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.

SUN ART RETAIL GROUP LIMITED ৷㒥ཧਯϞࠢʮ̡

(Incorporated in Hong Kong with limited liability)

(Stock code: 06808)

(I) POLL RESULTS AT THE ANNUAL GENERAL MEETING

HELD ON 9 MAY 2018

(II) PAYMENT OF THE FINAL DIVIDEND

At the annual general meeting (the "AGM") of Sun Art Retail Group Limited৷㒥ཧਯϞࠢʮ̡ (the "Company") held on 9 May 2018, all the proposed resolutions as set out in the notice of the AGM dated 26 March 2018 were taken by poll. The poll results are as follows:

Ordinary Resolutions

Number of Votes (%)

For

Against

1.

To receive the audited consolidated financial statements of the Company and the reports of the directors (the "Directors") and auditors for the year ended 31 December 2017.

8,523,793,964 (99.995825%)

355,900 (0.004175%)

2.

To declare a final dividend of HK$0.16 per share for the year ended 31 December 2017.

8,525,218,364 (100.000000%)

0 (0.000000%)

3.

(a)To re-elect Mr. Benoit, Claude, Francois, Marie, Joseph LECLERCQ as a Non-executive Director.

8,474,787,419 (99.408450%)

50,430,945 (0.591550%)

(b) To re-elect Mr. Xavier, Marie, Alain DELOM de MEZERAC as a Non-executive Director.

8,414,008,446 (98.695518%)

111,209,918 (1.304482%)

(c)To re-elect Mr. Ludovic, Frédéric, Pierre HOLINIER as an Executive Director.

8,493,297,174 (99.625567%)

31,921,190 (0.374433%)

(d) To re-elect Mr. ZHANG Yong as a Non-executive Director.

8,469,421,414 (99.345507%)

55,796,950 (0.654493%)

(e)To re-elect Mr. CHEN Jun as a Non-executive Director.

8,472,724,018 (99.384246%)

52,494,346 (0.615754%)

(f)To authorize the board of Directors (the "Board") to fix the respective Directors' remuneration.

8,523,361,234 (99.999165%)

71,130 (0.000835%)

Ordinary Resolutions

Number of Votes (%)

For

Against

4.

To re-appoint KPMG as auditors and to authorize the Board to fix their remuneration.

8,522,993,464 (99.973902%)

2,224,900 (0.026098%)

5.

To give a general mandate to the Directors to buy back shares of the Company not exceeding 10% of the total number of issued shares of the Company as at the date of passing of this resolution.

8,511,089,290 (99.855187%)

12,343,074 (0.144813%)

6.

To give a general mandate to the Directors to issue, allot and deal with additional shares of the Company not exceeding 20% of the total number of issued shares of the Company as at the date of passing of this resolution.

7,516,607,071 (88.187560%)

1,006,825,293 (11.812440%)

7.

To extend the general mandate granted to the Directors to issue, allot and deal with additional shares in the capital of the Company by the aggregate number of the shares bought back by the Company.

7,542,205,178 (88.469349%)

983,013,186 (11.530651%)

As a majority of the votes were cast in favour of each of the resolutions numbered 1 to 7, all resolutions were duly passed as ordinary resolutions.

As at the date of the AGM, the total number of shares of the Company in issue was 9,539,704,700 shares, which was the total number of shares of the Company entitling the holders to attend and vote on the resolutions at the AGM. There was no share entitling the holder to attend and abstain from voting in favour of the resolutions at the AGM as set out in rule 13.40 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

No shareholder of the Company was required under the Listing Rules to abstain from voting on the resolutions at the AGM. None of the shareholders of the Company have stated their intention in the Company's circular dated 26 March 2018 to vote against or to abstain from voting on any of the resolutions at the AGM.

The Company's share registrar, Computershare Hong Kong Investor Services Limited, acted as the scrutineer for the vote-taking at the AGM.

PAYMENT OF THE FINAL DIVIDEND

Reference was made to the 2017 Annual Report of the Company published on 26 March 2018, the Board wishes to inform the Company's shareholders that a final dividend of HK$0.16 (equivalent to RMB0.13) per ordinary share for the year ended 31 December 2017 will be paid no later than 13 July 2018 (Friday) to the shareholders of the Company whose names appear on the Company's register of members at the close of business at 4:30 p.m. on 16 May 2018 (Wednesday).

By order of the Board

Sun Art Retail Group Limited Ludovic, Frédéric, Pierre HOLINIER

Executive Director and Chief Executive Officer

Hong Kong, 9 May 2018

As at the date of this announcement, the Directors are:

Executive Director:

Ludovic, Frédéric, Pierre HOLINIER (Chief Executive Officer)

Non-executive Directors:

ZHANG Yong (Chairman)

Benoit, Claude, Francois, Marie, Joseph LECLERCQ Xavier, Marie, Alain DELOM de MEZERAC Wilhelm, Louis HUBNER

CHEN Jun

Independent Non-executive Directors: Karen Yifen CHANG

Desmond MURRAY HE Yi

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Sun Art Retail Group 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 11:55:05 UTC