PUTIAN COMMUNICATION GROUP LIMITED : 1720
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201420152016 12 31 2017 4 30 12 31 4 30 2014 2015 2016 2016 2017 % % % % % 270,770 100.0 361,726 100.0 467,919 100.0 120,761 100.0 165,062 100.0 51,487 19.0 78,890 21.8 111,360 23.8 29,219 24.2 41,377 25.1 20,987 7.8 40,582 11.2 63,144 13.5 14,844 12.3 19,880 12.0 17,788 6.6 34,358 9.5 52,099 11.1 12,435 10.3 15,368 9.3 12 31 4 30 2014 2015 2016 2016 2017 % % % % % 61,102 22.6 112,550 31.1 162,342 34.7 46,994 38.9 56,120 34.0 194,397 71.8 213,718 59.1 248,472 53.1 62,420 51.7 77,939 47.2 15,271 5.6 35,458 9.8 57,105 12.2 11,347 9.4 31,003 18.8 270,770 100.0 361,726 100.0 467,919 100.0 120,761 100.0 165,062 100.0 12 31 4 30 2014 2015 2016 2016 2017 (%) (%) (%) (%) (%) 14,938 24.4 27,965 24.8 42,836 26.4 11,813 25.1 15,097 26.9 31,464 16.2 38,191 17.9 46,760 18.8 12,836 20.6 15,241 19.6 5,085 33.3 12,734 35.9 21,764 38.1 4,570 40.3 11,039 35.6 51,487 19.0 78,890 21.8 111,360 23.8 29,219 24.2 41,377 25.1 5
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23
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26
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19751999 346,120 (i) (ii) (iii) (iv) (v) (i) (ii) (iii) (iv) 60
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2011 2012 2013 2014 2015 2016 105 138 132 167 242 281 25 2016 5 FTTH/O 2016 122017 3 5G 2019 2020 1005G 66
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80.0 60.0 54.4 40.0 46.2 43.3 49.3 46.5 43.3 40.2 37.4 34.8 32.4 20.0 0.0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 * 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 24,874.5 18,711.4 16,521.7 17,585.6 14,412.6 12,531.1 12,120.7 11,609.1 11,228.0 10,494.3 2011 108.6 2016 216.1 14.7%2020 329.1 11.1% * * 70
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77 2017 32020 2 25 1962 25 20002016 20072014 2016 20112015 2015 2016 2017 9 4 142
60% 20% 2014452,9852015818,905 20161,073,8802016 4 30 333,6692017 4 30339,812 PE 143
201420152016 2017 4 3042.6% 43.5% 49.8% 49.1% 201420152016 2017 4 3071.7% 70.9% 70.8% 73.5% 2014 20152016 2017 4 30 59.7% 55.6% 47.5% 56.2% 201420152016 2017 4 3037.1% 34.0% 29.1% 28.4% 201420152016 2017 4 30 6.5% 8.9% 11.4% 12.0% 144
A 2017 1 312017 12 31 25 A A 20172019D 145
2017 1 182019 12 31 5.0 D D 201420152016 2017 4 30 66.4% 64.3% 65.9% 64.4% 37.1% 34.0% 29.1% 28.4% 5% 146
2014 12 31 (%) A B C D E 10 15 79,320 37.1 15 29,953 14.0 7 13,956 6.5 8 9,436 4.4 4 PE 9,383 4.4 7 142,048 66.4 147
2015 12 31 (%) A B D C F 10 9 90,347 34.0 15 26,064 9.8 7 23,643 8.9 4 19,518 7.3 8 PE 11,331 4.3 9 170,903 64.3 148
2016 12 31 (%) A B D C G 10 15 97,330 29.1 15 47,686 14.3 7 38,237 11.4 4 23,479 7.0 8 PE 13,797 4.1 3 220,529 65.9 149
2017 4 30 (%) A 34,937 28.4 15 I 14,840 12.0 8 B 14,550 11.8 7 10 D 10,145 8.2 4 H 3 4,919 4.0 1 79,391 64.4 I CC 2016 12I 150
2014 12 31 A 79,320 65.3 B 29,953 24.7 109,273 90.0 2015 12 31 A 90,347 71.1 B 26,064 20.5 116,411 91.6 2016 12 31 A 97,330 67.1 B 47,686 32.9 145,016 100.0 2017 4 30 A 34,937 70.6 B 14,550 29.4 49,487 100.0 151
2014 12 31 C 13,956 59.7 D 9,436 40.3 23,392 100.0 2015 12 31 D 23,643 54.8 C 19,518 45.2 43,161 100.0 2016 12 31 D 38,237 67.8 C 18,184 32.2 56,421 100.0 2017 4 30 I 12,328 54.9 D 10,145 45.1 22,473 100.0 152
201420152016 2017 4 30 66.4% 64.3% 65.9% 64.4% 37.1% 34.0% 29.1% 28.4% 201666% 201691% 153
AD A A 15 A D 5.0 45 154
201420152016 2017 4 30 3381184140 201420152016 2017 4 30 91.4% 90.2% 91.4% 92.4% 47.7% 53.1% 56.8% 56.6% 155
2014 12 31 (%) A 129,050 47.7 4 B 114,000 42.1 15 C 30 38,000 7,124 2.6 3 D 15 4,655 1.7 3 E 4,524 1.7 7 259,353 95.8 156
2015 12 31 (%) A 191,938 53.1 4 B 134,472 37.1 15 C 30 38,000 14,361 4.0 3 F 5 4,416 1.2 2 G 20 2,573 0.7 3 347,760 96.1 157
2016 12 31 (%) A 265,939 56.8 4 B 161,239 34.5 15 C 5,600 1.2 3 30 38,000 I 3,566 0.8 2 15 800 H 3,523 0.7 2 5 439,867 94.0 158
2017 4 30 (%) A 93,461 56.6 4 B 58,761 35.6 15 J 20 2,131 1.3 2 I 15 800 785 0.5 2 H 5 755 0.5 2 155,893 94.5 159
2001 20 95.8% 96.1% 94.0% 94.5% 47.7% 53.1% 56.8% 56.6% 5% 201420152016 2017 4 30 95.8% 96.1% 94.0% 94.5% 47.7% 53.1% 56.8% 56.6% 2016 82% 61%201420152016 2017 4 30 91.4% 90.2% 91.4% 92.4% 2017-2018 25 15 1513 160
90% 4 15 2012 24 24 2017 4 306518 47 161
12 31 4 30 2014 2015 2016 2017 8 2 25.0% 1 1 100.0% 8 6 75.0% 2 2 100.0% 2 2 100.0% 17 12 70.6% 21 11 52.4% 20 11 55.0% 4 2 50.0% 10 6 60.0% 5 3 60.0% 8 2 25.0% 8 2 25.0% 2 0 0.0% 1 0 0.0% 30 17 56.7% 30 14 46.7% 36 19 52.8% 8 4 50.0% 13 8 61.5% 15 30 162
2004 12 24 163
80% 90% 24 2017 4 30 13 2016 2017 4 30117 32 164
12 36 15 724 165
2017 4 3011 166
ISO 9001:2008 2017 4 30 2017 4 30 3115 16 167
6 10. 2009 10 14 2014 20152016 2017 4 30 8.6 11.7 15.4 5.6 3.2% 3.2% 3.3% 3.4% 1,000 2017 2018 168
2017 3 2017 2018 169
2017 3.5 2.4 1.2 ISO 17025 2.5 170
26614 2016 20 (www.rdyww.com) 2016 2015 (www.rdyww.com) 2016 (www.xfrb.com.cn) 2016 171
2015 2016 TOP 2016 2017 2014 2012 2009 2008 2008 2006 172
2016500 TCL 2017 4 30349 2017 4 30 162 46.4 67 19.2 45 12.9 31 8.9 13 3.7 11 3.2 20 5.7 349 100.0 173
174
5.01(2) 38,969.51(i) 23,285.55 (ii) 7,665.82 2053 6 30 1 4 (i) (ii) (a) 2018 7 17 (b) 2018 7 175
66,623.00 2063 4 22 12 176
1. (i) (ii) 2016 12 31 146,000 117,000 2017 4 30 241,000 2016 12 31 981,000 1.08 1.06 2017 4 30 293,000 2015 5 2017 4 2017 5 4 (i) (ii) iii 177
0.05% 1-3 178
2. (i) (ii) 2016 12 31 32,000 19,000 2017 4 30 65,000 2016 12 31 693,000 844,000 980,000 2017 4 30 340,000 2017 4 (i) (ii) iii 179
180
3. (i) (ii) 100,000 2017 6 13 (i) (ii) iii iv 181
2015 3 5 2015 5 6 2015 5 8 2008 4 28 2010 8 10 3 2016 4 21 2021 4 21 2017 9 28 2022 9 27 2017 7 26 2018 6 2012 5 3 2012 5 7 182
183
53 2001 3 2016 8 19 52 2001 6 2017 5 17 28 2011 7 2017 5 17 42 2017 10 2017 10 21 40 2017 10 2017 10 21 45 2017 10 2017 10 21 184
46 2006 2 2011 3 41 2007 2 2012 2 40 2004 9 2012 7 55 2008 9 2013 9 38 2017 4 2017 4 185
53 19841991 1999 11 2016 10 1986 12 2005 2 2004 2005 4 2006 3 2005 2006 3 186
2009 2 2008 2009 3 2008 2012 11 20 2012 12 52 2001 6 15 19841999 187
1992 7 28 2011 7 2012 52014 7 2015 4 2011 6 42 2017 10 21 192016 4 1660 2004 12008 12 Ernst & Young Business Services Ltd. 2009 32010 7 2010 112016 4 188
2017 4 2017 7 1676 2003 112003 7 2005 12 2017 6 40 2017 10 21 122004 12 2004 2009 82013 8 2007 92011 9 2006 102010 10Applied Optics 2009 122013 12 2006 2 2007 5 2008 12 189
2008 12 2009 7 2009 8 521 2011 11 2012 2 2012 5 2013 7 555 2014 5 2004 1 190
452017 10 21 2009 112012 11 2010 92016 12 20132015 2000 12004 12 2011 22011 10 ( 600053) 2014 82015 5 1999 12 1999 2000 12 2003 8 2002 191
2004 3 2003 2011 12 2011 2014 11 1994 7 2002 6 2007 1 (i) (ii) (iii) (iv) 13.51(2)(h) 13.51(2)(v) (vi) 192
46 252006 2 2011 3 1991 82006 1 2013 1 2015 8 2001 42004 5 41 2007 2 15 2001 2006 20042003 1997 6 2000 11 2001 22004 2 193
40 2004 92012 7 19992004 8 1999 6 55 272008 9 2013 91981 102000 7 1990 7 38 2017 4 2017 5 132003 72004 122005 12009 10 2010 32010 9 910 2010 9 2011 4 2011 82016 8 8075 2016 8 2017 4 2003 11 2009 6 194
2017 5 17 14 A.2.1 A.2.1 A.2.1 195
3.21 C.32017 10 21 (a) (b) (c) 3.25 B.12017 10 21 (a) (b) (c) A.52017 10 21 (a) (b) (c) (d) 196
2016 12 31 2017 4 30 357,000 369,000 368,000 121,000 2017 12 31 1,359,000A.1.8 2016 12 31 2017 4 30 465,000 489,000 496,000 161,000 197
2017 10 213A.19 3A.23 (a) (b) (c) (d) 13.10 13.46 (i) (ii) (iii) (iv) 13.51(2)(h) (v) 198
201420152016 12 31 2016 2012 2006 2014 270.8 2015 361.72016 467.9 31.4% 2016 4 30 120.8 36.7% 2017 4 30 165.1 2014 17.8 2015 34.42016 52.1 71.1% 2016 4 30 12.4 23.6% 2017 4 30 15.4 2014 12 31 250.1 2015 12 31 291.6 2016 12 31 326.6 14.3%2017 4 30 322.4 199
2017 3 27 201420152016 12 31 2017 4 30 2013 82020 200
201420152016 2017 4 30 89.8% 90.2% 91.3% 92.2% 20112016 112.5 207.713.0% 201720209.7% 2020303.2 2016 58 2014 270.8 2015 361.7 2016 467.9 2016 4 30 120.8 2017 4 30 165.1 20160.7% 2.2% 2014201520162017 4 30 90.4% 89.9% 90.3% 91.2% 201
201420152016 2017 4 30 42.6% 43.5% 49.8% 49.1%201420152016 2017 4 30 71.7% 70.9% 70.8% 73.5%2014 20152016 2017 4 30 59.7% 55.6% 47.5% 56.2% 5% 10% 15% 15% +/ 5% +/ 10% +/ 15% 2014 /+75 /+149 /+224 1 +/ 231 +/ 463 +/ 694 /+473 /+946 /+1,418 2015 /+81 /+162 /+243 1 +/ 554 +/ 1,108 +/ 1,662 /+1,066 /+2,133 /+3,199 2016 /+63 /+125 /+189 1 +/ 743 +/ 1,486 +/ 2,229 /+1,688 /+3,376 /+5,065 2017 4 30 +/ 4 +/ 7 +/ 11 1 +/ 239 +/ 479 +/ 718 /+964 /+1,928 /+2,892 202
(1) 100% 78% 20142015 2016 2017 4 3037.1% 34.0% 29.1% 28.4%201420152016 2017 4 306.5% 8.9% 11.4% 12.0% 2017 4 30 1.2 1.79.6 2017 5.6 ISO 2017 4 30 3840 203
201420152016 2017 4 30 22.6% 31.1% 34.7% 34.0% 71.8% 59.1% 53.1% 47.2%5.6% 9.8% 12.2% 18.8% (i) (ii) (iii) 204
20 10 5 3 5 205
206
(i) (ii) 207
12 31 4 30 2014 2015 2016 2016 2017 % % % % % 270,770 100.0 361,726 100.0 467,919 100.0 120,761 100.0 165,062 100.0 (219,283) (81.0) (282,836) (78.2) (356,559) (76.2) (91,542) (75.8) (123,685) (74.9) 51,487 19.0 78,890 21.8 111,360 23.8 29,219 24.2 41,377 25.1 191 0.1 238 0.1 105 41 19 (9,611) (3.5) (13,709) (3.8) (17,154) (3.7) (4,752) (3.9) (6,197) (3.8) (15,892) (5.9) (20,801) (5.8) (28,880) (6.1) (8,922) (7.4) (14,549) (8,8) (5,188) (1.9) (4,036) (1.1) (2,287) (0.5) (742) (0.6) (770) (0.5) 20,987 7.8 40,582 11.2 63,144 13.5 14,844 12.3 19,880 12.0 (3,199) (1.2) (6,224) (1.7) (11,045) (2.4) (2,409) (2.0) (4,512) (2.7) 17,788 6.6 34,358 9.5 52,099 11.1 12,435 10.3 15,368 9.3 17,788 6.6 34,368 9.5 52,102 11.1 12,435 10.3 15,368 9.3 (10) (3) 17,788 6.6 34,358 9.5 52,099 11.1 12,435 10.3 15,368 9.3 208
12 31 4 30 2014 2015 2016 2016 2017 % % % % % 61,102 22.6 112,550 31.1 162,342 34.7 46,994 38.9 56,120 34.0 194,397 71.8 213,718 59.1 248,472 53.1 62,420 51.7 77,939 47.2 15,271 5.6 35,458 9.8 57,105 12.2 11,347 9.4 31,003 18.8 270,770 100.0 361,726 100.0 467,919 100.0 120,761 100.0 165,062 100.0 2014 270.8 33.6% 2015 361.7 29.4% 2016 467.9 2016 4 30 120.8 36.7% 2017 4 30 165.1 2014 61.1 84.2% 2015 112.6 44.2% 2016 162.3 2016 4 30 47.0 19.4% 2017 4 30 56.1 2014452,985 2015818,90520161,073,880 2016 4 30333,6692017 4 30 339,812 209
2017 2017 2014 194.4 9.9% 2015 213.7 16.3% 2016 248.5 2016 4 30 62.4 24.9% 2017 4 30 77.92014 20152016751,484952,4651,133,771 201420152016 12 3120162017 4 30 91.4% 90.2% 91.4% 91.7% 92.4% 2016 4 30287,787 2017 4 30297,930 20142016 20142016 2017 4 30 2016 4 30 20152016 210
2014 15.3 132.2% 2015 35.5 61.1% 2016 57.1 2016 4 30 11.3 173.2% 2017 4 30 31.0 2016 7,94920142018 15% 20142015 12 31 4 30 2014 2015 2016 2016 2017 % % % % % 247,574 91.4 326,410 90.2 427,538 91.4 110,712 91.7 152,566 92.4 23,196 8.6 35,316 9.8 40,381 8.6 10,049 8.3 12,496 7.6 270,770 100.0 361,726 100.0 467,919 100.0 120,761 100.0 165,062 100.0 211
(i)(ii) (iii) (iv) (v) 12 31 4 30 2014 2015 2016 2016 2017 % % % % % 198,137 90.4 254,303 89.9 322,114 90.3 81,261 88.8 112,818 91.2 5,010 2.3 6,519 2.3 8,168 2.3 2,365 2.6 2,603 2.1 6,122 2.8 7,963 2.8 8,596 2.4 2,866 3.1 2,891 2.3 6,180 2.8 8,468 3.0 9,463 2.7 2,817 3.1 2,943 2.4 1,991 0.9 2,808 1.0 3,334 1.0 1,114 1.2 1,001 0.8 1,008 0.4 1,291 0.5 2,267 0.6 747 0.8 637 0.5 835 0.4 1,484 0.5 2,617 0.7 372 0.4 792 0.7 219,283 100.0 282,836 100.0 356,559 100.0 91,542 100.0 123,685 100.0 212
PE PE PVC PVC 12 31 4 30 2014 2015 2016 2016 2017 % % % % % 120,634 60.9 133,828 52.6 162,029 50.3 38,294 47.1 59,102 52.4 21,531 10.9 40,916 16.1 63,449 19.7 17,237 21.2 21,495 19.0 PE PE 21,237 10.7 29,057 11.4 34,205 10.6 9,022 11.1 11,768 10.4 PVC PVC 12,866 6.5 14,945 5.9 18,630 5.8 4,809 5.9 5,601 5.0 4,154 2.1 6,925 2.7 7,847 2.4 2,236 2.8 2,652 2.3 3,120 1.6 5,279 2.1 6,026 1.9 1,845 2.3 1,869 1.7 3,155 1.6 3,101 1.2 3,708 1.2 1,156 1.4 772 0.7 2,619 1.3 4,257 1.7 5,239 1.6 1,477 1.8 1,817 1.6 1,369 0.7 3,259 1.3 4,588 1.4 1,069 1.3 1,939 1.7 PBT 2,075 1.0 3,819 1.5 4,045 1.3 1,422 1.8 1,102 1.0 5,377 2.7 8,917 3.5 12,348 3.8 2,694 3.3 4,701 4.2 198,137 100.0 254,303 100.0 322,114 100.0 81,261 100.0 112,818 100.0 2014 198.1 28.3% 2015 254.3201626.7%322.1 20142016 2016 4 30 81.3 38.8% 2017 4 30 112.8 2014 20152016 12 3120162017 4 30 6.1 8.0 8.6 2.9 2.92015 213
201420152016 12 31 6.2 8.5 9.5 2016 4 30 2.8 4.4% 2017 4 30 2.9 12 31 4 30 2014 2015 2016 2016 2017 % % % % % 14,938 24.4 27,965 24.8 42,836 26.4 11,813 25.1 15,097 26.9 31,464 16.2 38,191 17.9 46,760 18.8 12,836 20.6 15,241 19.6 5,085 33.3 12,734 35.9 21,764 38.1 4,570 40.3 11,039 35.6 51,487 19.0 78,890 21.8 111,360 23.8 29,219 24.2 41,377 25.1 2014 12 31 24.4% 2015 12 31 24.8%2016 12 31 26.4% 2016 4 30 25.1% 2017 4 3026.9% 214
2014 12 31 16.2% 2015 12 31 17.9%2016 12 31 18.8% 2016 4 3020.6%2017 4 30 19.6% 2014 12 31 33.3% 2015 12 31 35.9%2016 12 31 38.1% 2016 4 3040.3%2017 4 30 35.6% 12 31 4 30 2014 2015 2016 2016 2017 % % % % % 55 28.8 68 28.6 36 34.3 16 39.0 5 26.3 25 13.1 170 71.4 7 6.7 18 94.7 105 55.0 13 12.4 3 2.9 (8) (42.1) 6 3.1 46 43.8 25 61.0 4 21.1 191 100.0 238 100.0 105 100.0 41 100.0 19 100.0 20142016 215
20142015 20169.6 13.7 17.2 3.5% 3.8% 3.7% 2016 2017 4 30 4.8 6.2 3.9% 3.8% 12 31 4 30 2014 2015 2016 2016 2017 % % % % % 1,939 20.2 3,023 22.1 4,052 23.6 1,128 23.7 1,794 28.9 5,232 54.4 7,177 52.4 8,989 52.4 2,690 56.6 3,365 54.3 364 3.8 1,427 10.3 1,511 8.8 172 3.6 144 2.3 667 6.9 958 7.0 1,326 7.7 283 6.0 487 7.9 853 8.9 523 3.8 422 2.5 176 3.7 48 0.8 556 5.8 601 4.4 854 5.0 303 6.4 359 5.8 9,611 100.0 13,709 100.0 17,154 100.0 4,752 100.0 6,197 100.0 20142016 (i) (ii) 2016 4 30 2017 4 30 20142016 216
201420162015 2014 2016 4 30 2017 4 30 201420152016 15.9 20.8 28.9 5.9% 5.8% 6.2% 20162017 4 30 8.9 14.5 7.4% 8.8% 12 31 4 30 2014 2015 2016 2016 2017 % % % % % 2,921 18.4 3,710 17.8 4,573 15.8 1,374 15.4 1,805 12.4 8,604 54.1 11,730 56.4 15,422 53.4 5,187 58.1 5,577 38.3 422 2.7 581 2.8 960 3.3 316 3.6 303 2.1 289 1.8 289 1.4 289 1.0 96 1.1 96 0.7 443 2.8 670 3.2 845 2.9 197 2.2 423 2.9 1,904 6.6 4,784 32.9 1,706 10.7 2,142 10.3 2,467 8.6 1,169 13.1 400 2.7 (1) 1,507 9.5 1,679 8.1 2,420 8.4 583 6.5 1,161 8.0 15,892 100.0 20,801 100.0 28,880 100.0 8,922 100.0 14,549 100.0 (1) 217
20142015 2016 8.6 11.7 15.4 3.2% 3.2% 3.3% 20162017 4 305.2 5.6 4.3% 3.4% 12 31 4 30 2014 2015 2016 2016 2017 % % % % % 2,122 24.7 2,476 21.1 2,759 17.9 654 12.6 768 13.8 5,095 59.2 7,882 67.2 10,660 69.1 3,989 76.9 4,256 76.3 1,387 16.1 1,372 11.7 2,003 13.0 544 10.5 553 9.9 8,604 100.0 11,730 100.0 15,422 100.0 5,187 100.0 5,577 100.0 218
20142016 20142016 2017 4 302016 2014 5.22015 4.0 20152015 4.02016 2.32016 2017 4 30 2016 25.0% 2014 20152016 15.0%2016 11 3 201720182019 15.0% 201420152016 2017 4 30 15.2% 15.3% 17.5% 22.7% 201525% 2017 4 30 219
2017 4 302016 4 30 2016 4 30 120.8 36.7% 2017 4 30 165.1 2016 4 30 47.0 19.4% 2017 4 30 56.1 2016 4 30 62.4 24.9% 2017 4 30 77.9 2016 4 30 11.3 173.2% 2017 4 30 31.0 2016 4 30 91.5 35.1% 2017 4 30 123.7 2016 4 3075.8% 2017 4 3074.9% 2016 4 30 29.2 41.6% 2017 4 30 41.4 2016 4 3024.2% 2017 4 30 25.1% 2016 4 30 41,000 53.7% 2017 4 30 19,000 220
2016 4 30 4.8 30.4% 2017 4 30 6.2(i) 0.7 (ii) 0.7 2016 4 303.9% 2017 4 30 3.8% 2016 4 30 8.9 63.1% 2017 4 30 14.5(i) 0.4(ii) 0.4 (iii) 4.8 2016 4 307.4% 2017 4 30 8.8% 2016 4 30 5.2 7.5% 2017 4 30 5.6(i) 0.1(ii) 0.3 2016 4 302017 4 30 2016 4 30 14.8 33.9% 2017 4 30 19.9 2016 4 3012.3% 2017 4 30 12.0% 2016 4 30 2.4 87.3% 2017 4 30 4.5 20162017 4 30 16.2% 22.7% 221
2016 4 30 12.4 23.6% 2017 4 30 15.4 2016 4 3010.3% 2017 4 309.3% 2016 12 31 2015 12 31 2015 361.7 29.4% 2016 467.9 2015 112.6 44.2% 2016 162.3 2015 213.7 16.3% 2016 248.5 2015 72016 1 2015 35.5 61.1% 2016 57.1 2015 282.8 26.1% 2016 356.6 2015 78.2% 201676.2% 2015 78.9 41.2% 2016 111.4 201521.8% 201623.8% 2015 238,000 55.9% 2016 105,000 163,000 222
2015 13.7 25.1% 2016 17.2(i)1.8 (ii) 1.0 20153.8% 2016 3.7% 2015 20.8 38.8% 2016 28.9 (i) 3.7 (ii) 1.9 20155.8% 20166.2% 2015 11.7 31.5% 2016 15.4 (i)0.3(ii) 2.8 2015 4.0 43.3% 2016 2.3 2016 2015 40.6 55.6% 2016 63.12015 11.2% 201613.5% 2015 6.2 77.5% 2016 11.0 2015 34.4 51.6% 2016 52.1 2015 9.5% 201611.1% 223
2015 12 31 2014 12 31 2014 270.8 33.6% 2015 361.7 2014 61.1 84.2% 2015 112.62015 3 2014 194.4 9.9% 2015 213.7 2014 15.3 132.2% 2015 35.5 2014 219.3 29.0% 2015 282.8 2014 81.0% 201578.2% 2014 51.5 53.2% 2015 78.9 201419.0% 201521.8% 2014 191,000 24.6% 2015 238,000 145,0002014 105,000 224
2014 9.6 42.6% 2015 13.7(i)1.9 (ii)1.1 (iii) 1.0 20143.5% 20153.8% 2014 15.9 30.9% 2015 20.8 3.1 2014 8.6 36.3% 2015 11.7 (i)0.4(ii) 2.8 2014 5.2 22.2% 2015 4.0 2015 0.6 2014 21.0 93.4% 2015 40.62014 7.8% 201511.2% 2014 3.2 94.6% 2015 6.2 2014 17.8 93.2% 2015 34.4 2014 6.6% 20159.5% 225
20142015 2016 12 31 2017 4 30 7.6 11.1 14.3 7.0 2017 8 312.0 12 12 31 4 30 2014 2015 2016 2016 2017 20,419 38,191 48,044 11,814 897 (20,208) (35,693) (4,417) (1,141) (2,139) (937) 952 (40,369) (15,556) (6,076) (726) 3,450 3,258 (4,883) (7,318) 8,329 7,603 11,053 11,053 14,311 10 7,603 11,053 14,311 6,170 7,003 226
2017 4 30 0.9 19.9 3.3 0.8 0.1 1.7 1.3 (i) 4.4 (ii) 6.0(iii) 9.9 (iv)5.8 2016 4 30 11.8 14.8 3.3 0.7 0.1 4.8 14.1 (i) 8.0(ii) 11.5 iii 2.8 (iv)3.8 2016 48.0 63.1 9.7 2.3 0.3 15.6 1.3 (i) 1.4(ii) 27.7(iii) 6.0 (iv)8.9 227
2015 38.2 40.6 8.6 4.0 0.3 2015 2.1 (i) 3.3(ii) 10.2 (iii)3.8 2014 20.4 21.0 6.6 5.2 0.3 11.8 4.6 (i) 10.6(ii) 18.1 (iii)2.3 2017 4 302.1 2.1 5,000 2016 4 301.1 1.6 0.416,000 20164.4(i) 7.2(ii) 0.3 (i) 2.6(ii) 0.5 (iii)36,000 228
201535.7 35.7 68,000 201420.2(i) 17.9(ii) 2.6 (i) 204,000 (ii) 55,000 2017 4 306.1 (i) 7.3(ii) 0.8 (iii) 66,000 (i) 4.3 (ii)2.3 (iii) 86,000 2016 4 3015.6 (i) 29.1 (ii) 0.7 (i) 11.8 (ii) 2.4 201640.4(i) 63.5(ii) 40.9 (iii) 2.3 (i) 66.3 (ii) 66,000 2015 952,000(i) 88.2 (ii) 30.6 (i) 113.9 (ii) 4.0 2014937,000(i) 80.7(ii) 5.2 (iii) 500,000 (i) 81.0(ii) 4.4 229
201420152016 12 31 2017 4 30 55.9 64.5 118.9 38.4 12 31 4 30 8 31 2014 2015 2016 2017 2017 289 289 289 193 193 36,879 40,212 41,582 47,631 66,193 107,960 118,171 145,864 150,235 154,691 4,795 2,649 8,627 7,272 10,999 4,335 4,894 4,757 500 470 480 480 7,603 11,053 14,311 7,003 5,432 162,920 177,601 215,488 212,814 237,508 21,016 20,431 35,990 26,126 50,439 7,961 8,393 9,676 10,941 12,505 5,917 36,563 91,311 7,294 1,214 2,497 2,962 1,020 3,068 70,928 45,240 48,000 44,998 69,914 107,036 113,124 96,628 174,396 143,220 55,884 64,477 118,860 38,418 94,288 230
2016 12 312017 4 30 91.3 2017 151% 46% 97,970,000 2017 4 30 91.3(i) 97,970,0002017 7 31 (a) 50.0(b) (ii) 6,659,000 2014 12 31 55.98.6 15.4% 2015 12 31 64.5 2015 12 31 64.5 54.484.3% 2016 12 31 118.9 2016 12 31 118.9 80.467.7% 2017 4 30 38.4 2017 7 31 2017 4 30 38.4 55.9145.4% 2017 8 31 94.3 18.6 84.024.9 231
12 31 4 30 2014 2015 2016 2017 7,234 15,194 16,390 24,167 4,237 4,023 25,408 20,995 25,192 23,464 36,879 40,212 41,582 47,631 2014 12 31 36.92015 12 31 40.22016 12 31 41.6 2017 4 30 47.6 2017 4 3046.2 96.9% 4 30 12 31 2014 2015 2016 2017 (1) 53 50 42 43 (1) 12 31 3654 30 120 232
2014201520152016 2016201712 20162017 4 30 2016 12 31 4 30 2014 2015 2016 2017 107,960 118,171 145,864 149,935 300 107,960 118,171 145,864 150,235 80% 90% 30 2014 12 31 108.0 2015 12 31 118.2 2016 12 31 145.9 2017 4 30 150.2 233
12 31 4 30 2014 2015 2016 2017 0 30 39,679 47,501 49,845 47,275 31 60 30,727 44,123 62,728 52,184 61 90 16,453 13,757 10,547 19,797 91 180 19,463 8,058 18,455 26,277 181 365 1,603 4,619 3,122 3,792 365 35 113 1,167 910 107,960 118,171 145,864 150,235 201420152016 12 31 2017 4 30 180 201420152016 12 31 2017 4 30 2014 20152016 12 31 2017 4 30 35,000 113,000 1.2 1.1 201420152016 12 31 2017 4 30 0.03% 0.1% 0.8% 0.8% 234
12 31 4 30 2014 2015 2016 2017 107,925 118,058 144,697 149,095 1 78 1,167 1,030 1 2 35 110 2 35 107,960 118,171 145,864 150,235 2017 4 30 146.2 97.3% 4 30 12 31 2014 2015 2016 2017 (1) 133 114 103 108 (1) 12 313654 30 120 235
2014 12 31 133 2015 12 31 114 2016 12 31 103 2017 4 30 12 31 4 30 2014 2015 2016 2017 211 182 537 379 93 221 35 441 3,136 290 4,000 1,193 1,686 2,290 2,952 162 270 1,765 3,500 4,795 2,649 8,627 7,272 (i) (ii)(iii)(iv) 2014 12 31 4.8 2015 12 31 2.6 20152014 12 31 3.12015 12 31 0.3(i) 108,000 (ii)493,000 2015 12 31 2.6 2016 12 31 8.6 3.7 1.5 236
2016 12 31 8.6 2017 4 30 7.3 4.01.7 0.7 201420152016 12 31 2017 4 30 4.9 4.8 2016 2016 12 31 4 30 2014 2015 2016 2017 19,189 20,431 31,381 25,288 1,827 4,609 838 21,016 20,431 35,990 26,126 2015 12 31 20.4 2016 12 31 36.0 2016 12 31 36.02017 4 30 26.1 30 90 237
12 31 4 30 2014 2015 2016 2017 0 30 16,969 19,217 28,099 19,853 31 60 1,949 1,214 4,079 5,239 61 90 1,827 93 91 180 3,773 898 181 365 39 6 365 271 37 21,016 20,431 35,990 26,126 12 31 4 30 2014 2015 2016 2017 (1) 25 27 29 30 (1) 12 313654 30 120 2017 4 30 238
(i) (ii)(iii) (iv) (v) (vi)(vii)2014 2015 2016 12 31 2017 4 30 8.0 8.4 9.7 10.9 12 31 4 30 2014 2015 2016 2017 106 611 1,819 211 1,475 1,910 2,399 1,624 2,487 2,582 2,723 6,398 1,505 132 1,574 1,762 1,740 2,365 175 29 477 619 355 84 171 174 631 833 7,961 8,393 9,676 10,941 2015 12 31 8.4 2016 12 31 9.7 2016 12 31 9.7 2017 4 30 10.9 3.7 1.6 201420152016 2017 4 30 17.9 35.8 7.2 2.1 239
201420152016 2017 4 30 2018 12 31 118.9(i)23.6 (ii)17.6 (iii)64.9 (iv)12.9 114.3 4.6 43.52020 12 31 12 12 12 31 4 30 2014 2015 2016 2017 20,057 6,952 3,600 3,600 20,057 6,952 3,600 3,600 240
12 31 4 30 2014 2015 2016 2017 1 138 293 632 728 25 1,068 799 972 5 138 1,361 1,431 1,700 201420152016 12 31 2017 4 30 4.75% 5.65% 12 31 4 30 2014 2015 2016 2017 70,928 39,970 45,000 44,998 5,270 3,000 70,928 45,240 48,000 44,998 2017 4 3010.0 241
2017 8 31 127.2 69,914 50,000 7,294 127,208 2017 8 312.0 50.0 2017 7 29 20.030.0 8.16% 2019 6 30 2017 7 31 2017 4 30 50.0 2017 4 30 242
(a) (b) 7.3 2017 8 31 2017 8 31 243
12 31 4 30 2014 2015 2016 2017 (1) 7.8% 12.7% 16.9% 14.2% (2) 13.5% 21.6% 25.9% 25.0% (3) 1.52 1.57 2.23 1.22 (4) 1.18 1.21 1.80 0.95 (5) 0.76 0.66 0.45 1.25 (6) 5.05 11.06 28.61 26.82 (1) 100% (2) 100% (3) (4) (5) (6) 244
20147.8% 201512.7% 2016 16.9% 2016 12 31 16.9% 2017 4 3014.2% 2017 4 30 201413.5% 201521.6% 2016 25.9% 2016 12 31 25.9% 2017 4 30 25.0% 2017 4 30 2014 12 311.52 2015 12 311.57 2015 12 311.57 2016 12 312.23 2016 12 312.23 2017 4 301.22 2014 12 311.18 2015 12 311.21 2015 12 311.21 2016 12 311.80 2016 12 311.802017 4 300.95 245
2014 12 310.762015 12 310.66 2015 2015 12 310.662016 12 310.45 2016 12 310.45 2017 4 301.25 20145.05 201511.06(i) (ii) 201511.06 201628.61(i) (ii) 2016 12 3128.612017 4 30 26.822017 4 30 246
201420152016 12 31 2017 4 30 93.0 107.8 137.5 141.9 86.1% 91.2% 94.2% 94.4% 2014 12 31 21,016 21,016 21,016 4,239 4,239 4,239 5,917 5,917 5,917 72,763 72,763 70,928 103,935 103,935 102,100 247
2015 12 31 20,431 20,431 20,431 5,277 5,277 5,277 36,563 36,563 36,563 45,846 45,846 45,240 108,117 108,117 107,511 2016 12 31 35,990 35,990 35,990 7,572 7,572 7,572 49,225 49,225 48,000 92,787 92,787 91,562 2017 4 30 26,126 26,126 26,126 9,066 9,066 9,066 91,311 91,311 91,311 45,465 45,465 44,998 171,968 171,968 171,501 248
201420152016 12 31 2017 4 30 25 4 30 12 31 2014 2015 2016 2017 +/-100 -/+434 -/+409 -/+190 -/+84 249
2017 7 31 47,970,000 2017 4 30 2017 7 31 82.02017 4 30 2017 7 31 2017 7 31 82,000 2017 4 30 51,683 12,520 2017 4 302017 7 31 (747) (72) 2017 7 31 63,384 18,616 250
28.80.73 1.9 4.8 2016 12 31 2017 4 30 2017 12 31 8.5 13.6 4.29 2017 4 30 2017 4 30 2017 4 30 2017 4 30 (3) (1) (2) (3) (4) 0.51 143,343 101,479 244,822 0.22 0.26 0.95 143,343 198,894 342,237 0.31 0.37 251
1. 2017 4 30 2017 4 30 143,343,000 2. 2017 4 30 0.51 0.95 275,000,0001.001.18 3. 2017 4 30 1,100,000,000 4. 1.001.18 5. 2017 4 30 252
28.8 0.73 13.3 2017 4 30 4.8 2017 12 31 2017 4 30 2017 4 30 13.13 13.19 13.13 13.19 253
Arcenciel Capital Point Stone Capital 69.75% Arcenciel Capital Point Stone Capital 30% 8.10 Arcenciel Capital Point Stone Capital Arcenciel Capital Point Stone Capital Arcenciel Capital Point Stone Capital 254
Arcenciel Capital Point Stone Capital 255
14A 201420152016 12 31 2017 4 30 25 26.6 30.0 30.0 30.0 2017 4 30 91.3(i) 97,970,0002017 7 31 50.0 (ii) 6,659,000 256
(a) (b) (c) (d) (e) 257
(f) (i) (ii) (iii) (g) (h) (a) (b) 5% (a) (b) (c) 258
(a) 30% (b) 30% i. ii. iii. iv. v. vi. 259
: 3,000,000,000 30,000,000 10,000,000 100,000 815,000,000 8,150,000 275,000,000 2,750,000 1,100,000,000 (1) 11,000,000 1. 41,250,000 1,141,250,000 260
15. 20% (i) 20% (ii) (i) (ii) (iii) 3. 2017 10 21 261
10% 7. (i) (ii) (iii) 3. 2017 10 21 262
XV23 10% (1) Arcenciel Capital 408,375,000 (L) 37.125% Point Stone Capital 358,875,000 (L) 32.625% (2) 408,375,000 (L) 37.125% (3) 358,875,000 (L) 32.625% 1. L 2. Arcenciel Capital Arcenciel Capital Arcenciel Capital 3. Point Stone Capital Point Stone Capital Point Stone Capital XV23 10% 263
0.73 0.51 0.95 166.7 141.1 2018 12 3146.0% 64.9 2018 12 3113.6% 19.2 2017 2018 12 3112.5% 17.6 264
2018 12 318.9% 12.6 (i) (ii) (iii) iv 2018 12 3110.6% 15.0 2018 6 26 5.87% 15 2018 6 8.4%11.8 0.73 28.6 24.2 265
0.95 (i) 57.548.7 (ii) 94.780.2 (a)20.0 (b) 50.0 (iii) 0.51 (i) 57.5 (ii) 37.5 266
267
(i) (a) (b) (c) (d) (e) (f) (g) (h) 268
(i) (j) (k) (l) (m) (n) (o) (p) (q) (r) (s) 269
(ii) (a) (b) (c) (d) (e) 270
(f) (g) (1) (2) (3) (4) 10.08 10.08 271
10.07(1) (a) 155 (b) (a) (a) 155 10.07(2) 3 12 (a) 155 (b) 272
(a) (b) (c) (d) (a) (b) (a) (b) (a) (b) (c) (e) (a) (b) (c) 273
(a) (i) (ii) (iii) (iv) (a)(i) (ii) (a)(i) (ii) (iii) (a)(i) (ii) (iii) (a) (a) 274
(b) (a) (a) 155 (b) 30 41,250,000 15% 275
5% 5% 1% 34.1 0.730.51 0.95 3A.07 276
(i) 27,500,000 (ii) S 247,500,000 S 25% 27.71% 277
0.95 0.51 0.95 1% 0.0027%0.005% 4,0003,838.29 0.95 13. 2017 11 1 2017 11 1 2017 11 3 2017 11 3 278
www.hkexnews.hk www.potel-group.com 2017 11 8 (www.hkexnews.hk) (www.potel-group.com) 279
11. 30 (www.hkexnews.hk) (www.potel-group.com) 13. 155 280
2017 11 8 (i) (ii) 2017 11 9 27,500,000 275,000,00010% 2.5% 13,752,000 13,748,000 5 5 281
13,748,000 50% 184.2 (i)15 50(ii)50 100 (iii)100 82,500,000110,000,000137,500,000 30%(i)40% (ii)50%(iii) 282
247,500,000 90% 22.5% S 30 41,250,000 15% 283
30 41,250,00015% 571W (i)(ii) (iii) (i) (ii)(iv) (v) (vi) (ii) (iii) (iv) (v) 284
30 571W 41,250,000 2017 11 9 2017 11 9 4,000 1720 285
1. www.hkeipo.hk 2. 18 (i) (ii) 286
3. (a) www.hkeipo.hk 287
(b) 2017 10 272017 11 1 26 4001-2 8 7 1 77 7701A 05B-08 1 6805-6806A 189 29-30 100 28-29 88 32 288
152-158 23-29 S1 33 P2-P7 55 2 2017 10 272017 11 1 81 (c) 2017 10 27 2017 10 30 2017 10 31 2017 11 1 2017 11 1 289
4. (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 290
(ix) (x) (xi) (xii) (i) (ii) SS 902(h)(3) (xiii) (xiv) (xv) (xvi) (xvii) (xviii) 291
(xix) (i) (ii) 5. (a) www.hkeipo.hk (b) 2017 10 272017 11 1 www.hkeipo.hk 24 2017 11 1 (c) 292
(d) 40 40342E 6. (a) (852) 2979 7888 (https://ip.ccass.com) 8 1 293
(b) (i) (ii) 294
40 295
(c) (d) 4,000 4,000 296
(e) 2017 10 27 (1) 2017 10 30 (1) 2017 10 31 (1) 2017 11 1 (1) (1) 2017 10 27 2017 11 12017 10 282017 10 29 2017 11 1 (f) (g) 40 40342E 297
(h) 7. (i) (ii) 2017 11 1 8. 298
9. 4,000 4,000 www.hkeipo.hk 299
10. 2017 11 1 2017 11 1 11. 2017 11 8 www.potel-group.comwww.hkexnews.hk 2017 11 8 www.potel-group.comwww.hkexnews.hk 2017 11 82017 11 14 www.tricor.com.hk/ipo/result 2017 11 8 2017 11 13 (852) 3691 8488 2017 11 8 2017 11 10 300
12. (a) 40 342E 301
(b) (c) (d) 50% 302
13. 0.95 2017 11 8 14. (i) (ii) 303
2017 11 8 2017 11 9 (a) 1,000,000 2017 11 8 183 22 1,000,000 2017 11 8 (b) 1,000,000 1,000,000 2017 11 8 304
2017 11 8 2017 11 8 (c) 1,000,000 2017 11 8 183 22 1,000,000 2017 11 8 305
(d) 2017 11 8 2017 11 8 2017 11 8 306
2017 11 8 2017 11 8 15. 307
I-4 I-52 2014 12 31 2015 12 312016 12 312017 4 30 2016 12 312017 4 30 I-4 I-52 2017 10 27 2 200 I-1
2 2 2016 12 312017 4 30 2014 12 312015 12 312016 12 31 2017 4 30 2016 4 30 2 2410 2 I-2
I-14 11 P05804 2017 10 27 I-3
I. 12 31 4 30 2014 2015 2016 2016 2017 6 270,770 361,726 467,919 120,761 165,062 (219,283) (282,836) (356,559) (91,542) (123,685) 51,487 78,890 111,360 29,219 41,377 7 191 238 105 41 19 (9,611) (13,709) (17,154) (4,752) (6,197) (15,892) (20,801) (28,880) (8,922) (14,549) 8 (5,188) (4,036) (2,287) (742) (770) 9 20,987 40,582 63,144 14,844 19,880 10 (3,199) (6,224) (11,045) (2,409) (4,512) 17,788 34,358 52,099 12,435 15,368 17,788 34,368 52,102 12,435 15,368 (10) (3) 17,788 34,358 52,099 12,435 15,368 I-4
12 31 4 30 2014 2015 2016 2017 14 74,226 101,388 98,384 97,262 15 12,905 12,616 12,327 12,327 16 353 87,131 114,004 111,064 109,589 15 289 289 289 193 17 36,879 40,212 41,582 47,631 18 107,960 118,171 145,864 150,235 19 4,795 2,649 8,627 7,272 24 4,335 4,894 4,757 20 500 470 480 480 21 7,603 11,053 14,311 7,003 162,920 177,601 215,488 212,814 22 21,016 20,431 35,990 26,126 23 7,961 8,393 9,676 10,941 24 5,917 36,563 24 91,311 1,214 2,497 2,962 1,020 25 70,928 45,240 48,000 44,998 107,036 113,124 96,628 174,396 55,884 64,477 118,860 38,418 143,015 178,481 229,924 148,007 I-5
12 31 4 30 2014 2015 2016 2017 26 1,186 2,294 4,009 4,664 141,829 176,187 225,915 143,343 101,000 101,000 101,066 88 38,379 72,747 124,849 143,255 139,379 173,747 225,915 143,343 2,450 2,440 141,829 176,187 225,915 143,343 I-6
2016 12 31 2017 4 30 66 66 57 3,561 (3,504) 66 (3,438) 27 66 88 (3,526) 66 (3,438) I-7
* * * * * a b c 2014 1 1 101,000 190 2,282 18,119 121,591 121,591 17,788 17,788 17,788 2,450 2,450 1,997 (1,997) 2014 12 312015 1 1 101,000 190 4,279 33,910 139,379 2,450 141,829 34,368 34,368 (10) 34,358 3,558 (3,558) 2015 12 312016 1 1 101,000 190 7,837 64,720 173,747 2,440 176,187 52,102 52,102 (3) 52,099 27 66 66 66 (2,437) (2,437) 5,631 (5,631) 2016 12 312017 1 1 101,066 190 13,468 111,191 225,915 225,915 15,368 15,368 15,368 27 (66) (66) (66) 27 88 88 88 2,291 (2,291) (101,000) 3,028 (97,972) (97,972) 10 10 10 2017 4 30 88 190 15,759 3,028 10 124,268 143,343 143,343 I-8
* * * * * a b c 2015 12 312016 1 1 101,000 190 7,837 64,720 173,747 2,440 176,187 12,435 12,435 12,435 1,203 (1,203) 2016 4 30 101,000 190 9,040 75,952 186,182 2,440 188,622 * (a) 30,0002001 11 2 185,000 2013 9 30 160,00093 109 (b) 50% (c) I-9
12 31 4 30 2014 2015 2016 2016 2017 20,987 40,582 63,144 14,844 19,880 6,620 8,595 9,661 3,273 3,266 289 289 289 96 96 (55) (68) (36) (16) (5) 5,188 4,036 2,287 742 770 (13) (105) 4 19 32,924 53,438 75,351 18,939 24,007 (18,055) (10,211) (27,693) 4,835 (4,371) 1,842 2,146 (5,978) (7,958) 1,708 (10,603) (3,333) (1,370) (11,536) (6,049) 11,835 (585) 15,559 14,095 (9,864) 4,637 432 1,283 (2,781) 1,265 106 137 (243) 22,686 42,024 56,909 15,594 6,696 (2,267) (3,833) (8,865) (3,780) (5,799) 20,419 38,191 48,044 11,814 897 I-10
12 31 4 30 2014 2015 2016 2016 2017 (17,917) (35,761) (7,203) (1,574) (2,144) (353) 204 527 417 (2,550) 2,576 55 68 36 16 5 (20,208) (35,693) (4,417) (1,141) (2,139) 81,048 88,181 66,256 11,847 4,304 (80,697) (113,869) (63,496) (29,091) (7,306) (500) 30 (10) 4,400 30,646 (40,898) 2,430 (2,324) (5,188) (4,036) (2,287) (742) (770) 66 86 (66) (937) 952 (40,369) (15,556) (6,076) (726) 3,450 3,258 (4,883) (7,318) 8,329 7,603 11,053 11,053 14,311 10 7,603 11,053 14,311 6,170 7,003 I-11
II. 1. 2016 8 19 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands # 12 31 4 30 2014 2015 2016 2017 2016 8 31 100% 100% 100% 10,000 2016 9 20 100% 100% 100% 10,000 * 2016 12 8 100% 100% 100% 10,000,000 ^^ 2001 3 21 100% 100% 100% 100% 100% 101,000,000 ^ 2010 12 27 100% 100% 100% 100% 100% 30,000,000 ^ 1999 11 17 100% 100% 100% 100% 100% 8,000,000 I-12
# 12 31 4 30 2014 2015 2016 2017 ^ 2015 3 30 100% 100% 100% 100% 30,000,000 ^ 2011 10 11 100% 100% 100% 100% 100% 6,000,000 ^ 2014 11 11 100% 100% 100% 100% 100% 20,000,000 ^** 2011 8 11 51% 51% 2,550,000 # * ** 51% 2014 12 5 2016 10 12 ^ ^^ 2017 1 22 12 31 201420152016 12 31 2016 10 30 I-13
20142015 12 31 () 2 3 2. 2016 8 19 2017 3 27 201420152016 12 312017 4 30 2.1 2 2017 1 1 I-14
4 3. 3.1 5 3.2 3.3 12 (i) (ii) I-15
3.4 3.5 20 10 5 3 5 I-16
3.6 3.7 3.8 (i) 50 I-17
(ii) 3.9 3.10 3.11 I-18
3.12 3.13 3.14 (a) (b) I-19
(c) (i) (ii) (iii) I-20
(d) (i) 37(ii) 18 (e) (f) (g) 39 3.15 I-21
3.16 (a) (b) I-22
(a) (b) (i) (ii) 3.17 3.18 3.19 I-23
3.20 3.21 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (a) (a)(i) (viii) (i) (ii) (iii) I-24
4. 92014 1 15 1 16 2 10 28 3 2 1 15 15 1 20142016 22 4 1 1 2 3 4 2018 1 1 2019 1 1 2016 1 1 2017 1 12018 1 1 92014 9 9 39 939 939 I-25
9 9 39 9 15 15 18 11 15 15 15 15 152018 1 1 15 15 16 16 17 12 16 17 I-26
16 17 30 201420152016 12 31 2017 4138,000 1,361,000 1,431,000 1,700,000 16 2 2016 82 2018 4 1 5. (i) 3.5 3.8 (ii) I-27
(iii) (iv) 6. (i) I-28
201420152016 12 3120162017 4 30 2014 12 31 65,679 196,511 17,240 279,430 (4,577) (2,114) (1,969) (8,660) 61,102 194,397 15,271 270,770 4,383 22,733 4,446 31,562 2015 12 31 119,063 220,877 42,969 382,909 (6,513) (7,159) (7,511) (21,183) 112,550 213,718 35,458 361,726 18,819 21,761 10,728 51,308 2016 12 31 172,822 261,528 57,713 492,063 (10,480) (13,056) (608) (24,144) 162,342 248,472 57,105 467,919 29,763 30,874 15,681 76,318 I-29
2017 4 30 56,775 81,367 31,485 169,627 (655) (3,428) (482) (4,565) 56,120 77,939 31,003 165,062 8,141 11,627 9,436 29,204 2016 4 30 53,150 65,940 10,892 129,982 (6,156) (3,520) 455 (9,221) 46,994 62,420 11,347 120,761 5,620 8,752 3,738 18,110 (ii) 12 31 4 30 2014 2015 2016 2016 2017 31,563 51,308 76,318 18,110 29,204 191 238 105 41 19 (5,579) (6,928) (10,992) (2,565) (8,573) (5,188) (4,036) (2,287) (742) (770) 20,987 40,582 63,144 14,844 19,880 (3,199) (6,224) (11,045) (2,409) (4,512) 17,788 34,358 52,099 12,435 15,368 (iii) 10% I-30
(iv) 10% 12 31 4 30 2014 2015 2016 2016 2017 A 129,050 191,938 265,939 69,949 93,461 B 114,000 134,472 161,239 40,731 58,761 7. 12 31 4 30 2014 2015 2016 2016 2017 55 68 36 16 5 3 (8) 25 170 7 18 105 13 6 46 25 4 191 238 105 41 19 8. 12 31 4 30 2014 2015 2016 2016 2017 5,485 4,838 2,378 751 775 (297) (802) (91) (9) (5) 5,188 4,036 2,287 742 770 2014 2015201620162017 4 30 6.81% 6.61% 4.81% 4.68% 4.87% I-31
9. 12 31 4 30 2014 2015 2016 2016 2017 3 5 31 3 34 289 289 289 96 96 198,137 254,303 322,114 90,730 117,353 8,604 11,730 15,422 5,187 5,577 6,620 8,595 9,661 3,273 3,266 (13) (105) 4 19 109 257 506 102 385 1,904 4,784 13 11,437 15,259 18,293 5,161 6,275 1,724 2,418 2,603 811 1,034 13,161 17,677 20,896 5,972 7,309 I-32
10. 12 31 4 30 2014 2015 2016 2016 2017 3,349 5,716 9,760 2,489 4,503 (730) (600) (430) (430) (646) 2,619 5,116 9,330 2,059 3,857 26 580 1,108 1,715 350 655 3,199 6,224 11,045 2,409 4,512 25% 201420152016 12 31 20162017 4 30 15% I-33
12 31 4 30 2014 2015 2016 2016 2017 20,987 40,582 63,144 14,844 19,880 5,247 10,145 15,786 3,711 4,970 (2,201) (4,204) (6,659) (1,554) (3,032) 32 40 360 20 755 (633) (868) (1,152) (386) (418) 580 1,108 1,715 350 655 174 3 995 268 1,582 3,199 6,224 11,045 2,409 4,512 11. 2017 7 31 47,970,000 12. I-34
13. (a) 2014 12 31 171 10 181 166 10 176 337 20 357 2015 12 31 174 10 184 175 10 185 349 20 369 2016 12 31 175 10 185 173 10 183 348 20 368 I-35
2017 4 30 62 3 65 53 3 56 115 6 121 2016 4 30 52 3 55 53 3 56 105 6 111 (i) (b) 12 31 4 30 2014 2015 2016 2016 2017 2 2 2 2 2 3 3 3 3 3 5 5 5 5 5 I-36
12 31 4 30 2014 2015 2016 2016 2017 402 425 435 141 149 33 34 32 30 30 29 10 12 465 489 496 151 161 12 31 4 30 2014 2015 2016 2016 2017 1,000,000 3 3 3 3 3 (c) 12 31 4 30 2014 2015 2016 2016 2017 1,000,000 3 4 4 4 5 I-37
14. 2014 1 1 116 35,617 44,530 1,364 1,902 83,529 6,175 10,999 743 17,917 (425) (121) (546) 2014 12 312015 1 1 6,291 35,617 55,529 939 2,524 100,900 14,108 20,215 791 608 39 35,761 (63) 63 (79) (79) 2015 12 312016 1 1 20,336 35,617 75,744 1,730 3,116 39 136,582 4,800 2,183 167 53 7,203 (685) (90) (775) 2016 12 312017 1 1 25,136 35,617 77,242 1,730 3,193 92 143,010 808 770 438 128 2,144 (25,944) 25,944 2017 4 30 61,561 78,012 2,168 3,321 92 145,154 2014 1 1 4,238 13,852 813 1,598 20,501 1,692 4,639 144 145 6,620 (331) (116) (447) 2014 12 312015 1 1 5,930 18,491 626 1,627 26,674 1,692 6,465 100 333 5 8,595 (75) (75) 2015 12 312016 1 1 7,622 24,956 726 1,885 5 35,194 1,692 7,110 311 512 36 9,661 (177) (52) (229) 2016 12 312017 1 1 9,314 31,889 1,037 2,345 41 44,626 564 2,423 114 142 23 3,266 2017 4 30 9,878 34,312 1,151 2,487 64 47,892 2014 12 31 6,291 29,687 37,038 313 897 74,226 2015 12 31 20,336 27,995 50,788 1,004 1,231 34 101,388 2016 12 31 25,136 26,303 45,353 693 848 51 98,384 2017 4 30 51,683 43,700 1,017 834 28 97,262 I-38
15. 2014 1 12014 12 31 2015 1 12015 12 31 2016 1 12016 12 31 2017 1 1 14,435 14,435 2014 1 1 952 952 289 289 2014 12 312015 1 1 1,241 1,241 289 289 2015 12 312016 1 1 1,530 1,530 289 289 2016 12 312017 1 1 1,819 1,819 96 289 2017 4 30 1,915 1,915 2014 12 31 13,194 13,194 2015 12 31 12,905 12,905 2016 12 31 12,616 12,616 2017 4 30 12,520 12,520 12 31 4 30 2014 2015 2016 2017 12,905 12,616 12,327 12,327 289 289 289 193 13,194 12,905 12,616 12,520 I-39
16. 12 31 4 30 2014 2015 2016 2017 353 353 17. 12 31 4 30 2014 2015 2016 2017 7,234 15,194 16,390 24,167 4,237 4,023 25,408 20,995 25,192 23,464 36,879 40,212 41,582 47,631 18. 12 31 4 30 2014 2015 2016 2017 107,960 118,171 145,864 149,935 300 107,960 118,171 145,864 150,235 2017 4 30 I-40
12 31 4 30 2014 2015 2016 2017 0 30 39,679 47,501 49,845 47,275 31 60 30,727 44,123 62,728 52,184 61 90 16,453 13,757 10,547 19,797 91 180 19,463 8,058 18,455 26,277 181 365 1,603 4,619 3,122 3,792 365 35 113 1,167 910 107,960 118,171 145,864 150,235 180 360 12 31 4 30 2014 2015 2016 2017 107,925 118,058 144,697 149,095 1 78 1,167 1,030 12 35 110 2 35 107,960 118,171 145,864 150,235 3.14(b) 201420152016 12 312017 4 30 35,000 113,000 1,167,000 1,140,000 I-41
19. 12 31 4 30 2014 2015 2016 2017 211 182 537 379 93 221 35 441 3,136 290 4,000 1,193 1,686 2,290 2,952 162 270 1,765 3,500 4,795 2,649 8,627 7,272 20. 21. 22. 12 31 4 30 2014 2015 2016 2017 19,189 20,431 31,381 25,288 1,827 4,609 838 21,016 20,431 35,990 26,126 I-42
3060 180 12 31 4 30 2014 2015 2016 2017 0 30 16,969 19,217 28,099 19,853 31 60 1,949 1,214 4,079 5,239 61 90 1,827 93 91 180 3,773 898 181 365 39 6 365 271 37 21,016 20,431 35,990 26,126 3060 180 12 31 4 30 2014 2015 2016 2017 20,745 20,431 35,953 26,021 37 95 271 10 21,016 20,431 35,990 26,126 I-43
23. 12 31 4 30 2014 2015 2016 2017 106 611 1,819 211 1,475 1,910 2,399 1,624 2,487 2,582 2,723 6,398 1,505 132 1,574 1,762 1,740 2,365 175 29 477 619 355 84 171 174 631 833 7,961 8,393 9,676 10,941 24. 12 31 4 30 2014 2015 2016 2017 (5,917) (36,563) 4,335 (43,401) (47,910) (5,917) (36,563) 4,335 (91,311) 4,335 20,444 I-44
25. 12 31 4 30 2014 2015 2016 2017 70,928 39,970 45,000 44,998 5,270 3,000 70,928 45,240 48,000 44,998 (i) (ii) 4.75% 5.65% 201420152016 12 31 2017 4 30 26.6 30.0 30.030.0 201420152016 12 31 2017 4 30 5.0 15.015.0 26. 2014 1 1 606 10 580 2014 12 312015 1 1 1,186 10 1,108 2015 12 312016 1 1 2,294 10 1,715 2016 12 312017 1 1 4,009 10 655 2017 4 30 4,664 201420152016 12 312017 4 30 1,826,000 2,688,000 2,473,000 3,470,000 I-45
12 31 4 30 2014 2015 2016 2017 2017 47 47 47 2018 946 946 745 745 2019 833 833 833 833 2020 862 827 827 2021 21 1,065 1,826 2,688 2,473 3,470 10% 2008 1 12007 12 31 10% 2008 1 1 201420152016 12 312017 4 30 26,259,000 48,816,000 83,897,000 98,401,000 27. 2016 12 31 2017 4 30 1.00 10,000 66 0.01 38,000,000 336 1.00 10,000 66 0.01 10,000,000 88 (i) 2016 8 19 10,000 10,000 1.00 10,000 10,000 (ii) 93 109 I-46
(iii) 2017 4 30 2014 1 12014 12 312015 12 31 2016 12 31 2017 4 30 (iv) 2017 3 27 38,000,000 0.01 380,000 10,000 10,000 1.00 380,000 38,000,000 0.01 Point Stone Capital Arcenciel Capital 3,822,0003,978,000 0.01 Point Stone Capital Arcenciel Capital0.011.00 Point Stone Capital Arcenciel Capital4,9005,100 1.00 10,000 1.00 1.00 28. 380,000 38,000,000 78,000 7,800,000 2017 3 27 Arcenciel Capital Point Stone Capital 972,000928,000 300,000Arcenciel Capital Point Stone Capital 4,950,0004,750,000300,000 12 31 4 30 2014 2015 2016 2017 500 470 480 480 500 470 480 480 29. 12 31 2014 2015 70,928 (25,688) 45,240 5,917 30,646 36,563 76,845 4,958 81,803 I-47
12 31 2015 2016 45,240 2,760 48,000 36,563 (40,898) (4,335) 81,803 (38,138) 43,665 12 31 4 30 2016 2017 48,000 (3,002) 44,998 (4,335) (2,324) (6,659) 43,665 (5,326) 38,339 2017 4 3097,970,000 30. 1-5 12 31 4 30 2014 2015 2016 2017 138 293 632 728 1,068 799 972 138 1,361 1,431 1,700 31. 12 31 4 30 2014 2015 2016 2017 20,057 6,952 3,600 3,600 I-48
32. 33. 12 31 4 30 2014 2015 2016 2017 109,364 120,039 148,691 153,566 4,335 4,894 4,757 500 470 480 480 7,603 11,053 14,311 7,003 25,255 25,708 43,562 35,192 5,917 36,563 91,311 70,928 45,240 48,000 44,998 (a) I-49
201420152016 12 312017 4 30 25 4 30 12 31 2014 2015 2016 2017 +/-100 -/+434 -/+409 -/+190 -/+84 (b) 201420152016 12 31 20162017 4 30 92,955,000 107,772,000 137,460,000 105,612,000 141,888,000 86.1% 91.2% 94.2% 93.2% 94.4% I-50
(c) 2014 12 31 21,016 21,016 21,016 4,239 4,239 4,239 5,917 5,917 5,917 70,928 72,763 72,763 102,100 103,935 103,935 2015 12 31 20,431 20,431 20,431 5,277 5,277 5,277 36,563 36,563 36,563 45,240 45,846 45,846 107,511 108,117 108,117 I-51
2016 12 31 35,990 35,990 35,990 7,572 7,572 7,572 48,000 49,225 49,225 91,562 92,787 92,787 2017 4 30 26,126 26,126 26,126 9,066 9,066 9,066 91,311 91,311 91,311 44,998 45,465 45,465 171,501 171,968 171,968 (d) 20142015 2016 12 312017 4 30 34. 2017 3 27 93 109 2017 750.0 242 47,970,000 10 2017 10 21 10.0 2017 10 21 3. 2017 10 21 35. 2017 4 30 I-52
(A) 4.29 7 2017 4 30 2017 4 30 2017 4 30 2017 4 30 1 2 3 4 0.51 143,343 101,479 244,822 0.22 0.26 0.95 143,343 198,894 342,237 0.31 0.37 II-1
1. 2017 4 30 2017 4 30143,343,000 2. 2017 4 30 0.51 0.95 275,000,0001.001.18 3. 2017 4 30 1,100,000,000 4. 1.001.18 5. 2017 4 30 II-2
(B) 2017 10 27 A 2017 4 30 A 2017 4 30 2017 4 30 2017 4 30 4.29 7 7 II-3
1 4.29(7) 3420 4.29 7 2017 4 30 II-4
(a) (b) (c) 4.29(1) 2017 10 27 II-5
2017 7 31 www.peakval.com (852) 2187 2238 (852) 2187 2239 2017 7 31 III-1
2017 3 10 III-2
2012 188 702 MRICS, MHKIS, RPS (G.P.), RICS Registered Valuer, MCIREA 2017 10 27 20 III-3
2017 7 31 2017 7 31 1 8899 44,300,000 100% 44,300,000 2 37,700,000 100% 37,700,000 82,000,000 82,000,000 III-4
2017 7 31 1 8899 2003 2012 38,969.51 1 2 3 1,230.00 11,300 2022 12 31 44,300,000 100% 44,300,000 5 1 5 23,285.55 1 3,418.96 2 3,347.82 3 7,344.77 1,527.05 5 7,646.95 23,285.55 4 6 7,665.82 2053 6 30 III-5
i) 2015 7 9-2015D046 38,969.51 2053 6 30 ii) 5-1662 1663 1664 1665 1666 23,285.55 1662 1 1 2015 7 10 3,418.96 1663 2 1 2015 7 10 3,347.82 1664 3 4 2015 7 10 7,344.77 1665 5 2015 7 10 1,527.05 1666 5 4 2015 8 18 7,646.95 23,285.55 iii) iv) 2017 2 10 [2017]0036 2018 7 17 2015 2 27 2015 2 27 v) 2003 3 25 38,969.50 a) b) 38,969.50 c) d) 50 e) 3,008,679.80 f) 1.50 g) 30% h) 30% i) 2003 8 31 III-6
vi) 2006 12 10 a) 3,008,679.80 4,091,798.24 b) 4% c) vii) 7,665.82 viii) a) b) c) d) viii(b) e) 6 f) viii(e) 6 5% 10% 10% g) viii(e) 6 1% 2% h) viii(e) 6 2% 4% III-7
i) j) 1,000 10,000 ix) 253 240 263 III-8
2017 7 31 2 66,623.00 3 2017 37,700,000 100% 37,700,000 3 1 2 18,956.40 2 9,884.00 3 9,014.40 58.00 18,956.40 3,593.00 2063 4 22 III-9
i) 2013 8 15-2013D053 66,623.00 2063 4 22 ii) iii) 2013 11 2 360100201310067 99.93 2014 6 253 360100201410150 360100201410151 3601002014101522 3 12 360100201410150 2 2 9,884.00 360100201410151 3 1 9,014.40 360100201410152 3 3,593.00 22,491.40 iv) 2015 2 9 360101201502094201 22,491.402 3 v) 2013 4 22 3620130101002966,623.00 a) 66,623.00 b) c) d) 50 e) 8,524,413.00 f) 106,596.00 g) 1.601.00 h) 40%33% i) 20% j) 2013 10 222015 4 22 III-10
vi) a) b) 2 3 c) d) 300 e) vi(b) 2 3 2 3 2 3 f) 2 3 vii) 203 191 263 III-11
2016 8 19 2219613 1. (a) 27(2) (b) 2. 2017 10 21 (a) (i) (ii) IV-1
) (iii) (i) (ii) (iii) (iv) (v) IV-2
(iv) (30) IV-3
(v) (vi) (vii) (20%) (14) IV-4
(20%) (b) (i) IV-5
(aa) (bb) (cc) (6) (dd) (ee) (ff) (ii) (a) (b) IV-6
(iii) (iv) IV-7
(v) IV-8
(vi) (vii) 622 (viii) IV-9
(aa) (bb) (cc) (dd) (ee) IV-10
(c) (d) (e) (i) (15) (ii) IV-11
(iii) (15)(18) (iv) (21) (20) (14) (10) IV-12
(aa) (bb) (cc) (dd) (ee) (ff) (20%) (gg) (v) IV-13
(vi) (f) (21) IV-14
(g) (i) (ii) (a) (b) IV-15
(h) (2) 2.50 1.00 (i) 3(f) IV-16
(j) (i) (ii) (k) IV-17
3. (a) (b) (a) (b) (c) 37 (d) (e) IV-18
(c) (d) IV-19
(e) (f) (a) (b) (c) (a)(b) (c) (d) IV-20
(g) (h) (i) (ii) (iii) (i) (j) (1) (2) 2017 4 28 20 IV-21
2010 (k) (l) (m) (n) IV-22
(o) (60) (p) 25% (q) (a) (b)(c) IV-23
21 (r) (75%) (s) (4)(90%) (4) (2) (1) (t) IV-24
4. Conyers Dill & Pearman IV-25
1. 2016 8 19 2. (a) (b) (c) (d) (e) (f) 2016 8 19 10,000 10,000 1.00 NovaSage Incorporations (Cayman) Limited Arcenciel Capital 2016 8 19Arcenciel Capital Point Stone Capital 5,0994,900 5,099 4,900 2017 3 2738,000,000 0.01 380,000 10,000 10,000 1.00 380,000 38,000,000 0.01 2017 3 27Arcenciel Capital Point Stone Capital 972,000928,000Arcenciel Capital Point Stone Capital 4,950,0004,750,000 2017 3 2017 3 27 3% 2017 3 27 300,000 Point Stone Capital 2017 3 31 Point Stone Capital400,000 4% 9,820,000 V-1
(g) (c) Point Stone Capital Arcenciel Capital 3,822,0003,978,000 0.01 Point Stone Capital Arcenciel Capital0.01 1.00Point Stone Capital Arcenciel Capital 4,9005,100 1.00 10,000 1.00 1.00 380,000 38,000,000 100,000 10,000,000 (h) 2017 10 21 2,962,000,000 380,00030,000,000 1,100,000,000 1,900,000,000 1,141,250,000 1,858,750,000 3 4 3. 2017 10 21 2017 10 21 (a) 2,962,000,000380,000 30,000,000 (b) (c) V-2
(d) 30 (i) (ii) (iii) 8,150,000 815,000,0002017 10 21 (iv) (aa) 20% (bb) (vi) V-3
(v) 10% (vi) (v) 4. 5. 6. 7. (a) (b) V-4
(1)(2) (3) (4) (5) 1,100,000,000 110,000,000 (c) (d) 26 V-5
8. 188 702 9. (a) (b) (c) (d) (e) (f) (g) 2016 12 30 6,780,000 3% 2017 1 51% 46% 97,970,000 2017 3 21 2017 3 27 3% 2017 3 27 300,000 Point Stone Capital 2017 3 31 Point Stone Capital400,000 4% 9,820,000 2017 7 29 20 2017 7 29 30 V-6
(h) (i) 10. 1. 9 6481276 2010 3 282020 3 27 2. 9 6374483 2010 5 72020 5 6 3. 9 5020306 2008 11 72018 11 6 4. 9 5020287 2009 4 72019 4 6 5. 9 3078218 2013 5 72023 5 6 6. 9 8659321 2011 9 282021 9 27 7. 9 5457788 2011 3 212021 3 20 8. 9 14782045 2015 7 72025 7 6 9 DVD V-7
1. 9 2 304047679 2017 2 14 2. 9 2 23063317 2017 3 8 3. 38 6 23064242 2017 3 8 4. 6 1 23064880 2017 3 8 5. 40 7 23064676 2017 3 8 6. 35 4 23063443 2017 3 8 7. 42 8 23064703 2017 3 8 8. 37 5 23064795 2017 3 8 9. 21 3 23064793 2017 3 8 10. 35 4 22617898 2017 1 13 11. 9 2 18848645 2016 1 11 12. 9 2 16824949 2015 4 28 13. 6 1 22618298 2017 1 13 14. 21 3 22617724 2017 1 13 15. 37 5 22961462 2017 2 28 16. 9 2 22945389 2017 2 27 17. 42 8 22961517 2017 2 28 V-8
18. 40 7 22962058 2017 2 28 19. 35 4 22944631 2017 2 27 20. 6 1 22961831 2017 2 28 21. 21 3 22962109 2017 2 28 22. 38 6 22962055 2017 2 28 23. 9 2 22755548 2017 2 4 24. 35 4 22617885 2017 1 13 25. 9 2 22617857 2017 1 13 26. 9 2 18979150 2016 1 25 27. 9 2 24812800 2017 6 27 28. 35 4 24812796 2017 6 27 29. 9 2 24770822 2017 6 14 : 1. 6 V-9