Achilles Investment Company Ltd.

AGM Information • Apr 12, 2022

National Storage Mechanism | Additional information

RNS Number : 1664I

abrdn China Investment Company Ltd.

12 April 2022

abrdn China Investment Company Limited ("ACIC" or the "Company")

(Formerly Aberdeen Emerging Markets Investment Company Limited)

LEI: 213800RIA1NX8DP4P938

Result of Annual General Meeting ("AGM")

The Board of the Company announces that at the Company's AGM held earlier today all the resolutions were passed.

A summary of the resolutions and the proxy voting figures received in advance of the meeting are shown below:

AGM			For / Discretionary		Against		Withheld
Ordinary resolutions			Votes	%	Votes	%
1	To receive and adopt the financial statements for the year ended 31 October 2021, with the reports of the Directors and auditor thereon.	39,479,580		96.27	1,523,699	3.72	830
2	To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) for the year ended 31 October 2021.	40,982,746		99.96	13,377	0.03	7,985
3	To approve the increase of ordinary remuneration of the Directors to an aggregate limit of £250,000 per annum.	40,975,181		99.94	19,126	0.05	9,801
4	To elect Ms Gilding as a Director.	40,986,476		99.98	4,542	0.01	13,090
5	To elect Ms MacAulay as a Director.	38,261,557		93.32	2,733,555	6.67	8,996
6	To re-elect Mr Hadsley-Chaplin as a Director.	36,596,832		89.26	4,398,177	10.73	9,098
7	To re-elect Mrs Green as a Director.	38,116,109		92.98	2,875,275	7.01	12,724
8	To re-elect Ms de Rochechouart as a Director.	40,845,155		99.62	150,284	0.37	8,668
9	To re-appoint KPMG Channel Islands Limited as auditor to the Company.	39,473,902		96.26	1,528,654	3.73	1,552
10	To authorise the Directors to determine the remuneration of the auditor for the forthcoming financial year.	40,997,644		99.98	5,634	0.01	830
11	To give the Company the authority to purchase its own shares.	40,240,898		98.13	760,766	1.86	2,444
Special Resolution
12	To give the Company the authority to allot new shares without regard to any and all rights of pre-emption or similar rights.	40,994,080		99.98	2,475	0.01	4,911

At the time of the above meeting the Company's share capital consisted of 46,525,077 ordinary shares with voting rights and a further 15,647,870 ordinary shares held in treasury.

As announced in the Annual Report, William Collins has retired from the Board following the AGM. The Board would like to thank Mr Collins for his invaluable contribution over his ten year tenure. His role as Senior Independent Director has now been passed to Helen Green.

12 April 2022

Enquiries:

Aberdeen Standard Fund Managers Limited (Alternative Investment Fund Manager to ACIC)

William Hemmings

Tel: +44 (0)207 463 6223

Luke Mason

Tel +44 (0)207 463 5971

Vistra Fund Services (Guernsey) Limited (Company Secretary)

Tel: +44 (0)1481 726034

Ordinary Shares - Listing Category: Premium - Equity Closed-ended Investment Funds

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