Silver Base : Announcements and Notices - - POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 11 APRIL 2017

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 the Cayman Islands with limited liability)

The Board is pleased to announce that the ordinary resolutions as set out in the Notice of EGM dated 22 March 2017 were duly passed by the Shareholders by way of poll at the EGM held on 11 April 2017.

Reference is made to the circular (the "Circular") of Silver Base Group Holdings Limited (the "Company") and the notice (the "Notice") of the extraordinary general meeting (the "EGM") dated 22 March 2017 in relation to, among other matters, the 2017 Distribution Agreement and the Renewal of the Scheme Mandate under the Share Option Scheme. Unless the context requires otherwise, capitalised terms in this announcement shall have the same meanings as defined in the Circular.

The Board is pleased to announce that the ordinary resolutions as set out in the Notice of EGM to approve, among other matters, the 2017 Distribution Agreement ("Ordinary Resolution No. 1") and the Renewal of the Scheme Mandate under the Share Option Scheme ("Ordinary Resolution No. 2") were duly passed by Shareholders by way of poll at the EGM held on Tuesday, 11 April 2017.

The poll result of the ordinary resolution was as follows:

Notes:

1. Full text of the resolutions were set out in the Notice of EGM.

2. Rounded to 4 decimal places.

As more than 50% of the votes were cast in favour of each of the above resolutions, the resolutions were duly passed as ordinary resolutions of the Company.

As at the date of the EGM, the total number of issued shares of the Company was 2,272,808,946. Mr. Liang Guoxing and his associates, held in aggregate 996,213,750 Shares, representing approximately 43.83% of the entire issued share capital of the Company as at the date of the EGM, had abstained from voting for the Ordinary Resolution No. 1 at the EGM to approve the 2017 Distribution Agreement and the transactions contemplated thereunder, including the Annual caps due to their interests in the 2017 Distribution Agreement. There were a total of 1,276,595,196 Shares entitling the Shareholders to attend and vote for or against the Ordinary Resolution No. 1 approving the 2017 Distribution Agreement and the transactions contemplated thereunder, including the Annual Caps at the EGM. Apart from aforesaid, no Shareholder was entitled to attend but was required to abstain from voting in favour of the resolutions proposed at the EGM as set out in Rule 13.40 of the Listing Rules. Accordingly, no Shareholder was required under the Listing Rules to abstain from voting on the Ordinary Resolution No. 2 at the EGM. There were a total of 2,272,808,946 Shares entitling the Shareholders to attend and vote for or against the Ordinary Resolution No. 2 at the EGM. No parties have stated their intention in the Circular to vote against or to abstain from voting on the Ordinary Resolution No. 2 at the EGM.

Computershare Hong Kong Investor Services Limited, the Company's branch share registrar and transfer office in Hong Kong, acted as scrutineer in respect of the voting at the EGM and performed calculation to obtain the above poll voting results based on the completed and signed poll voting forms collected by the Company.

By Order of the Board

Chairman

Hong Kong, 11 April 2017

As at the date of this announcement, the Board comprises Mr. Liang Guoxing (Chairman), Mr. Wang Jindong and Ms. Cheung Mei Sze as executive Directors; Mr. Wu Jie Si and Mr. Chen Sing Hung Johnny as non-executive Directors; and Mr. Hung Sui Kwan, Mr. Ma Lishan and Mr. Lee Kwok Keung Edward as independent non-executive Directors.