OREANDA-NEWS. August 01, 2012. The Board is pleased to announce that Resolution 1 and Resolution 2 were duly passed by the Independent Shareholders by way of poll at the SGM, reported the press-centre of Burwill Holdings.

Reference is made to the announcement of the Company dated 31 May 2012 and the circular of the Company dated 29 June 2012 (the “Circular”) in relation to, among other things, the Share Repurchase and the Whitewash Waiver. Capitalised terms used herein have the same meanings as defined in the Circular unless otherwise specified.

POLL RESULTS OF THE SGM
The Board is pleased to announce that the special resolution in respect of the Share Repurchase (“Resolution 1”) and the ordinary resolution in respect of the Whitewash Waiver (“Resolution 2”, together with Resolution 1, the “Resolutions”) were duly passed by the Independent Shareholders by way of poll at the SGM.

At the SGM, a poll was demanded by the Chairman of the SGM for voting on the Resolutions as set out in the notice of SGM.

As at the date of the SGM, a total number of 4,875,359,685 Shares were in issue. As stated in the Circular, the Resolutions were subject to the approval by the Independent Shareholders by way of poll. Glory Add Concert Group holding in aggregate 1,944,383,159 Shares and the Vendors holding in aggregate 685,700,000 Shares were required under the Repurchase Code, the Takeovers Code and the Listing Rules to abstain from voting on the Resolutions at the SGM.

The abovementioned parties had abstained from voting on the Resolutions at the SGM. Accordingly, the total number of Shares entitling the Independent Shareholders to attend and vote for or against the Resolutions at the SGM was 2,245,276,526 Shares. There were no Shares entitling the Independent Shareholders to attend and abstain from voting in favour as set out in Rule 13.40 of the Listing Rules.