FAR EAST CONSORTIUM

35
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Far East Consortium International : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 15 SEPTEMBER 2020

09/15/2020 | 06:20am

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.

FAR EAST CONSORTIUM INTERNATIONAL LIMITED

遠 東 發 展 有 限 公 司*

(Incorporated in the Cayman Islands with limited liability)

Website: http://www.fecil.com.hk

(Stock Code: 35)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 15 SEPTEMBER 2020

The Board is pleased to announce that all the resolutions proposed at the AGM held on 15 September 2020 were duly passed as ordinary resolutions by way of poll.

POLL RESULTS

The board (the "Board") of directors (collectively the "Directors" and individually the "Director") of Far East Consortium International Limited (the "Company") is pleased to announce that all the resolutions proposed at the annual general meeting of the Company held on 15 September 2020 (the "AGM") were duly passed as ordinary resolutions by way of poll. The poll results of the AGM were as follows:

Ordinary Resolutions

Number of Votes (%)(Note(a))

For

Against

1.

To receive and adopt the Company's audited

1,592,964,361

186

financial statements and the reports of the

(99.9999%)

(0.0001%)

Directors and auditor for the year ended 31

March 2020

2.

To declare a final dividend of HK$0.15 per

1,593,719,500

186

share for the year ended 31 March 2020

(99.9999%)

(0.0001%)

  • For identification purposes only

- 1 -

Ordinary Resolutions

Number of Votes (%)(Note(a))

For

Against

3.

To re-elect Tan Sri Dato' David CHIU as an

1,565,885,871

27,833,815

Executive Director

(98.2535%)

(1.7465%)

4.

To re-elect Mr. Dennis CHIU as an Executive

1,588,241,561

5,478,125

Director

(99.6563%)

(0.3437%)

5.

To re - elect Mr . Kwok Wai CHAN as an

1,532,002,105

61,717,581

Independent Non-Executive Director

(96.1275%)

(3.8725%)

6.

To authorize the Board to fix the respective

1,593,516,073

186

Directors' remuneration

(99.9999%)

(0.0001%)

7.

To re-appoint Deloitte Touche Tohmatsu as

1,592,696,097

1,023,589

auditor of the Company and to authorize the

(99.9358%)

(0.0642%)

Board to fix their remuneration

8.

To grant a general mandate to issue shares

1,312,036,948

281,682,738

(82.3255%)

(17.6745%)

9.

To grant a general mandate to repurchase shares

1,593,516,073

186

(99.9999%)

(0.0001%)

10.

Conditional upon the passing of resolutions

1,338,735,810

254,983,876

no. 8 and no. 9, to extend the mandate to issue

(84.0007%)

(15.9993%)

shares

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 present in person or by proxy at the AGM.
  2. As a majority of the votes were cast in favour of each of the resolutions no. 1 to no. 10, all such ordinary resolutions were duly passed.
  3. The total number of issued shares of the Company as at the date of the AGM: 2,350,646,209 shares.
  4. The total number of shares of the Company entitling the holder to attend and vote on the resolutions at the AGM: 2,350,646,209 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.

- 2 -

  1. The total number of shares of the Company that are required under the Listing Rules to abstain from voting at the AGM: Nil.
  2. None of the shareholders of the Company have stated their intention in the Company's circular dated 28 July 2020 to vote against or to abstain from voting on any of the resolutions at the AGM.
  3. The Company's Hong Kong share registrar, Tricor Standard Limited, acted as the scrutineer for the vote- taking at the AGM.

By order of the Board of

Far East Consortium International Limited

Wai Hung Boswell CHEUNG

Company Secretary

Hong Kong, 15 September 2020

As at the date of this announcement, the Board comprises five executive directors, namely Tan Sri Dato' David CHIU, Mr. Cheong Thard HOONG, Mr. Dennis CHIU, Mr. Craig Grenfell WILLIAMS and Ms. Wing Kwan Winnie CHIU; and three independent non-executive directors, namely Mr. Kwok Wai CHAN, Mr. Kwong Siu LAM and Mr. Lai Him Abraham SHEK.

- 3 -

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Disclaimer

Far East Consortium International Ltd. published this content on 15 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 10:19:00 UTC

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