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1 股 份 代 號 272 STRATEGIC REACHING NEW HORIZONS 策 略 增 長 續 創 佳 績 瑞 安 房 地 產 有 限 公 司 二 零 零 七 年 度 年 報

2 策 略 增 長 續 創 佳 績 2008

3

4 , MSCI MSCI 2

5 3

6 ,689 4,615 4,570 4,729 4,191 4,180 4,085 4, ,755 3,065 2,685 3,140* 2,526 1,118 2,462 1,146 ** 2,114 1,499 2,060 1, ,697 5,654 29,879 26,035 15,878 13, *** 20% 5% * ** ***

7 % 12% 11% 22% 27% 1% 86% 27% % ,018 4,729 4, ,756 5% 20% 18,629 26,035 29,879 13,952 15,878 54% , , *** %

8 8 6

9 7

10 8

11 9

12 10

13 11

14 12

15 13

16 14

17 15

18 16

19 * 6 *

20 ,310 1, %

21

22 20

23 ? 8 1,

24 ARC Gold Award (Overall Annual Report Property)

25 World Traveller Media 2007 Best Boutique Hotel AAA 2006 AAA 23

26 大 連 重 慶 武 漢 杭 州 上 海 雲 南 ( 新 項 目 ) 佛 山 24 瑞 安 房 地 產 有 限 公 司

27

28

29

30

31 二 零 零 七 年 度 年 報 25

32 26

33 7% 1% % 33% 44% , , ,000 79,000 15,000 85% 1,175,000 1 (1) 175,000 (2)

34 28

35 194 57, , , , ,

36 2 30

37 186, , , , % 1% 7% 82% ,046, , ,000 7,000 1,270,000 1 (1) 186,000 (2) 31

38 32

39 KIC % 1% 8% 35% % 183, , ,000 44,000 3, ,000 1 (1) 37,000 21,000 (2)

40 34

41 520, , ,000 1R1 86,

42 36

43 46, % , LEED-CS 1 37

44 38

45 280 15, , , % 3% <1% 54% 28% 1,526, , ,000 91,000 9,000 2,848,000 (1) 39

46 40

47 A B 140 A , , ,300A A % 5% 1% 1 53% 23% (1) 29,000 (2) 748, , ,000 67,000 7,000 1,399,

48 42

49 % 20% 31% % 1,110,000 1,542, , ,000 3,541,000 (1) 43

50 44

51 517, % % 14% 1 50% 1 31% 727, , ,000 80,000 1,458,000 (1) 45

52 70% ,

53 (UNESCO) , , ,

54 , ,729 3% % 11% 2, % ,146 2, % ,536 48

55 ,609 25%116 49% Trophy Property Development, L.P.Trophy Fund Trophy Fund % (i) W1-A W2-A ,

56 ,000 48% (ii) % , A ,500, ,000 1,200, ,500,

57 , R B1-1/ , B2-1/ B3/ A9 29, ,000 2A7 39, A6 A8 A A4-1 A4-2A W2-B W3-A W3-B W1-A W2-A 1,765, D ,000 25,000 75,

58 ,000 25, % , , % R2 43,000 31, %* R3 76, %* , %* B1-1/01 B2-1/01 107, ,000 92, % A9 30, % A6 A7 A8 A10 A11 A12 B2 B5 39,000 86, , % 100, % 30, , , ,000 * 70%86.8% , % ,000 13, % R2 4,000 1, %* , %* 2 60, %* 2 30, % B1-1/01 B3/01 B2-1/01 5,000 55,000 6, % A4 A5 12,000 11,000 20,000 68, % 250, % 90, % 12,000 20, , ,000 41, ,000 12,000 20, , ,000 ** 17, ,000 12,000 20, , ,000 * 70%86.8% ** 52

59 138,000 4, ,000 4, % R1 8-39, R1 44, , % ,000 17% 2007 A930, , , , , ,000 54, % R1 54,000 18, %* A9 ( 29,000 13, % ,000 16, % 138,000 * 70%86.8% ,000 R i , ii B1-1/01 107, iiia7 39,

60 % , % ,000 * 5,000 46,000 6,000 57, % 76,000 7,000 83, % 2 28,000 28, % R1 8,000 7,000 15, %** 1 29,000 23,000 52, %** 1 5,000 1,000 6, % 12,000 12, % , ,000 7, , , ,000 7, ,000 * ** 70%86.8% ,000440,000902, % 3% % % % , R R1 30% 180% 1 54

61 112, % B1-1/01 B3/0156, % 94% 94% 98% 2 99% 86% R1 33% 9% 1 81% 18% 1 100% 98% 57%

62 20072, % ,146 3%4, , , , , , % R1 2, ,140 59% %

63 2006 R % % R A % , %2, ,

64 %3, , % ,145 41% % 33%25% % , % ,146 (i) (ii) 2,462 1, % (419) (87) (23) i ii 2,060 1, % , ,405 % 58

65 , ,47716, , , , ,915 2,667 2,667 7,072 4, , , , , % % % % , , , ,663 3,843 54% ,065 59

66 ,510 1, , ,

67 (i) (ii) 88 61

68

69 63

70 ,000 7, , , ,000 5, % 5, ,000 10,000 9,000 A9 1,000 1, % 1,000 R1 12,000 12, % ** 11,000 1,000 1,000 1, ,000 13,000 23, , , ,000 80,000 3, , , % * 352, , ,000 2,000 53, , % 294,000 49,000 74,000 3,000 99, , % ** 195,000 46,000 27,000 73, % 73,000 46, ,000 26, , , % 394,000 27,000 39,000 7,000 62, , % 101, , ,000 41, ,000 1,581,000 1,409,000 64

71 345, ,000 57, , % * 608, , ,000 13, , % 812, , ,000 5, , % ** 227,000 1,251,000 1,216, ,000 3,100, % 2,461, , ,000 87,000 1,371, % 1,028,000 2,246,000 1,110, ,000 3,541, % *** 1,700, , ,000 42,000 1,500, % 1,500,000 5,481,000 4,749,000 1,022,000 11,252,000 8,336,000 6,083,000 5,484,000 64,000 1,484,000 13,115,000 10,010,000 * 99% % 50%116 ** 70% 86.8% *** 3,541, ,765,00051,776,

72 66

73 67

74

75

76

77 A (3) A

78 4/4 [ ] 1/2 4/4 2/4 2/4 4/4 4/4 4/4 4/4 4/ A

79 A

80 ( ) 1/1 0/1 1/

81

82 ,000,000 7,000,000 13,000,000

83

84 78

85 ,000 2,500 IT

86 IDSF

87

88 (USGBC) (LEED) 2006 LEED LEED Commercial Interiors (CI) 82

89 LEED-(LEED- Commercial Interiors) LEED- 1. LEED- (LEED-Neighborhood Development) 2. LEED- 3. LEED- 4. LEED LEED-(LEED- Core & Shell) 2. LEED- 3. LEED /127 LEED LEED- low-e 83

90 AAA 2A 84

91

92 董 事 及 高 級 管 理 人 員 履 歷 董 事 會 瑞 安 房 地 產 有 限 公 司

93 HSBC Corporate Finance Limited 2002 HSBC Markets (Asia) Limited Bristol University of the West of England 二 零 零 七 年 度 年 報 87

94 董 事 及 高 級 管 理 人 員 履 歷 HSBC Holdings plc Vodafone Group Plc A. P. Moller Maersk Memorial Sloan-Kettering Cancer Centre 瑞 安 房 地 產 有 限 公 司

95 HSBC Holdings plc VTech Holdings Limited Washington Society of Certified Public Accountants Hong Kong Academic Accounting Association Exponent, Inc. NASDAQ EXPO Exponent, Inc Exponent, Inc National Science Foundation HSBC Holdings plc HSBC Private Banking Holdings (Suisse) SA The Bank of Bermuda Limited 二 零 零 七 年 度 年 報 89

96 董 事 及 高 級 管 理 人 員 履 歷 高 級 管 理 人 員 Shui On Company Limited Sun Cruises University of Aston Royal Institute of British Architects Royal Australian Institute of Architects Vision Century Corporation Limited SunCorp Technologies Limited 90 瑞 安 房 地 產 有 限 公 司

97 University of Minnesota American Institute of Architects American Planning Association Urban Land Institute Royal Institution of Chartered Surveyors Reading University The City University West Coast Institute of Management & Technology 二 零 零 七 年 度 年 報 91

98 , ,

99 XV (i)xv7 8 (ii) 352(iii) (a) (i) 2 2,257,993, % 200,000 5,000, % 3,700, % 500, % 500, % 500, % 500, % 500, % 500, % (1) Shui On Company LimitedSOCLNew Rainbow Investments Limited SOCL Bosrich Unit TrustBosrich Unit Trust Bosrich Holdings Inc. Bosrich Unit Trust HSBC International Trustee Limited Bosrich Holdings Inc. HSBC International Trustee Limited New Rainbow Investments Limited (2) 93

100 (b) (i) 181,981, % 682, % (1) SOCL 181,981,000SOCL SOCL Shui On Finance Company Limited 166,148,00015,833,000SOCL Bosrich Unit TrustBosrich Unit Trust Bosrich Holdings Inc. Bosrich Unit Trust (ii) 1,600, % (1) SOCL 50% SOCL

101 HSBC International Trustee Limited 2,257,993, % Bosrich Holdings Inc. 2,257,993, % SOCL 2,257,993, % 526,279, % (1) 2,257,993,225SOCLNew Rainbow Investments LimitedNRI 940,000,000791,713,261526,279,964SOCL Bosrich Unit TrustBosrich Unit Trust Bosrich Holdings Inc. Bosrich Unit Trust HSBC International Trustee Limited Bosrich Holdings Inc. HSBC International Trustee Limited (2) NRI (3)

102 ,000,000 5,000, , , , , , , ,000 (500,000) , , , , , , ,500,000 (500,000) 8,000, ,000,000 1,000, , , ,500,000 1,500, ,888,190 (8,721,392) 128,166, ,636,903 (201,710) 1,435, ,222,500 (22,500) 5,200, ,550,064 (44,566) 4,505, ,601,700 1,601, ,899,357 (8,990,168) 140,909, ,899,357 (500,000) (8,990,168) 150,409,189 96

103 (i) (ii) (iii) 10%30% ,009,717 (iv) 12 1% (v) (vi) (vii) (i)(ii) (iii) (viii)

104 A 14A (1) % 30% % 0.9% 3% 14A.34(1) 2.5% 14A.45 14A.47 98

105 (2) SOCL SOCL SOCL SOCL SOCL SOCL 80% SOCL Shui On Centre Co. Ltd.SOCL SOCL SOCL (3) 99

106 (4) Profitstock Holdings Limited Globe State Properties Limited Profitstock Holdings Limited70% Globe State Properties Limited70% Profitstock Holdings Limited Globe State Properties Limited Profitstock Holdings Limited Globe State Properties Limited Profitstock Holdings Limited Globe State Properties Limited412 Profitstock Holdings Limited Globe State Properties Limited

107 Profitstock Holdings Limited 30% 14A.11(4)(c) 2 Profitstock Holdings Limited Globe State Properties Limited (5) % % Profitstock Holdings LimitedProfitstock Holdings Limited 70%370 (4) Profitstock Holdings Limited 30% 14A.11(4)(c) 2 Profitstock Holdings Limited99% 14A.3715 (i) (ii) (iii) 14A

108 (a) (b) (c) SOCL % 102

109 % % % 5%

110

111

112 ,570 4,729 (1,885) (1,589) 2,685 3, (114) (150) (543) (335) 7 (13) (658) 8 2,284 2, (125) (118) 3,687 2, (820) (1,145) 2,867 1,640 2,462 1, ,867 1,

113 ,994 6, ,325 3, ,734 1, ,023 12, ,281 4, , ,477 1, ,843 4,452 13,856 13, ,768 1, , , ,514 1, ,828 3,829 5,028 9,816 21,051 22,

114 ,794 13,868 15,878 13, ,213 16,706 15, , ,891 2, ,361 2, ,345 7,041 21,051 22,

115 (a)31(b) 31(c) , (424) ,749 4, , (40) (40) (40) (7) (7) (7) 37 (7) ,146 1, , (5) 1,146 1, , ,433 4,449 4,449 43(a) (b) 6 (6) ,507 (423) 3,108 3, (145) (145) (145) (c)(iii) 99 (99)) (b) , (401) 69 (5) 603 2,796 13,952 1,213 15,165 (30) (30) (9) (39) (316) (316) (316) (30) (316) (346) (9) (355) 2,462 2, , (30) (79) 2,462 2, , (1) (22) (22) (807) (829) 31(b) (458) (458) (458) , (411) (84) 603 4,800 15, ,

116 ,687 2, (31) (26) (1) (845) (582) (80) (208) (96) (577) (145) (1) (1) ,215 2,603 (1,476) (491) 1,765 1, (186) 2,741 3,479 (312) (215) 2,429 3,

117 (44) (52) 2 (9) (105) (1,100) (1,195) (2,222) (2,620) (1,037) (1) (10) 35 (870) (794) (13) (227) (3,851) (4,300) 4 4,304 (16) 3 (1) ,989 3,476 (2,183) (3,611) (398) (616) (458) (51) 3,561 (1,473) 2,525 4,452 1,989 (136) (62) 2,843 4,452 2,843 4,

118 Shui On Company Limited 48 2 ()

119

120

121 3 115

122

123 3. 117

124

125 3. (i) 37 (ii)

126

127 3. 10% 121

128

129 ,085 4, ,570 4,

130 , ,570 2, , (125) (422) 3,687 (820) 2, , , ,394 8, , ,083 29,879 (1,445) (215) (3) (1,663) (11,510) (13,173) 124

131 , ,729 2, (9) 3, (118) (500) (314) 2,785 (1,145) 1, , , ,306 6, , ,222 26,035 (1,302) (173) (3) (1,478) (9,392) (10,870) 125

132 % (e)

133 (1) (99) (117) (82) (64) ,790 1, (e) (e) (e) (e) (96) (358) (643) (23) (9) (78) % % 127

134 (343) (54) ,145 33% %25% ,687 2,785 33% 1, (74) (58) (9) (349) (252) (4) (3) (343) ,

135 (a) 2, ,868 11,397 7,036 7,798 14,834 6,110 (b) (c) (b) (b) (b) (b) (b) (d) 6,687 (d) 3, ,522 9,808 7, ,224 28, ,378 15,288 11, ,736 (a) (b) (c) (d)

136 ,000,001 4,500, ,000,001 6,500, ,500,001 7,000, ,000,001 9,500,

137 ,462 1, ,462 1, ,185 2,405 1,003 43(b) ,200 3, (a) ((a)) (a) (b)

138 ,205 5, , ,994 6,

139 (25) (25) (7) (7) (19) (19) (22) (22) (2) (2) (16) (16) ,710 2,664 1,100 1, (385) (31) 8 (100) (118) 4,325 3,

140 ,760 1,127 4,749 5, ,887 2, (818) (47) (291) (3,195) (64) 1,734 1,760 6,281 4, , , , (2,126) (4)

141 i 50% 25% (ii) 61.54% BVI 48% 48% 48% 48% 48% 48% (i) (ii) 43(d) % 5.4% 135

142 (11) (11) Crystal Jade Food and Beverage (Hangzhou) Limited 50% a (9) (2) b 1, (b)(v) 1, ,477 1,

143 20. (i) (ii)

144 (a) (i) (ii) % (iii) % (iv) % (b) 8% FieldcityInvestmentsLimited PortspinLimited 36(a) (b) ScoreHighLimited36(d) 8% % 1.7% % 5.0%0.7% 1.7% % 5.1% % %

145 % 20065% Shui On Development (Holding) Limited 1,750 A2,000 B A 100,000 1,071 B 100,0001,000 (a) (b) (c) (d) 8.5%

146 % % % (a) (b) (c) (g)X 4.01(k) 0.01 Y 4.01(k) (a) 12 (b) (c)

147 , (6) 3,013 (109) (6) (115) (238) (238) (23) 334 (583) (583) ,762 (29) 2,733 (182) 1 (181) (242) (242) ,667 (11) 2, JP Morgan Chase Bank, N.A.JP Morgan Bank Luxembourg S.A ,370, ,768 1,

148 ,514 1, ,149 1, ,405 3,715 (1,514) (1,683) 2,891 2, % 100% 1, % ,235 1, % 2.75% 3,170 2,183 4,405 3, % % % 5.8% 4.9% 4.7%

149 % %2, , % % 3752, ,000,000, ,000,000,000 10,000 1,747,466,668 4, ,000,000,000 20,000 a 145,009, b 671,874,600 1, ,229,642,644 3, ,370, (a) (b) 283,733, ,000,000,000 30,000 4,185,097,171 10, , ,000,000,000 30,000 4,185,597,171 10,

150 (a) HSBC Securities Investments (Asia) Limited ,009, ,000,000 (b) ,000, ,874, (a) (i) (ii) (iii) (b) (c) (i) (ii) (iii) Shui On Company Limited % %

151 ,127 (38) 26 1, (24) 721 (3) ,175 (62) ,053 (66) (285) 9 14 (15) (343) 20 (757) 10 (727) (5) ,034 (24) , (89) (4) 1,361 2,057 1,272 2,

152 ,000, ,000, ,000,000 2,200 1,800 4,000 (220,000,000) (180,000,000) (400,000,000) (2,200) (1,800) (4,000) ,000, ,000, ,000,000 1,810 1,481 3,291 (220,000,000) (180,000,000) (400,000,000) (1,810) (1,481) (3,291) ,000, ,115, ,462, ,197,180,

153 , ,297 (70) (70) (112) (112) (2,965) (423) (143) (3,531) (i) (a) (b) (ii) (a) (b) 43(a) (iii) (iv) 27.5% 147

154 (i) (a) (b) (c) , % 6 (i)(a) (i)(b) (ii) (a) (b) (c) , % 6 (ii)(a) (ii)(b) % (i) (ii) 7% (a) (b) 7.5% 7.5% 148

155 (a) % (b) (c) (i) (ii) B.22 3A.22 3A % (d) 27.5% Profitstock Holding Limited30% Equity Millennium Limited Shui On Development (Holding) Limited ( SOD ) SOD 70% Profitstock Holding Limited30%SODProfitstock 121 Profitstock 30%

156 Profitstock Holding Limited30% 80Profitstock Fieldcity Investments Limited 25% a 480 Portspin Limited 49% b 364 Score High Limited 19.8% d Bestwealth Holdings Limitedc (a) Fieldcity Investments Limited 25% SOD SOD Fieldcity Investments LimitedFieldcity 25% SOD Fieldcity 98( 746 1, (b) Portspin Limited 49% SOD (a) SOD Portspin Limited49%

157 36. (c) Bestwealth Holdings Limited (d)Bestwealth Holdings Limited (1) (1) 11 (7) 4 Bestwealth Holdings Limited (d) Score High Limited 19.8% SOD SOD Score High Limited9.9% SOD SOD Score High Limited 9.9% () 10% ,409,1893.6% 151

158 /7 2 1/7 3 1/7 4 1/7 5 1/7 6 1/7 1 1/ / / / / / % 45% % 4.68% 2.0% 2.5% 7 152

159 ,888,190 (500,000) (8,721,392) 137,666, ,636,903 (201,710) 1,435, ,222,500 (22,500) 5,200, ,550,064 (44,566) 4,505, ,601,700 1,601, ,899,357 (500,000) (8,990,168) 150,409,189 3,700, % 5% 10% , ,

160 % 3.75% % 3% % % % 8.25% 8.25% % % (5) (3) (20) 2 (75) (66) (6) (5) 154

161 (4) (2) (3) (66) (47) 4 2 (5) (3) (9) (13) (1) (2) (1) (2) 3 (1) (75) (66) ( ) 155

162 ,937 6, ,339 1, ,202 11,663 9, ,263 1,

163 41. (a) ,046 3, (b) (i) Shui On Company Limited 1%320,000 Shui On Company Limited (ii) (iii) (iv) (v) , ,

164 41. (c) (i) (ii) (iii) Shui On Company Limited (a) Shui On Company Limited ,000, ,204,000, Shui On Company Limited ,000,

165 43. (b) Rainbow Foresight Profits LimitedForesight Profits LimitedHollyfield Holdings Limited Rainbow Rainbow 130,000, ,000, RainbowRainbow Shui On Company Limited ,866, ,466, Rainbow ,933, ,733, Rainbow (c) 43(a)Shui On Company Limited (d) % 28.20% 10.26% 159

166 43. (e) (a) (b) % Smithton Limited Smithton ) Foresight Profits LimitedForesightForesight Smithton Silomax Silomax 100% Silomax 160

167 44. Foresight Smithton ForesightSmithton10% Foresight Smithton Smithton Silomax ,667 2,762 4,405 3,715 (854) (1,202) (2,843) (4,452) 3, ,706 15, % 5.4% 46. a ,769 7,583 (323) (7) (9,598) (8,287) 161

168 46. b ,463 (3,296) (2,342) 689 1,634 (3,063) (3,425) 5% 5% 5% 5% 5% 162

169 46. b (i) 138 (6) (ii) (iii) 15 (i) (ii) (iii)

170 46. b % ,418 1,418 1, % 1, , ,176 4, % 2,972 2,972 2, , , ,678 9,

171 46. b. % ,287 1,287 1, % 1, ,893 3,927 3, % 3,426 3,426 2, ,548 3,726 1,893 9,167 8, c. 165

172 ,237 1,237 8,121 6, ,683 9,384 10,156 (29) (29) 9,384 10, ,300 10,043 9,384 10, % BVI % % % Bondwise Profits Limited BVI % % Bright Power Enterprises Limited BVI % % Brixworth International Limited BVI % BVI % 166

173 % Chinalink Capital Limited BVI % % % ,000, % % % Costworth Investments Limited BVI % % Cybricity Limited % % % Excel Efficient Limited BVI % Fieldcity Investments Limited BVI % % Foresight Profits Limited BVI % Galore Profits Limited BVI % Global Ocean Investments Limited BVI % % 167

174 48. 1 Globe State Properties Limited BVI % BVI % % % ,400, % ,540, % BVI % Hollyfield Holdings Limited % Infoshore International Limited BVI % % BVI % BVI % Interchina International Limited BVI % % Keen Allied Investments Limited BVI % % % % % 168

175 % BVI % BVI % Marble Way Limited BVI % Modern Prosper Investments Limited BVI % % New Power Profits Limited BVI % BVI % % % % % % Portspin Limited BVI % % Profitstock Holdings Limited BVI % % % BVI % Score High Limited BVI , % 169

176 ,300,000 97% ,773,000 9,184,180 99% ,000,000 99% ,600,000 97% ,000,000 99% ,000, % ,500,000 50,551,600 99% ,050, % ,400,000,000 1,263,000,000 99% ,100,000 99% ,000 99% ,300,000 97% ,500,000 99% 170

177 ,900,000 97% ,000,000 52,552,388 99% ,500,000 70% Shui On Development (Holding) Limited % % Shui on Resort Community (Yunnan) Development Limited % BVI % % Shui On Secretaries & Nominees Limited % BVI % BVI % % BVI % % Sinothink Holdings Limited BVI % 171

178 % Smart Silver Limited BVI % % Timezone Management Limited BVI % BVI % BVI % % ,000, ,600,000 75% , % ,350, % 1. Shui On Development (Holding) Limited Shui On Development (Holding) Limited SYKIZ ,500,000 77,000, ,500,000 60,500,00077,000,000 8,470,00085,470,000 SYKIZ 70%16.8% 86.8%SYKIZ 30%16.8% 13.2% SYKIZ 172

179 49. (i) (ii)

180 ,039 1,018 4,729 4, ,146 2, , ,640 2, ,383 5,142 5,877 6,205 7, ,665 3,710 4,325 3,239 4,000 6,371 6,509 8, , , ,594 3, ,018 1,773 2,398 5,654 3,697 8,165 12,251 18,629 26,035 29,879 4,855 3,040 5,146 3,829 8,828 2,388 4,100 8,421 7,041 4,345 7,243 7,140 13,567 10,870 13, ,111 5,062 15,165 16, ,519 4,756 13,952 15, , ,111 5,062 15,165 16,

181 J.P. Morgan Securities (Asia Pacific) Limited Walker House 87 Mary Street, George Town Grand Cayman KY Cayman Islands Butterfield Fund Services (Cayman) Limited Butterfield House, 68 Fort Street P. O. Box 705, George Town Grand Cayman, Cayman Islands

182 Integrity Dedication Innovation Excellence

183 CONCEPT DESIGN AND PRODUCTION : YELLOW CREATIVE (HK) LIMITED

184

JP Shui On Company Limited HSBC Corporate Finance Limited2002HSBC Markets (Asia) Limited

JP Shui On Company Limited HSBC Corporate Finance Limited2002HSBC Markets (Asia) Limited 10 3 7 58 53 54 65 52 62 57 Gary C. Biddle 54 Roger L. McCarthy 57 60 GBS JP 58 2004 2 1971 1999 62004 12 1998 1999 2001 20022002 JP 53 2004 2 2006 6 1 Shui On Company Limited 13 2003 112006 5 54 2005

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