年報

2008... 2... 3... 8... 11... 20... 28... 30... 31... 32... 34... 35... 36... 89... 90 1

2008 Albert T. da Rosa, Jr. Clarendon House Church Street Hamilton HM 11 Bermuda (852) 2500 5555 (852) 2507 2120 www.ytrealtygroup.com.hk Conyers Dill & Pearman The Bank of Bermuda Limited 6 Front Street Hamilton HM 11 Bermuda (852) 2980 1700 (852) 2890 9350 75 2

2008 170,800,00021.4 328,600,00041.1 48.0% 2.0 3.0 799,557,415 3.73799,557,415 170,800,000 328,600,000 48.0% 10.7%124,300,000 116,500,000 6.7% 50,000,000187,900,000 58,800,000 109,700,00046.4% 3

2008 114,100,000105,100,0008.5% Hublot 96.0% 4

2008 18,800,00035,100,000 46.6% 503,900,000617,000,000 2,363,000,0002,305,000,000 39.1% 25.1% 35.8% 100.0% 15.4%18.6% 140,000,000 57,200,000 45,100,000 5

2008 300,000,000 1.9 50,000,000 6

2008 37 7

2008 44 Palin Holdings LimitedYugang International (B.V.I.) LimitedYugang BVIFunrise LimitedFunrise 26 53 62 Yugang BVI Funrise 43 48 8

2008 49 37Grant MacEwan Community College 54 49 9

2008 48 51 47 10

2008 11

2008 89 4/4 4/4 4/4 4/4 1 4/4 2 4/4 3 4/4 2 4/4 2 4/4 12

2008 1 2 3 4 13

2008 14

2008 15

2008 16

2008 1/1 1/1 1/1 8 17

2008 3.13 1,000,000 3/3 3/3 3/3 3/3 18

2008 19

2008 35 50% 4 30 2.0 16,000,00024,000,000 14 89 35 17 20

2008 3233 26 1,617,300,0001,641,200,00016,000,000 24,000,000 95,700,00095,700,000 23 90 % % 12 21 45 57 21 23 46 49 5% 21

2008 2 87 8 9 22

2008 571 352XV 273,000,000 273,000,000 1 34.14% 1,576,000 1,576,000 0.20% 50,000 40,000 90,000 0.01% 155,254,432 2 43.92% 1 Funrise LimitedFunrise Funrise 273,000,000Funrise Yugang International (B.V.I.) Limited Yugang BVI Timmex Investment Limited 0.57% 9.16% 34.33%35% Prize Winner Limited 30% Peking Palace LimitedPeking Palace 30% Miraculous Services Limited Miraculous Services5% Peking Palace Miraculous ServicesPalin Discretionary Trust 2 Honway Holdings LimitedHonway155,254,432 1 3 23

2008 352 1. 2. 3. 79,955,741 (10%) 4. 1% 24

2008 5. 6. 7. 1.00 8. 9. 25

2008 336 Palin Holdings Limited 273,000,000 34.14% 273,000,000 34.14% 273,000,000 34.14% Yugang BVI 273,000,000 34.14% Funrise 273,000,000 34.14% 273,000,000 Funrise2324 336 2324 26

2008 27

2008 Y. T. Realty Group Limited 3088 1981 90 28

2008 29

2008 5 124,344 116,520 (9,338) (7,802) (570) 115,006 108,148 5 957 26,526 (32,089) (28,682) 6 (18,770) (35,147) 50,021 187,892 6,174 58,837 109,742 7 180,136 368,479 10 (9,595) (39,916) 170,541 328,563 11 170,781 328,563 (240) 170,541 328,563 12 15,991 23,987 13 21.4 41.1 2.0 3.0 30

2008 14 682 1,043 15 2,374,230 2,315,900 17 1,327,569 1,413,205 19 793 800 3,703,274 --------------- 3,730,948 --------------- 20 1,136 1,136 21 1,776 18,529 8,808 7,204 45,108 61,247 56,828 --------------- 88,116 --------------- 22 3,163 1,398 111,684 63,825 23 197,200 253,100 1,785 563 313,832 318,886 --------------- --------------- (257,004) (230,770) --------------- --------------- 3,446,270 --------------- 3,500,178 --------------- 23 306,700 363,900 24 153,878 148,856 460,578 512,756 --------------- --------------- 2,985,692 2,987,422 25 79,956 79,956 2,889,979 2,883,479 12 15,991 23,987 2,985,926 2,987,422 (234) 2,985,692 2,987,422 31

2008 79,956 95,738 1,350 1,800 1,321,935 120,550 651 1,341,455 23,987 2,987,422 2,987,422 (7,580) (7,580) (7,580) (133,678) (133,678) (133,678) 1,887 1,887 1,887 (8,919) (8,919) (8,919) (139,371) (8,919) (148,290) (148,290) 6 6 170,781 170,781 (240) 170,541 (139,371) (8,919) 170,781 22,491 (234) 22,257 (23,987) (23,987) (23,987) 12 (15,991) 15,991 79,956 95,738* 1,350* 1,800* 1,321,935* (18,821)* (8,268)* 1,496,245* 15,991 2,985,926 (234) 2,985,692 *2,889,979,0002,883,479,000 32

2008 79,956 95,738 1,350 1,800 1,321,935 69,454 3,052 1,036,879 23,987 2,634,151 2,634,151 51,096 51,096 51,096 (2,401) (2,401) (2,401) 51,096 (2,401) 48,695 48,695 328,563 328,563 328,563 51,096 (2,401) 328,563 377,258 377,258 (23,987) (23,987) (23,987) 12 (23,987) 23,987 79,956 95,738 1,350 1,800 1,321,935 120,550 651 1,341,455 23,987 2,987,422 2,987,422 33

2008 28 106,122 88,596 (18,495) (34,448) (3,360) (2,733) 8 1,231 84,275 52,646 ------------------- ------------------- 531 1,392 44,476 35,581 (8,309) (2,958) (25) (68) 187 27 4,500 36,673 38,634 ------------------- ------------------- 120,948 91,280 ------------------- ------------------- 30,000 (113,100) (79,000) (23,987) (23,987) (137,087) (72,987) ------------------- ------------------- (16,139) 18,293 61,247 42,954 45,108 61,247 45,108 7,541 53,706 45,108 61,247 34

2008 16 1,793,306 1,817,223 332 228 19 2 779 842 1,130 1,072 ---------------- ---------------- 1,427 1,396 21 1,427 1,417 ---------------- ---------------- (297) (345) 1,793,009 1,816,878 25 79,956 79,956 26 1,697,062 1,712,935 12 15,991 23,987 1,793,009 1,816,878 35

2008 1 2.1 36

2008 2.2 39 7 11 14 39 7 2 19 39 7 39 7 37

2008 2.2 112 11 11 1419 14 19 38

2008 2.3 1 27 2 1 27 1 2 1 3 2 7 7 1 8 1 1 1 23 1 27 2 32 32 1 1 39 1 39 2 3 13 1 15 4 16 2 17 2 18 * 5 1 2 3 4 39

2008 2.3 * 5 718 101618192023 2728293134 3638394041 81 327 3 27 712 2128 31 327 814 8 1 1 40

2008 2.4 (1) 5 (2) 20% (3) 41

2008 2.4 (3) 30 3 (4) 42

2008 2.4 (4) (5) (i) (i) (ii)(iii) (ii) (iii) (iv) (v) (i) (iv) (vi) (iv) (v) (vii) 43

2008 2.4 (6) 20% 15% 20% 20% 33% 44

2008 2.4 (7) (8) (9) (10) 39 45

2008 2.4 (10) 46

2008 2.4 (11) 47

2008 2.4 (11) (12) 48

2008 2.4 (13) (14) (15) 49

2008 2.4 (15) (16) (17) 50

2008 2.4 (18) 51

2008 2.4 (19) (i) (ii) (iii) (iv) (v) (20) 52

2008 2.4 (20) (21) 53

2008 2.4 (22) 3 266,924,000 266,924,00018 54

2008 4 55

2008 4 114,111 10,233 124,344 126,776 (42) 7,161 133,895 (18,770) 6,174 6,174 58,837 58,837 180,136 (9,595) 170,541 2,429,743 1,153 844 2,431,740 1,327,569 1,327,569 793 3,760,102 53,217 16 19,495 42,119 114,847 659,563 774,410 8,309 25 8,334 385 385 50,021 50,021 56

2008 4 105,131 480 10,909 116,520 262,706 (124) 7,708 270,290 17,555 6,039 (35,147) 109,742 109,742 368,479 (39,916) 328,563 2,385,501 16,458 3,100 2,405,059 1,413,205 1,413,205 800 3,819,064 45,265 15 19,942 65,222 766,420 831,642 2,958 68 3,026 515 515 187,892 187,892 57

2008 4 124,344 124,344 3,753,458 6,644 3,760,102 8,334 8,334 116,520 116,520 3,796,802 22,262 3,819,064 3,026 3,026 58

2008 5 114,111 105,131 10,233 10,909 480 124,344 116,520 517 1,392 279 396 27 6,039 21 15,100 161 3,599 957 26,526 6 17,832 34,237 938 910 18,770 35,147 59

2008 7 14 385 515 1,275 996 1,006 825 8 9,460 8,730 13,009 12,760 * 410 334 22,879 21,824 (114,111) (105,131) 6,477 4,755 (107,634) (100,376) 24 (13) * 60

2008 8 161 1,300 1,200 2,830 2,450 11,200 11,100 134 116 15,464 14,866 300 200 200 100 400 200 600 800 61

2008 8 7,000 1 7,001 2,830 2,600 131 5,561 1,200 1 1,201 400 1 401 2,830 11,200 134 14,164 500 500 200 200 700 2,830 11,200 134 14,864 7,000 1 7,001 2,450 2,500 113 5,063 1,200 1 1,201 400 1 401 2,450 11,100 116 13,666 400 400 400 2,450 11,100 116 14,066 62

2008 9 8 1,789 1,630 450 450 83 75 2,322 2,155 500,0011,000,000 1 1 1,000,0011,500,000 1 1 2 2 63

2008 10 16.5%17.5% 4,885 2,967 (312) (24) 4,573 2,943 24 5,022 36,973 9,595 39,916 180,136 368,479 16.5%: 17.5% 29,722 64,484 (312) (24) (102) (77) (8,506) (9,708) (19,205) (1,103) (5,098) 221 286 (647) (501) 35 52 (5) (1) 9,595 39,916 64

2008 11 118,000146,000 26 12 2.03.0 15,991 23,987 13 170,781 328,563 799,557,415 799,557,415 65

2008 14 753 419 461 1,333 247 3,213 (745) (234) (454) (555) (182) (2,170) 8 185 7 778 65 1,043 8 185 7 778 65 1,043 25 25 (6) (6) (2) (64) (2) (267) (50) (385) 5 5 6 146 5 511 14 682 753 444 461 1,333 241 3,232 (747) (298) (456) (822) (227) (2,550) 6 146 5 511 14 682 66

2008 14 753 365 461 1,333 306 3,218 (620) (173) (452) (289) (194) (1,728) 133 192 9 1,044 112 1,490 133 192 9 1,044 112 1,490 54 14 68 (73) (73) (125) (61) (2) (266) (61) (515) 73 73 8 185 7 778 65 1,043 753 419 461 1,333 247 3,213 (745) (234) (454) (555) (182) (2,170) 8 185 7 778 65 1,043 67

2008 15 2,315,900 2,125,050 8,309 2,958 50,021 187,892 2,374,230 2,315,900 1,223,900 1,223,900 1,143,730 6,600 1,150,330 2,367,630 6,600 2,374,230 Savills Valuation and Professional Services Limited 23 89 68

2008 16 1,465,569 1,465,569 1,240,336 1,264,253 2,705,905 2,729,822 (912,599) (912,599) 1,793,306 1,817,223 35 17 1,060,645 1,146,281 18 266,924 266,924 1,327,569 1,413,205 993,628 1,266,093 69

2008 17 1 43.92% 41.94% 244,401 290,846 140,266 261,660 2,106,517 1,590,861 533,078 1,419,031 (135,126) (184,392) (560) (1,500) (68,285) (68,974) 2,435,624 2,755,026 70

2008 18 266,924 6%6% 19 793 800 20 1,136 1,136 71

2008 21 1,776 18,529 1,776 18,529 0 30 365 2,721 31 60 1,389 544 60 22 15,264 1,776 18,529 72

2008 21 19,386 (286) 5 (15,100) (4,000) 83 2,521 557 200 1,135 544 1 15,264 1,776 18,529 73

2008 22 0 30 2,193 1,367 31 60 970 31 3,163 1,398 23 197,200 253,100 126,700 57,200 180,000 306,700 503,900 617,000 (197,200) (253,100) 306,700 363,900 3.19% 5.38% ( ) 2,363,000,0002,305,000,000 ( ) 74

2008 24 47,496 65,936 (1,549) 111,883 10 4,167 32,381 425 36,973 51,663 98,317 (1,124) 148,856 10 1,309 2,589 1,124 5,022 52,972 100,906 153,878 23,681,00024,302,000 75

2008 25 1,500,000,0000.1 150,000 150,000 799,557,415799,557,415 0.1 79,956 79,956 79,955,741 10% 1% 76

2008 26 3233 95,738 1,317,168 1,350 322,520 1,736,776 146 146 12 (23,987) (23,987) 95,738 1,317,168 1,350 298,679 1,712,935 118 118 12 (15,991) (15,991) 95,738 1,317,168 1,350 282,806 1,697,062 77

2008 27 (1,539) 5 6,039 4,500 4,500 4,500 4,500 78

2008 28 180,136 368,479 (58,837) (109,742) 5 (517) (1,392) (50,021) (187,892) 7 385 515 (6,174) 6 17,832 34,237 5 (6,039) 82,804 98,166 15,148 (10,944) 8,170 806 568 106,122 88,596 79

2008 29 15 105,290 97,251 79,810 72,102 185,100 169,353 1,667 581 972 2,639 581 80

2008 30 29 967 2,057 20,635 23,761 21,602 25,818 31 1,164,476 1,217,509 1,164,476,0001,217,509,000 503,900,000 617,000,000 81

2008 32 (i) 581 996 (ii) 1,120 910 (i) Y. T. Group Management LimitedYTGML (ii) YTGML 15,409 14,832 183 161 15,592 14,993 8 82

2008 33 45,108 61,247 793 800 1,776 18,529 659 285 2,435 18,814 ---------------- ---------------- 48,336 80,861 3,163 1,398 94,614 48,120 503,900 617,000 601,677 666,518 83

2008 34 25 (1,341) (25) 1,341 100 (6,170) (100) 6,170 84

2008 34 31 203,083 310,386 513,469 3,163 3,163 2,709 91,905 94,614 2,709 298,151 310,386 611,246 85

2008 34 274,330 389,088 663,418 1,398 1,398 979 47,141 48,120 979 322,869 389,088 712,936 15.4% 18.6% 86

2008 35 Best View Investments 1 1 100% 100% Hong Kong Company Limited Best View Limited 21 100% 100% E-Tech Services Limited 21 100% 100% 21 100% 100% Honway Holdings Limited 1 1 100% 100% Mainland Sun Ltd. 1 1 100% 100% 21 100% 100% 21 100% 100% 87

2008 35 6,000 100% 100% 500 Y. T. Group 21 100% 100% Management Limited Y. T. Investment 50,100 100% 100% Holdings Limited 1 Y. T. Investment 1 1 100% 100% Management Limited Y. T. Properties 2011 100% 100% International Limited 1001 100% 100% Y. T. Investment Holdings Limited 36 88

2008 % 23 25 8,724 113,500 100 1-13 6,310 94,700 100 % 100 17 4 % 4,480 100 333 89

2008 983 1,870 1,490 1,043 682 1,747,770 1,927,840 2,125,050 2,315,900 2,374,230 812,554 860,382 1,290,349 1,413,205 1,327,569 1,468 1,235 879 800 793 23,706 415 69,212 218,247 60,433 88,116 56,828 (252,837) (229,008) (315,167) (318,886) (313,832) (183,625) (10,761) (254,734) (230,770) (257,004) (462,876) (444,622) (528,883) (512,756) (460,578) 1,939,980 2,336,359 2,634,151 2,987,422 2,985,692 79,716 79,956 79,956 79,956 79,956 1,844,273 2,236,414 2,530,208 2,883,479 2,889,979 15,991 19,989 23,987 23,987 15,991 1,939,980 2,336,359 2,634,151 2,987,422 2,985,926 (234) 1,939,980 2,336,359 2,634,151 2,987,422 2,985,692 89,843 93,942 99,473 116,520 124,344 117,122 290,243 327,267 368,479 180,136 (22,721) (39,555) (39,179) (39,916) (9,595) 94,401 250,688 288,088 328,563 170,541 94,401 250,688 288,088 328,563 170,781 (240) 94,401 250,688 288,088 328,563 170,541 90