Red Star Macalline : POLL RESULTS OF THE 2020 THIRD EXTRAORDINARY GENERAL MEETING HELD ON 11 SEPTEMBER 2020

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Red Star Macalline Group Corporation Ltd.

紅星美凱龍家居集團股份有限公司

(A sino-foreign joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1528)

POLL RESULTS OF THE 2020 THIRD EXTRAORDINARY GENERAL MEETING HELD ON 11 SEPTEMBER 2020

Red Star Macalline Group Corporation Ltd. (the "Company") announces that, at the 2020 third extraordinary general meeting of the Company (the "EGM") held at Conference Center, 3/F, South Building, Block B, Red Star Macalline Headquarters, Lane 1466, Shenchang Road, Minhang District, Shanghai, the People's Republic of China (the "PRC") at 2:00 p.m. on Friday, 11 September 2020, all the proposed resolutions set out in the notice of the EGM were passed by way of poll. For details of the resolutions considered at the EGM, the Shareholders may refer to the notice of the EGM dated 21 August 2020 and the circular of the EGM dated 21 August 2020 (the "Circular"). Unless otherwise defined in this announcement, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

As at the date of the EGM, the total number of Shares is 3,905,000,000 Shares (including 3,163,714,366 A Shares and 741,285,634 H Shares). No Shareholder was required to abstain from voting on the resolutions under the Listing Rules. There was no Share entitling the holder to attend the meeting and abstain from voting in favour of the resolutions under Rule 13.40 of the Listing Rules. None of the Shareholders have stated their intention in the Circular to vote against or to abstain from voting on any of the resolutions proposed at the EGM. Computershare Hong Kong Investor Services Limited, the H Share registrar of the Company, acted as the scrutineer for vote- taking at the EGM. The convening of the EGM was in compliance with the Company Law and the Articles of Association.

1. CONVENING OF THE MEETING
2. 1. EGM
      The total number of Shares entitling the holders to attend and vote on the resolutions at the EGM was 3,905,000,000 Shares. The total number of Shares with voting rights represented by the Shareholders attending the EGM in person or by proxy was 2,938,433,781 Shares, representing approximately 75.247984% of the total number of Shares.

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II. POLL RESULTS OF THE EGM

The poll results in respect of the respective resolutions at the EGM are set out below:

NO.	SPECIAL RESOLUTIONS	NUMBER OF VOTES (%)
FOR	AGAINST	ABSTAIN
(1)	Resolution on the amendments to the Articles	2,935,322,494	3,111,287	0
	of Association of Red Star Macalline Group	(99.894118%)	(0.105882%)	(0%)
	Corporation Ltd.;
(2)	Resolution on the amendments to the Procedural	2,935,322,494	3,111,287	0
	Rules of the General Meetings of Red Star	(99.894118%)	(0.105882%)	(0%)
	Macalline Group Corporation Ltd.; and
(3)	Resolution on the amendments to the Procedural	2,935,322,494	3,111,287	0
	Rules of the Board of Directors of Red Star	(99.894118%)	(0.105882%)	(0%)
	Macalline Group Corporation Ltd.

As more than two-thirds of the votes from the Shareholders (including their proxies) attending the EGM were cast in favour of the resolutions numbered (1) to (3), these resolutions were duly passed as special resolutions.

By Order of the Board

Red Star Macalline Group Corporation Ltd.

GUO Binghe

Vice Chairman

Shanghai, the PRC

11 September 2020

As at the date of this announcement, the executive Directors of the Company are CHE Jianxing, GUO Binghe, CHE Jianfang and JIANG Xiaozhong; the non-executive Directors are CHEN Shuhong, XU Guofeng, JING Jie and XU Hong; and the independent non-executive Directors are QIAN Shizheng, LEE Kwan Hung, Eddie, WANG Xiao and ZHAO Chongyi.

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