CHerish Holdings Limited 2113
CHerish Holdings Limited 185,000,000 140,000,000 45,000,000 18,500,000 166,500,000121,500,000 45,000,000 0.70 1% 0.0027% 0.005% 0.01 2113 342C
(1) www.hkexnews.hk www.cherishholdings.com (2)......................... (3)...................................................... (1) www.hkexnews.hk www.cherishholdings.com (4)............................... (2) 10................ (3) www.hkexnews.hk www.cherishholdings.com (1) (2)........................ www.tricor.com.hk/ipo/result.................. (5) (8)(10).................. (5) (10)................. 1. i
(1) 2. 9. 3. 5. 4. 5. (i)(ii) 6. 1,000,000 18322 7. 1,000,000 6 8. 13. ii
(1) 9. 10. 13. 11. iii
..................................................................................................... i iv................................................ 1..................................................... 11.................................................. 20................................................ 24.................................................. 26............................... 47..................................... 51.................................................. 54.................................................. 56................................................ 69................................................ 91..................................................... 98........................................... 194........................................... 200.................................................. 212..................................................... 214.................................................. 218 iv
..................................... 262..................................................... 271....................................... 279....................................... 287..................................... I-1................................................................................ II-1 III-1 IV-1...................... V-1 v
14 (a) (b) (c) (d) (a)14 (b) (c) 218,700,000 95.0%99.3% 73.8% 1
18 267,200,000 7 424,600,000 183,400,000 242,000,000 62.0%99.3% 39.1% 100%100%96.2% 27,700,000138,500,000 70,300,00033.0% 99.3% 33.5% 33.5% 175,900,000 101,400,000 97,700,000 242,000,0007 2
17 41 82 13 38 47 2 8 11 (%) 15 21 23 (i)(ii) (iii)(iv) 17.3%29.5% 28.4% 60.5%71.3% 72.7% 22,100,000 15,000,000 109,700,000 Euromonitor 7.2% Euromonitor 179 391 26.4% 2.18% 3
83,947 139,367 210,046 (69,014) (104,131) (167,546) 14,933 35,236 42,500 59 515 (3,308) (4,163) (8,041) (179) (389) (375) 11,446 30,743 34,599 (1,793) (5,072) (6,175) 9,653 25,671 28,424 4 8 15 83,900,000 139,400,000210,000,000 4
95.0%99.3% 73.8% % % % 79,767 95.0% 138,450 99.3% 155,010 73.8% 4,180 5.0% 917 0.7% 55,036 26.2% 83,947 100.0% 139,367 100.0% 210,046 100.0% 14,900,000 35,200,00042,500,000 17.8%25.3% 20.2% 4,700,0006,800,000 6,100,0006.8%6.5%3.6% 25.3% 25.6% 99.3% % % % 14,387 18.0% 35,134 25.4% 32,557 21.0% 546 13.1% 102 11.1% 9,943 18.1% 14,933 17.8% 35,236 25.3% 42,500 20.2% 5
6 10,003 14,734 21,910 24,404 73,330 104,822 20,277 47,130 75,720 4,127 26,200 29,102 11,107 36,778 45,202 13,075 57,322 26,189 (12,922) (24,980) 1,058 1,627 (3,997) (6,109) 1,780 28,345 21,138 957 2,737 31,082 2,737 31,082 52,220 57,300,000 26,200,000(i) 21,700,000 (ii) 19,100,000 20,500,000 1 1.2 1.6 1.4 2 61.7% 20.4% 15.9% 3 37.0% 4 64.9 80.0 93.3 5 28.1% 29.2% 22.4% 6 86.9% 69.8% 62.9% 7 11.5% 18.4% 13.5% 1. 2. 3.
4. 5. 100% 6. 100% 7. 100% Waterfront Palm 75% Waterfront Palm 18,500,000 166,500,000 1 518,000,000 2 0.70 5,000 0.17 0.70 1. 740,000,000 2. 79,300,000 7
47,200,000 59.5% 14,800,000 18.7% 10,000,000 12.6% 7,300,000 9.2% 24,700,000 18,700,0006,000,00018,700,000 6,100,000 12,600,000 2,800,000 9,800,000 0.70 185,000,000 20,000,00020,000,000 19,000,00019,000,000 8
7 424,600,000(a)412,400,0006 4 183,400,0002 (b)12,200,000 242,000,000 242,000,0007 9
5 93,500,0003 424,600,000 7 (i)(ii) 112 56E 56F 10
123 (A) 3. 599,990,000 11
3311 223 622 32L 32 12
Waterfront Palm C & H Engineering Company Limited (E)1. Euromonitor Euromonitor International Limited Euromonitor Euromonitor GAAP 13
Honestly Luck Honestly Luck Limited 14
140,000,000 0.701% 0.0027%0.005% 15
27,750,000 15% 166,500,000 32 1% 0.0027%0.005% 16
18,500,000 45,000,000 Waterfront Palm 571 0.01 (D) 17
6 Waterfront Palm 27,750,000 Tall Too Tall Too Limited 18
Waterfront Palm Waterfront Palm Limited 50% 40% 10% % 19
587 295B 295 282 20
112 ISO ISO 9001 ISO 9001 ISO 14001 ISO 14001 285B OHSAS 21
OHSAS 18001 OHSAS 18001 C. 22
(i) (ii) (iii) 23
24
25
10,800,000500,000 14,300,000 38,700,000 200,000 83,900,000139,400,000 210,000,000 26
94,738 139,818 224,351 (10,791) (451) (14,305) 83,947 139,367 210,046 16,184 35,327 43,249 (1,251) (91) (749) 14,933 35,236 42,500 12,697 30,834 35,348 (1,251) (91) (749) 11,446 30,743 34,599 (i) 1,300,00091,000 700,000(ii)17.8%25.28% 20.2% 17.1%25.27% 19.3%(iii) 13.6%22.06% 16.5% 13.4%22.05% 15.8% 27
(i) (ii) (iii) +10% 24,201 +5% 12,100-5% (12,100) -10% (24,201) 7 242,000,000 79,800,000138,500,000 155,000,000 95.0%99.3% 73.8% 28
15% 21% 23% 29
100%100%96.2% 30
62.0%99.3% 39.1% 83,900,000 139,400,000 210,000,000 14,900,000 35,200,00042,500,000 17.8%25.3% 20.2% 9,700,00025,700,00028,400,000 11.5%18.4% 13.5% 31
2.5%5% 7,100,000 9,600,00022,400,000 1/2015 32
200,000,000 311Z 524 48 B. 311Z 4 2 13,100,00057,300,000 26,200,000 33
22,100,000 15,000,000 109,700,000 115 57 57 34
35
5% 10%2.5% 5% 4,800,000600,0006,800,0004,000 7,100,0009,600,00022,400,000 10.67.2 6.4 41%45% 58% 100%100% 59% 2,000,000 300,0004,000,0004,800,000 600,000 4,000,000 36
8017,600,000 8,500,0007,700,000 11,600,000 37
47,200,000 47,200,000 59.5% 29,400,00017,800,000 3,500,000 11,800,000 38
52(4) (5)56E56F 1,650,0001,700,000 39
20,000,00019,000,000 40
Euromonitor 41 13 39 Euromonitor 391 41
Euromonitor 61.5 83.0 7.8% 42
0.70 0.17 43
44
Euromonitor 45
46
571V 47
44B(1) Codan Trust Company (Cayman) Limited 48
30 27,750,000 15% 49
5,000 2113 1.00 7.80 50
D 73 8 8 5 37 D D 73 189 5 189 80 2 22 19 5 47 RA 51
18 1 2701 6 183 11 1113A 1115 1( 183 11 1113A 1115 1 18 1 2701 1 2 56 29 52
Conyers Dill & Pearman Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 8 22 2201 2203 33 43 1 Waterfront Palm Limited P.O. Box 957 Offshore Incorporations Centre Road Town, Tortola British Virgin Islands 53
Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 18-24 917 (ACSACIS) 64-66 6 J 18 1 2701 6 D 73 8 8 5 37 D 54
Codan Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 183 22 15 35 1 www.cherishholdings.com 55
Euromonitor Euromonitor Euromonitor Euromonitor EuromonitorEuromonitor Euromonitor 53,200 414,960 EuromonitorEuromonitor EuromonitorEuromonitor Euromonitor Euromonitor Euromonitor(i) (ii) Euromonitor Euromonitor80 EUROMONITOR EuromonitorEuromonitor(i) (ii) (iii) 56
(iv) EUROMONITOR Euromonitor EuromonitorEuromonitor 200.0 180.0 160.0 140.0 120.0 100.0 80.0 60.0 40.0 20.0-30.0 32.5 20.4 23.8 77.1 11.6 54.7 62.3 68.8 42.1 49.4 49.5 54.0 66.1 35.3 16.6% 1,432 26.9% 7.4% 57
85.0 80.0 75.0 70.0 65.0 60.0 55.0 50.0 83.0 76.2 72.5 66.7 61.5 7.8% 26 100 48 58
1,100 460,00040% 184,000 29 19,200 1 4,840 2.04312 i. ii. iii. 59
iv. v. vi. 179 391 115 60
30% 5,000 4,000 3,000 2,000 1,102 1,177 2,714 3,222 3,125 3,208 3,782 4,209 4,247 4,358 1,000 Euromonitor 29.8% 31 8.0% 41 13 61
39 3,000 2,500 2,000 1,500 1,000 500 488 621 1,484 2,062 1,949 1,990 2,383 2,652 2,761 2,833 - Euromonitor 139.1% 39.0%5.5%20 9.2% 62
120.0 100.0 80.0 60.0 40.0 104.0 105.0 104.1 96.2 50.8 41.0 50.0 53.3 56.7 60.4 20.0-47.2% 4,700,0006,800,000 6,100,0006.8%6.5%3.6% 10.2% 63
26.4% * 1 A 7.3% 2 B 6.6% 3 C 5.6% 4 D 4.1% 5 E 2.8% Euromonitor * 64
65
5%3,500 66
10% 7.2% 67
68
A. 59 500,000 500,000 6BA(5) 50,000 5 509 69
200,000 200,000 200,000 500,000 282 70
152 147 714 7 14 24 40 200,000,000 6 100,000 57 43C (a) (b) 71
60 90 14 5 50,000 43F43C (1) (2) 314 115 38A (i)(ii) (i)(ii) 350,000 72
608 32.5 583 3(1)5 1. 58(7)(a) 2. i. 7 ii. 7 2 58(7)(b) 73
485 60186560 25,0007,100 30,0007,100 5% 1,250 1,500 5% 25,000 30,000 (1) (2) (3) (4) (5) (6) (7) (8) 74
B. 311 311R 3 100 4 75
311Z 4 5 11 (i)200,000 (ii)50,000 1/2015 200,000,000 200,000,000 50%20% 0% 76
524 48 2 1 45.2 1 5 0 1,691.5 3 1 112.0 2 2 0 244.8 25 2 9,629.8 3 1 0 1,803.0 1 0 712.5 5 0 432.1 2 0 1,446.2 2 0 54.7 48 4 16,171.8 1. 45,208 2. 105,000 7,000 3. 9,564,771 65,000 400 77
(a)100,000(b) 200,000 20,000 358 (a) 200,000 (b)400,000 10,000 354 78
1,000,000 21 200,000 500,000 466 200,000 500,000 10,000 499 79
2 2 I (a)2,000,000(b) 5,000,000(c) 6100,000(d) 1,000,000 10,000 132 10,0003 200 50,000 5 25,0004 450 10,0003 200 10,0003 200 80
C. 587 2 81
52 5294 (a) (b) (c) (d) 583 82
8 1. 2. 3. 4. 201 5. 6. 7. 8. i. ii. 83
9. 6 10. 11. 10 A. B. C. D. 5,000,000 (i) (ii) 84
60 120 30 60 45 D. 295 295 3 6 77 146 25,000 85
295A 46 4722 22 24 24 86
4 (a)(b) (c) 7 150 87
6 7 31A 1 2 1 88
1 E. 619 106 82 (a) (b) 67 (a) (b)(c) (d) 89
90
33.33%66.66% 25% 25% 50% 40 50% 9 10% 91
1.00 33.33%33.33% 33.33% 1.00 25%25% 50% 25% 1.00 50% 50% 2 50%2.00 50% 50% 1.003 2 50%40% 10% 28,900,000 92
3452 56A 127,100,000 175,900,000 ISO 9001:2008 ISO 14001:2004 OHSAS 18001:2007 127,300,000 101,400,000 93
i ii (a) Waterfront Palm Waterfront Palm 54 1 Waterfront Palm50%40% 10% (b) Honestly Luck 1Honestly LuckHonestly Luck Waterfront Palm (c) Tall Too 1 Tall TooTall Too Honestly Luck 1.00 94
(d) 380,000 38,000,0000.01 1 Waterfront Palm (e) Honestly Luck 5 4 1 Honestly Luck99 Waterfront Palm50%40% 10% (f) Waterfront Palm100 Honestly LuckHonestly Luck(i) Waterfront Palm(ii) 9,999 Waterfront Palm (f) 50% 40% 10% 95
Waterfront Palm 45,000,000 50% 40% 10% Waterfront Palm 100% 100% Honestly Luck 100% 100% Tall Too 2 3 1. Honestly Luck 2. Tall Too 3. 96
50% 40% 10% Waterfront Palm 75% 25% 100% Honestly Luck1 100% 100% Tall Too2 3 1. Honestly Luck 2. Tall Too 3. 97
14 (a) (b) (c) (d) % % % 83,947 100.0 139,367 100.0 204,633 97.4 0.0 0.0 5,413 2.6 83,947 100.0 139,367 100.0 210,046 100.0 (a)14 (b) (c) 218,700,000 3 98
18 267,200,0007 424,600,000183,400,000 242,000,000 % % % 79,767 95.0 138,450 99.3 155,010 73.8 4,180 5.0 917 0.7 55,036 26.2 83,947 100.0 139,367 100.0 210,046 100.0 242,000,0007 99
% % % 79,767 95.0 138,450 99.3 76,036 36.2 4,180 5.0 477 0.4 126,336 60.1 440 0.3 2,261 1.1 5,413 2.6 83,947 100.0 139,367 100.0 210,046 100.0 79,800,00058,700,00073.6% 138,500,000 131,700,000 26,600,000 138,500,00062,500,000 45.1%76,000,000 8,400,000 500,000125,800,000 126,300,000(i) 39,000,000400,000(ii) 77,000,000 100%100% 96.2%62.0% 99.3% 39.1% 100
16,900,000 8,500,0007,700,000 11,600,000 4,900,0002,300,000 7,300,000 14 101
218,700,000 127,300,000 40 9 3 102
8,500,0007,700,00011,600,000 16,900,000 ISO 90012008ISO 140012004 OHSAS 180012007 103
10% 303,200,000 175,900,000 127,300,000 10% 104
47,200,000 (i) (ii)(iii) (iv) 14,800,000 37 15 14 105
106
107
108
109
110
111
1 2 8 9 5 2 190,833 251,698 129,186 93,526 1. 2. 10 112
3 5 9 1 3 6 4 8 15 % % % 79,767 95.0 138,450 99.3 155,010 73.8 4,180 5.0 917 0.7 55,036 26.2 83,947 100.0 139,367 100.0 210,046 100.0 113
268 7 127,078 1 177,782 2 245,215 6 349,795 8 192,753 3 245,215 6 124,431 8 102,845 7 (142,049) (2) (177,782) (2) (19,851) (6) (28,014) (8) 177,782 2 245,215 6 349,795 8 424,626 7 114
18 4,180 600 600 A 52,022 1,166 302 26,579 131,708 8,419 2,057 2,057 157 37 D 4,743 80 5,223 871 1,443 518 518 115
428 E 1,970 5,707 374 374 C 440 2,261 769 769 F 359 135 135 148 31 551 31 551 536 536 4,384 4,384 K 9,007 9,007 267,205 18,962 116
7 1 2 3 101,407 397 39,007 60,205 71,684 97,714 77,005 10,273 10,273 G 9,215 1,731 6,581 7,484 127,270 5,412 59,853 26,226 63,447 H 61,970 18,300 61,970 I 12,237 12,237 J 14,813 8,281 14,911 424,626 313,271 242,006 117
1. 2. 3. 118
30 3045 12 119
17 41 82 13 38 47 2 8 11 (%) 15 21 23 120
121
122
D. (a) (b) (c) 1 1 123
3 7 7 124
1 1 (a)(b) (c) (d) (BSC) 125
1 1 126
(i) (ii) (iii) 127
10%2.5%5% 50%50% (i) (ii)(iii) 6 50% 10,800,000500,000 14,300,000 38,700,000 200,000 128
12 50% 62.0%99.3% 39.1% 100.0%100.0% 96.2% 129
% 1. A A 2. 3311 3. 2221 5 45 3 21 4 45 52,022 62.0 27,745 33.0 4,180 5.0 83,947 100.0 130
% 1. 3311 2. C 3. 4. 2221 3 21 138,450 99.3 2 440 0.3 30 1 397 0.3 14 4 80 0.1 45 139,367 100.0 131
% 1. 2221 2. 3311 3. 4. 5. D 4 45 3 21 1 14 1 14 1 30 82,228 39.1 70,328 33.5 39,007 18.6 5,707 2.7 4,743 2.3 202,013 96.2 8,033 3.8 210,046 100.0 5% 132
100.0%100.0% 96.2% 62.0%99.3%39.1%Euromonitor 27,700,000138,500,000 70,300,00033.0% 99.3% 33.5% 33.5% 100,000,000 99.3%175,900,000 28 133
(i) 21 10% 5%(ii) (iii) (iv) (v)12 14 Euromonitor7.2% Euromonitor 134
C 110,000,000 D 105,000,000 A A A52,000,000 62.0% 82,200,00039.1% 900,000 139,700,0000.7% 66.5% 99.3% 33.5%(i) 135
175,900,000 (ii) 120,000,000 6 HI J 89,000,000 (a)euromonior 19 C 10 107 6 1641 (b)euromonior 26.4% C 185,000,000 C (a) 18,800,000100,000,000 2,000,000950,000,000(b)18,800,000 950,000,0008%10%(c) (i) 136
C C 70%(ii) (iii) (a) (b) Euromonitor 9.2% Euromonitor 137
5% 3,500 242,000,000 7 6 242,000,000 7 138
178,600,00073.8% 52 3149 6756.1%89.4% 14.1% (i)(ii) 18 63.4% 17 41 82 139
47,200,000 14,800,000 140
5% 10%2.5%5% 141
7,100,000 9,600,00022,400,000 10% Euromonitor 303,200,000 5% 2 (i) (ii) 142
(a) (b) 143
12 21 45 4,800,000 600,000 6,800,000 4,000 10.67.26.4 41%45% 58% 100%100% 59% 144
(i)(ii) 145
(i)(ii) (iii) (iv) 217 60 45 % % % 22,055 42.8 15,037 26.0 109,680 80.3 19,912 38.7 32,152 55.7 14,652 10.8 4,940 9.6 2,276 3.9 7,258 5.3 4,605 8.9 8,288 14.4 4,955 3.6 51,512 100.0 57,753 100.0 136,545 100.0 146
17.3%29.5% 28.4% 60.5%71.3% 72.7% 147
% 1 A 4 30 8,929.7 17.3 2 A 5 45 7,713.6 15.0 3 B 2 30 6,568.3 12.8 4 C 2 30 4,783.9 9.3 5 D 3 60 3,165.6 6.1 31,161.1 60.5 20,351.7 39.5 51,512.8 100.0 148
% 1 1 3 21 17,053.6 29.5 2 B 2 30 15,160.7 26.2 3 E2 2 30 4,774.3 8.3 4 F 4 30 2,746.0 4.8 5 3 3 30 1,433.2 2.5 41,167.8 71.3 16,585.2 28.7 57,753.0 100.0 1. 2. E 3. 50% 149
% 1 1 4 45 38,809.7 28.4 2 1 2 45 45 35,383.1 25.9 3 E2 1 45 30 9,880.2 7.2 4 H 1 30 7,829.6 5.7 5 I 1 30 7,549.2 5.5 99,451.8 72.7 37,092.7 27.3 136,544.5 100.0 1. 2. E 50% 5% 150
Euromonitor 9,300,000 17,100,00053,000,000 % % % 27,745 33.0 138,450 99.3 70,328 33.5 91 0.2 17,054 29.5 381 0.3 397 0.3 39,007 18.6 151
% % % 13,844 10.1 4,180 5.0 80 0.1 82,228 39.1 1,456 2.8 38,810 28.4 A 52,022 62.0 A 7,714 15.0 152
22,100,000 15,000,000 109,700,000 400,00039,000,000 0.3% 18.6% 21,500,000 15.8% 153
(i) (ii)(iii) (iv) 45 154
10%2.5%5% 12 155
8,500,0007,700,00011,600,000 16,900,000 (i) 156
(ii) (iii) 157
(iv) (v) 158
(vi) 3.4 4.0 8.1 4.0 3.4 4.0 1.0 4.0 2.5 4.0 1.0 4.0 6.7 4.0 5.2 4.0 4,900,0002,300,000 7,300,000 159
50% 4,000,000 1,100,000200,000 3,600,000 1,100,0003,000,000 2,000,000 160
1 14 8,561 10,133 13 34 8,486 17,802 35 5 523 3,585 5 27 9,582 80 17,570 41,102 5.2 47,200,000 161
4.5% 4.8% 3.8% 5.0% 3,200,000 6,200,000 8,600,000 32.7%42.1% 39.6% (a) 162
(b) (c) 70 10 ISO 9001:2008 ISO 9001:2008 163
(i)(ii)(iii) (i)(ii) (iii) 164
OHSAS 18001:2007BSI 165
166
14 7 509 24 167
1,000 1,000 1 2 1,000 40.8 0 1,000 0.277 0 1,000 41.9 0 1,000 0.242 0 1,000 39.1 6.37 1,000 0.2 0 1. 16 2. 1,000 168
59509 169
(i)(ii) OHSAS 180012007 ISO ISO OHSAS180012007 170
ISO OHSAS 180012007 (i)(ii) (iii) 59AF ISO 14001:2004 ISO 14001 16,500 2,7505,830 171
(i) 40 100,000,000 24 200,000,000 (ii) (a) (b) 172
(iii) (a) 100,000,000(b) 100,000,000(c) 12,700,000 173
61,000 208,000407,000 98 3 3 3 6 3 3 5 5 5 7 5 5 1 1 1 1 7 8 8 8 59 55 40 73 78 77 62 98 77 62 55 40 1 2 1 98 4073 174
(i)2 (ii) (i)12,300,000 1 (ii)62,000,000 2 14,800,000 18.7%371 1 2 17 175
600,000 1,500,000900,000 38A (i)(ii) A. 176
Euromonitor 179 391 26.4% 2.18% Euromonitor 7.2% 177
18-24 912B17 1,583 24,000 www.cherishholdings.com (b) 2. (i) (ii) 178
(i)310 (ii) C. 1 1 179
47 D. (i) (ii) (iii) (iv) (v) 180
(vi) ISOOHSAS ISO BSI 14001:2004 ISO BSI 9001:2008 OHSAS BSI 18001:2007 181
34 5256A (ST/2005/02) (i) (ii) (i) (ii) (i)(ii) 182
84 347 (E)1. 183
40(2) 40(1) 40(1) 100,000 100,000 15(1A) 50,000 184
52(4) 56E) 10,000 80(3) 6 1,650,000 (i) (ii) 56E 56B 56B 56E 56F 56E 56F 52(4) 185
52(5) 10,000 80(3) 6 56F 1,700,000 56F 56B 56B 56E 56F 56E 56F 52(5) 186
(i) (ii) (iii) 8.04 8.04 (E)1. (i) (ii) (iii) (iv) 187
1. (i) (ii) 2. 56E56F 56E 56F 56E 56F 56E 56F 56E 56F (i) 52(4)52(5) 56E56F 188
(ii) (iii) (iv) (v) (vi) (vii) (viii) 52(4)52(5) 56E56F 56B 56E56F 3.08 3.09 189
Committee of Sponsoring Organization of the Treadway Commission (i) (ii) (iii) (iv) 190
(v) (vi) (vii) (viii) (ix) (x) 191
(xi) 192
193
Waterfront Palm 30% Waterfront Palm 50%40%10% Waterfront PalmWaterfront Palm Waterfront Palm 8.10 (i) (ii)50%50% 19 22 23 24 2 303,200,000 194
5% (i)175,900,000 ii127,300,000 10% 12,730,000 10% (i)(ii) 1,300,000 10% 76,000 Euromonitor 195
50% 50% 4,000,000 1,100,000200,000 196
3,600,000 6,700,000 6,000,0003,100,000 500,000 200,0008,771 (i) (ii) 29 (i) (ii) 8.10 8.10 197
Waterfront Palm 30 30 (i) 30% 198
(ii) (i) (ii) (iii) 3 (iv) (v) (vi) (i) (ii) 199
61 39 56 43 59 43 200
34 29 31 61 Honestly LuckTall Too 40 201
291AA 291 291 23,475.7 514,000 417,000 6 30A 202
(i)(ii) (iii) 39 Honestly LuckTall Too 9 Maeda-Barbican- Hsin Chong Joint Venture Penta-Ocean Construction Co., Ltd. 203
56 Honestly LuckTall Too 43 Mayer Brown JSM JSMJohnson Stokes & Master Pang & Co. 59 204
Land Watch 205
43 19 1026 206
(i) (ii) (iii) 13.51(2)(h) (v) 34 42 29 207
31 1499 42 15 2086 3.21 208
3.25 209
800,0001,100,0002,500,000 2,900,0004,400,0004,800,000 3,200,000 (D) 10% 210
3A.19 (a) (b) (c) (d) 13.10 211
XV23 1 Waterfront Palm 2 555,000,000 (L) 75% 555,000,000 (L) 75% 3 4 555,000,000 (L) 75% 1. L 2. Waterfront Palm 50%40% 10% 3. Waterfront Palm 40% Waterfront Palm 555,000,000 4. Waterfront Palm 50% Waterfront Palm 555,000,000 Waterfront Palm555,000,000 75%Waterfront Palm 212
XV2 3 10% 213
2,000,000,000 20,000,000 10,000 100 599,990,000 5,999,900 140,000,000 1,400,000 740,000,000 7,400,000 25%185,000,000 25% 5,999,900 Waterfront Palm599,990,000 214
(a) 20% (b) (a) (b) (c) (A) 3. 215
10% (A) 6. (a) (b) (c) (A) 3.(A) 6. (D) 216
217
(a) (b) (c) (d) 218
100%100% 96.2%33.0%99.3% 33.5% 219
5% 10%2.5% 5% 41%45% 58% 100%100% 59% 220
22 3 Waterfront Palm Limited Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 18-24 917 3 5 221
3 3 3 4 4 83,947 139,367 210,046 (69,014) (104,131) (167,546) 14,933 35,236 42,500 59 515 (3,308) (4,163) (8,041) (179) (389) (375) 11,446 30,743 34,599 (1,793) (5,072) (6,175) 9,653 25,671 28,424 222
% % % 83,947 100.0% 139,367 100.0% 204,633 97.4% 0.0% 0.0% 5,413 2.6% 83,947 100.0% 139,367 100.0% 210,046 100.0% 223
95.0%99.3% 73.8% % % % 79,767 95.0% 138,450 99.3% 155,010 73.8% 4,180 5.0% 917 0.7% 55,036 26.2% 83,947 100.0% 139,367 100.0% 210,046 100.0% 3 5 9 1 3 6 4 8 15 224
4 8 15 83,900,000139,400,000210,000,000 100,000,000 1 50,000,000100,000,000 1 2 10,000,00050,000,000 1 1 1,000,00010,000,000 2 1 8 1,000,000 6 4 4 8 15 (i)(ii)(iii)(iv) (v)(vi) % % % 15,429 22.3% 40,006 38.4% 23,424 14.0% 19,912 28.8% 32,152 30.9% 14,652 8.7% 22,055 32.0% 15,037 14.4% 109,680 65.5% 4,940 7.2% 2,276 2.2% 7,258 4.3% 2,073 3.0% 6,372 6.1% 7,577 4.5% 4,605 6.7% 8,288 8.0% 4,955 3.0% 69,014 100.0% 104,131 100.0% 167,546 100.0% 225
(i)(ii) 15,000,00094,700,000 631.3% 109,700,000 21,500,000 226
(i)(ii) (iii)(iv)(v) 227
+10% (1,991) (3,215) (1,465) +5% (996) (1,608) (733) -5% 996 1,608 733-10% 1,991 3,215 1,465 +10% (2,206) (1,504) (10,968) +5% (1,103) (752) (5,484) -5% 1,103 752 5,484-10% 2,206 1,504 10,968 +10% (1,543) (4,001) (2,342) +5% (771) (2,000) (1,171) -5% 771 2,000 1,171-10% 1,543 4,001 2,342 228
% % % 14,387 18.0% 35,134 25.4% 32,557 21.0% 546 13.1% 102 11.1% 9,943 18.1% 14,933 17.8% 35,236 25.3% 42,500 20.2% % % % 14,933 17.8% 35,236 25.3% 40,065 19.6% 2,435 45.0% 14,933 17.8% 35,236 25.3% 42,500 20.2% 303,100,000 229
10,800,000500,000 14,300,000 16,184 35,327 43,249 (1,251) (91) (749) 14,933 35,236 42,500 1,300,00091,000 700,000 17.8%25.28% 20.2% 17.1%25.27% 19.3% 230
% % % 1,881 56.9% 2,450 58.8% 3,154 39.2% 660 19.9% 582 14.0% 759 9.4% 99 2.4% 269 3.4% 129 3.9% 42 1.0% 93 1.2% 2,830 35.2% 638 19.3% 990 23.8% 936 11.6% 3,308 100.0% 4,163 100.0% 8,041 100.0% (i)(ii) 231
89 152 64 90 235 308 2 3 179 389 375 16.5% 15.7%16.5% 17.8% 232
83,900,000 55,500,00066.2%139,400,000 138,500,000 27,700,00 69,000,000 35,100,000 50.9%104,100,000 15,400,000 24,600,000159.7%40,000,000 19,900,000 12,300,00061.8% 32,200,000 2,100,000 4,300,000204.8% 6,400,000 7,700,000 233
4,600,000 3,700,00080.4%8,300,000 1,100,000 3,000,000 22,100,0007,100,000 32.1%15,000,000 4,900,000 2,600,000 53.1% 2,300,000 14,900,000 20,300,000 136.2%35,200,000 17.8%25.3% 25.6% 99.3% 59,000 56,000 234
3,300,000 900,00027.3%4,200,000 600,000 200,000200,000 100.0%400,000 1,800,0003,300,000 183.3%5,100,000 11,400,000 30,700,000 15.7% 16.5% 9,700,00016,000,000164.9% 25,700,000 139,400,000 70,600,000 50.6%210,000,000 8 15 900,000 55,000,000 3 6 235
104,100,000 63,400,000 60.9% 167,500,000 15,000,00094,700,000 631.3%109,700,000 21,500,000 2,300,000 5,000,000 217.4% 7,300,000 6,400,000 1,200,00018.8%7,600,000 11,600,000 236
40,000,000 16,600,00041.5% 23,400,000 32,200,000 17,500,00054.3%14,700,000 8,300,000 3,300,00039.8%5,000,000 (i) (ii) 35,200,000 7,300,000 20.7% 42,500,000 25.3%20.2% 25.6% 59,000 500,000747.5%500,000 (i)200,000 (ii)200,000 4,200,000 3,800,00090.5%8,000,000 (i) 237
700,000(ii) 2,800,000 400,000 5,100,0001,100,000 21.6% 6,200,000 30,700,000 34,600,000 16.5% 17.8% 25,700,0002,700,000 10.5% 28,400,000 238
13,075 57,322 26,189 (12,922) (24,980) 1,058 1,627 (3,997) (6,109) 1,780 28,345 21,138 957 2,737 31,082 2,737 31,082 52,220 13,100,000(i)11,400,000 3,500,000 200,000 (ii) 239
7,800,000 (iii)1,000,000(iv) 1,800,000 (v)2,900,000 57,300,000(i)30,700,000 4,400,000400,000 56,0001,000 (ii) 300,000(iii)23,700,000(iv) 900,000 (v)600,000 26,200,000(i)34,600,000 7,500,000400,00024,000 3,000(ii)21,700,000 (iii) 19,100,000(iv) 20,500,000 (v)4,000,000 12,900,0009,100,000 3,900,000 25,000,0003,900,000 21,200,000 1,100,00010,400,000 900,00010,200,000 240
1,600,0003,800,000 1,300,000700,000200,000 4,000,0001,500,000 2,100,000 400,000 6,100,0001,600,000 4,200,000 400,000 12 241
439 763 19,822 27,704 11,974 10,960 32,687 38,109 9,254 30,483 93 2,737 31,124 52,220 36,562 24,404 73,330 104,822 102,375 1,804 25,476 29,508 30,266 11,894 11,336 31,796 38,031 961 57 42 3,347 1,828 248 1,029 2,629 3,391 3,488 1,242 5,762 10,777 12,091 20,277 47,130 75,720 83,876 4,127 26,200 29,102 18,499 4,100,000 26,200,000 (i) 2,700,000 31,100,000(ii) 242
9,300,000 30,500,000 (i) 1,800,00025,500,000(ii) 1,200,000 5,800,000 29,100,000 (i) 31,100,000 52,200,000 (ii)800,000 19,800,000 (iii) 11,000,000 32,700,000 (i)30,500,000 93,000 (ii) 25,500,000 29,500,000(iii) 11,300,000 31,800,000 (iv) 5,800,000 10,800,000 18,500,000 10,600,00036.4% 52,200,000 36,600,000 10,000,000 14,700,00021,900,000 8,500,0007,700,000 11,600,000 243
191,182 134,740 347,546 (192,547) (159,453) (357,232) (1,365) (24,713) (9,686) 439 763 19,822 (1,804) (25,476) (29,508) (1,365) (24,713) (9,686) 1,400,000 23,300,00024,700,000 24,700,000 15,000,0009,700,000 244
4,849 646 6,770 7,095 9,589 22,446 783 30 725 2,688 11,974 10,960 32,687 5% 10% 2.5% 5%50% 50% 4,800,000 600,000 6,800,000 245
21 45 10.6 7.2 6.4 365 10.67.2 6.4 17 030 4,849 646 6,401 3160 365 61120 4 4,849 646 6,770 246
61120 4 4,800,000600,000 6,800,000 100.0%100.0% 99.9% 7,100,0009,600,00022,400,000 43.7% 12,600,000 247
30 431 13 1 114 293 2,561 30 725 2,688 9,300,000 30,500,00093,000 20,000,000 2,700,00031,100,000 52,200,000 248
7,469 6,115 18,195 1,950 2,372 6,028 2,475 2,849 7,573 11,894 11,336 31,796 (i) (ii) (i) (ii) 7,500,000 6,100,000 1,300,000 6,100,000 18,200,000 36.1 23.8 26.5 365 36.123.8 26.5 30 60 30 45 249
030 5,785 1,711 12,317 3160 752 1,983 5,269 6190 524 164 290 91365 408 397 319 1,860 7,469 6,115 18,195 10% 5% 2,000,000 2,400,0006,000,000 2,000,0002,400,000 6,000,000100.0%100.0% 100.0% 250
229 126 5,018 2,246 2,723 2,555 2,475 2,849 7,573 1,000,00057,000 1,200,0005,800,00010,800,000 251
42 3,347 1,828 248 1,029 2,629 3,391 3,488 2,472 3,053 3,547 2,975 42,000 15.25% 1,519 1,580 248 1,828 248 3,347 1,828 248 3,300,0001,800,000 200,000 252
5.70% 11.08%5.70% 5.70% 253
3,500,000 5,700,000 6,900,000 6,500,000 1,147 2,808 3,625 3,701 941 2,017 2,692 2,410 1,680 1,145 969 657 3,768 5,970 7,286 6,768 (267) (288) (348) (305) 3,501 5,682 6,938 6,463 1,029 2,629 3,391 3,488 862 1,933 2,593 2,329 1,610 1,120 954 646 3,501 5,682 6,938 6,463 4.5% 4.8% 3.8% 5.0% 3.8% 5.0% 254
8,485 7,678 11,629 4,333 1,470 3,857 166 1 80 79 12,984 9,149 15,645 255
18 288 48 18 336 1 1.2 1.6 1.4 2 61.7% 20.4% 15.9% 3 37.0% 4 64.9 80.0 93.3 5 28.1% 29.2% 22.4% 6 86.9% 69.8% 62.9% 7 11.5% 18.4% 13.5% 1. 256
2. 3. 4. 5. 100% 6. 100% 7. 100% 1.21.6 1.4 61.7%20.4% 15.9% (i)(ii) 37.0% 64.980.093.3 257
28.1%29.2% 22.4% 86.9%69.8% 62.9% 11.5% 18.4% 13.5% 2,800,000 A 6 258
1 2 3 0.70 45,202 82,920 128,122 0.17 1. 2. 140,000,0000.70 3. 2 740,000,000 259
4. 5. 19,000,000 19,000,000 0.15 24,700,000 18,700,0006,000,00018,700,000 6,100,000 12,600,000 2,800,000 9,800,000 0.70 185,000,000 20,000,000 19,000,00019,000,000 260
13.13 13.19 13.13 13.19 (i) (ii) (iii) 261
79,300,000 47,200,00059.5% (i) (ii) 3.4 4.0 8.1 4.0 3.4 4.0 1.0 4.0 2.5 4.0 1.0 4.0 6.7 4.0 5.2 4.0 262
20 17 2,500,0001,300,0002,000,000 500,0002,000,000400,0002,000,000 1 2 3 1 2 3 4 5 4 5 1 1 1 1 4 1 3 1 6 11 1 1 1 1 4 1 1 2 12 5 3 20 1 1 2 43 263
21,600,0006,800,00018,800,000 1. 1 12,300,000 111 2. 2 62,000,000 1 3 111 3. 3 14,800,0001 1 1 4. 12 5 17 5. i 1 1 ii 613 1 264
14,800,000 18.7% 37 1 2 1 2 3 4 3 1 1 1 1 1 1 1 1 1 1 1 1 1 3 3 4 8 15 2 4 8 14 37 5,700,0002,900,0006,200,000 1. 1 12,300,000 132 2. 2 62,000,0001 4 4 3. (i)11 1 (ii)11 265
4. 188 10,000,00012.6% 7,300,000 9.2% 25,500,000 (a) (b) 266
523149 67 56.1%89.4% 14.1% i ii18 63.4% 17 41 82 1311 6131 17 1 8 8 10% 267
10% Euromonitor 15.9% (i) (ii) 268
500,0001,400,000 1,000,000 / 269
270
1. (a) 271
(b) (c) (d) (e) (f) 2. (a) 272
(b) (c) (d) (e) (f) (g) (h) (a) (b) (c) 273
(a) (b) 10.08 10.08(1) (5) 10.07(1) (a) (b) (a) (a) 274
12 (a) 10.07(2) 2 155 (b) (i) (ii) 275
(i) (ii) (iii) (i) (ii) (iv) (i)(ii) (iii) 276
(i) (ii) 277
30 27,750,000 15% 2.5% 24,700,0000.70 3A.07 278
(a) 18,500,000 (b) 166,500,000 121,500,00045,000,000 18,500,000 10% 2.5% 279
(i) 5,000,000 (ii) 5,000,000 50% 184.2 (i) 15 50 (ii) 50100(iii) 100 280
55,500,000(i)74,000,000 (ii) 92,500,000(iii) 30%40% 50% 166,500,000 90% 22.5% 281
30 27,750,000 15% Waterfront Palm 27,750,000 10.07(1)(a) 10.07(3) Waterfront Palm Waterfront Palm (i)(ii) (iii) Waterfront Palm Waterfront Palm 282
30 27,750,000 15% (i) (ii) (iii) (i) (ii)(iv) (v) (vi) (ii)(iii)(iv) (v) 30 283
27,750,000 Waterfront Palm27,750,000 0.70 0.70 1% 0.0027% 0.005% 5,0003,535.27 (www.hkexnews.hk) (www.cherishholdings.com) 284
30 14. 155 285
5,000 2113 286
1. 2. 18 S 287
3. (i) 183 11 1113A 1115 181 2701 (ii) 181 2701 288
(iii) 13 131-133 25 23-29 1 1209 L22103 8 1 9. 289
4. (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) 290
(x) (xi) (xii) (i) (ii) S S 902(h) (3) (xiii) (xiv) (xv) (xvi) (xvii) (xviii) (xix) (i) 291
(ii) 5. (852) 2979 7888 (https://ip.ccass.com) 8 1 292
(i) (ii) 293
40 294
5,000 295
5,000 (1) (1) (1) (1) (1) 24 9. 40 40 342E 296
6. (i)(ii) 9. 7. 297
8. 5,000 5,000 298
9. 10. www.cherishholdings.comwww.hkexnews.hk www.cherishholdings.comwww.hkexnews.hk 24 www.tricor.com.hk/ipo/result 3691-8488 299
11. (i) 40 342E 300
(ii) (iii) (iv) 50% 301
12. 13. 302
(i) 1,000,000 183 22 1,000,000 (ii) 1,000,000 1,000,000 303
10. (iii) 10. 304
14. 305
306
22 3 I-1
10 100% Honestly Luck LimitedHonestly Luck 1 100% Tall Too LimitedTall Too 1 100% Honestly Luck Tall Too Honestly LuckTall Too A 3 I-2
3.340 A 1 A 1 A. 7 83,947 139,367 210,046 (69,014) (104,131) (167,546) 14,933 35,236 42,500 8 59 515 (3,308) (4,163) (8,041) 9 (179) (389) (375) 11,446 30,743 34,599 10 (1,793) (5,072) (6,175) 11 9,653 25,671 28,424 I-3
* 16 10,003 14,734 21,910 17 439 763 19,822 18 11,974 10,960 32,687 19 9,254 30,483 93 20 2,737 31,124 52,220 24,404 73,330 104,822 17 1,804 25,476 29,508 21 11,894 11,336 31,796 22 961 57 23 42 23 3,347 1,828 248 24 1,029 2,629 3,391 1,242 5,762 10,777 20,277 47,130 75,720 4,127 26,200 29,102 14,130 40,934 51,012 24 2,472 3,053 3,547 25 551 1,103 2,263 3,023 4,156 5,810 11,107 36,778 45,202 26 11,107 36,778 45,202 11,107 36,778 45,202 * 1,000 I-4
1,454 1,454 9,653 9,653 11,107 11,107 25,671 25,671 36,778 36,778 28,424 28,424 14 (20,000) (20,000) 45,202 45,202 I-5
11,446 30,743 34,599 (1) (3) 179 389 375 (56) 24 3,466 4,363 7,545 15,091 35,438 42,540 35 (324) (19,059) 1,804 23,672 4,032 (7,764) 8 (21,727) 961 (904) (57) 2,948 (568) 20,460 13,075 57,322 26,189 (9,069) (3,863) (10,235) 111 900 1 3 (3,853) (21,229) 10,390 (12,922) (24,980) 1,058 (1,293) (1,519) (1,580) 3,800 (179) (379) (375) (701) (2,099) (4,154) 1,627 (3,997) (6,109) I-6
1,780 28,345 21,138 957 2,737 31,082 2,737 31,082 52,220 2,737 31,124 52,220 (42) 2,737 31,082 52,220 I-7
1. 223 Waterfront Palm Limited Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 18-24 917 3 5 2. 622 9 622 9 I-8
9 3 15 3 16 4 1 1 1 7 2 12 2 16 1 38 16 1 41 27 1 10 28 5 10 1 12 28 11 1 15 15 3 2 3 1 2 3 4 5 9 9 9 9 9 9 9 9 39 I-9
9 9 39 39 9 9 9 39 39 39 9 9 9 39 9 I-10
15 15 15 i) ii) iii) iv) v) 15 15 18 11 15 15 1515 15 15 16 16 12 16 I-11
16 17 16 17 16 16 15 16 12 336,000 1638 16 16 38 i. ii. 16 38 1638 1 (i) (ii) I-12
(i) (ii) 1 3. (i)(ii) (iii) I-13
I-14
I-15
I-16
I-17
I-18
4. 3 I-19
10,003,000 14,734,000 21,910,000 11,944,00010,235,000 29,216,000 9,254,00030,483,00093,000 5. 2324 20 I-20
6. 23,935 72,136 81,686 19,703 18,945 33,964 41%45% 58% 100%100% 59% 100%100% 100% 2324 2023 24 I-21
50 50 14,000 13,000 128,000 I-22
11,894 11,894 11,894 961 961 961 3,347 3,347 3,347 1,147 941 1,680 3,768 3,501 17,349 941 1,680 19,970 19,703 11,336 11,336 11,336 57 57 57 1,828 1,828 1,828 42 42 42 2,808 2,017 1,145 5,970 5,682 16,071 2,017 1,145 19,233 18,945 26,778 26,778 26,778 248 248 248 3,625 2,692 969 7,286 6,938 30,651 2,692 969 34,312 33,964 3,347,0001,828,000248,000 3,566,0001,894,000 250,000 I-23
7. 8 10% A 52,022 * * 27,745 138,450 70,328 C * * 82,227 D * * 39,007 * 10% I-24
8. 1 3 56 206 2 306 59 515 9. 89 154 67 90 235 308 179 389 375 10. 1,242 4,520 5,015 25 551 552 1,160 1,793 5,072 6,175 16.5% I-25
11,446 30,743 34,599 1,889 5,073 5,709 12 20 489 (1) (3) (98) (10) (20) (20) 1,793 5,072 6,175 75%10,00020,000 20,000 11. 15,897 39,648 23,042 251 250 617 1,496 817 12 16,514 41,395 24,109 70 98 97 24 3,466 4,363 7,545 (1,264) 2,051 126 2,202 6,414 7,671 99 269 2,830 I-26
12. 780 15 795 780 15 795 840 18 858 200 3 203 1,040 21 1,061 I-27
226 4 230 922 18 940 1,282 18 1,300 2,430 40 2,470 13. 12 2,061 3,280 2,231 60 68 54 2,121 3,348 2,285 1,000,000 I-28
14. 20,000 20,000,000 19,000,000 15. 1 I-29
16. 9,582 375 599 10,556 8,485 166 4,333 12,984 18,067 541 4,932 23,540 7,678 1 1,470 9,149 (95) (95) 25,745 542 6,307 32,594 11,629 80 3,857 79 15,645 (965) (965) 37,374 622 9,199 79 47,274 9,582 288 201 10,071 2,121 129 1,216 3,466 11,703 417 1,417 13,537 2,978 42 1,343 4,363 (40) (40) 14,681 459 2,720 17,860 5,779 57 1,673 36 7,545 (41) (41) 20,460 516 4,352 36 25,364 6,364 124 3,515 10,003 11,064 83 3,587 14,734 16,914 106 4,847 43 21,910 I-30
25% 25% 25% 2,734 6,852 3,235 3,433 1,763 3,235 6,167 8,615 17. 191,182 134,740 347,546 (192,547) (159,453) (357,232) (1,365) (24,713) (9,686) 439 763 19,822 (1,804) (25,476) (29,508) (1,365) (24,713) (9,686) (i) 478,000 11,163,000 478,00011,163,000 (ii) 5,178,000 11,362,000 10,803,000 I-31
5,178,00011,362,000 10,803,000 18. 4,849 646 6,770 7,095 9,589 22,446 783 30 725 2,688 11,974 10,960 32,687 0 30 4,849 646 6,401 31 60 365 61 120 4 4,849 646 6,770 4,000 61 120 4 I-32
19. 9,254 26,452 29 4,031 64 9,254 30,483 93 20. 0.01% 21. 7,469 6,115 18,195 1,950 2,372 6,028 2,475 2,849 7,573 11,894 11,336 31,796 30 60 0 30 5,785 1,711 12,317 31 60 752 1,983 5,269 61 90 524 164 290 91 365 408 397 319 1 1,860 7,469 6,115 18,195 I-33
22. 961 57 23. 3,347 1,828 248 42 3,347 1,870 248 1,519 1,580 248 1,580 248 248 3,347 1,828 248 (1,828) (248) (1,519) (1,580) (248) 5.70%11.08%5.70% 5.70% 5.74%5.70% 5.70% I-34
24. 15.25% 1,029 2,629 3,391 2,472 3,053 3,547 3,501 5,682 6,938 4.5% 4.8%3.8% 5.0% 1,147 2,808 3,625 1,029 2,629 3,391 941 2,017 2,692 862 1,933 2,593 1,680 1,145 969 1,610 1,120 954 3,768 5,970 7,286 3,501 5,682 6,938 (267) (288) (348) 3,501 5,682 6,938 (1,029) (2,629) (3,391) 2,472 3,053 3,547 16 I-35
25. 10 551 551 10 552 1,103 10 1,160 2,263 592,000 26. Honestly LuckTall Too 380,000 38,000,000 0.01 27. 5% 1,250 1,500 632,000 1,517,000857,000 I-36
28. 18 288 48 18 336 29. (a) 3,966 1,055 184 3,600 900 i 99 18 i. (b) 2,841 4,320 4,661 75 89 94 2,916 4,409 4,755 I-37
(c) 166,706,000 295,081,000295,081,000 30. 12,827 (853) 11,974 (7,095) 4,879 11,023 (63) 10,960 (9,883) 1,077 32,687 32,687 (25,385) 7,302 I-38
(12,747) 853 (11,894) 11,894 (11,399) 63 (11,336) 11,336 (31,796) (31,796) 26,778 (5,018) 31. (a) (b) (c) 3,915,000 4,280,0005,410,000 1,006,000 20,000,000 I-39
B. (a) (b) 19,000,000 (c) (D) (d) C. P05591 I-40
II-1
4 297 7 1 4 29(7) 3420 429 7 II-2
(a) (b) II-3
(c) 4 29(1) 18-24 917 P05591 II-4
4.29 1 2 3 0.70 45,202 82,920 128,122 0.17 1. II-5
2. 140,000,0000.70 3. 2 740,000,000 4. 5. 19,000,000 19,000,000 0.15 II-6
22 1. (a) 27(2) (b) 2. (a) (i) III-1
(ii) (iii) (iv) III-2
(v) (vi) III-3
(aa) (bb) (cc) (dd) (ee) (vii) III-4
(viii) III-5
(aa) (bb) (cc) (6) (dd) (ee) (ff) III-6
(ix) (x) (xi) (60) (b) III-7
(c) (i) (ii) (iii) (iv) (v) (d) III-8
(e) 2(i) (15) (f) III-9
(g) (15) (18) (h) III-10
(21) (i) (21)(20) (14)(10) (i) III-11
(ii) (95%) (aa) (bb) (cc) (dd) (ee) (ff) (20%) (gg) (j) III-12
(30) (k) III-13
(l) (m) (i) (ii) (a) (b) III-14
(n) (o) (20) III-15
(14) (20) (p) (2) 2.50 1.00 (q) III-16
(r) 3(f) (s) (i) (ii) III-17
(t) (i) 12(ii)12 (iii) (3) (u) III-18
3. (a) (b) (a) (b)(c) 37(d)(e) III-19
(c) (d) III-20
(e) 34 34 2(m) (f) (a) (b)(c) III-21
(a)(b) (c) (d) (g) (h) (i)(ii) (iii) (i) III-22
(j) 6 (1) (2) (k) (l) (m) III-23
(n) III-24
(28) (21) (o) (75%) (p) (4) (90%) (4)(2) (1) III-25
(q) 4. Conyers Dill & Pearman III-26
(A) 1. 16 18-24 917 8 8 5 37 D 2. (a) 380,00038,000,000 0.01 Waterfront Palm (b) 1,962,000,000 380,000 20,000,000 (c) Waterfront PalmHonestly Luck (i)waterfront Palm (ii)9,999 Waterfront Palm (d) 740,000,000 1,260,000,000 (e) (A)3. IV-1
(f) 3. (a) (b) 30 (i) (ii) 5,999,900 599,990,000 Waterfront Palm (iii) (D) IV-2
(c) 20% (i) (ii) (iii) (d) 10% (i) (ii) (iii) IV-3
(e) (c) (d) 10% 4. 5. (A)4. 6. (a) (i) IV-4
10% (ii) (iii) (b) IV-5
(c) 740,000,000 74,000,000 (d) (e) 26 25% IV-6
(B) 1. (a) Honestly Luck 5Honestly Luck Honestly LuckWaterfront Palm50Honestly Luck1.00 (b) Honestly Luck(a) 5 (c) Honestly Luck 4Honestly Luck Honestly LuckWaterfront Palm40Honestly Luck1.00 (d) Honestly Luck(c) 4 (e) Honestly Luck 1Honestly Luck Honestly LuckWaterfront Palm 9 Honestly Luck1.00 (f) Honestly Luck(e) 1 IV-7
(g) Waterfront Palm Waterfront Palm 100 1.00 Honestly LuckHonestly LuckWaterfront Palm 9,999Waterfront Palm (h) Waterfront Palm(g) Honestly Luck 100 (i) Waterfront Palm (j) Waterfront Palm (E)1. (k) (l) 2. Tall Too www.cherishholdings.com IV-8
(C) 1. XV XV7 8 352 (i) 1 555,000,000 75% 2 555,000,000 75% 1. Waterfront Palm 40% Waterfront Palm 555,000,000 2. Waterfront Palm 50% Waterfront Palm 555,000,000 Waterfront IV-9
Palm555,000,000 75% Waterfront Palm (ii) Waterfront Palm 4 50% Waterfront Palm 5 50% Waterfront Palm 1 10% Waterfront Palm50% 40% 10%Waterfront Palm 75% Waterfront Palm XV23 10% Waterfront Palm 555,000,000 75% 2. IV-10
3. 800,0001,100,000 2,500,000 (a) 3,200,000 (b) 1,440,000 1,440,000 1,440,000 100,000 150,000 100,000 (c) 4. 7. 5. 29 IV-11
6. (a) (b) 7. (c) 7. (d) XV23 10% (e) XV78 352 IV-12
(f) 5% (D) (a) (b) (i) (ii) IV-13
(iii) (iii) (i) (ii) (iii) (iv) 1 (v) (aa) (bb) (cc) 10% 74,000,000 74,000,000 IV-14
(bb) 10% 10%10% (cc) 10% 10% (dd) 30% 30% (vi) 12 1% IV-15
(vii) (aa) (bb) 12 (i) 0.1% (ii) 5 (viii) (aa) (i) IV-16
(ii) (bb) (aa) (i) 60 (ii) 30 (ix) 10 (x) (xi) IV-17
(xii) (xiii) (xiv 12 12(xvii)(xviii) (xix) (xiv) (xv) (xiv) IV-18
(xvi) (xvii) (xviii) IV-19
(xix) (xx) (aa) (ix) (bb) (xii) IV-20
(cc) (xiii)(xv)(xvii)(xviii) (xix) (dd) (xviii) (ee) (ff) (gg) (xix) (xxi) (xxii) (xxiii) (aa) 17.03 (bb) IV-21
(cc) (xxiv) (xxv) (c) 74,000,000 (E) 1. Waterfront Palm (B)1. (a) IV-22
(b) (i) (ii) (c) (i) (ii) (iii) (a) (b) (c) IV-23
2. 3. 3A.07 6,000,000 4. 62,382 5. IV-24
6. Conyers Dill & Pearman Euromonitor International Limited 6 7. Conyers Dill & Pearman Euromonitor International Limited 8. 44A44B 9. (a) IV-25
(b) (c) 10. 11. Waterfront Palm P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, the BVIWaterfront Palm 50%40% 10% Waterfront PalmWaterfront Palm 45,000,000 12. (a) (i) (ii) IV-26
(iii) (iv) (b) (c) 7. (d) (e) 12 (f) (g) (h) (i) IV-27
13. 32L4 IV-28
(a)(b) (E)7.(c) (B)1. (d) 14 5629 (a) (b) (c) (d) (e) Conyers Dill & Pearman (f) (B)1. (g) (h) (E)7. (i) (j) (k) Euromonitor (l) V-1
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