Shandong International Trust : POLL RESULTS OF 2021 FIRST EXTRAORDINARY GENERAL MEETING HELD ON 30 MARCH 2021 AND PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR

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.

Shandong International Trust Co., Ltd.

ʆ؇޲਷ყڦৄٰ΅Ϟࠢʮ̡

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1697)

POLL RESULTS OF 2021 FIRST EXTRAORDINARY GENERAL

MEETING HELD ON 30 MARCH 2021

AND

PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR

Shandong International Trust Co., Ltd. (the "Company") is pleased to announce that the 2021 first extraordinary general meeting (the "EGM") was held at Room 1204, Lucion Building, No. 166 Jiefang Road, Lixia District, Jinan, Shandong Province, the PRC on Tuesday, 30 March 2021, at 9:00 a.m.

Reference is made to the circular of the Company dated 15 March 2021 (the "Circular"). Unless otherwise stated, capitalised terms used herein shall have the same meanings as defined in the Circular.

As at the date of the EGM, the total number of issued Shares of the Company was 4,658,850,000, including 3,494,115,000 Domestic Shares and 1,164,735,000 H Shares, being the total number of Shares entitling the Shareholders to attend and vote for or against the resolution proposed at the EGM.

Shareholders and authorised proxies who attended the EGM held an aggregate of 3,981,135,600 Shares with voting rights, representing approximately 85.45% of the total issued share capital of the Company as at the date of the EGM. There were no restrictions on any Shareholder to cast votes on the resolution proposed at the EGM. There was no Shares entitling any Shareholders to attend and vote only against the resolution proposed at the EGM. No person has stated his/her/its intention in the Circular that he/she/it would vote against the proposed resolution or that he/she/it would abstain from voting at the EGM.

The holding of the EGM is in compliance with the requirements of the Company Law of the PRC and the Articles of Association. Mr. Wan Zhong, Chairperson and executive Director of the Company, presided over the EGM. Shareholder representatives, a supervisor representative of the Company, a lawyer from Fangda Partners and a representative of Computershare Hong Kong Investor Services Limited (the H Share Registrar of the Company) jointly acted as the vote counters and scrutineers for the voting at the EGM.

POLL RESULTS OF THE EGM

The poll results of the resolution proposed at the EGM are as follows:

Ordinary Resolution	Number of votes (%)
For	Against	Abstain
To consider and approve the appointment of Mr. Fang Hao as an executive Director of the Company.	3,981,135,600 (100%)	0 (0%)	0 (0%)

As more than half of the votes were cast in favour of the resolution, it was duly passed at the EGM.

Save as the above resolution, the Company has not received any proposal put forward by any Shareholders holding 3% or more of the voting shares of the Company.

UPDATE ON THE PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR

Reference is made to the announcement of the Company dated 3 February 2021, in relation to, among other things, the proposal of the Board to appoint Mr. Fang Hao ("Mr. Fang") as an executive Director.

The proposed appointment of Mr. Fang as an executive Director has been approved by the Shareholders at the EGM by way of an ordinary resolution. Such appointment is still subject to the consideration and approval by the Shandong Office of CBIRC.

The term of office of Mr. Fang as an executive Director shall commence from the date of approval of his appointment by the Shareholders and approval of his qualification by the Shandong Office of CBIRC until the expiry of the second session of the Board. Mr. Fang will enter into a service contract with the Company, and he will receive remuneration from the Company for his position as the general manager of the Company but will not receive additional remuneration for his position as an executive Director. The remuneration of Mr. Fang is composed of two parts, being the basic salary of RMB900,000 per annum and performance-based and tenure incentive remuneration to be determined with reference to his duties and responsibilities and the Company's business performance. The Company will disclose the remuneration of the Directors in its annual report.

Please refer to the Circular for the biographical details of Mr. Fang. The Company confirmed that there is no change in the biographical details of Mr. Fang between the publication date of the Circular and the date of this announcement.

As at the date of this announcement, Mr. Fang does not hold any positions in the Company. Save as disclosed in his biographical details, Mr. Fang confirms that (i) he has not held any other directorships in other listed companies in last three years; (ii) he has no relationship with any other Directors, Supervisors, senior management, substantial Shareholders or controlling Shareholders of the Company; and (iii) he does not have any equity interests in the Shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, there is no other information relating to the appointment of Mr. Fang that needs to be disclosed pursuant to the requirements of Rules 13.51(2)(h) to (v) of the Listing Rules, and there is no other matter that needs to be brought to the attention of the Shareholders.

By order of the Board Shandong International Trust Co., Ltd.

WAN Zhong

Chairperson

Jinan, the People's Republic of China

30 March 2021

As at the date of this announcement, the Board comprises Mr. Wan Zhong and Mr. Yue Zengguang as executive directors; Mr. Xiao Hua, Mr. Jin Tongshui and Ms. Wang Bailing as non-executive directors; Mr. Yen Huai-chiang, Mr. Ding Huiping and Ms. Meng Rujing as independent non-executive directors.