Madison Wine : POLL RESULT OF EXTRAORDINARY GENERAL MEETING HELD ON 27 JULY 2017 FOR THE MAJOR AND CONNECTED TRANSACTIONS

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POLL RESULT OF EXTRAORDINARY GENERAL MEETING HELD ON 27 JULY 2017 FOR THE MAJOR AND CONNECTED TRANSACTIONS

The Resolutions as set out in the notice of EGM dated 30 June 2017 were duly passed by the Independent Shareholders at the EGM held on 27 July 2017 by way of poll.

References are made to the circular of the Company dated 30 June 2017 (the "Circular") and the proposed ordinary resolutions (the "Resolutions") set out in the notice of the EGM dated 30 June 2017. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

POLL RESULT OF THE EGM

The Company is pleased to announce that the Resolutions proposed at the EGM were duly passed by the Independent Shareholders attending and voting at the EGM by way of poll.

As at the EGM date, there were a total of 4,000,000,000 Shares in issue. Mr. Ting and his associates, who were, directly or indirectly, in aggregate, interested in 1,968,000,000 Shares, had abstained from voting in relation to the Resolutions. Save as disclosed above, no other Shareholders were required to abstain from voting for or against the Resolutions. Accordingly, the number of Shares entitling the Independent Shareholders to vote on the Resolutions at the EGM was 2,032,000,000 Shares.

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

Set out below is the poll result in respect of the Resolutions put to vote at the EGM:

Resolutions	Number of votes (Approximate %)
	For	Against
1. To approve the Acquisition Agreement and the transactions contemplated thereunder.	1,339,092,209 (99.13%)	11,700,932 (0.87%)
2. To approve the Subscription Agreement and the transactions contemplated thereunder, including but not limited to the issue of the Convertible Bonds and the allotment and issue of the Conversion Shares	1,339,092,209 (99.13%)	11,700,932 (0.87%)

As more than 50% of the votes were cast in favour of the above Resolutions, the Resolutions were duly passed by the Independent Shareholders at the EGM.

By order of the Board

Madison Wine Holdings Limited Ting Pang Wan Raymond Chairman and executive Director

Hong Kong, 27 July 2017

As at the date of this announcement, the executive Directors are Mr. Ting Pang Wan Raymond and Mr. Zhu Qin; non-executive Director is Mr. Kao Sheng-Chi; and the independent non-executive Directors are Ms. Fan Wei, Mr. Chu Kin Wang Peleus and Mr. Ip Cho Yin, J.P..

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM website at www.hkgem.com for at least 7 days from the date of its posting and on the website of the Company at www.madison-wine.com.