V.S. International Group Limited (Stock Code: 1002)

Extraordinary General Meeting (EGM) Poll Results: Key Details & Shareholder Implications

Summary of EGM and Resolutions Passed

V.S. International Group Limited (“the Company”) has announced the results of its Extraordinary General Meeting (EGM) held on 27 February 2026, following the release of a circular dated 30 January 2026. The EGM was convened to vote on a series of important resolutions which have direct implications for the Company’s structure and future direction.

Key Points from the EGM

• Major Resolution Passed: The shareholders approved the exercise of the Call Option relating to 6,000,000 ordinary shares of V.S. Vietnam, which includes the issue of Consideration Shares.
• Specific Mandate Granted: Shareholders also granted a specific mandate to the Board to allot and issue the Consideration Shares.
• Authorization to Directors: The EGM authorized any one Director to undertake all actions and sign any necessary documents to implement the approved resolutions.

Detailed Poll Results

The poll was administered by Computershare Hong Kong Investor Services Limited, acting as scrutineers. The results were overwhelmingly in favor of the resolutions:

• Votes For: 177,969,962 shares (100.00%)
• Votes Against: 0 shares (0.00%)

These percentages are based on shares held by shareholders who voted in person, by corporate representative, or by proxy at the EGM.

Important Shareholder Information

• Total Issued Shares: 2,511,084,792 shares as at the date of the EGM.
• Abstention Requirement: Major shareholders, including VS Berhad, Mr. Beh Kim Ling, Mr. Beh Chern Wei, and their associates (collectively controlling 1,465,861,534 shares, roughly 58.38% of issued shares), were required to abstain from voting on the resolutions due to potential conflicts of interest.
• Independent Shareholders: Only independent shareholders, holding 1,045,223,258 shares (41.62% of issued shares), were entitled to vote on the resolutions.
• No Treasury Shares: The Company had no treasury shares, and no shares repurchased by the Company were pending cancellation.
• No Shareholders Required to Vote Against: No shareholders were required to vote only against the resolution, and none had stated an intention to vote against or abstain in the Circular.

Potential Price-Sensitive Implications

• Exercise of Call Option: The approved exercise of the Call Option for 6,000,000 shares of V.S. Vietnam is a significant strategic move. This may affect the Company’s asset base, ownership structure, and future earnings, potentially impacting share value.
• Issuance of Consideration Shares: The creation and issuance of new shares as consideration could dilute existing shareholdings, but may also reflect growth or expansion plans.
• Clear Investor Support: The resolutions were passed unanimously by the independent shareholders, indicating strong support for management’s direction. This could be viewed positively by the market.
• Governance and Transparency: The abstention of significant shareholders demonstrates adherence to governance standards, which may enhance investor confidence.

Attendance of Directors

Notably, Mr. Beh Kim Ling, Mr. Beh Chern Wei, Ms. Beh Hwee Sze, and Mr. Tang Sim Cheow attended the EGM in person. Mr. Wan Mohd Fadzmi and Ms. Fu Xiao Nan attended via video conference, ensuring full Board participation in the decision-making process.

Board Composition

• Executive Directors: Mr. Beh Kim Ling, Mr. Beh Chern Wei, Ms. Beh Hwee Sze
• Independent Non-Executive Directors: Mr. Tang Sim Cheow, Ms. Fu Xiao Nan, Mr. Wan Mohd Fadzmi

Conclusion

The unanimous approval of the resolutions by independent shareholders at the EGM marks a strategic milestone for V.S. International Group Limited. The exercise of the Call Option and subsequent issuance of Consideration Shares could signal expansion and growth opportunities, while also raising potential dilution concerns. Investors should monitor future announcements regarding implementation and any changes to the Company’s shareholding structure or financial outlook.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisors before making any investment decisions. The information herein is based on publicly disclosed documents and may be subject to change.

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