Alibaba Pictures : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON SEPTEMBER 10, 2020

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: 1060)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON SEPTEMBER 10, 2020

The Board is pleased to announce that the Resolutions set out in the Notice were duly passed by way of poll by the Shareholders at the AGM held on September 10, 2020.

Reference is made to the notice of the annual general meeting (the "AGM") of Alibaba Pictures Group Limited (the "Company") dated July 29, 2020 (the "Notice") and the circular of the Company dated July 29, 2020 (the "Circular"). Unless the context otherwise requires, capitalized terms used herein shall have the same meanings as those defined in the Circular.

POLL RESULTS OF THE AGM

The board of directors (the "Directors") of the Company (the "Board") is pleased to announce that the ordinary resolutions (the "Ordinary Resolutions") and the special resolution (the "Special Resolution") (collectively, the "Resolutions") set out in the Notice were duly passed by way of poll by the shareholders of the Company (the "Shareholders") at the AGM held on September 10, 2020. Details of the poll results in respect of the Resolutions proposed at the AGM are as follows:

			No. of Votes
		Ordinary Resolutions	(%)
			For		Against
1.	To receive and adopt the audited consolidated	15,635,569,494		0
	financial statements and the reports of the Directors	(100.00%)		(0.00%)
	and the auditor of the Company for the year ended
	March 31, 2020.
2.	(i)	(a) To re-elect Mr. Meng Jun as executive	15,592,947,444		49,992,050
		director of the Company.	(99.68%)		(0.32%)

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			No. of Votes
		Ordinary Resolutions	(%)
			For	Against
		(b) To re-electMr. Li Jie as	15,592,947,444	49,992,050
		executive director of the Company.	(99.68%)	(0.32%)
		(c) To re-elect Mr. Xu Hong as	15,420,876,145	222,063,349
		non-executive director of the Company.	(98.58%)	(1.42%)
		(d) To re-electMs. Song Lixin as	15,642,859,494	80,000
		independent non-executive director of	(99.99%)	(0.01%)
		the Company.
		(e) To re-electMr. Johnny Chen as	15,465,663,485	177,276,009
		independent non-executive director of	(98.87%)	(1.13%)
		the Company.
2.	(ii) To authorize the Board to fix the Directors'	15,640,761,443	2,178,051
		remuneration.	(99.99%)	(0.01%)
3.	To re-appoint PricewaterhouseCoopers as auditor	15,642,939,494	0
	of the Company and to authorize the Board to fix	(100.00%)	(0.00%)
	its remuneration.
4.	To grant a general mandate to the Directors to issue	14,615,710,134	1,027,229,360
	additional securities of the Company, not exceeding	(93.43%)	(6.57%)
	20% of the total number of the issued Shares as at
	the date of the passing of this resolution.
5.	To grant a general mandate to the Directors to buy	15,641,269,694	1,669,800
	back Shares, not exceeding 10% of the total number	(99.99%)	(0.01%)
	of the issued Shares as at the date of the passing of
	this resolution.
6.	To extend the general mandate regarding the issue of	14,621,706,961	1,021,232,533
	securities of the Company by the amount of Shares	(93.47%)	(6.53%)
	bought back under the general mandate for the buy-
	back of Shares.
7.	To approve the increase in the authorised share	15,624,199,996	18,739,498
	capital of the Company from HK$7,500,000,000	(99.88%)	(0.12%)
	divided into 30,000,000,000 Shares of HK$0.25 each
	to HK$9,500,000,000 divided into 38,000,000,000
	Shares of HK$0.25 each by the creation of an
	additional 8,000,000,000 new Shares.
		Special Resolution	For	Against
8.	To approve and confirm the proposed amendments	15,632,460,945	10,478,549
	to the bye-laws of the Company.	(99.93%)	(0.07%)

• The full text of the Resolutions is set out in the Notice.
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As more than 50% of the votes were cast in favour of each of the Ordinary Resolutions and more than 75% of the votes were cast in favour of the Special Resolution, all Resolutions were duly passed as ordinary resolutions and special resolution (as the case may be) by the Shareholders at the AGM.

As at the date of the AGM, the total number of Shares in issue was 26,832,115,210, which was the total number of Shares entitling the Shareholders to attend and vote for or against all the Resolutions proposed at the AGM. There were no Shares entitling the Shareholders to attend and abstain from voting in favour of the Resolutions proposed at the AGM as set out in Rule 13.40 of the Listing Rules and there were no Shares requiring the Shareholders to abstain from voting on the Resolutions proposed at the AGM under the Listing Rules. There was no restriction on any Shareholders to cast votes on any of the Resolutions proposed at the AGM and there was no party who had stated his/her/its intention in the Circular to vote against or to abstain from voting on the Resolutions proposed at the AGM.

The Company's branch share registrar and transfer office in Hong Kong, Tricor Secretaries Limited, was appointed as the scrutineer for the vote-taking at the AGM.

On behalf of the Board

Alibaba Pictures Group Limited

Fan Luyuan

Chairman & Chief Executive Officer

Hong Kong, September 10, 2020

As at the date of this announcement, the Board comprises Mr. Fan Luyuan, Mr. Li Jie and Mr. Meng Jun, being the executive directors; Mr. Xu Hong, being the non-executive director; and Ms. Song Lixin, Mr. Tong Xiaomeng and Mr. Johnny Chen, being the independent non-executive directors.

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