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Transcription:

China Gingko Education Group Company Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k)

China Gingko Education Group Company Limited [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] 1.0% 0.0027% 0.005% [ ] 0.01 [ ] [ ][ ] [ ] [ ] 342C [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ][ ] [ ][ ] [ ] [ ] [ ] 1.0% 0.0027% 0.005% [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (www.hkexnews.hk) (www.chinagingkoedu.com) [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] S [ ]

[ ] i

[ ] ii

[ ] iii

[ ] [ ] [ ] [ ][ ] [ ][ ] [ ] [ ][ ][ ][ ] [ ]...... i iv... 1... 11... 21... 23... 25... 66 [ ]... 69 [ ]... 73... 77... 79... 89... 109... 117 iv

... 153... 189... 196... 202... 203... 212... 215 [ ]... 258... 259 [ ]... 269 [ ]... 280... I-1......... II-1 III-1 IV-1... V-1... VI-1 v

[ ] [ ] [ ] 9,553 1,222 12.8% 746 225 225 CUAA 2017 * 25 22 CUAA 25 CUAA * CUAA 1

120.9 134.0 139.0 29.4 31.1 36.8 39.9 41.2 8.3 6.7 25 22 97.8%96.4% 97.2% 77.7%77.9% 78.4% 8,8318,7519,327 9,553 154 134 99.4% 65.6% 44.2% 10.2% 15.0% 2

3

[ ] Vast Universe [ ] [ ] Vast Universe 120,855 133,974 139,020 29,401 31,131 (63,080) (71,397) (77,708) (16,104) (18,306) 57,775 62,577 61,312 13,297 12,825 (1,446) (1,600) (1,640) (199) (465) (21,702) (23,212) (22,272) (5,367) (5,934) 3,013 1,049 696 19 24 5 3 14 (10) (4) 225 341 786 189 226 (2,677) (1,143) (139) (536) (2,452) (802) 786 50 (310) 1,648 1,879 2,300 478 577 4

36,841 39,894 41,196 8,268 6,713 36,841 39,894 41,196 8,268 6,713 (1) 36,841 39,894 41,196 8,268 8,213 (1) 41,758 40,750 39,742 39,490 283,145 301,811 327,517 329,903 1,627 1,669 1,093 1,081 3,230 6,321 284 1,100 9,546 10,765 12,558 13,134 339,306 361,316 381,194 384,708 2,015 2,232 1,431 1,739 12,312 28,883 945 647 744 5,389 64,675 66,531 75,965 75,251 67,635 69,410 90,452 111,262 406,941 430,726 471,646 495,970 5

50,000 50,000 50,000 50,000 16,851 16,618 18,050 18,050 152,761 192,888 232,652 239,365 219,612 259,506 300,702 307,415 80,000 82,221 80,226 88,764 37,447 42,539 22,612 9,181 7,201 20,000 62,569 68,382 72,999 43,907 187,329 171,220 170,944 108,555 187,329 171,220 170,944 188,555 406,941 430,726 471,646 495,970 62,805 63,658 62,623 (10,395) (71,346) (21,043) (40,264) (38,880) (12,851) (26,328) (13,478) (21,538) (14,309) (218) 96,960 28,284 1,856 9,434 23,464 (714) 36,391 64,675 66,531 66,531 75,965 64,675 66,531 75,965 43,067 75,251 6

(1) 30.5% 29.8% 29.6% 21.6% (2) 30.5% 29.8% 29.6% 26.4% (3) 47.8% 46.7% 44.1% 41.2% (4) 9.5% 9.5% 9.1% 5.6% (5) 9.5% 9.5% 9.1% 6.8% (6) 18.3% 16.7% 14.7% 8.8% (7) 18.3% 16.7% 14.7% 10.8% (8) 0.4 0.4 0.5 1.0 (9) 10.4% (1) (2) (3) (4) (5) (6) (7) (8) (9) 7

[ ] (i)[ ] [ ] [ ] (ii)[ ] (iii)[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (1) [ ] [ ] (1) 10% 50% 25% [ ] [ ] [ ] [ ] [ 8

] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ]% [ ] [ ]% [ ] [ ]% [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 9

(i) (ii) (iii) [ ] 25 553.5 10

AH&LA [ ] [ ] (California Bureau for Private Postsecondary Education) (California Department of Consumer Affairs) A. 3. [ ][ ] 3 22 11

[ ] 622 32 12

Vast Universe CUAA CUIT [ ] D. 2. [ ] 13

GDP Ginko BVI Ginko HK Ginko BVI [ ] HFYX HFYX Company Limited [ ] 14

[ ] [ ] [ ] [ ] 15

[ ] [ ] 16

600.0 10,000 [ ] [ ] 17

[ ] [ ] [ ] S S 571 18

0.01 [ ] [ ] [ ] [ ] [ ] 19

Vast Universe Vast Universe Company Limited Vast Universe [ ] [ ] CUIT % 20

(GB/ T14308-2010) 21

9 1 8 31 2+1 3+1 3+1 4+1 2+2 22

23

24

(i) (ii) (iii) (iv) [ ] 81.5%79.4%82.8% 86.1% 7.0%6.5%6.6% 7.4% 25

26

27

28

29

600.0 10,000 [ ][ ] [ ][ ] Chengdu YinXing Software Development Company Limited 30

7% 2018 31

21.9% 32

154 33

34

35

32 36

(i) (ii) (iii) (iv) (i) (ii) 37

38

2.0 0.5 0.6 39

119.7 101.8 80.5 (i) (ii) (iii) (iv) (v) (vi) (vii) 40

[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 41

42

43

(i) (ii) 44

50% 45

[ ] [ ] 46

(i) (ii) 47

48

49

10% 50% 50

25% 25% 51

52

[ ] [ ] [ ] [ ] (i) (ii) [ ] [ ] [ ][ ] 53

[ ] 54

6.83 1 6.21 1 2.0% 1.62% 1.0% [ ][ ] 55

2.0% 56

25% 57

82 82 25% 10%20% 10%20% (i) 58

(ii) 37 75 37 37 37 37 59

37 SARS H5N1 H5N2 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 60

[ ] [ ] [ ] [ ] [ ] [ ] [ ] 61

[ ][ ] [ ][ ] [ ][ ] [ ] [ ] [ ][ ] [ ] [ ] [ ]% 62

[ ] [ ] [ ] [ ] [ ] [ ] [ ]% [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] 63

[ ][ ] [ ] ] [ [ ] [ ] [ ] 64

[ ] [ ] [ ] [ ] [ ] 65

8.12 8.12 (1) 3.05 (2) (a) (b) 66

(c) (3) 3A.19 3A (4) 3.28 8.17 (i) (ii) 3.28 3.28 8.17 67

3.28 8.17 3.28(2) 3.28 A 68

[ ] [ ] 69

[ ] [ ] 70

[ ] [ ] 71

[ ] [ ] 72

[ ] 12 E-23 36 1 1 603 Liucheng Renhe Road 758 1 1 27 3 148 2 503A 1 1 3 B 73

[ ] 3 5c 3 88 [ ] 8 18 [ ] [ ] 8 39 74

[ ] 1515 1 1007-1010 Conyers Dill & Pearman Cricket Square Hutchins Drive Po Box 2681 Grand Cayman KY1-1111 Cayman Islands [ ] 1 15 1509 6 SK 33/36/37 100022 10 22 1 6 75

[ ] 500 B 1018 200232 Beijing Anshen Tax Agent Co., Ltd. A6 3 601 [ ] 76

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 2 148 31 www.chinagingkoedu.com 36 1 1 603 148 31 77

36 1 1 603 148 31 29 20 [ ] [ ] 35 8 11 2 78

[ ] [ ][ ][ ][ ] [ ] (i) (ii) (iii) 79

450,000 Junior College (1) Undergraduate Institution (2) * 80

(1) (2) 779 1,037 7.4% 9.8% 1,037 1,496 7.6% 5.6 6.8 4.7% 6.8 8.3 4.3% 21.1% 22.8% 23.0% 27.1% 31.7% 81

39 53 7.9% 77 8.0% 11 10 9 8 7 6 5 4 3 2 3.9 4.1 +7.9% 4.4 4.7 5.3 5.7 6.2 +8.0% 6.7 7.2 7.7 1 0 0.3 0.4 8.6% 0.6 7.1% 23.0% 27.1% 31.7% 3,500 4,400 5.7% 82

4,400 6,500 8.1% 2,030 3,157 11.7% 5,960 13.5% 283,700 6.1% 272,000 122,300 394,300 9.7% 29.2% 2.0 764,200 2,000 1,500 1,000 500 0 1,065.5 793.5 789.8 847.4 272.0 1,051.9 262.1 +6.1% 1,123.9 276.4 1,208.1 876.8 331.3 1,349.2 955.0 394.3 1,488.0 1,019.7 468.3 1,614.5 1,069.2 545.2 +8.1% 1,747.3 1,124.0 623.2 1,880.9 1,181.2 699.6 1,995.8 1,231.5 764.2 38,900 54,900 9.0% 4.1% 94,600 11.5% 83

100 80 60 40 38.9 40.0 +9.0% 44.1 49.0 54.9 62.5 70.0 +11.5% 78.1 86.6 94.6 20 0 743.1 992.0 7.5% 7.7% 1,439.7 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 743.1 791.6 +7.5% 850.4 910.7 992.0 1,070.4 1,151.8 +7.7% 1,241.1 1,337.1 1,439.7 200 0 46,500 56,000 4.8% 5.1% 71,800 84

46.5 16.7 47.8 50.0 17.1 17.7 52.7 18.2 56.0 19.0 59.4 19.9 62.7 20.7 65.8 21.6 68.8 22.4 71.8 23.4 4.8% 5.1% 3.4% 4.2% 29.8 30.7 32.3 34.4 37.0 39.5 42.0 44.3 46.3 48.4 5.6% 5.5% 85

86

34 23 1 23.5 5.6% 2 20.9 5.0% 3 19.0 4.5% 4 19.0 4.5% 5 18.9 4.5% 23 9.6 2.3% 746 225 225 87

88

2017 2017 6 28 2017 7 28 2017 1/2 2003 3 1 2003 9 1 2013 7 18 2004 6 2 2004 7 1 2012 6 18 50% 2015 1 19 89

1. 2. (1) (2) (3) 3. 1. 2. 3. 90

1995 3 18 2009 8 27 2015 12 27 2016 6 1 2003 9 1 2013 6 29 2004 4 1 91

25% 25% < > 2016 11 7 55 < > 2017 9 1 92

93

2016 12 29 2016 12 30 2018 5 2 30 5 2016 11 7 2016 12 30 94

1998 8 29 2015 12 27 2015 12 27 2016 6 1 2007 2 3 2015 11 10 2008 2 22 2008 4 1 5,000 3 1.2 60% 95

5 1 96

1996 9 1 2008 11 18 2005 3 2 2013 10 8 97

2015 1 9 2016 1 1 2015 1 1 2015 2 1 2015 4 24 2015 10 1 2002 9 20 2002 11 1 (a) (b) 2006 4 29 98

2011 8 11 1990 6 4 2007 3 16 2007 10 1 2014 11 24 2015 3 1 2016 1 1 99

1994 7 5 1995 1 1 2009 8 27 2007 6 29 2008 1 1 2012 12 28 2008 9 18 2010 10 28 2011 7 1 100

1999 4 3 2002 3 24 2007 3 16 2008 1 1 2007 12 6 2017 2 24 2008 1 1 25% 10% 39 3 101

2006 8 21 25% 5% 25% 10% 2009 2 2 (i) (ii) (iii) 12 2015 11 1 1993 12 13 1994 1 1 2008 11 10 2016 2 6 1993 12 25 2008 12 15 2011 10 28 2012 1 1 2016 3 23 2016 5 1 36 102

36 39 3 1993 12 29 1999 12 25 2004 8 28 2005 10 27 2013 12 28 2014 3 1 1996 1 29 1996 4 1 1997 1 14 2008 8 5 103

2014 7 14 37 37 2015 2 13 2015 6 1 13 13 2015 3 30 19 2015 6 1 19 104

100% 19 1. 2. 3. 4. 2016 6 9 16 16 16 16 105

2009 2009 (1) (ii) 11 2009 10 11 48 2009 2010 1 1 (i) (ii) (iii) (iv) 106

(v) (vi) (vii) (viii) (ix) 30 Quality of Education UnitQEU QEU Accrediting Commission of Career Schools and CollegesACCSC ACCSC (i) (ii) ACCSC (iii) (iv) ACCSC (v)accsc (vi) ACCSC 107

ACCSC ACCSC ACCSC 18 (i) (ii) (iii) 108

[ ] 2017 2018 9,553 420,000 109

9,920,000 150,000 80% 20% 20% 7% 300,000 75% 5% 5% 5% 110

50,000,000 Song Hua 97.75% 2.25%Song Hua 2.25% 1,125,000 97.75% 2.25% [ ] 1. 2. 111

85% 100,000 11%49% 40% 11% 13,602,000 Vast Universe Vast Universe 50,000 1.00 Vast Universe 112

HFYX HFYX 50,000 1.00 HFYX 380,000 38,000,000 0.01 Vast Universe Vast Universe HFYX 9,774 225 Vast Universe HFYX 97.75% 2.25% Gingko BVI Gingko BVI 50,000 1.00 Gingko BVI Gingko HK 10,000 10,000 Gingko BVI Gingko HK Gingko BVI 10.0 Gingko HK 113

[ ] 1 97.75% 2.25% 2 3. [ ] [ ] 0.01 380,000 38,000,000 0.01 [ ] [ ] 0.01 114

[ ] [ ] [ ] [ ] [ ] [ ] [ ] 1 97.75% 2.25% 2 115

3. 37 37 Vast Universe HFYX 37 37 37 37 (i) (ii) (i) (ii) [ ] 116

(a) (b) 117

50% (i) (ii) (iii) (iv) (v) 118

[ ] 50% 50% (a) (b) (c) (d) (i) (a) 50% 50% 49.99% 119

50% (ii) (b) 50% 50% 49.99% (iii) (c) 50% (iv) (d) 100% 120

(i) (ii) Gingko American CollegeGingko American College 18 45,000 (i) (ii) 121

(1) (2) (3) (4) (5) (6) (7) 122

(1) (a) (b) (c) (d) (e) (f) (g) 123

(h) (i) (j) (i) (ii) (iii) (iv) (v) (i) (ii) (k) (a) (b) (i) (ii) (iii) 124

(c) (i) (ii) (a) (b) (c) (d) (e) 100,000 (f) (g) 100,000 125

(h) (i) (j) (k) (l) (m) (n) (o) (p) (q) (i) (ii) (iii) 126

(2) [ ] (a) (b) (c) (d) (e) (f) (g) (h) (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) 127

(i) (ii) (iii) (i) 63 (ii) 128

(3) (a) (b) (c) (d) (e) (f) 129

(g) 100,000 (h) 100,000 (i) 100,000 (j) (k) (l) (m) 100,000 130

(n) (o) (p) (q) (r) (s) 0 (4) (a) (b) (c) 131

(d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (i) (ii) 132

(5) (a) (b) (c) (d) (e) (f) (g) (h) (i) (i) (ii) (6) (a) 133

(b) (c) (i) (ii) (7) (a) (b) 134

(c) (d) (e) (f) (8) 135

(a) (b) (c) (d) (e) (f) (a) 0 (b) (c) [ ] 136

(a) (1) (b) (3) (c) 137

(a) (b) 30 (c) (d) (a) (b) 138

(c) (d) (e) 139

(i) (ii) 140

(i) (ii) (iii) (a) (b) 30 (c) 141

1. 2. 3. 4. (i) (ii) (iii) 142

5. 6. 143

1. 2. 3. 4. 5. [ ][ ] 144

2.2.1 50% 50% (a) 50%(b) 50% (c) 145

19 146

(i) (ii) (iii) 144 145 147 148 100,000 1 10% 147

50,000 500,000 5% (i) [ ] [ ] 75%(ii) 148

(i) (ii) (a) (b) (i) (ii) (iii) 149

(iv) (v) (iii)(iv) (v) (i) 1. 2. 150

3. 4. 5. (i) (ii) 6. 1. 2. 3. 151

4. 152

9,553 1,222 12.8% 746 225 225 CUAA 2017 * 25 22 CUAA 25 CUAA 126 * CUAA 153

1,309 97.8%96.4% 97.2% 77.7%77.9% 78.4% 73.3% 120.9 134.0 139.0 29.4 31.1 36.8 39.9 41.2 8.3 6.7 9,553 746 [225] 225 CUAA 25 154

CUAA 3,500 4,400 5.7% 2,030 3,157 11.7% 1.1 1.3 6.1% 29.2% 155

30 AH LA 1 + N 90 30 156

30 126 60 6 8 1,309 157

97.8%96.4% 97.2% 77.7%77.9% 78.4% 73.3% 154 134 99.4% 65.6% 44.2% 10.2% 15.0% 158

3 0.8% 8.1% 30 30 600.0 10,000 159

698,000 20,000 2+1 3+1 3+1 4+1 2+2 160

161

CUIT 25 22 16 162

8,8318,751 9,553 5,349 5,456 5,848 6,680 3,482 3,295 3,479 2,873 8,831 8,751 9,327 9,553 * 2018 163

(1) [10,411] [10,306] [10,651] [10,556] (2) [84.8%] [84.9%] [87.6%] [90.5%] * (1) (2) 88.5%86.0%89.4% 93.5% 164

10,000 11,000 12,000 12,000 13,000 15,000 10 430,705 689,334 246,228 268,834 35,880 53,720 18,940 105,120 466,585 743,054 265,168 373,954 (1) 25 22 165

本文件為草擬本 其所載資料並不完整及可作更改 閱讀本文件有關資料時 必須一併細 閱本文件首頁 警告 一節 業 務 學生一般需要四年全日制學習方可完成我們的學士學位課程 大專文憑課程則一般需 要三年全日制學習 大部分課程以漢語教學 而部分課程以英語或中英雙語教學 我們相信 學生最終從我們學院的教育中獲得的學識 在很大程度上取決於我們圍繞 就業開設學術課程的方法 我們的課程設計採用面向市場的教育方法 我們致力培養相關 行業僱主期望的全面發展型學生 我們注重理論課堂教學 但亦鼓勵學生修習實踐訓練課 程或參與實習以提升實踐技能 實踐訓練課程 我們學院的所有課程均採用理論課堂教學與實際訓練相結合的教育方法 我們審慎選 擇在相關行業具有一定實力的企業合作 在生產 教育及研究上實現互惠互利 例如 我 們已與成都一家知名四星級酒店開設合作課程 為修讀酒店管理課程的學生提供培訓課 程 我們與一家知名電子商務公司的教育課程容許修讀物流管理課程的學生參觀物流設施 及開展現場調研課程 我們藝術設計系的學生有機會將其畢業設計項目轉為與本地企業或 政府部門合作的實際項目 我們亦在體育館及網球中心向所有運動管理系的學生提供訓練 課程 166

Swiss Education Group 23 (Panama City) (Williamsburg)) 167

97.8%96.4% 97.2% 77.7%77.9% 78.4% 277,622.7 168

88.5%89.0% 87.4% 87.7% 169

154 134 99.4% 65.6% 44.2% 10.2% (i) (ii) (iii) 15.0% (i) (ii) (iii) 170

0.8% 8.1% Fengrong Jing Shengyu He Mingliang Liu Ning Jiang 171

49 48 172

173

[420,000] 600.0 (1) (2) (3) 2,000 (4) (5) (6) (7) 35.5 93.4 62.9 4.4 (i) 100.0 (ii)[ ][ ] [ ] (8) 16.9 213.1 10% (9) 10,000 (10) (5) 137.1 (i) 350.0 (6) 180.4 (7) 45.0 (ii)[ ][ ] (8) 28.5 [ ] 391.0 (1) (2) (a) (b) (3) 18 (4) 174

(5) (6) (7) (8) (9) 18 (10) 175

176

(i) (ii) (iii) 177

(i) (ii) (i) (ii) (i) (ii) (iii) (iv) 178

179

1.4%2.6%0.9% 0.3% 0.6%1.1%0.4% 0.1% 5% 5% 7.1%6.9%5.4% 6.4% 3.1%3.0%2.4% 2.8% 5% B. 2. 180

181

490 154 32.8 (1) 84 13.6 252 53.6 490 (2) 100.0 (1) (2) 490 307 277,622.7 161,756.5 13 30,250.9 5.01(2) 553.5 528.0 182

1 60 29,969.4 2 60 247,653.3 161,756.5 13 30,250.9 183

528.0 500.0 28.0 184

185

186

(i) (ii) (iii) 187

188

A 12 A A (1) 2 5 28 800 9,600 9,600 9,600 (i) (ii) 189

85% 0.1% 14A.76(1) (2) [ ] (i) (ii) (iii) (iv) 1,000,000 1,700,000 1,800,000 97.4% 97.7% A 190

(i) (ii) 5 3,000,000 A (i) (ii) (iii) 191

14A.07(1) 14A.07(1) A A (i) 14A.105 A (ii) 14A.53 (iii) 14A.52 (a) 192

(b) (d) A (e) (c) (i) (ii) (iii) (d) A (e) 193

(i) (ii) (iii) (d) A A 14A.105 (i) A (ii) (iii) 194

A (i) (ii) (iii) 195

[ ] Vast Universe [ ]% [ ] Vast Universe Vast Universe Vast Universe 196

5% 10% 30 30 30 197

30% 198

(a) (b) (c) (d) 199

200

(a) [ ] (b) (c) [ ] (d) 201

[ ] [ ] [ ] XV 2 3 10% [ ] (1) [ ] (1) 9,775 97.75% [ ] [ ]% Vast Universe (2) 9,775 97.75% [ ] [ ]% (3) 9,775 97.75% [ ] [ ]% (1) L (2) Vast Universe Vast Universe (3) [ ] Vast Universe [ ]%[ ]% [ ]% [ ] [ ] XV 2 3 10% 202

55 42 56 49 40 [ ] [ ] 40 [ ] [ ] 53 [ ] [ ] 203

29 55 42 204

56 49 205

AH & LA Educational Institution 40 Davis Polk & Wardwell LLP Bank of New York Mellon China Commodity Merchant Trading Group Limited 206

40 [ ] eprint 1884 1532 621 53 EDU 207

839 13.51(2)(h) (v) 56 49 29 208

42 29 [ ] 3.21 C.3 [ ] 3.25 B.1 [ ] A.5 209

A.2.1 A.2.1 A.2.1 90,000 171,000 440,000 98,000 210

1,160,000 1,250,000 1,283,000 320,000 720,000 D. 1. 3A.19 3A.23 [ ][ ] 3.10 211

[ ] [ ] [ ] [ ] 1,000,000,000 [0.01] 10,000,000 10,000 100 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (1) [ ] 20% [ ] 212

(2) (i) (ii) (iii) A. 3. [ ] [ ] [ ] [ ] 10% A. 6. (i) (ii) (iii) 213

A. 3. [ ] [ ] D. 1. (i) (ii) (iii) (iv) (v) 2. (a) (iii) 2. (a) (ii) 214

120.9 134.0 139.0 31.1 29.4 57.8 62.6 61.3 13.3 12.8 36.8 39.9 41.2 8.3 6.7 [ ] 36.8 39.9 41.2 8.3 8.2

GDP 8.7% 2019

52.2%53.3%55.9%54.8% 58.8% 22.4 25.0 32.1 6.3 8.0 9 12.3 12.9 15.3 3.6 4.3 21.7 23.2 22.3 5.4 5.9

(i) (ii) (iii) 2

120,855 133,974 139,020 29,401 31,131 (63,080) (71,397) (77,708) (16,104) (18,306) 57,775 62,577 61,312 13,297 12,825 (1,446) (1,600) (1,640) (199) (465) (21,702) (23,212) (22,272) (5,367) (5,934) 3,013 1,049 696 19 24 5 3 14 (10) (4) 225 341 786 189 226 (2,677) (1,143) (139) (536) 1,648 1,879 2,300 478 577 36,841 39,894 41,196 8,268 6,713 36,841 39,894 41,196 8,268 6,713 (1) 36,841 39,894 41,196 8,268 8,213

(1) 36,841 39,894 41,196 8,268 6,713 [ ] 36,841 39,894 41,196 8,268 [ ]

120.9 134.0 139.0 29.4 31.1 98,450 106,380 115,127 24,856 26,796 8,470 8,765 9,119 2,243 2,314 9,434 11,986 11,555 1,874 1,834 (1) 4,501 6,843 3,219 428 187 120,855 133,974 139,020 29,401 31,131 (1) 1% (i) (ii)

(1) 22,434 24,989 32,092 6,333 7,989 (2) 12,266 12,891 15,300 3,599 4,312 (3) 6,923 7,455 8,109 1,753 1,863 7,014 8,708 7,824 1,513 1,324 4,830 3,969 3,297 686 925 (4) 3,955 5,031 4,532 469 404 1,687 1,518 645 603 55 (5) 3,971 6,836 5,909 1,148 1,434 63,080 71,397 77,708 16,104 18,306 (1) (2) (3) (4) (5)

57.8 62.6 61.3 13.3 12.8 47.8%46.7%44.1%45.2% 41.2% 1.4 1.6 1.6 0.2 0.5 16,040 17,605 13,728 4,015 2,351 1,500 160 1,987 755 3,129 2,513 3,160 830 417 1,258 1,314 1,397 246 343 832 964 1,055 243 285 10 10 12 (1) 273 806 933 33 283 21,702 23,212 22,272 5,367 5,934 (1)

3.0 1.0 0.7 18,805 23,661 5,336 3,286 14,044 9,900 3,791 0.2 0.3 0.8 0.2 0.2 2.7 1.1 0.1 0.5 25%

[2004] 39 [2016] 36 36.8 39.9 41.2 8.3 6.7 (i) (ii)

5% 10% 5% 10% (10)% (9,845) (10,638) (11,513) (2,486) (2,680) (5)% (4,922) (5,319) (5,756) (1,243) (1,340) 5% 4,922 5,319 5,756 1,243 1,340 10% 9,845 10,638 11,513 2,486 2,680 (10)% 3,847 4,259 4,582 1,035 1,034 (5)% 1,924 2,130 2,291 517 517 5% (1,924) (2,130) (2,291) (517) (517) 10% (3,847) (4,259) (4,582) (1,035) (1,034)

36,841 39,894 41,196 8,268 6,713 [ ] 36,841 39,894 41,196 8,268 [ ] 36.8 39.9 41.2 8.3 8.2

29.4 5.9% 31.1 24.9 7.8% 26.8 (i) 9,327 9,553 (ii) 2.2 3.2% 2.3 9,327 9,553 1.9 1.8 0.4 56.3% 0.2 (i) (ii) (iii) 16.1 13.7% 18.3 (i) (ii) 13.3 3.5% 12.8

45.2% 41.2% 0.2 133.7% 0.5 5.4 10.6% 5.9 (i) 0.8 (ii) [ ] 18,805 23,661 9,900 3,791 188,930 19.9% 226,436 0.1 285.6% 0.5

8.3 18.8% 6.7 (i) (ii) [ ] 1.5 8.3 0.7% 8.2 134.0 3.8% 139.0 106.4 8.2% 115.1 (i) (ii) 8.8 4.0% 9.1 71.4 8.8% 77.7 (i) (ii)

62.6 2.0% 61.3 46.7% 44.1% 1.6 23.2 4.0% 22.3 17.6 22.0% 13.7 1.0 33.7% 0.7 3,286 327.4% 14.044 0.3 130.5% 0.8

1.1 39.9 3.3% 41.2 39.9 3.3% 41.2 120.9 10.9% 134.0 98.5 8.1% 106.4 (i) (ii) 8.5 3.5% 8.8 9.4 27.1% 12

63.1 13.2% 71.4 (i) 2.6 (ii) 1.7 (iii) 1.1 (iv) 0.6 57.8 8.3% 62.6 47.8% 46.7% 1.4 10.7% 1.6 21.7 7.0% 23.2 16.0 9.8% 17.6 0.3 194.2% 0.8 3.0 65.2% 1.0

5.336 38.4% 3.286 0.2 51.6% 0.3 2.7 57.3% 1.1 31.1 36.8 8.3% 39.9 36.8 8.3% 39.9

2,015 2,232 1,431 1,739 2,285 12,312 28,883 27,994 945 647 744 5,389 5,042 64,675 66,531 75,965 75,251 60,418 67,635 69,410 90,452 111,262 95,799 62,569 68,382 72,999 43,907 30,070 82,221 80,226 88,764 37,447 35,861 42,539 22,612 9,181 7,201 2,215 20,000 20,000 187,329 171,220 170,944 108,555 88,146 (119,694) (101,810) (80,492) 2,707 7,653 119.7 101.8 80.5 (i) (ii) (iii) 22.7 7.7 2.7 5.0

500.0 12 309 234 103 265 179 693 829 735 365 216 356 449 1,162 1,089 143 290 2,015 2,232 1,431 1,739 (i) 2.0 2.2 1.4 1.7 0.5 0.9

0 30 179 565 259 214 31 180 309 307 103 164 181 365 55 570 622 365 488 927 932 1,000 0.5 12.3 28.9 12.0 0.3 28.4 0.5 42.5 22.6 9.2 7.2 31.1 13.5 7.0

9 [ ] 56,810 62,400 66,627 39,926 5,759 5,982 6,372 3,981 62,569 68,382 72,999 43,907 73.0 43.9 68.4 73.0 62.6 68.4

47,590 50,044 53,153 2,252 1,746 1,595 9,650 6,673 6,665 5,997 6,004 9,156 2,383 8,641 6,248 9,070 10,364 10,350 6,535 80 150 80 94 550 7,400 8,874 8,948 8,366 82,221 80,226 88,764 37,477 82.2 80.2 88.8 37.5 53.2 9.5 10.8 12.6 13.1

283.1 301.8 327.5 329.9 64.7 66.5 76.0 75.3 [ ][ ] 62,805 63,658 62,623 (10,395) (71,346) (21,043) (40,264) (38,880) (12,851) (26,328) (13,478) (21,538) (14,309) (218) 96,960 28,284 1,856 9,434 (23,464) (714) 36,391 64,675 66,531 66,531 75,965 64,675 66,531 75,965 43,067 75,251 241

71.3 6.7 82.5 4.2 48.9 29.1 62.6 41.2 7.7 14.8 4.6 2.3 63.6 39.9 10.6 12.3 5.8 4.8 62.8 36.8 11.8 11.6 8.6 3.4 26.3 106.5 9.8 90.1 242

38.9 12.0 27.4 40.3 40.4 21.0 21.3 [ ] 97.0 [ ] 100.0 5.0 7.0 0.5 [ ] 14.3 13.5 0.8 21.5 31.1 1.6 11.2 13.5 38.1 2.8 27.4 [ ][ ] 243

12 20.4 31.6 40.5 6.7 19,991 30,981 40,473 6,633 391 574 18 90 20,382 31,555 40,491 6,723 244

2,614 19,933 25 94 2,614 19,933 25 94 10 17 27 102.1 245

100,000 100,000 100,000 100,000 42,500 22,600 9,100 7,100 2,100 42,500 22,600 9,100 7,100 2,100 500.0 246

6.18% 6.18% 5.32% 5.36% 5.91% 4.75% 4.75% 6.88% 247

[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (1) 30.5% 29.8% 29.6% 21.6% (2) 30.5% 29.8% 29.6% 26.4% (3) 47.8% 46.7% 44.1% 41.2% (4) 9.5% 9.5% 9.1% 5.6% (5) 9.5% 9.5% 9.1% 6.8% (6) 18.3% 16.7% 14.7% 8.8% (7) 18.3% 16.7% 14.7% 10.8% (8) 0.4 0.4 0.5 1.0 (9) 10.4% (1) (2) (3) 248

(4) (5) (6) (7) (8) (9) 30.5% 29.8% 29.6% 21.6% 30.5%29.8%29.6% 26.4% 47.8% 46.7% 44.1% 41.2% 249

9.5%9.5%9.1% 5.6% 9.5%9.5%9.1% 6.8% 18.3%16.7%14.7% 8.8% 18.3%16.7%14.7% 10.8% 0.40.40.5 1.0 53.2 10.4% 100.0 250

[27] 27 251

252

73,071 73,071 42,539 42,539 115,610 115,610 69,712 69,712 22,612 22,612 92,324 92,324 78,334 78,334 9,181 9,181 87,515 87,515 26,074 84,111 110,185 30,818 30,818 7,201 7,201 64,093 84,111 148,204 253

[3] 10% 50% 25% 254

13.13 13.19 13.13 13.19 600.0 420,000 11.0% 11.0% 13,602,000 4.29 [ ] [ ] 255

[ ] [ ] (1) [ ] (2) (3) (4)(5) [ ] [ ] 306,334 [ ] [ ] [ ] [ ] [ ] [ ] 306,334 [ ] [ ] [ ] [ ] (1) [306,334,000] (2) [ ][ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] 1 0.8158 256

(3) [ ] [ ] [ ] [ ] (4) 0.8158 1 (5) 257

[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ]% [ ] [ ]% [ ] [ ]% [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 258

[ ] [ ] 259

[ ] 260

[ ] 261

[ ] 262

[ ] [ ] [ ] 263

[ ] 264

[ ] [ ] 265

[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 266

[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 30 [ ] [ ] [ ] [ ] [ ]% [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]% [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ][ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 267

[ ] 3A.07 268

[ ] [ ] 269

[ ] [ ] 270

[ ] [ ] 271

[ ] [ ] 272

[ ] [ ] 273

[ ] [ ] 274

[ ] [ ] 275

[ ] [ ] 276

[ ] [ ] 277

[ ] [ ] 278

[ ] [ ] 279

[ ] [ ] 280

[ ] [ ] 281

[ ] [ ] 282

[ ] [ ] 283

[ ] [ ] 284

[ ] [ ] 285

[ ] [ ] 286

[ ] [ ] 287

[ ] [ ] 288

[ ] [ ] 289

[ ] [ ] 290

[ ] [ ] 291

[ ] [ ] 292

[ ] [ ] 293

[ ] [ ] 294

[ ] [ ] 295

[ ] [ ] 296

[ ] [ ] 297

[ ] [ ] 298

[ ] [ ] 299

[I-1] [I-3] 200 [ ] [I-4] [I-67] [I-4] [I-67] [ ] [ ][ ] 1.3 2.1 200 I-1

1.3 2.1 1.3 2.1 1.3 2.1 2410 1.3 2.1 I-2

[I-3] [ ] [ ] I-3

I I-4

(A) 5 120,855 133,974 139,020 29,401 31,131 8 (63,080) (71,397) (77,708) (16,104) (18,306) 57,775 62,577 61,312 13,297 12,825 8 (1,446) (1,600) (1,640) (199) (465) 8 (21,702) (23,212) (22,272) (5,367) (5,934) 6 3,013 1,049 696 19 24 7 5 3 14 (10) (4) 37,645 38,817 38,110 7,740 6,446 10 225 341 786 189 226 10 (2,677) (1,143) (139) (536) (2,452) (802) 786 50 (310) 1,648 1,879 2,300 478 577 36,841 39,894 41,196 8,268 6,713 11 36,841 39,894 41,196 8,268 6,713 36,841 39,894 41,196 8,268 6,713 36,841 39,894 41,196 8,268 6,713 12 I-5

(B) 13 41,758 40,750 39,742 39,490 14 283,145 301,811 327,517 329,903 15 1,627 1,669 1,093 1,081 18 3,230 6,321 284 1,100 19 9,546 10,765 12,558 13,134 339,306 361,316 381,194 384,708 17 2,015 2,232 1,431 1,739 28 12,312 28,883 18 945 647 744 5,389 20 64,675 66,531 75,965 75,251 67,635 69,410 90,452 111,262 406,941 430,726 471,646 495,970 21 50,000 50,000 50,000 50,000 22 16,851 16,618 18,050 18,050 22 152,761 192,888 232,652 239,365 219,612 259,506 300,702 307,415 24 80,000 23 82,221 80,226 88,764 37,447 27 42,539 22,612 9,181 7,201 24 20,000 5 62,569 68,382 72,999 43,907 187,329 171,220 170,944 108,555 187,329 171,220 170,944 188,555 406,941 430,726 471,646 495,970 I-6

(C) 6 80 86 21(a) 80 80 6 6 6 86 I-7

(D) 21(b) 22(a) 50,000 15,525 117,246 182,771 36,841 36,841 1,326 (1,326) 50,000 16,851 152,761 219,612 50,000 16,851 152,761 219,612 39,894 39,894 (233) 233 50,000 16,618 192,888 259,506 50,000 16,618 192,888 259,506 41,196 41,196 1,432 (1,432) 50,000 18,050 232,652 300,702 50,000 18,050 232,652 300,702 6,713 6,713 50,000 18,050 239,365 307,415 50,000 16,618 192,888 259,506 8,268 8,268 50,000 16,618 201,156 267,774 I-8

(E) 25 62,580 63,317 62,132 (10,584) (71,411) 225 341 491 189 65 62,805 63,658 62,623 (10,395) (71,346) (21,313) (40,350) (27,369) (10,841) (9,838) (391) (574) (18) (10) (90) 25 1 660 660 507 27 (12,000) (2,000) (106,500) 90,100 (21,043) (40,264) (38,880) (12,851) (26,328) * 100,000 27 27,400 11,200 5,000 27 (38,100) (31,100) (13,500) (7,000) (2,778) (1,638) (809) (218) (540) [ ] (500) (13,478) (21,538) (14,309) (218) 96,960 28,284 1,856 9,434 (23,464) (714) 36,391 64,675 66,531 66,531 75,965 64,675 66,531 75,965 43,067 75,251 * 1,000 I-9

II. 1 1.1 22 3 Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands [ ] 1.2 [ ] [ ] (i) Vast Universe Company LimitedVast Universe 9,774 Vast Universe 225 HFYX Company LimitedHFYX 97.75% 2.25% I-10

(ii) Ginko BVI 1 (iii) Gingko HK Gingko BVI 10,000 Gingko HK (iv) 100,000 (v) Gingko HK 10,000,000 (vi) 13,602,000 11% (vii) 2.2.1 I-11

Gingko BVI 1 100% 100% (1) Gingko HK 10,000 100% (1) 10,000,000 100% (1) 100% 100% 100% 100% 100% (1) 50,000,000 100% 100% 100% 100% 100% (2) 10,036,292 100% 100% 100% 100% 100% (2) 150,000 (1) (2) * 1.3 [ ] [ ] I-12

[ ] [ ] 2 2.1 4 9 15 9 15 I-13

23 16 17 10 28 16 16 17 I-14

2.2 2.2.1 (a) I-15

1.3 (b) I-16

9 (c) (d) (e) 20% 50% (f)) I-17

(f) 2.8 2.2.2 2.3 I-18

2.4 (a) (b) 2.5 6 5 5 5 2 3 I-19

2.8 2.6 50 2.7 5 2.8 I-20

2.9 2.9.1 2.9.2 2.9.3 I-21

9 2.10 2.11 2.12 2.13 I-22

2.14 [ ] 2.15 2.16 2.17 I-23

2.18 (a) (b) I-24

(c) 2.19 (a) (b) (c) 2.20 I-25

2.21 2.22 2.23 I-26

2.24 2.25 37 3 3.1 (a) (i) I-27

50 7,000 4,000 2,000 17,000 (b) (i) 9 0.1% (ii) I-28

(c) 73,071 73,071 42,539 42,539 115,610 115,610 69,712 69,712 22,612 22,612 92,324 92,324 78,334 78,334 9,181 9,181 87,515 87,515 26,074 84,111 110,185 30,818 30,818 7,201 7,201 64,093 84,111 148,204 I-29

3.2 25 100,000 28 7,100 20 (75,251) 31,849 307,415 10.36% 3.3 I-30

4 4.1 (a) (b) I-31

(c) 5 2 I-32

98,450 106,380 115,127 24,856 26,796 8,470 8,765 9,119 2,243 2,314 9,434 11,986 11,555 1,874 1,834 (a) 4,501 6,843 3,219 428 187 120,855 133,974 139,020 29,401 31,131 (a) 98,450 106,380 115,127 24,856 26,796 8,470 8,765 9,119 2,243 2,314 4,311 6,793 3,172 416 175 9,434 11,986 11,555 1,874 1,834 152 38 50 47 12 12 120,855 133,974 139,020 29,401 31,131 10% I-33

56,810 62,400 66,627 39,926 5,759 5,982 6,372 3,981 62,569 68,382 72,999 43,907 (1) 53,573 56,810 62,400 24,856 26,796 5,596 5,759 5,982 2,243 2,314 59,169 62,569 68,382 27,099 29,110 (2) 56,810 62,400 66,627 39,926 5,759 5,982 6,372 3,981 38 900 20 20 62,607 69,302 73,019 43,907 I-34

6 (a) 2,000 502 590 1,013 547 106 19 24 3,013 1,049 696 19 24 (a) 7 (7) (14) (10) (4) 12 3 28 5 3 14 (10) (4) I-35

8 9 38,474 42,594 45,820 10,348 10,340 13,098 13,855 16,355 3,842 4,597 (a) 6,923 7,455 8,109 1,753 1,863 3,955 5,031 4,532 469 404 160 1,987 755 9,405 8,082 8,097 1,715 1,807 7,014 8,708 7,824 1,513 1,324 1,687 1,518 645 603 55 [ ] [ ] 10 10 12 5,502 8,956 8,239 1,427 2,060 86,228 96,209 101,620 21,670 [ ] (a) 7% I-36

9 30,946 35,100 38,129 8,529 8,882 3,352 3,288 3,333 848 652 4,176 4,206 4,358 971 806 38,474 42,594 45,820 10,348 10,340 22,434 24,989 32,092 6,333 7,989 16,040 17,605 13,728 4,015 2,351 38,474 42,594 45,820 10,348 10,340 I-37

(a) (i) (i) (i) (iii) (i) 70 10 10 90 (ii) (ii) (ii) 70 10 10 90 (i) (i) 80 80 (i) (iii) (i) 66 2 13 12 93 (ii) (ii) (ii) 66 82 13 12 173 I-38

(i) (i) 24 82 106 (i) 121 10 1 132 (i) 172 14 10 9 205 (ii) (ii) (ii) 317 106 10 10 443 (i) (i) 6 6 (i) 30 30 (i) 27 2 2 31 (ii) (ii) (ii) 63 2 2 67 I-39

(i) (i) 6 6 (i) 30 1 31 (i) 54 4 3 61 (ii) (ii) (ii) 90 4 4 98 (i) (ii) [ ] (iii) (b) (c) I-40

(d) (e) 27(b) (f) 24(a) 27(b) (g) 9(a) 1,047 1,114 1,157 401 296 60 72 67 16 13 53 64 59 14 11 1,160 1,250 1,283 431 320 I-41

1,000,000 5 5 5 5 5 10 27(b) (2,778) (1,638) (809) (218) (20) (520) (2,778) (1,638) (809) (218) (540) 14 101 495 809 79 4 (2,677) (1,143) (139) (536) 27(b) 295 161 225 341 491 189 65 225 341 786 189 226 (2,452) (802) 786 50 (310) 6.29%5.91%5.91%5.91% 6.18% I-42

11 36,841 39,894 41,196 8,268 6,713 25% 9,210 9,973 10,299 2,067 1,678 (iii) (10,621) (11,456) (11,846) (2,420) (2,746) (412) (470) (575) (120) (144) 1,853 1,926 2,028 481 543 (30) (29) (41) (8) 56 135 669 I-43

(i) (ii) (iii) 25% (iv) 400,126 505,522 928,738 3,439,208 100,032 126,381 232,185 859,802 400 282 165 224 224 224 540 540 2,675 400 506 929 3,439 I-44

12 1.3 13 50 50,398 50,398 50,398 50,398 (7,632) (8,640) (9,648) (10,656) 42,766 41,758 40,750 39,742 42,766 41,758 40,750 39,742 (1,008) (1,008) (1,008) (252) 41,758 40,750 39,742 39,490 50,398 50,398 50,398 50,398 (8,640) (9,648) (10,656) (10,908) 41,758 40,750 39,742 39,490 979 979 979 245 29 29 29 7 1,008 1,008 1,008 252 I-45

14 281,589 734 15,983 27,948 2,370 1,236 680 330,540 (24,125) (57) (10,353) (19,576) (1,605) (74) (55,790) 257,464 677 5,630 8,372 765 1,162 680 274,750 257,464 677 5,630 8,372 765 1,162 680 274,750 7,019 415 745 4,029 56 21 7,706 19,991 4,670 (4,670) (8) (8) (5,735) (175) (1,927) (3,041) (226) (484) (11,588) 263,418 917 4,448 9,352 595 699 3,716 283,145 293,278 1,149 16,728 31,832 2,426 1,257 3,716 350,386 (29,860) (232) (12,280) (22,480) (1,831) (558) (67,241) 263,418 917 4,448 9,352 595 699 3,716 283,145 263,418 917 4,448 9,352 595 699 3,716 283,145 4,007 873 6,217 86 1,256 18,542 30,981 177 2,782 (2,959) (6,002) (500) (1,769) (3,158) (208) (678) (12,315) 257,416 4,424 3,729 15,193 473 1,277 19,299 301,811 293,278 5,156 17,778 40,831 2,512 2,513 19,299 381,367 (35,862) (732) (14,049) (25,638) (2,039) (1,236) (79,556) 257,416 4,424 3,729 15,193 473 1,277 19,299 301,811 257,416 4,424 3,729 15,193 473 1,277 19,299 301,811 10,856 510 6,944 261 2,409 19,493 40,473 37,798 (37,798) (14) (14) (6,387) (1,562) (1,453) (4,254) (196) (901) (14,753) 288,827 13,718 2,786 17,883 524 2,785 994 327,517 I-46

331,076 16,012 18,288 47,775 2,321 4,922 994 421,388 (42,249) (2,294) (15,502) (29,892) (1,797) (2,137) (93,871) 288,827 13,718 2,786 17,883 524 2,785 994 327,517 288,827 13,718 2,786 17,883 524 2,785 994 327,517 1,223 272 1,145 350 239 3,404 6,633 (4) (4) (1,731) (667) (261) (1,182) (56) (346) (4,243) 287,096 14,274 2,793 17,846 818 2,678 4,398 329,903 331,076 17,235 18,436 48,917 2,671 5,161 4,398 427,894 (43,980) (2,961) (15,643) (31,071) (1,853) (2,483) (97,991) 287,096 14,274 2,793 17,846 818 2,678 4,398 329,903 10,794 11,389 13,736 3,967 794 926 1,017 276 11,588 12,315 14,753 4,243 I-47

15 I-48 3,387 (1,649) 1,738 1,738 391 (502) 1,627 3,778 (2,151) 1,627 1,627 574 (532) 1,669 4,352 (2,683) 1,669 1,669 18 (594) 1,093 4,370 (3,277) 1,093 1,093

90 (102) 1,081 4,460 (3,379) 1,081 493 523 585 100 9 9 9 2 502 532 594 102 I-49

16 64,675 66,531 75,965 75,251 12,312 28,883 2,015 2,232 1,431 1,739 66,690 68,763 89,708 105,873 100,000 73,071 69,712 78,334 30,818 42,539 22,612 9,181 7,201 115,610 92,324 87,515 138,019 17 309 234 103 265 179 693 829 735 488 927 932 1,000 365 216 356 449 1,162 1,089 143 290 2,015 2,232 1,431 1,739 I-50

488 927 932 1,000 309,000 234,000 103,000 265,000 309 234 103 265 18 3,230 6,321 284 1,100 2,795 [ ] [ ] 945 647 744 962 (3,230) (6,321) (284) (1,100) 945 647 744 [ ] I-51

19 % % % % a 11 11 11 11 * 9,546 10,765 12,558 13,134 (a) * I-52

79,703 92,339 118,597 99,190 26,715 26,023 26,135 46,169 19,638 20,500 30,571 25,957 86,780 97,862 114,161 119,402 89,718 96,415 118,092 24,951 30,793 (1,859) (1,734) (1,374) (178) (120) (2,516) (3,060) (3,721) (768) (925) 17,500 20,142 24,631 5,117 6,166 14,984 17,082 20,910 4,349 5,241 20 64,675 66,531 75,965 75,251 I-53

21 (a) c 0.01 38,000,000 380,000 (a)) 10,000 100 80 10,000 100 80 380,000 38,000,000 0.01 1 Vast Universe Vast Universe 9,774 HFYX 225 (b) I-54

22 (i) (ii) (iii) (i) 10% 50% 25% (ii) (i) (ii) 10% 50% (iii) 25% I-55

23 (a) 8 47,590 50,044 53,153 (b) 2,252 1,746 1,595 9,650 (c) 6,673 6,665 5,997 6,004 9,156 2,383 8,641 6,248 9,070 10,364 10,350 6,535 [ ] 550 80 150 80 94 7,400 8,874 8,948 8,366 82,221 80,226 88,764 37,447 (a) (b) (c) (d) (e) I-56

24 20,000 80,000 100,000 (a) 162,688,000 [ ] (b) 6.18% I-57

(c 20,000 80,000 100,000 (d) 25 36,841 39,894 41,196 8,268 6,713 14 11,588 12,315 14,753 3,373 4,243 13 1,008 1,008 1,008 252 252 15 502 532 594 217 102 7 7 14 10 4 (1,648) (1,879) (2,300) (478) (577) (225) (341) (491) (189) (65) 2,677 1,143 139 536 27(b) (295) (161) 50,750 52,672 54,479 11,592 11,047 I-58

161 (439) (5) 505 (68) (146) 298 (96) 32 (4,144) (199) 222 806 (677) (240) 8,642 4,778 2,262 4,863 (48,934) (29) (27) 69 271 20 3,401 5,813 4,617 (27,170) (29,092) 62,580 63,317 62,132 (10,584) (71,411) [ ] 14 8 14 10 4 7 (7) (14) (10) (4) 1 I-59

53,200 53,200 (10,700) (10,700) 42,500 42,500 (19,900) (19,900) 22,600 22,600 (13,500) (13,500) 9,100 9,100 100,000 (2,000) 98,000 100,000 7,100 107,100 I-60

26 (a) 2,614 19,933 25 94 (b) 10 17 27 27 I-61

(a) (i) (b) 27,000 10,000 4,000 I-62

1,000 400 1,200 27,400 11,200 5,000 38,100 31,100 13,000 7,000 500 38,100 31,100 13,500 7,000 50,000 39,500 12,000 17,000 2,000 12,000 2,000 106,500 I-63

50,000 39,500 600 90,100 2,778 1,638 809 218 20 295 161 329 633 289 53 71 2,239 329 633 2,528 53 71 I-64

(c) 9 824 863 959 193 276 58 59 48 12 13 53 55 45 11 12 935 977 1,052 216 301 (d) (a) 12,312 28,883 (b) 41,100 20,000 7,000 4,000 (c) 1,400 2,600 2,100 2,100 (c) 1,000 I-65

(c) 54 43 (c) 39 12 27 38 (c) 20 42,539 22,612 9,181 7,201 (a) 12,000,000 11,400,000 4.75% 4.75% 17,000,000 312,000 483,000 (b) 20,000,000 6.88% 20,000,000 20,000,000 7,000,000 5.32%5.36% 5.91% 1,100,000 4,000,000 (c) (d) I-66

28 1.2 6 1.2 2.8 III. I-67

[ ] II-1

[ ] II-2

[ ] II-3

[ ] II-4

[ ] II-5

III-1

12 III-2

Cyndi Huang Cyndi Huang 5 2 MRICS MHKIS RPS (GP) [ ] 24 III-3

2 553,540,000 277,622.70 247,616.36 60 13 161,756.53 50 1. 2 2006-00790 2007-00885 2 277,622.70 50 11,104,908 2. 2 (2013) 4812 4813 277,622.70 50 3. 12 0113150011315501131560107735 0107739044527104801630480954 0480955 12 152,369.83 III-4

4. 1 Pi Gui Jian Bei (2018) 001 1 9,386.70 5. 1 510124201730028 4 30,250.88 6. 1 510117201804120201 4 30,250.88 7. a. 2 b. c. 3 8. a) 60 b) c) d) e) 247,616.36 13 161,756.53 III-5

1. (a) 27 (2) (b) 2. [ ] (a) (i) (ii) IV-1

(iii) (i) (ii) (iii) (iv) (v) (iv) IV-2

(30) (v) (vi) (vii) 20 IV-3

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

(aa) (bb) (cc) (6) (dd) (ee) (ff) IV-5

(ii) (a) (b) (iii) (iv) IV-6

(v) (vi) IV-7

(vii) 622 (viii) (aa) IV-8

(bb) (cc) (dd) (ee) (c) (d) (e) (i) IV-9

(15) (ii) IV-10

(iii) (15) (18) (iv) (21) (20) (14) (10) (aa) (bb) (cc) (dd) (ee) (ff) (20%) IV-11

(gg) (v) (vi) (f) IV-12

(21) (g) (i) (ii) IV-13

(a) (b) (h) (2) IV-14

2.50 1.00 (i) 3 (f) (j) (i) (ii) (k) IV-15

3. (a) (b) (a) (b) (c) 37 (d) (e) IV-16

(c) (d) IV-17

(e) (f) (a) (b) (c) (a) (b) (c) (d) IV-18

(g) (h) (i) (ii) (iii) (i) (j) (1) (2) IV-19

(k) (l) (m) (n) (o) (60) IV-20

(p) 25% (q) (a) (b) (c) IV-21

21 (r) (75%) (s) (4) (90%) (4) (2) (1) (t) 4. Conyers Dill & Pearman IV-22

A. 1. [ ] 16 148 31 148 31 2. 380,000 38,000,000 0.01 Vast UniverseVast Universe 9,774 HFYX 225 [ ] [ ] 380,000 [ ] [ ] [ ] [ ] [ ] [ ] 0.01 [ ] 3. [ ] 3. [ ] (a) [ ] (i) V-1

(ii) (iii) [ ] 380,000 38,000,000 [ ] [ ] (iv) (i) [ ] [ ] (ii)[ ] [ ] [ ] [ ] (iii)[ ] [ ] [ ] (1) [ ] [ ] (2) [ ] (3) D. 1. (4) [ ] [ ] [ ] [ ] (v) V-2

[ ] 20% [ ] (vi) [ ] 10% [ ] (vii) (v) (vi) 4. 5. V-3

6. (a) (i) [ ] 10% (ii) (b) V-4

(c) (d) [ ] [ ] [ ] (i) (ii) (iii) (e) V-5

26 [ ] [ ] [ ] 10% [ ]% 8.08 B. 1. (a) V-6

(b) (c) (d) (i) (ii) (e) (f) (g) (h) V-7

(i) (j) (k) (l) (m) (n) (o) (p) (q) V-8

(r) (s) (t) (u) (v) [ ] 2. (a) 4566178 41 4566177 43 4566178 41 V-9

304516227 41 (b) 201520071614.9 201520220546.8 201730100110.X 2017207218410 V-10

(c) chcedu.cn yihms.cn yihms.com.com yihms.com chinagingkoedu.com chinayxedu.com.com C. 1. (a) [ ] [ ] XV XV 7 8 V-11

352 (i) (1) (2) [ ] (L) [ ] (3) [ ] (L) [ ] (1) L (2) Vast Universe Vast Universe (3) HFYX HFYX (ii) Vast Universe 1 100% HFYX 1 100% (b) V-12

(c) 440,000 9 192,000 720,000 2. [ ] [ ] XV 2 3 10% 3. V-13

4. (a) XV 7 8 352 (b) D. 8. (c) (d) (e) [ ] [ ] XV 2 3 10% (f) D. 8. (g) 5% V-14

D. 1. [ ] (a) (b) (i) (ii) (b) (f) (i) (ii) (iii) 1.00 V-15

(c) 1.00 (l)(m)(n)(o) (p) (r) (d) [ ] 10% [ ] (i) 10% V-16

(ii) 10% 17.02(2)(d) 17.02(4) (r) 30% 30% (r) (e) 12 1% 1% (i) 17.02(2)(d) 17.02(4) (ii) V-17

(1) (2) (3) (4) (c) (5) (6) (7) (8) (c) (9) (f) (r) (i) V-18

(ii) (iii) (g) 12 (i) 0.1% (ii) 5 (i) (ii) (iii) 17.02(2)(c) (d) 17.02 (4) V-19

(iv) 2.17 (h) XIVA (i) (ii) (iii) 60 (iv) 30 (i) (j) 10 V-20

10 10 10 (k) (l) (i) (m) (ii) (m) (n) 14 V-21

(o) (p) (q) V-22

(r) 17.03 (13) (s) (i) (ii) (l)(m)(n)(o) (p) (iii) (p) (iv) (o) (v) V-23

(vi) (i) (u) (t) (i) 17.03 (ii) (u) (i) (v) (w) V-24

(x) (i) (ii) (iii) (x) (i) (ii) (iii) (y) (z) [ ] 2. B. 1. (g) V-25

[ ] [ ] 3. 4. [ ] 3A.07 [ ] 5. 44,000 6. [ ] 7. (a) 0.1% V-26

(b) (c) [ ] 8. Conyers Dill & Pearman 1 6 V-27

9. 8 10. 8 11. 44A 44B 12. (a) (i) (ii) (iii) (iv) (b) (c) V-28

(d) 12 (e) [ ] [ ] [ ] (f) (g) (h) (i) (j) 13. 32L 4 V-29

(a) [ ] (b) D. 9. (c) B. 1. 14 8 39 (a) (b) (c) (d) (e) (f) Conyers Dill & Pearman (g) (h) (i) VI-1

(j) (k) B. 1. (l) C. 1. (b). (m) D. 9. (n) VI-2