Fairwood : Poll Results of the Annual General Meeting held on 10 September 2020

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.

FAIRWOOD HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 52)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 10 SEPTEMBER 2020

The board of directors (the "Board") of Fairwood Holdings Limited (the "Company") is pleased to announce that all proposed resolutions as set out in the notice of the annual general meeting of the Company dated 31 July 2020 (the "Resolutions") were duly passed by the shareholders of the Company (the "Shareholders") as ordinary resolutions by way of poll at the annual general meeting of the Company held on 10 September 2020 (the "AGM").

Details of the poll results in respect of the Resolutions are as follows:-

				Number of votes
		Ordinary Resolutions			(%)
				For		Against
1.	To receive and adopt the audited financial statements and the	69,391,648		10
	reports of the Directors and Independent Auditor for the year
	(99.9999 %)		(0.0001 %)
	ended 31 March 2020.
2.	To declare a final dividend of HK50 cents per share for the year	69,410,253		10
	ended 31 March 2020.		(99.9999 %)		(0.0001 %)
3.	(i) To re-elect Mr CHAN Chee Shing as Non-executive	68,958,465		451,798
	Director.		(99.3491 %)		(0.6509 %)
	(ii) To	re-elect Mr Joseph CHAN Kai	Nin as Independent	67,873,303		1,535,060
	Non-executive Director.		(97.7884 %)		(2.2116 %)
	(iii) To re-elect Dr Peter LAU Kwok Kuen as Independent	67,664,303		1,742,060
	Non-executive Director.		(97.4901 %)		(2.5099 %)
4.	To authorize the Board of Directors to fix the remuneration of the	67,982,859		1,423,979
	Directors.		(97.9484 %)		(2.0516 %)
5.	To grant authority to the Board of Directors to appoint additional	68,053,668		1,354,695
	Directors	up to the maximum number	determined by the
	(98.0482%)		(1.9518 %)
	Shareholders.
6.	To re-appoint KPMG as Auditor and authorize the Board of	68,319,354		1,092,009
	Directors to fix their remuneration.		(98.4268 %)		(1.5732 %)

1

		Number of votes
	Ordinary Resolutions		(%)
		For		Against
7A.	To pass the Ordinary Resolution in item 7A of the Notice of	56,572,598		12,837,240
	Annual General Meeting (To give a general mandate to the Board
	(81.5052 %)		(18.4948 %)
	of Directors to issue additional shares).
7B.	To pass the Ordinary Resolution in item 7B of the Notice of	64,834,859		4,574,979
	Annual General Meeting (To give a general mandate to the Board
	(93.4087 %)		(6.5913 %)
	of Directors to repurchase shares).
7C.	To pass the Ordinary Resolution in item 7C of the Notice of
	Annual General Meeting (To give a general mandate to the Board	56,987,112		12,424,251
	of Directors to issue additional shares in relation to repurchased	(82.1006 %)		(17.8994 %)
	shares).

As more than 50% of the votes were cast in favour of each of the Resolutions, all Resolutions were duly passed as ordinary resolutions of the Company.

As at the date of the AGM, the total number of issued shares of the Company was 129,532,780 shares, which was also the total number of shares entitling the Shareholders to attend and vote for or against the Resolutions. There were no restrictions on any Shareholders to cast votes on any of the Resolutions at the AGM.

Computershare Hong Kong Investor Services Limited, the Company's branch share registrar in Hong Kong, acted as the scrutineer for the purpose of vote-taking at the AGM.

By Order of the Board

Mak Yee Mei

Company Secretary

Hong Kong, 10 September 2020

As at the date of this announcement, the Directors of the Company are:

Executive Directors: Mr Dennis Lo Hoi Yeung (Executive Chairman), Mr Lo Fai Shing Francis (Chief Executive Officer), Ms Mak Yee Mei and Ms Peggy Lee;

Non-executive Director: Mr Chan Chee Shing; and

Independent Non-executive Directors: Mr Ng Chi Keung, Mr Joseph Chan Kai Nin, Dr Peter Lau Kwok Kuen, Mr Tony Tsoi Tong Hoo and Mr Peter Wan Kam To.

Website: www.fairwoodholdings.com.hk

2