Common use of IMPLICATIONS OF THE LISTING RULES Clause in Contracts

IMPLICATIONS OF THE LISTING RULES. To the best of the Directors’ knowledge, information and belief and having made all reasonable enquiries, Xx. Xx Xxxxx is a substantial Shareholder holding approximately 29.80% of the issued share capital of the Company as at the date of this announcement, the chairman and an executive Director of the Company. Accordingly, Xx. Xx Xxxxx is a connected person of the Company under Chapter 14A of the Listing Rules and the Further Supplemental Agreement constitutes a connected transaction, and is subject to the reporting, announcement, circular and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules. As the highest applicable percentage ratio under Chapter 14 of the Listing Rules in respect of the Further Supplemental Agreement exceeds 100%, the Further Supplemental Agreement constitutes a very substantial acquisition of the Company, and is subject to the reporting, announcement, circular and shareholders’ approval requirements under Chapter 14 of the Listing Rules.

IMPLICATIONS OF THE LISTING RULES. To the best of the Directors’ knowledge, information and belief and having made all reasonable enquiries, Xx. Xx Xxxxx is a substantial Shareholder holding approximately 29.8026.34% of the issued share capital of the Company as at the date of this announcement, the chairman and an executive Director of the Company. Accordingly, Xx. Xx Xxxxx is a connected person of the Company under Chapter 14A of the Listing Rules and the Fourth Further Supplemental Agreement constitutes a connected transaction, and is subject to the reporting, announcement, circular and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules. * For identification purpose only As the highest applicable percentage ratio under Chapter 14 of the Listing Rules in respect of the Fourth Further Supplemental Agreement exceeds 25% but is lower than 100%, the Fourth Further Supplemental Agreement constitutes a very substantial acquisition major transaction of the Company, and is subject to the reporting, announcement, circular and shareholders’ approval requirements under Chapter 14 of the Listing Rules.

IMPLICATIONS OF THE LISTING RULES. To the best of the Directors’ knowledge, information and belief and having made all reasonable enquiries, Xx. Xx Xxxxx is a substantial Shareholder holding approximately 29.80% of the issued share capital of the Company as at the date of this announcement, the chairman and an executive Director of the Company. Accordingly, Xx. Xx Xxxxx is a connected person of the Company under Chapter 14A of the Listing Rules and the Amended Second Further Supplemental Agreement constitutes a connected transaction, and is subject to the reporting, announcement, circular and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules. As the highest applicable percentage ratio under Chapter 14 of the Listing Rules in respect of the Amended Second Further Supplemental Agreement exceeds 100%, the Amended Second Further Supplemental Agreement constitutes a very substantial acquisition of the Company, and is subject to the reporting, announcement, circular and shareholders’ approval requirements under Chapter 14 of the Listing Rules.

IMPLICATIONS OF THE LISTING RULES. To the best of the Directors’ knowledge, information and belief and having made all reasonable enquiries, Xx. Xx Xxxxx is a substantial Shareholder holding approximately 29.80% of the issued share capital of the Company as at the date of this announcement, the chairman and an executive Director of the Company. Accordingly, Xx. Xx Xxxxx is a connected person of the Company under Chapter 14A of the Listing Rules and the Further Supplemental Agreement constitutes a connected transaction, and is subject to the reporting, announcement, circular and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules. * For identification purpose only As one or more of the highest applicable percentage ratio ratios under Chapter 14 of the Listing Rules in respect of the Further Supplemental Agreement exceeds is more than 25% but less than 100%, the Further Supplemental Agreement constitutes a very substantial acquisition major transaction of the Company, and is subject to the reporting, announcement, circular and shareholders’ approval requirements under Chapter 14 of the Listing Rules.