Huiyin Smart Community : (1) POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 3 JANUARY 2020 (2) EFFECTIVE DATE OF THE SHARE CONSOLIDATION AND (3) ADJUSTMENT TO THE SHARE OPTIONS

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.

HUIYIN SMART COMMUNITY CO., LTD.

匯 銀 智 慧 社 區 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1280)

1. POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 3 JANUARY 2020
2. EFFECTIVE DATE OF THE SHARE CONSOLIDATION AND
3. 1. ADJUSTMENT TO THE SHARE OPTIONS

Reference is made to the circular of Huiyin Smart Community Co., Ltd. (the "Company") dated 16 December 2019 (the "Circular") and the notice of the extraordinary general meeting dated 16 December 2019 (the "Notice"). Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

POLL RESULTS OF THE EGM

The Board is pleased to announce that all the proposed resolutions as set out in the Notice were duly passed by the Shareholders by way of poll at the EGM held on 3 January 2020. The poll results of the EGM are as follows:

	Ordinary Resolution	Number of Votes (%)
	For	Against
1.	To approve the Share Consolidation (as defined	1,130,410,000	274,989,407
	in the Circular) and to authorise any one or	(80.43%)	(19.57%)
	more of directors of the Company to take all
	such steps and execute all such documents in
	relation to the foregoing.

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As more than 50% of the votes were cast in favour of the above ordinary resolution,

the above ordinary resolution was duly passed.

	Special Resolution	Number of Votes (%)
	For	Against
2.	To approve the Change of Company Name (as	1,130,410,000	274,989,407
	defined in the Circular) and to authorise any one	(80.43%)	(19.57%)
	or more of directors of the Company to take all
	such steps and execute all such documents in
	relation to the foregoing.

As more than 75% of the votes were cast in favour of the above special resolution, the above special resolution was duly passed.

As at the date of the EGM, the total number of issued Shares was 2,537,960,017, being the total number of Shares entitling the Shareholder to attend and vote on the resolutions at the EGM. There were no Shares entitling the Shareholder to attend and abstain from voting in favour of the resolutions at the EGM. No Shareholder was required under the Listing Rules to abstain from voting on the resolutions at the EGM. 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 EGM.

The Company's share registrar in Hong Kong, Tricor Investor Services Limited, acted as the scrutineer for the vote-taking at the EGM.

EFFECTIVE DATE OF THE SHARE CONSOLIDATION

The Board is pleased to announce that all the conditions for the Share Consolidation have been fulfilled and the Share Consolidation will become effective on Tuesday, 7 January 2020. Please refer to the Circular for the details, including the trading arrangement of the Consolidated Shares and the exchange and replacement of share certificates in respect of the Share Consolidation. The Shareholders should note that upon the Share Consolidation becoming effective, the colour of the share certificates of the Company will be changed from pink to sky blue.

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ADJUSTMENTS IN RELATION TO THE SHARE OPTIONS

As at the date of this announcement, there are outstanding Share Options for subscription of an aggregate of 32,880,000 Existing Shares under the Share Option Scheme. Upon the Share Consolidation becoming effective, adjustments will be made to the exercise prices and the number of Consolidated Shares falling to be allotted and issued upon exercise of the outstanding Share Options in accordance with the terms and conditions of the Share Option Scheme, Rule 17.03(13) of the Listing Rules as follows:

	Before adjustments	After adjustments
			Adjusted
	Number of		number of
	Existing		Consolidated
	Shares to be		Shares to be
	allotted and		allotted and
	issued upon		issued upon	Adjusted
	full exercise	Exercise	full exercise	exercise
	of the	price per	of the	price per
	outstanding	Existing	outstanding	Consolidated
	Share	Share	Share	Share
Date of grant	Options	(HK$)	Options	(HK$)
14 May 2015	21,500,000	1.69	1,075,000	33.8
22 December 2015	11,380,000	0.95	569,000	19.0

The adjusted exercise prices and number of Consolidated Shares falling to be allotted and issued upon exercise of the Share Options set out above have been reviewed and confirmed in writing by the Company's auditor, Crowe (HK) CPA Limited, as required under the Share Option Scheme. Save for the above adjustments, all other terms and conditions of the Share Option Scheme shall remain unchanged.

By order of the Board

Huiyin Smart Community Co., Ltd.

Yuan Li

Chairman

Beijing, PRC, 3 January 2020

As at the date of this announcement, the Board comprises four executive Directors, namely Mr. Yuan Li, Mr. Xu Xinying, Mr. Xin Kexia and Ms. Liu Simei, one non-executive Director, namely Ms. Xu Honghong and three independent non-executive Directors, namely Mr. Zhao Jinyong, Mr. Chen Rui and Mr. Fung Tak Choi.

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