OUTCOME OF ALL RESOLUTIONS PUT FORWARD AT THE FIFTY-FIRST ANNUAL GENERAL MEETING HELD ON 23 APRIL 2004
Pursuant to Rule 704(14) of the Listing Manual of the Singapore Exchange Securities Trading Limited, Hwa Hong Corporation Limited (the “Company”) wishes to advise that at the Fifty-First Annual General Meeting of the Company held on 23 April 2004 at 11.00 a.m. (the “AGM”), all resolutions relating to matters as set out in the Notice of AGM on pages 61 to 64 of the 2003 Annual Report of the Company, were duly passed by the shareholders present and voting at the AGM.
The shareholders present and voting at the AGM have also approved the payment of a final ordinary dividend of 1 cent per share (or 4%), less 20% tax (as set out under item and Resolution 2 in the Notice of AGM of the Company dated 7 April 2004). The reduced corporate rate of 20% is in line with the Budget 2004 announcement on 27 February 2004 which had reduced Singapore corporate tax rate from 22% to 20% for the Year of Assessment 2005. The final ordinary dividend had been approved for payment on 21 May 2004 to members registered at the close of business on 6 May 2004.
BY ORDER OF THE BOARD
Tan Mee Choo
23 April 2004
Submitted by Tan Mee Choo, Company Secretary on 23/04/2004 to the SGX