Save for the foregoing, it is submitted that all other key administrative functions of Hi-Level Group will be carried out by Hi-Level Group without reliance on the support of the Group. Hi-Level Group will also have a full time management team to handle its administrative functions independently from the Group.
After the Proposed Spin-Off, Hi-Level Holding will lease the office premises at 6/F, Tower B, Hunghom Commercial Centre, 37 Ma Tau Wai Road, Hunghom, Kowloon, Hong Kong from the Remaining SAS Group. Save for the aforesaid, Hi-Level Group will be administratively independent from the Remaining SAS Group and will have its own back-office support services comprising accounting, human resource management and compliance team.