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1 Mastermind Group Holdings Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) 1933 (j) (k)

2 [] Mastermind Group Holdings Limited [] [] [][] [] [] [] [] [] [] [][] 1% %0.005% 0.01 [] [] [] [] [] [] [][]32 342C [] [][] [] [][][] [][] [] [][][] 1.0% %0.005%[][] [][] [][] [] [] [] [][] [] [] [ ] [ ] [] [] [][] [][] [][][ ] [][] [] [] [] [] []

3 i

4 [] ii

5 [] iii

6 [] [][][ ] [] [] [] [] [][] [] [] [] [][] [] [ ] [] mmmco.co[]... i... ii... iv [] [] [] iv

7 [] [] [] [] A... IA-1 B... IB-1... II-1... III-1... IV-1... V-1... VI-1 v

8 [] [][ ] [][] [] [] [] [] [] 1

9 % 67.6% 18.2% 14.7% C % % % % 34.7% % 87.5% 20 2

10 (i) (ii) (iii) (iv)(v) (vi) (i) (ii)(iii) (iv) (v) % [] [][] Busy Bee[]%Busy Bee [] Busy Bee 3

11 ,447 54,161 59,141 23,497 19,533 20,844 16,359 14,815 14,660 13,649 12,381 12,005 13,500 12,349 12, % % % 38, , , , , , , , , , , , C 4

12 % % % 57, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

13 % (i) (ii) % % % 40, , , , , , , , , , , , , , , , , , , C 6

14 ,259 25,844 33,655 31,854 8,851 31,494 24, ,045 26, ,297 15,343 15,523 13,100 11,599 11,855 (6,327) (4,305) (19,301) 2,261 6,773 7,294 (5,185) 9,885 9,885 16,523 16,523 17,174 11,426 7

15 % 45.8% 37.0% 20.8% [] [] [][] [] [][] [][] [] [][][] [] [][] [][ ][][][] []% [][] [] [] [][] 8

16 [] [] [] [] [][] [] [] [][] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] 9

17 (i) (ii) (iii) (iv) v[] [] [] [] (i)[][] [] (ii)[][] [][] [] [] [] [] [] [] [] [] [] [] [] [] [][] [] 10

18 [] A [] [] 2018 [ ] [ ][ ] [] Busy Bee Busy Bee International Limited

19 [] [] [] [] [] [] [] [] [] [] [] [] [] [] []

20 [] [] Busy Bee [ ] E. 1. [ ]

21 [] [] [] [] [] [] [] [] [] [] [] [] 14

22 [] [] [] [] [] [] [] [] B [] [] [] [] [] [] [] 15

23 Mastermind Group (Hong Kong) Mastermind Group (Hong Kong) Limited Mastermind Manufacture (BVI) Mastermind Manufacture Limited [ ] [ ][ ] Mastermind Manufacture (BVI) Busy Bee 16

24 [] [] [] [] [] [] [] [] [] [] [] [] 17

25 [] [] [] [] [] [] [] [] [] [] [] 18

26 [] [] [ ] D [] [] [] [] [] [] 19

27 [] [] [] [] [] [] [] % [] [] * * 20

28 [] C C 21

29 [] [] [] 22

30 [] [] [] 23

31 [][] (i) (ii) (iii) (iv)v[](vi) [] % 87.5%

32 % 34.7% % % 61.5% % 17.9% (i) (ii) 25

33 i ii 30%

34 12-27

35 28

36 (i)[] (ii)(iii) 29

37 mmmco.co 30

38 31

39 % 73.1% 32

40 % 62.0% 7.5% 52.6% [][] [][] [] []

41 34

42 % 24.9%

43 [][] 36

44

45 [] [][] [] [ ][] [] [] [][][] [][][] [] [] 38

46 [] [] [][] [] [] [][][][] [][ ][][] [] [] 17.29[] [] 39

47 [] [][] [] [] [] [ ]% 40

48 [] [] [] [] [] [] [] [] 41

49 [ ] [ ] [] 42

50 [ ] [ ] [] 43

51 [ ] [ ] [] 44

52 [ ] [ ] [] 45

53 [ ] [ ] [] 46

54 [ ] Grand Austin 5 22 D A D 47

55 [ ] [] [] [] Simmons & Simmons A 34 Appleby

56 [ ] [] [] [] 49

57 PO Box 1350, Clifton House 75 Fort Street Grand Cayman KY Cayman Islands mmmco.co ([] [] [] )

58 [] [] [] [] [] []

59 [] [] 368,000 (i) (ii) (i) (ii)

60 , ,0001.2% 20122, , % % 2.0% 2.5% 3.0% 2.3% 2.5% /

61 1950 LED 54

62 201228, ,6260.2% 20121, , % , % % % ,000 40,000 35,000 30,000 28, , , , , , , , , , ,000 20,000 15,000 10,000 5, % 2.4% 2.0% 6.1% 55

63 % 21.6% 23.5% 25.1% 20.0% 27.4% 0.9% 8.5% 5.2% 1.3% 40.2% 36.9% 4.0% 9.3% 1.5% 38.6% 3.5% 9.0% , , % % , ,000 25,000 20,000 19, , , , , , , , , , ,000 10,000 5,

64 a b c a b 57

65 a b a b c 8.9%

66 % % 9.9% 6.1% 32.3% -1.8% 20127, , % ,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 7, , , , , % 6.7% 5.2% 35.0% 59

67 -0.3% 20124, , % ,500 5,000 4, , , ,500 4,000 3,500 3,000 2,500 2,000 1,500 1, , , % 58.1% 6.2% 4.5% , , % % 60

68 2021 3, % -0.8% -2.5% ,500 4,000 3,500 3,000 2,500 2,000 3, , , , , , , , , , ,500 1, =

69 % ,000 10,000 10, , , , , , , , , , ,

70 % , , , , , , , , , ,824 96, , ,098 86,213 71,354 71,996 73,076 74,318 75,805 77,169 2,763 3,156 3,421 3,299 3,153 3,188 3,264 3,359 3,473 3,581 34,241 38,325 41,878 41,095 41,073 42,018 43,278 44,793 46,450 48, %

71 (a) , % (b) % (c) (a) (b) 64

72 (a) (b) %

73 (a) (b) (c) 180 (d) (a) (b) 66

74 (c) 67

75

76 i (ii) iii (a) (b) (c) (d) 69

77 % 25% 10% % a) 500, b) 500, % % 5% 25% 10%

78 % 71

79 (i) (ii) (iii) (iv) (v) (vi) (vii) 72

80 (i) (ii) (i)(ii)(iii)(iv)(v) (vi)(vii)(viii)(ix)(x)(xi) (xii)(xiii)(xiv)(xv)(xvi) (xvii) (v) (xvii) (v) (xvii) 73

81 %

82 Mastermind Manufacture (BVI) Casio Europe GmbH 75

83 Mohammed Othman Al Moallim Co Paul Smith Ltd

84 Mastermind Manufacture (BVI) Mastermind Manufacture (BVI) ,000, GRL16 Nominee Limited 77

85 Au Wan Chung Peter Wong Siu Hung Sy Lai Li Ng Man Ah Au Wan Chung Peter Wong Siu Hung Sy Lai Li Ng Man AhAu Wan Chung Peter 1.00 GRL16 Nominee Limited Au Wan Chung Peter Wong Siu Hung Sy Lai Li Ng Man Ah 25,392, ,124, % 100% 100% 78

86 [] [][] [] Busy Bee Mastermind Group (Hong Kong) Busy Bee Busy Bee , Busy Bee ,000 38,000, Reid Services Limited Busy BeeBusy Bee Mastermind Group (Hong Kong) Mastermind Group (Hong Kong) , Mastermind Group (Hong Kong) Mastermind Group (Hong Kong) Mastermind Group (Hong Kong) Mastermind Group (Hong Kong) [ ] Mastermind Group (Hong Kong) Mastermind Group (Hong Kong) [ ] Mastermind Group (Hong Kong) 79

87 [] 100% Busy Bee 100% 100% Mastermind Group (Hong Kong) 100% [] [] [][] [] [] [][] [] [ ] [] [] [] [] [] 80

88 [] [] [] Busy Bee [] []% [] [] [][] 100% Busy Bee % % 100% Mastermind Group (Hong Kong) 100% 100% 81

89

90 % 73.1% % % % 1 22, , , , , , , , , , , , , , , , , , , , , % % % 57, , , , , , , , , , , , , ,

91 % % % 38, , , , , , , , , , , , C

92 % % 85

93 98% % 55.7% 13.7% 8.7% 86

94 % 2.4% 2.0% % 2019 []

95 2019 [] 88

96 89

97 A

98

99 B. LED 92

100 C. 93

101 (i) (ii)(iii) C 94

102 1. 95

103 2. 96

104 97

105 (i) (ii) (iii) [] 98

106

107 A 11, B 9, C 6, D 2, E 30 2, A 10, D 10, B 5, C 4, F 60 4, []5% 100

108 Apart Sp. Z. O.OApart Apart 1970 Apart200 Apart Apart 1972 Casio Computer Co., Ltd , ,000 Rosefield Watches B.V.Rosefield Watches Rosefield Watches Rosefield Watches 1968 Time Network Ltd.Time Network Time Network 1998 Time Network 101

109 % % % % 51, , , , , , , , , % 50%

110 C % 96.0% % 34.7% % 87.5%

111 (i) (ii) (iii)(iv) 104

112

113 A 2 B 3 C 4 D 5 E 24, % 4.9 7, % 1.8 3, % 2.1 1, % % A 13, B 8, D 8, C 2, F 1, []5% 106

114 14 (i) (ii) 107

115 12 30% 50%

116 30% [] 109

117 % A ,

118

119 % 6.0% 112

120 B

121 , i ii % 114

122 , ,000 50,

123 [] % (i)ii [] (i) (ii) (a) (b) 116

124 (iii) (iv) [] [] 117

125 (i)(ii) (iii) [] [] [] 118

126 [] [][] Busy Bee []% []Busy Bee [] [] 119

127 12,600,000 [] [ ][] (a) (b) 120

128 (c) (d) (e) (f) [] [](i) 30%(ii) [][] 121

129 (a) 5% (b) 5% (i) (ii) (iii) [] [] [] 122

130 [ ] [ ] 59 [ ] [ ] 39 [ ] [ ] 123

131

132 Noe Services Ltd Noe Services Ltd. 125

133 The Connoisseur Collection Pty. Ltd. (Australia) Quality Cafe & Club Equipment Pty. Ltd. (Australia) AA (i) (ii) (iii) (iv) [] (i) (ii)

134 43 [ ] A2Z Hotel Equipment Limited K.L. Wong & Co (i) (ii) (iii) (iv) [] (i) (ii)

135 [ ] AA Kimberly Diam Limited AA AA AA 128

136 (i)(ii) (iii) (iv) [] (i) (ii) [ ] BPP

137 [] [] Belimex International Limited [] [ ] 130

138 Agil AS New China Restaurant AS and Cafe Amaldus Norwegian School of Management BI [] [ ] [] [ ] 131

139 Fuson Corporate Consultancy Limited []15 132

140 , , [ ] 1.3 2% [ ] []

141 (i) (ii) [] [] 6A.19[] [] [] 6A.23 [][] (a) (b) [] (c) [] [][] [] (d) [] [][] [] []

142 3,000,000, ,000, [] [] [] 1 [] 0.01 [] [] [] [] [] [] [] [] [] 135

143 [][] [] 1 [] 0.01 [] [] [] [] [] [] [] [] [] [][] A [ ] [ ] [] [] [] [] 136

144 [] [][] [] 2018 [ ] [ ] [] [] [] 10% D. 1. [] [][] 20%

145 A [ ] [ ] [] [][] 10% [] [] [] [] [ ][] [] A.6. A [ ] [ ] 138

146 [] [][] [] XV2 3 [] 10% 1 (%) Busy Bee [] (L) [] [] (L) [] 2 1. L 2. Busy Bee []Busy Bee [][] [] [] XV2 3 [] 10% 139

147 []A B [] % 87.8% % % 2[] 140

148 [ ] Busy Bee % 73.1% 141

149 % 61.5% % 17.9% (i) (ii) 30% 142

150 [] (a) (b) 143

151 % 20% 35% 35% a 144

152 b c

153 d e f 146

154 (a) (b) (a) (b) (i) (ii) 147

155 () ( ) 148

156 ,447 54,161 59,141 (41,950) (34,628) (38,297) 23,497 19,533 20, (3,425) (2,133) (2,401) (3,778) (2,624) (4,100) (82) 16,359 14,815 14,660 (2,710) (2,434) (2,655) 13,649 12,381 12,005 (149) (32) 138 (149) (32) ,500 12,349 12,

157 (i) (ii)(iii) % % % 38, , , , , , , , , , , , C ,382 41,240 50,586 1,212 1,

158 % % % 57, , , , , , , , , , , , , , % % % 1 22, , , , , , , , , , , , , , , , , , , , ,

159 % (i) 7.8(ii) % % % 40, , , , , , ,

160 % % % 13, , , , , , , , , , , , C % 36.1% 35.2% 153

161 : : % % % 1 1, , , , , , , ,

162 : % % % 1 1, , , , , , ,

163 % 20% % % 156

164 % (i) 4.8(ii) % 67.6% % (i) 5.9(ii)

165 % % 96.0% % 2.0% % 2.0% % % % % % (i) 1.1%(ii) % % 4.1% 158

166 % (i) (ii) (iii) % % %

167 [] [][] ,100 11,599 11,855 (6,327) (4,305) (19,301) 2,261 6,773 7,294 (5,185) 9,885 9,885 16,523 16,523 17,174 11,

168 (i) 0.8 (ii) (i) 0.7 (ii) 0.1 (iii) (i) 3.7 (ii) 2.5 (iii)

169 ,327 9,049 4,365 7,894 9,477 11,425 5,911 1,902 2,060 16,523 11,426 11,549 33,655 31,854 29, , ,425 11,124 15,889 16,343 16, , ,851 31,494 32,494 24, (3,095) (i)[] 1.9 (ii) 2.8 (iii)

170 , , %

171 ,660 2,415 2, ,327 9, ,544 7,164 1,559 1, ,783 1,885 3,327 9,

172 30-50% ,834 8, ,894 9, (i)1.2 (ii)

173 % ,115 30%

174 % 2.3% % 3.0% [] [] 167

175 [][]

176 [][] []

177 [] [] [][] [] [][][][] [] [][][] [] [] [] [][] [][][] []% [][] [] []

178 [] % 45.8% % 20.8% % %

179 % % ,

180

181 ,115 1,115 1, ,343 19,676 1,203 18,473 18,088 21,421 2,948 18, ,343 19,676 1,203 1,202 3,451 13,

182 % 61.7% 62.1% % 10% % (2,001) (1,671) (1,671) (1,395) (1,837) (1,534) +10% (4,001) (3,341) (3,342) (2,790) (3,675) (3,068) (5%) 2,001 1,671 1,671 1,395 1,837 1,534 (10%) 4,001 3,341 3,342 2,790 3,675 3,068 [] [] []

183 [] [][] [] [] 26,188 [] [] [] [] [] 26,188 [] [] [] (1) B (2) [][] [] [][] [] [] [] [] (3) [] [] [] [] (4)

184 [] [ ] [][] [] [] 177

185 [ ]

186 [ ] [] [] [] [] 179

187 [ ] [] [] [] [] [] [] [] [] 180

188 [ ] [] [] [] [] [] [] [] [] [] [] [] 181

189 [ ] [] [] [] [] [] [] [] [] 182

190 [ ] [][] [] [] [] [] [] (i) [][] (ii) [] (iii) [] [] [] (iv) [] (v) [] (vi) [] [] 183

191 [ ] [][] (i) [] [] (ii) [] [] (iii) [] [] (iv) [] [] (v) [] [] (vi) [] [] (i) (ii) (iii) 184

192 [ ] [] [] [][] [][][] [] [] [] [] [] [] [] [] (i) (ii) (iii) (iv) (v) (vi) [] []% [] [] []% [] [] []% [] [] []% [] [] []% [] [] []% [] ,

193 [ ] (vii) [] []% [] [] % [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [][] []% [][] [][] [] [][] [][][][] [] 186

194 [ ] [] [][] [](i) [][] [](ii) [] [] [] [] [] [][] [](i) [][] [](ii)[] [] [] [] [][] [][] [][]

195 [ ] [] 188

196 [ ] 189

197 [ ] [] 190

198 [ ] [] 191

199 [ ] [] 192

200 [ ] [] 193

201 [ ] [] 194

202 [ ] [] 195

203 [ ] [] 196

204 [ ] [] 197

205 [ ] [] 198

206 [ ] [] 199

207 [ ] [] 200

208 [ ] [] 201

209 [ ] [] 202

210 [ ] [] 203

211 [ ] [] 204

212 [ ] [] 205

213 [ ] [] 206

214 [ ] [] 207

215 [ ] [] 208

216 [ ] [] 209

217 [ ] [] 210

218 [ ] [] 211

219 [ ] [] 212

220 [ ] [] 213

221 [ ] [] 214

222 [ ] [] 215

223 [ ] [] 216

224 [ ] [] 217

225 [ ] [] 218

226 [ ] [] 219

227 [ ] [] 220

228 [ ] [] 221

229 [ ] [] 222

230 [ ] [] 223

231 [ ] [] 224

232 [ ] [] 225

233 [ ] [] 226

234 [ ] [] 227

235 [ ] [] 228

236 [ ] [] 229

237 [ ] [] 230

238 A [] [] IA-3 IA IA-3 IA-32 [ ] [ ] [ ] [][][][] [][] IA-1

239 A [] [] IA-3 10 [] [ ] [] IA-2

240 A I (a) 65,447 (41,950) 23,497 7(b) 65 (3,425) (3,778) 8 16,359 9 (2,710) 13,649 (149) (149) 13,500 IA-3

241 A ,538 3, , , , ,523 33, , ,851 24,804 28, , ,045 28,045 IA-4

242 A * * * (219) 14,764 14,545 13,649 13,649 (149) (149) (149) 13,649 13, (368) 28,413 28,045 * IA-5

243 A ,359 7(b) (3) ,297 (1,589) 1, (168) 16,576 (3,476) 13,100 (107) (3,685) 3 (2,538) (6,327) 6,773 9,885 (135) 16,523 IA-6

244 A II. 1. (a) [] [] [] (b) [][] [][] Mastermind Group (Hong Kong) Limited Mastermind Holdings (i) (ii) (iii) % 1 100% 3,000, % 8 100% (i) IA-7

245 A (ii) (iii) 2. Mastermind Holdings [ ] [] [] 4 [][] IA-8

246 A IA-9

247 A , IA-10

248 A 4. (a) 12 (i)(ii) IA-11

249 A (b) (c) % 20%-35% 35% (d) IA-12

250 A (e) (f) i (ii) IA-13

251 A (iii) (iv) (v) (vi) 39 (g) (i) (ii) (h) IA-14

252 A (a) (b) (a) (b) (i) (ii) (i) IA-15

253 (j) (i) (ii) (iii) (k) (l) A IA-16

254 A (m) (n) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (a) (a)(i) (viii) (i) (ii) (iii) IA-17

255 A (o) 8 5. (a) (b) 6. C IA-18

256 A ,592 11,937 14,918 65,447 11,561 3,759 4,752 20, (3,778) 16, , , ,962 22,729 1,943 3,944 39, , IA-19

257 A 10% A 21,697 B 9,386 A 7. (a) ,447 (b) IA-20

258 A ,057 * , ,322 * 160, , % 20% 50%20% , (77) 3 2,710 IA-21

259 A , % 2, (20) 2, %20, [ ] (a) IA-22

260 A , ,619 (b) , ,000 2 IA-23

261 A , , (278) (139) (417) (2) (2) , , (201) (90) (291) (1) (1) , ,392, ,538, , IA-24

262 A , , ,544 1, ,783 3, ,783, , ,894 IA-25

263 A , , G ,221 6,638 5, % ,385, IA-26

264 A ,105 7,320 8, (77) ,00038,000, IA-27

265 A 5% 1, , , IA-28

266 A (i) 0.1% (ii) ,277,000 (iii) IA-29

267 A ,105 1,105 1,105 1,296 1,296 1,296 (iv) v , ,911 16,523 25, ,105 1,296 IA-30

268 A vi vii , , ,402 IA-31

269 A III (a) ,000,000 14,000, (b) ,538,000 (c) ,000,000 4,000, IV IA-32

270 B [] MASTERMIND GROUP HOLDINGS LIMITED IB-3 IB-43 Mastermind Group Holdings Limited [ ] [ ] [ ] [][] [] IB-1

271 B 2 [] [ ] [] IB-2

272 B (a) 59,141 54,161 (38,297) (34,628) 20,844 19,533 7(b) (2,401) (2,133) (4,100) (2,624) 8 (82) 9 14,660 14, (2,655) (2,434) 12,005 12, (32) 138 (32) 12,143 12,349 IB-3

273 B , , ,844 3, ,049 3, ,477 7, ,902 5, ,426 16,523 31,854 33, , ,124 8, ,343 2, ,494 8, ,804 26,204 28, ,188 28, ,188 28,045 26,188 28,045 IB-4

274 B * * * (219) 14,764 14,545 12,381 12,381 (32) (32) (32) 12,381 12, (251) 27,145 26, (368) 28,413 28,045 12,005 12, ,005 12,143 (14,000) (14,000) (230) 26,418 26,188 * IB-5

275 B ,660 14,815 7(b) (3) (2) ,523 15,343 (5,718) (9,143) (1,563) 3, ,257 2,691 (1,803) 11,857 11,601 (2) (2) 11,855 11, (505) (1) 31 (22,854) 4,055 (4,306) 3 2 (19,301) (4,305) IB-6

276 B , (257) (82) (14,000) 2,261 (5,185) 7,294 16,523 9, (5) 18 11,426 17,174 IB-7

277 B (a) [] [] [ ] (b) [] [] [] [] Mastermind Group (Hong Kong) Limited Mastermind Holdings % (i) % (ii) ,000, % (iii) % (i) IB-8

278 B (ii) (iii) Mastermind Holdings [] [] [] 4 [] [] IB-9

279 B IB-10

280 B , IB-11

281 4. (a) 12 (i)(ii) B IB-12

282 (b) (c) % 20%-35% 35% (d) (e) B IB-13

283 B (f) i (ii) IB-14

284 B (iii) (iv) (v) (vi) 39 (g) (i) (ii) (h) IB-15

285 B (a) (b) (a) (b) (i) (ii) (i) IB-16

286 (j) (i) (ii) (iii) (k) (l) (m) B IB-17

287 (n) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) (i) (ii) (iii) (o) 8 B IB-18

288 B 5. (a) (b) 6. C IB-19

289 B ,967 8,689 10,485 59,141 12,130 3,404 2,909 18, (4,100) (82) 14, ,268 9,088 13,805 54,161 9,861 3,084 4,455 17, (2,624) 14,815 IB-20

290 B ,716 20,733 25, ,208 1, ,162 8,010 32,956 20,154 2,407 1,446 2,692 2,638 44,425 33, ,141 54,161 25, % A 18,843 19,540 B 6,224 6,810 D 10,532 A B IB-21

291 B 7. (a) ,141 54,161 (b) IB-22

292 B ,528 33,989 * ,250 2, ,546 2,988 * 120, , , , % 20% 50%20% ,679 2, (24) (73) 2,655 2,434 IB-23

293 B ,660 14, % 2,419 2, (20) (20) 2,655 2, %20, ,000, IB-24

294 B [ ] (a) IB-25

295 B ,189 1, ,232 1,142 (b) , , IB-26

296 B , ,380 25,380 (18) (37) (55) , , , , (16) (25) (41) , , , , , , , , , IB-27

297 B ,049 3, , ,441 2, ,049 3, ,164 1,544 1,126 1, ,885 1,783 9,049 3, ,885,000 1,783, IB-28

298 B ,995 7, ,477 7, , , G ,902 5,911 5,911 6,638 2, % ,000 2,385,000 IB-29

299 B , , ,105 10,494 7,320 11,124 8, , IB-30

300 B ,874 11,623 16, % 2.17% (i) (ii) ,037,000 12,600, ,421,000 28(iii) (16) (18) 6 (18) IB-31

301 B (73) (73) (4) (4) (8) (16) (24) (16) (6) , , ,00038,000, ,343 16, ,343 16,343 IB-32

302 B 25. 5% 1, , ,842 IB-33

303 B 28. (i) , % (ii) IB-34

304 B ,759,000 1,277,000 (iii) ,115 1,115 1, ,343 19,676 1,203 18,473 18,088 21,421 2,948 18, ,105 1,105 1,105 1,296 1,296 1,296 IB-35

305 B ,343 19,676 1,203 1,202 3,451 13,820 (iv) v ,049 3, ,902 5,911 11,426 16,523 22,784 25,801 1, ,105 16,343 18,088 1,296 vi IB-36

306 B vii ,343 16,343 26,188 28, , ,342 1,009 IB-37

307 B (a) ,392, , ,392 25,392 25,392 22,854 2,538 25, ,538, IB-38

308 B (b) i (29) (113) ii (29) (113) iii (29) (113) iv 19,970 19,994 19,970 19,994 v vi 20,124 20,113 20,124 20,113 (20,112) (20,107) (142) (113) (142) (113) (142) (113) IB-39

309 B (113) (113) (113) (113) (29) (29) (142) (142) (29) (113) ii (5) (18) (6) (6) (20,089) (20,089) 20,089 20,089 IB-40

310 B (i) (ii) (iii) (29) (113) 16.5% 5 19 (5) (19) IB-41

311 B (iv) , , ,994 19,970 (iv) (v) (vi) IB-42

312 B (vii) ,089 20, ,089 20,089 (viii) ,124 20, (a) ,538,000 (b) ,000,000 4,000, IB-43

313 [] A [] [] B A. [] 7.31 [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] II-1

314 (1) [] B (2) [][] [] [][] [] [] [] [] (3) [] [ ][] [] (4) II-2

315 [] II-3

316 [] II-4

317 [] II-5

318 (a) (b) [ ] [ ][] (a) (i) (ii) III-1

319 (iii) (a) (b) (c) (d) (e) (f) (g) (iv) [] [] [] III-2

320 [] [] 30 [] (v) [ ] [] III-3

321 (vi) (vii) 20% 20% III-4

322 20% (b) (i) III-5

323 (aa) (bb) (cc) (dd) (ee) (ff) (gg) [] (hh) III-6

324 (ii) [] III-7

325 (iii) (iv) (v) III-8

326 (vi) (vii) (viii) III-9

327 (aa) (bb) III-10

328 (cc) (dd) (i) (ii) (ee) (ix) (c) III-11

329 (d) (i) 15 (ii) (a) (b) [] III-12

330 [] (A) (B) (C) [] [] [] (iii) 15 [] III-13

331 (iv) [] (i) (ii) 95% (v) III-14

332 (vi) (e) III-15

333 21 21 [] [] [] 21 [] (f) III-16

334 (i) (ii) (iii) (aa) (bb) III-17

335 20% (g) [][] (h) 3(f) (i) III-18

336 (i) (ii) (j) III-19

337 (a) (b) (i) (ii) (iii) 37 (iv) (v) III-20

338 (c) (d) 37A(1) III-21

339 (e) (f) Foss v. Harbottle (g) III-22

340 (h) (i) (ii)(iii) (i) (j) 6 (i) (ii) (aa) (bb) 6(3) 20 III-23

341 (k) (l) (m) (n) (o) 60 III-24

342 (p) (i) (ii)(iii) (i) (ii) III-25

343 (q) 75% (r) 90% (s) III-26

344 4. Appleby [] III-27

345 [] (852) (852) A [ ] [] IV-1

346 IV-2

347 [][] A BSc (Hons) MHKIS MRICS RPS(GP) [ ] IV-3

348 A A 19, , ,000, (KML 10 S.A.) ,500, , a UB b UB c UB d e A IV-4

349 A [ ] 16 [] , ,000, Busy Bee [ ] Busy Bee [] 380, ,000,000 [] [] [] [ ] []380, ,000,000 [] [] V-1

350 [] [][] [] [][] [] 3. [] 4. A [] Au Wan Chung Peter Wong Siu Hung Sy Lai Li Ng Man Ah Au Wan Chung Peter Wong Siu Hung Sy Lai Li Ng Man Ah 25,392,000 V-2

351 [ ] Mastermind Group (Hong Kong) Mastermind Group (Hong Kong) [][] [ ] 2018 [ ] (a) [][] (b) (1)[][] [] (2)[] [] [](3) [ ] [][](4)[][] [] [] (i) [] [] [] [] V-3

352 (ii) [] (iii) [] [][][] 2018 [ ] (iv) (1) [] [] 20% [] (2) (v) (i) (ii) (iii) V-4

353 (v) [ ][][] [] [][] [] 10% [] (i) (ii) (iii) (c) 6. [] [] [] (a) [] [] [] [] [] (i) [] [][] V-5

354 2018 [ ] [][] [] [] [][] 10% [] (a) (b) (c) (ii) [] [] [] [] [] (iii) [] 10% [] 30 V-6

355 (iv) [] [] 5% [] (v) [][] (vi) [] (i)[] [] [][](ii) [][] [] [] [] [] [] V-7

356 (vii) [] 30[] (viii) [] (b) [][] (a)(i) [] (c) (i) V-8

357 (ii) [] (iii) (iv) [] [ ] [] [] (v) [] [][] [] [] 26 [] (vi) V-9

358 B. 1. [] (a) Wong Siu Hung Au Wan Chung Peter Sy Lai Li Ng Man Ah Wong Siu Hung Au Wan Chung Peter Sy Lai Li Ng Man Ah Wong Siu Hung Au Wan Chung Peter Sy Lai Li Ng Man Ah 25,380,000 20,124,000253,800 (b) (c) (d) [] 2. V-10

359 (a) mmmco.co (b) ,35,40, ,35,40, (c) V-11

360 C. 1. (a) [] [] [] [] XV [][][] XV7 8[] [] [] 352 [] [] 1 (%) 2 [] (L) [] (1) L [] XV (2) [] [][] Busy Bee []% Busy Bee [ ] Busy Bee V-12

361 (b) [] [] [] [] XV 2 3 []% (c) [] []% 2. (a) [ ] 1.3 2% [] V-13

362 0.4 (b) , , [] 4. [] (a) [][] [] XV [] XV78[] [] [] 352 [] [] V-14

363 (b) [] XV23[] []% (c) E. 5. [] (d) E. 5. [] (e) []E. 5. (f) 5% V-15

364 D [ ] (a) (b) (c) 1.00 (c) (i) 30% V-16

365 (ii) (c)(i) [] 10% [] 10% [] 23.02(2) 10% [] 23.02(2) (iii) (c)(iv) 12 1% V-17

366 (iv) (c)(iii) [] 23.02(2)23.03(4) (d) (e) (i) [] (ii) [][] (iii) V-18

367 (f) (g) (i) (ii) %[] 5,000,000 [] [] [] 23.04(3) V-19

368 (h) (i) [] (ii) (1) [] (2) [] [] (i) 10 (j) V-20

369 (k) (l) [] (i) (ii) (iii)(c) (m) 14 (n) 21 V-21

370 (o) (p) (q) (i) [] (ii)[] [] [](iii)[][] V-22

371 (r) 10 (s) (i) (ii) (ii) [] V-23

372 [] (iii) (ii) [] [] (iv) (v) [] [] (t) (i) V-24

373 (ii) (iii) (i) (ii) (iv) (ii) (iii) (v) V-25

374 (vi) (vii) (f) (viii) (1) (2) (u) (v) [] 2. [] [] [] V-26

375 E. 1. [ ] B.1.(d) (a) [] (b) [] (c) [ ] (d) [] V-27

376 (i) (ii) [] (iii) (iv) [][] [] [] [] [] V-28

377 [] 6A.07 [] [] 5. [] [] [] 6 Appleby 6. E. 5. [] [] V-29

378 7. [][][] [] [] 8. 4, [] [] 44A 44B 10. [] [][] (a) [] [] (i) (ii) (iii) V-30

379 (iv) [] (v) (b) (i) [] 12 (ii) (c) [][] (d) [] [] V-31

380 1. [] (a) [] (b) B.1. (c) E [] (a) (b) []AB (c) (d) (e) Appleby (f) VI-1

381 (g) B. 1. (h) E. 6. (i) C. 2. (j) (k) VI-2

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