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Suntec Tower Three, Singapore 038988 Tel: (65) 6334 8979 Fax: (65) 6333 5283 Co. Reg. No.: 199303293Z

OUTCOME OF THE 23RD ANNUAL GENERAL MEETING OF CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD HELD ON 18 APRIL 2017 ("23RD AGM")

The Board of Directors (the "Board") of China Aviation Oil (Singapore) Corporation Ltd (the "Company") wishes to announce that, pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-ST Listing Manual"), all resolutions set out in the Notice of Annual General Meeting of the Company were voted on by way of electronic poll voting and have been duly approved and passed by the

shareholders of the Company at the 23rd AGM:

  1. Breakdown of all valid votes cast at the 23rd AGM are set out below:

    Resolution number and details

    Total number of shares represented by votes for and against the relevant resolution

    For

    Against

    Number of Shares

    As a percentage of total number of votes for and against the resolution (%)

    Number of Shares

    As a percentage of total number of votes for and against the resolution (%)

    Ordinary Business

    Resolution 1

    Adoption of Directors' Statement and Audited Financial Statements and Auditors' Report thereon.

    637,858,993

    636,069,378

    99.72

    1,789,615

    0.28

    Resolution number and details

    Total number of shares represented by votes for and against the relevant resolution

    For

    Against

    Number of Shares

    As a percentage of total number of votes for and against the resolution (%)

    Number of Shares

    As a percentage of total number of votes for and against the resolution (%)

    Resolution 2

    Declaration of First and Final (One-Tier, Tax Exempt) Dividend

    639,192,738

    639,018,194

    99.97

    174,544

    0.03

    Resolution 3

    Approval of Directors' Fees for the financial year ended 31 December 2016

    638,895,176

    638,154,016

    99.88

    741,160

    0.12

    Resolution 4

    Re-election of Dr Wang Kai Yuen as a Director

    639,166,749

    638,399,869

    99.88

    766,880

    0.12

    Resolution 5

    Re-election of Mr Ang Swee Tian as a Director

    639,208,159

    638,767,239

    99.93

    440,920

    0.07

    Resolution 6

    Re-election of Mr Li Runsheng as a Director

    639,138,653

    638,208,433

    99.85

    930,220

    0.15

    Resolution 7

    Re-election of Dr Xi Zhengping as a Director

    639,397,266

    638,011,215

    99.78

    1,386,051

    0.22

    Resolution number and details

    Total number of shares represented by votes for and against the relevant resolution

    For

    Against

    Number of Shares

    As a percentage of total number of votes for and against the resolution (%)

    Number of Shares

    As a percentage of total number of votes for and against the resolution (%)

    Resolution 8

    Re-appointment of Auditors and authorise the Director to fix their remuneration

    638,394,089

    638,075,538

    99.95

    318,551

    0.05

    Special Business

    Resolution 9

    Authority of Directors to issue shares pursuant to Section 161 of the Companies Act, Chapter 50 and the Listing Manual of the Singapore Exchange Securities Trading Limited

    638,587,045

    623,878,356

    97.70

    14,708,689

    2.30

    Resolution 10

    Renewal of the General Mandate for Interested Person Transactions

    23,860,178

    23,147,770

    97.01

    712,408

    2.99

    Resolution 11

    Renewal of Share Purchase Mandate

    637,446,491

    637,328,691

    99.98

    117,800

    0.02

    Resolution 12

    Approval of the Proposed Pipeline Services Contract

    196,860,855

    196,682,510

    99.91

    178,345

    0.09

  2. Details of parties required to abstain from voting on the following resolutions:

Name of Party

Number of shares held

Resolution number(s)

(Please refer to item (a) above for details of the resolution (s))

China National Aviation Fuel Group Corporation

441,332,912*

10 and 12

BP Investments Asia Limited

173,476,942

10

*Held through DBS Vickers Securities (Singapore) Pte Ltd.

Save as aforesaid, there were no restrictions on any shareholders casting votes on any of the proposed resolutions at the 23rd AGM. DrewCorp Services Pte Ltd was appointed as the scrutineers for the purpose of the poll taken at the 23rd AGM.

By Order of the Board

Doreen Nah Company Secretary

Singapore, 18 April 2017

China Aviation Oil (Singapore) Corp. Ltd. published this content on 18 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 April 2017 05:40:05 UTC.

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