Kresta : KRS 2020 AGM Results

24 July 2020

ASX ANNOUCEMENT

RESULTS OF 2020 ANNUAL GENERAL MEETING

The company wishes to advise pursuant to Listing Rule 3.13.2 that all resolutions presented at the 2020 Annual General Meeting of shareholders held today have been passed on a show of hands.

In accordance with section 251AA of the Corporations Act 2001, details of valid proxy votes received for each resolution are as follows:

	Resolution	Votes in	Votes	Abstentions	Total of
		Favour	Against		Proxy Votes
1.	Approval of	8,530,469	27,370	4,200	8,562,039
	Remuneration report
2.	Re-election of Mr	135,366,821	16,650	4,200	135,387,671
	Mingming Zhang as a
	director

Resolution 3 Spill Resolution was not put to the meeting as more than 25% votes are in favour for Resolution 1.

For Further information please contact:

Xianfeng Lu

Executive Chairman

Kresta Holdings Limited

T: 08 9249 0777

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Disclaimer

• The purpose of this presentation is to provide general information about Kresta Holdings Limited (Company). It is not recommended that any person makes any investment decision in relation to the Company based solely on this presentation. This presentation does not contain all information which would be material to the making of a decision in relation to the Company. Any investor should make its own independent assessment and determination as to the Company's prospects prior to making any investment decision, and should not rely on the information in this presentation for that purpose.
• This presentation does not involve or imply a recommendation or a statement of opinion in respect of whether to buy, sell or hold securities in the Company.
• This presentation contains certain statements which may constitute "forward‐looking statements". Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward‐looking statements. No representation or warranty, express or implied, is made by the Company that the matters stated in this presentation will be achieved or prove to be correct.
• Except for statutory liability which cannot be excluded, the Company, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in this presentation and exclude all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information.

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Welcome to the 2020 Annual General meeting of Kresta Holdings Limited

The Directors

Mr Xianfeng Lu, Managing Director & Chairman

Mr Mingming Chang, Director

Ms Li Ding, Director

Mr Xueqiang Liu, Director

Company Secretary

Mrs Tao Li, Company Secretary

Auditors

Mr Chris Nicoloff, Managing Partner, Bentleys

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Agenda

Registration of Members and guests

Welcome

2019 Annual Report

Chairman's address and Presentation

Voting on Resolutions

Close of meeting

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Chairmans'Address

An Address to the meeting

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Our Company

Kresta Holdings Limited one of the largest manufacturer and

retailer of window coverings in Australia

Changes in the last 12 month

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2019 Annual Report

An Address to the meeting by Tao Li

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December Summary Results

Revenue of 44 million, increase of 5% from prior year

Post‐tax profit from continuing operations of $1.5 million

Net loss after tax was $7,541,000, prior year $18,376,000

Group recorded cash inflow from operations of $2.10 million, prior year $827,000

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Voting and Resolutions

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Resolution 1

Adoption of Remuneration Report

To consider and, if thought fit, to pass the following as an ordinary resolution:

"That, the Remuneration report for the year ended 31 December 2019 as set out in the December 2019 Annual Report be approved and adopted"

Voting exclusion Statement

Votes must not be cast, and the Company will disregard any vote cast on Resolution 1 by, or on behalf of:

1. A member of the Company's Key Management Personnel
2. A Closely Related Party of those persons

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Proxy Votes - Resolution 1

The proxies received for this resolution are as follows:

For:	8,530,469	99.63%
Against:	27,370	0.32%
Open - Usable:	0	0%

Abstaining:

4,200

0.05%

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Resolution 2

Re-election of Mr Mingming Zhang as a

Director

To consider and, if thought fit, to pass the following as an ordinary resolution:

"That, Mr Mingming Zhang, who retires as a Director in accordance with clause 3.3 of the Constitution, and being eligible, offers himself for re-election, be re-elected as a Director"

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Proxy Votes - Resolution 2

The proxies received for this resolution are as follows:

For:	135,366,821	99.98%
Against:	16,650	0.01%
Open - Usable:		0%

Abstaining:

4,200

0.01%

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Proxy Votes - Resolution 3

will not to put to the meeting as more than 25% votes are for resolution 1

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Closure of Meeting

Thank you for your attendance

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