Common use of GEM LISTING RULES IMPLICATIONS Clause in Contracts

GEM LISTING RULES IMPLICATIONS. As one of the applicable percentage ratios calculated in accordance with the GEM Listing Rules in respect of the Disposal is more than 75%, the Disposal constitutes a very substantial disposal of the Company under the GEM Listing Rules. A circular containing, among other things, further details of the Disposal, notice of the SGM and other information as required under the GEM Listing Rules is expected to be despatched to the Shareholders on or before 19 November 2019.

GEM LISTING RULES IMPLICATIONS. As one or more of the applicable percentage ratios calculated in accordance with (as defined under the GEM Listing Rules Rules) in respect of the Disposal is more exceed 5% but all of them are less than 7525%, the Disposal constitutes a very substantial disposal discloseable transaction of the Company and is subject to the reporting and announcement requirements under Chapter 19 of the GEM Listing Rules. A circular containing, among other things, further details of the Disposal, notice of the SGM and other information as required under the GEM Listing Rules is expected to be despatched to the Shareholders on or before 19 November 2019.

GEM LISTING RULES IMPLICATIONS. As one or more of the applicable percentage ratios calculated (as defined in accordance with the GEM Listing Rules Rules) in respect of the Disposal is more greater than 755% but less than 25%, the Disposal constitutes a very substantial disposal of discloseable transaction for the Company and is subject to reporting and announcement requirements under Chapter 19 of the GEM Listing Rules. A circular containing, among other things, further details of the Disposal, notice of the SGM and other information as required under the GEM Listing Rules is expected to be despatched to the Shareholders on or before 19 November 2019.

GEM LISTING RULES IMPLICATIONS. As one or more of the relevant applicable percentage ratios calculated in accordance with the GEM Listing Rules in respect of the Disposal is more greater than 755% but less than 25%, the Disposal constitutes a very substantial disposal discloseable transaction for the Company under Chapter 19 of the Company GEM Listing Rules and is subject to the reporting and announcement requirements but is exempted from shareholders’ approval requirement under the GEM Listing Rules. A circular containing, among other things, further details of the Disposal, notice of the SGM and other information as required under the GEM Listing Rules is expected to be despatched to the Shareholders on or before 19 November 2019.

GEM LISTING RULES IMPLICATIONS. As one of the applicable percentage ratios calculated in accordance with ratio (as defined under the GEM Listing Rules Rules) in respect of the Disposal is more than 755% but less than 25%, the Disposal constitutes a very substantial disposal of discloseable transaction for the Company under the GEM Listing Rules. A circular containing, among other things, further details Rules and is subject to notification and announcement requirements under Rule 19.34 of the Disposal, notice of the SGM and other information as required under the GEM Listing Rules is expected to be despatched to the Shareholders on or before 19 November 2019Rules.