China Best : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 18 JANUARY 2016 (in PDF)

E160130123Ann.indd

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.

CHINA BEST GROUP HOLDING LIMITED

國華集團控股有限公司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 370)

POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 18 JANUARY 2016

Reference is made to the circular of China Best Group Holding Limited (the "Company") dated 31 December 2015 (the "Circular"). Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as those defined in the Circular.

The board (the "Board") of directors (the "Directors") of the Company is pleased to announce that at the special general meeting (the "SGM") of the Company held on Monday, 18 January 2016, the proposed resolution as set out in the notice of the SGM were duly passed by way of poll. The poll results are as follows:

* For identification purpose only

AS ORDINARY RESOLUTIONS		Number of Votes (approximately %)		Total number of votes
		For	Against
1.	"THAT: t he Share Subscription Agreement (as defined in the circular of the Company dated 31 December 2015 (the "Circular")) dated 15 September 2015, as amended and supplemented by the First Share Subscription Supplemental Agreement (as defined in the Circular) dated 26 October 2015 and the Second Share Subscription Supplemental Agreement (as defined in the Circular) dated the Directors be and are hereby specifically authorised to allot and issue the Subscription Shares in accordance with the terms of the Share Subscription Agreement; and 7 December 2015, respectively entered into between the Share Subscribers (as defined in the Circular), the Warrantors (as defined in the Circular) and the Company, pursuant to which the Share Subscribers have conditionally agreed to subscribe for and the Company has conditionally agreed to allot and issue, on the Completion Date (as defined in the Circular), 2,000,000,000 new Shares (the "Subscription Shares ") for a total consideration of HK$360,000,000 at HK$0.18 per share of the Company under the Specific Mandate (as defined in the Circular), copies of which are tabled at the meeting and marked "A" and initialled by the chairman of the meeting for identification purpose, be hereby confirmed, approved and/or ratified;	875,360,040 (94.66%)	49,340,000 (5.34%)	924,700,040

AS ORDINARY RESOLUTIONS		Number of Votes (approximately %)		Total number of votes
		For	Against
(c) any one director be and is hereby authorised to sign, execute, perfect and deliver all such other documents, deeds and instruments and do all such acts or things, as may be in his discretion consider necessary, desirable or expedient to give effect to Share Subscription Agreement and the transactions contemplated in this resolution and to agree to such variation, amendment or waiver as are, in the opinion of such director of the Company, in the interest of the Company."
2.	"THAT the re-election of Mr. Tan Xiangdong as executive director of the Company be hereby approved."	875,360,040 (94.66%)	49,340,000 (5.34%)	924,700,040
3.	"THAT the re-election of Mr. Li Yu as independent non-executive director of the Company be hereby approved."	875,360,040 (94.66%)	49,340,000 (5.34%)	924,700,040

As more than 50% of the votes were cast in favour of the resolutions, the above resolutions were duly passed as ordinary resolutions of the Company at the SGM.

As at the date of the SGM, the total number of issued shares of the Company was 5,264,566,267 Shares.

China Bosum (being a party to the Share Subscription Agreement) and its associates, who are interested in 500,000,000 Shares, representing approximately 9.50% interest in the Company as at the date of the SGM, abstained from voting on the abovementioned resolutions at the SGM. As a result, the Shareholders holding a total of 4,764,566,267 Shares were entitled to attend and vote for or against the proposed ordinary resolutions at the SGM.

No Shareholder was entitled to attend and vote only against the resolutions at the SGM.

The Company's branch share registrar in Hong Kong, Tricor Tengis Limited, acted as the scrutineer for the vote-taking at the SGM.

By Order of the Board

China Best Group Holding Limited Mr. Li Yang

Deputy Chairman

Hong Kong, 18 January 2016

As at the date of this announcement, the Board comprises three executive Directors, namely, Mr. Tan Xiangdong, Mr. Li Yang and Mr. Wang Jian, and three independent non-executive Directors, namely, Mr. Chan Fong Kong Francis, Mr. Chen Zhenguo and Mr. Li Yu.