Page 8 - TreasuryChinaTrust

Treasury China Trust Annual Report 2010 89

NOTICE OF ANNUAL GENERAL MEETING

Explanatory Notes:

1. Ordinary Resolution 3

The Ordinary Resolution 3 above, if passed, will empower the Trustee-Manager from the date of the Annual General Meeting until the date of the next Annual General Meeting of TCT, to issue Units and to make or grant instruments (such as options, warrants or debentures) convertible into Units and issue Units pursuant to such instruments, up to a number not exceeding 50% of which up to 20% may be issued other than on a pro rata basis to Unitholders.

The Ordinary Resolution 3 above, if passed, will empower the Trustee-Manager from the date of this Annual General Meeting until the date of the next Annual General Meeting of TCT, to issue Units as either full or partial payment of fees which the Trustee-Manager is entitled to receive for its own account pursuant to the Trust Deed.

For determining the aggregate number of Units that may be issued, the percentage of issued Units will be calculated based on the issued Units at the time the Ordinary Resolution 3 above is passed, after adjusting for new Units arising from the conversion or exercise of any Instruments which are outstanding at the time this Resolution is passed and any subsequent bonus issue, consolidation or subdivision of Units.