Hengxin Technology : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 17 DECEMBER 2019 AND APPOINTMENT OF NEW AUDITOR IN HONG KONG

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(carrying on business in Hong Kong as HX Singapore Ltd.)

(incorporated in Singapore with limited liability)

(Stock Code: 1085)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 17 DECEMBER 2019

AND

APPOINTMENT OF NEW AUDITOR IN HONG KONG

The Board is pleased to announce that all the resolutions set out in the notice convening the EGM were duly passed by way of poll at the EGM held on 17 December 2019.

The Board is also pleased to announce that following the Shareholders' approval at the EGM, the appointment of KPMG as the auditor of the Company took effect from 17 December 2019 after the conclusion of the EGM and will hold office until the conclusion of the next annual general meeting of the Company.

* For identification purpose only

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POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

The board (the "Board") of directors (the "Director(s)") of Hengxin Technology Ltd. (the "Company", together with its subsidiaries, collectively, the "Group") is pleased to announce the results of the poll conducted in respect of the resolutions proposed at the extraordinary general meeting of the Company held on 17 December 2019 (the "EGM") as follows.

		Number of shares voted
		(approximate %) (Note 2)
	Ordinary Resolutions (Note 1)	FOR	AGAINST
1.	To approve and confirm the 2019 Raw Materials Purchase	43,844,776	0
	Master Agreement dated 10 October 2019 entered into	(100%)	(0%)
	between Hengxin (Jiangsu), a wholly-owned subsidiary of
	the Company, as purchaser, and Suzhou Hengli, as supplier,
	and the terms and conditions thereof, and the transactions
	contemplated thereunder (including the proposed annual cap
	for each of the three years ending 31 December 2020, 2021
	and 2022) and the performance and implementation thereof.
	As more than 50% of the votes were cast in favour of the resolution, the resolution was duly
	passed as an ordinary resolution.
2.	To approve and confirm the 2019 Products Sales Master	43,844,776	0
	Agreement dated 10 October 2019 entered into between	(100%)	(0%)
	Hengxin (Jiangsu), a wholly-owned subsidiary of the
	Company, as supplier, and Suzhou Hengli, as purchaser,
	and the terms and conditions thereof, and the transactions
	contemplated thereunder (including the proposed annual cap
	for each of the three years ending 31 December 2020, 2021
	and 2022) and the performance and implementation thereof.
	As more than 50% of the votes were cast in favour of the resolution, the resolution was duly
	passed as an ordinary resolution.
3.	To approve, ratify and confirm the authorisation to any one	43,844,776	0
	Director for and on behalf of the Company, among other	(100%)	(0%)
	things, to sign, execute, perfect and/or deliver (including
	sub-authorisation) the CCT Agreements and all such
	documents or agreements and to do (including sub-
	authorisation) all such other acts and things which he/she
	may consider necessary, expedient or desirable in connection
	with or incidental to the CCT Agreements and the respective
	annual caps.
	As more than 50% of the votes were cast in favour of the resolution, the resolution was duly
	passed as an ordinary resolution.

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		Number of shares voted
		(approximate %) (Note 2)
	Ordinary Resolutions (Note 1)	FOR	AGAINST
4.	To appoint KPMG as the auditor of the Company and to	140,713,438	0
	authorise the Board to fix its remuneration.	(100%)	(0%)
	As more than 50% of the votes were cast in favour of the resolution, the resolution was duly
	passed as an ordinary resolution.

Notes:

1. For full text of the relevant resolution, please refer to the Company's circular and EGM notice both dated 22 November 2019, which can be viewed at and downloaded from the websites of the Company (www.hengxin.com.sg) and Hong Kong Exchanges and Clearing Limited (www.hkexnews.hk). Capitalised terms used herein shall have the same meaning as those defined in the Company's circular dated 22 November 2019.
2. The percentages of votes for or against the proposed resolutions at the EGM are calculated based on the total number of the Company's shares (the "Shares") held by the shareholders of the Company (the "Shareholders") who were entitled to attend and vote and have attended and voted in person or by proxy at the EGM.

As at the date of the EGM, the total number of Shares of the Company was 388,000,000 Shares. Save for Kingever Enterprises Limited ("Kingever") and its associates, which were interested in 90,868,662 Shares in aggregate, were interested in resolution numbers 1 to 3 above and were required to abstain and have abstained from voting on the relevant resolutions at the EGM, there were no Shares entitling the holders to attend and abstain from voting in favour as set out in rule 13.40 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and no Shareholders were required under the Listing Rules to abstain from voting at the EGM. No parties have indicated in the circular of the Company dated 22 November 2019 containing the notice of EGM that they intend to vote against or to abstain from voting on any of the resolutions at the EGM.

Accordingly,

1. In respect of the resolution numbers 1 to 3 above, the total number of the Shares entitling the Shareholders (excluding Kingever and its associates) to attend and vote for or against the resolutions was 297,131,338 Shares.
2. In respect of the resolution number 4 above, the total number of the Shares entitling the Shareholders to attend and vote for or against the resolution was 388,000,000 Shares.

The Company's Hong Kong branch share registrar, Tricor Investor Services Limited, acted as scrutineer for the vote-taking at the EGM.

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APPOINTMENT OF NEW AUDITOR IN HONG KONG

The Board is pleased to announce that following the Shareholders' approval at the EGM, the appointment of KPMG as the new auditor of the Company in Hong Kong took effect from 17 December 2019 after the conclusion of the EGM and will hold office until the conclusion of the next annual general meeting of the Company.

By Order of the Board

Hengxin Technology Ltd.

Cui Wei

Chairman

Hong Kong, 17 December 2019

As at the date of this announcement, the executive Directors of the Company are Mr. Du Xiping and Mr. Xu Guoqiang; the non-executive Directors of the Company are Mr. Cui Wei and Ms. Zhang Zhong; and the independent non-executive Directors of the Company are Mr. Tam Chi Kwan Michael, Dr. Li Jun and Mr. Pu Hong.

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