―
10
17.
16.6
(b)
in
For
case the person is a company or other body corporate, the body is not а company ordinarily resident in Hong Kong.
the purposes of Condition resident in Hong Kong" includes
(a) in the case of a person
(b)
16.5
"ordinarily
(i) residence in Hong Kong for not less than
180 days in any calendar year; or
(ii) residence
in Hong Kong for not less than 300 days in any 2 consecutive calendar years; and
in the case of a company, a company
(i) which is formed and registered in Hong
Kong under the Companies Ordinance;
(ii) of which the directors participating actively in the direction of the
company
(A) in case there are
2 directors, each shall be; or
(B)
such
in case there are more than 2 such directors, the majority thereof shall each be,
for the time being ordinarily resident in Hong Kong and also have been so resident for at least one continuous period of not less than 7 years; and
(iii) the control and management of which is
bona fide exercised in Hong Kong.
Advertising Revenue
17.1
17.2
The financing of the Licensee through advertising revenues may not rely principally on the Hong Kong television advertising market.
For the purpose of monitoring Condition 17.1 the Licensee shall provide the Authority with a true copy of its annual budgeted advertising revenue attributable
the television viewing audience in Hong Kong expressed as a proportion of the total annual budgeted advertising revenue.
to