KuangChi Science : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 9 SEPTEMBER 2020

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KUANGCHI SCIENCE LIMITED

光啟科學有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 439)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 9 SEPTEMBER 2020

The Board is pleased to announce that the Resolution was duly passed by the Independent Shareholders as an ordinary resolution of the Company by way of poll at the SGM.

References are made to the announcement of KuangChi Science Limited (the "Company") dated 13 July 2020, the circular of the Company dated 24 August 2020 (the "Circular") and the notice of special general meeting of the Company (the "SGM") dated 24 August 2020 (the "Notice"). Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that, in the SGM held at Unit 1220, 12/F., Leighton Centre, 77 Leighton Road, Causeway Bay, Hong Kong at 11:00 a.m. on Wednesday, 9 September 2020, the resolution set out in the Notice (the "Resolution") was duly passed by the Independent Shareholders as an ordinary resolution of the Company by way of poll at the SGM.

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The full text of the Resolution is set out in the Notice. The poll results are as follows:

Note: The number and percentage of votes are based on the total number of Shares held by the Independent Shareholders who attended and voted at the SGM in person, by authorised corporate representative or by proxy.

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

As at the date of the SGM, there were a total of 6,156,928,860 Shares in issue. As New Horizon Wireless Technology Limited and Sky Asia Holdings Limited were controlled as to more than 30% by Dr. Liu as at the date of the SGM, New Horizon Wireless Technology Limited and Sky Asia Holdings Limited, which held 3,078,500,000 Shares in aggregate, representing approximately 50.00% of the issued share capital of the Company as at the date of the SGM, were required to and did abstain from voting on the Resolution in relation to the Revised Annual Caps for the three years ending 31 December 2022 due to having material interests therein. Save as disclosed above, to the best of the Directors' knowledge, information and belief having made all reasonable enquiries, no other Shareholder was required under the Listing Rules to abstain from voting on the Resolution. Accordingly, there were in aggregate 3,078,428,860 Shares entitling the holders of which to attend and vote on the Resolution at the SGM.

None of the Shareholders was entitled to attend and abstain from voting in favour of the Resolution proposed at the SGM according to Rule 13.40 of the Listing Rules. None of the Shareholders have stated their intention in the Circular to vote against the Resolution proposed at the SGM or to abstain from voting at the SGM.

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The Company's branch share registrar and transfer office in Hong Kong, Tricor Secretaries Limited, was appointed as the scrutineer for vote-taking at the SGM.

On behalf of the Board

KuangChi Science Limited

Dr. Liu Ruopeng

Chairman and Executive Director

Hong Kong, 9 September 2020

As at the date of this announcement, the board of directors comprises four executive directors, namely Dr. Liu Ruopeng, Dr. Luan Lin, Dr. Zhang Yangyang and Dr. Ji Chunlin; one non-executive director, namely Mr. Li Chiu Ho; and three independent non-executive directors, namely Dr. Wong Kai Kit, Mr. Choi Wing Koon and Dr. Deng Ke.

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