China BlueChemical : RESULTS OF EXTRAORDINARY GENERAL&nb...

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.

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 3983)

RESULTS OF EXTRAORDINARY GENERAL MEETING HELD ON 29 SEPTEMBER 2016

APPOINTMENT OF DIRECTORS AND

RESIGNATION OF DIRECTOR

RESULTS OF THE EGM

The Board is pleased to announce that all the proposed resolutions have been duly passed by the Shareholders at the EGM held on 29 September 2016.

APPOINTMENT OF DIRECTORS

The Board announces that Mr. Chen Bi (''Mr. Chen'') and Mr. Xie Weizhi (''Mr. Xie'') have been appointed at the EGM held on 29 September 2016 as non-executive Directors. At the meeting of the Board held on the same day, Mr. Chen has been appointed as the chairman of the Board, a member and the chairman of the nomination committee of the Board, Mr. Xie has been appointed as a member of the audit committee of the Board, a member of the remuneration committee of the Board and a member of the investment review committee of the Board. The abovementioned appointments have taken effect from 29 September 2016.

RESIGNATION OF DIRECTOR

The Board announces that Mr. Cheng Chi (''Mr. Cheng'') has resigned as a non-executive Director, a member of the audit committee of the Board, a member of the remuneration committee of the Board and a member of the investment review committee of the Board with effect from 29 September 2016 due to other work commitments.

Reference is made to the circular dated 15 August 2016 (the ''Circular'') of the Company, the notice of EGM dated 15 August 2016 of the Company (the ''Notice''), and the supplemental notice of the EGM dated 14 September 2016 (the ''Supplemental Notice'') of the Company. Unless otherwise stated, terms used in this announcement shall have the same meanings as defined in the Circular, the Notice and the Supplemental Notice.

RESULTS OF THE EGM

The Company held its EGM on Thursday, 29 September 2016 at 10 : 00 a.m. at the Meeting Room, 3rd Floor, Kaikang CNOOC Mansion, No. 15, Sanqu, Anzhenxili, Chaoyang District, Beijing, the PRC. As at the date of the EGM, the total number of issued Shares was 4,610,000,000 Shares, which is the number of Shares entitling the holders to attend and vote for or against the resolutions at the EGM. The Shareholders in attendance either in person or by proxy at the EGM represented a total of 3,962,643,817 Shares, or 85.96% of the total number of Shares entitling the holders to attend and vote for or against the resolutions at the EGM. Shareholders of H Shares who represented 1,123,643,817 H Shares and Shareholders of domestic Shares who represented 25,000,122 Shares appointed Mr. Li Hui, the chairman of the EGM, to vote at the EGM on their behalf. There were no Shares in respect of which their holders were entitled to attend and abstain from voting in favor of, or were required to abstain from voting on the resolutions at the EGM, under the Listing Rules.

Mr. Li Hui, the chairman of the Board, presided over the EGM. Computershare Hong Kong Investor Services Limited authorised Jun He Law Offices as the scrutineer responsible for vote-taking. The Shareholders in attendance either in person or by proxy considered and voted by poll to adopt and approve the following resolutions:

# based on the total number of votes casted on the resolution

As sufficient votes present at the EGM either in person or by proxy were cast in favour of resolution 1 and resolution 2, the above resolutions were duly passed.

APPOINTMENT OF DIRECTORS AND THEIR REMUNERATIONS

The Board announces that Mr. Chen and Mr. Xie have been appointed at the EGM held on 29 September 2016 as non-executive Directors. At the meeting of the Board held on the same day, Mr. Chen has been appointed as the chairman of the Board, a member and the chairman of the nomination committee of the Board, Mr. Xie has been appointed as a member of the audit committee of the Board, a member of the remuneration committee of the Board and a member of the investment review committee of the Board. The abovementioned appointments have taken effect from 29 September 2016.

Mr. Chen and Mr. Xie will not receive directors' emoluments during their terms of offices as the non-executive Directors according to their own will.

RESIGNATION OF DIRECTOR

The Board announces that Mr. Cheng has resigned as a non-executive Director, a member of the audit committee of the Board, a member of the remuneration committee of the Board and a member of the investment review Committee of the Board with effect from 29 September 2016 due to other work commitments.

Mr. Cheng was appointed as a non-executive Director in May 2016. The Board would like to take this opportunity to express its sincere appreciation to Mr. Cheng for his contributions.

Mr. Cheng confirmed that, as at the date of this announcement, he had no disagreement with the Board and/or the supervisory committee of the Company and there was no other matter in relation to his resignation that needs to be brought to the attention of the Shareholders.

By order of the Board

China BlueChemical Ltd.* Quan Changsheng

Company Secretary

Beijing, the PRC

29 September 2016

As at the date of this announcement, the executive Director is Mr. Xia Qinglong, the non- executive Directors are Mr. Chen Bi, Mr. Xie Weizhi and Mr. Guo Xinjun and the independent non-executive Directors are Ms. Lee Kit Ying, Mr. Lee Kwan Hung and Mr. Yu Changchun.

* For identification purpose only