# EDGAR Filing Document

**Accession Number:** 0001995306
**File Stem:** 0001104659-26-073183
**Filing Date:** 2026-6
**Character Count:** 198642
**Document Hash:** 54ffd2904f509c0469724607e3bb0f53
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-073183.hdr.sgml**: 20260612

**ACCESSION NUMBER**: 0001104659-26-073183

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260612

**FILED AS OF DATE**: 20260612

**DATE AS OF CHANGE**: 20260612

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SUPER HI INTERNATIONAL HOLDING LTD.
- **CENTRAL INDEX KEY:** 0001995306
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING PLACES [5812]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42101
- **FILM NUMBER:** 261084904

**BUSINESS ADDRESS:**
- **STREET 1:** 1 PAYA LEBAR LINK #09-04 PLQ
- **CITY:** PAYA LEBAR
- **STATE:** U0
- **ZIP:** 408533
- **BUSINESS PHONE:** 86-186-6195-1778

**MAIL ADDRESS:**
- **STREET 1:** 1 PAYA LEBAR LINK #09-04 PLQ
- **CITY:** PAYA LEBAR
- **STATE:** U0
- **ZIP:** 408533

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Super Hi International Holding Ltd.
- **DATE OF NAME CHANGE:** 20230927

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER<br> PURSUANT TO RULE 13a-16 OR 15d-16 UNDER<br> THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of June 2026**

**Commission File Number: 001-42101**

**SUPER HI INTERNATIONAL HOLDING LTD.**

------

**1 Paya Lebar Link, #09-04**

**PLQ 1 Paya Lebar Quarter**

**Singapore 408533**

**+65 6378 1921** 

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ⌧ Form 40-F ◻

**Exhibit Index**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [Exhibit 99.1](tm2617810d2_ex99-1.htm) | [Fourth Amended and Restated Articles of Association](tm2617810d2_ex99-1.htm) |

---

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| SUPER HI INTERNATIONAL HOLDING LTD. | SUPER HI INTERNATIONAL HOLDING LTD. |
| By: | /s/ Ping Shu |
| Name: | Ping Shu |
| Title: | Director and Chairperson |

---

Date: June 12, 2026

## Exhibit 99.1

**Exhibit 99.1**

**The Companies Act (As Revised)**

**Exempted Company Limited by Shares**

**FOURTH AMENDED AND RESTATED ARTICLES OF ASSOCIATION**

**OF**

**SUPER HI INTERNATIONAL HOLDING LTD.**

**特海國際控股有限公司**

(Adopted by a special resolution passed at a general meeting held on <u>June 12,</u> 2026)

---

| | |
|:---|:---|
| **INDEX** | **INDEX** |
| SUBJECT | Article No. |
| Table A | 4 |
| Interpretation | 4 |
| Share Capital | 9 |
| Alteration of Capital | 9-10 |
| Share Rights | 11 |
| Variation of Rights | 11 |
| Shares | 12 |
| Share Certificates | 13-14 |
| Lien | 14 |
| Calls on Shares | 15-16 |
| Forfeiture of Shares | 16-17 |
| Register of Members | 18 |
| Record Dates | 18 |
| Transfer of Shares | 19-20 |
| Transmission of Shares | 21 |
| Untraceable Members | 21-22 |
| General Meetings | 22-23 |
| Notice of General Meetings | 23-24 |
| Proceedings at General Meetings | 24-25 |
| Voting | 26-28 |
| Proxies | 28-30 |
| Corporations Acting by Representatives | 30-31 |
| Written Resolutions of Members | 31 |
| Board of Directors | 31-32 |
| Retirement of Directors | 32 |
| Disqualification of Directors | 33 |
| Executive Directors | 33 |
| Alternate Directors | 34 |
| Directors' Fees and Expenses | 35 |
| Directors' Interests | 35-38 |
| General Powers of the Directors | 38-40 |
| Borrowing Powers | 40 |
| Proceedings of the Directors | 41-42 |
| Managers | 43 |
| Officers | 43-44 |
| Register of Directors and Officers | 44 |
| Minutes | 44 |
| Seal | 44-45 |
| Authentication of Documents | 45 |
| Destruction of Documents | 45-46 |
| Dividends and Other Payments | 46-50 |
| Reserves | 51 |
| Capitalisation | 51-52 |
| Subscription Rights Reserve | 52-54 |

---

---

| | |
|:---|:---|
| SUBJECT | Article No. |
| Accounting Records | 54-55 |
| Audit | 55-56 |
| Notices | 56-58 |
| Signatures | 58 |
| Winding Up | 58-59 |
| Indemnity | 59-60 |
| Financial Year | 60 |
| Amendment to Memorandum and Articles of Association and Name of Company | 60 |
| Information | 60 |
| Payment of Corporate Action Proceeds and Electronic Instructions | 61 |

---

**THE COMPANIES ACT (AS REVISED)**

**EXEMPTED COMPANY LIMITED BY SHARES**

**FOURTH AMENDED AND RESTATED ARTICLES OF ASSOCIATION**

**OF**

**SUPER HI INTERNATIONAL HOLDING LTD.**

**特海國際控股有限公司**

(Adopted by a special resolution passed at a general meeting held on <u>June 12, 2026</u>)

**TABLE A**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The regulations
 in Table A in the Schedule to the Companies Act (as defined in Article 2) do not apply to
 the Company.

**INTERPRETATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. (1) In these Articles,
 unless the context otherwise requires, the words standing in the first column of the following
 table shall bear the meaning set opposite them respectively in the second column.

---

| | |
|:---|:---|
| **WORD** | **MEANING** |
| "Act" | the Companies Act, Cap. 22 of the Cayman Islands and any amendments thereto or re-enactments thereof for the time being in force and includes every other law incorporated therewith or substituted therefor. |
| "address" | for the purposes of these Articles, "address" includes an electronic address unless the Act or the Listing Rules require a postal address. |
| "Articles" | these Articles in their present form or as supplemented or amended or substituted from time to time. |
| "Auditor" | the auditor of the Company for the time being and may include any individual or partnership. |
| "Board" or "Directors" | the board of directors of the Company or the directors present at a meeting of directors of the Company at which a quorum is present. |
| "capital" | the share capital of the Company from time to time. |
| "clear days" | in relation to the period of a notice that period excluding the day when the notice is given or deemed to be given and the day for which it is given or on which it is to take effect. |
| "clearing house" | a clearing house recognised by the laws of the jurisdiction in which the shares of the Company are listed or quoted on a stock exchange in such jurisdiction. |

---

---

| | |
|:---|:---|
| "close associate" | in relation to any Director, shall have the same meaning as defined in the Listing Rules as modified from time to time, except that for purposes of Article 100 where the transaction or arrangement to be approved by the Board is a connected transaction referred to in the Listing Rules, it shall have the same meaning as that ascribed to "associate" in the Listing Rules. |
| "Company" | SUPER HI INTERNATIONAL HOLDING LTD.特海國際控股有限公司 |
| "competent regulatory authority" | a competent regulatory authority in the territory where the shares of the Company are listed or quoted on a stock exchange in such territory. |
| "debenture" and "debenture holder" | include debenture stock and debenture stockholder respectively. |
| "Designated Stock Exchange" | a stock exchange in respect of which the shares of the Company are listed or quoted and where such stock exchange deems such listing or quotation to be the primary listing or quotation of the shares of the Company. |
| "head office" | such office of the Company as the Directors may from time to time determine to be the principal office of the Company. |
| "Listing Rules" | the rules and regulations of the Designated Stock Exchange, as amended from time to time. |
| "Member" | a duly registered holder from time to time of the shares in the capital of the Company. |
| "month" | a calendar month. |
| "Notice" or "notice" | written notice unless otherwise specifically stated and as further defined in these Articles and, where the context so requires, shall include any other document (including any "corporate communication" and "actionable corporate communication" within the meaning ascribed thereto under the Listing Rules) or communication to be served, issued, or given by the Company under these Articles or pursuant to applicable laws and regulations, including the Listing Rules and/or the rules of the competent regulatory authority. For the avoidance of doubt, Notice may be provided in physical or electronic form. |
| "Office" | the registered office of the Company for the time being. |
| "ordinary resolution" | a resolution shall be an ordinary resolution when it has been passed by a simple majority of votes cast by such Members as, being entitled so to do, vote in person or, in the case of any Member being a corporation, by its duly authorised representative or, where proxies are allowed, by proxy at a general meeting of which Notice has been duly given in accordance with Article 59. |

---

---

| | |
|:---|:---|
| "paid up" | paid up or credited as paid up. |
| "Register" | the principal register and where applicable, any branch register of Members to be maintained at such place within or outside the Cayman Islands as the Board shall determine from time to time. |
| "Registration Office" | in respect of any class of share capital such place as the Board may from time to time determine to keep a branch register of Members in respect of that class of share capital and where (except in cases where the Board otherwise directs) the transfers or other documents of title for such class of share capital are to be lodged for registration and are to be registered. |
| "Seal" | common seal or any one or more duplicate seals of the Company (including a securities seal) for use in the Cayman Islands or in any place outside the Cayman Islands. |
| "Secretary" | any person, firm or corporation appointed by the Board to perform any of the duties of secretary of the Company and includes any assistant, deputy, temporary or acting secretary. |
| "special resolution" | a resolution shall be a special resolution when it has been passed by a majority of not less than three-fourths of votes cast by such Members as, being entitled so to do, vote in person or, in the case of such Members as are corporations, by their respective duly authorised representative or, where proxies are allowed, by proxy at a general meeting of which Notice has been duly given in accordance with Article 59. |
|  | a special resolution shall be effective for any purpose for which an ordinary resolution is expressed to be required under any provision of these Articles or the Statutes. |
| "Statutes" | the Act and every other law of the Legislature of the Cayman Islands for the time being in force applying to or affecting the Company, its memorandum of association and/or these Articles. |
| "substantial shareholder" | a person who is entitled to exercise, or to control the exercise of, 10% or more (or such other percentage as may be prescribed by the Listing Rules from time to time) of the voting power at any general meeting of the Company. |
| "treasury shares" | shares repurchased and held by the Company in treasury as authorized by the Act which, for the purpose of these Articles, include shares repurchased by the Company and held or deposited in Central Clearing and Settlement System operated by the Hong Kong Securities Clearing Company Limited for sale on The Stock Exchange of Hong Kong Limited. |
| "year" | a calendar year. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) In these Articles,
 unless there be something within the subject or context inconsistent with such construction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) words
 importing the singular include the plural and vice versa;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) words
 importing a gender include both gender and the neuter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) words
 importing persons include companies, associations and bodies of persons whether corporate
 or not;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the words:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "may"
 shall be construed as permissive;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) "shall"
 or "will" shall be construed as imperative;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) expressions
 referring to writing shall, unless the contrary intention appears, be construed as including
 printing, lithography, photography and other modes of representing words or figures in a
 visible form, and including electronic writing or display (such as digital documents or electronic
 communications), provided that both the mode of service of the relevant document or notice
 and the Member's election comply with all applicable Statutes, rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) references
 to any law, ordinance, statute or statutory provision shall be interpreted as relating to
 any statutory modification or re-enactment thereof for the time being in force;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) save
 as aforesaid words and expressions defined in the Statutes shall bear the same meanings in
 these Articles if not inconsistent with the subject in the context;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) references
 to a document (including, but without limitation, a resolution in writing) being signed or
 executed include references to it being signed or executed under hand or under seal or by
 electronic signature or by any other method and references to a Notice or document include
 a Notice or document recorded or stored in any digital, electronic, electrical, magnetic
 or other retrievable form or medium and information in visible form whether having physical
 substance or not;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) references
 to the right of a Member to speak at a general meeting shall include the right to raise questions
 or make statements to the chairman of the meeting, verbally or in written form, by means
 of electronic facilities. Such a right shall be deemed to have been duly exercised if the
 questions or statements may be heard or seen by all or only some of the persons present at
 the meeting (or only by the chairman of the meeting) in which event the chairman of the meeting
 shall relay the questions raised or the statements made verbatim to all persons present at
 the meeting, either orally or in writing using electronic facilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) reference
 to a meeting: (a) shall, where the context is appropriate, include a meeting that has been
 postponed by the Board pursuant to Article 64, and (b) shall mean a meeting convened and
 held in any manner permitted by these Articles and any Member or Director attending and participating
 at a meeting by means of electronic facilities shall be deemed to be present at that meeting
 for all purposes of the Statutes and these Articles, and attend, participate, attending,
 participating, attendance and participation shall be construed accordingly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) where
 a Member is a corporation, any reference in these Articles to a Member shall, where the context
 requires, refer to a duly authorised representative of such Member; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) unless
 the context otherwise requires, any reference to "print", "printed",
 or "printed copy" and "printing" shall be deemed to include electronic
 versions or electronic copies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) any reference
 to the term "place" within these Articles shall be construed as applicable only
 in contexts where a physical location is required or relevant. Any reference to a "place"
 for the delivery, receipt, or payment of monies, whether by the Company or by Members, shall
 not preclude the use of electronic means for such delivery, receipt, or payment. For the
 avoidance of doubt, references to a "place" in the context of meetings shall
 include physical, electronic, or hybrid meeting formats, as permitted by applicable laws
 and regulations. Notices of meetings, adjournments, postponements, or any other references
 to a "place" shall be interpreted to include virtual platforms or electronic
 means of communication where applicable. Where the term "place" is out of context,
 unnecessary, or not applicable, such reference shall be disregarded without affecting the
 validity or interpretation of the relevant provision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) all voting
 rights referred to in these Articles shall exclude the voting rights attached to treasury
 shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Section
 8 and Section 19 of the Electronic Transactions Act of the Cayman Islands, as amended from
 time to time, shall not apply to these Articles to the extent it imposes obligations or requirements
 in addition to those set out in these Articles.

**SHARE CAPITAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. (1) The share capital of the Company at the
 date on which these Articles come into effect shall be divided into shares of a par value of United
 States dollars 0.000005 each.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Subject
 to the Act, the Company's Memorandum and Articles of Association and, where applicable,
 the Listing Rules, and/or the rules and regulations of any competent regulatory authority,
 the Company shall have the power to purchase or otherwise acquire its own shares and such
 power shall be exercisable by the Board in such manner, upon such terms and subject to such
 conditions as it in its absolute discretion thinks fit and any determination by the Board
 of the manner of purchase shall be deemed authorised by these Articles for purposes of the
 Act. The Company is hereby authorised to make payments in respect of the purchase of its
 shares out of capital or out of any other account or fund which can be authorised for this
 purpose in accordance with the Act. Subject to the Act, the Listing Rules and/or the rules
 of any competent regulatory authority, the Company is further authorised to hold any repurchased,
 redeemed or surrendered shares as treasury shares without the need for a separate resolution
 of the Board for each instance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Subject
 to compliance with the Listing Rules and the rules and regulations of any other competent
 regulatory authority, the Company may give financial assistance for the purpose of or in
 connection with a purchase made or to be made by any person of any shares in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The
 Board may accept the surrender for no consideration of any fully paid share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) No share
 shall be issued to bearer.

**ALTERATION OF CAPITAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The Company
 may from time to time by ordinary resolution in accordance with the Act alter the conditions
 of its Memorandum of Association to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increase
 its capital by such sum, to be divided into shares of such amounts, as the resolution shall
 prescribe;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) consolidate
 and divide all or any of its capital into shares of larger amount than its existing shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) divide
 its shares into several classes and without prejudice to any special rights previously conferred
 on the holders of existing shares attach thereto respectively any preferential, deferred,
 qualified or special rights, privileges, conditions or such restrictions which in the absence
 of any such determination by the Company in general meeting, as the Directors may determine
 provided always that where the Company issues shares which do not carry voting rights, the
 words "non-voting" shall appear in the designation of such shares and where the
 equity capital includes shares with different voting rights, the designation of each class
 of shares, other than those with the most favourable voting rights, must include the words
 "restricted voting" or "limited voting";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) sub-divide
 its shares, or any of them, into shares of smaller amount than is fixed by the Company's
 Memorandum of Association (subject, nevertheless, to the Act), and may by such resolution
 determine that, as between the holders of the shares resulting from such sub-division, one
 or more of the shares may have any such preferred, deferred or other rights or be subject
 to any such restrictions as compared with the other or others as the Company has power to
 attach to unissued or new shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) cancel
 any shares which, at the date of the passing of the resolution, have not been taken, or agreed
 to be taken, by any person, and diminish the amount of its capital by the amount of the shares
 so cancelled or, in the case of shares, without par value, diminish the number of shares
 into which its capital is divided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The Board may
 settle as it considers expedient any difficulty which arises in relation to any consolidation
 and division under the last preceding Article and in particular but without prejudice to
 the generality of the foregoing may issue certificates in respect of fractions of shares
 or arrange for the sale of the shares representing fractions and the distribution of the
 net proceeds of sale (after deduction of the expenses of such sale) in due proportion amongst
 the Members who would have been entitled to the fractions, and for this purpose the Board
 may authorise some person to transfer the shares representing fractions to their purchaser
 or resolve that such net proceeds be paid to the Company for the Company's benefit.
 Such purchaser will not be bound to see to the application of the purchase money nor will
 his title to the shares be affected by any irregularity or invalidity in the proceedings
 relating to the sale.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The Company
 may from time to time by special resolution, subject to any confirmation or consent required
 by the Act, reduce its share capital or any capital redemption reserve or other undistributable
 reserve in any manner permitted by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Except so far
 as otherwise provided by the conditions of issue, or by these Articles, any capital raised
 by the creation of new shares shall be treated as if it formed part of the original capital
 of the Company, and such shares shall be subject to the provisions contained in these Articles
 with reference to the payment of calls and instalments, transfer and transmission, forfeiture,
 lien, cancellation, surrender, voting and otherwise.

**SHARE RIGHTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Subject
 to the provisions of the Act and the Company's Memorandum and Articles of Association
 and to any special rights conferred on the holders of any shares or class of shares, any
 share in the Company (whether forming part of the present capital or not) may be issued with
 or have attached thereto such rights or restrictions whether in regard to dividend, voting,
 return of capital or otherwise as the Board may determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Subject to the
 provisions of the Act, the Listing Rules and the Memorandum and Articles of Association of
 the Company, and to any special rights conferred on the holders of any shares or attaching
 to any class of shares, shares may be issued on the terms that they may be, or at the option
 of the Company or the holder are, liable to be redeemed on such terms and in such manner,
 including out of capital, as the Board may deem fit.

**VARIATION OF RIGHTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Subject to
 the Act and without prejudice to Article 8, all or any of the special rights for the time
 being attached to the shares or any class of shares may, unless otherwise provided by the
 terms of issue of the shares of that class, from time to time (whether or not the Company
 is being wound up) be varied, modified or abrogated either with the consent in writing of
 the holders of not less than three-fourths in nominal value of the issued shares of that
 class or with the sanction of a special resolution passed at a separate general meeting of
 the holders of the shares of that class. To every such separate general meeting all the provisions
 of these Articles relating to general meetings of the Company shall, *mutatis mutandis*, apply, but so that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 necessary quorum (including at an adjourned meeting) shall be two persons (or in the case
 of a Member being a corporation, its duly authorised representative) holding or representing
 by proxy not less than one-third in nominal value of the issued shares of that class (excluding
 treasury shares); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) every
 holder of shares of the class shall be entitled to one vote for every such share held by
 him.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. The special
 rights conferred upon the holders of any shares or class of shares shall not, unless otherwise
 expressly provided in the rights attaching to or the terms of issue of such shares, be deemed
 to be varied, modified or abrogated by the creation or issue of further shares ranking *pari passu* therewith.

**SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. (1) Subject to
 the Act, these Articles, any direction that may be given by the Company in general meeting
 and, where applicable, the Listing Rules and without prejudice to any special rights or restrictions
 for the time being attached to any shares or any class of shares, the unissued shares of
 the Company (whether forming part of the original or any increased capital) shall be at the
 disposal of the Board, which may offer, allot, grant options over or otherwise dispose of
 them to such persons, at such times and for such consideration and upon such terms and conditions
 as the Board may in its absolute discretion determine but so that no shares shall be issued
 at a discount to their nominal value. Neither the Company nor the Board shall be obliged,
 when making or granting any allotment of, offer of, option over or disposal of shares, to
 make, or make available, any such allotment, offer, option or shares to Members or others
 with registered addresses in any particular territory or territories being a territory or
 territories where, in the absence of a registration statement or other special formalities,
 this would or might, in the opinion of the Board, be unlawful or impracticable. Members affected
 as a result of the foregoing sentence shall not be, or be deemed to be, a separate class
 of members for any purpose whatsoever.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The
 Board may issue warrants or convertible securities or securities of similar nature conferring
 the right upon the holders thereof to subscribe for any class of shares or securities in
 the capital of the Company on such terms as it may from time to time determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. The Company
 may in connection with the issue of any shares exercise all powers of paying commission and
 brokerage conferred or permitted by the Act. Subject to the Act, the commission may be satisfied
 by the payment of cash or by the allotment of fully or partly paid shares or partly in one
 and partly in the other.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Except as required
 by law, no person shall be recognised by the Company as holding any share upon any trust
 and the Company shall not be bound by or required in any way to recognise (even when having
 notice thereof) any equitable, contingent, future or partial interest in any share or any
 fractional part of a share or (except only as otherwise provided by these Articles or by
 law) any other rights in respect of any share except an absolute right to the entirety thereof
 in the registered holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. Subject to
 the Act and these Articles, the Board may at any time after the allotment of shares but before
 any person has been entered in the Register as the holder, recognise a renunciation thereof
 by the allottee in favour of some other person and may accord to any allottee of a share
 a right to effect such renunciation upon and subject to such terms and conditions as the
 Board considers fit to impose.

**SHARE CERTIFICATES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. Every share
 certificate shall be issued under the Seal or a facsimile thereof or with the Seal printed
 thereon and shall specify the number and class and distinguishing numbers (if any) of the
 shares to which it relates, and the amount paid up thereon and may otherwise be in such form
 as the Directors may from time to time determine. The seal of the Company may only be affixed
 or imprinted to a share certificate with the authority of the Directors, or be executed under
 the signature of appropriate officials with statutory authority, unless otherwise determined
 by the Directors. No certificate shall be issued representing shares of more than one class.
 The Board may by resolution determine, either generally or in any particular case or cases,
 that any signatures on any such certificates (or certificates in respect of other securities)
 need not be autographic but may be affixed to such certificates by some mechanical means
 or may be printed thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. (1) In the case
 of a share held jointly by several persons, the Company shall not be bound to issue more
 than one certificate therefor and delivery of a certificate to one of several joint holders
 shall be sufficient delivery to all such holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Where
 a share stands in the names of two or more persons, the person first named in the Register
 shall as regards service of notices and, subject to the provisions of these Articles, all
 or any other matters connected with the Company, except the transfer of the shares, be deemed
 the sole holder thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. Every person
 whose name is entered, upon an allotment of shares, as a Member in the Register shall be
 entitled, without payment, to receive one certificate for all such shares of any one class
 or several certificates each for one or more of such shares of such class upon payment for
 every certificate after the first of such reasonable out-of-pocket expenses as the Board
 from time to time determines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. Share certificates
 shall be issued within the relevant time limit as prescribed by the Act or as the Designated
 Stock Exchange may from time to time determine, whichever is the shorter, after allotment
 or, except in the case of a transfer which the Company is for the time being entitled to
 refuse to register and does not register, after lodgment of a transfer with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. (1) Upon every
 transfer of shares the certificate held by the transferor shall be given up to be cancelled,
 and shall forthwith be cancelled accordingly, and a new certificate shall be issued to the
 transferee in respect of the shares transferred to him at such fee as is provided in paragraph
 (2) of this Article. If any of the shares included in the certificate so given up shall be
 retained by the transferor a new certificate for the balance shall be issued to him at the
 aforesaid fee payable by the transferor to the Company in respect thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The
 fee referred to in paragraph (1) above shall be an amount not exceeding the relevant maximum
 amount as the Designated Stock Exchange may from time to time determine provided that the
 Board may at any time determine a lower amount for such fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. If a share
 certificate shall be damaged or defaced or alleged to have been lost, stolen or destroyed
 a new certificate representing the same shares may be issued to the relevant Member upon
 request and on payment of such fee as the Designated Stock Exchange may determine to be the
 maximum fee payable or such lesser sum as the Board may determine and, subject to compliance
 with such terms (if any) as to evidence and indemnity and to payment of the costs and reasonable
 out-of-pocket expenses of the Company in investigating such evidence and preparing such indemnity
 as the Board may think fit and, in case of damage or defacement, on delivery of the old certificate
 to the Company provided always that where share warrants have been issued, no new share warrant
 shall be issued to replace one that has been lost unless the Directors are satisfied beyond
 reasonable doubt that the original has been destroyed.

**LIEN**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. The Company
 shall have a first and paramount lien on every share (not being a fully paid share) for all
 moneys (whether presently payable or not) called or payable at a fixed time in respect of
 that share. The Company shall also have a first and paramount lien on every share (not being
 a fully paid share) registered in the name of a Member (whether or not jointly with other
 Members) for all amounts of money presently payable by such Member or his estate to the Company
 whether the same shall have been incurred before or after notice to the Company of any equitable
 or other interest of any person other than such member, and whether the period for the payment
 or discharge of the same shall have actually arrived or not, and notwithstanding that the
 same are joint debts or liabilities of such Member or his estate and any other person, whether
 a Member or not. The Company's lien on a share shall extend to all dividends or other
 moneys payable thereon or in respect thereof. The Board may at any time, generally or in
 any particular case, waive any lien that has arisen or declare any share exempt in whole
 or in part, from the provisions of this Article.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. Subject to
 these Articles, the Company may sell in such manner as the Board determines any share on
 which the Company has a lien, but no sale shall be made unless some sum in respect of which
 the lien exists is presently payable, or the liability or engagement in respect of which
 such lien exists is liable to be presently fulfilled or discharged nor until the expiration
 of fourteen (14) clear days after a notice in writing, stating and demanding payment of the
 sum presently payable, or specifying the liability or engagement and demanding fulfilment
 or discharge thereof and giving notice of the intention to sell in default, has been served
 on the registered holder for the time being of the share or the person entitled thereto by
 reason of his death or bankruptcy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. The net proceeds
 of the sale shall be received by the Company and applied in or towards payment or discharge
 of the debt or liability in respect of which the lien exists, so far as the same is presently
 payable, and any residue shall (subject to a like lien for debts or liabilities not presently
 payable as existed upon the share prior to the sale) be paid to the person entitled to the
 share at the time of the sale. To give effect to any such sale the Board may authorise some
 person to transfer the shares sold to the purchaser thereof. The purchaser shall be registered
 as the holder of the shares so transferred and he shall not be bound to see to the application
 of the purchase money, nor shall his title to the shares be affected by any irregularity
 or invalidity in the proceedings relating to the sale.

**CALLS ON SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. Subject to
 these Articles and to the terms of allotment, the Board may from time to time make calls
 upon the Members in respect of any moneys unpaid on their shares (whether on account of the
 nominal value of the shares or by way of premium), and each Member shall (subject to being
 given at least fourteen (14) clear days' Notice specifying the time and place of payment)
 pay to the Company as required by such notice the amount called on his shares. A call may
 be extended, postponed or revoked in whole or in part as the Board determines but no Member
 shall be entitled to any such extension, postponement or revocation except as a matter of
 grace and favour.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. A call shall
 be deemed to have been made at the time when the resolution of the Board authorising the
 call was passed and may be made payable either in one lump sum or by instalments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. A person upon
 whom a call is made shall remain liable for calls made upon him notwithstanding the subsequent
 transfer of the shares in respect of which the call was made. The joint holders of a share
 shall be jointly and severally liable to pay all calls and instalments due in respect thereof
 or other moneys due in respect thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. If a sum called
 in respect of a share is not paid before or on the day appointed for payment thereof, the
 person from whom the sum is due shall pay interest on the amount unpaid from the day appointed
 for payment thereof to the time of actual payment at such rate (not exceeding twenty per
 cent. (20%) per annum) as the Board may determine, but the Board may in its absolute discretion
 waive payment of such interest wholly or in part.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29. No Member shall
 be entitled to receive any dividend or bonus or to be present and vote (save as proxy for
 another Member) at any general meeting either personally or by proxy, or be reckoned in a
 quorum, or exercise any other privilege as a Member until all calls or instalments due by
 him to the Company, whether alone or jointly with any other person, together with interest
 and expenses (if any) shall have been paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30. On the trial
 or hearing of any action or other proceedings for the recovery of any money due for any call,
 it shall be sufficient to prove that the name of the Member sued is entered in the Register
 as the holder, or one of the holders, of the shares in respect of which such debt accrued,
 that the resolution making the call is duly recorded in the minute book, and that notice
 of such call was duly given to the Member sued, in pursuance of these Articles; and it shall
 not be necessary to prove the appointment of the Directors who made such call, nor any other
 matters whatsoever, but the proof of the matters aforesaid shall be conclusive evidence of
 the debt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31. Any amount
 payable in respect of a share upon allotment or at any fixed date, whether in respect of
 nominal value or premium or as an instalment of a call, shall be deemed to be a call duly
 made and payable on the date fixed for payment and if it is not paid the provisions of these
 Articles shall apply as if that amount had become due and payable by virtue of a call duly
 made and notified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32. On the issue
 of shares the Board may differentiate between the allottees or holders as to the amount of
 calls to be paid and the times of payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33. The Board may,
 if it thinks fit, receive from any Member willing to advance the same, and either in money
 or money's worth, all or any part of the moneys uncalled and unpaid or instalments
 payable upon any shares held by him and upon all or any of the moneys so advanced (until
 the same would, but for such advance, become presently payable) pay interest at such rate
 (if any) as the Board may decide. The Board may at any time repay the amount so advanced
 upon giving to such Member not less than one (1) month's Notice of its intention in
 that behalf, unless before the expiration of such notice the amount so advanced shall have
 been called up on the shares in respect of which it was advanced. Such payment in advance
 shall not entitle the holder of such share or shares to participate in respect thereof in
 a dividend subsequently declared.

**FORFEITURE OF SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34. (1) If a call remains
 unpaid after it has become due and payable the Board may give to the person from whom it
 is due not less than fourteen (14) clear days' Notice:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) requiring
 payment of the amount unpaid together with any interest which may have accrued and which
 may still accrue up to the date of actual payment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) stating
 that if the Notice is not complied with the shares on which the call was made will be liable
 to be forfeited.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If the
 requirements of any such Notice are not complied with, any share in respect of which such
 Notice has been given may at any time thereafter, before payment of all calls and interest
 due in respect thereof has been made, be forfeited by a resolution of the Board to that effect,
 and such forfeiture shall include all dividends and bonuses declared in respect of the forfeited
 share but not actually paid before the forfeiture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35. When any share
 has been forfeited, notice of the forfeiture shall be served upon the person who was before
 forfeiture the holder of the share. No forfeiture shall be invalidated by any omission or
 neglect to give such Notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36. The Board may
 accept the surrender of any share liable to be forfeited hereunder and, in such case, references
 in these Articles to forfeiture will include surrender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37. Any share so
 forfeited shall be deemed the property of the Company and may be sold, re-allotted or otherwise
 disposed of to such person, upon such terms and in such manner as the Board determines, and
 at any time before a sale, re-allotment or disposition the forfeiture may be annulled by
 the Board on such terms as the Board determines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38. A person whose
 shares have been forfeited shall cease to be a Member in respect of the forfeited shares
 but nevertheless shall remain liable to pay the Company all moneys which at the date of forfeiture
 were presently payable by him to the Company in respect of the shares, with (if the Directors
 shall in their discretion so require) interest thereon from the date of forfeiture until
 payment at such rate (not exceeding twenty per cent. (20%) per annum) as the Board determines.
 The Board may enforce payment thereof if it thinks fit, and without any deduction or allowance
 for the value of the forfeited shares, at the date of forfeiture, but his liability shall
 cease if and when the Company shall have received payment in full of all such moneys in respect
 of the shares. For the purposes of this Article any sum which, by the terms of issue of a
 share, is payable thereon at a fixed time which is subsequent to the date of forfeiture,
 whether on account of the nominal value of the share or by way of premium, shall notwithstanding
 that time has not yet arrived be deemed to be payable at the date of forfeiture, and the
 same shall become due and payable immediately upon the forfeiture, but interest thereon shall
 only be payable in respect of any period between the said fixed time and the date of actual
 payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39. A declaration
 by a Director or the Secretary that a share has been forfeited on a specified date shall
 be conclusive evidence of the facts therein stated as against all persons claiming to be
 entitled to the share, and such declaration shall (subject to the execution of an instrument
 of transfer by the Company if necessary) constitute a good title to the share, and the person
 to whom the share is disposed of shall be registered as the holder of the share and shall
 not be bound to see to the application of the consideration (if any), nor shall his title
 to the share be affected by any irregularity in or invalidity of the proceedings in reference
 to the forfeiture, sale or disposal of the share. When any share shall have been forfeited,
 notice of the declaration shall be given to the Member in whose name it stood immediately
 prior to the forfeiture, and an entry of the forfeiture, with the date thereof, shall forthwith
 be made in the register, but no forfeiture shall be in any manner invalidated by any omission
 or neglect to give such notice or make any such entry.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40. Notwithstanding
 any such forfeiture as aforesaid the Board may at any time, before any shares so forfeited
 shall have been sold, re-allotted or otherwise disposed of, permit the shares forfeited to
 be bought back upon the terms of payment of all calls and interest due upon and expenses
 incurred in respect of the share, and upon such further terms (if any) as it thinks fit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41. The forfeiture
 of a share shall not prejudice the right of the Company to any call already made or instalment
 payable thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42. The provisions
 of these Articles as to forfeiture shall apply in the case of non-payment of any sum which,
 by the terms of issue of a share, becomes payable at a fixed time, whether on account of
 the nominal value of the share or by way of premium, as if the same had been payable by virtue
 of a call duly made and notified.

**REGISTER OF MEMBERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43. (1) The Company shall keep in one or more
 books a Register of its Members and shall enter therein the following particulars, that is to say:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the name
 and address of each Member, the number and class of shares held by him and the amount paid
 or agreed to be considered as paid on such shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the date
 on which each person was entered in the Register; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the date
 on which any person ceased to be a Member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The
 Company may keep an overseas or local or other branch register of Members resident in any
 place, and the Board may make and vary such regulations as it determines in respect of the
 keeping of any such register and maintaining a Registration Office in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44. The Register
 and branch register of Members maintained in Hong Kong, as the case may be, shall be open
 to inspection for at least two (2) hours during business hours by Members without charge
 or by any other person, upon a maximum payment of Hong Kong dollars 2.50 or such lesser sum
 specified by the Board, at the Office or such other place at which the Register is kept in
 accordance with the Act or, if appropriate, upon a maximum payment of Hong Kong dollars 1.00
 or such lesser sum specified by the Board at the Registration Office. The Register including
 any overseas or local or other branch register of Members may, after notice has been given
 by advertisement in any newspapers in accordance with the requirements of any Designated
 Stock Exchange or by any electronic means in such manner as may be accepted by the Designated
 Stock Exchange to that effect, be closed at such times or for such periods not exceeding
 in the whole thirty (30) days in each year as the Board may determine and either generally
 or in respect of any class of shares. The period of thirty (30) days may be extended for
 a further period or periods not exceeding thirty (30) days in respect of any year if approved
 by the Members by ordinary resolution.

**RECORD DATES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45. Subject to
 the Listing Rules, notwithstanding any other provision of these Articles the Company or the
 Directors may fix any date as the record date for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) determining
 the Members entitled to receive any dividend, distribution, allotment or issue;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) determining
 the Members entitled to receive notice of and to vote at any general meeting of the Company.

**TRANSFER OF SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46. (1) Subject to these Articles, any Member may transfer all or any of his shares by an instrument of transfer
in the usual or common form or in a form prescribed by the Designated Stock Exchange or in any other form approved by the Board and may
be under hand or, if the transferor or transferee is a clearing house or its nominee(s), by hand or by machine imprinted signature or
by such other manner of execution as the Board may approve from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Notwithstanding
 the provisions of subparagraph (1) above, for so long as any shares are listed on the Designated
 Stock Exchange, titles to such listed shares may be evidenced and transferred in accordance
 with the laws applicable to and the Listing Rules that are or shall be applicable to such
 listed shares. The register of members of the Company in respect of its listed shares (whether
 the Register or a branch register) may be kept by recording the particulars required by Section
 40 of the Act in a form otherwise than legible if such recording otherwise complies with
 the laws applicable to and the Listing Rules that are or shall be applicable to such listed
 shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47. The instrument
 of transfer shall be executed by or on behalf of the transferor and the transferee provided
 that the Board may dispense with the execution of the instrument of transfer by the transferee
 in any case which it thinks fit in its discretion to do so. Without prejudice to the last
 preceding Article, the Board may also resolve, either generally or in any particular case,
 upon request by either the transferor or transferee, to accept mechanically executed transfers.
 The transferor shall be deemed to remain the holder of the share until the name of the transferee
 is entered in the Register in respect thereof. Nothing in these Articles shall preclude the
 Board from recognising a renunciation of the allotment or provisional allotment of any share
 by the allottee in favour of some other person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48. (1) The Board may, in its absolute discretion,
 and without giving any reason therefor, refuse to register a transfer of any share (not being a fully
 paid up share) to a person of whom it does not approve, or any share issued under any share incentive
 scheme for employees upon which a restriction on transfer imposed thereby still subsists, and it may
 also, without prejudice to the foregoing generality, refuse to register a transfer of any share to
 more than four (4) joint holders or a transfer of any share (not being a fully paid up share) on which
 the Company has a lien.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) No transfer
 shall be made to an infant or to a person of unsound mind or under other legal disability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The
 Board in so far as permitted by any applicable law may, in its absolute discretion, at any
 time and from time to time transfer any share upon the Register to any branch register or
 any share on any branch register to the Register or any other branch register. In the event
 of any such transfer, the shareholder requesting such transfer shall bear the cost of effecting
 the transfer unless the Board otherwise determines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Unless
 the Board otherwise agrees (which agreement may be on such terms and subject to such conditions
 as the Board in its absolute discretion may from time to time determine, and which agreement
 the Board shall, without giving any reason therefor, be entitled in its absolute discretion
 to give or withhold), no shares upon the Register shall be transferred to any branch register
 nor shall shares on any branch register be transferred to the Register or any other branch
 register and all transfers and other documents of title shall be lodged for registration,
 and registered, in the case of any shares on a branch register, at the relevant Registration
 Office, and, in the case of any shares on the Register, at the Office or such other place
 at which the Register is kept in accordance with the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49. Without limiting
 the generality of the last preceding Article, the Board may decline to recognise any instrument
 of transfer unless:–

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a
 fee of such maximum sum as the Designated Stock Exchange may determine to be payable or such
 lesser sum as the Board may from time to time require is paid to the Company in respect thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 instrument of transfer is in respect of only one class of share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 instrument of transfer is lodged at the Office or such other place at which the Register
 is kept in accordance with the Act or the Registration Office (as the case may be) accompanied
 by the relevant share certificate(s) and such other evidence as the Board may reasonably
 require to show the right of the transferor to make the transfer (and, if the instrument
 of transfer is executed by some other person on his behalf, the authority of that person
 so to do); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if applicable,
 the instrument of transfer is duly and properly stamped.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50. If the Board
 refuses to register a transfer of any share, it shall, within two (2) months after the date
 on which the transfer was lodged with the Company, send to each of the transferor and transferee
 notice of the refusal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51. The registration
 of transfers of shares or of any class of shares may, after notice has been given by announcement
 or by electronic communication or by advertisement in any newspapers or by any other means
 in accordance with the requirements of any Designated Stock Exchange to that effect be suspended
 at such times and for such periods (not exceeding in the whole thirty (30) days in any year)
 as the Board may determine. The period of thirty (30) days may be extended for a further
 period or periods not exceeding thirty (30) days in respect of any year if approved by the
 Members by ordinary resolution.

**TRANSMISSION OF SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52. If a Member
 dies, the survivor or survivors where the deceased was a joint holder, and his legal personal
 representatives where he was a sole or only surviving holder, will be the only persons recognised
 by the Company as having any title to his interest in the shares; but nothing in this Article
 will release the estate of a deceased Member (whether sole or joint) from any liability in
 respect of any share which had been solely or jointly held by him.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53. Any person
 becoming entitled to a share in consequence of the death or bankruptcy or winding-up of a
 Member may, upon such evidence as to his title being produced as may be required by the Board,
 elect either to become the holder of the share or to have some person nominated by him registered
 as the transferee thereof. If he elects to become the holder he shall notify the Company
 in writing either at the Registration Office or Office, as the case may be, to that effect.
 If he elects to have another person registered he shall execute a transfer of the share in
 favour of that person. The provisions of these Articles relating to the transfer and registration
 of transfers of shares shall apply to such notice or transfer as aforesaid as if the death
 or bankruptcy of the Member had not occurred and the notice or transfer were a transfer signed
 by such Member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54. A person becoming
 entitled to a share by reason of the death or bankruptcy or winding-up of a Member shall
 be entitled to the same dividends and other advantages to which he would be entitled if he
 were the registered holder of the share. However, the Board may, if it thinks fit, withhold
 the payment of any dividend payable or other advantages in respect of such share until such
 person shall become the registered holder of the share or shall have effectually transferred
 such share, but, subject to the requirements of Article 72(2) being met, such a person may
 vote at meetings.

**UNTRACEABLE MEMBERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55. (1) Without prejudice
 to the rights of the Company under paragraph (2) of this Article, the Company may cease sending
 cheques for dividend entitlements or dividend warrants by post if such cheques or warrants
 have been left uncashed on two consecutive occasions. However, the Company may exercise the
 power to cease sending cheques for dividend entitlements or dividend warrants after the first
 occasion on which such a cheque or warrant is returned undelivered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The
 Company shall have the power to sell, in such manner as the Board thinks fit, any shares
 of a Member who is untraceable, but no such sale shall be made unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all cheques
 or warrants in respect of dividends of the shares in question, being not less than three
 in total number, for any sum payable in cash to the holder of such shares in respect of them
 sent during the relevant period in the manner authorised by the Articles have remained uncashed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) so far
 as it is aware at the end of the relevant period, the Company has not at any time during
 the relevant period received any indication of the existence of the Member who is the holder
 of such shares or of a person entitled to such shares by death, bankruptcy or operation of
 law; and

---

| | |
|:---|:---|
| (c) | the Company, if so required by the Listing Rules, has given notice to, and caused advertisement in newspapers in accordance with the requirements of, the Designated Stock Exchange to be made of its intention to sell such shares in the manner required by the Designated Stock Exchange, and a period of three (3) months or such shorter period as may be allowed by the Designated Stock Exchange has elapsed since the date of such advertisement. |
|  | For the purpose of the foregoing, the "relevant period" means the period commencing twelve (12) years before the date of publication of the advertisement referred to in paragraph (c) of this Article and ending at the expiry of the period referred to in that paragraph. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To give
 effect to any such sale the Board may authorise some person to transfer the said shares and
 an instrument of transfer signed or otherwise executed by or on behalf of such person shall
 be as effective as if it had been executed by the registered holder or the person entitled
 by transmission to such shares, and the purchaser shall not be bound to see to the application
 of the purchase money nor shall his title to the shares be affected by any irregularity or
 invalidity in the proceedings relating to the sale. The net proceeds of the sale will belong
 to the Company and upon receipt by the Company of such net proceeds it shall become indebted
 to the former Member for an amount equal to such net proceeds. No trust shall be created
 in respect of such debt and no interest shall be payable in respect of it and the Company
 shall not be required to account for any money earned from the net proceeds which may be
 employed in the business of the Company or as it thinks fit. Any sale under this Article
 shall be valid and effective notwithstanding that the Member holding the shares sold is dead,
 bankrupt or otherwise under any legal disability or incapacity.

**GENERAL MEETINGS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56. An annual general meeting of the Company
 shall be held for each financial year and such annual general meeting must be held within
 six (6) months after the end of the Company's financial year (unless a longer period
 would not infringe the Listing Rules, if any) at such time and place as may be determined
 by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57. Each general
 meeting, other than an annual general meeting, shall be called an extraordinary general meeting.
 General meetings may be held in any part of the world as may be determined by the Board.
 Notwithstanding any provisions in these Articles, any general meeting or any class meeting
 may be held physically, as a hybrid meeting (partially physical and partially electronic)
 or wholly by electronic means using such telephone, electronic or other communication facilities
 as to permit all persons participating in the meeting to communicate with each other, and
 participation in such a meeting shall constitute presence at such meeting. Unless otherwise
 determined by the Directors, the manner of convening and the proceedings at a general meeting
 set out in these Articles shall apply, *mutatis mutandis*, to hybrid or wholly electronic
 meetings. In the event of any technical difficulties, disruptions, or procedural issues arising
 during a hybrid or electronic meeting, including but not limited to connectivity problems,
 platform malfunctions, or disputes regarding the conduct of the meeting, the chairman of
 the meeting shall have the authority to make any rulings or decisions necessary to address
 such issues. Any ruling, determination, or decision made by the chairman of the meeting under
 the scope of this provision shall be final, conclusive, and binding on the Company and all
 Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58. The Board
 may whenever it thinks fit call extraordinary general meetings. Any one or more Member(s)
 holding at the date of deposit of the requisition not less than one-tenth of the paid up
 capital of the Company (excluding treasury shares) carrying the right of voting at general
 meetings of the Company, on a one vote per share basis, shall at all times have the right,
 by written requisition to the Board or the Secretary of the Company, to require an extraordinary
 general meeting to be called by the Board for the transaction of any business or resolution
 specified in such requisition; and such meeting shall be held within two (2) months after
 the deposit of such requisition. If within twenty-one (21) days of such deposit the Board
 fails to proceed to convene such meeting the requisitionist(s) himself (themselves) may do
 so in the same manner, and all reasonable expenses incurred by the requisitionist(s) as a
 result of the failure of the Board shall be reimbursed to the requisitionist(s) by the Company.

**NOTICE OF GENERAL MEETINGS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59. (1) An annual
 general meeting must be called by Notice of not less than twenty-one (21) clear days. All
 other general meetings (including an extraordinary general meeting) must be called by Notice
 of not less than fourteen (14) clear days but if permitted by the Listing Rules, a general
 meeting may be called by shorter notice, if it is so agreed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in the
 case of a meeting called as an annual general meeting, by all the Members entitled to attend
 and vote thereat; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the
 case of any other meeting, by a majority in number of the Members having the right to attend
 and vote at the meeting, being a majority together representing not less than ninety-five
 per cent. (95%) of the total voting rights at the meeting of all the Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The
 notice shall specify the time of the meeting, the physical location (if applicable), and
 in the case of a hybrid or electronic meeting, the electronic platform or means by which
 Members may attend and participate. It shall also include particulars of resolutions to be
 considered at the meeting and, in case of special business, the general nature of the business.
 The notice convening an annual general meeting shall specify the meeting as such. Notice
 of every general meeting shall be given to all Members other than to such Members as, under
 the provisions of these Articles or the terms of issue of the shares they hold, are not entitled
 to receive such notices from the Company, to all persons entitled to a share in consequence
 of the death or bankruptcy or winding-up of a Member and to each of the Directors and the
 Auditors. For hybrid or electronic meetings, the Notice shall either include instructions
 for accessing and participating in the meeting or specify where or how such instructions
 will be provided to the Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60. The accidental
 omission to give Notice of a meeting or (in cases where instruments of proxy are sent out
 with the Notice) to send such instrument of proxy to, or the non-receipt of such Notice or
 such instrument of proxy by, any person entitled to receive such Notice shall not invalidate
 any resolution passed or the proceedings at that meeting.

**PROCEEDINGS AT GENERAL MEETINGS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61. (1) All
 business shall be deemed special that is transacted at an extraordinary general meeting,
 and also all business that is transacted at an annual general meeting, with the exception
 of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the declaration
 and sanctioning of dividends;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) consideration
 and adoption of the accounts and balance sheet and the reports of the Directors and Auditors
 and other documents required to be annexed to the balance sheet;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the election
 of Directors whether by rotation or otherwise in the place of those retiring;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) appointment
 of Auditors (where special notice of the intention for such appointment is not required by
 the Act) and other officers; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the fixing
 of the remuneration of the Auditors, and the voting of remuneration or extra remuneration
 to the Directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) No business
 other than the appointment of a chairman of a meeting shall be transacted at any general
 meeting unless a quorum is present at the commencement of the business. Two (2) Members entitled
 to vote and present in person (in the case of a Member being a corporation) by its duly authorised
 representative or by proxy or, for quorum purposes only, two persons appointed by the clearing
 house as authorised representative or proxy shall form a quorum for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62. If within thirty
 (30) minutes (or such longer time not exceeding one hour as the chairman of the meeting may
 determine to wait) after the time appointed for the meeting a quorum is not present, the
 meeting, if convened on the requisition of Members, shall be dissolved. In any other case
 it shall stand adjourned to the same day in the next week at the same time and place or to
 such time and place as the Board may determine. If at such adjourned meeting a quorum is
 not present within half an hour from the time appointed for holding the meeting, the meeting
 shall be dissolved.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63. The chairman
 of the Company or if there is more than one chairman, any one of them as may be agreed amongst
 themselves or failing such agreement, any one of them elected by all the Directors present
 shall preside as chairman at a general meeting. If at any meeting no chairman, is present
 within fifteen (15) minutes after the time appointed for holding the meeting, or is willing
 to act as chairman, the deputy chairman of the Company or if there is more than one deputy
 chairman, any one of them as may be agreed amongst themselves or failing such agreement,
 any one of them elected by all the Directors present shall preside as chairman. If no chairman
 or deputy chairman is present or is willing to act as chairman of the meeting, the Directors
 present shall choose one of their number to act, or if one Director only is present he shall
 preside as chairman if willing to act. If no Director is present, or if each of the Directors
 present declines to take the chair, or if the chairman chosen shall retire from the chair,
 the Members present in person or (in the case of a Member being a corporation) by its duly
 authorised representative or by proxy and entitled to vote shall elect one of their number
 to be chairman of the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64. Prior to the
 holding of a general meeting, the Board may postpone, and at a general meeting, the chairman
 may (without the consent of the meeting) or shall at the direction of the meeting, adjourn
 the meeting from time to time (or indefinitely) and from place to place, but no business
 shall be transacted at any adjourned or postponed meeting other than the business which might
 lawfully have been transacted at the meeting had the adjournment or the postponement not
 taken place. Notice of a postponement must be given to all Members by any means as the Board
 may determine. When a meeting is adjourned for fourteen (14) days or more, at least seven
 (7) clear days' notice of the adjourned meeting shall be given specifying the time
 and place of the adjourned meeting but it shall not be necessary to specify in such notice
 the nature of the business to be transacted at the adjourned meeting and the general nature
 of the business to be transacted. Save as aforesaid, it shall be unnecessary to give notice
 of an adjournment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65. If an amendment
 is proposed to any resolution under consideration but is in good faith ruled out of order
 by the chairman of the meeting, the proceedings on the substantive resolution shall not be
 invalidated by any error in such ruling. In the case of a resolution duly proposed as a special
 resolution, no amendment thereto (other than a mere clerical amendment to correct a patent
 error) may in any event be considered or voted upon.

**VOTING**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66. (1) Subject to
 any special rights or restrictions as to voting for the time being attached to any shares
 by or in accordance with these Articles, at any general meeting on a poll every Member present
 in person or by proxy or, in the case of a Member being a corporation, by its duly authorised
 representative shall have one vote for every fully paid share of which he is the holder but
 so that no amount paid up or credited as paid up on a share in advance of calls or instalments
 is treated for the foregoing purposes as paid up on the share. A resolution put to the vote
 of a meeting shall be decided by way of a poll save that the chairman of the meeting may
 in good faith, allow a resolution which relates purely to a procedural or administrative
 matter to be voted on by a show of hands in which case every Member present in person (or
 being a corporation, is present by a duly authorised representative), or by proxy(ies) shall
 have one vote provided that where more than one proxy is appointed by a Member which is a
 clearing house (or its nominee(s)), each such proxy shall have one vote on a show of hands.
 For purposes of this Article, procedural and administrative matters are those that (i) are
 not on the agenda of the general meeting or in any supplementary circular that may be issued
 by the Company to its Members; and (ii) relate to the chairman's duties to maintain
 the orderly conduct of the meeting and/or allow the business of the meeting to be properly
 and effectively dealt with, whilst allowing all Members a reasonable opportunity to express
 their views. Votes (whether on a show of hands or by way of poll) may be cast by such means,
 electronic or otherwise, as the Directors or the chairman of the meeting may determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Where
 a show of hands is allowed, before or on the declaration of the result of the show of hands,
 a poll may be demanded:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by at
 least three Members present in person or in the case of a Member being a corporation by its
 duly authorised representative or by proxy for the time being entitled to vote at the meeting;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by a Member
 or Members present in person or in the case of a Member being a corporation by its duly authorised
 representative or by proxy and representing not less than one-tenth of the total voting rights
 of all Members having the right to vote at the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) by a Member
 or Members present in person or in the case of a Member being a corporation by its duly authorised
 representative or by proxy and holding shares in the Company conferring a right to vote at
 the meeting being shares on which an aggregate sum has been paid up equal to not less than
 one-tenth of the total sum paid up on all shares conferring that right.

A demand by a person as proxy for a Member or in the case of a Member being a corporation by its duly authorised representative shall be deemed to be the same as a demand by the Member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67. Where a resolution
 is voted on by a show of hands, a declaration by the chairman that a resolution has been
 carried, or carried unanimously, or by a particular majority, or not carried by a particular
 majority, or lost, and an entry to that effect made in the minute book of the Company, shall
 be conclusive evidence of the facts without proof of the number or proportion of the votes
 recorded for or against the resolution. The result of the poll shall be deemed to be the
 resolution of the meeting. The Company shall only be required to disclose the voting figures
 on a poll if such disclosure is required by the Listing Rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68. On a poll votes
 may be given either personally or by proxy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69. A person entitled
 to more than one vote on a poll need not use all his votes or cast all the votes he uses
 in the same way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70. All questions
 submitted to a meeting shall be decided by a simple majority of votes except where a greater
 majority is required by these Articles or by the Act. In the case of an equality of votes,
 the chairman of such meeting shall be entitled to a second or casting vote in addition to
 any other vote he may have.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71. Where there
 are joint holders of any share any one of such joint holders may vote, either in person or
 by proxy, in respect of such share as if he were solely entitled thereto, but if more than
 one of such joint holders be present at any meeting the vote of the senior holder who tenders
 a vote, whether in person or by proxy, shall be accepted to the exclusion of the votes of
 the other joint holders, and for this purpose seniority shall be determined by the order
 in which the names stand in the Register in respect of the joint holding. Several executors
 or administrators of a deceased Member in whose name any share stands shall for the purposes
 of this Article be deemed joint holders thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72. (1) A Member who
 is a patient for any purpose relating to mental health or in respect of whom an order has
 been made by any court having jurisdiction for the protection or management of the affairs
 of persons incapable of managing their own affairs may vote, by his receiver, committee, *curator bonis* or other person in the nature of a receiver, committee or *curator bonis* appointed by such court, and such receiver, committee, *curator bonis* or
 other person may vote by proxy, and may otherwise act and be treated as if he were the registered
 holder of such shares for the purposes of general meetings, provided that such evidence as
 the Board may require of the authority of the person claiming to vote shall have been deposited
 at the Office, head office or Registration Office, as appropriate, not less than forty-eight
 (48) hours before the time appointed for holding the meeting, or adjourned meeting, as the
 case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Any
 person entitled under Article 53 to be registered as the holder of any shares may vote at
 any general meeting in respect thereof in the same manner as if he were the registered holder
 of such shares, provided that forty-eight (48) hours at least before the time of the holding
 of the meeting or adjourned meeting, as the case may be, at which he proposes to vote, he
 shall satisfy the Board of his entitlement to such shares, or the Board shall have previously
 admitted his right to vote at such meeting in respect thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73. (1) No Member shall,
 unless the Board otherwise determines, be entitled to attend and vote and to be reckoned
 in a quorum at any general meeting unless he is duly registered and all calls or other sums
 presently payable by him in respect of shares in the Company have been paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) All
 Members shall have the right to (a) speak at a general meeting; and (b) vote at a general
 meeting except where a Member is required, by the Listing Rules, to abstain from voting to
 approve the matter under consideration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Where
 the Company has knowledge that any Member is, under the Listing Rules, required to abstain
 from voting on any particular resolution of the Company or restricted to voting only for
 or only against any particular resolution of the Company, any votes cast by or on behalf
 of such Member in contravention of such requirement or restriction shall not be counted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74. If:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 objection shall be raised to the qualification of any voter; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 votes have been counted which ought not to have been counted or which might have been rejected;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 votes are not counted which ought to have been counted;

the objection or error shall not vitiate the decision of the meeting or adjourned meeting on any resolution unless the same is raised or pointed out at the meeting or, as the case may be, the adjourned meeting at which the vote objected to is given or tendered or at which the error occurs. Any objection or error shall be referred to the chairman of the meeting and shall only vitiate the decision of the meeting on any resolution if the chairman decides that the same may have affected the decision of the meeting. The decision of the chairman on such matters shall be final and conclusive.

**PROXIES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75. Any Member
 entitled to attend and vote at a meeting of the Company shall be entitled to appoint another
 person as his proxy to attend and vote instead of him. A Member who is the holder of two
 or more shares may appoint more than one proxy to represent him and vote on his behalf at
 a general meeting of the Company or at a class meeting. A proxy need not be a Member. In
 addition, a proxy or proxies representing either a Member who is an individual or a Member
 which is a corporation shall be entitled to exercise the same powers on behalf of the Member
 which he or they represent as such Member could exercise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76. The instrument
 appointing a proxy shall be in such form, including electronic or otherwise, as the Board
 may determine and in the absence of such determination, shall be in writing, which may include
 electronic writing, and signed by the appointor or his attorney duly authorised in writing
 or, if the appointor is a corporation, either under its seal or signed by an officer, attorney
 or other person authorised to sign the same. In the case of an instrument of proxy purporting
 to be signed on behalf of a corporation by an officer thereof it shall be assumed, unless
 the contrary appears, that such officer was duly authorised to sign such instrument of proxy
 on behalf of the corporation without further evidence of the facts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77. (1) The Company
 may, at its absolute discretion, provide an electronic address for the receipt of any document
 or information relating to proxies for a general meeting (including any instrument of proxy
 or invitation to appoint a proxy, any document necessary to show the validity of, or otherwise
 relating to, an appointment of proxy (whether or not required under these Articles) and notice
 of termination of the authority of a proxy). If such an electronic address is provided, the
 Company shall be deemed to have agreed that any such document or information (relating to
 proxies as aforesaid) may be sent by electronic means to that address, subject as hereafter
 provided and subject to any other limitations or conditions specified by the Company when
 providing the address. Without limitation, the Company may from time to time determine that
 any such electronic address may be used generally for such matters or specifically for particular
 meetings or purposes and, if so, the Company may provide different electronic addresses for
 different purposes. The Company may also impose any conditions on the transmission of and
 its receipt of such electronic communications including, for the avoidance of doubt, imposing
 any security or encryption arrangements as may be specified by the Company. If any document
 or information required to be sent to the Company under this Article is sent to the Company
 by electronic means, such document or information is not treated as validly delivered to
 or deposited with the Company if the same is not received by the Company at its designated
 electronic address provided in accordance with this Article or if no electronic address is
 so designated by the Company for the receipt of such document or information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The
 instrument appointing a proxy and (if required by the Board) the power of attorney or other
 authority (if any) under which it is signed, or a certified copy of such power or authority,
 shall be delivered to such place or one of such places (if any) as may be specified for that
 purpose in or by way of note to or in any document accompanying the notice convening the
 meeting (or, if no place is so specified at the Registration Office or the Office, as may
 be appropriate), or if the Company has provided an electronic address in accordance with
 the preceding paragraph, shall be received at the electronic address specified, not less
 than forty-eight (48) hours before the time appointed for holding the meeting or adjourned
 meeting at which the person named in the instrument proposes to vote. No instrument appointing
 a proxy shall be valid after the expiration of twelve (12) months from the date named in
 it as the date of its execution, except at an adjourned meeting in cases where the meeting
 was originally held within twelve (12) months from such date. Delivery of an instrument appointing
 a proxy shall not preclude a Member from attending and voting at the meeting convened and
 in such event, the instrument appointing a proxy shall be deemed to be revoked.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78. Instruments of proxy shall be in any common form or in such other form as the Board may approve (provided
that this shall not preclude the use of the two-way form) and the Board may, if it thinks fit, send out with the notice of any meeting
forms of instrument of proxy for use at the meeting. The instrument of proxy shall be deemed to confer authority to vote on any amendment
of a resolution put to the meeting for which it is given as the proxy thinks fit. The instrument of proxy shall, unless the contrary is
stated therein, be valid as well for any adjournment of the meeting as for the meeting to which it relates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79. A vote given in accordance with the terms of an instrument of proxy shall be valid notwithstanding the
previous death or insanity of the principal, or revocation of the instrument of proxy or of the authority under which it was executed,
provided that no intimation in writing of such death, insanity or revocation shall have been received by the Company at the Office or
the Registration Office (or such other place as may be specified for the delivery of instruments of proxy in the notice convening the
meeting or other document sent therewith) two (2) hours at least before the commencement of the meeting or adjourned meeting, at which
the instrument of proxy is used.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80. Anything which under these Articles a Member may do by proxy he may likewise do by his duly appointed
attorney and the provisions of these Articles relating to proxies and instruments appointing proxies shall apply *mutatis mutandis* in relation to any such attorney and the instrument under which such attorney is appointed.

**CORPORATIONS ACTING BY REPRESENTATIVES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81. (1) Any corporation which is a Member may by resolution of its directors or other governing body authorise such person as it thinks fit to
act as its representative at any meeting of the Company or at any meeting of any class of Members. The person so authorised shall be
entitled to exercise the same powers on behalf of such corporation as the corporation could exercise if it were an individual Member
and such corporation shall for the purposes of these Articles be deemed to be present in person at any such meeting if a person so authorised
is present thereat.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If a clearing house (or its nominee(s)), being a corporation, is a Member, it may authorise such persons
as it thinks fit to act as its representatives at any meeting of the Company or at any meeting of any class of Members provided that,
if more than one person is so authorised, the authorisation shall specify the number and class of shares in respect of which each such
representative is so authorised. Each person so authorised under the provisions of this Article shall be deemed to have been duly authorised
without further evidence of the facts and be entitled to exercise the same rights and powers on behalf of the clearing house (or its nominee(s))
as if such person was the registered holder of the shares of the Company held by the clearing house (or its nominee(s)) including, the
right to speak and to vote, and where a show of hands is allowed, the right to vote individually on a show of hands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Any reference in these Articles to a duly authorised representative of a Member being a corporation shall
mean a representative authorised under the provisions of this Article.

**WRITTEN RESOLUTIONS OF MEMBERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82. A resolution in writing signed (in such manner as to indicate,
expressly or impliedly, unconditional approval) by or on behalf of all persons for the time being entitled to receive notice of and to
attend and vote at general meetings of the Company shall, for the purposes of these Articles, be treated as a resolution duly passed
at a general meeting of the Company and, where relevant, as a special resolution so passed. Any such resolution shall be deemed to have
been passed at a meeting held on the date on which it was signed by the last Member to sign, and where the resolution states a date as
being the date of his signature thereof by any Member the statement shall be prima facie evidence that it was signed by him on that date.
Such a resolution may consist of several documents in the like form, each signed by one or more relevant Members.

**BOARD OF DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83. (1) Unless otherwise determined by the Company in general meeting, the number of Directors shall not be less than two (2). There shall be
no maximum number of Directors unless otherwise determined from time to time by the Members in general meeting. The Directors shall be
elected or appointed in the first place by the subscribers to the Memorandum of Association or by a majority of them and thereafter in
accordance with Article 84 called for such purpose and who shall hold office for such term as the Members may determine or, in the absence
of such determination, in accordance with Article 84 or until their successors are elected or appointed or their office is otherwise
vacated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Subject to the Articles and the Act, the Company may by ordinary resolution elect any person to be a Director
either to fill a casual vacancy on the Board, or as an addition to the existing Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Directors shall have the power from time to time and at any time to appoint any person as a Director
either to fill a casual vacancy on the Board or as an addition to the existing Board. Any Director so appointed shall hold office only
until the first annual general meeting of the Company after his appointment and shall then be eligible for re-election.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Neither a Director nor an alternate Director shall be required to hold any shares of the Company by way
of qualification and a Director or alternate Director (as the case may be) who is not a Member shall be entitled to receive notice of
and to attend and speak at any general meeting of the Company and of all classes of shares of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) The Members may, at any general meeting convened and held in accordance with these Articles, by ordinary
resolution remove a Director (including a managing or other executive Director) at any time before the expiration of his term of office
notwithstanding anything to the contrary in these Articles or in any agreement between the Company and such Director (but without prejudice
to any claim for damages under any such agreement).

may be filled by the election or appointment by ordinary resolution of the Members at the meeting at which such Director is removed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) The Company may from time to time in general meeting by ordinary resolution increase or reduce the number
of Directors but so that the number of Directors shall never be less than two (2).

**RETIREMENT OF DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84. (1) Notwithstanding any other provisions in the Articles, at each annual general meeting one-third of the Directors for the time being (or,
if their number is not a multiple of three (3), the number nearest to but not less than one-third) shall retire from office by rotation
provided that every Director shall be subject to retirement at an annual general meeting at least once every three years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) A retiring Director shall be eligible for re-election and shall continue to act as
a Director throughout the meeting at which he retires. The Directors to retire by rotation shall include (so far as necessary to ascertain
the number of directors to retire by rotation) any Director who wishes to retire and not to offer himself for re-election. Any further
Directors so to retire shall be those of the other Directors subject to retirement by rotation who have been longest in office since their
last re-election or appointment and so that as between persons who became or were last re-elected Directors on the same day those to retire
shall (unless they otherwise agree among themselves) be determined by lot. Any Director appointed by the Board pursuant to Article 83(3)
shall not be taken into account in determining which particular Directors or the number of Directors who are to retire by rotation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85. No person other than a Director retiring at the meeting shall,
unless recommended by the Directors for election, be eligible for election as a Director at any general meeting unless a Notice signed
by a Member (other than the person to be proposed) duly qualified to attend and vote at the meeting for which such notice is given of
his intention to propose such person for election and also a Notice signed by the person to be proposed of his willingness to be elected
shall have been lodged at the head office or at the Registration Office provided that such Notices must be lodged with the Company at
least fourteen (14) days prior to the date of the general meeting of election but no earlier than the day after despatch of the Notice
of the general meeting appointed for such election.

**DISQUALIFICATION OF DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86. The office of a Director shall be vacated if the Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) resigns his office by notice in writing delivered to the Company at the Office or tendered at a meeting
of the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) becomes of unsound mind or dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) without special leave of absence from the Board, is absent from meetings of the Board for six consecutive
months, and his alternate Director, if any, shall not during such period have attended in his stead and the Board resolves that his office
be vacated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) becomes bankrupt or has a receiving order made against him or suspends payment or compounds with his creditors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) is prohibited by law from being a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) ceases to be a Director by virtue of any provision of the Statutes or is removed from office pursuant
to these Articles.

**EXECUTIVE DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87. The Board may from time to time appoint any one or more of its body to be a managing director, joint managing
director or deputy managing director or to hold any other employment or executive office with the Company for such period (subject to
their continuance as Directors) and upon such terms as the Board may determine and the Board may revoke or terminate any of such appointments.
Any such revocation or termination as aforesaid shall be without prejudice to any claim for damages that such Director may have against
the Company or the Company may have against such Director. A Director appointed to an office under this Article shall be subject to the
same provisions as to removal as the other Directors of the Company, and he shall (subject to the provisions of any contract between him
and the Company) ipso facto and immediately cease to hold such office if he shall cease to hold the office of Director for any cause.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88. Notwithstanding Articles 93, 94, 95 and 96, an executive director appointed to an office under Article
87 hereof shall receive such remuneration (whether by way of salary, commission, participation in profits or otherwise or by all or any
of those modes) and such other benefits (including pension and/or gratuity and/or other benefits on retirement) and allowances as the
Board may from time to time determine, and either in addition to or in lieu of his remuneration as a Director.

**ALTERNATE DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89. Any Director may at any time by Notice delivered to the Office or head office or at a meeting of the Directors
appoint any person (including another Director) to be his alternate Director. Any person so appointed shall have all the rights and powers
of the Director or Directors for whom such person is appointed in the alternative provided that such person shall not be counted more
than once in determining whether or not a quorum is present. An alternate Director may be removed at any time by the body which appointed
him and, subject thereto, the office of alternate Director shall continue until the happening of any event which, if he were a Director,
would cause him to vacate such office or if his appointer ceases for any reason to be a Director. Any appointment or removal of an alternate
Director shall be effected by Notice signed by the appointor and delivered to the Office or head office or tendered at a meeting of the
Board. An alternate Director may also be a Director in his own right and may act as alternate to more than one Director. An alternate
Director shall, if his appointor so requests, be entitled to receive notices of meetings of the Board or of committees of the Board to
the same extent as, but in lieu of, the Director appointing him and shall be entitled to such extent to attend and vote as a Director
at any such meeting at which the Director appointing him is not personally present and generally at such meeting to exercise and discharge
all the functions, powers and duties of his appointor as a Director and for the purposes of the proceedings at such meeting the provisions
of these Articles shall apply as if he were a Director save that as an alternate for more than one Director his voting rights shall be
cumulative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90. An alternate Director shall only be a Director for the purposes of the Act and shall only be subject to the provisions of the Act
insofar as they relate to the duties and obligations of a Director when performing the functions of the Director for whom he is appointed
in the alternative and shall alone be responsible to the Company for his acts and defaults and shall not be deemed to be the agent of
or for the Director appointing him. An alternate Director shall be entitled to contract and be interested in and benefit from contracts
or arrangements or transactions and to be repaid expenses and to be indemnified by the Company to the same extent *mutatis mutandis* as if he were a Director but he shall not be entitled to receive from the Company any fee in his capacity as an alternate Director except
only such part, if any, of the remuneration otherwise payable to his appointor as such appointor may by Notice to the Company from time
to time direct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91. Every person acting as an alternate Director shall have one vote for each Director for whom he acts as
alternate (in addition to his own vote if he is also a Director). If his appointor is for the time being absent from Hong Kong or otherwise
not available or unable to act, the signature of an alternate Director to any resolution in writing of the Board or a committee of the
Board of which his appointor is a member shall, unless the notice of his appointment provides to the contrary, be as effective as the
signature of his appointor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92. An alternate Director shall ipso facto cease to be an alternate Director if his appointor ceases for any
reason to be a Director, however, such alternate Director or any other person may be re-appointed by the Directors to serve as an alternate
Director PROVIDED always that, if at any meeting any Director retires but is re-elected at the same meeting, any appointment of such alternate
Director pursuant to these Articles which was in force immediately before his retirement shall remain in force as though he had not retired.

**DIRECTORS' FEES AND EXPENSES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93. The ordinary remuneration of the Directors shall from time to time be determined by the Company in general
meeting and shall (unless otherwise directed by the resolution by which it is voted) be divided amongst the Board in such proportions
and in such manner as the Board may agree or, failing agreement, equally, except that any Director who shall hold office for part only
of the period in respect of which such remuneration is payable shall be entitled only to rank in such division for a proportion of remuneration
related to the period during which he has held office. Such remuneration shall be deemed to accrue from day to day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94. Each Director shall be entitled to be repaid or prepaid all travelling, hotel and incidental expenses
reasonably incurred or expected to be incurred by him in attending meetings of the Board or committees of the Board or general meetings
or separate meetings of any class of shares or of debentures of the Company or otherwise in connection with the discharge of his duties
as a Director.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95. Any Director who, by request, goes or resides abroad for any purpose of the Company or who performs services
which in the opinion of the Board go beyond the ordinary duties of a Director may be paid such extra remuneration (whether by way of salary,
commission, participation in profits or otherwise) as the Board may determine and such extra remuneration shall be in addition to or in
substitution for any ordinary remuneration provided for by or pursuant to any other Article.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96. The Board shall obtain the approval of the Company in general meeting before making any payment to any
Director or past Director of the Company by way of compensation for loss of office, or as consideration for or in connection with his
retirement from office (not being payment to which the Director is contractually entitled).

**DIRECTORS' INTERESTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97. A Director may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) hold any other office or place of profit with the Company (except that of Auditor) in conjunction with
his office of Director for such period and upon such terms as the Board may determine. Any remuneration (whether by way of salary, commission,
participation in profits or otherwise) paid to any Director in respect of any such other office or place of profit shall be in addition
to any remuneration provided for by or pursuant to any other Article;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) act by himself or his firm in a professional capacity for the Company (otherwise than as Auditor) and
he or his firm may be remunerated for professional services as if he were not a Director;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) continue to be or become a director, managing director, joint managing director, deputy managing director,
executive director, manager or other officer or member of any other company promoted by the Company or in which the Company may be interested
as a vendor, shareholder or otherwise and (unless otherwise agreed) no such Director shall be accountable for any remuneration, profits
or other benefits received by him as a director, managing director, joint managing director, deputy managing director, executive director,
manager or other officer or member of or from his interests in any such other company. Subject as otherwise provided by these Articles
the Directors may exercise or cause to be exercised the voting powers conferred by the shares in any other company held or owned by the
Company, or exercisable by them as Directors of such other company in such manner in all respects as they think fit (including the exercise
thereof in favour of any resolution appointing themselves or any of them directors, managing directors, joint managing directors, deputy
managing directors, executive directors, managers or other officers of such company) or voting or providing for the payment of remuneration
to the director, managing director, joint managing director, deputy managing director, executive director, manager or other officers of
such other company and any Director may vote in favour of the exercise of such voting rights in manner aforesaid notwithstanding that
he may be, or about to be, appointed a director, managing director, joint managing director, deputy managing director, executive director,
manager or other officer of such a company, and that as such he is or may become interested in the exercise of such voting rights in manner
aforesaid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98. Subject to the Act and to these Articles, no Director or proposed or intending Director shall be disqualified
by his office from contracting with the Company, either with regard to his tenure of any office or place of profit or as vendor, purchaser
or in any other manner whatsoever, nor shall any such contract or any other contract or arrangement in which any Director is in any way
interested be liable to be avoided, nor shall any Director so contracting or being so interested be liable to account to the Company or
the Members for any remuneration, profit or other benefits realised by any such contract or arrangement by reason of such Director holding
that office or of the fiduciary relationship thereby established provided that such Director shall disclose the nature of his interest
in any contract or arrangement in which he is interested in accordance with Article 99 herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99. A Director who to his knowledge is in any way, whether directly or indirectly, interested in a contract
or arrangement or proposed contract or arrangement with the Company shall declare the nature of his interest at the meeting of the Board
at which the question of entering into the contract or arrangement is first considered, if he knows his interest then exists, or in any
other case at the first meeting of the Board after he knows that he is or has become so interested. For the purposes of this Article,
a general Notice to the Board by a Director to the effect that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) he is a member or officer of a specified company or firm and is to be regarded as interested in any contract
or arrangement which may after the date of the Notice be made with that company or firm; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) he is to be regarded as interested in any contract or arrangement which may after
the date of the Notice be made with a specified person who is connected with him;

shall be deemed to be a sufficient declaration of interest under this Article in relation to any such contract or arrangement, provided that no such Notice shall be effective unless either it is given at a meeting of the Board or the Director takes reasonable steps to secure that it is brought up and read at the next Board meeting after it is given.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100. (1) A Director shall not vote (nor be counted in the quorum) on any resolution of the Board approving any contract or arrangement or any
other proposal in which he or any of his close associates is materially interested, but this prohibition shall not apply to any of the
following matters namely:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the giving of any security or indemnity either:–

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to the Director or his close associate(s) in respect of money lent or obligations
incurred or undertaken by him or any of them at the request of or for the benefit of the Company or any of its subsidiaries; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to a third party in respect of a debt or obligation of the Company or any of its
subsidiaries for which the Director or his close associate(s) has himself/ themselves assumed responsibility in whole or in part and whether
alone or jointly under a guarantee or indemnity or by the giving of security;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any proposal concerning an offer of shares or debentures or other securities of or
by the Company or any other company which the Company may promote or be interested in for subscription or purchase where the Director
or his close associate(s) is/are or is/are to be interested as a participant in the underwriting or sub-underwriting of the offer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any proposal or arrangement concerning the benefit of employees of the Company or
its subsidiaries including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the adoption, modification or operation of any employees' share scheme or any
share incentive or share option scheme under which the Director or his close associate(s) may benefit; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the adoption, modification or operation of a pension fund or retirement, death or
disability benefits scheme which relates to the Director, his close associate(s) and employee(s) of the Company or any of its subsidiaries
and does not provide in respect of any Director, or his close associate(s), as such any privilege or advantage not generally accorded
to the class of persons to which such scheme or fund relates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any contract or arrangement in which the Director or his close associate(s) is/ are
interested in the same manner as other holders of shares or debentures or other securities of the Company by virtue only of his/their
interest in shares or debentures or other securities of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If any question shall arise at any meeting of the Board as to
the materiality of the interest of a Director (other than the chairman of the meeting) or as to the entitlement of any Director (other
than such chairman) to vote and such question is not resolved by his voluntarily agreeing to abstain from voting, such question shall
be referred to the chairman of the meeting and his ruling in relation to such other Director shall be final and conclusive except in
a case where the nature or extent of the interest of the Director concerned as known to such Director has not been fairly disclosed to
the Board. If any question as aforesaid shall arise in respect of the chairman of the meeting such question shall be decided by a resolution
of the Board (for which purpose such chairman shall not vote thereon) and such resolution shall be final and conclusive except in a case
where the nature or extent of the interest of such chairman as known to such chairman has not been fairly disclosed to the Board.

**GENERAL POWERS OF THE DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101. (1) The business of the Company shall be managed and conducted by the Board, which may pay all expenses incurred in forming and registering
the Company and may exercise all powers of the Company (whether relating to the management of the business of the Company or otherwise)
which are not by the Statutes or by these Articles required to be exercised by the Company in general meeting, subject nevertheless to
the provisions of the Statutes and of these Articles and to such regulations being not inconsistent with such provisions, as may be prescribed
by the Company in general meeting, but no regulations made by the Company in general meeting shall invalidate any prior act of the Board
which would have been valid if such regulations had not been made. The general powers given by this Article shall not be limited
or restricted by any special authority or power given to the Board by any other Article.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Any person contracting or dealing with the Company in the ordinary course of business shall be entitled
to rely on any written or oral contract or agreement or deed, document or instrument entered into or executed as the case may be by any
two of the Directors acting jointly on behalf of the Company and the same shall be deemed to be validly entered into or executed by the
Company as the case may be and shall, subject to any rule of law, be binding on the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Without prejudice to the general powers conferred by these Articles it is hereby expressly declared that
the Board shall have the following powers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to give to any person the right or option of requiring at a future date that an allotment shall be made
to him of any share at par or at such premium as may be agreed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to give to any Directors, officers or servants of the Company an interest in any particular business or
transaction or participation in the profits thereof or in the general profits of the Company either in addition to or in substitution
for a salary or other remuneration; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to resolve that the Company be deregistered in the Cayman Islands and continued in a named jurisdiction
outside the Cayman Islands subject to the provisions of the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The Company shall not make any loan, directly or indirectly, to a Director or his close associate(s) if
and to the extent it would be prohibited by the Companies Ordinance (Chapter 622 of the laws of Hong Kong) as if the Company were a company
incorporated in Hong Kong.

Article 101(4) shall only have effect for so long as the shares of the Company are listed on The Stock Exchange of Hong Kong Limited.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102. The Board may establish any regional or local boards or agencies for managing any of the affairs of the
Company in any place, and may appoint any persons to be members of such local boards, or any managers or agents, and may fix their remuneration
(either by way of salary or by commission or by conferring the right to participation in the profits of the Company or by a combination
of two or more of these modes) and pay the working expenses of any staff employed by them upon the business of the Company. The Board
may delegate to any regional or local board, manager or agent any of the powers, authorities and discretions vested in or exercisable
by the Board (other than its powers to make calls and forfeit shares), with power to sub-delegate, and may authorise the members of any
of them to fill any vacancies therein and to act notwithstanding vacancies. Any such appointment or delegation may be made upon such terms
and subject to such conditions as the Board may think fit, and the Board may remove any person appointed as aforesaid, and may revoke
or vary such delegation, but no person dealing in good faith and without notice of any such revocation or variation shall be affected
thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103. The Board may by power of attorney appoint under the Seal any company, firm or person or any fluctuating
body of persons, whether nominated directly or indirectly by the Board, to be the attorney or attorneys of the Company for such purposes
and with such powers, authorities and discretions (not exceeding those vested in or exercisable by the Board under these Articles) and
for such period and subject to such conditions as it may think fit, and any such power of attorney may contain such provisions for the
protection and convenience of persons dealing with any such attorney as the Board may think fit, and may also authorise any such attorney
to sub-delegate all or any of the powers, authorities and discretions vested in him. Such attorney or attorneys may, if so authorised
under the Seal of the Company, execute any deed or instrument under their personal seal with the same effect as the affixation of the
Company's Seal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104. The Board may entrust to and confer upon a managing director, joint managing director, deputy managing
director, an executive director or any Director any of the powers exercisable by it upon such terms and conditions and with such restrictions
as it thinks fit, and either collaterally with, or to the exclusion of, its own powers, and may from time to time revoke or vary all or
any of such powers but no person dealing in good faith and without notice of such revocation or variation shall be affected thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105. All cheques, promissory notes, drafts, bills of exchange and other instruments, whether negotiable or
transferable or not, and all receipts for moneys paid to the Company shall be signed, drawn, accepted, endorsed or otherwise executed,
as the case may be, in such manner as the Board shall from time to time by resolution determine. The Company's banking accounts
shall be kept with such banker or bankers as the Board shall from time to time determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106. (1) The Board may establish or concur or join with other companies (being subsidiary companies of the Company or companies with which
it is associated in business) in establishing and making contributions out of the Company's moneys to any schemes or funds for
providing pensions, sickness or compassionate allowances, life assurance or other benefits for employees (which expression as used in
this and the following paragraph shall include any Director or ex-Director who may hold or have held any executive office or any office
of profit under the Company or any of its subsidiary companies) and ex-employees of the Company and their dependants or any class or
classes of such person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Board may pay, enter into agreements to pay or make grants of revocable or irrevocable, and either
subject or not subject to any terms or conditions, pensions or other benefits to employees and ex-employees and their dependants, or to
any of such persons, including pensions or benefits additional to those, if any, to which such employees or ex-employees or their dependants
are or may become entitled under any such scheme or fund as mentioned in the last preceding paragraph. Any such pension or benefit may,
as the Board considers desirable, be granted to an employee either before and in anticipation of or upon or at any time after his actual
retirement.

**BORROWING POWERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107. The Board may exercise all the powers of the Company to raise or borrow money and to mortgage or charge
all or any part of the undertaking, property and assets (present and future) and uncalled capital of the Company and, subject to the Act,
to issue debentures, bonds and other securities, whether outright or as collateral security for any debt, liability or obligation of the
Company or of any third party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108. Debentures, bonds and other securities may be made assignable free from any equities between the Company
and the person to whom the same may be issued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109. Any debentures, bonds or other securities may be issued at a discount (other than shares), premium or
otherwise and with any special privileges as to redemption, surrender, drawings, allotment of shares, attending and voting at general
meetings of the Company, appointment of Directors and otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110. (1) Where any uncalled capital of the Company is charged, all persons taking any subsequent charge thereon shall take the same subject
to such prior charge, and shall not be entitled, by notice to the Members or otherwise, to obtain priority over such prior charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Board shall cause a proper register to be kept, in accordance with the provisions of the Act, of all
charges specifically affecting the property of the Company and of any series of debentures issued by the Company and shall duly comply
with the requirements of the Act in regard to the registration of charges and debentures therein specified and otherwise.

**PROCEEDINGS OF THE DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111. The Board may meet for the despatch of business, adjourn and otherwise regulate its meetings as it considers
appropriate. Questions arising at any meeting shall be determined by a majority of votes. In the case of any equality of votes the chairman
of the meeting shall have an additional or casting vote.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112. A meeting of the Board may be convened by the Secretary on request of a Director or by any Director. The
Secretary shall convene a meeting of the Board whenever he shall be required so to do by any Director. Notice of a meeting of the Board
shall be deemed to be duly given to a Director if it is given to such Director in writing or verbally (including in person or by telephone)
or via electronic mail or by telephone or in such other manner as the Board may from time to time determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113. (1) The quorum necessary for the transaction of the business of the Board may be fixed by the Board and, unless so fixed at any other
number, shall be two (2). An alternate Director shall be counted in a quorum in the case of the absence of a Director for whom he is
the alternate provided that he shall not be counted more than once for the purpose of determining whether or not a quorum is present.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Directors may participate in any meeting of the Board by means of a conference telephone, electronic or
other communications equipment through which all persons participating in the meeting can communicate with each other simultaneously and
instantaneously and, for the purpose of counting a quorum, such participation shall constitute presence at a meeting as if those participating
were present in person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Any Director who ceases to be a Director at a Board meeting may continue to be present and to act as a
Director and be counted in the quorum until the termination of such Board meeting if no other Director objects and if otherwise a quorum
of Directors would not be present.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114. The continuing Directors or a sole continuing Director may act notwithstanding any vacancy in the Board
but, if and so long as the number of Directors is reduced below the minimum number fixed by or in accordance with these Articles, the
continuing Directors or Director, notwithstanding that the number of Directors is below the number fixed by or in accordance with these
Articles as the quorum or that there is only one continuing Director, may act for the purpose of filling vacancies in the Board or of
summoning general meetings of the Company but not for any other purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115. The Board may elect one or more chairman and one or more deputy chairman of its meetings and determine
the period for which they are respectively to hold such office. If no chairman or deputy chairman is elected, or if at any meeting no
chairman or deputy chairman is present within five (5) minutes after the time appointed for holding the same, the Directors present
may choose one of their number to be chairman of the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116. A meeting of the Board at which a quorum is present shall be competent to exercise all the powers, authorities
and discretions for the time being vested in or exercisable by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117. (1) The Board may delegate any of its powers, authorities and discretions to committees, consisting of such Director or Directors and other
persons as it thinks fit, and they may, from time to time, revoke such delegation or revoke the appointment of and discharge any such
committees either wholly or in part, and either as to persons or purposes. Any committee so formed shall, in the exercise of the powers,
authorities and discretions so delegated, conform to any regulations which may be imposed on it by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) All acts done by any such committee in conformity with such regulations, and in fulfilment of the purposes
for which it was appointed, but not otherwise, shall have like force and effect as if done by the Board, and the Board shall have power,
with the consent of the Company in general meeting, to remunerate the members of any such committee, and charge such remuneration to the
current expenses of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118. The meetings and proceedings of any committee consisting of two or more members shall be governed by the
provisions contained in these Articles for regulating the meetings and proceedings of the Board so far as the same are applicable and
are not superseded by any regulations imposed by the Board under the last preceding Article.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119. A resolution in writing signed by all the Directors except such as are temporarily unable to act through
ill-health or disability, and all the alternate Directors, if appropriate, whose appointors are temporarily unable to act as aforesaid
shall (provided that such number is sufficient to constitute a quorum and further provided that a copy of such resolution has been given
or the contents thereof communicated to all the Directors for the time being entitled to receive notices of Board meetings in the same
manner as notices of meetings are required to be given by these Articles) be as valid and effectual as if a resolution had been passed
at a meeting of the Board duly convened and held. Such resolution may be contained in one document or in several documents in like form
each signed by one or more of the Directors or alternate Directors and for this purpose a facsimile signature of a Director or an alternate
Director shall be treated as valid. Notwithstanding the foregoing, a resolution in writing shall not be passed in lieu of a meeting of
the Board for the purposes of considering any matter or business in which a substantial shareholder of the Company or a Director has a
conflict of interest and the Board has determined that such conflict of interest to be material.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120. All acts bona fide done by the Board or by any committee or by any person acting as a Director or members
of a committee, shall, notwithstanding that it is afterwards discovered that there was some defect in the appointment of any member of
the Board or such committee or person acting as aforesaid or that they or any of them were disqualified or had vacated office, be as valid
as if every such person had been duly appointed and was qualified and had continued to be a Director or member of such committee.

**MANAGERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121. The Board may from time to time appoint a general manager, a manager or managers of the Company and may
fix his or their remuneration either by way of salary or commission or by conferring the right to participation in the profits of the
Company or by a combination of two or more of these modes and pay the working expenses of any of the staff of the general manager, manager
or managers who may be employed by him or them upon the business of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122. The appointment of such general manager, manager or managers may be for such period as the Board may decide,
and the Board may confer upon him or them all or any of the powers of the Board as they may think fit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123. The Board may enter into such agreement or agreements with any such general manager, manager or managers
upon such terms and conditions in all respects as the Board may in their absolute discretion think fit, including a power for such general
manager, manager or managers to appoint an assistant manager or managers or other employees whatsoever under them for the purpose of carrying
on the business of the Company.

**OFFICERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124. (1) The officers of the Company shall consist of at least one chairman, the Directors and Secretary and such additional officers (who
may or may not be Directors) as the Board may from time to time determine, all of whom shall be deemed to be officers for the purposes
of the Act and these Articles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Directors shall, as soon as may be after each appointment or election of Directors, elect amongst
the Directors a chairman and if more than one (1) Director is proposed for this office, the Directors may elect more than one chairman
in such manner as the Directors may determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The officers shall receive such remuneration as the Directors may from time to time determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125. (1) The Secretary and additional officers, if any, shall be appointed by the Board and shall hold office on such terms and for such
period as the Board may determine. If thought fit, two (2) or more persons may be appointed as joint Secretaries. The Board may
also appoint from time to time on such terms as it thinks fit one or more assistant or deputy Secretaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Secretary shall attend all meetings of the Members and shall keep correct minutes of such meetings
and enter the same in the proper books provided for the purpose. He shall perform such other duties as are prescribed by the Act or these
Articles or as may be prescribed by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126. The officers of the Company shall have such powers and perform such duties in the management, business
and affairs of the Company as may be delegated to them by the Directors from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127. A provision of the Act or of these Articles requiring or authorising a thing to be done by or to a Director
and the Secretary shall not be satisfied by its being done by or to the same person acting both as Director and as or in place of the
Secretary.

**REGISTER OF DIRECTORS AND OFFICERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128. The Company shall cause to be kept in one or more books at its Office a Register of Directors and Officers
in which there shall be entered the full names and addresses of the Directors and Officers and such other particulars as required by the
Act or as the Directors may determine. The Company shall send to the Registrar of Companies in the Cayman Islands a copy of such register,
and shall from time to time notify to the said Registrar of any change that takes place in relation to such Directors and Officers as
required by the Act.

**MINUTES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129. (1) The Board shall cause minutes to be duly entered in books provided for the purpose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) of all elections and appointments of officers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) of the names of the Directors present at each meeting of the Directors and of any committee of the Directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) of all resolutions and proceedings of each general meeting of the Members, meetings of the Board and meetings
of committees of the Board and where there are managers, of all proceedings of meetings of the managers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Minutes shall be kept by the Secretary at the head office.

**SEAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130. (1) The Company shall have one or more Seals, as the Board may determine. For the purpose of sealing documents creating or evidencing
securities issued by the Company, the Company may have a securities seal which is a facsimile of the Seal of the Company with the addition
of the word "Securities" on its face or in such other form as the Board may approve. The Board shall provide for the custody
of each Seal and no Seal shall be used without the authority of the Board or of a committee of the Board authorised by the Board in that
behalf. Subject as otherwise provided in these Articles, any instrument to which a Seal is affixed shall be signed autographically by
one Director and the Secretary or by two Directors or by such other person (including a Director) or persons as the Board may appoint,
either generally or in any particular case, save that as regards any certificates for shares or debentures or other securities of the
Company the Board may by resolution determine that such signatures or either of them shall be dispensed with or affixed by some method
or system of mechanical signature. Every instrument executed in manner provided by this Article shall be deemed to be sealed and
executed with the authority of the Board previously given.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Where the Company has a Seal for use abroad, the Board may by writing under the Seal appoint any agent
or committee abroad to be the duly authorised agent of the Company for the purpose of affixing and using such Seal and the Board may impose
restrictions on the use thereof as may be thought fit. Wherever in these Articles reference is made to the Seal, the reference shall,
when and so far as may be applicable, be deemed to include any such other Seal as aforesaid.

**AUTHENTICATION OF DOCUMENTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131. Any Director or the Secretary or any person appointed by the Board for the purpose may authenticate any
documents affecting the constitution of the Company and any resolution passed by the Company or the Board or any committee, and any books,
records, documents and accounts relating to the business of the Company, and to certify copies thereof or extracts therefrom as true copies
or extracts, and if any books, records, documents or accounts are elsewhere than at the Office or the head office the local manager or
other officer of the Company having the custody thereof shall be deemed to be a person so appointed by the Board. A document purporting
to be a copy of a resolution, or an extract from the minutes of a meeting, of the Company or of the Board or any committee which is so
certified shall be conclusive evidence in favour of all persons dealing with the Company upon the faith thereof that such resolution has
been duly passed or, as the case may be, that such minutes or extract is a true and accurate record of proceedings at a duly constituted
meeting.

**DESTRUCTION OF DOCUMENTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132. (1) The Company shall be entitled to destroy the following documents at the following times:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any share certificate which has been cancelled at any time after the expiry of one (1) year from the date of such cancellation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any dividend mandate or any variation or cancellation thereof or any notification of change of name or
address at any time after the expiry of two (2) years from the date such mandate variation cancellation or notification was recorded
by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any instrument of transfer of shares which has been registered at any time after the expiry of seven (7) years
from the date of registration;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any allotment letters after the expiry of seven (7) years from the date of issue thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) copies of powers of attorney, grants of probate and letters of administration at any time after the expiry
of seven (7) years after the account to which the relevant power of attorney, grant of probate or letters of administration related
has been closed;

and it shall conclusively be presumed in favour of the Company that every entry in the Register purporting to be made on the basis of any such documents so destroyed was duly and properly made and every share certificate so destroyed was a valid certificate duly and properly cancelled and that every instrument of transfer so destroyed was a valid and effective instrument duly and properly registered and that every other document destroyed hereunder was a valid and effective document in accordance with the recorded particulars thereof in the books or records of the Company. Provided always that: (1) the foregoing provisions of this Article shall apply only to the destruction of a document in good faith and without express notice to the Company that the preservation of such document was relevant to a claim; (2) nothing contained in this Article shall be construed as imposing upon the Company any liability in respect of the destruction of any such document earlier than as aforesaid or in any case where the conditions of proviso (1) above are not fulfilled; and (3) references in this Article to the destruction of any document include references to its disposal in any manner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Notwithstanding any provision contained in these Articles, the Directors may, if permitted by applicable
law, authorise the destruction of documents set out in sub-paragraphs (a) to (e) of paragraph (1) of this Article and
any other documents in relation to share registration which have been microfilmed or electronically stored by the Company or by the share
registrar on its behalf provided always that this Article shall apply only to the destruction of a document in good faith and without
express notice to the Company and its share registrar that the preservation of such document was relevant to a claim.

**DIVIDENDS AND OTHER PAYMENTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133. Subject to the Act, the Company in general meeting may from time to time declare dividends in any currency
to be paid to the Members but no dividend shall be declared in excess of the amount recommended by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134. Dividends may be declared and paid out of the profits of the Company, realised or unrealised, or from
any reserve set aside from profits which the Directors determine is no longer needed. With the sanction of an ordinary resolution dividends
may also be declared and paid out of share premium account or any other fund or account which can be authorised for this purpose in accordance
with the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135. Except in so far as the rights attaching to, or the terms of issue of, any share otherwise provide:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all dividends shall be declared and paid according to the amounts paid up on the shares in respect of
which the dividend is paid, but no amount paid up on a share in advance of calls shall be treated for the purposes of this Article as
paid up on the share; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all dividends shall be apportioned and paid pro rata according to the amounts paid up on the shares during
any portion or portions of the period in respect of which the dividend is paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136. The Board may from time to time pay to the Members such interim dividends as appear to the Board to be
justified by the profits of the Company and in particular (but without prejudice to the generality of the foregoing) if at any time the
share capital of the Company is divided into different classes, the Board may pay such interim dividends in respect of those shares in
the capital of the Company which confer on the holders thereof deferred or non-preferential rights as well as in respect of those shares
which confer on the holders thereof preferential rights with regard to dividend and provided that the Board acts bona fide the Board shall
not incur any responsibility to the holders of shares conferring any preference for any damage that they may suffer by reason of the payment
of an interim dividend on any shares having deferred or non-preferential rights and may also pay any fixed dividend which is payable on
any shares of the Company half-yearly or on any other dates, whenever such profits, in the opinion of the Board, justifies such payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137. The Board may deduct from any dividend or other moneys payable to a Member by the Company on or in respect
of any shares all sums of money (if any) presently payable by him to the Company on account of calls or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138. No dividend or other moneys payable by the Company on or in respect of any share shall bear interest against
the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139. Any dividend, interest or other sum payable in cash to the holder of shares may be paid by cheque or warrant
sent through the post addressed to the holder at his registered address or, in the case of joint holders, addressed to the holder whose
name stands first in the Register in respect of the shares at his address as appearing in the Register or addressed to such person and
at such address as the holder or joint holders may in writing direct. Every such cheque or warrant shall, unless the holder or joint holders
otherwise direct, be made payable to the order of the holder or, in the case of joint holders, to the order of the holder whose name stands
first on the Register in respect of such shares, and shall be sent at his or their risk and payment of the cheque or warrant by the bank
on which it is drawn shall constitute a good discharge to the Company notwithstanding that it may subsequently appear that the same has
been stolen or that any endorsement thereon has been forged. Any one of two or more joint holders may give effectual receipts for any
dividends or other moneys payable or property distributable in respect of the shares held by such joint holders. For the avoidance of
doubt, any dividend, interest or other sum payable in cash may also be paid by electronic funds transfer on such terms and conditions
as the Directors may determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140. All dividends or bonuses unclaimed for one (1) year after having been declared may be invested or
otherwise made use of by the Board for the benefit of the Company until claimed. Any dividend or bonuses unclaimed after a period of six
(6) years from the date of declaration shall be forfeited and shall revert to the Company. The payment by the Board of any unclaimed
dividend or other sums payable on or in respect of a share into a separate account shall not constitute the Company a trustee in respect
thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141. Whenever the Board or the Company in general meeting has resolved that a dividend be paid or declared,
the Board may further resolve that such dividend be satisfied wholly or in part by the distribution of specific assets of any kind and
in particular of paid up shares, debentures or warrants to subscribe securities of the Company or any other company, or in any one or
more of such ways, and where any difficulty arises in regard to the distribution the Board may settle the same as it thinks expedient,
and in particular may issue certificates in respect of fractions of shares, disregard fractional entitlements or round the same up or
down, and may fix the value for distribution of such specific assets, or any part thereof, and may determine that cash payments shall
be made to any Members upon the footing of the value so fixed in order to adjust the rights of all parties, and may vest any such specific
assets in trustees as may seem expedient to the Board and may appoint any person to sign any requisite instruments of transfer and other
documents on behalf of the persons entitled to the dividend, and such appointment shall be effective and binding on the Members. The Board
may resolve that no such assets shall be made available to Members with registered addresses in any particular territory or territories
where, in the absence of a registration statement or other special formalities, such distribution of assets would or might, in the opinion
of the Board, be unlawful or impracticable and in such event the only entitlement of the Members aforesaid shall be to receive cash payments
as aforesaid. Members affected as a result of the foregoing sentence shall not be or be deemed to be a separate class of Members for any
purpose whatsoever.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142. (1) Whenever the Board or the Company in general meeting has resolved that a dividend be paid or declared on any class of the share
capital of the Company, the Board may further resolve either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that such dividend be satisfied wholly or in part in the form of an allotment of shares credited as fully
paid up, provided that the Members entitled thereto will be entitled to elect to receive such dividend (or part thereof if the Board so
determines) in cash in lieu of such allotment. In such case, the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the basis of any such allotment shall be determined by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Board, after determining the basis of allotment, shall give not less than two (2) weeks'
Notice to the holders of the relevant shares of the right of election accorded to them and shall send with such notice forms of election
and specify the procedure to be followed and the place at which and the latest date and time by which duly completed forms of election
must be lodged in order to be effective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the right of election may be exercised in respect of the whole or part of that portion of the dividend
in respect of which the right of election has been accorded; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the dividend (or that part of the dividend to be satisfied by the allotment of shares as aforesaid) shall
not be payable in cash on shares in respect whereof the cash election has not been duly exercised ("the non-elected shares")
and in satisfaction thereof shares of the relevant class shall be allotted credited as fully paid up to the holders of the non-elected
shares on the basis of allotment determined as aforesaid and for such purpose the Board shall capitalise and apply out of any part of
the undivided profits of the Company (including profits carried and standing to the credit of any reserves or other special account, share
premium account, capital redemption reserve other than the Subscription Rights Reserve (as defined below)) as the Board may determine,
such sum as may be required to pay up in full the appropriate number of shares of the relevant class for allotment and distribution to
and amongst the holders of the non-elected shares on such basis; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that the Members entitled to such dividend shall be entitled to elect to receive an allotment of shares
credited as fully paid up in lieu of the whole or such part of the dividend as the Board may think fit. In such case, the following provisions
shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the basis of any such allotment shall be determined by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Board, after determining the basis of allotment, shall give not less than two (2) weeks'
Notice to the holders of the relevant shares of the right of election accorded to them and shall send with such notice forms of election
and specify the procedure to be followed and the place at which and the latest date and time by which duly completed forms of election
must be lodged in order to be effective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the right of election may be exercised in respect of the whole or part of that portion of the dividend
in respect of which the right of election has been accorded; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the dividend (or that part of the dividend in respect of which a right of election has been accorded)
shall not be payable in cash on shares in respect whereof the share election has been duly exercised ("the elected shares")
and in lieu thereof shares of the relevant class shall be allotted credited as fully paid up to the holders of the elected shares on the
basis of allotment determined as aforesaid and for such purpose the Board shall capitalise and apply out of any part of the undivided
profits of the Company (including profits carried and standing to the credit of any reserves or other special account, share premium account,
capital redemption reserve other than the Subscription Rights Reserve (as defined below)) as the Board may determine, such sum as may
be required to pay up in full the appropriate number of shares of the relevant class for allotment and distribution to and amongst the
holders of the elected shares on such basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) (a) The shares allotted pursuant to the provisions of paragraph (1) of this Article shall rank *pari passu* in all respects with shares of the same class (if any) then in issue save only as regards participation in the relevant
dividend or in any other distributions, bonuses or rights paid, made, declared or announced prior to or contemporaneously with the payment
or declaration of the relevant dividend unless, contemporaneously with the announcement by the Board of their proposal to apply the provisions
of sub-paragraph (a) or (b) of paragraph (1) of this Article in relation to the relevant dividend or contemporaneously
with their announcement of the distribution, bonus or rights in question, the Board shall specify that the shares to be allotted pursuant
to the provisions of paragraph (1) of this Article shall rank for participation in such distribution, bonus or rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Board may do all acts and things considered necessary or
expedient to give effect to any capitalisation pursuant to the provisions of paragraph (1) of this Article, with full power to the
Board to make such provisions as it thinks fit in the case of shares becoming distributable in fractions (including provisions whereby,
in whole or in part, fractional entitlements are aggregated and sold and the net proceeds distributed to those entitled, or are disregarded
or rounded up or down or whereby the benefit of fractional entitlements accrues to the Company rather than to the Members concerned).
The Board may authorise any person to enter into on behalf of all Members interested, an agreement with the Company providing for such
capitalisation and matters incidental thereto and any agreement made pursuant to such authority shall be effective and binding on all
concerned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Company may upon the recommendation of the Board by ordinary resolution resolve in respect of any
one particular dividend of the Company that notwithstanding the provisions of paragraph (1) of this Article a dividend may be
satisfied wholly in the form of an allotment of shares credited as fully paid up without offering any right to shareholders to elect to
receive such dividend in cash in lieu of such allotment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The Board may on any occasion determine that rights of election and the allotment of shares under paragraph
(1) of this Article shall not be made available or made to any shareholders with registered addresses in any territory where,
in the absence of a registration statement or other special formalities, the circulation of an offer of such rights of election or the
allotment of shares would or might, in the opinion of the Board, be unlawful or impracticable, and in such event the provisions aforesaid
shall be read and construed subject to such determination. Members affected as a result of the foregoing sentence shall not be or be deemed
to be a separate class of Members for any purpose whatsoever.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Any resolution declaring a dividend on shares of any class, whether a resolution of the Company in general
meeting or a resolution of the Board, may specify that the same shall be payable or distributable to the persons registered as the holders
of such shares at the close of business on a particular date, notwithstanding that it may be a date prior to that on which the resolution
is passed, and thereupon the dividend shall be payable or distributable to them in accordance with their respective holdings so registered,
but without prejudice to the rights inter se in respect of such dividend of transferors and transferees of any such shares. The provisions
of this Article shall *mutatis mutandis* apply to bonuses, capitalisation issues, distributions
of realised capital profits or offers or grants made by the Company to the Members.

**RESERVES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143. (1) The Board shall establish an account to be called the share premium account and shall carry to the credit of such account from
time to time a sum equal to the amount or value of the premium paid on the issue of any share in the Company. Unless otherwise provided
by the provisions of these Articles, the Board may apply the share premium account in any manner permitted by the Act. The Company shall
at all times comply with the provisions of the Act in relation to the share premium account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Before recommending any dividend, the Board may set aside out of the profits of the Company such sums
as it determines as reserves which shall, at the discretion of the Board, be applicable for any purpose to which the profits of the Company
may be properly applied and pending such application may, also at such discretion, either be employed in the business of the Company or
be invested in such investments as the Board may from time to time think fit and so that it shall not be necessary to keep any investments
constituting the reserve or reserves separate or distinct from any other investments of the Company. The Board may also without placing
the same to reserve carry forward any profits which it may think prudent not to distribute.

**CAPITALISATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144. (1) The Company may, upon the recommendation of the Board, at any time and from time to time pass an ordinary resolution to the effect
that it is desirable to capitalise all or any part of any amount for the time being standing to the credit of any reserve or fund (including
a share premium account and capital redemption reserve and the profit and loss account) whether or not the same is available for distribution
and accordingly that such amount be set free for distribution among the Members or any class of Members who would be entitled thereto
if it were distributed by way of dividend and in the same proportions, on the footing that the same is not paid in cash but is applied
either in or towards paying up the amounts for the time being unpaid on any shares in the Company held by such Members respectively or
in paying up in full unissued shares, debentures or other obligations of the Company, to be allotted and distributed credited as fully
paid up among such Members, or partly in one way and partly in the other, and the Board shall give effect to such resolution provided
that, for the purposes of this Article, a share premium account and any capital redemption reserve or fund representing unrealised profits,
may be applied only in paying up in full unissued shares of the Company to be allotted to such Members credited as fully paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Notwithstanding any provisions in these Articles, the Board may resolve to capitalise all or any part
of any amount for the time being standing to the credit of any reserve or fund (including a share premium account and the profit and loss
account) whether or not the same is available for distribution by applying such sum in paying up unissued shares to be allotted to (i) employees
(including directors) of the Company and/or its affiliates (meaning any individual, corporation, partnership, association, joint-stock
company, trust, unincorporated association or other entity (other than the Company) that directly, or indirectly through one or more intermediaries,
controls, is controlled by or is under common control with, the Company) upon exercise or vesting of any options or awards granted under
any share incentive scheme or employee benefit scheme or other arrangement which relates to such persons that has been adopted or approved
by the Members at a general meeting, or (ii) any trustee of any trust to whom shares are to be allotted and issued by the Company
in connection with the operation of any share incentive scheme or employee benefit scheme or other arrangement which relates to such persons
that has been adopted or approved by the Members at a general meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145. The Board may settle, as it considers appropriate, any difficulty arising in regard to any distribution
under the last preceding Article and in particular may issue certificates in respect of fractions of shares or authorise any person
to sell and transfer any fractions or may resolve that the distribution should be as nearly as may be practicable in the correct proportion
but not exactly so or may ignore fractions altogether, and may determine that cash payments shall be made to any Members in order to adjust
the rights of all parties, as may seem expedient to the Board. The Board may appoint any person to sign on behalf of the persons entitled
to participate in the distribution any contract necessary or desirable for giving effect thereto and such appointment shall be effective
and binding upon the Members.

**SUBSCRIPTION RIGHTS RESERVE**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146. The following provisions shall have effect to the extent that they are not prohibited by and are in compliance
with the Act:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If, so long as any of the rights attached to any warrants issued by the Company to subscribe for shares
of the Company shall remain exercisable, the Company does any act or engages in any transaction which, as a result of any adjustments
to the subscription price in accordance with the provisions of the conditions of the warrants, would reduce the subscription price to
below the par value of a share, then the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) as from the date of such act or transaction the Company shall establish and thereafter (subject as provided
in this Article) maintain in accordance with the provisions of this Article a reserve (the "Subscription Rights Reserve")
the amount of which shall at no time be less than the sum which for the time being would be required to be capitalised and applied in
paying up in full the nominal amount of the additional shares required to be issued and allotted credited as fully paid pursuant to sub
 – paragraph (c) below on the exercise in full of all the subscription rights outstanding and shall apply the Subscription Rights
Reserve in paying up such additional shares in full as and when the same are allotted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Subscription Rights Reserve shall not be used for any purpose other than that specified above unless
all other reserves of the Company (other than share premium account) have been extinguished and will then only be used to make good losses
of the Company if and so far as is required by law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) upon the exercise of all or any of the subscription rights represented by any warrant, the relevant subscription
rights shall be exercisable in respect of a nominal amount of shares equal to the amount in cash which the holder of such warrant is required
to pay on exercise of the subscription rights represented thereby (or, as the case may be the relevant portion thereof in the event of
a partial exercise of the subscription rights) and, in addition, there shall be allotted in respect of such subscription rights to the
exercising warrantholder, credited as fully paid, such additional nominal amount of shares as is equal to the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the said amount in cash which the holder of such warrant is required to pay on exercise of the subscription
rights represented thereby (or, as the case may be, the relevant portion thereof in the event of a partial exercise of the subscription
rights); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the nominal amount of shares in respect of which such subscription rights would have been exercisable
having regard to the provisions of the conditions of the warrants, had it been possible for such subscription rights to represent the
right to subscribe for shares at less than par and immediately upon such exercise so much of the sum standing to the credit of the Subscription
Rights Reserve as is required to pay up in full such additional nominal amount of shares shall be capitalised and applied in paying up
in full such additional nominal amount of shares which shall forthwith be allotted credited as fully paid to the exercising warrantholders;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if, upon the exercise of the subscription rights represented by any warrant, the amount standing to the
credit of the Subscription Rights Reserve is not sufficient to pay up in full such additional nominal amount of shares equal to such difference
as aforesaid to which the exercising warrantholder is entitled, the Board shall apply any profits or reserves then or thereafter becoming
available (including, to the extent permitted by law, share premium account) for such purpose until such additional nominal amount of
shares is paid up and allotted as aforesaid and until then no dividend or other distribution shall be paid or made on the fully paid shares
of the Company then in issue. Pending such payment and allotment, the exercising warrantholder shall be issued by the Company with a certificate
evidencing his right to the allotment of such additional nominal amount of shares. The rights represented by any such certificate shall
be in registered form and shall be transferable in whole or in part in units of one share in the like manner as the shares for the time
being are transferable, and the Company shall make such arrangements in relation to the maintenance of a register therefor and other matters
in relation thereto as the Board may think fit and adequate particulars thereof shall be made known to each relevant exercising warrantholder
upon the issue of such certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Shares allotted pursuant to the provisions of this Article shall rank *pari passu* in all respects with the other shares allotted on the relevant exercise of the subscription rights represented by the
warrant concerned. Notwithstanding anything contained in paragraph (1) of this Article, no fraction of any share shall be allotted
on exercise of the subscription rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The provision of this Article as to the establishment and maintenance of the Subscription Rights
Reserve shall not be altered or added to in any way which would vary or abrogate, or which would have the effect of varying or abrogating
the provisions for the benefit of any warrantholder or class of warrantholders under this Article without the sanction of a special
resolution of such warrantholders or class of warrantholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) A certificate or report by the auditors for the time being of the Company as to whether or not the Subscription
Rights Reserve is required to be established and maintained and if so the amount thereof so required to be established and maintained,
as to the purposes for which the Subscription Rights Reserve has been used, as to the extent to which it has been used to make good losses
of the Company, as to the additional nominal amount of shares required to be allotted to exercising warrantholders credited as fully paid,
and as to any other matter concerning the Subscription Rights Reserve shall (in the absence of manifest error) be conclusive and binding
upon the Company and all warrantholders and shareholders.

**ACCOUNTING RECORDS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147. The Board shall cause true accounts to be kept of the sums of money received and expended by the Company,
and the matters in respect of which such receipt and expenditure take place, and of the property, assets, credits and liabilities of the
Company and of all other matters required by the Act or necessary to give a true and fair view of the Company's affairs and to explain
its transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148. The accounting records shall be kept at the Office or, at such other place or places as the Board decides
and shall always be open to inspection by the Directors. No Member (other than a Director) shall have any right of inspecting any accounting
record or book or document of the Company except as conferred by law or authorised by the Board or the Company in general meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149. Subject to Article 150, a printed copy of the Directors' report, accompanied by the balance
sheet and profit and loss account, including every document required by law to be annexed thereto, made up to the end of the applicable
financial year and containing a summary of the assets and liabilities of the Company under convenient heads and a statement of income
and expenditure, together with a copy of the Auditors' report, shall be sent to each person entitled thereto at least twenty-one
(21) days before the date of the general meeting and at the same time as the notice of annual general meeting and laid before the Company
at the annual general meeting held in accordance with Article 56 provided that this Article shall not require a copy of those
documents to be sent to any person whose address the Company is not aware or to more than one of the joint holders of any shares or debentures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150. Subject to due compliance with all applicable Statutes, rules and regulations, including, without
limitation, the Listing Rules, and to obtaining all necessary consents, if any, required thereunder, the requirements of Article 149
shall be deemed satisfied in relation to any person by sending to the person in any manner not prohibited by the Statutes, summarised
financial statements derived from the Company's annual accounts and the directors' report which shall be in the form and containing
the information required by applicable laws and regulations, provided that any person who is otherwise entitled to the annual financial
statements of the Company and the directors' report thereon may, if he so requires by notice in writing served on the Company, demand
that the Company sends to him, in addition to summarised financial statements, a complete printed copy of the Company's annual financial
statement and the directors' report thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151. The requirement to send to a person referred to in Article 149 the documents referred to in that
article or a summary financial report in accordance with Article 150 shall be deemed satisfied where, in accordance with all applicable
Statutes, rules and regulations, including, without limitation, the Listing Rules, the Company publishes copies of the documents
referred to in Article 149 and, if applicable, a summary financial report complying with Article 150, on the Company's
computer network or in any other permitted manner (including by sending any form of electronic communication).

**AUDIT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152. (1) At the annual general meeting or at a subsequent extraordinary general meeting in each year, the Members shall by ordinary resolution
appoint an auditor to audit the accounts of the Company and such auditor shall hold office until the next annual general meeting. Such
auditor may be a Member but no Director or officer or employee of the Company shall, during his continuance in office, be eligible to
act as an auditor of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Members may, at any general meeting convened and held in accordance with these Articles, by ordinary
resolution remove the Auditor at any time before the expiration of his term of office and shall by ordinary resolution at that meeting
appoint another Auditor in his stead for the remainder of his term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153. Subject to the Act the accounts of the Company shall be audited at least once in every year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154. The remuneration of the Auditor shall be fixed by an ordinary resolution passed at a general meeting or
in such manner as the Members may by ordinary resolution determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155. The Directors may fill any casual vacancy in the office of Auditor but while any such vacancy continues
the surviving or continuing Auditor or Auditors, if any, may act. The remuneration of any Auditor appointed by the Directors under this
Article may be fixed by the Board. Subject to Article 152(2), an Auditor appointed under this Article shall hold office
until the next following annual general meeting of the Company and shall then be subject to appointment by the Members under Article 152(1) at
such remuneration to be determined by the Members under Article 154.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156. The Auditor shall at all reasonable times have access to all books kept by the Company and to all accounts
and vouchers relating thereto; and he may call on the Directors or officers of the Company for any information in their possession relating
to the books or affairs of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157. The statement of income and expenditure and the balance sheet provided for by these Articles shall be
examined by the Auditor and compared by him with the books, accounts and vouchers relating thereto; and he shall make a written report
thereon stating whether such statement and balance sheet are drawn up so as to present fairly the financial position of the Company and
the results of its operations for the period under review and, in case information shall have been called for from Directors or officers
of the Company, whether the same has been furnished and has been satisfactory. The financial statements of the Company shall be audited
by the Auditor in accordance with generally accepted auditing standards. The Auditor shall make a written report thereon in accordance
with generally accepted auditing standards and the report of the Auditor shall be submitted to the Members in general meeting. The generally
accepted auditing standards referred to herein may be those of a country or jurisdiction other than the Cayman Islands. If so, the financial
statements and the report of the Auditor should disclose this fact and name such country or jurisdiction.

**NOTICES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158. (1) Any Notice or document (including any "corporate communication" and "actionable corporate communication"
within the meaning ascribed thereto under the Listing Rules), whether or not, to be given or issued under these Articles from the Company
shall be in writing or by cable, telex or facsimile transmission message or other form of electronic transmission or electronic communication
and, subject to compliance with the Listing Rules, any such Notice and document may be given or issued by any of the following means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by serving it personally on the relevant person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by sending it through the post in a prepaid envelope addressed to such Member at his registered address
as appearing in the Register or at any other address supplied by him to the Company for the purpose;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) by delivering or leaving it at such address as aforesaid;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) by placing an advertisement in appropriate newspapers or other publication and where applicable, in accordance
with the requirements of the Designated Stock Exchange;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) by sending or transmitting it as an electronic communication to the relevant person at such electronic
address as he may provide under Article 158(3) without the need for any additional consent or notification;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) by publishing it on the Company's website or the website of the Designated Stock Exchange without
the need for any additional consent or notification; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) by sending or otherwise making it available to such person through such other means, whether electronically
or otherwise, to the extent permitted by and in accordance with the Statutes and other applicable laws, rules and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) In the case of joint holders of a share, all notices shall be given to that one of the joint holders whose
name stands first in the Register and notice so given shall be deemed a sufficient service on or delivery to all the joint holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Every Member or a person who is entitled to receive notice from the Company under the provisions of the
Statutes or these Articles may register with the Company an electronic address to which Notices can be served upon him.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Subject to any applicable laws, rules and regulations and the terms of these Articles, any notice,
document or publication, including but not limited to the documents referred to in Articles 149, 150 and 158 may be given in the English
language only or in both the English language and the Chinese language or, with the consent of or election by any member, in the Chinese
language only to such Member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159. Any Notice or other document:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if served or delivered by post, shall where appropriate be sent by airmail and shall be deemed to have
been served or delivered on the day following that on which the envelope containing the same, properly prepaid and addressed, is put into
the post; in proving such service or delivery it shall be sufficient to prove that the envelope or wrapper containing the notice or document
was properly addressed and put into the post and a certificate in writing signed by the Secretary or other officer of the Company or other
person appointed by the Board that the envelope or wrapper containing the Notice or other document was so addressed and put into the post
shall be conclusive evidence thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if sent by electronic communication, shall be deemed to be given on the day on which it is transmitted
from the server of the Company or its agent. A Notice, document or publication placed on either the Company's website or the website
of the Designated Stock Exchange, is deemed given or served by the Company on the day it first so appears on the relevant website, unless
the Listing Rules specify a different date. In such cases, the deemed date of service shall be as provided or required by the Listing
Rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if served or delivered in any other manner contemplated by these Articles, shall be deemed to have been
served or delivered at the time of personal service or delivery or, as the case may be, at the time of the relevant despatch or transmission;
and in proving such service or delivery a certificate in writing signed by the Secretary or other officer of the Company or other person
appointed by the Board as to the act and time of such service, delivery, despatch or transmission shall be conclusive evidence thereof;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if published as an advertisement in a newspaper or other publication permitted under these Articles, shall
be deemed to have been served on the day on which the advertisement first so appears.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160. (1) Any Notice or other document delivered or sent in any manner permitted by these Articles shall, notwithstanding that such Member
is then dead or bankrupt or that any other event has occurred, and whether or not the Company has notice of the death or bankruptcy or
other event, be deemed to have been duly served or delivered in respect of any share registered in the name of such Member as sole or
joint holder unless his name shall, at the time of the service or delivery of the Notice or document, have been removed from the Register
as the holder of the share, and such service or delivery shall for all purposes be deemed a sufficient service or delivery of such Notice
or document on all persons interested (whether jointly with or as claiming through or under him) in the share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) A Notice may be given by the Company to the person entitled to a share in consequence of the death, mental
disorder or bankruptcy of a Member by sending it via electronic means or through the post in a prepaid letter, envelope or wrapper addressed
to him by name, or by the title of representative of the deceased, or trustee of the bankrupt, or by any like description, at the electronic
or postal address, if any, supplied for the purpose by the person claiming to be so entitled, or (until such electronic or postal address
has been so supplied) by giving the notice in any manner in which the same might have been given if the death, mental disorder or bankruptcy
had not occurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Any person who by operation of law, transfer or other means whatsoever shall become entitled to any share
shall be bound by every Notice in respect of such share which prior to his name and address being entered on the Register shall have been
duly given to the person from whom he derives his title to such share.

**SIGNATURES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161. For the purposes of these Articles, a facsimile or electronic transmission message purporting to come
from a holder of shares or, as the case may be, a Director or alternate Director, or, in the case of a corporation which is a holder of
shares from a director or the secretary thereof or a duly appointed attorney or duly authorised representative thereof for it and on its
behalf, shall in the absence of express evidence to the contrary available to the person relying thereon at the relevant time be deemed
to be a document or instrument in writing signed by such holder or Director or alternate Director in the terms in which it is received.
The signature to any Notice or document to be given by the Company may be written, printed or in electronic form.

**WINDING UP**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162. (1) Subject to Article 162(2), the Board shall have power in the name and on behalf of the Company to present a petition to the
court for the Company to be wound up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Unless otherwise provided by the Act, a resolution that the Company be wound up by the court or to be
wound up voluntarily shall be a special resolution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163. (1) Subject to any special rights, privileges or restrictions as to the distribution of available surplus assets on liquidation for
the time being attached to any class or classes of shares (i) if the Company
shall be wound up and the assets available for distribution amongst the Members shall be more than sufficient to repay the whole of the
capital paid up at the commencement of the winding up, the excess shall be distributed *pari passu* amongst
such Members in proportion to the amount paid up on the shares held by them respectively and (ii) if the Company shall be wound up
and the assets available for distribution amongst the Members as such shall be insufficient to repay the whole of the paid-up capital
such assets shall be distributed so that, as nearly as may be, the losses shall be borne by the Members in proportion to the capital paid
up, or which ought to have been paid up, at the commencement of the winding up on the shares held by them respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If the Company shall be wound up (whether the liquidation is voluntary or by the court) the liquidator
may, with the authority of a special resolution and any other sanction required by the Act, divide among the Members in specie or kind
the whole or any part of the assets of the Company and whether or not the assets shall consist of properties of one kind or shall consist
of properties to be divided as aforesaid of different kinds, and may for such purpose set such value as he deems fair upon any one or
more class or classes of property and may determine how such division shall be carried out as between the Members or different classes
of Members. The liquidator may, with the like authority, vest any part of the assets in trustees upon such trusts for the benefit of the
Members as the liquidator with the like authority shall think fit, and the liquidation of the Company may be closed and the Company dissolved,
but so that no contributory shall be compelled to accept any shares or other property in respect of which there is a liability.

**INDEMNITY**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164. (1) The Directors, Secretary and other officers and every Auditor of the Company at any time, whether at present or in the past, and
the liquidator or trustees (if any) acting or who have acted in relation to any of the affairs of the Company and everyone of them, and
everyone of their heirs, executors and administrators, shall be indemnified and secured harmless out of the assets and profits of the
Company from and against all actions, costs, charges, losses, damages and expenses which they or any of them, their or any of their heirs,
executors or administrators, shall or may incur or sustain by or by reason of any act done, concurred in or omitted in or about the execution
of their duty, or supposed duty, in their respective offices or trusts; and none of them shall be answerable for the acts, receipts,
neglects or defaults of the other or others of them or for joining in any receipts for the sake of conformity, or for any bankers or
other persons with whom any moneys or effects belonging to the Company shall or may be lodged or deposited for safe custody, or for insufficiency
or deficiency of any security upon which any moneys of or belonging to the Company shall be placed out on or invested, or for any other
loss, misfortune or damage which may happen in the execution of their respective offices or trusts, or in relation thereto; PROVIDED
THAT this indemnity shall not extend to any matter in respect of any fraud or dishonesty which may attach to any of said persons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Each Member agrees to waive any claim or right of action he might have, whether individually or by or
in the right of the Company, against any Director on account of any action taken by such Director, or the failure of such Director to
take any action in the performance of his duties with or for the Company; PROVIDED THAT such waiver shall not extend to any matter in
respect of any fraud or dishonesty which may attach to such Director.

**FINANCIAL YEAR**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165. Unless otherwise determined by the Directors, the financial year of the Company shall end on the 31<sup>st</sup>
day of December in each year.

**AMENDMENT TO MEMORANDUM AND ARTICLES OF ASSOCIATION AND NAME OF COMPANY**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166. No Article shall be rescinded, altered or amended and no new Article shall be made until the
same has been approved by a special resolution of the Members. A special resolution shall be required to alter the provisions of the memorandum
of association or to change the name of the Company.

**INFORMATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167. No Member shall be entitled to require discovery of or any information respecting any detail of the Company's
trading or any matter which is or may be in the nature of a trade secret or secret process which may relate to the conduct of the business
of the Company and which in the opinion of the Directors it will be inexpedient in the interests of the Members to communicate to the
public.

**PAYMENT OF CORPORATE ACTION PROCEEDS AND ELECTRONIC INSTRUCTIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168. To the extent permitted by applicable law and unless otherwise restricted or prohibited by the Listing
Rules, the Company shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) accept instructions from Members and its securities holders (including but not limited to dividend election
instructions, payment choice instructions, responses to "corporate communication" and "actionable corporate communications"
within the meaning ascribed thereto under the Listing Rules, and instructions regarding any meeting of the securities holders such as
meeting attendance indications, proxy appointments, revocations, voting directions, and responses to corporate communications) transmitted
by electronic means, in such manner and subject to reasonable authentication measures as the Board may from time to time determine; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) pay any corporate action proceeds (including proceeds paid by the Company to Members and its securities
holders in connection with its corporate actions, such as the distribution of dividends and other entitlements, refunds in respect of
applications for, and/or (where applicable) excess applications in connection with, rights issues, open offers, and offers made to a specified
group of such holders on a preferential basis; and payments in connection with takeovers and privatisations) by any electronic means,
including through any payment system in Hong Kong operated by Hong Kong Interbank Clearing Limited for settling inter-bank payments on
a real-time gross settlement basis, or by such other means as the Board considers appropriate.