Millennium Pacific Group Holdings Limited — Proxy Solicitation & Information Statement 2014

Dec 17, 2014

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt about this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in Millennium Pacific Group Holdings Limited, you should at once hand this circular and the accompanying form of proxy to the purchaser or transferee or to the bank, or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this circular, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular.

Millennium Pacific Group Holdings Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 8147)

PROPOSED SHARE SUBDIVISION CHANGE OF BOARD LOT SIZE AND

NOTICE OF EXTRAORDINARY GENERAL MEETING

A notice convening an extraordinary general meeting of the Company to be held at Room 1604, 16/F, South Tower, Concordia Plaza, 1 Science Museum Road, Tsim Sha Tsui, Kowloon, Hong Kong on Wednesday, 7 January 2015 at 10:00 a.m. is set out on pages 9 to 10 of this circular. A form of proxy for use at the extraordinary general meeting is also enclosed with this circular. Such form of proxy is also published on the ‘‘Latest Company Announcements’’ page of the GEM website at www.hkgem.com for at least 7 days from the date of its posting and the Company at www.cpit.com.hk.

Whether or not you are able to attend the extraordinary general meeting, you are requested to complete the accompanying form of proxy in accordance with the instructions printed thereon and deposit the same at the Company’s branch share registrar and transfer office in Hong Kong, Tricor Investor Services Limited, at Level 22, Hopewell Centre, 183 Queen’s Road East, Hong Kong as soon as possible and in any event not less than 48 hours before the time appointed for the holding of the extraordinary general meeting or any adjournment thereof. Completion and return of the form of proxy will not preclude you from attending and voting in person at the extraordinary general meeting or any adjournment thereof should you so wish.

17 December 2014

CONTENTS

	Pages
Characteristics of GEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	ii
Expected timetable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	iii
Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1
Letter from the Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3
Notice of the EGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	9

– i –

CHARACTERISTICS OF GEM

GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.

Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM.

– ii –

EXPECTED TIMETABLE

The expected timetable for the implementation of the Share Subdivision, change of board lot size and the associated trading arrangement are set out below:

2015 Latest date and time of lodgement of form of proxy for the EGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10:00 a.m. on 5 January Expected date and time of the EGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10:00 a.m. on 7 January Publication of the announcement of the results of the EGM. . . . . . . . . . . . . . . . . . . . . . . . . 7 January The following events are conditional on the fulfillment of the conditions for the implementation of the Share Subdivision as set out in the section headed ‘‘THE SHARE SUBDIVISION’’ in the letter from the Board contained in this circular. Effective date of the Share Subdivision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 January First day of free exchange of existing share certificates for the new share certificates for the Subdivided Shares. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 January Dealings in Subdivided Shares commence . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on 8 January Original counter for trading in Shares in board lots of 2,000 Shares temporarily closes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on 8 January Temporary counter for trading in Subdivided Shares in board lots size of 20,000 Subdivided Shares (in the form of existing certificates) opens . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on 8 January Original counter for trading in Subdivided Shares in board lots of 4,000 Subdivided Shares (only new share certificates for the Subdivided Shares can be traded at this counter) reopens . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on 22 January Parallel trading in the Subdivided Shares (in the form of existing share certificates and new share certificates) commences . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on 22 January Designated broker starts to stand in the market for providing the matching services for the odd lots of the Subdivided Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on 22 January Temporary counter for trading in board lots of 20,000 Subdivided Shares (in the form of existing share certificates) closes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on 11 February

– iii –

EXPECTED TIMETABLE

Parallel trading in Subdivided Shares

(in the form of existing share certificates

and new share certificates) ends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on 11 February

Designated broker ceases to stand in the market

for providing the matching services for the odd

lots of the Subdivided Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on 11 February

Free exchange of existing certificates for the Shares

for new certificates for the Subdivided Shares ends. . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 February

Note: All times refer to Hong Kong local times and dates in this circular.

Dates or deadlines specified in this circular are indicative only and may be varied by the Company. Any subsequent changes to the expected timetable above will be published or notified to the Shareholders as and when appropriate.

– iv –

DEFINITIONS

In this circular, the following expressions have the following meanings unless the context requires otherwise:

• ‘‘Board’’ the board of Directors ‘‘CCASS’’ the Central Clearing and Settlement System established and operated by HKSCC

• ‘‘Company’’ Millennium Pacific Group Holdings Limited (stock code: 8147), a company incorporated in the Cayman Islands with limited liability, the issued Shares of which are listed on GEM

• ‘‘Director(s)’’ director(s) of the Company ‘‘EGM’’ the extraordinary general meeting of the Company to be held on 7 January 2015 at 10:00 a.m. to approve, if thought fit, the Share Subdivision, the notice of which is set out on pages 9 to 10 of this circular

• ‘‘GEM’’ the Growth Enterprise Market of the Stock Exchange ‘‘GEM Listing Rules’’ the Rules Governing the Listing of Securities on GEM ‘‘HKSCC’’ Hong Kong Securities Clearing Company Limited ‘‘Hong Kong’’ the Hong Kong Special Administrative Region of the People’s Republic of China

• ‘‘Latest Practicable Date’’ 15 December 2014, being the latest practicable date prior to the printing of this circular for ascertaining certain information referred to in this circular

• ‘‘Listing Committee’’ has the meaning ascribed to it in the GEM Listing Rules

• ‘‘Pre-IPO Share Option the pre-IPO share option scheme adopted by the Company Scheme’’ on 20 June 2014

• ‘‘Share(s)’’ existing ordinary share(s) of HK$0.01 each in the share capital of the Company before the Share Subdivision becoming effective

• ‘‘Share Subdivision’’ the proposed subdivision of each of the issued and unissued Share into ten (10) Subdivided Shares

• ‘‘Shareholder(s)’’ holder(s) of the Share(s) or the Subdivided Share(s), as the case may be

• ‘‘Stock Exchange’’ The Stock Exchange of Hong Kong Limited

– 1 –

DEFINITIONS

‘‘Subdivided Share(s)’’ ordinary share(s) of HK$0.001 each in the share capital of the Company upon the Share Subdivision becoming effective ‘‘HK$’’ Hong Kong dollar(s), the lawful currency of Hong Kong

– 2 –

LETTER FROM THE BOARD

Millennium Pacific Group Holdings Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 8147)

Executive Directors: Mr. Tang Wai Ting, Samson (Chairman) Ms. Chan Kai Hei Mr. Chiu Chen Hsun

Non-executive Director: Mr. Tse Yee Hin, Tony Dr. Li Ying

Independent non-executive Directors: Mr. Ng Ka Chung Mr. Lee Wai Hung Ms. Eugenia Yang Ms. Chan Sze Man

Registered office: Clifton House 75 Fort Street P.O. Box 1350 Grand Cayman KY1-1108 Cayman Islands

Headquarters in PRC: B3 Yucan Industrial Park Lanzhu West Road Export Processing Zone Pingshan New District Shenzhen Guangdong Province PRC

Principal place of business in Hong Kong: Unit 5, 4/F, Energy Plaza No. 92 Granville Road Tsim Sha Tsui East, Kowloon Hong Kong

17 December 2014

To the Shareholders

Dear Sir or Madam

PROPOSED SHARE SUBDIVISION CHANGE OF BOARD LOT SIZE AND

NOTICE OF EXTRAORDINARY GENERAL MEETING

INTRODUCTION

Reference is made to the announcement of the Company dated 10 December 2014 in which the Board proposes to (1) subdivide each of the existing issued and unissued Share of HK$0.01 of the Company into ten (10) Subdivided Shares of HK$0.001 each; and (2) subject to and upon the Share Subdivision becoming effective, the board lot size will be changed from 2,000 shares to 4,000 Subdivided Shares.

– 3 –

LETTER FROM THE BOARD

The purpose of this circular is to provide you with information relating to the Share Subdivision and the proposed change in board lot size and to give you notice of the EGM at which an ordinary resolution will be proposed to approve, among other matters, the Share Subdivision.

PROPOSED SHARE SUBDIVISION

The Board proposes to subdivide each of the existing issued and unissued Share of HK$0.01 in the share capital of the Company into ten (10) Subdivided Shares of HK$0.001 each.

All Subdivided Shares will rank pari passu with each other in all respects with the Shares in issue prior to the Share Subdivision and the rights attached to the Subdivided Shares will not be affected by the Share Subdivision.

As at the Latest Practicable Date, the authorised share capital of the Company was HK$10,000,000 divided into 1,000,000,000 Shares of HK$0.01 each, of which 104,556,000 Shares have been issued and are fully paid or credited as fully paid. Upon the Share Subdivision becoming effective, the authorised share capital of the Company will be HK$10,000,000 divided into 10,000,000,000 Subdivided Shares, of which 1,045,560,000 Subdivided Shares will be in issue and fully paid or credited as fully paid, assuming that no further Shares are issued or repurchased prior to the Share Subdivision becoming effective.

CONDITIONS OF THE SHARE SUBDIVISION

The Share Subdivision is conditional upon:

• (a) the passing by the Shareholders at the EGM of an ordinary resolution approving the Share Subdivision; and

• (b) the Listing Committee granting the listing of, and permission to deal in, the Subdivided Shares.

The Share Subdivision will become effective after the conditions of the Share Subdivision above are fulfilled.

LISTING AND DEALING

An application will be made to the Stock Exchange for the listing of and permission to deal in the Subdivided Shares arising from the Share Subdivision. All necessary arrangements have been made and subject to the granting of the listing of, and permission to deal in, the Subdivided Shares on the Stock Exchange, the Subdivided Shares will be accepted as eligible securities by the HKSCC for deposit, clearance and settlement in CCASS with effect from the commencement date of dealings in the Subdivided Shares on the Stock Exchange or such other date as may be determined by HKSCC. Settlement of transactions between participants of the Stock Exchange on any trading day is required to take place in CCASS on the second trading day thereafter. All activities under CCASS are subject to the General Rules of CCASS and CCASS Operational Procedures in effect from time to time.

– 4 –

LETTER FROM THE BOARD

No part of the equity or debt securities of the Company is listed or dealt in on any other stock exchanges other than the Stock Exchange and no such listing permission to deal in is being or is currently proposed to be sought from any other stock exchange.

PROPOSED CHANGE OF BOARD LOT SIZE

The Board proposes that subject to and upon the Share Subdivision becoming effective, the board lot size will be changed from 2,000 Shares to 4,000 Subdivided Shares. Based on the closing price of the Shares as at the Latest Practicable Date of HK$19.3 per Share, the current board lot value amounts to HK$38,600. The change of board lot size to 4,000 Subdivided Shares, together with the Share Subdivision, will effectively reduce the board lot value to approximately HK$7,720 (calculated based on the closing price of the Latest Practicable Date and adjusted for the effect of Share Subdivision).

The change in the board lot size will not result in any change in the relative rights of the Shareholders or any odd board lots other than those which already exist. The Directors consider that the change of the board lot size together with the Share Subdivision is in the interest of the Company and the Shareholders as a whole.

REASONS FOR THE SHARE SUBDIVISION AND CHANGE OF BOARD LOT SIZE

The trading price of the Shares has increased as compared with its initial listing price and resulting in the increase in the value of a board lot. For the initial listing of the Shares on 18 July 2014, the placing price per Share was HK$1.35 and each board lot value was HK$2,700. As at the Latest Practicable Date, the closing price per Share as quoted on the Stock Exchange is HK$19.3 and each board lot value is HK$38,600. The high board lot value sets a high entry fee for investors and compromises the liquidity of the trading of the Shares. The Share Subdivision will result in downward adjustment to the trading price of the Shares. The Board believes that the Share Subdivision will decrease the trading spread as well as the volatility of the trading price of the Shares and thus result in the improved liquidity in trading of the Company’s Subdivided Shares. Therefore, the Board considers that the Share Subdivision will enable the Company to attract more investors and broaden its Shareholder base. The Board also considers that the proposed change of board lot size will result in Subdivided Shares being traded in a more reasonable board lot size and value.

Save for the expenses to be incurred by the Company in relation to the Share Subdivision, the implementation of the Share Subdivision will not, by itself, alter the underlying assets, business operations, management or the financial position of the Company or the proportionate interest of the Shareholders. The Board considers that the Share Subdivision and the proposed change of board lot size are in the interests of the Company and the Shareholders as a whole.

ARRANGEMENT ON ODD LOT TRADING

The proposed change in board lot size after the Share Subdivision becoming effective will result in odd lots of the Subdivided Shares.

– 5 –

LETTER FROM THE BOARD

In order to alleviate the difficulties arising from the odd lots of Subdivided Shares arising from the Share Subdivision and the proposed change in board lot size, the Company has appointed KGI Asia Limited as an agent to provide matching services for sale and purchase of odd lots of Subdivided Shares of Shareholders. Holders of Shares who wish to take advantage of the matching services to dispose or top up odd lots of Subdivided Shares may directly or through their broker contact the Customer Service Officer of KGI Asia Limited at 41/F, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong (telephone: (852) 2878 5555 and facsimile: (852) 2878 4334) during office hours of the period from Thursday, 22 January 2015 to Wednesday, 11 February 2015 (both dates inclusive). Holders of the Shares in odd lots should note that successful matching of the sale and purchase of odd lots of the Subdivided Shares is not guaranteed. The Shareholders are recommended to consult their professional advisers if they are in doubt about the above facility.

FREE EXCHANGE OF SHARE CERTIFICATES

Upon the Share Subdivision becoming effective, the Shareholders can submit their existing share certificates for the Shares to the Company’s branch share registrar and transfer office in Hong Kong, Tricor Investor Services Limited at Level 22, Hopewell Centre, 183 Queen’s Road East, Hong Kong, in exchange for new share certificates for the Subdivided Shares free of charge during the business hours from 8 January 2015 to 13 February 2015 (both days inclusive). After the expiry of such period, existing certificates for the Shares will be accepted for exchange only on payment of a fee of HK$2.50 (or such higher amount as may from time to time be specified by the Stock Exchange) for each existing share certificate cancelled or new share certificate issued (whichever number of share certificates involved is higher).

From 13 February 2015 onwards, existing certificates for the Shares will cease to be valid for trading and settlement purpose, but will continue to be good evidence of legal title to the Subdivided Shares on the basis of one (1) Share for ten (10) Subdivided Shares.

It is expected that the new share certificates will be available for collection within a period of ten business days after the submission of the existing share certificates.

The new share certificates for the Subdivided Shares will be issued in blue colour to distinguish from the existing share certificates for the Shares, which are in purple colour.

ADJUSTMENT TO OPTIONS

As at the Latest Practicable Date, there are 1,944,000 outstanding share options granted by the Company under the Pre-IPO Share Option Scheme. The Company will adjust the exercise price and the number of the outstanding share options upon completion of the Share Subdivision. The Company will arrange its auditors or an independent financial adviser to certify the adjustments to the exercise price and the number of the outstanding share options. The Company will inform the grantees of the options regarding the adjustments to be made pursuant to the terms and conditions of the Pre-IPO Share Option Scheme. Further announcement will be made by the Company regarding the required adjustments in due course.

– 6 –

LETTER FROM THE BOARD

Save for the expenses to be incurred by the Company in relation to the Share Subdivision, the implementation of the Share Subdivision will not, by itself, alter the underlying assets, business operations, management or the financial position of the Company or the proportionate interest of the Shareholders. The Board considers that the Share Subdivision is in the interests of the Company and the Shareholders as a whole.

TRADING ARRANGEMENT FOR SUBDIVIDED SHARES

Subject to the Share Subdivision being effective, dealings in the Subdivided Shares are expected to commence on 8 January 2015. Parallel trading in the Shares and Subdivided Shares (in the form of existing share certificates and new share certificates) will be operated from 22 January 2015 to 11 February 2015 (both days inclusive). Full details of the expected timetable and trading arrangement of the Shares are set out on pages iii and iv of this circular.

THE EGM

Set out on pages 9 to 10 of this circular is a notice convening the EGM to be held at Room 1604, 16/F, South Tower, Concordia Plaza, 1 Science Museum Road, Tsim Sha Tsui, Kowloon, Hong Kong at 10:00 a.m. on 7 January 2015.

The ordinary resolution proposed to be approved at the EGM will be taken by poll. As no Shareholder has a material interest in the Share Subdivision which is different from that of the other Shareholder, no Shareholder is required to abstain from voting at the EGM to approve the Share Subdivision.

A form of proxy for use at the EGM is enclosed with this circular. Whether or not you are able to attend the extraordinary general meeting, you are requested to complete the accompanying form of proxy in accordance with the instructions printed thereon and deposit the same at the Company’s branch share registrar and transfer office in Hong Kong, Tricor Investor Services Limited, at Level 22, Hopewell Centre, 183 Queen’s Road East, Hong Kong as soon as possible and in any event not less than 48 hours before the time appointed for the holding of the extraordinary general meeting or any adjournment thereof. Completion and return of the form of proxy will not preclude you from attending and voting in person at the extraordinary general meeting or any adjournment thereof should you so wish.

RECOMMENDATION

The Directors consider that the Share Subdivision is in the interests of the Company and the Shareholders as a whole. Accordingly, the Directors recommend the Shareholders to vote in favour of the ordinary resolution at the EGM to approve the Share Subdivision.

– 7 –

LETTER FROM THE BOARD

INTERESTS OF THE COMPLIANCE ADVISER

As notified by the compliance adviser of the Company, Ample Capital Limited, as at the Latest Practicable Date, except for (i) Ample Capital Limited’s participation as the sponsor and its affiliated company Ample Orient Capital Limited as one of the joint lead managers in relation to the Listing; and (ii) the compliance adviser agreement entered into between the Company and Ample Capital Limited dated 9 April 2014, neither Ample Capital Limited or its directors, employees or close associates (as defined in the GEM Listing Rules) had any interest in relation to the Group.

COMPETING INTERESTS

As at the Latest Practicable Date, none of the Directors, controlling shareholders and their respective close associates as defined under the GEM Listing Rules is interested in any business which competes or is likely to compete, directly or indirectly, with the business of the Group.

RESPONSIBILITY STATEMENT

This circular, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief the information contained in this circular is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this circular misleading.

Yours faithfully, For and on behalf of the Board Millennium Pacific Group Holdings Limited Tang Wai Ting, Samson Chairman

– 8 –

NOTICE OF THE EGM

Millennium Pacific Group Holdings Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 8147)

NOTICE OF EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN that an extraordinary general meeting of Millennium Pacific Group Holdings Limited (‘‘Company’’) will be held at Room 1604, 16/F, South Tower, Concordia Plaza, 1 Science Museum Road, Tsim Sha Tsui, Kowloon, Hong Kong on 7 January 2015 at 10:00 a.m. for the purpose of considering and, if thought fit, passing the following resolution of the Company:

ORDINARY RESOLUTION

‘‘THAT subject to and conditional upon the Listing Committee of The Stock Exchange of Hong Kong Limited granting the listing of, and permission to deal in, the Subdivided Shares (as hereinafter defined), each of the issued and unissued shares of HK$0.01 each in the share capital of the Company be and is hereby subdivided into ten (10) shares of HK$0.001 each (the ‘‘Subdivided Shares’’) with effect from the business day immediately following the date on which this resolution is passed (the ‘‘Share Subdivision’’) and that any Director be authorised for and on behalf of the Company to execute all such documents, instruments and agreements and to do all such acts or things deemed by the Director in his/her absolute discretion to be incidental to, ancillary to or in connection with the matters contemplated in, for completion of the Share Subdivision including but not limited to, to cancel any existing share certificates and to issue new share certificates in respect of the Subdivided Shares to holders of the existing shares of the Company pursuant to the Share Subdivision.’’

By order of the Board Millennium Pacific Group Holdings Limited Tang Wai Ting, Samson Chairman

Hong Kong, 17 December 2014

Registered office: Clifton House 75 Fort Street P.O. Box 1350 Grand Cayman KY1-1108 Cayman Islands

Headquarters in PRC: Principal place of business in B3 Yucan Industrial Park Hong Kong: Lanzhu West Road Room 3406A Export Processing Zone 34/F, China Resources Pingshan New District Building Shenzhen No. 26 Harbour Road Guangdong Province Wanchai PRC Hong Kong

– 9 –

NOTICE OF THE EGM

Notes:

• (1) A member entitled to attend and vote at the EGM is entitled to appoint one or more proxy to attend and vote on his/her/its behalf. A proxy need not be a member of the Company but must be present in person at the EGM to represent the member. If more than one proxy is so appointed, the appointment shall specify the number and class of shares in respect of which each such proxy is so appointed.

• (2) A form of proxy for use at the EGM is enclosed with the circular of the Company dated 17 December 2014. Whether or not you intend to attend the EGM in person, you are encouraged to complete and return the enclosed form of proxy in accordance with the instructions printed thereon. Completion and return of a form of proxy will not preclude a member from attending in person and voting at the EGM or any adjournment thereof, should he/she/it so wish.

• (3) In order to be valid, the form of proxy, together with a power of attorney or other authority, if any, under which it is signed, or a certified copy of such power or authority must be deposited at the Company’s Hong Kong branch share registrar, Tricor Investor Services Limited at Level 22, Hopewell Centre, 183 Queen’s Road East, Hong Kong, not less than 48 hours before the time appointed for holding the EGM or any adjournment thereof.

• (4) In the case of joint holders of shares, any one of such joint holders may vote at the EGM, either in person or by proxy, in respect of such share as if he/she/it was solely entitled thereto, but if more than one of such joint holders are present at the EGM personally or by proxy, that one of the said persons so present whose name stands first on the register of members of the Company in respect of such shares shall alone be entitled to vote in respect thereof.

– 10 –