Advice to the Company. The Company hereby confirms and acknowledges that the Overall Coordinators have: engaged the Company at various stages during the process of the Global Offering to understand the Company’s preferences and objectives with respect to pricing and the desired shareholder or investor base; explained the basis of its advice and recommendations to the Company including any advantages and disadvantages, including but not limiting to communicated its allocation policy to the Company, and that the Company confirms that it fully understands the factors underlying the allocation recommendations; advised the Company in a timely manner, throughout the period of engagement, of key factors for consideration and how these could influence the pricing outcome, allocation and future shareholder or investor base; advised the Company on the information that should be provided to syndicate CMIs (having the meaning ascribed to it under the Code of Conduct) to enable them to meet their obligations and responsibilities under the Code of Conduct, including information about the Company to facilitate a reasonable assessment of the Company required under the Code of Conduct; provided guidance to the Company on the market’s practice on the ratio of fixed and discretionary fees to be paid to syndicate CMIs (having the meaning ascribed to it under the Code of Conduct) participating in the Global Offering; advised and guided the Company and the Directors as to their responsibilities under the Listing Rules and any other regulatory requirements or guidance issued by the Stock Exchange from time to time which apply to placing activities including the Global Offering, and that the Company and the directors fully understand and undertake to each of the Joint Sponsors, the Overall Coordinators, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Co-lead Manager, the CMIs and the other Hong Kong Underwriters that they have met or will meet these responsibilities; and explained the potential concerns and advised the Company against making any decision which may deviate from the Overall Coordinators’ advice or recommendations in relation to pricing or allocation of the Offer Shares or which may lead to a lack of open market, an inadequate spread of investors or may negatively affect the orderly and fair trading of such shares in the secondary market.
Advice to the Company. The Company acknowledges that any advice given by the Placement Agent to the Company is solely for benefit and use of the Company and may not be used, reproduced, disseminated, quoted or referred to, without the Placement Agent’s prior written consent.
Advice to the Company. The Company hereby confirms and acknowledges that the Overall Coordinators have: engaged the Company at various stages during the process of the Global Offering to understand the Company’s preferences and objectives with respect to pricing and the desired shareholder or investor base; explained the basis of its advice and recommendations to the Company including any advantages and disadvantages, including but not limiting to communicated its allocation policy to the Company, and that the Company confirms that it fully understands the factors underlying the allocation recommendations; advised the Company in a timely manner, throughout the period of engagement, of key factors for consideration and how these could influence the pricing outcome, allocation and future shareholder or investor base; advised the Company on the information that should be provided to syndicate CMIs (having the meaning ascribed to it under the Code of Conduct) to enable them to meet their obligations and responsibilities under the Code of Conduct, including information about the Company to facilitate a reasonable assessment of the Company required under the Code of Conduct; provided guidance to the Company on the market’s practice on the ratio of fixed and discretionary fees to be paid to syndicate CMIs (having the meaning ascribed to it under the Code of Conduct) participating in the Global Offering; advised and guided the Company and the Directors as to their responsibilities under the Listing Rules and any other regulatory requirements or guidance issued by the Stock Exchange from time to time which apply to placing activities including the Global Offering, and that the Company and the directors fully understand and undertake to each of the Joint Sponsors, the Overall Coordinators, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Co-lead Manager, the CMIs and the other Hong Kong Underwriters that they have met or will meet these responsibilities; and explained the potential concerns and advised the Company against making any decision which may deviate from the Overall Coordinators’ advice or recommendations in relation to pricing or allocation of the Offer Shares or which may lead to a lack of open market, an inadequate spread of investors or may negatively affect the orderly and fair trading of such shares in the secondary market.
