Standard Bank Asia Limited C % 0.005%0.005% 0.002%

Standard Bank Asia Limited 32 342C 1.61 1% 0.005%0.005% 0.002% 1.13 1.61

.............................................................................................. 1. 2. 3. i

4. 1,000,000 56 1,000,000 5. 6. (i) (ii) ii

........................................................... i.................................................................. 1.................................................................. 10.............................................................. 17.............................................................. 19.......................................... 27............................................ 31.............................................................. 37.............................................................. 40............................................................. 47.................................................. 49...................................................... 50............................................................. 52......................................................... 53......................................................... 57...................................................... 62......................................................... 63.................................................. 65............................................................. 68............................................................. 69......................................................... 70......................................................... 71 iii

.............................................. 73.......................... 79.................................................................. 81............................................................. 84.................................. 85 13.13 19.............................. 87......................................... 88...................................................... 88...................................................... 88.................................................... 88......................................................... 90..................................... 92............................................................. 99......................................................... 100......................................................... 100.............................................. 100.................................................... 103.................................................. 105.................................................... 106.................................................................. 108....................................................... 113................................................ 121............................................... 130................................................. 173.................................... 176................................................. 178.................... 197.......................................... 223............................... 249 iv

Gap Inc. Target Corp. May Department Stores Eddie Bauer Inc. Associated Merchandising Corp. Sears 1% 1,101,600,000 96,400,000 385,800,00028,300,000 82.1% 85.2% 85.7% 84.6% 74,400,000101,500,000 1

59.2% 27.9% 12.9% 2

80,000,000 30,000,000 15,000,000 35,000,00017531,000,000 689,000,000 120,000,000 3

35,000,000 25,000,000 22,000 7,000 18,000 1.37 1.13 1.61 219,000,000 203,000,000 100,000,00035,000,000 31,000,0009,000,000 25,000,000 4

50,000,000 15,000,000 12,000,000 10,000,000 16,000,000 1.61 37,000,00060% 20% 20%1.13 37,000,000 8,000,000 8,000,000 8,000,000 13,000,000 1.37 1.13 1.61 32,000,00060% 20% 20% 5

1 711,620 980,192 1,101,581 385,827 2 (585,473) (758,892) (822,925) (296,666) 126,147 221,300 278,656 89,161 1 1,708 6,477 3,193 1,481 (42,110) (56,541) (62,856) (22,503) (55,668) (76,539) (92,370) (32,226) (2,200) (2,912) (1,132) 2,045 27,877 91,785 125,491 37,958 (5,098) (6,240) (10,357) (4,249) 22,779 85,545 115,134 33,709 (1,768) (3,998) (18,778) (5,413) 21,011 81,547 96,356 28,296 3 4.4 17.0 20.1 5.9 6

1. 703,405 971,340 1,090,190 383,289 8,215 8,852 11,391 2,538 711,620 980,192 1,101,581 385,827 680 5,937 2,027 1,000 979 374 377 59 49 166 789 422 1,708 6,477 3,193 1,481 2. 19,400,000 3. 480,000,0002,000,000 478,000,000 4. 7

.............. 103,000,000 (a).........................................19.7 (b).....................................16.1................................. 723,200,000 1,030,400,000 (a).................. 5.7 8.2 (b).............. 7.0 10.0. 0.79 0.91 (1) (i) (ii) (2) (3) 523,715,847 (4) 640,000,000 (5) (3) (4) (6) 640,000,000 8

22 32 10

Exceed Standard Exceed Standard Limited Joint Result Joint Result Holdings Limited Kam Hing Enterprise Limited Kam Hing (Tai s) Holdings Company Limited 11

Kam Hing Piece Works (S) Pte Ltd 485 12

1.61 1.13 30 24,000,000 144,000,000 13

Standard Bank Asia Limited Power Strategy Power Strategy Limited 16,000,000 Standard Bank Asia Limited 14

S S 144A 144A Exceed Standard Exceed Standard24,000,000 571 0.10 6 1 3 4 15

Exceed Standard Power Strategy 16

840 ISO 17

64.7% 66.4% 65.4% 62.6% 38.7% 42.1% 36.2% 28.4% 82.1% 85.2% 85.7% 84.6% 27.7% 32.4% 27.5% 31.6% 15.2% 16.0% 6.9% 12.8% 19

3,795 5.4% 20

800,000 0.2% A 5,151 3.3% 2,200,000 Exceed Standard Power Strategy 80,731.3 50 21

Exceed Standard Power Strategy 24% 50% 24% 70.3% 70.0% 61.5% 22

29,980,000 50,000,000 29,980,00080,000,000 29,980,000 90 20% 12 20%44,200,000 20% 20% 9012 15% 15% 23

Exceed Standard Power Strategy 232.2% 159.6% 78.0% 95.2% 370,000,000 156,400,000213,600,000 7.5% 24

7.5% 25

20 26

1. 2. 3. 27

S 144A S 903904 40 (a) 19(5)(b) 49(2) 28

2891 4274 275 (a) 1 4 274275 (b) 29

2,000 30

8 9 21 A B 8 10 11 A 8 9 21 A B 8 10 11 A 31

7 4 5 11 H 101 2 23 A 2 1A 32

16-18 25 16-18 25 16-18 25 1 43 89 1 39 89 1 5 2 1503 16 9 902 10 5 33

21-23 23 16-18 11 95 11 15 32 3203-04 Standard Bank Asia Limited 88 36 16-18 25 1 43 89 1 39 89 1 5 34

2 1503 16 9 902 10 5 21-23 23 16-18 11 95 11 15 32 3203-04 Standard Bank Asia Limited 88 36 8 39 35

Conyers Dill & Pearman, Cayman Century Yard Cricket Square Hutchins Drive George Town Grand Cayman British West Indies 555 18 Ang & Partners 150 Beach Road #32-00 The Gateway West Singapore 16-20 3 718 29 10 15 188 22 83 36

Century Yard Cricket Square Hutchins Drive P.O. Box 2681GT George Town Grand Cayman British West Indies 43-47 8 5 9 CPA CPA 8 9 21 A B 8 10 11 A I 51 37

1 289 16 241 345 338 41 38

Bank of Bermuda (Cayman) Limited PO Box 513 GT Strathvale House North Church Street George Town Grand Cayman Cayman Islands British West Indies 56 39

26 4.6%206 13.5% 40

55.6 2.6 4.6% 56.4 3.7 6.6% 104.3 7.2 6.9% 151.6 13.9 9.2% 154.2 16.1 10.5% 147.0 16.8 11.4% 152.2 20.6 13.5% 1,573 23,80612.8% 225 59 970 500 8% 17.6%20.0% 41

% % % % % % % % 17.6% 22% 17.7% -9% 19.2% 10% 20.0% 16% 22.5% 17% 25.4% 3% 25.5% 2% 27.1% 8% 44.4% 3% 42.1% -14% 41.2% -1% 38.8% 5% 6.7% 5% 6.3% -15% 6.0% -3% 6.1% 4% 4.2% 20% 4.1% -12% 4.4% 9% 4.7% 21% 4.2% 8% 4.1% -12% 3.5% -13% 3.1% -6% 0.3% -2% 0.4% 2% 0.3% -6% 0.3% -13% 13.5% % 22.7 11.2% 8.0 15.8% 9.9 20.1% 8.8 8.5% 42

13,2485,000,000 280 6,370 5.8% 206 12.5% 22.9% 6.3% 12.8 13.0 16.1 16.8 20.6 12.5 19.7% 42.2% 11% 13% 28% 11% 37% 43

51% 7.5% 7.5% 44

667 31.7% 8 7 6 5 4 3 2 1 0 70% 63,960 81,600 45

2,860 3,110 2.1% 320 310 300 290 280 270 60.8% 12.6% 46

Gap Inc. Target Corp. May Department Stores Eddie Bauer Inc. Associated Merchandising Corp. Sears 1% 1,101,600,000 96,400,000 385,800,00028,300,000 82.1% 85.2% 85.7% 84.6% 74,400,000101,500,000 59.2% 27.9% 12.9% 47

80% 20% 100% 100% 60% 15% 25% 100% 100% 100% 100% 100% 100% 100% 100% 100% 1. Exceed Standard 2. Power Strategy 3. 4. 49

80% 20% 17,500,000 ISO9001:2000 Julie Ade Umbara98% 2% Julie Ade Umbara 50

80% 20% Julie Ade Umbara 50,000 230,000 12.8 33.1 56.7 74.4 37.1 71.6 84.2 101.5 48,000,0007,000 29,000,000 51

T 52

17.8 20.2 30.2 30.1 38.2 38.5 12.7 12.3 10.3 11.6 17.5 17.5 17.7 17.8 6.1 6.0 3.1 3.5 3.7 3.7 5.9 5.9 2.2 2.2 31.2 35.3 51.4 51.3 61.8 62.2 21.0 20.5 25 53

508,000 54

12.8 33.1 56.7 22.5 37.1 71.6 84.2 30.4 84.3% 75.2% 77.4% 78.2% 84.1% 71.7% 73.3% 69.0% 10.8 24.9 43.9 17.6 31.2 51.4 61.8 21.0 56

70% 6.3% 38,700,000 14.5% 16.2% 12.4% 10.6% 140,303.4A B C A8,834 7,147 50 57

A3,795 5.4% C 5,151 5,151 3.3% Exceed Standard Power Strategy B28,741.4 59,406.2B 50 58

C102,728 52,53514,057 14,139.3 50 Exceed Standard Power Strategy AC 59

9.7 26.6 12.4 7.1 1.5 31.5 7.3 8.1 2.6 52.3 44.8 12.1 28.2 13.8 110.4 64.5 55.5 37,100,00012,800,000 84,200,00056,700,000 101,500,000 74,400,000 32 44 8,200,00035,100,000 39 12.8 105 33.1 64 56.7 36 74.4 60

1 4,000 37.1 68 50 4,000 71.6 13 50 4,000 84.2 4 4,000 8,000 101.5 30,000,000 80,000,000 120,000,000 7,000 18,000 61

19 62

600,000 1,200,000 1,700,000 400,000 ISO9001:2000 100 63

ISO 63.2% 62.7% 58.2% 51.9% 80% 20% 11.2% 7.7% 9.5% 23.2% 65

450.0 63.2 614.5 62.7 641.6 58.2 200.3 51.9 79.3 11.2 116.7 11.9 125.4 11.4 36.8 9.5 54.8 7.7 103.7 10.6 177.0 16.1 89.5 23.2 127.5 17.9 145.3 14.8 157.6 14.3 59.2 15.4 711.6 100 980.2 100 1,101.6 100 385.8 100 64.7% 66.4% 65.4% 62.6%38.7% 42.1% 36.2% 28.4% 60% 3.0% 3.6%5% 40% 20% 66

1,200,000 4,600,000 3,100,000 0.2% 0.5% 0.3% 88.3% 70.3% 70.0% 61.5% 127 4 5 9 20 98 118 24 98 5 127 AMC Target Corporation Textile Expos Interstoff Asia-Spring International Fabric Show Hong Kong Fashion Week 67

20 59.7% 63.4% 66.1% 66.4% 1 3 49.7% 49.5% 49.9% 51.4% 9.15 8.81 8.43 10.06 357,600,000 520,000,000 683,100,000 249,400,000 60 90 18,500,00060 68

9,900,000 2,700,000 27.7% 32.4% 27.5% 31.6% 15.2% 16.0% 6.9% 12.8% 5% 120 180 (i) (ii) (iii) 69

ISO9001:2000 5 70

8 9 21 A B 26,000 70% 30% 43-47 89121 3 9 20,000 71

14A 14.04(9) 0.1% 0.1% 2.5% 1,000,00014A.31(2) 72

42 20 13 49 12 20 41 10 43 10 73

54 Society of Dyers & Colourists and the Textile Institute 40 42 20 13 University of Newcastle 42 Diploma Committee of the Textile Institute 18 46 10 74

40 20 16 40 12 18 48 20 43 10 35 Society of Business Practitioners, Cheshire England 5 10 40 17 38 University of Sheffield Middlesex University 75

53 1,9161,827 83 6 12 17 1 30 24 98 5 127 6 1,302 1,308 13 21 34 3 20 23 100 100 19 19 25 250 275 83 1,827 6 1,916 76

1,000 5% 5% 14 3 77

1,069 2,661 2,776 872 314 1,510 1,651 550 289 336 512 170 203 335 510 170 1,875 4,842 5,449 1,762 1% 2% 2% 3% 78

XV 2 3 10% Exceed Standard 384,000,000 60% 24,000,000 3.75% 384,000,000 60% 24,000,000 3.75% Power Strategy 96,000,000 15% 96,000,000 15% 384,000,000 60% 24,000,000 3.75% 96,000,000 15% 1. Exceed Standard Power Strategy Exceed Standard384,000,000 24,000,000 2. Exceed StandardExceed Standard Exceed Standard384,000,00024,000,000 3. Power StrategyPower Strategy 4. 5. Exceed Standard Power Strategy 57.8% 14.5% 79

Exceed Standard Power Strategy (a) Exceed Standard Power Strategy Exceed Standard Power Strategy (b) Exceed Standard Power Strategy Exceed Standard Power Strategy Exceed Standard Power Strategy Exceed Standard Power Strategy 12 (1) 10.07(2) (2) (2) 80

2,000,000,000 200,000,000 2,000,000 200,000 478,000,000 47,800,000 160,000,000 16,000,000 640,000,000 64,000,000 47,800,000 478,000,000 81

(1) 20% (2) 82

10% 83

370,000,000 180,900,000 104,800,000 84,300,000 213,600,000 156,400,000 (i) (ii) (iii)(iv) (v) (vi) (vii) (viii) (ii) (iii) (v) (vii) (viii) 149,900,000 84

678,100,000 410,300,000(i) (ii)(iii) (iv) (v) (vi)(vii) (viii) 135,100,000 621,900,000 248,000,000 280,600,000 33,500,000 30,500,000 29,200,000 100,000486,800,000 213,600,000 203,600,000 47,000,000 22,600,000 394,600,000 415,900,000 135,100,000 156,400,000 85

13,600,000 86,200,000 4,200,000 40,800,000 126,400,000 106,700,000 85,600,000 209.7%19,700,000 15.6% 51,500,000 15,800,000 75,600,000 22,500,000 59,800,000 379.7%53,100,000 70.3% 43,000,000 28,500,00017,900,000 5,800,00045,300,000 20,000,000156,200,000 5,000,000 5,000,000 12 86

88.7% 87.0% 88.5% 90.4% 323,900,000 605,300,000 810,900,000 940,200,000 876,800,000 1.13 1.61 1.3713.13 19 Ghim Li Global Pte Ltd 65,193 99,179 78,916 88,829 Ghim Li Global Pte Ltd 120 120,900,000 13.13 19 87

37,394 31,666 3,840 23,038 41,234 54,704 88

10 89

711,600,000 1,101,600,00054.8% 385,800,000 126,100,000278,700,000 120.9%89,200,000 (i)(ii)(iii) 19,400,000 21,000,000 96,400,000 358.6%28,300,000 92

402.3 56.5 573.2 58.5 662.2 60.1 226.9 58.8 217.7 30.6 307.5 31.4 300.7 27.3 106.9 27.8 83.4 11.7 90.6 9.2 127.3 11.6 49.5 12.8 703.4 98.8 971.3 99.1 1,090.2 99.0 383.3 99.4 8.2 1.2 8.9 0.9 11.4 1.0 2.5 0.6 711.6 100 980.2 100 1,101.6 100 385.8 100 450.0 63.2 614.5 62.7 641.6 58.2 200.3 51.9 79.3 11.2 116.7 11.9 125.4 11.4 36.8 9.5 54.8 7.7 103.7 10.6 177.0 16.1 89.5 23.2 127.5 17.9 145.3 14.8 157.6 14.3 59.2 15.4 711.6 100 980.2 100 1,101.6 100 385.8 100 711,600,000 402,300,000 217,700,000 83,400,000 8,200,000 126,100,000 17.7% 121,800,000 21,000,000 3.0% 93

1,700,000 42,100,000 40,200,000 55,700,000 7.8% 1,200,000 0.2% 5,100,000 69.226.1 25.0 31.1% 100% 980,200,000 37.7% 573,200,000 307,500,000 90,600,000 8,900,000 42.5% 41.2% 8.6% (i) (ii) 12,800,00037,100,000 33,100,00071,600,000 221,300,00075.4%17.7% 22.6% (i)(ii) 3.3 38,500,000 19,400,000 94

85,500,000275.5% 3.2% 8.7% 81,500,000288.1% 3.0% 8.3% 6,500,000 5,900,000 56,500,000 51,200,00027.2% 76,500,000 37.5% 6481,030 4,600,000 0.5% 6,200,000 72.734.1 48.526.1 34.1 25.0 48.5 36.3% 1,101,600,000 12.4% 662,200,000 300,700,000 127,300,000 11,400,000 95

15.5% 40.5% 278,700,00025.9%22.6% 25.3% (i) (ii) 122,800,000102,100,000 115,100,00034.6% 8.7% 10.5% 96,400,00018.2% 8.3% 8.7% 12% 3,200,000 2,000,000 62,900,000 56,600,00010.6% 92,400,000 20.7% 1,0301,576 3,100,000 0.3% 10,400,000 66.0% 96

55.378.3 55.072.755.3 34.1 78.3 48.555.0 33.4% 104,800,000 2,600,000 385,800,000 340,100,000 13.4% 226,900,000 106,900,000 49,500,000 2,500,000 89,200,000 85,000,000 4.9% 8.43 19.3% 10.06 23.1% 97

33,700,00037,000,000 8.9% 8.7% 28,300,000 31,200,000 9.3%7.3%9.2% 1,500,000 1,000,00022,500,000 20,300,000 23.6% 32,200,000 16.2% 4,200,000 44.8% 60.091.4 58.9 60.0 66,500,000 158,400,000 130,500,000 91.4 180 42.6% 98

58.9 36.0% 104,800,000 32,000,000 42,000,000 24% 50% 12% 7.8% 4.7% 16.3% 16.1% 99

25% 103,000,000 523,715,847 19.7 1.135.7 1.61 8.2 16.1 1.13 7.0 1.61 10.0 ABC 140,303.450 100

A7,147 A 3,795 5,151 3.3% B59,406.2 B C 52,53514,057 14,139.30 50 101

43-47 8 5 8 43-47 8 4 4,950 204-210 3 C 10,000 43-47 8 9 12 1 39 20,000 89 21 AB 26,000 Units 05-03 on 5th Floor, HB Centre, No. 12 Tannery Road 1,319.55 Block 911 Toa Payoh Lorong 1 No. 17-01 Oleander Tower, Singapore 2,500 76,575,000 102

....................... 103,000,000 16.1 640,000,000 340,415 165,580 505,995 0.79 340,415 240,460 580,875 0.91 1. 1.13 1.61 103

2. 640,000,000 3. 27,846,000 27,846,000 1,392,000 104

80,000,000 30,000,000 15,000,000 35,000,00017531,000,000 105

689,000,000 120,000,000 35,000,000 25,000,000 22,000 7,000 18,000 1.37 1.13 1.61 106

219,000,000 203,000,000 100,000,00035,000,000 31,000,0009,000,000 25,000,000 50,000,000 15,000,000 12,000,000 10,000,000 16,000,000 1.61 37,000,00060% 20% 20%1.13 37,000,000 8,000,000 8,000,000 8,000,000 13,000,000 1.37 1.13 1.61 32,000,00060% 20% 20% 107

Standard Bank Asia Limited Standard Bank Asia Limited 108

(a) (i) (ii) (iii) (iv) (v) 109

(vi) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 110

(ix) (aa) (bb) (cc) Exceed Standard Power Strategy 111

2.5% 1.37 1.13 1.61 16,000,000 112

1.61 1.13 30 113

1.611.13 1.61 1% 0.005% 0.005%0.002% 2,0003,252.59 1.61 114

155 160,000,000144,000,000 90% 16,000,000 10% 30 24,000,00015% 25% 115

27.7% Exceed Standard Exceed Standard Exceed Standard 24,000,000 219,000,000 32,000,000 Exceed Standard 10.07(1) Exceed Standard (a) Exceed Standard (b) Exceed Standard (c) (a) (b) Exceed Standard 116

(d) (e) Exceed Standard 144,000,000 90% 1% 0.005%0.002%0.005% 16,000,000 10% 1% 0.005%0.002%0.005% 117

ABA 5,000,000B 5,000,000B AB AB AB AB 100% 118

30 24,000,000 15% 30 119

(a) 15 50 32,000,000 48,000,000 30% (b) 50 100 48,000,000 64,000,000 40% (c) 100 64,000,000 80,000,000 50% (d) 120

121 16-18 25 1 43 89 89 1 39 1 5 2 16 1503 9 902 10 21-23 5 23 16-18 95 11 11 Standard Bank Asia Limited 15 88 36 32 3203-04

83 28 200 618 18 70 677 289 18 (i)199 2 (ii) 128-140 122

AB 100% 1.61 1% 0.005%0.002%0.005% 2,0003,252.59 123

1.61 124

40 342E 1.61 125

1,000,000 56 1,000,000 1,000,000 126

127

1,000,000 56 1,000,000 1,000,000 2,000 128

129

10 15 1 22 1 Joint Result Holdings LimitedJoint Result Joint Result 1 Joint Result Kam Hing Enterprise Limited 130

Louie Wu & Co Kam Hing Piece Works (S) Pte. Ltd.KH Piece Works (S) Ken Tan & Co.KH Piece Works (S) KH Piece Works (S) 131

Louie Wu & Co Louie Wu & Co Louie Wu & Co 1 132

Joint Result 10,000 100 2 100 1,000,010 KH Piece Works (S) 100 100,000 100 100,000 133

2 100 10,000,000 44,190,000 100 1,000 100 100,000 100 1,000,000 100 (a) 100,000,000,000,00050% (b) 2550,000,000 44,190,000 5,810,000 (c) 20 6,000,0001,000,000 5,000,000 134

(i) (ii) (iii) 135

5% 10% 20% 20% 4% 30% 30% 5% 10% 20% 657,000 38,463,000 414,000 136

60 120 137

138

139

140

1 711,620 980,192 1,101,581 385,827 (585,473) (758,892) (822,925) (296,666) 126,147 221,300 278,656 89,161 1,708 6,477 3,193 1,481 (42,110) (56,541) (62,856) (22,503) (55,668) (76,539) (92,370) (32,226) (2,200) (2,912) (1,132) 2,045 27,877 91,785 125,491 37,958 (5,098) (6,240) (10,357) (4,249) 22,779 85,545 115,134 33,709 (1,768) (3,998) (18,778) (5,413) 21,011 81,547 96,356 28,296 4.4 17.0 20.1 5.9 141

703,405 971,340 1,090,190 383,289 8,215 8,852 11,391 2,538 711,620 980,192 1,101,581 385,827 680 5,937 2,027 1,000 979 374 377 59 49 166 789 422 1,708 6,477 3,193 1,481 713,328 986,669 1,104,774 387,308 142

581,391 755,390 817,230 294,719 4,698 8,978 7,628 2,904 177 425 650 360 595 1,161 1,738 417 30,310 20,394 27,375 10,371 30,872 39,997 47,798 18,392 403 1,126 1,507 543 31,275 41,123 49,305 18,935 1,403 2,486 1,158 170 (6) (68) 8 9,873 2,739 1,151 640 386 3,995 2,719 (344) (200) 1,055 (1,723) (1,664) 1,875 38,336,000 47,060,000 51,101,000 19,132,000 295,000 447,000 614,000 206,000 143

997 258 228 160 1,643 60 44 50 35 189 12 12 11 8 43 1,069 314 289 203 1,875 1,689 815 280 194 2,978 938 662 44 132 1,776 34 33 12 9 88 2,661 1,510 336 335 4,842 1,834 976 456 368 3,634 908 642 44 132 1,726 34 33 12 10 89 2,776 1,651 512 510 5,449 144

525 325 95 66 1,011 336 214 71 101 722 11 11 4 3 29 872 550 170 170 1,762 1,960 1,759 2,055 781 155 200 234 60 47 36 36 12 2,162 1,995 2,325 853 1,000,000 4 2 2 3 1,000,001 1,500,000 1 1 4 3 3 3 145

4,062 5,225 8,403 3,557 45 42 991 973 1,954 692 5,098 6,240 10,357 4,249 1,151 2,876 12,243 3,941 25 6,513 1,472 5 592 1,122 17 1,768 3,998 18,778 5,413 16% 17.5% 146

12% 8,148 (192) 14,823 22,779 1,304 16.0 (47) (24.5) 4,892 33.0 6,149 27.0 (1,334) (9.0) (1,334) (5.8) 25 0.3 25 0.1 (3,558) (24.0) (3,558) (15.6) (149) (1.8) (149) (0.7) 588 7.2 47 24.5 635 2.8 1,768 21.7 1,768 7.8 19,087 69 66,389 85,545 3,054 16.0 15 22.0 21,908 33.0 24,977 29.2 (5,975) (9.0) (5,975) (7.0) (15,933) (24.0) (15,933) (18.6) (20) (0.1) (20) 964 5.0 11 15.7 975 1.1 (26) (37.7) (26) 3,998 20.9 3,998 4.7 69,307 166 45,661 115,134 12,129 17.5 36 22.0 15,068 33.0 27,233 23.7 (4,109) (9.0) (4,109) (3.6) 5 3.0 5 (5,479) (12.0) (5,479) (4.8) (32) (19) (11.4) (51) 146 0.2 13 7.8 1,020 2.2 1,179 1.0 12,243 17.7 35 21.4 6,500 14.2 18,778 16.3 147

21,927 413 11,369 33,709 3,837 17.5 91 22.0 3,751 33.0 7,679 22.7 (1,023) (9.0) (1,023) (3.0) (1,364) (12.0) (1,364) (4.0) (25) (0.1) (91) (22.0) (116) (0.3) 129 0.6 108 0.9 237 0.7 3,941 18.0 1,472 12.9 5,413 16.1 (i) Wing Hing Knitting (H.K.) LimitedWing Hing (1) 13,771 20,314 20,034 Wing Hing (1) 6,026 8,811 8,371 (1) 36,852 (2) 540 540 540 161 (3) 20 (1) Wing HingWing Hing Wing Hing 148

(2) 45,000 26,000 (3) 20,000 (ii) 37,166,000 4 (i) (iii) 4 (h) (j) (iv) 4 (d) (k) 480,000,0002,000,000 478,000,000 149

1 (a) 82,949 224,996 325,488 391,561 (l) 1,383 84,332 224,996 325,488 391,561 (b) 50,923 91,579 236,298 291,475 (c) 134,838 195,358 166,789 191,189 6,676 7,761 24,462 20,851 399 127 127 (d) 25,286 36,793 (h) 15,081 23,330 30,651 30,667 (e) 6,732 25,104 27,061 14,280 239,536 380,324 485,388 548,589 (f) 48,762 130,177 166,117 187,955 21,046 36,337 45,360 57,715 488 2,051 16,644 15,524 (g), (h) 52,270 140,760 114,410 164,332 (i) 37,616 37,166 (j) 7,295 11,653 19,431 27,382 (k) 41,234 54,704 (d) 70,695 39,995 279,406 452,843 361,962 452,908 150

(39,870) (72,519) 123,426 95,681 44,462 152,477 448,914 487,242 (g), (h) 3,493 2,597 104,777 104,762 (j) 181 27,806 32,001 42,048 (l) 261 17 17 3,935 30,403 136,795 146,827 40,527 122,074 312,119 340,415 (m) 11,315 11,315 78 78 (m) 29,212 110,759 312,041 340,337 40,527 122,074 312,119 340,415 151

37,730 100,102 6,357 3,565 147,754 13,615 13,799 2,467 1,828 31,709 (28) (292) (320) 51,345 113,901 8,796 5,101 179,143 7,344 110,360 2,249 1,421 41,067 162,441 58,689 224,261 11,045 6,522 41,067 341,584 1,810 64,540 1,327 2,148 58,042 127,867 (373) (373) 60,499 288,801 12,372 8,297 99,109 469,078 75 54,291 952 21,134 76,452 1,251 (1,251) (13) (13) 60,574 344,343 13,311 8,297 118,992 545,517 2,721 57,891 2,481 2,890 65,983 2,054 25,658 1,757 841 30,310 (11) (88) (99) 4,775 83,549 4,227 3,643 96,194 2,348 15,233 2,024 789 20,394 7,123 98,782 6,251 4,432 116,588 2,957 21,070 2,133 1,215 27,375 (373) (373) 10,080 119,852 8,384 5,274 143,590 1,008 8,377 598 388 10,371 (5) (5) 11,088 128,229 8,977 5,662 153,956 49,486 216,114 4,334 2,635 118,992 391,561 50,419 168,949 3,988 3,023 99,109 325,488 51,566 125,479 4,794 2,090 41,067 224,996 46,570 30,352 4,569 1,458 82,949 152

1,753 1,673 1,572 1,540 44,817 49,893 48,847 47,946 46,570 51,566 50,419 49,486 12,508,000 12,548,000 1,201,000 11,564,000 4 (h) 16,335 63,010 75,843 104,234 885 804 1,475 1,342 17,220 63,814 77,318 105,576 3,000,000 153

40,461 50,653 200,127 193,162 5,227 10,353 13,161 75,824 5,235 30,573 23,010 22,489 50,923 91,579 236,298 291,475 30 40,461 30,685 63,021 122,971 31 60 20,171 32,149 49,486 33,210 61 90 26,563 34,736 24,091 16,573 90 47,643 97,788 30,191 18,435 134,838 195,358 166,789 191,189 161B 10,510 10,690 10,690 Li Hing Garment Company Limited 794 794 Kam Hing Spinning Industrial Limited 18 18 Link Square Limited 200 200 Wing Hing 6,916 11,675 11,675 1,939 1,939 764 794 18,220 25,286 154

10,690 10,962 10,962 Li Hing Garment Company Limited 6,455 6,455 Kam Hing Spinning Industrial Limited 18 18 Link Square Limited 200 200 Wing Hing 11,675 13,099 19,326 Good Time Engineering (H.K.) Limited 540 540 1,939 4,656 764 5,737 5,737 25,286 36,793 10,962 11,202 Li Hing Garment Company Limited 6,455 9,989 Wing Hing 13,099 13,099 Good Time Engineering (H.K.) Limited 540 540 5,737 5,737 36,793 1,384,000 2,269,000 4,494,000 4,544,000 155

90 36,835 99,662 131,216 176,050 91 180 8,753 27,590 24,341 11,891 181 365 3,174 2,925 10,560 14 48,762 130,177 166,117 187,955 264 1 55,499 143,356 114,425 164,332 104,762 104,762 55,499 143,356 219,187 269,094 55,763 143,357 219,187 269,094 264 1 52,006 140,759 114,410 164,332 1,430 1,330 15 1,106 351 104,762 104,762 957 916 55,499 143,356 219,187 269,094 55,763 143,357 219,187 269,094 (52,270) (140,760) (114,410) (164,332) 3,493 2,597 104,777 104,762 156

(i) 30,667,000 11,564,000 4 (a) (ii) (1) (2) (iii) (iv) (v) (vi) (ii) (v) 37,166,000 157

7,500 12,076 20,124 28,013 7,295 11,653 19,431 27,382 132 12,000 20,252 27,563 123 11,196 18,962 26,102 60 17,940 13,694 17,362 58 16,610 13,039 15,946 7,692 42,016 54,070 72,938 7,476 39,459 51,432 69,430 (216) (2,557) (2,638) (3,508) 7,476 39,459 51,432 69,430 (7,295) (11,653) (19,431) (27,382) 181 27,806 32,001 42,048 Joint Result 93,456,000Joint Result 9,950 Joint Result 1 158

2,083 1,383 (700) (1,383) 1,383 369 261 17 (108) (261) 17 261 17 17 1,122 (17) (17) 159

5 KH Piece Work (S) Joint Result10,000 1 (i) 10(ii) 40 6 (d) (iii) 93,456,0009,950 4 (k)6 (e) (i) KH Piece Works (S) (ii) Joint Result (iii) Joint Result 10% 50% 62,425 130,478 254,843,000 160

676 825 447 546 887 1,067 560 506 2,123 2,398 447 546 (o) 2,723 800 2,608 15,892 1,041 57,802 19,786 16,096 2,608 60,525 35,678 17,937 20,020,000156,156,0005,000,000 14,210,000110,838,000 1 (b) 340,415,000 161

1 1,100 8,201 9,301 10,215 10,215 21,011 21,011 11,315 * * 29,212* 40,527 81,547 81,547 9,200 (9,200) 11,315 * 9,200* 101,559* 122,074 233 233 (11,548) 11,548 78 93,378 93,456 96,356 96,356 4,000 (4,000) 78 104,926* 13,200* 193,915* 312,119 28,296 28,296 1,000 (1,000) 78 104,926* 14,200* 221,211* 340,415 * 29,212,000 110,759,000 312,041,000 340,337,000 162

1 22,779 85,545 115,134 33,709 (979) (374) (377) (59) 30,310 20,394 27,375 10,371 (6) (68) 8 9,873 2,739 1,151 640 386 3,995 2,719 (344) (200) 5,098 6,240 10,357 4,249 58,353 126,313 157,921 48,078 (8,896) (50,529) (147,458) (55,177) (10,900) (64,484) 25,808 (24,400) (2,951) (1,756) (16,701) 3,811 (7,066) (11,507) 21,338 2,781 81,415 35,940 21,838 (6,141) 15,291 9,023 12,355 (31,286) 13,020 53,292 27,358 (30,700) (39,080) 21,252 77,063 100,083 6,505 979 374 377 59 (4,107) (5,267) (8,403) (3,557) (991) (973) (1,954) (692) (3,510) (1,712) (3,896) (528) (6,005) 13,623 69,485 86,207 (4,218) 163

(25,959) (118,158) (99,461) (51,517) 227 68 (15,081) (8,249) (7,321) (16) (40,813) (126,407) (106,714) (51,533) (8,479) (12,300) (16,433) (6,937) 10,215 233 333,026 559,234 753,039 260,586 (326,175) (471,377) (677,208) (210,679) 7,165 (37,166) 15,752 75,557 22,465 42,970 (11,438) 18,635 1,958 (12,781) 17,906 6,468 25,103 27,061 6,468 25,103 27,061 14,280 6,732 25,104 27,061 14,280 (264) (1) 6,468 25,103 27,061 14,280 164

(a) 5,750,000 44,283,000 28,406,000 24,935,000 (b) 450,000 (c) KH Piece Works (S) 10 1 (d) Joint Result 40 Joint Result 1 (e) 93,456,000 9,950 Joint Result1 165

90% (a) (b) (c) (d) 10% 166

450,073 54,771 79,276 127,500 711,620 430 52 76 122 680 450,503 54,823 79,352 127,622 712,300 60,745 7,773 10,101 18,095 96,714 1,028 (69,865) 27,877 (5,098) 22,779 (1,768) 21,011 87,466 12,064 28,568 18,415 146,513 177,355 323,868 1,587 193 38,271 11,219 51,270 232,071 283,341 30,310 31,709 (6) 1,151 1,151 167

614,489 103,748 116,675 145,280 980,192 3,632 613 834 858 5,937 618,121 104,361 117,509 146,138 986,129 103,516 20,175 20,880 24,359 168,930 540 (77,685) 91,785 (6,240) 85,545 (3,998) 81,547 123,578 25,733 37,162 21,984 208,457 396,863 605,320 990 355 55,390 75,021 131,756 351,490 483,246 20,394 162,441 9,873 3,020 49 255 3,324 671 3,995 640 640 168

641,637 177,027 125,366 157,551 1,101,581 1,142 315 290 280 2,027 642,779 177,342 125,656 157,831 1,103,608 122,337 40,490 25,169 31,635 219,631 1,166 (95,306) 125,491 (10,357) 115,134 (18,778) 96,356 104,736 12,982 36,214 12,857 166,789 644,087 810,876 371 530 80,056 85,797 166,754 332,003 498,757 27,375 127,867 (68) 2,739 386 386 1,581 600 538 2,719 (326) (10) (8) (344) 169

200,313 89,464 36,770 59,280 385,827 519 232 95 154 1,000 200,832 89,696 36,865 59,434 386,827 36,959 17,359 7,133 11,504 72,955 481 (35,478) 37,958 (4,249) 33,709 (5,413) 28,296 134,336 6,834 31,217 18,802 191,189 748,961 940,150 662 295 89,716 98,556 189,229 410,506 599,735 10,371 76,452 8 (200) 170

272 233,373 90,223 323,868 37 1,993 29,679 31,709 552 359,361 245,407 605,320 38 691 161,712 162,441 851 247,541 562,484 810,876 325 1,754 125,788 127,867 467 253,951 685,132 600 940,150 21 150 75,792 489 76,452 3,229,000 171

(a) (b) 172

(i) (ii) (iii) 173

10 15 1 174

16-18 25 175

10 15 429 1998/8 176

(a) (b) (c) 429 177

(a) (b) 178

3% 12 180

1 1.064 43-47 8 5-9 BSc. FRICS FHKIS 2124 181

1. 75,385,000 75,385,000 2. 1,190,000 43-47 8 5-8 1,190,000 182

3. 43-47 8 4 4. 43-47 8 9 12 1-39 5. 8 9 21 A B 6. 204-210 3 C 183

7. Units 05-03 on 5th Floor HB Centre No. 12 Tannery Road Singapore 8. Block 911 Toa Payoh Lorong 1 No. 17-01 Oleander Tower Singapore 76,575,000 184

1. 8 140,303.4 A B C 75,385,000 A 8,834.0 7,147.0 # B 28,741.4 59,406.2 C 102,728.0 80,731.3* 17 8 66,553.2 716,378.6 4 7,147.0 2 6 1,318.7 6 1 6 20,229.6 8 2 2 942.4 10 3 1 1,110 11 4 6 27,563.3 12 1 6 3,620.8 7 2 6 4,258.7 13 1 362.7 9 66,553.2 50 185

1. (2000)19-0003480028 8,834 50 2. 2926375 A 7,147 (1) 3. 19-0003530035 10,641.4 6 7 8 4. 19-000320 9,645 5. (2000)19-0003470027 3,812 50 6. 2966804 B 1,318.7 50 7. 2966805 B 3,620.8 50 8. 2734376 B 20,229.61 50 9. C1333784 B 4,643362.7 186

10. C1333786 B 4,643942.4 11. C1333785 B 4,6431,110 12. C2023732 B 27,563.3 13. C2023731 B 4,258.7 14. (2000)G19-000523 78,056 15. G19-000836 24,672 16. 80,731.3 i 440126200403250101 7,038 (2002) 02324 (2002) 02886 ii C 440126200403250201 24,759.6 1 (2002) 02319 (2002) 02881 187

iii C 440126200403250201 27,775.4 2 (2002) 02318 (2002) 02880 iv C 440126200403250301 14,057 B1 B2 (2002) 02317 (2002) 02879 v C 440126200403250401 5,173.6 (2002) 02322 (2002) 02885 1 vi C 440126200403250401 1,068.9 (2002) 02322 (2002) 02884 2 vii C 440126200403250401 115.8 (2002) 02320 (2002) 02882 1 viii C 440126200403250401 743 (2002) 02320 (2002) 02883 2 17. A 8,946 3 3 830,310 2,219,048 5,151 188

18. C 8 80,731.3 135,088,000 118,992,000 19. 712,408 900,000 20. (i) (ii) 189

2. 43-47 8 5-8 258 4 369 3,972 1,190,000 443 485 2,118 32 99 3% 1. 13226151306136 1306135 1,965,000 2. 854819 3. 13061375 1449830 5 190

3. 43-47 8 4 258 99 1,062 Wong Cheuk Duen, Ronnie Wong Sau Kuen 3 4,950 191

4. 43-47 8 9 12 1-3 9 258 1 12 4 595 6,408 120,000 192

5. 8 9 21 A B 2321 2 224 2,406 26,000 70% 30% 193

6. 204-210 3 C 163 628 6,758 Goldenshine Dyeing Factory Limited 10,000 194

7. Unit 05-03 on 5th Floor HB Centre No. 12 Tannery Road Singapore 105 129 1,389 Ho Bee Realty Pte Ltd. Kam Hing Piece Works (S) Pte Ltd 2 1,319.55 195

8. Block 911 Toa Payoh Lorong 1 #17-01 Oleander Tower Singapore 2517 136 1,464 Netto Pascal Baylon Kam Hing Piece Works (S) Pte Ltd 2 2,500 196

(a) 27(2) (b) 197

198

199

(aa) (bb) (cc) (dd) (ee) 5% (ff) 200

201

202

(aa) (bb) (cc) (6) (dd) (ee) (ff) 203

(30) (i) (ii) (iii) 204

(iv) (v) 205

(21) (95%) (21) (15) 206

(i)(ii) (iii) (iv) 1518 207

(21) (e) (21) (14) 208

(i) (ii) (95%) (aa) (bb) (cc) (dd) (ee) (ff) (20%) (gg) 209

210

(30) (i) (ii) 211

(a) (b) 212

(20) (14) 213

(20) (2) 2.50 1.00 3(f) 214

(i) (ii) (i) 12 (ii) 12 (iii) 215

(a) (b) (c)37(d) (e)(f) 216

217

34 34 2(m) (a) (b) (c) 218

(i) (ii) (iii) 6 (1) (2) 219

220

(75%) 221

(90%) Conyers Dill & Pearman, Cayman 222

43-47 8 5 9 XI 89 21 A B 810 11 A (a) 100,000 1,000,000 (b) Exceed Standard Exceed Standard Power Strategy 799,999200,000 999,999 (c) (i) 1,999,000,000 100,000 200,000,000 (ii) (aa) Exceed Standard Power Strategy 1,000,000 (bb) Exceed Standard Power Strategy 800,000200,000 1,000,000 10,000 1 223

(a) (b) (i) (ii) (iii) (c) 47,800,000 478,000,000 (d) (i) 20%(ii)(e) 224

(e) 10% 200,000,000 2,000,000,00064,000,000 640,000,000 1,360,000,000 (a) 82 10 Joint Result1 (b) (i) 20,000 1 (ii) 100 1 1,000,0001,000,100 225

(iii) 10 1 (iv) (aa) 1,000,010 1 1,000,010 1 (bb) Joint Result 1 (cc) 1,000,010 Joint Result 8 2 10 Joint Result1 (v) Joint Result 82 10 Joint Result1 (vi) (aa) 100 1 10,000,00010,000,100 (bb) 8,000,000 2,000,000 1 10,000,000 1 (cc) Joint Result 1 (dd) 10,000,000 Joint Result 82 10 Joint Result1 226

(vii) Joint Result 82 10 Joint Result1 (viii) Joint Result 7,9601,990 9,950 Joint Result1 (c) Joint Result(i) Exceed Standard Power Strategy 1,000,000(ii) Exceed Standard Power Strategy 800,000200,000 1,000,000 (a) (b) 29,980,00050,000,000 29,980,00080,000,000 12 (c) 2 Joint Result 1,000,010 1 10,000,000 1 227

(a) (b) 100,000,000,000,000 (c) 228

(a) (b) 100,000,000,000,000 (c) 229

10% 230

26 640,000,000 (e) 64,000,000 (a) (i)(ii) (iii) Joint Result (aa) Exceed Standard Power Strategy 1,000,000 (bb) Exceed Standard Power Strategy 800,000200,000 1,000,000 231

(b) Exceed Standard Power Strategy (c) 24 24 www.kam-hing.com.hk 232

(a) (b) 20% 5% 1,170,000 910,000 390,000 390,000 3 180,000 233

3,723,000 3,229,000 XV XV 7 8 352 384,000,000 60% 24,000,000 3.75% 96,000,000 15% 384,000,000 60% 24,000,000 3.75% 96,000,000 15% 234

Exceed Standard 1 100% 1 Power Strategy 1 100% 1 1. Exceed Standard Exceed Standard 384,000,00024,000,000 2. Power Strategy 3. 4. XV2 3 235

10% Exceed Standard 384,000,000 60% 24,000,000 3.75% Power Strategy 96,000,000 15% 1. Exceed Standard Exceed Standard 384,000,00024,000,000 2. Power Strategy (a) XV XV 7 8 236

352 (b) (c) (d) (e) XV2 3 10% (f) 237

(a) (b) (c) (d) (e) (f) 238

(i) (ii) (iii) (a) 30% (b) 64,000,000 10% (i) (a)(b)(ii) 10% 239

(ii) (a)(b)(i) 17.03(3)(1) 17.16 (b)(i) 1% 1%(i) 17.03(4) 17.06 (ii) (a) 0.1% (b) 5,000,000 240

17.04 17.06 1 241

17 14 (4) 242

243

(a) 17.03 (b) (c) 17 (i) (ii) (iii) 10 11 13 15 (iv) (v) 244

35 Exceed Standard Power Strategy Exceed Standard Power Strategy (a) A 3,795 5,151 (b) C 52,535 14,057 19,139.3 Exceed Standard Power Strategy 245

(i) (ii) (iii) (iv) (v) Exceed Standard Power Strategy 16,000 246

Conyers Dill & Pearman, Cayman Conyers Dill & Pearman, Cayman Conyers Dill & Pearman, Cayman (a) (b) 44A 44B (a) (i) 247

(ii) (iii) (iv) (vi) (b) (c) 248

8 39 Conyers Dill & Pearman, Cayman 249

250