International Business Settlement : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 31 AUGUST 2020 AND RETIREMENT OF DIRECTOR

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INTERNATIONAL BUSINESS SETTLEMENT HOLDINGS LIMITED

國 際 商 業 結 算 控 股 有 限 公 司

(Incorporated in Bermuda with limited liability)

（Stock code：00147）

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 31 AUGUST 2020

AND

RETIREMENT OF DIRECTOR

Reference is made to the circular of International Business Settlement Holdings Limited (the "Company") dated 30 July 2020 (the "Circular"). Terms used herein shall have the same meanings as defined in the Circular, unless the context requires otherwise.

POLL RESULTS OF THE AGM

The board (the "Board") of directors (the "Directors") of the Company is pleased to announce that at the annual general meeting (the "AGM") of the Company held on 31 August 2020, all the proposed resolutions set out in the notice of the AGM dated 30 July 2020 were duly passed as ordinary resolutions by the shareholders of the Company (the "Shareholders") by way of poll. The poll results in respect of all the resolutions proposed at the AGM were as follows:

		Number of Shares
	Ordinary Resolutions	For	Against
1.	To receive and adopt the audited consolidated financial	10,592,408,930	0
	statements and the reports of the Directors and the	(100%)	(0%)
	independent auditors of the Company for the year
	ended 31 March 2020.
2.	(a) To re-elect Mr. Yap Yung (who has served more	10,592,408,930	0
	than nine years) as an independent non-executive	(100%)	(0%)
	Director of the Company.
	(b) To authorize the Board to fix the Directors'	10,592,408,930	0
	remuneration.	(100%)	(0%)
3.	To re-appoint BDO Limited as the independent	10,592,408,930	0
	auditors of the Company and to authorize the Board to	(100%)	(0%)
	fix their remuneration.
4.	To grant a general mandate to the Board to issue new	10,592,408,930	0
	shares of the Company, up to 20% of the issued share	(100%)	(0%)
	capital of the Company as at the date of passing this
	resolution.
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5.	To grant a general mandate to the Board to repurchase	10,592,408,930	0
	shares of the Company, not exceeding 10% of the	(100%)	(0%)
	issued share capital of the Company as at the date of
	passing this resolution.
6.	To extend the general mandate granted to the Board to	10,592,408,930	0
	allot and issue new shares in the capital of the	(100%)	(0%)
	Company by the aggregate number of shares
	repurchased by the Company.

As more than 50% of the votes were cast in favour of each of the above resolutions, all the resolutions were duly passed as ordinary resolutions by the Shareholders at the AGM.

As at the date of the AGM, the number of issued Shares was 20,319,072,320 Shares, which was also the total number of shares entitling the Shareholders to attend and vote for or against the resolutions at the AGM. None of the Shareholders was entitled to attend and vote only against the resolutions at the AGM. There was no share entitling the Shareholders to attend and abstain from voting in favour 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") and no Shareholders were required under the Listing Rules to abstain from voting at the AGM.

There were no restrictions on any Shareholder to cast votes on any of the proposed resolutions at the AGM.

None of the Shareholders has stated their intention in the Circular to vote against or to abstain from voting on any of the resolutions at the AGM.

Tricor Secretaries Limited, the branch share registrar and transfer office of the Company in Hong Kong, was appointed as the scrutineer at the AGM for the purpose of vote-taking.

RETIREMENT OF DIRECTOR

As set out in the Circular, Mr. Hu Jianjun ("Mr. Hu") informed the Company on 29 June 2020 that he will not offer himself for re-election at the AGM as he needs to devote more time to his other business commitments.

Mr. Hu has confirmed that he has no disagreement with the Board and there is no other matter relating to his retirement that needs to be brought to the attention of the Shareholders and the Stock Exchange.

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The Board would like to take this opportunity to express its sincere gratitude to Mr. Hu for his valuable contribution to the Company during his tenure of services with the Company.

By Order of the Board

International Business Settlement Holdings Limited

Yuen Leong

Executive Director

Hong Kong, 31 August, 2020

As at the date of this announcement, the Board comprises Mr. Yuen Leong as executive Director; and Mr. Yap Yung, Mr. Chan Siu Tat and Ms. Chen Lanran as independent non-executive Directors.

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