Serial Achieva Limited Releases Proxy Form & Key Resolutions for 2026 AGM

Serial Achieva Limited (Company Registration Number: LL12218), incorporated in Labuan, Malaysia, has released its official Proxy Form for the upcoming Annual General Meeting (AGM) scheduled for Wednesday, 29 April 2026, at 11:00 a.m. The AGM will be held at 8 Ubi View, #05-01, Serial System Building, Singapore 408554.

Key Points and Resolutions for Investor Attention

• Financial Statement Adoption: Shareholders are to vote on the adoption of the Directors’ Statement and Audited Financial Statements for the financial year ended 31 December 2025, together with the Auditor’s Report. This is a critical review of the company’s financial health and performance for the past year.
• Directors’ Fees: Approval is sought for directors’ fees of up to S\$200,000 for the financial year ending 31 December 2026, payable quarterly in arrears. Any changes to fee structures may impact the company’s cost structure.
• Re-Election of Directors:
  • Mr. Sean Goh Su Teng
  • Mr. Jason Su Weixun
  • Ms. Kay Pang Ker-Wei

  The continuity or change in board composition can influence the company’s direction and corporate governance.

• Auditor Re-Appointment: Proposal to re-appoint Moore Stephens LLP as auditors and authorize directors to fix their remuneration. Auditor changes or remuneration adjustments may signal changes in audit strategy or company priorities.
• Share Issuance Authority:
  • Authority to allot and issue shares
  • Renewal of shareholders’ mandate for interested person transactions
  • Authority to offer and grant share options, as well as to allot and issue shares under the Serial Achieva Employee Share Option Scheme
  • Authority to offer and grant share options at a discount under the Employee Share Option Scheme
  • Authority to grant awards of shares and to allot and issue shares under the Serial Achieva Performance Share Plan

  These resolutions can have a direct impact on share capital, potential dilution, and employee incentive structures. If approved, they could significantly affect share value, especially if large-scale options are exercised or additional shares are issued.

Important Shareholder Information

• Proxy Appointment: Shareholders may appoint up to two proxies (or more if a “Relevant Intermediary”) to attend, speak, and vote on their behalf. If no proxy is named, the Chairman of the AGM will act as proxy.
• CPF/SRS Investors: Investors using CPF or SRS monies cannot use the Proxy Form directly and must submit instructions to their agent banks by 20 April 2026.
• Submission Deadline: The completed Proxy Form must be submitted to B.A.C.S. Private Limited by post or by email ([email protected]) no later than 11.00 a.m. on 27 April 2026.
• Voting Method: Voting will be conducted by poll. Specific voting instructions (“For”, “Against”, “Abstain”) must be indicated. If the Chairman is proxy and no specific direction is provided, those votes will be invalid.
• Personal Data: By submitting the Proxy Form, shareholders agree to the company’s personal data privacy terms outlined in the Notice of AGM.
• Attendance: Appointing a proxy does not prevent a shareholder from attending the AGM personally, which will revoke the proxy.

Potentially Price-Sensitive Matters

• Share Issuance and Option Schemes: Any approval for new share issuance, granting of options, or performance shares could lead to dilution and affect the share price. Investors should closely monitor these resolutions as they can influence market perceptions regarding future capital raising, employee incentives, and potential dilution.
• Board Changes: The re-election or replacement of directors may signal shifts in corporate strategy or governance, which could be material for share value.

Summary for Investors

The upcoming AGM of Serial Achieva Limited presents several resolutions that could impact the company’s share structure, governance, and strategic direction. Investors should pay particular attention to the resolutions on share issuance, employee option schemes, and board composition. The outcomes of these votes have the potential to affect share value, either through dilution, corporate governance changes, or altered incentive structures. Timely submission of proxies and clear voting instructions are crucial for shareholders wishing to have their say in these potentially price-moving matters.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a professional advisor before making any investment decisions. The information provided is based on the company’s official AGM documentation and is subject to change.

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