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(Incorporated in Bermuda with limited liability)
(Stock Code: 988)'THAT
the subscription agreement dated 24 August 2015 (as amended by the supplemental agreement dated 11 September 2015) (the 'Subscription Agreement') entered into between the Company and Xinya Global Limited in relation to the subscription of convertible bonds (the 'Convertible Bonds') for an aggregate principal amount of HK$300 million issued by the Company, a copy of the Subscription Agreement having been produced to the SGM and marked 'A' and initialed by the chairman of the SGM for the purpose of identification, and the transactions contemplated thereunder be and are hereby approved, confirmed and ratified;
the directors of the Company be and are hereby granted a specific mandate to exercise powers of the Company to allot and issue such number of shares of the Company as may be required to be allotted and issued upon exercise of the conversion rights attaching to the Convertible Bonds; and
any one or more directors of the Company be and are hereby authorised to sign, execute, perfect, deliver and do all such documents, deeds, acts, matters and things, as the case may be, as they may in their discretion consider necessary desirable or expedient to carry out and implement the Subscription Agreement and the transactions contemplated thereunder into full effect.'
By order of the Board
Loudong General Nice Resources (China) Holdings Limited Lau YuExecutive Director and Chief Executive Officer
Hong Kong, 4 November 2015
As at the date of this announcement, the Board consists of five executive Directors, namely Mr. Cai Sui Xin, Mr. Zhao Cheng Shu, Mr. Lau Yu, Mr. Ng Tze For and Ms. Li Xiao Juan; one non-executive Director, namely Mr. Li Xiao Long, and three independent non-executive Directors, namely Ms. Choy So Yuk, Mr. Gao Wen Ping and Mr. Leung Yuen Wing.
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