78 sic 22 SAR FERRERO EERO RE » ERT He La > SUTTER Aes AHN. LUCIE MERE 224 RAN » bee SRR i eA Ley FAT» BE A ae SCN SOR REN « Bll» eS scarey fa > DER HE AMARA FR EERE UAR «MMAR + ASSURE » © EOBTAN A “head-tast language” « BEVANRRH + AML SACS» BOCA SCHR » CTR sR ILC MRE Aa T RE EO ES (ims (Clete sentence)) » SUSRSCAT LASSE » BLEED FEB OF a "ean hte Sr Pom and Shareholders. Conon EF CGAMI MABE AE OtNORRe Ena. ca ‘The Board considers ha itis on he best imeress of the Company and the Shoreholder to proceed withthe Share Premium Reduction. SeTUsAy MAMAS rATaRsr ans SRA ESCURIRARIA) EMER REA » SORRY (ORAL » MRR ICIR A T TEAR ORME FE + BI CRORE LULA RURAL » RR CONC ORR ORES ULNA IR + ADL EICRR aR 222 SOIRSOERARMOS » GRE 5 SERIE » cena Ree AACA » SERRATE ORR + APNE . ‘ fa aH + ARENT 5 AIL» SURAT CR REO RU RRae « RL SRANEOO » ROA NRTTA + WZ ACSEARLE. aR MORRO Bcenuae = SECA)» AE Ee ATPL SBE PE ee a fers shouldbe lodged with Floor Hopenell “Toran othe vien speci inl dividend al the Companys Regltrars, Central Registration Hong Kong Limite, 17h ‘Cone 183 Queers Roa East, Wanchai, ong Kon, for reistraton not later than 400 pm. Ted, 16 April 2002. RMIAMELAMAMROA Hie LEE = Bes EAB SST ‘paras SAAB PLANS EAMETS RMLs o eb et eyrerrverer iss Rete a SE + A A = TA es TPR SCORN » US ABO sm CR) aR » ERATE AUER (AS RIAR oR ie RA CATR AA FD) LAR » ZAMAN HTM» CRON ~ EIA «AL ABA SE AAC 5 ESCRUOL Fi AR = ALS B= BON» BE + EE AVA» i= “An announcement onthe outcome of the BGM forth nade by the Company wp passing ofthe relevant ordinary resolutions a the EGM. HSA AA RA MAUR + BAO Ah RAN A be spans + 1 adoption ofthe New Scheme will be BRS RAS Le MRCS “EN” AAR» AN SEAL SRA MRE HLL A 5 RB CURR URNA » AERA BR RHA « ‘RTS URN ea (LMT RIE ATZ + Fe Mek ABU «A AM» MURS» RVD SE MALS AE RAL» RECT LARA RIO A PERN heme condtional upon, among other mater, (the termination “The adoption ofthe New Sh BOM i the approval ofthe New af he Exiting Scheme by an ordinary resolution athe ‘Scheme atthe EGM andthe allotment and issue ofthe Shares which fll te alloted. and isscd upon he exercise of the options which maybe granted under the New Scheme nd Gi the Stock Exchange granting the listing of, and permission to deli, the Shares which fallto te alloted and ised pon the exercise ofthe options which may be granted under the New Scheme, Rana toe AE) PAAR © ATURE SERRA AE “ets ae Eek a ATE] GI) ALA eo bata)» SORE80 seme AARP AIST AT ANT RH SM URAL AS OF ALT SAL: A Gy SHAR ABARAT STATA RA AS a A Re ALARA Ant: 22.3 RBA a IB TE MEA FRR — REAP IERIE » MDF REIS (hypotaxis) » ASR SAO AB » I BCE AAR + ~~ BR SEE AMMAR » LWA FAR + OAT aD TERA (OF BANKER © + ELEN AAI » SEALE NN UCR TA ORI Ae « HEMET ULC SMZi WAVE Ohm. Rake AZ aw pls Ol: eine z a ‘Immedlately after the Group Reorganization and suck reduction, the amount standing tthe edi of th share premium account ofthe Company was approximately HKS13,000 milion AE: Hye Pm ‘The distributable reserve ofthe Groupasat 31 December 200, ter allowing forthe proposed inal dividends for 2001, wi increase from HKS6,000 milion to HK16 00 mion. IS Meee MZ ‘Assuming the conditions ar fulfil, itis expected thatthe Share Premium Reduction will become effective immediately following the registration ofthe Confirming Onder dof any other documents required by the Cour. TENURE EM » ere. eT es OREHIN ‘8 (right-branching) » 5) S29 FRAO] » SAAR AEM EAR SL TAME S BATTEN » * BLASER IMR EMe pica ase «© SGA» Ras ~ ey e72 me ae RBH 2 1-Fe OE & (paratanis) +" ADD MARES » Bea REAL 5" “BURNOUT » ARR ei BLE HBR TA 1K «© TIA “OER” + RULER RAO SCRE FRIED F ALARA 5 TT ARIELR” RAL SET A « setie ae RAE YORAT ES » CL Sel es EAU CU oy FARAH UI « OA TUSAURAREIR IO TEM » USHER RAIN RAED» POR REALAGE ‘ate « 3 LaAAA RRMA 81 SEPORDERHERRA LAUER» LAO) pL = nO te nan HE De TED AU » (BAERS SCARS H AERP YE T ATG « EMS DLAAM HRY AAGTRARMRL EH A13000T REA © octet oye aiden + HEH RHEE +) w= SIRT oA St ALT APR MMAR E— See RAMI AA + Hh 6000 FH*AME 16000 THEA « RRA LIRA IO CARA TMI RAL A ht a 2 EMSA UL a tra ke + (FOC DI=AUPL= Ase nf INHER BFR (AERP EMZH +) SP BATAAN TERR » BSE UR TCA DRM ACAT SESOMAR Aes aae » Las T PRCA RE » ACT LATE TH ‘UFR » METER» TS » PATO SASSER» a BAT ABA Dt SEM Z¢E > iM “MER” “DUA” < SRUR" + “MRE” SrA TS a PT HETE YZ 5 BRI” + “SOR” BSL ME TE + ANAM RL “WERT + BK “The Directors consider tht he adoption ofthe New Scheme inthe interests ofthe Company nd the Sharcolders asa whole Because it enables the Company o reward and provide incentives tits employees and other asses of persons who contributed or may contribute to the growih and development ofthe Group. EFUA RMTNASAOM AMPLE BALA BN ASR BRB RI ED AEE HRS ALTACE Ta ie © a “The Of-market Repurchase didnot ede the shire premium Which had Bee created upon the orginal issue of he repurchased Shares, despite the fact that hese Shares were cancelled upon the Of-market Repurchase2 Maem iam RImMINRONE 83 POM AAA AS COO LOA AAG AAA MALIN « shee SRA Cahsy Ih nah aT LARA © ‘Yt AS ARAN OO REMUS RHO MAD LAE 5 TI EA SL > IR ST OIA DHE HLA FARE + IANO SP LAMA “Oy” RE SLM 5 HE EZR + SASL » AE RDU EAE TOO RTS «ae LOLS PIR NB LAO OFT © 23 RADA SEY A MESS » A AARNERA « Sh «SHOT + DAD HR ~ RLS ER) 5 RS RN» ERIE + BI PRAT» ATLAS Hah HOE RRR) + AESOP » MRR MERAH SAAB (OLA ATTEN)» Im SHCA HEADY » CERI HAAS LUSR LOS MMS BTOR 8 Abi ERR ATR Di eam = 23.1 HEHE: (embedding) SEETHER Z — » RIS CMO ESE ED ERS sb LZ A » BE SEACH RF ce Ha A HAE» ATR OE, SD RRC BY OE A « AM HR EAR SRBC 2 BSP » ARICA CAVEATS AY WRT NMRA) » Case - ee SRRO IRD = (RE ORC ESR RMON CIM a". “Bt” “Bi” iia» Set out in pages 8 015 ofthis cicular are the pencpal ems ofthe New Scheme, under which the maxima number af Shares which might be alloted and issued upon exercise of Leutstanding onton sated and tobe execu under he New Scheme cul epesent 90308 ofthe issued shar apt ofthe Compeny fom tine tine AAA 8 1S RAHN 2 2 AR ARAL wea Att RLEMDAPRDEMN GCE TERERSH EER ARS ALAA T HEREMAS 306 ‘VED LIRA AT Fh Ll + RAD SATS = CCPL 9.89 8-2-0678 AMER “all outstanding options” » FURS HAS) SEL HE “te maximum number of Shares" : SBSCHEART ALE » AGC LEARN ES RSE Od “Rani AT OOM” ZC» SIRI HAO HAL USOT Od “ALLE” « So AT AT A EO A» EIR RMR OMAN SITE NAENELE + AER TTAOTF + PINEAU TPO R em » HUMOR (cutting) « 23.2 WIN: (cutting) PU RAR IEPA AHR OY I HADRIAN VO ~ SERA MLAeR - AOU ARM PT + HN SAY + SRE IEA FID» RARER » RRNA REAR « Security ia bond or share or other negotiable instrument evidencing debts or ownership ich is distinguished between equity and deb secures, i clatiied a hld-o-matrity scouts investment securities and oer investments BRAM EE TR SLT LER + ARTE RAI AURA + / PBR EAMES RIERA ATE + BEA AP ULEIECANGE (“which is distinguished ..”) ZH » DL Bete am AB RIFLE » MICH LEC AES AN © 23.3 (AREY (reversing) ‘SEU HONEA EAEL » RRE MUR RNSRO » RATT I “ARLRED” Tes « “GLEE” DALIERTAN AL COANLARAA) » ARMAND AAA (SOR TL ERRNO) ACU» LARRR TT aE Oe TATE » AR THR AMR ARE TF LATE» ECT UE « Implementation ofthe Share Premium Reduction wll ot alter the underlying sss, business ‘operation, management financial poston ofthe Company or the proportionate interests ofthe Sharholders inthe underlying asset ofthe Grouper than a a esl ofthe related expenses ofthe Share Premiums Reduction suchas legal es, printing cost and postage POAPMARR HALLAM A iit - (PAIS Boh « HARI A RII R AA RA eda SEA RARE - PAAR AR RIK SAAMI EA LOLI © (RRA ER AICP LENE «4 Rem Pending the esl ofthe Right Issue the Company may make arrangement to match sie and purchase of old lot iftere xia ubetntal od ets, Bi ARI AE RH HI ER ARNE AA AO HEARSE a A ema RAD FS ERO] » HREM I oH 5 EIR 2» ) 234 RRB (oplitting) a MAE ARI TAR NOUN» ELC OL “OED” “(BUREER” ARRSCRRIOLAOARSCOS UTTAR MER” AOR » BA “HRA” a CRIME AS » PHOT » Raa ReN NFA ae GH «FRA RRA AER AIT AMD FRE | A MERA th ‘A noice convening an extraordinary general meeting ofthe Company tobe held atthe Peninsta, Salsbury Road, Kowloon, Hong Kong at 11:00am (or 80 scontherear asthe ‘Fourth Annual Generat Meeting ofthe Company convened forthe same place and day shall ‘have been concluded or adjourned) on Thursday, 25 April 2002 stout on page 9 ofthis circ. AAGMUH=SEo FOR =+ sa PMOL Et HELE RRAD A ARE-ABATEMOEERMER PE RARE ORR ER AMEE AGS HRS EMRAE NK HMOERAKM HOR FRLHSERHE (A notice is set out on page 9 ofthis circular” » convening an extraordinary ge ‘on Thursday, 25 April 2002” SRLS « Ha SPANERBHTTR » UREA “AICHE” IRE HCHE-P OY “notice” ("RAE") Zi ROOM RRA » AL AT RIARIE | Bul » ACHES (OF AEOE + SESE ACI OO TI DAT » ARN A AS CE APN AAS » al meeting 235 HAR (inserting) “Ate OUD SE - AVAL INLD» MBCRRA MONS HCE « MAMET RMS AMAT + Hin < (1) SELROIF 5 (2) MEARE 6 5G) Maia aeR Ana (4) MUR OLAR NERS 5 we (5) Ent eee RA, 9 eArein CAR ASE » A RLDSEUR ORI OETA + BRUT A S RSCABACAR 5 ILS) » AA ARDLERR AS = SRA A Re HR Ew aTs wTSUOTONT 8S HR» ARG NCEA ANT RA + UA Ew HAR > UIA HDF ERD MEZA + Subject as provided below in this paragrap (0, the total number of Shares which may be issued upon exercise of ll options to be granted under the New Scheme, together with all options to be granted under any other share option schemes of any member ofthe Group, ‘must not represent mote than 10% ofthe norinal amount fal the issued Share as at 3rd ‘April, 2002 being the date on which the New Scheme is proposed to be adopted by the ‘Shareholders (the “Scheme Mandate Limit) HER (MR TL AAMT + OAT RAIR AY SPALL A ALI im LAT HMA OPTRA AT OI MAE 2 AMRIT AT UR TAMAR EERO AST (PARAS 8) A ATR M ME 10% (EAM ER) « IX “tein the date on which the New Scheme is proposed tobe adopted by the Sharcholders” #5 “23ed Apel, 2002" JEU T REO» EMER HELA RLSM —AGY + TOURS FAEM » MERA ORR HEME RHE Re A — A A» ERR UR A 23.6 Hill (recasting) “RAR REHM ROE + RRC + ARALDITE SERIAL) + MGR MURRAY DH HEAR Ae 8 DI RA + RL MO AR IC» ARR» Ks RANE KON TERME + NTE EMERY CRI + SARE AEM TS PAULA RAME «EAN IRAE BR FI SLA AC» eA a A IE Re The Company's policy isto return cath to shareholders through dividends andor share repurchases that are supls to anticipate investment opportunites that can provide the required tur WALA + ALARA TE PRA A, MEMO HEALER © SCRA T RMR SE HD ARTES» ALL “AREA” AA RETA ce RAGA SY + TT eM RCE 5 ADEA “a86 nissan bramas munis $7 ae” HRM” Be WARE” Raa NRL» a» RAED als eansotion BF RRZE ASAT ARAREE ION TR lige spplenentary apa OE IE + DUCA AERTS sa Til vdend proposed ater balance sect Gat HEF REPRE mee [Rs he burnin pit for he Shares nation the opin Be ranted nde the New imalvensy aR eran aed nie eae at eee iene pe a ore EE djustments mide sent oprah (1) blow and shale tnt he hs of) ined hae) api EAR the cong pric ofthe Shares a sated inthe Stock change’ daily quan shes on he inex Pete Date Re date fh pion whch mst be usa day (teenage cls peo he Teckp prod aa Shares ase in the Stock Exchange aly quttin sets forthe fess cays |_Mary ei PRAT inne rtnanetcencmitnmmicanensune | [gg ew HAMEL A MRR GER ERR + /hlet OH Non performing Lo ART a (HAMAR 2 (1) SOTA) «Zen a) aeabMe (xe — | [Of-balance sheet exposures WEA AREA) RAMSAR AM RICH 5) Aaa meats sate — | [Orin relatos RRS Skaetoacnacaaamscevnecn 2ontouss | [pikenie aaaaras[EaNeaTaT #2RgtAR Frofiabiliy ru rofrma adil ois wawnWe SBOP IMT AUN (SRI 1) ARBRE RIAD 2) BLADE (RAT Sha Tan Srinin hens _{ ESE EE 4 (3) BRA JRA)» ARLEN AO RR I D+ GS Seen man ARERR SHON Soe ae SOURCE: im EL | wontne cn 3) meee Ae SS oe aake 3.1 i 32 RAKE iss wx secede ar eee [sown of ole ad ee ee andi cout ane | peienemer testes |) [pessoal and isc tote Company ie ed and doa bs Eis - | 7 | Neem tiara etingarangenan See Trend nahi acnay aoa | ET Book vale te “] FE | seu abate closing i a - "| FP te gre ore Gp arte FRE TERA RAORT comected acon [ae |_| tovesed Eniy int diepte 2 contingent bites WRG | [Eee formal diel geome ieee diate - wera Forte avoidance of doubt BAER iechimer St Faned by inal esr a RHETT