CAPITAL STRATEGIC INVESTMENT LIMITED

Transcription

1 The Companies Act 1981 Company Limited by Shares Memorandum of Association and Bye-Laws (As adopted at a Special General Meeting of the Members of the Company held on 23rd March 1992 and including all alterations up to 30th August 2004) of CAPITAL STRATEGIC INVESTMENT LIMITED (Incorporated in Bermuda with limited liability) Incorporated on the 17th day of December 1991 Woo Kwan Lee & Lo Solicitors & Notaries Hong Kong Reprinted by 2004

2 The Companies Act 1981 Company Limited by Shares Memorandum of Association and Bye-Laws (As adopted at a Special General Meeting of the Members of the Company held on 23rd March 1992 and including all alterations up to 30th August 2004) of CAPITAL STRATEGIC INVESTMENT LIMITED (Incorporated in Bermuda with limited liability) Incorporated on the 17th day of December 1991 Woo Kwan Lee & Lo Solicitors & Notaries Hong Kong Reprinted by 2004

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4 Registration No. : F5357 THE COMPANIES ORDINANCE (CHAPTER 32) RESOLUTION OF CAPITAL STRATEGIC INVESTMENT LIMITED Passed on the 30th day of August, 2004 At the Annual General Meeting of the Shareholders of the abovenamed Company duly convened and held at Board Room, 7/F., The Dynasty Club Limited, South West Tower, Convention Plaza, 1 Harbour Road, Wanchai, Hong Kong on Monday, 30th August, 2004 at 9:30 a.m., the following resolution was duly passed : SPECIAL RESOLUTION THAT the bye-laws of the Company (the Bye-Laws ) be and are hereby amended by: (a) adding the following definition in Bye-Law 1: Listing Rules shall mean the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (as amended from time to time); ; (b) deleting the existing definition of associates in Bye-Law 1 and substituting therefor the following new definition of associate(s) : associate(s) in relation to any Director, shall have the meaning ascribed to it under the Listing Rules; ; (c) deleting the existing definition of Clearing House in Bye-Law 1 and substituting therefor the following new definition of Clearing House : Clearing House shall mean 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; ; (d) adding to the end of the definition writing in Bye-law 1 after the word form the following:, and including where the representation takes the form of electronic display, 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. ;

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6 (e) adding after the definition writing in Bye-law 1 the following new paragraph: references to a document being executed include references to it being 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. ; (f) deleting and replacing the existing definition Special Resolution in Bye-law 1 in its entirety and substituting therefor the following new definition of Special Resolution : A resolution shall be a Special Resolution when it has been passed by a majority of not less than three-fourths of the 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 representatives or, where proxies are allowed, by proxy at a general meeting of which not less than 21 days notice, specifying (without prejudice to the power contained in these presents to amend the same) the intention to propose the resolution as a special resolution, has been duly given. Provided that, if it is so agreed by a majority in number of the members having a right to attend and vote at any such meeting, being a majority together holding not less than 95 per cent. in normal value of the shares giving that right, a resolution may be proposed and passed as a Special Resolution at a meeting of which not less than 21 days notice has been given. ; (g) adding to the end of Bye-Law 3 after the word holder. the following: Where the Company purchases for redemption a redeemable share, purchases not made through the market or by tender shall be limited to a maximum price as may from time to time be determined by the Company in general meeting, either generally or with regard to specific purchases. If purchases are by tender, tenders shall be available to all members alike. ; (h) adding to the last sentence of Bye-Law 5(A) after the phrase but so that the necessary quorum shall be not less than two persons holding or representing by proxy the phrase or in the case of a member being a corporation, its duly authorised representative, and adding to the end of this Bye-law 5(A) after the word poll the following: and every holder of shares of the class shall be entitled on a poll to one vote for every such share held by him. ; (i) deleting and replacing the existing Bye-Law 6(C) in its entirety and substituting therefor the following new Bye-Law 6(C): (C) Subject to the Statutes: (i) the Company may in accordance with any scheme for the time being in force and approved by the members in general meeting provide directly or indirectly money or other financial assistance for the purpose of or in connection with the purchase of, or subscription for, fully or partly paid shares in the Company or any holding company of the Company, being a purchase of or subscription for shares by a trustee of or to be held by or for the benefit of employees of the Company, any of its subsidiaries, any holding company of the Company or any subsidiary of any such holding

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8 company, in each such case whether incorporated in Bermuda or elsewhere and whether or not a wholly-owned subsidiary of the Company including any director holding a salaried employment or office with or in any such case whether incorporated in Bermuda or elsewhere and whether or not a wholly-owned subsidiary of the Company including any director holding a salaried employment or office with or in any such company and so that the residual beneficiary of any such trust may be or include a charitable object; and (ii) the Company may give financial assistance on such terms as the Directors think fit to directors and bona fide employees of the Company, any of its subsidiaries, any holding company of the Company and/or any subsidiary of any such holding company, in each such case whether incorporated in Bermuda or elsewhere and whether or not a wholly-owned subsidiary of the Company in order that they may buy shares (fully or partly paid) in the Company or any holding company of the Company and such terms may include a reference that, when a director ceases to be a director of, or an employee ceases to be employed by, the Company or such other company, shares bought with such financial assistance shall or may be sold to the Company or such other company on such terms as the Directors think fit. ; (j) adding to the end of Bye-Law 8 after the word voting the following: 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. ; (k) (l) replacing the words two months in line 3 of Bye-Law 15 by the words 10 business days ; adding to the end of Bye-Law 17 after the word shares the following: 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 or that such certificates need not be signed by any person. ; (m) adding to the end of the first sentence of Bye-Law 19 after the words old certificate and before the last sentence of this Bye-Law before the words :in the case the following: 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 or will, if discovered after issue of the replacement share warrant, be delivered to the Directors for their destruction. ;

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10 (n) deleting the existing Bye-Law 36 and substituting therefor the following new Bye- Law 36: 36 Subject to the Companies Act, all transfers of shares may be effected by transfer in writing in the usual or common form or in a form prescribed by the stock exchange in Hong Kong 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 ; (o) (p) deleting the word The in the second sentence of Bye-Law 37 and substituting therefor by the words Without prejudice to Bye-Law 36, the ; deleting the last sentence The Company shall also retain the transfer. from Bye- Law 43; (q) deleting the words and in the Newspapers from the first sentence of Bye-Law 44 and substituting such words by the following: and, where applicable, any other newspapers in accordance with the requirements of any stock exchange in Hong Kong or by any means in such manner as may be accepted by the stock exchange in Hong Kong to that effect be suspended ; (r) adding the following sub-clauses to Bye-Law 59(A) after Bye-Law 59(A)(v): (vi) increase its capital by such sum, to be divided into shares of such amounts, as the resolution shall prescribe; and (vii) change the currency denomination of its share capital. ; (s) deleting the existing Bye-Law 59(B) in its entirety and substituting therefor by the following: (B) The Company may by Special Resolution reduce its authorised or issued share capital, any capital redemption reserve fund or save for the use of share premium as expressly permitted by the Companies Act any share premium account or other undistributable reserve in any manner authorised and subject to any conditions prescribed by law. ; (t) (u) Adding to the end of the first sentence in Bye-Law 60 after the words and that of the next the words unless a longer period would not infringe the Listing Rules. ; Deleting the existing Bye-Law 62 in its entirety and substituting therefor by the following: 62. The Board may whenever it thinks fit call special general meetings, and members holding at the date of deposit of the requisition not less than one-tenth of the paid up capital of the Company carrying the right of voting at general meetings of the Company shall at all times have the right, by written requisition to the Board or the Secretary of the Company, to require a special general meeting to be called by the Board for the transaction of any business 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 requisitionists themselves may do so in accordance with the provisions of Section 74(3) of the Companies Act. ;

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12 (v) Adding to Bye-Law 70 after sub-clause (iv) the following: 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 a member. ; (w) Deleting the existing Bye-Law 76 in its entirety and substituting therefor by the following new Bye-Law 76: 76. Subject to any special rights, privileges or restrictions as to voting for the time being attached to any class or classes of shares, at any general meeting on a show of hands every member who is present in person (or, in the case of a member being a corporation, by its duly authorised representative) or by proxy shall have one vote, and on a poll every member present in person (or, in the case of a member being a corporation by its duly authorised representative) or by proxy, shall have one vote for every share of which he is the holder which is fully paid up or credited as fully paid up (but so that no amount paid up or credited as paid up on a share in advance of calls or instalments shall be treated for the purposes of this Bye-Law as paid up on the share). On a poll a member entitled to more than one vote need not use all his votes or cast all the votes he uses in the same way. Notwithstanding anything contained in these Bye-laws, 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. ; (x) adding the following as a new Bye-Law 80(C) immediately after Bye-law 80(B): (C) Where any member is, under the rules of the stock exchange in Hong Kong, required to abstain from voting on any particular resolution or restricted to voting only for or only against any particular resolution, any votes cast by or on behalf of such member in contravention of such requirement or restriction shall not be counted. ; (y) deleting the existing Bye-Law 81 in its entirety and substituting therefor the following new Bye-Law 81: 81 Any member of the Company entitled to attend and vote at a meeting of the Company or a meeting of the holders of any class of shares in the Company shall be entitled to appoint another person as his proxy to attend and vote instead of him. On a poll votes may be given either personally (or, in the case of a member being a corporation, by its duly authorised representative) or by proxy. 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. ; (z) adding to the end of Bye-Law 82 after the word authorised. the following: 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 fact. ;

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14 (aa) deleting Bye-Law 83 in its entirety and substituting therefor by the following new Bye-Law 83: 83 The instrument appointing a proxy and the power of attorney or other authority, if any, under which it is signed or a notarially certified copy of that power or authority shall be deposited at such place or one of such places (if any) as is specified in the notice of meeting or in the instrument of proxy issued by the Company (or, if no place is specified, at the Registration Office) not less than forty-eight hours before the time for holding the meeting or adjourned meeting or poll (as the case may be) at which the person named in such instrument proposes to vote or, in the case of a poll taken subsequently to the date of a meeting or adjourned meeting, not less than twenty-four (24) hours before the time appointed for the taking of the poll, and in default the instrument of proxy shall not be treated as valid. No instrument appointing a proxy shall be valid after the expiration of twelve months from the date of its execution, except at an adjourned meeting or on a poll demanded at a meeting or an adjourned meeting in a case where the meting was originally held within twelve months from such date. Delivery of an instrument appointing a proxy shall not preclude a member from attending and voting in person at the meeting or upon the poll concerned and, in such event, the instrument appointing a proxy shall be deemed to be revoked. ; (bb) adding to the end of Bye-Law 84 after the word approve the following: (provided that this shall not preclude the use of the two-way form). ; (cc) deleting Bye-Law 87A in its entirety and substituting therefor by the following new Bye-Law 87A: If a clearing house is a member of the Company or its nominee(s) and, in each case being a corporation, it may authorise such person or persons as it thinks fit to act as its representative or representatives at any meeting of the Company or at any meeting of any class of members of the Company, 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 person is so authorised. A person so authorised under the provisions of this Bye-Law shall be entitled to exercise he same powers on behalf of the clearing house (or its nominee(s)) which he represents as that clearing house (or its nominee(s)) could exercise if it were an individual member of the Company, including the right to vote individually on a show of hands. ; (dd) (ee) Deleting the word The at the beginning of Bye-Law 89 and substituting therefor by the words Unless otherwise determined by the Company in general meetings, the ; deleting Bye-Law 90 in its entirety and substituting therefor by the following new Bye-Law 90: 90. A Director may at any time, by notice in writing signed by him delivered to the Registered Office of the Company or at the Head Office or at a meeting of the Board, appoint any person (including another Director) to act as alternate Director in his place during his absence and may in like manner at any time determine such appointment. If such person is not another Director such appointment unless previously approved by the Board, shall have effect only upon and subject to being so approved. The appointment of an alternate Director shall determine on the happening of any event which were he a Director, would cause him to vacate such office or if his appointor ceases to be a Director. ;

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16 (ff) deleting Bye-Law 92 in its entirety and substituting therefor by the following new Bye-Law 90: 92. A Director or an alternate director shall not be required to hold any qualification shares but shall nevertheless be entitled to attend and speak at all general meetings of the Company and of any class of members of the Company. ; (gg) deleting Bye-Law 98(F) in its entirety and substituting therefor by the following new Bye-Law 98(F): (F) Subject to the Companies Act and these Bye-Laws, 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 whatever, 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 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 Bye-Law 98(G). ; (hh) (ii) deleting the last sentence Provided that if such disclosure is made as aforesaid, a Director shall be entitled to vote, in respect of any contract or arrangement in which he is interested and to be counted in the quorum present at the meeting at which such contract or arrangement is considered from Bye-Law 98(G); deleting Bye-Law 98(H) in its entirety and substituting therefor by the following new Bye-Law 98(H): (H) 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 associates is materially interested, but this prohibition shall not apply to any of the following matters namely: (i) (ii) (iii) any contract or arrangement for the giving to such Director or his associate(s) any security or indemnity in respect of money lent by him or any of his associates or obligations incurred or undertaken by him or any of his associates at the request of or for the benefit of the Company or any of its subsidiaries; any contract or arrangement for the giving of any security or indemnity 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 associate(s) has himself/ themselves assumed responsibility in whole or in part whether alone or jointly under a guarantee or indemnity or by the giving of security; any contract or arrangement 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 associate(s) is/are or is/are to be interested as a participant in the underwriting or sub-underwriting of the offer;

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18 (iv) (v) (vi) any contract or arrangement in which the Director or his associate(s) is/ are interested in the same manner as other holders of shares or debentures or other securities of the Company or any of its subsidiaries by virtue only of his/their interest in shares or debentures or other securities of the Company; any contract or arrangement concerning any other company in which the Director or his associate(s) is/are interested only, whether directly or indirectly, as an officer or executive or a shareholder other than a company in which the Director and/or his associate(s) is/are beneficially interested in five (5) per cent or more of the issued shares or of the voting rights of any class of shares of such company (or any third company through which his interest or that of any of his associates is derived); or any proposal concerning the adoption, modification or operation of a share option scheme, a pension fund or retirement, death or disability benefits scheme or other arrangement which relates both to directors, his associates and employees of the Company or of any of its subsidiaries and does not provide in respect of any Director, or his associate(s), as such any privilege or advantage not accorded to the employees to which such scheme or fund relates. (2) A company shall be deemed to be a company in which a Director and/or his associate(s) owns five (5) per cent. or more if and so long as (but only if and so long as) he and/or his associates, (either directly or indirectly) are the holders of or beneficially interested in five (5) per cent. or more of any class of the equity share capital of such company or of the voting rights available to members of such company (or of any third company through which his/their interest or that of any of his associates is derived). For the purpose of this paragraph there shall be disregarded any shares held by a Director or his associate(s) as bare or custodian trustee and in which he or any of them has no beneficial interest, any shares comprised in a trust in which the interest of the Director or his associate(s) is/are in reversion or remainder if and so long as some other person is entitled to receive the income thereof, and any shares comprised in an authorised unit trust scheme in which the Director or his associate(s) is/are interested only as a unit holder and any shares which carry no voting right at general meetings and very restrictive dividend and return of capital right. (3) Where a company in which a Director and/or his associate(s) holds five (5) per cent. or more is/are materially interested in a transaction, then that Director and/or his associate(s) shall also be deemed materially interested in such transaction. (4) 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 his associate(s) 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 and/or his associate(s) 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

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20 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. ; (jj) deleting Bye-Law 99(A) in its entirety and substituting therefor by the following new Bye-Law 99(A): 99. (A) At each annual general meeting one-third of the Directors for the time being, or, if their number is not three or a multiple of three, then the number nearest one-third, shall retire from office by rotation provided that no Director holding office as Chairman or Managing Director shall be subject to retirement by rotation or be taken into account in determining the number of Directors to retire. The Directors to retire in every year shall be those who have been longest in office since their last election but as between persons who became Directors on the same day those to retire shall (unless they otherwise agree between themselves) be determined by lot. The retiring Directors shall be eligible for re-election. ; (kk) deleting the words at least seven days before the date of the general meeting at the end of Bye-Law 103 and substituting therefor by the following: provided that the minimum length of the period, during which such notice(s) are given, shall be at least seven (7) days and that the period for lodgment of such notice(s) shall commence no earlier than the day after the dispatch of the notice of the general meeting appointed for such election and end no later than seven (7) days prior to the date of such general meeting. ; (ll) adding to the first line of the second paragraph of Bye-Law 104 after the words Provided that notice of such meeting shall the following words contain a statement of the intention so to do and ; (mm) deleting Bye-Law 119 in its entirety and substituting therefor by the following new Bye-Law 119: 119 The Board shall from time to time elect or otherwise appoint a direct to be Chairman and may also, but shall not be required to, elect any Deputy Chairman (or two or more Deputy-Chairmen) or a President or Vice-President (or two or more Vice-Presidents) and determine the period for which each of them is to hold office. The Chairman or, in his absence, the Deputy Chairman shall preside at the meetings of the Board, but if no such Chairman or Deputy Chairman be elected or appointed, or if at any meeting the Chairman or Deputy Chairman is not present within five minutes after the time appointed for holding the same, the Directors present shall choose one of their number to be Chairman of such meeting. All the provisions of Bye-Laws 112, 113 and 114 shall mutatis mutandis apply to any Director elected or otherwise appointed to any office in accordance with the provisions of this Bye-Law. ; (nn) deleting the word The at the beginning of Bye-Law 162(A) and substituting therefor by the words Subject to Section 88 of the Companies Act and Bye-Law 162(C), the ;

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22 (oo) (pp) deleting the word Every at the beginning of Bye-Law 162(B) and substituting therefor by the words Subject to Section 88 of the Companies Act and Bye-Law 162(C), every ; adding the following new Bye-Laws 162(C) and 162(D) immediately after Bye-Law 162(B): (C) (D) To the extent permitted by and subject to due compliance with all applicable Statutes, rules and regulations, including, without limitation, the rules of the stock exchange in Hong Kong, and to obtaining all necessary consents, if any, required thereunder, the requirements of Bye-law 162(A) and (B) shall be deemed satisfied in relation to any person by sending to the person in any manner not prohibited by the Statutes, a summary financial statement 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 a summary financial statement, a complete printed copy of the Company s annual financial statement and the directors report thereon. The requirement to send to a person referred to in Bye-law 162(A) and (B) the documents referred to in that provision or a summary financial report in accordance with Bye-law 162(C) shall be deemed satisfied where, in accordance with all applicable Statutes, rules and regulations, including, without limitation, the rules of the stock exchange in Hong Kong, the Company publishes copies of the documents referred to in Bye-law 162(A) and (B) and, if applicable, a summary financial report complying with Bye-law 162(C), on the Company s computer network or in any other permitted manner (including by sending any form of electronic communication), and that person has agreed or is deemed to have agreed to treat the publication or receipt of such documents in such manner as discharging the Company s obligation to send to him a copy of such documents. ; (qq) deleting Bye-Law 165 in its entirety and substituting therefor by the following new Bye-Law 165: 165. A person other than a retiring Auditor shall not be capable of being appointed Auditor at an annual general meeting unless notice of an intention to nominate that person to the office of Auditor has been given to the Company not less than twenty-one days before the annual general meeting, and the Company shall send a copy of any such notice to the retiring Auditor and shall give notice therefor to the members not less than seven days before the annual general meeting provided that the above requirements may be waived by notice in writing by the retiring Auditor to the Secretary. ; (rr) deleting Bye-Law 167 in its entirety and substituting therefor by the following new Bye-Law 167: 167 Any notice or document (including any corporate communication within the meaning ascribed thereto under the rules of the Designated Stock Exchange), whether or not, to be given or issued under these Bye-laws from the Company to a member shall be in writing or by cable, telex or facsimile transmission

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24 message or other form of electronic transmission or communication and any such notice and document may be served or delivered by the Company on or to any member either personally or 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 or, as the case may be, by transmitting it to any such address or transmitting it to any telex or facsimile transmission number or electronic number or address or website supplied by him to the Company for the giving of notice to him or which the person transmitting the notice reasonably and bona fide believes at the relevant time will result in the notice being duly received by the member or may also be served by advertisement in appointed newspapers (as defined in the Companies Act) or in newspapers published daily and circulating generally in the territory of and in accordance with the requirements of the stock exchange in Hong Kong or, to the extent permitted by the applicable laws, by placing it on the Company s website and giving to the member a notice stating that the notice or other document is available there (a notice of availability ). The notice of availability may be given to the member by any of the means set out above. 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. ; (ss) deleting Bye-Law 169 in its entirety and substituting therefor by the following new Bye-Law 169: 169. Any notice or other document: (a) (b) (c) 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; 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 placed on the Company s website is deemed given by the Company to a member on the day following that on which a notice of availability is deemed served on the member; if served or delivered in any other manner contemplated by these Byelaws, 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, transmission or publication; 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 fact and time of such service, delivery, despatch, transmission or publication shall be conclusive evidence thereof; and

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26 (d) may be given to a member either in the English language or the Chinese language, subject to due compliance with all applicable Statutes, rules and regulations. ; (tt) adding to the end of Bye-Law 173 the following: For the purposes of these Bye-laws, a cable or telex or 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. ; (uu) deleting Bye-Law 180(iii) and (iv) in their entirety and substituting therefor by the following new Bye-Law 180(iii): (iii) the Company, if so required by the rules governing the listing of shares on the stock exchange in Hong Kong, has given notice to, and caused advertisement in newspapers in accordance with the requirements of, the stock exchange in Hong Kong to be made of its intention to sell such shares in the manner required by the stock exchange in Hong Kong, and a period of three (3) months or such shorter period as may be allowed by the stock exchange in Hong Kong has elapsed since the date of such advertisement. ; (vv) deleting the word six in the third line of paragraph (c) of Bye-Law 181 and substituting therefor by the word seven, deleting the word six in the third line of paragraph (d) and substituting therefor the word seven and adding to the second line of the paragraph beginning with the words and it shall conclusively after the word that the following: every entry in the register purporting to be made on the basis of any such documents so destroyed was duly and properly made and ; (ww) deleting Bye-Law 182 in its entirety and substituting therefor by the following: 182. Deleted. ; and THAT any director of the Company be and is hereby authorised to take such further action as he/she may, in his/her sole and absolute discretion, think fit for and on behalf of the Company to implement the aforesaid amendments to the existing Bye-Laws. Dated this 30th day of August, 2004 Choo Yeow Ming Chairman of the Meeting

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28 Registration No. : F5357 THE COMPANIES ORDINANCE (CHAPTER 32) RESOLUTION OF CAPITAL STRATEGIC INVESTMENT LIMITED Passed on the 30th day of August, 2004 At the Special General Meeting of the Shareholders of the abovenamed Company duly convened and held at Board Room, 7/F., The Dynasty Club Limited, South West Tower, Convention Plaza, 1 Harbour Road, Wanchai, Hong Kong on Monday, 30th August, 2004 at 9:45 a.m., the following resolution was duly passed : ORDINARY RESOLUTION THAT, conditional upon the Listing Committee of The Stock Exchange Hong Kong Limited approving the listing of, and granting the permission to deal in, shares of HK$0.01 each in the issued share capital of the Company upon the Share Consolidation (as defined below) becoming effective, every four (4) existing issued and unissued shares of HK$0.01 each be consolidated into one (1) share of HK$0.04 each in the share capital of the Company (the Share Consolidation ) and the directors of the Company be and are hereby authorised generally to do all such acts and things as they shall, in their absolute discretion, deem appropriate to effect and implement the Share Consolidation. Dated this 30th day of August, 2004 Choo Yeow Ming Chairman of the Meeting

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30 Registration No: F5357 THE COMPANIES ORDINANCE (CHAPTER 32) RESOLUTION OF CAPITAL STRATEGIC INVESTMENT LIMITED Passed on the 26th day of August 2002 At the Special General Meeting of Shareholders of the abovenamed Company duly convened and held at Board Room, 7/F., The Dynasty Club Limited, South West Tower, Convention Plaza, 1 Harbour Road, Wanchai, Hong Kong on Monday, 26th August 2002 at 10:45 a.m., the following resolution was duly passed: SPECIAL RESOLUTION THAT with effect from 9:30 a.m. (Hong Kong Time) on the next business day (not being a Saturday) after the day on which this resolution is duly passed (the Effective Date ) and conditional upon the Stock Exchange of Hong Kong Limited granting the listing of, and permission to deal in, the shares in the Company resulting from the Capital Reduction (as defined below): (a) (b) (c) the issued share capital of the Company be and is hereby reduced by cancelling paid up capital to the extent of HK$0.09 on each share of HK$0.10 each in the capital of the Company in issue on the Effective Date such that each issued share in the capital of the Company will be treated as one fully paid up ordinary share of HK$0.01 each in the capital of the Company (the Reduced Shares ) and any liability of the holders of the Reduced Shares to make any further contribution to the capital of the Company on each such Reduced Share shall be treated as satisfied (the Capital Reduction ); all of the authorised but unissued share capital of the Company (which shall include the authorised but unissued share capital resulting from the Capital Reduction) be and is hereby cancelled (the Diminution ) and, forthwith upon the Diminution taking place, the authorised share capital of the Company be increased to its original authorised share capital of HK$180,000,000 by the creation of additional shares of HK$0.01 each; the entire amount of HK$464,823,000 standing to the credit of the share premium account of the Company as at 31st March 2002 be and is hereby cancelled (the Share Premium Reduction );

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32 (d) (e) the credit arising from the Capital Reduction and the Share Premium Reduction be transferred to the contributed surplus account of the Company and, further, the Directors be and are hereby authorized to apply the sums standing to the credit of the contributed surplus account of the Company in accordance with all applicable laws and its bye-laws, including to apply a sum of HK$304,306,000 from such contributed surplus account towards the elimination of the accumulated losses of the Company as at 31st March 2002; and any director of the Company be and is hereby authorised to do all acts and things which in his opinion are necessary to effect and implement any of the foregoing. (Sd.) Choo Yeow Ming Choo Yeow Ming Chairman of the Meeting Dated this 26th day of August 2002

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34 Registration No: F5357 THE COMPANIES ORDINANCE (CHAPTER 32) RESOLUTIONS OF CAPITAL STRATEGIC INVESTMENT LIMITED Passed on the 26th day of August 2002 At the Special General Meeting of the Shareholders of the abovenamed Company duly convened and held at Board Room, 7/F., The Dynasty Club Limited, South West Tower, Convention Plaza, 1 Harbour Road, Wanchai, Hong Kong on Monday, 26th August 2002 at 10:30 a.m., the following resolutions were duly passed: ORDINARY RESOLUTIONS 1. THAT subject to and conditional upon the Listing Committee of The Stock Exchange of Hong Kong Limited (the Stock Exchange ) granting the listing of, and permission to deal in, the ordinary shares in the capital of the Company (the Shares ) or any part thereof to be issued pursuant to the exercise of any options that may be granted under the share option scheme of the Company (the New Share Option Scheme, the rules of which are contained in the document marked A produced to the meeting and for the purposes of identification signed by the chairman of the meeting), the New Share Option Scheme be and is hereby approved and adopted and the directors of the Company (the Directors ) be and are hereby authorised to do all such acts and to enter into all such transactions, arrangements and agreements as may be necessary or expedient in order to give full effect to the New Share Option Scheme including without limitation: (a) (b) (c) administering the New Share Option Scheme; modifying and/or amending the New Share Option Scheme from time to time provided that such modification and/or amendment is effected in accordance with the provisions of the New Share Option Scheme relating to modification and/or amendment and the requirements of the Rules Governing the Listing of Securities on the Stock Exchange; granting options under the New Share Option Scheme and issuing and allotting from time to time such number of Shares in the capital of the Company as may be required to be issued pursuant to the exercise of the options granted under the New Share Option Scheme provided that the total number of Shares which may be issued upon exercise of all options to be granted under the New Share Option Scheme and any other outstanding share option schemes of the Company (excluding those options that have already been granted by the Company prior to the date of passing of this resolution) shall not exceed ten (10) per cent. of the Shares in issue as at the date of passing this resolution; and

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36 (d) making application at the appropriate time or times to the Stock Exchange for the listing of, and permission to deal in, any Shares or any part thereof that may hereafter from time to time be issued and allotted pursuant to the exercise of the options granted under the New Share Option Scheme. 2. THAT: (a) (b) (c) (d) subject to paragraph (c) below, the exercise by the Directors during the Relevant Period (as hereinafter defined) of all powers of the Company to allot, issue and deal with additional Shares and to make or grant offers, agreements and options (including warrants, bonds, debentures, notes and other securities which carry rights to subscribe for or are convertible into Shares) which would or might require the exercise of such powers be and is hereby generally and unconditionally approved; the approval in paragraph (a) above, shall authorise the Directors during the Relevant Period to make and grant offers, agreements and options (including warrant, bonds, debentures, notes and other securities which carry rights to subscribe for or are convertible into Shares) which would or might require the exercise of such powers after the end of the Relevant Period; the aggregate nominal amount of share capital allotted or agreed conditionally or unconditionally to be allotted (whether pursuant to an option or otherwise) by the Directors pursuant to the approval in paragraph (a) above, otherwise than pursuant to (i) a Rights Issue (as hereinafter defined); or (ii) the exercise of rights of subscription or conversion under the terms of any existing warrants, bonds, debentures, notes and other securities of the Company; or (iii) the exercise of options granted under any share option scheme or any similar arrangement for the time being adopted for the grant or issue to eligible persons prescribed thereunder of Shares or rights to acquire Shares; or (iv) any scrip dividend or similar arrangement providing for the allotment of Shares in lieu of the whole or part of a dividend on Shares in accordance with the bye-laws of the Company, shall not exceed twenty (20) per cent. of the aggregate nominal amount of the issued share capital of the Company as at the date of passing this resolution, and the said approval shall be limited accordingly; and for the purposes of this resolution: Relevant Period means the period from the passing of this resolution until whichever is the earliest of: (i) (ii) (iii) the conclusion of the next annual general meeting of the Company; the expiration of the period within which the next annual general meeting of the Company is required by the bye-laws of the Company or any applicable laws of Bermuda to be held; and the date on which the authority set out in this resolution is revoked or varied by an ordinary resolution of the shareholders of the Company in general meeting; and

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38 3. THAT: Rights Issue means an offer of Shares or issue of options, warrants or other securities giving the right to subscribe for Shares open for a period fixed by the Directors to holders of Shares whose names appear in the register of members of the Company (and, where appropriate, to holders of other securities of the Company entitled to the offer) on a fixed record date in proportion to their then holdings of such Shares or, where appropriate, such other securities (subject in all cases to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements or having regard to any legal or practical restrictions or obligations under the laws of, or the requirements of any recognised regulatory body or any stock exchange in, any territory outside Hong Kong). (a) (b) (c) subject to paragraph (b) below, the exercise by the Directors during the Relevant Period (as hereinafter defined) of all powers of the Company to purchase the Shares on the Stock Exchange or on any other stock exchange on which the Shares may be listed and recognised by the Securities and Futures Commission of Hong Kong and the Stock Exchange for this purpose, subject to and in accordance with all applicable laws and the requirements of the Rules Governing the Listing of Securities on the Stock Exchange or of any other stock exchange as amended from time to time, be and is hereby generally and unconditionally approved; the aggregate nominal amount of the Shares which the Company is authorised to purchase pursuant to the approval in paragraph (a) above shall not exceed ten (10) per cent. of the aggregate nominal amount of the share capital of the Company in issue at the date of passing this resolution and the said approval be limited accordingly; and for the purposes of this resolution: Relevant Period means the period from the passing of this resolution until whichever is the earliest of: (i) (ii) (iii) the conclusion of the next annual general meeting of the Company; the expiration of the period within which the next annual general meeting of the Company is required by the bye-laws of the Company or any applicable laws of Bermuda to be held; and the date on which the authority set out in this resolution is revoked or varied by an ordinary resolution of the shareholders of the Company in general meeting. 4. THAT subject to the passing of resolution nos. 2 and 3 set out in the notice of this meeting, the aggregate nominal amount of Shares which are to be purchased by the Company pursuant to the authority granted to the Directors as mentioned in resolution no. 3 set out in the notice of this meeting shall be added to the aggregate nominal amount of share capital that may be allotted or agreed to be allotted by the Directors pursuant to resolution no. 2 set out in the notice of this meeting. Date this 26th day of August 2002 (Sd.) Choo Yeow Ming Choo Yeow Ming Chairman of the Meeing

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40 i Company No. F-5357 DCP HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) SPECIAL RESOLUTION Passed on 12th February 2001 At a Special General Meeting of the Company duly convened and held at Victoriana Room, 4th Floor, Hotel Furama Hong Kong, 1 Connaught Road, Central, Hong Kong on Monday, 12th February 2001 at 9:30 a.m., the following resolution was duly passed as a special resolution: SPECIAL RESOLUTION THAT, conditional upon the approval of the Registrar of Companies in Bermuda being obtained, the name of the Company be changed to Capital Strategic Investment Limited. Dated 12th February 2001 (Sd.) Choo Yeow Ming Choo Yeow Ming (Chairman)

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42 i Company No. F-5357 DCP HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) ORDINARY RESOLUTION Passed on 12th February 2001 At a Special General Meeting of the Company duly convened and held at Victoriana Room, 4th Floor, Hotel Furama Hong Kong, 1 Connaught Road, Central, Hong Kong on Monday, 12th February 2001 at 9:30 a.m., the following resolution was duly passed as an ordinary resolution: ORDINARY RESOLUTION THAT the authorized share capital of the Company be and is hereby increased from HK$100,000,000 to HK$180,000,000 by the creation of 800,000,000 additional shares of HK0.10 each. Dated 12th February 2001 (Sd.) Choo Yeow Ming Choo Yeow Ming (Chairman)