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1 ASR LOGISTICS HOLDINGS LIMITED

2 i

3 Hollyview International Limited Mass Talent Financial Limited ,150, ,000,000 1

4 ,000,000 20%161,372, ,533 2

5 0.005 Nobletree Limited United Win International Corporation 2389 % 3

6 ASR LOGISTICS HOLDINGS LIMITED rd Floor, Queensgate House 113 South Church Street KY1-1002, Cayman Islands ,150, ,000,000 4

7 (i)(ii) (iii)(iv) (v) (i) (ii) United Win International Corporation (iii) (iv) 2389 (i) (ii) ,550,000 5

8 85,150, ,000,000 (i) 25,990,000(ii) 87,000,000 (iii) (a) (b) (c) 14 (d) (e) (f) A 6

9 (a)(b)(c) (a) (b) (a) (b) (c) (c) 806,860,000131,000, % 13.97% 7

10 0.65 (i) % (ii) % (iii) % (iv) %

11 ,533 * * * * * * = * 9

12 26,110 (1,067) (99) (1,454) (1,067) (99) (1,454) 26,110,000 1,360,000(i) 760,000 (ii)510,000 26,030,000 4,219 75,942 10

13 10634 (i) 60,890,000(ii) 40,830, % 35.18% 11

14 218,440, ,620, ,610,000177,630,000 (i)(ii) Hollyview International Limited 1 147,810, ,810, ,193, ,193, Mass Talent Financial Limited 3 104,800, ,800, ,116, ,116, ,000, ,940, ,940, ,860, ,860,

15 1. Hollyview International Limited100% % 3. Mass Talent Financial Limited100% 25% 100% (i) (ii) 50% (i) (ii) 59.12%

16 Hollyview International Limited Mass Talent Financial Limited 14

17 1. (i)(ii) (iii)(iv) ( ,878,000 40, , ,878 4,240,000 32,264,278 28,813,0006,400,332 15

18 3. 4. (i) (ii) 5. 16

19 17

20 A. Nobletree Limited 18

21

22 2 42,542,525 20

23 8 289,784,300 26,109,904 (245,932,249) (25,351,555) 43,852, , , (9,914,148) (1,454,895) (944,313) (683,393) (1,067,386) 33,937,906 (1,454,329) (98,675) (683,276) (1,067,386) 10 (7) (5) (797) (797) 33,937,899 (1,454,334) (99,472) (684,073) (1,067,386) 12 (5,264,132) 13 28,673,767 (1,454,334) (99,472) (684,073) (1,067,386) 21

24 16 3,118,801 2,079,201 68,570, ,672,986 94,152,331 69,339, ,931 37,931 34,431 34, ,079,639 2,859,882 1,044,598 33,981 94,668,799 95,234,860 95,487,476 34,431 11,457,845 18,000 26, ,392,153 64,837,050 68,392,069 42,550, ,024,257 5,264,132 5,264,132 69,138,387 70,119,182 68,392,069 42,576,957 25,530,412 25,115,678 27,095,407 (42,542,526) 28,649,213 27,194,879 27,095,407 26,028, ,649,212 27,194,878 27,095,406 26,028,020 28,649,213 27,194,879 27,095,407 26,028,021 22

25 1 (24,555) (24,554) 28,673,767 28,673, ,649,212 28,649, ,649,212 28,649,213 (1,454,334) (1,454,334) 1 27,194,878 27,194, ,194,878 27,194,879 (99,472) (99,472) 1 27,095,406 27,095, ,095,406 27,095,407 (1,067,386) (1,067,386) 1 26,028,020 26,028, ,194,878 27,194,879 (684,073) (684,073) 1 26,510,805 26,510,806 23

26 33,937,899 (1,454,334) (99,472) (684,073) (1,067,386) (3) (566) (156) (117) (87,133) 1,039,600 1,039, , , ,629 34,977,503 (415,295) 680,370 (76,959) (140,757) (135,931) 98,000 3,500 3,500 0 (60,172,986) 11,451,845 (11,439,845) (18,000) (18,000) 26,897 6,024,257 (6,024,256) (7,855,312) (17,781,396) 665,870 (91,459) (113,860) (5,264,132) (7,855,312) (17,781,396) (4,598,262) (91,459) (113,860) (2,479,346) 3 (2,478,780) (7) (5) (797) (797) 10,715,198 18,444,897 3,555,815 (25,999,760) 32,471 26,079,639 10,715,191 18,444,892 3,587,489 (797) 79,879 2,859,882 (1,815,284) (1,010,617) (92,139) (33,981) 2,859,882 1,044,598 1,044,598 33,981 2,859,882 1,044,598 33, ,459 2,859,882 1,044,598 33, ,459 24

27 United Win International Corporation ,542,525 25

28

29 27

30 a) b) 28

31 a) b) c) 3.33% 25% 29

32 30

33 (A) (i) (ii) (iii) (B) (i) (ii) (iii) (iv) (v) 31

34 (vi) (A) (vii) (A)(i) (viii) 32

35

36 7. (a) (b) 34

37 11,457,845 11,457,845 11,457,845 46,392,153 46,392,153 46,392,153 6,024,257 6,024,257 6,024,257 63,874,255 63,874,255 63,874,255 18,000 18,000 18,000 64,837,050 64,837,050 64,837,050 64,855,050 64,855,050 64,855,050 68,392,069 68,392,069 68,392,069 26,897 26,897 26,897 42,550,060 42,550,060 42,550,060 42,576,957 42,576,957 42,576,957 (c) 35

38 (d) (e) 135,931 37,931 34,431 34,431 26,079,639 2,859,882 1,044,598 33,981 2,995,813 1,082,529 26,148,051 34,431 11,457,845 18,000 26,897 46,392,153 64,837,050 68,392,069 42,550,060 6,024,257 63,874,255 64,855,050 68,392,069 42,576,957 36

39 8. 289,784,300 26,109, , ,

40 11. 10% A 289,784,300 B 26,109, ,784,300 26,109, ,264, % 38

41 33,937,899 (1,454,334) (99,472) (684,073) (1,067,386) 16.5% 5,599,753 (239,965) (16,413) (112,872) (176,119) (335,618) 239,965 16, , ,119 (3) 5,264, ,039,600 1,039, , , ,629 8,000,000 8,000,000 30,000 18,000 18,000 16, ,809 16, ,809 39

42 ,158,401 4,158,401 (4,158,401) (4,158,401) 69,497,176 69,497,176 69,497,176 69,497,176 40

43 1,039,600 1,039,600 1,039,600 1,039,600 1,039,600 1,039,600 2,079,200 2,079, , ,334 (2,945,534) (2,945,534) 926, , , ,629 3,118,801 3,118,801 2,079,201 2,079,201 68,570,547 68,570,

44 (1)(d) 26,079, (1)(d) 26,079,639 26,079,

45 20. 10, ,158,401 3,032,66723,837,792 43

46 23. P

47 B ,000 1,060,000380,000 56%320, ,000 1,060,000380,00056% 320,000 45

48 26,110,000100% 1 1,450, ,000510,000 35%(i)170,000 (ii)100,000 1,450,000 90,0001,360,00093% (i)760,000 (ii) 510, ,780, ,910,000 1,450,0008,460,000 85%(i)8,000,000 (ii) 420,000 46

49 28,670,000 1,450,00030,120, %(i)43,850,000(ii) 8,000,000(iii)420,000 94,190,00091,810,0002,380,000 3% 95,450,00094,190,000 24,810,00026% 30,00095,420,000100% 2,860,0001,040,00030, ,790,00097,310,00095,490,000 68,600,00069,130,00070,120,000 68,390,00042,580,000 28,650,00027,190,00027,100,00026,030,000 47

50 26,080,000 6,020,000 46,390,00064,840,00068,390,000 42,550,000 48

51 8,440,000100, ,160, ,780,000245,930,00043,850,000 94,690,000 90,000760, % 257.8%,252.4%163.6% 49

52 A. (1) 50

53 (2) ,711 68,571 78,282 16,572 1,000 95,854 2,282 2,282 2,282 15,878 15,878 15, ,051 2,051 2,051 30,450 68,571 99, ,593 84,711 84,711 84,711 12, ,865 12, ,456 6,456 6,456 82,993 82,993 (1,000) 81, , , ,024 96,435 96,435 96,435 29, ,760 29,760 44,037 44,037 44, ,400 6,400 6,400 42,550 42,550 (42,550) 176,668 42, , ,695 11,322 (42,543) (31,221) 10,329 41,772 26,028 67, ,922 51

54 ,833 26,028 66, ,983 4,034 4, ,689 33,549 26,028 59,577 15,917 42, ,044 3,250 3,250 3,250 40,833 26,028 66, ,983 52

55 (3) (1) (2) (3) 131,000, ,150 (26,028) (42,550) 16,572 53

56 (4) (5) 1,000,00016 (6) 54

57 B. 55

58 (7)

59 (a) (b) (c) 29(1) P

60 (852) (852)

61

62 6. 7. BCom(Property) MFin PhD(BA) BA (Business Admin) MSc (Real Estate) MHKIS RPS(GP) AAPI CPV CPV(Business) MRICS Registered Valuer

63 ,000, , ,533 UB , Nobletree Limited a RDM b RDM S/H25/4 61

64 5. 6. * * * * * * = * ,4006.3%692, %171,400 3% 62

65 1. 2. (a)(b) 4,000,000,000 20,000, ,860,000 4,034, ,000, , ,860,000 4,689,

66 3. XV(a) XV78 (b)352 (c) (i) (%) 147,810, ,800, (ii) (%) Hollyview International Limited 100 Mass Talent Financial Limited

67 % XV23 5% (%) Hollyview International Limited1 147,810, ,193, Mass Talent Financial Limited3 104,800, ,193, ,116,

68 1. Hollyview International Limited100% % 3. Mass Talent Financial Limited100% XV23 5% ,000,0002.5% 30,000,0002.5% 66

69 8. 9. (a) (b) 7,000,000 (c) 900,000,000180,000,

70 11. (a) 3rd Floor, Queensgate House, 113 South Church Street, P.O. Box 10240, Grand Cayman, KY1-1002, Cayman Islands (b) (c) (d) (e) (a) (b) (c) (d) 68

71 (e) (f) (g) (h) 69

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