notice of extraordinary general meeting on 13

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no
responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the
whole or any part of the contents of this announcement.
NOTICE OF EXTRAORDINARY GENERAL MEETING
NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting (“EGM”) of the
members (“Members”) of Lai Sun Garment (International) Limited (“Company”) will be
held at Gloucester Room II, 3rd Floor, The Excelsior, Hong Kong, 281 Gloucester Road,
Causeway Bay, Hong Kong on Wednesday, 13 August 2014 at 10:00 a.m. for the purpose of
considering and, if thought fit, passing, with or without modifications, the following resolution
as an ordinary resolution of the Company:
ORDINARY RESOLUTION
“THAT:
(a)
the provision by Lai Sun Development Company Limited (“LSD”) of the guarantee
(“Bank Guarantee”) under a facility agreement (“Facility Agreement”) dated 27 June
2014 and entered into between Strongly Limited (“Strongly”) as borrower, LSD as
guarantor, the financial institutions listed in Schedule 1 to the Facility Agreement as
original lenders (“Lenders”) and Hang Seng Bank Limited as facility agent and security
agent in relation to a term loan facility in the principal amount of up to HK$1,940,000,000
to be granted by the Lenders to Strongly (a copy of the Facility Agreement marked “A”
and initialed by the chairman of the Meeting for identification purpose has been tabled
at the Meeting) and all matters in connection therewith or incidental thereto be and are
hereby approved, confirmed and ratified;
(b)
the provision and creation by Baicross Limited (“Baicross”) of a charge in favour of
Dragon Dynasty Worldwide Limited (“Dragon Dynasty”) over one ordinary share of
US$1.00 in the issued share capital of Diamond Path Limited (“Diamond Path”)
pursuant to a charge over shares (“Share Charge”) dated 27 June 2014 and executed by
Baicross as chargor and Dragon Dynasty as chargee (a copy of the Share Charge marked
“B” and initialed by the chairman of the Meeting for identification purpose has been
tabled at the Meeting) and all matters in connection therewith or incidental thereto be
and are hereby approved, confirmed and ratified;
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(c)
the assignment of shareholder loan by Baicross in favour of Dragon Dynasty pursuant a
deed of assignment of shareholder loan (“Assignment of Shareholder’s Loan”) dated
27 June 2014 and executed by, among other, Baicross as assignor and Dragon Dynasty
as assignee (a copy of the Assignment of Shareholder’s Loan marked “C” and initialed
by the chairman of the Meeting for identification purpose has been tabled at the Meeting)
and all matters in connection therewith or incidental thereto be and are hereby approved,
confirmed and ratified;
(d)
the conditional right (“Dragon Dynasty Call Option”) of Dragon Dynasty granted
under clause 8.1 of a shareholders’ agreement (“Shareholders’ Agreement”) dated
27 June 2014 and entered into between Baicross and Dragon Dynasty as shareholders
and Diamond Path as company to require Baicross to offer to sell to Dragon Dynasty all
its shares in Diamond Path and assign to Dragon Dynasty all its shareholder’s loans
made to Diamond Path in accordance with the terms of the Shareholders’ Agreement (a
copy of the Shareholders’ Agreement marked “D” and initialed by the chairman of the
Meeting for identification purpose has been tabled at the Meeting) and all matters in
connection therewith or incidental thereto be and are hereby approved, confirmed and
ratified;
(e)
the conditional right (“Dragon Dynasty Capitalisation Right”) of Dragon Dynasty
granted under clause 8.6 of the Shareholders’ Agreement to require Diamond Path to
capitalise such loan and accrued interest thereon as mentioned in such clause in
accordance with the terms of the Shareholders’ Agreement and all matters in connection
therewith or incidental thereto be and are hereby approved, confirmed and ratified; and
(f)
the directors of the Company (“Directors”) or a duly authorised committee of the board
of Directors be and are hereby authorised to do all such acts and things (including,
without limitation, signing, executing (under hand or under seal), perfecting and delivery
of all agreements, documents and instruments) which are in their opinion necessary,
appropriate, desirable or expedient to implement or to give effect to the Bank Guarantee,
the Share Charge, the Assignment of Shareholder’s Loan, the Dragon Dynasty Call
Option and the Dragon Dynasty Capitalisation Right and all transactions contemplated
thereunder and all other matters in connection therewith or incidental thereto and to
agree to and make such variation, amendment and waiver of any of the matters relating
thereto or in connection therewith that are, in the opinion of the Directors, not material
to the terms of the Bank Guarantee, the Share Charge, the Assignment of Shareholder’s
Loan, the Dragon Dynasty Call Option and the Dragon Dynasty Capitalisation Right
and all transactions contemplated thereunder and are in the interests of the Company.”
By order of the board of directors of
Lai Sun Garment (International) Limited
Tse Pik Ha
Company Secretary
Hong Kong, 21 July 2014
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Registered Office:
11th Floor
Lai Sun Commercial Centre
680 Cheung Sha Wan Road
Kowloon
Hong Kong
Notes:
1.
A Member entitled to attend and vote at the EGM convened by the above notice (“Notice”) or its adjourned
meeting (as the case may be) is entitled to appoint one (or if he/she/it holds two or more shares in the
share capital of the Company (“Shares”), more than one) proxy to attend the EGM and, on a poll, vote
on his/her/its behalf in accordance with the Articles of Association of the Company. A proxy need not
be a Member.
2.
A form of proxy for use at the EGM is enclosed with this Notice and is also available at the respective
websites of The Stock Exchange of Hong Kong Limited (“Stock Exchange”) and the Company.
3.
To be valid, a form of proxy, together with the power of attorney or other authority (if any) under which
it is signed, or a notarially certified copy of such power or authority, must be lodged with the Company’s
share registrar, Tricor Tengis Limited (“Registrar”), at Level 22, Hopewell Centre, 183 Queen’s Road
East, Hong Kong, not less than 48 hours before the time appointed for holding the EGM or its adjourned
meeting (as the case may be) and in default, the form of proxy shall not be treated as valid. Completion
and return of the form of proxy shall not preclude Members from attending in person and voting at the
EGM or at its adjourned meeting (as the case may be) should they so wish. In such a case, the said
form(s) of proxy shall be deemed to be revoked.
The contact phone number of the Registrar is (852) 2980 1333.
4.
To ascertain the entitlements to attend and vote at the EGM, Members must lodge the relevant transfer
document(s) and share certificate(s) at the office of the Registrar no later than 4:30 p.m. on Friday, 8
August 2014 for registration.
5.
Where there are joint registered holders of any Shares, any one of such joint holders may attend and
vote at the EGM or its adjourned meeting (as the case may be), either in person or by proxy, in respect
of such Shares as if he/ she/it was solely entitled thereto, but if more than one of such joint holders are
present at the EGM or its adjourned meeting (as the case may be), either in person or by proxy, that one
of such holders so present whose name stands first in the Register of Members of the Company in
respect of such Shares shall alone be entitled to vote in respect thereof.
6.
In compliance with Rule 13.39(4) of the Rules Governing the Listing of Securities on the Stock Exchange,
voting on the resolution proposed in this Notice shall be decided by way of poll at the EGM.
7.
If a tropical cyclone warning signal No. 8 or above is expected to be hoisted or a black rainstorm
warning signal is expected to be in force at any time between 9:00 a.m. and 5:00 p.m. on the date of the
EGM, the EGM will be postponed and the Members will be informed of the date, time and venue of the
postponed EGM by a supplementary notice posted on the respective websites of the Company and the
Stock Exchange.
If a tropical cyclone warning signal No. 8 or above or a black rainstorm warning signal is lowered or
cancelled at or before 9:00 a.m. on the date of the EGM and where conditions permit, the EGM will be
held as scheduled.
The EGM will be held as scheduled when an amber or red rainstorm warning signal is in force.
Having considered their own situations, Members should decide on their own whether they would attend
the EGM under any bad weather condition and if they do so, they are advised to exercise care and
caution.
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8.
Members are advised to read the circular of the Company dated 21 July 2014 which contains information
concerning the resolution to be proposed in the EGM.
As at the date of this announcement, the Board of Directors of the Company comprises six executive directors,
namely Dr. Lam Kin Ming (Chairman), Dr. Lam Kin Ngok, Peter (Deputy Chairman), Mr. Chew Fook Aun
(Deputy Chairman), Madam U Po Chu, Mr. Lam Hau Yin, Lester (also alternate to Madam U Po Chu) and Mr.
Lam Kin Hong, Matthew; and three independent non-executive directors, namely Messrs. Chow Bing Chiu,
Lam Bing Kwan and Leung Shu Yin, William.
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