380 2007

2 3 6 7 10 20 22 23 24 25 26 27 1

a a a a c d d d d d c a b b b d d e a. b. c. d. e. 183 46 UFJ Canon s Court 22 Victoria Street Hamilton HM 12 Bermuda 22-26 A 12 (852) 2728 7237 (852) 2387 2999 618 (852) 2395 0181 (852) 2787 3421 30 (852) 2473 3660 (852) 2442 2766 7-11 A (852) 2866 6001 (852) 2866 6339 13 B (853) 2855 3693 (853) 2895 1020 104 Lot 3719 (852) 2471 9048 (852) 2482 1298 885 2803 200010 86-21-6355 9755 86-21-6355 9699 3 86-20-6194 9418 86-20-6194 9428 86-20-8455 4077 2

67,104,00059,302,000 13.16% 2.61%633,668,000617,556,000 12.24% 0.55 0.49 0.08 0.08 633,668,0002.61% 67,104,000 59,302,00013.16% 155,762,000 24.58% 167,382,00027.10% 2.01% 18,968,0002.48%75,737,000 23,202,000 67,104,000 59,302,0007,802,000 3

YOHO Town Landmark East 9 172,000,000 2433 71715 Dell Inc. 4

5

33,272,000 101,219,000 384,191,000315,125,000 320,067,000 143,931,00042,600,000 480,000 0.34 0.24 42,600,000 234163 52,940,00057,432,000 6

A.2.1 14 3.13 7

a 3/4 a 3/4 1/1 a 3/4 1/1 a 3/4 c 3/4 c 3/4 a 3/4 b 3/4 1/2 1/1 b 3/4 1/2 1/1 1/1 b 3/4 1/2 1/1 1/1 d 1/4 d 1/4 d 1/4 d 1/4 d 1/4 d 1/4 1/2 d 1/4 1/2 e 1/4 1/2 a. b. c. d. e. 10 8

990,000500,000 9

18 5 6 7 22 0.040.044,837,0004,837,000 0.0810,026,000 28 16 17 27 106,931,000 98,691,000 10

431,618 445,260 522,921 617,556 633,668 39,551 60,236 51,113 71,616 84,583 (6,112) (9,961) (8,589) (12,314) (17,479) 33,439 50,275 42,524 59,302 67,104 33,439 50,430 42,524 59,302 67,104 (155) 33,439 50,275 42,524 59,302 67,104 325,302 398,665 425,261 523,353 817,492 (104,226) (136,441) (132,606) (183,489) (369,883) 221,076 262,224 292,655 339,864 447,609 2 11

a a a a c d d d d d a a b b b d d e a. b. c. d. e. 102(B) 12

39 B 50 49 32 13

40 44 64 50 University of LeedsUniversity of Bradford 47 14

60 Concordia University 59 30 5430 44 25 50 28 41 22 4220 15

3710 36 37 15 49 22 4610 31 31(a) 16

14A.38 4400 (i) (ii) 352 0.002 9,001,500,000 (L) 71.82% (L) Maxable International Enterprises Limited XV 68 17

336 5% Maxable International 9,001,500,000 (L) 71.82% Enterprises Limited 1 3 9,001,500,000 (L) 71.82% 2 3 3,700,000,000 (L) 29.52% 3 (L) 1. Maxable International Enterprises Limited 2. Maxable International Enterprises Limited 3. Maxable International Enterprises Limited Maxable International Enterprises Limited3,700,000,000 5% 18

17.41% 56.60% 4.55% 19.05% 5% (i) 46,000,000 200,763,000 (ii) 68,100,000 19

22 72 90 20

21

5 633,668 617,556 8 (477,906) (450,174) 155,762 167,382 6 20 146 7 27,226 3,333 8 (18,968) (19,357) 8 (75,737) (77,667) 88,303 73,837 9 (3,720) (2,221) 84,583 71,616 10 (17,479) (12,314) 67,104 59,302 67,104 59,302 15 0.55 0.49 15 12 14,863 14,511 22

16 12,400 4,111 17 243,363 16,800 21 3,257 1,085 26 1,714 259,020 23,710 20 271,984 233,634 21 221,552 161,099 22 22,938 3,501 31 8,586 140 190 23 33,272 101,219 558,472 499,643 817,492 523,353 27 25,065 24,185 28 412,518 306,005 12 10,026 9,674 447,609 339,864 25 70,000 26 5,780 571 75,780 571 24 88,275 49,594 31 968 1,449 6,100 25 204,379 126,256 294,103 182,918 817,492 523,353 264,369 316,725 523,389 340,435 23

18 271,938 86,938 21 10,225 217 18 30,805 28,132 22 22,938 190 23 1,347 44,699 65,315 73,238 337,253 160,176 27 25,065 24,185 28 176,323 118,362 12 10,026 9,674 211,414 152,221 18 70,000 2,068 7,955 18 53,182 589 55,839 7,955 337,253 160,176 9,476 65,283 281,414 152,221 24

24,185 29,345 34,115 3,700 201,310 292,655 59,302 59,302 (7,256) (7,256) (4,837) (4,837) 24,185 29,345 34,115 3,700 248,519 339,864 24,185 29,345 34,115 3,700 248,519 339,864 4,199 4,199 67,104 67,104 4,199 67,104 71,303 27 28 880 50,073 50,953 (9,674) (9,674) (4,837) (4,837) 880 50,073 (14,511) 36,442 25,065 79,418 34,115 3,700 4,199 301,112 447,609 25

29 (8,783) 4,893 (5,125) (4,553) 1,405 2,332 (15,157) (7,141) (27,660) (4,469) (10,510) (1,491) 170 38 (199,883) (15,149) 1,102 20 146 (225,352) (205) 206,091 (62,000) (1,686) 4,023 55,848 (14,511) (12,093) 50,953 184,556 42,069 (68,456) 37,395 500 101,219 63,824 23 33,263 101,219 26

1 Canon s Court, 22 Victoria Street, Hamilton HM 12, Bermuda On Top Industrial LimitedOn TopOn Top 50.61% On Top Jong Yee LimitedJong Yee Kingsville Inc.KingsvilleManhattan Properties LimitedManhattan PropertiesClick Fort Limited Click Fort 23.82%25.57% Jong Yee Jong Yee Unit TrustJont Yee Unit Trust Karny Trust Kingsville Kingsville Unit TrustKingsville Unit Trust Fungming Trust Manhattan Properties Manhattan Trust St. George s Trust Company LimitedManhattan Trust Click Fort On Top Jong Yee Kingsville Manhattan Properties Click Fort Maxable International Enterprises LimitedMaxable Maxable 74.43% Maxable 27

2 (a) 4 1 7 7 8 9 10 29 2 71 9 10 7 8 1 1 1 28

2 (a) 23 23 2 2 8 814SFAS 131 8 27 () 27 () 3 3 29

2 (a) 112 11 12 12 13 13 1419 19 14 (b) 30

2 (b) (c) (d) (i) (ii) (iii) (i) (ii) (iii) 31

2 (d) (e) 5 5 5 3 3 3 (f) (International Valuation Standards Committee) 32

2 (g) (h) (i) 2(k) 33

2 (j) (k) (l) (m) (n) (o) (p) (i) 34

2 (p) (ii) (iii) 5%1,000 (q) 35

2 (r) (i) (ii) (iii) (iv) (s) 3. 3.1 (a) 0.3%92,0007,000 36

3. 3.1 (b) 3.7% 6.6%274,370,0004.6% 5.2%126,256,000 10 108,000 95,000 (c) (i) A1 10,599 69,434 Aa3 9,207 8,157 Aa1 327 381 20,133 77,972 (i) 37

3. 3.1 (c) 17,084 8,664 16,040 5,558 12,452 4,858 12,209 4,470 11,095 4,289 7,835 4,048 76,715 31,887 (d) 38

3. 3.1 (d) 88,275 204,379 6,780 20,340 42,880 49,594 968 126,256 2,068 53,182 6,780 20,340 42,880 7,955 (e) 10% 2,294,000350,000 3.2 39

3. 3.2 100% 274,379 126,256 817,492 523,353 34% 24% 3.3 4 4.1 (a) i) 40

4 4.1 (a) ii) iii) (b) 41

4 4.1 (c) (d) (e) 5 (a) (i) (ii) 631,908 1,760 633,668 61,465 24,639 (1,062) 3,261 88,303 9 (3,720) 84,583 10 (17,479) 67,104 42

5 (a) 616,463 1,093 617,556 71,963 1,645 229 73,837 9 (2,221) 71,616 10 (12,314) 59,302 16 2,368 74 2,442 2,008 74 2,082 8 932 932 1,500 1,500 8 2,203 2,203 1,908 1,908 17 16 17 43

5 (a) 524,209 248,554 10,079 34,650 817,492 (246,436) (113,780) (370) (9,297) (369,883) 16 17 6,187 203,523 683 210,393 782,842 (360,586) (5,780) 140 (1,449) 1,347 10,225 (2,068) 22,938 817,492 (369,883) 452,924 20,108 50,321 523,353 (168,441) (422) (14,626) (183,489) 16 17 1,491 1,491 44

5 (a) 473,032 (168,863) 1,714 (571) 190 (6,100) 44,699 217 (7,955) 3,501 523,353 (183,489) (b) 614,364 603,331 12,056 14,225 7,248 633,668 617,556 579,631 511,250 235,220 12,103 2,641 817,492 523,353 45

5 (b) 18,061 1,449 192,226 42 106 210,393 1,491 6 20 146 7 23,202 4,288 1,565 (434) 2,053 170 (285) 27,226 3,333 46

8 468,253 441,013 1,490 590 2,442 2,082 13 52,940 57,432 14,392 13,940 932 1,500 2,203 1,908 29,959 28,733 572,611 547,198 477,906 450,174 18,968 19,357 75,737 77,667 572,611 547,198 9 (1,405) (2,332) 5,014 4,537 105 6 16 3,720 2,221 10 10,070 12,060 493 427 (7) (246) 26 6,923 73 17,479 12,314 47

10 17.5% 17.5% 33% 33% 25% 25% 1,044,000 84,583 71,616 17.5% 17.5% 14,802 12,533 1,051 213 (53) (49) 260 (301) (210) 1,727 73 (7) (246) 17,479 12,314 11 22,751,00014,235,000 12 0.040.04 4,837 4,837 0.080.08 10,026 9,674 14,863 14,511 0.08 13 51,817 56,239 1,123 1,193 52,940 57,432 48

14 (a) a 1,117 7 1,124 a 1,117 60 7 1,184 a 1,117 60 7 1,184 a 116 116 c 684 6 690 b 100 100 b 100 100 b 100 100 a 117 117 c 100 100 d 946 400 7 2,209 3,562 5,460 d 1,558 120 7 2,209 3,894 6,416 d 1,258 7 1,428 2,693 3,034 d 892 400 7 2,209 3,508 5,297 e 1,505 d 252 56 7 408 723 707 f 60 60 d 60 60 120 d 60 60 120 g 120 9,754 1,096 62 8,463 19,375 9,297 1,892 66 11,524 22,779 a. b. c. d. e. f. g. 49

14 (b) 1,000,000 11 4 1,000,0011,500,000 3 1,500,0012,000,000 1 2,000,0012,500,000 2,500,0013,000,000 1 3,000,0013,500,000 1 3,500,0014,000,000 3 4,000,000 3 18 9 480,000360,000 216,667 (c) (d) (a) 15 67,104,00059,302,000 12,185,522,00012,092,700,000 27(i) 50

16 2,917 92 543 127 1,346 5,025 37 55 293 801 305 1,491 (323) (323) (821) (29) (335) (167) (730) (2,082) 1,810 118 501 761 921 4,111 7,232 516 195 3,313 5,400 6,530 23,186 (5,422) (516) (77) (2,812) (4,639) (5,609) (19,075) 1,810 118 501 761 921 4,111 1,810 118 501 761 921 4,111 21 13 115 72 221 1,258 491 30 2,786 1,734 4,211 10,510 (874) (7) (41) (435) (522) (563) (2,442) 2,215 484 120 2,967 1,973 4,641 12,400 8,511 1,007 239 6,220 7,134 8,292 31,403 (6,296) (523) (119) (3,253) (5,161) (3,651) (19,003) 2,215 484 120 2,967 1,973 4,641 12,400 2,442,0002,082,000 51

17 16,800 16,800 3,478 199,883 7 23,202 243,363 16,800 1,760 1,093 42,600,000 25(h) 10 50 42,600 16,800 50 200,763 52

17 1,620 760 1,255 2,875 760 18 271,938 86,938 70,000,000 1.25% World Trade Bun Kee 10,000 100% (BVI) Ltd. 1 100 100% 1 100 100% 1 53

18 100 100% 1 3,000,000 1 800 100% 100 1,000 100% 100 600,000 100% 1 1,000 100% 100 100,000 100% 1 54

18 100 100% 1 200,000 100% 5,850,000 100% 50,000 100% 10,000,000 100% 2,600,000 100% 55

19 22 22,938 22,938 222,579 222,579 31 8,586 8,586 23 33,272 33,272 264,437 22,938 287,375 22 3,501 3,501 157,715 157,715 23 101,219 101,219 258,934 3,501 262,435 24 88,275 25 274,379 362,654 24 49,594 31 968 25 126,256 176,818 56

19 22 22,938 22,938 10,119 10,119 18 30,805 30,805 23 1,347 1,347 42,271 22,938 65,209 18 28,132 28,132 23 44,699 44,699 72,831 72,831 2,068 18 123,182 125,250 7,955 57

20 271,984 233,634 11,551,0009,348,000 468,253,000441,013,000 21 193,067 142,480 (2,432) (2,200) 190,635 140,280 2,230 4,469 106 217 28,534 14,127 10,119 3,410 3,308 224,809 162,184 10,225 217 (3,257) (1,085) 221,552 161,099 10,225 217 189,705 139,961 3,362 2,519 193,067 142,480 58

21 90 120 110,563 76,944 30 41,829 27,863 3160 17,988 15,796 6190 10,272 6,187 91120 4,620 7,510 120 7,795 8,180 193,067 142,480 80,072,00063,336,000 30 41,829 27,863 3160 17,988 15,796 6190 10,272 6,187 91120 4,620 7,510 120 5,363 5,980 80,072 63,336 2,432,0002,200,000 2,432,0002,200,000 120 12,091,000 59

21 2,200 5,707 1,047 1,500 (700) (5,007) (115) 2,432 2,200 22 22,938 3,501 22,938 60

23 33,272 87,745 1,347 44,699 13,474 33,272 101,219 1,347 44,699 33,175 101,126 1,347 44,699 33,272 101,219 1,347 44,699 25 (9) 33,263 101,219 1,347 44,699 3.72% 4.03% 7 21 26,192 95,940 1,347 44,699 (i) 4,090 1,247 1,299 965 846 3,133 778 1 33,272 101,219 1,347 44,699 (i) 61

24 37,960 7,123 50,315 42,471 88,275 49,594 30 21,600 3,137 3160 9,998 2,163 6190 5,792 1,602 90 570 221 37,960 7,123 52,074 47,029 30,554 2,189 3,416 375 2,013 218 1 88,275 49,594 62

25 (a) 70,000 (b) 74,091 (b) 130,279 126,256 23 (b) 9 204,379 126,256 274,379 126,256 140,600 126,256 (h) 133,779 274,379 126,256 (a) 1.25% 70,000 71,347 4.70% (b) (c) 40,000,000 23,779,000 63

25 (d) 4.97% 4.45% 4.78% 4.78% 10.66% (e) 6,780 20,340 27,120 42,880 70,000 (f) 64,124 171,194 64

25 (g) 80,880 20,340 42,880 144,100 (h) 384,191,000315,125,000 320,067,000 143,931,00042,600,000 26 1,714 (5,780) (571) (5,780) 1,143 65

26 1,143 1,216 10 (6,923) 73 (5,780) 1,143 78 89 1,636 1,302 1,714 1,391 (78) (11) (1,636) 334 (1,714) 323 78 1,636 1,714 (220) (175) (351) (571) (175) (170) (45) (5,039) (351) (5,209) (396) (390) (220) (5,390) (351) (5,780) (571) 66

27 0.1 500,000,000 50,000 (i) 4,500,000,000 450,000 (ii) 245,000,000,000 0.002 250,000,000,000 500,000 0.1 241,854,000 24,185 (ii) 11,850,846,000 (iii) 440,000,000 880 0.002 12,532,700,000 25,065 (i) (ii) (iii) 4,500,000,0000.1 50,000,000500,000,000500,000,0005,000,000,000 0.10.002 0.12 440,000,0000.002 50,953,000 67

27 28 (a) (b) (c) 10 10% i ii 29,345 34,115 3,700 201,310 268,470 59,302 59,302 12 (7,256) (7,256) (4,837) (4,837) 29,345 34,115 3,700 248,519 315,679 12 (9,674) (9,674) 29,345 34,115 3,700 238,845 306,005 29,345 34,115 3,700 248,519 315,679 27 50,073 50,073 4,199 4,199 67,104 67,104 12 (9,674) (9,674) (4,837) (4,837) 79,418 34,115 4,199 3,700 301,112 422,544 12 (10,026) (10,026) 79,418 34,115 4,199 3,700 291,086 412,518 68

28 iii) 86,759 29,345 9,790 125,894 14,235 14,235 12 (7,256) (7,256) (4,837) (4,837) 86,759 29,345 11,932 128,036 12 (9,674) (9,674) 86,759 29,345 2,258 118,362 86,759 29,345 11,932 128,036 28 50,073 50,073 22,751 22,751 12 (9,674) (9,674) (4,837) (4,837) 86,759 79,418 20,172 186,349 12 (10,026) (10,026) 86,759 79,418 10,146 176,323 (i) (ii) (iii) (iv) World Trade Bun Kee (BVI) Ltd. 106,931,000 98,691,000 69

29 84,583 71,616 2,442 2,082 (170) 285 (23,202) (4,288) (1,565) (1,405) (2,332) (20) (146) 5,125 4,553 (38,350) (31,076) (62,625) (30,182) (8,586) 38,681 (9,310) (968) 968 (8,783) 4,893 323 170 (285) 170 38 70

30 15,114 12,751 16,421 6,234 31,535 18,985 31 Maxable International Enterprises Limited71.82%28.18% (a) 11,747 11,664 (b) 22,938,000 71

31 (c) (i) 968 (ii) 8,586 (i) (ii) (d) 29,769 24,433 979 410 30,748 24,843 32 (i) 46,000,000 200,763,000 (ii) 33 68,100,000 Maxable International Enterprises Limited 72