China Overseas Grand Oceans : VOTING RESULTS AT GENERAL MEETING HELD ON 14 SEPTEMBER 2020

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.

(incorporated in Hong Kong with limited liability)

(Stock Code: 81)

VOTING RESULTS AT GENERAL MEETING HELD ON 14 SEPTEMBER 2020

Reference is made to the circular of China Overseas Grand Oceans Group Limited (the "Company") dated 25 August 2020 in relation to the formation of joint venture (the "Circular"). Unless otherwise specified, capitalized terms used herein shall have the same meanings as defined in the Circular.

POLL RESULTS AT THE GM

At the GM held at 10/F., United Centre, 95 Queensway, Admiralty, Hong Kong on 14 September 2020, a poll was demanded by the chairman of the GM for voting on the proposed ordinary resolution as set out in the notice of GM dated 25 August 2020.

The Company's share registrar, Tricor Standard Limited, was appointed as the scrutineer at the GM for the purpose of vote-taking. Set out below are the poll results of the ordinary resolution put to the vote at the GM:

Ordinary Resolution	No. of votes (%)	No. of votes (%)
For	Against
To approve the JV Agreement (as defined in the circular to	924,668,491	1,664,263
the shareholders of the Company dated 25 August 2020) and	(99.82%)	(0.18%)
the transactions contemplated thereunder.

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

Notes:

1. Full text of the resolution is set out in the notice of GM contained in the Circular.
2. As at the date of the GM, the Company had 3,423,359,841 ordinary shares in issue.
3. Total number of Shares entitling the holders to attend and vote on the ordinary resolution at the GM was 2,111,394,275 Shares (representing approximately 61.68% of the issued share capital of the Company).

- 1 -

1. Under the Listing Rules and as stated in the Circular, COHL and its associates together held 1,311,965,566 Shares, representing approximately 38.32% of the issued share capital of the Company as at the date of the GM, of which 1,262,211,316 Shares are held by Star Amuse and 49,754,250 Shares are held by Chung Hoi Finance. Star Amuse is a wholly-owned subsidiary of Big Crown, and Big Crown and Chung Hoi Finance are wholly-owned subsidiaries of COLI, which in turn is a non-wholly owned subsidiary of COHL. COHL and its associates are required to abstain from voting on the ordinary resolution at the GM.
2. Save as disclosed above, there was no Shareholder who (a) was entitled to attend and abstain from voting in favour of the resolution at the GM as set out in Rule 13.40 of the Listing Rules; and (b) has stated his/her intention in the Circular to vote against or to abstain from voting on the resolution at the GM.

For and on behalf of

CHINA OVERSEAS GRAND OCEANS

GROUP LIMITED

Zhuang Yong

Chairman and Executive Director

Hong Kong, 14 September 2020

As at the date of this announcement, the board of directors of the Company comprises eight directors, of which three are executive directors, namely Mr. Zhuang Yong, Mr. Yang Lin and Mr. Paul Wang Man Kwan; two non-executive directors, namely Mr. Yan Jianguo and Mr. Billy Yung Kwok Kee, and three independent non-executive directors, namely Dr. Timpson Chung Shui Ming, Mr. Jeffrey Lam Kin Fung and Mr. Dantes Lo Yiu Ching.

- 2 -