REPL::Annual General Meeting::Voluntary Page 1 of 2 REPL::ANNUAL GENERAL MEETING::VOLUNTARY Issuer & Securities Issuer/ Manager VALUETRONICS HOLDINGS LIMITED Security VALUETRONICS HOLDINGS LIMITED - BMG9316Y1084 - BN2 Announcement Details Announcement Title Annual General Meeting Date &Time of Broadcast 22-Jul-2019 17:18:10 Status Replacement Announcement Reference SG190705MEET33GJ Submitted By (Co./ Ind. Name) Tse Chong Hing Designation Chairman and Managing Director Financial Year End 31/03/2019 Event Narrative Narrative Narrative Text Type Additional Please see (i) Results of Annual General Meeting ("AGM") and (ii) AGM Presentation Text Slides attached. Event Dates Meeting Date and Time 22/07/2019 10:00:00 Response Deadline Date 19/07/2019 10:00:00 https://links.sgx.com/1.0.0/corporate-announcements/AUI2KAYL... 22/7/2019
REPL::Annual General Meeting::Voluntary Page 2 of 2 Event Venue(s) Place Venue(s) Venue details Level 3, Venus Room I & II, Furama RiverFront, Singapore Meeting Venue 405 Havelock Road, Singapore 169633 Attachments VHL-AGM%20Results-20190722.pdf VHL-FY2019%20AGM%20Presentation%20Slides-22%20July%202019.pdf Total size =646K MB Related Announcements Related Announcements 05/07/2019 07:27:39 https://links.sgx.com/1.0.0/corporate-announcements/AUI2KAYL... 22/7/2019
VALUETRONICS HOLDINGS LIMITED (Incorporated in Bermuda on 18 August 2006) (Company Registration Number: 38813) RESULTS OF ANNUAL GENERAL MEETING The Board of Directors (“Board”) of Valuetronics Holdings Limited (the “Company”) wishes to announce that at the Annual General Meeting ("AGM") of the Company held today, all resolutions set out in the Notice of AGM dated 5 July 2019 were put to vote at the AGM and duly passed by way of poll. I. Poll Results The results of the poll on each of the resolutions put to vote at the AGM are set out below: For Against Total number of As a As a shares percentage of percentage of Resolution number represented by total number of Number of Number of total number of and details votes for and votes for and shares shares votes for and against the against the against the relevant resolution resolution (%) resolution (%) Ordinary Resolution 1 Directors’ Report and Audited 194,072,055 192,788,025 99.34 1,284,030 0.66 Financial Statements for the year ended 31 March 2019 Ordinary Resolution 2 194,072,055 194,032,055 99.98 40,000 0.02 Payment of final & special dividends Ordinary Resolution 3 118,081,644 116,897,564 99.00 1,184,080 1.00 Re-election of Mr Tse Chong Hing as a Director Ordinary Resolution 4 Re-election of Mr Loo Cheng 194,072,055 192,441,775 99.16 1,630,280 0.84 Guan as a Director (1) Ordinary Resolution 5 193,996,055 193,706,055 99.85 290,000 0.15 Approval of Directors’ fees for FY2020 Ordinary Resolution 6 Re-appointment of 194,062,055 193,772,055 99.85 290,000 0.15 PricewaterhouseCoopers as Auditors
Valuetronics Holdings Limited Results of AGM – 22 July 2019 Page 2 For Against Total number of As a As a shares percentage of percentage of Resolution number represented by total number of Number of Number of total number of and details votes for and votes for and shares shares votes for and against the against the against the relevant resolution resolution (%) resolution (%) Ordinary Resolution 7 192,540,856 133,761,832 69.47 58,779,024 30.53 Authority to allot and issue new shares Ordinary Resolution 8 Authority to allot and issue new shares under the 193,981,865 128,030,181 66.00 65,951,684 34.00 Valuetronics Employees Share Option Scheme & Valuetronics Performance Share Plan Ordinary Resolution 9 194,063,765 136,491,591 70.33 57,572,174 29.67 Renewal of Share Buyback Mandate Note: (1) Mr Loo Cheng Guan (“Mr Loo”), who was re-elected as a Director of the Company at the AGM, remains as Chairman of the Nominating Committee and, a member of the Audit and Remuneration Committees. The Board considers Mr Loo to be independent for the purposes of Rule 704(8) of the Listing Manual of Singapore Exchange Securities Trading Limited. II. Abstention from voting (a) No party was required to abstain from voting on any of the above-mentioned resolutions. (b) For good corporate governance, the following Director had voluntarily abstained from voting on Ordinary Resolution 3: Name of Director/Shareholder Number of Shares Held Tse Chong Hing 75,990,411 III. Scrutineer Ardent Business Advisory Pte. Ltd. was appointed as scrutineer for the AGM. By Order of the Board Tse Chong Hing Chairman & Managing Director 22 July 2019
Annual General Meeting FY2019 22 July 2019 Note: This presentation is to be read in conjunction with the announcement issued on SGXNET on 29 May 2019. 1
Annual General Meeting FY2019 Important Notice: This presentation contains forward-looking statements which can be identified by the context of the statement and generally arise when the Company is discussing its beliefs, estimates or expectations. Such statements may include comments on industry, business or market trends, projections, forecasts, and plans and objectives of management for future operations and operating and financial performance, as well as any related assumptions. Readers of this presentation should understand that these statements are not historical facts or guarantees of future performance but instead represent only the Company’s belief at the time the statements were made regarding future events, which are subject to significant risks, uncertainties and other factors, many of which are outside of the Company’s control. Actual results and outcomes may differ materially from what is expressed or implied in such forward-looking statements. The Company cautions readers not to place undue reliance on any forward-looking statements included in this presentation, which speak only as of the date made; and should any of the events anticipated by the forward-looking statements transpire or occur, the Company makes no assurances on what benefits, if any, the Company will derive therefrom. 2
FY2019 Financial Highlights 3
Financial Highlights Revenue Contribution HK$’M FY19 FY18 % Change Revenue 2,828.8 2,853.7 -0.9 FY19 41.1% Gross Profit 430.3 414.6 3.8 HK 58.9% $1,161M HK Gross Profit Margin 15.2% 14.5% 0.7% pt $1,668M Net Profit for 199.5 204.7 -2.6 the year FY18 Net Profit Margin 7.1% 7.2% -0.1% pt 51.0% 49.0% HK HK $1,456M $1,398M Consumer Electronics Industrial and Commercial Electronics 4
Revenue Trend HK$’ M 2,828.8 2,853.7 2,900.0 2,433.3 2,429.3 2,400.0 2,274.9 1,455.6 1,952.9 780.0 1,667.6 956.3 1,900.0 1,287.8 1,400.0 1,128.3 900.0 1,653.3 1,473.0 1,398.1 1,161.2 987.1 400.0 824.6 -100.0 FY14 FY15 FY16 FY17 FY18 FY19 Consumer Electronics Industrial & Commercial Electronics 5
Earnings Per Share & Dividends Per Share We are committed to formal dividend policy of 30-50% payout ratio HK cents FY19: interim dividend of 5 HK cents, final dividend of 15 HK cents & special dividend of 5 HK cents 50.0 14.0% 48.1 45.0 11.9% 46.2 12.0% 11.8% 40.0 9.8% 9.8% 10.0% 35.0 36.8 36.9 36.4 33.2 30.0 7.7% 31.1 8.0% 29.0 6.3% 25.0 7.7% 7.5% 23.2 6.1% 6.0% 6.0% 20.0 19.9 5.3%* 15.0 4.2% 4.0% 15.2 13.6 10.0 2.0% 14.0 20.0 20.0 27.0 5.0 25.0 17.0 20.0 20.0 7.8 4.5 7.0 8.0 0.0 0.0% FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17# FY18 FY19 Share 0.21 0.07 0.15 0.21 0.21 0.19 0.30 0.43 0.41 0.68 1.08 0.68 Price* (S$) Dividend 30% 30% 42% 41% 47% 37% 49% 50% 63% 55% * 57% 54% Payout * Adjusted for 1:10 bonus issue completed on Jun 2017 EPS * Dividend per share Dividend Yield # Quantum of dividend has increased by 10% under # Quantum of dividend has increased by 10% under Interim Dividend 6 1:10 bonus issue 1:10 bonus issue
Investor Relations Contact: Name: Ms Candy Soh Name: Mr Gerald Woon Email: candysoh@cogentcomms.com Email: woon@cogentcomms.com Tel: + 65 6704 9288 7
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