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1 Winning Tower Group Holdings Limited 8362

2 Winning Tower Group Holdings Limited 350,000, ,000,000 70,000, ,000, ,000,000 70,000,000 35,000, % % 0.005% C ( S

3 i

4 ( (1) (2) ii

5 (1) (5)(7)(11) (a) (b) iii

6 7. 1,000, ,000, (i) (ii) iv

7 ii v v

8 I II III IV V VI-1 vi

9 12 Jettfoods.com % 1.35% 1

10 99.9% 82.2% % % 112, , , , , , , % 30% 60% (i) (ii) 2

11 % % 40, % 42, % 29, % 30, % 31, % 26, % % % 10, % 10, % 112, % 109, % % % 68, , , , , , , , , , , ,

12 % % 29, , , , , , % 99.5% 69.5% % 34.0%

13 % % % % % % % % % % % % % % % % % % % % % % % % 4,519 3,538 78% 4,531 3,802 84% , % 76.6% 37.8% 33.2% (i) (ii) 5% 5

14 47.0% 48.3% 18.0% 15.0% 5% 6

15 (1) (2) (3) (4)

16 % 37.6% 42.8% % 32.8% 31.0% 20% 30% (i) (ii) 8

17 (iii)

18 112, ,578 9,787 6,688 8,311 4,703 41,739 35,704 42,273 37,225 (534) (1,521) 74,534 69,363 11,368 12,559 6,165 10,075 (7,843) (203) 7,333 (5,338) 5,655 4,534 6,795 11,329 10

19 % 34.0% 2 7.4% 3.5% % 6.8% 8 6.7% 4.2% %

20 % 3.5% (i) 4.5 (ii) 11.2% 6.8% (i) 4.5 (ii) % 24.53% 24.53% 23.22% 19.02% 4.75% 2.87%1.08% 12

21 (a) % (b) % (c) % 13

22 (d) % (e) % (f) % ,000, ,000, ,000,000 70,000,

23 8 A. 3. 1,119,971,570 15

24

25 15 E. 1. EBITDA 17

26 50% 50%

27 40% 18 21% 6% 13% 11 20% 24.53% 24.53% 23.22% 19.02% 4.75% 2.87% 1.08%

28

29 13.2% 40% 280,000,000 1% % 0.005% ,500,000 15% 21

30 315,000, ,000,000 70,000, % % 0.005% 22

31 35,000,000 A ,000,

32 D. 13.2% 2.6% % 24

33 70% 30% 20% 60% 20% 25

34 * 26

35 GMP HACCP % 27

36 28

37 29

38 1.5 30

39 31

40 4.7% 8.0% 1.6% 1.3% 16% 13% 5.3% 32

41 , ,000 51, ,000 1,500, %

42 10% 34

43 % 13.4% 35

44 H1N1 H5N1 36

45 37

46 38

47 (a) (b) (c) (d) (e) (f) (g) 39

48 (h) (i) (j) (k) 75% 40

49 (a) (b) (c) (d)

50 42

51 43

52 20 25% 10,000, (2)(b)

53 571V 44B(1) 45

54 11.23(7) 25% 350,000,000 46

55 47

56 20,

57 E E 54A 54D 4 C F B 8 24 D 49

58 2 1 D 5 A G 50

59 A Conyers Dill & Pearman Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY Cayman Islands 51

60

61 16 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY Cayman Islands G E 23 G 53

62 12 Conyers Trust Company (Cayman) Limited Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY Cayman Islands

63 600,000 (i) (ii) (i) (ii) (iii) 55

64 25.6% % 5.3% % 5.7% 5.6% 5.3% 6.4% 5.8%

65 (i) (ii) (iii) % 5.3% 9.4% 9.1% 0.4% 1.2% 7.8% 6.5%

66 9.4% % 0.4% % 7.8% % 6.6% % 58

67 % 937 1,074 1, % 7,300 8, % 9, % %

68 1 A 16.1% 2 B 12.1% 3 C 10.1% 4 D 7.0% 5 E 6.0% 51.3% % 60

69

70 % % 2.7% 8.7% 2.5% 7.8% 2.9% 2.6% 0.6% 62

71 8.7% 7.8% 3.2% 2.9% 2.7% 2.6% -2.5% -0.6%

72 64

73 132 V 50 10, , ,

74 132X 31(1) 30(1) (1) 31(1) 50,

75 132W ,000 4A ,000 4B , ,

76 (i) 72 (a) (b) (c) (d) (ii) (a) (b) (c) (d) (e) (iii) 72 (a) (b) (c) (d) (iv) 10,000 68

77 60 6C 500, AK 4(1)(a) (a) (b) (c) (d) (e) (f) 4(1)(b) (a) (f) 4(3) 69

78 358 8(1) 8(2) (i) (ii) 9(1) 9(2) 12(1)(b) 8(1) 8(2) 9(1) 9(2)

79 7 500,

80 200, , , , (1A)

81 100, , C (a) (b) 43D ,000 43F 43C (1) (2)

82 25,000 7,100 30,000 7,100 5% 1,250 1,500 5% 25,000 30, (i) (ii) (iii) 93 10% 74

83 % 12 60% 40% 60% 75

84 40% 60% 40% 30% 40% 60% 30% 40% 18 21% 6% 13% 11 20% 76

85

86 380,000 38,000, ,429,000 A A B 1.00 A B 1 1 3,350,000 1,300, % 3,350,000 1,300, % 1,400,000 3,000, % 3,400, % 900, % 2 9,000,000 9,000, % 1. A B B 2. 78

87 2,325,000 2,325,000 2,200,000 1,700, ,000 B B ,325,000 2,325,000 2,200,000 1,700, ,000 B A B 1 1 3,350,000 3,625, % 3,350,000 3,625, % 1,400,000 5,200, % 5,100, % 900, , % 2 9,000,000 18,000, % 1. A B B 2. (a) 3,349,999 A 1,299,999 B 3,350,000 A 1,300,000 B 1,400,000 A 3,000,000 B 3,400,000 B 900,000 A A 1.00 B ,649,998 4,650,000 4,400,000 3,400, ,000 A B 79

88 (b) 4, ,000 60% 40% (c) 1,500, ,500,000 30% 40% 15% 15% (d) 3,200, ,200,000 40% 40% 20% A B B A B A A B 1 1 6,975, % 6,975, % 6,600, % 5,100, % 1,350, % 2 27,000, % 1. A B B 2. 80

89 2,000, , , , , ,000 A A B 1 1 6,975, % 6,975, % 6,600, % 5,407, % 1,350, % 815, % 307, % 2 28,429, % 1. A B B 2. 28,429,000 A 28,429 50,

90 (2) 10,000 10, ,000,000 9,000, A 9,000, B A B 1 1 3,350,000 1,300, % (1,700,000) ( 3) 3,350,000 1,300, % 1,400,000 3,000, % 1,700, % 1,700,000 ( 3) 900, % 2 9,000,000 9,000, % 1. A B B ,000,000 B 1,700,000 1,700,000 B 82

91 A B B A B A 18,000,000 A 10,000 10, ,000 60% 4,000 40% 10, % 4, ,000 60% 40% 2, , % 60% 83

92 5,000,000 5,000, ,500,000 30% 2,000,000 40% 750,000 15% 750,000 15% 5,000, % 1,500, ,500,000 30% 40% 15% 15% 2,000, , , , , ,000 A 8,000,000 8,000,

93 3,200,000 40% 3,200,000 40% 1,600,000 20% 8,000, % 3,200, ,200,000 40% 40% 20% , , ,000 85

94 60,000 60,000 24, % 2 18,000 30% 12,000 20% 6,000 10% 60, % 1. 24, ,000 2,000,

95 1,000,000 1,000, ,000 60% 400,000 40% 1,000, % 400, ,000 87

96 1,000,000 1,000,000 10,000 10, % 48 30% 24 15% %

97 (1) 50, ,975 6,975 6,600 5,407 1, (2) 6,975,000 A 6,975,000 A 6,600,000 A 5,407,000 A 1,350,000 A 815,000 A 307,000 A 6,975 6,975 6,600 5,407 1, ,429 89

98 (a) (i) (ii) (b) (c) 70% (3) (a) (b) (c) (a) 70% (b) 90

99 70% (a) (b) (c) 70% (a) (b) 91

100 11,199, ,119,971,570 40% 40% 40% 40% 30% 100% 20% 30% % 3. 60% 4. 40% 30% 20% 10% 5. 40% 6. 40% 15% 15% 7. 55% 15% 92

101 100% 24.53% 24.53% 23.22% 19.02% 4.75% 2.87% 1.08% 100% 100% 100% 100% 60% 100% 40% 20% 1. 40% 2. 40% 3. 40% 18 21% 6% 13% 11 20% 13.2% 93

102 4. 50% % 24.53% 24.53% 23.22% 19.02% 4.75% 2.87% 1.08% 75% 25% 100% 100% 100% 60% 100% 40% 20% 94

103 1. 40% 2. 40% 3. 40% 18 21% 6% 13% 11 20% 13.2% 4. 50% 5. 95

104 12 Jettfoods.com 150 HACCP GMP HACCP GMP % % 112, , , , , , , % 30% 60% 96

105 HACCP GMP HACCP GMP 97

106

107 4,500,000 78% 84% 9,000, %

108 (i) (ii) (iii) (iv) % % 112, , , , , , ,

109 40% 30% 60% % % 40, % 42, % 29, % 30, % 31, % 26, % % % 10, % 10, % 112, % 109, % 1.5 x

110 1 x 1 7 x x Jettfoods.com 102

111 14 103

112 104

113

114 ,

115

116 , , , , ,

117 % % % % % % % % % % % % % % % % % % % % % % % % 4,519 3,538 78% 4,531 3,802 84%

118 90% 7,300 9,000,000 51% % 202,000 (1) % (2) % (3) (1) 202,000 2,424, % 7.1 (2) (3) 4,500,

119 51% (i) (ii) (iii) 51% 9,000, % % 68, , , , , , , , , , , , % 76.6% 37.8% 33.2% 111

120 % 1 A ,000 65% 12 42, B 12 23,

121 % 3 C HACCP ISO9001 ISO , , , ,

122 % 1 A ,000 65% 12 44, B 12 23, ,

123 % 4 B 12 6, , , (i) (ii) (iii) (iv) (i) (ii) 5% (i) (ii) (iii) (iv) B 40% 30% 40% 70% 115

124 6,840,000 5,668, % 4.6% 30% 40% 15% 15% 438, % 4.0% 2.5% 231, , % 2.9% 116

125 5.1% 17.2% 1,095,000 3,761, % 8.0% 3.3% 133, % 60% 117

126

127 (i) (ii) (iii) (iv) (v) (vi) % 48.3% 18.0% 15.0% 119

128 % 1 A 13,000 1,000 ISO22000 HACCP 2 14, B 12 6, C 10 6, , E 5 5, ,

129 % 1 A 13,000 1,000 ISO22000 HACCP 2 13, B 12 9, E 12 7, , , , (i) (ii) 5% 121

130 B B B B B B 0.6% 4.6% 36, ,000 B B 8.2% 11.1% B B B B B 122

131 30 60 (i) (ii) (iii)

132

133 PayPal 125

134 29 126

135 GMP HACCP 127

136 128

137 B

138 % 13.4% 268, , % 5.3% % 1.35% 130

139 , , , ,563 15% 131

140 50,000 5,

141 GMP Intertek HACCP Intertek 133

142 (i) (ii) (iii) E

143 (i) (ii) E 56F (iii) 282 (iv) 358 (v) 132X

144 (i) 1.35% (ii) (iii) (iv) 136

145

146 5. (i) (ii) (iii)

147 30% 1 1,050,000,000 75% ,050,000,000 75% 1 1,050,000,000 75% ,050,000,000 75% 1 1,050,000,000 75% 1 1,050,000,000 75% 1 1,050,000,000 75% 1 1,050,000,000 75% 1 1,050,000,000 75% % 24.53% 23.22% 19.02% 4.75% 2.87% 1.08% % 18 21% 6% 13% 11 20% 139

148 (7) (7) 140

149 13.16A(1)

150 1 1 50% 50% 2 20% 60% 20% 3 142

151 1. 40% 18 21% 6% 13% 11 20% 2. 20% 60% 20% % 1.5%

152 (i) (ii) (iii) (iv) (v) 144

153 (i) 10% (ii) 10% (iii) (i) (ii) 30% (i) 145

154 (ii) (iii) 15 (i) (ii) (iii) 40% (iv) (v) 146

155 (vi) 13% 2.6% (vii) (viii) 147

156 , % 3,000,000 20% 80% 148

157 , % 3,000,000 60% 40%

158 2% 5% 3,000,000 20% 60% 20% % 6.6% 30% 3% 150

159 (2)(b) (i) (ii) (iii) 70% 30% 20% 60% 20% 20.74(2)(b) % 2.5% 33% 60% 151

160 (2)(b) (i) (ii) (iii) 60% 40% 20.74(2)(b) % 4% (2)(b) 152

161 (i) (ii) (iii) 50% 20.74(2)(b) % 60% (2)(b) 153

162 (i) (ii) (iii) 60% 40% 20.74(2)(b) % 10,000, (2)(b) (a) (b)

163 20 155

164 4,500,000 78% 84% 9,000,000 7, % % 5.3% % 156

165 % (i) 20 40% (ii) (iii) 157

166 (iv) Facebook , ,

167 (a) % (b) % (c) % (d) % (e) % (f) %

168 (a)

169 (b) (c) (d) (e) 161

170 (a) (b) (c) (d) (e) (f) (g) 162

171

172 65 40 Hyatt Auckland

173 Umora International Limited 291AA (a) (b) (c) Les Amis d Escoffier Society, Inc 165

174 35 291AA (a) (b) (c)

175 291AA (a) (b) (c) Swire Air Caterers Limited Deli Delight Limited 291AA (a) (b) (c) 167

176 65 44 Hana Technologies Limited Swire Technologies Limited John Lo & Co (2) (i) (ii) (iii) (iv) C. 1. (a) XV (v) 168

177 (vi) 17.50(2)

178 (i) XV (ii) (iii)

179 6A.19 6A.23 (1) (2) (3) (4) C B.1 171

180 A.5 1,440,000 1,404, ,

181 ,500 5% 173

182 D. 174

183 10,000,000, ,000,000 28, ,119,971,570 11,199, ,000,000 2,800,000 1,400,000,000 14,000,000 52,500,000 D. 175

184 (i) 20% (ii) (a) (b) (c) (d) % 176

185 A (i) (ii) (iii) (iv) (v)

186 1 1,050,000,000 75% 1 2 1,050,000,000 75% 1 1,050,000,000 75% 1 2 1,050,000,000 75% 1 1,050,000,000 75% 1 1,050,000,000 75% 1 1,050,000,000 75% 1 1,050,000,000 75% 1 1,050,000,000 75% % 24.53% 23.22% 19.02% 4.75% 2.87% 1.08% ,000 40% 2 3 3,200,000 40% % 18 21% 6% 13% 11 20% 178

187 12 Jettfoods.com % 82.2% 40% 30% 179

188 60% % %

189 (a) (b) 181

190 (c) (d) 182

191 (a) (b) (c) 183

192 112, ,578 (83,140) (88,175) 2,240 1,624 (9,544) (17,903) (2,729) (4,667) (4,275) (3,297) (1,807) (3,000) (1,042) (1,223) (4,502) (3,929) (4,635) 8,639 7,800 (1,014) (1,112) 1, ,787 6,688 (1,476) (1,985) 8,311 4,703 8,364 4,633 (53) 70 8,311 4,

193 8,311 4,703 (16) 8, (1,412) (24) 7, ,439 4,829 15,492 4,759 (53) 70 15,439 4,

194 % % 112, , , , , , , % 30% 60% 99.9% 82.2% 13.1% 186

195 % % 40, % 42, % 29, % 30, % 31, % 26, % % % 10, % 10, % 112, % 109, % % % 68, , , , , , , , , , , , % 54.3% 187

196 % 66.0% % % 83, , , , , , % 20.0% 40.0% 40% 20% 10% 10% 20% 40% (33,256) (16,628) (8,314) 8,314 16,628 33,256 (35,270) (17,635) (8,818) 8,818 17,635 35,

197 100% % % 29, , , , , , % 99.5% 69.5% % 34.0% 189

198 ,467 1, ,240 1, % 13.4% 3,185 4,108 6,102 13, ,544 17,

199 10.0% 20.0% 40.0% 40% 20% 10% 10% 20% 40% (3,817) (1,909) (954) 954 1,909 3,817 (7,161) (3,581) (1,790) 1,790 3,581 7, % 2.5% % 2.2% % 0.9% 191

200 ,929 4,

201 15.1% 29.7% % (i) (ii) % % % 34.0% (i) (ii) %

202 26.2% 28.7% 60% 40% % 30% % % %

203 % % 40% 22.9% % % 1.2 (i) (ii) % 4.6 (i) 0.5 (ii) 0.2 (iii) 0.1 (iv) 0.1 (v) % 195

204 % % 29.7% % % 3.5% 79,596 75,190 2,302 2, ,998 77,592 3,842 3,743 19,285 17,920 2,323 2,482 8, ,795 11,329 41,739 35,

205 6,128 5,793 2,710 2, ,070 28, , ,273 37,225 (534) (1,521) 81,464 76,071 6,930 6,708 74,534 69,363 32,230 32,230 38,129 32,888 70,359 65,118 4,175 4,245 74,534 69,

206 185,000 2,117, ,117 2, ,117 2, ,842 3,

207 100% 13,228 12,658 6,057 5,262 19,285 17, ,278 16,053 1,953 1, ,285 17,

208 ,955 2, ,323 2,

209 , (346) (213) 20 4,775 4,486 1,353 1,307 6,128 5,

210 90 5,765 5, ,128 5, ,516 2,587 2,710 2,

211 ,842 3,743 4,585 19,285 17,920 17,910 2,323 2,482 2,917 8, ,795 11,329 5,744 41,739 35,704 31,521 6,128 5,793 4,940 2,710 2,741 1, ,070 28,294 27, , ,273 37,225 34,381 (534) (1,521) (2,860)

212 % 1.5 (i) 1.4 (ii) % ,140 6,795 6,165 10,075 (7,843) (203) 7,333 (5,338) 6,795 11,

213 6.2 (i) 11.4 (ii) 1.0 (iii) 11.9 (iv) 0.4 (i) 8.8 (ii) 1.1 (iii) 3.2 (iv) 3.5(v) (i) 12.6 (ii) 1.4 (iii) 0.5 (i) 0.3 (iii) 0.1 (iv) (i) 13.4 (i) 3.5 (ii) (i) (i) 9.0 (ii) 8.5 (i) 2.5 (ii) 6.7 (iii)

214 5.3 (i) 2.8 (ii) 1.2 (iii) ,070 28,294 27, ,666 28,507 27,

215 2,779 2,886 2,923 2,886 2,997 3,035 9,228 8,596 8,312 16,177 13,815 13,072 31,070 28,294 27, % % % (i) (ii)

216 (4) % 34.0% 2 7.4% 3.5% % 6.8% 8 6.7% 4.2%

217 1. 100% % 34.0% 7.4% 3.5% (i) 4.5 (ii)

218 % 6.8% (i) 4.5 (ii) 6.7% 4.2%

219 13,168 3,045 2, , , ,650 1,

220

221

222 65,800 (696) 65,104 2,736 67,840 67,840,

223

224 35,000,000 (i) (ii) 216

225 (i) (ii) (iii) (iv) (v) (vi) 217

226 (vii) 315,000,000 52,500,000 15% 218

227 A(1)(a) (a) 13.18(1) 13.18(4) 17.43(1) (4) (b) (a) (a) (b) 219

228 17.29 (a) (b) (c) (a) (b) (d) (a) (b) (c) (a) (b) (c) 220

229 (a) (i) (ii) (iii) (a)(i) (a)(ii) (iv) (a)(i) (a)(ii) (a)(iii) (a)(i) (a)(ii) (a)(iii) (b) (a)(i) (a)(ii) (a)(iii) 221

230 (c) (a)(i) (a)(ii) (a)(iii) 7.5% A

231 350,000, ,000,000 90% 35,000,000 10% 315,000, ,000,000 70,000,000 90% 223

232 35,000,000 10% % 0.005% % 100% 35,000,000 (a) ,000,000 30% (b) ,000,000 50% 224

233 (c) ,000, % 52,500,000 15% 52,500, % 27.71% 225

234 % 0.005% % 20,000 4, (i) (ii) 226

235 (iii) ,

236 S (i) (ii) 228

237 3. (i)

238 (ii) (i) 230

239 (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (i) (ii) S S 902 (h)(3) (xiii) 231

240 (xiv) (xv) (xvi) (xvii) (xviii) (xix) (i) (ii)

241 E ( 233

242 (i) (ii) 234

243 40 235

244 236

245 20,000 20,000 (1) (1) (1) (1) (1) E 237

246 7. (i) (ii)

247 9. 20,000 20,

248

249 12. (i) E (ii) (iii) 241

250 (iv) 50%

251 14. (i) (ii) (i) 1,000,000 ( ( 243

252 ,000,000 (ii) 1,000,000 1,000,

253 (iii) 1,000, ,000,000 (iv)

254

255 1 22 I-3 I-52 I-3 I I-1

256 I-3 12 I-2

257 I , ,578 (83,140) (88,175) 6 2,240 1,624 (9,544) (17,903) (2,729) (4,667) (4,275) (3,297) (1,807) (3,000) (1,042) (1,223) (4,502) (3,929) (4,635) 8,639 7,800 7 (1,014) (1,112) 1, ,787 6, (1,476) (1,985) 8,311 4,703 8,364 4,633 (53) 70 8,311 4,703 I-3

258 8,311 4,703 (16) 14 8, (1,412) (24) 7, ,439 4,829 15,492 4,759 (53) 70 15,439 4,829 I-4

259 14 79,596 75, ,302 2, ,998 77, ,842 3, ,285 17, ,323 2, , ,795 11,329 41,739 35, ,128 5, ,710 2, ,070 28, , ,273 37,225 (534) (1,521) 81,464 76, ,930 6,708 74,534 69,363 I-5

260 27 32,230 32, ,129 32,888 70,359 65,118 4,175 4,245 74,534 69,363 I-6

261 18,000 24, ,286 47,297 47,297 8,364 8,364 (53) 8,311 (16) (16) (16) 14 8,556 8,556 8, (1,412) (1,412) (1,412) 7,144 (16) 8,364 15,492 (53) 15, ,230 14,230 14, ,228 4, (6,660) (6,660) (6,660) 32,230 32,139* * 5,990* 70,359 4,175 74,534 4,633 4, , (24) (24) (24) 126 4,633 4, , (10,000) (10,000) (10,000) 32,230 32,265* * 623* 65,118 4,245 69,363 * 38,129,000 32,888,000 I-7

262 9,787 6,688 6 (31) 7 1,014 1, ,729 4,667 8 (1,202) (960) 11,368 12,559 1, ,365 11,935 (159) (8,800) (794) 487 (1,108) (335) (857) (133) (3,245) (3,500) 6,916 13,914 (751) (3,839) 6,165 10,075 I-8

263 31 14 (13,371) (334) ,546 1,982 (7,843) (203) 27 9,000 8,500 (2,478) (2,776) 12, 36 (6,660) (1,200) (1,014) (1,108) (4) (15) (250) 7,333 (5,338) 5,655 4,534 1,140 6,795 6,795 11, ,795 6, ,006 6,795 11,329 I-9

264 II. 1. Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands ^ 1 100% # 32,230, % * 18,000, % * 8,000,000 60% * 5,000, % * 10,000 60% ^ I-10

265 # * ,000 1,521,000 28,291,000 25,408,000 5 (i) (ii) (iii) I-11

266 (a) (b) (c) (i) (ii) (iii) (i) (ii) (iii) I-12

267 I-13

268 % I-14

269 I-15

270 (a) (i) (ii) (iii) (b) (i) (ii) (iii) I-16

271 (iv) (v) (vi) (a) (vii) (a)(i) (viii) 14% 25% 14% 25% 14% 25% 25% I-17

272 I-18

273 (a) (b) I-19

274 (i) (ii) I-20

275 I-21

276 (a) (b) (c) (d) I-22

277 3. I-23

278 (a) (b) (c) (a) (b) (c) 26 I-24

279 4. A # 42,684 44,325 B # 23,852 23,230 C # * 22,910 # * C 10% , ,802 17,527 2, , , , ,467 1, ,240 1,624 I-25

280 7. 1,014 1, ,014 1, ,140 88,175 2,729 4, ,042 1, ,185 4, ,102 13, ,544 17,903 4, (1,202) (31) 9. I-26

281 ,661 3, ,775 3,499 3,185 4, , , , , , , , , ,390 1, , , , , ,108 I-27

282 ,273 1, ,390 1,551 1,000, % 16.5% 2,330 2,421 (20) (190) 26 (834) (246) 1,476 1,985 I-28

283 9,787 6,688 1,615 1,104 (20) (190) (158) (198) (22) 155 1,197 (213) ,476 1,985 33, ,660 10, I-29

284 14. 47,100 9, ,831 59,566 13, , , ,126 3,045 6,976 8,556 8,556 (1,357) (1,357) 67,467 12, ,045 3,045 87,112 3, ,970 6,144 1,357 1, ,729 (1,357) (1,357) 5, , ,516 67,467 7, ,806 3,029 79,596 67,467 12, ,045 3,045 87, (249) (249) (44) (44) (1,817) (1,817) 65,800 12, ,207 2,796 85,486 5, , ,516 1,817 1, ,667 (49) (49) (21) (21) (1,817) (1,817) 6, , ,296 65,800 5, ,583 2,083 75,190 67,467,000 65,800,000 8,556, ,000 I-30

285 29,073,000 30,026, ,100 67,467 13,168 (1,357) (1,817) 8, ,467 65,800 3,655 3,598 3,786 3,653 3 * 67,467,000 65,800, , I-31

286 ,000 2,117, ,117 2, ,117 2, % 12.1% 16.1% 24% 15% 20.2% I-32

287 16. 60,000 40% 5,000,000 30% * 8,000,000 46% * 20% 40% 30 (i) 955,000 (ii) 344,000 33(a) 2,000,000 1,942, , ,000 97,000 1,202,000 8 I-33

288 17. 3,842 3, ,228 12,658 6,057 5,262 19,285 17,920 74% 71% 29% 30% 11,314 10,693 5,967 7,000 1, ,285 17,920 I-34

289 17,278 16,053 1,953 1, ,285 17,920 5,030 4, ,057 5,262 33(a) 19. 1,955 2, ,323 2,482 I-35

290 20. ^ (100) (100) ,000 4, (a) I-36

291 2,273 ^ 2,273 2,273 2,273 ^ 1,663 1,663 1,663 2, ,800 ^ ,795 6,323 5,006 6,795 11, ,775 4, ,128 5,793 I-37

292 5,765 5, ,128 5, (a) ,516 2,587 2,710 2, (%) (%) , ,294 31,070 28,294 67,467,000 65,800,000 45,580,000 46,080,000 33(d) I-38

293 2,779 2,886 2,886 2,997 9,228 8,596 16,177 13,815 31,070 28, (4) 250 (250) 0.5% 250,000 33(e) I-39

294 (213) 931 4,939 5, (823) (823) 1,412 1, ,351 7, (132) (327) (459) ,375 6,708 I-40

295 6,930 6,708 1,528, , , , ,000 38,000, ,429,000 28,429,000 32,230 32,230 A B (a) (a) 9,000,000 9,000,000 18,000,000 18,000 (b) 9,000,000 9,000,000 9,000 B A (c) 18,000,000 (18,000,000) 30 1,429,000 1,429,000 5,230 28,429,000 28,429,000 32,230 (a) A B I-41

296 (b) 9,000,000 B 9,000,000 (c) A B B A B A % 40% 195 3,299 3,494 16,397 17,527 (16,126) (17,041) ,322 7,379 3,870 3,140 (891) (1,716) (52) (68) 2,622 (1,138) (4) (122) (1,646) 972 (1,260) I-42

297 30. 20% 40% 516,000 60% 955, % 1,062, , (684) (265) 26 (428) 2,322 (929) 1, , % 1,062 1, ,000 7,000 I-43

298 516 (324) , , ,450,000 7,518,000 70% 30% 46% 1,429,000 A 100% 20% 60% 344,000 30% 46% 5,125, I-44

299 14 3, , ,738 (1,380) (635) (31) 26 (54) 11,537 (3,299) 8, ,117 10, ,230 5,125 10,355 4,783, ,000, 3, ,423,000 8,226, ,000 I-45

300 , ,650 1, I-46

301 33. (a) Kam Tin Investments Limited Kam Tin Kam Tin (b) 5,648 19, ,034 1,493 1, , ^ 4,565 3,240 2,573 2, I-47

302 ^ 5,481 4, ^ Kam Tin ,168 ^ 114 5, , , ^ 20 (c) 4,075 4, ,165 4,924 9 (d) 45,580,000 46,080,000 I-48

303 (e) 250,000 (f) ,000 1,050, , , ,285 17, , ,795 11,329 35,942 29,873 6,128 5,793 1,386 1, ,070 28, ,180 35,342 I-49

304 , , ,128 5,793 1,386 1, * 38,169 34, ,283 41,340 I-50

305 * 31,070,000 28,294,000 3,881 3,881 3,881 3,881 11,527 10,556 18,880 15,974 38,169 34,292 31,070 28, ,320 28,294 74,534 69,363 42% 41% I-51

306 36. 8,800,000 8,800, III. I-52

307 A ,816 37, , ,816 48, , ,118,000 2,302,000 II-1

308 2. 280,000, (2) 1,400,000, II-2

309 B II 1 II II-3

310 1 7.31(7) II-4

311 (a) (b) (c) 7.31(1) II-5

312 : (852) : (852) III-1

313 Ivan Mak III-2

314 III-3

315 MHKIS(GP) AAPI MSc(RE) 10 III-4

316 ,750, ,420, ,450, ,220, ,840, ,840,000 III-5

317 ,750, , , % ,200, S/KC/ ,690 3,840 III-6

318 ,420, , , % ,800, S/KC/ ,690 3,840 III-7

319 ,450, , , % ,200, S/KC/ ,640 3,780 III-8

320 ,220, , , % ,168, , S/KC/ ,640 3,780 III-9

321 , , , ,980, ,000 III-10

322 (a) 27(2) (b) 2. (a) (i) (ii) IV-1

323 (iii) (i) (ii) (iii) (iv) (v) (iv) IV-2

324 (30) (v) (vi) (vii) 20 IV-3

325 (14) 20 (b) (i) IV-4

326 (aa) (bb) (cc) (6) (dd) (ee) (ff) (ii) (a) IV-5

327 (b) (iii) (iv) (v) IV-6

328 (vi) (vii) 622 IV-7

329 (viii) (aa) IV-8

330 (bb) (cc) (dd) (ee) (c) (d) (e) (i) IV-9

331 (15) (ii) IV-10

332 (iii) (15) (18) (iv) (21) (20) (14) (10) (aa) (bb) (cc) (dd) (ee) IV-11

333 (ff) (20%) (gg) (v) (vi) (f) IV-12

334 (21) (g) (i) (ii) IV-13

335 (a) (b) (h) (2) IV-14

336 (i) 3(f) (j) (i) (ii) (k) IV-15

337 3. (a) (b) (a) (b) (c)37 (d) (e) (c) IV-16

338 (d) IV-17

339 (e) (f) (a) (b) (c) (a) (b) (c) (d) (g) IV-18

340 (h) (i) (ii) (iii) (i) (j) 6 (1) (2) 20 IV-19

341 (k) (l) (m) (n) (o) (60) (p) (a) (b) (c) IV-20

342 21 (q) (75%) IV-21

343 (r) (4) (90%) (4) (2) (1) (s) 4. IV-22

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345 (f) 3. (a) (b) 9,962,000, ,000 38,000, ,000,000 10,000,000,000 (c) (i) (ii) 11,199, ,119,971,570 (iii) D. (iv) (1) (2) V-2

346 (3) (4) 20% (I) (II) (III) (v) (i) (ii) 10% (I) (II) (III) (vi) 10% V-3

347 (a) (i) 10% V-4

348 (ii) (iii) (b) 1,400,000, ,000,000 (c) V-5

349 (d) (e) % V-6

350 B. 1. (a) A B (b) 24,000 2,000,000 (c) (d) 2, , (e) 400, ,000 (f) B A B A (g) 2,000, , , , , ,000 A (h) V-7

351 28,429,000 A 28,429 (i) (j) E. 1. (k) 2. (a) AB AB 29,35,39, N/ N/ N/ V-8

352 (b) jettfoods.com.hk jettfoods.com winningtower.hk wtgl.hk C. 1. (a) A. XV XV 7 8 V-9

353 (i) (ii) 6, % 5, % % % (b) XV % 1,050,000,000 75% 24.53% 24.53% 23.22% 19.02% 4.75% 2.87% 1.08% V-10

354 2. 3. (a) (b) 4.1 (c) 1,440,000 1,404, , , , , , , ,000 (d) V-11

355 (a) A. XV % (b) XV XV (c) E. 6. (d) E. 6. V-12

356 (e) E. 6. (f) 5% (g) (h) D. 1. V-13

357 (a) (b) (c) (d) (e) (f) (g) (h) V-14

358 (a) (b) (d) 1.00 (c) (i) (ii) V-15

359 12 1% 12 1% (d) (i) (ii) (iii) (e) (i) 10% 1,400,000, ,000,000 10% V-16

360 (ii) 10% 10% (iii) 10% (iii) (iv) 30% (f) (g) (h) V-17

361 (i) (i) (ii) (iii) (iv) (e) (c) (j) V-18

362 (k) (i) (h) (2) (ii) (h) (l) (m)(v) V-19

363 (m) (i) (ii) (h) (l) (iii) (j) (iv) (k)(i) (v) (vi) (k)(ii) (vii) (g) (viii) V-20

364 (n) (o) (p) (q) V-21

365 23 (r) 12 (i) 0.1% (ii) 5 V-22

366 (i) (ii) (iii) 23.04(1) (2) (3) (s) (i) (ii) 10% (iii) E. 1. B. V-23

367 1. (a) (b) (i) (a) (ii) (a) (iii) (a) (iv) (a) (b) V-24

368 (c) (d) (e) (a) A , V-25

369 E A 44B 9. Conyers Trust Company (Cayman) Limited V-26

370 10. (i) (ii) (iii) 11. (a) (b) (c) 12. Vistra Corporate Services Centre, Wickhams CayII, Road Town, Tortola, VG1110, BVI 24.53% 24.53% 23.22% 19.02% 4.75% 2.87% 1.08% V-27

371 13. (a) (i) (aa) (bb) (cc) (dd) (ee) (ii) 12 (iii) E. 6. (aa) (bb) (iv) (v) V-28

372 (vi) (vii) (viii) L 4 V-29

373 (a) (b) E. 7. (c) B. 1. (d) E A (a) (b) (c) (d) (e) D. (f) (g) (h) (i) B. 1. (j) E. 7. (k) VI-1

374 (l) (m) VI-2

375 Winning Tower Group Holdings Limited

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