Pokfulam Development : POLL RESULT OF THE EXTRAORDINARY GENERAL MEETING HELD ON 31 DECEMBER 2019

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POKFULAM DEVELOPMENT COMPANY LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 225)

POLL RESULT OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 31 DECEMBER 2019

The Board of Directors (the "Board") is pleased to announce that the resolution proposed at the Extraordinary General Meeting (the "EGM") was duly passed by the Independent Shareholders by way of poll.

Reference is made to the notice of the EGM and circular (the "Circular") to the shareholders of Pokfulam Development Company Limited (the "Company") dated 10 December 2019. Unless otherwise defined, terms used in this announcement shall have the same meanings as defined in the Circular.

As at the date of the EGM, the total number of Shares in issue was 110,179,385 Shares. Mr. Wong Tat Chang, Abraham, Mr. Wong Tat Kee, David and Mr. Wong Tat Sum, Samuel and their associates, in aggregate holding 81,669,466 Shares, representing approximately 74.1% of the issued share capital of the Company as at the date of the EGM, abstained from voting in respect of the ordinary resolution relating to the Agreement and the transaction contemplated thereunder. As such, the total number of Shares entitling the Independent Shareholders to attend and vote on the resolution at the EGM was 28,509,919 Shares. There were no Shares entitling the holder to attend and abstain from voting in favour of the ordinary resolution at the EGM as set out in rule 13.40 of the Listing Rules.

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The ordinary resolution, voting of which was taken by poll, was duly approved and passed by the Independent Shareholders. Tricor Standard Limited, the Company's share registrar, acted as the scrutineer for the vote-taking. The poll result is as follows:

	Ordinary resolution	Number of votes (%)*
For	Against
1	To approve, confirm and ratify the Agreement (as	2,822,036	0
	defined in the circular of the Company dated 10	100%	0%
	December 2019) and the transaction contemplated
	thereunder.

• All percentages are rounded up to 2 decimal places.

By order of the Board

Pokfulam Development Company Limited

Hui Sui Yuen

Company Secretary

Hong Kong, 31 December 2019

As at the date of this announcement, the Board comprises Mr. Wong Tat Chang, Abraham (Chairman and Managing Director), Mr. Wong Tat Kee, David and Mr. Wong Tat Sum, Samuel as Executive Directors, and Mdm. Lam Hsieh Lee Chin, Linda, Mr. Li Kwok Sing, Aubrey, Mr. Sit Hoi Wah, Kenneth and Mr. Seto Gin Chung, John as Independent Non-Executive Directors.

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