Maoye International : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 12 SEPTEMBER 2019

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Maoye International Holdings Limited

茂業國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 848)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 12 SEPTEMBER 2019

The Board is pleased to announce that the resolution proposed at the EGM held on 12 September 2019 was duly passed.

Reference is made to the circular (the "Circular") of Maoye International Holdings Limited (the "Company") dated 23 August 2019 regarding major and connected transaction in relation to the new leasing framework agreement of the Company. Capitalised terms used herein shall have the same meanings as those defined in the Circular unless otherwise defined.

The board of directors of the Company (the "Board") is pleased to announce that at the EGM held on 12 September 2019, the resolution proposed was duly passed by the Independent Shareholders by way of poll voting. The poll results are as follows:

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Remarks:

1. As all votes were cast in favour of the resolution proposed at the EGM, such ordinary resolution was duly passed.
2. The total number of shares of the Company in issue: 5,140,326,000.
3. The total number of shares of the Company entitling the holder to attend and vote for or against the resolution at the EGM: 890,326,000.
4. The total number of shares of the Company entitling the holder to attend and vote only against the resolution at the EGM: Nil.
5. A total of 4,376,835,388 shares were voted at the EGM in respect of the proposed resolution, of which 4,250,000,000 shares were cast in favour of the resolution by the Controlling Shareholder Group (including Mr. Huang Mao Ru and his associates) inadvertently. According to the Circular and the Listing Rules, the Controlling Shareholder Group should have abstained from voting on the proposed resolution at the EGM. In this regard, the total number of votes cast for the proposed resolution (excluding the 4,250,000,000 votes cast by the Controller Shareholder Group) was 126,835,388.
6. Except for the Controlling Shareholder Group, none of the Shareholders have stated their intention in the Circular to abstain from voting on the resolution proposed at the EGM. In addition, none of the Shareholders have stated their intention in the Circular to vote against the resolution proposed at the EGM.
7. The Company's Branch Share Registrar in Hong Kong, Tricor Investor Services Limited, acted as the scrutineer for the vote-taking at the EGM.

By Order of the Board

Maoye International Holdings Limited

Mr. Huang Mao Ru

Chairman

12 September 2019, Hong Kong

As at the date of this announcement, the Board comprises three executive directors, namely, Mr. Huang Mao Ru, Mr. Zhong Pengyi and Mr. Liu Bo; one non-executive director, namely Mr. Wang Bin; and three independent non-executive directors, namely, Mr. Chow Chan Lum, Mr. Pao Ping Wing and Mr. Leung Hon Chuen.

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