Suncity : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 21 AUGUST 2020

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SUNCITY GROUP HOLDINGS LIMITED

太陽城集團控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1383)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 21 AUGUST 2020

Reference is made to the announcement dated 3 July 2020, notice of extraordinary general meeting (the "Notice") and the circular (the "Circular") of Suncity Group Holdings Limited (the "Company") both dated 31 July 2020. Unless otherwise defined herein, terms used in this announcement shall have the same meanings as defined in the Circular.

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

The Board is pleased to announce that the ordinary resolution (the "Resolution") as set out in the Notice was duly passed by the Independent Shareholders by way of poll at the EGM held on 21 August 2020. The Company's branch share registrar in Hong Kong, Tricor Investor Services Limited, has been appointed and acted as the scrutineer for the vote-taking at the EGM. The results of the polls on the Resolution at the EGM were as follows:

	No. of votes cast and
Ordinary Resolution (Note)	percentage of total no. of
votes cast
	For	Against
To approve the entering into of the Supplemental Deed and	600,018,776	253,000
the transactions contemplated thereunder (including but not	(99.96%)	(0.04%)
limited to the Extension).

Note: The full text of the Resolution is set out in the Notice dated 31 July 2020.

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The number of votes and percentages of the voting as stated above are based on the total number of shares of the Company held by the Independent Shareholders who attended and voted at the EGM in person, by corporate representative or by proxy.

As majority of the votes were cast in favour of the Resolution, the Resolution was duly passed by the Independent Shareholders by way of poll as ordinary resolution of the Company at the EGM. As at the date of the EGM, the total number of issued Shares of the Company was 6,666,972,746 Shares and Mr. Chau and Mr. Lo and their associates were interested in 4,998,643,335 Shares, representing approximately 74.97% of the existing issued share capital of the Company. Mr. Chau and Mr. Lo and their associates were required to abstain, and had abstained, from voting on the Resolution at the EGM. Accordingly, there were a total of 1,668,329,411 Shares entitling the Independent Shareholders to attend and vote for or against the Resolution.

Save as disclosed above, to the best of the Directors' knowledge, information and belief and having made all reasonable enquiries, no other Shareholders or Directors are required to abstain from voting at the EGM in respect of the Supplemental Deed and the transactions contemplated thereunder. Mr. Chau and Mr. Lo have also abstained from voting in respect of the relevant Board resolution relating to the Supplemental Deed and the transactions contemplated thereunder.

By order of the Board

Suncity Group Holdings Limited

Chau Cheok Wa

Chairman

Hong Kong, 21 August 2020

As at the date of this announcement, the executive Directors are Mr. Chau Cheok Wa, Mr. Lo Kai Bong, Mr. Au Chung On John and Mr. Manuel Assis Da Silva; and the independent non-executive Directors are Mr. Tou Kin Chuen, Dr. Wu Kam Fun Roderick and Mr. Lo Wai Tung John.

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