Speed Apparel : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 13 AUGUST 2020

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SPEED APPAREL HOLDING LIMITED

尚捷集團控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3860)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 13 AUGUST 2020

The Board is pleased to announce that all the proposed ordinary resolutions as set out in the AGM Notice were duly passed by the Shareholders by way of poll at the AGM held on Thursday, 13 August 2020.

Reference is made to the circular (the "Circular") and the notice (the "AGM Notice") of the annual general meeting (the "AGM") of Speed Apparel Holding Limited (the "Company") dated 24 June 2020. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meaning as those defined in the Circular.

POLL RESULTS OF THE AGM

The Board is pleased to announce that all the proposed ordinary resolutions as set out in the AGM Notice were duly passed by the Shareholders by way of poll at the AGM held on Thursday, 13 August 2020.

As at the date of the AGM, the total number of Shares of the Company in issue was 500,000,000 Shares, which was the total number of Shares entitling the Shareholders to attend and vote for or against the resolutions proposed at the AGM. There were no restrictions on any Shareholders to cast votes on any of the resolutions proposed at the AGM and no Shareholder was required to abstain from voting on any of the resolutions proposed at the AGM.

Tricor Investor Services Limited, the branch share registrar and transfer office of the Company in Hong Kong, was appointed as the scrutineer for the vote-taking at the AGM.

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The poll results in respect of the resolutions proposed at the AGM are as follows:

		Number of votes
	Ordinary resolution	(Approximate %)
		For	Against
1.	To consider and adopt the audited consolidated financial	375,355,757	0
	statements of the Company and the respective reports of	(100%)	(0%)
	the directors of the Company and independent auditor of
	the Company for the year ended 31 March 2020.
2.	To re-appoint Zhonghui Anda CPA Limited as the	375,355,757	0
	independent auditor of the Company and to authorise the	(100%)	(0%)
	Board to fix its remuneration.
3.	To re-elect Ms. Chan Siu Lai as an independent non-	375,355,757	0
	executive Director.	(100%)	(0%)
4.	To re-elect Mr. Ma Kwok Fai, Edwin as an independent	375,355,757	0
	non-executive Director.	(100%)	(0%)
5.	To authorise the Board to fix the respective Directors'	375,355,757	0
	remuneration.	(100%)	(0%)
6.	To grant general mandate to the Directors to issue new	375,140,757	215,000
	shares of the Company.*	(99.94%)	(0.06%)
7.	To grant general mandate to the Directors to repurchase	375,355,757	0
	the shares of the Company.*	(100%)	(0%)
8.	To extend the general mandate granted to the Directors	375,140,757	215,000
	pursuant to ordinary resolution no. 6.*	(99.94%)	(0.06%)

• Please refer to the AGM Notice for the full text of the resolutions.

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

By order of the Board

Speed Apparel Holding Limited

Chan Wing Kai

Chairman and executive Director

Hong Kong, 13 August 2020

As at the date of this announcement, the executive Directors are Mr. Chan Wing Kai and Mr. Ng Ming Ho; and the independent non-executive Directors are Ms. Chan Siu Lai, Mr. Kwok Chi Shing and Mr. Ma Kwok Fai, Edwin.

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