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1

2

3 IP 14, PCW

4 1 ( IP ) 2007 IP now I.T / * 61* * now (BLOOMBERG TELEVISION) HBO Signature BS Telecom Asia2005 Telecom Asia Awards Best Broadband Carrier 6 SUNDAY Communications Limited ( SUNDAY ) SUNDAY 3G G

5 2005 Frost & Sullivan2005 Computerworld Hong Kong Awards 2005 Computerworld 7 now 40HBO STAR Group HBO STAR Group CNN Headline News EuroNews nowpromax & BDA World Gold Award World Silver AwardPROMAX & BDA 60 4,200 9 now Channel [V] Channel [V]Channel [V] True Corporation (IPTV) IPTV 10 PCCW Global nownow Ticketing UA now MOVIE CLUB Great Eastern Telecommunications Limited Great Eastern Telecommunications Limited 11 now50 IPTV now PCCW Global Gartner DataQuest PCCW Global 2005/2006 Best Practice Management Group Best Practice Award 2005 (2005) PCCW Convergence IT Square 2005 PCCW Convergence SUNDAY IPTV

6 () 3 22,499 23,002 (2)% (10,467) (10,531) 1% (8,052) (8,384) 4% (52) (91) (1,701) (1,961) 13% (4) (16) 2,970 2,575 15% (1,103) (999) 1,867 1,576 18% 1,595 1, % EBITDA 2 6,650 6,566 1% ,486 26,274 26% % 68% 0% 69% 69% 0% 66% 67% (1)% 2,564 2,567 0% 1,164 1,144 2% 1,400 1,423 (2)% % now % %

7 2005 now SUNDAY Communications Limited now now now G

8 2005 SUNDAY now 2005 now EBITDA now now2005 IPTV 7 HBO STAR Group nowstar World CNN International

9 now now TVB now nownow now 24 nownow SUNDAY G 3G G 20063G 2G SUNDAY G SUNDAY70.2 PCCW Solutions)2006 1PCCW Solutions IPTV SUNDAY 3G 3G

10 now IPTV now IPTV IPTV 3G 3G PCCW Solutions (PCCW Teleservices)

11 SUNDAY G 3G

12

13 2005now ( 21 ) Gartner DataQuest IP2007 IP IP 2005 IP

14 PCCW Convergence PCCW Convergence PCCW Convergence 40 IT Square 2005 PCCW Convergence IP 2005 IP IP 2014 IMSIP 2006 now 8 Mbit 2005IDD IDD 0060 IDD 6SUNDAY G 3G 3G 3G

15

16

17 GPRS3G WAP nowtvb 3G now now now now STAR HBO now 2005 nownow Ticketing nowua now 15 now2006 now MOVIE CLUB now MOVIE CLUB now now (BLOOMBERG TELEVISION) CNN Headline News BoomerangEuroNews Channel [V]Channel [V]Channel [V]

18 2006 now TVB TVB now now G 3G now 8nowPROMAX & BDA World Gold Award World Silver AwardPROMAX & BDA60 4, Love Music 20063G 2005 Frost & Sullivan IT Telecom Asia2005 Telecom Asia Awards Best Broadband Carrier IT Square 2005 Yahoo! 2005 BS Wi-Fi 350Wi-Fi Wi-Fi now.com.hk now.com.hk now now.com.hk 2006now.com.hk now.com.hkavatar

19

20 i.shop TNS 3,

21 ) PCCW Global BtN Access, Inc. PCCW PCCW Global FTSE4Good Global Index 2005 True CorporationIPTV IPTV

22 IPTV IPTV Best Practice Management Group Best Practice in Outsourcing Award Q(Q-Mark Scheme Quality Services License) (Quality Improvement Team) (Best Vote-canvassing Award) Gartner DataQuest 1, BS TL 9000 BS ,000 5, Frost & Sullivan (Call Centre Council of Singapore) Customer Interaction Solutions Customer Interaction Solutions (Interactive Outbound category)(interactive Inbound)

23 FTNS

24 IP 2005 IPIP IDD 2004 IPIP IP IP IP 2005 SUNDAYCSL

25 (GFMIS) 20 (LAFIS) 5,

26 2005 2, Google International Association of Printing House Craftsmen Gold Ink Award Superb Printing Award 2,

27 PCCW GLOBAL BtN Access, Inc. PCCW Global PCCW Global PCCW Global PCCW Global PCCW Global PCCW Global PCCW Global PBX IPPCCW Global IP PCCW Global IP-VPN MPLS (VPN)(GIA) PCCW Global Gartner PCCW Global

28 BtNAccess BtNAccess, Inc.Beyond the Network Corporate Access 2003IP PCCW Global BtNAccess (PBX) (MPLS) IP BtNAccessVSAT BtN Access PCCW Global Telstra Corporation Limited ( Telstra ) Telegeography 4 Telstra Gartner IP NetconfigsIP Gartner DataQuest

29 UK BROADBAND UK Broadband Limited now ( Thames Valley now 256Kbps 512Kbps 1Mbps now 2005UK Broadband UK Broadband now

30 INSEAD , ,

31 Six Thinking Hats Little Moments, Big Magic (EAI) IP () 2005 IT IP 3. 2,000 ITIT BEA 8.1 Check PointOracle (PMP) PRINCE2 Sun BEATIBCO

32 FTSE4Good Global Index ,

33 311,693 2, ,703 27,

34

35 Occidental Petroleum Corporation 1983Schlumberger Limited 1989Vestey Group 1992 Bousteadco Singapore Limited 1995Morgan Grenfell Investment Management (Asia) Limited SUNDAY Communications Limited

36 University College Pritchard Englefield & Tobin (Flinders University) 1987 KBE, LVO Royal College of Defence Studies

37

38 CapitaLand Limited (APEC) 2003 GBS, OBE, JP CBE, LLD, JP 82 Vision 2047 Foundation Hollinger International Inc Chubb Corporation

39

40 /5 1/2 5/5 1 5/5 2/2 5/5 5/5 5/5 5/5 2 3/3 5/5 3 1/3 0/1 4 3/3 2/2 5/5 4/4 2/5 1/5 2/4 2/2 1/3 5/5 4/4 2/2 3/3 5 5/5 4/4 2/2 6 5/5 2/2 3/

41 A.4.1 A.4.2 A.4.1 A.4.2 D

42 20-F Sarbanes-OxleySO (i) (ii) 2005 (iii) (iv) (v)

43 (i) (ii) China Netcom Corporation (BVI) Limited (iii) (iv) (v) (vi) (i) (ii) 20-F F (iii) 20-F20-F20-F (iv) 2005 (v) (vi) (vii)so (viii) (ix) (x)

44 ,600(2004 1,400)1,300(2004 1,400) SO SO SO SO (

45 21 E

46 now now now ESPN Satellite Television Asian Region Limited (STAR) HBO Pacific Partners (HBO) TVB now TVB now SUNDAY Communications LimitedSUNDAY EBITDA EBITDASUNDAY 2005 SUNDAY EBITDA

47 SUNDAY G 11 3G 3G ,497 8,434 15,931 7,549 7,785 15,334 4% 1 1,323 1,131 2,454 1,312 1,389 2,701 (9)% 3,352 1,802 5,154 2,321 3,542 5,863 (12)% 3,179 1,642 4,821 2,096 3,319 5,415 (11)% (26)% (16)% (631) (721) (1,352) (597) (671) (1,268) (7)% 11,701 10,798 22,499 10,779 12,223 23,002 (2)% (5,893) (4,574) (10,467) (4,536) (5,995) (10,531) 1% (2,571) (2,811) (5,382) (3,065) (2,840) (5,905) 9% EBITDA 2 4 3,335 3,445 6,780 3,347 3,491 6,838 (1)% (65)% (10)% (2)% (29)% (447) (412) (859) (599) (535) (1,134) 24% EBITDA 3,237 3,413 6,650 3,178 3,388 6,566 1% EBITDA 28% 32% 30% 29% 28% 29% 1% EBITDA 35% 34% 35% 34% 34% 34% 1%

48 ,514 2,564 2,662 2,567 0% 1,127 1,164 1,175 1,144 2% 1,387 1,400 1,487 1,423 (2)% 5 67% 68% 70% 68% 0% 68% 69% 71% 69% 0% 65% 66% 70% 67% (1)% % now % % % % (11)% Gbps % IDD % IPLCMbps 6,503 10,175 4,822 6,020 69% 1 2 EBITDA EBITDA EBITDA EBITDASUNDAY EBITDA2, IDD

49 now SUNDAY SUNDAY ,462 2,400 4,862 2,739 2,671 5,410 (10)% 2,219 2,275 4,494 2,164 2,222 4,386 2% 1,167 1,166 2,333 1,176 1,209 2,385 (2)% 1,649 2,593 4,242 1,470 1,683 3,153 35% 7,497 8,434 15,931 7,549 7,785 15,334 4% (2,175) (2,757) (4,932) (2,006) (2,268) (4,274) (15)% (1,987) (2,232) (4,219) (2,196) (2,026) (4,222) 0% EBITDA 4 3,335 3,445 6,780 3,347 3,491 6,838 (1)% EBITDA 44% 41% 42.6% 44% 45% 44.6% (2)% EBITDA SUNDAY 44% 44% 44.1% 44% 45% 44.6% (0.5)%

50 now now 54.9 now LAN WAN IPLC IDD IPLC IDD PCCW Global 2005 SUNDAY SUNDAY SUNDAY JALECO Ltd.JALECO , JALECO

51 now SUNDAY ,677 2,996 11% (3)% 2,336 2,551 8% 5,382 5,905 9% 2,694 2,535 (6)% (24) (56) (57)% 8,052 8,384 4% SUNDAY 2005 EBITDA EBITDA 66.5EBITDA SUNDAY EBITDA EBITDA SUNDAYEBITDA JALECO 8(a) SUNDAY , ,

52 (b) SUNDAY SUNDAY SUNDAYSUNDAY SUNDAY SUNDAY SUNDAY Telstra Corporation Limited 5,400 5Telstra BBBBaa2 BBB SUNDAY REACH Ltd now IPUK Broadband IP 2006IP

53 , , Telstra Telstra ,522, ,

54 , ,248SUNDAY EBITDA

55

56 ( ( ( (f) ,600,000,

57 KBE, LVO GBS, OBE, JP CBE, LLD, JP 101A 101B 101C

58 XV 1. A. 36,295,600 1,746,122, ,000 1,783,097, % 1(a) 1(b) 1(c) 4,322,000 17,661,000 21,983, % 3 20,068,000 20,068, % 2 253,200 4,629,200 4,882, % 2 760,000 15,800,200 16,560, % 4 1,176,260 18,455 14,390,400 15,585, % , ,000,000 6,993, % 6(a) 6(b) 2 7,000,000 7,000, % 2 4,000,000 4,000, % 2 64,000 64, % 600, , %

59 1. A. 1. (a) Chiltonlink Limited Pacific Century Diversified LimitedPCD 2,548,600 Eisner Investments Limited33,747,000 Chiltonlink Limited Eisner Investments Limited (b) (i) (ii) 36,726,857Yue Shun Limited Yue Shun Limited 36,726,857 20,354,286 20,354,286 (iii) 1,526,094,301 Anglang Investments Limited Pacific Century Group (Cayman Islands) Limited Pacific Century International Limited Borsington Limited 1,526,094,301 (iv) 162,947,224PCD (c) 679,00067, (i)pcd 2,161,000 (ii)15,500, (i) 20200(ii) 15,800, (a) (b) B ,000,258 (a) 231,839, ,839,

60 1. B. (b) PCD1.(a)2,161, ,000,000 5,000, % 5,000,000 5,000, % XV

61 ,599, ,899, (i) (ii) (iii)

62 A (1) ,000,000 12,000, ,134,000 2,134, ,200,000 3,200, ,200,000 3,200, ,534,000 8,534, , , , , , , ,000,000 2,000, ,200,000 3,200, ,600,000 1,600, ,600,000 1,600, ,400,000 6,400, ,575,200 3,575, ,060, , ,060,000 1,060, ,695,200 5,695, ,000,000 5,000, ,000,000 2,000,

63 1. A (1) ,691,190 6,430, ,432,400 3,370, ,700 86, ,908,000 1,048, ,085,070 9,989, ,156,718 7,529, ,700 86, ,324,360 1,147, , , , ,700 86, , , , ,860,000 6,820, ,282,678 46,939, ,190, , , ,800, ,800, , ,200,000 1,200, ,000,000 4,000,

64 1. A (2) ,185, (3) ,460, , , ,095, , , , , , , , ,158, ,000,

65 1. B (1) ,500, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,099,

66 1. B (2) ,500, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,424, %

67 1. B (2) (cc)(iii) (3) (4) ,325, A (e) (e)

68 2. A (1) ,000,000 5,000, ,000,000 5,000, ,000,000 (2) (3) (4)

69 2. B. SUNDAY Communications LimitedSUNDAY SUNDAY SUNDAY 33(f) SUNDAY2002 SUNDAY 33(f)) 2000 SUNDAY2000 SUNDAY2000 SUNDAY 2000 SUNDAYSUNDAY 2002 SUNDAY SUNDAY 2000 SUNDAY SUNDAY (1) ) ,194, ,737, , ,442,198 (2) (3) ,632, , ,976, , ,929 99, ,233, ,

70 2. B. SUNDAY Communications LimitedSUNDAY 2002 SUNDAY 2002 SUNDAY (i) (ii) (iii) 5. (i) (ii) 6. (i) (ii) (iii) 7. (i) (ii) (iii) 8. (i) (ii)

71 ,526,773, % 2 1,547,127, % Star Ocean Ultimate Limited 3 1,547,127, % The Ocean Trust 3 1,547,127, % The Starlite Trust 3 1,547,127, % OS Holdings Limited 3 1,547,127, % Ocean Star Management Limited 3 1,547,127, % The Ocean Unit Trust 3 1,547,127, % The Starlite Unit Trust 3 1,547,127, % 4 1,343,571, % 5 231,839, % 5 231,839, % Star Ocean Ultimate Limited 5 231,839, % The Ocean Trust 5 231,839, % The Starlite Trust 5 231,839, % OS Holdings Limited 5 231,839, % Ocean Star Management Limited 5 231,839, % The Ocean Unit Trust 5 231,839, % The Starlite Unit Trust 5 231,839, % 1. 1,526,094,30167,900679, (i)20,354,286(ii) 1 Borsington Limited Pacific Century International Limited Pacific Century Group (Cayman Islands) Limited Anglang Investments Limited, Ocean Star Management LimitedThe Ocean Unit Trust The Starlite Unit TrustOcean Star Management LimitedOS Holdings LimitedThe Ocean Trust The Starlite Trust The Ocean Unit Trust The Starlite Unit TrustStar Ocean Ultimate LimitedThe Ocean Trust The Starlite Trust 4. China Netcom Corporation (BVI) Limited 5. Star Ocean Ultimate Limited The Ocean Trust The Starlite Trust OS Holdings Limited Ocean Star Management Limited The Ocean Unit Trust The Starlite Unit Trust

72 Ocean Star Investment Management Limited 1,547,127, % Ocean Star Investment Management Limited 231,839, % Ocean Star Investment Management Limited The Ocean Unit Trust The Starlite Unit Trust The Ocean Unit Trust The Starlite Unit Trust Ocean Star Investment Management Limited

73

74 8.10 Trend Mico Incorporated TCL

75 , ( A 1. Unihub Global Network Technology (China) Limited

76 1. (i)(ii) 14A A.45 14A (i) (ii) (iii) (i) (ii) (iii) (iv) China Netcom Corporation (BVI) LimitedChina Netcom (BVI) China Netcom (BVI) 14A (a)

77 2. (a) , ,000 45,445,914 24,554, ,271 14A.32 14A (b) ERP ERPERP ERP ERP ERP9,6079,149.5 (c) PCCW IMS China Development LimitedPCCW IMS China PCCW IMS China PCCW IMS China

78 2. (c) (d) A.14 (1) (2) (3) (i) (ii) 14A.35(1) (1) 8, ,000 (2) 29,912 61,000 (3) 127, ,

79 2. (d) (i) (ii) (iii) (i) (ii) (iii) (iv)

80

81 ,499 23,002 (10,467) (10,531) (8,052) (8,384) (52) (40) (51) (2,234) (2,018) 1 (4) (4) (16) 10 2,970 2,575 13(a) (1,103) (999) 7 1,867 1,576 1,595 1, ,867 1, ,

82 (6,716) 1,816 (4,900) 34 (52) (52) (1,005) (1,005) (7,559) 1,859 (5,700) 34 (438) (438) (7,997) 1,859 (6,138) 34 (11) , , ,894 7, (645) (645) (437) (437) (79) (79) (58) (58) ,122 2,

83 (7,839) 303 (7,536) (1,093) (1,093) (8,668) 303 (8,365) 34 (26) (26) 34 (254) (254) (16) (16) 34 (9) (9) 34 (16) (16) (268) 7 (261) 34 1, , (93) (93) 34 (52) (52) (32) (32) 1, , (295) (295) ,362 1, (40) (40) (11) (11) (7,559) 1,859 (5,700)

84 ,012 14, ,390 5, , ,935 6, , ,326 1, , (a) (b) 526 5(d) (a) ,574 31, , (a) 4,293 4,418 27(b) 1, ,382 1,762 27(c) (d) (c) (d) (d) (e) 2,056 1,639 39(d) 9,679 3,494 25,709 13,524 27(f) (6,500) (9,012) 30 (62) 27(g) (997) (932) 28(b) 30(c) (5,214) (6,632) 29 (5,299) (1,584) 5(d) (1,153) (366) 27(h) (11) (5) (2,269) (1,283) (855) (1,080) (22,360) (20,894) 3,349 (7,370) 30,923 24,

85 (22,857) (20,480) (11) (11) 35(a) (2,181) (2,312) 30(c) (860) (996) 32(a) (13) (317) 29 (1,435) (4,884) (3G) 36 (531) 28(b) 30(c) (303) (811) (28,191) (29,811) 2,732 (5,700) 31 1,681 1, (1,071) (8,903) 610 (7,559) 2,122 1,859 2,732 (5,700)

86 ,485 18,386 37(a) 3,621 5(c) 24 1, ,488 23, (a) 76,039 66, (d) 4, ,027 66,707 27(f) (461) 30 (15) (13) (80) 37(b) (67,508) (24) (24) (67,560) (565) 13,467 66,142 31,955 89,673 37(b) (67,508) 31,955 22, ,681 1, ,274 20,821 31,955 22,

87 (a) 4,639 5,103 2, (2,491) (1,972) (20) (43) 281 (1) 39(b) (1,052) (10) 39(c) (459) (34) 76 1, (20) 586 (102) (167) (c) (1,213) (49) (718) 7, (47) (27) 10,398 (1,652) (1,411) (874) (4,983) (12,965) 248 (1,082) (295) (79) 1,615 (6,445) 6,205 (2,060) (20) 19 3,494 5,535 39(d) 9,679 3,

88 a China Netcom Group Corporation (BVI) LimitedCNC (BVI) CNC (BVI) 1,343,571, CNC (BVI) CNC (BVI) China Netcom Corporation (BVI) Limited China Netcom (BVI) China Netcom (BVI) b Asian Motion LimitedAsian Motion 520,000, Asian Motion c. Reach Ltd Telstra Corporation LimitedTelstra TelstraTelstra PCCW Global (Singapore) Pte. Ltd.PCCW Communications (Singapore) Pte LtdPCCW Global (Singapore) TelstraPCCW Global (Singapore) TelstraReach Global Networks Limited Telstra PCCW Global (Singapore) TelstraPCCW Global (Singapore) PCCW Global (Singapore) Telstra

89 1. c. Reach Ltd , , , Pacific Century Cable Holdings Limited 445,000, Telstra Telstra d. SUNDAY Communications LimitedSUNDAY Distacom Hong Kong LimitedDistacom HKDistacom Communications Limited 1,380,000,000 SUNDAY0.10 SUNDAY Distacom HK SUNDAY SUNDAY 8.97SUNDAY0.65SUNDAY Townhill Enterprises LimitedTownhill 410,134,000 SUNDAY Townhill SUNDAY SUNDAY266,587,100 SUNDAY PCCW Mobile Holding No.2 LimitedPCCW Mobile 1,790,134,000 SUNDAY SUNDAYSUNDAY PCCW MobileCitigroup Global Markets Asia Limited26.1 PCCW Mobile SUNDAYSUNDAY 0.65 PCCW Mobile SUNDAY PCCW Mobile 2,372,672,256 SUNDAY SUNDAY SUNDAY SUNDAY

90 e JALECO LTD.JALECO , f Great Eastern Telecommunications LimitedGET GET 5,200GET 2. a b (g) 2(n)(i)2(n)(iii) 2(p) 2(t)

91 2. c. 2(l) 2(o) d

92 d. 2(o) e. 2(d) 2(o) f. 2(o) 2(h) (i)(ii) (iii)

93 2. f g. 2(h) 2(z)(iv) 2(h) 2(h) h. i. 2(g) ii. 2(f)2(o) 2(z)(iv)

94 h. iii. i. j (z)(iii) k. l. 2(o)

95 2. m. 2(o) 3G3G G 2 n. i. 12 ii. 12 2(o) iii

96 n. iii. 2(o) 2(o) o. i

97 2. o. ii. p. q

98 q. r. 2(z)(v) s. 2(o) 2(o) t. u. v. w. x. i

99 2. x. i. ii. y. z. i. ii

100 z. iii iv. v. vi. vii. viii. aa

101 2. bb. i. ii. iii. cc. i. ii

102 cc. iii iv

103 2. dd ee

104 a (a) i. 10 ii

105 3. a. iii. (billing reserves for pricing changes) iv. 20(a) v. vi

106 b. i. ii iii. iv ,

107 a i. 1 1

108 a. i (c) 4(b) 4(c) ii (f) 2(h) (b) 4(c) iii. 18 2(z)(i) (b) 4(c)

109 4. a. iv v (n) (p) 2(s) 2(v) (x) (i) (ii) (n) (p) (x)

110 a. v (s) 2(v) (b) 4(c) vi (l) (c) vii. 40 2(g)

111 4. a. vii (i) (ii) 2(f) (b) 4(c) viii (bb) (b) 4(c) ix (cc)(iii)

112 a. ix (b) 4(c) x (z)(iii) (c) b

113 4. b. i (a)(i) 4(a)(ii) 4(a)(iii) 4(a)(v) 4(a)(viii) 4(a)(ix) 22, ,002 (10,531) (10,531) (8,298) 7 (93) (86) (8,384) 461 (52) (52) 409 (40) (40) (51) (51) (1,986) (32) (32) (2,018) (4) (4) 152 (1) (1) 151 (16) (16) 2,639 (1) (32) (52) (93) (64) 2,575 (981) 1 (19) (18) (999) 1, (32) (52) (93) (82) 1,576 (20) , (32) (52) (93) (62) 1,576 1, (32) (52) (93) (82) 1, , (32) (52) (93) (62) 1, (0.59) (0.97) (1.73) (1.52) (0.58) (0.95) (1.69) (1.49) , ,996 2,379 (22) (22) 2,

114 b. i (a)(ii) 4(a)(iii) (a)(v) (a)(vii) (a)(viii) (a)(ix) 15,062 (1,157) 116 (1,041) 14,021 5,184 (108) (108) 5,076 1,189 (3) 1,186 1,186 11,198 11,198 31, ,481 13,524 13,524 (9,031) (9,012) (6,617) (15) (15) (6,632) (1,052) (231) (231) (1,283) (3,967) (3,967) (20,667) (231) 4 (227) (20,894) (7,143) (231) 4 (227) (7,370) 24, (231) 4 5 (190) 24,111 (20,663) (20,480) (2,613) (2,312) (9) (987) (987) (996) (704) (107) (107) (811) (5,212) (5,212) (29,201) (774) (610) (29,811) (4,900) 32 (1,005) (800) (5,700) 1,344 1, (28,039) 32 (1,005) (122) (3) (52) (148) (1,298) (29,337) 19,936 19,936 (6,716) 32 (1,005) (843) (7,559) 1, ,859 (4,900) 32 (1,005) (800) (5,700)

115 4. b. ii (a)(v) 4(a)(ix) ,721 (2,483) 148 (2,335) 18,386 3,621 3,621 3,621 1,214 1, ,245 1, ,286 23,531 66,370 66,370 66, ,370 66,370 66,707 (565) (565) (228) 66,370 66,370 66,142 22,017 67, ,656 89,673 (67,508) (67,508) (67,508) 22, ,165 1,344 1, ,980 19, , ,165 c

116 c. i (a)(i) 4(a)(ii) 4(a)(iii) 4(a)(v) 4(a)(vi) 4(a)(vii) 4(a)(ix) 4(a)(x) 147 (672 ) (525 ) (100 ) (2) (2) (1) (1) (1) (100 ) (101 ) (26 ) 18 (7) (100 ) (83) (98 ) (50) (2 ) (33) (7) (100 ) (83) (1.53 ) (0.78 ) (1.53 ) (0.78 ) (23 ) (23 ) (105 ) (105 )

117 4. c. i (a)(ii) 4(a)(iii) 4(a)(v) 4(a)(vi) 4(a)(vii) 4(a)(viii) 4(a)(ix) 4(a)(x) (1,157) 116 (1,041) (108) (108) 1,196 (3) 1, (118) (118) 39 (118) (55) (55) 26 (822) (796) 162 (822) (660) (62) (62) (215) (80) 18 (277) (215) (142) 18 (339) (215) 20 (804) (999) 39 (215) (98) (83) (231) (213) (213) (856) 9 (847) (669) (403) 39 (884) (83) (634) (120) 97 (23) (884) (192) (52) (246) (50) (1,147) 39 (884) (50) (650) 51 (2) (33) (884) (83) (634)

118 c. ii (a)(v) 4(a)(ix) (8,531) 247 (8,284) 76,039 76,039 (15) (15) (67,620) (67,620) (67,635) (67,635) 8,404 8,404 (127) (127) (127) (127) (127) a a c a a 34 a c a 14 b

119 5. a. b c TelstraTelstra (c) ( Telstra (c)

120 c TelstraTelstra 2, ( (c) 1(c) ( (c) d , ,703 15,720 1,727 1,532 4,821 5, ,499 23,

121 7 a. now ,143 14,698 1,945 2,174 5,099 5, ,499 23, (1,352) (1,268) 15,931 15,334 2,454 2,701 5,154 5, (1,352) (1,268) 22,499 23,002 4,471 4,728 (83) (63) 539 1,274 (102) (635) 4,825 5,304 (271) (899) (2,234) (2,018) (4) 1 (11) (4) (16) (4) (16) 2,970 2,575 (1,103) (999) 1,867 1,

122 a ,810 1, ,267 2, ,839 17,202 1,348 1,508 17,247 18,577 1,731 1,507 42,165 38, , ,874 10,413 4,337 53,283 45,005 5,557 4, ,463 8, ,603 14,852 33,948 35,853 50,551 50,

123 7 b ,613 21,212 35,048 33,388 5,394 1,651 1,498 1,468 4,956 4, , , ,499 23,002 42,165 38,794 7,248 2, (6) (25) 22 (18) (187) a (69) b 59 c

124 a Partner Link Investments Limited 1, ,800 4,100 b Asian Motion , Asian MotionLehman Brothers Asia Limited118,000, Asian Motion ,000, , (a)(viii)2,800 3,100 c Asian Motion Citigroup Global Markets Hong Kong Futures and Securities Limited 237,000, Asian Motion Asian Motion450,000, a a ,000(2004 2,

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