周黑鴨國際控股有限公司 Zhou Hei Ya International Holdings Company Limited 於開曼群島註冊成立的有限公司 股份代號 1458 全球發售 聯席保薦人及聯席全球協調人 聯席賬簿管理人及聯席牽頭經辦人
重要提示 閣下如對本招股章程的任何內容有任何疑問 應諮詢獨立專業意見 Zhou Hei Ya International Holdings Company Limited 周黑鴨國際控股有限公司 於開曼群島註冊成立的有限公司 全 球 發 售 全球發售的發售股份數目 424,470,000股股份 視乎超額配股權行使情 況而定 香港發售股份數目 42,447,000股股份 可予調整 國際發售股份數目 382,023,000股股份 可予調整及視乎超額配 股權行使情況而定 最高發售價 每股發售股份7.80港元 另加1.0%經紀佣 金 0.0027%證監會交易徵費及0.005%聯 交所交易費 須於申請時以港元繳足 多繳 款項可予退還 面值 每股股份0.000001美元 股份代號 1458 聯席保薦人及聯席全球協調人 聯席賬簿管理人及聯席牽頭經辦人 香港交易及結算所有限公司 香港聯合交易所有限公司及香港中央結算有限公司對本招股章程的內容概不負責 對其準確性或完整性亦不發 表任何聲明 並明確表示概不就因本招股章程全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任 本招股章程連同本招股章程附錄六 送呈公司註冊處處長及備查文件 所列的文件已根據香港法例第32章公司 清盤及雜項條文 條例第342C條的 規定送呈香港公司註冊處處長登記 香港證券及期貨事務監察委員會及香港公司註冊處處長對本招股章程或上述任何其他文件的內容概不負責 預期發售價將由聯席全球協調人 代表香港包銷商 與本公司於二零一六年十一月五日 星期六 或前後通過協議釐定 而在任何情況下均不會 遲於二零一六年十一月十日 星期四 除另有公佈者外 發售價將不高於每股發售股份7.80港元 而目前預期將不會低於每股發售股份5.80 港元 申請香港發售股份的投資者須於申請時就每股發售股份繳付最高發售價7.80港元 連同1.0%經紀佣金 0.0027%證監會交易徵費及 0.005%聯交所交易費 倘每股發售股份的發售價低於7.80港元 則多繳款項可予退還 聯席全球協調人 代表香港包銷商 經本公司同意後 可於遞交香港公開發售申請最後限期當日上午或之前隨時調低本招股章程所列的指示性 發售價範圍及 或根據全球發售提呈的發售股份數目 在該情況下 本公司最遲將於遞交香港公開發售申請最後限期當日上午 在南華早報 以英文 和香港經濟日報 以中文 刊登調低指示性發售價範圍及 或發售股份數目的通告 有關通告亦將於聯交所網站www.hkexnews.hk及 本公司網站www.zhouheiya.cn刊載 進一步詳情載於本招股章程 全球發售的架構 及 如何申請香港發售股份 倘因任何原因 本公司與聯 席全球協調人 代表香港包銷商 未能在二零一六年十一月十日 星期四 香港時間 或之前協定發售價 全球發售 包括香港公開發售 將不會 進行及將告失效 請參閱本招股章程 包銷 包銷安排及開支 香港公開發售 終止理由 在作出投資決定前 有意投資者應謹慎考慮本招股章程所載全部資料 包括本招股章程 風險因素 一節所載的風險因素 有意投資於香港發售股份的人士務請注意 倘於上市日期上午八時正前出現若干理由 則聯席全球協調人 代表香港包銷商 可終止香港包銷 商於香港包銷協議項下認購及促使認購人認購香港發售股份的責任 該等理由載於本招股章程 包銷 包銷安排及開支 香港公開發售 香 港包銷協議 終止理由 一節 閣下務請參閱該節以了解進一步詳情 發售股份並無亦不會根據美國證券法或美國任何州證券法登記 亦不得於美國境內提呈發售 出售 抵押或轉讓 惟發售股份可依據第144A 條內有關豁免按照美國證券法進行登記的規定及在第144A條的限制下或依據其他豁免按照美國證券法進行登記的規定向合資格機構買家發 售 出售或交付 發售股份可根據S規例在離岸交易中在美國境外提呈發售 出售或交付 二零一六年十一月一日
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(1) 18317 1712-1716 1,000,000 14. (iv) eipo eipo 1,000,000 13. 14.
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20 MAP MAP 656753 41 59% 64% 65% 66% 409.2656.5845.5408.2 78.5% 80.1% 79.8% 78.8% 12 40 757
133.8 108.8 98.4 107.3 120.0... 248 328 426... 886 1,112 1,386 1,549 944 990... 25.5% 11.8% 4.9% MAP (1) (2) (1) (2) (3) MAP (4)... 26,418,000 7,236 19,820,000 5,429 75.0% 75,248,000 19,390 60,440,000 15,575 80.3% MAP (5)... 3,960,000 1,077 1,390,000 378 35.1% 8,660,000 2,048 7,440,000 1,760 85.9% (1) (2) (1) (2) (3) MAP (4)... 102,359,000 26,355 85,130,000 21,919 83.2% 55,603,000 13,863 51,510,000 12,843 92.6% MAP (5)... 19,620,000 4,587 13,540,000 3,166 69.0% 11,121,000 2,607 8,219,000 1,927 73.9% (1) MAP 168 365181 MAP (2)
(3) MAP (4) MAP (5) MAP % % % % % %... 1,217,577 100.0 1,809,082 100.0 2,432,009 100.0 41.3 1,174,692 100.0 1,389,135 100.0... (521,581 ) (42.8 ) (819,532 ) (45.3 ) (1,059,190 ) (43.6 ) 42.5 (531,071 ) (45.2 ) (518,104 ) (37.3 )... 695,996 57.2 989,550 54.7 1,372,819 56.4 40.4 643,621 54.8 871,031 62.7... 13,881 1.1 27,127 1.5 28,062 1.2 42.2 9,066 0.8 13,008 0.9... (283,188 ) (23.3 ) (374,895 ) (20.7 ) (527,969 ) (21.7 ) 36.5 (231,731 ) (19.8 ) (311,937 ) (22.4 )... (79,600 ) (6.5 ) (91,380 ) (5.1 ) (124,724 ) (5.1 ) 25.2 (50,833 ) (4.3 ) (61,933 ) (4.5 )... 347,089 28.5 550,402 30.4 748,188 30.8 46.8 370,123 31.5 510,169 36.7... (87,161 ) (7.2 ) (139,495 ) (7.7 ) (195,450 ) (8.1 ) 49.7 (99,677 ) (8.5 ) (129,430 ) (9.3 )... 259,928 21.3 410,907 22.7 552,738 22.7 45.8 270,446 23.0 380,739 27.4
% % % % % %... 3,083 0.3 3,341 0.2 1,405 0.1 (32.5 ) 1,280 0.1 1,537 0.1... (3,083 ) (0.3 ) (3,341 ) (0.2 ) (1,405 ) (0.1 ) 32.5 (1,280 ) (0.1 ) (1,537 ) (0.1 )... 7,690 0.3 1,360 0.1. 7,690 0.3 1,360 0.1... 259,928 21.3 410,907 22.7 560,428 23.0 46.8 270,446 23.0 382,099 27.5 (1)... 1,090,000 17,045 63.9 1,662,589 23,548 70.6 2,206,208 27,293 80.8 1,064,644 13,731 77.5 1,231,851 13,932 88.4 (1)(2)... 127,577 2,543 50.2 146,493 2,727 53.7 225,801 3,327 67.9 110,048 1,625 67.7 157,284 2,146 73.3... 1,217,577 19,588 1,809,082 26,275 2,432,009 30,620 1,174,692 15,356 1,389,135 16,078 (1) (2) MAP (1)... 459,972 7,753 59.3 1,264,589 19,322 65.5 2,082,982 26,961 77.3 985,695 13,532 72.8 1,232,220 14,686 83.9 (1)(2)... 280,161 3,842 72.9 367,484 4,431 82.9 314,880 3,515 89.6 170,572 1,693 100.8 138,535 1,276 108.6 (1)... 461,851 7,904 58.4 155,352 2,419 64.2
(1) (2) % % % % % %... 1,087,666 89.4 1,589,134 87.9 2,131,428 87.6 40.0 1,032,530 87.9 1,217,399 87.6... 58,735 4.8 110,492 6.1 172,435 7.1 71.3 69,831 5.9 113,679 8.2... 64,693 5.3 103,682 5.7 111,812 4.6 31.5 61,493 5.2 53,075 3.8 (1)... 6,483 0.5 5,774 0.3 16,334 0.7 58.7 10,838 1.0 4,982 0.4... 1,217,577 100.0 1,809,082 100.0 2,432,009 100.0 41.3 1,174,692 100.0 1,389,135 100.0 (1) (i)(ii) % % % % % % (1)... 283 72.8 314 67.1 341 53.2 9.8 326 57.8 361 50.4 (2)... 69 17.7 81 17.3 140 21.8 42.4 127 22.7 157 21.9 (3)... 18 4.6 32 6.8 63 9.8 87.1 47 8.3 79 11.0 (4)... 19 4.9 41 8.8 80 12.5 105.2 58 10.3 90 12.6 (5)... 17 2.7 5 0.9 29 4.1... 389 100.0 468 100.0 641 100.0 28.4 563 100.0 716 100.0 % % % % % % (1)... 902,074 82.9 1,237,539 77.8 1,493,759 70.1 28.7 753,410 73.0 844,134 69.3 (2)... 120,390 11.1 190,238 12.0 325,755 15.3 64.5 142,621 13.8 167,801 13.8 (3)... 29,246 2.7 72,894 4.6 143,320 6.7 121.4 63,385 6.1 101,042 8.3 (4)... 35,956 3.3 88,463 5.6 154,751 7.3 107.5 69,152 6.7 93,052 7.6 (5)... 13,843 0.6 3,962 0.4 11,370 1.0... 1,087,666 100.0 1,589,134 100.0 2,131,428 100.0 40.0 1,032,530 100.0 1,217,399 100.0 (1) (2) (3) (4) (5)
197 231 248 262 792.31,090.01,279.9 718.465.1% 60.3% 52.6% 51.7%... 354,515 424,533 549,100 606,959... 406,147 767,835 406,968 587,769... 760,662 1,192,368 956,068 1,194,728... 579,580 922,164 384,982 767,081... 15,361 16,631 23,168 23,769... 165,721 253,573 547,918 403,878... 181,082 270,204 571,086 427,647... 240,426 514,262 (140,950) 183,891... 594,941 938,795 408,150 790,850 141.0 821.8... 253,669 473,824 624,432 438,579... (248,937) (382,478) (283,307) (232,814)... (60,000) (64,317) (329,010) (202,771)... (55,268) 27,029 12,115 2,994... 92,020 36,752 63,781 82,338... 6,442 450... 36,752 63,781 82,338 85,782... 57.2% 54.7% 56.4% 54.8% 62.7%... 21.3% 22.7% 22.7% 23.0% 27.4% (1)... 34.2% 34.5% 57.8% 22.0% 31.9% (2)... 44.8% 44.6% 143.6% 30.3% 49.6% (3)... 2.5 3.0 0.7 2.3 1.5 (4)... 2.1 2.8 0.5 2.1 1.2 (5)... (1) 100% (2) 100% (3)
(4) (5) 821.8(i) 473.0 (ii)215.6(iii)80.0 (iv)40.4 34.5% 57.8% 44.6% 143.6% 141.0 11 31 BVI Holdco I BVI Holdco II BVI Holdco IV63.47% BVI Holdco IV 60.658% Tiantu Investments Rosy Result 7.89% 4.46% 53 12 2,072.8 1,300.11,813.2 1,004.3 20,732 3,139 20,506 2,588 2410 17.514.0 3.5 100.028.9 71.1
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2.7 31 (1) % %... 381 47.1 11,330 45.1 159.7... 194 24.0 6,710 26.7 97.8... 142 17.5 4,260 16.9 49.2... 92 11.4 2,840 11.3 26.6... 809 100.0 25,140 100.0 333.3 (1) 203 6,430 6,270 24.9% 340.5 583.5834.2475.4 28.0% 32.3% 34.3% 34.2% 18,710 606298 298 9,32037.1% 445.1 532.2659.9376.636.6% 29.4% 27.1% 27.1% 828 709 25,520 837.41,205.3 1,619.4926.768.8% 66.6% 66.6% 66.7% 197298 65,000 147,900 32.2 73.2
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......... MAP...... MAP.................. 1......
50% 50% 500,000 41 (100%) 500,000 20% 10%50,000 80% 10% 10% 80% 10% 10% 400,00050,000 50,000 11,817,800 5,000,000 (83.33%) (16.67%) 3,000,000 16.67% 500,000 50,000,000
62,500,000 75,003,000 (100%) 500,000 979,000 5,000,000 (100%) 10,000,000 10,985,000 (100%) 500,000 769,000 5,000,000 (100%) 500,000 753,000
5,000,000 (100%) 2,010,000 3,019,000 5,000,000 (100%) 2,000,000 2,403,000 5,000,000 (100%) 1,000,000 1,617,000 5,000,000 (100%) 1,000,000
833,000 (100%) 1,000,000 1,468,000 5,000,000 (100%) 500,000 754,000 5,000,000
................................. (100%) 1,000,000 636,000 5,000,000 (100%) 10,000,000 7,000
(100%) 50,000,000 692,000 (100%) 10,000,000 97,000 (100%) 500,000 266,000 5,000,000 (100%) 10,000,000 10,491,300 (100%) 80,000,00080,000,000
(100%) 50,000,000 (100%) 5,000,000 (100%) 2,000,000 5,000,000 (100%) 1,000,000 581.12 10.0%
30215,547 10.40% (1) (2) 58 0.38 93.48% 10.00% 6.55%... 30 0.97 83.49% 10.40% 7.89%... (1) (2) 6.80 0.8% 1%12 99% 0.8%
IDG IDG IDG 24.27% 75.73% IDG IDG 100718,492 IDG (1) (2) 100 0.97 83.49% 5.88% 4.46%... (1) IDG IDG (2) 6.80 IDG
IDG IDG IDG Tiantu Investments Rosy Result IDG IDG IDG IDG IDG IDG IDG IDG
(i) (ii) IDG (a) IDG (b)idg 10IDG IDG IDG IDG (i) (ii)hkex- GL43-12 (iii) HKEx-GL44-12 Rosy Result Rosy Result Rosy Result IDG IDG Technology Venture Investment IV, L.P.IDG-IV 24.27% 75.73% IDG-IVRosy Result IDG-IV IDG Technology Venture Investment IV, LLC IDGIDG-IV 8.08Rosy Result
Tiantu Investments Tiantu Investments (NEEQ 833979) 8.08Tiantu Investments (1) (39.49%)(27.35%) (2) 60% 40% (3) (5.20%)(2.00%) (2.53%) (0.84%) (0.84%)(0.84%)(0.84%) (0.59%) (0.59%) (0.30%) (0.30%) (0.17%) (1.29%) (4)
BVI Holdco I BVI Holdco IV BVI Holdco I 62.84% BVI Holdco II BVI Holdco II1.71% BVI Holdco II BVI Holdco III BVI Holdco IV Tiantu Investments Rosy Result Best Jolly Investments Limited Rosy Result BVI Holdco I (1)... 62,840 62.840% BVI Holdco II (1)... 1,714 1.714% BVI Holdco III... 7,200 7.200% BVI Holdco IV... 13,136 13.136% Tiantu Investments... 9,651 9.651% Rosy Result... 5,459 5.459% 100,000 100% (1) BVI Holdco I BVI Holdco II
(a) (b) (c) (d) (a) (b) 80% 20% 50-50 (i)
(ii) 50-50 (c) BVI Holdco I BVI Holdco II BVI Holdco IV BVI Holdco I BVI Holdco II BVI Holdco IV BVI Holdco I BVI Holdco II BVI Holdco IVBVI Holdco I BVI Holdco II BVI Holdco IVBVI Holdco I BVI Holdco II BVI Holdco IV 30% 80,000,000 122.6
821.8 (i) 473.0(ii)215.6(iii) 80.0(iv)40.4 11 31
(1) BVI Holdco IV (30.451%) (19.283%) (6.425%) (4.499%) (9.790%) (6.425%) (6.425%)(6.425%) (4.499%) (2.246%) (2.246%) (1.287%)BVI Holdco IV 30%BVI Holdco IV BVI Holdco IV (2) (3)
(1) BVI Holdco IV (60.658%) (9.790%) (6.425%)(6.425%)(6.425%) (4.499%) (2.246%) (2.246%) (1.287%) BVI Holdco IV 30%BVI Holdco IV BVI Holdco IV (2) (3) Tiantu Investments Rosy Result 8.08
11 100% 37
12 40757 6.8% 5.5% 232 521 17.6%1,235 18.8% MAP 20
1,217.61,809.1 2,432.0 41.3% 1,174.7 1,389.1 18.3% 259.9
410.9552.7 45.8% 270.4 380.740.8% 6.8% 5.5% 40757 12 MAP 232 521 17.6%1,235 18.8%
32.6% 240844 28.5% 20 MAP MAP MAP 42.00 51.71 56.27 58.95 20 11
389468641716 4075712 2.93.73.83.6 133.8 108.8 98.4 107.3
OK POSERP GPS
196 8140
187180
MAP MAP MAP
MAP 6%
(1) 20 89.5% 91.9% 90.7% 88.7%
(2)... MAP 80200 (3) MAP 9.036.0 150320 (3) MAP 12.058.0 88180 12.048.0 128 338.0 (1)... MAP 100180 (3) MAP 7.923.9 200300 (3) MAP 11.943.9 128170 12.025.0 1006.8 12.0 (1) (2) MAP (3) MAP MAP MAPMAP MAP MAP99%MAP MAP MAP MAP
MAP MAP MAP MAP MAP MAP MAPMAP MAP 90 180 MAP MAP
OK
30% 5%
% % % % % %... 1,087,666 89.4 1,589,134 87.9 2,131,428 87.6 40.0 1,032,530 87.9 1,217,399 87.6... 58,735 4.8 110,492 6.1 172,435 7.1 71.3 69,831 5.9 113,679 8.2... 64,693 5.3 103,682 5.7 111,812 4.6 31.5 61,493 5.2 53,075 3.8 (1)... 6,483 0.5 5,774 0.3 16,334 0.7 58.7 10,838 1.0 4,982 0.4... 1,217,577 100.0 1,809,082 100.0 2,432,009 100.0 41.3 1,174,692 100.0 1,389,135 100.0 (1) 40757 12
業 務 下列圖片展示我們部分的自營門店 我們對自營門店網絡實施高度控制 並發展出一套零售網絡管理系統 使我們能夠靈 活及迅速地調整門店網絡 以滿足客戶需求 我們有一個系統的方法物色及評估潛在門店 位置 我們開設的標準化門店及經營程序使我們能將我們的成功迅速複製至其他新地區市 場 基於我們的業務模式 標準化選址及開設門店程序 以及中央化採購店內裝潢及設 施 我們能大大減少門店的前期投資 盡量縮短開設新店的籌備時間 及實現較短的收支 平衡期及投資回收期 我們為幾乎所有門店租用物業 從而進一步降低擴張門店網絡的前 期投資及相關風險 下圖說明截至最後實際可行日期我們在中國的自營門店網絡 顏色標注地區為我們設 有自營門店的地區 而括號內數字則表示我們於該地區擁有的自營門店數目 130
... 349 389 468 468 641... 97 117 222 115 96 (1)... (57) (38) (49) (20) (21)... 40 79 173 95 75... 389 468 641 563 716 (1) 389 468 641 71675712 40 1,087.7 1,589.12,131.41,217.4 89.4% 87.9% 87.6% 87.6% 57384921 9711722296 (i)(ii) % % % % % % (1)... 283 72.8 314 67.1 341 53.2 9.8 326 57.9 361 50.5 (2)... 69 17.7 81 17.3 140 21.8 42.4 127 22.6 157 21.8 (3)... 18 4.6 32 6.8 63 9.8 87.1 47 8.3 79 11.0 (4)... 19 4.9 41 8.8 80 12.5 105.2 58 10.3 90 12.6 (5)... 17 2.7 5 0.9 29 4.1... 389 100.0 468 100.0 641 100.0 28.4 563 100.0 716 100.0
% % % % % % (1)... 902,074 82.9 1,237,539 77.8 1,493,759 70.1 28.7 753,410 73.0 844,134 69.3 (2)... 120,390 11.1 190,238 12.0 325,755 15.3 64.5 142,621 13.8 167,801 13.8 (3)... 29,246 2.7 72,894 4.6 143,320 6.7 121.4 63,385 6.1 101,042 8.3 (4)... 35,956 3.3 88,463 5.6 154,751 7.3 107.5 69,152 6.7 93,052 7.6 (5)... 13,843 0.6 3,962 0.4 11,370 1.0... 1,087,666 100.0 1,589,134 100.0 2,131,428 100.0 40.0 1,032,530 100.0 1,217,399 100.0 (1) (2) (3) (4) (5) 2.93.73.8 3.6 MAP MAP 197 231 248 262 792.31,090.01,279.9 718.4 65.1% 60.3% 52.6% 51.7%
9711722296 196 8140 53 187180 120.0 22.421.6 (1)... 43 29 (2)... 39 41 (3)... 49 47 (4)... 22 45 (5)... 34 13 (6)... 5... 187 180
(1) (2) (3) (4) (5) (6) 120.0 45 96 21 716 5312 757 1050 2.7
809 25,140 55 31 (1) % %... 381 47.1 11,330 45.1 159.7... 194 24.0 6,710 26.7 97.8... 142 17.5 4,260 16.9 49.2... 92 11.4 2,840 11.3 26.6... 809 100.0 25,140 100.0 333.3 (1) 1 11
業 務 於往績記錄期 網上渠道於二零一三年 二零一四年及二零一五年及截至二零一六年六 月三十日止六個月產生的收益分別為人民幣58.7百萬元 人民幣110.5百萬元 人民幣172.4百 萬元及人民幣113.7百萬元 分別佔我們於有關期間總收益的約4.8% 6.1% 7.1%及8.2% 下圖分別載列我們的天貓及1號店網店店面截圖 下圖載列我們的微店截圖 137
OK 2419 37362618 64.7 103.7111.853.1 5.3% 5.7% 4.6% 3.8% 24196832282618 OK
... 18 24 19 6... 14 3 1 3... (8) (8) (14) (1)... 24 19 6 8 15% 25%
OK 5.0 1.5% 14 24 322826 1820 15
25.4 48.0 42.053.136.9... 3 6 6... 3 2 0... (0) (2) (6)... 6 6 0 69 70% 88%
15.5 24 3.0 227 85.0 153.6 246.9 195.6
ERP MAP 90 180 ERP
10 70 MAP MAP MAP MAPMAP MAP 80200MAP 150320
10 15 MAP ERP MAP 53,438 MAP MAP (1) (2) (1) (2) MAP (3)... 26,418,000 7,236 19,820,000 5,429 75.0% 75,248,000 19,390 60,440,000 15,575 80.3% MAP (4)... 3,960,000 1,077 1,390,000 378 35.1% 8,660,000 2,048 7,440,000 1,760 85.9%
(1) (2) (1) (2) MAP (3)... 102,359,000 26,355 85,130,000 21,919 83.2% 55,603,000 13,863 51,510,000 12,843 92.6% MAP (4)... 19,620,000 4,587 13,540,000 3,166 69.0% 11,121,000 2,607 8,219,000 1,927 73.9% (1) MAP 168 365181 MAP (2) (3) MAP (4) MAP MAP 3,800 MAP 11,642,560 MAP
MAP 521 1,23518.8% MAP (1) (2) 88,300,800 30 (3) 22,000 215.7 14.1 2.5 (4) (4) 94,187,520 370 23,500 300 15.9 35.2 (1)
(2) (3) (4) 70% MAP MAP 109.5%MAP 2.75 8 11.9% 19.0%5.2 811.9% 2.7 1.4 1.7 5.8 6.3
30,00039,10052,45024,100 341.7 538.9748.1325.2 70.4% 72.5% 75.1% 72.2% MAP MAP MAPMAP H7N9
65675341 27.3% 26.1% 32.5% 27.6% 7.2% 7.8% 13.9% 7.1% 152715
59% 64% 65% 66% 121413 5%
67 45
GB14881 GB/T 27301
HACCP ERP 10 33 23GPS
MAP ISO 9001ISO 22000 ISO 14001 ISO ISO 9001:2008
ISO 22000:2005 ISO 14001:2004 22,856 GPS POS
12 14 ERP POS ERP POS POS
10 (i) (ii) MAP MAPMAP MAP MAP MAP
MAP 1.22.52.6 1.6 26 206 22 1118 B.2.
2014 A 2015 100
2,3292,8773,5633,7693,905 %... 2,319 59.4... 764 19.6... 248 6.4... 137 3.5... 80 2.1... 77 2.0... 32 0.8... 248 6.4... 3,905 100.0
5.01(2) 15% 6(2) 342(1)(b) 34(2)
153,972 57,798 215.7 189.6 40 29,260828 809 25,140 55 10 50
809 203 286,430 21 28128 197 24.4%6,270 24.9% 340.5583.5834.2475.4 28.0% 32.3% 34.3% 34.2%
(a) (i) (ii) (b) (c) (d) (i)2128128 (ii) (e)
606 18,710 27 298 9,320 36.8% 37.1%
(1) (2) (3) 445.1532.2 659.9376.6 36.6% 29.4% 27.1% 27.1%
(a) 12 33 (b) 0.2% (c)
828709 680 25,520 87.2%690 837.4 1,205.31,619.4926.7 68.8% 66.6% 66.6% 66.7% 30 1,000 10,000 6,800,000
65,000 45 30 3.6 15 147,900197298 32.273.2
(i) (ii) (iii) 0.81.1 1.21.6 ISO 9001ISO 22000 ISO 14001 ISO 232 52117.6% 1,235 18.8% 6.8% 5.5%
20
30.6 46.9 65.4 66.8 0.05% 10,000 50,000
650 (i) (ii) (iii)
(i) (ii)3.083.09 8.04 (i) (ii) (iii)
(iv) (v) 5,000 5,000 5,00010,000 10,000 900 35
15 23 (Zhou Hei Ya)
BVI Holdco I BVI Holdco II BVI Holdco IV63.47% BVI Holdco IV 60.658% Tiantu Investments Rosy Result 7.89% 4.46% 8.10
(a)
(b) 30% (c) 5% (a) 10% (b) 10%
A A A 14A.76(1)... 46.03 120,000 D1 1023... 46.94 545,300 1 B1006... 110.70 1,046,100 6 107... 104.90 158,760 B-1 C 23187.. 86.09 185,950 394.66 2,056,110
... 1,699 1,777 1,963 982... 2,061 2,164 2,272 14.07 5% 3,000,000 14A.76(1)
... 41... 45
... 34... 45... 41
... 37... 59... 62... 53
... 39... 38... 38 41 15 45
34 45 41
37 59 867 2362475 336 1431 2738 776 8193 648 8237 62 850
53 XV 13.51(2)
39 38 38
43 21881586 15 3.21 3.25
A.2.1 8.12 3.93.7 5.92.3
4.84.16.62.8 3.8 3A.19 3A.23 (i) (ii) (iii) (iv)
XV2 3 10% (1) (2)... 1,472,225,500 77.69% 1,472,225,500 63.47% BVI Holdco I... 1,190,818,000 62.84% 1,190,818,000 51.34% BVI Holdco II... 32,480,300 1.71% 32,480,300 1.40% BVI Holdco IV.. 248,927,200 13.14% 248,927,200 10.73% (3)... 1,472,225,500 77.69% 1,472,225,500 63.47% Tiantu... 182,886,450 9.65% 182,886,450 7.89% Investments (4)... 182,886,450 9.65% 182,886,450 7.89% (4) (4)... 182,886,450 9.65% 182,886,450 7.89% (4)... 182,886,450 9.65% 182,886,450 7.89% (1) (2) BVI Holdco I BVI Holdco IIBVI Holdco I BVI Holdco II1,190,818,00032,480,300 BVI Holdco IV 60.658%BVI Holdco IV 248,927,200 (3) (4) Tiantu Investments182,886,450 7.89% Tiantu Investments 91.70% NEEQ 833979 59.80% XVTiantu Investments Tiantu Investments 182,886,450 7.89%
XV2 3 10%
5,000,000 0.01 50,000.00 50,000,000,000 0.000001 50,000.00 100,000... 0.01 1,000.00 1,000,000,000 0.000001 1,000.00 895,000,000 0.000001 895.00 424,470,000 0.000001 424.47 2,319,470,000 2,319.47
A. 3. (a) (b) (c) (d) (e) (f) (g)(h) 2.(iii)
2.(ii) 2 21
6.8% 5.5% 20 20 MAP
1,217.61,809.1 2,432.041.3% 259.9410.9 552.745.8% 1,174.718.3% 1,389.1 270.440.8%380.7 821.8
17.6% 1,23518.8%
389468 641716... 349 389 468 468 641... 97 117 222 115 96... (57) (38) (49) (20) (21)... 40 79 173 95 75... 389 468 641 563 716 187 96 21 91 10.9 340.5 589.0843.0405.4480.6 28.0% 32.6% 34.7% 34.5% 34.6% 747.2 1,000.11,288.4627.1736.8 61.4% 55.3% 53.0% 53.4% 53.0%
(i)(ii) % % % % % % (1)... 283 72.8 314 67.1 341 53.2 9.6 326 57.9 361 50.4 (2)... 69 17.7 81 17.3 140 21.8 42.4 127 22.6 157 21.9 (3)... 18 4.6 32 6.8 63 9.8 87.1 47 8.3 79 11.0 (4)... 19 4.9 41 8.8 80 12.5 105.2 58 10.3 90 12.6 (5)... 17 2.7 5 0.9 29 4.1... 389 100.0 468 100.0 641 100.0 28.4 563 100.0 716 100.0 % % % % % % (1)... 902,074 82.9 1,237,539 77.8 1,493,759 70.1 28.7 753,410 73.0 844,134 69.3 (2)... 120,390 11.1 190,238 12.0 325,755 15.3 64.5 142,621 13.8 167,801 13.8 (3)... 29,246 2.7 72,894 4.6 143,320 6.7 121.4 63,385 6.1 101,042 8.3 (4)... 35,956 3.3 88,463 5.6 154,751 7.3 107.5 69,152 6.7 93,052 7.6 (5)... 13,843 0.6 3,962 0.4 11,370 1.0... 1,087,666 100.0 1,589,134 100.0 2,131,428 100.0 40.0 1,032,530 100.0 1,217,399 100.0 (1) (2) (3) (4) (5)
133.8 108.8 98.4 107.3 MAP (1)... 1,090,000 17,045 63.9 1,662,589 23,548 70.6 2,206,208 27,293 80.8 1,064,644 13,731 77.5 1,231,851 13,932 88.4 (1)(2)... 127,577 2,543 50.2 146,493 2,727 53.7 225,801 3,327 67.9 110,048 1,625 67.7 157,284 2,146 73.3... 1,217,577 19,588 1,809,082 26,275 2,432,009 30,620 1,174,692 15,356 1,389,135 16,078
(1) (2) MAP (1)(2)... 459,972 7,753 59.3 1,264,589 19,322 65.5 2,082,982 26,961 77.3 985,695 13,532 72.8 1,232,220 14,686 83.9 (1)(3)... 280,161 3,842 72.9 367,484 4,431 82.9 314,880 3,515 89.6 170,572 1,693 100.8 138,535 1,276 108.6 (1)... 461,851 7,904 58.4 155,352 2,419 64.2 (1) (2) MAP MAP... 27,354,000 16.8 74,283,000 17.0 107,192,000 19.4 51,806,000 19.0 59,397,000 20.7 (3)
42.00 51.71 56.27 58.95 5% 10% 15% 23% +/- 5% +/- 10% +/- 15% +/-23% (1)... +/-23,314 +/-46,628 +/-69,942 +/-107,799... +/-32,597 +/-65,194 +/-97,791 +/-150,722... +/-45,120 +/-90,240 +/-135,360 +/-208,626... +/-21,218 +/-42,436 +/-63,654 +/-98,108... +/-28,624 +/-57,248 +/-85,872 +/-132,352 (1)
MAP... 248 328 426... 886 1,112 1,386 1,549 944 990... 25.5% 11.8% 4.9% MAP MAP 69.8% 80.9% 80.9% 89.5%
409.2656.5845.5 425.9408.233.6% 36.3% 34.8% 36.3% 29.4% 2,3292,8773,5633,769 163.7212.1306.9
131.9165.613.4% 11.7% 12.6% 11.2% 11.9% 5% 10% 15% 2.2% +/- 5% +/- 10% +/- 15% +/-2.2% (1)... -/+6,138 -/+12,275 -/+18,413 -/+20,207... -/+7,953 -/+15,906 -/+23,859 -/+30,022... -/+11,508 -/+23,016 -/+34,523 -/+40,360... -/+4,947 -/+9,894 -/+14,841 -/+19,495... -/+6,210 -/+12,420 -/+18,630 -/+23,052 (1) 10 50 2.7 25,140 106.6130.1 186.584.1114.5 8.8% 7.2% 7.7% 7.2% 8.2% 7.6 8.2 9.6 4.6 5.0
5% 10% 15% 1.5% +/- 5% +/- 10% +/- 15% +/-1.5% (1)... -/+3,935 -/+7,870 -/+11,805 -/+13,293... -/+4,875 -/+9,750 -/+14,625 -/+19,751... -/+6,995 -/+13,990 -/+20,985 -/+26,553... -/+3,155 -/+6,310 -/+9,465 -/+12,824... -/+4,295 -/+8,590 -/+12,885 -/+15,168 (1) 3.2 (i) (ii) (iii) 3.2
% % % % % %... 1,217,577 100.0 1,809,082 100.0 2,432,009 100.0 41.3 1,174,692 100.0 1,389,135 100.0... (521,581 ) (42.8 ) (819,532 ) (45.3 ) (1,059,190 ) (43.6 ) 42.5 (531,071 ) (45.2 ) (518,104 ) (37.3 )... 695,996 57.2 989,550 54.7 1,372,819 56.4 40.4 643,621 54.8 871,031 62.7... 13,881 1.1 27,127 1.5 28,062 1.2 42.2 9,066 0.8 13,008 0.9... (283,188 ) (23.3 ) (374,895 ) (20.7 ) (527,969 ) (21.7 ) 36.5 (231,731 ) (19.8 ) (311,937 ) (22.4 )... (79,600 ) (6.5 ) (91,380 ) (5.1 ) (124,724 ) (5.1 ) 25.2 (50,833 ) (4.3 ) (61,933 ) (4.5 )... 347,089 28.5 550,402 30.4 748,188 30.8 46.8 370,123 31.5 510,169 36.7... (87,161 ) (7.2 ) (139,495 ) (7.7 ) (195,450 ) (8.1 ) 49.7 (99,677 ) (8.5 ) (129,430 ) (9.3 )... 259,928 21.3 410,907 22.7 552,738 22.7 45.8 270,446 23.0 380,739 27.4...... 3,083 0.3 3,341 0.2 1,405 0.1 (32.5 ) 1,280 0.1 1,537 0.1... (3,083 ) (0.3 ) (3,341 ) (0.2 ) (1,405 ) (0.1 ) 32.5 (1,280 ) (0.1 ) (1,537 ) (0.1 )... 7,690 0.3 1,360 0.1... 7,690 0.3 1,360 0.1... 259,928 21.3 410,907 22.7 560,428 23.0 46.8 270,446 23.0 382,099 27.5
1,217.648.6%1,809.1 34.4%2,432.0 1,174.718.3%1,389.1 (i) 9711722211596 (ii) MAP MAP (i)(ii) 89.5% 91.9% 90.7% 90.6% 88.7% 1,090.052.5%1,662.632.7% 2,206.2 1,064.615.7% 1,231.9 127.614.8%146.554.1% 225.8 110.043.0%157.3
% % % % % % (1)... 1,090,000 89.5 1,662,589 91.9 2,206,208 90.7 42.3 1,064,644 90.6 1,231,851 88.7 (1)(2)... 127,577 10.5 146,493 8.1 225,801 9.3 33.0 110,048 9.4 157,284 11.3... 1,217,577 100.0 1,809,082 100.0 2,432,009 100.0 41.3 1,174,692 100.0 1,389,135 100.0 (1) (2) MAPMAP 11% 3% 18%19% 8%45% 58.4 64.2 MAP 64.7 69.3 79.4 MAP % % % % % % MAP... 459,972 37.8 1,264,589 69.9 2,082,982 85.7 112.8 985,695 83.9 1,232,220 88.7 (1)... 280,161 23.0 367,484 20.3 314,880 12.9 6.0 170,572 14.5 138,535 10.0... 461,851 37.9 155,352 8.6 (2)... 15,593 1.3 21,657 1.2 34,147 1.4 48.0 18,425 1.6 18,380 1.3... 1,217,577 100.0 1,809,082 100.0 2,432,009 100.0 41.3 1,174,692 100.0 1,389,135 100.0
(1) (2) MAPMAP MAPMAP 460.0 1,264.6 2,083.0MAP37.8% 69.9% 85.7% MAP 985.725.0% 1,232.2MAP 83.9%88.7% MAPMAP MAP 23.0% 20.3% 12.9% 14.5% 10.0% % % % % % %... 1,087,666 89.4 1,589,134 87.9 2,131,428 87.6 40.0 1,032,530 87.9 1,217,399 87.6... 58,735 4.8 110,492 6.1 172,435 7.1 71.3 69,831 5.9 113,679 8.2... 64,693 5.3 103,682 5.7 111,812 4.6 31.5 61,493 5.2 53,075 3.8 (1)... 6,483 0.5 5,774 0.3 16,334 0.7 58.7 10,838 1.0 4,982 0.4... 1,217,577 100.0 1,809,082 100.0 2,432,009 100.0 41.3 1,174,692 100.0 1,389,135 100.0 (1)
389468641 1,087.7 1,589.12,131.4 89.4% 87.9% 87.6% 563 716 1,032.5 1,217.4 87.9% 87.6% 157.5213.1230.9118.8124.4 12.9% 11.8% 9.5% 10.1% 9.0% 58.788.2% 110.556.0%172.4 69.862.9% 113.7 1 871,700 MAP 2419 37362618 64.7 103.7111.861.553.1 5.3% 5.7% 4.6% 5.2% 3.8%
% % % % %... 409,201 78.5 656,543 80.1 845,488 79.8 425,929 80.2 408,168 78.8... 33,076 6.3 64,648 7.9 80,148 7.6 40,117 7.6 36,612 7.1... 33,613 6.4 48,771 6.0 70,640 6.7 31,375 5.9 33,447 6.5... 11,305 2.2 11,791 1.4 14,983 1.4 8,484 1.6 9,348 1.8... 34,386 6.6 37,779 4.6 47,931 4.5 25,166 4.7 30,529 5.8... 521,581 100.0 819,532 100.0 1,059,190 100.0 531,071 100.0 518,104 100.0 (i) (ii)(iii) (iv) (v) 521.6 819.51,059.242.8% 45.3% 43.6% 531.1518.1 45.2% 37.3%
MAP 5% 10% 15% 24% +/- 5% +/- 10% +/- 15% +/- 24% (1)... -/+15,345 -/+30,690 -/+46,035 -/+72,644... -/+24,620 -/+49,241 -/+73,861 -/+116,553... -/+31,706 -/+63,412 -/+95,117 -/+150,096... -/+15,972 -/+31,944 -/+47,916 -/+76,667... -/+15,306 -/+30,612 -/+45,918 -/+73,470 (1) 12 12 696.0 989.61,372.8 643.635.3% 871.057.2%54.7%
54.7% 56.4% MAP 54.8% 62.7% (i)map (ii) % % % % %... 7,678 0.6 8,980 0.5 18,374 0.8 1,222 0.1 9,909 0.7... 1,132 0.1 13,076 0.7 13,596 0.5 10,860 0.9 552 0.0... 55 0.0 (319) (0.0) (7,245 ) (0.3) (5,780 ) (0.5 ) (59) (0.0 )... 4,110 0.3 4,454 0.2 1,873 0.1 1,707 0.2 2,049 0.2... 211 0.0 1,138 0.1 1,159 0.1 887 0.1 81 0.0... (1,202 ) (0.1)... 695 0.1 1,000 0.1 305 170 0.0 476 0.0... 13,881 1.1 27,127 1.5 28,062 1.2 9,066 0.8 13,008 0.9
1.1 13.1 190.0470.0 10.9 0.6 470.0 4.5 1.9100.7 49.8 ERP
% % % % %... 103,060 8.5 125,930 6.9 179,438 7.4 80,674 6.9 110,646 8.0... 85,358 7.0 113,994 6.3 166,051 6.9 74,764 6.4 99,311 7.1... 10,996 0.9 28,407 1.6 49,332 2.0 18,390 1.6 29,704 2.1... 13,100 1.1 17,250 1.0 26,455 1.1 11,772 1.0 15,247 1.1... 21,606 1.8 28,381 1.6 22,286 0.9 10,609 0.9 12,774 0.9... 15,702 1.3 18,986 1.0 19,739 0.8 9,184 0.8 10,235 0.7... 33,366 2.7 41,947 2.3 64,668 2.6 26,338 2.2 34,020 2.5... 283,188 23.3 374,895 20.7 527,969 21.7 231,731 19.8 311,937 22.4 (i)(ii)(iii) (iv)(v) (vi) (vii) 283.2374.9528.0 23.3% 20.7% 21.7% 231.7311.9 19.8% 22.4% 8.5% 6.9% 7.4% 6.9% 8.0%
1.8% 1.6% 0.9% 0.9% % % % % %... 44,702 3.7 49,311 2.7 70,183 2.9 25,777 2.2 32,847 2.4... 8,983 0.7 8,848 0.5 11,669 0.5 5,450 0.5 6,275 0.5... 1,327 0.1 1,109 0.1 1,326 0.0 648 0.1 33 0.0... 24,588 2.0 32,112 1.8 41,546 1.7 18,958 1.5 22,778 1.6... 79,600 6.5 91,380 5.1 124,724 5.1 50,833 4.3 61,933 4.5 (i) (ii) (iii) (iv) 79.6 91.4124.7 6.5% 5.1% 5.1% 50.861.9 4.3% 4.5%
25.0% 25.1% 25.3% 26.1% 26.9% 25.4% 1,174.718.3% 1,389.1 563 716 MAP MAP985.725.0% 1,232.2 83.9% 88.7%
69.8 62.9% 113.7 MAP 531.1 2.4% 518.1 425.9 408.2 MAP 643.6 35.3% 871.0 54.8% 62.7%(i) MAP (ii) 9.1 42.9% 13.0(i) 8.7 (ii)5.8 10.3
231.7 34.6% 311.9 (i) 29.9(ii) 24.5 (iii) 11.3(iv)3.5 50.821.9% 61.9 (i) (ii) 4.3% 4.5% 370.137.9% 510.2 31.5% 36.7% 99.729.8% 129.4 26.9% 25.4% 1.4
270.4 40.8% 380.7 23.0% 27.4% 1,809.134.4% 2,432.0 222 MAP MAP1,264.664.7% 2,083.0 69.9% 85.7% 110.556.0% 172.4 MAP 819.529.2% 1,059.2 656.5845.5 MAP MAP 989.638.7% 1,372.854.7% 56.4%
27.13.7% 28.19.4 16.2 2.6 374.940.8% 528.0 (i) 52.1 (ii) 53.5 (iii) 20.9(iv)9.2 6.1 91.436.5%124.7 20.9 5.1% 550.435.9% 748.2 30.4% 30.8% 139.540.1%195.5 25.3% 26.1%
7.7 7.724.0 410.934.5% 552.722.7% 1,217.648.6% 1,809.1117 MAP MAP 460.0174.9%1,264.6 37.8% 69.9% 58.788.2%110.5 521.657.1% 819.5409.2 656.5 H7N9 33.164.6MAP
696.042.2% 989.657.2% 54.7% MAP 13.995.0% 27.111.9 1.3 1.2 283.232.4% 374.9 (i) 28.6(ii) 22.9(iii) 17.4 23.3% 20.7% 79.614.8% 91.4 4.66.5% 5.1% 347.158.6% 550.4 28.5% 30.4%
87.260.0%139.5 25.1% 25.3% 259.958.1% 410.9 21.3% 22.7% 36.863.882.385.8 1.25.95.44.0 0.2 0.60.60.1 12
... 253,669 473,824 624,432 335,681 438,579... (248,937) (382,478) (283,307) (34,875) (232,814)... (60,000) (64,317) (329,010) (300,000) (202,771)... (55,268) 27,029 12,115 806 2,994... 92,020 36,752 63,781 63,781 82,338... 6,442 450... 36,752 63,781 82,338 64,587 85,782 438.6 510.2 21.3 2.0 0.9 (i) 101.3(ii) 18.9(iii) 17.7 (iv) 7.7(v) 8.5(vi) 7.6 624.4 748.2 40.1 13.6
7.21.2 (i) 181.2 (ii) 81.8(iii) 67.8(iv) 11.7(v) 16.6 473.8 550.4 35.6 13.1 (i) 87.4(ii) 27.7(iii) 24.4(iv) 9.4(v) 9.1(vi) 8.9 253.7 347.1 30.4 4.1 (i) 84.0(ii)26.5(iii) 13.1 (iv) 12.8 232.8 (i)475.0(ii) 46.8 (i) 285.0(ii)1.0(iii) 2.0 283.3 (i) 1,410.1 15.5(ii)
163.2(iii) 27.6(iv) 4.5 1,305.1 382.5 (i) 1,634.0 17.5(ii) 92.2(iii) 18.0(iv) ERP 1.7 (i) 1,339.0(ii) 3.8(iii)2.0 248.9 (i) 1,095.0 5.2(ii) 48.7(iii) 18.3(iv) ERP 2.1(v) 1.6 (i) 910.0(ii) 1.3 202.8 329.0 300.0135.4 40.4146.8 64.3 60.0
110.495.7192.7 78.0... 91,967 95,642 160,661 77,564... 18,346 27,601... 82 70 4,463 446... 110,395 95,712 192,725 78,010 213.9809.0 1.4%... 12,826... 932,011... 944,837 65% 35%
55% 30% 15%... 1,667 25,924 13,669 9,780... 4,840 6,989 16,976 112,093... 6,507 32,913 30,645 121,873... 58,019 72,287 93,167 160,087... 112,980 122,607 146,511 172,230... 7,527 4,939 3,384 1,708... 178,526 199,833 243,062 334,025
... 57,332 66,233 134,073 115,207 152,607... 5,755 4,577 6,356 5,182 8,627... 234,768 540,690 78,075 251,533 424,890... 127 149 975 507... 70,000 85,000 100,000 125,000 135,000... 246 1,677 560 60 340... 1,167 5,877 5,417 4,030 9,513... 36,752 63,781 82,338 85,782 68,912... 406,147 767,835 406,968 587,769 800,396... 24,216 33,268 49,866 67,604 81,855... 115,740 143,056 218,984 236,243 229,114... 530 730 597 697 902... 202,771... 982 4,616 7,575... 24,253 67,897 68,125 99,334 126,121... 4,006... 165,721 253,573 547,918 403,878 437,992... 240,426 514,262 (140,950) 183,891 362,404 173.4 37.4 240.4514.3183.9
362.4 141.0 52.2318.7265.842.7 86.0100.7 49.874.5... 75 70 85 100... 500 236 455 280... (505) (221) (360) (255)... (80)... 70 85 100 125... 190 470 10... 595 1,398 955 195... (405) (1,118) (945) (30)... (470)... 190 470 10 175
141.0 324.9183.9 202.87.6 173.5 514.3 141.0 821.8 (i)473.0(ii) 215.6(iii)80.0 (iv)40.4 11 31 240.4 273.9514.3 280.0
... 31,401 32,582 104,890 88,002... 9,923 5,664 3,396 2,019... 11,999 21,874 19,069 16,552... 4,009 6,113 6,718 8,634... 57,332 66,233 134,073 115,207 57.3 66.2 134.1 72.3 134.1115.2 (1)... 30.8 27.5 34.5 43.3 (1) 365180 30.827.5
34.5 43.3 91.2 79.1% 72.663.0% 18.616.1% MAP MAP MAP... 1.3 1.4 1.9 2.4... 30.4 32.3 39.9 36.7 (1) 365180 MAP 1.9 2.4... 5,755 4,577 6,356 5,182...... 5,755 4,577 6,356 5,182
69 5.8 4.6 6.4 5.2... 5,755 4,574 6,281 5,057... 3 75 125... 5,755 4,577 6,356 5,182
(1)... 1.3 1.0 0.8 0.7 (1) 365180 5.299.4%... 30,284 43,296 45,065 50,590... 1,539 2,883 3,299 2,779... 2,882 13,263 6,324 1,937... 3,807 1,414 4,358 8,393. 867 867 867 867... 190,000 470,000 10,000 175,000... 5,389 8,967 8,162 11,967... 234,768 540,690 78,075 251,533
190.0 280.0470.0 470.0460.010.0 470.0 175.0 30.3 13.0 43.3 1.8 45.1 50.6 2.9 10.413.3 (i) (ii)
... 1,090... 246 587 560 60... 246 1,677 560 60 1.2 5.9POS POS 5.4 5.44.0 63.8 1.6 20.416.6 24.233.349.9 67.6 15
... 23,783 32,879 40,038 58,292... 376 34 7,407 8,999... 24 306 178... 33 49 2,421 135... 24,216 33,268 49,866 67,604 (1)... 16.7 12.8 14.3 20.4 (1) 365180 16.712.8 14.3 20.4
115.7143.1219.0 236.2... 7,219 18,022 35,245 43,341... 11,940 11,522 16,218 41,207... 5,981 1,524 1,921 3,895... 69,044 83,881 120,111 100,064... 8,588 15,888 25,066 23,754... 1,575 1,629 4,755 3,735... 11,393 10,590 15,668 20,247... 115,740 143,056 218,984 236,243 7.2 18.035.2 43.3 6.616.329.736.7
85.0153.6 246.9195.6... 3.9 (1) 6.6 16.3 29.7... 85.0 153.6 246.9 195.6... (82.3) (143.9) (233.5) (188.6)... 6.6 16.3 29.7 36.7 (1) 6.0 1.5 1.9 3.9 30.6 46.9 65.466.8 8.6 15.9 25.1 23.8
200.0
... 57.2% 54.7% 56.4% 54.8% 62.7%... 21.3% 22.7% 22.7% 23.0% 27.4% (1)... 34.2% 34.5% 57.8% 22.0% 31.9% (2)... 44.8% 44.6% 143.6% 30.3% 49.6% (3)... 2.5 3.0 0.7 2.3 1.5 (4)... 2.1 2.8 0.5 2.1 1.2 (5)... (1) 100% (2) 100% (3) (4) (5) 34.2% 34.5% 34.5% 57.8% 22.0% 31.9% 11 31 44.8% 44.6% 143.6% 537.2 30.3% 49.6%
2.5 3.0 3.0 0.7 2.3 1.5 11 31 2.1 2.8 2.8 0.5 2.11.2 11 31 1.6 20.416.6
... 18,843 48,761 67,604... 87,838 5,000 7,000 99,838 106,681 48,761 5,000 7,000 167,442... 9,828 40,038 49,866... 7,575 7,575... 63,629 7,000 70,629... 202,771 202,771 283,803 40,038 7,000 330,841
... 389 32,879 33,268... 4,616 4,616... 41,153 41,153... 4,006 4,006 50,164 32,879 83,043... 433 23,783 24,216... 982 982... 39,477 39,477 40,892 23,783 64,675
68.3300.0 30% 17.514.0 3.5 10028.9 71.1 145.7 4.29
(1) (2) (3) (4) 5.80... 759,961 2,012,089 2,772,050 1.20 1.39 7.80... 759,961 2,723,232 3,483,193 1.50 1.74 (1) 767,081,0007,120,000 (2) 5.80 7.80 424,470,000 (3) 2,319,470,000 5.80 2,319,470,000 7.80 (4) 1.00 0.8610 (5)
208.5... 200,796... (916)... 12,388... (3,768)... 208,500 13.13 13.19 13.13 13.19
6.80 2,749.9 6.80 421.2 7.80 (i) 413.0(ii) 474.9 5.80 (i) 413.0(ii) 474.9 6.80 2,749.9 (i) 35.0% 962.4 5.0% 137.4 10.0% 275.0
20.0% 550.0 (ii) 15.0% 412.5 5.0% 137.5 10.0% 275.0 187180 (iii) 12.0% 330.0 6.0% 165.0 6.0% 165.0 (iv) 10.0% 275.0 6.0% 165.0 (a) (b) (c)(d) (e) 4.0% 110.0 (a) (b)(c)
(v) 10.0% 275.0 (vi) 8.0% 220.0 4.5% 123.8 ERP 3.5% 96.2 (vii) 10.0% 275.0
42,447,000 382,023,000
(1) (a) (b) (c) (d) (e)
(f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (p)
(q) (A) (B) (C) (D) (2) (a)
(b) (c) (d) (e) (f) (g) (h) (i) (j)
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(i) (ii) 2.07C (A) (i) (ii) (iii) (i) (ii)
(iv) (i) (ii) (iii) (i) (ii) (iii) (i) (ii) (iii) (B) 155 (i) BVI Holdco I (a) (b) (c) (a) (b)
(d)(a) (b) (c) (a) (b) (c) (ii) (a) (b) (c) (C) Tiantu Investments Rosy Result Tiantu Investments Rosy Result Tiantu Investments Rosy Result (i) Tiantu Investments Rosy Result Tiantu Investments Rosy Result Tiantu Investments Rosy Result Tiantu Investments Rosy Result (ii) (iii) (i) (ii) (iv) (i) (ii) (iii)
(i) (ii) (iii) Tiantu Investments Rosy Result Tiantu Investments Rosy Result Tiantu Investments Rosy Result (i) (ii) (iii)
30 63,670,500 15% 2.7% 0.0027% 0.005% 136.56.80 3A.07
(a) (b)
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18 4.2 15 42,447,000 10% 1550 127,341,000 30% 50100 169,788,00040% 100 212,235,000 50%
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2410 II 2.1
I.... 6 1,217,577 1,809,082 2,432,009 1,174,692 1,389,135... (521,581) (819,532) (1,059,190) (531,071) (518,104)... 695,996 989,550 1,372,819 643,621 871,031... 6 13,881 27,127 28,062 9,066 13,008... (283,188) (374,895) (527,969) (231,731) (311,937)... (79,600) (91,380) (124,724) (50,833) (61,933)... 7 347,089 550,402 748,188 370,123 510,169... 10 (87,161) (139,495) (195,450) (99,677) (129,430)... 259,928 410,907 552,738 270,446 380,739... 259,928 410,907 552,738 270,446 380,739... 3,083 3,341 1,405 1,280 1,537... (3,083) (3,341) (1,405) (1,280) (1,537)... 7,690 1,360... 7,690 1,360... 259,928 410,907 560,428 270,446 382,099... 259,928 410,907 560,428 270,446 382,099... 13... 13
... 14 243,440 296,914 395,373 452,056... 15 40,901 40,034 66,768 66,334... 16 17,676 31,958 16,157 10,315... 17,528 26,923 38,586 43,243... 17 1,554 3,773 7,374 7,120... 27 33,416 24,931 24,842 27,891... 354,515 424,533 549,100 606,959... 19 57,332 66,233 134,073 115,207... 20 5,755 4,577 6,356 5,182... 21 234,768 540,690 78,075 251,533... 35(c)(i) 127 149 975... 22 70,000 85,000 100,000 125,000... 23 246 1,677 560 60... 23 1,167 5,877 5,417 4,030... 24 36,752 63,781 82,338 85,782... 406,147 767,835 406,968 587,769... 25 24,216 33,268 49,866 67,604... 26 115,740 143,056 218,984 236,243... 28 530 730 597 697... 35(c)(ii) 202,771... 35(c)(iii) 982 4,616 7,575... 24,253 67,897 68,125 99,334... 12 4,006... 165,721 253,573 547,918 403,878... 240,426 514,262 (140,950) 183,891... 594,941 938,795 408,150 790,850. 26 7,000 7,000... 28 15,361 16,631 16,168 16,769... 15,361 16,631 23,168 23,769... 579,580 922,164 384,982 767,081... 29 6 6... 30 579,580 922,164 384,976 767,075... 579,580 922,164 384,982 767,081
* * * * *... 235,110 9,450 75,092 319,652... 259,928 259,928... 24,531 (24,531)... 235,110 33,981 310,489 579,580... 410,907 410,907... 19,262 (14,721) (4,541)... 12 (68,323) (68,323)... 9,554 (9,554)... 254,372 28,814 638,978 922,164... 552,738 552,738... 7,690 7,690... 7,690 552,738 560,428... 12 (300,000 ) (300,000 )... 29 6 146,805 146,811... 12,500 (12,500)... 11 (131,782) (30,421) (659,628 ) (821,831 )... (122,590) (122,590 )... 52,954 (52,954)... 6 146,805 12,500 38,847 7,690 179,134 384,982... 380,739 380,739... 1,360 1,360... 1,360 380,739 382,099... 6 146,805 12,500 38,847 9,050 559,873 767,081... 254,372 28,814 638,978 922,164... 270,446 270,446... 12 (300,000 ) (300,000 )... 12,500 (12,500)... 22,388 (22,388)... 266,872 38,702 587,036 892,610 579,580,000922,164,000384,976,000 767,075,000
... 347,089 550,402 748,188 370,123 510,169... 29,568 34,450 38,233 18,373 20,139... 562 867 867 434 434... 225 259 957 355 700... (211) (1,138) (1,159) (887) (81)... (4,110) (4,454) (1,873) (1,707) (2,049)... (1,132) (13,076) (13,596) (10,860) (552)... (55) 319 7,245 5,780 59... 1,202... 1,248 910... (530) (530) (596) (365) (299) 371,406 568,301 779,514 381,246 529,430... (246) (1,431) 1,117 901 500... (637) (4,710) 460 1,754 1,387... (2,683) 1,178 (1,779) (3,273) 1,174... (13,106) (24,399) (405) (3,981) (8,458)... 1,060 127 (149) (900) (826)... (4,554) (9,395) (11,663) (4,556) (4,657)... (26,540) (8,901) (67,840) 4,239 18,866... 734 9,052 16,598 23,952 17,738... 12,788 27,734 81,849 20,718 (7,730)... (571) 3,634 7,959 1,824 (7,575)... 337,651 561,190 805,661 421,924 539,849... (83,982) (87,366) (181,229) (86,243) (101,270)... 253,669 473,824 624,432 335,681 438,579
... (48,686) (92,247) (163,223) (73,078) (46,775). (18,000) (2,601)... 1,325 3,789 394 394 683... (18,346) (27,601) (27,601)... (2,074) (1,688) (4,505) (443) (404)... 4,110 4,454 1,873 1,707 2,049... 1,132 13,076 13,596 10,860 552... (1,609)... (500,000) (236,000) (455,100) (265,000) (280,000)... (595,000) (1,398,000) (955,000) (805,000) (195,000)... 211 1,138 1,159 887 81... 2,000 1,000... 505,000 221,000 360,100 350,000 255,000... 405,000 1,118,000 945,000 775,000 30,000... (248,937) (382,478) (283,307) (34,875) (232,814)... (60,000) (64,317) (300,000) (300,000)... (135,377) (202,771)... (40,444)... 146,811... (60,000) (64,317) (329,010) (300,000) (202,771)... (55,268) 27,029 12,115 806 2,994... 92,020 36,752 63,781 63,781 82,338... 6,442 450... 36,752 63,781 82,338 64,587 85,782
... 18 146,806 146,806... 146,806 146,806... 21 597... 24 622 972... 622 1,569... 649 2,652... 649 2,652... (27) (1,083)... 146,779 145,723... 146,779 145,723... 6 6... 146,773 145,717... 146,779 145,723
II. 1. Intertrust Corporate Services (Cayman) Limited 190 Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands (1) 100 0.5 (1) 100 62.5
(1) 100 0.5 (1) 100 10 (1) 100 0.5 (1) 100 0.5 (1) 100 2.01 (1) 100 2 (1) 100 5 (1) 100 1 (1) 100 1
(1) 100 20 (1) 100 0.5 (2) 100 (2) 100 5 (2) 100 10 (2) 100 (3) 100 0.5 (6) 1 100 (4) 5,000 100
(3) 100 10 (3) 100 80 (2) 100 1 (3) 100 (5) 100 (5) 100 (5) 100 (1) (2) (3)
(4) (5) (6) 2.1 821,831,000 2.2
2.1 (a) (b) (c)
(i) (ii)(iii)(i) (ii) (iii) 3.1 9 2 15 2 16 3 2 2 15 15 2 7 1 12 1 1 2 3 9 15 16 9 9 939 9
39 9 39 9 9 9 15 15 (1)(2) (3)(4) (5) 15 15 3.2 15
16 3.2 33(b)16 12 178,526,000199,833,000 243,062,000303,715,000 33(b)2.7 3.2
(a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii)
5... 3.2% 33.3%... 9.5% 31.7%... 9.5% 40.7%... 19.0%... 9.5% 31.7%... 17.9% 33.3%
3 10 10
(a) (b)
(a) (b)
(a) (b)
4.
33,416,00024,931,000 24,842,00027,891,000
5. 95%8 10% 8 6.... 461,851 155,352... 280,161 367,484 314,880 170,572 138,535... 459,972 1,264,589 2,082,982 985,695 1,232,220... 15,593 21,657 34,147 18,425 18,380... 1,217,577 1,809,082 2,432,009 1,174,692 1,389,135 *... 7,678 8,980 18,374 1,222 9,909... 211 1,138 1,159 887 81... 4,110 4,454 1,873 1,707 2,049... 1,132 13,076 13,596 10,860 552... 55 (319) (7,245) (5,780) (59)... (1,202)... 695 1,000 305 170 476... 13,881 27,127 28,062 9,066 13,008 *
7.... 448,359 721,767 931,550 467,428 415,668... 29,568 34,450 38,233 18,373 20,139... 562 867 867 434 434... 225 259 957 355 700... 1,590 1,442 1,586... 106,630 130,113 186,538 84,141 114,529 8... 127,168 161,175 238,866 98,410 135,159... 25,894 38,780 49,561 25,923 20,387... 10,610 12,121 18,447 7,583 10,059... 21,606 28,381 22,286 10,609 12,796... 8,942 12,807 13,908 7,982 7,247... 14,080 16,922 20,832 8,791 9,156... (55) 319 7,245 5,780 59... 1,202... 1,248 910... (211) (1,138) (1,159) (887) (81)... (4,110) (4,454) (1,873) (1,707) (2,049)... (1,132) (13,076) (13,596) (10,860) (552)... 26,259 31,359 42,912 20,886 24,681
8....... 2,264 2,264 2,525 1,262 2,101... 1,491 1,296 3,017 21... 110 110 350 167 170 3,865 3,670 5,892 1,450 2,271 (a)
(b)... 674 720 1,227 209 534... 910 997 1,494 362 533... 433 413 990 305 400... 699 819 1,089 287 402... 1,149 721 1,092 287 402 3,865 3,670 5,892 1,450 2,271 9.... 3 3 3 4 4... 2 2 2 1 1 5 5 5 5 5... 1,109 1,109 1,741 309 920... 915 422 953... 44 44 109 11 34 2,068 1,575 2,803 320 954
1,000,000... 1 1 1,000,001 1,500,000... 1 1 1 1 1,500,001 2,000,000... 1 2,000,001 2,500,000... 1 2 2 2 1 1 10.... 80,863 131,010 195,363 100,484 132,479 27... 6,298 8,485 87 (807) (3,049)... 87,161 139,495 195,450 99,677 129,430
25% 16.5%... 347,089 550,402 748,188 370,123 510,169 25%... 86,772 137,601 187,047 92,531 127,542... 593 1,900 657 198 466... 7,020 6,897... 730 1,315... (171) (155) (64)... (33) (168) 105 105 93... 162 46 10 14... 87,161 139,495 195,450 99,677 129,430 25.11% 25.34% 26.12% 25.37%
11. 1 2.1... 40,444 31... 781,387 821,831 12.... 68,323 300,000 300,000 13. 2.1 2.2
14.... 116,334 23,279 17,595 6,437 5,307 32,109 5,213 206,274... (4,490) (2,059) (4,364) (2,670) (1,267) (9,113) (23,963)... 111,844 21,220 13,231 3,767 4,040 22,996 5,213 182,311... 111,844 21,220 13,231 3,767 4,040 22,996 5,213 182,311... 53,184 2,882 8,338 3,370 1,075 9,149 13,969 91,967... (8,843) (2,678) (3,489) (1,465) (1,119) (11,974) (29,568)... (72) (994) (119) (85) (1,270)... 4,060 (4,060)... 2,084 7,967 400 350 (10,801)... 162,329 29,319 17,486 5,553 3,911 16,461 8,381 243,440... 184,343 34,009 23,567 9,397 6,091 36,234 8,381 302,022... (22,014) (4,690) (6,081) (3,844) (2,180) (19,773) (58,582)... 162,329 29,319 17,486 5,553 3,911 16,461 8,381 243,440... 162,329 29,319 17,486 5,553 3,911 16,461 8,381 243,440... 13,799 14,195 11,846 5,539 2,215 13,256 34,792 95,642... (8,377) (4,269) (5,129) (2,165) (1,268) (13,242) (34,450)... (2,347) (378) (937) (426) (11) (9) (4,108)... 1,928 7,433 (9,361)... (3,610) (3,610)... 167,332 46,300 23,266 8,501 4,847 16,466 30,202 296,914... 197,038 55,168 34,127 13,969 8,288 49,481 30,202 388,273... (29,706) (8,868) (10,861) (5,468) (3,441) (33,015) (91,359)... 167,332 46,300 23,266 8,501 4,847 16,466 30,202 296,914
... 167,332 46,300 23,266 8,501 4,847 16,466 30,202 296,914... 9,265 3,568 11,075 2,955 1,717 14,419 117,662 160,661... (9,115) (5,122) (6,534) (2,687) (1,223) (13,552) (38,233)... (386) (1,052) (3,579) (85) (1,912) (625) (7,639)... (14,966) (74) (137) (979) (61) (16,217)... 325 (6,636) 700 105 234 5,272... (113) (113)... 995 5,390 789 1,229 881 (9,284)... 153,450 42,448 25,643 9,881 3,565 16,647 143,739 395,373... 190,707 54,114 40,450 13,992 6,276 47,209 143,739 496,487... (37,257) (11,666) (14,807) (4,111) (2,711) (30,562) (101,114)... 153,450 42,448 25,643 9,881 3,565 16,647 143,739 395,373... 153,450 42,448 25,643 9,881 3,565 16,647 143,739 395,373... 1,732 3,312 3,095 1,614 1,157 5,472 61,182 77,564... (5,240) (3,031) (3,863) (1,578) (619) (5,808) (20,139)... (599) (143) (742)... 2,495 659 (3,154)... 149,942 45,224 24,935 9,917 4,103 16,168 201,767 452,056... 192,391 59,921 43,304 15,606 7,433 48,770 201,767 569,192... (42,449) (14,697) (18,369) (5,689) (3,330) (32,602) (117,136)... 149,942 45,224 24,935 9,917 4,103 16,168 201,767 452,056 2,185,000 70,324,000
7,000,000 7,218,0007,088,000 15.... 23,984 41,768 40,901 67,635... 18,346 27,601... (562) (867) (867) (434)... 41,768 40,901 67,635 67,201... (867) (867) (867) (867)... 40,901 40,034 66,768 66,334 50 22,483,000 16.... 11,520 7,567 4,324 4,324... 500 18,500... 42... 5,656 5,891 11,791 5,991 17,676 31,958 16,157 10,315
17.... 2,006... (309)... 1,697... 1,697... 82... (225)... 1,554... 2,088... (534)... 1,554... 1,554... 70... 3,610... (259)... (1,202)... 3,773... 3,918... (145)... 3,773
... 3,773 3,773... 1,291 2,169 1,003 4,463... 113 113... (949) (8) (957)... (18) (18)... 4,210 2,169 995 7,374... 4,987 2,169 1,003 8,159... (777) (8) (785)... 4,210 2,169 995 7,374... 4,210 2,169 995 7,374... 446 446... (650) (50) (700)... 4,006 2,169 945 7,120... 5,433 2,169 1,003 8,605... (1,427) (58) (1,485)... 4,006 2,169 945 7,120 13% 6%
2,169,000 18.... 146,806 146,806 1 19.... 31,401 32,582 104,890 88,002... 9,923 5,664 3,396 2,019... 11,999 21,874 19,069 16,552... 4,009 6,113 6,718 8,634 57,332 66,233 134,073 115,207 20.... 5,755 4,577 6,356 5,182... 5,755 4,577 6,356 5,182
3... 5,755 4,574 6,281 5,057 3... 3 75 125 5,755 4,577 6,356 5,182 21.... 30,284 43,296 45,065 50,590... 1,539 2,883 3,299 2,779... 2,882 13,263 6,324 1,937... 3,807 1,414 4,358 8,393. 867 867 867 867... 190,000 470,000 10,000 175,000... 5,389 8,967 8,162 11,967 234,768 540,690 78,075 251,533... 597
22.. 70,000 85,000 100,000 125,000 23.... 1,090... 246 587 560 60... 246 1,677 560 60... 1,167 5,877 5,417 4,030
24.... 36,752 63,781 82,338 85,782... 622 972 1,591,00020,382,000 16,565,000
25. 3... 23,783 32,879 40,038 58,292 3 6... 376 34 7,407 8,999 6... 24 306 178 12... 33 49 2,421 135 24,216 33,268 49,866 67,604 26.... 7,219 18,022 35,245 43,341... 11,940 11,522 16,218 41,207... 5,981 1,524 1,921 3,895... 69,044 83,881 120,111 100,064... 8,588 15,888 25,066 23,754... 1,575 1,629 4,755 3,735... 11,393 10,590 15,668 20,247 115,740 143,056 218,984 236,243... 7,000 7,000 115,740 143,056 225,984 243,243
27.... 8,256 20,315 6,015 4,105 1,023 39,714 10... (1,459) (6,772) 2,282 (132) (217) (6,298)... 6,797 13,543 8,297 3,973 806 33,416 10)... (6,413) (6,772) 4,203 367 130 (8,485)... 384 6,771 12,500 4,340 936 24,931 10)... 2,702 (6,771) 4,078 (149) 53 (87)... (2) (2)... 3,086 16,578 4,191 987 24,842 10... (418) 3,234 175 58 3,049... 2,668 19,812 4,366 1,045 27,891
197,000 1,026,000517,000434,000 10% 10% 361,437,000687,245,000277,791,000672,360,000 28.... 15,361 16,631 16,168 16,769... 530 730 597 697 15,891 17,361 16,765 17,466
... 15,891 530 16,421... (530) 530... (530) (530)... 15,361 530 15,891... 15,361 530 15,891... 2,000 2,000... (730) 730... (530) (530)... 16,631 730 17,361... 16,631 730 17,361... (463) 463... (596) (596)... 16,168 597 16,765... 16,168 597 16,765... 1,000 1,000... (399) 399... (299) (299)... 16,769 697 17,466 29. 50,000,000,000 0.000001... 306 306 1,000,000,000 0.000001... 6 6 50,0005,000,0000.01 0.011
99,9990.01 24024,000,000146,811,000 24,000,0001,000 0.01 0.000001 10,00050,000 0.000001 50,000,000,000 1,0000.000001 1,000,000,000 30. (a) 2.1 10% 50% 25%
(b)... 15 (47) (32)... 146,805 146,805... 146,805 15 (47) 146,773... (13) (1,043) (1,056)... 146,805 2 (1,090) 145,717 31. 14... 16,217... 23,101 17... 18 (a)... 473,020 (b)... 215,558... 80,000... 807,914... 5,000... 3,617... 13,904... 4,006... 26,527... 781,387
(a)... 470,000... 3,020 473,020 (b) 32. 33. a)... 1,667 25,924 13,669 10,151... 4,840 6,989 16,976 2,675 6,507 32,913 30,645 12,826 b)
... 58,019 72,287 93,167 117,608 )... 112,980 122,607 146,511 183,651... 7,527 4,939 3,384 2,456 178,526 199,833 243,062 303,715 34. 14 15 23 35. a)......
b) (i)... 1,699 1,777 1,963 889 982 (ii)... 3,172 (i) 45 551 3 (ii) 2,169,000 1,003,000 c) (i)... 127 149 975
(ii)... 202,771 (iii)... 982 4,616 7,575 116,000 226,000 982,0004,500,000 7,349,000 d)... 5,742 5,009 7,521 1,785 3,032... 176 176 532 269 272 5,918 5,185 8,053 2,054 3,304 8
36.... 5,182 5,182... 186,967 186,967... 43,243 43,243... 125,000 125,000... 975 975... 60 60... 4,030 4,030... 85,782 85,782 326,239 125,000 451,239... 67,604... 99,838 167,442
... 6,356 6,356... 18,162 18,162... 38,586 38,586... 100,000 100,000... 149 149... 560 560... 5,417 5,417... 82,338 82,338 151,568 100,000 251,568... 49,866... 70,629... 202,771... 7,575 330,841... 4,577 4,577... 478,967 478,967... 26,923 26,923... 85,000 85,000... 1,677 1,677... 5,877 5,877... 63,781 63,781 581,802 85,000 666,802
... 33,268... 41,153... 4,616... 4,006 83,043... 5,755 5,755... 195,389 195,389... 17,528 17,528... 70,000 70,000... 127 127... 246 246... 1,167 1,167... 36,752 36,752 256,964 70,000 326,964... 24,216... 39,477... 982 64,675
37. 2 1 2 3 38.
1.6 20.416.6... 18,843 48,761 67,604... 87,838 5,000 7,000 99,838 106,681 48,761 5,000 7,000 167,442
... 9,828 40,038 49,866... 7,575 7,575... 63,629 7,000 70,629... 202,771 202,771 283,803 40,038 7,000 330,841... 389 32,879 33,268... 4,616 4,616... 41,153 41,153... 4,006 4,006 50,164 32,879 83,043... 433 23,783 24,216... 982 982... 39,477 39,477 40,892 23,783 64,675
39.
(A) 4.29 1 2 3 4 5.80... 759,961 2,012,089 2,772,050 1.20 1.39 7.80... 759,961 2,723,232 3,483,193 1.50 1.74 1. 767,081,0007,120,000 2. 5.80 7.80 424,470,000
3. 2,319,470,000 5.80 2,319,470,000 7.80 4. 1.00 0.8610 5.
(B) 1 22 A A 4.29 7
1 4.29(7) 3420 4.29 7
(a) (b) (c) 4.29(1)
1 16
12
72 MSc, MHKIS 29
(%) 1. 95,400,000 100 95,400,000 95,400,000 2. 113,100,000 100 113,100,000 113,100,000 208,500,000
1. 95,400,000 42,216.15 44,987.23 100% 95,400,000 (1) 1,255.09 6,034.18 6,034.18 601.26 39.69 31,022.83 44,987.23 50 (1) (2) (2010)070701788 42,216.15
(3) 44,987.23 2015007164 1 1,255.09 2015007165 4 6,034.18 2015007166 4 6,034.18 2015007167 4 31,022.83 2015007162 1 39.69 2015007163 1 601.26 44,987.23 (4) 420112201000010 42,216.15 (5) 43,038.98 420112201000115 42,267.63 420112201000116 771.35 43,038.98
(6) 43,038.98 4201122010041300714BJ4001 42,267.63 4201122010092000114BJ4001 771.35 43,038.98 (7) 42,905.38 09-13-0315 1 1,300.69 09-13-0316 4 6,061.72 09-13-0317 4 6,061.72 09-13-0318 4 28,843.50 09-13-0319 1 38.94 09-13-0320 1 598.81 42,905.38 (8) 91420112691891139B 62,500,000 (9) (i) (ii) (iii)
(10) (11) 391 408430
2. 2 113,100,000 53,556.76 42,426.90 100% 113,100,000 (1) 27,059.75 699.63 7,369.00 6,192.00 1,056.52 1 25.00 2 25.00 42,426.90 50 (1)
(2) 2 (2012) 070701787 11,812.60 (2013) 070701787 41,744.16 53,556.76 (3) 253,556.76 420112201200038 11,812.60 420112201300097 41,744.16 53,556.76 (4) 420112201300167 42,426.90699.63 (5) 4201122013110800214BJ4001 27,759.38699.63 (6) 72,000,000 (7) 91420112691891139B 62,500,000 (8) (i) (ii) (iii)
(9) (10) 396 408430
1. (a) (b) 2. (a) (i) (ii)
(iii) (a) (b) (c) (d) (e) (f) (g)(h) (iv)
30 (v) (vi) (vii) 20
20 14 14 20 (b) (i)
(aa) (bb) (cc) (dd) (ee) (ff) (gg) (hh)
(ii) (iii)
(iv) (v)
(vi) (vii) (viii)
(aa) (bb) (cc) (dd) (i) (ii) (ee) (c)
(d) (e) (i) 15 (ii) (a) (b)
(A) (B) (C) (iii) 15 (iv) 21 14
(i) (ii) 95% (v) (vi)
(f) 21 21 21
(g) (i) (ii) (iii) (aa) (bb)
20 (h) (i) 3(f) (j)
(i) (ii) (k) 3. (a)
(b) (i) (ii) (iii) 37 (iv) (v) (c) (d)
37A(1)(a) 37A(1)(b) (e) (f) Foss v. Harbottle
(g) (h) (i)(ii) (iii) (Tax Information Authority)(Tax Information Authority Law) 2013 (i)
(j) (Tax Concessions Law) 2011 6 (i) (ii) (aa) (bb) 2011 6(3) 20 (k) (l) (m) (n)
2013 (o) 30 (p) (i)(ii)(iii) (i)
(ii) (q) 75% (r) 90% (s)
A. 1. 28 1816 2. 50,0005,000,000 0.01 Walkers Nominees Limited 0.01 0.01 BVI Holdco I BVI Holdco I BVI Holdco II BVI Holdco III BVI Holdco IV Tiantu Investments Rosy Result62,839 1,7147,20013,1369,6515,459 0.01 0.000001 10,000 50,0000.000001 50,000,000,000 2,319.472,319,470,0000.000001 47,680,530,0000.000001
3. 3. (a) 0.01 0.000001 10,000 50,000 0.000001 50,000,000,000 (b) (c) 895 895,000,000 (d) (1)(2) (3) (i) (ii)
(iii) (iv) (a) (b) (c) (d) (1) 20% (2) (vi) (v) 10% (vi) (iv) (v) 10%
4. 5. 50,000,000 62,500,000 500,000 5,000,000 1,000,000 5,000,000 2,010,000 5,000,000 500,000 5,000,000 500,000 5,000,000 500,000 5,000,000 1,000,000 5,000,000 2,000,000 5,000,000
2,000,000 5,000,000 500,000 5,000,000 1,000,000 5,000,000 500,000 5,000,000
7. (a) (i) 10% (ii)
(iii) 10%30 5% (iv) (v) (a) (b) (vi) 30
(vii) (b) (c) (d) 2,319,470,000 231,947,000 (i) (ii)
(iii) 26 25% 8.08 B. 1. (a)
(b) (c) 2. (a) 1 16 7942509 2 25 7942528 3 29 7936086 4 29 13015838 5 30 13017215 6 35 7936081 7 40 14599841 8 42 14599844 9 43 7932835
10 29 14599830 11 35 14599836 12 29 6036810 13 43 6036809 14 29 6313764 15 29 6313769 16 29 6716522 17 30 6716520 18 35 6716517 19 40 6716515 20 43 6716511 21 29 6716524
22 30 6716519 23 35 6716518 24 40 6716514 25 43 6716512 26 29 6720418 27 29 7221911 28 30 7221910 29 31 7221909 30 35 7221908 31 40 7221907 32 43 7221906 33 29 7525983 34 30 7526035
35 29 7932855 36 30 6313767 37 31 6313768 38 35 7936074 39 40 6313765 40 43 6313766 41 29 7986032 42 29 9008156 43 30 9013046 44 35 9013160 45 29 9331306 46 35 9331355 47 43 9331399
48 29 9331176 49 35 9331225 50 43 9331263 51 29 9331290 52 35 9331343 53 43 9331382 54 29 9938092 55 35 9942682 56 43 9942748 57 29 9938108 58 35 9942701 59 29 10063414 60 35 10063533 61 43 10063627
62 29 10063448 63 35 10063552 64 29 10063493 65 35 10063591 66 35 9938144 67 43 9942739 68 35 10063569 69 29 9307251 70 43 9307310 71 29 13403628 72 35 13403627 73 32 8592945 74 35 8592943 75 35 4556063
76 40 5252365 77 35 4685626 78 35 6323176 79 35 7927364 80 43 7927382 81 35 7932634 82 43 7932652 83 35 9646983 84 40 9646889 85 41 9646942 86 43 9646718 87 30 13402950 88 32 13403625
(b) 1 2 3 4 5 6 7 hbzhouheiya.com 8 chinazhouheiya.com 9 hbzhouheiya.com.cn 10 zhouheiya.cn 11 zhouheiya.biz 12 zhouheiya.co 13 zhouheiya.me 14 zhouheiya.name 15 zhouheiya.net.cn 16 zhouheiya.org.cn 17 zhouheiya.so 18 zhouheiya.tel 19 zhouheiya.tv 20
21 22 23 zhouheiya.tm 24 25 26 zhy.ac.cn 27 zhy.org.cn 28 zhy.hk 29 zhy.asia 30 zhy.so 31 zhy.la 32 zhy.mobi 33 34 35 36 zhouheiya.la 37 zhouheiya.pw 38 zhouheiya.ac.cn
(c) 1 MicroGARD 730 201310731000.4 2 201310730998.6 3 201110072063.4 4 201420597921.6 5 201420596147.7 6 201520466274.X 7 201520369097.3 8 201330231069.1 9 201430294129.9 10 201430244208.9
11 201430294106.8 12 201430294108.7 13 201430294109.1 14 201430294119.5 15 201430294095.3 16 201330522164.7 17 201430294110.4 18 201430294116.1 19 201410617505.2 20 201430294120.8 21 201430294123.1 22 201430294125.0 23 201430294126.5 24 201430294130.1 25 201430294136.9
26 201430294139.2 27 201430294143.9 28 201430294434.8 29 201430294127.X 30 201430294137.3 31 201430294144.3 32 201430294433.3 33 201430308086.5 1 201410633426.0
C. 1. (a) XVXV7 8 352 (1)... (3) 1,472,225,500 (2) 63.47 (1) (2) (3) (b) XV2 3
10% 2. 3. 3,865,0003,670,000 5,892,0002,271,000 3.8 4. 5. (i) (ii)
(iii) 6. (a) XVXV78 352 (b) XV23 10% (c) D.5. (d) D.
(e) D.5. (i) (ii) (f) (g) 5%
D. 1. 2. 3. 3A.07 500,000 4.
5............. Walkers......... 1 45 69 1 2 4 56 6. D.5. 7.
8. 10,000 9. 44A 44B 10. 32L 4 11. (a) (i) (ii) (iii)
(iv) (v) (vi) (vii) (b) (i) (ii) 12 (iii) (c)
1. (a) (b) B.1. (c) D.6. 2. 14 335 (a) (b) (c) (d) (e) (f) (g)
(h) Walkers (i) B.1. (j) D.6. (k) C. 2. (l)
Zhou Hei Ya International Holdings Company Limited