Kong Sun : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING OF THE COMPANY HELD ON 15 MARCH 2021

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KONG SUN HOLDINGS LIMITED

ϪʆછٰϞࠢʮ̡

(Incorporated in Hong Kong with limited liability)

(Stock Code: 295)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

OF THE COMPANY HELD ON 15 MARCH 2021

Reference is made to the circular of the Company dated 26 February 2021 (the ''Circular'') in relation to, among other matters, to approve the Disposal Agreement and the transactions contemplated thereunder and the Guarantee, respectively. Terms used in this announcement shall have the same meanings as those defined in the Circular unless defined otherwise herein.

POLL RESULTS AT THE EGM

The Board is pleased to announce that at the EGM held on 15 March 2021, all the ordinary resolutions (the ''Ordinary Resolutions''), set out in the notice of the EGM dated 26 February 2021 (the ''Notice'') were duly passed by the Shareholders by way of poll as more than 50% of the votes were cast in favour of the Ordinary Resolutions.

The poll results in respect of the Ordinary Resolutions were as follows:

Number of votes cast (Approximate percentage of

number of votes cast (%))

FOR AGAINST

• 1. To approve:

  • (i) the Disposal Agreement and the transactions contemplated thereunder; and

  • (ii) the authorization of any one Director to do all such things and take all such actions as he or she may consider necessary or desirable to implement and/or give effect to the Disposal Agreement and the transactions contemplated thereunder.

• 2. To approve:

• (i) Guarantee; and

• (ii) the authorization of any one Director to do all such things and take all such actions as he or she may consider necessary or desirable to implement and/or give effect to the Guarantee.

The total number of Shares entitling the Shareholders to attend and vote for or against the Ordinary Resolutions at the EGM was 14,964,442,519 Shares, representing the entire issued share capital of the Company as at the date of the EGM. There were no Shares entitling the holder to attend and abstain from voting in favour of any of the Resolutions at the EGM 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 Shareholder was required under the Listing Rules to abstain from voting on any of the Ordinary Resolutions proposed at the EGM. There was no restriction on any Shareholders to cast vote on any of the Ordinary Resolutions at the EGM. No Shareholder was entitled to attend and vote only against any of the Ordinary Resolutions at the EGM and none of the Shareholders has stated their intention in the Circular to vote against or to abstain from voting on any of the Ordinary Resolutions at the EGM.

Computershare Hong Kong Investor Services Limited, the Company's branch share registrar and transfer office in Hong Kong, was appointed as the scrutineer for the vote-taking at the EGM.

By order of the Board

Kong Sun Holdings Limited

Mr. Jin Yanbing Executive Director

Hong Kong, 15 March 2021

As at the date of this announcement, the Board comprises two executive directors, Mr. Jin Yanbing and Mr. Qin Hongfu, one non-executive director, Mr. Jiang Hengwen, and three independent non-executive directors, Mr. Lang Wangkai, Ms. Wu Wennan and Mr. Xu Xiang.