Teamway International : (1) POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 27 JULY 2020; AND (2) APPOINTMENT OF SECURITIES FIRM FOR ODD LOTS ARRANGEMENT AND MATCHING SERVICES

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TEAMWAY INTERNATIONAL GROUP HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 01239)

1. POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 27 JULY 2020; AND
2. APPOINTMENT OF SECURITIES FIRM FOR ODD LOTS ARRANGEMENT AND MATCHING SERVICES

Financial Adviser to the Company

Euto Capital Partners Limited

The Board is pleased to announce that all ordinary resolutions set out in the EGM Notice dated 10 July 2020 were duly passed by the Shareholders by way of poll at the EGM held on 27 July 2020.

References are made to the circular (the "Circular") and the notice (the "EGM Notice") both dated 10 July 2020 of Teamway International Group Holdings Limited (the "Company") in relation to, among other things, the extraordinary general meeting of the Company (the "EGM") scheduled to be held on 27 July 2020 for considering and approving the Share Consolidation, the Rights Issue and the Placing (including the Specific Mandate). Capitalised terms used in this announcement shall have the same meanings as those defined in the Circular and the EGM Notice unless stated otherwise.

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POLL RESULTS OF THE EGM

The Board is pleased to announce that all ordinary resolutions (the "Resolutions") as set out in the EGM Notice were duly passed by the Shareholders by way of poll at the EGM held on 27 July 2020.

As at the date of the EGM, the total number of Shares in issue was 1,384,734,000, which was the total number of Shares entitling the Shareholders to attend and vote on the ordinary resolutions in relation to the Share Consolidation, the Rights Issue and the Placing (including the Specific Mandate) (collectively, the "Resolutions") at the EGM. There were no restrictions on the Shareholders to cast votes on any of the resolutions proposed at the EGM. There were no Shares entitling the holders to attend and abstain from voting in favour of any of the Resolutions pursuant to Rule 13.40 of the Listing Rules. It is noted that no other parties had indicated in the Circular their intention to vote against or abstain from voting on the Resolutions at the EGM.

Tricor Investor Services Limited, the Hong Kong branch share registrar of the Company, was appointed as the scrutineer for the purpose of the poll taken at the EGM.

The poll results of the Resolutions are as follows:

	Ordinary resolutions (Note2)	Number of votes cast (%) (Note 1)
	For	Against
1.	To approve the Share Consolidation	663,784,560	0
		(100.00%)	(0.00%)
2.	To approve the Rights Issue	663,784,560	0
		(100.00%)	(0.00%)
3.	To approve the Placing (including the Specific	663,784,560	0
	Mandate)	(100.00%)	(0.00%)

Notes:

1. The number of votes and the approximate percentage of total votes as stated above are based on the total number of issued Shares held by the Shareholders who attended and voted at the EGM in person, by authorised representative or by proxy.
2. For the full text of the Resolution, please refer to the EGM Notice as contained in the Circular.

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

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EFFECTIVE DATE OF THE SHARE CONSOLIDATION

The Board further announces that as all the conditions for the implementation of the Share Consolidation have been fulfilled, the proposed Share Consolidation will become effective on 29 July 2020. Please refer to the Circular for the timetable, the trading arrangements and other details of the Share Consolidation.

APPOINTMENT OF SECURITIES FIRM FOR ODD LOTS ARRANGEMENT AND MATCHING SERVICES

In order to facilitate the trading of odd lots (if any) of the Shares arising from the Share Consolidation and the Rights Issue, on 27 July 2020, the Company has appointed Orient Securities Limited as an agent to provide matching service, on a best effort basis, to those Shareholders who wish to acquire odd lots of the Shares to make up a full board lot, or to dispose of their holding of odd lots of the Shares during the period from Wednesday, 12 August 2020 to Tuesday, 1 September 2020 (both dates inclusive).

Shareholders who wish to take advantage of this service should contact Mr. Lai Ming Him of Orient Securities Company Limited at Room 3101, 31/F, China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong or at (852) 2123 2292 during office hours (i.e. 9:00 a.m. to 5:00 p.m.) of such period. Shareholders should note that successful matching of the sale and purchase of odd lots of the Shares is not guaranteed. Shareholders who are in doubt about this service are recommended to consult their professional advisors.

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DISPATCH OF THE PROSPECTUS DOCUMENTS

Subject to the registration of the Prospectus Documents with the Registrar of Companies in Hong Kong, it is expected that (i) the Prospectus Documents will be dispatched on Monday, 10 August 2020 to the Qualifying Shareholders whose names appear on the register of members of the Company on the Record Date, i.e. Friday, 7 August 2020; and (ii) the Prospectus will be dispatched on Monday, 10 August 2020 to the Prohibited Shareholder(s) for their information purposes only. Qualifying Shareholders are reminded that the Latest Time for Acceptance of the Rights Issue is currently scheduled for 4:00 p.m. on Monday, 24 August 2020.

By Order of the Board

Teamway International Group Holdings Limited

Ngai Mei

Executive Director

Hong Kong, 27 July 2020

As at the date of this announcement, the Board comprises Ms. Ngai Mei and Ms. Duan Mengying as executive Directors; Mr. Poon Lai Yin Michael, Mr. Chow Ming Sang and Mr. Chan Ka Leung Kevin as independent non-executive Directors.

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