Wang On : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 26 AUGUST 2020

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POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 26 AUGUST 2020

The Board is pleased to announce that the proposed ordinary resolution set out in the SGM Notice in respect of the WYT Disposal was duly passed by the Independent Shareholders at the SGM held on 26 August 2020 by way of a poll.

References are made to (a) the announcement dated 4 May 2020 jointly issued by Wang On Group Limited (the "Company"), Caister Limited, Wai Yuen Tong Medicine Holdings Limited and Easy One Financial Group Limited; and (b) the circular of the Company dated 24 July 2020 (the "Circular") containing the notice dated 24 July 2020 (the "SGM Notice") convening the special general meeting (the "SGM") held on 26 August 2020. Capitalised terms used herein shall have the same meanings as defined in the Circular unless otherwise defined.

POLL RESULTS OF THE SGM

The Board is pleased to announce that the proposed ordinary resolution set out in the SGM Notice in respect of the WYT Disposal was duly passed by the Independent Shareholders at the SGM held on 26 August 2020 by way of a poll and the poll results are as follows:

	Number of Shares	Total number
Ordinary resolution set forth	(Approximate %)
of Shares voted
in the SGM Notice
For	Against	(%)
To approve the WYT Disposal and to	501,951,223	822,621	502,773,844
authorise the Directors to take, on behalf of	(99.84%)	(0.16%)	(100.00%)
the Company, all steps necessary or
expedient in their opinion to implement
and/or give effect to the WYT Disposal and
the transactions contemplated thereunder.

Note: The full text of the above resolution proposed at the SGM is set out in the SGM Notice.

Tricor Tengis Limited, the Company's branch share registrar and transfer office in Hong Kong, was appointed as the scrutineer at the SGM for the purpose of vote-taking.

• For identification purpose only

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As at the date of the SGM, the total number of issued shares of the Company was 17,397,520,047. As disclosed in the Circular and as at the date of the SGM, Caister and the Offeror Concert Parties held, and controlled the voting rights in respect of, an aggregate of 10,938,357,312 Shares, representing approximately 62.87% of the total issued share capital of the Company, and were considered to have a material interest in the WYT Disposal which was different from other Shareholders and, therefore, Caister and the Offeror Concert Parties were required to abstain from voting in favour of the above resolution in relation to the WYT Disposal and the transactions contemplated thereunder and have done so at the SGM. Accordingly, the total number of Shares entitling the holders thereof to attend and vote on the proposed resolution in relation to the WYT Disposal and the transactions contemplated thereunder at the SGM was 6,459,162,735 Shares, representing approximately 37.13% of the entire issued share capital of the Company.

Save as disclosed above and in the Circular, there were no Shares entitling the holders to attend and abstain from voting in favour as set out in Rule 13.40 of the Listing Rules and there were no Shareholders who stated their intention in the Circular to vote against or to abstain from voting on the above resolution regarding the WYT Disposal.

By Order of the Board

WANG ON GROUP LIMITED

(宏安集團有限公司) *

Chan Chun Hong, Thomas

Managing Director

Hong Kong, 26 August 2020

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Tang Ching Ho, Ms. Yau Yuk Yin and Mr. Chan Chun Hong, Thomas, and three independent non-executive Directors, namely Mr. Wong Chun, Justein, Mr. Siu Kam Chau and Mr. Chan Yung.

• For identification purpose only

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