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.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 595)
POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 12 AUGUST 2016At the Annual General Meeting of AV Concept Holdings Limited (the "Company") held on 12 August 2016 (the "AGM"), all the proposed resolutions were duly passed by the shareholders of the Company by way of poll and the poll results in respect of each resolution were as follows:
ORDINARY RESOLUTIONS | Number of Shares (%) | ||
For | Against | ||
1. To receive and consider the audited consolidated financial statements and the reports of the directors and auditors of the Group for the year ended 31 March 2016. | 292,666,598 (100.000%) | 0 (0.000%) | |
2. a. | To re-elect Dr. So Yuk Kwan as a director of the | 292,666,598 | 0 |
Company. | (100.000%) | (0.000%) | |
b. | To re-elect Mr. So Kevin Chi Heng as a director of | 292,666,598 | 0 |
the Company. | (100.000%) | (0.000%) | |
c. To re-elect Mr. So Chi Sun Sunny as a director of the | 292,666,598 | 0 | |
Company. | (100.000%) | (0.000%) | |
d. | To re-elect Mr. Charles Edward Chapman as a | 292,666,598 | 0 |
director of the Company. | (100.000%) | (0.000%) | |
e. | To authorise the board of directors to fix the | 292,666,598 | 0 |
directors' remuneration. | (100.000%) | (0.000%) | |
3. To re-appoint Ernst & Young as auditors of the Company | 292,666,598 | 0 | |
and to authorise the board of directors to fix their | (100.000%) | (0.000%) | |
remuneration. | |||
4. To grant a general mandate to the directors to issue and | 292,586,598 | 80,000 | |
allot additional shares of the Company not exceeding | (99.973%) | (0.027%) | |
20% of the issued shares of the Company as at the date of | |||
passing this resolution. |
ORDINARY RESOLUTIONS | Number of Shares (%) | |
For | Against | |
5. To grant a general mandate to the directors to repurchase | 292,666,598 | 0 |
shares of the Company not exceeding 10% of the issued | (100.000%) | (0.000%) |
shares of the Company as at the date of passing this | ||
resolution. | ||
6. To extend the general mandate granted to the directors to | 292,586,598 | 80,000 |
issue and allot shares under resolution 4 by the number of | (99.973%) | (0.027%) |
shares repurchased under resolution 5. |
As more than 50% of the votes were cast in favour of each of the above resolutions, all the resolutions were duly passed as ordinary resolutions of the Company.
As at the date of the AGM, the Company had 772,944,419 shares in issue which was the total number of shares entitling the shareholders to attend and vote for or against all the resolutions at the AGM. There were no shares entitling the shareholders to attend and vote only against the resolutions at the AGM. No shareholder was required to abstain from voting on any of the resolutions at the AGM.
The Company's Hong Kong branch share registrar and transfer office, Tricor Tengis Limited, was appointed as the scrutineer of the vote-taking for the AGM.
By order of the Board
AV Concept Holdings Limited So Yuk KwanChairman
Hong Kong, 12 August 2016
As at the date of this announcement, the Board comprises four executive directors, Dr. So Yuk Kwan (Chairman), Mr. So Chi On, Mr. So Kevin Chi Heng and Mr. So Chi Sun Sunny and three independent non-executive directors, Dr. Lui Ming Wah, SBS, JP, Mr. Charles E. Chapman and Mr. Wong Ka Kit.
AV Concept Holdings Limited published this content on 12 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 August 2016 10:27:04 UTC.
Original documenthttp://www.avconcept.com/html/upload/eng/ew_595_Poll Result of AGM 2016_20160812.pdf
Public permalinkhttp://www.publicnow.com/view/1E1CFB86582792155B7AF93E78F1B89DF0D7A591