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1 2014/2015 : 1140

2

3 2 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, George Town Grand Cayman KY Cayman Islands P.O. Box 309GT Ugland House South Church Street George Town Grand Cayman Cayman Islands

4 3 QDII RQFII78.6 OP Investment Management

5 % Dance Biopharm 2, % 1, % % % 1, % % % % 1, % 772, % 652, OPIM Nobel Holdings Investments Ltd

6 5 1, ,000 58,000 30,000 OP Investment Management ,300 46% A 30% A50 ETFETF ETF 50

7 6 OP Investment Management OPIMOPIM OP Investment Management OP Investment Management (Cayman) Limited OP Investment Management Limited OPIM , Real Estate Opportunity Capital Fund, 1,180 Greater China Select Fund, 2,220 OPIM OPIM OPIM Miran Multi-Strategy Fund, 8,850 Greater China Special Value Fund, 1,300 OPIM , %

8 % (i) 2.538(ii) OPIM 1,180(iii) Grand Central Tian Di L.P.Grand Central Grand Central 180.8% Grand Central % 2.132(i)4,000 (ii)opim3,840 6,320OPIM ,720 1,3805, ,099 8, ,525 15, ,181 6,286 31,805 30,488 (1) Valueworth Ventures Limited (2) 1,5501,550 (3)

9 8 1,160 1,610 (i) 1,580(ii) 420 OPIM 210(2) 210 OPIM 9,030 8,950 3,470 6,320Miran Capital Management Ltd ,090(i) 9,920 OPIM(ii) 9,030(iii) 200 1,380 OPIM Dance Biopharm (40,027) (40,501) (5,417) (3,963) (38,430) 21,430 (521) (109) (7,170) 15,669 (7,607) 7,607 (99,172) 133

10 ,360,000941,400,000 Greater China Select Fund1.419 Greater China Special Value Fund4,790 5,250 Phoenixinvest Pacific Fund Grand Central Tian Di, L.P ,9101,830

11 ,000864,000 45,097,000 56,383,000 4, ,396,000

12 Vimetco N.V

13 12 60 ING Enron Corporation 50Jin Dou Development Fund, L.P

14

15 14 4, ,396, % 5%

16 15 27 XV XV ,800, ,800, % ,800, ,800, % (1) 941,396,000 (2) Ottness Investments Limited OIL 330,000,000 Oriental Patron Financial Services Group Limited OPFSGL 29,800,000 (3) OIL Oriental Patron Financial Group LimitedOPFGLOPFSGL 95%OPFGLOPFGL 51% 49%OIL OPFSGL 352

17 % 1 OIL3 330,000, ,000, % OPFGL ,800, ,800, % Primus Pacific Partners Investments 2 Ltd 4 155,040, ,040, % Primus Pacific Partners 1 LP 4 155,040, ,040, % Primus Pacific Partners (GP1) LP 4 155,040, ,040, % Primus Pacific Partners (GP1) Ltd 4 155,040, ,040, % 4 155,040, ,040, % 4 155,040, ,040, % (1) 941,396,000 (2) OIL330,000,000OPFSGL29,800,000 (3) OIL OPFGL OPFSGL 95%OPFGLOPFGL OIL OPFSGL

18 17 (4) Primus Pacific Partners Investments 2 LtdPPPI-2 155,040,000 Primus Pacific Partners (GP1) LtdPPP-GP150%PPP-GP1Primus Pacific Partners (GP1) LPPPP-GP1-LP PPP-GP1-LPPrimus Pacific Partners 1 LPPPP1-LPPPP1-LPPPPI-2 PPP-GP1 PPP-GP1-LP PPP1-LPPPPI-2 5% 25% 27

19 18 14A A.56 (a) 1.5%360 10% 36,000,000 19,557,00019,801, OPFSGL OPFSGL (b) 241,098 2,893,176 2,527,000 14A.07 14A (i) (ii)(iii)

20 19 (c) A (i)(ii) (iii) 14A

21 ,

22 21 A A

23 22 (i)(ii) (iii)

24

25 /1 38/38 4/4 1/1 2/2 1/1 38/38 4/4 1/1 2/2 1/1 4/4 3/3 1/1 1/1 2/2 1/1 4/4 3/3 1/1 1/1 2/2 0/1 4/4 3/3 1/1 1/1 2/2

26 25

27 26 855,000790, ,000270, ,500 15

28 (a)

29 28 (i)(ii) (iii)

30 /

31 2014/ ,805 30, ,820 13,236 25,897 (1,652) (9,805) 11,584 16,092 4, , (1,426) 17 (90,309) (3,831) 22 (1,142) 1,958 (44,574) (43,053) (87,757) 27, ,520 34,651 1,763 61,968 9 (4,714) (14,748) 10 (2,951) 47,220 (55) (1,088) (99,172) ,309 3,831 (2,071) 3, (78) (10,898) 6,440 (13,849) 53, ,070 12(a) (0.003) (b) (0.003)

32 / , , , , ,823 16, , , , , ,399 10, , , , , ,570 1,292,577 1,353, ,140 94, ,172,716 1,185, ,070 1,266,856 1,326,619 6,329 11,925 19,392 14,678 25,721 26,603 1,292,577 1,353,222 1,266,856 1,326,

33 2014/ , , , ,264 60, , , ,182 57, ,502 4, , , , ,147 1,060,412 1,129, ,140 94, , , ,070 1,057,691 1,127,189 2,721 2,583 2,721 2,583 1,060,412 1,129,772 1,057,691 1,127,

34 / , ,683 19,742 8,555 1, ,411 1,273, ,510 1, (3,468) (3,468) 1,256 1,256 7,606 (1,166) 47,220 53, (47,070) 47,070 94, ,683 19,040 16,161 (36) 184,561 47,070 1,326, ,142 1, (1,705) 1, (3) (3) (10,934) 36 (2,951) (13,849) 11 (47,070) (47,070) 94, ,680 18,494 5, ,315 1,266,

35 34 1,763 61,968 (9,099) (8,698) (7,181) (6,286) 466 (1,563) (4,242) (25,248) 1,426 (11,584) (16,092) 90,309 3,831 (89,520) (34,651) 1,142 (1,958) (27,935) (27,255) 137,668 (136,383) 253,809 1,581 (17,080) (197,000) (31) (1,874) (8,596) 8,871 20,339 (34,432) 34,643 8,947 7,142 6,215 (70) 62,124 (19,340) (1,264) (16) (15) (1,895) (1,280) (1,910)

36 35 (4) (47,070) (47,074) 13,770 (21,250) 500, ,953 (527) , , , ,

37 36 1. P.O. Box 309 GT, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands (a)

38 37 2. (b)

39 38 2. (b)

40 (a) (i)

41 40 3. (a) (ii) (iii) (iv)

42 41 3. (a) (v) 20% 50%

43 42 3. (a) (vi) 18(c) (vii) 11 (b) (c) (i) (ii)

44 43 3. (c) (ii) (iii) (d) 25% 25% 25%

45 44 3. (d) (e) (f) (i)

46 45 3. (f) (ii) (iii)

47 46 3. (f) (iv) (g)

48 47 3. (h) (i) (j) (i) (ii)

49 48 3. (k) (i) (ii) (iii) (l) (i) (ii) (iii) (iv)

50 49 3. (m) (n) (o) (i)

51 50 3. (o) (ii) (iii) (p)

52 51 3. (q) (i) (ii) (iii) (iv) (v) (i) (iv) (vi) (iv) (v) (vii) (r) (s)

53 52 4. (a) (b) (c) (d)

54 53 4. (e) 90,309,0003,831, (a) 213, , , ,548 11,823 16,545 9,538 13, , ,132 25,721 26,603

55 54 5. (b) (i) 691, ,00045,097,00056,383, ,000282,000 (ii) 516,375,000503,132, ,283,0001,250,000

56 55 5. (b) (iii) 10%15,569,000 38,409,00021,320,000 31,238,000 (iv) 42% 28% 3,877,0003,868,000

57 56 5. (b) (v) 513,375,000500,132,000 25,721 26,603 (c) 13

58 57 5. (c) 20,182 20, ,680 11, ,503 11,229 11, , ,975 31, , , ,889 16, , ,275 (#) (1,652) (1,652) (93,755) (93,755) (3,070) (3,070) 11, , ,798 (#) (1,652) (1,652)

59 58 5. (c) 6,818 6, ,730 16, ,275 16,646 16, , ,730 23, , , , ,972 10, , ,387 (#) 21,880 4,904 (10,561) 16,223 4,096 4,096 (300) (300) 14,002 17,080 31,082 (138,852) (2,361) (141,213) 16, , ,275 (#) 4,124 (10,561) (6,437) #

60 59 5. (c) 1718 OPIM OPIMC 8, % 9.32%/3.04% Thrive World Limited 162, % Jin Dou Development, L.P. 6,295 Dance Biopharm Inc. 25,579 Real Estate Opportunity Capital Fund 11,823

61 60 5. (c) OPIM OPIMC 46, % 7.25%/3% Thrive World Limited 202, % Jin Dou Development Fund, L.P. 6,816 Dance Biopharm Inc. 32,749 Valueworth Ventures Limited 7,607 Real Estate Opportunity Capital Fund 16,545

62 ,099 8,698 15,525 15,504 7,181 6,286 31,805 30, , , ,204 6,149 15,675 23, ,805 30,488

63 , ,731 10%15,525,0007,674,000 10%15,504,000 6,605,000 10%15,525,00022,110, (a) 16.5%16.5% 4,714 14, ,714 14,748

64 63 9. (b) 1,763 61, ,728 (20,042) (5,357) 18,876 4,930 4,994 (2) (1) (130) (1,194) 70 4,714 14, (a) 861 1, ,146 1, ,557 19,800 2,893 2,539 17,719 16, ,142 1,510 19,088 18,339 (b) 23,567,000162,466,000 23

65 ,069, (a) (2,951) 47, , ,400 (0.003) (b) 13. (a) ,023

66 (a) ,023 1,000, (b) 8,022 10, ,880 1,750 12,989 12,269

67 (b) 1,000, ,000,0011,500, ,500,0012,000, ,000,0012,500,000 2,500,0013,000, ,000,0013,500,000 3,500,0014,000, ,000,0014,500,

68 , , ,617 12

69 Golden Investor Investments Limited 2 100% 1 100% OPFI (GP1) Limited 1 100% OPFI GP(2) Limited ,000, % 98.5% 1 100% 1 100% Profit Raider Investments Limited 1 100% Prosper Gain Holdings Limited 1 100% River King Investments Limited 1 100% Suremind Investments Limited 1 100% 1 100%* Keynew Investments Limited 1 100%* %* 1 100%* Wisland Investments Limited 1 100%* *

70 Golden Investor Investments Limited 2 100% 1 100% OPFI (GP1) Limited 1 100% 1 100% 1 100% Profit Raider Investments Limited 1 100% Prosper Gain Holdings Limited 1 100% River King Investments Limited 1 100% 1 100% Suremind Investments L imited 1 100% Crown Honor Holdings Lim ited 100, %* Keynew Investments Limited 1 100%* Wisland Investments Limited 1 100%* *

71 OPFI GP(2) Limited OPFI GP(2) Limited OPFI GP(2) Limited200,000,000Grand Central Tian Di, L.P. 50%OPFI GP(2) Limited200,000,000 OPFI GP(2) Limited 197,000,000 Glory Yield (i) Glory Yield Holdings LimitedGlory YieldGlory YieldGlory Yield(ii)Glory Yield 56,817,000203,600,000Glory Yield 25,248,000 Glory Yield 134,344 51, (56,817) (1,465) 127,675 21,880 3,368 25, ,600 (14,600) (51,332) 137,668 Valueworth Valueworth Ventures LimitedValueworth92% ValueworthValueworthValueworth 21,000

72 ,591 61, ,710 60, , ,749 61, ,710 60,000 60,800,000 60,000, % % 61, , ,278 60, , ,778 2,990, % 29.9% 2,990 2,990 6,054 4,877 6,054 4,877 OP Investment Management Limited OPIM 1,464, % 2 30% 1, ,464 1, OP Investment Management (Cayman) LimitedOPIMC % 2 30% Prodirect Investments LimitedPIL % 30% Harmony Plus Holdings Limited Harmony Plus % 4 2,184 2,184 2,184 Miran Capital Management Limited MCM % 5 3,075 3, % 6 Grand Central Tian Di, L.P. Grand Central 200,000,000 50% 3 200, , ,158

73 ,0001,264, % 24% 13,333,333 25%23.68% 1,426,000 2 OPIM OPIMC OPIM OPIMC 3 OPFI GP(2) Limited Grand Central Tian Di, L.P.Grand CentralOPFI GP(2) Limited Grand Central50% Grand Central4OPFI GP(2) Limited50%2OPFI GP(2) Limited1200,000, ,000,000 3,000,000 Grand Central Grand Central (i) 5.20(ii) 5.60(iii) 6.40 Grand Central Grand Central 48.76%Grand Central 4 Harmony Plus 20% 2,184,000 5 MCM 29%0.29 Miran Multi- Strategy Fund 6 30% 3

74 , ,553 5,539 5,053 (196,063) (122,907) 744, , , , , , , ,408 (5,105) 1, , ,810 67,362 34,651 (1,980) 3, , , ,158 44,316 44,316 44,316 22,158

75 ,229 16, , , , ,376 (a) 132,110, ,110, % 5.0% 133, ,745 11,229 16,646 (5,417) (3,963) 0.87% 1.23% # (b) OPIM/OPIMC 1,000/100 1,000/ (c) Thrive World LimitedTWL % 100% 10% 10% 22,345 22, , ,648 8,039 46, , ,089 (38,430) 21,430 (40,027) 40, % 3.43% 12.54% 14.93% (d) Jin Dou Development Fund, L.P. 1,500,000 1,500, % 1.48% 11,653 11,653 6,295 6,816 (521) (109) 0.49% 0.50% (e) Dance Biopharm IncDance 1,206,142 1,206, % 5.99% 17,080 17,080 25,579 32,749 (7,170) 15, % 2.42% (f) Valueworth Ventures Limited Valueworth % 8% < 1 < 1 7,607 (7,607) 7, % 0.56% #

76 (a) Profit Raider Investments Limited132,110,000132,110, ,452,000167,936, ,186,000477,799,000 5,417,000 3,831,000 (b) Suremind Investments LimitedOPIM OPIMC 12OPIM 192,000 2,106,000 OPIMC 604,0002,857,000OPIM 3,318,0003,504,000OPIMC 6,503,0006,378,000OPIM OPIMC OPIM %18.20% % 3% OPIM OPIMC 14,306,000 (c) Wisland Investments LimitedTWL 10% TWL Nobel Holdings Investments Limited50% 852,000 TWL TWL %14.23% TWL 70,586,000 (d) OPFI (GP1) Limited1,500,000 1,500, %1.48% 521,0006,295, ,0006,816,000

77 (e) River King Investments Limited Dance1,149,00057,14215,527,0001,553,000 Dance Dance Dance (f) Valueworth 1 99 Valueworth100%8% Valueworth21, Valueworth 100% 95,000,000 Valueworth 29,902,047 Valueworth5,921,875 23,980,172 2,392, ,182 20,182 6,818 6, , ,275 50, ,685 20, ,093 57, ,862 20, ,548 57,428 11,823 16, ,685 20, ,093 57,428 11,584,000 16,092,000

78 (a) 4,870, % 9,287 9,058 2, % (b) 2,392, % 9,569 11,124 1, % 1 (c) Greater China Select Fund 19, ,456 22,194 15, % (c) Greater China Special Value Fund 43, ,180 12,976 (6,560) 1.00% (c) Miran Multi-Strategy Fund 102, ,506 88,510 2, % (c) Real Estate Opportunity Capital Fund 9,351 11,823 (1,652) 0.91% 1 (d) 10,000 0% #

79 _1 (a) 4,870, % 9,287 6,818 (731) 0.50% # 1 (c) Greater China Select Fund 186, , ,965 23, % (c) Greater China Special Value Fund 150, ,886 67,410 (1,617) 4.98% (c) 4,000, ,316 50,610 (1,004) 3.74% (c) Phoenixinvest Pacific Fund 10, ,756 8,233 (396) 0.61% (c) Miran Multi-Strategy Fund 102, ,123 85,512 6, % (c) Real Estate Opportunity Capital Fund 14,002 16,545 4, %

80 (d) 10,000 (10,561) 0% # (1) (2) (a) 8016IT 185,110,000178,090,000 1,268,683, ,274,000 (b) ,392,164 17(f) (c) Greater China Select Fund Greater China Special Value FundPhoenixinvest Pacific Fund Miran Multi-Strategy Fund 499,0001,313,000 Real Estate Opportunity Capital Fund 926, ,000

81 (c) 3(a)(i) Greater China Select Fund 22, ,965 Greater China Special Value Fund 12,976 67,410 Miran Multi-Strategy Fund 272, ,721 Real Estate Opportunity Capital Fund 108, ,024 1,285,160 Phoenixinvest Pacific Fund 185,317 (d) 70,000,000 10,000,0003

82 (a) 3,877 3,868 (b) 20 (b) 2 (c) 1,896 (d) 1,500 1,500 (e) 3,000 3,000 8,399 10,264 8,399 10,264 (b) 2 (d) 1,500 1,500 (e) 3,000 3,000 4,502 4,500 4,502 4,500 (a) 3,877 3,868

83 (b) (c) (d) (e) ,569 25,722 31,858 27, ,631 25,809 31,931 27,825 33,569,000 31,858,000 62,00073,000

84 ,000,000 2,000, , , , ,400 94,140 94,140 (4) 941, ,400 94,140 94,140 4, ,396,

85 ,500,000 3,500,000 3,500, ,500,000 3,500, ,750,000 1,750, ,750,000 1,750,000 1,750, ,500,000 3,500, ,550,000 (800,000) 1,750,000 1,750, ,750,000 1,750, ,750,000 1,750, ,750,000 1,750, ,750,000 (1,250,000) 7,500,000 7,500, ,550,000 (2,050,000) 28,500,000 14,500,000

86 ,500,000 3,500,000 3,500, ,500,000 3,500, ,750,000 1,750, ,750,000 1,750,000 1,750, ,500,000 3,500, ,550,000 2,550,000 2,550, ,750,000 1,750, ,750,000 1,750, ,750,000 1,750, ,000,000 (4,250,000) 8,750,000 8,750, ,800,000 (4,250,000) 30,550,000 16,550,000

87 ,706,000 1,142,0001,510, % % 2.423% 10,607, % 99.38% 0.75% Bloomberg (c) 1,705,000 3,468,000

88 (a) (b) ,683 19,742 (112,884) 872,541 1,510 1,510 (3,468) (3,468) 162, ,466 (47,070) 47, ,683 17,784 2,512 47,070 1,033,049 1,142 1,142 (1,705) 1,705 (3) (3) (23,567) (23,567) (47,070) (47,070) 965,680 17,221 (19,350) 963, ,069, ,551,0001,033,049,000

89 (b) (i) (ii) 3(n) (iii) 3(f) 24. 1,266,856,000 1,326,619,000941,396,000941,400, ,392,164 Real Estate Opportunity Capital Fund14,002,000 Greater China Special Value Fund

90 (a) i 104, ,800 ii 93,769 (i) (ii) 13,500,000104,693,000 75,000,00094,300,000 (b) 5,020 3, ,020 4,273

91 a 1,670,000 1,717,000 c 19,557 19,801 b b 2,893 2,526 (a) (b) 188, ,098 (c) (d) 1.5% % 227,000206,000

92 ,000,000 56,000, ,000,

93 2014/ ,805 30,488 29,591 47,679 47,934 1,763 61,968 12,812 (43,048) (233,327) (4,714) (14,748) 418 (2,951) 47,220 12,812 (42,630) (233,327) (10,898) 6,440 (184,574) (8,777) 41,381 (13,849) 53,660 (171,762) (51,407) (191,946) 1,292,577 1,353,222 1,278,013 1,540,895 1,596,764 (25,721) (26,603) (4,352) (2,672) (8,476) 1,266,856 1,326,619 1,273,661 1,538,223 1,588,288

1140 2016/2017 2 3 4 12 15 25 34 38 44 45 46 47 49 114 2016/2017 2 SMP Partners (Cayman) Limited Royal Bank House, 3rd Floor 24 Shedden Road, P.O. Box 1586 Grand Cayman KY1-1110 Cayman Islands 183 22 P.O.

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