China Healthwise : (1) POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 23 SEPTEMBER 2020; (2) SHARE CONSOLIDATION; AND (3) ADJUSTMENTS TO THE BOND

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CHINA HEALTHWISE HOLDINGS LIMITED

中 國 智 能 健 康 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 348)

(1) POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 23 SEPTEMBER 2020;

1. SHARE CONSOLIDATION; AND
2. ADJUSTMENTS TO THE BOND

The Board is pleased to announce that the ordinary resolution approving the Share Consolidation was duly passed by the Shareholders by way of poll at the EGM held on 23 September 2020.

As all the conditions precedent of the Share Consolidation have been fulfilled, the Share Consolidation will become effective on Friday, 25 September 2020. Dealings in the Consolidated Shares will commence at 9:00 a.m. on Friday, 25 September 2020.

Upon the Share Consolidation becoming effective, adjustments will be made in relation to the conversion price and the number of the Consolidated Shares falling to be issued upon exercise of the conversion rights attaching to the Bond. Details of the adjustments are set out in this announcement.

Reference is made to the announcement of the Company dated 1 September 2020 and the circular of the Company dated 8 September 2020 regarding the Share Consolidation (the "Circular"). Capitalised terms used in this announcement shall have the same meanings as those defined in the Circular unless otherwise specified herein.

POLL RESULTS OF THE EGM

The Board is pleased to announce that the resolution approving the Share Consolidation as set out in the notice of the EGM dated 8 September 2020 (the "Resolution") was duly passed by the Shareholders by way of poll as an ordinary resolution at the EGM held on 23 September 2020.

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The total number of issued shares of the Company entitling the holders to attend and vote at the EGM was 7,704,808,360 Shares, which was the total number of Shares entitling Shareholders to attend and vote for or against the proposed Resolution at the EGM. No Shareholder was required under the Listing Rules to abstain from voting and no Shareholder was entitled to attend and vote only against the Resolution at the EGM. None of the Shareholders was required to abstain from voting in favour of the Resolution at the EGM.

The Company's share registrar and transfer office, Tricor Abacus Limited, acted as scrutineer for the poll at the EGM. The poll results for the Resolution were as follows:

	Number of Shares
Ordinary resolution	(Approximate percentage)
	For	Against
To approve the Share Consolidation.	2,495,966,233	955,306,000
	(72.32%)	(27.68%)

Note:

The full text of the Resolution is set out in the notice of the EGM dated 8 September 2020.

As more than 50% of the votes were cast in favour of the Resolution, the Resolution was duly passed as an ordinary resolution of the Company by way of poll at the EGM.

SHARE CONSOLIDATION

The Board is also pleased to announce that approval has been granted by the Listing Committee of the Stock Exchange for the listing of, and permission to deal in, the Consolidated Shares. As all the conditions precedent of the Share Consolidation have been fulfilled, the Share Consolidation will become effective on Friday, 25 September 2020. Dealings in the Consolidated Shares on the Stock Exchange will commence at 9:00 a.m. on Friday, 25 September 2020.

Please refer to the Circular for the details, including the trading arrangement and the exchange of share certificates and matching services for odd lots in connection with the Share Consolidation. Shareholders should note that upon the Share Consolidation becoming effective, new share certificates of the Consolidated Shares in the color of purple will be issued to the Shareholders.

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ADJUSTMENTS TO THE BOND

As at the date of this announcement, there is the Bond with conversion rights in an aggregate outstanding amount of HK$85,500,000, which entitles the holder(s) thereof to convert to a maximum of 855,000,000 Existing Shares upon exercise of the conversion rights attaching to the Bond. As a result of the Share Consolidation, immediately upon the Share Consolidation becoming effective on 25 September 2020, the following adjustments will be made to the conversion price of the Bond and the number of Consolidated Shares falling to be issued upon exercise of the conversion rights pursuant to the terms and conditions of the Bond:

Immediately before the Share	Immediately after the Share
Consolidation becoming effective	Consolidation becoming effective
Number of		Number of
Existing Shares to		Consolidated Shares
be issued upon		to be issued upon	Conversion price
full conversion	Conversion price	full conversion of	per Consolidated
of the Bond	per Existing Share	the Bond	Share
855,000,000	HK$0.1	85,500,000	HK$1.0

Save for the above adjustments, all the other terms and conditions of the Bond remain unchanged.

By Order of the Board

China Healthwise Holdings Limited

Lei Hong Wai

Chairman and Executive Director

Hong Kong, 23 September 2020

As at the date of this announcement, the executive Directors are Mr. Lei Hong Wai (Chairman), Mr. Cheung Kwok Wai Elton (Vice Chairman), Mr. Leung Alex, Ms. Lo Ming Wan, Mr. Tse Chi Keung, and Mr. Yuan Huixia; and the independent non-executive Directors are Mr. Lai Hok Lim, Mr. Lien Wai Hung and Mr. Wong Tak Chuen.

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