China Saite : Announcements and Notices - Poll Results of the Annual General Meeting Held on 24 May 2019

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CHINA SAITE GROUP COMPANY LIMITED

中 國 賽 特 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 153)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 24 MAY 2019

The Board is pleased to announce that all the resolutions proposed at the AGM as set out in the AGM Notice contained in the Circular were duly passed by the Shareholders by way of poll at the AGM held on 24 May 2019.

Reference is made to (i) the circular (the ''Circular'') of China Saite Group Company Limited (the ''Company''); and (ii) the notice (the ''AGM Notice'') of the annual general meeting (the ''AGM'') of the Company dated 23 April 2019. Unless the context requires otherwise, capitalised terms used in this announcement have the same meanings as those defined in the Circular.

Poll Results at the Annual General Meeting

The Board is pleased to announce that all the resolutions proposed at the AGM (the ''Proposed Resolutions'') as set out in the AGM Notice were duly passed by way of poll at the AGM held on 24 May 2019.

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The Company's Hong Kong branch share registrar, Tricor Investor Services Limited, was appointed as the scrutineer at the AGM for the purpose of vote-taking. The poll results in respect of the Proposed Resolutions passed at the AGM are as follows:

		Number of votes
	Ordinary Resolutions	(approximate %)
		For	Against
1.	To receive the audited consolidated financial	1,364,638,000	11,628,000
	statements of the Company and the reports of the	(99.16%)	(0.84%)
	directors and the independent auditor for the year
	ended 31 December 2018.
2(a).	To re-elect Mr. Jiang Jianqiang as an executive	1,364,638,000	11,628,000
	director of the Company.	(99.16%)	(0.84%)
2(b).	To re-elect Mr. Shao Xiaoqiang as an executive	1,364,638,000	11,628,000
	director of the Company.	(99.16%)	(0.84%)
2(c).	To re-elect Mr. Wu Zhongxian as an independent	1,364,638,000	11,628,000
	non-executive director of the Company.	(99.16%)	(0.84%)
3.	To authorise the board of directors to fix the	1,364,638,000	11,628,000
	directors' remuneration.	(99.16%)	(0.84%)
4.	To re-appoint Deloitte Touche Tohmatsu as the	1,364,638,000	11,628,000
	independent auditor of the Company and to	(99.16%)	(0.84%)
	authorise the board of directors to fix its
	remuneration.
5.	To give a general mandate to the directors to	1,364,638,000	11,628,000
	repurchase shares of the Company not exceeding	(99.16%)	(0.84%)
	10% of the total number of issued shares of the
	Company as at the date of passing of this
	resolution.
6.	To give a general mandate to the directors to issue,	1,360,320,000	15,946,000
	allot and deal with additional shares of the	(98.84%)	(1.16%)
	Company not exceeding 20% of the total number of
	issued shares of the Company as at the date of
	passing of this resolution.
7.	To extend the general mandate granted to the	1,360,320,000	15,946,000
	directors to issue, allot and deal with additional	(98.84%)	(1.16%)
	shares of the Company by the aggregate number of
	the shares repurchased by the Company.

Note: Please refer to the AGM Notice dated 23 April 2019 for the full text of the Proposed Resolutions.

As a majority of votes were cast in favour of each of the Proposed Resolutions, resolutions nos. 1 to 7 were duly passed as ordinary resolutions.

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As at the date of the AGM, the total number of Shares in issue was 2,590,747,935 Shares, which was the total number of Shares entitling the holders to attend and vote for or against any of the Proposed Resolutions at the AGM. No Shareholder was required to abstain from voting on the Proposed Resolutions.

There were no Shares entitling the holders to attend and vote only against any of the Proposed Resolutions at the AGM.

By order of the Board

China Saite Group Company Limited

Jiang Jianqiang

Chairman

Hong Kong, 24 May 2019

As at the date of this announcement, the executive directors of the Company are Mr. JIANG Jianqiang, Mr. SHAO Xiaoqiang and Mr. XU Fanghua; and the independent non-executive directors are Mr. XU Jiaming, Mr. LUK Chi Shing and Mr. WU Zhongxian.

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