China Ocean Industry : RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 18 SEPTEMBER 2020 POLL RESULTS OF THE ANNUAL GENERAL MEETING

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CHINA OCEAN INDUSTRY GROUP LIMITED

中 海 重 工 集 團 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock code: 00651)

RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 18 SEPTEMBER 2020

POLL RESULTS OF THE ANNUAL GENERAL MEETING

The Board is pleased to announce that all the proposed ordinary resolutions as set out in the notice of AGM were duly passed by poll at the AGM.

Reference is made to the circular of China Ocean Industry Group Limited (the "Company") dated 19 August 2020 (the "Circular") in respect of, inter alia, general mandates to issue shares and to repurchase shares and proposed re-election of retiring directors. Capitalised terms used herein shall have the same meanings as those defined in the Circular, unless the context otherwise requires.

POLL RESULTS OF THE ANNUAL GENERAL MEETING

The board of directors (the "Board") of the Company is pleased to announce that at the annual general meeting of the Company (the "AGM") held on 18 September 2020, all the proposed resolutions as set out in the notice of the AGM were duly passed by poll. The Company's share registrar in Hong Kong, Tricor Abacus Limited, was appointed as the scrutineer for the vote-taking at the AGM. As at the date of the AGM, the total number of shares in the Company entitling the holders to attend and vote for or against all the resolutions at the AGM was 340,920,971. There was no share in the Company entitling any shareholder of the Company to attend and vote only against any resolution at the AGM. No parties have stated their intention in the Circular to vote against any resolution or to abstain from voting at the AGM.

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The poll results of the resolutions passed at the AGM were as follows:

	ORDINARY RESOLUTIONS	Number of Votes (%)
	FOR	AGAINST
1.	To receive and approve the audited	67,613,278	60,875
	consolidated financial statements and the	(99.91%)	(0.09%)
	reports of the Directors and auditors of the
	Company for the year ended 31 December
	2019.
2.	To re-elect Mr. Zhang Chuanjun as an	67,674,153	0
	executive director of the Company;	(100.00%)	(0.00%)
3(i)	To re-elect Mr. Li Ming as an executive	67,674,153	0
	director of the Company;	(100%)	(0.00%)
3(ii)	To re - elect Ms . Xiang Siying as an	67,613,278	60,875
	independent non-executive director of the	(99.91%)	(0.09%)
	Company;
4.	To a u t h o r i z e t h e B o a r d t o f i x t h e	67,674,153	0
	remuneration of the directors of the	(100.00%)	(0.00%)
	Company.
5.	To re-appoint Messers. Asian Alliance (HK)	67,674,153	0
	CPA Limited as the Company's auditors	(100.00%)	(0.00%)
	and to authorize the Board to fix their
	remuneration.
6.	To grant a general mandate to the directors	67,613,278	60,875
	of the Company to issue new shares in the	(99.91%)	(0.09%)
	capital of the Company up to a maximum of
	20% of the number of issued Shares of the
	Company as at the date of AGM.
7.	To grant a general mandate to the directors	67,674,153	0
	of the Company to purchase Shares in the	(100.00%)	(0.00%)
	capital of the Company up to a maximum of
	10% of the number of issued Shares of the
	Company as at the date of AGM.

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	ORDINARY RESOLUTIONS	Number of Votes (%)
	FOR	AGAINST
8.	To include nominal amount of the shares	67,613,278	60,875
	repurchased by the Company granted to	(99.91%)	(0.09%)
	the Directors pursuant to resolution no.7 to
	the mandate granted to the directors under
	resolution no.6.

All resolutions were duly passed as ordinary resolutions of the Company at the AGM.

By order of the Board

China Ocean Industry Group Limited

LI Ming

Chairman

Hong Kong, 18 September 2020

As at the date of this announcement, the Board of the Company comprises three executive directors, namely, Mr. Li Ming, Mr. Zhang Shi Hong and Mr. Zhang Chuanjun; and three independent non-executive directors, namely, Ms. Xiang Siying, Mr. Hu Bai He and Ms. Xiang Ying.

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