Pax Global Technology : POLL RESULTS OF ANNUAL GENERAL MEETING

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PAX Global Technology Limited

百 富 環 球 科 技 有 限 公 司*

(Incorporated in Bermuda with limited liability)

(Stock Code: 327) POLL RESULTS OF ANNUAL GENERAL MEETING

Reference is made to the circular issued by PAX Global Technology Limited (the "Company") dated 16 March 2017 (the "Circular"). Terms defined in the Circular shall have the same meanings when used herein unless the context requires otherwise.

The Board is pleased to announce that at the annual general meeting held on 25 April 2017 (the "AGM"), a poll was demanded by the chairman of the AGM in accordance with the Company's bye-laws for voting on all proposed resolutions as set out in the AGM Notice. All resolutions were duly passed by the Shareholders voting by way of poll. Tricor Investor Services Limited, the branch share registrar of the Company in Hong Kong, acted as scrutineer for the poll voting at the AGM. The poll results in respect of the resolutions proposed at the AGM were as follows:

ORDINARY RESOLUTIONS		Number Of Votes (Approximate %)
		For	Against
1.	To receive and adopt the audited consolidated financial statements of the Company, the report of the Directors and the report of the auditors of the Company for the year ended 31 December 2016.	672,934,516 (100.00%)	0 (0.00%)
2.	To declare a final dividend of HK$0.04 per ordinary share for the year ended 31 December 2016.	672,934,516 (100.00%)	0 (0.00%)

* For identification purpose only

ORDINARY RESOLUTIONS		Number Of Votes (Approximate %)
		For	Against
3.	To re-elect Mr. Nie Guoming as a Director.	604,327,579	68,606,937
		(89.80%)	(10.20%)
4.	To re-elect Mr. Li Wenjin as a Director.	579,905,729	84,114,787
		(87.33%)	(12.67%)
5.	To authorise the Board of Directors to fix the	604,541,115	706,000
	remuneration of the Directors.	(99.88%)	(0.12%)
6.	To re-appoint PricewaterhouseCoopers as	672,684,515	250,001
	the auditors of the Company and to authorise	(99.96%)	(0.04%)
	the Board of Directors to fix their
	remuneration.
7.	To grant a general mandate to the Directors	509,912,665	163,021,851
	to allot, issue and deal with additional shares	(75.77%)	(24.23%)
	of the Company not exceeding 20% of the
	total number of issued shares of the
	Company.#
8.	To grant a general mandate to the Directors	672,584,516	350,000
	to repurchase shares of the Company not	(99.95%)	(0.05%)
	exceeding 10% of the total number of issued
	shares of the Company.#
9.	To extend the general mandate to the	515,951,465	156,983,051
	Directors to allot, issue and deal with	(76.67%)	(23.33%)
	additional shares of the Company of an
	amount representing the total number of
	shares repurchased by the Company.#

# The full text of ordinary resolutions nos. 7 to 9 are set out in the AGM Notice.

As more than 50% of the votes were cast in favour of each of the proposed resolutions No. 1 to No. 9, these resolutions were duly passed as ordinary resolutions of the Company.

As at the date of the AGM, a total of 1,113,194,000 Shares were in issue. No Shareholder is required under the Listing Rules to abstain from voting in respect of the resolutions as set out in the AGM Notice. Accordingly, the total number of Shares entitling the Shareholders to attend and vote for or against the resolutions at the AGM were 1,113,194,000 Shares, representing 100% of the total number of issued shares

of the Company. There is no Share entitling the Shareholders to attend and abstain from voting in favour at the AGM as set out in Rule 13.40 of the Listing Rules. No shareholder has stated his/her intention in the Circular to vote against or to abstain from voting on any resolution at the AGM.

Hong Kong, 25 April 2017

By Order of the Board

PAX Global Technology Limited Li Wenjin

Executive Director

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Nie Guoming, Mr. Lu Jie and Mr. Li Wenjin; and three independent non-executive Directors, namely Mr. Yip Wai Ming, Dr. Wu Min and Mr. Man Kwok Kuen, Charles.