Financial Performance - The company's revenue for the year was HKD 25.995 billion, an increase of 3.4% from HKD 24.937 billion in 2023[4] - The net profit for the year was HKD 1.358 billion, representing a growth of 17.7% compared to HKD 1.154 billion in 2023[4] - Gross profit for the year was HKD 2.502 billion, down from HKD 3.113 billion in 2023, indicating a decrease of 19.6%[5] - The total comprehensive income for the year was HKD 1.517 billion, compared to HKD 708.6 million in 2023, reflecting a significant increase of 113%[7] - The group reported a pre-tax profit of HKD 1,612,349 for the fiscal year ending December 31, 2024, compared to HKD 1,412,359 in 2023, indicating a growth of about 14.1%[20] - The group reported a net profit of HKD 1,312,839 thousand for 2024, up from HKD 1,050,931 thousand in 2023, reflecting an increase of approximately 25%[42] - Total revenue for 2024 increased by 4.2% to HKD 26 billion, compared to the previous year[60] - Annual profit rose by 17.6% to HKD 1.4 billion, with earnings per share at HKD 30.56, up from HKD 24.39 in 2023[60] Dividends and Equity - The stable dividend payout ratio is approximately 35%, with a final dividend of HKD 0.045 per share[4] - The proposed final dividend for the year ending December 31, 2024, is HKD 0.045 per share, down from HKD 0.061 per share in 2023[41] - Total equity attributable to owners of the company decreased slightly to HKD 28,004,102 thousand in 2024 from HKD 28,757,512 thousand in 2023, a decline of about 2.6%[10] - The group's total equity as of December 31, 2024, was HKD 28.013 billion, a decrease from HKD 28.767 billion in 2023[78] Assets and Liabilities - The company's total assets less current liabilities amounted to HKD 42.767 billion, slightly up from HKD 42.661 billion in 2023[9] - Total assets as of December 31, 2024, amounted to HKD 55,350,359, compared to HKD 54,097,321 in 2023, showing an increase of about 2.32%[23] - The total liabilities for the group as of December 31, 2024, were HKD 27,337,184, up from HKD 25,330,359 in 2023, representing an increase of approximately 7.9%[24] - The company's bank borrowings rose to HKD 8.931 billion from HKD 7.037 billion in 2023, an increase of 27%[9] - Non-current liabilities increased to HKD 13,050,914 thousand in 2024 from HKD 12,256,122 thousand in 2023, representing a growth of approximately 6.5%[10] - The total non-current liabilities, including bank borrowings and lease liabilities, amounted to HKD 14,753,827 thousand in 2024, compared to HKD 13,894,293 thousand in 2023, reflecting an increase of about 6.2%[10] Financial Costs and Expenses - The company's financial costs increased to HKD 326.2 million from HKD 278.1 million in 2023, marking a rise of 17.3%[5] - Total financial costs increased to HKD 935 million, primarily due to higher bank borrowings and average interest rates[75] - Distribution and selling expenses for the year were HKD 656 million, accounting for approximately 2.5% of revenue, up from 2.4% in the previous year[73] - Administrative expenses rose to HKD 1.297 billion, representing 5.0% of revenue, an increase from 4.5% in the previous year[74] Operational Metrics - The inventory turnover period for raw materials and finished goods was 54 days and 14 days, respectively, down from 66 days and 17 days in the previous year[76] - The accounts receivable turnover period was 47 days, compared to 42 days in the previous year, aligning with the credit terms offered to customers[77] - The aging analysis of accounts receivable shows an increase in amounts not exceeding 30 days to HKD 2,178,694,000 in 2024 from HKD 1,809,940,000 in 2023[48] Employee and Operational Insights - The group has over 10,000 employees, with competitive salary levels and annual performance evaluations[81] - The group has not faced any significant employee issues or labor disputes during the year[81] - The group has maintained a strong cash flow and banking facilities to meet operational needs[79] Future Outlook and Strategic Initiatives - The company plans to enhance domestic sales and improve production efficiency through technological upgrades and product development to meet market demand[65] - The company anticipates gradual recovery in downstream demand due to government stimulus policies[60] Regulatory and Reporting Standards - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which did not have a significant impact on the financial position and performance for the current and prior years[13] - The group is currently assessing the specific impact of the new Hong Kong Financial Reporting Standard No. 18 on its consolidated financial statements, which will take effect from January 1, 2027[19] - The total liabilities classification as current or non-current has been retrospectively applied, with no significant impact on the consolidated financial statements for the year[16] Miscellaneous - The annual general meeting is scheduled for May 8, 2025[88] - The audit committee has reviewed the consolidated financial statements for the year ended December 31, 2024[85]

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 布 之 內 容 概 不 負 責 ， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明 ， 並 明 確 表 示 概 不 會 就 本 公 布 全 部 或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 承董事會命 理 文 造 紙 有 限 公 司 公 司 秘 書 羅潔茹 * （ 於 開 曼 群 島 註 冊 成 立 及 其 成 員 責 任 為 有 限 ） （ 股 份 編 號 ： 2314 ） 董事會會議通告 理文造紙有限公司（「本公司」）董事會（「董事會」）欣然宣布，本公司之董事會會議將 於2 0 2 5年 3 月6 日 舉 行， 藉 以（其中包括）批 准 本 公 司 及 其 附 屬 公 司 截 至 202 4 年 1 2 月 3 1 日 止 年 度 之業績及其發布，以及考慮派發 末 期股息 。 * 僅供識別 香港，202 5年2月2 4日 於 本 公布 日 期 ， 本 公 司 董事 會 成 員 包 括 五 位執 行 董 事 ， 計 有李 文 俊 博 士 、 李 文斌 先生、葉 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公布之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 布 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 理文造紙有限公司（「本公司」）董事會（「董事會」）欣 然 宣 布，於2024年11月25日 舉 行之股東特別大會（「股東特別大會」）上，載 於 日 期 為2024年11月5日之股東特別 大會通告（「股東特別大會通告」）內之普通決議案獲出席大會之本公司股東（「股 東」）以 投 票 表 決 方 式 正 式 通 過。卓 佳 證 券 登 記 有 限 公 司 為 股 東 特 別 大 會 投 票 之 監 票 員。股 東 於 股 東 特 別 大 會 上 就 決 議 案 投 贊 成 或 反 對 票 所 涉 及 之 本 公 司 股 份（「股 份」）數 目 如 下： * （於開曼群島註冊成立及其成員責任為有限） （股 份 編 號：2314） 股東特別大會─投票結果 董 事 會 欣 然 宣 布，於2024年11月25日，本 公 司 舉 行 股 東 特 別 大 會，而載於 ...

* (Incorporated in the Cayman Islands and its members' liability is limited) （於開曼群島註冊成立及其成員責任為有限） （Stock Code 股份編號：2314） NOTIFICATION LETTER 通知信函 5 November 2024 Dear Non-registered Holder(s) (Note 1), Lee & Man Paper Manufacturing Limited (the "Company") – Notice of publication of Circular dated 5 November 2024 together with Notice of Extraordinary General Meeting and Proxy Form (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are av ...

* (Incorporated in the Cayman Islands and its members' liability is limited) （於開曼群島註冊成立及其成員責任為有限） （Stock Code 股份編號：2314） NOTIFICATION LETTER 通知信函 5 November 2024 Dear Registered Shareholders, Lee & Man Paper Manufacturing Limited (the "Company") – Notice of publication of Circular dated 5 November 2024 together with Notice of Extraordinary General Meeting and Proxy Form (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now availabl ...

（股 份 編 號：2314） 香港交易及結算所有限公司及香港聯合交易所有限公司對本通告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 會 就 本 通 告 全 部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 * （於開曼群島註冊成立及其成員責任為有限） 股東特別大會通告 茲通告 理文造紙有限公司（「本公司」）謹訂於2024年11月25日（星 期 一）下午二時 正假座香港夏愨道18號海富中心第一期24樓縱橫公共關係顧問集團辦事處舉 行股東特別大會（「股東特別大會」），以 考 慮 並 酌 情 通 過（不 論 有 否 修 訂）以下決 議 案： 普通決議案 * 僅供識別 – 1 – 理文造紙有限公司 公司秘書 羅潔茹女士 香 港，2024年11月5日 於本通告日期，本公司董事會成員包括五位執行董事，計有李文俊博士、李文斌 先 生、李 經 緯 先 生、李 浩 中 先 生 及 葉 向 勤 先 生 及 三 位 獨 立 非 執 行 董 事，計 有 周 承 炎 先 生、羅 詠 詩 女 士 及 陳 惠 仁 先 生。 附 註： (1) 「動 議 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢持牌證券商、銀行經理、 律師、專業會計師或其他專業顧問。 閣下如 已將名下的 理文造紙有限公司 證券全部 出售或轉讓，應立即將本通函送交買主 或承讓人或經手買賣或轉讓的銀行經理、持牌證券商或其他代理商，以便轉交買主或 承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示概不會就本通函全部或任何部分內 容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 * （於開曼群島註冊成立及其成員責任為有限） （股份編號：2314） 持續關連交易 (1) 2024年採購代理協議及 (2) 2024年紙漿購買協議 及 股東特別大會通告 獨立董事委員會及獨立股東之獨立財務顧問 新百利融資有限公司 獨立董事委員會函件載於本通函第23頁及獨立財務顧問新百利融資有限公司致獨立 董事委員會及獨立股東之函件載於本通函第24至 第36頁。 本公司謹訂於2024年11月25日（星期一）下 午2時正假座香港夏愨道18號海富中心第一 期24樓縱橫公共關係顧問集團辦事處舉行股東特別大會，召開大 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HK$12,505,338, an increase of 2.4% compared to HK$12,207,102 in the same period of 2023[7]. - Gross profit for the period was HK$1,628,293, significantly up from HK$979,644, reflecting a gross margin improvement[7]. - Profit for the period reached HK$805,524, representing a 123.5% increase from HK$360,616 in the previous year[7]. - Profit attributable to owners of the Company for the period increased to HK$760,212,000, compared to HK$307,930,000 in the previous year, representing a growth of 147.5%[8]. - Earnings per share rose to HK$17.69, up from HK$7.15, reflecting a significant increase of 147.5%[8]. - Total comprehensive income for the period was HK$542,242, up from HK$487,367 in the previous year, indicating a growth of 11.3%[15]. - The Group's profit for the period attributable to the owners was HK$760,212,000, a significant increase from HK$307,930,000 in the same period of 2023, representing a growth of approximately 147.2%[38]. - Net profit for the same period rose by 123.4% to HK$806 million, with earnings per share at HK$17.69 cents, up from HK$7.15 cents in 2023[75]. Income and Expenses - Other income decreased to HK$344,279 from HK$405,054, indicating a decline of 15.0%[7]. - Finance costs increased to HK$178,268 from HK$100,475, reflecting a rise of 77.3%[7]. - Distribution and selling expenses slightly increased to HK$306,135 from HK$302,250, showing a marginal rise of 1.3%[7]. - General and administrative expenses rose to HK$604,621 from HK$542,498, marking an increase of 11.5%[7]. - Total employee benefit expenses amounted to HK$868,230,000, up from HK$795,774,000 in 2023, indicating an increase of about 9.1%[36]. - The Group's income tax expense for the period totaled HK$102,160,000, compared to HK$77,518,000 in 2023, representing an increase of approximately 31.7%[32]. Assets and Liabilities - Total assets less current liabilities stood at HK$42,963,161,000, compared to HK$42,661,255,000, showing a slight increase of 0.7%[11]. - Non-current assets increased to HK$41,638,088,000 from HK$40,956,128,000, an increase of 1.7%[10]. - Current liabilities decreased to HK$11,885,285,000 from HK$11,436,066,000, a reduction of 3.9%[10]. - The company’s total liabilities as of June 30, 2024, were HK$27,304,904, a decrease from HK$29,256,976 on June 30, 2023[15]. - The Group's current ratio decreased to 1.11 as of June 30, 2024, down from 1.15 at the end of 2023[100]. - Outstanding bank borrowings increased to HK$21,957 million from HK$19,293 million, contributing to a rise in the net debt-to-equity ratio from 0.62 to 0.74[101]. Cash Flow and Dividends - Net cash from operating activities was HK$161,096,000, a decrease from HK$1,699,642,000 in the previous year[12]. - Dividends paid increased to HK$262,015,000 from HK$142,216,000, marking an increase of 84.4%[8]. - A final dividend of HK$0.061 per share was paid for the year ended 31 December 2023, compared to HK$0.033 per share in 2022, marking an increase of approximately 84.8%[38]. - The Group declared an interim dividend of HK$0.062 per share for 2024, compared to HK$0.025 per share in 2023[70]. Market and Operational Outlook - The outlook for the company includes continued focus on market expansion and potential new product development initiatives[6]. - The Group is focusing on expanding markets along the "Belt and Road" to enhance operational efficiency and explore new business opportunities[83]. - The packaging paper business is expected to stabilize and grow due to government policies promoting recyclable packaging and increasing consumer demand[82]. - The Group aims to maintain competitiveness through effective cost control measures while consolidating market share[82]. Shareholder and Governance - The company believes that share buybacks are in the best interest of the company and its shareholders, potentially increasing earnings per share[118]. - The company has complied with the corporate governance code provisions throughout the six months ended June 30, 2024[121]. - The Audit Committee has reviewed the accounting principles and practices adopted by the group and discussed internal control procedures and financial reporting matters[121]. - All board members confirmed compliance with the Model Code throughout the six months ended June 30, 2024[121].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 12.505 billion, an increase of 2.4% compared to the same period last year[2] - Profit for the period was HKD 806 million, representing a significant increase of 123.4% year-on-year[2] - Earnings per share stood at HKD 0.1769, up from HKD 0.0715 in the previous year[5] - Total revenue for the packaging paper, sanitary paper, and pulp segments amounted to HKD 12,505,338,000, with a segment profit of HKD 1,043,321,000[15] - The company reported a profit of approximately HKD 760,212,000 for the period ending June 30, 2024, compared to HKD 307,930,000 for the same period in 2023, indicating a significant increase in profitability[26] - Net profit surged by 123.4% to HKD 806 million, with earnings per share reaching HKD 0.1769, up from HKD 0.0715 in 2023[38] Dividends - The company declared an interim dividend of HKD 0.062 per share, compared to HKD 0.0107 per share in the same period last year[5] - The company declared an interim dividend of HKD 0.062 per share for the year ending December 31, 2024, compared to HKD 0.025 per share in 2023, representing a 148% increase[25] - The board declared an interim dividend of HKD 0.062 per share for the six months ended June 30, 2024, compared to HKD 0.025 per share in the previous year[51] Assets and Liabilities - Non-current assets as of June 30, 2024, amounted to HKD 41.638 billion, an increase from HKD 40.956 billion at the end of 2023[6] - Current assets totaled HKD 13.210 billion, slightly up from HKD 13.141 billion at the end of 2023[6] - Total liabilities increased to HKD 27.304 billion from HKD 28.767 billion at the end of 2023[7] - The company’s bank borrowings rose to HKD 14.004 billion as of June 30, 2024, compared to HKD 12.256 billion at the end of 2023[7] Income and Expenses - Gross profit for the period was HKD 1.628 billion, compared to HKD 979.6 million in the previous year[4] - Total comprehensive income for the period was HKD 542.2 million, down from HKD 848 million in the previous year[5] - The group recorded net other income of HKD 344,279,000, a decrease from HKD 405,054,000 in the same period of 2023[17] - Financial costs increased to HKD 178,268,000 from HKD 100,475,000 year-on-year, primarily due to higher bank borrowing and discount note interest[19] - The group recognized a total tax expense of HKD 102,160,000 for the six months ended June 30, 2024, compared to HKD 77,518,000 in the previous year[20] - Total employee benefits expenses amounted to HKD 868,230,000 for the six months ending June 30, 2024, up from HKD 795,774,000 in the previous year, reflecting a year-on-year increase of approximately 9.1%[24] - Distribution and selling expenses for the six months ended June 30, 2024, were HKD 0.306 billion, accounting for approximately 2.4% of revenue, slightly down from 2.5% in the previous year[44] - Administrative expenses increased to HKD 0.605 billion, representing 4.8% of revenue, up from 4.4% in the same period last year[45] - Total borrowing costs for the six months ended June 30, 2024, were HKD 0.462 billion, an increase from HKD 0.358 billion in the previous year, primarily due to higher bank borrowing amounts and interest rates[46] Inventory and Receivables - The total inventory as of June 30, 2024, was HKD 4,626,671,000, a decrease from HKD 4,921,137,000 as of December 31, 2023, indicating a reduction of approximately 6%[28] - Trade receivables increased to HKD 3,196,112,000 as of June 30, 2024, from HKD 2,909,541,000 at the end of 2023, marking an increase of about 9.9%[29] - Trade payables rose to HKD 2,175,528,000 as of June 30, 2024, compared to HKD 1,934,565,000 at the end of 2023, reflecting an increase of about 12.4%[31] Operational Insights - The company plans to continue expanding its operations in Southeast Asia, particularly in Vietnam and Malaysia, to enhance overall operational efficiency[40] - The packaging paper business is expected to benefit from government policies promoting the use of recyclable packaging, leading to increased demand[40] - The company aims to optimize its production capacity and cost control measures to maintain competitiveness and market share[39] - The integration of upstream resources and vertical business models is expected to improve profitability and stabilize raw material supply chains[39] - The group aims to capture opportunities from the industry's cyclical turning point and will continue to optimize operational efficiency and expand both domestic and international market opportunities[42] Corporate Governance - The company has adopted the standard code of conduct for securities trading as per the listing rules, and all directors confirmed compliance during the reporting period[56] - The company has adhered to the corporate governance code as stipulated in the listing rules throughout the reporting period[57] - The audit committee, consisting of three independent non-executive directors, reviewed the accounting principles and internal control procedures during the six months ended June 30, 2024[59] - The unaudited interim financial statements for the six months ended June 30, 2024, were discussed and reviewed by the audit committee and management[59] - The board of directors includes five executive directors and three independent non-executive directors as of the announcement date[59] Share Repurchase - The company repurchased a total of USD 27.48 million in securities from June to November 2023[35] - The company repurchased a total of 13,808,000 shares at an average price of HKD 0.025 per share, with a total cost of approximately HKD 28,839,000 including transaction costs[53] - The highest price paid per share during the repurchase was HKD 2.10, while the lowest was HKD 2.00, with a cumulative cost of HKD 26,803,000 in January alone[54] - The company believes that the share repurchase is in the best interest of the company and its shareholders, and it can enhance the earnings per share[53] - No other purchases, sales, or redemptions of the company's listed securities were made during the six months ended June 30, 2024, apart from the repurchase mentioned[55]

Financial Performance - Revenue for FY2023 was HK$29,170 million, an increase from HK$25,868 million in FY2022, representing a growth of 12.8%[16] - Profit for the year in FY2023 was HK$1,317 million, compared to HK$3,252 million in FY2022, indicating a decrease of 59.6%[18] - For 2023, the Group recorded total revenue of HK$24.9 billion, representing a decrease of 14.5% from the previous year[31] - The profit for the year decreased by 12.4% to HK$1.2 billion compared to the previous year, with earnings per share at HK24.39 cents[31] - The Group's revenue for the year ended December 31, 2023, was HK$24.9 billion, with a profit attributable to owners of HK$1.05 billion, resulting in a net profit per tonne of HK$176[55] - Earnings per share decreased to HK$24.39 cents from HK$27.46 cents in the previous year[55] Production Capacity and Operations - The annual production capacity for paper across various locations includes 2.30 million tons in Guangdong and 1.12 million tons in Jiangsu[6] - The company plans to increase tissue paper production capacity by 200,000 tons, enhancing its product offerings[6] - Lee & Man Paper has expanded its operations in Vietnam, with an annual production capacity of 550,000 tons of paper/products[6] - The company reported a significant increase in pulp production capacity, with 300,000 tons in Jiangxi and 400,000 tons in Malaysia[6] - The Group's new pulp production lines in Chongqing, Jiangxi, and Guangxi commenced operation, adding an annual production capacity of 950,000 tons, bringing total pulp production capacity to 1.2 million tons[37] - The fourth paper-making machine production line in Malaysia has commenced operation, with an annual production capacity of 350,000 tons, increasing the total production capacity in Malaysia to 1.4 million tons[38] - The Group's core paper manufacturing operations in Guangdong, Jiangsu, Chongqing, Vietnam, and Malaysia account for nearly 80% of total annual production capacity[198] Financial Position and Ratios - Total assets as of FY2023 amounted to HK$XX million, reflecting a change from the previous fiscal year[19] - The Group's total shareholders' fund increased to HK$28.77 billion from HK$28.61 billion[68] - Current assets rose to HK$13.14 billion, while current liabilities decreased to HK$11.44 billion, resulting in a current ratio of 1.15[68] - Outstanding bank borrowings increased to HK$19.29 billion from HK$16.33 billion, leading to a net debt-to-equity ratio rise from 0.51 to 0.62[69] - The net capital debt ratio increased from 0.51 on December 31, 2022, to 0.62 on December 31, 2023[73] Expenses and Cost Management - Distribution and selling expenses were HK$595 million, representing about 2.4% of revenue, down from 2.7% in the previous year[56] - General and administrative expenses increased to HK$1,118 million, accounting for approximately 4.5% of revenue, up from 4.2% in the previous year[57] - Total finance costs rose significantly to HK$831 million from HK$365 million, primarily due to increased bank borrowings and interest rates[62] - The Group continues to focus on expanding its pulp business and optimizing production costs through vertical integration strategies[47] Governance and Board Structure - Recent changes in the board of directors include the appointment of new independent non-executive directors in August 2023[7] - The Board comprises five executive directors and three independent non-executive directors as of December 31, 2023[89] - The Group has complied with the Code on Corporate Governance Practices as set out in the Listing Rules[79] - The Audit Committee reviewed the Group's consolidated financial statements for the year ended December 31, 2023, discussing accounting principles and internal controls[103] - The Remuneration Committee was established in 2005 and is responsible for advising on the overall policy and structure for the remuneration of directors and senior management[111] - The Nomination Committee was established on March 28, 2012, and reviews the Board composition to ensure a balance of expertise, skills, and experience[116] Employee and Workforce Management - The Group maintained a workforce of over 10,000 employees as of December 31, 2023, with competitive salary levels reviewed annually[75] - The Group has not faced significant employee issues or operational disruptions due to labor disputes[76] - As of December 31, 2023, the Group employed over 10,000 individuals, with approximately 19% being female[172] - The Senior Management team comprised approximately 40% female members, including the Financial Controller and Senior Finance Manager[172] Environmental, Social, and Governance (ESG) Initiatives - The company prepared an Environmental, Social and Governance Report for the period from January 1, 2023, to December 31, 2023, to inform stakeholders about its ESG performance[195] - The Board is responsible for sustainable development, including evaluating risks and opportunities related to key ESG issues[200] - The Group aims to create value for all stakeholders through its ESG efforts[199] - The Group emphasizes the importance of balancing its ESG performance reporting in an objective manner[198] Shareholder Engagement and Dividends - The proposed final dividend for 2023 is HK6.1 cents per share, up from HK3.3 cents in 2022[31] - The board considers sustainable returns to shareholders as a primary objective, with a focus on stable dividend payments[190] - The company will not declare dividends if there are reasonable grounds to believe it would be unable to meet its liabilities after the payment[194] - Shareholders holding at least one-tenth of the paid-up capital can requisition an extraordinary general meeting[176]