Kiu Hung International : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 19 APRIL 2021

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Kiu Hung International Holdings Limited

僑 雄 國 際 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 00381)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 19 APRIL 2021

The Board is pleased to announce that the proposed ordinary resolution was duly passed by the Shareholders by way of poll at the special general meeting (''SGM'').

Reference is made to the circular (the ''Circular'') of Kiu Hung International Holdings Limited (the ''Company'') and the notice (the ''Notice'') of the special general meeting dated 30 March 2021. Unless the context otherwise requires, terms defined in this announcement shall have the same meanings as those defined in the Circular.

RESULTS OF THE SGM

At the SGM held on 19 April 2021, the proposed ordinary resolution as set out in the Notice was taken by poll. The Hong Kong branch share registrar of the Company, Tricor Tengis Limited, was appointed as the scrutineer at the SGM for the purpose of vote-taking.

As at the SGM date, the total number of issued shares in the Company was 761,419,079 Shares, which was the total number of Shares entitling the Shareholders to attend and vote for or against the ordinary resolution at the SGM. There was no Share entitling any Shareholders to attend and abstain from voting in favour of the ordinary resolution at the SGM as set out in Rule 13.40 of the Listing Rules and no Shareholder was required under the Listing Rules to abstain from voting at the SGM. There was no party who had stated his/ her/its intention in the Circular to vote against the ordinary resolutions at the SGM or to abstain had done so at the SGM.

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The Board is pleased to announce that the proposed ordinary resolution was duly passed by the Shareholders by way of poll at the SGM. The poll results in respect of the ordinary resolution proposed at the SGM were as follows:

						Number of votes
						(Approximate % to the	Total number
ORDINARY RESOLUTION		number of the Shares voted
	at the SGM)	of votes
						For	Against
1. That:						46,871,500	0	46,871,500
(a). the	Sale	and	Purchase	(100%)	(0%)
Agreement,	the Supplemental
Agreement,	the	Second
Supplemental Agreement and the
Third	Supplemental	Agreement
entered into between the Vendor,
the Guarantor and the Purchaser
in relation to the acquisition of
51% equity interests in the
Target Company at an aggregate
Consideration		of
HK$170,000,000, which shall be
satisfied by the allotment and
issue of the Convertible Bonds
with	an	aggregate principal
amount of HK$170,000,000 by
the Company to the Vendor (or
its nominee), at the conversion
price of HK$2 per Conversion
Share,	and	the	transactions
contemplated		thereunder
(including but not limited to the
issuance	of	Convertible Bonds
and the grant of the Specific
Mandate for the allotment and
issue of the Conversion Shares
upon exercise of the conversion
rights		attaching	to	the
Convertible	Bonds	at	the
conversion price of HK$2 per
Conversion	Shares	(subject	to
adjustment pursuant to the terms
and conditions of the Convertible
Bonds)) be and are hereby
approved, confirmed and ratified;
and

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							Number of votes
							(Approximate % to the	Total number
ORDINARY RESOLUTION		number of the Shares voted
	at the SGM)	of votes
							For	Against
(b). any one or more of the directors
of the Company be authorised to
sign,	execute,	perfect,	deliver
and do all such documents,
deeds, acts, matters and things,
as the case may be, as they may
in	their	discretion	consider
necessary, desirable or expedient
to carry and implement the Sale
and	Purchase	Agreement,	the
Supplemental	Agreement,	the
Second Supplemental Agreement
and	the	Third	Supplemental
Agreement		and	all	the
transactions			contemplated
thereunder, the details of this
resolution are set out in the
notice of the Special General
Meeting dated 30 March 2021.

Note: The full text of the ordinary resolution is set out in the Notice.

As more than 50% of the votes were cast in favour of the ordinary resolution, the ordinary resolution was therefore duly passed by the Shareholders by way of poll at the SGM.

By order of the Board

Kiu Hung International Holdings Limited

Zhang Qijun

Chairman

Hong Kong, 19 April 2021

As at the date of this announcement, the Board comprises three executive Directors, Mr. Zhang Qijun, Mr. Chen Jian and Mr. Liu Mingqing and five independent non-executive Directors, Mr. Wang Xiao Ning, Mr. Cheng Ho On, Mr. Kong Chun Wing, Mr. Lai Chi Yin, Samuel and Ms. Chen Yuxin.

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