Okura : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 20 NOVEMBER 2019

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Okura Holdings Limited

(Incorporated in Hong Kong with limited liability)

(Stock Code: 01655)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 20 NOVEMBER 2019

The Board is pleased to announce that all the Proposed Resolutions as set out in the AGM Notice were duly passed by the Shareholders by way of poll at the 2019 AGM.

Reference is made to the circular (the ''Circular'') of Okura Holdings Limited (the ''Company'') and the notice (the ''AGM Notice'') of the annual general meeting of the Company (the ''2019 AGM'') both dated 17 October 2019. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that all the proposed resolutions (the ''Proposed Resolutions'') as set out in the AGM Notice were duly passed by the Shareholders by way of poll at the 2019 AGM held on Wednesday, 20 November 2019.

As at the date of the 2019 AGM, there were 500,000,000 issued Shares entitling the Shareholders to attend and vote for or against the Proposed Resolutions at the 2019 AGM. There were no Shares entitling the Shareholders to attend and abstain from voting in favour of the Proposed Resolutions at the 2019 AGM pursuant to Rule 13.40 of the Listing Rules.

None of the Shareholders was required under the Listing Rules to abstain from voting on the Proposed Resolutions at the 2019 AGM. None of the Shareholders have stated in the Circular their intention to vote against or to abstain from voting on any of the Proposed Resolutions at the 2019 AGM.

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Tricor Investor Services Limited, the Company's Hong Kong Share Registrar, was appointed and acted as the scrutineer for the vote-taking at the 2019 AGM.

The poll results in respect of all the Proposed Resolutions put to the vote at the 2019 AGM are set out as follows:

		Ordinary resolutions	Number of votes
			(Approximate %)(Note)
			For	Against
1.	To receive and adopt the audited consolidated financial	401,530,156	0
	statements and the reports of the Directors and	(100.00%)	(0.00%)
	independent auditor of the Company for the year
	ended 30 June 2019.
2.	(i)	To re-elect Mr. Fumihide Hamada as an executive	401,530,156	0
		Director.	(100.00%)	(0.00%)
	(ii)	To re-elect Mr. Yutaka Kagawa as an executive	401,530,156	0
		Director.	(100.00%)	(0.00%)
	(iii)	To re-elect Mr. Toshiro Oe as an executive	401,530,156	0
		Director.	(100.00%)	(0.00%)
	(iv)	To re-elect Mr. Yuji Matsuzaki as an independent	401,530,156	0
		non-executive Director.	(100.00%)	(0.00%)
3.	To authorise the Board to fix the Directors'	401,530,156	0
	remuneration for the year ending 30 June 2020.	(100.00%)	(0.00%)
4.	To re-appoint PricewaterhouseCoopers as the	401,530,156	0
	independent auditor of the Company for the ensuing	(100.00%)	(0.00%)
	year and authorise the Board to fix its remuneration.
5.	To grant a general mandate to the Directors to allot,	401,525,156	5,000
	issue and otherwise deal with the Shares.	(99.99%)	(0.01%)
6.	To grant a general mandate to the Directors to	401,530,156	0
	repurchase the Shares.	(100.00%)	(0.00%)
7.	Conditional upon the passing of resolution nos. 5 and 6	401,530,156	0
	set out in the AGM Notice, to extend the general	(100.00%)	(0.00%)
	mandate granted by resolution no. 5 by adding thereto
	the Shares repurchased pursuant to the general mandate
	granted by resolution no. 6.

• For the full text of all the Proposed Resolutions, please refer to the AGM Notice as contained in the Circular.

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Note: The number of votes and the approximate percentage of the votes as stated above are based on the total number of issued Shares held by the Shareholders who attended and voted at the 2019 AGM in person, by authorised representative or by proxy.

As more than 50% of the votes were cast in favour of each of the Proposed Resolutions, all of them were duly passed as ordinary resolutions of the Company.

For and on behalf of the Board

Okura Holdings Limited

Katsuya YAMAMOTO

Chief Executive Officer, Executive Director and

Chairman of the Board

Hong Kong, 20 November 2019

As at the date of this announcement, the Board comprises seven Directors, of which (i) four are executive Directors, namely Mr. Katsuya YAMAMOTO, Mr. Fumihide HAMADA, Mr. Yutaka KAGAWA and Mr. Toshiro OE; and (ii) three are independent non-executive Directors, namely Mr. Mitsuru ISHII, Mr. Yuji MATSUZAKI and Mr. Kazuyuki

YOSHIDA.

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