Share Capital

Juice and More Bhd has an issued and paid-up capital of RM90,000,000 comprising 45,000,000 ordinary shares fully paid. It embarked on a share buyback scheme. The shareholders at the recent AGM passed an ordinary resolution to purchase 1,000,000 ordinary shares for immediate cancellation at a price of RM3.00 each. Below is the statement of financial position of Juice and More Bhd before the shares were purchased. Non-current assets80,000,000 Net current assets30,000,000 = 110,000,000 Equity Issued share capital 45,000,000ordinary shares,fullypaid90,000,000 Retained profits 20,000,00 = 110,000,000 Required: Show the journal entries to effect the above transaction and prepare the statement of financial position after the purchase is completed. My question is,I dont understand what does this phrase tell me "The shareholders at the recent AGM passed an ordinary resolution to purchase 1,000,000 ordinary shares for immediate cancellation at a price of RM3.00 each." Do explain this to me?