Capital VC : POLL RESULTS OF ANNUAL GENERAL MEETING

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Capital VC Limited ࠯ே௴ҳϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability and carrying on business in Hong Kong as CNI VC Limited)

(Stock Code: 02324)

POLL RESULTS OF ANNUAL GENERAL MEETING

The Board is pleased to announce that all the resolutions as set out in the Notice were duly passed as ordinary resolutions by the Shareholders by way of poll at the AGM.

Reference is made to the Company's circular (the "Circular") and notice of the AGM (the "Notice") both dated 1 March 2021. Capitalised terms used herein have the same meanings as those defined in the Circular and the Notice unless otherwise stated.

The Board is pleased to announce that all the resolutions as set out in the Notice were duly passed as ordinary resolutions by way of poll by the Shareholders at the AGM, as more than 50% of the votes were cast in favour of each of the ordinary resolutions.

As at the date of the AGM, the number of issued shares of the Company was 343,238,249 shares, which was the total number of shares entitling the holders to attend and vote on all the resolutions at the AGM. There were no shares entitling the holder to attend and abstain from voting in favour of any of the resolutions at the AGM as set out in rule 13.40 of the Listing Rules.

No Shareholder was required under the Listing Rules to abstain from voting on the resolutions at the AGM. None of the Shareholders has stated their intention in the Circular to vote against or to abstain from voting on any of the resolutions at the AGM.

Tricor Tengis Limited, the Company's share registrar in Hong Kong, was appointed as the scrutineer for vote-taking at the AGM.

The voting results in respect of the resolutions at the AGM were as follows:

Ordinary Resolutions	Number of votes/(%)
For	Against
1	To receive and consider the audited financial statements and the directors' report and auditor's report for the year ended 30 September 2020	158,113,108 (100%)	0 (0%)
2(i)(a)	To re-elect Mr. Lee Ming Gin as Director	158,113,108 (100%)	0 (0%)
2(i)(b)	To re-elect Ms. Lai Fun Yin as Director	158,113,108 (100%)	0 (0%)
2(ii)	To authorise the Board to fix the remuneration of Directors	158,113,108 (100%)	0 (0%)
3	To re-appoint auditors and to authorise the Board to fix their remuneration	158,113,108 (100%)	0 (0%)
4(A)	To grant a general mandate to the Directors to purchase the Shares	158,113,108 (100%)	0 (0%)
4(B)	To grant a general mandate to the Directors to issue additional Shares	158,113,108 (100%)	0 (0%)
4(C)	To extend the general mandate to allot Shares by adding the aggregate nominal amount of the purchased Shares	158,113,108 (100%)	0 (0%)
5	To approve the refreshment of the share option scheme mandate limit	158,113,108 (100%)	0 (0%)

By Order of the Board

Capital VC Limited

Chan Cheong Yee Executive Director

Hong Kong, 30 March 2021

As at the date of this announcement, the Board comprises executive Directors Mr. Kong Fanpeng and Mr. Chan Cheong Yee and independent non-executive Directors Mr. Lee Ming Gin, Ms. Lai Fun Yin and Mr. Cheung Wai Kin.