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1 Tao Heung Holdings Limited *

2

3

4 002 Cricket Square, Hutchins Drive, P.O. Box 2681 Grand Cayman KY Cayman Islands 18 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House, 24 Shedden Road, George Town, Grand Cayman KY1-1110, Cayman Islands FCCA, FCPA (UBS AG) 573

5 003 % 4,055,809 3,576, % 299, , % 15.6% 15.6% 1 7.4% 7.1% 4.2% % % % % 2,319,447 1,950, % 1,577,115 1,395, % 421, , % 2 346, , % (16.7%) (20.0%) 5 4.8% 1.6% 200.0% % % ,021,611,0001,017,293, ,021,611,0001,017,293,000

6

7 %

8 %

9 007 (VTC) 43,000,000 VTCVTC VTC

10

11 %4,056,000, ,000, % 614,000, ,000, %255,000,000

12 010 2,990,000, % 24.1% 423,000, % 5.6% 234,000, %179,000,000 20%100%

13 011 1,066,000, % 2.3% 191,000,000 65,000,000 76,000, ,000,000

14 012 1,000 1,100 1,000 1, % 224,000,000 80,000, % 2,319,000,000 1,951,000,000 1,577,000,000 1,396,000, ,000,000 74,000, ,000, % 1.6% 450,000,000 88,000,000

15 013 28,000,000 26,000,000 9,312 4,530,000 4,318,000 12,000,000 20,000,000 11,000,000

16 014 12%60% 200

17 DEC University of Warwick 51 25

18 University of Wolverhampton

19 Queen s University Redgate Media Group Redgate Media Group 57 Chabot College Curtin University of Technology 44 Monash University 16

20

21 A.2.1

22 /4 4/4 4/4 4/4 4/4 4/4 4/4 1/1 4/4 2/2 1/1 4/4 2/2 1/1 4/4 1/2 1/1 4/4 2/2 1/1 3/4 1/1 97.9% 87.5% 100.0% 100.0%

23

24 022 B.1.5 1,000, ,700 3, ,917 3,217

25

26 ,340, ,470, (i) (ii) (i) (ii)

27 (a) 15,190,000 50%350,000 4,318,

28 ,000 (320,000) 560,000 (560,000) 8,318,000 (3,438,000) (350,000) 4,530,000 9,198,000 (4,318,000) (350,000) 4,530,000 (b) (i) (ii)(iii) 34(b) ,462,00069,470, ,747,000

29 ,251 30% 35.0% 15.3% 5% 87(1) 3.13

30 % 8 31

31 029 XV 352 (a), (d) 12,174, ,355, ,529, (b) 5,522, ,283, ,805, (c) 56,795,068 56,795, , , , , ,000,000 2,000, , , (a) (b) (c) (d) 378,355,689 Billion Era International Limited 5,522,679103,283,124 Joy Mount Investments Limited Whole Gain Holdings Limited 12,174,222 XV

32 % Billion Era International Limited (a) 378,355, Joy Mount Investments Limited (b) 103,283, Perfect Plan International Limited (c) 102,053, Value Partners Limited (d) 71,462, Whole Gain Holdings Limited (e) 56,795, (a) (b) (c) (d) (e) Billion Era International Limited Joy Mount Investments Limited Perfect Plan International Limited Value Partners Limited Whole Gain Holdings Limited XV 33

33 031 4,000 14A.3 25%

34

35

36 ,055,809 3,576,099 (3,424,213) (3,016,631) 631, , ,949 33,395 (85,174) (92,781) (190,850) (169,088) (708) (8,682) 6 (604) (461) (1) 7 381, , (77,220) (63,094) 303, , , ,956 4,789 3, , ,

37 , ,757 13,495 21, , , , ,795 5,280 4, , ,948

38 ,277,595 1,031, ,330 19, ,390 8, ,569 38, ,587 3, ,087 2, ,621 62, ,043 94,278 16,756 38,148 1,648 1,586,978 1,300, , , ,305 9, ,323 25, ,190 82, , ,052 11, , , , , , , , , , ,485 21, ,769 26, , ,457 15, ,910 1,602,410 1,423,398

39 ,623 11, ,198 15,654 25,295 27,666 1,577,115 1,395, , ,729 34(a) 1,386,453 1,209, ,470 67,141 1,558,084 1,378,503 19,031 17,229 1,577,115 1,395,732

40 038 34(a) 34(a) 101, , ,748 21,136 19, , ,729 64,017 1,228,348 2,898 1,231, , ,956 3, ,757 20,839 20, ,191 20, , ,795 4, , ,945 (2,228) 1,832 1, ,019 1,019 1, (277) ,394 12, (1,358) (1,358) (176) (1,534) (2,040) (2,040) 12 (49) (64,017) (64,066) (64,066) 12 (63,067) (63,067) (63,067) 12 (67,141) 67, , ,471* 110,748* 19,778* 17,720* 9* 59,202* 681,705* 67,141 1,378,503 17,229 1,395,732

41 039 34(a) 34(a) 101, , ,748 19,778 17, , ,705 67,141 1,378,503 17,229 1,395, , ,199 4, ,988 13,004 13, ,495 13, , ,203 5, , ,749 (8,315) 6,866 6, (675) (8,722) (8,722) (1,286) (10,008) (2,192) (2,192) 12 (285) (67,141) (67,426) (67,426) 12 (63,340) (63,340) (63,340) 12 (69,470) 69, , ,220* 110,748* 11,056* 8,730* 9* 72,206* 848,484* 69,470 1,558,084 19,031 1,577,115 * 1,386,453,000 1,209,633,000

42 , ,851 5 (1,865) (3,808) 5 (3,850) (920) (269) (8,450) ,842 7 (1,845) , , , , , ,118 (6,439) (18,067) (37,795) (67,884) (6,219) 3,069 (492) (337) 4,392 (14,115) 63,499 31,477 54,918 28, , ,363 (586) (458) (41,643) (27,065) (23,865) (19,091) 615, ,749

43 041 (432,865) (284,100) (16,756) (38,148) (45,451) 35 (38,392) 36 (10,008) (5,272) 71,057 (71,057) ,334 (138) 19,286 1,865 3,808 50,000 1,648 2,794 (435,603) (344,475) 32 6,866 1,832 74,000 52,000 (21,383) (41,405) (157) (172) (18) (3) (130,766) (127,133) (2,192) (2,040) (60) (886) (73,710) (117,807) 106,149 (20,533) 311, ,655 3,550 (677) 421, , , ,445

44 , , , , , , ,259 1, , , , , , ,729 34(b) 775, , ,470 67, , ,758

45 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands18 2.1

46 (i)(ii) (iii) (i) (ii)(iii)

47

48 %

49

50 (a) (i) (ii) (iii) (b) (i) (ii) (iii)

51 (b) (iv) (v) (vi) (a) (vii) (a)(i) 2% 5% 10% 33 1 / 3% 20% 33 1 / 3% 20% 25%

52

53 (a)(b)

54

55

56

57

58 (a) (b) (c) (d) (e) (f) (g)

59

60

61 (a) (b) (c)

62 060 3.

63 (a) 2,989,456 2,710,238 1,066, ,861 4,055,809 3,576,099 (b) 740, , , ,408 1,419,314 1,141,628

64 ,832,044 3,377, , ,658 79,946 70,186 4,055,809 3,576,099 1,865 3,808 1,845 3, , ,639 9,780 4,670 5,505 3,420 3,563 26,949 33,395

65 ,355,177 1,207,231 * , ,920 * 15 1, (495) (466) *8 1,026, ,720 61,576 49, ,019 1,088, ,182 * 279, ,272 17,417 14, , ,610

66 ,514 3, (1,845) 840 (269) (8,450) 708 7, (4,271) * 3,424,213,000 3,016,631,000191,279, ,914,0001,049, ,0001,007,110, ,182,000290,637, ,539, , ,841 3, ,631 5,040 33

67 , , , , ,008 3, ,631

68 , , , , ,040

69 ,035 1, ,442 2,322 1,000,

70 %16.5% 47,553 40,127 (150) (36) 35,812 18, (5,995) 4,262 77,220 63,094 % % 381, ,851 62, , ,056 10,993 5% 10% 6, (150) (36) (3,383) (6,061) 2,693 3,313 1,338 1, , ,

71 ,529, ,700,000 6,712, ,923, ,340 63, ,470 67, , ,257 67,426,000285, ,020,383,869 1,016,762,628

72 , ,956 1,020,383,869 1,016,762,628 2,742,352 3,852,226 1,023,126,221 1,020,614,854

73 , , ,557 17,791 33,550 1,939,120 46, , ,038 1,395 38, ,366 48,659 6,106 (54,765) (46) (739) (785) (12,580) (2,718) (630) (15,928) 3,081 7,936 5, , ,056 1,174, ,053 17,922 16,885 2,410, , , ,759 11, ,892 10, ,922 92,262 2, ,951 (21) (716) (737) (12,496) (2,208) (516) (15,220) 463 3,690 2, , , , ,175 12,855 1,132, , , ,878 5,067 16,885 1,277, , , ,337 14, ,044 1,575,666 1, , ,316 3,830 35, , ,211 35,342 8, ,654 74,232 99,000 62,616 32,187 (193,803) (138) (1,005) (1,143) (297) (31,391) (6,016) (155) (37,859) 6,634 14,325 8, , , , ,557 17,791 33,550 1,939,120 98, , ,890 10, ,649 10, ,789 73,757 2, ,920 (138) (1,005) (1,143) (24,393) (5,469) (155) (30,017) 774 5,888 3, , , , ,759 11, , , , ,798 6,190 33,550 1,031,228

74 ,044,000 82,589,000 26,429 26,461 54,615 56,128 81,044 82, , ,000 20,006,000 56,323, ,723 19,208 45,451 (1,049) (363) ,520 19, (1,190) (369) 63,330 19,354

75 ,540 7,620 3, ,390 8,540 9,900 6,600 2,490 1,940 12,390 8,540 12,390,00039(a) 10,590,000 7,340, ,239 22, , ,569 38,239

76 ,766 16,766 5,193 5, ,549 16,219 38,569 38, %5%2%2%

77 , ,382 19,624 20, , , ,546, ,414, % 100% 2 100% 100% 2 100% 100% 2 100% 100% 2 100% 100%

78 % 100% 2 100% 100% 2 100% 100% 2 100% 100% 2 100% 100% 2 100% 100% 2 100% 100% 2 100% 100% 10, % 100% 500, % 100%

79 % 100% 38, % 100% 1,000, % 100% 40, % 100% 2 100% 100% 2 100% 100% 10, % 100% 2 100% 100% 2 100% 100% 242,100, % 100%

80 ,000, % 100% 28, % 100% 291, % 100% 291, % 100% 250, % 100% 48, % 100% 71, % 100% 67, % 100% (a) 1,000, % 80% 100% 100% (c) 10,000

81 % 100% 2 100% 100% 2 100% 100% 2 100% 100% 7,000, % 100% 3,000, % 100% 8,250, % 100% 8,250, % 100% 2 100% 100% 2 100% 100% 30,264, % 100%

82 ,000, % 100% 1 100% 100% (a) 10, % 80% (a) 300, % 80% (a) 10, % 80% 18,000, % 100% 70% 70% (b) 3,000,000 70% 70% (b) 500,000 70% 70% (b) 4,000,000 18,000, %

83 ,000, % 18,000, % 12,400,000 * ** (a) 36(a) 36(b) (b) 70%35 (c) 20% 36(c)

84 ,283 1, ,405 1,406 7,334 2,062 (152) (152) 8,587 3, % 39% 1 39% 39% Baker 1 40% 40% 2,000 Baker Limited 20%Baker Limited

85 ,206 16,191 (22,026) (13,074) (28) (105) ,855 3,974 3,038 5,383 14, ,218 55,677 5,259 7,560 28,919 4,660 10,483 56,881 (147) (305) (70) (736) (1,258) (162) (3,704) (85,106) (478) (16,540) (105,990) (4,474) 4,465 9 (4,556) 4,556 (8,379) (8,379) (199) (641) (840) ,128 1,566 1,577 3,107 2,803 3,019 12, ,610 6, ,552 5,549 6,084 26,574 5,287 11,295 54,789 (222) (286) (417) (642) (1,567) (766) (3,015) (143,215) (748) (16,833) (164,577) (3,839) 3,867 (28) (5,312) 5,312 (258) (7,720) (7,978) 1,997 (152) 1, , ,702 2,087 8,920 20,392

86 ,871 42,044 18,748 22, , ,466 1,013 1,210 8,440 4, , ,176 18,305 9,269 2,087 2,803 20,392 12,072

87 ,790 29,917 63, ,400 (5,355) (955) ,470 25,012 63, ,472 9,109 13, ,072 34,232 77, ,531 9, ,307 3, ,110 3, ,132 16, (70) 1,237 6,419 7, ,462 6,419 23,881

88 ,621 62,934 (13,198) (15,654) 53,423 47,280 68,413,000 60,304,000 10% 5% 10% 6,419,000 15,250,000

89 , ,505 4,910 4,430 5,448 7, , , ,580 13,778 6,285 7,525 5,117 3,682 3, ,323 25,720

90 ,079 34, , ,921 47,308 79,190 82, , , ,052 11, , , (12,052) (11,914) 421, , ,698, ,864,000

91 ,057, , ,295 28,828 8,927 7,030 3,099 13,347 4, , , ,510 71, , , ,583 3, , ,171 1,259 1,035

92 (%) (%) , , , ,485 21, ,485,000 21,868, , ,000 74,061 21, ,485 21,868 (a) (i) (ii) (iii) 20,006,000 56,323,000 10,590,000 7,340,000 12,052,000 11,914,000

93 (31) (48) (313) (323) % 5.4%3.0% 5.4% ,000

94 ,400,000,00023,400,000, ,340,000 2,340,000 1,021,611,0001,017,293, , ,729 1,016,141, , , ,140 a 1,152, ,945 4,060 1,017,293, , , ,200 b 4,318, ,749 15,181 1,021,611, , , ,381 (a) (b) 1,152, ,152, ,832,000115,0001,717,000 2,228,000 4,318, ,318, ,866,000432,0006,434,000 8,315,000

95 (i) (ii) (iii) 10% 1% 0.1% 5,000,000 1

96 % (i) (ii)(iii) , , (4,318) 1.59 (1,152) 1.59 (350) 1.59 (150) , ,

97 , , , , ,000 1,019, ,000 29,310, ,530,0009,198, % 4,530,0009,198, , ,0006,750,000 13,705, (a) ,748,000 (i)(ii)

98 (b) (i) 316,526 19, ,527 4, , , , ,945 (2,228) 1, ,019 1, (277) (277) 12 (49) (49) 12 (63,067) (63,067) 12 (67,141) (67,141) 320,471 17, ,527 4, , , , ,749 (8,315) 6, (675) (675) 12 (285) (285) 12 (63,340) (63,340) 12 (69,470) (69,470) 335,220 8, ,527 4, ,723 (i)

99 ,000,000 44,422,000 70%(i) (ii) (iii) 14 74, ,853 4,199 9,282 6,376 6,030 (9,066) (61,457) (27) 21 (3,110) (12,394) 28, ,504 44,422 (44,422) 6,030 (38,392) (1,408) (39,800) 70,186,000 6,131,000

100 (a) 20% 6,308, ,000386,000 5,922,000 (b) 20% 3,700, ,000900,000 2,800,000 (c) 20% 1,534, ,000176,000 1,358, ,000 1,489, , ,039 26, , ,100 74,000,000 21,324,000

101 (a) (b) 227, , , , , , , ,471

102 (b) 12,485 76,423 74,993 87,478 76, ,000 4,000 14A

103 ,334 2, ,043 94,278 1,648 27,323 25, ,921 47,308 12,052 11,914 71, , , , , , , , ,405 74,485 21, ,623 11, , ,939

104 , , , ,826 1,259 1,

105 , ,000

106 , , , ,635 74,698 74, ,623 11,623 74, ,433 12, , , , , ,099 21,896 21, ,391 11,451 21, ,711 12, ,709

107 ,259 1,035 74,485,000 21,868, , ,698 21, ,942

108 ,272 22,812 1,558,084 1,378, % 1.6% 45.

109 A

110 108 4,055,809 3,576,099 2,937,226 2,610,410 2,444,316 (3,424,213) (3,016,631) (2,491,576) (2,208,749) (2,076,033) 631, , , , ,283 26,949 33,395 18,602 13,605 12,142 (85,174) (92,781) (67,557) (49,565) (43,413) (190,850) (169,088) (117,957) (107,377) (103,629) (708) (8,682) (914) (1,096) (1,998) (604) (461) (495) (914) (2,406) (1) , , , , ,168 (77,220) (63,094) (55,590) (46,136) (37,308) 303, , , , , , , , , ,129 4,789 3,801 2,353 1,823 2, , , , , ,860 2,319,447 1,950,855 1,626,456 1,445,896 1,358,785 (742,332) (555,123) (395,210) (317,775) (326,667) (19,031) (17,229) (2,898) (1,671) (2,311) 1,558,084 1,378,503 1,228,348 1,126,450 1,029,807

111

www.ione.com.hk 02 04 06 10 17 20 27 36 38 39 40 42 43 45 46 112 113 FCCA, FCPA Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 13 02 Butterfield Fulcrum Group (Cayman)

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4 3,379,679 3,207,224 (2,574,040) (2,479,550) 805, , ,999 66,818 (435,016) (374,193) (90,274) (97,935) (138) (157) 5 367, ,207 6 (7

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