CAA Resources : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON MONDAY, 31 AUGUST 2020

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CAA Resources Limited

優 庫 資 源 有 限 公 司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 02112)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON MONDAY, 31 AUGUST 2020

The board (the "Board") of directors (the "Director(s)") of CAA Resources Limited (the "Company") is pleased to announce the poll results of the proposed resolutions as set out in the notice of annual general meeting of the Company dated 31 July 2020 which were voted by the shareholders of the Company (the "Shareholders") by way of poll at the annual general meeting of the Company held on 31 August 2020 (the "AGM").

POLL RESULTS

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

	Ordinary Resolutions	No. of Votes (%)
	For	Against
1.	To receive and consider the audited consolidated	65,815,316	284,000
	financial statements of the Company and its	(99.57%)	(0.43%)
	subsidiaries and the reports of the directors and the
	report of the auditor for the year ended 31 December
	2019;
2.	(a) To re-elect Ms. Xu Mijia as executive director	156,815,316	284,000
		(99.82%)	(0.18%)
	(b) To re-elect Dr. Li Zhongquan as independent	156,815,316	284,000
	non-executive director	(99.82%)	(0.18%)
	(c) To re-elect Mr. Leung Yiu Cho as independent	156,815,316	284,000
	non-executive director	(99.82%)	(0.18%)
3.	To authorise the board of Directors (the "Board") to	65,815,316	91,284,000
	fix the Director's remuneration for the year ending	(41.89%)	(58.11%)
	31 December 2020;

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	Ordinary Resolutions	No. of Votes (%)
	For	Against
4.	To re-appoint Prism CPA Limited as the auditors	156,815,316	284,000
	and to authorise the Board to fix their remuneration;	(99.82%)	(0.18%)
5.	To grant a general and unconditional mandate to the	65,815,316	91,284,000
	directors to repurchase shares of the Company;	(41.89%)	(58.11%)
6.	To grant a general and unconditional mandate to	65,815,316	91,284,000
	the directors to issue, allot and deal with additional	(41.89%)	(58.11%)
	shares of the Company;
7.	To extend the general mandate granted to the	65,815,316	91,284,000
	directors to issue additional shares of the Company	(41.89%)	(58.11%)
	by the aggregate nominal amount of the shares
	repurchased by the Company.

As more than 50% of the votes were cast in favour of the ordinary resolutions no. 1, 2(a), 2(b), 2(c) and 4, such ordinary resolutions were duly passed as ordinary resolutions at the AGM.

As more than 50% of the votes were cast against the ordinary resolutions no. 3, 5, 6, 7, such resolutions were not passed.

As at the date of the AGM, the issued share capital of the Company comprised 1,500,000,000 shares, which was the total number of shares entitling the shareholders to attend and vote for or against all the resolutions proposed at the AGM. Shareholders present at the AGM holding an aggregate of 157,099,316 shares, representing approximately 10.47% of the total number of shares in issue voted either in person, by their duly authorised representatives or by proxy at the AGM. No shareholder of the Company was required under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules") to abstain from voting on the resolutions at the AGM. None of the shareholders of the Company have stated their intention in the Company's circular dated 31 July 2020 to vote against or to abstain from voting on any of the resolutions at the AGM.

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

By Order of the Board

CAA Resources Limited

Li Yang

Chairman

Hong Kong, 31 August 2020

As at the date of this announcement, the executive Directors are Mr. Li Yang, Ms. Li Xiaolan, Mr. Wang Er, Ms. Xu Mijia, and the independent non-executive Directors are Mr. Leung Yiu Cho, Dr. Li Zhongquan and Dr. Wang Ling.

*  For identification only

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