Grace Wine Holdings Limited GEM 200,000,000 20,000, ,000, % %0.005% C S

Grace Wine Holdings Limited GEM 200,000,000 20,000,000 180,000,000 0.40 0.30 1% 0.0027%0.005% 0.001 8146 32 342C S

GEM GEM GEM GEM GEM GEM i

(1) www.hkeipo.hk (2)................ (3)........... (4)................................................... (3)........... (5)................................ www.gracewine.com.hk www.hkexnews.hk......... 11................ www.tricor.com.hk/ipo/result.................................... (5)(6)(7) ii

(1) (5)(7)................. (7)(8)............................................. 1. 2. www.hkeipo.hk 3. 10. 4. 6. 5. 6. iii

(1) 7. 1,000,000 1,000,000 14. 8. www.gracewine.com.hkwww.hkexnews.hk iv

www.gracewine.com.hk GEM................................................................................................................................................................................. i ii v.............................................................. 1.............................................................. 18........................................................... 30......................................................... 32........................................................... 34..................................... 59........................................... 63........................................................... 66........................................................... 68......................................................... 82............................................... 92 v

.............................................................. 108................................................... 185........................................................... 192................................................... 195........................................................... 209.............................................................. 210........................................................... 213............................................. 261.............................................................. 272............................................... 283............................................... 290.............................................. I-1.................................... II-1................................................ III-1....................... IV-1.......................................... V-1............................. VI-1 vi

59.7% 14.9% 0.1%16 (1) 750 199 598 (2)750 125 (1) (2) La Revue du Vin de France 1

(2) (2) (2) % % %................................... 22,098 32.3 827 26.7 23,074 43.2 852 27.1 24,687 35.1 863 28.6................................... 44,881 65.6 403 111.5 29,559 55.4 231 128.0 44,256 62.9 311 142.3 (1)........................................... 1,457 2.1 37 39.7 734 1.4 8 88.6 1,441 2.0 28 50.7 68,436 100.0 1,267 54.0 53,367 100.0 1,091 48.9 70,384 100.0 1,202 58.5 (1) (2) 480,488.53 731,333.33 61.5% 100% 71.2% 40.6% 22.7% 2

38.5% 28.8% 59.4% 27.2% 27.4% 25.0% 48.1% 45.5% 59.0% 16 18 29,064.27 125 95.2% 80.6% 75.8% 72,800 75 8,600 41 3

13 61.8%12 (1) (2) % % %........................................... 49,190 71.9 1,077 45.7 52,144 97.7 1,080 48.3 63,133 89.7 1,135 55.6......................................... 3,169 4.5 15 210.0................................... 19,246 28.1 190 101.5 1,223 2.3 11 109.5 4,082 5.8 52 78.7 68,436 100.0 1,267 54.0 53,367 100.0 1,091 48.9 70,384 100.0 1,202 58.5 (1) (2) (3) 90.8% 97.3% 86.4% 48.6% 70.6% 66.4% 12 4

(1) (2)(3) (4) (5) (6) 5

(1) (2) (3) (4) 10.9% 6.1% 26.1% 20.9% 31.2% 46.2% 10.9% 6.1% (1) (2) (3) 21.9% 38.6% (1) 2.4 (2) 15.2 (1) 6

60,600 150 (2) 108,900 80 199 50.8 25.3 36 37 1,000 (1) (2) (3) (4) 7

18 5.7 6.8% 1,000 (1) 5.0 (2) 1.7 0.6 (1) (2) (3) 8

(4) (5) (6) Macmillan Equity52.5% Macmillan Equity Macmillan Equity 30% GEM Macmillan Equity 50% 50% 20% 20% 60% (i) (ii) F. 9

................................. 68,436 53,367 70,384.............................. (28,871) (25,703) (36,294)................................. 39,565 27,664 34,090.................... 2,708 957 2,038........................ (1,348) (1,260) (3,456).............................. (10,049) (9,719) (23,227)........................ (3,040) (78) (214).......................... (1,228) (623) (572)............................ 26,608 16,941 8,659............................ (8,250) (5,656) (7,545)........ 18,358 11,285 1,114........................... 7,849 7,036 9,074............................... 2,068 771 2,950.................................. 9,117 7,734 10,337............................... 3,276 3,457 4,368................................ 1,012 1,025 2,101.................................. 704 734 1,613 24,026 20,757 30,443......................... 6,298 5,117 6,497............ (1,453) 289 (835).. (460) 189 28,871 25,703 36,294 10

% % %................ 6,897 31.2 8,314 36.0 6,185 25.1................ 36,713 81.8 23,762 80.4 33,089 74.8......................... 800 54.8 534 72.6 667 46.3 44,410 64.9 32,610 61.1 39,941 56.7................ (6,298) (5,117) (6,497)... 1,453 (289) 835.......... 460 (189) 39,565 57.8 27,664 51.8 34,090 48.4 57.8% 51.8% 48.4% 11

% % %....................... 28,780 58.5 31,620 60.6 34,450 54.6................ 15,630 81.2 990 80.9 2,820 69.1...................... 2,671 84.3 44,410 64.9 32,610 61.1 39,941 56.7................ (6,298) (5,117) (6,497)... 1,453 (289) 835.......... 460 (189) 39,565 57.8 27,664 51.8 34,090 48.4................................... 100,592 92,831 99,195..................................... 173,257 203,850 129,624................................... 10,398 35,793 9,688..................................... 152,901 146,393 15,071................................. 20,356 57,457 114,553..................................... 110,550 114,495 204,060......................... 26,162 16,775 45,473.................. (193) 872 (14,264).................. (24,573) 11,092 (48,261).............. 1,396 28,739 (17,052)......................... 21,142 22,567 51,367......................... 29 61 (2,163)......................... 22,567 51,367 32,152.. 34,720 28,756 17,261 12

(%) (1)........................... 57.8 51.8 48.4 (%)............................ 26.8 21.1 1.6 (%)........... 26.8 21.1 17.3 (%)......................... 16.6 9.9 0.5 (%)....................... 6.7 3.8 0.5.............................. 1.1 1.4 8.6.............................. 0.6 0.8 3.5 (%) (2)...................... 22.7...................... 1. 57.8% 51.8% 48.4% 2. 100%............... 18,358 11,285 1,114............ (3,013) 249 (884).. 15,345 11,534 230 13

............... 18,358 11,285 1,114 11,069.. 18,358 11,285 12,183 69.1 390 18.0% 260 12% 95.2% 80.6% 75.8% 6.8% (1) 1.4 1,100 (2) 1.4 1,100 1.2 14

7.8% 2,200 1.7 1,295 1.8 1,425 39.6 37.5 (1)2.3 (2) 29.5 (3) 9.6 (4)10.0 0.35 0.30 0.40 70.0 57.1 40.6 33.1 (i)15.0 18.4 45.3% (ii)6.88.3 20.5%(iii)6.7 8.2 20.2% 15

(iv)3.0 3.7 9.1% (v)1.62.04.9% 800,000,000 0.30 0.40 1...................... 240 320 2............ 0.368 0.391 (1) 800,000,000 (2) 10.0 0.3520.30 0.376 0.40 20.7 10.0 16

29.4 24.5 11.1 5.0 8.4 53 17

............................................... GEM.............................................................................................................. 18

................................................................................ GEM Clover Star........... Clover Star International Limited............... 32............ 622...... 19

............ GEM 52.5% Macmillan Equity........ GEM........................ G. 10............................................................................. 20

.......................................................................... GEM........ GEM................ Grand Fiesta......... Grand Fiesta Limited Grandtel............. Grandtel Limited.............. 21

............ www.hkeipo.hk.. www.hkeipo.hk..................................................................................... Interfusion........... Interfusion Limited............ A. 5..... 1 4........ 22

................ GEM............ GEM.............. Macmillan Equity...... Macmillan Equity Limited Medford Global....... Medford Global Limited...... Mercci.............. Mercci Limited............................ Macmillan Equity.............. Palgrave Enterprises.................................... 23

............ 731,333.33.................. 72,800.............. 0.40 0.30............ Palgrave Enterprises... Palgrave Enterprises Limited.................................................... 180,000,000.......... 24

...................................... 32.......................... 1% 0.0027% 0.005%........ 20,000,000...... 25

.... S.............. S...................................... A.5................................... 571.................................... 26

............ 480,488.53.......... 29,064.27........................................ 0.001...................................... F........... 1 6........................................ GEM 27

.......................................................................................................................................... %.................. 28

0.8161 1.00 6.51.00 * 29

.................................................. 750 125...... 750 199 568.................................. 666.66.............................................. 1 14 7 77................................ 1,000 1,333.33 750............................ 30

............................ 10% 15%........................ 31

61.8% 48.6% 70.6% 66.4% 34

71.9% 97.7% 89.7% 35

1,000 19.2 28.1% (1) 2.4 (2)15.2 2.3% 5.8% 21.9% 36

(i) (ii)(iii) 25.3% 28.1% 37

95.2% 80.6% 75.8% (1) (2) 40

79 42

3.0 0.2 0.9 43

18 480,488.53 75.5 79.8 77.5 27.5% 26.9% 33.9% 978 1,102 791 49.2 52.1 63.1 71.9% 97.7% 89.7% 5 5 13 30 90 39.5 42.0 12.8 20.6 26.2 77,000 44

20.1 26.8 194 279 90 1.5 992,000 1.7 45

1,722,000 14,336,650 94.52% 5.48% 5.48% 10% 707,000 724,000 815,000 46

2% 0.3%0.5% 0.5% 1.0% 32.7% 48

(4.9) (7.3) 5.0 1,000 49

10% 52

10% 25.0% 5.0% 5% 53

GEM GEM GEM GEM GEM 17.29 55

52.5% 20.7 10.0 56

GEM 58

571V GEM................................. (i)20,000,000 (ii)180,000,000.............. 0.40 0.30.......................... 59

........................ 0.1% 0.2% Conyers Trust Company (Cayman) Limited 60

.............. GEM 61

............................ GEM 10,000 62

.............................................................................................. Alec Peter Tracy........ 9 15 B 9 8 A 7 5 A 8 2 B 11 21 H 66 14 A 45 7A 12 3 3A 63

.......................................... 33 40 33 40 288 23-24 23 16 1603-7................ 8 21 1-1 28 2803-04 Appleby 1 2206-19 64

............ 18 5 501 15-16............ 1 22...................... 500 B 1018.... 188 23...................... 33 40...................... 388 15 65

................ Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands.................... 20 11 1-3.................. www.gracewine.com.hk.................. FCIS FCS 33 19.................. 20 11 1-3 33 19................ 66

................ Alec Peter Tracy............................ Conyers Trust Company (Cayman) Limited Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands...... 183 22.................. 33 40.............. 119 847 67

350,000 (i) (ii) (iii) (iv) 68

8.3% 8.5% 24,565 33,616 8.2% 49,521 8.1% 10% 15% 1.72 1,000 78,00011.4 10.9% 69

3 10,000 100 70

3.0 2.5 2.0 1.5 1.0 0.5 0.0 1.8 1.4 0.4 1.7 1.3 0.4 1.6 1.2 0.3 1.6 1.7 1.1 1.2 1.9 0.5 0.5 0.5 0.5 2.0 1.4 1.5-2.7% 7.8% 5.8% 4.4% -0.7% 6.9% 2.1 1.6 1.7 1.8 0.6 0.6 0.6 2.3 2.4 140 130 120 110 100 90 80 70 60 50 40 30 20 10 0 69.5 9.6 67.7 66.5 59.9 58.7 58.2 61.3 71.6 80.3 68.4 91.0 78.5 99.5 86.4 3.4% 9.7% 5.5% 3.9% 3.7% 8.9% 115.2 122.8 107.9 94.4 101.3 108.4 9.0 8.2 10.3 11.9 12.6 13.0 13.5 14.0 14.4 1.77 1.55 6.4% 1.2 2.4 6.8% 803 1,228 8.9% 12,000 5.2%16,4005.3% 896.6 1,251.9 5.7% 71

000 10 9 8 7 6 5 4 3 2 7.3 6.0 6.3 5.8 5.2 4.8 6.2-3.5% 2.4% -1.5% -1.9% 6.5 5.1 5.2-3.1% 1.7% 6.6 5.5 5.6 6.8 6.9 7.0 7.0 5.8 5.9 5.9 1,000 900 800 700 600 500 400 300 200 1.7% 7.7% 3.8% 3.1% 2.1% 6.8% 900.1 805.4 856.3 753.2 700.5 646.5 594.4 589.3 542.6 524.6 757.3 716.0 622.6 669.8 574.9 488.8 446.2 489.4 523.7 429.7 1 0 1.3 1.1 1.1 1.0 1.2 1.2 1.2 1.2 1.1 1.1 100 0 105.7 96.4 94.9 99.8 122.8 125.6 130.6 135.6 140.3 142.8 7,315.4 5,806.5 10.9% 6,450.5 7,008.4 1.7% 6.1% 646.5 0.8% 900.1 6.8% 72

-4.8% 5.7% 1.5 1.38 1.18 1.16 1.15 1.14 1.21 1.29 1.36 1.43 1.50 100 80 1.0 0.5-14.5% -1.7% -0.9% -0.9% +6.1% +6.6% +5.4% +5.1% +4.9% 60 40 20 0 0.0-20 73

1.14 4.8% 1.50 5.7% 30.3% 6.9% 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2,240.6 +72.9% 3,874.6 6,263.7 +61.7% 6,255.0 6,455.2 6,936.1 7,450.0 8,025.2-0.1% +3.2% +7.5% +7.4% +7.7% 8,507.5 9,011.1 +6.0% +5.9% 160 140 120 100 80 60 40 20 0-20 2,240.6 6,263.7 67.2% -0.1% 9,011.1 6.3% 74

2-33-4 75

15.5% 14.0% 19.5% 16,440 1,251.9 7.3% 12.7% 11.0% 7.5% 7.0% 77

8 5,000 6 4 3.2 2.7 2.5 2.9 3.1 3.2 3.3 3.6 3.7 3.7 4,000 3,000 2,000 2,140.0 2,399.7 2,680.7 2,933.0 3,134.5 3,338.2 3,531.2 3,728.2 3,915.0 4,104.5 2 1,000 0 0 3.1 3.7 10.0% 3,134.5 5.5% 78

(%) 1 96.5 14.9% 2 A A 89.8 13.9% (2) 3 B B 84.6 13.1% (3) 4 C C 69.9 10.8% 5 D D 60.5 9.4% 62.1% 401.3 37.9% (1) (2) A (3) B 79

62.1% 14.9% 0.8% (%) 1 A A 65 8.1% (1) 2 B B B 39 4.9% (2) 3 E E E 13 1.7% (3) 4 F F F 5 0.6% (4) 5 G G G 4 0.5% (1) 15.8% 84.2% 80

(1) A (2) B (3) E (4) F (5) G 16 0.1% 15.8% (Decanter World Wine Competition) (International Wine Challenge of Asia) Tianfu Great One 81

(i) (ii) 83

(iii) (iv) 84

10%10% 85

25.0% 17% 87

10 88

15 91

Sylvian Albert Janvier Janvier.......... Janvier.............................. 2001 2002 2001 2001 2002.......... 2001 2003 92

.......... 2001 (The International Wine Challenge of Asia 2004).................... 2004 (Decanter World Wine Awards 2007).......... 2008 Appellation Shanxi Grace Vineyard 309-075.......... 2008 (Cathay Pacific Hong Kong International Wine & Spirit Competition).......... 2008 (Decanter World Wine Awards 2011).......... (WINE Magazine) (Best Winery of Golden Bottle Awards 2012).......... Hugh Johnson Jancis Robinson RVF (La Revue du Vin de France) 2010 RVF (La Revue du Vin de France) 93

.......... 2012 RVF (La Revue du Vin de France) ISO9001 2008.................... 2014 RVF (La Revue du Vin de France) RVF (La Revue du Vin de France) 2015 (Decanter Asia Wine Awards 2017) Aglianico 2015 (Decanter Asia Wine Awards 2017) 2014 (Decanter Asia Wine Awards 2017).......... Interfusion Janvier Janvier50% 50% 94

Janvier 67% Janvier 1 50% 50% 46,800,000 Medford Global 95

200,000 Grandtel 5,000,000 Grand Fiesta 1,300,000 Mercci 165,000 100 100 Clover Star Clover Star 96

350,000 Interfusion Interfusion1 (6) Interfusion 50% 50% 100% 100% 100% 100% 100% 97

(1) (A) Palgrave Enterprises Palgrave Enterprises 50,000 50,000 1 100 (B) Macmillan Equity Macmillan Equity 50,000 50,000 1 100 (C) 380,000 380,000,000 0.001 Mapcal Limited 0.001 Macmillan Equity Palgrave Enterprises Macmillan Equity Palgrave Enterprises50% 50% (2) (A) Grandtel Grandtel 50,000 50,000 1 100 (B) Interfusion Interfusion 50,000 50,000 1 100 98

(C) Medford Global Medford Global 50,000 50,000 1 100 (D) Grand Fiesta Grand Fiesta 50,000 50,000 1 100 (3) (A) (B) (4) (A) (i)grandtel50 Macmillan Equity 50 (ii) Grandtel 50 Palgrave Enterprises 50 Palgrave 99

Enterprises Macmillan Equity50 Grandtel Palgrave Enterprises Macmillan Equity50% 50% (B) (i) Interfusion 50 Macmillan Equity 50 (ii) Interfusion 50 Palgrave Enterprises 50 Palgrave Enterprises Macmillan Equity50 Interfusion Palgrave Enterprises Macmillan Equity 50% 50% (C) (i) Medford Global 50 Macmillan Equity 50 (ii) Medford Global 50 Palgrave Enterprises 50 Palgrave Enterprises Macmillan Equity50 Medford Global Palgrave Enterprises Macmillan Equity 50% 50% (D) (i)grand Fiesta50 Macmillan Equity 50 (ii)grand Fiesta 50 Palgrave Enterprises 50 Palgrave Enterprises Macmillan Equity50 Grand Fiesta Palgrave Enterprises Macmillan Equity 50% 50% (E) 16 282 0.001 Palgrave Enterprises Macmillan Equity Palgrave Enterprises Macmillan Equity31% 69% 100

(5) Macmillan Equity (A) 5,000,000 (B) True Friendship Limited (C) Mercci Mercci 50,000 50,000 1 Mercci 100 (D) True Friendship Limited 1Mercci99 99 Mercci Mercci (E) 1,300,000 (F) Clover Star Clover Star 50,000 50,000 1 Clover Star 100 101

(G) 100 Clover Star 100 (H) Macmillan Equity Palgrave Enterprises 124,649,191 Macmillan Equity 217 83 Palgrave Enterprises Palgrave Enterprises Macmillan Equity 30% 70% (6) Interfusion Interfusion 1(i) Interfusion 5.7 9.0 (ii) Interfusion9.1 9.0 3.4 3.3 0 Interfusion 102

2,100,000 13,650,000 1,890,000 12,285,000 210,000 1,365,000 90% 10% 11,193,000 1,722,000 94.52% 5.48% 5.48% 1,508,000 9,802,000 (i) (ii) 103

90% 10% (i) (ii) 13 (i) (ii) (iii) (iv) (v) 104

105 Macmillan Equity Palgrave Enterprises 100% 30% 100% 70% Medford Global 100% 100% 100% Grandtel 100% 100% 100% Grand Fiesta 100% 100% 100% Mercci 100% 100% 100% Clover Star 100% 100% 100%

37 37 419,999,300 179,999,700 Macmillan Equity Palgrave Enterprises Macmillan Equity Palgrave Enterprises 52.5% 22.5% 25.0% 106

107 Macmillan Equity Palgrave Enterprises 22.5% 100% 100% 52.5% 25.0% Medford Global 100% 100% 100% Grandtel 100% 100% 100% Grand Fiesta 100% 100% 100% Mercci 100% 100% 100% Clover Star 100% 100% 100%

61.8% 14.9% 16 (1) 750 199 598 (2) 750 125 (1) (2) La Revue du Vin de France 29,064.27 125 95.2% 80.6% 70.1% 72,800 75 8,600 41 108

61.7% 100% 71.2% 40.6% 38.5% 28.8% 59.4% 13 61.3% 12 26.1% 20.9% 31.2% 46.2% 10.9% 6.1% 109

(1) (2) (3) 21.9% 38.6% (1) 2.4 (2) 15.2 50.8 25.3 110

... 44,881 (65.6%)... 22,098 (32.3%)............ 1,457 (2.1%) 403 111.5 81.8 29,559 (55.4%) 827 26.7 31.2 23,074 (43.2%) 37 39.7 54.8 734 (1.4%) 231 128.0 80.4 44,256 (62.9%) 852 27.1 36.0 24,687 (35.1%) 8 88.6 72.6 1,441 (2.0%) 311 142.3 74.8 863 28.6 25.1 28 50.7 46.3............ 68,436 (100%) 1,267 54.0 57.8 53,367 (100%) 1,091 48.9 51.8 70,384 (100%) 1,202 58.5 48.4 (14.9%) 14.9% 0.8% La Revue du Vin de France 111

(1)750 199 598 (2) 750 125 32.3% 43.2% 35.1% 29,064.27 125 72,800 75 112

0.6 0.2 0.3 61.5%100% 71.2% 40.6% 480,488.53 200 6.8% 13 113

4.5% 1,000 Chateau 114

6.8% 115

72,800 200 650 1,000 41 75 32.3% 43.2% 35.1% 116

6.8% (1) Chateau (2) (3) (4) 20 (5) 117

1,000 118

(1) (2) (1) 61.5% 100% 71.2% 40.6% (2) (i)(ii)(iii) (3) (4) 119

(1) (2) 750............. 568 306 199 750.......................... 72 125 120

(1) (2) (3) 750............... 158/288 399 178 % % %............ 44,881 65.6 29,559 55.4 44,256 62.9............ 22,098 32.3 23,074 43.2 24,687 35.1..................... 1,457 2.1 734 1.4 1,441 2.0..................... 68,436 100.0 53,367 100.0 70,384 100.0 % % %............ 403 31.8 231 21.2 311 25.9............ 827 65.3 852 78.1 863 71.8..................... 37 2.9 8 0.7 28 2.3..................... 1,267 100.0 1,091 100.0 1,202 100.0 98% 750 375 1.55 121

.......................................................... RVF..... La Revue du Vin de France RVF RVF.................. La Revue du Vin de France RVF............ La Revue du Vin de France RVF............ La Revue du Vin de France RVF.................. La Revue du Vin de France................ RVF............ La Revue du Vin de France RVF..... La Revue du Vin de France............. 2010........................ The IWSC Group................................................ 122

(1) (2) (3) 79.3% 100% 71.2% 40.6%61.5% (1) (2) 123

38.5%28.8% 59.4% Interfusion 15.7 (1)Interfusion 5.7 9.0 (2) 0 Interfusion9.1 9.0 3.4 3.3 0 Interfusion 9.0 42.9 189.8 223.0 9.6% 37.8% 21.2% 124

22.7% 1. 28.8% 54.4% 216,000 194,900 190,000 154.6 1,000 % % %.......... 447.9 100.0 357.9 71.2 427.6 40.6.......... 144.5 28.8 626.4 59.4............. 447.9 100.0 502.4 100.0 1,054.0 100.0 1,700 154.6 125

256.8 2. 9,000 10,500 13,400 3. 100% 74.6% 25.4% 68.0% 31.7% 32.0% 42.9% 126

320,00060% 4. 15 127

750 375 500 1.5 3 5 0.550.36 20 128

(1) (2) (3) (3) (4) (1) (2) 90% (3) (4) 16 18 129

130

5 8 4 131

29,064.27 125 2,200 (1) (2) 132

........ 2,200 2,200 2,200 (1).................... 2,098 1,778 1,671 (%).... 95.2% 80.6% 75.8% (1) (1) (2) 72,800 41 34 650 2,800 133

69.115.0 18.4 (4) (1)....... 41 390 (2) (3) 39.6 (48.5)....... 34 29.5 260 (2) (36.1).................. 69.1 (84.6) (1) (2) (3) 134

24 24 90 135

1.............. 1,196 14.9% 16 2.............. 1,094 13.7% PVC 16 3. A................ 758 9.5% 12 4......... 450 5.6% DYNAMIC SYSTEMS GmbH QR 2 5.......... 354 4.4% MASilva 3.......... 3,852 48.1%................ 8,009 100% 136

1.............. 2,217 18.3% 16 2.............. 1,161 9.6% MASilva 3 3. B................ 827 6.8% 1 4.............. 704 5.8% PVC 16 5. C................ 611 5.0% 233 1.......... 5,520 45.5%................ 12,117 100% 137

1. C 2,316 17.0% 233 1 2.............. 2,042 15.0% 16 3.............. 1,570 11.6% MASilva 3 4.............. 1,109 8.2% 2 5. B................ 984 7.2% 1.......... 8,021 59.0%................ 13,589 100% 138

14.9% 18.3% 17.0% 48.1% 45.5% 59.0% % % %............ 49,190 71.9 52,144 97.7 63,133 89.7..... 19,246 28.1 1,223 2.3 4,082 5.8........... 3,169 4.5.............. 68,436 100 53,367 100 70,384 100 71.9% 97.7% 89.7% 28.1% (1) 2.4 (2) 15.2 139

61.3% % % %..................... 33,628 49.1 37,947 71.1 47,192 67.1 (1)........... 33,392 48.8 14,395 27.0 21,758 30.9..................... 1,241 1.8 954 1.8 1,158 1.6.............. 175 0.3 71 0.1 276 0.4..................... 68,436 100.0 53,367 100.0 70,384 100.0 (1) 13 (1) (2) 140

(1) (2) (3) (1) (2) (3) 13......................... 1 1 9..................... 3 1 1.......... 5 5 13 141

1,000 (1) (2) (3) QR(1) (2) (1) (2) 5,000 1% 142

256,000 (1) (2) (3) (4) (5) (1) (2) 143

(1) (2) (3) (4) (5) (6) (7) 144

30 90 39.5 42.0 12.8 194 279 142 22.6 51.4 32.2 30 90 145

(1) (2) (1) (2) 5,000 1% 146

5% 509,000 48.6% 70.6% 66.4% 12 147

12 13 80 1,000 1,500 (1) (2) (3) 98% (1) (2) 15 148

61.3% 98% 12 149

70.6% 66.4% (1) GEM (2) (3) 0.5% 150

30 17% GEM 13.3% 16.7% 6.8% GEM 151

873,800 8.211.8 2.1 3.1 0.9 39.5 42.0 194 279 12.8 142 152

90 17,000 241,000 598,000 319,000 315,000 (1) (2) (3) 9.1 2.4 129,000 13.3% 16.7% 6.8% 16.8% 23.2% 8.7% 4.6 6.4 56.5% 53.8%0.7 0.8 31.2% 26.1% 153

4.5% 12,000 30,000 5.3% 5.5% (1) (2) (3) (1) (2) (3) 154

(4) 100 39 41,000 2.4 GEM 11.12A(1) 3.2 4.5 (0.6) (0.2) 155

Chateau 19.2 28.1% (1) 2.4 (2) 15.2 (1) 60,600 150 (2) 108,900 80 199 150 80 2.3% 5.8% 39 GEM 20 156

(1) (2) (3) (4) (5) (6) (1) (2) QR (1) (2) (3) 157

Chateau (1) (2) (3) 158

% 1......... 33,280 48.6% 2......... 9,126 13.3% 3....... 4....... 7,769 11.4% 7,446 10.9% 13 9 3 2 159

% 5....... 4,489 6.6% Miguel Torres SA Miguel Torres SA 263 14.... 62,110 90.8%......... 68,436 100% % 1......... 37,669 70.6% 2......... 8,928 16.7% 3......... 2,376 4.5% 13 9 5 160

% 4....... 5....... 2,109 4.0% Miguel Torres SA Miguel Torres SA 263 810 1.5% 16 800 14 1.... 51,892 97.3%......... 53,367 100% 161

% 1......... 46,767 66.4% 2....... 5,570 7.9% 16 800 3......... 4,801 6.8% 4....... 2,637 3.7% 13 1 9 1 162

% 5....... 1,139 1.6% 1.... 60,914 86.4%......... 70,384 100% 90.8% 97.3% 86.4% 48.6% 70.6% 66.4% 163

1. 2. 3. 4. 1. 2. 30 12 3. 164

4. 5. (1) (2)(3) 75.5 79.8 77.5 978 1,102 791 43.6% 39.1% 59.8% 165

1,000 15 62.1% 14.9% (1) (2) (3) 166

(4) (5) (6) GEM 8.01(2) (i)833,197.60 (ii)19,095.86 (iii) 482,078.53 25 GEM 15% 15% 101,864.27 19,095.86........... 23,850........... 1,875........... 3,339.27........................ 29,064.27 167

(1)............. 72,800........................ 101,864.27 (1).................... 499.31.................... 293.08.................... 2,341.57.................... 12,171.40.................... 1,737.69.................... 1,950.45 3 1 11802............... 102.36............................ 19,095.86 168

1. (i) 731,333.33 60 600 73.13 (1) AB (2) AB 30 AB 15.3 a. A A (1) A (2) A A b. 169

[2010] 40 (i) (ii) 100 60 (iii) 150 (iv) 200 548,500 c. (1) (2) B B B d. (1) AB (2) AB(3) B 170

382,000 A 349,333.33 B A B A B 510,133.33 AB Interfusion 1 (1) Interfusion 5.7 (2) 0 9.0 171

2. (i) (ii) AB AB 221,200 AB AB AB (i) (ii) (iii) (iv) (v) (vi) AB 8.8 AB 172

3a. 8.74 20% 1.7 (i) (ii) (iii) 0.1% 25.0 173

3b. 50,000 174

(i) (ii) 18 480,488.53 847 743 175

..... 62,286.03 11..... 14,513.20 11....... 2,433.31 11..... 5,033.28 11..... 159,398.41 11....... 163,698.36 11..... 61,146.06 11........ 1,679.98 9 1,206.65 9 176

............................ 613.33 9 1,266.65 9 533.33 9 2,066.65 9 1,166.66 9 846.66 9... 1,699.98 13 8........ 100.00 11 799.99 9.............. 480,488.53 177

43 4 418....... 248 5 143 606............. 83 2 130 4 6C............. (1)(2)....... 20 10 178

175 2 502....... 85 1 C 14 2 (1)............ 124 (3).................... 690 20 11 1 3............ (3) 743.................... 743.................... 1,433 (1) (2) (3) 1. 179

C. 2. 118........................... 4 3.4%................................. 21 17.8%............................... 5 4.2%............................. 22 18.6%........................ 20 16.9%........................... 37 31.4%........................ 9 7.6%........................................ 118 100% 7.2 7.4 10.2 180

100 181

182

GEM 1. 2. 10 183

3. 15 4. 5. GEM 6. 7. GEM 6A.19 184

Macmillan Equity 52.5% Macmillan Equity Macmillan Equity30% GEM Macmillan Equity GEM 11.04 Intervine Capital Cienega Valley LLCIntervine50% Intervine Eden Rift Intervine50% Intervine Intervine Intervine72,000 Intervine 700 Intervine (i) Intervine (ii) Intervine(iii) (iv) Intervine 185

20% 20% 60% (i)(ii) Intervine (i) 186

(ii) (iii) (i) (ii) (iii) 27 29 187

39 Interfusion (6) Interfusion (i) (a) (b) 188

(ii) (i) (ii) (i) (ii) (i) (ii) (iii) GEM (i)(ii) (a) 10% (b)5% 189

(i) (ii) (iii) GEM GEM Intervine (i) GEM GEM (ii) GEM 190

(iii) (iv) (v) (vi) (vii) (viii) GEM (ix) (x) (xi) 191

GEM 50% Flying Gain Holdings LimitedFlying Gain50% GEM GEM 1. 20 11 1 3 GEM 696,000 30 192

30 GEM5% 3,000,000 GEM 20.74(1) 30 GEM 2. 477,000 GEM 30 GEM 20.96 GEM 20 193

3. 2,592,000 201,000 339,000 1,000,000 (i) (ii) (iii) (iv) GEM GEM5% 3,000,000 GEM 20.74(1) 194

....... 40..... 32..... 33....... 44 195

..... 37..... 55 Alec Peter 52 TRACY......... 41...... 36 196

...... 37........ 43 40 16 1105 Memories Group Limited 1H4 Food & Wine2014 2013 197

The Drink Business2012 The Drink Business 2010 2010 32 1395 (i) (ii) (iii) 198

33 280 44 15 LaSalle Investment Management MIPIM Asia 199

37 1105 Spectrum 28 55 32 200

GEM 5.05(2) Tredueotto Limited 291 Alec Peter TRACY Tracy52 Tracy 22 Tracy TCL Capital (Hong Kong) Limited TracyAscent Capital Advisors Limited Tracy Tracy GEM 17.50(2)(a) (v) 41 201

17 600238 36 Sony (Malaysia) Sdn. Bhd Harrisons Holdings (Malaysia) BHDHarrisons Wine Denise Wine Shop (Malaysia) Sdn. Bhd 37 202

43 17 203

12 13 14 GEM 5.14 11.07(2) (a) (b) 159 (c) 50 GEM 5.14 11.07(2) 41 Vistra Corporate Services (HK) Limited 13 (i) 1210(2) 6826 (iii) (South Sea Holding Company Limited) Savoy Concepts Limited Team Concepts Holdings Limited680 (iv) (Sino-i.com Limited) 250 (v)2200 (vi) 3768(vii) 2278 204

Vistra Corporate Services (HK) Limited (i) Vistra Corporate Services (HK) Limited(ii) GEM A.2.1 A.2.1 GEM 205

GEM GEM 5.28 GEM 5.34 Alec Peter Tracy (i) (ii) (iii)xv 206

565,000 1,202,000 1,238,000 1,289,000 1,580,000 (i) (ii) (iii) GEM 6A.19 GEM 6A.23 GEM 17 19 20 207

GEM 17.11 GEM 18.03 208

XV2 3 10% GEM 1 Macmillan Equity........ 420,000,000 52.5% 2............... 420,000,000 52.5% Palgrave Enterprises..... 180,000,000 22.5% 3............... 180,000,000 22.5% 4............... 180,000,000 22.5% (1) (2) Macmillan EquityMacmillan Equity 420,000,000 (3) Palgrave Enterprises Palgrave Enterprises 180,000,000 (4) Palgrave Enterprises 180,000,000 XV23 10% 209

8,000,000,000 8,000,000 1,000 1 599,999,000 599,999 200,000,000 200,000 800,000,000 800,000 210

(a) 20% (b) (i)(ii) (i) (ii) (iii) A.5. 10% 211

GEM B. (a) (b) (c) F. 212

61.8% 14.9% (1) 750 199 598 (2) 750 125 (1) (2) 68.415.021.9%53.4 18.4 7.138.6% 11.3 53.4 17.0 31.8% 70.4 11.3 1.1 213

11.1 12.2 11.3 0.9 II2 (i)(ii)(iii) 71.9% 97.7% 89.7% 58.5% 60.6% 54.6% (i) (ii) (iii) 214

(i) (ii) 25.1% 81.8% 57.8% 51.8% 48.4% 87.8% 87.8% 100% 83.3% (i) (ii) 46.4% 47.5% 46.3% 215

27.2% 27.4% 25.0% 7.2 7.4 10.2 0.4 GEM GEM 1.7 +/-105% +/-70% +/-35%..................... -/+8,241 -/+5,494 -/+2,747..................... -/+7,388 -/+4,925 -/+2,463..................... -/+9,528 -/+6,352 -/+3,176 216

( ) +/-23% +/-15% +/-8%..................... -/+753 -/+491 -/+349..................... -/+795 -/+519 -/+277..................... -/+1,005 -/+655 -/+349 3.0 0.2 0.9 217

(i)(ii) (iii) 4 5 (a) (b) (c) 218

16 219

220

% % %.......... 22,098 32.3 827 26.7 23,074 43.2 852 27.1 24,687 35.1 863 28.6.......... 44,881 65.6 403 111.5 29,559 55.4 231 128.0 44,256 62.9 311 142.3................... 1,457 2.1 37 39.7 734 1.4 8 88.6 1,441 2.0 28 50.7 68,436 100.0 1,267 54.0 53,367 100.0 1,091 48.9 70,384 100.0 1,202 58.5 44.9 34.1% 54.0 48.9 58.5 (i)(ii)(iii) % % %................. 49,190 71.9 1,077 45.7 52,144 97.7 1,080 48.3 63,133 89.7 1,135 55.6.......... 19,246 28.1 190 101.5 1,223 2.3 11 109.5 4,082 5.8 52 78.7................ 3,169 4.5 15 210.0 68,436 100.0 1,267 54.0 53,367 100.0 1,091 48.9 70,384 100.0 1,202 58.5 222

48.6% 70.6% 66.4%71.9% 97.7% 89.7% 28.9 25.7 36.3.......................... 7,849 7,036 9,074.............................. 2,068 771 2,950................................. 9,117 7,734 10,337.............................. 3,276 3,457 4,368............................... 1,012 1,025 2,101.............................. 704 734 1,613 24,026 20,757 30,443........................ 6,298 5,117 6,497........... (1,453) 289 (835). (460) 189 28,871 25,703 36,294 223

(i) (ii) (iii) 65.9% 60.5% 61.6% (i)(ii) 2.1 0.8 3.0 34.3% 30.4% 33.1% 39.6 27.7 34.1 57.8% 51.8% 48.4% 224

% % %............ 6,897 31.2 8,314 36.0 6,185 25.1............ 36,713 81.8 23,762 80.4 33,089 74.8..................... 800 54.8 534 72.6 667 46.3 44,410 64.9 32,610 61.1 39,941 56.7............ (6,298) (5,117) (6,497).................. 1,453 (289) 835....... 460 (189) 39,565 57.8 27,664 51.8 34,090 48.4 225

% % %................... 28,780 58.5 31,620 60.6 34,450 54.6............ 15,630 81.2 990 80.9 2,820 69.1.................. 2,671 84.3 44,410 64.9 32,610 61.1 39,941 56.7............ (6,298) (5,117) (6,497).................. 1,453 (289) 835....... 460 (189) 39,565 57.8 27,664 51.8 34,090 48.4 (i)(ii) (i) 20,000 (ii) 2.7 1.0 2.0 226

........................ 438 360 659.............................. 101 106 544............................ 597 625 1,869................................. 212 169 384 1,348 1,260 3,456 1.3 1.3 3.5 (i) 20 (ii) 227

.............................. 11,069.............................. 92 76 97.............................. 3,844 3,791 5,308............................ 3,025 2,910 2,802.......................... 706 305 150............ 810 707 2,082.............................. 269 274 351........................ 224 741 307........................ 210 239 331................................. 869 676 730 10,049 9,719 23,227 10.0 9.7 23.2 11.1 3.0 3.0 78,000 0.2 1.2 1.2 1.1 0.5 0.5 228

25% 16.5% 8.3 5.7 7.5 31.0% 33.4% 87.1% (1) (2) (i)(ii) 100 33 229

53.4 17.0 31.8% 70.4 (i) (ii) 1,091,000 111,000 10.2% 1,202,000 (i)(ii) 80,000 48.9 9.6 19.6% 58.5 62.9%55.4% 25.7 10.6 41.2% 36.3 27.7 6.4 23.1% 34.1 51.8% 48.4% 1.0 1.0 100.0% 2.0 0.7 0.2 1.3 2.2 169.2% 3.5 (i)1.2 230

20 (ii) 9.7 13.5 139.2% 23.2 11.1 78,000 0.1 0.2 1.2 1.1 0.5 0.6 11.1 5.7 1.8 31.6% 7.5 33.4% 87.1% 11.3 10.2 90.3% 1.1 21.1% 1.6% 11.1 12.2 17.3% 21.1% 231

68.4 15.0 21.9% 53.4 1,267,000176,00013.9% 1,091,000 15.3 17.6 1.0 54.05.19.4% 48.9 55.4% 65.6% 28.9 3.2 11.1% 25.7 39.6 11.9 30.1% 27.7 57.8% 51.8% 2.7 1.7 63.0% 1.0 1.1 0.6 1.3 232

10.0 9.7 3.0 3.0 97.4% 78,000 3.0 1.2 1.2 1.2 0.6 8.3 2.6 31.3% 5.7 31.0% 33.4% 18.4 7.1 38.6% 11.3 26.8% 21.1% 233

............... 26,162 16,775 45,473......................... (193) 872 (14,264)......................... (24,573) 11,092 (48,261).................. 1,396 28,739 (17,052)....................... 21,142 22,567 51,367............... 29 61 (2,163)....................... 22,567 51,367 32,152 1.4 28.7 17.1 45.5 17.3 6.2 34.0 29.5 7.5 2.7 4.7 2.2 234

16.8 28.8 5.7 6.5 2.4 1.7 1.8 1.4 26.2 34.7 3.6 5.0 6.3 5.6 2.4 9.8 14.3 13.1 2.5 1.0 1.0 0.9 11.0 0.8 1.2 3.8 5.4 0.5 0.2 11.0 1.4 7.6 2.2 21.60.5 48.3 20.71.1 26.0 11.1 27.0 13.7 1.2 1.0 235

24.6 22.0 1.3 1.2 20.4 57.5 114.6110.0................... 75,455 79,788 77,525 68,155................ 724............ 39,539 41,969 12,797 12,332.......... 14,610 2,251 7,150 9,443.......... 21,086 28,475 26.......... 22,567 51,367 32,152 37,501............ 173,257 203,850 129,624 128,181............ 799 287 860 1,797.. 5,324 3,558 12,403 15,435.......... 119,058 112,924 401 710............ 1,000................ 2,578 1,633 1,407 264................ 25,142 26,991............ 152,901 146,393 15,071 18,206............ 20,356 57,457 114,553 109,975 236

20.4 57.5 114.6 110.0 (i) (ii)(iii) 75.5 79.8 77.5............................ 2,891 2,222 2,959............................ 70,193 72,971 67,073............................ 2,371 4,595 7,493 75,455 79,788 77,525 237

58,000 130,000 11,000.................... 978 1,102 791 365 978 1,102 791 18 28.7 37.1% 5.0 67.0% 238

..................................................... 2,700 2,720 3,075.............. 3,013 (249) 884............... (5,713) (2,471) (3,959)............................................. 1,560 40 49....... 1,453 (289) 835.................... 3,013 (249) 884 239

...... 460 (189).................. (15) 2................ (15) 460 (187) 832 368 437 (i) (ii) 13 Wu Liang-ru 240

15 Wu Liang-ru Wu (i) (ii) (iii) 241

41 242

243

20 620 244

41 (i)(ii) (iii) 10% 10% 6.3 2.7 4.4 10% 10% 5.1 2.2 3.6 245

......................... 18,358 11,285 1,114................ (3,013) 249 (884)............... 15,345 11,534 230 41 246

247

..................... 15,875 37,073 12,752....................... 23,664 4,896 45 39,539 41,969 12,797 39.5 42.0 12.8 248

..................... 18,892 15,815 12,720 90....................... 427 694 77 90....................... 20,220 25,460 39,539 41,969 12,797 17,000............ 194 279 142 365 249

194 279 142 142 12.7 99.5%................. 426 427 1,810................... 883 898 900........................... 1,751 926 4,440................... 11,550 14,610 2,251 7,150 14.6 2.3 11.6 10 5.0 250

(1) 52 14 (2) 7.22.5 1.4 24.3% 3% 18 30............................ 795 76 575 31 90.......................... 4 211 285 799 287 860 251

0.8 0.3 0.9 30 90............ 46 8 6 365 46 8 6 0.8 96.4% (1) (2)........................... 46 2,729....................... 5,292 3,444 9,546........................... 10 46 106........................... 22 22 22 5,324 3,558 12,403 252

5.3 3.6 1.3 12.4 (i)(ii) 21.1 28.5 119.1 112.9 0.4 25.1 27.0 124.6 Macmillan Equity 217 9.5 5.1 17.0 11.0 253

............................ 3.......... 15 3 7............................ 15 12 8 33 15 15............................ 225 260 384.......... 230 225 260 614......................... 9,610 5,310 254

........ 1,000................ 1,000........... 24,000 26,000........ 34,566........ 979 255

(i) (ii)(iii) 256

............................... 37,290................................. (973)........................ 36,317............................................. 16,674...................... 52,991 (%) (1)........................ 57.8 51.8 48.4 (%) (2)........................ 26.8 21.1 1.6 (%) (3).................... 16.6 9.9 0.5 (%) (4).................. 6.7 3.8 0.5 (5)......................... 1.1 1.4 8.6 (6)......................... 0.6 0.8 3.5 (%) (7).................. 22.7 (8)................. 1. 2. 3. 100% 257

4. 100% 5. 6. 7. 100% 8. 100% 16.6% 9.9% 0.5% (i)11.1 (ii) (iii)104.2 6.7%3.8% 0.5%11.1 1.1 1.4 8.6 0.6 0.8 3.5 3.5 258

22.7% 42 20.7 10.0 259

96.3 24.5 11.1 5.0 8.4 GEM GEM 17.15 17.21 260

GEM 75 6.8% 261

69.1 39.6 29.5 37.5 (1) 10.0 (2) 2.3 (3) 29.5 (4)9.6 13.9 95.2% 80.6% 75.8% (1) 1.4 1,100 (2) 1.4 1,100 262

7.8% 1.2 2,200 1.7 1,295 1.8 1,425 0.35 0.30 0.40 70.057.1 40.6 33.1 263

1...... (i) 20 (ii) (iii) (iv)....... 3.0% 1.0 1.2 3.0% 1.0 1.2 264

2.... 2.4% 0.8 1.0 (i) (ii) (iii) (iv)........... 28.1% 9.311.4 (i) (ii) 3.0% 1.0 1.2 265

3.... 2.4% 0.8 1.0 (i) (ii) (iii) (iv)....... 19.6% 6.58.0 (i) (ii) 6.0% 2.0 2.5 266

4.... 2.4% 0.8 1.0 (i) (ii) (iii) (iv)....... 7.6% 2.5 3.1 3.0% 1.0 1.2 267

5.... 2.4% 0.8 1.0 (i) (ii) (iii) (iv)....... 7.6% 2.5 3.1 5.1% 1.7 2.1 268

269

0.35 40.6 33.1 0.40 (i) 50.0 40.8 0.30 (i) 31.2 25.4 6.0% 5.5 4.5 GEM GEM 29.4 24.5 0.35 0.30 0.40 270

70.0 57.1 40.6 33.1 %........... 1,000 4,500 4,500 2,500 2,500 15,000 45.3%....... 4,800 2,000 6,800 20.5%....... 1,000 1,000 2,000 1,000 1,700 6,700 20.2%........... 750 750 750 750 3,000 9.1%......... 399 399 400 400 1,598 4.9%................ 2,000 11,449 9,649 4,650 5,350 33,098 100% GEM 271

(a) (i) 272

(ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) 273

(xi) (xii) (xiii) (b) (i) (H5N1)(H1N1) (ii) 274

(iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) 275

(xiii) GEM (xiv) (xv) GEM (xvi) GEM (xvii) (a) (b) (c) (d) 276

GEM GEM 17.29 GEM 17.29 GEM 13.16A (1) (a) 155 (b) GEM 155 GEM 13.19 (a) 155 277

(b) GEM Palgrave Enterprise GEM 13.16A(1) Palgrave Enterprises 30%30% GEM (a) 278

(b) (c) (a) (b) (d) (a) (b) (c) (a) (b) (c) (a) (b) (c) GEM (a) (i) GEM 13.18 155 279

(ii) (iii) (i) (ii) (iv) (i) (ii) (iii) (i) (ii) (iii) (b) (a)(i) (ii) (iii) (c) (a)(i) (ii) (iii) (d) (a) (b) GEM 17.43(1) (4) (e) (d) 280

6.0% 0.35 29.4 24.5 281

GEM 6A.07 GEM GEM 18.03 GEM 11.23(7) 25% GEM 282

(i) 20,000,000 (ii) 180,000,000 283

(i) (ii) (iii) (iv) 30 www.gracewine.com.hk www.hkexnews.hk 155 284

(i) (ii) 20,000,000 10% 2.5% 20,000,000 (a) (i) (ii) 15 20,000,000 285

40,000,000 20% (iii) (1) 1550(2) 50100 (3)100 GEM4 60,000,000 (1)80,000,000 (2) 100,000,000 (3) 30% 40% 50% (b) (i) (ii) 20,000,000 40,000,000 20% (a)(ii) (b)(ii) HKEX-GL91-18 0.30 286

0.40 1.0% 0.0027% 0.005% 0.40 1.0% 0.0027%0.005% 180,000,000 90% 22.5% 287

0.40 0.30 www.gracewine.com.hk www.hkexnews.hk (1) (2) 288

11. 10,000 289

1. www.hkeipo.hk 2. S (i) (ii) 290

GEM GEM GEM 3. www.hkeipo.hk (i).................................. 33 40 288 23-24 23 16 1603-7 291

(ii)........ 26 II 399 284 G........ 223 4 473B 21-27 8 81 292

4. (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) 293

(x) (xi) (xii) (i) (ii) S S 902 (h)(3) (xiii) (xiv) (xv) (xvi) (xvii) (xviii) (xix) (i) (ii) 294

5. www.hkeipo.hk www.hkeipo.hk 40 40 342E 295

6. 2979-7888 https://ip.ccass.com 8 1 (i) 296

(ii) 297

40 298

10,000 10,000 (1) (1) (1) (1) (1) 24 299

40 40342E 7. 300

(i) (ii) 8. 301

9. 10,000 10,000 www.hkeipo.hk 10. 11. www.gracewine.com.hkwww.hkexnews.hk 302

www.gracewine.com.hkwww.hkexnews.hk www.tricor.com.hk/ipo/result (852) 3691 8488 12. (i) 40 342E 303

(ii) (iii) (iv) 304

100% 13. 0.40 14. (i) (ii) 305

(i) 1,000,000 183 22 1,000,000 (ii) 1,000,000 1,000,000 306

(iii) 1,000,000 183 22 1,000,000 307

(iv) 308

15. GEM 309

I-3 I-63 I-3 I-63 GEM 2 200 I-1

2 2 GEM I-3 13 I-2

I. (a).................... 7 68,436 53,367 70,384................ (28,871) (25,703) (36,294).................... 39,565 27,664 34,090...... 7 2,708 957 2,038.......... (1,348) (1,260) (3,456)................ (10,049) (9,719) (23,227).......... (3,040) (78) (214)............ 8 (1,228) (623) (572).............. 9 26,608 16,941 8,659.............. 12 (8,250) (5,656) (7,545)......... 18,358 11,285 1,114 I-3

(b)...................... 18,358 11,285 1,114....... (4,851) (7,340) 4,965.................... (4,851) (7,340) 4,965....... 13,507 3,945 6,079 I-4

(c)......... 15 84,788 77,812 83,930........ 16 15,502 14,725 13,836.................... 18 1,361.......... 294 294 68............ 30 8.......... 100,592 92,831 99,195.................... 19 75,455 79,788 77,525................ 20............ 21 39,539 41,969 12,797.......... 22 14,610 2,251 7,150.......... 23 21,086 28,475.......... 24 22,567 51,367 32,152............ 173,257 203,850 129,624............ 25 799 287 860... 26 5,324 3,558 12,403.......... 27 119,058 112,924 401............ 28 1,000................ 2,578 1,633 1,407................ 29 25,142 26,991............ 152,901 146,393 15,071............ 20,356 57,457 114,553...... 120,948 150,288 213,748 I-5

............ 28 25,000............ 30 9,984 10,401 9,318................ 414 392 370.......... 10,398 35,793 9,688................ 110,550 114,495 204,060................ 31.................. 32(a) 110,550 114,495 204,060................ 110,550 114,495 204,060 I-6

(d) 32 32 32 (a)(i) (a)(ii) (a)(iii)......................... 93 11,003 (696) 86,643 97,043.................................... 18,358 18,358..................... (4,851) (4,851)............................ (4,851) 18,358 13,507.............................. 1,097 (1,097)......................... * 93* 12,100* (5,547)* 103,904* 110,550.................................... 11,285 11,285..................... (7,340) (7,340)............................ (7,340) 11,285 3,945.............................. 681 (681) I-7

32 32 32 (a)(i) (a)(ii) (a)(iii)......................... * 93* 12,781* (12,887)* 114,508* 114,495.................................... 1,114 1,114..................... 4,965 4,965............................ 4,965 1,114 6,079.............................. 763 (763) 13................... (20,708) (20,708) 31........................... 104,194 104,194................... 104,194* 93* 13,544* (7,922)* 94,151* 204,060 * 110,550,000 114,495,000 204,060,000 I-8

(e)................. 26,608 16,941 8,659............. 7 (81) (150) (372)............. 7 (550)................. 8 1,228 623 572..................... 9 11,556 10,991 10,125..... 9 615 608 553..... 7 (155) (201) (213)............ 9 (3,013) 249 (884)............. 7 (1,546) (452) (1,190)................. 9 58 130 11......... 9 17 34,720 28,756 17,261............ 9,778 (1,669) 7,452............... (2,423) (2,429) (2,727).............. (6,298) (2,441) 29,458.......... 939 1,373 (4,659)........... (5,628) (510) (2,241)................... (1,512) (1,770) 5,040............... 1,546 992 1,690............... 31,122 22,302 51,274................... 81 150 372............. (5,041) (5,677) (6,173)................. 26,162 16,775 45,473 I-9

................. (8,967) (4,962) (13,113)......... 499 837 979....... 16 (85) (137) (14)................. (68)............... (2,190) (5,366) (581)............... 33 1,033......... (500) (2,500)........... (11,000)....... 21,000 11,000................. 550............. (193) 872 (14,264)............... 27,000............... (22,000) (1,000) (26,000)................... 8 (1,228) (1,163) (1,072)................. 13 (20,708)............. (1,345) (13,745) (481)............. (24,573) 11,092 (48,261).......... 1,396 28,739 (17,052)............... 21,142 22,567 51,367....... 29 61 (2,163)............... 22,567 51,367 32,152.............................. 22,567 51,367 32,152 I-10

(f)............ 17 3 3 3........ 17 128,749................ 22 3,593.......... 24 11,676............ 144,018... 26 2,803........ 17 342 384 44,092............ 342 384 46,895..... (342) (384) 97,123......... (339) (381) 97,126.............. 31.................... 32(b) (339) (381) 97,126......... (339) (381) 97,126 I-11

II. 1. Conyers Trust Company (Cayman) Limited, Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands Macmillan Equity Limited Macmillan Equity Limited Medford Global Limited (a)................. Grandtel Limited (a)................. Interfusion Limited (a)................. Grand Fiesta Limited (a)................. Mercci Limited (a)........ Clover Star International Limited (a)............ (b)................. (c)................. (b)................. (c)................. 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 I-12

(c).... 100 100 (c).... 100 100 * (d)... 46,800,000 100 * (e)...... 1,300,000 100 * (f).................. * (g)...... * (g)... * (h)...... 200,000 100 350,000 100 5,000,000 100 165,000 100 (a) (b) (c) I-13

(d) 5.48% 100% (e) (f) (g) (h) * I-14

2. (a) (b) (c) (i) (ii)(iii) (i) (ii)(iii) I-15

3. 2 1 4 9 4 1 9 1 9 2 10 28 4 15 1 15 15 1 16 2 17 3 19 2 28 2 40 1 22 1 23 2 1 28 1 3 2 11 2 12 2 23 2 1 2 3 4 915 2 I-16

9 399 9 9 9 9 9 39 9 9 15 15 15 15 15 I-17

15 15 15 15 16 17 4 1527 40 16 17 17 16 17 16 37 614,000 15,000 16 16 22 21 I-18

23 12 12 (i) (ii)(iii) (iv) 4. I-19

I-20

(a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) I-21

5% 20% 5% 20% 9% 48% 10% 50% 20% 33.3% 10% 50% 5% 16 I-22

(a) (b) I-23

I-24

I-25

I-26

(a) (b) (c) I-27

5. I-28

10% 5% 10% I-29

152,070,000 153,966,000 119,897,000 10,093,000 10,470,000 9,219,000 6. 90% 90% 10% A.................................. 33,280 37,669 46,767 B.................................. 9,126 8,928 * C.................................. 7,769 * * D.................................. 7,446 * * * 10% I-30

7................................. 68,436 53,367 70,384............................ 81 150 372............................ 550 *............................... 1,546 452 1,190............ 10.............. 33 41 3................................... 333 113 260 2,553 756 1,825......... 155 201 213...................... 2,708 957 2,038 * 8............................. 1,228 1,163 1,072 *........................... (540) (500) 1,228 623 572 * I-31

9............................. 12,693 11,981 13,726 10............................ 5,588 5,784 8,521............. 1,628 1,566 1,699 7,216 7,350 10,220................................... 15 11,816 11,302 10,461...................... (2) (22) (22)................. (258) (289) (314) 11,556 10,991 10,125.................... 16 892 899 901........................ (277) (291) (348) 615 608 553.............................. 230 218 753................................ 4 4 230 222 757.............................. 77 79 80................................ 11,069 ^............................... 58 130 11 #....................... 17 *.................. 20 (3,013) 249 (884)............................ 706 305 150 * # ^ I-32

10.................................... 471................... 86.............................................................................. 8 565 (a).......................................................................................................... 264 86 8 358........................................ 133 133 397 86 8 491 I-33

(b)............................. 37............................... 37 74 (c) Alec Peter Tracy 11. 10.................... 1,002 1,022 959........................ 46 54 110............................ 154 162 126 1,202 1,238 1,195 I-34

1,000,000........................ 5 5 4 12. 25%........................ 6,434 5,614 7,995............... 19 (383) 452.................................................. 30 1,797 425 (902).................. 8,250 5,656 7,545 I-35

% % %................ 26,608 16,941 8,659.............. 6,585 24.7 4,281 25.3 3,294 38.0.................. (290) 517 88..... 1,547 877 1,124.. 19 (383) 452.............. (696) (614) (1,189) *............. 1,056 927 2,331................ (66)............ 29 51 1,511.............. 8,250 31.0 5,656 33.4 7,545 87.1 * 13. 9,714.............. 6,800 22,857 19,869.............. 13,908 20,708 10,000,000 I-36

14. 15.................. 43,891 4,647 14,222 10,967 241 1,659 7,319 4,597 87,543.......................... 438 191 1,105 119 7,552 9,405..................... (100) (204) (40) (344)................... 9 (3,382) (524) (2,406) (4,102) (173) (213) (1,016) (11,816).......................... 14 (14)................. 40,961 4,123 12,007 7,870 68 1,565 6,099 12,095 84,788.......................... 373 774 16 3,799 4,962..................... (3) (633) (636)................... 9 (3,402) (517) (2,369) (3,671) (50) (252) (1,041) (11,302)................. 37,559 3,606 10,008 4,340 18 1,313 5,074 15,894 77,812.......................... 98 807 1,187 4 14,903 16,999................... 33 135 19 8 96 258..................... (514) (7) (28) (129) (678)................... 9 (3,749) (548) (2,431) (2,414) (46) (232) (1,041) (10,461).......................... 26,767 2,737 (29,504)................. 60,161 3,193 11,140 3,114 68 1,057 4,033 1,164 83,930......................... 58,953 5,763 34,791 23,931 2,380 2,053 7,947 12,095 147,913..................... (17,992) (1,640) (22,784) (16,061) (2,312) (488) (1,848) (63,125)..................... 40,961 4,123 12,007 7,870 68 1,565 6,099 12,095 84,788......................... 58,953 5,763 35,137 17,724 2,380 2,053 7,963 15,894 145,867..................... (21,394) (2,157) (25,129) (13,384) (2,362) (740) (2,889) (68,055)..................... 37,559 3,606 10,008 4,340 18 1,313 5,074 15,894 77,812......................... 85,292 5,898 38,680 16,899 2,450 1,881 7,963 1,164 160,227..................... (25,131) (2,705) (27,540) (13,785) (2,382) (824) (3,930) (76,297)..................... 60,161 3,193 11,140 3,114 68 1,057 4,033 1,164 83,930 I-37

2,328,000 1,889,000 1,447,000 630,000 2,399,000 43 43 436,000 414,000 392,000 34,566,000 28 36 16....................... 17,192 16,385 15,623........................... 85 137 14...................... 9 (892) (899) (901)...................... 16,385 15,623 14,736........ 22 (883) (898) (900)...................... 15,502 14,725 13,836 138,000 111,000 85,000 178,000 43 43 979,000 28 36 I-38

17............................ 3 3 3 18................................................................... 33 1,361........................ 1,361......................... 1,361...................... 1,361 24.3%3% I-39

5,657,000 7.3% 19................................. 2,891 2,222 2,959................................ 70,193 72,971 67,073................................ 2,371 4,595 7,493 75,455 79,788 77,525 20.............................................. 2,700 2,720 3,075........... 9 3,013 (249) 884............ (5,713) (2,471) (3,959)......................... 832 368 437 I-40

13 188 23 1 3..... 3........ 3 9.00 10.50 6.31 8.50 6.48 8.50 10% 10% 6,284,000 2,718,000 4,350,000 10% 10% 5,142,000 2,224,000 3,559,000 I-41

21......... 15,875 37,073 12,752................ (ii) 23,664 4,896 45.................... (i) 39,539 41,969 12,797 (i) 60............................. 17,762 15,600 12,790 61 90........................... 1,142 215 7 90........................... 20,635 26,154 39,539 41,969 12,797...................... 18,892 15,815 12,720 90........................ 427 694 77 90........................ 20,220 25,460 39,539 41,969 12,797 I-42

(ii).............. (a) 20,136.............. (b) 3,515 4,880....................... (c) 3 16 23....................... 3 10..................... (d) 7 12 23,664 4,896 45 (a) (b) (c) (d) 90 I-43

22. (a).......... 426 427 1,810............ 16 883 898 900.................... 1,751 926 4,440............ (i) 11,550 14,610 2,251 7,150 (i) 5.0 (b)........................ 3,593 23. 383(1)(d)............... (a) 113 121 121 121 121........... (b) 11,005 11,811 11,005 11,811 11,811.......................... (c) 3,120 3,120 3,120.......................... (d) 6,848 16,543 7,573 18,412 16,543 21,086 28,475 I-44

(a) (b) (c) (d) 50% 50% Chan Park Lam 60% 10% 10% 10% 10% 24. 20,843,000 49,104,000 20,157,000 65,000 25. 30................................. 795 76 575 31 90............................... 4 211 285 799 287 860 30 90 I-45

26. (a)............................. 46 2,729......................... 5,292 3,444 9,546............................. 10 46 106............................. 22 22 22 5,324 3,558 12,403 (b)............................. 2,729......................... 74 2,803 30 90 27................. (a) 42,670 45,819 324................ 12,928 13,878............ 35,942 34,190............ (b) 3........................... (c) 30 48 77......................... 27,485 18,989 119,058 112,924 401 (a) (b) Chan Park Lam 60% 10% 10% 10% 10% I-46

(c) 28. (%) (%) (%)... 1,000 1,000.... 25,000 25,000.... 26,000...................... 1,000.............................. 1,000........... 24,000 26,000 I-47

................ 25,000 22,264................ 15 34,566................ 16 979 29. I-48

30............ 367 (8,546) (8,179) 12............. (359) (1,547) 109 (1,797).............. 8 (10,093) 109 (9,976) 12..................... (43) (377) (5) (425).............. (35) (10,470) 104 (10,401) 33........... (66) 247 181 12............. (163) 1,251 66 (5) (247) 902..... (198) (9,219) 99 (9,318) I-49

.............................. 8.............................. (9,984) (10,401) (9,318) (9,976) (10,401) (9,318) 19,155,000 20,849,000 23,174,000 10% 5% 10% 31. 380,000 380,000,000 0.001 0.001.................. 380,000,000 380 380,000,000 380 380,000,000 380 0.001.................. 700 700 1,000 I-50

...... 700......................................... 300......................... 1,000 124,649,000 104,194,000 Macmillan Equity Limited217 124,649,000 104,194,000 Palgrave Enterprises Limited 83 Palgrave Enterprises Limited Macmillan Equity Limited 30% 70% 32. (a) (i) (ii) 10% 50% (iii) I-51

(b) 31........... (7) (297) (304)....................... (20) (20).................. (15) (15)............... (15) (20) (35)........... (22) (317) (339)....................... (15) (15).................. (27) (27)............... (27) (15) (42)........... (49) (332) (381)....................... 13,163 13,163.................. 858 858............... 858 13,163 14,021 13........... (20,708) (20,708) 31............. 104,194 104,194..... 104,194 809 (7,877) 97,126 I-52

33. 100 80.......................................... 15 258.............................................. 30 247............................................ 1,033.............................................. 293............................... 261..................................................... 958.............................................. (2,814).................................... (468)........................................ 34 (1,063).............................................. 30 (66)............................ (1,361).............................................................................................. 18 1,361................................................ 293,000 261,000 293,000 261,000 I-53

........................................................................................................ 1,033............... 1,033........................... 1,033 11,001,000 1,108,000 72,108,000 1,639,000 34............ 22,000 115,063 137,063................... (22,000) (1,345) (23,345)............... 5,340 5,340........... 119,058 119,058................... 26,000 (13,745) 12,255............... 7,611 7,611 I-54

........... 26,000 112,924 138,924................... (26,000) (20,708) (481) (47,189)............... 1,063 1,063....................... 20,708 20,708 31............. (104,194) (104,194)............... (9,235) (9,235) 20,708 (112,366) (91,658)..... 77 77 35. 36. 15 16 I-55

37.................................. 3............... 15 3 7................................. 15 12 8 33 15 15................................. 225 260 384............... 230 225 260 614 38. 37.............................. 9,610 5,310 I-56

39. (a) (a)(i)........................ 9,126 7,696.................. 16 39 (a)(ii)........................ 1,941 2,376 218.................... 10 (a)(iii)........................ 17.................. 3 (a)(iii)........................ 4.................. 2........................ 88 84 161.................. 17........................ 2,444 40 79........................ 5........................ 60 77 99 (a)(i) (a)(ii) 33 I-57

(a)(iii) 35.17% (a)(iv) GEM 20 (b) 293,000 401,000 (c) 33 (d) 21 23 27 29 (e)........... 402 408 1,185....................... 46 46 124................. 105 102 187 553 556 1,496 10 I-58

40. 41. 42. 100 260,000 I-59

5% 14.1% 21.1% 81.9% 90.2% 99.6% 96.2% 21 I-60

................... 799 799................... 5,292 5,292................. 119,058 119,058....................... 25,142 25,142 150,291 150,291................... 1,000 1,000 24,000 26,000................... 287 287......... 3,490 3,490................. 112,924 112,924....................... 26,991 26,991 144,692 1,000 24,000 169,692................... 860 860......... 12,403 12,403................. 401 401 13,664 13,664 I-61

................. 2,803....................... 342 384 44,092 342 384 46,895 100%........................... 26,000..................... (22,567) (51,367) (32,152)............................... (22,567) (25,367) (32,152)............................... 110,550 114,495 204,060....................... I-62

43. 1 Interfusion Limited 5.7 5.7 10,000,000 44. I-63

A. GEM 7.31 1 2 3 4 5 3 4 5 0.30........... 204,060 36,063 240,123 0.300 0.368 0.40........... 204,060 51,406 255,466 0.319 0.391 1. 2. 0.30 0.40 11.1 II-1

3. 2 800,000,000 4. 10.0 0.352 0.30 0.376 0.40 5. 1.0000 0.8161 6. II-2

B. A A GEMGEM7.31 7 II-3

1 GEM 7.31(7) 3420 GEM 7.31 7 II-4

(a) (b) (c) GEM 7.31(1) II-5

: (852) 3702 7338 : (852) 3914 6388 info@avaval.com www.avaval.com GEM III-1

III-2

III-3

III-4

20 11 1-3 MHKIS(GP) AAPI MSc(RE) 10 III-5

1................ 52,991,000 100% 52,991,000 52,991,000 100% 52,991,000 2................ 3................ 100% 100% III-6

4................ 100% 5................ 100% 6................ 100% 7................ 100% III-7

8................ 100% 9................ 100% 10................ 100% 11................ 100% III-8

12................ 100% 13................ 100% 14................ 100% 15................ 100% III-9

16................ 100% 17................ 100% 100% 52,991,000 100% 52,991,000 III-10

1. 29,064.27 18,993.53 2 1 1 2 1 2 52,991,000 III-11

1. 29,064.27 50 1 (1998) 192......... 2 (2009) 057......... 3 (2009) 058......... 23,850.00 1,875.00 3,339.27 29,064.27 2. 18,993.53 1 16674........... 2 16688........... 3 18252........... 4 1511070......... 5 1511071......... 6 1512082......... 2,341.57 499.31 293.08 1,950.45 1,737.69 12,171.43 18,993.53 III-12

3. a. b. c. d. 4. a..................... b......................... 5. 120 140 6. III-13

2. 115.20 76,799.23 1. 115.20 76,799.23 34,560 2. (2014) 80002 115.20 76,799.23 3. a. III-14

3. 3.65 2,433.31 1. 3.65 2,433.31 3,650 2. (2014) 80161 3.65 2,433.31 3. a. III-15

4. 7.70 5,133.28 1. 7.70 5,133.28 7,700 2. (2015) 80001 7.55 5,033.28 3. a. 2 b. 0.15 III-16

5. 239.10 159,398.41 1. 239.10 159,398.41 239,100 2. (2014) 80158 239.10 159,398.41 3. a. III-17

6. 91.7261,146.06 1. 91.72 61,146.06 91,720 2. (2014) 80159 91.72 61,146.06 3. a. III-18

7. 245.55 163,698.36 1. 245.55 163,698.36 245,550 2. (2014) 80160 245.55 163,698.36 3. a. III-19

8. 2.55 1,699.98 1. 2.55 1,699.98 3,825 2. a. III-20

9. 1.81 1,206.65 1. 1.81 1,206.65 1,810 2. a. 1 III-21

10. 2.52 1,679.98 1. 2.52 1,679.98 2,520 2. a. 1 III-22

11. 1.27 846.66 1. 1.27 846.66 1,270 2. a. 1 III-23

12. 1.20 799.99 1. 1.20 799.99 1,200 2. a. III-24

13. 0.92 613.33 1. 0.92 613.33 920 2. a. 1 III-25

14. 0.80 533.33 1. 0.80 533.33 800 2. a. 1 III-26

15. 1.90 1,266.65 1. 1.90 1,266.65 1,900 2. a. 1 III-27

16. 3.10 2,066.65 1. 3.10 2,066.65 3,100 2. a. 1 III-28

17. 1.75 1,166.66 1. 1.75 1,166.66 1,750 2. a. 1 III-29

1. (a) (b) 2. (a) (i) (ii) IV-1

(iii) (a) (b) (c) (d) (e) (f) (g) (iv) IV-2

GEM 30 (v) (vi) (vii) IV-3

20% 20% 14 14 20% (b) (i) IV-4

(aa) (bb) (cc) (dd) (ee) IV-5

(ff) (gg) (hh) (ii) IV-6

(iii) (iv) (v) IV-7

(vi) (vii) IV-8

(viii) (aa) IV-9

(bb) (cc) (dd) (i) (ii) (ee) (ix) (c) IV-10

(d) (i) 15 (ii) (a) (b) IV-11

GEM (A) (B) (C) GEM (iii) 15 IV-12

(iv) 21 14 GEM (i) (ii) 95% (v) IV-13

(vi) (e) IV-14

21 21 21 (f) (i) (ii) (iii) IV-15

(aa) (bb) 20% IV-16

(g) (h) 3(f) (i) (i) (ii) IV-17

(j) 3. (a) (b) IV-18

(i) (ii) (iii) 37 (iv) (v) (c) (d) IV-19

37A(1) (e) (f) Foss v. Harbottle IV-20

(g) (h) (i)(ii)(iii) (i) IV-21

(j) 6 (i) (ii) (aa) (bb) 6(3) (k) (l) (m) IV-22

(n) (o) 60 (p) (i)(ii)(iii) IV-23

(i) (ii) (q) 75% IV-24

(r) 90% (s) 4. Appleby IV-25

A. 1. XI16 20 11 1-3 2. 380,000 380,000,000 0.001 7,620,000,000 0.001 380,000 8,000,000 179,999,700 419,999,300 Palgrave Enterprises Macmillan Equity 800,000,000 3. V-1

(i) 100 Clover Star (ii)interfusion 4. 5. (a) (b) 7,620,000,000 380,000 8,000,000 (c) (i) (ii) (i) 599,999,000 (ii) V-2

(iii) (iv) (aa) 20% (bb) (v) 10% (vi) (v) (d) V-3

B. 1. GEM GEM (a) GEM (b) GEM (c) 10% 30 5% GEM V-4

(d) (e) (i) GEM GEM(ii)GEM GEM GEM (f) 30 (g) V-5

2. 3. GEM 4. 800,000,000 80,000,000 (a) (b) (c) GEM V-6

26 C. 1. (1) Clover Star International Limited 1 100 Clover Star International Limited (2) 135,000 (3) 18,213,712 (4) Macmillan Equity Limited Macmillan Equity Limited 1,200 (5) Palgrave Enterprises Limited Palgrave Enterprises Limited 1,200 (6) 18,351,112 V-7

(7) Medford Global Limited Medford Global Limited15,883,256 (8) Medford Global Limited Medford Global Limited 50,822,771 (9) Medford Global Limited Medford Global Limited 2,757,677 (10) Grand Fiesta Limited Grand Fiesta Limited18,466,280 (11) Grandtel Limited Grandtel Limited 1,615,903 V-8

(12) Mercci Limited Mercci Limited 1,318,960 (13) Clover Star International Limited Clover Star International Limited 1,338,858 (14) Medford Global Limited Medford Global Limited 30,000,000 (15) Medford Global Limited Medford Global Limited 15,883,256 (16) Medford Global Limited Medford Global Limited 50,854,023 (17) Medford Global Limited Medford Global Limited 2,757,677 (18) Interfusion Limited Interfusion Limited 2,298,011 (19) Interfusion Limited Interfusion Limited 31,522 (20) Grand Fiesta Limited Grand Fiesta Limited 18,492,172 V-9

(21) Grandtel Limited Grandtel Limited 1,615,903 (22) Grandtel Limited Grandtel Limited 31,252 (23) Mercci Limited Mercci Limited 1,339,938 (24) Clover Star International Limited Clover Star International Limited1,345,438 (25) Medford Global Limited Medford Global Limited 30,000,000 V-10

(26) Macmillan Equity Limited Macmillan Equity Limited217 124,649,191 (27) 150 Interfusion Limited Interfusion Limited 1 (28) Interfusion Limited Interfusion Limited 50 Interfusion Limited 2,381,908.15 (29) Macmillan Equity Limited Macmillan Equity Limited (30) Macmillan Equity Limited Macmillan Equity Limited G. 10. (31) V-11

2. (a) 35 10438877 33 8009265 33 5531785 33 5835039 33 7225010 35 7519828 33 17994967 35 10438874 33 11324536 33 8833120 35 13974433 33 7225011 V-12

33 3400401 33 8833132 33 17994968 33 5531784 33 8009267 33 10438847 33 13974269 35 13974270 33 11913160 33 3645345 V-13

33 5111552 32 8833126 33 12708520 33 13974271 33 13974273 33 3645342 33 11913178 33 3400402 35 11197272 33 17994969 33 11197201 33 12468741 V-14

33 11411658 33 11913092 33 10438834 33 12468698 33 10992480 33 12405116 33 12468707 33 8833124 35 13974274 33 13974275 33 5835038 33 12708510 33 13275263 V-15

35 11197262 33 1429976 33 16713277 33 3220853 35 13974272 35 12627727 33 10438841 33 16713276 33 12627611 33 11197209 33 7458150 35 7519829 V-16

35 7519830 35 7519831 33 7458747 33 7458151 40 300338517 33 40 302159730 33 40 302159749 33 40 302159758 33 40 302217564 33 40 302217573 V-17

33 40 302217582 33 302756016 33 302756025 33 302756034 33 302756052 33 302826135 33 302913246 33 302913273 33 302913282 33 35 304296268 V-18