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1 CENTURY SUNSHINE ECOLOGICAL TECHNOLOGY HOLDINGS LIMITED Watterson Asia Limited 342C

2 i

3 ,000,000 ii

4 ,000, iii

5 iv

6 v

7 vi

8 vii

9 1

10 5,923,00065% 28%7% 42,630,000 43%36%21% 25,216,000 38%37%25% 50%53%56%50%47%44% 89%39%30% 11%61%70%22 ( 12 BCS2092/91 2

11 BCS BCS 3,00020,000 20,000 3

12 9,000 1,000 1, ,200 4

13 12 BCS2092/91 5

14 ( 15,000,000 ( 25,000,000 45,000, %61%70% 20,000 6

15 20,000 20,00080,000 3,00010,

16 5,923 42,630 22,475 25,216 3,854 18,121 8,290 9,629 1,622 14,231 9,915 8, , ,031 1,670 15,350 10,452 9, ,159 3,733 6,233 (3,140) (19,177) (11,334) (12,005) 2,783 23,453 11,141 13,211 (700) (3,241) (2,023) (1,691) (1,433) (2,702) (1,955) (1,851) (108) (4,079) (1,139) (66) ,431 6,024 9,603 (269) (230) (175) (170) ,201 5,849 9,433 (11) (28) ,190 5,849 9,405 (504) (22) (231) 13,416 6,044 9,383 (0.096)

17 ,000,000 9

18 ,500,000 (a) (b) ,000, ,000, ,000,000 (a) (b) ,000,000 10

19 4. 320,000, ,000, ,000,000 7,000,00020,000 1,500,0002,500,000 2,000,0001,000,000 7,000,00020,000 1,500,0002,500,000 2,000,0001,000,000 7,000,00020,000 1,500,0002,500,000 2,000,0001,000,000 11

20 4,000, ,000 2,600,000 1,000,000 1,600,000 80%20% 400,000 6,000,00040% 17%30%13% 209,696, ,696, ,905, ,303,030 30,303, ,000, ,000, ,000, ,000,

21 1. 80%20% 2. 50% 3. 30,303, % 10,000, % 10,000,00060% 10,000,000 2,000,000 6,000,0002,000,0002,000,00010,500, ,000,

22 14 (i) (ii)(iii)(iv)

23 Alpha Sino International Limited * 80%20% BCS BCS Öko-Garanite GmBH 2092/ 91 15

24 % 70% 50% 16

25 45%55% 17

26 80,000,000 18

27 0.55 1%0.005% 0.002%0.005% ,400,000 70,400,000 19

28 9,600,000 16,000,000 80%20%

29

30 ,00020,000 % 22

31 2092/ ,

32 ph ,000 24

33 5006.7% 1,0006,500 3%18% 25

34 5,300 25% (a)(b)(c) (d)(e) 39%66%36% 99%99%98% 50%53%56% 22 11%61%70% 26

35 7,800,000 (i) 1,000, ,000800, (ii) 2,000, (iii) 5,000,

36 11% 148%20%37% 148%9%(4%) 90 68%51%30% 27%42%26% 28

37 29

38 30

39 % 31

40 30%3% 10 18% 32

41 32,000,000 10% 33

42 2,698,0005,319,0001,923,000 46%12%8% 80%20% 20.10(4) 2,519,0001,144,000109,000 34

43 5,100,000 5,800,0006,600,000 5,100,0005,800,0006,600,000 (a) 1,923,000(b) 2,280,000 14% 620% 23% 1,000,00010,000,

44 (a) (i) (ii) (iii) (iv) (b) 5,100,000 5,800,000 6,600,000 (c) 20.34(1)(5) 36

45 (d) (a)(b) (e) (i) (ii) (iii) (iv) (b) (f) (d)(e) (g) 10,000,000 3% (h) 20 37

46 27 31 L.N. 765(3) (1) (1)

47 571V (a) (b) (c) 86,400,000 9,600,000 39

48 (a) (b)

49 11.23(1) 25% 44B(1) 56 Bank of Butterfield International (Cayman) LimitedButterfield House, 68 Fort Street, P.O. Box 75, George Town, Grand Cayman, Cayman Islands 41

50 5,000 42

51 A 15D

52 E

53

54 Conyers Dill & Pearman, Cayman Century Yard Cricket Square Hutchins Drive George Town Grand Cayman British West Indies Paul, Hastings, Janofsky & Walker LLP

55 Century Yard, Cricket Square Hutchins Drive P.O. Box 2681GT George Town Grand Cayman Cayman Islands British West Indies ACCA, AHKSA ACCA, AHKSA 99 47

56 Bank of Butterfield International (Cayman) Limited Butterfield House 68 Fort Street P.O. Box 75 George Town Grand Cayman Cayman Islands 56 48

57 14.5% 5,146 14, % % BCS 2092/91BCS 2092/ /91 49

58

59 AAAAA A 3,046 AAA 15,000,000 25,000,000 45,000, ,000 24%252,273 51

60 % 1,141, ,000131, ,000156,000112, ,00062%

61 134,000 23,000131, ,0000.5%( ( 5001,000 2, ,425 53

62 54

63 ,200,000 45,000,000 55

64 2 15%20% 42,500,

65

66

67

68 5,923,00065% 28%7% 42,630,000 43%36%21% 60

69 25,216,000 38%37%25% 50%53%56%50%47%44% 89%39%30% 11%61%70%22 ( 12 BCS2092/91 BCS BCS 3,00020,000 20,000 61

70 1,000,000 5,000,000 60%20% 20%2,000,000 1,000,000 3,000,000 1,000,000 62

71 (2000)021,000,000 4,000,000 (a) 2,900,000(b) 1,100, ,000 2,000,000 5,000,000 80%20%1,100, ,0002,000,000 1,000,000900,000 2,000,000 63

72 600,000 60%20%20% 10,500,000 64

73 10,000, %10,000,00010,000,000 2,000,000 6,000,0002,000,0002,000,000 10,500,000 2,000,000 10,500, ,000,00030,303,030 30,303,030 50% 65

74 60.53% 9.47% 30% 100% 100% 100% 80% 66

75 1. 80%20% 2. 50% 3. 20% 20% 4. 30,303, % 10,000, %10,000,00060% 10,000,000 2,000,000 6,000,0002,000,0002,000,000 10,500, ,000,000 67

76 10 1,500 12,000 10,000 2, , % 17%19% 68

77 2511, ,000 30,000 69

78 ,000,000 2,830,0001,000, ,000, %20%20% 10,500,000 70

79 10,000, %10,000,000 10,000,0002,000,000 6,000,000 2,000,0002,000,000 10,500,000 1,500 18,000 20,000 4,000 2,000 15,0001,000 6,50087% 133%83% 133% 71

80 1,929 22,96213,8651,533 7, ,000 72

81 ,000,000 2,830,000 1,000, ,000, ,000,000 10,500, ,000,000 30,303,03030,303,030 73

82 1,400,000 1,5002,0003,00020,

83 3,000,000 5,000,000 1,000, ,000800, ,000, ,000,

84 12 BCS2092/91 ( 15,000,000 ( 25,000,000 45,000,000 76

85 22 11%61%70% 9,000 1,000 1, ,200 77

86 100,000,00050,000,000 50,000,000 78

87 40% ph ph 79

88 251 3, ,929 18, , ,843 1, ,865 14, ,502 8, ,533 1, ,518 1, ,564 9, ,114 6, ,486 5, ,891 42, ,089 25, %39%30% 11%61%70% 22 5% 80

89 74% 8,000131,000 6%1,400,0000.6% 65%22%36%7% 39% 0.2%0.1% 46% 500, %49%70%68%51%30%

90 6,311,00044%3024% %61909% ,000 3% 134, ,000 5% ,0003,241,0001,691,000 12%8%7% 82

91 83 7

92 84

93 3,000 20, ,000 67%33% 20,

94 260 2, %17% 19% 2,000 15,0001,000 6,50087% 133%83%133% ,0005,

95

96 1,421,000790, ,000292,000 1,847,00095, ,0001,240,000 1,957,000557, ,0001,131,

97 593, , ,000 2,725, ,000 30,000 16,000 20,000 89

98 1,394,0004,079,000 66,000 1,156, ,000429,000 90

99 2,380,00014,264,000 6,485, , , , , , , ,

100 , , , , %60% 3 92

101 ,00010,685,000 39%66% 2,576,000 36% 2,468,00015,842,0007,006,000 99%99%98% 93

102 15100,000 30, , ,000 94

103 (

104

105

106 6 98

107 2,698,0005,319,0001,923,000 46%12%8% 80%20% 20.10(4) 2,519,0001,144,000109,000 99

108 ,100,000 5,800,000 6,600,000 5,100,000 5,800,0006,600,

109 (i) 500,000 1,000,000 1,500,000 25% (ii) 1,500,0001,000,000 25%2% 45%55% 101

110 (i) 420,00030,000 7%0.1% (ii) 956,00010,685,000 1,948,00039%66%27% 30% 70% 102

111 (i) 2,148,00072,000 36%0.2% (ii) 1,077,000 1,250,

112 60%40% 50,000 1,209,000259,

113 20,000 20,000 20,00080,000 3,00010,

114 1. 20,

115 ,

116 , ,

117

118 33,000,000 7,000,00020,000 1,500,0002,500,000 2,000,0001,000,000 7,000,00020,000 1,500,0002,500,000 2,000,0001,000,000 7,000,00020,000 1,500,0002,500,000 2,000,0001,000,000 4,000, ,000 2,600,000 1,000,000 1,600,000 80%20% 400,000 6,000,00040% 17%30%13% 110

119 20, , ,

120 41 112

121

122 40 42 Gary W.K. Yam & Co. (CPA) 20 5% 60, ,000 60,

123

124

125

126 (i) (ii)

127 5% 1, , ,000152,

128 193,696, % 154,957, % 38,739, % 30,303, % 15,151, % 15,151, % 1. 80%20% 2. 20% 3. 50% 4. 50% 120

129 (i) (ii) (iii) 13.18(1) 13.18(4) 17.43(1)(4)

130 5% 193,696, % 154,957, % 38,739, % 30,303, % 80%20% 2. 30,303, % 10,000, % 10,000,00060% 10,000,000 2,000,000 6,000,0002,000,0002,000,00010,500, ,000,

131 1,000,000, ,000,000 17,000,000 1,700, ,000,000 22,300,000 80,000,000 8,000, ,000,000 32,000, (1) 25% 123

132 1. 64,000,000 20% 2. 32,000,000 10% 124

133 125

134 7,800,000 3,266,0007,800,0002,800,000 5,000, (2) 3,266,

135 18,044,000 9,304,0003,705,000 11,729,0004,654,000 7,800,00039,000 3,509,000 7,800, ,000 25% 25%

136 5,923 42,630 22,475 25,216 3,854 18,121 8,290 9,629 1,622 14,231 9,915 8, , ,031 1,670 15,350 10,452 9, ,159 3,733 6,233 (3,140) (19,177) (11,334) (12,005) 2,783 23,453 11,141 13,211 (700) (3,241) (2,023) (1,691) (1,433) (2,702) (1,955) (1,851) (108) (4,079) (1,139) (66) ,431 6,024 9,603 (269) (230) (175) (170) ,201 5,849 9,433 (11) (28) ,190 5,849 9,405 (504) (22) (231) 13,416 6,044 9,383 (0.096)

137 ,000,

138 5,923,000 3,854,00065% 1,622,00027%48,000 1%399,000 7% ,783,00047% 2,241, ,0001,433,000 1,394,0001,156, ,

139 269, ,000 5,923,000620% 42,630, ,000 3,854,000370% 18,121,000 1,622,000777%14,231,000 48, ,119, ,000229,159,

140 43%33% 21%3% 251 3, ,929 18, ,843 1, ,865 14, ,533 1, ,564 9, ,486 5, ,891 42, ,783,000743% 23,453,000 47%8%55% 2,241,000347% 10,022,

141 700,000363% 3,241,000 2,000,000500,000700,000 1,394,000193% 4,079, ,433,00089% 2,702, ,000 3,000,000269,00014% 230,0009% 2%7% 11,000 13,416, ,000 25,216,000 12% 133

142 8,290,00016% 9,629,000 9,915,00016%8,323, ,00092% 1,031,0003,733,000 67%6,233, , , ,586 9, ,502 8, ,518 1, ,084 3, ,114 6, ,343 22, ,089 25, % ,211,00052% 50% 55% 3,608,00029% 1,691,00016% 134

143 (SARS) 66,00094% 1,900,000 1,851,0005% 170,000 28,000 9,383,00055%

144 33% 30%3% 10 18% 27% (2001)113 25% 136

145 ,610,000 18,500,000 9,383,000 10,227,000 10,227,

146 19,610,00052% 55% 19,610,000 46% ,610,000 18,500,000 (a) (b) ,000, ,000,

147 20,633 (2,137) 18,496 9,648 3,081 33,000 64, ,000,

148

149 70,400,000 9,600,000 (a) (i) 141

150 (ii) (iii) (iv) (v) (vi) (b) (i) (ii) 142

151 (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (aa) (vii) (bb) (cc) 143

152 (A) (B) 3.5% 13,000, %83.3% (a)

153 (b) (c) (a)(b) (d) (a) (b) 30%(c) 145

154 (a) (b) (c) (a) (b) (c) (d) (e) 146

155 (a) (b) 147

156 0.551% 0.005%0.002%0.005% 5,0002, (a) (b) 30 96,000,0009,600,000 86,400,00070,400,000 10%90% 96,000,000 30% 148

157 9,600,00010% 149

158 70,400,000 90% (a) ,800,00030% (b) ,400,00040% (c) ,000,00050% 150

159 151

160

161

162

163 155

164 0.55 1% 0.005%0.002%0.005% 5,0002,

165 157

166 40342E 158

167 1,000,

168 1,000,000 1,000,

169 1,000,000 1,000,000 1,000,000 5,

170 % 162

171 1, % 100% 10,500,000 80% 5,000,000 (i) (ii) 163

172

173 1 3 5,923 42,630 22,475 25,216 (3,140) (19,177) (11,334) (12,005) 2,783 23,453 11,141 13,211 (700) (3,241) (2,023) (1,691) (1,433) (2,702) (1,955) (1,851) (108) (4,079) (1,139) (66) ,431 6,024 9,603 6 (269) (230) (175) (170) ,201 5,849 9,433 7 (11) (28) ,190 5,849 9,405 (504) (22) (231) 13,416 6,044 9,

174 12 3,253 6,356 9, ,850 2,899 2,265 7,103 9,255 12, ,421 1,847 1, ,909 5,915 5, , ,806 4,588 6, ,694 8,871 6,957 14,044 23, ,000 3,000 8, , ,133 1,082 1, ,487 4,113 9, ,931 14,155 7,573 19,186 26, ,000 5,001 10, (2,973) 9,807 11,370 2,027 14,808 21,871 1,333 1,107 1, ,213 3,271 3,266 7,573 19,186 26,

175 273 13,201 5,849 9, ,073 15,195 7,276 11, (426) 791 (110) (1,909) (4,006) (3,716) (81) 236 (2,782) 327 (1,893) (1,400) (2,034) (1,865) (13) 210 (51) (11) (338) 5,896 3,712 9,148 (60) (3,916) (3,100) (4,476) 900 (1,756) (163) ,438 1,438 (729) (2,099) (1,283) (4,476) 24 1,035 (942) (900) (5) 300 (300) (300) 5,000 1 (636) (2,320) (269) (230) (175) (290) 120 1,066 (2,107) (1,375) 2,505 (1) 1,690 1,054 7, , ,694 1,058 8,

176 5,000 (2,742) (2,742) 2,258 (231) (231) (231) 5,000 (2,973) (2,973) 2,027 13,416 13,416 13,416 (2,792) 1, (636) (636) (636) 5,001 7,651 1, (636) 9,807 14,808 5,001 7,651 1, (636) 9,807 14,808 9,383 9,383 9,383 (1,645) 1, ,500 (5,500) (5,500) (2,320) (2,320) (2,320) 10,501 9,889 2,958 1,479 (2,956) 11,370 21,871 5,000 (2,973) (2,973) 2,027 6,044 6,044 6,044 (1,263) ,000 1, ,071 8,

177 169 i. ii. iii.

178 i. ii. iii. 20% 20% 20% iv. 170

179 171

180 3,854 18,121 8,290 9,629 1,622 14,231 9,915 8, , , ,159 3,733 6,233 5,923 42,630 22,475 25,

181 ,394 4,079 1, (1,156) (130) 108 4,079 1, ,225 1,513 1, (120) ,

182 273 13,201 5,849 9,433 33% 90 4,356 1,931 3, (151) (5,584) (2,425) (3,585) (718) (16) % 27% 174

183 ,000 31,000 22,000 22,000168,000 1,000,000 1,060,

184 10(a) ,000,0001,060,000 5%1,000 14% 117, ,000186,000152,

185 1,153 3, , (900) (900) 1,173 2, , ,760 3,916 (18) (18) 1,155 3, ,491 8, ,413 4,476 1,350 1,684 (3,034) 2,505 4, ,870 13, , , (5) (5) 687 1, , ,021 2, , , , , ,491 6,356 1,484 2, ,870 9,846 1,457,0001,370,

186 3,000 3, ,156 1,756 3,600 1,156 4,756 3,600 1,156 4,756 3,600 1,156 4, , , , ,491 2,810 1,040 3,850 2, ,899 1, , ,240 1, ,421 1,847 1,

187 ,198 2, ,122 1, , , ,752 1,909 6,096 6,311 (181) (315) 1,909 5,915 5,996 2,646 2, , ,806 4,588 6,481 4,0001,072,0008,155,

188 , , % 50% 510% 180

189 5,000 3,000 3, ,007 1,035 1, ,000 3,000 4, ,333 13,846 (942) (942) (300) (300) (636) (636) 1 1 (226) (226) 5,001 3,000 3,271 (636) 1,107 11,743 (5) (5) 5,000 5,000 (2,320) (2,320) 5,500 5, ,501 8,000 3,266 (2,956) 1,129 19,940 5,000 3,000 4, ,333 13,846 (900) (900) (300) (300) (195) (195) 5,000 3,000 3,313 1,138 12,

190 a. (i) (i) 2, (ii) ,685 5,172 1,948 (iii) 1,077 1, (iv) 50 1, (i) (ii) (iii) (iv) 182

191 b (i) c ,119 1,669 d. 1,

192 e. 3,433 2,491 2, ,213 3,271 3,266 3,266,000 f. 3,000, ,474 1,195 1,040,00086,000 1,875,000 3,000,0003,000,0008,000,000 25(f) 184

193 a. b. 3,266,000 c. d. 100,0001,000, ,

194 186

195

196

197

198 13 (a) (b) 190

199 (c) (d) (e)

200

201 Bsc. (Hon) MRICS MHKIS RPS (GP) 193

202 1. 100% % %

203 , (i) (ii) (iii) (iv) 23, (v) (vi)

204 ,

205 , , (i) (ii) (iii) (iv) 121,000, , (v) (vi) (vii)

206 4. 2 (i) (ii) (i) 2 (ii) (iii)

207 , : (i) (ii) (iii) (iv) (v) (vi) (vii) (92)00352: (i) M-4-37 (ii) 27,399.2 (iii) 5,962.5 (iv) (v) 199

208 : (i) (ii) 3 (iii) 3 (iv) 33 (v) 3 (vi)

209 (a) 27(2) (b) 201

210 202

211 203

212 (aa) (bb) (cc) (dd) (ee) 5% (ff) 204

213 205

214 206

215 (aa) (bb) (cc) (6) (dd) (ee) (ff) 207

216 (30) (i) (ii) (iii) (iv) 208

217 (v) (21) 209

218 (95%) (21) (15) (i)(ii) (iii) 210

219 (iv) (21) 211

220 (e)(21) (14) (i) 212

221 (ii) (95% (aa) (bb) (cc) (dd) (ee) (ff) (20%) (gg) 213

222 (30) 214

223 (i) (ii) (a) (b) 215

224 216

225 (20) (14) 217

226 (20) (2)

227 3(f) (i) (ii) 219

228 (i) 12(ii)12 (iii) 220

229 (a)(b) (c)37(d) (e) (f) 221

230 222

231 (m) (a)(b) (c) 223

232 (i)(ii) (iii) 6 (i) (ii) 224

233 225

234 (75%) 226

235 (90%) Conyers Dill & Pearman, Cayman 227

236 100,0001,000,000 Codan Trust Company (Cayman) Limited Codan Trust Company (Cayman) Limited (i) 999,999 1(d)(iv) (ii) 16,000,000100,0001,700,000 1(d)(iv) (iii) 100,000,0001,000,000,000320,000, ,000,

237 1(a)1(c) (i) 983,000,0001,700, ,000,000 (ii) 30(aa) (bb) (A) (B) (C) 22,300,000223,000,

238 (D) (AA) 20%(BB) 1(c)(ii)(E) (E) 10% (iii) 230

239 (i) 10,500,000 (ii) ,000,000 (iii) ,000,0002,000, (iv) ,000, ,999 (i) 5,000,00010,500,000 (ii) 50,000 50,0001 (iii)

240 1(d) (aa) 10% (bb) 232

241 (cc) 10% (aa) (bb) (cc) 320,000,

242 32,000,000 (aa) (bb) (cc) %67.26% (dd) XI 234

243 (i) 2,000, (ii) 3,000 3,000,000 (iii) 4,000 1 (iv) 10,500,000 (v) 6,

244 (vi) 5,000, (vii) 2,000, (viii) 800, (ix) 1,0001 8,000,000 2,000, (x) (xi) ,000, ,999 (xii) 3,266,

245 (xiii) (xiv) (xv) (xvi) 5(a) (xvii) (i) (ii) ZL

246 (iii) X

247 (100%) 15,000,000 10,500, (1) (80%) (2) (20%) 5,000,

248 (i) XV78 XV ,696,970 30,303,030 30,303, %193,696, %30,303,

249 3. 50%30,303, (ii) 5% 60, ,000 60,000 (iii) 31,000 (iv) 284,

250 (v) Conyers Dill & Pearman, Cayman (vi) 420,000 XV23 10% 193,696, % 2 30,303, % 1. 80%20% 2. 50% 242

251 3.5% 13,000, %83.3% 25 1(d)2(a) (i) XV (ii) 243

252 (iii) (iv) XV 23 10% (v) (vi) 4(6) 4(c) 244

253 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii)

254 4(o)(i) (ii) (iii) 4(g) (i) 30% 4(d)(i) 30% (ii) 4(d)(i)4(d)(iii)4(d)(iv) 32,000,000 10% 4(d)(iii) 246

255 (iii) 10% 4(d)(iii) 23.02(2)(d) 23.02(4) (iv) 23.02(2)(d)23.02(4) 12 1% 12 1% 247

256 23.02(2)(d)23.02(4) (i) (ii) % 5,000,000 (iii) 4(f)(i)(ii) 23.02(2)(c)(d) 23.02(4) 248

257 (iv)

258 12 4(u)(v) 4(d) 4(d) 250

259

260 (n) 252

261 (i) (ii) 4(j)(k)(l)(p)(q) (iii) 4(q) (iv) 4(r) (v) 4(u)(v) (vi) 4(i) (vii) 4(j) (i) 253

262 23.03 (ii) (iii) 23 (iv) (i) (aa) (bb) (ii)

263 (i) (ii) (iii) (iv) (a)111 (b) (i) (ii) 255

264 (iii) (iv) 2,

265 (i) (ii) 5(f)(i) Conyers Dill & Pearman, Cayman Conyers Dill & Pearman, Cayman 257

266 44A44B 1,000 1,

267 (i) (aa) (A) (B) (bb) (cc) 12 (ii) (iii) (iv) Bank of Butterfield International (Cayman) Limited (v) 80%20% P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, BVI 259

268 417 (a) (b) (c) (d) (e) (f) (g) Conyers Dill & Pearman, Cayman 260

269 (h) Conyers Dill & Pearman, Cayman (i) (j) (k) (l) (m) (n) 261

Ko Yo Ecological Agrotech (Group) Limited 128,000, ,200,000 94,000,000 21,200,000 12,800, Pereire Tod (Asia) Limited 3234

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