Asia Standard Hotel : Poll Results of Annual General Meeting Held on 26 August 2020

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ASIA STANDARD HOTEL GROUP LIMITED

泛 海 酒 店 集 團 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 292)

POLL RESULTS OF ANNUAL GENERAL MEETING

HELD ON 26 AUGUST 2020

POLL RESULTS OF THE AGM

The Board is pleased to announce that all the resolutions as set out in the AGM Notice were duly passed by the Shareholders by way of poll at the AGM held on 26 August 2020.

Reference is made to the Company's notice of annual general meeting (the "AGM Notice") and circular (the "Circular") both dated 28 July 2020. Unless otherwise stated, terms used in this announcement shall have the same meanings as those defined in the Circular.

POLL RESULTS OF THE AGM

The Board is pleased to announce that all the resolutions as set out in the AGM Notice were duly passed by the Shareholders by way of poll at the AGM held on 26 August 2020.

Details of the poll results of the AGM are as follows: -

		Number of votes cast
		(Approximate percentage of	Total number of
	Ordinary Resolutions
	total number of votes cast)	votes cast
		For	Against
1.	To receive and consider the audited	1,371,112,823	10,000	1,371,122,823
	financial statements of the Company	(99.9993%)	(0.0007%)
	and the reports of the Directors and
	auditors for the year ended 31 March
	2020.

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				Number of votes cast
				(Approximate percentage of	Total number of
	Ordinary Resolutions
	total number of votes cast)	votes cast
				For	Against
2.	(A) To re-elect Dr. Lim Yin Cheng as an	1,369,594,720	1,518,270	1,371,112,990
	executive Director.		(99.8893%)	(0.1107%)
	(B) To re-elect Mr. Fung Siu To,	1,347,860,744	23,252,248	1,371,112,992
	Clement as an executive Director.	(98.3041%)	(1.6959%)
	(C) To re-elect Mr. Leung Wai Keung as	1,371,106,475	6,540	1,371,113,015
	an	independent	non-executive	(99.9995%)	(0.0005%)
	Director.
	(D) To authorise the Board to fix the	1,371,106,475	16,348	1,371,122,823
	Directors' remuneration.	(99.9988%)	(0.0012%)
3.	To re-appoint PricewaterhouseCoopers	1,371,106,475	16,348	1,371,122,823
	as auditors of the Company for the	(99.9988%)	(0.0012%)
	ensuing year and to authorise the Board
	to fix their remuneration.
4.	(A) To grant a general mandate to the	1,346,348,989	24,773,834	1,371,122,823
	Directors to allot, issue and deal	(98.1932%)	(1.8068%)
	with	Shares not exceeding 20% of
	the aggregate number of issued
	Shares.
	(B) To grant a general mandate to the	1,371,106,475	16,348	1,371,122,823
	Directors to repurchase Shares not	(99.9988%)	(0.0012%)
	exceeding 10% of the aggregate
	number of issued Shares.
	(C) To add the number of the Shares	1,346,348,989	24,773,834	1,371,122,823
	repurchased by the Company to the	(98.1932%)	(1.8068%)
	general mandate referred to in
	Resolution 4A.

As at the date of the AGM, the entire issued share capital of the Company comprised 2,018,040,477 Shares, which was the total number of Shares entitling the holders to attend and vote for or against all the resolutions proposed at the AGM. None of the Shares entitled the holders to attend and abstain from voting in favour of any of the resolutions proposed at the AGM. No Shareholders were required under the Listing Rules to abstain from voting on any of the resolutions proposed at the AGM. None of the Shareholders has stated their intention in the Circular to vote against or to abstain from voting on any of the resolutions proposed at the AGM.

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Computershare Hong Kong Investor Services Limited, the Company's branch share registrar in Hong Kong, acted as scrutineer for vote-taking at the AGM.

By order of the Board of

Asia Standard Hotel Group Limited

Lim Yin Cheng

Deputy Chairman

Hong Kong, 26 August 2020

As at the date of this announcement, the executive Directors are Mr. Poon Jing, Dr. Lim Yin Cheng, Mr. Poon Hai, Mr. Poon Yeung, Roderick, Mr. Fung Siu To, Clement and Mr. Woo Wei Chun, Joseph and the independent non-executive Directors are Mr. Ip Chi Wai, Mr. Leung Wai Keung and Mr. Hung Yat Ming.

* For identification purpose only

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