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1 CHINA SINGYES NEW MATERIALS HOLDINGS LIMITED (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l)

2 本文件為草擬本 其所載資料並不完整及可作更改 閱讀本文件有關資料時 必須一併細閱本文件首頁 警告 一節 重要提示 閣下如對本文件的任何有任何疑問 應諮詢獨立專業意見 CHINA SINGYES NEW MATERIALS HOLDINGS LIMITED 中國興業新材料控股有限公司 於百慕達註冊成立的有限公司 以 編纂 方式 於香港聯合交易所有限公司 創業板 編纂 編纂 編纂 編纂 每 股 編 纂 編 纂 港 元 另 加 1% 經 紀 佣 金 % 證監會交易徵費及 0.005% 聯交所交易費 須 於申請時繳足 可予退還 面值 每股 編纂 港元 股份代號 獨家保薦人 編纂 編纂 香港交易及結算所有限公司 香港聯合交易所有限公司及香港中央結算有限公司對本文件的內容概不負責 對其 準確性或完整性亦不發表任何聲明 並明確表示概不就因本文件的全部或任何部分內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任 本文件連同本文件附錄五 送呈 編纂 及備查文件 一節所列的文件 已遵照香港法例第 32 章公司 清盤及雜項 條文 條例第 342C 條的規定 送呈 編纂 登記 編纂 以及香港證券及期貨事務監察委員會對本文件或上述任何 其他文件的內容概不負責 編纂 作出任何投資決定前 應審慎考慮本文件所載全部資料 包括但不限於本文件 風險因素 一節所載的風 險因素 編纂 的 編纂 謹請注意 倘於 編纂 上午八時正 香港時間 前任何時間發生本文件 編纂 一節 終止理由 一段所載任何事件 編纂 為其本身及代表 編纂 有權發出書面通知 編纂 為其本身及代表 編纂 終止 編纂 根據 編纂 須履行的責任 如 編纂 為其本身及代表 編纂 終止 編纂 全球 編纂 將不會進行並告失 效 二零一六年九月十五日

3 i

4 ii

5 iii

6 i ii iv iv

7 I-1... II-1... III-1... IV-1... V-1 v

8 (i) (ii) ITO ITO PDLC ITO 2.1% 20.4% 51.2% ITO 1

9 % % % % ITO 18, , , , , , , , , , , , , , , , , , , , (i) ITO (ii) (iii) 43.3% 33.0% 50.4% % % % % 44, , , , , , , ,

10 25,700,000 30,900,00015,000, % 84.6% 76.3% PET ITO PDLC (i)24,600,000 16,100,000 10,100, % 59.7% 59.6%(ii) 11,800,000 7,000,000 4,100, % 25.9% 24.5% ,740 ITO 203, , , , , , % 72.4% 37.0% 449, , ,336 36,900 32,800 18, % 5.6% 6.3% 46,000 46,000 23,000 12,400 7,600 8, % 16.5% 37.3% 3

11 14 (i) (ii)(iii) (iv)13 4 (v) ITO (i) (ii) - ITO 2,100 ITO - 4

12 44,805 60,477 22,447 33,151 (30,524) (36,581) (15,877) (19,675) 14,281 23,896 6,570 13, , (5,211) (5,633) (2,551) (3,776) (6,758) (7,771) (3,671) (9,660) (1,518) (1,968) (3) (946) (106) (205) (152) 702 9, (258) (313) (1,712) (401) (938) 389 7, (1,196) 38,223 46,203 43,135 50,334 43,550 60,801 (37,778) (31,269) (32,883) (857) 12,556 12,281 27,918 50,779 58,484 70,196 5

13 9,718 20,232 (16,405) (12,738) (5,368) (11,212) (10,072) 1,450 (2,592) (4,525) 27,554 17,351 1,758 4,495 1,077 6, ,662 2,662 7,166 2,662 7,166 3,750 13,242 % % % % % % % % ITO 3, , , , , , , , , , , , , , (109) (0.8) (12.4) (45) (0.7) (5.1) , , , , (%) (%) (%) (%) (%)

14 1. 6,500,000 5,300, ,500, ,500,000 22,300,000 25,900,000 (i) 7,900,000 9,100,000 (ii)14,400,000 16,800,000 (a) 6,500,000 7,600,000 (b) 7,900,000 9,200,000 (i) (ii) (iii) % % % 7

15 (iv) (v) % % Strong Eagle Top Access 30% Raton Race Investments Limited Raton Race Investments Limited 8

16 ITO 9

17 ITO (i) (ii) (iii) 11,400 ITO 2,600 6, ,000,000 2,600, % 1,600, % 10

18 11

19 Strong Eagle Top Access 12

20 13

21 [*] 14

22 1% % 0.005% 15

23 16

24

25 1 6 Strong Eagle Strong Eagle Holdings Limited 53.0% 15.0% 11.0% 8.0% 9.0% 4.0% Top Access Top Access Management Limited 18

26 % * * 19

27 AB AC UV EVA EN 14582:

28 GB/T GB GB8621 GPS ISO 21

29 ISO 9001 ISO9050:2003 ISO10292:1994 ITO ITO ITO ITO ITO JC/T LCD LED 22

30 1/299,792, ITO PET OHSAS PDLC PET PVB RoHS 23

31 PDLC UV X ITO ITO 24

32 25

33 26

34 (i)(ii) (iii)(iv) (v) ITO ITO ITO % ITO 2.1% ITO ITO PET 27

35 (i) (ii) (iii) (i) (ii) (iii) ITO PETPDLC 84.3% 84.6% 76.3% 28

36 13 4 ITO 29

37 ITO 30

38 (i) (ii) (iii)(iv) 31

39 ITO ITO

40 95% 69.0% 59.7% 59.6% 33.2% 25.9% 24.5% 33

41 (i) 0.05%(ii) 15%25% 34

42 35

43 ITO ITO ITO ITO 18,200,000 18,400,000 6,500, % 30.4% 19.7% ITO ITO 36

44 ITO ITO LCD LED 10.6% 6.9% 37

45 38

46 20 39

47 25% % (1) (2) 40

48 (3) (4)50% 82 25%

49 22,300,000 25,900,000 (i) 42

50 7,900,000 9,100,000 (ii)14,400,000 16,800,000 6,500,000 7,600,000 7,900,000 9,200,000 ( ) 43

51 % (i) (ii)(iii)(iv) 44

52 Raton Race 45

53 46

54 47

55 48

56 49

57 50

58 51

59 15 (i) (ii) ITO (a) (b) (c) 52

60 (d) (e) (i) (ii) (iii) 53

61 A 54

62 B

63

64 Clarendon House 2 Church Street Hamilton HM11 Bermuda

65

66 ITO 350,000 ITO (ITO) ITO 59

67 ITO 854,500, %70% ITO LCD ITO ITO 1,918,700, % ITO 2,000 1, , % 1, , , % , ITO ITO (i)petito 60-70%(ii) ITO PET ITO PET

68 3,200 3,100 3,000 3, , , , , , , , , , , , , , , , , , , , , , , , , PET 92.2 PET PET ITO 3,000 3,120 ITO ITO ITO ITO ITO 200 ITO

69 ITO 81.5% 83.9% 2.4%2.1% 16.1% 1.5% 2.1% 1.3% 2.9% 3.6% 7.5% 11.1% 13.4% 22.9% 17.6% A B C D E F G H I ITO (i) 19.5% ITO 6.8% 8.9% ITO ITO (ii) ITO (iii) ITO (iv)

70 (v) ITO (vi) ITO ITO ITO (i) (ii) ITO (iii) ITO ITO ITO (i) (ii) ITO ITO PET ITO ITO ITO 7.7% 90,400, ,200, % 252,300,000 63

71 % +7.7% ITO PET ITO PET ITO , , , , , , , , , , , , , , , , , , , , , , , , , ,000 3,000

72 PDLC PDLC 1, , ,000 1,600 1,200 1, , , , , , , , % 80.0% 20.1%20.4% 20.0% 20.4% 12.2% 17.2% A B C D 14.5% 15.7% 65

73 (i) (ii) (iii) (iv) ITO (i) (ii) PDLC ITO 66

74 (i) (ii) 37.6%26,600,000 26,500 20,500 69, %51.2% 67

75 15.3% 33.5% 51.2% 26,600, ,400, %(i) (ii) (iii) (i) (ii)ito 68

76 (i) (ii) 69

77

78 (a) (b) (c) (d) 10% 50% 10% 5% 20% 20% 10% 5%25% 71

79 (a) (b) (c)

80 (a) (b) (c) Strong Eagle 37 73

81 25% 10% % 17% 17% 74

82 (i) (ii) (iii) (iv) 75

83 76

84 (a) (b) (c) 77

85 ITO 90 HS 78

86 (i) (ii) 79

87 80

88 6,000,000 4,000,000 60% 6,000,000 4,000,000 40% ITO ITO (i) (ii)(iii) ITO ITO 81

89 ITO ITO 1,300 ITO 1,600 2,000 2,100 ITO 82

90 (i) %(ii) Raton Race Investments LtdRaton Race % Raton Race % % 83

91 Raton Race (i) (ii) (iii) Raton RaceRaton Race Raton Race Raton Race (i) (ii) (iii) 28 HKEx-GL29-12 HKEx-GL

92 Top Access 20,000, % 40.0%6,000,000 4,000, % 12,000,000 6,000,0004,000,000 20,000,000 85

93 40.0% 8,000,000 20,000,000 50,000,000 30,000,000 50,000,000 55,161, ,000,000 50,000,000 50,000,000 62,500,00012,500,000 61,094,670 ITO (i) (ii) (iii) 86

94 63.5% 53.0% Strong Eagle 100% Top Access 100% 100% 87

95 Strong Eagle 63.5% 53.0% Strong Eagle 0.9% 100% Top Access 100% 100% * 88

96 ITO ITO (i) (ii) (iii) ITO ITO ITO 9 (2.4%) 8 (2.1%) 2 (20.1%) 1 (20.4%) 1 (51.2%) ,740 (i)ito GPS (ii) (iii) 89

97 44,800,00060,500,000 22,400,000 33,200, % 47.7% 389,0007,700,000 1,200, % 39.5% 29.3% 40.7% ITO ITO ITO (i) ITO ITO (ii) ITO (iii) ITO (iv)ito ITO 2,100 ITO ITO ITO ITO ITO 90

98 ITO ITO ITO ITO (i) (ii) (iii) 91

99 ISO 9001: 2008 (i) (ii) 92

100 (i) (ii) (iii) 93

101 ITO 5.5% LED 15% 25% 94

102 (i) GPS ITO (ii) ITO PDLC ITO ITO ITO 95

103 ITO % % % % ITO 18, , , , , , , , , , , , , , , , , , , ,

104 % % % % ITO 3, , , , , , , , , , , , , , (109) (0.8) (45) (0.7) , , , , (i)ito (ii)(iii) (iv) ITO ITO LED ITO (SiO2) PET ITO ITO LCD 97

105 ITO ITO ITO ITO 2,100 ITO 2 ITO ITO (i)ito ITO (ii) ITO 138, ,138 60,386 ITO ITO ITO PDLC PDLC PDLC PDLC 98

106 PET V AC ITO V AC >76% >50% <10% >95% <35 <85% 60V (AC, 50/60 Hz) <5 > % <45 >50,000 >80,000,000 <35 > B2 II-1 GB GB GB GB GB (i)ito PDLC (ii) (iii)ito 99

107 ITO 6,984 24,500 13,821 1,

108 (i) (ii) UVAB 101

109 PVB/EVA (i) 8 (ii) 50,

110 (iii) (iv) (a) 35 (b) 98% (v) 11,062 6,220 7,427 1,678 1,344 1,304 (i) 103

111 (ii) (iii) 104

112 105

113 LED LED LED LED LED LED ,914 42,

114 ,740 ISO:9000 ITO 1,700,000 24,200, ,

115 50,000 ITO ITO 52 12,651, ITO 7 19,023, ,429, (AHU) , ,433, , , , , ,

116 ITO ITO 2,100 ITO 1,300ITO ITO ITO SEM 24 7 ITO PET ITO ITO PET 109

117 ITO 1,300 ITO 2,100ITO ITO 203, , , , , ,000 (%)3 95.3% 72.4% 37.0% 1 (i) ,900(ii) 1,250ITO ,100ITO 1,250 2,400 ITOITO (i) 11,300ITO (ii)2,100 ITO (a) ,900(b) 251,250 ITO 162,400 ITO 50% ITO 110

118 2,100 ITO ITO (i)1,600 (ii)2,000 ITO PDLC 111

119 1,600 2, , , , ,900 32,800 18,500 (%)3 8.2% 5.6% 6.3% 1 2,000 (i)1,600 (ii)2,000(a) ,025(b)1, , , , PVB/EVA

120 PVB 113

121 1 46,000 46,000 23,000 12,400 7,600 8,570 (%)2 27% 16.5% 37.3% 1 PVB (i) ,875(ii) 4,

122 (i)(ii) 115

123 PET ITO PVB 116

124 (i) (ii) (iii) (iv) 117

125 11 10 ISO (i) (ii) 2002/95/EC (iii) 2011/65/EU 118

126 ISO W M1 ISO9050:2003 ISO10292:1994 W M3 ISO9050:2003 ISO10292:1994 WT2016E09A00425 JC/T SGS CANEC ITO RoHS 2011/65/EU SGS CANEC ITO EN 14582:2007 SGS CANEC RoHS 2011/65/EU SGS CANEC A01 EN 14582: GB/T W M1 ISO9050:2003 ISO10292: Q27165R1M/4400 ITO ISO9001:2008 GB/T

127 W Z11 ISO9050:2003 ISO10292:1994 SGS SDHG FB GB GB/T GB GB GB GB GB PVB GB PVB F2014(62) TOSSEAL83 GB/T * 120

128 84.3% 84.6% 76.3% PET ITO PDLC (%) 1 A PET B ITO C (TFT) (STN) (TN) PDLC D ITO PET E * ITO

129 (%) 1 A PET F D C PDLC G (i) (ii) (iii) LCD PET (%) 1 D H I PET F J

130 (i)24,600,000 16,100,000 10,100, % 59.7% 59.6%(ii) 11,800,000 7,000,000 4,100, % 25.9% 24.5% 5% PET PET (i) (ii) 123

131 (iii) (iv) (a) (b) (v) (vi) 60 ITO 124

132 ITO ITO (%) 1 A ITO B C ITO

133 (%) 4 D ITO E PDLC (%) 1 F G C ITO H ITO

134 (%) 5 I (%) 1 J K L C ITO M H E H E HITO 2,800, % EITO 1,700, % E 127

135 H , ,514.3 H , ,400,000 19,900,000 16,700, % 33.0% 50.4% 7,200,000 5,400,000 4,000, % 8.9% 12.0% 5% % % % % 44, , , , , , , ,

136 % % % % 44, , , , , , , , (i) 129

137 (ii) (iii) (iv) (v) (vi) 130

138 18 131

139 132

140 5% 33(i)ITO (ii)(iii) (i) 133

141 (ii) (i) (ii) (iii) (iii) (i) 134

142 (ii) (iii) (iv) (v) (i) (ii) (iii) 135

143 (i) 136

144 (ii) (iii) 137

145 ITO ITO 138

146 a) b) c) 13,600,000 8,600,0009,200, (i) (ii) (iii) 139

147 (iv) (v) (vi) (vii) ITO

148 5 6 7 ITO 8 9 ITO ITO (i) (ii) (iii) ITO ITO (iv) ITO (v) 141

149 (i) PDLC PDLC ITO 95%76% 50,000 (ii) (iii) (1) (2): ITO Silicon Valley (2012)

150 (iv) (v) ( T-609) (Q/SYE ) (Q/SYE *) Q/SYE Q/SYE (JC/T ) (Q/SYE2-2013) 143

151 (vi) 600, , ,300 95, ,000 (vii) ITO ITO 144

152 1,600,000 2,000, , % 25.5% 9.4% (i) (ii) ITO

153 ITO ITO 9 (2.4%) 8 (2.1%) 2 (20.1%) 1 (20.4%) 1 (51.2%) ITO ITO ITO 83.9% ITO 80% 146

154 84.7% ITO ITO 147

155 % % % % 2 1.8% % 5 4.5% 3 2.7% 4 3.6% % 148

156 149

157 (ERP) 13 4 ITO 150

158 1 ITO 2 PDLC 3 4 (i) (ii) (iii) (iv) (v) (vi) (vii) 151

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

160 (i) 24 (ii)30 (i) (ii) 5, ,740 86,

161 1% 15% 8.01A 8.01B 342(1) 34(2) 154

162 897,000 (i) 0.05% 13(ii) 120,

163 (i) (ii) (i) (ii) (iii) 156

164 (i) (ii) (iii) (iv) (v) (vi) 5.28 (vii) 157

165 (viii) IT

166 (i) (ii) - (iii) (iv) 159

167

168 ; Top Access; Singyes Green Investment (HK) Company Limited; Singyes Engineering (HK) Company Limited; Sun Treasure Group; Singyes Green Energy Holdings Limited; Basic Force Group Limited; Singyes Green Energy Investment Limited;

169 21 12 ITO ; Top Access; Singyes Green Investment (HK) Company Limited; Singyes Engineering (HK) Company Limited; Sun Treasure Group Corp.; Singyes Green Energy Holdings Limited; Basic Force Group Limited;

170

171 Bright & Shine Corporate Finance Limited Macquarie University 164

172

173 17.50(2) (i) (ii) XV (iii) (iv)(v) (vi) 17.50(2)(h) (v)

174 (i) (ii)(iii)

175 228,000 22, C3.3 C

176 B1.2 A5.2 6A.19 6A

177 (i) (ii) 6A

178

179 172

180 Top Access % Top Access (i) i) (ii) (ii) Top Access Strong Eagle36.6 %Strong Eagle 53.0% 15.0% 11.0% 8.0% 9.0% 4.0% Strong Eagle Top Access 173

181 (i) ITO (ii) (a)ito (b) (c) (iii) ITO 174

182 (i) 175

183 (ii) (iii) (iv) (i) (ii) (iii) 176

184 (iv) (v) (vi) 5,000,000 5,000,000 18,200,000 33,200,000 4,500,

185 3,000, ,000, ,000, ,000,

186 (a) 30% (b) (i) (ii) (a) (b) (c) 179

187 (iii) (a) (b) / (iv) (a) (b) (c) 180

188 (i)(ii) 181

189 (a) 20 (b) (c) (d) (e)

190 20 (1) 311 (i) (ii) 400, , , , ,000 1,200,

191 (i)(ii) 20 53,000, (2) (i) 97 5, (ii) (i)(ii) 184

192 86,100 86, ,600 [1,033,200] [1,033,200] 205 3,000,

193 XV23 10% Top Access 1 Strong Eagle Top AccessXV Top Access 2. Strong Eagle XVStrong Eagle Top Access 3. Strong Eagle 53.0% 15.0% 11.0% 8.0% 9.0% 4.0% XVStrong Eagle 186

194 XV % 187

195 188

196 11.23(7) 25% 25% (1) 20% (2) 189

197 (a) (b) (c) 10% (a) (b) (c) 190

198 191

199 ITO ITO ITO 2.1% 20.4% 51.2% ,

200 (i) ITO (ii)(iii) (i) (ii) (iii) 15% 25% ITO 44,800,00060,500,000 22,400,000 33,200, % 47.7% 389,0007,700,000 1,200, % 39.5% 40.7% 193

201 (i)(ii) (iii)(iv) (v) (vi) 194

202 ITO PETITO ITO PDLC 84.3% 84.6% 76.3% 5.0% 1,300,000 1,500, ,000 1,600,000 2,000, ,

203 15% 25% 15% 15% 22,300,000 25,900,000 (i) 7,900,000 14,400,000 (ii)14,500,000 16,800,000 6,500,000 7,600,0007,900,000 9,200,

204 (i) (ii) (iii) II

205 44,805 60,477 22,447 33,151 (30,524) (36,581) (15,877) (19,675) 14,281 23,896 6,570 13, , (5,211) (5,633) (2,551) (3,776) (6,758) (7,771) (3,671) (9,660) (1,518) (1,968) (3) (946) (106) (205) (152) 702 9, (258) (313) (1,712) (401) (938) 389 7, (1,196) , (1,184) 198

206 (i)ito (ii) (iii)(iv) 44,800,000 60,500,00022,400,000 33,200,000 % % % % ITO 18, , , , , , , , , , , , , , , , , , , , % % % % 44, , , , , , , ,

207 44,200,000 60,000,000 32,900, % 99.2% 99.3% % % % % 44, , , , , , , , ,300,00059,800,000 32,600, % 98.9% 98.2% (i) (ii) (iii) PETITO ITO PDLC 84.3% 84.6% 76.3% 9.8% 9.5% 18.3% 5.9% 6.0% 5.4% 200

208 % % % % 25, , , , , , , , , , , , , , , % % % % ITO 15, , , , , , , , , , , , , , , , , , , ,

209 % % % % % % % % ITO 3, , , , , , , , , , , , , , (109) (0.8) (12.4) (45) (0.7) (5.1) , , , ,

210 , , ,200,000 5,600,000 2,600,000 3,800, % 9.3 % 11.4% 11.4% ,627 2,377 1,320 1, (112) ,211 5,633 2,551 3,

211 6,800,000 7,800,000 3,700,000 9,700, % 12.8% 16.4% 29.1% 1,603 1, ,259 3,195 1,396 1, , , , ,758 7,771 3,671 9,660 1,500,000 2,000,000 3, , % 3.3% 0.01% 2.9% 1,436 1,876 (20) ,518 1,

212 106, , , % 0.3% 0.7% 25% 15% 15% 313,000 1,700,000401, , , (253) (88) , % 15% 16.5% 205

213 33,200,000 22,400,000 10,800, % ITO ITO ITO 9,600,000 3,100, % 6,500,000 ITO 6,500,000 2,800, % 9,300,000 ITO 5,600,000 4,100, % 9,700,000 5,300,

214 19,700,000 15,900,000 3,800, % 2,300, % 3,600,000 (i)ito (ii) 6,600,000 6,900, % 13,500, % 40.7% 648, , , % 200,000 3,800,000 2,600,000 1,200, % 11.4% 207

215 9,700,000 3,700,000 6,000, ,500, % 29.1% 946,000 3, , % 2.9% 996,000 6,500, , , , , ,0001,200,000 6,500,

216 60,500,000 44,800,000 15,700, % ITO ITO 18,200, , % 18,400,000 ITO ITO 7,200,000 11,400, % 18,600,000 18,600,000 10,200, % 8,400,000 13,600,

217 36,600,000 30,500,000 6,100, % 3,000, % 3,500,000 (i)ito (ii) 1,800, % 2,200,000 14,300,000 9,600, % 23,900, % 39.5% 1,100,000 14,000 1,100, ,100,000 5,600,000 5,200, , % 11.6% 9.3% 210

218 7,800,000 6,800,000 1,000, % 15.1% 12.8% 2,000,000 1,500, , % 3.4% 3.3% 702,000 8,700, ,400,000 1,700, ,000 1,400, ,000 7,300, ,700,

219 25,367 45,471 42,518 12, ,223 46,203 43,135 13,600 8,632 9,234 28,147 24,917 32,637 5,925 2,815 5, ,662 7,166 13,242 50,334 43,550 60,801 (6,883) (14,492) (8,239) (25,504) (14,661) (23,134) (4,500) (235) (1,352) (625) (656) (764) (885) (37,778) (31,269) (32,883) 12,556 12,281 27,918 50,779 58,484 71, ,779 58,484 70, ,778 58,483 70,195 50,779 58,484 70,

220 6,511 4,321 3,660 2,146 2,371 2,431 4,943 1,940 3,143 13,600 8,632 9,234 13,600,000 8,600,000 8,600, % 9,200,

221 ,576 23,729 33,869 (176) (1,377) (2,179) 23,400 22,352 31,690 4,747 2, ,147 24,917 32,637 24,900,000 28,100,000 3,200, % 2,200,000 32,600,000 24,900,000 7,700, % 10,100,000 1,600,

222 ,743 8,861 22, ,408 4,128 4, ,226 7,236 3, ,770 4,692 2,201 28,147 24,917 32,

223 176,000 1,400,000 2,200,000 2,600, % 5,900,000 2,800,0005,700,000 5,154 1,945 3, , ,925 2,815 5,668 2,800,000 5,900,000 3,100, %3,200,000 5,700,0002,800,000 2,900, % 2,100,

224 20,000 20, ,900,000 7,600, % 14,500,000 14,500,000 6,200, % 8,200,

225 6 2,212 9,537 6, ,143 1, , , ,883 14,492 8,239 1,600, % 25,500,000 14,700,00023,100,000 1,377 3,833 2, ,283 1,434 1, ,320 4,394 7, ,446 4, ,458 20, ,504 14,661 23,

226 14,700,000 25,500,000 10,800, % 20,000,000 (i) (ii) 23,100,000 14,700,000 8,500, % 6,800,000 25,400,000 45,500,00042,500,000 ITO 12,300, ,00029, , , ,000 13,200,

227 9,718 20,232 (16,405) (12,738) (5,368) (11,212) (10,072) 1,450 (2,592) (4,525) 27,554 17,351 1,758 4,495 1,077 6, ,662 2,662 7, ,662 7,166 3,750 13,242 12,700,000 3,000,000 14,100,000 8,500,0002,900,000 6,300,000 4,000,000 1,600,

228 20,200,000 15,000,000 5,200,0005,000,000 2,000,000 3,100,000 7,600,000 11,900, ,000 9,700,000 5,300,000 4,400,000 8,600,000 8,400,000 2,900,000 1,000,000 23,400, ,000 1,500,000 1,100, , ,000 11,200,000 11,200,000 5,400,000 (i) 13,800,000(ii) 8,500,000 17,400,000 (i) 12,900,000 (ii) 4,500,

229 4,500,000 4,500,000 2,600,000 (i) 30,000,000 (ii) 4,500,000 37,000,00 70,200,000 43,100,000 27,900, ,000 13,600 8,632 9,234 10,230 28,147 24,917 32,637 40,281 5,925 2,815 5,668 5, ,662 7,166 13,242 11,798 50,334 43,550 60,801 67,348 6,883 14,492 8,239 11,712 25,504 14,661 23,134 24,450 4, , ,778 31,269 32,883 37,966 12,556 12,281 27,918 29,

230 (i)(ii) (iii) (iv) (v) (i)(ii) (iii) (iv) (v) 4, , ,500,

231 110,000, ,033 1,098 1,808 1, ,841 2,

232 8,011 8, , ,013 21, ,662 24, ,700,00024,000,000 ITO 404,

233 ( )

234 227

235 % % (2,572) (1,929) (3,093) (2,629) (1,502) (1,277) 5% (1,286) (965) (1,547) (1,315) (751) (638) (5)% 1, ,547 1, (10)% 2,572 1,929 3,093 2,629 1,502 1,277 10% (521) (391) (563) (479) (378) (321) 5% (261) (196) (282) (240) (189) (161) (5)% (10)% % (676) (507) (777) (660) (316) (269) 5% (338) (254) (389) (331) (158) (134) (5)% (10)%

236 2.7% 30.4% 41.6% 13.5% 167.0% 165.4% 10.4% 121.1% 198.0% 6,500,000 5%

237 21.5% 61.8% 19.9% 59.9% 15.7% 61.5% ,970 1,913 6,883 4,705 4,705 20,333 20, ,343 1,913 4,705 31,

238 ,287 1,205 14,492 3,925 1,029 4, ,548 1,205 1,029 19, ,949 2,290 8,239 6,455 1,051 7,506 5,458 5,458 17,862 2,290 1,051 21,203 (%) (%) (%) (%) (%)

239 % % % 9. 5,300,000 6,500, ,500, ,500,

240 0.9% 12.7% 0.8% 13.2% 0.4% 8.6% % 28.5% 21.1% 233

241 22,300,000 25,900,000 7,900,000 9,100,000 14,400,000 16,800,

242 (i) (ii)(iii) (iv) 22,300,00025,900,

243 (i) (ii) (iii) 236

244 ITO ITO 237

245 238

246 (DIY) 239

247 240

248 241

249 (i) % (ii) % 242

250 (iii) (iv) (v) % % % %

251 244

252 245

253 246

254 247

255 248

256 249

257 250

258 251

259 252

260 253

261 254

262 255

263 256

264 257

265 258

266 259

267 260

268 261

269 262

270 263

271 264

272 II 2.1 II 1 II 1 I-1

273 I-2

274 II 2.1 I-3

275 I. 4 44,805 60,477 22,447 33,151 (30,524) (36,581) (15,877) (19,675) 14,281 23,896 6,570 13, , (5,211) (5,633) (2,551) (3,776) (6,758) (7,771) (3,671) (9,660) (1,518) (1,968) (3) (946) (106) (205) (152) , (258) 9 (313) (1,712) (401) (938) 389 7, (1,196) , (1,184) 389 7, (1,196) 389 7, (1,184) I-4

276 I ,367 45,471 42, , ,223 46,203 43, ,600 8,632 9, ,147 24,917 32, ,925 2,815 5, ,662 7,166 13,242 50,334 43,550 60, ,883 14,492 8, ,504 14,661 23, , , ,778 31,269 32,883 12,556 12,281 27,918 50,779 58,484 71, ,779 58,484 70, ,778 58,483 70,195 50,779 58,484 70,196 I-5

277 I. * * * * * * 23 24(a) 24(b) 24(c) 24(d) 20, (224) 20, ^ 30,000 30, , ,779 7,696 7, ,696 7,705 1,111 ( 1,111) (55,161) (55,161) 55,161 55,161 1 (5,161) 1,318 55, ,750 58,484 (1,196) (1,196) (1,196) (1,184) 12,896 12, ,896 (5,161) 1,318 55, ,554 70,196 I-6

278 I. * * * * * 23 24(b) 24(c) 24(d) 1 50, , (55,161) (55,161) 55,161 55,161 1 (5,161) , ,385 * ^ I-7

279 I , (258) 11 3,080 3,425 1,563 2, , ,201 (20) (8) (22) (3) (6) 5 (31) ,316 14,954 2,688 2,980 (8,634) 4,968 3,473 (602) (8,424) 2,029 (3,802) (8,522) (2,914) 3, (2,853) 1,025 7, (6,253) 23,175 (11,862) (19,035) 4, (186) 121 9,927 20,915 (15,853) (11,096) (209) (683) ( 552) (1,642) 9,718 20,232 (16,405) (12,738) I-8

280 I. (13,841) (11,215) (10,056) (579) 8, (20) (20) 1, (5,368) (11,212) (10,072) 1,450 12,896 30,000 24(b) (55,161) (55,161) 24(d) 55,161 55,161 (36,986) ,706 4,455 5,000 (500) (4,500) (1,000) (106) (205) (152) (2,592) (4,525) 27,554 17,351 I-9

281 I. 1,758 4,495 1,077 6, ,662 2,662 7, ,662 7,166 3,750 13, ,662 7,166 3,750 13,242 I-10

282 I. 15 2, ,441 70, ,441 72, ,088 2,960 1,556 6, ,441 66, ,440 66, ,441 66,278 I-11

283 II. 1. Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda ITO Top Access Management Limited Top Access Strong Eagle Holdings Limited Strong EagleTop Access Strong Eagle (a) (b) 62,500, (b) (a) (b) ITO I-12

284 II I-13

285 II (a)(b) I-14

286 II (a) (b) (c) I-15

287 II (i) (ii)(iii)(i) (ii) (iii) I-16

288 II. 3.2 I-17

289 II. 3.2 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) I-18

290 II % I-19

291 II. 3.2 I-20

292 II. 3.2 (a) (b) I-21

293 II. 3.2 I-22

294 II. 3.2 I-23

295 II. 3.2 I-24

296 II. 3.2 I-25

297 II. 3.2 (a) (b) (a) (b) (c) I-26

298 II I-27

299 II ,0001,352, , ,000 1,377,0002,179,00014 I-28

300 II ,000611,000588, ITO 10% A 7,198 * * * B * * 2,794 C 3,988 D 3,553 E 3,522 F * * * 3,472 * 10% I-29

301 II. 4. % % % % ITO 18, , , , , , , , , , , , , , , , , , , , (a) % % % % * 44, , , , , , , , * (b) I-30

302 II * 6 1, , * I-31

303 II ,524 36,581 15,877 19, ,105 8,896 4,285 3, ,321 9,217 4,421 4, ,080 3,425 1,563 2,339 1,603 1, ,505 1, ,201 (20) I-32

304 II (1)(a) (b) (c) (f) I-33

305 II. 7. ** ** ** ** * ** I-34

306 II ,000, % 25% 15% I-35

307 II , (253) (88) , , (258) * (6,224) 702 9, ,966 15% 1, % % (9) (2) (7) , * 10. I-36

308 II , , ,013 1,662 33, ,440 35,613 2, ,528 24,204 21,508 (21,508) 57, ,460 59, (2,989) (42) (3,031) 54, ,767 57,190 5, ,906 2, ,080 1,260 1,260 9, ,246 3, , , ,346 2, ,339 (2,007) (6) (2,013) 14, ,672 27, ,045 23, ,440 25,367 43, ,460 45,471 40, ,767 42,518 I-37

309 II ,530,0001,260, , , , ,511 4,321 3,660 2,146 2,371 2,431 4,943 1,940 3,143 13,600 8,632 9, ,576 23,729 33,869 (176) (1,377) (2,179) 23,400 22,352 31,690 4,747 2, ,147 24,917 32,637 I-38

310 II ,743 8,861 22,528 5,408 4,128 4,312 10,226 7,236 3,596 1,770 4,692 2,201 28,147 24,917 32, , , ,377 2,179 7,922 4,639 8,252 10,691 9,825 19,586 9,152 5,191 2, ,262 1,978 28,147 24,917 32,637 I-39

311 II ,154 1,945 3, (c) 1 * 2, ,925 2,815 5,668 * 16. 2,662 7,186 13,262 (20) (20) 2,662 7,166 13,242 I-40

312 II ,614 6,924 11, ,217 2,662 7,166 13, ,212 9,537 6,704 2,143 1, , , ,883 14,492 8,239 I-41

313 II ,377 3,833 2, ,283 1,434 1, ,320 4,394 7, ,446 4,335 27(c) ,458 20, ,504 14,661 23, I-42

314 II (202) (25) (50) (290) 147 (23) (306) (170) (47) I-43

315 II (31) (a) 10,000 1,000,000 10,000 Top Access 0.01 (b) (c) Raton Race Investments LtdRaton Race 24. (a) 23(b) 23(c) 660 Raton Race I-44

316 II. 24. (b) 2.1(i) 55,161, % (ii)50,000,000 (c) (d) Top Access 55,161,000 Top Access I-45

317 II ,279 3,279 55,161 55,161 55,161 3,279 58,440 1,165 (6,224) (5,059) 12,896 12,896 12,896 55,161 4,444 (6,224) 66, ,033 1,098 1,808 1, ,841 2,390 I-46

318 II , Top Access Zhuhai Singyes Electronic Technology Co., Ltd.Singyes Xinye I-47

319 II. 27. (a) (i) (i) 9 3 (i) 3 (i) (i) 16 (i) (ii) 315 (iii) (iii) (iv) (i) (ii) (iii) (iv) 3 11 (iii) (iv)20 I-48

320 II. 27. (b) (i) 17,034 32,229 27,854 1,281 Singyes Xinye , ,049 18,153 33,179 28,712 4,455 25,088 32, , ,139 32, Singyes Xinye 9,026 1) 8,771,000 2) 3,665,000 3) 15,501,000 4) 381,000 I-49

321 II. 27. (b) (i) 5) Singyes Xinye 31,920,000 6) 707,000 7) 39,000 (ii) 110,000,000 (c) Top Access ,012 Singyes Xinye , ,458 I-50

322 II. 27. (d) , ,0001,498,000515, ,000 1,498,000515,000 I-51

323 II ,127,0002,366,0004,155, I-52

324 II % 5.0% 1 (195) (149) (1) % % % % I-53

325 II ,970 1,913 6,883 4,705 4,705 20,333 20, ,343 1,913 4,705 31,961 13,287 1,205 14,492 3,925 1,029 4, ,548 1,205 1,029 19,782 5,949 2,290 8,239 6,455 1,051 7,506 5,458 5,458 17,862 2,290 1,051 21,203 I-54

326 II. 29. I-55

327 II ,883 14,492 8,239 4,500 25,504 14,661 23, , (2,662) (7,166) (13,242) (20) (20) 34,460 23,319 18,736 50,779 58,484 70,196 85,239 81,803 88, % 28.5% 21.1% ,000, I-56

328 III. I-57

329 A (1) 70,196,000 (2) (3) (4) 51 II-1

330 B. II-2

331 II-3

332 II-4

333 1. 42A 2. (a) (i) III-1

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

335 (v) (vi) III-3

336 (aa) (bb) (cc) (dd) (ee) III-4

337 (vii) III-5

338 (viii) (14) III-6

339 (ix) (b) (c) (i) (ii) (iii) (iv) III-7

340 (v) (vi) (vii) (d) (e) 2(i) (f) III-8

341 (g) (h) III-9

342 (21) III-10

343 (i) (21) (20) (14) (10) (i) (ii) (95%) (j) III-11

344 (30) (k) (l) III-12

345 (m) (i) (ii) (a) (b) III-13

346 (n) (o) (20%) (14) III-14

347 (20%) (p) (q) (r) 4(e) (s) III-15

348 (t) (i) (ii) (iii) (u) 3. (21) 95% (21) III-16

349 4. (a) (i) (ii) (aa) (bb) (iii) III-17

350 (b) (c) (i)(ii)(iii) (i)(ii) III-18

351 42A (d) (i) (ii) 54 (e) III-19

352 (f) (g) (i) (ii) (iii) III-20

353 (5) (21) (7) (h) (21) (7) III-21

354 (15) (i) (j) III-22

355 (k) (l) (20%) (a) (b) (c)98(2)(c) (m) (2) III-23

356 (14) (2) 87A (n) III-24

357 5. Conyers Dill & Pearman III-25

358 A. 1. Clarendon House, 2 Church Street, Hamilton HM11, Bermuda , Top Access 10,000 10,000 Top Access (a) , ,100 Raton Race Investments Ltd. (b) 9,999,988, ,000,000 IV-1

359 3. (a) (b) 9,999,988, ,000,000 (c) (i) (ii) (iii) (i) (ii) 3,599,889 IV-2

360 (c) 20% (i) (ii) (iii) (d) 10% (i) (ii) (iii) (e) (c) (d) 10% IV-3

361 (a) 1 100% IV-4

362 (b) 62,500,000 61,094, % ITO 7. (a) (i) IV-5

363 10% (ii) (iii) (iv) IV-6

364 (v) 10% 10% 30 5% (vi) (vii) (1) (2) IV-7

365 (viii) 30 (b) (c) (1) (2) (3) (d) IV-8

366 (e) (f) (g) % IV-9

367 B. 1. (a) (b) (c) (d) Rat on Race Investments Ltd (e) (f) 3 11 (g) (i) , (ii) IV-10

368 2. (a) (b) ITO ZL ZL ZL ZL ZL ZL ZL IV-11

369 ZL ZL ZL X ZL ZL ZL X IV-12

370 (c) 9, 17, TMZC ZC-SQ01 17 TMZC ZC-SQ01 19 TMZC ZC-SQ01 C. 1. IV-13

371 150, , , ,000 15% ,000 22,000 IV-14

372 935, , , XV XV IV-15

373 (a) Top Access Strong Eagle 53.0% XVStrong Eagle (b) Strong EagleStrong Eagle Strong Eagle 53.0% 11.0% 8.0% 9.0% 4.0% XVStrong Eagle 2 IV-16

374 5. XV2 3 10% (a) Top Access 1 Strong Eagle The entire issued share capital of Top Access XVTop Access 2. Strong Eagle XVStrong Eagle Top Access 3. Strong Eagle 53.0% 11.0% 8.0% 9.0% 4.0%XV Strong Eagle IV-17

375 (a) XV XV (b) A. XV2 3 10% IV-18

376 (c) D. 9. (d) D. 9. (e) D. 9. (f) (g) (h) 5% D. IV-19

377 E % IV-20

378 (i) (ii) (iii) (iv) (a) (b) (c) (d) IV-21

379 2. 3. (a) (b) (c) (d) 6A.19 6A.07 5,000,000 IV-22

380 4. 6, IV-23

381 A 44B L IV-24

382 (a) [ (i) (ii) (iii) (iv) (v) (b) 9. (i) (ii) IV-25

383 (c) (d) (e) (f) (g) (h) IV-26

384 (a) (b) (c) (d) (e) (f) B. 1. (g) (h) (i) C. 1. V-1

385 (i) (k) D. 10. V-2

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