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.

(1) POLL RESULTS OF THE SPECIAL GENERAL MEETING

AND

(2) ADJUSTMENTS TO THE CONVERTIBLE PREFERENCE SHARES, THE EXERCISE

PRICE OF THE SHARE OPTIONS AND THE CONVERTIBLE BONDS

Reference is made to the notice (the "Notice") of special general meeting (the "SGM") and the circular (the "Circular") of Agritrade Resources Limited (the "Company") dated 21 December 2017 in

respect of the proposed Share Subdivision. Terms used herein shall have the same meanings as those defined in the Circular unless otherwise stated.

POLL RESULTS OF THE SGM

The Board is pleased to announce that the resolution proposed at the SGM of the Company held on 11

January 2018 was duly passed by the Shareholders of the Company as ordinary resolution by way of poll. The poll results were as follows:

Ordinary Resolution

Shares Represented

Number of votes (%)

For

Against

"THAT subject to and conditional upon the Listing Committee of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") granting the listing of, and permission to deal in, the Subdivided Shares (as hereafter defined), each of the issued and unissued ordinary shares of HK$0.10 each in the share capital of the Company be and is hereby subdivided into four (4) ordinary shares of HK$0.025 each (the "Subdivided Shares"), with effect from the Business Day which is a settlement day for the trading of shares of the Company on the Stock Exchange immediately following the date on which this resolution is passed (the "Share Subdivision") and that any director of the Company be and is hereby authorised for and on behalf of the Company to execute all such documents, instruments and agreements and to do all such acts or things deemed by the Director in his/her absolute discretion to be incidental to, ancillary to or in connection with the matters contemplated in, for completion of the Share Subdivision including but not limited to, cancelling any existing share certificates and issuing new share certificates in respect of the Subdivided Shares to holders of the existing shares of the Company pursuant to the Share Subdivision."

1,166,909,398

1,166,909,398

(100.00%)

0 (0.00%)

As more than 50% of the votes were cast in favour of the above resolution, the above resolution was duly passed as ordinary resolution.

Note: Please refer to the Circular and the Notice for details of the above resolution.

As at the date of the SGM, the total number of issued Shares of the Company was 1,521,515,600, which was the total number of Shares entitling the Shareholders to attend and vote for or against the proposed resolution at the SGM. No Shareholder was required to abstain from voting on the proposed resolution at the SGM and no Shareholder was entitled to attend and abstain from voting in favour of the resolution proposed at the SGM as required by Rule 13.40 of the Listing Rules.

Tricor Secretaries Limited, the Company's Hong Kong branch share registrar, was appointed as the scrutineer of vote-taking at the SGM.

SHARE CERTIFICATES

As all of the conditions as stated in the Circular have been fulfilled as at the date of this announcement, the Share Subdivision will become effective on Friday, 12 January 2018, as set out in the expected timetable in relation to the Share Subdivision in the Circular. Dealing of the Subdivided Shares will commence with effect from 9:00 a.m. on Friday, 12 January 2018 and the Shareholders may exchange the existing share certificates in red colour for new share certificates in yellow colour free of charge between 9:00 a.m. and 4:30 p.m. on any business day during the period from Friday, 12 January 2018 to Wednesday, 21 February 2018 (both dates inclusive). Please refer to the Circular for the details of the timetable and the trading arrangements in respect of the Share Subdivision.

ADJUSTMENTS TO THE CONVERTIBLE PREFERENCE SHARES, THE EXERCISE PRICE OF THE SHARE OPTIONS AND THE CONVERTIBLE BONDS

As at the date of this announcement, (i) the authorised capital of the Class A Convertible Preference Shares (unlisted) was HK$20,000,000 divided into 200,000,000 shares of par value of HK$0.10 each, of which 63,265,306 Class A Convertible Preference Shares had been issued; and (ii) the authorised capital of the Class B Convertible Preference Shares (unlisted) was HK$20,000,000 divided into 200,000,000 shares of par value of HK$0.10 each and none of the Class B Convertible Preference Shares had been or will be issued. As a result of the Share Subdivision becoming effective, the notional value for the Convertible Preference Shares will be adjusted from HK$2.45 to HK$0.6125 per Convertible Preference Share and that the number of Subdivided Shares issuable upon conversion of the outstanding Class A Convertible Preference Shares will be adjusted to 253,061,224.

In addition, as at the date of this announcement, 45,150,000 Shares are issuable upon the exercise of the outstanding share options (the "Share Options") of the Company under the Share Option Schemes and 70,454,545 Shares are issuable upon the conversion of the Convertible Bonds. As disclosed in the Circular, implementation of the Share Subdivision will lead to pro rata adjustments to (i) the exercise prices and number of option shares granted pursuant to the Share Option Schemes of the Company and (ii) the conversion price and number of Subdivided Shares which may be converted upon the exercise of conversion rights attached to the Convertible Bonds of the Company.

Upon the Share Subdivision becoming effective on 12 January 2018,

(i) the exercise price of the Share Options with an exercise price of HK$1.12 per Share will be adjusted to HK$0.28 per Subdivided Share and the number of the Shares issuable under such Share Options will be adjusted from 19,650,000 Shares to 78,600,000 Subdivided Shares;

(ii) the exercise price of the Share Options with an exercise price of HK$1.122 per Share will be adjusted to HK$0.2805 per Subdivided Share and the number of the Shares issuable under such Share Options will be adjusted from 500,000 Shares to 2,000,000 Subdivided Shares;

(iii) the exercise price of the Share Options with an exercise price of HK$1.52 per Share will be adjusted to HK$0.38 per Subdivided Share and the number of the Shares issuable under such Share Options will be adjusted from 10,000,000 Shares to 40,000,000 Subdivided Shares;

(iv) the exercise price of the Share Options with an exercise price of HK$1.382 per Share will be adjusted to HK$0.3455 per Subdivided Share and the number of the Shares issuable under such Share Options will be adjusted from 15,000,000 Shares to 60,000,000 Subdivided Shares; and

(v) the conversion price of the Convertible Bonds will be adjusted from HK$2.2 per Share to HK$0.55 per Subdivided Share and the number of the Shares issuable upon the conversion of the Convertible Bonds will be adjusted from 70,454,545 Shares to 281,818,181 Subdivided Shares.

The above adjustments to the exercise price of the Share Options and the Convertible Bonds, respectively, have been certified by the auditor of the Company. Save for the above adjustments, all other terms and conditions of the outstanding Share Options granted under the Share Option Schemes and the Convertible Bonds, respectively, remain unchanged.

By order of the Board Agritrade Resources Limited

(鴻寶資源有限公司)

Ashok Kumar Sahoo

Executive Director and Chief Financial Officer

Hong Kong, 11 January 2018

As at the date of this announcement, the Board comprises Mr. Ng Say Pek (Chairman), Mr. Ng Xinwei, Ms. Lim Beng Kim, Lulu and Mr. Ashok Kumar Sahoo as executive Directors and Mr. Chong Lee Chang, Mr. Siu Kin Wai, Mr. Terence Chang Xiang Wen, Mr. Cheng Yu and Mr. Phen Chun Shing Vincent as independent non-executive Directors.

Agritrade Resources Ltd. published this content on 11 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 January 2018 09:24:08 UTC.

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