Modern Living Investments Holdings Limited [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ][ ] 1% % 0.005% 0.01 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [

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1 Modern Living Investments Holdings Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) 1933

2 Modern Living Investments Holdings Limited [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ][ ] 1% % 0.005% 0.01 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]

3 32L 9A [ ] [ ] 1. [ ][ ] 2. [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] i

4 ii

5 [ ] iii

6 [ ] iv

7 [ ] v

8 [ ] [ ] [ ] ii iii vi [9] [19] [21] [22] [ ] [33] [ ] [37] [41] [43] [55] [76] [87] [128] [134] [151] [154] vi

9 [155] [ ] [190] [ ] [197] [ ] [204] [ ] [210] I II III IV V-1 vii

10 [ ] [ ] [ ] [ ] 100% (i) (ii) (iii) % (i) (ii) 1

11 % 99.4% 100% 2

12 % 85.4% 72.4% % 67.4% ,000 2, % 85.4% 92.2% (i) (ii) (iii) [ ] R5A Group Limited [ ] R5A Group Limited 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% [ ] R5A Group Limited 30% R5A Group Limited R5A Group Limited R5A Group Limited

13 , , , ,651 4,787 17,044 3,808 3,815 2,095 13,300 2,791 2, % 4.9% 3.3% , , ,516 8,884 10,388 10,190 61,185 79,104 74,884 1,266 2,571 2,458 46,994 61,600 64, ,187 (7,050) (5,814) (4,826) (918) (3,030) (416) (397) 14,112 12,794 (5,822) (4,821) 16,381 2,714 (12,052) 7,502 2,681 2,681 19,062 2,681 19,062 5,395 7,010

14 % 21.6% 13.6% 1.9% 9.3% 6.2% % 53.7% 45.4% [ ] [ ] [ ] [ ] [ ] [ ] (i) [ ] 2017 (ii) [ ] [ ] 5

15 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (a) [ ] [ ] [ ] 18,000 (b) [ ] [ ] [ ] (c) [ ] [ ] [ ] [ ] [ ] ,000 (i) (ii) [ ] [ ] 6

16 [ ] % [ ] [ ] [ ] [ ][ ] [ ] [ ][ ] 1 [ ] [ ] 2 [ ] [ ] (1) [ ] [ ] (2) [ ] [ ] [ ] [ ] [ ] [ ] 7

17 (i) (ii) (iii) [ ] [ ] 2017 [ ] 8

18 [ ] [ ] [ ] A. 4. [ ] 9

19 R5A Group Limited 2017 E

20

21 [ ] [ ] [ ] [ ] [ ] [ ] [ ] 283 [ ] [ ] 12

22 [ ] [ ] [ ] [ ] 485 [ ] R5A Group Limited 13.96% 13

23 R5A Group Limited 16.28% R5A Group Limited 1.16% R5A Group Limited 12.79% R5A Group Limited 0.58% R5A Group Limited 55.23% [ ] [ ] [ ] [ ] 14

24 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 32 [ ] [ ] [ ] [ ] 626 [ ] [ ] [ ] [ ] 15

25 [ ] [ ] [ ] [ ] R5A Group Limited R5A Group Limited % 16.28% 13.96% 12.79% 1.16% 0.58% R5A Group Limited S S [ ] [ ] [ ] D. 16

26 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 17

27 % % 18

28 4,000 4,000 19

29 ISO OHSAS Occupational Health and Safety Advisory Services 20

30 [ ] [ ] 21

31 [ ] % 99.4% 100% 22

32 (i) (ii) (i) (ii) (iii) 12 23

33 (i) (ii) 24

34 % 4.9% 3.3% % 3.9% 2.5% 25

35 % 85.4% 92.2% ,000 5% 4,250 69,461 89,250 85,000 5% 77.8% 26

36 27

37 % 2.6% 1.7% 28

38

39 90 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 30

40 17.29 [ ] [ ]

41 [ ] [ ] [ ] [ ] 32

42 [ ] [ ] 33

43 [ ] [ ] 34

44 [ ] [ ] 35

45 [ ] [ ] 36

46 [ ] C A G A A 18B 15E 37

47 [ ] B 2 D D

48 [ ] [ ] [ ] [ ] [ ] A B 39

49 [ ] [ ] [ ] [ ] 40

50 PO Box 1350 Clifton House, 75 Fort Street Grand Cayman KY Cayman Islands A A G 43 G 43 41

51 [ ] [ ] 1 42

52 [ ] [ ] [ ] [ ] 440,

53 2012 2,276, ,352, % % ,501, , /18 280,000 3,000 2,500 2,000 1,500 1, , , , , , , , , , , , % 1.2% 1, , , , , , , , , % 0.9% 0.9% 1.7% 0.3% 1.1% , , % % ,

54 6.7% 3.7% ,000 50, , ,000 45

55 46

56 % % % 5.3% % 4.9% 5.8% 5.7% -8.4% 1.6% % %

57 % 5.7% % 5.7% 4.3% 5.5% % %

58 % 5.5% % 5.8% 4.0% 5.2% % % 23.1% 76.9% % % 7.9% 49

59 % 7.9% 6.4% 6.1% 63.8% 5.8% % % 35.0% 65.0% 50

60 % % 15.9% % 16.9% 15.9% 8.0% 12.8% 11.9% % , , , ,000 60% 51

61 ,100 19,

62 , , , , , , , , ,000 53

63 30,000 25,000 20,000 15,000 10,000 5,

64 283 4(2A)(a) (i) (ii) (iii) (i) (ii) (iii) (iv) (v) 55

65 (a) 4,000 (i) (ii) (b) A B A B 45,000 30,000 23,000 9, A B 56

66 (c) A B A B 70,000 35,000 23,000 9, A B 1. (a) (i) (ii) 2. (a) ISO (i) (iv) (i) (ii) 57

67 (iii) 2,000 3,000 (iv) (b) OHSAS (i)+(ii)+(iii) (i)+(ii)+(iv) (i) (ii) (iii) 2,000 3,000 (iv) 3. (a) (b) (i) 58

68 (ii) 4, , (c) (i) (ii) (a) 2 (b) % 59

69

70 1 3 2 E 3 C (a) (i) (ii) 61

71 (iii) (iv) 12 62

72 (v) (vi) (vii) (viii) 63

73 (b) (i) (ii) (iii) 17(I)(1) A(4) (iv) 7 7A 43E (v) (vi) (c) (i) (ii) 36 (iii) 36 64

74 (iv) 36 (v) 1. (a) (i) (ii) 2. OHSAS (i) (iv) (i) (ii) (iii) A B A B

75 (iv) 3. A 1, A (a) (a) 20% (b) 700,000 (b) 800,

76 (i) (ii) 2. IV I 67

77 3. A A (a) (a) 20% (b) 1 (b) 600,

78 (i) (ii) (iii) (2) (1) (i) (ii) 7(2) 8(1) (i) (ii) 1 1 (iii) (2) (i) (ii) (iii) 5 (iv) (v) (vi) (i) (ii) (iii) 69

79 5 (iv) (v) (vi)

80 (a) (b) 18 (c) (a) (b) 71

81 (a) 200,000 (b) 20% (a) (b)

82 485 30,000 5% 57 43C 43F

83 I 350, (1) 11 (a) (b) 354M 74

84 (i) (ii) (i) (ii) (iii) (iv) 11(1) (i) (ii) (iii) D 75

85 Leung Kai Pong Fan Wing Chuen Yip Kam Chuen Leung Kai Pong Fan Wing Chuen Yip Kam Chuen Sheen Choice Limited Sheen Choice Limited 2007 Sheen Choice Limited Li Yuk Ching % % 45% R5A Group Limited ,200 76

86 ISO ISO ISO OHSAS ,497 66,

87 ,000 38,000, Reid Services Limited R5A Group Limited R5A Group Limited 1, ,

88 Leung Kai Pong Fan Wing Chuen Yip Kam Chuen Sheen Choice Limited Li Yuk Ching Fan Wing Chuen Yip Kam Chuen Fan Wing Chuen Leung Kai Pong Fan Wing Chuen Yip Kam Chuen 20,000 4% 20,000 Leung Kai Pong Sheen Choice Limited Li Yuk Ching 125,000 90,000 15,000 15,000 25% 18% 3% 3% 3,754,237 2,703, , ,509 Li Yuk Ching Sheen Choice Limited Fan Wing Chuen 5,000 1% 143,600 Yip Kam Chuen 350, % 793, Yip Kam Chuen Fan Wing Chuen 400,000 4% 1,056,480 Fan Wing Chuen , % 192,000 79

89 21,460,00021,000,000 8,600, % 2,400, % ,200, % 2,000, % 1,800, % Yuen Moon Chee 1,200, % , % Lau Chak Man 600, % Szeto Shuk Yee 400, % 400, % , % Li Woon Fun Louis 200, % 200, % 21,000, % 80

90 Li Woon Fun Louis Li Woon Fun Louis 100, % 242, Li Woon Fun Louis Li Woon Fun Louis 100, % 242,200 Li Woon Fun Louis , % 1,136, , % 454, Lau Chak Man Lau Chak Man 200, % 454,400 81

91 Lau Chak Man Lau Chak Man 400, % 908,800 Lau Chak Man Yuen Moon Chee Yuen Moon Chee 1,200, % 2,726,400 Yuen Moon Chee Szeto Shuk Yee Szeto Shuk Yee 400, % 968,800 Szeto Shuk Yee 82

92 ,500, % 2,800, % 2,400, % ,200, % 2,000, % 1,200, % 400, % 200, % 200, % , % 21,000, % 83

93 45.24% 13.33% 11.43% 10.48% 9.52% 5.71% 1.91% 0.95% 0.95% 0.48% [ ] (a) R5A Group Limited R5A Group Limited 50, R5A Group Limited R5A Group Limited (b) ,000 38,000, R5A Group Limited (c) ,

94 (d) R5A Group Limited 1, [ ] 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% R5A Group Limited 81.91% 9.52% 5.71% 1.91% 0.95% 100% 100% 85

95 [ ] 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% R5A Group Limited 100% 100% 86

96 100% (i) (ii) (iii) % ,192 2, ,

97 28 1,751,

98 %

99 2,

100 ,800 85,000 5% 69,461 89,250 85,000 5% 77.8% 19, ,000 12, ,000 19,789 (i) (ii) 91

101 [ ][ ] [ ] [ ] [ ][ ] [ ] [ ] [ ][ ] [ ] 2016/ /21 21,000 [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ][ ] [ ] 92

102 2,200 [ ][ ] [ ] [ ] [ ][ ] [ ] [ ] [ ][ ] [ ] 100% (i) (ii) (iii) ,800 93

103 ,761 79,861 79,705 (i) (ii) (iii) 94

104 (iv) (v) (vi) 24 (i) (ii) 95

105 170 96

106 30 13 (i) (ii) (i) (ii) (iii) (iv) (v) (vi) ,189 97

107

108 (i) (ii) (iii) % 99.4% 100% 5% 5% ,000 85,000 4,250 5% 89,250 25% 69,461 89,250 85,000 5% 77.8% 19,789 99

109 % 99.4% 100% % (i) ,200 16,200 (ii) (iii) ,

110 (iv) (v) (vi) (vii) (viii) 101

111 102

112 ?? 103

113 ,000 85,000 5% 4,250 5% 89, ,116 70,000 3, ,158 70,

114 (i) (ii) (iii) 105

115 (i) (ii) 106

116 (i) (ii)

117 90 14 (i) (ii) (i) (ii) (iii) (iv) 108

118

119 (i) (ii) (%) 1. 30, % 7 2. B % 2 3. C % 3 4. D % 3 5. E % 2 32, % 110

120 2016 (%) 1. 13, % 7 2. B 1, % 2 3. F 1, % 1 4. G % 2 5. D % 3 17, % 2017 (%) 1. F % 2. G % 2 3. I % 1 4. J % 1 5. K % 1 1, % % 85.4% 79.5% % 67.5% ,

121 [ ] [ ] 60% 5% (i) (ii) (iii) (iv) ISO (v) (vi) 112

122 (i) (ii) (iii) (iv) ISO ISO ISO ISO ISO OHSAS

123 IIA IIA

124 2011 ISO ISO ISO OHSAS

125

126 ,436 2,053 2,205 2,229 1, ,

127 53.3%

128 % 85.4% 92.2%

129 D. 120

130 121

131 122

132 9 354N 11 10(1) 12(1) (a) (b) (a) 10(1) 9 (b) 9(a) (c) (d)

133 (a) [ ] (b) (c) (d) (e) (f) [ ]

134 , A 32L 6(2) 34(2) 342(1)(b) B. 2. (a) (b) 125

135 % (i) (ii) (iii) ,

136 (i) (ii) (iii)

137 [ ] R5A Group Limited [ ] R5A Group Limited 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% [ ] R5A Group Limited 30% R5A Group Limited R5A Group Limited R5A Group Limited R5A Group Limited R5A Group Limited (i) [ ] [ ] [ ] 128

138 [ ] [ ] [ ] (ii) [ ] [ ] (iii) R5A Group Limited R5A Group Limited R5A Group Limited 129

139 [ ] [ ] (i) (ii) (iii) (a) 5% (b) 130

140 (i) (ii) (iii) (iv) (v) (vi) (vii) 131

141 (viii) (ix) (v) [ ] (i) (ii) 30% (1) (2) (3) 132

142 (4) (5) 133

143

144

145

146 AA

147 Wai Sing Metal Company Limited Wai Sing A Wai Sing

148 Deloitte Haskins & Sells Deloitte Touche Tohmatsu Coopers & Lybrand Sung Fung & Co Sung Fung Tam & Co LED ( AA 751 Diamond Towers Limited Austria Asia International Trading Limited Tyin Group Holdings Limited

149 Lightscape Technologies, Inc. (i) (ii) Peat, Marwick, Mitchell & Co

150 SCSI AA 291AA

151 Toronto Real Estates Board B.H. Levelton & Associates Limited

152 Walcom Group Limited

153 C.I.M. & Associates Limited Faiton Industrial Limited LED AA

154 Grace Luck Limited Peipus Worldwide Limited Profit Access Group Limited Tinkerbelle Services Limited Winlok Assets Management Limited (i) X V (ii) (iii) 145

155 17.50(2)

156 [ ] 147

157 D. C

158 B.1.2 A.5.2 [ ] 6A.19 6A.23 (a) (b) (c) [ ] 149

159 (d) [ ] [ ]

160 [ ] [ ] [2,000,000,000] [0.01] [20,000,000] [ ] 2, [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 11.23(7) [ ] 25% [ ] [ ][ ] [ ] [ ] 151

161 [ ] (i) [ ] 20% (ii) (i) (ii) (iii) A. 4. [ ] [ ] 10% A. 4. (i) (ii) 152

162 (iii) A. 4. D. 153

163 [ ] XV % [ ] [ ] (1) R5A Group Limited (2) [ ] (L) [ ] (2) [ ] (L) [ ] (3) [ ] (L) [ ] (1) L (2) R5A Group Limited [ ] [ ] [ ]% R5A Group Limited 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% R5A Group Limited (3) [ ] 6. XV %

164 (i) (ii) (iii) % 99.4% 100.0%

165 % 99.4% 100.0% 2, % 85.4% 92.2% % 8% 10% +10% +8% +5% 5% 8% 10% 2015 (24,790) (19,832) (12,395) 12,395 19,832 24, (29,416) (23,533) (14,708) 14,708 23,533 29, (10,753) (8,602) (5,376) 5,376 8,602 10,

166 % 8% 10% +10% +8% +5% 5% 8% 10% 2015 (3,023) (2,418) (1,511) 1,511 2,418 3, (1,399) (1,119) (700) 700 1,119 1, [ ]

167 (i) 158

168 (ii) (iii) (iv) 159

169 , , , , (963) 132 (225) 14 (247,900) (294,164) (96,271) (107,525) (33,593) (18,245) (9,319) (1,368) (2,084) (2,012) (676) (407) (1,490) (1,874) (612) (710) (13,457) (11,663) (3,512) (2,941) 4,787 17,044 3,808 3, (2,173) (1,075) (393) (301) (1,845) (1,070) (390) (300) 2,942 15,974 3,418 3,515 (847) (2,674) (627) (590) 2,095 13,300 2,791 2,925 (i) (ii) (iii) % 99.4% 100.0% 160

170 % (i) (ii) (iii) , (i) 0.4 (ii) ,

171 , , , , , , , , , , , , % 95.3% 95.3% % % % % 118, , , , , , , , , , , , , , , , (i) (ii) (iii) % % %

172 % % , , , , , , , , , , ,

173 , , , , , , , , , , , , , , (i) (ii)

174 % 4.9% 3.3% % % (i) (ii) 2016 (iii) ,000 1, (i) (ii) % % % %

175 % 3.9% 2.5% % % , % %

176 % % % % % % % 2.5% % 167

177 (i) (ii) (iii) (i) 0.4 (ii) % %

178 (i) 2016 (ii) % % (i) (ii) 2016 (iii) (i) 1.1 (ii)

179 (i) (ii) % % % % 170

180 ,953 54,521 65,298 73,502 73,264 7,251 5,977 8,453 5, ,861 36,554 36,555 36,555 2,681 25,058 13,006 8, , , , ,737 7, ,377 28,521 28,370 26,545 10,321 31,146 27,469 24,630 17,324 17,388 16,388 16,388 1,811 2,345 2,528 61,185 79,104 74,884 70,446 39,376 53,783 56,632 53,

181 % % % % % % % % % % % % % % % % % % % % % 172

182 ,783 6,822 6,528 1,113 1,513 1,595 1,988 2,053 2,067 8,884 10,388 10,190 1,953 54,521 65,298 73,502 7,251 5,977 8, ,861 36,554 36,555 2,681 25,058 13, , , , ,953 1,784 1,266 2,571 2,458 7, ,377 28,521 28,370 10,321 31,146 27,469 17,324 17,388 16,388 1,811 2,345 61,185 79,104 74,884 46,994 61,600 64,

183 ,

184 ,090 53,195 59,978 10,431 12,103 13,524 54,521 65,298 73, % % ,280 30,339 30, ,398 21,065 28, ,412 1,791 1,379 44,090 53,195 59,

185 (ii) ,725 2,067 2, ,884 1,106 3,063 2,601 2,159 1, ,251 5,977 8,

186 [ ] ,953 1,784 10,098 30,655 26, ,953 33,099 29,

187 (i) (ii) ,996 5,996 4,230 20,040 16,785 1,248 1,311 1,333 4,620 3,308 2,857 10,098 30,655 26, % % 5.25% % 5.25% 178

188 (i) , ,

189 (ii) ,734 4,733 4,993 2,271 3,122 3,658 15,410 18,476 18,693 2,654 2,190 1, ,377 28,521 28, % 81.4% 83.5%

190 [ ][ ] ,187 (7,050) (5,814) (4,826) (918) (3,030) (416) (397) 14,112 12,794 (5,822) (4,821) 16,381 2,714 (12,052) 7,502 2,681 2,681 19,062 2,681 19,062 5,395 7,010 5,996 5,895 5,996 2,681 25,058 11,290 13,

191 (i) 10.4 (ii) 2.9 (iii) (i) 10.8 (ii) 6.9 (iii) (i) 8.2 (ii)

192 [ ] [ ] ,

193 ,953 1,784 1,740 10,098 30,655 26,971 24, ,324 17,388 16,388 16,388 27,645 48,534 43,857 41,018 28,277 50,487 45,641 42, (i) 2.1 (ii) 36.6 (iii) 22.3 (iv) (v)

194

195 % 21.6% 13.6% 2 1.9% 9.3% 6.2% % 53.7% 45.4% % % % % % % % % 186

196 % % % % [ ] [ ] [ ] [ ] [ ] [ ] (i) [ ] 2017 (ii) [ ] [ ] [ ] [ ]

197

198 A. 189

199 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (a) [ ] [ ] [ ] 18,000 (b) [ ] [ ] [ ] (c) [ ] [ ] [ ] 190

200 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 191

201 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 192

202 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 193

203 [ ] [ ] ,000 (i) (ii) [ ] [ ] [ ] [ ] % [ ] 194

204 [ ] [ ] [ ] ,

205 [ ] 196

206 [ ] [ ] 197

207 [ ] [ ] 198

208 [ ] [ ] 199

209 [ ] [ ] 200

210 [ ] [ ] 201

211 [ ] [ ] 202

212 [ ] [ ] 203

213 [ ] [ ] 204

214 [ ] [ ] 205

215 [ ] [ ] 206

216 [ ] [ ] 207

217 [ ] [ ] 208

218 [ ] [ ] 209

219 [ ] [ ] 210

220 [ ] [ ] 211

221 [ ] [ ] 212

222 [ ] [ ] 213

223 [ ] [ ] 214

224 [ ] [ ] 215

225 [ ] [ ] 216

226 [ ] [ ] 217

227 [ ] [ ] 218

228 [ ] [ ] 219

229 [ ] [ ] 220

230 [ ] [ ] 221

231 [ ] [ ] 222

232 [ ] [ ] 223

233 [ ] [ ] 224

234 [ ] [ ] 225

235 [ ] [ ] 226

236 [ ] [ ] 227

237 [ ] [ ] 228

238 [ ] [ ] 229

239 I-1 I-3 [ ] 200 [ ] [ ] I-4 I I-4 I-47 [ ] I-1

240 I-2

241 1.3 2 I 4 14 I-3

242 I , , , , (963) 132 (225) (247,900) (294,164) (96,271) (107,525) (33,593) (18,245) (9,319) (1,368) (2,084) (2,012) (676) (407) 16 (1,490) (1,874) (612) (710) (13,457) (11,663) (3,512) (2,941) 9 4,787 17,044 3,808 3, (2,173) (1,075) (393) (301) 12 (1,845) (1,070) (390) (300) 2,942 15,974 3,418 3, (847) (2,674) (627) (590) 2,095 13,300 2,791 2,925 I-4

243 ,576 1, (161) 1,576 1, (161) 3,671 14,606 3,640 2, I-5

244 ,783 6,822 6, ,113 1,513 1, ,988 2,053 2,067 8,884 10,388 10, , ,521 65,298 73, ,251 5,977 8, ,861 36,554 36, ,681 25,058 13, , , , , , , ,460 21,460 21, ,534 40,140 42,904 46,994 61,600 64, ,953 1,784 1,266 2,571 2, , ,377 28,521 28, ,321 31,146 27, ,324 17,388 16,388 1,811 2,345 61,185 79,104 74,884 62,451 81,675 77, , , ,706 I-6

245 , ,053 43,323 2,095 2,095 1,576 1,576 3,671 3, , ,724 46, , ,724 46,994 13,300 13,300 1,306 1,306 14,606 14, , ,330 61, , ,330 61,600 2,925 2,925 (161) (161) 2,764 2, , ,094 64, , ,724 46,994 2,791 2, ,640 3, , ,364 50,634 I-7

246 ,214 3,772 (7,050) (5,814) (812) (585) 402 3,187 (7,050) (5,814) (1,613) (1,512) (463) (416) 1, (4,982) (2,693) (2,691) (1) ,869 (541) 1,948 (216) (4,826) (918) (3,030) (416) (1,389) (948) (313) (265) 4,230 26,033 12,664 3,145 (1,189) (11,472) (970) (6,829) (231) (1,019) (105) (198) (1,000) (1,818) 1,518 1,518 [ ] (675) (397) 14,112 12,794 (5,822) (4,821) 16,381 2,714 (12,052) 7,502 2,681 2,681 19, ,681 19,062 5,395 7,010 I-8

247 II PO Box 1350, Clifton House, 75 Fort Street, Grand Cayman KY1-1108, Cayman Islands 1.2 [ ] [ ] (2) 407(2) (3) 1.2 [ ] 45.24% 13.33% 11.43% 10.48% 9.52% 5.71% 0.95% 0.95% 0.48% [ ] (i) (ii) (iii) R5A Group Limited 50, R5A Group Limited R5A Group Limited ,000 38,000, R5A Group Limited , I-9

248 (iv) R5A Group Limited 1, [ ] R5A Group Limited (i) (iv) ,460, % 100% 100% (ii) (iii) (iv) (i) (ii) (iii) (iv) [ ] [ ] [ ] [ ] [ ] [ ] I-10

249 I-11

250 (1) (2) (3) (4) (5) I-12

251 (a) (b) I-13

252 2.7 (i) (ii) (iii) 2.8 I-14

253 2.9 18(iv) I-15

254 (a) (b) I-16

255 2.17 (a) (b) (c) I-17

256 2.18 (i) (ii) (iii) (iv) (v) 2.19 I-18

257 (i) (ii) (iii) (a) I-19

258 % (b) ,000 75,000 25,000 21, (c) (d) I-20

259 ,163 7,163 2,654 2,654 10,098 10, ,388 17,388 37, , ,190 2,190 30,655 30, ,121 2,711 17,388 17,388 51,061 2,121 53, ,026 1,026 26,971 26, ,922 2,513 16,388 16,388 45,288 1,922 47,210 I-21

260 ,713 3,876 1,108 10, ,520 3,500 31, ,265 3,005 27, ,277 50,487 45, (2,681) (25,058) (13,006) 25,596 25,429 32,635 46,994 61,600 64,364 72,590 87,029 96,999 35% 29% 34% I-22

261 , I-23

262 % A 302, , , , % I-24

263 , , , , (431) (320) (5) (599) (963) 132 (225) 14 I-25

264 , ,164 96, , ,490 1, ,593 18,245 9,319 1,368 2,482 2, , , ,084 2, ,426 1, , ,384 91, ,488 10,912 12,624 4,168 4, , ,164 96, ,525 (a) ,922,000 2,115,000 2,108,000 I-26

265 (b) ,063 2, , ,201 2, , ,000, (a) , ,495 I-27

266 , , I-28

267 (b) (a) (c) (d) I-29

268 (e) (i) ,818 1, , , , ,818,000 (f) (1,389) (948) (313) (265) (38) (63) (16) (36) (746) (64) (64) (2,173) (1,075) (393) (301) (1,845) (1,070) (390) (300) I-30

269 % , (16) (5) , ,942 15,974 3,418 3, % 486 2, (30) (35) (13) (2) (20) 847 2, % 16.7% 18.3% 16.8% % I-31

270 , ,406 2,299 6,967 (534) (102) (455) (534) (1,625) 2, ,765 5, , ,765 5, ,931 (609) (76) (288) (517) (1,490) 2, ,083 2,094 5, , ,826 3,145 8,898 (1,143) (178) (743) (1,051) (3,115) 2, ,083 2,094 5, , ,083 2,094 5, ,725 4,057 (537) (607) (1,144) (679) (110) (362) (723) (1,874) 2, ,489 6, , ,867 4,688 10,922 (1,710) (256) (935) (1,199) (4,100) 2, ,489 6, , ,489 6, (269) (36) (102) (303) (710) 2, ,208 6, , ,867 4,710 11,338 (1,979) (292) (1,037) (1,502) (4,810) 2, ,208 6, ,000 2,425,000 2,249,000 I-32

271 ,921 1,988 2, ,988 2,053 2, i 1,113 1,513 1,595 ii iv 54,521 65,298 73, ,725 2,067 2,144 v ,884 1,106 3,063 2,601 iii 2, , ,251 5,977 8,453 61,772 71,275 81,955 62,885 72,788 83,550 (i) 5% (ii) I-33

272 ,700,000 22,266,00018,650, ,230,000 20,040,000 16,785,000 (iii) 5,397,000 (iv) (v) ,700,000 [ ] iv 10,431 12,103 13, ,280 30,339 30, ,398 21,065 28, ,412 1,791 1,379 54,521 65,298 73, ,412,000 1,791,000 1,379, ,412 1,791 1,379 I-34

273 , % ,681 25,058 13,006 2,473 24,847 12, ,681 25,058 13, (5,996) (5,996) 2,681 19,062 7, (a) I-35

274 (b) ,388,000 16,578, , , ,734 4,733 4,993 2,271 3,122 3,658 15,410 18,476 18,693 2,654 2,190 1, ,377 28,521 28,370 33,540 28,759 28, , , I-36

275 b 632 1,953 1,784 a 10,098 30,655 26,971 b ,321 31,146 27,469 10,953 33,099 29,253 (a) ,996 5,996 18(ii) 4,230 20,040 16,785 1,248 1,311 1,333 4,620 3,308 2,857 10,098 30,655 26, % 5.50% 5.50% 6.25% 6.25% 6.25% 2.25% 5.25% 2.50% 5.25% 2.50% 5.25% I-37

276 ,591 29,231 25,574 1,507 1,424 1,397 10,098 30,655 26, ,478 27,347 24, ,526 3,308 2, ,094 10,098 30,655 26, (i) 1,988,000 2,053,000 2,067, (ii) 33,861,000 36,554,000 36,555, (iii) 4,700,000 22,266,000 18,650, (iv) (v) ,953, I-38

277 (b) ,121 1, ,711 2,513 (74) (267) (231) 855 2,444 2, ,953 1, ,444 2, ,388, % 16,578, , ,000 64,000 64, I-39

278 (16) (a) ,734 4,733 4,993 (b) ,959 5,734 4, (1,576) (1,306) ,734 4,733 4,993 I-40

279 (c) (d) (161) 1,576 1, (161) (e) % 1.95% 1.50% 3.00% 2.40% 2.00% % 4.01% 4.24% 0.25% 5.34% 5.18% % 3.65% 3.84% 0.25% 5.58% 5.48% % 3.75% 3.96% 0.25% 5.83% 5.71% I-41

280 28 (a) ,942 15,974 3,418 3, ,490 1, (328) (5) (3) (1) 12 2,173 1, (113) (118) (58) 17 (67) (65) (16) (14) (72) (79) 6,879 18,973 4,678 4, (400) (142) (82) (10,417) (10,777) (9,995) (8,204) 2,902 (244) (139) (1,801) 874 (6,925) (223) ,145 (1,229) (411) 1,214 3,772 (7,050) (5,814) (b) ,388 (1,000) 16, ,444 (198) 36 2, ,655 (3,684) 26,971 50,487 (4,882) 36 45,641 I-42

281 29 (i) ,004,000 56,814,000 56,814,000 (ii) ,988,000 75,377,000 98,680,000 I-43

282 ,113 1,113 1,953 1,953 54,521 54,521 5,520 5,520 33,861 33,861 2,681 2,681 97,696 1,953 99, ,513 1,513 65,298 65,298 3,887 3,887 36,554 36,554 25,058 25, , , ,595 1,595 73,502 73,502 3,425 3,425 36,555 36,555 13,006 13, , ,083 I-44

283 ,163 2,654 10,953 17,324 38, ,190 33,099 17,388 52, ,026 29,253 16,388 46, (a) I-45

284 (b) ,227 13,993 8,246 (c) , ,163 (d) ,754 3,119 1,003 1, ,980 3,341 1,163 1,331 I-46

285 (i) ,000, (ii) (iii) ,962,000, ,000 38,000, ,000,000 (iv) [ ] [ ] [ ] [ ] III ,00038,000, IV I-47

286 7.31 [ ] [ ] [ ] [ ] [ ] [ ] [ ] 64,364 [ ] [ ] [ ] [ ] [ ] 64,364 [ ] [ ] [ ] II-1

287 (1) ,364,000 (2) [ ] [ ] [ ] [ ] [ ] (3) [ ] [ ] (4) ,000,000 10,000,000 [ ][ ] [ ] [ ] [ ] (5) II-2

288 [ ] II-3

289 [ ] II-4

290 [ ] II-5

291 (a) (b) 2. [ ] (a) (i) (ii) III-1

292 (iii) (a) (b) (c) (d) (e) (f) (g) (iv) III-2

293 30 (v) (vi) (vii) 20 III-3

294 (b) (i) III-4

295 (aa) (bb) (cc) (dd) (ee) (ff) (gg) III-5

296 (hh) (ii) III-6

297 (iii) (iv) (v) III-7

298 (vi) (vii) (viii) III-8

299 (aa) (bb) (cc) [ ] [ ] (dd) (i) (ii) III-9

300 (ee) (ix) (c) (d) (i) 15 III-10

301 (ii) (a) (b) (A) (B) (C) III-11

302 (iii) 15 (iv) (i) (ii) 95% (v) III-12

303 (vi) (e) III-13

304 (f) (i) (ii) (iii) III-14

305 (aa) (bb) 20 III-15

306 (g) (h) 3(f) (i) (i) (ii) III-16

307 (j) (a) (b) (i) (ii) (iii) 37 (iv) III-17

308 (v) (c) (d) 37A(1) III-18

309 (e) (f) Foss v. Harbottle III-19

310 (g) (h) (i) (ii) (iii) (Tax Information Authority) (Tax Information Authority Law) 2013 (i) (j) (Tax Concessions Law) (i) (ii) (aa) (bb) (3) [ ] 20 III-20

311 (k) (l) (m) (n) 2013 (o) 60 (p) (i) (ii) (iii) III-21

312 (i) (ii) (q) 75% III-22

313 (r) 90% (s) 4. Appleby III-23

314 A PO Box 1350, Clifton House, 75 Fort Street, Grand Cayman KY1-1108, Cayman Islands (a) 380, ,000, (b) R5A Group Limited (c) R5A Group Limited 1, (d) ,962,000, , ,000,000 (e) [ ] [ ] [ ] IV-1

315 (f) 4. (g) (a) [1,962,000,000] 380, ,000, [20,000,000] [2,000,000,000] [0.01] (b) [ ] [ ] (i) [ ] [ ] [ ] (ii) IV-2

316 (iii) [ ] [ ] [ ] 2017 (iv) (i) (ii) (iii) (iv) [ ] (v) [ ] 20% (v) [ ] 10% IV-3

317 (vi) (iv) (v) (vii) (viii) (a) 2017 [ ] 10% IV-4

318 (b) (c) [ ] [ ] [ ] (d) [ ] 10% 30 IV-5

319 (e) (f) (g) (h) 26 [ ] IV-6

320 25% B. 1. (a) R5A Group Limited 1, (b) R5A Group Limited 2017 (c) R5A Group Limited 2017 E. 1. (d) [ ] IV-7

321 2. (a) 35, 36, 37, (b) IV-8

322 C. 1. [ ] XV XV (i) (1) (2) [ ](L) [ ] (3) [ ](L) [ ] (1) L (2) R5A Group Limited [ ] [ ] [ ] R5A Group Limited 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% R5A Group Limited (3) IV-9

323 (ii) R5A Group Limited % R5A Group Limited % R5A Group Limited % R5A Group Limited % 2. [ ] XV % (1) R5A Group Limited (2) [ ](L) [ ] (1) L (2) R5A Group Limited [ ] [ ] [ ] R5A Group Limited 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% R5A Group Limited IV-10

324 3. (a) [ ] 720, , , ,000 (b) [ ] 144, , , , ,000 IV-11

325 4. (a) (b) (c) [ ] [ ] IV-12

326 (i) (ii) (iii) (iv) [ ] XV % (v) XV XV 7 8 IV-13

327 (vi) (vii) 5% D (a) (b) IV-14

328 2. (a) (b) (c) 3. (a) (b) (c) IV-15

329 5. (a) (b) (d) [ ] [ ] 10% (c) (b) (c) (d) 10% (c) (d) (d) 30% 30% IV-16

330 % (a) (b) (c) (a) (d) (a) 0.1% (b) 5 IV-17

331 8. (a) (b) (i) (ii) IV-18

332 (a) 12 (b) (c) (d) (e) (c) (d) 30 IV-19

333 (f) (3) IV-20

334 17. (a) (b) (c) (d) (a) 9 (b) (c) 15 IV-21

335 (d) 16 (e) (f) (i) (ii) 178 (iii) (iv) (f)(i) (ii) (iii) (v) (vi) (g) 12 (h) IV-22

336 IV-23

337 23. (a) [ ] [ ] 10% [ ] (b) [ ] [ ] (c) [ ] IV-24

338 E. 1. R5A Group Limited [ ] (a) (b) (c) (d) (e) [ ] (i) IV-25

339 (ii) (iii) (f) (g) (i) (ii) [ ] 6A.07 6A.07 IV-26

340 [ ] [ ] 4. [ ] [ ] , [ ] [ ] [ ] Ballas Capital Limited 1 6 Appleby Ng Wing Shan, Qunnie IV-27

341 9. E A 44B L [ ] [ ] 13. [ ] IV-28

342 14. (a) (i) (ii) (iii) (iv) (v) 24 (b) (c) (d) (e) (f) [ ] (i) (ii) IV-29

343 (g) (h) (i) 15. (a) 0.2% (b) (c) [ ] IV-30

344 [ ] E. 9. B (i) (ii) (iii) (iv) (v) (vi) Appleby (vii) B. 1. (viii) (ix) E. 9. (x) C. 3. V-1

PERPETUAL POWER HOLDINGS LIMITED [ ] [ ] [ ] [ ] [ ][ ] [ ][ ] 1% % 0.005% 0.01 [ ] [ ] [ ] [ ] C [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ][

PERPETUAL POWER HOLDINGS LIMITED [ ] [ ] [ ] [ ] [ ][ ] [ ][ ] 1% % 0.005% 0.01 [ ] [ ] [ ] [ ] C [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ][ PERPETUAL POWER HOLDINGS LIMITED (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) PERPETUAL POWER HOLDINGS LIMITED [ ] [ ] [ ] [ ] [ ][ ] [ ][ ] 1% 0.0027% 0.005% 0.01 [ ] [ ] [ ] [ ] 32 342C [ ] [ ] [ ] [

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