HPC : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 28 APRIL 2021 AND APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

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HPC HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1742)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 28 APRIL 2021

AND APPOINTMENT OF INDEPENDENT

NON-EXECUTIVE DIRECTOR

POLL RESULTS OF THE ANNUAL GENERAL MEETING

At the annual general meeting (the "AGM") of HPC Holdings Limited (the "Company") held on 28 April 2021, all the proposed resolutions as set out in the notice of the AGM dated 29 March 2021 were taken by way of poll.

As at the date of the AGM, the total number of issued shares of the Company was 1,600,000,000 shares, which was the total number of shares entitling the holders to attend and vote for or against the resolutions proposed at the AGM. There were no shares of the Company entitling the holders to attend and abstain from voting in favour of any resolution at the AGM as set out in Rule 13.40 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). No shareholder of the Company was required to abstain from voting on any of the resolutions at the AGM under the Listing Rules. No person has indicated in the circular of the Company dated 29 March 2021 that it/he/she intends to vote against or to abstain from voting on any of the resolutions at the AGM.

The Company's branch share registrar in Hong Kong, Tricor Investor Services Limited, was appointed as the scrutineer at the AGM for the purpose of vote-taking. All the resolutions were approved by the shareholders of the Company. The poll results in respect of the respective resolutions proposed at the AGM were as follows:

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		Ordinary Resolutions	Number of votes (%)
		For	Against
1.	To receive, consider and approve the audited	1,200,000,000	0
	consolidated financial statements of the Company and	100%	0%
	its subsidiaries and the reports of the directors and
	auditors for the year ended 31 October 2020.
2.	(a)	To re-elect the following retiring directors of
		the Company:
		(i) Mr. Shi Jianhua as an executive director	1,200,000,000	0
		of the Company; and	100%	0%
		(ii) Mr. Zhu Dong as an independent non-	1,200,000,000	0
		executive director of the Company.	100%	0%
	(b)	To authorise the board of directors of the	1,200,000,000	0
		Company (the "Board") to fix the remuneration	100%	0%
		of the directors of the Company.
3.	To elect Mr. Gng Hoon Liang as an independent non-	1,200,000,000	0
	executive director of the Company.	100%	0%
4.	To re-appoint Ernst & Young LLP as auditor of	1,200,000,000	0
	the Company and to authorise the Board to fix its	100%	0%
	remuneration.
5.	(A)	To grant a general mandate to the directors	1,200,000,000	0
		of the Company to allot, issue and deal with	100%	0%
		additional shares not exceeding 20% of the
		total number of issued shares of the Company.
	(B)	To grant a general mandate to the directors	1,200,000,000	0
		of the Company to repurchase shares not	100%	0%
		exceeding 10% of the total number of issued
		shares of the Company.
	(C)	To extend the authority given to the directors	1,200,000,000	0
		o f t h e C o m p a n y p u r s u a n t t o o r d i n a r y	100%	0%
		resolution no. 5(A) to issue additional shares
		by adding the number of shares repurchased
		under ordinary resolution no. 5(B).

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Please refer to the notice of AGM dated 29 March 2021 for the full text of the resolutions proposed at the AGM.

As more than 50% of votes were casted in favour of each of the ordinary resolutions proposed at the AGM, all resolutions proposed at the AGM were duly passed as ordinary resolutions.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Reference is made to the Company's announcement dated 22 March 2021 (the "Announcement"). The Board announces that Mr. Gng Hoon Liang ("Mr. Gng") has been elected as an independent non-executive director of the Company at the AGM with effect from 28 April 2021. Mr. Gng has also been appointed as the members of audit committee, remuneration committee and nomination committee of the Company effective on the same date. Biographical details and information as disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited of Mr. Gng are set out in the Announcement and remain as effective and valid up to the date of this announcement.

The Company hereby welcomes Mr. Gng to join the Board as an independent non-executive Director.

By order of the Board

HPC Holdings Limited

Wang Yingde

Chairman & Chief Executive Officer

Singapore, 28 April 2021

As at the date of this announcement, the Board comprises Mr. Wang Yingde and Mr. Shi Jianhua as executive Directors; and Mr. Zhu Dong, Mr. Leung Wai Yip, Ms. Ng King Wai Diana and Mr. Gng Hoon Liang as independent non-executive Directors.

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