Suncorp Technologies : (1) PROPOSED SHARE CONSOLIDATION; AND (2) NOTICE OF SPECIAL GENERAL MEETING

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

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

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

The circular is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities.

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

SunCorp Technologies Limited

(Incorporated in Bermuda with limited liability)

(Stock Code: 1063)

1. PROPOSED SHARE CONSOLIDATION; AND
2. NOTICE OF SPECIAL GENERAL MEETING

Capitalised terms used in this cover page shall have the same meaning as those defined in this circular.

A notice convening the SGM to be held at Portion 2, 12/F, The Center, 99 Queen's Road Central, Central, Hong Kong on Tuesday, 24 March 2020 at 11:00 a.m. is set out on pages 12 to 13 of this circular. A proxy form for use at the SGM is enclosed with this circular. Whether or not you are able to attend the meeting in person, you are requested to complete the proxy form in accordance with the instructions printed thereon and return the same to the Company's share registrar, Tricor Secretaries Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong as soon as possible but in any event not less than 48 hours before the time appointed for holding the SGM or any adjournment thereof. Completion and return of the proxy form will not preclude you from attending and voting in person at the SGM or any adjournment thereof should you so wish and in such event, the instrument appointing a proxy shall be deemed to be revoked.

6 March 2020

CONTENTS

Page

DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

EXPECTED TIMETABLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

LETTER FROM THE BOARD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

NOTICE OF SGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

- i -

DEFINITIONS

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

''Board''	the board of Directors
''Business Day(s)''	any day (excluding a Saturday, Sunday and public holiday)
	on which licensed banks are generally open for business in
	Hong Kong throughout their normal business hour
''Bye-laws''	the bye-laws of the Company as amended, supplemented or
	modified from time to time
''CCASS''	the Central Clearing and Settlement System established
	and operated by HKSCC
''CCASS Operational Procedures''	the Operational Procedures of HKSCC in relation to
	CCASS, containing the practices, procedures and
	administrative requirements relating to operations and
	functions of CCASS, as from time to time
''Company''	SunCorp Technologies Limited, a company incorporated in
	Bermuda with limited liability whose shares are listed on
	the Stock Exchange
''Consolidated Share(s)''	ordinary share(s) of par value of HK$0.006 each in the
	share capital of the Company immediately after the Share
	Consolidation becoming effective
''Director(s)''	the director(s) of the Company
''Existing Share(s)''	ordinary share(s) of HK$0.0003 each in the share capital
	of the Company before the Share Consolidation becoming
	effective
''General Rules of CCASS''	the terms and conditions regulating the use of CCASS, as
	may be amended or modified from time to time and where
	the context so permits, shall include the CCASS
	Operational Procedures
''HK$''	Hong Kong dollar, the lawful currency of Hong Kong
''HKSCC''	the Hong Kong Securities Clearing Company Limited
''Hong Kong''	Hong Kong Special Administrative Region of the People's
	Republic of China

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DEFINITIONS

''Latest Practicable Date''	2 March 2020, being the latest practicable date prior to the
	printing of this circular for the purpose of ascertaining
	certain information in this circular
''Listing Committee''	has the meaning ascribed thereto under the Listing Rules
''Listing Rules''	the Rules Governing the Listing of Securities on the Stock
	Exchange
''SGM''	the special general meeting of the Company to be
	convened to consider and, if thought fit, approving the
	proposed Share Consolidation and re-election of Director
''Share(s)''	Existing Share(s) and/or Consolidated Share(s), as the case
	maybe
''Share Consolidation''	the proposed consolidation of every twenty (20) issued and
	unissued Shares into one (1) Consolidated Share
''Share Option Scheme''	the share option scheme adopted by the Company on
	4 May 2012
''Shareholder(s)''	holder(s) of the Existing Share(s) or the Consolidated
	Share(s), as the case may be
''Stock Exchange''	The Stock Exchange of Hong Kong Limited

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EXPECTED TIMETABLE

Set out below is the expected in relation to the Share Consolidation and the associated trading arrangement:

Last time for lodging transfers of Existing Shares in order

to qualify for the attendance and voting at the SGM . . . . . . . . . . 4:30 p.m. on Wednesday, 18 March 2020

Register of members closes to determine the qualification

for the attendance and voting at the SGM . . . . . . . . . . . . . . . Thursday, 19 March 2020 to Tuesday, 24 March 2020 (both days inclusive)

Latest date and time for lodging the proxy form for the SGM . . . . . . . . 11:00 a.m. on Sunday, 22 March 2020

Date and time of the SGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11:00 a.m. on Tuesday, 24 March 2020

Publication of the announcement of results of the SGM . . . . . . . . . . Tuesday, 24 March 2020

The following events are conditional upon the fulfilment of the conditions for the implementation of the Share Consolidation as set out in the section headed ''Conditions of the Share Consolidation'' of this circular.

Effective date of the Share Consolidation . . . . . . . . . . . . . . . . . .

Thursday, 26 March 2020

First day of free exchange of existing share certificates

for new share certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . Thursday, 26 March 2020

Dealings in Consolidated Shares commence . . . . . . . . . . . . . . . . . . 9:00 a.m. on Thursday, 26 March 2020

Original counter for trading in Existing Shares in board lots of 10,000 Shares (in the form of

existing share certificates) temporarily closes . . . . . . . . . . . . . . . 9:00 a.m. on Thursday, 26 March 2020

Temporary counter for trading in Consolidated Shares in board lots of 500 Consolidated Shares (in the form of

existing share certificates) opens . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Thursday, 26 March 2020

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EXPECTED TIMETABLE

Original counter for trading in Consolidated Shares in board lots of 10,000 Consolidated Shares

(in the form of new share certificates) re-opens . . . . . . . . . . . . . . 9:00 a.m. on Thursday, 9 April 2020

Parallel trading in Consolidated Shares

(in the form of existing share certificates and

new share certificates) commences . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Thursday, 9 April 2020

Designated broker starts to stand in the market to
provide matching services for odd lots of
Consolidated Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	9:00 a.m. on Thursday,
	9 April 2020

Temporary counter for trading in Consolidated Shares in board lots of 500 Consolidated Shares

(in the form of existing share certificates) closes . . . . . . . . . . . . . . 4:10 p.m. on Tuesday, 5 May 2020

Parallel trading in Consolidated Shares (in the form of

existing share certificates and new share certificates) ends . . . . . . . . 4:10 p.m. on Tuesday, 5 May 2020

Designated broker ceases to stand in the market to provide

matching services for odd lots of Consolidated Shares . . . . . . . . . . . 4:10 p.m. on Tuesday, 5 May 2020

Last day for free exchange of existing share certificates for

new share certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Thursday, 7 May 2020

All times and dates specified in the timetable above refer to Hong Kong times and dates. This timetable is indicative only and any subsequent changes to the expected timetable will be announced by the Company.

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LETTER FROM THE BOARD

SunCorp Technologies Limited

(Incorporated in Bermuda with limited liability)

(Stock Code: 1063)

Executive Directors:	Registered office:
Mr. Malcolm Stephen JACOBS-PATON	Clarendon House
Mr. Zhu Yuqi	2 Church Street
	Hamilton HM 11
Independent non-executive Directors:	Bermuda
Ms. Lu Bei Lin
Mr. Man Yuan	Head office and principal place of
Mr. Ma Kin Ling	business in Hong Kong:
	Unit 1201-05, 12/F,
	China Resources Building,
	26 Harbour Road, Wanchai,
	Hong Kong
	6 March 2020
To the Shareholders
Dear Sir or Madam,

1. PROPOSED SHARE CONSOLIDATION; AND
2. NOTICE OF SPECIAL GENERAL MEETING

INTRODUCTION

As disclosed in the announcement of the Company dated 24 February 2020, the Board proposes to put forward a proposal to the Shareholders to effect the Share Consolidation on the basis that every twenty (20) issued and unissued Existing Shares of HK$0.0003 each be consolidated into one (1) Consolidated Share of HK$0.006 each.

The purpose of this circular is to provide you with information regarding, among other things, details of (a) the Share Consolidation; and (b) the notice of SGM.

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LETTER FROM THE BOARD

SHARE CONSOLIDATION

The Company proposes to implement the Share Consolidation by consolidating every twenty (20) issued and unissued Shares of HK$0.0003 each in the share capital of the Company into one (1) Consolidated Share of HK$0.006 each.

Effects of the Share Consolidation

As at the Latest Practicable Date, the authorised share capital of the Company is HK$600,000,000 divided into 2,000,000,000,000 Shares of HK$0.0003 each, of which 15,215,731,320 Shares had been allotted and issued as fully paid or credited as fully paid. Upon the Share Consolidation becoming effective, on the basis that the Company does not allot, issue or repurchase any Shares prior thereto, the authorised share capital of the Company will be HK$600,000,000 divided into 100,000,000,000 Consolidated Shares of HK$0.006 each, of which 760,786,566 Consolidated Shares will be in issue which are fully paid or credited as fully paid.

As at the Latest Practicable Date, there are outstanding options granted under the Share Option Scheme to subscribe for 1,782,420,000 new Existing Shares at exercise prices ranging from HK$0.0236 to HK$0.178 per Existing Share. The Directors will determine according to the rules of the Share Option Scheme the adjustments (if any) required to be made in respect of the outstanding options as a result of the Share Consolidation. The Company will make further announcement(s) about such adjustment(s) as and when appropriate.

Save for the above, the Company has no other outstanding convertible securities, options or warrants in issue which confer any right to subscribe for, convert or exchange into Shares as at the Latest Practicable Date.

All Consolidated Shares will rank pari passu with each other in all respects and the rights attached to the Consolidated Shares will not be affected by the Share Consolidation.

Other than the expenses to be incurred in relation to the Share Consolidation, the implementation thereof will not alter the underlying assets, business operations, management or financial position of the Company or the interests or rights of the Shareholders, save for any fractional Consolidated Shares to which the Shareholders may be entitled.

Conditions of the Share Consolidation

The Share Consolidation is conditional upon:

1. the passing by the Shareholders of an ordinary resolution to approve the Share Consolidation at the SGM;

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LETTER FROM THE BOARD

1. the compliance with all relevant procedures and requirements under the Bermuda laws (where applicable) to effect the Share Consolidation; and
2. the Listing Committee of the Stock Exchange granting the listing of, and permission to deal in, the Consolidated Shares upon the Share Consolidation becoming effective.

As at the Latest Practicable Date, none of the conditions above had been fulfilled.

Subject to the fulfillment of the above conditions, the Share Consolidation will become effective on Thursday, 26 March 2020, which is the second Business Day immediately following the date of SGM on which the Shares are traded on the Stock Exchange.

Listing application

Application will be made to the Stock Exchange for the listing of, and permission to deal in, the Consolidated Shares to be issued upon the Share Consolidation becoming effective.

Subject to the granting of the listing of, and permission to deal in, the Consolidated Shares on the Stock Exchange, the Consolidated Shares on the Stock Exchange upon the Share Consolidation becoming effective, as well as compliance with the stock admission requirements of the HKSCC, the Consolidated Shares will be accepted as eligible securities by HKSCC for deposit, clearance and settlement in CCASS with effect from the commencement date of dealings in the Consolidated Shares on the Stock Exchange or such other date as determined by HKSCC. Settlement of transactions between participants of the Stock Exchange on any trading day is required to take place in CCASS on the second trading day thereafter. All activities under CCASS are subject to the General Rules of CCASS and CCASS Operational Procedures in effect from time to time. All necessary arrangements will be made for the Consolidated Shares to be admitted into CCASS established and operated by HKSCC.

None of the Shares are listed or dealt in on any other stock exchange other than the Stock Exchange, and at the time the Share Consolidation becomes effective, the Consolidated Shares in issue will not be listed or dealt in on any stock exchange other than the Stock Exchange, and no such listing or permission to deal is being or is proposed to be sought.

Fractional Consolidated Shares

Fractional Consolidated Shares (if any) arising from the Share Consolidation will not be issued to the Shareholders otherwise entitled thereto but will be aggregated and sold if possible, for the benefit of the Company. Fractional Consolidated Shares will only arise in respect of the entire shareholding of a holder of the Shares regardless of the number of existing share certificates held by such holder.

- 7 -

LETTER FROM THE BOARD

Closure of register of members

For the purpose of determining Shareholders who are qualified for attending the SGM, the register of members of the Company will be closed from Thursday, 19 March 2020 to Tuesday, 24 March 2020 (both days inclusive), during which period no transfer of the Shares will be in effect. In order to qualify for attending the SGM or any adjournment thereof, all share transfers accompanied by the relevant share certificates must be lodged with the Registrar, Tricor Secretaries Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong by no later than 4:30 p.m. on Wednesday, 18 March 2020.

OTHER ARRANGEMENTS

Exchange of share certificates

Subject to the Share Consolidation becoming effective, which is expected to be on 26 March 2020, the Shareholders may, during a period between 26 March 2020 and 7 May 2020 (both dates inclusive), submit existing share certificates for the Shares, which are in purple colour, to the Hong Kong branch share registrar of the Company, Tricor Secretaries Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong, to exchange, at the expense of the Company, for new share certificates for the Consolidated Shares, which will be in green colour. It is expected that new share certificates for the Consolidated Shares will be available for collection within 10 business days from the date of submission for the exchange. Thereafter, the existing share certificates for the Shares will be accepted for exchange only on payment of a fee of HK$2.50 (or such higher amount as may be from time to time be specified by the Stock Exchange) for each new share certificate for the Consolidated Shares to be issued or each existing share certificate for the Shares cancelled, whichever the number of certificates issued or cancelled is higher.

Nevertheless, the existing share certificates for the Shares will continue to be good evidence of legal title and may be exchanged for new share certificates for the Consolidated Shares at any time but will not be accepted for trading, settlement and registration upon completion of the Share Consolidation.

- 8 -

LETTER FROM THE BOARD

Odd lots arrangement and matching services

In order to facilitate the trading of odd lots of the Consolidated Shares (if any) arising from the Share Consolidation, the Company has appointed China Prospect Securities Limited to stand in the market to provide matching services regarding the sale and purchase of the odd lots of the Consolidated Shares at the relevant market price per Consolidated Share, on a best effort basis, to those Shareholders who wish to acquire odd lots of the Consolidated Shares to make up a full board lot, or to dispose of their holding of odd lots of Consolidated Shares, from 9:00 a.m. on Thursday, 9 April 2020 to 4:10 p.m. on Tuesday, 5 May 2020 (both dates inclusive). Holders of odd lots of the Consolidated Shares may contact Mr. Chris Li of China Prospect Securities Limited at Unit 1113A & 1115, 11/F., Cosco Tower, 183 Queen's Road Central, Hong Kong at (852)38991600 during office hours in the aforesaid period.

Holders of odd lots of the Consolidated Shares should note that successful matching of the sale and purchase of odd lots of the Consolidated Shares is not guaranteed. If any Shareholder is in doubt about the odd lot trading arrangements, such Shareholder should consult his/her/its own professional advisers.

REASONS FOR THE SHARE CONSOLIDATION

The Share Consolidation will increase the nominal value of the Shares and will reduce the total number of Shares currently in issue. As such, it is expected that the Share Consolidation will bring about a corresponding upward adjustment in the trading price of the Shares. The Company believes that the adjusted Share price of the Company upon completion of the Share Consolidation will enhance its corporate image and make investing in the Consolidated Shares more attractive to a broader range of institutional and professional investors to support its ongoing and long-term financing activities and business development.

Pursuant to Rule 13.64 of the Listing Rules, where the market price of the securities of an issuer approaches the extremities of HK$0.01 or HK$9,995, the issuer may be required either to change the trading method or to proceed with a consolidation or splitting of its securities. It is further stated in the ''Guide on Trading Arrangements for Selected Types of Corporate Actions'' issued by Hong Kong Exchanges and Clearing Limited on 28 November 2008 and last updated on 30 August 2019 that (i) the market price of the shares at a level less than HK$0.10 will be considered as approaching the extremities of HK$0.01 as referred to under Rule 13.64 of the Listing Rules; and (ii) taking into account the minimum transaction costs for a securities trade, the expected board lot value should be greater than HK$2,000. In view of the recent trading price of the Shares, the Board considers that the Share Consolidation, resulting in HK$0.20 per Consolidated Share and expected value of HK$2,000 per board lot (based on the closing price of HK$0.01 per Existing Share as at the Latest Practicable Date), will enable the Company to comply with the trading requirements under the Listing Rules. Furthermore, as the theoretical market value of each board lot of the Consolidated Shares upon the Share Consolidation becoming effective will be higher than the market value of each existing board lot of the Existing Shares, the transaction cost as a proportion of the market value of each board lot will be lower.

- 9 -

LETTER FROM THE BOARD

Accordingly, the Board is of the view that the Share Consolidation is fair and reasonable and beneficial to and in the interest of the Company and the Shareholders as a whole.

Up to the Latest Practicable Date, the Company does not have any plan or intention (initial or concrete) or otherwise foresee to undertake in the next 12 months any (a) equity fundraising or (b) other corporate action or arrangement that may affect the trading in the Shares.

GENERAL

A notice convening the SGM to be held at Portion 2, 12/F, The Center, 99 Queen's Road Central, Central, Hong Kong on Tuesday, 24 March 2020 at 11:00 a.m. is set out on pages 12 to 13 of this circular. A proxy form for use at the SGM is enclosed with this circular. Such form of proxy is also published on the websites of the Stock Exchange (www.hkexnews.hk) and the Company (www.suncorptech.com.hk).

Whether or not you are able to attend the SGM, please complete and sign the accompanying form of proxy in accordance with the instructions printed thereon and return it to the branch share registrar of the Company in Hong Kong, Tricor Secretaries Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong as soon as possible but in any event not less than 48 hours before the time appointed for the holding of the SGM or any adjournment thereof. Completion and return of the form of proxy will not preclude shareholders from attending and voting in person at the meeting if they so wish and, in such event, the form of proxy shall be deemed to be revoked.

The resolutions proposed to be approved at the SGM will be taken by poll and an announcement will be made by the Company after the SGM on the results of the SGM.

The SGM will be convened and held for the Shareholders to consider and, if thought fit, approve the Share Consolidation. To the best of the Directors' knowledge, information and belief having made all reasonable enquiries, no Shareholder is required to abstain from voting on the resolution(s) in relation to the Share Consolidation at the SGM.

Shareholders and potential investors should note that the Share Consolidation is conditional upon satisfaction of the conditions set out in the paragraph headed ''Conditions of the Share Consolidation'' in this circular. Accordingly, the Share Consolidation may or may not proceed. Shareholders and potential investors are advised to exercise caution when dealing in the Shares, and if they are in any doubt about their position, they should consult their professional advisers.

The English text of this circular shall prevail over the Chinese text for the purpose of interpretation.

- 10 -

LETTER FROM THE BOARD

RESPONSIBILITY STATEMENT

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

RECOMMENDATION

The Directors are of the opinion that the Share Consolidation is in the interests of the Company and the Shareholders as a whole. Accordingly, the Directors recommend the Shareholders to vote in favour of all the relevant resolutions to be proposed in the SGM.

By order of the Board

SunCorp Technologies Limited

Zhu Yuqi

Executive Director

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NOTICE OF SGM

SunCorp Technologies Limited

(Incorporated in Bermuda with limited liability)

(Stock Code: 1063)

NOTICE OF SPECIAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that a special general meeting (the ''SGM'') of SunCorp Technologies Limited (the ''Company'') will be held at Portion 2, 12/F, The Center, 99 Queen's Road Central, Central, Hong Kong on Tuesday, 24 March 2020 at 11:00 a.m. for the purpose of considering and if thought fit, passing, with or without modifications, the following resolutions which will be proposed as ordinary resolutions:

ORDINARY RESOLUTION

''THAT subject to and conditional upon, among other things, the granting by The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') the listing of, and permission to deal in, the Consolidated Shares (as defined below) to be in issue upon the Share Consolidation (as defined below) becoming effective:

1. with effect from the second business day immediately following the date on which this resolution is passed, being a day on which shares of the Company are traded on the Stock Exchange, every twenty (20) issued and unissued ordinary shares of HK$0.0003 each in the share capital of the Company be consolidated (the ''Share Consolidation'') into one (1) share of HK$0.006 each (the ''Consolidated Share(s)''), such Consolidated Shares shall rank pari passu in all respects with each other and have the rights and privileges and be subject to the restrictions in respect of ordinary shares contained in the bye-laws of the Company;
2. all fractional Consolidated Shares resulting from the Share Consolidation will be disregarded and will not be issued to holders of the same but all such fractional Consolidated Shares will be aggregated and, if possible, sold and retained for the benefit of the Company in such manner and on such terms as the directors of the Company (the ''Directors'') may think fit;

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NOTICE OF SGM

1. the board of Directors be and is hereby authorised to do all such acts, deeds and things and to sign and execute all such documents, including under seal where applicable, on behalf of the Company, as he may, in his absolute discretion, consider necessary, desirable or expedient to implement and give effect to any or all of the foregoing.''

By order of the Board

SunCorp Technologies Limited

Zhu Yuqi

Executive Director

Hong Kong, 6 March 2020

As at the date of this notice, the executive Directors are Mr. Malcolm Stephen JACOBS- PATON and Mr. Zhu Yuqi and the independent non-executive Directors are Ms. Lu Bei Lin, Mr. Man Yuan and Mr. Ma Kin Ling.

In the case of inconsistency, the English text of this notice shall prevail over the Chinese

text.

Notes:

1. A form of proxy for use at the SGM is enclosed herewith. The instrument appointing a proxy shall be in writing under the hand of the appointor or of his attorney duly authorised in writing or, if the appointor is a corporation, either under its seal or under the hand of any officer or attorney duly authorised.
2. Any shareholder of the Company entitled to attend and vote at the SGM convened by the above notice shall be entitled to appoint another person as his proxy to attend and vote instead of him. A proxy need not be a shareholder of the Company. A shareholder of the Company who is the holder of two or more shares of the Company may appoint more than one proxy to represent him/her/it to attend and vote on his/her/its behalf. If more than one proxy is so appointed, the appointment shall specify the number and class of shares in respect of which each such proxy is so appointed.
3. In order to be valid, the form of proxy, together with the power of attorney or other authority (if any) under which it is signed, or a certified copy of such power of attorney or authority, must be deposited at the Hong Kong branch share registrar of the Company, Tricor Secretaries Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong not less than 48 hours before the time appointed for holding of the above SGM or any adjournment thereof at which the person named in the form of proxy proposes to vote or, in the case of a poll taken subsequently to the date of the SGM or any adjournment thereof, not less than 24 hours before the time appointed for the taking of the poll and in default the form of proxy shall not be treated as valid.
4. Completion and return of the form of proxy will not preclude a shareholder of the Company from attending and voting in person at the SGM convened or at any adjourned meeting (as the case may be) and in such event, the form of proxy will be deemed to be revoked.
5. Where there are joint holders of any share of the Company, any one of such joint holders may vote, either in person or by proxy, in respect of such share as if he/she/it were solely entitled thereto, but if more than one of such joint holders are present at the SGM, whether in person or by proxy, priority shall be determined by the order in which the names stand on the register of members of the Company in respect of the joint holding.

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