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1 FAVA INTERNATIONAL HOLDINGS LIMITED * : *

2

3

4 Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda ) CPA, FCCA HSBC Securities Services (Bermuda) Limited 6 Front Street, Hamilton HM 11, Bermuda )

5 39,165,000 38,675,000 ( ) 1.71% 67,955,000 25% 75% 194,232,000(190,970,000)

6 233,397, %96,233,000 39,165,000 38,675,000 28,278,000 80,000,000 Profit Value Group Limited Profit Value Group Limited 30 60% ,232, % 13,030,000 5,0456,

7 1,450 1,780 51,457,000 67,955,000 19,600,000 Fancy Collection Inc. 25% 45,000,000 Fancy Collection Inc. Future Step Development Limited 75% 70,000,000Future Step Development Limited General Asia Holdings LimitedGeneral AsiaFancy Collection Inc.Fancy Collection General Asia Fancy Collection Trader Group International Limited 2, % 45,000,

8 EMAX Venture LimitedEMAX EMAX Profit Value Group LimitedProfit Value Profit Value 80,000,000 Profit Value Sun Finance Company Limited 35,000,000 42% 0.10 (3) EMAX 72,000,000 EMAX EMAX5 34,500,000(i) 20,000,000 (ii) 14,500,000 35,000, ,000,

9 100,000, ,000,000 98,450,000(i) 36,300,000 (ii) ,000,000 1,485,884,101 (i) 1,758,355, %(ii) 45.8% ,397, % % % % % 19.62% % % % (95.95%) % % % % %

10 ,258,000 50,416, %12.85% 39,056,000 11,000(i) 2 75,000(ii) 34,981,00057(iii) 4,000,000 1,758,355, , ,082 25,905,000 31,936, % 0.01% 125,431,000232,381,000

11 44 Alwin Asia Investment Limited General Asia Holdings Limited EMAX Venture Limited Profit Value Group Limited 60% *(International Hotel Management Institute) Netica Venture Limited

12

13 * % 9.4% 29.1% 15.1%

14 5% 25,

15 ,600, % 1% 1% 527,506,

16 (A) XV XV ,548, ,598, ,146, % (1) 1,758,355,970 (2) True Allied Assets Limited True Allied Assets Limited

17 XV78 XV 352 (B) 5% True Allied Assets Limited 351,598, % (1) 1,758,355, %

18 *

19 15 A.2.1 A

20 (1) (2) (3) (4) (5) 19/19 100% 19/19 100% 1 17/17 100% 19/19 100% 19/19 100% 2 17/17 100% 3 2/2 100%

21 (13) (1) Profit Value Group Limited (2) (3) (14) (15) (16) (17) (4) (5) (1) (2) (6) (7) (8) (3) (9) Trader Group International Limited 25% (10) (11) (12) A.6.7 A

22 2/2 2/2 0/2 0/2 1 0/2 0/2 0/2 1/2 0/2 0/2 2 0/2 0/2 3 (1) (2) (3) A.6.7 A.2.1 A

23 A

24 (a) (b) (c) (d) 650, , ,200

25 (2) (21) (3) fava.com.hk (852) (i) (ii)100 a) (21)(10) b) (14)(10)

26

27 11 31 FAVA INTERNATIONAL HOLDINGS LIMITED 2899FAVA International Holdings Limited

28 P

29 7 39,165 7,644 (42,633) (7,124) (3,468) ,987 (4,233) (403) (19,824) (8,409) 9 (20,278) (8,091) 10 (8,000) (4) (28,278) (8,095) 13 (28,278) (8,095) 14 (67,955) (44,425) (96,233) (52,520) 1,345 8,956 (94,888) (43,564) (80,210) (52,520) (16,023) (96,233) (52,520) (78,914) (43,564) (15,974) (94,888) (43,564) 17 (4.56) ( (1.27) (0.46)

30 18 3,559 26, ,996 1, ,882 89,555 32, , ,129 3, , ,875 86, ,352 50, ,240 1,390 39, , ,123 23, , , , ,005 8, , , ,000 5, ,981 86, , , , , , ,

31 214, , , , ,517 3,517 39(a) 174, , , ,402 37,195 (8) 214, ,

32 , , ,991 21, , ,465 1, , ,981 48,446 1,421 (26,565) 114,171 (26,565) 114, ,517 3,517 39(b) (30,082) 110,654 (26,565) 114,

33 3, ,838 36,000 3,174 35,631 43,500 (32,562) 306, ,070 (52,520) (52,520) (52,520) 8,956 8,956 8,956 8,956 (52,520) (43,564) (43,564) (8) (8) (690) ,696 (828) 1,896 1,896 3, ,534 36,000 1,656 44,587 43,500 (84,392) 264,402 (8) 264,394 (80,210) (80,210) (16,023) (96,233) 1,296 1, ,345 1,296 (80,210) (78,914) (15,974) (94,888) 41 53,177 53, (8,177) (8,177) (8,177) (1,656) 1,656 (45,883) (43,500) 89,383 3, ,534 36, (171,123) 89, ,740 37, ,

34 (28,278) (8,095) (67,955) (51,082) (96,233) (59,177) 8 (8,000) 7 (188) (37) 18 13,716 18, , ,255 7, , ,406 2, ,144 8, , (777) (1,222) 26 (376) (3,786) 10 8,000 4 (61,040) 1,872 40,200 (47,409) (9,003) 3,372 (2,378) 37,629 (26,842) (1,390) (12,068) 12,114 9,873 2,812 (21,574) 24,014 10, (1,000) (5,000) (72,839) 28,062 (2) (4) (72,841) 28,

35 (4,710) (1,166) (6,000) 24, (44,996) (1,000) (3,129) (3,723) 3,743 (30,851) (5,852) (7,588) 1,896 35, ,000 (28) (15) 72,384 1,881 (31,308) 24,087 50,416 25, ,258 50, ,258 50,

36 1. FAVA International Holdings Limited

37 (a) (b) (c)

38

39 (a) (b)

40

41 3. (i)(ii) (iii)

42

43

44

45 3. (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i)

46 3. 18% 18% 20% 30%

47

48

49

50

51

52

53

54

55 3. (a) (b) (c)

56

57 3. 4. (A) (B) 16 (C)

58 4. (D) 20 85,996,000 1,013,000 (E) 5. (A) 33,907 94,022 3,129 3,723 37,036 97,745 85,466 59,702 21, ,711 48,446 1,

59 5. (B) 1,121 5,884 7,

60 5. (B) 5%5% 5% 5% 5% (i) (294) (319) (ii) (5) (10) (i) (ii)

61 5. (B) 10%312, ,

62 5. (B) ,005 35,005 35,005 11,043 11,043 11,043 4,000 4,000 4, ,000 35,000 34,981 85, ,492 85,466 46,009 46,009 46,009 8,632 8,632 8, ,000 5,000 5, ,706 59,706 59,702 6,465 6,465 6,465 7,000 7,000 7, ,000 35,000 34,981 48,465 48,465 48,446 1,421 1,421 1,

63 5. (B) (i) (ii) (iii) 3,129 3,129 3,723 3,

64 5. (C) # 39, , , % % #

65 6. 8 (A) 39,165 7,644 (17,083) (1,022) , (11,455) (7,270) (8,000) (4) (28,278) (8,095) (28,278) (8,095)

66 6. (A) 249, , ,415 1, , ,961 8,189 30, , ,337 76, ,171 2, , ,175 84,015 6, , ,

67 6. (A) 13,163 18, ,716 18,377 2,405 2,405 1,307 11,255 6,217 11,255 7, ,157 4, ,802 1,166 1,013 1,013 26,869 26,869 6,406 2,187 6,406 2,187 4,144 8,728 4,144 8,

68 6. (B) 21, , , , , ,165 7,644 39,165 7,644 7,120 7,120 21, , ,439 39,165 7, , ,614 31,000 79,996 79,996 31,000 9, ,013 9,559 1,013 31,000 89, ,013 89,555 32,013 (C) 194, ,439 21,531 39,165 7, , ,

69 6. (C) 39,165,00010% 7,644,000 7,500,000 10% 7. 39,165 7, , ,439 21, , , , ,

70 8. 8,000 (1,013) 6,987 Profit Value Group Limited40 8,000, , , ,276 1, ,567 1,

71 ,113 2, , ,476 1, ,691 2,121 (A)

72 11. (B) ,200 1, , , , , , ,

73 11. (B) ,745 1, ,789 1,276 1,000,

74 13. 6,657 6,657 % % (28,278) (8,095) (67,955) (51,082) (96,233) (59,177) (20,714) (21.5) (14,131) (23.8) 1, , , (5,591) (5.8) (1,307) (2.2) (33) (0.0) (2) 18, , (6,657) (11.2) (6,657) (11.2)

75 13. 16, , General Asia Holdings LimitedGeneral Asia General Asia Trader Group International Limited1.00 7,50075%70,000,

76 , ,970 (207,262) (164,369) (9,399) (32,682) (18,062) (24,852) (27,471) (20,597) (67,955) (51,082) 6,657 (67,955) (44,425) (57,845) (44,425) (10,110) (67,955) (44,425) 13,163 18,369 (34,292) 1,303 23,359 (1,149) (10,689)

77 15. 16,031,000 4,990,000 39(b) (80,210) (52,520) (22,365) (8,095) 1,758,356 1,754,

78 18. 95,361 3, , , , ,166 (3,621) (3,621) (54,906) (54,906) 3, , ,507 99, , , , ,021 4,802 (102) (102) (100,317) (205) (6,978) (107,500) , ,452 57,084 3, , ,703 66,923 15, ,125 1,430 18,377 (3,621) (3,621) (3,711) (3,711) 2, ,592 75, ,270 80,560 12, ,716 (102) (102) (87,839) (168) (5,705) (93,712) , ,559 24, ,516 26,118 74,000 92,

79 19. 78,717 (81,459) 2,742 78,717 (81,459) 2,

80 20. (i) (ii) (iii) (iv) 9,436 9,436 1,013 1, ,765 1,013 10,778 6,000 6, ,996 79,996 (9,765) (9,765) 6,000 79,996 1,013 87,009 7,077 7,077 2,405 2, ,765 9,765 (9,765) (9,765) 1,013 1,013 1,013 1,013 6,000 79,996 85,996 1,013 1,

81 20. (i) 22.05% (ii) 40Profit Value Group LimitedProfit ValueProfit Value 21.06% (iii) (iv)

82 21. 15,614 9,765 (7,524) (2,212) ,074 (11,255) (4,908) ,192 4,882 16,074 6,309, ,765,

83 (i) (78) (78) ii 82, ,897 (61,322) (48,177) 21, ,720 48,177 53,056 iii 14,930 iv (1,785) (4,879) 61,322 48,177 (i) (ii) (iii) (iv)

84 22. Alwin Asia Investment Limited 10, % 100% 1 100% 100% EMAX Venture Limited 1 100% 100% General Asia Holdings Limited 1 100% 100% Trader Group International 10,000 75% 75% Limited 13,700,000 75% 75% 1 100% 100% 10,000 60% 60% 1,000, % 100%

85 % 100% Profit Value Group Limited* 1 100% 100% * 1 100% 100% 1,000, % 100% * * Profit Value Group Limited ,471 27, , ,934 2,436 (2,436)

86 24. 3,129 3, ,891 (9,675) ,216 9,675,

87 , , , , , ,216 30,452, ,441 23,011 30,452 9,675 8,403 (777) (1,222) 6,406 2, (15,356) 9,

88 26. 6,309 4,883 1,735 81, , , , (13,445) 1,875 86, ,445 8,145 (376) (3,786) 4,144 8, (17,285) 13,445 72,971, ,352 50, ,991 13,906 19,258 50, ,

89 27. 16,311,000 35,895, ,240,000 1,390, (i) (ii) 13,788 23,924 98,343 45,503 77,583 13, ,123 23,924 33,828 10,538 32,290 76, ,467 23,924 (i) 14 (ii) 23,924,000 50,793,00023,924,00026,869,

90 , , , , , ,000 4,000 4,000 1,478 2,822 1,149 2,527 4,661 2,465 1,421 35,005 8,632 6,465 1,421 4,000, ,

91 (7) (4) (24) (11)

92 36. 35,000,00042% % 57% 35,000 (34,571) ,571 5,113 (4,703) 34, ,000, , ,744,556 3, , ,758,356 3,

93 % 27,600, %

94 39. (A) 32 36,000,000 10% 50% 5% 14,499 29,001 43,500 (14,499) (29,001) (43,500)

95 39. (B) 216,838 36,000 (147,115) 3, , (690) 2,696 (828) 1,868 (111) (111) 219,534 36,000 (146,536) 1, , ,656 (1,656) (141,165) (141,165) 219,534 36,000 (286,045) 429 (30,082) 36,000,

96 40. Profit Value EMAX Venture Limited Profit Value80,000,000Profit Value 3 20(ii) 4 4 (1,005) (1,005) 20 79,996 79,996 (1,001) 79,996 78,995 1,005 80,000 80,000 (80,000) 4 (79,996) 45,000,00027,000,000 44,996,000 Profit Value 71,000 29,087,

97 40. 60%1,000,000 (21) (21) 20 1,013 1,013 (21) 1, ,000 1,000 (1,000) (1,000)

98 41. Trader Group25% 45,000,000 53,177,000 8,177, ,600, %1.6% 2010A B A 27,600,000 (27,600,000)

99 A 41,400,000 (13,800,000) 27,600, B 13,800,000 (13,800,000) 55,200,000 (13,800,000) (13,800,000) 27,600, A 13, , , ,

100 45. (a) 3,172 2, ,229 2, General Asia Future Step Development LimitedFuture StepFuture StepGeneral Asia General Asia Trader Group International Limited 7, Trader Group International Limited 75 70,000,

101 39, , , , ,827 (42,633) (156,923) (171,930) (252,309) (323,895) (3,468) 20,160 9,408 45, , ,473 3,496 6,987 (32,509) 14,124 (26,877) 88 (4,233) (20,942) (15,981) (45,896) (43,521) (19,824) (28,442) (24,918) (33,755) (35,985) (61,576) (11,868) (8,004) (20,278) (61,423) (24,402) (120,480) 66,142 (8,000) (4) (4) (4) (4) (28,278) (61,427) (24,406) (120,484) 66,138 6,657 (6,574) (28,278) (54,770) (30,980) (120,484) 66,138 (67,955) 2,250 1,382 (96,233) (52,520) (29,598) (120,484) 66,138 (80,210) (52,520) (29,598) (120,484) 66,138 (16,023) (96,233) (52,520) (29,598) (120,484) 66, , , , , ,665 (162,792) (113,943) (84,160) (140,779) (108,014)

01 cover 42830-03D 0..1

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