Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

3.8. Directors’ service contracts in relation to the Proposed AcquisitionsNo person is proposed to be appointed as a director of the Manager (“Director”) inrelation to the Proposed Acquisitions or any other transactions contemplated in relationto the Proposed Acquisitions.3.9. Major Transactions — Chapter 10 of the Listing Manual(i)Chapter 10 of the Listing Manual governs the acquisition or disposal of assets,including options to acquire or dispose of assets, by LMIR Trust. Such transactionsare classified into the following categories:(a)(b)(c)(d)non-discloseable transactions;discloseable transactions;major transactions; andvery substantial acquisitions or reverse takeovers.(ii)A proposed acquisition by LMIR Trust may fall into any of the categories set out insub-paragraph 3.9(i) above depending on the size of the relative figures computedon the following bases of comparison:(a)(b)the net profits attributable to the assets acquired, compared with LMIRTrust’s net profits; andthe aggregate value of the consideration given, compared with LMIR Trust’smarket capitalisation.Where any of the relative figures computed on the bases set out above is 20.0%or more, the transaction is classified as a “major transaction” under Rule 1014 ofthe Listing Manual which would be subject to the approval of Unitholders, unlesssuch transaction is in the ordinary course of LMIR Trust’s business.22