General Announcement::Minutes of Annual General Meeting Held On 29 September 2021

	SANLI ENVIRONMENTAL LIMITED
	(the "Company")
	(Company Reg. No: 201705316M)
	(Incorporated in the Republic of Singapore)
	MINUTES OF THE ANNUAL GENERAL MEETING
PLACE	: Via live webcast and audio conference
DATE	: Wednesday, 29 September 2021
TIME	: 10.00 a.m.
Shareholders	- As per attendance list
Proxies	- As per attendance list
In-Attendance	- As per attendance list

CHAIRMAN

Mr Ng Lip Chi, Lawrence presided as Chairman of the Annual General Meeting ("AGM" or "Meeting"). He informed that the proceedings of the Meeting would be conducted via an online live webcast and audio conference in compliance with Singapore's safe distancing measures to reduce the risk of COVID-19 transmission. He thanked the shareholders who pre-registered with the Company, watched and listened to the proceedings through live webcast and audio conference. He also acknowledged their attendance in this Meeting.

QUORUM

As a quorum was present, the Chairman declared the Meeting open at 10.00 a.m. and introduced the members of the Board who were present, to the shareholders.

NOTICE OF MEETING

The Notice convening the Meeting having been in the hands of the Shareholders for the requisite period was, with the concurrence of the Meeting, taken as read.

POLL VOTING

The Chairman recapped that shareholders had been informed via the Company's announcement made on SGXNet that they would not be able to vote through live webcast or audio conference. The only way for shareholders to exercise their voting rights was to appoint the Chairman of the Meeting as proxy. The Chairman informed that in his capacity as Chairman of the Meeting, he had been appointed as a proxy by many shareholders and that he had voted in accordance with their instructions, which had been accounted for in the polling for the resolutions.

The Chairman further informed that voting on all resolutions to be passed at the AGM would be conducted on poll basis by proxy voting and no voting would be conducted in the Meeting. Boardroom Corporate & Advisory Services Pte. Ltd. and Incorp Business Advisory Pte Ltd had been appointed as Polling Agent and Scrutineer respectively for the Meeting.

SANLI ENVIRONMENTAL LIMITED
Minutes of the Annual General Meeting - 29 September 2021	Page 2

The validity of the proxies submitted by the Shareholders by the cut-off date on 26 September 2021 at

10.00 a.m. had been reviewed and the votes of all such valid proxies had been counted by the Polling Agent and verified by the Scrutineer. The Chairman would announce the results of the vote counting to the Meeting after each resolution.

The Company had not received any questions from shareholders.

ORDINARY BUSINESS:

RESOLUTION 1 - DIRECTORS' STATEMENT AND AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE YEAR ENDED 31 MARCH 2021 TOGETHER WITH THE INDEPENDENT AUDITORS' REPORT THEREON

The Chairman addressed the first item on the agenda which was to receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 March 2021 together with the Independent Auditor's Report thereon. The votes under valid proxies had been counted and the results of the poll votes was as follows:

		FOR			AGAINST			TOTAL NO. OF
								VALID VOTES
NO. OF VOTES	171,538,223		0		171,538,223
PERCENTAGE	100		0		100

Based on the results, the Chairman declared Resolution 1 carried.

RESOLVED that the Directors' Statement and Audited Financial Statements for the financial year ended 31 March 2021 together with the Independent Auditors' Report thereon, be received and adopted.

RESOLUTION 2 - DECLARATION OF ONE-TIERTAX-EXEMPT FINAL DIVIDEND

The Chairman moved on to the next item on the agenda which was to approve the declaration of a one- tier tax-exempt Final Dividend of 0.07 Singapore cent per share for the year ended 31 March 2021. The votes under valid proxies had been counted and the results of the poll votes was as follows:

		FOR			AGAINST			TOTAL NO. OF
								VALID VOTES
NO. OF VOTES	171,538,223		0		171,538,223
PERCENTAGE	100		0		100

Based on the results, the Chairman declared Resolution 2 carried.

RESOLVED that the declaration of a one-tiertax-exempt Final Dividend of 0.07 Singapore cent per share for the year ended 31 March 2021 be approved.

SANLI ENVIRONMENTAL LIMITED
Minutes of the Annual General Meeting - 29 September 2021	Page 3

RESOLUTION 3 - APPROVAL OF DIRECTORS' FEES

Resolution 3 dealt with the payment of a sum of S$122,502 as Directors' fees for the financial year ended 31 March 2021 (2020: S$121,000).

The votes under valid proxies had been counted and the results of the poll votes was as follows:

		FOR			AGAINST			TOTAL NO. OF VALID
								VOTES
NO. OF VOTES	171,538,223		0		171,538,223
PERCENTAGE	0		0		100

Based on the results, the Chairman declared Resolution 3 carried.

RESOLVED that the Directors' fees of S$122,502 for the year ended 31 March 2021 be approved.

RESOLUTION 4 - RE-ELECTION OF MR KEW BOON KEE

As Resolution 4 dealt with the re-election of Mr Kew Boon Kee as a Director of the Company. Mr Kew Boon Kee retired under Regulation 108 of the Company's Constitution and had offered himself for re- election.

The votes under valid proxies had been counted and the results of the poll votes was as follows:

		FOR			AGAINST			TOTAL NO. OF VALID
								VOTES
NO. OF VOTES	158,255,548		0		158,255,548
PERCENTAGE	100		0		100

Based on the results, the Chairman declared Resolution 4 carried.

RESOLVED that Mr Kew Boon Kee be re-elected as a Director of the Company.

RESOLUTION 5 - RE-ELECTION OF MR LEE TIEN CHIAT

Resolution 5 dealt with the re-election of Mr Lee Tien Chiat as a Director of the Company. Mr Lee Tien Chiat retired under Regulation 108 of the Company's Constitution and had offered himself for re-election.

The votes under valid proxies had been counted and the results of the poll votes was as follows:

	FOR	AGAINST	TOTAL NO. OF VALID
			VOTES
NO. OF VOTES	158,255,548	0	158,255,548
PERCENTAGE	100	0	100

Based on the results, the Chairman declared Resolution 5 carried.

RESOLVED that Mr Lee Tien Chiat be re-elected as a Director of the Company.

SANLI ENVIRONMENTAL LIMITED
Minutes of the Annual General Meeting - 29 September 2021	Page 4

RESOLUTION 6 - RE-ELECTION OF MR LATIFF BIN IBRAHIM

Resolution 6 dealt with the re-election of Mr Latiff Bin Ibrahim as a Director of the Company. Mr Latiff Bin Ibrahim retired under Regulation 118 of the Company's Constitution and had offered himself for re- election.

The votes under valid proxies had been counted and the results of the poll votes was as follows:

		FOR			AGAINST			TOTAL NO. OF VALID
								VOTES
NO. OF VOTES	171,538,223		0		171,538,223
PERCENTAGE	100		0		100

Based on the results, the Chairman declared Resolution 6 carried.

RESOLVED that Mr Latiff Bin Ibrahim be re-elected as a Director of the Company.

RESOLUTION 7 - REAPPOINTMENT OF AUDITORS

Resolution 7 dealt with the re-appointment of Deloitte & Touche LLP as the Company's Auditors for the ensuing year and to authorise the Directors to fix their remuneration. Deloitte & Touche LLP had expressed their willingness to continue in office.

The votes under valid proxies had been counted and the results of the poll votes was as follows:

		FOR			AGAINST			TOTAL NO. OF VALID
								VOTES
NO. OF VOTES	171,538,223		0		171,538,223
PERCENTAGE	99.56		0		100

RESOLVED that Deloitte & Touche LLP be and are hereby re-appointed as Auditors of the Company, to hold office until the conclusion of the next Annual General Meeting and that the Directors be and are hereby authorised to fix their remuneration.

SPECIAL BUSINESS:

RESOLUTION 8 - AUTHORITY TO ALLOT AND ISSUE SHARES & CONVERTIBLE SECURITIES

The Chairman moved on to Resolution 8 which was to authorise the Directors to allot and issue shares pursuant to Section 161 of the Companies Act, Cap. 50 and Rule 806 of the Listing Manual (Section B: Rules of Catalist) of the Singapore Exchange Securities Trading Limited.

The votes under valid proxies had been counted and the results of the poll votes was as follows:

		FOR			AGAINST			TOTAL NO. OF VALID
								VOTES
NO. OF VOTES	171,538,223		0		171,538,223
PERCENTAGE	100		0		100

Based on the results, the Chairman declared Resolution 8 carried.

SANLI ENVIRONMENTAL LIMITED
Minutes of the Annual General Meeting - 29 September 2021	Page 5

RESOLVED That pursuant to Section 161 of the Companies Act, Cap. 50 (the "Act") and Rule 806 of the Listing Manual (Section B: Rules of Catalist) ("Catalist Rules") of the Singapore Exchange Securities Trading Limited ("SGX-ST"), the Directors of the Company be authorised and empowered to:

1. (i) allot and issue shares in the capital of the Company ("Shares") whether by way of rights, bonus or otherwise; and/or
2. 1. make or grant offers, agreements or options (collectively, "Instruments") that might or would require Shares to be issued, including but not limited to the creation or issue of (as well as adjustments to) options, warrants, debentures or other instruments convertible into Shares; and/or
   2. issue additional Instruments arising from adjustments made to the number of Instruments previously issued in the event of rights, bonus or capitalisation issues;

at any time and upon such terms and conditions and for such purposes and to such persons as the Directors of the Company may in their absolute discretion deem fit; and

1. (notwithstanding the authority conferred by this Resolution may have ceased to be in force) issue shares in pursuance of any Instrument made or granted by the Directors of the Company while this Resolution was in force, provided always that:
2. 1. the aggregate number of Shares to be allotted and issued (including Shares to be issued pursuant to the Instruments made or granted) pursuant to this Resolution shall not exceed 100% of the total number of issued Shares (excluding treasury shares and subsidiary holding) in the capital of the Company (as calculated in accordance with sub-paragraph (ii) below), of which the aggregate number of Shares to be allotted and issued (including Shares to be issued pursuant to the Instruments made or granted) other than on a pro-rata basis to the Shareholders of the Company shall not exceed 50% of the total number of issued Shares (excluding treasury shares and subsidiary holding) in the capital of the Company (as calculated in accordance with sub-paragraph (ii) below);
   2. (subject to such manner of calculation and adjustments as may be prescribed by the SGX-ST) for the purpose of determining the percentage number of Shares that may be issued (including Shares to be issued pursuant to the Instruments made or granted) under sub- paragraph (i) above, the total number of issued Shares (excluding treasury shares and subsidiary holding) shall be based on the total number of issued Shares (excluding treasury shares and subsidiary holding) in the Company at the time of the passing of this Resolution, after adjusting for:
   3. 1. new Shares arising from the conversion or exercise of any convertible securities;
      2. new Shares arising from exercising share options or vesting of share awards which are outstanding or subsisting at the time of the passing of this Resolution, provided that the share options or share awards were granted in compliance with Part VIII of Chapter 8 of the Catalist Rules; and
      3. any subsequent bonus issue, consolidation or subdivision of shares;
3. in exercising the authority conferred by this Resolution, the Company shall comply with the provisions of the Catalist Rules for the time being in force (unless such compliance has been waived by the SGX-ST) and all applicable legal requirements under the Act and the Constitution of the Company for the time being; and
4. unless revoked or varied by the Company in a general meeting, such authority shall continue in force until the conclusion of the next Annual General Meeting or the date by which the next Annual General Meeting of the Company is required by law to be held, whichever is the earlier.