General Announcement::Minutes of the Annual General Meeting held on 29 July 2021

CHINA KUNDA TECHNOLOGY HOLDINGS LIMITED

(Company No. 200712727W)

(Incorporated in Republic of Singapore)

MINUTES OF ANNUAL GENERAL MEETING HELD VIA LIVE WEBSITE THROUGH A LIVE AUDIO-VISUAL WEBCAST OR LIVE AUDIO-ONLY STREAM ON 29 JULY 2021 AT 9.00 A.M.

PRESENT	:	As	per	the Attendance List separately maintained by the
		Company
IN ATTENDENCE	:	As	per	the Attendance List separately maintained by the
		Company
CHAIRMAN	:	Mr Cai Kaoqun took the Chair of the Annual General Meeting

1. QUORUM
   It was noted that the number of members present was sufficient to form a quorum.
   There being a quorum present, the Chairman called the Annual General Meeting ("AGM") to order at 9.00 a.m.
2. NOTICE OF CONVENING THE MEETING
   The Notice convening the Annual General Meeting ("AGM") was taken as read.
3. VOTING BY WAY OF POLL
   The Chairman recapped that Shareholders had been informed via the Company's announcement made on SGXNet on 14 July 2021 that they would not be able to vote through the live webcast or audio conference. The only way for Shareholders to exercise their voting rights was to appoint the Chairman of the AGM as proxy. The Chairman informed the Shareholders that in his capacity as Chairman of the AGM, he had been appointed as proxy by some Shareholders and he had voted in accordance with their instructions, which have been accounted for in the polling for the resolutions tabled at the AGM.
   The Chairman further informed the Shareholders that voting on all resolutions to be passed at the AGM would be conducted on poll basis by proxy voting and no voting would be conducted at the AGM. He added that as Chairman of the AGM, he will move all motions and this will be a move away from seeking seconders. Harry Elias Partnership LLP and Boardroom Corporate & Advisory Pte. Ltd. have been appointed to act as the Scrutineer and Polling Agent respectively for the AGM.
4. QUERIES RECEIVED
   The Chairman noted that there would not be a question and answer session at the AGM. Shareholders had been requested to raise questions in advance, as disclosed in the Notice of AGM. The Chairman informed that there were no questions received from shareholders by the stipulated deadline.

CHINA KUNDA TECHNOLOGY HOLDINGS LIMITED

Minutes of Annual General Meeting held on 29 July 2021

Page 2 of 8

1. ORDINARY BUSINESS
   RESOLUTION 1: RECEIPT AND ADOPTION OF THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021 TOGETHER WITH THE REPORTS OF THE DIRECTORS AND AUDITORS AND THE STATEMENT OF DIRECTORS
   The Annual General Meeting proceeded to receive and consider the Audited Financial Statements for the financial year ended 31 March 2021 together with the Reports of the Directors and Auditors, and the Statement of Directors.
   The Chairman moved that Resolution 1 be tabled for approval.
   The Chairman read out the results of the vote and declared the resolution duly passed.

		No. of Shares		Percentage (%)
	No. of votes in favour of the Resolution	155,307,000		99.99%
	No. of votes against Resolution	20,400		0.01%
	Total number of shares represented by votes for	155,327,400		100%
	and against the Resolution

IT WAS RESOLVED THAT the Audited Financial Statements for the financial year ended 31 March 2021 together with the Reports of the Directors and Auditors and Statement of Directors thereon be received and adopted.

RESOLUTION 2: APPROVAL FOR PAYMENT OF DIRECTORS' FEES OF S$140,000 FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

The Directors had recommended the payment of a sum of up to S$140,000 as Directors' fees for the financial year ending 31 March 2021.

The Chairman moved that Resolution 2 be tabled for approval.

The Chairman read out the results of the vote and declared the resolution duly passed.

		No. of Shares		Percentage (%)
	No. of votes in favour of the Resolution	155,307,000		99.99%
	No. of votes against Resolution	20,400		0.01%
	Total number of shares represented by votes for	155,327,400		100%
	and against the Resolution

IT WAS RESOLVED THAT the payment of Directors' fees of up to S$140,000 for the financial year ending 31 March 2021 be approved.

CHINA KUNDA TECHNOLOGY HOLDINGS LIMITED

Minutes of Annual General Meeting held on 29 July 2021

Page 3 of 8

RESOLUTION 3: RE-ELECTION OF MR CAI KAOQUN AS A DIRECTOR

Mr Cai Kaoqun was retiring as Director of the Company pursuant to Regulation 107 of the Company's Constitution and had signified his consent to continue in office.

As Resolution 3 was related to Mr Cai Kaoqun, Mr Hau Khee Wee ("Mr Hau") as the lead independent director took the chair and moved that Resolution 3 to be tabled for approval.

Mr Hau read out the results of the vote and declared the resolution duly passed.

			No. of Shares		Percentage (%)
		No. of votes in favour of the Resolution	155,307,000		99.99%
		No. of votes against Resolution	20,400		0.01%
		Total number of shares represented by votes for	155,327,400		100%
		and against the Resolution
IT WAS RESOLVED THAT Mr Cai Kaoqun be re-elected as a Director of the Company.

RESOLUTION 4: RE-ELECTION OF MR LIM YIT KEONG AS A DIRECTOR

Mr Lim Yit Keong was retiring as Director of the Company pursuant to Regulation 107 of the Company's Constitution and had signified his consent to continue in office.

The Chairman moved that Resolution 4 be tabled for approval.

The Chairman read out the results of the vote and declared the resolution duly passed.

		No. of Shares		Percentage (%)
	No. of votes in favour of the Resolution	155,307,000		99.99%
	No. of votes against Resolution	20,400		0.01%
	Total number of shares represented by votes for	155,327,400		100%
	and against the Resolution

IT WAS RESOLVED THAT Mr Lim Yit Keong be re-elected as a Director of the Company.

RESOLUTION 5: CONTINUED APPOINTMENT OF MR LIM YIT KEONG AS AN INDEPENDENT DIRECTOR BY ALL SHAREHOLDERS

Upon passing of Resolution 4 above, Resolution 5 dealt with Mr Lim Yit Keong, who has served on the Board beyond nine (9) years from the date of his first appointment, to continue his appointment as an Independent Director of the Company to be approved by all shareholders, in accordance with Rule 406(3)(d)(iii)(A) of the Catalist Rules. Mr Lim Yit Keong will not be considered an Independent Director on 1 January 2022 unless his appointment as an Independent Director is approved in separate resolutions by (A) all shareholders in Resolution 5, and (B) shareholders, excluding the directors, the chief executive officer and their respective associates in Resolution 6.

The Chairman moved that Resolution 5 be tabled for approval.

CHINA KUNDA TECHNOLOGY HOLDINGS LIMITED

Minutes of Annual General Meeting held on 29 July 2021

Page 4 of 8

The Chairman read out the results of the vote and declared the resolution duly passed.

		No. of Shares		Percentage (%)
	No. of votes in favour of the Resolution	155,307,000		99.99%
	No. of votes against Resolution	20,400		0.01%
	Total number of shares represented by votes for	155,327,400		100%
	and against the Resolution

IT WAS RESOLVED THAT upon passing of Resolution 4 and 6, the continued appointment of Mr Lim Yit Keong as an Independent Director of the Company be and is hereby approved.

RESOLUTION 6: CONTINUED APPOINTMENT OF MR LIM YIT KEONG AS AN INDEPENDENT DIRECTOR BY SHAREHOLDERS (EXCLUDING THE DIRECTORS, CHIEF EXECUTIVE OFFICEROF THE COMPANY, AND THEIR RESPECTIVE ASSOCIATES)

Upon passing of Resolution 4 and 5 above, Resolution 6 dealt with the continued appointment of Mr Lim Yit Keong as an Independent Director of the Company to be approved by shareholders, excluding the directors, chief executive officer of the Company and their respective associates, in accordance with Rule 406(3)(d)(iii)(B) of the Catalist Rules. Upon due approval, the approval shall remain in force until the earlier of: (a) the retirement or resignation of the Director, or (b) the conclusion of the third Annual General Meeting from the aforesaid approval.

The Chairman moved that Resolution 6 be tabled for approval.

The Chairman read out the results of the vote and declared the resolution duly passed.

		No. of Shares		Percentage (%)
	No. of votes in favour of the Resolution	13,023,000		99.84%
	No. of votes against Resolution	20,400		0.16%
	Total number of shares represented by votes for	13,043,400		100%
	and against the Resolution

IT WAS RESOLVED THAT upon passing of Resolution 4 and 5, the continued appointment of Mr Lim Yit Keong as an Independent Director of the Company be and is hereby approved by shareholders, excluding the directors, chief executive officer of the Company and their respective associates.

RESOLUTION 7: CONTINUED APPOINTMENT OF MR HAU KHEE WEE AS AN INDEPENDENT DIRECTOR BY ALL SHAREHOLDERS

Resolution 7 dealt with Mr Hau Khee Wee, who has served on the Board beyond nine (9) years from the date of his first appointment, to continue his appointment as an Independent Director of the Company to be approved by all shareholders, in accordance with Rule 406(3)(d)(iii)(A) of the Catalist Rules. Mr Hau Khee Wee will not be considered an Independent Director on 1 January 2022 unless his appointment as an Independent Director is approved in separate resolutions by (A) all shareholders in Resolution 7, and (B) shareholders, excluding the directors, chief executive officer and their respective associates in Resolution 8.

CHINA KUNDA TECHNOLOGY HOLDINGS LIMITED

Minutes of Annual General Meeting held on 29 July 2021

Page 5 of 8

The Chairman moved that Resolution 7 be tabled for approval.

The Chairman read out the results of the vote and declared the resolution duly passed.

		No. of Shares		Percentage (%)
	No. of votes in favour of the Resolution	155,307,000		99.99%
	No. of votes against Resolution	20,400		0.01%
	Total number of shares represented by votes for	155,327,400		100%
	and against the Resolution

IT WAS RESOLVED THAT upon passing of Resolution 8, the continued appointment of Mr Hau Khee Wee as an Independent Director of the Company be and is hereby approved.

RESOLUTION 8: CONTINUED APPOINTMENT OF MR HAU KHEE WEE AS AN INDEPENDENT DIRECTOR BY SHAREHOLDERS (EXCLUDING THE DIRECTORS, CHIEF EXECUTIVE OFFICER OF THE COMPANY, AND THEIR RESPECTIVE ASSOCIATES)

Upon passing of Resolution 7 above, Resolution 8 dealt with the continued appointment of Mr Hau Khee Wee as an Independent Director of the Company to be approved by shareholders, excluding the directors, chief executive officer of the Company and their respective associates, in accordance with Rule 406(3)(d)(iii)(B) of the Catalist Rules. Upon due approval, the approval shall remain in force until the earlier of: (a) the retirement or resignation of the Director, or (b) the conclusion of the third Annual General Meeting from the aforesaid approval.

The Chairman moved that Resolution 8 be tabled for approval.

The Chairman read out the results of the vote and declared the resolution duly passed.

		No. of Shares		Percentage (%)
	No. of votes in favour of the Resolution	13,023,000		99.84%
	No. of votes against Resolution	20,400		0.16%
	Total number of shares represented by votes for	13,043,400		100%
	and against the Resolution

IT WAS RESOLVED THAT upon passing of Resolution 7, the continued appointment of Mr Hau Khee Wee as an Independent Director of the Company be and is hereby approved by shareholders, excluding the directors, chief executive officer of the Company and their respective associates.

RESOLUTION 9: RE-APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S AUDITORS AND AUTHORISATION OF THE DIRECTORS TO FIX THEIR REMUNERATION

The Audit Committee had recommended to the Board of Directors that Messrs Ernst & Young LLP be re-appointed as the Auditors of the Company. Messrs Ernst & Young LLP, who are the Auditors of the Company, have expressed their willingness to continue in office.

The Chairman moved that Resolution 9 be tabled for approval.