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4 2 Clarendon House Church Street Hamilton HM 11 Bermuda A2202 Conyers Dill & Pearman MUFG Fund Services (Bermuda) Limited The Belvedere Building 69 Pitts Bay Road Pembroke HM08 Bermuda

5 3

6 4 :

7

8 6 We are the Champion We are the Champion 2014

9 7 40 Superman Live with a dream FacebookYoutube

10 (DSA) (OYSA)

11

12 10 Midland Holdings Limited * 63,975,000 23% 4,118,267, ,037, % 16% 23% 1, *

13 11 16% 30% 11% 28% 7.5% 7%

14 12 12%

15 13 0.6%

16 14 6.

17 Sunluck Services Limited Southern Field Trading Limited XV 64LL.B., P.C.L.L. Man Wah Holdings Limited

18 16 59 Midland IC&I Limited* Sunluck Services Limited Southern Field Trading Limited XV 34 mreferral Corporation Limited *

19 mreferral Corporation Limited

20

21 Hongkong Chinese Limited * *

22 20 22 (i)

23 21 (ii) (iii) 16 17

24 22 (iv) 27 A.1.1 A.1.3 A.7.1 A.1.3 A.7.1 (v) A 3.13 (vi) (3)

25 23 (vii)

26 24 (i) (ii) 3.10(2)

27 25 (ii) (iii) 0 2,000,000 2,000,001 4,000, ,000,001 6,000,000 6,000,001 8,000,

28 26 (iv)

29 27 6/6 4/4 4/4 1/1 1/1 5/5 2/2 3/3 3/3 1/1 1/1 6/6 0/1 1/1 6/6 4/4 4/4 1/1 1/1 6/6 1/1 1/1 6/6 1/1 1/1 6/6 1/1 1/1 6/6 3/3 4/4 4/4 1/1 1/1 6/6 3/3 4/4 4/4 1/1 1/1 6/6 3/3 4/4 4/4 1/1 1/1 6/6 3/3 4/4 4/4 1/1 1/1

30 ,234 3, ,369 4,263

31 29 F (

32 30 (i) (ii) (iii) investor@midland.com.hk

33

34 / / st 5 ERB1st 6. ICC

35

36 Love Love

37 35 36(i) ,000821,

38 36 701,481,000701,289,

39 37 (a) (b) (i) (ii) (iii)

40 38 (c) 21,927, % (d) 1% (e) 0.1% 5,000,000

41 39 (f) (g) 1 (h) (i) (ii) (iii) (i)

42 ,604,580 3,604, ,604,580 3,604, ,604,580 3,604, ,604,580 3,604, ,604,580 3,604, ,604,580 3,604, , , , ,000 21,927,480 21,927,480 3(q)(iii)

43 41 (a) (b) (c) 150,000, %680,000, % (d) 1%

44 42 (e) 0.1% 5,000,000 (f) (g) 1 (h) (i) (ii) (iii)

45 43 (i) ,000,000 5,000, ,000,000 5,000, ,000,000 5,000, ,000,000 5,000, ,000,000 5,000, ,000,000 5,000, ,000,000 5,000,000

46 ,000,000 30,000, ,000,000 30,000, ,000,000 30,000, ,330,000 3,330, ,330,000 3,330, ,340,000 3,340, ,000,000 5,000, ,000,000 5,000, ,000,000 5,000,000 20,000, ,000, ,000, (c)(iii) 3(q)(iii)

47 45 XV 352 (i) 24,490, ,340,144 7,209,160 7,209, ,248, % ,830,144 7,209,160 7,209, ,248, % ,209, ,209, % 150, , % 150, , % 1. Sunluck Services Limited Southern Field Trading LimitedSunluck Services Limited 100%

48 46 (i) (ii) 2,000,000 1,320, ,000, ,320, % 10,000, ,000, % 15,000, ,000, % XV 352

49 Southern Field Trading Limited 1 161,340,144 (L) 22.47% Sunluck Services Limited 1 161,340,144 (L) 22.47% Apex Benchmark Limited 75,666,000 (L) 10.54% Edgbaston Asian Equity Trust 2 35,982,000 (L) 5.01% Edgbaston Investment Partners Limited 2 50,322,000 (L) 7.01% Massachusetts Financial Services Company 3 36,045,000 (L) 5.02% Sun Life Financial, Inc. 3 36,045,000 (L) 5.02% UBS AG 4 7,111,844 (L) 0.99% 8,196,000 (L) 1.14% 24,770,000 (L) 3.45% 4,035,548 (S) 0.56% 24,272,000 (S) 3.38% (L)(S)

50 ,340, Edgbaston Investment Partners LimitedEdgbaston Investment Edgbaston Asian Equity TrustEdgbaston Trust Edgbaston TrustEdgbaston Investment 3. Sun Life Financial, Inc.SLF36,045,000 Massachusetts Financial Services CompanyMFS 100% 36,045,000MFS Sun Life of Canada (U.S.) Financial Services Holdings, Inc.90.89%Sun Life Financial (U.S.) Investments LLCSLF (US) I99.87% SLF (US) I Sun Life Financial (U.S.) Holdings, Inc.Sun Life Assurance Company of Canada U.S. Operations Holdings, Inc.SLACC SLACC Sun Life Global Investments Inc.SLF MFS SLFMFS36,045,000 SLF 4. UBS AG530, % 35

51 49 (A) , , B ,000 (B) 4. Vision Dynasty Limited 39 E 102, B ,000

52 50 (C) , Gold Sphere Limited 29 29A 29B 31 31A 31B E 51, , , , #2# 107B 17,000 21,368

53 51 (C) , P18 P19 4, Gold Sphere Limited 29 29A 29B 31 31A 31BD 61,000 (D) ,000 (E) , ,425

54 52 (F) B , Vision Dynasty Limited 39 E 108,900 14A.55 i. ii. iii A

55 B(1) , , , , , , , ,

56 54 25% Midland Holdings Limited * *

57 55 1,764,485,0001,434,300, ,118,000424,011, , , ,947 2,895 4,298 5, , , %27.76% ,000,000 95,795,000 90,471,00071,740,000 58,310,0001,000,000 3,400,000307,620,000

58 ,2119,4928,

59

60 58 6 4,118,267 3,343, ,530 17,198 9 (2,192,571) (1,876,427) (736,558) (481,580) (78,864) (100,508) (575,644) (615,200) (69,047) (126,075) (53,663) (58,057) (299,087) (312,921) ,363 (209,598) 12 3,196 6, (19,791) (4,043) 22 11,547 7, ,315 (199,962) 13 (39,557) 1,848 74,758 (198,114) 63,975 (204,037) 10,783 5,923 74,758 (198,114) (28.42) 8.91 (28.42)

61 59 74,758 (198,114) 11 1,090 (1,455) 2, ,355 (996) 78,113 (199,110) 67,330 (205,041) 10,783 5,931 78,113 (199,110)

62 , , ,910 86, ,333 1, ,358 56, ,566 15, ,652 35, , , ,990,038 1,450,795 1,337 3, ,764,485 1,434,300 3,755,860 2,888,722 4,096,420 3,273,206

63 ,805 71, , , ,110,799 1,042,590 1,406,109 1,337, , ,648 1,606,540 1,527, ,857 2, ,041,096 1,311, , ,011 19,809 7,662 2,487,023 1,742,826 2,489,880 1,745,658 4,096,420 3,273,206 1,268,837 1,145,896 1,609,397 1,530,380

64 , , , ,624,310 2,608, ,626,333 2,610,946 2,734,834 2,719, ,805 71, , , , ,423 1,035,925 1,035, ,166 19, ,677,743 1,663,776 1,698,909 1,683,714 2,734,834 2,719, , ,232 1,035,925 1,035,733

65 , ,505 1,042,590 1,337, ,648 1,527,548 63,975 63,975 10,783 74,758 1,090 1,090 1,090 2,265 2,265 2,265 67,330 67,330 10,783 78, , ,505 1,110,799 1,406, ,431 1,606,540 71, ,505 1,315,242 1,610, ,717 1,794,269 (204,037) (204,037) 5,923 (198,114) (1,460) (1,460) 5 (1,455) (205,041) (205,041) 5,931 (199,110) 4,194 4,194 4,194 (71,805) (71,805) (71,805) (67,611) (67,611) (67, 611) 71, ,505 1,042,590 1,337, ,648 1,527,548

66 64 31(a) 371,753 (132,676) (8,349) (30,330) (2,478) (525) (19,791) (4,043) 341,135 (167,574) 31(b) (1,506) 17 (22,227) (73,556) ,354 4,178 7, ,196 6,187 4,620 4,650 (10,050) (32,061) 1,800, ,000 (1,768,912) (220,896) (71,805) (3,400) 27, , , ,664 1,400,191 1,284,678 (2,879) 2, ,756,085 1,400,191

67 65 1 Midland Holdings Limited * Clarendon House, Church Street, Hamilton HM11, Bermuda (a) 32 5 (b) *

68 66 2 (c) (a) (i)

69 67 3 (a) (i) (ii) (iii)

70 68 3 (b) (c) (i) (ii) (iii)

71 69 3 (d) (e)

72 70 3 (e) (f) (g) (i)

73 71 3 (g) (ii) (h)

74 72 3 (i) (j) (k) (l) (m)

75 73 3 (n) (o) (p)

76 74 3 (q) (i) (ii) (iii) (a)

77 75 3 (q) (iii) (b) (r) (s) (t)

78 76 3 (u) (v) 4 (a) (i) (ii)

79 77 4 (a) (iii) (iv) 29 1,764,485,0001,434,300, ,041,096 21, , ,609 2,041,096 21,166 1,311,153 19, ,700 90, ,700 1,401,765 19,938

80 78 4 (b) 426, ,011 1,606,540 1,527, % 27.76% 3,755,860 2,888,722 2,487,023 1,742,

81 79 4 (c) (i) (ii) (iii) 12,566 12,566 15,071 15,071 18

82 80 5 (i) (ii) (iii) 18 (iv)

83 81 6 4,078,198 3,297,104 33,820 27,713 2,874 3,312 1,525 1,916 11,479 1,850 2,448 4,118,267 3,343, ,564, ,034 48,121 4,241,279 (87,646) (27,314) (8,052) (123,012) 3,476, ,720 40,069 4,118, ,989 23,959 19, ,733 55,125 13,922 69,047 42,276 9, ,466 11,547 11,547 2,615 2,615 21, ,227

84 82 7 2,762, ,981 54,800 3,454,554 (63,463) (39,187) (7,932) (110,582) 2,699, ,794 46,868 3,343,972 (196,897) 13,796 20,991 (162,110) 80,508 45, ,075 46,832 8,830 1,198 56,860 7,492 7,492 5,636 5,636 62,279 10, , ,733 (162,110) (33,231) (43,505) (12) (592) 3,521 3,196 6,187 (19,791) (4,043) 114,315 (199,962)

85 83 7 2,536, , ,352 3,611,823 63,358 63,358 1,743, ,593 30,459 2,039,056 1,585, , ,689 2,572,244 56,431 56,431 1,051, ,138 28,453 1,269,168

86 84 7 3,611,823 2,572, , ,971 21,652 35,920 12,566 15,071 4,096,420 3,273,206 2,039,056 1,269, , ,658 2,857 2,832 2,489,880 1,745,658 3,476,196 2,676, , ,646 4,118,267 3,343,972

87 ,615 5,636 2,254 2,205 (592) 3,521 4,507 3,582 6,530 17, , ,721 1,361, ,165 75,352 87, ,194 2,192,571 1,876,427

88 86 10 (a) 3, , ,831 1, ,011 5,313 1, , , ,743 1, , ,764 3, , , ,238 15,424 3, ,062 Midland IC&I Limited*7, ,000 68,000102,000 7,288,0002,811,000 2,180,000 *

89 87 10 (a) 4, , , ,851 5, ,411 2, ,273 1,565 1, ,706 2, , ,668 1, , , ,308 11,235, ,893 1, ,421 2,097,000 6,740,0003,948,000 35

90 88 10 (a) (b) 2, , ,488 5, ,682 3, ,208

91 ,196 6,187 (19,612) (3,847) (179) (196) (19,791) (4,043) (16,595) 2, ,524 11,544 2, ,293 (14,070) 39,557 (1,848) 16.5%16.5%

92 ,315 (199,962) (11,547) (7,492) 102,768 (207,454) 16.5%16.5% 16,957 (34,230) (3,309) (7,149) (873) (3,468) 959 1,657 (6,441) (479) 32,279 42,552 (15) (731) 39,557 (1,848) ,0001,012,000 15

93 ,975 (204,037) 718, , , , (28.42) 8.91 (28.42)

94 , ,092 67, ,536 4, ,791 (97,669) (196,078) (46,600) (157,038) (3,800) (501,185) 93,056 36,014 21,155 38, ,606 93,056 36,014 21,155 38, ,606 14,189 2,755 5,283 22,227 (446) (1,639) (1,458) (3,543) (1,930) (29,682) (6,468) (15,190) (354) (53,624) (17) (454) (441) (13) (925) 91,109 19,621 15,362 27, , , ,927 64, ,276 4, ,304 (99,597) (197,306) (49,350) (165,156) (4,154) (515,563) 91,109 19,621 15,362 27, , , ,464 57, ,710 4, ,815 (95,738) (187,805) (43,300) (149,394) (3,508) (479,745) 94,969 32,659 14,386 36, ,070 94,969 32,659 14,386 36, ,070 37,062 13,168 22, ,556 (1,138) (626) (3,325) (5,089) 31(b) (43) (10) (611) (664) (1,931) (32,896) (6,119) (16,780) (292) (58,018) ,056 36,014 21,155 38, , , ,092 67, ,536 4, ,791 (97,669) (196,078) (46,600) (157,038) (3,800) (501,185) 93,056 36,014 21,155 38, ,606

95 ,939 43,352 23,456 24,214 66,395 67,566 90,471,00067,765, ,975, , , ,615 5,636 (22,100) (754) ,910 86,049 8

96 , , , , % 5.20% 3.25% 4.5%) 4.70% 5.60% 4.0% 5.0%) 87,910 14,860 14,200 43,450 41,720 58,310 55,920 14,725 14,744 14,875 15,385 29,600 30,129 87,910 86,049 58,310,0001,000,000 29

97 ,407 1,411 (39) (39) (35) 35 1,333 1,407 1,333 1, , ,501 36(i) 21

98 ,358 56,431 12,044 12,044 36(ii) 11,547 7,492 11,547 7,492 63,358 56, ,566 15,071

99 ,876,857 1,365,386 (185,006) (196,448) 1,691,851 1,168, , , ,135 1,990,038 1,450, ,135 1,646,247 1,053, ,386 34, ,617 36, ,547 9, ,054 33,700 1,691,851 1,168,938 45,604,000114,980, ,006,000196,448,000

100 , ,925 69, ,075 (80,489) (137,582) (970) 185, ,448 47,695, ,620,000

101 ,187,548 1,018, , ,504 1,764,485 1,434, a (5,000) (5,128) (28,981) b (3,400) 1,756,085 1,400, (a) (b) 5,000,0005,128,000 3,400, ,640,000618,610, ,676,000115,163,000

102 ,046,005 71, , ,310 (a) (b) (i) ,904,580 3,904, ,604,580 3,604, ,209,160 7,209, ,209,160 7,209,160 21,927,480 21,927,480

103 (b) (ii) ,927, ,077, (150,000) ,927, ,927, ,194,000 (c) (i) ,000,000 20,000, ,330, ,330, ,340, ,000,000 20,000,000

104 (c) (ii) ,000, ,000, ,000, ,000, ,000,000 (iii) % 0%1.3% 150,000,000 20,000,000 63,330,000 20,000, ,000

105 ,917 (11,553) 12 34,615 22,872 (2,643) 10, ,270 1,042,590 63,975 63,975 1,090 1,090 2,265 2, ,917 (11,553) 12 35,494 23,962 (378) 10,100 1,048,245 1,110,799 4,917 (11,553) 12 30,675 24,324 (3,091) 10,100 1,259,858 1,315,242 (204,037) (204,037) 8 8 (1,460) (1,460) ,194 4,194 (254) 254 (71,805) (71,805) 4,917 (11,553) 12 34,615 22,872 (2,643) 10, ,270 1,042,590

106 ,917 34, , , , ,917 34, , , ,615 4,917 30, , , ,022 1,012 1,012 4,194 4,194 (254) 254 (71,805) (71,805) 4,917 34, , , ,423 Astra Profits Limited 28 1,389, , , ,727 21,166 19,938 2,041,096 1,311,153 21,166 19, ,025,000110,125,000

107 , ,894 90, , , ,947 2,895 2,947 2,895 4,298 5,292 4,298 5, , ,011 90, , , , ,981 90, , ,981 9,118 10,030 9,118 10, , ,011 90, , ,011 28, , ,030 17,000 45,000 90, , ,

108 , , , , ,000 95, (21,652) (35,920) 2,857 2,832 (18,795) (33,088) (33,088) (19,054) 13 14,293 (14,070) 36 (18,795) (33,088)

109 (16,797) (2,230) (3,132) (22,159) (14,749) (14,015) (16,236) (2,021) (17,881) (36,138) 1,814 (1,243) 13,915 14,486 (14,422) (3,264) (3,966) (21,652) 3,050 3,105 (193) (55) 2,857 3, ,266,000472,614,00097,839, ,619, ,651,000235,665,000

110 (5,806) (19,709) 12 (15,846) (16,211) (21,652) (35,920) 12 2,392 1, ,857 2, (a) 119,363 (209,598) 69, ,075 53,663 58,057 (2,615) (5,636) (2,254) (2,205) 592 (3,521) 3,488 5, , ,417 (29,833) (611,120) 245, ,456 (348,056) 371,753 (132,676)

111 (b) , (8,609) 3,506 (216) 11 2,205 2,000 2,000 (3,506) (1,506) ,700,000542,700, ,179,000425,701,000

112 ,734 2,420 2, ,649 2, (a) (b) 453, , , ,187 1, , ,344

113 (a) (i) 9,094 10,722 (ii) 213 1,049 (iii) 973 1,262 (iv) 3,360 1,174 (b) (v) 18,126 30, , ,011 34,742 (i) (ii) (iii) (iv) (v)

114 (i) % Astra Profits Limited a ,606, b, c b 25, b b b b b 13,700,000, b 39,100, b b 500, b 500, b 500, b 25, b 500, b 10, ,000,

115 (i) % b 1, b 1,000, b 10, b Teston Profits Limited b b b b, c 41,500, b, c 5,400, b, c 13,510, b, c 3,400, b, c 2,147, ,065, b, c b b b Midland IC&I Treasury Services Limited b b

116 (i) (a) (b) (c) (ii) mreferral Corporation Limited 50%/50%/50% 50%/50%/50% Vision Year Investments Limited 10%/50%/10% 10%/50%/10%

117 C1 110 B % % 9 A % 320 Kowloon Tong Centre % L % 12R % P % % 8 1 1D % 81 1D %

118 116 4,118,267 3,343,972 3,910,670 3,397,723 3,736, ,315 (199,962) 357, , ,167 63,975 (204,037) 249, , , ,135 (167,574) 234, , ,292 4,096,420 3,273,206 3,488,835 2,776,673 3,192,303 2,489,880 1,745,658 1,694,566 1,133,669 1,308, , , , , ,476 1,606,540 1,527,548 1,794,269 1,643,004 1,883,545 1,764,485 1,434,300 1,289,966 1,249,009 1,601, (28.42)

119

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