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1 2017 年報

2

3 Appleby Clifton House 75 Fort Street P.O. Box 1350 Grand Cayman KY Cayman Islands Estera Trust (Cayman) Limited Clifton House 75 Fort Street PO Box 1350 Grand Cayman KY Cayman Islands

4 % % %

5 46%65% 46%

6

7 %

8

9

10

11

12 可綠化面積綠化覆蓋率 有能力生長到 5 米或以上的樹木被種植減除部分溫室氣體

13 ,480 12

14 ,64935,

15

16 % 82%

17

18

19

20

21 % 11% 23% 52% 33% 77% 18% 5% 22% % 55% % 20

22 % 2017 (%) 36.9% 3.6% 0.0% 0.5% 6.3% 33.7% % % % % % 40.5% 0.0%

23 %97 22

24

25 , , ,033, ,

26

27

28 %

29

30 (tons of CO2e) C (tons of CO2e/ton) , , (a) (b) 1 (c) 35, % 8% 87%

31 (tons of CO2e) ,

32 % 12% 61% 13% ,64935,

33 2017 5, % 100% 200,000 9,500 1,28015,425 3,90010,

34 % (1) 22.5 (2) %

35 %(1) (2) (3) %(1) 60.3(2) 12.8(3)

36 46%65% 46%

37 %

38 % % %

39 Micromine Micromine %TFe %12.81%TFe %13.56%TFe Micromine 2013JORC 38

40 1. 15% % %10.6% %10.5% % 2. Micromine( 2012 ) %9% 5. Micromine %12.78% % 13.44%

41 Micromine Micromine (1) JORC(2) JORC JORC (TFe)(%) (TFe)(%) (TiO2)(%) (TiO2)(%)

42 JORC JORC JORC (%) (%) JORC (%) (%)

43 JORC (%) (%) % 6.8%

44 ,104 41,052 3, ,340 2, , ,154 3,336 5,775 3,195 9,757 9, , ,456 14,225 15,764 21,862 84,426 39,

45 (i) (ii) (iii) (i) (i)

46 % % 27.8% 65% % % %1, %

47 % 8, % 3, % 8, % 3, % 46% % 6, % 46% % % 6, % 21, % 44, % 3, % % 30, % 58, % 30, % 57, % % 30, % 58, % 46

48 % % %

49 % % % 57% % % % 46% % % % % (1) 22.5(2) %

50 % 45, % 3, % 45, % 3, % 46% % 6, % 46% % % 7, % 21, % 44, % % % 68, % 56, % 68, % 55, % 1, % 68, % 56, % %

51 % (37,799) 100.3% % (37,799) 100.3% % 46% 95 (0.3)% (643) (31.5%) 46% (136) (6.6%) 95 (0.3)% (779) (38.1%) 6 (484) (23.7%) 3, % % (37,698) 100.0% 2, % (37,698) 100.0% 2, % (55) (2.7%) (37,698) 100.0% 2, % 50

52 % (461.6)% 5.7% 46% 37.8% (10.4%) 46% (22.6%) 0.03% (1.1%) 96.7% 21.7% (124.4)% 3.5% (i) (ii) % % % 13.5%4.0%

53 % ,180, ,590,421, % %

54 %

55

56

57 /4 4/4 4/4 4/4 4/4 3/4 4/ /1 1/1 1/1 1/1 1/1 1/1 1/

58 A

59 /1 1/1 1/ /1 1/1 1/1 58

60 /2 2/2 2/

61 ,748 2,

62 (4)

63

64 C the Committee of Sponsoring Organizations of the Treadway Commission COSO

65 2017 (i) (ii) , ,0011,000,

66

67

68 ,958, ,646, , ,264, ,258, ,048, ,452,844 25,958,000 3,148, ,347, ,361,

69 % 360,435, % % 3. (i) (ii) (iii)

70

71 (a) (b)

72 XV ,048,138, % 468, % 18,700, % 1,484, % 1. 2,048,138, Novi Holdings Limited All Five Capital Ltd 650,000 18,050,000 Novi Holdings LimitedAll Five Capital Ltd XV

73 XV ,048,138, % 2,048,138, % 326,344, % 326,344, % ,344,

74 A.76(1) 14A 39 14A %96% 37%64% 5%

75

76 Fortuneshine Investment Ltd.Shine Mining Investment Limited MBA

77 Fortuneshine Investment Ltd. Shine Mining Investment Limited Q-Net Technologies Co., Ltd.OTCBB QNTI Savoy Resources Co., Ltd. SVYR Vendtek Systems Inc. VSI Ultra Lithium Inc. ULI Rocklands Richfield Limited RCI ASX RCIRCI 2012 RCI 76

78 ChinaVest Limited

79

80 Dell Australia Ltd BEA System Pty Ltd ING Real Estate Fund Investment Management Australia (INGREFIMA) 2010 (Carlyle Management Hong Kong Limited)

81

82 ,862,00033% (i) (ii) (i) (ii)

83 (iii) (iv) (v) 82

84

85

86 , , , , , , ,783 7, , , ,122 32, ,151 77, ,000 7, , , , , , , ,366 28, , , , , , , (9,570) 66, (248,198) (185,209) 383, ,910 5, , ,

87 , , ,955 26, ,262 17, , , , , ,353 19, ,000 20, ,231 55, , , , , , , ,

88 ,306 57, (68,004) (55,182) (37,698) 2, (62) (249) 27 (40,612) (76,907) (332) ,716 (78,266) (73,676) 31 3,837 2, (11,217) (25,547) (7,380) (22,554) (85,646) (96,230) 33 (365) (9,348) (86,011) (105,578) 16 (55,586) (12,477) (141,597) (118,055) (139,633) (117,240) (1,964) (815) (141,597) (118,055) 559 1, (90) (140,444) (116,955)

89 (139,285) (116,907) (1,159) (48) (140,444) (116,955) (86,011) (105,245) (54,433) (11,710) (140,444) (116,955) 34 (0.02) (0.03) 34 (0.02) (0.03) 34 (0.03) (0.03) 34 (0.03) (0.03) 88

90 ,393 66,726 (185,209) 525,910 5, ,157 (139,633) (139,633) (1,964) (141,597) ,393 67,074 (324,842) 386,625 4, ,713 18(c) (d) (37,116) 37,116 17(a) (2,652) (2,652) (2,652) 19(a) (39,528) 39,528 (4,088) (4,088) (2,652) (76,644) 76,644 (2,652) (4,088) (6,740) ,741 (9,570) (248,198) 383, , ,066 64,388 (68,152) 624,302 1, ,728 (117,240) (117,240) (815) (118,055) ,190 (27) (27) (63) (90) 628,066 64,721 (185,392) 507,395 1, ,773 (183) (b) (4,969) (4,969) (4,969) 17(b)(c) 21,296 21,296 21,296 2,188 2,188 3,869 6,057 16,327 2, ,515 3,869 22, ,393 66,726 (185,209) 525,910 5, ,

91 (a) 13,309 62,993 (12,922) (15,603) 31 3,841 4,317 4,228 51,707 (4,516) (5,601) (60,000) 15 (55,058) 16, ,647 2,002 8,310 35(d) 100,000 35(d) (100,000) (98,897) 19, ,296 6, , ,000 (100,000) (170,000) 25 (1,337) 17 (2,652) (4,969) 97,348 (48,953) 2,679 22, ,354 98, (135) , ,

92 Clifton House, 75 Fort Street, PO Box 1350, Grand Cayman, KY1-1108, Cayman Islands (a) 622 (b) (c) (c)

93 (d) (i) FVOCI FVOCI

94 (d) (ii) (iii)

95 (a) (b) 20% 50% (c) (c)

96 (d)

97 (a) (b) (c) 96

98 (i) (ii) (iii)

99 (a) (b)

100 (a) (i) (ii) 12 (b) (c)

101 (a) 12 (b)

102

103 (a) (b) 102

104 (a) (b)

105 (b)

106 (a) (i) % 20165% 5,650, ,616, % 20165% 836, ,500,000 (ii) (b) % %

107 (c) ,267 8,958 30, ,222 17, ,000 20, ,487 8,958 30, , ,463 10,717 32, ,903 19,447 20,000 28, ,687 10,717 32, ,903 (d) %201690% 106

108 , , , , % 28.5% (i) 1 (ii) 1 2 (iii) 3 Athena Resources Limited7.6%

109 (a) (b) (c) 108

110 (d) (i) (ii) (iii) (iv) (e) (i) (ii) (iii) (iv)

111 (e) (v) (vi) (f) 5. (a) (i) (ii) ,900,

112 (a) (iii) Ishine International Resources Ltd (b) Alliance Worldwide Investment Limited Alliance Worldwide Fortune Shine Investment Limited Fortune Shine Shine Mining Investment Limited Shine Mining Ishine Mining International Limited Ishine Mining China Rongsheng Holdings Limited Rongsheng Alpha Charm Investments Limited Grandson Holdings Limited Grandson Active Fortune Group Limited ,306 30,306 (37,698) (37,698) 3, ,841 (4,407) (4,337) (6,810) (15,554) (2,581) (2,581) 2,991 2,991 (866) (866) (365) (1,026) (1,391) (67,515) (55,586) (18,496) (141,597) (15,339) (425) (15,764) 5,959 1,262 7, , ,003 2,046,618 (2,111,866) 772, , , ,356 (866,411) 388,

113 (b) , ,492 (3,451) 58, (55) 5,390 (3,451) 2,041 2, ,995 (9,671) (1,900) (18,247) 2,371 (27,447) (28,797) (2,019) (30,816) (34,144) (2,019) (36,163) (3,137) (3,137) 8,629 8,629 (145) (145) (9,348) 893 (8,455) (72,558) (12,477) (33,020) (118,055) (19,980) (1,871) (11) (21,862) 6, , , , ,318 (1,022,657) 883, , , ,110 (270,544) 352,

114 , ,387 94,602 62, , ,221 7,799 (5,605) (5,605) 5,038 5,038 (5,463) (401) (15,998) (21,862) 7(d) (9,441) (16,478) (10,244) (36,163) 57, ,508 67,793 70, , , , ,975 70, ,827 (68,967) (54,541) (142,182) (265,690) 57, ,508 67,793 70, , , ,508 67,793 70, , ,183 5,063 7,221 (3,591) (16,884) (12,589) (3,639) (36,703) (567) (567) (4,508) (173) (11,083) (15,764) 49,526 90,426 45,275 71, , , , ,476 71, ,988 (69,346) (27,579) (150,201) (247,126) 49,526 90,426 45,275 71, , ,652, ,00010,433, ,866,000 3,679, ,833,

115 % ,144,000 2,019,

116 (a) (b) (c) ,287 61,287 (3,137) (3,137) 58,150 58, ,902 16, , ,371 (10,902) (16,142) (65,177) (92,221) 58,150 58, ,150 58,150 (58,150) (58,150) ,902 16,142 65,177 92,221 (10,902) (16,142) (65,177) (92,221)

117 (a) (b) (c) (b) 8. (a) % (1) 45,764 3,

118 (b) ,288 1, ,589 (181) (181) 3,408 : ,408 3, % (16(c)(ii) 13,830 13,

119 , , (8,262) (17,393) 12 (40) (8,262) (17,433) (8,262) (2,389) (2,389) 6, (1,391) (8,455) (4,482) (8,262) (2,389) 118

120 (a) ,359 13,596 31, , (9,826) 2,307 (339) (7,567) ,650 3,770 33, , (196) (811) (846) (4,604) (2,890) (21,336) (28,830) ,780 (750) 12,117 (b) (19,758) (23,536) (43,294) (888) (888) (20,646) (23,536) (44,182) (545) (545) ,536 24, (20,379) (20,379) (i) ,030, ,620,00026,255, ,693,

121 9. (b) (ii) , , ,687 57, , , , ,224 3,790 3,559 3,580 8,783 7, ,428 1,968 5,228 29,646 5,067 4,425 9,552 (2,991) 33,122 32, ,577, ,307, ,655,000 2,991,

122 ,739 87,077 (6,588) (9,658) 26,151 77, ,739, ,020, , , ,739 81,676 32,739 87, ,658 9,513 (866) 145 (2,204) ,588 9,

123 ,000 7, ,212 10,996 9, ,571 5,767 3, ,264 7,445 4,827 24, ,

124 , , , , , ,000 80,000 25,000 3,366 3,308 83,366 28, , , , ,289 1,540 9,869 14,991 30,680 1,597 5, , ,

125 (a) (a) (b) (i) (325) (11,327) (4,333) (1,975) (4,658) (12,701) (1,026) 893 (5,684) (11,808) c(i) (60,295) (65,979) (11,808) (69,576) (58,624) ,900,000 20,900 30,000 40,000 (18,676) (18,624) 124

126 (b) (ii) (1,848) (1,115) (559) 77 (2,407) (669) (2,407) (669) 12,800 10,393 (669) 559 1, (90) 11,546 (431) (3,568) (3,319) ,253,000 (2,254) (1,555) (5,822) (4,874)

127 (c) (i) ,900 18,134 (99,329) (60,295) i) ,696 58,150 1,000 4,482 3,160 2, ,414 (18,763) (905) (105,834) (125,502) (19,088) (95%) (18,134) ii) ,900 20,

128 (c) (ii) 2017 (1,030) 13,830 12, i) , ,253 3,589 (181) (181) 3,408 (30.22%) 1,030 ii) (2,253) (2,253)

129 ,426,857,920 7, , ,066 (a) (29,528,000) (50) (4,919) (4,969) (b)(c) 219,050, ,918 21, ,616,379,920 7, , ,393 (a) (25,958,000) (51) (2,601) (2,652) ,590,421,920 7, , ,741 (a) ,958, ,149,000 2,652, ,528, ,887,000 4,969,000 (b) ,000, ,800,000 12,700,000 (c) ,000, ,250,000 11,500,

130 (a) (b) (c) (d) (162,269) 50,941 48,483 73,581 26,417 27, (426) 64,388 (160) (23) (183) ,188 2,188 (27) (27) (162,269) 53,129 48,483 73,421 26,394 27, (453) 66,726 (39,941) 2,825 (37,116) (14,806) (24,722) (39,528) (162,269) 53,129 48,483 18,674 4,497 27, (274) (9,570) (a) (b) 10%50% 25% (c)

131 (d) (68,152) (117,240) 18(c) (d) (185,209) (139,633) 18(c) (d) 37,116 (a) 39, (248,198) (a) ,353 19, ,515 8, ,764 10,297 17,353 19,

132 ,000 20, ,156 10,492 19,882 18,856 4,013 10,247 4,540 5,523 3,749 4,005 3,891 6,231 46,231 55, , , , , , , (a) 107, ,412 (b) 100, , , ,

133 , , , , , , , , , , , , ,412 (a) % ,255, ,210,000124,551, ,412,000 (b) ,000, ,000, % % 132

134 ,992 25, ,822 1,406 (1,096) (173) (18,763) ,955 26, ,188 3, ,781 21,867 44,386 3, ,306 58,

135 ,306 57,278 16(b) ,306 58, (12,225) 6,141 21,861 45,671 6, , ,840 8,236 5,801 8, ,085 20, , , ,991 (8,629) (866) ,384 5,424 2,663 2,629 3,595 2,748 2,925 1,833 2,875 1,200 2,106 10,726 8, , , , ,338 16(b) 2,173 12, , ,

136 ,530 6,799 1,310 1,437 9,840 8,236 9,488 8, (261) 9,840 8,236 (a) , , , ,0011,000,

137 ,322 (1,652) (2) (493) (493) (332) 66 (332) 16(b) (559) (493) (332) (1) (323) 41 2,117 (78) 40 1, ,716 16(b) 40 1,

138 (15,763) (19,843) 24 (1,822) (1,406) (2,946) (907) 5,126 (5,046) (149) (245) (15,554) (27,447) 3,841 2,995 (11,713) (24,452) (7,380) (22,554) 16(b) (4,333) (1,898) (11,713) (24,452)

139 Alliance Worldwide , % Rongsheng % Fortune Shine , % Shine Mining , % Ishine Mining , % ,614, % Grandson % ,000, % ,000, %

140 (1,391) (8,455) (365) (9,348) 16(b) (1,026) 893 (1,391) (8,455) % %

141 (140,206) (109,600) 16,864 13,069 (94) (162) (16,243) (11,536) (1,918) 9(a) (9,826) (1,391) (8,455) 34. (a) (139,633) (117,240) (86,011) (105,578) (53,622) (11,662) 4,609,499,032 4,468,948,029 (0.03) (0.03) (0.02) (0.02) (b)

142 (a) (140,206) (109,600) 6 12,085 20,029 (40) 27 2,581 30,816 (1) (1,322) 31 15,763 19, ,822 1,406 47, (3,841) (2,995) (7,648) 7,034 (3,712) 17,983 41,844 56,055 (35,000) 84, ,035 (101,158) 22,895 72,953 (3,547) (30,404) (20,000) (30,000) 2,776 4,548 (2,041) 24 (1,096) (173) 13,309 62,993 (b) (1) (323)

143 (c) , ,354 (100,000) (100,000) (107,210) (111,412) (83,583) (91,058) 123, ,354 (207,210) (211,412) (83,583) (91,058) ,354 (100,000) (111,412) (91,058) 2,679 2, ,299 7,893 (3,097) (3,097) ,627 (100,000) (107,210) (83,583) (d) 142

144 (a) ,241 5,712 (b) ,200 1,200 1,200 1,200 1,200 1,200 1,200 7,200 1, (a) (b)

145 (c) ,562 3, ,630 3, , , , ,660 3,730 4,051 14,077 31,333 17,807 35, , , , ,393 (a) 142, ,547 (a) (385,981) (126,568) 398, ,

146 , ,412 17,194 13,260 17,194 13, , , , , (a) (95,644) 119,549 22,998 (30,924) (126,568) 119,549 22,998 (259,413) (385,981) 119,549 22,

147 (a) ,046 2, ,088 2, ,

148 (a) (b) (c) (d) (e) (f)

149 ,306 57, , , ,904 (68,004) (55,182) (329,224) (425,238) (524,245) / (37,698) 2,096 (34,743) ,659 (62) (249) (3,034) (4,371) (12,521) (40,612) (76,907) (210,474) (55,346) (47,960) (7,380) (22,554) (21,603) (21,818) (29,938) (85,646) (96,230) (282,057) (96,452) 132,734 /( 費用 ) (365) (9,348) 18,641 14,812 (23,627) (55,586) (12,477) / (139,633) (117,240) (261,414) (78,661) 111,214 (1,964) (815) (2,002) (2,979) (2,107) , , , , , , , , , , , , , , , , , ,952 96,907 49, , , , , ,912 5,247 1,426 3,397 6, ,228 51,707 (101,274) (43,921) 407,421 (98,897) 19,645 (144,348) 29,632 (135,162) 97,348 (48,953) 201,943 92,187 (289,900) / (124.39)% 3.50% (11.8)% 0.2% 21.51% / (467.22)% (202.68)% (89.45)% (19.16)% 16.34% 35.1% 28.5% 30.2% 23.6% 23.0% 148

, ,082 (329,224) (425,238) (34,743) 844 (3,034) (4,371) (210,474) (55,346) (12,416) (15,761) (260,454) (74,634) 2,4

, ,082 (329,224) (425,238) (34,743) 844 (3,034) (4,371) (210,474) (55,346) (12,416) (15,761) (260,454) (74,634) 2,4 China Zhongsheng Resources Holdings Limited 02623 2015 12 31 2015 12 31294.5 2014 12 31426.130.9% 2014 12 31 78.7232.1%2015 12 31261.4 2016 3 30 2015 12 31 2015 12 31 2014 12 31 1 2 12 31 2015 2014 4 294,481

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