Company: LHI
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001213900-25-014190
Chunk: 51

Company: Living Homeopathy International Ltd.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 51
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 meeting. However, these rights may be provided in a company’s articles of association. Our Amended and Restated Articles allows our shareholders holding not less than 10 percent of the right to vote to requisite a general meeting of our shareholders, in which case our directors are obliged to call such meeting. Advance notice of at least five days is required for the convening of any of our general meetings. A quorum required for a meeting of shareholders consists of one or more holders holding shares that represent not less than one-third of the outstanding shares in the Company entitled to vote at such general meeting of the Company.

Living Homeopathy may rely on dividends and other distributions on equity paid by its subsidiary to fund any cash and financing requirements it may have, and any limitation on the ability of Living Homeopath’s subsidiaries to make payments to it could have a material adverse effect on Living Homeopathy’s ability to conduct its business.

Living Homeopathy is a holding company incorporated in the Cayman Islands, and it may rely on dividends and other distributions on equity paid by its subsidiary for its cash and financing requirements, including the funds necessary to pay dividends and other cash distributions to Living Homeopathy’s shareholders and service any debt it may incur. If any of Living Homeopathy’s subsidiaries incurs debt on its own behalf in the future, the instruments governing the debt may restrict its ability to pay dividends or make other distributions to Living Homeopathy.

Under the current practice of the Inland
Revenue Department of Hong Kong, no tax is payable in Hong Kong in respect of dividends paid by us. See “Taxation —
Hong Kong Profits Taxation”on page 122 of this prospectus. Any limitation on the ability of Living Homeopathy Hong
Kong to pay dividends or make other distributions to Living Homeopathy could materially and adversely limit our ability to grow, make
investments or acquisitions that could be beneficial to Living Homeopathy’s business, pay dividends, or otherwise fund and conduct
its business.

Our directors are not subject to a term of office. You may be unable to remove a director of the Company.

A director of the Company is not subject to
a term of office and shall hold office until he or she is removed or resigned in accordance with our Amended and Restated Memorandum
and Articles of Association, unless such director is appointed on such express terms that he or she shall automatically retire from office
(unless he or she has sooner vacated office) at the next or a subsequent annual general meeting or upon any specified event or after