Red Star Macalline : POLL RESULTS OF THE 2019 THIRD EXTRAORDINARY GENERAL MEETING HELD ON 27 DECEMBER 2019

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Red Star Macalline Group Corporation Ltd.

紅星美凱龍家居集團股份有限公司

(A sino-foreign joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1528)

POLL RESULTS OF THE 2019 THIRD EXTRAORDINARY

GENERAL MEETING HELD ON 27 DECEMBER 2019

Red Star Macalline Group Corporation Ltd. (the "Company") announces that, at the 2019 third extraordinary general meeting of the Company (the "EGM") held at Yamei 1 Ballroom, 3/F, Crowne Plaza Shanghai Noah Square, No. 1699, Jinshajiang Road, Putuo District, Shanghai, the People's Republic of China (the "PRC") at 2:00 p.m. on Friday, 27 December 2019, all the proposed resolutions set out in the notice of the EGM and the supplemental notice of the EGM were passed by way of poll. For details of the resolutions considered at the EGM, the Shareholders may refer to the notice of the EGM dated 11 November 2019 and the supplemental notice of the EGM dated 10 December 2019, and the circular of the EGM dated 8 November 2019 and the supplemental circular of the EGM dated 10 December 2019 of the Company (the circular of the EGM, together with the supplemental circular of the EGM, collectively the "Circular"). Unless otherwise defined in this announcement, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

As at the date of the EGM, the total number of Shares is 3,550,000,000 Shares (including 2,876,103,969 A Shares and 673,896,031 H Shares). No Shareholder was required to abstain from voting on the resolutions under the Hong Kong Listing Rules. There was no Share entitling the holder to attend the meeting and abstain from voting in favour of the resolutions under Rule

13.40 of the Hong Kong Listing Rules. None of the Shareholders have stated their intention in the Circular to vote against or to abstain from voting on any of the resolutions proposed at the EGM. Computershare Hong Kong Investor Services Limited, the H Share registrar of the Company, acted as the scrutineer for vote-taking at the EGM. The convening of the EGM was in compliance with the Company Law of the PRC and the Articles of Association.

1. CONVENING OF THE MEETING
2. 1. EGM
      The total number of Shares entitling the holders to attend and vote on the resolutions at the EGM was 3,550,000,000 Shares. The total number of Shares with voting rights represented by the Shareholders attending the EGM in person or by proxy was 2,748,686,937 Shares, representing approximately 77.427801% of the total number of Shares.

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II. POLL RESULTS OF THE EGM

The poll results in respect of the respective resolutions at the EGM are set out below:

NO.	ORDINARY RESOLUTIONS EFFECTED	NUMBER OF VOTES (%)
BY CUMULATIVE VOTING SYSTEM
FOR	AGAINST	ABSTAIN
(1)	To consider and approve the re-election of Mr.	2,733,988,430
	CHE Jianxing as an executive Director of the	(99.465254%)
	Company;
(2)	To consider and approve the re-election of Mr.	2,743,801,527
	GUO Binghe as an executive Director of the	(99.822264%)
	Company;
(3)	To consider and approve the re-election of Ms.	2,743,797,627
	CHE Jianfang as an executive Director of the	(99.822122%)
	Company;
(4)	To consider and approve the re-election of Mr.	2,743,800,527
	JIANG Xiaozhong as an executive Director of the	(99.822227%)
	Company;
(5)	To consider and approve the re-election of Ms.	2,743,656,466
	CHEN Shuhong as a non-executive Director of the	(99.816986%)
	Company;
(6)	To consider and approve the re-election of Mr.	2,743,657,466
	XU Guofeng as a non-executive Director of the	(99.817023%)
	Company;
(7)	To consider and approve the re-election of Mr.	2,743,661,366
	JING Jie as a non-executive Director of the	(99.817165%)
	Company;
(8)	To consider and approve the re-election of Mr. XU	2,743,660,366
	Hong as a non-executive Director of the Company;	(99.817128%)
(9)	To consider and approve the re-election of Mr.	2,694,746,793
	QIAN Shizheng as an independent non-executive	(98.037603%)
	Director of the Company;
(10)	To consider and approve the re-election of Mr.	2,694,448,238
	LEE Kwan Hung, Eddie as an independent non-	(98.026741%)
	executive Director of the Company;
(11)	To consider and approve the re-election of Mr.	2,746,191,233
	WANG Xiao as an independent non-executive	(99.909204%)
	Director of the Company;

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NO.	ORDINARY RESOLUTIONS EFFECTED	NUMBER OF VOTES (%)
BY CUMULATIVE VOTING SYSTEM	FOR	AGAINST	ABSTAIN
(12)	To consider and approve the re-election of Ms.	2,746,192,234
	ZHAO Chongyi as an independent non-executive	(99.909240%)
	Director of the Company;
(13)	To consider and approve the re-election of Mr.	2,745,896,770
	ZHENG Hongtao as an independent Supervisor of	(99.898491%)
	the Company; and
(14)	To consider and approve the re-election of Mr.	2,745,921,560
	CHEN Gang as an independent Supervisor of the	(99.899393%)
	Company.
NO.	SPECIAL RESOLUTIONS	NUMBER OF VOTES (%)
FOR	AGAINST	ABSTAIN
(15)	To consider and approve the amendments to the	2,741,320,079	7,278,158	88,700
	Articles of Association of the Company; and	(99.731986%)	(0.264787%)	(0.003227%)
(16)	To consider and approve the proposed	2,741,432,866	7,165,371	88,700
	amendments to the Procedural Rules of the	(99.736090%)	(0.260683%)	(0.003227%)
	General Meetings of the Company.

Note: Under the cumulative voting system, "Against" and "Abstain" votes will be considered invalid.

As more than half of the votes from the Shareholders (including their proxies) attending the EGM were cast in favour of the resolutions numbered (1) to (14), these resolutions were duly passed as ordinary resolutions.

As more than two-thirds of the votes from the Shareholders (including their proxies) attending the EGM were cast in favour of the resolutions numbered (15) to (16), these resolutions were duly passed as special resolutions.

By Order of the Board

Red Star Macalline Group Corporation Ltd.

GUO Binghe

Vice Chairman

Shanghai, the PRC

27 December 2019

As at the date of this announcement, the executive Directors of the Company are CHE Jianxing, GUO Binghe, CHE Jianfang and JIANG Xiaozhong; the non-executive Directors are CHEN Shuhong, XU Guofeng, JING Jie and XU Hong; and the independent non-executive Directors are QIAN Shizheng, LEE Kwan Hung, Eddie, WANG Xiao and ZHAO Chongyi.

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