PanAsialum : Announcements and Notices - Adjourned of Annual General Meeting

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PanAsialum Holdings Company Limited 榮陽實業集團有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2078)

ADJOURNED OF ANNUAL GENERAL MEETING

References are made to the circular and notice of the annual general meeting of PanAsialum Holdings Company Limited (the "Company") dated 6 December 2017 and the announcements of the Company dated 18 December 2017 and 8 January 2018 in respect of the annual general meeting of the Company scheduled to be held on Wednesday, 10 January 2018 at 3:00 p.m. at 31st Floor, Cambridge House, Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong. Capitalized terms used herein have the same meanings as defined in the Circular unless otherwise specified.

At the Annual General Meeting, poll was demanded by the Chairman of the Annual General Meeting for voting on an ordinary resolution for the adjournment of the Annual General Meeting and revision of proposed Resolutions No. 8 and No. 10 to Wednesday, 24 January 2018 at 3:00 p.m. at 31st Floor, Cambridge House, Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong (the "Adjournment Resolution"). The total number of votes cast in favour of the Adjournment Resolution was 900,047,042 votes, representing 97.9318% of the total number of votes cast and 19,008,000 votes cast against the Adjournment Resolution, representing 2.0682% of the total number of votes cast.

As more than 50% of the votes were cast in favour of the Adjournment Resolution, the Adjournment Resolution proposed was duly passed by the Shareholders by way of poll.

As at the date of the Annual General Meeting, the number of issued Shares was 1,200,000,000 Shares, which was the total number of Shares entitling the holders to attend and vote for or against all resolution(s) at the Annual General Meeting. There were no restrictions on any Shareholders casting votes on the proposed resolution(s) at the Annual General Meeting.

There was no Share entitling the Shareholder to attend and abstain from voting in favour of the resolution at the Annual General Meeting. No Shareholder was required under the Listing Rules to abstain from voting on the resolution at the Annual General Meeting and no Shareholder has stated his/her/its intention in the Circular to vote against or to abstain from voting on any of the resolutions at the Annual General Meeting.

The branch share registrar of the Company in Hong Kong, Computershare Hong Kong Investor Services Limited, had acted as the scrutineer for the purpose of vote-taking at the Annual General Meeting.

The adjourned Annual General Meeting (the "Adjourned AGM") will be held on Wednesday, 24 January 2018 at 3:00 p.m. at 31st Floor, Cambridge House, Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong.

A notice of adjourned AGM together with a revised proxy form for the adjourned AGM will be sent to Shareholders on 10 January 2018.

By order of the Board of PanAsialum Holdings Company Limited

Cosimo Borrelli Non-Executive Chairman

Hong Kong, 10 January 2018

As at the date of this announcement, the executive directors of the Company are Ms. Shao Liyu, Mr. Zhu Hongtao and Mr. Chan Kai Lun Allan; the non-executive directors of the Company are Mr. Cosimo Borrelli and Ms. Chi Lai Man Jocelyn; and the independent non-executive directors of the Company are Mr. Mar Selwyn, Mr. Chan Kai Nang and Mr. Leung Ka Tin.