Issued capital

12 Months Ended

Dec. 31, 2019

20.	Issued capital

31.12.2018
thousands

31.12.2019
thousands

Issued capital

Authorized shares

Ordinary share of par value US$0.10 each

100,000

Number of

RMB’000

Ordinary shares issued and fully paid

At January 1, 2018, December 31, 2018 and December 31, 2019

40,858,290

2,081,138

US$’000

293,734

31.12.2018
RMB’000

31.12.2019
RMB’000

31.12.2019
US$’000

Special share issued and fully paid

One special share issued and fully paid at US$0.10 per share

Less than RMB 1 (US$1)

The holders of ordinary shares are entitled to such dividends as the Board of Directors of the Company may declare from time to time. All ordinary shares are entitled to one vote on a show of hands and carry one vote per share on a poll.

The holder of special share is entitled to elect a majority of directors of the Company. In addition, no shareholders’ resolution may be passed without the affirmative vote of the special share, including any resolution to amend the Memorandum of Association or

Bye-laws

of the Company. The special share is not transferable except to Hong Leong Asia Ltd. (“HLA”), Hong Leong (China) Limited (“HLC”) or any of its affiliates. The

Bye-Laws

of the Company provides that the special share shall cease to carry any rights in the event that HLA and its affiliates cease to own, directly or indirectly, at least 7,290,000 ordinary shares in the capital of the Company.