Ann: Appointment of Joint Company Secretary , page-13

vaild points from 4beanmix. the past anouncements may explain what caused the Board spill:

- Chinese Steel (Xinhua) wanted to control Dynasty but did not want to pay premium; see 30/04/2010 release

- The majority of Board who held little shares voted favourable to the offer, i.e. 40m shares @ 16c + 20m free options @ 20c;

- Tay and his supporters blocked the placement at the EGM 27/09/2010

- Board then placed 15% to Xinhua and appoint 1 Chinese Board Representative, 8/10/2010

- The Board then try to remove Tay, 17/01/2011

- Tay calls an EGM to remove 3 directors, 3/2/2011


So lucky we had only sold 15% cheap shares to the Chinese Steel mill.