Corrigendum to the Postal Ballot notice dated April 15, 2025
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Checkpoint Trends Limited has issued a corrigendum to its April 15, 2025 Postal Ballot Notice, revising Item No. 3 which seeks shareholder approval to amend the Object Clause of its Memorandum of Association. The company proposes to delete existing Clauses 3(A), 3(B), and 3(C) and replace them with new Clauses 3(A) and 3(B) to broaden its business scope. The new Clause 3(A) covers manufacturing, trading, and processing of agriculture-based food products including grains, dairy, horticulture, poultry, processed and frozen foods. The new Clause 3(B) covers engineering consultation, electrical power and energy distribution networks, and digital/electronic platforms for vehicle hiring and business-to-consumer transactions. E-voting for the postal ballot is currently ongoing from April 15, 2025 to May 19, 2025, and shareholders are requested to read the original notice in conjunction with this corrigendum.
Shareholders are being asked to approve a significant business diversification from the company's previous pharmaceutical focus into food processing, energy distribution, and digital platform services. The postal ballot vote is currently open, and the result of this special resolution could reshape the company's future revenue streams and operational direction.