TNAG-2763-FCO40-3980-Hong-Kong-licensing-framework-for-satellite-television-broad-1993 — Page 31

Condition in

the Hutchvision Licence

(2)

Majority of

directors

shall be

ordinarily

resident in HK

Reasons for

inclusion in the Hutchvision Licence

to prevent foreigners exercising control of the station

2 -

Proposed approach in the revamped regime

Justification for

the proposed approach

condition to be

removed, but

(i)

Licensee will be

required to have at

least one local principal officer as a contact point

for regulatory

(ii)

matters.

There is no reason

to impose the

restriction on

regional

broadcasters.

to be compatible

with the relaxation

of (1)

(3)

Company must

for the purposes of

be

taxation/enforcement

condition to be

retained

(i)

incorporated

and registered

in HK

under the Companies

Ordinance

A bona-fide

business operator

should have at

least some presence

in HK.