®Ñ¥U4.indb

: 1098 07

2 4 6 8 10 13 23 29 30 34 51 57 60 137 139 144

2007 2006 2005 2004 2003 1,282 1,187 1,187 993 815 2,408 506 767 885 864 687 614 2,598 555 66 2,408 552 78 48 119 1,209 786 388 357 334 851 705 428 369 323 1.16 1.16 0.73 0.63 0.56 0.52 0.48* 0.43 0.34 0.25 2,091 1,137 421 1,569 488 21,428 10,962 7,341 7,004 5,855 12,804 4,184 2,074 1,990 1,081 8,472 6,778 5,231 4,968 4,729 11.5 9.8 8.9 8.5 8.1 (%) 79 46 37 38 21 16.4 9.9 7.1 6.9 8.6 6.1 2.9 1.6 0.2 * 02

03

04

307 309 307 307 206 324 108 108 311103 343 05

7.05 21%8.51 0.280.240.52 5.0624.08 610 06

07

8.51 1.16 1.3 23 11% 16% 7.67 24% 67% 65% 307 307 25% 60%35% 08

5.06 24.08 444,000 49% 88.5% 09

10 T19 T16 T5 T12 T17 T18 T11 T10 T9 T15 T13 T1 P10 P20 P23 P19 P18 P16 P13 P25 P26 T4 P17 P9 P7 P1 P4 P11 P22 P5 P6 P12 P14

P1. P2. P3. P4. P5. P6. P7. P8. P9. P10. P11. P12. P13. P14. P15. P16. P17. P18. P19. P20. P21. P22. P23. P24. P25. P26. T P 11

12

% % T1. 20,528 +19 386 +39 T2. 28,697 +28 471 +15 T3. 12,933 +5 53 +11 T4. 10,544-21 69-30 T5. 7,416 +9 15 +8 T6. 16,440-4 78 +26 T7. 37,282 +6 210 +12 T8. 12,126 +18 31 +16 T9. 7,789 +17 15 +8 T10. 88,377 +49 420 +27 T11. 18,494 +6 61 +5 T12. 28,458-21 290 +19 22,552 +25 273 +24 5,906-67 16-27 T13. 14,875-25 27-32 T14. 9,803 +20 20-17 T15. 8,382-5 31-11 T16. 6,818-11 39-9 T17. T18. 17,488 +24 42 +12 T19. 11,043 +10 66 +20 13

13%13,864 20,003 38%2,853 7,346 14% 30% 159 110 8.2 6.2 2,205 14

26% 11% 25% 60% 12% 9,145 14% 25% 1,119 15% 683 18% 8.54 7% 548 4% 12 128362 1,765 19% 5,696 1,200 14% 31% 89% 25 15

15% 5.4 1,893 15% 25,560 33,689 3,497 2,037 27% 82203 3,608 312 30,67415% 32,713 6,341 20%18% 2,648 22% 3,693 1,044278 5,853 3,520 16% 1,411 22% 907 16

27% 5% 5,886 15% 12,408 92.8 39% 1,800 12% 14% 15,581 128.1 30.7% 69% 66% 31 4,556 100 142.6 10% 20% 17

18

290 610 428,000 * 155,000 149,000 6,000 107,000 106,000 1,000 58,000 58,000 52,000 47,000 5,000 56,000 56,000 * 187,000 4,800 88,000 10,100 70,000 4,100 47,000 14,100 52,000 5,600 * 610 19

* 2007 872007 6 30 73,000 150 211,000 7,000 20

285,000 38,000 410,000 13,000 226,000 7,000 56,000 6,00034,000 28,000 53,000 6,000 860,000 15074,000 140 150 21

487,000 835,000 9,000 829,000 127,000 386,000 16,000 67,000120,000 49% 88.5% (i)(ii)(iii) 22

Sunco Real Estate Sunco Real Estate Sunco Real Estate 6 2.5 23

2,408 544 666 168 174 421 102 (92) (21) (371) (147) 577 587 8 (77) 1,209 786 (343) (84) 866 702 (15) 3 851 705 5.4424.08 6.6630% 28% 24

5,170 5,073 1,398 119 6,568 5,192 10,379 2,897 1,393 459 3,088 2,414 14,860 5,770 (4,128) (383) (2,492) (2,236) (6,620) (2,619) (6,184) (1,565) 8,624 6,778 25

25% 60% 21 22 290610 3.5 84.7267.78 12.24,500 11.59.8 214.28 109.62 20.91 11.37 90% 7%3% 1 1.5 26

(a) 1.7 2.2 (b) 21.5 (c) 1 46% 79% 16.49.9 67.2431.41 609 1,582 602 4,008 1,559 1,505 6,724 3,141 6.25 2 7.625 2 27

2.2 13.57 2.2 2.2 90%10% 612 22% 74754422% 422 38,505,000 36,241,000 437,145,000 28

31.023 1,467 1.35 19,500,000 29

60 25 45 2000 7 20 52 1995 18 55 30 49 2002 7 30

59 2004 2 72 1996 SWK 1981 SWK 30 59 1996 53 2004 12 1983 EMBA 60 2004 8 31

32 30 36 14 52 28 53 29 19 51 26 50 26 44 24 (37

12 42 17 39 33 12 33

42 19 30% 30% 60 0.24179,908,000 0.28 2.11 34

27 28 63 1,348,042 1,348,042 215,173 383,560 1,563,215 1,731,602 (i) (ii) 35

17 29 35 136 36

87 86(2) 37

8.10 XV 352 (I) (%) 500,000 1 0.07 6,000,000 2 0.80 410,000 1 0.05 5,100,000 2 0.68 38

(%) 1,000,000 1 0.13 3,400,000 2 0.45 380,000 1 0.05 3,700,000 2 0.49 5,786,000 1 0.77 2,300,000 2 0.31 500,000 2 0.07 500,000 2 0.07 450,000 1 0.06 350,000 2 0.05 255,000 1 0.03 740,000 2 0.10 55,000 1 0.01 600,000 2 0.08 1. 2. (II) 39

(II) 28 6 1 500,000 500,000 13.90 2 2,500,000 2,500,000 14.12 3 2,500,000 1,500,000 1,000,000 14.77 4 2,500,000 2,500,000 5 2,500,000 2,500,000 2 700,000 700,000 13.58 3 2,300,000 1,800,000 500,000 13.65 4 2,300,000 2,300,000 5 2,300,000 2,300,000 2 1,300,000 1,300,000 13.13 3 1,800,000 1,800,000 14.46 4 1,800,000 1,800,000 5 1,600,000 1,600,000 2 600,000 600,000 14.22 3 1,400,000 700,000 700,000 14.44 4 1,400,000 1,400,000 5 1,600,000 1,600,000 4 1,300,000 500,000 800,000 14.60 5 1,500,000 1,500,000 4 250,000 250,000 5 250,000 250,000 4 250,000 250,000 5 250,000 250,000 2 250,000 250,000 16.30 3 250,000 250,000 16.30 4 250,000 250,000 5 100,000 100,000 1 250,000 250,000 13.82 2 250,000 110,000 140,000 15.70 3 250,000 250,000 4 250,000 250,000 5 100,000 100,000 3 250,000 250,000 4 250,000 250,000 5 100,000 100,000 25,650,000 10,300,000 12,760,000 23,190,000 40

6 1 460,000 325,000 135,000 13.16 2 490,000 100,000 390,000 14.40 3 1,470,000 1,360,000 110,000 13.12 4 8,790,000 3,025,000 35,000 5,730,000 14.89 5 9,200,000 40,000 9,160,000 11,210,000 9,200,000 4,810,000 75,000 15,525,000 36,860,000 19,500,000 17,570,000 75,000 38,715,000 1. 5.15 2. 5.70 3. 5.80 4. 11.66 5. 14.85 6. XV 352 41

336 (%) 1 11 2 285,763,428 37.97 Wai Kee Zens Holding 285,763,428 37.97 Limited3 4 66,000,000 8.77 Wai Kee China Investments BVI) 216,146,428 28.72 Company Limited4 5 216,146,428 28.72 ZWP Investments Limited6 216,146,428 28.72 7 197,914,142 26.30 42

(%) 1 11 Hover Limited8 197,914,142 26.30 9 57,654,852 7.66 57,654,852 7.66 9 Cheah Company Limited9 57,654,852 7.66 Cheah Capital Management Limited 57,654,852 7.66 9 9 57,654,852 7.66 9 57,654,852 7.66 To Hau Yin10 57,654,852 7.66 1. 2. (i) Wai Kee Zens Holding Limited Wai Kee China Investments BVI Company LimitedZWP Investments Limited Top Horizon Holdings Limited (ii) Top Tactic Holdings Limited Amazing Reward Group Limited Leader Construction Company Limited Leader Civil Engineering Corporation Limited3,617,000 3. Wai Kee Zens Holding Limited 4. Wai Kee China Investments BVI Company Limited Wai Kee Zens Holding Limited 5. Wai Kee China Investments BVI Company Limited 6. ZWP Investments Limited 43

7. Hover Limited 8. Hover Limited 9. (C H Cheah Family Trust Cheah Company Limited 100% Cheah Company Limited Cheah Capital Management Limited 100%Cheah Capital Management Limited 35.65% 100% 10. To Hau Yin 11. 752,646,566 336 44,971 44

28 J. P. Morgan Securities (Asia Pacific) Limited 45,000,000 12.20 12.76 4.4%11.87 45,000,000 534,000,000 60% 40%Value Ahead Limited 1A 1B 387,000,000 221,721,000 45

1. 13.16 (a) 422 50% (b) (c) 34.3 212.2 8% 103.9 8% (d) 2. 13.18 21.5 101% 46

3. 13.22 (a) 10,341,743 1,650,523 (1,206,683) 443,840 (1,642,558) 9,143,025 2,538,683 (1,262,735) (b) 50% 124,677 60% 80,118 60% 71,707 50% 64,705 47

35% 36,361 35% 43,253 35% 31,686 70% 61,513 20,700 70% 81,800 17,805 70% 79,223 70% 80,474 40% 54,064 40% 54,111 40% 53,907 40% 54,994 40% 54,377 40% 55,049 40% 50,550 40% 54,187 40% 54,445 40% 54,703 45% 182,778 45% 159,225 45% 109,749 43.17% 58,635 43.17% 59,832 43.17% 59,567 43.17% 61,465 43.17% 59,510 48

43.17% 47,346 50% 68,487 50% 63,286 61% 114,725 50% 68,352 50% 59,025 65% 99,693 65% 75,938 65% 60,460 45% 377,028 60% 96,657 60% 54,040 50% 120,874 60% 14,880* 31.5%** 66,316 3,433,772 38,505 * Value Ahead Limited ** 88.46% 49

4. 13 50

A.4.1 51

9/9 3/4 8/9 8/9 8/9 7/9 7/9 6/9 6/9 3/3 4/4 9/9 3/3 4/4 8/9 3/3 4/4 52

A.4.1 87 3.13 53

54

3,974,000 6,210,000 57 59 55

56

60135 90 57

223822 592,821,000 38 315,789,000 58

22,000,000 59

7 2,407,770 514,072 38,167 2,407,770 552,239 2,407,770 505,501 2,407,770 505,501 38,167 38,167 2,407,770 505,501 38,167 2,407,770 543,668 (1,741,789) (336,578) (39,395) (1,741,789) (375,973) 665,981 168,923 (1,228) 665,981 167,695 8,571 8,571 16 163,410 10,606 174,016 96,189 38,234 8 96,189 38,242 420,886 101,935 472 420,886 102,407 (91,506) (21,003) (91,506) (21,003) (371,302) (142,464) (4,483) (371,302) (146,947) 9 577,107 586,844 577,107 586,844 12,267 12,267 10 (100,670) (121,927) (2,045) (100,670) (123,972) 11 1,208,952 782,523 3,330 1,208,952 785,853 13 (342,811) (75,535) (8,595) (342,811) (84,130) 866,141 706,988 (5,265) 866,141 701,723 851,067 706,988 (1,912) 851,067 705,076 15,074 (3,353) 15,074 (3,353) 866,141 706,988 (5,265) 866,141 701,723 14 372,698 288,964 81,072 372,698 370,036 15 1.16 1.16 1.14 1.14 1.16 1.16 1.14 1.14 60

17 103,881 9,724 18 49,912 19 5,170,093 5,073,408 19 81,196 13,408 20 54,700 54,700 30 81,862 9,576 21 433,132 31,484 22 592,821 6,567,597 5,192,300 23 10,379,463 2,896,959 24 1,393,210 458,758 18 1,365 25 769,764 1,276,419 226,432 26 231,583 24,018 26 1,858,941 1,113,374 14,860,758 5,769,528 21,428,355 10,961,828 27 75,265 69,008 8,397,151 6,708,560 8,472,416 6,777,568 151,527 8,623,943 6,777,568 29 6,114,771 1,559,029 30 69,155 5,885 6,183,926 1,564,914 61

31 1,663,877 603,075 4,127,823 383,494 219,839 50,622 29 608,947 1,582,155 6,620,486 2,619,346 21,428,355 10,961,828 60 135 62

(1) (2) 59,090 1,566,947 45,254 1,260,000 3,611 2,296,376 5,231,278 35,215 5,266,493 253,353 253,353 1,713 255,066 705,076 705,076 (3,353) 701,723 253,353 705,076 958,429 (1,640) 956,789 34,408 34,408 34,408 (10,606) (10,606) 8,000 868,800 876,800 876,800 (18,369) (18,369) (18,369) 1,918 104,025 105,943 105,943 1,224 (1,224) (288,964) (288,964) (288,964) (40,885) (81,072) (121,957) (22,969) (144,926) 69,008 2,522,627 257,722 1,260,000 36,795 2,631,416 6,777,568 6,777,568 497,594 497,594 187 497,781 851,067 851,067 15,074 866,141 497,594 851,067 1,348,661 15,261 1,363,922 (7,838) (7,838) (7,838) 66,783 66,783 66,783 4,500 544,500 549,000 549,000 (10,368) (10,368) (10,368) 1,757 119,551 121,308 121,308 8,002 (8,002) (62) 62 136,266 136,266 (372,698) (372,698) (372,698) 10,867 (10,867) 75,265 3,184,312 747,478 1,260,000 95,514 10,867 3,098,980 8,472,416 151,527 8,623,943 1 2 63

1,208,952 785,853 4,104 1,652 1,599 (96,189) (38,242) (12,000) 100,670 123,972 66,783 34,408 (174,016) 34 (11,130) (5,140) 14 (1,464) (672) (577,107) (586,844) (12,267) 251 (29) 672,067 141,091 3,493 1,941,473 (8,535) 309,948 336,578 (997,246) (323,852) (2,937,647) (757,021) 240,146 49,670 (771,259) (558,576) (204,851) (21,212) (976,110) (579,788) 64

96,958 32,696 474,504 222,131 31,434 34,822 666 156 10,236 34 128,000 52,381 32 (275,741) 32 (685,849) (326,499) 33 (1,885) 363,636 31,067 (8,911) (806,896) (66,316) (802,153) (7,422) (85,889) (4,778) (51,277) (730,992) (277,746) (59,298) 255,211 622,796 (57,538) (851) (1,419,367) (473,980) 4,826,117 1,443,321 (1,623,113) (248,523) 670,308 982,743 (10,368) (18,369) (393,328) (137,534) (372,698) (288,964) 3,096,918 1,732,674 701,441 678,906 1,113,374 421,192 44,126 13,276 1,858,941 1,113,374 65

1. Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda 96 5 501 42 19 2. 1 7 7 29 8 9 10 2 7 1 66

2. 1 1 23 1 27 2 2 1 3 2 8 1 11 2 3 12 4 13 5 14 19 4 1 2 3 4 5 12 12 67

3. 68

3. 3 5 69

3. 70

3. 71

3. 72

3. 5 39 73

3. 74

3. 75

3. 76

3. 77

3. 78

3. (i) 37 (ii) 18 79

3. 4. 3 80

4. 30% 60% 22 38 81

5. 29 6. (a) 3,210,335 2,351,825 592,821 8,374,595 3,744,259 82

6. (b) (i) 185,682 226,618 5,907,877 3,040,800 99,775 272,635 129,350 32,694 83

6. (b) (i) 5% 5% 5% 5% 5% 287,683 142,283 (95) (13,571) 84

6. (b) (i) 100 100 28,885,000 13,789,000 (ii) 38 85

6. (b) (ii) 21391,336,000 70% (iii) 937,895,000 86

6. (b) (iii) 1,429,025 11,840 210,012 1,650,877 1,650,877 7.22 371,369 392,007 415,203 2,129,227 1,712,619 5,020,425 3,830,220 6.69 199,949 99,757 615,134 2,736,238 3,651,078 2,893,498 2,000,343 503,604 1,240,349 4,865,465 1,712,619 10,322,380 8,374,595 584,225 18,850 603,075 603,075 6.34 199,382 48,750 97,500 1,803,750 2,149,382 1,707,544 6.19 665,449 24,695 49,397 826,106 1,565,647 1,433,640 1,449,056 73,445 165,747 2,629,856 4,318,104 3,744,259 87

6. (c) 29 7. 8,571 2,407,770 505,501 2,407,770 514,072 38,167 2,407,770 552,239 1,281,524 1,186,650 3,689,294 1,738,889 88

8. 2,407,770 2,407,770 2,407,770 (5,042) 438,028 432,986 432,986 96,189 96,189 96,189 370,248 370,248 370,248 (179,175) (179,175) (179,175) 574,835 2,272 577,107 577,107 12,267 12,267 12,267 (100,670) (100,670) (100,670) 1,208,952 1,208,952 (342,811) (342,811) 866,141 866,141 195,644 13,512,406 13,708,050 13,708,050 5,152,386 17,707 5,170,093 5,170,093 81,196 81,196 81,196 2,469,016 2,469,016 2,469,016 21,428,355 21,428,355 35,892 5,645,633 5,681,525 5,681,525 7,122,887 7,122,887 7,122,887 12,804,412 12,804,412 276 135,489 1,401 137,166 137,166 314 2,607 1,183 4,104 4,104 66,783 66,783 66,783 89

8. 8,571 505,501 514,072 38,167 552,239 (7,598) 132,676 125,078 (5,239) 119,839 163,410 163,410 10,606 174,016 38,234 38,234 8 38,242 88,061 88,061 88,061 (97,177) (97,177) (97,177) 587,142 (298) 586,844 586,844 (121,927) (121,927) (2,045) (123,972) 782,523 3,330 785,853 (75,535) (8,595) (84,130) 706,988 (5,265) 701,723 184,889 4,470,188 4,655,077 4,655,077 5,073,408 5,073,408 5,073,408 13,408 13,408 13,408 1,219,935 1,219,935 1,219,935 10,961,828 10,961,828 11,534 936,796 948,330 948,330 3,235,930 3,235,930 3,235,930 4,184,260 4,184,260 134 2,852 355 3,341 1,437 4,778 346 152 1,061 1,559 93 1,652 34,408 34,408 34,408 1,599 1,599 90

8. * 2,407,770 2,407,770 2,407,770 432,986 432,986 432,986 203,238 15,891,966 16,095,204 16,095,204 5,170,093 5,170,093 5,170,093 81,196 81,196 81,196 203,238 21,143,255 21,346,493 21,346,493 1,401 135,765 137,166 137,166 514,072 514,072 31,469 6,698 38,167 552,239 125,078 125,078 (230) (5,009) (5,239) 119,839 443,185 5,422,251 5,865,436 5,865,436 5,073,408 5,073,408 5,073,408 13,408 13,408 13,408 443,185 10,509,067 10,952,252 10,952,252 355 2,986 3,341 1,437 1,437 4,778 * 91

9. 931,084 894,988 (201,756) (250,618) (70,093) (49,728) (84,400) (7,500) 574,835 587,142 2,272 (298) 577,107 586,844 15%5 25% 13 92

10. 311,430 136,610 73,851 385,281 136,610 29,649 11,644 414,930 148,254 (314,260) (26,327) 100,670 121,927 2,110 (65) 2,045 100,670 123,972 6.758% 6.25%) 93

11. 5,824 2,332 5,094 5,824 7,426 (5,001) (5,001) (1,720) (773) (1,720) (773) 4,104 1,559 93 4,104 1,652 4,293 3,853 4,889 4,293 8,742 (4,715) (4,715) (888) (673) (888) (673) 3,405 3,180 174 3,405 3,354 3,974 2,505 3,974 2,505 251 17 251 17 66,783 34,408 66,783 34,408 1,599 1,599 22,000 22,000 1,741,789 336,578 37,796 1,741,789 374,374 21,742 21,742 125,355 77,370 16,028 125,355 93,398 335,000 86,000 9,298 1,989 14 9,298 2,003 (12,791) (12,791) (17,447) (10,383) (17,447) (10,383) 117,206 68,976 3,251 117,206 72,227 94

11. 40,454 37,334 8 40,454 37,342 7.56 12,000 12,000 9,000 9,000 34 11,130 5,140 11,130 5,140 46 46 1,464 1,464 672 672 358,675 85,745 381 358,675 86,126 12. 25 6,202 12 6,239 3,594 8,511 359 12,464 2,284 2,979 217 5,480 1,805 1,702 180 3,687 2,870 12 2,882 180 180 180 180 300 300 300 300 300 300 1,285 16,755 13,192 780 32,012 95

12. 20 3,256 12 3,288 3,456 7,050 346 10,852 2,149 2,468 178 4,795 1,707 1,410 171 3,288 956 12 968 165 165 165 165 265 265 265 265 265 265 1,145 11,524 10,928 719 24,316 96

13. 150,727 51,579 107,299 18,071 258,026 69,650 30 80,021 5,885 4,764 84,785 5,885 342,811 75,535 8,595 342,811 84,130 25% 97

13. 1,208,952 785,853 33% 33% 398,954 259,331 107,299 18,071 (35,409) (5,963) 198,507 97,998 (151,990) (91,435) (214) (190,445) (193,658) (4,048) 19,206 (4,027) 4,764 342,811 84,130 28.4% 10.7% 98

14. 0.26 0.26 192,790 156,350 0.24 0.22 179,908 132,614 81,072 372,698 370,036 0.28 211,000,000 752,646,566 15. 851,067 705,076 99

15. 736,404,000 608,390,000 8,597,000 8,349,000 745,001,000 616,739,000 851,067 705,076 1,912 851,067 706,988 100

16. 163,410,000 32 Chai-Na-Ta Corp CNT10,399,149 77.5%84.2% 10,606,000 17. 5,081 13,074 3,781 10,067 153,745 8,588 194,336 137 1,571 1,151 1,919 4,778 (256) (265) (521) (5,312) (12,776) (502) (3,349) (161,619) (3,579) (187,137) 949 1,223 2,172 231 550 9 204 6,988 223 8,205 985 3,288 9,186 8,374 21,833 76,072 1,253 3,319 5,245 85,889 (486) (445) (775) (1,706) 5,503 9,138 14,641 61 33 403 360 857 76,072 560 4,574 17,966 22,342 121,514 2,453 3,307 7,324 127,374 3,914 144,372 528 192 1,049 4,267 1,390 7,426 (147) (247) (394) (2,749) (499) (3,021) (137,244) (2,000) (145,513) 105 4 146 5,850 113 6,218 337 3,004 5,351 3,417 12,109 21 632 2,433 2,738 5,824 (183) (353) (253) (789) 21 40 273 155 489 196 3,676 7,704 6,057 17,633 76,072 364 898 10,262 16,285 103,881 648 284 3,835 4,957 9,724 101

17. 20 25 3 10% 25% 5% 10% 12.5% 25% 18. 51,277 49,912 1,365 51,277 102

19. 5,491,426 5,636,052 2,965,010 2,570,265 (3,304,050) (3,132,909) 5,152,386 5,073,408 16,124 1 1,583 (1) 17,707 5,170,093 5,073,408 81,196 14,136 (728) 81,196 13,408 103

19. 66,316,0005.58 50% # 133,530,000 60% *# 90,000,000 206 60% *# 80,000,000 206 50% # 92,400,000 35% # 54,180,000 307 35% # 39,690,000 307 35% # 42,929,000 104

19. 70% *# 81,520,000 70% *# 99,562,000 70% *# 78,200,000 309 70% *# 81,800,000 309 40% # 38,515,000 40% # 38,280,000 40% # 38,403,000 40% # 38,905,000 40% # 38,737,000 105

19. 40% # 38,944,000 40% # 36,012,000 40% # 38,603,000 40% # 38,630,000 40% # 38,971,000 45% # 129,296,000 45% # 112,635,000 45% # 77,636,000 43.17% # 97,012,000 43.17% # 98,985,000 106

19. 43.17% # 98,554,000 43.17% # 101,695,000 43.17% # 98,458,000 43.17% # 78,328,000 50% # 97,800,000 50% # 90,364,000 61% *# 96,800,000 324 50% # 73,400,000 311 103 50% # 63,400,000 311103 107

19. 65% *# 82,340,000 108 65% *# 83,414,000 65% *# 66,412,000 108 45% 440,000,000 60% *# 88,000,000 307 60% *# 44,000,000 307 50% 130,000,000 343 * # 108

19. 60% 16,123,000 15,750,000 31.5% 31.5% 88.46% 109

19. 1,453,152 1,186,650 (876,045) (599,806) 7,373,152 6,907,433 (2,203,059) (1,834,025) 20. 54,700,000 54,700,000 31,472,000 31,472,000 23,228,000 23,228,000 1.7% 21. a 14,743 b 27,053 31,484 Tianjin Sunco Real Estate Company Limited Tianjin Sunco WOFEc 391,336 433,132 31,484 110

21. a. 90 14,743,000 25 970,000 51,213,000 b. 27,053,000 31,484,000 15,564,000 35,183,00025 c. Tianjin Sunco WOFEHuge Rise Investments LimitedHuge Rise Huge RiseTianjin Sunco WOFE Huge RiseTianjin Sunco WOFE Huge Rise Huge RiseHuge Rise Tianjin Sunco WOFE Huge Rise 22. Sunco Real Estate563,180,000 592,821,000 Sunco Real Estate 32 39.46% 111

22. i) ii) 4 112

23. 1,387,063 452,230 8,992,400 2,444,729 10,379,463 2,896,959 4,685,213,000 682,910,000 24. 1,393,210,000 458,758,000 113

25. 60 11,554 6,579 6090 5,477 90 1,064 51,213 18,095 57,792 21 34 15,564 35,183 4,941 5,710 a 36,856 960,932 191,430 138,980 b 502,878 77,822 769,764 1,276,419 21 60 a. Sunco Real Estate 597,296,000 363,636,000 802,153,000 12 Sunco Real Estate 573,171,000 170,467,00049% 1,000,000,000 39.46% 114

25. b. 95,166,000 A B B 357,474,000 B B10% 10% 26. 231,583,000 24,018,000 0.72% 5.0%0.72% 3.25% 0.77% 0.72% 68,246 132,775 245,935 168,781 115

27. 0.1 20,000,000,000 20,000,000,000 2,000,000 2,000,000 0.17.5 518,380 518,380 52 52 690,076,566 590,896,566 69,008 59,090 17,570,000 19,180,000 1,757 1,918 45,000,000 80,000,000 4,500 8,000 752,646,566 690,076,566 75,265 69,008 17,570,000 19,180,00028 12.2045,000,000 10.9680,000,000 116

28.. 10%10% 10% 54,650,156 7.26% 10% 30% 1% 281 (a) (b) (c) 117

28.. 19,500,000 19,340,000 118 104 66,783,000 34,408,000 15.50 11.61 14.85 11.66 27.91% 25.74% 5 2.5 3.186% 3.61% 3.23% 4.03% 118

28. 5.15 750,000 (750,000) 5.70 5,600,000 (5,460,000) 140,000 5.80 8,750,000 (6,050,000) 2,700,000 11.66 10,550,000 (500,000) 10,050,000 14.85 10,300,000 10,300,000 25,650,000 10,300,000 (12,760,000) 23,190,000 5.15 460,000 (325,000) 135,000 5.70 490,000 (100,000) 390,000 5.80 1,470,000 (1,360,000) 110,000 11.66 8,790,000 (3,025,000) (35,000) 5,730,000 14.85 9,200,000 (40,000) 9,160,000 11,210,000 9,200,000 (4,810,000) (75,000) 15,525,000 36,860,000 19,500,000 (17,570,000) (75,000) 38,715,000 119

28. 5.15 6,300,000 (5,550,000) 750,000 5.70 9,350,000 (3,750,000) 5,600,000 5.80 10,550,000 (1,800,000) 8,750,000 11.66 10,550,000 10,550,000 26,200,000 10,550,000 (11,100,000) 25,650,000 5.15 2,010,000 (1,550,000) 460,000 5.70 3,600,000 (3,110,000) 490,000 5.80 4,910,000 (3,420,000) (20,000) 1,470,000 11.66 8,790,000 8,790,000 10,520,000 8,790,000 (8,080,000) (20,000) 11,210,000 36,720,000 19,340,000 (19,180,000) (20,000) 36,860,000 14.20 9.49 120

29. (i) 2,634,176 (ii) 1,536,075 1,559,029 (iii) 2,553,467 1,582,155 6,723,718 3,141,184 447,368 1,582,155 2,665,580 1,559,029 1,504,671 4,617,619 3,141,184 161,579 601,788 1,342,732 2,106,099 6,723,718 3,141,184 (608,947) (1,582,155) 6,114,771 1,559,029 (i) (ii) 1,504,671,000 7.625 1,129,505,000 2.25 2,476,800,000 6.25 1,351,680,000 1,489,082,000 121

29. (iii) 789,474,000 148,515,000 6.89 8.96 4.987.60 100,000 5,834,245 2,993,640 30. (1,380) (3,049) (7,814) (12,243) (333) 877 8,051 5,885 14,480 (65,347) 55,771 (9,576) 1,780 2,298 4,078 (67) (126) (237) (430) (65,347) 55,771 5,885 (3,691) 15,934 (9,743) (1,427) 4,764 15,340 64,681 80,021 (93,037) (93,037) (2,101) 1,321 16 (764) (129,211) 47,349 69,155 (12,707) 122

30. (81,862) (9,576) 69,155 5,885 (12,707) (3,691) 597,214,000 198,021,000 516,844,000 198,021,000 80,370,00080,370,000 31. 60 39,293 1,744 60 90 2,208 235 90 11,840 18,839 53,341 20,818 74,160 58,124 1,149,023 342,619 48,231 120,955 339,122 60,559 1,663,877 603,075 123

32. 49% 446,208,000i) 275,741,000 ii)170,467,000 49% 39.46% 1,276,000,000 i) 276,000,000ii)1,000,000,000 88.46% 124

32. 14,641 592,821 16,123 93,037 5,080,040 1,281,348 203,460 2,437,898 379,336 190,407 150,027 590,151 (3,948,222) (1,233,725) (402,484) (3,504,183) (80,017) 1,860,658 (136,266) 1,724,392 1,276,000 (590,151) 685,849 448,392 1,276,000 1,724,392 125

32. 370,000,000366,337,000 163,410,000 126

32. 2,172 2,172 a 1,155,790 137,033 1,292,823 a 281,974 281,974 256,932 256,932 165,307 165,307 b 65,347 (55,771) 9,576 23,167 23,167 39,838 39,838 (1,274,414) (1,274,414) (267,628) (267,628) 529,747 (163,410) 366,337 (366,337) 39,838 (326,499) a 1.34 1.07 b 65,347 (55,771) 9,576 127

33. CNTCNT 84.2% CNTCNT CNT 41,624 4,078 181,503 450 1,885 (33,720) (47,278) (3,616) 144,926 (22,969) (40,885) 81,072 (1,885) 16,646,000 7,078,00024,025,000 128

34. 25% 128,000,000 147,971 59,957 (84,070) (7,838) 116,020 850 11,130 128,000 128,000 128,000 1,652,000 3,406,0003,701,000 35% 69,445,000 60%25% 25% 49,603,000 129

34. 132,462 54,197 (77,917) 108,742 5,166 5,140 119,048 52,381 35,183 31,484 119,048 52,381 130

35. 36. 15,767 4,484 21,272 1,900 171,159 208,198 6,384 131

37. 38,505,000 36,241,000 437,145,000 38. 3,264,795,000 401,500,000 22 315,789,000 22,000,0009,000,000 13,000,00031 39. 22 Huge RiseSunco Management Holdings Ltd. 31 132

40. 26 1,357,231,000 41. 474,504 222,131 161 233,391 33,339 8,571 27,456 28,279 900 3,766,000 24,513,000 Sunco Real EstateSunco Real Estate Sunco Real Estate 58,571 33,730 2,077 1,503 41,552 22,328 102,200 57,561 133

42. % % 30,145,300 100 * * 123,500,000 100 * 188,000,000 100 * 60,220,000 100 1,300,000,000 100 Road King Infrastructure # 1 100 Finance (2004) Limited Road King Infrastructure # 1 100 Finance (2007) Limited RKI Finance Limited # 1 100 2 100 # 1 100 680,000,000 100 Sunco Property Holdings # 250 88.46 Company Limited 600,000,000 88.46 760,000,000 88.46 235,000,000 88.46 40,000,000 88.46 55,000,000 88.46 110,000,000 88.46 10,000,000 88.46 134

42. % % 250,000,000 88.46 40,000,000 88.46 20,000,000 88.46 100,000,000 88.46 50,000,000 88.46 40,000,000 88.46 160,000,000 88.46 50,000,000 88.46 # * Road King Infrastructure (2004) Limited Road King Infrastructure Finance (2007) Limited 4,536,000 2,634,000 43. 14,807,869,000 8,342,482,000 8,240,272,000 3,150,182,000 135

2,407,770 552,239 78,250 48,299 119,344 1,208,952 785,853 388,452 357,282 334,160 (342,811) (84,130) 27,649 8,117 (7,389) 866,141 701,723 416,101 365,399 326,771 851,067 705,076 428,300 368,803 322,665 15,074 (3,353) (12,199) (3,404) 4,106 866,141 701,723 416,101 365,399 326,771 21,428,355 10,961,828 7,340,774 7,004,215 5,855,166 (12,804,412) (4,184,260) (2,074,281) (1,990,324) (1,080,879) 8,623,943 6,777,568 5,266,493 5,013,891 4,774,287 8,472,416 6,777,568 5,231,278 4,968,113 4,729,000 151,527 35,215 45,778 45,287 8,623,943 6,777,568 5,266,493 5,013,891 4,774,287 136

% T1. T2. T3. 307 T4. 309 T5. 307 T6. 206 T7. 312 T8. 307 T9. 206 T10. T11. 324 T12. T13. T14. 108 T15. 108 T16. 343 T17. T18. T19. 311103 105 40 58 45 40 60 79 70 59 35 90 60 130 50 21 35 2 35 23 45 35 61 76 43 17 65 17 65 38 65 53 50 27 70 39 70 80 50 137

% P1. M 11 31 100.0 P2. S 73 193 88.5 P3. R/F/S/C 361 44 88.5 P4. P/F/S/C 285 226 88.5 P5. M 133 209 100.0 P6. M/R/F/S 315 60 27.8 P7. C 13 6 100.0 P8. C 7 31 100.0 P9. F 7 64 100.0 P10. N.A. N.A. 820 634 88.5 2 P11. N.A. N.A. 327 236 88.5 2 P12. M/S/C 860 1,382 100.0 P13. S/C 164 90 88.5 P14. M/P/S 487 936 100.0 P15. M/F/S 127 402 100.0 P16. F/S 67 120 100.0 P17. P/F/S/C 91 139 88.5 P18. P/S/S/C 249 258 88.5 P19. R/P 192 230 88.5 P20. C 236 3 88.5 P21. P/F/S/C 219 321 88.5 P22. S 4 43 88.5 P23. S/C 130 62 88.5 P24. M/P/S/C 111 205 88.5 P25. F/S/C 76 125 88.5 P26. F/C 172 62 88.5 1. M R P F S C N.A. 2. 138

BVI Sunco Management 0.10 Sunco Management Sunco Management Holdings Limited 139

88.5% Sunco Real Estate Sunco Real Estate Investment Limited 140

141 307 307 206 324 309 307 311103 343 108 108

117 33 13 157 G4-1 142

G4-2 88 2005035 143

Conyers, Dill & Pearman Butterfield Fund Services (Bermuda) Limited Rosebank Centre 11 Bermudiana Road Pembroke, HM 08, Bermuda 28 26 Clarendon House 2 Church Street Hamilton HM 11 Bermuda 9 6 5 501 http://www.roadking.com.hk 1098 1098.HK 1098 HK (852) 2957 6800 (852) 2375 2477 rki@roadking.com.hk 144