| Date | 24 July 2026 |
| Venue | The Pacific Sutera Hotel, Kota Kinabalu |
Azam Jaya Berhad (AJB) announced that all resolutions tabled at its Extraordinary General Meeting (EGM), held on 24 July 2026 at The Pacific Sutera Hotel, Kota Kinabalu, were successfully approved by shareholders through a poll vote.
Key Resolutions Approved
- Private Placement
- Shareholders approved the proposed private placement of up to 100 million new ordinary shares, representing up to 20% of the Company’s existing issued shares.
- The resolution received 100% support from shareholders who voted.
- Employees’ Share Option Scheme (ESOS)
- Shareholders approved the establishment of an Employees’ Share Option Scheme (ESOS) involving up to 10% of the Company’s issued shares for eligible directors and employees of AJB and its subsidiaries.
- The resolution was passed with 100% support from participating shareholders.
- Allocation of ESOS Options
- Shareholders also approved the proposed allocation of ESOS options to the following individuals:
- Datuk Jonathan Lo Chaw Loong, JP
- Datuk Lo Vun Che @ Jessica
- Datuk Johannes Lo Chaw Jack
- Lo Vun Yee @ Josephine Lo
- Moi Chee Kiong
- Lo Vun Jiun
- Jacqueline Lo Ker Jack
- Joanna Lo Vun Shii
- Each resolution was approved unanimously by shareholders who participated in the voting process.
- Shareholders also approved the proposed allocation of ESOS options to the following individuals:
Voting Outcome
All ten ordinary resolutions were passed with 100% votes in favour and no votes against.
The poll results were independently validated by Quantegic Services Sdn Bhd, the scrutineer appointed by the Company.