The Board of Directors (‘Board’) of Menang Corporation (M) Berhad announced that the company has on 18 January 2021 received a Special Notice from shareholders, Dato’ Lee Chin Hwa and Nicholas Pun Chee Cheang, holding 8.31% and 4.98% respectively of the issued share capital of the Company and carrying the right of voting at meeting of members of the Company of their intention to move resolutions for the removal and appointment of directors pursuant to Section 206(3) and 207(1) of the Companies Act 2016 at an Extraordinary General Meeting to be held by the Company in due course pursuant to Section 311(3)(a) of the Companies Act 2016 (‘EGM’). The Board of the Company shall be seeking legal advice from the Company’s solicitors on the next course of action to take in response to the Notice. The Resolutions set out in the Notice are as follows: Removal of Y.A.M. Raja Shahruddin Rashid as Director; removal of Dr. Christopher Shun Kong Leng, CFP, RFP as Director; Removal of Mr. Wong Koon Wai as Director; and Removal of Mr. N. Sivagurunathan V Narayanasamy as Director.