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Transcription:

Production4:Annual Report:18103257-BExcellent Group-AR(e):Colored Pages p1_2_3_4:output PDF:BExcellentGroup_AnnualReport2018_Page1-4_OP PN: (1 / 4) User: MacAA000000 Modifi ed at: 2018-11-06 19:51 Printed at: 2018-11-06 19:54 trans: HCLS/SCLS/NIL

Production4:Annual Report:18103257-BExcellent Group-AR(e):Colored Pages p1_2_3_4:output PDF:BExcellentGroup_AnnualReport2018_Page1-4_OP PN: (2 / 4) User: MacAA000000 Modified at: 2018-11-06 19:51 Printed at: 2018-11-06 19:54 trans: HCLS/SCLS/NIL

Production4:Annual Report:18103257-BExcellent Group-AR(e):Colored Pages p1_2_3_4:output PDF:BExcellentGroup_AnnualReport2018_Page1-4_OP PN: (3 / 4) User: MacAA000000 Modifi ed at: 2018-11-06 19:51 Printed at: 2018-11-06 19:54 trans: HCLS/SCLS/NIL

Production4:Annual Report:18103257-BExcellent Group-AR(e):Colored Pages p1_2_3_4:output PDF:BExcellentGroup_AnnualReport2018_Page1-4_OP PN: (4 / 4) User: MacAA000000 Modifi ed at: 2018-11-06 19:51 Printed at: 2018-11-06 19:54 trans: HCLS/SCLS/NIL

24 2018 54 2018 7 31 658,000 0.9% 664,000 10.9 12.1 11.0% 376,400,000 8.4% 408,100,000 41,200,000 38,500,000 7.0% 2018 7 31 79 444 8 Beacon Plus 2018 1

5** 5 36 2019 30 2019 29 Ascent Prep 2018 10 26 2 2018

3 2018 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 333,040 360,039 13,180 11,213 30,176 36,868 0 20 40 60 80 100 89 97 630,000 640,000 650,000 660,000 670,000 680,000 690,000 700,000 710,000 658,000 664,000 4,000 3,000 37,000 37,000 0 3 6 9 12 15 10.9 12.1

1 3 4 5 6 13 16 31 38 48 52 53 54 55 56 57 93 95 4 2018

CPA CPA Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 388 12 01 03 05 06 Conyers Trust Company (Cayman) Limited Cricket Square Hutchins Drive PO Box 2681 Grand Cayman KY1-1111 Cayman Islands 183 22 www.bexcellentgroup.com 1775 22 2018 5

2018 7 31 18 128 3,873 i) ii) iii) 2018 2017 7 31 7 31 2018 2017 % % 360,039 88.2% 333,040 88.5% 11,213 2.8% 13,180 3.5% 36,868 9.0% 30,176 8.0% 408,120 100.0% 376,396 100.0% i) 2018 7 31 (i) 55,000 2017 60,000 664,0002017658,000 6 2018

20182017 7 31 7 31 2018 2017 478 285,449 466 256,156 86 35,735 95 42,083 100 38,855 97 34,081 664 360,039 658 333,040 542 506 2016 2017 7 31 3,760 35 0.9% 2018 7 31 3,725 2018 7 31 18,000,000 2017 6,800,000 (i) (ii) 2018 7 31 LED ii) 14.9% 2018 7

iii) (i) (ii) (iii) VIP (iv) (v) (QCF)Ascent Prep 20182017 7 31 7 31 2018 2017 12,557 12,285 9,432 5,562 VIP 7,296 6,831 2,137 2,164 5,446 3,334 36,868 30,176 VIP 2018 7 31 69.6% 2017 31.5%(i) (ii) 2017 7 31 1,867 1,834 98.2% 2018 7 31 3,701 (i) (ii) (i) (ii) (iii) (iv) 8 2018

2018 8 Beacon Plus LED (i) (ii) (iii) 2017 7 31376,400,000 31,700,0008.4%2018 7 31 408,100,000 (i)27,000,000(ii) 6,700,000 2,000,000 2017 7 31333,000,000 27,000,0008.1% 2018 7 31 360,000,000 (i) 506 7.1% 542 (ii) 2017 7 31658,000 6,0000.9%2018 7 31 664,000 2017 7 31 30,200,000 6,700,000 22.2% 2018 7 31 36,900,000 2017 7 31 5,600,000 3,900,000 69.6% 2018 7 31 9,400,000 VIP 2017 7 31 13,200,000 2,000,000 14.9% 2018 7 31 11,200,000 57.2% 201757.9% 2018 2017 104,650 25.6 106,008 28.2 106,322 26.1 83,606 22.2 53,809 13.2 52,483 13.9 14,850 3.6 16,548 4.4 89,320 21.9 69,039 18.3 2018 9

(i) (ii) 2017 7 31 106,000,000 1,300,000 1.3% 2018 7 31 104,700,000 (i) (ii) 2017 7 31 83,600,000 2018 7 31106,300,000(i) (ii) (iii) 13.2% 2017 13.9%) 2017 7 31 52,500,000 1,300,000 2.5% 2018 7 31 53,800,000 2017 7 31 16,500,000 2018 7 31 14,900,000 2017 7 31 69,000,000 20,300,000 29.4% 2018 7 31 89,300,000 (i) 14,600,000 (ii) 2018 7 31 30,000,000 7.4% 2017 7 31 30,400,000 8.1% 2017 7 31 7,900,000 2018 7 31 6,900,000 2018 2017 7 31 22.2% 18.8% 2017 7 31 34,100,000 29.0% 2018 7 31 24,200,000 10 2018

7 31 2018 2017 24,165 34,051 14,752 2,200 2,236 2,222 41,153 38,473 10.1% 10.2% 2018 7 31 2018 7 31 3.0 1.0 2018 12 11 2018 7 31 20,000,000 2018 7 31 40,000,000 2018 12 28 2018 7 31 2018 2017 7 31 2018 11

2018 7 92,000,000 2018 7 31 1,400,000 2018 7 13 2018 7 31 2018 7 31 i) 31.1 31.1 ii) 23.3 23.3 iii) iv) 12.8 12.8 16.9 0.3 16.6 5 v) 5.8 1.0 4.8 2018 vi) 2.1 0.1 2.0 92.0 1.4 90.6 12 2018

53 2015 4 15 2018 6 21 Beacon Group Limited JR (TM) Limited JR (YL) Limited 29 1989 12 2011 5 1999 2 45(1) 2015 520152017 11 2017 53 2015 4 15 2018 6 21 14 20 22 1987 4 1996 8 Wardley Thomson Limited 57 2015 9 9 2018 6 21 30 28 19861987 1987 1990 1986 7 Northcote College of Education1997 6 (University of Wolverhampton) 1986 11 45(1) 46 2015 9 9 2018 6 21 30 1989 2000 29 2008 4 2011 2 (Chartered Institute of Management) 2013 10 (Chartered Institute of Marketing) 2018 13

39 2017 9 18 2018 6 21 2000 12 2006 9 2009 8 2012 6 2012 7 2018 7 2018 7 Yew Wah Global Institute of Lifestyle Management GLOs (Glocal Living Office) Group GLOs (Glocal Living Office) Group 462017 11 171995 22007 12 10 2013 2016 DHL Express2012 2013 1995 1 2005 12 2007 12 2293 8026 GEM 8041 GEM 56 2018 6 21 1985 7 1989 1 Coopers & Lybrand 1989 1 1992 6 1992 71993 12 Leading Spirit (Holdings) Company Limited 2000 8 2003 9 Team Work Corporation Limited In Technical Productions Holdings Limited8446 GEM 1999 6 2000 7 326 19881988 2004 1985 2007 14 2018

742018 6 211965 11 1969 11 3822 6038 CPA 36 2014 12 14 2004 9 2006 11 Grant Thornton 2009 10 2011 12 2012 10 2014 12 2004 11 2008 4 40 2002 9 2012 4 2013 6 2018 8 2002 2 2002 7 2001 12 2015 8 University of Iowa 2005 1 2013 4 2014 30 2010 6 2013 7 2010 12 CPA 2015 9 9 2018 15

2018 7 31 2015 4 15 80 81 14 2018 7 31 622 5 1 2 6 12 30 2018 7 31 2018 7 31 2018 7 31 72 5 16 2018

2018 7 31 52 92 2018 7 31 3.0 1.0 2018 12 11 2018 7 31 20,000,000 2018 7 31 40,000,000 2018 12 28 2018 12 11 2018 12 6 2018 12 11 2018 12 5 183 22 2018 7 31 2018 12 17 2018 12 18 2018 12 14 183 22 93 94 13 2018 7 31 2018 7 31 16 2018 7 31 2017 7 24 2018 17

2018 7 31 87 882655 2018 7 31 136,200,000 2017 22,500,000 2018 7 31 30% 53.9% 68,700,000 32.5% (ii) VIP 28.1% 46,200,000 21.9% 2018 7 31 5% 2018 7 31 2017 9 18 2017 11 17 2018 6 21 2018 6 21 13 15 84 18 2018

2018 7 31 29 14A 2914A 14A 29 2018 7 31 2018 7 31 XV 352 2018 19

(%) 1 375,000,000 75% 1 375,000,000 75% 2 3,600 60% 1,560 26% 180 3% 180 3% 3 3,000 30% 1. 75% 60% 26% 4% 4% 3% 3% 2. 75% 60% 26% 4% 4% 3% 3% 3. Beacon Group Limited 70% 30% 2018 7 31 XV (i) XV 7 8 (ii) 352 (iii) 20 2018

2018 7 31 XV23 336 (%) 375,000,000 75% 1 375,000,000 75% 1 375,000,000 75% 2 25,000,000 5% 2 25,000,000 5% 1. 75% 60% 26% 4% 4% 3% 3% 2. 25,000,000 5% 2018 7 31 2018 7 31 XV2 3 336 2018 21

2018 7 31 2018 6 21 2018 7 12 0.54 1.08 50% 1.00 5.0% (a) (b) 30% 12 48 30% 24 60 22 2018

(c) 40% 36 72 (a) (b) 2018 6 27 2018 7 31 2018 6 27 0.54 25,000,000 2018 7 13 2017 7 31 2018 7 31 25,000,000 25,000,000 12 2018 7 31 2018 23

1. 2018 6 21 (a) (c) (b) (10) (c) (d) (d) (q) (i) (ii) (5)(iii) (e) 30% 30% 50,000,000 10% 24 2018

10% (f) 12 1% 1% (g) 12 (i)0.1%(ii) 5,000,000 (h) (a) (b) 2018 25

(i) (28) 1.00 (j) (k) (i) (l) (10) (m) (1) (m) 26 2018

(n) (12) (o) (14) (p) (5) (q) (i) (ii) (iii) 2018 27

(r) (s) (e) 10% (f) 1% (t) (i) (ii) (l) (m) (n) (iii) (p) (o) (iv) (v) (vi) (o) (j) 28 2018

(u) 17 17 (v) 2018 7 31 381 2017 355 672 2017 567 1.08 125,000,000 92,000,000 12 1,400,000 2018 29

2018 7 31 76,000 2017 39,000 622 2018 7 31 2018 8 12018 10 22 2018 7 26 (i)gg (ii) (iii) (iv) G 2018 10 22 G 2018 7 31 2018 7 31 2018 7 31 2018 10 26 30 2018

2018 7 31 2018 7 31 C.2.5 14 10 2018 31

CPA 2018 7 31 15 2018 7 13 2018 7 31 2018 7 31 A.1.1 3.13 A.4.1 A.4.2 32 2018

(i) (ii) (iii) (iv) (i) (ii) 2018 7 31 3.21 (i) (ii) (iii) 2018 33

2018 7 31 (i) 2018 7 31(ii)2018 7 31 (iii)2018 7 31 (iv)(v) 3.25 2018 7 31 (i) (ii) (iii) 2018 7 31 7(b) 2018 7 31 1 500,000 500,001 1,000,000 3 1,000,001 1,500,000 2 1,500,001 2,000,000 2 7 (i) (ii) (iii) (iv) 34 2018

2018 7 31 2018 10 26 571 2018 7 31 2018 7 31 48 51 2018 35

2018 7 31 1,400 2,750 100 4,250 2018 7 31 36 2018

58 21 ir@beacon.com.hk 2018 6 21 2018 37

18 2018 7 31 (i) 55,000 (ii) 380 (iii) 37,000 523 2018 10 2008 2018 27 2018 7 31 88.2% 2.8% 9.0% 38 2018

ir@beacon.com.hk A A1 (i (ii)(iii) 311 358 374 354 2018 39

22,652 446 1,668 1 71.565 0.161 10.387 2687.157 1 2 769.27 3 溫室氣體排放總量 :769 噸 1 10.7% 2 89.3% 15.188 0.190 0.176 2018/19 A2 40 2018

18 LED 2017/18 1,266,759 3,104 681 1.67 0.14355 2.016 2018 41

A3 B 2018 7 31381 672 523 79 9 71 364 704,000 B1 485 5 42 2018

2015 (i) (ii) 161 121 40 11 19 1 8 0 100 201 143 221 6 0 0 1 B2 2018 2018 43

B3 2018 9 2018 B4 B5 44 2018

B6 5**/5* DVD 2017 9 457 486 B7 201 2018 9 10 2018 45

B8 2013 2012 2017/18 1,000 2014 500 41 25 2008 Lifelong Animal Protection Charity 2018 2018 (Walk for Hong Kong)(Blood Donation Drive) (Community Care in Mid-Autumn Festival) 46 2018

20142016 2018 10 2018 2018 am730, RoadShow 2018 Enterprise Market Leadership Award Market Leadership in Education Business 2017/2018 2017 2017 2008 2018 2018 47

52 92 2018 7 31 2018 7 31 22 +852 2289 8888 +852 2810 9888 www.pwchk.com 48 2018

2018 7 31 408,000,000 5 2.13 2.17 2018 7 31 7,400,000 18 2.10 4(a) 2018 49

50 2018

2018 10 26 2018 51

2018 7 31 2018 2017 5 408,120 376,396 6 1,396 1,063 6 (335) (347) 7 (104,650) (106,008) (106,322) (83,606) (53,809) (52,483) (14,850) (16,548) (89,320) (69,039) 13 (9,166) (7,479) 9 31,064 41,949 10 (6,899) (7,898) 24,165 34,051 (395) 395 23,770 34,446 25,883 34,426 (1,718) (375) 24,165 34,051 25,488 34,821 (1,718) (375) 23,770 34,446 11(a) 6.78 9.18 11(b) 6.78 9.18 52 2018

2018 7 31 2018 2017 13 28,928 20,449 18 9,809 14,099 15 3,589 1,719 16 2,000 2,395 44,326 38,662 17 1,328 976 18 35,621 29,121 53 55 19 45 20 166,700 52,990 20 914 913 204,616 84,100 248,942 122,762 24 120,956 26 10,640 8,799 25 63,613 57,730 195,209 66,529 27 (310) 1,408 194,899 67,937 19 42 21 15,880 19,320 22 26,086 22,035 9,412 10,526 51,378 51,923 23 2,637 2,885 15 28 17 2,665 2,902 54,043 54,825 248,942 122,762 52 92 2018 10 26 2018 53

2018 7 31 2018 2017 14 20,700 20,700 19 8,000 1,836 72 128,404 136,476 1,836 157,176 22,536 24 120,956 26 25,629 23,393 25 (5,400) (857) 141,185 22,536 19 15,938 53 15,991 157,176 22,536 52 92 2018 10 26 54 2018

2018 7 31 2016 8 1 6,182 98,304 104,486 (275) 104,211 34,426 34,426 (375) 34,051 16 395 395 395 395 34,426 34,821 (375) 34,446 2,058 2,058 12/28(b) (75,000) (75,000) (75,000) 8 2,222 2,222 2,222 2,222 (75,000) (72,778) 2,058 (70,720) 2017 7 31 8,799 57,730 66,529 1,408 67,937 25,883 25,883 (1,718) 24,165 16 (395) (395) (395) (395) 25,883 25,488 (1,718) 23,770 12/28(b) (20,000) (20,000) (20,000) 24 135,000 135,000 135,000 24 (14,044) (14,044) (14,044) 8 2,236 2,236 2,236 120,956 2,236 (20,000) 103,192 103,192 2018 7 31 120,956 10,640 63,613 195,209 (310) 194,899 2018 55

2018 7 31 2018 2017 28(a) 48,388 35,827 (9,871) (6,793) 38,517 29,034 (17,979) (6,782) 16 (2,000) (1) (2) 10 2 (17,970) (8,782) 24 135,000 (21,834) (2,200) 12/28(b) (20,000) (34,069) 2,058 93,166 (34,211) 113,713 (13,959) 52,990 66,949 (3) 166,700 52,990 56 2018

1 22 1961 3 2018 7 13 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 2 2.1 4 2018 57

2 2.1 1 28 2014 2016 2018 1 1 1 2018 1 1 2 2018 1 1 4 9 2018 1 1 4 9 2018 1 1 15 2018 1 1 15 15 2018 1 1 28 2018 1 1 40 2018 1 1 22 2018 1 1 2015 2017 2019 1 1 19 2019 1 1 9 2019 1 1 282011 2019 1 1 23 2019 1 1 16 2019 1 1 17 2021 1 1 10 28 2018 7 31 58 2018

2 2.1 (i) 9 39 9 39 9 39 15 2018 8 1 9 9 2018 59

2 2.1 (ii) 15 18 11 15 15 2018 8 1 2018 8 1 2018 7 31 (iii) 16 2.2030(b) 20182017 7 31 87,960,000 82,893,000 16 2019 1 1 60 2018

2 2.2 (i) 39 (ii) 2018 61

2 2.3 2.4 (a) (b) 2.5 5 5 3 5 5 2.6 62 2018

2 2.6 2.7 (a) (i) 12 2.10 2.11 (ii) 12 (b) 2.8 2018 63

2 2.9 (a) (b) 2.10 2.11 2.12 64 2018

2 2.13 2.14 2.15 2.16 (a) 2018 65

2 2.16 (b) (c) 2.17 (i) (ii) (iii) 66 2018

2 2.18 (a) (b) (c) 2.19 (a) (b) 2.20 2018 67

2 2.21 2.22 2.23 (1) (i) (ii) (iii) (2) (i) (ii) (iii) (iv) (v) (vi) (1) (vii) (1)(i) 68 2018

3 3.1 (a) (i) (ii) (b) 2018 69

3 3.1 (c) 2017 7 31 20,374 942 21,316 42 42 2018 7 31 24,102 422 24,524 3.2 2018 2017 7 31 3.3 2018 2017 7 31 1 1 2 3 70 2018

3 3.3 2018 2017 7 31 3 2016 8 1 16 2,000 395 2017 7 31 8 1 2,395 (395) 2018 7 31 2,000 4 (a) (b) 2.19(b) 8 2016 6 3 2018 6 27 2018 71

4 (c) (d) 5 2018 2017 360,039 333,040 11,213 13,180 36,868 30,176 408,120 376,396 VIP 72 2018

6 2018 2017 1,386 1,061 10 2 1,396 1,063 (334) (347) (1) 7 (335) (347) 2018 2017 100,461 101,872 a 4,189 4,136 104,650 106,008 (a) 5% 2014 6 1 1,500 (b) 2018 7 31 (i) (ii) (iii) 1,344 1,056 18 2,418 1,200 18 1,218 1,680 18 1,698 960 18 978 342 342 127 127 5,653 1,056 72 6,781 2018 73

7 (b) 2017 7 31 (i) (ii) (iii) 1,354 1,046 18 2,418 974 228 18 1,220 1,680 18 1,698 960 18 978 4,968 1,274 72 6,314 (i) (ii) (iii) (iv) 2018 2017 7 31 (c) 2018 2017 7 31 74 2018

7 (d) 2018 2017 7,728 10,934 90 90 7,818 11,024 2018 7 31 3 (2017 3 2018 2017 1 500,000 500,001 1,000,000 1,000,001 1,500,000 2 1,500,001 2,000,000 2,000,001 2,500,000 2,500,001 3,000,000 1 3,000,001 3,500,000 1 2 2 2018 7 31 2017 8 2016 6 3 50% 5% 30% 30% 40% 2018 7 31 2,236,00020172,222,000 2018 75

8 2018 2017 54 25,000,000 54 25,000,000 54 25,000,000 54 25,000,000 0.858%-1.276% 35% 0% 0.6504 9 2018 2017 1,506 526 14,752 2,200 51,237 50,133 30,048 30,445 10 2018 2017 8,758 7,905 15 (1,859) (7) 6,899 7,898 2018 7 31 16.5% 2017 16.5% 76 2018

10 2018 2017 31,064 41,949 16.5% 5,126 6,922 (2) 2,236 1,069 (17) 1 (506) 44 (76) 6,899 7,898 11 (a) 2018 2017 25,883 34,426 (i) 381,507 375,000 6.78 9.18 (i) 2018 7 31 381,507,000 (i) 2017 7 31 10 (ii) 2018 6 21 374,999,990 2017 8 1 (iii) 2018 7 13 125,000,000 2017 7 31 375,000,000 (i) 2015 4 15 1 2015 10 2 10 (ii) 2018 6 21374,999,990 2016 8 1 2018 77

11 (b) 2018 2017 25,883 34,426 6.78 9.18 2018 2017 381,506,849 375,000,000 393,122 381,899,971 375,000,000 12 2018 7 31 2017 12 29 20,000,000 2017 7 31 2016 12 28 2017 7 26 50,000,000 25,000,000 78 2018

13 2016 8 1 32,297 7,337 20,203 2,413 62,250 (17,344) (5,552) (16,142) (1,719) (40,757) 14,953 1,785 4,061 694 21,493 2017 7 31 14,953 1,785 4,061 694 21,493 4,528 208 2,046 6,782 (4,856) (634) (1,774) (215) (7,479) (167) (59) (121) (347) 14,458 1,300 4,212 479 20,449 2017 7 31 31,761 6,756 20,940 2,413 61,870 (17,303) (5,456) (16,728) (1,934) (41,421) 14,458 1,300 4,212 479 20,449 2018 7 31 14,458 1,300 4,212 479 20,449 11,329 620 5,373 657 17,979 (6,566) (637) (1,748) (215) (9,166) (334) (334) 18,887 1,283 7,837 921 28,928 2018 7 31 42,178 7,376 26,313 3,070 78,937 (23,291) (6,093) (18,476) (2,149) (50,009) 18,887 1,283 7,837 921 28,928 2018 79

14 2018 2017 7 31 7 31 2018 2017 Beacon Group Limited 2015 3 6 1 100% 100% Advance Bestway Limited 2014 2 11 10,000 100% 100% Ascent Prep International Education Limited 2017 2 7 4,200,000 51%* 51%* 1993 7 13 30,000 100% 100% 2011 4 21 1 100% 100% 2000 9 18 2,000 100% 100% 2001 5 11 2002 6 19 2001 3 9 2014 2 28 2015 6 2 2005 11 17 2 100% 100% 2,000 100% 100% 2 100% 100% 10,000 70% 70% 1,000 70% 70% 10,000 100% 100% JR (CB) Limited 2002 9 27 10,000 100% 100% JR (MK) Limited 2002 7 31 2 100% 100% JR (ST) Limited 2002 5 29 2,000 100% 100% 80 2018

14 2018 2017 7 31 7 31 2018 2017 JR (TM) Limited 2002 6 19 2,000 100% 100% JR (YL) Limited 2002 6 19 2004 3 11 2,000 100% 100% 2 100% 100% * 49%2.4% 15 2018 2017 3,589 1,719 (28) (17) 3,561 1,702 1,702 1,695 1,859 7 3,561 1,702 2016 8 1 1,536 159 1,695 (205) 229 24 2017 7 31 1,331 388 1,719 110 946 814 1,870 2018 7 31 1,441 1,334 814 3,589 2018 81

15 2018 2017 (17) (11) (17) (28) (17) 2018 7 31 9,000 2017 1,000 2017 16 2018 2017 2,395 2,000 26 (395) 395 2,000 2,395 3 3.3 17 2018 2017 1,468 976 (140) 1,328 976 82 2018

17 2018 2017 7 31 2018 2017 1 30 1,175 705 31 60 2 39 60 291 232 1,468 976 2018 7 31 1,328,000 2017 976,000 20182017 7 31 2018 2017 1 30 1,175 705 31 60 2 39 60 151 232 1,328 976 2018 2017 140 140 2018 2017 7 31 2018 2017 1,345 976 106 17 1,468 976 2018 83

18 2018 2017 i 7,440 6,394 ii 37,990 36,826 45,430 43,220 9,809 14,099 35,621 29,121 (i) (ii) 2018 7 31 2017 19 2018 2017 45 (42) 8,000 1,836 (15,938) 20 2018 2017 166,700 52,990 3 914 913 167,614 53,903 84 2018

20 2018 2017 167,486 53,873 30 30 73 25 167,614 53,903 21 22 1,984,000 2017 1,661,000 2018 2017 3,604 3,183 654 1,087 (59) (666) 4,199 3,604 23 (2,215) (1,943) 1,984 1,661 23 2018 2017 22 2,215 1,943 422 942 2,637 2,885 2018 85

24 2018 2017 (a) 38,000,000 380 38,000,000 380 (b) 9,962,000,000 99,620 10,000,000,000 100,000 38,000,000 380 (a) 10 10 (c) 374,999,990 (d) 125,000,000 135,000 (14,044) 500,000,000 120,956 10 (a) (b) (c) (d) 2015 4 15 380,000 3,800,000 0.1 1 2015 10 2 0.10 10 0.01 380,000 38,000,000 0.01 1 10 2018 6 21 9,962,000,000 38,000,000 0.01 10,000,000,000 0.01 2018 6 21 3,749,999.90374,999,990 2018 7 13 1.08 125,000,000 0.01 86 2018

25 2018 2017 57,730 98,304 25,883 34,426 12 28(b) (20,000) (75,000) 63,613 57,730 2018 2017 (857) (10,335) 15,457 9,478 12 28(b) (20,000) (5,400) (857) 26 2016 8 1 471 5,711 6,182 8 2,222 2,222 16 395 395 2017 7 31 395 2,693 5,711 8,799 8 2,236 2,236 16 (395) (395) 2018 7 31 4,929 5,711 10,640 2018 87

26 2016 8 1 471 95,700 96,171 8 2,222 2,222 12 (75,000) (75,000) 2017 7 31 2,693 20,700 23,393 8 2,236 2,236 2018 7 31 4,929 20,700 25,629 Beacon Group Limited 2018 7 31 12 27 2018 7 31 (310,000) 2017 1,408,000 2018 7 31 1,329,000 2017 1,901,000 Ascent Prep International Education Limited Ascent Prep International Education Limited 2017 7 31 2018 2017 7 31 Ascent Prep International Education Limited BEE-2-BEE Limited 88 2018

27 Ascent Prep International Education Limited 2018 2017 1,110 3,545 (2,218) (137) (1,108) 3,408 2,480 690 (207) (220) 2,273 470 1,165 3,878 Ascent Prep International Education Limited 2018 2017 2,014 115 (2,128) (198) (1,230) (204) (134) (1,551) (96) (215) (3,244) (383) 531 61 (2,713) (322) (1,384) (164) (1,329) (158) (2,713) (322) 2018 89

27 Ascent Prep International Education Limited 2018 2017 79 (1,796) (1,628) 4,200 (1,549) 2,404 855 2,404 28 (a) 2018 2017 31,064 41,949 9,166 7,479 334 347 2,236 2,222 (10) (2) 1 (349) (507) 4,318 (9,746) 45 (45) (42) 12 (3,441) (868) 5,066 (5,014) 48,388 35,827 90 2018

28 (b) 2017 7 31 75,000,000 34,069,000 2016 8 1 3,005 3,005 (2,200) (34,069) (36,269) 619 34,069 34,688 2017 7 31 1,424 1,424 (1,263) (20,000) (21,263) 5,309 20,000 25,309 2018 7 31 5,470 5,470 29 (a) 2018 2017 7 31 Hong Kong International Affairs Consultancy Company Limited 20182017 7 31 2018 2017 Hong Kong International Affairs Consultancy Company Limited i 60 240 ii (59) (45) 1 195 2018 91

29 i ii iii 7(b) 30 (a) 2018 2017 289 360 (b) 2018 2017 46,903 40,599 41,057 42,294 87,960 82,893 31 2018 7 31 2017 32 2018 3 2018 10 22 2018 8 1 2018 10 22 92 2018

7 31 2018 2017 2016 2015 408,120 376,396 376,225 327,817 1,396 1,063 244 185 (335) (347) (489) (122) (378,117) (335,163) (338,181) (290,965) 31,064 41,949 37,799 36,915 24,165 34,051 30,268 30,769 1 41,153 38,473 40,603 32,814 10.1% 10.2% 10.8% 10.0% 1 7 31 2018 2017 2016 2015 55 60 64 62 664 658 681 600 12.1 10.9 10.7 9.6 2 3,725 3,760 4,145 4,390 97 89 81 65 3 38.0 39.3 34.6 28.9 2 3 (a) (b) 2018 93

2018 2017 2016 2015 44,326 38,662 34,216 27,015 204,616 84,100 129,539 97,987 248,942 122,762 163,755 125,002 194,899 67,937 104,211 73,469 51,378 51,923 55,890 50,210 2,665 2,902 3,654 1,323 248,942 122,762 163,755 125,002 153,238 32,177 73,649 47,777 7 31 2018 2017 2016 2015 38,517 29,034 53,867 32,018 7 31 2018 2017 2016 2015 17,979 6,782 10,551 6,945 94 2018

9 6 279F 279 (HKDSE) 3 4 75 90 IELTS 60 75 2018 6 30 QCF 9 6 60 75 2018 95

7 8 93 6 60 75 2015201620172018 7 31 2015201620172018 7 31 VIP 96 2018