INNOVATIVE PHARMACEUTICAL BIOTECH LIMITED

領航醫藥及生物科技有限公司

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)

(Stock Code: 399)

FORM OF PROXY FOR USE AT THE ANNUAL GENERAL MEETING

TO BE HELD ON 31 AUGUST 2020 (OR ANY ADJOURNMENT THEREOF)

I/We (Note 1)

of

being the registered holder(s) of

(Note 2) shares of HK$0.01 ("Shares") each in the share capital of

Innovative Pharmaceutical Biotech Limited (the "Company"), HEREBY APPOINT (Note 3)

of

or failing him,

the chairman of the annual general meeting (the "Meeting") of the Company as my/our proxy at the Meeting to be held at Falcon Room I, Basement, Gloucester Luk Kwok Hong Kong, 72 Gloucester Road, Wanchai, Hong Kong on Monday, 31 August 2020 at 11:00 a.m. (and at any adjournment thereof) and to vote on my/our behalf in respect of the resolutions as indicated below (Note 4):

ORDINARY RESOLUTIONS (Note 5)

FOR (Note 4)

AGAINST (Note 4)

1.

To receive and adopt the audited financial statements and the reports of the directors (the

"Directors") and of the auditors of the Company for the year ended 31 March 2020.

2.

(i)

To re-elect Mr. Tang Rong as an executive Director;

(ii)

To re-elect Dr. Zhang Zhihong as an independent non-executive Director;

(iii)

To re-elect Ms. Huang He as an executive Director; and

(iv)

To authorise the board of Directors to fix the Directors' remuneration.

3.

To re-appoint Elite Partners CPA Limited as the Company's auditors and to authorise the board of

Directors to fix their remuneration.

4.

To give a general mandate to the Directors to allot, issue and otherwise deal with additional Shares

not exceeding 20% of the total number of the issued shares of the Company as at the date of this

resolution.

5.

To give a general mandate to the Directors to buy back the Shares not exceeding 10% of the total

number of the issued shares of the Company as at the date of this resolution.

6.

To extend the general mandate granted to the Directors to issue the Shares pursuant to the

foregoing resolution no. 4 by a total number of Shares bought back by the Company pursuant to

the foregoing resolution no. 5.

Dated this

day of

2020.

Signature:

Notes:

  1. Full name(s) and address(es) to be inserted in BLOCK LETTERS.
  2. Please insert the number of Shares registered in your name(s). If no number is inserted, this form of proxy will be deemed to relate to all the Shares in the share capital of the Company registered in your name(s).
  3. Please insert the name and address of the proxy desired. IF NO NAME IS INSERTED, THE CHAIRMAN OF THE MEETING WILL ACT AS YOUR PROXY.
  4. IMPORTANT: IF YOU WISH TO VOTE FOR A RESOLUTION, PLEASE TICK "" THE APPROPRIATE BOX MARKED "FOR". IF YOU WISH TO VOTE AGAINST A RESOLUTION, PLEASE TICK "" THE APPROPRIATE BOX MARKED "AGAINST". Failure to complete any of the boxes will entitle your proxy to vote or abstain at his discretion. Your proxy will also be entitled to vote at his discretion on any resolution properly put to the Meeting other than those referred to in the notice convening the Meeting.
  5. The full text of each resolution referred to above is set out in the notice of the Meeting dated 31 July 2020.
  6. This form of proxy must be signed by you or your attorney duly authorized in writing or, in the case of a corporation, must be either under its common seal or under the hand of an officer or attorney duly authorized.
  7. In the case of joint holders, the vote of the senior who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the votes of the other joint holder(s), and for this purpose seniority will be determined by the order in which the names stand in the register of members of the Company.
  8. To be valid, this form of proxy, together with the power of attorney (if any) or other authority (if any) under which it is signed or a notarially certified copy thereof, must be deposited at the Company's branch share registrar and transfer agent in Hong Kong, Tricor Tengis Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong not less than 48 hours before the time appointed for holding the Meeting or any adjournment thereof.
  9. The proxy need not be a member of the Company but must attend the Meeting in person to represent you.
  10. Completion and delivery of this form of proxy will not preclude you from attending and voting at the Meeting (or any adjournment thereof) if you so wish and in such event, this form of proxy shall be deemed to have been revoked.

PERSONAL INFORMATION COLLECTION STATEMENT

Your supply of your and your proxy's (or proxies') name(s) and address(es) is on a voluntary basis for the purpose of processing your request for the appointment of a proxy (or proxies) and your voting instructions for the Meeting of the Company (the "Purposes"). We may transfer your and your proxy's (or proxies') name(s) and address(es) to our agent, contractor, or third party service provider who provides administrative, computer and other services to us for use in connection with the Purposes and to such parties who are authorized by law to request the information or are otherwise relevant for the Purposes and need to receive the information. Your and your proxy's (or proxies') name(s) and address(es) will be retained for such period as may be necessary to fulfil the Purposes. Request for access to and/or correction of the relevant personal data can be made in accordance with the provisions of the Personal Data (Privacy) Ordinance and any such request should be in writing by mail to the Company/Tricor Tengis Limited at the above address.

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Innovative Pharmaceutical Biotech Limited published this content on 30 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2020 10:00:08 UTC