Bay Area Gold : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 6 AUGUST 2020

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Bay Area Gold Group Limited

灣區黃金集團有限公司

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)

(Stock Code: 1194)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 6 AUGUST 2020

Reference is made to the circular of Bay Area Gold Group Limited (the "Company") dated 21 July 2020 (the "Circular"). Unless otherwise defined, terms defined in the Circular shall have the same meanings when used in this announcement.

The Board is pleased to announce that the resolution as stated in the notice of the SGM was duly passed by the Shareholders by way of poll at the SGM held on 6 August 2020.

Union Registrars Limited, the Hong Kong branch share registrar of the Company, was appointed as the scrutineer at the SGM for the purpose of vote-taking.

As at the date of the SGM, the issued share capital of the Company comprised 5,941,898,079 shares of HK$0.001 each, which was the total number of Existing Shares entitling the holders to attend and vote for or against the resolution proposed at the SGM. Shareholders present at the SGM holding an aggregate of 2,763,638,783 Existing Shares (representing approximately 46.5% of the total number of Existing Shares in issue) voted either in person, by proxy or by their duly authorized representatives at the SGM. There were no Existing Shares entitling the holder to attend and abstain from voting in favour at the SGM as set out in rule 13.40 of the Listing Rules. No Shareholder was required under the Listing Rules to abstain from voting at the SGM. None of the Shareholders has stated his/her intention in the Circular to vote against or to abstain from voting on the resolution at the SGM.

The poll results in respect of the special resolution proposed at the SGM were as follows:

		No. of votes and approximate
	Special Resolution	percentage of total number
	of votes cast (%)
		For	Against
	To approve the proposed Capital Reorganisation, involving	2,763,638,728	55
	the Share Consolidation, the Capital Reduction and the Share	(99.9999%)	(0.0001%)
	Subdivision. (Note)
Note: For full text of the resolution, please refer to the notice of the SGM.

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As not less than 75% of the votes were cast in favour of the special resolution, the special resolution was duly passed as a special resolution of the Company at the SGM.

By Order of the Board

Bay Area Gold Group Limited

Yi Shuhao

Chairman

Hong Kong, 6 August 2020

As at the date of this announcement, the Board comprises Mr. Yi Shuhao, Mr. Chen Sheng, Mr. Zhang Lirui, Mr. Wang Baozhi and Mr. Huang Zhiwei as Executive Directors; Mr. Hsu Jing-Sheng as a Non-Executive Director; Ms. Wong Chi Yan, Professor Xiao Rong Ge and Professor Zhang Tianyu as Independent Non-Executive Directors.

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