Paladin : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 9 DECEMBER 2019

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

PALADIN LIMITED

(Incorporated in Bermuda with limited liability)

(Stock code: 495)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 9 DECEMBER 2019

The Board is pleased to announce that all the resolutions set out in the AGM Notice were duly passed by way of poll at the AGM held on 9 December 2019.

Reference is made to the annual general meeting circular (the "Circular") and the notice of annual general meeting (the "AGM Notice") both dated 30 October 2019 issued by Paladin Limited (the "Company"). Terms used in this announcement shall have the same meanings as those defined in the Circular unless the context requires otherwise.

POLL RESULTS OF THE ANNUAL GENERAL MEETING

At the annual general meeting ("AGM") held at Board Room, Hong Kong Gold Coast Hotel, 1 Castle Peak Road, Castle Peak Bay, Tuen Mun, Hong Kong on 9 December 2019 at 11:00 a.m., all the resolutions (the "AGM Resolutions") set out in the AGM Notice were duly approved by the Shareholders by way of poll. The Board is pleased to announce the poll results in respect of the AGM Resolutions as follows:

1

		Ordinary Resolutions	Number of Votes (%)	Total Votes
	FOR	AGAINST
1.	To receive and consider the financial	910,296,904	60,633,255	970,930,159
	statements and the reports of the	93.76%	6.24%
	Directors and the Auditors for the
	year ended 30 June 2019.
2.	a	To re-elect Dr. Oung Shih Hua,	910,296,904	60,633,255	970,930,159
		James as executive director.	93.76%	6.24%
	b	To re-elect Mr. Luo Rongxuan	910,296,904	60,633,255	970,930,159
		as independent non-executive	93.76%	6.24%
		director.
3.	To fix the Directors' remuneration.	910,296,904	60,633,255	970,930,159
			93.76%	6.24%
4.	To appoint RSM Hong Kong as	910,296,904	60,633,255	970,930,159
	Auditors for the ensuing year and to	93.76%	6.24%
	authorize the Directors to fix their
	remuneration.
5.	To grant a general mandate to the	910,296,904	60,633,255	970,930,159
	Directors to allot and issue new	93.76%	6.24%
	Shares of the Company.
6.	To grant a general mandate to the	910,296,904	60,633,255	970,930,159
	Directors to repurchase shares of the	93.76%	6.24%
	Company.
7.	To extend the general mandate	910,296,904	60,633,255	970,930,159
	to allot and issue new Shares by	93.76%	6.24%
	adding the Shares repurchased by the
	Company.

The full text of the AGM Resolutions is set out in the AGM Notice.

As a majority of the votes were cast in favour of the AGM Resolutions, the AGM Resolutions were duly passed as ordinary resolutions of the Company.

2

As at the date of the AGM, the total number of issued ordinary shares of the Company was 1,438,727,549 shares. There was no share entitling the holder to attend and vote only against the AGM Resolutions at the AGM. No Shareholder is required to abstain from voting in respect of the AGM Resolutions. The total number of shares entitling the holders to attend and vote for or against the AGM Resolutions at the AGM is 1,438,727,549 shares.

Computershare Hong Kong Investor Services Limited, the share registrar of the Company, was appointed as the scrutineer for the vote taking.

By order of the Board

Paladin Limited

Oung Shih Hua, James

Chairman

Hong Kong, 9 December 2019

As at the date of this announcement, the executive director of the Company is Dr. Oung Shih Hua, James; the non-executive directors are Mr. Chan Chi Ho and Mr. Yuen Chi Wah; and the independent non-executive directors of the Company are Dr. Au Chik Lam Alexander, Mr. Liu Man Kin Dickson and Mr. Luo Rongxuan.

3