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Transcription:

2016 01106

http://www.sinohaijing.com 183 22 is-ecom@hk.tricorglobal.com 1 2016

3 4-6 7-22 23-38 39-49 50-59 60-67 68-69 70-71 72 73-75 76-162 163 164 2016 2

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 168 200 28 2816 183 22 01106 http://www.sinohaijing.com 3 2016

32 705 600234.SH 48 University of Glamorgan Cardiff Business School A Plus Capital Management Limited 1029 25 37Leeds Metropolitan University 872 8100 2016 4

41 20 600234 1246 39 15 35 4015 8055 5 2016

38 15 8150663 45 Brand Marvel Worldwide Consumer Products Corporation TSXVBMW TSX 63 20 198 1010 329 40 673 3188121 2016 6

565,600,000 499,900,000 13.1% 99,800,000 91,700,0008.8% 18%43,900,00021,900,000 27,900,000 24,200,000 21,600,00043,000,000 7 2016

60,000,00057,600,000 Yong Tai Berhad Yong Tai Yong Tai 150,000,000 200,000,000 354,400,00010% 15% 11,400,000 1,800,000 800,000 2016 8

606,700,000 499,900,00021.4% 39,200,000 65,700,000 137,100,000 91,700,00049.5% 18.3%22.6% 7,600,000 5,100,00049% 1,700,000 84,700,000 208,300,000 Yong Tai 39.44%Yong Tai Yong Tai 27,000,000 16,000,000 9 2016

Master Race 15% 15%5% 27,000,000 15% 20% 15%5% 20% 5% Golden Truth Enterprises Limited Golden Truth 16,000,000 Golden Truth2,600,000 2016 10

Golden Truth Golden Truth 36 Golden Truth Golden Truth Master Race Limited Golden Truth Golden Truth 2,600,000 78,700,000 78.0% 140,100,000 24,100,000 11 2016

25,700,00056,700,000 12,100,00013,600,000 0491 099710891129 Mega Expo Holdings Ltd 1360 12,100,000 116,400,000 KKC Capital High Growth Fund 13,600,000 20,100,000 1,800,000Yong Tai 39,600,000 23,500,00068.5% 80,000,000 10% 5,900,000 115.3% 12,700,000 2016 12

31,100,000 68,000,000 36,900,000 60,000,000 57,600,000 5,700,00022,100,000 21,600,00061,400,000 16,100,000 13.1%60,000,000 57,600,000Yong Tai 11,400,00010% 15% 13 2016

Master Race 20 70 600 530 1,205,00024,800,000 Golden Truth Enterprises Limited 590300,000 4A 0.13 697,000,000 2016 14

150,000,000 Yong Tai 200,000,000 Yong Tai 0.80 1.48 Yong Tai 280,000,000 518,000,000 6,000,000,000 6,000,000,000 58.01% 0.10 Yong Tai Yong Tai Siam Air Transport Co., Ltd. Siam Air49% 300,000,000339,000,000 Siam Air 737-300 737-800(i) (ii) 15 2016

Summer Glitter Limited Super Concise LimitedSuper Concise 900,000,000 900,000,000 Summer Glitter Limited JAA Capital Limited JAA CapitalJet Asia Airways Co., Ltd Jet Asia Jet AsiaJet Asia Jet Asia (i) (ii) (iii) Poon Keng Tat Poon Keng Tat 95% 4,404,000 Poon Keng Tat 99.9% Incola Air Services Limited 2016 16

Arch Partners Holdings Limited Arch Partners 160,000,000 179,200,000 Arch Partners 375,000,00030,000,000,000 6,000,000,0000.0125 788,700,000609,500,000 400,000162,600,000 22,500,000 90,100,000 958,700,000236,000,000 165,900,00099,900,000 360,000,000374,400,000134,400,000 37,700,000 282,400,000 17 2016

374,400,000134,400,000 251,600,000122,800,000 292,900,000 104,700,000 81,500,000 29,700,000 4.79% 24.0% 4.79% 6.40% 4.79% 6.72% 4.79% 6.16% 280,000,000 280,000,00088 80,000,000 10 697,000,000 169,900,000 i) ii)iii) 120,000,000iv) 29,722,000 1,831,400,000866,100,000 996,400,000518,400,000 54.4%59.9% 2016 18

90,610,000 0.13 697,000,000 0.13 10,000,000 0.13 10,000,000 0.10 6,000,000,000 58.01% 0.141582,000,000 0.97Yong Tai 200,000,000 Prosper Talent Limited 200,000,000 19 2016

80,000,000 10% 697,000,000 120,000,000 10% 700,000,000 24 13% 1,348,371,137 313,091,112 13.02% 358,990,124 21,539,000 145,096,048 45,899,0120.1456,655,000 45,899,012 2,754,000 2016 20

6,000,0006% 80,000,00024% 105,600,00013% 80,000,00018% 20,000,000 440340 358,990,124 21,539,000 313,091,112 375,000,00030,000,000,0000.012510,352,800,252 21 2016

17 19 20 22 34 3,200,000 5,300,000 79,200,00087,500,000 280,000,000 280,000,000 2016 22

35 23 2016

2016 24

25 2016

2016 26

A. A1 27 2016

26 2016 28

29 2016

A2 2016 30

A3 B. 31 2016

B1 2016 32

B2 33 2016

B3 2016 34

B4 B5 35 2016

B6 2016 36

B7 37 2016

B8 2016 38

35 34% 74% 30% 78% 5% 23 38 68 69 70 71 147 151 39 2016

163 15 28 29 31 723235(b) 811,971,000 285,782,000 970,990,000 811,971,000 18,785,000 117,000 117,000 177,921,000 85,242,000 2016 40

86(3) 87 41 2016

3.13 47 1,348,371,137 13.02% 1% 30 1 10 2016 42

(i) (ii) (iii) 10 358,990,124 21,539,000145,096,048 45,899,012 45,899,012 573,000 8,836,000 313,091,112 0.145 2.57 43 2016

1 35,899,012 35,899,012 0.145 0.14 2 500,000 500,000 0.145 0.14 3 500,000 500,000 0.145 0.14 4 35,899,012 35,899,012 0.145 0.14 5 35,899,012 35,899,012 0.145 0.14 6 35,899,012 35,899,012 0.145 0.14 7 300,000 300,000 0.145 0.14 8 100,000 100,000 0.145 0.14 9 100,000 100,000 0.145 0.14 145,096,048 145,096,048 10 35,899,012 (35,899,012) 0.145 0.14 0.13 177,995,064 (10,000,000) 167,995,064 0.145 0.14 0.22 358,990,124 (45,899,012) 313,091,112 1 2 3 4 5 6 7 8 9 10 2016 44

33 XV 352 % 35,899,012 1 0.35 35,899,012 1 0.35 500,000 1 0.005 35,899,012 1 0.35 35,899,012 1 0.35 300,000 1 0.002 100,000 1 0.001 100,000 1 0.001 1 45 2016

XV 2 3 XV 2 3 336 % Dragon Ocean Development Limited 830,792,040 8.03 830,792,040 1 8.03 697,000,000 6.74 697,000,000 2 6.74 Prosper Talent Limited 697,000,000 3 6.74 1 Dragon Ocean Development Limited 830,792,040 2 697,000,000 3 Prosper Talent Limited CCBI Investments Limited 697,000,000 CCBI Investments Limited 2016 46

57.31% CCBI Investments Limited 914A 47 2016

41 25% 44 2016 48

49 2016

3.10A 3.10A 3.10A A.6.5 2016 50

51 2016

A.2.1 34 4 2 3 3 4 2016 52

19/30 0/4 24/34 0/4 33/34 2/2 3/4 6/9 0/2 5/7 1/2 22/29 2/2 2/4 27/29 1/4 33/34 2/4 0/5 0/1 0/1 7/11 1/1 2/2 2/2 0/2 3/11 1/1 1/2 1/2 0/2 24/34 2/2 2/3 2/3 0/4 19/24 1/1 1/1 1/1 1/2 23/24 1/1 1/1 1/1 1/2 53 2016

3.10 3.13 2016 54

2 (i) (ii) 3 2,000,0012,500,000 1 16 9 10 55 2016

3 60 67 2016 56

3.29 15 900,000 605,000 57 2016

58 168 20028 2816 2016 58

20 59 2016

68 162 2 169,984,000 2 29,722,000 120,000,000 2016 60

34(a) 146,346,00041,743,000 61 2016

16 21 142,000,00096,094,000 2016 62

15 186,166,000 63 2016

25 354,437,000 5,579,000 2016 64

65 2016

2016 66

P04604 67 2016

5 606,669 499,936 (469,560) (408,286) 137,109 91,650 7 7,555 5,143 17 84,673 21 (43,049) (140,117) (78,670) (50,379) 22 (25,711) (6,376) 1,760 22,220 (38,632) 8 (39,561) (23,483) 8 (17,341) (62,115) 11 (12,691) (5,866) (30,032) (67,981) (40,333) (15,804) 19 45,467 (24,898) (83,785) 2016 68

(31,076) (67,981) 38 1,044 (30,032) (67,981) (24,313) (83,785) (585) (24,898) (83,785) 13 (0.64 ) (2.24 ) (0.64 ) (2.24 ) 69 2016

14 10,925 8,776 15 348,289 165,137 16 142,000 17 293,588 18 28,443 28,541 19 346,702 20 11,408 50,000 3,339 4,176 21 96,094 1,280,788 256,630 22 360 162,615 23 24,704 23,381 18 704 687 24 379,413 329,970 25 354,437 26 6,608 2,658 22,496 90,143 788,722 609,454 27 165,956 99,985 28 360,000 29 374,406 134,395 58,344 1,659 958,706 236,039 (169,984) 373,415 1,110,804 630,045 2016 70

30 37,703 2,396 28 280,000 37,703 282,396 1,073,101 347,649 31 129,410 44,874 32 897,331 302,775 1,026,741 347,649 46,360 1,073,101 347,649 71 2016

31,163 235,950 117 22,231 40,135 (46,830) 282,766 282,766 4,125 (4,125) (67,981) (67,981) (67,981) (15,804) (15,804) (15,804) (15,804) (67,981) (83,785) (83,785) 13,711 134,957 148,668 148,668 44,874 370,907 117 26,356 24,331 (118,936) 347,649 347,649 5,366 (5,366) (31,076) (31,076) 1,044 (30,032) (38,704) (38,704) (1,629) (40,333) 45,467 45,467 45,467 45,467 (38,704) (31,076) (24,313) (585) (24,898) 31(a) 75,000 507,000 582,000 582,000 31(b) 8,713 81,897 90,610 90,610 31(c) 250 2,350 2,600 2,600 21,539 21,539 21,539 31(d) 573 8,836 (2,753) 6,656 6,656 46,945 46,945 129,410 970,990 117 18,786 45,467 31,722 (14,373) (155,378) 1,026,741 46,360 1,073,101 2016 72

(17,341) (62,115) (4,063) 729 39,561 23,483 25,417 20,094 574 523 695 696 43,049 24,139 5,579 (1,434) (939) 1,038 884 (84,673) (1,760) 50,379 25,711 6,376 (2,565) 808 (47,771) (55,260) (360,016) 35,496 (11,926) (318,364) (26,268) 1,434 939 (8,317) (5,255) (325,247) (30,584) 73 2016

(31,505) (33,648) (301,235) 2,234 3,449 (9) (3,339) (4,176) (11,408) (50,000) 50,000 34 (272,746) (247,454) (208,331) 136,523 29,766 (3,950) 93,901 (643,766) (208,162) 603,681 143,569 (356,548) (243,459) 6,656 (13,729) (7,834) 582,000 148,668 80,000 280,000 902,060 320,944 (66,953) 82,198 (694) (1,204) 90,143 9,149 22,496 90,143 2016 74

20,741 45,901 1,755 44,242 22,496 90,143 90,610 75 2016

1. 22 35(a) 2. a) 30,032,000 169,984,000 i) ii) iii) 120,000,00044(i) iv) 29,722,000 2016 76

2. a) (1) 1 (1) (2)(3)(4) (5) (2) 1638 16 38 16 38 77 2016

2. a) (2) 1638 (3) i) 7 7 7 ii) 19 iii) 34 34 2016 78

2. b) c) 79 2016

2. c) (i) (ii) d) 2016 80

2. e) f) 81 2016

2. g) 5 20 5 25 5 10 5 10 5 40 2016 82

2. h) 20 i) j) 83 2016

2. j) k) l) 2016 84

2. l) (i)(ii) (a) (b) 85 2016

2. l) 1. (i) (ii) (iii) (i) (ii) (iii) 2016 86

2. l) 2. 3. 4. 87 2016

2. l) 5. m) (i) 2016 88

2. m) (ii) (iii) (iv) (v) (vi) n) o) 89 2016

2. o) 2016 90

2. p) q) 91 2016

2. r) s) t) u) 2016 92

2. v) i. ii. w) 93 2016

2. w) x) 2016 94

2. x) y) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 95 2016

2. y) (a) (b) (c) z) 2016 96

3. 7 1 12 1 2 2 15 2 9 2 4 94 2 16 3 10 4 28 1 2 3 4 16 17 12 1617 17 16 17 16 97 2016

4. a) b) c) 2016 98

4. d) 36 39 e) 2116 f) 19 22 33 99 2016

4. (a) Master Race 34 38 16 38 5. 565,633 499,936 3,073 11,351 24,794 1,818 606,669 499,936 6. (a) (b) (c) (d) 2016 100

6. (e) (f) 565,633 499,936 24,794 3,073 11,351 1,818 606,669 499,936 43,994 21,901 60,037 (57,561) (2,666) (18,922) 5,739 (845) 87,337 (35,660) 1,288 722 (34,263) (16,118) (71,703) (11,059) (17,341) (62,115) 101 2016

6. 99 185 213 1,122 754 1,434 939 23,215 20,790 2,484 15 972 26,686 20,790 27,000 16,049 43,049 5,579 5,579 84,673 84,673 25,711 6,376 25,711 6,376 1,760 1,760 5,108 7,365 190 34,263 16,118 39,561 23,483 4,713 5,866 6,087 24 1,867 12,691 5,866 32,256 38,892 196,000 149 3,276 231,681 38,892 2016 102

6. 524,962 496,166 363,658 205,016 180,083 188,555 342,857 91,459 1,691,574 701,182 293,588 11,408 50,000 2,303 16 58,345 77,202 12,292 37,684 2,069,510 866,084 242,943 220,650 3,231 41,445 49,642 1,868 1,845 340,974 220,650 41,481 15,649 2,354 2,136 251,600 360,000 280,000 996,409 518,435 103 2016

6. (i) (ii) 11,351 13,712 50,016 293,588 595,318 499,936 626,786 206,614 606,669 499,936 934,086 256,630 10% A 191,791 190,742 B 67,092 57,270 C 81,133 61,029 D 51,376 340,016 360,417 2016 104

7. 1,434 939 475 536 1,909 1,475 2,400 737 1,168 1,250 567 946 666 188 36 133 87 67 722 347 5,646 3,668 7,555 5,143 105 2016

8. a) 16,306 7,834 23,255 15,649 39,561 23,483 b) 75,805 66,519 4,203 4,692 20,939 100,947 71,211 c) 695 696 900 630 3,690 465,870 408,286 574 523 25,417 20,094 5,579 1,038 884 7,368 4,251 65,339,0003,250,00060,421,000 2016 106

9. (A) 180 9 30 219 92 5 97 660 17 30 707 633 137 2,154 2,924 443 104 2,154 2,701 89 320 2,154 2,563 32 32 563 2,154 2,717 98 18 116 56 6 62 56 6 62 53 53 53 53 3,008 561 31 8,706 12,306 107 2016

9. (A) 142 7 149 142 7 149 267 8 275 113 113 113 113 99 3 102 397 6 403 115 4 119 82 82 69 69 65 65 55 55 32 32 9 9 27 27 30 30 1,146 611 35 1,792 2016 108

9. (A) (B) (C) 109 2016

10. 868 2,154 23 2,154 891 500,000 5 2,000,0012,500,000 1 2,500,0013,000,000 4 5 5 2016 110

11. 16.5% 25% 1,868 1,868 10,888 5,269 665 10,888 5,934 30(a) (65) (68) 12,691 5,866 (17,341) (62,115) 23% 13% (3,920) (8,053) 16,801 2,584 (10,695) (290) 6,061 8,368 7,659 3,638 (2,870) (1,441) 665 (55) 105 12,691 5,866 111 2016

12. 13. (31,076) (67,981) 3,589,901 249,300 1,065,574 54,012 209,481 2,729,809 6,011 11,093 4,882,060 3,033,121 (0.64 ) (2.24 ) (0.64 ) (2.24 ) 2016 112

13. 14. 8,776 9,809 (602) (510) (574) (523) 15 (8,316) 15 11,641 10,925 8,776 11,375 11,107 (450) (2,331) 10,925 8,776 10 50 42(ii) 113 2016

15. 48,081 250 104,867 12,683 9,672 63,528 17,871 256,952 (3,318) (4) (7,520) (863) (7,462) (686) (4,025) (503) (24,381) 1,469 2,672 2,719 1,054 1,628 12,887 13,252 35,681 34(b) 196,000 196,000 11,375 12,331 (23,706) 14 10,997 10,997 14 (11,909) (11,909) (4,872) (640) (6,356) (11,868) 56,695 2,918 107,525 12,874 188,538 9,974 66,034 6,914 451,472 12,575 250 29,165 7,589 5,097 37,139 91,815 (1,082) (4) (3,199) (602) (112) (421) (2,446) (7,866) 2,809 891 8,672 776 2,484 1,216 8,569 25,417 14 2,681 2,681 14 (268) (268) (2,838) (576) (5,182) (8,596) 16,715 1,137 31,800 7,763 2,372 5,316 38,080 103,183 39,980 1,781 75,725 5,111 186,166 4,658 27,954 6,914 348,289 50,590 254 104,157 12,694 9,635 56,822 12,074 246,226 (2,980) (4) (7,449) (895) (677) (3,830) (931) (16,766) 374 3,798 1,302 3,195 12,618 17,605 38,892 97 10,365 (10,462) (6,004) (418) (2,481) (2,082) (415) (11,400) 48,081 250 104,867 12,683 9,672 63,528 17,871 256,952 10,929 254 27,784 7,397 6,380 33,387 86,131 (866) (4) (3,080) (598) (436) (2,359) (7,343) 2,512 7,997 986 1,165 7,434 20,094 (3,536) (196) (2,012) (1,323) (7,067) 12,575 250 29,165 7,589 5,097 37,139 91,815 35,506 75,702 5,094 4,575 26,389 17,871 165,137 2016 114

16. 34(a) 146,346 (4,346) 142,000 34 20 500 3% 2% 20.4% 115 2016

16. 17. 208,331 84,673 1,760 (1,176) 293,588 326,613 Yong Tai Berhad Yong Tai150,000,000Yong Tai 84,673,000 2016 116

17. % % Yong Tai Berhad Yong Tai i 190,172,000 39.44 (i) Yong Tai 661,470 210,150 (127,230) 744,390 5,196 4,464 4,464 117 2016

17. Yong Tai Yong Tai 744,390 Yong Tai 39.44% Yong Tai 293,588 18. 29,228 31,647 9 34(b) 2,250 (1,645) (1,723) (695) (696) 29,147 29,228 29,147 29,228 704 687 28,443 28,541 29,147 29,228 2016 118

19. (a) 343,894 (b) 2,808 346,702 (a) Yong Tai 200,000,000 Yong Tai Yong Tai 3 Yong Tai Yong Tai (b) (c) 45,467,000 119 2016

20. (a) Arch Partners Holdings Limited Arch Partners100%Arch Partners Arch Partners 11,408,000 Arch Partners160,000,000 179,200,000 11,408,000 Arch Partners280,000,000 112,000,000 (b) 50,000,000 50,000,000 21. 34 139,143 (43,049) 96,094 2016 120

21. Master Race Limited Master Race34(a) 41,743 (27,000) 14,743 Golden Truth Enterprises Ltd. Golden Truth 34(b) 16,049 (16,049) 34(c) 81,351 96,094 Master Race Golden Truth 3% 15% 10% Master Race Golden Truth 2% 3% 3% Master Race Golden Truth 20.4% 20.9% 18.8% Master Race Golden TruthMaster Race Golden Truth 121 2016

22. 128,563 360 381 33,671 360 162,615 25,711,000 23. 13,296 12,462 333 378 11,075 10,541 24,704 23,381 2016 122

24. 205,419 144,747 (b) (80) (482) 205,339 144,265 (d) 90,808 102,988 (e) 19,957 72,222 (f) 63,309 10,495 379,413 329,970 a) 90 12090 120 192,437 137,717 11,943 5,011 357 15 682 2,004 205,419 144,747 (80) (482) 205,339 144,265 123 2016

24. b) 482 523 (393) (12) (9) (29) 80 482 c) 192,437 137,717 11,943 5,011 357 15 602 1,522 12,902 6,548 205,339 144,265 2016 124

24. c) d) 90 12090 120 e) 70,000,000 f) 54,921,000 125 2016

25. 309,885 6,787 316,672 37,143 622 37,765 354,437 360,016 (5,579) 354,437 354,437 354,437 37,143,000 2016 126

25. 5,000,0005,579,000 10% 15% 11,351,000 5,579,000 26. 6,608,000 2,658,000 27. 78,805 59,996 14,216 4,839 31,454 19,501 41,481 15,649 165,956 99,985 127 2016

27. 67,078 47,991 8,031 7,560 1,746 2,611 1,950 1,834 78,805 59,996 28. 8a 280,000 280,000 10b 80,000 360,000 280,000 (a) 8 (b) 10 12 697,000,000 24 1213 2016 128

29. 104,924 104,648 17,882 29,747 251,600 374,406 134,395 4.79% 6.40% 4.79% 6.72% 6.40% 4.79% 6.16% 6.00% 24.00% 129 2016

29. 122,806 134,395 251,600 374,406 134,395 122,806,000 134,395,000 (a) 27,746,000 21,957,000 (b) 27,012,000 29,228,000 (c) 17,882,000 24,849,000 (d) 8,776,000 (e) 6,608,000 2,658,000 251,600,000 165,000,000 2016 130

30. a) 2,606 (68) (142) 2,396 11 (65) (1,215) Master Race 36,587 37,703 2,203 35,500 37,703 10% 5% 4,461,000 3,638,000 131 2016

30. b) 50,218 72,410 48,407 72,410 98,625 8,286,000 12,121,000 9,152,000 70,375 34,709 884 44 13,654 1,151 72,410 48,407 2016 132

31. 0.0125 0.0125 30,000,000,000 375,000 8,000,000,000 100,000 3,589,901,240 44,874 249,300,124 31,163 a 6,000,000,000 75,000 109,690,000 13,711 b 697,000,000 8,713 c 20,000,000 250 d 45,899,012 573 3,230,911,116 10,352,800,252 129,410 3,589,901,240 44,874 (a) 0.10 6,000,000,0000.0125 507,000,000 18,000,000 Yong Tai 133 2016

31. (b) 100% 90,610,000 0.13 697,000,000 (c) 0.13 10,000,000 0.13 10,000,000 (d) 33 45,899,012 0.145 6,656,000 45,899,0122,753,000 2016 134

32. a b c d e f 235,950 117 22,231 40,135 (46,830) 251,603 4,125 (4,125) (67,981) (67,981) (15,804) (15,804) (15,804) (67,981) (83,785) 134,957 134,957 370,907 117 26,356 24,331 (118,936) 302,775 5,366 (5,366) (31,076) (31,076) (38,704) (38,704) 45,467 45,467 45,467 (38,704) 31,076 (24,313) 507,000 507,000 81,897 81,897 2,350 2,350 21,539 21,539 8,836 (2,753) 6,083 970,990 117 18,786 45,467 31,722 (14,373) (155,378) 897,331 135 2016

32. (a) (b) (c) 2(w) (d) (e) 10% 50% 25% 2016 136

32. (f) 33. 1 10 1,348,371,137 313,091,112 13.02% 1% 137 2016

33. 0.1% 5,000,000 301 (i) (ii) (5) (iii) (a) 0.145 358,990 (b) 0.145 (45,899) (c) 0.145 313,091 2016 138

33. (a) 0.140 0.145 (%) 82 (%) 0.56 8.61% 358,990,124 21,539,000 (b) 45,899,01245,899,012 573,000 8,836,00031(d 0.147 (c) 313,091,112 313,091,1123,914,000 60,270,0000.145 2.57 (d) 139 2016

34. (a) Master Race LimitedMaster Race Master Race LimitedMaster Race 85% 135,000,000Master Race Master Race Master Race 20 2016 140

34. (a) Master Race LimitedMaster Race Master Race 135,000 16 146,346 (45) 30 (36,587) 109,714 (16,457) 21 41,743 135,000 (135,000) Master Race19,655,000 182,000,000146,346,00041,743,000 36,587,000 Master Race24,794,00032,900,000 606,669,000 30,032,000 141 2016

34. (b) Golden Truth Group LimitedGolden Truth Golden Truth80% 138,000,000 Golden Truth Golden Truth 138,000 2016 142

34. (b) Golden Truth Group LimitedGolden Truth 15 196,000 18 2,250 6,386 222 (263) (52,156) 152,439 (30,488) 21 16,049 138,000 138,000 222 (137,778) 143 2016

34. (b) Golden Truth Group LimitedGolden Truth Golden Truth Golden Truth3,073,00024,525,000 606,669,000130,166,000 (c) 100% 90,610,000 0.13 697,000,000 2016 144

34. (c) 0.13 697,000,000 90,610 9,287 32 (60) 9,259 21 81,351 90,610 32 145 2016

34. (c) 1,818,000845,000 615,955,00020,773,000 2016 146

35. 35(a) 1,443,213 488,779 11,408 50,000 1,454,621 538,779 37,143 58,965 72,402 7,685 40,562 103,793 112,964 5,460 2,136 279,973 318,951 251,600 80,000 617,033 321,087 (513,240) (208,123) 941,381 330,656 31 129,410 44,874 35(b) 811,971 285,782 941,381 330,656 147 2016

35. a) Able Zone Investment Limited 1 100% 100% Click Smart Limited 11 100% 100% 2001 100% 100% Impression Culture Asia Limited 1 100% 100% Kentway Investments Limited 1 100% 100% Noble Core Holdings Limited 11 100% 100% Nowry Global Investments Limited 11 100% 100% Ovalane Limited 11 100% 100% Sino Haijing Group Limited 11 100% 100% 1 100% 100% Sunshine Margin Limited 11 100% 100% 1 100% 100% World Spark Holdings Limited 11 100% 100% 2016 148

35. a) 55,000,000 100% 100% 30,000,000 100% 100% 14,000,000 100% 100% 20,000,000 100% 100% 10,000,000 100% 100% 1,000,000 100% 100% 1,000,000 100% 100% 5,000,000 80% 80% 10,000,000 100% 100% 1,000,000 85% 85% 149 2016

35. b) i 235,950 117 (8,551) 227,516 (76,691) (76,691) 134,957 134,957 370,907 117 (85,242) 285,782 (92,679) (92,679) 2,350 2,350 81,897 81,897 507,000 507,000 21,539 21,539 8,836 (2,754) 6,082 970,990 18,785 117 (177,921) 811,971 2016 150

35. b) (i) (ii) 811,971,000 285,782,000 36. 1,500 151 2016

37. 41,318 34,485 41,318 34,485 2016 152

38. Master RaceGolden Truth Master Race Golden Truth 15% 20% 142,000 188,247 23,329 300 (5,950) (49,638) (35,500) 123,879 138,889 18,582 27,778 24,794 3,073 18,247 (8,468) 2,737 (1,693) (613) (1,016) 2,124 (2,709) 394 (156) 153 2016

39. 2,158 4,791 3,767 7,073 5,925 11,864 765 721 40. 4,844 3,159 463 3,159 5,307 2016 154

41. a) i) 90 120 18% 15% 35% 42% ii) 14% 58% iii) 155 2016

41. b) 29,722,000 40,534,000 381,518 381,518 374,406 136,043 136,043 134,395 165,956 165,956 165,956 99,985 99,985 99,985 373,957 373,957 360,000 309,273 309,273 280,000 921,431 921,431 900,362 236,028 309,273 545,301 514,380 2016 156

41. c) 81,488,000 99,910,00029 292,918,000 34,485,000 360,000,000 280,000,000 100 815,000 999,000 100 d) 157 2016

41. e) 3% 5% 3% 5% 10,401 11 8,131 3% 5% (10,401) (11) (8,131) 42. 13 2016 158

42. (i) 346,702 346,702 128,563 128,563 360 360 381 381 33,671 33,671 347,062 347,062 128,944 33,671 162,615 (ii) 1417 6,669 6,669 7,394 7,394 326,613 326,613 159 2016

42. (ii) 43. 44. (i) Prosper Talent Limited 120,000,000 200,000,000 80,000,000 28(b 10% 12 24 13%700,000,000 2016 160

44. (ii) Jet Asia Airways Co., Ltd JAA Capital Limited JAA CapitalJet Asia Airways Co., Ltd Jet Asia Jet Asia Jet Asia Jet Asia JAA Capital Jet Asia 49%1,225,000 JAA Capital767 75% Jet Asia 10,000,000 24,000,000 (iii) BD Corporation Pte Ltd BD Corporation BD Corporation 42,000,000 9.6%1,260,000 6,935,000 BD Corporation 161 2016

44. (iv) Poon Keng Tat Poon Keng Tat 95% 4,404,000 Poon Keng Tat 99.9% Incola Air Services Limited 2016 162

606,669 499,936 563,565 575,579 517,842 (17,341) (62,115) (7,880) (15,926) (21,981) (12,691) (5,866) (3,706) (3,857) (3,182) (30,032) (67,981) (11,586) (19,783) (25,163) (31,076) (67,981) (11,586) (20,059) (25,131) 1,044 276 (32) (30,032) (67,981) (11,586) (19,783) (25,163) 2,069,510 866,084 630,601 652,691 619,106 (996,409) (518,435) (347,835) (338,033) (297,102) 1,073,101 347,649 282,766 314,658 322,004 1,026,741 347,649 282,766 299,164 307,229 46,360 15,494 14,775 1,073,101 347,649 282,766 314,658 322,004 163 2016

1. 100% 2. 100% 3. 100% 4. 100% 5. 80% 2016 164