Hengli Commercial Properties : Announcements and Notices - Poll Results of the SGM Held on 8 December 2017

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WANDA HOTEL DEVELOPMENT COMPANY LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code : 169)

POLL RESULTS OF THE SGM HELD ON 8 DECEMbER 2017

The Board is pleased to announce that all of the proposed ordinary resolutions set out in the SGM notice dated 15 November 2017 and the supplemental SGM notice dated 21 November 2017 were duly passed by the Shareholders by way of poll at the SGM held on 8 December 2017.

RESULTS OF THE SGM

Unless otherwise mentioned herein, capitalised terms used herein shall have the same meanings as ascribed to them in the circular of Wanda Hotel Development Company Limited (the "Company") dated 15 November 2017 and the supplemental circular of the Company dated 21 November 2017.

The Board is pleased to announce that all of the proposed ordinary resolutions set out in the SGM notice of the Company dated 15 November 2017 and the supplemental SGM notice of the Company dated 21 November 2017 were duly passed by the Shareholders by way of poll at the SGM held on 8 December 2017.

Details of the poll results in respect of all of the proposed resolutions at the SGM are as follows:

ORDINARY RESOLUTIONSNo. of votes (%)FOR

1.(a) the entry into by the Company of the

Sale and Purchase Agreement dated 26 September 2017 (a copy of which has been produced to the meeting and initialled by the chairman of the meeting for the purposes of identification) and the transactions contemplated thereunder be and are hereby approved (terms defined in the circular of the Company dated 15 November 2017 having the same meanings when used in this resolution); and

(b) any one or more of the Directors be and is/are hereby generally and unconditionally authorized to do all such acts and things, to sign and execute all such documents for and on behalf of the Company by hand, or in the case of execution of documents under seal, to do so jointly with any one of a second Director, a person duly appointed by the Board or the secretary of the Company, and to take such steps as he/she may in his/ her absolute discretion considers necessary, appropriate, desirable or expedient to give effect to or in connection with the Sale and Purchase Agreement and the transactions contemplated thereunder (terms defined in the circular of the Company dated 15 November 2017 having the same meanings when used in this resolution).

457,593,693 97.93%

AGAINSTTotal numberof votes

9,692,000 2.07%

467,285,693

ORDINARY RESOLUTIONS		No. of votes (%)		Total number of votes
		FOR	AGAINST
2.	To re-elect Mr. Ning Qifeng as an executive Director.	3,512,636,793 99.72%	9,692,000 0.28%	3,522,328,793
3.	To re-elect Mr. Zhang Lin as a non-executive Director.	3,512,636,793 99.72%	9,692,000 0.28%	3,522,328,793
4.	To re-elect Mr. Hui Yung, Chris, as a non-executive Director.	3,512,636,793 99.72%	9,692,000 0.28%	3,522,328,793
5.	To authorize the Board of the Company to fix the remuneration of the Directors.	3,512,635,793 99.72%	9,692,000 0.28%	3,522,327,793

As more than 50% of the votes were cast in favour of each of the above ordinary resolutions, all the proposed resolutions set out the SGM notice of the Company dated 15 November 2017 and the supplemental SGM notice of the Company dated 21 November 2017 were duly passed.

As at the date of the SGM, the total number of Shares issued was 4,697,346,488, of which 3,055,043,100 Shares (representing approximately 65.04% of the issued share capital of the Company) were held by Wanda Overseas. Wanda Overseas, being an associate of Wanda HK, was required pursuant to the Listing Rules to abstain and had abstained from voting at the SGM on resolution numbered 1 and accordingly, the total number of Shares held by the Independent Shareholders entitled to attend and vote at the SGM for or against the resolution numbered 1 was 1,642,303,388. There were no restrictions on any Shareholders to cast votes on any of the other resolutions at the SGM and therefore, the total number of Shares held by the Shareholders entitled to attend and vote at the SGM for or against the resolutions numbered 2 to 5 was 4,697,346,488.

To the best of the Directors' knowledge, information and belief, having made all reasonable enquiries and save as disclosed above, there were no Shares entitling the Shareholders to attend and abstain from voting in favour of the resolutions at the SGM as set out in Rule 13.40 of the Listing Rules and there were no other Shareholders who were required under the Listing Rules to abstain from voting at the SGM. Save as aforesaid, no parties had stated their intention in the Company's circular dated 15 November 2017 and the supplemental circular dated 21 November 2017 to vote against the proposed resolutions or to abstain, and therefore, save as aforesaid, none have done so at the SGM.

The Company's Hong Kong branch share registrar, Tricor Standard Limited, was appointed by the Company and acted as the scrutineer for the vote-taking at the SGM.

By order of the Board

Wanda Hotel Development Company Limited

Ding benxi

Chairman

Hong Kong, 8 December 2017

As at the date of this announcement, Mr. Ding Benxi (Chairman), Mr. Zhang Lin and Mr. Hui Yung, Chirs are the non-executive Directors; Mr. Ning Qifeng is the executive Director; and Mr. Liu Jipeng, Dr. Xue Yunkui and Mr. Zhang Huaqiao are the independent non-executive Directors.