Huaxi : Announcements and Notices - (1) POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 24 JANUARY 2018; (2) SHARE SUBDIVISION; AND (3) ADJUSTMENTS IN RELATION TO THE OUTSTANDING SHARE OPTIONS

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HUAXI HOLDINGS COMPANY LIMITED ശᐤછٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01689)

(1) POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

HELD ON 24 JANUARY 2018;

(2) SHARE SUBDIVISION; AND

(3) ADJUSTMENTS IN RELATION TO THE OUTSTANDING SHARE OPTIONS

References are made to the circular (the ''Circular'') of Huaxi Holdings Company Limited (the ''Company'') dated 8 January 2018, and the notice of extraordinary general meeting of the Company (the ''EGM'') dated 8 January 2018 (the ''EGM Notice''). Unless the context requires otherwise, terms used herein shall have the same meanings as those defined in the Circular.

POLL RESULTS OF THE EGM

At the EGM of the Company held on 24 January 2018, the proposed resolution as set out in the EGM Notice was duly passed by the Shareholders by way of poll and the poll results are set out as follows:

1.

No. of Votes (%)

ORDINARY RESOLUTION

For Against

To approve the Share Subdivision.(Note)

229,630,400

(100%)

0 (0%)

Note:

The full text of the ordinary resolution is set out in the EGM Notice.

As at the date of the EGM, the total number of Shares of the Company in issue entitling the holders to attend and vote on the resolution proposed in the EGM Notice was 339,250,000 Shares. There were no shares entitling the holders to attend and abstain from voting in favour as set out in Rule 13.40 of the Listing Rules. No Shareholder was required under the Listing Rules to abstain from voting at the EGM. 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.

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

Computershare Hong Kong Investor Services Limited, the Company's branch share registrar and transfer office in Hong Kong, was appointed as the scrutineer for the poll taken at the EGM.

SHARE SUBDIVISION

All the conditions precedent to the Share Subdivision had been fulfilled and the Share Subdivision will become effective on Thursday, 25 January 2018. Dealings in the Subdivided Shares will commence at 9:00 a.m. on Thursday, 25 January 2018. Shareholders may, during the period from Thursday, 25 January 2018 to Tuesday, 6 March 2018 (both days inclusive) between 9:00 a.m. and 4:30 p.m. on any Business Day, submit share certificates for the existing Shares in purple colour to the Company's branch share registrar and transfer office in Hong Kong, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17/F., Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong, to exchange, at the expense of the Company, for new certificates of the Subdivided Shares in blue colour. Please refer to the Circular for further details of the trading arrangements in relation to the Subdivided Shares and exchange of new share certificates.

ADJUSTMENTS IN RELATION TO THE OUTSTANDING SHARE OPTIONS

As at the date of this announcement, there were 25,790,000 outstanding Share Options granted under the share option scheme of the Company entitling the holders thereof to subscribe for up to an aggregate of 25,790,000 existing Shares. Pursuant to the terms and conditions of the Share Options and under the terms and conditions of the share option scheme of the Company granting such Share Options, the exercise price of the ShareOptions and the number of Subdivided Shares to be allotted and issued upon full exercise of the subscription rights attaching to the Share Options shall be adjusted in the following manner as a result of the Share Subdivision:

Immediately before the Share	Immediately after the Share
Subdivision becoming effective	Subdivision becoming effective
Adjusted number
of Subdivided
Shares to be
allotted and
issued upon full
exercise of the
subscription	subscription
rights attaching	Adjusted exercise rights attaching

Number of Shares to be allotted and issued upon full exercise of the

Exercise price	to the Share	price per	to the Share
per Share	Options	Subdivided Share	Options
Share Options	2.58	25,790,000	1.29	51,580,000

The Company's auditor has issued a confirmation letter to the Company with respect to the calculations of the adjustments that have been made to the exercise price of the Share Options and the number of Shares that are subject to the outstanding Share Options as a result of the Share Subdivision.

By order of the Board

Huaxi Holdings Company Limited

Zheng Andy Yi Sheng

Chairman

Hong Kong, 24 January 2018

As at the date of this announcement, the Board comprises Mr. Zheng Andy Yi Sheng and Mr. Zheng Minsheng as executive Directors; and Mr. Lau Kwok Hung, Mr. Fok Po Tin and Mr. Ma Wenming as independent non-executive Directors.