CMON : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 31 JULY 2020 AND RETIREMENT OF AUDITOR

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CMON LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1792)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 31 JULY 2020

AND

RETIREMENT OF AUDITOR

POLL RESULTS OF THE ANNUAL GENERAL MEETING

The board (the ''Board'') of directors (the ''Director(s)'') of CMON Limited (the ''Company'') is pleased to announce the voting results of the annual general meeting of the Company held on 31 July 2020 (the ''Annual General Meeting'').

Reference is made to the circular of the Company (the ''Circular'') incorporating, amongst others, the notice of the Annual General Meeting dated 2 July 2020 (the ''AGM Notice''). Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as those defined in the Circular.

At the Annual General Meeting, all the proposed resolutions as set out in the AGM Notice were taken by poll. The Company's Hong Kong branch share registrar, Tricor Investor Services Limited, was appointed as the scrutineer at the Annual General Meeting for the purpose of vote-taking.

As at the date of the Annual General Meeting, the total number of issued Shares was 1,806,000,000 Shares, which represented the total number of Shares entitling the holders to attend and vote for or against the resolutions proposed at the Annual General Meeting. There was no restriction on any Shareholder casting votes on any of the proposed resolutions at the Annual General Meeting. There was no Share entitling the Shareholders to attend but abstain from voting in favour of any resolutions proposed at the Annual General Meeting as set out in Rule 13.40 of the Listing Rules nor would any Shareholders be required under the Listing Rules to abstain from voting at the Annual

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General Meeting. None of the Shareholders have stated their intention in the Circular to vote against or to abstain from voting on any of the proposed resolutions at the Annual General Meeting.

The poll results in respect of the respective resolutions proposed at the Annual General Meeting were as follows:

		ORDINARY RESOLUTIONS			No. of Votes (%)
				For	Against
1.	(A)	To re-elect Mr. Ng Chern Ann as an executive director	1,040,407,692	0
		of the Company.			(100.00%)	(0.00%)
	(B)	To re-elect Mr. Koh Zhengkai as an executive director of	1,040,407,692	0
		the Company.			(100.00%)	(0.00%)
	(C)	To re-elect Mr. Frederick Chua	Oon	Kian as a	1,040,407,692	0
		non-executive director of the Company.		(100.00%)	(0.00%)
	(D)	To re-elect Mr. Wong Yu Shan Eugene as an	1,040,407,692	0
		independent non-executive director of the Company.	(100.00%)	(0.00%)
	(E)	To re-elect Mr. Choy Man as	an	independent	1,040,407,692	0
		non-executive director of the Company.		(100.00%)	(0.00%)
2.	To authorise the board of directors of the Company to fix the	1,040,407,692	0
	remuneration of the respective directors.			(100.00%)	(0.00%)
3.	To	re-appoint PricewaterhouseCoopers as auditor of the	0	1,040,407,692
	Company and authorise the board of directors of the	(0.00%)	(100.00%)
	Company to fix its remuneration for the year ending 31
	December 2020.
4.	(A)	To grant a general mandate to the directors of the	1,040,407,692	0
		Company to allot, issue and/or otherwise deal with	(100.00%)	(0.00%)
		additional shares not exceeding 20% of the total number
		of issued shares of the Company as at the date of
		passing this resolution.
	(B)	To grant a general mandate to the directors of the	1,040,407,692	0
		Company to repurchase shares not exceeding 10% of the	(100.00%)	(0.00%)
		total number of issued shares of the Company as at the
		date of passing this resolution.

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	ORDINARY RESOLUTIONS	No. of Votes (%)
For	Against
	(C) Conditional upon the passing of the ordinary resolutions	1,040,407,692	0
	numbered 4(A) and 4(B), to extend the authority given	(100.00%)	(0.00%)
	to the directors of the Company pursuant to ordinary
	resolution numbered 4(A) to issue shares by adding to
	the number of shares of the Company which may be
	allotted and issued by the directors of the Company
	pursuant to such general mandate of an amount
	representing the number of shares repurchased under
	ordinary resolution numbered 4(B).

Note: The number of votes and approximate percentage of voting Shares as stated above are based on the total number of issued Shares held by the Shareholders who attended and voted at the Annual General Meeting in person, by authorised representative or by proxy.

As more than 50% of votes were cast in favour of the above resolutions numbered 1, 2 and 4, such resolutions were duly passed as ordinary resolutions of the Company. As more than 50% of votes were cast against the above resolution numbered 3, such resolution was not passed as ordinary resolution of the Company.

RETIREMENT OF AUDITOR

As indicated above, the resolution numbered 3 regarding the re-appointment of PricewaterhouseCoopers as auditor of the Company was not passed at the Annual General Meeting. Accordingly, PricewaterhouseCoopers has retired as auditor of the Company upon expiration of its current term of office at the close of the Annual General Meeting.

The Board confirmed that there is no matter which is required to be brought to the attention of the Shareholders in relation to the retirement of PricewaterhouseCoopers as auditor of the Company. The Company will identify a suitable replacement to fill the vacancy following the retirement of PricewaterhouseCoopers and will make further announcement relating to the appointment of new auditor as soon as practicable.

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The Board would like to take this opportunity to express its sincere gratitude to PricewaterhouseCoopers for its professional and quality services rendered in the past years.

By order of the Board

CMON Limited

Ng Chern Ann

Chairman, Joint Chief Executive Officer and Executive Director

Singapore, 31 July 2020

As of the date of this announcement, the executive Directors are Mr. Ng Chern Ann, Mr. David Doust and Mr. Koh Zheng Kai; the non-executive Director is Mr. Frederick Chua Oon Kian; and the independent non-executive Directors are Mr. Chong Pheng, Mr. Wong Yu Shan Eugene and Mr. Choy Man.

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