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ကနသတ

ကနသတ Y:\11-2017 Endosements Salient Point.doc

အ ကာငးအရာ။ စကမက မ ြမနမာနငငရငးနးြမပနမဥပ ဒနငအည အတညြပမန ထတ ပးခငြပပါရန တငြပြခငးကစစ

၁။ ကမပဏအမည/ ရငးနးြမပနသ

- Young Clothing Limited - Mr. Xu Jian (China)

- Apex Rubber International Company Limited

- ဒ သငးသငးြမတ (ြမနမာ)

- Ceres Enterprise Limited - Mr. Chen, Chang-Nan (Taiwanese)

ရငးနးြမပနမပသ ာန - ရာခငနနးြပညနငငြခားရငးနးြမပနမ - Singapore Keluosi Industry Pte. Ltd. (Singapore) ၉၉.၉၉ % - Mr. Wu Yongjie (China) ၀.၀၁ %

- ဖကစပနငငြခားရငးနးြမပနမ - Bangkok Rubber Public Co., Ltd. (Thailand) ၁၀ % - Manorom Footwear Co., Ltd. (Thailand) ၅၀% - Apex World International Co., Ltd. (ြမနမာ) ၄၀ %

- ရာခငနနးြပညနငငြခားရငးနးြမပနမ - Mr. Chen, Chang-Nan (Taiwan) ၅၁ % - Ms. Chen, Li-Na (Taiwan) ၄၉ %

လပငနးအမျ းအစား - CMP စနစြဖင အထညချပလပြခငးလပငနး (စကရအမတ-၂)

- CMP စနစြဖင ဖနပအမျးမျး ထတလပ ြခငးလပငနး

- CMP စနစြဖင အထညအမျ းမျ း ချပလပ ြခငးလပငနး

၂။ တည နရာ - ြမကကအမတ ၁၂၅၊ ြမတငးရပကကအမတ-၅၁၊သာဓကနစကမဇန၊ ရြပညသာ မနယ၊ရနကနတငး ဒသကး

- ြမကကအမတ- ၉၊ ၁၂၊ ၂၃၊ ၂၉၊ ဦးပငအမတ-၁၅၊၁၆၊ ၁၇၊၁၈၊ ြမဝတစးပား ရးဇန-၆၊ ြမဝတ မ နယ၊ ကရငြပညနယ

- ြမကကအမတ-D-10၊ မဂလာဒစကမဇန၊မဂလာဒ မနယ၊ ရနကနတငး ဒသကး

၃။

ြမပငရင ြမ/အ ဆာကအအ အကျယ အဝနး ြမ/အ ဆာကအအ ငားရမးခ

- ဒ ြမြမ အး - ၂.၁၆၁ ဧက (၈,၇၄၅.၂၆ စတရနးမတာ) - ၁၅၀ ပ x ၂၀၀ ပ အကျယရ သာ ၂ ထပ အ ဆာကအဦ ၁ လး

- ၃၀ ပ x ၄၀ ပ အကျယရ သာ ၃ ထပ အ ဆာကအဦ ၁ လး

- ကျပ ၇၂,၀၀၀,၀၀၀ (တစစတရနးမတာလင ကျပ ၈၂၃၃ နနး)

- ဒ သငးသငးြမတ - ၃.၅၉၄ ဧက (၁၄၅၄၄.၄၁ စတရနးမတာ) - အ မရကန ဒ လာ ၆၀၀၀၀ - ၁ နစ တစစတရနးမတာလင အ မရကန ဒ လာ ၄.၁၂ နနးြဖစပါသည။

- မ ြပနငအမယာဖ ဖ း ရးဦးစးဌာန - ၃.၅၈ ဧက (၁၄၄၆၈.၈၅ စတရနးမတာ) - အ မရကန ဒ လာ ၉၆၀၀၀ - ၁ နစ တစစတရနးမတာလင အ မရကန ဒ လာ ၆.၆၃ နနး ြဖစပါသည။

ြမ/အ ဆာကအအ ငားရမး/ အသးြပခငသကတမး

- ၅၀ နစ - ၃၀ နစ

- ကနဦး ၁၀ နစ နင ၅ နစ ၂ ကမသကတမးတး

၄။

ရငးနးြမပနမြပလပလသည သကတမး

- ၅၀ နစ

- ၃၀ နစ

- ၁၀ နစ

ကနသတ

ကနသတ 11-2017 Endosements Salient Point

၅။ တည ဆာကမကာလ/ ြပငဆငမကာလ

- ၁ နစ - ၆ လ - ၁၈လ

၆။ စစ ပါငးမတည ငရငး ထညဝငသညအမျးအစား

- အ မရကန ဒ လာ ၁.၈၉ သနး အ မရကန ဒ လာ ၅.၁၀ သနး အ မရကန ဒ လာ ၆.၉၁ သနး

(က) ြပညတငးမ ထညဝင သည မတည ငရငး ပမာဏ/ ရာခငနနး

(ခ) နငငြခားမ ယ ဆာင လာမည မတည ငရငး ပမာဏ/ ရာခငနနး

စစ ပါငး

-

- အ မရကန ဒ လာ ၁.၈၉ သနး

အ မရကန ဒ လာ ၁.၈၈ သနး

အ မရကန ဒ လာ ၂.၀၄ သနး

အ မရကန ဒ လာ ၃.၀၆ သနး

အ မရကန ဒ လာ ၅.၁၀ သနး

အ မရကန ဒ လာ ၆.၉၁ သနး

အ မရကန ဒ လာ ၆.၉၁ သနး

၇။ ရာငးချမညနညးစနစ - ၁၀၀ % ြပညပတငပြခငး - ၁၀၀ % ြပညပတငပြခငး - ၁၀၀ % ြပညပတငပြခငး

၈။ ထတလပမနင ရာငး စျးနနး (ပထမနစ)

အမျ းအစား

ထတလပမ (pcs)

ရာငး စျးနနး (US$/pcs)

Men’s Jacket ၁၅၆,၀၀၀ ၁.၅၀ Ladies Jacket ၁၄၄,၀၀၀ ၁.၄၀ Men’s Trousers ၁၄၄,၀၀၀ ၁.၅၀ Ladies Trousers ၁၆၀,၀၀၀ ၁.၄၀ Dress ၁၂၀,၀၀၀ ၁.၂၀ Skirt ၆၀၀,၀၀၀ ၀.၈၀ Blouse ၁၂၀,၀၀၀ ၀.၈၀ Jumpsuit ၁၈၀,၀၀၀ ၁.၂၀


ထတလပမ Pair

ရာငး စျးနနး (US$/ Pair)

Cold Cement 1 ၃၆၀,၀၀၀ ၃.၄၃ Cold Cement 2 ၃၆၀,၀၀၀ ၃.၄၃ Cold Cement 3 ၃၆၀,၀၀၀ ၃.၄၃ Cold Cement 4 ၂၄၀,၀၀၀ ၃.၄၃ DVP 1 (6 set) ၃၆,၀၀၀ ၃.၁၄ DVP 2 (6 set) ၃၆,၀၀၀ ၃.၁၄ Vulcanized ၃၆၀,၀၀၀ ၃.၁၄


ထတလပမ (Doz)

ရာငး စျးနနး (US$/ Doz)

Knitted Tops of all kinds

၁,၀၀၀,၀၀၀ ၂၄.၀၀

Wooven Jacket of all kinds

၄၆၀,၀၀၀ ၃၀.၀၀

Knitted Pants of all kinds

၇၅၀,၀၀၀ ၁၈.၀၀

Wooven Pants of all kinds

၄၈၀,၀၀၀ ၂၄.၀၀

၉။ အြခားတငြပချက - ပထမနစအတက ဝနထမးအငအား စစ ပါငး ၁၂၁၆ ဦး ြဖစ ပး ြပညတငးမ ၁၂၀၁ ဦး (ြပညတငး အနမဆး ဝနထမးတစဦး၏ လစာ မာ ကျပ ၁၂၀,၀၀၀ နင အြမငဆး ဝနထမး တစဦး၏ လစာမာ ကျပ ၆၀၀,၀၀၀ ြဖစပါ သည။) နင

- ပထမနစအတက ဝနထမးအငအား စစ ပါငး ၇၁၃ ဦး ြဖစ ပး ြပညတငးမ ၆၉၈ ဦး (ြပည တငးဝန ထမးတစဦး၏ လစာမာ US$ ၁၇၈ ြဖစပါသည။) နင ြပညပမ ၁၅ ဦး (ြပညပ ဝနထမး တစဦး၏ လစာမာ US$ ၆၁၉ ြဖစပါသည။)

- ပထမနစအတက ဝနထမးအငအား စစ ပါငး ၂၄၂၄ ဦး ြဖစ ပး ြပညတငးမ ၂၃၅၀ ဦး (ြပညတငး အနမဆး ဝနထမး တစဦး ၏ လစာမာ US$ ၉၅ နင အြမငဆးဝနထမး တစဦး၏ လစာမာ US$ ၉၀၀ ြဖစပါသည။) နင ြပညပမ ၇၄ ဦး

ကနသတ


ြပညပမ ၁၅ ဦး (ြပညပဝနထမး တစဦး၏ လစာမာ ကျပ ၅၀၀,၀၀၀ ြဖစပါ သည။)

(ြပညပအနမဆး ဝနထမး တစဦး၏လစာမာ US$ ၉၅၀ နင အြမငဆး ဝနထမးတစဦး၏ လစာမာ US$ ၆၀၀ ြဖစပါ သည။)

- ၁ US$ = ၁,၃၆၀ ကျပ နနးြဖင တကချက ထားပါသည။

- ၁ US$ = ၁,၃၅၀ ကျပ နနးြဖင တကချက ထားပါသည။

- ၁ US$ = ၁,၂၀၀ ကျပ နနးြဖင တကချက ထားပါသည။

- င ကးအ ထာကအထားအြဖစ Singapore Keluosi Industry Pte. Ltd. သည ၃၀-၆-၂၀၁၇ ရကစြဖင စငကာပနငငရ OCBC Bank တင စငကာပ ဒ လာ ၅,၈၈၀.၀၀ (US$ ၄၃၀၉.၃၉) ရ ကာငး အ ထာကအထားတငြပထားပါသည။

- င ရး ကး ရး အ ထာကအထားများက လညးတငြပထားပါသည။

-

- င ရး ကး ရး အ ထာကအထားအြဖစ Mr. Chen, Chan-Nan သည Taipei Fubon Commercial Bank တင ၅-၅-၂၀၁၇ ရကစြဖင အ မရကန ဒ လာ ၁၇၂,၅၃၇.၅၆ ရ ကာငး နင Ms. Cheng, Li-Na သည Taipei Fubon Commercial Bank တင ၅-၅-၂၀၁၇ ရကစြဖင အ မရကန ဒ လာ ၁၅၅,၄၃၈.၃၈ ရ ကာငး အ ထာက အထားများအား တငြပထားပါသည။

- Young Clothing Limited ၏ ကမပဏ မတပတငလကမတ အမတ ၂၈၉ အကဖစ/ ၂၀၁၃-၂၀၁၄ အား တငြပထားပါသည။

- စကပစစညးများက တရတြပညသသမမတနငငမ

တငသငးမည ြဖစပါသည။

- စကပစစညးများက ထငးနငငမ တငသငးမည

ြဖစပါသည။

- စကပစစညးများက ထင၀မ၊ တရတ၊ ထငး၊

ဂျပနနင ဟာင ကာငတမ တငသငးမည

ြဖစပါသည။

- ကနကမးများအား တရတြပညသသမမတနငင မ

တငသငးမညြဖစ ပး ထကရလာ သာ

ကန ချာများက ဥ ရာပနငငများ၊ က နဒါ၊

တရတြပညသသမမတနငငတသ ြပနပမညြဖစ

ပါ သည။

- ကနကမးများအား ထငးနငငမ တငသငး

မညြဖစ ပး ထကရလာ သာ ကန ချာများက

ထငးနငငသ ြပနပမညြဖစပါ သည။

- ကနကမးများအား ထငဝမ၊တရတ၊ ဂျပန၊

ထငးနင ဟာင ကာငတမ တငသငးမည ြဖစ ပး

ထကရလာ သာ ကန ချာများက UK၊ နာ ဝ၊

ဂျာမဏ၊ တရတ၊ ဂျပနနင အ မရ ကနတသ

ြပနပမညြဖစပါ သည။

- Young Clothing Limited နင Singapore

Keluosi Industry Pte. Ltd. တအကား

ချပဆထားသည CMP Contract တငြပထား

- Bangkok Rubber Development Center Co.,

Ltd. & Manorom Footwear Co., Ltd. &

Apex World Int’l Co., Ltd. တချပဆထား

- Ceres Enterprise Ltd. နင North Shore

Global Ltd. တအကား ချပဆထားသည

Memorandum of Agreement တငြပထား

ကနသတ


ပါသည။ သာ ဖကစပစာချပ(မကမး) နငApex Rubber

International Company Limited နင

Bangkok Rubber Development Center Co.,

Ltd. တအကား ချပဆထားသည Letter of

Confirmation တငြပထားပါသည။

ပါသည။

၁၀။ စစစတငြပချက - အဆြပလပငနးသည ရငးနးြမပနမဦးစား ပး

ြမငတငမညက တင ပါဝင ပး ISIC Code ၁၄၁၀

တင အကျးဝငပါသည။

- အဆြပလပငနးသည ရငးနးြမပနမဦးစား

ပးြမငတငမည က တင ပါဝင ပး ISIC Code

၁၅၂၀ တင အကျးဝငပါသည။

- အဆြပလပငနးသည ရငးနးြမပနမ ဦးစား

ပးြမငတငမည က တင ပါဝင ပး ISIC Code

၁၄၁၀ တင အကျးဝငပါသည။

- အဆြပလပငနးသည ဖ ဖ းတးတကမဇန (၃) တင

ပါဝငသြဖင ဝင ငခနကငးလတခင (၃) နစ

ခစားခင လာကထားနင ကာငး စစစ တရ

ရပါ သည။

- အဆြပလပငနးသည ဖ ဖ းမနညးပါးမဇန (၁)

တင ပါဝငသြဖင ဝင ငခနကငးလတခင (၇) နစ

ခစားခင လာကထားနင ကာငး စစစ တ

ရရပါသည။

- အဆြပလပငနးသည ဖ ဖ းတးတကမဇန (၃)

တင ပါဝငသြဖင ဝင ငခနကငးလတ ခင (၃) နစ

ခစားခင လာကထားနင ကာငး စစစ တ

ရရပါသည။

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6.Pc?! .....Mr,.Xu.JianManaging Director

Young Clothing Limited.gr+/c?Bc!3or086

Form (4-A)

Endorsement Application Form for the investment to be made

in the Republic of the Union of Myanmar

To,

Chairman

Myanmar Investment Commission

Reference No.

Date. rgth , f.lg , Pt+

I do apply for the endorsement in accordance with the Section 37 of the Myanmar Investment Law by

furnishing the following particulars:

1 The Investor's :-

(a) Name

(b) Company Registration No

ID No

National Registration Card No/ Passport

Passport No

Citizenship

Address/ Addres of Registration Offrce

Mr. Xu Jian (Young Clothing Limited)

289FC/13-14 (12.7 .2013)

E -72880461

(c)

(d) No.182/2 & l82lll, Bamaw A Twin Wun

Street, Shwe Lin Pan Industrial Zone,

Hlaing Tharyar Township, Yangon Region.

Ph No-O1-613929

E mail address- accounts@

youngclothingltd.com

(e) Phone / Fax/ E-mail

(D Type of Business (to describe in detail) - Garments Manufacturing with CMP System

Note: The following documents need to be attached according to the above paragraph (1) :-

(1) Company Registration Certificate (copy);

(2) ID No/ National Registration Card (copy) and Passport (copy);

) Ifthe investor don't apply for endorsement by himself / herself, the applicant;(a) Name

(b) Name ofcontact person

(if applicant is business organization)

Note:describe with attachment of letter of legal representative

(c) ID No./ National Registration Card No./passport No

(d) Citizenship

(e) Address in Myanmar

(D Phone / Fax-

(g) E-mail :

Type ofbusiness organization to be formed

lplOne Hundred Percent tr Joint Venture (To attach the draft of JV agreement)

J

4. List ofShareholders Owned 10% ofthe Shares and Above

List of Shareholders Owned 10% ofthe Shares Below

5. ParticularsofCompanylncorporation

(a) Authorized Capital Ks- 1,900,000,000/-

(b) Type of Share Ordinary Share

-%-%

100%

Name of Shareholder Citizenship

I Singapore KeluosiIndustry Pte. Ltd

Singapore 99.99'/"

No Name of Shareholder Citizenship

I Mr. Wu Yongiie Singapore 0.01%

(c) Number of Shares 19,000 Shares

El Type of Contractal Basis (To attach draft contract/agreement)

Share Ratio(Local)

Share Ratio(Govemment Department/Organization)

Share Ratio (Foreigner)

No Share Percentage

Share Percentage

Note: Memorandum of Association and Articles of Association of the Company shall be submitted with

regard to above paragraph 5.

6. Particular ofPaid-up Capital ofthe Investment

US$ (Million)

(a) AmounUPercentage of local capital

to be contributed

(b) Amount/Percentage of foregin capital to be brought in 1.88949 (100o/o)

(i) Cash 0.51 5

(iD Machineries & Equipment 1 .37 449

Total 1.88949 (100o/o)

7. Pa(iculars ofthe Investment Project-

(a) Investmentlocation(s)/place(s) Land Survey Ward No.5 I , Plot No.125, Thar Du Kan

Industrial Zone, Shwe Pyi Thar Township, Yangon

Region (Factory-2)

8. Amount of Investment USD 1.88949 million

The license, Permit, Permission, and etc; ofthe relevant organization shall be attached if they are

received.

10. Commencement of Business E Yes rdNo

If it is commenced , describe the performance ofbusiness activities;-

No

o

11. Describe whether other application are being submitted together with the Endorsement Forn or no

t d Land Rights Authorization Application

d Tax Incentive Application

Undertaking

I / We hereby declare that the above statements are true and correct to the best of my /our knowledge and belief.

I /We fully understand that endorsement that endorsement application may be denied or unnecessarily delayed ifapplicant fails to provide required information to access by Commission for issuance ofendorsement.

VWe hereby declare to strictly comply with terms and conditions set out by the Myanmar Investment Commission.

Signature of the applicant

Name:

Titile:

Department /Company

(Seal/Stamp)

{rin1Mr. Xu Jian

Managing DirectorYoung Clothing Limited.

Date' ---J-it:-6-.JOJJ-- -- - -- ---- --- -

lt//

r.l,

a:

, i,?,

'q., The Covernment of the Republic of the tnion of MyanmarMinistry ofNatioaal Planning and Economic Development

Directorate of Irvestmsnt aud Company AdmirlstrrtionOffice No.(32), N*ypyitaw.

LetterNo:Ya Ka-&(Ka) 023/2013 (zgOla- )Dated. ^'*h. November, 2013,

4

. ,:,,'i..;|, ', .,:::j:

. :,:9_,. -.1; r r.16flt

DirectorYoung Clothing Ltd.No,(182/2) &(182111), Bamaw A Twin Wun Street,

. Shwe Lin Pan IndustrialZone,Hlaing Tharyar Township, Yangon

Subject: Certili€ate of Incorporation and Form of Permit Issued.

L Upon the application of Young Clothing Ltd.in accordance with Myanmar CompaniesAct, Certiflcate of Incorporatioa and Form of Pennit are issued on l2h July,2013 as

Registration N6.289FC12013-2014 aud Permit No.496/2013 by this oflice as a Private Company.

l'o

2. The purpose of issuance of these Certificatx are !o enable Young Clothing Ltd. forthe use of its name in compliance with the Myanmar Companies Act and the company nseds tobe comply with existing Laws, Rules and Regulations in carrying out the business rnentioned inits Mernorandum of Association.

Copy to

d(For Dir#tor General,

(Thida Aung - DepuJy Director)

wDirector General(lntemal Revenue Department.)

Managing Director(Myanma Foreigr Trade Bank.)

Managing Director(Myanma lnvestment and Commercial Bank.)

Assistant General Manager(Myanma Economic Bank -Nay Pyi Taw)General Manager(The Private Banks which have obtainedAuthorized Dealer License)

. rtl\N \NG

r...v'315GOVERNMENT OF THE REPUBLIC OT THE TINION OF MYANMAR

OT NATIONAL PLANNING AND ECONOI\,IIC DEVELOPMENTRATE OF INVESTMENT AND COMPANY ADMIMSTRATION

\

. :-,.i,.iax" t:j.:d-ft ,T,

nan

CERTIFICATE Q

' No.

F REGISTRATION OF DOCUMENTS

I OF

289 FC of 2013-20t4 '

YOIJNG CLOTIIING LTD. -

I do hereby certifu that pursuaat to the Myanmar Co\_,'

1. Memorandum and Articids of Association.

mpatues

2, Declaration of Registration of Cdmpany.3 ituation of d ce.

4, List of Direetors.

5. Legal Version.

Has been this day duly frled and ,.gi\t.r.a in this offrce

Have

Dated Nay Pyi Taw, this FIRST da of'i\,

MEMORANDUM OF tr'EES PAID

K.

1,000,000 00

1

?

Memorandum of Association

. Articles of Association

. Notice of situation of registered

ofice and changes therein4. Retum of allotments5. Annual list of members and summary of

share Capital5. Balance sheet

7. Special or extaordimry resolutior8 . Particulars of mortgages and charges

9. Copy of Register of Directors, Managers,

or Managing Agents and changes therein

I 0. Return of persons authorized to accept

Services ofprocess and changes therein

11. Registration Fees

ToI

I

i

tal

.a

ii

-).t^For Dirc.-.or General

(Nang Yi Yi 'i'han - Director)er

1,000,000 :'- 00

I

,.,.'.

:

6. Certi{icate of Traislation.

Two Thousandand TUIRTEEN.NOVEMBER,

P.IJ.

;.....

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THE GOVERNMENT OF THE REPI.JBLIC OF THE UNION OF MYANMARMIMSTRY OF NATIONAL PLANNING AND ECONOMIC DEVELOPMENT

GERTIFICATE OF IHCORPORATION

NO. ......289.F.C of ZOII-ZOI+

I hereby certi$ that...............XOIJIY.G...CLOIHING...LIMIIEIL......,............

......................is this day incorporated

under the Myarunar Companies Act and that the compauy is Limited.

Given under my band at Nay Pyi Taw tbis.......,..TJY.8H.TH...............day

of ............. JIILY,.......f.!y..q.IH0USAI'.{0..4}m..

J,,ForDiredor GeneralangYi Yi Than-Dinector)

Dhectorate of Invesknett aad Company Adminisfatioot/

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GINAL,

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inistry ofthe Republic of the Union of Myanmar i4 pursuance

Companies Act hereby grants a permit to the

EEOF ITIIE REPUBLIC Otr THE UNION Otr MYANMARNAL PLAN.i{ING AND ECONOMIC DEVELOPMEIErE

@,)--;tIFJ,mru,tfi(r

FJE@@EmmEm,n../m

TR4

Country of incorporationofthe company.

Location of &e company's Head Officeand / or Principal Office in the Rcpublicof the Union of Myanmar.The object for which thc coopanyis formed (field ofbusiness).(a) The aEoount of Capital and

the number of shares into

which the Capftal b dividcd.(b) If more than one class of

shares is authorised, the

description of each class.

The names, addresses and

nationality of the directors.

The maximrun arnount ofindebtedness which may be

incurred by the company?nda.lso a prohibition agaitstthe contracting oi debts

in exccss of that arnountPeriod ofvalidity of permitStatement of copplianccwith legal requirements forissue of Capital includingthe amount to be paid inbefore business is commeoced.

) Statement of compliance

with such conditions ss

may be prescribed.

of the Myaomsr

..lrSflIED.*........'

The .B."r.s!.lls ofthe Union ofMvanmar.

O

a

)

Gov

"""""''"""""""""""';"":"""' in respcct

of which particulars are detailed bclow, io carry on ie b.usiocss, withii the Republig oftheUnionofMyarunar.subjecttotheprovisiortsmntainedinthcsaidAcl...i :'

(l) Name of the company . .Lg*g...cl9g--9-.l$:..,..,:............:....,-......(2

3

)

)(

(4)

(5)

(6)

(8)(e)

(7\

No.(182n) & (l8Zl l), Bamaw A Twin Wun

.Sm.e.l$hy,.E! jl.P.c.r.l+C.sstr-isLkp.s"}ileingTharyar Towuship,Yangon.

.Menr&sgi.+s.etQsmsis'ls..p.n.9..M.P..-b.esil".

',1,. . ,. i

I

Ks" 1,900,000,000/- dividd into 19,000 /-'i'i#i;;i;ii' iG:' idil'6iii::;;iii'=" -' "-- - " -

( 0 The conditions altached to the permitand conditions as may be prescribedfrom time to time are also to be strictlyadhered to by the company.

By order

+rtFor Director General

6( (NengYi Yl l';... n- Director)Directorateoflnvestmer. ConipanyAdmisFtration

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2.

MR.DUONG QUY NAMUnit -l,Grcat CambridgeIndustrial'EStatgl.incoln RoadEnf eldMiddlesex,ENl f SH,LondonPh/09-73046687q -5D5211 (Merchantl

MR.YOUNG HING WAIIUnit -lnGreat CambridgeIndushial Estatetincoln RoadEnfi eld,L{iddlcsex}EN1 1SE,[.ondonPh/09-73046687

q - sreizn (Mcrchant)

BritishPassport No.

GBR-s109722li

BritishPassport No.

GBR-801349501

1140

285 M

,@

II

rlr- raaao, ^^^^

oQ. C

tcca)il+9o{poarc. c c

?o?cDclo?o2

I

THE MYANMAR COMPANIES ACT

PRIVATE COMPANY LIMITED BY SHARES

fllemsrenbum @t flggodatisnOF'

YOUNG CI,OTHING LIMITED

fr +.1 .1 .1 .!.1 *

I The name of the Company isLIMITED.

YOT]NG CLOTIIING

Il. The registered office ol'the Company will be situated inthe Union of Myanmar.

lll. The objects for which the Company is establishcd are as on the next page.

lV The liability of the members is limited

r,900,000,000

dui{"'li*ttr"u

with power in General Meeting either to increase. reduce or alter such capital fronr time lotime in accordance with the regulations of the Company and the legislative provisions lor the

time being in lorce in this behalt.

rnc aqtFgriq;$.c6gi;d.gd,htifiStrpuny is Ks.

loo.ooo/- onlY )shares of Ks.

^ ( Kyats

One Thousnnd/- { Kvals' 't9,000

rThousand

Only) each.

,&

Indushioi t' 'oductionProduction, grorvin g,m0ling ond processing , etc.of goocl of the Folowin g businesses

permitted by the government to be corried out solely or joint venture with ony indivicluols

from locol or from qbroo.d .

- Garment manufacturing with C M P System'

2, To import mochinery, spore porB, rqw mqterioh ond others necessory for those

octivities mentioned obove ond to sell wholesole ond retqil finishod ond semi-finished

products locolly ond obrood.

3. To borrow money for the benefit of the Compony's busines from ony person, firm,

compqny, bonk or finonciol orgonizotion in the mqnners thot the Compony shollthinkfit.

provided thot the Company shall not exercbe any of the above objecb

whether in the Union of Mydnmdr or elsewhere , save in so far as it may be

entitled so as to do in accordance with the laws, Orders and Natifications in

force from time to time and then only subject to such permission and or

oppr&a as moy be prescribed by the laws. Oders and Natifications of the

Union of Myanmat for the time being in fuce.

PROI4SO:-

t.

(3)We, &e several persons, whose nar€s, nationalities, addrasses and descriptionsaro subscriM

' klow. arc desimus of being fumred into a Company in pursuance of this Mernorandum ofAssociatiorl' and respcrctively agrce to take the number of shares in the capiral of the Company set opposite ourrcspective rEunes.

Y,iugon Dated the day cf

It i5 hereby certifed thal the persons menlioned above

Wt their signotures in my presence.

,* , JLr2c . Pl|

WINB.C_orn. CPA, D.B.L, D.MI. DI.L,

Cerrif i6d public Acco unta ntAuditor & Fiuancial Consulrant

No.83. 3Zd Sheeq yangon.' !.t' j - 24 I L84,7 O9AZ7,3B3t t.t..

Sr.

No:Name, Address and

Occupation of Subscribers

Natiorulity&

N.R.C No.

Numberofshares

takenSignaffres

I

l

MRDUONG QUY NAMUnit-1,,Great CambridgeIndustrial Estate,Lincoln RoadEnfi eld"I\ttiddlesex,ENl 1SH,fondonPh/09-73046687dq-1e52tq (Merchanl

MR.YOUNG HING WAHUnit-l,Grcat CambridgeIndushial Estate I .incola RoadEnfi eldMiddlsex,Ef.{1 lSH,[.ondonPh/09-7304668?

oq -qle52t1 (Merchaltl

BritishPassport No

GBR-s109722

British ll

Passport NdGBR-So1349c

)

1140

L2

285I08

,t(


PRIVATE COMPANY LIMITED BY SHARES

€ktirles @t €lsgocfstionOF

YOUNG CI,OTHING LIMITED

**+*.:..i,The regulations contained in Table 'A'in the First Schedule to the Myanmar Companies AclshBll apply to the Company savc in so far as such regulations which are inconsistsnt with the

following Articles. The compulsory regulations stipulated in Scction I 7 (2) of the Myanmar

Companies Acr shall always be deemed to apply to the Company.

PRIVATECOMPANY

The Company is to be a Private Company and accordingly following provisions shall have

effeet: -

(o) The numher ol the Company , exclusivc of persons who are in the employment o.f

the Campany, shall be linired to fifty.(b) Any invitotion to lhe puhlic to subscribe.for any share or debenture or debenture

stock of the Company is "oreby prohibited.

CAPITALAND SHARES

3. The authorised capital olthe company is Ks. 1'900'000'009- 1 ryut,

.One Thousand and Nine Hundred Million Only ) divided into ( 19,000 )shares ofKs. 100,000/- /- ( Kyats Onc Hundrctl Thousand Only) each.

with powerin Cencral Mecting eitlrer to iucrease, reducc or aller sur:h capital liotn tiruc

to time in accordance with thc rcgulations of the Company and thc lcgislativc provisions for

the time being in force in this behalL

Subject to the provisions of the Myanmar Companies Act the shares shall be under the

confiol ofthe Directors, who may allot or otherwise dispose ofthe same to such persons and

on such terms and conditioas as they may determine.

-)

)

l.

4.

(5)The certificate oftitle to share shall be issued under the Seal ofthe company, and signed bythe General Min2ger or some other persons nominated by the Board of Directors. If theshare certificate is defaced, lost or destroyed, it may be rinewed on peyment ofsuch fee, ifany, and on such terms, if any, as to evidence and indemnity as the Directors may think fit.The legal representative ofa deceased member shall be recognised by the Directors.

The Directors may, aom time to time make call upon the members in respect of any moneyunpaid on their shares, and each member shall be liable to pay the amount ofevery call so

made payable by instirlments or may be revoked or postponed as the Directors may deter-mine.

DIRECTORS

unless otherwise determined by a General Meeting the number of Directors shall not be less

than ( 2 ) and more than ( l0 ).

The FirstDirec{orsshall be: -

(l)(2) MR.DUoNG QUY NAM

(3) MR.YoUNG HrNC wAH(4)

(5)

The Directors may from time to time appoint one oftheir body to the ofiice ofthe Managing

Director for such terms and at such remuneration as they think fit and he shalt have all the

powers delegated to him by the Board of Dircctors from time to time.

The qualilication of a Director shall be the holding of at least (-) shares in the Com-

pany in his or her own name and it shall be his duty to comply with the provision of Section

( 85 ) of the Myanmar CompaniesAct.

The Board of Directors may in their absolute and uncontrolled discretion refi$e to rcgister

any proposed transfer of shares without assigning any reason.

^ PROCEEDINGSOTDIREC"TORS

The Director pay meet togcther for the despatch ofbusiness, adjoum and othenvise regulate

their meeting as theythink fitand determine the quorum necessary for the tansaction ofbusiness. Unless otherwise determine4 two shall form a quorum. If any questiotr arising at

any meeting the Managing Directo/s decision shall be linal. When any matter is Put to a votc

and if&ere shall be an equality ofvotes, the Chairnran shall have a second or casting vote.

6

7

8.

9

10. .

11.

12. Any Director mafit any time summon a meeting of Directors,

5.

13.

(6)

A rcsolution in writing signed by all the Directots shall be as efrective for all purposes

as a resolution passed out a meeting of the Direqors, duly called held and constialtod

POWERS AI\ID DUTIES OF DIRECTOR.S

Without prejudice to the general power ccnferrcd by Regulatioa 7l of &e Table 'A"of the Myanmar Cornpanies Act, it is hereby utprcssly declared that rhe Dirccorsshall have rhe following powers, that is to say power:-

(l) To purchase or otherwise acquire for the Company any property, rights orprivilages which the Company is authorized to acqulre at such price, andgeairally on such terms and conditions as thcy thi* fit; also to scll, lease,

hbandon or otberwisc dcal with any Foperty', right or privilcges to whichtbc Gmpany Eay be cndtled, on such terrns and condtioas as they rraythirrk fit

,{2,) To raise, borrow or secure the payme nt of such sum or sums in suchmamer and upon such terms and conditions in all respects as they think fitand in particular by the issue of dcbcntures or debenrure stocks of theCompany charged upon all or any pan of &c property of &e Company(both prcscnt and futue) includiag its urcalled capital for the time beiug.

(3) At their discretioq to pay for any rigbts acquired or services rendered tothe Company, either wholly or partially in cash or io shares, bon&, debentures'or other securities of tho Company and any such shares may be issuedeithcr as firlly paid up or with suah amount crcdited as paid up thereonas may bc ageed upon; and any such bonds, debentures or other sccuritiesmay bc cither specifically charged upon all or any part of the propertyof the Company and its uncalled capital or not so charged.

(4) To secure the fulfrlment of any contract or ctrgagernent entercd into by theCompany by mortgage or charge upoa all or any of the property of thcCompauy and i$ uncalled capital for the timc being or by grantiog callsoa *ares or rn such ma$ler as &ey m*y think fit.

(5) To appoix at their discretion, renlove or suspend such Managers,Secretarics, Oficers, Ctcrks, Agcnts and Scrvan8 for peunanca! tcmporaryor spccial scrvices as they may from time to time think fit and to debrminethcir. duties and po*'ers and fix thcir salrrries or cmolumcnts and to rcquire

secrnity itr such instances in such arnount as they think fit and to depute

any ofrccrs of the Company to do all or any of thcsc &ings on thcir behalf.

(6) To appoint a Director as Managing Dircctor, Gcncral Manager, Seuetiry or

Departmental Manager in conjunction with his Directorship of the Coopany.

(7) To roccpl ftora iny rncraber on such terms and conditions as shall bc agrecd

oll the surondcr of his sharcs or any pal the.reof.

(7)

(S) To appoint any person or persons to accepJ and hold in trust for the

Company atry propcrty bclonging to the Company or in which it is interested

or for any other purposes and to execute dad do all such deeds and thingsas may be requisite in relation to any_,such trust.

(9) To instinrte, conduc! dcfend of abandon any legal proceedings by or againsl

the Company or its olficers or otherwise concerning the afairs of thcCompany and also to compound and allow time for payment or satisfactionof any debts due to or of any claims and demands by or against theCompany.

(10) To refer claims and demands by or agai61 the Company to arbitration and toobserve and perform the awards.

(ll) To make and give receips, releases and othcr discharges for money payable

to the Company and for the claims and demands of the Company.

(12) To act o8 behalf of the Company in all maters relating to bankruptcy andinsolvency.

(13) To determine who shall be entitled to sign bills of exchange, cheques,promissory notes, receipts, endorsements, releases, contracts and documentsfor or on behalf of the Company.

(14) To invest, place on deposit and otherwise deal with any of the moneysof the Company not immediately required for the purpose thereof, uponsecurities or irithout securities and in such manners as the Dtectors maythink frt, and from time to timc vary or roalize such investments.

(15) To execute in the name and on bebalf of the Company in favour of anyDirector or other pelson who may incur or be about to incur anypersonal. liability for the benefit of the Company, such mortgages of theCompany's property (present and future) as they think fit and any suchmortgage may cotrtai! a power of sale and such other powers, covenants andprovisions as shall bc agreed on.

(i6) To give any officer or other person employed by the Company a commissionon the profits of any particular business or transaction or a share in thegeneral profit of the Company and such commission or share of profit shallbe treated as part of the working expenses of the Compaoy.

(17) From time to time, to make, vary and repeal bye-laws for the regulation ofthe -business of the Company, the officers and servaots or the members

of the Company or any section thereof.

(i8) To cnter into all suoh negotiations and contracts and rescind and vary all

such cmtacts and execute and do all such acts, deeds and things in the

na.. urid on behalf of the Company as they may consider expedient for or inrelation to any of the matter aforesaid or otherwise for the purposes ofthe Company.

To borrow honey for tre benefit of the Conpanys business from any person,

firm or company or bank or financial organization of looal and abroad in the

manner that the Dircctors shall think fit'

(le)

/'\

I5

16.

t7.

18.

(8)

GENERAL MEETINCS

A geoeral meaing slsll be held within eighteea oonths from the date of irsincorporetion and tiercafter at least ouco in wery calen&ir year at suc& time ( notbeiag more &an fifteeir moaths a0ec the holding of thc last preceding ge gral

meeting ) aad places as oay be fxed by rhe Board of Directors, No business$all be traf,sected at any geoeral neaing ualess r quorum of mmbers is preseoted

at. tle .tims urheo ttre meetiag proceods to tusiaess, save as bereb otherwiseprovided Mober holiliog not 'Iess tLan 50 pcceat of tle issred shares crpital(lot less than two -crters) personally pred@! SaIl form a quoru4 f<ir dlpurposes. Aod if and uih€o in the case of tiere are only two, nudber ofmembers in the Compaly, tlose two nembers shdl .form s quorur[

DIVIDENDS

The Coryany in geoeral oceting may deolrre a dividend to be prid . to them&mberg but nO divide,rd shall oxcecd the arormt recoomeoded by theLtirectors. No divideads shall be paid otherwise thaa out of the profits of theyear or aoy other undistributed. profits.

OTTICE STAT,F

The Coryany shall mabtab an ofEce establiSme* and appoint a qualified p"1*oas General Manager and other qualified persons rs ofrce $affs. The remuerationsaad allowaoces such as salaries, travelling allowances aad other expeotlinres incidental

to the busitress ihall be detcrmined by tbe Borrd of Direccors,'and approved by tlegeneral meeting. Tho General Managcr $all be responsiblo for thc clficiqtoperation of the ofrce b ever], resect and shall !e held accoutable at all times to

the Managbg Director.

19.

AUDIT

Auditors s[a-! be . appoiated aad their duties regrdated in accordaace with the

provisiols of-fuc Myanmar Conryanies Act or ary statutory modificatioss lbereof

for thc time beiag in forcc.

20

Accot NTE

The Dheotors shall oauso to be kept proper books of ic€outrt with roqrcct to:-(t) all srrr,rs ol ,fioney receivcd and qaded by the Compady aad

thc uatten in *sped of which the recei$ ond apendiUrcs tal,,e placc;

(2) all sales .ud pardwes of gutls by the CotVary;(3) all arrds and lbbtllties of thc Compaay.

The boots of accormt chell $e kept at the registaad o6ce of the Coryany or

at suoh riths placc as tle Dbectors 5[{t rhink 6t and shall be opcned to inspectiol

by the Dhectors Auring ofrce hours.

2l

23.

(e)

NOTICE

A notice may be giva by the Coryany to auy m. cmbcr ei&er personally or setrdrne

it by pos in a prepaid letter adilresseil to his registered adtlress.

TBE SEAL

''llne Directors shall prwide for tlo safe custody of the Seal and the Seal shal)

never be used except by the authority of the Directors pleviously given, aud in thepresence of one Director at lcast, uiho shall sigp every in*nrment to ufiich the Seai

is afrxed"

INDEMNTTY

Subject to the provisions of Section 86 (C) of the Mya.r"a1 Coryenies Act' gd theexising lawq wery Director, Autlitor, Seoetary or ottrer offioers of the Coryanyshall be entitled to be inder',rnified by the Compauy against all costs, charges, losses,

experces and liabilities incurred by him in the execution and discharge of the dutjesor in relation thereto.

WII\DINGUP

Subject to ttre provisions contajned in tlc Myanmar Companies Act ard thestatutory modification thereupo4 the Coryany may be wound up voluntarily by theresotrtion of General Meding.

22

24

.t.:.**

t:,i

6r

t

( t0 )

We, the several persons, whose names, nationalitieg addresses and descriptions are subscribedbelow, are desirous ofbeing formed into a Company in pursrance ofthis Articles ofAssociation, andrespectively agee to take the number ofshares in &e capital of the Company set opposite our resp€ctivenames.

Yangon Dated the * auy of Jcoa , )otl,

It is here.by certified that lhe persons mentioned aboveput their signalure.s in my prcsence.

KHA G WiN

,:!t'

,$\

Sr.

NoName, Address and

Occupation of S ubscribers

Nationality

&N.R.C No.

Numberof shares

takenSigDah.res

I

2

MRDUONG QTIY NAMUnit -l,Great CambriclgeIndustrial E.statgl,itrcoh RoadEnfieldMiddlesex,ENl f SE,

(Merchanti

L.ondonPhl09'-73046687

Q -5t85214

BritisbPassport No,

GBR-sr09722.

BritishPassport No.

GBR-80r349s0

)

28

8

ffiI

B.Com., C.PA., D.B.L., D. r,4,L., D.I.L,Certified Public Acco untant

Audito, & Financial ConsultantNo.83, 32"d Srreet, Yangon.'Al-249 1 84,708827,3U3rJ35

MR.YOUNG HING WAHUnit -l,Great CambridgeIndustrial F.statgl,hcoltr RoadEnlield JVliddlesexpNl 1Sg,landonPh/09-73046687

q-5t852t4 (Merchant)

1140

FORMVI

RDTIJRN OF ALLOTMNNTSTEE MYANMAR COMPANIES ACT.

(See Secdon 104)

(To be filsd wi& &e Registar wi&in ooe mon*r aftertbo alomeat is made)

Retum of allotnent from the *i" ofon the f of woe' 29 ,o of

Made pursuant to Section I 04 ( I )

Numberof the shares allottedpayable in cash

20,,t3* YoUNc CoMPANY LIMITED

A@ar

th6

Nominal amount of the shares so allottedKs.73,X00,000/-

1

733 Sharcs

Ks,10q000/-

.-._.:::-....:'t Paid I&)r Aaount paid or due aad payable oa caah suc& share

Number of ordinary shares allotted for a consideration o&er than cash

Nonrinal amounl to be ordinary shares so allotted

The consideration for which such share have been a{otted is as follow : -

NOTE In makiug a returtr of allotueuts under Sectioo 104 (l) the Myaamar

Companies Act., it is to be noted that -

When a retum include several allonnents made on different dates, the actual

&te of only the first and last of luch alloment sbould be enrered at the tip ofthe ftont page, and the registration ofthe retum should be efected within one

month of &e fust date.

Wben a return relates to one allotrnent onln made on one particular date, that

date only should be inserted and the spaces for the second date struck out and

&e world made substihrted for the world nFrom" after the world nallotnents"

above.

Here insert name of Company,

Distinguish between preference, ordinary, or other description ofshares,

?

i,

1.

Presented for filing by : Mrt DUoNc euy NAMName, Address and Description ofAllotees

Name & N.R.C No

T.MR.DUONGQUYNPassport No.oBR - 5r09722r2

z.MR.YOUNO HINGPassporr No.GBR - 801349508

Signatu&

Date

Nuuber of the rhlres allottcd

Ordlnry

581

146

?33 Sbares

I

t',v

'."-l

@ gir ,,

Mr, Duong Quy NaoMaoagiug Dlroctor

'Josrg CoEpBEy Lioited.

lq.to',ot| '

Address DescrlptiouPreferenc€

ge

1

t

Msrct

Mercha

-1

lt.ln

l',

lant

Tolal

.M Unit -l,Great CambrirIndushial EstatqlincoRoad,Enfield,MiddlcsrENI I SH,Londoo.Phta9-73046687

09_5t8s2t7

.H Unit .l,Great CarnbridIndustrial Estae,Lincol]Road,Enlield,Middlese]ENI lSH.London. l

PW0s-73046687 ]

09-51852r 7

a

l'( tt{\,1 vl

trn'rtt ltN ( )F Al,t,( )'l't\.1 ti:N,l,l;1'l I It, NI YAN I\,t AI{ L*OM pANurjS A(]f.

(Sec Set{inu 104 )

{ lo Irc lilcrl ,*itl, tl,.' ltcgi.tr,r' *ilhin .rn: nuurrh nllcr re alkrtrrreut is rnarte )l{t'trtrtrtrl'rtllrrlrntnl l'nrrtrllr(' *pr

ort llrt' D"a rrl A?iL

\4ade pumulttt lrr Str:tiorr ll14 t l )

Nultrlrcr rr{ lltc sltirtr-s irlhrllt,rl lr J'lhlc irr r.lsh

Norrrirrttl trrtourrt ol'lhe slrart's so allrl(,tetl

r.tl' Aei L 2ll tq

ol' thc y$1fi6' cr.orlfirxc umrrsD

4382 Shsrg

Ks.438,2&$00/-

K!.100,00U-(Fully Pdd Up)

)lt tq

z\rtrourrt nlirl rrl rlut' irtrtl lra) ,lhle (nl clrslr srtrlr slrare. . . .. -.

Nurrrlrt'r rrl'rrnlirtrn' slrlr'rs irlkrt5lctl lirr lr ronsitltrr:rtirrtt otlrer tltart cash

Norrrirtal rlrrourrt kr he rlrtlirraly slrirlel; str alltrttetl

Anxlnrit lo lrr"' ltcrttgd ns lrli(l on.c;tclt srrt lr shttrq'l'hc ct,rrsirlt'ralkrn lirr rvlrieh strt.h slrnre lrave I'ccrr rrllo{lctl is ns ltrllow: -

,< NO l'lt : lrr rrruking n rc1unr ol'irllol[e(l urtrler Scctiort I 04 ( l) the Myarrnrar (\urrparries

Act., it is t(l lrc lKlle(l lltnl.

Wherr n rrrlurrr irrclrtdc sevctnl allolnlett(s tnatle ott difl'*rcrrt dales. llrc actttui

(lirlc (il'('nl) the lirst arxl lost ol'sut:h alkrtrngrtt slxxtld hc eltlelf,(l 01. {hc lil) rrl

tlrt'liorrt puge. utul llte registrrrliotl ol'llre tctutrr sltoultl lrc cl'l'ecLetl rvilllitr otre

rttottlh tr{'lhc lilsl r Lrtc.

Wlterr R rtlunr rclites ttr oue rlloltttettl $ttly, tttflrle otl otrc |lnr'ticrdar dnte. tlr l

tlutr' <rntt slrorrhl l,c ilsr.r lt'rl atttl thtt slrocer l'rr lltc oeurrttd dsle sL,(luk orlt cntl

llre rrrrrltl ttlal(lc strhstil,tllerl li,l' tlrc wor[l " lfrlrnl' atier thc rvotltl "

ollolntcnts" ttlrtrvc.

Ilcrt irrscll rtittt tc ttf('t'tltpnltl'.

l)isringuish hct\\('en l)ltl'clcltcc. ortlittary, or othcr descriplirrn ol'sltales'

I

t.

llrc'sr'nterl tor frllng by : M& DuoNc oLY NAM

Nrtnrc & N,ll.('

Name, Atldress antl

Adrlrcts;;l-

I.MR.DUONG QUY NPassporl No.GBR - s t 09722t 2

2,MR.YOUNG HINCPasspon.No.cBR - 80t349508

Unit . I,Grcat CambridgeIndusaial EgarctiacolnRoa4EnlicldMiddlcto<,BNl lSl{Ioodoo.Ph/o9.73046687

09.5 r852r 7

Unit .l,Great CambridgcIndustrial EgarlincohRood,Enfi cld,Middlcsex,ENI lSH,LoDdor.Ph/o9-73046687

09.5 lE52l7

S ignature 6?l)ate rD.q.)o"l

\,1 ANAGIN(J I )I ITECTOIT

I.,

l)escription of Allol tees

Dc.rtrinllorrNumbcr ofthc rhrrgr s0ott dI'rcfcrcncc ordinary

3506

876

Total {382 Shrres

II

I

I

I

I

I

I

I

I

I

i

II

Il-

li( utN,t vt

Rri'ru ttN ( )F Al,r,()'t'MItN't,S1'r I r, M y AN MAtr 1:119 1'41,,1 I ILS AC't'.

(See Seulir rrr 104 )

( lir he litctl rvith tlrc l{egistrar n-illril rrrre rrrorrlll 6fler' ths .llotnrerrt is rrrarle )lletrrlu ul'nlkrtruerrl liorrr Llrt 5b o[ q 20\

(), thc ,'*' .l' F-/ 2011 .l' thc louxc cr.orrnnc unrrr"o?vlnrlc lrurstntrt ttr Sectiol I (l.l ( I )Nunttrct ol'{ltc sllit[.s lllllc(l ,,itr-alrlc' irr ,:rrsh 6{E $urts

Nt'rrrinal arrrrrttrrt ol'(lre slrirres srr alirrl.lctl K!.5,t 00,0&y-

Aur.rr,l pairlrrr rlrrt ,rrrl Par.,hlt rrrr cirslr srrrlr sl*r.e. ... ... f;iffi;,

Nrmthcr ol ordirrln shares alkrtslqtl lir a c,,,'oi.l",r,titr, .,fh", ttrnu ao*h

Notttirul antotrrrt lo he or{irran' sh:rres so alLrltetl

n,uount l.() lN* trr.irl.c(l us plitl orr eaeh surlr shlrrt'l hc colsitL'laliun lirr rvhich su(h sllfl!e hive heerr nllolletl is ns lirlkrw: -

N0',l',ll : Itt rrtrkirrg n lctrrnr o['alkrllcrl rrrllcr lie<tkur l(f4 ( |I the Myonrlar (irrrrlrarries

A('1., it is to hc rxrFrl lhal-

Wltur a relrtrrt irrclurje scvernl all()ltrcnts rrndc orr difl'ercnt tlntes, tlre actual

tlole'olorrl,r, tlte lirsl oh(l last ol'sttuh allotrrrenl .sllrultl be eulered al the lip nl'

(ltc liont 1tage. iutrl llre registrnliotr ()t:tlrc rtlunl sltottltl he, t,fl'et(etl rvillritr otre

rtlutth (!l'{lrc lirsl clulc,

\\jherr n lclrtnr rclxles t(t oue tllolnrertl only, nrntlo orr orrc ra{iculrr tiaLe. thrt

rlatc orrl.r'slrrrnkl l,c itrsct'lcrl rtrrl tltc spttces iirr the sccorrrl dalc strttck orr( iutrl

llrr.. rvorkl nrrr.le srrhsti(ulerl lirr lhc !v(rtl(l x lrronr" nller lhc rvotttl "alhrlttrtrnls" alxrt e-

llcre illse11 niul'rc (rl'( irrtrParrr.

l )ist itrguish hct rrrur plcli'rc'rr(rc. otrlirrrt'y. tr otltcr dcsctil)liur r ol slrat cs.

2

i

I

't.

Prcst'ntcd lirr filing by : MR. DUONG QIIy NAM

Nrnrc rt N.ll.( No Ad rlrcss

I,MR.DUONGQUYNPasspon No.GBR - 510972212

2.MR.YOUN6HINGPassporl No,6gR - 80t349J08

Unit -l,6rear CambridgcIndusria.l EgstelincolnRoad,Enlicl4Mtddksc*,ENI I SH,London.Ph/09-7304668?

09-51852t?

Unit -l,Crcat CambridgcIadusaial Eststc,LincolnRoadf.{lield,Middl6ex,ENI I SHlondon.Ph/o9.73046687

09-5t85217

@{Signature

\Dats

NlANAGIN(i l)l Rllc'l'(.)R

q

\..,/

Narrre, A<lcLess rrnrl I)escription of Allol tces

Uescrlpllol!

Merchsnt

Merchart

Nunr of (he ,harql illottcdI'rdcrcrc€ ra

5rE

130

648 ShercsTotal

\!

1

I

I

I

II

I

I

I

I

II

I

I

I

I

iI

i

i

iI

I

I

I

lI

iI

l.-

{1, :r

0FORMVI

RETURN OF ALLOTMENTSTgE MYANMAR COMPANIES ACT.

(See Section 104)

(To be filed with the Regisfiar within one month after the allotment is made)

Retumofallotmentfromthe rid sf 3ar-r7 20fit5

onthe rts o1 5a:cary z}gts ' of the *

Made pursuant to Section I 04 ( I )

.t-\,tr .

.i-

Number ofthe shares allotted payable in cash

YOI'NG CI,OTIIING LIMIIID

2046 Sharcs

Kr204600,000/-

Ks.100,000/-

Nominal amount of the shares so allotted

Amount paid or due and payable on cash such share

(FnllyPaid Up)Number of ordinary shares allotted for a consideration other than cash

Nominal aqount to be ordinary shares so allotted

Amount to be treated as paid on each such share

The consideration for which such share have been allotted is as follow : -

NOTE In making a retum of allotnents under Section lM (1) the Myanmar

Companies Act., it is to be noted that -

When a retum include several allofireats made on differeot &tes, the actual

date ofonly the first and last of such atlotment should be entered at the tip ofthe front page, and the registration of the rehrn should be efected within one

month of tle first date.

When a retum relates to one allotrnent only, made on one particular date, thatdate only should be inserted and the spaces for the second date struck out andthe world made substituted for the world ,'From,' after the world ,,allotrnents"

above.

Here insert name of Company.

Distinguish between preference, ordinary or other description ofshares.

2

{:r

1.

Presented for flling by :MRDUONG QIIY NAM

Name, Address and Description of Allotees

Name & N.R.C No

l.MR.DUONOQUYPassport No.GBR - 510972212

2.MR.YOUNGHINGPassport No.GBR - 801349508

Qignature

Date

Number of the' share! rllotted

Ordlnary

t631

409

20,16 Shares

'lnl:. D,.(i"g Q'rY Nim

ManaS'jng Director

Young Clothing

Address DcscrlptlonPreference

EN1 I SH,London.PW09-73A46687

09-5185217

ENI I SH,London.Phl09-73046687

09-5185217

Indurtsial

Unit - l,GreatIndustial

Unit-

Q . t. :Ot5

Tot!l

Merchant

r)3101i0FORM XXVI

PARTICULARS OF DIRECTORS, MANAGERS AND MANAGING AGENTS AND OT'ANY CHANGES THEREIN( Myanmar Companies Act, See Section 87 )

Name of Company : Young clotf,ing Limited ' presented by ; f1r. vwc, Ya-6 *

I .Mr. Wu Yongj ie

2.Mr. Gu Hongcheng

3.Mr. Xu Jian

D

NOTE: (l ) A Complote list of the Drcctors or Managers or Managing Agents shown as existing in the last particulars.

and by writing against arry former Director's name the the word "dead" "resigned' or as the case may be gi ving the date of change

Signatare

against the enay.

M;Designation ...............Manaqrpg.Dlreclor.....'.

Young Clothlng Lirnited.

1 k,,ti\. Wu Yongfle

I

Dated rlis ....... R.: 9..-.2O.1A...

Form (26)

(

Thc PresentChristian name

or names ofsurnames

Nationality,National

ReglstrationCard No.

ChangesUsual Residentlal Address

ChinaPassport No.E 77789275

ChinaPassport No.E 72880461

-Change Form Managing DiectorTo Director with effect fiom--Change From Passport No.G-40576089 with effect &om- goo

Resigned From Director withefect fiom- b.5'bt7

Appointed As Managing Director

with effect ftom-30.3.201 7.

No.404, Block 4, Hongtuyua4 einhuai District,Nanjing City, China.

No.604, Block 18, Beixiu Town, Gulou District,Nanjing City, China

Room 13. Building No. 175, Hongshan Rbad;Xuart u DisriaL Ninl ing, Ci,ina

OtherEusiness

Occupation

Merchant

Merchant(

ChinaPassport No.G 572t7716

Mercbant


LIST OF STIAREIIOLDERS.FORM E.

(As required by part II of the Act. See Section 32

{<*a*{.

SUMMARY OF SHARE CAPITAL AND SHARES OF THEYOUNGCLOTHING COMPANY LIMITED

Ma[e ug to tfu e8-lr day of ,Monkx 6eing ttu day of ttu20tEfvst Ordil/ny $ewral Meeting br

Nominal Share C*!i1al - KDivided into *

1.900.000.000/-' Share's of K each

and 19,000 shares of K. 100,000/- each

and Shares of K. each

and Shares of K. each

Total number of shares taken up to the day(This numbermust agree, with the total shown in the list: as held by existingmembers)

Numb$s of Shares issued subjcct to payment wholly in cash ....

Numbers of $hares issued as fully paid-up otherwise than in cash

Numbers of Shares issued as partty paid-up to the extent ofper shareOtherwise than in casb

It There has been called up on each of 7809 Shates K.There has been called up on each of Shares K.There has been called up on each of Shares K.

+ Total amount of calls received including payments on applicationsnd allotment K.

Total amount agrge to be considered es paid shares which hove becn

issued as fully paid up otherwisc than in cash K.Total amount agreed to be consider€d ss paid shares which have bccn

issued as Panly paid-up to the extent of ....... per Share K.

Totsl amount ofcalls unpaid K.Total amount of sums paid by way of comrnission in respect of shares

or debentures or allowed by way of discount since date of last

summary K.'fotal amount ofshares forfeited K.Aggregate number ofshares forl'eited K.

Total amount ofshares and stock tbr which share-warrants are

outstanding K.Total amount of sharc-warrants issucd K.

Do do surrendered since date oflast summary K.Numtrer of shares or amount of stock comprised in each share-

warrant K.

Total amount of debt due ftom thc Company in respect ofallMortgages snd Cbarges nthich are required to be r€gistered

with the Registar under this Act ... ...' K.

Ks.780,900,000/-

,{

7809 Shares

Ks. 100,000/-' (ftdlyPaidup)-

1n" Mi.

.)r..o.gss.P.ie$rhc.LiBired,

When there arg shares of diflbrent kind ofmounls (e.g., Preference ald Ordinary or K.2000 or 1000)

state the numbers and nominal values separately.

O Where various amounls have been called, or therc are shares ofdiffcrent kinds stat€ them separat6ly.

+ Include what has been received or forfeited as on existing shares.

foR[, !

a

FORII E-Contd. LIST OF PERSONS HOLDING SHARES IN THE .....,....on the . 2R& day ofAnd o/Persont who have held thares here iR ot dhy tin e

Addresses and accounl

NAMES ADDRESSES AND OC]CUPATIONS.

Foliolll

regrster

. Slate the aggrcgatc numbgr of3harcs fo eired (lfany)

-]lraggrEg!!numbcrofd|.l!3h.ldrrinotrhrdi$rincliv.rlumb.B,mulrlEs1,llc4 and rhc column mutl be rdd.d up

rhroughour so as ln l:l5l$ on! toitl 1o ryrc. wilh thrt stlt d in oe 3uml!.I) ro hlvc bcan iilc, up.

, Whcn th. ttst6 ..t of diftc,.nl cl,s*!. lhts. colum,s tllly b. $bdivialcd, io tt r th! numbcr of t!.h ch.€ b.td or innrfcrEd mry b. ,t|oqr.

rORM I:

*Nationally

China

China2.

+%#tutr. drHo"g$.rg

DirectorYoung Cbthing trnnitetl.

Name in Full Father's Name. Address Occupation or Cssts

Mr Ou Hongche

Mr. Wu Yongiie

rlg No.604, Block 18,

Town, Gulou Disui,City, China.

No.404, Block4, H

Qinhuai Districl Ne

China"

cngful,uan, Merchantnjing City,

Merchantleixiu;t, Nanjing

l.

YO{NG CLOTHING 3

...,,........COMPANY LIMITED.......k-kirfu,-,.,..fu t{............Since the date ol lat tqurn, shoti.tg thet nan 6 otd

Ofrhe fiaret so held

REMARKS.

Dalo and numb.r ofcendicatc ofcitizcnhip if

ksu.d byGovcmrncnt ofthrUnion ofMrtunar

GBR-s7217716

GBR-40576089

Total

ACCOUNT OF SHARES

tt Particula6 ofSha.ci llonsfcncd sinc.fie d&tc ofthe l.sr retum by pcrsons wfio

e.€ siill Mcallb.ri

.. P.rlicuhr! ofslEllr Tr.ttlfrftd sirEcdr data ofth. last rctum by pcnotu who

Cearcd !o bc Memb€r3

'Nunb6 of$ar6 heldby .

rr(isring Mcobctsat datc ol rclurn

-NumbcrDdc of

lcgirtiuion oiTrrh3fcl

, Nunbc!oai. of

Rceistdoir ofTruI.fcr

l 561

6248

7809 Shares

You;

Lt .GuDirector

Clothing Urnited.

" The data of RcsistEtion ofeach traDsfer should bc givcn ,s wall a! tha Numbs of shrr.s Eansfcncd on oach dara. Thc parriculaE ihouldbe placad oPpositc lhc nemc oflhe Tratsferor and not oppoaite tha( ofth. Traosfcree, but thc nrlna ofthc Transfcrec may bc iBertcd in the

"Rpmarks" colun& lnrn.diat ly opposit $e prrticulds of elch Transler,

4

FORM E-Contd.YOUNG CLO'I'HING

Names and addresses of the persons who are the DIRECTORS of the

COMPANY TIMITEDll

on tne ...........fri*..........,...{.+xp.I. ,\ir*,$kr.......?ots.....................,..

NAME

2. Mr Gu Hongcheng

I. Mr WuYongjie Block 4, HongfiryuanDistsicl Nanjing City,

Block 18, BeixiuGulou Districl,

City, C.hina

China

Passport No.G - 40576089

Chirn

Passport No.G 512177t6

Dircctor

Clothing l,imitcd-

NationalityCirizens of the

Union of MyanrnarFOREIGNERSADDRESS

5

FORM E-Contd.

Names and addressesYOTINGCLOTHING

of the persons who are the MANAGERS of the

COMPANY LIMITED

On the kr$aFcx..,....*1c

NAMENationality

Citizens of theUnion of Myanmar

issuedI also here by certifr

any invitation to thc public to

+%lL[{r. GuHongchJr:g

Direcloro;:ng Clothing Linrired.

Note-Banking Companies must add a list of all their places of business.

ADDRESS

the company has not since tl

sc.ribed for the shares or debent

Nil

re dated of last

ure ofthe company.

,...,.,.1.fu'..61*. ..HOyLh*:S.. ...,. <lo hore by,cerrifo.thar the abovo lisr and

summary truly and conectly stsle thc facts as they stood

on,t. .........B*.................. day or .*ac,xr*'l.er. 1nI

(Sl ate *,hether D ire c t ortta------ ^- C,--.-^)

Signatute

aer

Mr. Guldngcheng

dav ofe"th

FOREIGNERS

+"

.la

"*ffi;,


FORM E.

NAME OF THE COMPANY

YOT]NC CLOTHING LIMITET)

REGISITERED OFFICENo.l8212 & 182/11, BamawATwin Wun Street,

Shwe Lin Pan Induslrial Zone, Hlaing Tharyar'lownship, Yangon Region, Myanmar.

MANAGINGAGENIS:

young Ciothing Lirnitcri,

Summary of share Capital and Shares.

List of Persons holding Shares.

Names and Adtlresses of Directors,

Names and Addresses ofManagers.

o

o

.:.;

Date4 ..........4*: ...&.**r**.,#. :s.,,,

\i_

,.f

The Myonmor lnvestrnent Commisirn

PERI'llT

Dc*e l-6

*

PdrrnitNo. 6271,rd3 3

The l4ycmmo lrwesfrns{ Corrrn[sbn b$.Es trls Perrnit urder sectim lSlb]

dthe Reput$icof&e Unkrn of Mycrrna Foreiryr bn@rtLcn^r-Ncurreoflnvestor/Prqrypter MR. DUONG QUY NAM(o)

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{c } }op}Emqr9cun opd${

THE REPUBLIC OFTIIEUMONOFMYANMARMYANMAR INVESTMENT COMMIS SION

Building No.(32), Nay Pyi Taw

Ourref : DICA-llFl-7ggl 2013(\to5 Tel 067 - 406334, 40607 5

Fax: 95-67-406333Date : a[ November 2013

Subject: Decision of the Myanmar Investment Commission for Amendment of the name

of the conpany.

Reference: Young Co., Ltd. Letter dated (30-10-2013)

1 . The Myanmar Investment Commission, at its meeting (2912013) held on

(6-l l-2013) had approved that the name of company be amended from "Young Co., Ltd."

to "Young Clothing Ltd."

2. Hence, the name of company be amended Young Clothing Ltd. accordingly

on the permit No.62712013 dated26-9-2013.

3. It is also notified that Young Clothing Ltd. shall have to abide by all terms and

conditions stated in the Commission's letter No.Ya Ka-1/Na-8481 2013(17l6l-J) dated

26-9-2013.

For

(Mya Thuza,, member)

Young Clothing Ltd. '''cc: l. Office of the Union Government of the Republic of the Union of

Myanmar

2. Office ofthe YangonRegion Government

3. Yangon City Development Committee

4. Ministry of National Planning and Economic Development

5. Ministry of Finance

6. Ministry oi Commerce

7. Ministry of lndustry

8. Ministry of Foreign Affairs

9. Ministry of Home Affairs

10. Ministry of Immigration and Population

11. Ministry of Labour, Employment and Social Security

I 2. Ministry of Environmental Conservation and Forestry

)

Youog Clothint-Decision( I 5.1 l-2013)

Confidertial

INV.I

tl matI

-2-

13. Ministry of Electric Power

14. Chairman, CMP Enterprise Supervision Committee

15. Director General, Directorate of Investment and Company Administration

16. Director General, Directorate of Human Settlement and Housing

Development

17. Director General, Directorate of Industrial Supervision and Inspection

18. Director General, Customs Depa ment

19. Director General, Internal Revenue Department

20. Managing Director, Myanma Foreign Trade Bank

21. Managing Director, Myanma Investment and Commercial Bank

22. Managing Director, Myanma Insurance

23. Managing Director, Myanma Electric Power Enterprise

24. Director General, Directorate of Trade

25. Director General, Immigration and National Registration Department

26. Director General, Directorate of Labour

27. Director General, Department of Environmental Conservation

28. Chairman, Republic of the Union of Myanmar Federation of Chambers ofCommerce and Industry @MFCCI)

Young Clothing-De.cision(l 5-l l-2013).do€

Conlidential

INV.I

Confidentiol

THE REPUBUC OF THE UNION OF MYANMAR

MYANMAR INVESTM ENT COMMISSION

Building No.(32), Noy PyiTow

Subjec{: Decision of the Myonmor lnvestment Commlssion on the

Proposol for "Monufqcturing of Gormenb on CMP Bosis"

urder the n<rme of 'Yotrtg Co., tjtd"

Reference: Young Co., Ltd., Letter doted (4.7.20131.

l. The Myonmor lnvestment Commission, crt its meetinq (2412013) held

on(l l-9-2O13) hod oppro.ved the proposol for investment in "Monufocturing

of Gorments on CMP Bqsis" under the nome of "Young Co., Ltd." submitted

by Mr. Duong Quy Nom (80 %l ond Mr. Young Hing Woh l2O %) from United

Kingdom os o wholly foreign owned investment.

2. Hence. the "Permit" is herewith issued in occordqnce with Chopter Vll,

section l3(bi of the Republic of the Union of Myonmor Foreign lnvestment

Low ond Chopter Vlll, Rule 49 of the Foreign lnvestment Rules reloting to

the soid Low. Terms ond conditions to the "Permit' ore stqted in thefollowing porogrophs.

3. The permitted durotion of the project shol be SO (Fifty) yeors ondextendqble for lo {Ten} yeors 2 (two) times commencing from the dote ofsigning of the Leose Agreement for lond ond building by mutuologreement between U Win Myint @ Gon Sune Sein ond young Co., Ltd. At theend of the Leose period, Young co., Ltd. sholl be responsible to keep in goodrepoir ond condition of the buildings ond stuctures in the demised premises ondhond over such buildings ond struch.res in such good repoir ond condition otthe expiry of the L.eose period ond trqnsfer the leosed lond ond buildings(immovoble properties) to the lessor in such condition within 3 months.

Our ret : Yq Ko-llNq€48/2013{ r +t er- ) JDote 2J. September 2Ol3

TeL 057- 4A$34,405075Fox: 95-67-406333

Confiderdiol

Confdentiol

-2-4. The onnusl rent for the lond ond building shsll be Kyots 50,O00,O00

{Kyots sixty million only} cclculoted <rt the rqte of Kyots 5,110 per squore'meter per yeor of the lond measuring I1,739.94 square meter (2.901

ocresJ. The rote of rent sholl be revised in view of prevoiling lond leaserctes qfter 5 (Five) yeors period <tnd increqse of the rote shcrll not be more

thon l5 % of the preceding onnuol rent.

5. ln issuing thij "Permit." the Commission hqs gronted, the followings,

exemptions ond reliefs os per section 27{o} {h}{i} ond (k} of the Republic of

the Union of Myonmor Foreign lnvestment Lsw. Othor exemptlons ondreliefs under section 27 sholl hove to be opplied upon the qctuolperformonce of the project;

{q) As per section-27(o), income tox exemption for o period ol five

consecutive yeors including the ye<rr of comrnencement on

commerciol operotion:

{b} As per section-27{h}, exemption or relief trorn customs duty or

other internol toxes or both on mochineries, equipmen'ts,

instrurnents, mochinery components. spore ports ond moteriois

used in the business which qre imported os they ore octuollyrequired for used during the period ol construction of business;

(cJ As per section-27{i), exemption or relief from customs duty or other

internal toxes or both on rsw rnoteriols imported for production for

the first three-yeor ofter the completion of construction of

business;

(d! As per section-27{k}, exemption or relief from commerciql tox on

the goods produced for export.

6. Young Co., Ltd. sholt hove to sign the Lond ond Building Leose

Agreement with U Win Myint @ Gqn Sune Sein. After signing the Agreement,'{5} copies sholl hcrve to be forworded to the Commission.

7. Young Co., Ltd. in consultotion with the Deportment ol Compony

Registrotion. Directorote ol lnvestment and Compony Administrolion sholl

hove io be registered. After registrotion. (5) copies eo'ch oi Certificote of

lncorporotion ond Memorondum ond Articles of Associoiion sholl hove to

be forworded to the Commission.

Yo,,q n .irie confidentio]

(^'

Confidentiol

-3-

B. Young Co., Ltd. sholl use its best efforts for timely reqlizotion of works

stcrted in the Proposcrl. lf none of such works hqs been commenced within

one yeor from the dote 6f issue of this "Permit" it shol become null ond

vold.

9. Young Co., Hd. hqs to obide by Chopter X, RuIe 58 ond 59 of the

Forei gn lnvestment.Rules for constuction period.

10. As per Chopter X, Rule 61 of the Foreign lnvestment Rtiles extension of

consbuction period shqil not be gronted more thon one expect it is due to

unovoidoble events such es noturol disosters, instobility, riots, stikes, emergency

of Stote condition, insurgency ond outbreok of wors.

11. As per Chopter X, Rule 63 of the Foreign lnvestrnent Rules, if the Young

Co., Ltd. connot constuctcompletety in time during the construction period or

extension period, the Commission will hove to terminote the permit issued to the

investor ond there is no refund for the expenses of the project.

12. The commerciol dote of operotion sholl be reported to the

Commission.

13. Young Co., Ltd. sholl endeovour to meet the torgets for production

ond export stoted in the proposol os the minimum torget.

14. The Commission opproves periodicol oppointments of foreign experts

ond techniciqns from obrood os per proposol in occordonce with

Chopter Xl, section 24 ond section 25 of the Republic of the Union of

Myonmor Foreign lnvestment Low ond Young Co., Ltd. hos to follow the

exisiting Lobour Lows for tha recruitment of stoff ond lobour in occordoncewith Chopter Xlll. Rule 84 of the Foreign lnvestment Rules.

15. ln order to evoluote foreign copitol qnd tor the purpose of its

registrotion in occordqnce with the provisions under Chopter XV,

section 37 of the Republic of the Union of Myonmor Foreign lnvestrnent

Low, it is compulsory to report os eorly os possible in the following monner:-

(o) the omount of foreign currency brought into Myonmor,

ottoched with the necessory documents issued by the

respective bqnk where the occount is opened ond defined

Confiden'tiol

Confidentiol

-4-

under Chopter XVl, Rule 134 ond 135 ot the Foreign

lnvestment Rules;

{b} the detailed lists of the Vpe ond vcrlue of foreign copitol

defined under section-2(i) of the soid Low, other thon

. foreign currency.

t5. Young Co- Lt9. brings in foreign copitql defined under section-2(i) of

the soid Low, other thon foreign currency in the monner stoted in

porogroph 15(b) mentioned qbove, the lnspection Certificote endorsed

ond issued by on internotionolly recognized lnspection Firm with regord toquontity. quolity ond price of imported mcteriols sholl hqve to be qttqched.

17. Young Co., Ltd. hqs the right to moke occount trqnsfer ond expend

the foreign currency from his bonk occount in occordonce with

Chopter XVl, Rule 136 ond for tronsfer of locql currency generoted from

the business to the locol currency occount opened of the bonk by o citizen

or o citizen or o citizen-owned business in the Stote ond right to trqnsfer

bock the equivolent <rmount of foreign curency from the foreign currency

bonk occount of citizen or citizen-owned business by submitting the

sufficient document ih occordonce with Chopter XVll, Rule 145 of the

Forei gn lnvestment Rules.

18. Young Co., Ltd. sholl report to the Commission for ony olterotion in thephysicol ond finonciol plon of the project. Cost over run, over ond obove

the investment qmount pledged in both locol ond foreign currency sholl

hove to be reported os eorly os possible.

19. Young Co., Ltd. sholl be responsible for the preservotion of the

environment qt ond qround the oreo of the project site. ln oddition to this, it

sholl corry out os per instructions mqde by Ministry of Environmentol

Conservotion ond Forestry in which to conduct lnitiot Environmentol

Exominotion (lEE) process ond on Environmentol Monogement Plon (EMP)

which describe the meosure to be token for preventing, mitigotion ondmonitorin g significont environmentol impocts resultin g from theimplementotion qnd operotion of proposed project or business or octivityhqs to be prepored ond submitted, ond to perform octivities in occordonce

Confidentiol

(

Conffdentol

-5-

with this EMP ond to obide by the environmentol policy, Environmentol

Conservotion l,qw qnd other enyironmentol reloted rules ond procedures.

20. Popnent of principol ond interest of the loon {if ony) os well os

popnent for import of rqw mqteriqls ond spore ports etc., shqll be mode

either out of the locql soles in kyot currency ond USg or from exporteornings (CMP chorges) of Young Co., Ltd.

21. Young Co., Hd. in consultqtion with Myonmo lnsuronce, sholl effectsuch types of insuronce defined under Chopter Xll, Rules 79 ond B0 of theForei gn lnvestment Rules.

\';)4(Win Shetn)

Choirmont

Yourg Co., Ltd lrt\

cc: l. office of the union Govemment of the Republic of the union ofMyonmor

2. Otfice of the Yongon Region Government

3. Ministry of Notionol plonning qnd Economic Development

4. Ministry of Finonce

5. Ministry of Commerce

6. Ministry of lndustry

7. Ministry of Foreign Affnirs

8. Ministry of Home Affoirs

9. Ministry of lmmigrotion qnd popnlotion

10. Ministry of lobour, Employment ond Sociot Security

11. Ministry of Environmentol Conservotion ond Forestry

12. Ministry of Electric power

Confidentiol

rt Confdentiol

-6-

13. Director Generql, Directorote of lnvestment ond Compony

Administrqtion

14. Director Generol, Directorote of Humon Settlement ond Housing

Development

15.'Chqirmcrn, CM P Enterprise Supervision Committee

15. Director Geherol, Directorote of lndustriol Supervision ond

Inspection

17. Director Generol, Customs Deportment

18. Director Generol, lnternol Revenue Deportment

19. Monoging Director,, Myonmo Foreign Trode Bonk

20. Monoging Direcfor, Myonmo lnveStment <rnd Commerciol Bqnk

21. Monoging Director, Myonmo lnsuronce

22. Monoging'Director, Myonmo Bectric Power Enterprise

23. Director Generol, Directorqte of Trode

24. Director Generql, lmmigrotion ond Notionol RegistrotionDeportment

25. Director Generol, Directorote of Lobour

25. Director Generol, Deportment of Environmentql Conservotion

27. Choirmon, Republic of the Union of Myonmor Federotion ofChqmbers of Commerce qnd lndustry (UMfCCl)

Confidentiol

{6!)tioA-e

$ glecoo6q o gor$ $ oa{6 e e0,6

E$en{6d69!$ig16 ggecc6c1E

.1ocB 196 oc6o6ca.:co -rG

qn6"t .1.flu1g€$1.S$.e"go8 G32/.1ocp q6 $EaoEqlcf

3ocG qg6 o$po1Qo ;3 qaeq.qd o-i16'o$iq6ecr: p$ec{SeqS:$,816$t

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€o*eerocr6(D*EL"Ad moE!, $6eor g€ "1q5cE6co {s?.i

nur. Duong &uy Nom.

British, Unit-1, Greot Combridge lhdustriol f$ote, tincoln Road Enfield,

Middlesex, ENI 1SH. tondon. United Khrgdom 9 Mr.Gu Hongcheng, Chinese,

No.604. Block i8, Beixiu Town, Gulou District, Nonjing City, People's Republic of, o rrc c o c cLnrno Q. BcaoccuLcDc)E[

(cn ) m ccn co$1qei ca c Ei _ _ M_& -G_rJ- H0 NGC-Lr-EN G - -

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eo)

q.6$'..1ocG 2gd eo5co n",qd€f6r:x q$E$BL

.HINESF.

Form (2!

Annexe-l41.>

zr.l.?016 THE REPUBLIC OF THE UNION OF MYANMARMYANMAR TNVESTMENT COMMISSION

Amendment on Permit No. 62712013 datecl 26th September, 20I3

The Myanrnar Investment Commission, at itq meeting 2/2A16 held on

22th Jantrary, 2016, had approved that the nanre of pru-moter, citizenship and

address of Young Clothing Ltd. be changed ftom " Mr. Duong Quy Nam,

British, Unit-1, Great Cambridge lndustrial Estate, Lincoln Road Enlield.

Middlesex, ENl lSH, London, United Kingdom to Mr. Gu Hongcheng, Chinese,

No.604, Block 18, Beixiu Town, Gulou District, Nanjing City, People's Rcpublic ofChina".

(a) Name of Investor/Promoter G

(b) Citizenship ---_ CIJINESE

(c) Address NO.6 04, B-r'-a-Q K ! B, .B"E {XtU- "TQWN, _G-u- lQU . _ - - . -

- qlsr&lqr. l! 41_"r I l!'! q .q]ry,_ PEOPLE'S C OF CHINA

HON

(Mya Thuza)

tL

Date ::a March 2016Location : Yangon

Joint Secretary{/

117't2s.3.2616 TIIE REPUBLIC OF THE UMON OF MYANMAR

MYANMAR INVESTMENT COMMISSIONNo.(l), Thitsar Road, Yankin Township, Yangon

Our ref : DICA-3 lFl-627 /2016( 44q ., )&Date ::8 March 2016

Tel:95-1-658128

Fax:95-1-658141

Subject: Decision of the Myanmar Investment Commission forAmendment of the name of Promoter, Citizenship, Address

and Shareholder name .

Reference: Young Clothing Ltd. Letter dated, (24-3-2016).

l. The Myanmar Investment Commission, at its meeting(212016) held on

(22-l-2016), had approved that the name of promoter, citizenship, address and

shareholder name of Young Clothing Ltd. be changed from " Mr. Duong QuyNam, British, Unit-l, Great Cambridge Industrial Estate, Lincoln Road Enfield,Mddlesex, ENllSH, London United Kingdom to Mr. Gu Hongcheng, Chinese,

No.604, Block 18, Beixiu Town, Gulou District, Nanjing City, People's Republic ofChina" .

2. It is notified that shareholder name and its ratio of Young Clothing Ltd.shall be changed as Mr. Wu Yonglie (80%) and Mr. Gu Hongcheng (20o/o) fromPeople's Republic of China as a wholly foreign owned investment.

3. Hence, the name of promoter, citizenship and address be hereby anrended

as " Mr. Gu Hongcheng, Chinese, No.604, Block 18, Beixiu Town, Gulou District,

Nanjing City, People's Republic of China" accordingly on the Permit No. 627l2013 dated 26-9-2013.

4. It is also notified that Young Clothing Ltd. shall have to abide by all terms

and conditions stdted in the Commission's Letter No. Ya Ka-lAIa-84812013(17 161)-J dated 26-9-2013.

for C rman

(Mya Thuza,Joint Secretary)

'Young Clothing Ltd.

cc: l. Office of the Government of the Republic of the Union ofMyanmar

Confidential


3. Ministry of Foreign Affairs

4. Ministry of Environmental Conservation and Forestry

5. Ministry of Electric Power

6. Ministry of Immigration and Population

7. Ministry of Commerce

8. Ministry of Finance

9. Ministry of National Planning and Economic Development

10. Ministry of Construction

11. Ministry of Labour, Employment and Social Security

12. Central Bank of Myanmar

13. Office of the Yangon Region Government

14. Director General, Department of Environmental Conservation

15. Managing Director, Myanma Electric Power Enterprise

16. Director General, Immigration and National Registration Department

17. Director General, Customs Department

18. Director General, Internal Revenue Department

19. Director General, Department of Trade

20. Managing Director, Myanma Insurance

21. Director General, Directorate of Investment and Company

Administration

22. Director General, Department of Urban and Housing Development


24. Director General, Directorate of Industrial Supervision and Inspection

25. Managing Director, Myanma Foreign Trade Bank

26. Managing Director, Myanma Investment and Commercial Bank

27. Chairman, Republic of the Union of Myanmar Federation ofChambers of Commerce and Industry OMFCCI)

W^.'n^ rt.^i.i^- rIn',-.t\ I

Confidential

66( ri(}:o)-oto

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eao$:eacgig{*6o* wal 'Sicgapore Keluoei In*}ustry Fte. Ltd., trO Ancon

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MY.&e&dA& S{VffiX}.{X$Y e }I&X&SI$}{

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?be Myanmar lnve$trxeNrCoxlr&i*$ior, &t it$ $reeting &12$1? heid cn

Iglh May ?0I?, kael appn:ved that fhr name of Invsstcl# &.omoter and

e*dlta$,s *f Y*ung Cl*thing Ltd. tls drmrgcd &0q& "Mr.6{ Hmrgeherg, N*.6S4,

Blclck 18, &eixiu ?*wx, Cuiou District, Nanjing Ciry, kr:pl*nx }tepublie of

Chi&ao tn ".&alr.Xu Jice, &oom 13, B*rililing No.l?S, X**gshxlr &r:&d, X,ua$wu

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Coufidential

THE REPUBLIC OF THE UNION OF MYANMARMYANMAR INVESTMENT COMMISSION

No.(1), Thitsar Road, Yankin Township, Yangon

Tel: 95-1-658128 Ourref :MIC-3/FI-84812017(5SE.n;Fax: 95-1-658141 Date ; zAF May 2017

Subject: Decision of the Myanmar Investment Commission forAmendment of the number of shares and ratio, 1[s leme ofInvestor/Promoter, Address, the name and atldress of principal

organization and place of incorporation of Young Clotling Ltd..

Reference: Young Clothing Ltd. Letter dated 17-5-2017.

l. The Myanmar Investment Commission, at its meeting 812017 held on

lgth May 20L7,had approved that the number of shares and ratio under the

name of "Young Clothing Ltd." be changed from "Mr. Wu Yonglie (80Vo),

and Mr. Gu Hongcheng(20Vo)" to "Mr.Wu Youngjie (O.0l1o) and Singapore

Keluosi Industry Pte.Ltd. (99.999o)" from Republic of Singapore as a

wholly foreign owned investment.

2. In addition, the name of investor/promoter and address be changed from

"Mr.Gu Hongcheng, No.604, Block 18, Beixiu Town, Gulou District, Nanjing

City, People's Republic of China" to "Mr.Xu Jian, Room 13, Building No.175,

Hongshan Road, Xuanwu District, Nanjing, People's Republic of China", the

name and address of principal organization be added "Singapore Keluosi

Industry Pte.Ltd., 10 Anson Road # 19-01 International Plaza Singapore

079903 and place of incorporation beadded"Singapore".

3. It is notified that the name of investor/promoter and address be hereby

anpndedas "lvk.Xu Jian, Room 13, Building No.175, Hongshan Road, Xuanwu

District, Nanjing, People's Republic of China" and the name and address ofprincipal organization and place of incorporation be added "Singapore Keluosi

Industry Pte.Ltd., 10 Anson Road # 19-01 International Plaza Singapore

079903 and "Singapore" accordingly on the Permit No. 62712013 dated

26-9-20t3.

4. It is notified that Young Clothing Ltd. shall have to abide by all terms and

conditions stated in the Commission's Letter No. Ya Ka-1/tla-848/2013

( 1 7 1 6 1 -J) dated 26-9 -201 3 and No. DICA-3/EI-627 DOI 6(47 -D) datpd 28-3 -2016.

(Mya

Joint Secretary

YoungClothingltd. M

cc: 1. Office of the Government of the Republic of the Union of

Myanmar


3. Ministry of Natural Resources and Environmental Conservation

4. Ministry of Labour, Immigration and Population

5. Ministry of Industry

6. Ministry <if Commerce

7. Ministry of Planning and Finance

8. Chairman, CMP Enterprise Supervision Committee

9. Office of the Yangon Region Government

10. Director General, Department of Bnvironmental Conservation


12. Director General, Department of Immigration

13. Director General, Directorate of Industrial Supervision and

Inspectidn

14. Director General, Department of Trade

15. Director General, Department of Directorate of Investment and

Company Administration

16. Director General, National Archives Department

17. Director General, Customs Department

18. Director General, Internal Revenue DepartmentConfidential

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Acknowledgernent

16 -2017

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Township

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^CCOUITITG A O CORPORATE RECULATORY AUT}IORITV

(ACRA) FILE

Company No: 2O1532122K

CERTIFICATE CONFIRMING INCORPORATION OF COMPANY

This is to confirm that SINGAPORE KELUOSI INDUSTRY PTE. LTD. iSlncorporated under the Companles Act (Cap 5O), on and from 18/o8 l2ol5and that the company is a PRfVATE COMPANY LIMITED BY SHARES.

GIVEN UNDER MY HAND AND SEAL ON T9/O8I2015,

(*-"-'LIilDA LEEASSISTAIIT REGISTRARACCOUNTING AND CORPORATE REGULATORY AUTHORITY (ACRA)SINGAPORE

r\cnn

a

.1..

.'ti 1

,IEtrfrHERT.CRCOOJ

ER' OROANIZATION ;6r$aa "Hti6E66" ?ft'lEf#Br i-

AEfr6Paid-up cap

1oo *e6txCrop Name

SINGAPORE KELUOSI INDUSTRY PTE,

LTD.

&lifi6lssued Cap

300E*t

,4e!!*Business

Activates

!, 64202 Other investment holding companies

2. 46900 teneral wholesale trade (inctuding general importers and exporters)

i*flfr#itrfiffiAA #i€t Application for:m

Com to stered

Com Director informationn

=.Ats&,*lE,E Company Shares information

E.itffi&lt Registration Add

ffifiA:Contact 6&l €ETelephone: 13813887770

iBflJ0tl ADD:trfi6B'ffid<ff9 1es gfiSXt& 14 l*€BE E-mail: [email protected],cn

FBE : A,^.LItrH56*+86e#H*Eifi , #;E1E'.lTf,16ffi , iEEHtRaftffiffi , 6AEff*#E{r.DECLARATION:I declare that all of the information fill in thts FORM are correct and complete without anysubpeption. l'll be fully responsible for any subpoption.

S it y', App.Name : ff€ Signature fr*ES Dare :2015-7-13

g€ Name : E{t(il:F**6) ltEll sex :E HS+E DoB :1966.11.29 FflE€ P/P No :G48137618

tsIlAoo : ffi'f;ibElT8lef$ 69 e-8fr401= PC: 210004

,I.EEIFForeigner

Direclor

,I'EH}FForeignet

Director

€€ Name : fft0tl ttitl sex :E SS+E DoB :1979.9.13

€&[ E mail : allenxu @sumec.com.cn Fl/[ Mb : 13813887770,ft[Ledd:ffi'fiffi?fftr{Idtffi 17s € 13 ffi s02A PC: 210028

FflflE P/P No :G591840S8

rfiroEusSG Local

Direclor

H€ Name : CHEN SONGUN MICHAEL TEf,! Sex : $ H&Str DOB : L962.I0.22

B#)iiE€ I/C No:S26896862

{$!t Add : : l0 ANSON ROAD INTERNATIONAL PLAZA #19-01 SINGAPORE 079903

;*,^.BafiCrop

A El 8 : iI fi K iI fi *. Fa W. B H WA E (JIANGSU CHANGIIANG TEXflLE TRADING

CoMPANY trD) ilflfB: 320000000009e79 i],*]&: )I6*,6ffifiiEffi: 1997.3.?1 AEES:

5& shares

100%

Re Add

EnBlsiil0Anson Road #19{1 lntematjonal Plaza Singapore 079903 (AnF$iltrfritlA,ffi&),

ltltf?Lfrfrrd&.n'fi t'4t tf,ii*i. &{oti:I r +-!trl,r}irfl&t/,}ir{. rlli;di:L&ihl&y 6Ex€j:*.*itiAIfi. t,r.r){, tir. 6f r.r.,F)ir,li:ili)*8r!#l I ERI oRGANIZATION I "ikttfr,lili$.

loAnson Roed tnternational plazr f19_01 slNGApoRE 0;9903ffikl& 0065-&t920079 {i}ti 00852-3174s5, tt15 h1^-et1^1.11 I ilr ^.. r^^ri^^^

'l r'll-. c()rvll,ANIl;S AC1'. (c:AP.50)

Pri\, tc ('ornpiln), [,iruitcd by Sharr:s

Mlll\4oR^Nt)ti14 otj ASS(x)Al toN Otl

SIir*(iAPORE KELI"I OSI INDUS'I'RY PTlt. l,TD.

lhc nanrc rrl'lhu conrpanf is SlNcAPORU Kt:LUOSI tNDtTSTRV rl n, t,'n).

lhc rcgistercd oliicc ol thr: conrpan_\'rvill be situated in the rcpublic ol singaporc

'l hc liability'ol'thc mcnlbers is linrited.

lhr: shar,i capital ol'thc conrp n) is tJS DOl.l,ARS ONtl l\,IlLl,lON.

l. the pcrson \\hosc nanlc and addlcss and occupxtion ilrc lteft:unl() subscribctl. arn

dcsirous ol heing fbrnretl into a companv in pursuancr ol this N'lcrnorandun) (rl'

Associlrtion arrd I rcspectivclv agrec lo takc thc numher of shalcs in thc ctpital ol thc('onrpany' scl opposite my nanlc.

Sha res Allottrd

.ll N(iSl.1 ( l IANGJ IANC l't,X l ll.l'.t'ltAt)t\(i LoN.lt,ANY t.. l l).lirl . NO. l()ft. (ll

'\ N(l.llAN0 ltOAD.

N,^NJI\(i CI-I Y. JIANCST] PROVINCI.]. P,It.C.2IOOOO

0('( ( IPA I'lON;Sl lAItEllOLDl]l{ll ti(i NO.: i100000000099?9

1,000,000 Ord inarr Shlrcs

000 rd ary gharcs

l)utcLl this

)('onrnron Scal of JIANGSU CItAN(;,rlANG 'I i:X'l'll.l:'IR DI NG (JOM PA:,.IY I,TI).)))

()lp ralc IlcprescntativeNarn YAN(i YONCQIN(;

"1

+

4tl t(..-

l)l' N( )i lll,(l:5 i0:5

NanU of llcnr hcr/Occu nrtion/Atld rcss

l!t.tl

TIIr.: COTVTPANIES Ac'.l" (CAP. 50)

Private Con.rpany Limited by Sharcs(

AR'I'ICI,ES ()I.' ASSOCIA'TIONol'

SINGAPOR[, KNI,UOSI I )iDI,iS1'RY ti. r t)(lncorporaled in thc Republic ofSi rporc)

Prelintitorv

'fhe rcgulations in 'fable A in thc Iourth Schedule to the Act shall not apply to theconlpxn)' cxccpl so lar as tho sanrc arc rcpeated or conlained in thcsc Articles.

Inlcryrclolion

/

L't[(

2. ln thesc Anicles -"Act"

"stal"

"secrctar!" nleans any person appointed to perfornr the dntics ot'a sccrctary of thccotnpanyl

rneans the Companies Act (Cap. 50) and any statutory nrodilication orre-cnaclment thcreol lbr the tirnc being in lbrcc;

nleans thc cornmon seal ol'lhe company;

cr)nstrucd

rnocics olcxpressions rclcrring to rvritinq shall. unlcrs lhc contrary irrtrntion lppcars. bc

rus inclLr<jins rclcrorces to printing. lilhography, photography tnd olhcrrcprescnting or rcprotlucing rvords in a visible lirrrn:

u,ords ,.rr cxpressions containcd in lhcse Aniclcs shall be intcrpreted in accordancc rviththe provisions of the Intcrpretation Act, and of the Act as in I'urcc at thc dfltc 0t rvhichthcse n n ic lcs bccontc binding on the compan\'.

Shart rupitttl trul wriulion of rights

Wirhour prejudicc to any special rights previously conli.rred on the holdcm of anyexisting shares or class of sharts but subject lo the Act, shares in the company may bcissucd by the dircctors and any such shares may be issued with such prefcrrcd, del'errcd.or othcr special rights or such restrictions. rvhethcr in regard to dividcnd. r'oting. rcturn ol'capital, or othcrrvise. as the dircctors. sLrbject ln any ordinary rcsolution of the compuny.dctcrrn inc.

Subjcct to the Act, an)'prefcrencc shares may. rvith the sanction ofan ordinarr resolution.bc issued ()n thc (cnns that thc)' arc, or flt thc oplion of the company' arc liable, lo bc

lcdecnred.

3

ll'ut itn! linrc thc sharc cirpital is dividcd into (lililrent classcs 0f sharcs. the riBhls

ilttlched ro any c llss (nn less othcnr isc prov idcd b1- the tcnlts o l' issttc ol'llte sharcs ol'thalclilss) rna-r-, \yhcthcr or not thc conlpany is being uound trp. he varitd u ilh lhc cottsent in

\vriting ol'the holdcrs of 7-\90 ol thc issucd sharcs of that class, or rvith tl)c siutction ol'nspccial lcsolution passed al a sepanrt(' gcncral mcetirtg of ths holdcrs ol'thc sharts ol'lheclass. 'fo evcr) such scparate gencrill nrcoting the provisions of thcse Aniclcs rclating to

l.

{.

6

7

gencral meetings shall mutatis,nutandis apPly, but so that the nccessary quorum shall bc

two persons at least holding or rcprescnting by proxy one{hird of the issued sharcs of thc

clrss and that any holder ofshares ofthc class present in person or b; proxl lnay dentantl

a poll. except that whcrc thcrc is only one holdcr of lhc shares ol'the class, that sole

hokJer shall constitutc the tluorurn li)r lhe n)cclints ofthc holtlers ol'thal class olshares

To every such special resolution scction ltl4 shall !vith such adaptations as aIc nuccssar)

app l) .

Ihc cornpany nray cxcrcisc ths powcrs olpaying commissions conlerrcd by thc Act.provided that thc ratc pcr cent or the amount of thc cornrnission paid or agrecd to bc puidshall bc discloscd in thc manner requircd by thc Act and thc commission shall not cxccedlhr ritc ot l0% ot thc pricc at which the sharcs in respect rvhcrcol'thc sanre is paitl arcissucd or utl ilnrorrnl cqtral to loyr, ol'that pricc {as the case may bc). Srrch comnrissionrrrly bc satislied by thc pa]mcnt of cash or the allotnlcnt ol'lirlly or partl), paid shares orpartl) in one rva)' and partly in thc othr:r. 'l'he con,pany may also on any issuc ol sharespa1 such hrokcmgc as rlay bc larvful.

l'ixccpt as rctluircd b1' larv, no pcrson shall be rccognised by the compan.r as holding an;sharc upon anv trust. lnd the company shall not lrc bound b1'or be cornpcllctl in an', rvor1o rccogrtisc (cven rvhcn havinc noticc lhr'rrol) any cqrritablc, contingcnt. lirturc or partialintercst in any sharc ur unil ol a share or (e\cr'pt onl) us hy thcsc Articlus or b\ la\\olhenrisc providcd) any othcr rights in rcspcct olanl sharc c\ccpt an ubsolute righl tothc cnlircly thcreof in the rcgistcrcd holder.

Iivr'rl pcrsorr w'hose namc is enttrcd as a member in thc rcgister ol'mcmbem shall he

cntitlcd rvithout paynrent to rcceivc a ccnificate under thc seal ol'thc cornpanv inaccordancc with the Acl but in rcspcct of a sharc or sharcs hcld jointly by sevcrll pcnonslho cornprn)' shall not bc lround to issue nrore than one certiticatc, arrd delivcry ol a

cerrilicatc lbr a share lo onc ol'scveraljoint holdcrs shall bo sutficicnt drlivrlrv to all suchholdcrs.

I-icn"l hr cornpany shall havc a flrst and parlmount lien on cvcry sharu (nor bcing a lirlly paidsharc) lirr rll nronel, (rvhether presentll' payablc or not) calkd or payablc at a ljxed timcin rcspcct o{'that sharc. and the company shall als<.r have a Iirst and paramount licn on allsltirres (olhcr thrn fully paid shares) rcgistered in the narne of a single person for all[1or]c] prcscntly payablc by him or his estatc to the companyi but the dircctors may at

an)'tinlc declaro any share to be rvholly or in part cxempt liom the provisions of thisreguhtion. 1'hc conrpany's lien. if any, on a share shall cxtend to all dividcnds payable

thercon.

.[ hc conrpan.,- nray sell. in such manncr as thc dirr:clors think lit, rny sharcs on rvhich thc

conrpanv has a lien, but no sale shall bc nrade unlcss a sum in rsspcct ol'which the licnexists is pruscntly pa;able. nor until thc cxpirction o1' l4 days alier a nolice in s'riting.slaling xnd tlcnranding payrnent ol'such parl ol'tltc anlounl in rcspect ol'rvhrch the licn

exists as is prescntlv payable. has been given to thc registcrcd holdcr I'or the tirnc being ol'lhc sharc. ()r thc pcrson cntitlcd lhcrck) bl rcason of his rlcath oI bankrUplc).

10.

,l

ll.

'l hc righrs conferrcd upon the holdcrs o1'the shares ol any class issued with prcl'r:rrcd orothcr rights shall. unless othcnr isc c'xpressly' provided b;- the tenns ul'issuc' ol thc sharcs

crl'that class. bc decmed to be l'aried b) thc crertion or issLrc ol'lurthcr slrarcs rankingcrlua lly thererl ith.

8.

9.

12.'lo give ellect to any snch sale the dircctors may authorise sotne person to transl'er thcshares sold to the purchascr thereoll'l'hc purchaser shall be rcgistered as the holder oflhcshares comprised in any such transler, and hc shall not be bound ro sec to thc appticationol'thc purchasc monev, nor shall his title to the shares bc all-ected by any irregulariry orinvalidity in thc proceedings in reference to thc sale.

l3 1'he proceeds of the sale shall bc received by thc conrpany and applied in palment o1'

such parl of thc amount in respect of which thc licn cxists as is prcscntly payable. and thercsidue. ifany. shall (subjcct to a like licn lor sunls nol presently payable as cxisted uponlhe sharcs before the sale) be paid to the person entitled to the shares at lhc date ol thcsale.

l5 A call shall hc deemed to havc been madc at the time whcn the resolurion ofthe dircctorsauthorising the call was passed and rnay be required to be paid by insrallments.

16. 'l he joint holdcrs of a share shall be jointly and severally liahlc ro pay all calls in rcspccrthcreol.

17. ll a sum callerl in respect ol'a sha:c is nol paid bclbre or on (hc dav appointcti lirrpaynlcnt thcreol, the pcrson liom rvhonr tlrc surn is due shall pay interest on the sum fromthc day appointcd fbr paynrcnt thcrcol'to thc timc of actual pavmcnt at such rate notcrcceding 8olo pcr annum as the directors may detennine, but the directors shall bc atlibert)'to \!aivc payment ofthat interest rvholly or in part.

llt An1'srrnr rvhich by lhe tcnns ol issuc ol a shitrc becomes payablc on allolnrcnt or al xnv

Irrccl dutc. shall tirr thc purposcs ol'thesc Alticlcs bc dccmcd to bc a call tluly ntadc and

p:ryablc on thc date on which by thc tenns of issuc the santc lrccomes payablc, and in

casc ofnon-paymcnt alllhc relevant provisions ol'thcse Articles as to paymcnt ol'intercstlntl cxpcnses, fbrl'citurc, or olhcnvise shall apply as if the strm had bsconre payable byvirtue ol a call dul;" rnade and notified.

19. 'lhc rlircctoru may, on thc issue of shares, diflerentiate betwecn the holdem as to the

arnount ofcalls to bc paid and thc times ol'pa1'mcnt.

20. lhc dircctors rnay. il'thcy think llt. receivc lronl any mcmbcr willing to advancc the

sunre all or any part ol'thc money trncallcd and unpaid upon any sharcs held by hint, and

upor illl or any pan of the mons)' so aclvanced nray (until thc samc rvotrld. but lirr the

advuucs. beconrc pillablc) pay interest at such ratc not cxccetling (unless thc company ingcneral nrectinq shall othcrwise direct) 8% pcr annum as ntay be agrced trpon bctwccn

thc dircclors lnd the mcrnbcr paying tlrc sunt in advance.

Transfcr ol sharcs

Subjcct k) thesc Articles. any mentber ntal'transl'er all or any ol'his shores b)- instrtlnlent

in rvriting in any usual or comrlton ftrmr or in ilny olhcr form which thc dircclors nlav

J

21,

Culls on shurcs

l{. Ihc dircctors maY from tinlc 10 timc make calls upon the rnemhcrs in respect ol an}moncl unpaid on their sharcs and not by' thc conditions of allotmcnr thercol nrarlepayablc at fixed tirnes, provided that no call shall bc payablc at less than onc month liomthe datc lixcd for thc paynrent of the last prcceding call, and each mcnrber shall (subjccr

to rcceiving at lcast l4 days' noticc spccif,r-ing the time or timcs antl place ol pa).mcnt)pa) lo rhc cotrpilny 0t the time or limes and place so speci{ied the anrount callcd on hisshares. A call rrray bc revokcd or postponcd as the clirectors mav dctennine,

'))

,(

26.

2'7.

2li.

23

21

approve. l'hc instrurnenl shall bc executed by or on behalf of thc transferor and thetranst'err.)r shall rcmain thc holder ol'the shares transtbned until thc transt'er is registeredand the name of thc transl'crec is cntcred in the register olnrembcrs in rcspect thcrool.

'lhe instrurnent ol lransl'er must bc lefl for registration at thc rcgislcrcd o{licc ol thccolllpany togeth€r wilh such lee, not cxcccding $ I as lhe dircctors liorn timc to time ln0yrccluire. accornpanied hy the ce itlcalc olthe shares to which it relates and such othercvidcncc as the direclors rnal' reasonably requirc to sholv Lhc right ol'thc transl'cror tonrake the trans{cr, and thercupon thc companv shall subject to the powers vested in thedircctors by thcsc Anicles registcl thc translcrcc as a sharcholder and retain the

instru me nt of transler.

I'he directors may dcclinc to rcBister any transle'r ol shares. not being tirlly paid shares loa person ol rvhrxn thev do not approle and rnal'alsr.r tlcclinc to rcgistcr lnv transltr ol'shares on rvhich thc compan)/ has a lien.

.l hc rcgistration of translcrs nray bc suspended at such times and lbr such puriods as thc

dircck,rs ma) lionr timc to lime determinc not exceeding in the whole 3() days in uny

) 0ar.

'l'ro nsmission ol'shures

In case ol'the death ofa llremher thc survivor or survivors whcre the deceased rlas ajointholder. and thc legal pcrsonal represcntatives olthe deceased nherc hc rvas a sok: holder.shall bc thr: only persons recognised by the company as having any litlc to his in(erest in

lhc shares: but nothing hercin contained shall relcasc thc estats ol'a deceased joint holdrrIlonr any liahility, in rcspcct ol"an)' share rvhich had becn jointl;. held by him with other

fri so ns.

Any person hecoruing entitlcd to a share in conscqucncc ol'thc tleath r:r bankruptcy ot a

mcmbcr ma1', upon such cvidcnce bcing produo€d as may from time to time propcrly be

rcquirctl by thc directr:rs anti subject as hercinaller providcd. clcct eithcr te' btj registeredhiurscll'irs holdcr ol'thc shale or to have some pcrscln nominated by him rcgistcred as thetranslirce thereol: bul the dircclors shull. in cilher crse, have the s0mc right to dccline orsuspcnd registration as thcy would have had in thc case of a transfer ol'thc sharc by that

nrcrnber belbre his death or bankruptcy.

ll tlrc pcrson so beconring cnlitled elects to be registered himsell, hc shall dcliver or scntl

ro rhc cornpany a notice in rvriting signed by hirn stating that he so elcc(s, ll he clects 10

hrvc anothcr pcrsor registercd he shall tcstify.' his clection bi' executing to thal person il

transler ol'lhc sharc. All thc limitttions, rcstliclions. and provisions ol thesc Articles

relutirrg to thc right to transtlr and thc rcgistratittn ol transltrs ol slrares shall bc

appliclhle lo ar'ry such notice or transfer as ntbresaid as it'thc dc{th or bankrtrptcv olthcrrlclllber h{d rtot ctccurrcd and the nolice or tr.lnsfcr wcre a transl'er signed by that

rrrcrnhcr.

Whrrr: the rcgistcred holdcr ol any share dies or becomes banknrpl his personal

rcprr:scntiltivc or thc assigncc ol ltis €slale, as thc case may be, shall. upon lhe production

of srrch cvidcnce as may fiotn tinre to tirne be prcpcrly reqtrircd by thc directors in thilt

hehrll. be entitled to tl)e sarnc dividcnds d other advantagcs. nd lo thc sume righls

($le-thc| in rclation lo rncelilgs ol the contpany. or to voting. or otherlvisc), {s thc

rcgistcrutl holdcr rvould have been cntitlcd to il hc hatl not dicd or bcoornc bankrupt; anrJ

\!hcrc two or n]olc persons are.iointll cntitlcd to any shilre in oonsequence ofthe dcath ol'

5

29.

30.

31.

31.

33

3.1.

J5.

J t,.

thc rcgistered holder the1.' shall. lor thc purposes of'thcse Articles, bc dcerncd to be jointhoidcrs ol'the share.

l-orfeilure of shurcs

ll-a menber t'ails to pay any call or instalmcnt of a call on thc day appointcd lbr payrnentthercof, the directors may. at Bny time thcreafter during such time as an). part of the call<lr instalnrent remains unpaid serve a no(ice on hinr rcquiring paymcnt of so much ofthccall or instalnlcnt as is unpaid, togethcr with an),intcrcst which nray havc accrucd.

'l'hc noticc shall namc a lurther day (not earlier than the expiration o{'l,l days liom thc

datc r-rl'service of'the notice) on or before which lhe paymenl required by thc noticc is tobe rnadc, and shall state that in the event ofnon-p[yment at or bc forc the limc appointcdthc sharcs in respcct ol which the call rvas made will be liablc to be lbrfeitcd.

ll the rcquiremenls ol any such nolice as aforcsaid arc not complied with, any sharc inrespccl ol rvhich thc notice has hecn given mnv at any timc thcrcafter, bclirrc lhc pavmcnlrcquifcd lry thc ncrtiee has bcen nraclc. be forllited by a resolLrtion ol thc dircctors to that

cllcct, Such lirrlciturs shall includc all dividends declared in rcspcct ol thc lbrl'eitcdsharcs rrnr.l nol actually paid bclirre thc lbrlbitrrre,

A lirrtcitcd share nray bc sold or otherwisc disposed ofon such lcrms and in such manncr

ls rhc dircctors think llt. and rt any time bctbrc a sale or disposition thc fbrfbiturc may bc

cancclled on such ten'ns as lhe dircctors think fit.

A pcrson *hose sharcs havc bcen forleitcd shall ccasc to be a nlember in respect of the

lorlcited shares. but shall, notwithstanding. remain liable to pay to the company allrnono' rvhich, at the date of forfeiture, rvas payable by him to the company in respect ofthc sharcs (rcgclhcr rvith intercst at (hc ratc ol'8% pcr annum from the datc ol forfeiturel)n rllr nr()ncy fbr thc timc being unpaitl ilthc directors (hink lit ro cnlbrce payment ol'such intcrcsl), but his liability shall ccusc ifand when the companr rcccivcs palnrcrrt infLrllol lll such moncy in rcspect ol the shares.

A stalrtory dcclaration in rvriting that the dcclarant is a dircctor or thc sccretary ot the

contpun\'. ilnd (hat a share in the company has been duly lbrfeited on a dare stated in (he

dcclaration, shall be conclusivc cvidence of thc facts therein statcd as against all persons

claiming to lrc cntitled to thc sharc.

'lhc cornpany' rnay rcceivc lhe considcration. ifany, given for a lirrleitcd share on any

sale or dispositiorl thcrcol'and ma)'execute a transfcr olthc shale in lhvotrr ol'thc pcrson

l() u,honl thc sharc is soltl or disposed ol and he shall thereupon be rcgistercd as the

holder ol'tlre share, and shall nol be bound to sce to thc application ot thc purchasc

rnoncl.'. il'any. nor shall his title lo the sharc be af'feclcd by any irregrrlarity or invalidityin thc procccdings in rclercnce ttr thc tbrl'cilttre, sale, or disposal ol'the sharr:.

'l hc pruvisions of'thcst Articles as to lbrlbiturc shtll apply in the casc ol'non-Paymenl ofarry srrnr w'hich, by the terrns ol'issue ofa sharc, bccontcs payablc at a llxcd timc. as ifthcsanre hud becn payablc by virtuc oft callduly rnade and notified.

Convcrsi\n 0I nh re$ inb slock

Ihc cornpany ma)' b)' ordinary resolution passed 0l n gcneral meeting convcrt any paid-

up sharcs inlo stock and rcconYert anl'stock into paid-up shares.

6

17.

J8

J9.

d0.

11.

12.

(c)

lhe holders ol'stock rnay transl'er the same or any part thereof in thc samc manner and

subiect to thc same rcgulations as and subject to which the shares from which the stockarose nright prcviously lo conv€rsion havc bcen transf'errcd or as ncar thereto as

circunrstances admit; but the directors nray frorn tinlc to lime lix lhc minimum amount ofstock I rilns ltroblc an(l rcstrict or tbrbid thc transllr ol' fiactions ol'that m inimurn.

l'he holders ol stock shall according to the arnount of the slock held by rhcm havc thesamr rights. privileges and advantages as rcgards dividends voling at meetings of thecornp ny and othcr nratteni as if they held the shares trom r,l'hich thc s(ock arose. but nosuch privilcge or advanlagc (except panicipation in the dividends and prolits of thecompany and in thc assets on rvinding up) shall be cont'erred by any such aliquot pan o1'

stock ivhich would not ifexisting in shares havc confcncd that pri!ilsgc o[ advantage.

Such ol the Articlcs of'tho company as arc applicable to paid-Lrp shnres shall appl)'tostock. and ths rvords share and shareholder therein shall include stock lnd stockholder.

Allcrolion of tttpitol

I-hc cornpanY may fronr time to tinle by ordinarl rcsolution to do ()nc or nrrrrc 0l lhstirllorvinq:

(a) incrcasc thc share capital b1 such sutn as thc rcsolution shall prcscribe;

(b) consolidate and dividc all or any ol'its share capitall

subdividc its shares or any of lhcnr so howcver that in the subdivision theproporlion betwccn rhe flmount paid and the amount (if an1,1 unpaid on eachrcduced sharc shall bc the sarne as it rvas in the casc oI the sharc lionr which thcredtrccd sharc is dcrived:

Sub.]ccl to an1' dircction lo tllc contrary thal rnay be given by thc cotnpan.! in qcnrralmccting. all nerv shares shall. bcfore issue. bc oll'cred lo such pcrsons as at the date oftheoller arc entitled to rcceivc notices fiom lhc company of general rncetings in proportion.as nearlv as thc circunrstances adrnit. to thc anrounl olthc cxisting sharcs to rvhich thcvarc cnritlcd. lhc ol'ler shall be madc by noticc specilying the nunrbr'r ol'shares ol'fcrcd.and linriting a time $ithin rvhich thc ofler, il'not accc'ptcd, will be dccnred to trc declincd.and. alicr the expirution ol'that timc, or m lhc rcceipt ofan intin)ation li'orn the person to

rvhorr thc oller is nratle that hc dcclines lo accept the sharcs ofl'ered. thc directors may

disposc ol'thosc sharcs in such manner as thcy lhink most beneficial to thc company.'l'hcdircclors m0y likewisc so dispr-rsc ol'any., nr:rv sharcs which (by reason of the ratio whichthc n*v shares bcar to sharcs held b1' pcrsons entitlcd to an oll'er of nc\y sharcs) cannot.

in the opinion ()l'lhc directors. be convcnicntll ollcrcd undcr this Aniclc.

7

(d) canccl the number of shares which at the datc of the passing ol'thc resolution inthat bchall'have not becn taken or agrecd to bc taken by any person or which havcbcen lbrt'citcd and dilninish lhc numbcr of its share capital by thc number of rhr:sharcs so calcclled-

{.}. Thc company rnay b;- special rcsolution rcdttcc ils share capital. any capital rcdemplion

rrsrruc fund or any sharc prcntium account in anv manner and with, and subiect to, any

inci(lrnt authoriscd, and consent required by larv.

1{Gentrol macting

An lrrnual gcncral mceting ol'the conrpanv shall bc held in accordance u.ith theprovisions of thc Act. All gcncral mcerings orher than the annual gcneral mectings shallhc clllcd cxtraordinary gcncral mcclings.

Any dircctor may. whcncver he thinks fit, convene an extraordinary gcncral mceting, andextrrordinary general mectings shall be convencd on such requisition or in default mavbc corrvened by such requisitionisls as providcd by thc Act.

Sub.jcct to thc provisions of thc Act relating to special resolutions and agreements lorshoftcr notice. l4 days' notice at thc least (cxclusive of the day on which thc notics isscrvcd or deenred to be served, but inclusive of the day for which l)otice is given)spccil'ving the placc. the day and the hour of'meeting and in case ol'spccial husiness thegencral nature ol that business shall tre given to such pcrsons as are cntitled to rL'criivcsuch notices fiom thc companv,

All business shall be spccial that is lransactcd at an extraordinary general mecting. andalso ll lhat is transacted at an annual gencral meeting, with thc cxception ol'declaring a

dividcnd. thc consideration ofthe accounts, balancc-sheets, and the report ol thc directorslnd auditors. thc clcction ol'directors in the place of those retiring. and the appointrncntand liring ol'the rcrnuneralion of thc auditors.

Proceeling:i at generdl otcclings

No bLrsiness shall be transacted at any gcncral tneeting unless a quorum ol'members is

prcscnt rrt lhc tinre \r'hen thc rnceting procecds to business. l'rvo members prcsent in

pcrson or by proxy or rcpresenlcd by attomey or rcpresentativc ilppointed pursuant to the

Act shall lbrm a quorum, except that rvhere the cornpany has only one member, that sole

mcnrber shall constitute a quorum lor any general meeting.

ll rvithin hall'an hour fronr thc linre appointed lor thc meeting a quorunr is not prcscnl.

thc nlec(ing, ii'convcrred upon the requisition ol'nrcrnbers. shall bc dissolvedl in anyollrcr case it shall stand adiournetl to thc silmc daf in thc ncxt tlcck at thc s mc tirne and

pllcc. or to such othcr da) and al such othcr timc a d placc s thc dilcctors rnrvdcternr inc-

'l'hc clrairman, ilrny, ofthc board ofdirectors shall presidc as chairman at cvcry gcneral

nreeting of thu cornpan,v. or if lherc is no such chairman, or il he is rot present within l5nrirrutes aftcr thc tinle appointed tbr the holding of thc rneeting or is un"villing to act. the

rrcrnbers prcsent shalt clect onc ot their nuttlber to be chairman crl the ntecling.

{5.

46.

17.

{8.

.t 9.

50.

51.-lhc chairman tnay. rvith lhe conscnt ofany mceting at rvhich a quorunl is prcsent' and

shall il so directed by thc mceting. adjourn thc mceting from timc to timc and I'rorn placc

to ptacc, but no business shall be transacled at any adjourncd mccling othcr than the

hLrsiness leli unllnished at thc meetinB from rvhich the adjournmcnt took place. Whcn a

rnccling is adioumed fbr 30 days or morc. notice o[ the adjourncd mceting shall be Sivcn

as in the case ol'an original nrceting. Except as aforcsaid it shall not be necessary to give

iln) notice ofan adjournment or ofthe busincss Io bc transactcd at an adjourned mceting,

I

52.

5J

55.

56

5/.

At any gencral nrecting a resohltion put to the vole ofthe meeting shall bc decided on n

shorv ,f hands unlcss a poll is lbcfore or on the declaration ol'the result of the shorv ofhands ) dcmandcd-

(a) b1'thc chairntan:

(b) by at least 3 rnembers prescnt in person or by proxy:

(c) by any mernber or mcmbers prcscnt in person or by proxy and rcprescnting notlcss than l07o ol'the total voting rights ofall rhe members having thc right lo vote al thcrlrccti,rg:0r

ln thc casc ol'an cquality ol volcs. whethcr on a show ol'hands or on a poll. thc chairman

ol thc meeting at rvhich thc shorv o{'hands takcs placc or a( which thc poll is demandcd

shall bc cntitlcd to il sccond or o{tstillg \'otc.

Subiccl to an1 rights or restrictions lirr thc tirnc bcing atlached to any class or classcs ol'sharcr. at nrectings olmembers or classes olrllembers. cach mcrnher entitled lo votc n)ay

\ol0 in pcrson or by proxy or by" atlomey and on a show ofhands cvcry'pcrson presenl

rrlru is a rncnrbcr or a reprcscntative ofa nrenrbcr shall have onc vote, and on a poll everynlc,nbcr present in pcrson or by proxy or by atlome)' or oth€r duly authoriscdreprescntative shall havc one vote for each share he hcllds.

ln thc case ofjoint holdcrs the vote ol'the senior who tenders a vote. whether in person orbl pr<lxy. shall be accepled to the cxclusion ofthe votes of the otherjoint holdersi and forthis purpose scniority shall be detemrined by the order in whlch the nantes stand in thc

registcr of members.

r\ rrrenrber rrho is ol unsound nrind or n'hosc person or estate is liablc to bc dcalt with inruny rval undcr the larv rclating to rncntal disorder ntal'vote. whether on a show ofhands

or on a poll. by his committee or by such other person as properly has thc ntanagement ol'

his citate. and any such comrnittee or othcr person may vote by proxy or attorncy.

No rncnrber shall be cntitlcd k) vote at any gcncrul meeting unlcss all calls or o(her sunls

prcsently payablc h1'hinr in rcspect ofsharcs in thc company havc bcen paitJ.

9

5ti.

I(d) by a menrber or mcrnbcrs holding sharcs in the company contbrring a right to votcill the mccting being shares on uhich an aggrcgate sum has been paid up cqual (o not lessthxn ltl96 ol'thc total sunt paid up on all thc sharcs cont'crring that right.

tlnlcss a poll is so tlcmanrjcd a declaratitxr by the chairman thal a resolution has on ashorv of hands been carried or carricd unanimously. or by a particular majurity, or lost.and an entry to that cffuct in thc book containing the rninutes of rhc procccdings oI theconrpany shall be conclusive evidcnce of thc fact rvithout proof ol lhe number orproponion ol'thc votes recorded in favour of or against the rcsolurion. Thc dcnrand lbr apoll rrray bc wilhdrarvn.

5J. lfa poll is duly demanded it shall be takcn in such manner and sithcr at oncc or cftcr an

interval or adjounrment or othenvisc as the chainran dirccts. and thc rcsult ol'the pollshall be thc resolLrtion ol thc rnceting at rvhich thc poll rvas dcrnandcd. but a poll

dcnrarrdcd on thc clection of a chairman or on a qucstion ol'adjournntent shall bc takcnlbrthrvith.

59.

61.

62.

6J.

No ohjection shall be raised to thc tlualification of any votcr cxccpt al the meeting oradjorrmcd nrceting at which the vote objectcd to is given or tcndered. and cvery vote notdisallor.r'cd at such mee(ing shall bc valid for all purposes. Any such objection rnade indr:e tirrc shall be rel'ened to thc chairman of the meeting, whose decision shall be finalarrtl conclusivc-

'l hc instrument appointing a proxy shall be in *'riting. in the comrnon or usual form.undcr thc hand of thc appointer or ol'his attomcy duly authoriscd in rvriting or, il'thcappointcr is a corporation, eithcr undcr seal or under thc hand ol'an otllccr or attorne)dul.r authorised. A pro,ry rnay but need lot bc a nrcrnbcr olthe cornpany. 'lhc instrumcntappointing a pr<rxy shall bc dccmed to cont'er authority to demantl orjoin in dorranding a

poll.

Where it is dcsired lo alTord mrmbers an opponunity ol voling for or against a resolutionthe inslruinent appointing a pr<.rxy' shall be in thc following form or a fornt as near thereloirs circunrstances admit:

l/Wc. . ol being a mernber/mernbcrs ofthe abovcnalncd company, hercby appoint, of , orlniling him, of , . as mv/our proxy to vote for me/us on rny/our behall at thean nLra llextraord inary general mceling olthe company. to bc hekl on the da).of20 , andat an! adjournmcrrt thereof.

ngarnst

iStrikc or.ll n'hichcver is not desircd. [[.Jnlcss othenlisc instrucrtcd. thc prox]'mo), volc as

hc'thinks tit. I

lhc instrument appointing a proxy and the powcr ol attomey or othcr authority, if an).undcr which il is signcd or a notarially certillcd copy ofthat pwer or authority shall be

dcposited at the rcgistercd ollice ol'the conrp anv, or at such othcr placc in Singaporc as

is spccilicd lbr that purposc in the noticc convening thc mecling. nol lcss (han 48 hours

bclirlc lhc timc ftrr holding lhc nrceting or atljrrurned mectinS at rvhich thc pcrson named

in thc i|strumcnt proposcs lo volc. or. in lhc casr'of a poll, nol lcss than 24 hours bclbrctlrc rirne appointed tbr the laking ol'thc poll, and in defhult tho instunrenl ofproxy shall

not he trcated as valitl.

,,\ \'otc Biven in accordancc with lhe terms o,'an instrument olpnrxy or attorncl,shall be

!alid not\\,ithstanding the previous death or unsoundness of rnind of the principal or

rcvocation ol'the instrunlcnt or ol'the fluthority under \\hich lhs inslrutncnt lvas cxecuted,

or thc transltr ol'thc share in rcspcct of rvhich the inslrument is given, if no intimation inrvritinu ol'such dcath, unsouudness of mind. revocalion, or transfer as alirresaid has been

rcccived by thc conrp{n} at the rcgistcred olllce before the commcncement ol' lhe

nrrcring or adiourncd nrecting at which the instrument is used.

Subicct to the provisions of the Act. a rcsolulion in rvriting signcd by thc mcnrbcrs lbr thc

tinrc heing cntitlcd to rcceivc notice of and to altcnd and votc at gcncrll ntcctings (or.

bcing corpomtiotrs. by thcir dull' authoriscd rcprcscn tatives) shall bc as valid and

cl'lcctivc as if thc sarnc h:rd been passcd at a gcneral mcclinB ()l lhc Conrpan-v tiullconrencd and hcld. A u'ri(cn notice ofconllrtnation olsuch rcsoltttion in writing scnt b1

or on behallofa ntcrnbcr shall bc decmed to be his signature to such rusolulioll in rvriting

r in lavour ol lhc resolution.

61

IO

60.

Signcd this day ol' 201 5 .

'Ihis lirrrn is to bc uscd

65.

for the purposes of this Article. Such resolution in writing may consist ol scveraldocunrents each signcd b1.one or more menrbcrs.

D i ra ct o r:; : A ppo int nrc n t, etc,

Subject trl lhc provisions ol'lhc Act, thcrc shall bc at least onc director in the companyAll dircctors ol'the company shall be natural persons.

At thc llrst annual gcncrul nrecting ()1'thc collpany all the dirl'ctors shall rctire fromol]icc, lntl at thc annual gcncral mccting in evcry subsequcot vcar one-third of (he

dirccbrs lor the time being, or, if their nunrber ls not J or a rnultiplc of3. rhcn thcnunrbcr nearcst one-third. shall rctire liom oflicc.

(t7. A rctiring director shall bc eligible for rc-election.

68. 'l hc din:ctors to retirc in evcry ycar shall bc those rvho lrave been longest in olllce sincctheir last elcction, but as bclr\ecn persons who became dircctors on thc same day those t<r

relire shall (unless they'otherwise agree among thcmselves) bc determined by lot.

69. Ihc conrpani, at thc mccting at which a director so retires nray Iill the vacared ollice byelecting r pcrson thercto, and in dclault thc retiring director shall if olTering hinsell lbrrc-(lection and not being disqualilied undcr the Act liom holding office as a direclor be

drcrrrcd to have becn re-elcctcd. unlcss at that nreeting it is cxpressly rcsolvcd not to tillthc !'irr:alcd oftlcc or unless a rcsolution fbr thc re-election ol that director is put to lhcnrretiug antl lost.

70. 'lhc' companl' may f'rom tinrc to timc by ordinary resolution passed at a gcneral mcctingincreasc or reducc thc number of direcloru, and may also dclermine in rvhat rotation theincrersed or reducctl nurnbcr is to go out olol'lice.

7t. 'l hc directors shall havc powcr al any limc. and lionr tinrc to timc. t(l apprrirrt alry pcrson

1o bc r diroctor, either to lill a casual vacancy or as an addition to thc c\isting dircctors.bur so th t (he total number of dircclors shall not at any timc cxcccd the nurnber lixed inlccrrrdance ,,vith thesc Arliclcs. Any dircctor so appointed shall hold oflicc only until thencxt lr.)llolving annual gcneral meeting, ard shall thcn trc cligible lbr rc-elcction [rut shall

rrl;t br takcn intO account in delcrmining thc dircctors who arc to rctirc by rolation at that

rlrccl inS.

72. 'l hr companl'rnai'by ordinarl rcsolution rctnorc rny director bcforc thc cxpiration ol his

pr:riotl ol'of}ice, and rnay by an ordinary resolution appoint another pcrson in his stcad:

tlrr-' purstxr so appointed shall be subicct (o rctircment at thc same tinrc as if he had

bcctrnre a dirL'ctor on the day on which lhe director in whose placc hc is appoinred was

last clccted a dircctor.

73. 'l hc rcmuneration of thc directon shall liorn time to time be dctennined by thc company

in gcncral meeting. l'hal remuneration shall be deemed to accrue from day to day. The

dircctors ura)' also bc paid all travelling, hotel, and other expenscs progirly incuncd by

thcm ir) attcndirg and rcturning frorn nreetings olthe directors or any cornmittec oftheriircctors or gcneral mectings of thc company or in conncction with the business ol'thcc() t1t pnn y.

Ihc shareholding quilliflcation lbr directors may be fixed by the conrpany in gcneral

nrccting.

66

l_

11.

75. .l hc ol'flce ol'director shall bccorne vacant il'the dircctor-

( ) ccascs to be a dircctor by virtue ofthc Act;

hecornes bankrupt or makes any arrangemcnt or composition with his creditorsgenerally:

(b)

(c)

(i)

(d) hecomes disqualified fronr being a director by vinue of section l4E. 149, 154 orrss.

(c) becomcs ol'unsound ntirrd or a pcrson rvhosc pcrson or estatc is liablc to be dealtrvith in any ivay undcr thc larv rehting to mental disorder;

(c,) lbr morc than 6 rnonths is absent without permission of' thc directors frurnmeetings ol'(hc dircctors hcld during that period:

(lr) without thc consent of (he company in gencral tnecting, holds any othcr oflice o1'profit undor the company cxct'pt that ol rnanaging director or managerl or

bccomcs prohibitcd f'rom being a dircctor bv reason ofanv order madc undcr thcAct:

is dircctly or indirectly intcrested in &ny contract or proposed contract with thecompany and fails to dcclare the narurc of his inlcrest in manner required b1. thcAct.

16.

77.

?8.

Powt:rs and dutios of irecturs'l hc busirrcss ol' thc cornpany shall he rnanaged by thc dircctors rvho nray pay allr:\peoscs incuned in pro,noting and rcgistering the company. and nray exercisc all suchpo*crs of thc compuly as itrc not, by the Act or by thesc Articlcs. required to bccrrrciscd by the comparry' in general mecting, subject. nevenhcless. to anv of'thcscArlicles, lo the provisions ol'thc n ct, and to such regulations. bcing not inconsistent $,irhthe rlbresaid Ar(ioles or provisions, as mal be prescribcd bv thc cornpany in genralnl('eting; but no rcgulation rnutle b1, thc company in general mecting shall invalidatc an.v-

priur act of lhc directors rvhich rvould havc becn valid if that rcgulation had not bcennrade,

'l'he dircctors ma1' excrcisc all the porvcrs crf the company to bono$ rnoney and tonron{rge ol chargr: its undertaking, propert)'. and uncalled capital, or an1' part thercol.rund l,.r issuc dcbcnlurcs and other securilies \vhelhcr outrighl or as sccurity lbr any dcbt,

lilhility. or obligation ol'thc compar)y or ol'any third parly.

-lhc dircctors nrrv cxercisc all the po*'crs of thc conrpany in rclation to any ofiicial seal

Irrr use outside Sirrgaprrrc and in relation to brarrch regislers.

Ihe dircctors nrli liorr tinrc to timc by porrcr of attorncy appoint an1'corporation. limr.or pcrsr)n ol hody ol pcrsons. uhelhcr nonrinatcd dircctly or indirectll,by the dircctors. to

be lhc ul(orncy or atl{)rneys ol thc company lbr such purposcs and rvith such powrrs.authorilies. and tliscretions (nol cxcccding thosc veslcd in or excrcisable by the directorsrrnder thcse Articles) and lbr such period and subject lo such conditions as they ntay thinkfit. and an1' such po\rcrs of attorne)' may contain such provisions for thr: prctection and

79.

1 (1) sLrb.iect to section 145, resigns his o[ficc by noticc in rvriting to thc company:

t:

80

li6.

convcnicncc ol'pcrsons dcaling rvith any such altomcy as the dircctors may think fit and

mar llso authorise any such attorncv to dclegate all or any ol'thc powers, authorities, andcliscretions vcsted in him.

All clrcques, pronrissory notcs. drclts, bills ol'cxchange, and other negotiable instrumcnts,anrJ all rcccipts for money paid to the oonlpanyr shall be signed, drarvn, accepted,endorsctl. or crthcrwise executed. as the case nray be. by any directors or by the soledircclor whcrc lhc collrpan),has only onc dircctor or in such othcr nranner as the directorsor lhe sole direclt:r front tinrc to limc delerminc.

li1. lhc Llircctols shirll uuuso minutcs to be madc -(a) ol'all appointments ofoflicers to be engaged in (he management ofthc cornpan-v.,'s

o ffa irs:

(t,) ol'nanrcs ofdirectors prcscnt at all nrcctings of(he compan),and ol'the directorsllu nd

(c) ol all procccdings at all nrcctings oflhc company and ofthc dirccrors.

Srrch nrinulcs slrall bc signcd b1' thc chainnan of the nrccting at which thc proccedingsrvcre hcld or hy the chairman ot'the ncxl succceding rnecting.

tt2.

Procecdings o.f diredurs'lhc rlircctors nlcy meel togcthcr lbr thc despatch of busincss, adjourn and othenviscrcuulatc their rncctings as they think fit. A director tnay a( an), time antl thc sccretary,shall ru the rcquisition ofa dircctor summon a mceting ofthe dircctors.

Subjcct to lhcse Articles, qreslions arising at any tnecting ofdirectoru shall bc decidcd byi rnsioritl, ol'votes and a detenlination by a rnajorily ofdirectors shall for all purposcs bcdecrncd a dctcnnination olthe directors. ln casc of an equality of votes the chairman ofthc rncrtillg shall havc a sccond or casting votc.

8{. A dircctor shall nol vote in respcct ol any contract or proposcd contract with the companyin *hich hc is intcrcsted. or any m tter arising lhereout, and if he does so vote, his voteslrall not bc countcd.

lJ5. /\rr) dircctor ivith thc approlal ol thc directors rnay appoint iln), pcrson. s,hether a

Ircrrrbcr ,.rf thc contpany or not, to bc an allcrnatc or substitutc dircct()r in his placc duringsrrch period as hc thinks tit. Any pcrson rvhilc he sr: holds ofllcc as an allemate orsrrhstitute dircctor shall be cnlitled to notice ol mcctings of the directos and to attond and

vr)tc tlrcreat accordingly. and to exercisc all thc porvers of the appointor in his place. Analtcrnatc or substitutc tlircctor shall not require any share qualitication, and shall ipso

licto !acatc olllcc il'the appoinlor vacatcs ofl'icc as a director or rcnroves thc appointee

lionr olllcc. Any appointnrent or removal under this regulation shall hc cllcc['d b1'noticcin *'riting under thc hand of'the director making the samc.

ttl

Lnless othcnvise dctcnnined b) the directors, t$o dircctors shall constitute a quorum

neccssary lor fie transaction ol the business ol the dircctors except 0tal where the

cornpany has only one direclor, that sole direuor shall constitute a quorum.

'I lrc cQnrinuirrg tlireclors rna) act nolwilhstanding flny vacanc)' in thcir bodi'. but iland so

l()ns irs lheir nrrrrtrcr is reducctl bclorv thc nunrbcr {ixed b1'or pursu nt to ths Aniclcs ol'tt'? .

l.;

I

t

8tt

89

90.

91.

93.

9.1.

95.

92

ths conlpany as {hc necessary quorunr of'directors, the conlinuing direclors or directormay acl lbr the purpose of incrcasing the number of directors to that numbcr or olsuntmoning a general nrceting of the company, but lor no other purpose.

'l-hc directors may elect a chainnan ol'their meetings and determine the pcriod tbr rvhichhc is to hold oflicc; but if no such chainnan is clected, or if al any' meeting the chairnranis not prescnt rvithin l0 minutes after the time appointed lbr holding thc meeting, thcdirectors present nray choose one ol'their nunber lo be chairman ofthe meeting.

'l'hc dircctors may delcgatc an! ol'lhcir porvers lo cotnmittees consisting ofsuch memberor nrcnrbcrs of their br:dy as thcy think lit; any committec so formed shall in the cxcrciseol tlrc po',rers so dclcgatetl contbnn to anv regulations that ulay bc imposed on it by thed ircc to rr.

A commiltec may elccl a chairnlan ol'its meetings; if'no such clrairnran is clecrcd. or ifatany mceting the chairrnan is rot presenl rvithin l0 minutes a{ier the time appointed lbrholding the mceting. thc membcrs presenl ma)' choose one of their numbcr to be

chairnrln of'the n:eet ing.

A conrnittce ma), mcct and ad.iouln as i( thinks proper. Qucstitxrs rrising tt anr nrcctingshrll bc dcternrined hy a rn:r.jority ol'votes oflhc rnornbers prcscnt, rnd in the case olaneqrrality of votcs the chairnan shall havc a second or casting votc.

All acts donc by any mecting of thc dire€tors or of a committee of dircctors or by anypcr1,n cting as a dircctor shall, notwithstanding lhat it is aflcrwards discovered thatthcrc $as sonrc del'ect in thc appointmcnt of any such director or penion acting as

albrcraiil, er that thcj or any ol'thcm \\'ere disqualilicd. hc as valid as if cver;' suchpclsorr hatl l:cen dLrly appoirrted uncl *as qunlificd to he a dircctor.

A rcsolution in rvriting. signcd by' a nralority ol'the direotors for thc timc being cntitled toreccivc nolice o1'a mccting of thc directors, shall be as valid and ell'cctual as if it hadber:n passed a! a nrecliltg of'the directors duly convened and hcld. A rvrittcn nolificationrrI conllrmttion ol such rcsoluliorr in rvriting scnt by a dircctor shall be dcemed to bc hissignatulc to such rcsolutioo in rvriting fbr the puqxrse of this Anicle. Any such resolutionnrll consist of sc'r'eral docunrents in like lonn, cach signed by one or morc directors.

Any dircctor or nrcrnber of a comrmittee of'dircctors may participate in a meeting of thedirectors or such committee by mcans of a telephonc or other audio cotrrnunicationscquipnlcnt whcrcby all persons attending or pa icipaling the meeting can hcrr cach other.'l'he pcrson or pcrsons parlicipating the mceting in the a{bresairl nranncr shall bc deemed

Ior all purposcs to be prcscnt in pcrson at such mccting,.

Whcrc the conlpany has only onc dircctor, he rnay pass a resolution by rccording it and

sign ing the record,

lllanuging directors'lhc tlirectors ma1, tiont tirnc lo tinre appoint onc or nrore ol'thcir bod;'to lhc ol]icc ol'rnanaging dilcctor lbr such period antl on suclt terms 0s they think llt and. sttb.iect to thc

tcTrns of any ag,rcerncnt cntered into in lny particular casc, rnay" rcvtlke any sttch

uppointment. A dirt'ctor so appoinled shall not. rvhile holding that oll'ico. bc subjcct to

rrrircrncnt by rotation or be takcn into accotlnt in dctermining the rotation ol retirement

ol directors. but his appointrnent shall be automatically determincd if he ccases fiom an1'

causc lo bc a dircctor.

96.

t.1

9?.

98.

99.

A rlanaging director shall. subjccl to thc lcmrs ol'any agrcemcnl entered into in any

particular casc, rcccive such remuncration, whether by way of salary, commission, orparticipation in prolits, or partly in one way and partly in another, as'lhe directors may

detcrm inc.

'lht: tlircctos rna) cntrust to and conler upon fl nranaging director any of the powem

cxercisable by thcnr upon such terrns and conditions and rvith such restrictions as thevnla) tlrink llt. and eithcr collaterally uith or to thc exclusion of lheir orvn powcrs. and

mal lirrrn linle lo tinre revoke. *ilhdran', aller. or lary allor any ofthosc powcrs.

'l'he tlircctors nray lnrm time to tinlc appoint any person to be an associate director and

rnaY l'rrrnr time to timc ctncel any- such appointment. Thc directors maY tix, determineand ,,irrv the porvcrs, dutics and remtrncration ol'any person so appointed, but a pcrson so

appointcd shall uot bc reqrrircd to holtl an1'sharcs to qLralify hinr for appointnrnl norhtvc an1' right to attcnd or vo(e at anv nrccting of dircclors exccpt by lhc invitatio na

4nd

\\,ith thc conscnt of th(: direclr)rs(t yt

ISecreturl

t00. l'he iecrctary- shall in acconlancc rvilh thc Act bc appointcd hy t di ctors fi)r such tcrn].

at \uch rcmunerttiorr. and upon srrch conditions as lhcy may ink t; and an) \ecrctaryso ;rppointcd may be renrovetl hy thcnr. ln (hc cvenl thal tl tcrrnination is rcqucsted b1-

the Sccrclary, allcr givcn ol l$o wceks noticc. the Sec ary crn cxercise thc right ol'tcnninalion by initiating the liling ol' resigrralion with Accounting and ('orporate

Rrg,ulrtory Authority. A director may'bc the sccrctaD/ providcd that whcre a dircclor is

the sole tlircctor ol' thc company, hc shall not act or be appointed as the secrttary ol'thcc ont nan v.

Sctl

l0l. .l hc dircctors shall providc tbr thc stlb custody of the scal, which shrll only be uscd b1

rhc authority of thc direotoru or ola conrnritlee of thc directors authoriscd b1'the directorsirr thlt behall, and every instrument to which the scal is aflixcd shall be signed by a

tlircclor and shall hc countcrsigned b,v" the secrctary or by a second director or by sorne()lhcr pcrson appoinred by thc directors lbr the purposc.

Accounls

102, .l hc directors shall causc propcr accounting and othcr lecords to tre kept and shall

distribute copies ol balancc-shcets and other documents as requircd by thc Act and shalltionr tirnc to tirne dctcrnrine rrhethcr and lo what cxtcnt and at what timcs and places and

urdcr rvhat conditions trr regulations the accounting and other records of thc company oran) ol thcnr shall bc opcn to rhc inspeetion ol members not bcing dircctors, and no

nlc,nbcr (not being a director) shall have any righl ol inspecting any account or book orpilper of the con]panv excent us conf'erred b1 statutc or authorised hy thc directors or b}'

lhc eonlpany in general mceting.

'103. T hc conrpany' in gcncral nrcctinB nl0, declare tlividends. but no diYidcnd shall erceed thc

ll)()u,rt reconlnr cnded b)'the directors.

t5

Dit,itltutls und rdlit rvts

10{. Thc dircctors may liont time k) tirnc pay ro (hc tncmbcrs such irrterim dividcnds asapp€ar to thc directors to bejustilied by rhc prolits ol'the company.

105. No dividcnd shall be paid othcnvise than out of prolits or shall bear interest againsr the

c0m pan\'.

106. '['hc dircctors may. bcfore rccomrnentling any dividcnd, set asidc out of the proflls o,'lhecompant such sunrs as diey thinl.i propcr as reserves which shall, at thc discretion of thcdirectt.xs, be applicablc lbr any purposc to which the profits of thc company may be

propcrly applied, and pending any such application may, at thc like discrction. either be

cnrplol'cd in the business ol'the ctrmpany or hc invested in such investmcnts (other thansharcs in the company) as lhc dircclors may tiom time to time think flt. Thc directorsrnay also without placing lhc same to reserve carry forward any pn:fits which thcl mayth;nk prudent not t0 divide.

107. Subicct t{) thc rights ol'persons, il'any, entitled to shares rvith spccial rights as to dividcnd.all dir'idends shall lrc declarcd and paid according to thc amounts paid or creditcd as paid

on thc shares in rcspcct o1'u'lrich the dividcnd is paid. but no anrount paitl or credited as

paid on a share in advancc of calls shall bc treated lbr the purposcs ot this rcgulation as

paid trn lhc share. All dividends shall bc apponioned and paid f)rcportionatclv to thc

anrorrnts paid or credited as paid on thc sharcs during any portion or portions of theperiod in rcsp€ct of which the dividend is paicl; but if any share is issued on termsploviding that it shall rank lbr dividend irs tionr a particular date that sharc shall rank lord il irlend accord ingly.

108. 'l hc dircctors rnay deduct Iionr arrl dividond payable to an;- ntetnhcr lll sums ol ntuttcl.il lrny. prcsently pa-vable by hinl to thc compan)' on account ol calls or other*'ise in

rcl:rlion to tlle shares ol'the conrpanv.

109. An1- gcncral mccting declaring a dividcnd or bonus tnay direct payrncnt olsuch dividcntlol bonus rvholly or partly by" the distribution ofspecilic asscts and in panicultr of'paid-upslrari:s. tlcbcntures or dcbcnlLlre stock o{'an)' olher c:ornpany <lr in any onc or more ofsrrch rvars antl thc dircctors shall givc elicct to such rcsolution. and rvhcrc any dil'licultllriscs in rcgurcl to such disrribution. thc dircctors may scltlc thc sarnc us they lhinkerpcdicnt, and lix the valuc lbr dislribution ol'such spccilic asscts or an)- parl lhereol and

nray' dctenlinc lhat cash payments slrall be nradc to any mcmbcni upon thc t'ooting of lhe

r;rlrrr: so Irxed in urdcr to adiusl the rights of all parlics. and may vcst any such specificirsscls in lnrstecs as tnay seem c\pedient to the directors.

I10, r\n1 dividenti. inlcrest. or othcr rnoncy pai."able in cash in rcspecl ol shares rnay be paid

hr ehcquc or \\'arrant sent lhr()ugh thc pt-rst dirccted to thc regislered address ol'the holdcrrrr. in thc casc ofjoint holdcrs, t0 thc registcred address oI that onc olthe.ioint l:olders

$lro is first nanred on thc rcgister ol'ntcrnbers or to such person and b such address as

the holdcr or joint holders nray in writing direct. Every such cheque or warrant shall be

nrldc payable 1o the ordcr of'the person to whom it is sent. Any one of two or morc joint

ht.rldcrs nuy givc effcctual receipts lbr any dividends, bonuses. or othcr moncy payablc in

respcct olthe slrarcs hckJ b) lhcm asjoint holders.

C u p i t u I i s o t i o n of p mli r s

lll. Ihe conrpanl, in gcneral nrccling ma.v upon thc rccont nr endat ion ol'thc tlireclors rcsolvc

thal it is dcsirable to capitalisc any pan ol'lhe amollrlt li)r thc timc being standing to t|ccrcdit ol'an1 ol the cr)trlpan)''s rcscrvc accotlnts or tu lhc err:dil 0t'thc prolit and hss

ilccou;t or othcrwisc avlilablc ftlr distribution. and accordingly thal. such sum bc scl {iec

l6

for distribLrtion amongst the membcx u'ho rvould have been cnlitled thcrcto ifdistributedby rvay oldividerrd and in the sNmc proportions on condition that thc samc be not paid in

cash but bc applicd either in or towtrds paying up any amounts lbr the timc bcing unpaidon an) sharcs held by such nrcnrbers rcspectively or paying up in lirll unissued shnres ordcbentures of thc company to bc allottcd, distributed and credited as fully paid up to and

atnorr\r such mcmbers in the proportion albrcsaid. or parlly in (hc onc way and partly inthe otlrcr. and lhc directoN shall givc efTect to such rcsolution.

l12. Whcnrver such il rcsolution as nlbresaid shall havc bccn passcd the directors shall rnakc

all appnrpriations nnd applications ol thc untlividcd prolits rcsolved to hc clpitalisedthereh_r'. and all allolnTents and issues of lirlly paid shares or dcbenlurcs, il'any. anrl

gcnenrllv shall do all acts and !hings requircd to givc elfect thcrek), \\irh lull power to thcdirccl,rrs to nrake such provision by thc issuc of'liactional cenificatcs or bv ptynrent in

cash lr olhenvisc as thc)' think lit tbr thc casc ol sharcs or debentures bccomingdistrilrLrtable in tiactions. antl also to aulhorisc anv pcrson to cnter on bchalfol'all thernernl',crs cnlitled therclo inlo n agrccment with lhe company providing for the allottnentto tlrcnr rcspeclivell,, crcdited as tirlly paid up. of any furthcr shares or debcntures torvhiclr rhcy rnay be cntitlcd upon srrch capitllisalion. or, as the case may requirc, lirr thepalrllcnt up by the company on their behall, by thc application thercto ot'lhcir rcspcctivcprop()rtions of thc protits rcsolvcd to bc capitalised. of the anroutlls or any pirrt ol'theanrorrnts rcmaining unpaid on thcrr existing shares, and any agrecmcnt made under suchauthority shall bc ellective and hinding on all such members.

I l3

Nolit:es

,,\ n()ricc may bc given by the company to any rncmber eithcr personally or by sending itb) p()sr to hirn at his registcrcd address, or, il'he has no registercd addrcss in Singaporc.to tl)c address, i{'any, in Singaporc supplied by hirn to thc conlpany lbr rhe giving ofnotiucs ro hinr- Where a notic:e is scnt by posr. servicc ul'lhc no(icc shall bc dcemetl to bccllccted b; properl;' addrcssirrg. prcpaying, anrJ posting a leltcr con(aining the noticc, and

t() havc br-cn cllectcd in the case ol^ a noticc ol a meeling on thc day aftcr the date ol'ilspostinr, and in any othcr casc irl lhe tinre at rvhich the lettcr would bc delivercd in thcold inarv course ol' post.

I11, A n()tice ma),be given by the conrpany to thc joint holders ola share b;" giving the noticek) the .ioint holdcr llrst nanred in the rcgister olmurnbers in respect ofthc share.

116. {l) Notice ol- evcr} gencral meeting shall bc givcn in any nranner hereinbelbreau th0rised lo -

( ) cvery membcr:

(b) evcry pcrson entitlcd to a share in consequcnce o1'the dcath or bankruptcy of a

rncrnber who. but lbr his dcath or bankruplcy, would be entitled to receivc no(ice

o{-the nreeting; and

t7

I15. A r)otice may bc given b1 thc cornpany lo the pcrsons cn{itled to a sharc in conscqucncc

ol thc dcalh o[ bankruptcy of a rnember by sending it through thc posl in a prcpaid lettcraddresscd to thenr by name, or by the title of reprcscntatives ol'thc dcceascd. or assigncc

ol'lhc bankrupt. or by any likc clescription, at thc addrcss, if any. in Singapore suppliedfor tllc purpose b)- the pcrsons clainring to bc so entitled, or, until such an address has

hecn so supplied. by giving thc notice in any nranner in which thc sarne might have been

gircn il'thc dc-ath or bankruptcy had not occurred.

(c) the auditor for the rime being of thc cornpany.

(l) No olhcr person shall bc cntirlcd to rcceivc norices ot'gencral rncetings.

lVin ing up

l11. ll'the conrpany is *'ound up, the liquidator may, with lhe sanction ofa special rcsolu(ionol'thc conrpany, divide anrongst thc members in kind the whole or any parl o[ thc asscts

of the company, whether they consist ol'propcrty of the sanre kind or not, and may tbrthat purpose set such value as hc considcrs lair upon any propcny to be dividcd as

afbrcsaid and may tlclenlinc horv thc division shall be canied out ts bctwccn thenrcrnhers or d ilTerent classcs ol' rncmbers. 'l hc [iq uitlator mlv. w ith lhe likc sanction, vest

the \!hole or any" pan o1'any such .lssels in lrustecs upon such lrusts lbr the bencfit ofthcconlributories as thc liquidator. $'irh the likc sanclion, thinks llt. but so thal no nrcmbcrshall bc compellcd to accepl any shares or othsr securities rvhcreon thcrr. is any liability.

Iniemnitl

I ltl. [vcry director, nranaging dircctor. rgent, auditor, secretary, and other ot'ticer lbr thc timcbcing ol'thr: company shall trc indemniljed out ol the asscts of thc company against any

liability' incurrcd by him in defending any proccedings, whethcr civil or criminal. inrvhich judgment is given in his iirvour or in rvhich he is acquittcd or in connection withrn)' spplication undcr thc Act in rvhich rclicf is granted to him by the Coun in respect ol'ony ncgligcnce, dclault, brcach o, duty or breach oftrust.

l8

Nnme(s). Address(cs) rnd Occupition(s) of Subscriber(s)

JIANGST] CI I^NC.IIANG TN,X'I'I I,E.I'RADING (]O]\IPANY LTD.I]UII,DINC 8, NO.I98, CIIANCJIANC IIOAD.NANJ IN(] CIl-Y. JIAN(,iSL] PROVINCE. I'.R.C.2 I OO()O

OCCI.IPA'l lON :SI.lAl{El lOl-t)l,Rti l:(l N0. : 320000000009979

rlP,(

)))

)Cornrnon Seal of JIAN(lSt.l (IHANGJIANG 'l trX'l'll.ll]'RADING COMPAN}' L]'D.

r?o te l{cprcsentativeanl Y^NC YONCQINC

PI'.NO: PIi05:.1025

t9

IL.-

l)atcd th is:

Account Number 695029017001 - SGD

Account Name SINGAPORE KELUOSI INDUSTRY PTE. LTD.

Debits 8 Amount 235.00

Credits 0 Amount 0.00

BIC Code OCBCSGSGXXX

Opening Balancq 6,115.00 O1-Apr-2017

Ledger Balance 5,880.00 3O-Jun-20'17

Avallable Balance 5,880.00 30-Jun-20't7

Total Hold Amount 0.oo 3o-Jun-2o17

Blc Name OVERSEA-CHINESE BANKING CORPORATION

Post Date

Value Date

Bank Ref.

Transaction Oesc

Details

Cllent Ref. Debit Amount Credit Amount Balance

$ococaant

08 May 201708 May 2017

22 May 201722 May 2017

1A5TF71046932 00'tBILL CHARGESBILL CHARGES

23 May 201723 May 2017

LA5TF71M6890 001BILL CHARGESBILL CHARGES

0'l Jun 201731 May 2017 SERVICE CHARGE

SERVICE CHARGE

29 Jun 201729 Jun 2017

30 Jun 201730 Jun 2017

1A5TF71060222 001BILL CHARGESBILL CHARGES

01 Jul 201730 Jun 2017

Daily Statement of Account - DetailsFrom 01 Apr 2O17 To 30 Jun 2017

cT0011095106 CT0011065139 CXLFUNO TRANSFERFUND TRANSFERFund Transfer to account60003sGD 20.00@1CABLE CHGS FOR CANCELLATION REQFORCT00l 1065139rr001

35.00

20.00

30.00

30.00

35.00

20.00

30.00

6,080.00

6,060.00

6,030.00

6,000.00

5,965.00

5,945.00

5,915.00

cT0011395430 Cr00'1'1385671 CXLFUND TRANSFERFUND TRANSFERFund Transfer to account60003sGD 20.00@1CABLE CHGS FOR CANCELLATION REOFORCT0011385671M001

8801tMtS307442

1Ct17060788

SERVICE CHARGESERVICE CHARGE

Page 1 ol 1

35.00 5,880.00

The availability of balances for utilization is subjecl to the lacility limits lor omnibus and/or shared facilities, if any, that apply to you and you maynot be entitled to utilize the fullamount of the balances shown herein if they exceed such facility limits. For intormation on the availability ofaccount balances tor utilization, please contact our call centre at 65 6538 1'l l l.Singaporo dollar deposits of non-bank depositors and moniesand deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit lnsuranceCorporation, for up to 5$50,000 in aggregate per depositor per Scheme member by law- Foreign cunency deposits, dual currency investments,struclured deposits and other investrnent products are not insured.

30 Apr 201729 Apt 2017

8801rM15307443

SERVICE CHARGESERVICE CHARGE

P nted By WANG HUI

Printad On 20 Jul2017 14:40:32

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*"dMr. Xu Ji n

6P o?s ....'...... "....... "'Managiog'DirectorYoung Clothing Limited.

gttic?BcSoia86

Tax Incentive ApplicationForm (6)

Ref .No:Dated:

>dll' , 7ul.j ,)otq

To

Subject Application for Tax Incentive

I do hereby apply with the following particulars for the tax incentive under section 74 of MyanmarInvestment Law:

Chairman


Applicant

(a) Name of Investor

(b) Name of Company

(c) Type of Business

(d) Myanmar Investment Commission

Permit or Endorsement No. (lf a permit

or endorsement is still processing, please

Mr. Xu Jian

Young Clothing Limited

Garments Manufacturing with CMP System

2

describe the information.)

If investor doesn't submit by himselfl herself, the applicant's;

(a) Name of contract Person

(b) National Registration Card No/

3. Construction period or Preparatory period One Year

Applied for the following tax incentive :

(a) Exemption or Reliefunder section 75(a)

(i) Income tax exemption for three consecutive years including the year of commencement of

commercial operation for the purpose of investing at Thar Du Kan Industrial Zone, Shwe

Pyi Thar Township, Yangon Region.

4

5

Commencement date for commercial operation

6

9

10.

Note : The application must specify precise tax incentives applied for-

Ifthe investor apply for tax incentive under sectionT5(a),

Please state the Zone in accordance rule 83 or the Zone in

which more than 657o of the value of the investment is

invested or carried out in Accordance with rule 96.

Land Survey Ward No.51,

Plot No.125, Thar Du Kan

Industrial Zone, Shwe Pyi Thar

Township, Yangon Region.

Factory (2)

If the investor apply for tax incentive under section 77 (a) and (d), please fillthe

information in schedule( 1 ).

If the investor apply for tax incentive unde section 77(b) , Please state the following information

and fill in schedule(2) :

(a) an expected amount as per year to be - Ks- 194.15 Million

eamed from the investment

(b) Foreign Currency from export as per - USD- 1.8116 Million

year

If the investor apply for tax incentive under section 78(a), please state the following information

in accordance with rule 99 :

(a) Please describe, which financial the profits

reinvested are earning by the investor.

(b) Please describe which financial year the profit

are reinvested by the investor

(c) Please describe the amount of

reinvestment.

If the investor apply for tax incentive under section 78(b), please describe the following

information:

Provide the depreciation schedule of assets for which the depreciation rate is to be adjusted ,

showing both the depreciation at the standard rate and ata rate of 1.5 times the

depreciation rate permitted under the relevant laws of the Union.

(a)

7.

8.

11.

(b) Has the investor separately applied for or obtained an adjustment to the depreciation rate from

the relevant authority.

If the investor apply for tax incentive under section 78(c) , provide an itemized list of

actual research and development expenses for the cunent financial year

JianD ire ctor

Young Clothing Limited.Designation

(o0 ogp!:o{poo2Q

o$Q: (us$)

(ooEo<il8C

2Qgocno$Q:("aFl

(oo8otn8:)

goossaq$gr$:o:cc

p$o$$:oqB1$:o:(10o/o)

(c.9) aogQpQgloca

o$$:cqpq$:or:

1

2

15

1,374.49

2,040.00

186,930.64

204.00

18,693.06

306.00

28,039.60

Total 1,389.49 188,970.64 18,897.06 28,345.60

YOUNG CLOTHING LIMITED

o$8:oqipt$:o:qp:

Office Fumiture & Equipment

Machinery & Equipment

SCHDULE (I). LIST OF PRODUCTION EOUIPMENTS NEEDED

NO

4

2

,

5

6

lThread Dividing Machine

Sleeve Machine/Cuff Sewing Machine

8 ,rtton Hole Machine

9 Bar Tack machine

l0 Button Machine

llt2

t4

l5

l6

t7 Keyhole Button Hole Machine

l8 Button machine

8452

8452

8452

8452

SOURCE

III{PORT

HS CODE

(WITH FOR DIGIST)UNIT QUANTITY

UNIT PRICE(usD) TOTALVALUE

LOCALRemark

81 2 3 4 5

Brand NewCHINAl0 1200

6

CHINA Brand New

8441

8441

SET

SET 36,000.00

Cutting Machine

Fusing Machine

Brand NewCHINATable for Cutting Machine t0

4

740 7,400.00SET

SETSewing Machine Rrand New

Brand New

8441

8452 SET 48 1670

CHINA

CHINADouble Needle Machine

Brand NewCHINA8452 SET 2 400

567,000.00

800.00

rJ0,160.00

Brand New8452 SET 4 9000 36,000.00

CHINA Brand New8452 SET 4 5200 20,800.00

CHINA Brand New8452 SET 4 3260

Brand NewCHINA8452 SET 4 2000

13,040.00

8,000.00

CHINA Brand NewSET ll0 800 88,000.00

CHINA Brand New250

8452

8441 SET l0 2,500.00

Brand NewCHINA

Five Thread Machine

End Cutter Machine

Ironing Table 9405 SET 78 290

Brand New8452 4200 16,800.00Felling Machine/Blind Stitich Machine SET

CHINA Brand NewBelt Loop Machine SET 2 2,400.00

Brand NewJet Pocket Machine SET 2

1200

20700 41,400.00 CHINA

CHINA Brand NewSET 2 10680

Brand NewSET 4000

21,360.00

16,000.00

Brand NewSET 23000

4

I

CHINA

l9 Needle Detector Machine 8543 23,000.00 CHINA

LIS'T OF ITEM

7

12,000.00

9000

8452 810 700

CHINA

22,620.00

CHINA4

I

l3

SCHDULE (1) - LIST OF PRODUCTION EOUIPMENTS NEEDED

NO

20

2',|

22

24

23

Exhaust Fan

26

tcPlotting Machine

-irap Button Machine

29 Bagging Machine

30

3l

32

33

34

35

(

SOURCEHSCODE

(WITH FOR DIGIST)LIST OF ITEM UNIT QUANTITY

UNIT PRICE(usD) TOTALVALUE

LOCAL IMPORT

I ) 3 4

Remark

5 7 8

8452 SET Brand New

SET

t2

2

CHINA

CHINA Brand New8414

8501 SET 2 1r)0,000.00

l)

3,600.00

400.00

CHINA Brand New

Button Attaching Machine/Hook & Bar

Boiler

Air Compressor

Generator

SET I

200

300

50000

25000 Brand New

Electricity Works( I Fult Set)

7304

8548 I 100000 Brand New

8708 SET Brand New267

CHINA

CHINA

20000

100,000.00

25,000.00

8,010.00

20,000.00 Brand New8439

84s2

SET

SET

30

I

l0 600 Brand New

t2 500

CHINA

CHINA Brand New

844t 6 200 Brand New

6,000.00

6,000.00

1,200.00 CHINA

8424 I 30000 CHINA Brand New

8424

SET

I 50000 Brand NewCHINA

8422 SET I 2000 CHINA Brand New

9s03 l0 Brand NewCHINA

8440 SET I Brand NewCHINA

Numbering Machine

Piping Hanger Works (l Full Set)

Steam Pipe Works (1 Full Set)

Packing Machine/Strapping Machine

Binding Cufter

Dummy Hanger 500

2000

r0,000.00

:r0,000.00

2,000.00

2,000.00

5,000.00

1,374,490.00 ITotal

CHINA

SET

CHINA

8441 SET

SET

SET

SEl'

25

SCHDULE (2) . LIST OF PR DUCTION INPUT NEEDED

NO

l0

2

3

4

5

,(

8

9

1

ll

t2

l3

l4

l5

IOO%POLYESTER FAI}RIC

5'% COTTON 45% POLYESTERFABRIC

ANNUAL NEEDS

IMPORTOTHERUNIT UNIT PRICE (USD)

TOTAL VALUE (USD)QUANTITY

LOCAL

QUAI\TITYTOTAL VALUE

(USD)

LIST OF ITEMHS CODE

(WITH FOURDIGIST)

8 92 3 4 5 6 7I

343.200 514,800.003102s29000 MIOO% COITON FABRIC

3702529000 1.50 720,000.00V!SCO FA-BRICM

1.50 540,000.003702529000

M 1.50 324,000.00I OO'/O POLYURETTIANE FABRIC

ELASTINE FABRIC

3702529000

M 1.50

360,000

216,000

216,000

000480

324,000.00IOO% NYLON FABRIC 3702529000

3',102529000 M 1.50 162,720 244,080.00

3'102529000 1.50 109,440r 64,160.00

192,000.003702529000

M

M 1.50 r28,00065% COTTON 35Ol. NYLON FABRIC

M l.s0 I 12,000 168,000.00?O% COTTON 3OOld NYLON FABRIC 3702529000

M 180,000 270,000.003702529000

M 180,000 270,000.00

75% COTTON 25% NYLON FABRIC

8OOl. MI-YF.STER 209l" COTTON FARRIC 3702529000

96,000 144,000.003702529000 M

M 126,000.00

85% COTTON I5%NYLON TABRIC

9J%ACRYLIC 5% WOOL FABRIC 3702529000

M

1.50

1.50

1.50 270,000.0097'l. COTTON 3%POLYURETHANE FABRIC 7702529000

M3702529000

84,000

180,000

(BOAPILE FABRIC

1.50 180.000

1.50

M

1.50

1.50

270,000.00

I

SCHDULE (2). LIST OF PR DUCTION INPUT NEEDED

ANNUAL NEEDS

LOCAL IMPORTHS CODE

(WITH FOURDIGIST)

UNIT UNIT PRICE (USD)

QUANTITY

OTHER

TOTAL VALUE (USD) QUANTITYTOTAL VALUE

(USD)

I, 3 5 7 8

POLYESTER MESH WOVEN FABRIC 3702529000 M 1.50

6

37,440 56,160.00

3702529000 MPOLYESTER TAFFETA FABRIC

124,800 187,200.00

BUCKLE 6r 01900000 U 0.09 1,624,000 146,160.00

AUTTON 6101900000 U 0.09 9,744,000 876,960.00

BUTTON LOOPU 0.04 324,800 12,992.00610 r 900000

6101900000 U 0.09146,160.00

6 r 01900000 U 1.00

1,624,000

858,000 858,000.00

3702s29000 MEt lSTlC STRING

0.07 324,800 22,736.00

9506700000EYELET+WASHER2U 0. r0 649,600.00

HANGER 6101900000 U 0.30

6,496,000

1,624,000 487,200.00

HARD TAC 6101900000 U 0.03 1,624,000 48,n0.00

HIDDEN SPRING SNA.P+WASHER 9s06700000 2U 0.10 6,496,000

IMITATION LEATHER 3702529000 M 1.00129,000.00

INTERLININC,(NON WOYEN) 3702529000 M 0.30

129,000

812,000 243,600.00

MKNIT 12,000.00

NO

20

l6

t7

l8

l9

23

24

25

26

28

29

2t

-(22

CARE LABF,I,

30 3702529000 0.10 120,000

LIST OF ITEM

4 9

1.50

649,600.002'.7

(

NO

3l

32

33MICROGELL(U=KG)

34 POLYBAC

35PRICE STICKER

t3 PzuCE TAG & PIN

37RIVET

38

39

4t

43

LOCAL IMPORTOTHERLIST OF ITEM

HS CODE(WITH FOUR

DIGIST)UNIT UNIT PRICE (USD)

QUANTITY TOTAL VALUE (USD) QUANTITYTOTAL VALUE

(USD)

9I 2 3 4 5 6

9506700000 584,640.000.09

7

6,496,0002U

U

LOC,O SPRING SNAP+WASHER

MAIN LABEL 6101900000 0.09

6101900000 U 0.70 31,080.00

6101900000 U 81,200.00

6101900000 U 146,160.000.09

0.03

I,624,000

1,624,000

r,624,000

t,624,000

44,400

48,720.006101900000

9506700000 2U

U

0.10 1,200,000 120,000.00

USIZE I-ABEI- 6101900000 1,624,000 146,160.00

6101900000 U

0.09

0.09 1,624,000 146,160.00

6101900000 U 24,354.00

3702529000 M

STRING STOPPER

VELCRO TAPE

THREAD0.09

0.09

270,600

60,000 5,400.00

5,400.003702529000

6101900000

M

U

0.09

0.03

60,000

4,872,000

6101900000 U

146,160.00

682,080.004,872,000

WEBBINGTAPE

ZIPPER

0.14

I rJ80,80262,609,2OOI44

SCHDULE (2) - LIST OF PRODUCTION II\PUT NEEDED

ANNUAL NEEDS

8

146,160.00

0.05

40

42

Lq

YOI]NG CLOTHING LIMITED

LISTOF DIRECTORExhibit No.I

Sr

No

Name Citizenship N.RC

Passport No

Designation Address

Room 13, Building No.l75, Hongshan Road, Xuanwu District,

Nanjing, China.

No.404, Block 4, Hongfu.yuan, Qinhuai District, Nanjing City,

China.

I MR. XI] JIAN

MR. WUYONGJIE

China

Passport No

E- 72880461

China

Passport No.

E- 77789275

Managing Director

Director2


CAPITAL COST

( In Thousand) Exhibit No.ll

Remark:Exchange Rate lUS$ = Kyats 1360

- Machineries will be invested as Inkind.- Proposed Capital including inkind will be invested within one year.

Sr

No

Particular US$ Equ; Kyats KYrts Total Kvats

I 2 3 6

I

A

I

2

3

4

Investment Type.

FOREIGN CAPITAL

Factory Building

In Fumiture & Equipment

In Machineries & Equipment

In Cash

1,374.49

500.00

r 5.00

680,000.00

20,400.00

1,869,306.40

680,000.00

1,869,306.40

20,400.00

1,889.49 2,569,,706.40 2,569,706.40TOTAL CAPITALI

4 5

Exhibit No.tr (A)

Sr

No

Dimension No. of

Building

1

2

Factory Building (2 Storey)

Faclory Building (3 Storey)

150' x 200'

30' x 40'

lG.Jo)

I (No)

Total 2(No)

YOUNG CLOTHTNG LIMITED

FACTORY BUILDTNG

Description

LIST OF FURNITIJRES AND OFFICE EQIIPMENTS

LOCAL PIJRCHASE

Exhibit No. III

Sr No. Particulars Qty UnitsUnitPrice(us$)

Value

In (Us$)

1

2

3

4

5

6

7

8

Computer

Printer

Table

Chair

Cabinet

Settee

Air Con

Water Cooler

9

4

30

50

10

5

2

5

Nos

Nos

Nos

Nos

Set

Nos

Nos

473

r58

84

l6

2s8

526

263

21r

4,257

632

2,520

800

2,580

2,630

<)A

1,055

Total 1S,000


Nos

YOUNG CLOTHING LIMITEDMachineries & Equipment

To Be ImportedExhibit No. IV

(

SrNo.

Name HS Code Q'ty Unit Price (USD) Amount (USD)Country of

OriginRcmark

1 Cutting Machine 8441 l0 SET 1,200.00 12,000.00 CHINA Brand New

2 Fusing Machine 844l 4 SET 9,000.00 36.000.00 CHINA Brand New

3 Table for Cutting Machine 8441 l0 SET 740.00 7,400.00 CHINA Brand New

4 Sewing Machine 8452 810 SET 700.00 s67,000.00 CHINA Brand New

5 Double Needle Machine 845 2 48 SET 1,670.00 80,160.00 CHINA Brand New

6 Thread Dividing Machine 8452 2 SET 400.00 800.00 CHINA Brand New

l Sleeve Machine/Cuff Sewing Machine 8452 4 SET 9,000.00 36,000.00 CHINA

8 Button I lole Machine 84s2 4 SET 5,200.00 20.800.00 CHINA Brand New

9 Bar Tack machine 8452 4 SET 3,260.00 13,040.00 CHINA Brand New

l0 Button Machine 8452 4 SET 2,000.00 8,000.00 CHINA Brand New

ll Five Thread Machine 845 2 ll0 SET 800.00 88,000.00 CHINA Brand New

End Cutter Machine 8441 10 SET 250.00 2,500.00 CHINA Brand New

t3 Ironing Table 78 SET 290.00 22,620.00 CHINA Brand New

t4 Felling Machine/Blind Stitich Machine 84s2 4 SET 4,200.00 16,800.00 CHINA Brand New

15 Belt Loop Machine 8452 2 SET I,200.00 2,400.00 CHINA Brand New

l6 Jet Pocket Machine 8452 2 SET 20,700.00 4l,400.00 CHINA Brand New

t7 Keyhole Button Hole Machine 8452 2 SET 10,680.00 21,360.00 CHINA Brand New

l8 Button machine 8452 4 SET 4,000.00 16,000.00 CHINA Brand New

t9 Needle Detector Machine 8543 1 SET 23,000.00 23,000.00 CHINA Brand New

20 Button Attaching Machine./Hook & Bar Machine 84s2 t2 SET 3 00.00 3,600.00 CHINA Brand New

21 Air Compressor 8414 2 SET 200.00 400.00 CHINA Brand New

22 Generator 8501 2 SET 50,000.00 100.000.00 CHINA Brand New(

Brand New

t2

9405

Exhibit No. IV

(

SrNo,

Name HS Code Q'ty Unit Price (USD) Amount (USD)Country of

OriginRemark

23 Boiler 1304 I SET 25,000.00 25,000.00 CHINAa/ Electricity Works(1 F'ull Set) 8548 I SET 100,000.00 100,000.00 CHINA Brand New

25 Exhaust Fan 8708 30 SET 8,0 r 0.00 CHINA Brand New

26 Plotting Machine 8439 I SET 20,000.00 20,000.00 CHINA Brand New

28 Snap Button Machine 8452 l0 SET 600.00 6.000.00 CHINA Brand New

29 Bagging Machine 8441 t2 SET s00.00 6.000.00 CHINA Brand New

30 Numbering Machine &441 SET l,200.00 CHINA Brand New

31 Piping Hanger Works (l Full Set) 8424 I SET 30,000.00 30,000.00 CHINA Brand New

32 8424 I SET 50,000.00 50.000.00 CHINA Brand New

JJ Packing Machine/Strapping Machine 8422 I SET 2,000.00 2,000.00 CHINA Brand New

34 Dummy Hanger 9503 l0 SET s00.00 5,000.00 CHINA Brand New

35 Binding Cutter 8440 I SET 2,000.00 2.000.00 CHINA Brand New

Total 1,374,490.00

(

YOUNG CLOTHING LIMITEDMachineries & Equipment

To Be Imported

Brand New

267.00

6 200.00

Steam Pipe Works ( I Full Set)

YOUNG COMPANYLIMITED

Raw Material For Men's JacketExhibit No.V

Item Particular Raw Material Unit QtyI Men's Jacket 100% Cotton Fabric

Polyester Mesh Woven

Polyester Taffea Fabric

Buckle

Button

Button Loop

Care Label

Duck Down (U=KG)

Elastic String

Eyelet + Washer

Hanger

Hard Tag

Hidden Spring Sanp + Washer

Imitation Leather

Interlining (Non Woven)

Knit

Logo Spring Snap+Washer

Main Label

Micro Egll (U=KG)

Polybag

Price Sticker

Price Tag & Pin

Rivet

Size Label

String Stopper

Thread

Velcro Tape

Webbing Tape

Zipper

Zipper Puller

ec4cr?cD@ellctqlocDo

oql(Q(Do?c:qpqloo)o

o(qjcr? ())sec :qllo ql oo)o

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[9]:o? c q)o qcf)cccY ro)o q[3

cad3o,Edg

dog:

@pqrca6{g

i3@cr,ScE:

flooaESoddl:

le(9()Jcr:cuoSeroo6dp

oqdr6ca6{1:

e(Rl(l)moac coal qcoaogals

f6@oSc3:oicESo:6{1:

g3:11i,

oco6ooSdo5

oco6 cr.:

oc4+9 cD.o o qa sPoec o a? : glqcl)ooc

+ol9())$:06J3

lgfotl.3qdcn6gco:3{1:

o96oBd1:

o6

o6 ce1€:

M

M

M

U

U

U

U

U

M

2U

t.l

U

2U

M

M

M

2U

U

U

U

U

U

2U

U

U

U

M

M

U

U

2.20

0.24

0.80

1.00

6.00

0.20

1.00

2.86

0.20

4.00

1.00

1.00

4.00

0.43

0.50

0.20

4.00

1.00

0.10

1.00

r.00

1.00

4.00

1.00

1.00

0.18

0.20

0.20

3.00

3.00

Exhibit No.V

Item Particular Raw Material Unit Qtv

2 Ladie's Jacket I 00% Polyurethane Fabric

100% Nylon Fabric

Buckle

Button

Button Loop

Care Label

Duck Down (U:KG)

Elastic String

Eyelet + Washer

Hanger

Hard Tag


Imitation Leather


Knit


Main Label

Micro Egll (U=KG)

Polybag

Price Sticker

Price Tag & Pin

Rivet

Size Label

String Stopper

Thread

Velcro Tape

Webbing Tape

Zipper

Zipper Puller

oql(Q())@eflpqlocDo

oqlq())o?c3flloqloa)o

e1:<,o5o33:

@oSaSr

E?[toac o)o qccJooolso)oqjI

odSco6dg:

dcar

@pq:ca8{1:

l6@oS33s

qo

oaEdca6dp

i3@o,5:3:cuoScc.:o6{1:

oq€:6o3{1:ocqlormcrec oel qcarao9e:

l3@"S13!o:d3or3{pg3:Qd'

ocuSooS:Eo3

os:6crra

oQq{ad6o}pqEont$1qccooo3

l3@,lSr3'c6d3

@u"Ei,

-dsldcnSgco6{1:

o93ca6dp

o3

ooce lc !

M

M

U

U

U

U

U

M

2U

U

U

2U

M

M

M

2U

U

U

U

U

U

2U

U

U

U

M

M

U

U

1.50

1.50

1.00

6.00

0.20

1.00

2.86

0.20

4.00

L00

1.00

4.00

0.43

0.50

0.20

4.00

1.00

0.10

1.00

1.00

1.00

4.00

1.00

1.00

0.18

0.20

0.20

3.00

3.00

YOUNG COMPANYLIMITEDRaw Material X'or Ladie's Jacket

Raw Material For Men's Trousers

Exhibit No.VItem Particular Raw Material Unit Qty

3 Men's Trousers 1 00o/o Polyester Fabric

55o/o Cotton 45o/o Polyester Fabric

Buckle

Button

Button Loop

Care Label

Elastic String

Eyelet + Washer

Hanger

Hard Tag




Main Label

Micro Egll (U=KG)

Polybag

Price Sticker

Price Tag & Pin

Size Label

String Stopper

Thread

Zipper

Zipper Puller

cncc r.ri cQ (I) oac tqllo ql o o)o

ey)2c3')o?(.l)@eflloqto@o

e1:oo5qEr

@oSc3:

[9[3cBc o)oqcc)coo? !cDo q[;ot6o3dp

@pq:o6dpf3@rfa3:

llocaSdcaddp

l3@,$a3!oo3dr,6,ca3d1:

l3@<r543!coJSoSdp

g3:96

uco3oca63o5

oardcrr:

cocSrdcaoESoiepq3o:i :$1qcoao3

oi.E6

@rdi,.3sldod

o6ce13r

M

M

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U

U

U

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2U

U

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2U

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2U

U

U

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U

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U

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U

U

U

l.l30.76

1.00

6.00

0.20

1.00

0.20

4.00

1.00

1.00

4.00

0.50

4.00

1.00

0.10

1.00

1.00

1.00

1.00

1.00

0.15

3.00

3.00

YOUNG COMPANY LIMITED

YOUNGCOMPANY LIMITED

Exhibit No.VItem Particular Raw Material Unit Qty

4 Ladie's Trousers 65% Cotton 35% Nolyn Fabric

70% Cotton 30% Nolyn Fabric

Buckle

Button

Button Loop

Care Label

Elastic String

Eyelet + Washer

Hanger

Hard Tag




Main Label

Polybag

Price Sticker

hice Tag & Pin

Size Label

string stopper

Thread

Zipper

Zipper Puller

crrc !.D o? (D@eg fl [o ql ocr)o

a co ccg).c r.D q ())oSc !qlloall oo)o

o1roo5q3:

@oSc3:l-Dl9[%c o)o qc.r.ool :a)oqjl:

caJSo:3{1:

@po1:o3d1:

iSEtrScS!

floo:d3o6{p

$3@o5:S,oq3r5odd1:

$3@qSa3!

cD.oog)oqjl

ocoSooddo5

oo:6-oc o c . oc \ C . n C

cy)2c rt) 19 o).o o oa sPoac o cl rt9[qca]2oc

c6Jd

@r'oEi,.3qdod

o6 cel3 t

M

M

U

U

U

U

M

2U

U

U

2U

M

2U

U

U

U

U

U

U

U

U

U

0.80

0.70

1.00

6.00

0.20

1.00

0.20

4.00

1.00

1.00

4.00

0.50

4.00

1.00

1.00

1.00

1.00

1.00

1.00

0.15

3.00

3.00

Raw Material Ladie's Trousers

Exhibit No.V

Item Particular Raw Material Unit Qtv

5 Dress 75% Cotton 25% Nolyn Fabric

80Vo Polyester 20%o Conon Fabric

Buckle

Button

Button Loop

Care Label

Elastic String

Eyelet + Washer

Hanger

Hard Tag




Main Label

Polybag

Price Sticker

Price Tag & Pin

Size Label

String Stopper

Tluead

Zipper

Zipper Puller

ocRlqorco29qtoqlooo

ocqlcQ())crac !qloql ocr)o

elroo5qdr

@o5a3r

@po23 ca3 qcarooq rca6d1:

oidSoaS{p

@poirca6{1:

$6@qSat'qlo

od6o6dp

16@t,53t'oo3€r6ca6d1:

$6@oSa3'oiaEdcaSdp

oco3oca53o5

oqrdcr:a

o(qll9 cD.ooo?(PoBcoe? rg[qccr.oc

c6J3

@poE{r

-6ctdo6

odcel€r

M

M

U

U

U

U

M

2U

U

U

2U

M

2U

U

U

U

U

U

U

U

U

U

1.50

1.50

1.00

6.00

0.20

1.00

0.20

4.00

1.00

1.00

4.00

0.50

4.00

1.00

1.00

1.00

1.00

1.00

1.00

0.15

3.00

3.00

YOUNG COMPANY LIMITEDRaw Material For Dress

YOUNG COMPANY LIMITEDRaw Material For Skirt

Exhibit No.V

Item Particular Raw Material Unit Qty

6 Skirt Visco Fabric

Elasline Fabric

Buckle

Button

Button Loop

Care Label

Elastic String

Eyelet + Washer

Hanger

Hard Tag




Main Label

Polybag

Price Sticker

Price Tag & Pin

Size Label

String Stopper

Thread

Zipper

Zipper Puller

o(DcDcr?(r)coe9qloqloo)o

o(D@o?(Doec!qJ[oqto@o

e r:ocDoac r

l!9(D$!

lgf o? c cD o qc,J.re c\? : o) o q[:

cD.ooooqj[

t9[o?:o)oqllt

lol9orfr:qlo

o).ooo)oqj[:

lolglorcrse%c:eooq[:

+o19())f,r:ca.o ocDo qi[

oc,c3oca33oj

ocDooca

omo)l9 cD.oooa(Pc,'eceal!19[6loc).(Jc

cr)ao o

lg[col!ooqigoo

c6col3:

M

M

U

U

U

U

M

2V

U

U

2U

M

?U

U

U

U

U

U

U

U

U

U

0.80

0.60

1.00

6.00

0.20

1.00

0.20

4.00

1.00

r.00

4.00

0.50

4.00

1.00

1.00

1.00

1.00

1.00

1.00

0.18

3.00

3.00

YOUNG COMPANY LIMITEDRaw Material For Blouse

Exhibit No.V

Item Particular Raw Material Unit Qty

1 Blouse 85oZ Cotton 15% Nylon Fabric

95Yo Acrylic 5o/o Wool Fabric

Buckle

Button

Button Loop

Care Label

Elastic String

Eyelet + Washer

Hanger

Hard Tag



Knit


Main Label

Polybag

Price Sticker

Prica Tag & Pin

Size Label

String Stopper

Thread

Zipper

Zipper Puller

oqlc4orcoe9flloqlog)o

ecqlcr? (}) oac | fl lo ql ocDo

aMcD(,ecr

@oScSr

[9g[:03c cDoqccJ.ocl :o)o q]r

oioESo:3{p

[9ro g)oqll

{3@oSc3'qo

oioESoddp

lol9(})srtoq3r5ca6{p

leCCCCoo?lo)cDoBcg)oqcoaog?9!

+ol!3c\)$3oioE3ca6{p

ocu6ocaSSoS

ocodcrra.^ coqjlg cDoo% 6poec oa? : glqccreoc

06.E 6

[9rol3-3cldo3

oSee'I3:

M

M

U

U

U

U

M

2U

U

U

2U

M

M

2U

U

U

U

U

U

U

U

U

U

0.80

0.70

1.00

6.00

0.20

1.00

0.20

4.00

1.00

1.00

4.00

0.50

0.20

4.00

r.00

1.00

1.00

1.00

1.00

1.00

0.15

3.00

3.00

Exhibit No.VItem Particular Raw Material Unil Qty

8 Jumpsuit 97o/o Cotton 3Vo Polyurethane Fabric

Boapine Fabric

Buckle

Button

Button Loop

Care Label

Elastic String

Eyelet + Washer

Hanger

Hard Tag



Knit


Main Label

Polybag

Price Sticker

Price Tag & Pin

Size Label

String Stopper

Thread

Zipper

Zipper Puller

cQQcoeqloqloo)o

o?(Dcrec !fllo qloq]oe r:ocDoec r

[9(})a)r

[99[:sa c q)o qca)oo c\l ! cD o q[:

cD.oocDo qlI

l!9rc\r@oq[

+olg())crrqlo

o).ooo)oqlI

+ol9or35!eoec!oo)oq[

c(\)cDoec cDoqcoao929!

lot9(D1)lo).DocDoql[:

ocuoocDo9cD

oq>oct )cDsroo?.Po?ce"l!ls,lqccr.ocq)oo

@r"Ei,3()qieg

oo

odce13:

M

M

U

U

U

U

M

7U

U

U

?U

M

M1tI

U

U

U

U

U

U

U

U

U

YOUNG COMPANY LIMITEDRaw Material F'or Jumpsuit

1.00

1.00

1.00

6.00

0.20

1.00

0.20

4.00

1.00

1.00

4.00

0.50

0.20

4.00

1.00

1.00

1.00

1.00

1.00

1.00

0.15

3.00

3.00

Exhibit No.V(A)

Quaotity

Sr Parlicular Unit HS CodePrice/Unit

Year -1 Y ear-2 Year-3 Year-A Year -5-10

1 IOO% COTTON FABRIC

VISCO FABRIC

ELASTINE FABRIC

IO()% POLYURETHANE FABRJC

I()O%NYLON FABRIC

] OOO/" POI-YFSTF,R FABRIC

55% COTTON 45OlO POLYESTER FABRIC

!9

IO

65% COTTON 357O NYLON FABRIC

70% COTTON 3O% NYLON FABRIC

7570 COTTON 25% NYLON FABRIC

80% POLYESTER 20% COTTON FABRIC

5% COTTON 15% NYLON FABRIC

13

l4

95% ACRYLIC 57O WOOL FABRIC

97% COTTON ]%POLYURETHANE FA-BRIC

l5 BOA PILE FABRIC

16

't'l

l8

POLYESTER MESH WOVEN FABRIC

POLYESTER TAFFETA FABRIC

BUCKLE

l9 BUTTON

t0 RI ITTON I,Cr)P

1t CARE LABEL

DUCK DOWN(U=KC)

23 ELASTIC STRINO

24 EYELET+WASHER

25 HANGER

26 HARD TAG

2,7 IDDEN SPRING SNAP+WASHER

2tt ,,V,ITATION LEATHER

29 INTERLINING(NON WOVEN

30 KNIT

31

32

33

34

l5

36

3',7

LOGO SPRING SNAP+WASHER

MAIN LABEL

MICRO CELL (U=KG)

POLYBAC

PRICE STICKER

PRICE TA(; & PIN

zuVET

SIZE LABEL38

l?40

4l

STRING STOPPER

THREAD

VELCRO TAIE-

WEBBNG TAPE42

43

44

z!ryEE__ZIPPER PULLER

M

M

3102529000

31o252gOOO

3 t02529000

3'.to252gOOO

3't0252}OOO

3702529000

37o252gOOO

37o252gOOO

3702529000

3702529000

3702529000

3102529000

3702529000

3702529000

3702s29000

3702529000

3702529000

6101900000

6101900000

6101900000

6l0l gooooo

6101900000

3702529000

9506700000

6 r 01900000

6101900000

9506700000

3702529000

3702529000

3702529000

9506700000

6101900000

6t 0 t 900000

6t 0 | 900000

6t 0 t 900000

6t 0 t 900000

9506700000

6101900000

6101900000

6101900000

3102529000

3702529000

6t 0 t 900000

6101900000

1.5 343.200

480,000

360,000

216.000

216.000

t62.720

109,440

350,064

489,600

367,2N

220,320

220,320

t65,974

I I1,629

r 30,560

- _ |4,210

183,600

97,920

85,5E0

183,600

EL@38,r89

121,296

1,656180

9938,t80

331,296

r,656,480

875,160

331,296

6,625,920

1,656,480

r,6s6,480

6,625,920

l3l,580

828,240

122,4N

6,62s,920

t,656,480

45,288

. -.!,6561!q

_ I,656,480

1,656,480

1,224,0N

1,65q,48!

r,656,480

-_ 276,0t2

61,2N

6l,200

4,969,440

4.s69.U0

356,928

499.200

314,400

224,640

224,6,10

169,228

I t 3,818

I ll,l20

I r6,480

181?q0

1qt?qq

99,840

87,360

I87,200

I87,200

38,91L

129,792

r,688,960

to,t33,7fi

337.792

I,688,960

892,320

337,792

6,755,840

r,688,960

1,688,960

6,755,840

I3d160

844,480

12Lqs0

q.l!5.ql0

1,688,960

46,176

1,688,960

1,688,960

t,688,960

1,248,000

t,688,960

1,688,960

281,424

q2-4!q

62,400

5,066,880

5,066,880

363,792

508,800

38t,600

228,960

228,960

172,482

r r6,qq

!3.s.9!q

r r8/2q

190,800

310,656

518,400

188,800

233,280

233,280

17s.736

r18,r96

138,240

r20,960

t.5

M 1.5

1.5M

M

M

M

1.5

1.5

1.5

1.5

128,000

112,000

r80,0001.5

1.5

1.5

re4.400 I

'

ert,1!9

103,680

90 '720

194.400

t91,400

40,436

134,784

I ,',l 53,920

t0,523,520

350.784

1:7s3Q20

926,64

350,784

7,015,680

1,753,920

1.753.920

7,015,680

139,t20

_ 876,%0

t29,@0

7,015,680

t;ts3.920

47,952

1.753,920

!.7s]!29

UE2M.1,296,000

t,753,920

t,753,920

292,248

64,800

e.8!q

_ 5,26t,760

5,261,t60

180,000

96,000

84,000

190,800

101,760M

M

M

M

M

M

U

U

U

U

1.5

1.5

89,040

180,000 190,800

1.5 180,000 190,800

1.5

1.5

0.09

0.09

3',7,440 39,687

124,800 132,288

1.624,000 I,721.440

9,7M,Un

321,800

1o,328,640

0.04 344.288

009 1,624,000

8i8,000

1,721,440

909,480

344,288

6,885,760

1,721,44t)

t.721.440

U

M

2U

U

I

0.07 324,800

0.1 6,496,000

0.3 1,624,000

2U

0.03

0.1

t,624.000

6,496,000 6,885,760

136,740M

M

I 129,000

0.3 812,000 860,720

't27,2U)M 0.1 120,000

6.496,0002U 0.09 6,885,760

U

U

U

0.09

0.1

0.05

1,624,000

44,400

1,624,000

r,624,000

1,624,000

I,200,000

1,624,000

t,721,440

47,0&

1,72t.440

U

U

2U

0.09

0.1

0.09

1,721,440

| 1?!,!!0_

1.212,000

1,721,440U

U

U

M

0.09 1,624,000

270,6(n

60,000

60,000

t,121,440

286,836

63,600

0.09

0.09

0.09M

U63,600

0.03

0.14

4,872,OO0

4,872,OOO

5,164,3?9

5,164,320U

Note - Frbric & Accessories will b€ imported from Chim.

YOUNG CLOTHING LIMITEDList of Raw Materials Reouirement To Be Imported Per Year

1.5

M

M

M

M

U

0.03

2

3

4

5

6

'|

YoIJNC CLOTHING LIMITEDArkllcrs: : No. 125, Kytuk Scinn Street ,Thardukan Industrial Zone,

Shwc I'yi 'l'hur 'l'ownship, Ynngon, Myanmar,

( Mt' ('()N',l RAC',l'

DATE: 13 -ruLY-17CONTRACT NO: YS-l7-001

This Contract is between the Young Clothing Limited (Fnctory-2) (No.125, Kyauk Seinn Street,

Thar[ukan lndustrial Zone,Shwe Pyi Thar Township, Yangon, Myanmar.) Hereinafter call "The Producer and

the Singapore Keluoai Industry Pte. Ltd. ( l0 Anson Road lntcrnational Plaza #19-01 Singapore 079903 .

Hereinaffer call "The Supplier".

" The Supplier" agrees to Supply " Raw Materials" And " The Producer" agrees to make the

following commodities.

Sr

I Men's Jacket

2 Ladies'Jacket

J Iv4en's Trousers

4 Ladies'Trousers5 Dress

6 Skirt7 Blouse

8 Jumpsuit

Payment System : Telegraphic Transfer (T/T)

"Singapore Keluosi Industry Pte Ltd." wilt supply Raw Materials for the above orders to

"Young Clothing Limited (F-actory -2 )" as per agreed date."The Producer" will produce garment and exportaccording to the advice of " The Supplier".C.M.P charges are mentioned above.

This contract is subject to the receipt of Export License fiom the directorate of Trade , Minisky Of Commerct

This contract shall be governed by the Laws ofthe government ofthe Union of Myanmar.

Producer Supplier

r/(t,,-(

k\ )^/\tfi'

t.

IMr.Xu Jian

Managing DirectorYoung Clothing Limited (Factorr -2)

lIr.Gu Huallanaging Direclor'

Singapore KelEosi Industr) Pte Ltd.

Description of Finished Goods

ngYOUNC CTOTHINC II}TII€D

CAflilENI }IANUfACTUflER{.

e?e9

E$,,?$EcqE+fi 6g9ocr:5o9p

<1$c2$of8:oscc@r

ep6$r r ,? . .L. JocQ

oc@:E:socpu

qE <5loEo$ e$86:co6,{f$6oo: cDog: @uck Down) 4 -En6'spoa8 moqgf oo6

fu Hfoi:c{o"eae8:q$oEsaofficcp} cDogcooEqp:c{ o8a3E:}<!m ccc6{Eqpog'S[oqgQ

ccD:g):8o80

4ff, ,i

\l r. \u ,Jian

Mrnaging Dircctor

Young Clothing Limited.

Address: No - 182/2 &. l82l1l, Bamaw A Twin Wun Street, ShwelinPan Industrial Zone,

Hlaing Tharyar Township, Yangon, Myanmar. Tel : 0l - 613929

U

Young Clothing Limited d Factory (2) oqcf ot$o:oca o{S1c3o

oqog6c$x>$@f +d S$p-cScqc6eyry$: coEcgE:op!$Edlo@:E: <>$acnc8Q0-d*

Exhibit No.VI

PARTICULARS AA,I YEAR.I YEAR - 2 YEAR - 3 YEAR. 4 YEAR - 5-IO

Production OuantitvMen's JacketLadie's JacketMen's TrousersLadie's TrousersDressSkirtBlouseJumpsuit

Pcs'000

Pcs'000

Pcs'000

Pcs'000

Pcs'000

Pcs'000

Pcs'000

Pcs'000

156.00

t44.00144.00

r60.00120.00

600.00

120.00

180.00

159.12

146.88

146.88

t63.20t22.40612.00

t22.40183.60

162.24

149.76

t49;7 6t66.40124.80

624.00

124.80

187.20

165.36

152.64

152.64

169.60

127.20

636.00

t27 .20

190.80

168.48

155.52

t55.52172.80

129.60

648.00129.60

194.40

US$/ Pcs

US$/ Pcs

US$/ Pcs

US$/ Pcs

US$/ Pcs

US$/ Pcs

US$/ Pcs

US$/ Pcs

1.50

1.40

1.50

1.40

1.20

0.800.801.20

1.53

1.43

1.53

1.43

1.22

0.82

0.82

1.22

1.56

1.46

1.56

1.46

1.24

0.84

0.841.24

1.59

t.49

1.59

1.49

1.26

0.86

0.86

1.26

1.62

1.52

t.621.52

1.28

0.88

0.88

1.28

Income Value

Men's Jacket

Ladie's Jacket

Men's Trousers

Ladie's Trousers

Dress

Skirt

use

Jumpsuit

us$ 000

us$ 000

us$ 000

us$ 000

us$ 000

us$ 000

us$ 000

us$ 000

234.00

201.60

216.00

224.00

144.00

480.00

96.00

216.00

243.45

2t0.04

224.73

233.38

t49.33

501.84

100.37

223.99

253.09

218.65

233.63

242.94

154.7 5

524.16

104.83

232.r3

262.92

221.43

242.70

252.',10

160.2'7

546.96

109.39

240.41

272.94

236.39

25t.94

262.66

165.89

570.24

I14.05

248.83

TOTAL INCOME IN US$ us$ 000 1,811.60 I,8E7.12 t,964.19 2,012.79 2,122.93

EQUIVALENT IN KYATS Ks 000 2,463,776.00 2,566,483.20 2,671,298.40 2,778,194.40 2,887,184.80

Income Price's Jacket

,-die's JacketMen's TrousersLadie's TrousersDressSkirtBlouseJumpsuit

YOT]NG CLOTHING LIMITEDGOODS TO BE PRODUCED

Note :- Exchange Rate I US$ = Kyats 1360

The Garment Products will be exported to Europe, Canada and China.

Young Company Limited

?o?@c? B

Ladie's Jacket

csoo)@oe eeo(, eiqp:olq

!at

Ladie's Jacket

I

at

Skirt

tI

'.i,

. ;. r.1..

.. - ! 't .:

r'ltl.l'rr nt}.l I i

l \*.i.1. iI a\4.{ 4'.

!I\IIITITIi1

i

3IIII

N('

$t'! ( rE

Ladie's Trouser

Dress

t

"5r*rc*I

Q:. r-

.(.

,)if,iIt +1,

.rd u','

Dress

I

Dress

.4. ->-.a


DEPRECIATION STATEMENT

Exhibit No.VII( In Thousand)

DepreciationSr Particular

Value(us$)

Equivalent(Kyats)

Dep:Rate Year -1 Year -2 Year -5-10Year -4

I

2

Office Furniture & Equipment

Machinery & Equipment

15

1,374

20,400

1,869,306

10%

t0%

2,040.00

186,930.64

2,040.00

186,930.64

2,040.00

186,930.64

2,040.00

186,930.64

2,040.00

186,930.64

Total 1,374 1,889,706 188,970,64 188,970.64 188,970.64 188,970.64 188,970.64I( Remark : (1) Exchange Rate lUS$: Kyats 1360

(

Year -3

LIST OFPERSONNELREQUIREMENT AND SALARY

Exhibit No.vllI

(ln Thousand)

Sr

No.

Description No. of

Requirement

Basic Pay

Kyats

f,stimated

Annual Cost of

Employees

I

I

2

J

4

5

6

7

8

9

l0

ll

FOREIGN PERSONNEL

Quality Controller

LOCAL PERSONNEL

General Manager

Factory Manager

Financial Manager

HR Manager

Marketing Manager

Clerk

Office Staff

Skill Workers

Un-Skilled Workers

Driver

Guard Man

l5

I

I

2

1

2

l0

20

350

800

5

9

500

600

500

350

350

250

180

t10

140

120

200

120

90,000

7,200

6,000

8,400

4,200

6,000

2t,600

40,800

588,000

1,152,000

12,000

t2,960

Total t2t6 1,949,160

r(c) o{:od:qp:a\ coooqp:oi o:3969€ J% ei.o?GC c?o3cc,:a3c:tl 1i$6,.,1o3ir

fu ) i3 a S"t.i -3: qproS cuocqp:of o13c6@ f araco:cq1e$@6o1 o 2l r

9o)qm


LIST OFPERSONNELREOUIREMENT AND SALARY

Exhibit No.VIII (A)

(Kyats In Thousand)

(

Sr DescriptionNo of

Requirement

Annual Cost of Employee

Year -l Year -2 Year -4 Year -5 Year -6-10

I FOREIGN NNEL

t5 90,000 93 600 99,000Quality Controller 91,800 95.400 97,200

LOCALPERSONNEL

I General Manager I 7,200 7,344 7,488 7,632 7,776 7,920

2 Factory Manager I 6,000

8,400

6,120 6,240 6,360 6,480 6,600

3 Financial Manager 2 8,568 8,736

4,368

8,904 9,072 9 240

4 HR Manager I

2

l0

4,200 4,284 4,452 4,536 4 620

5 Marketing Manager 6,000 6,120 6 240 6,360

22,896

43,248

623,280

r.22t,120

12,720

13,137

6,480

23,328

6,600

6 Clerk 2t,600 22,032 22,464 23,760

7 Office Staff 20 40,800 41,616 42,432

611,520

44,064 44,880

8 Skill Workers 350 s88,000 599,760 635,040 646,800

9

l0

ll

Un-Skilled Workers 800

5

9

1,152,000

12,000

1,175,040

12,240

1,198,080

12,480

1,244,160

12,960

1,261,200

Driver 13,200

Guard Man 12,960.00 13,2t9 13,478 13,996 t4,255

Total tzt6 1,949,160 1,988,143 2,027,126 2,066,109 2,,105,092 2,144,075


(

Year -3

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(m) oo?q/c?tsc8oop!/goq/oBord' - Young Oothing Limited

(o) $E6o::EoEoq:cnc8sago8l$E6q:cuc6go6sa9c6-

c?g,rhosgorEs?oS

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18212 & 1821L1, Banmaw A Twin Wun Street

Shwe Lin Pan Industrial Zone, Hlaing ThanEr

Township, Yangon Region.

9c:q6:cQcc$o$qQo6qp:cc$oq1c6ococ6g'

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e"dMr. Xu an

..................Managing.Directoryo

qgcSod6ung Clothing Limited.

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copc8cca:aTcucr5go8

4k b\

Form (7- A)

Application form for Land Rights Authorization

To

Chairman


Subject:

Reference No.

Date. t{d , u4.PtlApplication for Land Lease or land Rights Authorization to be invested

I do hereby apply with the following information for permit to lease the land or permit to use the land

according to the Myanmar Investment Rules I l6:-

I . Particular relating to Owner of land / building

(a) Name of owner/organization - Daw Mya Mya Aye

(b) Area 2.161 Arce

(c) Location Land Survey Ward No.51, Plot No.125, Thar Du Kan


Region. (Factory-2)

(d) Initial period permitted to use the land (Validity ofland grant) - 60 Years

(e) Payment of long term lease as equity Yes ( ) No1 / )

(0 Agreed by Original Lessor Yes ( )No()

(g) Type of Land 60 Years (Grant)

2. Lessor

(a) Name / Company's name/ Department/ organization - Daw Mya Mya Aye

(b) National Registration Card No - l2ll,a Tha Na (Naing) 013259

(c) Address- No.96 (D), Lan Thit Street, Insein Township, Yangon Region.

3. Lessee

(a) Name / Company's name /Department/ Organization - Young Clothing Limited.

(b) National Registraton Card No /Passport No- 289 FC/13-14 (12.7.2013)

(c) Citizenship

(d) Address - 18212 & 182/11, Banmaw A Twin Wun Street,

Shwe Lin Pan Industrial Zone, Hlaing Tharyarfownship, Yangon Region.

Particulars ofthe proposed Land Lease

(a) Type of lnvestment Garments Manufacturing with CMP System

(b) lnvestment Location(s) - Land Survey Ward No.51, Plot No.125, Thar Du Kan


Region. (Factory-2)

(c)

(b)

Location(Ward, Township,State/Region) - Garments Manufacturing with CMP System

Investment Location(s) - Land Survey Ward No,51, Plot No.125, Thar Du Kan


Region. (Factory-2)

5

(d) Area of Land 2.161 Arce

(e) Size and Number of Building(s)- (150'x 200') 2nd Floor (l) Nos(30' x 40') 3'd Floor (l) Nos

(0 Value of Building - 5200 Lakh

To enclose land ownership and Land Grant, ownership evidences (except Industrial Zone),

Land map and Land Lease Agreement(Draft)

6. Whether it is subleased from the following person in regarding to Land or not-

tr Person who has the rights to use the land or Building of the Government from

Govemment Department and Organization in accordance with the national laws.

Authorized Person to get the Sub License or Sub Lease ofthe building or land owned

by the Govemment in accordance with the permission of the Government department

and Organization.

4.

8

7 . Land / Building lease rate (per square meter per year) - Ks-8233

Land Use Premium - (LUP) (If it is leased from the land belonged to Govemment

Department / Organization, the LUP shall be paid in cash by the lessee.)

Rate per Aoe -

9. Whether it is agreed by original land lessor or land tenant not.- Agree

10. Proposed land or building use/lease period - 50 Years

I 1. Whether it is the land located -

in the relevant business zone - Land Survey Ward No.Sl, Plot No.125, Thar Du Kan


Region. (Factory -2)

area such as Industrial Zone - Thar Du Kan Industrial Znne

or not (To describe Zone )

Signature $qName of Investor.,....,.. M r.Xu .1ian...............

Designation. .. . . . . . . . . . \l anaging Director............

Young (ilothing Limited

Departrnent/Company

(Sealistamp)

Hotel Zone, Trade Zone and etc

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I

@RAm)

"LEASE AGREEMENT FOR LAND AND BT]ILDING'

BETWEEN

DAWMYAMYAAYE

AND

YOT'NG CLOTHINGLIMITED

?t

(DRAFT)

LEASE AGREEMENT FOR LANDAND BUILDING''

CONTENTS

ARIICLES

PARTIES TO THE LEASE AGREEMENT Page

L

tr.

m.

IV.

V.

u.uI.vm.

x.x.

x.)il.)fiI.

)(V.

xv.

XVL

XVII.

xvm.

)(D(.

)o(.

SCOPE OF AGREEMENT

ANNUAL RENTAL AND PAYMENT TERMS

PLACE OF BUSINESS AND FACTORY

EFFECTIVE DATE OF THE LEASE

LESSEE'S RIGHTS OBLIGATIONS

LESSOR'S RIGHTS OBLIGATION

GOVERNING LAW

WARRANTY AND REPRESENTAIION

CONDITION PRECEDENT

RENEGOTIAflON OF AGREEMENT

LAW OF PERT'ORMANCE

ARBMRATION

TERMINATION

FORCE MA.IEURE

ASSIGNMENTS

MINERAL RESOURCES AND TREASURES

NOTICE

LANGUAGE

MANAGEMENT FEES

RETRANSFER OF LEASED PROPERTY

2

2

3

3

J

5

6

6

6

6

6

6

7

8

8

9

9

10

10

10

-1-

DRAFT

LEASE AGREEMENT FOR LAND AND BUILDING''

This LEASE AGREEMENT is made, entered into and delivered in Yangon on this

Day of .............. Two Thousand and Seventeen.

BY AND BETWEEN

WITIYESST}I AS FOLLOWS :

WHEREAS the LESSEE is desirous of entering into this Lease Agreement for utilizing the lease

land of 2.161 acres equivalent to 8,745.26 square metres at Land Survey Ward

No.51, Plot No.l25, TharDu Kan Industrial Zong Shwe foi TharTowship, Yangon

Region described in the map as per "Appendix-A" attached hereto (which shall

form an integral part of this Lease Agreement) for Garment Factory under the

name of " Young Clothing Limited".

Daw Mya MyaAye having its resident at No.96(D), Lan Thit Street, Insein Township,

Yangon Region. (hereinafter called and referred to as " the LESSOR ", which expression shall,

unless repugnant to the context or the meaning there of, include its successors, legal reprcsentatives and

permitted assigns) represented for the purpose of this Agreement of the one part.

AND

Young Clothing Limited incorporated under the Myanmar Companies Act as a Private

Company Limited having its registered ofiice at No.(1822) &(182 & ll),Shwe Lin Pan IndustrialZone,

Hlaing Tharyar Township,Yangon Region, Myanmar. (hereinafter refened to as "the LESSEE" which

expression herein used shall, unless repugnant to the context or the meaning thereof, include, it

successors, legal representatives, and permitted assigns) represented for the purpose of this Agreement

by its Managing Director Mr. Xu Jian of the other part.

WHEREAS the LESSOR is desirous of leasing the land plot asafore-mentionedtothelESSEE

to enhance industrial development whereby promoting the foreign investment in

WHEREAS the LESSOR represents and wan-ants that it has the legal and benefical right on the

said land; and

WHEREAS both the LESSOR and the LESSEE hereto are legally authorised to enter into this

Lease Agreement.

NOWTIIEREFORE,T}M PARIIES HERETO HEREBY AGREE AS FOLLOWS:

ARTICLE I: SCOPE OFAGREEMENT

l-01 In consideration of the rent hereinafter reserved and the covenants made by the LESSEE

hereinafter contained, the LESSOR both hereby lease unto the LESSEE all that piece of

land at Land Survey Ward No.51, Plot No.l25, Thar Du Kan Industrial Zone, Shwe Pyi

Thar Towship, Yangon Region measuring 2.161 acres equivalent to 8,745.26 square metres

as per map attached as "Appendix-A" hereto (which shall form an integral part of this

kaseAgteement) together with all the rights, easements, apputenances thereto, except all

mines, mineral deposits, gemstones, coal, petroleum and other natural resources as well as

buried teasure and gems occurring rr, under or within the said land for a term of 50 (Fifty)

years from the date of signing this Lease Agreement with the approval of Myanmar

lnvestnent Commission. (here in after called MC)

1.02 On expiry of 50 (Fifty) years of the lease, this lease may be renewed for firther periods

with the consent of the LESSOR and subject to the approval of the MIC.

ARTICLE II : ANIIUAL RENTAL AND PAYMENT TERMS

2-Ol The annual rent for the land shall be Kyats 72,000,000 (Kyats Seventy Two Million

Only)calculated at the rate of Kyats -8,233 (Kyats Eight Thousand Two Hundred and Thirty

Three Only)per square meter of leased land area of2.161 acres equivalent to 8,745.26 square

meter.The rent may be payable in Kyat.

-3

2-02 Payment of armual rent shall be made in advance in the first month of every financial year.

2'03 The rate of rent shall be revised in view of prevailing land lease mtes after every five-year

period and increase of the rent shall not be more than 15% ( Fifteen Percent) of the

preceding arurual rent.

2-04 The rent shall be calculated from the date of singing ofthis l,ease Agreement. Forthe first

year, the Lessee shall pay the land rent within (30)days after the signing date, for the period from

the date ofsigfng to the end ofthat financial year. From year two onwards, rent shall be paid as

per mentioned in clause 2-02.

ARTICLE III : PLACE OF BUSINESS AND F.ACTORY

3-01 The place of business and Garment Factory of the LESSEE shall be in Yangon Myanmar.

The LESSEE may also have registered offices at such other places as may be determined

by the Board of Directors.

ARTICLE IV: EFFECTIVE DATE OFTIIE LEASE

4-01 The effective date of this Lease Agreement shall be the date onwhich this Lease Agreement

is signed by both the LESSOR andthe LESSEE.

4-02 The period of the lease shall be initially 50 (Fifty) years by mutual agreement. The lease

period shall be counted from the date ofsigning this Lease Agrcement.

ARTICLE Y : LESSEE'S RIGHTS & OBLIGATIONS

5-01 The LESSEE hereby covenants with the LESSOR for the following:

5-01(1) to pay the said rent on the days in the manner hereinbefore appointed for

payment thereof and to pay for all the charges to be collected by respective

authorities with respect to any services provided,

5-01(2) not to subJease, assign or transfer the whole or any part of the leasehold

interest hereby created, conceming the lease premises,

5-01(3) to utilize the leased land and building for the purpose of the Garment Factory

of Young Clothing Limited.

-4-

s-01(4)

s-01(s)

s-01 (6)

s-Or (7)

5-01 (8)

s-01 (e)

s-01 (10)

5-02

to ensure that all activities and operations on the premises or any part thereof

including the said Factory under lease and other related facilities, are in

conformity with the laws, regulations and directives of the Republic ofthe

Union of Myanmar,

to sunender the leased land within 3 (three) months ofprior notice served

to the LESSOR and to take away or dispose ofall moveable properties not

affecting the LESSOR'S right to claim for the rent up to the date of

complete evacuation and claim for damages caused to the land in the event

of termination under Article - 14, ofthis Lease Agreement

to keep in good repair and condition ofthe buildings and strucn:res in the demised

premises and hand over such buiidings and structures in such good repair and

condition at the expiry of the Lease period and transfer the leased land and

buildings (immovable properties) to the lessor in such condition witlfn 3 montix.

to abstain from making any alteration to the demised premises without the prior

approval ofthe Lessor,

to pay all municipal taxes or rates as weil as assessments ofsimilar nature that now

are or may hereafter during the said term be imposed upon the demised premises

or any part thereofexcept Land revenue,

to ensure that foreign personnel, and their families employed by it shafl abide by

the laws of the Republic of the Union of Myanmar and that they do not interfere

in the intemal affairs of the Republic of the Union of Myanmar,

to secure and maintain all necessary types of insurance in accordance with

the provisions of the Republic of the Union of Myanmar Foreign Investnent

Law and the Myanmar Insurance Law.

The LESSEE shall be responsible for protection as well as preservation of

the environment in and arorurd the work-site to be able to control pollution

of air, water and land not to cause any environmental degradatiog and taking

necessary measures in order to make environmentally protection and other

treatrnent procedures to keep the work-site environmentally friendly.

-5-

5-03 The LESSEE may peacefully and quietly hold the leased premises during the term of the

Lease Agreement without any intem:ption or disturbance of whatsoever nature by the

LESSOR or any person lawfirlly claiming to replesent the LESSOR.

ARTICLE YI : LESSORTS RIGHT & OBLIGATIONS

6-01 The LESSEE paying the rent hereinbefore mentioned and performing and observing the

covenants hereinbefore contained ttre LESSOR hereby convenants with the LESSEE for the

followingr

6-01(1) the LESSOR shall pay all land revenues imposed on the leased land,

6-01(2) the Lessor is to assist in getting sufficient electricity power supply, required

IDD telephones, fax lines and telex lines, and

6-01(3) the l.essor is responsible to assist in getting the requisite licences and permits

from relevant authorities in Myanmar,

6-01 (4) the Lessor is to assist the Lessee for obtaining multiple visas, stay permits and

work permits from the authorities allowing the Lessee's foreigr staffpersonnel (as

approved by the Myanmar Investrnent Commission) to enter, reside in and depart

from the Republic of the Union of Myanmar for the purpose ofparticipating in

the operations ofthe Lessee's bean processing factory.

6-02 The LESSOR shall have the right to empower its Director General and all persons acting

under his order to be at liberty at all reasonable times during the term of the lease to enter

upon the said leased land or any buildings thereon for any purpose related to the lease.

6-03 If the LESSEE in any substantial respect fails to perform or observe the terms and

conditions of this Lease and fails to rectify such non-performance or non-observation within

90 (ninety) days after the notice in writing from the LESSOR of such default, the LESSOR

shall be at liberty to re-enter upon and take possession of the whole complex of the leased

land and the Lease shall, thereupon, cease and determine, provided that such right of re-

entry shall not prejudice any right of action of the LESSOR for recovery ofmoney from the

LESSEE by way of rent or compensation for damages.

-6-

ARTICLE VII : GOVERNING LAW

7-01 This Lease Agreement shall be read, construed, interpreted and govemed, in all respects

in according with the existing laws of the Republic ofthe Union of Myanmar.

ARTICLE VIII : WARRANTYAND REPRESENTATION

8-01 Each party represents and warrants to the other that it is a legal person duly authorised

under the relevant laws and has the right, poweq sound financial standing and authority to

enter into this Lease Agreement.

ARTICLE IX: CONDITION PRECEDENT

9-01 This Lease Agreement is conditional upon receipt ofall necessary and requisite approvals

for is performance and implementation ofthis I-ease Agreement from all relevant Govenrnent

authorities including thepermit from Myanmar Invesfnent Commission in the Republic of the

Union of Myanmar.

ARTICLEX : RENEGOTIATIONOFAGREEMENT

10-01 In the event that any situation or condition arises due to circumstances not envisaged in

the Agreement and that it warrants amendments to this Lease Agreement, the parties

hereto shall make necessary negotiations witha view to making such amendments.

10-02 Such amendments are subject to the approval of the Myanmar lnvestnent Commission.

ARTICLE XI : LAW OF PERFORMANCE

11-01 Both parties shall carry out their obligations arising out of this Lease Agreement according

to the laws, rules, regulations, directives and procedures the Republic ofthe of the Union of

Myanmar.

ARTICLE XII : ARBITRATION

12-01 Inthe event of any dispute arising between the parties to this Lease Agreement,

-7-

which can not be settled amicably, such dispute shall be settled in the Republic ofthe union

of Myanmar by way of Arbitration, through two Arbitrators, each one of whom shall be

appointed by the LESSOR and the LESSEE respectively. Should theArbitrators Ail to reach

an agreement, the dispute shall be referred to an Umpire nominated by the Arbitrztors. The

decision of the Arbitators or the Umpire shall be binding upon both parties. The arbitration

proceedings shall, in all respects, conform to the Myanmar Arbitration Act, 1944 (Myanmar

Act IV, 1944) or any then existing statutory modifications thereof.

12-02 Arbitration fees shall be bome by the losing party.

12-03 The venue of arbitration shall be in Yangon Region, Myanmar.

ARTICLE XIII : TERMINATION

13-02

This l,ease Agreement may be terminated t]rough the service of90(ninety) days notice by

either party hereto, upon occurrence ofany of the following events, subject to the approval

of the Myanmar Investrnent Commission.

13-01(a) substantial and continuous losses in the Lessee's business.

l3-01(b) breach of aay conditions of this Lease Agreement by either party, without

rectification within 90 (ninety) days from writtennotification of the other party.

13-01(c) Force Majeure event persisting for more than six months from the occurrence

thereof, and

13-01 (d) incapability of implementing the original aims and objectives of tlre Lessee.

This Lease Agreement may be terminated, before the expiry of the term of thelease, by

mutual consent in writing, after a service of 90(ninety) days notice of the intention of such

termination,of the one party to the other and on approval therefor of the Myanmar

Investnent Commission.

This l,ease Agreement may also be terminated by the lessee in the event thatthe natural

disaster or any destruction or loss,caused by force majeure, occurs incapacitating the

continuance of operations.The lessee reserves its right under this Lease Agreement to

reconstruct the damaged property wholly or partially atits own cost and continue its

operations,

13-01

13-03

-8-

Notice of intention to terminate shall be grven in writing to the kssor 90(ninety) days in

advance.

13-04 Termination of this l,ease Agreement shall be effective only after obtaining the approval of

Myanmar Investrnent Commission, according to the existing Laws of the Republic ofthe

Union of Myanmar.

ARTICLE XIV : FORCE MAJEI,JRE

14-01 If eitherparty is temporarily rendered unable wholly or partly by Force Majeure to perform

its obligations or accept the performance of the other party under this kase Agreement,

the affected party shall give notice to the other party within l4(fourteen )days after the

occrrrence of the cause relied upon, giving firll particulars in writing of such Force

Majeure. The duties of such party as affected by some Force Majeure shall., with the

approval of the other party, be suspended during the continuance of the disability so cause,

but for no longer period than reasonable; and such cause shall, as far as possible, be

removed with dl reasonable dispatch. Neither party shall be responsible for any delay

caused by Force Majeure.

14-02 The term "Force Majeure" as applied herein shall mean Act of God, restraints of a

Govemment, strikes, lockouts, industrial disturbances, wan, blockades, insunections, riots,

epidemics, civil disturbances, explosions, fires, floods, earthquakes, storms, lightings and any

other causes similar to the conditions as enumerated herein which are beyond the contol

of either party and which, by the exercise of due care and diligence, either party is unable

to overcome.

ARTICLEXV: ASSIGNMENTS

15-01 The LESSEE has the right to assigr or transfer its interest in the Garment Factory to any

company or individual , local or foreign with the consent of an on tenns agreed by the

LESSOR, subject to the existing laws of the Republic ofthe Union of Myanmar and the

approval of Myailnar Investrnent Commission.

-9-

ARTICLE XYI: MINERAL RESOURCES AND TREASUR-ES

16-01 Mineral resources, treasures, gems and other natural resources, discovered unexpectedly

from, in or under the lease land during the term ofthis Lease Agreement, shall be the

prcperty of the LESSOR and the LESSOR shall be at liberty to excavate the aforesaid

finds at arrytime, in accordance with laws, rules and regulations of the Republic ofthe Union

of Myanmar.

ARTICLE XVII: NOTICE

17-01 Any notice or other communication required to be given or sent hereunder shall be in

English Language and be left or sent by prepaid registered post (airmail, if overseas) or

telex or facsimile hansmission or intemational couder to the party concerned at its address

given underneath, or such other address as the party concemed shall have notified in

concurrence with this clause to the other party.

The addresses of parties are as follows :

LESSOR: Name :

Address:

Name :

Address:

DAWMYAMYAAYE

No.96 @), Lan Thit Street, Insein Township, Yangon Region.

Tel :

Fax: ------------

YOUNG CLOTHING LII\{ITED

No.(1822) &(182 & ll),Shwe Lin Pan Industrial Zone, Hlaing

Tharyar Township,Yangon Region, Myanman

Tel

LESSEE:

-10-

ARTICLE XVIII : LANGUAGE

18-01 This Agreement shall be vrdtten in English.

ARTICLE XIX: MANAGEMENT FEES

19-01 The LESSEE shall pay for maintenance of the TharDu Kan Industrial Zone where

Gament Factory of Young Clothing Ltd is situated, and management fees prescribed by and

payable to the Management Committee of the Shwe Pyi Thar Township, Thar Du Kan lndustrial

Znne.

ARTICLE XX: RE,TRANSF'ER OF LEASE PROPERTY

20-01 During the period of 50 (fifty) years periods of the leasehold of the leased land, the

LESSEE shall undertake normal maintenance and due care of the lease property.

20-02 T\e LESSEE shall seek the prior written consent of LESSOR construct additional buildings

or extension of buildings at the Garment Factory after the initial investrnent had been made

20-03 At the expiry of the Lease period orif the LeaseAgreement is terminated under Article -

14, the LESSEE shall hansfer the leased land and immovable properties on it to LESSOR

without any consideration within 3 (three) months in good condition, ground damages having

been refilled or repaired.

20.04 The LESSEE shall have the right to take re - possession of all movable properties on

leased land which shall be removed at its own costs and /or disposed of within 3 (three)

month from the date of expiry of leased term not affecting the LESSOR S right to claim for

the rent up to the date of complete evacuation and damages caused to theleased land by the

IESSEE.

IN WITNESS WHEREOF The Parties hereto have set their respective hands and affixed their seals

hereunder on the Day, the Month and the Year first above written.

For and on behalf of

LESSOR

DawMyaMyaAye

12lla Tha Na (Naing) 0 I 3259

No.96 @), Lan Thit Street,

Insein Township,Yangon Region

(1)

Name

Designation ....

-11-

In the presence of :

For and on behalf of

LESSEE

Mr. Xu Jian

PP No. E-72880461

Managing Director

Room 13, BuildingNo.l75, Hongshan Road

Xuanwu District, Nanjing, China-

(2)

Name

Designation

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