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

Feb 23, 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 23 FEBRUARY 2010

The Board is pleased to announce that (i) the ordinary resolution approving the Issue Mandate and (ii) the ordinary resolution approving the refreshment of the Scheme Limit were duly passed by the Independent Shareholders and Shareholders respectively by way of poll at the SGM held on 23 February 2010.

Reference is made to the notice (“Notice”) of SGM and the circular of the Company both dated 2 February 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 (i) the ordinary resolution approving the Issue Mandate (“Ordinary Resolution 1”) and (ii) the ordinary resolution approving the refreshment of the Scheme Limit (“Ordinary Resolution 2”) as set out in the Notice were duly passed by the Independent Shareholders and the Shareholders respectively by way of poll at the SGM held on 23 February 2010.

As at the date of the SGM, the total number of issued Shares of the Company was 2,129,567,760 Shares.

Mr. Suen Cho Hung, Paul, Excelsior Kingdom Limited and Global Wealthy Limited, in aggregate holds 447,433,866 Shares and their respective associates were required to abstain from voting in favour of the Ordinary Resolution 1 and they had so abstained from voting on this resolution. As such, the total number of Shares entitling the holders to attend and vote for or against the Ordinary Resolution 1 was 1,682,133,894 Shares. No Shareholders were entitled to attend and vote only against the Ordinary Resolution 1.

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The total number of Shares entitling the holders to attend and vote for or against the Ordinary Resolution 2 was 2,129,567,760 Shares. No Shareholders were entitled to attend and vote only against the Ordinary Resolution 2.

The poll result in respect of the resolutions were as follows:

	Ordinary Resolutions	For		Against	Against
		Number ofShares	%	Number ofShares	%
1.	To grant a general mandate to thedirectors of the Company to allot,issue and deal with authorised andunissued shares in the capital of theCompany not exceeding 20% of theaggregate nominal amount of theissued share capital of the Companyon the date of the passing thisresolution.	368,772,000	100	Nil	0
2.	To approve the refreshment of thescheme limit under the share optionscheme of the Company.	816,205,866	100	Nil	0

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

By Order of the Board Suen Cho Hung, Paul Chairman

Hong Kong, 23 February 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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