Li & Fung : Poll Results at Annual General Meeting held on 23 May 2019

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Incorporated in Bermuda with limited liability

Stock Code: 494

POLL RESULTS AT ANNUAL GENERAL MEETING

HELD ON 23 MAY 2019

At the Annual General Meeting ("AGM") of Li & Fung Limited (the "Company") held on 23 May 2019, a poll was demanded by the Chairman for voting on all proposed ordinary resolutions as set out in the Notice of AGM dated 18 April 2019. The Company's share registrar in Hong Kong, Tricor Abacus Limited, was appointed as the scrutineer at the AGM for the purpose of vote-taking.

The Chairman is pleased to announce that all resolutions were duly passed at the AGM and the voting details were as follows:-

	Ordinary Resolutions	Number of Votes (%)
	For	Against
1.	To receive and adopt the Audited Consolidated	6,114,855,083	873,460
	Financial Statements and Reports of the Directors	( 99.99 % )	( 0.01 % )
	and the Auditor for the year ended 31 December
	2018.
2.	To declare a final dividend of 4 HK cents per share.	6,121,550,481	898,460
		( 99.99 % )	( 0.01 % )
3.	(a) To re-elect Dr Victor Fung Kwok King as	5,960,900,206	161,572,735
	Director.	( 97.36 % )	( 2.64 % )
	(b) To re-elect Dr William Fung Kwok Lun as	5,945,792,642	176,680,299
	Director.	( 97.11 % )	( 2.89 % )
	(c) To re-elect Mr Marc Robert Compagnon as	6,004,202,295	118,265,646
	Director.	( 98.07 % )	( 1.93 % )
	(d) To re-elect Dr Martin Tang Yue Nien as	5,819,731,248	302,731,693
	Director.	( 95.06 % )	( 4.94 % )
4.	To re-appoint PricewaterhouseCoopers as Auditor	6,011,825,037	110,647,904
	and authorise the Directors to fix its remuneration.	( 98.19 % )	( 1.81 % )

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	Ordinary Resolutions	Number of Votes (%)
	For	Against
5.	To give a general mandate to the Directors to	6,119,132,781	1,158,160
	repurchase the Company's shares up to 10%.	( 99.98 % )	( 0.02 % )
6.	To give a general mandate to the Directors to issue	5,289,159,467	833,313,474
	new shares up to 10% and the discount for such	( 86.39 % )	( 13.61 % )
	shares to be issued shall not exceed 10%.

Notes:-

1. As at 17 May 2019, i.e. the record date of AGM, the total number of issued shares in the Company was 8,506,586,006 shares, which was the total number of shares entitling the holders to attend and vote for or against the resolutions at the AGM.
2. There was no restriction on any shareholders casting votes on any of the resolutions at the AGM.
3. There was no share of the Company entitling the holders to attend and abstain from voting in favour of the resolutions at the AGM as set out in Rule 13.40 of the Rules Governing the Listing Securities on The Stock Exchange of Hong
   Kong Limited (the "Listing Rules") and no shareholder of the Company was required to abstain from voting at the
   AGM under the Listing Rules.
4. No parties indicated to the Company to state their intention in the circular containing the Notice of the AGM dated 18 April 2019 to vote against or abstain from voting on any of the resolutions at the AGM.

By Order of the Board

William FUNG Kwok Lun

Group Chairman, Li & Fung Limited

Hong Kong, 23 May 2019

As at the date of this announcement, Executive Directors of the Company are William Fung Kwok Lun (Group Chairman), Spencer Theodore Fung (Group Chief Executive Officer) and Joseph C. Phi; Non-executive Directors are Victor Fung Kwok King (Honorary Chairman) and Marc Robert Compagnon; Independent Non- executive Directors are Allan Wong Chi Yun, Martin Tang Yue Nien, Margaret Leung Ko May Yee, Chih Tin Cheung and John G. Rice.

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