1.2

​Definition of "independent director"

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(iii)

If Mr A were to be appointed by a listed issuer to act as a non-executive director of the listed issuer's unlisted subsidiary, would such appointment disqualify him from being an independent director of the listed issuer pursuant to paragraph (e) of the said definition?

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No, the appointment of Mr A by the listed issuer as a non-executive director of a non-listed subsidiary of a listed issuer would not disqualify him from being an independent director of such listed issuer pursuant to paragraph (e) of the said definition.