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Belle International Holdings Limited 1,396,226,000 139,624,000 1,256,602,000 6.20 1% 0.004% 0.005% 0.01 1880 32342C 6.205.35 144A S

(1) (2).................. (3)......... (1) (2) 6(d). (3)

(1)

... i... 1... 12... 14... 29... 31... 34... 36... 45... 57... 94... 98... 104... 107... 110... 147... 149... 151... 161... 170... 181

A... IA-1 B Fullbest Investments Limited... IB-1... II-1... III-1... IV-1... V-1... VI-1... VII-1... VIII-1

BelleStaccato TeenmixTataFatoJipiJapa Joy & PeaceBata CIIIC Nike Adidas 301503,828 35 300 4003002,000 870,500,000 1,731,800,0006,238,500,00075,100,000 234,900,000976,600,000

(i)(ii) (iii)(iv) (v)

A... 870.5 1,731.8 6,238.5... (658.5) (774.7) (2,737.8)... 212.0 957.1 3,500.7... 0.9 3.4 12.3... (63.2) (502.4) (1,947.2)... (50.2) (165.8) (542.6)... 99.5 292.3 1,023.2... (7.7)... (4.0) (7.9) (19.9)... 87.8 284.4 1,003.3... (12.7) (49.5) (26.7)... 75.1 234.9 976.6... 188.3 400.0... 6.00 8.56 14.75

... 92.7 195.4 575.7... 18.3 48.4 278.9... 0.5 0.5 11.6... 16.6 656.1... 2.6... 32.7 12.3 13.1... 0.5 0.5 9.1 147.3 273.7 1,544.5... 173.2 598.7 1,569.9... 44.5 424.5 836.7... 27.4 67.8 192.0... 181.1... 113.8... 63.1 122.1 302.1 489.3 1,326.9 2,900.7... 636.6 1,600.6 4,445.2... 0.001 0.003 0.003... 487.1 1.318.1... 291.4 340.1 1.315.9... 291.4 827.2 2.634.0... 3.5 26.0 150.5... 42.4 3.5 26.0 192.9... 164.8 193.1 448.3... 21.2 86.6 330.1... 289.4 128.8... 1.0... 0.9... 124.8 113.5 610.0... 0.7 8.4 35.2... 8.5 7.3 23.5... 7.7... 13.1 48.1 42.4 341.7 747.4 1,618.3... 345.2 773.4 1,811.2... 636.6 1,600.6 4,445.2

5.775() 6,496,800,000 27%31% 24%25% 18%20% 14% 0.754.866.12 1.50 0.75 5% 2% 12 5.775( )1,179,200,000 200,000,000

20%30% 188,300,000 400,000,000 139,624,000 S144A 1,256,602,000 234,926,000

(1) 5.35 6.20 (2)... 44,040,700,000 51,037,800,000 (3)... 0.97 1.09 (1) (2) 8,231,900,000 (3) 8,231,900,000 5.356.20

Profit Leader Holdings Limited Profit Leader Profit Discovery LimitedProfit Discovery Handy Limited Handy 51.4% Profit DiscoveryCDH Retail LimitedMS Shoe LimitedMS Shoe II Limited 0.01

Best Quality Investments LimitedBest Quality

98.9% 260.2% 2,0263,828

BataNikeAdidasReebok KappaPUMAMizunoLevi s KappaPUMA 0.2% 28.6% 485,300,000

34.3%

17.5% 34,894.671 719,412.9 3425,481.737 1.0%

70.6181.8144.6 300,000 600,0001,500,000

33% 15% 15% 25% 25%

188,300,000 400,000,000 51.4%

7.3%

6.20 1.09

22 168A

Butterfield Fund Services (Cayman) Limited

1.000.98518 1.007.7055

2 17B 32603 A3104 2 17B 1 V11C 6 2702

12 8B 2 14B 139 29401 8 30 8 45 38 3 35

Conyers Dill & Pearman Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 8 20 8 11 12 6 22 188 22 20

Offshore Incorporation (Cayman) Limited Scotia Centre, 4/F P.O. Box 2804, George Town Grand Cayman Cayman Islands 9 19, FCPA, FCPA 2 17B 69 66G Butterfield Fund Services (Cayman) Limited Butterfield House 68 Fort Street P.O. Box 705 Grand Cayman KY1-1107 Cayman Islands 183 171712-1716

4 22 673 2 339 19-21 12B 2066 1

11.7%Economist Intelligence UnitEIU

2.1 59.7%5.6243.0%

12.5% 60.0%9.8%

SATRA Technology Centre 21.2%SATRA Technology Centre 61.1% 8.4% Euromonitor

2.3 SATRA Technology Centre 41.0%... 43.0% 41.0%... 23.0% 19.0%... 20.0% 18.0%... 5.0% 8.0%... 8.0% 7.5%... 1.0% 6.5%... 100.0% 100.0% Euromonitor

CIIIC270 7,200200 2703052.2% 57.5% CIIIC20,000 (%)... 35.3% 40.1%... 30.0% 36.5%... 222.5 308.7 8.5%... 221.0 308.7 8.7% CIIIC

270 40.1% CIIIC CIIIC 8.2%4.1% 3.4%2.0% 201-300 301-400 401-500 501-600 601-700 701-800 801-900 901-1,000 1,000 (%)... 33.3 38.6 37.2 39.3 32.8 53.3 58.0 43.2 58.6 66.7

Société Générale 5 ZOU Marketing 1 25031 4605822.6% ZOU MarketingNikeAdidas ZOU Marketing NikeAdidas 1 ZOU Marketing

Staccato Footwear Company LimitedStaccato (HK) 35 16 600

16% 4% 7% 6%12%

BVI90% 10%BVI 10%BVI80% 20% BVI

(i) 1,681 (ii) (i) 1,095324 (ii) 3,828

61,200,000 (i) (ii) 870,500,000 1,731,800,000 (i)(ii) Best Quality

1. Ganesh Investments Limited Ganesh Investments Limited Magnolia Gold LimitedMagnoliaBest Quality30%Best Quality 2. High Summit Group LimitedHigh Summit 3. Magnolia Magnolia Best Quality22%MagnoliaHigh SummitBest Quality2,000 Best Quality4%MagnoliaBest Quality26%

4. 5. 6. 7. 8. MS Shoe LimitedMSIMS Shoe II LimitedMSIICDH Retail LimitedCDHMSIMSIICDH 23,664,0009,8600.01 Handy Essen Profit LeaderHandy Essen Profit Leader77,431,20076,876,800293,556,000 32,26332,032122,315 4.0%75.7% HandyEssenProfit Leader Handy Handy98.2% Essen Essen97.0%Profit Leader 61.1%

MSIMorgan Stanley Private Equity Asia, L.P.MSPEAMSPEA MSPEAMorgan Stanley Private Equity Asia, L.L.C. Morgan Stanley Private Equity Asia, Inc. MSIIMorgan Stanley Private Equity Asia Employee Investors, L.P.MSPEAEIMSPEAEI MSPEAEIMorgan Stanley Private Equity Asia, L.L.C.Morgan Stanley Private Equity Asia, Inc. CDHCDH China Growth Capital Fund II, L.P.CDH China Growth Capital Fund II, L.P. CDH China Growth Capital Holdings Company Limited CDH China Growth Capital Fund II, L.P. CDH China Growth Capital Management Company Limited 287,536,000 16,610 16,610 10.7%69.0%

Fullbest Investments Limited Fullbest Fullbest Fullbest Fullbest 580728 Fullbest831,000,000 Profit Discovery36,354 12.9% 232,800,000 232,800,000 80%75%

Profit Discovery6,222 2.2% Profit Discovery (i)(ii) Profit Discovery11.6% 70.8% 1.375.7%5.35 1.5075.8%6.20

(1) MagnoliaBest Quality22.0%Magnolia Hight SummitBest Quality2,000Best Quality 4.0%Best Quality26.0%Best Quality (2) MSIMSIICDH 3.8%0.2%4.0% (3) Profit DiscoveryHandyEssenWorld China International Limited World China Profit DiscoveryHandyEssen World ChinaWorld ChinaProfit DiscoveryHandy Essen

BelleStaccato TeenmixTataFatoJipiJapa Joy & PeaceBataCIIIC Nike Adidas 301503,828 35 300 4003002,000 870,500,000 1,731,800,0006,238,500,00075,100,000 234,900,000976,600,000

30 1503,828 NikeAdidas JipiJapaBata 300 2,000 CIIIC

50%

43.0% 8.4% 50.0%

Nike Adidas

Nike Adidas JipiJapaBata 300 2,000 Belle2040 300600 Staccato2540 6001,800 Teenmix1825 300600 Tata2035 300500 JipiJapaJipiJapa2545 4001,300 1

Fato 500800 Joy & Peace 6002,000 2 Bata Bata2545 400800 (1) JipiJapa (2) NikeNike AdidasAdidas Reebok Reebok KappaKappa PUMAPUMA MizunoMizuno

Levi slevi s Levi soem %... 4,295.9 68.9... 211.7 3.4... 1,576.7 25.2... 6,084.3 97.5 OEM... 154.2 2.5... 6,238.5 100.0

Bata Nike Adidas Mizuno PUMA Reebok Levi's... 180 64 115 25 88 26 11 134 94 5 742... 143 72 121 16 83 29 12 69 51 3 21 8 628... 150 61 94 6 81 9 14 73 33 10 7 538... 109 39 85 10 83 13 10 57 61 9 476... 70 24 46 11 46 6 11 86 53 15 368... 74 30 64 9 48 9 3 10 44 291... 59 25 43 6 49 7 34 26 2 251... 50 17 44 5 39 2 3 38 34 2 234... 33 16 20 3 19 2 5 31 20 10 12 171... 58 17 22 30 2 129... 926 365 654 91 566 105 69 532 416 10 15 25 46 8 3,828

84.1% 73.4%

80.0%15.1%10.5%

OEM OEM OEM 5.8%6.7%2.5%

40100 60300

50% 50%

VIP VIPVIP VIP

345,103.4 130,573.9113,310.617 161,080.2101,218.9 3,999.9 97,219.0 113,310.650% 70050% 101,218.910800 7308201,150

(1)(2) (3)(4)

100 34.3% ODM ODM 10%20% 5.0% OEM Zara PikolinosSan Marina

22.4%23.4%60.2% 8.1%6.6%29.4%5.0% 300400

30150 30

OEM OEM6090 OEM OEM82.5%16.5%3.0% 58.1%5.0%2.2% 5.0%

109.3 10,000,000 ISO90012000

(a)(b) (c) 5,653.7 345,467.2 38209,213.2 290,000,00081-12-79-10 C5090625-50906341,657.3 8,635.0150,000,000

1997,219.0 1938,027.0 38,027.023,760.09,344.0 1,568.02,875.0 24.7%17.4%32.1%23.2%11.4%4.5%0.8%1.4% 480.0 (i) (ii) (iii)(iv) 20% 30

1. 15,200,000 2. 1. 17.5% 10.0% 2. 200,000

200,000 (i) (ii) 4,787.66 41 72,290.4 177 7134,894.6 719,412.934 25,481.737 34 34 2311

71 (1) 71 1.0% (2) 19 3911,770.0 395,198.1 6,571.939 15,200,00071 CIIIC

Nike Adidas ReebokKappaMizunoPUMA Bata Bata Brands S.A.R.L.Bata Brands (a)bata BrandsBata (b)bata Brands (c)bata

Nike Nike Adidas Adidas Reebok Reebok Kappa Kappa PUMA PUMA Mizuno Mizuno Levi's Levis Strauss (Hong Kong) Limited Levi s

60,000

33,995... 9,141 9,141... 627 627... 20,450 213 20,663... 3,370 59 3,429... 130 5 135... 33,718 277 33,995 117,400,000271,300,000745,600,000 13.5%15.7%12.0%

14A.33 A. Mirabell Footwear LimitedMirabell Footwear Mirabell Footwear Mirabell Footwear 1,300,000400,000300,000 Mirabell Footwear Belle Worldwide LimitedMirabell Footwear Mirabell Footwear 1,000,000 14A.33 Mirabell Footwear 50.0% 14A.11(4) 14A.11(4)Mirabell Footwear 14A.11(4) 14AMirabell Footwear (i)(ii) (iii)

B. Staccato (HK) Staccato (HK) 481 200,000 220,000 440,000 0.1%14A.33 Best Quality22.0%Best Quality Best Quality 26.0%Best Quality20.3% 14A.11(2) (i)(ii) (iii)

14A.34 Joy & Peace 1,500,000 4,400,000 5,000 50.0% 14A.11(4) 14A.11(4) 14A.11(4) 14A 7,000,0008,750,00010,937,500 25%

2.5% 14A.34 14A.4514A.47 (i) (ii) (iii) 14A.42(3) 14A.47 14A.35(1)14A.35(2)14A.3614A.40(

... 72... 55... 49... 37... 33... 36... 49... 46... 54 7230 Staccato (HK) 55 20 Staccato (HK)

49 13 37 10 Staccato (HK)Staccato (HK) 33 Donaldson, Lufkin & Jenrette 36 CDH China Growth Capital Fund II L.P. CDH China Growth Capital Management Company Limited 49 20

46 PuraPharm Corporation Limited 54 42 13 49 43 3.24 1810

3.2114 C3 14B1

485 6560 4,400,00016,700,00068,100,000 11,600,0006,400,00023,700,000 13,600,00010,200,00033,000,000 1,000,000 12,000,000

3A.19 3A.23

571 XV23/ 10% (1) (2)... (4) 2,865,625,000 (L) 34.8% 209,433,000 (S) (3) 2.5% (5) 673,924,000 (L) 8.2% (6) 694,675,000 (L) 8.4%... (6) 694,675,000 (L) 8.4% (4) 2,865,625,000 (L) 34.8% 209,433,000 (S) (3) 2.5% (5) 673,924,000 (L) 8.2% Handy... 694,675,000 (L) 8.4% Essen... 689,700,000 (L) 8.4% Profit Leader... 2,865,625,000 (L) 34.8% 209,433,000 (S) (3) 2.5% Best Quality... 1,250,000,000 (L) 15.2% Profit Discovery... 673,924,000 (L) 8.2% Merry Century... (4) 2,865,625,000 (L) 34.8% Investment Limited 209,433,000(S) (3) 2.5% Golden Coral Holdings... (4) 2,865,625,000 (L) 34.8% Limited 209,433,000(S) (3) 2.5%... (4) 2,865,625,000 (L) 34.8% 209,433,000 (S) (3) 2.5% (5) 673,924,000 (L) 8.2% (6) 694,675,000 (L) 8.4%

(1) LS (2) (3) (4) Profit LeaderMerry Century Investment LimitedMerry CenturyMerry CenturyProfit Leader 51.1%Golden Coral Holdings LimitedProfit Leader 38.9% 318 (5) Profit DiscoveryProfit Discovery 318 (6) HandyHandy56.4% 318 XV 23/ 10% Profit Discovery CDH MSI MSII79,376,00077,775,00073,525,000 4,250,0001.0%0.9%0.9% 0.05% (%) Profit Discovery... 753,300,000 79,376,000 673,924,000 8.2 CDH... 408,650,000 77,775,000 330,875,000 4.0 MSI... 386,025,000 73,525,000 312,500,000 3.8 MSII... 22,625,000 4,250,000 18,375,000 0.2

Best Quality Best Quality Best Quality Best Quality Best QualityBest Quality Handy56.4%Profit Discovery Profit Leader61.1% 30.0% Profit LeaderProfit DiscoveryHandy 1.01 HandyProfit DiscoveryProfit Leader

30,000,000,000... 300,000,000 282,824... 2,828.24 (1) 7,070,317,176... 70,703,171.76 1,161,300,000... 11,613,000.00... 82,319,000.00 282,824... 2,828.24 (1) 7,070,317,176... 70,703,171.76 1,370,733,000... 13,707,330.00... 84,413,330.00 (1) (1) (2)

(3) (a) 20% (b) (i) (ii) (iii) (4) 10.0%

(i) (ii) (iii) (5)

Fullbest Investments Limited AB BelleStaccato TeenmixTataFatoJipiJapa Joy & PeaceBata Nike Adidas 301503,828 35 2,599,900,0001,576,700,000 62.2%37.8% 870,500,000 1,731,800,0006,238,500,00075,100,000 234,900,000976,600,000

Best Quality Best QualityFullbest OEM Fullbest Investments Limited 11.7% 4,283

10,4939.4% 12.9% 62.9% 35.8% 62.2%74.4% OEM 3002,000

... 2,056... 2,306... 1,835.5 (1)... 2,183 (2)... 140,135.9... 2,306 728... 2,811 1,052... 2,311.8 1,284.4 (1)... 2,553 866 (2)... 150,920.5 247,190.1 (1) (2)

485,300,000 CIIIC10.0% CIIIC ZOU MarketingNikeAdidas 30.0%

80.3%78.6% 79.8% 20.5% 21.2% 33% 15% 15%

25% 25% OEM

OEM OEM90 42,000

300,000600,0001,500,000 (i) (ii) (iii) Fullbest Investments Limited 485,300,000 Belle Group USA LLC 3,600,000

... 870.5 1,731.8 6,238.5... (658.5) (774.7) (2,737.8)... 212.0 957.1 3,500.7... 0.9 3.4 12.3... (63.2) (502.4) (1,947.2)... (50.2) (165.8) (542.6)... 99.5 292.3 1,023.2... (7.7)... (4.0) (7.9) (19.9)... 87.8 284.4 1,003.3... (12.7) (49.5) (26.7)... 75.1 234.9 976.6... 188.3 400.0... 6.00 8.56 14.75

OEM... 819.9 94.2% 1,547.4 89.4% 4,295.9 92.2% 1,885.3 91.4% 2,410.6 92.7%... 67.5 3.9% 211.7 4.5% 87.2 4.2% 124.5 4.8%... 819.9 94.2% 1,614.9 93.3% 4,507.6 96.7% 1,972.5 95.6% 2,535.1 97.5% OEM... 50.6 5.8% 116.9 6.7% 154.2 3.3% 89.4 4.4% 64.8 2.5%... 870.5 100.0% 1,731.8 100.0% 4,661.8 100.0% 2,061.9 100.0% 2,599.9 100.0%

OEM OEM... 123.1 14.2% 1,354.2 78.2% 4,147.3 66.5% 1,835.5 89.0% 2,311.8 55.3%... 696.8 80.0% 260.7 15.1% 360.3 5.8% 137.0 6.6% 223.3 5.3% OEM... 50.6 5.8% 116.9 6.7% 154.2 2.5% 89.4 4.4% 64.8 1.6% 870.5 100.0% 1,731.8 100.0% 4,661.8 74.8% 2,061.9 100.0% 2,599.9 62.2%... 1,284.4 20.5% 1,284.4 30.8%... 292.3 4.7% 292.3 7.0% 1,576.7 25.2% 1,576.7 37.8%... 870.5 100.0% 1,731.8 100.0% 6,238.5 100.0% 2,061.9 100.0% 4,176.6 100.0% OEM... 161.6 7.8% 424.4 10.2%... 91.9 4.5% 98.4 2.4%... 402.6 19.5% 734.1 17.5%... 424.4 20.6% 998.2 23.9%... 298.5 14.5% 450.2 10.8%... 135.0 6.5% 306.8 7.3%... 104.6 5.1% 370.8 8.9%... 95.1 4.6% 186.7 4.5%... 116.1 5.6% 262.1 6.3%... 80.1 3.9% 191.7 4.6%... 64.2 3.1% 67.6 1.6%... 87.8 4.3% 85.6 2.0%... 2,061.9 100.0% 4,176.6 100.0%

... 1,835.5 998.0 2,311.8 1,284.4 25.9% 28.7%... 137.0 221.5 223.3 292.3 63.0% 32.0% OEM... 89.4 64.8 (27.5)% 2,061.9 1,219.5 (1) 2,599.9 1,576.7 (2) 26.1% 29.3%... (760.5) (822.4) (1) (964.6) (1,012.7) 26.8% 23.1%... 1,301.4 397.1 (1) 1,635.3 564.0 25.7% 42.0% %... 63.1 32.6 62.9 35.8 (1) B (2) A 2,061,900,000 102.6% 4,176,600,000 2,061,900,00026.1% 2,599,900,000

2,311,800,0001,835,500,000 25.9% 88.9%89.0% 2,3062,811 OEM OEM288,100,000 226,400,00027.3% 11.1%11.0% 63.0%223,300,000 OEM27.5%64,800,000OEM 1,219,500,00029.3% 1,576,700,000 1,576,700,0001,284,400,000 292,300,000 760,500,00026.8% 964,600,00036.9%37.1% 78.9% 80.3% 822,400,000 23.1%1,012,700,000 1,301,400,000 25.7% 1,635,300,000 397,100,00042.0% 564,000,000

6,238,500,000 1,731,800,000260.2% 5,431,700,000 1,354,200,000301.1% OEMOEM 806,800,000377,600,000113.7% 2,737,800,000 774,700,000253.4% 54.4% 3,500,700,000957,100,000265.8% 55.3%56.1% 3,400,000261.8% 12,300,000(i) 1,900,000 3,400,000(ii) 2,000,000(iii) 500,000

1,947,200,000 502,400,000287.6%(i) 273.5%1,324,500,000(ii) 328.9%295,500,000(iii)908.4%132,100,000 (i) (ii) (iii) 542,600,000 165,800,000227.3% (i) 250.9%276,900,000(ii)27.3%26,600,000 1,023,200,000 292,300,000250.1% 19,900,000 7,900,000151.9% 26,700,000 49,500,00046.1%2.7% 17.4% 976,600,000 234,900,000315.8% 870,500,00098.9% 1,731,800,000

123,100,000 1,354,200,0001,213,400,000 78.2%14.2% OEMOEM 377,600,000747,400,00049.5% 21.8%85.8% 774,700,000 658,500,00017.6% 13.2% 957,100,000212,000,000351.5% 24.3%55.3% 900,000277.8% 3,400,000(i) 1,100,000(ii) 1,300,000(iii)100,000 502,400,000 63,200,000694.9%(i) 1,139.2%354,600,000(ii) 566.8%68,900,000(iii)477.4%13,100,000 165,800,000 50,200,000230.3%(i) 160.4%78,900,000(ii) 635.4%20,900,000

292,300,000 99,500,000193.8% 7,900,000 4,000,00097.5% 49,500,000 12,700,000289.8%17.4% 14.5% 15% 234,900,000 75,100,000212.8% 188,300,000 1,282,400,000 579,500,000121.3% 971,200,000412,200,000 180,000,000496,500,000 255,200,000243,500,000

... 1,482.1... 877.9... 238.1... 574.3... 3,172.4... 407.7... 60.6... 277.4... 3.1... 745.0... 51.2... 25.3... 53.6... 400.0... 2,023.9... 1,148.5... 1.1 11.2 (36.3)... (43.0) (151.5) (418.8)... 66.8 318.0 524.9... 24.9 177.7 69.8... 55.4 235.9 302.1

A35 36,300,000 1,003,300,0001,039,600,000 526,200,000139,500,000 432,400,000287,500,000 63,900,000 196,700,000 11,200,000 284,400,000273,200,000 379,500,000421,100,000 470,500,000 1,100,000 87,800,00086,700,000 92,700,00029,700,000 18,300,000 91,700,000 418,800,000(i)380,700,000 197,200,000 55,100,00076,100,000 42,400,00011,300,000(ii) 116,300,00065,900,00063,700,000(iii) 11,500,000 215,100,000

151,500,000(i)130,900,000 61,900,000 20,100,000 26,800,000(ii) 16,400,000 43,000,000 32,400,000 22,700,000 524,900,000894,900,00060,000,000 59,100,000 370,000,000 318,000,000Profit LeaderHandyEssen 487,100,000165,000,000 145,800,000188,300,000 66,800,000 159,800,000 93,000,000

... 124.8 113.5 610.0... 0.7 8.4 35.2 125.5 121.9 645.2... 4.2 34.4 185.7... (0.7) (8.4) (35.2) 3.5 26.0 150.5... 129.0 147.9 795.7... 30.0 448.9... 129.0 117.9 346.8 129.0 147.9 795.7... 0.7 8.4 35.2... 3.5 26.0 150.5 4.2 34.4 185.7

... 5.21% 6.23% 5.43%... 116.3 85.0 448.9... 12.7 62.9 346.8 129.0 147.9 795.7 2,063,000,0001,052,400,000 1,010,600,000 510,200,000

... 21.9 25.8 255.4... 2.7 61.6 195.8... 9.5 46.6 56.5 34.1 134.0 507.7... 0.6 38.5 129.6... 116.3 0.6 38.5 245.9... 11.5... 17.1... 34.7 189.6 765.1 34,700,000446.4% 189,600,000 189,600,000303.5% 765,100,000(i)(ii) (iii)

... 243.0 117.0... 56.0 80.0 299.0 197.0... 300.0... 265.0 277.0... 3.9 1.2 568.9 278.2... 16.0 24.0... 883.9 499.2 1,000 100,000200,000 290,000,000 243,000,000117,000,000 56,000,00080,000,000

13,000,00024,000,000 3,000,000... 300.0... 1.3 0.6 1.3 300.6... 17.9 1.9 0.2... 0.1 1.0 311.3... 11.3 4.9 1.0 29.3 7.8 312.5... 29.3 9.1 613.1

... 144.0 166.2 231.4... 9.9 48.0 72.8... 15.5 380.4 1,263.5... 4.8 5.7 5.3... (1.0) (1.6) (3.1)... 173.2 598.7 1,569.9 (1)... 70.6 181.8 144.6 (1) 365 (i) 668,300,000(ii) 180181365365 1,283,400,000178,600,000107,900,000 1,569,900,000 784,400,00048,800,00039,600,000

(... 44.5 424.5 836.7 ()... 14.3 49.4 36.9 365 424,500,00097.1% 836,700,000 257,600,00030 14.349.4 OEM 30

30 30... 15.5 414.5 819.5 3160... 29.0 9.3 12.8 6190... 0.7 2.6 90... 1.8 44.5 424.5 836.7... 44.5 424.5 836.7 60 (i)510(ii) OEM6090 3031606190 90819,500,00012,800,000 2,600,0001,800,000 836,700,000817,600,000 12,400,0002,300,000700,000

... 164.8 193.1 448.3 (1)... 66.1 84.3 42.8 (1) 365 193,100,000132.2% 448,300,000(i) (ii) 176,700,000 42.8 99.9%30 30

30 30... 164.7 193.1 448.1 30... 0.1 0.2 164.8 193.1 448.3 3030 448,100,000200,000 448,300,000 442,300,000200,000... 29.4 6.4 4.5... 3.3 5.9 8.6 32.7 12.3 13.1 29,400,00023,000,000 6,400,00026,300,000 2,000,0001,500,0002,600,000

6,400,000 1,900,0004,500,000 3,300,0002,600,000 5,900,000 5,900,0002,700,000 8,600,000 2,600,000... 7.1 20.0 37.4... 3.4 11.6 78.9... 14.2 30.3 65.1... 2.7 5.9 10.6 27.4 67.8 192.0 27,400,000 40,400,00067,800,000 16,100,00012,900,000 2,700,0008,700,000 67,800,000 124,200,000192,000,000 20,000,00017,400,00037,400,000 21,900,00011,600,000 67,300,00078,900,000 47,000,000 25,000,00030,300,000 34,800,00065,100,000

... 9.8 57.1 177.2... 11.1 74.1... 6.8 4.7 41.3... 3.0 11.2 22.4... 1.6 2.5 15.1 21.2 86.6 330.1 21,200,000 65,400,00086,600,000 9,800,00047,300,00057,100,000 11,100,000 11,100,000 57,100,000 120,100,000177,200,000 11,100,00063,000,000 74,100,000 38,400,000 11,200,00011,200,000 22,400,0008,200,000 1,000,0001,000,000 2,500,00012,600,00015,100,000 11,100,000

... 289.4 128.8 289,400,000 289,400,000 A36 289,400,000160,600,000 128,800,000(i) 289,400,000(ii) 1,800,000127,000,000 A36

A32(d) A29 90.2%57.4%56.4% 20%30% 188,300,000 400,000,000

1,836,200,000 4.29 A A (1) (2) (3) (3) 5.35... 1,977.8 5,926.4 7,904.2 0.96 0.97 6.20... 1,977.8 6,874.6 8,852.4 1.08 1.09 (1) A 2,633,964,000 656,137,000 (2) 5.356.20 (3) 8,231,900,000 (4)

(5) A 61,400,000 2,300,000 13.1313.19

5.775() 6,496,800,000 27%31% 24%25% 18%20% 14% 0.754.866.12 1.50 0.75 5% 2% 12

5.775( )1,179,200,000 200,000,000

312,800,0005.775 54,164,0003.88% 0.65% China Brands Investments Limited China Brands Investments LimitedChina Brands China Brands 234,600,0001,000 5.775 China Brands40,623,000 2.91%0.49% China BrandsGroupe ArnaultLVMH Moët Hennessy-Louis VuittonGroupe ArnaultChristian Dior LVMH Moët Hennessy Louis VuittonBernard Arnault Groupe ArnaultChristian Dior LVMH Moët Hennessy Louis Vuitton Groupe ArnaultChristian DiorLVMH Cephei Absolute Return Fund Limited Cephei Absolute Return Fund LimitedCephei Fund Cephei Fund 10,000,00078,200,0001,000

5.775 Cephei Fund13,541,000 0.97%0.16% Cephei Fund Cephei FundCephei Capital Management Company LimitedCephei ManagementCDH China Growth Capital Management Company Limited CDH ManagementCDHCephei ManagementCephei ManagementCDH Management Cephei ManagementCDH Management

Morgan Stanley & Co. International plc ()

139,624,000 1,256,602,000

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(viii) (x) (A) (iv) (B) (C) (b) (c) (d) (e) (f)

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World China (a) (b) (i) 10%(ii) Profit Leader (c)

Best QualityWorld China (i)best Quality Best Quality(ii) Best Quality

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A 22 I1 I38 I 38

A III

A I. (A)... 7 870,508 1,731,833 6,238,560... (658,542) (774,688) (2,737,815)... 211,966 957,145 3,500,745... 8 970 3,422 12,287... (63,212) (502,420) (1,947,206)... (50,238) (165,859) (542,587)... 9 99,486 292,288 1,023,239... 22 (7,723)... 10 (3,998) (7,930) (19,894)... 87,765 284,358 1,003,345... 11 (12,709) (49,493) (26,776)... 75,056 234,865 976,569... 13 188,308 400,001... 14 6.00 8.56 14.75

A (B)... 17 92,741 195,400 575,621... 18 18,248 48,408 278,897... 19 533 500 11,636... 20 16,561 656,137... 22 2,612... 32,672 12,392 13,105... 23 483 457 9,057 147,289 273,718 1,544,453... 24 173,192 598,698 1,569,862... 25 44,436 424,488 836,749... 27,348 67,833 192,013... 26 181,139... 32(d) 113,850... 32(d) 63,147 122,054 302,095 489,262 1,326,923 2,900,719... 636,551 1,600,641 4,445,172... 30 1 3 3... 30 487,079 1,318,078... 31 291,428 340,090 1,315,883... 291,429 827,172 2,633,964

A... 29 3,481 26,041 150,535... 23 42,438 3,481 26,041 192,973... 28 164,752 193,088 448,274... 21,211 86,659 330,099... 26 289,357 128,839... 27 1,049... 27 932... 29 124,800 113,512 609,900... 29 661 8,408 35,251... 8,459 7,277 23,496... 32(d) 7,694... 13,132 48,078 42,376 341,641 747,428 1,618,235... 345,122 773,469 1,811,208... 636,551 1,600,641 4,445,172... 147,621 579,495 1,282,484... 294,910 853,213 2,826,937

A (C)... 21 117,812 968,812... 21 375,074 865,569... 164 2,105... 32(d) 113,850... 32(d) 10 39 489,098 867,713... 606,910 1,836,525... 30 3 3... 30 604,890 1,435,889... 31 (51) (210) 400,291... (51) 604,683 1,836,183... 27 51... 2,227 342... 51 2,227 342... 606,910 1,836,525... (51) 486,871 867,371... (51) 604,683 1,836,183

A (D) 30 30 31(b) 31(c)... 3 487,079 3,808 19,568 533 316,181 827,172... 830,999 830,999... (277) (500) (777)... 976,569 976,569... 1 1... 3 1,318,078 3,531 19,068 534 1,292,750 2,633,964... 1 3,808 873 (1,572) 288,319 291,429... 2 488,029 488,031... (950) (950)... 234,865 234,865... (188,308 ) (188,308 )... 18,695 (18,695)... 2,105 2,105... 3 487,079 3,808 19,568 533 316,181 827,172... 1 3,808 873 (1,710) 213,263 216,235... 75,056 75,056... 138 138... 1 3,808 873 (1,572) 288,319 291,429

A (E)... 32(a) 13,310 32,378 43,173... 247 1,202 3,375... (3,998) (7,930) (19,160)... (645) (2,771) 458... (7,703) (11,503) (63,885)... (86) (164) (276)... 1,125 11,212 (36,315)... (32,380) (130,862) (380,701)... (570) (16,387) (245,850)... (11,542)... 32(a) 240 248 4,172... 35 (4,499) 215,132... 22 (10,335)... (43,045) (151,500) (418,789)... 487,081... (188,308)... 32(b) 159,800 165,034 894,936... 32(b) (92,933) (145,808) (370,077)... 66,867 317,999 524,859... 24,947 177,711 69,755... 30,577 55,453 235,904... (71) 2,740 (3,564)... 32(d) 55,453 235,904 302,095

A 1 35(b) 22 Best Quality Investments LimitedBest QualityScotia Centre, 4th Floor, P.O. Box 2804, George Town, Grand Cayman, Cayman Islands Best Quality BVIFamestep Management LimitedFamestep50,0001FamestepBVI Ideanew Management LimitedIdeanew50,0001 Famestep Ideanew Best Quality Best Quality 49,999 Famestep IdeanewFullbest Investments Limited FullbestFullbest 2

A 5 1 7 8 7 8 9 10 11 12 29 2 2 3 (a) (i)

A 1 (ii) 20%50% (b) (i)

A (d) 3(c) (e) 4045 (f) 3050 (g) (i)

A (ii) (iii) (iv) (h) (i)

A (j) (k) (l) (m) (n) 12 (o)

A (p) (q) (i) 5% 1,000 (ii) (iii)

A (r) (s) (t) (i) (ii) (iii) (iv) (u) (v)

A 4 (a) (i) (ii) (iii) (iv) 32(d) 29

A (b) 5 (i) (ii) 20 (i) (ii) (iii)

A (iii) (iv) (v) 6

A... 870,508 870,508... 98,516 98,516... 247... 723... 99,486... (7,723) (7,723)... (3,998)... 87,765... (12,709)... 75,056... 632,923 632,923... 2,612 2,612... 533... 483... 636,551... 203,048 203,048... 128,942... 13,132... 345,122... 34,632 34,632... 12,793 12,793... 424 424... 300 300... 21

A... 1,731,833 1,731,833... 292,965 292,965... 1,368... 2,054... (3,589) (3,589)... (510) (510)... 292,288... (7,930)... 284,358... (49,493)... 234,865... 1,583,123 1,583,123... 16,561 16,561... 500... 457... 1,600,641... 577,430 577,430... 147,961... 48,078... 773,469... 189,603 189,603... 37,886 37,886... 8,344 8,344... 578 578... 3,589 3,589... 510 510... 21

A... 4,661,788 1,576,772 6,238,560... 976,193 108,769 1,084,962... 3,375... 8,912... (1,152) (19,444) (20,596)... (53,414)... 1,023,239... (19,894)... 1,003,345... (26,776)... 976,569... 3,035,246 1,323,142 (590,046) 3,768,342... 15,320 155,556 170,876... 11,636... 9,057... 485,261... 4,445,172... 677,294 843,460 (590,046) 930,708... 795,686... 42,376... 42,438... 1,811,208... 674,155 90,938 765,093... 129,819 53,563 183,382... 12,466 12,466... 888... 1,530 1,530... 1,152 19,444 20,596... 194

A... 689,585 1,472,315 5,933,300... 122,973 115,244 131,820... 57,950 144,274 173,440 870,508 1,731,833 6,238,560... 544,793 1,400,845 4,212,176... 87,214 181,392 209,786... 1,932 18,404 23,210 633,939 1,600,641 4,445,172... 2,612... 636,551 1,600,641 4,445,172... 29,061 179,839 614,554... 5,564 4,265 142,930... 7 5,499 7,609 34,632 189,603 765,093

A 7... 870,508 1,731,833 6,238,560 8... 247 1,368 3,375... 339 405 6,766... 384 1,649 2,146 970 3,422 12,287

A 9... 245 3,262 4,103... 16,018 18,098 39,616 18... 424 8,344 13,354 20... 510 20,596... 657,532 773,002 2,736,526 17... 12,793 37,886 183,382 19... 21 21 194 32(c)... (777) 32(a)... (76) 47 1,367... 21 573 4,757... 28,722 363,559 1,344,849 20... 3,589... 204 3,852 7,943 15... 117,428 271,285 745,601... 300 578 1,530

A 10 5... 3,945 7,793 17,799 5... 53 137 2,095 3,998 7,930 19,894 11... 10,068 47,830 31,333... 2,453 1,364 2,137... 237 284 513 23... (49) 15 (7,207) 12,709 49,493 26,776 15% 0% 15% 15%

A... 87,765 284,358 1,003,345... 12,912 39,238 147,121... (4,059) (565) (138,606)... (138) (623) (3,741)... 2,244 5,812 10,050... 1,610 5,123 11,706... 140 508 246... 12,709 49,493 26,776 14.7%13.8%14.7% 12 (51,000)(159,000)400,501,000 13 (i)... 188,308 (ii)... 400,001 188,308 400,001 (i) (ii) 400,000,811 37(a)

A 14... 75,056 234,865 976,569... 1,249,940 2,743,710 6,619,910... 6.00 8.56 14.75 37(e) 49,999 15... 112,517 250,759 662,236... 4,365 16,691 68,124... 546 3,835 15,241 117,428 271,285 745,601

A 16 (a)... 887 10,046 10,933... 240 10 250...... 357 13 370............... Wolhardt Julian Juul........... 1,484 10,046 23 11,553

A... 878 4,299 5,177... 414 42 12 468... 240 240... 438 44 13 495............... Wolhardt Julian Juul........... 1,730 4,625 25 6,380

A... 4,884 4,000 8,884... 3,600 4,000 17 7,617... 2,400 3,660 19 6,079... 661 325 12 998............... Wolhardt Julian Juul..... 38 38... 38 38... 38 38 114 11,545 11,985 48 23,692 1,000,0001,048,000

A (b) 113... 2,693 4,965 10,380... 35 50 46 2,728 5,015 10,426 1,000,000 1,000,000... 3 1,000,0011,500,000 1,500,000... 1 3 1,500,0012,000,000 2,000,000... 1 4,000,0014,500,000 4,500,000... 1 6,000,0016,500,000 6,500,000... 1 4 4 2 (c)

A 17 (a)... 31,548 20,874 34,722 6,532 6,253 1,569 101,498... 3,855 22,725 2,045 796 4,641 34,062... 1,900 (1,900)... (425) (450) (86) (961)... 78 62 12 23 3 178... 31,626 26,266 57,009 8,514 7,052 4,310 134,777... 4,719 7,367 10,777 4,081 3,029 29,973... 1,141 5,408 4,234 1,159 851 12,793... (425) (286) (86) (797)... 5 35 9 17 1 67... 5,865 12,385 14,734 5,171 3,881 42,036... 25,761 13,881 42,275 3,343 3,171 4,310 92,741... 31,626 26,266 57,009 8,514 7,052 4,310 134,777... 61,884 26,846 20,064 14,187 11,022 134,003... 6,426 979 205 78 7,688... 5,290 (5,290)... (30) (250) (8) (197) (485)... (454) (633) (107) (142) (26) (1,362)... 31,172 99,203 84,477 28,633 21,094 10,042 274,621

A... 5,865 12,385 14,734 5,171 3,881 42,036... 2,325 25,565 6,447 2,111 1,438 37,886... (17) (164) (9) (190)... (40) (296) (61) (106) (8) (511)... 8,150 37,637 20,956 7,176 5,302 79,221... 23,022 61,566 63,521 21,457 15,792 10,042 195,400... 31,172 99,203 84,477 28,633 21,094 10,042 274,621... 182,090 197,245 76,068 24,842 17,648 9,808 507,701... 47,781 11,580 3,325 62,686... 5,868 (5,868)... (2,273) (5,551) (1,855) (3,521) (13,200)... (747) (1,045) (186) (212) (68) (2,258)... 212,515 346,779 154,808 62,988 38,478 13,982 829,550... 8,150 37,637 20,956 7,176 5,302 79,221... 9,967 146,843 14,358 7,385 4,829 183,382... (829) (4,321) (574) (1,937) (7,661)... (77) (619) (116) (177) (24) (1,013)... 18,040 183,032 30,877 13,810 8,170 253,929... 194,475 163,747 123,931 49,178 30,308 13,982 575,621

A (b) 29(d)... 21,755 20,406 23,140 18... 18,955 19,531 58,033... 570 38,532 245,850... 6 (30) (2,041)... 19,531 58,033 301,842... 859 1,283 9,625... 424 8,344 13,354... (2) (34)... 1,283 9,625 22,945... 18,248 48,408 278,897 29(d)... 1,214 1,154 113,534

A 1050... 1,214 1,154 113,534... 17,034 47,254 165,363 18,248 48,408 278,897 14,634,0007,134,000 19... 956 960 938... 11,542... 4 (22) (230)... 960 938 12,250... 404 427 438... 21 21 194... 2 (10) (18)... 427 438 614... 533 500 11,636... 4,481 4,761 13,380 29(d)

A 20... 35(a)... 3,589 3,589... 16,068 1,000 17,068... 3,589 16,068 1,000 20,657... (104) (104) 35(b)... 485,261 175,000 660,261... 488,850 175,000 15,964 1,000 680,814...... 3,589 3,589... 310 200 510... (3) (3)... 3,589 307 200 4,096... 19,444 952 200 20,596... (15) (15)... 3,589 19,444 1,244 400 24,677...... 15,761 800 16,561... 485,261 155,556 14,720 600 656,137

A... 485,261... 3,589 3,589 3,589 488,850 3,589,000Belle Group USA LLC Fullbest 485,261,000 Fullbest 15% 15% Belle Group USA LLC 3,589,000 21... 117,812 968,812 (a)... 375,074 865,569

A (a) (b) 38 22... 2,612... 10,335... (7,723) 35(a)... (2,612)... 2,612 Belle Group USA LLC... 2,500,000 50% 23... 431 483 457 35(b)... 6,715 11... 49 (15) 7,207 35(b)... (47,744)... 3 (11) (16)... 483 457 (33,381)

A... 431 431... 49 49... 3 3... 483 483... (15) (15)... (11) (11)... 457 457... 5,753 962 6,715... 2,863 (962) 1,901... (16) (16)... 441 8,616 9,057... 35(b)... (47,744)... 5,306... (42,438) 24,686,00039,615,00079,118,000

A... 24,686 24,462 34,863... 15,153 44,255 24,686 39,615 79,118 4,348,0009,471,00021,177,000 24... 144,043 166,200 231,420... 9,915 47,992 72,872... 15,445 380,416 1,263,458... 4,826 5,720 5,272 174,229 600,328 1,573,022... (1,037) (1,630) (3,160) 173,192 598,698 1,569,862

A 25 30 30 030... 15,403 414,517 819,540 3160... 29,033 9,297 12,809 6190... 716 2,598 90... 1,802 44,436 424,530 836,749... (42) 44,436 424,488 836,749 26 27 28 30 030... 164,618 193,086 448,148 30... 134 2 126 164,752 193,088 448,274

A 29 (a)... 124,800 113,512 609,900... 661 8,408 35,251 125,461 121,920 645,151... 4,142 34,449 185,786... (661) (8,408) (35,251) 3,481 26,041 150,535... 128,942 147,961 795,686... 30,000 448,900... 128,942 117,961 346,786 128,942 147,961 795,686... 116,320 84,990 448,900... 12,622 62,971 346,786 128,942 147,961 795,686... 5.21% 6.23% 5.43%

A... 116,320 84,990 448,900... 12,622 62,971 346,786 128,942 147,961 795,686 (b)... 31,050 93,507... 4,142 3,399 92,279 4,142 34,449 185,786 (c)... 661 8,408 35,251... 661 8,408 35,251... 1,983 17,463 54,646... 837 170 60,638 4,142 34,449 185,786... (661) (8,408) (35,251) 3,481 26,041 150,535

A (d) 17(b)... 21,755 20,406 23,140 18... 1,214 1,154 113,534 19... 533 500 11,173 23,502 22,060 147,847... 116,320 75,775 131,500... 160,425 291,232 36... 247,828 36... 274,068 36... 72,504 32,427 36... 139,178 150,385 165,700... 145,095 155,238 819,182... 218,714 228,534 193,300

A 30 (a)... 39,000,000 39,000,000 413 (c)... (19,500,000) 19,500,000... 19,500,000 19,500,000 39,000,000 413 (a)(e). 1 1 (b)... 49,999 49,999 1 (d)... 196,470 196,470 2... 50,000 196,470 246,470 3 Fullbest (f)... 36,354 36,354... 86,354 196,470 282,824 3 (a) 390,000 413,00039,000,0000.01 10.01 (b) Best Quality 49,999 Best Quality Bestfull International Limited

A (c) 19,500,0000.01 (i) 19,500,0000.01 (ii) 19,500,0000.01 (d) 2,400196,4700.01 471,526,000488,029,000 (e) (b) (f) Fullbest 831,000,000 22,19322,85936,3540.01 Fullbest... 30(b)... 117,811 30(d)... 488,029... (950)... 604,890 Fullbest 30(f)... 830,999... 1,435,889 22

A 31 (a) (b) 22 (c)...... (51)... (51)... (159)... (210)... 400,501... 400,291

A 32 (a)... 75,056 234,865 976,569... 12,709 49,493 26,776... 7,723... (777)... 424 8,854 33,950... 3,589... 12,793 37,886 183,382... 21 21 194... (76) 47 1,367... 300 578 357... (247) (1,368) (3,375)... 3,998 7,930 19,894 112,701 341,895 1,238,337... (29,651) (8,960) (713)... (92,699) (421,137) (526,164)... (20,959) (379,476) (139,527). (18,306) (39,700) (20,684)... (22,492) 470,496 (287,518)... 91,663 28,336 (432,423)... (10,356) 41,989 196,695... 1,049 (1,049)... (170) (932)... (3,638)... 7,217 (1,182) 16,219... 13,310 32,378 43,173

A 17... 164 295 5,539 9... 76 (47) (1,367)... 240 248 4,172 (b)... 62,056 128,942 147,961 35(b)... 130,000... 159,800 165,034 894,936... (92,933) (145,808) (370,077)... 19 (207) (7,134)... 128,942 147,961 795,686

A (c)... 61... 10,922 10,983... 61... 10,922... (777) 10,206... 777 38(e) (d)... 63,147 122,054 302,095... 113,850 63,147 235,904 302,095... 53,736 109,849 277,695... 8,609 124,338 18,101... 1,301 5,530... 802 416 769 63,147 235,904 302,095

A... 10 39... 113,850 113,860 39 3.1... 63,147 122,054 302,095... 113,850... (7,694) 55,453 235,904 302,095

A 33 (a)... 300,000... 1,292 569 1,292 300,569... 17,865 1,895 236... 11,435 5,881 312,280 29,300 7,776 312,516 29,300 9,068 613,085 (b)... 23,067 111,042 297,917... 12,720 65,249 241,071... 23,784 62,714 35,787 200,075 601,702

A 34... 201 378 3,431... 252 1,716 201 630 5,147 35 (a) Belle Group USA LLC 50% Belle Group USA LLC50% 19,860,000 15,336,000... 6,201... (2,612) 20... 3,589

A 17... 7,688 7,688... 4,947 4,947... 1,346 1,346... 1,702 1,702... (10,459) (10,459)... 5,224 5,224 22... (2,612)... 2,612... 6,201... (1,702)... 4,499 (b) Fullbest Fullbest Fullbest 1,576,772,000 87,805,000 7,458,104,0001,063,225,000 30(f)... 830,999... (345,738) 20... 485,261

A 20... 175,000 17... 62,686 62,686 23... 6,715 6,715... 445,357 445,357... 272,734 272,734... 103,496 103,496... 215,132 215,132... (687,609) (687,609)... (46,011) (46,011) 32(b)... (130,000) (130,000)... (24,018) (24,018) 23... (47,744)... 345,738 218,482... 215,132 (c) 36 Best Quality Investments Limited Mirabell International Holdings Limited Mirabell Footwear Limited

A i... 506,082 333,143 Mirabell Footwear Limitedii. 1,250 403 284 i... 227,211 iii.. 228 iv.. 1,500 4,399 v... 17,394 6,071 v... 1,269 1,362 2,686 vi... 12,268 9,086 37,785 (i) (ii) (iii)

A (iv) (v) (vi)... 180,561 Mirabell Footwear Limited... 578... 274,857... 13,000 127,000... 1,500 1,839 Best Quality Investments Limited... 932 1,049 2627

A (a)(b)... 47,188 227,000... 293 (a)... 14,000 Mirabell International Holdings Limited 72,504 32,427 Best Quality Investments Limited... 247,828 274,068... 139,178 150,385 165,700 (a) (b) (c) 227,000,000 (v) 100,000,000127,000,000 37 (a) (b) (c) 2006 400,000,811 13(ii) 290,000,000 33%15%24%25%

A (d) (e) (f) (g) 19,500,0000.01 39,000,000 0.01 29,961,000,0000.01 390,000413,000 300,000,000317,692,000 70,703,17269,762,820 7,070,317,1760.01 38 Bestfull International 500,001 100% a Limited 1 Famestep Management 4 100% BVI b Limited 1

A Fullbest Investments 20,000 100% BVI b Limited 1 Full Speed Industrial 10,000,000 100% f Limited 1 Full Sport Holdings 10,000,000 100% f Limited 1 20,000 100% a 100 1,000,000 100% h 1,000,000 100% i Belle (IP) Limited 100 100% b 1 Belle Group 2,500,000 100% b USA LLC Belle Worldwide 3 100% a Limited 1 Bestwell (Macao 100,000 100% b Commercial offshore) Company Limited

A 6,000,000 100% j Everfield Limited 1 100% BVI b 1 1,000,000 100% k Full Grace Limited 20,000 100% BVI b 1 Full Grace Limited 200,000 100% f 1 Good Stage Limited 8,000,000 100% f 1 Ideanew Management 3 100% BVI b Limited 1 7,753,846 100% c 1,000,000 100% l Main Success Enterprises 8,000,000 100% f Limited 1 32,000,000 100% d

A Polywise International 20,000 100% BVI b Limited 1 1,000,000 100% m Rich Advance Limited 8,000,000 100% f 1 6,000,000 100% g 60,000,000 100% h 2,000,000 100% e Shinever Limited 20,000 100% BVI b 1 Sockburn Limited 14,000 100% BVI b 1 Staccato (IP) Limited 100 100% b 1 Staccato Footwear 2 100% b (Macau) Company 12,500 Limited Staccato Footwear 200,000 100% a Company Limited 1

A Star Shell Limited 20,000 100% BVI b 1 Victory Ace Limited 20,000 100% BVI b 1 Well Faith Investments 20,000 100% BVI b Limited 1 6,000,000 100% n 6,000,000 100% o 6,600,000 100% p 1,000,000 100% q a b c 6,600,000 d e 32(c)

A f g h i j k l m n o p q

A II.

B Fullbest Investments Limited Fullbest Investments Limited I 1 I31 Fullbest Fullbest

B Fullbest Investments Limited IIIFullbest Fullbest

B Fullbest Investments Limited I. (A)... 7 1,219,544... (822,392)... 397,152... 8 17 3,610... (257,474)... (3,669) (38,026)... 9 (3,652) 105,262... 10 (45)... (3,652) 105,217... 11 (18,561)... (3,652) 86,656... 13 (278.9) 4,332.8

B Fullbest Investments Limited (B)... 16 16 53,963... 10,314... 18 6,715 16 70,992... 19 445,288... 20 272,560... 50,105 91,409... 21 31,557... 26(c) 53,612 218,191 135,274 1,027,448... 135,290 1,098,440... 24 165 165... 24 137,564 137,564... 25 (3,652) 83,004... 134,077 220,733... 22 687,609... 1,213 32,848... 21 3,000... 21 232... 23 130,000... 24,018... 1,213 877,707... 135,290 1,098,440... 134,061 149,741... 134,077 220,733

B Fullbest Investments Limited (C)... 17 1,173... 17 130,480... 21 134,465... 26(c) 2,390 134,465 132,870... 134,465 134,043... 24 165 165... 24 137,564 137,564... 25 (3,264) (3,908)... 134,465 133,821... 21 222... 222... 134,465 134,043... 134,465 132,648... 134,465 133,821

B Fullbest Investments Limited (D) 24 24... 165 137,564 (3,652) 134,077... 86,656 86,656... 165 137,564 83,004 220,733...... 165 137,564 137,729... (3,652) (3,652)... 165 137,564 (3,652) 134,077

B Fullbest Investments Limited (E)... 26(a) (84,118) 109,236... 17 294... (45)... (1,258)... (84,101) 108,227... (16) (73,648)... (16) (73,648)... 137,729 165... 26(b) 130,000... 137,729 165 130,000... 53,612 165 164,579... 53,612... 26(c) 53,612 165 218,191

B Fullbest Investments Limited 1 Fullbest Investments LimitedBB BVI P.O. Box 957, Offshore Incorporation Centre, Road Town, Tortola, BVI 31 1,173,000 2

B Fullbest Investments Limited 5 1 7 8 7 8 9 10 11 12 29 2 2 3 (a) 1

B Fullbest Investments Limited (b) (i) (ii) (iii) (a) (b) (c)

B Fullbest Investments Limited (c) 5 35 5 (d) (e)

B Fullbest Investments Limited (f) (g) (h) (i) (j) 12 (k)

B Fullbest Investments Limited (l) (m) (i) (ii) (iii)

B Fullbest Investments Limited (n) (o) (p) (i) (ii) (iii) (q)

B Fullbest Investments Limited 4 (a) (i) (ii) (iii) (iv) 26(c) 23 (b)

B Fullbest Investments Limited 5 (i) (ii) (i) (ii) (iii)

B Fullbest Investments Limited (iii) (iv) (v) 6 9,731,000 10,023,000 33,583,00034,758,000 7... 1,219,544

B Fullbest Investments Limited 8... 17 294... 2,841... 475 17 3,610 9... 822,392 16... 19,687... 14... 3,208 357... 30 188,103... 1,536 14... 136 62,328

B Fullbest Investments Limited 10 5... 45 11... 25,276 18... (6,715) 18,561 15%33%

B Fullbest Investments Limited... (3,652) 105,217... (46) 18,559... 2... 46... 18,561 1.3%0%17.6% 12 3,264,000644,000

B Fullbest Investments Limited 13... (3,652) 86,656... 13,092 4,204 20,000... (278.9) 4,332.8 14... 135 52,921... 4,128... 1 5,279 136 62,328

B Fullbest Investments Limited 15 (a) (b)... 62 1,028... 24 62 1,052 1,030,0001,000,000 (c)

B Fullbest Investments Limited 16... 16 16... 58,806 11,852 2,990 73,648... (14) (14)... 58,806 11,854 2,990 73,650...... 19,001 563 123 19,687... 19,001 563 123 19,687... 39,805 11,291 2,867 53,963...... 16... 16...... 16

B Fullbest Investments Limited 17... 1,173 (a)... 130,480 (a) (b) 31 18... 11... 6,715... 6,715 19... 445,220... 68 445,288

B Fullbest Investments Limited 20 30 30 030... 251,045 3160... 20,865 6190... 650 272,560 21... 31,557 (232)... 137,564 31,557

B Fullbest Investments Limited 22 030 030... 687,491 3160... 104 60... 14 687,609 23 29 5.4 24 1 (a)... 50,000 412 (a)... 1 (b)... 19,999 165... 20,000 165

B Fullbest Investments Limited... (b)... 137,564... 137,564 (a) 50,000 412,00050,0001 1 (b) 919,990 197416,711,640 137,729,000 25...... (3,264)... (3,264)... (644)... (3,908)

B Fullbest Investments Limited 26 (a)... (3,652) 86,656... 18,561... 19,687... 14... (17) (294)... 45 (3,669) 124,669... (10,314)... (445,288)... (272,560)... (50,105) (41,304)... (31,557) 31,789... 687,609... 1,213 31,635... 3,000... (84,118) 109,236

B Fullbest Investments Limited (b)...... 130,000... 130,000 (c)... 53,612 165 218,191... 18,854 208,155... 34,706 165 9,964... 52 72 53,612 165 218,191... 2,390

B Fullbest Investments Limited 27 (a)... 7,410 47,088... 3,828 53,398... 8,158 11,238 108,644 110 (b) 30 28... 578

B Fullbest Investments Limited 29... 1,994... 54 1,052

B Fullbest Investments Limited... 31,557... 232... 3,000 21 23... 130,000 30 (a) Full Grace Limited Full Grace (HK) Full Grace (HK) 100%5,600,000

B Fullbest Investments Limited (b) 33%15%24%25% 31 Full Grace Limited 20,000 100% BVI a 1 Full Grace Limited 200,000 100% b 1 Polywise International 20,000 100% BVI a Limited 1 Shinever Limited 20,000 100% BVI a 1 Star Shell Limited 20,000 100% BVI a 1 Victory Ace Limited 20,000 100% BVI a 1 Well Faith Investments 20,000 100% BVI a Limited 1

B Fullbest Investments Limited 100% c 60,000,000 100% c 6,000,000 100% c 6,000,000 100% c 6,000,000 100% c 6,000,000 1,000,000 100% c 1,000,000 100% c 1,000,000 100% c

B Fullbest Investments Limited 1,000,000 100% c 1,000,000 100% b a b c II.

A A (1) (2) (3) 5.35... 1,977,827 5,926,410 7,904,237 0.96 6.20... 1,977,827 6,874,574 8,852,401 1.08 (1) A 2,633,964,000656,137,000 (2) 5.356.20 (3) 8,231,900,000 (4) (5) A 61,400,000 2,300,000

B. II-1 II-1 4.29 7 4.29(7) 300

A 4.29(1) (a) (b) (c) 4.29(1)

89 47

3% 512 163(b)

10.990717.81 B.Sc. FRICS FHKIS 24 27

1. 4,954,000 704 10F 2. 44,582,000 9 19 3P24P25 3. 64,396,000 39 20 20 113,932,000 4. 227,000,000

5. 9,122,000 35 6. 35 7. 8 3,726,000 7A67

9. 791,000 A 6313318 240,639,000 10. 65,386,000 39 21 21 434 65,386,000

11. 100,542,000 100,542,000 12. 81-1

13. 22 14. 4 15. 15

16. 9 17. 63 18. 11 19. 5 20. 7 21. 6 22. 18 23. 33

24. 25 520,499,000

1. 5,000,000 1310 704 4,954,000 10F 314.20 2118 1727 17 75 243 150 6 UB1184496 3% (1) Belle Worldwide LimitedBelle Worldwide Limited469,653.15 06100301680066 (2) UB2075825

2. 45,000,000 41193 44,582,000 9 19 3,317.94 3 P24P25 TW 5008 218 36 177500 1894 TWTL 218 99 3 UB5156 TWIL 36 75 243 150 6 3% (1) Belle Worldwide LimitedBelle Worldwide Limited13,573,496.76 06100301680081 (2) TW849489TW1114057 UB5383442UB6936717 (3) P24P25 06101702060026

3. 65,000,000 2720 39 20 20 10453 8511 7700 168000 6000 1,010.78 150KIL10453 RP UB5863822 150 64,396,000 KIL7700 RP UB6202163 8203 150KIL8511 1,000KIL 10453408 KIL 8511 342 KIL 7700 (1) Belle Worldwide Limited 0605300222002964,800,000 (2) UB6228977UB6192885 (3) 06053002220034 06053002220042 06053002220052

4. 113,310.6 17 161,080.23 227,000,000 50 (1) (1995)166 100,004 50 (2) (2005) 1132 13,306.6 50 (3) 17C4940708C4940724 161,080.23 (4) 19 227,000,000 (5) 100% (6) i ii 17

5. 9,122,000 3,999.9 2 35 8,843.70 50 (1) 1650000074673 50000074675500000746775000007468150000074683 50000074686 5000007468850000074691 3,999.950 8,843.70 (2) 100% (3) i ii

6. 4,400 3 35 2,375 (1) 4,400 (2) 100% (3) 1,018,000 (4) i ii iii

7. 92,818.95 16 35,652 12 (1) 30,000.00 4,200,000 (2) 13,000.00 1,820,000 (3) 22,099.94 3,314,991 (4) 25,752.21 5,150,442 (5) 1,966.80 570,140 (6) 100% (7) (8) 24,888,000 (9) i ii iii

8. 3,726,000 867 1,064.46 280.4 30 7A 67 (1) 2 031089503108967A 671,064.46 280.430 (2) 100% (3) i ii

9. A 6 313 318 86 197.76 83.4 50 791,000 (1) 6031089703109026 197.76 83.450 (2) 100% (3) i ii

10. 39 21 21 4 3 4 10453 8511 7700 168000 6000 168000 120013 2 27214 1,010.78 150KIL10453 RP UB5863822 150 KIL 7700 RP UB6202163 8203 150KIL 8511 1,000(KIL 10453) 408 (KIL 8511) 342 (KIL 7700) (1) Belle Worldwide Limited 0605300222006366,000,000 (2) UB6228977UB6192885 (3) 06053002220079 06053002220089 06053002220094 (4) 2 281,000 2 281,000 66,000,000 65,386,000

11. 130,573.92 50 100,542,000 (1) 130,573.92 50 61,579,658 (2) 05-2006-0114 130,573.92 (3) 5000258678 130,573.92 (4) i

12. 81-1 8,634.9887 40 (1) 10C5090625 C50906348,634.9887 1,657.296 (2) Good Stage Limited 8,634.9887Good Stage Limited (3) 7,617.88 3,656,582.4 (4) 15 1,409.53 1,235,751.72 (5) i ii

13. 22 22 1,901.43 38,063,376.00 (1) 2211 12%15% (2) 226 12%23% (3) 48 (4) 397-399 (5) (Whampoa Store)B5-22

14. 4 2 11 248.22 4,278,000.00 (1)

15. 15 14 1 2,638.01 1,313,765.5 (1) 1514 6%8% (2)

16. 9 9 1,970.29 (1) 91,970.29 (2) 971,440.29 (3) 2530

17. 63 63 12,408.51 (1) 6312,408.51 (2) 63252,913.22 (3) 389,477.29

18. 11 11 2,823.11 (1) 112,823.11 (2) 1192,661.11 (3) 2162

19. 5 5 5,029.62 (1) 55,029.62 (2) 522,481.40 (3) 32,548.22

20. 7 7 1,965.01 (1) 71,965.01 (2) 72461.07 (3) 51,503.94

21. 6 6 6,742.33 (1) 66,742.33 (2) 66,742.33

22. 18 18 9,941.56 (1) 189,941.56 (2) 1894,055.04 (3) 95,886.52

23. 29 33 4 22,679.11 (1) 3322,679.11 (2) 33239,400.11 (3) 1013,279

24. 25 25 8,730.89 (1) 258,730.89 (2) 25237,223.26 (3) 21,507.63

30 40

22 1. (a) 27(2) (b) 2. (a) (i)

(ii) (iii) (iv) (v)

(aa) (bb) (cc) (dd) (ee)

(ff) (vi)

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

(viii) (ix) (x) (30) (b) (c) (i)

(ii) (iii) (iv) (v) (d) (e) (21)

(95%) (21) (15) (f) (i)(ii) (iii) (iv) (v) (5%)

(g) (h) (21)

(i) (e) (21) 14 (i) (ii) (95%) (aa) (bb) (cc) (dd) (ee) (ff) (20%)

(gg) (j) (30)

(k) (l) (m) (i) (ii) (a) (b)

(n) (o) (20)

(14) (20) (p) (2) 2.50 1.00 (q)

(r) 3(f) (s) (i) (ii) (t) (i) (ii) (iii)

(u) 3. (a) (b) (a)(b) (c)37(d) (e) (f)

(e) 34 34 2(m) (f) (a)(b) (c) (g) (h) (i)(ii) (iii)

(i) (j) 6 (1) (2) (k) (l) (m)

(n)

(o) (75%) (p) (90%) (q) 4. Conyers Dill & Pearman

6 (1) (2) 30%3% 15%

33% 15% 25% 25% 17% 13% 17% (i)6,600,000 14,200,000(ii)2,000,000 30,300,000(iii)40,400,000 65,100,000 20%

20% 17.5%16.0% 0.1% 0.2% 5.00

2005

A. 1. 919 XI 2. 390,00039,000,0000.01 (a) (b) (c) (d) (e) (f) Offshore Incorporations (Cayman) Limited Best QualityBestfull International LimitedBestfullBest Quality 49,999 390,00039,000,000 0.01195,00019,500,0000.01 195,00019,500,0000.01 50,0000.0150,000 HandyEssenProfit Leader 32,26332,032122,31577,431,200 76,876,800293,556,000 MSIMSIICDH4,656 2744,93011,174,400657,600 11,832,000

(g) (h) Profit Discovery36,354 Fullbest (i) 196,470 (ii) 195,00019,500,0000.01 19,500,000 (i) 29,961,000,000 390,000300,000,000 300,000,00030,000,000,0000.01 3. (a) (b) (c) 29,961,000,000390,000 300,000,000 (i) (ii) (d) 70,703,171.76 7,070,317,176

Best QualityHandyEssenProfit LeaderMSIMSIICDHProfit Discovery 1,249,950,000 694,647,213 689,672,412 2,865,510,375386,009,55922,624,095408,633,654753,269,868 (e) (i) 20% (ii) (f) (f) 10%

4. A Famestep Management Limited Famestep FamestepOIL Officers Limited 1.001.00 Famestep1.00 Best Quality FamestepEverfield Limited EverfieldSockburn LimitedSockburn Belle Worldwide Limited Belle Worldwide Ideanew Management LimitedIdeanew IdeanewOIL Officers Limited 1.001.00 IdeanewFamestep1.00 Best QualityIdeanewBelle (IP) Limited Belle (IP)Staccato (IP) Limited Staccato (IP) Bestfull Bestfull1.00 Best QualityBestfullStaccato (HK Fullbest Fullbest19,9901.00 16,711,640

Full Grace Limited (2) Full Grace (HK) Full Grace (HK)Unite Service Limited 1.001.00 Full Grace (HK)199,999 1.00199,999 Star Shell Limited Star Shell Limited20,000 1.0020,000 Shinever Limited Shinever Limited 20,000 1.0020,000 Polywise International Limited Polywise International Limited 20,0001.0020,000 Well Faith Investments Limited Well Faith Investments Limited 20,0001.0020,000 Full Grace Limited (3) Full Grace (BVI) Full Grace (BVI)Tang King Loy 1.001.00 Full Grace (BVI) Tang King Loy 19,9991.0019,999 12,000,000100,000,000 12,000,000 100,000,00032,000,000266,000,000 (2) (3)

9,000,0007,753,846 Victory Ace Limited 1,000,000 Star Shell Limited 1,000,000 Shinever Limited 1,000,000 Polywise International Limited 1,000,000 Well Faith Investments Limited 1,000,000 60,000,000 6,000,000

6,000,000 6,000,000 6,000,000 5,600,0006,600,000 GNL06 Limited 1.001.00 9,999,999 1.009,999,999 E.V. Services Limited 1.001.00 9,999,999 1.009,999,999 Gold Regal Development Limited 1.001.00 Full Sport Holdings Limited 7,999,9991.00 7,999,999.00

GNL06 Limited 1.001.00 7,999,9991.007,999,999.00 GNL06 Limited 1.001.00 7,999,9991.007,999,999.00 1,000,000

5. Best Quality (a) (b) (c) (d) (e) (f) Famestep IdeanewFamestep Best QualityBestfull Best QualityBest Quality49,999 IdeanewBest QualityBelle (IP)Staccato(IP) Best QualityIdeanew FamestepIdeanew FamestepBest QualityEverfieldSockburn Belle WorldwideBest Quality FamestepFamestep BestfullBest QualityStaccato (HK) Best Quality Bestfull 6. (a) (b)