SHANGHAI INDUSTRIAL

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Shanghai Industrial Urban Development : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON FRIDAY, 11 SEPTEMBER 2020

09/11/2020 | 06:15am

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 Bermuda with limited liability)

(Stock Code: 563)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON FRIDAY, 11 SEPTEMBER 2020

The Board is pleased to announce that all the ordinary resolutions as set out in the SGM Notice and proposed at the SGM were duly passed by way of poll at the SGM held on Friday, 11 September 2020.

Reference is made to the notice of the special general meeting (the ''SGM Notice'') of Shanghai Industrial Urban Development Group Limited (the ''Company'') and the circular of the Company (the ''Circular'') both dated 25 August 2020. Unless the context otherwise requires, capitalised terms used in this announcement have the same meanings given to them in the Circular.

POLL RESULTS OF THE SGM

The Board is pleased to announce that all the ordinary resolutions as set out in the SGM Notice contained in the Circular and proposed at the SGM held on Friday, 11 September 2020 were duly passed by way of poll at the SGM. Tricor Secretaries Limited, the Company's branch share registrar and transfer office in Hong Kong, was appointed as the scrutineer for the vote-taking at the SGM. The poll results in respect of the ordinary resolutions proposed at the SGM were as follows:

NUMBER OF VOTES CAST

ORDINARY RESOLUTIONS

(APPROXIMATE %)

FOR

AGAINST

1.

To approve, confirm and ratify the Subscription

386,007,177

162,192,097

Agreement and the transactions contemplated

(70.41%)

(29.59%)

thereunder.

2.

To re-elect Mr. Huang Haiping as an executive

3,463,903,675

96,981,747

director of the Company.

(97.28%)

(2.72%)

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Shareholders may refer to the SGM Notice for the full text of the above ordinary resolutions.

As more than 50% of the votes were cast in favour of each of the above ordinary resolutions, all ordinary resolutions were duly passed at the SGM.

As at the date of the SGM, the total number of issued Shares was 4,806,323,189, representing the total number of Shares entitling the holders to attend and vote for or against ordinary resolution numbered 2 proposed at the SGM. SIIC and its associates, which directly or indirectly, held an aggregate of 3,062,696,148 Shares or approximately 63.72% of the issued share capital of the Company, were required to, and have, abstained from voting on ordinary resolution numbered 1 at the SGM. No Shareholder was entitled to attend and vote only against any of the ordinary resolutions proposed at the SGM. Accordingly, Shareholders holding a total of 1,743,627,041 Shares were entitled to attend and vote for or against ordinary resolution numbered 1 at the SGM. No Shareholder has stated his/her intention in the Circular to vote against any of the ordinary resolutions at the SGM.

By order of the Board of

Shanghai Industrial Urban Development Group Limited

Huang Haiping

Chairman

Hong Kong, 11 September 2020

As at the date of this announcement, the Board comprises Mr. HUANG Haiping, Mr. ZHOU Xiong, Mr. LOU Jun, Mr. YE Weiqi and Mr. ZHONG Tao as executive Directors and Mr. DOO Wai-Hoi, William, J.P., Mr. FAN Ren Da, Anthony, Mr. LI Ka Fai, David and Mr. QIAO Zhigang as independent non-executive Directors.

- 2 -

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Shanghai Industrial Urban Development Group Ltd. published this content on 11 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2020 10:14:03 UTC

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