09:26     UNIVERSAL HOLD<00419> - Announcement (2)                            

    from voting in respect of Resolution No.2 and Resolution No.3 at the      
    EGM. The Directors, chief executive of the Company and their respective   
    associates who together held 1,019,077,150 Shares as at the date of the   
    EGM abstained from voting in respect of Resolution No.4 at the EGM.       
    Shareholders holding 4,169,903,157 Shares were entitled to attend and     
    vote for or against Resolution No.1 at the EGM and Independent            
    Shareholders holding 3,150,826,007 Shares, representing approximately     
    75.6% of the total issued share capital of the Company as at the date of  
    the EGM, were entitled to attend and vote for or against Resolution       
    No.2, Resolution No.3 and Resolution No.4 at the EGM.                     
                                                                              
    In respect of Resolution No.4, the Directors, chief executive of the      
    Company and their respective associates were allowed to vote only         
    against the resolution provided that they had clearly set out their       
    intention to do so in the Circular. None of such persons expressed any    
    intention to vote against Resolution No.4 and such persons abstained      
    from voting in respect of the said resolution at the EGM.                 
                                                                              
    There were no Shareholders who were only entitled to attend and vote      
    only against the other resolutions at the EGM.                            
                                                                              
    SHAREHOLDING STRUCTURE OF THE COMPANY                                     
                                                                              
                                                            After completion  
    of the                                                                    
                                                            UHL SP Agreement  
    and                                                                       
                                                            immediately       
    after                                                                     
                                                            conversion of     
    the First                                                                 
                            Immediately after                                 
    Tranche Convertible                                                       
                            completion of the UHL                Immediately  
    after                 Note and the Second                                 
                            SP Agreement but                 completion of    
    the UHL SP                Tranche Convertible                             
                            before conversion of the                          
    Agreement and assuming                Note (assuming that the             
                            First Tranche                 immediate           
    conversion of                 maximum amount of the                       
                            Convertible Note and                 the First    
    Tranche                 Second Tranche                                    
                            the Second Tranche                 Convertible    
    Note in full                Convertible Note is                           
            As at the date of EGM                Convertible Note             
    (Note)                issued) in full (Note)                              
            Number of Shares                %                Number of        
    Shares                %                Number of Shares                %  
            Number of Shares                %                                 
                                                                              
    Mr. Ko and                                                                
      his concert                                                             
      parties        1,019,077,150                24.4                        
    4,065,648,021                41.0                6,187,784,633            
    51.4                9,929,281,224                62.9                     
    The Vendor        -                                 2,700,000,000         
            27.2                2,700,000,000                22.4             
    2,700,000,000                17.1                                         
    Public                                                                    
      Shareholders        3,150,826,007                75.6                   
    3,150,826,007                31.8                3,150,826,007            
    26.2                3,150,826,007                20.0                     
                                                                              
                                                                              
                                                                              
            4,169,903,157                100.0                9,916,474,028   
            100.0                12,038,610,640                100.0          
    15,780,107,231                100.0                                       
                                                                              
                                                                              
                                                                              
    Note:        Based on the initial conversion price of HK$0.049 per        
    Share.                                                                    
                                                                              
    The Company will issue an announcement after every conversion of the      
    First Tranche Convertible Note and/or the Second Tranche Convertible      
    Note setting out the number of Shares and percentage voting rights held   
    by Mr. Ko and his concert parties.                                        
                                                                              
    Mr. Ko has undertaken to the Company and the Stock Exchange that he will  
    not exercise any of the First Tranche Convertible Note and/or the Second  
    Tranche Convertible Note so as to cause the public float of the Company   
    to fall below the required minimum level under the Listing Rules at any   
    time.