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( case 1)

Application to Stay Winding-Up Resolution


In the Matter of James McMenamin Ltd. (in Voluntary Liquidation), High Court, Laffoy J, 18
April 2005

Facts: In this case, a company in liquidation suddenly found funds that were previously
unavailable, in an amount that would allow it to trade successfully again. Therefore, one of the
contributories of the company sought to have the liquidation halted so that the company could
resume trading as normal.

The company’s sole asset was a 26-acre plot of land. The plot was un-saleable for 20 years, but
the situation changed in 2004, and the property was valued at €,050,000. In addition, one of the
shareholders agreed to invest €1,250,000 in the company to allow the liquidator to discharge the
company’s liabilities and the liquidation expenses. These values, when combined, more than
covered the outstanding liabilities of the company.

Held: The court considered the position of the relevant parties: the creditors, the liquidator and
the shareholders. Laffoy J was satisfied that all parties would benefit from this arrangement.
Therefore, he ordered that the shareholder inject funds into the company. He then granted the
company leave to re-enter the application after this had taken place, in order to proceed with the
motion to halt the liquidation.

(Case 2)

Warid Telecom Winding Up Petition Case

Huawei Technologies Co. Ltd., one of the global leading networking and telecommunications
companies and its subsidiaries Messrs Huawei International Pte Limited and Huawei
Technologies Pakistan Pvt Limited on 23 August 2010 instituted three petitions in the Lahore
High Court, Rawalpindi Bench, for the winding up of Warid Telecom (Pvt.) Ltd, one of the five
cellular operators in Pakistan. The petitions have been filed only after repeated assurances by
Warid that the outstanding and admitted liabilities would be repaid.

As interim measures the Huawei companies sought stay orders against Warid from disposing off
its assets and the transfer of shares. The court was pleased to grant such orders. It has also
directed Warid to submit its monthly statement of income and expenses. Huawei is seeking the
appointment of a provisional manager while the petitions are pending.
It has been pleaded that Warid, admittedly, owes the three Huawei companies a sum far
exceeding US $ 100,000,000 (US Dollars One Hundred Million) equivalent to a sum exceeding
Pak Rupees 10,000,000,000.00(Pak Rupees Ten Billion).

The Petitions will be heard by the Court in Pakistan on the 26th October 2010. Following the
institution of these petitions and the grant of the stay orders by the High Court, Warid and
Huawei have attempted to settle the issue.  However, no meaningful offer was made by Warid,
and no payment has been received by Huawei. Huawei is therefore vigorously pursuing the
petitions.

Huawei takes contractual matters very seriously and is committed to ensuring that its innovative
products and solutions continue to build next generation networks in the Pakistan market and all
the regions it operates in. Huawei is committed to being the preferred partner of choice in
technology innovation for its customers across the globe.

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