: 605 [ 2017]

2 3 4 5 8 10 11 12 14 15 16 43 1

2 FCCA, FCPA, ACA, CTA 183 22 18 56 5606 605 www.cfsh.com.hk 0605ir@cfsh.com.hk

377,488 354,306 6.5% 186,321 181,008 2.9% 4.85 4.71 3.0% 189,169 186,873 1.2% 1.05 1.05 3

4 0 400 800 1200 1600 381 987 150 1,189 177 +20.5% 0 1000 2000 3000 4000 5000 6000 4,186.4 4,846.3 +15.8% 0% 20% 40% 60% 80% 100% 6.3% 8.7% 55.2% 6.8% 23.0% 8.8% 7.9% 54.0% 6.9% 22.4%

2.7% 8.6% 10.7% (806 HK) 5

377,488,000 354,306,000 6.5% 186,321,000 2.9% 3,295,454,000 14.2% 110,894,000266,594,000 47,341,000 8.5% 66,985,000 6

186,321,000181,008,000 2.9% 3,295,454,000 68.4%594,914,000 56,210,0009,647,00018,284,000 452,069,000 72,736,000 14,801,000 4,778,000 293,300,000 428,946,000148,262,000 380,951,000 82,782,000 67,796,00013,706,000 109,150,000 228,090,000 631,000 211 26,390,000 7

10 42 34 34 2410 8

34 P04911 9

4 377,488 354,306 4 (47,341) (51,751) 4 330,147 302,555 5 17,263 28,307 (66,985) (68,076) (1) 6 280,425 262,785 7 (84,288) (74,818) 196,137 187,967 186,321 181,008 9,816 6,959 196,137 187,967 9 4.85 4.71 4.82 4.70 16 42 18(a) 10

196,137 187,967 8 97,536 (60,155) 8 654 (149) 98,190 (60,304) 294,327 127,663 280,360 123,300 13,967 4,363 294,327 127,663 16 42 11

5,514 4,514 594,914 577,230 3,573 3,467 72,736 26,259 10 42,533 33,655 56,210 775,480 645,125 17,817 10 3,252,921 3,549,974 11 9,647 13,428 12 18,284 11,615 13 452,069 39,490 20(c)(i) 14,801 6,894 100 99 4,778 4,615 293,300 273,291 4,045,900 3,917,223 14 428,946 580,191 15 148,262 77,076 16 342,212 17 38,739 3,813 82,782 10,764 3,033 2,942 67,796 34,041 13,706 19,230 1,032 109,150 112,443 1,234,626 841,532 2,811,274 3,075,691 3,586,754 3,720,816 12

16 334,187 17 228,090 260,153 631 3,769 228,721 598,109 3,358,033 3,122,707 18(b) 1,761,671 1,760,956 1,465,721 1,233,067 3,227,392 2,994,023 130,641 128,684 3,358,033 3,122,707 10 42 16 42 13

1,760,956 41,567 (320,627) 2,293 36,427 1,473,407 2,994,023 128,684 3,122,707 186,321 186,321 9,816 196,137 8 93,385 654 94,039 4,151 98,190 93,385 654 186,321 280,360 13,967 294,327 2,848 2,848 2,848 715 (236) 479 479 18(a) (50,318) (50,318) (50,318) (12,010) (12,010) 76,918 (76,918) 1,761,671 44,179 (227,242) 2,947 113,345 1,532,492 3,227,392 130,641 3,358,033 1,746,674 40,950 (129,151) 146 28,833 1,260,957 2,948,409 126,001 3,074,410 181,008 181,008 6,959 187,967 8 (57,559) (149) (57,708) (2,596) (60,304) (57,559) (149) 181,008 123,300 4,363 127,663 5,865 5,865 5,865 14,282 (4,702) 9,580 9,580 (6,412) 6,412 (23,750) (23,750) (23,750) 29,117 29,117 18(a) (52,256) (52,256) (52,256) 7,117 (7,117) 1,760,956 35,701 (186,710) (3) 35,950 1,365,254 3,011,148 159,481 3,170,629 16 42 14

400,747 620,169 (94,075) (100,356) 71 306,672 519,884 (21) (12,022) (7,573) (56,210) (27,058) 18,331 (90,862) 6,309 29,117 (23,750) 1,084,507 779,450 (1,247,156) (1,509,599) (50,318) (52,256) 10,876 (45,792) (202,091) (822,830) 13,719 (296,637) 6,290 (5,566) 273,291 668,603 293,300 366,400 293,300 366,400 16 42 15

1. 34 2 34 2410 622436 662(3)6 3 406(2) 407(2) (3) 16

2. 3. a) 8 b) 90% 17

4. 110,894 97,774 266,594 256,532 377,488 354,306 (2,587) (241) (17,545) (20,655) (8,845) (11,943) (12,411) (12,160) (5,953) (6,752) (47,341) (51,751) 330,147 302,555 378,343,000 356,404,000 18

5. 855 2,098 170 178 498 207 577 10,884 15,694 8 1,221 105 108 (18) (18) 108 348 1,032 6,782 (1,195) 593 (i) 3,239 2,194 17,263 28,307 (i) 2,077,000 19

6. (a) (iv) 24,069 21,034 (i) 257 1,767 2,064 1,837 26,390 24,638 (b) 1,457 1,295 (ii) 5,264 3,796 (59) 824 994 8 596 (iii) 10,215 8,582 (i) 2,848 5,865 20

6. (i) (ii) (iii) (iv) 257,000 1,767,0006(a) 729,0001,178,000 710,0001,071,000 259,000 213,000252,000207,000 1,916,0001,302,000 Anton (H.K.) Limited 900,000 6(a) 300,000 21

7. 3 57 87,486 74,954 87,489 75,011 (3,201) (193) 84,288 74,818 (a) 16.5% 16.5% (b) 25% 25% 10% 25%5% (c) 237,852,000 216,478,000 22

7. (d) 1,242,534,000 1,124,680,000 8. 97,536 (60,155) 1,875 (640) 5 (1,221) (105) 6(b) 596 654 (149) 98,190 (60,304) 9. a) 186,321,000 181,008,000 3,841,012,137 3,840,100,962 b) 186,321,000 181,008,0003,864,830,017 3,848,001,307 23

10. 264,265 255,281 738,732 635,566 339,881 273,986 1,962,606 2,427,716 3,305,484 3,592,549 (10,030) (8,920) (10,030) (8,920) 3,295,454 3,583,629 3,252,921 3,549,974 42,533 33,655 3,295,454 3,583,629 i) 2,955,573,000 3,309,643,000 1.0% 4.3% 1.0% 4.3% 0.4% 3.0%0.6% 3.0% ii) 15151515 24

10. a) 1 4,091 18,976 47,485 190,139 260,691 11,170 46,897 73,265 883,662 1,014,994 1 3 58,680 89,640 17,000 525,932 691,252 4,036 41,465 57,890 337,269 440,660 3 6 78,176 229,283 75,100 502,942 885,501 60,592 133,246 41,400 308,528 543,766 6 12 123,318 389,311 169,170 743,593 1,425,392 179,483 409,934 71,800 898,257 1,559,474 12 11,522 31,126 42,648 4,024 29,631 33,655 (2,643) (7,387) (10,030) (2,553) (6,367) (8,920) 261,622 731,345 339,881 1,962,606 3,295,454 252,728 629,199 273,986 2,427,716 3,583,629 25

10. b) 301,596 1,947,841 2,249,437 210,700 2,292,992 2,503,692 1 8,065 8,065 132,377 132,377 1 3 3 38,285 6,700 44,985 63,286 2,347 65,633 339,881 1,962,606 2,302,487 273,986 2,427,716 2,701,702 264,265 738,075 1,002,340 255,281 633,889 889,170 1 657 657 1,118 1,118 1 3 559 559 3 (2,643) (7,387) (10,030) (2,553) (6,367) (8,920) 261,622 731,345 992,967 252,728 629,199 881,927 261,622 731,345 339,881 1,962,606 3,295,454 252,728 629,199 273,986 2,427,716 3,583,629 26

11. 9,647 13,428 a) 1 9,157 8,753 1 3 337 4,613 3 6 153 62 6 9,647 13,428 30 b) 9,157 8,753 1 205 4,055 1 3 263 592 4 6 22 28 6 9,647 13,428 27

12. 18,284 11,615 12,864,000 6,822,000 i) 1 14,283 8,584 1 3 1,031 1,093 3 6 1,202 154 6 1,768 1,784 18,284 11,615 30 ii) 15,299 8,584 1 562 572 13 27 572 46 724 103 6 1,672 1,784 18,284 11,615 28

12. ii) 13. 36,770 27,242 (i) 401,074 20(c)(i) 346 335 438,190 27,577 10,242 9,028 3,637 2,885 452,069 39,490 (i) (ii) 348,100,000401,074,000 133,500,000 153,816,000 2,178,000 2,029,000 29

14. a 1,945 1,883 b 347,379 c 194,616 172,117 d 6,102 3,034 20(c)(ii) 169,686 8,004 e 15,299 15,299 f 3,359 g 34,407 h 6,891 29,116 428,946 580,191 a) 1,945,000 1,883,000 9%11.5% 1,613,000 1,565,000 30

14. b) 347,379,0007.5% 11%346,558,000 c) 194,616,000172,117,000 8% 9% 8% 11.5% 198,929,000 182,974,000 d) 6,102,000 3,034,0007.5% 7.5% 31

14. e) 7%7% f) 1.79% 1.81% 7,440,000 17,817,000 g) 34,407,000 1.1% 1.2% h) i) 196,561,000521,379,000 j) 32

15. 148,262 77,076 (i) 67,076 (ii) 138,262 (iii) 10,000 10,000 148,262 77,076 (i) (ii) (iii) (iv) (v) (vi) 67,076,000 13,415,000 37.5% 138,262,000 279,231,000 30% 10,000,000 10,000,000 138,262,00067,076,000 33

16. 300,000,00099.33% 6.5% 750,000,000 524,910,000503,793,000 297,892 355,233 20,488 23,992 (19,447) (22,983) (22,055) 298,933 334,187 7,802 8,845 (9,723) (10,870) 10,050 297,012 342,212 34

17. 3,900,000 A 4.25% 3,887 3,813 58,000,000 B 5.50% 34,852 38,739 3,813 B 5.50% 21,117 54,989 220,000,000 C 7.00% 189,188 187,610 10,000,000 D 5.00% 8,990 8,832 10,000,000 E 6.00% 8,795 8,722 228,090 260,153 266,829 263,966 35

18. (a) i) 1.05 1.05 40,331 40,321 ii) 1.31 1.36 50,318 52,256 (b) 3,840,056,336 1,760,956 1,000,000 715 3,841,056,336 1,761,671 3,864,086,336 1,746,674 20,000,000 14,282 (44,030,000) 3,840,056,336 1,760,956 (c) 1,000,000 20,000,00045,000,000 36

19. a) i) 13 11 2 21 3 3 1 2 3 17,509 17,509 53,324 53,324 37

19. a) i) 1 2 3 24,356 24,356 17,817 17,817 1,032 1,032 123 ii) iii) 11.41% 21.41% 33.66% 38

19. a) iii) 3 3 17,817 33,000 (17,799) (18) 33,000 (18) 1,032 493 (348) (1,032) 145 1,032 348 b) 39

20. a) 4,742 3,051 142 60 257 1,767 5,141 4,878 6(a) b) 1,188 5,782 5,967 40

20. c) (i) (1), (2) 346 335 ( NCI ) (3) 14,801 6,894 (1) (2) 346,000 358,000 (3) NCI 41

20. c) (ii) (1), (2) 169,686 8,004 (1) 4.8% 1,757,000 4 (2) 21. 42

XV (i) XV7 8 (ii) 352(iii) 1 4 1,720,044,2401,000,000 451,874,0001,000,000 2 86,400,000 3 2,258,318,240 2,000,000 58.84% 3,390,000 20,000,000 0.60% 2,000,000 0.05% 200,000 0.01% 10,000,000 12,000,000 0.57% 1. 2. 451,874,0001,000,000 3. Arbalice Holdings Limited60% 40% Arbalice Holdings Limited86,400,000 4. 43

(i) XV7 8 (ii) 352 (iii) XV2 3 336 5% 1 4 451,874,0001,000,000 1,720,044,240 1,000,000 286,400,000 3 2,258,318,240 2,000,000 58.84% 750,000,000 643,000,000 1,393,000,000 36.26% 4 371,962,000 9.68% 4 371,962,000 9.68% 4 371,962,000 9.68% 85,338,000185,000,000 4 270,338,000 7.03% 44

1. 2. 1,720,044,240 1,000,000 3. Arbalice Holdings Limited 60% 40% Arbalice Holdings Limited86,400,000 4. 371,962,000 Novel Growth LimitedNovel Growth LimitedPeak Reinsurance Holdings LimitedPeak Reinsurance Holdings Limited Spinel Investment Limited 86.93% 71.55% 64.45% 5. 336 45

04.10.07 0.479 10,000,000 10,000,000 04.10.07 03.10.17 0.460 0.235 22.10.10 0.359 2,000,000 2,000,000 22.10.10 21.10.20 0.360 0.216 22.10.10 0.359 1,000,000 1,000,000 22.10.10 21.10.20 0.360 0.216 11.04.14 0.660 20,000,000 20,000,000 11.04.14 10.04.24 0.630 0.4624 22.10.10 0.359 2,000,000 2,000,000 22.10.10 21.10.20 0.360 0.216 04.10.07 0.479 10,000,000 1,000,000 9,000,000 04.10.07 03.10.17 0.460 0.235 22.10.10 0.359 1,000,000 1,000,000 22.10.10 21.10.20 0.360 0.216 11.04.14 0.660 10,000,000 10,000,000 11.04.14 10.04.18 0.630 0.1998 11.04.14 0.660 30,000,000 30,000,000 11.04.14 10.04.24 0.630 0.4623 26.08.15 0.546 55,000,000 55,000,000 26.08.15 25.08.25 0.490 0.289 750,000,000 46

50.1% 101% 1.05 1.05 18322 14 A.1.1A.2.1A.6.1 A.1.1 A.1.1 47

A.2.1 A.2.1 A.6.1 A.6.1 48

13.51(B) 49

50