Dongyue : POLL RESULTS AT THE ANNUAL GENERAL MEETING HELD ON 24 MAY 20...

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DONGYUE GROUP LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 189)

POLL RESULTS AT THE ANNUAL GENERAL MEETING

HELD ON 24 MAY 2018

At the Annual General Meeting of Dongyue Group Limited (the "Company") held on 24 May 2018 (the "AGM"), a poll was taken for voting on all the proposed resolutions as set out in the notice of the AGM dated 20 April 2018 (the "Notice"). The poll results in respect of all the resolutions proposed at the AGM are as follows:

No. of Votes (%)

Ordinary Resolutions

• 1. To receive, consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and auditors for the year ended 31 December 2017.

  • (A) To re-elect Mr. Fu Kwan as an executive director of the Company.

  • (B) To re-elect Mr. Liu Chuanqi as an executive director of the Company.

  • (C) To re-elect Mr. Zhang Jian as an executive director of the Company.

  • (D) To re-elect Mr. Yang Xiaoyong as an independent non-executive director of the Company.

• 3. To authorize the board of directors of the Company to fix the directors' remuneration.

• 4. To re-appoint Elite Partners CPA Limited as auditors of the Company and to authorize the board of directors of the Company to fix their remuneration.

• 5. To declare a final dividend for the year ended 31 December 2017.

(100%)

0 (0%)

• (A) To grant general mandate to the Directors to issue new shares of the Company. (Ordinary resolution 6A of the Notice)

• (B) To grant general mandate to the Directors to repurchase shares of the Company. (Ordinary resolution 6B of the Notice)

• (C) To extend the general mandate to issue new shares of the Company by adding the number of the shares repurchased. (Ordinary resolution 6C of the Notice)

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 by the shareholders of the Company at the AGM.

As at the date of the AGM, the total number of issued shares of the Company was 2,111,689,455 shares, which was the total number of shares entitling the holders to attend and vote for or against the resolutions at the AGM. There were no shares of the Company entitling the holders to attend and vote only against any of the proposed resolutions or abstain from voting at the AGM.

The Company's Hong Kong branch share registrar, Tricor Investor Services Limited, was appointed as the scrutineer for the vote-taking at the AGM.

By Order of the Board Dongyue Group Limited

Zhang Jianhong

Chairman

Hong Kong, 24 May 2018

As at the date of this announcement, the Directors of the Company are Mr. Zhang Jianhong, Mr. Fu Kwan, Mr. Liu Chuanqi, Mr. Zhang Zhefeng, Mr. Zhang Bishu and Mr. Zhang Jian as executive Directors, and Mr. Ting Leung Huel, Stephen, Mr. Yang Xiaoyong and Mr. Yue Run Dong as independent non-executive Directors.