PYI : Poll Results of the Special General Meeting held on 26 June 2019 for Approval of the Disposal of 51% Equity Interest in Yichang Port Group Limited

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.

PYI Corporation Limited

(Incorporated in Bermuda with limited liability)

(Stock code: 498)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 26 JUNE 2019 FOR APPROVAL OF THE DISPOSAL OF 51%

EQUITY INTEREST IN 宜昌港務集團有限責任公司 (YICHANG PORT GROUP LIMITED*)

The Board is pleased to announce that the resolution set out in the notice of the SGM in relation to the disposal of 51% equity interest in 宜昌港務集團有限責任公司 (Yichang Port Group Limited*) was duly passed by way of poll at the SGM held on 26 June 2019.

The Board is also pleased to announce that all the conditions precedent for the payment of the First Consideration Sum have been fulfilled.

Reference is made to the announcement of PYI Corporation Limited (the ''Company'') dated 22 May 2019 and the circular of the Company dated 10 June 2019 (the ''Circular'') in relation to the disposal of 51% equity interest in 宜 昌港務集團有限責任公司 (Yichang Port Group Limited*). Unless otherwise specified, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

POLL RESULTS OF THE SGM

The Board is pleased to announce that the resolution as set out in the notice of the SGM dated 10 June 2019 (the ''Notice'') was duly passed by the Shareholders by way of poll at the SGM held on 26 June 2019. The Company's branch share registrar in Hong Kong, Tricor Secretaries Limited, acted as the scrutineer at the SGM for the purpose of vote-taking. The poll results of the resolution are as follows:

	Number of votes cast
Ordinary Resolution	(approximate percentage of	Total number of
total number of votes cast)	votes cast
	For	Against
To approve, ratify and confirm the Agreement	2,014,106,751	12,222,043	2,026,328,794
and the transaction contemplated thereunder(Note)	(99.40%)	(0.60%)

Note: Please refer to the Notice for the full text of the resolution.

• For identification purpose only

1

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

As at the date of the SGM, the total number of Shares in issue was 5,519,580,572 which was the total number of Shares entitling the holders to attend and vote for or against the resolution proposed at the SGM. No Shareholder was required under the Listing Rules to abstain from voting on the resolution proposed at the SGM and there were no Shares entitling holders thereof to attend and vote only against the resolution.

FULFILMENT OF CONDITIONS PRECEDENT

The Board is also pleased to announce that all the conditions precedent for the payment of the First Consideration Sum have been fulfilled. Therefore, the First Consideration Sum, being 50% of the net amount of the Consideration less the applicable PRC withholding tax based on the Consideration, both without taking into account any Adjustment, is payable by the Purchaser within 5 Business Days of the date hereof.

By Order of the Board

PYI Corporation Limited

Lau Tom Ko Yuen

Chairman and Managing Director

Hong Kong, 26 June 2019

As at the date of this announcement, the composition of the Board is as follows:

Mr. Lau Tom Ko Yuen	:	Chairman and Managing Director
Mr. Sue Ka Lok	:	Executive Director
Ms. Wu Yan Yee	:	Executive Director
Mr. Chan Shu Kin	:	Independent Non-Executive Director
Ms. Wong Lai Kin, Elsa	:	Independent Non-Executive Director
Mr. Leung Chung Ki	:	Independent Non-Executive Director

2