ValueMax Group Limited Announces Approval of All AGM Resolutions: Full Details for Investors

ValueMax Group Limited held its Annual General Meeting (AGM) on 21 April 2026, during which shareholders voted overwhelmingly in favour of all resolutions tabled. The meeting saw robust participation, with over 814 million shares represented in most votes, underscoring strong investor engagement and support for the company’s management and strategy.

Key Highlights from the AGM

• Audited Financial Statements and Directors’/Auditors’ Reports Approved: The company’s audited financial statements, together with the Directors’ and Auditors’ reports, were passed with 99.96% of votes in favour. This high approval rate signals shareholder confidence in ValueMax’s financial transparency and reporting.
• Final Dividend Declared: Shareholders approved a first and final one-tier tax exempt dividend of 2.68 cents per share for FY2025. This payout is expected to reward investors and may support share price stability or appreciation in the near term.
• Directors’ Fees Confirmed: The resolution for Directors’ fees amounting to S\$196,000 was also passed with near-unanimous support, reflecting shareholder trust in the company’s leadership compensation structure.
• Re-Election of Directors:
  • Dr Tan Guan Hiang was re-elected with more than 99.95% approval.
  • Mr Lim Teck Chye, Danny received 99.86% support.
  • Mr Yeah Chia Kai garnered 99.96% approval.

  These re-elections ensure continuity in board leadership, which is typically viewed positively by the market.

• Re-Appointment of Auditors: Messrs. Ernst & Young LLP was re-appointed as the company’s auditors with 99.53% of the votes. This maintains consistency in audit oversight.
• Share Issue Mandate: The mandate to issue new shares was renewed, with 98.16% support. However, 1.84% of votes were against, indicating some investor caution about potential share dilution. This is a noteworthy point for investors concerned about future dilution.
• Renewal of Interested Person Transactions (IPT) Mandate:
  The resolution to renew the IPT mandate was passed with 99.34% support (based on 45 million eligible votes). Certain parties, including major shareholders such as Yeah Holdings Pte. Ltd. and related individuals, abstained from voting due to their interests in these transactions. The continued approval of IPTs enables ValueMax to transact with related parties, a common practice in Singapore-listed firms, but one that investors should monitor for potential governance implications.

Shareholder-Sensitive & Price-Moving Information

• Dividend Declaration: The approved 2.68 cents per share dividend is a direct reward to shareholders and could positively influence the share price as the ex-dividend date approaches.
• Authority to Issue Shares: While this is a standard resolution, the relatively higher dissent (1.84%) suggests some shareholder concern about dilution. Any future announcement of actual share issuance could impact share value.
• Related Party Transactions: The transparency in abstentions for the IPT mandate and the identities of the related parties (including significant shareholders and directors) are important for minority shareholders to note, as such transactions can affect governance perceptions and, potentially, company valuation.

Details of Abstentions on IPT Mandate

The following parties abstained from voting on the Interested Person Transactions mandate due to their direct interests:

• Yeah Holdings Pte. Ltd. – 618,019,925 shares
• Yeah Hiang Nam – 101,253,989 shares
• Yeah Hiang Nam/Tan Hong Yee – 49,955,042 shares
• Yeah Chia Wei – 689,311 shares
• Tan Sar Tee – 283,323 shares
• Yeo Ah Nya – 221,502 shares
• Yeow Mooi Huang – 742,216 shares
• Yeow Nooi Gaik – 69,876 shares

Investors should be aware of the significant influence these parties hold in the company.

Other Notable Details

• Poll Scrutineers: Messrs Entrust Advisory Pte Ltd was appointed as scrutineer, with Tricor Singapore Pte. Ltd. as polling agent, ensuring procedural integrity.
• Strong Shareholder Support: All resolutions received over 98% approval, indicating high investor confidence in the board and management.

Conclusion

The 2026 AGM of ValueMax Group Limited saw all resolutions passed with overwhelming majorities, including a final dividend payout, re-election of directors, and renewal of key mandates. The dividend approval and board continuity are likely to be viewed positively by investors. However, shareholders should monitor future share issuances and related party transactions, as these could have implications for dilution and governance.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to perform their own due diligence or consult financial advisors before making investment decisions.

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