Hong Kong Exchanges and Clearing : POLL RESULT OF THE EXTRAORDINARY GENERAL MEETING HELD ON 18 SEPTEMBER 2019 APPROVING THE BONUS ISSUE OF WARRANTS; AND ADJUSTMENT TO THE CONVERTIBLE NOTES

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International Standard Resources Holdings Limited

標 準 資 源 控 股 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 91)

POLL RESULT OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 18 SEPTEMBER 2019

APPROVING THE BONUS ISSUE OF WARRANTS; AND

ADJUSTMENT TO THE CONVERTIBLE NOTES

The Board is pleased to announce that the EGM Resolution proposed at the EGM held on 18 September 2019 was duly passed by the Shareholders by way of poll.

Reference is made to the circular (the "Circular") and the notice of extraordinary general meeting (the "EGM Notice") both dated 2 September 2019 issued by International Standard Resources Holdings Limited (the "Company"). Terms used in this announcement shall have the same meanings as those defined in the Circular unless the context requires otherwise.

POLL RESULT OF THE EXTRAORDINARY GENERAL MEETING

At the EGM held on 18 September 2019, the ordinary resolution approving the bonus issue of Warrants as set out in the EGM Notice (the "EGM Resolution") was duly passed by the Shareholders by way of poll. The Board is pleased to announce the poll result in respect of the EGM Resolution as follows:

Ordinary Resolution	Number of Votes (%)	Total Votes
FOR	AGAINST
	(%)
To consider and approve the bonus	267,540,914	0	267,540,914
issue of Warrants	100.00%	0.00%	100.00%

The full text of the EGM Resolution is set out in the EGM Notice.

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As more than 50% of the votes (including proxies) were cast in favour of the EGM Resolution at the EGM, the EGM Resolution was duly passed as ordinary resolution of the Company.

As at the date of the EGM, the total issued share capital of the Company was 718,776,925 Shares which represented the total number of Shares entitling the holders to attend and vote for or against the EGM Resolution. There was no Share entitling the Shareholder to attend and abstain from voting in favour of the EGM Resolution proposed at the EGM as set out in Rule 13.40 of the Listing Rules and no Shareholder was required to abstain from voting at the EGM under the Listing Rules. There was no restriction on the Shareholders casting votes on the EGM Resolution at the EGM.

Tricor Standard Limited, the share registrar of the Company, was appointed as the scrutineer of the vote-taking.

ADJUSTMENT TO THE CONVERTIBLE NOTES

As at the date hereof, the Company has outstanding Convertible Notes with an aggregate principal amount of HK$365,000,000 entitling the holders thereof to convert up to 2,607,142,857 Shares.

As a result of the bonus issue of Warrants, the conversion price of the outstanding Convertible Notes and the number of Shares to be allotted and issued upon exercise of all the conversion rights attaching to the outstanding Convertible Notes will be adjusted in the following manner:

			Number of	Number of
			Shares issuable	Shares issuable
			upon exercise of	upon exercise of
Principal			the conversion	the conversion
amount of			rights attaching	rights attaching
Convertible			to all the	to all the
Notes	Conversion	Conversion	outstanding	outstanding
outstanding as	price per	price per	Convertible	Convertible
at the date	Share before	Share after	Notes before	Notes after
hereof	adjustment	adjustment	adjustment	adjustment
HK$	HK$	HK$
365,000,000	0.14	0.12	2,607,142,857	3,041,666,666

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The adjustments will become effective from the commencement of the date following the Record Date, i.e. 1 October 2019. The Company's auditor has reviewed the adjustment and confirmed in writing that the adjustment is in accordance with the terms and conditions of the Convertible Notes.

By order of the Board

International Standard Resources Holdings Limited

Lo Tsz Fung Philip

Executive Director

Hong Kong, 18 September 2019

As at the date of this announcement, the executive directors of the Company are Mr. Cheng Wai Keung, Mr. Lo Tsz Fung Philip and Mr. Tam Tak Wah and the independent non-executive directors of the Company are Mr. Chan Tsz Kit, Mr. Chan Yim Por Bonnie and Mr. Wang Li.

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