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.
ARES ASIA LIMITED
(Incorporated in Bermuda with limited liability)
(Stock Code: 645)
POLL RESULTS OF THE ANNUAL GENERAL MEETING
HELD ON 9 SEPTEMBER 2020
Reference is made to the circular (the ''AGM Circular'') of Ares Asia Limited (the ''Company'') dated 17 July 2020 together with the notice (the ''AGM Notice'') of the annual general meeting (the ''AGM'') of the Company. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the AGM Circular and the AGM Notice.
RESULTS OF THE AGM
As at the date of the AGM, the total number of issued shares in the Company was 513,175,401 Shares, which was the total number of Shares entitling the Shareholders to attend and vote for or against the resolutions at the AGM. No Shareholder was required to abstain from voting on any resolutions proposed at the AGM as required by the Listing Rules, and no Shareholder has stated his or her intention in the AGM Circular to vote against the resolutions proposed at the AGM or to abstain from voting. No Shareholder was entitled to attend and abstain from voting in favour of any resolutions at the AGM as required by the Listing Rules.
The Company's branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer at the AGM for the purpose of vote- taking.
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At the AGM, the following resolutions were considered and approved by way of poll, and the poll results of the votes are as follows:
Number of votes cast | |||||
(approximate percentage | Total | ||||
of total number of | |||||
Ordinary resolutions proposed at the AGM | number of | ||||
votes cast) | |||||
votes cast | |||||
For | Against | ||||
1. | To receive, consider and adopt the audited | 337,615,038 | 0 | 337,615,038 | |
consolidated financial statements of the | (100%) | (0%) | |||
Company and its subsidiaries and the | |||||
reports of the directors and of the | |||||
independent auditor for the year ended 31 | |||||
March 2020. | |||||
2. | (i) | To re-elect Ms. RUAYRUNGRUANG | 337,615,038 | 0 | 337,615,038 |
Woraphanit as an executive director of | (100%) | (0%) | |||
the Company; | |||||
(ii) To re-elect, approve and confirm the | 337,615,038 | 0 | 337,615,038 | ||
continuous appointment of Mr. NGAN | (100%) | (0%) | |||
Hing Hon as independent non-executive | |||||
director who has served the Company | |||||
for more than nine years as an | |||||
independent non-executive director; and | |||||
(iii) To authorise the board of directors of | 337,615,038 | 0 | 337,615,038 | ||
the Company to fix the directors' | (100%) | (0%) | |||
remuneration. | |||||
3. | To | re-appoint Mazars CPA Limited as | 337,615,038 | 0 | 337,615,038 |
independent auditor of the Company and to | (100%) | (0%) | |||
authorise the board of directors to fix their | |||||
remuneration. | |||||
4. | To | approve a general mandate to the | 337,615,038 | 0 | 337,615,038 |
directors to repurchase shares not exceeding | (100%) | (0%) | |||
10% of the total number of issued shares of | |||||
the Company. | |||||
5. | To | approve a general mandate to the | 337,615,038 | 0 | 337,615,038 |
directors to issue, allot and deal with | (100%) | (0%) | |||
additional shares not exceeding 20% of | |||||
total number of the issued shares of the | |||||
Company. | |||||
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Number of votes cast | ||||
(approximate percentage | Total | |||
of total number of | ||||
Ordinary resolutions proposed at the AGM | number of | |||
votes cast) | ||||
votes cast | ||||
For | Against | |||
6. | To extend the general mandate granted to | 337,615,038 | 0 | 337,615,038 |
the directors to issue shares of the Company | (100%) | (0%) | ||
by adding the number of shares repurchased | ||||
under ordinary resolution 4. | ||||
As more than 50% of the votes were cast in favour of each of the resolutions, all the above resolutions were duly passed as ordinary resolutions.
By Order of the Board
ARES ASIA LIMITED
RUAYRUNGRUANG Woraphanit
Chairlady
Hong Kong, 9 September 2020
As at the date of this announcement, the executive directors of the Company are Ms. RUAYRUNGRUANG Woraphanit (Chairlady) and Mr. LAI Yi-Chun (or Mr. Robert LAI), and the independent non-executive directors of the Company are Mr. CHANG Jesse, Mr. NGAN Hing Hon and Mr. YEUNG Kin Bond, Sydney.
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Ares Asia Limited published this content on 09 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2020 12:34:00 UTC