Tokyo Chuo Auction : POLL RESULTS OF ANNUAL GENERAL MEETING

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.

(Incorporated in Hong Kong with limited liability)

(Stock code: 1939)

POLL RESULTS OF ANNUAL GENERAL MEETING

The Board is pleased to announce that all the resolutions were duly passed as ordinary resolutions by the Shareholders by way of poll at the AGM.

Reference is made to the circular (the ''Circular'') of Tokyo Chuo Auction Holdings Limited (the ''Company'') dated 24 July 2020. Capitalised terms used herein have the same meanings as those defined in the Circular unless otherwise stated.

The Board is pleased to announce that the below resolutions were duly passed as ordinary resolutions by way of poll by the Shareholders at the Annual General Meeting held on 18 September 2020 (''AGM'').

- 1 -

The voting results in respect of the resolutions at the AGM were as follows:

		Ordinary resolutions	Number of votes (%) (Note (a))
		FOR	AGAINST
1	To receive and approve the audited consolidated	385,417,878	0
	financial statements of the Company and its	(100.00%)	(0.00%)
	subsidiaries and the reports of the directors of the
	Company (the ''Directors'') and auditors of the
	Company for the year ended 31 March 2020
2	To declare a final dividend for the year ended 31	385,417,878	0
	March 2020 of HK1.0 cent per share of the	(100.00%)	(0.00%)
	Company
3	(a)(i)	To re-elect Mrs. Ando Eri as a Director	385,417,878	0
			(100.00%)	(0.00%)
	(a)(ii)	To re-elect Mr. Chung Kwok Mo John as a	385,417,878	0
		Director	(100.00%)	(0.00%)
	(a)(iii)	To re-elect Mr. Chun Chi Man as a	385,417,878	0
		Director	(100.00%)	(0.00%)
	(b) To authorise the board of Directors to fix the	385,417,878	0
	Directors' remuneration	(100.00%)	(0.00%)
4	To re-appoint PricewaterhouseCoopers as the	385,417,878	0
	auditors of the Company and authorise the board	(100.00%)	(0.00%)
	of Directors to fix their remuneration
5	To grant a general mandate to the Directors to	379,662,478	5,755,400
	issue, allot and deal with additional shares of the	(98.51%)	(1.49%)
	Company
6	To grant a general mandate to the Directors to	385,417,878	0
	repurchase the shares of the Company	(100.00%)	(0.00%)
7	To extend the general mandate to issue, allot and	379,662,478	5,755,400
	deal with additional shares of the Company by	(98.51%)	(1.49%)
	adding the aggregate number of the repurchase
	shares

- 2 -

Tricor Investor Services Limited, the Company's share registrar, was appointed as the scrutineer for vote-taking at the AGM.

Notes:

1. 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.
2. As all or majority of the votes were cast in favour of each of the resolutions nos. 1 to 7, all such ordinary resolutions were duly passed.
3. The total number of shares of the Company in issue as at the date of AGM: 500,000,000 shares.
4. The total number of shares of the Company entitling the holder to attend and vote on the resolutions at the AGM: 500,000,000 shares.
5. 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.
6. The total number of shares of the Company that are required under the Listing Rules to abstain from voting at the AGM: Nil
7. None of the shareholders of the Company have stated their intention in the Company's circular dated 24 July 2020 to vote against or to abstain from voting on any of the resolutions at the AGM.

By order of the Board

Tokyo Chuo Auction Holdings Limited

東京中央拍賣控股有限公司

Ando Shokei

Chairman

Hong Kong, 18 September 2020

As at the date of this announcement, the executive Directors are Mr. Ando Shokei, Mrs. Ando Eri, Mr. Katsu Bunkai and Mr. Sun Hongyue; and the independent non-executive Directors are Mr. Chung Kwok Mo John, Ms. Lam Suk Ling Shirley and Mr. Chun Chi Man.

- 3 -