Memorandum and Articles of Association - Li Ning

- 39 -AUTHENTICATION OF DOCUMENTS134. Any Director or the Secretary or any person appointed by the Board for the purposemay authenticate any documents affecting the constitution of the Company and any resolution passed bythe Company or the Board or any committee, and any books, records, documents and accounts relating tothe business of the Company, and to certify copies thereof or extracts therefrom as true copies or extracts,and if any books, records, documents or accounts are elsewhere than at the Office or the head office thelocal manager or other officer of the Company having the custody thereof shall be deemed to be a person soappointed by the Board. A document purporting to be a copy of a resolution, or an extract from the minutesof a meeting, of the Company or of the Board or any committee which is so certified shall be conclusiveevidence in favour of all persons dealing with the Company upon the faith thereof that such resolution hasbeen duly passed or, as the case may be, that such minutes or extract is a true and accurate record ofproceedings at a duly constituted meeting.DESTRUCTION OF DOCUMENTS135. (1) The Company shall be entitled to destroy the following documents at the followingtimes:(a) any share certificate which has been cancelled at any time after the expiry of one (1)year from the date of such cancellation;(b)any dividend mandate or any variation or cancellation thereof or any notification ofchange of name or address at any time after the expiry of two (2) years from the datesuch mandate variation cancellation or notification was recorded by the Company;(c)any instrument of transfer of shares which has been registered at any time after theexpiry of seven (7) years from the date of registration;(d)any allotment letters after the expiry of seven (7) years from the date of issue thereof;and(e)copies of powers of attorney, grants of probate and letters of administration at any timeafter the expiry of seven (7) years after the account to which the relevant power ofattorney, grant of probate or letters of administration related has been closed;