SOCAM Development : Poll Results of Special 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 SPECIAL GENERAL MEETING

Reference is made to the circular (the "Circular") of SOCAM Development Limited (the "Company") dated 12 June 2019 in relation to the disposal of 58% of the issued ordinary shares of Great Market Limited. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that at the SGM held on 28 June 2019, the resolution as set out in the notice of the SGM dated 12 June 2019 (the "Notice") has been duly passed by way of poll. Results of the poll are set out as follows:

	Ordinary resolution		Number of votes (%)
		For	Against
To approve, ratify and confirm the Sale and	8,572,084	145,347
Purchase Agreement and the transactions	(98.33%)	(1.67%)
contemplated	thereunder	(including	the
Disposal), and to authorise the Directors to
execute any such documents, instruments and
agreements and to do any such acts or things as
may be deemed by such Directors at their
absolute discretion to be incidental to, ancillary
to or in connection with the Sale and Purchase
Agreement and the transactions contemplated
thereunder (including the Disposal).#

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

As more than 50% of the votes were cast in favour of the above resolution, the resolution was duly passed as an ordinary resolution.

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At the date of the SGM, the Company has a total of 384,410,164 Shares in issue, entitling the holders of which to attend and vote at a general meeting of the Company. In accordance with the Listing Rules and as disclosed in the Circular, Mr. Lo and Ms. Lo and their respective associates, who are together entitled to exercise control over the voting rights in respect of 234,979,300 Shares at the date of the SGM, were required to, and did, abstain from voting on the above resolution at the SGM. As such, the total number of Shares entitling the Independent Shareholders to attend and vote on the resolution at the SGM was 149,430,864 Shares. There were no Shares entitling the Shareholders to attend and abstain from voting in favour of the resolution at the SGM as set out in Rule 13.40 of the Listing Rules. Save as disclosed above, (i) no Shareholders were required to abstain from voting at the SGM under the Listing Rules; and (ii) no parties have stated their intention in the Circular to abstain from voting on or to vote against the resolution at the SGM.

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 SGM.

By Order of the Board

SOCAM Development Limited

Chan Yeuk Ho, Karen

Company Secretary

Hong Kong, 28 June 2019

At the date of this announcement, the executive Directors are Mr. Lo Hong Sui,Vincent and Mr. Wong Yuet Leung, Frankie; the non-executive Director is Ms. Lo Bo Yue, Stephanie; and the independent non-executive Directors 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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