso

lutio

n

The

Com

pany

may

by

ordi

nary

res

olut

ion

rem

ove

any

Dire

ctor

bef

ore

the

expi

ratio

n of

his

per

iod

of o

ffic

e, a

nd

may

by

an o

rdin

ary

reso

lutio

n ap

poin

t ano

ther

per

son

in h

is

stea

d; th

e pe

rson

app

oint

ed s

hall

be s

ubje

ct to

retir

emen

t at

the

sam

e tim

e as

if h

e ha

d be

com

e a

Dire

ctor

on

the

day

on

whi

ch th

e D

irect

or in

who

se p

lace

he

is a

ppoi

nted

was

last

el

ecte

d a

Dire

ctor

.

82.

Dire

ctor

s may

be

rem

oved

by

ordi

nary

reso

lutio

n

(a)

The

Com

pany

may

by

ordi

nary

res

olut

ion

rem

ove

any

Dire

ctor

bef

ore

the

expi

ratio

n of

his

per

iod

of o

ffic

e, a

nd m

ay

by a

n or

dina

ry r

esol

utio

n ap

poin

t an

othe

r pe

rson

in

his

stea

d;

the

pers

on a

ppoi

nted

sha

ll be

sub

ject

to r

etire

men

t at t

he s

ame

time

as i

f he

had

bec

ome

a D

irect

or o

n th

e da

y on

whi

ch t

he

Dire

ctor

in

who

se p

lace

he

is a

ppoi

nted

was

las

t el

ecte

d a

Dire

ctor

. (b

) Sp

ecia

l no

tice

is to

be

give

n to

the

Com

pany

of

a re

solu

tion

to r

emov

e a

Dir

ecto

r un

der

this

Rul

e or

to

appo

int

anot

her

pers

on in

stea

d of

the

Dir

ecto

r at

the

sam

e m

eetin

g.

(c) N

otw

ithst

andi

ng th

is R

ule,

if a

Dir

ecto

r w

as a

ppoi

nted

to

repr

esen

t the

inte

rest

s of a

ny p

artic

ular

cla

ss o

f Mem

bers

or

debe

ntur

e ho

lder

s, th

e re

solu

tion

to r

emov

e th

e D

irec

tor

shal

l not

tak

e ef

fect

unt

il th

e D

irec

tor’

s su

cces

sor

has

been

ap

poin

ted.

66A

C

asua

l vac

ancy

to b

e fil

led

by D

irect

ors

The

Dire

ctor

s sh

all h

ave

pow

er a

t any

tim

e an

d fr

om ti

me

to ti

me

to a

ppoi

nt a

ny p

erso

n to

be

a D

irect

or e

ither

to fi

ll a

casu

al v

acan

cy o

r as

an

addi

tion

to th

e ex

istin

g D

irect

ors.

Any

Dire

ctor

so

appo

inte

d sh

all

hold

off

ice

only

unt

il th

e ne

xt f

ollo

win

g an

nual

gen

eral

mee

ting

and

shal

l th

en b

e el

igib

le fo

r re-

elec

tion

but s

hall

not b

e ta

ken

into

acc

ount

in

dete

rmin

ing

the

Dire

ctor

s w

ho a

re t

o re

tire

by r

otat

ion

at

the

mee

ting.

83.

No

amen

dmen

ts re

quire

d.

Page 96: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

92

88

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

67.

Rem

uner

atio

n of

Dire

ctor

s (a

) Th

e fe

es o

f the

Dire

ctor

s sh

all f

rom

tim

e to

tim

e be

de

term

ined

by

the

Com

pany

in g

ener

al m

eetin

g. T

hat f

ees

shal

l be

deem

ed to

acc

rue

from

day

to d

ay. T

he D

irect

ors

mus

t al

so b

e pa

id a

ll tra

velin

g , h

otel

, and

oth

er e

xpen

ses

prop

erly

incu

rred

by

them

in a

ttend

ing

and

retu

rnin

g fr

om

mee

tings

of t

he D

irect

ors

or a

ny c

omm

ittee

of t

he D

irect

ors

or g

ener

al m

eetin

gs o

f th

e C

ompa

ny o

r in

con

nect

ion

with

th

e bu

sine

ss o

f the

Com

pany

. (b

) Fe

es p

ayab

le to

non

exe

cutiv

e D

irect

ors

shal

l be

by

a fix

ed su

m a

nd n

ot b

y a

com

mis

sion

on,

or a

per

cent

age

of,

prof

its o

r tu

rnov

er. S

alar

ies

paya

ble

to D

irect

ors

who

hol

d ex

ecut

ive

offic

e in

th

e C

ompa

ny

may

no

t in

clud

e a

com

mis

sion

on

or p

erce

ntag

e of

turn

over

. (c

) In

crea

se In

Dire

ctor

s’ fe

es

Fees

pay

able

to

Dire

ctor

s sh

all

not

be i

ncre

ased

exc

ept

purs

uant

to a

reso

lutio

n pa

ssed

at a

gen

eral

mee

ting,

whe

re

notic

e of

the

prop

osed

incr

ease

has

bee

n gi

ven

in th

e no

tice

conv

enin

g th

e m

eetin

g. (

4) I

f a

Dire

ctor

is c

alle

d up

on b

y th

e B

oard

to

rend

er o

r pe

rfor

m s

peci

al o

r ex

traor

dina

ry

serv

ices

or

trave

l or

res

ide

abro

ad f

or a

ny b

usin

ess

or

purp

oses

of

the

Com

pany

, he

sha

ll be

ent

itled

to

rece

ive

such

sum

for

exp

ense

s an

d al

so s

uch

rem

uner

atio

n, n

ot

bein

g a

perc

enta

ge o

f pr

ofits

or

turn

over

, as

the

Boa

rd

dete

rmin

es. S

uch

rem

uner

atio

n m

ay b

e in

add

ition

to o

r in

su

bstit

utio

n fo

r any

oth

er re

mun

erat

ion

whi

ch th

at D

irect

or

is e

ntitl

ed to

rece

ive.

84.

Rem

uner

atio

n of

Dire

ctor

s (a

) Th

e fe

es a

nd a

ny b

enef

its p

ayab

le t

o th

e D

irect

ors

of

the

Com

pany

sha

ll fr

om t

ime

to t

ime

be d

eter

min

ed b

y th

e C

ompa

ny in

be

subj

ect

to a

nnua

l sha

reho

lder

app

rova

l at

a ge

nera

l mee

ting.

Tha

t fee

s sh

all b

e de

emed

to a

ccru

e fr

om d

ay

to d

ay. T

he D

irect

ors

mus

t als

o be

pai

d al

l tra

velin

g, h

otel

, and

ot

her

expe

nses

pro

perly

inc

urre

d by

the

m i

n at

tend

ing

and

retu

rnin

g fr

om m

eetin

gs o

f th

e D

irect

ors

or a

ny c

omm

ittee

of

the

Dire

ctor

s or

ge

nera

l m

eetin

gs

of

the

Com

pany

or

in

co

nnec

tion

with

the

busi

ness

of t

he C

ompa

ny.

(b)

Fees

pay

able

to

non

exec

utiv

e D

irect

ors

shal

l be

by

a fix

ed s

um a

nd n

ot b

y a

com

mis

sion

on,

or

a pe

rcen

tage

of,

prof

its o

r tu

rnov

er.

Sala

ries

paya

ble

to D

irect

ors

who

hol

d ex

ecut

ive

offic

e in

the

Com

pany

may

not

incl

ude

a co

mm

issi

on

on o

r per

cent

age

of tu

rnov

er.

(c)

Incr

ease

In D

irect

ors’

fees

Fe

es p

ayab

le to

Dire

ctor

s sh

all n

ot b

e in

crea

sed

exce

pt p

ursu

ant

to a

reso

lutio

n pa

ssed

at a

gen

eral

mee

ting,

whe

re n

otic

e of

the

prop

osed

inc

reas

e ha

s be

en g

iven

in

the

notic

e co

nven

ing

the

mee

ting.

(4) I

f a D

irect

or is

cal

led

upon

by

the

Boa

rd to

rend

er

or p

erfo

rm s

peci

al o

r ex

traor

dina

ry s

ervi

ces

or tr

avel

or

resi

de

abro

ad fo

r any

bus

ines

s or p

urpo

ses o

f the

Com

pany

, he

shal

l be

entit

led

to

rece

ive

such

su

m

for

expe

nses

an

d al

so

such

re

mun

erat

ion,

not

bei

ng a

per

cent

age

of p

rofit

s or

turn

over

, as

the

Boa

rd d

eter

min

es. S

uch

rem

uner

atio

n m

ay b

e in

add

ition

to

or in

subs

titut

ion

for a

ny o

ther

rem

uner

atio

n w

hich

that

Dire

ctor

is

ent

itled

to re

ceiv

e.

Page 97: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

92 93

89

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

68.

Dire

ctor

s’ q

ualif

icat

ion

Ther

e sh

all b

e no

shar

ehol

ding

qua

lific

atio

n fo

r Dire

ctor

s.

85.

No

amen

dmen

ts re

quire

d.

69.

Off

ice

of D

irect

or v

acat

ed in

cer

tain

cas

es

The

offic

e of

Dire

ctor

sha

ll ip

so fa

cto

beco

me

vaca

nt if

the

Dire

ctor

:- (a

) ce

ases

to b

e a

Dire

ctor

by

virtu

e of

the

Act

; (b

) be

com

es b

ankr

upt

or m

akes

an

arra

ngem

ent

or

com

posi

tion

with

its

cred

itors

gen

eral

ly d

urin

g hi

s te

rm o

f of

fice;

(c

) be

com

es p

rohi

bite

d fr

om ti

me

bein

g a

Dire

ctor

by

reas

on o

f any

ord

er m

ade

unde

r the

Act

; (d

) be

com

es o

f un

soun

d m

ind

or a

per

son

who

se

pers

on o

r est

ate

is li

able

to b

e de

alt w

ith in

any

way

und

er

the

law

s re

latin

g to

men

tal

diso

rder

dur

ing

his

term

of

offic

e;

(e)

resi

gns

his

offic

e by

no

tice

in

writ

ing

to

the

Com

pany

; (f

) is

dis

mis

sed

from

his

off

ice

by a

writ

ten

reso

lutio

n of

at l

east

75%

of h

is c

o-di

rect

ors;

(g

) w

ithou

t th

e co

nsen

t of

the

Com

pany

in

gene

ral

86.

Off

ice

of D

irect

or v

acat

ed in

cer

tain

cas

es

The

offic

e of

Dire

ctor

sha

ll ip

so f

acto

bec

ome

vaca

nt i

f th

e D

irect

or:-

(a)

ceas

es to

be

a D

irect

or b

y vi

rtue

of th

e A

ct;

(b)

beco

mes

ba

nkru

pt

or

mak

es

an

arra

ngem

ent

or

com

posi

tion

with

its

cre

dito

rs g

ener

ally

dur

ing

his

term

of

offic

e;

(c)

beco

mes

pro

hibi

ted

from

tim

e be

ing

a D

irect

or b

y re

ason

of a

ny o

rder

mad

e un

der t

he A

ct;

(d)

beco

mes

of u

nsou

nd m

ind

or a

per

son

who

se p

erso

n or

es

tate

is

liabl

e to

be

deal

t w

ith i

n an

y w

ay u

nder

the

law

s re

latin

g to

men

tal d

isor

der d

urin

g hi

s ter

m o

f off

ice;

(e

) re

sign

s his

off

ice

by n

otic

e in

writ

ing

to th

e C

ompa

ny;

(a)

falls

with

in t

he c

ircu

mst

ance

s se

t ou

t in

Sec

tion

208

of th

e A

ct;

(f) (

b)

is d

ism

isse

d fr

om h

is o

ffic

e by

a w

ritte

n re

solu

tion

of a

t le

ast 7

5% o

f his

co-

dire

ctor

s;

(g)(

c)

with

out t

he c

onse

nt o

f the

Com

pany

in g

ener

al m

eetin

g

Page 98: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

94

90

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

mee

ting

hold

any

oth

er o

ffice

of p

rofit

und

er th

e C

ompa

ny

exce

pt th

at o

f Man

agin

g or

Exe

cutiv

e D

irect

or,

(h)

is d

irect

ly o

r ind

irect

ly in

tere

sted

in a

ny c

ontra

ct o

r pr

opos

ed c

ontra

ct w

ith t

he C

ompa

ny a

nd f

ails

to

decl

are

the

natu

re o

f thi

s int

eres

t in

man

ner r

equi

red

by th

e A

ct; o

r (i)

is

dis

mis

sed

from

his

off

ice

by h

is fe

llow

dire

ctor

s on

acc

ount

of

his

failu

re t

o at

tend

at

leas

t 75

% o

f th

e m

eetin

gs o

f the

Boa

rd o

f Dire

ctor

s hel

d in

a fi

nanc

ial y

ear.

(j)

is a

bsen

t fro

m m

ore

than

50%

of t

he to

tal b

oard

of

dire

ctor

s’ m

eetin

gs h

eld

from

the

dat

e of

his

ele

ctio

n or

ap

poin

tmen

t as

a D

irect

or t

o th

e en

d of

the

the

n cu

rren

t fin

anci

al y

ear

of th

e C

ompa

ny, e

xcep

t whe

n an

exe

mpt

ion

or w

aive

r is

obt

aine

d fr

om t

he E

xcha

nge

or a

ny o

ther

re

leva

nt a

utho

ritie

s; o

r (k

) is

con

vict

ed b

y a

cour

t of l

aw, w

heth

er in

Mal

aysi

a or

els

ewhe

re, i

n re

latio

n to

any

of

the

offe

nces

set

out

in

Sect

ion

15.0

5 (1

) of t

he L

istin

g R

equi

rem

ents

as f

ollo

ws:

- (i)

an

of

fenc

e in

co

nnec

tion

with

th

e pr

omot

ion,

fo

rmat

ion

or m

anag

emen

t of a

com

pany

; (ii

) an

off

ence

invo

lvin

g fr

aud

or d

isho

nest

y or

whe

re

the

conv

ictio

n in

volv

ed a

find

ing

that

he

acte

d fr

audu

lent

ly

or d

isho

nest

ly; o

r (ii

i) an

off

ence

und

er t

he s

ecur

ities

law

s (m

eans

the

C

apita

l M

arke

ts a

nd S

ervi

ces

Act

, 20

07,

the

Secu

ritie

s In

dust

ry (C

entra

l Dep

osito

ries)

Act

, 199

1 an

d th

e Se

curit

ies

hold

any

oth

er o

ffic

e of

pro

fit u

nder

the

Com

pany

exc

ept t

hat o

f M

anag

ing

or E

xecu

tive

Dire

ctor

, (h

)(d)

is

dire

ctly

or

indi

rect

ly i

nter

este

d in

any

con

tract

or

prop

osed

con

tract

with

the

Com

pany

and

fai

ls t

o de

clar

e th

e na

ture

of t

his i

nter

est i

n m

anne

r req

uire

d by

the

Act

; (i)

(e)

is d

ism

isse

d fr

om h

is o

ffic

e by

his

fel

low

Dire

ctor

s on

ac

coun

t of

his

failu

re to

atte

nd a

t lea

st 7

5% o

f th

e m

eetin

gs o

f th

e B

oard

of D

irect

ors h

eld

in a

fina

ncia

l yea

r. (j)

(f)

is a

bsen

t fr

om m

ore

than

50%

of

the

tota

l B

oard

of

Dire

ctor

s’ m

eetin

gs h

eld

from

the

dat

e of

his

ele

ctio

n or

ap

poin

tmen

t as a

Dire

ctor

to th

e en

d of

the

then

cur

rent

fina

ncia

l ye

ar o

f th

e C

ompa

ny, e

xcep

t w

hen

an e

xem

ptio

n or

wai

ver

is

obta

ined

from

the

Exch

ange

or a

ny o

ther

rele

vant

aut

horit

ies;

or

(k)(

g)

is c

onvi

cted

by

a co

urt o

f la

w, w

heth

er in

Mal

aysi

a or

el

sew

here

, in

rela

tion

to a

ny o

f th

e of

fenc

es s

et o

ut in

Sec

tion

Para

grap

h 15

.05

(1) o

f the

Lis

ting

Req

uire

men

ts a

s fol

low

s:-

(i)

an o

ffen

ce in

con

nect

ion

with

the

prom

otio

n, fo

rmat

ion

or m

anag

emen

t of a

com

pany

; (ii

) an

off

ence

inv

olvi

ng b

ribe

ry,

frau

d or

dis

hone

sty

or

whe

re

the

conv

ictio

n in

volv

ed

a fin

ding

th

at

he

acte

d fr

audu

lent

ly o

r dis

hone

stly

; or

(iii)

an o

ffen

ce u

nder

the

secu

ritie

s la

ws

(mea

ns th

e C

apita

l M

arke

ts a

nd S

ervi

ces A

ct, 2

007,

the

Secu

ritie

s Ind

ustry

(Cen

tral

Dep

osito

ries)

Act

, 19

91 a

nd t

he S

ecur

ities

Com

mis

sion

Act

,

Page 99: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

94 95

91

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Com

mis

sion

Act

, 199

3) o

r the

Com

pani

es A

ct, 1

965.

19

93) o

r the

Com

pani

es A

ct, 1

965

2016

. 69

A.

Act

s don

e in

goo

d fa

ith b

y D

irect

or w

hose

off

ice

is v

acat

ed

Any

act

don

e in

goo

d fa

ith b

y a

Dire

ctor

who

se o

ffice

is

vaca

ted

as a

fore

said

sha

ll be

val

id u

nles

s pr

ior t

o th

e do

ing

of su

ch a

ct w

ritte

n no

tice

has b

een

serv

ed u

pon

the

Dire

ctor

or

an

entry

has

bee

n m

ade

in t

he D

irect

ors’

Min

ute

Boo

k st

atin

g th

at s

uch

Dire

ctor

has

cea

sed

to b

e a

Dire

ctor

of t

he

Com

pany

.

87.

No

amen

dmen

ts re

quire

d.

69B

. Th

e C

ompa

ny s

hall

at e

very

Ann

ual

Gen

eral

Mee

ting

revi

ew t

he s

uita

bilit

y of

any

Dire

ctor

who

has

fai

led

with

out v

alid

reas

on to

atte

nd a

t lea

st 7

5% o

f the

mee

tings

of

the

Boa

rd o

f D

irect

ors

held

in a

fina

ncia

l yea

r an

d sh

all

rem

ove

any

Dire

ctor

who

has

so

faile

d fo

r a

perio

d of

two

(2) c

onse

cutiv

e ye

ars.

88.

No

amen

dmen

ts re

quire

d.

POW

ER

S A

ND

DU

TIE

S O

F D

IREC

TO

RS

70.

(a)

Gen

eral

Pow

ers o

f Dire

ctor

s Th

e bu

sine

ss o

f th

e C

ompa

ny s

hall

be m

anag

ed b

y th

e D

irect

ors

who

may

pay

all

expe

nses

incu

rred

in p

rom

otin

g an

d re

gist

erin

g th

e C

ompa

ny,

and

may

exe

rcis

e al

l su

ch

pow

ers

of th

e C

ompa

ny a

s ar

e no

t, by

the

Act

or

by th

ese

regu

latio

ns r

equi

red

to b

e ex

erci

sed

by t

he C

ompa

ny i

n ge

nera

l m

eetin

g, s

ubje

ct,

neve

rthel

ess,

to a

ny o

f th

ese

regu

latio

ns,

to t

he p

rovi

sion

s of

the

Act

, an

d to

suc

h re

gula

tions

be

ing

not

inco

nsis

tent

w

ith

the

afor

esai

d re

gula

tions

or

prov

isio

ns a

s m

ay b

e pr

escr

ibed

by

the

Com

pany

in g

ener

al m

eetin

g sh

all i

nval

idat

e an

y pr

ior

act

of t

he D

irect

ors

whi

ch w

ould

hav

e be

en v

alid

if

that

re

gula

tion

had

not b

een

mad

e.

89.

(a)

Gen

eral

Pow

ers o

f Dire

ctor

s Th

e bu

sine

ss o

f the

Com

pany

shal

l be

man

aged

by

the

Dire

ctor

s w

ho m

ay p

ay a

ll ex

pens

es in

curr

ed in

pro

mot

ing

and

regi

ster

ing

the

Com

pany

, an

d m

ay

exer

cise

al

l su

ch

pow

ers

of

the

Com

pany

as

are

not,

by th

e A

ct o

r by

thes

e re

gula

tions

requ

ired

to b

e ex

erci

sed

by t

he C

ompa

ny i

n ge

nera

l m

eetin

g, s

ubje

ct,

neve

rthel

ess,

to a

ny o

f the

se re

gula

tions

, to

the

prov

isio

ns o

f the

A

ct,

and

to s

uch

regu

latio

ns b

eing

not

inc

onsi

sten

t w

ith t

he

afor

esai

d re

gula

tions

or

prov

isio

ns a

s m

ay b

e pr

escr

ibed

by

the

Com

pany

in g

ener

al m

eetin

g sh

all i

nval

idat

e an

y pr

ior a

ct o

f the

D

irect

ors w

hich

wou

ld h

ave

been

val

id if

that

regu

latio

n ha

d no

t be

en m

ade.

Page 100: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

96

92

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(b)

The

Dire

ctor

s sha

ll no

t, sa

ve w

ith th

e co

nsen

t of t

he

Com

pany

in

gene

ral

mee

ting,

dis

pose

of

a su

bsta

ntia

l po

rtion

of t

he C

ompa

ny’s

mai

n un

derta

king

or p

rope

rty.

(b)

The

Dire

ctor

s sh

all

not,

save

with

the

con

sent

of

the

Com

pany

in g

ener

al m

eetin

g, d

ispo

se o

f a s

ubst

antia

l por

tion

of

the

Com

pany

’s m

ain

unde

rtaki

ng o

r pro

perty

. (b

) T

he D

irec

tors

sha

ll no

t ent

er o

r ca

rry

into

eff

ect a

ny

arra

ngem

ent o

r tr

ansa

ctio

n fo

r—

(i) t

he a

cqui

sitio

n of

an

unde

rtak

ing

or p

rope

rty

of a

su

bsta

ntia

l val

ue; o

r (ii

) th

e di

spos

al o

f a

subs

tant

ial

port

ion

of t

he C

ompa

ny’s

un

dert

akin

g or

pro

pert

y un

less

-

(aa)

the

ente

ring

into

the

arra

ngem

ent

or t

rans

actio

n is

mad

e su

bjec

t to

the

app

rova

l of

the

Com

pany

by

way

of a

res

olut

ion;

or

(bb)

the

car

ryin

g in

to e

ffec

t of

the

arr

ange

men

t or

tr

ansa

ctio

n ha

s bee

n ap

prov

ed b

y th

e C

ompa

ny b

y w

ay o

f a r

esol

utio

n.

71

. (a

) D

irect

ors’

bor

row

ing

pow

ers

The

Dire

ctor

s m

ay e

xerc

ise a

ll th

e po

wer

s of

the

Com

pany

to

bor

row

mon

ey a

nd to

mor

tgag

e or

cha

rge

its u

nder

taki

ng,

prop

erty

, an

d un

calle

d ca

pita

l or

any

par

t th

ereo

f an

d to

is

sue

debe

ntur

es a

nd o

ther

sec

uriti

es w

heth

er o

utrig

ht o

r at

se

curit

y fo

r an

y de

bt,

liabi

lity,

or

ob

ligat

ion

of

the

Com

pany

PR

OV

IDED

TH

AT

the

Dire

ctor

s sh

all

not

borr

ow a

ny m

oney

or

mor

tgag

e or

cha

rge

any

of t

he

Com

pany

’s u

nder

taki

ng, p

rope

rty, o

r an

y un

calle

d ca

pita

l, or

to is

sue

debe

ntur

es a

nd o

ther

sec

uriti

es w

heth

er o

utrig

ht

or a

t se

curit

y fo

r an

y de

bt,

liabi

lity

or o

blig

atio

n of

an

90.

No

amen

dmen

ts re

quire

d.

Page 101: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

96 97

93

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

unre

late

d th

ird p

arty

. (b

) Is

sue

of n

otes

, etc

. Su

bjec

t to

the

Com

pany

’s a

ppro

val a

t gen

eral

mee

ting,

any

no

tes,

debe

ntur

es,

or o

ther

sec

uriti

es m

ay b

e is

sued

with

an

y sp

ecia

l priv

ilege

s as t

o re

dem

ptio

n, su

rren

der,

allo

tmen

t of

sha

res,

atte

ndin

g an

d vo

ting

at g

ener

al m

eetin

gs o

f th

e C

ompa

ny, a

ppoi

ntm

ent o

f Dire

ctor

s and

oth

erw

ise.

72.

Use

of o

ffic

ial s

eal

The

Dire

ctor

s m

ay e

xerc

ise a

ll th

e po

wer

s of

the

Com

pany

in

rela

tion

to a

ny o

ffic

ial s

eal (

or u

se o

utsi

de M

alay

sia

and

in re

latio

n to

bra

nch

regi

ster

s).

91.

No

amen

dmen

ts re

quire

d.

73.

Atto

rney

s Th

e D

irect

ors

may

fro

m ti

me

to ti

me

by p

ower

of

atto

rney

ap

poin

t any

cor

pora

tion,

firm

, or

pers

on o

r bo

dy o

f pe

rson

w

heth

er n

omin

ated

dire

ctly

or i

ndire

ctly

by

the

Dire

ctor

s, to

be

the

atto

rney

or

atto

rney

s of

the

Com

pany

for

suc

h pu

rpos

es a

nd w

ith s

uch

pow

ers,

auth

oriti

es a

nd d

iscr

etio

ns

(not

ex

ceed

ing

thos

e ve

sted

in

or

ex

erci

sabl

e by

th

e D

irect

ors

unde

r th

ese

regu

latio

ns)

and

for

such

per

iod

and

subj

ect t

o su

ch c

ondi

tions

as

they

may

thi

nk f

it, a

nd s

uch

pow

ers

deal

ing

with

any

suc

h at

torn

ey a

s th

e D

irect

ors

may

th

ink

fit a

nd m

ay a

lso

auth

oriz

e an

y su

ch a

ttorn

ey a

s th

e D

irect

ors

may

thi

nk f

it an

d m

ay a

lso

auth

oriz

e an

y su

ch

atto

rney

to

dele

gate

all

or a

ny o

f th

e po

wer

s, au

thor

ities

, an

d di

scre

tions

ves

ted

in h

im.

92.

No

amen

dmen

ts re

quire

d.

Page 102: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

98

94

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

74.

Sign

ing

nego

tiabl

e in

stru

men

ts a

nd re

ceip

ts

All

cheq

ues,

prom

isso

ry n

otes

, dra

fts, b

ill o

f exc

hang

e, a

nd

othe

r ne

gotia

ble

inst

rum

ents

, an

d al

l re

ceip

ts f

or m

oney

pa

id t

o th

e C

ompa

ny,

shal

l be

sig

ned,

dra

wn,

acc

epte

d,

endo

rsed

, or o

ther

wis

e ex

ecut

ed, a

s th

e ca

se m

ay b

e by

any

tw

o (2

) D

irect

ors

or in

suc

h ot

her

man

ner

as th

e D

irect

ors

from

tim

e to

tim

e de

term

ine.

93.

No

amen

dmen

ts re

quire

d.

75.

Dire

ctor

s to

caus

e m

inut

es to

be

mad

e Th

e D

irect

ors s

hall

caus

e m

inut

es to

be

mad

e:-

(a)

of a

ll ap

poin

tmen

ts o

f off

icer

s to

be

enga

ged

in th

e m

anag

emen

t of t

he C

ompa

ny a

ffai

rs;

(b)

of n

ames

of D

irect

ors

pres

ent a

t all

mee

tings

of t

he

Com

pany

and

of t

he D

irect

ors;

and

(c

) of

all

proc

eedi

ngs

at a

ll m

eetin

gs o

f th

e C

ompa

ny

and

of th

e D

irect

ors.

Such

min

utes

sha

ll be

sig

ned

by t

he c

hairm

an o

f th

e m

eetin

g at

whi

ch t

he p

roce

edin

gs w

ere

held

or

by t

he

chai

rman

of t

he n

ext s

ucce

edin

g m

eetin

g.

94.

No

amen

dmen

ts re

quire

d.

PRO

CE

ED

ING

S O

F D

IREC

TO

RS

76.

(a)

Proc

eedi

ngs,

mee

tings

of D

irect

ors a

nd q

uoru

m

The

Dire

ctor

s m

ay

mee

t to

geth

er f

or t

he d

espa

tch

of

busi

ness

adj

ourn

and

oth

erw

ise

regu

late

the

ir m

eetin

gs a

s th

ey t

hink

fit,

and

unl

ess

othe

rwis

e de

term

ined

by

the

Dire

ctor

s, th

e qu

orum

nec

essa

ry f

or t

he t

rans

actio

n of

95.

(a)

Proc

eedi

ngs,

mee

tings

of D

irect

ors a

nd q

uoru

m

The

Dire

ctor

s m

ay m

eet

toge

ther

for

the

des

patc

h of

bus

ines

s ad

jour

n an

d ot

herw

ise

regu

late

thei

r m

eetin

gs a

s th

ey th

ink

fit,

and

unle

ss o

ther

wis

e de

term

ined

by

the

Dire

ctor

s, th

e qu

orum

ne

cess

ary

for

the

trans

actio

n of

bus

ines

s sh

all

be f

our

(4)

Page 103: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

98 99

95

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

busi

ness

sha

ll be

four

(4) D

irect

ors.

A D

irect

or in

tere

sted

in

a co

ntra

ct o

r a

prop

osed

con

tract

or

arra

ngem

ent s

hall

not

be c

ount

ed fo

r the

pur

pose

s of d

eter

min

ing

a qu

orum

. (b

) N

o m

eetin

g of

the

Dire

ctor

s sh

all

be h

eld

outs

ide

Mal

aysi

a an

d th

e pr

ocee

ding

s of

any

mee

ting

purp

orte

d to

be

hel

d ou

tsid

e M

alay

sia

shal

l not

be

valid

. (c

) A

mee

ting

of t

he D

irect

ors

for

the

time

bein

g at

w

hich

a q

uoru

m is

pre

sent

shal

l be

com

pete

nt to

exe

rcis

e al

l or

any

of t

he a

utho

ritie

s po

wer

s an

d di

scre

tions

by

or u

nder

th

ese

Arti

cles

for t

he ti

me

bein

g ve

sted

in o

r exe

rcis

able

by

the

Dire

ctor

s gen

eral

ly.

Dire

ctor

s at

le

ast

half

of th

e B

oard

of

Dir

ecto

rs a

t the

tim

e be

ing.

A D

irect

or in

tere

sted

in a

con

tract

or a

pro

pose

d co

ntra

ct

or

arra

ngem

ent

shal

l no

t be

co

unte

d fo

r th

e pu

rpos

es

of

dete

rmin

ing

a qu

orum

. (b

) N

o m

eetin

g of

the

Dire

ctor

s sh

all

be h

eld

outs

ide

Mal

aysi

a an

d th

e pr

ocee

ding

s of

any

mee

ting

purp

orte

d to

be

held

out

side

Mal

aysi

a sh

all n

ot b

e va

lid.

(b)

A m

eetin

g of

the

Dire

ctor

s for

the

time

bein

g at

whi

ch a

qu

orum

is p

rese

nt s

hall

be c

ompe

tent

to e

xerc

ise

all o

r an

y of

th

e au

thor

ities

pow

ers

and

disc

retio

ns b

y or

und

er th

ese

Arti

cles

R

ules

for

the

tim

e be

ing

vest

ed i

n or

exe

rcis

able

by

the

Dire

ctor

s gen

eral

ly.

[New

Rul

e]

96.

Mee

ting

of

the

Dir

ecto

rs

by

Inst

anta

neou

s T

elec

omm

unic

atio

n D

evic

e (a

) A m

eetin

g of

the

Dir

ecto

rs m

ay b

e he

ld e

ither

(i) b

y a

num

ber

of th

e D

irec

tors

who

con

stitu

te a

quo

rum

, be

ing

asse

mbl

ed t

oget

her

at t

he p

lace

, dat

e, a

nd t

ime

appo

inte

d fo

r th

e m

eetin

g; o

r

(ii) b

y m

eans

of a

udio

, or

audi

o an

d vi

sual

, com

mun

icat

ion

by w

hich

all

Dir

ecto

rs p

artic

ipat

ing

and

cons

titut

ing

a qu

orum

ca

n si

mul

tane

ousl

y he

ar

each

ot

her

thro

ugho

ut th

e m

eetin

g.

(b)

Part

icip

atio

n by

a p

erso

n in

a m

eetin

g by

mea

ns o

f au

dio,

or

audi

o an

d vi

sual

, com

mun

icat

ion

faci

litie

s sh

all b

e tr

eate

d as

pre

senc

e in

per

son

by t

hat

pers

on a

t th

e sa

id

mee

ting

and

shal

l be

co

unte

d to

war

ds

the

quor

um

notw

ithst

andi

ng t

he f

act t

hat h

e is

not

phy

sica

lly p

rese

nt a

t

Page 104: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

100

96

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

the

venu

e w

here

the

mee

ting

is to

be

held

. (c

) For

avo

idan

ce o

f do

ubt,

such

a m

eetin

g sh

all b

e de

emed

to

be

held

at t

he p

lace

whe

re th

e ch

airp

erso

n of

the

mee

ting

is a

t the

star

t of t

he m

eetin

g.

(d)

Such

a m

eetin

g sh

all n

ot b

e de

emed

to

have

pro

ceed

ed

for

such

per

iod

or p

erio

ds w

here

the

aud

io,

or a

udio

and

vi

sual

, com

mun

icat

ion

faci

litie

s hav

e be

en d

iscon

nect

ed.

(e) T

he c

hair

pers

on sh

all h

ave

the

disc

retio

n to

pos

tpon

e th

e m

eetin

g w

hich

had

bee

n di

scon

nect

ed a

nd w

hich

can

not

be

reco

nnec

ted

with

in a

rea

sona

ble

time,

to

anot

her

date

and

tim

e to

be

agre

ed b

y th

e pa

rtic

ipan

ts o

f the

mee

ting.

[N

ew R

ule]

97

. V

otes

of t

he D

irec

tors

(a

) Eac

h D

irec

tor

pres

ent a

t a m

eetin

g of

the

Dir

ecto

rs s

hall

have

one

(1) v

ote.

(b

) A

Dir

ecto

r pr

esen

t at

a m

eetin

g of

the

Dir

ecto

rs i

s pr

esum

ed to

hav

e ag

reed

to a

nd to

hav

e vo

ted

in fa

vour

of a

re

solu

tion

of th

e D

irec

tors

unl

ess

he e

xpre

ssly

diss

ents

from

or

vot

es a

gain

st th

e re

solu

tion

at th

e m

eetin

g.

77

. (a

) D

irect

ors m

ay c

ontra

ct w

ith th

e C

ompa

ny

No

Dire

ctor

or

inte

ndin

g D

irect

or s

hall

be d

isqu

alifi

ed b

y re

ason

of h

is o

ffic

e fr

om h

oldi

ng a

ny

othe

r of

fice

or

plac

e of

pro

fit u

nder

the

Com

pany

(ot

her

than

tha

t of

au

dito

r) o

r un

der

any

com

pany

in

w

hich

the

Com

pany

98.

(a)

Dire

ctor

s may

con

tract

with

the

Com

pany

N

o D

irect

or o

r int

endi

ng D

irect

or sh

all b

e di

squa

lifie

d by

reas

on

of h

is o

ffic

e fr

om h

oldi

ng a

ny o

ther

off

ice

or p

lace

of

prof

it un

der

the

Com

pany

(ot

her

than

tha

t of

aud

itor)

or

unde

r an

y co

mpa

ny i

n w

hich

the

Com

pany

sha

ll be

a s

hare

hold

er o

r

Page 105: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

100 101

97

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

shal

l be

a s

hare

hold

er o

r ot

herw

ise

inte

rest

ed o

r fr

om

cont

ract

ing

with

the

Com

pany

eith

er w

ith r

egar

d to

his

te

nure

of

any

such

off

ice

or p

lace

of

prof

it or

as

vend

or,

purc

hase

r or

oth

erw

ise

nor

shal

l an

y su

ch c

ontra

ct o

r an

y pr

opos

ed c

ontra

ct o

r ar

rang

emen

t en

tere

d in

to b

y or

on

beha

lf of

the

Com

pany

in w

hich

any

Dire

ctor

is in

any

way

in

tere

sted

be

liabl

e to

be

avoi

ded

nor

shal

l any

Dire

ctor

so

cont

ract

ing

or b

eing

so

inte

rest

ed b

e lia

ble

to a

ccou

nt to

the

Com

pany

for

any

pro

fit r

ealiz

ed b

y an

y su

ch c

ontra

ct o

r ar

rang

emen

t by

reas

on o

f su

ch D

irect

or h

oldi

ng th

at o

ffic

e or

of t

he fi

duci

ary.

(b

) N

o vo

ting

in re

spec

t of c

ontra

ct o

f whi

ch a

Dire

ctor

is

inte

rest

ed

A D

irect

or s

hall

not

vote

in

resp

ect

of a

ny c

ontra

ct o

r pr

opos

ed c

ontra

ct o

r ar

rang

emen

t in

whi

ch h

e is

inte

rest

ed

dire

ctly

or i

ndire

ctly

and

if h

e sh

all d

o so

his

vot

e sh

all n

ot

be c

ount

ed.

(c)

A g

ener

al n

otic

e gi

ven

to t

he D

irect

ors

by a

ny

Dire

ctor

to th

at e

ffec

t tha

t he

is a

mem

ber

of a

ny s

peci

fied

com

pany

or

firm

and

is to

be

rega

rded

as

inte

rest

ed in

any

co

ntra

ct w

hich

may

ther

eafte

r be

mad

e w

ith th

at c

ompa

ny

or f

irm s

hall

be d

eem

ed a

suf

ficie

nt d

ecla

ratio

n of

inte

rest

in

rela

tion

to a

ny c

ontra

ct so

mad

e.

othe

rwis

e i

nter

este

d o

r f

rom

con

tract

ing

with

the

Com

pany

ei

ther

with

reg

ard

to h

is te

nure

of

any

such

off

ice

or p

lace

of

prof

it or

as

vend

or, p

urch

aser

or

othe

rwis

e no

r sh

all

any

such

co

ntra

ct o

r an

y pr

opos

ed c

ontra

ct o

r ar

rang

emen

t en

tere

d in

to

by o

r on

beha

lf of

the

Com

pany

in w

hich

any

Dire

ctor

is in

any

w

ay in

tere

sted

be

liabl

e to

be

avoi

ded

nor s

hall

any

Dire

ctor

so

cont

ract

ing

or b

eing

so

inte

rest

ed b

e lia

ble

to a

ccou

nt t

o th

e C

ompa

ny f

or a

ny p

rofit

rea

lized

by

any

such

con

tract

or

arra

ngem

ent b

y re

ason

of s

uch

Dire

ctor

hol

ding

that

off

ice

or o

f th

e fid

ucia

ry r

elat

ion

ther

eby

esta

blis

hed

prov

ided

alw

ays

that

Sec

tion

221

and

all o

ther

rel

evan

t pro

visio

ns o

f the

Act

an

d th

ese

Rul

es a

re c

ompl

ied

with

. (b

) N

o vo

ting

in r

espe

ct o

f co

ntra

ct o

f w

hich

a D

irect

or is

in

tere

sted

A

Dire

ctor

sha

ll no

t vot

e in

resp

ect o

f any

con

tract

or p

ropo

sed

cont

ract

or

arra

ngem

ent

in w

hich

he

is i

nter

este

d di

rect

ly o

r in

dire

ctly

and

if h

e sh

all d

o so

his

vot

e sh

all n

ot b

e co

unte

d.

(c)

A g

ener

al n

otic

e gi

ven

to th

e D

irect

ors

by a

ny D

irect

or

to th

at e

ffec

t tha

t he

is a

mem

ber

of a

ny s

peci

fied

com

pany

or

firm

and

is

to b

e re

gard

ed a

s in

tere

sted

in a

ny c

ontra

ct w

hich

m

ay t

here

afte

r be

mad

e w

ith t

hat

com

pany

or

firm

sha

ll be

de

emed

a s

uffic

ient

dec

lara

tion

of i

nter

est

in r

elat

ion

to a

ny

cont

ract

so m

ade.

78.

Cha

irman

ent

itled

to c

astin

g vo

te

Que

stio

ns a

risin

g at

any

mee

ting

shal

l be

dec

ided

by

a m

ajor

ity o

f vo

tes.

In c

ase

of a

n eq

ualit

y of

vot

es,

the

Cha

irman

(if

he i

s al

so t

he C

hairm

an o

f th

e B

oard

of

99.

Cha

irman

ent

itled

to c

astin

g vo

te

Que

stio

ns a

risin

g at

any

mee

ting

shal

l be

deci

ded

by a

maj

ority

of

vot

es. I

n ca

se o

f an

equ

ality

of

vote

s, th

e C

hairm

an (

if he

is

also

the

Cha

irman

of t

he B

oard

of D

irect

ors)

shal

l hav

e a

seco

nd

Page 106: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

102

98

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Dire

ctor

s) s

hall

have

a s

econ

d or

cas

ting

vote

PR

OV

IDED

TH

AT

whe

re t

he q

uoru

m i

s re

duce

d to

les

s th

an f

our

(4)

purs

uant

to

Arti

cle

76 (

a) t

he C

hairm

an s

hall

not

have

a

cast

ing

vote

in th

e fo

llow

ing

circ

umst

ance

s:

(a)

at a

mee

ting

at w

hich

onl

y tw

o (2

) D

irect

ors

are

com

pete

nt to

vot

e on

the

ques

tion

at is

sue;

(b

) at

a m

eetin

g at

whi

ch th

e qu

orum

is re

duce

d to

two

(2).

or

cast

ing

vote

PR

OV

IDED

TH

AT

whe

re

the

quor

um

is

redu

ced

to le

ss th

an fo

ur (4

) pur

suan

t to

Arti

cle

76 (a

) R

ule

95

(a)

the

Cha

irman

sha

ll no

t hav

e a

cast

ing

vote

in th

e fo

llow

ing

circ

umst

ance

s:

(a)

at a

mee

ting

at w

hich

onl

y tw

o (2

) D

irect

ors

are

com

pete

nt to

vot

e on

the

ques

tion

at is

sue;

(b

) at

a m

eetin

g at

whi

ch th

e qu

orum

is re

duce

d to

two

(2).

79.

App

oint

men

t of a

ltern

ate

Dire

ctor

A

ny D

irect

or (o

ther

than

an

alte

rnat

e D

irect

or) m

ay a

ppoi

nt

any

pers

on a

ppro

ved

by a

maj

ority

of

his

co-D

irect

ors

and

will

ing

to a

ct, t

o be

an

alte

rnat

e D

irect

or a

nd m

ay r

emov

e fr

om o

ffic

e an

alte

rnat

e D

irect

or s

o ap

poin

ted

by h

im,

prov

ided

that

any

fee

paid

by

the

Com

pany

to th

e al

tern

ate

Dire

ctor

sh

all

be

dedu

cted

fr

om

that

D

irect

or’s

re

mun

erat

ion.

100.

App

oint

men

t of A

ltern

ate

Dire

ctor

A

ny D

irect

or (o

ther

than

an

alte

rnat

e D

irect

or) m

ay a

ppoi

nt a

ny

pers

on a

ppro

ved

by a

maj

ority

of h

is c

o-D

irect

ors a

nd w

illin

g to

ac

t, to

be

an a

ltern

ate

Dire

ctor

and

may

rem

ove

from

off

ice

an

alte

rnat

e D

irect

or s

o ap

poin

ted

by h

im,

prov

ided

tha

t an

y fe

e pa

id b

y th

e C

ompa

ny to

the

alte

rnat

e D

irect

or s

hall

be d

educ

ted

from

that

Dire

ctor

’s re

mun

erat

ion.

A

ny

Dir

ecto

r (o

ther

th

an

an

Alte

rnat

e D

irec

tor)

m

ay

appo

int a

ny p

erso

n to

act

as h

is al

tern

ate

prov

ided

that

: (a

) su

ch a

per

son

is n

ot a

Dir

ecto

r of

the

Com

pany

; (b

) su

ch a

per

son

does

not

act

as

an a

ltern

ate

for

mor

e th

an o

ne D

irec

tor

of th

e C

ompa

ny;

(c)

the

appo

intm

ent i

s ap

prov

ed b

y a

maj

ority

of h

is co

-D

irec

tors

; (d

) su

ch p

erso

n is

will

ing

to a

ct,

to b

e an

Alte

rnat

e D

irec

tor;

Page 107: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

102 103

99

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(e)

such

Alte

rnat

e D

irec

tor

may

be

rem

oved

fro

m o

ffic

e by

the

Dir

ecto

r so

app

oint

ed h

im; a

nd

(f)

any

fee

paid

by

th

e C

ompa

ny

to

the

Alte

rnat

e D

irec

tor

shal

l be

de

duct

ed

from

th

at

Dir

ecto

r’s

rem

uner

atio

n.

80

. (a

) C

allin

g of

mee

tings

A

ny t

wo

(2)

Dire

ctor

s m

ay a

t an

y tim

e an

d th

e Se

cret

ary

upon

the

requ

est o

f the

Dire

ctor

s sha

ll co

nven

e a

mee

ting

of

the

Dire

ctor

s. (b

) Ex

cept

as

prov

ided

und

er s

ub-a

rticl

e (c

), a

Dire

ctor

w

ho i

s at

any

tim

e no

t in

Mal

aysi

a sh

all

not

durin

g su

ch

time

be e

ntitl

ed to

not

ice

of a

ny su

ch m

eetin

g.

(c)

A n

otic

e of

a m

eetin

g of

Dire

ctor

s sh

all i

n th

e ca

se

of a

fore

ign

Dire

ctor

be

sent

to h

is a

ddre

ss in

Mal

aysi

a.

101.

(a)

Cal

ling

of m

eetin

gs

Any

two

(2)

Dire

ctor

s m

ay a

t any

tim

e an

d th

e Se

cret

ary

upon

th

e re

ques

t of

the

Dire

ctor

s sh

all

conv

ene

a m

eetin

g of

the

D

irect

ors.

(b)

Exce

pt a

s pr

ovid

ed u

nder

sub

-arti

cle

sub-

rule

(c)

, a

Dire

ctor

who

is

at a

ny t

ime

not

in M

alay

sia

shal

l no

t du

ring

such

tim

e be

ent

itled

to n

otic

e of

any

such

mee

ting.

(c

) A

not

ice

of a

mee

ting

of D

irect

ors

shal

l in

the

case

of a

fo

reig

n D

irect

or b

e se

nt to

his

add

ress

in M

alay

sia.

81.

Vac

anci

es in

Boa

rd

The

cont

inui

ng D

irect

ors

may

act

not

with

stan

ding

any

va

canc

y in

thei

r bod

y, b

ut if

and

so

long

as

thei

r num

ber i

s re

duce

d be

low

the

min

imum

num

ber f

ixed

by

or p

ursu

ant t

o th

e re

gula

tions

of

the

com

pany

, th

e co

ntin

uing

Dire

ctor

s m

ay, e

xcep

t in

an

emer

genc

y, a

ct o

nly

for

the

purp

ose

of

incr

easi

ng

the

num

ber

of

Dire

ctor

s to

su

ch

min

imum

nu

mbe

r, or

to su

mm

on a

gen

eral

mee

ting

of th

e co

mpa

ny.

102.

No

amen

dmen

ts re

quire

d.

Page 108: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

104

100

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

82.

Dire

ctor

s may

del

egat

e th

eir p

ower

s Th

e D

irect

ors

may

de

lega

te

any

of

thei

r po

wer

s to

co

mm

ittee

s co

nsis

ting

of s

uch

mem

ber o

r mem

bers

of t

heir

body

or

of s

uch

othe

r pe

rson

or

pers

ons

as t

hey

thin

k fit

, an

y co

mm

ittee

so fo

rmed

shal

l in

the

exer

cise

of t

he p

ower

s so

del

egat

ed c

onfo

rm t

o an

y re

gula

tions

tha

t m

ay b

e im

pose

d on

it b

y th

e D

irect

ors.

103.

No

amen

dmen

ts re

quire

d.

83.

Mee

tings

of C

omm

ittee

s (a

) Th

e m

eetin

gs

and

proc

eedi

ngs

of

any

such

co

mm

ittee

con

sisti

ng o

f tw

o (2

) or

mor

e m

embe

rs s

hall

be

gove

rned

by

the

prov

isio

ns h

erei

n co

ntai

ned

for

regu

latin

g th

e m

eetin

gs a

nd p

roce

edin

gs o

f the

Dire

ctor

s so

far a

s th

e sa

me

are

appl

icab

le th

eret

o an

d ar

e no

t sup

erse

ded

by a

ny

regu

latio

ns m

ade

by th

e D

irect

ors u

nder

this

Arti

cle.

(b

) Th

e qu

orum

ne

cess

ary

for

any

mee

ting

and

proc

eedi

ng o

f any

suc

h co

mm

ittee

sha

ll co

nsis

ts o

f any

two

(2) m

embe

rs o

f the

com

mitt

ee.

104.

Mee

tings

of C

omm

ittee

s (a

) Th

e m

eetin

gs a

nd p

roce

edin

gs o

f an

y su

ch c

omm

ittee

co

nsis

ting

of tw

o (2

) or m

ore

mem

bers

sha

ll be

gov

erne

d by

the

prov

isio

ns h

erei

n co

ntai

ned

for

regu

latin

g th

e m

eetin

gs a

nd

proc

eedi

ngs

of t

he D

irect

ors

so f

ar a

s th

e sa

me

are

appl

icab

le

ther

eto

and

are

not s

uper

sede

d by

any

reg

ulat

ions

mad

e by

the

Dire

ctor

s und

er th

is A

rticl

e R

ule.

(b

) Th

e qu

orum

nec

essa

ry f

or a

ny m

eetin

g an

d pr

ocee

ding

of

any

suc

h co

mm

ittee

sha

ll co

nsis

ts o

f any

two

(2) m

embe

rs o

f th

e co

mm

ittee

.

84.

Val

idity

of a

cts o

f Dire

ctor

s A

ll ac

ts d

one

by a

ny m

eetin

g of

the

Dire

ctor

s or

of

a co

mm

ittee

of

Dire

ctor

s or

by

any

pers

on a

ctin

g as

a

Dire

ctor

or

by a

ny o

ther

com

mitt

ee s

hall,

not

with

stan

ding

th

at it

is a

fterw

ards

dis

cove

red

that

ther

e w

as s

ome

defe

ct

in th

e ap

poin

tmen

t of a

ny s

uch

Dire

ctor

or p

erso

n ac

ting

as

afor

esai

d, o

r tha

t the

y or

any

of t

hem

wer

e di

squa

lifie

d, b

e as

val

id a

s if

ever

y su

ch p

erso

n ha

d be

en d

uly

appo

inte

d an

d w

as q

ualif

ied

to b

e a

Dire

ctor

or

a m

embe

r of

suc

h ot

her c

omm

ittee

.

105.

Val

idity

of a

cts o

f Dire

ctor

s A

ll ac

ts d

one

by a

ny m

eetin

g of

the

Dire

ctor

s or

of a

com

mitt

ee

of D

irect

ors

or b

y an

y pe

rson

act

ing

as a

Dire

ctor

, Man

ager

, or

S ecr

etar

y or

by

any

othe

r com

mitt

ee sh

all,

notw

ithst

andi

ng th

at

it is

afte

rwar

ds d

isco

vere

d th

at t

here

was

som

e de

fect

in

the

appo

intm

ent o

f any

suc

h D

irect

or o

r per

son

actin

g as

afo

resa

id,

or th

at th

ey o

r an

y of

them

wer

e di

squa

lifie

d, b

e as

val

id a

s if

ever

y su

ch p

erso

n ha

d be

en d

uly

appo

inte

d an

d w

as q

ualif

ied

to

be a

Dire

ctor

or

a m

embe

r of

suc

h ot

her

com

mitt

ee. P

rovi

ded

alw

ays

that

not

hing

in

this

Rul

e sh

all

be d

eem

ed t

o gi

ve

Page 109: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

104 105

101

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

va

lidity

to

ac

ts

done

by

su

ch

Dir

ecto

rs,

com

mitt

ee

or

Man

ager

or

Secr

etar

y or

per

sons

act

ing

as a

fore

said

aft

er it

ha

d be

en d

isco

vere

d th

at t

here

was

som

e de

fect

in

such

ap

poin

tmen

t or

that

they

or

any

of th

em w

ere

disq

ualif

ied.

85.

Res

olut

ion

sign

ed b

y D

irect

ors t

o be

val

id

A r

esol

utio

n in

writ

ing,

sig

ned

by a

ll th

e D

irect

ors

for

the

time

bein

g pr

esen

t in

Mal

aysi

a an

d en

title

d to

rece

ive

notic

e of

a

mee

ting

of

the

Dire

ctor

s or

of

a

com

mitt

ee

of

Dire

ctor

s, sh

all

be a

s va

lid a

nd e

ffec

tual

as

if ev

ery

such

pe

rson

had

bee

n du

ly a

ppoi

nted

and

was

qua

lifie

d to

be

a D

irect

or o

r a m

embe

r of s

uch

othe

r com

mitt

ee.

106.

Res

olut

ion

sign

ed b

y D

irect

ors t

o be

val

id

(a)

A r

esol

utio

n in

writ

ing,

sig

ned

by a

ll th

e D

irect

ors

for

the

time

bein

g pr

esen

t in

Mal

aysi

a an

d en

title

d to

rece

ive

notic

e of

a

mee

ting

of th

e D

irect

ors o

r of a

com

mitt

ee o

f Dire

ctor

s, sh

all b

e as

val

id a

nd e

ffec

tual

as

if it

ever

y su

ch p

erso

n ha

d be

en d

uly

appo

inte

d an

d w

as q

ualif

ied

to b

e a

Dire

ctor

or

a m

embe

r of

su

ch o

ther

com

mitt

ee.

had

been

pas

sed

at a

mee

ting

of t

he

Dir

ecto

rs d

uly

calle

d an

d co

nstit

uted

. (b

) A

ny s

uch

reso

lutio

n m

ay c

onsis

t of

sev

eral

doc

umen

ts,

incl

udin

g fa

csim

ile

or

othe

r sim

ilar

mea

ns

of

com

mun

icat

ion,

in s

imila

r fo

rm a

nd e

ach

docu

men

t sha

ll be

si

gned

or

asse

nted

to b

y on

e or

mor

e D

irec

tors

, all

of w

hich

ta

ken

toge

ther

and

whe

n de

liver

ed t

o th

e Se

cret

ary

shal

l co

nstit

ute

one

and

the

sam

e re

solu

tion.

(c

) A

cop

y of

any

suc

h re

solu

tion

shal

l be

ent

ered

in

the

min

ute

book

of b

oard

pro

ceed

ings

.

MA

NA

GIN

G D

IREC

TO

R

86.

App

oint

men

t of M

anag

ing

or E

xecu

tive

Dire

ctor

Su

bjec

t to

Arti

cle

4 he

reof

, the

Dire

ctor

s m

ay fr

om ti

me

to

time

appo

int o

ne o

f the

ir bo

dy to

the

offic

e of

man

agin

g or

ex

ecut

ive

Dire

ctor

for

suc

h pe

riod

and

on s

uch

term

s as

th

ey th

ink

fit b

ut if

the

appo

intm

ent i

s fo

r a

fixed

term

the

107.

App

oint

men

t of M

anag

ing

or E

xecu

tive

Dire

ctor

(a

) Sub

ject

to A

rticl

e 4

Rul

e 10

her

eof,

the

Dire

ctor

s m

ay fr

om

time

to ti

me

appo

int o

ne o

f the

ir bo

dy to

the

offic

e of

Man

agin

g or

Exe

cutiv

e D

irect

or fo

r suc

h pe

riod

and

on s

uch

term

s as

they

th

ink

fit b

ut if

the

appo

intm

ent i

s fo

r a fi

xed

term

the

term

sha

ll

Page 110: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

106

102

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

term

sha

ll no

t ex

ceed

thr

ee (

3) y

ears

and

sub

ject

to

the

term

s of

any

agr

eem

ent e

nter

ed in

to in

any

par

ticul

ar c

ase

may

revo

ke a

ny su

ch a

ppoi

ntm

ent.

A D

irect

or so

app

oint

ed

shal

l not

, whi

le h

oldi

ng th

at o

ffic

e, b

e su

bjec

t to

retir

emen

t by

rot

atio

n or

be

take

n in

to a

ccou

nt i

n de

term

inin

g th

e ro

tatio

n of

ret

irem

ent

of D

irect

ors,

but

his

appo

intm

ent

shal

l be

aut

omat

ical

ly d

eter

min

ed i

f he

cea

ses

from

any

ca

use

to b

e a

Dire

ctor

.

not

exce

ed t

hree

(3)

yea

rs a

nd s

ubje

ct t

o th

e te

rms

of a

ny

agre

emen

t en

tere

d in

to i

n an

y pa

rticu

lar

case

may

rev

oke

any

such

app

oint

men

t. A

Dire

ctor

so

appo

inte

d sh

all

not,

whi

le

hold

ing

that

off

ice,

be

subj

ect

to r

etire

men

t by

rot

atio

n or

be

take

n in

to a

ccou

nt in

det

erm

inin

g th

e ro

tatio

n of

ret

irem

ent o

f D

irect

ors,

but

his

appo

intm

ent

shal

l be

au

tom

atic

ally

de

term

ined

if h

e ce

ases

from

any

cau

se to

be

a D

irect

or.

( b)

A M

anag

ing

Dir

ecto

r, o

r a

pers

on p

erfo

rmin

g th

e fu

nctio

ns o

f a M

anag

ing

Dir

ecto

r, b

y w

hate

ver

nam

e ca

lled,

sh

all b

e su

bjec

t to

the

cont

rol o

f the

Dir

ecto

rs.

87

. Po

wer

s Th

e D

irect

ors

may

ent

rust

to a

nd c

onfe

r up

on a

man

agin

g or

exe

cutiv

e D

irect

or o

r any

off

icer

of t

he c

ompa

ny fo

r the

tim

e be

ing

any

of t

he p

ower

s ex

erci

sabl

e by

the

m u

pon

such

term

s an

d co

nditi

ons a

nd w

ith su

ch re

stric

tions

as

they

m

ay th

ink

fit, a

nd e

ither

col

late

rally

with

or t

o th

e ex

clus

ion

of t

heir

own

pow

ers

and

may

fro

m t

ime

to t

ime

revo

ke,

with

draw

, alte

r, or

var

y al

l or a

ny o

f tho

se p

ower

s.

108.

No

amen

dmen

ts re

quire

d.

SEC

RE

TA

RY

88

. (a

) Se

cret

ary

The

Secr

etar

y sh

all

be a

ppoi

nted

by

the

Dire

ctor

s in

ac

cord

ance

w

ith

the

Act

, fo

r su

ch

term

, at

su

ch

rem

uner

atio

n, a

nd u

pon

such

con

ditio

ns a

s th

ey m

ay th

ink

fit;

and

any

Secr

etar

y so

app

oint

ed m

ay b

e re

mov

ed b

y th

em.

(b)

If th

ough

t fit

by

the

Dire

ctor

s, tw

o (2

) or

mor

e pe

rson

s may

be

appo

inte

d as

join

t sec

reta

ries.

109.

(a)

Secr

etar

y (a

) Th

e Se

cret

ary

shal

l be

app

oint

ed b

y th

e D

irect

ors

in

acco

rdan

ce

with

th

e A

ct,

for

such

te

rm,

at

such

re

mun

erat

ion,

and

upo

n su

ch c

ondi

tions

as

they

may

thin

k fit

; an

d an

y Se

cret

ary

so a

ppoi

nted

may

be

rem

oved

by

them

. (b

) If

thou

ght

deem

ed f

it by

the

Dire

ctor

s, tw

o (2

) or

mor

e pe

rson

s may

be

appo

inte

d as

join

t Sec

reta

ries.

Page 111: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

106 107

103

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(c)

The

Dire

ctor

s m

ay a

lso

appo

int

an A

ssis

tant

or

Dep

uty

Secr

etar

y an

d th

e fo

rego

ing

prov

isio

ns o

f th

is

Arti

cle

shal

l app

ly in

rela

tion

to su

ch o

ffic

e.

(c)

The

Dire

ctor

s m

ay a

lso

appo

int

an A

ssis

tant

or

Dep

uty

Secr

etar

y an

d th

e fo

rego

ing

prov

isio

ns o

f thi

s A

rticl

e R

ule

shal

l ap

ply

in re

latio

n to

such

off

ice.

SEA

L

89.

Seal

to

be u

sed

only

with

aut

horit

y of

Dire

ctor

s an

d th

e in

stru

men

ts t

o be

sig

ned

by o

ne D

irect

or a

nd c

ount

er-

sign

ed

The

Dire

ctor

s sh

all p

rovi

de fo

r the

saf

e cu

stod

y of

the

seal

, w

hich

shal

l onl

y be

use

d by

the

auth

ority

of t

he D

irect

ors o

r of

a c

omm

ittee

of

the

Dire

ctor

s au

thor

ized

by

the

dire

cts

into

that

beh

alf,

and

ever

y in

stru

men

t to

whi

ch th

e se

al is

af

fixed

sh

all

be

sign

ed

by

a D

irect

or

and

shal

l be

co

unte

rsig

ned

by t

he s

ecre

tary

or

by a

sec

ond

Dire

ctor

or

by s

ome

othe

r pe

rson

app

oint

ed b

y th

e D

irect

ors

for

the

purp

ose.

110.

Seal

to

be u

sed

only

with

aut

horit

y of

Dire

ctor

s an

d th

e in

stru

men

ts to

be

sign

ed b

y on

e D

irect

or a

nd c

ount

er-s

igne

d Th

e D

irect

ors

shal

l pr

ovid

e fo

r th

e sa

fe c

usto

dy o

f th

e Se

al,

whi

ch sh

all o

nly

be u

sed

by th

e au

thor

ity o

f the

Dire

ctor

s or o

f a

com

mitt

ee

of

the

Dire

ctor

s au

thor

ized

au

thor

ised

by

the

Dire

ctor

s in

that

beh

alf,

and

ever

y in

stru

men

t to

whi

ch th

e Se

al

is

affix

ed

shal

l be

si

gned

by

a

Dire

ctor

an

d sh

all

be

coun

ters

igne

d by

the

Sec

reta

ry o

r by

a s

econ

d D

irect

or o

r by

so

me

othe

r per

son

appo

inte

d by

the

Dire

ctor

s for

the

purp

ose.

89A

Sh

are

Seal

Th

e C

ompa

ny s

hall

have

a “

Shar

e Se

al”

purs

uant

to th

e A

ct

whi

ch i

s fo

r th

e so

le a

nd s

peci

fic u

se o

n th

e C

ompa

ny’s

sh

are

certi

ficat

es. S

uch

Shar

e Se

al s

hall

not b

e af

fixed

ont

o an

y sh

are

certi

ficat

es e

xcep

t by

a re

solu

tion

of th

e B

oard

of

Dire

ctor

s pr

evio

usly

giv

en a

nd i

n th

e pr

esen

ce o

f on

e D

irect

or a

nd o

f the

se

cret

ary

or s

uch

othe

r pe

rson

as

the

Dire

ctor

s m

ay a

ppoi

nt.

Such

Dire

ctor

and

Sec

reta

ry o

r ot

her

pers

on a

s af

ores

aid

shal

l ei

ther

phy

sica

lly s

ign

or

caus

e a

facs

imile

of

thei

r si

gnat

ures

, to

app

ear

on e

very

sh

are

certi

ficat

e to

whi

ch th

e Sh

are

Seal

has

bee

n af

fixed

.

- To

be

dele

ted.

Page 112: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

108

104

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

AC

CO

UN

TS

90.

(a)

Acc

ount

s

The

Dire

ctor

s sh

all c

ause

acc

ount

ing

reco

rds

to b

e ke

pt in

acc

orda

nce

with

the

prov

isio

ns o

f the

Act

. (b

) C

usto

dy o

f boo

ks

Th

e ac

coun

ting

reco

rds

shal

l be

ke

pt

at

the

Reg

iste

red

Off

ice

or s

ubje

ct to

the

Act

, at s

uch

othe

r pla

ce

as t

he D

irect

ors

thin

k fit

and

sha

ll al

way

s be

ope

n to

in

spec

tion

by th

e D

irect

ors.

(c)

Insp

ectio

n (i)

Th

e D

irect

ors

shal

l fr

om t

ime

to t

ime

dete

rmin

e

111.

(a)

Acc

ount

s Th

e D

irect

ors

shal

l ca

use

acco

untin

g re

cord

s to

be

kept

in

acco

rdan

ce w

ith th

e pr

ovis

ions

of t

he A

ct:-

(i) t

o su

ffic

ient

ly e

xpla

in t

he t

rans

actio

ns a

nd f

inan

cial

po

sitio

n of

the

Com

pany

and

ena

ble

true

and

fair

pro

fit a

nd

loss

ac

coun

ts

and

bala

nce

shee

t an

d do

cum

ents

to

be

at

tach

ed th

eret

o to

be

prep

ared

; and

(ii

) in

a m

anne

r as

to

enab

le s

uch

acco

untin

g an

d ot

her

reco

rds t

o be

con

veni

ently

and

pro

perl

y au

dite

d.

(b)

The

Com

pany

, its

Dir

ecto

rs a

nd M

anag

ers

shal

l ca

use

the

appr

opri

ate

entr

ies

to b

e m

ade

in t

he a

ccou

ntin

g an

d ot

her

reco

rds

with

in s

ixty

(60)

day

s of

the

com

plet

ion

of th

e tr

ansa

ctio

ns to

whi

ch th

e en

trie

s rel

ate.

(c

) The

rec

ords

ref

erre

d to

in th

is R

ule

shal

l be

reta

ined

for

seve

n (7

) ye

ars

afte

r th

e co

mpl

etio

n of

the

tra

nsac

tions

or

oper

atio

ns to

w

hich

the

entr

ies r

elat

e.

(b)(

d)

Cus

tody

of b

ooks

The

acco

untin

g re

cord

s sh

all b

e ke

pt a

t the

Reg

iste

red

Off

ice

or s

ubje

ct to

the

Act

, at s

uch

othe

r pla

ce a

s th

e D

irect

ors

thin

k fit

and

shal

l alw

ays b

e op

en to

insp

ectio

n by

the

Dire

ctor

s. (c

)(e)

In

spec

tion

(i)

The

Dire

ctor

s sh

all

from

tim

e to

tim

e de

term

ine

Page 113: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

108 109

105

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

whe

ther

in a

ny p

artic

ular

cas

e or

cla

ss o

f cas

es o

r gen

eral

ly,

and

to w

hat e

xten

t, an

d at

wha

t tim

es a

nd p

lace

s an

d un

der

wha

t con

ditio

ns th

e ac

coun

ts a

nd b

ooks

of t

he C

ompa

ny o

r an

y of

them

shal

l be

open

to th

e in

spec

tion

of m

embe

rs.

(ii)

No

mem

ber

(not

bei

ng a

Dire

ctor

) sh

all

have

any

rig

ht o

f ins

pect

ing

any

acco

unt o

r boo

k or

doc

umen

t of t

he

Com

pany

, exc

ept a

s co

nfer

red

by A

ct o

r au

thor

ised

by

the

Dire

ctor

s or

by

a re

solu

tion

of t

he C

ompa

ny i

n ge

nera

l m

eetin

g.

(d)

Cop

y of

repo

rt to

mem

bers

A

cop

y of

the

repo

rts b

y th

e D

irect

ors

and

audi

tors

of

the

Com

pany

, th

e pr

ofit

and

loss

acc

ount

s, ba

lanc

e sh

eet

and

grou

p ac

coun

ts (

if an

y) (

incl

udin

g al

l do

cum

ents

req

uire

d by

law

to b

e an

nexe

d or

atta

ched

to a

ll or

any

of t

hem

), in

pr

inte

d fo

rm o

r in

CD

-RO

M fo

rm o

r in

such

oth

er fo

rm o

f el

ectro

nic

med

ia, s

hall

be se

nt (n

ot la

ter t

han

six

(6) M

onth

s af

ter t

he c

lose

of t

he fi

nanc

ial y

ear

and

at le

ast t

wen

ty-o

ne

(21)

day

s bef

ore

the

gene

ral m

eetin

g at

whi

ch th

ey a

re to

be

laid

) to

all

Mem

bers

, ho

lder

s of

deb

entu

res

and

all

othe

r pe

rson

s en

title

d to

rec

eive

not

ices

of

gene

ral

mee

tings

un

der

the

Act

or

thes

e A

rticl

es. T

he i

nter

val

betw

een

the

clos

e of

fina

ncia

l yea

r of t

he C

ompa

ny a

nd th

e is

sue

of th

e an

nual

au

dite

d ac

coun

ts,

the

Dire

ctor

s’

and

audi

tors

’ re

ports

sha

ll no

t exc

eed

four

(4)

Mon

ths.

In th

e ev

ent t

hat

thes

e do

cum

ents

are

sent

in C

D-R

OM

form

or i

n su

ch o

ther

fo

rm o

f el

ectro

nic

med

ia a

nd a

Mem

ber

requ

ires

a pr

inte

d fo

rm o

f su

ch d

ocum

ents

, th

e C

ompa

ny s

hall

send

suc

h do

cum

ents

to

the

Mem

ber

with

in f

our

(4)

Mar

ket

Day

s fr

om t

he d

ate

of r

ecei

pt o

f th

e M

embe

r’s

requ

est.

The

requ

ired

num

ber o

f cop

ies

of e

ach

of th

ese

docu

men

ts s

hall

whe

ther

in a

ny p

artic

ular

cas

e or

cla

ss o

f cas

es o

r gen

eral

ly, a

nd

to w

hat

exte

nt,

and

at w

hat

times

and

pla

ces

and

unde

r w

hat

cond

ition

s th

e ac

coun

ts a

nd b

ooks

of

the

Com

pany

or

any

of

them

shal

l be

open

to th

e in

spec

tion

of M

embe

rs.

(ii)

No

Mem

ber

(not

bei

ng a

Dire

ctor

) sh

all h

ave

any

right

of

insp

ectin

g an

y ac

coun

t or b

ook

or d

ocum

ent o

f the

Com

pany

, ex

cept

as

conf

erre

d by

Act

or a

utho

rised

by

the

Dire

ctor

s or

by

a re

solu

tion

of th

e C

ompa

ny in

gen

eral

mee

ting.

(d

)(f)

Cop

y of

repo

rt to

Mem

bers

A

cop

y of

the

rep

orts

by

the

Dire

ctor

s an

d au

dito

rs o

f th

e C

ompa

ny, t

he p

rofit

and

loss

acc

ount

s, ba

lanc

e sh

eet a

nd g

roup

ac

coun

ts (i

f any

) (in

clud

ing

all d

ocum

ents

requ

ired

by la

w to

be

anne

xed

or a

ttach

ed to

all

or a

ny o

f the

m),

in p

rinte

d fo

rm o

r in

CD

-RO

M fo

rm o

r in

such

oth

er fo

rm o

f ele

ctro

nic

med

ia, s

hall

be s

ent

(not

lat

er t

han

six

(6)

mon

ths

afte

r th

e cl

ose

of t

he

finan

cial

yea

r an

d at

lea

st t

wen

ty-o

ne (

21)

days

bef

ore

the

gene

ral

mee

ting

at w

hich

the

y ar

e to

be

laid

) to

all

Mem

bers

, ho

lder

s of

deb

entu

res

and

all

othe

r pe

rson

s en

title

d to

rec

eive

no

tices

of g

ener

al m

eetin

gs u

nder

the

Act

or

thes

e A

rticl

es th

is

Con

stitu

tion.

The

inte

rval

bet

wee

n th

e cl

ose

of f

inan

cial

yea

r of

the

Com

pany

and

the

issu

e of

the

ann

ual

audi

ted

acco

unts

, th

e D

irect

ors’

and

aud

itors

’ re

ports

sha

ll no

t ex

ceed

fou

r (4

) m

onth

s. In

the

even

t tha

t the

se d

ocum

ents

are

sen

t in

CD

-RO

M

form

or

in s

uch

othe

r fo

rm o

f el

ectro

nic

med

ia a

nd a

Mem

ber

requ

ires

a pr

inte

d fo

rm o

f su

ch d

ocum

ents

, the

Com

pany

sha

ll se

nd s

uch

docu

men

ts t

o th

e M

embe

r w

ithin

fou

r (4

) M

arke

t D

ays

from

the

dat

e of

rec

eipt

of

the

Mem

ber’

s re

ques

t. Th

e re

quire

d nu

mbe

r of

cop

ies

of e

ach

of th

ese

docu

men

ts s

hall

at

Page 114: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

110

106

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

at th

e sa

me

time

be se

nt to

the

Exch

ange

. th

e sa

me

time

be se

nt to

the

Exch

ange

.

AU

DIT

OR

S 90

A

App

oint

men

t of A

udito

rs

Aud

itors

sha

ll be

app

oint

ed a

nd t

heir

dutie

s re

gula

ted

in

acco

rdan

ce w

ith th

e A

ct.

112.

No

amen

dmen

ts re

quire

d.

DIS

TR

IBU

TIO

NS

AN

D R

ESE

RV

ES

91.

Dec

lara

tion

of d

ivid

ends

Th

e C

ompa

ny i

n ge

nera

l m

eetin

g m

ay d

ecla

re d

ivid

ends

, bu

t no

divi

dend

sha

ll ex

ceed

the

amou

nt r

ecom

men

ded

by

the

Dire

ctor

s.

- To

be

dele

ted.

92.

Inte

rim d

ivid

ends

Th

e D

irect

ors

may

fro

m t

ime

to ti

me

pay

to th

e m

embe

rs

such

int

erim

div

iden

ds a

s ap

pear

to

the

Dire

ctor

s to

be

just

ified

by

the

prof

its o

f the

Com

pany

.

113.

Inte

rim d

ivid

ends

D

ecla

ratio

n of

dist

ribu

tions

Th

e D

irect

ors

may

fro

m ti

me

to ti

me

pay

to th

e M

embe

rs s

uch

dist

ribu

tions

and

inte

rim d

ivid

ends

dist

ribu

tions

as

appe

ar to

th

e D

irect

ors t

o be

just

ified

by

the

prof

its o

f the

Com

pany

.

93.

Div

iden

ds to

be

paid

onl

y ou

t of p

rofit

s N

o di

vide

nd s

hall

be p

aid

othe

rwis

e th

an o

ut o

f pr

ofits

of

the

Com

pany

.

114.

Div

iden

d D

istri

butio

ns t

o be

pai

d on

ly o

ut o

f pro

fits

(a) N

o di

vide

nd d

istr

ibut

ion

shal

l be

paid

oth

erw

ise

than

out

of

prof

its o

f the

Com

pany

. (b

) B

efor

e a

dist

ribu

tion

is m

ade

by t

he C

ompa

ny t

o an

y M

embe

r,

such

di

stri

butio

n m

ust

be

auth

oris

ed

by

the

Dir

ecto

rs.

The

Dir

ecto

rs m

ay a

utho

rise

a d

istri

butio

n at

su

ch ti

me

and

in s

uch

amou

nt a

s th

ey c

onsi

der

appr

opri

ate,

Page 115: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

110 111

107

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

if th

ey a

re s

atisf

ied

that

the

Com

pany

will

be

solv

ent

imm

edia

tely

aft

er th

e di

stri

butio

n is

mad

e. A

dec

lara

tion

by

the

Dir

ecto

rs a

s to

the

amou

nt o

f the

pro

fits

of o

ther

mon

ies

at a

ny ti

me

avai

labl

e fo

r di

vide

nds s

hall

be c

oncl

usiv

e.

(c) I

f aft

er a

dis

trib

utio

n is

auth

oris

ed a

nd b

efor

e it

is m

ade,

th

e D

irec

tors

cea

se t

o be

sat

isfie

d on

rea

sona

ble

grou

nds

that

the

Com

pany

will

be

solv

ent

imm

edia

tely

aft

er t

he

dist

ribu

tion

is m

ade,

the

Dir

ecto

rs s

hall

take

all

nece

ssar

y st

eps t

o pr

even

t the

dist

ribu

tion

from

bei

ng m

ade.

(d

) For

the

purp

oses

of t

his

Rul

e, th

e C

ompa

ny is

reg

arde

d as

sol

vent

if

the

Com

pany

is

able

to

pay

its d

ebts

as

and

whe

n th

e de

bts

beco

me

due

with

in t

wel

ve m

onth

s (1

2)

imm

edia

tely

aft

er th

e di

stri

butio

n is

mad

e.

94

. D

irect

ors m

ay fo

rm re

serv

e fu

nd a

nd in

vest

Th

e D

irect

ors

may

, be

fore

rec

omm

endi

ng a

ny d

ivid

ends

, se

t as

ide

out

of t

he p

rofit

s of

the

Com

pany

suc

h su

ms

as

they

thin

k pr

oper

as

rese

rves

whi

ch s

hall,

at t

he d

iscr

etio

n of

the

Dire

ctor

s be

app

licab

le fo

r any

pur

pose

to w

hich

the

prof

its o

f th

e C

ompa

ny m

ay b

e pr

oper

ly a

pplie

d, a

nd

pend

ing

any

such

app

licat

ion

may

at

the

like

disc

retio

n,

eith

er b

e em

ploy

ed i

n th

e bu

sine

ss o

f th

e C

ompa

ny o

r be

in

vest

ed i

n su

ch i

nves

tmen

ts (

othe

r th

an s

hare

s in

the

C

ompa

ny) a

s th

e D

irect

ors

may

from

tim

e to

tim

e th

ink

fit.

The

Dire

ctor

s m

ay a

lso

with

out p

laci

ng th

e sa

me

to re

serv

e ca

rry

forw

ard

any

prof

its w

hich

they

may

thin

k pr

uden

t not

to

div

ide.

115.

Dire

ctor

s may

form

rese

rve

fund

and

inve

st

The

Dire

ctor

s m

ay,

befo

re

reco

mm

endi

ng

any

divi

dend

s, di

stri

butio

ns, s

et a

side

out

of

the

prof

its o

f th

e C

ompa

ny s

uch

sum

s as

the

y th

ink

prop

er a

s re

serv

es w

hich

sha

ll, a

t th

e di

scre

tion

of t

he D

irect

ors

be a

pplic

able

for

any

pur

pose

to

whi

ch th

e pr

ofits

of t

he C

ompa

ny m

ay b

e pr

oper

ly a

pplie

d, a

nd

pend

ing

any

such

app

licat

ion

may

at t

he li

ke d

iscr

etio

n, e

ither

be

em

ploy

ed in

the

busi

ness

of

the

Com

pany

or

be in

vest

ed in

su

ch i

nves

tmen

ts (

othe

r th

an s

hare

s in

the

Com

pany

) as

the

D

irect

ors

may

fro

m t

ime

to t

ime

thin

k fit

. The

Dire

ctor

s m

ay

also

with

out

plac

ing

the

sam

e to

res

erve

car

ry f

orw

ard

any

prof

its w

hich

they

may

thin

k pr

uden

t not

to d

ivid

e.

Page 116: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

112

108

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

95.

Paym

ent o

f Div

iden

ds

Subj

ect

to t

he r

ight

s of

per

sons

, if

any,

ent

itled

to

shar

es

with

spe

cial

rig

hts

as t

o di

vide

nd,

all

divi

dend

s sh

all

be

decl

ared

and

pai

d ac

cord

ing

to th

e am

ount

s pa

id o

r cre

dite

d as

pai

d on

the

sha

res

in r

espe

ct w

here

of t

he d

ivid

end

is

paid

, but

not

am

ount

pai

d or

cre

dite

d as

pai

d on

a s

hare

in

adva

nce

of c

all

shal

l be

tre

ated

for

the

pur

pose

of

this

regu

latio

n as

pai

d on

the

sha

re.

All

divi

dend

s sh

all

be

appo

rtion

ed a

nd p

aid

prop

ortio

nate

ly to

the

amou

nts p

aid

or

cred

ited

as p

aid

on th

e sh

ares

dur

ing

any

porti

on o

r por

tions

of

the

perio

d in

resp

ect o

f whi

ch th

e di

vide

nd is

pai

d; b

ut if

an

y sh

are

is is

sued

on

term

s pr

ovid

ing

that

it s

hall

rank

for

divi

dend

as

from

a p

artic

ular

dat

e th

at s

hare

sha

ll ra

nk f

or

divi

dend

acc

ordi

ngly

.

116.

Paym

ent o

f div

iden

ds d

istri

butio

ns

Subj

ect t

o th

e rig

hts

of p

erso

ns, i

f an

y, e

ntitl

ed to

sha

res

with

sp

ecia

l rig

hts

as

to

divi

dend

di

stri

butio

n,

all

divi

dend

di

stri

butio

ns s

hall

be d

ecla

red

and

paid

acc

ordi

ng t

o th

e am

ount

s pa

id o

r cr

edite

d as

pai

d on

the

sha

res

in r

espe

ct

whe

reof

the

divi

dend

dist

ribu

tion

is p

aid,

but

not

am

ount

pai

d or

cre

dite

d as

pai

d on

a s

hare

in a

dvan

ce o

f cal

l sha

ll be

trea

ted

for

the

purp

ose

of t

his

regu

latio

n as

pai

d on

the

sha

re.

All

divi

dend

di

stri

butio

ns

shal

l be

ap

porti

oned

an

d pa

id

prop

ortio

nate

ly t

o th

e am

ount

s pa

id o

r cr

edite

d as

pai

d on

the

shar

es d

urin

g an

y po

rtion

or p

ortio

ns o

f the

per

iod

in re

spec

t of

whi

ch t

he d

ivid

end

dist

ribu

tion

is p

aid;

but

if

any

shar

e is

issu

ed o

n te

rms

prov

idin

g th

at i

t sh

all

rank

for

di

vide

nd

dist

ribu

tion

as f

rom

a p

artic

ular

dat

e th

at s

hare

sha

ll ra

nk f

or

divi

dend

dist

ribu

tion

acco

rdin

gly.

96.

Dire

ctor

s m

ay

dedu

ct

from

di

vide

nds

sum

s ow

ed

to

Com

pany

Th

e D

irect

ors

may

ded

uct

form

any

div

iden

d, b

onus

or

othe

r mon

eys

paya

ble

to a

ny m

embe

r all

sum

s of

mon

ey (i

f an

y) p

rese

ntly

pay

able

by

him

to

Com

pany

on

acco

unt

of

call

or o

ther

wis

e in

rela

tion

to th

e sh

ares

of t

he C

ompa

ny.

117.

Dire

ctor

s m

ay d

educ

t fro

m d

ivid

ends

dis

trib

utio

ns s

ums

owed

to

Com

pany

Th

e D

irect

ors

may

ded

uct

form

any

div

iden

d di

stri

butio

n,

bonu

s or

oth

er m

oney

s pa

yabl

e to

any

Mem

ber

all

sum

s of

m

oney

(if

any)

pre

sent

ly p

ayab

le b

y hi

m t

o C

ompa

ny o

n ac

coun

t of

cal

l or

oth

erw

ise

in r

elat

ion

to t

he s

hare

s of

the

C

ompa

ny.

97

. G

ener

al M

eetin

g m

ay p

ay d

ivid

end

in sp

ecie

A

ny g

ener

al m

eetin

g de

clar

ing

a di

vide

nd o

r bo

nus

may

di

rect

pay

men

t of

such

div

iden

d or

bon

us w

holly

or

partl

y by

the

dis

tribu

tion

of s

peci

fic a

sset

s an

d in

par

ticul

ar o

f pa

id-u

p sh

ares

, deb

entu

res

or d

eben

ture

sto

ck o

f an

y ot

her

com

pany

or

in a

ny o

ne o

r m

ore

of s

uch

way

s an

d th

e

118.

Gen

eral

Mee

ting

may

pay

div

iden

d di

stri

butio

n in

spec

ie

Any

gen

eral

mee

ting

decl

arin

g a

divi

dend

dist

ribu

tion

or b

onus

m

ay d

irect

pay

men

t of

suc

h di

vide

nd d

istri

butio

n or

bon

us

who

lly o

r pa

rtly

by t

he d

istri

butio

n of

spe

cific

ass

ets

and

in

parti

cula

r of

pai

d-up

sha

res,

debe

ntur

es o

r de

bent

ure

stoc

k of

an

y ot

her c

ompa

ny o

r in

any

one

or m

ore

of s

uch

way

s an

d th

e

Page 117: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

112 113

109

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Dire

ctor

s sha

ll gi

ve e

ffec

t to

such

reso

lutio

n, a

nd w

here

any

di

ffic

ulty

aris

es in

reg

ard

to s

uch

dist

ribut

ion

the

Dire

ctor

s m

ay s

ettle

the

sam

e as

the

y th

ink

expe

dien

t, an

d fix

the

va

lue

for

dist

ribut

ion

of s

uch

spec

ific

asse

ts o

f an

y pa

rt th

ereo

f an

d m

ay d

eter

min

e th

at c

ash

paym

ents

sha

ll be

m

ade

to a

ny m

embe

rs u

pon

the

foot

ing

of th

e va

lue

so fi

xed

in o

rder

to a

djus

t the

righ

ts o

f all

parti

es a

nd m

ay v

est a

ny

such

spec

ific

asse

ts in

trus

tees

as m

ay se

em e

xped

ient

to th

e D

irect

ors.

Dire

ctor

s sh

all

give

eff

ect

to s

uch

reso

lutio

n, a

nd w

here

any

di

ffic

ulty

aris

es in

rega

rd to

suc

h di

strib

utio

n th

e D

irect

ors

may

se

ttle

the

sam

e as

the

y th

ink

expe

dien

t, an

d fix

the

val

ue f

or

dist

ribut

ion

of s

uch

spec

ific

asse

ts o

f an

y pa

rt th

ereo

f an

d m

ay

dete

rmin

e th

at c

ash

paym

ents

sha

ll be

mad

e to

any

Mem

bers

up

on t

he f

ootin

g of

the

val

ue s

o fix

ed i

n or

der

to a

djus

t th

e rig

hts

of a

ll pa

rties

and

may

ves

t an

y su

ch s

peci

fic a

sset

s in

tru

stee

s as m

ay se

em e

xped

ient

to th

e D

irect

ors.

98.

Div

iden

d pa

ymen

t thr

ough

the

post

or

by d

irect

ele

ctro

nic

trans

fer

Any

div

iden

d, o

r oth

er m

oney

pay

able

in c

ash

in re

spec

t of

shar

es m

ay b

e pa

id b

y ch

eque

or

war

rant

sen

t thr

ough

the

post

dire

cted

to

the

regi

ster

ed a

ddre

ss o

f th

e ho

lder

or,

in

the

case

of j

oint

hol

ders

to th

e re

gist

ered

add

ress

of t

hat o

ne

of t

he j

oint

hol

der

who

is

first

nam

ed o

n th

e re

giste

r of

m

embe

rs o

r to

suc

h pe

rson

and

to

such

add

ress

as

the

hold

er o

r jo

int

hold

ers

may

in

writ

ing

dire

ct.

Ever

y su

ch

cheq

ue o

r war

rant

sha

ll be

mad

e pa

yabl

e to

the

orde

r of t

he

pers

on t

o w

hom

it

is s

ent.

Any

one

of

two

or m

ore

join

t ho

lder

s m

ay

give

ef

fect

ual

rece

ipts

fo

r an

y di

vide

nd,

bonu

ses

or o

ther

mon

ey p

ayab

le i

n re

spec

t of

the

sha

res

held

by

them

as

join

t ho

lder

s. Pa

ymen

t of

div

iden

d m

ay

also

be

mad

e by

dire

ct tr

ansf

er e

lect

roni

cally

sub

ject

to th

e pr

ovis

ions

of

the

Act

, Rul

es o

f th

e D

epos

itory

, the

Lis

ting

Req

uire

men

ts o

f th

e Ex

chan

ge a

nd/o

r ot

her

regu

lato

ry

auth

oriti

es, t

o th

e ba

nk a

ccou

nt o

f th

e ho

lder

. Pay

men

t of

di

vide

nd b

y ch

eque

, war

rant

or b

y di

rect

ele

ctro

nic

trans

fer

as a

fore

said

sha

ll be

a g

ood

disc

harg

e of

the

Com

pany

re

gard

less

of t

he fa

ct th

at it

may

sub

sequ

ently

be

foun

d th

at

ther

e is

any

dis

crep

ancy

in th

e de

tails

of

the

bank

acc

ount

119.

Div

iden

d D

istr

ibut

ion

paym

ent

thro

ugh

the

post

or

by d

irect

el

ectro

nic

trans

fer

Any

div

iden

d di

stri

butio

n, o

r ot

her

mon

ey p

ayab

le in

cas

h in

re

spec

t of s

hare

s may

be

paid

by

cheq

ue o

r war

rant

sent

thro

ugh

the

post

dire

cted

to t

he r

egis

tere

d ad

dres

s of

the

hold

er. o

r, in

th

e ca

se o

f joi

nt h

olde

rs to

the

regi

ster

ed a

ddre

ss o

f tha

t one

of

the

join

t hol

der w

ho is

firs

t nam

ed o

n th

e re

gist

er o

f mem

bers

or

to s

uch

pers

on a

nd to

suc

h ad

dres

s as

the

hold

er o

r joi

nt h

olde

rs

may

in

writ

ing

dire

ct.

Ever

y su

ch c

hequ

e or

war

rant

sha

ll be

m

ade

paya

ble

to th

e or

der o

f the

per

son

to w

hom

it is

sen

t. A

ny

one

of tw

o or

mor

e jo

int h

olde

rs m

ay g

ive

effe

ctua

l rec

eipt

s fo

r an

y di

vide

nd, b

onus

es o

r oth

er m

oney

pay

able

in re

spec

t of t

he

shar

es h

eld

by t

hem

as

join

t ho

lder

s. P

aym

ent

of d

ivid

end

dist

ribu

tion

may

als

o be

mad

e by

dire

ct tr

ansf

er e

lect

roni

cally

su

bjec

t to

the

prov

isio

ns o

f the

Act

, Rul

es o

f the

Dep

osito

ry, t

he

List

ing

Req

uire

men

ts o

f th

e Ex

chan

ge a

nd/o

r ot

her

regu

lato

ry

auth

oriti

es,

to t

he b

ank

acco

unt

of t

he h

olde

r. Pa

ymen

t of

di

vide

nd d

istri

butio

n by

che

que,

war

rant

or b

y di

rect

ele

ctro

nic

trans

fer

as a

fore

said

sha

ll be

a g

ood

disc

harg

e of

the

Com

pany

re

gard

less

of

the

fact

tha

t it

may

sub

sequ

ently

be

foun

d th

at

ther

e is

any

dis

crep

ancy

in th

e de

tails

of t

he b

ank

acco

unt g

iven

by

the

hold

er.

Page 118: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

114

110

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

give

n by

the

hold

er.

CA

PIT

AL

IZA

TIO

N O

F PR

OFI

TS

99.

Com

pany

may

cap

italiz

e re

serv

es a

nd u

ndiv

ided

pro

fits

The

Com

pany

in

ge

nera

l m

eetin

g m

ay

upon

th

e re

com

men

datio

n of

the

Dire

ctor

s re

solv

e th

at it

is d

esira

ble

to c

apita

lize

any

part

of t

he a

mou

nt f

or t

he t

ime

bein

g st

andi

ng t

o th

e cr

edit

of a

ny o

f th

e C

ompa

ny’s

res

erve

ac

coun

ts o

r to

the

cre

dit

of t

he p

rofit

and

los

s ac

coun

t or

ot

herw

ise

avai

labl

e fo

r di

strib

utio

n, a

nd a

ccor

ding

ly t

hat

such

sum

be

set f

ree

for

dist

ribut

ion

amon

gst t

he m

embe

rs

who

wou

ld h

ave

been

ent

itled

ther

eof i

f dis

tribu

ted

by w

ay

of d

ivid

end

and

in th

e sa

me

prop

ortio

ns o

n co

nditi

on t

hat

the

sam

e be

not

pai

d ca

sh b

ut a

pplie

d ei

ther

in o

r to

war

ds

payi

ng u

p an

y am

ount

s fo

r th

e tim

e be

ing

unpa

id o

n an

y sh

ares

hel

d by

suc

h m

embe

rs r

espe

ctiv

ely

or p

ayin

g up

in

full

unis

sued

sha

res

or d

eben

ture

s of

the

Com

pany

to

be

allo

tted

and

dist

ribut

e cr

edite

d as

ful

ly p

aid

up t

o an

d am

ongs

t su

ch m

embe

rs i

n th

e pr

opor

tion

afor

esai

d, o

r pa

rtly

in t

he o

ther

, an

d th

e D

irect

ors

shal

l gi

ve e

ffec

t to

su

ch r

esol

utio

n. A

sha

re p

rem

ium

acc

ount

and

a c

apita

l re

dem

ptio

n re

serv

e m

ay, f

or p

urpo

ses

of th

is re

gula

tion,

be

appl

ied

only

in

the

payi

ng u

p of

uni

ssue

d sh

ares

to

be

issu

ed t

o m

embe

rs o

f th

e C

ompa

ny a

s fu

lly p

aid

bonu

s sh

ares

.

120.

Com

pany

may

cap

italiz

e re

serv

es a

nd u

ndiv

ided

pro

fits

The

Com

pany

in

ge

nera

l m

eetin

g m

ay

upon

th

e re

com

men

datio

n of

the

Dire

ctor

s re

solv

e th

at it

is d

esira

ble

to

capi

taliz

e an

y pa

rt of

the

amou

nt fo

r the

tim

e be

ing

stan

ding

to

the

cred

it of

any

of

the

Com

pany

’s r

eser

ve a

ccou

nts

or t

o th

e cr

edit

of th

e pr

ofit

and

loss

acc

ount

or

othe

rwis

e av

aila

ble

for

dist

ribut

ion,

and

acc

ordi

ngly

tha

t su

ch s

um b

e se

t fr

ee f

or

dist

ribut

ion

amon

gst

the

Mem

bers

w

ho

wou

ld

have

be

en

entit

led

ther

eof

if di

strib

uted

by

way

of

divi

dend

dist

ribu

tion

and

in th

e sa

me

prop

ortio

ns o

n co

nditi

on th

at th

e sa

me

be n

ot

paid

cas

h bu

t ap

plie

d ei

ther

in

or t

owar

ds p

ayin

g up

any

am

ount

s fo

r th

e tim

e be

ing

unpa

id o

n an

y sh

ares

hel

d by

suc

h M

embe

rs r

espe

ctiv

ely

or p

ayin

g up

in

full

unis

sued

sha

res

or

debe

ntur

es o

f the

Com

pany

to b

e al

lotte

d an

d di

strib

ute

cred

ited

as fu

lly p

aid

up to

and

am

ongs

t suc

h M

embe

rs in

the

prop

ortio

n af

ores

aid,

or

partl

y in

the

oth

er,

and

the

Dire

ctor

s sh

all

give

ef

fect

to su

ch re

solu

tion.

A s

hare

pre

miu

m a

ccou

nt a

nd a

cap

ital

rede

mpt

ion

rese

rve

may

, fo

r pu

rpos

es o

f th

is r

egul

atio

n, b

e ap

plie

d on

ly in

the

payi

ng u

p of

uni

ssue

d sh

ares

to b

e is

sued

to

mem

bers

of t

he C

ompa

ny a

s ful

ly p

aid

bonu

s sha

res.

100.

Proc

edur

e on

cap

italis

atio

n

Whe

neve

r su

ch a

res

olut

ion

as a

fore

said

sha

ll ha

ve b

een

pass

ed t

he D

irect

ors

shal

l m

ake

all

appr

opria

tions

and

ap

plic

atio

ns

of

the

undi

vide

d pr

ofits

re

solv

ed

to

be

capi

taliz

ed t

here

by,

and

all

allo

tmen

ts a

nd i

ssue

s of

dul

y

121.

Proc

edur

e on

cap

italis

atio

n

Whe

neve

r suc

h a

reso

lutio

n as

afo

resa

id s

hall

have

bee

n pa

ssed

, th

e D

irect

ors

shal

l mak

e al

l app

ropr

iatio

ns a

nd a

pplic

atio

ns o

f th

e un

divi

ded

prof

its re

solv

ed to

be

capi

taliz

ed th

ereb

y, a

nd a

ll al

lotm

ents

and

issu

es o

f du

ly p

aid

shar

es o

r de

bent

ures

, if

any,

Page 119: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

114 115

111

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

paid

sha

res

or d

eben

ture

s, if

any,

and

gen

eral

ly s

hall

do a

ll ac

ts a

nd t

hing

s re

quire

d to

giv

e ef

fect

the

reto

, w

ith f

ull

pow

er to

the

Dire

ctor

s to

mak

e su

ch p

rovi

sion

by

the

issu

e of

frac

tiona

l cer

tific

ates

or b

y pa

ymen

t in

cash

or o

ther

wis

e as

the

y th

ink

fit f

or t

he c

ase

of s

hare

s or

deb

entu

res

beco

min

g di

strib

utab

le i

n fr

actio

ns,

and

also

to

auth

oriz

e an

y pe

rson

to

ente

r on

beh

alf

of a

ll th

e m

embe

rs e

ntitl

ed

ther

eto

into

an

agre

emen

t with

the

Com

pany

pro

vidi

ng f

or

the

allo

tmen

t to

them

resp

ectiv

ely,

cre

dite

d as

fully

pai

d up

, of

any

fur

ther

sha

res

or d

eben

ture

s to

whi

ch t

hey

may

be

entit

led

upon

suc

h ca

pita

lizat

ion,

or

(as

the

case

may

re

quire

) fo

r th

e pa

ymen

t up

by

the

Com

pany

on

thei

r be

half,

by

th

e ap

plic

atio

n th

eret

o of

th

eir

resp

ectiv

e pr

opor

tions

of

the

prof

its r

esol

ved

to b

e ca

pita

lized

, of

the

amou

nts

or a

ny p

art

of t

he a

mou

nts

rem

aini

ng u

npai

d on

th

eir

exis

ting

shar

es, a

nd a

ny a

gree

men

t m

ade

unde

r su

ch

auth

ority

sh

all

be

effe

ctiv

e an

d bi

ndin

g on

al

l su

ch

mem

bers

.

and

gene

rally

sha

ll do

all

acts

and

thin

gs re

quire

d to

giv

e ef

fect

th

eret

o, w

ith fu

ll po

wer

to th

e D

irect

ors

to m

ake

such

pro

visi

on

by th

e is

sue

of f

ract

iona

l cer

tific

ates

or

by p

aym

ent i

n ca

sh o

r ot

herw

ise

as th

ey th

ink

fit f

or th

e ca

se o

f sh

ares

or

debe

ntur

es

beco

min

g di

strib

utab

le i

n fr

actio

ns,

and

also

to

auth

oriz

e an

y pe

rson

to e

nter

on

beha

lf of

all

the

mem

bers

ent

itled

ther

eto

into

an

agr

eem

ent w

ith th

e C

ompa

ny p

rovi

ding

for

the

allo

tmen

t to

them

res

pect

ivel

y, c

redi

ted

as f

ully

pai

d up

, of

any

fur

ther

sh

ares

or

debe

ntur

es t

o w

hich

they

may

be

entit

led

upon

suc

h ca

pita

lizat

ion,

or

(as

the

case

may

req

uire

) fo

r th

e pa

ymen

t up

by t

he C

ompa

ny o

n th

eir

beha

lf, b

y th

e ap

plic

atio

n th

eret

o of

th

eir

resp

ectiv

e pr

opor

tions

of

th

e pr

ofits

re

solv

ed

to

be

capi

taliz

ed, o

f the

am

ount

s or a

ny p

art o

f the

am

ount

s rem

aini

ng

unpa

id o

n th

eir

exis

ting

shar

es, a

nd a

ny a

gree

men

t mad

e un

der

such

aut

horit

y sh

all

be e

ffec

tive

and

bind

ing

on a

ll su

ch

mem

bers

. th

e D

irec

tors

sha

ll do

all

acts

req

uire

d to

giv

e ef

fect

to

the

reso

lutio

n an

d sh

all h

ave

the

pow

er to

(a)

mak

e pa

ymen

t in

cas

h in

lie

u of

iss

uing

fra

ctio

ns o

f sh

ares

or

debe

ntur

es to

any

Mem

ber;

and

(b

) au

thor

ise

any

pers

on t

o en

ter

on b

ehal

f of

all

the

Mem

bers

ent

itled

to a

ny s

hare

s or

deb

entu

res

into

an

agre

emen

t with

the

Com

pany

for

– (i)

th

e al

lotm

ent

and

issu

e to

tho

se M

embe

rs o

f an

y sh

ares

or

debe

ntur

es c

redi

ted

as f

ully

pai

d up

, upo

n su

ch c

apita

lisat

ion;

or

(ii

) th

e pa

ymen

t by

the

Com

pany

on

beha

lf of

tho

se

Page 120: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

116

112

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

Mem

bers

, of t

heir

res

pect

ive

prop

ortio

ns o

f the

pro

fits

to b

e ca

pita

lised

of

the

amou

nt o

r an

y pa

rt o

f th

e am

ount

rem

aini

ng u

npai

d on

thei

r ex

istin

g sh

ares

,

in a

ccor

danc

e w

ith t

he r

esol

utio

n. A

ny a

gree

men

t m

ade

purs

uant

to

this

Rul

e sh

all

be e

ffec

tive

and

bind

ing

on a

ll M

embe

rs.

N

OT

ICE

101.

(a)

How

not

ices

to b

e se

rved

on

mem

bers

A

not

ice

may

be

give

n by

the

Com

pany

to

any

mem

ber

eith

er b

y se

rvin

g it

on h

im p

erso

nally

or

by s

endi

ng i

t by

po

st t

o hi

m a

t hi

s ad

dres

s in

Mal

aysi

a as

sho

wn

in t

he

Reg

iste

r of M

embe

rs o

r as s

uppl

ied

by h

im to

the

Com

pany

fo

r the

giv

ing

of n

otic

es to

him

. (b

) M

embe

r to

notif

y an

d re

gist

er h

is a

ddre

ss

If a

mem

ber

has

no re

gist

ered

add

ress

in M

alay

sia

and

has

not s

uppl

ied

to th

e C

ompa

ny a

n ad

dres

s w

ithin

Mal

aysi

a or

Si

ngap

ore

for

the

givi

ng

of

notic

es

to

him

a

notic

e ad

verti

sed

in a

new

spap

er c

ircul

atin

g in

the

neig

hbou

rhoo

d of

the

Reg

iste

red

Off

ice

of th

e C

ompa

ny sh

all b

e de

emed

to

be d

uly

give

n to

him

on

the

day

on w

hich

the

adve

rtise

men

t ap

pear

s.

122.

(a)

How

not

ices

to b

e se

rved

on

Mem

bers

A

not

ice

may

be

give

n by

the

Com

pany

to a

ny M

embe

r ei

ther

by

:- (i)

ser

ving

it o

n hi

m p

erso

nally

; (ii

) se

ndin

g it

by p

ost

to h

im a

t hi

s ad

dres

s in

Mal

aysi

a as

sh

own

in th

e R

egis

ter o

r as s

uppl

ied

by h

im to

the

Com

pany

for

the

givi

ng o

f not

ices

to h

im; o

r (ii

i) se

ndin

g it

to h

im in

ele

ctro

nic

form

. (b

) M

embe

r to

notif

y an

d re

gist

er h

is a

ddre

ss

If a

Mem

ber

has

no r

egis

tere

d ad

dres

s in

Mal

aysi

a an

d ha

s no

t su

pplie

d to

th

e C

ompa

ny

an

addr

ess

with

in

Mal

aysi

a or

Si

ngap

ore

for t

he g

ivin

g of

not

ices

to h

im a

not

ice

adve

rtise

d in

a

new

spap

er c

ircul

atin

g in

the

neig

hbou

rhoo

d of

the

Reg

iste

red

Off

ice

of th

e C

ompa

ny s

hall

be d

eem

ed to

be

duly

giv

en to

him

on

the

day

on w

hich

the

adve

rtise

men

t app

ears

.

Page 121: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

116 117

113

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(c)

Whe

n no

tice

by p

ost d

eem

ed to

be

serv

ed

Whe

re a

not

ice

is s

ent b

y po

st, s

ervi

ce o

f the

not

ice

shal

l be

deem

ed t

o be

eff

ecte

d by

pro

perly

add

ress

ing,

pre

parin

g,

and

post

ing

a le

tter c

onta

inin

g th

e no

tice,

and

to h

ave

been

se

rved

, in

the

case

of a

not

ice

of a

mee

ting,

on

the

day

afte

r th

e da

te o

f its

pos

ting

and,

in a

ny o

ther

cas

e, a

t the

tim

e at

w

hich

the

lette

r w

ould

be

deliv

ered

in th

e or

dina

ry c

ours

e of

pos

t. (d

) C

ertif

icat

e of

pos

ting

A c

ertif

icat

e in

writ

ing

sign

ed b

y a

Dire

ctor

or

any

othe

r of

ficer

of

the

Com

pany

tha

t th

e en

velo

pe o

r w

rapp

er

cont

aini

ng th

e no

tice

was

so

addr

esse

d, p

repa

id a

nd p

oste

d sh

all

be c

oncl

usiv

e ev

iden

ce th

ereo

f. A

ny n

otic

e gi

ven

by

adve

rtise

men

t sh

all

be d

eem

ed t

o ha

ve b

een

give

n on

the

da

y on

whi

ch th

e ad

verti

sem

ent s

hall

first

app

ear.

(e)

Aut

horit

y Th

e si

gnat

ure

to a

ny n

otic

e to

be

give

n by

the

Com

pany

m

ay b

e w

ritte

n or

prin

ted.

(f

) Pe

riod

of n

otic

e W

here

a g

iven

num

ber

of d

ays’

not

ice

or n

otic

e ex

tend

ing

(c)

Whe

n no

tice

by p

ost d

eem

ed to

be

serv

ed

(i) W

here

a n

otic

e is

sen

t by

post

, ser

vice

of t

he n

otic

e sh

all b

e de

emed

to

be e

ffec

ted

by p

rope

rly a

ddre

ssin

g, p

repa

ring,

and

po

stin

g a

lette

r co

ntai

ning

the

notic

e, a

nd to

hav

e be

en s

erve

d,

in th

e ca

se o

f a n

otic

e of

a m

eetin

g, o

n th

e da

y af

ter t

he d

ate

of

its p

ostin

g an

d, in

any

oth

er c

ase,

at t

he ti

me

at w

hich

the

lette

r w

ould

be

deliv

ered

in th

e or

dina

ry c

ours

e of

pos

t. (ii

) Whe

re a

not

ice

is se

nt in

ele

ctro

nic

form

to th

e el

ectr

onic

ad

dres

s of

a M

embe

r, s

ervi

ce o

f th

e no

tice

shal

l be

deem

ed

to b

e ef

fect

ed a

t th

e tim

e of

tra

nsm

issio

n pr

ovid

ed a

lway

s th

at t

he C

ompa

ny o

btai

ns t

he r

eply

mes

sage

or

othe

r ap

plic

able

pr

oof

indi

catin

g th

at

the

elec

tron

ic

com

mun

icat

ion

has b

een

deliv

ered

. (d

) C

ertif

icat

e of

pos

ting

A c

ertif

icat

e in

writ

ing

sign

ed b

y a

Dire

ctor

or a

ny o

ther

off

icer

of

the

Com

pany

tha

t th

e en

velo

pe o

r w

rapp

er c

onta

inin

g th

e no

tice

was

so

addr

esse

d, p

repa

id a

nd p

oste

d sh

all b

e co

nclu

sive

ev

iden

ce t

here

of.

Any

not

ice

give

n by

adv

ertis

emen

t sh

all

be

deem

ed

to

have

be

en

give

n on

th

e da

y on

w

hich

th

e ad

verti

sem

ent s

hall

first

app

ear.

(e)

Aut

horit

y Th

e si

gnat

ure

to a

ny n

otic

e to

be

give

n by

the

Com

pany

may

be

writ

ten

or p

rinte

d.

(f)

Perio

d of

not

ice

Whe

re a

giv

en n

umbe

r of d

ays’

not

ice

or n

otic

e ex

tend

ing

over

Page 122: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

118

114

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

over

any

oth

er p

erio

d is

req

uire

d to

be

give

n, t

he d

ay o

f se

rvic

e an

d th

e da

y on

whi

ch th

e no

tice

is to

be

oper

ativ

e sh

all

be e

xclu

ded

in c

ompu

ting

such

num

ber

of d

ays

or

othe

r per

iod.

(g

) Ev

ery

pers

on w

ho b

ecom

es e

ntitl

ed to

a s

hare

sha

ll be

bou

nd b

y an

y no

tice

in re

spec

t of t

hat s

hare

whi

ch b

efor

e hi

s na

me

is e

nter

ed i

n th

e R

egis

ter

of M

embe

rs h

as b

een

duly

giv

en to

a p

erso

n fr

om w

hom

he

deriv

es h

is ti

tle.

any

othe

r pe

riod

is re

quire

d to

be

give

n, th

e da

y of

ser

vice

and

th

e da

y on

whi

ch th

e no

tice

is to

be

oper

ativ

e sh

all b

e ex

clud

ed

in c

ompu

ting

such

num

ber o

f day

s or o

ther

per

iod.

(g

) Ev

ery

pers

on w

ho b

ecom

es e

ntitl

ed to

a s

hare

sha

ll be

bo

und

by a

ny n

otic

e in

res

pect

of

that

sha

re w

hich

bef

ore

his

nam

e is

ent

ered

in th

e R

egis

ter o

f Mem

bers

has

bee

n du

ly g

iven

to

a p

erso

n fr

om w

hom

he

deriv

es h

is ti

tle.

10

2.

Se

rvic

e on

join

t hol

ders

of s

hare

s A

not

ice

may

be

give

n by

the

Com

pany

to th

e jo

int h

olde

rs

of a

sha

re b

y gi

ving

the

not

ice

to t

he j

oint

hol

der

first

na

med

in th

e re

gist

er o

f mem

bers

in re

spec

t of t

he sh

ares

.

- To

be

dele

ted.

103.

Not

ices

in c

ase

of d

eath

or b

ankr

uptc

y A

not

ice

may

be

give

n by

the

Com

pany

to

the

pers

ons

entit

led

to

a sh

are

in

cons

eque

nce

of

the

deat

h or

ba

nkru

ptcy

of a

mem

ber b

y se

ndin

g it

thro

ugh

the

post

in a

pr

epai

d le

tter a

ddre

ssed

to th

em b

y na

me,

or b

y th

e tit

le o

f re

pres

enta

tives

of t

he d

ecea

sed

or a

ssig

nee

of th

e ba

nkru

pt,

or b

y an

y lik

e de

scrip

tion,

at

the

addr

ess,

if an

y, w

ithin

M

alay

sia

supp

lied

for

the

purp

ose

by th

e pe

rson

s cl

aim

ing

to b

e so

ent

itled

, or

(un

til s

uch

an a

ddre

ss h

as b

een

so

supp

lied)

by

givi

ng n

otic

e in

any

man

ner i

n w

hich

the

sam

e m

ight

hav

e be

en g

iven

if th

e de

ath

or b

ankr

uptc

y ha

d no

t oc

curr

ed.

123.

Not

ices

in c

ase

of d

eath

or b

ankr

uptc

y A

not

ice

may

be

give

n by

the

Com

pany

to th

e pe

rson

s en

title

d to

a s

hare

in

cons

eque

nce

of t

he d

eath

or

bank

rupt

cy o

f a

Mem

ber

by s

endi

ng i

t th

roug

h th

e po

st i

n a

prep

aid

lette

r ad

dres

sed

to th

em b

y na

me,

or b

y th

e tit

le o

f rep

rese

ntat

ives

of

the

dece

ased

or

assi

gnee

of

the

bank

rupt

, or

by

any

like

desc

riptio

n, a

t the

add

ress

, if

any,

with

in M

alay

sia

supp

lied

for

the

purp

ose

by th

e pe

rson

s cl

aim

ing

to b

e so

ent

itled

, or

(unt

il su

ch a

n ad

dres

s ha

s be

en s

o su

pplie

d) b

y gi

ving

not

ice

in a

ny

man

ner i

n w

hich

the

sam

e m

ight

hav

e be

en g

iven

if th

e de

ath

or

bank

rupt

cy h

ad n

ot o

ccur

red.

Page 123: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

118 119

115

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

104.

(a)

Not

ice

of g

ener

al m

eetin

g N

otic

e of

eve

ry g

ener

al m

eetin

g sh

all

be g

iven

in

any

man

ner h

erei

n be

fore

aut

horiz

ed to

:- (i)

ev

ery

of th

e C

ompa

ny e

xcep

t tho

se m

embe

rs w

ho

(hav

ing

no r

egis

tere

d ad

dres

s w

ithin

Mal

aysi

a) h

ave

not

supp

lied

to th

e C

ompa

ny a

n ad

dres

s with

in M

alay

sia

for t

he

givi

ng o

f not

ice

to th

em;

(ii)

ever

y pe

rson

ent

itle

to a

sha

re i

n co

nseq

uenc

e of

th

e de

ath,

ban

krup

tcy

or in

solv

ency

of

a m

embe

r w

ho, b

ut

for h

is d

eath

, ban

krup

tcy

or in

solv

ency

, wou

ld b

e en

title

d to

re

ceiv

e no

tice

of th

e m

eetin

g;

(iii)

the

audi

tor f

or th

e tim

e be

ing

of th

e C

ompa

ny, a

nd

(iv)

ever

y st

ock

exch

ange

on

whi

ch t

he C

ompa

ny’s

sh

ares

are

list

ed.

(b)

No

othe

r pe

rson

sha

ll be

ent

itled

to r

ecei

ve n

otic

es

of g

ener

al m

eetin

gs.

124.

(a)

Not

ice

of g

ener

al m

eetin

g N

otic

e of

eve

ry g

ener

al m

eetin

g sh

all b

e gi

ven

in a

ny m

anne

r he

rein

bef

ore

auth

oriz

ed to

:- (i)

ev

ery

Mem

ber

of th

e C

ompa

ny e

xcep

t tho

se M

embe

rs

who

(ha

ving

no

regi

ster

ed a

ddre

ss w

ithin

Mal

aysi

a) h

ave

not

supp

lied

to t

he C

ompa

ny a

n ad

dres

s w

ithin

Mal

aysi

a fo

r th

e gi

ving

of n

otic

e to

them

; (ii

) ev

ery

pers

on e

ntitl

ed to

a s

hare

in

cons

eque

nce

of th

e de

ath,

ban

krup

tcy

or in

solv

ency

of

a M

embe

r w

ho, b

ut f

or h

is de

ath,

ban

krup

tcy

or i

nsol

venc

y, w

ould

be

entit

led

to r

ecei

ve

notic

e of

the

mee

ting;

(ii

i) th

e au

dito

r for

the

time

bein

g of

the

Com

pany

; and

(iv

) ev

ery

stoc

k ex

chan

ge o

n w

hich

the

Com

pany

’s s

hare

s ar

e lis

ted;

and

(v

)

eve

ry D

irec

tor

for

the

time

bein

g of

the

Com

pany

. (b

) N

o ot

her

pers

on s

hall

be e

ntitl

ed t

o re

ceiv

e no

tices

of

gene

ral m

eetin

gs.

WIN

DIN

G-U

P 10

5A

On

a w

indi

ng u

p of

the

Com

pany

the

bala

nce

of th

e as

sets

av

aila

ble

for d

istri

butio

n am

ong

the

Mem

bers

sha

ll (s

ubje

ct

to a

ny s

peci

al r

ight

s at

tach

ing

to a

ny c

lass

of

Shar

es)

be

appl

ied

in re

payi

ng to

the

Mem

bers

the

amou

nts

paid

up

on

the

Shar

es h

eld

by th

em a

nd a

ny s

urpl

us a

sset

s w

ill b

elon

g to

the

hol

ders

of

any

issu

ed o

rdin

ary

Shar

es a

ccor

ding

to

the

resp

ectiv

e nu

mbe

rs o

f Sh

ares

hel

d by

them

or,

if th

ere

125.

No

amen

dmen

ts re

quire

d.

Page 124: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

120

116

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

are

no is

sued

ord

inar

y Sh

ares

, to

the

hold

ers

of a

ny is

sued

un

clas

sifie

d Sh

ares

acc

ordi

ng to

the

resp

ectiv

e nu

mbe

rs o

f Sh

ares

hel

d by

them

.

105B

D

istri

butio

n in

Spe

cie

If th

e co

mpa

ny i

s w

ound

up

the

liqui

dato

r m

ay,

with

the

sa

nctio

n of

a s

peci

al r

esol

utio

n of

the

Com

pany

div

ide

amon

gst t

he m

embe

rs in

kin

d th

e w

hole

or

any

part

of th

e as

sets

of t

he C

ompa

ny (w

heth

er th

ey c

onsi

sts o

f pro

perty

of

the

sam

e ki

nd o

r no

t) an

d m

ay f

or t

he p

urpo

se s

et s

uch

valu

e as

he

deem

s fa

ir up

on a

ny p

rope

rty to

be

divi

ded

as

afor

esai

d an

y m

ay d

eter

min

e ho

w t

he d

ivis

ion

shal

l be

ca

rrie

d ou

t as

bet

wee

n th

e m

embe

rs.

The

liqui

dato

r m

ay,

with

the

lik

e sa

nctio

n, v

est

the

who

le o

r an

y pa

rt of

any

su

ch a

sset

s in

trust

ees u

pon

such

trus

ts fo

r the

ben

efit

of th

e co

ntrib

utor

s as

the

liqui

dato

r, w

ith th

e lik

e sa

nctio

n, th

inks

fit

, but

so

that

no

num

ber s

hall

be c

ompe

lled

to a

ccep

t any

sh

ares

or o

ther

secu

ritie

s whe

reon

ther

e is

any

liab

ility

.

126.

No

amen

dmen

ts re

quire

d.

105.

Liqu

idat

ors’

com

mis

sion

O

n th

e vo

lunt

ary

liqui

datio

n of

th

e C

ompa

ny

no

com

mis

sion

or

fee

shal

l be

pai

d to

a l

iqui

dato

r un

less

it

shal

l ha

ve b

een

appr

oved

or

ratif

ied

by t

he s

hare

hold

ers.

The

amou

nt o

f su

ch p

aym

ent

shal

l be

not

ified

to

all

shar

ehol

ders

at l

east

7 d

ays

prio

r to

the

mee

ting

at w

hich

it

is to

be

cons

ider

ed.

- To

be

dele

ted.

Page 125: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

120 121

117

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

IND

EM

NIT

Y

106.

(a)

Inde

mni

ty o

f Dire

ctor

s and

oth

er o

ffic

ers

Subj

ect

to t

he p

rovi

sion

s of

the

Act

, ev

ery

Dire

ctor

and

ot

her

offic

er

or

serv

ant

of

the

Com

pany

sh

all

be

inde

mni

fied

by th

e C

ompa

ny a

gain

st lo

ss a

nd it

sha

ll be

the

duty

of

the

Dire

ctor

s ou

t of

the

fun

ds o

f th

e C

ompa

ny t

o pa

y al

l cos

ts.

Loss

es a

nd e

xpen

ses

whi

ch th

e D

irect

ors

or

any

such

oth

er o

ffic

er o

r se

rvan

t m

ay i

ncur

or

beco

me

liabl

e to

by

reas

on o

f an

y co

ntra

ct e

nter

ed i

nto

or a

ct o

r th

ing

done

by

them

or

him

as

such

or

in a

ny w

ay i

n th

e di

scha

rge

of

thei

r or

hi

s du

ties

incl

udin

g tra

velli

ng

expe

nses

. (b

) N

o D

irect

or o

r ot

her

offic

er o

f th

e C

ompa

ny s

hall

be l

iabl

e fo

r th

e ac

ts, r

ecei

pts,

negl

ects

or

defa

ults

of

any

Dire

ctor

or o

ffic

er o

r for

join

ing

in a

ny re

ceip

t or o

ther

act

fo

r co

nfor

mity

or

for

any

loss

or

expe

nse

happ

enin

g to

the

Com

pany

thro

ugh

the

insu

ffic

ienc

y or

def

icie

ncy

of ti

tle to

an

y pr

oper

ty a

cqui

red

by o

rder

of

the

Dire

ctor

s fo

r or

on

beha

lf or

the

Com

pany

or f

or th

e in

suff

icie

ncy

or d

efic

ienc

y of

any

sec

urity

or

inve

stm

ent i

n or

upo

n w

hich

any

of

the

mon

eys

of th

e C

ompa

ny s

hall

be in

vest

ed o

r for

any

loss

or

dam

age

aris

ing

from

the

inso

lven

cy o

r to

rtiou

s ac

t of

any

pe

rson

with

who

m a

ny m

oney

s, se

curit

ies

or o

ccas

ione

d by

an

y er

ror

of ju

dgem

ent o

r ov

ersi

ght o

n hi

s pa

rt or

for

any

ot

her

loss

, da

mag

e or

mis

fortu

ne w

hate

ver

whi

ch s

hall

happ

en i

n th

e ex

ecut

ion

of t

he d

utie

s of

his

off

ice

or i

n re

latio

n th

eret

o un

less

the

sam

e ha

ppen

thr

ough

his

ow

n ne

glig

ence

or d

isho

nest

y.

127.

(a)

Inde

mni

ty o

f Dire

ctor

s and

oth

er o

ffic

ers

Subj

ect

to t

he p

rovi

sion

s of

the

Act

, eve

ry D

irect

or a

nd o

ther

of

ficer

or

serv

ant o

f th

e Co

mpa

ny s

hall

be in

dem

nifie

d by

the

Com

pany

aga

inst

loss

and

it s

hall

be th

e du

ty o

f th

e D

irect

ors

out o

f th

e fu

nds

of th

e C

ompa

ny to

pay

all

cost

s. L

osse

s an

d ex

pens

es w

hich

the

Dire

ctor

s or

any

suc

h ot

her

offic

er o

r se

rvan

t may

incu

r or b

ecom

e lia

ble

to b

y re

ason

of a

ny c

ontra

ct

ente

red

into

or

act o

r th

ing

done

by

them

or

him

as

such

or

in

any

way

in

the

disc

harg

e of

the

ir or

his

dut

ies

incl

udin

g tra

velli

ng e

xpen

ses.

(b)

No

Dire

ctor

or

othe

r of

ficer

of

the

Com

pany

sha

ll be

lia

ble

for

the

acts

, rec

eipt

s, ne

glec

ts o

r de

faul

ts o

f any

Dire

ctor

or

of

ficer

or

fo

r jo

inin

g in

an

y re

ceip

t or

ot

her

act

for

conf

orm

ity

or

for

any

loss

or

ex

pens

e ha

ppen

ing

to

the

Com

pany

thro

ugh

the

insu

ffic

ienc

y or

def

icie

ncy

of ti

tle to

any

pr

oper

ty a

cqui

red

by o

rder

of

the

Dire

ctor

s fo

r or

on

beha

lf or

th

e C

ompa

ny o

r fo

r th

e in

suff

icie

ncy

or d

efic

ienc

y of

any

se

curit

y or

inve

stm

ent i

n or

upo

n w

hich

any

of

the

mon

eys

of

the

Com

pany

sha

ll be

inve

sted

or f

or a

ny lo

ss o

r dam

age

aris

ing

from

the

ins

olve

ncy

or t

ortio

us a

ct o

f an

y pe

rson

with

who

m

any

mon

eys,

secu

ritie

s or

occ

asio

ned

by a

ny e

rror

of j

udge

men

t or

ove

rsig

ht o

n hi

s pa

rt or

for

any

oth

er l

oss,

dam

age

or

mis

fortu

ne w

hate

ver w

hich

sha

ll ha

ppen

in th

e ex

ecut

ion

of th

e du

ties

of h

is o

ffic

e or

in re

latio

n th

eret

o un

less

the

sam

e ha

ppen

th

roug

h hi

s ow

n ne

glig

ence

or d

isho

nest

y.

Inde

mni

ty

(1)

Subj

ect

to t

he p

rovi

sions

of

the

Act

, the

Com

pany

may

Page 126: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

122

118

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

inde

mni

fy a

n of

ficer

of

the

Com

pany

for

any

cos

ts

incu

rred

by

him

or

the

Com

pany

in

resp

ect

of a

ny

proc

eedi

ngs–

(a)

that

rel

ate

to t

he li

abili

ty f

or a

ny a

ct o

r om

issio

n in

hi

s cap

acity

as a

n of

ficer

; and

(b)

in w

hich

judg

men

t is g

iven

in fa

vour

of t

he o

ffic

er o

r in

whi

ch t

he o

ffic

er is

acq

uitte

d or

is g

rant

ed r

elie

f un

der

the

Act

, or

w

here

pr

ocee

ding

s ar

e di

scon

tinue

d or

not

pur

sued

. (2

) Su

bjec

t to

the

pro

visio

ns o

f th

e A

ct, t

he C

ompa

ny m

ay

inde

mni

fy a

n of

ficer

of t

he C

ompa

ny in

res

pect

of –

(a)

any

liabi

lity

to a

ny p

erso

n, o

ther

than

the

Com

pany

, fo

r an

y ac

t or

omiss

ion

in h

is c

apac

ity a

s an

offic

er;

(b

) an

y co

sts

incu

rred

by

that

off

icer

in

defe

ndin

g or

se

ttlin

g an

y cl

aim

or

proc

eedi

ngs

rela

ting

to s

uch

liabi

lity

exce

pt –

(i)

any

liab

ility

of t

he D

irec

tor

to p

ay -

(a

a) A

fine

impo

sed

in c

rim

inal

pro

ceed

ings

; or

(b

b) a

sum

pay

able

to a

reg

ulat

ory

auth

ority

by

way

of

a p

enal

ty i

n re

spec

t of

non

-com

plia

nce

with

an

y re

quir

emen

t of

a

regu

lato

ry

natu

re,

how

soev

er a

risi

ng; o

r

(ii) a

ny li

abili

ty in

curr

ed b

y th

e D

irec

tor

-

Page 127: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

122 123

119

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(aa)

in d

efen

ding

any

cri

min

al p

roce

edin

gs in

whi

ch

he is

con

vict

ed; o

r (b

b) i

n de

fend

ing

any

civi

l pr

ocee

ding

s br

ough

t by

th

e C

ompa

ny,

or a

n as

soci

ated

com

pany

, in

w

hich

judg

men

t is g

iven

aga

inst

him

; or

(cc)

an

y co

sts

incu

rred

in

co

nnec

tion

with

an

ap

plic

atio

n fo

r re

lief u

nder

the

Act

.

(3)

The

Com

pany

may

, w

ith t

he p

rior

app

rova

l of

the

B

oard

, eff

ect i

nsur

ance

for

an o

ffic

er o

f the

Com

pany

in

resp

ect o

f –

(a

) ci

vil l

iabi

lity,

for

any

act o

r om

issi

on in

his

capa

city

as

an

offic

er; a

nd

(b

) co

sts

incu

rred

by

that

off

icer

in d

efen

ding

or

sett

ling

any

clai

m

or

proc

eedi

ng

rela

ting

to

any

such

lia

bilit

y; o

r

(c)

cost

s inc

urre

d by

that

off

icer

in d

efen

ding

or

sett

ling

any

proc

eedi

ngs

that

hav

e be

en b

roug

ht a

gain

st th

at

pers

on i

n re

latio

n to

any

act

or

omiss

ion

in t

hat

pers

on’s

cap

acity

as a

n of

ficer

(i)

in w

hich

that

per

son

is ac

quitt

ed;

(ii

) in

whi

ch t

hat

pers

on is

gra

nted

rel

ief

unde

r th

e A

ct; o

r

(iii)

whe

re p

roce

edin

gs a

re d

isco

ntin

ued

or n

ot

purs

ued.

Page 128: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

124

120

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(4)

The

pro

visio

ns o

f su

b-ru

les

(1),

(2)(

a) a

nd 2

(b)

abov

e sh

all n

ot a

pply

to a

ny c

ivil

or c

rim

inal

liab

ility

in r

espe

ct

of a

bre

ach

by a

Dir

ecto

r of

his

dutie

s un

der

sect

ion

213

of th

e A

ct.

(5)

The

Dir

ecto

rs sh

all –

(a)

reco

rd o

r ca

use

to b

e re

cord

ed in

the

min

utes

of t

he

Boa

rd; a

nd

(b

) di

sclo

se o

r ca

use

to b

e di

sclo

sed

in t

he D

irec

tors

’ re

port

ref

erre

d to

in se

ctio

n 25

3 of

the

Act

,

(6)

the

part

icul

ars

of a

ny i

ndem

nity

giv

en,

or i

nsur

ance

ef

fect

ed fo

r an

y of

ficer

of t

he C

ompa

ny.

For

the

purp

ose

of th

is R

ule–

(a)

“off

icer

” in

clud

es –

(i)

any

Dir

ecto

r,

Man

ager

, Se

cret

ary

or

empl

oyee

of t

he C

ompa

ny;

(ii

) a

form

er o

ffic

er;

(ii

i) a

Rec

eive

r or

Rec

eive

r an

d M

anag

er o

f any

pa

rt o

f th

e un

dert

akin

g of

the

Com

pany

ap

poin

ted

unde

r a

pow

er c

onta

ined

in a

ny

inst

rum

ent;

and

(iv)

any

Liq

uida

tor

of t

he C

ompa

ny a

ppoi

nted

in

a v

olun

tary

win

ding

up,

but

doe

s no

t

Page 129: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

124 125

121

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

incl

ude

(aa)

an

y R

ecei

ver

who

is

no

t al

so

a M

anag

er;

(b

b) a

ny R

ecei

ver

and

Man

ager

app

oint

ed

by C

ourt

; or

(c

c) a

ny L

iqui

dato

r ap

poin

ted

by th

e C

ourt

or

by

the

Cre

dito

rs o

f the

Com

pany

;

(b)

“eff

ect

insu

ranc

e”

incl

udes

pa

ymen

t, w

heth

er

dire

ctly

or

indi

rect

ly, t

he c

osts

of t

he in

sura

nce;

and

(c)

“ind

emni

fy”

incl

udes

rel

ief

or e

xcus

e fr

om li

abili

ty,

whe

ther

bef

ore

or a

fter

the

lia

bilit

y ar

ises,

and

“ind

emni

ty”

has a

cor

resp

ondi

ng m

eani

ng.

SE

CR

EC

Y

107.

Secr

ecy

Save

as

may

be

expr

essl

y pr

ovid

ed b

y th

e A

ct, n

o m

embe

r sh

all

be e

ntitl

ed t

o en

ter

into

or

upon

or

insp

ect

any

prem

ises

or

pr

oper

ty

of

the

Com

pany

no

r to

re

quire

di

scov

ery

of a

ny i

nfor

mat

ion

resp

ectin

g an

y de

tail

of t

he

Com

pany

’s tr

adin

g or

any

mat

ter w

hich

is o

r may

be

in th

e na

ture

of

a tra

de s

ecre

t, m

yste

ry o

f tra

de o

r se

cret

pro

cess

w

hich

may

rel

ate

to t

he c

ondu

ct o

f th

e bu

sine

ss o

f th

e C

ompa

ny a

nd w

hich

, in

the

opi

nion

of

the

Dire

ctor

s, it

wou

ld b

e in

expe

dien

t in

the

inte

rest

s of

the

mem

bers

of t

he

Com

pany

to c

omm

unic

ate

to th

e pu

blic

.

128.

No

amen

dmen

ts re

quire

d.

Page 130: SYARIKAT TAKAFUL MALAYSIA BERHAD · Syarikat Takaful Malaysia Keluarga Berhad), Syarikat Takaful Malaysia Am Berhad, subject to the operational and system readiness of the single

126

122

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

ALT

ERA

TIO

N O

F C

ON

STIT

UT

ION

108.

Alte

ratio

n of

Arti

cles

N

o de

letio

n, a

men

dmen

t or a

dditi

on to

any

of t

hese

Arti

cles

sh

all b

e m

ade

unle

ss p

rior w

ritte

n ap

prov

al h

as b

een

soug

ht

and

obta

ined

fr

om

the

Exch

ange

or

an

y ot

her

stoc

k ex

chan

ge o

n w

hich

the

Com

pany

’s s

hare

s ar

e lis

ted

from

su

ch d

elet

ion,

am

endm

ent o

r add

ition

.

129.

Alte

ratio

n of

Arti

cles

Con

stitu

tion

No

dele

tion,

am

endm

ent o

r add

ition

to a

ny o

f the

se A

rticl

es th

is

Con

stitu

tion

shal

l be

mad

e un

less

prio

r w

ritte

n ap

prov

al h

as

been

sou

ght a

nd o

btai

ned

from

the

Exch

ange

or a

ny o

ther

sto

ck

exch

ange

on

whi

ch th

e C

ompa

ny’s

sha

res

are

liste

d fr

om s

uch

dele

tion,

am

endm

ent o

r add

ition

.

109A

Ef

fect

of t

he E

xcha

nge

List

ing

Req

uire

men

ts

(i).

Not

with

stan

ding

an

ythi

ng

cont

aine

d in

th

ese

Arti

cles

, if

the

List

ing

Req

uire

men

ts p

rohi

bit a

n ac

t bei

ng

done

, the

act

shal

l not

be

done

. (ii

). N

othi

ng c

onta

ined

in th

ese

Arti

cles

shal

l pre

vent

an

act b

eing

don

e if

the

List

ing

Req

uire

men

ts re

quire

suc

h ac

t to

be

done

. (ii

i).

If th

e Li

stin

g R

equi

rem

ents

req

uire

an

act

to b

e do

ne o

r not

to b

e do

ne, a

utho

rity

is g

iven

for t

hat a

ct to

be

done

or n

ot to

be

done

(as t

he c

ase

may

be)

. (iv

). If

the

List

ing

Req

uire

men

ts re

quire

thes

e A

rticl

es to

co

ntai

n a

prov

isio

n an

d th

ey

do

not

cont

ain

such

a

prov

isio

n, t

hese

Arti

cles

sha

ll be

dee

med

to

cont

ain

such

pr

ovis

ion.

(v

). If

the

List

ing

Req

uire

men

ts r

equi

re t

hese

Arti

cles

no

t to

cont

ain

a pr

ovis

ion

and

they

con

tain

such

a p

rovi

sion

, th

ese

Arti

cles

sh

all

be

deem

ed

not

to

cont

ain

such

pr

ovis

ion.

130.

Effe

ct o

f the

Exc

hang

e Li

stin

g R

equi

rem

ents

(i)

.(a)

Not

with

stan

ding

any

thin

g co

ntai

ned

in t

hese

Arti

cles

th

is C

onst

itutio

n, i

f th

e Li

stin

g R

equi

rem

ents

pro

hibi

t an

act

be

ing

done

, the

act

shal

l not

be

done

. (ii

).(b)

Not

hing

con

tain

ed i

n th

ese

Arti

cles

thi

s C

onst

itutio

n sh

all

prev

ent

an a

ct b

eing

don

e if

the

List

ing

Req

uire

men

ts

requ

ire su

ch a

ct to

be

done

. (ii

i).(c

) If

the

List

ing

Req

uire

men

ts re

quire

an

act t

o be

don

e or

no

t to

be d

one,

aut

horit

y is

giv

en fo

r tha

t act

to b

e do

ne o

r not

to

be d

one

(as t

he c

ase

may

be)

. (iv

).(d)

If

the

List

ing

Req

uire

men

ts r

equi

re t

hese

Arti

cles

thi

s C

onst

itutio

n to

con

tain

a p

rovi

sion

and

the

y do

not

con

tain

su

ch a

pro

visi

on,

thes

e A

rticl

es t

his

Con

stitu

tion

shal

l be

de

emed

to c

onta

in su

ch p

rovi

sion

. (v

).(e)

If

the

List

ing

Req

uire

men

ts r

equi

re t

hese

Arti

cles

thi

s C

onst

itutio

n no

t to

cont

ain

a pr

ovis

ion

and

they

con

tain

suc

h a

prov

isio

n, th

ese

Arti

cles

this

Con

stitu

tion

shal

l be

deem

ed n

ot

to c

onta

in su

ch p

rovi

sion

.

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126 127

123

Old

No.

O

rigi

nal R

ule

New

No.

Pr

opos

ed A

men

dmen

ts

(vi).

If

any

prov

isio

n of

the

se A

rticl

es i

s or

bec

omes

in

cons

iste

nt w

ith t

he L

istin

g R

equi

rem

ents

, th

ese

Arti

cles

sh

all b

e de

emed

not

to c

onta

in s

uch

prov

isio

n to

the

exte

nt

of th

e in

cons

iste

ncy.

(v

ii).

For t

he p

urpo

se o

f the

se A

rticl

es, u

nles

s the

con

text

ot

herw

ise

requ

ires,

“Lis

ting

Req

uire

men

ts”

mea

ns

the

List

ing

Req

uire

men

ts

of

the

Exch

ange

in

clud

ing

any

amen

dmen

t to

the

List

ing

Req

uire

men

ts th

at m

ay b

e m

ade

from

tim

e to

tim

e.”

(vi).

(f)

If an

y pr

ovis

ion

of th

ese

Arti

cles

this

Con

stitu

tion

is o

r be

com

es i

ncon

sist

ent

with

the

Lis

ting

Req

uire

men

ts,

thes

e A

rticl

es t

his

Con

stitu

tion

shal

l be

deem

ed n

ot to

con

tain

suc

h pr

ovis

ion

to th

e ex

tent

of t

he in

cons

iste

ncy.

(v

ii).(g

) For

the

pur

pose

of

thes

e A

rticl

es t

his

Con

stitu

tion,

un

less

the

con

text

oth

erw

ise

requ

ires,

“Lis

ting

Req

uire

men

ts”

mea

ns th

e Li

stin

g R

equi

rem

ents

of t

he E

xcha

nge

incl

udin

g an

y am

endm

ent t

o th

e Li

stin

g R

equi

rem

ents

that

may

be

mad

e fr

om

time

to ti

me.

CO

MPL

IAN

CE

[N

ew R

ule]

13

1.

N

otw

ithst

andi

ng t

hese

Rul

es,

the

Com

pany

sha

ll co

mpl

y w

ith t

he A

ct, t

he C

entr

al D

epos

itori

es A

ct, t

he R

ules

of

the

Dep

osito

ry, a

nd t

he L

istin

g R

equi

rem

ents

in

resp

ect

of a

ll m

atte

rs w

here

app

licab

le.

[New

Rul

e]

132.

If a

ny o

f the

Rul

es in

this

Con

stitu

tion

is in

cons

iste

nt w

ith o

r in

bre

ach

of a

ny o

f the

pro

visio

ns o

f the

Act

oth

er th

an a

ny

repl

acea

ble

Rul

e w

hich

has

bee

n m

odifi

ed,

repl

aced

or

excl

uded

by

the

prov

ision

s in

this

Con

stitu

tion,

then

(a)

that

Rul

e sh

all b

e re

ad d

own

to th

e ex

tent

nec

essa

ry

to c

ompl

y w

ith th

e pr

ovis

ions

of t

he A

ct; a

nd

(b)

that

R

ule

or

thos

e po

rtio

ns

ther

eof

whi

ch

are

inco

nsist

ent

with

or

in b

reac

h of

any

pro

visi

on o

f th

e A

ct

shal

l be

str

uck

out

and

deem

ed n

ot t

o fo

rm p

art

of t

his

Con

stitu

tion.

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128

1

THE COMPANIES ACT, 2016

PUBLIC COMPANY LIMITED BY SHARES

CONSTITUTION

OF

SYARIKAT TAKAFUL MALAYSIA BERHAD

PRELIMINARY

1. The name of the Company is ‘SYARIKAT TAKAFUL MALAYSIA BERHAD’.

2. The Registered Office of the Company will be situated in Malaysia.

3. All businesses of the Company will be transacted in accordance with Islamic principles, rules and practices.

4. The objects for which the Company is established are:-

(1) To establish and transact every kind of takaful and re-takaful businesses including family takaful/re-takaful business (Islamic alternative to life insurance) and general takaful/re-takaful business (Islamic alternative to non-life insurance) and to do all such other things as are incidental or conducive to the attainment of those objects.

(2) To undertake and execute trusts of all kinds and to act as trustee, executor, administrator, receiver, guardian, committee or in other fiduciary position and generally to transact all kinds of trust and other agency business either gratuitously or otherwise.

(3) To enter into partnership or arrangement for sharing profits, union of interests, cooperation, joint venture, reciprocal concession or otherwise with any person or company carrying on or engaged in, any business and transaction which this Company is authorized to carry on or engage in, or any business or transaction capable of being conducted so as directly to benefit this Company.

(4) To acquire and undertake the whole or any part of the business, property and liabilities of any person or company carrying on any business which this Company is authorised to carry on, or possessed of property suitable for the purpose of the Company.

(5) To take or otherwise acquire, hold and dispose of shares or stock in any other company having objects altogether or in part similar to those of this Company or carrying on any business capable of being conducted so as directly or indirectly to benefit this Company.

(6) To purchase, take on lease or in exchange, hire or otherwise acquire, any immovable or movable, real and personal property and any rights or privileges which the Company may think necessary or convenient for the purposes of its business or which may enhance the value of any other property of the Company.

APPENDIX II

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128 129

2

(7) To sell, improve, develop, exchange lease, mortgage, charge, dispose of, turn to account, or

otherwise deal with, all or any part of the property and rights of the Company (8) To do all kinds of guarantee business which this Company is authorised to carry on. (9) To establish or promote, any limited company or companies for the purpose of acquiring all

or any of the property, rights and liabilities at this Company, or for any other which may seem directly or indirectly calculated to benefit this Company.

(10) To invest deal with the moneys of the Company not immediately required in such manner as

may from time to time be determined and in particular in purchasing, otherwise acquiring and holding shares in any Company, corporation, association or society.

(11) To lend or advance money to any person, firm, company or corporation and on such terms as

may seem expedient. (12) To enter into contracts for the purchase, sale and administration of real and personal estate or

property and to arrange financing with or without security in connection therewith. (13) To amalgamate with any other company having objects altogether or in parts similar to these

of this Company. (14) To construct, maintain, and alter any building necessary or convenient for the purposes of the

Company. (15) To borrow, raise or take up money in such manner as the Company shall think fit, and to

secure the payment of any money borrowed, raised or owing by mortgage, charge or lien upon all or any of the property or assets of the Company (both present and future) including its uncalled capital, and also by a similar mortgage, charge: or lien to secure and guarantee the performance by the Company or, any other person or company of any obligation undertaken by the Company or any other person or company as the case may be.

(16) To enter into any arrangements with any governments or authorities, supreme, municipal,

local or otherwise, or any person or company that may seem conducive to the objects of the Company or any of them, and to obtain from any such governments at authority, person or company any rights privileges, charters, contracts, licences and concessions which the Company may think it desirable to obtain and to carry out, exercise and comply therewith.

(17) To draw, make, accept, endorse, execute, and issue promissory notes bills of exchange, bills

of lading, warrants, and any other negotiable or transferable instruments. (18) To apply for, promote and obtain the passing of any provisional order, Act or Parliament

Ordinance or Enactment, charter, privileges, concession, licence or authorisation of any government, state or municipality or other authority for enabling the Company to carry on any of its objects into effect or for extending any of the powers of the Company or for effecting any modification of the constitution at the Company or for any other purpose which may seem expedient, and to oppose any proceedings or applications which may seem expedient directly or indirectly to prejudice the interests of the Company.

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130

3

(19) To apply or dispose of the business, property and undertaking of the Company or any part thereof, for such consideration as the Company may think fit, and in particular for shares, stocks or securities of any other company having objects altogether or in part similar to those of this Company.

(20) To take or concur in taking all such steps and proceedings may seem best calculated to

uphold and support the credit of the Company, and to obtain and justify public confidence, and to obtain or minimize financial disturbances which might affect the Company.

(21) To do all or any of the above things in any part of the world and as principles, agents,

contractors, or otherwise and by or through agents, or otherwise, and either alone or in conjunction with other and to procure the company to be registered and recognised in any part of the world.

(22) To establish and maintain or procure the establishment and maintenance of any contributory

or non-contributory pension or superannuation funds for the benefit of and give or procure the giving of donations, gratuities, pensions, allowances of emouluments to any persons who are or were at any time in the employment of service of the Company, or of any company which is a subsidiary of the Company or is allied to or associated with the Company or with any such subsidiary of the company, or who are or were at any time director or officers of the Company or of any such other company as aforesaid, and their wives, widows and families, and to subsidise and to subscribe to any institutions, associations, clubs or funds calculated to be for the benefit of or to advance the interests and well-being at of the Company or of any such other company as aforesaid, either alone or in conjunction with any other such company as aforesaid.

(23) To adopt such means of making known as advertising the business and services of the

Company as may seem expedient. (24) To make donations for religious, patriotic or charitable purposes. (25) To transact any lawful business in aid of Malaysia in the prosecution or any war or hostilities

in which Malaysia is engaged. (26) To distribute any of the property of the Company among the Members in specie or otherwise. (27) To do all such other things as are incidental or conducive to the attainment of the above

objects or any of them.

AND IT IS HEREBY DECLARED that the word “Company” in this Rule shall be deemed to include any partnership or other body of persons whether incorporated or not incorporated and whether domiciled in Malaysia or otherwise and the objects specified in each of the paragraphs of this Rule shall be regarded as independent objects and accordingly shall in no way be limited or restricted (except where expressed in such paragraphs) by reference to or inference from the terms of any other paragraphs, but may be carried out in as full and ample a manner and construed in as wide a sense as, if each of the said paragraphs defined the objects of a separate and distinct company. PROVIDED ALWAYS that nothing in this Constitution contained shall also empower the Company to carry on any business or do anything involving any element which is not approved by the Religion of Islam.

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130 131

4

5. (a) The Company is a body corporate and shall –

(i) have a legal personality separate from that of its Members; and (ii) continue in existence until it is removed from the register maintained by the registrar

of companies in Malaysia.

(b) The Company is a public company limited by shares. Accordingly the liability of each Member is limited to –

(i) the amount which remains unpaid on that Member’s shares; (ii) any liability expressly provided for in this Constitution; and (iii) any liability as provided for under the Act.

6. The share capital of the Company is its issued share capital. The Company shall have power to

increase or reduce the capital, to consolidate or subdivide the shares into shares of larger or smaller amounts and to attach thereto respectively, conditions as may be determined by or in accordance with the regulations for the time being of the Company and to issue any part of its capital, original or increased, with or without any preference, priority or special privilege or subject to any postponement of rights or to any conditions or restrictions and to vary or abrogate the rights attached to any class of shares in the Company; and so that unless the conditions of issue shall otherwise expressly declare, every issue of shares whether declared to be preference or otherwise shall be subject to the powers hereinbefore contained.

7. Not less than fifty-one per cent (51%) of the membership of, and shares in the Company shall at

all times consist of or be issued to the Federal and any State Government or any Muslim Bumiputra Institution or Muslim Bumiputra or body corporate being a Muslim Bumiputra company and not a corporation under foreign control, duly approved for the purpose of this Rule by the Minister and shall not thereafter at any time be assigned or transferred to or held by any person or corporation or other legal person who and which is not any of the abovestated, as the case may.

INTERPRETATION 8. In this Constitution the words standing in the first column of the Table next hereinafter contained

shall bear the meaning set opposite to them respectively in the second column thereof, if not inconsistent with the subject or context.

WORDS MEANINGS the Act - The Companies Act, 2016 and any statutory modification or

amendment thereto or re-enactment thereof.

Alternate Director - Any person who has been appointed and for the time being holds office as an alternate director of the Company in accordance with the provisions of this Constitution.

Board of Directors - Directors of the Company whose number is not less than the required

quorum acting as a board of Directors. Central Depository - Malaysian Central Depository Sdn. Bhd.

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5

Central Depositories Act - The Securities Industry (Central Depositories) Act 1991. Chairman - The Chairman of the Board of Directors and includes, in the absence of

the Chairman, the Deputy Chairman except for the purposes of Rules 53, 58(b) and 104.

the Company - Syarikat Takaful Malaysia Berhad (131646-K). the Constitution - This Constitution, as originally framed or as amended from time to

time. Corporation under - Includes:- foreign control

(a) A corporation of which the majority of the Directors or persons occupying the position of Directors, by whatever name called, are foreigners.

(b) A corporation in which shares conferring a majority of votes

are held by foreigners or by foreign corporations or by persons or corporations who hold directly or indirectly for foreigners or foreign corporations.

(c) A corporation which is by any other means whether of a like

or of a different character, in fact under the control of foreigners or foreign corporations.

(d) A corporation which is managed by a “foreign corporation” or

a “corporation under foreign control” within the meaning of the respective definitions of the expressions contained in this Rule.

Deposited Security - Shall have the meaning ascribed to it under Section 2 of the Securities

Industry (Central Depositories) Act, 1991. Depositor - A holder of Securities Account established by the Depository. Depository - Bursa Malaysia Depository Sdn. Bhd. (165570-W) including any

further change to its name. the Directors - Persons who have been appointed and for the time being hold office as

a Director of the Company in accordance with the provisions of the Act and this Constitution and, unless the context otherwise provides or requires, includes an Alternate Director.

Entitled Person - A person who is a Malaysian citizen or a body corporate or authority

incorporated under a Federal law of Malaysia or a law of any State of Malaysia or a company not being a corporation under foreign control or a firm registered in Malaysia whose partners are all Malaysian citizens and, for the purpose of this Constitution, includes the Federal Government or any State Government.

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6

the Exchange - The Bursa Malaysia Securities Berhad (635998-W) including any further change to its name.

Foreigner - A person who is not an Entitled Person.

Foreign Corporation - (a) a company, corporation, society, association or other body

incorporated or registered outside Malaysia; or

(b) an unincorporated society, association or other body which under the law of its place of origin may sue or be sued, or hold property in the name of the secretary or other officer of the body or association duly appointed for that purpose and which does not have its head office or principal place of business in Malaysia; or

(c) an unincorporated society, association or other body which if it

were a corporation would be a corporation under foreign control. Malay - A person who professes the Muslim religion, habitually speaks the

Malay language, conforms to the Malay custom and is a citizen of Malaysia.

Manager - Means the principal executive officer of the Company for the time being

by whatever name called and whether or not he is a Director. Managing Director - Includes an executive Director. Market Day - A day on which the stock market of the Exchange is open for trading in

securities. Member/Members - Any person/persons for the time being holding shares in the Company

and whose names appear in the Register of Members (except for the Bursa Depository Nominees Sdn. Bhd.) including a depositor who shall be treated as if he was a Member pursuant to Section 35 of the Securities Industry (Central Depositories) Act, 1991, but excludes the Depository in its capacity as a bare trustee.

Minister - The Minister of Finance or the Minister for the time being charged with

the responsibility in respect of the matter in question as the case may be.

Muslim Bumiputra Company - A company incorporated in Malaysia the membership or shareholders

whereof is or are restricted to Muslim Bumiputra. Muslim Bumiputra Institution - A body corporate or authority incorporated in Malaysia under a Federal

law of Malaysia or a law of any State of Malaysia, or any company incorporated in Malaysia the membership or shareholders whereof is or are restricted to the Federal or any State Government or such body corporate or authority.

the Office - The Registered Office for the time being of the Company. Proxy - Includes an attorney duly constituted under a power of attorney.

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7

Record of Depositors - A record provided by the Depository to the Company under Chapter 24.0 of the Rules of the Depository.

Register - The Register of Members to be kept pursuant to the Act and unless

otherwise expressed to the contrary, includes the Record of Depositors. these Rules - These Rules of the Constitution as originally framed or as from time to

time altered by Special Resolution. Rules of the Depository - Shall have the meaning ascribed to it under Section 2 of the Securities

Industry (Central Depositories) Act, 1991. the Seal - The Common Seal of the Company.

the Secretary - The Secretary or joint Secretaries of the Company appointed by the

Directors under Rule 109 of this Constitution. Securities - Shall have the meaning ascribed to it under Section 2 of the Securities

Commission Act, 1993. Securities Account - An account established by the Depository for a Depositor for the

recording of deposit of securities and for dealing in such securities by the Depositor as permitted under the Securities Industry (Central Depositories) Act, 1991.

Takaful - A scheme based on solidarity and brotherhood which provides financial

aid and assistance to the participants in case of need whereby the participants mutually agree to contribute for that purpose.

Takaful Company - Any company which carries Islamic insurance business and holds a

valid licence; and all the offices and branches of such a company shall be deemed to be one company.

Expressions referring to writing shall, unless the contrary intention appears be construed as including references to printing, lithography, photography, and other modes of representing or reproducing in a visible form. Words importing the singular number only shall include the plural number and vice versa. Words importing the masculine gender only shall include the feminine and neuter genders and vice versa. Words importing persons shall include corporations. Subject as aforesaid, any words or expressions contained in this Constitution shall be interpreted in accordance with the provisions of the Interpretation Act 1967, and of the Act as in force at the date at which this Constitution become binding on the Company. The marginal notes are inserted for convenience only and shall not affect the construction of this Constitution.

SHARIAH ADVISORY BODY 9. (a) “The Company shall establish a Shariah Advisory Body (or such other name as the relevant

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regulator may require) to advise the Company on the operations of its business in order to ensure that it does not involve in any element which is not Shariah compliant.”

(b) “The Shariah Advisory Body shall comprise Muslim scholars and shall have a minimum of

five (5) and a maximum of seven (7) members. The members shall be appointed for a term not exceeding three (3) years and may be eligible for reappointment.”

(c) “The remuneration of the members of the Shariah Advisory Body shall from time to time

be determined by the Board of Directors.”

CONTROL 10. (a) Control The Company shall not enter into any merger, amalgamation or other arrangement which

will have the effect of transferring the management or control of the Company to any foreigner or any foreign corporation or any corporation under foreign control.

(b) Only Entitled Person to Hold Office No person other than an Entitled Person shall be qualified to hold office as Chief Executive

Officer (by whatever name called), Secretary or Auditor of the Company. 11. Not less than fifty-one per cent (51%) of shares allotted to Government and/or Muslim Bumiputra

Institution.

(a) The Directors shall ensure that not less than fifty-one per cent (51%) of the membership of and the shares in the Company shall at all times consist of or be issued or allotted to or registered in the name of the Federal and any State Government or any Muslim Bumiputra Institution or a body corporate, being a Muslim Bumiputra company and not a corporation under foreign control, duly approved for the purpose of this Rule by the Minister.

The Directors shall further ensure that the said shares so issued, allotted to or registered

shall not thereafter at any time be assigned or transferred to or held by any person or corporation or other legal person who is not any one of the abovestated bodies.

(b) The Directors of the Company shall have discretion in deciding whether any person or

company is a Muslim Bumiputra or Muslim Bumiputra company and any decision made by the Directors in the course of the exercise or any discretion conferred upon them by this Rule shall be final and without appeal and they shall not be called upon or if called upon shall not be bound to give their reasons for their decision.

(c) If a majority of the Directors certify in writing that there is in their opinion reason to

believe that any share in the Company which is allotted or registered in the name or a person who is a Muslim Bumiputra or a company which is a Muslim Bumiputra company or the Federal or State Governments or a Muslim Bumiputra Institution is held by or in trust for or in any way under the control of any person or other legal person who or which is not any of the abovestated as the case may be, then and in any such case the Directors may serve on the holders of such share a notice in writing requiring the holder to prove to the satisfaction of the Directors that the share in question is not so held and unless within three (3) weeks thereafter such proof is given, the Directors may serve such holder with a notice in writing requiring such holder to transfer such shares to any person, company or

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organisation or authority qualified to be a Member of the Company and approved by the Directors and unless such transfer is duly made and delivered to the Company within fourteen (14) days after such notice, the Directors may sell the shares in such manner as they think fit and the provisions of Rules 17 and 18 inclusive shall apply mutatis mutandis.

VARIATION OF RIGHTS 12. (a) If at any time the share capital is divided into different classes of shares-

(i) the repayment of preference capital other than redeemable preference capital; or (ii) the rights attached to any class (unless otherwise provided by the terms of issue of

the shares of that class including that of preference shareholders)

may, only whether or not the Company is being wound up, be made or varied as the case may be, with the sanction of a special resolution passed at a separate meeting of the holders of the shares of the class, PROVIDED ALWAYS that where the necessary majority for such a special resolution is not obtained at the meeting, consent in writing if obtained from the holders of three-fourths (3/4) of the preference shares concerned within two (2) months of the meeting, shall be as valid and effectual as a special resolution carried at the meeting.

(b) The provisions of this Constitution relating to general meetings apply so far as they are

capable of application and mutatis mutandis to every such separate meeting except that- (i) a quorum is constituted by three (3) persons who, between them, hold or represent

by proxy one-third of the issued shares of the class; and (ii) any holder of shares of the class, present in person or by proxy may demand a poll. (c) The rights conferred upon the holders of the shares of any class issued with preferred or

other rights shall, unless otherwise expressly provided by the terms of issue of shares of that class, be deemed to be varied by the creation or issue of further shares ranking equally with the first-mentioned shares.

(d) To every special resolution the provisions of the Act shall with such adaptation as are

necessary apply.

(e) For the purposes of this Rule-

(i) where a person is represented by a proxy or proxies, he is treated as holding only the shares held in respect of which the proxy or proxies are authorised to exercise voting rights;

(ii) any amendment of a provision contained in this Constitution for the variation of

the rights attached to a class of shares or the rights of a class of Members, or the insertion of any such provision into this Constitution, is itself to be treated as a variation of those rights; and

(iii) references to the variation of rights attached to a class of shares or a class of

Members include references to the abrogation.

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(f) A variation of class rights shall take effect in accordance with the Act.

SHARE CAPITAL 13. Shares in the Company may –

(a) be issued in different classes; (b) be redeemable in accordance with the Act; (c) confer preferential rights to distributions of capital or income; (d) confer special, limited or conditional voting rights; or (e) not confer voting rights.

14. (a) Subject to Rule 14(b), the Directors shall not exercise any power to –

(i) allot shares in the Company; (ii) grant rights to subscribe for shares in the Company ; (iii) convert any securities into shares in the Company; or (iv) allot shares under an agreement or option or offer, unless the prior approval by way of ordinary resolution of the Company has been obtained.

(b) Save where an issue of shares or other convertible securities departs from any of the

applicable requirements stipulated in paragraph 6.04 of the Listing Requirements, the requirement in Rule 14(a) shall not apply to –

(i) an allotment of shares or grant of rights pursuant to an offer made to Members of

the Company in proportion to the Members’ shareholdings; (ii) an allotment of shares or grant of rights pursuant to a bonus issue of shares to

Members of the Company in proportion to the Members’ shareholdings; (iii) an allotment of shares to a promoter of the Company that the promoter has agreed

to take; or (iv) shares which are to be issued as consideration or part consideration for the

acquisition of shares or assets by the Company and the Members of the Company have been notified of the intention to issue the shares at least fourteen (14) days before the issue of the shares.

(c) For the purposes of Rule 14(b)(iv), Members of the Company are deemed to have been

notified of the Company’s intention to issue shares if –

(i) a copy of the statement explaining the purpose of the intended issue of shares has been sent to every Member at his last known address according to the Register; and

(ii) the copy of the statement has been advertised in one (1) widely circulated

newspaper in Malaysia in Bahasa Malaysia and one (1) widely circulated newspaper in Malaysia in the English language.

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15. Preference Shares

(a) Special rights

(i) Without prejudice to any special rights previously conferred on the holders of any existing shares or class of shares, any share in the Company may be issued with such preferred, deferred or other special rights or such restrictions, whether in regard to dividend, voting return of capital or otherwise as the Company may from time to time by ordinary resolution determined.

(ii) If the Company at any time issues preference capital, it shall indicate at the same

time whether it reserves the right to issue further preference capital ranking equally with or in priority to preference shares already issued.

(b) Redeemable preference shares

The Company shall have power to issue preference shares carrying a right to redemption out of profits or liable to be redeemed at the option of the Company or to issue preference capital ranking equally with or in priority to preference shares already issued and the Directors may, subject to the provisions of the Act, redeem such shares on such terms and in such manner as they may think fit.

(c) Pre-emption

(i) Subject to any direction to the contrary that may be given by the Company in

general meeting, all new shares or other convertible Securities shall, before issue, be offered to Members or such persons who at the date of the offer are entitled to receive notices from the Company of general meetings in proportion as nearly as the circumstances admit, to the amount of the existing shares or Securities to which they are entitled. The offer shall be made by notice specifying the number of shares or Securities offered, and limiting a time within which the offer, if not accepted, will be deemed to be declined, and, after the expiry of that time, or on the receipt of an intimation from the person to whom the offer is made that he declines to accept the shares or Securities offered, the Directors may dispose of those shares or Securities in such manner as they think most beneficial to the Company. The Directors may likewise also dispose of any new shares or Securities which (by reason of the ratio which the new shares or Securities bear to shares or Securities held by persons entitled to an offer of new shares or Securities) cannot, in the opinion of the Directors, be conveniently offered under this Constitution.

(ii) The rights attaching to shares of a class other than ordinary shares shall be

expressed.

(d) Transfer of controlling interest

(i) The Company shall not issue shares to transfer a controlling interest without prior approval of shareholders in general meeting.

(ii) No Director shall participate in an issue of shares to employees unless

shareholders in general meeting have approved of the specific allotment to be made to such Director.

(e) Rights of preference shareholders

(i) Preference shareholders are not entitled to the right to vote on a resolution or to

any right to participate beyond a specified amount in any distribution whether by way of dividend, or on redemption, in a winding up, or otherwise.

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(ii) The repayment of preference capital other than redeemable preference capital or

any other alteration of preference shareholders’ rights, may only be made pursuant to a special resolution of the preference shareholders concerned, provided always that where the necessary majority for such a special resolution is not obtained at the meeting, consent in writing, if obtained from the holders of three-fourths of the preference capital concerned within two (2) months of the meeting, shall be as valid and effectual as a special resolution carried at the meeting.

(f) Power to differentiate The Directors may, on the issue of shares differentiate between the holders of such shares

as to the amount of calls to be paid and the times of payment of such calls.

(g) Payment of commission and brokerage

(i) The Company may exercise the powers to make payments by way of commission or brokerage conferred by the Act, and in the manner provided therein.

(ii) Payments by way of commission or brokerage may be satisfied by the payment of

cash, by allotment of fully or partly paid shares or partly by the payment of cash and partly by the allotment of fully or partly paid shares.

(h) Trust affecting shares Except in relation to any person (whether body corporate or otherwise) holding share upon

any trust for the Government, the Company is not bound by or compelled in any way to recognise (whether or not is has notice of the interest or rights concerned) any equitable, contingent, future or partial interest in any share or unit of a share or (except as otherwise provided by this Constitution or by law) any other right in respect of share except an absolute right of ownership in the registered holder and no notice of any trust expressed, implied or constructive shall be entered onto the Register or any branch register.

(i) Power to ask for particulars The Company is empowered to require any Member or transferee prior to registration of

transfer to furnish the nature of his shareholding and may also require a trustee or nominee to provide such particulars to enable the Company to identify the beneficial owners and the nature of their interest.

(j) Shares not to be registered in the name of minor, person of unsound mind, etc.

Shares may be registered in the name of an incorporated company or other corporate body but not in the name of a minor or a person of unsound mind or who is insolvent or in the name of any firm or partnership.

LIEN 16. Company to have lien on shares and dividends

(a) The Company shall have a first and paramount lien, in priority to any other claim, upon all shares (not being fully paid) registered in the name of any Member, either alone or jointly with any other person for his debts, liabilities and engagements whether solely or jointly with any other person to or with the Company whether the period for the payment fulfilment or discharge, thereof shall have actually arrived or not and such lien shall extend to all dividends from time to time declared in respect of such shares and such amounts as

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the Company may be called upon by law to pay in respect of the shares of the Member or deceased Member but the Directors may at any time declare any share to be wholly or in part exempt from the provisions of this Rule.

(b) The Company’s lien on shares and dividends from time to time declared in respect of such

shares, shall be restricted to unpaid calls and instalments upon the specific shares in respect of which such moneys are due and unpaid, and to such amounts as the Company may be called upon by law to pay and has paid in respect of the shares of the Member or deceased Member and if shares were acquired under an employee share option scheme, amounts which are owed to the Company for acquiring them. In each such case the lien extends to reasonable profit and expenses incurred on the unpaid calls.

17. Lien may be enforced by sale of shares

(a) The Company may sell any share over which it has a lien in such manner as the Directors think appropriate.

(b) The Company may not sell any shares under Rule 17(a) unless –

(i) a sum in respect of which the lien exists is presently payable; and (ii) fourteen (14) days have expired from a written notice given to the registered

holder of the share, or the person entitled to the share by reason of death or bankruptcy of the registered holder, stating and demanding payment of the amount in respect of which the lien exists as is presently payable.

18. Directors may authorise transfer and enter purchaser’s name in the register To give effect to any such sale the Directors may authorize some person to transfer the shares sold to

the purchaser and may enter the purchaser’s name in the register as holder of the shares, and the purchaser shall not be bound to see to the application of the purchase money, not shall his title to the shares be affected by any irregularity or invalidity in the proceedings in reference to the sale.

19. Application of proceeds of sale The net proceeds of any such sale shall be applied first, in payment of all costs of the sale, next in or

towards satisfaction of the amount due to the Company or of the liability or engagement, as the case may be, and the balance (if any) shall be paid to the Member or the persons (if any) entitled by transmission to the shares so sold.

20. Member not entitled to privileges of membership until all calls paid No Member shall be entitled to receive any dividend or to exercise any privileges as a Member until

he shall have paid all calls for the time being due and payable on every share held by him, together with expenses (if any).

CALLS ON SHARES 21. Calls

(a) The Directors may make such calls as they think fit upon the Members in respect of all moneys unpaid on any shares held by them respectively which, at the time of allotment thereof, were not made payable at fixed times.

(b) No call shall exceed one fourth (1/4) of the issued price of the share or be payable at less than

thirty (30) days from the date fixed for the payment of the last preceding call.

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(c) Each Member shall pay the amount of every call so made on him to the persons and at the times and places appointed by the Directors.

(d) A call may be made payable by instalments and shall be deemed to have been made when the

resolution of the Directors authorising such call was passed. 22. Notice of call

(a) Fourteen (14) days notice of any call shall be given specifying the time and place of payment and to whom such call shall be paid.

(b) Before the time for payment the Directors may by notice in writing to the Members revoke

the call wholly or in part or extend the time for payment.

23. Sums payable on allotment or at fixed times or by instalments deemed to be calls A sum that, by the terms of issue of a share becomes payable on allotment or at a fixed date or by

instalments at fixed times shall for the purposes of this Constitution be deemed to be a call duly made and payable on the date on which by the terms of issue of the shares becomes payable, and, in case of non-payment, all the relevant provisions of this Constitution as to payment of expenses, forfeiture or otherwise apply as if the sum had become payable by virtue of a call duly made and notified.

24. Proof of debt On the trial or hearing of any action for the recovery of any money due for any call, it shall be

sufficient to prove that the name of the Member sued is entered in the Register as the holder or one of the holders of the shares in respect of which such debt accrued that the resolution making the call is duly recorded in the minute book and that notice of such call was duly given to the Member sued in pursuance of these Rules; and it shall not be necessary to prove the appointment of the Directors who made such call, nor that the meeting at which any call was made was duly convened and constituted nor any other matters whatsoever, but the proof of the matters aforesaid shall be conclusive evidence of the debt.

25. Payment of calls in advance The Directors may if they think fit, accept from a Member the whole or a part of the amount unpaid

on a share although no part of that amount has been called up. 26. Capital paid on shares in advance of calls

(a) Capital paid on shares in advance of calls shall be treated as a loan to the Company and not as part of its capital and shall be repayable at anytime if the Directors so decide. Such capital shall not, unless all calls or other sums presently payable by the Member in respect of his share has been paid, confer a right to participate in profits.

(b) Upon all or any part of the money advanced is received by the Directors from the Member

become payable, the Company may pay profit or compensation at a rate not exceeding eight per cent (8%) per annum as may be agreed upon between the Directors and the Member paying the sum in advance, unless the Company in a general meeting otherwise directs.

27. Difference in calls The Directors may, on the issue of shares, differentiate between the holders as to the amount of calls

to be paid and the times of payment.

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TRANSFER OF SHARES 28. (a) Transfer of Securities (i) Subject to the restrictions contained in this Constitution and as otherwise provided

under the Securities Industry (Central Depositories) Act, 1991 and the Rules and Regulations made pursuant thereto, any listed securities or class of listed securities of the Company, listed on the Exchange, shall be transferable but any such transfer shall be effected by way of book entry by the Depository as defined under the Securities Industry (Central Depositories) Act, 1991, in accordance with the Rules of the Depository and, notwithstanding sections 105, 106, and 110 of the Act but subject to subsection 148(2) of the Act and any exemption that may be made from compliance with subsection 148(1) of the Act, the Company shall be precluded from registering and effecting any transfer of the listed securities which have been deposited therewith; and

(ii) Subject to the restrictions contained in this Constitution and as otherwise provided

under the Securities Industry (Central Depositories) Act, 1991 and the Rules and Regulations made pursuant thereto, any listed securities or class of listed securities of the Company, listed on any other stock exchange (other than the Exchange) shall be transferable but every such transfer shall be effected in the manner and form as approved and prescribed from time to time by any such stock exchange.

(b) No restriction on fully paid shares

Subject to this Constitution, the Central Depositories Act, and the Rules of the Depository, there shall be no restriction on the transfer of fully paid shares which are listed on the Exchange or any other stock exchange except where required by law and the Rules of the Depository (with respect to transfer of Deposited Security).

(c) Refusal to transfer The Central Depositor may refuse to register any transfer of Deposited Securities if it does not

comply with the Central Depositories Act or the Rules of the Depository. 29. Non-liability of Company, its Director and officers in respect of transfer Neither the Company nor its Directors nor any of its officers shall incur any liability for registering

or acting upon a transfer of shares apparently made by sufficient parties, although the same may, by reason of any fraud or other cause not known to the Company or its Directors or other officers be legally inoperative or insufficient to pass the property in the shares proposed or professed to be transferred, and although the transfer may, as between the transferor and transferee, be liable to be set aside, and notwithstanding that the Company may have notice that such instrument or transfer was signed or executed and delivered by the transferor in blank as to the name of the transferee or the particulars of the shares transferred, or otherwise in defective manner. And in every such case, the person registered as transferee, his executors, administrators and assignees alone shall be entitled to be recognised as the holder as such shares and the previous holder shall, so far as the Company is concerned, he deemed to have transferred his whole title thereto.

30. No transfer to minor, etc. No transfer shall be made to a minor or a person of unsound mind or who is insolvent or to a firm or

partnership.

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31. When transfer books and Register of Members may be closed The transfer books and Register and debenture holders may on due notice being given as required by

the Act and the Exchange or any stock exchange on which the Company’s shares are listed be closed during such time or times as the Directors think fit, not exceeding in the whole thirty days in each year. At least eighteen (18) market days’ notice of such closure shall be given to each stock exchange upon which the Company is listed stating the period and the purpose or purposes of such closure. At least three (3) market days prior notice of such closure shall be given to the Depository to enable the Depository to prepare the appropriate Record of Depositors provided where the Record of Depositories is required in respect of corporate actions seven (7) days prior notice shall be given.

TRANSMISSION OF SHARES 32. (a) Death of holder

In case of the death of a Member the survivor and the legal personal representatives of the deceased where he was a sole holder or debenture holder, shall be the only person recognised by the Company as having any title to his interest in the shares or debenture.

(b) Rights on death or bankruptcy

(i) Any document which is by law sufficient evidence of probate of the will or letters of administration of the estate of a deceased person having been granted to a person shall be accepted by the Company as sufficient evidence of the grant.

(ii) Subject to the provisions of this Constitution, the Company and the Central

Depository shall register the person as a shareholder or debenture holder of the Company within sixty (60) days from receiving the notification.

(c) Election

(i) If the person so becoming entitled elects to be registered himself, he shall deliver or send to the Company a notice in writing signed by him stating that he so elects, provided that where the share or debenture is a Deposited Security and the person becoming so entitled elects to have the share or debenture transferred to him the aforesaid notice must be served by him on the Depository.

(ii) If he elects to have another person registered he shall testify his election by executing

to that person a transfer of the share or debenture, as the case may be. (iii) All the limitations, restrictions and provisions of this Constitution, the Central

Depositories Act, Rules of the Depository, and the Listing Requirements relating to the right to transfer and the registration of transfer of shares or debentures shall be applicable to any such notice or transfer as aforesaid as if the death or bankruptcy of the Member had not occurred and the notice or transfer were a transfer signed by that Member.

(d) Entitled to same rights Where the registered holder of any share or debenture dies or becomes bankrupt his personal

representative or the assignee of his estate, as the case may be, shall, upon the production of such evidence as may from time to time be properly required by the Directors in that behalf, be entitled to the same dividends and other advantages, and to the same rights (whether in relation to meetings of the Company, or to voting, or otherwise), as the registered holder would have been entitled to if he had not died or become bankrupt.

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(e) Tranmission of securities on another stock exchange Where-

(i) the securities of the Company are listed on another stock exchange; and (ii) the Company is exempted from compliance with section 14 of the Securities Industry

(Central Depositories) Act, 1991 or section 29 of the Securities Industry (Central Depositories) (Amendment) Act, 1998, as the case may be, under the Rules of the Depository in respect of such securities,

the Company shall, upon request of a securities holder, permit a transmission of securities held by such securities holder from the register of holders maintained by the registrar of the Company in the jurisdiction of the other stock exchange, to the register of holders maintained by the registrar of the Company in Malaysia provided that there shall be no change in the ownership of such securities.

LIMITATIONS ON SHAREHOLDINGS 33. (a) Interpretation In this Rule:-

“person” includes an individual, body of persons (corporate or unincorporate), government and statutory body corporation or authority;

“Associate” in relation to any person (below referred to in this definition as the “first named person”), means:-

(i) a body corporate (whether registered in Malaysia or elsewhere) of which one half or

more of the voting power exercisable at any general meeting of the body corporate may be exercised or controlled, or of which one half or more of the Directors are appointed (or can be appointed), in either case by the first named person (alone or with any Associate of the first named person); or

(ii) any other person who has (whether or not in a manner which is legally binding)

agreed or committed himself or become obliged or arranged to exercise or refrain from exercising any rights attaching to any share, or any power to dispose of or retain any share or any interest therein in accordance with the suggestions, instructions or directions of the first named person (or of any other Associate of the first named person).

Provided that where a person has been appointed to act as the proxy for the first

named person to vote at a meeting of the Company such proxy for the first named person shall not be the Associate of the other by reason solely of such appointment; or

(iii) in the case where the first named person is a government or government department

or agency or body, such government or any other department agency or body of such government or any body corporate which is an Associate of any of the same by virtue of (i) above; or

(iv) in the case where the first named person is a trustee of any trust, any or all of the

other trustees, any or all settlors of such trust and any or all beneficiaries (including contingent beneficiaries) under such trust; or

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(v) in the case where the first named person is a body corporate, any Director of such body corporate and vice versa;

and any Associate of the first named person shall (unless the Directors otherwise determine) be deemed also to be an Associate of all other Associates of the first named person.

“control” means to be in the position of such a person as is the first named person in paragraph (ii) of “Associate” above. “foreigners” includes foreign corporation and corporation under foreign control as defined under Rule 8. “prescribed limit” means the percentage limits prescribed under sub-rules (b) or (c) as the case maybe.

(b) Total number of shares held by foreigners

The total number of shares that may be held by foreigners at any particular time shall not exceed thirty per cent (30%) of all the shares of the Company then in issued and the Company shall make quarterly announcements by telex or confirmed facsimile to the Exchange or any other stock exchange on which the Company’s shares are listed in respect of such shareholding.

PROVIDED THAT when such shareholding reaches the maximum thirty per cent (30%) limit the announcement in respect of the said shareholding shall be made immediately.

(c) Total number of voting rights by foreigners

The total number of voting rights that may be exercised by foreigners at any particular time shall not exceed thirty per cent (30%) of the total voting rights of all Members having the right to vote at general meetings of the Company.

(d) If it appears to them that in relation to any person the limitations set out in (b) and/or (c)

above may be exceeded, subject to the Central Depositories Act or the Rules of the Depository, the Directors shall be entitled to refuse the register any shares in the name of that person (other than as an allottee under an issue of share by way of capitalization of profits or reserves made pursuant to this Constitution) unless there shall first have been given to them a declaration (in such form as the Directors shall from time to time prescribe) stating the total number of shares held by that person and his Associates) and the total voting rights exercisable) and the total voting rights exercisable by him and his Associates) on a poll at general meetings of the Company and the Directors are satisfied as to the contents thereof.

(e) Subject to the provisions of this Rule, the Directors shall, unless they have reason to believe

otherwise, be entitled to assume without enquiry that no person holds shares or is capable of exercising or controlling the exercise of voting rights of all Members having the right to vote on a poll at general meetings of the Company more than the prescribed limit. Nevertheless, the Directors may at any time give notice in writing to any person requiring him to make a declaration (in such form as the Directors shall prescribe) within such period as may he specified in the notice as to the total number of shares held by him and his Associates (and the names of such Associates) and/or as to the said votes of which he can control the exercise and/or as to whether he is an Associate of any other person or persons [and the names of any such Associate(s) or person(s)] and from the date of service of such notice until the Directors declare themselves satisfied with the contents of a declaration received by them from such person shall not confer any right to receive notices of or to attend or vote at general meetings of the Company.

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(f) If within 21 days after the giving of such notice as is referred to in (e) above (or such shorter or longer period as in all the circumstances the Directors shall consider reasonable and shall specify in the notice) the Directors are not satisfied that the person referred to in such notice given pursuant to (e) above neither holds shares nor is capable of exercising or controlling the exercise of voting rights of all Members having the right to vote on a poll at general meetings of the Company exceeding the prescribed limit, the Directors may give a further notice in writing to such person specifying the other person(s) believed by them to be Associates of such person and requiring him and all or any of his Associates (as the Directors may determine) (as the Directors may determine) to transfer such number of shares (‘Excess Shares’) to other persons who are not his Associates as will result in the Directors being satisfied that the number of the shares held by him and his Associates does not exceed the prescribed limit nor is he capable of exercising or controlling the exercising of the total voting rights of all Members having the right to vote at general meetings of the Company exceeding the prescribed limit.

If within 21 days after the giving of such further notice (or such extended time as in all the circumstances the Directors shall consider reasonable) such notice is not complied with to the satisfaction of the Directors, the Directors may arrange for the Company to sell the Excess Shares at the best price reasonably obtainable. For this purpose the Directors may authorise in writing any officer or employee of the Company to execute on behalf or transfers of the Excess Shares to the purchaser or purchasers. The net proceeds of the sale of such Excess Shares shall be received by the Company whose receipt shall be a good discharge for the purchase money and shall be paid over by the Company to the former holder or holders upon surrender by him or them of the certificates for the Excess Shares, but such proceeds shall in no circumstances carry interest against the Company.

(g) The Directors shall not be required to give any reasons for any decision or declaration taken

or made in accordance with this Rule.

FORFEITURE OF SHARES 34. Directors may require payment of calls with profit or compensation

If any Member fails to pay the whole or any part of any call or instalment of a call on or before the day appointed for the payment thereof, the Directors may at any time thereafter, during such time as the call or instalment or any part thereof remains unpaid, serve a notice on him or on the person entitled to the share by transmission requiring him to pay such call or instalment or such part thereof as remains unpaid together with any profit or compensation that may have accrued by reason of such non-payment.

35. Notice requiring payment to contain certain particulars

The notice shall name a further day (not earlier than the expiration of fourteen (14) days from the date of the notice) on or before which such call or instalment, or such part as aforesaid and profit or compensation that have accrued by reason of such non-payment, are to be paid. It shall also name the place where payment is to be made, and shall state that, in the event of non-payment at or before the time and at the place appointed, the shares in respect of which such call was made will be liable to be forfeited.

36. On non-compliance with notice shares forfeited on resolution of Directors If the requirements of any such notice as aforesaid are not complied with any share in respect of

which such notice has been given shall at any time thereafter, before the payment required by the notice has been made, be forfeited by a resolution of the Directors to the effect. A forfeiture of

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shares shall include all dividends in respect of the shares not actually paid before the forfeiture not withstanding that they shall have been declared.

37. Directors may annul forfeiture upon terms Notwithstanding any such forfeiture as aforesaid the Directors may at any time before the forfeited

share has been otherwise disposed of annul the forfeiture upon the terms of payment of all calls and any profit or compensation incurred in respect of the share and upon such further terms (if any) as they shall see fit.

38. Directors may dispose of forfeited shares Every share which shall be forfeited may be sold, re-allotted or otherwise disposed of, either to the

person who was before forfeiture the holder thereof or entitled thereto, or to any other person upon such terms and in such manner as the Directors shall think fit, and the Directors may, if necessary, authorize some person to transfer the same to such other person as aforesaid.

The net proceeds of any such sale or disposal shall be received by the Company and applied in or

towards the total amount of all calls due in respect thereof and the residue after the satisfaction of the unpaid calls and accrued profit and expenses, shall be paid to the person whose shares have been forfeited, or his executors, administrators or assignees or as he directs.

39. Former holder of forfeited shares liable for call made before forfeiture

A shareholder whose shares have been forfeited shall, notwithstanding, be liable to pay to the Company all calls made and not paid on such shares (with profit or compensation at eight per cent (8%) per annum from the date of forfeiture to the date of payment if the Board thinks fit to enforce payment of such profit or compensation) at the time of forfeiture in the same manner in all respects as if the shares had not been forfeited, and to satisfy all (if any) the claims and demands which the Company might have enforced in respect of the shares at the time of forfeiture, without any deduction or allowance for the value of the shares at the time of forfeiture and the liability shall cease if and when the company receives payment in full of all such money in respect of the shares.

40. Consequences of forfeiture The forfeiture of a share shall involve the extinction at the time of forfeiture of all claims and

demands against the Company in respect of the share, and all other rights and liabilities incidental to the share as between the shareholder whose share is forfeited and the Company, except only such of those rights and liabilities as are by these Rules expressly saved, or as are by the Act given or imposed in the case of past Members.

41. Title to forfeited shares

A statutory declaration in writing that the declarant is a Director of the Company or Secretary of the Company, and that a share has been duly forfeited in pursuance of this Constitution, and stating the date upon which it was forfeited, shall, as against all person claiming to be entitled to the share adversely to the forfeiture thereof, be conclusive evidence of the facts therein stated and such declaration, together with the receipt of the Company for the consideration (if any) given for the share on the sale or disposition thereof, shall constitute a good title to the share, and such person shall be registered as the holder of the share and shall be discharged from all calls made prior to such sale or disposition and shall not be bound to see to the application of the purchase money (if any), or nor shall his title to the share be affected by any act, omission or irregularity relating to or connected with the proceedings in reference to the forfeiture, sale, re-allotment or disposal of the share.

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ALTERATION OF CAPITAL 42. (a) Company may increase its capital

The Company in general meeting may from time to time whether all the shares for the time being issued shall have been fully called up or not, increase its share capital by the creation and issue of new shares, such new capital to be of such amount and to be divided into shares of such respective amounts and to carry such rights or to be subject to such conditions or restrictions in regard to dividend, return of capital, voting or otherwise as the Company by the resolution authorising such increase directs.

(b) How far new shares to rank with shares in original capital Except so far as otherwise provided by the condition of issue, or by these Rules, any capital

raised by the creation of new shares shall be considered part of the original capital, and shall be subject to the provisions herein contained with reference to the payment of calls and instalments, transfer and transmission, forfeiture, lien, surrender and otherwise.

(c) Offer of new shares to existing Members

(i) Subject to any direction to the contrary that may be given by the Company in general meeting, all new shares or other convertible securities shall, before issue, be offered to such persons as at the date of the offer are entitled to receive notices from the Company of general meetings in proportion, as nearly as the circumstances admit, to the amount of the existing shares to which they are entitled.

(ii) The Offer shall be made by notice specifying the number of shares or securities offered

and limiting a time within which the offer, if not accepted, will be deemed to be declined.

(iii) After the expiration of that time or upon being notified by the person to whom the offer

is made that he declines to accept the shares offered, the Directors may issue those shares or securities in such manner as they think most beneficial to the Company.

(iv) The Directors may likewise so dispose of any new shares or securities which (by

reason of the proportion which the new shares bear to shares or securities held by the person entitled to an offer of new shares or securities) cannot, in the opinion of the Directors, be conveniently offered under these Rules.

(d) Waiver from the Exchange

Notwithstanding the above, the Company may apply to the Exchange or any other stock exchange on which the Company’s shares are listed to waive the convening of an Extraordinary General Meeting to obtain shareholders’ approval for further issues of shares (other than bonus or rights issues) where the aggregate issues of which in any one financial year do not exceed ten per cent (10%) of the issued capital.

43. Company may alter its capital in certain ways

Subject to the provisions of the Act and the Listing Requirements, the Company may by Special Resolution:-

(a) Consolidate and divide all or any of its share capital into shares of smaller amount than its

existing shares, the proportion between the amount paid and the amount, if any, unpaid on each subdivided share shall be the same as it was in the case of the share from which the subdivided share is derived; or

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(b) Cancel shares that at the date of the passing of the resolution, have not been taken or agreed

to be taken by any person or have been forfeited and reduce the amount of the shares so cancelled; or

(c) Sub-divide its shares, or any of them, into shares of smaller amount, whatever is in the

subdivision, the proportion between the amount paid and the amount, if any, unpaid on each subdivided share shall be the same as it was in the case of the share from which the subdivided share is derived.

44. The Company may by Special Resolution reduce its share capital in any manner authorized and

subject to any conditions prescribed by the Act.

CONVERSION OF SHARES INTO STOCK 45. (a) Conversion of shares into stock and re-conversion The Company may, by resolution, convert all or any of its paid up shares into stock and re-

convert any stock into paid up shares of any number. (b) Transfer of stock

(i) Subject to sub-rule (ii), where shares have been converted into stock, the provisions of this Constitution relating to the transfer of shares apply, so far as they are capable of application, to the transfer of the stock or of any part of the stock.

(ii) The Directors may fix the minimum amount of stock transferable and restrict or forbid

the transfer of fractions of the minimum. (c) Participation in dividends and profits

(i) The holders of stock have, according to the amount of the stock held by them, the same rights privileges and advantages as regards dividends, voting at meetings of the Company and other matters as they would have if they held the shares from which the stock arose.

(ii) No such privilege or advantage (except participation in the dividends and profits of the

Company and in the property of the Company on winding up) shall be conferred by any amount of stock that would not, if existing in shares, have conferred that privilege or advantage.

(d) Provisions applicable to shares shall apply to stock

The provisions of this Constitution that are applicable to paid up shares apply to stock and references in those provisions to shares and shareholder shall be read as including references to stock and stockholder, respectively.

46. Financial Assistance

(a) Unless otherwise provided in the Act, the Company shall not –

(i) give any financial assistance, whether directly or indirectly and whether by means of a loan, guarantee or provision of security or otherwise, for the purpose of or in connection with a purchase or subscription made or to be made by any person for any shares in the Company or any shares in the holding company, if any, of the Company;

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(ii) in any way deal in or lend money on its own shares; or (iii) give financial assistance, directly or indirectly for the purpose of reducing or

discharging the liability, if a person has acquired shares in the Company or its holding company, if any, and the liability has been incurred by any person for the purpose of the acquisition of the shares.

(b) The Company must comply with the relevant requirements of the Act if it proposes to give

financial assistance or purchase or deal in or lend money on its own shares in any manner which is permitted under the Act.

GENERAL MEETINGS 47. General Meetings

An annual general meeting of the Company shall be held in accordance with the provisions of the Act. All general meetings other than the annual general meetings shall be called extraordinary general meetings.

48. (a) Convening a general meeting

A meeting of Members may be convened by—

(i) the Board; or (ii) any Member holding at least ten per cent (10%) of the issued share capital of the

Company. (b) Convening general meeting by requisition

(i) The Directors shall call a meeting of Members once they receive a requisition to do so from Members representing at least ten per cent (10%) of the paid up capital of the Company carrying the right of voting at meetings of Members of the Company.

(ii) The requisition referred to in (i) –

(aa) shall be in hard copy or electronic form; (bb) shall state the general nature of the business to be dealt with at the meeting; (cc) may include the text of a resolution that may properly be moved and is

intended to be moved at the meeting; and (dd) shall be signed or authenticated by the person making the requisition.

(iii) For the purposes of this Rule, the right of voting shall be determined as at 5.00 p.m. on the date the requisition is deposited with the Company.

(iv) The Directors shall –

(aa) call for the meeting within fourteen (14) days from the date of the requisition

or notice under this Rule, as the case may be; and (bb) hold the meeting on a date which is not more than twenty eight (28) days after

the date of the notice to convene the meeting.

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(v) If the requests received by the Company identify a resolution intended to be moved at the meeting, the notice shall include the text of the resolution.

(vi) If the Directors do not convene a meeting in accordance with this Rule, the Members

who requisitioned the meeting or any number of Members representing more than one half (1/2) of the total voting rights of all of the Members who requisitioned, may call for a meeting of Members. The meeting shall be convened by the Members on a date not more than three (3) months after the date on which the Directors received a requisition under this Rule to call for a meeting of Members.

(vii) Any reasonable expenses incurred by the Members requisitioning the meeting by

reason of the failure of the Directors to call a meeting shall be reimbursed by the Company.

49. (a) Notices of Meetings

The notices convening meetings shall:- (i) be in writing and shall be given to the Members either in hard copy, or in electronic

form, or partly in hard copy and partly in electronic form;

(ii) specify the place, day and hour of the meeting; and

(iii) be at least 14 days’ notice before or 21 days’ notice before in the case where any special resolution is proposed or where it is the annual general meeting, of every such meeting must be given by advertisement in at least 1 nationally circulated Bahasa Malaysia or English daily newspaper and in writing to each stock exchange upon which the company is listed.

(b) The notice of a meeting of Members may include the text of any proposed resolution and

other information as the Directors deem fit. (c) Omissions of notice

The accidental omission to give notice of any meeting to or the non-receipt of any such notice by any of the Members shall not invalidate any resolution passed at any such meeting.

(d) Notice of special or ordinary resolution

The notice convening a meeting to consider a special or ordinary resolution shall specify the intention to propose the resolution as a special or ordinary resolution, as the case may be.

(e) Members right to appoint proxy

In every notice calling a meeting there shall appear with reasonable prominence a statement that a Member entitled to attend and vote is entitled to appoint a proxy to attend and vote instead of him.

(f) Record of Depositors

(i) The Company shall request the Depository in accordance with the Rules of the Depository, to issue a Record of Depositors to whom notices of general meetings shall be given by the Company.

(ii) The Company shall request the Depository in accordance with the Rules of the

Depository, to issue a Record of Depositors, as at the latest date which is reasonably practicable which shall in any event be not less than 3 market days before the general meeting (hereinafter referred to as “the General Meeting Record of Depositors”).

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(iii) Subject to the Securities Industry (Central Depositories) (Foreign Ownership)

Regulations 1996 (where applicable), a depositor shall not be regarded as a Member entitled to attend any general meeting and to speak and vote thereat unless his name appears in the General Meeting Record of Depositors.

(g) Manner in which notice of meetings to be given

(i) Notice of a meeting of Members –

(aa) given in hard copy shall be sent to any Member either personally or by post to

the address supplied by the Member to the Company for such purpose; or

(bb) given in electronic form shall be transmitted to the electronic address provided by the Member to the Company for such purpose or by publishing on a website.

(ii) Where notice of a meeting of Members is given by the Company by publishing on a

website, the Company must notify the Members of the publication of the notice on the website together with the designated website link or address where a copy of the notice may be downloaded, and such notification shall be in writing and be given in hard copy or electronic form stating –

(aa) that it concerns a meeting of Members; and (bb) the place, date and time of the meeting.

(iii) The notice shall be made available on the website from the date that notice is given

under this Rule until the conclusion of the meeting.

(h) The contact details of the Member as provided to the Depository shall be deemed as the last known address provided by the Member to the Company for purposes of communication with the Member.

50. Special Resolution

(a) If the resolution is to be proposed as a special resolution, the Director shall be considered as not having duly called for the meeting if the notice of the resolution is not given in accordance with Section 292 of the Act.

(b) Where special notice is required of a resolution under the Act, the resolution shall not be

effective unless notice of intention to move such resolution is given to the Company at least twenty eight (28) days before the meeting at which it is to be moved. Where practicable, the Company shall give its Members notice of any such resolution in the same manner and at the same time as it gives notice of the meeting. Where it is not practicable to do so, the Company shall give notice of the resolution to the Members at least fourteen (14) days before the meeting by sending it –

(i) personally or by post to the address provided by the Member to the Company for such

purpose; or (ii) in electronic form to the electronic address provided by the Member to the Company

for such purpose.

(c) For the purposes of this Rule, the contact details of the Member as provided to the Depository shall be deemed as the last known address provided by the Member to the Company for purposes of communication with the Member.

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PROCEEDINGS AT GENERAL MEETINGS

51. No business to be transacted unless quorum present

No business shall be transacted at any general meeting unless a quorum of Members is present at the time when the meeting proceeds to business. Save as herein otherwise provided three (3) Members present in person shall be a quorum. For the purposes of this regulation a ‘Member’ includes a person attending as a proxy or representing a corporation which is a Member.

52. If no quorum meeting dissolved or adjourned

If within half an hour from the time appointed for the meeting a quorum is not present, the meeting, if convened upon the requisition of Members, shall be dissolved; in any other case it shall stand adjourned to the same day in the next week at the same time and place, or to such other day and at such other time and place as the Directors may determine.

53. Chairman of Board to preside at all meetings

The Chairman, if any, of the Board of Directors or in his absence the Deputy Chairman shall preside as chairperson at every general meeting of the Company, or if there is no such Chairman or Deputy Chairman, or if he is not present within fifteen minutes after the time appointed for the holding of the meeting or is unwilling to act, the Members present shall elect one of their numbers to be chairperson of the meeting. A proxy shall not be eligible to be elected as the chairperson of the meeting.

54. Notice of adjourned meeting

(a) The chairperson may, with the consent of any meeting at which a quorum is present (and shall if so directed by the meeting), adjourn the meeting from time to time and from place to place, but no business shall be transacted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place. When a meeting is adjourned for thirty days or more, notice of the adjourned meeting shall be given as in the case of an original meeting. Save as aforesaid it shall not be necessary to give any notice of an adjournment or of the business to be transacted at an adjourned meeting.

(b) Where a resolution is passed at an adjourned meeting of the Company or of holders of any

class of shares, the resolution shall, for all purposes, be treated as having been passed on the date on which it was in fact passed.

55. How resolution decided Subject to Rule 56 at any general meeting a resolution to put to the vote of the meeting shall be

decided on a show of hands unless a poll is (before or on the declaration of the result of the show of hands) demanded:-

(a) by the chairperson; (b) by at least three (3) Members present in person or by proxy;

(c) by any Member or Members present in person or by proxy and representing not less than one-tenth of the total voting right of all Members having the right to vote at the meeting; or

(d) by Member or Members holding shares in the Company conferring a right to vote at the

meeting being shares on which an aggregate sum has been paid up equal to not less than one-tenth of the total sum paid up on all shares conferring that right.

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Unless a poll is so demanded a declaration by the chairperson that a resolution has on a show of hands been carried unanimously, or by a particular majority, or lost, and an entry to that effect in the book containing the minutes of the proceedings of the Company shall be conclusive evidence of the fact without proof of the number of proportion of the votes recorded in favor of or against the resolution. The demand for a poll may be withdrawn.

56. Resolution in notice to be decided by poll

Any resolution set out in the notice of any general meeting, or in any notice of resolution which may properly be moved and is intended to be moved at any general meeting shall be voted on by poll.

57. How poll to be taken

If a poll is duly demanded shall be taken in such manner and either at once or after an interval or adjournment or otherwise as the chairperson directs, and the result of the poll shall be the resolution of the meetings at which the poll was demanded, but a poll demanded on the election of a chairperson or on a question of adjournment shall be taken forthwith.

58. (a) Chairperson’s determination in case of dispute In case of any dispute as to the admission or rejection of a vote the chairperson shall

determine the same and such determination shall be final and conclusive. (b) Chairperson to have a casting vote In case of an equality of votes, the chairperson (if he is also the Chairman or in his absence,

the Deputy Chairman of the Board of Directors) shall, both on a show of hands and on a poll, not have a casting vote. Where the Chairman or Deputy Chairman is also a Member of the Company, he shall not have the casting vote in addition to the votes to which he may be entitled as a Member.

59. Appointmet of scrutineer

The Company must appoint at least one (1) scrutineer to validate the votes cast by poll at any general meeting of the Company. Such scrutineer must not be an officer of the listed issuer or its related corporation, and must be independent of the person undertaking the polling process. If such scrutineer is interested in a resolution to be passed at the general meeting, the scrutineer must refrain from acting as the scrutineer for that resolution.

VOTES OF MEMBERS 60. Votes of Members

(a) Subject to any rights or restrictions for the time being attached to any class or classes of shares: -

(i) at meetings of Members or classes of Members each member entitled to vote shall be

entitled to be present and may vote in person, or by proxy or, being a corporation, by representative in respect of any share or shares upon which all calls due to the company has been paid;

(ii) On a show of hands every person present who is a Member, a proxy or a representative

of a Member has one vote, and on a poll every person present in person or by proxy or representative has one vote for each share he holds;

(iii) on a show of hands any Member who is a proxy for another Member and any person

who is a proxy for more than one Member shall have only one vote; and

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(iv) on a resolution to be decided by a show of hands, a Member who is a holder of

ordinary shares who is personally present and entitled to vote shall be entitled to one vote.

(b) Any proxy or representative appointed to vote and attend instead of a Member shall have the

same right as the Member to speak at the meeting. (c) Subject to Rules 62, 65, 66, and 67, a Member of the Company entitled to attend and vote at a

meeting of the Company, or at a meeting of any class of Members of the Company, shall be entitled to appoint any person as his proxy to attend and vote instead of the Member at the meeting. There shall be no restriction as to the qualification of the proxy.

(d) Notwithstanding the Rule 60(a) above, no Member shall be entitled to vote at a general

meeting unless all calls or other sums presently payable by the Member in respect of his shares has been paid.

61. Resolutions of Members

(a) An ordinary resolution of the Members or a class of Members of the Company shall be passed by a simple majority of more than half of such Members who are entitled to vote and do vote in person, or where proxies are allowed, by proxy at a meeting of Members.

(b) A special resolution of the Members or class of Members of a company shall be passed by a

majority of not less than seventy-five per cent (75%) of such Members who are entitled to vote and do vote in person, or where proxies are allowed, by proxy at a meeting of Members.

62. Votes of mentally disordered Members

A Member who is of unsound mind or whose person or estate is liable to be dealt with in any way under the law relating to mental disorder may vote whether on a show of hands or on a poll, by his committee or by such other person as properly has the management of his estate, and any such committee or other person may vote by proxy or attorney.

63. Members indebted to Company in respect of shares not entitled to vote

No Member shall be entitled to vote at any general meeting unless all calls, or other sums presently payable by him in respect of shares in the Company have been paid.

64. Raising objections to voting qualifications

No objections shall be raised to the qualification of any voter except at the meeting or adjourned at which the vote objected to is given or tendered, and every vote not disallowed at such meeting shall be valid for all purposes and such objection made in due time shall be referred to the chairperson of the meeting whose decision shall be final and conclusive.

65. Appointment of proxy

(1) Subject to sub-rules (2) and (3), a Member shall be entitled to appoint up to two (2) persons as his proxy to exercise all or any of his rights to attend, participate, speak and vote at a general meeting. A Member who appoints more than one (1) proxy in relation to a general meeting must specify the proportion of his shareholding represented by each proxy.

(2) Where a Member entitled to vote on a resolution has appointed a proxy, the proxy shall only

be entitled to vote on a show of hands if he is the only proxy appointed by the Member.

(3) Where a Member entitled to vote on a resolution has appointed more than one (1) proxy –

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(a) the proxies shall only be entitled to vote on a poll; and (b) the appointment shall not be valid unless he specifies the proportions of his

shareholding to be represented by each proxy. 66. Instrument appointing a proxy to be in writing

The instrument appointing a proxy shall be in writing (in the common or usual form) under the hand of the appointer or of his attorney duly authorized in writing or, if the appointer is a corporation, either under seal or under the hand of an officer or attorney duly authorized. A proxy may but need not be a Member of the Company. The instrument appointing a proxy to vote on a matter at a general meeting shall be deemed to confer authority to demand or join demanding a poll.

67. (a) Attorney as proxy

A copy of the duly registered power of attorney referred to in Rule 66 shall be deposited with the Company together with the instrument appointing the proxy, as provided for in Rule 70.

(b) Corporation can appoint representative

(i) A Member which is a corporation may by resolution of its Board or other governing body authorise a person or persons to act as its representative or representatives at any meeting of Members of the Company.

(ii) If the corporation authorises only one person, the person shall be entitled to exercise

the same powers on behalf of the corporation as the corporation could exercise if he was an individual Member of the Company.

(iii) If the corporation authorises more than one person as its representative, every one of

the representatives is entitled to exercise the same powers on behalf of the corporation as the corporation could exercise if every one of the representatives was an individual Member of the Company.

(iv) If the corporation authorises more than one person and more than one of the

representatives purport to exercise the power under Rule 67(b)(iii):

(aa) if the representatives purport to exercise the power in the same way, the power is treated as exercised in that way; or

(bb) if the representatives do not purport to exercise the power in the same way, the

power is treated as not exercised. (v) The authority given by a corporation to a representative may be for a particular

general meeting or for all meetings of the Company. In the case of the latter, the person authorised shall be entitled to exercise his powers on behalf of the corporation until his authority is revoked by the corporation.

(vi) A certificate of authorisation by the corporation shall be prima facie evidence of the

appointment or revocation of the appointment, as the case may be, under Rule 67(b)(i).

68. Appointment of more than one proxy

Where a Member of the Company is an authorised nominee as defined under the Securities Industry (Central Depositories) Act, 1991, it may appoint at least one proxy in respect of each securities account it holds with ordinary shares of the Company standing to the credit of the said securities account.

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69. Appointment of multiple proxies

(a) Where a Member of the Company is an exempt authorised nominee which holds ordinary shares in the Company for multiple beneficial owners in one securities account (“omnibus account”), there is no limit to the number of proxies which the exempt authorized nominee may appoint in respect of each omnibus account it holds.

(b) An exempt authorised nominee refers to an authorised nominee defined under the Securities

Industry (Central Depositories) Act 1991 (“SICDA”) which is exempted from compliance with the provisions of subsection 25A(1) of SICDA.

70. Form of proxy may allow voting for or against Where it is desired to afford Members an opportunity of voting for or against a resolution the

instrument appointing a proxy shall be in the following form or a form as near thereto as circumstances admit:-

SYARIKAT TAKAFUL MALAYSIA BERHAD I/We …………………………………….., being a Member/Members of the abovenamed Company, hereby appoint …………..…………………… of …………………………………. or the * Chairman of the meeting failing him ……………………………………… of ………………………………… as my/our proxy to vote for me/us on my/our behalf at the (annual or extraordinary, as the case may be) general meeting of the Company, to be held on the ………….. day of ……………………....20……………. and at any adjournment thereof. *If you wish to appoint other person(s) to be your proxy/proxies, kindly delete the words “The Chairman of the meeting or failing him” and insert the name(s) of the person(s) desired. Please indicate an “X” in the space provided below, how you wish your vote to be cast in respect of the following resolutions. In the absence of specific directions, your proxy may vote or abstain at his/her discretion. If you appoint two (2) proxies, please specify the proportions of holdings to be represented by each proxy. My/Our proxy is to vote as indicated hereunder -

Resolution

For

Against

*To be completed by authorised nominees Dated this .............. day of ............................. ................................................................................... Signature/Common Seal of Shareholder 71. Instrument appointing a proxy to be left at the office The instrument appointing a proxy and the power of attorney or other authority, if any, under which

it is signed or a notarially certified copy of that power or authority shall be deposited at the

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registered office of the Company, or at such other place within Malaysia as is specified for that purpose in notice convening the meeting or adjourned meeting, not less than forty-eight (48) hours before the time for holding the meeting or adjourned meeting, at which the person named in the instrument proposes to vote, or , in the case of a poll, not less than twenty-four (24) hours before the time appointed for the taking of the poll, and in default the instrument of proxy shall not be treated as valid.

72. When vote by proxy valid though authority revoked

A vote given in accordance with terms of an instrument of a proxy or attorney shall be valid notwithstanding the previous death or unsoundness of mind of the principal or revocation of the instrument or of the authority under which the instrument was executed, or the transfer of the share in respect of which the instrument is given, if no intimation in writing of such death, unsoundness of mind, revocation, or transfer as aforesaid has been received by the Company at the registered office not less than twenty-four (24) hours before the time for holding the meeting of Members or adjourned meeting at which the instrument is used.

DIRECTORS’ APPOINTMENT, ETC. 73. First Directors

The first Directors and founder Members of the Company shall be Dr. Abdul Halim bin Haji Ismail and Mohd Fadzli bin Yusof.

74. Retirement of Directors

All Directors of the Company shall retire from the office at least once every 3 years and at the Annual General meeting, one third (1/3) of the Directors for the time being, or if their number is not three or a multiple of three, then the number nearest to one-third (1/3), shall retire from office.

75. Retiring Director eligible for re-election A retiring Director shall be eligible for re-election. 76. Election of Directors An election of Directors shall take place each year. 77. Senior Directors to Retire

The Directors to retire in every year shall be those who have been longest in office since their last election, but as between persons who became Directors on the same day those to retire shall (unless they otherwise agree among themselves) be determined by lot.

78. (a) Office may be filled at meeting at which Director retires Where, at any general meeting, any Director retires in the manner provided under Rules 74

and 75, the Company may - (i) appoint a person to fill up the vacancy; or (ii) resolve that the number of Directors be reduced accordingly.

(b) This Rule shall only apply where a retiring Director chooses not to seek re-election, or where he elects to seek re-election by the resolution for his re-election was put to the meeting and lost.

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(c) No notice shall be required to be given in respect of an appointment under sub-rule (a)(i).

79. Person offering himself for election to be Director must give notice

(a) No person, not being a retiring Director shall be eligible for election to the office of Director at any general meeting unless some other Member intending to propose him, has, at least 11 clear days before the meeting left at the Registered Office a notice in writing duly signed by the nominee giving his consent to the nomination and, signifying his candidature for the office, or the intention of such Member to propose him; provided that in the case of a person recommended by the Directors for election, 9 clear days notice only shall be necessary, and notice of each and every candidature for election to the Board of Directors shall be served on the registered holders of shares at least 7 days prior to the meeting at which the election is to take place.

(b) For the avoidance of doubt, this Rule shall not apply in a case where the Company is

appointing a person to be a Director under Rule 78. 80. If places not filled up retiring Director deemed re-elected

Subject to any resolution reducing the number of Directors, if at any meeting at which an election of Directors ought to take place, the places of the Directors retiring at the meeting, or some of them are not filled up the retiring Directors, or such of them as have not had their places filled up, shall, if willing to act, be deemed to have been re-elected, unless at the meeting it is expressly resolved not to fill the vacated office or unless a resolution for the re-election of the Director is put to the meeting and lost.

81. Number of Directors

The number of Directors shall be not less than five (5) and not more than ten (10). Subject to the foregoing, the Company may from time to time by ordinary resolution passed at a general meeting increase or reduce the number of Directors and may also determine in what rotation the reduced or increased number is to go out of office.

82. Directors may be removed by ordinary resolution

(a) The Company may by ordinary resolution remove any Director before the expiration of his period of office, and may by an ordinary resolution appoint another person in his stead; the person appointed shall be subject to retirement at the same time as if he had become a Director on the day on which the Director in whose place he is appointed was last elected a Director.

(b) Special notice is to be given to the Company of a resolution to remove a Director under this

Rule or to appoint another person instead of the Director at the same meeting. (c) Notwithstanding this Rule, if a Director was appointed to represent the interests of any

particular class of Members or debenture holders, the resolution to remove the Director shall not take effect until the Director’s successor has been appointed.

83. Casual vacancy to be filled by Directors The Directors shall have power at any time and from time to time to appoint any person to be a

Director either to fill a casual vacancy or as an addition to the existing Directors. Any Director so appointed shall hold office only until the next following annual general meeting and shall then be eligible for re-election but shall not be taken into account in determining the Directors who are to retire by rotation at the meeting.

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84. Remuneration of Directors

(a) The fees and any benefits payable to the Directors of the Company shall be subject to annual shareholders’ approval at a general meeting. The Directors must also be paid all traveling, hotel, and other expenses properly incurred by them in attending and returning from meetings of the Directors or any committee of the Directors or general meetings of the Company or in connection with the business of the Company.

(b) Fees payable to non executive Directors shall be by a fixed sum and not by a commission on, or a percentage of, profits or turnover. Salaries payable to Directors who hold executive office in the Company may not include a commission on or percentage of turnover.

85. Directors’ qualification

There shall be no shareholding qualification for Directors.

86. Office of Director vacated in certain cases

The office of Director shall ipso facto become vacant if the Director:-

(a) falls within the circumstances set out in Section 208 of the Act;

(b) is dismissed from his office by a written resolution of at least 75% of his co-directors;

(c) without the consent of the Company in general meeting hold any other office of profit under the Company except that of Managing or Executive Director;

(d) is directly or indirectly interested in any contract or proposed contract with the Company and fails to declare the nature of this interest in manner required by the Act;

(e) is dismissed from his office by his fellow Directors on account of his failure to attend at least 75% of the meetings of the Board of Directors held in a financial year;

(f) is absent from more than 50% of the total Board of Directors’ meetings held from the date of his election or appointment as a Director to the end of the then current financial year of the Company, except when an exemption or waiver is obtained from the Exchange or any other relevant authorities; or

(g) is convicted by a court of law, whether in Malaysia or elsewhere, in relation to any of the offences set out in Paragraph 15.05 (1) of the Listing Requirements as follows:-

(i) an offence in connection with the promotion, formation or management of a company;

(ii) an offence involving bribery, fraud or dishonesty or where the conviction involved a finding that he acted fraudulently or dishonestly; or

(iii) an offence under the securities laws (means the Capital Markets and Services Act, 2007, the Securities Industry (Central Depositories) Act, 1991 and the Securities Commission Act, 1993) or the Companies Act, 2016.

87. Acts done in good faith by Director whose office is vacated

Any act done in good faith by a Director whose office is vacated as aforesaid shall be valid unlessprior to the doing of such act written notice has been served upon the Director or an entry has beenmade in the Directors’ Minute Book stating that such Director has ceased to be a Director of theCompany.

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88. The Company shall at every Annual General Meeting review the suitability of any Director who has failed without valid reason to attend at least 75% of the meetings of the Board of Directors held in a financial year and shall remove any Director who has so failed for a period of two (2) consecutive years.

POWERS AND DUTIES OF DIRECTORS 89. (a) General Powers of Directors

The business of the Company shall be managed by the Directors who may pay all expenses incurred in promoting and registering the Company, and may exercise all such powers of the Company as are not, by the Act or by these regulations required to be exercised by the Company in general meeting, subject, nevertheless, to any of these regulations, to the provisions of the Act, and to such regulations being not inconsistent with the aforesaid regulations or provisions as may be prescribed by the Company in general meeting shall invalidate any prior act of the Directors which would have been valid if that regulation had not been made.

(b) The Directors shall not enter or carry into effect any arrangement or transaction for—

(i) the acquisition of an undertaking or property of a substantial value; or (ii) the disposal of a substantial portion of the Company’s undertaking or property unless-

(aa) the entering into the arrangement or transaction is made subject to the approval

of the Company by way of a resolution; or (bb) the carrying into effect of the arrangement or transaction

has been approved by the Company by way of a resolution.

90. (a) Directors’ borrowing powers

The Directors may exercise all the powers of the Company to borrow money and to mortgage or charge its undertaking, property, and uncalled capital or any part thereof and to issue debentures and other securities whether outright or at security for any debt, liability, or obligation of the Company PROVIDED THAT the Directors shall not borrow any money or mortgage or charge any of the Company’s undertaking, property, or any uncalled capital, or to issue debentures and other securities whether outright or at security for any debt, liability or obligation of an unrelated third party.

(b) Issue of notes, etc.

Subject to the Company’s approval at general meeting, any notes, debentures, or other securities may be issued with any special privileges as to redemption, surrender, allotment of shares, attending and voting at general meetings of the Company, appointment of Directors and otherwise.

91. Use of official seal The Directors may exercise all the powers of the Company in relation to any official seal (or use

outside Malaysia and in relation to branch registers. 92. Attorneys

The Directors may from time to time by power of attorney appoint any corporation, firm, or person or body of person whether nominated directly or indirectly by the Directors, to be the attorney or

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attorneys of the Company for such purposes and with such powers, authorities and discretions (not exceeding those vested in or exercisable by the Directors under these regulations) and for such period and subject to such conditions as they may think fit, and such powers dealing with any such attorney as the Directors may think fit and may also authorize any such attorney as the Directors may think fit and may also authorize any such attorney to delegate all or any of the powers, authorities, and discretions vested in him.

93. Signing negotiable instruments and receipts

All cheques, promissory notes, drafts, bill of exchange, and other negotiable instruments, and allreceipts for money paid to the Company, shall be signed, drawn, accepted, endorsed, or otherwiseexecuted, as the case may be by any two (2) Directors or in such other manner as the Directors fromtime to time determine.

94. Directors to cause minutes to be made

The Directors shall cause minutes to be made:-

(a) of all appointments of officers to be engaged in the management of the Company affairs;

(b) of names of Directors present at all meetings of the Company and of the Directors; and

(c) of all proceedings at all meetings of the Company and of the Directors.

Such minutes shall be signed by the chairman of the meeting at which the proceedings were held or by the chairman of the next succeeding meeting.

PROCEEDINGS OF DIRECTORS

95. (a) Proceedings, meetings of Directors and quorum

The Directors may meet together for the despatch of business adjourn and otherwise regulate their meetings as they think fit, and unless otherwise determined by the Directors, the quorum necessary for the transaction of business shall be at least half of the Board of Directors at the time being. A Director interested in a contract or a proposed contract or arrangement shall not be counted for the purposes of determining a quorum.

(b) A meeting of the Directors for the time being at which a quorum is present shall be competent to exercise all or any of the authorities powers and discretions by or under these Rules for the time being vested in or exercisable by the Directors generally.

96. Meeting of the Directors by Instantaneous Telecommunication Device

(a) A meeting of the Directors may be held either—

(i) by a number of the Directors who constitute a quorum, being assembled together at the place, date, and time appointed for the meeting; or

(ii) by means of audio, or audio and visual, communication by which all Directors participating and constituting a quorum can simultaneously hear each other throughout the meeting.

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(b) Participation by a person in a meeting by means of audio, or audio and visual, communication facilities shall be treated as presence in person by that person at the said meeting and shall be counted towards the quorum notwithstanding the fact that he is not physically present at the venue where the meeting is to be held.

(c) For avoidance of doubt, such a meeting shall be deemed to be held at the place where the chairperson of the meeting is at the start of the meeting.

(d) Such a meeting shall not be deemed to have proceeded for such period or periods where the audio, or audio and visual, communication facilities have been disconnected.

(e) The chairperson shall have the discretion to postpone the meeting which had been disconnected and which cannot be reconnected within a reasonable time, to another date and time to be agreed by the participants of the meeting.

97. Votes of the Directors

(a) Each Director present at a meeting of the Directors shall have one (1) vote.

(b) A Director present at a meeting of the Directors is presumed to have agreed to and to have voted in favour of a resolution of the Directors unless he expressly dissents from or votes against the resolution at the meeting.

98. (a) Directors may contract with the Company

No Director or intending Director shall be disqualified by reason of his office from holding any other office or place of profit under the Company (other than that of auditor) or under any company in which the Company shall be a shareholder or otherwise interested or from contracting with the Company either with regard to his tenure of any such office or place of profit or as vendor, purchaser or otherwise nor shall any such contract or any proposed contract or arrangement entered into by or on behalf of the Company in which any Director is in any way interested be liable to be avoided nor shall any Director so contracting or being so interested be liable to account to the Company for any profit realized by any such contract or arrangement by reason of such Director holding that office or of the fiduciary relation thereby established provided always that Section 221 and all other relevant provisions of the Act and these Rules are complied with.

(b) No voting in respect of contract of which a Director is interested

A Director shall not vote in respect of any contract or proposed contract or arrangement in which he is interested directly or indirectly and if he shall do so his vote shall not be counted.

(c) A general notice given to the Directors by any Director to that effect that he is a member of any specified company or firm and is to be regarded as interested in any contract which may thereafter be made with that company or firm shall be deemed a sufficient declaration of interest in relation to any contract so made.

99. Chairman entitled to casting vote

Questions arising at any meeting shall be decided by a majority of votes. In case of an equality ofvotes, the Chairman (if he is also the Chairman of the Board of Directors) shall have a second orcasting vote PROVIDED THAT where the quorum is reduced to less than four (4) pursuant to Rule95(a) the Chairman shall not have a casting vote in the following circumstances:

(a) at a meeting at which only two (2) Directors are competent to vote on the question at issue; (b) at a meeting at which the quorum is reduced to two (2).

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100. Appointment of Alternate Director

Any Director (other than an Alternate Director) may appoint any person to act as his alternate provided that:

(a) such a person is not a Director of the Company; (b) such a person does not act as an alternate for more than one Director of the Company; (c) the appointment is approved by a majority of his co-Directors; (d) such person is willing to act, to be an Alternate Director; (e) such Alternate Director may be removed from office by the Director so appointed him; and (f) any fee paid by the Company to the Alternate Director shall be deducted from that Director’s

remuneration. 101. Calling of meetings

(a) Any two (2) Directors may at any time and the Secretary upon the request of the Directors shall convene a meeting of the Directors.

(b) Except as provided under sub-rule (c), a Director who is at any time not in Malaysia shall not

during such time be entitled to notice of any such meeting.

(c) A notice of a meeting of Directors shall in the case of a foreign Director be sent to his address in Malaysia.

102. Vacancies in Board The continuing Directors may act notwithstanding any vacancy in their body, but if and so long as

their number is reduced below the minimum number fixed by or pursuant to the regulations of the company, the continuing Directors may, except in an emergency, act only for the purpose of increasing the number of Directors to such minimum number, or to summon a general meeting of the company.

103. Directors may delegate their powers The Directors may delegate any of their powers to committees consisting of such member or

members of their body or of such other person or persons as they think fit, any committee so formed shall in the exercise of the powers so delegated conform to any regulations that may be imposed on it by the Directors.

104. Meetings of Committees

(a) The meetings and proceedings of any such committee consisting of two (2) or more members shall be governed by the provisions herein contained for regulating the meetings and proceedings of the Directors so far as the same are applicable thereto and are not superseded by any regulations made by the Directors under this Rule.

(b) The quorum necessary for any meeting and proceeding of any such committee shall consists

of any two (2) members of the committee. 105. Validity of acts All acts done by any meeting of the Directors or of a committee of Directors or by any person acting

as a Director, Manager, or Secretary or by any other committee shall, notwithstanding that it is

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afterwards discovered that there was some defect in the appointment of any such Director or person acting as aforesaid, or that they or any of them were disqualified, be as valid as if every such person had been duly appointed and was qualified to be a Director or a member of such other committee. Provided always that nothing in this Rule shall be deemed to give validity to acts done by such Director, Manager, or Secretary or by any other committee or persons acting as aforesaid after it had been discovered that there was some defect in such appointment or that they or any of them were disqualified.

106. Resolution signed by Directors to be valid

(a) A resolution in writing, signed by all the Directors for the time being present in Malaysia and entitled to receive notice of a meeting of the Directors or of a committee of Directors, shall be as valid and effectual as if it had been passed at a meeting of the Directors duly called and constituted.

(b) Any such resolution may consist of several documents, including facsimile or other similar

means of communication, in similar form and each document shall be signed or assented to by one or more Directors, all of which taken together and when delivered to the Secretary shall constitute one and the same resolution.

(c) A copy of any such resolution shall be entered in the minute book of board proceedings.

MANAGING DIRECTOR 107. Appointment of Managing or Executive Director

(a) Subject to Rule 10 hereof, the Directors may from time to time appoint one of their body to the office of Managing or Executive Director for such period and on such terms as they think fit but if the appointment is for a fixed term the term shall not exceed three (3) years and subject to the terms of any agreement entered into in any particular case may revoke any such appointment.

(b) A Managing Director, or a person performing the functions of a Managing Director, by

whatever name called, shall be subject to the control of the Directors. 108. Powers The Directors may entrust to and confer upon a managing or executive Director or any officer of the

company for the time being any of the powers exercisable by them upon such terms and conditions and with such restrictions as they may think fit, and either collaterally with or to the exclusion of their own powers and may from time to time revoke, withdraw, alter, or vary all or any of those powers.

SECRETARY

109. Secretary

(a) The Secretary shall be appointed by the Directors in accordance with the Act, for such term, at such remuneration, and upon such conditions as they may think fit; and any Secretary so appointed may be removed by them.

(b) If deemed fit by the Directors, two (2) or more persons may be appointed as joint Secretaries.

(c) The Directors may also appoint an Assistant or Deputy Secretary and the foregoing provisions of this Rule shall apply in relation to such office.

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SEAL

110. Seal to be used only with authority of Directors and the instruments to be signed by one Director and

counter-signed

The Directors shall provide for the safe custody of the Seal, which shall only be used by the authority of the Directors or of a committee of the Directors authorised by the Directors in that behalf, and every instrument to which the Seal is affixed shall be signed by a Director and shall be countersigned by the Secretary or by a second Director or by some other person appointed by the Directors for the purpose.

ACCOUNTS 111. (a) Accounts The Directors shall cause accounting records to be kept in accordance with the provisions of

the Act:-

(i) to sufficiently explain the transactions and financial position of the Company and enable true and fair profit and loss accounts and balance sheet and documents to be attached thereto to be prepared; and

(ii) in a manner as to enable such accounting and other records to be conveniently and

properly audited.

(b) The Company, its Directors and Managers shall cause the appropriate entries to be made in the accounting and other records within sixty (60) days of the completion of the transactions to which the entries relate.

(c) The records referred to in this Rule shall be retained for seven (7) years after the completion

of the transactions or operations to which the entries relate. (d) Custody of books The accounting records shall be kept at the Registered Office or subject to the Act, at such

other place as the Directors think fit and shall always be open to inspection by the Directors. (e) Inspection

(i) The Directors shall from time to time determine whether in any particular case or class of cases or generally, and to what extent, and at what times and places and under what conditions the accounts and books of the Company or any of them shall be open to the inspection of Members.

(ii) No Member (not being a Director) shall have any right of inspecting any account or

book or document of the Company, except as conferred by Act or authorised by the Directors or by a resolution of the Company in general meeting.

(f) Copy of report to Members

A copy of the reports by the Directors and auditors of the Company, the profit and loss accounts, balance sheet and group accounts (if any) (including all documents required by law to be annexed or attached to all or any of them), in printed form or in CD-ROM form or in such other form of electronic media, shall be sent (not later than six (6) months after the close of the financial year and at least twenty-one (21) days before the general meeting at which they are to be laid) to all Members, holders of debentures and all other persons entitled to

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receive notices of general meetings under the Act or this Constitution. The interval between the close of financial year of the Company and the issue of the annual audited accounts, the Directors’ and auditors’ reports shall not exceed four (4) months. In the event that these documents are sent in CD-ROM form or in such other form of electronic media and a Member requires a printed form of such documents, the Company shall send such documents to the Member within four (4) Market Days from the date of receipt of the Member’s request. The required number of copies of each of these documents shall at the same time be sent to the Exchange.

AUDITORS 112. Appointment of Auditors Auditors shall be appointed and their duties regulated in accordance with the Act.

DISTRIBUTIONS AND RESERVES 113. Declaration of distributions The Directors may from time to time pay to the Members such distributions and interim distributions

as appear to the Directors to be justified by the profits of the Company. 114. Distributions to be paid only out of profits

(a) No distribution shall be paid otherwise than out of profits of the Company. (b) Before a distribution is made by the Company to any Member, such distribution must be

authorised by the Directors. The Directors may authorise a distribution at such time and in such amount as they consider appropriate, if they are satisfied that the Company will be solvent immediately after the distribution is made. A declaration by the Directors as to the amount of the profits of other monies at any time available for dividends shall be conclusive.

(c) If after a distribution is authorised and before it is made, the Directors cease to be satisfied on

reasonable grounds that the Company will be solvent immediately after the distribution is made, the Directors shall take all necessary steps to prevent the distribution from being made.

(d) For the purposes of this Rule, the Company is regarded as solvent if the Company is able to

pay its debts as and when the debts become due within twelve months (12) immediately after the distribution is made.

115. Directors may form reserve fund and invest The Directors may, before recommending any distributions, set aside out of the profits of the

Company such sums as they think proper as reserves which shall, at the discretion of the Directors be applicable for any purpose to which the profits of the Company may be properly applied, and pending any such application may at the like discretion, either be employed in the business of the Company or be invested in such investments (other than shares in the Company) as the Directors may from time to time think fit. The Directors may also without placing the same to reserve carry forward any profits which they may think prudent not to divide.

116. Payment of distributions

Subject to the rights of persons, if any, entitled to shares with special rights as to distribution, all distributions shall be declared and paid according to the amounts paid or credited as paid on the

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shares in respect whereof the distribution is paid, but not amount paid or credited as paid on a share in advance of call shall be treated for the purpose of this regulation as paid on the share. All distributions shall be apportioned and paid proportionately to the amounts paid or credited as paid on the shares during any portion or portions of the period in respect of which the distribution is paid; but if any share is issued on terms providing that it shall rank for distribution as from a particular date that share shall rank for distribution accordingly.

117. Directors may deduct from distributions sums owed to Company The Directors may deduct form any distribution, bonus or other moneys payable to any Member all

sums of money (if any) presently payable by him to Company on account of call or otherwise in relation to the shares of the Company.

118. General Meeting may pay distribution in specie Any general meeting declaring a distribution or bonus may direct payment of such distribution or

bonus wholly or partly by the distribution of specific assets and in particular of paid-up shares, debentures or debenture stock of any other company or in any one or more of such ways and the Directors shall give effect to such resolution, and where any difficulty arises in regard to such distribution the Directors may settle the same as they think expedient, and fix the value for distribution of such specific assets of any part thereof and may determine that cash payments shall be made to any Members upon the footing of the value so fixed in order to adjust the rights of all parties and may vest any such specific assets in trustees as may seem expedient to the Directors.

119. Distribution payment through the post or by direct electronic transfer

Any distribution, or other money payable in cash in respect of shares may be paid by cheque or warrant sent through the post directed to the registered address of the holder. Every such cheque or warrant shall be made payable to the order of the person to whom it is sent. Payment of distribution may also be made by direct transfer electronically subject to the provisions of the Act, Rules of the Depository, the Listing Requirements of the Exchange and/or other regulatory authorities, to the bank account of the holder. Payment of distribution by cheque, warrant or by direct electronic transfer as aforesaid shall be a good discharge of the Company regardless of the fact that it may subsequently be found that there is any discrepancy in the details of the bank account given by the holder.

CAPITALIZATION OF PROFITS 120. Company may capitalize reserves and undivided profits The Company in general meeting may upon the recommendation of the Directors resolve that it is

desirable to capitalize any part of the amount for the time being standing to the credit of any of the Company’s reserve accounts or to the credit of the profit and loss account or otherwise available for distribution, and accordingly that such sum be set free for distribution amongst the Members who would have been entitled thereof if distributed by way of distribution and in the same proportions on condition that the same be not paid cash but applied either in or towards paying up any amounts for the time being unpaid on any shares held by such Members respectively or paying up in full unissued shares or debentures of the Company to be allotted and distribute credited as fully paid up to and amongst such Members in the proportion aforesaid, or partly in the other, and the Directors shall give effect to such resolution.

121. Procedure on capitalisation Whenever such a resolution as aforesaid shall have been passed, the Directors shall do all acts

required to give effect to the resolution and shall have the power to –

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(a) make payment in cash in lieu of issuing fractions of shares or debentures to any Member; and (b) authorise any person to enter on behalf of all the Members entitled to any shares or

debentures into an agreement with the Company for –

(i) the allotment and issue to those Members of any shares or debentures credited as fully paid up, upon such capitalisation; or

(ii) the payment by the Company on behalf of those Members, of their respective

proportions of the profits to be capitalised of the amount or any part of the amount remaining unpaid on their existing shares,

in accordance with the resolution. Any agreement made pursuant to this Rule shall be effective and binding on all Members.

NOTICE 122. (a) How notices to be served on Members A notice may he given by the Company to any Member either by:-

(i) serving it on him personally; (ii) sending it by post to him at his address in Malaysia as shown in the Register or as

supplied by him to the Company for the giving of notices to him; or (iii) sending it to him in electronic form.

(b) Member to notify and register his address If a Member has no registered address in Malaysia and has not supplied to the Company an

address within Malaysia or Singapore for the giving of notices to him a notice advertised in a newspaper circulating in the neighbourhood of the Registered Office of the Company shall be deemed to be duly given to him on the day on which the advertisement appears.

(c) When notice by post deemed to be served

(i) Where a notice is sent by post, service of the notice shall be deemed to be effected by properly addressing, preparing, and posting a letter containing the notice, and to have been served, in the case of a notice of a meeting, on the day after the date of its posting and, in any other case, at the time at which the letter would be delivered in the ordinary course of post.

(ii) Where a notice is sent in electronic form to the electronic address of a Member,

service of the notice shall be deemed to be effected at the time of transmission provided always that the Company obtains the reply message or other applicable proof indicating that the electronic communication has been delivered.

(d) Certificate of posting A certificate in writing signed by a Director or any other officer of the Company that the

envelope or wrapper containing the notice was so addressed, prepaid and posted shall be conclusive evidence thereof. Any notice given by advertisement shall be deemed to have been given on the day on which the advertisement shall first appear.

(e) Authority The signature to any notice to be given by the Company may be written or printed.

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(f) Period of notice Where a given number of days’ notice or notice extending over any other period is required to

be given, the day of service and the day on which the notice is to be operative shall be excluded in computing such number of days or other period.

(g) Every person who becomes entitled to a share shall be bound by any notice in respect of that

share which before his name is entered in the Register has been duly given to a person from whom he derives his title.

123. Notices in case of death or bankruptcy A notice may be given by the Company to the persons entitled to a share in consequence of the death

or bankruptcy of a Member by sending it through the post in a prepaid letter addressed to them by name, or by the title of representatives of the deceased or assignee of the bankrupt, or by any like description, at the address, if any, within Malaysia supplied for the purpose by the persons claiming to be so entitled, or (until such an address has been so supplied) by giving notice in any manner in which the same might have been given if the death or bankruptcy had not occurred.

124. Notice of general meeting

(a) Notice of every general meeting shall be given in any manner herein before authorized to:-

(i) every Member of the Company except those Members who (having no registered address within Malaysia) have not supplied to the Company an address within Malaysia for the giving of notice to them;

(ii) every person entitled to a share in consequence of the death, bankruptcy or insolvency

of a Member who, but for his death, bankruptcy or insolvency, would be entitled to receive notice of the meeting;

(iii) the auditor for the time being of the Company; (iv) every stock exchange on which the Company’s shares are listed; and (v) every Director for the time being of the Company. (b) No other person shall be entitled to receive notices of general meetings.

WINDING-UP

125. On a winding up of the Company the balance of the assets available for distribution among the Members shall (subject to any special rights attaching to any class of shares) be applied in repaying to the Members the amounts paid up on the shares held by them and any surplus assets will belong to the holders of any issued ordinary shares according to the respective numbers of shares held by them or, if there are no issued ordinary shares, to the holders of any issued unclassified shares according to the respective numbers of shares held by them.

126. Distribution in specie If the company is wound up the liquidator may, with the sanction of a special resolution of the

Company divide amongst the Members in kind the whole or any part of the assets of the Company (whether they consists of property of the same kind or not) and may for the purpose set such value as he deems fair upon any property to be divided as aforesaid any may determine how the division shall be carried out as between the Members. The liquidator may, with the like sanction, vest the whole or

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any part of any such assets in trustees upon such trusts for the benefit of the contributors as the liquidator, with the like sanction, thinks fit, but so that no number shall be compelled to accept any shares or other securities whereon there is any liability.

INDEMNITY 127. Indemnity

(1) Subject to the provisions of the Act, the Company may indemnify an officer of the Company

for any costs incurred by him or the Company in respect of any proceedings–

(a) that relate to the liability for any act or omission in his capacity as an officer; and (b) in which judgment is given in favour of the officer or in which the officer is acquitted

or is granted relief under the Act, or where proceedings are discontinued or not pursued.

(2) Subject to the provisions of the Act, the Company may indemnify an officer of the Company

in respect of –

(a) any liability to any person, other than the Company, for any act or omission in his capacity as an officer;

(b) any costs incurred by that officer in defending or settling any claim or proceedings

relating to such liability except –

(i) any liability of the Director to pay -

(aa) A fine imposed in criminal proceedings; or (bb) a sum payable to a regulatory authority by way of a penalty in respect of

non-compliance with any requirement of a regulatory nature, howsoever arising; or

(ii) any liability incurred by the Director -

(aa) in defending any criminal proceedings in which he is convicted; or (bb) in defending any civil proceedings brought by the Company, or an

associated company, in which judgment is given against him; or (cc) any costs incurred in connection with an application for relief under the

Act.

(3) The Company may, with the prior approval of the Board, effect insurance for an officer of the Company in respect of –

(a) civil liability, for any act or omission in his capacity as an officer; and (b) costs incurred by that officer in defending or settling any claim or proceeding relating

to any such liability; or (c) costs incurred by that officer in defending or settling any proceedings that have been

brought against that person in relation to any act or omission in that person’s capacity as an officer –

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(i) in which that person is acquitted; (ii) in which that person is granted relief under the Act; or (iii) where proceedings are discontinued or not pursued.

(4) The provisions of sub-rules (1), (2)(a) and 2(b) above shall not apply to any civil or criminal

liability in respect of a breach by a Director of his duties under section 213 of the Act.

(5) The Directors shall –

(a) record or cause to be recorded in the minutes of the Board; and (b) disclose or cause to be disclosed in the Directors’ report referred to in section 253 of

the Act.

(6) The particulars of any indemnity given, or insurance effected for any officer of the Company.

For the purpose of this Rule –

(a) “officer” includes –

(i) any Director, Manager, Secretary or employee of the Company;

(ii) a former officer;

(iii) a Receiver or Receiver and Manager of any part of the undertaking of the Company appointed under a power contained in any instrument; and

(iv) any Liquidator of the Company appointed in a voluntary winding up, but does

not include –

(aa) any Receiver who is not also a Manager; (bb) any Receiver and Manager appointed by Court; or (cc) any Liquidator appointed by the Court or by the Creditors of the Company;

(b) “effect insurance” includes payment, whether directly or indirectly, the costs of the

insurance; and

(c) “indemnify” includes relief or excuse from liability, whether before or after the liability arises, and “indemnity” has a corresponding meaning.

SECRECY 128. Secrecy Save as may be expressly provided by the Act, no Member shall be entitled to enter into or upon or

inspect any premises or property of the Company nor to require discovery of any information respecting any detail of the Company’s trading or any matter which is or may be in the nature of a trade secret, mystery of trade or secret process which may relate to the conduct of the business of the Company and which, in the opinion of the Directors, it would be inexpedient in the interests of the Members of the Company to communicate to the public.

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ALTERATION OF CONSTITUTION

129. Alteration of Constitution No deletion, amendment or addition to any of this Constitution shall be made unless prior written

approval has been sought and obtained from the Exchange or any other stock exchange on which the Company’s shares are listed from such deletion, amendment or addition.

130. Effect of the Exchange Listing Requirements

(a) Notwithstanding anything contained in this Constitution, if the Listing Requirements prohibit an act being done, the act shall not be done.

(b) Nothing contained in this Constitution shall prevent an act being done if the Listing

Requirements require such act to be done. (c) If the Listing Requirements require an act to be done or not to be done, authority is given for

that act to be done or not to be done (as the case may be). (d) If the Listing Requirements require this Constitution to contain a provision and they do not

contain such a provision, this Constitution shall be deemed to contain such provision. (e) If the Listing Requirements require this Constitution not to contain a provision and they

contain such a provision, this Constitution shall be deemed not to contain such provision. (f) If any provision of this Constitution is or becomes inconsistent with the Listing

Requirements, this Constitution shall be deemed not to contain such provision to the extent of the inconsistency.

(g) For the purpose of this Constitution, unless the context otherwise requires, “Listing

Requirements” means the Listing Requirements of the Exchange including any amendment to the Listing Requirements that may be made from time to time.”

COMPLIANCE

131. Notwithstanding these Rules, the Company shall comply with the Act, the Central Depositories Act, the Rules of the Depository and the Listing Requirements in respect of all matters where applicable.

132. If any of the Rules in this Constitution is inconsistent with or in breach of any of the provisions of

the Act other than any replaceable Rule which has been modified, replaced or excluded by the provisions in this Constitution, then –

(a) that Rule shall be read down to the extent necessary to comply with the provisions of the Act;

and (b) that Rule or those portions thereof which are inconsistent with or in breach of any provision

of the Act shall be struck out and deemed not to form part of this Constitution.

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SYARIKAT TAKAFUL MALAYSIA BERHAD (Company No: 131646-K)(Incorporated in Malaysia)

NOTICE OF EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING (“EGM”) of SYARIKAT TAKAFUL MALAYSIA BERHAD will be held at Dewan Ahmad Mohamed Ibrahim, 5th Floor, Annexe Block, Menara Takaful Malaysia, No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur on Thursday, 24 May 2018 at 2:30 p.m. to consider and if deemed fit, to pass with or without modifications, the following Special Resolutions:

1. Proposed Change of Name of the Company from “Syarikat TakafulMalaysia Berhad” to “Syarikat Takaful Malaysia Keluarga Berhad”(“Proposed Change of Name”)

“THAT the name of the Company be changed from “Syarikat Takaful MalaysiaBerhad” to “Syarikat Takaful Malaysia Keluarga Berhad” effective from thedate of issuance of the Notice of Registration of New Name by the CompaniesCommission of Malaysia to the Company and that all references in theCompany’s Constitution in relation to the name “Syarikat Takaful MalaysiaBerhad” wherever the same may appear, shall be deleted and substituted with“Syarikat Takaful Malaysia Keluarga Berhad”.

AND THAT the Board of Directors be and are hereby authorised andempowered to carry out all the necessary steps and formalities in effecting theProposed Change of Name.” (Special Resolution 1)

2. Proposed Amendments to the Company’s Constitution (“ProposedAmendments”)

“THAT the Proposed Amendments as set out in Appendix I and the Constitutionincorporating the Proposed Amendments as set out in Appendix II of theCircular to Shareholders dated 2 May 2018 be and are hereby approved andadopted as the Constitution of the Company in substitution for, and to theexclusion of the existing Constitution of the Company.

AND THAT the Board of Directors of the Company be and are herebyauthorised and empowered to take all acts, deeds and things as are necessaryand/or expedient in order to implement, finalise and give full effect to theProposed Amendments with full powers to assent to any conditions,modifications and/or amendments as may be required by any relevantauthorities.” (Special Resolution 2)

FURTHER NOTICE IS HEREBY GIVEN THAT for the purpose of determining a member who shall be entitled to attend the EGM, the Company shall be requesting Bursa Malaysia Depository Sdn. Bhd., in accordance with Article 41(f)(ii) of the Constitution of the Company and Section 34(1) of the Securities Industry (Central Depositories) Act 1991, to issue a General Meeting Record of Depositors as at 16 May 2018. Only a depositor whose name appears on the Record of Depositors as at 16 May 2018 shall be entitled to attend the said meeting or appoint proxies to attend and/or vote on his/her behalf.

By Order of the Board

MOHAMAD ASRI YUSOFF (MIA 14171) Company Secretary Kuala Lumpur 2 May 2018

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Explanatory Notes: 1. Appointment of Proxy

(i) A member of the Company entitled to attend and vote at this meeting is entitled to appoint not more than

two (2) proxies to attend and to vote instead of him at the same meeting and a proxy need not be a member of the Company.

(ii) Where a member of the Company appoints two (2) proxies, the appointments shall be invalid unless he

specifies the proportions of his holdings to be represented by each proxy.

(iii) Where a member of the Company is an exempt authorised nominee as defined under the Securities Industry (Central Depositories) Act 1991 which holds ordinary shares in the Company for multiple beneficial owners in one securities account (“omnibus account”), there is no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each omnibus account it holds.

(iv) The instrument appointing a proxy in the case of an individual shall be signed by the appointer or his

attorney and in the case of a corporation, must be under seal or under the hand of an officer or attorney duly authorised.

(v) The instrument appointing a proxy must be deposited at the Office of the Share Registrar of the Company,

Symphony Share Registrars Sdn. Bhd. (378993-D), Level 6, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor not less than twenty-four (24) hours before the time for holding the meeting or any adjournment thereof.

(vi) Only members whose names appear in the Record of Depositors on 16 May 2018 shall be eligible to attend,

speak and vote at the EGM or appoint proxy(ies) to attend, speak and/or vote on their behalf. (vii) Pursuant to Paragraph 8.29A(1) of the Bursa Malaysia Securities Berhad Main Market Listing

Requirements, all resolutions set out in the Notice of EGM will be put to vote by poll.

2. Special Resolution 1 – Proposed Change of Name of the Company from “Syarikat Takaful Malaysia Berhad” to “Syarikat Takaful Malaysia Keluarga Berhad” The Special Resolution 1 was proposed pursuant to the proposed reorganisation of the Company involving the conversion of the composite licence to single licences for the Company’s family takaful business and general takaful business as required under Sections 16(1) and 286 of the Islamic Financial Services Act 2013 (“IFSA”) as announced to Bursa Securities on 10 August 2017. Further details are set out in the Circular to Shareholders dated 2 May 2018.

3. Special Resolution 2 – Proposed Amendments to the Company’s Constitution

The Special Resolution 2 if passed, shall streamline the Constitution of the Company with the Companies Act 2016 which came into force on 31 January 2017, the updated provisions of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, BNM’s guidelines and other prevailing statutory and regulatory requirements as well as to render clarity and consistency throughout the Constitution. Further details are set out in the Circular to Shareholders dated 2 May 2018.

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SYARIKAT TAKAFUL MALAYSIA BERHAD (Company No: 131646-K)(Incorporated in Malaysia)

FORM OF PROXY FOR EGM

NUMBER OF ORDINARY SHARES HELD CDS ACCOUNT NO

I/We……………………………………………………………………………………………………………………...(Full Name of Shareholder as per NRIC)

NRIC No. / Passport No. / Company No……………………………………………………………………………...

of………………………………………………………………………………………………………………………... (Full Address)

Telephone No. ……………………………being a Member / Members of Syarikat Takaful Malaysia Berhad (“the Company”), hereby appoint:

or failing him/her, the Chairman of the Meeting as my / our proxy to vote for me / us on my / our behalf at theEXTRAORDINARY GENERAL MEETING of SYARIKAT TAKAFUL MALAYSIA BERHAD, to be held at Dewan Ahmad Mohamed Ibrahim, 5th Floor, Annexe Block, Menara Takaful Malaysia, No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur on Thursday, 24 May 2018 at 2:30 p.m. and any adjournment thereof.

Please indicate an “X” in the space provided below, how you wish to cast your vote in respect of the following resolutions. In the absence of specific directions, your proxy may vote or abstain at his/her discretion. If you appoint two (2) proxies, please specify the proportions of holdings to be represented by each proxy.

My / Our proxy is to vote as indicated hereunder:

NO. RESOLUTION FOR AGAINST1 Special Resolution 1

Proposed Change of Name of the Company from “Syarikat Takaful Malaysia Berhad” to “Syarikat Takaful Malaysia Keluarga Berhad”

2 Special Resolution 2

Proposed Amendments to the Company’s Constitution

Dated this.......day of .........................2018

__________________________________ Signature/Common Seal of Shareholders

Proxy 1 No. of Shares %Full Name of Proxy as per NRICNRIC / Passport No.Full Address

and/or failing him/her;Proxy 2 No. of Shares %Full Name of Proxy as per NRICNRIC / Passport No.Full Address

TOTAL SHARES 100%

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Notes: (i) A Member of the Company entitled to attend and vote at this meeting is entitled to appoint not more than two (2) proxies to attend and to

vote instead of him at the same meeting and a proxy need not be a Member of the Company.

(ii) Where a Member of the Company appoints two (2) proxies, the appointments shall be invalid unless he specifies the proportions of his holdings to be represented by each proxy.

(iii) Where a Member of the Company is an exempt authorised nominee as defined under the Securities Industry (Central Depositories) Act

1991 which holds ordinary shares in the Company for multiple beneficial owners in one securities account (“omnibus account”), there is no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each omnibus account it holds.

(iv) The instrument appointing a proxy in the case of an individual shall be signed by the appointer or his attorney and in the case of a corporation, must be under seal or under the hand of an officer or attorney duly authorised.

(v) The instrument appointing a proxy must be deposited at the Office of the Share Registrar of the Company, Symphony Share Registrars

Sdn. Bhd. (378993-D), Level 6, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor not less than twenty-four (24) hours before the time for holding the meeting or any adjournment thereof.

(vi) Only members whose names appear in the Record of Depositors on 16 May 2018 shall be eligible to attend, speak and vote at the EGM or

appoint proxy(ies) to attend, speak and/or vote on their behalf. (vii) Pursuant to Paragraph 8.29A(1) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, all resolutions set out in the

Notice of EGM will be put to vote by poll.

……………………………………………………………………………………………………………………………………………………………..

SYMPHONY SHARE REGISTRARS SDN BHD (378993-D) LEVEL 6, SYMPHONY HOUSE PUSAT DAGANGAN DANA 1 JALAN PJU 1A/46 47301 PETALING JAYA SELANGOR

……………………………………………………………………………………………………………………………............................

AFFIX STAMP

HERE

Notes: (i) A Member of the Company entitled to attend and vote at this meeting is entitled to appoint not more than two (2) proxies to attend and to

vote instead of him at the same meeting and a proxy need not be a Member of the Company.

(ii) Where a Member of the Company appoints two (2) proxies, the appointments shall be invalid unless he specifies the proportions of his holdings to be represented by each proxy.

(iii) Where a Member of the Company is an exempt authorised nominee as defined under the Securities Industry (Central Depositories) Act

1991 which holds ordinary shares in the Company for multiple beneficial owners in one securities account (“omnibus account”), there is no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each omnibus account it holds.

(iv) The instrument appointing a proxy in the case of an individual shall be signed by the appointer or his attorney and in the case of a corporation, must be under seal or under the hand of an officer or attorney duly authorised.

(v) The instrument appointing a proxy must be deposited at the Office of the Share Registrar of the Company, Symphony Share Registrars

Sdn. Bhd. (378993-D), Level 6, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor not less than twenty-four (24) hours before the time for holding the meeting or any adjournment thereof.

(vi) Only members whose names appear in the Record of Depositors on 16 May 2018 shall be eligible to attend, speak and vote at the EGM or

appoint proxy(ies) to attend, speak and/or vote on their behalf. (vii) Pursuant to Paragraph 8.29A(1) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, all resolutions set out in the

Notice of EGM will be put to vote by poll.

……………………………………………………………………………………………………………………………………………………………..

SYMPHONY SHARE REGISTRARS SDN BHD (378993-D) LEVEL 6, SYMPHONY HOUSE PUSAT DAGANGAN DANA 1 JALAN PJU 1A/46 47301 PETALING JAYA SELANGOR

……………………………………………………………………………………………………………………………............................

AFFIX STAMP

HERE