Innovax : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 3 AUGUST 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

INNOVAX HOLDINGS LIMITED

創 陞 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2680)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 3 AUGUST 2020

The Board is pleased to announce that all resolutions set out in the notice of AGM dated 24 June 2020 (the ''AGM Notice'') were duly passed by way of poll by the Shareholders at the AGM.

POLL RESULTS OF THE AGM

Reference is made to the circular (''AGM Circular'') of Innovax Holdings Limited (''Company'') dated 24 June 2020 to the shareholders of the Company regarding the resolutions proposed at the annual general meeting of the Company (''AGM'') held on 3 August 2020 at 2:00 p.m.. Terms used herein shall have the same meanings as defined in the AGM Circular unless the context requires otherwise.

As at the date of the AGM, there were a total of 400,000,000 Shares in issue, representing the total number of Shares entitling the Shareholders to attend and vote for or against all the proposed resolutions at the AGM. There were no Shares entitling the Shareholders to attend and abstain from voting in favour of any resolution at the AGM as set out in Rule 13.40 of the Listing Rules and there were no Shares requiring the Shareholders to abstain from voting at the AGM under the Listing Rules. No parties were indicated in the AGM Circular that they intended to vote against or to abstain from voting on any resolution at the AGM.

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

- 1 -

The Board is pleased to announce that all the following resolutions (the ''Resolutions'') were duly passed as ordinary resolutions by the Shareholders by way of poll at the AGM. The poll results of the AGM are set out as follows:

			Number of shares voted
		ORDINARY RESOLUTIONS	(approximate %)
			For	Against
1.	To receive, consider and adopt the audited consolidated	300,008,210	0
	financial statements and the reports of the Directors of the	(100%)	(0%)
	Company and the independent auditor for the year ended 29
	February 2020.
2.	(i) (a)	To re-elect Mr. Poon Siu Kuen, Calvin as an	300,008,210	0
		executive Director.	(100%)	(0%)
	(b)	To re-elect Mr. Lo Wai Kwan as an independent	300,008,210	0
		non-executive Director.	(100%)	(0%)
	(ii) To authorise the Board of Directors to fix the	300,008,210	0
	remuneration of the Directors.	(100%)	(0%)
3.	To re-appoint Deloitte Touche Tohmatsu as the auditor of	300,008,210	0
	the Company and to authorise the Board of Directors to fix	(100%)	(0%)
	its remuneration.
4.	To grant a general mandate to the Board of Directors to	300,008,210	0
	allot, issue and deal with additional shares of the Company	(100%)	(0%)
	not exceeding 20% of the issued shares of the Company as
	at the date of passing this resolution.
5.	To grant a general mandate to the Board of Directors to	300,008,210	0
	buy back shares of the Company not exceeding 10% of the	(100%)	(0%)
	issued shares of the Company as at the date of passing this
	resolution.
6.	Conditional on the passing of resolutions numbered 4 and	300,008,210	0
	5, to extend the general mandate granted by Resolution 4	(100%)	(0%)
	by adding thereto of the total number of shares of the
	Company bought back under the general mandate granted
	pursuant to Resolution 6.

Note: For the full text of the Resolutions, please refer to the AGM Notice as contained in the AGM Circular.

- 2 -

As more than 50% of the total votes were cast in favour of each of Resolutions no. 1 to no. 6, all Resolutions were duly passed as ordinary resolutions of the Company.

By order of the Board

Innovax Holdings Limited

Chung Chi Man

Chairman

Hong Kong, 3 August 2020

As at the date of this announcement, Mr. Chung Chi Man as Chairman of the Company and executive director; Mr. Poon Siu Kuen, Calvin as chief executive officer and executive Director; Mr. Lo Wai Kwan, Dr. Wu Kwun Hing, Mr. Choi Wai Ping and Ms. Chan Ka Lai, Vanessa as independent non-executive Directors.

- 3 -