China Aviation Oil Singapore : Outcome of 25th Annual General Meeting Held on 24 April 2019

8 Temasek Boulevard #31-02

Suntec Tower Three, Singapore 038988

Tel: [phone] Fax: [phone]

Co. Reg. No.: 199303293Z

OUTCOME OF THE 24TH ANNUAL GENERAL MEETING OF CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD HELD ON 25 APRIL 2018 ("24TH AGM")

The Board of Directors (the "Board") of China Aviation Oil (Singapore) Corporation Ltd (the "Company") wishes to announce that, pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-STListing Manual"), all resolutions set out in the Notice of Annual General Meeting of the Company were voted on by way of electronic poll voting and have been duly approved and passed by the shareholders of the Company at the 24th AGM:

(a) Breakdown of all valid votes cast at the 24th AGM are set out below:

For

Against

Total number of shares

As a percentage of

As a percentage of

Resolution number and details

represented by votes for

Number of

total number of

total number of

and against the relevant

votes for and

Number of Shares

votes for and

Shares

resolution

against the

against the

resolution (%)

resolution (%)

Ordinary Business

Resolution 1

Adoption of Directors' Statement

and Audited Financial

Statements and Auditors' Report

657,133,916

656,960,716

99.97

173,200

0.03

thereon.

									For				Against
				Total number of shares						As a percentage of						As a percentage of
	Resolution number and details			represented by votes for			Number of			total number of						total number of
				and against the relevant						votes for and			Number of Shares			votes for and
							Shares
				resolution						against the						against the
										resolution (%)						resolution (%)
Resolution 2
Declaration of First and Final			657,055,357			656,886,650			99.97			168,707			0.03
(One-Tier, Tax Exempt) Dividend
Resolution 3
Approval of Directors' Fees for
the financial year ended 31			657,037,399			656,874,599			99.98			162,800			0.02
December 2017
Resolution 4
Re-election of Mr Meng Fanqiu
as a Director			651,421,521			649,723,321			99.74			1,698,200			0.26
Resolution 5
Re-election of Ms Bella Young
Pit Lai as a Director			651,314,256			632,207,477			97.07			19,106,779			2.93
Resolution 6
Re-election of Mr David Windle
as a Director
			651,214,317			636,634,802			97.76			14,579,515			2.24

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Total number of shares

For

Against

Resolution number and details

represented by votes for

As a percentage of

As a percentage of

and against the relevant

Number of

total number of

total number of

resolution

Shares

votes for and

Number of Shares

votes for and

against the

against the

resolution (%)

resolution (%)

Resolution 7

Re-election of Mr Li Yongji as a

Director

651,130,797

619,867,725

95.20

31,263,072

4.80

Resolution 8

Re-election of Mr Wang Yanjun

as a Director

651,112,438

648,412,596

99.59

2,699,842

0.41

Resolution 9

Re-appointment of Auditors and

authorise the Director to fix their

656,612,537

655,118,837

99.77

1,493,700

0.23

remuneration

Special Business

Resolution 10

Authority of Directors to issue

shares pursuant to Section 161

of the Companies Act, Chapter

50 and the Listing Manual of the

656,424,001

639,447,923

97.41

16,976,078

2.59

Singapore Exchange Securities

Trading Limited

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For

Against

Total number of shares

As a percentage of

As a percentage of

Resolution number and details

represented by votes

total number of

total number of

for and against the

Number of Shares

votes for and

Number of Shares

votes for and

relevant resolution

against the

against the

resolution (%)

resolution (%)

Resolution 11

Renewal of, and Amendments

to, the General Mandate for

41,690,371

40,562,451

97.29

1,127,920

2.71

Interested Person Transactions

Resolution 12

Renewal of Share Purchase

Mandate

656,451,783

639,132,736

97.36

17,319,047

2.64

Resolution 13

Adoption of the New Constitution

656,207,036

655,863,436

99.95

343,600

0.05

of the Company

(b) Details of parties required to abstain from voting on the following resolution:

				Resolution number
				(Please refer to item (a) above for details of the
	Name of Party	Number of shares held		resolution)
	China National Aviation Fuel Group Limited	441,332,912*		11
	BP Investments Asia Limited	173,476,942		11

*Held through DBS Vickers Securities (Singapore) Pte Ltd.

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Save as aforesaid, there were no restrictions on any shareholders casting votes on any of the proposed resolutions at the 24th AGM.

DrewCorp Services Pte Ltd was appointed as the scrutineers for the purpose of the poll taken at the 24th AGM.

By Order of the Board

Doreen Nah

Company Secretary

Singapore, 25 April 2018

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