Notice of Annual General Meeting

28 Jun, 2007

 

JOHNSON ELECTRIC HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock code: 179)

 

NOTICE OF ANNUAL GENERAL MEETING

 

Notice is hereby given that the Annual General Meeting of Johnson Electric Holdings Limited (the “Company”) will be held at JW Marriott Ballroom, Level 3, JW Marriott Hotel Hong Kong, Pacific Place, 88 Queensway, Hong Kong on Monday, 30th July 2007 at 11:30 am for the following purposes:

 

1.

To receive and adopt the Audited Consolidated Accounts and the Reports of the Directors and of the Auditors for the year ended 31st March 2007;

 

 

2.

To declare a final dividend in respect of the year ended 31st March 2007;

 

 

3.

To re-elect the following Directors:

 

(a)

Mrs. Laura May-Lung Cha as an independent non-executive director;

 

(b)

Mr. Peter Kin-Chung Wang as an independent non-executive director;

 

(c)

Mr. Oscar de Paula Bernardes Neto as an independent non-executive director;

 

 

4.

To confirm the fees of Directors;

 

 

5.

To re-appoint Auditors and to authorise the Directors to fix their remuneration;

 

 

6.

As special business, to consider and, if thought fit, pass the following as an Ordinary Resolution:
“THAT the number of Directors of the Company be fixed at 15 and that the Directors be authorized to elect or appoint additional directors up to the maximum of 15.”;

 

 

7.

As special business, to consider and, if thought fit, pass the following as an Ordinary Resolution:
“THAT:

 

(a)

subject to paragraph (c), the exercise by the Directors of the Company during the relevant period of all the powers of the Company to issue, allot and dispose of additional shares in the capital of the Company and to make or grant offers, agreements and options which would or might require the exercise of such powers be and is hereby generally and unconditionally approved;

 

(b)

the approval in paragraph (a) shall authorize the Directors of the Company during the relevant period to make or grant offers, agreements and options which would or might require the exercise of such power after the end of the relevant period;

 

(c)

the aggregate nominal amount of share capital of the Company allotted or agreed conditionally or unconditionally to be allotted (whether pursuant to an option or otherwise) by the Directors of the Company pursuant to the approval in paragraph (a), otherwise than pursuant to

 

 

(i)

a Rights Issue; or

 

 

(ii)

the exercise of options granted under the Company’s Share Option Scheme,

 

 

shall not exceed the aggregate of 5 per cent. of the aggregate nominal amount of the share capital of the Company in issue on the date of the passing of this Resolution and the said approval shall be limited accordingly; and

 

(d)

for the purposes of this Resolution:

 

 

“relevant period” means the period from the passing of this Resolution until whichever is the earliest of

 

 

(i)

the conclusion of the next Annual General Meeting of the Company;

 

 

(ii)

the expiration of the period within which the next Annual General Meeting of the Company is required by the Bye-Laws of the Company or any applicable law of Bermuda to be held; and

 

 

(iii)

the revocation or variation of this Resolution by an ordinary resolution of the Shareholders of the Company in General Meeting; and

 

 

“Rights Issue” means an offer of shares or other securities to holders of shares of the Company on the register on a fixed record date in proportion to their then holdings of such shares (subject to such exclusions or other arrangements as the Directors of the Company may deem necessary or expedient in relation to fractional entitlements or having regard to any restrictions or obligations under the laws of, or the requirements of any recognised regulatory body or any stock exchange in, any territory outside Hong Kong).”;

 

 

8.

As special business, to consider and, if thought fit, pass the following as an Ordinary Resolution:
“THAT:

 

(a)

the exercise by the Directors during the relevant period of all powers of the Company to purchase its own shares, subject to and in accordance with all applicable laws, be and is hereby generally and unconditionally approved;

 

(b)

the aggregate nominal amount of shares of the Company which may be purchased on The Stock Exchange of Hong Kong Limited or any other stock exchange recognised for this purpose by the Securities and Futures Commission of Hong Kong and The Stock Exchange of Hong Kong Limited
under the Hong Kong Code on Share Repurchases by the Company pursuant to the approval in paragraph (a) during the relevant period, shall be no more than 10 per cent. of the aggregate nominal amount of the existing issued share capital of the Company, at the date of the passing of this
Resolution, and the authority pursuant to paragraph (a) shall be limited accordingly;

 

(c)

for the purposes of this Resolution, “relevant period” means the period from the passing of this Resolution until whichever is the earliest of

 

 

(i) the conclusion of the next Annual General Meeting of the Company;
(ii) the expiration of the period within which the next Annual General Meeting of the Company is required by the Bye-Laws of the Company or any applicable law of Bermuda to be held; and
(iii) the revocation or variation of this Resolution by an ordinary resolution of the Shareholders of the Company in General Meeting.”;

 

 

9.

As special business, to consider and, if thought fit, pass the following as an Ordinary Resolution:
“THAT conditional upon the passing of Ordinary Resolutions numbered 7 and 8 as set out in the Notice convening this meeting, the aggregate nominal amount of the share capital which may be allotted or agreed conditionally or unconditionally to be allotted by the Directors of the Company pursuant to such general mandate shall be added by an amount representing the aggregate nominal amount of the share capital of the Company repurchased by the Company under the authority granted by the resolution set out as Resolution No. 8 in the notice convening this meeting, provided that such additional amount shall not exceed 10 per cent. of the aggregate nominal amount of the share capital of the Company in issue as at the date of the passing of this Resolution.”.

 

 

By order of the Board
Susan Chee-Lan Yip
Company Secretary

 

Hong Kong, 28th June 2007

 

 

 

Notes:

1.

A Shareholder entitled to attend and vote is entitled to appoint one or more proxies to attend and, on a poll, vote instead of him. A proxy need not also be a Shareholder of the Company. A proxy form is enclosed. Completion and return of the proxy form will not preclude a Shareholder from attending and voting in person.

 

 

2.

To be valid, the instrument appointing a proxy and the power of attorney or other authority, if any, under which it is signed or a notarially certified copy of that power or authority shall be deposited at the Hong Kong Head Office of the Company at Johnson Building, 6-22 Dai Shun Street, Tai Po Industrial Estate, Tai Po, N.T., Hong Kong not less than 48 hours before the time appointed for holding of the Meeting.

 

 

3.

The transfer books and the register of members of the Company will be closed from Wednesday, 25th July 2007 to Monday, 30th July 2007, both dates inclusive, during which no transfer of shares will be registered. In order to qualify for the proposed final dividend, all transfers of shares accompanied by the relevant share certificates must be lodged with the Company’s branch registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong (not the Registrar in Bermuda) for registration not later than 4:30 pm on Tuesday, 24th July 2007.

 

 

4.

As at the date of this circular, the Board of Directors of the Company consists of:

 

Yik-Chun Koo Wang
Patrick Shui-Chung Wang
Winnie Wing-Yee Wang
Richard Li-Chung Wang
Peter Stuart Allenby Edwards
Patrick Blackwell Paul
Michael John Enright
Laura May-Lung Cha
Peter Kin-Chung Wang
Oscar de Paula Bernardes Neto

 

Honorary Chairman
Chairman and Chief Executive
Vice-Chairman
Executive Director
Independent Non-Executive Director
Independent Non-Executive Director
Independent Non-Executive Director
Independent Non-Executive Director
Non-Executive Director
Independent Non-Executive Director

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