ROYAL DELUXE HOLDINGS LIMITED 3789
ROYAL DELUXE HOLDINGS LIMITED 300,000,000216,000,000 84,000,000 30,000,0003,000,000 270,000,000186,000,000 84,000,000 0.671% 0.0027%0.005% 0.01 3789 32 342C 0.67 0.53 0.671%0.0027%0.005% 0.67 www.hkexnews.hk www.royal-deluxe.com
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www.royal-deluxe.com Ipsos 9.7% 740 4,994.22.9% 22 % % % % % 58,399 18.3 103,666 36.0 246,514 51.2 78,188 53.8 78,238 51.4 259,888 81.7 183,994 64.0 235,429 48.8 67,247 46.2 74,108 48.6 318,287 100.0 287,660 100.0 481,943 100.0 145,435 100.0 152,346 100.0 % % % % % 264,180 83.0 190,317 66.2 244,709 50.8 67,247 46.2 93,986 61.7 54,107 17.0 97,343 33.8 237,234 49.2 78,188 53.8 58,360 38.3 318,287 100.0 287,660 100.0 481,943 100.0 145,435 100.0 152,346 100.0 1
12 45.0 41.7%4,000 85,031,000 128115.212.8 Wang K M 12.8 13,712,000 147 177 210 87 120 142 160 75 4 4 4 1 (%) 3.3 2.8 2.5 1.3 10 % % % % % 84,956 33.0 64,140 27.7 106,883 27.4 41,511 37.3 30,958 25.4 104,746 40.7 106,337 45.9 190,953 49.0 49,835 44.8 67,088 55.0 39,540 15.4 38,698 16.7 57,932 14.9 11,799 10.6 17,230 14.1 28,344 10.9 22,469 9.7 33,943 8.7 8,180 7.3 6,612 5.5 257,586 100.0 231,644 100.0 389,711 100.0 111,325 100.0 121,888 100.0 2
5,360,000 10,801,0005,026,0003,423,000 4,393,0007,836,0002,731,000 695,000 % % % % % 3,722 6.4 7,381 7.1 39,466 16.0 14,713 18.8 19,343 24.7 56,979 21.9 48,635 26.4 52,766 22.4 19,397 28.8 11,115 15.0 60,701 19.1 56,016 19.5 92,232 19.1 34,110 23.5 30,458 20.0 % % % % % 57,412 21.7 50,305 26.4 54,075 22.1 19,397 28.8 15,290 16.3 3,289 6.1 5,711 5.9 38,157 16.1 14,713 18.8 15,168 26.0 60,701 19.1 56,016 19.5 92,232 19.1 34,110 23.5 30,458 20.0 44.3%53.7%40.8% 27.1% 99.1%95.2%97.8% 86.5% A 44.3% 53.7%40.8% 27.1%A A 18.2%28.7%21.3% 12.2% 3
(i)(ii) (iii)(iv) 89 26.3%28.7%21.3% 28.7% 74.9%83.0%69.0% 77.5% Ipsos 9.7%740 (i)(ii) (iii)(iv) (v)(vi)(vii) (viii)(ix) 4
(i)(ii) (iii) ( 84 33 51 19 5
72,574 72,574 72,574 Wang K M 801,600,000 66.8% Wang K M 318,287 287,660 481,943 145,435 152,346 (257,586) (231,644) (389,711) (111,325) (121,888) 60,701 56,016 92,232 34,110 30,458 5,360 10,801 5,026 664 3,423 (17,397) (25,622) (33,126) (9,787) (11,490) (1,545) (1,108) (2,134) (682) (1,070) 47,119 40,087 61,998 24,305 21,321 (7,953) (5,817) (12,207) (4,010) (3,282) 39,166 34,270 49,791 20,295 18,039 3.98 3.48 5.06 2.06 1.83 6
6,364 8,110 7,513 8,763 129,070 154,724 252,976 268,975 135,434 162,834 260,489 277,738 97,274 89,683 140,182 139,622 31,796 65,041 112,794 129,353 38,160 73,151 120,307 138,116 38,160 72,430 119,281 137,320 2,016,000 Ipsos 46,159 (24,703) (15,853) 5,008 30,425 (2,439) (1,512) (592) (192) (1,982) (6,135) 5,676 20,078 13,891 (5,736) 37,585 (20,539) 3,633 18,707 22,707 364 37,949 17,410 17,410 21,043 37,949 17,410 21,043 36,117 43,750 (i) 43,466,000; (ii) 29,028,000 7
28,070,000 (1) 1.3 1.7 1.8 1.9 (2) 1.3 1.7 1.8 1.9 (3) 50.0% 40.4% 41.5% 31.8% (4)(8) 16.4% 23.8% (5) 102.6% 47.3% 41.7% 39.4% (9) (6) 28.9% 21.0% 19.1% 19.5% (9) (7) 31.5 37.2 30.1 20.9 (1) (2) (3) 100% (4) 100% (5) 100% (6) 100% (7) (8) (9) 15 728,836,000 365,996,000362,840,000 317,270,000 833,512,000 158,534,000 536,847,000138,131,000 8
128 0.6 30,185,000 8,452,00021,733,000 8,618,000 13,115,000 13,115,000 3,970,0001,795,000 7,350,000 0.6 107.9 30.027.8% 386.2 45.041.7%12 4,000 11.010.2% 12 11.410.6% 10.5 9.7% 9
2,950,000 128115.2 12.8 1 636804 25% 0.530.67 300,000,000216,000,000 84,000,000 30,000,0003,000,000 270,000,000186,000,000 84,000,000 4,000 23 0.1970.530.221 0.67 1. 1,200,000,000 2. 0.530.67 1,200,000,000 3. 128 128 0.090 0.1140.530.671,200,000,000 10
123 11
A. 3. 983,990,000 32L 622 12
32 16 587 Wang K M E.1. 13
(a) 18(b)(c) (d) (e) (f) (g) 1%0.0027% 0.005% 3,000,000 1.0% 282 57 14
59 25%50% 25% GDP 15
90% 10% Ipsos Ipsos Limited 16
Ipsos Ipsos K C Limited K C Limited 17
K C Limited MT Construction MT Construction Limited MT Engineering MT Engineering Limited MT Technology MT Technology Limited 1% 0.0027% 0.005% 18
186,000,000 84,000,000 K C Limited 19
32 30,000,000 S S 20
A. 6. 51%24.5% 24.5% 84,000,000 571 0.01 D. 1 6 21
15 563 Wang K M Wang K M Wang K M Limited 22
% 17.80 23
(a) (b) / 24
25
26
27
1245.041.7% 4,000 829,000 28
(i) (ii)(iii) 3.3%2.8%2.5% 1.3% 318,287,000287,660,000,481,943,000 152,346,000 39,166,00034,270,000 49,791,00018,039,000 29
60,701,000 56,016,00092,232,00030,458,000 19.1%19.5%19.1% 20.0% 30
99.1%95.2%97.8% 86.5% 44.3%53.7%40.8% 27.1% 74.9%83.0%69.0% 77.5% 31
(i) (ii) 264,180,000190,317,000 244,709,00093,986,000 83.0%66.2%50.8% 61.7% (i) (ii)(iii) 32
84,956,000 64,140,000106,883,000 30,958,000 33.0%27.7%27.4% 25.4% 104,746,000 106,337,000 190,953,000 67,088,000 40.7%45.9%49.0% 55.0% 33
37 (i)(ii)(iii) (iv) 34
1,269,000 (i)(ii) (iii) 26,095,00020,785,00032,931,000 43,834,000 20.2%13.4%13.0% 16.3% 26302131 35
13,768,00015,042,000 19,915,00025,874,000 14.2%16.8%14.2% 18.5% 19231723 24,703,00015,853,000 36
39,540,000 38,698,00057,932,00017,230,000 37
2,950,000 B. 2. (i)(ii) (iii) 83.0%66.2%50.8% 61.7% 38
39
40
IpsosIpsos Ipsos 41
42
14A 43
571V 30,000,0003,000,000 270,000,000 186,000,000 84,000,000 44
45
44B(1) Estera Trust (Cayman) Limited 4,0003789 46
300,000,000 84,000,000 47
8.5 0.6 41.9 E.12. 48
80 17 26 1 1 D 96 C 8 1 J 40 8 2 29 G 49
188 26 1 6 188 26 3 11 1101 16-18 11 121 902 1 1605-06 30 41 4124 50
1 2206-19 28 4 5 1602 11 31 Ipsos Limited 77 22 99 16 Wang K M Limited P.O.Box 957 Offshore Incorporations Centre Road Town Tortola British Virgin Islands 51
P.O. Box 1350 Clifton House 75 Fort Street Grand Cayman KY1-1108 Cayman Islands 16 7 26 A www.royal-deluxe.com (CPA) 596 2 80 17 26 (CPA) 596 2 52
188 26 Estera Trust (Cayman) Limited P.O. Box 1350 Clifton House 75 Fort Street Grand Cayman KY1-1108 Cayman Islands 183 22 99 11 108 53
Ipsos Ipsos Ipsos Ipsos Ipsos Ipsos Ipsos Ipsos 408,000 Ipsos Ipsos SA Ipsos SA Ipsos87 16,000 Ipsos(i) (ii) IpsosIpsos Ipsos 54
Ipsos IPSOS Ipsos Ipsos 55
GDP GDP2.5%20,392 22,464 GDP22,913 25,330 GDP 388 4,553 5,4344.5% 10.1%490 793 12.0% 9.6% 56
GDP3.3%4.3% 7741,432 16.6% 42177116.3% 353661 17.0% 1,432 300 57
69,395 101,98210.1% 320 14.8% 1,7483,034 10.7% 167 329 29,000 19,000 739 858 58
890 1,732 18.1% 4 11,280 18,200 68,000125,900 10,7331,740 3,898 5,095 59
2,541.74,994.2 18.4% 6.5%5,271.96,781.5 18.4% 6.5% 8,000.0 7,000.0 6,000.0 5,000.0 4,000.0 3,421.6 3,381.8 4,047.8 4,994.2 5.271.9 5,652.3 6,289.1 6,549.0 6,781.5 3,000.0 2,541.7 2,000.0 1,000.0 0.0 Ipsos 979 1,499 11.2% 11.4%2,356 20,726 60
19 70.0 71.0 74.0 75.0 75.0 25 3,355.0 3,814.0 3,814.0 3,814.0 4,026.0 2,024.4 2,086.8 1,739.8 1,909.5 1,497.2 Global Economic Monitor (GEM) CommoditiesIpsos 19 25 1,497.2 747 Ipsos 9.7%Ipsos 61
62
8.6 14,600 11,40028.1% 76,000 63
59 (i) (ii) (iii) (iv)(v) 500,000 500,000 6BA 64
1 3 6BA50,000 6BA (i)18 (ii) (iii) (iv)(v) (vi) 200,000 509 (i) (ii) (iii) (iv) (v) 65
200,000 200,000 200,000500,000 115 38A (i) (ii) 38A 350,000 38A 608 32.5 314 66
282 15 2147 2 714 714 2 24 40 200 100,000 57 43 67
(i) (ii) ( ) 60 14 50,000 43F43C (i) (ii) 583 68
50,000 (i) (ii) (iii) 100,000 123 (i)(ii) (iii)(iv) 14(1) 41(3) 69
41(3) 8B(2) (i)(ii) (iii)(iv) 52 94 70
(i) (ii) 8 311 71
200,000 5,000 200,000 20,000 (i) (ii)(iii)(iv)(v) 25,000 50,000 50,000100,000 3 10,000 72
400 100,000 200,000 20,000 358 (i)(ii) (iii) 2 2 354 73
16B(i) 20(ii) 16C 21 200,000 6 500,0002 132 10,000 200 74
25,000450 10,000 200 466 (i)200,000 (ii)500,000 10,000 3 (i)(ii) (iii) 75
60 120 60120 (i) (ii) 5 500,000 5 500,000 (i) (ii) (iii) 76
77
380,00038,000,0000.01 Wang K M Wang K M9,999 MT ConstructionMT Engineering MT Technology Wang K M 10,000 4. Wang K MMT ConstructionMT Engineering MT Technology Wang K MK C Limited500 5. Wang K M 9,000 90% 500 5% K C Limited 500 5% 10,000 100% 1,962,000,000 380,000 20,000,000 78
MT Construction MT Construction 50,000 1.00 MT ConstructionMT Construction Wang K MWang K M MT Construction MT Construction MT Construction MT Engineering MT Engineering 50,000 1.00 MT EngineeringMT Engineering Wang K MWang K M MT Engineering MT Engineering MT Engineering MT Technology MT Technology 50,000 1.00 MT TechnologyMT Technology Wang K MWang K M MT Technology MT Technology MT Technology 10,000 4,9994,999 79
4,9994,999 1.00 1.00 5,000 5,250 1,000,000 49 49 49 49 5050 10,000 1,000,000 989,901 9,999989,901 9,999 10,000 10,00010,00010,000 80
10,000 1. MT ConstructionMT Engineering MT Technology (i) MT Construction 50,000 1.00 MT Construction MT Construction Wang K M (ii) MT Engineering 50,000 1.00 MT Engineering MT Engineering Wang K M (iii) MT Technology 50,000 1.00 MT Technology MT Technology Wang K M 2. 380,00038,000,000 Wang K M 3. (i) MT Construction Wang K M3,333 MT Construction (ii) MT Engineering Wang K M3,333 MT Engineering 81
(iii) MT Technology Wang K M3,333 MT Technology 4. Wang K MMT ConstructionMT EngineeringMT Technology Wang K MMT ConstructionMT Engineering MT TechnologyWang K M 10,000 5. Wang K M 20,000,000Wang K M500 5% Wang K M K C Limited K C Limited20,000,000Wang K M500 5% 500 20,000,000 1 0.41 2 49,200,000 4.1% 82
K C Limited 500 20,000,000 1 0.41 2 49,200,000 4.1% 1. 0.53 23.3%0.67 39.3% 2. 1341 K C Limited K C Limited 83
K C Limited K C Limited K C Limited Wang K M 9,000 90% 500 5% K C Limited 500 5% 10,000 100% K C Limited4.1% 4.1% K C Limited 8.08 K C Limited HKEx-GL29-12 84
28 HKEx-GL43-12HKExGL44-12 6. (i)(ii) 9,839,000 983,990,900 30,000,000 270,000,000 186,000,00084,000,000 25% 51%24.5% 24.5% 1,080,000 609,000 131,000 (i)(ii) 85
Wang K M 241210.0712 100% 100% 100% 86
100% 100% 100% Wang K M 90% 5% K C Limited 5% 100% MT Construction 100% MT Engineering 100% MT Technology 100% 100% 100% 87
100% Wang K M 66.8% K C Limited 4.1% 4.1% 25% 100% 100% 100% MT MT MT Construction Engineering Technology 100% 100% 100% 88
Ipsos 9.8% 740 22 114 105 488,397,000 240,439,000 318,287,000 287,660,000481,943,000 152,346,000 39,166,00034,270,000 49,791,00018,039,000 89
22 M+ 1.00 1,442,562,000 1 6 2 13 90
353625 Ipsos B. 2. 91
(i)ipsos 16.3%(ii) 76,70020,400 4 92
10.0 4,000 45 (i)(ii) (iii)(iv) 93
(1)(2) (3)(2) (3) (1) (i)(ii) (iii) (i) (ii) (iii) (iv) PVC(v) 94
(2) (i) (ii)(iii) 95
(3) 96
97
F1 10 2 15 F2 5 2 10 F3 3 2 5 F4 3 2 5 F5 2 2 3 596A 6B 59I (i) (ii)(iii)(iv)(v) (vi)(i) 98
(ii)(iii) (iv) (v) 8 649,051 3 173,526 11 822,577 4 146,633 5 163,010 12 838,954 7 75,563 8 480,493 13 1,243,884 99
2 152,939 1 86,638 12 1,177,583 2 52,291 5 317,270 15 1,442,562 310,650 437,742 505,191 728,285 445,379 355,109 705,037 152,897 (318,287) (287,660) (481,943) (152,346) 437,742 505,191 728,285 728,836 100
15 1 2 4 1 8 86,124 1,554 28,768 25,319 55,641 55,641 24,586 10,280 14,306 2 113,672 88 7,353 34,946 25,701 68,088 68,088 168,720 19,123 87,541 62,056 3 252,577 141,023 152,826 167,629 15,950 477,428 568,245 39,509 888 19,500 19,121 4 116,041 11,037 98,688 6,059 115,784 115,784 11,465 4,911 6,554 5 18,266 21,547 4,458 26,005 26,005 7 1,550 6 21,898 5,104 16,375 21,479 21,479 1,402 1,402 7 25,988 4,386 5,876 10,262 10,262 15,732 2,842 2,804 10,086 8 386,158 4,894 14,002 18,896 18,896 372,262 18,909 25,198 135,000 85,377 107,778 9 17,929 3,322 7,138 10,460 10,460 7,624 4,278 3,346 10 86,638 760 760 760 85,878 6,207 28,472 28,800 22,399 11 15,896 5 15,896 174 3,401 6,000 4,718 1,603 12 54,557 6 54,577 16,500 17,500 15,000 5,577 13 6,784 6,784 3,575 3,209 14 170,775 170,775 10,673 42,500 50,965 66,637 15 69,238 69,238 7,377 18,500 18,889 24,472 101
1 3 4 % 1 107,921 137,830-0.8 2 21,239 22,366 3.5 3 710 807 12.9 4 16,763 519 4 56.0 5 30,024 30,446 10.8 6 4,330 10,285 18.8 7 1,762 1,762 63.2 8 764 758 0.2 9 230 330 51.1 10 37,641 1,960 4 5.5 11 813 1,205 23.7 12 1,363 1,548 11.7 13 151,576 159,020 2.1 102
1 3 4 1 44,563 44,344 2 7,728 22,253 1. 2. 3. 4. (i)(ii) (iii) 5. 6. 7. 8. 103
104
(i)(ii) (iii)(iv) (v)(vi)(vii) (viii)(ix) 1,269,000 147 177 210 87 120 142 160 75 4 4 4 1 (%) 3.3 2.8 2.5 1.3 10 105
3.3%2.5% 1.3% (i)(ii) (iii) (iv) 106
107
108
109
45 2.5% 10% 318,287,000287,660,000 481,943,000 152,346,000 7 44.3%53.7%40.8% 27.1% 99.1%95.2%97.8% 86.5% 110
1 A D F 2 B 3 C 4 659 5 D 5 7 4 45 4 45 3 21 15 7 141,023 44.3% 116,204 36.5% 38,766 12.2% 15,334 4.8% 4,292 1.3% 315,619 99.1% 2,668 0.9% 318,287 100% 111
1 A D F 2 659 3 B 4 C 5 F 5 7 3 21 4 45 4 45 2 35 154,380 53.7% 70,829 24.6% 21,626 7.5% 15,476 5.4% 11,368 4.0% 273,679 95.2% 13,981 4.8% 287,660 100% 112
1 A D F 2 F 3 659 4 G D 5 H 5 7 2 35 3 21 4 7 14 14 196,397 40.8% 132,712 27.5% 98,789 20.5% 34,946 7.3% 8,425 1.7% 471,269 97.8% 10,674 2.2% 481,943 100% 113
1 A D F 2 G D 3 H 4 F 5 659 5 7 4 7 14 14 2 35 3 21 41,269 27.1% 25,701 16.9% 23,513 15.4% 22,814 15.0% 18,411 12.1% 131,708 86.5% 20,638 13.5% 152,346 13.5% 5% 114
99.1%95.2%97.8% 86.5% (i) (ii) Ipsos 147 210 (iii) (iv) 115
(v) 7 56 (i) (ii) 2.5% 10% 2.5%5% 1224 116
5% / 24 117
756 10%5% 25,004,000 118
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38,858,00020,390,00027,914,000 4,044,000 38,113,00019,640,00024,656,0003,947,000 98.1%96.3%88.3% 97.6% % % % % F 11,368 4.0 132,712 27.5 22,814 15.0 1,349 1.3 2,107 6.8 (1) 15.2 27.5 41.7 C 38,766 12.2 15,476 5.4 630 0.1 760 0.5 86 0.1 (1) 10.1 6.6-29.1 14.0 120
% % % % G 88 7,353 2.6 34,946 7.3 25,701 16.9 21 750 1.2 5 (1) 11.8 14.1 17.3 24.4 A 141,023 44.3 154,380 53.7 196,397 40.8 41,269 27.1 15,488 18.2 18,407 28.7 22,816 21.3 1,422 4.6 (1) 41.5 24.0 28.3 3.4 15,334 4.8 70,829 24.6 98,789 20.5 18,411 12.1 255 0.3 235 0.2 14 (1) 8.2 4.4 1.0 8.8 B 116,204 36.5 21,626 7.5 22,370 26.3 1,147 1.8 3,258 3.0 (1) -1.4 50.0 121
% % % % H 1,960 0.6 8,425 1.7 23,513 15.4 724 0.9 256 0.2 399 1.3 (1) -0.9 23.3 31.4 D 4,292 1.3 5,993 2.1 4,894 1.0 14,002 9.2 97 0.3 (1) 10.1 25.1 18.3 24.3 (1) ABDG H) 10 (i) (ii) (iii) C 122
6.6% -29.1% C 15,476,000630,000 0.1%C B -1.4%50.0% B (i)(ii) B 116,204,00021,626,000 BA A (i)(ii) (iii)(iv) (i)(ii)(iii) (iv)(v) 123
89 (i) (ii) 26.3%28.7%21.3% 28.7% 74.9%83.0%69.0% 77.5% 1 B 2 A D F 3 4 5 A % 4 22,370 26.3 5 15,488 18.2 5 30 11,652 13.7 13 30 10,703 12.6 4 60 3,494 4.1 63,707 21,249 74.9 25.1 84,956 100.0 124
% 1 A D F 2 3 4 B 5 A 5 18,407 28.7 5 30 15,656 24.4 13 30 10,982 17.1 6 60 4,497 7.0 4 60 3,725 5.8 53,267 10,873 83.0 17.0 64,140 100.0 125
% 1 A D F 5 22,816 21.3 2 5 30 20,249 18.9 3 13 30 20,048 18.8 4 A 4 60 5,493 5.1 5 B 6 60 5,285 4.9 73,891 32,992 69.0 31.0 106,883 100.0 126
% 1 13 30 8,894 28.7 2 5 30 6,316 20.4 3 A D F 5 3,770 12.2 4 B 6 60 2,924 9.4 5 F 1 2,107 6.8 24,011 6,947 77.5 22.5 30,958 100 127
14A 10,703,0001,392,0006,091,000 4,648,000 12.6%2.2%5.7% 15.0% 14A 9,590,00013,957,0004,246,000 15.0%13.1% 13.7% 90% 128
11,652,000 15,656,000 20,249,000 6,316,000 13.7%24.4%18.9% 20.4% 2,229,000 84,590,000 81,994,000 2,344,000 3,733,000 87,399,0004,962,000 14A 14A 5% 129
39,540,00038,698,000 57,932,000 17,230,000 32.9% 41.6%9.6%13.0% 61.0%56.8%30.5% 55.6% % 1 4 7 12,997 32.9 2 B 4 7 7,014 17.7 3 C 3 7 2,020 5.1 4 D 6 7 1,152 2.9 5 E 3 7 936 2.4 24,119 15,421 61.0% 39.0% 39,540 100.0 130
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% 1 J 1 7 2,235 13.0 2 K 1 14 2,182 12.7 3 E 3 7 2,123 12.3 4 L 1 14 2,122 12.3 5 F 4 7 915 5.3 9,577 7,653 55.6 44.4 17,230 100 51% 49% 12,997,00016,101,000 5,578,000 5% 132
133
3,535,000 A D G 21 G HSEQ G 134
135
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1. 16 2. 712 26 3. 17.6 38.3 40.9 85 19 (a) (b) 20.6 14.6 18.1 5.9 1. 1,000,000 1,000,000 10 298 296 293 99 2. 138
2 10 139
40 40(1B) 40(1B) 200 40(1B) 200 140
(i) (ii) 100 123,000193,000 187,0001,000 Ipsos 541 1,064 18.4% 747 Ipsos Ipsos 9.8%Ipsos 141
80 2617 45,000.00 60,000.00 27 3306 28,560.00 7 26A 69,100.00 142
B. 2. (i) (ii) 143
106,200 91 4 4 6 6 6 12 13 11 9 11 5 6 5 9 8 3 3 3 3 4 3 3 5 5 6 12 12 16 15 17 5 5 6 7 8 2 2 4 4 7 19 16 28 29 4 65 64 84 87 91 144
(a) 84 33 51 3332 517,966.03 51 51 7,000,000 145
18 11 31 11 13 84 5 6 15 13 6 7 8 1 3 17 3 84 2 1 17 2 1 26 9 12 12 2 84 146
(b) 19 1. 2. 3. 4. 5. 6. 147
7. 8. Y Y 9. 10. 2.3 11. 12. 13. 14. 15. 16. 148
17. 18. 19. 200 (i)(ii) 149
E. 1. (i)(ii) (iii) 150
59Z 151
(i)(ii) (iii) (iv) (v) Antonio & Clayton CPA Limited Committee of Sponsoring Organizations of the Treadway Commission 152
153
Wang K M30% Wang K M Wang K M 51%24.5% 24.5% ( ) 1,080,000 609,000 131,000 (i) (ii) 154
(i) 84,650,000 (ii) 155
(i)(ii) (iii) Wang K M Wang K M 156
8.10 8.10 Wang K M 2412 10.0712 10.07 Wang K M 157
6 30 (i) 30% (ii) (i) (ii) 158
(iii) (iv) (v) (vi) 159
50%25%25% 27 3 306 28,560 300,000300,000 311,000114,000 342,720 257,040 160
5% 3,000,000 14A.76(1)(c) 14A 1. 161
10% 50% 30% 70% 754,0008,514,000 13,358,000 7,736,000 / 162
14A 13,000,00014,000,000 15,000,000 9,590,000 13,957,0004,246,000 (i)(ii) (iii) 6.5% 5% 14A 163
2. / 8,000,0008,000,000 8,000,000 164
10,703,000 1,392,0006,091,0004,648,000 35,0004,941,000 4,429,000 (i) (ii) (iii) 30% 0.1% 5% 14A 165
(a) 14A (b) 166
54 31 59 50 52 167
54 MT ConstructionMT EngineeringMT Technology 38 1 2 3 1. 291AA 291AA (a)(b) (c) 168
2. 291 291 3. 751 751 (a)(b) (c)(d) (e)(f) 31 59 169
684 Poly Youth Company Limited 1 1 2 Prominent Joy Company Limited 2 3 3 1. Poly Youth Company Limited291AA 291AA (a) (b) (c) 2. Prominent Joy Company Limited291 291 3. 751 751(a)(b) (c) (d)(e) (f) Poly Youth Company Limited Prominent Joy Company Limited 170
50 Hsin Chong-Taylor Woodrow Joint Venture No.1 511 LD Asia 171
1 1. 291AA 291AA (a)(b) (c) 52 24 1069 1159 172
8011 The World Enterprise (Holdings) Limited 1341 0601 907 1181 173
509 8182 3708 1 1 1 1 1 1. 291AA 291AA (a)(b) (c) 174
(i) XV(ii) (iii) 13.51(2) 49 56 56 41 49 175
535 LCD 259 738 Pacific Telecommunications & Information Limited American Dream Parks & Entertainment Company Limited 176
56 177
H. H. Robertson (Australia) Pty. Limited 56 36 54 41 25 178
34 8 1246 JC Group Holdings Limited 8326 Blooming (HK) Business Limited C.3.3 C.3.7 B.1.2 A.5.2 179
A.2.1 3A.19 3A.23 3A.24 (a) (b) (c) 180
(d) 13.10 3,187,000 3,970,0004,824,000 2,972,000 4,058,000 4,956,000 7,324,0001,582,000 15,00027,000 36,00012,000 C.3. 9,362,00010,487,00012,157,0004,388,000 10 181
485 17 D. 182
2,000,000,000 20,000,000 10,000 100 983,990,000 9,839,900 216,000,000 2,160,000 1,200,000,000 12,000,000 9,839,900 983,990,000 183
(a) 20% (b) (a) (b) (c) A. 3. 10% 184
A.6. (a) (b) (c) A. 3. A. 6. D. 185
XV23 10% 4 4 1 Wang K M2 9,000 90% 801,600,000 66.8% 2 9,000 90% 801,600,000 66.8% Chao Lai Heng 3 9,000 90% 801,600,000 66.8% 1. 2. Wang K M Wang K M 3. Chao Lai HengChao Lai Heng 4. A. XV23 10% 186
Ipsos 9.8% 740 22 114 10 5 488,397,000240,439,000 318,287,000 287,660,000 481,943,000 152,346,000 39,166,00034,270,000 49,791,00018,039,000 187
188
2.5%10% 43,834,000 25,004,000 3.3%2.8%2.5% 1.3% 189
(i)(ii) (iii) 89.1%90.3%91.3% 94.5% (i)(ii) (iii) (iv) 190
( 1) -66.6% -24.5% 24.5% 66.6% (56,581) (20,814) 20,814 56,581 (42,717) (15,714) 15,714 42,717 (71,184) (26,186) 26,186 71,184 (20,618) (7,585) 7,585 20,618 47,245 17,380 (17,380) (47,245) 35,669 13,121 (13,121) (35,669) 59,439 21,866 (21,866) (59,439) 17,216 6,333 (6,333) (17,216) ( 2) -79.6% -1.5% 1.5% 79.6% (83,378) (1,571) 1,571 83,378 (84,644) (1,595) 1,595 84,644 (151,999) (2,864) 2,864 151,999 (53,402) (1,006) 1,006 53,402 69,620 1,312 (1,312) (69,620) 70,678 1,332 (1,332) (70,678) 126,919 2,392 (2,392) (126,919) 44,591 840 (840) (44,591) 191
( 3) -49.7% -2.1% 2.1% 49.7% (19,651) (830) 830 19,651 (19,233) (813) 813 19,233 (28,792) (1,217) 1,217 28,792 (8,563) (362) 362 8,563 16,409 693 (693) (16,409) 16,059 679 (679) (16,059) 24,041 1,016 (1,016) (24,041) 7,150 302 (302) (7,150) 1. 66.6% 24.5% 2. 79.6%1.5% 3. 49.7%2.1% 192
193
194
318,287 100.0 287,660 100 481,943 100 145,435 100 152,346 100 (257,586) (80.9) (231,644) (80.5) (389,711) (80.9) (111,325) (76.5) (121,888) (80.0) 60,701 19.1 56,016 19.5 92.232 19.1 34,110 23.5 30,458 20.0 5,360 1.7 10,801 3.8 5,026 1.0 664 0.5 3,423 2.2 (17,397) (5.5) (25,622) (8.9) (33,126) (6.9) (9,787) (6.7) (11,490) (7.5) (1,545) (0.5) (1,108) (0.4) (2,134) (0.4) (682) (0.5) (1,070) (0.7) 47,119 14.8 40,087 14.0 61,998 12.8 24,305 16.8 21,321 14.0 (7,953) (2.5) (5,817) (2.0) (12,207) (2.5) (4,010) (2.8) (3,282) (2.2) 39,166 12.3 34,270 12.0 49,791 10.3 20,295 14.0 18,039 11.8 25 13 12 9 4 8 4 % % % % % 58,399 18.3 103,666 36.0 246,514 51.2 78,188 53.8 78,238 51.4 259,888 81.7 183,994 64.0 235,429 48.8 67,247 46.2 74,108 48.6 318,287 100.0 287,660 100.0 481,943 100.0 145,435 100.0 152,346 100.0 195
% % % % % 264,180 83.0 190,317 66.2 244,709 50.8 67,247 46.2 93,986 61.7 54,107 17.0 97,343 33.8 237,234 49.2 78,188 53.8 58,360 38.3 318,287 100.0 287,660 100.0 481,943 100.0 145,435 100.0 152,346 100.0 196
% 1 15,334 60,606 65,311 17,769 97.9 2 10,224 33,478 642 96.4 3 11,037 98,688 6,059 91.0 4 21,547 4,458 100 5 5,104 16,375 93.9 6 4,386 5,876 39.5 7 4,894 14,002 4.8 8 9,956 12,297 100 9 24,991 5,455 100 10 4,292 5,993 100 11 13,782 8,584 100 12 918 630 100 13 1,762 100 14 758 99.3 15 330 100 16 519 100 17 760 0.9 58,399 103,666 246,514 78,238 197
% 1 116,204 21,626 100 2 1,554 28,768 25,319 69.4 3 88 7,353 34,946 25,701 28.8 4 141,023 152,826 167,629 15,950 93.5 5 3,322 7,138 57.8 6 613 194 100 7 1,960 100 8 441 764 100 259,888 183,994 235,429 74,108 % % % % % 84,956 33.0 64,140 27.7 106,883 27.4 41,511 37.3 30,958 25.4 104,746 40.7 106,337 45.9 190,953 49.0 49,835 44.8 67,088 55.0 39,540 15.4 38,698 16.7 57,932 14.9 11,799 10.6 17,230 14.1 28,344 10.9 22,469 9.7 33,943 8.7 8,180 7.3 6,612 5.5 257,586 100.0 231,644 100.0 389,711 100.0 111,325 100.0 121,888 100.0 198
% % % % % 3,722 6.4 7,381 7.1 39,466 16.0 14,713 18.8 19,343 24.7 56,979 21.9 48,635 26.4 52,766 22.4 19,397 28.8 11,115 15.0 60,701 19.1 56,016 19.5 92,232 19.1 34,110 23.5 30,458 20.0 199
% % % % % 57,412 21.7 50,305 26.4 54,075 22.1 19,397 28.8 15,290 16.3 3,289 6.1 5,711 5.9 38,157 16.1 14,713 18.8 15,168 26.0 60,701 19.1 56,016 19.5 92,232 19.1 34,110 23.5 30,458 20.0 (i)(ii) (iii) 6.4%7.1% 16.0% 24.7% 21.9% 26.4%22.4% 15.0% 26.4% 22.4% 200
(i)(ii) (iii) 201
128 115 113 37 37 4,393 7,836 2,731 478 695 61 20 215 778 2,722 2,816 586 2,469 5,360 10,693 5,660 1,101 3,416 1 108 46 10 (681) (437) (3) 5,360 108 (634) (437) 7 5,360 10,801 5,026 664 3,423 202
8,924 15,669 15,124 6,784 5,996 1,077 1,926 1,697 581 674 1,659 2,718 3,939 844 254 3,970 1,795 758 880 1,037 318 679 837 794 2,534 564 92 4,142 3,635 4,825 696 2,000 17,397 25,622 33,126 9,787 11,490 1,511 1,040 2,072 663 1,049 34 68 62 19 21 1,545 1,108 2,134 682 1,070 203
16.5% 16.9%14.5%19.7% 15.4% 145,435,000 6,911,0004.8% 152,346,000 (i) 55,687,000 (ii) 111,325,000 10,563,0009.5%121,888,000 204
34,110,000 3,652,00010.7% 30,458,000 23.5%20.0% 7,842,000 15,151,000 664,000 2,759,000 415.5% 3,423,000(i) 1,140,000(ii) 434,000 9,787,000 1,703,000 17.4% 11,490,000(i) 1,795,000(ii) 1,344,000 682,000 388,00056.9%1,070,000 36,000,000 205
4,010,000 728,000 18.2% 3,282,000 24,035,000 21,321,000 20,295,000 2,256,000 11.1% 18,039,000 14.0%11.8% 287,660,000 194,283,00067.5% 481,943,000 596,534,000 150,417,000 231,644,000 158,067,00068.2% 389,711,000 206
56,016,00036,216,000 64.7%92,232,000 19.5% 19.1% 10,801,0005,775,000 53.5% 5,026,000(i)5,105,000 (ii) 681,000 25,622,000 7,504,000 29.3% 33,126,000(i) 3,970,000 (ii) 1,740,000 1,108,000 1,026,00092.6%2,134,000 5,817,000 6,390,000109.9%12,207,000 40,087,000 61,998,000 207
34,270,000 15,521,000 45.3% 49,791,000 12.0% 10.3% 318,287,000 30,627,0009.6%287,660,000 107,921,000 21,626,000 116,204,000 257,586,000 25,942,00010.1%231,644,000 60,701,0004,685,000 7.7% 56,016,000 19.1% 19.5% 5,360,000 5,441,000 101.5% 10,801,000(i) 208
3,443,000 (ii)1,944,000 17,397,000 8,225,000 47.3% 25,622,000 6,745,000 1,545,000437,000 28.3% 1,108,000 7,953,000 2,136,00026.9% 5,817,000 47,119,000 40,087,000 16.9% 14.5% 39,166,000 4,896,000 12.5% 34,270,000 12.3% 12.0% 209
46,159 (24,703) (15,853) 5,008 30,425 (2,439) (1,512) (592) (192) (1,982) (6,135) 5,676 20,078 13,891 (5,736) 37,585 (20,539) 3,633 18,707 22,707 364 37,949 17,410 17,410 21,043 37,949 17,410 21,043 36,117 43,750 210
30,425,000 23,053,000 9,806,000 940,0001,494,000 (i) 12,186,000(ii) 31,517,000(iii)10,219,000iv 40,192,000 15,853,00066,457,000 72,724,0002,134,0007,452,000 (i) 20,410,000(ii) 43,466,000(iii) 29,028,000(iv) 16,935,000 24,703,00043,149,000 60,320,0001,108,0006,424,000 (i) 21,599,000 (ii) 28,070,000(iii) 17,023,000 46,159,00052,204,000 3,399,000 1,545,0001,101,000 (i) 20,336,000(ii)23,333,000 (iii) 16,771,000(iv) 22,999,000 211
1,982,000 592,000 624,000 1,512,000 1,662,000 2,439,000 2,439,000 5,736,0005,500,000 236,000 20,078,00023,858,000 840,000 5,676,0006,738,000 1,062,000 212
6,135,0005,740,000 395,000 42,343 41,842 62,252 74,438 125,710 5,318 26,917 28,632 60,149 59,769 23,333 51,403 94,869 84,650 85,031 20,127 17,152 46,180 5,988 6,525 37,949 17,410 21,043 43,750 26,512 129,070 154,724 252,976 268,975 303,547 48,362 48,911 57,384 66,421 66,653 200 182 182 22,999 5,976 22,911 17,103 33,866 7,785 10,132 6,619 6,618 6,618 10,904 17,642 41,500 36,000 31,594 376 781 572 514 533 6,848 6,241 10,996 12,784 16,532 97,274 89,683 140,182 139,622 155,978 31,796 65,041 112,794 129,353 147,569 213
31,796,00065,041,000 (i) 21,599,000(ii) 28,070,000 (iii)17,023,000 65,041,000112,794,000 (i) 20,410,000(ii) 43,466,000 (iii)29,028,000 (iv)16,935,000(v)23,858,000 112,794,000 129,353,000 1,245,000 (i)12,186,000(ii) 31,517,000(iii)22,707,000 (iv) 40,192,000 147,569,000 (i)51,272,000 (ii) 17,238,000(iii) 16,763,000 214
(i)(ii)(iii) 26,095 20,785 32,931 43,834 14,169 16,643 24,227 25,004 2,079 4,414 5,094 5,600 42,343 41,842 62,252 74,438 26,095,000 5,310,00020,785,000 20,785,000 12,146,00032,931,000 43,834,000 215
756 030 21,368 16,677 24,044 22,753 3160 3,994 4,108 8,104 11,545 6190 509 9,536 91180 180 733 274 26,095 20,785 32,931 43,834 16,799 12,233 14,550 15,492 38,196 34,337 48,775 56,496 216
130 12,344 4,108 9,755 19,645 3160 225 1,191 3,867 6190 91180 180 733 274 13,302 4,108 11,220 23,512 26 30 21 31 26302131 217
2.5% 10% 14,169,000 16,643,000 16,643,000 24,227,00025,004,000 1,516 1,113 14,169 16,643 22,711 23,891 14,169 16,643 24,227 25,004 218
213 391 311 395 5% 213391 311395 1,089,0004.4 2,079,0004,414,000 219
5,094,000 5,600,000 (i) (ii) 220
418,065 736,982 1,139,714 1,154,186 (435,746) (716,041) (1,133,993) (1,111,140) (17,681) 20,941 5,721 43,046 5,318 26,917 28,632 60,149 (22,999) (5,976) (22,911) (17,103) (17,681) 20,941 5,721 43,046 (i) (ii) 4,551,000 4,185,00010,098,000 221
20,665 17,690 46,718 23,333 51,403 94,869 84,650 5,438 1,952 1,752 1,582 6 7,606 9,151 39,909 1,375 113 4,285 4,346 4,406 4,406 1,417 1,703 20,127 17,152 46,180 5,988 4,258 4,258 4,258 4,258 1,039 1,027 776 776 Kingly Investments Limited 2,488 1,958 1,585 1,584 1,504 1,385 7,785 10,132 6,619 6,618 222
7,606,0009,151,000 39,909,000 Wang K M (i)(ii) (iii) 2,778 5,982 6,718 9,627 10,990 9,060 13,197 16,247 13,768 15,042 19,915 25,874 30,217 29,032 28,866 35,495 4,377 4,837 8,603 5,052 48,362 48,911 57,384 66,421 7 60 223
13,768,00015,042,000 19,915,000 25,874,000 030 1,887 2,960 4,227 4,875 3160 727 1,715 1,686 4,400 6190 68 1,116 805 352 91180 76 47 180 20 144 2,778 5,982 6,718 9,627 19 23 17 23 224
(i)(ii) (iii) 30,217,00029,032,00028,866,000 35,495,000 4,377,000 4,837,0008,603,000 5,052,000 472,000 402,000 10,000,000 9,200,000 39 (i)(ii)(iii) (iv)(v)(vi) 225
2,661,000 4,400,0003,796,0005,041,000 13 1,033,000 500,000 500,000 3% 3,703,0003,710,000 3.717,000 3,722,000 29 (I) 226
35,000 4,941,000 4,429,000 0%0.1%4.6% 14.3% 14A 4,240,000274,000 10,703,000 1,357,000 1,150,000 219,000 (II) 8,042,00013,057,0003,643,000 12.5%12.2% 11.8% 14A 227
1,548,000 900,000 603,000 (III) 90% 11,652,00015,656,00020,249,000 13.7%24.4% 18.9% 2,229,000 (IV) 51% 49% 12,997,00016,101,000 5,578,000 18 228
29 (i) (ii) (iii) (iv) (v) iii 53.8% 31.7% 4.4%18.5% 11.6% 229
7,785 10,132 6,619 6,618 6,618 10,904 17,642 41,500 36,000 31,594 376 1,502 1,326 1,090 918 19,065 29,276 49,445 43,708 39,130 10,904 17,642 41,500 36,000 31,594 10,904 17,642 41,500 36,000 31,594 10,365,000 230
6.3%6.7%6.7%7.2% 7.0% 22 (i) (ii) 5 5 231
376 781 572 514 533 449 401 268 134 272 353 308 251 376 1,502 1,326 1,090 918 5.6%3.5%3.8%3.8% 3.8% 12,000,000 232
1,813 1 2 111 1,320 1,172 987 597 111 2,307 1,769 2,439 3,850 1,288 1,919 233
2,439,0003,850,0001,288,000 1,919,000 (1) 1.3 1.7 1.8 1.9 (2) 1.3 1.7 1.8 1.9 (3) 50.0% 40.4% 41.5% 31.8% (4)(8) 16.4% 23.8% (5) 102.6% 47.3% 41.7% 39.4% (9) (6) 28.9% 21.0% 19.1% 19.5% (9) (7) 31.5 37.2 30.1 20.9 (1) (2) (3) 100% (4) 100% (5) 100% (6) 100% (7) (8) (9) 234
1.31.71.8 1.9 1.31.7 1.81.9 50.0%40.4%41.5% 31.8% 89.8% 64.7% 15.1% 16.4%23.8% 102.6%47.3%41.7% 28.9% 21.0%20.2% 21.0% 19.1% 45.3%60.0% 235
31.5 37.2 37.2 30.1 30.1 20.9 12 32 236
32 90.2%82.1%78.4% 75.9% 39.7%29.2%23.4% 20.8% 237
2,950,000 128115.2 12.8 0.6 30,185,000 8,452,000 21,733,000 8,618,000 238
13,115,000 13,115,0003,970,0001,795,000 7,350,000 C 15 728,836,000 365,996,000362,840,000 317,270,000 833,512,000 158,534,000 536,847,000138,131,000 128 239
1 2 3 0.53 137,320 99,192 236,512 0.197 0.67 137,320 128,071 265,391 0.221 1 137,320,000 2 0.530.67 216,000,000 5,765,000 3 2 1,200,000,000 4 128 128 240
0.090 0.114 0.530.671,200,000,000 13 13.13 13.19 241
0.6 107.9 30.0 27.8% 386.2 401,812,000 18.3% (i) 10 (ii) 20 44 30% 242
317,270,000 45.0 41.7%12 4,000 42 3 4,000 2,657 (i) (ii) (iii) 3.7% 4.3%(i) 900,000 4550 4,000 1,248,000(ii) 748,000475,000 (iii) (iv) 243
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14.4 14.4 0.6 41.9 85,031,000 128115.212.8 Wang K M 12.8 13,712,000 (i) 245
85,031,000 (ii) (iii) (iv) (i) (ii) (iii) (iv) 246
247
30,000,0003,000,000 (i) (ii) (a) (i) 248
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(iv) (i)(ii) (iii) (b) 30% (c) (i) (ii) 255
256
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GALA Certified Public Accountants 3.340 A 1 A 1 2410 I-3
I-4
72,574 A. 5 318,287 287,660 481,943 145,435 152,346 (257,586) (231,644) (389,711) (111,325) (121,888) 60,701 56,016 92,232 34,110 30,458 6 5,360 10,801 5,026 664 3,423 (17,397) (25,622) (33,126) (9,787) (11,490) 7 (1,545) (1,108) (2,134) (682) (1,070) 8 47,119 40,087 61,998 24,305 21,321 9 (7,953) (5,817) (12,207) (4,010) (3,282) 39,166 34,270 49,791 20,295 18,039 12 3.98 3.48 5.06 2.06 1.83 11 I-5
134,787 13 2,661 4,400 3,796 5,041 14 3,703 3,710 3,717 3,722 6,364 8,110 7,513 8,763 15 42,343 41,842 62,252 74,438 16 5,318 26,917 28,632 60,149 17 23,333 51,403 94,869 84,650 18 20,127 17,152 46,180 5,988 19 37,949 17,410 21,043 43,750 129,070 154,724 252,976 268,975 135,434 162,834 260,489 277,738 20 48,362 48,911 57,384 66,421 21 200 182 16 22,999 5,976 22,911 17,103 18 7,785 10,132 6,619 6,618 22 10,904 17,642 41,500 36,000 23 376 781 572 514 6,848 6,241 10,996 12,784 97,274 89,683 140,182 139,622 31,796 65,041 112,794 129,353 38,160 73,151 120,307 138,116 I-6
21 272 220 23 721 754 576 721 1,026 796 38,160 72,430 119,281 137,320 24 1,010 1,010 1,020 25 37,150 71,420 118,261 137,320 38,160 72,430 119,281 137,320 I-7
26 129,214 129,214 24 25 129,214 129,214 I-8
24 25 1,010 (2,016) (1,006) 39,166 39,166 1,010 37,150 38,160 34,270 34,270 1,010 71,420 72,430 49,791 49,791 11 (2,950) (2,950) 10 10 1,020 118,261 119,281 18,039 18,039 (1,020) 1,020 1,020 136,300 137,320 1,010 71,420 72,430 20,295 20,295 10 10 1,020 91,715 92,735 I-9
47,119 40,087 61,998 24,305 21,321 : 3,560 2,069 1,697 581 674 108 108 106 33 32 681 437 3 (108) (46) (10) 1,545 1,108 2,134 682 1,070 (128) (115) (113) (37) (37) 52,204 43,149 66,457 26,001 23,053 20,336 501 (20,410) (2,472) (12,186) (4,585) (21,599) (1,715) (1,925) (31,517) (23,333) (28,070) (43,466) (24,518) 10,219 (16,771) 2,975 (29,028) (7,063) 40,192 (6,838) 549 8,473 8,870 8,907 22,999 (17,023) 16,935 143 (5,808) (2,992) 7,785 2,347 (3,513) 7,659 (1) 48,805 (17,171) (6,267) 6,695 32,859 (1,545) (1,108) (2,134) (682) (940) (1,101) (6,424) (7,452) (1,005) (1,494) 46,159 (24,703) (15,853) 5,008 30,425 I-10
(209) (45) (73) 150 241 10 (2,439) (1,662) (624) (147) (1,919) (2,439) (1,512) (592) (192) (1,982) (2,950) 10 10 20,396 32,550 84,414 26,657 32,197 (26,136) (25,812) (60,556) (12,492) (37,697) (395) (1,062) (840) (284) (236) (6,135) 5,676 20,078 13,891 (5,736) 37,585 (20,539) 3,633 18,707 22,707 364 37,949 17,410 17,410 21,043 19 37,949 17,410 21,043 36,117 43,750 I-11
1. Wang K M Limited 5 2. 9 2 15 2 16 3 2 2 10 28 4 15 15 2 7 1 12 1 1 I-12
2 3 4 9 9 39 9 39 9 99 15 15 15 1811 15 1 2 3 4 5 15 11 11 11 15 15 16 16 16 I-13
28(b) 1,769,000 16 3. 4 2 17 2 36 I-14
I-15
I-16
I-17
I-18
I-19
39 I-20
(i)3 (ii) (iii) I-21
39 37 I-22
(a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) I-23
(vii) (a)(i) (viii) 4. 3 I-24
5. 3 10% A 141,023 154,380 196,397 58,251 41,269 B 1 1 132,712 40,352 22,814 C 116,204 1 1 1 1 D 1 70,829 98,789 37,768 18,411 E 38,766 1 1 1 1 F 1 1 34,946 1 25,701 G 1 1 1 1 23,513 1 10% I-25
6. 128 115 113 37 37 4,393 7,836 2,731 478 695 61 20 215 778 2,722 2,816 586 2,469 5,360 10,693 5,660 1,101 3,416 1 108 46 10 (681) (437) (3) 5,360 108 (634) (437) 7 5,360 10,801 5,026 664 3,423 7. 1,511 1,040 2,072 663 1,049 34 68 62 19 21 1,545 1,108 2,134 682 1,070 I-26
8. (i) 111,973 151,160 219,133 63,317 99,754 4,027 2,387 2,078 3,638 5,175 7,473 2,229 3,283 10 119,638 158,722 228,684 65,546 103,037 108 108 106 33 32 65 71 110 37 37 (ii) 3,560 2,069 1,697 581 674 3,970 1,795 3 2 713 864 1,018 310 631 11,495 9,271 15,984 3,784 4,135 (i) (ii) 110,714,000 143,053,000213,560,00058,762,000 97,041,000 8,924,00015,669,000 15,124,0006,784,000 5,996,000 2,483,000143,000 1,077,0001,926,000 1,697,000581,000 674,000 I-27
(10) (40) (40) 9. 7,953 5,817 12,207 4,010 3,282 7,953 5,817 12,207 4,010 3,282 16.5% 47,119 40,087 61,998 24,305 21,321 16.5% 7,775 6,614 10,230 4,010 3,518 (552) (574) (391) (138) (301) (18) (8) (2) 587 351 940 97 408 153 1,456 41 26 (516) (367) (10) (40) (20) 7,953 5,817 12,207 4,010 3,282 3,129,0008,672,000 6,450,000 I-28
10. (a) (i) 3,172 15 3,187 (i) 3,722 18 3,740 (ii) 221 9 230 3,943 27 3,970 (i) 4,350 18 4,368 (ii) 438 18 456 4,788 36 4,824 (i) 1,000 6 1,006 (ii) 120 6 126 1,120 12 1,132 I-29
(i) 2,800 6 2,806 (ii) 160 6 166 2,960 12 2,972 (i) (ii) (b) 1 4 5,631 5,477 6,371 1,183 1,558 493 1,218 1,350 51 52 68 24 24 6,175 6,747 7,789 1,207 1,582 I-30
1,000,000 1 4 4 1,000,001 1,500,000 1 2 1 1,500,001 2,000,000 3 1 2,000,001 2,500,000 1 2,500,001 3,000,000 1 3,000,001 3,500,000 1 4 4 4 4 4 11. 2,950,000 12. (i) (ii)984,000,000984,000,000 10,000983,990,000 I-31
13. 32,255 5,954 619 1,291 593 1,189 41,901 814 498 936 191 2,439 32,255 5,954 1,433 1,789 1,529 1,380 44,340 545 134 259 2,912 3,850 (256) (256) 32,255 5,954 1,978 1,923 1,788 4,036 47,934 143 187 313 645 1,288 (5,954) (619) (1,048) (591) (778) (8,990) 32,255 1,502 1,062 1,510 3,903 40,232 64 8 1,847 1,919 (155) (155) 32,255 1,502 1,126 1,518 5,595 41,996 29,749 5,834 568 1,025 495 448 38,119 2,423 60 230 235 284 328 3,560 32,172 5,894 798 1,260 779 776 41,679 83 60 365 196 346 1,019 2,069 (214) (214) 32,255 5,954 1,163 1,456 1,125 1,581 43,534 340 175 323 859 1,697 (5,954) (619) (1,048) (591) (583) (8,795) 32,255 884 583 857 1,857 36,436 123 71 122 358 674 (155) (155) 32,255 1,007 654 979 2,060 36,955 83 60 635 529 750 604 2,661 815 467 663 2,455 4,400 618 479 653 2,046 3,796 495 472 539 3,535 5,041 I-32
50% 25% 25% 20% 25% 25% 470,000 1,874,000 1,676,000 1,438,000 14. 1,033,0008,021,000 500,0003,883,000 500,000 3,883,000 3% 15. 26,095 20,785 32,931 43,834 14,169 16,643 24,227 25,004 2,079 4,414 5,094 5,600 42,343 41,842 62,252 74,438 756 3,191,000 4,141,000 I-33
0 30 21,368 16,677 24,044 22,753 31 60 3,994 4,108 8,104 11,545 61 90 509 9,536 91 180 180 733 274 26,095 20,785 32,931 43,834 1 30 12,344 4,108 9,755 19,645 31 60 225 1,191 3,867 61 90 91 180 180 733 274 13,302 4,108 11,220 23,512 14,169,00016,643,00022,711,00023,891,000 I-34
16. 418,065 736,982 1,139,714 1,154,186 (435,746) (716,041) (1,133,993) (1,111,140) (17,681) 20,941 5,721 43,046 5,318 26,917 28,632 60,149 (22,999) (5,976) (22,911) (17,103) (17,681) 20,941 5,721 43,046 15 14,169,00016,643,000 24,227,000 25,004,000 17. 23,333 51,403 94,869 84,650 44,420 66,885 110,448 96,584 I-35
18. (i) 5,438 1,952 1,752 1,582 (ii) 6 (iii) 7,606 9,151 39,909 (iv) 1,375 113 (vi) 4,285 4,346 4,406 4,406 (vii) 1,417 1,703 20,127 17,152 46,180 5,988 5,612 5,642 2,570 1,752 6 6 15,287 9,757 39,909 39,909 2,343 1,375 4,375 113 4,285 4,346 4,406 4,406 1,965 1,703 1,703 (ix) 4,258 4,258 4,258 4,258 (v) 1,039 1,027 776 776 Kingly Investment Limited (viii) 2,488 1,958 1,585 1,584 1,504 1,385 7,785 10,132 6,619 6,618 I-36
(i) (ii) (iii) (iv) (v) (vi) (vii) (viii) Kingly Investments Limited (ix) 19. 20. 2,778 5,982 6,718 9,627 10,990 9,060 13,197 16,247 30,217 29,032 28,866 35,495 4,377 4,837 8,603 5,052 48,362 48,911 57,384 66,421 7 60 687,000495,000952,000 2,823,0001,069,0002,100,00 I-37
0 30 1,887 2,960 4,227 4,875 31 60 727 1,715 1,686 4,400 61 90 68 1,116 805 352 91 180 76 47 180 20 144 2,778 5,982 6,718 9,627 61 122 48 120 120 120 122 21. 472 402 200 182 272 220 472 402 10,000,000 9,200,000 22. 10,904 17,642 41,500 36,000 (i) (ii) 2.24% 7.50% I-38
(iii) 23. Kingly Investments Limited 19,000,000 1,033,000 2 3 1 4 2 5 4 5 1 1 3 1 5 1 4 2.25% 5.5%1.80% 2%2% 2.5% 1.8% 2.5% I-39
384 827 619 552 470 425 287 276 374 323 384 1,573 1,418 1,162 (8) (71) (92) (72) 376 1,502 1,326 1,090 376 781 572 514 449 401 268 272 353 308 376 1,502 1,326 1,090 24. 380,00038,000,0000.01 Wang K M Limited 9,999Wang K M Limited 10010,0000.01 25. I-40
129,214 129,214 26. 129,214 MT Construction 1 100% MT Engineering 1 100% MT Technology 1 100% 1,000,000 100% 10,000 100% 10,000 100% I-41
27. 1,250 1,500 5% 3,638,000 5,175,000 7,473,000 2,229,000 3,283,000 28. (a) 1,813 (b) 111 1,320 1,172 987 597 111 2,307 1,769 29. 1 2 (i) 151718 20 I-42
(ii) (iv) (v) (i) (iii) (ii) 11,652 15,656 20,249 12,144 2,229 12,997 16,101 5,578 2,313 150 300 300 311 100 114 35 4,941 4,429 4,240 274 274 10,703 1,357 1,150 582 219 8,042 13,057 1,963 3,643 1,548 900 269 603 (i) (ii) (iii) (iv) (v) I-43
(vi) (iii) (iv) 7,209 8,865 12,043 2,303 4,518 36 61 105 36 36 7,245 8,926 12,148 2,339 4,554 30. (i)(ii) 31. I-44
(i) 11,280 19,144 42,826 37,090 (ii) (37,949) (17,410) (21,043) (43,750) (26,669) 1,734 21,783 (6,660) (iii) 38,160 72,430 119,281 137,320 2% 18% (i) (ii) 22 23 19 (iii) 32. (a) 127,263 131,107 225,968 210,159 67,427 78,187 106,829 110,129 472 402 (b) I-45
(i) (ii) 22 100 100 135,000 137,000 406,000 133,000 100 (iii) I-46
3,510,000 24,440,00011,303,000 8,253,000 48,362 48,362 48,362 7,785 7,785 7,785 6.3% 10,904 10,904 10,904 5.6% 384 384 376 67,435 67,435 67,427 I-47
48,911 48,911 48,911 10,132 10,132 10,132 6.7% 17,642 17,642 17,642 3.5% 827 746 1,573 1,502 77,512 746 78,258 78,187 57,384 57,384 57,384 6,619 6,619 6,619 6.7% 41,500 41,500 41,500 3.8% 619 799 1,418 1,326 106,122 799 106,921 106,829 66,421 66,421 66,421 6,618 6,618 6,618 7.2% 36,000 36,000 36,000 3.8% 552 610 1,162 1,090 109,591 610 110,201 110,129 I-48
6.3% 3,473 5,957 2,885 12,315 10,904 6.7% 8,084 7,063 4,159 19,306 17,642 6.7% 27,858 12,562 3,029 43,449 41,500 7.2% 23,447 11,642 2,726 37,815 36,000 200 272 472 472 182 220 402 402 I-49
(c) 1 2 3 472 472 402 402 3 1 2 3 I-50
B. 9,086,000 C. (i) D. (ii) 1,962,000,0000.01 380,00020,000,000 (iii) 128 D. P05746 I-51
A. 4.29 1 2 3 0.53 137,320 99,192 236,512 0.197 0.67 137,320 128,071 265,391 0.221 1 137,320,000 II-1
2 0.530.67 216,000,000 5,765,000 3 2 1,200,000,000 4 128 128 0.090 0.114 0.530.671,200,000,000 II-2
B. 11 31 A A 4.29 7 II-3
1 4.29(7) 3420 4.29 7 II-4
(a) (b) (c) 4.29(1) P05746 II-5
1. (a) (b) 2. (a) (i) (ii) III-1
(iii) (a) (b) (c) (d) (e) (f) (g)(h) (iv) III-2
30 (v) (vi) III-3
(vii) 20% 20% 14 14 20% III-4
(b) (i) III-5
(aa) (bb) (cc) (dd) (ee) (ff) (gg) (hh) (ii) III-6
(iii) (iv) III-7
(v) III-8
(vi) (vii) (viii) III-9
(aa) (bb) (cc) (dd) (i) (ii) III-10
(ee) (ix) (c) (d) (i) 15 III-11
(ii) (a) (b) (A) (B) (C) III-12
(iii) 15 (iv) 21 14 (i) (ii) 95% III-13
(v) (vi) III-14
(e) 21 21 21 III-15
(f) (i) (ii) (iii) (aa) (bb) III-16
20% (g) (h) 3(f) III-17
(i) (i) (ii) (j) III-18
3. (a) (b) (i) (ii) (iii) 37 (iv) (v) III-19
(c) (d) 37A(1) III-20
(e) (f) Foss v. Harbottle (g) III-21
(h) (i) (ii) (iii) (i) (j) 6 (i) (ii) (aa) (bb) 6(3) III-22
(k) (l) (m) (n) (o) 60 III-23
(p) (i)(ii)(iii) (i) (ii) III-24
(q) 75% (r) 90% (s) III-25
4. III-26
A. 1. 16 726A 3041 4124 2. (a) 380,00038,000,000 0.01 Wang K M (b) MT ConstructionMT Engineering MT Technology 9,999 Wang K M (c) Wang K MMT ConstructionMT Engineering MT Technology Wang K M 10,000 (d) 1,962,000,000 380,000 20,000,000 (e) 1,200,000,000 800,000,000 IV-1
(f) 3. (g) 3. (a) (b) (c) 30 (i) (ii) D. (iii) 9,839,900 983,990,000 IV-2
(d) 20% (i) (ii) (iii) (e) 10% IV-3
(i) (ii) (iii) (f) (d) (d) 10% 4. 5. 4. 6. IV-4
(a) (i) 10% (ii) IV-5
(iii) (b) (c) 1,200,000,000 120,000,000 (d) (e) IV-6
26 25% B. 1. (a) MT Construction Limited l,000,000wang K M Limited 3,333 (b) MT Engineering Limited 10,000Wang K M Limited 3,333 (c) MT Technology Limited 10,000Wang K M Limited 3,333 IV-7
(d) (i) Wang K M Limited(ii)(iii) MT Engineering Limited(iv) MT Construction Limited(v) MT Technology Limited (vi) MT Construction LimitedMT Engineering Limited MT Technology Limited (e) (i)(ii)(iii) Wang K M Limited (iv) 20,000,000 5% (f) (i) K C Limited(ii)(iii)Wang K M Limited(iv) 20,000,000 5% (g) Wang K M Limited (h) Wang K M Limited E. 1. (i) IV-8
2. (a) 1 37 303666763 2 6193742 303666736 3 37 303666718 4 6193742 303783655 (b) www.ming-tai.com.hk www.royal-deluxe.com (c) 1. 2. 3. HK1203295 HK1206916 HK1206917 IV-9
4. HK1206918 5. HK1206919 6. HK1206920 7. HK1206921 8. HK1206922 9. HK1206923 10. ZL 2015 2 0595190.6 11. ZL 2015 2 0595208.2 12. ZL 2015 2 0408849.2 13. ZL 2015 2 0595564.4 14. ZL 2015 2 0595664.7 15. ZL 2015 2 0595640.1 16. ZL 2015 2 0595510.8 17. ZL 2015 2 0595671.7 18. ZL 2015 2 0595210.X 19. ZL 2016 2 0502714.7 1 IV-10
C. 1. (a) XV XV78 352 1 2 801,600,000 66.8% (1) (2) Wang K M Wang K M Wang K M (b) XV23 IV-11
10% 1 Wang K M 801,600,000 66.8% Chao Lai Heng 801,600,000 66.8% 2 (1) (2) Chao Lai Heng Chao Lai Heng 2. 3. (a) 3,187,000 3,970,000 4,824,000 2,972,000 (b) 9,086,000 IV-12
(c) 8,400,000 960,000 180,000 180,000 180,000 (d) 4. 7. 5. 29 6. (a) (b) 7. IV-13
(c) 7. (d) XV23 10% (e) XV78 352 (f) 5% IV-14
D. 1. 2. (a) (b) (c) IV-15
(c) (i) (ii) (iii) (d) 1 (e) (i) (ii) (iii) 10% 120,000,000 120,000,000 (ii) 10% 10%10% IV-16
(iii) 10% 10% (iv) 30% 30% (f) 12 1% (g) i. ii. 12 IV-17
(a) 0.1% (b) 5 (h) (i) (a) (b) (ii) (i) (a) 60 IV-18
(b) 30 (i) (j) (k) (l) (m) (n) 12 12(q)(r)(s) IV-19
(n) (o) (n) (p) IV-20
(q) (r) (s) IV-21
(t) (i) (i) (ii) (l) (iii) (m)(o)(q)(r) (s) (iv) (r) (v) (vi) (vii) (s) IV-22
(u) (v) (w) (i) 17.03 (ii) (iii) (x) (y) IV-23
3. E. 1. 1.B. 1. (a) (i) (ii) (b) (a) (b) (c) IV-24
2. 3. 3A.07 5.5 4. 33,540 5. IV-25
6. 1 6 Ipsos Limited Antonio & Clayton CPA Limited 7. Ipsos LimitedAntonio & Clayton CPA Limited 8. 44A 44B 9. (a) (b) IV-26
(c) 10. Estera Trust (Cayman) Limited. 11. 12. Wang K M Wang K M Limited P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands 84,000,000 IV-27
13. (a) (i) (ii) (iii) (iv) (b) (c) 7. (d) (e) 12 (f) (g) IV-28
(h) (i) 14. 4 IV-29
(a) (b) B. 1. (c) E.7. (d) 14 30 41 4124 (a) (b) (c) (d) (e) (f) B. 1. V-1
(g) E.7. (h) C. 3. (i) (j) (k) (l) Ipsos Limited V-2
ROYAL DELUXE HOLDINGS LIMITED