PYI : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 26 MARCH 2021

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PYI Corporation Limited

(Incorporated in Bermuda with limited liability)

(Stock Code: 498)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 26 MARCH 2021

Reference is made to the announcement of PYI Corporation Limited (the "Company") dated 16 February 2021 and the circular of the Company dated 3 March 2021 (the "Circular") in relation to the Proposed Change of Company Name, termination of the Share Financing Plan, the proposed re-election of the Retiring Directors and the granting of authorisation to the Board to fix and vary the remuneration of the Directors. Unless otherwise specified, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

POLL RESULTS OF THE SGM

The Board is pleased to announce that all resolutions (the "Resolutions") as set out in the notice of the SGM dated 3 March 2021 (the "Notice") were duly passed by the Shareholders by way of a poll at the SGM held on 26 March 2021. The Company's branch share registrar and transfer office in Hong Kong, Tricor Secretaries Limited, acted as the scrutineer at the SGM for the purpose of vote-taking. The poll results of the Resolutions are as follows:

Special ResolutionNumber of votes cast (approximate percentage of total number of votes cast)

1. To approve the Proposed Change of 495,767,681

ForAgainstTotal number of votes cast

Company Name.

495,767,281 (99.99%)

400 (0.01%)

(100%)As not less than three-fourths of the votes were cast in favour of the above resolution, the above resolution was duly passed as a special resolution of the Company.

Ordinary Resolutions	Number of votes cast (approximate percentage of total number of votes cast)	Total number of votes cast
For	Against
2.	To approve the termination of the Share Financing Plan.	495,767,281 (99.99%)	400 (0.01%)	495,767,681 (100%)
3.	(i)To re-elect Mr. Marc Andreas Tschirner as an executive Director.	495,704,481 (99.99%)	63,200 (0.01%)	495,767,681 (100%)
(ii) To re-elect Mr. Au Wai June as an executive Director.	495,704,481 (99.99%)	63,200 (0.01%)	495,767,681 (100%)
(iii) To re-elect Mr. Kwong Kai Sing, Benny as a non-executive Director.	495,767,281 (99.99%)	400 (0.01%)	495,767,681 (100%)
(iv) To re-elect Mr. Ma Ka Ki as an independent non-executive Director.	495,704,481 (99.99%)	63,200 (0.01%)	495,767,681 (100%)
(v) To re-elect Mr. William Nicholas Giles as an independent non-executive Director.	495,704,481 (99.99%)	63,200 (0.01%)	495,767,681 (100%)
4.	(i)To remove the Directors' fee cap in an aggregate amount of not exceeding HK$4,000,000 per annum as previously approved by the shareholders at the 2020 AGM.	495,767,281 (99.99%)	400 (0.01%)	495,767,681 (100%)
(ii) To authorise the Board to fix and vary the remuneration of the Directors from time to time.	495,767,281 (99.99%)	400 (0.01%)	495,767,681 (100%)
As more than 50% of the votes were cast in favour of each of the above resolutions, all the above resolutions were duly passed as ordinary resolutions.

Note:

Please refer to the Notice for the full text of the Resolutions.

As at the date of the SGM, the total number of Shares in issue was 1,103,916,114 which was the total number of Shares entitling the holders to attend and vote for or against the Resolutions. No Shareholders was required under the Listing Rules to abstain from voting on the Resolutions at the SGM. Also, no parties had indicated in the Circular of their intention to vote against or to abstain from voting on the Resolutions at the SGM.

No Shareholder was entitled to attend and was required to abstain from voting on the Resolutions or voting only against the Resolutions at the SGM pursuant to Rule 13.40 of the Listing Rules.

By Order of the Board PYI Corporation Limited

Ho Sze Nga Maggie Company Secretary

Hong Kong, 26 March 2021

As at the date of this announcement, the Board comprises the following Directors:

Executive Directors:	Non-Executive Director:
Mr. Lau Tom Ko Yuen	Mr. Kwong Kai Sing, Benny
(Chairman)
Mr. Marc Andreas Tschirner	Independent Non-Executive Directors:
(Managing Director)	Mr. Ma Ka Ki
Mr. Au Wai June	Mr. William Nicholas Giles
Mr. Leung Chung Ki
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