Ausnutria Dairy : POLL RESULT OF THE ANNUAL GENERAL MEETING FOR THE YEAR ENDED 31 DECEMBER 2020 HELD ON 11 MAY 2021

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AUSNUTRIA DAIRY CORPORATION LTD

澳 優 乳 業 股 份 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1717)

POLL RESULT OF THE ANNUAL GENERAL MEETING

FOR THE YEAR ENDED 31 DECEMBER 2020 HELD ON 11 MAY 2021

The Board is pleased to announce that all the resolutions as set out in the Notice of AGM were duly passed by the Shareholders by way of poll at the AGM held on 11 May 2021.

The Board is also pleased to announce that the resolution regarding the proposed final dividend of HK$0.27 per Share in respect of the year ended 31 December 2020 was duly passed by poll at the AGM held on 11 May 2021 and the final dividend is expected to be paid on or around 24 June 2021.

References are made to the circular (the "Circular") and the notice (the "Notice") of annual general meeting for the year ended 31 December 2020 (the "AGM") of Ausnutria Dairy Corporation Ltd (the "Company") dated 8 April 2021. Capitalised terms used herein shall have the same meanings as defined in the Circular and the Notice unless the content otherwise requires.

POLL RESULT OF THE AGM

The Board is pleased to announce that at the AGM held at 8th Floor, XinDaXin Building A, No. 168 Huangxing Middle Road, Changsha City, Hunan Province, the People's Republic of China on 11 May 2021 at 10:00 a.m., all the ordinary resolutions (the "Resolutions") as set out in the Notice were duly passed by the Shareholders by way of poll.

As at the date of the AGM, there were a total of 1,716,045,175 Shares of HK$0.10 each in issue. No Shareholders were required to abstain from voting in respect of the Resolutions. Accordingly, a total of 1,716,045,175 Shares were held by the Shareholders who were entitled to attend and vote for or against the Resolutions at the AGM. There were no Shares entitling the Shareholders to attend and abstain from voting in favour of the Resolutions at the AGM as set out in Rule 13.40 of the Listing Rules.

Shareholders and authorised proxies holding an aggregate of 1,224,731,869 Shares, representing approximately 71.37% of the issued Shares, were present at the AGM.

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The Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, acted as the scrutineer for the vote-taking at the AGM. The poll results of the Resolutions are as follow:

			Number of votes cast and
		Ordinary Resolutions	approximate percentage to
		total number of votes cast
			For	Against
1.	To receive and consider the audited consolidated financial statements	1,220,727,869	4,004,000
	and the reports of the Directors and of the auditors for the year ended	(99.6731%)	(0.3269%)
	31 December 2020
2.	To re-elect the retiring Directors:
	(i)	To re-elect Ms. Ng Siu Hung as executive Director	1,204,618,602	20,113,267
			(98.3577%)	(1.6423%)
	(ii) To re-elect Mr. Shi Liang as non-executive Director	1,181,747,334	42,984,535
			(96.4903%)	(3.5097%)
	(iii) To re-elect Mr. Qiao Baijun as non-executive Director	1,224,471,869	260,000
			(99.9788%)	(0.0212%)
3.	To authorise the Board to fix the Directors' remuneration and	1,224,731,869	0
	emolument	(100%)	(0%)
4.	To declare a final dividend of HK$0.27 per Share for the year ended	1,224,731,869	0
	31 December 2020 from the share premium account of the Company	(100%)	(0%)
5.	To re-appoint Ernst & Young as auditors and to authorise the Board to	1,224,731,869	0
	fix their remuneration	(100%)	(0%)
6.	To approve the renewal of the Issue Mandate	1,202,875,915	21,855,954
			(98.2155%)	(1.7845%)
7.	To approve the renewal of the Repurchase Mandate	1,224,726,869	5,000
			(99.9996%)	(0.0004%)
8.	To approve the addition of repurchased securities to the Issue	1,202,875,915	21,855,954
	Mandate stated under Resolution No. 6	(98.2155%)	(1.7845%)

As more than 50% of the votes were cast in favour of the Resolutions, the Resolutions were duly passed.

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PAYMENT OF FINAL DIVIDEND

The resolution for the payment of a final dividend of HK$0.27 per Share for the year ended 31 December 2020 was approved by the Shareholders at the AGM. The final dividend for the year ended 31 December 2020 will be payable on or about 24 June 2021 to the Shareholders on the register of members of the Company dated 7 June 2021.

By order of the Board

Ausnutria Dairy Corporation Ltd

Yan Weibin

Chairman

The People's Republic of China, 11 May 2021

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Yan Weibin (Chairman), Mr. Bartle van der Meer (Chief Executive Officer) and Ms. Ng Siu Hung; three non-executive Directors, namely Mr. Shi Liang (Vice-Chairman), Mr. Qiao Baijun and Mr. Tsai Chang-Hai; and three independent non-executive Directors, namely Mr. Lau Chun Fai Douglas, Mr. Jason Wan and Mr. Aidan Maurice Coleman.

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