Petro king Oilfield Services : Announcements and Notices - POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 31 DECEMBER 2020 AND APPOINTMENT OF AUDITOR

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PETRO-KING OILFIELD SERVICES LIMITED

百勤油田服務有限公司

(Incorporated in the British Virgin Islands with limited liability)

(Stock Code: 2178)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 31 DECEMBER 2020

AND APPOINTMENT OF AUDITOR

The Board is pleased to announce that the EGM was held on 31 December 2020 and the resolution set out in the Notice of the EGM was duly passed by the Shareholders by way of poll at the EGM.

In accordance with the poll results of the EGM, the Board is pleased to announce that BDO has been appointed as the auditor of the Company to hold office until the conclusion of the next annual general meeting of the Company.

Reference is made to the notice of the extraordinary general meeting (the "Notice of the EGM") and the circular (the "Circular") of Petro-king Oilfield Services Limited both dated 10 December 2020 in relation to, inter alia, the proposed appointment of BDO Limited as the new auditor of the Company. Terms used herein shall have the same meanings as those defined in the Circular unless the context requires otherwise.

POLL RESULTS OF THE EGM

The Board is pleased to announce that at the EGM held on 31 December 2020, the resolution set out in the Notice of the EGM was duly passed by the Shareholders by way of poll.

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As at the date of the EGM, a total of 1,726,674,682 Shares were in issue, which was the total number of Shares entitling the Shareholders to attend and vote for or against the resolution proposed at the EGM. There is no restriction on any Shareholders casting votes on the resolution at the EGM. None of the Shareholders have stated their intention in the Circular to vote against or to abstain from voting on the resolution at the EGM.

The Company's branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer at the EGM for the purpose of vote-taking. Set out below are the poll results in respect of the resolution proposed at the EGM:

		No. of Shares voted
	Ordinary Resolution	(approximate percentage of
	total number of votes cast)
		For	Against
1.	To appoint BDO Limited as the auditor of the	1,059,356,230	49,758,870
	Company and to authorise the Board to fix its	(95.51%)	(4.49%)
	remuneration.

As more than 50% of the votes were cast in favour of the resolution numbered 1 at the EGM, the resolution was duly passed as an ordinary resolution of the Company by way of poll.

APPOINTMENT OF AUDITOR

In accordance with the poll results of the EGM, the Board is pleased to announce that BDO has been appointed as the auditor of the Company to hold office until the conclusion of the next annual general meeting of the Company.

By Order of the Board

Petro-king Oilfield Services Limited

Wang Jinlong

Chairman

Hong Kong, 31 December 2020

As at the date of this announcement, the executive Directors are Mr. Wang Jinlong and Mr. Zhao Jindong; the non-executive Directors are Mr. Lee Tommy and Ms. Ma Hua; and the independent non-executive Directors are Mr. Leung Lin Cheong, Mr. Tong Hin Wor and Mr. Xin Junhe.

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