Glory Sun Financial : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 25 OCTOBER 2019

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.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01282)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 25 OCTOBER 2019

References are made to the circular (the ''Circular'') and the notice of EGM of the Company dated 10 October 2019. Unless otherwise defined, capitalized terms used in this announcement have the same meanings as those defined in the Circular.

POLL RESULTS OF THE EGM

The Board is pleased to announce that as more than 50% of the votes were cast, by poll, in favour of the ordinary resolution (the ''Resolution'') as set out in the notice of EGM, the Resolution was duly passed by the independent shareholders (the ''Independent Shareholders'') as ordinary resolution of the Company. The poll results in relation to the Resolution was as follows:

1. To approve the allotment and issue of the Subscription Shares (as defined in the Circular); and
2. To authorize any one or more directors of the Company to do all such acts and things as they consider necessary and to sign and execute all such documents, and to take all such steps which in their opinion may be necessary, appropriate, desirable or expedient for the purpose of giving effect to the Subscription Agreement and completing the transactions contemplated thereby.

Note: Please refer to the notice of EGM contained in the Circular for the full text of the Resolution.

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As at the date of the EGM, the total number of issued shares of the Company (the ''Shares'') was 27,387,512,211. Save for Mr. Yao Jianhui and his associates who together hold, directly or indirectly, 15,281,787,600 Shares (representing approximately 55.80% of the entire issued share capital of the Company) as at the date of the EGM, no other Shareholders were required to abstain from voting on the Resolution at the EGM. The total number of Shares held by the Independent Shareholders to attend and vote for or against the Resolution at the EGM was 12,105,724,611. There were no Shares entitling the holder to attend but requiring the holder to abstain from voting in favour at the EGM as set out in Rule 13.40 of the Listing Rules.

The Company's share registrar and transfer office in Hong Kong, Tricor Investor Services Limited, was appointed as the scrutineer at the EGM for the purpose of vote taking.

By Order of the Board

Glory Sun Financial Group Limited

Yao Jianhui

Chairman and Chief Executive Officer

Hong Kong, 25 October 2019

As at the date of this announcement, the Company's executive directors are Mr. Yao Jianhui, Ms. Ye Weiqing, Mr. Lau Wan Po, Mr. Li Minbin and Mr. Huang Wei; the non-executive director is Mr. Zhang Chi; and the independent non-executive directors are Mr. Wong Chun Bong, Professor Lee Kwok On, Matthew, and Mr. Lee Kwan Hung, Eddie.

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