Wanda Hotel Development : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 17 DECEMBER 2019

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萬 達 酒 店 發 展 有 限 公 司

WANDA HOTEL DEVELOPMENT COMPANY LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code : 169)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 17 DECEMBER 2019

The Board is pleased to announce that all of the proposed ordinary resolutions set out in the Notice of SGM dated 28 November 2019 were duly passed by the Shareholders by way of poll at the SGM held on 17 December 2019.

POLL 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 28 November 2019 (the "Circular").

The Board is pleased to announce that all of the proposed ordinary resolutions set out in the Notice of SGM of the Company dated 28 November 2019 were duly passed by the Shareholders by way of poll at the SGM held on 17 December 2019.

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

	ORDINARY RESOLUTIONS	No. of votes (%)	Total number
	FOR	AGAINST	of votes
1.	To approve the entering into by the	285,496,333	50,123,000	335,619,333
	Company of the Deed of Assignment	(85.07%)	(14.93%)
	of London Project Receivables dated
	18 October 2019 and the transactions
	contemplated thereunder.
2.	To approve the entering into by the	285,496,333	50,123,000	335,619,333
	Company of the Deed of Assignment	(85.07%)	(14.93%)
	of Australia Projects Receivables dated
	18 October 2019 and the transactions
	contemplated thereunder.
3.	To approve the entering into by	285,496,333	50,123,000	335,619,333
	the Company of the Hotel Design	(85.07%)	(14.93%)
	Framework Agreement dated 18 October
	2019 and the transactions contemplated
	thereunder.
4.	To approve the entering into by the	285,496,333	50,123,000	335,619,333
	Company of the Hotel Construction	(85.07%)	(14.93%)
	Management Framework Agreement
	d a t e d 1 8 O c t o b e r 2 0 1 9 a n d t h e
	transactions contemplated thereunder.

As more than 50% of the votes were cast in favour of each of the ordinary resolutions, all the proposed resolutions set out in the Notice of SGM 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) was held by Wanda Overseas. Wanda Overseas, being an associate of Wanda HK and Dalian Wanda Group, was required pursuant to the Listing Rules to abstain and had abstained from voting on all the resolutions at the SGM and accordingly, the total number of Shares held by the Independent Shareholders entitled to attend and vote at the SGM for or against all the resolutions was 1,642,303,388.

To the best of the Directors' knowledge, information and belief and 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 any 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 Circular to vote against the proposed resolutions or to abstain, and therefore, save as aforesaid, none have done so at the SGM.

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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, 17 December 2019

As at the date of this announcement, Mr. Ding Benxi (Chairman), Mr. Zhang Lin and Mr. Han Xu are the non-executive Directors; Mr. Ning Qifeng is the executive Director; and Mr. He Zhiping, Dr. Chen Yan and Dr. Teng Bing Sheng are the independent non-executive Directors.

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