10:30 OMNICORP<00094> - Announcement & Resumption of Trading (5) iii) any significant change (whether or not permanent) in local, national or international securities market conditions (any moratorium, suspension or material restriction on trading in shares or securities generally on the Stock Exchange due to exceptional financial circumstances or otherwise) or exchange controls; or iv) any event of force majeure including, without limiting the generality thereof, any act of God, war, riot, public disorder, civil commotion, fire, flood, explosion, epidemic, terrorism, strike or lock-out; or v) any change in the composition of the board of directors or chief executives of the Company; and in the reasonable opinion of the Underwriter, such change has or would have a material and adverse effect on the business, financial or trading position or prospects of the Company or the Group as a whole or the success of the Open Offer or make it inadvisable or inexpedient to proceed with the Open Offer. b) If, at any time prior to the Latest Time for Termination, the Company commits any breach of or omits to observe any of the obligations or undertakings expressed to assumed by it under this Agreement which breach or omission will have a material and adverse effect of its business, financial or trading position, the Underwriter shall be entitled (but not bound) by notice in writing to the Company to elect to treat such matter or event as releasing and discharging the Underwriter from its obligations under this Agreement, CONDITIONS OF THE UNDERWRITING AGREEMENT The Underwriting Agreement is conditional, amongst other things, on: i) the Listing Committee of the Stock Exchange granting or agreeing to grant in principle (subject to allotment of Offer Shares) and not having withdrawn or revoked listing of and permission to deal in all the Offer Shares (in their fully-paid form); ii) compliance with the requirements under the applicable laws and regulations of Hong Kong and Bermuda; iii) compliance with and performance of all undertakings and obligations of the Company pursuant to the Underwriting Agreement; and iv) trading of the Shares on the Stock Exchange not being suspended for more than seven consecutive business days at any time prior to the Latest Time for Termination (excluding any suspension in connection with the clearance of the Announcement or the Prospectus Documents or other announcements or documents in connection with the Open Offer). Save for conditions (iii) and (iv) above, none of the above conditions can be waived. If the conditions referred to above are not satisfied and/or waived in whole or in part by the Underwriter by the Latest Time for Acceptance, the Underwriting Agreement shall terminate and the Open Offer will not proceed. In case the Open Offer does not proceed, the Company will not be liable for the underwriting commission of the Underwritten Shares. However, the Company will still be liable to any costs and expenses of the legal and other professional advisers incurred in relation to the Open Offer. SHAREHOLDING STRUCTURE OF THE COMPANY The following table sets out the shareholding structure of the Company as at the Announcement Date and upon completion of the Open Offer, assuming different levels of acceptance of the Offer Shares by the Qualifying Shareholders: Existing shareholding as at the Announcement Date Approximate Shareholding immediately after the Open Offer on the assumption as set out in Note 1 Approximate Shareholding immediately after the Open Offer on the assumption as set out in Note 2 Shares (%) Shares (%) Shares (%)