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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.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 668) VOTING RESULTS OF THE RESOLUTION PROPOSED AT THE EXTRAORDINARY GENERAL MEETING

The Board is pleased to announce that the Resolution proposed at the EGM was duly passed by way of poll.

Reference is made to the circular (the "Circular") of Dowell Property Holdings Limited (the "Company") to the shareholders of the Company dated 7 January 2015. Terms used herein shall have the same meanings as defined in the Circular unless the context requires otherwise.

VOTING RESULTS OF THE EGM

Pursuant to Rule 13.39(5) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), the board (the "Board") of directors (the "Directors") of the Company is pleased to announce that the following ordinary resolution (the "Resolution") was duly passed by the Independent Shareholders (in respect of the Resolution) by way of poll at the extraordinary general meeting (the "EGM") of the Company held on 23 January 2015:
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ORDINARY RESOLUTION

Number of votes (%)

ORDINARY RESOLUTION

For

Against

(a)

(b)

To approve, confirm and ratify the loan agreement (the "Dowell Loan Agreement") dated 21 November 2014 entered into between the Company, as lender, and :m_m

* �JR�IIl��0PJ (Chongqing Doyen Holdings

Group Co., Ltd.*), (the " Borrower ") as borrower, in relation to the advancement of loan in the amount of RMB255,000,000.00 and the loan agreement (the "Baoxu Loan Agreement") dated 21 November 2014 entered into between :m_m ��0PJ (Chongqing Baoxu Commercial Property Management Limited*), as lender, and the Borrower, as borrower,

in relation to the advancement of loan in the amount of RMB105,000,000.00 and all the respective transactions contemplated thereunder1; and

To authorise the Directors to do all such acts and things, to sign and execute all such further documents and to take such steps as the Directors in their discretion may consider necessary, appropriate, desirable or expedient to give effect to or in connection with the Dowell Loan Agreement and the Baoxu Loan Agreement and all the respective transactions contemplated thereby1.

210,052,195 shares

(100%)

0

share

(0%)

As at the date of the EGM, the total number of shares of the Company in issue was 1,274,038,550 shares (the "Shares"), which was also the total number of shares entitling the holders to attend and vote for or against the resolution at the EGM. Mr. Lo and his associates, who were, in aggregate, interested in 780,013,018 Shares, representing approximately 61.22% of the total issued share capital of the Company as at the date of the EGM and ni'!]'l�IIl0PJ (Jiangsu Huaxi Group Company*) and its subsidiaries, which were, in aggregate, interested in 120,000,000 Shares, representing approximately
9.42% of the total issued share capital of the Company as at the date of the EGM, had abstained from voting in relation to the Resolution at the EGM. Saved as aforesaid, there were no Shares entitling the Shareholders to attend and abstain from voting in favour as set out in Rule 13.40 of the Listing Rules and no Shareholders were required under the Listing Rules to abstain from voting at the EGM. None of the Independent Shareholders had indicated their intention in the Circular to vote against or to abstain from voting on the Resolution at the EGM.
The total number of Shares entitling the Independent Shareholders to attend and vote on the Resolution at the EGM was 374,025,532, representing approximately 29.36% of the total issued share capital of the Company as at the date of the EGM.
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The Company's branch share registrar, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer at the EGM for the vote-taking.
By order of the Board

Dowell Property Holdings Limited Chen Yang

Chief Executive Officer

Hong Kong, 23 January 2015

As at the date of this announcement, the Board comprises Mr. Lo Siu Yu (Chairman), Ms. Luo Shaoying (Vice Chairman) and Mr. Chen Yang (Chief Executive Officer) as executive Directors; Mr. Wang Xiaobo and Mr. Qin Hong as non-executive Directors; and Mr. Chan Ying Kay, Dr. Zhu Wenhui and Mr. Wang Jin Ling as independent non-executive Directors.

Notes:

1. The full texts of the Resolution appear in the notice of the EGM contained in the Circular.

* For identification purpose only

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