Global Investments : AGM 2022 – Results of AGM 2022

Company Registration Number: 201900747E

250 Tanjong Pagar Road, St. Andrew's Centre #09-01Singgapore 088541

T [phone] ∙ F [phone]www.globalinvestmentslimited.com

SGX-ST Release

• (1) RESULTS OF ANNUAL GENERAL MEETING

• (2) RETIREMENT OF DIRECTOR

(1)RESULTS OF ANNUAL GENERAL MEETING

The Board of Directors (Board) of Global Investments Limited (Company) is pleased to announce that all resolutions as set out in the Notice of Annual General Meeting (AGM) dated 1 April 2022 (Resolutions) have been duly approved and passed by the Company's shareholders (Shareholders) at the AGM held on 28 April 2022.

The information as required under Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited (SGX-ST) is set out below:

(a) Breakdown of all valid votes cast at the AGM

The results of the poll on each of the Resolutions put to the vote at the AGM are as set out below:

Resolution number and details	Total number of Shares represented by votes for and against the Resolution	For	Against
Number of Shares	(%)	Number of Shares	(%)
Resolution 1: To receive and adopt the Audited Financial Statements for the financial year ended 31 December 2021 and the Directors' Statement and the Auditors' Report.	438,401,709	436,642,196	99.60%	1,759,513	0.04%
Resolution 2: To declare a final tax exempt one-tier dividend of 0.40 cents per ordinary share for the financial year ended 31 December 2021.	438,407,709	438,248,196	99.96%	159,513	0.04%
Resolution 3: To elect Mr Ng Thiam Poh as a Director.	437,462,124	435,442,520	99.54%	2,019,604	0.46%
Resolution 4: To re-elect Mr Boon Swan Foo as a Director.	149,552,644	147,777,131	98.81%	1,775,513	1.19%
Resolution 5: To approve directors' fees of up to S$380,200.00 for the financial year ending 31 December 2022.	437,310,123	435,465,013	99.58%	1,845,110	0.42%
Resolution 6: To re-appoint Ernst & Young LLP as the Auditors and to authorise the Directors to fix their remuneration.	438,401,709	438,122,241	99.94%	279,468	0.06%
Resolution 7: To approve the proposed Share Issue Mandate.	149,437,644	146,431,154	97.99%	3,006,490	2.01%
Resolution 8: To approve the proposed renewal of the Share Buyback Mandate.	438,286,709	436,522,196	99.60%	1,764,513	0.40%
Resolution 9: To authorise the Directors to issue shares pursuant to the Scrip Dividend Scheme.	438,286,709	436,522,196	99.60%	1,764,513	0.40%

(b) Scrutineer

Rajah & Tann Singapore LLP was the appointed scrutineer for the AGM.

• (c) Questions from Shareholders

  The Board would like to announce that the Company did not receive any substantial and relevant questions from the Shareholders before the AGM.

• (2) RETIREMENT OF DIRECTOR

• (a) Mr Seah Lim Siang retired as a Director of the Company on 31 December 2021 and ceased to be the Lead Independent Director, Chairman of the Audit and Risk Management Committee and member of the Nomination and Governance Committee.

• (b) The Board would like to thank Mr Seah Lim Siang for his contributions to the Company during his tenure. The details of the retirement of Mr Seah as required under Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited has been set out in a separate announcement dated 31 December 2021.

By order of the Board

Boon Swan Foo Chairman

28 April 2022

About Global Investments Limited

Global Investments Limited (GIL) is a company registered in Singapore that provides investors access to a diversified portfolio of assets and economic exposures. GIL is managed by Singapore Consortium Investment Management Limited.