Company No. 29707

THE COMPANIES ORDINANCE (CHAPTER 32)

SPECIAL RESOLUTION

OF

THE TAXATION INSTITUTE OF HONG KONG

PASSED ON 28TH JANUARY 1999

At an Extraordinary General Meeting of the above Institute held at the Chinese Club, 9/F, 21-22 Connaught Road Central, Hong Kong on 28th January 1999 the following resolution was duly passed as a Special Resolution: -

'That the Articles of Association of the Institute be amended in the following manner:-

1. By deleting Article 22 and substituting therefor the following new Article 22: -

"22. The Council may from time to time, by bye-laws, determine the conditions upon which persons may become students of the Institute.

A student eligible to enroll for the qualifying examination course for the Institute shall be eligible to apply to be a student member of the Institute. The admission fee and annual subscription for a student member shall be determined by the Council from time to time."

2. By adding the following new Article 28A:-

"28A. An Associate or a Fellow of the Institute shall be eligible to make an application, subject to approval by the Council, to pay the annual subscription at 25% of the normal membership subscription rate, if he:-

(a) has attained the age of 65 years, and

(b) has retired from practice or employment.

A retired member shall only be eligible for a reduced annual subscription rate for the ensuing calendar year and thereafter, but not for the calendar year during which the application is made."

(Sd.) Wong Yui Keung Marcellus
Chairman of the Meeting