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1 2008/09

2

3 02 WOELM Samuel CPA Clarendon House 2 Church Street Hamilton HM 11 Bermuda (852) (852)

4 03 57, ,880 77, ,887 5,004 90,948 63,004 (103,784) (2,359) (37,139) (15,686) (23,282) (3,036) (20,734) (2,524) (11,056) (3,234) 2 14 (60,762) 6, (25,329) (258) 2,432 (2,635) 1,389 (2,864) (278) (2,147) (282) (869) (1,924) (5) (1,230) (12) 3,440 21,574 (13,288) 2, (1,423) (195,630) (2,637) (28,542) (11,733) (24,151) (16,324) (20,331) (2,456) (13,659) 18,328 (358) (58) (608) (195,988) (2,695) (29,150) (11,733) (24,151) (16,324) (20,331) (2,456) (13,695) 18,328 3,021 (480) (35) (192,967) (2,695) (29,630) (11,733) (24,151) (16,324) (20,331) (2,456) (13,695) 18,293

5 04 709,693 2, ,463 32, ,513 68,949 4,401 83,882 2,188 (103,081) (4,496) (76,734) (31,808) 775,185 (29,429) (2) (35,865) (3,955) (6,001) 602,657 (1,679) 757,728 1,017 47,328 39,520 4,399 48,017 2,188

6 05 IEF IEF CEG IEF Club MMORPG IEF Club

7 06 1,735,00099,389, ,00029,150,000 55,311,000 4,186, % MMORPG YNK Korea Inc. MMORPGMMORPG MMORPG IEF ClubIEF Club IEF

8 07 IEF Club MMORPG IEF IEF IEF 15 IEF 4,186,000 55,311,000

9 08 IEFIEF CEG IEF CEG 57,046, ,363,000195,662,000 Lucky Belt Holdings Limited100 8% Winning Asia Technology Limited Winning Asia 50 10% Winning Asia50 Best Max Holdings Limited1,200

10 09 (i)super Crown Venture Inc.Super Crown(ii)Golden View Worldwide LimitedGolden View(iii)Treasure Bay Assets LimitedTreasure Bay(iv)Super Mark Profits Corp.Super Mark 1,925, ,211,0005, , % 6, , , ,

11 ,710

12 11 59 Sino Strategic International Limited WOELM Samuel42 Woelm Woelm Woelm 60 Sino Strategic International Limited % 51 Rendang Beach Resort

13 Bishop s University

14

15 % 30% (a) 15,000,000 15,000, ,000,000 10,000, ,000,000 9,000,000 34,000,000 15,000,000 19,000, (a)

16 ,307,000 39,413, ,000,0005,000,000 15,000,000200,000, ,000,000 1,500,000, ,378,40815,000, ,145,818 5,572,9093,343, ,000,000 20,000,00096,000,000 64,000,000 12,000,0008,000, ,142,

17 16 43(a)(i), (ii), (iv) (v) 3 9,893, % 25% 1,000 60% 28% 36.4% 12.2% 5% 11,638,000 1,069,

18 17 WOELM Samuel 87(1) 43 3

19 XV XV 1. (%) (a) 2,646,264, (b) 257,142, ,903,406, (%) (a) ,000, ,000, (%) (b) ,000,000 1,500,000,

20 19 4. (a) Luck Continent (b) Super Bonus Management LimitedSuper BonusTreasure Bay Pacific Equity Development Corp.Pacific EquitySuper Mark Golden View Super Crown Super Bonus Treasure Bay Pacific Equity Super Mark Golden View Super Crown 50% 352 XV XV 1. (%) Luck Continent (a) 2,646,264, (b) 257,142, ,903,406, (%) Luck Continent (a) 600,000, Super Bonus (b) 1,500,000,

21 20 3. (a) (b) XV 2,034721,962

22 %

23 22 5/5 Woelm Samuel 5/5 5/5 4/5 2/5 4/5 3/5 5/5

24 23 2/2 1/2 1/2

25 24 12

26 25 2/3 2/3 1/3 2/2

27 ,250 2,

28 27

29 28 C Y Foundation Group Limited (A) (a) A(c) (b) A(a) (c) A(a) (d) (i)

30 29 (ii) (iii) (B) (a) B(b) (b) B(a) (c) (i) (ii) (iii)

31 30 (C) 4(A)4(B)4(B) 4(A) 5. 10%

32

33 32 P03427

34 , (32,992) (217) 24, ,303 32,768 (12,610) (137,531) (70,354) (103,784) (37,139) 2 (60,762) 6,923 (25,329) (258) 2,432 (2,635) 1, (2,864) (2,147) 11 (195,630) (28,542) 13 (358) (608) (195,988) (29,150) 14 (2,695) (11,733) (198,683) (40,883) (195,662) (41,363) (3,021) 480 (198,683) (40,883) 15 (4.16) (0.80) (0.06) (0.32) (4.22) (1.12)

35 ,494 35, ,580 53, ,775 69, ,685 29, ,130 8, , ,471 23,431 2, , , , ,608 70, ,150 1, ,955 5, , , , , , , , , ,006 47, , ,751 9, ,726 59, , , , ,893

36 ,556 29, ,597 18, , ,851 49, , , ,853 3, , , , ,745 3,955 6, , , WOELM SAMUEL

37 36 (c) (d) (a) 3,087 27, , ,877 47,328 47,328 18,811 18, ,841 (41,363) (41,363) 480 (40,883) (b) (15,208) 15, , , , ,894 (496) 1,598 1, ,972 4,972 4,972 1,288 1,288 4,203 4,203 3, ,479 5,468 18,858 1, (11,278) 758,745 6, ,746

38 37 (c) (d) (a) 3, ,479 5,468 18,858 1, (11,278) 758,745 6, , (227) (227) (227) 4,484 4, , ,484 5, ,588 (195,662) (195,662) (3,021) (198,683) ,594 4,597 4, ,868 (1,739) 5,829 5, ,572 20,829 20,829 2,027 2,027 2,027 (e) (555) (555) 555 4, ,513 2, (555) 3,729 23,342 1, (206,940) 600,978 3, ,933

39 38 (a) (b) 46(2)(b)15,208,000 (c) (d) (e) 10%

40 39 (195,630) (28,542) (2,637) (11,733) (198,267) (40,275) 25, ,465 4,159 5,660 2,635 2,027 1, ,288 1, (2,432) (3,440) (1,389) (15,525) (32,875) (870) (636) (2) (164,668) (73,550) (779) 16,760 24,099 (45,095) (22,330) (2,505) (1,284) 1,290 (959) (164,962) (104,059) (213) (165,175) (104,059)

41 40 213, , ,300 15,525 32, ,989 (286) 1,824 (213,444) (33,028) 38 (96,163) (18,924) (23,667) (23,431) (20,907) (29,993) (4,000) (2,683) (2,196) (24,869) 497 (5,779) 217,770 (134,651) 71,318 41,923 (89,384) (27,890) (1,854) (737) (356) (296) (162) (57,758) 20,000 4,203 (20,438) (20,555) 32,157 (259,265) 216, ,573 2,926 14, , ,026

42 41 1. Luck Continent LimitedLuck Continent

43

44

45 44 4.

46 45 4.

47 46 4.

48 47 4.

49 48 4.

50

51 50 4.

52 51 4.

53 52 4.

54 53 4.

55 54 4.

56

57 ,494,000

58 ,130,0006,433,

59 , ,250 24, , , , , ,787

60 ,006 32,006 32, %-6.1% 26,197 2,952 12,883 20,036 62,068 59, % 15,000 15,000 13, % ,645 18,364 12,952 20, , ,710 47,634 47,634 47,634 1,290 1,290 1, % 11,426 2,592 7,775 23,974 45,767 39, % 2,000 20,000 22,000 18, % ,305 1,126 60,948 5,004 28,256 23, , ,787

61 ,039, ,

62 ,113 1, ,144 5,585 19,490 2,392 6, , ,593 27,424 1,955 21,666 7, ,565 21,671 1,108 10% 5% 0.5%0.5%4,002,000 9,120,000 5%10%

63 62 6.

64 , , , ,880 57,046 34, (a) (b) (c) 14

65 ,735 54, ,046 57,046 (71,496) 7,207 (617) (64,906) (4,317) (69,223) 15, ,525 6,921 1,815 8,736 (61,181) (61,181) (103,784) (2,359) (106,143) 2 2 (60,762) (60,762) (25,329) (25,329) (25,329) (258) (258) (2,635) (2,635) (2,635) (2,864) (278) (3,142) (195,630) (2,637) (198,267) (358) (58) (416) (195,988) (2,695) (198,683)

66 ,065 68,731 4, , ,061 4,002 4, , , , ,510 11,311 10,231 1,816 23,358 23,358 84,219 84, , ,577 17, ,540 17,540 6,050 6,050 23,590 23,590 6,448 1, , ,035 3,430 3,430 11,429 11, ,660 5,660 5,660 (636) (636)

67 ,880 34,544 (22,313) (22,313) (15,936) (38,249) 32, , (47,594) (47,594) (37,139) (15,686) (52,825) 6, ,718 2,432 2,432 3,440 3,440 1,389 1,389 (2,147) (282) (2,429) (28,542) (11,733) (40,275) (608) (608) (29,150) (11,733) (40,883)

68 , ,512 14, , ,951 18, , , ,288 14,693 14,693 31,808 46,501 62,041 62,041 76, ,542 82,553 82, ,828 6,484 6,484 89,037 89,312 2,466 2, ,077 1,082 1,082 3,548 4,

69 ,735 1, ,105 8,769 55,311 55,311 25,775 25,775 57,046 57, ,880 34, , , ,512 1, ,332 72,996 72,996 12,574 12, , , ,512 14, ,906

70 ,275 20,275 82, ,591 3,315 3,315 6, ,721 23,590 23,590 89, ,312

71 , ,382 3,586 2,406 3, ,303 32, , , ,261 33,018 2,406 (1,083) 1,323

72 ,288 1, ,864 2, ,142 2,429

73 ,755 20,004 31,755 20,004 1, , , , ,544 23, ,460 56,370 31, ,145 1,145 1, , ,265 23, ,762 58,142 32,758 25, , ,429 3, ,465 4, ,660 5,660 12,560 7, ,963 12,621 11,799 1,636 3,272 1,636 3,272 (i) 60,762 60,762 (ii) 1,497 1,497 (i) (ii)

74 (a) ,250 1, ,462 2, Woelm Samuel Mesker 1,800 1, ,812 1,232 ** ** ** ** * 6 6 * 6 6 * 6 6 1,400 1,228 5,461 3, ,901 4,445 * **

75 (b) (a) 2,354 4, ,383 4, ,000, ,000,0011,500, ,500,0012,000,000 1

76 (60) % 17.5% 16.5% 25%33% 63 33%25%25% 33%

77 (198,267) (40,275) 16.5%17.5% (32,714) (7,048) 7,531 6,186 6,539 (2,129) (1,125) 30,279 2,526 (9,030) 69 (60)

78 ,695 11,733 33,880 (20,004) 13,876 1, (17,154) (4,317) (12,658) (2,359) (15,686) 795 (278) (282) 3,440 (2,637) (11,733) (58) (2,695) (11,733) 11,838,000 1,732,000 8,054,000

79 (a) 3,892,994 3,087, ,726 80, , ,059 4,627,938 3,681,355 (i) (ii) (iii) 195,662,000 41,363,000 4,627,938,0003,681,355, ,967,000 29,630,000 4,627,938,0003,681,355,000 2,695,000 11,733,000 4,627,938,0003,681,355,000 (b)

80 ,601 33, ,478 8, (258) 2, ,494 35, ,000 2,406,000

81 , ,026 8,100 10, , ,165 13,853 3, ,299 4,334 2,543 31,415 (4,263) (163) (623) (5,049) ,710 21,953 14, ,751 4,728 3,556 56,267 3,500 3,262 1, , ,211 2, , ,226 2,885 20,907 (4,617) (4,617) (137) (7) (229) (373) (5,660) (5,660) (266) (230) (496) ,028 14,573 2,207 12,746 2,888 18,063 6,424 77,929

82 , , , ,436 (4,253) (96) (551) (4,900) , , , ,413 1,055 9,480 (139) (139) (43) (1) (52) (96) (23) (16) (39) , , ,841 1,706 12,349 20,422 10,620 1,811 9,421 2,366 16,222 4,718 65,580 21,771 13, ,900 4,316 2,850 53, % 33% 19% 33% 20% 20% 33% 10% 20% 955,000 1,273,000

83 ,660,000 9,079 13,725 11,343 8,046 20,422 21,771 11,343,000 8,046, ,279 24,639 56,646 45,969 72,925 70,608 1,150 1,081 71,775 69,527 72,925 70,608 56,646,000 45,969,000

84 ,683 27,683 2,035 2,035 29,718 29,718 2,683 2, ,213 2,705 32, , ,233 29,204 2,481 31,685 29,321 29, %

85 , ,370 14, ,280 (2,635) ,563 6, ,130 8,370 Hamlet Profits LimitedHamlet Profits 5,850 8, , ,130 8,370

86 Hamlet Profits 9% Hamlet Profits 2%10%9%15% 2,635, ,280,000 16% 5%

87 (a) 4,000 2 (b) 4,002 (a) 4,000,000Score Global Services Company Limited Score Global25%Score Global50,000 1 Score Global (b) 3,003,000 (c) (d) 5% 13%

88 ,061 (65) 3, Score Global %

89 ,471 4,020 24,491 8% 10% 19% 870,000 1, ,916 4,587 6, ,

90 ,863 14,032 (9,116) (11,427) 29,747 2,605 32,880 40,304 (29,462) (4,375) 3,418 35,929 8,443 31,935 41,608 70, ,002 2, , , ,771 29,747 2,605

91 ,427 11,427 (2,311) 9,116 11,427 4,375 4,300 25, (451) (49) ,462 4,375 29,462,000: 4,375,000 12,955,000

92 ,792 2,605 : 60 8, , ,771 29,747 2, ,113 3,000,000

93 , ,000, , , , , % 10%

94 , , % 3%5.25% 1,115 1, , , ,123 52,869 38, , ,026

95 ,144 7,186 5, % 0.36% , ,109 4,443 9,178 27,563 38,456 32,006 47, ,108

96 , ,126 (123) (179) 770 1, ,126 (356) (356) %3.98%

97 ,337 31,359 21,970 8,054 59,307 39,413 2,781 1,875 2,844 1,919 12,411 3,977 19,301 23,588 37,337 31,359 21,970 8,054 59,307 39,413 (24,751) (9,929) 34,556 29, % 2.9%6.10% 17 18

98 Hamlet Profits Limited Hamlet Profits Limited10,000,000 5% 5% Reward Well Limited 8,883, , Super Bonus Management LimitedSuper Bonus 24,000,000 Super Bonus 100% 0.01 Super Bonus4,000,000 Copernicus Trading Limited Copernicus Super Bonus20,000,000 15,028,0004,972,000

99 ,000 (4,972) 15,028 18,138 3,016 (5,829) (1,598) 10 1,288 1,692 13,597 18,138 10% 10% (959)

100 (60) (60) , ,284 26,791, ,509,000 99,081,000 68,959,000 39,464,000

101 ,000, ,000 3,087,422 3,087 (a) 200, (b) (c) 605, ,892,995 3,893 (d) 700, (e) 3,344 3 (f) 257, ,853,482 4,853 (a) ,000, ,000, (b) Luck Continent ,000, ,400,000 48,264,000 (c) ,572, ,657,000 (d) ,000, ,000,

102 (e) ,343, ,594,000 (f) ,571,42828,571, ,572, % 1,900, ,633, ,633,830 9%11.81%

103 ,000,000 3,000, ,000,000 3,000, ,000,000 3,000, ,000,000 10,000,000 19,000,000 19,000,000 10,000, % % % 1.49% 0% 0%

104 ,027, ,829, % 55,311,0004,186,000 89,451,000 14,693,000

105 ,445 (234) 11,211 11,309 (109) 11,200 20,704 20,704 34,576 34, ,972 13,972 (23,567) (23,567) (666) (666) (37,960) (37,960) 30,027 (343) 29, , , ,000 44(a) 20, ,829 2, ,964

106 (108,000) (2,135) 13,972 (96,163) 16,000,0008,000,00016,000, % 392,000 13,180, % 148,000 5,875, % 1,684, % 103,000 Mansion Gains Holdings Limited 100% Mansion Gains Holdings Limited 810,000

107 ,000 59,313,000 Mansion Gains Holdings Limited 2,275 6,615 4, ,299 23,165 46,100 46,100 27,683 27, ,989 3,521 1, ,807 18,689 3, ,305 (27,144) (2,561) (5,496) (211) (562) (35,974) (24,862) (14,800) (3,424) (14,858) (57,944) (112) (112) 2,630 (4,183) (2,442) (169) 40,217 36,053 (1,288) (1,288) 20 (366) (171) (517) 1,362 (4,549) (2,613) (169) 40,217 34, ,588 2, ,370 (1,362) (27) (1,389) 1,039 40,190 41,229 1,039 40,190 41,229

108 Mansion Gains Holdings Limited (1,039) (40,190) (41,229) 18,689 3, ,305 18,689 1, (39,985) (18,924) 39. 3,989,000 Villaway Limited , ,050 11, ,933 2,000 (285) (11,983) (12,268) 1,926 1,926 1, ,926 3,989 1, ,926 3,989 (67) (1,933) (2,000) 1, (7) 1,989

109 Full Ahead Limited (4,264) (2) (4,266) (268,880) (262) (269,142) (272,318) (264) (272,582) 268, ,142 3, ,440 (286) (286) (286) (286)

110 (a) 5,356 6,086 11,442 2,406,0002.7% 7,475 7,709 5,381 15,245 12,856 22,954 10% 15%

111 (b) 2,293 1,526 3,819 (c) 9,312 2,468 52,768 62,080 2,468 5% 5,000, Orient Rise LimitedOrient RisePrime Axis Limited Orient Rise 100% 100% Orient Rise

112 , (a) Horizon Structured Solutions Ltd (i), (iv) 135 China Entertainment Holding Ltd (ii), (iv) 105 Bersett International(HK)Ltd. (ii), (v) 420 (iii), (vi) 9,893 (i) (ii) (iii) (iv) Horizon Structured Solutions Ltd China Entertainment Holdings Ltd. (v) Bersett International (HK) Ltd (vi)

113 (b) (a) ,142, Super Crown Venture Inc. Golden View Worldwide Limited Treasure Bay Assets Limited Super Mak Profits Corporation 20,829, ,135,000 (b) 1731,415,000 1,422, ,000 (c) 1.28 Luck Continent600,000, ,000,00048,264,000 (d) ,572, ,662,000 7,500,000 (e) ,343, ,598,000 2,902,000

114 (a) ,000,000 1,500,000, ,353,481,162 (b) 2,000, (c) 2,000,000 5%2,500,000 5% (d) 500,0003,875, Highsharp Investments Ltd % 100% * 1,000, % 100% * 30,300, % 80.2% % 100% 5,000, %

115 Horizon Worldwide Ltd 500, % * 2,500, % 100% ** 97,000, % 100% * 6,000, % 100% * 171,206, % 100% ** 25,000, % 100% * **

116 ,918 5,667 5,918 5, ,130 (i) 264, , ,444 3,864 12, , ,592 49, , ,773 1,334 2,026 (ii) (ii) 6 1, ,709 3, , , , , ,597 18,138 14,011 18, , ,685 4,853 3, , ,479 3,729 5,468 1,190 1,190 (385,458) 1, , ,685

117 (i) (ii) 48.

/2008

/2008 2007/2008 01 02 03 06 08 16 24 26 27 29 31 33 90 92 2007/2008 02 WOELM Samuel FCCA CPA FCIS Clarendon House 2 Church Street Hamilton HM 11 Bermuda 200 17 28 26 1182 (852) 3576 3309 (852) 3576 3963 www.cyfoundation.com

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