SOCAM Development : Poll Results of Annual General Meeting

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瑞安建業有限公司*

SOCAM Development Limited

(Incorporated in Bermuda with limited liability)

(Stock Code: 983)

POLL RESULTS OF ANNUAL GENERAL MEETING

The Board of Directors (the "Board") of SOCAM Development Limited (the "Company") is pleased to announce that at the annual general meeting of the Company held on 30 May 2019 (the "AGM"), all the resolutions as set out in the notice of the AGM dated 26 April 2019 (the "Notice") have been duly passed by way of poll. Results of the poll are set out as follows:

			Ordinary resolutions				Number of votes (%)
								For	Against
1		To receive and consider the audited consolidated	243,927,664	83,443
		Financial	Statements and the	Reports	of the	(99.97%)	(0.03%)
		Directors	and Auditor	for	the	year	ended
		31 December 2018
2	(A)	To re-elect Mr. Wong Yuet Leung, Frankie as	243,908,508	102,599
		Director						(99.96%)	(0.04%)
2	(B)	To re-elect Ms. Lo Bo Yue, Stephanie as	243,032,740	978,367
		Director						(99.60%)	(0.40%)
2	(C)	To re-elect Mr. William Timothy Addison as	243,927,664	83,443
		Director						(99.97%)	(0.03%)
2	(D)	To authorise the Board to fix the Directors'	243,844,252	166,855
		remuneration					(99.93%)	(0.07%)
3		To re-appoint Deloitte Touche Tohmatsu as	243,854,252	156,855
		Auditor	and authorise	the Board	to	fix its	(99.94%)	(0.06%)
		remuneration

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	Ordinary resolutions	Number of votes (%)
		For	Against
4 (A)	To grant a general mandate to the Directors to	239,635,898	4,425,209
	issue additional shares not exceeding 20% of the	(98.19%)	(1.81%)
	number of issued shares of the Company #
(B)	To grant a general mandate to the Directors to	243,977,664	83,443
	buy back shares not exceeding 10% of the	(99.97%)	(0.03%)
	number of issued shares of the Company #
(C)	To extend the general mandate under resolution	239,960,719	4,100,388
	no. 4(A) by adding the number of shares bought	(98.32%)	(1.68%)
	back pursuant to resolution no. 4(B)#

# The full text of the resolution is set out in the Notice.

As more than 50% of the votes were cast in favour of each of the above resolutions, all the resolutions were duly passed as ordinary resolutions.

At the date of the AGM, the Company has a total of 384,410,164 shares in issue, entitling the holders of which to attend and vote at the AGM. There were no shares entitling the holders to attend and abstain from voting in favour of the above 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 to abstain from voting at the AGM under the Listing Rules. No parties have stated, in the Company's circular dated 26 April 2019 containing the Notice, their intention to vote against or to abstain from voting on any of the resolutions at the AGM.

Tricor Standard Limited, the branch share registrar of the Company in Hong Kong, was appointed as the scrutineer in respect of the poll at the AGM.

By order of the Board

SOCAM Development Limited

Chan Yeuk Ho, Karen

Company Secretary

Hong Kong, 30 May 2019

At the date of this announcement, the Executive Directors of the Company are Mr. Lo Hong Sui, Vincent and Mr. Wong Yuet Leung, Frankie; the Non-executive Director of the Company is Ms. Lo Bo Yue, Stephanie; and the Independent Non-executive Directors of the Company are Ms. Li Hoi Lun, Helen, Mr. Chan Kay Cheung and Mr. William Timothy Addison.

• For identification purpose only Website: www.socam.com

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