CHINA OVERSEAS GRAND OCEANS GROUP LIMITED 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 Hong Kong with limited liability)
(Stock Code: 81) VOTING RESULTS AT ANNUAL GENERAL MEETING HELD ON 23 MAY 2017At the annual general meeting of China Overseas Grand Oceans Group Limited (the "Company") held on 23 May 2017 (the "Annual General Meeting"), a poll was demanded by the chairman for voting on the proposed resolutions as set out in the notice of Annual General Meeting dated 11 April 2017.
As at the date of Annual General Meeting, the total number of shares of the Company in issue was 2,282,239,894 shares, which was the total number of shares entitling the holders to attend and vote for or against the resolutions at the Annual General Meeting. There was no restriction on any shareholders casting votes on any of the resolutions at the Annual General Meeting.
The Company's share registrar, namely, Tricor Standard Limited, was appointed as the scrutineer at the Annual General Meeting for the purpose of vote-taking. Set out below are the poll results in respect of the respective resolutions put to the vote at the Annual General Meeting:
Ordinary Resolutions* | No. of votes (%) For | No. of votes (%) Against | |
1. | To receive and consider the audited financial statements, the directors' report and the independent auditor's report for the year ended 31 December 2016. | 1,337,366,334 (100%) | 0 (0%) |
2. | To consider and declare a final dividend of HK2 cents per ordinary share for the year ended 31 December 2016. | 1,338,639,334 (100%) | 0 (0%) |
3. | (a) To re-elect Mr. Xiao Xiao as Director of the Company. | 1,325,946,964 (99.05%) | 12,692,370 (0.95%) |
3. | (b) To re-elect Mr. Yung Kwok Kee, Billy as Director of the Company. | 1,332,415,964 (99.54%) | 6,223,370 (0.46%) |
3. | (c) To re-elect Mr. Wang Man Kwan, Paul as Director of the Company. | 1,335,926,964 (99.80%) | 2,712,370 (0.20%) |
3. | (d) To re-elect Mr. Lo Yiu Ching, Dantes as Director of the Company. | 1,336,572,964 (99.85%) | 2,066,370 (0.15%) |
Ordinary Resolutions* | No. of votes (%) For | No. of votes (%) Against | |
3. | (e) To re-elect Mr. Yang Lin as Director of the Company. | 1,335,926,964 (99.80%) | 2,712,370 (0.20%) |
4. | To authorise the Board of Directors to fix the Directors' remuneration. | 1,335,345,334 (99.90%) | 1,306,000 (0.10%) |
5. | To appoint auditors for the ensuing year and to authorise the Directors to fix their remuneration. | 1,335,739,334 (99.78%) | 2,900,000 (0.22%) |
6. | To give a general mandate to the Directors to buy back shares of the Company not exceeding 10 per cent. of the number of shares of the Company in issue. | 1,336,100,334 (99.96%) | 551,000 (0.04%) |
7. | To give a general mandate to the Directors to allot, issue and deal with additional shares not exceeding 20 per cent. of the number of shares of the Company in issue. | 1,199,900,304 (89.64%) | 138,739,030 (10.36%) |
8. | To extend the general mandate granted to the Directors to allot, issue and deal with additional shares of an amount not exceeding the number of shares bought back by the Company. | 1,197,702,562 (89.47%) | 140,936,772 (10.53%) |
On the basis of the votes set out above, all the above resolutions were duly passed as ordinary resolutions.
For and on behalf of
CHINA OVERSEAS GRAND OCEANS GROUP LIMITEDXiao Xiao
Chairman and Non-Executive Director
* The full text of the resolutions is set out in the Notice of the Annual General Meeting contained in the circular titled "Proposals for Re-election of Retiring Directors, General Mandates to Buy Back Shares and to Issue Shares and Notice of Annual General Meeting" dated 11 April 2017.
Hong Kong, 23 May 2017
As at the date of this announcement, the Board comprises eight Directors, of which three are executive Directors, namely, Mr. Zhang Guiqing, Mr. Paul Wang Man Kwan and Mr. Yang Lin; two non-executive Directors, namely Mr. Xiao Xiao and Mr. Billy Yung Kwok Kee, and three independent non-executive Directors, namely Dr. Timpson Chung Shui Ming, Mr. Jeffrey Lam Kin Fung and Mr. Dantes Lo Yiu Ching.
China Overseas Grand Oceans Group Ltd. published this content on 23 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 May 2017 08:50:20 UTC.
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