GR Properties : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 21 OCTOBER 2019

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GR PROPERTIES LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 108)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 21 OCTOBER 2019

References are made to the notice (the "Notice") of extraordinary general meeting ("EGM") and circular (the "Circular") of GR Properties Limited (the "Company") both dated 30 September 2019. Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as defined in the Circular.

POLL RESULTS OF THE EGM

The Board is pleased to announce that the resolution proposed at the EGM held on Monday, 21 October 2019 was duly passed by the Independent Shareholders as ordinary resolution by way of poll. As at the date of the EGM, the total number of issued Shares was 3,199,373,986 Shares.

In accordance with the Listing Rules, the ordinary resolution proposed at the EGM was voted on by way of poll by the Independent Shareholders. Pursuant to Rule 14A.36 of the Listing Rules, Wintime Company Limited, Gang Rui International Investment (HK) Limited and Mr. Sun were considered to have a material interest in the Acquisition and the Disposal and accordingly abstained from voting at the EGM on the proposed resolution to approve, among other things, the Acquisition, the Disposal and the transactions contemplated thereunder pursuant to the Listing Rules.

Wintime Company Limited, Gang Rui International Investment (HK) Limited and Mr. Sun, together held 2,382,912,814 Shares (representing approximately 74.48% of the total number of issued Shares as at the date of the EGM), had abstained from voting on the above-mentioned resolution as set out in the Circular. Accordingly, the total number of Shares entitling the Shareholders to attend and vote for or against the above-mentioned resolution as set out in the Notice was 816,461,172 Shares, representing approximately 25.52% of the total number of issued Shares as at the date of the EGM.

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Save as disclosed above, (i) there were no Shares entitling the holders to attend and abstain from voting in favour of the resolution proposed at the EGM as set out in Rule 13.40 of the Listing Rules, and (ii) no other Shareholders had stated their intention in the Circular to vote against or to abstain from voting on the ordinary resolution at the EGM.

Tricor Standard Limited, the share registrar of the Company, was appointed as the scrutineer in the EGM for the purpose of taking and monitoring the poll vote.

The poll results of the ordinary resolution as set out in the Notice are as follows:

	Number of Shares Voted
ORDINARY RESOLUTION	(% of votes cast)
	For	Against
To approve the Agreement (as defined in the
circular of the Company dated 30 September	139,529,628	0
2019) and the transactions contemplated	100%	0%
thereunder (Note)

Note: Please refer to the Circular and Notice for details of the above resolution.

As more than 50% of the votes were cast in favour of the above resolution, the resolution was duly passed as an ordinary resolution of the Company at the EGM.

By Order of the Board

GR Properties Limited

Wei Chunxian

Chairman

Hong Kong, 21 October 2019

As at the date of this announcement, the executive Directors are Mr. Wei Chunxian, Mr. Sun Zhongmin, Ms. Liu Shuhua, Mr. Guo Jingsheng, Ms. Huang Fei and Ms. Li Bing; and the independent non-executive Directors are Mr. Tung Woon Cheung Eric, Ms. To Tsz Wan Vivien and Mr. Au Yeung Po Fung.

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