Chongqing Machinery & Electric : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 26 AUGUST 2020

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Chongqing Machinery & Electric Co., Ltd.*

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

(Stock Code: 02722)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 26 AUGUST 2020

The Board of the Company hereby announces that the resolutions set out in the notice of the extraordinary general meeting ("EGM") of the Company dated 10 July 2020 were duly passed by the Shareholders of the Company by way of poll at the EGM held on 26 August 2020.

Reference is made to the circular (the "Circular") dated 10 July 2020 of Chongqing Machinery & Electric Co., Ltd.* (the "Company") in connection with: (1) change of an executive director; (2) proposed amendments to the articles and the notice of the EGM. Terms used herein shall have the same meaning as defined in the Circular unless otherwise specified.

RESULTS OF THE EGM

As at the date of the EGM of the Company held on 26 August 2020, the registered and issued share capital of the Company was RMB3,684,640,154, which was divided into 2,584,452,684 domestic shares and 1,100,187,470 H shares of RMB1.00 each.

The total number of Shares entitling the Shareholders to attend the EGM and to vote for or against the resolutions No. 1 and No. 2 as set out in the notice of the EGM either in person, by their duly authorized representatives or by proxy at the meeting was 3,684,640,154 which was divided into 2,584,452,684 domestic shares and 1,100,187,470 H shares. There is no Share entitling the Shareholder to attend the EGM and abstain from voting in favour of any resolution at the EGM and no Shareholder is required under the Listing Rules to abstain from voting at the EGM.

• For identification purposes only

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The Board of the Company is pleased to announce that all the resolutions set out in the notice of the EGM were duly passed. All the resolutions, which were voted on by poll, were approved by the Shareholders of the Company.

The Company's H share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer for the vote-taking at the EGM.

The poll results are as follows:

		Number of H shares and domestic
		shares represented by votes casted
	ORDINARY RESOLUTIONS	and percentage of total number of
	H shares and domestic shares
		represented by votes casted
		FOR	AGAINST
1.	To consider and approve change of an executive	2,594,540,571	0
	director;	100.000000%	0.000000%
2.	Proposed amendments to the Articles.	2,585,386,684	9,153,887
		99.647187%	0.352813%

As more than 1/2 of the votes were cast in favour of the above resolutions, the resolutions were duly passed as ordinary resolutions.

By Order of the Board

Chongqing Machinery & Electric Co., Ltd.*

Zhang Fulun

Executive Director and Chairman

Chongqing, the PRC

26 August 2020

As at the date of the announcement, the executive Directors are Mr. Zhang Fulun, Ms. Chen Ping and Mr. Yang Quan; the non-executive Directors are Mr. Huang Yong, Mr. Zhang Yongchao, Mr. Dou Bo and Mr. Wang Pengcheng; and the independent non-executive Directors are Mr. Lo Wah Wai, Mr. Ren Xiaochang, Mr. Jin Jingyu and Mr. Liu Wei.

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