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1 PAK FAH YEOW

2

3 2 Clarendon House Church Street Hamilton HM 11 Bermuda The Bank of Bermuda Limited 6 Front Street Hamilton HM 11 Bermuda pfy@pfy.com.hk

4 4 Q-Mark ISO (E) Good Manufacturing Practice (GMP) Good Manufacturing Practice (GMP)ISO (E) Q GMP

5 23,787,000 24,899,0004.5% 22.5%26,127,00020,255,000 1,280,0003,148,000 2,728,000 5,152,0008,972, %3,820,000 3,928,000 3,676,000 4,660,000 5

6 6 2,153,0001,566, ,000 46,600,000 38,872,000229,981,000221,679, % 20.3% 145,017,000138,980,000 19,650,00026,824, ,600,00038,872,000

7 111 7

8 8

9 ,850,000 79,100,000 8,837, , ,518,362 9

10

11 29 11,446, ,900 27,218,100 39,656, ,563,700 26,053,300 30,617, ,000 8, , ,800 2, ,244, ,111 8,955, ,800,000 2,800, , , ,218,100Hexagan Enterprises Limited 39,656, % 11

12 ,053,30031%Gan s Enterprises Limited30,617, % 4. Hoe Hin Pak Fah Yeow (B.V.I.) Limited (1)

13 81%44% 74% 37% 5% Loughborough University of Technology 13

14

15

16 ,109,445 92,133, ,663,974 1,976,285 (290,474) (2,820,827) (21,747,256) (17,238,956) (16,438,335) (16,744,971) (2,390,570) (5,851,795) (529,120) 3,124,688 3,927,589 (27,834,273) (23,076,266) 5 31,470,980 31,501,553 6 (3,693,012) (2,662,013) 27,777,968 28,839, (3,990,612) (4,011,055) 23,787,356 24,828,485 70, ,787,356 24,898, ,950,000 18,850,

17 14 93,031,794 86,722, ,968,118 58,674, ,334,700 1,767, ,000 1,230, ,214, ,395, ,690,572 10,731, ,036,109 29,652,970 7,841,691 11,048, ,599,755 20,177,928 51, , ,458,945 32,639,129 9,338,248 34,623, ,016, ,980, ,969,471 9,255,788 3,768,656 3,892, ,244 2,862,310 9,172,084 9,153, ,775 1,660,580 19,650,230 26,824, ,366, ,155, ,600,000 38,871, ,981, ,679, ,000,000 13,000, ,981, ,679, ,981, ,679,

18 ,339,832 84,339, , ,888 95,354,290 82,187,922 40,012 31, ,049,094 5,248,815 19,822,628 5,030, ,634,881 92,652, , ,587 81,042,176 51,653,796 1,811,409 1,722,158 9,172,084 9,153, ,986 93,114,875 62,829,170 28,520,006 29,823, ,859, ,163, ,000,000 13,000, ,859, ,163, ,859, ,163,650

19 4,518,362 5,575,453 (142,409) 59,145 75,374 (693,603) 4,451,327 4,940,995 23,787,356 24,898,568 28,238,683 29,839,563 19

20 ,976,985 34,757,976 (3,683,309) (3,092,596) (14,931,545) (20,127,098) (18,614,854) (23,219,694) 106, ,359 (5,682,584) (1,217,719) (231,045) (381,444) (5,807,316) (876,804) (26,540,900) (6,198,051) (16,120,932) (8,424,153) (3,522,897) (1,199,789) (1,948,999) 899, ,613 11,007,143 (40,378,917) (11,093,334) (34,824,102) (431,856)

21 27 (35,998,500) 46,600,000 (769,809) 10,601,500 (769,809) (24,222,602) (1,201,665) 32,962,806 34,306,001 (169,731) (141,530) 8,570,473 32,962,806 9,338,248 34,623,386 (767,775) (1,660,580) 8,570,473 32,962,806 21

22 22

23 23

24 24 20

25 ,662,760 65,700 2%

26 26

27 81,214,127 81,245,594 20,254,971 26,127,132 6,985,287 6,300,444 8,972,000 5,151,232 4,659,536 3,676,001 4,659,536 3,676, , ,183 (2,415,527) (263,175) 93,109,445 91,613,222 31,470,980 34,691, ,173 (3,189,637) 93,109,445 92,133,395 31,470,980 31,501,553 27

28 28 46,378,451 48,487,431 16,390,267 20,581,927 17,151,687 19,729,266 (1,279,994) 3,148,028 19,122,822 11,789,441 7,109,322 4,669,333 4,211,912 5,740,588 1,138,244 1,437,756 5,898,747 4,989,250 7,968,783 4,608, , , , ,482 93,109,445 91,613,222 31,470,980 34,691, ,173 (3,189,637) 93,109,445 92,133,395 31,470,980 31,501,553

29 95,064 68, ,194 60,370 2,170,048 1,317,589 78, , , ,685 75,800 (122,431) 138, ,313 3,663,974 1,976, , ,972 (225,000) (509,403) 30,528,279 31,215,423 4,104,806 2,538,558 (55,306) 204, ,000 1,696,344 1,882,070 1,094, , , , , ,443 (6,689,411) (5,800,001) 199, ,929 29

30 30 3,693,012 2,662, ,1733,189,637 1,000, , ,000 2,612,220 2,374, , ,424 89,251 81,377 2,000 1,152,051 1,049, , ,137 4,802,802 4,465, %2.5%

31 1,000, ,000,0011,500, ,500,0012,000,000 2,000,0012,500, ,00060, ,092,630 1,192,478 2,000 1,094,630 1,192,478 1,000,000 31

32 32 3,280,012 4,186,500 (25,382) (520,183) 3,254,630 3,666, , , ,324 41, , ,738 3,990,612 4,011,055 16%16% (1,090,601) (1,138,276) 1,960,928 1,573,563 5, , , , ,367 1,587,161 1,162, , ,367

33 47,675 (91,998) 387, ,429 (10,285) (44,432) 424, ,999 23,787,35624,898,56813,646,188 12,272, ,850,000 3,250, ,500, ,100,000 9,100,000 14,950,000 18,850,000 33

34 34 23,787,35624,898, ,000,000130,000,000 14,650,000 1,650,000 70,422,993 86,722,993 (4,719,243) (4,719,243) 16,120,932 16,120,932 (9,611,250) (9,611,250) (1,350,000) (150,000) 6,018,362 4,518,362 13,300,000 1,500,000 78,231,794 93,031,794 Memfus Wong Surveyors LimitedHealey & Baker Victor Morris Team Pte. Limited 23

35 17,800,001 27,800,000 10,226,898 18,066,967 1,345,930 75,239, , ,554 1,199,789 (1,200,001) (200,000) (1,400,001) (4,765,971) (4,765,971) 16,600,000 27,600,000 10,690,133 14,037,550 1,345,930 70,273,613 10,690,133 14,037,550 1,345,930 26,073,613 16,600,000 27,600,000 44,200,000 16,600,000 27,600,000 10,690,133 14,037,550 1,345,930 70,273,613 4,670,193 10,856,009 1,038,758 16,564, , , , , ,586 2,390,570 (136,983) (591,489) (728,472) (3,921,563) (3,921,563) 5,272,187 7,840,964 1,192,344 14,305,495 16,600,000 27,600,000 5,417,946 6,196, ,586 55,968,118 17,800,001 27,800,000 5,556,705 7,210, ,172 58,674,836 Memfus Wong Surveyors Limited 50,900,000 51,700,000 35

36 36 17,369,785 7,156,948 17,369,785 7,156,948 1,344,700 1,767,800 1,344,700 1,767,800 1,344,700 1,767,800 17,369,785 7,156,948 18,714,485 8,924,748 9,246,770 12,075,980 9,246,770 12,075,980 2,983, ,000 2,983, ,000 12,229,970 13,020,980 12,229,970 13,020,980 1,809, ,800 1,809, ,800 24,806,955 18,677,128 24,806,955 18,677,128 1,344,700 1,767,800 2,983, ,000 4,327,900 2,712,802 1,344,700 1,767,800 29,599,755 20,177,928 30,944,455 21,945,728 26,616,555 19,232,928 26,616,555 19,232,928 29,599,755 20,177,928 29,599,755 20,177,928 1,344,700 1,767,800 1,344,700 1,767,800 1,344,700 1,767,800 29,599,755 20,177,928 30,944,455 21,945,728

37 3,027, ,144 3,027, ,144 3,021,373 4,283,671 3,021,373 4,283,671 6,049,094 5,248,815 6,049,094 5,248,815 6,049,094 5,248,815 6,049,094 5,248,815 84,339,832 Biotech Products Limited 1 37

38 38 4,000, Hoe Hin Pak Fah Yeow 20, (B.V.I.) Limited 1 22, ,000 ** 2 1, ,200, ** 2 1 *Princely Profits Limited *Princesland International Limited 1

39 Velton Enterprises 30, Limited 1 * ** 776,040 1,066,514 3,704,376 5,308,405 4,210,156 4,356,840 8,690,572 10,731,759 39

40 40 27,868,48324,998, ,052,671 12,319, ,503,103 6,349, ,975 4,702, ,734 1,625,748 27,868,483 24,998, , , , , , , , , % 93,031,79463,842,993

41 300,000, ,000, ,000, ,000,000 80% 10% 41

42 42 24,925,458 24,925,458 24,925,458 24,925,458 67,707,053 67,707,053 12,808,008 12,808,008 30,591,456 25,016,003 (2,455,235) 4,518,362 5,575,453 (2,531,696) 30,122,887 30,591,456 2,592,609 2,885,763 (142,409) 59,145 (352,299) 2,450,200 2,592,609 32,573,087 33,184,065 (235,500) 458,103 75,374 (693,603) (160,126) (235,500) 137,997, ,596,516 8,531,139 15,108,841 23,787,356 24,898,568 13,646,188 12,272, (14,950,000) (18,850,000) (14,950,000) (18,850,000) 352, ,834, ,997,383 7,227,327 8,531, ,981, ,679,414 99,859, ,163,650

43 (a) (b) 7,227,327 8,531,13967,707,05367,707,053 (a) 41,30031,080 (b) 347,760524,27571,073 85,640 (c) 10% 199,474193,929 (d) 46, ,318 43

44 44 27,777,968 28,839, ,120 (3,124,688) (55,306) 204,391 (3,927,589) 3,693,012 2,662,013 2,390,570 5,851,795 1,094,658 (225,000) (509,403) (997,674) (111,254) 423,100 2,041,187 6,126,859 1,208,972 (8,806,038) (4,181,554) 2,730,826 (123,502) (200,723) 1,423,681 29,976,985 34,757, ,809 40,170,000 (1,298,109) (769,809) 38,871,891 (2,873,391) 10,601,500 46,600,000

45 83,091,854 75,071,89147,367,775 41,327,071 93,031,794 63,842,993 57,458,945 32,639,129 21,153,903 10,625, ,644, ,107, , , , , ,877 1,030,934 45

46 46 1,124, ,300579,500 58,603

47 46,600,0006,425,

48 48 93,667,131 90,763,845 94,093,523 92,133,395 93,109,445 36,006,218 15,822,231 31,568,003 28,839,540 27,777,968 (5,379,010) (3,149,940) (2,015,163) (4,011,055) (3,990,612) 30,627,208 12,672,291 29,552,840 24,828,485 23,787,356 (16,484) 231, ,833 70,083 30,610,724 12,903,375 29,823,673 24,898,568 23,787,356 18,200,000 9,100,000 13,650,000 18,850,000 14,950, ,730, ,314, ,707, ,395, ,214,612 98,222,480 40,758, ,222, ,155, ,366,554 (66,430,000) (40,170,000) (40,170,000) (38,871,891) (46,600,000) 216,522, ,903, ,759, ,679, ,981,166 13,000,000 13,000,000 13,000,000 13,000,000 13,000, ,522, ,562, ,689, ,679, ,981, ,916 70, ,522, ,903, ,759, ,679, ,981,166

49 (%) 1. 2, B A 5. No. 30 Kallang Pudding Road No Valiant Industrial Building Singapore, Princess Court 7, Queensway London, W2, United Kingdom Camden High Street 3, London, NWI 49 United Kingdom

50 50 (%) Pacific Plaza Palace Court D (%) 1. 3, , ,

Pak Fah Yeow International Limited PAK FAH YEOW INTERNATIONAL LIMITED * 239 4 9 10 11 17 238 3 22 23 200 11 * ............................................................... 1.........................................................

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