Pacific Online : 2019-05-20 POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 17 MAY 2019

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PACIFIC ONLINE LIMITED

太 平 洋 網 絡 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 543)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 17 MAY 2019

The Board is pleased to announce that all the resolutions proposed at the AGM held on 17 May 2019 were duly passed.

The board of directors (the ''Board'') of Pacific Online Limited (the ''Company'') is pleased to announce the poll results of the annual general meeting of the Company held on 17 May 2019 (the ''AGM'') as follows:

		Number of Votes
	Ordinary Resolutions	(Approximate %) (Note (a))
		For	Against
1.	To consider and receive the audited	641,063,022	720,720
	consolidated financial statements of the	(99.89%)	(0.11%)
	Company and the reports of the directors
	and auditor for the year ended 31 December
	2018.
2.	To declare a final dividend of RMB13.62 cents	641,137,022	720,720
	per share for the year ended 31 December	(99.89%)	(0.11%)
	2018.
3.	To re-elect Mr. Wang Ta-Hsing as an	640,986,022	871,720
	executive director of the Company.	(99.86%)	(0.14%)
4.	To re-elect Mr. Tsui Yiu Wa, Alec as an	634,890,689	6,967,053
	independent non-executive director of the	(98.91%)	(1.09%)
	Company.

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		Number of Votes
	Ordinary Resolutions	(Approximate %) (Note (a))
		For	Against
5.	To re-elect Mr. Lam Wai Hon, Ambrose as an	641,089,022	768,720
	independent non-executive director of the	(99.88%)	(0.12%)
	Company.
6.	To authorize the Board to fix the respective	641,137,022	720,720
	directors' remuneration.	(99.89%)	(0.11%)
7.	To re-appoint Messrs PricewaterhouseCoopers	641,137,022	720,720
	as auditor of the Company and to authorize	(99.89%)	(0.11%)
	the Board to fix auditor's remuneration.
8.	To give a general mandate to the directors of	641,137,022	720,720
	the Company to purchase the Company's	(99.89%)	(0.11%)
	shares not exceeding 10% of the total
	number of issued shares of the Company as
	at the date of passing of this resolution.
9.	To give a general mandate to the directors of	633,339,407	8,518,335
	the Company to issue, allot and deal with	(98.67%)	(1.33%)
	additional shares of the Company not
	exceeding 20% of the total number of issued
	shares of the Company as at the date of
	passing of this resolution.
10.	Conditional upon the passing of resolutions	633,683,407	8,174,335
	nos. 8 and 9, to extend the general mandate	(98.73%)	(1.27%)
	granted to the directors of the Company to
	issue, allot and deal with additional shares of
	the Company by the total number of shares
	repurchased by the Company.

Notes:

(a)The number and percentage of votes are based on the total number of shares of the Company voted by the shareholders of the Company at the AGM in person or by proxy.

(b)As a majority of the votes were cast in favour of each of the resolutions nos. 1 to 10, all such ordinary resolutions were duly passed.

(c)The total number of shares of the Company in issue as at the date of AGM: 1,134,055,667 shares.

(d)The total number of shares of the Company entitling the holder to attend and vote on the resolutions at the AGM: 1,134,055,667 shares.

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(e)The total number of shares of the Company entitling the holder to attend and abstain from voting in favour of the resolutions at the AGM (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'')): Nil.

(f)The total number of shares of the Company that are required under the Listing Rules to abstain from voting at the AGM: Nil.

(g)None of the shareholders of the Company have stated their intention in the Company's circular dated 11 April 2019 to vote against or to abstain from voting on any of the resolutions at the AGM.

(h)The Company's Branch Share Registrar in Hong Kong, Tricor Investor Services Limited, acted as the scrutineer for the vote-taking at the AGM.

(i)In relation to the above resolution no. 2, the translation of Renminbi (''RMB'') into Hong Kong dollars (''HK$'') for the purpose of dividend payment in HK$ is made at the rate of HK$1.00 = RMB0.87724, which is the official exchange rate as announced by the People's Bank of China on 17 May 2019. The dividend will be paid on 6 June 2019 to the shareholders whose names appear on the register of members of the Company on 28 May 2019.

By Order of the Board

Pacific Online Limited

Lam Wai Yan

Chairman

Hong Kong, 17 May 2019

As at the date of this announcement, the Board comprises 3 executive directors, namely, Dr. Lam Wai Yan, Mr. Ho Kam Wah and Mr. Wang Ta-Hsing; and 3 independent non-executive directors, namely, Mr. Tsui Yiu Wa, Alec, Mr. Thaddeus Thomas Beczak and Mr. Lam Wai Hon, Ambrose.

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