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Transcription

1 KWAN ON HOLDINGS LIMITED (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) 1933 (k)

2 KWAN ON HOLDINGS KWAN ON HOLDINGS LIMITED [ ] [] [][] [] [] [] 1% % 0.005% [] [] [ ] C [ ] [ ]

3 i

4 [ ] ii

5 [ ] i ii iii [ ] [ ] iii

6 [ ] I II III IV V-1 iv

7 [] [] [ ] (i) (ii) (iii) (iv) 17/WSD/93 1

8 95.5% 97.7% 99.9% 648 2

9 %

10 GE/2010/ I M 6/WSD/11 15/WSD/11 42 DC/2012/05 SD B807 B KL/2012/03 4 GE/2012/ C GE/2013/ J GE/2013/ M GE/2013/ N % 876 2, % 1,729 3, , % 9,779 3,148 4, % 4,224 4,159 2,466 1,101 1, % % ,682 3, % 5,224 3,010 2, , % 6,352 3, ,504 2, % 4,553 3,418 2,349 4, % 3,738 1,000 2, % ,785 8,

11 /WSD/ /WSD/11 9/WSD/ , , ,809 2, ,413 5

12 4/WSD/119/WSD/ /WSD/11 9/ WSD/ (i) (ii) (iii)(iv) (v) (vi)(vii) (viii)(ix)(x)(xi) (i) (ii) 1(iii) 2 10/WSD/10 1 4/WSD/11 9/WSD/ /WSD/119/WSD/

13 [ ] 7

14 (i)(ii) (iii) (i)(ii) (iii)(iv) (i) (ii)iii 8

15 311, , , ,363 29,927 51,617 21,267 19,276 9,490 29,418 9,044 8,616 5,728 23,628 6,278 7,435 1,483 20,043 4,338 4,186 (i)(ii)(iii) (iv) 158, ,084 87, ,767 43, ,914 31, , ,751 63,335 31,116 74,603 13,950 3,381 2, , , , , % 8,140 4,9206,4701,400 4, ,360 2,170TK/2008/

16 % KL/2012/03 GE/2012/11 GE/2013/06 GE/2013/ % 14.7% 9.0% -2.4% -10.4% 22.0% 38.6% 10.6% 11.6% -5.0% 4.2% 9.5% 14.9% 4.8% -28.4% 9.6% 13.1% 13.9% 5.8% 9.6% 13.1%(i) (ii) -10.4% 22.0% TK/2008/ TK/2008/01 1,000 TK TK/2008/ % DC/2012/05 10

17 SX X GE/2011/ ,492 15,066 24, , , ,631 4, , , ,250 (26,198) 3,515 1,381 (12,397) 17,831 25,266 2,620 1,240TK/2008/01 26/WSD/06 6/WSD/ ,4601,880 4,760 1,070 11

18 (36,822) 73,587 (17,856) (12,526) 4,378 (18,384) 6,533 12,068 11,352 (22,992) 67,041 42, % 6.0% 2.2% -46.2% 132.5% 29.4% 4.4% 11.5% 3.0% % 234.7% 233.9%

19 [ ] [ ] [ ] [ ] [][] [ ] [ ] [ ] [][][] [ ] (i)(ii) (iii) (iv)

20 [ ] [ ] i Fortune Decade 40.41%ii Twilight Treasure 34.59% Success Ally Decade Success87.5% 12.5%iii 25% Success Ally Decade Success Garwealth Bright Link Success Ally 14

21 (i)(ii) 2,020 [ ] [] [] [] [] 1. [ ] [ ] 2. [] [ ] 15

22 [ ] [] [ ] [ ] [ ]%[ ] [ ]%[ ] []%[] [ ]%[ ] [][] [] [ ] [ ] (i) (ii) (iii) (iv) 16

23 (v) (vi) (vii) [ ] 17

24 [ ] 20.06(2) 0.04% 99.96% Bright Link Bright Link Co., Ltd. 3. [ ] 18

25 (7) Decade Success Fortune Decade Success Ally Twilight Treasure Decade Success Decade Success Investments Limited 19

26 [ ] [ ] 282 Fortune Decade Fortune Decade Investments Limited Garwealth Garwealth Investment Limited 20

27 112 Bright Link Garwealth 2.45%0.01% 45.45% 30.23% 21.87% Technic Light Limited 21

28 4/ WSD/ /WSD/10 2 9/ WSD/13 [ ] [ ]

29 [ ] [ ] [ ] Bright Link Garwealth28.57%0.01% 42.86% 28.57% [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] 1% %0.005% [ ] [ ] [ ] [ ] [ ] [ ] [ ] 23

30 [ ] [ ] [ ] 571 [ ] [ ] Success Ally Success Ally Investments Limited Twilight Treasure Twilight Treasure Limited Decade Success Success Ally12.5% 87.5% 24

31 1 [ ] [] [ ] Fortune Decade Twilight Treasure 25

32 Win Vision Win Vision Holdings Limited % 26

33 B-13 27

34 7, ISO ISO9000 ISO ISO9001 ISO9001 ISO9000 ISO ISO ISO ISO9002 ISO9002 ISO9000 ISO

35 A 17 29

36 30

37 31

38 95.5% 97.7% 99.9% 32

39 [ ] [ ] , ,620 1,240 (i)tk/2008/01 26/WSD/06 6/ 33

40 WSD/06(ii) 790 1,280 1, ,880 34

41 9.58%10% % 23.5% 7.1% TK/2008/01 26/WSD/06 6/WSD/ % 64.9% 74.1% 18.5% 14.1% 28.2% 54.2% 48.3% 63.6% 35

42 9/WSD/134/WSD/11 9/WSD/13 4/WSD/ (1) 9/WSD/134/WSD/ , % 54.2% 31.8% 36

43 ,540 5,7603,

44 2,6502,4102, A 11 82A2,581,731 82A

45 82A 3,599, , , A / 39

46 / 40

47 50.9% 52.9% 36.0% 236 / 41

48 5 5,000 42

49 [ ] [][][] [ ] [ ] [ ] 43

50 [ ] [ ] 75%[] 44

51 [ ] 45

52 [ ] [ ] 46

53 [ ] [ ] 47

54 [ ] [ ] 48

55 [ ] 2-8 F E 8 40 E A

56 [ ] [ ] [ ] Conyers Dill & Pearman(Cayman) Limited Cricket Square Hutchins Drive Grand Cayman KY Cayman Islands [ ]

57 PO Box 2681, Grand Cayman, KY Cricket Square, Hutchins Drive Cayman Islands CPA ACIS ACS F [ ] 51

58 [ ]

59 [ ] 53

60 8, , % 90% 80% 70% 60% 50% 40% 30% 20% 10% 11% 15% 14% 89% 100% 100% 100% 85% 86% 41% 59% (www. wsd.gov.hk) 54

61 3, , , , ,499.5 (

62 , , , , ,689 2,707 2,718 2,723 2,733 1,987 2,290 2,221 2,250 2,243 ( ,689 2,7232,733 1,987 2,2502, ,

63 60,00040,

64 504 1,631 1, ( 1, , , ,000.0 ( 58

65 79 56 NE/2014/02 NE/2014/ NE/2014/ GE/2014/ F 1 2 GE/2015/ E 1 GE/2014/ I GE/2015/ D

66 (i) (ii) (iii) (iv) 60

67

68 (i) (ii)(iii)(iv) % 4.6% , % 12.6% , % 6.3% 62

69 =

70 ,000 9,000 8,000 7,000 6,000 5,000 4, ,440 9,330 9,3308,350 64

71 ,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1, ,5315,510 6,595 7,021 65

72 4,462 5,118 5,490 5,945 66

73 7,

74

75 /20073/2007A

76 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) (xv) (xvi) (xvii) 70

77 (xviii) 1,000 71

78 (a) (b) (c) R

79 (a) 20(b) N

80 I (a) 200(b) 500 (c)6 (d)

81 C (a) (b) 60 75

82 F 43C (1) (2)

83 50 50 (i)18 (ii)(iii) (iv) (v) (vi) (vii)

84 A (i)(ii) (i)(ii) 35 78

85 17/WSD/93 79

86 ISO 9002:1994 ISO 9001:2000 ISO 9001:2000 ISO 9001:

87 Win Vision 50100, % 100, , , , , ,000 1,403,500 1,000,000 1,000,000 Lam Wing SeeLam 402,500 Garwealth Garwealth

88 Tsoi Wai ManTsoi 999 1,403,5001,403, % % %1,000,000Garwealth 28.68%402, % 100% Garwealth 0.07% 28.68% 71.25%

89 1,000,00010, % 10, ,000,000 10,000 8,002 2,000 23, ,000,0004,300,200 33,000 33,000 Good Fortune Trust 83

90 20, ,300,200 6,300,20020,000 Good Fortune TrustGood Fortune Trust 53,000 6,300,200 63, % 8, %2, % 53, % 12.70% 84.12% 3.18% 135 UCL100, , UCL 50% UCL UCL900, ,000,000 UCL 84

91 UFPML UFPML 1,000,0001,000, % 50%UFPML 100% ,000 10, Chan Boon HoChan 3,990, ,0004,000,000 3,999,998 3,999,999 85

92 100, ,000,000 4,100, ,000 4,099,999 Chan 4,100,000 Chan907,144, Chan 6,244, ,099, , ,100,0004,200, ,0001,280, ,200,0005,480,000 1,280,000 4,099,9991,280, ,000 4,099,999 3,313, ,250 Garwealth3,313,000 2,200, ,000,00010,200,000 2,415,000 1,271, ,166 1,027,732 Garwealth 850, ,200,000 11,050, ,416 Garwealth4,340,732 9,021,868 Bright Link6,000,000 86

93 Bright Link Garwealth 10,199, , ,800, ,050,00013,850,000 2,000, ,850,00015,850,000 87

94 4,000, ,850,000 19,850,000 5,000, ,850,00024,850, ,849, % 100% Garwealth Bright Link % % % % 0.005% % 2.45% 45.45% % % %

95 10,00010, % % % 66.67%

96 10,00010, ,998 3,999 5,999 60%6,000Lam 40%4,000 Lam 40% 100%

97 10,00010, ,000 90, ,000100,000 44,999 44, % 0.04% 99.96% 50% 50%

98 Win Vision Win Vision 50,000 50, Win VisionFortune Decade Twilight Treasure 3 9,997 Fortune Decade Twilight Treasure533, ,699 Fortune Decade Twilight TreasureWin VisionWin Vision /WSD/

99 (i) 380,00038,000, Codan Trust Company Cayman) Limited Twilight Treasure (ii) Success Ally Decade Success Success AllyTwilight Treasure 50,00050, Success Ally 3,4541 6,545 Decade SuccessTwilight Treasure 50,00050, Decade Success 1,000 (iii) Fortune Decade Twilight Treasure Win Vision Fortune Decade 50,00050, Fortune Decade1,000 Twilight Treasure 50,00050, Twilight TreasureDecade Success Success Ally1,2508,750 Win Vision 50,00050, Win VisionFortune Decade Twilight Treasure 3 9,997 93

100 (iv) Success Ally Success Ally 6,545 (v) Success Ally Success Ally 6,546 (vi) Win Vision Win Vision Win VisionTwilight Treasure Win Vision Win VisionTwilight Treasure Win VisionGarwealth Win VisionGarwealthTwilight Treasure Win VisionWin VisionTwilight Treasure Win VisionWin VisionFortune Decade Win Vision Win VisionTwilight Treasure Win VisionWin VisionFortune Decade 94

101 (vii) Fortune Decade Twilight TreasureWin Vision 1,962,000,000380,000 20,000,000 (a) Fortune Decade Twilight Treasure 533, ,699(b) Twilight TreasureFortune Decade Twilight Treasure Win Vision 95

102 % 100% 100% Bright Link Garwealth % % % % 99.96% 0.04% 2.45% % 45.45% % 0.605% 50% 50% 71.25% 28.68% 0.07% % % 33.33% 66.67% 12.3% 3.18% 84.12% 12.70% 100% 100% 70% 10/WSD/10 * 96

103 [ ] 100% 100% Success Ally Decade Success 100% 87.5% 12.5% Fortune Decade Twilight Treasure 53.33% 46.67% 100% Win Vision 100% 100% 100% 100% 100% 100% 100% 70% 1* 10/WSD/10 * 97

104 [ ] 100% 100% Success Ally Decade Success 100% 87.5% 12.5% Fortune Decade Twilight Treasure 40.41% 34.59% 25% 100% Win Vision 100% 100% 100% 100% 100% 100% 100% 70% 1* 10/WSD/10 * 98

105 (i) (ii) (iii) (iv) % 97.7% 99.9% , ,084 87, ,767 43, ,914 31, , ,751 63,335 31,116 74,603 13,950 3,381 2, , , , ,363 99

106

107 1. 10/WSD/ /WSD/ /WSD/11 101

108 1. TK/2008/01 2. TK/2008/01 102

109 1. GE/2011/ C 2. GE/2011/ C 103

110 1. TK/2008/01 104

111

112 3 106

113 % [ ]

114 1. (a) (b) (c) (d)

115 8C(2)(c)

116 (i) (ii) 1(iii) 2 10/WSD/10 1 4/WSD/11 9/WSD/ SX X121 11SE A/ F435 1,283 YL/2008/ L TK/2008/

117 D 2, SW A/CR GE/2011/ C 6,095 DC/2009/25 9 1,087 24/WSD/ YL/2009/01 7, /WSD/ /WSD/

118 GE/2010/ I M 6/WSD/11 15/WSD/11 42 DC/2012/05 SD B807 B KL/2012/03 4 GE/2012/ C GE/2013/ J GE/2013/ M GE/2013/ N % 876 2, % 1,729 3, , % 9,779 3,148 4, % 4,224 4,159 2,466 1,101 1, % % ,682 3, % 5,224 3,010 2, , % 6,352 3, ,504 2, % 4,553 3,418 2,349 4, % 3,738 1,000 2, % ,785 8,

119 2. 10/WSD/ /WSD/ /WSD/ , , , , ,

120 YL/2008/01 26/ WSD/06YL/2008/01 26/WSD/ (i) (ii) (iii) /WSD/ /WSD/ /WSD/

121 / WSD/119/WSD/ / WSD/11 9/WSD/

122 (i) (ii) (iii)(iv)

123 12 117

124 % /WSD/10 4/WSD/11 9/ WSD/1310/WSD/

125 4/WSD/11 9/WSD/

126 TK/2008/01 120

127 (i) (ii) (iii)

128 /WSD/10 4/WSD/11 9/WSD/ /WSD/ /WSD/10 10/WSD/10 10/WSD/10 122

129 10/WSD/10 70% 30%(i) /WSD/10(ii)10/WSD/1010/WSD/10 (iii)10/wsd/ (iv) 1 10/ WSD/ /WSD/10 1 7,4607,1604,000 11,4201,1901,080 4/WSD/11 4/WSD/11 4/WSD/

130 51% 49% 1 4/WSD/11 100% 11 51% - 124

131 11 4/WSD/11 125

132 (i) (ii) 4/WSD/11 (i)(ii) 11 9/WSD/ /WSD/13 5, % 126

133 9/WSD/ %

134 /WSD/

135 (i) (ii) 9/WSD/ (i)(ii) /WSD/11 9/WSD/

136 38 35(1) 1%5%

137 1,8082,853 2, % 8.36% 6.76% %

138 (i) (ii) (iii) 132

139 (i) (ii)(iii)(iv) (v)(vi) (vii) 50.9% 52.9% 55.5% 100% 99.2% 99.9%

140 % 158, , , , , , % % 208, , , , A 6, , % % 184, , , , , % 134

141 A % 97.7% 99.9% (i) (ii) (i)(ii) (iii) 135

142 5% (i)(ii) 12.3% 9.2% 20.9% 36.3% 31.9% 47.5% % A 34, B 25, C 20, D 11, E 9, , % A 31, , F 21, B 17, G 15, ,

143 % 65, A 32, H 29, F 13, I 7, , F30 5% A 5 30 B 5 30 C 3 30 D 4 30 E F 9 7 G 2 30 H 1 30 I

144 TK/2008/ % 13.1% 26.3% 55.3% 46.1% 52.8% 5%

145 % 64.9% 74.0% 18.5% 14.1% 28.2% 54.2% 48.3% 63.6% 5% (i) (ii)(iii) (iv)(v) (vi)(vii) +5% +15% +20% -5% -15% -20% (2,798) (8,393) (11,190) 2,798 8,393 11,190 (2,879) (8,638) (11,517) 2,879 8,638 11,517 (1,782) (5,345) (7,126) 1,782 5,345 7,

146 +5% +15% +20% -5% -15% -20% (1,323) (3,968) (5,291) 1,323 3,968 5,291 (1,203) (3,609) (4,813) 1,203 3,609 4,813 (1,064) (3,193) (4,257) 1,064 3,193 4,257 (i) (ii) 140

147 18 (i)(ii) (iii) (iv)7 (v) 5% (vi) , % 54.2% 31.8% (i) (ii) 141

148 (iii) (iv) (v) (vi) (vii) 38A (i) (ii) 142

149 ISO9001:

150 10 59A (i) (ii)(iii) (iv)(v) (vi) (vii) 144

151 (i) (ii) 24 (iii) (iv)(v) (vi) (i) (ii)(iii) (iv) (v)(vi) (vii) (viii)(ix) 59A (i) (ii)(iii) (iv)(v) (i)(ii) (iii) 145

152 (iv)(v) (i) (ii) (iii) (iv) (i) (ii) (iii) 146

153 (iv) (v) (vi) B 24 (i) (ii) (iii) (iv) (v)(vi) 147

154 59AF 13 59AF 4(1) 59AF 3 1 (i) (ii) (iii) (iv) 148

155 81.51% 282 1, ,000100, , ,

156 5. LTIFR 4 1,295, ,138, ,412, ,000,

157 90 1) A 378,350 B 2 468,528 C 218, D 395,830 5 E

158 B 3%3.5% 16G B 59,000 C 25%C 306,000 A D D D 3%D 152

159 12,000 A A 71,000 40,000 9,

160 1 1 10/WSD/10 KTS 12067/2014 KTS I 47(1) 68(1)(a) 68(2)(a)68(2)(a) 200,000 (i) (ii) (iii)

161 (1) (2) (3)(4) (5) (6)(7) (8)(9)(10) A A 155

162 1 82A 2,581, , % 60% , ,577 82A 7,463 44,643 3,599, ,352 3,599, , ,118[ 3,599, , %] 156

163 82A 157

164 158

165 20 159

166 160

167 (a) (b) (c)

168 (d) (e) 282 (i) (ii) 162

169 (iii) (iv) (v) (vi) (vii) 95,000240,000 60,

170 (i)(ii) (iii) 1 40(1B) 2 164

171 24(1) 24(1) 8101, (i) KWAN ON HOLDINGS (ii) ;(iii) KWAN ON HOLDINGS (iv) kwanonconstruction.com 165

172 D P11 5, , B Reality Tower 11 B , , B(2) 32L6(2) 342(1)(b) 34(2) 15% 166

173 30 43C (i)(ii) 167

174 (i) (ii) (iii) 168

175 338, ,000401, % 4.6% 2.7%

176 4, % 12.6% 15.7% ,330 7, % 6.3% 7.5% (i) (ii) (iii)

177 (i) 952 (ii) 1,215, , (iii)

178 231, ,000 69, (iv) % 341, ,000 (v) ,000 1,253,

179 (vi) 270 (vii) %59,000 (viii) 282 2% 37,000 [ ] 173

180 15/WSD/11 174

181 65,000 18, ,000 (i) (ii) (iii) 175

182 (i) (ii) (iii) 6A.15(5) (i) 6A.15(5) (ii) (iii)

183 Benease LimitedBenease 10% 80% 10% Bennex International LimitedBennex Benease Bennex /WSD/10 10/WSD/ /WSD/ D E 6, ,000 75,

184 900,000900, , ,000 22, , , ,

185 216, ,000 22, , , ,000 1,116,000 1,142, , % 3,000,

186 2-28A-1 1 F , , , , ,

187 72, ,000 Benease BeneaseBenease Benease A 2 A 5,000 Benease 180,000 BeneaseBeneaseBenease Benease Benease 180,000 60,000 Bennex B Bennex B 5,600 Bennex 48,000Bennex Bennex 181

188 Bennex Bennex 36, /WSD/13 (1) DC/2012/05 2, DC/2012/05 (2) 15/WSD/111,

189 /WSD/11 (3) /WSD/10 3, /WSD/10 (4) KL/2012/037, KL/2012/03 DC/2012/05 DC/2012/ /WSD/11 15/ WSD/ /WSD/

190 110/WSD/ KL/2012/03 KL/2012/ ,560 DC/2012/05 15/WSD/11 10/WSD/10 KL/2012/03 184

191 4.5 KL/2012/03 SD B807 4/WSD/11 GE/2012/11 GE/2013/06 GE/2013/17 9/WSD/

192

193 (a) (b) (c) [ ] [ ] (d) (e) (f) (g) 187

194 [ ] [] [ ] [ ] [ ]%[ ] [ ]%[ ] []%[] [ ]%[ ] [ ] [] [ ] [ ] [ ] [ ] [] [ ] [ ] [ ] [ ] [] [ ] [ ] [ ] [ ] [] [ ] [ ] [ ] [ ] 188

195 [ ] A B C 1, P-1.25% 5.25% 4.24% [] [] [] [] P 5.25% A B C [ ] [] [] [ ] [ ] [ ] [ ] [ ] 189

196

197 Credit Suisse First Boston (Hong Kong) Limited Merrill Lynch (Asia Pacific) Limited 191

198 KSL Holdings Limited [ ] ( 2277) ( 8315) ( 8059) 1250 ( ) ( 3366) ( 1418)() AS & T Consultants Limited 291(6) 41 [ ] 192

199 ( ) 17.50(2)(h) (x)

200 Leung Kee Construction Group Limited 194

201 52 20 Hyundai-CCECC Joint Venture

202 C B A

203 6A.19 (a) (b) (c) 6A.26 (1) 197

204 12 10% % % % 1, , , , , ,

205 199

206 [ ] 30% [ ] [ ] 1 4 (L) 5 [ ] (L) [ ] Twilight Treasure [ ] [ ] 1 2 (L) Success Ally [ ] [ ] 2 3 (L) Fortune Decade [ ] [ ] 1 4 (L) 1. Fortune Decade Twilight Treasure[ ] [ ] 2. Twilight TreasureSuccess Ally Decade Success 87.5% 12.5% 3. Success Ally 4. Fortune Decade 5. [ ] L GarwealthSuccess Ally Bright Link Success Ally 200

207 Decade Success Decade SuccessTwilight Treasure 12.5% Decade Success (i) (ii) (i) 201

208 (ii) (iii) (i) (ii) (iii) (iv) (i) 202

209 (ii) 30% (i) (ii) (iii) (iv) (v) 203

210 [ ] (i) (ii) (iii) 204

211 (iv) (v) (vi) (vii) 205

212 1, (1) (2) (3) (i)(ii) (iii) (4) (5) 206

213 (6) 207

214 2,000,000,000 [] [1,000,000] 10,000 [] [] [] [] [] [] [] 11.23(7) 25% [] 208

215 [] (a) 20% (b) [] [ ] 10% (a) (b) (c) 209

216 210

217 (i) (ii) (iii) (iv) 95.5% 97.7% 99.9% 158, ,084 87, ,767 43, ,914 31, , ,751 63,335 31,116 74,603 13,950 3,381 2, , , , ,

218 (i) (ii)

219 90% 213

220

221 (i)(ii) (iii) (iv) 215

222 11 216

223 217

224 311, , , ,363 (281,953) (341,666) (132,218) (313,087) 29,927 51,617 21,267 19,276 1, , (19,660) (20,509) (11,143) (11,554) 12,165 32,211 10,402 9,522 (2,675) (2,793) (1,358) (906) 9,490 29,418 9,044 8,616 (3,762) (5,790) (2,766) (1,181) 5,728 23,628 6,278 7,435 1,483 20,043 4,338 4,186 4,245 3,585 1,940 3,249 5,728 23,628 6,278 7,435 (A) (i) (ii)(iii) (iv) 218

225 158, ,084 87, ,767 43, ,914 31, , ,751 63,335 31,116 74,603 13,950 3,381 2, , , , , %8,140 4,9206,470 1,400 4,640 6/WSD/11 15/WSD/11 2,7302,8602 4/WSD/11 9/WSD/ /WSD/09 26/WSD/06 13/WSD/07 6/WSD/06 1,330 11/WSD/08 10/WSD/10470 KL/2012/ KL/2012/03 3,390 DC/2012/05 219

226 5,240 TK/2008/01 YL/2009/01 YL/2008/01 DC/2009/ GE/2010/21 GE/2011/03 SX X ,590 GE/2012/11 GE/2013/06 GE/2013/ SD B % KL/2012/03 GE/2012/11 GE/2013/06 GE/2013/ /WSD/11 9/WSD/

227 4/WSD/11 9/WSD/13 4/WSD/ /WSD/

228 (i) (ii)(iii)(iv) (v) (vi) (vii) (i)(ii) 187, ,878 87, ,829 55,402 57,585 27,611 35,632 26,455 24,063 5,925 21,284 4,578 4,958 2,345 2,584 24,846 31,982 14,253 19, , (17,872) (468) (5,956) 2, , , , ,

229 (i) (ii) /WSD/09 10/WSD/10 24/WSD/09 10/WSD/10 223

230 , ,

231 (i) (ii) (iii)(iv) 7,919 10,008 4,410 5,513 1,253 1, ,809 5,305 2,825 1,367 1,653 1, ,791 1,363 1,847 2,124 19,660 20,509 11,143 11,554 [ ] 3% 225

232 0.5% 3.25% 3% 2.75% ISO 16.5% 39.6% 19.7% 13.7% 16.5% 226

233 (B) ,920 6,460 1,400 4, , , , %240TK/2008/01 GE/2011/0350 1, / WSD/09 10/WSD/10 24/WSD/09 10/WSD/10 227

234 14.8% 14.7% -10.4% 22.0% 11.6% -5.0% 14.9% 9.6% 13.1%(i) (ii) -10.4%22.0% TK/2008/01 880TK/2008/01 1,000TK/2008/ % DC/2012/05 SX X GE/2011/

235 , % % 19.7% 229

236 570 2,360 2,170 TK/2008/ KL/2012/ GE/2012/11 GE/2013/06 GE/2013/175, , KL/2012/03 GE/2012/11 GE/2013/06 GE/2013/ % % (i)1.439(ii) 1,540(iii)520(iv) KL/2012/03 GE/2012/11 GE/2013/06 GE/2013/17 (i)kl/2012/03 (ii) 24/WSD/09 6/WSD/11 230

237 9.0% -2.4% 38.6% 10.6% 4.2% 9.5% 4.8% -28.4% 9.0% -2.4% 24/WSD/09 6/WSD/1124/ WSD/0924/WSD/09 6/WSD/ % 10.6% TK/2008/ %9.5%. GE/2012/11 GE/2013/06 4.8% -28.4% (i) (ii) (SD B807)

238 20 160(i) 20 (ii) 20 (iii)10 (iv) ,000 33,000 1, %(i) 110 (ii) 20(iii) 30(iv) 30 (v) %16.5% 232

239 192, (A) 9,863 9,698 11,116 1,176 7,453 5,368 13,453 18,492 15,066 24,569 22,164 12,078 7,757 2,551 53,114 84, , , ,712 24,691 39,671 2,844 67,041 42, , , , , , ,

240 182, ,554 25,836 14,254 66,733 24,228 58,244 64, ,215 9,805 1,950 1,500 4,962 4, ,766 41,490 58, ,044 6,686 2, , , ,250 (26,198) 3,515 1,381 (7,706) 18,581 25,950 3, , , (142,723) (186,976) 221,934 (12,397) 17,831 25,266 32,733 32,733 32,733 (48,358) (19,315) (15,129) (15,625) 13,418 17,604 3,228 4,413 7,662 (12,397) 17,831 25,

241 , ,350 KL/2012/03 GE/2012/11 GE/2013/06 GE/2013/17 11,312 5,327 3,204 10,852 6,751 4,553 22,164 12,078 7,

242 11,312 5,327 3,204 1,398 1, / WSD/ /WSD/09 6/WSD/ ,798 49,663 81,814 10,338 11,100 13,372 3,414 9,667 16,009 7,564 13,896 17,549 53,114 84, ,

243 3,180 4,970KL/2012/03 1,220 4,970 8,180KL/2012/03 4/WSD/ KL/2012/03 1, GE/2012/11 GE/2013/06 GE/2013/17 237

244 18,378 39,938 58,971 13,420 9,715 22, ,798 49,663 81,814 81,697 7, % 10,000223,000 1% 10% 1,0301, , (i)(ii)

245 KL/2012/03 1, KL/2012/03 GE/2012/11 GE/2013/06 GE/2013/ KL/2012/03 GE/2012/11 GE/2013/06 GE/2013/ ,430 6,670 KL/2012/03 GE/2012/11 GE/2013/06 GE/2013/17 (i) (ii) 239

246 KL/2012/03 GE/2012/11 GE/2013/06 GE/2013/17 35,688 28,162 85,614 14,824 13,807 18,862 7,732 22,561 29,739 58,244 64, , ,570 2,820 8,

247 ,570 2, , ,260 2,

248 ,450 1,950 1, ,962 4,675 14,767 6,625 1,500 3,250 18,017 6,625 1,500 1,

249 (B) (I) (36,822) 73,587 (17,856) (12,526) 4,378 (18,384) 6,533 12,068 11,352 (42,815) 90,033 (24,888) 19,823 (22,992) 67,041 (22,992) 67,041 42,153 3,680 1,580(i) 1,400(ii)2,610 (iii) 290(iv) 890 (v)

250 7,360 3,760 2, (i) /WSD/10 (ii)2,900 KL/2012/031,220KL/2012/03 630KL/2012/03 GE/2012/11 GE/2013/06 GE/2013/07320 (iii)620 (iv) 5,250 KL/2012/03 GE/2012/11 GE/2013/06 GE/2013/07 (v)230 1, (i) KL/2012/03 4/WSD/11 5,240(ii)420 (iii)6,950 (iv)kl/2012/03 4,250 KL/2012/03 1,250(i)500(ii) 460 (iii)1,

251 ,840(i) 370(ii) 20(iii)1, (i)4,460 5,240(ii) 1,620(iii)1,770(iv) 210 (v) 240 1,210 (i)6,230 5,460(ii)1,200(iii) 210 (iv) 270 1,140(i)5,6002,970 (ii) 80(iii)900(iv)

252 (II) 22,164 12,078 7,757 19,008 2,551 2,551 53,114 84, ,744 71,751 1,922 1,474 1, ,712 24,691 39,671 39,678 2,844 67,041 42,153 44, , , , ,458 25,836 14,254 66,733 24,228 13,987 58,244 64, , ,844 9,805 1,950 1,500 1,500 4,962 4, ,766 41,490 58,793 49, ,044 6,686 2,394 3, , , , ,449 (26,198) 3,515 1,381 6,009 2,620 1,240 TK/2008/01 26/WSD/06 6/WSD/06 246

253 790 1,460 1, ,280 4,760 1,070 TK/2008/01 TK/2008/01 84%TK/2008/01 TK/2008/01 26/WSD/06 26/WSD/06 11/WSD/0811/WSD/08 247

254 6/WSD/06 3,2008,4004, %6/WSD/06 (i)6/wsd/06(ii)tk/2008/01 (iii)26/wsd/06 (iv) 6,420 KL/2012/035,810 5,310 8,430 1,4306,670 5,820 6,450 TK/2008/01 7,000 1, /WSD/11 248

255 2.86 1, /WSD/13 6,050 1,020 (i) B SD B8071, (ii) 4 KL/2012/ ,445(iii) GE/2012/118, iv J GE/2013/06) v M GE/2013/17) 7,

256

257 (i) (ii) (iii) 6/WSD/ ,780 2,9703,020 (i) 2,360 (ii)900 (iii) 6,420KL/2012/03 5,810 5,

258 8,430 1,430 6,670 5,820 6, ,

259 21,766 41,490 58,793 49,485 25, ,805 1,950 1,500 1,500 4,962 4,675 62,490 48,233 60,413 51,106 3, , ,097 48,469 60,589 51,251 4, ,610 4,8506, ,690 5,

260 [ ] [ ] [ ]% (A) 11,092 35,296 53,908 45,216 3,897 2,548 2,502 2,527 5,540 3,646 2,383 1,742 1,237 21,766 41,490 58,793 49,485 2,1804,1505,880 4,

261 % % % (B) 2, % 3% (C) 478, ,000296,000266,

262 (29) (16) (11) (9) (D) (a) (b) (c) 3,1702,470 3,970 3,970 (d) (e) (f) 80%4,000,

263 (g) (h) (i) (j) (a) 1,000 (E) ,650 4,

264 6 KL/2012/03 SD B807 GE/2012/11 GE/2013/06 GE/2013/17 GE/2013/ /WSD/11 9/WSD/ ,050 4/WSD/ SD B807 KL/2012/03 7,100 3,100 9/WSD/132 (F) (I)

265 3,086 2,035 2,775 2, ,488 5,764 2,647 5, (II) 32 (G) 259

266 % 6.0% 2.2% % 132.5% 29.4% 4 4.4% 11.5% 3.0% % 234.7% 233.9% % % % % % % KL/2012/03 DC/2012/05 1,390TK/2008/ /WSD/09 6/WSD/11 260

267 -46.2% % TK/2008/01 26/WSD/06 6/ WSD/067901,4601, % 2, % % 11.5% 2, % 234.7% 233.9% 234.7%(i) 4,7604,150 (ii) 1,240 1, ,

268 TK/2008/

269 (A) 2,020 (B) 263

270 [ ] [ ] [ ] [] [] [] [] [] [] [] (1) (2) [] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (3) [ ] [ ] (4) 264

271 (a) 89% 88 94% (b) 265

272 ,834 24, , ,766 21,766 25,836 25,836 9,805 3,250 13,055 4,962 4,962 95,203 24, , ,370 54,378 5,810 1,328 3,014 64, ,490 41,490 1,950 1,950 4,675 4, ,537 5,842 1,423 3, ,

273 ,528 66,903 6, , ,793 58,793 1,500 1, ,821 66, , ,815 2,1804,1505, , ,093 11,431 23,090 17,373 2,552 16,170 6,505 42,600 28,708 19,751 6,011 5,083 59,553 (c) 267

274 ,1508,7707, % (6) (8) (4) 268

275 50 (200) (175) (123) (d) 269

276 138, , ,032 (2,844) (67,041) (42,153) 135, , ,879 (15,625) 13,418 17, , , , % 89% 91% (e) 1,

277 [ ] [ ] [ ] [ ] [ ] 271

278 [ ] 272

279 [ ] 273

280 [ ] 274

281 (i) (ii) 13.18(4) (1) (4) (iii) (i) [ ] (a) (b) 275

282 17.27(2) 30% (c) (d) [ ] [ ] 2.5% [ ] [][]% [] [ ] [ ] 276

283 [] [ ] 277

284 [ ] [ ] 278

285 [ ] [ ] 279

286 II1 223 II1 I-1

287 1 Win Vision Holdings Limited Win Vision Holdings LimitedWin Vision 100% 10,000 10, % 24,850,000 24,850,000 1 (a) 100% 6,300,200 63, (b) 100% 1,403,500 1,403,500 1 (b) 100% 90,000 90,000 1 (a) 100% 10,000 10,000 1 (b) 100% (b) 100% (b) 1 70% (a) (c) I-2

288 (a) (b) (c) David Siu & Company David Siu & Company Win Vision II1 II2 II 1 II1 II I-3

289 II1II2 II1II2 II1II2 I-4

290 I , , , ,363 (281,953) (341,666) (132,218) (313,087) 29,927 51,617 21,267 19, , , (19,660) (20,509) (11,143) (11,554) 6 12,165 32,211 10,402 9,522 8 (2,675) (2,793) (1,358) (906) 9,490 29,418 9,044 8, (3,762) (5,790) (2,766) (1,181) 5,728 23,628 6,278 7,435 1,483 20,043 4,338 4,186 4,245 3,585 1,940 3,249 5,728 23,628 6,278 7,435 I-5

291 189, , ,863 9,698 11, , ,453 5,368 13,453 18,492 15,066 24, ,164 12,078 7, , ,114 84, ,744 1,922 1,474 1, ,712 24,691 39, ,844 67,041 42, , , , , , , , ,254 66,733 24, ,244 64, , ,805 1,950 1, ,962 4, ,766 41,490 58, ,044 6,686 2, , , ,250 (26,198) 3,515 1,381 I-6

292 (7,706) 18,581 25, , , , (142,723) (186,976) 221,934 (12,397) 17,831 25, ,733 32,733 32, (48,358) (19,315) (15,129) (15,625) 13,418 17,604 3,228 4,413 7,662 (12,397) 17,831 25,266 I-7

293 ,353 2,385 7,164 2,353 2,385 7,164 (2,353) (2,385) (7,164) (2,353) (2,385) (7,164) (2,353) (2,385) (7,164) I-8

294 4. 32,655 (54,932) (22,277) 1,323 (20,954) 1,483 1,483 4,245 5, ,091 5,091 5,091 (2,340) (2,340) 32,733 5,091 (53,449) (15,625) 3,228 (12,397) 20,043 20,043 3,585 23,628 (2,400) (2,400) 17 9,000 9,000 9,000 32,733 5,091 (24,406) 13,418 4,413 17,831 4,186 4,186 3,249 7,435 32,733 5,091 (20,220) 17,604 7,662 25,266 32,733 5,091 (53,449) (15,625) 3,228 (12,397) 4,338 4,338 1,940 6, ,000 9,000 9,000 32,733 5,091 (40,111) (2,287) 5,168 2,881 I-9

295 5. 9,490 29,418 9,044 8,616 3,778 4,108 2,092 2,167 2,675 2,793 1, (96) (86) (47) (17) (514) (155) (33) (164) (655) (250) (113) (141) , ,775 37,622 12,422 11,491 (8,863) 8,525 1,807 4,197 (14,034) (29,003) (9,965) (52,362) (26,093) 6,233 (8,846) 69,547 (43) (150) 44 (44) (2,551) (2,913) 52,479 (1,305) (42,505) (36,128) 75,857 (5,887) (12,377) (907) (2,270) (426) (5,479) 213 (36,822) 73,587 (6,313) (17,856) (4,991) (4,428) (334) (3,664) ,100 (1,248) (10,060) 7,021 9,979 (14,980) (28,400) 26,800 I-10

296 (10) 4,625 (12,526) 4,378 9,705 (18,384) 52,431 62,330 33,035 55,962 (44,551) (54,606) (24,116) (29,659) 12,000 (9,000) 17,678 2,000 (16,157) (4,105) (116) (450) (3,000) 2,825 (775) (375) (75) (1,675) (159) (124) (62) (58) (2,419) (2,740) (1,316) (768) (2,340) (2,400) 6,533 12,068 7,506 11,352 (42,815) 90,033 10,898 (24,888) 19,823 (22,992) (22,992) 67,041 (22,992) 67,041 (12,094) 42, ,556 91,732 25,962 81, (31,712) (24,691) (21,733) (39,671) (25,836) (16,323) (22,992) 67,041 (12,094) 42,153 I-11

297 II. 1. (a) 22 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 103E (b) (c) I-12

298 I-13

299 I-14

300 15% 25% 20% 25% 25% (i) I-15

301 (ii) (iii) (iv) (v) I-16

302 (vi) (a) (b) (vii) (i) I-17

303 (ii) (iii) 2.7 (i)(ii) (iii)(iv) 2.8 I-18

304 I-19

305 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (i) (ii) (iii) I-20

306 (i) % 1 1 I-21

307 (ii) % 51% 49% (i) (ii) 2.12 (iii) 2.4(ii) I-22

308 (iv) 4. 10% 158, ,084 87, , , ,110 36, ,380 * 62,761 25,119 * 282, , , ,147 * 10% I-23

309 , , ,778 4,108 2,092 2,167 1,659 2,244 1,169 1, , , ,074 67,594 32,021 40,804 I-24

310 7. 60,609 64,927 30,784 39,271 2,465 2,667 1,237 1,533 63,074 67,594 32,021 40, ,154 1, ,245 1, ,675 2,793 1, I-25

311 9. (i) , ,740 1,559 1, , , ,502 1, , , , , ,576 I-26

312 1,248, ,000 1,191,000 12,00091,000 (ii) 1,401 1, ,449 1, ,000, I-27

313 10. 3,567 6,360 3,358 1, (570) (592) (6) 3,762 5,790 2,766 1, % 9,490 29,418 9,044 8, % 1,566 4,854 1,492 1,422 (17) (14) (8) (3) , ,834 (67) (783) (752) (3,892) (185) (438) 3,762 5,790 2,766 1,181 82A 82A 2,582, , ,000 82A I-28

314 681, ,091, (c) I-29

315 13. 16,640 1,366 11,024 29, ,416 1,829 5,579 (1,506) (952) (2,458) 15,468 4,782 11,901 32, ,082 4,428 (1,003) (956) (1,959) 14,818 5,775 14,027 34,620 1, ,748 3,664 (280) (1,144) (1,424) 16,443 5,786 14,631 36,860 12,581 1,303 6,910 20,794 1, ,862 3,778 (1,372) (912) (2,284) 12,970 1,458 7,860 22,288 1, ,850 4,108 (527) (947) (1,474) 13,704 2,455 8,763 24, ,237 2,167 (280) (1,065) (1,345) 13,800 3,009 8,935 25,744 2,498 3,324 4,041 9,863 1,114 3,320 5,264 9,698 2,643 2,777 5,696 11,116 I-30

316 ,312 5,327 3,204 10,852 6,751 4,553 22,164 12,078 7, ,361,927 1,252,851 1,312,985 99, , ,328 1,461,398 1,367,716 1,462,313 (1,475,652) (1,434,449) (1,483,990) (14,254) (66,733) (21,677) 2,551 (14,254) (66,733) (24,228) (14,254) (66,733) (21,677) 1610,338,00011,100,000 13,372,000 I-31

317 16. (a) 31,798 49,663 81,814 (b)15 10,338 11,100 13,372 (c) 3,414 9,667 16,009 (c) 15,017 19,264 31,002 60,567 89, ,197 (d) (7,453) (5,368) (13,453) 53,114 84, ,744 (a) 21 22,296 17,577 46,481 31,249 49,252 81, ,378 39,938 58, ,420 9,715 22, ,798 49,663 81,814 I-32

318 : 18,378 39,938 58, ,782 9,641 19, , ,798 49,663 81,814 (b) 10,338 11,120 13,392 (20) (20) 10,338 11,100 13, ,000 20,000 I-33

319 (c) , ,0001,095,000 1,095, ,0001,095,000 1,095,000 (d) 7,453,0005,368,00013,453, ,625 4,625 Twilight Treasure Limited ,625 4, I-34

320 Twilight Treasure Limited Fortune Decade Investments Limited Twilight Treasure Limited Fortune Decade Investments Limited ,450 1,950 1, ,805 1,950 1,500 2,912 3,000 2,050 1,675 4,962 4,675 3,250 I-35

321 Twilight Treasure Limited Fortune Decade Investments Limited 3,250, ,000, ,844 67,041 42,153 31,712 24,691 39,671 (31,712) (24,691) (39,671) 2,844 67,041 42, % 3% 20 I-36

322 19. (a) 35,688 28,162 85,614 (b) 14,824 13,807 18,862 (c) 7,732 22,561 29,739 58,244 64, ,215 (a) 24,510 21,024 66,903 9,283 5,810 17,259 1,895 1,328 1,452 35,688 28,162 85, (b) (c) I-37

323 20. 11,092 23,296 50,908 10,674 6,194 4,885 21,766 29,490 55,793 12,000 3,000 21,766 41,490 58,793 11,092 35,296 53,908 3,897 2,548 2,502 5,540 3,646 2,383 1,237 21,766 41,490 58,793 % % % (a) (b) 1,000 9(i) I-38

324 (c) (d) 31,712,00024,691,000 39,671, (e) (f) 80% 4,000,000 (g) (h) (i) 8,600,0006,800,000 5,832,000 40,896,000 12,000,0006,000,000 6,000,000 9,000,000 3,000, % I-39

325 ,086 2,035 2,775 2, ,488 5,764 2,647 5,263 I-40

326 , (570) (6) ,206,000114,119,000113,770, ,000 38,000, Twilight Treasure Limited I-41

327 24. (2,353) (2,353) (32) (2,385) (4,779) (7,164) , ,000, I-42

328 (i) Benease Limited (a) (e) Bennex International Limited (b) (e) 36 (e) (c) (e) (d) (e) 1,074 1, ,973 (a) (b) (c) d 1 e (ii) 1,776,000 1,362,000 1,493, I-43

329 (a) 89% 88% 94% 16 (b) I-44

330 ,528 66,903 6, , ,793 58,793 1,500 1, ,821 66, , ,815 54,378 5,810 1,328 3,014 64, ,490 41,490 1,950 1,950 4,675 4, ,537 5,842 1,423 3, , ,834 24, , ,766 21,766 25,836 25,836 9,805 3,250 13,055 4,962 4,962 95,203 24, , ,370 I-45

331 21,766,00041,490,00038,418, ,708 19,751 6,011 5,083 59,553 17,373 2,552 16,170 6,505 42,600 7, ,093 11,431 23,090 (c) ,508,000 87,732,000 77,824, % I-46

332 (6) (8) (4) 50 (200) (175) (123) (d) I-47

333 138, , ,032 (2,844) (67,041) (42,153) 135, , ,879 (15,625) 13,418 17, , , , % 89% 91% ,289 72, ,906 1, ,712 24,691 39,671 2,844 67,041 42,153 83, , ,011 58,244 64, , ,766 41,490 58,793 13,055 1,950 1,500 4,962 4, ,836 2,353 2,385 7, , , ,804 2,353 2,385 7,164 I-48

334 29. 9(i) 200,000 1,560,000 1,176, %1 1 74,595 71,628 39,451 40,413 14,151 11,948 6,465 10,828 14,151 11,948 6,465 10,828 4,245 3,585 1,940 3,249 2,340 2,400 (975) 11, (433) (1,436) (6,402) (2,400) (8,813) 9, I-49

335 27,696 28,637 37,944 5,497 3,038 2,097 (22,201) (16,798) (14,364) (232) (167) (139) 10,760 14,710 25,538 3,228 4,413 7, (a) (b) (c) 1,215, , , , % 341, ,000 I-50

336 (d) (e) (f) (g) , (c) %59, % 37,000 9,516,000 (i) I-51

337 % 51% III. II9(i) IV. (a) (b) (i) 1,962,000,000380,000 20,000,000 (ii) 999, Win Vision I-52

338 (iii) % V. P I-53

339 7.31 [ ] [ ] (A) [ ] [ ] [ ] [ ] [] [ ] 17,604 [ ] [] [] (1) (2) [] [ ] [ ] [ ] [ ] II-1

340 [ ] [ ] [ ] [ ] (3) [ ] [ ] (4) II-2

341 [ ] II-3

342 [ ] II-4

343 [ ] II-5

344 (a) 27(2) (b) 2. (a) (i) III-1

345 (ii) (iii) (iv) III-2

346 (v) III-3

347 (aa) (bb) (cc) (dd) (ee) (vi) III-4

348 (vii) III-5

349 (aa) (bb) (cc) (6) (dd) (ee) (ff) III-6

350 (viii) (ix) (x) (30) (b) III-7

351 (c) (i) (ii) (iii) (iv) (v) (d) III-8

352 (e) (21) (10) (95%) (21)(10) (15) (f) III-9

353 (g) (15) (18) (h) III-10

354 (21) (i) (21)(20) (e) (21)(10) (14)(10) III-11

355 (i) (ii) (95%) (aa) (bb) (cc) (dd) (ee) (ff) (20%) (gg) (j) III-12

356 (30) III-13

357 (k) (l) (m) (i) (ii) (a) (b) III-14

358 (n) III-15

359 (o) 20% (14) (20%) (p) (2) III-16

360 (q) (r) 3(f) (s) (i) (ii) III-17

361 (t) (i) (ii) (iii) (3) (u) 3. III-18

362 (a) (b) (a)(b) (c) 37 (d)(e) III-19

363 (c) (d) III-20

364 (e) (m) (f) (a) (b)(c) III-21

365 (a)(b) (c) (d) (g) (h) (i) (ii)(iii) (i) III-22

366 (j) 6 (1) (2) (k) (l) (m) III-23

367 (n) (28) III-24

368 (21) (o) (75%) (p) (4) (90%) (4)(2) (1) III-25

369 (q) 4. Conyers Dill & Pearman (Cayman) Limited III-26

370 A XI ,000 38,000, Codan Trust Company (Cayman) Limited Twilight Treasure 1,962,000, ,000 20,000,000 Fortune Decade Twilight TreasureWin Vision (i)fortune Decade Twilight Treasure 533,300466,699(ii) Twilight Treasure [ ] [ ] [ ] [ ] [ ] IV-1

371 3. (a) (b) 1,962,000, ,000 38,000,00020,000,0002,000,000,000 (c) Twilight Treasure Fortune Decade Win Vision(i)Twilight Treasure Fortune Decade 466,699533,300 (ii) Codan Trust Company (Cayman) Limited Twilight Treasure (d) (i) (ii) (i) [ ] [ ] [ ] (ii) (iii) [] 8,390, ,000,000 IV-2

372 (iv) (a) (b) (c)[ ] (aa)[ ] 20%(bb)(v) (v) [] 10% (vi) (iv) (v) IV-3

373 4. (a) Win Vision50,000 50, , ,997 Fortune Decade Twilight Treasure (b) Codan Trust Company (Cayman) Limited Twilight Treasure (c) Win Vision Twilight Treasure Win Vision (d) Win Vision Twilight Treasure Win Vision (e) Win VisionGarwealth Twilight Treasure Win Vision (f) Win Vision Twilight Treasure Win Vision (g) Win Vision Fortune Decade Win Vision IV-4

374 (h) Win Vision Twilight Treasure Win Vision (i) Win Vision Fortune Decade Win Vision (j) 1,962,000,000380,000 20,000,000 (k) Twilight Treasure Fortune DecadeWin Vision (i)twilight Treasure Fortune Decade 466, ,300(ii) Twilight Treasure (A) IV-5

375 (i) [ ] 10% (ii) (B) (C) IV-6

376 [] [ ] (D) 26 B. IV-7

377 (a) Twilight Treasure Fortune Decade Twilight Treasure Fortune Decade Win Vision(i) Fortune Decade Twilight Treasure 533,300466,699 (ii) Twilight Treasure (b) Win VisionGarwealth Win VisionGarwealth Win VisionFortune Decade Twilight Treasure 2 12Win Vision (c) (d) (e) C IV-8

378 KWAN ON HOLDINGS KWAN ON HOLDINGS IV-9

379 kwanonconstruction.com D. 1. [ ] [ ] XV % Twilight Treasure 1 2 Success Ally 2 3 [](L) [] [](L) [] IV-10

380 Fortune Decade [](L) [] [](L) [] 1. Fortune Decade Twilight Treasure[ ] [ ] 2. Twilight Treasure Success Ally Decade Success 87.5% 12.5% 3. Success Ally 4. Fortune Decade 5. [ ] L 2. [ ] XV XV IV-11

381 [](L) [] [](L) [] L 1. Fortune Decade Twilight Treasure[ ] [ ] 2. Twilight Treasure Success Ally Decade Success 87.5% 12.5% 3. Success Ally 4. Decade Success 3. 10% IV-12

382 1,440,000 1,140, , , , ,000 3,502,000 3,582,000 IV-13

383 (a) [] [] XV2 3 10% (b) XV XV (c) IV-14

384 (d) (e) (f) (g) E. (a) IV-15

385 (b) (c) (a) (b) (c) (d) (i) 10% [] []10% 10% IV-16

386 10% (ii) 10% (iii) 30% (iv) 12 1% 12 1% IV-17

387 (e) (f) (i) IV-18

388 (ii) (aa) (bb) (g) (h) (i) (h) 12 IV-19

389 (j) (d) (k) (A) (aa) (bb) (cc) d(i) (dd) (aa) IV-20

390 (bb) (cc) (dd) (ee) (B) (l) (m) IV-21

391 (n) (o) (o) (p) IV-22

392 (q) (r) (i) (ii) (iii) IV-23

393 (s) (i) (ii) (iii) (t) 12 (i) 0.1% (ii) 500 (aa) IV-24

394 (bb) (cc) (u) (i) (ii) (h) (i) (n) (iii) (l) (iv) (o) (v) (vi) (vi) (vii) (m) (viii) (g) IV-25

395 (ix) (j) (v) (w) (k) (x) 10% (y) IV-26

396 F (a) (b) 2 (c) 2 (d) (e) 2 [ ] IV-27

397 (1) 2. (i) 952 IV-28

398 (ii) 1,215, , (iii) , IV-29

399 185,000 69, (iv) % 341, ,000 (v) ,000 1,253,000 (vi) 270 IV-30

400 (vii) % 59,000 (viii) 282 2% 37, A IV-31

401 , Fortune Decade Twilight Treasure Fortune Decade Decade Success Success Ally Twilight Treasure 12.5% 87.5% P.O Box 957, Offshore Incorporations Centre, Road Town, Tortola, BVI P.O Box 957, Offshore Incorporations Centre, Road Town, Tortola, BVI [] 60,000,000 60,000,000 IV-32

402 8. Conyers Dill & Pearman (Cayman) LimitedCDP CDP A 44B 11. [] [] IV-33

403 12. (a) (i) (ii) (iii) (iv) (v) (b) (c) (d) IV-34

404 (a) (b) (c) (d) (e) CDP (f) (g) (h) (i) (j) V-1