Company No. 29707

THE COMPANIES ORDINANCE (CHAPTER 32)

SPECIAL RESOLUTION

OF

THE TAXATION INSTITUTE OF HONG KONG

PASSED ON 31st OCTOBER 2000

At an Extraordinary General Meeting of the above Institute held at the Chinese Club 9/F., 21-22 Connaught Road Central Hong Kong on Tuesday, 31st October 2000, at 6:00 p.m. the following resolution was duly passed as a Special Resolution:-

"That the Articles of Association of the Institute be and are hereby amended:

1. By deleting 'in the United Kingdom or any part of the British Commonwealth' in Article 13 and substituting 'outside Hong Kong'.

2. By deleting Article 23 and substituting the following:

'23. Except as provided by these Articles, persons admitted as Fellows without first becoming Associates shall on admission pay an Admission Fee and Associates promoted to the status of Fellows shall on admission pay another kind of Admission Fee. The amounts of Admission Fees payable shall be determined as from time to time by the Institute by Ordinary Resolution in General Meeting.'

3. By deleting Article 24 and substituting the following:

'24. Persons admitted as Associates shall on admission pay an Admission Fee of such amount as determined from time to time by the Institute by Ordinary Resolution in General meeting.'

4. By deleting Article 25 and substituting the following:

'25(a) Members shall pay to the Institute annual subscriptions which shall comprise of:

(i) Annual Membership Fees; and
(ii) Contributions to Building Fund.

(b) Contributions to Building Fund received or receivable from Members shall be paid into and credited towards a Building Fund which shall be used by the Institute for the sole purpose of purchase of real property for the use of the Institute and all incidental costs of fitting, equipping, renovating and improving the real property purchased.

(c) The Institute shall by Ordinary Resolution in General Meeting decide from time to time the amounts of Membership Fees and Contributions to Building Fund payable by Fellows and Associates.' "

(Sd.) Lee Kang Bor Thomas
Chairman of the Meeting