IDG Energy Investment : POLL RESULTS OF THE AGM HELD ON 21 AUGUST 2020

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IDG ENERGY INVESTMENT LIMITED

IDG 能 源 投 資 有 限 公 司*

(Incorporated in Bermuda with limited liability)

(STOCK CODE: 650)

POLL RESULTS OF THE AGM

HELD ON 21 AUGUST 2020

The Board is pleased to announce that all the Ordinary Resolutions set out in the Notice of the AGM dated 17 July 2020 were duly passed by the Shareholders by way of poll at the AGM held on 21 August 2020.

Reference is made to the notice of the AGM (the ''Notice of AGM'') and the circular (the ''Circular'') of IDG Energy Investment Limited (the ''Company'') both dated 17 July 2020. Capitalised terms used herein shall have the same meaning as defined in the Circular unless the context requires otherwise.

POLL RESULTS OF THE AGM

The board (the ''Board'') of directors (the ''Directors'') of the Company is pleased to announce that all the ordinary resolutions (the ''Ordinary Resolutions'') set out in the Notice of AGM were duly passed by the shareholders of the Company (the ''Shareholders'') by way of poll at the AGM held on 21 August 2020.

Computershare Hong Kong Investor Services Limited, the Company's branch share registrar in Hong Kong, was appointed as the scrutineer for the vote-taking at the AGM.

As at the date of the AGM, the total number of issued ordinary shares in the Company was 6,594,090,914 shares, representing the total number of shares entitling the holders to attend and vote for or against the Ordinary Resolutions at the AGM. There was no Shareholder, who was eligible to attend the AGM, required to abstain from voting in favour of the Ordinary Resolutions at the AGM as set out in Rule 13.40 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'') and no Shareholders were required under the Listing Rules to abstain from voting on the Ordinary Resolutions at the AGM.

• For identification purposes only

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Set out below are the poll results of the respective resolutions put to the vote at the AGM:

			Number of votes voted
		Ordinary Resolutions	(percentage of total number	Total number
		of votes cast (%))	of votes
			For	Against
1.	To	receive and consider the audited financial	4,068,044,901	0	4,068,044,901
	statements of the Company and its subsidiaries and	(100%)	(0%)	(100%)
	the reports of the Directors and the independent
	auditors for the year ended 31 March 2020.
2.	A.	To re-elect Mr. Liu Zhihai as an executive	4,068,044,901	0	4,068,044,901
		Director.	(100%)	(0%)	(100%)
	B.	To re-elect Mr. Shong Hugo as a non-executive	4,068,044,901	0	4,068,044,901
		Director.	(100%)	(0%)	(100%)
	C.	To re-elect Mr. Chau Shing Yim David as an	4,068,044,901	0	4,068,044,901
		independent non-executive Director.	(100%)	(0%)	(100%)
	D.	To authorize the board of Directors to fix the	4,068,044,901	0	4,068,044,901
		remuneration of the Directors.	(100%)	(0%)	(100%)
3.	To re-appoint KPMG as the auditors of the Company	4,068,044,901	0	4,068,044,901
	and to authorize the Board to fix their remuneration.	(100%)	(0%)	(100%)
4.	A.	To grant a general mandate to the Directors to	4,068,044,901	0	4,068,044,901
		allot, issue and deal with additional shares not	(100%)	(0%)	(100%)
		exceeding 20% of the shares of the Company in
		issue.
	B.	To grant a general mandate to the Directors to	4,068,044,901	0	4,068,044,901
		repurchase shares not exceeding 10% of the	(100%)	(0%)	(100%)
		shares of the Company in issue.
	C.	To add the number of the shares repurchased	4,068,044,901	0	4,068,044,901
		under resolution 4.B. to the mandate granted to	(100%)	(0%)	(100%)
		the Directors under resolution 4.A.

As more than 50% of the votes were cast in favour of the Ordinary Resolutions, the Ordinary Resolutions were duly passed at the AGM.

By Order of the Board

IDG Energy Investment Limited

Wang Jingbo

Chairman and Chief Executive Officer

Hong Kong, 21 August 2020

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As at the date hereof, the Board comprises seven Directors, of whom two are executive Directors, namely Mr. Wang Jingbo (Chairman and Chief Executive Officer) and Mr. Liu Zhihai (President), two are non-executive Directors, namely Mr. Lin Dongliang and Mr. Shong Hugo, and three are independent non-executive Directors, namely Ms. Ge Aiji, Mr. Shi Cen and Mr. Chau Shing Yim David.

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