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Newtree : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 24 DECEMBER 2019

12/24/2019 | 02:26am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Newtree Group Holdings Limited

友 川 集 團 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1323)

POLL RESULTS OF

THE EXTRAORDINARY GENERAL MEETING

HELD ON 24 DECEMBER 2019

Reference is made to (i) the announcement of Newtree Group Holdings Limited (the "Company") dated 27 September 2019; (ii) the circular of the Company dated 9 December 2019 (the "Circular") in respect of, among other things, the acquisition of the remaining 80% of the issued share capital of Alpha Youth Limited; and (iii) the notice (the "Notice") of the extraordinary general meeting of the Company (the "EGM") dated 9 December 2019. Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

POLL RESULTS OF THE EGM

The Board is pleased to announce that the resolution as set out in the Notice was duly passed by the Shareholders by way of poll at the EGM held on 24 December 2019.

1

As at the date of the EGM, the total number of issued Shares was 2,662,683,201, being the total number of Shares entitling the holders thereof to attend and vote for or against the resolution proposed at the EGM. No Shareholder was required to abstain from voting at the EGM. There was no Share entitling the holders thereof to attend and abstain from voting in favour of the resolution pursuant to Rule 13.40 of the Listing Rules at the EGM.

The poll results in respect of the resolution at the EGM are as follows:

Number of Votes (%)

(% of total number of

Ordinary Resolution

Shares voted)

For

Against

1.

To approve the Acquisition Agreement and the

1,107,199,575

0

transactions contemplated thereunder (including

(100%)

(0%)

but not limited to the exercise of the Call Option,

the allotment and issue of the Consideration Shares

and the Conversion Shares, and the issue of the

Consideration CB and the Promissory Notes) (the

full text of the resolution is set out in the Notice)

As more than 50% of the votes were cast in favour of the resolution at the EGM, the resolution was duly passed as an ordinary resolution of the Company.

The Company's branch share registrar and transfer office in Hong Kong, Tricor Investor Services Limited, was appointed as the scrutineer at the EGM for the purpose of vote-taking.

By order of the Board

Newtree Group Holdings Limited

Wong Wai Sing

Chairman and Executive Director

Hong Kong, 24 December 2019

As at the date of this announcement, the executive Directors are Mr. Wong Wai Sing, Mr. Chan Kin Lung, Mr. Lee Chi Shing, Caesar and Mr. Wong Jeffrey; and the independent non-executive Directors are Mr. Kwok Kam Tim, Dr. Hui Chik Kwan and Mr. Tso Ping Cheong, Brian.

2

Disclaimer

Newtree Group Holdings Ltd. published this content on 24 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 December 2019 07:25:07 UTC


© Publicnow 2019
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