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.

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 9 MAY 2018

The Company is pleased to announce the results of the poll conducted in respect of the resolutions proposed at the Annual General Meeting of the Company held on 9 May 2018 (the "AGM") as follows:

RESOLUTIONS

NO. OF VOTES

(%)*

FOR

AGAINST

1.

To receive the audited Financial Statements, the Report of the Directors and the Independent Auditor's Report for the year ended 31 December 2017.

1,307,197,126

(99.9159)

1,100,120 (0.0841)

As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution.

2.

To declare a final dividend of HK$2.03 per share.

1,308,335,523

(99.9912)

115,193 (0.0088)

As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution.

3.

(a) To elect Mr. Neil Douglas McGee as a Director.

1,110,734,734

(85.0085)

195,880,595 (14.9915)

As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution.

(b) To elect Mr. Ralph Raymond Shea as a Director.

1,240,813,513

(94.8321)

67,617,866 (5.1679)

As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution.

(c) To elect Mr. Wan Chi Tin as a Director.

1,109,642,139

(84.9312)

196,877,197 (15.0688)

As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution.

RESOLUTIONS

NO. OF VOTES

(%)*

FOR

AGAINST

(d) To elect Mr. Wong Chung Hin as a Director.

1,228,829,567

(93.9254)

79,474,489 (6.0746)

As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution.

(e) To elect Mr. Wu Ting Yuk, Anthony as a Director.

1,280,138,153

(97.8345)

28,334,736 (2.1655)

As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution.

4.

To appoint KPMG as Auditor of the Company and to authorise the Directors to fix the Auditor's remuneration.

1,285,578,143

(98.2397)

23,035,193 (1.7603)

As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution.

5.

To give a general mandate to the Directors to issue and dispose of additional shares not exceeding 20% of the total number of shares of the Company in issue.#

947,350,260 (72.3992)

361,158,757 (27.6008)

As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution.

6.

To give a general mandate to the Directors to repurchase shares not exceeding 10% of the total number of shares of the Company in issue.#

1,307,537,932

(99.9261)

967,585 (0.0739)

As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution.

7.

To add the number of shares repurchased to the general mandate given to the Directors to issue additional shares.#

918,922,440 (70.2231)

389,653,230 (29.7769)

As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution.

8.

To approve the Transactions (as defined in the circular dated 11 April 2018) and the proposed annual caps of the Transactions.+

494,378,983 (99.4857)

2,555,972 (0.5143)

As more than 50% of the votes were cast in favour of the resolution, the resolution was duly passed as an ordinary resolution.

*

The above percentages are rounded to the nearest four decimal places.

#

The full text of Resolutions 5 to 7 are set out in the Notice of AGM dated 4 April 2018.

+

The full text of Resolution 8 is set out in the Supplemental Notice of AGM dated 11 April 2018.

The total number of shares entitling the holders to attend and vote for or against the Resolutions 1 to 7 at the AGM was 2,134,261,654 shares. There were no restrictions on any shareholders to cast votes on the proposed Resolutions 1 to 7 at the AGM.

As for Resolution 8, CK Infrastructure Holdings Limited and its associates (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) which together are interested in 811,299,612 shares representing approximately 38.01% of the total number of shares of the Company in issue were required to abstain, and had so abstained, from voting on such resolution at the AGM. The total number of shares entitling the holders to attend and vote for or against the Resolution 8 at the AGM is 1,322,962,042 shares. Save as the aforesaid, there were no restrictions on any other shareholders to cast votes on the proposed Resolution 8 at the AGM.

Computershare Hong Kong Investor Services Limited, the share registrar of the Company, acted as scrutineer for the poll at the AGM.

By Order of the Board

Alex Ng Company Secretary

Hong Kong, 9 May 2018

As at the date of this announcement, the directors of the Company are:

Executive directors : Mr. FOK Kin Ning, Canning (Chairman), Mr. TSAI Chao Chung,

Charles (Chief Executive Officer), Mr. CHAN Loi Shun, Mr. Andrew John HUNTER, Mr. Neil Douglas MCGEE and Mr. WAN Chi Tin

Non-executive director : Mr. LI Tzar Kuoi, Victor

Independent non-executive : Mr. IP Yuk-keung, Albert, Mr. Ralph Raymond SHEA, Mr. WONG directors Chung Hin and Mr. WU Ting Yuk, Anthony

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Power Assets Holdings Limited published this content on 09 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 May 2018 10:30:03 UTC