C Cheng : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 5 MARCH 2021

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C CHENG HOLDINGS LIMITED 思城控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1486)

POLL RESULTS OF

THE EXTRAORDINARY GENERAL MEETING

HELD ON 5 MARCH 2021

Reference is made to the circular (the "Circular") and the notice of extraordinary general meeting (the "EGM") of C Cheng Holdings Limited (the "Company") both dated 16

February 2021 in relation to the proposed grant of share options to executive directors.

Capitalised terms used herein shall have the same meanings as those defined in the Circular unless the context requires otherwise.

The board of directors (the "Board") of the Company announces that the poll results of the EGM held on 5 March 2021 were set out as follows:

Note: The full text of the resolutions are set out in the notice of EGM.

As at the date of the EGM, the total number of issued and fully paid Shares of the Company was 288,260,780 Shares. As stated in the Circular, Mr. Liang, Mr. Fu, their respective associates and all core connected persons were required to abstain from voting in favour of the proposed resolutions at the EGM under the Listing Rules. As at the date of the EGM, Mr. Liang, Mr. Fu, their respective associates and all core connected persons together held in aggregate 204,667,780 Shares, representing approximately 71.00% of the total Shares in issue. Accordingly, the total number of Shares held by the Independent Shareholders entitled to attend and vote for or against the resolutions at the EGM was 83,593,000 Shares, representing approximately 29.00% of the total Shares in issue as at the date of the EGM.

Save as disclosed above, (i) no Shareholders is required under the Listing Rules to abstain from voting on the resolutions at the EGM; and (ii) no Shareholders has stated their intention in the Circular to vote against the resolutions or to abstain from voting at the EGM.

As more than 50% of the votes were cast in favour of each of the above resolutions proposed at the EGM, all the resolutions were duly passed by the Independent Shareholders by way of poll as ordinary resolutions of the Company.

Union Registrars Limited, the branch share registrar and transfer office of the Company, acted as the scrutineer for the vote-taking at the EGM.

On behalf of the Board C Cheng Holdings Limited

Liang Ronald

Chairman

Hong Kong, 5 March 2021

As at the date of this announcement, the executive Directors are Mr. Liang Ronald, Mr. Liu Gui Sheng, Mr. Fu Chin Shing, Mr. Wang Jun You, Mr. Liu Yong and Mr. Ma Kwai Lam Lambert, and the independent non-executive Directors are Mr. Yu Chi Hang, Mr. Lo Wai Hung and Ms. Su Ling.