Yuexiu Property : POLL RESULTS OF THE 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: 00123)

POLL RESULTS OF THE GENERAL MEETING

Reference is made to (i) the circular of Yuexiu Property Company Limited (the "Company") dated 27 September 2019 in relation to, among other things, the Acquisitions (the "Circular"); and (ii) the notice of GM dated 27 September 2019 ("GM Notice"). Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that at the GM held on 22 October 2019, each of ordinary resolution No. 1 and ordinary resolution No. 2 as set out in the GM Notice was duly passed by way of poll. Please refer to the GM Notice for the full version of the resolutions. The vote-taking at the GM was scrutinized by the Company's share registrar, Tricor Abacus Limited.

1

The poll results taken at the GM were as follows:

			No. of Shares voted
		ORDINARY RESOLUTIONS	(in person or by proxy) (%*)
			For	Against
1.	"THAT:	2,142,724,574	183,621
	(a)	each of the Transaction Documents and the	(99.99%)	(0.01%)
		consummation of transactions contemplated
		thereunder as more particularly described in the
		Circular and on the terms and conditions set out in
		the Transaction Documents be hereby approved,
		ratified and confirmed; and
	(b)	any one Director be and is hereby authorised, for and
		on behalf of the Company, to complete and do all
		such acts or things (including signing and executing
		all such documents, instruments and agreements
		as may be required, including under seal where
		applicable) as the Company, such Director or, as
		the case may be, the Board may consider necessary,
		desirable or expedient or in the interest of the
		Company to give effect to the terms of the matters
		contemplated under the Transaction Documents
		and all transactions contemplated thereunder and
		all other matters incidental thereto or in connection
		therewith."
2.	"THAT Mr. Ouyang Changcheng be re-elected as a	8,095,832,626	197,553,672
	non-executive Director and the board of Directors be	(97.62%)	(2.38%)
	authorised to fix his remuneration."

• All percentages are rounded to 2 decimal places. As at the date of the GM:
• 1. the Company had 15,482,280,438 Shares in issue;
  2. as disclosed in the Circular, pursuant to the Listing Rules, each of GZYX and its respective associates (which held an aggregate of 6,159,447,662 Shares, representing approximately 39.78% of the total number of issued Shares as at the date of the GM) were required to abstain, and had abstained, from voting on ordinary resolution No. 1 as set out in the GM Notice at the GM. Accordingly, the total number of Shares entitling the Shareholders to attend and vote for or against such resolution at the GM was 9,322,832,776 Shares, representing approximately 60.22% of the total number of issued Shares as at the date of the GM. Save as disclosed above, no other Shareholder was required to abstain from voting on ordinary resolution No. 1 pursuant to the Listing Rules;
  3. no Shareholder was required to abstain from voting on ordinary resolution No. 2 as set out in the GM Notice pursuant to the Listing Rules;
  4. save as disclosed in (2) above, none of the Shareholders had stated their intention in the Circular to vote against or to abstain from voting on any of the resolutions at the GM; and
  5. there were no Shares entitling any Shareholder to attend and abstain from voting in favour of the resolutions proposed at the GM as set out in Rule 13.40 of the Listing Rules.

2

As more than 50% of the votes were cast in favour of each of ordinary resolution No. 1 and ordinary resolution No. 2, such resolutions were duly passed by way of poll at the GM.

Shareholders and potential investors of the Company should be aware that the Acquisitions are subject to certain conditions being satisfied (or waived, if applicable), therefore the completion of the Acquisitions may or may not proceed. Accordingly, Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

	By Order of the Board
	Yuexiu Property Company Limited
	Yu Tat Fung
	Company Secretary
Hong Kong, 22 October 2019
As at the date of this announcement, the Board comprises:
Executive Directors:	LIN Zhaoyuan (Chairman), LIN Feng, LI Feng, CHEN Jing and
	LIU Yan
Non-Executive Director:	OUYANG Changcheng
Independent Non-executive	YU Lup Fat Joseph, LEE Ka Lun and LAU Hon Chuen Ambrose
Directors:

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