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.

GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED

金源米業國際有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 677)

POLL RESULTS AT THE ANNUAL GENERAL MEETING

HELD ON 26 AUGUST 2020

At the annual general meeting of Golden Resources Development International Limited (the "Company") held on 26 August 2020 (the "AGM"), all the proposed resolutions as set out in the notice of the annual general meeting dated 27 July 2020 were taken by poll.

As at the date of the AGM, the total number of the issued shares in the Company was 1,697,406,458 shares, which was the total number of shares in the Company entitling the holders to attend and vote for or against the resolutions at the AGM. There was no restriction on any shareholders casting votes on any of the resolutions at the AGM and no shareholder of the Company was required to abstain from voting on any of the resolutions at the AGM.

The Company's branch share registrar in Hong Kong, Tricor Standard Limited, was appointed as the scrutineer at the AGM for the purpose of vote-taking. Set out below are the poll results in respect of the respective resolutions put to the vote at the AGM :

Resolutions

Number of Votes (%)

For

Against

1.

To receive and consider the financial statements

1,038,795,714

1,000

and the reports of the directors and auditor for

(99.99%)

(0.01%)

the year ended 31 March 2020.

2.

To declare a final dividend.

1,038,795,714

1,000

(99.99%)

(0.01%)

3.

(a)

To re-elect Mr. Laurent LAM Kwing Chee

1,037,757,714

1,039,000

as director.

(99.90%)

(0.10%)

(b)

To re-elect Ms. Morna YUEN Mai-tong as

1,038,795,714

1,000

director.

(99.99%)

(0.01%)

(c) To re-elect Mr. Michael YU Tat Chi as

1,038,795,714

1,000

director.

(99.99%)

(0.01%)

1

Resolutions

Number of Votes (%)

For

Against

3.

(d) To authorize the board of directors to fix the

1,038,795,714

1,000

remuneration of directors.

(99.99%)

(0.01%)

4.

To re-appoint the auditor and to authorize the

1,038,795,714

1,000

board of directors to fix the remuneration of

(99.99%)

(0.01%)

auditor.

5.

(a)

Ordinary Resolution in item 5(A) of the

1,038,795,714

1,000

notice of the annual general meeting

(99.99%)

(0.01%)

(To grant a general mandate to the directors

to repurchase shares of the Company)

(b) Ordinary Resolution in item 5(B) of the

1,006,588,214

32,208,500

notice of the annual general meeting

(96.90%)

(3.10%)

(To grant a general mandate to the directors

to allot and issue new shares of the

Company)

(c) Ordinary Resolution in item 5(C) of the

1,006,588,214

32,208,500

notice of the annual general meeting

(96.90%)

(3.10%)

(To extend a general mandate granted to the

directors to issue new shares of the

Company)

On the basis of the votes set out above, all the above resolutions were duly passed as ordinary resolutions.

By Order of the Board

Golden Resources Development International Limited

Laurent LAM Kwing Chee

Chairman

Hong Kong, 26 August 2020

As at the date of this announcement, the executive directors of the Company are Mr. Laurent LAM Kwing Chee (Chairman), Mr. Anthony LAM Sai Ho (Vice Chairman and Chief Executive Officer), Madam LAM Sai Mann, Ms. Morna YUEN Mai-tong and Mr. TSANG Siu Hung. The non-executive director of the Company is Mr. Dennis LAM Saihong. The independent non-executive directors of the Company are Mr. Joseph LAM Yuen To, Mr. Michael YU Tat Chi and Mr. Ronald YAN Mou Keung.

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Golden Resources Development International Ltd. published this content on 26 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2020 08:46:05 UTC