PegBio Co., Ltd. — Declaration of Voting Results & Voting Rights Announcements 2010

Mar 29, 2010

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

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POLY DEVELOPMENT HOLDINGS LIMITED

保興發展控股有限公司 *

(Incorporated in Bermuda with limited liability) (Stock Code: 1141)

POLL RESULT OF SPECIAL GENERAL MEETING HELD ON 29 MARCH 2010

The Board is pleased to announce that the Special Resolution approving the Name Change was duly passed by the Shareholders by way of poll at the Special General Meeting held on 29 March 2010.

Reference is made to the notice (“Notice”) of Special General Meeting and the circular of the Company both dated 2 March 2010 (the “Circular”). Unless the context otherwise requires, terms used herein shall have the same meanings as defined in the Circular.

The Board is pleased to announce that the special resolution approving the Name Change (“Special Resolution”) as set out in the Notice was duly passed by the Shareholders by way of poll at the Special General Meeting held on 29 March 2010.

As at the date of the Special General Meeting, the total number of issued Shares of the Company was 2,555,479,760 Shares.

The total number of Shares entitling the holders to attend and vote for or against the Special Resolution was 2,555,479,760 Shares. No Shareholders were entitled to attend and vote only against the Special Resolution.

The poll result in respect of the Special Resolution was as follows:

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Special Resolution	For		Against	Against
		%	Number ofShares	%
	Number ofShares
To approve the change of name of theCompany	922,485,866	100	Nil	0

Tricor Tengis Limited, the Company’s branch share registrar in Hong Kong, acted as the scrutineer at the Special General Meeting.

By Order of the Board Suen Cho Hung, Paul Chairman

Hong Kong, 29 March 2010

As at the date of this announcement, the Board comprises Mr. Suen Cho Hung, Paul (Chairman), Mr. Sue Ka Lok (Chief Executive Officer), Mr. Bai Jianjiang and Mr. Chau Chung Tak as Executive Directors and Mr. Wong Kwok Tai, Mr. Weng Yixiang, Mr. Lu Xinsheng and Mr. Xiong Wei as Independent Non-executive Directors.

* For identification only

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