On Monday 17, May 2021 Phnom Penh SEZ Plc. (PPSP) held its Annual General Meeting by conference calling for the financial year ended 31 December 2020.
At the AGM, shareholders approved the minutes of the Annual General Meeting held in 2020. The Financial Statements for the year ended 31 December 2020 and the resignation, reelection and appointment of Company’s Directors for a New Mandate were also presented to the shareholders for approval:
1. The resignation of Mr. Hem Sovath, Independent Director/ Chairman of Risk Management Committee
2. The election of new director of the company Mr. Arthur Law Hian Tat, Independent Director/ Chairman of Risk Management Committee
3. The reappointment of Company’s Directors for New Mandate:
3.1 Mr. TAN KAK KHUN, Non-Executive Chairman
3.2 Mr. HIROSHI OTSUBO, Non-Executive Director
3.3 Mr. KANG WEI GEIH, Independent Director/ Chairman of Audit Committee
The Company’s auditors Baker Tilly (Cambodia) Co. Ltd was reappointed for another term.
The resolution for the Renewal of Authority for Shares Buyback was also presented to the shareholders.
The Company’s shareholders unanimously approved all the resolutions as mentioned above.
The AGM was also a great occasion for Phnom Penh SEZ Plc’s Board of Directors to present what our corporation has accomplished during the past year and Share Company’s future development plans to the shareholders. In his Chairman’s welcoming speech, Mr Tan Kak Khun the Non-Executive Chairman said that due to Covid-19 situation worldwide has not yet returned to the pre Covid-19 period to date, the Company’s performance was affected, although we still managed to produce a creditable result under such circumstances.
As always we are committed to conduct our business responsibly and fairly under the sustainable development framework regardless of any future obstacles and the current challenges due to the Covid -19 situations worldwide.
Another year has passed and I hope the situation will be back to normal soon. He ended his speech by saying “on behalf of the Board of Directors, I would like to take this opportunity to wholeheartedly thank all the shareholders, investors, customers, and business partners especially the regulatory authorities for your continued support and cooperation.