untitled

2 4 7 8 38 39 46 47 56 2007-2008 1

2007 40.8% 2006 2009 Best Practice Management Group 2007 MerComm, Inc. 2007 International Questar Awards 2007 () 2

2008 2007 12 2008 MerComm, Inc. 21 Mercury Awards 182007/08 Plus 2007-2008 3

2008 6 30 2008 6 30 0.55 20070.25 0.25 2007 12 31 50% 24%10.148 33%2008 6 30 2006 10.7%2007 11%2008 10 2012 2007 12 2007 122009 2008 35%300 2008 4

2009 2008 350%2007 6 40% 362% 2006 5002006 11 2007-2008 5

2008 1 26 2008 500 2008 3 17 6

8 37 2007 12 31 34 34 2410 34 2008 3 17 2007-2008 7

2007 12 31 8 37 12 31 2007 2006 3 9,367.8 6,902.7 (8,151.4) (6,321.3) 1,216.4 581.4 4 287.9 76.6 (693.7) (367.6) 4 810.6 290.4 (169.2) (118.8) 267.9 248.5 3(a)(i) 1,605.4 545.9 2,514.7 966.0 5 (142.6) (40.4) 2,372.1 925.6 2,225.4 912.2 146.7 13.4 2,372.1 925.6 6 1,116.5 500.0 7 1.10 0.47 1.10 0.46 8

2007 2007 12 31 6 30 8 1,103.3 1,103.3 9 1,981.8 1,957.1 10 98.2 99.1 495.1 499.0 11 4,650.9 4,103.8 14,112.6 10,787.5 12 1,005.1 623.3 300.6 229.2 23,747.6 19,402.3 215.8 151.1 13 10,439.1 14,692.1 14 410.3 246.9 15 3,361.9 2,042.4 16 126.4 126.4 3,663.2 3,120.8 18,216.7 20,379.7 41,964.3 39,782.0 17 2,014.8 2,014.2 18 16,107.7 14,577.9 18 604.4 18 1,116.5 19,239.0 17,196.5 1,250.9 1,002.0 20,489.9 18,198.5 19 6,270.8 3,937.9 834.3 683.8 7,105.1 4,621.7 20 11,761.0 9,030.3 198.3 183.8 19 2,410.0 7,747.7 14,369.3 16,961.8 21,474.4 21,583.5 41,964.3 39,782.0 3,847.4 3,417.9 27,595.0 22,820.2 2007-2008 9

2007 12 31 2007 7 1 2,014.2 15,182.3 17,196.5 1,002.0 18,198.5 53.8 53.8 9.4 63.2 (11.1) (11.1) (3.1) (14.2) 338.6 338.6 18.1 356.7 381.3 381.3 24.4 405.7 2,225.4 2,225.4 146.7 2,372.1 2,606.7 2,606.7 171.1 2,777.8 (604.4) (604.4) (604.4) (68.4) (68.4) 38.2 38.2 1.1 39.3 0.6 0.6 0.6 1.4 1.4 1.4 153.0 153.0 (7.9) (7.9) 2007 12 31 2,014.8 17,224.2 19,239.0 1,250.9 20,489.9 10

2006 12 31 2006 7 1 1,943.8 12,522.5 14,466.3 387.1 14,853.4 259.5 259.5 259.5 232.0 232.0 13.5 245.5 491.5 491.5 13.5 505.0 912.2 912.2 13.4 925.6 1,403.7 1,403.7 26.9 1,430.6 (394.4) (394.4) (394.4) (8.3) (8.3) 12.7 12.7 12.7 213.2 213.2 213.2 32.1 32.1 32.1 387.2 387.2 387.2 (23.9) (23.9) (23.9) 0.2 0.2 0.2 0.6 0.6 0.6 0.2 0.2 2006 12 31 1,988.8 14,108.9 16,097.7 405.9 16,503.6 2007-2008 11

12 31 2007 2006 235.7 243.3 (2,298.3) 201.4 2,641.2 (568.0) 578.6 (123.3) 7 1 3,040.8 2,421.3 31.5 20.1 12 31 3,650.9 2,318.1 3,663.2 2,318.1 (12.3) 3,650.9 2,318.1 12

1. Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda (a) (b) 2008 3 17 2. 34 16 2007 2007 2007 12 312008 6 30 1 7 10 11 2 1 7 2007-2008 13

2. 2008 1 1 2009 6 30 12 13 14 19 2010 6 30 1 23 8 3. 12 31 2007 2006 3.1 10.5 131.4 119.9 452.8 454.0 1,382.1 1,222.1 6,438.3 5,054.9 922.7 8.1 37.4 33.2 9,367.8 6,902.7 14

3. (a) 2007 12 31 3.1 131.4 452.8 1,382.1 6,438.3 922.7 37.4 9,367.8 0.2 53.5 469.7 5.7 3.0 (532.1) 3.1 131.4 453.0 1,435.6 6,908.0 928.4 40.4 (532.1) 9,367.8 7.5 68.1 6.4 116.5 95.0 113.4 390.5 4.3 801.7 1.9 76.9 78.8 2.4 2.4 (72.3) 810.6 (169.2) 25.2 (5.2) 124.6 46.6 31.3 45.4 267.9 27.4 308.6 103.4 114.2 0.2 (2.2) 1,053.8 (i) 1,605.4 2,514.7 (142.6) 2,372.1 1.0 4.9 31.8 14.4 17.9 6.3 76.3 0.4 45.6 13.3 15.0 18.4 13.1 4.4 110.2 0.1 0.6 0.2 0.9 3.9 3.9 2007 12 31 37.8 1,833.9 0.3 1,532.9 1,023.9 5,527.8 7,599.0 161.9 17,717.5 326.7 445.6 1,903.5 1.2 903.2 341.3 729.4 4,650.9 693.2 4,396.1 2,006.7 2,303.2 10.9 80.5 2.6 4,619.4 14,112.6 5,483.3 41,964.3 5.6 872.1 0.4 293.0 510.3 5,370.9 4,536.6 15.2 11,604.1 9,870.3 21,474.4 (i) 10.148 2007-2008 15

3. (a) 2006 12 31 10.5 119.9 454.0 1,222.1 5,054.9 8.1 33.2 6,902.7 0.3 55.7 291.4 7.2 2.3 (356.9) 10.5 119.9 454.3 1,277.8 5,346.3 15.3 35.5 (356.9) 6,902.7 2.4 61.7 6.5 132.6 91.0 61.0 6.3 2.0 363.5 (73.1) 290.4 (118.8) 17.8 (8.1) 160.6 0.1 37.2 40.9 248.5 23.1 253.3 80.6 108.0 0.1 27.8 53.0 545.9 966.0 (40.4) 925.6 0.3 0.5 10.4 16.7 33.3 0.2 4.5 65.9 0.6 43.7 11.8 16.8 20.5 0.2 5.4 99.0 0.1 0.3 0.2 0.6 2007 6 30 67.1 1,647.4 1,341.5 714.9 5,521.4 11,076.5 128.7 20,497.5 300.5 422.9 1,656.2 1.2 870.5 364.4 488.1 4,103.8 589.0 3,988.0 1,774.4 2,043.9 10.1 89.8 3.0 2,289.3 10,787.5 4,393.2 39,782.0 4.1 677.2 0.4 305.6 460.9 4,770.8 3,005.1 15.6 9,239.7 12,343.8 21,583.5 16

3. (b) 2007 2007 12 31 12 31 3(b)(i) 5,375.8 649.7 57.3 13,062.0 796.1 75.7 6.2 2,655.1 3,192.5 73.2 12.8 1,991.7 3.4 3.1 8.7 9,367.8 801.7 76.3 17,717.5 2007 2006 12 31 6 30 3,983.8 226.7 51.6 16,842.8 918.9 87.8 14.3 2,223.2 1,999.6 47.7 1,425.6 0.4 1.3 5.9 6,902.7 363.5 65.9 20,497.5 (i) 2007 2007 12 31 12 31 3.3 452.8 116.5 4.9 1,530.9 1,326.1 92.8 27.8 966.3 2,658.7 39.1 0.7 2,806.8 919.8 388.0 17.9 7,596.1 18.4 10.0 6.0 161.9 5,375.8 649.7 57.3 13,062.0 2007-2008 17

3. (b) (i) 2007 2006 12 31 6 30 1.2 454.0 132.6 10.4 1,341.5 1,179.6 85.4 6.3 658.8 2,324.7 (6.8) 30.3 3,637.4 7.7 5.8 0.2 11,076.4 17.8 8.5 4.4 128.7 3,983.8 226.7 51.6 16,842.8 18

4. 12 31 2007 2006 21.6 21.2 (5.1) (5.3) 16.5 15.9 16.1 13.6 225.0 2.1 482.6 31.9 3.9 10.1 3.1 2.4 12.9 36.2 3.6 16.7 112.6 40.8 18.2 12.4 1.1 12.8 78.8 9.0 7.0 287.9 76.6 390.5 365.3 110.2 99.0 0.9 0.6 3.9 1.3 1.9 50.8 32.6 150.4 2007-2008 19

5. 17.5% 2006 17.5% 3% 33% 2006 3% 33% 2007 3 16 25%2008 1 1 2007 12 6 2007 12 31 12 31 2007 2006 102.8 32.0 15.6 14.7 24.2 (6.3) 142.6 40.4 6,6802006 4,670 3.3512006 8,610 6. 12 31 2007 2006 0.55 2006 0.25 1,116.5 500.0 20

7. 12 31 2007 2006 2,225.4 912.2 3.2 (0.5) 2,224.9 915.4 2007 2006 2,014,615,293 1,958,495,305 5,598,382 1,775,913 28,645,840 2,020,213,675 1,988,917,058 8. 2007 7 12007 12 31 1,103.3 2007 12 31 2007 12 31 2007-2008 21

9. 2007 7 1 152.9 1,944.8 11.8 1,649.8 3,759.3 0.2 89.6 0.2 3.5 93.5 76.3 76.3 (9.5) (17.7) (27.2) (6.3) (1.8) (8.1) 2007 12 31 143.6 2,034.4 5.7 1,710.1 3,893.8 2007 7 1 29.0 539.2 7.2 1,226.8 1,802.2 25.0 1.7 26.7 1.6 45.6 0.4 62.6 110.2 (5.9) (14.8) (20.7) (5.4) (1.0) (6.4) 2007 12 31 24.7 609.8 2.2 1,275.3 1,912.0 2007 12 31 118.9 1,424.6 3.5 434.8 1,981.8 2007 6 30 123.9 1,405.6 4.6 423.0 1,957.1 10. 2007 7 1 2007 12 31 139.8 2007 7 1 40.7 0.9 2007 12 31 41.6 2007 12 31 98.2 2007 6 30 99.1 22

11. 2007 12 31 4,5502006 2007 12 31 7.2942007 6 30 4.055 12. 2007 12 31 2007 6 30 524.3 340.8 441.8 243.5 39.0 39.0 1,005.1 623.3 524.3 340.8 2007 12 31 2007 6 30 33.3 33.3 213.0 74.2 719.8 476.8 29.0 29.0 10.0 10.0 1,005.1 623.3 2007-2008 23

13. 2007 2007 12 31 6 30 13(a) 2,621.8 8,118.4 13(b) 1,234.0 1,192.3 77.7 77.7 405.0 506.3 13(c) 2,816.3 2,205.6 3,042.3 2,322.6 91.5 68.9 150.5 200.3 10,439.1 14,692.1 (a) 2007 2007 12 31 6 30 13(a)(i) 683.6 6,215.6 1,938.2 1,902.8 2,621.8 8,118.4 (i) 2007 6 30 24

13. (a) (ii) 2007 12 31 2007 6 30 2,344.7 7,803.5 91.3 104.0 185.8 210.9 2,621.8 8,118.4 (b) (c) 2007 12 31 176.902 2007 6 30159.422 14. 2007 12 31 2007 6 30 202.0 111.9 66.1 9.7 268.1 121.6 74.3 54.7 67.9 70.6 142.2 125.3 410.3 246.9 268.1 121.6 2007-2008 25

14. 2007 12 31 2007 6 30 99.1 73.5 243.3 102.8 67.9 70.6 410.3 246.9 15., 16. 1.264 2007 6 30 1.264 17. 2007 6 302007 12 31 2,400,000,000 2,400.0 2007 7 1 2,014,245,435 2,014.2 515,996 0.6 2007 12 31 2,014,761,431 2,014.8 26

17. 2001 12 6 2003 3 122006 11 24 2003 3 12 10%1,780,759,001 2007 7 1 1,480,167 (515,996) 29,694,000 2007 12 31 30,658,171 2003 7 21 3.725 41,497,000 2008 7 21 2007 8 21 16.200 29,694,000 2012 8 21 2003 7 21 3.7112007 12 31 2007-2008 27

18. 2007 7 1 9,630.0 282.3 211.5 524.1 4,534.4 15,182.3 2,225.4 2,225.4 (604.4) (604.4) 20.9 20.9 32.9 32.9 (11.1) (11.1) 59.4 59.4 82.1 82.1 197.1 197.1 36.7 36.7 1.5 1.5 1.4 1.4 0.7 (1.4) 0.7 2007 12 31 9,632.1 319.1 254.2 862.7 6,156.1 17,224.2 2007 12 31 9,632.1 319.1 254.2 862.7 5,039.6 16,107.7 2008 1,116.5 1,116.5 9,632.1 319.1 254.2 862.7 6,156.1 17,224.2 28

19. 2007 12 31 2007 6 30 6,270.8 3,937.9 1,161.6 1,287.4 564.4 629.6 641.9 5,732.3 42.1 98.4 2,410.0 7,747.7 8,680.8 11,685.6 2007 7 1 11,685.6 (7,529.9) 4,525.1 2007 12 31 8,680.8 2007-2008 29

20. 2007 2007 12 31 6 30 20(a) 5,128.5 3,473.0 881.4 817.3 171.0 35.1 1,072.6 798.7 117.0 49.0 48.6 3,788.3 3,701.1 604.4 9.9 2.7 55.9 36.8 11,761.0 9,030.3 (a) 2007 2007 12 31 6 30 20(a)(i) 4,305.3 2,811.4 20(a)(ii) 823.2 661.6 5,128.5 3,473.0 (i) 30

20. (a) (ii) 2007 12 31 2007 6 30 729.1 566.1 29.8 32.9 64.3 62.6 823.2 661.6 21. 2007 12 31 39.0 39.0 52.5 15.4 67.9 2,816.3 2,816.3 3,361.9 3,361.9 2,279.6 1,383.6 3,663.2 8,457.8 1,383.6 52.5 54.4 9,948.3 1,283.5 1,126.5 6,270.8 8,680.8 3,932.6 333.3 4,265.9 3,932.6 1,616.8 1,126.5 6,270.8 12,946.7 2007-2008 31

21. 2007 6 30 10.0 29.0 39.0 54.6 16.0 70.6 2,205.6 2,205.6 2,042.4 2,042.4 1,907.9 1,212.9 3,120.8 6,155.9 1,212.9 54.6 26.0 29.0 7,478.4 6,458.9 1,288.8 3,937.9 11,685.6 2,617.6 95.5 2,713.1 2,617.6 6,554.4 1,288.8 3,937.9 14,398.7 22. (a) 2007 2007 12 31 6 30 1.3 3.8 278.5 210.0 22(a)(i) 1,014.6 1,451.2 22(a)(i) 1,132.6 2,427.0 1,665.0 32

22. (a) (i) 21.4722007 6 3014.512 (b) 2007 12 31 2007 6 30 435.8 312.7 98.8 82.9 2.1 515.6 187.0 143.6 723.7 1,054.8 (c) 2007 12 31 2007 6 30 62.7 66.4 83.9 89.2 21.9 25.6 168.5 181.2 6.7 8.4 5.3 7.3 180.5 196.9 2007-2008 33

22. (d) 2007 12 31 2007 6 30 10.1 9.8 3.0 7.5 13.1 17.3 23. (a) 2007 12 31 2007 6 30 11.9 11.9 516.5 1,040.5 55.0 55.0 583.4 1,107.4 (b) 7,140 (2007 6 307,060 34

24. 2007 6 30 Success Concept Investments LimitedSCI 50% 51% 2007 7 301.336SCI 30% SCI SCI 104.3 29.3 2.5 136.1 136.1 584.8 584.8 0.9 0.9 1.7 1.7 (1.6) (1.6) (36.2) (36.2) (82.0) (82.0) 467.6 467.6 (331.5) 136.1 106.8 (1.7) 105.1 2007-2008 35

25. (a) 12 31 2007 2006 25(a)(i) 25(a)(ii) 605.9 296.9 25(a)(iii) 18.7 15.9 25(a)(iv) 5.7 8.4 25(a)(v) 12.6 6.7 25(a)(vi) (6.1) (4.3) 25(a)(i) 25(a)(ii) 930.5 690.3 25(a)(iii) 91.9 71.0 25(a)(vi) (25.7) (11.1) (i) (ii) (iii) (iv) (v) (vi) 36

25. (b) 12 31 2007 2006 1.3 1.2 20.3 14.4 1.0 0.8 22.6 16.4 (c) 41.0722007 6 3027.934 3.7662007 6 303.949 6.1642007 6 306.135 8,9102007 6 30 2.025 (d) 2007 12 31 2007 6 30 4.1 4.2 3 420 26. 2007-2008 37

2008 4 14 2008 6 30 0.55 0.55 2008 5 8 2008 4 9 2008 4 14 2008 4 8 28 26 38

22.25 9.122 13.13 144% 11.19 24% 13.856.926 5.970 16%5.215 33% 6.928 10.15 7,880 12 31 2007 2006 692.6 597.0 692.8 521.5 1,385.4 1,118.5 1,014.8 44.3 3.6 78.8 2.4 (35.1) 26.1 28.6 (161.5) (112.8) (129.8) (125.7) 840.0 (206.3) 2,225.4 912.2 46% 42%45% 9% 48% 10% 0.47 134% 1.10 2007-2008 39

2007 12 31 37.902007 6 30 32.47 2007 6 3084.3842% 2007 12 3148.91 2007 6 56.44 2007 12 31 2007 6 3046%2007 12 3124% 2007 7 2007 6 3015% 2007 12 3130% 70%2007 6 30 39% 61% 2007 12 312007 6 30116.8686.81 2007 6 3039.382007 12 3162.7120.30 2007 12 31 5.644 2007 12 31 2007 12 31 24.272007 6 3016.65 2007 12 3121.472007 6 3014.51 2007 12 312.7982007 6 302.138 2007 12 317.2372007 6 3010.55 2007 12 31 5.834 2007 6 30 11.07 2007 12 311,1905.165 5,500 2007 6 30 1,190 10.415,500 2007 12 31 7,140 2007 6 30 7,060 2007 12 3143,000 24,000 15.492006 10.47 40

16% 6.926 5.970 12 31 2007 2006 363.7 285.0 28 207.0 214.0 (3) 62.5 56.0 12 59.4 42.0 41 692.6 597.0 16 3.637 7,870 28% 6% 8,650 20% 23% 6%8% 2007 7 1% 2007 829% 4% 76% 2007 731% 6%3% 2007-2008 41

2.140 3% 2.070 3% 22% 19% 8%27% 2006 12 5% 2007 610 5,600 6,250 65012% 9% 8% 4,200 41% 5,940 6% 40.3 2007 2 5% 57.7 102.9 70%240 42

6.9281.71333%2007 6 8 61.3% 12 31 2007 2006 212.3 222.5 (5) 138.8 110.1 26 214.6 46.5 362 127.1 142.4 (11) 692.8 521.5 33 2.123 5% 696, 330 2006 820091.94 8.34 98% 2007-2008 43

1.388 26% 2007 12 31 330 2007 12 31 531421% 79% Tricor Holdings LimitedTricor2007 6 8 61.3% 2007 2007 Tricor 30% Tricor 44

4,160 26% 3.5% 30% 2007 8 2008 1 13.9 2007-2008 45

2007 12 31 41.07 5.284 10.15 14.07(1) 13.8% 2.5506% 10% 1.0770.6% 1,390 1.621 2009 13.22 2007 12 31 37,840.5 17,115.2 15,858.6 6,741.4 (11,984.0) (4,868.8) (15,142.8) (7,481.3) 26,572.3 11,506.5 2007 12 31 46

2007 12 31 A.5.4 E.1.214 A.5.4 10 43,000 E.1.2 2007 11 26 2007-2008 47

2007 12 31XV 352 (a) 2007 12 31 1.00 9,179,199 587,000 (1) 8,000,000 (2) 17,766,199 0.88% 2,006,566 9,130,000 (3) 11,136,566 0.55% 528,991 10,254,321 (4) 10,783,312 0.54% 120,000 120,000 0.01% 3,030,000 3,030,000 0.15% 991,191 5,072 (5) 996,263 0.05% 980,386 980,386 0.05% 301,343 (6) 301,343 0.01% 557,248 557,248 0.03% 608,757 608,757 0.03% 720,148 720,148 0.04% 1.00 300,000 (1) 300,000 0.01% 142,970 142,970 0.00% 150,000 150,000 0.00% 62,200 62,200 0.00% 30,000 30,000 0.00% 0.10 12,500,000 1,000,000 (1) 52,271,200 (2) 65,771,200 1.72% 8,750,000 66,190,000 (3) 74,940,000 1.96% 1,250,000 1,250,000 0.03% 2,136,400 2,136,400 0.06% 180,000 180,000 0.00% 3,000,000 (7) 3,000,000 30.00% 48

(a) 2007 12 31 HH Holdings Corporation 1.00 15,000 15,000 2.50% Master Services Limited 0.01 16,335 16,335 1.63% 44,915 44,915 4.49% 1.00 3,710 (2) 3,710 34.61% New World Hotel Management (BVI) Limited 1.00 55 (6) 55 5.50% 1.00 250 (3) 250 25.00% 229,500,000 (7) 229,500,000 30.00% 0.10 300,000 300,000 0.04% (1) (2) (3) (4) 50% (5) (6) (7) 2007-2008 49

(b) (i) 2007 2007 7 1 12 31 2007 8 21 (1) 3,000,000 3,000,000 16.20 2007 8 21 (1) 2,000,000 2,000,000 16.20 2007 8 21 (1) 2,000,000 2,000,000 16.20 2007 8 21 (1) 1,500,000 1,500,000 16.20 2007 8 21 (1) 1,500,000 1,500,000 16.20 2007 8 21 (1) 1,500,000 1,500,000 16.20 2007 8 21 (1) 1,500,000 1,500,000 16.20 2007 8 21 (1) 1,500,000 1,500,000 16.20 2007 8 21 (1) 300,000 300,000 16.20 2007 8 21 (1) 300,000 300,000 16.20 2007 8 21 (1) 300,000 300,000 16.20 2007 8 21 (1) 600,000 600,000 16.20 2007 8 21 (1) 600,000 600,000 16.20 2007 8 21 (1) 600,000 600,000 16.20 (1) 40%2008 8 212012 8 20 60% 2009 8 212010 8 21 2011 8 21 2012 8 20 (2) 10 50

(b) (ii) 2007 2007 7 1 12 31 2007 3 19 2007 3 19 36,500,000 36,500,000 17.756 2012 3 18 10 (iii) 2007 2007 7 1 12 31 2007 11 27 (1) 1,000,000 1,000,000 8.66 (1) 2008 11 272009 11 272010 11 272011 11 272012 11 272013 11 26 (2) 1 2007-2008 51

(b) (iv) 2007 2007 7 1 12 31 2007 7 9 2008 7 9 330,000 330,000 3.39 2011 7 8 XV 352 (a) (i) (ii) 2007 2007 7 1 12 31 2003 7 21 (1) 1,480,167 515,996 (3) 964,171 3.711 2007 8 21 (2) 12,494,000 (4) 12,494,000 16.200 52

(a) (1) 2004 1 21 2004 7 21 2005 7 21 2008 7 20 (2) 40%2008 8 212012 8 20 60% 2009 8 212010 8 21 2011 8 21 2012 8 20 (3) 16.932 (4) 2007 8 21 15.70 (5) 10 16.205.23 4.13%46.52% 4.90% (b) 2002 8 23 2007 2007 7 1 12 31 2003 9 5 (1) 1,300,000 650,000 (4) 650,000 1.20 2006 2 10 (2) 2,000,000 450,000 (5) 1,550,000 0.94 2007 12 1 (3) 28,700,000 (6) 28,700,000 6.09 (1) 2004 3 52009 3 4 (2) 2006 8 10 2014 8 9 (3) 2008 6 12016 5 31 (4) 5.63 (5) 5.32 (6) 2007 12 15.69 (7) 1 2007 12 311,611 0.56 2007 12 31 268.5 2007-2008 53

(b) 2007 12 31 % 7.03 % 43.61 % 43.61 % 1.21 1 5.69 2007 12 31 336 5% 2007 12 31 Cheng Yu Tung Family (Holdings) Limited (1) 1,204,205,541 1,204,205,541 59.77% Centennial Success Limited (2) 1,204,205,541 1,204,205,541 59.77% (3) 59,831,893 1,144,373,648 1,204,205,541 59.77% (4) 752,360,275 392,013,373 1,144,373,648 56.80% Mombasa Limited 343,513,502 343,513,502 17.05% (1) Cheng Yu Tung Family (Holdings) Limited Centennial Success LimitedCSL51% CSL (2) CSL (3) (4) Mombasa Limited Mombasa Limited Financial Concepts Investment Limited 1,986,513 Hing Loong Limited 14,857,756 Fine Reputation Incorporated 14,857,756 New World Hotels Corporation Limited 13,604,776 3,193,070 (5) 54

2007 12 31 336 2008 3 17 2007-2008 55

Clarendon House 2 Church Street Hamilton HM 11 Bermuda 18 28 Butterfield Fund Services (Bermuda) Limited Rosebank Centre 11 Bermudiana Road Pembroke HM08 Bermuda 28 26 22 www.nws.com.hk 56