MEXAN LIMITED 2016

www.mexanhk.com 18322 is-ecom@hk.tricorglobal.com

02 03 04 06 21 31 33 34 36 37 39 87 88 01

111 25 Clarendon House Church Street Hamilton HM11 Bermuda 1 MUFG Fund Services (Bermuda) Limited 26 Burnaby Street Hamilton HM 11 Bermuda 183 22 www.mexanhk.com 22 02

800 129,274 132,211 163,465 143,660 4,547 5,253 5,199 5,376 391 366 396 398 134,212 137,830 169,060 149,434 03

800 98% 59,000,000 121,000,000 13,000,000 24,000,000 422,000,000386,000,000 14%31% 11%25% 9,000,000 50,000,000 04

422,000,000 386,000,000 423,000,000388,000,000 119125 410,959,000473,495,000 58,959,000 121,495,000 05

(a) (b) (c) A.2.1 A.2.1 A.2.7 A.4.2 A.4.2 06

(d) A.6.7 07

3.13 08

4 4 4 4 4 4 4 4 4 4 4 4 09

A, B A, B A, B A, B A, B A, B A B 10

2 2 2 2 2 2 11

(a) (b) (c) (d) (e) (f ) 12

2 2 2 2 2 2 2 2 B.1.4 13

(a) (b) (c) (d) (i) (ii) (iii) (iv) (v) (vi) 14

(e) (d)(i) (ii) (f ) (g) (h) (i) (j) (k) (l) (m) (n) 15

(o) (p) (q) 2 2 2 2 2 2 C.3.4 16

(a) (b) (c) (d) (e) (f ) 1 1 1 1 1 1 17

550,000 18

(i) (ii) (iii) 2021 19

3.29 20

26 7 5 34 5 81 8530 33 34 35 3738 40,175,00043,226,000 21

21 36 22 87 14 88 20 22

31% 93% 53% 72% 5% 23

87 A.4.2 A.4.2 3.13 24

46 University of Reading 74 25

44 University of Reading 65 Bulacan State University 49 69 26

352 XV (i) 0.02 (%) 723,148,037 55.16 723,148,037 Winland Wealth (BVI) Limited Winland Wealth (BVI) LimitedWinland Stock (BVI) Limited Winland Wealth (BVI) Limited 723,148,037 27

28

XV2 3 336 0.10 (%) Winland Wealth (BVI) Limitedi 723,148,037 i 55.16 Winland Stock (BVI) Limitedii 723,148,037 ii) 55.16 i. Winland Stock (BVI) LimitedWinland Wealth (BVI) Limited 723,148,037 ii. Winland Wealth (BVI) Limited Winland Stock (BVI) Limited723,148,037 24 29

30

33 86 90 31

P05309 32

7 134,212 137,830 (24,926) (26,370) 109,286 111,460 7 1,205 672 (44,724) (45,810) (19,141) (19,055) 8 (1,001) (1,312) 9 45,625 45,955 10 (10,022) (10,064) 35,603 35,891 35,759 36,047 27 (156) (156) 35,603 35,891 12 2.73 2.75 33

14 494,804 512,025 15 679 1,846 16 9,433 9,735 17 1,350 1,350 506,266 524,956 18 140 145 19 11,914 7,095 24(b) 38 58 3,307 12,745 24,422 24,837 35,027 31,071 36,291 24(b) 6,414 6,414 24(b) 5 20 58,959 121,495 2,250 98,694 164,205 (73,857) (129,178) 432,409 395,778 34

432,409 395,778 23 10,888 9,860 421,521 385,918 21 26,218 26,218 397,161 361,402 423,379 387,620 27 (1,858) (1,702) 421,521 385,918 35

26,218 57,556 129 104,874 162,796 351,573 (1,546) 350,027 36,047 36,047 (156) 35,891 26,218 57,556 129 104,874 198,843 387,620 (1,702) 385,918 35,759 35,759 (156) 35,603 26,218 57,556 129 104,874 234,602 423,379 (1,858) 421,521 22 36

45,625 45,955 7 (6) (6) 8 792 1,304 9 17,672 17,586 9 302 302 9 1,167 1,167 7 (206) 9 4 12 65,556 66,114 5 7 (4,819) (1,002) 20 (50) (5,220) (12,021) (21) (5) 5 55,537 53,032 6 6 (792) (1,304) (3,437) (16,639) 51,314 35,095 37

(455) (708) 33,000 (62,536) (62,602) (62,536) (29,602) (11,677) 4,785 24,422 19,637 12,745 24,422 12,745 24,422 38

1. 26 2. (a) 19 (b) 39

2. (b) 9 9 9 39 9 39 9 39 40

2. (b) 15 15 18 11 15 1 2 3 4 5 15 41

2. (b) 16 16 17 12 16 17 16 17 16 16 42

2. (c) 3. 622 622 (a) (b) 2 43

3. (b) 5 73,857,000129,178,000 (i) (ii) (iii) 421,521,000 49,619,000 5 44

3. (b) (c) 4. (a) 45

4. (a) (b) (c) 46

4. (c) 2.5% 10% 20% (d) 40 47

4. (e) 12 (f ) (g ) () 48

4. (g ) (h) (i) (i) 49

4. (i) (i) (ii) 50

4. (i) (ii) (iii) 51

4. (i) (iv) (v) (vi) (i)37 (ii) 18 (vii) 39 52

4. (j) 53

4. (k) (l) (m) 54

4. (n) (i) (ii) 55

4. (o) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (a) (a)(i) 56

4. (o) (i) (ii) (iii) (p) (q ) 8 57

5. (a) (b) 58

6. (a) (b) 10% A 33,152 15,645 B 41,254 47,325 C 33,151 39,828 107,557 102,798 59

7. 129,274 132,211 4,547 5,253 391 366 134,212 137,830 6 6 206 1,199 460 1,205 672 135,417 138,502 60

8. 162 792 1,142 792 1,304 209 8 1,001 1,312 9. 24,926 26,370 550 530 17,672 17,586 302 302 1,167 1,167 4 12 13 45,580 48,188 1,037 1,056 61

10. (a) 16.5% 16.5% 9,014 9,020 (20) 3 8,994 9,023 23 1,028 1,041 10,022 10,064 (b) 45,625 45,955 16.5% 16.5% 7,528 7,582 1,933 1,917 (1) (1) (20) 3 582 563 10,022 10,064 62

11. 12. 35,759 36,047 1,310,925 1,310,925 63

13. (a) 600 85 3 16,500 17,188 80 3 50 133 350 53 3,000 3,403 1,030 138 6 19,550 20,724 160 50 210 160 50 210 160 50 210 480 150 630 1,510 138 6 19,700 21,354 64

13. (a) * 350 277 627 533 31 2 17,000 17,566 80 1 50 131 350 37 3,000 3,387 1,313 345 3 20,050 21,711 160 50 210 160 50 210 160 50 210 480 150 630 1,793 345 3 20,200 22,341 * 65

13. (b) 1,393 1,546 46 34 1,439 1,580 1,000,000 3 1 1,000,0011,500,000 1 (c) 66

14. 686,275 4,162 690,437 708 708 (17) (17) 686,275 4,853 691,128 455 455 (47) (47) 686,275 5,261 691,536 158,702 2,820 161,522 17,157 429 17,586 (5) (5) 175,859 3,244 179,103 17,157 515 17,672 (43) (43) 193,016 3,716 196,732 493,259 1,545 494,804 510,416 1,609 512,025 58,959,000 121,495,00020 67

15. 14,000 10,987 1,167 12,154 1,167 13,321 679 1,846 68

16. 12,000 12,000 2,265 1,963 302 302 2,567 2,265 9,433 9,735 69

17. 18. 19. 10,994 5,915 920 1,180 11,914 7,095 (a) 30 6,355 5,915 31-60 4,639 10,994 5,915 70

19. (b) 2,592 3,535 30 4,841 2,380 31-60 3,561 8,402 2,380 10,994 5,915 2,592,000 3,535,000 8,402,000 2,380,000 71

20. 58,959 121,495 (a) (b) (c) 0.890.87 14 9,340 16,516 9,423 16,660 28,777 50,524 11,419 37,795 49,619 104,979 58,959 121,495 49,619 104,979 72

21. 0.02 3,000,000,000 60,000 0.02 1,310,925,244 26,218 22. (i) (ii) 73

22. (iii) 57,556 129 104,874 46,575 209,134 (3,349) (3,349) 57,556 129 104,874 43,226 205,785 (3,051) (3,051) 57,556 129 104,874 40,175 202,734 23. 16.5% 16.5% 8,819 10(a)) 1,041 9,860 10(a) 1,028 10,888 74

23. 86,340,00082,811,000 24. Winland Stock (BVI) Limited (a) (b) 58,959,000 121,495,000 75

24. (c) 21,348 22,338 6 3 21,354 22,341 1,000,000 4 5 3,000,0013,500,000 1 1 17,000,00117,500,000 1 17,500,00118,000,000 1 (d) 76

25. 3 1 226,090 230,054 1,350 1,350 227,443 231,405 49 47 38 38 2,762 1,981 2,849 2,066 466 594 874 874 1,340 1,468 1,509 598 228,952 232,003 26,218 26,218 202,734 205,785 228,952 232,003 77

26. 1 1 (a)) 226,271 230,235 226,272 230,236 (182) (182) 226,090 230,054 (a) (b) 2 100% 1 51% Goodnews Investments Limited 1.00 1 100% 78

27. 51% 319 319 319 319 156 156 (1) (1) (1) (1) 24 24 9,434 9,736 (13,250) (13,233) (3,792) (3,473) (1,858) (1,702) 79

28. 410,959,000473,495,000 58,959,000 121,495,000 29. 20 21 22 80

29. 58,959 121,495 (12,745) (24,422) 46,214 97,073 421,521 385,918 11% 25% 30. 81

30. (a) (b) 352,000,000352,000,000 82

30. (b) 31,071 31,071 31,071 6,414 6,414 6,414 58,959 58,959 58,959 96,444 96,444 96,444 36,291 36,291 36,291 5 5 5 6,414 6,414 6,414 121,495 121,495 121,495 164,205 164,205 164,205 83

30. (b) 58,959 60,615 9,827 9,827 29,479 11,482 121,495 125,350 17,504 17,504 52,512 37,830 (c) 20 50 246,000 507,000 50 84

30. (d) (e) 31. 11,575 5,938 38 58 12,745 24,422 24,358 30,418 31,071 36,291 6,414 6,414 5 58,959 121,495 96,444 164,205 85

32. 33. 24 4,550,000 (HCA1509/2015) (HCA2994/2015) 34. 86

134,212 137,830 169,060 149,434 96,964 35,759 36,047 55,093 43,478 16,873 35,603 35,891 54,938 43,324 16,717 531,103 559,983 569,205 595,446 617,243 (109,582) (174,065) (219,178) (300,779) (365,900) 1,858 1,702 1,546 1,391 1,237 423,379 387,620 351,573 296,058 252,580 87

1 100% 243 165,748.30 2047 51% 88

MEXAN LIMITED