Common use of DIRECTORS’ STATEMENT Clause in Contracts

DIRECTORS’ STATEMENT. The Board (save for the Interested Directors), after having considered all aspects of the Proposed Construction and after careful deliberation, is of the opinion that the Proposed Construction is in the best interests of the Company. The view of the Board (save for the Interested Directors) was arrived at after having considered, among others, the terms and conditions of the Management Contract, the QS’ independent analysis of the GDC for the Development, the rationale for and prospects of the Proposed Construction as well as after discussion with the advisers appointed by the Company, as set out in Section 11 of this Announcement.