Convoy Global : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 18 MARCH 2021

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POLL RESULTS OF

THE ANNUAL GENERAL MEETING

HELD ON 18 MARCH 2021

Reference is made to the notice of the annual general meeting (the ''Notice'') of the Company dated 17 February 2021 and the circular of the Company dated 17 February 2021 (the ''Circular'').

Capitalised terms used herein shall have the same meanings as those defined in the Circular and the Notice unless the context requires otherwise.

The AGM was commenced at 5:00 p.m. on 18 March 2021.

Mr. Lee Jin Yi was chosen as the chairman of the AGM (the ''Chairman'') pursuant to the Company's articles of association (the ''Company's Articles'').

The Chairman declared that the Company had submitted and sent the audited financial statements for the years ended 31 December 2017, 2018 and 2019 to the Shareholders and the same audited statements were laid before the Company and the Shareholders in this meeting in accordance with the Company's Articles and the Listing Rules.

An objection was then raised by a Shareholder regarding the qualification of Mr. Kwok Hiu Kwan (''Mr. Kwok''), Mr. Chen Pei Xiong (''Mr. Chen'') and Madam Wang Pengying (''Madam Wang'') that their purported shares (whether held by themselves or their nominees) shall not be counted at the AGM.

Following consultation with the Chairman's advisers and based on the information known to the Chairman and after hearing the views from persons who spoke at the AGM, the Chairman declared that he would exercise his right pursuant to Article 74 of the Company's Articles and declared that for the resolutions to be passed in the AGM, the (purported) voting rights directly or indirectly held by Mr. Kwok, Mr. Chen and Madam Wang (other than 2,000 Shares acquired by Mr. Kwok on 7 August 2020) would not qualify for voting at the AGM.

The Company then continued with other matters of the AGM.

Subsequently at about 5:18 p.m., a purported proxy of Mr. Chen claimed that he has received instructions just now from Mr. Chen that an injunction for adjourning this AGM has been sought from the High Court just now and that an injunction has been granted by Mr. Justice MK Liu of the High Court at 5:10 p.m. to adjourn the AGM. The purported proxy of Mr. Chen further claimed that a signed copy of the injunction was on his phone right now.

At that time, the Company has not been served with any injunction.

The Chairman then proceeded with the poll and closed the AGM after the poll.

POLL RESULTS OF THE AGM

As set out in the Company's financial statements for the financial years ended 31 December 2017, 2018 and 2019, a total of 7,160,300,000 Shares became null and void and/or invalid and/or rescinded, and such Shares were recognised and stated as reserve (rather than share capital) as a matter of financial reporting in the financial statements for the financial years ended 31 December 2017, 2018 and 2019. Please refer to the Company's announcement dated 17 February 2021. Hence, as shown in the Company's financial statement and Monthly Return, as at the date of the AGM, there were 7,778,596,000 Shares in issue.

Based on the information known to the Company, purported Shareholders and proxies holding 3,308,760,980 purported Shares at the meeting have been positively identified as being directly or indirectly held by Mr. Kwok, Mr. Chen and Madam Wang and were subject to the exclusion. Accordingly, the voting rights in respect of these purported Shares have been excluded from the AGM.

As such, the total number of Shares that the Shareholders had attended and voted for or against the proposed resolutions at the AGM was 6,998,658,951 Shares.

No Shareholder was required to abstain from voting on the proposed resolutions as set out in the Notice.

The poll results were subject to scrutiny by D & PARTNERS CPA LIMITED, Certified Public Accountants, whose work was limited to certain procedures requested by the Company to agree the poll results summary prepared by the Company to poll forms collected and provided by the Company to D & PARTNERS CPA LIMITED. The work performed by D & PARTNERS CPA LIMITED in this respect did not constitute an assurance engagement in accordance with Hong Kong Standards on Auditing, Hong Kong Standards on Review Engagements or Hong Kong Standards on Assurance Engagements issued by the Hong Kong Institute of Certified Public Accountants nor did it include provision of any assurance or advice on matters of legal interpretation or entitlement to vote.

Full text of the resolutions is set out in the Notice. The poll results in respect of the resolutions proposed at the AGM are as follows:

Number of Votes

(Approximate %)

For Against

• 1. To receive and consider the audited financial statements and the reports of the directors of the Company and of the auditors of the Company for the years ended 31 December 2017, 2018 and 2019.

  • (i) To re-elect Mr. Ng Wing Fai as an executive director of the Company;

    4,814,121,057

    2,184,537,894

    (68.79%)

    (31.21%)

  • (ii) To re-elect Mr. Yap E Hock as an executive director of the Company;

    4,887,260,740

    2,111,398,211

    (69.83%)

    (30.17%)

  • (iii) To re-elect Mr. Johnny Chen as a non-executive director of the Company;

    4,864,857,869

    2,133,801,082

    (69.51%)

    (30.49%)

  • (iv) To re-elect Mr. Chen Shih-pin as a non-executive director of the Company;

    4,569,855,921

    2,428,803,030

    (65.30%)

    (34.70%)

  • (v) To re-elect Mr. Pun Tit Shan as an independent non-executive director of the Company;

    4,838,379,007

    2,160,279,944

    (69.13%)

    (30.87%)

  • (vi) To authorise the board of directors to fix the respective directors' remuneration.

  4,913,628,951

  2,085,030,000

  (70.21%)

  (29.79%)

• 3. To re-appoint ZHONGHUI ANDA CPA Limited as auditors of the Company and to authorise the board of directors to fix auditors' remuneration.

As more than 50% of the votes were cast in favour of all the resolutions, they were passed as ordinary resolutions of the Company at the AGM.

After the AGM, at about 9:07 p.m. on 18 March 2021, the Company (through its solicitors) received a copy of an approved draft ex parte injunction order of Deputy High Court Judge MK Liu dated 18 March 2021 (the ''Draft Ex Parte Injunction Order''). The Draft Ex Parte Injunction Order states, among other matters, that there be an interim injunction that the Company be restrained from holding the AGM on 18 March 2021 until 26 March 2021 or further order from the Court. It became evident that what had been represented orally at the AGM was not an accurate description of the draft injunction.

At about 5:41 p.m. on 19 March 2021, the Company through its solicitors received a sealed copy of the ex parte injunction order of Deputy High Court Judge MK Liu dated 18 March 2021.

The Company is currently taking legal advice on the matter and will update the Shareholders of the Company as and when it is appropriate.

By Order of the Board

CONVOY GLOBAL HOLDINGS LIMITED

Lee Jin Yi

Director and Chairman of the Meeting

Hong Kong, 21 March 2021

As at the date of this announcement, the executive Directors are Mr. Ng Wing Fai, Mr. Yap E Hock, Mr. Shin Kin Man, Mr. Lee Jin Yi, Ms. Wong Suet Fai and Mr. Chung Kwok Wai, Kelvin; the non-executive Directors are Mr. Johnny Chen (Chairman) and Mr. Chen Shihpin; and the independent non-executive Directors are Mr. Pun Tit Shan, Mrs. Fu Kwong Wing Ting, Francine, Mr. Pak Wai Keung, Martin, Mr. Yan Tat Wah, Mr. Lam Kwok Cheong and Ms. Carrie Bernadette Ho.