Hang Pin Living Technology : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 31 JULY 2020 AND RETIREMENT OF DIRECTOR AND CHANGE OF BOARD COMMITTEE MEMBERS

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HANG PIN LIVING TECHNOLOGY COMPANY LIMITED

杭 品 生 活 科 技 股 份 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 1682)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 31 JULY 2020

AND

RETIREMENT OF DIRECTOR

AND

CHANGE OF BOARD COMMITTEE MEMBERS

Reference is made to the notice (the "Notice") of the annual general meeting of Hang Pin Living Technology Company Limited (the "Company") held on 31 July 2020 (the "AGM") dated 30 June 2020. Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meanings as those defined in the Notice.

POLL RESULTS OF THE ANNUAL GENERAL MEETING

At the AGM, voting on each of the proposed ordinary resolutions (the "Resolutions") as set out in the Notice was conducted by poll. Yongtuo Fuson CPA Limited, being an external accountant firm which is qualified to serve as the Company's auditors was appointed as scrutineer at the AGM for the purpose of vote-taking.

Yongtuo Fuson CPA Limited have acted as the scrutineer and compared the poll results summary to poll forms collected and provided by the Company. The work performed by Yongtuo Fuson CPA Limited in this respect did not constitute an assurance engagement in accordance with Hong Kong Standards on Auditing, Hong Kong Standards on Review Engagements or Hong Kong Standards on Assurance Engagements issued by the Hong Kong Institute of Certified Public Accountants nor did it include provision of any assurance or advice on matters of legal interpretation or entitlement to vote.

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As at the date of the AGM:

1. the total number of issued Shares was 655,927,000 Shares, which was also the total number of Shares entitling the Shareholders to attend and vote for or against all Resolutions at the AGM;
2. there were no Shares entitling the Shareholders to attend and abstain from voting in favor of any of the Resolutions at the AGM as set out in Rule 13.40 of the Listing Rules; and
3. no Shareholders were required under the Listing Rules to abstain from voting at the AGM.

The Board is pleased to announce that all of the Resolutions, were duly passed by the Shareholders by way of poll at the AGM. The poll results in respect of each of the Resolutions were as follows:

		Number of Shares voted
	ORDINARY RESOLUTIONS	(percentage of total
	number of Shares voted)
		For	Against
1.	To receive and adopt the audited consolidated	134,866,000	0
	financial statements and reports of the directors	(100%)	(0%)
	("Directors") of the Company and the auditors of
	the Company for the year ended 31 March 2020
2(a).	To re-elect Mr. Situ Shilun as an executive director	134,866,000	0
		(100%)	(0%)
2(b).	To re-elect Dr. Lam Lee G. as an independent	134,866,000	0
	non-executive director	(100%)	(0%)
2(c).	To authorize the board of Directors to fix the	134,866,000	0
	Directors' remuneration	(100%)	(0%)
3.	To re-appoint Elite Partners CPA Limited as the	134,866,000	0
	auditor of the Company and to authorize the board	(100%)	(0%)
	of Directors to fix their remuneration
4.	To grant a general and unconditional mandate to the	134,866,000	0
	Directors to allot and issue or otherwise deal with	(100%)	(0%)
	additional Shares

Note: The percentage of votes are based on the total number of Shares held by the Shareholders who voted at the AGM in person or by corporate representative or by proxy.

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As more than 50% of the votes were cast in favor of each of the Resolution no. 1, 2(a), 2(b), 2(c), 3 and 4, the aforesaid Resolutions were passed as ordinary resolutions of the Company.

RETIREMENT OF DIRECTOR AND CHANGE OF BOARD COMMITTEE MEMBERS

The Board announces that due to his desire to devote more time to pursue other business commitments, Mr. Zhi Hua retired and ceased to act as an executive director of the Company, the chairman of the Board, chairman of the Nomination Committee of the Board of the Company (the " Nomination Committee") and member of the Remuneration Committee of the Board of the Company with effect from the conclusion of the AGM held on 31 July 2020.

Mr. Zhi Hua has confirmed that he has no disagreement with the Board and there are no other matters in relation to his retirement that need to be brought to the attention of the holders of shares of the Company.

The Board announces that Mr. Chan Kin has been redesignated as the chairman of the Nomination Committee of the Company with effect from 31 July 2020.

The Board would like to take this opportunity to express its gratitude and appreciation to Mr. Zhi Hua for his valuable contributions to the Company and the Board.

By Order of the Board

Hang Pin Living Technology Company Limited

Lam Kai Yeung

Chief Executive Officer & Executive Director

Hong Kong, 31 July 2020

As at the date of this announcement, the Board comprises Mr. Lam Kai Yeung and Mr. Situ Shilun as executive directors, Mr. Chau On Ta Yuen, Dr. Lam Lee G and Mr. Chan Kin as independent non-executive directors.

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