Advice on an open offer of convertible redeemable preference shares

Independent financial adviser on the acquisitions of shares in ITC Properties Group Ltd and Wing On Travel (Holdings) Ltd.

Independent financial adviser on possible disposals of shares in PYI Corporation Ltd.

Advice on subscription of the rights shares in PYI Corporation Limited

Independent financial adviser on the acquisition of aviation parts manufacturers from parent company

Advice on acceptance of a conditional repurchase offer for 2% CN due 2011 issued by Rosedale Hotel Holdings Ltd and Hanny Holdings Ltd.

Independent financial adviser on the subscription of new shares of China AVIC Avionics Equipment Co., Ltd. by AviChina and three connected persons

Independent financial adviser on the acquisition of the entire equity interest in Tianjin Aviation from a connected person involving issue of domestic shares

Advice on proposals designed to facilitate the major operating entities of the Group lending to and borrowing from each other on a short-term basis

Advice on the proposed disposal of ITC’s interest in Burcon Nutrascience Corporation, an associate of ITC with shares listed on Toronto and Frankfurt Stock Exchanges