Hong Kong Regulations

SECURITIES AND FUTURES (DISCLOSURE OF INTERESTS-EXCLUSIONS) REGULATION - SECT 4

Prescribed interests and short positions to be disregarded for the purpose of notification by director and chief executive

The following interests in shares in or debentures of, and short positions in
shares in, a listed corporation or any associated corporation of the
listed corporation, are prescribed for the purposes of section 346 of the
Ordinance-

   (a)  an interest or short position of a person in his capacity as a trustee
        of any trust, or as a personal representative of any estate, of which
        the Official Trustee is also a trustee (otherwise than as a custodian
        trustee) or a personal representative (as the case may be);

   (b)  an interest or short position of a person in his capacity as a trustee
        of, or as a beneficiary under, a trust constituted exclusively for the
        purposes of a recognized occupational retirement scheme; and

   (c)  an interest or short position which a person is taken to have under
        section 344(3) of the Ordinance, where it is an interest or short 
        position (as the case may be) of the corporation concerned in its
        capacity as a trustee of any such trust as is referred to in paragraph
        (b).