?????????SEMICONDUCTOR?MANUFACTURING?INTERNATIONAL?CORPORATION
??????????????????????????????????????????????*
??????????????????????????????(incorporated?in?the?Cayman?Islands?with?limited?liability)
(資料圖片僅供參考)
???????????????????????AMENDED?AND?RESTATED
????????????????MEMORANDUM?AND?ARTICLES?OF?ASSOCIATION
*???For?identification?purpose?only
Content
MEMORANDUM?OF?ASSOCIATION?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????????????????????????2
ARTICLES?OF?ASSOCIATION?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????????????????4
?CHAPTER?1?DEFINITIONS?AND?GENERAL?PROVISIONS?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????????????????????????????????????????5
???(1)?Definitions?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.???????5
???(2)?General?Provisions?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????7
?CHAPTER?2?AUTHORIZED?SHARE?CAPITAL?AND?SHARES?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.???????????????????????????????????????????8
???(1)?Authorized?Share?Capital?and?Issue?of?Shares?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????????????????????8
???(2)?Preferred?Shares?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????????9
???(3)?Common?Shares?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????10
???(4)?Transfer?of?Shares?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?????????10
???(5)?Redemption?and?Repurchase?of?Shares?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????????????11
???(6)?Transmission?of?Shares?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.???????????12
???(7)?Sale?of?Shares?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.???????13
???(8)?Share?Certificates?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.???????14
???(9)?Register?of?Members?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????14
?CHAPTER?3?MEMBERS?AND?GENERAL?MEETINGS?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?????????????????????????????????????15
???(1)?Rights?of?Members?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????15
???(2)?Variation?of?Rights?of?Shares?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????????????16
???(3)?Authorities?of?General?Meetings?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????????16
???(4)?Convening?of?General?Meetings?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????????????????18
???(5)?Notice?of?General?Meetings?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?????????????19
???(6)?Proxy?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????21
???(7)?Proposed?Business?to?be?Transacted?at?General?Meetings?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?????????????????????????21
???(8)?Proceedings?at?General?Meetings?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????????24
???(9)?Voting?by?Members?and?Passing?of?Resolutions?at?General?Meetings?.?.?.?.?.?.?.?.?.???????????????????????????????25
?CHAPTER?4?DIRECTORS?AND?THE?BOARD?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????????????????????????????????26
???(1)?Directors?Appointment?and?Vacation?of?Office?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?????????????????????26
???(2)?Remuneration?and?Interests?of?Directors?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????????????????27
???(3)?Alternate?Directors?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????????28
???(4)?Authorities?and?Duties?of?the?Board?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????????????????29
???(5)?Delegation?of?the?Power?of?the?Board?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?????????????????30
???(6)?Notice?of?Board?Meetings?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?????????????31
???(7)?Proceedings?at?Board?Meetings?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????????31
???(8)?Voting?and?Resolutions?at?Board?Meetings?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.???????????????????32
?CHAPTER?5?SENIOR?MANAGEMENT?AND?SECRETARY?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????????????????????????????????????33
?CHAPTER?6?FINANCIAL?INFORMATION,?PROFIT?DISTRIBUTION?AND?AUDIT?.?.?????????????????????????????????????????????????????33
???(1)?Financial?Information?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????33
???(2)?Profit?Distribution?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.????????34
???(3)?Appointment?and?Duties?of?Auditors?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?????????????????36
?CHAPTER?7?WINDING?UP?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.???????????????????36
?CHAPTER?8?INDEMNITY?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????????????37
?CHAPTER?9?NOTICES?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????????37
?CHAPTER?10?MISCELLANEOUS?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?????????????????????38
???(1)?Seal?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.???38
???(2)?Transfer?by?way?of?Continuation?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.??????????????38
???????????????????????????????????????????????????????????-?1?-
???????????????????MEMORANDUM?OF?ASSOCIATION
?????????????????THE?COMPANIES?ACT?(AS?REVISED)
??????????????EXEMPTED?COMPANY?LIMITED?BY?SHARES
??????????????SEMICONDUCTOR?MANUFACTURING
????????????????INTERNATIONAL?CORPORATION
????????????????ELEVENTH?AMENDED?AND?RESTATED
???????????????????MEMORANDUM?OF?ASSOCIATION
(Approved?and?Adopted?by?way?of?a?Special?Resolution?passed?on?28?June?2023)
???????????????????????????????????-?2?-
????(Cayman)?Limited,?Cricket?Square,?Hutchins?Drive,?P.O.?Box?2681,?Grand?Cayman?KY1-1111,
????Cayman?Islands,?or?at?such?other?place?as?the?Directors?may?decide?from?time?to?time.
????full?power?and?authority?to?carry?out?any?object?not?prohibited?by?the?Companies?Act?or?as?the
????same?may?be?revised?from?time?to?time,?or?any?other?law?of?the?Cayman?Islands.
????unpaid?on?such?Member’s?shares.
????shares?of?a?par?value?of?US$0.004?each?and?having?the?rights?and?privileges?attached?thereto?as
????provided?in?the?Company’s?Articles?of?Associations?and?(ii)?500,000,000?preferred?shares?of?a
????par?value?of?US$0.004?each?and?having?the?rights?and?privileges?attached?thereto?as?provided?in
????the?Company’s?Articles?of?Association.
????shares?under?the?laws?of?any?jurisdiction?outside?the?Cayman?Islands?and?to?be?deregistered?in
????the?Cayman?Islands.
????meaning?as?those?given?in?the?Articles?of?Association?of?the?Company.
??????????????????????????????????????????????-?3?-
??????????????????????ARTICLES?OF?ASSOCIATION
?????????????????THE?COMPANIES?ACT?(AS?REVISED)
??????????????EXEMPTED?COMPANY?LIMITED?BY?SHARES
??????????????SEMICONDUCTOR?MANUFACTURING
????????????????INTERNATIONAL?CORPORATION
???????????????THIRTEENTH?AMENDED?AND?RESTATED
??????????????????????ARTICLES?OF?ASSOCIATION
(Approved?and?Adopted?by?way?of?a?Special?Resolution?passed?on?28?June?2023)
???????????????????????????????????-?4?-
?????????????CHAPTER?1?DEFINITIONS?AND?GENERAL?PROVISIONS
??????????????????????????????????????????(1)?Definitions
Table?A?in?the?Schedule?to?the?Companies?Act?does?not?apply?to?these?Articles.?In?these?Articles,
unless?the?subject?or?context?suggests?otherwise,?the?following?terms?and?expressions?shall?bear?the
following?meanings.
“Company”????????????????????????Semiconductor?Manufacturing?International?Corporation.
“Companies?Act”??????????????????means?the?Companies?Act?(As?Revised)?Cap.?22?of?the?Cayman
?????????????????????????????????Islands?and?any?amendments?thereto?or?re-enactments?thereof?for
?????????????????????????????????the?time?being?in?force?and?includes?every?other?law?incorporated
?????????????????????????????????therewith?or?substituted?therefor.
“Exchange?Rules”?????????????????means?the?relevant?codes,?rules?and?regulations,?as?amended?from
?????????????????????????????????time?to?time,?applicable?as?a?result?of?the?original?and?continued
?????????????????????????????????listing?of?any?shares?on?any?Exchange.
“Memorandum”?????????????????????means?the?memorandum?of?association?of?the?Company,?as
?????????????????????????????????amended?from?time?to?time?by?Special?Resolution.
“Articles”???????????????????????means?these?articles?of?association?of?the?Company,?as?amended
?????????????????????????????????from?time?to?time?by?Special?Resolution.
“Share(s)”???????????????????????means?share(s)?in?the?Company,?including?a?fraction?of?a?share.
“Common?Shares”??????????????????means?Shares?that?enjoy?common?rights?and?bear?common
?????????????????????????????????obligations,?having?the?meaning?given?in?the?Memorandum.
?????????????????????????????????Common?Shares?include?those?listed?on?the?Exchanges?in
?????????????????????????????????Mainland?China?and?Hong?Kong,?with?transactions?denominated
?????????????????????????????????in?local?currencies.
“RMB?Common?Shares”??????????????means?Common?Shares?listed?on?the?Exchanges?in?Mainland?China
?????????????????????????????????which?are?subscribed?in?RMB,?with?transactions?denominated?in
?????????????????????????????????RMB.?RMB?means?the?lawful?currency?of?the?People’s?Republic?of
?????????????????????????????????China.
“Preferred?Shares”???????????????means?Shares?that?enjoy?priority?over?Common?Shares?in?the
?????????????????????????????????distribution?of?profits?and?other?matters?of?the?Company,?having?the
?????????????????????????????????meaning?given?in?the?Memorandum.
“dividend”???????????????????????includes?interim?dividends?and?bonus?dividends.
“paid-up”????????????????????????means?paid-up?and/or?credited?as?paid-up.
???????????????????????????????????????????????-?5?-
“Member”?????????????????????has?the?same?meaning?given?in?the?Companies?Act.
“Register?of?Members”????????means?the?register?maintained?in?accordance?with?the?Companies
?????????????????????????????Act?and?includes,?unless?otherwise?stated,?any?duplicate?Register?of
?????????????????????????????Members.
“Ordinary?Resolution”????????means?a?resolution?passed?by?a?simple?majority?of?more?than?one-
?????????????????????????????half?(1/2)?of?the?Members?as,?being?entitled?to?do?so,?vote?in?person
?????????????????????????????or?by?proxy,?or,?in?the?case?of?corporations,?by?duly?authorized
?????????????????????????????representatives,?at?a?general?meeting.?In?computing?such?simple
?????????????????????????????majority?when?a?poll?is?demanded,?regard?shall?be?made?to?the
?????????????????????????????number?of?votes?to?which?each?Member?is?entitled?by?the?Articles.
“Special?Resolution”?????????means?a?resolution?passed?by?at?least?three-fourths?(3/4)?of?the
?????????????????????????????Members?as,?being?entitled?to?do?so,?vote?in?person?or?by?proxy,?or,
?????????????????????????????in?the?case?of?corporations,?by?duly?authorized?representatives,?at?a
?????????????????????????????general?meeting.?In?computing?such?three-fourths?requirement?when
?????????????????????????????a?poll?is?demanded,?regard?shall?be?had?to?the?number?of?votes?to
?????????????????????????????which?each?Member?is?entitled?by?the?Articles.
“Board”??????????????????????means?the?board?of?directors?of?the?Company.
“Directors”??????????????????means?the?directors?for?the?time?being?of?the?Company.
“Secretary”??????????????????means?any?person?appointed?to?perform?the?duties?of?secretary?of
?????????????????????????????the?Company.
“Auditors”???????????????????means?the?persons?for?the?time?being?performing?the?duties?of
?????????????????????????????auditors?of?the?Company.
“Physical?Meeting”???????????means?general?meeting?held?and?conducted?by?physical?attendance
?????????????????????????????and?participation?by?Members?and/or?proxies.
“Electronic?Meeting”?????????means?general?meeting?held?and?conducted?by?attendance?and
?????????????????????????????participation?by?Members?and/or?proxies?by?means?of?electronic
?????????????????????????????facilities,?whilst?such?electronic?facilities?shall?enable
?????????????????????????????communication?among?attendees.
“Electronic?Communication”???means?communication?sent,?transmitted,?conveyed?and?received?by
?????????????????????????????wire,?radio,?optical?means?or?other?similar?means?in?any?form
?????????????????????????????through?any?medium.
“CSRC”???????????????????????means?the?China?Securities?Regulatory?Commission.
???????????????????????????????????????????-?6?-
“Exchange”????????????????????????means?any?securities?exchange?or?other?systems?on?which?the
??????????????????????????????????Shares?may?be?listed?or?otherwise?authorized?for?trading?from?time
??????????????????????????????????to?time.
“Recognized?Clearing?House”???????shall?have?the?meaning?ascribed?thereto?in?Part?I?of?Schedule?I?of
??????????????????????????????????the?Securities?and?Futures?Ordinance?of?Hong?Kong?(Cap.?571?of
??????????????????????????????????the?Laws?of?Hong?Kong)?and?any?amendments?thereto?or
??????????????????????????????????re-enactments?thereof?for?the?time?being?in?force?and?includes
??????????????????????????????????every?other?law?incorporated?therewith?or?substituted?therefor.
“Registered?Office”???????????????means?the?registered?office?for?the?time?being?of?the?Company.
“Mainland?China”??????????????????means?the?mainland?of?the?People’s?Republic?of?China.
“Hong?Kong”???????????????????????means?the?Hong?Kong?Special?Administrative?Region?of?the
??????????????????????????????????People’s?Republic?of?China.
“Seal”????????????????????????????means?the?common?seal?of?the?Company?and?includes?every
??????????????????????????????????duplicate?seal.
“Year”????????????????????????????means?calendar?year.
“Month”???????????????????????????means?calendar?month.
???????????????????????????????????????(2)?General?Provisions
??????form,?including?in?the?form?of?electronic?record?(as?defined?under?the?Electronic?Transaction
??????Act?(As?Revised)?of?Cayman?Islands);
??????construed?as?references?to?those?provisions?as?amended,?modified,?re-enacted?or?replaced?from
??????time?to?time;
??????expression?shall?be?construed?as?illustrative?and?shall?not?limit?the?sense?of?the?words?preceding
??????those?terms;
?????????????????????????????????????????????????-?7?-
??????executed?under?hand?or?under?seal?or?by?any?other?method?as?authorized?by?the?Company;
??????shall,?if?not?inconsistent?with?the?subject?or?context?in?which?they?appear,?have?the?same
??????meaning?in?these?Articles?or?that?part?save?the?word?“company”?includes?any?body?corporate;
?????any?quorum?requirement?can?be?satisfied?by?one?person;?(2)?shall?mean?a?meeting?convened?and
?????held?in?any?manner?permitted?by?these?Articles;?(3)?shall,?where?the?context?is?appropriate,
?????include?an?adjourned?meeting;?and?(4)?for?all?purposes?of?applicable?laws,?regulations,?the
?????Exchange?Rules?and?these?Articles,?terms?such?as?attend,?participate,?attending,?participating,
?????attendance?and?participation?shall?bear?the?same?meaning.
?????exercised?on?any?number?of?occasions,?unless?otherwise?stated?in?these?Articles;
?????Rules,?regardless?of?whether?any?reference?to?such?provisions?is?explicitly?set?out?in?these
?????Articles.
??????????CHAPTER?2?AUTHORIZED?SHARE?CAPITAL?AND?SHARES
?????????????????????????(1)?Authorized?Share?Capital?and?Issue?of?Shares
??????US$42,000,000.00,?divided?into?10,000,000,000?Common?Shares?of?a?par?value?of?US$0.004
??????each?and?500,000,000?Preferred?Shares?of?a?par?value?of?US$0.004?each.
??????authorized?to?be?issued?or?the?total?number?of?issued?Shares.
??????obtained?by?the?Company?in?a?general?meeting?and?without?prejudice?to?any?rights?attached?to
??????any?existing?Shares,?the?Board?may?allot,?issue?or?grant?options?or?warrants?over?or?otherwise
??????dispose?of?any?Shares?(including?fractions?of?any?Shares)?with?or?without?preferred,?deferred,
??????qualified?or?other?rights?or?restrictions,?whether?with?regard?dividend,?voting,?return?of?capital?or
??????otherwise,?and?to?such?persons?at?such?times?and?on?such?other?conditions?as?the?Board
??????considers?proper.?The?Company?shall?not?issue?Shares?to?bearer.
??????subscribe?for?any?class?of?Shares?or?other?securities?of?the?Company?on?such?terms?and
??????conditions?as?it?may?from?time?to?time?determine.?No?warrants?shall?be?issued?to?bearer?by?the
??????Company.
???????????????????????????????????????????????????-?8?-
????meeting,?such?number?of?Common?Shares,?or?other?Shares?or?securities?of?the?Company,?as?may
????be?required?for?such?purposes?shall?be?reserved?for?issuance?in?connection?with?an?option,?right,
????warrant?or?other?security?of?the?Company?or?any?other?person?that?is?exercisable?for,?convertible
????into,?exchangeable?for?or?otherwise?issuable?in?respect?of?such?Common?Shares?or?other?Shares
????or?securities?of?the?Company.
???????????????????????????????????????(2)?Preferred?Shares
????issuing?Preferred?Shares,?the?resolution?providing?for?the?issue?of?such?series?of?Preferred
????Shares?passed?at?the?general?meeting?or?the?resolution?by?the?Board?(as?authorized?by?the
????general?meeting)?shall?state?and?express:?name?and?designations?of?such?Preferred?Shares
????(including?words?indicating?the?voting?powers?attached?thereto,?if?any,?and?including?“restricted
????voting”?or?“l(fā)imited?voting”?where?the?voting?rights?attached?thereto?are?not?the?most?favorable)),
????voting?powers?(full?or?limited?or?without?voting?powers),?preferences?and?relative,?participating,
????optional?or?other?special?rights?and?qualifications,?limitations?or?restrictions?thereof.
????general?meeting?of?the?Company,?the?Board?may?create?one?or?more?series?of?Preferred?Shares
????on?such?terms?and?conditions?as?it?may?from?time?to?time?determine,?including?but?not?limited?to
????the?following:
??????????thereof;
??????????periods?in?respect?of?which?dividends?are?payable?(“Dividend?Periods”),?whether?such
??????????dividends?shall?be?preferred?over?Common?Shares?and?whether?they?shall?be?cumulative
??????????and,?if?cumulative,?the?date?or?dates?from?which?dividends?shall?accumulate;
??????????shares?of?any?other?class?or?any?other?series?of?the?Company?and?the?conversion?prices?or
??????????rates,?or?the?rates?at?which?such?exchange?may?be?made,?with?such?adjustments,?if?any,?as
??????????shall?be?stated?and?expressed?or?provided?in?such?resolutions;
??????????series?shall?be?entitled?to?receive?upon?the?winding?up?of?the?Company;
??????????series;?and
????????????????????????????????????????????????-?9?-
???????????Board.?Notwithstanding?the?fixing?of?the?number?of?Preferred?Shares?constituting?a
???????????particular?series?upon?the?issuance?thereof,?the?Board?at?any?time?thereafter?may?authorize
???????????the?issuance?of?additional?Preferred?Shares?of?the?same?series?subject?always?to?the
???????????Companies?Act,?the?Memorandum?and?these?Articles.
????????????????????????????????????????(3)?Common?Shares
??????????each?Common?Share?registered?in?his?name?in?the?Register?of?Members,?both?in
??????????accordance?with?the?relevant?provisions?of?these?Articles;?and
??????????Company?provided?for?in?these?Articles.
?????dividend?payment?and?asset?distribution?upon?the?winding?up?of?the?Company.
?????Depository?and?Clearing?Company?Limited.?The?issuance,?listing,?registration,?trading?and?other
?????matters?of?the?Company’s?RMB?Common?Shares?shall?be?governed?by?the?laws,?regulations?and
?????normative?documents?of?Mainland?China.?Insofar?as?RMB?Common?Shares?of?the?Company
?????continue?to?list?on?the?Shanghai?Stock?Exchange,?the?Company?shall?comply?with?the?laws?and
?????regulations?of?Mainland?China?and?the?relevant?requirements?of?the?securities?regulatory
?????authorities?of?Mainland?China?on?the?red-chip?enterprises.
??????????????????????????????????????(4)?Transfer?of?Shares
?????or?part?of?his?Shares?to?another?person?free?from?restriction.
?????the?usual?common?form?or?in?such?other?form?as?the?Board?may?from?time?to?time?approve.?The
?????instrument?of?transfer?shall?be?executed?by?or?on?behalf?of?the?transferor?and?by?or?on?behalf?of
?????the?transferee?with?a?manual?signature?or?facsimile?signature?(which?may?be?machine?imprinted
?????or?otherwise),?provided?that?in?the?case?of?execution?by?facsimile?signature,?such?facsimile
?????signature?shall?be?reasonably?satisfactory?to?the?Board.?The?Board?may?dispense?with?the
?????execution?of?the?instrument?of?transfer?by?the?transferee?as?it?considers?appropriate?to?do?so.
?????All?instruments?of?transfer?must?be?kept?at?the?registered?office?of?the?Company?or?at?such?other
?????place?as?the?Board?may?appoint,?and?shall?be?duly?retained?by?the?Company.
???????????????????????????????????????????????-?10?-
?????on?the?internet?in?a?manner?permitted?by?the?securities?regulatory?authorities?in?Mainland?China
?????and?the?Shanghai?Stock?Exchange.
?????decline?to?register?such?transfer:
??????????certificate?for?the?Shares?to?which?it?relates?(which?shall?upon?registration?of?the?transfer
??????????be?cancelled)?and?such?other?evidence?as?the?Board?may?reasonably?require?to?show?the
??????????right?of?the?transferor?to?make?the?transfer;
??????????required);
??????????to?be?transferred?does?not?exceed?four;
??????????payable?(or?such?lesser?sum?as?the?Board?may?from?time?to?time?require)?is?paid?to?the
??????????Company?in?respect?thereof.
?????date?on?which?the?transfer?was?lodged?with?the?Company,?send?to?each?of?the?transferor?and?the
?????transferee?a?notice?of?such?refusal.
?????transferee?is?entered?into?the?Register?of?Members?in?respect?of?the?transfer?of?such?Share.
????????????????????????????(5)?Redemption?and?Repurchase?of?Shares
?????redeemed?or?are?liable?to?be?redeemed?at?the?option?of?the?Company?or?the?Member.?Unless?the
?????Board?has?been?expressly?authorized?by?the?Members?in?a?general?meeting,?the?redemption?of
?????Shares?shall?be?effected?in?such?manner?as?the?Company?may,?by?Special?Resolution,?determine
?????before?the?issuance?of?Shares.
?????in?issue,?provided?that?the?Members?shall?have?approved?the?manner?of?redemption?or?repurchase
?????by?Special?Resolution?or?that?the?manner?of?redemption?or?repurchase?is?in?accordance?with?these
????????????????????????????????????????????????-?11?-
?????Articles?(and?this?authorization?has?been?obtained?in?accordance?with?Section?37(3)?of?the
?????Companies?Act?as?revised?from?time?to?time),?and?such?redemption?or?repurchase?is?in?accordance
?????with?applicable?laws,?rules?or?regulations?and?the?Exchange?Rules.
?????the?maximum?number?of?Common?Shares?that?may?be?repurchased?shall?be?equal?to?the?number
?????of?issued?and?outstanding?Common?Shares?less?one?Common?Share.?Such?repurchase
?????transactions?shall?be?made?at?such?time,?at?such?price?and?on?such?terms?as?determined?and
?????agreed?by?the?Members?in?the?general?meeting?or?by?the?Board?as?authorized?by?the?general
?????meeting?in?their?sole?discretion,?provided,?however,?that?(1)?such?repurchase?transactions?shall
?????be?in?accordance?with?applicable?laws,?rules?or?regulations?and?the?Exchange?Rules;?and?(2)?at
?????the?time?of?repurchase,?the?Company?is?able?to?pay?its?debts?due?in?the?ordinary?course?of?its
?????business.
?????such?term?and?at?such?price?being?agreed?upon?between?the?Company?and?the?relevant?Member,
?????whilst?such?repurchase?transactions?shall?be?in?accordance?with?applicable?laws,?rules?and
?????regulations.
?????repurchase?any?other?Share?other?than?as?may?be?required?pursuant?to?applicable?laws,?rules?or
?????regulations?and?the?Exchange?Rules,?and?any?other?contractual?obligations?of?the?Company.
?????manner?permitted?by?the?Companies?Act,?including?out?of?the?Company’s?capital.
?????Company?at?its?registered?office,?or?such?other?place?as?the?Board?may?specify,?the?share
?????certificates?(if?any)?thereof?for?cancellation.
????????????????????????????????????(6)?Transmission?of?Shares
?????dissolution?of?a?Member?(or?in?any?other?way?than?by?transfer)?may,?upon?such?relevant?and
?????legal?evidence?being?produced?as?may?from?time?to?time?be?required?by?the?Board,?elect?either
?????to?be?registered?himself?as?the?holder?of?the?Share?or?to?make?such?transfer?of?the?Share?to?such
?????other?person?nominated?by?him?and?to?have?such?person?registered?as?the?transferee?thereof,?but
?????the?Board?shall,?in?either?case,?retain?the?same?right?to?decline?or?suspend?registration?of?such
?????transfer?as?it?would?have?had?under?Article?16.
?????the?holder?of?the?Share,?he?shall?deliver?up?or?send?to?the?Company?a?notice?in?writing?signed
?????by?him?stating?that?he?so?elects.
???????????????????????????????????????????????-?12?-
?????dividends?and?other?rights?to?which?he?would?be?entitled?if?he?were?the?former?registered?holder
?????of?the?Share,?except?that?he?shall?not,?before?being?registered?as?a?Member?in?respect?of?the
?????Share,?be?entitled?in?respect?of?such?Share?to?exercise?any?right?conferred?to?such?holder?of
?????Share?in?relation?to?meetings?of?the?Company.
?????sole?holder,?or?the?surviving?joint?holders?where?the?deceased?was?a?joint?holder,?shall?be?the
?????only?persons?recognized?by?the?Company?as?having?any?title?to?his?interest?in?the?Shares.
??????????????????????????????????????????(7)?Sale?of?Shares
?????is?entitled?pursuant?to?Article?26?or?by?operation?of?law?in?such?manner?as?it?deems?appropriate
?????if?and?provided?that:
??????????cash?to?the?holder?of?such?Shares?have?remained?uncashed?for?a?period?of?twelve?(12)
??????????years;
??????????question?have?become?payable?and?no?dividend?during?that?period?has?been?claimed?by?the
??????????Member;
??????????be?given?in?accordance?with?applicable?laws,?rules?or?regulations?and?the?Exchange?Rules
??????????of?its?intention?to?sell?such?Shares,?and?a?period?of?three?(3)?months?has?elapsed?since?such
??????????notice?and?the?relevant?Exchange?has?been?notified?of?such?intention;?and
??????????the?3-month?period?under?Article?30.3?received?any?indication?of?the?whereabouts?or
??????????existence?of?the?Member?or?the?person?entitled?to?such?Shares?by?transmission.
?????person?to?execute?as?transferor?an?instrument?of?transfer?of?the?said?Shares?and?such?other
?????documents?as?are?necessary?to?effect?the?transfer,?and?such?documents?shall?be?as?effective?as?if
?????they?had?been?executed?by?the?registered?holder?of?or?person?entitled?by?transmission?to?such
?????shares,?and?the?title?of?the?transferee?shall?not?be?affected?by?any?irregularity?or?invalidity?in?the
?????proceedings?relating?thereto.
?????employed?in?the?business?of?the?Company?or?invested?in?such?investments?(other?than?shares?or
?????other?securities?in?or?of?the?Company?or?its?holding?company,?if?any)?or?otherwise?utilized?as
?????the?Board?may?from?time?to?time?determine.?The?Company?shall?account?to?the?former?Member
?????or?other?person?becoming?entitled?by?transmission?for?an?amount?equal?to?such?net?proceeds?and
?????shall?enter?the?name?of?such?former?Member?or?such?other?person?in?the?books?of?the?Company
?????as?a?creditor?for?such?amount,?whereas?no?trust?shall?be?created?nor?interest?be?payable?in
?????respect?of?such?net?proceeds?and?the?Company?shall?not?be?required?to?account?for?any?money
?????earned?on?the?same.
?????????????????????????????????????????????????-?13?-
????????????????????????????????????????(8)?Share?Certificates
?????without?payment?to?receive,?within?twenty?(20)?days,?after?allotment?or?lodgment?of?transfer?(or
?????within?such?other?period?as?the?conditions?of?issue?shall?provide),?one?certificate?for?all?his
?????Shares?of?each?class?or,?upon?payment?of?such?reasonable?fee?as?the?Board?shall?prescribe,?such
?????number?of?certificates?for?Shares?held?as?that?person?may?request.?In?respect?of?Shares?held
?????jointly?by?several?persons?the?Company?shall?not?be?bound?to?issue?a?certificate?or?certificates?to
?????each?such?person,?and?the?issue?and?delivery?of?a?certificate?or?certificates?to?one?of?several?joint
?????holders?shall?be?sufficient?delivery?to?all?such?joint?holders.
?????All?transfers?and?other?documents?relating?to?or?affecting?the?title?to?any?Share?or?other
?????registered?securities?of?the?Company?shall?be?registered.
?????amount?paid?thereon?or?the?fact?that?they?are?fully?paid,?as?the?case?may?be,?and?may?otherwise
?????be?in?such?written?form?as?shall?be?determined?by?the?Board.?Each?certificate?shall?be?issued
?????under?the?Seal?of?the?Company,?which?shall?only?be?affixed?with?the?authority?of?the?Board
?????(provided?that?the?Board?may?authorize?certificates?to?be?issued?with?the?seal?and?authorized
?????signature(s)?affixed?by?some?methods?or?systems?of?mechanical?process).?All?certificates?for
?????Shares?shall?be?consecutively?numbered.
?????any)?as?to?evidence?and?indemnity?and?on?the?payment?of?such?expenses?reasonably?incurred?by
?????the?Company?in?investigating?and?collecting?evidence,?as?the?Board?may?prescribe,?and?(in?the
?????case?of?defacement?or?wearing?out)?upon?delivery?of?the?old?certificate.
?????aforesaid?provisions?may?be?exempted.
??????????????????????????????????????(9)?Register?of?Members
?????and?Exchange?Rules,?with?information?of?Members?specified?therein,?including?without
?????limitation?their?names?and?addresses,?the?number?of?Shares?respectively?held?by?Members?and
?????the?date?of?issuance.?The?Company?shall?not?be?bound?to?register?more?than?four?persons?as
?????joint?holders?of?any?Share.
?????regular?basis?record?in?the?Register?of?Members?all?transfers?of?Shares?effected?on?any?duplicate
?????Register?of?Members?and?shall?at?all?times?maintain?the?Register?of?Members?in?such?manner?as
?????to?show?at?all?times?the?Members?for?the?time?being?and?the?Shares?respectively?held?by?them,
?????in?all?respects?in?accordance?with?the?Companies?Act.
?????????????????????????????????????????????????-?14?-
?????and?shall?not?be?bound?to?recognize?(even?when?having?notice?thereof)?any?equitable,
?????contingent,?future,?or?partial?interest?in?any?Share,?or?any?interest?in?any?fractional?part?of?a
?????Share,?or?any?other?rights?in?respect?of?any?Share?except?an?absolute?right?to?the?entirety?thereof
?????in?the?registered?holder,?unless?otherwise?provided?under?the?Companies?Act?or?these?Articles.
?????days’?notice?being?given?in?accordance?with?applicable?laws,?rules?or?regulations?and?the
?????Exchange?Rules,?be?suspended?and?the?Register?of?Members?closed?at?such?times?and?for?such
?????periods?as?the?Board?may?from?time?to?time?determine,?provided?always?that?such?registration
?????shall?not?be?suspended?or?the?Register?closed?for?more?than?thirty?(30)?days?in?any?year?(or?such
?????longer?period?as?the?Members?may?by?Ordinary?Resolution?determine?provided?that?such?period
?????shall?not?be?extended?beyond?sixty?(60)?days?in?any?year).
?????Kong?shall?during?business?hours?be?kept?open?to?any?Member?for?inspection?without?charge.
?????Shanghai?the?management?of?which?is?entrusted?by?the?Company?with?China?Securities
?????Depository?and?Clearing?Company?Limited.?Holders?registered?in?such?Register?of?Members?of
?????RMB?Common?Shares?are?legal?owners?of?relevant?Shares.
????????????????????CHAPTER?3?MEMBERS?AND?GENERAL?MEETINGS
???????????????????????????????????????(1)?Rights?of?Members
?????enquiries?or?statements?to?the?chairman?of?the?meeting,?verbally?or?in?written?form,?in?respect?of
?????which?the?chairman?of?the?meeting,?relevant?Directors?or?senior?management?of?the?Company
?????shall?respond.?Such?a?right?shall?be?deemed?to?have?been?duly?exercised?if?the?enquiries?or
?????statements?may?be?heard?or?seen?by?all?or?only?some?of?the?persons?present?at?the?meeting.
?????to?vote?at?the?meeting,?whether?by?show?of?hands?or?by?poll,?except?where?such?Member?is
?????required?by?applicable?laws,?rules?or?regulations?and?the?Exchange?Rules?to?abstain?from?voting
?????or?restricted?to?voting?only?for/against?any?particular?resolution?of?the?Company.?Where?the
?????Company?has?knowledge?that?any?Member?is?voting?in?contravention?of?such?requirements,?any
?????votes?cast?by?or?on?behalf?of?such?Member?shall?not?be?counted.
?????thinks?fit?as?its?representative?to?attend?any?general?meeting?of?the?Company?or?of?any?class?of
?????Members,?and?in?such?cases,?it?shall?be?treated?as?being?present?in?person.?The?person?so
?????authorized?shall?be?entitled?to?exercise?the?same?powers?on?behalf?of?the?corporation?or?other
?????non-natural?person?which?he?represents?as?the?corporation?or?other?non-natural?person?could
?????exercise?if?it?were?an?individual?Member.
????????????????????????????????????????????????-?15?-
?????act?as?its?proxies?or?representatives?at?any?general?meeting?of?the?Company?or?of?any?class?of
?????Members.?Such?proxies?and?representatives?shall?be?entitled?to?exercise?rights?equivalent?to?the
?????rights?of?other?Members,?including?the?rights?to?speak?and?vote.
?????????????????????????????????(2)?Variation?of?Rights?of?Shares
?????Members?are?entitled?to?the?rights?attached?thereto?in?accordance?with?applicable?laws,?rules?or
?????regulations,?the?Exchange?Rules,?these?Articles?and?the?terms?and?conditions?of?issuance?of
?????Shares.
?????class?of?Shares?may?be?varied?with?the?sanction?of?a?Special?Resolution?passed?at?a?separate
?????general?meeting?of?the?holders?of?the?Shares?of?that?class.?The?provisions?of?these?Articles
?????relating?to?general?meetings?shall?mutatis?mutandis?apply?to?every?such?separate?general
?????meeting,?except?that?the?following?quorum?shall?be?satisfied:
??????????the?issued?Shares?of?that?class?are?present?in?person?or?by?proxy?at?such?separate?general
??????????meeting;?or
??????????that?class?present?in?person,?or?his?proxy,?shall?be?a?quorum.
?????The?provisions?of?this?Article?shall?apply?to?any?change?or?abrogation?of?rights?of?Shares
?????forming?part?of?a?separate?class.?Each?sub-class?of?the?class?which?is?being?treated?differently?is
?????treated?as?a?separate?class?in?operating?this?Article.
?????expressly?provided?by?applicable?laws,?rules?or?regulations,?the?Exchange?Rules,?these?Articles
?????or?the?terms?of?issuance?of?the?Shares?of?that?class,?be?deemed?to?be?affected?or?varied
?????materially?by?the?creation,?issue?or?distribution?of?further?Shares?ranking?pari?passu?or
?????preferable?therewith,?or?by?redemption?or?repurchase?by?the?Company?of?any?Share?of?any?other
?????class.
???????????????????????????????(3)?Authorities?of?General?Meetings
?????general?meeting?of?the?Company?shall?exercise,?including?but?not?limited?to,?the?following
?????authorities?by?way?of?Ordinary?Resolutions?or?Special?Resolutions.?All?matters?that?can?be
?????resolved?by?Ordinary?Resolutions?may?also?be?resolved?by?Special?Resolutions.
?????(1)???to?determine?any?fundamental?change?of?the?Company’s?business;
????????????????????????????????????????????????-?16?-
(2)???to?approve?increase?of?the?Company’s?share?capital?(including?to?issue?Common?Shares,
??????Preferred?Shares,?securities?convertible?into?Shares,?warrants?and?other?securities?affecting
??????the?Company’s?share?capital);
(3)???to?approve?cancellation?of?any?Shares?that?at?the?date?of?passing?the?relevant?resolution
??????have?not?been?taken?or?agreed?to?be?taken?by?any?person;
(4)???to?approve?consolidation?of?all?or?any?of?the?Company’s?Shares?into?Shares?of?larger?par
??????value?than?the?existing?Shares;
(5)???to?approve?division?of?all?or?any?of?the?Company’s?Shares?into?Shares?of?smaller?par?value
??????than?is?fixed?by?the?Memorandum?or?into?Shares?without?par?value;
(6)???to?approve?the?Company’s?profit?distribution?plan?and?loss?recovery?plan;
(7)???to?review?and?approve?the?annual?report?of?the?Company;
(8)???to?approve?the?Company’s?equity?incentive?plan?(including?stock?options,?restricted?stocks
??????and?stock?appreciation?rights,?etc.);
(9)???to?approve?provision?of?guarantee?by?the?Company?to?entities?outside?the?scope?of?the
??????Company’s?consolidated?financial?statements?in?amounts?not?exceeding?30%?of?the
??????Company’s?audited?total?assets?in?the?latest?financial?period?within?one?year,?or?to
??????enterprises?within?the?scope?of?the?Company’s?consolidated?financial?statements?that?are
??????“connected?persons”?under?the?Rules?Governing?the?Listing?of?Securities?on?The?Stock
??????Exchange?of?Hong?Kong?Limited?(excluding?those?that?meet?the?exemption?conditions
??????thereunder);
(10)?to?decide?on?appointment?or?removal?of?any?Director?(including?a?managing?or?other
?????executive?Director),?and?to?appoint?a?new?Director?upon?removal?of?any?Director?to
?????proceed?with?the?latter’s?duties?(except?where?the?Board?is?authorized?to?make?such
?????appointment?or?removal?under?these?Articles);
(11)?to?approve?payment?of?any?compensation?to?any?Director/former?Director?for?removal/
?????retirement?beyond?the?scope?as?agreed?contractually;
(12)?to?appoint?or?remove?Auditors?of?the?Company,?and?to?determine?the?Auditors’
?????remuneration;
(13)?to?approve?material?transactions?that?shall?be?approved?by?the?general?meeting?in
?????accordance?with?applicable?laws,?rules?or?regulations?and?the?Exchange?Rules?(other?than
?????transactions?provided?for?under?Article?52(6));
(14)?to?approve?related?or?connected?transactions?of?the?Company?that?shall?be?approved?by?the
?????general?meeting?in?accordance?with?applicable?laws,?rules?or?regulations,?the?Exchange
?????Rules?and?the?Connected?(Related)?Transaction?Management?Policy?of?the?Company;?and
???????????????????????????????????????????-?17?-
?????(15)?other?matters?that?may?be?resolved?by?Ordinary?Resolutions?under?applicable?laws,?rules?or
??????????regulations,?the?Exchange?Rules?and?these?Articles.
?????(1)???to?approve?merger,?voluntary?winding?up?and?the?change?of?form?of?the?Company;
?????(2)???to?approve?any?amendment?to?the?Memorandum?or?these?Articles,?or?to?adopt?a?new
???????????Memorandum?and?Articles?of?Association?of?the?Company;
?????(3)???to?approve?reduction?of?the?total?number?of?issued?Shares?of?the?Company?(including?any
???????????redemption?or?repurchase?of?Shares?not?covered?by?general?mandate?granted?by?Members
???????????at?a?general?meeting)?provided?that?other?requirements?of?the?Companies?Act?are?complied
???????????with;
?????(4)???to?approve?voluntary?withdrawal?of?Shares?from?trading?on?the?current?Exchanges?and?to
???????????determine?not?to?trade?on?the?current?Exchanges,?or?to?decide?on?applying?to?trade?on?other
???????????Exchanges;
?????(5)???to?approve?provision?of?guarantee?by?the?Company?to?entities?outside?the?scope?of?the
???????????Company’s?consolidated?financial?statements?in?cases?of?the?guarantee?amounts?within?one
???????????year?exceeding?30%?of?the?Company’s?audited?total?assets?in?its?latest?audited?accounts;
?????(6)???to?approve?the?purchase?or?sale?of?material?assets?of?the?Company?within?one?year?which
???????????exceeds?30%?of?the?Company’s?audited?total?assets?in?the?latest?financial?period;?and
?????(7)???other?matters?required?to?be?resolved?by?Special?Resolutions?under?applicable?laws,?rules
???????????or?regulations,?the?Exchange?Rules?and?these?Articles.
?????signed?by?or?on?behalf?of?each?Member?entitled?to?vote?on?it?at?a?general?meeting?shall?be?as
?????effective?as?a?resolution?passed?at?a?general?meeting.?The?resolution?may?be?passed?using
?????several?copies?of?a?document?if?each?document?is?signed?by?one?or?more?Members.?These?copies
?????can?be?fax?copies.
?????Articles,?the?general?meeting?may?authorize?the?Board?to?exercise?its?authorities?by?appropriate
?????procedures.
???????????????????????????????(4)?Convening?of?General?Meetings
?????Company’s?financial?year?(unless?a?longer?period?would?not?infringe?applicable?laws,?rules?or
?????regulations?or?the?Exchange?Rules).?The?annual?general?meeting?shall?be?held?at?such?time?and
?????at?such?place?as?the?Board?shall?from?time?to?time?determine.
???????????????????????????????????????????????-?18?-
?????outside?the?Cayman?Islands)?it/he?deems?appropriate,?proceed?to?convene?a?general?meeting?of
?????the?Company.?In?addition,?the?Board?may,?in?its?sole?discretion,?determine?that?the?meeting?be
?????held?at?one?or?more?locations?and?in?such?manner?as?a?Physical?Meeting,?an?Electronic?Meeting
?????or?the?combination?of?both.
?????vote?per?Share?basis,?of?the?Company’s?Shares?shall?have?the?right?to?propose?in?writing?the
?????holding?of?an?extraordinary?general?meeting?to?the?Board.?The?Board?shall,?in?accordance?with
?????applicable?laws,?rules?or?regulations,?the?Exchange?Rules?and?these?Articles,?issue?a?written
?????affirmative?or?negative?opinion?to?hold?such?meeting?within?ten?(10)?days?upon?receiving?such
?????proposal.?If?the?Board?agrees?to?hold?the?meeting,?it?shall?issue?a?notice?of?holding?a?general
?????meeting?within?a?reasonable?period?of?time?after?the?relevant?Board?resolution?is?made,?while
?????such?notice?shall?set?forth?any?modification?to?the?original?proposal?that?is?subject?to?the?consent
?????of?the?Members.
?????the?proposal?is?received,?the?Members?being?so?entitled?to?make?such?proposal?may,?in
?????accordance?with?applicable?laws,?rules?or?regulations?and?the?Exchange?Rules,?convene?and
?????preside?over?an?extraordinary?general?meeting?on?their?initiative.
?????convened?by?the?Members.?The?Company?shall?bear?all?necessary?and?reasonable?expenses
?????incurred?due?to?such?general?meeting?convened?by?Members?on?their?initiative?pursuant?to
?????Article?58.
??????????????????????????????????(5)?Notice?of?General?Meetings
?????persons,?under?these?Articles?or?the?terms?of?issue?of?Shares,?not?entitled?to?receive?such?notice
?????from?the?Company.
?????Meeting,?the?place?of?the?meeting?and?if?there?is?more?than?one?meeting?location?the?principal
?????place?of?the?meeting;?(3)?if?the?general?meeting?is?to?be?held?as?an?Electronic?Meeting?or?a
?????hybrid?of?Physical?Meeting?and?Electronic?Meeting,?a?statement?to?that?effect?and?relevant
?????details?of?the?electronic?facilities?for?attendance?and?participation?by?electronic?means?at?the
?????meeting?(or?the?Company?may?make?available?such?details?prior?to?the?meeting);?(4)?particulars
?????of?resolutions?to?be?considered?at?the?meeting;?(5)?intention?to?propose?any?resolution?as?a
?????Special?Resolution?to?be?considered?at?the?general?meeting;?(6)?entitlement?of?a?Member?to
?????appoint?a?proxy?to?attend?the?vote?at?the?general?meeting?on?his?behalf?and?that?a?proxy?may?not
?????be?a?Member;?and?(7)?and?other?information?that?shall?be?specified?therein.
?????general?meeting?and?for?any?other?general?meetings,?Members?must?be?given?at?least?fourteen
?????(14)?days’?written?notice.?The?notice?convening?an?annual?general?meeting?shall?include?a
?????statement?to?that?effect.?Such?notice?period?shall?be?exclusive?of?the?day?on?which?it?is?given?or
?????deemed?to?be?given?and?of?the?day?of?the?relevant?meeting.
????????????????????????????????????????????????-?19?-
?????meeting?shall?be?given?as?in?the?case?of?an?original?meeting;?save?as?aforesaid?it?shall?not?be
?????necessary?to?give?any?notice?of?an?adjournment?or?of?the?business?to?be?transacted?at?an
?????adjourned?general?meeting.
?????Register?of?Members?shall?be?deemed?the?sole?holder?thereof?as?regards?service?of?notices?and,
?????subject?to?the?provisions?of?these?Articles,?all?or?any?other?matters?connected?with?the?Company.
?????proxy?are?sent?out?with?notice)?to?send?instruments?of?proxy?to,?or?the?non-receipt?of?such?notice
?????or?such?instrument?of?proxy?by,?any?person?entitled?to?receive?notice?shall?not?invalidate?any
?????proceeding?of?or?any?resolution?passed?at?that?general?meeting.
?????Company?pursuant?to?Article?62?or?whether?or?not?the?provisions?of?these?Articles?in?respect?of
?????general?meetings?have?been?complied?with,?be?deemed?to?have?been?duly?convened?if?applicable
?????laws,?rules?or?regulations?and?the?Exchange?Rules?so?permit?and?it?is?so?agreed:
??????????entitled?to?attend?and?vote?thereat?or?their?proxies;?and
??????????and?vote?at?the?meeting?who?together?represent?at?least?95%?of?the?total?voting?rights?at
??????????the?meeting?of?all?the?Members.
?????meeting,?or?Members?entitled?to?any?dividend,?or?in?order?to?make?a?determination?of?Members
?????for?any?other?proper?purpose,?the?Board?may?(1)?provide?that?the?Register?of?Members?be?closed
?????for?transfers?for?a?stated?period?in?accordance?with?Article?40?above?(if?the?Register?of?Members
?????shall?be?so?closed?for?the?purpose?of?determining?Members?entitled?to?receive?notice?of?or?to
?????vote?at?a?general?meeting,?the?record?date?for?such?determination?shall?be?the?date?of?the?last?day
?????of?the?relevant?closure?period?of?the?Register?of?Members);?or?(2)?fix?in?its?sole?discretion?a?date
?????as?the?record?date?(such?record?date?shall?not?be?earlier?than?sixty?(60)?days?before?the?date?of
?????such?meeting?or?of?any?other?action).?If?the?Register?of?Members?is?not?so?closed?and?no?record
?????date?is?so?fixed,?the?date?on?which?notice?of?the?meeting?is?given?or?the?date?on?which?the
?????resolution?of?the?Board?declaring?such?dividend?is?adopted,?as?the?case?may?be,?shall?be?the
?????record?date?for?such?determination?of?Members.
?????A?determination?of?the?Members?entitled?to?receive?notice?of?or?to?vote?at?a?general?meeting?as
?????aforementioned?shall?apply?to?any?adjournment?of?such?meeting;?provided,?however,?that?the
?????Board?may?fix?a?new?record?date?for?the?adjourned?meeting.
????????????????????????????????????????????????-?20?-
???????????????????????????????????????????????(6)?Proxy
?????or?any?other?form?as?the?Board?may?from?time?to?time?determine.?The?instrument?of?proxy?shall
?????be?executed?under?the?hand?of?a?Member?(or?any?other?person?duly?authorized?by?such?Member
?????in?writing).?If?a?Member?is?a?corporation,?the?instrument?of?proxy?shall?be?executed?under?the
?????hand?of?its?senior?management?or?any?person?duly?authorized?in?writing?by?such?Member.
?????adjournment?thereof?or?generally?until?revoked.
?????instrument?on?(or?in?default?of?instructions?or?in?the?event?of?conflicting?instructions,?to?exercise
?????his?discretion?in?respect?of)?all?or?part?of?the?resolutions?to?be?proposed?to?the?general?meeting.
?????An?instrument?appointing?a?proxy?shall?be?deemed?to?include?the?power?to?join?or?vote?by?poll,
?????and?the?power?to?vote?on?an?adjournment?or?any?other?procedural?matter?put?to?a?resolution?at
?????the?meeting.?Where?a?Member?appoint?two?or?more?proxies,?the?instrument?of?proxy?shall?state
?????the?number?and?class?of?Shares?represented?by?each?proxy?and?which?proxy?is?entitled?to?vote
?????on?a?show?of?hands.
??????????????????(7)?Proposed?Business?to?be?Transacted?at?General?Meetings
??????????of?the?Board?(or?any?duly?authorized?committee?thereof);
??????????Board?(or?any?duly?authorized?committee?thereof);?or
??????????Member?on?record?on?both?the?date?of?giving?the?notice?by?such?Member?as?specified?in
??????????Article?73?and?the?record?date?for?determination?of?Members?entitled?to?vote?at?such
??????????annual?general?meeting,?and?(ii)?complies?with?the?notice?procedures?set?forth?in?Article
?????transacted?at?the?meeting?from?which?the?adjournment?took?place.
??????????given?timely?notice?thereof?in?proper?written?form?to?the?secretary?of?the?Board/Secretary.
??????????shall?be?given?in?the?following?manners:
?????????????????????????????????????????????????-?21?-
????????????number?of?Shares?issued?by?the?Company?with?voting?rights.
????????????executive?offices?of?the?Company?not?less?than?sixty?(60)?days?nor?more?than?ninety
????????????(90)?days?prior?to?the?first?anniversary?of?the?preceding?year’s?annual?general
????????????meeting;?provided,?however,?that?in?the?event?that?the?date?of?the?annual?general
????????????meeting?is?advanced?by?more?than?thirty?(30)?days?or?delayed?by?more?than?sixty
????????????(60)?days?from?such?anniversary?date,?the?notice?must?be?delivered?not?earlier?than
????????????the?ninetieth?(90)?day?prior?to?such?annual?general?meeting?and?not?later?than?the
????????????close?of?business?on?the?later?of?the?sixtieth?(60)?day?prior?to?such?annual?general
????????????meeting?or?the?tenth?(10)?day?following?the?day?on?which?public?announcement?of
????????????the?date?of?such?meeting?is?first?made.
????????????Member?proposes?to?bring?before?the?annual?general?meeting,?including?(i)?a?brief
????????????description?of?the?business?desired?to?be?brought?before?the?annual?general?meeting
????????????and?the?reasons?for?transacting?such?business?at?the?annual?general?meeting;?(ii)?the
????????????name?and?address?of?such?Member?as?recorded?in?the?Register?of?Members;?(iii)?the
????????????class?or?series?and?number?of?Shares?of?the?Company?which?are?owned?beneficially
????????????or?registered?in?the?name?of?such?Member;?(iv)?a?description?of?all?arrangements?or
????????????understandings?between?such?Member?and?any?other?person?or?persons?(including
????????????their?names)?in?connection?with?the?proposal?of?such?business?by?such?Member?and
????????????any?material?interest?of?such?Member?in?such?business;?and?(v)?a?representation?that
????????????such?Member?intends?to?appear?in?person?or?by?proxy?at?the?annual?general?meeting
????????????to?bring?such?business?before?the?meeting.
????????????meeting?in?accordance?with?the?procedures?above,?nothing?in?Articles?71?to?72?shall
????????????be?deemed?to?preclude?transaction?at?the?annual?general?meeting?of?any?such
????????????business.?If?the?chairman?of?the?annual?general?meeting?determines?that?such
????????????business?was?not?properly?brought?before?the?annual?general?meeting?in?accordance
????????????with?the?foregoing?procedures,?the?chairman?shall?declare?to?the?meeting?that?the
????????????business?was?not?properly?brought?before?the?meeting?and?thus?shall?not?be
????????????transacted.
????????????individually?or?collectively?hold?3%?or?more?of?the?total?number?of?Shares?issued?by
????????????the?Company?with?voting?rights;?in?the?case?of?nomination?of?independent?director
????????????candidates,?such?Member(s)?shall?individually?or?collectively?hold?1%?or?more?of?the
????????????total?number?of?Shares?issued?by?the?Company?with?voting?rights.
??????????????????????????????????????????-?22?-
???????the?general?meeting,?his?right?to?nominate?persons?for?election?as?a?Director?at?the
???????relevant?meeting?shall?be?limited?to?such?class?or?category?of?Directors.
???????for?the?purpose?of?electing?one?or?more?Directors?to?the?Board,?any?Member?entitled
???????to?vote?for?the?election?of?such?Director(s)?at?such?meeting?and?satisfying?the
???????requirements?specified?above?may?nominate?a?person?or?persons?(as?the?case?may?be)
???????for?election?to?such?position(s)?as?are?specified?in?the?Company’s?notice?of?such
???????meeting,?but?only?if?the?notice?required?thereof?shall?be?lodged?at?least?fourteen?(14)
???????days?prior?to?the?date?of?the?general?meeting?of?election?but?no?earlier?than?the?day
???????after?despatch?of?the?notice?of?the?general?meeting?appointed?for?such?election.
?????(a)???As?to?each?person?so?nominated?by?such?Member:?(i)?the?name,?age,?business
???????????address?and?residential?address?of?the?person;?(ii)?the?principal?occupation?or
???????????employment?of?the?person;?(iii)?the?class?or?series?and?number?of?Shares?of?the
???????????Company?which?are?owned?beneficially?or?registered?in?the?name?of?the?person
???????????(if?any);?and?(iv)?any?other?information?relating?to?the?person?that?would?be
???????????required?to?be?disclosed?pursuant?to?any?Exchange?Rules;
?????(b)???As?to?the?Member?giving?notice:?(i)?the?name?and?record?address?of?such
???????????Member?as?recorded?in?the?Register?of?Members;?(ii)?the?class?or?series?and
???????????number?of?Shares?of?the?Company?which?are?owned?beneficially?or?registered
???????????in?the?name?of?such?Member;?(iii)?a?description?of?all?arrangements?or
???????????consensus?between?such?Member?and?each?proposed?nominee?and?any?other
???????????person?or?persons?(including?their?names)?pursuant?to?which?the?nomination(s)
???????????are?to?be?made?by?such?Member;?(iv)?a?representation?that?such?Member
???????????intends?to?appear?in?person?or?by?proxy?at?the?general?meeting?to?nominate?the
???????????person(s)?named?in?its?notice;?and?(v)?any?other?information?relating?to?such
???????????Member?that?would?be?required?to?be?disclosed?pursuant?to?any?Exchange
???????????Rules.
???????be?named?as?a?nominee?and?to?serve?as?a?Director?if?elected.
???????with?the?procedures?set?forth?above.?If?the?chairman?of?the?general?meeting
???????determines?that?a?nomination?was?not?made?in?accordance?with?the?foregoing
???????procedures,?the?chairman?shall?declare?to?the?meeting?as?such?and?that?such?defective
???????nomination?shall?be?disregarded.
??????????????????????????????????????-?23?-
?????????????????only?the?holders?of?one?or?more?series?of?Preferred?Shares?of?the?Company?are
?????????????????entitled?to?vote?(unless?otherwise?provided?under?the?terms?of?issuance?such?series?of
?????????????????Preferred?Shares).
??????????????????????????????(8)?Proceedings?at?General?Meetings
?????to?meet?the?quorum.?No?business?shall?be?transacted?at?any?general?meeting?unless?a?quorum?is
?????present.
?????meeting,?if?convened?upon?the?requisition?of?Members,?shall?be?dissolved;?in?any?other?case?the
?????meeting?shall?stand?adjourned?to?the?same?day?in?the?next?week?at?the?same?time?and?place?or?to
?????such?other?time?and?place?as?the?Board?may?determine.
?????meeting?to?do?so?by?simultaneous?attendance?and?participation?by?means?of?electronic?facilities
?????at?such?one?or?more?locations.?Any?Member?or?proxy?attending?and?participating?by?means?of
?????electronic?facilities?is?deemed?to?be?present?at?the?meeting?and?shall?be?counted?in?the?quorum
?????for?such?meeting.
?????arrangements?for?managing?the?attendance?and/or?participation?by?relevant?persons,?including
?????without?limitation?issue?of?tickets,?and?adoption?of?entry?passcode,?seat?reservation,?electronic
?????voting?or?other?means?as?it/he?shall?in?its/his?absolute?discretion?consider?appropriate,?with
?????which?the?persons?attending?the?relevant?meeting?shall?comply?in?full.?The?Board?and?the
?????chairman?of?the?relevant?general?meeting?may?in?its/his?sole?discretion?change?any?such
?????arrangements?if?necessary,?provided?that?any?such?changes?do?not?involve?any?circumstances
?????that?would?be?required?for?timely?advance?disclosure?or?announcement?by?the?Company?to
?????persons?attending?the?meeting?in?accordance?with?the?applicable?laws,?rules?or?regulations?and
?????any?Exchange?rules.
?????Company.?If?the?chairman?of?the?Board?is?unable?to?preside?over?the?meeting?due?to?whatever
?????reason?or?has?not?shown?up?within?fifteen?(15)?minutes?after?the?time?appointed?for?the?meeting,
?????the?other?Directors?present?shall?elect?one?of?their?number?to?be?chairman?of?the?meeting.?If?all
?????of?the?Directors?present?is?unable?to?preside?over?the?meeting?or?no?Director?has?shown?up
?????within?fifteen?(15)?minutes?after?the?time?appointed?for?the?meeting,?the?Members?present?shall
?????choose?one?of?their?number?to?be?the?chairman?of?the?meeting.
?????If?the?chairman?of?a?general?meeting?is?participating?in?the?general?meeting?using?an?electronic
?????facility?and?his?communication?becomes?interrupted,?another?person?as?determined?in
?????accordance?with?the?procedures?above?shall?preside?as?the?chairman?until?the?original
?????chairman?is?able?to?participate?in?and?preside?over?the?meeting.
???????????????????????????????????????????????-?24?-
?????and?Electronic?Meeting?shall?ensure?adequate?electronic?facilities?are?available?throughout?the
?????meeting.?The?inability?of?one?or?more?person?to?access?the?meeting,?or?continue?to?access?the
?????meeting,?with?the?electronic?facilities?shall?not?affect?the?validity?of?the?proceedings?at?the
?????meeting?or?any?resolutions?passed?thereon.
?????meeting?duly?convened?hereunder,?and?shall?if?so?directed?by?the?meeting,?adjourn?the?meeting
?????from?time?to?time?(or?indefinitely)?and/or?from?place?to?place?and/or?from?one?form?to?another
?????(a?Physical?Meeting,?an?Electronic?Meeting?or?a?combination?of?both).
???????????(9)?Voting?by?Members?and?Passing?of?Resolutions?at?General?Meetings
?????on?the?record?date?for?such?meeting.
?????Member?of?record?present?in?person?or?by?proxy?shall?have?one?vote?for?each?Share?registered?in
?????his?name?in?the?Register?of?Members.
?????resolution?decided?on?a?poll.
?????In?the?case?of?joint?holders?of?record,?the?vote?of?the?senior?who?tenders?a?vote,?whether?in
?????person?or?by?proxy,?shall?be?accepted?to?the?exclusion?of?the?votes?of?other?joint?holders,?and?for
?????this?purpose?seniority?shall?be?determined?by?the?order?in?which?the?names?stand?in?the?Register
?????of?Members.
?????indirectly,?at?any?general?meeting?and?shall?not?be?counted?in?determining?the?total?number?of
?????outstanding?shares?at?any?given?time.
?????administrative?matter?to?be?voted?on?by?a?show?of?hands,?and?each?Member?or?proxy?may?cast
?????only?one?vote.?For?the?purpose?of?this?Article,?procedural?and?administrative?matters?are?those
?????that?(a)?are?not?on?the?agenda?or?specified?in?the?circular?of?the?general?meeting;?and?(b)?relate
?????to?maintain?the?orderly?conduct?of?the?meeting?or?allow?the?business?of?the?meeting?to?be
?????properly?and?effectively?dealt?with,?whilst?allowing?all?Members?a?reasonable?opportunity?to
?????express?their?views.
?????raised?at?the?general?meeting?or?at?any?adjourned?meeting?thereof.?Any?such?objection?shall?be
?????referred?to?the?chairman?of?the?meeting?for?determination?whose?decision?shall?be?final?and
?????conclusive.?Objection?not?raised?at?the?general?meeting?or?any?adjourned?meeting?thereof?or
?????declined?by?the?chairman?shall?not?affect?the?validity?of?any?vote?by?the?relevant?Member?at
?????such?general?meeting.
????????????????????????????????????????????????-?25?-
????????????????????CHAPTER?4?DIRECTORS?AND?THE?BOARD
???????????????????????(1)?Directors?Appointment?and?Vacation?of?Office
?????time?by?the?Board;?provided,?however,?that?so?long?as?the?Shares?are?listed?on?any?Exchange,
?????the?Board?shall?include?such?number?of?Directors?(excluding?alternate?Directors)?as?applicable
?????laws,?rules?or?regulations?or?the?Exchange?Rules?require.
?????and?the?Exchange?Rules?to?be?appointed?as?a?Director,?but?no?shareholding?qualification?is
?????required?to?be?held?by?a?Director.
?????Director,?either?to?fill?a?casual?vacancy?or?as?an?addition?to?the?existing?Directors.?Any?Director
?????so?appointed?by?the?Board?in?accordance?with?the?preceding?sentence?shall?hold?office?only?until
?????the?first?annual?general?meeting?of?the?Company?after?his?appointment?and?shall?then?be?eligible
?????for?re-election?at?that?meeting.
?????Company?shall?hold?office?for?the?remainder?of?the?full?term?of?the?removed?Director.
?????specified?circumstances,?the?Directors?shall?be?divided?into?three?classes?designated?as?Class?I,
?????Class?II?and?Class?III,?respectively.?Directors?shall?be?assigned?to?each?class?in?accordance?with
?????a?resolution?or?resolutions?passed?by?the?Board.?At?the?first?annual?general?meeting?of?the
?????Company?after?the?adoption?of?these?Articles,?the?term?of?office?of?the?Class?II?Directors?shall
?????expire?and?Class?II?Directors?shall?be?elected?for?a?full?term?of?three?years.?At?the?second?annual
?????general?meeting?of?the?Company?after?the?adoption?of?these?Articles,?the?term?of?office?of?the
?????Class?III?Directors?shall?expire?and?Class?III?Directors?shall?be?elected?for?a?full?term?of?three
?????years.?At?the?third?annual?general?meeting?of?the?Company?after?the?adoption?of?these?Articles,
?????the?term?of?office?of?the?Class?I?Directors?shall?expire?and?Class?I?Directors?shall?be?elected?for
?????a?full?term?of?three?years.?At?each?succeeding?annual?general?meeting?of?the?Company,
?????Directors?shall?be?elected?for?a?full?term?of?three?years?to?succeed?the?Directors?of?the?relevant
?????class?whose?terms?expire?at?such?annual?general?meeting.
??????????Secretary?that?he?resigns?the?office?of?Director;
????????????????????????????????????????????????-?26?-
??????????notice?effecting?the?removal?of?such?Director?from?his?office,?provided?that?the?Board
??????????shall,?immediately?prior?to?such?notice?being?delivered,?comprise?at?least?four?(4)?persons
??????????(the?Director?to?be?removed);
??????????the?Exchange?Rules;
??????????appointed?by?him)?from?three?consecutive?meetings?of?the?Board?without?special?leave?of
??????????absence?from?the?Board,?and?the?Board?passes?a?resolution?that?he?has?by?reason?of?such
??????????consecutive?absence?vacated?the?office;
??????????generally;?or
?????payable?to?such?removed?Director?as?provided?for?in?any?service?contract?in?respect?of?the
?????termination?of?his?appointment?as?a?Director?or?of?any?other?appointment?or?office?shall?not?be
?????affected?as?a?result?of?the?termination?of?his?appointment?as?a?Director.
?????as?their?number?is?reduced?below?the?number?fixed?by?or?pursuant?to?applicable?laws,?rules?or
?????regulations,?the?Exchange?Rules?or?these?Articles?as?the?necessary?quorum?of?meeting?of
?????Directors,?the?Directors?in?service?may?act?only?for?the?purposes?of?increasing?the?number?of
?????Directors?to?that?quorum,?or?of?summoning?a?general?meeting?of?the?Company.
??????????????????????????(2)?Remuneration?and?Interests?of?Directors
?????time?and?be?deemed?to?accrue?from?day?to?day.
?????special?work?or?services?for,?or?undertaking?any?special?mission?on?behalf?of,?the?Company
?????other?than?his?ordinary?routine?work?as?a?Director.
?????place?of?profit?under?the?Company?(other?than?the?office?of?Auditor)?in?conjunction?with?his
?????office?of?Director?for?such?period?and?on?such?terms?as?to?remuneration?and?otherwise?as?the
?????Board?may?determine.
???????????????????????????????????????????????-?27?-
?????outside?the?scope?of?duties?of?directors,?by?himself?or?his?firm?in?a?professional?capacity?for?the
?????Company?and?he?or?his?firm?shall?be?entitled?to?remuneration?for?the?professional?services
?????provided.?Such?remuneration?shall?be?in?addition?to?his?remuneration?as?a?Director.
????to?any?Director?who?has?held?any?other?salaried?office?or?place?of?profit?with?the?Company?or?to
????his?widow?or?dependents?and?may?make?contributions?to?any?funds?and?pay?premiums?for?the
????purchase?or?provision?of?any?such?gratuity,?pension?or?allowance.
????alternate?Director?may?be?or?become?a?director,?senior?manager?or?other?member?of?any?other
????company?or?otherwise?interested?in?any?company,?and?no?such?Director?or?alternate?Director
????shall?be?accountable?to?the?Company?for?any?remuneration?or?other?benefits?received?by?him
????therefor?unless?otherwise?stated?under?the?Exchange?Rules.
????expenses?properly?incurred?in?going?to,?attending?and?returning?from?the?meetings?of?the?Board
????or?of?any?committee?of?the?Board,?or?the?general?meetings?of?the?Company,?or?otherwise?in
????connection?with?the?business?of?the?Company,?or?to?receive?a?fixed?allowance?in?respect?thereof
????as?may?be?determined?by?the?Board?from?time?to?time,?or?to?a?combination?of?both.
????for?the?relevant?Board?meeting?shall?be?a?majority?of?the?disinterested?Directors?(such
????“disinterested?Directors”?shall?not?include?a?Director?who?himself?or?whose?close?associate(s)
????(as?defined?under?the?Exchange?Rules)?has?a?material?interest?in?any?such?contract,?transaction
????or?loan).?Unless?otherwise?permitted?under?applicable?laws,?rules?or?regulations,?the?Exchange
????Rules?and?these?Articles,?a?Director?shall?not?vote?on?any?Board?resolution?approving?any
????contract,?transaction,?loan?or?any?other?arrangements?in?which?he?or?any?of?his?close?associates
????has?a?material?interest.
????transactions?with?the?Company?at?the?earliest?meeting?of?the?Board?at?which?it?is?practicable?for
????them?to?do?so?by?way?of?a?written?notice?stating?that,?by?reason?specified?in?the?notice?(such?as
????being?shareholders,?directors,?senior?management?or?employees?of?other?entities?involved?in
????such?contract?or?transaction),?they?are?to?be?regarded?as?interested?in?any?contracts?which?may
????subsequently?be?entered?into?by?the?Company.
??????????????????????????????????????(3)?Alternate?Directors
????person?willing?to?act,?to?be?an?alternate?Director?and?may?remove?from?office?an?alternate
????Director?so?appointed?by?him.?Any?appointment?or?removal?of?an?alternate?Director?shall?be
????notified?to?the?Company?in?writing,?unless?the?Board?determines?otherwise.
????????????????????????????????????????????????-?28?-
????as?well?as?the?Director?appointing?such?alternate?Director,?shall?be?responsible?for?the?alternate
????Director’s?acts?and?defaults.
????meetings?of?committees?of?the?Board?of?which?his?appointor?is?a?member,?and?to?attend?and
????vote?at?every?such?meeting?at?which?the?Director?appointing?him?is?not?personally?present,?and
????generally?to?perform?all?the?functions?of?his?appointor?as?a?Director?in?his?absence.
????Director.
?????????????????????????????(4)?Authorities?and?Duties?of?the?Board
????any?authorization?granted?at?general?meetings?of?the?Company,?the?Board?shall?manage?the
????business?of?the?Company?and?exercise?all?the?powers?of?the?Company.
????following?authorities?and?duties:
???????????authorized?to?be?issued?and?the?number?of?issued?Shares;
???????????convertible?bonds?which?are?subject?to?approval?at?the?general?meeting);
???????????property?and?uncalled?share?capital?in?whole?or?in?part?to?raise?funds?(other?than?the
???????????guarantees?provided?under?Article?51(9));
???????????the?Company;
???????????approved?by?the?Board?in?accordance?with?applicable?laws,?rules?or?regulations,?the
???????????Exchange?Rules?and?other?requirements;
????????????????????????????????????????????????-?29?-
????????????the?Company’s?consolidated?financial?statements?which?are?not?“connected?persons”?under
????????????the?Rules?Governing?the?Listing?of?Securities?on?The?Stock?Exchange?of?Hong?Kong
????????????Limited;
????????????the?existing?Directors,?provided?that?the?total?number?of?Directors?(excluding?alternate
????????????Directors)?shall?not?exceed?that?fixed?under?these?Articles;
????????????secretary?of?the?Board,?the?person-in-charge?of?finance?and?other?senior?management,?and
????????????decide?on?matters?of?their?remuneration,?rewards?and?punishments;
????????????and
????????????Exchange?Rules,?these?Articles?and?other?requirements.
????receipts?for?monies?paid?to?the?Company???????????shall?be?signed,?drawn,?accepted,?endorsed?or
????otherwise?executed?as?the?case?may?be?in???????????such?manner?as?the?Board?shall?determine?by
????resolution?or?in?accordance?with?the?internal?????rules?and?regulations?of?the?Company.
????????????????????????????(5)?Delegation?of?the?Power?of?the?Board
????person?as?its?agent?for?managing?the?affairs?of?the?Company,?and?may?appoint?any?person?to?be
????a?member?of?the?aforementioned?committees.
????accordance?with?Article?112.?To?the?extent?applicable,?the?proceedings?of?a?committee?of?the
????Board?shall?be?governed?by?the?Articles?regulating?the?proceedings?of?the?Board.
????Board?may?authorize?the?senior?management?of?the?Company?to?exercise?relevant?authorities
????and?duties?thereof?through?appropriate?procedures,?or?delegate?to?any?Director?holding?any
????senior?management?position?such?of?their?powers?as?they?consider?desirable?to?be?exercised?by
????him.
????to?any?conditions?the?Board?may?impose,?and?either?collaterally?with?or?to?the?exclusion?of?their
????own?powers?and?may?be?revoked?or?altered.
????????????????????????????????????????????????-?30?-
????Company?and?delegate?such?powers,?authorities?and?discretions?(not?exceeding?those?vested?in
????or?exercisable?by?the?Board?under?these?Articles)?and?for?such?period?and?subject?to?such
????conditions?as?the?Board?may?think?fit;?provided,?however,?that?such?delegation?is?not?to?the
????exclusion?of?the?Board’s?own?powers?and?may?be?revoked?by?the?Board?at?any?time.
???????????????????????????????????(6)?Notice?of?Board?Meetings
????business,?convening,?adjourning?and?otherwise?regulating?Board?meetings?in?its?absolute
????discretion.
????any?regular?Board?meeting,?and?for?other?meetings?of?the?Board,?notice?shall?be?given?to?each
????Director?and?alternate?Director?at?least?two?(2)?days?before?the?date?of?the?meeting.?Any
????accidental?omission?to?give?notice?of?a?meeting?of?the?Board?to,?or?the?non-receipt?of?notice?of?a
????meeting?by?any?person?entitled?to?receive?notice?shall?not?invalidate?the?proceedings?of?that
????meeting.
????on?the?direction?of?such?persons,?shall?issue?a?notice?of?meeting?to?each?Director?and?alternate
????Director?by?telephone?or?electronic?email?during?normal?business?hours,?whilst?such?notice?shall
????set?forth?the?business?to?be?considered.?Notice?given?as?aforesaid?shall?be?deemed?to?have?been
????given?on?the?day?it?is?delivered?to?the?Directors.?No?notice?of?Board?meeting?shall?be?required?if
????such?notice?is?waived?by?all?the?Directors?(or?the?alternate?Directors)?either?at?the?meeting,?or
????before?or?after?the?meeting?is?held.
????????????????????????????????(7)?Proceedings?at?Board?Meetings
????the?Board.
????than?half?of?all?Directors,?of?whom?at?least?one?shall?be?an?executive?Director,?are?present?in
????person?or?by?proxy.
????Director?so?participating?shall?be?deemed?as?being?present?in?person?and?shall?be?counted?in?the
????quorum?and?be?entitled?to?vote.
????as?his?proxy?to?attend?the?Board?meeting,?and?the?proxy?so?appointed?shall?be?counted?in?the
????quorum?present?at?such?Board?meeting?at?which?the?Director?appointing?him?is?not?present.
????notwithstanding?the?withdrawal?of?Directors?during?the?course?of?meeting.
????????????????????????????????????????????????-?31?-
????any?meeting?the?chairman?of?the?Board?is?not?present?within?five?(5)?minutes?after?the?time
????appointed?for?holding?such?meeting,?the?Directors?present?may?jointly?elect?one?of?their?number
????to?preside?over?the?meeting.
??????????????????????????(8)?Voting?and?Resolutions?at?Board?Meetings
????be?decided?by?a?majority?of?votes?of?all?Directors?(including?alternate?Directors)?present?and
????vote?at?such?Board?meeting.?One?Director?shall?have?one?vote?when?voting?on?the?Board
????resolutions.
????Board?at?the?Board?meeting,?the?related?or?connected?Director?shall?neither?vote?on?the
????resolution?nor?exercise?voting?rights?on?behalf?of?other?Directors.?The?majority?of?unrelated?or
????non-connected?Directors?shall?be?present?at?such?Board?meeting?and?the?resolutions?proposed?at
????such?Board?meeting?shall?be?adopted?by?majority?of?unrelated?or?non-connected?Directors.?If
????there?are?less?than?three?unrelated?or?non-connected?Directors?attending?the?Board?meeting,?the
????Company?shall?submit?the?matter?to?the?general?meeting?for?deliberation.
????the?majority?of?all?Directors,?be?approved?by?more?than?two-thirds?of?the?Directors?attending?the
????Board?meeting.
????of?the?relevant?laws?and?regulations?of?Mainland?China?or?the?authorization?of?the?general
????meeting,?the?resolution?shall?be?passed?at?a?meeting?of?the?Board?at?which?at?least?two?thirds?(2/
????Company?matter?is?taken?shall?be?presumed?to?have?assented?to?the?action?taken?unless?his
????dissent?shall?be?entered?in?the?Minutes?of?the?meeting?or?unless?he?shall?file?his?written?dissent
????from?such?action?with?the?secretary?of?the?Board/Secretary?before?the?adjournment?of?such
????meeting?or?shall?forward?such?dissent?by?registered?mail?to?such?secretary?immediately?after?the
????adjournment?of?the?meeting.?Such?right?to?dissent?shall?not?apply?to?a?Director?who?voted?in
????favour?of?such?action.
????notwithstanding?that?it?be?afterwards?discovered?that?there?was?some?defect?in?the?appointment
????of?any?Director?or?alternate?Director,?or?that?any?Director?or?alternate?Director?was?disqualified,
????be?as?valid?as?if?every?such?person?had?been?duly?appointed?and?qualified?to?be?a?Director?or
????alternate?Director?as?the?case?may?be.
????of?a?committee?of?the?Board?who?at?the?time?are?entitled?to?receive?notice?of?such?Board
????meeting?and?vote?on?the?resolution?thereon,?shall?be?as?valid?and?effectual?as?if?it?had?been
????passed?at?a?meeting?of?the?Board?or?committee?(as?the?case?may?be)?duly?convened?and?held.
????????????????????????????????????????????????-?32?-
????meeting?shall?invalidate?any?prior?resolution?of?the?Board?which?would?have?been?valid?if?that
????amendment?had?not?been?made?or?such?resolution?had?not?been?passed.
????????????CHAPTER?5?SENIOR?MANAGEMENT?AND?SECRETARY
????executive?officer,?chief?financial?officer?and?such?other?senior?managers?as?it?considers
????necessary?in?the?management?of?the?business?of?the?Company?and?it?may?decide?for?such?period
????and?upon?such?terms?as?it?thinks?fit?and?upon?such?terms?as?to?remuneration?as?it?may?decide?in
????accordance?with?these?Articles.
????without?prejudice?to?any?right?to?claim?for?damages?that?such?Director?may?have?against?the
????Company?or?the?Company?may?have?against?such?Director?for?any?breach?of?any?contract?of
????service?between?such?Director?and?the?Company,?be?liable?to?be?dismissed?or?removed?from
????such?senior?management?office?by?the?Board.
????and?immediately?cease?to?hold?such?senior?management?office?if?he?shall?cease?to?hold?the
????office?of?Director?for?any?cause.
????Rules,?the?Board?may?appoint?the?Secretary/secretary?of?the?Board?for?such?term?and?on?such
????conditions?as?it?may?consider?appropriate.
??????????????????????CHAPTER?6?FINANCIAL?INFORMATION,
???????????????????????PROFIT?DISTRIBUTION?AND?AUDIT
?????????????????????????????????????(1)?Financial?Information
????received?and?expended?by?the?Company?and?the?matters?in?respect?of?which?the?receipt?or
????expenditure?takes?place,?all?sales?and?purchases?of?goods?by?the?Company?and?the?assets?and
????liabilities?of?the?Company.?Proper?books?shall?not?be?deemed?to?be?kept?if?they?are?not?kept?as
????to?give?a?true?and?fair?view?of?the?state?of?the?Company’s?affairs?and?to?explain?its?transactions.
????every?annual?general?meeting?(1)?a?profit?and?loss?account?together?with?a?balance?sheet?of?the
????Company?for?the?last?financial?year;?(2)?a?management’s?report?with?respect?to?the?Company’s
????financial?position;?(3)?the?Auditors’?report?on?such?accounts?prepared?pursuant?to?these?Articles;
????and?(4)?such?other?reports?and?accounts?as?may?be?required?by?applicable?laws,?rules?or
????regulations?and?the?Exchange?Rules.
????????????????????????????????????????????????-?33?-
????meeting?(together?with?the?notice?of?meeting)?shall?be?served?by?the?Company?to?each?Member
????at?least?twenty-one?(21)?days?prior?to?the?date?appointed?for?such?meeting?and?in?such?manner?as
????prescribed?in?the?Articles?in?connection?with?giving?notice?of?meeting.?The?Company?shall?not
????be?required?to?send?such?copies?to?any?Member?of?whose?address?the?Company?is?not?aware.
????under?the?heading?of?“FINANCIAL?INFORMATION”?shall?be?deemed?satisfied?where,?in
????accordance?with?applicable?laws,?rules?or?regulations?and?the?Exchange?Rules,?the?Company?has
????published?such?copies?as?referred?to?in?Article?140?on?the?Company’s?computer?network?or?in
????any?other?permitted?manner?(including?by?form?of?Electronic?Communication),?and?that?person
????has?agreed?to?treat?the?publication?of?the?documents?in?the?foregoing?manners?to?be?deemed?to
????discharge?the?Company’s?obligations?to?send?to?him?copies?of?such?documents?under?the
????aforesaid?Article.
????????????????????????????????????????(2)?Profit?Distribution
????Board?may?declare?dividends?to?be?paid?to?Members?out?of?the?profits?(whether?realized?or
????unrealized)?or?the?share?premium?account?of?the?Company?or?other?assets?as?permitted?under?the
????Companies?Act.
????Company?may?deem?proper?as?reserves?provided?that?the?profit?distribution?plan?as?approved?by
????an?Ordinary?Resolution?at?the?general?meeting?is?complied?with.?The?Board?may,?at?its?sole
????discretion,?determine?to?employ?such?reserve?in?the?operation?of?the?business?of?the?Company.
????assets,?including?without?limitation?paid?up?shares,?debentures,?or?debenture?stock?of?any?other
????company?held?by?the?Company,?and?issue?of?fractional?Shares,?provided?that?the?profit
????distribution?plan?as?approved?by?an?Ordinary?Resolution?at?the?general?meeting?is?complied
????with.?In?addition,?the?Board?may?settle?dividend?payment?in?manners?as?they?think?expedient
????and?in?particular,?may?issue?fractional?share?certificates?and?fix?the?value?for?distribution?of?such
????specific?assets?or?any?part?thereof?and?may?determine?that?cash?payments?shall?be?made?to?any
????Members?upon?the?footing?of?the?value?so?fixed?in?order?to?adjust?the?rights?of?all?Members?and
????may?create?trusts?in?respect?of?such?specific?assets?from?dividend?payment?vest?any?such
????specific?assets?in?trust?for?management?by?the?trustees?as?may?seem?expedient?to?the?Board.
????Board?to?capitalize?any?sum?standing?to?the?credit?of?any?of?the?Company’s?reserve?accounts
????(including?share?premium?account?and?capital?redemption?reserve?fund)?or?any?sum?standing?to?the
????credit?of?profit?and?loss?account?or?otherwise?available?for?distribution?and?to?appropriate?such?sum
????for?distribution?to?Members?in?the?proportions?in?which?such?sum?would?have?been?divisible?amongst
????them?had?the?same?been?a?distribution?of?profits?by?way?of?dividend?and?to?apply?such?sum?on?their
?????????????????????????????????????????????????-?34?-
?????behalf?in?paying?up?in?full?unissued?Shares?for?allotment?and?distribution?credited?as?fully?paid?up?to
?????and?amongst?the?Members?in?the?proportion?aforesaid.?In?such?event?the?Board?shall?take?all
?????necessary?action?to?give?effect?to?such?capitalisation.?The?Board?may?in?its?absolute?discretion?make
?????such?provisions?as?it?thinks?fit?for?the?case?of?shares?becoming?distributable?in?fractions?(including
?????provisions?whereby?the?benefit?of?fractional?entitlements?accrue?to?the?Company?rather?than?to?the
?????Members?concerned).?The?Board?may?authorize?any?person?to?enter?on?behalf?of?all?of?the?Members
?????interested?into?an?agreement?with?the?Company?providing?for?such?capitalisation?and?matters
?????incidental?thereto?and?any?agreement?made?under?such?authority?shall?be?effective?and?binding?on?all
?????persons?concerned.
????dividends?shall?be?distributed?in?accordance?with?the?amounts?paid?or?credited?as?paid?on?the
????Shares?at?the?relevant?record?date.?For?the?purpose?of?this?Article,?no?amount?paid?or?credited?as
????paid?on?a?share?in?advance?of?calls?shall?be?treated?as?paid?on?the?Share,?whilst?interest?may
????accrue?therefor.
????declared?and?set?aside?for?payment?on?any?series?of?Preferred?Shares?in?respect?of?any?Dividend
????Period?unless?there?shall?likewise?be?or?have?been?paid,?or?declared?and?set?aside?for?payment,
????on?all?Preferred?Shares?of?each?other?series?entitled?to?cumulative?dividends?at?the?time
????outstanding?which?rank?senior?or?equally?as?to?dividends?with?the?series?in?question,?dividends
????ratably?in?accordance?with?the?sums?which?would?be?payable?on?the?said?Preferred?Shares
????through?the?end?of?the?last?preceding?Dividend?Period?if?all?dividends?were?declared?and?paid?in
????full.
????presently?payable?by?him?to?the?Company?on?account?of?calls?or?otherwise.
????cheque?or?warrant?post?directly?to?the?registered?address?of?the?holder?or,?in?the?case?of?joint
????holders,?to?the?holder?who?is?first?named?on?the?Register?of?Members?or?to?such?person?and?to
????such?address?as?such?holder?or?joint?holders?may?in?writing?direct.?Every?such?cheque?or?warrant
????shall?be?made?payable?to?the?order?of?the?person?to?whom?it?is?sent.
?????The?Company?may?cease?sending?such?cheques?for?dividend?entitlements?or?dividend?warrants?if
?????such?cheques?or?warrants?have?been?left?uncashed?on?two?(2)?consecutive?occasions.?However,
?????the?Company?may?exercise?its?power?to?cease?sending?cheques?for?dividend?entitlements?or
?????dividend?warrants?after?the?first?occasion?on?which?such?a?cheque?or?warrant?is?returned
?????undelivered.
????China?for?the?payment?of?dividends?to?holders?of?RMB?Common?Shares,?and?shall?withhold?and
????remit?tax?payable?on?income?of?individual?Members?from?such?dividends?in?accordance?with
????requirements?of?the?tax?law?in?Mainland?China.
??????????????????????????????????????????????????-?35?-
?????????????????????????????(3)?Appointment?and?Duties?of?Auditors
????applicable?laws,?rules?or?regulations?and?the?Exchange?Rules.
????report?thereon?to?be?annexed?thereto.?Such?report?shall?be?laid?before?the?Company?at?its?annual
????general?meeting?in?each?year?and?shall?be?open?to?inspection?by?any?Member.
????following?their?appointment?and?at?any?other?general?meeting?and?at?any?time?during?their
????tenure?of?office?if?so?required?by?the?Board?or?by?the?Members.
????????????????????????????????CHAPTER?7?WINDING?UP
????of?the?Company?and?subject?to?the?Companies?Act,?divide?amongst?the?Members?in?kind?the
????whole?or?any?part?of?the?assets?of?the?Company?(whether?they?shall?consist?of?property?of?the
????same?kind?or?not)?and?may?for?that?purpose?value?any?assets?and?determine?how?the?distribution
????shall?be?carried?out?as?between?the?Members?or?different?classes?of?Members.?The?liquidator
????may,?with?the?like?sanction,?establish?trusts?for?the?whole?or?any?part?of?such?assets?for
????management?by?the?trustees?upon?such?trusts?for?the?benefit?of?Members?as?the?liquidator?shall
????think?fit,?but?so?that?no?Member?shall?be?compelled?to?accept?any?asset?upon?which?there?is?a
????liability.
????Members?shall?be?insufficient?to?repay?the?whole?of?the?paid?up?capital,?such?assets?shall?be
????distributed?so?that,?as?nearly?as?may?be,?the?losses?shall?be?borne?by?the?Members?in?proportion
????to?the?par?value?of?the?Shares?held?by?them.?If?in?a?winding?up?the?assets?available?for
????distribution?amongst?the?Members?shall?be?more?than?sufficient?to?repay?the?whole?of?the?paid
????up?capital?at?the?commencement?of?the?winding?up,?the?surplus?shall?be?distributed?amongst?the
????Members?in?proportion?to?the?par?value?of?the?Shares?held?by?them?at?the?commencement?of?the
????winding?up?subject?to?a?deduction?from?those?Shares?in?respect?of?which?there?are?monies?due,
????of?all?monies?payable?to?the?Company?for?unpaid?calls?or?otherwise.?This?Article?shall?be
????without?prejudice?to?the?rights?conferred?on?the?holders?of?Shares?issued?upon?special?terms?and
????conditions.
????holders?of?any?one?or?more?series?of?Preferred?Shares?which?(1)?are?entitled?to?a?preference?over
????the?holders?of?Common?Shares?upon?such?winding?up,?and?(2)?rank?equally?in?connection?with
????any?such?distribution,?shall?be?insufficient?to?pay?in?full?the?preferential?amount?to?which?the
????holders?of?such?Preferred?Shares?shall?be?entitled,?then?such?assets,?or?the?proceeds?from?the
????sale?thereof,?shall?be?distributed?among?the?holders?of?each?such?series?of?the?Preferred?Shares
????ratably?in?accordance?with?the?sums?which?would?be?payable?on?such?distribution?if?all?sums
????payable?were?discharged?in?full.
???????????????????????????????????????????????-?36?-
?????????????????????????????????CHAPTER?8?INDEMNITY
????of?the?Company?(but?not?including?the?Company’s?auditors)?and?the?personal?representatives?of
????the?same?(each?an?“Indemnified?Person”)?shall?be?indemnified?and?secured?harmless?by?the
????Company?against?all?actions,?proceedings,?costs,?charges,?expenses,?losses,?damages?or?liabilities
????incurred?or?suffered?by?such?Indemnified?Person,?other?than?by?reason?of?such?Indemnified
????Person’s?own?dishonesty,?willful?default?or?fraud,?in?or?about?the?conduct?of?the?Company’s
????business?or?affairs?or?in?the?execution?or?discharge?of?his?duties,?powers,?authorities?or
????discretions,?including?without?prejudice?to?the?generality?of?the?foregoing,?any?costs,?expenses,
????losses?or?liabilities?incurred?by?such?Indemnified?Person?in?defending?(whether?successfully?or
????otherwise)?any?civil?proceedings?concerning?the?Company?or?its?affairs?in?any?court?whether?in
????the?Cayman?Islands?or?elsewhere.
???????????????????????????????????CHAPTER?9?NOTICES
????law,?rules?or?regulations?and?the?Exchange?Rules.
????notices?shall?be?given?in?accordance?with?the?following?provisions:
???????????Electronic?Communication?to?him?or?to?his?address?as?shown?in?the?Register?of?Members
???????????(or?where?the?notice?is?given?by?email?by?sending?it?to?the?email?address?provided?by?such
???????????Member);
???????????website?to?which?the?relevant?person?may?have?access,?subject?to?the?Company?complying
???????????with?any?applicable?laws,?rules?or?regulations?and?the?Exchange?Rules?from?then?in?force
???????????with?regard?to?any?requirements?for?the?obtaining?of?consent?(or?deemed?consent)?from
???????????such?person?and/or?for?giving?notification?to?any?such?person?stating?that?the?notice,
???????????document?or?publication?is?available?on?the?Company’s?computer?network?website?(a
???????????“notice?of?availability”).?The?notice?of?availability?may?be?given?by?any?of?the?means?set
???????????out?above?other?than?by?posting?it?on?the?Company’s?website;
???????????which?the?envelope?containing?the?same?is?properly?addressed,?pre-paid?and?put?into?the
???????????post,?and?shall?be?deemed?to?have?been?served?on?the?day?following?that?day?on?which?the
???????????notice?was?posted.?Where?a?notice?is?given?by?email,?the?service?shall?be?deemed?to?be
???????????effected?by?transmitting?the?email?to?the?email?address?provided?by?the?intended?recipient
???????????and?shall?be?deemed?to?have?been?received?on?the?same?day?on?which?it?was?sent,?and?it
???????????shall?not?be?necessary?for?the?receipt?of?the?email?to?be?acknowledged?by?the?recipient.
???????????Subject?to?Article?161.2,?a?notice?published?on?the?Company’s?website?or?the?website?of
???????????an?Exchange?is?deemed?given?by?the?Company?to?a?Member?on?the?day?following?that?on
???????????which?a?notice?of?availability?is?deemed?served?on?the?Member;
????????????????????????????????????????????????-?37?-
???????????bankruptcy?of?a?Member,?the?Company?may?give?the?notice?in?any?manner?in?which?the
???????????same?might?have?been?given?if?the?death?or?bankruptcy?of?such?Member?had?not?occurred.
????the?Company,?whether?within?or?outside?the?Cayman?Islands.
????requirements?of?CSRC?and?Shanghai?Stock?Exchange.?Notices?issued?by?the?Company?to
????holders?of?RMB?Common?Shares?shall,?in?addition?to?service?of?Notices?to?all?Members?in
????accordance?with?Articles?160?to?161,?be?at?the?same?time?announced?on?media?designated?by
????CSRC.?Once?the?announcement?is?released,?it?will?be?deemed?that?all?holders?of?RMB?Common
????Shares?have?received?such?notice.
????????????????????????????CHAPTER?10?MISCELLANEOUS
?????????????????????????????????????????????(1)?Seal
????behalf.?Every?instrument?to?which?the?Seal?has?been?affixed?shall?be?signed?by?one?person?who
????shall?be?either?a?Director?or?the?secretary?of?the?Board?or?some?other?person?authorized?by?the
????Board?for?such?purpose.?The?Seal?shall?not?be?used?without?authority?of?the?Board.
????duplicate?Seals?each?of?which?shall?be?a?facsimile?of?the?Common?Seal?of?the?Company.?If?the
????Board?so?determines,?the?Company?may?add?on?the?face?of?the?duplicate?Seal?the?name?of?the
????place?where?it?is?to?be?used.
????the?Seal?of?the?Company?over?his?signature?alone?to?any?document?of?the?Company?required?to
????be?authenticated?by?him?under?Seal?or?to?be?filed?with?the?Registrar?of?Companies?in?the
????Cayman?Islands?or?elsewhere?wheresoever.
??????????????????????????????(2)?Transfer?by?way?of?Continuation
????the?provisions?of?the?Companies?Act?and?with?the?sanction?of?a?Special?Resolution,?have?the
????power?to?register?by?way?of?continuation?as?a?body?corporate?under?the?laws?of?any?jurisdiction
????outside?the?Cayman?Islands?and?to?be?deregistered?in?the?Cayman?Islands.
??????????????????????????????????????????????-?38?-
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