Target Insurance : POLL RESULTS OF THE GENERAL MEETING HELD ON 29 MARCH 2021

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TARGET INSURANCE (HOLDINGS) LIMITED 泰加保險（控股）有限公司

(Incorporated in Hong Kong with limited liability)

(Stock code : 06161)

POLL RESULTS OF THE GENERAL MEETING

HELD ON 29 MARCH 2021

The Board announces that all resolutions as set out in the GM Notice dated 11 March 2021 were duly passed by way of poll at the GM held on 29 March 2021.

Reference is made to the circular (the "Circular") and the notice (the "GM Notice") convening the general meeting ("GM") of Target Insurance (Holdings) Limited (the "Company"), both dated 11 March 2021, in relation to, among other things, the Subscription and the re-election of the Retiring Directors. Capitalized terms used in this announcement shall have the same meanings as those defined in the Circular unless defined otherwise herein.

POLL RESULTS OF THE GM

The Board announces that all resolutions (the "Resolutions") as set out in the GM Notice dated 11 March 2021 were duly passed by way of poll at the GM held on 29 March 2021.

As stated in the Circular, the Subscription Agreement and the transactions contemplated thereunder (including the grant of the Specific Mandate) was subject to the approval of the Independent Shareholders at the GM. The Subscriber is considered to have a material interest in the Subscription Agreement and the transactions contemplated thereunder (including the grant of the Specific Mandate) and accordingly the Subscriber and its associates were required to abstain and had abstained from voting on resolution no. 1 of the Resolutions at the GM.

Save as disclosed above, to the best of the Directors' knowledge, information and belief, having made all reasonable enquiries, no other Shareholder had any material interest in (i) the Subscription Agreement and the transactions contemplated thereunder (including the grant of the Specific Mandate); or (ii) the re-election of the Retiring Directors. Accordingly, no other Shareholder was required to abstain from voting at the GM under the Listing Rules.

As at the date of the GM, the total number of issued shares of the Company was 625,692,000 Shares, of which 138,822,000 Shares were held by the Subscriber. Accordingly, the total number of Shares entitling the Shareholders to attend and vote for or against resolution no. 1 of the Resolutions at the GM was 486,870,000 Shares, representing approximately 77.81% of the total number of Shares in issue as at the date of the GM.

No Shareholder was entitled to attend but was required to abstain from voting in favor of the resolutions at the GM pursuant to Rule 13.40 of the Listing Rules. Save as disclosed above, no Shareholder had stated his/her/its intention in the Circular to vote against or to abstain from voting at the GM.

The Company's share registrar and transfer office, Tricor Investor Services Limited, was appointed as the scrutineer for the vote-taking at the GM.

The poll results in respect of the Resolutions proposed at the GM were as follows:

Resolutions (Note)	Number of Votes (approximate %)	Total Number of Votes
For	Against
1.	To approve the Subscription Agreement and the transactions contemplated thereunder (including the grant of the Specific Mandate) as set out in the GM Notice.	260,072,130 (99.99%)	12,820 (Negligible)	260,084,950
2.	(a)	Tore-electHaywood Director. asDr. an Cheung executive	398,916,730 (99.99%)	220 (Negligible)	398,916,950
(b)	To re-elect Mr. Muk Wang Lit Jimmy as an executive Director.	398,916,730 (99.99%)	220 (Negligible)	398,916,950
(c)	To re-elect Mr. Chan Hok Ching as an executive Director.	398,916,730 (99.99%)	220 (Negligible)	398,916,950
(d)	To re-elect Mr. Wan Kam To as an independent non-executive Director.	398,916,730 (99.99%)	220 (Negligible)	398,916,950
(e)	To re-elect Mr. Wong Shiu Hoi Peter as an independent non-executive Director.	398,916,730 (99.99%)	220 (Negligible)	398,916,950

Note: The full text of the Resolutions was set out in the GM Notice.

As more than 50% of the votes were cast in favour of each of the above Resolutions, each of the above Resolutions was duly passed as an ordinary resolution of the Company.

By Order of the Board

Target Insurance (Holdings) Limited

Tse Kam Fai

Company Secretary

Hong Kong, 29 March 2021

As at the date of this announcement, the Board comprises nine executive Directors, namely Dr. Cheung Haywood (Chairman), Mr. Ng Yu (Co-chairman), Mr. Muk Wang Lit Jimmy (Chief Executive Officer), Mr. Chan Hok Ching, Ms. Lau Ka Yee, Mr. Wei Weicheng, Mr. Lin Feng, Mr. Dai Chengyan, and Mr. Rui Yuanqing; and five independent non-executive Directors, namely Mr. Wan Kam To, Mr. Wong Shiu Hoi Peter, Mr. Anthony Espina, Mr. Leung Ho Yin Alexander and Dr. Wang Jun Sheng.