Binhai Investment : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 24 OCTOBER 2019

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(Incorporated in Bermuda with limited liability)

(Stock Code: 2886)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 24 OCTOBER 2019

The Board is pleased to announce that the ordinary resolutions for approving the Revised Annual Caps and the re-elections of retiring Directors were duly passed by the Independent Shareholders and the Shareholders respectively by way of poll at the SGM held on 24 October 2019.

Reference is made to the circular of Binhai Investment Company Limited (the "Company") dated 8 October 2019 (the "Circular") and the notice of special general meeting (the "SGM") dated 8 October 2019 (the "Notice"). Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the Circular and the Notice.

The Board is pleased to announce that at the SGM held on 24 October 2019, ordinary resolution no. 1 was duly passed by the Independent Shareholders by way of poll, and ordinary resolutions nos. 2 and 3 were duly passed by the Shareholders by way of poll. Hong Kong Registrars Limited, the branch share registrar of the Company in Hong Kong, acted as scrutineer for the poll at the SGM.

The poll results in respect of the ordinary resolutions considered at the SGM are as follow:

	Ordinary Resolutions	Number of Votes (%)
	For	Against
1.	To approve the Revised Annual Caps; and to authorise
	directors of the Company to perform necessary acts to	122,832,030	0
	implement the Master Gas Supply Connection	(100%)	(0%)
	Agreement.
2.	To re-elect Ms. CAO Hong Mei as non-executive	122,832,030	0
	Director.	(100%)	(0%)
3.	To re-elect Ms. PENG Bo as non-executive Director.	122,832,030	0
		(100%)	(0%)

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As more than 50% of the votes were cast in favour of each of the above ordinary resolutions, each of the ordinary resolutions was duly passed.

As at the date of the SGM, the total number of issued and fully paid up Shares is 1,174,348,950 Shares.

Tianjin TEDA Investment Holding Co., Ltd. and its associates, which are interested in 706,818,659 Shares representing approximately 60.19% of the total number of issued Shares, were required to abstain and did abstain from voting on ordinary resolution no. 1 at the SGM. Accordingly, the total number of Shares entitling the Independent Shareholders to attend and vote for or against ordinary resolution no. 1 at the SGM was 467,530,291 Shares. There was no Share entitling the Independent Shareholder to attend and abstain from voting in favour of ordinary resolution no. 1 at the SGM as set out in Rule 13.40 of the Listing Rules.

For ordinary resolutions nos. 2 and 3, the total number of Shares entitling the Shareholders to attend and vote on ordinary resolutions nos. 2 and 3 at the SGM was 1,174,348,950 Shares. No Shareholder was required to attend and abstain from voting in favour of ordinary resolutions nos. 2 and 3 at the SGM as set out in Rule 13.40 of the Listing Rules. No Shareholder was required under the Listing Rules to abstain from voting on ordinary resolutions nos. 2 and 3 at the SGM.

By order of the Board

BINHAI INVESTMENT COMPANY LIMITED

GAO Liang

Executive Director

Hong Kong, 24 October 2019

As at the date of this announcement, the Board comprises two executive Directors, namely, Mr. Zhang Bing Jun and Mr. Gao Liang, four non-executive Directors, namely, Mr. Wang Gang, Mr. Yu Ke Xiang, Ms. Cao Hong Mei and Ms. Peng Bo, and three independent non-executive Directors, namely, Mr. Ip Shing Hing, J.P., Mr. Lau Siu Ki, Kevin and Professor Japhet Sebastian Law.

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