While the Trust Deed remains in force, in respect of Share Stapled Units which are not deposited with CCASS, the Company and the Trustee-Manager shall alter or cause to be altered the Share Stapled Units Register (and the Register of Members and the Register of Beneficial Interests) to record the date of each transfer of Share Stapled Units (including the Preference Shares which are components of those Share Stapled Units) and the name and address of the transferee. While the Trust Deed remains in force, the requirements of this Article 4.14 shall be deemed satisfied in respect of the Preference Shares by the issue of certificates in respect of Share Stapled Units (and the Company shall not be required to issue separate or additional certificates in respect of shares which are components of Share Stapled Units). In respect of a resolution of members to be proposed at a Meeting of Registered Holders of Share Stapled Units, the Trustee-Manager shall not exercise the voting rights conferred by the Ordinary Shares held by it which are Linked to Units in respect of which no voting rights are or have been exercised at the relevant Meeting of Registered Holders of Share Stapled Units. While the Trust Deed remains in force and if and for so long as the Share Stapled Units are listed on the Exchange, transfers of Share Stapled Units between CCASS Participants shall be effected electronically through CCASS making an appropriate entry in its records in respect of the Share Stapled Units that have been transferred, in accordance with the CCASS Rules and Procedures and the provisions of Articles 7.3 to 7.11 shall not apply to such transfers. The Board shall also cause to be established and maintained, jointly with the Trustee-Manager, the Register of Share Stapled Units and the Register of Beneficial Interests, in each case, in Hong Kong at such location or locations within Hong Kong as the Board thinks fit. While the Trust Deed remains in force, if a certificate in respect of a Share Stapled Unit (including the Preference Share which is a component of the Share Stapled Unit) is defaced, lost or destroyed the provisions of schedule 3 to the Trust Deed shall apply in respect of the replacement of that certificate.

The Preference Shares may be issued by the Company, at the request of the Trustee-Manager, directly to the subscribers for, or purchasers of, Share Stapled Units issued or to be issued under the Trust Deed.Д®xcept for the repurchase or redemption of the Preference Shares in accordance with the provisions of the Trust Deed and these Articles, the Company shall not repurchase or redeem any shares otherwise than as components of Share Stapled Units and unless and until the Company is permitted to repurchase or redeem Share Stapled Units by relevant codes and guidelines issued by the SFC from time to time.

Thereafter, for as long as the Trust Deed remains in force and except for the repurchase or redemption of the Preference Shares in accordance with the provisions of the Trust Deed and these Articles, the Company may only repurchase or redeem Shares as components of Share Stapled Units repurchased or redeemed and only to the extent permitted by, and in accordance with the provisions of, Relevant Laws and Regulations and any applicable codes and guidelines as may be issued by the SFC from time to time.

Meaning of stapled