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1 Infinity Global Corporation Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) GEM

2 [ ] Infinity Global Corporation Limited [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 1% % 0.005% 0.01 [ ] [ ] [ ] [ ] [ ] C [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]

3 G E M GEM GEM GEM GEM GEM GEM i

4 [ ] ii

5 [ ] iii

6 [ ] iv

7 [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [][] [][] [ ] [ ] GEM i ii v [ ] [ ] [ ] v

8 [ ] [ ] I II III IV V VI-1 vi

9 s [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] % % % % 328, , , , , , , , , , , ,

10 % % % % 437, , , , , , , , , , , , % % % % 221, , , , , , , , , , , , , , , , (1) 2, , , , , , (1) 2

11 U % % % % 5, , , , , , , , , , , , (1) , , , , (1) CEPA CEPA FIATAIATA WCAEGLNCATA CIFANAP PPL 3

12 (1) (2) 22.0% 26.8% 26.4% 8.5%11.8% 14.1% [ ] (i) (ii) 45.9%49.2% 45.2% 17.9% 24.6% 26.6% [ ] 4

13 [ ] [ ] %0.2% 0.2% [ ] 1,300 2,200 35,000 [ ] [ ] Intelligence Group [ ] [ ] [ ]% [ ] 5

14 [ ] [ ] 448, , , ,928 82, ,731 28,445 29,652 20,095 30,497 9,019 4,527 [ ] 18,030 20,959 20, , , , , ,636 85,972 8,859 31,154 37,360 26,275 51,278 57,412 [ ] 6

15 22,462 (1,139) 15,857 26,285 (673) (9,382) (3,578) 6,285 (17,041) 5,318 (6,773) (24,234) 4,748 (5,203) 5,506 8,336 (428) ,443 19,763 19,763 14,894 19,763 14,894 25,269 23,735 [ ] % 97.5% 46.9% 88.7% 68.5% 5.5% % 16.0% 76.5% 59.5% 7

16 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 8

17 [ ] [ ][ ][ ] [ ][ ][ ][ ] [ ] [ ] [ ] [ ] [ ] (i) [ ]% [ ] (ii) [ ]% [ ] (iii) [ ]% [ ] (iv) [ ]% [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (i) [ ] [ ] (ii) [ ] [ ] [ ] [ ] [ ] 9

18 [ ] [10.0] [ ] (1) [ ] [ ] [ ] [ ] [ ] [ ] (2) [ ] [ ] (3) [ ] [ ] (1) [ ] (2) [ ] [ ] [ ] (3) [ ] [ ][ ] [ ] [ ] (4) [ ] [10] [ ][ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] 10

19 [ ] [ ] Advance Strategy Advance Strategy Holding Limited [ ] [ ] [ ] [ ] [ ] 11

20 [ ] CEPA [ ] [ ][ ] GEM[ ] 12

21 GEM Intelligence Group GEM 15 [ ] 15. [ ] EGLN Elite Global Logistics Network 28 [ ] FIATA 40,000 13

22 GEM GEM GEM GEM [ ] [ ] [ ] IATA 14

23 GEM Infinity Group Global Infinity Group Global Limited Intelligence Group Intelligence Group Limited [ ] [ ] 3. 15

24 [ ] [ ] [ ] [ ] [ ] NAP Neutral Air Partner OFAC [ ] 16

25 [ ] [ ] PPL Pacific Power Logistics 120 [ ] 17

26 [ ] [ ] [ ] [ ] 3. 18

27 [ ] [ ] 14. [ ] Lego Corporate Finance Limited 6 19

28 [ ] [ ] WCA World Cargo Alliance 190 [ ] Yeuking Holding Yeuking Holding Limited % [ ] 1. GEM [ ] 20

29 * 21

30 [ ] [ ] (i) (ii) (iii) (i) (ii) (iii) 22

31 1,000 23

32 [ ] [ ] [ ] 24

33 [ ] GEM [ ] [ ] [ ] [ ] 25

34 [ ] [ ] [ ] 26

35 [ ] [ ] [ ] 27

36 [ ] [ ] [ ] 28

37 [ ] [ ] [ ] 29

38 [ ] %74.1% 74.0% 73.1% 30

39 31

40 50% 45.8%49.2% 45.2% [ ]

41 [ ] % 96.7%95.4% 96.6% IATA (i) (ii) 33

42 [ ] 34

43 (i) (ii) (iii) (iv) [ ] 35

44 (i) (ii) [ ] (i) (ii) (iii) [ ] 1,000 10,000 36

45 [ ] %0.2%0.2% [ ] [ ] [ ] 37

46 [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] (i) [ ] [ ] (ii) [ ] [ ] [ ] [ ] [ ] [ ] 8. 38

47 [ ] 39

48 (i) (ii) (iii) % % 40

49 1,300 2,200 35,000 [ ] 41

50 42

51 SARS (H1N1) (H5N1) MERS 43

52 1% 2% [ ] 44

53 [ ] [ ] 10% 20% 45

54 25% 5% 5% 46

55 [ ] [ ] 47

56 GEM (i) (ii) [ ] [ ] [ ] [ ] (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 48

57 724 [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 49

58 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 50

59 [ ] Tung Tau Tsuen Ha Tsuen House C, Heather Villa E 7 6 C A 7 Bin Tong Park Singapore [ ] 51

60 [ ] [ ] [ ] [ ] [ ] [ ] (510623) [ ]

61 [ ] (518026) 1006 A [ ] [ ] 53

62 GEM P.O. Box 309, Ugland House Grand Cayman KY Cayman Islands ACS, ACIS

63 [ ] [ ] [ ] [ ] [ ] 55

64 [ ][ ][ ] [ ] [ ] [ ] 400,000 3,500 3, % 1.0% 3,688 56

65 % 1.0% % 57

66 % 5.3% % % % 4.5% % 6.0% % % % 5.9% -0.2% 6.0%

67 % 40% % 59

68 % 5.1% % 8.2% 7.5% 6.9% 14.1% 4.9% % 75% % 1.5% 3.4% 0.01% 14.1% 7.8% % 1,089 1, % 1, % 60

69 % 5.3% 1.6% 2.7% 2.6% 3.3% %

70 % % % 22.6% % 22.6% 19.5% 18.7%

71 % 75% % 23.4% 26.6% 21.2% 30.0% 21.7% % 0.8% = % 0.9% = % 0.2%

72 80% (i) (i) ,300 2,200 30, % 35,000 64

73 0.20% 65

74 (a) (b) (c) (d) 31 66

75 500 1A 18(1) (i) (ii) (iii) (iv) 462 (i) (ii) (iii) 3(2) 3(4)

76 4(1) 4(2) (i) (ii) C 1, , , A 68

77 250, E 18(1) 500,000 2,000,000 18A(1) (i) (ii) (iii) 500,000 2,000,000 35A(1) (i) (ii) (iii) (iv) (v) (vi) 500, ,000 2,000,

78 A (a) (b) (c) (d) (e) 6A 500, , (a) (b) 70

79 (c) (d) (e) 200, , , ,000 CEPA CEPA CEPA (i) (ii) (iii) CEPA CEPA (1) 71

80 51C A (i) (ii) (i) (ii) (iii) (iv) ,000 72

81 73

82 74

83 0.05% 75

84 10,000 50,000 76

85 50%

86 [ ] CEPA FIATA IATA CEPA 78

87 380,000 38,000, Intelligence Group Intelligence Group Yeuking Holding Advance Strategy Intelligence GroupYeuking Holding Advance Strategy 70%20% 10% Infinity Group Global 50, Infinity Group Global Infinity Group Global 79

88 Infinity Group Global Infinity Group Global 200, , ,000 68% 112, % 1,000,000 1,000, % 22.5% 100,000 75, % 25, % 75,000 25,000 10% % 2.5% 70%20% 10% 700, , ,

89 CEPA 650,000 1,380, % (1) 22.5% (2) 100% 100% (1) 100,000 75, % (2) 100,000 25, % 81

90 [ ] % 2.5% 100,000 75,000 25,000 75,000 25, % 2.5% 70%20% 10% 2. Advance Strategy Holding Advance Strategy Holding Advance Strategy 3. Intelligence Group Intelligence Group Intelligence Group 4. Yeuking Holding Yeuking Holding Yeuking Holding 5. [ ] Intelligence GroupYeuking Holding Advance Strategy 70%20% 10% 6. Infinity Group Global Infinity Group Global Infinity Group Global 82

91 7. Infinity Group Global , , , Infinity Group Global 83

92 [ ] 100% Intelligence Group 70% 100% Yeuking Holding 20% 100% Advance Strategy 10% 100% Infinity Group Global 100% 100% 100% (1) [ ] 84

93 [ ] [ ] [ ] 100% 100% 100% Intelligence Group % Yeuking Holding % Advance Strategy % % 100% Infinity Group Global 100% 100% 100% (1) 85

94 18 % % % % 328, , , , , , , , , , , , CEPA CEPA 86

95 FIATAIATA WCAEGLNCATA CIFANAP PPL

96 (i) (ii) (iii) % % 5,500 88

97 CEPA CEPA 1,242 1, % [ ] 89

98 5,000 (i) (ii) X [ ] [ ] (i) (ii) (iii) [ ] (i) (ii) 15 [ ] [ ] [ ]% (i) (ii) (iii) X 90

99 (iv) (v) [ ] [ ][ ] [ ]% (i) (ii) [ ] [ ] [ ] [ ]% (i) (ii) [ ] 91

100 (1) (2) % % % % 328, , , , , , , , , , , ,

101 73.2%76.3%73.6% 67.9% 26.8% 23.6%26.4%31.8% [ ] % % % % 437, , , , , , , , , , , , %98.5%97.7%97.7% 2.5% 1.5%2.3% 2.3% [ ] % % % % 221, , , , , , , , , , , , , , , , (1) 2, , , , , , (1) 93

102 95.5%96.7%95.4% 96.6% [ ] % % % % 5, , , , , , , , , , , , (1) , , , , (1) 90.7%87.7%88.0% 81.4% [ ] (i) (ii) 94

103 %76.3% 73.6% 67.9% 15,43924,1566,2165, [ ]

104 4,405 6,693 2,783 10,008 22,107 4,823 (i) IATA 5% 30 (ii) 96

105 %23.6%26.4% 31.8% 24,690 24,631 8,208 7,776 97

106

107 99

108 100

109 11 EGLN PPL NAP (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) 101

110 % % % % (1) 355, , , , (2) 91, , , , (3) 1, , , , , , , (1) (i) (ii) (2) (3) 102

111 22.0%26.8% 26.4% 8.5%11.8% 14.1% 2 14 (%) 1. A 38, B 22, C 14, D 12, E 10,

112 (%) 1. A 76, F 29, D 28, B 23, G 16, (%) 1. A 24, B 9, D 5, E 3, H 3,

113 (i) (ii) 5% G G G %2.5% 1.6% G %0.2% 0.2% (i) (ii) (iii) % 105

114 F F F , F 177, F %0.2%0.2% (a) (b) (c) [ ] (d) (i) 106

115 (ii) [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 107

116 [ ] [ ] [ ] 108

117 (i) (ii) 450 [ ] 45.9%49.2% 45.2% 17.9%24.6% 26.6% 109

118 (%) 1. A 65, B 52, C 24, D 13, E 11, (%) 1. A 133, B 76, C 22, D 18, F 16,

119 (%) 1. A 38, G 7, F 6, H 6, C 6, (i) (ii) 5% B B B %14.0% 3.2% B 40, , %0.2% 0.01% (i) (ii) %6.2% 5.8% 111

120 30 12 (i) (ii) (i) (ii) 112

121 1,300 2,200 35,000 [ ] Virgin Atlantic Cargo Polar Air Cargo Air New Zealand Cargo Top Performer Virgin Atlantic Cargo Most Active Sales Award Global Logistics Network Rising Star Award 113

122 Neutral Air Partner Elite Global Logistics Network Pacific Power Logistics World Cargo Alliance

123 [ ] , % 115

124 % 0.3% [ ] , , , , Nina Tower Property (i) Nina Tower Property (ii) 116

125 SOHO , , A (1) , , ,454.0 (2) , H , D , , B (3) 17,

126 (1) 3 (2) (3) 3 (i) 3 (ii) 3 (iii) 3 (iv) (v) (i) 2 (ii) (iii)

127 1,000 10,000 [ ] [ ] CEPA (1) 119

128 (1) [ ] 120

129 300,000 [ ] GEM (i) (ii) 121

130 [ ] (iii) [ ] GEM (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) GEM 122

131 [ ] Intelligence Group [ ] [ ] [ ]% [ ] GEM (a) (b) (c) 123

132 (d) (e) (a) (b) (c) (d) (e) (f) 124

133 [ ] [ ] [ ] (a) [ ] (b) GEM (a) (i) (ii) (b) GEM 125

134 (a) (i) (ii) (b) (i) (ii) (a) 20 (iii) (b)(ii) 20 (iv) 126

135 (a) (b) (i) 10% (ii) 5% (i) [ ] (ii) (iii) 30% [ ] 30% 30% GEM (a) [ ] GEM GEM 127

136 (b) (c) GEM (d) (e) (f) (g) (h) (i) (j) 128

137 129

138

139 Van Ommeren Air (HK) Limited 44 Infinity Group Global 131

140 26 47 Infinity Group Global 13 Cable & Wireless HKT Limited Fujitsu Australia Limited

141 SDM Group Holdings Limited

142 18 Deloitte &Touche Financial Advisory Services Pte Ltd. CFO (HK) Limited GEM 8245 Ernst & Young Solutions LLP True Fitness Holdings (Singapore) Pte Ltd. (i) [ ] (ii) (iii) [ ] [ ] 9. XV GEM 17.50(2)(h) (v)

143 BCK Cargolux Airlines International S.A. World Name Logistics (H.K.) Limited Geodis Overseas Limited Rhenus Logistics Asia-Pacific Limited IFB Air Service Limited University of Strathclyde AFS International (HK) Limited AFS-VISA International (HK) Ltd JCCTA Logistics Services Ltd. 135

144 GEM 8442 GEM C.3.3 C.3.7 GEM B

145 A.5.1 A

146 3.7 [ ] A.2.1 [ ] [ ] 14. GEM 6A.19 GEM 6A.23 (a) (b) (c) [ ] [ ] [ ] (d) GEM [ ] [ ] GEM

147 [ ] [ ] [ ] XV % [ ] [ ] [ ] (1) (1) Intelligence Group (3) 70 (L) 70% [ ](L) [ ]% Yeuking Holding (4) 20 (L) 20% [ ](L) [ ]% Advance Strategy (5) 10 (L) 10% [ ](L) [ ]% (2) (3) 70 (L) 70% [ ](L) [ ]% (4) 20 (L) 20% [ ](L) [ ]% (2) (5) 10 (L) 10% [ ](L) [ ]% (1) L (2) (3) [ ] [ ] [ ] Intelligence Group [ ]% Intelligence Group Intelligence Group (4) [ ] [ ] [ ] Yeuking Holding [ ]% Yeuking Holding Yeuking Holding (5) [ ] [ ] [ ] Advance Strategy [ ]% Advance Strategy Advance Strategy 139

148 10,000,000, ,000,000.0 [ ] [ ] [ ] 100 [ ] 1.0 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 100 [ ] 1.0 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (i) (ii) 140

149 GEM 11.23(7) [ ] GEM[ ] 25% [ ] [ ] 25% [ ] [ ] [ ] [ ] (i)(ii) (iii) (iv) (v) [ ] [ ] [ ] [ ] 3. [ ] [ ]

150 [ ]

151 [ ] [ ] [ ] [ ] [ ] 143

152 [ ] GEM 2.1 [ ] 144

153 % 145

154 [ ] [ ] [ ]

155 [ ] 2.4 (i) (ii) (iii) [ ]

156 [ ]

157 [ ] 448, , , ,928 (366,757) (541,635) (131,009) (146,276) 82, ,731 28,445 29, (387) 942 1, (57,001) (69,997) (19,043) (24,909) 25,448 37,018 10,871 5, (576) (596) (195) (260) (139) (527) (191) (253) 25,309 36,491 10,680 5,580 (5,214) (5,994) (1,661) (1,053) 20,095 30,497 9,019 4,

158 % % % % 328, , , , , , , , , , , , % (i) A (ii) % A

159 F 14,689 23,372 6,018 5, ,439 24,156 6,216 5, % % % % 151

160 TEU TEU TEU TEU 24,203 24,159 8,094 7, ,690 24,631 8,208 7,776 % % % % 437, , , , , , , , , , , , % % % % 221, , , , , , , , , , , , , , , , (1) 2, , , , , , (1) 152

161 % % % % 5, , , , , , , , , , , , (1) , , , , (1) % A % 97.5 A % A % 40.6 F F 153

162 % % % % 355, , , , , , , , (1) 1, , , , , , , (1) 79.3%84.4%81.9% 83.1% % % % [ ]

163 % % % % (1) 267, , , , (2) 49, , , , (3) 24, , , , (4) 18, , , , , , , , , , , , (1) (2) (3) (4) % (i) % (ii) % (i) (ii) 155

164 % % % % 278, , , , , , , , , , , , % % % %

165 %16.3%17.8% 16.9% % % % % 49, , , , , , , , , , , , % % 16.3% % % 16.9% % % 14.3% A % % 157

166 13.6% % % 22.5% % % 23.2% 37.1% 32.9% %

167 (i) (ii) % % % % 35, , , , , , , , , , , , , , , , , [ ] [ ] [ ] [ ] [ ] 4, , , , , , , , (i) (ii) (iii) (iv) (v) (vi) (vii)[ ] 159

168 % 70.0 (i) %(ii) % (a) (b) (iii) (iv) [ ] [ ] % 24.9 (i) %(ii) %(iii) [ ][ ] % % 25.0% % 16.4% % 18.9% [ ] 160

169 % % 4.5 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (i) [ ] [ ] (ii) [ ] [ ] [ ] [ ] [ ] [ ] 161

170 [ ] 22,462 (1,139) 15,857 26,285 (673) (9,382) (3,578) 6,285 (17,041) 5,318 (6,773) (24,234) 4,748 (5,203) 5,506 8,336 (428) ,443 19,763 19,763 14,894 19,763 14,894 25,269 23, (i) 30.4 (ii) (i) 42.8(ii)

171 (i) 36.5 (ii) (i) (ii) (iii) 0.7 (i) 2.7 (ii) 0.9 (iii) 1.7 (i) 2.2 (ii) (i) 6.1 (ii) 2.3 (iii) (i) 6.0 (ii) 0.2 (i) (ii) (iii) 163

172 17.0 (i) 11.3 (ii) 3.0 (iii) 2.2 (iv) (i) 9.8 (ii) 13.3 (iii) [ ] [ ] [ ] [ ] [ ] [ ] [ ] 164

173 , ,781 97, ,546 3,248 6, ,195 2,011 2,015 2,016 19,763 14,894 23,735 36, , , , ,028 75,718 84,188 54,390 60,961 18,296 13,296 24,772 36,704 26,914 38,063 3,314 4,448 4,668 7, , ,636 85, ,535 8,859 31,154 37,360 33,

174 94, ,555 86,514 9,678 9,076 8,052 [ ] [ ] [ ] 103, ,781 97, % % %

175 ,508 56,837 39, ,215 60,100 42, ,780 14,222 1, ,572 6,396 3,994 94, ,555 86, F F F 4.2 F 1.4 F

176 F % 96.3% ,794 2,572 2,663 2,915 2,572 2,725 3,040 1,881 2,027 1,506 1, ,678 9,076 8, %

177 % ,371 75,443 48,284 3,047 5,696 3,573 1,300 3,049 2,533 75,718 84,188 54, % %

178 ,420 24,817 16, ,339 47,838 29, , , ,371 75,443 48, % 99.3% 98.9%

179 % 5.7 (i) (ii) % 3.6 [ ] % 3.0 (i) [ ] [ ] (ii) 0.4 (iii) ,772 30,031 17,303 28,986 4,000 4,000 8,000 8,000 2,673 1,611 1,076 24,772 36,704 26,914 38, (i) (ii) (iii) 171

180 (iv) (v) [ ] [ ] 14,387 10,304 3,909 2,992 18,296 13,296 [ ] (i) 28.9 (ii) 8.0 (iii) (i) (ii) (iii) (iv) (v) 172

181 [ ] (i) 3.0 (ii) [ ] [ ] [ ] [ ] 173

182 [ ] 32 7,324 6,271 6,062 4,095 5,123 7,194 11,419 11,394 13,256 1,491 1,579 6,354 6,796 4,980 4,684 12,825 13,059 [ ] 12 [ ] 174

183 [ ] % 97.5% 46.9% % 68.5% 5.5% % 16.0% % 59.5% (1) (2) 100% (3) 100% 175

184 (4) (5) 100% (6) 100% % 97.5% 97.5% 46.9% 88.7% 68.5% 68.5% 5.5% (i) (ii) (iii) [ ] 176

185 13.5% 16.0% 76.5% 59.5% %74.1% 73.2% 5%10% 15% 5% (13,385) (20,077) (5,349) 5% 13,385 20,077 5,349 10% (26,771) (40.155) (10,699) 10% 26,771 40,155 10,699 15% (40,156) (60,232) (16,048) 15% 40,156 60,232 16,

186 9.5% 9.1% 5.2% [ ] [ ] [10.0] 178

187 GEM GEM GEM 7.31 [ ] [ ] [ ] [ ] [ ] 179

188 [ ] [ ] 180

189 [ ] [ ] [ ] [ ] [ ] [ ] 181

190 X [ ] [ ] [ ] [ ] [ ] [ ] 182

191 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 183

192 [ ][ ][ ] [ ][ ][ ][ ] [ ] [ ] [ ] [ ] [ ] (i) [ ]% [ ] (ii) [ ]% [ ] (iii) [ ]% [ ] (iv) [ ]% [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 184

193 [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] GEM [ ] [ ] [ ][ ] 185

194 [ ] [ ] [ ] (i) [ ] [ ] [ ] GEM [ ] (ii) [ ] [ ] [ ] [ ] (iii) [ ] [ ] [ ] [ ] [ ] 186

195 (iv) [ ] 187

196 [ ] 188

197 [ ] 189

198 [ ] 190

199 [ ] 191

200 [ ] 192

201 [ ] 193

202 [ ] 194

203 [ ] 195

204 [ ] 196

205 [ ] [ ] [ ] [ ] GEM 6A.19 [ ] [ ] GEM 6A

206 [ ] [ ] 198

207 [ ] [ ] 199

208 [ ] [ ] 200

209 [ ] [ ] 201

210 [ ] [ ] 202

211 [ ] [ ] 203

212 [ ] [ ] 204

213 [ ] [ ] 205

214 [ ] [ ] 206

215 [ ] [ ] 207

216 [ ] [ ] 208

217 [ ] [ ] 209

218 [ ] [ ] 210

219 [ ] [ ] 211

220 [ ] [ ] 212

221 [ ] [ ] 213

222 [ ] [ ] 214

223 [ ] [ ] 215

224 [ ] [ ] 216

225 [ ] [ ] 217

226 [ ] [ ] 218

227 [ ] [ ] 219

228 [ ] [ ] 220

229 [ ] [ ] 221

230 I-1I-3 [ ] 200 [ ] [ ] I-4I-58 I-4 I-58 [[ ] ] GEM [ ] [ ][ ] I-1

231 I-2

232 GEM I-4 14 [ ] I-3

233 I (a) 6 448, , , , (366,757) (541,635) (131,009) (146,276) 82, ,731 28,445 29, (387) 942 1, (57,001) (69,997) (19,043) (24,909) 25,448 37,018 10,871 5, (576) (596) (195) (260) (139) (527) (191) (253) 25,309 36,491 10,680 5, (5,214) (5,994) (1,661) (1,053) 20,095 30,497 9,019 4, I-4

234 (1,725) 1, , (1,709) 1, ,607 18,386 32,003 9,705 6,134 I-5

235 (b) 15 6,298 3,247 2, ,917 8,052 8, ,517 4, , ,272 2, ,526 2,679 2,679 18,030 20,959 20, , ,781 97, ,248 6, (b) 4,195 2,011 2,015 26(a) 19,763 14,894 23, , , , , , , ,000 1,000 1, ,275 50,278 56,412 26,275 51,278 57,412 I-6

236 ,718 84,188 54, ,296 13, ,772 36,704 26,914 3,314 4,448 4, , ,636 85, , ,471 86, , , ,303 I-7

237 (c) 1,000 1,356 2,869 (399) 8,063 12,889 20,095 20, (10) 10 (1,725) (1,725) (1,725) 6 20,105 18, (5,000) (5,000) 1,000 (369) 2,869 (393) 23,168 26,275 30,497 30, (11) 11 1,136 1,136 1, ,508 32, (7,000) (7,000) 1, ,869 (34) 46,676 51,278 I-8

238 1, ,869 (34) 46,676 51,278 4,527 4, (5) 5 1,568 1,568 1, ,532 6, ,000 2,335 2,869 51,208 57,412 1,000 (369) 2,869 (393) 23,168 26,275 9,019 9, ,019 9, , ,869 (348) 32,187 35,980 I-9

239 (d) 33(a) 23,888 4,058 16,121 27, (576) (596) (195) (260) (1,287) (4,670) (73) (799) 22,462 (1,139) 15,857 26,285 (493) (2,661) (76) 123 (909) (2,250) (2,250) 580 (2,688) (6,058) (1,355) 5,972 2,200 1, ,185 (1,740) I-10

240 (673) (9,382) (3,578) 6, , ,662 45,783 48,075 (121,927) (141,730) (49,740) (57,865) (3,000) (5,000) (5,000) (13,296) (1,178) (3,798) (2,185) 2,184 2,184 (4) [ ] [ ] 607 (17,041) 5,318 (6,773) (24,234) 4,748 (5,203) 5,506 8,336 (428) ,443 19,763 19,763 14,894 19,763 14,894 25,269 23,735 I-11

241 II P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands [ ] Intelligence Group Limited Lee Yat Hin 1.2 GEM[ ] Advance Strategy Holding Limited Advance Strategy Holding Limited 1 Advance Strategy Holding Limited 100% Intelligence Group Limited Intelligence Group Limited 1 Intelligence Group Limited 100% Yeuking Holding Limited Yeuking Holding Limited 1Yeuking Holding Limited100% 380,000 38,000, Intelligence Group Limited69 Intelligence Group Limited20 Yeuking Holding Limited 10 Advance Strategy Holding LimitedIntelligence Group Limited 70 Yeuking Holding Limited 20 Advance Strategy Holding Limited 10 70%20% 10% Infinity Group Global Limited Infinity Group Global Limited 100 Infinity Group Global Limited 100% Infinity Global Logistics Limited Infinity Group Global Limited Infinity Global Logistics Limited 100 Infinity Global Logistics Limited 100% Infinity Group Global Limited I-12

242 Infinity Global Logistics Limited Infinity Global Logistics Limited Infinity Cargo Express LimitedICEL 700, , ,000 Infinity Global Logistics Limited 1,000,000 ICEL ICEL 70%20% 10%Infinity Global Logistics Limited ICEL ICEL 1,000,000 ICEL Infinity Group Global Limited % Infinity Global Logistics Limited % Infinity Cargo Express Limited ICEL 1,000, % 100% 100% 100% a a Infinity Cargo Logistics (China) Limited ICLCL 1,380, % 100% 100% 100% b b (a) (b) 1.3 [ ] ICEL ICLCL [ ] ICEL [ ] [ ] ICEL [ ] ICEL ICEL [ ] I-13

243 I-14

244 7,324 6,271 6,062 4,095 5,123 7,194 11,419 11,394 13, % (i) I-15

245 (ii) (a) I-16

246 (b) (c) (i) (ii) (iii) (d) 2.5 I-17

247 (a) 18 I-18

248 (b) I-19

249 (c) 9 12 (d) (i) (ii) (iii) 2.9 (a) 12 I-20

250 18 (b) I-21

251 (a) (b) (c) I-22

252 2.18 (a) (b) (c) I-23

253 2.21 I-24

254 (1) (i) (ii) (iii) (2) (i) (ii) (iii) (iv) (v) (vi) (1) (vii) (1)(i) 2.24 I-25

255 3 3.1 (a) 5% 21,000 90, ,000 (b) I-26

256 (i) 9 94,075, ,555,000 86,514,000 94,075, ,555,000 86,514,000 (ii) 8,171 7,540 7,674 3,248 6, ,419 13,644 7,806 I-27

257 (c) 10% 227, ,000 10% 129,000 19,000 (d) 72,510 72,510 72,510 18,296 18,296 18,296 24,772 24,772 24, , , ,652 78,255 78,255 78,255 13,296 13,296 13,296 36,704 36,704 36, , , ,537 50,704 50,704 50,704 26,914 26,914 27,116 77,618 77,618 77,820 I-28

258 (e) 25 (f) +1% 1% 1% (207) (306) (225) 1% ,289 1,289 I-29

259 ,272 2,272 2,464 2, ,226 2, ,772 36,704 26,914 18,296 13,296 (19,763) (14,894) (23,735) (4,195) (2,011) (2,015) 19,110 33,095 1,164 26,275 51,278 57,412 45,385 84,373 58,576 42% 39% 2% I-30

260 4 (a) 9 (b) (c) I-31

261 5 8, ,945 2, , ,910 2,649 31, ,332 57,366 1,120 (387) (32,214) (576) 25,309 (5,214) 20,095 6, ,901 2, , ,366 2,717 50, , , (40,182) (596) 36,491 (5,994) 30,497 I-32

262 2, , , , , ,141 19, ,272 (10,234) (195) 10,680 (1,661) 9,019 2, ,637 1,244 54, , , , , (14,995) (260) 5,580 (1,053) 4,527 I-33

263 222, ,395 71,686 97, , ,833 50,832 40,605 81, ,923 28,568 30,722 20,734 22,371 7,900 6,671 2,350 1, , , , ,928 1,544 1,394 1,052 12,671 14,422 15,014 14,215 15,816 16,066 10% A 76,345 24,790 10% I-34

264 6 328, , , , , ,912 42,090 55, , , , , , , , , (58) (58) (394) 782 1, (387) 942 1, I-35

265 (576) (596) (195) (260) (139) (527) (191) (253) , ,548 96, ,988 49,152 54,474 15,989 15,952 24,413 52,245 10,755 14,822 18,075 25,470 5,807 6,518 7,412 7,849 1,575 1, ,338 1, ,535 9,225 2,643 3, ,165 43,551 11,720 14,434 [ ] [ ] [ ] 12,128 14,527 3,980 4, , , , , ,803 37,362 9,714 11,668 4,342 4,575 1,341 1,658 1,020 1, ,108 35,165 43,551 11,720 14,434 I-36

266 (a) (b) ,230 2, ,266 2, ,000, ,000,001 1,500, (b) , ,206 I-37

267 , , I-38

268 (b) 5% 1,500 8% 21% 35% (c) (d) (e) 23 I-39

269 (f) % 25% 3,528 5,598 1,334 1,019 1, ,214 5,994 1,661 1,053 25,309 36,491 10,680 5, % 4,176 6,021 1, (117) (502) (251) (355) (20) (30) (147) (287) 6 (92) 5,214 5,994 1,661 1, I-40

270 14 5,000 7,000 ICEL 5,000,000 32(d) ICEL 7,000,000 32(d) 15 5,620 2,502 2,451 3,187 13,760 (741) (2,308) (2,042) (1,184) (6,275) 4, ,003 7,485 4, ,003 7, (120) (159) (202) (857) (1,338) (318) (1) (21) (2) (342) 4, ,144 6,298 5,249 2,708 2,657 3,162 13,776 (808) (2,464) (2,188) (2,018) (7,478) 4, ,144 6,298 4, ,144 6,298 1, , (4,451) (4,451) (68) (313) (201) (811) (1,393) , ,247 I-41

271 4,547 3,137 3,612 11,296 (2,782) (2,424) (2,843) (8,049) 1, ,247 1, , (240) (84) (217) (541) (19) (19) , ,870 4,607 3,305 3,273 11,185 (3,034) (2,566) (2,715) (8,315) 1, , ,917 8,052 8,453 I-42

272 17 4,451 (49) 115 4,517 4,567 (50) 4,517 4,517 (42) 268 4,743 4,839 (96) 4, ,484,000 4,751,500 I-43

273 18 1,289 1, , ,246 3,248 3,248 4,195 4,195 19,763 19, ,452 1, ,741 72,510 18,296 24, , ,272 2, , ,095 6,104 6,104 2,011 2,011 14,894 14, , , ,568 I-44

274 78,255 13,296 36, ,255 2,226 2,226 94,188 94, ,015 2,015 23,735 23, ,070 2, ,296 50,704 26,914 77, , I-45

275 20 2,272 2,226 ICEL A 1,054 1,124 1,124 B 1,472 1,555 1,555 2,526 2,679 2,679 B A A 10 B I-46

276 22 94, ,555 86,514 9,678 9,076 8,052 [ ] [ ] [ ] 103, ,781 97, ,508 56,837 39, ,215 60,100 42, ,780 14,222 1, ,572 6,396 3,994 94, ,555 86,514 50,887 55,342 39,684 41,928 48,451 43,840 10,938 42,988 13, , ,781 97,450 I-47

277 23. 3,051 5, ,248 6, ,387 10,304 3,909 2,992 18,296 13,296 4,162 6,539 6, ,371 75,443 48,284 3,047 5,696 3,573 1,300 3,049 2,533 75,718 84,188 54,390 I-48

278 1 30 [14,420] [24,817] [16,889] [55,339] [47,838] [29,683] , [686] [1,447] [821] [71,371] [75,443] [48,284] 40,396 54,603 25,539 32,626 27,672 26,192 2,629 1,913 2, ,718 84,188 54, (a) [20,772] [30,031] [17,303] (b) [4,000] [4,000] [8,000] (c) [ ] [2,673] [1,611] [24,772] [36,704] [26,914] [24,772] [36,704] [26,914] I-49

279 2.22% 2.42% 2.97% 1.27% 1.50% 2.03% 2.75% 2.75% 25,494,000 34,933,000 43,643,000 (a) (i) 11,315,000 12,448,000 10,997, (ii) (iii) 3,527,000 8,600,000 6,306, % 31 5,930,000 8,983, % 31 (b) (i) 4,000,000 4,000,000 4,000, (ii) 4,000, (c) 2,673,000 1,611, % (a) 19,763 14,894 23,735 I-50

280 5,519 4,839 7,690 9,230 3,436 9,500 4,568 6,209 6, ,763 14,894 23,735 (b) 4,195,000 2,011,000 2,015, ,011 2,011 2,015 2,184 4,195 2,011 2,015 4,468,000 3,370,000 2,548, % 25% I-51

281 (40) (40) ,318,000 15,148,000 14,710, I-52

282 29. (399) 8, ,869 1,315 11,889 20,095 20, (10) 10 (1,725) (1,725) 14 (5,000) (5,000) (393) 23, ,869 (410) 25,275 30,497 30, (11) 11 1,136 1, (7,000) (7,000) (34) 46, , ,278 4,527 4, (5) 5 1,568 1, , ,869 2,294 56,412 (393) 23, ,869 (410) 25,275 9,019 9, (348) 32, , ,980 I-53

283 (a) (b) (c) ICEL 4,000,000 4,000,000 8,000,000 8,000,000 4,000,000 ICEL 6,000,000 4,000,000 4,000,000 6,000,000 8,000,000 16,923,000 17,700,000 17,700,000 (i) (ii) (iii) (iv) (v) ICEL Infinity Cargo Logistic Limited 22,000,000 24,000,000 26,000,000 26,000,000 2,184,000 ICEL 20; 2,000,000 2,000,0002,000, ,590,000 16,098,000 12,760,000 (d) 15,650,000 15,500,000 15,500,000 (i) (ii) (iii) 2,011,000 2,011,000 2,015,000 26(b); 15,650,000 15,650,000 15,500,000 15,650,000 15,650,000 15,650,000 13,215,000 14,348,000 12,897,000 I-54

284 (e) 14,656,000 34,689,000 34,689,000 (i) (ii) 5,930,000 9,983,000 1,000,000 (f) 4,000,000 4,000,000 4,000,000 (i) (ii) 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 (g) 6,963,000 7,725,000 7,743, (a) 7,324 6,271 6,062 4,095 5,123 7,194 11,419 11,394 13,256 (b) 1,491 1,579 6,354 6,796 4,980 4,684 12,825 13,059 I-55

285 33. (a) 25,309 36,491 10,680 5,580 (153) 1,338 1, (192) (120) (27) (35) (7) (7) (104) (437) (69) (4) (7) ,802 38,389 11,395 6,410 (30,355) (42,801) 43,165 49,581 27,441 8,470 (38,439) (28,654) 23,888 4,058 16,121 27,337 (b) I-56

286 (c) 18,296 13,296 24,772 36,704 26,914 43,068 50,000 26,914 18,296 13,296 24,772 36,704 26,914 43,068 50,000 26,914 24,772 18,296 43,068 11,932 (5,000) 6,932 36,704 13,296 50,000 36,704 13,296 50,000 (9,790) (13,296) (23,086) 26,914 26,914 (d) 34. 3,822,000 3,202, I-57

287 380, ,000,000 I-58

288 [ ] [ ][ ] A. GEM 7.31 [ ] [ ] [ ] [ ] [ ] [ ] 57,412 [ ] [ ] [ ] [ ] [ ] 57,412 [ ] [ ] [ ] (1) [ ] 57,412,000 (2) [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] II-1

289 (3) [ ] [ ] (4) [ ] [10] [ ] [ ] [ ] [ ][ ] II-2

290 [ ] II-3

291 [ ] II-4

292 [ ] II-5

293 [ ] (852) (852) info@romagroup.com GEM[ ] III-1

294 GEM 8 III-2

295 7. BABusiness Admin in Act/Econ MSc (Real Est) MRICS Registered Valuer MAusIMM ACIPHE III-3

296 , % 27,400, a. b. c. III-4

297 1. [ ] ,000, ,000,000, (a) IV-1

298 (b) (c) (d) (e) (f) IV-2

299 GEM (i) (ii) (iii) (iv) (A) (B) IV-3

300 (v) (g) (h) IV-4

301 (i) (ii) (iii) 12 (iv) (v) IV-5

302 (vi) (vii) (i) (j) IV-6

303 2.5 (a) (b) (c) IV-7

304 GEM IV-8

305 GEM IV-9

306 (a) (b) 95% 2.11 IV-10

307 (a) (b) (c) (d) (e) (f) GEM IV-11

308 (a) IV-12

309 (b) 2.15 IV-13

310 IV-14

311 15% 14 15% 2.17 GEM IV-15

312 GEM IV-16

313 2.21 (a) 12 (b) (d) (c) 12 (d) 12 GEM IV-17

314 3. (a) (b) (c) 37 (d) (e) (f) IV-18

315 Foss v. Harbottle (a) (b) (c) 6. IV-19

316 7. 8. (a) (b) (c) IV-20

317 (a) (b) (a) (b) % IV-21

318 15. 90% (a) (b) (a) (b) (i) IV-22

319 (ii) 6(3) Maples and Calder (Hong Kong) LLP [ ] IV-23

320 1. P.O.Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands [ ] , ,000, [ ] (a) Intelligence Group (b) Intelligence GroupYeuking Holding Advance Strategy (c) 9,962,000, , ,000, ,000, ,000,000,000 [ ] [ ] [ ] [ ] [ ] 3. V-1

321 3. (a) (i) [ ] [ ] [ ] [ ] (ii)[ ] [ ] (iii)[ ] [ ] (iv)[ ][ ] (i) [ ] [ ] [ ] [ ] (ii) [ ] [ ] [ ] (iii) 9,962,000, , ,000,000.0 (iv) [ ] [ ] [ ] (v) [ ] [ ] [ ] [ ] [ ] 20% [ ] V-2

322 (vi) GEM [ ] [ ] 10% [ ] (vii) (viii) (b) (c) [ ] 4. [ ] [ ] [ ] [ ] 5. [ ] 6. [ ] V-3

323 (a) [ ] [ ] 10% [ ] (b) GEM (c) (d) GEM V-4

324 [ ] [ ] (e) GEM 26 25% GEM V-5

325 7. [ ] (a) 75,000 25, % 2.5% (b) 700, , ,000 (c) (d) (e) [ ] 8. (a) V-6

326 R (b) infinitycargo.com V-7

327 9. (a) [ ] [ ] [ ] [ ] XV XV GEM (1) (2) (3) [ ] (L) [ ]% (4) [ ] (L) [ ]% (2) (5) [ ] (L) [ ]% (1) L (2) (3) [ ] [ ] [ ] Intelligence Group [ ]% Intelligence Group Intelligence Group (4) [ ] [ ] [ ] Yeuking Holding [ ]% Yeuking Holding Yeuking Holding (5) [ ] [ ] [ ] Advance Strategy [ ]% Advance Strategy Advance Strategy V-8

328 (b) [ ] [ ] [ ] XV % (1) Intelligence Group (3) [ ] (L) [ ]% Yeuking Holding (4) [ ] (L) [ ]% Advance Strategy (5) [ ] (L) [ ]% (2) (3) [ ] (L) [ ]% (4) [ ] (L) [ ]% (2) (5) [ ] (L) [ ]% (1) L (2) (3) [ ] [ ] [ ] Intelligence Group [ ]% Intelligence Group Intelligence Group (4) [ ] [ ] [ ] Yeuking Holding[ ]% Yeuking Holding Yeuking Holding (5) [ ] [ ] [ ] Advance Strategy[ ]% Advance Strategy Advance Strategy V-9

329 10. [ ] [ ] 2,040 1, V-10

330 (a) [ ] [ ] (b) [ ] [ ] 14. (a) (i) (b) (ii) (b) (i) (ii) V-11

331 (iii) (c) (d) (i) (ii) (e) [ ] (f) [ ] (i) (ii) (iii) V-12

332 (i) 0.1% (ii) 5 GEM (g) (i) (ii) (iii) (1) (m) V-13

333 (h) (i) (ii) (iii) (1) 12 (2) (3) (4) (i)(vi) 30 (3) (4) (5) V-14

334 (6) 30 (7) (8) (9) GEM 10.18(3) V-15

335 (iv) (v) GEM (i) (i) (ii) (h)(iii)(1) (h)(iii)(7) (iii) (h)(iii)(8) (iv) (h)(iii)(9) V-16

336 (v) (vi) (1) (2) (3) 6 (4) (1)(2) (3) (5) (6) (vii) (h)(ii) (viii) (ix) V-17

337 (j) [ ] [ ] 10% 10.0% GEM GEM 30% 1% (j) (k) GEM 23 (k) (i) (d)(ii) V-18

338 (ii) (iii) (j) (l) (i) (ii) (iii) (iv) (l) (l) V-19

339 (m) (i) (ii) (iii) (iv) (m) (l) (n) GEM GEM (o) [ ] (i) (ii) [ ] [ ] [ ] [ ] [ ] (iii) GEM[ ] V-20

340 (p) 15. Intelligence Group (a) [ ] (b) [ ] [ ] (c) [ ] (a) (b) [ ] V-21

341 (i) [ ] (ii) [ ] [ ] (c) [ ] [ ] (d) 0.2% 16. [ ] [ ] GEM 6A.07 V-22

342 17. [ ] GEM Frost & Sullivan Limited [ ] 19. [ ] 20. [ ] GEM 22. 3,930 V-23

343 23. [ ] [ ] 44A 44B 24. [ ] 32L 4 [ ] 24. (a) [ ] [ ] (i) (ii) (iii) [ ] (b) [ ] (c) (d) (e) (f) [ ] 12 V-24

344 [ ] (i)[ ] [ ] (ii) [ ] 18. (iii) [ ] 7. [ ] (i) (ii) (iii) (iv) [ ] (v) [ ] (vi) [ ] (vii) [ ] 7. (viii) [ ] 10. (ix) [ ] 18. (x) (xi) (xii) VI-1

345 (xiii) (xiv) VI-2

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