8 Temasek Boulevard #31-02

Suntec Tower Three, Singapore 038988

Tel: (65) 6334 8979 Fax: (65) 6333 5283

Co. Reg. No.: 199303293Z

OUTCOME OF THE 27TH ANNUAL GENERAL MEETING OF CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD HELD ON 28 APRIL 2021 ("27TH AGM")

The Board of Directors (the "Board") of China Aviation Oil (Singapore) Corporation Ltd (the "Company") wishes to announce that, pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-STListing Manual"), all resolutions set out in the Notice of Annual General Meeting of the Company were voted on by way of electronic poll voting and have been duly approved and passed by the shareholders of the Company at the 27th AGM:

  1. The results of the poll on each of the following resolutions put to vote at the 27th AGM are set out below:

For

Against

Total number of shares

As a percentage of

As a percentage of

Resolution number and details

represented by votes for

total number of

Number of

Number of

total number of

and against the relevant

votes for and

Shares

Shares

votes for and

resolution

against the

against the

resolution (%)

resolution (%)

Ordinary Business

Resolution 1

Adoption of Directors' Statement

and Audited Financial

644,052,811

643,977,111

99.99

75,700

0.01

Statements and Auditors' Report

thereon.

Resolution 2

Declaration of First and Final

(One-Tier, Tax Exempt) Dividend

645,174,389

645,098,689

99.99

75,700

0.01

For

Against

Total number of shares

As a percentage of

As a percentage of

Resolution number and details

represented by votes for

total number of

Number of

Number of

total number of

and against the relevant

votes for and

Shares

Shares

votes for and

resolution

against the

against the

resolution (%)

resolution (%)

Resolution 3

Approval of Directors' Fees for

the financial year ended 31

644,508,589

644,405,189

99.98

103,400

0.02

December 2020

Resolution 4

Re-election of Mr Wang Yanjun

as a Director pursuant to

645,174,389

643,312,919

99.71

1,861,470

0.29

Regulation 94 of the Constitution

Resolution 5

Re-election of Ms Bella Young

Pit Lai as a Director pursuant to

645,174,389

616,000,438

95.48

29,173,951

4.52

Regulation 94 of the Constitution

Resolution 6

Re-election of Mr Gong Feng as

a Director pursuant to Regulation

645,174,389

641,791,819

99.48

3,382,570

0.52

100 of the Constitution

Resolution 7

Re-election of Mr Zhang Yuchen

as a Director pursuant to

Regulation 100 of the

645,174,389

625,226,757

96.91

19,947,632

3.09

Constitution

2

For

Against

Total number of shares

As a percentage of

As a percentage of

Resolution number and details

represented by votes for

total number of

Number of

Number of

total number of

and against the relevant

votes for and

Shares

Shares

votes for and

resolution

against the

against the

resolution (%)

resolution (%)

Resolution 8

Re-election of Mr Conrad Clifford

as a Director pursuant to

645,174,389

645,037,319

99.98

137,070

0.02

Regulation 100 of the

Constitution

Resolution 9

Re-appointment of Auditors and

authorise the Director to fix their

645,174,389

645,098,689

99.99

75,700

0.01

remuneration

Special Business

Resolution 10

Authority of Directors to issue

shares pursuant to Section 161

of the Companies Act, Chapter

645,154,689

627,204,804

97.22

17,949,885

2.78

50 and the Listing Manual of the

Singapore Exchange Securities

Trading Limited

Resolution 11

Renewal of the General Mandate

for Interested Person

30,361,295

30,265,595

99.68

95,700

0.32

Transactions

Resolution 12

Renewal of Share Purchase

644,508,589

644,432,889

99.99

75,700

0.01

Mandate

3

  1. Details of shareholders required to abstain from voting on the following Resolution:

Name of Shareholder

Number of shares held

Resolution number(s)

(Please refer to item (1) above for details of the

resolution (s))

China National Aviation Fuel Group Limited

441,332,912

11

BP Investments Asia Limited

173,476,942

11

Save as aforesaid, there were no restrictions on any shareholders casting votes on any of the proposed resolutions at the 27th AGM.

  1. Reliance 3P Advisory Pte Ltd was appointed as the scrutineer for the purpose of the poll taken at the 27th AGM.
  2. Ms Bella Young Pit Lai has been re-appointed as a member of the Audit Committee. Ms Bella Young Pit Lai, being a nominee Director of substantial shareholder, BP Investments Asia Limited, is considered as a Non-Independent Director of the Company.

By Order of the Board

Doreen Nah

Company Secretary

Singapore, 28 April 2021

4

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China Aviation Oil (Singapore) Corp. Ltd. published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 12:01:01 UTC.