Pine Care : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 13 APRIL 2021 AND CHANGE OF AUDITOR

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Pine Care Group Limited

松 齡 護 老 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1989)

POLL RESULTS OF

THE EXTRAORDINARY GENERAL MEETING HELD ON 13 APRIL 2021

AND

CHANGE OF AUDITOR

The Board is pleased to announce that: (1) the special resolution and ordinary resolution proposed at the EGM held on 13 April 2021 were duly passed; and (2) Ernst & Young has been removed and PricewaterhouseCoopers has been appointed as auditor of the Company with effect from the conclusion of the EGM.

Reference is made to the circular of Pine Care Group Limited (the ''Company'') dated 24 March 2021 (the ''Circular'') in relation to the Proposed Termination of EY and the Proposed Appointment of PricewaterhouseCoopers as the auditor of the Company. Capitalized terms used in this announcement shall have the same meanings as those defined in the Circular unless defined otherwise.

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POLL RESULTS OF THE EGM

The Board is pleased to announce that the special resolution and ordinary resolution proposed at the EGM held on 13 April 2021 were duly passed by way of poll. The poll results are as follows:

	Special Resolution	Number of Votes (%) (Note (a))
	For	Against
1.	THAT Ernst & Young be and is hereby removed as the	151,384,000	0
	auditor of the Company pursuant to the Articles of	(100%)	(0%)
	Association with effect from the date of passing this
	resolution.

As all the votes were cast in favour of the above special resolution, the special resolution was duly passed.

	Ordinary Resolution	For	Against
2.	THAT conditional upon the passing of the special	151,384,000	0
	resolution no. 1 above, PricewaterhouseCoopers be and	(100%)	(0%)
	is hereby appointed as the auditor of the Company, in
	place of Ernst & Young following its removal, with
	effect from the date of passing this resolution and to
	hold office until the conclusion of the next annual
	general meeting of the Company, and that the Board be
	and is hereby authorized to fix their remuneration.

As all the votes were cast in favour of the above ordinary resolution, the ordinary resolution was duly passed.

Notes:

1. The number and percentage of votes are based on the total number of Shares voted by the Shareholders at the EGM in person or by proxy.
2. The total number of Shares in issue as at the date of the EGM: 902,880,000 shares.
3. The total number of Shares entitling the holder to attend and vote on the resolutions at the EGM: 902,880,000 shares.
4. The total number of Shares entitling the holder to attend and abstain from voting in favour of the resolutions at the EGM as set out in Rule 13.40 of the Listing Rules: Nil.
5. None of the Shareholders have stated their intention in the Circular to vote against or to abstain from voting on any of the resolutions at the EGM.
6. The Company's Branch Share Registrar, Tricor Investor Services Limited, acted as the scrutineer for the vote-taking at the EGM.

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CHANGE OF AUDITOR

Following the passing of the special resolution and ordinary resolution proposed at the EGM, the Board hereby announces that EY has been removed as auditor of the Company with effect from the conclusion of the EGM, and PricewaterhouseCoopers has been appointed as the auditor of the Company in place of EY immediately following its removal and to hold office until the conclusion of the forthcoming annual general meeting of the Company.

By order of the Board

Pine Care Group Limited

Tang Yiu Sing

Chairman and Executive Director

Hong Kong, 13 April 2021

As at the date of this announcement, the Board comprises nine directors, namely, Mr. Tang Yiu Sing, Mr. Chan Yip Keung, Mr. Yeung Ka Wing and Mr. Cheng Wai Ching as executive directors; Dr. Tang Yiu Pong as a non-executive director; and Mr. Yuen Tak Tim Anthony, Mr. Lam Cheung Wai, Mr. Wong Kam Pui and Mr. Wong Kit Loong as independent non- executive directors.

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