10:48 VP GREENCHIP<01186> - Announcement (3) In the event that the Cap Amount is exceeded or may be exceeded or when there is a material change to the terms of the Renewal Agreement, the Company shall comply with the relevant requirements of the Listing Rules. The Board shall monitor the performance of the Company closely in order to ensure that the Cap Amount is not exceeded and shall ensure that the relevant requirements of the Listing Rules are complied with well before the Cap Amount is reached. DEFINITIONS "Board" means the board of Directors of the Company "Business Day" means a day (other than a Saturday) on which the Stock Exchange is open for normal trading and on which banks in Hong Kong are open for general business provided that, where as a result of a Number 8 Typhoon Signal being hoisted or a Black Rainstorm warning being issued or other similar event, the period during which banks in Hong Kong are open on any day is reduced, such day shall not be a Business Day unless the Manager otherwise determines "Cap Amount" means HK$13 million per annum, being the value of the Renewal Agreement "Company" means Value Partners China Greenchip Fund Limited "Directors" means the directors of the Company "Futures Contract" means any futures contract which is traded on the Futures Exchange or a Recognised Futures Exchange "Futures Exchange" means Hong Kong Futures Exchange Limited "Greater China" means the People's Republic of China, but for the purposes of this announcement and the Company's investment objective and investment approach and for geographical reference, includes Taiwan and Hong Kong and excludes Macau "Independent Third Party" or "Independent Third Parties" means third part(y)/(ies) independent of the Company and connected persons of the Company (as defined in the Listing Rules) "Investments" means all of the Company's assets (including cash) for the time being deposited or deemed deposited with Standard Chartered Bank for the account of the Company excluding any amount declared as a dividend payable by the Company "Investment Management Agreement" means the agreement entered into by the Company and the Manager on 28 March 2002 for the management of the Investments "Listing Rules" means the Rules Governing the Listing of Securities on the Stock Exchange "Manager" means Value Partners Limited or its successors "Market" means the following, in any part of the world: (i) in relation to any Security: the Stock Exchange or a Recognised Stock Exchange; and (ii) in relation to any Futures Contract: the Futures Exchange or a Recognised Futures Exchange "Net Asset Value" means the net asset value of the Company or, as the context may require, the net asset value per Share, calculated pursuant to the articles of association of the Company "Performance Fee Valuation Day" means the last Business Day of each calendar year "Recognised Futures Exchange" means an international futures exchange which is recognised by the SFC or which is approved by the Directors and the Manager "Recognised Stock Exchange" means an international stock exchange which is recognised by the SFC or which is approved by the Directors and the Manager "Relevant Performance Period" means the period commencing 1 January to 31 December (both dates inclusive) in each successive calendar year