Betamek Berhad (“Betamek” or the “Company“), an Original Design Manufacturer (“ODM“) and a leading player in electronics manufacturing services (“EMS”) for the automotive industry, is pleased to announce that shareholders have given their resounding support to all resolutions tabled at the Company’s Fourth Annual General Meeting (“4th AGM”) and Extraordinary General Meeting (“EGM”), held today in Rawang, Selangor.
At the 4th AGM, shareholders received the Company’s audited financial statements for the financial year ended 31 March 2025 together with the reports of the directors and auditors. Shareholders also approved the payment of a final single-tier dividend of 1.0 sen per ordinary share for the financial year, payable on 12 September 2025 to shareholders whose names appear in the Record of Depositors on 29 August 2025.
Other resolutions passed during the 4th AGM includes the re-election of directors retiring by rotation, the re-appointment of the Company’s auditors, the approval of directors’ fees and benefits, and the granting of authority to the Board to allot shares pursuant to Sections 75 and 76 of the Companies Act 2016 with a waiver of statutory pre-emptive rights.
Following the 4th AGM, the EGM received shareholders’ approval for the Proposed Long-Term Incentive Plan (“LTIP”), comprising an Employees’ Share Option Scheme of up to 30% of the Company’s total issued shares (excluding treasury shares) for eligible directors and employees of Betamek and its non-dormant subsidiaries. Shareholders also endorsed the proposed allocation of share options to the eligible directors under the LTIP.
Encik Muhammad Fauzi Bin Abd Ghani, Executive Director of Betamek commented, “We are grateful for the trust and confidence our shareholders have placed in the Board and management. The approval of all resolutions, particularly the LTIP, reflects a shared commitment to align long-term shareholder value with the dedication and performance of our people. We believe these initiatives will further strengthen Betamek’s growth prospects and operational capabilities as we continue to diversify and innovate.”
The Company views the approvals as a strong mandate from shareholders to execute its strategic plans, including expanding its customer base beyond its anchor client, strengthening operational efficiency, and investing in innovation for both automotive and non-automotive markets.
