Memorandum and Articles - Sino

Compary No: 2543
THE COMPANIES ORDINANCE (CHAPTER 32)
SPECIAL RESOLUTION
OF
SINO-I.COM LIMITEI)
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Passed on the 3rd day of May, 2001
At an Extraordinary General Meeting of Sino-i.com Limited (the "Company") held at Chater
Room fV, Conference Level 1, The Ritz-Carlton, 3 Connaught Road Central, Hong Kong on
Tlrursday, 3 May 200L at 11:00 4.M., the following resolution was duly passed as a Special
Resolution:
"TIIAT subject to confirmation by the High Court of the Hong Kong Special Administrative
Region, pursuant to A¡ticle 50 of the Articles of Association of the Company, the autho¡ized.
share capital of the Company of HK$3,000,000,000 divided into 6,000,000,000 ordinary
shares of FIK$0.50 each be reduced to HK$600,000,000 divided into 6,000,000,000 ordinary
shares of HK$O.10 each and that such reduction be effected by canceling paid-up capital to
tlre extent of HK$0.40 upon each of the 3,914,504,877 ordinary shares in issue as at 6 April
2001 (being the latest practicable date prior to the printing of this notice) and any further
ordinarl' shales which may be issued prior to the date on which the petition for the
confirmation of the reduction of capitai herein is heard by the High Court of the Hong Kong
Special Administrative Region and by reducing the nominal amount of all the issued and
unissued ordinary shares in the capital of the Company from HK$0.50 to HK$0.10 and the
sum of about HK$1,565,801,951 arising from such reduction be credited to a special capitai
reserve account of the Company."
(Sd.) Lam Bing Kwan
Lam Bing Kwan
Chairman of the Meeting