| |
| |
Direct |
Deemed |
| No. of shares held before the change |
0 |
669740318 |
| As a percentage of issued share capital |
0 % |
63.25 % |
| No. of shares held after the change |
0 |
148818611 |
| As a percentage of issued share capital |
0 % |
14.06 % |
| Footnotes |
(1) The change in percentage level held before and after is calculated based on the issued ordinary shares ("Shares") of 1,058,829,308 Shares as at 30 May 2008.
(2) As of 30 May 2008, China Lion International Limited ("CLIL") has a deemed interest in 669,740,318 Shares representing 63.25% of the issued Shares directly held by its associated company, Pilot Assets Group Limited ("PAGL"). CLIL is wholly owned by the Director. Accordingly, the Director is deemed by virtue of Section 7(4A) of the Companies Act ("Act") to have an interest in 669,740,318 Shares in which CLIL has a deemed interest.
(3) Pursuant to a restructuring, PAGL transferred 663,003,318 Shares to its shareholders in the proportion of their shareholding interests in PAGL. After such restructuring, PAGL has a direct interest in 6,737,000 Shares.
(4) Under the restructuring, PAGL transferred 142,081,611 Shares, representing 13.42% of the issued Shares, to CLIL by way of an off market transfer and at nil consideration.
(5) Following such transfer, the Director therefore is deemed to have an aggregate interest in 148,818,611 Shares being (i) 142,081,611 Shares, representing 13.42% of the issued Shares, in which CLIL has a direct interest; and (ii) 6,737,000 Shares, representing 0.64% of the issued Shares in which CLIL has a deemed interest in.
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