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.

- 1 -

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.

- 2 -

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.

- 3 -

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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