TNAG-1817-FCO40-2578-Broadcasting-in-Hong-Kong-1988 — Page 22

(a)

(i)

voting shares of a

licensee are allotted or issue

(whether severally or jointly); or

(ii) an application is made to

register (whether severally or

jointly) a transfer of such voting

shares,

to a company or other body

corporate or any other person to

whom the restriction in section

17D applies (in this subsection

subsequently referred to as "the

relevant person"); and

(b) either the shares allotted or

issued or to which the application

relates, at the time of the

allotment or issue or at the time

of the application, in themselves,

or those shares together with other

such voting shares registered

(whether severally or jointly) in

the licensee's register in the name

of the relevant person, when added

together, comprise