CO129-535-5 N.I. Brewer- transcript of trial and evidence 1-1-1929 - 31-12-1931 — Page 182

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Director's Interest:- No director has any interest in the promotion of the Company and (save in respect to the

contract referred to in 3,h of the Memorandum of Association and detailed elsewhere herein) no director has any interest in any property that is at present intended to be acquired by the Company. But Article 49 of the Articles of Association is as follows:

49. A Director may contract with and be interested in any contract made with the Company, and shall not be liable to account for any profit made by him by reason of

any such contract, provided that the precise nature of the interest of the Director in such contract be declared to the Board before or at the time when the same is entered into; but, except as regards the agreement mentioned in Article 3 hereof, no Director shall vote in respect of any contract or arrangement in which he shall be interested, and the Company reserves the right to enter into any such

contract accordingly.

No sums have been or will be paid to any Director either in cash or shares - by any person either to induce

him to become or to qualify him as a Director or for services by him in connection with the promotion or

formation of the Company.

Instone Brewer

Young Tat Po Yau Farin Yip Wing Fong Chung Tat Chia Liu Yau Po Li Shin Hong Li Ting Sang Chas.W.MOK Li Shun

Liu Hing

Leo Ping Chuen Authorised Agent for all sugnatures.

Signed by Leo Ping Chuen by virtue of a written

authorization filed with the Registrar on the 22nd February, 1927.

4.