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.

IPE GROUP LIMITED

國際精密集團有限公司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 929)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 21 JUNE 2021

Reference is made to the circular of IPE Group Limited (the "Company") dated 14 May 2021 (the "Circular") in relation to the granting of general mandates, and re-election of the retiring directors of the Company.

The board of directors (the "Board") of the Company is pleased to announce that all the resolutions proposed at the annual general meeting of the Company held on 21 June 2021 (the "AGM") were duly passed by way of poll, the details of the poll results are as follows:

Number of Votes (%) (Note (c))

Ordinary Resolutions

For

Against

1

To consider and receive the audited consolidated

590,796,250

0

financial statements of the Company and the reports

(100.00%)

(0.00%)

of the directors and auditors for the year ended 31

December 2020.

2

To re-elect Mr. Ng Hoi Ping as an executive director

590,796,250

0

of the Company.

(100.00%)

(0.00%)

  • For identification purposes only

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Number of Votes (%) (Note (c))

Ordinary Resolutions

For

Against

3

To re-elect Mr. Yang Rusheng as an independent

590,281,250

515,000

non-executive director of the Company.

(99.91%)

(0.09%)

4

To re-elect Mr. Cheung Chun Yue Anthony as an

590,796,250

0

independent non-executive director of the Company.

(100.00%)

(0.00%)

5

To authorize the board of directors of the Company

590,796,250

0

to fix the respective directors' remuneration.

(100.00%)

(0.00%)

6

To re-appoint KPMG as auditors of the Company

590,796,250

0

and to authorize the board of directors of the

(100.00%)

(0.00%)

Company to fix auditors' remuneration.

7

To give a general mandate to the directors of the

590,796,250

0

Company to purchase the Company's shares not

(100.00%)

(0.00%)

exceeding 10% of the total number of issued shares

of the Company as at the date of passing of this

resolution.

8

To give a general mandate to the directors of the

573,396,250

17,400,000

Company to issue, allot and deal with additional

(97.05%)

(2.95%)

shares of the Company not exceeding 20% of the

total number of issued shares of the Company as at

the date of passing of this resolution.

9

Conditional upon the passing of resolutions nos. 7

573,396,250

17,400,000

and 8, to extend the general mandate granted to the

(97.05%)

(2.95%)

directors of the Company to issue, allot and deal

with additional shares in the capital of the Company

by the total number of shares repurchased by the

Company.

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

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Notes:

  1. The total number of shares of the Company in issue as at the date of the AGM: 1,052,254,135 shares.
  2. The total number of shares of the Company entitling the holder to attend and vote on the resolutions at the AGM: 1,052,254,135 shares.
  3. The number and percentage of votes are based on the total number of shares of the Company voted by the shareholders of the Company at the AGM in person or by proxy.
  4. As all of the votes were cast in favour of each of the resolutions nos. 1 to 9, all such ordinary resolutions were duly passed.
  5. The total number of shares of the Company 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")): Nil.
  6. The total number of shares of the Company that are required under the Listing Rules to abstain from voting at the AGM: Nil.
  7. The Company's Branch Share Registrar in Hong Kong, Computershare Hong Kong Investors Limited, acted as the scrutineer for the vote-taking at the AGM.

By Order of the Board

IPE Group Limited

Zeng Guangsheng

Chairman

Hong Kong, 21 June 2021

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Zeng Guangsheng (Chairman & Chief Executive Officer) and Mr. Ng Hoi Ping; two non-executive Directors, namely Ms. Zeng Jing and Mr. Chen Kuangguo; and three independent non-executive directors, namely, Mr. Yang Rusheng, Mr. Cheung, Chun Yue Anthony and Mr. Mei Weiyi.

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IPE Group Limited published this content on 21 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2021 09:52:08 UTC.