AKM Industrial : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 20 FEBRUARY 2020

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AKM Industrial Company Limited

安捷 利實業有限公司

(incorporated in Hong Kong with limited liability under the Companies Ordinance)

(Stock Code: 1639)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 20 FEBRUARY 2020

The Board is pleased to announce that all the resolutions set out in the Notice of EGM dated 5 February 2020 were duly passed by the Independent Shareholders as ordinary resolutions by way of poll at the EGM held on 20 February 2020.

References are made to the circular ("Circular") dated 5 February 2020 of AKM Industrial Company Limited ("Company") and the notice of extraordinary general meeting ("Notice of EGM") dated 5 February 2020 attached thereto. Terms used in this announcement shall have the same meaning as defined in the Circular unless the context requires otherwise.

The Board is pleased to announce that, all the resolutions set out in the Notice of EGM were duly passed by the Independent Shareholders as ordinary resolutions by way of poll at the EGM of the Company held on 20 February 2020.

As at the date of the EGM, the total number of issued Shares of the Company was 1,538,237,500 Shares, which was the total number of Shares entitling the Shareholders to attend and vote for or against or abstain from voting on the resolutions set out in the notice of EGM. As stated in the Circular, Goertek (HongKong) Co., Limited and its associates, who directly and indirectly held 363,650,000 Shares (representing approximately 23.64% of the total number of Shares in issue), were connected persons of the Company under the Listing Rules, and were required to abstain and did abstain from voting on the ordinary resolutions at the EGM. Accordingly, the total number of Shares entitling the Independent Shareholders to attend and vote for or against the ordinary resolutions at the EGM was 1,174,587,500 Shares. There was no restriction on any Independent Shareholders casting votes on any of the resolutions at the EGM. There were no parties that have stated their intention in the Circular to vote against or to abstain from voting on any resolution at the EGM.

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The Company's Hong Kong share registrar and transfer office, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer at the EGM for the purpose of vote-taking. The poll results of all the resolutions proposed at the EGM are as follows:

			Number of votes cast and
	Ordinary Resolutions proposed at the EGM	approximate percentage of	Total number
	total number of votes cast	of votes cast
			For	Against
1.	(i)	To a p p r ove , c o n fi r m a n d r a t i f y a	757,220,652	0	757,220,652
		framework purchase agreement dated	(100%)	(0%)	(100%)
		13 January 2020 ("Renewed Purchase
		Agreement") entered into between the
		Company (for itself and on behalf of its
		subsidiaries) and GoerTek Inc. (for itself
		and on behalf of its subsidiaries) and the
		transactions contemplated thereunder.
	(ii)	To approve the Proposed Annual Caps	757,220,652	0	757,220,652
		for each of the year ending 31 December	(100%)	(0%)	(100%)
		2020, 31 December 2021 and 31 December
		2022 in relation to the transactions
		contemplated under the Renewed Purchase
		Agreement.
	(iii)	To authorize any one director of the	757,220,652	0	757,220,652
		Company to do all such acts and things	(100%)	(0%)	(100%)
		and execute all such documents where
		he/she consider(s) necessary, desirable
		or expedient for the purpose of, or in
		connection with, the implementation of
		and giving effect to the Renewed Purchase
		Agreement, the transactions contemplated
		thereunder and the Proposed Annual Caps.

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As more than 50% of the votes were cast in favour of each of the resolutions, all the resolutions were duly passed as ordinary resolutions of the Company.

By order of the Board

AKM Industrial Company Limited

Xiong Zheng Feng

Chairman

Hong Kong, 20 February 2020

As at the date of this announcement, the executive Director is Xiong Zheng Feng; the non-executive Directors are Gao Xiaoguang, Jia Junan, Wang Chunsheng, Zhang Xiaoming and Yu Daochun; and the independent non-executive Directors are Hung Chi Yuen Andrew, Cui Zheng and Yang Zhaoguo.

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