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External sources (not reviewed)

The Company may by ordinary resolution, before the issue of any new shares, determine that the same, or any of them, shall be offered in the first instance, and either at par or at a premium, to all the existing holders of any class of shares in proportion as nearly as may be to the number of shares of such class held by them respectively, or make any provisions as to the issue and allotment of such shares, but in default of any such determination or so far as the same shall not extend, such shares may be dealt with as if they formed part of the capital of the Company existing prior to the issue of the same.

[...] [...] redemption reserve fund) asthe Directors [...][...]

[...] [...] may determine, such sumas may be [...][...]

[...] [...] surplus account) and issued in lieu [...][...]

For financial assets measured at amortised cost, if, in a subsequent period, the amount of impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment losses was recognised, the previously recognised impairment loss is reversed through profit or loss to the extent that the carrying amount of the asset at the date the impairment is reversed does not exceed what the amortised cost would have been had the impairment not been recognised.

Any required changes made to the provision for Asset Decommissioning Obligation, shall correspondingly form part of Total Operating Costs in the period of review.

[...] [...] timing of the reversal of the temporary difference is controlled by the Group and it is probable that the temporary difference will not be reversed in the foreseeable future.

(2) Subject to the provisions of the Law, the rules of any Designated Stock Exchange 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.

When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was reported in equity is immediately transferred to the profit and loss account.

[...] [...] any further appropriation is optional [...]

(x) To finance and take part in the flotation and registration of any company or corporation and the placing of its capital or securities or other issues and in particular but so as not to limit the generality of the foregoing to promote or join in the promotion of any subsidiary or other company having objects wholly or in part similar to those of this Company, or whose objects shall include the acquisition and the taking over of all or any of the assets and liabilities of or shall be in any manner calculated to advance directly or indirectly the objects or interests of the Company and to subscribe for, acquire and hold shares, stocks or securities of, and guarantee the payment of any securities issued by any such company.

If, in a subsequent period, the fair value of a debt instrument classified as available-for-sale increases and the increase can be objectively related to an event occurring after the impairment loss was recognised in profit or loss, the impairment loss is reversed through the income statement.

Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing cost capitalised.

Thechangesinclude,butnotlimitedto,(i)introduction oftheoption thatnon-controllinginterests(i.e.existingminority interests)tobemeasuredatfairvalue,(ii)recognition ofprofitorlossarisinginreassessmentofthefairvalue ofacquiree’sinterestsheldimmediatelybefore business combination achieved in stages, (iii) recognition of the cost of acquisition as an expense, (iv) recognition of the changes in fair value of contingent liabilities in profit or loss in the future after initial recognition at fair value on the date of acquisition, and (v) separate accounting treatment between acquirer and acquiree before acquisition.

[...] will be used forfunding of its capital [...][...]

(vii) in the event of a capitalisation of profits or reserves, rights issue, sub-division or consolidation of Shares or reduction of capital of the Company whilst an option remains exercisable or the Pre-IPO Share Option Scheme, the number or nominal amount of Shares to which the Pre-IPO Share Option Scheme or any option relates and/or the subscription price of the option concerned and/or the number of Shares comprised in an option granted under the PreIPO Share Option Scheme is subject to adjustments on terms similar to that of the Share Option Scheme as referred to in paragraph 14 (a)(xxiv) below, except that sub-paragraph (dd) of paragraph 14 (a)(xxiv) is not applicable to the Pre-IPO Share Option Scheme and options granted thereunder.

such excess shall be added to or such deficiency shall be deducted from the Tariff Stabilisation Fund, provided always that in case of a deficiency, the said amount so transferred shall not exceed the balance of the Tariff Stabilisation Fund.

(C) The Directors may do all acts and things considered necessary or expedient to give effect to any capitalisation pursuant to the provisions of paragraph (A) of this Articlewith full power to the Directors to make such provisions as they think 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 shareholders concerned), and no shareholders who will be affected thereby shall be, and they shall be deemed not to be, a separate class of shareholders for any purposes whatsoever.

(H) The Board may by resolution exercise any power conferred by the Ordinance to make provision for the benefit of persons employed or formerly employed by the Company or any of its subsidiaries in connection with the cessation or the transfer to any person of the whole or part of the undertaking of the Company or that subsidiary.

10.1.3 For budget control purpose, the actual expenditure for any individual item may exceed at most 15% of the original budgeted expenditure for that item if this does not result in any increase in the overall total approved project cost and in the total amount of CSI project fundsrequested and that all expenditure follows the relevant requirements set out in this Guide.

However, it should be noted that a large portion of the maintenance expenditure is incurred on historic buildings still in use by relevant government departments and is reflected in the departments’ overall building maintenance vote.