Board Resolutions of Corporate Customer
Regarding Change of Authorized Signatory(ies) and Agreed Signing Arrangement
____________________________________________________(hereinafter referred to as
the “Company”) is a company incorporated in _________________ with its registered
address at _____________________________________________________. A meeting of
the Company’s Board of Directors was held on ________________ for the purpose of
approving the change of Authorized Signatory(ies) and Agreed Signing Arrangement in
respect of the bank account(s) maintained by the Company with the Offshore Banking
Department of the China Merchants Bank (hereinafter referred to as the “Bank”). The
following is a true and correct copy of the resolutions passed at the aforesaid meeting of the
Board of Directors duly convened and proceeded in accordance with the Articles of
Association of the Company, throughout which a quorum of directors was present.
Directors present at the Meeting:
Name: Signature:
Name: Signature:
Name: Signature:
Name: Signature:
Name: Signature:
Name: Signature:
Having reviewed the documents entered into between the Company and the Bank in respect
of the bank account(s) and discussed the proposed changes of the related Authorized
Signatory(ies) and Agreed Signing Arrangement at the Meeting, the Board of Directors
resolved:
1. that the existing Authorized Signatory(ies) and Agreed Signing Arrangement in respect
of the following Bank Account(s) maintained with the Bank by the Company shall be
revoked and replaced by the new Authorized Signatory(ies) (together with the specimen
signature(s)) and the new Agreed Signing Arrangement set forth in the Schedule hereto;
and that the newly appointed Authorized Signatory(ies) shall constitute the Authorized
Signatory(ies) in respect of the following Bank Account(s) as provided in the “Master
Agreement on Offshore Banking Business” entered into between the Company and the
Bank, who may exercise all the relevant rights and powers as provided in the “General
Terms and Conditions for Offshore Banking Business”.
Numbers of the Bank Account(s):
Page 1 of Total 3 Pages
2. that the Bank shall be informed of the aforesaid resolutions approving the change of the
Authorized Signatory(ies) and the Agreed Signing Arrangement and provided with a
copy of the resolutions of the Board of Directors as evidence thereof; and that once
submitted to the Bank, the copy of the resolutions of the Board of Directors shall
constitute a written notice given by the Company to the Bank regarding the change of
the Authorized Signatory(ies) and the Agreed Signing Arrangement; and that the
existing Authorized Signatory(ies) and the Agreed Signing Arrangement shall remain
effective until the Bank acknowledges its acceptance of the change of the Authorized
Signatory(ies) and the Agreed Signing Arrangement as mentioned above; for the
avoidance of doubt, the aforesaid change of the Authorized Signatory(ies) and the
Agreed Signing Arrangement shall not in any way affect the effect of any acts, things or
instruction of payment (whether standing or otherwise) done or given by the existing
Authorized Signatory(ies) before the Bank agrees to accept such changes.
3. that the aforesaid change of the Authorized Signatory(ies) and Agreed Signing
Arrangement shall take effect immediately after the Bank has acknowledged its
acceptance of the same until expressly revoked and/or amended by any resolution
passed by the Board of Directors of the Company.
4. that this change of the Authorized Signatory(ies) and the Agreed Signing Arrangement
shall be subject to the “General Terms and Conditions for Offshore Banking Business”
of the Bank, in particular, Clause 4.2 of Part A and Clause 2.3 of Part B thereof.
5. that the Company will, at the request of the Bank, submit to the Bank all documents
relating to the aforesaid changes for the Bank’s reference, and execute a new signature
card/signature cards(depending on specific circumstances) in this connection for
retention by the Bank.
Chairman of the Meeting
Director
Page 2 of Total 3 Pages
Schedule: Authorized Signatory(ies) and Agreed Signing Arrangement
Details of the new Authorized Signatory(ies) (and his/their specimen signature(s)) and
Agreed Signing Arrangement are as follows:
Specimen
Category Particulars of the Authorized Signatory(ies)
Signature
Name: Occupation:
Identity Card/Passport No: Telephone No:
Name: Occupation:
Identity Card/Passport No: Telephone No:
Name: Occupation:
Identity Card/Passport No: Telephone No:
Name: Occupation:
Identity Card/Passport No: Telephone No:
Name: Occupation:
Identity Card/Passport No: Telephone No:
Name: Occupation:
Identity Card/Passport No: Telephone No:
Agreed Signing Arrangement (please put an “x” in the appropriate box):
Of the authorized signatures set out above, any _______ will be effective.
Of the authorized signatures set out above, any _______ together with the company chop
shown below will be effective.(Only shape-unchangeable chops accepted)
Company chop:
Special arrangement (if any):
Page 3 of Total 3 Pages
