Vanzo Holdings Berhad (“Vanzo” or the “Group”), a leading homegrown air fragrance company renowned for its in-house brand, announced that all resolutions tabled at the Group’s Second Annual General Meeting (“2nd AGM”) held today were duly passed by shareholders.
At the 2nd AGM, shareholders approved, among others, the payment of Non-Executive Directors’ fees of up to RM246,000 and a monthly allowance of up to RM15,000 for the period from 28 March 2026 until the next AGM to be held in 2027. Shareholders also approved the re-election of Mr. Wong Liang Tzer, Mr. Tan Chin Soon and Mr. Ng Yee Heng, as well as the re-appointment of Messrs. Ecovis Malaysia PLT as the Company’s auditors for the ensuing year.
In addition, shareholders approved the renewal of the general mandate authorising the Directors to allot and issue shares (including granting rights and/or converting securities into shares) of up to 10% of the total number of issued shares of the Company, which provides flexibility for potential fund-raising and other corporate exercises when required.
Mr. Eddie Ng, Executive Director of Vanzo said, “We would like to thank our shareholders for their continued support and confidence. With a clear strategy for growth, we remain focused on strengthening our market presence, innovating our product offerings and delivering sustainable long-term value to our customers and shareholders.”
Moving forward, Vanzo will continue to prioritise disciplined execution across its growth initiatives, strengthening brand presence, expanding distribution reach and introducing new products to meet evolving consumer preferences, while remaining focused on operational efficiency and delivering sustainable long-term value for stakeholders.
