Contact us

Netel Technology (Holdings) Ltd.
Flat C, 9/F Max Share Centre,
373 King's Road,
North Point, Hong Kong.

Telephone:
+852 2907 3777
Fax:
+852 2510 0266
Email:
sales@neteltech.com.hk



Procedures for shareholders to Propose a person for election as a Directors

According to Article 88 of the Articles of Association of Netel Technology (Holdings) Limited (the “Company”), it provides that no person, other than a director of the Company (the “Director”) retiring at the meeting shall, unless recommended by the Director for election, be eligible for election as a Director at any general meeting unless a notice signed by a member of the Company (the “Shareholder”) (other than the person to be proposed) duly qualified to attend and vote at the meeting for which such notice is given of his intention to propose such person for election and also a notice signed by the person to be proposed of his willingness to be elected shall have been lodged at the head office or at the branch registration office of the Company in Hong Kong.

As such, if a Shareholder wishes to nominate a person (the “Proposed Candidate”) to stand for election as a Director at a general meeting of the Company, the following documents must be validly served to the board of Directors or the company secretary of the Company at the head office and principle place of business in Hong Kong of 9C, Max Share Center, 575 King’s Road, North Point, Hong Kong:-

(a) a written notice signed by him/her as the Shareholder (other than the Proposed Candidate) duly qualified to attend and vote at the meeting for which such notice is given of his/her intention to propose the Proposed Candidate for election; and

(b) a written notice signed by the Proposed Candidate of his/her willingness to be elected.

As stipulated in the aforesaid the Article, please note that the minimum length of the period, during which such notices are given, shall be at least seven (7) days and that the period for lodgment of such notice(s) shall commence no earlier than the day after the despatch of the notice of the general meeting appointed for such election and end no later than seven (7) days prior to the date of such general meeting.

In order to allow the Company to inform the Shareholders of the proposal and to enable the Shareholders to make an informed decision on their election at a general meeting, the written notice must state the full name of the Proposed Candidate and include his/her biographical details as required under Rule 17.50(2) of the Rules Governing the Listing of Securities on the Growth Enterprise market of The Stock Exchange of Hong Kong Limited (the “ GEM Listing Rules”), as amended from time to time, as published on the website of The Stock Exchange of Hong Kong Limited (www.hkex.com.hk) and the Proposed Candidate’s written consent to the publication of his/her personal data.

Upon receipt of the written notice(s) from the Shareholder(s) to propose the Proposed Candidate(s) at the general meeting, the Company will then publish an announcement in accordance with the requirements under the GEM Listing Rules or issue a supplementary circular. The particulars of the Proposed Candidate will be included in the announcement or supplementary circular of the Company.

Please note that if the written notice is received less than fifteen (15) days prior to the general meeting, the Company will assess whether or not it is necessary to adjourn the general meeting of the election in order to allow Shareholders to have at least fourteen (14) days’ notice of the proposal and at least ten (10) business days for consideration of the relevant information disclosed in the announcement or supplementary circular.

Should there be any questions in relation to the procedures for proposing a person as a Director, please make a written enquiry to the company secretary of the Company of 9C, Max Share Center, 575 King’s Road, North Point, Hong Kong.

March 2012