Weiqiao Textile : POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 27 DECEMBER 2019

Hong Kong Exchange and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities 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.

魏橋紡織股份有限公司

Weiqiao Textile Company Limited*

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

(Stock Code: 2698)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 27 DECEMBER 2019

Reference is made to the circular (the "Circular") of Weiqiao Textile Company Limited (the "Company") dated 11 November 2019 and the notice (the "Notice") of the extraordinary general meeting (the "EGM") of the Company dated 11 November 2019. Terms used herein shall have the same meanings as defined in the Circular, unless the context requires otherwise.

The board (the "Board") of directors (the "Directors") of the Company is pleased to announce that at the EGM held on 27 December 2019, the proposed resolution (the "Resolution") as set out in the Notice was duly passed by the shareholders of the Company (the "Shareholders") by way of poll.

Computershare Hong Kong Investor Services Limited, the Company's H Share registrar in Hong Kong, was appointed as the scrutineer at the EGM for the purpose of vote-taking.

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POLL RESULTS OF THE EGM

The poll results in respect of the Resolution at the EGM are as follows:

	Ordinary Resolution		Number of Votes
	For	Against	Abstention
1. "That:	142,309,252	Nil	Nil
		H Shares

1. the renewed excess electricity supply

	agreement (the	"Renewed	Excess	Total:
	Electricity	Supply	Agreement")	142,309,252
	entered	into	between	the Company	Shares
	and	Shandong	Weiqiao	Chuangye	(100%)
	Group Company Limited (山東魏橋
	創業集團有限公司) (the "Parent
	Company", collectively with its
	subsidiaries	(excluding the	Group),
	the "Parent Group") on 21 October
	2019 be and is hereby approved and
	confirmed;
(b)	the	estimated	annual	maximum
	transaction values of the supply of
	excess electricity by the Group to the
	Parent Group (as set out in the
	announcement of the Company dated
	21 October 2019 and the Circular) for
	each of the three financial years
	ending	31	December	2022	(the
	"Annual Caps") be and are hereby
	approved and confirmed; and
(c)	any	Director	be and	is	hereby
	authorised to do further acts and
	things, enter into all such transactions
	and arrangements, execute such other
	documents and/or deeds and/or take all
	such steps, which in their opinion may
	be necessary, desirable or expedient to
	implement	the	Renewed	Excess
	Electricity Supply Agreement and the
	transactions	thereunder,	and	the
	Annual Caps."

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As at the date of the EGM, the total number of issued H Shares was 413,619,000 and the total number of issued Domestic Shares was 780,770,000. The Parent Company, who directly held 757,869,600 Domestic Shares and indirectly held 2,571,500 H Shares as at the date of the EGM, representing approximately 63.67% of the total issued Shares, and Ms. Zhang Hongxia and her family members, who jointly held 22,900,400 Domestic Shares as at the date of the EGM, representing approximately 1.92% of the total issued Shares, were required to abstain and had abstained from voting on the Resolution at the EGM. Accordingly, a total of 411,047,500 H Shares held by the Independent Shareholders were entitled to attend and vote for or against or abstain the Resolution at the EGM.

Save as disclosed above, there were no other Shareholders who were required under the Listing Rules to abstain from voting on the Resolution at the EGM and there were no Shares entitling the Shareholders to attend and abstain from voting in favour of the Resolution at the EGM as set out in Rule 13.40 of the Listing Rules and none of the Shareholders has stated their intention in the Circular to vote against or to abstain from voting on the Resolution at the EGM.

There was no proposal put forward at the EGM by any Shareholder(s) holding five (5) per cent or more of the Shares carrying the right to vote at the EGM.

As more than one half of the votes attaching to the Shares held by the Shareholders present and voting in person or by proxy at the EGM were cast in favour of the Resolution, the Resolution was duly passed.

By order of the Board

Weiqiao Textile Company Limited*

Zhang Jinglei

Executive Director and Company Secretary

Shandong, the PRC

27 December 2019

As at the date of this announcement, the Board comprises eight Directors, namely Ms. Zhang Hongxia, Ms. Zhang Yanhong, Ms. Zhao Suwen and Mr. Zhang Jinglei as executive Directors, Ms. Zhao Suhua as non-executive Director and Mr. George Chan Wing Yau, Mr. Chen Shuwen and Mr. Liu Yanzhao as independent non-executive Directors.

• For identification purposes only. The Company is registered in Hong Kong as a non-Hong Kong company under the English name "Weiqiao Textile Company Limited" and the Chinese name of the Company under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong).

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