Common use of LISTING RULE IMPLICATIONS Clause in Contracts

LISTING RULE IMPLICATIONS. Xxxxxxxx Xxxxxxxx is wholly owned by Xx. Xxxxx Xxxxx Xxxx and his family members. Xx. Xxxxx Xxxxx Xxxx is the brother of Xx. Xxxxxx Xxx and Xx. Xxxxx Xxxxx Xxx, the uncle of Xx. Xxx Xxxx Xxxx, Xx. Xxx Xxx and Xx. Xxxxx Xxxxxxxx, all of whom are the Directors and substantial shareholders of the Company. Xxxxxxxx Xxxxxxxx is hence a connected person of the Company and the transactions contemplated under the Packaging Paper Supply Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the applicable ratios for the annual transaction amount of the Packaging Paper Supply Agreement are expected to be over 0.1% but less than 5%, the Packaging Paper Supply Agreement will be subject to the reporting, annual review and announcement requirements but exempt from the requirement of Independent Shareholders’ approval under Chapter 14A of the Listing Rules.

LISTING RULE IMPLICATIONS. Xxxxxxxx Xxxxxxxx Xxxxx Xxxx Group is wholly owned by Xx. Xxxxx Xxxxx Xxxx and his family members. Xx. Xxxxx Xxxxx Xxxx is the brother of Xx. Xxxxxx Xxx and Xx. Xxxxx Xxxxx Xxx, the uncle of Xx. Xxx Xxxx Xxxx, Xx. Xxx Xxx and Xx. Xxxxx Xxxxxxxx, all of whom are the Directors and substantial shareholders of the Company. Xxxxxxxx Xxxxxxxx Xxxxx Xxxx Group is hence a connected person of the Company and the transactions contemplated under the Packaging Paper Supply Chemicals Purchase Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the applicable ratios for the annual transaction amount of the Packaging Paper Supply Chemicals Purchase Agreement are expected to be over 0.1% but less than 5%, the Packaging Paper Supply Chemicals Purchase Agreement will be subject to the reporting, annual review and announcement requirements but exempt from the requirement of Independent Shareholders’ approval under Chapter 14A of the Listing Rules.. NON-EXEMPT CONTINUING CONNECTED TRANSACTIONS Recovered Paper, Recycled Pulp and Woodchips Agreement

LISTING RULE IMPLICATIONS. Xxxxxxxx Xxxxxxxx Xxxxx Xxxx Group is wholly owned by Xx. Xxxxx Xxxxx Xxxx and his family members. Xx. Xxxxx Xxxxx Xxxx is the brother of Xx. Xxxxxx Xxx and Xx. Xxxxx Xxxxx Xxx, the uncle of Xx. Xxx Xxxx Xxxx, Xx. Xxx Xxx and Xx. Xxxxx Xxxxxxxx, all of whom are the Directors and substantial shareholders of the Company. Xxxxxxxx Xxxxxxxx Xxxxx Xxxx Group is hence a connected person of the Company and the transactions contemplated under the Packaging Paper Supply Chemicals Purchase Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the applicable ratios for the annual transaction amount of the Packaging Paper Supply Chemicals Purchase Agreement are expected to be over 0.1% but less than 5%, the Packaging Paper Supply Chemicals Purchase Agreement will be subject to the reporting, annual review and announcement requirements but exempt from the requirement of Independent Shareholders’ approval under Chapter 14A of the Listing Rules.. NON-EXEMPT CONTINUING CONNECTED TRANSACTIONS Recovered Paper and Recycled Pulp Agreement