Old Chang Kee : The Results Of Annual General Meeting Held On 26 July 2017

OLD CHANG KEE LTD

(Incorporated in the Republic of Singapore) (Company Registration Number 200416190W)

ANNOUNCEMENT ON THE RESULTS OF ANNUAL GENERAL MEETING HELD ON 26 JULY 2017

The Board of Directors of Old Chang Kee Ltd. (the "Company") is pleased to announce, pursuant to Rule 704(15) of the Listing Manual (Section B: Rules of Catalist) of the Singapore Exchange Securities Trading Limited ("Catalist Rules"), that at the Annual General Meeting ("AGM") of the Company held on 26 July 2017, all resolutions set out in the Notice of AGM dated 11 July 2017, and put to vote at the AGM, were duly passed on a poll vote.

1. Breakdown of valid votes cast

   The results of the poll on each of the resolutions put to the vote at the AGM are set out below for information:

   Resolution number and details	Total number of shares represented by votes for and against the relevant resolution	FOR		AGAINST
   		Number of Shares	As a percentage of total number of votes for and against the resolution (%)	Number of Shares	As a percentage of total number of votes for and against the resolution (%)
   Ordinary Business
   Resolution 1: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 March 2017	79,818,900	79,818,900	100.00	0	0.00
   Resolution 2: To approve the payment of a final tax-exempt (one-tier) dividend of 1.5 Singapore cents per ordinary share for the financial year ended 31 March 2017	79,819,000	79,819,000	100.00	0	0.00
   Resolution 3: To approve the payment of Directors' fees of S$164,000/- for the financial year ending 31 March 2018 (payable quarterly in arrears)	79,819,000	79,819,000	100.00	0	0.00

   Resolution number and details	Total number of shares represented by votes for and against the relevant resolution	FOR		AGAINST
   		Number of Shares	As a percentage of total number of votes for and against the resolution (%)	Number of Shares	As a percentage of total number of votes for and against the resolution (%)
   Resolution 4 To re-elect Mr. Ong Chin Lin as a Director of the Company	79,819,000	79,819,000	100.00	0	0.00
   Resolution 5 To re-elect Mr. Zainudin Bin Nordin as a Director of the Company	79,819,500	79,790,700	99.96	28,800	0.04
   Resolution 6: To re-appoint Ernst & Young LLP as Auditors of the Company and to authorise the Directors to fix their remuneration	79,819,000	79,819,000	100.00	0	0.00
   Special Business
   Resolution 7: To approve the proposed renewal of Share Buyback Mandate	79,819,000	79,819,000	100.00	0	0.00
   Resolution 8: To approve the proposed Share Issue Mandate	79,819,000	79,594,200	99.72	224,800	0.28
   Resolution 9: To approve the authority to grant awards and to allot and issue shares in accordance with the Old Chang Kee Performance Share Scheme (the "Scheme")	79,819,500	79,819,500	100.00	0	0.00

2. Details of parties who are required to abstain from voting on any resolution(s), including the number of shares held and the individual resolution(s) on which they are required to abstain from voting

   No party was required to abstain from voting on any of the above resolutions at the AGM.

3. Name of firm and/or person appointed as scrutineer

   Ardent Business Advisory Pte Ltd was appointed as scrutineer at the AGM.

4. Re-election of Directors

Upon re-election as a Director of the Company at the AGM, Mr. Ong Chin Lin remains as the Lead Independent Director, Chairman of the Audit Committee and a member of the Remuneration Committee and Nominating Committee. Mr. Ong Chin Lin is considered independent for the purpose of Rule 704(7) of the Catalist Rules.

Upon re-election as a Director of the Company at the AGM, Mr. Zainudin Bin Nordin remains as an Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee. Mr. Zainudin Bin Nordin is considered independent for the purpose of Rule 704(7) of the Catalist Rules.

For and on behalf of the Company Name: Lim Tao-E William Designation: Chief Executive Officer

Date: 26 July 2017

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Jennifer Tan, Senior Manager, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: [e-mail]).