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19931031 199411201310252014315 2012626 106

20131226 2006421 20131225 201431(i) (ii) (iii) 107

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2009 20106 201010 20174 153 []2018524 2009 2010 2011 55% 113

2013 2014 2015 2016 2017 2018 20091014 100,000,000 20%20%28%32% (i) (ii) (iii) (iv) 114

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15 2018531 155

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1231 2015 2016 2017 81,701 20.2 118,942 16.5 161,658 15.6 61,744 15.2 82,594 11.4 109,808 10.6 49,005 12.1 79,196 10.9 101,169 9.8 35,665 8.8 68,126 9.4 89,559 8.6 26,665 6.6 55,541 7.7 76,546 7.4 254,780 62.9 404,399 55.9 538,740 52.0 201064,886.868 2020 (PicoWay)ThermageFotona20171231 201853124458 157

201122,614.105 1712 (PicoWay)CoolSculptingPalomar Lux1540Thermage201712 31 201853122861 201512,584.005 1417 (PicoSure)Harmony XLLightSheer DUET20171231 201853113334 158

201151,890.008 2416 Accent ProThermageOPT TM 20171231 201853115638 201495,298.006 2015 360NaturaLaseBodyTite20171231 201853118266 159

(1) 91 6.0 4.0 19 6.2 3.3 7 8.5 5.0 8 5.0 4.0 125 6.4 4.1 (1) 2017 1.0 160

10010 3,0005,000 [][] 20192020 6,000 20 2019 80 [] [] 5,000 20 2020 60 [] [] 161

5,000 20 2020 60 [] [] 2018 [][] 5 162

201742017720183 5,000 719204,589 81715 5,73663 (i)(a) (b) (c) (d) (e) (ii) 20174120177120183 1 (i)(ii) 163

200,000150,00050,000 3,0005,000 10,000 20,000 201520162017 37,74479,789136,5912015 20162017123192.6%93.3%95.6% 20152016201712312039 75.1%75.1%61.1% 1231 2015 2016 2017 (1) 19,636 37,341 72,795 (2) 18,108 42,448 63,796 (3) 37,744 79,789 136,591 (1) (2) (i)(ii) (3) 164

2015201620171231 55.3%60.2%52.9% 44.7%39.8%47.1% 10%25% 236 60 2016 165

201620171231 141.9378.3 201742017720183 20170.1%0.1% 2015201620172.0% 166

167

0.4 O2O 168

(i) (ii) 2015201620171231 87.6189.9208.3 169

18 170

171

172

2015201620171231 86.1165.8281.8 42.8%50.0%58.2% 173

BOTOX A BOTOX 2017820% 2015201620171231 47.1%49.2%40.7% 19.7%22.0%23.7% 5% 174

(i) (ii) (iii)(iv) 20177 50%50%30 30 175

2017 80.1%2013 317201779625.8% 2018202226.5% 20222,612 (i)882 (ii)19(iii)149(iv)5 B. 2. 176

2017 2016 2017 2017 2017 2017 2017 2017 2016 2015 2016 2016 OnlyLady 2016 2016 2016 2016 2016 2016 2016 2016 177

2015 2015 2016 2015 2015 (HIS)(EAS) (OA)HIS EAS HISEASOA (i) (ii)crm (iii) (iv)hiseas [][] 178

5.01(2) 2017123115% 32L 6(2)342(1)(b) 34(2) 65,617.19 1020 1,061.00 2025/05/31 2,508.00 2018/07/31 (1) 4,886.86 2025/05/31 2,267.55 2025/03/09 264.37 2018/10/15 (1) 2,614.10 2023/10/31 1,890.00 2020/04/30 900.00 2020/11/15 2,847.65 2022/10/31 222.34 2022/10/31 179

3,289.93 2029/07/31 6,147.89 2029/01/31 5,298.00 2026/12/31 4,000.00 2024/03/12 249.00 2018/07/31 2,584.00 2022/10/31 700.00 2021/09/14 4,756.00 2027/06/20 8,363.76 2035/03/31 4,667.37 2030/10/31 981.70 2029/09/30 669.66 2032/12/25 4,539.79 2030/07/21 388.22 2023/10/25 20.00 2018/10/18 (1) (1) 180

13 22,069.98 1,00010,000 130,000 4,000.00 (i) (ii) 1,00010,000 181

20163 27 2,067.95 2018315 200,000 60 2018612 120 1,0002018612120 10 201844 182

(i)5.1 5.0100,000 (ii) 60,000(iii) 300,000 (i)20170.5%(ii) 2015201620173.6%4.0%4.9% (iii) 2,584.00 (i) (ii) 183

1,000 10,000 (i)6.6 6.0560,000(ii) 800,000 (i)20170.7%(ii) 20152016201712.1%10.9%9.8% (iii) D. 2. 184

(i)(ii) 2015201620171231 0.60.91.3 185

20185312,340 282 12.1 205 8.8 588 25.1 138 5.9 134 5.7 692 29.6 134 5.7 167 7.1 2,340 100.0 186

2005/11/17 2021/11/01 2009/05/19 2021/08/15 2010/09/21 2020/09/21 2011/02/28 2020/02/12 2011/05/03 2029/04/21 2013/01/06 2033/01/25 2014/05/16 2020/12/31 2014/05/27 2023/05/26 2014/06/13 2019/06/12 2014/09/09 2019/09/09 2014/09/17 2029/09/16 2015/06/01 2020/05/31 2015/09/14 2020/09/13 2015/09/16 2020/09/15 2018/01/24 2023/01/23 2018/05/11 2023/05/10 187

1. (i) (ii) (iii) (i) 0.05% (ii) 188

1712 (i) (ii) 12 5 1.5 5 201871 1712 (i) (ii) 12 5 0.6 189

2. 30 (i) (ii) 20152016 2017201811 892 923,000 2017 11 190

(i)(ii) (iii) [] 77 2.672 713,500 201711 7748 29 191

12 20,000 2.60.1% 4 1. 20157 9,109.70 2. 20165 40,085.5 3. 20169 530,000 4. 201712 20,000.35 192

(i) [] [] (ii) (iii) 3A.19 (iv) 193

[] 194

195

2015 2016201712312015201620171231 (i)2017 (ii)201420172017 14(i) (ii) 20174 2015405.12016 723.320171,037.4 60.0%201513.0201649.2 2017113.8196.1% 20091014 2018524 5 196

2013201722.0% 197

2015201620171231 45.3%43.6%47.8% 29,25950,50286,090 6,272.56,249.55,755.82015 201620171231 36.6%37.4%38.3% 30,22078,287146,782 198

4,898.23,457.62,707.12015201620171231 17.2%18.6% 13.4%27,97675,515 95,4012,494.1 1,779.81,454.6(i) (ii)(iii) (i) (ii) 20132015 2017123114 110 199

201520162017 123121.3%22.9%27.2% 1231 2015 2016 2017 % % % +15% (9,687) -74.6% (18,657) -37.9% (31,697) -27.9% +10% (6,458) -49.7% (12,438) -25.3% (21,131) -18.6% +5% (3,229) -24.9% (6,219) -12.6% (10,566) -9.3% -5% 3,229 24.9% 6,219 12.6% 10,566 9.3% -10% 6,458 49.7% 12,438 25.3% 21,131 18.6% -15% 9,687 74.6% 18,657 37.9% 31,697 27.9% 200

2015201620171231 94.0146.0216.6 23.2%20.2%20.9% 1231 2015 2016 2017 % % % +15% (10,572) -81.4% (16,427) -33.4% (24,362) -21.4% +10% (7,048) -54.3% (10,952) -22.3% (16,242) -14.3% +5% (3,524) -27.1% (5,476) -11.1% (8,121) -7.1% -5% 3,524 27.1% 5,476 11.1% 8,121 7.1% -10% 7,048 54.3% 10,952 22.3% 16,242 14.3% -15% 10,572 81.4% 16,427 33.4% 24,362 21.4% 201537,744 2017136,59190.2% 201

201519,6362017 72,79592.5% (i)(ii)2015 18,108201763,79687.7%20152016 201787.6189.9 208.321.6%26.3%20.1% (i) (ii) 202

2 1231 2015 2016 2017 405,142 723,339 1,037,398 (201,144) (331,633) (484,363) 203,998 391,706 553,035 2,808 478 1,121 (86) (142) (22) (130,637) (254,222) (305,105) (56,195) (68,609) (89,907) (946) (2,078) (3,312) 18,942 67,133 155,810 49 83 170 (790) (531) (1,232) 18,201 66,685 154,748 (5,220) (17,468) (40,958) 12,981 49,217 113,790 203

(i) (ii) 2017 4 1231 2015 2016 2017 183,528 45.3 315,611 43.6 495,513 47.8 148,025 36.6 270,685 37.4 397,347 38.3 331,553 81.9 586,296 81.0 892,860 86.1 69,774 17.2 134,399 18.6 138,767 13.4 2,217 0.2 (1) 3,815 0.9 2,644 0.4 3,554 0.3 405,142 100.0 723,339 100.0 1,037,398 100.0 (1) 2017 204

1231 2015 2016 2017 29,259 50,502 86,090 6,272.5 6,249.5 5,755.8 30,220 78,287 146,782 4,898.2 3,457.6 2,707.1 59,479 128,789 232,872 5,574.3 4,552.4 3,834.1 27,976 75,515 95,401 2,494.1 1,779.8 1,454.6 14 1231 2015 2016 2017 81,701 20.2 118,942 16.5 161,658 15.6 61,744 15.2 82,594 11.4 109,808 10.6 49,005 12.1 79,196 10.9 101,169 9.8 35,665 8.8 68,126 9.4 89,559 8.6 26,665 6.6 55,541 7.7 76,546 7.4 32,008 7.9 53,473 7.4 64,169 6.2 205

1231 2015 2016 2017 6,606 1.6 43,887 6.1 76,803 7.4 22,965 5.7 35,489 4.9 47,636 4.6 7,623 1.9 29,008 4.0 68,913 6.6 18,972 4.7 31,343 4.3 52,582 5.1 23,428 5.8 30,487 4.2 47,179 4.5 8,101 2.0 40,940 5.7 51,647 5.0 14,563 3.6 28,889 4.0 51,120 4.9 16,097 4.0 25,423 3.5 36,225 3.5 (1) 405,142 100.0 723,339 100.0 1,035,014 99.8 (1) 1231 2015 2016 2017 86,106 42.8 165,836 50.0 281,752 58.2 43,874 21.8 76,124 22.9 104,617 21.6 37,176 18.5 40,042 12.1 43,674 9.0 16,010 7.9 20,787 6.3 23,627 4.9 10,802 5.4 14,391 4.3 16,332 3.4 (1) 7,176 3.6 14,453 4.4 14,361 2.9 201,144 100.0 331,633 100.0 484,363 100.0 (1) 206

2015201620171231 204.0391.7553.0 2015201620171231 50.4%54.2%53.3% 1231 2015 2016 2017 167,508 50.5% 311,554 53.1% 471,020 52.8% 103,706 56.5% 197,442 62.6% 314,493 63.5% 63,802 43.1% 114,112 42.2% 156,527 39.4% 33,931 48.6% 78,503 58.4% 78,025 56.2% 2,217 100.0% (2) (1) 2,559 67.1% 1,649 62.4% 1,773 49.9% 203,998 50.4% 391,706 54.2% 553,035 53.3% 207

(1) 2017 (2) 2017100.0% 1231 2015 2016 2017 137,295 58.5% 213,000 60.2% 271,036 57.4% 65,963 38.7% 176,415 47.7% 276,162 49.1% 203,258 50.2% 389,415 53.8% 547,198 52.9% 1231 2015 2016 2017 2,524 501 284 478 620 2,808 478 1,121 208

2015 20162017123186,000142,000 22,000 1231 2015 2016 2017 87,592 189,923 208,303 29,107 45,720 77,671 8,278 9,949 9,809 (1) 5,660 8,630 9,322 130,637 254,222 305,105 (1) 209

[] 1231 2015 2016 2017 20,989 24,178 34,267 17,205 20,691 26,598 5,822 9,102 10,323 5,769 5,596 7,782 4,596 7,111 7,510 [] 990 (1) 1,814 1,931 2,437 56,195 68,609 89,907 (1) 1231 2015 2016 2017 257 334 470 605 1,016 2,718 84 728 124 946 2,078 3,312 210

2015201620171231 49,00083,000170,00020152016201712 31790,000531,000 1,200,000 1231 2015 2016 2017 14,181 20,619 36,891 (8,961) (3,151) 4,067 5,220 17,468 40,958 25%20152016 2017123128.7%26.2%26.5% 211

2017123120161231 20161231723.343.4% 201712311,037.4(i) 306.6(ii)4.4 (iii)2.2 20161231586.3 52.3%20171231892.9(i) 179.9(ii) 126.7 1231 2016 2017 50,502 86,090 6,249.5 5,755.8 78,287 146,782 3,457.6 2,707.1 20161231315.6 57.0%20171231495.5 2016123150,50270.5%20171231 86,090(i)(ii)20142015 2017(iii) 20161231 6,249.57.9%201712315,755.8 212

20161231270.7 46.8%20171231397.3 2016123178,28787.5%20171231146,782 (i)(ii)20142015 2017(iii) 201612313,457.6 21.7%201712312,707.1(i) (ii) (iii) 20161231134.4 3.3%20171231138.8 1231 2016 2017 75,515 95,401 1,779.8 1,454.6 2016123175,51526.3%201712 3195,401(i)(ii) 201420152017(iii) 201612311,779.8 18.3%201712311,454.6(i) (ii) 213

2017420177 20171231 2.2 201612312.634.4%2017 12313.620162017 2017 20161231331.646.1% 20171231484.4(i) 115.9(ii) 28.5 20161231391.7 41.2%20171231553.02016 54.2%201753.3% 201653.1%201752.8% 201642.2%201739.4% 20162017 62.6%63.5% 201658.4%201756.2% 201612310.5134.5% 201712311.10.5 214

20161231142,00084.5% 2017123122,000 20161231245.220.0% 20171231305.1(i) 32.0(ii) 18.4 2016123168.631.0% 2017123189.9(i) 10.1(ii) 5.9 201612312.159.4% 201712313.3 1.7 2016123183,000104.8% 20171231170,000 20161231531,000132.0% 201712311.2 215

2016123117.5134.5% 2017123141.0 2016123166.7132.1%20171231 154.7201620171231 26.2%26.5% 2016123149.2 131.2%20171231113.8 201612316.8%20171231 11.0% 2016123120151231 20151231405.178.5% 20161231723.3(i) 254.7(ii) 64.6 20151231331.6 76.8%20161231586.3(i) 132.1(ii) 122.7 1231 2015 2016 29,259 50,502 6,272.5 6,249.5 30,220 78,287 4,898.2 3,457.6 216

20151231183.5 72.0%20161231315.6 2015123129,259 72.6%2016123150,502(i) (ii)201420152016 (iii)20151231201612 31 6,272.56,249.5 20151231148.0 82.9%20161231270.7 2015123130,220159.1%20161231 78,287(i)(ii)20142015 2016(iii) 201512314,898.2 29.4%201612313,457.6(i) (ii) (iii) 2015123169.8 92.6%20161231134.4 1231 2015 2016 27,976 75,515 2,494.1 1,779.8 217

2015123127,976169.9%201612 3175,515(i)(ii)2014 20152016(iii) 201512312,494.1 28.6%201612311,779.8(i) (ii) 201512313.830.7%2016 12312.620152016 20151231201.164.9% 20161231331.6(i) 79.7(ii) 32.3 20151231204.0 92.0%20161231391.7 2015123150.4%2016123154.2% 201550.5%201653.1% 201556.5%201662.6% 201543.1%201642.2% 218

201548.6%201658.4% 20152016 201512312.883.0% 201612310.52.5 2015123186,000 20161231142,000 20151231130.694.6% 20161231254.2(i)2016 2015 102.3(ii) 16.6 2015123156.222.1% 2016123168.6(i) 3.5(ii) 3.2 20151231946,000119.7% 201612312.1 411,000 219

2015123149,00069.4% 2016123183,000 20151231790,00032.8%2016 1231531,000 201512315.2234.6% 2016123117.5 2015123118.2266.4%20161231 66.7201528.7%2016 26.2% 2015123113.0 279.1%2016123149.2 201512313.2%20161231 6.8%(i)(ii) 2015 2015201620171231 13.119.6119.2 220

1231 2015 2016 2017 76,368 103,829 218,401 (106,628) (58,639) (78,521) 31,377 (38,706) (40,320) 1,117 6,484 99,560 12,018 13,135 19,619 13,135 19,619 119,719 20171231218.4 (i)154.7 34.8(ii) 77.8(iii)10.7 (i) 44.0(ii) 25.8 221

20161231103.8 (i)66.7 31.2(ii) 33.2(iii) 16.4 (i)22.9 (ii)17.7(iii) 12.6 2015123176.4 (i)18.2 23.2(ii) 26.9(iii) 17.5(a)(b) 2015 10.3 2017123178.5 (i)97.9(ii) 43.6(iii)18.0 2017 (i)66.5(ii)14.5 2016123158.6 (i)39.5(ii) 34.9(iii)10.8 2016 (i)17.0(ii) 10.1 222

20151231106.6 (i)75.6 (ii)29.4(iii)28.0 2015 (i)14.6(ii)11.8 2017123140.3 (i)43.0 1.(ii) 31.1 (iii) 26.3(iv)19.7 (v)12.0(i) 60.0(ii)24.2 2016123138.7 (i)96.9(ii) 10.0(i) 46.9(ii)12.4(iii) 10.0 223

2015123131.4 (i)58.9(ii) 50.0(iii)23.0(iv) 17.5(i) 73.7(ii)26.0(iii) 19.9 (i) (ii) 1231 2015 2016 2017 75,612 34,928 43,645 110 410 121 75,722 35,338 43,766 2018123178.0 [][] 224

1231 2018 2015 2016 2017 430 22,914 35,468 34,828 43,154 2,350 2,407 46,056 62,876 110,004 137,146 26,225 55,687 87,074 45,507 13,135 19,619 119,179 193,276 108,330 173,650 353,435 421,490 10,000 10,000 21,000 22,000 7,613 16,837 27,545 37,670 13,638 16,525 27,625 20,665 55,974 77,328 69,563 85,040 44,101 77,273 155,041 175,608 83,387 33,349 13,825 11,866 38,000 38,000 214,713 231,312 352,599 390,849 (106,383) (57,662) 836 30,641 201843030.6 421.5390.820171231 836,000(i)74.1 (ii)27.1(a) 225

(b)[] (c) (i)41.6 (ii)20.6 20171231836,000 353.4352.620161231 57.7(i)99.6 (ii)47.1 32.3(iii) 31.4(iv) 19.5(i) 77.8(ii)201712 38.038.0 2016123157.7 173.7231.320151231 106.448.7(i) 50.0(ii) 29.5 33.2 [][][] [][]10% 12 226

1231 2015 2016 2017 (1) 3,922 5,124 4,839 (2) 18,992 30,344 29,989 22,914 35,468 34,828 (1) A (2) A 2016123135.51.8%2017 123134.8 2015123122.954.8%2016 123135.5 201520162017123132.2 32.226.5 365 20152017366 20162015 201632.2201632.2 201726.5 201843020171231 227

2015201620171231 2.4 1231 2015 2016 2017 3 900 46 900 71 550 2,350 201712312.4 2017123120185 1231 2015 2016 2017 4,077 19,572 51,919 20,150 14,026 17,562 8,957 7,259 12,129 3,741 9,843 9,836 5,050 5,135 5,916 1,004 3,649 4,794 [] 1,990 3,077 3,392 5,858 46,056 62,876 110,004 228

2016123162.9 75.0%20171231110.0 32.3 2015123146.1 36.5%2016123162.9 15.5 20152016 201712317.616.8 27.5 201512317.6121.2% 2016123116.863.6%20171231 27.5 2015201620171231 10.513.516.7 365 20152017366 2016 201510.5201613.5 201716.7 229

1231 2015 2016 2017 3 5,108 7,908 24,806 46 2,212 8,151 1,065 712 113 490 1,085 1 180 288 589 7,613 16,837 27,545 201843020171231 1231 2015 2016 2017 14,648 21,460 30,522 15,879 20,402 22,820 9,488 4,568 4,465 2,265 7,309 4,124 10,937 20,769 3,826 199 364 427 2,558 2,456 3,379 55,974 77,328 69,563 230

2016123177.3 10.0%2017123169.6 16.99.1 2015123156.0 38.1%2016123177.3(i) 9.8(ii) 6.8 2015 201620171231 44.177.3155.0 20152016201720152016201711 17.244.177.3 1231 2018 2015 2016 2017 430 10,000 (1) 10,000 (1) 21,000 (1)(2) 22,000 (1)(2) (3) 83,387 33,349 13,825 11,866 (4) 10,937 20,769 3,826 179 104,324 64,118 38,651 34,045 37,000 (2) 33,500 (2) 104,324 64,118 75,651 67,545 231

(1) 2015201620171231201843010.0 10.010.010.0 6.12%,5.22%5.44%5.44%20186 (2) 20171231201843048.045.5 6.8875% [] (3) (4) 1231 2018 2015 2016 2017 430 10,000 10,000 21,000 22,000 17,000 18,500 20,000 15,000 10,000 10,000 58,000 55,500 2018430 55.5 2018430 232

2018430 1231 2015 2016 2017 11,136 4,804 8,806 11,136 4,804 8,806 1020 233

1231 2015 2016 2017 49,594 54,045 61,939 217,083 223,812 259,603 337,126 283,550 301,472 603,803 561,407 623,014 1231 2015 2016 2017 (1) 14 234

1231 2015 2016 2017 (2) 17,663 3,821 (2) 11,921 10,056 12,916 (2) 4,000 5,400 11,350 (2) 3,900 2,300 300 (2) 2,222 4,554 9,810 (2) 2,029 7,775 9,720 (2) 9,420 (2) 1,780 6,960 9,250 (2) 359 10,132 (2) 979 979 (2) 9,376 26,211 55,687 87,074 26,225 55,687 87,074 235

1231 2015 2016 2017 (3) 42,792 (3) 18,000 9,000 12,000 (3) 17,000 12,000 (3) 5,420 4,820 (3) 175 (3) 3,441 (3) 2,800 1,700 (3) 788 (3) 500 (4) 125 83,387 33,349 13,825 236

(1) (2) (3) (4) 1231 2015 2016 2017 (1) 38 175 305 (2) 14 15 20 52 190 325 (1) (2) [ ] 34(i) (ii) 237

1231 2015 2016 2017 (%) (1) 50.4 54.2 53.3 (2) 3.2 6.8 11.0 (3) 13.6 33.6 66.0 (4) 4.2 13.0 20.2 1231 2015 2016 2017 (5) 0.50 0.75 1.00 (6) 0.40 0.60 0.90 (7) 95.3% 30.4% (1) 100% (2) 100% (3) 100% (4) 100% (5) (6) (7) 100% 238

2015123113.6%20161231 33.6%2017123166.0% 201512314.2%20161231 13.0%2017123120.2% 201512310.5020161231 0.75201712311.00 (i)(ii) (iii) 201512310.40201612310.60 201712310.90 2017123120161231 30.4% 2015123195.3%20161231 30.4% 3 239

20171231100 360,000 3.1(a) 3.1(c) 20171238.020185 240

10% 50% 20171231 33.7 [] [][][] [][][][] [][] []H[] []H32 3.0[] 0.9920171231 2.0[]20171231 [] [][][] [][] 20181231 241

4.29 []20171231[]2017 1231 20171231[] 20171231 2017 1231 [] [] 2017 1231 1 2 3 4 H[][] 165,248 [] [] [] [] H[][] 165,248 [] [] [] [] H[][] []10% 165,248 [] [] [] [] (1) 20171231 20171231 172,372,000201712317,124,000 242

(2) [][][][][][] [][]10%[] 20171231[] 990,000[] (3) [] []20171231[] (4) 1.00 0.82 (5) 2017 1231 20171231 []1313.1313.19 243

47 2011313 200910 Chen Jiayu 20091014 40 2018524 200910 Chen Jiayu 20091014 20091014 CHEN Jiayu 27 2018524 20173 36 2018524 20185 63 2018524 20185 244

48 2018610 20186 41 2018524 20185 57 2018524 20101 (1) 2018524 48 2018524 20185 54 2018524 20185 (1) 201012010820111020126201312 245

40 2018524 200910 Chen Jiayu 20091014 20091014 LEE Kilsung 45 201412 20106 50 201728 20172 201728 51 2014118 201411 36 2017915 20179 246

37 201713 20139 41 201822 200910 43 201822 20123 43 2018524 20155 2018524 247

4720113200910 1720011220036 20037 200910 20113201312 2002112004 920081 248

2014320155 20185 20148 4020185200910 172001122003 820039 200992008122017 4200910 201612 20155 Chen Jiayu2720185 Chen2016220171Imstem Biotechnology Inc. 20173 Chen20145 201512 Chen2017102017& 249

3620185 10 20071220117TÜV 20118201442014520165 0007661776 2016320174 20175 20037 20116201510 6320185 20057200810 20081120133 2013320147 20147 20172603222 19991 20057 250

482018610 2017830 Sisram Medical Ltd.1696.HK200462016 10388.HK 200092003 5 2000120009 1996819979 19948199651994 5199481997 19918 199812 1999720044 4120185 15 20038200911 200912 19997 20032 20104 13.51(2)(h)(v) XV 251

: 5720185 27 19902001(i) (ii)(iii) (iv) 20019200912 20101 2010720108201011 20115201110 20126 20135 252

201312 2015520168 1983719851 19965 199110 2010120094MBA2009 GLMBA 4820185 2004920085 20066 201512 20175 19937 199812 199961999 8 2001IBM20076 253

5420185 199812200012 20037 201020129 834683 20152 00006120154 002341 20177 20016 20037200522006 22011920128 13.51(2)(h)(v) XV 254

Lee Kilsung4520141 20051Lee2010 6Lee 20141 Lee19977201310 201312 2013201411 20173 5020172 23 19921 1993819965 72000 320004200222002 3 2005320063 255

2006420061120074 20074 200982010820109 2015120172 20172 19896 19956 1998420004 20004200442005320082 2006520094 51201411 20 19947201411 20011 20066 2014 1120161 19997 20029 256

3620179 13 20047200932009 4 2010220179 603180 20179 2004720089 20116 3720171 20033200512005 8200772008920096 200910 20139201411 20161220171 20111220184 EMBA2018 20066200712 ISO 257

4120182 13 20051200811 2009320094 20096200910 20123 201452014320181 20182 20006 4320182 12 2003620051 2005520051220061 20123201612 201492018220176 2013520181 20182 199912 258

4320185 20077201412 20155 201552017120172 1996720031 XV 20185[] 20185[ ][] 259

8.1219A.15 Chen Jiayu8.12 19A.15 8.1219A.15 3.2114C.3 2018524 260

3.2514B.1 2018524 14A.5 2018524 261

2018524 Chen Jiayu 262

2015201620171231 120,000120,000 100,000 2015201620171231 3,397,0003,654,000 3,978,000 2015201620171231 20181231 525,000 [ ] 263

3A.1919A.05 3A.23 [][] 13.10 [][] 14 264

156,000,000 156,000,000100% 68,401,586 43.84% 46,861,378 30.04% 12,804,948 8.21% 11,489,688 7.37% 7,176,000 4.60% 4,742,400 3.04% 2,652,000 1.70% 1,872,000 1.20% 156,000,000 100% [][][] []H[][]%[ ]% [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] []H H [] [] [] [] 265

[][][] []H[][]%[ ]% [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] []H H [] [] [] [] []H[] H H H HH 266

(i)12 H20%(ii) 15H(iii) []H 2018524 2019523 [][] [][] H H HH H H H 267

H[][] HH []H [] [][][] [] H H [] [] H H []H H [][][][] 268

HH H [] [][] [][]15 [] [][][] 269

[][] XV23 10% [] [] [] [] [] [] [] (1) (2) (2) (3)(4) [] 73.89% [] [] [] (5) [] 73.89% [] [] [] (4)(6) [] 73.89% [] [] [] (7) [] 73.89% [] [] [] (4) [] 73.89% [] [] [] (4) [] 73.89% [] [] [] 270

[] [] [] [] [] [] [] (1) (2) (2) (8) [] 12.95% [] [] [] (9) [] 8.21% [] [] [] [] 8.21% [] [] [] (10) [] 7.37% [] [] [] (11) [] 7.37% [] [] [] (12) [] 7.37% [] [] [] 271

(1) [] (2) [][] [][] [] (3) 80% (4) (5) (6) 100% (7) (8) (9) 36.91% (10) 100% (11) (12) 1.01%90.13%8.44%0.42% 272

[][](i) 80%20%[]%(ii) 100% []% []% []%[] 8.10 [] 273

34 [] (i) (ii) (iii) 274

(iv) (v) 13 (i)(ii) 34[] [] 275

2018 [][] (a)(b)(c) (i) 10% (ii) (iii) 276

(i) (v) (ii) (iii) (iv) 277

(v) (iv) (vi) (v) (v) 278

(i) (ii) (a) 30% (b)h[] H (i) (ii) 279

(iii) (iv) 14A (v) (vi) 或董事 [] 280

[] 14A 80% 20%50%20% 40.95% 2018[][] 50%20% 2011 281

2015201620171231 38,000175,000305,000 []20201231 [] 14A 5%3,000,000 14A.76(1)(c) 14A 2018[][] 201411 2015201620171231 14,00015,00020,000 282

[]20201231 [] 14A 0.1%14A.76(1) (a)14a 283

[ ] [] []H[][] [][][] [][][] [][] []%[] []%[](i) (ii) []%[](i)(ii) (iii)(iv) []%[] []H[][] [][][][]H [][][] [][][][]H [][][][ ] 284

[ ] [][](i)[][] H[][](ii)[][] H[][](iii)[] []H[][] [][][][] [] [] [] [][][] 285

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I-1I-3 200 [] [] [I-4][I-55] 201520162017123120152016 201712312015201620171231 [I-4][I-55] [] [][] 1.32.1 I-1

200 1.32.1 1.32.1201520162017 12312015201620171231 I-4 I-2

21 [] [] I-3

I I-4

1231 2015 2016 2017 6 176,683 171,416 178,562 7 6,952 7,200 7,124 22 16,657 19,808 15,741 1,819 5,683 7,109 202,111 204,107 208,536 9 22,914 35,468 34,828 11 2,350 12 46,056 62,876 110,004 13 26,225 55,687 87,074 14 13,135 19,619 119,179 108,330 173,650 353,435 310,441 377,757 561,971 15 100,000 100,000 113,796 15 43,902 47,468 24,841 (55,180) (13,394) 33,735 88,722 134,074 172,372 8(b) 7,006 12,371 95,728 146,445 172,372 17 37,000 37,000 17 10,000 10,000 21,000 18 7,613 16,837 27,545 13,638 16,525 27,625 19 55,974 77,328 69,563 20 44,101 77,273 155,041 13 83,387 33,349 13,825 21 38,000 214,713 231,312 352,599 214,713 231,312 389,599 310,441 377,757 561,971 I-5

1231 2015 2016 2017 334 416 1,219 232 434 388 8(a) 112,329 112,329 199,689 628 47 2,118 113,523 113,226 203,414 2,350 3,074 3,105 3,755 13 107,421 128,170 134,612 14 3,552 7,803 102,811 114,047 139,078 243,528 227,570 252,304 446,942 16 100,000 100,000 113,796 16 15,387 (14,915) (13,203) 6,423 85,085 86,797 135,606 19 1,133 11,213 1,800 13 68,560 138,294 259,536 13 72,792 16,000 12,000 38,000 142,485 165,507 311,336 142,485 165,507 311,336 227,570 252,304 446,942 I-6

1231 2015 2016 2017 23 405,142 723,339 1,037,398 24 (201,144) (331,633) (484,363) 203,998 391,706 553,035 24 (130,637) (254,222) (305,105) 24 (56,195) (68,609) (89,907) 26 2,808 478 1,121 27 (946) (2,078) (3,312) 28 (86) (142) (22) 18,942 67,133 155,810 29 49 83 170 29 (790) (531) (1,232) 18,201 66,685 154,748 30 (5,220) (17,468) (40,958) 12,981 49,217 113,790 12,981 49,217 113,790 13,323 45,352 97,965 (342) 3,865 15,825 31 0.085 0.291 0.628 I-7

201511 50,000 43,000 (67,601) 25,399 5,848 31,247 13,323 13,323 (342) 12,981 15(a) 50,000 50,000 1,500 51,500 15(d) 902 (902) 50,000 902 (902) 50,000 1,500 51,500 20151231 100,000 43,902 (55,180) 88,722 7,006 95,728 201611 100,000 43,902 (55,180) 88,722 7,006 95,728 45,352 45,352 3,865 49,217 1,500 1,500 15(d) 3,566 (3,566) 3,566 (3,566) 1,500 1,500 20161231 100,000 47,468 (13,394) 134,074 12,371 146,445 201711 100,000 47,468 (13,394) 134,074 12,371 146,445 97,965 97,965 15,825 113,790 15(a) 13,796 10,451 24,247 24,247 15(b) (43,000) (43,000) (43,000) 15(c) (2,914) (2,914) (28,196) (31,110) 21 (38,000) (38,000) (38,000) 15(d) 12,836 (12,836) 13,796 (22,627) (50,836) (59,667) (28,196) (87,863) 20171231 113,796 24,841 33,735 172,372 172,372 I-8

1231 2015 2016 2017 32(a) 77,670 122,009 245,254 29 (790) (531) (1,232) 29 49 83 170 (561) (17,732) (25,791) 76,368 103,829 218,401 (75,612) (34,928) (43,645) 66 51 168 (110) (410) (121) (28,034) (39,534) (97,900) 11,838 10,058 66,513 (29,406) (10,826) (18,031) 14,630 16,950 14,495 (106,628) (58,639) (78,521) 23,000 10,000 60,000 (26,000) (10,000) (12,000) 15(a) 50,000 24,247 1,500 1,500 15(b) (43,000) 58,895 46,888 6,736 (73,666) (96,926) (26,260) 17,513 12,388 2,800 (19,865) (2,556) (19,743) (31,110) [] (1,990) 31,377 (38,706) (40,320) 1,117 6,484 99,560 12,018 13,135 19,619 13,135 19,619 119,179 I-9

II 1 1.1 20091014 2014 92711 2015201620171231 2017 1.2 [] [] I-10

80%14% 6% 201711720171228201712 2750,000,0007,000,000 40,000,0003,000,00020171228 43,000,0007,000,00050,000,000 (i) 20171228 45%16,110,000 (ii) 2017121530% 3,000,000 (iii) 2017112930% 3,000,000 (iv) 2017112830% 3,000,000 (v) 201711132017127 30%3,000,000 I-11

(vi) 2017121520171227 30%3,000,000 201711 (i) 20171113 (ii) 2017118 (iii) 20171120 20185 (iv) 20171117 (v) 20171121 (vi) 20171121 49.896%34.184%8.381%5.235%2.304% 20171130100,000,000113,795,808 7,036,336 3,459,3931,934,5291,365,550 43.847%30.039%8.208%7.365%4.600%3.040%1.700%1.200% 372018524 156,000,0001.00 I-12

20171120183 2017 I-13

(1) Shanghai Yestar Aesthetic Medical Hospital Co., Ltd. 2005111 Beijing Yestar Aesthetic Medical Hospital Co., Ltd. 201516 Hangzhou Yestar Aesthetic Medical Hospital Co., Ltd. 2010115 Hefei Yestar Aesthetic Medical Hospital Co., Ltd. 2014530 Dalian Yestar Aesthetic Medical Hospital Co., Ltd. 2013117 Chengdu Yestar Aesthetic Medical Out-patient Department Co., Ltd. 2014916 Wenzhou Yestar Aesthetic Medical Hospital Co., Ltd. 2011512 Changsha Yestar Aesthetic Medical Hospital Co., Ltd. 20101022 Xi an Yestar Aesthetic Medical Hospital Co., Ltd. 2015422 Wuhan Yestar Aesthetic Medical Hospital Co., Ltd. 20171121 Wuhan Yestar Aesthetic Medical Out-patient Department Co., Ltd. 200972 1231 2015 2016 2017 26,000,000 100% 100% 100% 10,000,000 100% 100% 100% 50,000,000 14% 14% 100% 10,000,000 70% 70% 100% 10,000,000 70% 70% 100% 10,000,000 70% 70% 100% 10,000,000 55% 55% 100% 10,000,000 70% 70% 100% 10,000,000 70% 70% 100% 10,000,000 100% 12,000,000 100% 100% 100% I-14

(1) 1231 2015 2016 2017 Kunming Yestar Aesthetic Medical Hospital Co., Ltd. 201558 Jinan Yestar Aesthetic Medical Hospital Co., Ltd. 20141024 Chongqing Yestar Aesthetic Medical Hospital Co., Ltd. 2015210 Heilongjiang Yestar Aesthetic Medical Hospital Co., Ltd. 2014620 Yestar Biological Technology Co., Ltd. 2016118 Yestar Culture & Communication Co., Ltd. 2016126 Hangzhou Yestar E-commerce Co., Ltd. 20161117 10,000,000 100% 100% 100% 10,000,000 100% 100% 100% 10,000,000 100% 100% 100% 10,000,000 100% 100% 100% 50,000,000 100% 100% 50,000,000 100% 100% 1,000,000 100% 100% (1) (2) 1231 (3) I-15

1.3 5 2 2.1 4 622 (a) 15 1518 11201811 15 15 15 2.19 I-16

(b) 201811 9 201811 16 201911 1 201811 2 201811 4 10 28 4 9 201811 9 28 201811 40 201811 22 201811 23 201911 (i) 9 9 9 9 39 (ECL)39 15 I-17

201811201811 2017 (ii) 16 16 16 17201911 15 2.21 3316 20171231623,014,000 33(b)201761,265,000 24 16 16 201911 16 16 16 1)16 2) 163) 2.2 2.2.1 I-18

(a) (i) (ii) 2 I-19

39 2.6 (b) (c) 2.2.2 2.3 2.4 (a) I-20

(b) 2.5 510 510 310 2.7 2.6 (a) I-21

(b) 5 2.7 2.8 (a) 12 2.122.13 (b) 2.9 2.10 I-22

2.11 2.12 2.13 2.14 2.15 12 I-23

2.16 (a) (b) (c) 2.17 (a) (b) I-24

2.18 2.19 20174 I-25

(a) (b) 2.20 2.21 2.22 3 3.1 (a) (i) 20152016 2017 I-26

14172017 1231100 360,000 (b) (c) 1 12 25 5 20151231 10,505 10,505 18 7,613 7,613 19 41,127 41,127 13 83,387 83,387 142,632 142,632 20161231 10,229 10,229 18 16,837 16,837 19 55,504 55,504 13 33,349 33,349 115,919 115,919 I-27

1 12 25 5 20171231 24,318 19,171 20,749 64,238 18 27,545 27,545 19 38,614 38,614 38,000 38,000 13 13,825 13,825 142,302 19,171 20,749 182,222 3.2 2015201620171231 1231 2015 2016 2017 69.16% 61.23% 69.33% I-28

4 (a) (b) 201712318,940,000 17 5 8 2015201620171231 10% I-29

6 201511 73,810 48,040 2,979 25,579 1,674 152,082 (9,587) (14,778) (681) (10,378) (35,424) 64,223 33,262 2,298 15,201 1,674 116,658 20151231 64,223 33,262 2,298 15,201 1,674 116,658 25,777 2,280 15,642 39,637 83,336 40,175 (40,175) (28) (124) (152) (10,569) (7,211) (393) (4,986) (23,159) 93,829 51,800 4,061 25,857 1,136 176,683 20151231 113,985 73,227 5,069 39,913 1,136 233,330 (20,156) (21,427) (1,008) (14,056) (56,647) 93,829 51,800 4,061 25,857 1,136 176,683 20161231 93,829 51,800 4,061 25,857 1,136 176,683 15,476 547 4,984 5,137 26,144 5,627 (5,627) (57) (70) (66) (193) (14,298) (9,140) (528) (7,252) (31,218) 85,158 58,079 4,010 23,523 646 171,416 20161231 119,612 88,260 5,471 44,308 646 258,297 (34,454) (30,181) (1,461) (20,785) (86,881) 85,158 58,079 4,010 23,523 646 171,416 20171231 85,158 58,079 4,010 23,523 646 171,416 21,975 1,195 5,257 13,689 42,116 5,164 (5,164) (62) (95) (33) (190) (14,663) (11,692) (593) (7,832) (34,780) 75,659 68,300 4,517 20,915 9,171 178,562 20171231 124,776 109,699 6,437 47,983 9,171 298,066 (49,117) (41,399) (1,920) (27,068) (119,504) 75,659 68,300 4,517 20,915 9,171 178,562 I-30

1231 2015 2016 2017 16,010 20,786 23,614 4,556 6,950 7,326 2,593 3,482 3,840 23,159 31,218 34,780 2015201620171231 7 201511 6,612 294 6,906 (24) (24) 6,612 270 6,882 20151231 6,612 270 6,882 110 110 (40) (40) 6,612 340 6,952 20151231 6,612 404 7,016 (64) (64) 6,612 340 6,952 20161231 6,612 340 6,952 410 410 (162) (162) 6,612 588 7,200 I-31

20161231 6,612 814 7,426 (226) (226) 6,612 588 7,200 20171231 6,612 588 7,200 121 121 (197) (197) 6,612 512 7,124 20171231 6,612 935 7,547 (423) (423) 6,612 512 7,124 (a) 201020116,612,000 20151231 632 632 1,562 1,562 4,418 4,418 6,612 6,612 20161231 632 632 1,562 1,562 4,418 4,418 6,612 6,612 I-32

20171231 632 632 1,562 1,562 4,418 4,418 6,612 6,612 2015201620171231 2015 1231 2016 1231 2017 1231 22.15% 12.96% 10.70% 80.38% 81.22% 83.35% 3.00% 3.00% 3.00% 22.21% 22.21% 21.99% 58,952 65,285 62,687 3%2015201620171231 3%2015201620171231 1% 2015201620171231 2015201620171231 2015201620171231 I-33

(b) 1231 2015 2016 2017 1 13 40 161 184 40 162 197 8 (a) (b) 2015201612317,006,00012,371,000 6,114,00010,178,000 20171231 20152016 20171228 1231 2015 2016 2017 16,252 29,048 47,878 (8,930) (14,772) (23,109) 7,322 14,276 24,769 6,264 8,343 12,707 6,264 8,343 12,707 13,586 22,619 37,476 I-34

1231 2015 2016 2017 35,665 68,126 89,559 8,632 12,225 20,011 (2,207) (3,193) (5,154) 6,425 9,032 14,857 6,425 9,032 14,857 2,891 4,064 6,686 1231 2015 2016 2017 11,095 18,215 28,597 3 1 5 (2,583) (4,691) 11,098 15,633 23,911 (10,840) (12,754) (26,733) 130 258 2,879 (2,692) 213 471 3,350 471 3,350 658 9 1231 2015 2016 2017 3,922 5,124 4,839 18,992 30,344 29,989 22,914 35,468 34,828 2015201620171231 24 I-35

10 1231 2015 2016 2017 11 2,350 12 27,672 24,160 29,611 13 26,225 55,687 87,074 14 13,135 19,619 119,179 67,032 99,466 238,214 17 10,000 10,000 58,000 18 7,613 16,837 27,545 19 41,127 55,504 38,614 13 83,387 33,349 13,825 142,127 115,690 137,984 11 1231 2015 2016 2017 2,350 2,350 2015201620171231 1231 2015 2016 2017 3 900 46 900 71 550 2,350 I-36

2015201620171231 2,350,000 1231 2015 2016 2017 3 900 46 900 71 550 2,350 2015201620171231 2017123120185 12 1231 2015 2016 2017 4,077 19,572 51,919 (a) 20,150 14,026 17,562 8,957 7,259 12,129 3,741 9,843 9,836 5,050 5,135 5,916 1,004 3,649 4,794 [] 1,990 3,077 3,392 5,858 46,056 62,876 110,004 (a) 20171231 201845 (b) I-37

13 1231 2015 2016 2017 14 11,921 10,056 12,916 4,000 5,400 11,350 359 10,132 2,222 4,554 9,810 2,029 7,775 9,720 9,420 9,376 1,780 6,960 9,250 17,663 3,821 979 979 3,900 2,300 300 26,225 55,687 87,074 18,000 9,000 12,000 2,800 1,700 125 42,792 17,000 12,000 5,420 4,820 175 3,441 788 500 83,387 33,349 13,825 20152016 20171231 20171231201845 I-38

1231 2015 2016 2017 22,878 32,115 42,095 7,070 18,680 26,080 15,750 24,750 24,564 19,139 18,118 23,012 21,189 17,839 12,419 4,427 3,427 3,857 10,487 8,897 1,244 6,481 4,344 1,341 107,421 128,170 134,612 14,571 17,463 96,190 49,051 58,697 73,960 4,000 13,400 33,960 488 35,884 26,603 150 12,850 14,640 8,633 300 5,550 68,560 138,294 259,536 18,000 9,000 12,000 42,792 12,000 7,000 72,792 16,000 12,000 2015 201620171231 14 1231 2015 2016 2017 10,800 17,123 118,265 2,335 2,496 914 13,135 19,619 119,179 I-39

1231 2015 2016 2017 3,191 7,508 102,628 361 295 183 3,552 7,803 102,811 15 (d) 201511 50,000 43,000 43,000 (a) 50,000 902 902 20151231 100,000 43,000 902 43,902 201611 100,000 43,000 902 43,902 3,566 3,566 20161231 100,000 43,000 4,468 47,468 201711 100,000 43,000 4,468 47,468 (a) 13,796 10,451 10,451 (b) (43,000) (43,000) (c) (2,914) (2,914) 12,836 12,836 20171231 113,796 7,537 17,304 24,841 (a) 2015850,000,000100,000,000 22,500,00017,500,00010,000,000 I-40

1.220171130100,000,000 113,795,808 24,246,600 (b) 1.220171128 43,000,000 (c) 1.220171112 28,196,0002,914,000 (d) 10% 50% 16 201511 50,000 (14,771) 35,229 (144) (144) 15(a) 50,000 50,000 20151231 100,000 (14,915) 85,085 201611 100,000 (14,915) 85,085 1,712 1,712 20161231 100,000 (13,203) 86,797 201711 100,000 (13,203) 86,797 62,562 62,562 15(a) 13,796 10,451 24,247 4,936 (4,936) (38,000) (38,000) 20171231 113,796 10,451 4,936 6,423 135,606 I-41

17 1231 2015 2016 2017 37,000 10,000 10,000 21,000 10,000 10,000 58,000 1231 2015 2016 2017 1 10,000 10,000 21,000 12 17,000 23 20,000 10,000 10,000 58,000 2015201620171231 10,000,00010,000,000 10,000,0002015201620176.12% 5.22%5.44% 2017123148,000,0006.8875% 2017123120209 30 2015201620171231 18 1231 2015 2016 2017 3 5,108 7,908 24,806 46 2,212 8,151 1,065 712 113 490 1,085 1 180 288 589 7,613 16,837 27,545 I-42

19 1231 2015 2016 2017 14,648 21,460 30,522 15,879 20,402 22,820 9,488 4,568 4,465 2,265 7,309 4,124 (a) 10,937 20,769 3,826 199 364 427 2,558 2,456 3,379 55,974 77,328 69,563 (a) 20171231 20185 (b) 1231 2015 2016 2017 250 10,250 883 963 1,800 1,133 11,213 1,800 20 1231 2015 2016 2017 44,101 77,273 155,041 (a) I-43

(b) 1231 2015 2016 2017 17,235 44,101 77,273 (c) 21 1231 2015 2016 2017 38,000 2017123138,000,0002017 123120171231 2018572018510 22 1231 2015 2016 2017 12 12,711 11,325 7,860 12 3,946 8,483 7,881 16,657 19,808 15,741 a b 201511 7,696 7,696 2,210 6,751 8,961 20151231 2,210 14,447 16,657 I-44