Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ASIA COMMERCIAL HOLDINGS LIMITED

冠亞商業集團有限公司*

(Incorporated in Bermuda with limited liability)

(Stock Code: 104)

POLL RESULTS OF ANNUAL GENERAL MEETING

HELD ON 17 SEPTEMBER 2020

Reference is made to the Circular and notice of AGM dated 29 July 2020 and the supplemental circular and the supplemental notice of AGM dated 31 August 2020 of Asia Commercial Holdings Limited (the "Company"). Unless otherwise defined, terms used in this announcement shall have the same meanings as those defined in the Circular.

The Company is pleased to announce the poll results in respect of the resolutions proposed at the annual general meeting (the "AGM") of the Company held on 17 September 2020 as follows:

Ordinary Resolutions

Number of Votes (%)

For

Against

1.

To receive and consider the audited financial statements,

68,912,670

0

the Directors' report and the independent auditor's report

(100%)

(0%)

for the year ended 31 March 2020.

As more than 50% of the votes were cast in favour of this resolution, the resolution was

duly passed.

2.

(a) To re-elect Ms. Eav Xin Qi Rosanna as an executive

68,912,670

0

director.

(100%)

(0%)

As more than 50% of the votes were cast in favour of this resolution, the resolution was

duly passed.

(b) To re-elect Mr. Lai Si Ming as an independent

68,912,670

0

non-executive director.

(100%)

(0%)

As more than 50% of the votes were cast in favour of this resolution, the resolution was

duly passed.

(c) To re-elect Mr. Kee Wah Sze as an independent

68,912,670

0

non-executive director.

(100%)

(0%)

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed.

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(d) To authorise the Board of Directors to fix the

68,912,670

0

remuneration of Directors for the year ending 31 March

(100%)

(0%)

2021.

As more than 50% of the votes were cast in favour of this resolution, the resolution was

duly passed.

3.

To re-appoint Crowe (HK) CPA Limited as auditor and

68,912,670

0

authorise the Board of Directors to fix their remuneration.

(100%)

(0%)

As more than 50% of the votes were cast in favour of this resolution, the resolution was

duly passed.

4(A).

Ordinary Resolution No. 4(A) of the Notice of Annual

68,912,670

0

General Meeting (To give a general mandate to the

(100%)

(0%)

Directors to repurchase shares of the Company not

exceeding 10 per cent. of the total number of issued

shares of the Company).

As more than 50% of the votes were cast in favour of this resolution, the resolution was

duly passed.

4(B).

Ordinary Resolution No. 4(B) of the Notice of Annual

67,800,170

1,112,500

General Meeting (To give a general mandate to the

(98.39%)

(1.61%)

Directors to allot and issue shares of the Company not

exceeding 20 per cent. of the total number of issued

shares of the Company).

As more than 50% of the votes were cast in favour of this resolution, the resolution was

duly passed.

4(C).

Ordinary Resolution No. 4(C) of the Notice of Annual

67,800,170

1,112,500

General Meeting (To extend the general mandate to be

(98.39%)

(1.61%)

given to the Directors to issue shares by addition of an

amount not exceeding the number of shares repurchased

by the Company).

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed.

As at the date of the AGM, the Company had 747,123,220 Shares in issue. Shareholders holding a total of 747,123,220 Shares, representing 100% of the total issued share capital of the Company as at the date of the AGM, were entitled to attend and vote at the AGM. There were no shares entitling the holders 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") and there were no shares requiring the holders to abstain from voting at the AGM under the Listing Rules. No Shareholders had stated their intention in the Circular to vote against the said resolutions or to abstain from voting at the AGM.

The Company's branch share registrar, Tricor Secretaries Limited, was appointed as scrutineer to report on the results of and vote-taking at the AGM.

By order of the board

ASIA COMMERCIAL HOLDINGS LIMITED

CHENG Ka Chung

Company Secretary

Hong Kong, 17 September 2020

As at the date of this announcement, the Board comprises Ms. Eav Xin Qi Rosanna and Mr. Eav Feng Ming, Jonathan as executive directors and Mr. Lai Si Ming, Mr. Lee Tat Cheung, Vincent and Mr. Kee Wah Sze as independent non-executive directors.

* For identification purposes only

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Asia Commercial Holdings Limited published this content on 17 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2020 08:49:03 UTC