i

Overseas Chinese Town (Asia) Holdings Limited 03366

... 1.... 4... 16... 19.... 143... 174... 180 i

(i) (ii) 1 2 4 56 03366 1

2048 S 144A 73,371,900 Credit Suisse (Hong Kong) Limited 2

Pacific Climax Pacific Climax Limited 571 0.01 % 3

Overseas Chinese Town (Asia) Holdings Limited 03366 Clifton House 75 Fort Street P.O. Box 1350 Grand Cayman KY1-1108 Cayman Islands 6 3203-3204 1,750,000,000 4

(1) (2) (3) (a) (b) (c)(e) (1) 73,371,900 (2) 5

(i)(ii) (i) (ii) 1,750,000,000 1,065,720,042.99(i) 1,055,087,92273,371,900 x 14.38(ii) 10,632,120.99 (a) 25 Top 100Top 5 Top 100 6

39.1%56.8%62.8%-65.8% (b) 4,330 37.2 (c) 20.8% 20.7%14.4% 42.2% (d) H 2869.hk3319. hk 2669.hk 23.8A 002285.sz00560.sz 002377.sz603506.sh 25.1 23 7

(a) (b) (c)(e) (a) (b) 8

(c) (d) (e) (i) 180 (a) (b) (c)(e)(ii) (1) (2) (3) (4) (5) 9

(1) (2) (3) (4) (5) 73,371,900 5.00%4.99% 10

IFRS 289,225 788,805 971,257 177,154 572,169 765,306 2,162,623,000 1 2 45 6 11

908,569,000 908,569,000 25% 100% 14 Pacific Climax Pacific Climax530,894,000 70.94% 12

14.67(6)(a)(i) 14.67(6)(a)(i)4 14.67(6)(a)(i) 14.67(6)(a)(i) IFRS 31b IFRS 13

14.67 http://www.hkexnews.hk/listedco/listconews/sehk/2018/0710/ltn20180710030_c.pdf http://www.hkexnews.hk/listedco/listconews/sehk/2018/0831/ltn201808311513_c.pdf 14.67 14.67(6)(a)(i) 14.67(6)(a)(i) 14

15

1. (http://www.hkexnews.hk/listedco/listconews/sehk/2016/0407/ltn20160407370_c.pdf) 59138 (http://www.hkexnews.hk/listedco/listconews/sehk/2017/0426/ltn20170426482_c.pdf) 77172 (http://www.hkexnews.hk/listedco/listconews/sehk/2018/0413/ltn20180413404_c.pdf) 77178 http://www.hkexnews.hk/listedco/listconews/sehk/2018/0912/ltn20180912605_c.pdf 2872 2. 3. 7,300.89 1,809.085,491.61 0.20 750.02 16

833.21 4. 5. 4,905 8.5% 1,107 187.1% 34.0% 3.3 23,74613,313 15.6%96.7% 17

++ ++ + 18

(http://www.hkexnews.hk/listedco/listconews/sehk/2018/0710/02048_3395729/c129.pdf) (http://www.hkexnews.hk/listedco/listconews/sehk/2018/0831/ltn201808311513_c.pdf) I-4I-101 19

201520162017 12 312018 3 31 201520162017 12 312018 3 31 2017 12 31 2018 3 31 I-4 I-1012018 7 10 1b 200 1b 20

1b 201520162017 12 312018 3 31 2017 3 31 1b 2410 1b 21

I-4 13 2018 7 10 22

IFRS 23

3 31 12 31 2015 2016 2017 2017 2018 5 2,716,446 3,996,129 4,633,360 854,794 930,202 (1,736,714) (2,401,923) (2,623,332) (500,588) (503,388) (125,551) (130,539) (236,053) (29,231) (30,378) (86,837) (94,133) (105,571) (25,248) (26,613) (27,258) (24,190) (27,870) (9,308) (6,291) 8A (63,441) (103,959) (119,866) (10,673) (12,143) (158,180) (176,464) (224,424) (37,003) (29,801) (24,967) (51,726) (9,174) (20,676) (215,794) (253,812) (284,539) (53,741) (52,735) 7 22,219 39,270 38,256 1,612 17,586 8B (4,432) (2,519) 3,355 496 (21,726) (4,877) (3,801) (8,831) (4,126) (1) (17,406) 92 (531) 148 158 (1,638) 9 (26,448) (29,756) (21,650) (6,642) (5,551) 289,225 788,805 971,257 171,326 219,441 10 (112,071) (216,636) (205,951) (36,228) (67,066) 11 177,154 572,169 765,306 135,098 152,375 165,209 486,969 352,020 56,000 93,875 11,945 85,200 413,286 79,098 58,500 177,154 572,169 765,306 135,098 152,375 14 16.52 53.20 70.40 11.20 13.54 8.81 24

12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 15 55,802 65,148 62,249 57,541 16 5,266 12,581 18,688 18,213 17 5,109 5,109 5,109 5,109 18 16,895 11,206 5,744 4,488 19 4,893 5,962 11,015 9,377 21 84,978 85,495 15,868 26 208,255 350,179 504,234 470,842 20 15,396 17,663 31,669 25,811 38(a) 7 7 7 9,318,225 396,594 553,343 638,708 607,249 7 7 7 9,318,225 20 1,392,244 2,290,708 3,308,002 2,231,579 20 25,259 40,668 71,590 87,951 42 4,879 21 470,241 365,040 379,070 1,319,609 631 674 167,815 160,871 22 20,000 20,000 23 23 500 465,756 63,623 974,946 131,264 1,791,290 82,720 3,182,165 1 2 1,086,692 93,255 2,354,000 3,734,985 5,701,216 6,924,024 632 676 1,254,549 259,005 24 68,484 109,614 174,561 119,493 36,255 64,541 83,468 105,967 536,728 961,546 1,161,640 806,523 24 124,146 253,518 1,604,386 2,162,229 1,253,850 21,487 301,891 567,929 405,733 372,027 21 331,557 478,606 297,294 312,855 726 790 768 778 25 160,000 390,000 450,000 550,000 1,559,061 2,825,754 4,177,082 4,429,094 726 790 1,254,618 22,265 794,939 909,231 1,524,134 2,494,930 (94) (114) (69) 236,740 1,191,533 1,462,574 2,162,842 3,102,179 (87) (107) (62) 9,554,965 25 290,000 26 513 366 219 182 290,513 366 219 182 901,020 1,462,208 2,162,623 3,101,997 (87) (107) (62) 9,554,965 27 226,263 330,007 330,076 76 7 7 76 76 1,229,977 1,229,977 620,998 376,023 695,034 1,756,215 (94) (114) (138) 8,324,912 847,261 706,030 1,025,110 2,986,268 (87) (107) (62) 9,554,965 53,759 756,178 1,137,513 115,729 901,020 1,462,208 2,162,623 3,101,997 (87) (107) (62) 9,554,965 25

a b c 2015 1 1 226,263 749,827 129,665 175,205 764,894 2,045,854 52,606 2,098,460 165,209 165,209 11,945 177,154 13 (600,000) (600,000) (600,000) (21,966) (21,966) 14,457 (14,457) 28 18,019 18,019 18,019 d 15,826 15,826 11,174 27,000 32 10,876 10,876 10,876 1b e i (118,223) (118,223) (118,223) f (640,423) (49,877) (690,300) (690,300) 2015 12 31 226,263 (8,819) 144,122 219,926 265,769 847,261 53,759 901,020 486,969 486,969 85,200 572,169 (19,167) (19,167) 23,838 (23,838) 28 7,696 7,696 7,696 490 490 g (113,128) (522,768) (635,896) 635,896 h 216,872 (45,438) (171,434) 2016 12 31 330,007 (8,819) 122,522 227,622 34,698 706,030 756,178 1,462,208 26

a b c 2017 1 1 330,007 (8,819) 122,522 227,622 34,698 706,030 756,178 1,462,208 352,020 352,020 413,286 765,306 (28,951) (28,951) 14,264 (14,264) 69 (9) 60 60 i (33,000) (33,000) (3,000) (36,000) 2017 12 31 330,076 (41,819) 136,786 227,613 372,454 1,025,110 1,137,513 2,162,623 93,875 93,875 58,500 152,375 j 8,357,013 8,357,013 8,357,013 j (330,000) (7,389,716) (7,719,716) (1,080,284) (8,800,000) j 1,229,977 9 1,229,986 1,229,986 2018 3 31 76 1,229,977 925,478 136,786 227,622 466,329 2,986,268 115,729 3,101,997 2017 3 31 2017 1 1 330,007 (8,819) 122,522 227,622 34,698 706,030 756,178 1,462,208 56,000 56,000 79,098 135,098 2017 3 31 330,007 (8,819) 122,522 227,622 90,698 762,030 835,276 1,597,306 a (1) (2)(3) 1a 2015 1 1(1) 103,878,000 5,000,000(2) 640,423,000 27

b 10%50% c (i) (1)(2) (ii) 2006 11 282013 12 1 2015 1 1 175,133,000 (iii) 1b (iv) (v) 27(c) d 2015 12 31 27,000,00060% 49.18% 9.02%58.2% 23,540,0003,460,000 11,174,00015,826,000 e 2015 12 31 (i) 100%4,223,000 2015 1 15,000,000 100%2015 12 31 10,000,000 2015 12 314,223,000 10,000,0005,777,000 28

(ii) 100% 160,000,0002015 1 1 103,878,0002015 12 31160,000,000 20152016 12 31 6,405,000153,595,000 f 618,755,000 2015 12 31 71,545,000 71,545,000 21(b) g 2016 10 31 CRE BVI 50% 635,896,00050% 113,128,000522,768,000 h 2016 12 22 CRE BVI 50%(g) 171,434,00045,438,000216,872,000 i 2015 1 6 36,000,000 100% 2017 9 3036,000,000100% CRE BVI 50% (g)33,000,0003,000,000 j 2018 3 1a10,300,000,000 8,357,013,000 1b 2018 3 5 8,800,000,000CRE BVI50% 50%50% 1,080,284,00050% 330,000,00050% 50%7,389,716,000 2018 3 316,908,000,0002018 4 191,892,000,000 2018 3 5100% 1,229,986,000 29

3 31 12 31 2015 2016 2017 2017 2018 289,225 788,805 971,257 171,326 219,441 17,392 18,242 21,862 7,772 4,883 4,259 238 305 101 152 5,607 5,710 5,703 1,435 1,256 (92) 531 (148) (158) 1,638 (2,181) 388 (1,787) (636) (75) (86) 47 (65) 101 (116) 16,651 45,781 (4,551) (4,191) (6,122) (1,206) (2,844) 26,448 29,756 21,650 6,642 5,551 (197) 63,441 103,959 119,866 10,673 12,143 7,290 2,053 602 42 (17,027) (23,864) 18,019 7,696 424,574 953,234 1,132,747 196,092 263,946 (2,486) (61,203) 29,321 59,834 (732) (68,539) 78,002 (40,485) (48,883) 18,476 204,322 (2,865) (16,400) (9,420) (9,970) (550,267) (1,013,053) (1,141,085) 193,383 125,921 11,549 (16,243) (35,716) (727) (11,391) 7,329 41,108 64,947 24,195 (55,068) 14,534 28,286 18,927 38,524 22,499 209,443 424,818 200,094 (229,507) (355,117) 73,624 66,063 29,427 43,716 (35,952) 324,083 498,147 241,777 267,207 (37,388) 4,551 4,191 5,553 1,206 2,844 (33,468) (92,669) (522,348) (156,980) (67,417) 295,166 409,669 (275,018) 111,433 (101,961) 30

3 31 12 31 2015 2016 2017 2017 2018 7,211 2,810 852 3,228 55 1,425 16,000 3,800 6,713 3,096 398 (1,402,884) (66,980) (2,520) (12,692) 1,089,935 225,114 40,189 10,929 96 96 569 (6,468) (27,106) (18,462) (7,667) (1,341) (299) (21) (241) (1,180) (1,600) (5,000) (20,000) (294,875) 134,059 4,572 (4,420) (1,281) 450,000 100,000 450,000 100,000 200,000 (220,000) (160,000) (390,000) (10,000) (100,000) 620,673 1,681,013 1,040,181 11,870 1,544 (379,814) (1,458,371) (1,163,981) (45,387) (4,459) 24 1,253,850 10,000 32 3,138 5,000 8,357,013 27,000 490 36,000 60 (25,680) (29,874) (21,718) (6,523) (5,442) (758) (600,000) (21,966) (19,167) (28,951) (10,628) (153,595) (36,000) (6,908,000) (111,277) (34,504) 1,103,441 49,960 1,539,898 (110,986) 509,224 832,995 156,973 1,436,656 576,766 465,756 974,946 974,946 1,791,290 (24) (34) (16,651) 3 (45,781) 465,756 974,946 1,791,290 1,131,922 3,182,165 31

1. 1a. 2010 2 22 2017 12 14 2008 8 21 2004 8 27 2007 8 82016 8 12 1b. 3IFRS 2015 1 6100% 36,000,000 2015 2015 9 17 100% 4,223,0002015 2015 12 31 10,000,000 E-House Real Estate Ltd.100% 160,000,00020152016 12 31 6,405,000153,595,000 2015 12 31 21(b) 32

71,545,000 71,545,0002015 12 31 2017 12 312018 3 3121(b) 2016 10 31CRE BVI 50% 4,000,000,000CRE BVI 50%635,896,000 2017 9 30 100%36,000,000 2017 2017 11 6(i)1100,000 0.00001 (ii)9,000 0.00001 900,000,000 1,00010,000 (iii)9,000 0.00001900,000,0002017 12 1(i)144,600,000 0.00001 10,00011,446 (ii)captain Valley (Cayman) Limited Heyday Surge Limited48,200,000 0.000012018 1 5Heyday Surge Limited48,200,000 2018 310,300,000,000 8,357,013,000 2018 3 5 8,800,000,000100%2018 3 316,908,000,0002018 4 19 1,892,000,0002018 3 311,892,000,00024 2015 12 31 2015 12 31 2015 1 12015 12 31 33

2015 1 12015 12 31 201520162017 12 31 2. IFRS IFRS 2018 1 1 IFRS IFRS IFRS IFRS IFRS 19 2 28 2 9 2 IFRS 10 1 28 IFRS 2015 2017IFRS 2 IFRS 16 2 IFRS 17 3 23 2 1 2 2019 1 1 3 2021 1 1 34

IFRS 16 IFRS 16IFRS 16 17 IFRS 16 IFRS 16 IFRS 1617 IFRS 16 2018 3 31 153,479,00033 IFRS 16IFRS 16 18,064,00017 IFRS 16 IFRS 16 2018 3 31 2018 3 31 IFRS IFRS 3. IFRS 35

IFRS 2 17 2 36 36

(i) (ii) IFRS 37

39 36 36 38

(a)(b) 39

40

41

42

43

22 12 44

1212 (i)(ii) (iii) 45

(a) (b) (c) (d) 46

47

(1)(2) (3) 8 IFRS 9 48

4. 3 3 IFRS 15 (a)(b) 49

201520162017 12 312018 3 31 2,440,141,000257,328,000 3,817,081,000 361,237,000 5,695,273,000480,851,000 6,905,957,000492,994,000 201520162017 12 312018 3 31 55,802,00065,148,00062,249,00057,541,000 201520162017 12 312018 3 31 208,255,000350,179,000504,234,000470,842,000 50

5. (1)(2) (3)IFRS 8 3 31 12 31 2015 2016 2017 2017 2018 2,336,540 3,568,575 3,926,722 654,706 734,757 278,993 282,773 496,984 155,502 137,224 100,913 113,624 132,438 30,256 30,409 379,906 396,397 629,422 185,758 167,633 31,157 77,216 14,330 27,812 2,716,446 3,996,129 4,633,360 854,794 930,202 CRIC 2015 20162017 12 312018 3 31 20,683,00023,485,000 33,113,00029,367,00024 20152016 12 31 20,683,00023,485,00020162017 12 31 2017 12 31 33,113,0007,487,0002018 3 31 2017 12 31 25,626,0002018 12 31 2018 3 31 29,367,000 12 2017 12 3120172018 3 31 95,483,00084,174,000 141,385,00036,881,000 38,323,000 51

6. (i) (ii) CRIC (iii) 2015 12 31 2,336,540 379,906 2,716,446 53,171 (53,171) 2,336,540 433,077 (53,171) 2,716,446 358,697 (47,756) 310,941 52

(86) (22) 92 4,551 197 (26,448) 289,225 2016 12 31 3,568,575 396,397 31,157 3,996,129 52,161 3,532 (55,693) 3,568,575 448,558 34,689 (55,693) 3,996,129 885,852 54,251 (125,076) 815,027 (92) (34) (531) 4,191 (29,756) 788,805 53

2017 12 31 3,926,722 629,422 77,216 4,633,360 776 4,601 2,659 (8,036) 3,927,498 634,023 79,875 (8,036) 4,633,360 950,424 159,327 (125,101) 984,650 (123) (14,917) 17,027 148 6,122 (21,650) 971,257 2017 3 31 654,706 185,758 14,330 854,794 654 (654) 654,706 186,412 14,330 (654) 854,794 135,483 68,256 (27,114) 176,625 (24) 3 158 1,206 (6,642) 171,326 54

2018 3 31 734,757 167,633 27,812 930,202 90 419 1,802 (2,311) 734,847 168,052 29,614 (2,311) 930,202 240,479 57,048 (34,197) 263,330 (222) (17,406) (45,780) 23,864 (1,638) 2,844 (5,551) 219,441 3 2015 12 31 12,794 14,425 39 27,258 34,945 28,496 63,441 (400) 314 (86) (2,181) (2,181) 7,290 7,290 55

2016 12 31 6,718 13,784 3,644 44 24,190 92,150 11,305 504 103,959 (39) 86 47 388 388 2,053 2,053 2017 12 31 8,021 17,890 1,877 82 27,870 115,766 4,053 47 119,866 102 (167) (65) (1,787) (1,787) 602 602 2017 3 31 2,526 6,174 589 19 9,308 9,612 1,289 (228) 10,673 51 50 101 (636) (636) 42 42 56

2018 3 31 2,092 3,033 1,142 24 6,291 10,545 1,242 356 12,143 (224) 101 7 (116) (75) (75) 10% 12 31 3 31 2015 2016 2017 2017 2018 A 605,769 1,074,191 1,626,497 293,059 314,455 2018 3 5 7. 12 31 3 31 2015 2016 2017 2017 2018 4,551 4,191 6,122 1,206 2,844 17,031 34,061 31,218 272 14,649 197 440 1,018 916 134 93 22,219 39,270 38,256 1,612 17,586 57

8A. 12 31 3 31 2015 2016 2017 2017 2018 (88,417) (99,202) (104,626) (17,504) 4,605 (1,404) (2,075) (7,225) 4,433 (12,069) 1,525 (2,753) (4,475) 1,211 (4,994) 24,855 71 (3,540) 1,187 315 (63,441) (103,959) (119,866) (10,673) (12,143) 8B. 12 31 3 31 2015 2016 2017 2017 2018 (7,290) (2,053) (602) (42) 2,181 (388) 1,787 636 75 86 (47) 65 (101) 116 591 (31) (14,922) 3 (45,781) 17,027 23,864 (4,432) (2,519) 3,355 496 (21,726) 9. 12 31 3 31 2015 2016 2017 2017 2018 26,448 29,756 21,650 6,642 5,551 58

10. 3 31 12 31 2015 2016 2017 2017 2018 139,069 361,268 364,386 65,798 33,711 (719) (2,561) (4,233) 138,350 358,707 360,153 65,798 33,711 26 (26,279) (142,071) (154,202) (29,570) 33,355 112,071 216,636 205,951 36,228 67,066 25% 15% 201520162017 12 31 2016 12 312017 12 312018 3 3125% 15%20152017 2018 12 31 20152019 50%12.5% 20152016 12 31 0%2017 12 312018 3 31 12.5% 15%2014 10 12020 12 312016 12 31 2017 12 312018 3 31 15%2015 2015 12 3125% 59

3 31 12 31 2015 2016 2017 2017 2018 289,225 788,805 971,257 171,326 219,441 25% 72,306 197,201 242,814 42,832 54,860 (23) 133 (37) (39) 409 9,205 8,497 12,133 1,594 16,645 (4,257) (5,966) (719) (2,561) (4,233) 25,465 27,053 10,684 6,245 4,327 (2,774) (2,037) (11) (62) 5,999 1,549 967 481 16 (874) (1,559) (1,598) (1,059) (884) (2,483) (13,677) (37,580) (2,910) (2,279) (10,905) (10,905) 5,969 112,071 216,636 205,951 36,228 67,066 60

11. 3 31 12 31 2015 2016 2017 2017 2018 2,724 4,644 7,720 441 1,450 165 168 147 42 44 2,681 1,606 5,570 6,418 7,867 483 1,494 1,484,673 2,131,815 2,304,116 432,601 420,908 231,133 257,600 311,349 67,504 80,986 15,338 6,090 1,731,144 2,395,505 2,615,465 500,105 501,894 1,736,714 2,401,923 2,623,332 500,588 503,388 17,392 18,242 21,862 7,772 4,883 4,259 238 305 101 152 5,607 5,710 5,703 1,435 1,256 27,258 24,190 27,870 9,308 6,291 7,575 5,004 5,994 2,879 2,173 27,424 34,808 37,900 7,919 11,631 2,231 505 1,507 327 423 4,498 483 1,221 390 669 34,153 35,796 40,628 8,636 12,723 86,837 94,133 105,571 25,248 26,613 61

12. 2015 12 31 2010 2 22 2017 11 9 1,944 82 2,026 2018 3 16 2018 3 16 780 83 2,681 3,544 2018 3 16 2018 3 16 2018 3 16 2,724 165 2,681 5,570 2016 12 31 2010 2 22 2017 11 9 2,904 85 2,989 2018 3 16 2018 3 16 1,740 83 1,606 3,429 2018 3 16 2018 3 16 2018 3 16 4,644 168 1,606 6,418 62

2017 12 31 2010 2 22 2017 11 9 4,160 58 4,218 2018 3 16 2018 3 16 3,560 89 3,649 2018 3 16 2018 3 16 2018 3 16 7,720 147 7,867 2017 3 31 2010 2 22 2017 11 9 246 21 267 2018 3 16 2018 3 16 195 21 216 2018 3 16 2018 3 16 2018 3 16 441 42 483 63

2018 3 31 2010 2 22 2017 11 9 800 22 822 2018 3 16 2018 3 16 650 22 672 2018 3 16 2018 3 16 2018 3 16 1,450 44 1,494 201520162017 12 3120172018 3 31 22212 201520162017 12 3120172018 3 31 33343 3 31 12 31 2015 2016 2017 2017 2018 5,580 7,986 7,980 930 1,350 246 255 267 84 66 3,950 1,476 9,776 9,717 8,247 1,014 1,416 64

12 31 3 31 2015 2016 2017 2017 2018 0201520162017 12 3120172018 3 31 0 1,000,000 201520162017 12 31 20172018 3 31 813,000838,000860,000 888,000814,000 5 4 1,000,00120152016 2017 12 3120172018 3 31 813,001 838,001860,001888,001 814,001 1,500,000 201520162017 12 31 20172018 3 31 1,220,0001,256,000 1,290,0001,332,000 1,221,000 1 1,500,00120152016 2017 12 3120172018 3 31 1,220,001 1,256,0011,290,001 1,332,0011,221,001 2,000,000 201520162017 12 31 20172018 3 31 1,626,0001,675,000 1,720,0001,776,000 1,628,000 65

12 31 3 31 2015 2016 2017 2017 2018 2,000,00120152016 2017 12 3120172018 3 31 1,626,001 1,675,0011,720,001 1,776,0011,628,001 2,500,000 201520162017 12 31 20172018 3 31 2,033,0002,094,000 2,150,0002,220,000 2,035,000 1 1 2,500,00120152016 2017 12 3120172018 3 31 2,033,001 2,094,0012,150,001 2,220,0012,035,001 3,000,000 201520162017 12 31 20172018 3 31 2,439,0002,513,000 2,580,0002,664,000 2,442,000 1 3,000,00120152016 2017 12 3120172018 3 31 2,439,001 2,513,0012,580,001 2,664,0012,442,001 3,500,000 201520162017 12 31 20172018 3 31 2,846,0002,931,000 3,010,0003,108,000 2,849,000 1 66

12 31 3 31 2015 2016 2017 2017 2018 3,500,00120152016 2017 12 3120172018 3 31 2,846,001 2,931,0013,010,001 3,108,0012,849,001 4,000,000 201520162017 12 31 20172018 3 31 3,252,0003,350,000 3,440,0003,552,000 3,256,000 1 2 4,000,00120152016 2017 12 3120172018 3 31 3,252,001 3,350,0013,440,001 3,552,0013,256,001 4,500,000 201520162017 12 31 20172018 3 31 3,659,0003,769,000 3,870,0003,996,000 3,663,000 3 2 1 4,500,00120152016 2017 12 3120172018 3 31 3,659,001 3,769,0013,870,001 3,996,0013,663,001 5,000,000 201520162017 12 31 20172018 3 31 4,066,0004,188,000 4,300,0004,441,000 4,070,000 1 1 67

13. 3 31 12 31 2015 2016 2017 2017 2018 600,000 600,000 2018 3 31 14. 3 31 12 31 2015 2016 2017 2017 2018 165,209 486,969 352,020 56,000 93,875 (23,864) 165,209 486,969 352,020 56,000 70,011 68

12 31 3 31 2015 2016 2017 2017 2018 1,000,000 915,301 500,000 500,000 693,380 101,220 1,000,000 915,301 500,000 500,000 794,600 2015 1 1 20152016 12 312017 3 31 20152016 12 312017 3 31 2017 12 312017 12 1 144,600,00027(c)2017 12 31 2017 12 31 2017 12 31 2017 12 31 2018 3 5144,600,000 2018 3 31 2018 3 31144,600,000 2018 3 31 69

15. 2015 1 1 17,627 26,158 73,296 22,117 139,198 4,057 5,852 2,027 11,936 (2,111) (7,586) (2,405) (12,102) (4,683) (6,999) (11,682) 32 (11,267) (1,274) (12,541) 2015 12 31 10,417 19,364 70,288 14,740 114,809 17,928 5,392 5,167 28,487 (782) (4,046) (1,488) (6,316) 2016 12 31 28,345 18,582 71,634 18,419 136,980 17,414 2,118 2,594 22,126 (516) (2,500) (6,430) (2,511) (11,957) 2017 12 31 45,243 16,082 67,322 18,502 147,149 1,000 106 378 1,484 (1,359) (1,013) (1,084) (3,456) 2018 3 31 44,884 16,082 66,415 17,796 145,177 2015 1 1 (4,027) (3,800) (37,291) (15,407) (60,525) (3,650) (806) (10,388) (2,548) (17,392) 319 7,025 2,034 9,378 1,207 5,468 6,675 32 2,607 250 2,857 2015 12 31 (5,070) (3,080) (40,404) (10,453) (59,007) (6,618) (761) (9,191) (1,672) (18,242) 233 3,771 1,413 5,417 2016 12 31 (11,688) (3,608) (45,824) (10,712) (71,832) (10,732) (470) (8,723) (1,937) (21,862) 33 409 6,060 2,292 8,794 2017 12 31 (22,387) (3,669) (48,487) (10,357) (84,900) (2,203) (118) (2,050) (512) (4,883) 320 955 872 2,147 2018 3 31 (24,270) (3,787) (49,582) (9,997) (87,636) 2015 12 31 5,347 16,284 29,884 4,287 55,802 2016 12 31 16,657 14,974 25,810 7,707 65,148 2017 12 31 22,856 12,413 18,835 8,145 62,249 2018 3 31 20,614 12,295 16,833 7,799 57,541 70

16. 5 30 3 5 5 2015 1 1 136,416 18,655 (15,603) (133,995) 2015 12 31 5,473 13,794 (4,414) 2016 12 31 14,853 11,940 (6,503) 2017 12 31 20,290 (348) 2018 3 31 19,942 2015 1 1 (8,760) (4,259) (7,290) 1,784 18,318 2015 12 31 (207) (238) (2,053) 226 2016 12 31 (2,272) (305) (602) 1,577 2017 12 31 (1,602) (152) 25 2018 3 31 (1,729) 2015 12 31 5,266 2016 12 31 12,581 2017 12 31 18,688 2018 3 31 18,213 71

201520162017 12 312018 3 31 5,394,00013,611,00024,891,00024,788,000 2015 12 31 799 799 1,747 1,747 2,848 2,848 5,394 5,394 2016 12 31 1,198 1,198 4,693 4,693 1,039 1,039 1,373 1,373 2,323 2,323 2,985 2,985 13,611 13,611 2017 12 31 1,145 1,145 3,645 3,645 1,268 1,268 4,120 4,120 9,958 9,958 4,755 4,755 24,891 24,891 2018 3 31 1,013 1,013 3,534 3,534 1,454 1,454 3,070 3,070 10,684 10,684 5,033 5,033 24,788 24,788 72

30 17. 2015 1 12015 12 312016 12 31 2017 12 312018 3 31 5,109 2009 201520162017 12 312018 3 31 19%201520162017 12 31 2018 3 313% 18. 2015 1 1 18,239 1,559 29,855 1,425 51,078 299 299 2015 12 31 18,538 1,559 29,855 1,425 51,377 21 21 2016 12 31 18,559 1,559 29,855 1,425 51,398 241 241 2017 12 31 2018 3 31 18,800 1,559 29,855 1,425 51,639 2015 1 1 (11,134) (630) (16,327) (784) (28,875) (1,530) (202) (3,732) (143) (5,607) 73

2015 12 31 (12,664) (832) (20,059) (927) (34,482) (1,628) (207) (3,732) (143) (5,710) 2016 12 31 (14,292) (1,039) (23,791) (1,070) (40,192) (1,583) (245) (3,732) (143) (5,703) 2017 12 31 (15,875) (1,284) (27,523) (1,213) (45,895) (234) (53) (933) (36) (1,256) 2018 3 31 (16,109) (1,337) (28,456) (1,249) (47,151) 2015 12 31 5,874 727 9,796 498 16,895 2016 12 31 4,267 520 6,064 355 11,206 2017 12 31 2,925 275 2,332 212 5,744 2018 3 31 2,691 222 1,399 176 4,488 51% 2010 8 17 (i)(ii) 310 5 8 10 19. 12 31 3 31 2015 2016 2017 2018 3,430 5,030 9,830 9,830 1,463 932 1,185 (453) 74 4,893 5,962 11,015 9,377

12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 5,000 45% 45% 45% 45% 40% 40% 40% 40% 2,000 39% 39% 39% 39% 39% 39% 39% 39% 1,000 20% 20% 20% 20% 20% 20% 20% 20% 400 20% 20% 20% 20% 30,000 20% 20% 20% 20% 20% 20% 20% 20% 1,100 20% 20% 20% 20% 20% 20% 20% 20% 2017 12 3196,000 96,00020% 75

20. 12 31 3 31 2015 2016 2017 2018 1,418,580 2,275,610 3,031,137 2,022,940 (247,539) (346,740) (451,116) (415,865) 1,171,041 1,928,870 2,580,021 1,607,075 227,141 369,852 743,220 651,812 (5,938) (8,014) (15,239) (27,308) 221,203 361,838 727,981 624,504 1,392,244 2,290,708 3,308,002 2,231,579 i 2,499 11,065 39,439 42,689 2,200 2,105 18,796 8,600 12,343 16,828 16,298 23,473 ii 4,839 5,643 3,180 3,095 3,197 14,007 13,361 15,389 14,867 1,381 3,666 1,428 4,109 260 199 118 105 5,386 10,870 15,177 16,041 43,719 61,274 109,740 117,920 (3,064) (2,943) (6,481) (4,158) 40,655 58,331 103,259 113,762 1,432,899 2,349,039 3,411,261 2,345,341 25,259 40,668 71,590 87,951 15,396 17,663 31,669 25,811 40,655 58,331 103,259 113,762 i (i)(ii) ii 2018 3 31 76

30 12 31 3 31 2015 2016 2017 2018 946,910 1,750,663 2,325,803 1,382,610 170,587 140,538 220,797 195,331 53,544 37,669 33,421 29,134 1,171,041 1,928,870 2,580,021 1,607,075 201520162017 12 312018 3 31 218,326,000357,602,000715,636,000619,496,000 2018 3 5 12 31 3 31 2015 2016 2017 2018 180 213,174 361,838 727,981 621,319 181 365 8,029 3,185 365 221,203 361,838 727,981 624,504 12 31 3 31 2015 2016 2017 2018 180 203,439 355,848 722,644 293,527 181 365 17,764 5,990 5,337 330,787 365 190 221,203 361,838 727,981 624,504 77

100%(i) (ii) 201520162017 12 312018 3 31 98,388,00061,658,00056,420,00040,373,000 20152016 2017 12 312018 3 31 18,655,00013,794,00011,940,000 IFRS 9 12 31 3 31 2015 2016 2017 2018 225,702 253,477 354,754 466,355 89,821 101,277 111,851 7,464 i (62,046) (250) ii (30,646) 253,477 354,754 466,355 443,173 IFRS 9 12 31 3 31 2015 2016 2017 2018 43,672 3,064 2,943 6,481 (24,855) (71) 3,540 (315) i (15,753) (50) (2) ii (2,008) 3,064 2,943 6,481 4,158 78

i ii 2018 3 5 2017 12 3142,000 2018 3 3140,000 4,839,000 21. 12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 a 13,950 13,950 13,950 13,950 b 541,269 436,585 365,120 1,321,527 631 674 167,815 160,871 555,219 450,535 379,070 1,335,477 631 674 167,815 160,871 470,241 365,040 379,070 1,319,609 631 674 167,815 160,871 84,978 85,495 15,868 555,219 450,535 379,070 1,335,477 631 674 167,815 160,871 16,840 79,653 50,474 52,042 4,481 2,871 2,729 993,453 (787) (3,540) (8,015) (45,663) 20,534 78,984 45,188 999,832 79

12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 534,397 371,261 333,592 335,645 631 674 167,815 160,871 288 290 290 534,685 371,551 333,882 335,645 631 674 167,815 160,871 555,219 450,535 379,070 1,335,477 631 674 167,815 160,871 c 784 864 850 881 726 790 768 778 d 330,773 477,742 296,444 311,974 331,557 478,606 297,294 312,855 726 790 768 778 331,557 478,606 297,294 312,855 726 790 768 778 1,801 83,187 17,823 21,617 17,076 13,692 21,544 36,226 18,877 96,879 39,367 57,843 312,680 381,727 257,927 255,012 726 790 768 778 331,557 478,606 297,294 312,855 726 790 768 778 (a) 1 1 12 31 3 31 1 1 12 31 3 31 2015 2015 2016 2017 2018 2015 2015 2016 2017 2018 110,260 517 517 517 517 16,430 13,433 13,433 13,433 13,433 126,690 13,950 13,950 13,950 13,950 80

1 1 12 31 3 31 1 1 12 31 3 31 2015 2015 2016 2017 2018 2015 2015 2016 2017 2018 517 13,950 13,950 13,433 13,950 13,950 13,950 13,950 13,950 12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 110,395 517 517 517 16,430 13,433 13,433 13,433 2018 3 31 (b) 12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 (i) 9,640 4,460 (i) 4,900 (ii) 3,694 2,493 2,270 1,221 (ii) 290 (iv) 896,943 (iv) 604 (iv) 31,441 81

12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 (iv) 15,264 (iv) 14,655 (i) 1,000 (i) 570 (i) 10 (i) 330 330 (i) 150 (i) 60,765 38,429 33,510 (i) 87 (i) 10,042 3,654 3,246 (i) 345 (i) 50 (i) 123 (i) 550 (i) 270 (i) 155 662 (i) 2,226 (i) 159 20,534 78,984 45,188 999,832 82

12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 20,534 78,984 45,188 983,964 15,868 20,534 78,984 45,188 999,832 20,534 78,984 45,188 981,016 2,948 15,868 20,534 78,984 45,188 999,832 * 20162017 12 31 2018 3 31 70,807,00042,083,000 36,756,000 30 12 31 3 31 2015 2016 2017 2018 11,140 74,153 29,561 884,159 555 3,643 14,440 88,886 8,839 1,188 1,187 7,971 20,534 78,984 45,188 981,016 83

IFRS 9 12 31 3 31 2015 2016 2017 2018 2,312 787 3,540 8,015 (1,525) 2,753 4,475 4,994 30,646 787 3,540 8,015 43,655 IFRS 9 12 31 3 31 2015 2016 2017 2018 2,008 2,008 1 1 12 31 3 31 2015 2015 2016 2017 2018 (i) 269,544 300,238 125,000 125,000 125,000 (i) 19,245 158,502 180,799 176,378 186,413 (i) 99,310 47,765 50,000 14,278 9,066 (i) 7,904 1,137 1,808 755 (i) 216 1,735 18 (i) 522 160 45 (i) 330 330 (i) 11,911 70 114 113 113 (i) 7,370 5,000 84

1 1 12 31 3 31 2015 2015 2016 2017 2018 (i) 506 (i) 31,313 270 (i) 4,010 6 (i) 25 (i) 1 1 (i) 100,706 (i) 56,500 (i) 20,000 (i) 10,016 (i) 11 (ii) 753 288 290 290 631,212 520,735 357,601 319,932 321,695 449,190 286,056 319,932 321,695 71,545 71,545 520,735 357,601 319,932 321,695 85

2018 3 31 1 1 12 31 3 31 2015 2015 2016 2017 2018 (iii) 595 631 674 167,815 160,871 631 674 167,815 160,871 3 31 12 31 2015 2016 2017 2018 17,106 20,757 201 113 20,000 24,000 48,793 56,500 44,675 37,675 126,955 272,538 187,684 14,278 659,164 237,538 341,879 197,259 1 1 100,706 9,000 10,016 11 125,011 125,011 11,562 12,026 1,808 1,808 3 31 12 31 2015 2016 2017 2018 631 674 167,815 167,815 86

12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 631 674 167,815 160,871 (c) 12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 784 864 850 881 726 790 768 778 784 864 850 881 726 790 768 778 2018 3 31 12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 784 864 850 881 726 790 768 778 87

(d) 12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 (i) 72,061 6,656 7,549 (i) 10,662 11,162 10,713 (iv) 3,530 (iv) 3,658 (iv) 98 (iv) 3,090 (i) 745 (i) 2,604 (i) 1 (i) 963 (i) 391 (i) 83 (i) 12 5 5 (i) 364 (i) 140 (i) 300 (i) 12 (ii) 17,076 13,692 21,544 25,825 (ii) 25 18,877 96,879 39,367 57,843 18,877 96,879 39,367 57,843 1,801 82,875 17,823 21,617 17,076 14,004 21,544 36,103 123 18,877 96,879 39,367 57,843 88

12 31 3 31 2015 2016 2017 2018 1 755 82,875 17,823 21,617 1 2 381 2 665 1,801 82,875 17,823 21,617 12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 (i) 153,595 (i) 4,000 (i) 3,101 (i) 540 589 710 (i) 2,025 19,171 442 E-House (Macau) International Property Limited (i) 59 59 59 (i) 510 (i) 1,000 (i) 4 4 (i) 51,635 266,305 156,005 156,006 (i) 258 (i) 86,625 83,371 88,860 85,616 (i) 3,051 2,901 2,901 (i) 60 CRE BVI (i) 8,094 8,094 8,094 8,094 (i) 2 (i) 1,471 (i) 4 4 4 (i) 429 215 311,896 380,863 257,077 254,131 311,896 380,863 257,077 254,131 89

2018 3 31 (i) (ii) (iii) (iv) 22. 2014 12 31 7,014,000 2015 12 31197,000 7 2015 12 317,014,000 2017 12 1520,000,000 NEEQ 10%5.323,738,333 24 2017 12 31 20,000,0002018 3 31Valuelink (Beijing) Asset Valuation Co., Ltd Valuelink Valuelink9896 607 23. 0.35% 20152016 12 31500,000 2017 12 31 20162017 12 312018 3 3163,123,000131,264,000 82,720,000 90

0.35% 12 31 3 31 2015 2016 2017 2018 1 1 98,014 94,320 2 6 988,681 1,364,535 3 7 1,086,695 1,458,855 24. 12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 68,484 109,614 174,561 119,493 808 690 622 731 18,487 124,638 120,945 63,371 65,071 11,847 19,366 19,778 22,003 i 62,823 130,963 82,181 5 20,683 23,485 33,113 29,367 iii 1,892,000 21,487 21,487 7,250 22,516 45,115 51,089 124,146 253,518 350,536 2,162,229 21,487 ii 1,253,850 1,253,850 124,146 253,518 1,604,386 2,162,229 1,253,850 21,487 i 23 ii 27(c) 2018 3 5 91

1,229,986,000 2018 1 12018 3 5 23,864,0008B Valuelink iii 1,892,000,0001b2018 4 19 12 31 3 31 2015 2016 2017 2018 64,311 108,703 173,242 118,047 1,634 174 513 723 2,539 737 806 723 68,484 109,614 174,561 119,493 25. 12 31 3 31 2015 2016 2017 2018 350,000 290,000 100,000 100,000 450,000 550,000 450,000 390,000 450,000 550,000 * 160,000 390,000 450,000 550,000 290,000 450,000 390,000 450,000 550,000 (160,000) (390,000) (450,000) (550,000) 290,000 * 92

12 31 3 31 2015 2016 2017 2018 5.06% 6.04% 4.84% 6.04% 4.82% 6.04% 4.35% 5.22% 37(b) 26. 12 31 3 31 2015 2016 2017 2018 208,255 350,179 504,234 470,842 (513) (366) (219) (182) 207,742 349,813 504,015 470,660 2015 1 1 75,096 61,938 58,849 5,030 200,913 10 46,574 13,015 (29,025) (4,285) 26,279 i (19,450) (19,450) 2015 12 31 121,670 55,503 29,824 745 207,742 10 104,613 21,353 13,969 2,136 142,071 2016 12 31 226,283 76,856 43,793 2,881 349,813 10 49,225 40,358 53,308 406 143,297 10 2,465 8,440 10,905 2017 12 31 277,973 125,654 97,101 3,287 504,015 10 (87,040) (432) 54,073 44 (33,355) 2018 3 31 190,933 125,222 151,174 3,331 470,660 i 93

201520162017 12 312018 3 31260,216,000 411,209,000641,536,000880,055,000 128,911,000178,471,000388,405,000 609,865,000 131,305,000232,738,000253,131,000270,190,000 12 31 3 31 2015 2016 2017 2018 2016 6,781 2017 14,198 14,198 2018 22,234 22,234 18,178 17,930 2019 15,533 15,533 11,443 11,443 2020 72,559 72,559 72,559 72,559 2021 108,214 108,214 108,214 2022 42,737 42,737 2023 17,307 131,305 232,738 253,131 270,190 20152016 2017 12 31 2018 3 31 797,168,0001,334,417,0001,657,648,0001,314,896,000 770,722,0001,308,011,0001,633,766,0001,294,486,000 26,446,00026,406,00023,882,00020,410,000 2008 1 1 201520162017 12 312018 3 31266,229,000 35,286,000371,047,000497,751,000 27. 201520162017 12 31 2018 3 31 12 31 3 31 2015 2016 2017 2018 i 7 7 76 76 ii 226,256 330,000 330,000 * 226,263 330,007 330,076 76 94

i 2015 1 1 2015 12 31 2016 12 31 1 1,000 1 7 a 99,999,000 b 0.00001 900,000,000 9 60 c 0.00001 144,600,000 1 9 2017 12 31 2018 3 31 0.00001 1,144,600,000 11 76 ii 1.00 2015 1 12015 12 31 226,256,500 226,256 CRE BVI50%d (113,128,250) (113,128) e 216,871,750 216,872 2016 12 312017 12 31 330,000,000 330,000 * a 2017 11 61100,000 0.00001 b 2017 11 6 900,000,000 0.000019,00060,000 900,000,000 c 2017 12 1144,600,0000.00001 1,500,000,000 1,270,877,000 Captain Valley (Cayman) Limited Heyday Surge Limited48,200,000 144,600,000 144,600,0000.000011,446 9,000 95

100% 2018 6 30 1,500,000,0002017 12 31 100%24 1,500,000,000 2017 12 311,253,850,000 2018 3 5 1,229,986,000 d 2016 10 31CRE BVI50% 50% e 2016 3 5 d 1.00216,871,750 171,434,000 45,438,000216,872,000 28. 2016 8 12 2006 11 282021 10 9 2015 1 1 2015 1 1 2015 12 31 1,803 (20) (4) 1,779 1,779 96

2016 1 1 2016 12 31 2016 12 31 2016 12 31 2016 12 31 2016 2017 12 31 2018 3 31 1,779 (1,779) 2016 8 12 2015 12 31 7.2 20152016 1 18.459.14 2015 1 1 2015 12 31 639 (303) 336 2016 1 1 2016 12 31 2016 12 31 2016 12 31 2016 12 31 2016 2017 12 31 2018 3 31 336 (336) 2013 12 12023 11 30 97

2013 12 1 2013 12 1 2016 12 1 2014 12 1 2023 11 30 4.60 2.15 2015 1 1 2015 12 31 459 (7) (3) 449 126 2016 1 1 2016 12 31 449 (10) 439 282 2017 1 1 2017 12 31 2017 12 31 2017 12 31 2017 12 31 2017 12 31 2018 3 31 439 (27) 412 412 2015 12 319.44 98

2015 1 1 16.25 2015 1 1 2015 12 31 2015 12 31 2015 12 31 2015 12 31 2015 2016 2017 12 31 2018 3 31 1 (1) 201520162017 12 3120172018 3 31 18,019,0007,696,000 29. 25 21 24 99

30. a. 12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 2,440,141 3,817,081 5,695,273 6,905,957 632 676 1,254,507 254,126 20,000 20,000 2,440,141 3,817,081 5,715,273 6,925,957 632 676 1,254,507 254,126 841,023 1,050,244 1,077,012 2,993,715 726 790 768 778 1,253,850 1,253,850 841,023 1,050,244 2,330,862 2,993,715 726 790 1,254,618 778 b. 12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 1 1 98,014 94,320 2 6 998,681 1,364,535 784 864 1,254,691 881 100

12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 98,014 88,033 632 676 1,156,493 162,680 726 790 1,254,618 778 10% 10% 10% 10% 3 31 12 31 2015 2016 2017 2018 9,801 9,432 (78) (86) (25,601) 136,454 3 31 12 31 2015 2016 2017 2018 9,801 8,803 (10) (11) (9,812) 16,190 25 101

10 10 12 31 3 31 12 31 3 31 2015 2016 2017 2018 2015 2016 2017 2018 364 825 627 832 98 93 35 201520162017 12 31 2018 3 31 201520162017 12 312018 3 31 30.57% 34.93% 49.00% 47.20%20152016 2017 12 312018 3 31 36.37% 40.89% 55.34% 55.05% 102

201520162017 12 312018 3 3198,388,000 61,658,00056,420,00040,373,000 20 22 IFRS 9 2017 12 31 250,00020152016 12 312018 3 31 2015 12 31 100.00% 100.00% 100.00% 4,179 88,474 92,653 (4,179) (88,474) (92,653). 228,962 13,636 2,488 245,086 (9,575) (570) (104) (10,249) 219,387 13,066 2,384 234,837 103

4.69% 20.28% 54.96% 11.53% 996,944 198,296 117,223 1,312,463 (46,720) (40,219) (64,423) (151,362) 950,224 158,077 52,800 1,161,101 2016 12 31 100.00% 100.00% 100.00% 15,180 131,611 146,791 (15,180) (131,611) (146,791) 526,499 7,263 10,026 543,788 (17,411) (240) (332) (17,983) 509,088 7,023 9,694 525,805 3.79% 25.62% 73.84% 9.52% 1,741,422 180,065 110,236 2,031,723 (65,983) (46,135) (81,402) (193,520) 1,675,439 133,930 28,834 1,838,203 104

2017 12 31 100.00% 100.00% 100.00% 21,841 199,065 220,906 (21,841) (199,065) (220,906) 990,833 22,008 6,517 1,019,358 (33,527) (745) (221) (34,493) 957,306 21,263 6,296 984,865 3.39% 27.03% 69.68% 8.47% 2,199,863 293,228 93,371 2,586,462 (74,658) (79,254) (65,059) (218,971) 2,125,205 213,974 28,312 2,367,491 2018 3 31 100.00% 100.00% 100.00% 21,164 202,637 223,801 (21,164) (202,637) (223,801) 105

. 887,007 79,673 7,005 973,685 (27,918) (2,507) (221) (30,646) 859,089 77,166 6,784 943,039 3.99% 27.16% 70.02% 9.29% 2,116,536 284,265 101,136 2,501,937 (84,353) (77,213) (70,815) (232,381) 2,032,183 207,052 30,321 2,269,556 201520162017 12 312018 3 31 4.18% 3.31% 3.38% 3.15% 201520162017 12 312018 3 31 106

12 12 2017 12 31 107

1 1 3 3 % 2015 12 31 76,542 76,542 76,542 314,481 314,481 314,481 5.88% 3,733 171,200 318,549 493,482 450,000 391,023 3,733 171,200 318,549 884,505 841,023 2016 12 31 195,643 195,643 195,643 464,601 464,601 464,601 5.73% 3,265 399,794 403,059 390,000 660,244 3,265 399,794 1,063,303 1,050,244 2017 12 31 351,261 351,261 351,261 275,751 275,751 275,751 5.02% 104,639 353,304 457,943 450,000 85,301 85,301 712,313 104,639 353,304 1,170,256 1,077,012 1,253,850 1,253,850 1,253,850 712,313 104,639 1,607,154 2,424,106 2,330,862 2018 3 31 2,166,963 2,166,963 2,166,963 276,752 276,752 276,752 4.46% 355,434 205,619 561,053 550,000 52,160 52,160 2,495,875 355,434 205,619 3,056,928 2,993,715 108

c. 2017 12 312018 3 3120,000,000 2017 12 312018 3 31Valuelink 5% 2017 12 312018 3 31 591,000742,000 2017 12 31 1,253,850,000 2017 12 31 5%2017 12 31 67,228,000 2017 12 31 2017 1 1 20,000 (1,270,877) 17,027 2017 12 31 20,000 (1,253,850) 109

2018 3 31 2018 1 1 20,000 (1,253,850) 23,864 1,229,986 2018 3 31 20,000 2017 12 312018 3 31 23,864,00017,027,0002017 12 31 8B 31. 2015 1 1 120,000 40 43,197 163,237 ii 330,000 (25,680) 240,859 (600,000) (21,966) (76,787) 26,448 26,448 600,000 21,966 621,966 i (124,971) (124,971) 153,595 153,595 2015 12 31 450,000 808 312,680 763,488 ii (60,000) (29,874) 74,047 (19,167) (34,994) 29,756 29,756 19,167 19,167 2016 12 31 390,000 690 386,727 777,417 ii 60,000 (21,718) (123,800) 1,253,850 (28,951) 1,139,381 21,650 21,650 28,951 28,951 110

2017 12 31 450,000 622 262,927 1,253,850 1,967,399 ii 100,000 (5,442) (2,915) (758) 90,885 5,551 5,551 4,839 4,839 (1,229,986) (1,229,986) (23,864) (23,864) 1,892,000 1,892,000 2018 3 31 550,000 731 260,012 4,081 1,892,000 2,706,824 2016 12 31 390,000 690 386,727 777,417 ii 90,000 (6,523) (33,517) 49,960 6,642 6,642 2017 3 31 480,000 809 353,210 834,019 i ii (i)(ii)(iii)2016 12 31153,595,000(iv)2017 12 311,253,850,000 32. 2015 12 31 (i) 2015 5 31 100%5,000,000 (ii) 2015 10 31 100%10,000,000 111

(iii) 2015 12 31100% 3,000,000 2015 12 31 10,000 3,000 13,000 5,000 5,000 5,000 10,000 3,000 18,000 8,749 935 9,684 228 228 2,831 365 3,196 4,998 3,723 1,141 9,862 (104) (104) (2) (15,592) (39) (15,633) (100) (9) (109) 4,996 (265) 2,393 7,124 5,000 10,000 3,000 18,000 (4,996) 265 (2,393) (7,124) 4 10,265 607 10,876 10,000 3,000 13,000 (4,998) (3,723) (1,141) (9,862) (4,998) 6,277 1,859 3,138 5,000,0002016 12 31 112

33. 12 31 3 31 2015 2016 2017 2018 60,401 39,436 61,656 60,644 69,569 66,444 91,093 86,047 17,741 11,981 7,577 6,788 147,711 117,861 160,326 153,479 1 10 34. 201520162017 12 31 12 31 3 31 2015 2016 2017 2018 856 723 1,300 1,083 35. 2017 12 312018 3 31 85,301,00052,160,0002017 12 31 2018 32018 3 3151,460,000 20152016 12 31 2017 12 312018 3 31 36. 201520162017 12 3120172018 3 31231,298,000257,768,000 311,496,00067,546,000 81,030,000 113

37. (a) 21 (b) (i) 3 31 12 31 2015 2016 2017 2017 2018 (i) 22 2,537 (i) 1,331 690 (i) 92 3,272 236 7 (i) 19,220 2,551 (i) 57 (i) 492 484 16 (i) 1,119 (i) 152 (i) 295 (i) 14 (i) 183 (i) 647 114

3 31 12 31 2015 2016 2017 2017 2018 (i) 221 (i) 4,221 329 211 (i) 448 (i) 4,493 2,051 4,736 895 (i) 2,585 1,241 1,138 1,138 27,221 11,590 12,583 2,496 3,234 3 31 12 31 2015 2016 2017 2017 2018 (iii) 196,246 (iii) 5,438 (iii) 5,361 (ii) 9,816 37,081 23,389 6,331 4,351 (i) 2,463 14,762 5,212 679 (i) 78 (i) 45 123 90 34 (i) 49 30 (i) 81 (i) 391 (i) 102 (i) 529 (i) 4,801 1,143 14,617 41,835 38,323 11,633 212,217 115

3 31 12 31 2015 2016 2017 2017 2018 (iii) 1,299 (iii) 344 (ii) 1,271 1,799 3,153 568 235 (iii) 138 (i) 66 75 (i) 11 (i) 2 (i) 167 281 84 (i) 4 (i) 56 (i) - 1,412 405 (i) 35 12 12 (i) 21 (i) 4 (i) - 233 (i) 371 (i) 37 (i) 9 (i) 2 (i) 61 28 (i) 28 66 66 (i) 223 328 (i) 45 230 1,377 2,784 5,781 1,135 2,104 116

(ii) 3 31 12 31 2015 2016 2017 2017 2018 (i) 1,710 4,120 2,294 2,057 (i) 1,369 619 1,985 132 127 (i) 3,007 1,803 217 290 (i) 755 1,000 (i) 185 (i) 51 152 75 (i) 144 50 (i) 160 94 94 (i) 283 67 (i) 58 (i) 500 272 47 (i) 1,231 604 39 39 (i) 8 15 (i) 7 5 (i) 150 11,033 (i) 566 (i) 194 268 (i) 66 (i) 6,619 62 (i) 1,574 (i) 572 (i) 290 (i) 20 12,519 18,709 9,471 2,856 3,524 117

(iii) 3 31 12 31 2015 2016 2017 2017 2018 (i) 19,429 24,333 29,929 6,588 6,947 (i) 636 2,126 1,704 329 458 (i) 852 821 20,917 27,280 31,633 6,917 7,405 (i) (ii) (iii) (iv) (v) 201520162017 12 312018 3 31 100,000,000100,000,000450,000,000 550,000,00020152016 12 31 350,000,000 290,000,0002018 3 31 (c) 3 31 12 31 2015 2016 2017 2018 7,497 11,997 18,660 3,210 412 421 503 154 6,653 4,064 14,562 16,482 19,163 3,364 118

38. (a) 12 31 3 31 2015 2016 2017 2018 7 7 7 9,318,225 Fangyou (BVI) (b) 2015 1 1 (77) (77) (17) (17) 2015 12 31 (94) (94) (20) (20) 2016 12 31 (114) (114) (15) (15) 27 (9) (9) 2017 12 31 (9) (129) (138) (31,972) (31,972) 1,229,977 9 1,229,986 8,357,013 8,357,013 2018 3 31 1,229,977 8,357,013 (32,101) 9,554,889 2017 3 31 2017 1 1 (114) (114) 1 1 2017 3 31 (113) (113) 119

39. 12 31 2018 2015 2016 2017 3 31 11 Fangyou (BVI) 2010 2 8 1,000 100% 50% 50% 100% 100% l 2008 7 18 5,000,000 100% 50% 50% 100% 100% c 2004 1 15 5,000,000 100% 50% 50% 100% 100% d 2005 7 7 2,000,000 100% 50% 50% 100% 100% e 2008 2 19 103,878,000 100% 50% 50% 100% 100% f 2010 1 18 50,000,000 100% 50% 50% 100% 100% i 2010 6 9 20,000,000 100% 50% 50% 100% 100% g 2013 1 31 3,000,000 100% 50% 50% 100% 100% l 2006 7 3 660,000,000 100% 50% 50% 100% 100% j 120

12 31 2018 2015 2016 2017 3 31 11 2004 4 29 5,000,000 100% 50% 50% 100% 100% l 2015 8 25 5,000,000 100% 50% 50% 100% 100% l 2015 11 16 50,000,000 100% 50% 50% 100% 100% h 2003 5 27 5,000,000 100% 50% 50% 100% 100% l 2006 12 4 3,000,000 100% 50% 50% 100% 100% l 2010 8 17 30,000,000 51% 25.5% 25.5% 51% 51% k (1) 2016 10 31CRE BVI50% 20162017 12 3150% 2018 3 3CRE BVI 50% 50%2018 3 31 50%100% (a) (b) 12 31 (c) 2015 12 31 20162017 12 31 121

(d) 201520162017 12 31 (e) 201520162017 12 31 (f) 201520162017 12 31 (g) 201520162017 12 31 (h) 201520162017 12 31 (i) 20152016 12 31 2017 12 31 (j) 201520162017 12 31 (k) 20152016 12 31 2017 12 31 (l) 122

40. 2015 2016 2017 12 31 12 31 12 31 2018 3 31 2015 12 31 2016 2017 12 31 12 31 2017 3 31 2018 3 31 2015 12 31 2016 2017 12 31 12 31 2018 3 31 * 50% 50% 64,715 350,025 56,011 32,648 700,611 1,047,636 11,945 20,485 63,261 23,087 25,852 53,759 55,567 89,877 115,729 11,945 85,200 413,286 79,098 58,500 53,759 756,178 1,137,513 115,729 * 2016 2017 2018 12 31 12 31 3 31 3,721,949 4,423,291 5,339,318 483,171 642,556 613,869 (2,747,965) (2,904,479) (2,559,167) (366) (219) (183) 700,611 1,023,636 3,278,108 700,611 1,047,636 55,567 89,877 115,729 123

2016 11 1 2016 12 31 2017 12 31 2017 3 31 2018 3 31 986,924 4,633,193 854,794 930,202 (854,795) (3,869,882) (719,685) (744,989) 132,129 763,311 135,109 185,213 64,715 350,025 56,011 126,713 64,715 350,025 56,011 32,648 2,699 63,261 23,087 25,852 132,129 763,311 135,109 185,213 2016 11 1 2016 12 31 2017 12 31 2017 2018 3 31 (15,247) (28,951) 572,124 (56,809) 174,560 45,563 1,979 4,572 (4,420) (1,281) (120,207) (150,469) 49,960 91,642 453,896 (202,706) 220,100 135,924 124

2015 2016 2017 2018 12 31 12 31 12 31 3 31 93,644 123,087 194,395 281,440 11,501 8,116 2,840 3,945 (13,402) (20,499) (17,419) (46,905) 46,789 56,459 91,706 121,625 44,954 54,245 88,110 116,855 2015 2016 2017 12 31 12 31 12 31 2017 3 31 2018 3 31 92,559 108,012 209,099 71,454 81,504 (63,841) (57,934) (87,903) (25,254) (22,839) 28,718 50,078 121,196 46,200 58,665 14,646 25,540 61,810 23,562 29,919 14,072 24,538 59,386 22,638 28,746 28,718 50,078 121,196 46,200 58,665 (10,347) (15,247) (25,521) 45,133 60,682 122,192 37,681 87,099 125

2015 2016 2017 12 31 12 31 12 31 2017 3 31 2018 3 31 (21,291) (31,669) (52,398) 23,842 29,013 69,794 37,681 87,099 41. 201520162017 12 312018 3 31 18,655,00013,794,00011,940,000 20 42. 2018 12 316 43. 2018 4 20 44. 2018 3 31 126

2018 6 30 6 30 2018 2017 3 2,779,769 1,925,222 (1,345,223) (1,115,012) (131,568) (71,221) (55,701) (51,140) (12,331) (12,302) (80,367) (52,471) (76,341) (74,427) (135,280) (30,016) (148,148) (125,134) 5 45,113 10,088 (18,427) 616 (125) (5,771) (39,527) (2,022) 627 (11,641) (10,311) 768,181 388,748 6 (204,710) (82,683) 7 563,471 306,065 467,525 131,437 95,946 174,628 563,471 306,065 9 50.80 26.29 45.71 127

2018 6 30 2018 2017 6 30 12 31 64,883 62,249 19,288 18,688 5,109 5,109 3,273 5,744 8,993 11,015 11 15,748 507,339 504,234 10 228,574 31,669 853,207 638,708 10 2,774,279 3,308,002 10 158,798 71,590 11 1,330,130 379,070 21,880 20,000 177,367 131,264 764,771 1,791,290 5,227,225 5,701,216 12 226,055 174,561 12 133,167 33,113 38,473 83,468 845,040 1,161,640 12 415,993 1,571,273 370,159 405,733 11 47,431 297,294 450,000 450,000 128 2,526,318 4,177,082

2018 2017 6 30 12 31 2,700,907 1,524,134 3,554,114 2,162,842 146 219 3,553,968 2,162,623 13 76 330,076 1,229,977 2,174,553 695,034 3,404,606 1,025,110 149,362 1,137,513 3,553,968 2,162,623 129

2018 6 30 1. 1a. 2010 2 22 PO Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands 38311 (CRE Corp.) 1b. 34 34 16 2018 6 30 2018 6 30 2018 7 10 2. 2018 6 30 2017 12 312018 3 31 130

3. (1)(2) (3)8 2018 2017 6 30 6 30 2,228,488 1,546,084 318,209 280,403 65,376 62,793 383,585 343,196 167,696 35,942 2,779,769 1,925,222 4. 2018 6 30 2,228,488 383,585 167,696 2,779,769 1,524 1,129 7,955 (10,608) 2,230,012 384,714 175,651 (10,608) 2,779,769 792,588 158,352 (73,598) 877,342 (1,283) (39,527) (44,425) 23,864 (2,022) 5,648 (11,641) (39,775) 768,181 131

2017 6 30 1,546,084 343,196 35,942 1,925,222 1,917 58 (1,975) 1,546,084 345,113 36,000 (1,975) 1,925,222 320,699 137,840 (62,586) 395,953 (40) 13 627 2,506 (10,311) 388,748 132

5. 2018 2017 6 30 6 30 5,648 2,506 39,031 6,879 434 703 45,113 10,088 6. 2018 6 30 2017 6 30 212,973 129,318 (5,085) (4,233) 207,888 125,085 (3,178) (42,402) 204,710 82,683 20182017 6 30 20182017 6 3025% 15%2015 2017 2018 12 31 2018 7 1915%2018 2020 133

20152019 50%12.5% 2018 6 30 12.5%2017 6 30 12.5% 15%2014 10 12020 12 312018 6 3015% 2017 6 30 15% 7. 2018 6 30 2017 6 30 9,564 9,289 296 136 2,471 2,877 12,331 12,302 40,344 52,936 34,132 (6) 5,891 (459) 80,367 52,471 602 (75) (1,349) (179) 144 44,425 (13) (23,864) (1,880) 55,701 51,140 8. 2017 134

9. 2018 2017 6 30 6 30 467,525 131,437 (23,864) 443,661 131,437 2018 2017 6 30 6 30 920,236 500,000 50,330 970,566 500,000 2017 1 1 2017 6 30 2017 6 30 2017 12 312017 12 1 144,600,000 2018 3 5144,600,000 2018 6 30 2018 6 30 135

10. 2018 6 30 2017 12 31 2,572,825 3,031,137 (431,667) (451,116) 2,141,158 2,580,021 633,121 727,981 2,774,279 3,308,002 i 114,971 39,439 211,548 18,796 22,117 16,298 ii 10,180 2,200 3,095 15,738 15,389 3,244 1,428 133 118 17,605 15,177 397,736 109,740 (10,364) (6,481) 387,372 103,259 3,161,651 3,411,261 158,798 71,590 228,574 31,669 387,372 103,259 136

i (i)(ii) ii 2018 6 30 30 2018 6 30 2017 12 31 2,013,153 2,325,803 100,906 220,797 27,099 33,421 2,141,158 2,580,021 2018 6 30 2017 12 31 180 17,454 722,644 181 365 615,667 5,337 633,121 727,981 137

11. 2018 6 30 2017 12 31 1,330,130 379,070 15,748 1,345,878 379,070 43,428 50,474 1,354,941 2,729 (72,673) (8,015) 1,325,696 45,188 19,802 1,345,498 45,188 380 333,592 290 380 333,882 1,345,878 379,070 (i)(ii) 30 138

2018 6 30 2017 12 31 1,247,338 29,561 70,967 14,440 7,391 1,187 1,325,696 45,188 2018 6 30 2017 12 31 47,431 297,294 6,871 17,823 37,659 21,544 44,530 39,367 2,901 257,927 47,431 297,294 2018 6 30 2017 12 31 44,089 39,367 25 416 44,530 39,367 139

12. 2018 6 30 2017 12 31 226,055 174,561 iii 133,167 33,113 530 622 124,508 120,945 16,121 19,778 i 176,920 130,963 31,595 66,319 45,115 415,993 317,423 ii 1,253,850 415,993 1,571,273 i ii 15 2018 3 5 1,229,986,000 2018 1 12018 3 5 23,864,000 Valuelink iii 2018 6 3042,705,000 140

2018 6 30 2017 12 31 225,009 173,242 323 513 723 806 226,055 174,561 13. 2018 6 30 2017 12 31 i 76 76 ii 330,000 76 330,076 i 2017 1 1 2017 6 30 1 1,000 1 7 i 99,999,000 i 0.00001 900,000,000 9 60 i 0.00001 144,600,000 1 9 2017 12 31 0.00001 1,144,600,000 11 76 2018 1 1 2018 6 30 i 0.00001 1,144,600,000 11 76 141

(i) 2017 11 6900,000,0000.00001 9,00060,000 900,000,000 2017 12 1144,600,0000.00001 1,500,000,0001,270,877,000 Captain Valley (Cayman) LimitedHeyday Surge Limited 48,200,000 144,600,000144,600,0000.00001 1,4469,000 100% 2018 6 30 1,500,000,000 2017 12 31 100%1,500,000,000 2017 12 31 1,253,850,000 2018 3 5 1,229,986,000 (ii) 142

201520162017 12 31 2018 3 31 465.8 974.91,791.33,182.2 143

12 31 3 31 2015 2016 2017 2017 2018 295,166 409,669 (275,018) 111,433 (101,961) (294,875) 134,059 4,572 (4,420) (1,281) (111,277) (34,504) 1,103,441 49,960 1,539,898 (110,986) 509,224 832,995 156,973 1,436,656 576,766 465,756 974,946 974,946 1,791,290 (24) (34) (16,651) 3 (45,781) 465,756 974,946 1,791,290 1,131,922 3,182,165 2018 3 31102.0 301.367.4 219.4 45.812.1 23.9 144

355.1 55.1 125.9 2018 22017 2018 3 31 2017275.0 522.3 891.32017 2017 1,141.1 200.1 2017 971.3 119.921.9 21.7 2016409.7 788.8 455.192.7 104.0 29.818.2 1,013.1 424.8 2015295.2289.2 100.533.5 63.4 26.4 18.0 17.4 550.3 209.4 145

204.3 2018 3 311.3 12.710.9 20174.6 40.26.720.0 18.5 2016134.1 225.1 67.027.1 2015294.9 1,402.91,089.9 2018 3 311,539.9 8,357.0 6,908.0 20171,103.4 1,253.91,040.2 1,164.0 146

201634.5 1,458.4153.6 1,681.0 2015111.3 600.0379.8620.7 230.0 12 12 31 3 31 2015 2016 2017 2017 2018 6,468 27,106 18,462 7,667 1,341 299 21 241 6,767 27,127 18,703 7,667 1,341 147

12 31 3 31 2015 2016 2017 2018 856 723 1,300 1,083 12 31 3 31 2015 2016 2017 2018 60,401 39,436 61,656 60,644 69,569 66,444 91,093 86,047 17,741 11,981 7,577 6,788 147,711 117,861 160,326 153,479 148

201520162017 12 312018 3 31 762.7771.7707.9805.0 2018 5 31 352.9350.0 2.9 201520162017 12 312018 3 312018 5 31 12 31 3 31 5 31 2015 2016 2017 2018 2018 350,000 290,000 100,000 100,000 450,000 550,000 350,000 450,000 390,000 450,000 550,000 350,000 160,000 390,000 450,000 550,000 350,000 290,000 450,000 390,000 450,000 550,000 350,000 20152016 2017 12 312018 3 312018 5 31 2018 5 31 149

12 31 3 31 5 31 2015 2016 2017 2018 2018 5.06% 4.84% 4.82% 4.35% 4.35% 6.04% 6.04% 6.04% 5.22% 5.00% 2018 5 31 2018 5 31 20172018 3 31 150

100,000300,000 201520162017 12 312018 3 31 85.352.2 2018 3 2017 12 312018 5 31 53.3 (i)(ii) 151

2018 3 31 12 31 12 31 3 31 3 31 2015 2016 2017 2017 2018 (1) 11.1% 19.7% 20.7% 21.0% 26.7% (2) 6.5% 14.3% 16.5% 15.8% 16.4% (3) 5.2% 16.3% 14.4% 12.8% 8.8% (4) 11.8% 48.4% 42.2% 35.2% 23.2% (5) 151.0% 132.2% 136.5% 142.4% 156.3% (6) 49.9% 26.7% 20.8% 30.1% 17.7% (1) IFRS (2) (3) 201520162017 12 31 2017 3 312018 3 31 4 (4) 201520162017 12 31 2017 3 312018 3 31 4 (5) (6) 152

201511.1%201619.7% 201720.7%20156.5%201614.3% 201716.5% 20162017 2017 2017 3 31 21.0%2018 3 31 26.7%2017 3 31 15.8%2018 3 31 16.4% 20155.2%201616.3% 201511.8%201648.4% 20152015 600.01,280.6 201616.3%201714.4% 2017 3 31 12.8%2018 3 31 8.8% 201648.4%201742.2% 2017 3 31 35.2%2018 3 31 23.2% 20172018 3 31 153

2015 12 31151.0%2016 12 31 132.2% 2015 12 312016 12 31 2016 12 31 132.2%2017 12 31 136.5%2018 3 31 156.3% 2015 12 3149.9%2016 12 3126.7%2017 12 3120.8%2018 3 31 17.7% 52 51 18638 Top100 46 154

2016 S2B2C 2018 3 31325,211 2018 10,00052 2017 2018 3 31 2017 2,093190,005 2018 52 155

(i)(ii) (iii)(iv)(v) (vi) 156

2015 7 30E-House Management Company Limited 2015 8 11 E-House Enterprise Management Group Limited E-House Enterprise Management Group Limited 50 2015 9 15 4.22 157

E-House Management Company Limited E-House Management Company Limited 2015 12 31E-House Enterprise Management Group Limited E-House Enterprise Management Group Limited E-House Enterprise Management Group Limited 71,545,000 E-House Enterprise Management Group Limited 71,545,0002015 12 31 2015 12 31 2016 4 15 E-House Merger Sub Ltd. E-House Merger Sub Ltd. 158