China BlueChemical : RESULTS OF EXTRAORDINARY GENERAL MEETING HELD ON 26 AUGUST 2020 AND APPOINTMENT OF DIRECTOR AND THE REMUNERATION

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.

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 3983)

RESULTS OF EXTRAORDINARY GENERAL MEETING

HELD ON 26 AUGUST 2020

AND

APPOINTMENT OF DIRECTOR AND THE REMUNERATION

RESULTS OF THE EGM

We refer to the circular dated 12 July 2020 (the ''Circular'') and the revised notice of EGM dated 12 August 2020 (the ''Revised Notice'') of the Company. Unless otherwise stated, capitalized terms used in this announcement shall have the same meanings as defined in the Circular and Revised Notice.

The Company held the EGM on Wednesday, 26 August 2020 at 9 : 00 a.m. at the Meeting Room 1401, Kaikang CNOOC Mansion, No. 15, Sanqu, Anzhenxili, Chaoyang District, Beijing, the PRC. As at the date of the EGM, the total number of issued shares of the Company (''Shares'') was 4,610,000,000 Shares, which is the number of Shares entitling the shareholders of the Company (the ''Shareholders'') to attend and vote for or against any of the resolutions at the EGM. The Shareholders in attendance either in person or by proxy at the EGM represented a total of 3,959,584,392 Shares, or 85.89% of the total number of Shares entitling the Shareholders to attend and vote for or against all the resolutions of the EGM. Shareholders of H Shares who represented 1,170,584,636 H Shares and Shareholders of domestic Shares who represented 50,000,244 Shares appointed Mr. Wang Weimin, the chairman of the EGM, to vote at the EGM on their behalf. There are no Shareholders that are required under the Listing Rules to vote only against the resolutions or to abstain from voting at the EGM.

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Mr. Wang Weimin, the Chairman of the Board, presided over the EGM. Computershare Hong Kong Investor Services Limited authorised Jun He Law Offices as the scrutineer responsible for vote-taking. The Shareholders in attendance either in person or by proxy considered and voted by poll to adopt and approve the following resolutions:

	Special Resolution	No. of votes (approximate %)#
	For	Against
1.	To consider and approve the amendments to the	3,959,584,392	0
	articles of association of the Company and to	100.0000%	0.0000%
	authorise the Board to deal with on behalf of
	the Company the relevant filing and
	amendments (where necessary) procedures and
	other related issues arising from the
	amendments to the Articles of Association of
	the Company.
	Ordinary Resolution	No. of votes (approximate %)#
	For	Against
2.	To consider and approve the appointment of	3,935,236,569	24,347,823
	Mr. Hou Xiaofeng as an executive Director of	99.3851%	0.6149%
	the Company, to authorise the Chairman of the
	Company to sign the relevant service contract
	on behalf of the Company with Mr. Hou
	Xiaofeng, and to authorise the Board, which
	in turn will further delegate the remuneration
	committee of the Board to determine his
	remuneration.

• based on the total number of votes casted on the resolutions

As sufficient votes present at the EGM either in person or by proxy were cast in favour of the resolutions, the above resolutions were duly passed.

APPOINTMENT OF DIRECTOR AND THE REMUNERATION

The appointment of Mr. Hou Xiaofeng (''Mr. Hou'') as an executive Director was approved at the EGM with effect from 26 August 2020.

Mr. Hou will only receive remuneration for his position as senior management of the Company but will not receive director's emolument during his term as an executive Director.

Please refer to the Revised Notice for the biographical details of Mr. Hou. As at the date of this announcement, there has been no change to such information.

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As of the date of this announcement and save as disclosed above, Mr. Hou did not hold any other directorships in other listed companies in the past three years and he (i) had no relationship with any Directors, Supervisors, senior management or substantial or controlling Shareholders; (ii) had no interest in any Shares within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); and (iii) held no other position with the Company or other members of the Group.

As of the date of this announcement and save as disclosed above, Mr. Hou has confirmed that there are no matters that need to be brought to the attention of the Shareholders, and there is no other information in relation to his aforesaid appointment as an executive Director that is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules.

By order of the Board

China BlueChemical Ltd.*

Wu Xiaoxia

Company Secretary

Beijing, the PRC

26 August 2020

As at the date of this announcement, the executive directors of the Company are Mr. Wang Weimin and Mr. Hou Xiaofeng, the non-executive directors of the Company are Mr. Meng Jun and Mr. Guo Xinjun, and the independent non-executive directors of the Company are Ms. Karen Lee Kit Ying, Mr. Eddie Lee Kwan Hung and Mr. Yu Changchun.

• For identification purpose only

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