The Chairperson reported that, pursuant to article 10 of the Company's articles of association, any shareholder wishing to transfer any preference shares in the Company must, prior to such transfer, obtain the specific approval of the board for the transfer. The Chairperson reported that the Malaiwana Holdings Limited ("MH") wishes to transfer its Ordinary Shares in Naithon Beach Limited (the “Company”) in the total of 122,455 numbered 1 to 122455 to Gourami Limited (“GL”).