Size: px
Start display at page:

Download ""

Transcription

1 INSPUR INTERNATIONAL LIMITED % (1) (2) (3) (4) A 30 B&C M

2 A Popular Vision Limited B A I B II i

3

4 I I I ,800,400 II IIII ,384,000 I II I I I 2

5 1 6 I I

6 II II NFV I I Popular Vision LimitedI II II II51% I II IT SDN I Popular Vision Limited II 4

7 IT IT I 467,200,000I 4.35% I I I II II II I II I II I I 5

8 II II II % 6

9 INSPUR INTERNATIONAL LIMITED 596 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY Cayman Islands 1 A 30 B&C 76% (1) (2) (3) (4) 7

10 I I I I Popular Vision Limited 770,387,200 (i) 2.65 I 139,800,400 (ii) 467,200,000 I IIIIII II 51% 174,930,000 (i)75,460,161 (ii) 2.65 II 46,384,000 Popular Vision Limited 100%76% 186,184, % 16.35% 1,861, (i) % 8

11 (ii) % (iii) % (iv) % I II 14.22I II 25% 100% I I A IIII I I II II II II 9

12 50.58% 5% (i) (ii) (iii)i (iv) I (v) (vi) I I (1) (2) I (3) I 10

13 I I I Popular Vision Limited Popular Vision Limited51% I I 770,387,200 (1) 299,800, I 139,800,400 (2) 467,200,000 I 3,387, ,000,0001,110,000,000 1,227,000, ,000, ,000,00051%357,000,000 51%57,200, ,000,000 57,200,000299,800,000 51%I 11

14 72,000,000 86,400,000 I A= B - C B D AI B C D 945,317,200 A 945,317,200 14A.63 12

15 I 15.8% 11.4% 13.9%13.1% 14.3% (1) % 20% (2) I (a) I I (b) I (c) I (d) I (e) 13

16 (f) 410,000,000 1,110,000,000 (a) (b) (c)(d) (f)(e) I I II II (1) (2) II (3) (4) II II II II 51% 49% II II24% 14

17 IIII174,930,000 (1) 75,460,161 (2) 99,469, II 46,384, ,000,000 1,110,000,000 1,227,000,000 II IIII II 700,000,00049%343,000,000 51%343,000,00051% 174,930,000 I II 510,000,000 19,297,000 44,562, % 15

18 II (a) IIII (b) II (c) I I (d) II (e) II (f) 410,000,000 1,110,000,000 (a) (b) (c) (d)(e) (f) II I II 16

19 III I II I II I (c) (d) (f) II(d) (e) (f)i (e) I (a) II (a) 186,184, % 16.35% 1,861, (i) % (ii) % (iii) % 17

20 (iv) % (v) % 1,168,200,000 1,364,900, ,000,000 SaaS(i) (ii) (iii) (iv)(v) (vi) % % 18

21 2.93% % % %30 2.7% 1,110,000, ,000, ,400, a) b) c) d) 19

22 20,000,000 2,000,000,000 9,527, ,736,331 I II (1) 481,879, % 621,679, % 4, % 4, % 46,384, % 470,853, % 470,853, % 952,736, % 1,138,920, % (1) 481,883, ,401,286 20

23 I IT II II IT IIII24% II24% 21

24 I II I II 100% 0.48% 99.52% 100% 100% 100% Popular Vision Limited 100% 100% 100% 100% 51% 49% 100% 100% 5.46% 33.54% 61% 100% 22

25 I II 100% 0.48% 99.52% 100% 100% 54.58% 4.07% 100% Popular Vision Limited 51% 100% 100% 100% 51% 49% 100% 100% 5.46% 33.54% 61% 100% 49% 23

26 75.99% I22,348,200 51% (i)246,075,000 51%(ii) 236,425,000 49% 27,846, % 2.53% 0.14% 100% 5.46% (1) OSS OSS(2) (Hadoop) IT IT (1)

27 G 5G 5G 5G 5G OSS 5GSDN NFV SDN/NFV SDN/NFV OSS OSS 5G 4,000,000,000 IT to C+ (2)

28 (Hadoop) IT IT IT (1) OSS 5 5GSDN NFV SDN/NFV SDN/NFVOSS 26

29 SDN/NFV VNF OSSVNF VNFOSS OSS5G (2) G + OpenStack + Kubernetes + Docker PaaS DevOps

30 IT IT 398, , ,657 (57,498) 35,352 49,464 (61,191) 19,297 44,516 A 17,140,000 23,590,00025,220, ,

31 (1) (2) 81,866,000 SaaS 29

32 SaaS ICT SaaS 30

33 IT I II 14.22I II 31

34 25% 100% I I A IIII I I II IIII II 3,056,640,000975,354,000 3,252,873,0001,469,632,000 32

35 A A I II 113,051,000155,891,000 (1) (2) 33

36 1. (a) (b) (c) 2. ITERP

37 IT IT 1% 1% 1% 1% 1% 28.31% 27.99% 30% 35

38 3. ITIT (a) (b) (c) ITIT 36

39 ,263 37

40 9,463 8,435 12, , , ,868 3,174 2,678 2,929 50,131 22,963 19,363 9,542 9,966 5, , ,927 62,485 90, ,786 14,977 22,255 4,712 3,300 3,513 5,786 8,814 40,000 48,000 57, , , ,000 6,000 7,200 8,640 72,000 86, ,680 13,310 14,640 16,100 13,960 16,700 17,540 38

41 1. (a) (b) 2. (a) (b) 3. (a) (b) 4. (a) (b) 5. (a) (b) 39

42 20% 10% 7,641 13,960,0007,641*5 *365 10% 20% 25.6% 19.25% 50IT 40

43 ITIT ITIT ITITIT 50.58% 5% 41

44 1 A 30 B&C (i) (ii) (i)i I (ii) A I III I I M 13.39(4) 66 42

45 (i) I(ii) (i)i (ii) I I

46 44

47 INSPUR INTERNATIONAL LIMITED % (1) (2) (3) (4) (i)i (ii)

48 I 46

49 (1) (2) (3) I I I I IPopular Vision Limited 770,387,200 (i) 2.65 I 139,800,400 (ii)467,200,000 I 47

50 III 25% 100% I I A 50.58% 5% I 48

51 (i) (ii) (iii) (iv) (i) (ii)i (iii) (iv) (v) I

52 I I I I. I (1) (2) 50

53 1,317,951 1,163, , , , , , , ,130 87,737 (11,864) (4,190) 113,051 59,893 (12,635) (5,179) 1,350, ,975 1,026, ,776 3,056,640 2,658,157 2,678,114 2,514,528 2,081,286 1,734,591 1,747,549 1,722,541 1,318,000,000 1,163,200, % 25.6% 113,100,000 59,900, % 1,350,800, ,000, % 44.2% 51

54 2,081,300,000 1,734,600, % 550,700, ,700, % 411,800, % 138,900, % 12,600,000 5,200, % 1,026,200, ,800, % 38.3% 1,747,500,000 1,722,500, % 2. I 75.99% I IT 52

55 I22,348,200 51% (i)246,075,000 51%(ii) 236,425,000 49% 27,846, % 2.53% 0.14% 100% 5.46% 398, , ,657 (57,498) 35,352 49,464 (61,191) 19,297 44,516 A , I II I (1) 53

56 (2) I (3) I I II I Popular Vision Limited Popular Vision Limited51% II I 770,387,200 (1) 299,800, I 139,800,400 (2) 467,200,000 I 3,387, ,110,000,000 1,227,000,000117,000,000 89,847,000 44,562,000 19,297,000 54

57 130.9% I II 72,000,000 86,400,000 I I I A B - C B x D AI B C D 945,317,200 A 945,317,200 55

58 14A.63 I (1) % 20% (2) 15.8% 11.4% 13.9%13.1% 14.3% 56

59 4. 410,000,0001,110,000,000 1,227,000,000 (i) (i) (ii) (iii)(iv) I (ii) 57

60 5.59% Duff & Phelps Corporation 12 58

61 30% Paul Hanouna Atulya Sarin Alan C. Shapiro Value of Corporate Control: Some International Evidence Philip Saunders Control Premiums, Minority Discounts, and marketability Discounts30.0% 50.0% 30.0% 30.0% (i) (ii)(iii) Philip Saunders Control Premiums, Minority Discounts, and marketability Discounts 20.0% 35.0% 16.11%16.11% (iii) (i) (ii) (i) (ii) (iii) 59

62 ,184, % 16.35% 1,861, (i) % (ii) % (iii) % (iv) % (v) 21.56%

63 (A ) I ( %67.7% 3.6% (i) (ii)(iii) (B ) I 61

64 7 % % % (0.60) (7.82) (7.46) (8.74) (9.97) (7.95) (4.43) (0.4) (0.6) (9.97) (7.95) (8.74) ( 62

65 (i) 9.97%27.7% 4.41%(ii)7.95% 35.5% 5.55% (i)(iii) 4.2 1,364,900, ,000,000 SaaS (i) (ii) (iii) (iv) (v)(vi) % 63

66 5. SaaS I I % (i) (ii)i (iii) 64

67 7. A A I II 113,051,000155,891,000 3,056,640,000975,350,000 3,252,870,0001,469,630,000 II

68 2. (i) (a) (b) (c) 66

69 (ii) ITERP 200 IT IT 1% 1% 1% 67

70 1% 1% 28.31% 27.99% 30% (iii) ITIT (a) (b) (c) ITIT 68

71 (iv) (v) 1% 69

72 IT IT 70

73 IT 1% 14A(i) (ii) 71

74 4. 9,463 8,435 12, , , ,868 3,174 2,678 2,929 50,131 22,963 19,363 9,542 9,966 5, , ,927 62,485 90, ,786 14,977 22,255 4,712 3,300 3,513 5,786 8,814 72

75 5. 40,000 48,000 57, , , ,000 6,000 7,200 8,640 72,000 86, ,680 13,310 14,640 16,100 13,960 16,700 17,540 (i) (ii) 20% (iii) 10% (iv) 7,641 13,960,0007,641*5 *365 10% 73

76 25.6% 19.25% (i) IT IT (ii) (iii) 10% (i)5%(ii) 5% 2.48% 2.61% 2.7%(i) (ii)10% (i)i I (ii)i (iii) 74

77 I I

78 1. ( ( ,500,000(1) 3,397,000 (2) 4.35% 467,200,000(3) 4.73%4,522,000(4) 5.16% 8,429,000 76

79 ,317,951, %25.6% 113,051, % SaaS 77

80 A POPULAR VISION LIMITED POPULAR VISION LIMITED 80136Popular Vision Limited Popular Popular Popular Popular Popular2 Popular PopularPopular Popular

81 A POPULAR VISION LIMITED 2 Popular 2 Popular Popular Popular18,827,000 Popular P

82 A POPULAR VISION LIMITED Popular A , , ,657 (242,948) (266,780) (251,148) 155, , , ,263 38,041 31,274 7 (15) 50 (146,488) (140,791) (117,198) (113,542) (152,821) (170,545) 8 (2,093) (2,497) (4,576) 10 (57,498) 35,352 49,464 9 (3,693) (16,055) (4,948) (61,191) 19,297 44,516 (26,738) 9,830 22,681 (34,453) 9,467 21,835 (61,191) 19,297 44,516 80

83 A POPULAR VISION LIMITED , , , ,055 3,413 2, ,166 1,180 2, ,209 31,209 31, , , , , , , ,364 30,154 36, ,124 75, , ,081 52,389 33, , , , ,152 80,925 69, , , , , , , ,000 20, ,000 67, , , , ,056 (6,850) (31,147) (524,117) 447, ,667 (99,456) 27 17,335 7,719 6, ,015 36,220 41,107 54,350 43,939 47, , ,728 (147,014) 81

84 A POPULAR VISION LIMITED , ,746 (102,990) 215, ,746 (102,990) 178, ,982 (44,024) 393, ,728 (147,014) 82

85 A POPULAR VISION LIMITED 50,000 (66,792) (16,792) (16,792) (26,738) (26,738) (34,453) (61,191) 1,430 (1,430) 2 (a)) 255, , , ,534 (21,472) 25,260 3,788 (3,788) 1, ,800 (69,700) 215, , ,551 9,830 9,830 9,467 19,297 1,516 (1,516) 2 (b)) 599 (93) 506 (506) (57,120) (57,120) (57,120) 2, ,279 (61,479) 168, , ,728 22,681 22,681 21,835 44,516 2(c)) (246,075) (29,515) (275,590) (234,756) (510,346) (18,827) (18,827) (18,827) (18,085) (18,085) 2,946 (18,796) (87,140) (102,990) (44,024) (147,014) 83

86 A POPULAR VISION LIMITED (57,498) 35,352 49,464 6,734 11,389 11, ,401 7, (12,579) (1,189) ,093 2,497 4,576 1, (359) (315) (505) (52,890) 58,449 67,162 1,460 (9,616) (1,268) 29, ,611 (46,555) 21,016 (12) (128,414) (1,391) 3,669 3,383 10,388 (24,911) 1,460 (11,989) 11,946 65, (13,297) (3,107) (3,470) (24,927) 9,154 62,703 84

87 A POPULAR VISION LIMITED (39,124) (36,078) 75,202 (5,967) (2,271) (4,969) 133,258 (80) 88,167 (38,429) 70,233 20,000 (246,075) (264,271) (15,000) (9,920) 400,019 (18,085) (18,827) (1,216) (2,144) (1,723) (877) (353) (2,853) (17,093) 7,583 (151,815) 46,147 (21,692) (18,879) 27,934 74,081 52,389 74,081 52,389 33,510 74,081 52,389 33,510 85

88 A POPULAR VISION LIMITED 1. Popular Vision Limited Popular Popular OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands PopularPopular Popular 2. Popular % 61% (a) Popular 2.67%51% 13,332,000 86,124, ,816, % 51% 2.79%49%Popular 97.21% 51% 51% (b) Popular 0.12% 599, % 49% 2.53% 97.33% 86

89 A POPULAR VISION LIMITED (c) Popular51% 246,075, ,425, % 2.53% 0.14%27,846,000 Popular PopularPopularPopular Popular 5 Popular Popular Popular Popular 524,117,000 31,147,0006,850,000 PopularPopular Popular Popular 467,000,000 PopularPopular Popular 87

90 A POPULAR VISION LIMITED 467,000,000 Popular Popular(i) (ii) Popular(iii) Popular Popular PopularPopular Popular Popular Popular Popular Popular Popular PopularPopular Popular Popular 88

91 A POPULAR VISION LIMITED Popular PopularPopular Popular Popular Popular (i) (ii)popular Popular 39 PopularPopular Popular

92 A POPULAR VISION LIMITED Popular 90

93 A POPULAR VISION LIMITED 3. Popular Popular

94 A POPULAR VISION LIMITED 9 9 Popular PopularPopular

95 A POPULAR VISION LIMITED Popular9 9 Popular

96 A POPULAR VISION LIMITED Popular ,506,000 3,992,000 30,

97 A POPULAR VISION LIMITED Popular

98 A POPULAR VISION LIMITED Popular Popular Popular Popular 96

99 A POPULAR VISION LIMITED Popular Popular Popular PopularPopular 97

100 A POPULAR VISION LIMITED Popular Popular Popular 98

101 A POPULAR VISION LIMITED Popular 99

102 A POPULAR VISION LIMITED Popular Popular 100

103 A POPULAR VISION LIMITED Popular Popular 101

104 A POPULAR VISION LIMITED Popular (i)(ii) Popular

105 A POPULAR VISION LIMITED Popular

106 A POPULAR VISION LIMITED Popular Popular 104

107 A POPULAR VISION LIMITED Popular Popular Popular Popular Popular Popular Popular 105

108 A POPULAR VISION LIMITED 5. 4 Popular Popular Popular Popular 31,209,

109 A POPULAR VISION LIMITED Popular 201,258, ,248, ,127,000 11,640,000 17,762,000 18,727, ITPopular IT 90,930 64,445 52, , , , , , ,

110 A POPULAR VISION LIMITED a 14,940 14,490 16,048 b 6,699 9,616 1,268 b 2,884 1,816 2,513 10,597 9,751 10,836 13, , ,263 38,041 31,274 (79) (15) 50 (a) (b) 9,583,000 11,432,000 3,781,000 i) ii)iii) 108

111 A POPULAR VISION LIMITED 8. 1,216 2,144 1, (c) ,853 2,093 2,497 4, ,352 3,022 1, (6,659) 13,033 3,468 3,693 16,055 4, % 25% Popular 15%

112 A POPULAR VISION LIMITED (57,498) 35,352 49,464 (8,978) 4,089 6,517 11,971 15,250 5,382 (11,933) (5,092) (6,840) 3,908 3,227 (1,856) 8, (111) (4) (463) 3,693 16,055 4,

113 A POPULAR VISION LIMITED ,401 7, ,167 34,676 37,798 10,846 12,981 11,901 (12,579) (1,189) ,569 44,406 42, ,734 11,389 11, , , ,496 7,692 11,740 13, PopularHE, Junlin 111

114 A POPULAR VISION LIMITED 12. Popular Popular 3,289 3,653 3, ,525 3,876 3,994 1,000, ,000,001 1,500,000 1,500,001 2,000, Popular Popular Popular 13. Popular 18,827,000Popular 112

115 A POPULAR VISION LIMITED , , ,513 5,967 (222) (135) (357) 31 1, , ,269 15, , ,067 2,271 2, (220) (220) (2,404) (13) (2,417) 15, , ,701 4,969 4,969 (458) (458) 19, , ,212 12, ,208 1, ,046 6,734 (188) (8) (196) 13, ,046 18,746 1, ,163 11, (190) (190) (2,256) (2,256) 12, ,209 27,689 1, ,163 11,852 (338) (338) 13, ,372 39,203 2, , ,321 3, , ,012 6, , ,

116 A POPULAR VISION LIMITED 10% / 3 % 10% - 20% 2.5% ,209 31,209 31,209 IT 31,209 31,209 31,209 Popular 15% Popular9% 114

117 A POPULAR VISION LIMITED Popular ,345 4, (92) 4, (28) ,409 4,055 3,413 2,844 Popular 115

118 A POPULAR VISION LIMITED , , ,418 5,842 2,819 3,436 (11,640) (17,762) (18,727) 201, , ,127 Popular

119 A POPULAR VISION LIMITED ,715 32,247 32, ,862 29,734 15, ,320 20,313 4, ,496 14,443 19, ,126 33,877 9, , , , , , ,127 Popular Popular 78% 82% 80% Popular 111,060, ,145, ,493,000 PopularPopular (15,818) (11,640) (17,762) (8,401) (7,092) (965) ,579 (11,640) (17,762) (18,727) 18,727,00017,762,00011,640,

120 A POPULAR VISION LIMITED ,968 6,582 4,124 36,508 25,884 34,221 (2,112) (2,312) (2,344) 36,364 30,154 36,185 (2,599) (2,112) (2,312) (702) (280) (109) ,189 (2,112) (2,312) (2,344) , , ,929 (456,867) (462,592) (500,144) (148,652) (159,126) (134,215) (148,652) (159,126) (134,215) (148,652) (159,126) (134,215) 118

121 A POPULAR VISION LIMITED 354,000 86, ,000,000 67,000, ,000,0006% 6% 4.35% 22. Popular 0.01% 1.35% ,327 66,604 57, ,072 3,670 1, ,876 3, ,877 7,391 10,036 82,152 80,925 69,

122 A POPULAR VISION LIMITED ,643 10,822 16,197 86,649 91, , , , , ,000 20,000 16% , ,

123 A POPULAR VISION LIMITED Popular Popular 27. Popular iii) iii) Popular 121

124 A POPULAR VISION LIMITED 28. (30,146) 1, (28,508) (6,869) 13,716 (240) 52 6,659 (37,015) 13,716 1, (21,849) 795 (13,896) 68 (13,033) (158) (158) (36,220) (180) 1, (35,040) 795 (4,263) (3,468) (35,425) (4,443) 1, (38,508) 15,166 1,180 2,599 (37,015) (36,220) (41,107) 29. PopularPopular Popular PopularPopular Popular Popular 122

125 A POPULAR VISION LIMITED 30. (a) 201, , ,127 34,396 23,572 31,877 39,124 75,202 74,081 52,389 33, , , , , , ,544 82,152 80,925 69,780 11,321 9,002 8,528 20,000 20,000 20,000 67, , , , ,527 (b) Popular 123

126 A POPULAR VISION LIMITED Popular Popular Popular Popular Popular Popular Popular 50 74, , ,000 45, , ,000 33,

127 A POPULAR VISION LIMITED Popular Popular Popular Popular PopularPopular Popular Popular Popular 125

128 A POPULAR VISION LIMITED Popular Popular % 82,152 82,152 82,152 11,321 11,321 11, % 20,000 20,000 20, , , ,473 % 80,925 80,925 80,925 9,002 9,002 9, % 67,200 67,200 67, % 20,278 20,278 20, , , ,127 % 69,780 69,780 69,780 8,528 8,528 8, % 467, , , % 20,278 20,278 20, , , ,

129 A POPULAR VISION LIMITED (c) Popular Popular (d) Popular % 51% 51%255,272,

130 A POPULAR VISION LIMITED 403,269 4,345 1,638 30,084 89,172 1, ,258 (867) (171,965) (20,000) (30,146) 440, , ,262 (440,325) 31, , ,258 31,209, ,291,00066,541,

131 A POPULAR VISION LIMITED 89,172,000 89,172,000 (49%) 216,262, Popular 100%23,050,000 Popular 23,

132 A POPULAR VISION LIMITED , ,130 (2,301) (3,140) 24,344 23,050 (24,344) (1,294) 23,050 (23,130) (80) 130

133 A POPULAR VISION LIMITED 33. Popular Popular 1,816 3, ,507 3, Popular Popular 10,597,000 9,751,000 10,836,000 Popular 3,706 3,118 1,004 3,238 3,245 1,118 6,944 6,363 2,

134 A POPULAR VISION LIMITED 34. Popular (a) 11 Popular (b) (i) 39,124 75,202 (i) 19 (ii) 20,000 67, ,200 (i) Popular (ii) 4.35%6%6% (c) ,

135 A POPULAR VISION LIMITED % 46.3% 49% 126, , , , , ,660 (87,344) (101,993) (748,819) (39,506) (38,711) (47,558) 222, ,620 (45,821) 191, ,787 (44,024) 73, , ,657 (14,067) (3,595) 18,646 (12,167) (3,068) 17,960 (26,254) (6,663) 36,606 (43,868) (34,086) 124,109 (4,507) (2,175) (4,969) (15,000) 10,000 (139,331) 133

136 A POPULAR VISION LIMITED 36. Popular 100% 100% 100% 100% 100% 100% 51% 51% 51% IT 51% 51% 100% 51% 51% 100% 97.21% 97.33% 100% IT 100% 100% 100% 134

137 A POPULAR VISION LIMITED 37. POPULAR Popular (90) (83) (83) (76)

138 A POPULAR VISION LIMITED 37. Popular Popular 35,000 35,000 (15,000) (2,093) (17,093) 2,093 2,093 20,000 (20,000) 57,120 57,120 20,000 (9,920) (2,497) 7,583 2,497 2,497 20,000 47,200 67, ,019 (4,576) (36,912) 358,531 4,576 4,576 36,912 36,912 20, , , PopularPopular 136

139 B %

140 B P

141 B A. 5 6 (963) (1,536) 1, (21,472) (2) (4) 8 (22,435) (1,538) 1,669 7 (22,435) (1,538) 1,669 (22,435) (1,538) 1,669 (22,435) (1,538) 1,

142 B , ,461 24,877 23,144 (22,435) (23,973) (22,304) (22,435) (23,973) (22,304) (22,435) (23,973) (22,304) (22,435) (23,973) (22,304) (22,435) (23,973) (22,304) 140

143 B (22,435) (22,435) (22,435) (22,435) (22,435) (22,435) (1,538) (1,538) (1,538) (1,538) (23,973) (23,973) 1,669 1,669 1,669 1,669 (22,304) (22,304) 141

144 B (22,435) (1,539) 1,669 21,472 (963) (1,539) 1,669 23,461 1,417 (1,733) 22,498 (122) (64) (21,472) (21,472) 1,026 (122) (64) 1, ,

145 B 1. Vistra Corporate Services Centre, Wickams Cay II, Road Town, Tortola, VG1110, British Virgin Islands 2. 22,304,000 23,973,00022,435,000 Hongzhi CUI 23,144,000 Depot Depot 143

146 B

147 B

148 B

149 B

150 B 148

151 B 149

152 B

153 B (963) (1,536) 1,

154 B 7. (22,435) (1,538) 1, %16.5% 16.5% (3,702) (254) 275 (275) 3, CUI Hongzhi

155 B % ,472 21,472 21,272 (21,472) (21,472) (21,472) (21,472) (21,472) (21,472) 49% 49% 49% 153

156 B 9, , , , ,871 14,845 5,228 47, , , , , , ,657 (43,998) 25,960 36,607 (51,728) (25,767) (89,847) 49% 49% 49% (25,347) (12,627) (44,025)

157 B , ,528 50, ,

158 B (a) 1, ,461 24,877 23,144 (b) 156

159 B 22,304,00023,973,000 22,435,000 Hongzhi CUI 23,144,000Hongzhi CUI 157

160 B 18. (a) 10 (b) 23,461 24,877 23, Cui Hong Zhi % 158

161 A I I I B II I 307,400, ,700, ,240,000 IT90,930,000 64,450,000 52,420,000 I I 39% 55% I 398,300, ,200, ,700,000I 40.6% 19%2.73% I I155,400, ,400, ,500, % 52.4% 55.3% 159

162 A I I 113,500, ,800, ,500, % 11.6%I I 146,500, ,800, ,200, % I I 49,300,000 38,000,000 31,300,000 I 2,100,000 2,500,000 4,600, % I 3,700,000 16,100,000 4,900,

163 A I I 61,200,00019,300,00044,500, % 7.93%I I I I I I I I 20,000,000 16% 467,200, % I 39,100,000 75,200,000 I 20,000,000 67,200, ,200,000 I 74,100,000 52,400,000 33,500, % 46,000, % 36,900,

164 A I I 201,300, ,200, ,100, % I 11.7% 28,000,000 I 82,200,000 80,900,000 69,800, %I 13.8% I 20,000,000 20,000,000 16% Popular Vision Limited Popular Vision Limited1 Popular Vision Limited I I 18,800, % 57.09% % 410,000, % 92.7% 35.1% 410,000,000 5,970,000 2,270,000 4,970,

165 A I Popular Vision Limited I I I I I51% 246,075,000100% 236,425,000100% 27,846, % 2.53% 0.14%I 100% 5.46% I I 1,4641,432 1, ,450, ,540, ,800,000I 163

166 A I I 164

167 B II II II 165

168 1. (A) Popular Vision Limited Popular 51% ABPopular 166

169 (B) A B , , , , ,920 3,416 3,416 34,017 34,017 3,121 3,121 37,482 37,482 21,582 21, , , , ,558 1,242, ,014 1,752,538 12,586 12, , , , ,720 43, ,178 86,283 86, ,429 1, , ,106 2,506 2,506 14,126 14,126 1,350,777 40,245 1,009 (655,798) 736,233 1,814, ,008 1,009 1,500,

170 A B ,589 83, , , , , , , ,689 24,020 24, ,126 27,796 (561,103) 27,819 2,952 2,952 27,349 27,349 70,280 70,280 20,174 20, , ,468 27,796 1,354, ,632 (629,460) (26,787) 145,690 2,139,156 (119,446) (26,787) 1,898,228 5,699 7,748 13,447 52,171 49, ,540 57,870 57, ,987 2,081,286 (176,563) (26,787) 1,783,

171 A B ,527 1,862 11,389 2,067,510 (123,690) (26,787) (110,396) 1,806,637 2,077,037 (123,690) (26,787) 1,818,026 4,249 (52,873) 13,839 (34,785) 2,081,286 (176,563) (26,787) 1,783, A B

172 4. I (a) 370,471, I 139,800,400 (b) 561,102,0004,068, ,200,000I 3,387, II (a) 90,626,942 (b) 122,917, II 46,384,000 I II 90, , ,171 1,054, ,839,

173 Popular Vision Limited51%

174 4.29(7)

175 (a) (b) (c) 4.29(1) 173

176 1 A 30 B&C 100% 100%

177 3. 100% 100% Beijing Yuanshuo Technology Co., Ltd. Beijing Tianyuan Weiye Technology Co., Ltd % 5.46% 61% Beijing Tianyuan Network Technology Co., Ltd. 100% Chongqing Qingtian Boyuan Technology Co., Ltd. 175

178 4. 1,300,000,000,000 5,500,000,000,000 23% % % % 21.1% 15.7% 13.1% 13.9% 50.0% 40.0% 30.0% 20.0% 10.0% % ERP ERP78.3% 22.1% 420,800,000,000 1,700,000,000,

179 20,000 15,000 10,000 5, ,208 6,157 8,090 9,877 12,031 13,656 15,400 17, SPEEDA ERP ERP SaaS ERP ERPSaaS IaaS ERPSaaS ERP IaaS IaaS ERP 8,700,000,000SaaS7,500,000,000 IaaS SaaS ERP Gartner 25.4% 65,500,000, % 51,500,000,000 SPEEDA 177

180 5. 6.9%6.8% 6.5% 4.5% 7.5% 15% % 2.8% 9.2% 7.5% 0.2%-0.5% 47,000,000,000640,000,000, % 4.0% 14.1% 15.9% 178

181 BMI Research 5.8%7.2% 12, , , , , , , , , , , , , , , , , , , , ,532 9,458 10,237 11,053 11,934 12,922 13,969 15,097 16,328 17, National sources BMI BMI research (IASB) 179

182 8. 180

183 9. 181

184 10. a b) c) d) e) FMV Opinions, Inc FMV 16.11% f Paul Hanouna Atulya Sarin Alan C. Shapiro (Value of Corporate Control: Some International Evidence)30.00% 100%

185 IESEPricewaterhouseCoopersPablo Fernandez 1588 HK Equity HK Equity , CH Equity , CH Equity , CH Equity , CH Equity , CH Equity , CH Equity CH Equity , CH Equity CH Equity , CH Equity ,

186 Nina MilenkoviĆ 1 M adj = 1 M Or + (SRP S SRP B ) M adj M or SRP s SRP B (Market Multiples Adjustments for Differences in Risk Profile - An Airline Company Example) Duff & Phelps Valuation Handbook % 0.89% 2.68% HK Equity 2.68% HK Equity 1.51% CH Equity 1.72% CH Equity 2.08% CH Equity 1.72% CH Equity 1.72% CH Equity 1.66% CH Equity 2.08% CH Equity 1.66% CH Equity 2.08% CH Equity 1.66% CH Equity 0.89%

187 100% ,300, % FMV Opinions, Inc FMV 30.00%Paul Hanouna Atulya Sarin Alan C. Shapiro(Value of Corporate Control: Some International Evidence) 100% 16.11% 30% 100% ,300,000 1,125,000,000 1,227,000,

188 13. a) b) c) d e) 186

189 %1,227,000,000 CFA, FRM MSc, CMA (Aust.) Wayne Hu 187

190

191 a. b. c. d HK Equity HK Equity 189

192 CH Equity CH Equity CH Equity CH Equity 190

193 (FRP) (GRP) (EISP) CH Equity CH Equity CH Equity 191

194 CH Equity CH Equity CH Equity 192

195 1. 2. (a) XV(a)XV 7 8 (b)352 (c) (i) 4, % (ii) 1 1,000, % 1 193

196 XV (a)xv7 8 (b) 352(c) (b) XV2 3 XV % 621,679, % 621,679, % 193,401, % 66,396, % 621,679,686(1) 288,478,000(2)100% 193,401,286 (3) I 139,800, ,679,686(1) 100% 288,478, ,401,286 (2)I 194

197 10% 200, , ,000 50,000 Webgroup Co. 14,504 Zheng Jianyang 3,868, % 15% 10% 10.36% 11.05% 25% 5,680,000 23% 5,320,000 Odoo S.A Inspur Odoo (HK) Limited 1,000,000 20% 195

198 XV2 3 10% XV

199

200 8. (a) (b) I I (c) IIII (d) (e) 9. (a) Century Yard, Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 1 A 30 B&C (b) Royal Bank of Canada Trust Company (Cayman) Limited4th Floor, Royal Bank House, 24 Shedden Road, George Town, Grand Cayman KY1-1110, Cayman Islands M (c) (d) 198

201 10. (a) (b) (c) (d) 4546 (e) 4775 (f) (g) 199

202 INSPUR INTERNATIONAL LIMITED A 30 B&C 1. (a) I I A I I I (b) IIII B IIII II (c) 200

203 2. (a) C (b) (c) Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY Cayman Islands 1 A 30 B&C M 201

204

i

i INSPUR INTERNATIONAL LIMITED 596 4 1415 16 25 1 A 30 B&C 36 37 18317M ... 1... 4... 15... 16... 26... 28... 36 i 1 6 31.99% 2 IT 571 IT 0.01 % * 3 INSPUR INTERNATIONAL LIMITED 596 Cricket Square Hutchins

More information

Kingwell_C_MT Cir.indb

Kingwell_C_MT Cir.indb KINGWELL GROUP LIMITED 1195 413 70 B1B68 18317M 48 ...................................................... 1................................................. 4.................................. 14...............................

More information

2016 2 3 6 14 15 21 31 33 35 36 37 39 103 104 1 2016 * * * * 168 200 14 1407 http://arttextile.etnet.com.hk Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1 1111 Cayman Islands Royal Bank of

More information

00C1502076 AR.indb

00C1502076 AR.indb 2014 2 3 7 11 14 23 30 32 34 35 37 38 39 114 1 2005 Cricket Square, Hutchins Drive P.O. Box 2681 GT, Grand Cayman KY1-1111, Cayman Islands 18 49 4902-03 Royal Bank of Canada Trust Company (Cayman) Limited

More information

r

r 2 3 9 12 14 16 17 18 2 * 183 17 1712-1716 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 1 A 30 B&C www.inspur.com.hk 596 * Royal Bank of Canada Trust Company (Cayman)

More information

: 978 2014 2 3 5 12 18 19 21 22 23 168 200 17 1701 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, George Town Grand Cayman KY1-1110 Cayman Islands 183

More information

2898 2015 2 3 4 7 10 20 29 31 32 33 35 36 38 39 100 1 2015 122 FCCA, CPA Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands. 9 3007A-B 11 5 Conyers Dill & Pearman Cricket

More information

Project Hen_C_VSA & CT Cir.indb

Project Hen_C_VSA & CT Cir.indb UNIVERSAL TECHNOLOGIES HOLDINGS LIMITED 1026 7424344 4585 148 11AB2 301302 48 183171712-16 ............................................................. 1.......................................................

More information

2898 2016 2 3 4 8 11 21 30 32 33 34 36 37 39 94 1 2016 122 FCCA, CPA Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands. 9 3007A-B 11 5 Conyers Dill & Pearman Cricket

More information

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

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 CHANGSHOUHUA FOOD COMPANY LIMITED 1006 5.4% 3,379,700,000 3,207,200,000 10.7%805,600,000 23.8% 13.8% 359,800,000 316,100,000 12.3% 295,500,000 263,200,000 8.7% 8.2%51.5 45.9 10 1 4 3,379,679 3,207,224

More information

公 司 簡 介

公 司 簡 介 波 司 登 國 際 控 股 有 限 公 司 ( 於 開 曼 群 島 註 冊 成 立 之 有 限 責 任 公 司 ) 股 份 代 號 : 3998 2014/15 年 報 公 司 簡 介 目 錄 2 4 8 29 39 43 57 59 61 63 65 66 68 146 148 財 務 摘 要 ( 除 另 有 指 明 外, 所 有 金 額 以 人 民 幣 千 元 為 單 位 ) 3 31 2015

More information

4. 27(2) 5. 6. 7. 8. 0.01 10,000,000,000 0.01 9.

4. 27(2) 5. 6. 7. 8. 0.01 10,000,000,000 0.01 9. 1. 2. Codan Trust Company (Cayman) Limited Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands 3. (a) (b) 4. 27(2) 5. 6. 7. 8. 0.01 10,000,000,000 0.01 9. A 1 2 3 4-7 8-9

More information

2 5 14 15 16 18 20 22 51 1 2018 MH, FCCA, FCPA (PRACTISING), ACA, CTA (HK), FHKIoD UFJ Conyers Dill & Pearman, Cayman 2018 2 18 29 A Century Yard Cricket Square Hutchins Drive P.O. Box 2681GT George Town

More information

untitled

untitled () : 1026 2016 02 03 04 07 19 26 36 55 65 70 71 72 74 76 77 158 44,43513,768 30,667 22,442 21,903539 30,667 30,128 5,590% 2,517 4,441 43% 1.191.19 2.122.12 www.uth.com.hk 148 11 A B2 Cricket Square Hutchins

More information

untitled

untitled 2014 2 3 5 6 10 17 21 32 40 42 43 45 46 48 15,131,591 23,626,031 24,804,742 29,404,462 36,085,800 5,741,869 8,176,386 8,003,448 8,142,802 9,296,468 (%) 37.9 34.6 32.3 27.7 25.8 5,584,584 7,953,871 7,400,553

More information

2 4 5 8 13 16 26 32 33 34 35 37 38 40 84

2 4 5 8 13 16 26 32 33 34 35 37 38 40 84 2014 2 4 5 8 13 16 26 32 33 34 35 37 38 40 84 03303 2006 9 21 800,154,278 http://www.jutal.com Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands 9 11 1102 1103 518068

More information

i

i INSPUR INTERNATIONAL LIMITED 596 (1) (2) (3) 1 A 30 B&C 16 20 www.hkex.com.hk 183 17M ... 1... 3... 3... 4... 4... 5... 5... 5... 6... 6... 6... 7... 11... 16 i 1 A 30 B&C 20% 10% 571 1 0.01 % 2 INSPUR

More information

Tao Heung Holdings Limited * 2 0 1 2 2 3 5 8 15 18 24 32 34 35 36 38 40 42 43 107 108 002 Cricket Square, Hutchins Drive, P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 18 Royal Bank of Canada Trust

More information

% %

% % CHINA GREENFRESH GROUP CO., LTD. * 6183 2015 12 31 2015 12 31 2014 762.12216.45 39.67 276.47 78.5939.72 261.11 54.7226.51 37.8234.26 1 217.7342.64 24.36% 256.73 2014 37.50% 49.2 20.00 17.00 2 2015 12 31

More information

untitled

untitled 2 3 6 13 17 25 31 44 48 49 51 52 54 116 1 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands B 9-A 1 36 SMP Partners (Cayman) Limited 3rd Floor, Royal Bank House 24 Shedden

More information

4. 27(2) 5. 6. 7. 8. 10,000,000 1,000,000,000 0.01 9. 2

4. 27(2) 5. 6. 7. 8. 10,000,000 1,000,000,000 0.01 9. 2 Keen Ocean International Holding Limited 1. Keen Ocean International Holding Limited 2. Codan Trust Company (Cayman) Limited Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman

More information

........................................................ 1.............................................................. 3............................

........................................................ 1.............................................................. 3............................ LYTON MAISON LIMITED TA YANG GROUP HOLDINGS LIMITED 1991 LYTON MAISON LIMITED LYTON MAISON LIMITED 8 17 18 25 26 28 29 52 53 60 338 2 33 3301-04 21 2 23 28 8 17 ........................................................

More information

ii iii

ii iii ZHURONG GLOBAL LIMITED 264 7 15 16 26 27 28 29 50 18317 1712-1716 (http://www.hkexnews.hk) (http://www.irasia.com/listco/hk/chanco/index.htm) ........................................................ ii..........................................................

More information

22 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 1 15 02 2016 2 Codan Trust Company (Cayman) Limited Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111

More information

Annual Report 年報 2015 2015 Annual Report 年報 2015 02 03 04 06 18 29 44 48 50 51 52 53 54 56 110 02 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, George

More information

2 3 13 20 21 22 23 24 25 1 178 22 2202 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands SMP Partners (Cayman) Limited Royal Bank House 3rd Floor 24 Shedden Road, P.O. Box

More information

2014 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY Cayman Islands Royal Bank of Canada Trust Company (Cayman) Limited 4t

2014 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY Cayman Islands Royal Bank of Canada Trust Company (Cayman) Limited 4t 2014 2 3 4-5 6-14 15-17 18-29 30-40 41-42 43 44 45 46 47-48 49 50-99 100 1 2014 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 75 4 1-3 Royal Bank of Canada Trust Company

More information

C110122D_Vitar.indb

C110122D_Vitar.indb VITAR INTERNATIONAL HOLDINGS LIMITED 195 3 6 1 2607 13 16 48 28 26 .................................................................... 1 2..............................................................

More information

i

i AURUM PACIFIC (CHINA) GROUP LIMITED 8148 FIRST SURPLUS INVESTMENTS LIMITED 60% 9 EGM-1 EGM-2 48 183 22 www.hkgem.com www.aurumpacific.com.hk i ..............................................................

More information

i

i 698 (i) 30% (ii) (iii) 25 26 27 60 18 29 A 80 82 338 2 33 3301-04 48 ... 1... 5... 25... 27... 61... 75... 80 i 698 30% 1 1.60 182,325,000 2.81% 18 29 A 6 2 1.60 1,500,000 30% 571 0.01 3 Tongda Precision

More information

A 20%

A 20% TIANNENG POWER INTERNATIONAL LIMITED 00819 18 1518 48 18 15 18 5A 20% 15 18 1 5B 10% 571 0.1 2 TIANNENG POWER INTERNATIONAL LIMITED 00819 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111

More information

untitled

untitled China Development Bank International Investment Limited Annual Report 2016 China Development Bank International Investment Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code:

More information

SOHO SOHO 34 4,750 4, % 84% 50% 2,697 29% 1, % 26% / 08/ 10/ 13/ 21/ 23/

SOHO SOHO 34 4,750 4, % 84% 50% 2,697 29% 1, % 26% / 08/ 10/ 13/ 21/ 23/ 股份代號 410 SOHO 中國有限公司 中期報告 2014 SOHO SOHO 34 4,750 4,586 164 83% 84% 50% 2,697 29% 1,224 128% 26% 0.12 0.12 02/ 08/ 10/ 13/ 21/ 23/ (%) 55,000 100% SOHO 170,000 100% SOHO II 166,000 100% 173,000 100% SOHO

More information

02 03 05 06 07 08 10 11 14 15 34 35 37 38 41 42 43 44 45 46 47 48 49 68 Conyers Dill & Pearman Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 16 18 1202 03 A 518048 Royal

More information

Kaisa Group Holdings Ltd. 佳兆業集團控股有限公司 於開曼群島註冊成立的有限公司 股份代號 僅供識別 Interim Report 2018 中期報告 中期報告 (Incorporated in the Cayman Islands with limit

Kaisa Group Holdings Ltd. 佳兆業集團控股有限公司 於開曼群島註冊成立的有限公司 股份代號 僅供識別 Interim Report 2018 中期報告 中期報告 (Incorporated in the Cayman Islands with limit Kaisa Group Holdings Ltd. 佳兆業集團控股有限公司 於開曼群島註冊成立的有限公司 股份代號 1638 2 018 僅供識別 Interim Report 2018 中期報告 中期報告 (Incorporated in the Cayman Islands with limited liability) Stock Code: 1638 INTERIM REPORT 2 018

More information

37.8% # 1918 #

37.8% # 1918 # 波司登國際控股有限公司 ( 於開曼群島註冊成立之有限責任公司 ) 股份代號 : 3998 2013/14 年報 37.8% # 1918 # 2 4 7 10 36 45 49 61 63 65 67 69 70 72 146 148 2 2013/14 282.29 75.73R&F 201312 45 2013 2013/14 3 4 2013/14 ( ) 8,237,894 9,324,539

More information

目錄

目錄 : 1393 2012 目錄 2 4 8 17 21 32 38 40 41 43 45 47 116 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 185 16 617000 88 35 168 200 37 3702 02 Royal Bank of Canada Trust Company

More information

untitled

untitled CHANGFENG AXLE (CHINA) COMPANY LIMITED 1039 (1) (2) 51% (3) (4) (5) Century East 8 3940 41 42 72 6 8 9 903 905 EGM-1 EGM-3 48 18317M ..................................................... 1...............................................

More information

China SCE_12IR_Cover_ol.pdf 1 12年8月23日 下午5:54 C M Y CM MY CY CMY K 1. 2 2. 4 3. 5 4. 15 5. 17 6. 19 7. 21 8. 23 9. 25 10. 26 1 2012 5 10 2012 4 1 2012 4 1 2012 4 1 2012 4 1 2012 4 1 2012 4 1 2012 4 1 Cricket

More information

i

i COUNTRY GARDEN HOLDINGS COMPANY LIMITED 2007 2015 5 20 10 88 JW 3(1-4) 19 23 48 183 22 2015 4 14 ... 1 1.... 4 2.... 4 3.... 4 4.... 5 5.... 5 6.... 5 7.... 6 8.... 6 9.... 6... 7... 11... 19 i 2015 5

More information

2016 2 3 4 9 11 20 36 47 52 53 54 55 57 113 1 Mauffrey Benoit Jean Marie Mauffrey Benoit Jean Marie Mauffrey Benoit Jean Marie Mauffrey Benoit Jean Marie Mauffrey Benoit Jean Marie MBA, ACA, CPA (practising)

More information

Cricket Square Hutchins Drive, P.O. Box 2681 Grand Cayman KY Cayman Islands SMP Partners (Cayman) Limite

Cricket Square Hutchins Drive, P.O. Box 2681 Grand Cayman KY Cayman Islands SMP Partners (Cayman) Limite 1 3 10 17 19 20 22 23 24 2018 9 5 2018 8 9 Cricket Square Hutchins Drive, P.O. Box 2681 Grand Cayman KY1 1111 Cayman Islands 25 22 2207 25 22 2207 SMP Partners (Cayman) Limited Royal Bank House 3rd Floor,

More information

: O16

: O16 : 1198 2O16 2 3 4 6 19 22 31 36 37 38 40 41 43 104 01 Donald H. Straszheim Donald H. Straszheim Donald H. Straszheim Donald H. Straszheim Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor,

More information

1 2 4 5 16 21 23 24 25 26 27 28 1 CA Cricket Square Hutchins Drive PO Box 2681 Grand Cayman KY1-1111 Cayman Islands 43 19 10 1009 Butterfield Fulcrum Group (Cayman) Limited Butterfield House 68 Fort Street

More information

2 5 7 9 10 16 22 25 35 56 58 59 60 62 63 65 18 26 1,092,417 784,668 15 59.5% 02 O2O 100 VIP 30 45 WIFI POS VIP VIP G Club VIP VIP VIP 1,270,000 VIP 56.2% 500 SAP 5,300 03 04 Cricket Square, Hutchins Drive,

More information

3 707, ,007 (411,337) (371,384) 296, , ,184 4,764 (2,789) (2,194) (69,458) (32,844) (1,595) (73) 4 (102,545) (109,848) (107) 8 125,1

3 707, ,007 (411,337) (371,384) 296, , ,184 4,764 (2,789) (2,194) (69,458) (32,844) (1,595) (73) 4 (102,545) (109,848) (107) 8 125,1 Virscend Education Company Limited 1565 707,690 626,007 81,683 13.0 296,353 254,623 41,730 16.4 125,150 114,321 10,829 9.5 * 151,444 114,321 37,123 32.5 109,677 79,120 30,557 38.6 0.0487 0.0352 0.0135

More information

4 37,919 40,859 6 (1,752) (10,323) 36,167 30,536 35,919 30, (430) 36,167 30,

4 37,919 40,859 6 (1,752) (10,323) 36,167 30,536 35,919 30, (430) 36,167 30, RIVERINE CHINA HOLDINGS LIMITED 1417 2017 12 31 2017 12 31 2016 12 31 2017 12 31 3(a) 363,303 309,268 4(a) (296,434) (248,625) 66,869 60,643 3(b) 7,611 10,283 (4,682) (4,188) (42,690) (31,267) 5 (1,496)

More information

( ) :

( ) : () : 1198 2015 2 3 4 6 18 20 27 28 29 30 32 33 35 94 01 Donald H. Straszheim Donald H. Straszheim Donald H. Straszheim Donald H. Straszheim Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor,

More information

( 於開曼群島註冊成立之有限公司 ) 股份代號 : 1868.HK; 911868.TDR 2 4 11 23 25 27 29 31 32 46 2017 2 2017 183 22 10 8 1 20 2001 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 138 15 Royal

More information

,801,000 1,473,691 20,764 12,778 (548,084) (452,982) (483,269) (395,241) (97,289) (66,548) (278,473) (209,777) (85,45

,801,000 1,473,691 20,764 12,778 (548,084) (452,982) (483,269) (395,241) (97,289) (66,548) (278,473) (209,777) (85,45 Tsui Wah Holdings Limited 1314 2015 3 31 3 31 2015 2014 1,801,000 1,473,691 22.2% # 1,266,388 1,105,011 14.6% 522,188 355,412 46.9% ## 12,424 13,268 (6.4%) 157,591 156,043 1.0% 157,407 156,031 0.9% 184

More information

LILANZ L2 31

LILANZ L2 31 CHINA LILANG LIMITED CHINA LILANG LIMITED CHINA LILANG LIMITED 中國利郎有限公司 於開曼群島註冊成立之有限公司 股份代號 1234 中國利郎有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1234) 中國利郎有限公司 ANNUAL

More information

untitled

untitled China Development Bank International Investment Limited Interim Report 2016 China Development Bank International Investment Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code:

More information

Make Life in Style

Make Life in Style 01777 Make Life in Style 02 62 04 64 06 65 10 67 12 138 16 139 25 30 41 43 44 52 59 61 02 MAKE LIFE IN STYLE Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 262 1103 6021

More information

: 1393 2013 2 4 9 19 23 32 38 40 42 44 46 49 128 02 2013 8 27 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 185 16 617000 88 35 168 200 37 3702 03 Royal Bank of Canada

More information

2013 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY Cayman Islands Royal Bank of Canada Trust Company (Cayman) Limited 4t

2013 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY Cayman Islands Royal Bank of Canada Trust Company (Cayman) Limited 4t 2013 2-3 4 5-6 7-18 19-21 22-33 34-44 45-46 47 48 49 50 51-52 53 54-103 104 1 2013 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 75 4 1-3 Royal Bank of Canada Trust

More information

18,840,000 16,320,000 15.44%(i) (ii) 30,520,000 11,170,000 (i) (ii) 2

18,840,000 16,320,000 15.44%(i) (ii) 30,520,000 11,170,000 (i) (ii) 2 China Assurance Finance Group Limited 8090 1 18,840,000 16,320,000 15.44%(i) (ii) 30,520,000 11,170,000 (i) (ii) 2 3 18,836 16,316 3 2,051 3,296 (25,269) (23,650) (6,042) (1,863) 4 (17,001) (2,515) 6 (27,425)

More information

2 3 4 5 17 22 23 24 26 27 28 1 2017 7 31 2017 7 31 2017 6 29 2017 6 29 2017 6 29 2017 6 29 2017 6 29 2017 6 29 2017 6 29 2017 6 29 2017 2 26 23 2305-06 600 S2 11 Cricket Square, Hutchins Drive PO Box 2681

More information

目 錄 頁 次 釋 義......................................................... 1 董 事 會 函 件..................................................... 3 言.............

目 錄 頁 次 釋 義......................................................... 1 董 事 會 函 件..................................................... 3 言............. 此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問 應諮詢 閣下的股票經紀 其他持牌證 券商 銀行經理 律師 專業會計師或其他專業顧問 閣下如已售出或轉讓名下所有金嗓子控股集團有限公司的股份 應立即將本通函連同隨附的代 表委任表格送交買主或承讓人 或經手買賣的銀行 股票經紀或其他代理人 以便轉交買主或 承讓人 香 交易及結算所有限公司及香 聯合交易所有限公司對本通函的內容概不負責 對其準確性

More information

C Ann.indd

C Ann.indd 20171231 20171231138.792016 46.2% 23.6%0.5 8.112016 101.3% 6.5%20164.3% 33.192016101.2% 12.299.93 * 1 20171231 20171231 2017 2016 3 13,879,207 9,495,022 (10,598,430) (7,202,155) 3,280,777 2,292,867 4 106,810

More information

, ,171 (188,495) (213,231) 435, , ,024 30,302 (305,546) (319,034) (56,225) (69,190) (1,876) (1

, ,171 (188,495) (213,231) 435, , ,024 30,302 (305,546) (319,034) (56,225) (69,190) (1,876) (1 GOLDEN THROAT HOLDINGS GROUP COMPANY LIMITED 6896 2017 12 31 2016 12 31144.118.8%624.1 2016 12 31119.321.5%435.6 69.8% 2016 12 3182.9 43.8%106.2 2016 12 3141.540.3% 61.4 2017 12 31 0.06 2018 6 7-1 - 2017

More information

CBM 2

CBM 2 PETRO-KING OILFIELD SERVICES LIMITED 2178 266.1 50%132.4 310.743%177.6 44.3 43.5 13.0 18%10.7 57.5 56.7 1 CBM 2 3 (%) (%) (%) 68.3 187.1-63% 52% 70% 64.1 79.0-19% 48% 30% 132.4 266.1-50% 100% 100% 187.1118.8

More information

................................................................ 1 1....................................................... 4 2.......................

................................................................ 1 1....................................................... 4 2....................... WAI CHI HOLDINGS COMPANY LIMITED 1305 11 17 21 183 22 ................................................................ 1 1....................................................... 4 2..................................................

More information

股份代號: 1836 2015 中 期 報 告 * 僅供識別 02 03 09 10 11 23 25 28 32 01 OEM 02 Stella Luna What For JKJY by Stella Pierre Balmain 10.4% 798,000,000 722,600,00023,700,00012.2% 26,600,000 28.428.6 35.1% 26.0% 23.0%10.4%

More information

China Water_C_GM Cir.indb

China Water_C_GM Cir.indb 1129 (1) (2) (3) (4) 3-4 1721 38 338 2333301-04 48 * .................................................................. 1............................................................ 3.............................................................

More information

Fullshare Holdings Limited (: 00607) 2014 2 3 8 10 20 25 36 43 45 46 48 49 51 134 1 33 43 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 18 1 25 2526 Royal Bank of Canada

More information

untitled

untitled SINO BIOPHARMACEUTICAL LIMITED : 1177 2017 1 1177 www.sinobiopharm.com FCCA,CPA 166 1 43 SMP Partners (Cayman) Limited Royal Bank House 3rd Floor, 24 Shedden Road P.O. Box 1586 Grand Cayman KY1-1110 Cayman

More information

Essex_C_AR.indb

Essex_C_AR.indb 1061 2015 2 3 4 10 12 22 38 46 48 49 50 51 53 103 1 Mauffrey Benoit Jean Marie Mauffrey Benoit Jean Marie Mauffrey Benoit Jean Marie Mauffrey Benoit Jean Marie Mauffrey Benoit Jean Marie MBA, ACA, CPA

More information

,787,321 6,292,569 (3,178,103) (3,422,560) 2,609,218 2,870, ,824 85,775 (1,766,182) (2,108,497) (477,730) (536,273) (79,000) (98,0

,787,321 6,292,569 (3,178,103) (3,422,560) 2,609,218 2,870, ,824 85,775 (1,766,182) (2,108,497) (477,730) (536,273) (79,000) (98,0 Bosideng International Holdings Limited 3998 3 31 8.0% 5,787.3 0.5 45.1% 112.5% 280.9 708.7 2.6 3 313 31 1 3 31 3 31 3 5,787,321 6,292,569 (3,178,103) (3,422,560) 2,609,218 2,870,009 4 55,824 85,775 (1,766,182)

More information

2 4 7 14 17 26 33 35 36 38 39 41 100 88 35 88 25 Scotia Centre 4th Floor P.O. Box 2804 George Town Grand Cayman Cayman Islands 2 165 5 303 17 1702 2013 2 Royal Bank of Canada Trust Company (Cayman) Limited

More information

China Dredging Environment Protection Holdings Limited 2013 02 03 05 07 08 13 25 31 41 51 53 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 1 168 200 36 19 Codan Trust

More information

1107 4 6 10 16 39 41 44 60 65 85 93 95 98 101 105 196 4 1 27 7 7 1 27 1 27 10 8 805-6 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 1 27 5 1 100028 Royal Bank of Canada

More information

Agile Property Holdings Limited 6 14 2007 3 28 .................................................................. 1-5............................................................. 6.............................................................

More information

untitled

untitled 1062 2013 2 4 5 13 21 24 32 34 35 36 37 38 78 1 1 2 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 8 4506 4509 Royal Bank of Canada Trust Company (Cayman) Limited 4th

More information

untitled

untitled HONG LONG HOLDINGS LIMITED 1383 2007 214,796,000 2006200,812,000 1,436.0% 2007 61,459,000 200658,803,000 2,214.0% 2007 5.93 20065.67 2,180.8% 2007 6 30 26.9 11.3 1,000,000 2007 6 30 1 4 2007 2007 106,789

More information

untitled

untitled 1062 2015 2 4 5 12 26 29 38 40 41 42 43 44 80 1 1 2 3 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 8 4506-4509 Royal Bank of Canada Trust Company (Cayman) Limited 4th

More information

(CG Service)(chi) IR.indb

(CG Service)(chi) IR.indb : 6098 Country Garden Services Holdings Company Limited 2018 2 3 4 6 20 22 25 26 28 29 30 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands Conyers Trust Company (Cayman)

More information

............................................................ 1........................................................ 4....................... 5.....

............................................................ 1........................................................ 4....................... 5..... Tsui Wah Holdings Limited 1314 2015 8 14 3 50 2 16 20 (www.hkexnews.hk) 48 183 22 2015 7 14 ............................................................ 1........................................................

More information

, ,225 (162,513) (158,904) 76,828 69, ,552 2, ,625 (27,890) (21,426) (21,265) 8 (1,689) (1,113) 29

, ,225 (162,513) (158,904) 76,828 69, ,552 2, ,625 (27,890) (21,426) (21,265) 8 (1,689) (1,113) 29 AP RENTALS HOLDINGS LIMITED * 1496 2016 3 31 3 31 2016 2015 239,341 228,225 +4.9 76,828 69,321 +10.8 20,923 42,925 51.3 1 42,188 42,925 1.7 2 2.94 6.02 32.1% 30.4% 2 8.7% 18.8% 2 17.4% 38.8% 1 2016 3 31

More information

4 146, , (118,345) (114,885) 28,415 26, , (7,176) (7,330) 11 (10,281) (9,248) 12,340 10, (2,475) (2,815) 9,865 7,88

4 146, , (118,345) (114,885) 28,415 26, , (7,176) (7,330) 11 (10,281) (9,248) 12,340 10, (2,475) (2,815) 9,865 7,88 VEDAN INTERNATIONAL (HOLDINGS) LIMITED 2317 146,760 141,473 3.7% 9,865 7,886 25.1% 7,992 6,051 32.1% 0.52 0.40 30.0% 0.52 0.40 30.0% 0.262 0.200 2.043 1.560 1 4 146,760 141,473 11 (118,345) (114,885) 28,415

More information

2 4 8 12 21 31 33 34 35 36 37 38 1-2014 - 2014 2 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road George Town Grand Cayman KY1-1110 Cayman Islands 183 22

More information

2013 6 25 .............................................................. 1........................................................ 5..................................... 20...............................

More information

ROYALE FURNITURE HOLDINGS LIMITED 皇 朝 傢 俬控 股有 限公 司 於開曼群島註冊成立之有限公司 股份代號 : 1198 (Incorporated in the Cayman Islands with limited liability) Stock code:

ROYALE FURNITURE HOLDINGS LIMITED 皇 朝 傢 俬控 股有 限公 司 於開曼群島註冊成立之有限公司 股份代號 : 1198 (Incorporated in the Cayman Islands with limited liability) Stock code: ROYALE FURNITURE HOLDINGS LIMITED 皇 朝 傢 俬控 股有 限公 司 於開曼群島註冊成立之有限公司 股份代號 : 1198 (Incorporated in the Cayman Islands with limited liability) Stock code: 1198 2016 中期報告 2016 INTERIM REPORT 01 Donald H. Straszheim

More information

2018 Hope Education Group Co., Ltd

2018 Hope Education Group Co., Ltd 2018 Hope Education Group Co., Ltd. 2018 7 14 2018 8 3 1 2018 Hope Education Group Co., Ltd. 2018 7 14 2018 8 3 2 2018 Hope Education Group Co., Ltd. 2018 7 14 2018 8 3 1 Hope Education Group Co., Ltd.

More information

(1) (2) (3)

(1) (2) (3) 年報 (1) (2) (3) 2 3 4 7 10 13 21 32 34 35 36 37 38 39 CPA CPA 28 29 PO Box 309 Ugland House Grand Cayman KY1-1104 Cayman Islands 168 200 21 2115 2116 Royal Bank of Canada Trust Company (Cayman) Limited

More information

,881,477 2,114,317 8 (2,384,197) (1,630,089) 497, ,228 4,966 6, ,106 20,908 8 (28,402) (24

,881,477 2,114,317 8 (2,384,197) (1,630,089) 497, ,228 4,966 6, ,106 20,908 8 (28,402) (24 1982 2018 9 30 9 30 2018 2017 2,881.5 2,114.3 +36.3% 497.3 484.2 +2.7% 17.3% 22.9% -5.6 236.0 292.1-19.2% 241.2 292.1-17.4% 8.4% 13.8% -5.4 10.4 14.1-26.2% 10.4 14.1-26.2% 3.6 5.0 1 2018 9 30 2017 9 30

More information

2007.HK , ,

2007.HK , , 2007 2007.HK 500353 2000143 20186 4,125 623.4 4,389 1000 300 20 6 2 4 6 12 27 31 43 44 46 47 48 50 52 85 87 2007.HK 2007 4 20 2007 9 1 2007 9 10 100 2016 9 14502017 6 12 252017 12 4 2018 3 5 50 2 2018

More information

2014 LEYOU TECHNOLOGIES HOLDINGS LIMITED 年報 Annual Report 2014 Annual Report 2014 LEYOU TECHNOLOGIES HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) Stock Code : 1089 2 3

More information

untitled

untitled BExcellent Group Holdings Limited 1775 2018 7 31 7 312017 7 31 376,400,000 8.4% 408,100,000 658,0000.9%664,000 10.911.0% 12.1 34,100,000 29.0% 24,200,000 38,500,000 7.0% 41,200,000 167,600,000 7 31 3.0

More information

SOHO 104,555,000 63,904,0 61% 145,783,0

SOHO 104,555,000 63,904,0 61% 145,783,0 2008 410 SOHO 104,555,000 63,904,0 61% 145,783,0 02 17 26 27 31 SOHO SOHO SOHO 58,860 100.0% 2,242,132 90,609 2,277 39,792 SOHO 54,325 41.2% 1,066,204 612,864 12,707 48,230 * SOHO 121,5955,93948,840 SOHO

More information

Hao Wen_C_AR.indb

Hao Wen_C_AR.indb HAO WEN HOLDINGS LIMITED 2 0 1 0 (i) (ii) (iii) 01 2010 3 4 5 12 15 28 37 39 40 41 42 44 2010 02 Codan Trust Company (Cayman) Limited Cricket Square Hutchins Drive P.O. Box 268I Grand Cayman KY1-1111 Cayman

More information

Hua Han Bio-Pharmaceutical Holdings Limited 華瀚生物製藥控股有限公司 (於開曼群島註冊成立之有限公司) (股份代號: 587) 年報 2014/2015 2 4 5 8 26 32 43 50 52 53 54 56 58 61 62 148 (CPA, ACCA) Cricket Square Hutchins Drive P.O. Box 2681

More information

cover-C- FINAL.ai

cover-C- FINAL.ai 2 4 9 17 20 27 31 32 33 35 36 38 79 2. 88 35 HKICPA, FCCA HKICPA, FCCA Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 81 16 617000 232 11 1103 Butterfield Fund Services

More information

3 989,048 902,420 3 25,861 20,627 (402,840) (380,162) (256,279) (237,601) (55,812) (49,785) (58,153) (51,525) (105,918) (88,123) (68,619) (65,572) 5 (

3 989,048 902,420 3 25,861 20,627 (402,840) (380,162) (256,279) (237,601) (55,812) (49,785) (58,153) (51,525) (105,918) (88,123) (68,619) (65,572) 5 ( 1181 989,048 902,420 * 1,236,310 1,128,025 9.6% 53,200 36,853 * 66,500 46,066 44.4% 12.69 8.83 * 15.86 11.04 43.7% 9.5 6.6 43.9% 58 50 * 1 : 0.8 1 3 989,048 902,420 3 25,861 20,627 (402,840) (380,162)

More information

書冊392.indb

書冊392.indb XIANGYU DREDGING HOLDINGS LIMITED () : 871 2012 Design And Produced By: EDICO Financial Press Services Limited 02 03 04 05 06 09 17 25 35 46 48 02 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman

More information

Kangda International Environmental Company Limited 康達國際環保有限公司 於開曼群島註冊成立的有限公司 股份代號 6136 年度報告 2 4 6 18 24 40 56 61 62 64 66 68 164 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman

More information

EAGLE LEGEND ASIA LIMITED 936 51% ............................................................ 1...................................................... 4................................... I-1.................................

More information

Bojun Education Company Limited [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 1.0% % 0.005% 0.01 [ ] [ ] [ ] [ ] [ ] [ ] 342C [ ] [ ][ ] [

Bojun Education Company Limited [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 1.0% % 0.005% 0.01 [ ] [ ] [ ] [ ] [ ] [ ] 342C [ ] [ ][ ] [ Bojun Education Company Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) Bojun Education Company Limited [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 1.0% 0.0027% 0.005% 0.01 [ ] [ ] [ ] [ ]

More information

C06863_2016IR_1219_1515.pdf

C06863_2016IR_1219_1515.pdf Huishan China Huishan Dairy Holdings Company Limited 06863 2016/2017 02 03 04 33 41 42 43 44 46 49 50 2016/17 6863 16 19 01 ir@huishangroup.com www.huishandairy.com 16 19 01 Floor 4, Willow House Cricket

More information

Billion_C_GM Cir.indb

Billion_C_GM Cir.indb BILLION INDUSTRIAL HOLDINGS LIMITED 2299 1 15012529 (http://www.hkexnews.hk) (http://www.baihong.com) 18317 1712171648 ............................................................. 1 1....................................................

More information

2 3 7 8 18 29 31 33 34 36 37 39 100 01 Floor 4 Willow House Cricket Square P.O. Box 2804 Grand Cayman KY1-1112 Cayman Islands 18 2 13 2-12 305 33 18 0660 www.0660.hk 02 373,582,000 380,680,000 1.9% 8,798,000

More information