Exercise of Rights Under the Hong Kong Underwriting Agreement Clause Samples

Exercise of Rights Under the Hong Kong Underwriting Agreement. Each Hong Kong Underwriter (other than the Global Coordinator) authorises the Global Coordinator as its agent and on its behalf in the sole and absolute discretion of the Global Coordinator to exercise or waive any and all rights and discretions granted to that Hong Kong Underwriter under the Hong Kong Underwriting Agreement or expressed to be exercisable by the Global Coordinator (on behalf of the Hong Kong Underwriters), including but not limited to: (1) making deductions from the gross proceeds to the Hong Kong Underwriters pursuant to the terms of the Hong Kong Underwriting Agreement; and (2) the discretion to give consent to the Company, Selling Shareholders and/or Controlling Shareholders, as the case may be, to take certain actions pursuant to the Hong Kong Underwriting Agreement.