Kiu Hung International : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 12 MAY 2021

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Kiu Hung International Holdings Limited

僑 雄 國 際 控 股 有 限 公 司

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

(Stock Code: 00381)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 12 MAY 2021

The Board is pleased to announce that the proposed ordinary resolution was duly passed by the Shareholders by way of poll at the special general meeting (''SGM'').

Reference is made to the circular (the ''Circular'') of Kiu Hung International Holdings Limited (the ''Company'') and the notice (the ''Notice'') of the special general meeting dated 22 April 2021. Unless the context otherwise requires, terms defined in this announcement shall have the same meanings as those defined in the Circular.

RESULTS OF THE SGM

At the SGM held on 12 May 2021, the proposed ordinary resolution as set out in the Notice was taken by poll. The Hong Kong branch share registrar of the Company, Tricor Tengis Limited, was appointed as the scrutineer at the SGM for the purpose of vote-taking.

As at the SGM date, the total number of issued shares in the Company was 761,419,079 Shares, which was the total number of Shares entitling the Shareholders to attend and vote for or against the ordinary resolution at the SGM. There was no Share entitling any Shareholders to attend and abstain from voting in favour of the ordinary resolution at the SGM as set out in Rule 13.40 of the Listing Rules and no Shareholder was required under the Listing Rules to abstain from voting at the SGM. There was no party who had stated his/ her/its intention in the Circular to vote against the ordinary resolutions at the SGM or to abstain had done so at the SGM.

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The Board is pleased to announce that the proposed ordinary resolution was duly passed by the Shareholders by way of poll at the SGM. The poll results in respect of the ordinary resolution proposed at the SGM were as follows:

1. . the conditional subscription agreement dated 3 November 2020 (the ''Subscription Agreement'') and the supplemental subscription agreement dated 22 January 2021 (the ''Supplemental Subscription Agreement'') entered into between the Company as the issuer and Creditors (as defined in the circular issued by the Company on 22 April 2021) in relation to the subscription of an aggregate of 390,440,579 new ordinary shares of the Company (the
   ''Subscription Shares'') at the subscription price of HK$0.267 per Subscription Share, and the transactions contemplated thereunder be and are hereby approved, confirmed and ratified;
2. . the directors of the Company (the ''Directors'') be and are hereby granted a specific mandate to exercise all the powers of the Company to allot and issue the Subscription Shares, subject to and in accordance with the terms and conditions set out in the Subscription Agreement (as supplemented by the Supplemental Subscription Agreement); and
3. . any one of the Directors be and is hereby authorized to take any action for and on behalf of the Company as he or she considers necessary, desirable or expedient to carry out or give full effect to or otherwise in connection with the Subscription Agreement, the Supplemental Subscription Agreement and the transactions contemplated thereunder, including without limitation, to allot and issue the Subscription Shares in accordance with the Subscription Agreement (as supplemented by the Supplemental Subscription Agreement), to make all relevant applications, registrations and filings with the Stock Exchange or other relevant regulatory authorities, to sign and execute such further documents and to do any other matters incidental thereto and/or as contemplated thereunder.

Note: The full text of the ordinary resolution is set out in the Notice.

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As more than 50% of the votes were cast in favour of the ordinary resolution, the ordinary resolution was therefore duly passed by the Shareholders by way of poll at the SGM.

By order of the Board

Kiu Hung International Holdings Limited

Zhang Qijun

Chairman

Hong Kong, 12 May 2021

As at the date of this announcement, the Board comprises three executive Directors, Mr. Zhang Qijun, Mr. Chen Jian and Mr. Liu Mingqing and five independent non-executive Directors, Mr. Wang Xiao Ning, Mr. Cheng Ho On, Mr. Kong Chun Wing, Mr. Lai Chi Yin, Samuel and Ms. Chen Yuxin.

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