Reject General Meeting Resolution 6 and Resolution 7

“That any director of the Company be authorised to…”

This opening statement on any resolution should immediately sound alarm bells to all shareholders.

In effect, it gives a director the ability to make changes without requiring the permission of the Board.

Given that these changes control distribution of our income (Resolution 6) and ‘the financial affairs’ of the SHMC (Resolution 7) this would be extremely unwise.

Victoria, Chen or Greg or whoever PPHE put up next would be given carte blanche to act however they want on these matters without any checks or constraint or reference to our Board.

Also, do not be deflected by the seemingly innocuous fee amounts shown, these fees have the smack of ‘introductory offer’ charges pending a future switch to ‘market terms’.

Please do not give these people - who we don’t know as yet, who have been parachuted in by our tenant operator, who want to bypass our present shareholder director - unrestricted control of any aspect of our Company.

The full SBHMC Board should be the party that decides who we retain to distribute our income and who we should choose to act as our accountants.

Vote against Resolution 6 and 7.

REJECT APPOINTMENT OF  Victoria, Chen or Greg or whoever PPHE put up.  THIS WILL GIVE UPERHAND TO THE PARK PLAZA HOTEL. Why Park Plaza want to control SBHMC is not clear. They are supposed to operate and manage the hotel not control SBHMC. Make sure you do not elect these people or anyone from Park Plaza. Once they are on board and have majority, then shareholders will loose as they may accept to sell the company to Park Plaza at favourable terms to the hotel and loss to shareholders.