ANXIAN YUAN CHINA HOLDINGS LIMITED 安賢園中國控股有限公司 於百慕達註冊成立之有限公司 (股份代號: 0922) 2019 中期報告 www.anxianyuanchina.com * 僅供識別

2 3 7 14 15 16 18 20 21 51 1 2019

Clarendon House 2 Church Street Hamilton HM 11, Bermuda 77 1215 MUFG Fund Services (Bermuda) Limited The Belvedere Building 69 Pitts Bay Road Pembroke HM08, Bermuda 183 22 00922 10,000 www.anxianyuanchina.com 1 22 2019 2

ISO 2018 9 2018 5 2018 9 3 2019

9,284,000 6,083,000 97,904,000 95,181,0001,031 1,179 3,201,000 2,993,0005,102,000 3,832,0002,034,000 632,929,000689,428,000 56,499,000 65,599,000 5,248,000 81,302,000 38,796,00047,836,000 78,468,000 36,525,000 160,645,000226,424,000 100,000,000 25%True Promise Investments Limited True Promise 73.5%True Promise 50,000,00016,000,000 34,000,000 0.42 0.42 2019 4

1212 253301 18,965,00021,070,00058,000 67,000 5 2019

10 0.101 1.00 0.90 1.00 0.10 1.00 10 0.10 20,00010,000 2019 6

14 15 XV XV7 8 352 0.1 2 22,178,000 2.99% 180,000,000 24.31% 1 12,200,000 1.65% 2,800,000 0.38% 1. 180,000,000 Master Point Overseas LimitedMaster Point Overseas Limited Master Point Overseas Limited180,000,000 2. 740,545,260 XV352 7 2019

336 XV2 3 5% 0.1 2 Master Point Overseas Limited 180,000,000 24.31% 1 44,644,000 6.03% 40,000,000 5.40% 1. Master Point Overseas Limited Master Point Overseas Limited 2. 740,545,260 XV2 3 336 2019 8

16,000,000 (16,000,000) 0.604 3,000,000 (3,000,000) 0.435 10,000,000 (10,000,000) 0.138 5,000,000 (5,000,000) 0.138 43,000,000 (43,000,000) 0.138 43,000,000 (43,000,000) 0.138 9 2019

43,000,000 (43,000,000) 0.138 5,000,000 (5,000,000) 0.138 5,000,000 (5,000,000) 0.138 173,000,000 (173,000,000) 2,000,000 (2,000,000) 0.604 500,000 (500,000) 0.435 1,200,000 (1,200,000) 0.415 3,700,000 (3,700,000) 20,000,000 (20,000,000) 0.435 45,000,000 (45,000,000) 0.415 66,162,260 (66,162,260) 0.101 70,000,000 (70,000,000) 0.138 201,162,260 (201,162,260) 377,862,260 (377,862,260) 2019 10

10%12 1%12 1% 30% 1.0028 (i) (ii) 11 2019

13.51B(1) 13.51B(1) (i) (ii) 706 3.10(1) 3.21 3.10(1) 3.21 3.11 3.23 3.10(1) 3.21 2019 12

A.1.1 A.1.1 A.1.1 14 13 2019

5 97,904 95,181 (29,017) (22,462) 68,887 72,719 5 522 1,294 (9,049) (9,248) (41,362) (39,328) 7 (4,669) (9,771) 63 6 14,392 15,666 9 (5,108) (9,583) 9,284 6,083 9,180 5,752 104 331 9,284 6,083 11 1.24 0.83 11 1.24 0.83 2019 14

9,284 6,083 (65,599) 29,305 (65,599) 29,305 (56,315) 35,388 (51,815) 32,987 (4,500) 2,401 (56,315) 35,388 15 2019

12 114,791 125,172 74 243 13 441,274 485,877 12,701 13,948 4,398 4,764 2,273 2,496 14 230,288 261,268 805,799 893,768 15 241,202 235,351 16 238 1,559 17 8,316 13,590 38,796 47,836 288,552 298,336 18 37,383 29,817 19 34,746 41,958 20 3,256 20 3,491 21 78,468 36,525 28 924 15,628 17,693 169,509 130,408 119,043 167,928 924,842 1,061,696 2019 16

21 160,645 226,424 20 13,361 20 14,738 117,907 131,106 291,913 372,268 632,929 689,428 22 74,055 740,545 512,711 (101,964) 586,766 638,581 46,163 50,847 632,929 689,428 17 2019

* * * * * * * 740,545 145,849 21,968 13,004 31,957 (11,458) (303,284) 638,581 50,847 689,428 9,180 9,180 104 9,284 (60,995) (60,995) (4,604) (65,599) (60,995) 9,180 (51,815) (4,500) (56,315) 22(i) (666,490) 189,490 477,000 (184) (184) (21,968) 21,968 3,016 (3,016) 74,055 145,849 189,490 16,020 (29,038) (11,458) 201,848 586,766 46,163 632,929 * 2019 18

* * * * * * * 543,445 229,394 24,367 67,073 9,934 (34,902) (11,458) (318,989) 508,864 45,411 554,275 5,752 5,752 331 6,083 27,235 27,235 2,070 29,305 27,235 5,752 32,987 2,401 35,388 1,085 (1,085) 543,445 229,394 24,367 67,073 11,019 (7,667) (11,458) (314,322) 541,851 47,812 589,663 19 2019

5,477 695 (5,822) (12,574) (4,903) (69,423) (5,248) (81,302) 47,836 110,140 (3,792) 2,168 38,796 31,006 38,796 31,006 2019 20

1. Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda77 1215 2.1 34 2.2 15 15 1811 15 21 2019

2.2 15 15 15 15 3 (a) (b) (c) 15 15 15 (a) (b) (c) (d) 15 15 2019 22

2.2 15 15 18 15 3,491 (3,491) * 3,491 3,491 14,738 (14,738) * 14,738 14,738 * 15 15 15 3,256 3,256 3,256 (3,256) 13,361 13,361 13,361 (13,361) 23 2019

2.2 9 939 (1)(2)(3) 9 (i) 9 39 39 9 9 9 15 (i) (ii) (iii) 9 (i) (ii) 9 2019 24

2.2 9 (i) 39 9 39 9 39 9 (a) 2,496 2,496 (b) 1,559 1,559 (b) 10,075 10,075 (b) 47,836 47,836 61,966 61,966 (a) 9 39 (b) 25 2019

2.2 9 (i) 9 (ii) 939 9 939 9(1)12 12(2) 9 12 9 2019 26

2.2 9 (iii) 9 (iv) 98 2.3 16 1 1 23 1223 1 1 3,633,000 16 16 16 27 2019

3. 2.2159 4. 1,818 550 801,708 890,722 803,526 891,272 10% 2019 28

5. 97,904 95,181 86,901 84,550 1,475 1,398 9,382 8,787 146 446 97,904 95,181 96,429 1,475 97,904 95 188 135 106 118 1,000 174 522 1,294 29 2019

6. 20,403 15,948 3,679 2,063 8 16,837 18,058 13 * 1,191 1,446 14 * 3,744 3,010 599 641 12 5,283 4,713 153 150 (399) (72) 1,852 2,011 * 7. 10,746 16,130 (6,077) (6,359) 4,669 9,771 2019 30

8. 383(1)(a) (b) (c) (f)2 170 225 1,940 2,760 18 27 1,958 2,787 2,128 3,012 31 2019

8. (a) 60 (i) 60 (ii) 50 170 60 (i) 45 (ii) 60 (iii) 60 225 2019 32

8. (b) 780 780 500 9 509 600 9 609 1,880 18 1,898 60 60 1,940 18 1,958 780 780 660 9 669 600 9 609 (iv) 600 9 609 2,640 27 2,667 60 60 (iii) 60 60 120 120 2,760 27 2,787 (i) (ii) (iii) (iv) 33 2019

9. 25% 25% 8,101 7,621 (2,993) 1,962 5,108 9,583 10. 2019 34

11. 740,545,000 693,445,000 9,180 5,752 2,873 5 (1,000) 9,180 7,625* 35 2019

11. 740,545 693,445 4,208 740,545 697,653* 22 * 5,752,000693,445,000 2019 36

12. 132,339 11,446 11,808 1,178 156,771 2,606 271 2,700 316 5,893 (307) (1,002) (517) (1,826) (11,836) (979) (915) (59) (13,789) 123,109 10,431 12,591 918 147,049 (18,317) (4,792) (7,412) (1,078) (31,599) (3,515) (615) (1,105) (48) (5,283) 307 972 517 1,796 1,767 411 597 53 2,828 (20,065) (4,689) (6,948) (556) (32,258) 114,022 6,654 4,396 100 125,172 103,044 5,742 5,643 362 114,791 37 2019

12. 99,633 6,406 12,248 1,099 119,386 22,323 4,401 328 16 27,068 (378) (1,920) (2,298) 10,761 639 1,152 63 12,615 132,339 11,446 11,808 1,178 156,771 (10,883) (2,673) (6,202) (987) (20,745) (6,189) (1,779) (1,949) (40) (9,957) 270 1,409 1,679 (1,515) (340) (670) (51) (2,576) (18,317) (4,792) (7,412) (1,078) (31,599) 88,750 3,733 6,046 112 98,641 114,022 6,654 4,396 100 125,172 2019 38

13. 458,371 49,506 507,877 507,877 (45,423) 462,454 (16,932) (3,071) (1,997) (22,000) (22,000) (1,191) 2,011 (21,180) 485,877 441,274 39 2019

14. 25,190 232,450 257,640 21,312 21,312 (569) (8,291) (8,860) 2,721 26,000 28,721 27,342 271,471 298,813 27,342 271,471 298,813 540 540 (127) (4,015) (4,142) (2,445) (25,002) (27,447) 24,770 242,994 267,764 (547) (27,236) (27,783) (513) (5,931) (6,444) 95 174 269 (89) (3,498) (3,587) (1,054) (36,491) (37,545) (1,054) (36,491) (37,545) (248) (3,496) (3,744) 22 271 293 104 3,416 3,520 (1,176) (36,300) (37,476) 26,288 234,980 261,268 23,594 206,694 230,288 2019 40

15. 241,202 235,351 218,756,000195,237,000 16. 30365 60 777 61 90 238 401 91 180 381 238 1,559 41 2019

16. 238 1,559 17. 2,379 3,515 5,937 10,075 8,316 13,590 4,546,000 4,000,000 2019 42

18. 90 11,794 5,289 91 180 4,689 6,248 181 365 15,982 9,521 1 4,918 8,759 37,383 29,817 90365 19. 5,060 8,355 24,331 23,569 5,355 10,034 34,746 41,958 43 2019

20. 15,812 3,740 (2,873) 1,550 18,229 18,229 1,439 (1,475) (1,576) 16,617 3,256 3,491 13,361 14,738 16,617 18,229 2019 44

21. (%) (a) 5.24 6.53 5,682 (b) 4.90 6.47 16,058 (c) 15.00 34,000 (d) 6.57 11,364 (e) 24.00 11,364 78,468 (b) 4.90 160,645 239,113 45 2019

21. (%) (a) 5.08 6,240 (b) 4.90 6.47 17,635 9.07 170 (e) 24 12,480 36,525 (b) 4.90 6.47 176,424 (c) 15 50,000 226,424 262,949 2019 46

21. 21,740 23,875 26,763 29,391 133,882 147,033 182,385 200,299 56,728 12,650 50,000 56,728 62,650 239,113 262,949 (a) (b) (c) 25%True Promise Investments Limited True Promise 73.5%True Promise (d) (e) (f) (c) 47 2019

22. 740,545,000 7,405,453,000 74,055 740,545 7,405,453 740,545 (i) (6,664,908) (666,490) 740,545 74,055 (i) 10 0.101 1.00 0.90 1.00 0.10 477,000,000189,490,000 2019 48

23. 9,091 9,984 12,929 1,291 22,020 11,275 24. (a) (i) 915 448 (i) 354 48 (ii) 3,400 5,666 (i) 14A14A.76(1)(c) (ii) 21(c) 14A.90 21 49 2019

24. (b) (i) 28,000924,000 (ii) 34,000,00050,000,00021(c) 15% (c) 8 25. 26. 2019 50

51 2019

571 0.1 % 2019 52