Chu Kong Petroleum and Natural Gas Steel Pipe : POLL RESULT OF THE EXTRAORDINARY GENERAL MEETING HELD ON 28 NOVEMBER 2019

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CHU KONG PETROLEUM AND NATURAL GAS STEEL PIPE HOLDINGS LIMITED

珠江石油天然氣鋼管控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 1938)

POLL RESULT OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 28 NOVEMBER 2019

Reference is made to the circular of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited (the "Company") dated 7 November 2019 (the "Circular"). Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as those defined in the Circular.

POLL RESULT OF THE EGM

The Board is pleased to announce that the proposed ordinary resolution (the ''Resolution'') as set out in the notice of the EGM dated 7 November 2019 was duly passed by the Shareholders by way of poll at the EGM held on 28 November 2019.

The poll result in respect of the Resolution is as follows:

Ordinary Resolution	Number of votes cast (%)
	For	Against
To approve, confirm and ratify the Land Resumption	709,941,126	0
Compensation Agreement dated 20 June 2019 entered into	( 100.00%)	(0.00%)
between Guangdong Pearl Steel Investment Management Co.,
Limited* (廣東珠鋼投資管理有限公司) and Guangzhou City

Panyu District Land Development Centre* (廣州市番禺區土 地開發中心) in connection with the land resumption of the land initially reserved for Phase III of Golden Dragon City Fortune Plaza ( 金 龍 城 財 富 廣 場 ) and the transactions contemplated thereunder; and authorise any one director of the Company to do all such acts and things and to sign and execute all such documents, instruments and agreements for and on behalf of the Company as they may consider necessary, appropriate, desirable or expedient to give effect to or in connection with this resolution.

Remarks:

1. As more than 50% of the votes present at the EGM (either in person or by proxy) were cast in favour of the Resolution, the Resolution was duly passed as ordinary resolution by the Shareholders at the EGM.
2. The total number of Shares in issue as at the date of the EGM was 1,011,142,000 Shares.
3. The total number of Shares entitling the Shareholders to attend and vote for or against the Resolution at the EGM was 1,011,142,000 Shares, representing 100% of the total issued Shares as at the date of the EGM.
4. No Shareholders had stated their intention in the Circular to vote against or to abstain from voting on the Resolution and no Shareholders were required under the Listing Rules to abstain from voting at the EGM. No Shareholders were entitled to attend but were required to abstain from voting in favour of the Resolution at the EGM.
5. Tricor Investor Services Limited, the Hong Kong branch share registrar of the Company, acted as the scrutineer for the vote-taking at the EGM.

By order of the Board

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited

Chen Chang

Chairman

Hong Kong, 28 November 2019

*The English translation of the Chinese names or words in this announcement, where indicated, is included for identification purpose only, and should not be regarded as the official translation of such Chinese names or words.

As at the date of this announcement, the executive Directors are Mr. Chen Chang, Ms. Chen Zhao Nian and Ms. Chen Zhao Hua and the independent non-executive Directors are Mr. Chen Ping, Mr. Tian Xiao Ren and Mr. Au Yeung Kwong Wah.