Wang On Properties : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 24 AUGUST 2020

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POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 24 AUGUST 2020

The Board is pleased to announce that all proposed ordinary resolutions set out in the AGM Notice were duly passed by the Shareholders at the AGM held on 24 August 2020 by way of poll.

Reference is made to the circular of Wang On Properties Limited (the "Company") dated 24 July 2020 (the "Circular") containing the notice dated 24 July 2020 (the "AGM Notice") convening the annual general meeting of the Company (the "AGM") held on 24 August 2020. Capitalised terms used in this announcement have the same meanings as defined in the Circular unless otherwise defined.

Poll Results of the AGM

The Board is pleased to announce that all proposed ordinary resolutions set out in the AGM Notice were duly passed by the Shareholders at the AGM held on 24 August 2020 by way of poll and the poll results are as follows:

	Number of the Shares
Ordinary resolutions set forth in the AGM Notice	(Approximate %)
	For	Against
1. To receive, consider and adopt the audited consolidated	11,973,730,665	0
financial statements and the report of the directors and	(100%)	(0%)
the independent auditor's report of the Company for the
financial year ended 31 March 2020.
2. To consider, approve and declare a final dividend of	11,986,598,665	0
HK0.72 cent per ordinary share for the financial year	(100%)	(0%)
ended 31 March 2020.

3. (i) To re-elect Mr. Chan Chun Hong as a 11,968,950,665 17,648,000

		non-executive Director.	(99.8528%)	(0.1472%)
	(ii)	To re-elect Ms. Wong Chin Han as an executive	11,986,598,665	0
		Director.	(100%)	(0%)
	(iii)	To re-elect Mr. Li Wing Sum Steven as an	11,969,262,665	17,336,000
		independent non-executive Director.	(99.8554%)	(0.1446%)
	(iv)	To authorise the Board to fix the remuneration of	11,986,598,665	0
		the Directors.	(100%)	(0%)

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		Number of the Shares
Ordinary resolutions set forth in the AGM Notice	(Approximate %)
		For	Against
4.	To re-appoint Ernst & Young as auditors of the Company	11,973,730,665	12,868,000
	and to authorise the Board to fix their remuneration.	(99.8926%)	(0.1074%)
5.	(A) To approve the grant of the New Repurchase	11,986,597,665	1,000
	Mandate.	(99.9999%)	(0.0001%)
	(B) To approve the grant of the New Issue Mandate.	11,910,521,910	76,076,755
		(99.3653%)	(0.6347%)
	(C) To approve the extension of the aggregate number	11,910,526,910	76,071,755
	of the Shares repurchased under the New	(99.3654%)	(0.6346%)
	Repurchase Mandate to the New Issue Mandate.

Note: The full text of the above ordinary resolutions proposed at the AGM is set out in the AGM Notice.

Tricor Investor Services Limited, the Company's branch share registrar and transfer office in Hong Kong, was appointed as the scrutineer at the AGM for the purpose of vote-taking.

As at the date of the AGM, the total number of issued Shares is 15,200,000,000. Since none of the Shareholders was required to abstain from voting on any of the above ordinary resolutions, the total number of Shares entitling the Shareholders to attend and vote on the above ordinary resolutions is 15,200,000,000. There were no Shares entitling the Shareholders to attend and abstain from voting in favour as set out in Rule 13.40 of the Listing Rules and there were no parties who have stated their intention in the Circular to vote against the above ordinary resolutions or to abstain have done so at the AGM.

By Order of the Board

WANG ON PROPERTIES LIMITED

宏安地產有限公司

Chan Chun Hong

Chairman

Hong Kong, 24 August 2020

As at the date of this announcement, the Board comprises Mr. Tang Ho Hong, Ms. Wong Chin Han and Ms. Ching Tak Won Teresa as executive Directors; Mr. Chan Chun Hong as non-executive Director; and Mr. Li Wing Sum Steven, Mr. Sung Tze Wah and Sr Dr. Leung Tony Ka Tung as independent non-executive Directors.

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