Asian Citrus : POLL RESULTS OF SPECIAL GENERAL MEETING HELD ON 8 APRIL 2021

Number of Votes

ORDINARY RESOLUTIONS

(Approximate %)

For

Against

1.(a) To approve the terms and conditions of the sale and

342,273,690

1,256,624

purchase agreement (the "Sale and Purchase

(99.63%)

(0.37%)

Agreement") dated 19 January 2021 entered into

between Mr. Gao Xiwu and 深圳市冠佳利實業有

限公司 (Shenzhen Guanjiali Industrial Limited*), a

wholly owned subsidiary of the Company in the

PRC, in relation to the acquisition of an industrial

land and various buildings erected thereon located

at the junction of Dongcun Road and Xingqiao

Road, Longgang District, Shenzhen, Guangdong

Province, the PRC (a copy of which has been

produced to the Meeting marked "A" and signed by

the chairman of the Meeting for the purpose of

identification), and the transactions contemplated

thereunder be and are hereby approved, confirmed,

and/or ratified; and

Number of Votes

ORDINARY RESOLUTIONS

(Approximate %)

For

Against

2.(a)

To approve the placing agreement (the "Placing

341,199,507

2,330,807

Agreement") dated 19 January 2021 entered into

(99.32%)

(0.68%)

between the Company and Cinda International

Securities Limited in relation to the placing of up to

a maximum of 1,250,000,000 new shares (the

"Placing Shares") at the placing price of HK$0.08

per Placing Share and the transactions thereunder

be and are hereby approved, confirmed, and/or

ratified;

(b)

To approve conditional upon the listing committee

of The Stock Exchange of Hong Kong Limited

granting the listing of, and permission to deal in, the

Placing Shares to be allotted and issued, the

Directors be and are hereby granted a specific

mandate (the "Specific Mandate") to allot, issue

and deal with the Placing Shares on the term and

subject to the conditions of the Placing Agreement,

which shall be valid until 30 June 2021 provided

that such Specific Mandate being additional to and

not prejudicing or revoking any general or specific

mandate(s) which has/have been granted or may

from time to time be granted to the Directors by the

shareholders of the Company prior to the passing of

this resolution; and

(c)

To approve any one Director be and is hereby

generally and unconditionally authorised to do all

such acts or things and execute (including under

common seal where applicable) and deliver all such

documents, instruments and agreements which he

considers necessary, desirable or expedient to give

effect to or otherwise in connection with the Placing

Agreement and the transactions contemplated

thereunder, and the allotment and issue of the

Placing Shares under the Specific Mandate, and to

agree to such variation, amendments or waiver of

matters relating thereto as are, in the opinion of the

Directors, in the interests of the Company.

Number of Votes

ORDINARY RESOLUTIONS

(Approximate %)

For

Against

3.(a)

To approve the authorised share capital of the

342,091,690

1,438,624

Company be and is hereby increased from

(99.58%)

(0.42%)

HK$20,000,000 divided into 2,000,000,000 shares

of HK$0.01 each (the "Shares") to HK$50,000,000

divided into 5,000,000,000 Shares by creating an

additional 3,000,000,000 Shares (the "Increase in

Authorised Share Capital"); and

(b)

To approve any one Director be and is hereby

authorised to do all such acts and things and execute

all such documents which he considers necessary,

desirable or expedient for the purpose of, or in

connection with, the implementation of and giving

effect to the Increase in Authorised Share Capital.