1 2 4 5 37 49 50 51 52 53 54

15 13 77 9 Estera Trust (Cayman) Ltd. Clifton House 75 Fort Street PO Box 1350 Grand Cayman KY1-1108 Cayman Islands 198 A 8-9 6-8 19 1906-1907 Estera Trust (Cayman) Ltd. Clifton House 75 Fort Street PO Box 1350 Grand Cayman KY1-1108 Cayman Islands 2017 2

98 359-361 1 2 01110 www.kingworld.com.cn 183 22 3 2017

509,111 417,467 22.0% (360,510) (280,915) 28.3% 148,601 136,552 8.8% 29.2% 32.7% (3.5) 22,137 20,115 10.1% 3.56 3.00 18.7% (1) 1.24 1.22 1.6% (2) 1.04 1.05 (1.0)% (3) 14.4% 22.3% (7.9) (1) (2) (3) 100% 2017 4

1 4,835 14,909 1 14,909 2025 2.2 2030 8 16 5 2017

420 450 2 448,057 447,034 1,023 1.6 CFDA 277,085 226,331 5 34.61% 49.37% 50% KA 100 30 2017 6

3 23,821 GDP 8,000 7.6% 1,307 100-200 2,000 Lifeline Care 4 332,316 9.6% 51,556 26.2% 15.5% 2,198 80% 3,413 80 90 7 2017

1. KPI 2017 8

Culturelle 100%LGG 34 341 91.6% 9 2017

71.9% 100 93.1% 2017 10

- GMP 77 11 2017

2. 42.6% 19.8% 9.6% Lifeline Care 54.7% 2017 12

Lifeline Care Lifeline Care 13 2017

3. SEO H5 2,000 13 16 2017 14

15 2017

4. 92.4% Lifeline Care 2017 16

17 2017

5. 50,000,000 8.6 2289. HK 2,302,000 H A 1. 2017 18

2. KA KA OTC KA KA KA 100 30 80 90 19 2017

3. KPI 2017 20

4. 5. 21 2017

5,000 (SIDS) (SIDA) (Silver Award) 2017 22

6. 350 23 2017

17 104 2017 24

7. 300 1. 509,111,000 417,467,000 91,644,000 22.0% (Culturelle) 2. 360,510,000 280,915,000 79,595,000 28.3% 32.7% 29.2% (Culturelle) 3. 12,923,000 14,398,000 1,475,000 10.2% 25 2017

4. 71,727,000 64,467,000 7,260,000 11.3% 28,799,000 29,928,000 1,129,000 3.9% 4,769,000 7,530,000 2,761,000 57.9% 5. 33,655,000 37,057,000 3,402,000 9.2% 6,564,000 6. 46,727,000 40,011,000 6,716,000 16.8% 12,049,000 7. 12,669,000 4,307,000 8,362,000 194.2% 8. 37,754,000 38,394,000 640,000 1.7% 2017 26

9. 8,724,000 8,342,000 382,000 4.6% 23.1% 21.7% (8) 10. 22,137,000 20,115,000 2,022,000 10.1% 11. 1.8% 4.5% 152,623,000 12. 74,082,000 26,096,000 47,986,000 27 2017

28,453,000 5,728,000 34,181,000 177,769,000 2,032,000 175,737,000 13. 177,130,000 14.4%22.3% 100% 96,000,000 8,303,000 4,748,000 2017 28

14. (1) 15% (2) (3) 2,900 15. 16. 29 2017

1. 2. SAP ERP BI SAP hybris B2C 2017 30

3. 4. KA KA 31 2017

5. KA KA - 2017 32

6. Tilman Tilman Zuccari Zuccari Zuccari 33 2017

(BMI smart) Tilman Zuccari VL 7. 8. 2017 34

9. 10. ZAKER NGO 35 2017

986 127 386 34 473 27,922,000 27,613,000 2017 36

(a) XV (i) XV 7 8 (ii) 352 (iii) (I) 1 9,392,000 1.51% 90,000,000 14.46% 297,812,250 47.84% 2 307,204,250 49.35% 90,000,000 14.46% 3 3,800,000 0.61% 4 62,250,000 10.00% 1. 9,392,000 387,812,250 (a) 297,812,250 297,812,250 (b) 90,000,000 90,000,000 37 2017

2. 397,204,250 (a) 90,000,000 90,000,000 (b) 9,392,000 297,812,250 9,392,000 297,812,250 3. 3,800,000 4. Shine Light Investment Fund Legend Times Corporation Limited 93,686,250 40,151,250 133,837,500 2.15 62,250,000 Shine Light Investment Fund Legend Times Corporation Limited 62,250,000 XV 10% Shine Light Investment Fund 95,000 Shine Light Investment Fund 99.89% 62,250,000 XV 2017 38

(II) 4 5 1 2 3 2.54 520,000 520,000 0.08% 2.54 468,000 468,000 0.08% 2.54 468,000 468,000 0.08% 2.54 468,000 468,000 0.08% 2.54 412,000 412,000 0.07% 2.54 412,000 412,000 0.07% 2.54 412,000 412,000 0.07% 2.54 412,000 412,000 0.07% 3,572,000 3,572,000 0.57% 1 2 3 4 5 2.45 39 2017

(III) 100% 100% Shine Light Investment Fund 33.33% XV (i) XV 7 8 (ii) 352 (iii) XV 2 3 2017 40

(b) XV 2 3 336 297,812,250 47.84% 90,000,000 14.46% 1 9,392,000 1.51% 90,000,000 14.46% 297,812,250 47.84% 2 307,204,250 49.35% 90,000,000 14.46% Sinopharm Healthcare 62,187,750 9.99% Fund L.P. 3 Sinopharm Capital 62,187,750 9.99% Limited 4 Shine Light Investment 62,250,000 10.00% Fund 5 Shine Light Fund 62,250,000 10.00% Management Limited 6 Hwabao Trust Co. Ltd. 7 62,250,000 10.00% 41 2017

62,250,000 10.00% ( ) 8 9 62,250,000 10.00% Legend Times Corporation 62,250,000 10.00% Limited 5 Chief Marine Limited 10 62,250,000 10.00% CDBI Parnters Fund I, 62,250,000 10.00% L.P. 11 CDBI Parnters GP, Ltd 12 62,250,000 10.00% Tan Ching 13 62,250,000 10.00% Sun Hill Capital Investments 124,437,750 19.99% Limited 14 15 124,437,750 19.99% 1. 9,392,000 387,812,250 (a) 297,812,250 297,812,250 (b) 90,000,000 90,000,000 2017 42

2. 397,204,250 (a) 90,000,000 90,000,000 (b) 9,392,000 297,812,250 9,392,000 297,812,250 3. Sinopharm Healthcare Fund L.P. 133,703,662.5 62,187,750 4. Sinopharm Capital Limited Sinopharm Healthcare Fund L.P. 1.91% 5. Shine Light Investment Fund Legend Times Corporation Limited 93,686,250 40,151,250 133,837,500 2.15 62,250,000 Legend Times Corporation Limited Shine Light Investment Fund 62,250,000 XV 10% 6. Shine Light Fund Management Limited Shine Light Investment Fund 0.11% 7. Hwabao Trust Co. Ltd. Shine Light Investment Fund 99.89% 1 2 QDII 8. 1 2 QDII 43 2017

9. 33.33% 10. Chief Marine Limited Legend Times Corporation Limited 100% 11. CDBI Parnters Fund I, L.P. Chief Marine Limited 100% Legend Times Corporation Limited 100% 12. CDBI Parnters GP, Ltd CDBI Parnters Fund I, L.P. Chief Marine Limited Legend Times Corporation Limited 100% 13. Tan Ching CDBI Parnters GP, Ltd 99% CDBI Parnters Fund I, L.P. Chief Marine Limited Legend Times Corporation Limited 100% 14. Sun Hill Capital Investments Limited Sinopharm Capital Limited 100% Sinopharm Healthcare Fund L.P. 1.91% Shine Light Fund Management Limited 100% Shine Light Investment Fund 0.11% 15. Sun Hill Capital Investments Limited 70% Sinopharm Capital Limited 100% Sinopharm Healthcare Fund L.P. 1.91% Shine Light Fund Management Limited 100% Shine Light Investment Fund 0.11% XV 2 3 336 2017 44

23,308,000 23,308,000 0.10 1 2 3 4 5 2.54 520,000 520,000 0.08% 2.54 468,000 468,000 0.08% 2.54 468,000 468,000 0.08% 2.54 468,000 468,000 0.08% 2.54 412,000 412,000 0.07% 2.54 412,000 412,000 0.07% 2.54 412,000 412,000 0.07% 2.54 412,000 412,000 0.07% 3,572,000 3,572,000 0.57% 57 2.54 13,236,000 13,236,000 2.13% 5 6 16,808,000 16,808,000 2.70% 2.54 300,000 300,000 0.05% 2.54 6,200,000 6,200,000 0.99% 23,308,000 23,308,000 3.74% 45 2017

1 2 3 4 5 2.45 6 (i) 30,000 (ii) 6,200,000 2.54 241,862,000 206,167,000 136,920,000 6,000,000 15,760,000 20,600,000 94,560,000 20,739,000 24,074,000 25% 2017 46

18,364,000 16,434,000 A.2.1 A.2.1 47 2017

3 (http://www.hkexnews.hk) http://www.kingworld.com.cn) 2017 48

4 509,111 417,467 (360,510) (280,915) 148,601 136,552 12,923 14,398 (71,727) (64,467) (33,655) (37,057) (9,415) (9,415) 46,727 40,011 7(a) (12,669) (4,307) 3,696 2,690 7 37,754 38,394 8 (8,724) (8,342) 29,030 30,052 22,137 20,115 6,893 9,937 29,030 30,052 10 3.56 3.00 3.56 3.00 49 2017

29,030 30,052 (1,539) (345) (698) (2,396) (2,237) (2,741) 26,793 27,311 20,214 18,453 6,579 8,858 26,793 27,311 2017 50

11 103,282 22,808 12 108,130 108,130 72,929 69,233 75,000 18,988 18,988 90,693 90,693 87,919 97,334 4,232 4,232 19,401 19,401 505,574 505,819 116,708 127,633 13 406,011 437,874 28,500 65,199 533 16,894 17,400 152,623 239,281 720,736 887,920 14 272,546 271,689 3,256 13,623 177,130 311,196 15 113,939 114,909 15,704 15,503 770 583,345 726,920 137,391 161,000 642,965 666,819 25,963 28,169 25,963 28,169 617,002 638,650 16 53,468 53,468 474,611 470,347 528,079 523,815 88,923 114,835 617,002 638,650 51 2017

i 53,468 152,700 34,157 29,068 94,905 435 (16,079) 210 242,522 591,386 95,880 687,266 20,115 20,115 9,937 30,052 (1,317) (345) (1,662) (1,079) (2,741) (1,317) (345) 20,115 18,453 8,858 27,311 3,788 (3,788) 9(b)) (8,140) (8,140) (8,140) 20 299 299 299 (94,905) 94,905 7,506 (7,506) (107,814) (107,814) (107,814) 53,468 152,700 37,945 29,068 7,506 (882) (20,415) (16,424) 509 250,709 494,184 104,738 598,922 53,468 152,700 38,740 29,068 6,259 6,773 (19,654) (20,678) 753 276,386 523,815 114,835 638,650 22,137 22,137 6,893 29,030 (384) (1,539) (1,923) (314) (2,237) (384) (1,539) 22,137 20,214 6,579 26,793 9(b)) (15,950) (15,950) (32,491) (48,441) 53,468 152,700 38,740 29,068 6,259 6,389 (19,654) (22,217) 753 282,573 528,079 88,923 617,002 i 2017 52

83,010 33,639 1,031 2,832 (9,959) (10,375) 74,082 26,096 756 1,135 (8,303) (4,748) (28,500) (68,674) 47 64,500 85,500 (18,988) 28,453 (5,728) 18,874 (15,949) (8,140) (32,491) (10,000) (134,066) (10,263) (12,766) 25,000 (177,769) (2,032) (75,234) 18,336 229,984 132,478 (4,239) 2,446 150,511 153,260 53 2017

1. 22 (i) (ii) 2. 34 3 34 2017 54

3. 7 12 4. 279,304 256,675 132,569 78,681 97,238 82,111 509,111 417,467 55 2017

5. 1. 2. (a) 110,508 66,941 385,658 336,565 97,238 82,111 593,404 485,617 16,264 9,415 16,264 9,415 126,772 76,356 385,658 336,565 97,238 82,111 609,668 495,032 17,627 14,464 5,790 (1,266) 27,968 30,434 51,385 43,632 154,925 197,692 677,122 578,797 147,547 227,250 979,594 1,003,739 61,590 29,197 282,865 132,974 39,455 54,098 383,910 216,269 2017 56

5. (a) EBITDA EBITDA (b) 51,385 43,632 12,923 14,398 (12,073) (11,519) (12,669) (4,307) (1,812) (3,810) 37,754 38,394 6. 57 2017

7. a) 5,449 3,959 5,355 266 1,865 82 12,669 4,307 b) 9,415 9,415 i 360,510 280,915 2,658 2,104 179 (1,106) (41) 5 3 4,287 5,362 191,000 175,000 (1,373) (1,206) ii 6,002 2,355 i) 1,889,000 1,670,000 ii 591,000 339,000 2017 58

8. 3,865 2,660 6,271 7,010 84 10,136 9,754 (1,412) (1,412) 8,724 8,342 i) ii iii 16.5% 16.5% 25% 25% 15% 15% 9. a) b) 2.95 2.64 1.53 1.31 15,949 8,140 59 2017

10. a) i) 22,137 20,115 266 22,137 20,381 ii) 622,500,000 622,500,000 * 56,777,473 622,500,000 679,277,473 * 15 b) 2017 60

11. 8,303,000 4,748,000 75,000,000 128,000 50,000 5,000 3,000 12. ( ) ( ) 108,130 a (i) (ii) b c) 96,000,000 17 61 2017

13. 0 90 229,912 255,667 91 180 12,653 22,692 181 365 2,252 3,788 1 1,284 7,409 246,101 289,556 48,743 44,923 47,111 48,521 39 40 341,994 383,040 25,993 19,672 1,947 1,191 36,077 33,971 406,011 437,874 a 30 90 2017 62

14. 45 90 0 90 140,499 233,757 91 180 73,103 3,689 181 365 106 213,708 237,446 8,666 10,413 25,000 16,903 15,999 264,277 263,858 8,269 7,831 272,546 271,689 15. 113,939 114,909 63 2017

15. 133,837,500 105,584,000 Shine Light Investment Fund Legend Times Corporation Limited 105,448,000 7.4% 2.15 62,250,000 13,383,750 10,558,000 133,837,500 1) 18 18 2) 5.0% 3) 4) 5% 2017 64

15. 19,654,000 113,939,000 114,909,000 6,259,000 6,259,000 4,155 94,905 99,060 (94,905) (94,905) 106,642 6,259 112,901 5,764 5,764 (7,581) (7,581) 5,929 5,929 114,909 6,259 121,168 5,355 5,355 (2,949) (2,949) (3,376) (3,376) 113,939 6,259 120,198 12.9% 65 2017

15. 9.8% 16. 0.1 10,000,000 1,000,000 877,900 0.1 622,500 62,250 53,468 17. 12 96,000 107,804,000 130,275,000 156,537,000 2017 66

18. 13 19,101 12,761 6,340 19,101 12,761 6,340 28,500 28,500 65,199 65,199 4,232 4,232 4,232 4,232 16,894 16,894 17,400 17,400 533 533 3,256 3,256 13,623 367 13,256 67 2017

18. 4,604 (16,362) 1,138 86,296 75,676 (85,500) (85,500) 62,100 62,100 (2,396) (2,396) 4,604 (16,362) 1,138 60,500 49,880 (13,256) 6,340 65,199 4,232 62,515 (64,500) (64,500) 28,500 28,500 (699) (699) 10,000 (3,256) 6,340 28,500 4,232 25,816 2017 68

18. 14.71% Brilliant Appraisal Limited 19. 3,847 6,704 Sinopharm Healthcare Fund. L.P 3.89% 16,892 17,370 69 2017

20. 23,308,000 23,308,000 2017 70