Huazhang Technology : POLL RESULTS OF EXTRAORDINARY GENERAL MEETING HELD ON 28 APRIL 2021

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Huazhang Technology Holding Limited

華章科技控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1673)

POLL RESULTS OF EXTRAORDINARY GENERAL MEETING

HELD ON 28 APRIL 2021

The Board is pleased to announce that the proposed resolution was duly passed by the Shareholders by way of poll at the EGM held on 28 April 2021.

Reference is made to the notice of the extraordinary general meeting (the "Notice of EGM") of Huazhang Technology Holding Limited (the "Company") dated 13 April 2021 and the circular of the Company dated 13 April 2021 (the "Circular").

POLL RESULTS OF THE EGM

The board (the "Board") of directors (the "Directors") of the Company is pleased to announce that the proposed resolution as set out in the Notice of EGM was duly passed by the shareholders of the Company (the "Shareholders") by way of poll at the extraordinary general meeting of the Company held on 28 April 2021 (the "EGM").

The poll results in respect of the proposed resolution at the EGM are as follows:

Ordinary Resolution	Number of Shares Actually Voted
		(%)
	For		Against
To ratify, confirm and approve the Subscription	549,359,513		0
Agreement dated 2 March 2021 entered into between the	(100.00%)		(0.00%)
Company and Dao He Investment Limited in respect of
the issue of 153,846,153 new shares of the Company and
the transactions contemplated thereunder, and the granting
of a specific mandate to the Directors to allot and issue the
Subscription Shares pursuant to the terms and conditions
of the Subscription Agreement#

# Full text of the relevant resolution is set out in the Notice of EGM.

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.

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Notes:

1. As at the date of the EGM, the total number of issued Shares was 732,895,225 shares.
2. Mr. Fang Hui who is the ultimate beneficial owner of Dao He Investment Limited, being the Subscriber under the Subscription Agreement, holds 7,440,000 shares, representing approximately 1.02% of the issued share capital of the Company as at the date of the EGM. Hence, Mr. Fang Hui and his associates were required to abstain from voting in favour of the proposed resolution at the EGM. As a result, only the Shareholders holding a total of 725,455,225 Shares, representing approximately 98.98% of the issued share capital of the Company, were entitled to attend and vote (in person, by proxy or by corporate representative) for or against the resolution at the EGM.
3. Save as stipulated in Paragraph 2 above, none of the Shareholders have stated their intention in the Circular to vote against or to abstain from voting on the proposed resolution at the EGM.
4. For the above resolution, the Shareholders, proxies or authorised representatives holding in aggregate of 549,359,513 Shares, representing approximately 75.73% of the total voting Shares(i.e. 725,455,225) , were present at the EGM.
5. The Company's Hong Kong branch share registrar, Tricor Investor Services Limited, was appointed as the scrutineer at the EGM for the purpose of vote-taking.

By order of the Board

Huazhang Technology Holding Limited

Zhu Gen Rong

Chairman

Hong Kong, 28 April 2021

As at the date of this announcement, the executive Directors are Mr. Zhu Gen Rong, Mr. Wang Ai Yan, Mr. Liu Chuan Jiang and Mr. Jin Hao, the non-executive Director is Mr. Shi Chenghu, and the independent non-executive Directors are Mr. Kong Chi Mo, Mr. Heng, Keith Kai Neng and Mr. Yao Yang Yang

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