Common use of APPROVAL BY THE BOARD OF DIRECTORS Clause in Contracts

APPROVAL BY THE BOARD OF DIRECTORS. The renewal of the Master Leasing Agreement None of the Directors has a material interest in the renewal of the Master Leasing Agreement. Xx. Xxxxx Kar-shun, Xxxxx and Xx. Xxxxx Xxx-xxxx, Xxxxxx are common directors of the Company and NWD. Other than Xx. Xxxxx Kar-shun, Xxxxx and Xx. Xxxxx Xxx-xxxx, Xxxxxx, none of the Directors is required to abstain from voting on the relevant board resolutions. Xx. Xxxxx Kar-shun, Xxxxx and Xx. Xxxxx Xxx-xxxx, Xxxxxx who were present at the meeting of the board of the Company have abstained from voting on the relevant board resolutions. The renewal of the Master Services Agreement None of the Directors has a material interest in the renewal of the Master Services Agreement. Mr. Xxx is an associate of Xx. Xxxxx Kar-shun, Xxxxx and Xx. Xxxxx Chi-kong, Xxxxxx. Xx. Xxxxx Kar- shun, Xxxxx is a common director of the Company and FSE Services, which is a member of the Services Group. Both of Xx. Xxxxx Xxx-xxxx, Xxxxx and Xx. Xxxxx Xxx-kong Xxxxxx are Directors. Xx. Xxxxx Kar-shun, Xxxxx and Xx. Xxxxx Xxx-xxxx Xxxxxx who were present at the meeting of the board of the Company have abstained from voting on the relevant board resolutions.

APPROVAL BY THE BOARD OF DIRECTORS. The renewal of the Services Group Master Leasing Services Agreement None of the Directors Mr. Xxx has a material interest in the renewal of the Services Group Master Leasing Services Agreement. Xx. Xxxxx Kar-shunKar Shun, Xxxxx beneficially owns 18% interest in FSE Holdings Limited, which holds 75% of FSE Engineering, a member of the Services Group. Mr. Xxx, Xx. Xxxxx Chi Kong, Xxxxxx, Xx. Xxxxx Xxx Xxxx, Xx. Xxxxx Xxx Xxx, Xxxxx and Xx. Xxxxx Xxx-xxxxKar Xxxxx, Xxxxxx are common directors Xxxxx, who were present at the meeting of the Company and NWD. Other than Xx. Xxxxx Kar-shun, Xxxxx and Xx. Xxxxx Xxx-xxxx, Xxxxxx, none board of the Directors is required to abstain abstained from voting on the relevant board resolutions. Xx. Xxxxx Kar-shunXxx Xxxx, Xxxxx and Xx. Xxxxx Xxx-xxxx, Xxxxxx who were was not present at the aforesaid meeting of the board of the Company have abstained from voting Directors and accordingly did not vote on the relevant board resolutions. The renewal of the CTFE Master Services Agreement None of the Directors has a material interest in the renewal of the CTFE Master Services Agreement. Mr. Xxx is an associate of Xx. Xxxxx Kar-shunXxx Xxxx, Xxxxx, Xx. Xxxxx Xxx Xxxx, Xxxxxx, Xx. Xxxxx Kar Xxxxx, Xxxxx and Xx. Xxxxx Chi-kongXxx Xxxx all being Directors, Xxxxxxare also directors of CTFE. Xx. Xxxxx Kar- shunChi Kong, Xxxxx is a common director of the Company and FSE ServicesXxxxxx, which is a member of the Services Group. Both of Xx. Xxxxx Xxx-xxxx, Kar Xxxxx Xxxxx and Xx. Xxxxx Xxx-kong Xxxxxx are Directors. Xx. Xxxxx Kar-shunXxx Xxxx and their associates, Xxxxx being Mr. Xxx and Xx. Xxxxx Xxx Xxx-xxxx Xxxxxx who were present at the meeting of the board of the Company have , Xxxxx, abstained from voting on the relevant board resolutions. Xx. Xxxxx Xxx Xxxx, Xxxxx was not present at the aforesaid meeting of the board of Directors and accordingly did not vote on the relevant board resolutions.

APPROVAL BY THE BOARD OF DIRECTORS. The renewal of the Services Group Master Leasing Services Agreement None of the Directors Mr. Doo has a material interest in the renewal of the Services Group Master Leasing Services Agreement. Xx. Xxxxx Kar-shunKar Shun, Xxxxx beneficially owns 18% interest in FSE Holdings Limited, which holds 75% of FSE Engineering, a member of the Services Group. Mr. Doo, Xx. Xxxxx Chi Kong, Xxxxxx, Xx. Xxxxx Xxx Xxxx, Xx. Xxxxx Chi Man, Xxxxx and Xx. Xxxxx Xxx-xxxxKar Xxxxx, Xxxxxx are common directors Xxxxx, who were present at the meeting of the Company and NWD. Other than Xx. Xxxxx Kar-shun, Xxxxx and Xx. Xxxxx Xxx-xxxx, Xxxxxx, none board of the Directors is required to abstain abstained from voting on the relevant board resolutions. Xx. Xxxxx Kar-shunXxx Xxxx, Xxxxx and Xx. Xxxxx Xxx-xxxx, Xxxxxx who were was not present at the aforesaid meeting of the board of the Company have abstained from voting Directors and accordingly did not vote on the relevant board resolutions. The renewal of the CTFE Master Services Agreement None of the Directors has a material interest in the renewal of the CTFE Master Services Agreement. Mr. Xxx is an associate of Xx. Xxxxx Kar-shunXxx Xxxx, Xxxxx, Xx. Xxxxx Chi Kong, Xxxxxx, Xx. Xxxxx Kar Xxxxx, Xxxxx and Xx. Xxxxx Chi-kongXxx Xxxx all being Directors, Xxxxxxare also directors of CTFE. Xx. Xxxxx Kar- shunChi Kong, Xxxxx is a common director of the Company and FSE ServicesXxxxxx, which is a member of the Services Group. Both of Xx. Xxxxx Xxx-xxxx, Kar Xxxxx Xxxxx and Xx. Xxxxx Xxx-kong Xxxxxx are Directors. Xx. Xxxxx Kar-shunXxx Xxxx and their associates, Xxxxx being Mr. Doo and Xx. Xxxxx Xxx Xxx-xxxx Xxxxxx who were present at the meeting of the board of the Company have , Xxxxx, abstained from voting on the relevant board resolutions. Xx. Xxxxx Xxx Xxxx, Xxxxx was not present at the aforesaid meeting of the board of Directors and accordingly did not vote on the relevant board resolutions.

APPROVAL BY THE BOARD OF DIRECTORS. The renewal of the Master Leasing Agreement None of the Directors has a material interest in the renewal of the Master Leasing Agreement. Xx. Xxxxx KarXxx-shunxxxx, Xxxxx and Xxxxx, Xx. Xxxxx Xxx-xxxx, Xxxxxx and Mr. Xx Xxx-xxxxxx are common directors of the Company and NWD. Other than Xx. Xxxxx KarXxx-shunxxxx, Xxxxx and Xxxxx, Xx. Xxxxx Xxx-xxxx, XxxxxxXxxxxx and Mr. Xx Xxx-xxxxxx, none of the Directors is required to abstain from voting on the relevant board resolutions. Xx. Xxxxx KarChi-shunkong, Xxxxx Xxxxxx and Xx. Xxxxx Mr. Xx Xxx-xxxx, Xxxxxx xxxxxx who were present at the meeting of the board of the Company have abstained from voting on the relevant board resolutions. The renewal Xx. Xxxxx Kar-shun, Xxxxx was not present at the meeting of the board of the Company and accordingly did not vote on the relevant board resolutions. The Master Services Agreement None of the Directors has a material interest in the renewal of the Master Services Agreement. Mr. Xxx is an associate of Xx. Xxxxx Kar-shun, Xxxxx and Xx. Xxxxx Chi-kong, Xxxxxx. Xx. Xxxxx Kar- Kar-shun, Xxxxx is a common director of the Company and FSE ServicesEngineering, which is a member of the Services Group. Both of Xx. Xxxxx Xxx-xxxx, Xxxxx and Xx. Xxxxx Xxx-kong Xxxxxx are Directors. Xx. Xxxxx Kar-shun, Xxxxx and Xx. Xxxxx Xxx-xxxx Xxx- kong Xxxxxx who were was present at the meeting of the board of the Company have has voluntarily abstained from voting on the relevant board resolutions. Xx. Xxxxx Kar-shun, Xxxxx was not present at the meeting of the board of the Company and accordingly did not vote on the relevant board resolutions.