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Investor Presentaiton

NPCSC being authorised to HKSAR to amend Passage of the NPC's Decision amend Annex I and Annex II to local electoral legislation the Basic Law 12 Passage of the NPC's Decision ■◉The National People's Congress ("NPC") is the highest organ of state power and its decisions have the highest legal effect. In accordance with Article 31 of the Constitution of the People's Republic of China ("PRC"), the State may establish special administrative regions and the systems instituted in special administrative regions shall, in light of specific circumstances, be prescribed by laws enacted by the NPC. Article 62(2) of the Constitution prescribes that the NPC shall oversee the enforcement of the Constitution. The political structure of the HKSAR is the prerogative of the Central Authorities, of which the electoral system including the methods for selecting the Chief Executive and for forming the LegCo is a core component. To ensure that the electoral system upholds the principle of "One Country, Two Systems", accords with the actual situation of the HKSAR, implements the principle of “patriots administering Hong Kong", which is conducive to safeguarding sovereignty, national security, and development interests of the Country, and maintaining Hong Kong's long-term prosperity and stability, the NPC passed the Decision on improving the electoral system of the HKSAR on 11 March 2021, with 2 895 votes in support, 1 abstention and 0 against, and authorised the NPC Standing Committee to amend Annex I on Method for the Selection of the Chief Executive of the HKSAR and Annex II on Method for the Formation of the LegCo of the HKSAR and Its Voting Procedures of the Basic Law. ■ The legal basis of the Decision is solid, which includes Article 31 and Article 62(2), 62(14) and 62(16) of the Constitution of the PRC, and relevant provisions in the Basic Law and the National Security Law. 表决《全国人民代表 大会关于完善香港特 别行政区选举制度的 决定(草案)》 出口 EXIT
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