TEHO International Inc Ltd. Annual General Meeting 2025: Detailed Investor Report

1. Introduction and Key Attendees

TEHO International Inc Ltd. held its Annual General Meeting (AGM) on 29 October 2025 at Carlton Hotel Singapore. The meeting was chaired by Mr Lim See Hoe and attended by the full board, key management personnel, and representatives from KPMG LLP as the external auditor.

2. Quorum and Procedures

The meeting commenced at 3.00 p.m. with a confirmed quorum. All motions at the AGM were to be voted by poll, in line with SGX Catalist Rules, ensuring transparency and accuracy in shareholder voting.

3. Financial Statements and Dividend Declaration

• Audited Financial Statements: The Directors’ Statement and Audited Financial Statements for the year ended 30 June 2025, together with the Independent Auditor’s Report, were received and adopted. This signals financial transparency and continued regulatory compliance.
• Dividend Announcement: The Board recommended and shareholders approved a first and final (tax exempt one-tier) dividend of 0.10 Singapore cents per ordinary share for the financial year ended 30 June 2025. The declaration of dividends is a positive signal for income-focused investors and may be price sensitive, reinforcing the company’s commitment to shareholder returns.

4. Directors’ Fees and Board Changes

• Directors’ Fees: Approved payment of Directors’ fees of \$200,000 for the financial year ending 30 June 2026, to be paid quarterly in arrears. This reflects the company’s ongoing commitment to governance and board incentives.
• Board Renewal: Several directors, including Ms Lim Siew Cheng, Mr Chua Kim Leng, Mr Lim Peng Chuan Terence, and Mr Yee Kee Shian Leon, were re-elected with unanimous support—ensuring continuity of leadership. Notably, Ms Joanne Khoo Su Nee resigned as Non-Independent Non-Executive Director effective 31 October 2025, as part of board renewal efforts. Her departure was formally recognized, and the Board expressed gratitude for her contributions. Board renewal may impact investor perceptions of governance and strategic direction.

5. Auditor Re-Appointment

KPMG LLP has been re-appointed as the company’s external auditor. The Board is authorized to fix their remuneration. Continued engagement with a reputable auditor is a positive for risk management and compliance.

6. Authority to Issue New Shares and Convertible Securities

The AGM approved a resolution authorizing directors to allot and issue new shares and convertible securities, up to 100% of issued shares, with a maximum of 50% on a non-pro-rata basis to existing shareholders. This authority is valid until the next AGM or as required by law.

• Potential Implications: This mandate provides flexibility for capital raising, strategic investments, or corporate actions such as mergers and acquisitions. Such authorization can be price sensitive, as future share issuances may dilute existing holdings but also enable growth initiatives.

7. Poll Results

All resolutions were passed with 100% support from shareholders (152,759,970 shares voted in favour for each resolution). This unanimous support reflects strong shareholder alignment with management and board decisions.

8. Other Business

No other business was raised or transacted during the meeting. The AGM concluded at 3.30 p.m.

9. Investor Takeaways

• Dividend declaration and authority to issue new shares are key price-sensitive outcomes.
• Board renewal and director fees adjustments may influence governance perceptions.
• Unanimous shareholder support signals strong confidence in management and strategic direction.

Disclaimer: This article is a summary of official AGM minutes and is intended for informational purposes only. Investors are advised to conduct their own due diligence or consult professional advisors before making investment decisions. The information herein does not constitute financial advice or an offer to buy or sell securities.

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