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: 8173)
POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 24 JULY 2015
The Board is pleased to announce that all proposed ordinary resolutions were duly passed at the Annual General Meeting ("AGM") held on 24 July 2015 by way of poll.
Reference is made to the circular (the "Circular") of Pan Asia Mining Limited (the "Company") and the notice (the "Notice") of the annual general meeting dated 19 June 2015. Terms defined in the Circular have the same meanings when used in this announcement.
RESULTS OF THE AGM
At the AGM, all proposed ordinary resolutions as set out in the Notice were taken by poll. The Company's share registrar in Hong Kong, Tricor Tengis Limited, was appointed as the scrutineer for the vote-taking at the AGM.
At the date of the AGM, the total number of Shares entitling the Shareholders to attend and vote for or against the proposed ordinary resolutions at the AGM was 2,217,776,120 Shares, representing the entire issued share capital of the Company.
At the date of the AGM, Kesterion Investments Limited and its beneficial owner Ms. Eva Wong, being close associates of Mr. Michael Koh Tat Lee (Chairman of the Company), were interested in an aggregate of 578,319,060 Shares (which represents approximately 26.08% of the issued share capital of the Company). They were required to abstain and had abstained from voting in respect of the proposed ordinary resolution No.2(a)(i) in relation to the re- election of director. Accordingly, the total number of Shares entitling the Independent Shareholders to attend and vote for or against the proposed ordinary resolution No.2(a)(i) at the AGM was 1,639,457,060 Shares. Mr. Tan Chong Gin (Director of the Company) was interested in an aggregate of 5,575,000 Shares, representing approximately 0.25% of the issued share capital of the Company. He was required to abstain and had abstained from voting in respect of the ordinary resolutions No.2(a)(ii) in relation to the re-election of director. Accordingly, the total number of Shares entitling the Independent Shareholders to attend and vote for or against the ordinary resolutions No.2(a)(ii) at the AGM was
2,212,201,120 Shares. There was no Share entitling the holder to attend and vote only against the proposed ordinary resolutions at the AGM.
The Board is pleased to announce that all the proposed ordinary resolutions were duly passed
by the Shareholders by way of poll at the AGM. The poll results in respect of the proposed ordinary resolutions were as follows:
Ordinary Resolutions | Number of Votes (%) | ||
Ordinary Resolutions | For | Against | |
1. | To receive, consider and adopt the audited financial statements and the reports of the directors and auditors for the year ended 31 March, 2015. | 292,951,520 (100.00%) | 0 (0.00%) |
2. | (a) (i) To re-elect Mr. Michael Koh Tat Lee as a director of the Company. | 212,951,520 (100.00%) | 0 (0.00%) |
2. | (ii) To re-elect Mr. Tan Chong Gin as a director of the Company. | 292,951,520 (100.00%) | 0 (0.00%) |
2. | (iii) To re-elect Mr. Fung Kwok Leung as a director of the Company. | 292,951,520 (100.00%) | 0 (0.00%) |
2. | (b) To authorise the board of directors of the Company to fix the remuneration of the directors of the Company. | 292,951,520 (100.00%) | 0 (0.00%) |
3. | To re-appoint the auditors of the Company and authorise the board of directors of the Company to fix their remuneration. | 292,951,520 (100.00%) | 0 (0.00%) |
4A. | To grant to the directors of the Company the general mandate to issue new shares. | 292,951,320 (99.999%) | 200 (0.001%) |
4B. | To grant to the directors of the Company the general mandate to repurchase shares. | 292,951,520 (100.00%) | 0 (0.00%) |
4C. | To extend the general mandate to issue new shares by adding the number of shares repurchased by the Company pursuant to resolution no.4A. | 292,951,320 (99.999%) | 200 (0.001%) |
5. | To approve the refreshment of the scheme mandate limit under the share option scheme. | 292,951,520 (100.00%) | 0 (0.00%) |
As more than 50% of the votes were cast in favour of each of the resolutions, all the resolutions were duly passed as ordinary resolutions of the Company.
Hong Kong, 24 July 2015
By order of the Board Pan Asia Mining Limited Michael Koh Tat Lee Chairman
As at the date of this announcement, the Board comprises three executive Directors, Mr. Michael Koh Tat Lee, Mr. Cheung Hung Man and Mr. Tan Chong Gin, one non-executive Director, Mr. Liang Tong Wei, and three independent non-executive Directors, Mr. Chu Hung Lin, Victor, Mr. Tong Wan Sze and Mr. Fung Kwok Leung.
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the page of "Latest Company Announcement" on the GEM website for at least 7 days from the date of its posting.
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