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.

POLL RESULTS OF

THE ANNUAL GENERAL MEETING HELD ON 19 DECEMBER 2019

Reference is made to the circular (the "Circular") of Chaoda Modern Agriculture (Holdings) Limited (the "Company") dated 25 October 2019. Unless otherwise defined, all capitalised terms used in this announcement shall have the same meanings as defined in the Circular.

POLL RESULTS

At the Annual General Meeting held on 19 December 2019, all proposed resolutions as set out in the notice of Annual General Meeting dated 25 October 2019 (the "2019 AGM Notice") were taken by poll.

The Board announces that the poll results in respect of each of the proposed resolutions are as follows:

Number of votes

(%)*

Ordinary Resolutions

For

Against

  • To receive and consider the audited consolidated

financial statements

of the

Company

and

its

678,198,262

28,550,000

subsidiaries and the

reports

of directors

and

the

(95.96%)

(4.04%)

auditors of the Company for the financial year

ended 30 June 2019.

2(A)

To re-elect Mr. Yang Gang as an executive

678,118,473

28,632,000

director of the Company.

(95.95%)

(4.05%)

- 1 -

Number of votes

(%)*

Ordinary Resolutions

For

Against

2(B)

To re-elect Mr. Ip Chi Ming as a non-executive

670,054,328

36,696,145

director of the Company.

(94.81%)

(5.19%)

  • To re-appoint Elite Partners CPA Limited as the

auditors of the Company and to authorise the

672,118,473

34,632,000

board of directors of the Company to fix their

(95.10%)

(4.90%)

remuneration.

4(A)

To grant a general mandate to the directors of the

700,668,473

6,000,000

Company to buy-back shares of the

(99.15%)

(0.85%)

Company.(Note)

4(B)

To grant a general mandate to the directors of the

697,408,309

9,339,953

Company to allot, issue and deal with shares of

(98.68%)

(1.32%)

the Company. (Note)

4(C)

Conditional on the passing of resolutions 4(A)

and 4(B), the general mandate under resolution

4(B) be extended by the addition of the

697,328,309

9,419,953

aggregate number of shares bought-back

(98.67%)

(1.33%)

pursuant to the general mandate granted under

resolution 4(A).(Note)

As more than 50% of the votes were cast in favour of each of the above resolutions, all the above resolutions were duly passed as ordinary resolutions.

* All percentages were rounded to 2 decimal places.

Note: The full text of resolutions 4(A) to 4(C) are set out in the 2019 AGM Notice.

As at the date of the Annual General Meeting:

  1. there were 3,295,582,491 Shares in issue, which were the total number of Shares entitling the Shareholders to attend and vote on the resolutions proposed at the Annual General Meeting; and
  2. there was no restriction on the Shareholders to cast votes on the resolutions proposed at the Annual General Meeting.
    • 2 -

No party has stated his/her/its intention in the Circular to vote against or to abstain from voting on any resolutions proposed at the Annual General Meeting.

Tricor Abacus Limited, the share registrar and transfer office of the Company, acted as the scrutineer for the vote-taking at the Annual General Meeting.

By Order of the Board

Chaoda Modern Agriculture (Holdings) Limited

Yeung Man Chit

Company Secretary

Hong Kong, 19 December 2019

As of the date hereof, the board of directors of the Company comprises:

Executive directors

: Mr. Kwok Ho, Mr. Kuang Qiao and Mr. Yang Gang

Non-executive director

:

Mr. Ip Chi Ming

Independent non-executive directors

:

Mr. Fung Chi Kin, Mr. Tam Ching Ho, Professor Lin

Shun Quan and Mr. Chan Yik Pun

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Chaoda Modern Agriculture (Holdings) Ltd. published this content on 19 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 December 2019 08:50:09 UTC