SUN.KING TECHNOLOGY 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 the Cayman Islands with limited liability)
(Stock Code: 580) POLL RESULTS OF ANNUAL GENERAL MEETING HELD ON 10 MAY 2017At the annual general meeting (the "AGM") of Sun.King Power Electronics Group Limited (the "Company") held on 10 May 2017, all the proposed resolutions as set out in the notice of the AGM dated 24 March 2017 (the "AGM Notice") were decided by way of poll.
As at the date of the AGM, the total number of issued shares of the Company ("Shares") was 1,399,055,500 Shares of HK$0.1 each, 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 restrictions on any shareholders casting vote on any of the proposed resolutions at the AGM. No shareholder was required to attend and vote only against the proposed resolutions at the AGM. No party has stated its intention in the circular of the Company dated 24 March 2017 that it would vote against any proposed resolution or that it would abstain from voting at the AGM.
The Company's branch share registrar in Hong Kong, Tricor Investor Services Limited, was appointed as the scrutineer at the AGM for the purpose of vote-taking. All the resolutions, where were voted on by poll, were approved by shareholders. The poll results in respect of the respective resolutions proposed at the AGM were as follows:
ORDINARY RESOLUTIONS | No. of Votes (%) | ||
For | Against | ||
1. | To receive and adopt the audited consolidated financial statements | 553,542,480 | 384,000 |
of the Company and the reports of directors and auditors for the | 99.93% | 0.07% | |
year ended 31 December 2016. | |||
2. | To declare a final dividend of HK1.5 cent per Share for the year | 553,924,480 | 2,000 |
ended 31 December 2016 out of the share premium account of the | 99.99% | 0.01% | |
Company. | |||
ORDINARY RESOLUTIONS | No. of Votes (%) | |||
For | Against | |||
3. | (a) | To re-elect the following retiring directors of the Company: | ||
(i) Mr. Yue Zhoumin; | 553,542,480 99.93% | 384,000 0.07% | ||
(ii) Mr. Chen Shimin; | 553,542,480 99.93% | 384,000 0.07% | ||
(iii) Mr. Zhang Xuejun; and | 553,542,480 99.93% | 384,000 0.07% | ||
(iv) Mr. Leung Ming Shu. | 553,542,480 99.93% | 384,000 0.07% | ||
(b) | To authorise the board of directors of the Company to fix the remuneration of the directors of the Company. | 553,542,480 99.93% | 384,000 0.07% | |
4. | To re-appoint Ernst & Young as the auditors of the Company and authorise the board of directors of the Company to fix their remuneration. | 553,542,480 99.93% | 384,000 0.07% | |
5. | (a) | To grant a general mandate to the directors of the Company to allot, issue and deal with additional Shares not exceeding 20% of the total number of issued Shares. | 548,826,180 99.08% | 5,100,300 0.92% |
(b) | To grant a general mandate to the directors of the Company to repurchase Shares not exceeding 10% of the total number of issued Shares. | 553,542,480 99.93% | 384,000 0.07% | |
(c) | To extend the authority given to the directors pursuant to ordinary resolution no. 5(a) to issue Shares by adding to the number of issued Share the number of Shares repurchased under ordinary resolution no. 5(b). | 548,826,180 99.08% | 5,100,300 0.92% | |
Please refer to the AGM Notice for the full text of the resolutions.
As more than 50% of votes were casted in favour of the above resolutions, all resolutions were duly passed as ordinary resolutions.
By order of the board of directors
Sun.King Power Electronics Group Limited Xiang JieChairman
Hong Kong, 10 May 2017
As at the date of this announcement, the executive directors of the Company are Mr. Xiang Jie, Mr. Gong Renyuan and Mr. Yue Zhoumin; and the independent non-executive directors of the Company are Mr. Chen Shimin, Mr. Zhang Xuejun and Mr. Leung Ming Shu.
Sun.King Power Electronics Group Ltd. published this content on 10 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 May 2017 08:56:21 UTC.
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