Glorious Sun Enterprises : Poll Results of Special General Meeting held on 2 June 2017

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GLORIOUS SUN ENTERPRISES LIMITED

旭旭旭旭日日日日企企企企業業業業有有有有限限限限公公公公司司司司

(Incorporated in Bermuda with limited liability)

(Stock Code: 393)

POLL RESULTS OF SPECIAL GENERAL MEETING HELD ON 2 JUNE 2017

The resolutions for confirming, approving, authorising and ratifying the entering into of the Sale and Purchase Agreement, the Master Supply Agreement and the Supplemental Master Supply Agreement and the transactions contemplated thereunder and the implementation thereof; and for approving the Caps under the Master Supply Agreement (as amended by the Supplemental Master Supply Agreement) were duly passed by way of poll at the SGM held on 2 June 2017.

Reference is made to the circular (the "Circular") of Glorious Sun Enterprises Limited (the "Company") and the notice of SGM of the Company, both dated 12 May 2017. Unless otherwise defined herein, terms used herein shall have the same meanings as those defined in the Circular.

The Directors of the Company are pleased to announce that the resolutions for confirming, approving, authorising and ratifying the entering into of the Sale and Purchase Agreement, the Master Supply Agreement and the Supplemental Master Supply Agreement and the transactions contemplated thereunder and the implementation thereof; and for approving the Caps under the Master Supply Agreement (as amended by the Supplemental Master Supply Agreement) were duly passed by the Independent Shareholders by way of poll at the SGM held on 2 June 2017.

The Company's branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer of the poll. The results of the poll on the ordinary resolutions are as follows:

Ordinary Resolutions		Number of Votes (%)
		For	Against
1.	"THAT the entering into of the Sale and Purchase Agreement (as defined in the circular of the Company dated 12 May 2017), a copy of which has been produced to the meeting and marked "A" and initialled by the chairman of the meeting for identification purpose, and the transactions contemplated thereunder and the implementation thereof be and are hereby confirmed, approved, authorised and ratified; and any one director of the Company or any two directors of the Company, if the affixing of the common seal of the Company is necessary, be and is/are hereby authorised for and on behalf of the Company to execute (and, if necessary, affix the common seal of the Company to) any such documents, instruments and agreements and to do any such acts or things as may be deemed by him/her/them in his/her/their absolute discretion to be incidental to, ancillary to or in connection with the matters contemplated in the Sale and Purchase Agreement and the transactions contemplated thereunder, and the implementation thereof."	63,637,278 (100%)	0 (0%)
2.	"THAT the entering into of (i) the Master Supply Agreement (as defined in the circular of the Company dated 12 May 2017), a copy of which has been produced to the meeting and marked "B" and initialled by the chairman of the meeting for identification purpose and (ii) the Supplemental Master Supply Agreement (as defined in the circular of the Company dated 12 May 2017), a copy of which has been produced to the meeting and marked "C" and initialled by the chairman of the meeting for identification purpose, and the transactions contemplated thereunder and the implementation thereof be and are hereby confirmed, approved, authorised and ratified; and the Caps (as defined in the circular of the Company dated 12 May 2017) be and are hereby approved; and any one director of the Company or any two directors of the Company, if the affixing of the common seal of the Company is necessary, be and is/are hereby authorised for and on behalf of the Company to execute (and, if necessary, affix the common seal of the Company to) any such documents, instruments	63,637,278 (100%)	0 (0%)

and agreements and to do any such acts or things as may be deemed by him/her/them in his/her/their absolute discretion to be incidental to, ancillary to or in connection with the matters contemplated in the Master Supply Agreement and the transactions contemplated thereunder, and the implementation thereof."

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

As at the date of the SGM, the total number of issued and fully paid up Shares of the Company was 1,536,084,000 shares and the total number of Shares entitling the Independent Shareholders to attend and vote for or against the above resolutions was 556,130,501. Dr. Charles Yeung, GBS, JP and Mr. Yeung Chun Fan and their respective associates, in aggregate holding 979,953,499 Shares, have abstained from voting at the SGM. There were no Shares entitling the holder to attend and vote only against the above resolutions at the SGM.

By Order of the Board

Hui Chung Shing, Herman, SBS, MH, JP

Director

Hong Kong, 2 June 2017

As at the date of this announcement, the directors of the Company are as follows:

Executive Directors:

Dr. Charles Yeung, GBS, JP, Mr. Yeung Chun Fan, Mr. Pau Sze Kee, Jackson, Mr. Hui Chung Shing, Herman, SBS, MH, JP, Ms. Cheung Wai Yee, Mr. Chan Wing Kan, Archie and Ms. Yeung Yin Chi, Jennifer

Independent Non-Executive Directors:

Mr. Lau Hon Chuen, Ambrose, GBS, JP, Dr. Chung Shui Ming, Timpson, GBS, JP, Mr. Wong Man Kong, Peter, BBS, JP and Dr. Lam Lee G.