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2 Da Sen Holdings Group Limited 180,000,000 18,000, ,000, % %0.005% C S

3 (1) (2)... (3) (4)... eipo (a) (b) (5) (6)......

4 (7) (1) (2) (3) (4) (5) (6) (7) 1,000,

5 (8) eipo eipo eipo (9)

6 i iv

7 I-1... II-1... III-1... IV-1... V-1... VI-1

8 (a) (b)(c) 70% Ipsos (b2b) GB/T idt ISO14001:2004(CARB)

9 (0.05 ppm)ipsos 0.65% Ipsos Ipsos Ipsos Ipsos 1.92% % Ipsos (2015 Shandong Province Forestry Industry Statistical Year Book) Ipsos

10 (i) (a) (b) (c)

11 47, , (%) 114,240 56, % 145,744 90, % 149, , % (%) 72,400 55, % (ii) 23, ,

12 54,400 29, % 130,560 80, % 130, , % 65,280 62, % % % % % % 109, , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

13 14.9%37.1%32.7%30.3% 5.5%11.9%8.6%7.0% %

14 9.375%8.890%4.8% 4.706%

15 166, , , , ,459 (131,041) (241,985) (297,370) (126,107) (162,513) 35,044 75,037 83,490 36,355 45,946 (1,720) (8,222) (2,946) (2,399) (491) (8,090) (11,981) (20,575) (7,312) (10,846) 2,602 2,705 7,304 2,979 4,854 (68) (327) (178) (12) (225) 27,768 57,212 67,095 29,611 39, (599) (4,748) (5,428) (2,968) (2,192) (596) (4,731) (5,427) (2,967) (2,189) 27,172 52,481 61,668 26,644 37,049 (6,842) (13,555) (16,446) (7,019) (10,293) 20,330 38,926 45,222 19,625 26,756 20,330 38,926 45,222 19,625 26,

16 % % % % % 20, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , % %

17 114, , , ,735 70, , , , , , , , , ,512 97, ,121 (70,715) (42,764) 7,333 36,090 43,551 93, , , ,278 1, , ,790 99, ,777 43,057 87, , , , , , ,

18 (20,455) (5,737) 101,242 96,753 (20,352) (47,422) (15,530) (25,031) (9,549) (1,734) 71,028 19,721 (69,964) (76,512) 21,405 3,151 (1,546) 6,247 10,692 (681) 1,154 4,305 2,759 2,759 9,006 4,305 2,759 9,006 13,451 8,325 (1) 47.2% 44.3% 33.2% 16.4% (2) 11.0% 13.4% 19.2% 9.1% (3) (4) 50.0% 78.2% 107.5% 127.5% (5) 27.6% 65.9% 72.2% 91.7% (6) 242.4% 143.8% 37.2% 44.5% (7) 232.4% 140.7% 30.6% 39.4% (1) (2)

19 (3) (4) (5) (6) (7) (1) (2) (3) (1) (2) 720,000,000 (3) 720,000,

20 60.7% % % % % % % %

21 84, %93,592 88,1138.8% 95,860

22 88.4% 94.0%

23

24

25 eipo

26 18,000, ,000,000

27 Ipsos Ipsos Business Consulting Limited Ipsos Ipsos Ipsos

28

29 30 27,000,00015% S S

30

31 2 10% eipo eipo( eipo

32 62.5%37.5% %

33 CARB

34

35

36 (i) % % % %

37

38

39

40 % 2214, ,770

41

42 62.97% %

43 (ii)

44 %31.8%41.4%8.3% Ipsos Ipsos 18.3%18.1%18.9%19.9%

45 Ipsos 91.7%89.6%91.6%91.9%

46

47 (iii) 10.2%21.0%25.4%23.6% 44.8% 30.9% 28.8%

48 Ipsos

49

50 H1N1H1N1H7N9 H1N1H7N H1N1H7N9 H1N1H7N9

51 30

52 10% 20% 10%20% 25%

53 25% 10%

54

55

56

57 571V (i) (ii) (iii)

58 5,

59 Codan Trust Company (Cayman) Limited 0.2%

60

61 43-45 M A B Lin Triomphe Zheng 68 17E 28

62 Conyers Dill & Pearman Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY Cayman Islands

63

64 Cricket Square Hutchins Drive PO Box 2681 Grand Cayman KY Cayman Islands FCPA M Lin Triomphe Zheng

65 Lin Triomphe Zheng Lin Triomphe Zheng 1 30 Codan Trust Company (Cayman) Limited Cricket Square Hutchins Drive P.O.Box 2681 Grand Cayman KY Cayman Islands

66 Ipsos Ipsos Ipsos Ipsos 500,000Ipsos (NYSE Euronext Paris)Ipsos SA Ipsos87 16,000Ipsos IpsosIpsos (a) (b)(c) Ipsos IpsosIpsos IpsosIpsos Ipsos Ipsos Ipsos (a)

67 (b) Ipsos (a) (b) (c) (d) (e)

68 408, , %6.9% 5.8% Ipsos 6.7%722, , % 30,567 49, % 7.7% % 4.2%5.6% Ipsos % 49.7%56.1% %70.0%

69 820 Ipsos %5.7% 8,933 3,333.3 Ipsos Ipsos

70 Ipsos Ipsos % % Ipsos 4.8%745.0

71 Ipsos 2,6646, % 10.0% 7.2%6.9% 8,382 Ipsos46.5% 57.7%23.1% 1,705.71,632.6

72 59.2%63.7% Ipsos % %

73 Ipsos Ipsos

74 Ipsos1,650 2,056 Ipsos Ipsos Ipsos12.6% Ipsos

75 10.6% 10.6% 9.3% Ipsos 70% 19.9% 11.1% Ipsos 39.9% Ipsos Ipsos 14.3%12.2% Ipsos 20.3% 13.5%

76 Ipsos Ipsos 0.4% 0.5% 14.8%12.8% Ipsos 4, %

77 Ipsos (%) 1 A % 2 B % 3 C % % 5 D % Ipsos Ipsos Ipsos IpsosAB C 400ABC Ipsos , ,686

78 Ipsos 45% Ipsos

79 (i)(ii)(iii) Ipsos35% 150 Ipsos 15% 20% Ipsos Ipsos

80 ( )

81 , , *44/12*1, Ipsos Ipsos

82 Ipsos Ipsos50.5% 3%

83 Ipsos Ipsos 50.5% Ipsos

84 1,2002, Ipsos 1.92% 10,

85 2/3 Ipsos (%) % 2 E % 3 F % 4 G % 5 H % Ipsos IpsosIpsos Ipsos 2, ,

86 2015

87

88 ( ) 5,

89 25% 2007

90 17% 13%

91 % 25%5% 25%10%

92 (a)(b) (c)

93 100

94 25

95 8.0 (i) (ii) (iii)

96 12172 (a) (b) (c) CARB (i) (ii) [2011]395 Ipsos 1,000 (2015 Shandong Province Forestry Industry Statistical Year Book)

97 % AAA

98 (a)gb/ T idt ISO14001:2004(b) GB/T idt ISO9001:2008 (c) GB/T idt OHSAS18001: (0.05 ppm)carb ,00050, ,000 11,0007,5006,0006,0004,500 30% 22%15%12%12%9%

99 3,0002,2001,5001,2001, ,00010,0001 5,0002,000 1,2001, ,000 30% 30%20% 20%12%11%7% 7002,0001,2001,100 3,00030%70% 17002,000 1,2001,100 5,0002,0001,2001, ,000 30%20%20%12%11%7% ,1001,2002,0002,000 3,000 30%

100 1,200 12% 1,500 15% 900 9% 30%22%12%12%15%9% 15,200 12,40012,400 10,000 10,0001 5,2002,4002,4003,000 30%1,200 12% 1,500 15% 9009% 30%22%12%12%15%9% 1 5,2002,4002,400

101 % % 3.0

102

103 (a) 100,000 10,000, (b) (c) (d) 2,9992,2001,5001,200 1, ,000 15,000 3,000 11,000 2,200 7,500 1,500 6,000 1,200 6,000 1,200 4, %22%15%12%12%9%

104

105

106 ,000,000 3 (3.75%) 550 6,600,000 (2.75%) 375 4,500,000 (1.875%) 300 3,600,000 (1.50%) 300 3,600,000 (1.50%) 225 2,700,000 (1.125%) 2,500 67,500,000 30,000, % (12.5%) (9.375%) 752 9,400,000 (3.76%) 1,200 15,000,000 (6.00%) 419 5,237,500 (2.095%) 2,371 64,008,000 29,637, % (11.855%) (8.890%)

107 1 2 1,280 34,560,000 20,480, % (6.4%) (4.8%) 697 8,364,000 (3.485%) 558 6,696,000 (2.79%) 1,255 33,883,200 15,060, % (6.275%) (4.706%) ,600, ,000,000

108

109 62.5%37.5% 8.08 (HKEx-GL29-12)(HKEx-GL43-12)

110 (a) (b)(c) 70% Ipsos (b2b) GB/T idt ISO14001:2004(CARB) (0.05 ppm)ipsos 0.65% Ipsos

111 Ipsos Ipsos Ipsos 1.92% % Ipsos (2015 Shandong Province Forestry Industry Statistical Year Book) Ipsos

112 (i)(ii) (iii) 3,333.3 (2015 Shandong Province Forestry Industry Statistical Year Book)

113 Ipsos Ipsos3, (a) (b)(c) (i) (ii) (i)(ii)

114 36.1%27.9%22.7%31.3% Ipsos % % % % 149,172 27, ,504 45, ,204 53, ,216 31, ,913 7, ,518 29, ,656 29, ,243 14, ,085 35, ,022 75, ,860 83, ,459 45, ,98420,76919,57111,629

115 Ipsos 130,560 (CARB) (0.05 ppm)

116 (i) Ipsos 56,231 90,964102,68955, % 50%75,000 47,000

117 % (ii) 90% 230,000

118 100, % ,

119 (1) (2) (3) 5.6%

120 4.6% 70%

121 (i)(ii)(iii) x 1220 (E1) 1,7374,785 2,2854,996 2,2854,905 1,755 4,666 42,52375,011 81,47033, %60.9%55.8% 41.9%

122 x 1220 (E1E0) 2,2678,374 2,6328,494 2,5848,614 2,622 5,053 11,7445,890 14,43014, % 5.5% 11.6% 21.5% x 1220 (E0)

123 3,2546,891 3,3506,783 3,4665,679 3,641 5,679 1,96410,063 6,7896,7174.4%12.6% 7.2% 13.0% Ipsos Ipsos ,55276,323119,82262, % 21.0%25.4%23.6%

124 % % % % 109, , , , , , , , , , , , , , , , , , , , , , , , % % % % 20, , , , , , , , , , , , , , , , , , , , , , , ,

125 1530

126 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 47, ,

127 (%) 114,240 56, % 145,744 90, % 149, , % (%) 72,400 55, %

128 (i) (ii) (iii) (iv) (v)

129 (vi) , , ,400 29, % 130,560 80, % 130, , % 65,280 62, % 4312 (i)(ii)

130

131 % % % % (1) 95, , , , (2) 19, , , , (3) 1, , , (4) 10, , , (5) 22, , , , (6) (7) , , , , (1) 16, , , , (2) 11, , , (4) 1, , , , , , , (1) (2)

132 (3) (4) (5) (6) (7) %41.6% Ipsos Ipsos CARB (i) (ii)

133 32.1%42.4% 41.6%38.3% (i)(ii) %73.4%90.9%93.8% 10961

134 % % % % 47, , , , , , , , , , , , , , , , , , , (1) 1, , , , , , , , , , , , , , , , , , , , (1)

135 1 A 11.8% 2 B 8.7% 3 C 6.4% 4 D 5.3% 5 E 3.9%

136 1 A 6.9% 2 F 6.2% 3 G 5.9% 4 H 5.0% 5 I 3.9%

137 1 H 8.1% 2 F 6.6% 3 J 2.9% 4 K 2.6% 5 L 2.5%

138 1 H 12.7% 2 F 7.3% 3 M 3.9% 4 N 3.8% 5 J 3.6% 36.1%27.9%22.7%31.3% 11.8%6.9%8.1%12.7% 5%

139 Ipsos 5 90

140

141 (i)(ii) (iii)(iv) Ipsos %90.6%91.3%90.1%

142 %70.2%75.5%72.7% 81.6%29.8%24.5%27.3% % 11.9%8.6%7.0%14.9%37.1% 32.7%30.3% 5%

143 1 A 5.5% 2 B 3.5% 3 C 2.5% 4 D 2.2% 5 E 1.2%

144 1 F 11.9% 2 A 7.5% 3 B 6.7% 4 G 6.6% 5 H 4.4%

145 1 F 8.6% 2 I 7.8% 3 J 6.0% 4 K 5.5% 5 B 4.8%

146 1 I 7.0% 2 L 7.0% 3 M 7.0% 4 N 4.9% 5 O 4.4%

147 (a) (b) (i) (ii)(iii) (iv) (i) (ii)

148

149 3 CARB (i) (ii)

150 Ipsos

151 5.01(2) 15% 120,206 70, , ,770 (a) 2013, ,770 (i) (ii) (i) 1,170

152 600(ii) (iii) (iv) (b) 21,

153 %6.8%5.6%5.3%

154 236 ISO14001

155 OHSAS 18001

156 CARB (0.05 ppm) CARB GB/T idt ISO14001:2004 GB/T idt ISO9001:2008

157 GB/T idt OHSAS18001:2007 AAA (i)

158 (i) (ii) (i) (ii) (iii)(iv)

159 (ii) (i) (ii) (iii) (iv) (i) (ii)

160 (i)(ii) (i) (ii) 11 (iii) (iv)

161 (v) 3A.19 (vi) (vii)

162 340,048, % 1400 (i)30%(ii) (a) (b)

163 (c) (d) (i) (ii) (a) (b) 30% (c)

164

165 10.07 (a) (b) 30% 12 (a) 155 (b) (i)

166 (ii) (iii) (iv) (a) (b) 12

167 12

168 Lin Triomphe 49 Zheng 46

169

170 49 Georg- August-University of Göttingen Shao Wanlei Law Office Luther Law Offices Lin Triomphe Zheng49 Lin Macquarie University (Attorney General) Lin16 Moore Stephens Dahua CPAs LLP 46

171 (i) (ii) (iii) XV 13.51(2)(h)(v)

172 Euronext ParisPublicis Groupe SAPUB. PA TQC 43

173 3.21 C.3 Lin Triomphe ZhengLin Triomphe Zheng 3.25 B.1 Lin Triomphe Zheng A.5 Lin Triomphe Zheng

174 D.1. 3A.19 3A.23 (i) (ii) (iii) (iv) 13.10

175 13.46

176 1,000,000,000 10,000,000 20, ,980,000 5,399, ,000,000 1,800, ,000,000 7,200,000 20, ,980,000 5,399, ,000,000 1,800,000 27,000, , ,000,000 7,470,000

177 (a) 20% (b) A % A.6.

178 A. 3. D.1.

179 XV23 10% 340,048, % 1 340,048, % 2 340,048, % 3 340,048, % 4 340,048, % 5 340,048, % 6 340,048, % ,500, % 8 67,500, % 9 64,008, % 9 64,008, % ,449, %

180 2. 69,393, % 3. 52,056, % 4. 41,637, % 5. 24,300, % 6. 31,212, % %9.29%6.97%5.57%9.04%8.57% XV23 10%

181 % % % % % %

182 86.2%86.6% 88.8%89.4% 2.1

183

184 14.9%37.1% 32.7%30.3%

185 166, , , , ,459 (131,041) (241,985) (297,370) (126,107) (162,513) 35,044 75,037 83,490 36,355 45,946 (1,720) (8,222) (2,946) (2,399) (491) (8,090) (11,981) (20,575) (7,312) (10,846) 2,602 2,705 7,304 2,979 4,854 (68) (327) (178) (12) (225) 27,768 57,212 67,095 29,611 39, (599) (4,748) (5,428) (2,968) (2,192) (596) (4,731) (5,427) (2,967) (2,189) 27,172 52,481 61,668 26,644 37,049 (6,842) (13,555) (16,446) (7,019) (10,293) 20,330 38,926 45,222 19,625 26,756 20,330 38,926 45,222 19,625 26,756

186 (a)(i)(ii) (iii)(b) % % % % % 109, , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

187 % %

188 %21.0%25.4%23.6% % % % % % % % % % 44, % 16, % 61, % 79, % 32, % 112, % 117, % 29, % 146, % 104, % 104, % 170, % 34, % 204, % 166, % 67, % 233, % 149, % 16, % 166, % 250, % 66, % 317, % 284, % 96, % 380, % % % % % % % 51, % 8, % 60, % 13, % 8, % 21, % 69, % 32, % 102, % 146, % 40, % 186, % 120, % 41, % 162, % 159, % 49, % 208, %

189 % % % % % (1) 95, , , , , (2) 19, , , , , (3) 1, , , , (4) 10, , , , (5) 22, , , , , (6) (7) , , , , , (1) 16, , , , , (2) 11, , , , (4) 1, , , , , , , , , (1) (2) (3) (4) (5) (6) (7) 79.2%86.2%94.0%97.5%

190 % % % % % 47, , , , , , , , , , , , , , , , , , , , , , , , (1) 1, , , , , , , , , , , , , , , , , , , , , , , , , (1) 32.1%42.4%41.6%38.3%

191 % % % 9.1%54.1% 38.5%4.93.0

192 1,737-4,785 42,523 2,285-4,996 75,011 2,285-4,905 81,470 1,755-4,666 33,517 2,267-8,374 11,744 2,632-8,494 5,890 2,584-8,614 14,430 2,622-5,053 14,802 3,254-6,891 1,964 3,350-6,783 10,063 3,466-5,679 6,789 3,641-5,679 6,717 56,231 90, ,689 55,

193 , , , ,

194 % % % % % 107, , , , , , , , , , , , , , , , , , , , (212) (7,050 ) (9,635) (3,835 ) , , ,898 97, , ,155 1, , , ,591 98, ,471 10, , , , , , , , , , , , , , , , , , , (1,843) (3,411 ) (3,964) (1,635 ) (1,975 ) (3,530) (2,111 ) 2,781 2,994 (741) 9,092 36,536 66,069 27,714 34, ,112 36,721 66,779 28,037 35, , , , , ,513

195 % % % % % 51, , , , , , , , , , , , , , , % 45.3% 17.9%

196 2% (2,888) (5,091) (6,009) (3,347) 1% (1,444) (2,546) (3,004) (1,674) (1%) 1,444 2,546 3,004 1,674 (2%) 2,888 5,091 6,009 3,347 2% (176) (282) (285) (151) 1% (88) (141) (143) (75) (1%) (2%) %

197 % % % % % 99, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , %96.5%96.8% 96.3% 24.8%14.2%9.0% 10.0%

198 %79.3% 99.4% 100.0%

199 % % % % % 20, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , % % %45.9

200 16,913 66,518 96,656 41,755 49,243 (9,112) (36,721) (66,779) (28,037) (35,042) (1,069) (6,588) (2,005) (2,005) (10,181) (43,309) (68,784) (30,042) (35,042) 6,732 23,209 27,872 11,713 14, % 34.9% 28.8% 28.1% 28.8% 10.6%5.2%

201 1,586 5,877 2,374 3,519 2,225 1,092 1, ,602 2,705 7,304 2,979 4, [2011]

202 ,069 7,452 2,122 2, ,720 8,222 2,946 2, (1,069) (6,588) (2,005) (2,005) 651 1, %0.5%0.2% 0.2%

203 7,522 1,262 3,216 2,591 4,052 4,453 2,245 2,934 2,503 2,752 3,743 1,610 2, ,395 1, ,310 2,198 1, ,090 11,981 20,575 7,312 10, %3.8%5.4%5.2% 63.0%56.8%76.4%75.9% 4.9%3.8%3.4%3.7%

204 599 3,861 4,592 2,498 1, ,748 5,428 2,968 2,192

205 25% %208.5 (i)24.3(ii) 13.6(iii) %162.5

206 22.4% 22.0% 32.9%28.8% %4.9 (i)(ii) (iii) %

207 % % % %380.9 (i)19.3(ii) 27.0(iii)30.1

208 % % 21.9% 44.8% 30.9% % , , %178, ,000

209 % % %16.4

210 % %317.0 (i)83.2(ii) 32.7(iii) % % % % 23.7%

211 39.8%4.9% 34.9% , , %327, , %

212 % % %38.9

213 (20,455) (5,737) 101,242 96,753 (20,352) (47,422) (15,530) (25,031) (9,549) (1,734) 71,028 19,721 (69,964) (76,512) 21,405 3,151 (1,546) 6,247 10,692 (681) 1,154 4,305 2,759 2,759 9,006 4,305 2,759 9,006 13,451 8,325

214 (i)50.2(ii) 12.5(iii) (i) 66.1(ii)10.9 (iii) (i)92.0(ii) 28.9(iii)7.4

215 (i)28.3 (ii)

216

217 , ,564 7,481 54,034 23,

218 34, ,682 61, , ,803 31,662 24,307 34,523 47,036 48,641 4,305 2,759 9,006 8,325 15,830 70, , , , , , ,472 32,708 39,010 25,283 5,626 10,698 15,389 19,778 15,692 32,000 68,342 49,789 72,333 75, , ,512 97, , ,663 (70,715) (42,764) 7,333 36,090 57,

219 19,082 8,045 11,593 23,976 6,619 3,933 9,750 9,238 5,961 12,329 13,180 13,822 31,662 24,307 34,523 47,036 2,917 6,553 10,097 9,997 3,044 5,776 3,083 3,825 5,961 12,329 13,180 13,822

220

221 28, ,106 58, ,069 1,061 2,994 1,050 1, ,414 5,537 6,526 1, , ,682 61, ,

222 % % % % % 26, , , , , , , , , , , , , , , %

223 5,686 24,403 7,665 19,715 16,872 20, ,582 8,812 11,366 11,135 1,197 7,295 2,982 2,296 1,093 1,433 2, ,089 3, ,496 2,581 1,299 25,681 39,856 25,043 18,957 31,367 64,259 32,708 38,

224 % % % 72,390 53,

225 % % % % 5, , , , , , , , , ,

226 4,810 1,023 25,000 58,000 46,000 63,000 68,000 7,000 7,000 6,000 6,000 3,342 3,789 3,333 1,688 72,390 53, , ,555 49,789 72,671 75, , ,365 50,812 72,671 75,

227 32,000 68,342 49,789 72,333 75,975 3,787 1,023 1,023 32,000 73,152 50,812 72,333 75, % 7.8% 8.7% 8.7% 9.3% 6.0% 9.3% 4.3% 7.0% 4.3% 8.4%

228 (4) 50.0% 78.2% 107.5% 127.5% (5) 27.6% 65.9% 72.2% 91.7% (6) 242.4% 143.8% 37.2% 44.5% (7) 232.4% 140.7% 30.6% 39.4% (1) 47.2% 44.3% 33.2% 16.4% (2) 11.0% 13.4% 19.2% 9.1% (3) (1) (2) (3) (4) (5) (6) (7)

229 50.0% 78.2%107.5% 127.5% 100% 27.6% 65.9%72.2% 91.7% %143.8%37.2%44.5% % % % 140.7%30.6% 39.4%

230 47.2% 44.3% 33.2% 16.4% 11.0% 13.4%19.2% 91.5% 9.1%

231 19,

232 27 (a) (i) (ii) 10% 98, ,000344,000145,000

233 (b) (c)

234 32,000 32,000 1,780 1,780 23,497 23,497 72,390 72, , ,667 68,342 3,787 1,023 73,152 3, ,192 46,718 46,718 53,213 53, ,053 4,178 1, ,275 49,789 1,023 50,812 2, ,142 15,486 15,486 67,396 1,044 68,440 72,333 72,333 2,578 2,578 25,165 25, , ,414

235 23,554 73,910 97,464 (169) (885) 96, ,000 6,590

236 ,169 75, , , , ,

237 (1) 163,169,000 (2) (3) 720,000,000 (4) (5)

238 % (a) Ipsos 56,23190,964102,68955, % (b) 96% 32.1% %

239 14.9% % % % %

240 8

241 (i) (a) (b) (c) (d) (e)

242 (f) (g) (h) (i) (j) (k) (l) (m) (n) (o)

243 (p) (q) (r) (1) (2) (3) (4)

244 (ii) (a) (b) (c) (d) (e)

245 (f) (g) (h) (i) (j) (k)

246 10.07 (a) 10.07(2) (b) 10.07(2)(3) (a) 155 (b) 2.07C

247 (a) (b) (a)(b) (a)(b) (a) (i) 10.07(2)2 155

248 (ii) (iii) (i)(ii) (iv) (i)(ii)(iii)(i) (ii)(iii) (b) (a) (b) 3.00%

249 ,000,000 15% 3A.07

250 180,000,000 (i) 18,000,000 (ii) S 144A 162,000, ,000,000 25% 18,000,000 10%(i)(ii) 2.5%

251 9,000,000 50% 5 9,000,000 50%5 18,000,00050% (i)15 50(ii)50100(iii)100 54,000,000(i)72,000,000(ii) 90,000,000(iii) 30%40%50%

252 ,000,000 90%(i)(ii) 22.5% S

253 30 27,000,000 15%

254 30 27,000,000 15% 27.71% (i)(ii) (iii) (i)(ii)(iv) (v) (vi)(ii)(iii)(iv) (v)

255 30 27,000,000 15%

256 1% %0.005% %

257 (i) (ii) (iii) 30

258 (i)(ii) 5,000

259 1. eipowww.eipo.com.hk eipo S eipo(i) (ii)

260 eipo

261 G A18-20 L

262 eipo (i) (ii) (iii) (iv) (v) (vi) (vii) (viii)

263 (ix) (x) (xi) (xii) (a) (b) SS902(h)(3) (xiii) (xiv) (xv) (xvi) (xvii) (xviii) eipo

264 (xix)(a) (b) 5. eipo 2.eIPO eipo eipoeipo eipo eipo 10. eipoeipo eipo eipo

265 E eipo eipowww.eipo.com.hk eipo ( 8 1

266 (i) (ii)

267 40

268 5,0005,000

269 (1) (1) (1) (1) (1) (1) E

270 7. eipoeipo eipo (i)(ii) 8. eipo

271 9. eipo5,000 5,

272

273 12. (i) eipo 40342E (ii) eipo (iii)

274 (iv) eipo 50%

275 14. (i) (ii)

276 (i) 1,000, ,000,000 (ii) 1,000,000 1,000,

277 (iii) eipo 1,000, ,000,000 (iv)

278

279

280 IIII II1 II 1

281 II

282 IIII II II2

283 I II 5 166, , , , ,459 8 (131,041) (241,985) (297,370) (126,107) (162,513) 35,044 75,037 83,490 36,355 45,946 8 (1,720) (8,222) (2,946) (2,399) (491) 8 (8,090) (11,981) (20,575) (7,312) (10,846) 6 2,602 2,705 7,304 2,979 4,854 7 (68) (327) (178) (12) (225) 27,768 57,212 67,095 29,611 39, (599) (4,748) (5,428) (2,968) (2,192) 10 (596) (4,731) (5,427) (2,967) (2,189) 27,172 52,481 61,668 26,644 37, (6,842) (13,555) (16,446) (7,019) (10,293) 20,330 38,926 45,222 19,625 26,756 20,330 38,926 45,222 19,625 26, ,017 1,946 2, ,338

284 II 13 21,387 24,313 23,807 23, , , , , ,096 1,555 1,971 1, , , , , ,662 24,307 34,523 47, , ,682 61, , ,305 2,759 9,006 8,325 70, , , , , , , , ,468 30,397 38,632 38,632 22,589 57,484 97, ,537 43,057 87, , ,169

285 II 20 4,810 1, ,278 1, ,367 64,259 32,708 38, ,390 53, ,626 10,698 15,389 19, ,000 68,342 49,789 72, , ,512 97, , , ,790 99, , , , , ,946 (70,715) (42,764) 7,333 36,090 43,551 93, , ,825

286 II , , , , , ,450 (3,584) (4,695) 132, , ,584 5,072 3,584 5, , ,827 (3,584) (4,695) 132, ,755

287 ,355 4,443 17,798 20,330 20,330 4,929 4,929 2,184 (2,184) 7,113 (2,184) 4,929 20,468 22,589 43,057 38,926 38,926 5,898 5,898 4,031 (4,031) 9,929 (4,031) 5,898 30,397 57,484 87,881 45,222 45,222 3,310 3,310 4,925 (4,925) 8,235 (4,925) 3,310 38,632 97, ,413

288 ,756 26,756 38, , ,169 30,397 57,484 87,881 19,625 19,625 3,310 3,310 33,707 77, ,816

289 II 24 (16,215) 7, , ,325 (12,692) (599) (3,861) (4,592) (2,498) (1,937) (3,644) (8,942) (12,059) (3,075) (5,726) (20,455) (5,737) 101,242 96,753 (20,352) (37,316) (12,277) (25,031) (9,549) (1,734) (10,606) (3,404) (47,422) (15,530) (25,031) (9,549) (1,734) 32, ,000 23,000 28,000 61,000 (10,000) (72,000) (42,000) (35,000) (38,000) (1,061) (1,933) 83,670 84,185 17, (39,571) (103,362) (71,071) (70,106) 4,929 5,898 3,310

290 II 71,028 19,721 (69,964) (76,512) 21,405 3,151 (1,546) 6,247 10,692 (681) 17 1,154 4,305 2,759 2,759 9, ,305 2,759 9,006 13,451 8,325

291 II Codan Trust Company (Cayman) LimitedCricket Square, Hutchins Drive, P.O. box 2681Grand Cayman KY1-1111, Cayman Islands ,00010,000, ,999

292 10, % 95,178,000

293 50, % 100% 100% 100% 10, % 100% 100% 100% 100% 10, % 100% 100% 100% 100% 8,000, % 100% 100% 100% 100% 3,000, % 100% 100% 100% 100%

294 S. W. Chan & Co

295

296 (i) (ii)

297 (a) (b) 2.5

298

299

300

301

302 2.18 (a) (b)

303 (c) 2.19 (a) (b) 2.20

304

305 2.24 (a) (b) (c) (d) (e) (f) 2.25

306 3 3.1 (a) (i) (ii) 17 10% 98,000301,000344, ,000

307 (b) (c)

308 32,000 32,000 1,780 1,780 72,390 72,390 23,497 23, , ,667 68,342 3,787 1,023 73,152 3, ,192 53,213 53,213 46,718 46, ,053 4,178 1, ,275 49,789 1,023 50,812 2, ,142 15,486 15,486 67,396 1,044 68,440 72,333 72,333 2,578 2, ,165 25, , ,414

309 20 32,000 73,152 50,812 72, ,390 53, , ,365 50,812 72,671 43,057 87, , , % 144% 37% 45%

310 4 (a) (b) (c)

311 16 5 (i) (ii) 149, , , , ,216 20,604 70, ,126 44,237 52,519 (3,691) (4,233) (5,470) (2,482) (3,276) 166, , , , ,459

312 19,577,000 21,904,00030,857,0009,575,00026,371, ,172 20,604 (3,691) 166,085 25,384 2,528 (128) (16) 27, (596) 27, (6,842) 20, , ,

313 128,850 56, ,934 98,350 43, , ,504 70,751 (4,233) 317,022 42,932 14, (4) 57, (4,731) 52, (13,555) 38, ,208 1,641 4,

314 208,087 81, , ,723 51, , , ,126 (5,470) 380,860 45,615 25, (3,708) 67, (5,427) 61, (16,446) 45, ,562 1,804 5,

315 160,560 74, ,874 78,826 18,438 2,197 99, ,216 52,519 (3,276) 208,459 29,232 12,687 (102) (2,579) 39, (2,189) 37, (10,293) 26, , ,

316 208,105 84,794 2, , ,782 11,947 8, , ,707 44,237 (2,482) 162,462 19,614 10,569 (40) (532) 29, (2,967) 26, (7,019) 19, , ,

317 200,483 77, , ,173 28, , ,225 1,092 1, ,586 5,877 2,374 3, ,602 2,705 7,304 2,979 4,854

318 (9,691) (3,682) (6,668) (380) (130) 123, , , , , ,584 21,474 21,511 10,283 11, ,024 5,327 5,872 2,904 2,857 1,069 7,452 2,122 1,521 1,091 2,735 3,211 1,917 1,773 2,136 4,503 4,929 2,031 2,608 2,605 4,068 4,467 2,244 2, ,522 1,262 3,216 2,173 4,150 3,743 1,200 1, , , , , ,850

319 9 11,707 18,572 18,234 8,682 9,816 2,877 2,902 3,277 1,601 1,212 14,584 21,474 21,511 10,283 11,028 (a) (b)

320 1,000, ,307 4,017 4,592 2,498 1, (708) (156) 599 4,748 5,428 2,968 2,192 (3) (17) (1) (1) (3) 596 4,731 5,427 2,967 2,189

321 11 25% 7,937 14,014 16,750 6,998 10, (1,095) (459) (304) 21 (178) 6,842 13,555 16,446 7,019 10,293 (i) (ii) (iii) 16.5% (iv) 25% (v) 10% 23

322 27,172 52,481 61,668 26,644 37,049 6,793 13,120 15,417 6,661 9, (28) (14) 271 6,842 13,555 16,446 7,019 10,293

323 12 20,000 20,330 38,926 45,222 19,625 26, ,017 1,946 2, , ,080 21,387 24,313 24,313 23,807 10,606 3,404 (299) (478) (506) (253) (253) 21,387 24,313 23,807 24,060 23,554

324 50 6,434,00017,119,000 23,807,00023,554, ,322 6, ,894 43,415 (873) (1,260) (186) (61) (2,380) (561) (561) 25,888 4, ,894 40,474 25,888 4, ,894 40, ,564 54,034 49,130 3,922 (53,052) (1,717) (738) (172) (98) (2,725) 73,301 8, ,406 91,783 76,452 10, ,406 97,449 (2,590) (1,998) (358) (159) (5,105) (561) (561) 73,301 8, ,406 91,783 73,301 8, ,406 91,783 15, ,481 23,490 7,058 8,829 (15,887) (364) (5) (369) (2,512) (2,024) (185) (128) (4,849) 77,847 31, ,055

325 83,510 34, ,103 (5,102) (3,556) (542) (287) (9,487) (561) (561) 77,847 31, ,055 77,847 31, , (2,627) (2,367) (200) (172) (5,366) 75,220 28, ,877 83,510 34,760 1,011 1, ,291 (7,729) (5,923) (742) (459) (14,853) (561) (561) 75,220 28, ,877 75,220 28, ,877 (1,310) (1,138) (70) (86) (2,604) 73,910 27, ,273 83,510 34,760 1,011 1, ,291 (9,039) (7,061) (812) (545) (17,457) (561) (561) 73,910 27, ,273

326 2,290 4,218 4,572 2,267 2, ,725 4,849 5,366 2,651 2, ,000156, %8.01% 33,702,00051,294,000 60,435,00059,384, ,282, ,855 14,855 14,855 14,855 (661) (1,611) (1,132) (2,086) 14,194 13,244 13,723 12,769

327 1,671,0001,615,0001,559,000 1,531, ,082 8,045 11,593 23,976 6,619 3,933 9,750 9,238 5,961 12,329 13,180 13,822 31,662 24,307 34,523 47, ,145,000212,461,000267,155,000148,239, , ,106 58, ,069 28, ,106 58, ,069 5,537 6,526 1, ,061 2,994 1,050 1, ,414 34, ,682 61, ,850

328 3 26,665 78,823 50,335 82, ,759 4,893 17, ,524 2,493 5, , , ,106 58, ,069 1,678,00037,710,0009,907,00027,336, ,165 32,853 7,743 25, ,857 2,164 1,640 1,678 37,710 9,907 27,336

329 ,204 2,504 8,835 8,191 4,305 2,759 9,006 8,325 4,296 2,752 8,985 8, ,305 2,759 9,006 8, , ,

330 19 (i) 12, ,355 (ii) 4,929 4,929 (iii) 2,184 2,184 17,681 2,787 20,468 17,681 2,787 20,468 (ii) 5,898 5,898 (iii) 4,031 4,031 23,579 6,818 30,397 23,579 6,818 30,397 (ii) 3,310 3,310 (iii) 4,925 4,925 26,889 11,743 38,632 26,889 11,743 38,632

331 23,579 6,818 30,397 (ii) 3,003 3,003 26,582 6,818 33,400 (i) (ii) (iii) 10% 50% 25% (iv)

332 20 4,810 1,023 25,000 58,000 46,000 63,000 7,000 7,000 6,000 3,342 3,789 3,333 32,000 68,342 49,789 72,333 32,000 73,152 50,812 72,333 (a) 6,434,000 17,119,00023,807,00023,554,000 33,702,00051,294,00060,435,000 59,384,0003,282,000 27(a)(iii) 8.50%8.01% 7.73% 5.58%

333 (b) ,178 4,178 3, ,222 1, ,400 5,224 3,491 (1,248) (412) (158) 8,152 4,812 3, ,342 3,789 3, ,810 1,023 8,152 4,812 3, % 14,194,000 13,392,00012,918,000

334 21 (a) 5,686 24,403 7,665 19,715 1,093 1,433 2, ,089 3,998 16,872 20, ,197 7,295 2,982 2,296 5,582 8,812 11,366 11, ,496 2,581 1,299 31,367 64,259 32,708 38, ,069 13,277 6,596 17, , , ,686 24,403 7,665 19,715

335 (b) 3,584 4, (6) (26) (28) (12) (11)

336 23 12 (306) (647) (447) (424) 12 1,402 2,202 2,418 2,332 1,096 1,555 1,971 1, (581) (697) (112) (227) 1,096 1,555 1,859 1, ,096 1,555 1,555 1, , (178) 1,096 1,555 1,859 1,576 1,681

337 ,395 1, ,395 1,659 (6) ,203 2,656 (6) ,884 3,502 (3) 46 (100) (57) ,784 3,445

338 ,101 (9) ,426 1,643 (4) ,551 1,764 22,762 57, , ,938 2,276 5,757 10,189 13,194

339 24 (a) 27,172 52,481 61,668 26,644 37, ,725 4,849 5,366 2,651 2, (6) (26) (28) (12) (11) ,731 5,427 2,967 2,189 (18,454) 7,355 (10,216) (2,054) (12,513) (28,282) (91,980) 66,052 74,789 (48,227) (265) 28,943 (10,883) (2,913) 5,964 (16,215) 7, , ,325 (12,692) (b) (218) 151

340 25 136, , ,010 27

341 (a) (i) 83,670 84,185 17, (ii) (39,571) (103,362) (71,071) (70,106) (iii) 17,000,000 20(a) 20,000,000 20(a) 36,000,000 20(a) 48,000,000 20(a)

342 (b) (c) 72,390 53,

343 30 (a) (i) (i)

344 (b) III

345 A ,169 75, , , , , (1) 163,169,000

346 (2) (3) 720,000,000 (4) (5)

347 B. II-1II-2 II-1II

348 1 4.29(7)

349 (a) (b) (c) 4.29(1)

350 16

351 12

352

353 MScMHKIS 29

354 % 1. 62,000, ,000, ,000, ,000, ,000, ,000,000

355 1. 85,024 62,000, % 62,000,000 (1) 47, , , , , ,770

356 (1) 22 (2) 85,024 (2015)049 46,077 (2016)016 38,947 (3) 47, , G-20 24, G-23 (4) ,000,000 (5) 100% (6) (i) (ii) 85,02447, (7)

357 2. 35,182 41,000, % 41,000,000 23, , , , , , ,982.35

358 (1) 35,182 (2013)66 21,509 (2014)32 13,673 (2) 23, , G-29 11, G-017 (3) ,000,000 (4) 100% (5) (i) (ii) 35,18223, (6)

359 (a) 27(2) (b) 2. (a) (i) (ii)

360 (iii) (i) (ii) (iii) (iv) (v) (iv)

361 (30) (v) (vi) (vii) (20%)

362 (14) (20%) (b) (i)

363 (aa) (bb) (cc) (6) (dd) (ee) (ff)

364 (ii) (a) (b) (iii) (iv)

365 (v) (vi)

366 (vii) 622 (viii) (aa)

367 (bb) (cc) (dd) (ee) (c) (d) (e) (i)

368 (15) (ii)

369 (iii) (15)(18) (iv) (21)(20) (14)(10) (aa) (bb) (cc) (dd) (ee)

370 (ff) (20%) (gg) (v) (vi) (f)

371 (21) (g) (i) (ii)

372 (a) (b)

373 (h) (2) (i) 3(f) (j) (i) (ii)

374 (k) 3. (a) (b) (a)(b) (c)37(d) (e)

375 (c) (d)

376 (e) (f) (a)(b) (c) (a)(b) (c) (d)

377 (g) (h) (i) (ii)(iii) (i) (j) 6 (1) (2)

378 (k) (l) (m) (n)

379 (o) (60) (p) (a)(b)(c) 21

380 (q) (75%) (r) (4) (90%)(4)(2) (1) (s) 4. Conyers Dill & Pearman

381 A ,00010,000, ,9992,200 1,5001,2001, ,0002,2001,5001,2001, ,498(22.49%) 2,570(12.85%) 1,928(9.64%)

382 1,542(7.71%) 900(4.50%) 1,156(5.78%) 2,500(12.50%) 2,371(11.855%) 1,280(6.40%) 1,255(6.275%) 990,000,000100,00010,000, ,000,0001,000,000, ,200, ,000,000280,000, (a) (b) (c) 990,000,000100,000 10,000,000 (i) (ii)

383 (iii) (i) (ii) (iii) D. 1. (iv) 5,399, ,980,000 (d) 20%

384 (e) 10% (f) (d) (e) 4. 5.

385 6. (a) (i) 10% (ii) (iii) 10% 30 5%

386 (iv) (v) (1) (2) (vi) 30 (vii)

387 (b) (c) (d)

388 26 B. 1. (a) 20,480, % (b) (c)

389 2. (a) (i)

390

391

392 (b) ZL ZL ZL ZL ZL ZL (c) meisem.com dasenen.com msdscn.com

393 C. 1. (a) XV XV ,449, % 218,599, % 1 340,048, % 52,056, % 287,992, % 1 340,048, %

394 2 340,048, % 24,300, % 315,748, % 1 340,048, % (1) (2) (b) 132, , ,000 96,000

395 60,000Lin Triomphe Zheng 120, XV2 3 10% 69,393, % 270,655, % 1 340,048, % 41,637, % 298,411, % 1 340,048, %

396 31,212, % 308,836, % 1 340,048, % 2 67,500, % 67,500, % 3 64,008, % 64,008, % (1) (2) (3) 3.

397 4. (a) XV (b) D.7. (c) (d) (e) XV23 10% (f) D.7.

398 (g) 5% (h) D. 1. (a) (b) (i) (ii) (b) (e) (i) (ii) (iii)

399 1.00 (c) 10%72,000,000 (i) 10% (ii) 10% 17.02(2)(d)17.02(4) 30% 30% (q)

400 (d) 12 1% 1% (i) 17.03(4)17.06 (ii) (e) (i) (ii) (iii)

401 (f) (i) 0.1% (ii) 5 (i) (ii) (iii) 17.02(2)(c)(d)17.02(4) (iv) 2.17

402 (g) (i) (ii) (h) (i) (j)

403 (k) (i) (l) (ii) (l) (m) 14 (n)

404 (o) (p) (q) 17.03(13)

405 (r) (i) (ii) (k)(l)(m)(n)(o) (iii) (o) (iv) (n) (v) (vi) (h) (t) (s) (i) 17.03

406 (ii) (t) (h) (u) (v) (w) (i) (ii) (iii)

407 (iv) (x) (y) 72,000, (b) (a) (b) ,000

408 Conyers Dill & Pearman A44B 9. (a) i.

409 ii. iii. iv. v. vi. (b) D.7. (c) (d) (e) Codan Trust Company (Cayman) Limited (f) (g) (h)

410 10. 32L A

411 (a) (b) D. 7. (c) B (a) (b) (c) (d) (e) (f) Conyers Dill & Pearman (g) (h) B. 1.

412 (i) D. 7. (j) C. 1. (b) (k) (l)

413

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