Asian Micro Holdings Limited: Annual General Meeting 2025 – Detailed Investor Report

Introduction

Asian Micro Holdings Limited (“the Company”) held its Annual General Meeting (“AGM”) on 17 October 2025 at Orchid Country Club, Singapore. The meeting was attended by the Board of Directors, Company representatives, and shareholders. The AGM was conducted in compliance with the Catalist Rules of the Singapore Exchange, ensuring all voting was done by poll, thereby respecting full shareholder voting rights.

Key Resolutions and Developments

1. Adoption of Directors’ Statement and Audited Financial Statements

   Shareholders unanimously adopted the Directors’ Statement and the Audited Financial Statements for the financial year ended 30 June 2025. The results reflect the Company’s financial health and operational performance during the year.

2. Re-election and Change of Chairman’s Status

   Mr. Cheah Wee Teong, previously the Independent Non-Executive Chairman, was re-elected as Director. Following his re-election, Mr. Cheah will be re-designated as the Non-Executive and Non-Independent Chairman, meaning he is no longer considered independent under Rule 704(7) of the Catalist Rules. This also results in Mr. Cheah stepping down as Chairman of the Audit Committee, though he will remain a member of the Audit, Nominating, and Remuneration Committees.

   Shareholder Impact: This change in leadership and independence status may affect the Company’s governance profile, which investors should monitor closely for future compliance and strategic decision-making implications.

3. Retirement of Long-Serving Independent Director

   Mr. Lee Teck Meng Stanley retired from the Board after serving over nine years. His departure is due to new regulations imposing tenure limits for Independent Directors and the Company’s need for Board renewal. Mr. Lee also relinquished his roles as Chairman of the Nominating and Remuneration Committees and as a member of the Audit Committee.

   Shareholder Impact: Investors should note the potential impact on board expertise and oversight resulting from Mr. Lee’s retirement, which may affect strategic direction and risk management.

4. Directors’ Fees Approved

   The payment of Directors’ fees totaling S\$35,000 for the financial year ended 30 June 2025 was approved by shareholders.

5. Re-appointment of Auditors

   Ernst & Young LLP was re-appointed as the Company’s auditors for another term, with remuneration to be determined by the Directors.

6. Authority to Issue New Shares

   The AGM granted the Board authority to issue new shares, including options, warrants, debentures, or other instruments convertible into shares. The total number of shares to be issued under this mandate shall not exceed 100% of the Company’s issued share capital (excluding treasury shares and subsidiary holdings), with up to 50% allowed for non-pro-rata issues.

   • Calculation of share limits will adjust for new shares arising from convertible securities, share options, and any bonus issue, consolidation, or subdivision of shares.
   • This authority remains valid until the next AGM unless revoked or varied by shareholders in a general meeting.

   Shareholder Impact: This resolution is potentially price sensitive as it provides flexibility for the Company to raise capital quickly for expansion, acquisitions, or other strategic initiatives. Such a mandate can lead to share dilution, but also signals growth prospects if the funds are deployed effectively.

Poll Results

Other Noteworthy Points for Investors

• No Shareholder Questions: The Company did not receive any pre-submitted questions from shareholders before the stipulated deadline, and none were raised during the AGM. This may signal overall shareholder satisfaction or lack of pressing concerns at this time.
• Board Renewal and Governance Changes: The retirement of a long-serving independent director and the change in independence status of the Chairman reflect ongoing governance evolution, which could affect investor confidence and regulatory compliance perception.
• Potential Share Capital Dilution: The authority to issue up to 100% new shares, with up to 50% non-pro-rata, could lead to dilution of existing shareholders. Investors should monitor subsequent announcements regarding share placements or capital raising activities.

Conclusion

The 2025 AGM of Asian Micro Holdings Limited saw the approval of all resolutions with overwhelming support, signaling stability in shareholder sentiment. However, important changes in board composition and the renewed mandate to issue shares may influence the Company’s strategic direction and capital structure, with potential implications for its share price and long-term growth prospects.

Disclaimer: This article is intended for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Investors should conduct their own due diligence or consult a professional advisor before making investment decisions related to Asian Micro Holdings Limited.

View Asian Micro Historical chart here