Beng Soon Machinery Clarifies Special Dividend Approval Process; Board Confirms Payout Remains on Schedule

Bulletin Express05-18

Beng Soon Machinery Holdings Limited issued a clarification stating that the special dividend disclosed in its FY-2025 Annual Report and Annual Results Announcement does not require shareholder approval.

Initial filings—released on 23 April 2026 and 31 March 2026 respectively—incorrectly indicated that the dividend was subject to a vote at the 15 May 2026 annual general meeting. Following an internal review, the Board confirmed it is empowered under the company’s articles of association to declare and distribute special dividends without shareholder endorsement.

Key points: 1. The Board has formally approved and declared the special dividend. 2. No related resolution was or will be presented at the 15 May 2026 AGM. 3. The previously announced timetable for ex-dividend date, register closure, record date and payment date is unchanged. 4. All other disclosures in the FY-2025 Annual Report and Annual Results Announcement remain accurate.

Chairman and CEO Tan Chee Beng signed the clarification on 18 May 2026. The Board currently comprises three executive directors and three independent non-executive directors.

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