LEE & MAN PAPER MANUFACTURING LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liabilities whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
POLL RESULTS OF THE ANNUAL GENERAL MEETING
The Board is pleased to announce that, on 9 May 2018, the Company held the AGM at which the ordinary resolutions proposed in the AGM Notice were duly passed.
The board of directors (the "Board") of Lee & Man Paper Manufacturing Limited (the "Company") is pleased to announce that, at the Annual General Meeting (the "AGM") held on 9 May 2018, the ordinary resolutions proposed in the notice of the AGM dated 29 March 2018 (the "Notice") were duly passed by the shareholders of the Company (the "Shareholders") present thereat by way of poll voting in which Tricor Investor Services Limited acted as scrutineer for the vote taking.
As at the date of the AGM, the total number of issued Shares of the Company was 4,460,764,000 Shares. No Shareholders were required to abstain from voting at the AGM. Accordingly, the total number of Shares entitling the Shareholders to attend and vote at the AGM for or against the ordinary resolutions set out in the AGM Notice was 4,460,764,000.
The number of shares of the Company (the "Shares") representing the votes cast for or against the resolutions voted upon by the Shareholders at the AGM were as follows:
Ordinary Resolutions | No. of Shares (%) | Total number of votes | ||
For | Against | |||
1. | To receive, consider and adopt the audited consolidated financial statements and the reports of the directors and of the auditors of the Company for the year ended 31 December 2017. | 3,501,166,754 (99.99%) | 263,000 (0.01%) | 3,501,429,754 |
2. | To declare a final dividend for the year ended 31 December 2017. | 3,502,108,754 (100.00%) | 0 (0.00%) | 3,502,108,754 |
3. | To re-elect Mr Li King Wai Ross as an executive director of the Company. | 3,484,610,510 (99.51%) | 17,086,244 ( 0.49%) | 3,501,696,754 |
4. | To re-elect Mr Wong Kai Tung Tony as an independent non-executive director of the Company. | 3,480,489,592 (99.38%) | 21,619,162 (0.62%) | 3,502,108,754 |
5. | To authorise the board of directors ("Directors") of the Company to approve and confirm the terms of appointment (including remuneration) for Professor Poon Chung Kwong, a non-executive director of the Company. | 3,471,068,044 (99.11%) | 31,040,710 (0.89%) | 3,502,108,754 |
Ordinary Resolutions | No. of Shares (%) | Total number of votes | ||
For | Against | |||
6. | To authorise the Directors to approve and confirm the terms of appointment (including remuneration) for Mr Peter A Davies, an independent non-executive director of the Company. | 3,495,199,754 (99.80%) | 6,909,000 (0.20%) | 3,502,108,754 |
7. | To authorise the Directors to approve and confirm the terms of appointment (including remuneration) for Mr Chau Shing Yim David, an independent non-executive director of the Company. | 3,315,751,801 (94.68%) | 186,321,953 (5.32%) | 3,502,073,754 |
8. | To approve, confirm and ratify the remuneration paid to directors for the year ended 31 December 2017 as set out in the annual report of the Company for the year ended 31 December 2017. | 3,322,532,032 (95.00%) | 174,814,722 (5.00%) | 3,497,346,754 |
9. | To authorise the Directors to fix the remuneration of the Directors for the year ending 31 December 2018, in the terms as set out in ordinary resolution number 9 in the Notice. | 3,318,424,430 (94.88%) | 178,958,324 (5.12%) | 3,497,382,754 |
10. | To re-appoint Messrs Deloitte Touche Tohmatsu as auditors for the ensuing year and to authorise the Directors to fix their remuneration. | 3,496,780,754 (99.85%) | 5,328,000 (0.15%) | 3,502,108,754 |
11. | To grant the general mandate to the Directors to allot, issue and deal with the Company's shares not exceeding 20% of the issued share capital of the Company, in the terms as set out in ordinary resolution number 11 in the Notice. | 2,935,784,160 (83.88%) | 564,204,594 (16.12%) | 3,499,988,754 |
12. | To grant a general mandate to the Directors to repurchase the Company's shares not exceeding 10% of the issued share capital of the Company, in the terms as set out in ordinary resolution number 12 in the Notice. | 3,469,084,823 (99.12%) | 30,903,931 (0.88%) | 3,499,988,754 |
13. | To approve the extension of the general mandate to be granted to the Directors of the Company to allot, issue and deal with the Company's shares by an amount not exceeding the amount of the Company's shares repurchased by the Company, in the terms as set out in ordinary resolution number 13 in the Notice. | 2,995,212,340 (85.53%) | 506,861,414 (14.47%) | 3,502,073,754 |
As more than 50% of the votes were cast in favour of the resolutions, the resolutions were duly passed as ordinary resolutions.
By order of the Board
Lee & Man Paper Manufacturing Limited
Cheung Kwok Keung
Company Secretary
Hong Kong, 9 May 2018
As at the date of this announcement, the board of directors of the Company comprises three executive directors, namely Dr Lee Man Chun Raymond, Mr Lee Man Bun and Li King Wai Ross, one non-executive director, namely Professor Poon Chung Kwong, and three independent non-executive directors, namely Mr Wong Kai Tung Tony, Mr Peter A. Davies and Mr Chau Shing Yim David.
* For identification purposes only
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Lee & Man Paper Manufacturing Ltd. published this content on 09 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 May 2018 09:45:03 UTC
