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    2314   KYG5427W1309

LEE AND MAN PAPER MANUFACTURING LIMITED

(2314)
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Lee and Man Paper Manufacturing : Poll Results of the Annual General Meeting

04/30/2021 | 05:38am EST

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 liabilities whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

*

(Incorporated in the Cayman Islands and its members' liability is limited)

(Stock Code: 2314)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

The Board is pleased to announce that, on 30 April 2021, the Company held the AGM at which the ordinary resolutions proposed in the AGM Notice were duly passed.

The board of directors (the "Board") of Lee & Man Paper Manufacturing Limited (the "Company") is pleased to announce that, at the Annual General Meeting (the "AGM") held on 30 April 2021, the ordinary resolutions proposed in the notice of the AGM dated 29 March 2021 (the "Notice") were duly passed by the shareholders of the Company (the "Shareholders") present thereat by way of poll voting in which Tricor Investor Services Limited acted as scrutineer for the vote taking.

As at the date of the AGM, the total number of issued shares of the Company (the "Shares") was 4,346,642,000 Shares. No Shareholders were required to abstain from voting at the AGM. Accordingly, the total number of Shares entitling the Shareholders to attend and vote at the AGM for or against the ordinary resolutions set out in the AGM Notice was 4,346,642,000.

The Shares representing the votes cast for or against the resolutions voted upon by the Shareholders at the AGM were as follows:

Ordinary Resolutions

No. of Shares (%)

Total number

For

Against

of votes

1.

To receive, consider and adopt the audited

2,417,327,436

8,190,011

2,425,517,447

consolidated financial statements and the

(99.66%)

(0.34%)

reports of the directors and of the auditors

of the Company for the year ended 31

December 2020.

  • For identification purposes only

- 1 -

Ordinary Resolutions

No. of Shares (%)

Total number

For

Against

of votes

2.

To declare a final dividend for the year

2,425,517,436

11

2,425,517,447

ended 31 December 2020.

(99.99%)

(0.01%)

3.

To re-elect Professor Poon Chung Kwong as

2,361,003,148

64,514,299

2,425,517,447

a non-executive director of the Company.

(97.34%)

(2.66%)

4.

To re-elect Mr. Wong Kai Tung Tony as

2,291,867,098

133,650,349

2,425,517,447

an independent non-executive director of

(94.49%)

(5.51%)

the Company.

5.

To authorise the board of directors

2,415,264,820

10,252,627

2,425,517,447

("Directors") of the Company to approve

(99.58%)

(0.42%)

and confirm the terms of appointment

(including remuneration) for Mr. Peter

A. Davies, an independent non-executive

director of the Company.

6.

To authorise the Directors of the Company

2,277,098,527

148,418,920

2,425,517,447

to approve and confirm the terms of

(93.88%)

(6.12%)

appointment (including remuneration)

for Mr . Chau Shing Yim David, an

independent non-executive director of the

Company.

7.

To approve, confirm and ratify the

2,278,908,044

146,609,403

2,425,517,447

remuneration paid to directors for the year

(93.96%)

(6.04%)

ended 31 December 2020 as set out in the

annual report of the Company for the year

ended 31 December 2020.

8.

To authorise the Directors of the Company

2,273,534,527

151,982,920

2,425,517,447

to fix the remuneration of the directors

(93.73%)

(6.27%)

for the year ending 31 December 2021 in

accordance with their service contracts

or letters of appointment. The bonuses in

favour of the Directors shall be decided

by the majority of the Directors provided

that the total amount of bonus payable

to all the Directors in respect of any one

financial year shall not exceed 10% of

the consolidated profit after taxation of

the Company and its subsidiaries for the

relevant year.

9.

To re-appoint Messrs. Deloitte Touche

2,412,489,870

13,027,577

2,425,517,447

Tohmatsu as auditors for the ensuing year

(99.46%)

(0.54%)

and to authorise the Directors to fix their

remuneration.

- 2 -

Ordinary Resolutions

No. of Shares (%)

Total number

For

Against

of votes

10.

To grant the general mandate to the

1,882,155,761

543,361,686

2,425,517,447

Directors of the Company to allot, issue

(77.60%)

(22.40%)

and deal with the Company's shares not

exceeding 20% of the issued share capital

of the Company, in the terms as set out

in ordinary resolution number 10 in the

Notice.

11.

To grant a general mandate to the Directors

2,417,161,326

7,300,011

2,424,461,337

o f t h e C o m p a n y t o r e p u r c h a s e t h e

(99.70%)

(0.30%)

Company's shares not exceeding 10% of

the issued share capital of the Company, in

the terms as set out in ordinary resolution

number 11 in the Notice.

12.

To approve the extension of the general

1,886,824,278

538,693,169

2,425,517,447

mandate to be granted to the Directors of

(77.79%)

(22.21%)

the Company to allot, issue and deal with

the Company's shares by an amount not

exceeding the amount of the Company's

shares repurchased by the Company, in

the terms as set out in ordinary resolution

number 12 in the Notice.

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

By order of the Board

Lee & Man Paper Manufacturing Limited

Cheung Kwok Keung

Company Secretary

Hong Kong, 30 April 2021

As at the date of this announcement, the board of directors of the Company comprises three executive directors, namely Dr. Lee Man Chun Raymond, Mr. Lee Man Bun and Mr. Li King Wai Ross, one non-executive director, namely Professor Poon Chung Kwong, and three independent non-executive directors, namely Mr. Wong Kai Tung Tony, Mr. Peter A. Davies and Mr. Chau Shing Yim David.

- 3 -

Disclaimer

Lee & Man Paper Manufacturing Ltd. published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 09:37:04 UTC.


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Technical analysis trends LEE AND MAN PAPER MANUFACTURING LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 5,47 HKD
Average target price 7,67 HKD
Spread / Average Target 40,3%
EPS Revisions
Managers and Directors
Man Bun Lee Chief Executive Officer & Executive Director
Kwok Keung Cheung Chief Financial Officer & Secretary
Man Chun Lee Chairman
Peter A. Davies Independent Non-Executive Director
Shing Yim Chau Independent Non-Executive Director
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