Allied Properties H K : Poll Results at the Extraordinary General Meeting held on 10th December, 2019

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ALLIED PROPERTIES (H.K.) LIMITED

(聯合地產(香港)有限公司)

(Incorporated in Hong Kong with limited liability)

(Stock Code: 56)

POLL RESULTS AT THE EXTRAORDINARY GENERAL MEETING

HELD ON 10TH DECEMBER, 2019

The Board is pleased to announce that the resolution as set out in the notice of EGM dated 20th November, 2019 was duly passed by the Independent Shareholders at the EGM held on 10th December, 2019 by way of poll.

Reference is made to the circular of Allied Properties (H.K.) Limited (the "Company") dated 20th November, 2019 (the "Circular"). Unless otherwise defined herein, capitalised terms used herein shall have the same meanings as those defined in the Circular.

POLL RESULTS OF THE EGM

The Board is pleased to announce that the resolution as set out in the notice of EGM dated 20th November, 2019 was duly passed by the Independent Shareholders at the EGM held on 10th December, 2019 by way of poll.

The poll results of the EGM are as follows:

	Ordinary Resolution		No. of Votes (%)
		For	Against
(a)	the entering	into	of the	sale and	purchase	1,125,042,696	16,640
	agreement	(the	"Sale	and	Purchase	(99.998521%)	(0.001479%)
	Agreement") dated 18th October, 2019 between
	the Company and Allied Services Hong Kong
	Limited (the "Purchaser") in relation to the
	disposal of the entire issued share capital of AP
	Elderly Care Limited by the Company to the
	Purchaser (a copy of the Sale and Purchase
	Agreement marked "A" has been produced to the
	Meeting and signed by the Chairman of the
	Meeting for the purpose of identification), and
	the transactions contemplated thereunder be
	hereby approved, ratified and confirmed; and
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1. any one director of the Company be and is hereby authorised to execute the Sale and Purchase Agreement and all such other documents and to do all such acts or things for and on behalf of the Company, and to make and agree such variations of a minor or non-material nature in or to the terms of the Sale and Purchase Agreement as he/she may consider appropriate or desirable relating to or in connection with the matters contemplated therein.

As more than 50% of the votes were cast in favour of the above resolution, the resolution above was duly passed as an ordinary resolution by the Independent Shareholders at the EGM.

As at the date of the EGM, the total number of issued shares of the Company was 6,812,201,460 Shares. As stated in the Circular, AGL and its associates (including the Purchaser and Mr. Lee Seng Hui), holding 5,108,911,521 Shares, had abstained from voting on the resolution at the EGM as required under the Listing Rules. Accordingly, the total number of Shares entitling the Independent Shareholders to attend and vote on the resolution at the EGM was 1,703,289,939 Shares. There were no Shares entitling the holders to attend and abstain from voting in favour of the proposed resolution at the EGM as set out in Rule

13.40 of the Listing Rules. Save as disclosed herein, there were no Shares of holders that were required under the Listing Rules to abstain from voting on the proposed resolution at the EGM and there were no restrictions on any Shareholders to cast votes on the proposed resolution at the EGM.

The Company's share registrar, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer for the vote-taking at the EGM.

By Order of the Board

Allied Properties (H.K.) Limited

Lau Tung Ni

Company Secretary

Hong Kong, 10th December, 2019

As at the date of this announcement, the board of directors of the Company comprises Messrs. Lee Seng Hui (Chief Executive) and Mark Wong Tai Chun being the Executive Directors; Messrs. Arthur George Dew (Chairman) and Li Chi Kong being the Non-Executive Directors; and Messrs. Steven Samuel Zoellner, Alan Stephen Jones and David Craig Bartlett being the Independent Non-Executive Directors.

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