Oriental Explorer : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 23 JULY 2020

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ORIENTAL EXPLORER HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 430)

POLL RESULTS OF

THE SPECIAL GENERAL MEETING

HELD ON 23 JULY 2020

References are made to the notice (the "SGM Notice") of the special general meeting (the "SGM") of Oriental Explorer Holdings Limited (the "Company") dated 30 June 2020 and the circular (the "Circular") of the Company dated 30 June 2020. Unless otherwise defined, terms used herein shall have the same meanings as defined in the Circular.

The Board is pleased to announce that the proposed resolutions as set out in the SGM Notice were duly passed by the Shareholders by way of poll. Shareholders may refer to the SGM Notice for the full text of the proposed resolutions. Tricor Tengis Limited, the Hong Kong branch share registrar of the Company, had acted as the scrutineer for the vote-taking at the SGM.

As at the date of the SGM, the total number of Shares was 2,700,000,000 Shares.

For the first resolution, none of the Shareholders was required under the Listing Rules to abstain from voting on the proposed resolution at the SGM. Accordingly, the total number of Shares entitling the Shareholders to attend and vote for or against the first resolution at the SGM was 2,700,000,000 Shares, representing the entire issued share capital of the Company.

For the second resolution, Limitless Investment Limited, which is an indirect wholly-owned subsidiary of Multifield and held 1,729,540,999 Shares, representing approximately 64.06% of the total number of the issued Shares, abstained from voting on such proposed resolution at the SGM in accordance with the Listing Rules. Accordingly, the total number of Shares entitling the Shareholders to attend and vote for or against the second resolution at the SGM was 970,459,001 Shares, representing approximately 35.94% of the total number of issued Shares.

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Save as disclosed above, none of the Shareholders was required under the Listing Rules to abstain from voting on the proposed resolutions at the SGM and no Shares entitle the Shareholders to attend and abstain from voting in favour of the proposed resolutions at the SGM as set out in rule 13.40 of the Listing Rules. None of the Shareholders had stated their intention in the Circular to vote against or to abstain from voting on the proposed resolutions at the SGM.

The results of the voting are as follows:

		Special Resolution	Number of votes (%)
	For	Against
1.		To adopt "東方興業控股有限公司" as the secondary	469,566,489	3,001,500
	name of the Company in Chinese, and to authorise any	(99.36%)	(0.64%)
		one director of the Company to do all such acts and
		things and execute and deliver all such documents in
		connection with the foregoing.

	Ordinary Resolution	Number of votes (%)
	For	Against
2.	To approve, confirm and ratify the Master Agreement	458,760,179	13,807,810
and the transactions contemplated thereunder, and to	(97.08%)	(2.92%)
	authorise any director of the Company to take any step
	and execute such other documents in connection with
	the Master Agreement or the transactions
	contemplated thereunder.

As more than 75% of the valid votes were cast in favour of the first resolution, such resolution was duly passed by way of special resolution of the Company.

As more than 50% of the valid votes were cast in favour of the second resolution, such resolution was duly passed by way of ordinary resolution of the Company.

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As the resolution for approving the Proposed Change of Company Chinese Name was duly passed by the Shareholders at the SGM, the Company will carry out the necessary filing procedures with the Registrar of Companies in Bermuda and the Companies Registry in Hong Kong. Further announcement will be made by the Company on, among others, the effective date of the Proposed Change of Company Chinese Name and the consequential change in the stock short name of the Company as and when appropriate.

By Order of the Board

Oriental Explorer Holdings Limited

Lau Chi Yung, Kenneth

Chairman

Hong Kong, 23 July 2020

As at the date of this announcement, the executive directors of the Company are Mr. Lau Chi Yung, Kenneth and Mr. Lau Michael Kei Chi and the independent non-executive directors of the Company are Mr. Wong Yim Sum, Mr. Lee Siu Man, Ervin and Mr. Tsui Ka Wah.

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