Beijing Sports and Entertnmt Ind : Announcements and Notices - Poll Results of Extraordinary General Meeting Held on 17 November 2017

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(incorporated in the Cayman Islands with limited liability)

(Stock code: 1803) POLL RESULTS OF EXTRAORDINARY GENERAL MEETING HELD ON 17 NOVEMBER 2017

The Board is pleased to announce that at the EGM held on Friday, 17 November 2017, the proposed ordinary resolution as set out in the EGM Notice was duly passed by the Independent Shareholders by way of poll at the EGM.

Reference is made to the circular (the "Circular") and the notice of extraordinary general meeting ("EGM Notice") of Beijing Sports and Entertainment Industry Group Limited (the "Company") dated 27 October 2017. Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Circular.

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

The board of directors of the Company (the "Board") is pleased to announce that at the extraordinary general meeting of the Company ("EGM") held on Friday, 17 November 2017, the proposed ordinary resolution as set out in the EGM Notice was duly passed by the Independent Shareholders by way of poll at the EGM.

The branch share registrar of the Company, Tricor Investor Services Limited, was appointed as the scrutineer for the vote-taking at the EGM. The poll results in respect of the ordinary resolution proposed at the EGM (the "Resolution") was as follows:

ORDINARY RESOLUTION	Number of Shares (approximate % of total number of votes)
	For	Against
To approve, confirm and ratify the Subscription Agreement, the Supplemental Agreement and all transactions contemplated thereunder including the grant of authorization to the directors of the Company in connection therewith including but not limited to the allotment and issue of the Subscription Shares.	303,670,525 (100%)	0 (0%)

As 100% of the votes were cast in favour of the Resolution, the Resolution proposed at the EGM was duly passed as ordinary resolution of the Company by the Independent Shareholders by way of poll.

As at the date of the EGM, there were a total of 1,174,502,500 Shares in issue. Except for the Subscriber, Mr. Hu Yebi (an executive director of the Company) and Mr. Niu Zhongjie (an executive director of the Company) and their respective associates, who respectively hold 231,000,000 Shares, 110,810,000 Shares and 56,800,000 Shares, representing approximately 19.67%, approximately 9.43% and approximately 4.84% of the existing issued share capital of the Company, the total number of Shares entitling the Independent Shareholders to attend and vote for or against the Resolution at the EGM was 775,892,500 Shares as at the date of the EGM. No other Shareholder was required to abstain from voting on the Resolution at the EGM. Save as disclosed above, there was no restriction on any Shareholders to cast votes on the Resolution at the EGM and there was no Share entitling the holders to attend the EGM and vote only against the Resolution thereat.

By order of the Board

Beijing Sports and Entertainment Industry Group Limited Liu Xue Heng

Chairman

Hong Kong, 17 November 2017

As at the date of this announcement, the executive Directors are Mr. Liu Xue Heng, Mr. Hu Yebi, Mr. Niu Zhongjie, Mr. Zhu Shixing, Mr. Lam Ka Tak, Mr. Zhang Tingzhe and Mr. Tsui Ngai, Eddie; and the independent non-executive Directors are Mr. Tse, Man Kit, Keith, Mr. Lok Lawrence Yuen Ming, Mr. Xin Luo Lin and Mr. Pan Lihui.