Legend : Poll Results of First Extraordinary General Meeting of 2020 Appointment of Directors Change of Members of Committees under the Board Amendments to Articles of Association

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聯想控股股份有限公司

Legend Holdings Corporation

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

(Stock Code: 03396)

Poll Results of

First Extraordinary General Meeting of 2020

Appointment of Directors

Change of Members of Committees under the Board

Amendments to Articles of Association

The board of directors is pleased to announce that all the resolutions proposed at the first extraordinary general meeting (the "EGM") of 2020, held on February 13, 2020 were duly passed.

References are made to the notice of the EGM (the "Notice") and the circular to the shareholders of the Company (the "Circular") all dated December 27, 2019 which set out, among others, details of all the resolutions proposed at the EGM. Unless the context requires otherwise, all capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

POLL RESULTS OF THE EGM

The first EGM of 2020 of Legend Holdings Corporation (the "Company") was held at 2:30 p.m. on February 13, 2020 at B-17, Raycom Info Tech Park, No.2 Ke Xue Yuan South Road, Haidian District, Beijing, the PRC. The EGM was lawfully and validly held in compliance with the requirements of the Company Law of the PRC, the Listing Rules and the Articles of Association of the Company.

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The following resolutions were proposed at the EGM for consideration and voted by way of poll. The poll results were set out below:

		Number of shares voted (Approximate
	Ordinary Resolutions	percentage of the total number
	of shares voted at the meeting)
		For	Against	Abstain
1.	To approve the appointment of Mr. LI	1,972,937,974	2,795,043	0
	Peng (李蓬) as an executive director	(99.86%)	(0.14%)
	of the second session of the board of
	directors of the Company (the "Board"),
	with a term of office commencing from
	the date of passing of this resolution and
	ending on the conclusion of the annual
	general meeting at which the third session
	of the Board will be elected.
2.	To approve the appointment of Mr.	1,966,110,668	9,622,349	0
	WA N G Yu s u o ( 王玉鎖) a s a n o n -	(99.51%)	(0.49%)
	executive director of the second session
	of the Board, with a term of office
	commencing from the date of passing
	of this resolution and ending on the
	conclusion of the annual general meeting
	at which the third session of the Board
	will be elected.
3.	To approve the appointment of Mr. YIN	1,975,025,917	707,100	0
	Jian'an (印建安) as an independent non-	(99.96%)	(0.04%)
	executive director of the second session
	of the Board, with a term of office
	commencing from the date of passing
	of this resolution and ending on the
	conclusion of the annual general meeting
	at which the third session of the Board
	will be elected.

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		Number of shares voted (Approximate
	Special Resolutions	percentage of the total number
	of shares voted at the meeting)
		For	Against	Abstain
4.	To approve the amendments to the	1,961,583,577	14,149,440	0
	Articles of Association of Legend	(99.28%)	(0.72%)
	Holdings Corporation (the "Articles of
	Association") (for details, please refer
	to pages 16 to 38 of the circular to the
	shareholders dated December 27, 2019),
	and to approve the granting of authority
	to the Board, person(s) authorized by
	the Board and the secretary to the Board
	to arrange for the registration for and
	filing of the amendments to the Articles
	of Association with the industry and
	commerce administration and other
	relevant government authorities.
5.	To approve the granting of a general	1,969,096,609	6,636,408	0
	mandate to the Board to issue debt	(99.66%)	(0.34%)
	financing instruments with a total amount
	not exceeding RMB35 billion and to
	authorize the Board to deal with all
	matters in relation to the issuance of debt
	financing instruments with effect from
	the date of passing of the resolution and
	until the end of the date on which the
	annual general meeting will be held in
	2023 (for details, please refer to pages 10
	to 13 of the circular to the shareholders
	dated December 27, 2019).

As more than one-half of the number of shares voted in favour of each of the ordinary resolutions No. 1 to 3 above, these ordinary resolutions were duly passed. As more than two-thirds of the number of shares voted in favour of the special resolutions No. 4 to 5 above, these special resolutions were duly passed.

Notes:

1. As at the date of the EGM, the total number of issued Shares was 2,356,230,900 Shares, comprising 1,084,376,910 Domestic Shares and 1,271,853,990 H Shares respectively, and the Shareholders and proxies holding an aggregate of 1,975,733,017 Shares, representing approximately 83.85% of the total number of issued Shares, were present at the EGM.
2. The total number of Shares entitling the Shareholders to attend and vote on the resolutions proposed at the EGM was 2,356,230,900 Shares, representing 100% of the total number of issued Shares.

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1. There were no Shares entitling the holders thereof to attend and abstain from voting in favour of the resolutions proposed at the EGM as set out in Rule 13.40 of the Listing Rules, and no Shareholder was required under the Listing Rules to abstain from voting at the EGM. No Shareholder has stated his/her/its intention in the Circular to vote against or to abstain from voting on the resolutions proposed at the EGM.
2. Link Market Services (Hong Kong) Pty Limited, the H Share registrar of the Company, was appointed by the Company as the scrutineer for the poll voting at the EGM.

APPOINTMENT OF DIRECTORS

References are made to the announcement of the Company dated December 18, 2019 and the Circular dated December 27, 2019 which set out, among others, details of the proposed appointment of directors.

The following appointment has been duly approved by Shareholders by way of ordinary resolutions at the EGM, and has become effective on the conclusion of the EGM held on February 13, 2020:

1. Mr. LI Peng, the Chief Executive Officer of the Company, has been appointed as an executive director of the second session of the Board;
2. Mr. WANG Yusuo has been appointed as a non-executive director of the second session of the Board; and
3. Mr. YIN Jian'an has been appointed as an independent non-executive director of the second session of the Board.

Pursuant to the requirements of Rule 13.51(2) of the Listing Rules, the biographical details of the newly appointed directors are set out below:-

Mr. LI Peng ("Mr. LI"), aged 48, the Chief Executive Officer of the Company, joined the Company in 2003. As a member of the Executive Committee, Mr. LI has long engaged himself in the strategic investments business and post-investment management of the Company. At the preliminary phase of the Company's strategic investments business, he participated in the formulation and implementation of investment strategies, and was responsible for the investment in and management on diversified sectors, including the successful optimization of the Company's real estate business. The financial services business landscape is full-fledged under his leadership of financial services and overseas investments. He has also set up a team specialized in overseas investment. With his international perspective and professional knowledge, Mr. LI led his team and completed the acquisition of BIL, building a new pillar asset as an outstanding contribution to the healthy development and value enhancement of the Company. Mr. LI is also responsible for the domestic and overseas financing business of the Company. Mr. LI is currently a director of Lakala (listed on the Shenzhen Stock Exchange) and a non-executive director of Hospital Corporation of China Limited (listed on the Hong Kong Stock Exchange), and the Vice Chairman of BIL, a director of Zhengqi Financial and Kaola Technology, etc. Mr. LI acted in succession as General Manager of the Investment Management Department, Director of Strategic Investments, Assistant President, Vice President, and Senior Vice President of the Company.

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Mr. LI obtained his bachelor's degree in International Finance from the University of International Business and Economics (對外經濟貿易大學) and received a master's degree in Business Administration from the New Hampshire State University (新罕布什爾州立大學) in the United States. Previously to joining Legend Holdings, he served in Sinotrans (中國對外貿易運輸總公 司) and Teradyne Connection Systems.

As at the date of the announcement, Mr. LI holds 3,444,100 H shares of the Company (including 544,100 restricted shares granted under 2016 Restricted Share Incentive Plan, 1,000,000 restricted shares and 1,900,000 share options granted under 2019 Share Incentive Plan) (representing approximately 0.27% of the total issued H shares of the Company and 0.14% of the total issued shares of the Company), within the meaning of Part XV of the SFO.

Save as disclosed above, Mr. LI has confirmed that he (i) does not have any interests in the shares and underlying shares of the Company within the meaning of Part XV of the SFO; (ii) is not connected to any director, supervisor, senior management or substantial shareholder of the company; and (iii) has not held any directorship in any other listed company in the past three years. As at the date of the announcement, there is no other information relating to the appointment of Mr. LI that is required to be disclosed pursuant to any requirements of Rule 13.51(2) of the Listing Rules, nor any other matter relating to the appointment of Mr. LI that is required to be brought to the attention of the Shareholders.

Mr. WANG Yusuo ("Mr. WANG"), aged 56, has over 30 years of experience in investment and management of clean energy business in the PRC. Mr. WANG is currently the founder, the Chairman of the Board, an executive director and the Chairman of the Nomination Committee of ENN Energy Holdings Limited (listed on the Hong Kong Stock Exchange), the Chairman of ENN Ecological Holdings Co., Ltd. (listed on the Shanghai Stock Exchange) and a director of ENC Data Technology Co., Ltd (listed on the Shanghai Stock Exchange) where he served as the Chairman between December 2010 to May 2018 and a director of EGII. Mr. WANG obtained his

doctor's degree in Enterprise Management from Tianjing University of Finance and Economics (天 津財經大學) in 2007.

As at the date of the announcement, EGII, the controlled corporation of Mr. WANG, holds 54,090,000 H shares of the Company (representing approximately 4.25% of the total issued H shares of the Company and 2.29% of the total issued shares of the Company). Mr. WANG is deemed to hold 54,090,000 H Shares through EGII under the provisions of Divisions 2 and 3 of Part XV of the SFO.

Save as disclosed above, Mr. WANG has confirmed that he (i) does not have any interests in the shares and underlying shares of the Company within the meaning of Part XV of the SFO; (ii) is not connected to any director, supervisor, senior management or substantial shareholder of the Company; and (iii) has not held any directorship in any other listed company in the past three years. As at the date of the announcement, there is no other information relating to the appointment of Mr. WANG that is required to be disclosed pursuant to any requirements of Rule 13.51(2) of the Listing Rules, nor any other matter relating to the appointment of Mr. WANG that is required to be brought to the attention of the Shareholders.

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Mr. YIN Jian'an ("Mr. YIN"), aged 62, joined Xi'an Shaangu Power Co., Ltd. (listed on the Shanghai Stock Exchange) in May 2001 and served as the Chairman from May 2001 to August 2017. Mr. YIN served as the Chairman of Shaanxi Blower (Group) Co., Ltd. (陝西鼓風機(集團) 有限公司) from May 2001 to June 2017, as the Chairman of Shaanxi Qin Feng Gases Technology (陝西秦風氣體股份有限公司) from November 2012 to July 2015, as President of Shaangu Power and Automation Engineering Academy (陝鼓能源動力與自動化工程研究院) from August 2008 to August 2017. Mr. YIN obtained his doctor's degree and master's degree in Fluid Mechanics from Zhejiang University (浙江大學) in 2004 and 1992, respectively.

Mr. YIN has managed and participated in various fundamental research and development for state key projects, among which over 30 results of the technology projects were awarded, and achieved the second prize of National Science and Technology Progress Award twice. Two articles, namely "A High-end Operation and Management of System Integrator and Service Provider Transformed from Product Producer" (從產品製造商向系統集成商和服務商轉變的高端經營管理) and "Supply Chain Financing Service Management Led by Manufacturing Companies" (製造企業主 導的供應鏈融資服務管理), which were written by Mr. YIN, received the first prize of the 12th and 14th National Corporate Management Modernization and Innovation Achievements (企業管 理現代化創新成果) respectively.

Save as disclosed above, Mr. YIN has confirmed that he (i) does not have any interests in the shares and underlying shares of the Company within the meaning of Part XV of the SFO; (ii) is not connected to any director, supervisor, senior management or substantial shareholder of the Company; and (iii) has not held any directorship in any other listed company in the past three years. As at the date of the announcement, there is no other information relating to the appointment of Mr. YIN that is required to be disclosed pursuant to any requirements of Rule 13.51(2) of the Listing Rules, nor any other matter relating to the appointment of Mr. YIN that is required to be brought to the attention of the Shareholders.

Each of the aforesaid newly appointed directors will enter into a service contract with the Company, with a term of office commencing from February 13, 2020 and ending on the conclusion of the annual general meeting at which the third session of the Board will be elected. Shareholders have approved and authorized the Board (after taking into consideration the recommendations of the Remuneration Committee of the Board) to determine the remuneration of the directors of the second session of the Board at the 2017 annual general meeting. Therefore, the Board will determine the remuneration (if any) of the aforesaid newly appointed directors according to their duties and responsibilities, the business performance and the remuneration policy of the Company, the remuneration levels of comparable companies, the prevailing market conditions and with reference to the advice of the Remuneration Committee.

The Board would like to take this opportunity to welcome Mr. LI, Mr. WANG and Mr. YIN in joining the Board.

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CHANGE OF MEMBERS OF COMMITTEES UNDER THE BOARD

References are made to the announcement of the Company dated December 18, 2019 which set out, among others, details of the proposed appointment of directors, establishment of the Strategy Committee of the Board and change of members of committees under the Board.

.

The following change of members of committees under the Board has become effective on the conclusion of the EGM held on February 13, 2020:

1. Mr. WANG has been approved and appointed by the Board as a member of the Nomination Committee of the Company;
2. Mr. MA Weihua has resigned as the Chairman of the Remuneration Committee of the Company;
3. Mr. YIN has been approved and appointed by the Board as the Chairman of the Remuneration Committee and a member of the Nomination Committee of the Company; and
4. Mr. LI Peng, the Chief Executive Officer of the Company, has been approved and appointed by the Board as a member of the Strategy Committee of the Company.

AMENDMENTS TO ARTICLES OF ASSOCIATION

The amendments to the Articles of Association have been approved by way of a special resolution at the EGM and have become effective on February 13, 2020. Full text of the revised Articles of Association has been published on the websites of the Hong Kong Stock Exchange and the Company.

By order of the Board

Legend Holdings Corporation

NING Min

Chairman

Beijing, February 13, 2020

As at the date of this announcement, the Executive Directors of the Company are Mr. NING Min and Mr. LI Peng; the Non-executive Directors of the Company are Mr. ZHU Linan, Mr. ZHAO John Huan, Mr. WU Lebin, Mr. SUO Jishuan and Mr. WANG Yusuo; and the Independent Non- executive Directors of the Company are Mr. MA Weihua, Mr. ZHANG Xuebing, Ms. HAO Quan and Mr. YIN Jian'an.

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