Silver Tide : POLL RESULTS OF THE RESOLUTIONS PROPOSED AT THE AGM

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Silver Tide Holdings Limited

銀濤控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1943)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 28 AUGUST 2020

Reference is made to the circular (the ''AGM Circular'') dated 29 July 2020. Capitalised terms used in this announcement shall have the same meaning as those defined in the AGM Circular unless otherwise defined herein.

The Board is pleased to announce that at the AGM held at Room 1703-1704,World-Wide House, 19 Des Voeux Road Central, Central, Hong Kong on Friday, 28 August 2020 at 2:30 p.m., all the proposed resolutions as set out in the Notice of Annual General Meeting (the ''AGM Notice'') have been duly passed by the Shareholders by way of poll.

The Company's branch share registrar in Hong Kong, Boardroom Share Registrars (HK) Limited, was appointed as the scrutineer for the purpose of vote-taking at the AGM.

The poll results are as follows：

	Ordinary Resolutions	Number of Votes (%)	Total number
				of votes cast
		For	Against
1.	To receive and adopt the audited	750,020,000	0 (0%)	750,020,000
	consolidated financial statements	(100%)		(100%)
	of the Company, the reports of the
	directors and the independent
	auditors of the Company for the
	year ended 31 March 2020

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	Ordinary Resolutions	Number of Votes (%)	Total number
						of votes cast
				For	Against
2.	(a) To re-elect Mr. Ip Chi Ming as	750,020,000	0 (0%)	750,020,000
	an executive director of the	(100%)		(100%)
	Company
	(b) To re-elect Mr. Shum Hau Tak	750,020,000	0 (0%)	750,020,000
	as an independent non-executive	(100%)		(100%)
	director of the Company
	(c) To re-elect Mr. Wong Kin Wah	750,020,000	0 (0%)	750,020,000
	as an executive director of the	(100%)		(100%)
	Company
	(d) To authorise the board of	750,020,000	0 (0%)	750,020,000
	directors of the Company to fix the	(100%)		(100%)
	remuneration of directors
3.	To appoint BDO Limited as the	750,020,000	0 (0%)	750,020,000
	auditor of the Company and its	(100%)		(100%)
	subsidiaries and to authorize the
	Board of Directors to fix its
	remuneration
4.	To give a general mandate to the	750,020,000	0 (0%)	750,020,000
	directors to issue new shares of the	(100%)		(100%)
	Company not exceeding 20% of
	the total number of issued shares of
	the Company (ordinary resolution
	in item No. 4 of the AGM Notice)
5.	To give a general mandate to the	750,020,000	0 (0%)	750,020,000
	directors to repurchase shares of	(100%)		(100%)
	the Company not exceeding 10%
	of the total number of issued shares
	of the	Company	(ordinary
	resolution in item No. 5 of the
	AGM Notice)
6.	To extend the general mandate to	750,020,000	0 (0%)	750,020,000
	be given to the directors to allot,	(100%)		(100%)
	issue and deal with additional
	shares of the Company by an
	amount	representing	the total
	number of shares repurchased by
	the Company (ordinary resolution
	in item No. 6 of the AGM Notice)

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Notes:

1. As a majority of the votes were cast in favour of each of the resolutions numbered 1 to 6, all resolutions were duly passed as ordinary resolutions.
2. As at the date of the AGM, the total number of shares of the Company in issue was 1,000,000,000 shares.
3. The total number of shares of the Company entitling the holder to attend and vote on the resolutions at the AGM was 1,000,000,000 shares.
4. There were no shares entitling the holder to attend and abstain from voting in favour of the 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'').
5. No shareholder of the Company was required under the Listing Rules to abstain from voting on the resolutions at the AGM.
6. None of the shareholders of the Company have stated their intention in the Company's circular dated 29 July 2020 to vote against or to abstain from voting on any of the resolutions at the AGM.
7. The Company's branch share registrar, Boardroom Share Registrars (HK) Limited, acted as the scrutineer for the vote-taking at the AGM.

By Order of the Board

Silver Tide Holdings Limited

Ip Chi Ming

Chairman, Chief Executive Officer and

Executive Director

Hong Kong, 28 August 2020

As at the date of this announcement, the Board of the Company comprises Mr. Ip Chi Ming (Chairman) and Mr. Wong Kin Wah as executive Directors, and Mr. Shum Hau Tak, Mr. Pau Chi Hoi and Mr. Law Chi Hung as independent non-executive Directors.

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