Memorandum and Articles - Sino

The Seal
Seal * 118.
The Directo¡s shall provide fo¡ the safe custody ofthe seal ofthe Company and subject as provided
in Article No. 14, the Seal shall never be used except by the authority of the directors.
* Amended by Special Resolution passed on 1 1/8/1969
Authentication of the Deeds and Documents
,r, 119. Subject as otherwise provided in Article 14, all deeds or instruments requiring the seal of the
Company shall bé signed by one Director and the secretary of the Company, or by two Directors, or by such other
p"..* o. persons as ihe Directors shall from time to time appoint, either generally or in any particular case.
+ Amended by Special Resolution passed on 1 0/6/2005.
Cheques
120. All cheques drawn on the Company's banking account, and all orders for payment, promissory notes,
and other negotiable instruments made or issued by the Company shall be signed by any two directors or by a
director and ihe Manager of the Company, or by such other person or persons as the Directors shall from time to
time appoint.
Contracts t21. All other contracts and instruments entered into by the Company in the ordinary course of business
shall be signed by the Managing Director or by an Assistant Managing Director or by a director or by the Manager
of the Company, or by such other person or persons as the Directors shall from time to time appoint.
Annual Returns
Annual retums 122. The Company shall make the requisite Annual Returns in accordance with Sections 107, 109 and 110
of the Ordinance.
Reserve
To establish
resewe fund
123. Before recommending any dividend, or bonus, out of or in respect of the profits of the Company for
aîy yeaÍ, the Directors may set aside out of such profits such sums as they think proper as Reserve to meet
contingelcies, or for equaliiing dividends, or for special dividends, or for repairing, improving and maintaining
uny oñh" propefy of túe Company, and for such purposes as the Directors shall, in their absolute discretion, think
conducive to the interests of the Company; and may invest the several sums so set aside upon such investments
(other than shares of the Company) ui tlt.y may think fit, and may from time to time deal with and vary such
iìvestments, and dispose of all or any part thereof for the benefit of the Company' any may divide the Reserve
Fund into such speciãl funds as they think ht and employ the Reserve Fund or any part thereof in the business of
the Company, and that without being bound to keep the same separate from the other assets'
Dividends
Bonus to
members of
staff
How profits to
be applied
124. The Directors may pay to all or such of the members of the staff of the Company each year not more
than one month's extra basic salhy or wages as they may in their absolute discretion think fit. Furthermore the
Directors may out of the profit of the Company each year pay to all or such of the members of the staff of the
Company u, úonu. such súm not exceeding 10% of such profìt of the Company before deducting any tax and such
bonuì, bût after deducting the said extra salary or wages, as the Directors shall in their absolute discretion think fit'
such bonus to be dìvided in such manner and proportions among such staff as the Directors shall in their absolute
discretion decide. For the purpose of this Article, the expression "the members of the staff of the Company'' shall
be deemed to include the Managing Director, the Assistant Managing Directors and any other director who, apart
from being a director, shall at the same time serve the Company in other capacity as a member of its staff.
125. The profits of the Company, subject to any special rights relating thereto created or authorized
to be created by these presents, and subject to the provisions of these presents, shall be
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