Memorandum and Articles - Sino
Memorandum and Articles - Sino
Memorandum and Articles - Sino
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-mby<br />
an ordinary resolution of the shareholders in general meeting.<br />
As Ordinarv Resolutions<br />
3. THAT:-<br />
(a)<br />
(b)<br />
subject to paragraph (b) below, the exercise by the Directors of the Company during<br />
the Relevant Period (as defined in the above Resolution No. 2(c)) of all the powers<br />
of the Company to allot, issue <strong>and</strong> deal with additional shares of HK$0.50 each in<br />
the capital of the Company <strong>and</strong> to make or grant offers, agreements <strong>and</strong> options which<br />
might require the exercise of such po'wer whether during or after the end of the<br />
Relevant Period be <strong>and</strong> is hereby generally <strong>and</strong> unconditionally approved; <strong>and</strong><br />
the aggregate nominal amount of share capital allotted or agreed conditionally or<br />
unconditionally to be allotted (whether pursuant to an option or otherwise) <strong>and</strong> issued<br />
by the Directors of the Company pursuant to the approval given in paragraph (a) above,<br />
otherwise than pursuant to an issue of shares under any option scheme or similar<br />
arrangement for the time being adopted for the grant or issue to employees of the<br />
company <strong>and</strong>/or any of its subsidiaries of shares or rights to acquire shares of the<br />
Company, shall not exceed 2O per cent. of the aggregate nominal amount of the share<br />
capital of the Company in issue at the date of this Resolution <strong>and</strong> the said approval<br />
shall be limited accordingly.<br />
As Ordinary Resolution<br />
4. THAT the general m<strong>and</strong>ate granted to the Directors of the Company to issue <strong>and</strong> dispose<br />
of additional shares pursuant to the above Ordinary Resolution No.3 be <strong>and</strong> is hereby<br />
extended by the addition thereto of an amount representing tho aggregate nominal amount<br />
of the share capital of the Company repurchased by the Company under the authority granted<br />
pursuant to the above Ordinary Resolution No.2, provided that such amount shall not exceed<br />
l0 per cent. of the aggregate nominal amount of the issued share capital of the Company<br />
at the date of this Resolution.<br />
(Sd.) Yu Pun Hoi<br />
Yu Pun Hoi<br />
Chairman
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