3 11,657,761 6,987,097 7 (6,410,085) (3,226,908) 5,247,676 3,760, , ,991 5 (42,499) (164,171) (584,576) (592,863) (974,498) (958,607) 1,

JOY CITY PROPERTY LIMITED 207 11,657.8 66.8% 3,433.1 9.9% 7,136.4 158.9% 2,574.8 101.9% 1,153.2 44.6% 839.0 163.3% 147,873 115.5% 8,156.4242,497.8 78.6% 158.1% 4.28% - 1 -

3 11,657,761 6,987,097 7 (6,410,085) (3,226,908) 5,247,676 3,760,189 4 160,539 110,991 5 (42,499) (164,171) (584,576) (592,863) (974,498) (958,607) 1,101,041 1,006,770 6 (783,213) (704,568) (19,066) 8,191 (687) (8,661) 7 4,104,717 2,457,271 8 (1,529,930) (1,182,083) 2,574,787 1,275,188 1,153,162 797,581 214,446 244,100 1,207,179 233,507 2,574,787 1,275,188 10 7.5 5.2-2 -

2,574,787 1,275,188 87,206 (38,438) 87,206 (38,438) 77,151 2,961 (19,288) (740) 57,863 2,221 145,069 (36,217) 2,719,856 1,238,971 1,298,231 761,364 214,446 244,100 1,207,179 233,507 2,719,856 1,238,971-3 -

54,268,000 50,101,179 3,273,397 5,045,044 629,526 896,522 39,140 39,440 107,217 67,278 34,313 213,468 228,435 510 510 253,042 253,042 10,000 10,000 28,833 15,815 20,000 58,857,446 56,677,265 42,795 27,286 2,236,373 4,641,811 12,502,999 11,320,633 11 171,305 202,029 654,414 420,263 84 20 325 17,778 21,585 26,802 154,611 31,901 173,644 11,678 347,143 30,321 83,519 1,283,100 30,851 10,869 5,740 8,403,593 8,791,101 25,771,155 25,873,418 1,741,922 27,513,077 25,873,418 86,370,523 82,550,683-4 -

12 2,463,354 1,865,898 3,867,056 4,905,822 4,135,018 3,085,151 201,288 321,416 1,248 1,450 379,153 2,517,969 1,558,571 1,033 113,672 79,802 300,000 68,000 1,038,850 31,409 4,000 25,310 2,361,101 2,910,317 634,105 634,811 2,264 29,867 16,421,794 17,116,141 840,427 17,262,221 17,116,141 10,250,856 8,757,277 69,108,302 65,434,542 330,734 200,114 33,038 877,976 790,000 8,986,059 7,620,379 7,106,188 6,663,679 5,232,283 5,540,527 4,102,253 3,080,174 26,635,493 23,927,911 42,472,809 41,506,631 13 1,122,414 25,896,103 1,122,414 25,080,937 27,018,517 26,203,351 2,767,681 3,515,849 12,686,611 11,787,431 42,472,809 41,506,631-5 -

1. A - 6 -

2. 7 12 12 40 7 (i)(ii) (iii)(iv) (v) 40 40 1,320,275,000 1,905,000,000 584,725,000-7 -

40 9 1 15 1 16 2 17 4 1 22 2 23 2 1 44 9 1 9 2 10 28 3 28 2 28 1 2 1 2 3 4 9 9 9 9 9-8 -

9 39 9 22 9 39 9 9 39 15 15 15 18 11 15-9 -

15 15 15 15 15 15 15 15 15 16 16 16 17 16 16-10 -

17 16 1617 16 210,442,000 16 17 16 3. - 11 -

3,433,075 3,123,460 7,123,798 2,752,066 12,593 4,186 82,320 89,284 46,722 7,696 10,698,508 5,976,692 694,114 716,770 265,139 293,635 959,253 1,010,405 11,657,761 6,987,097-12 -

3,446,103 7,136,391 959,253 129,042 11,670,789 11,670,789 7,231 143 124,821 132,195 (132,195) 3,453,334 7,136,391 959,396 253,863 11,802,984 (132,195) 11,670,789 (13,028) 11,657,761 2,510,302 2,100,480 61,656 (82,949) 4,589,489 4,589,489 52,879 (111,431) (783,213) (19,066) (687) 376,746 4,104,717-13 -

3,125,826 2,756,252 1,010,405 96,980 6,989,463 6,989,463 3,359 37,762 41,121 (41,121) 3,129,185 2,756,252 1,010,405 134,742 7,030,584 (41,121) 6,989,463 (2,366) 6,987,097 2,509,200 985,676 (87,863) (45,211) 3,361,802 3,361,802 33,906 (233,399) (704,568) 8,191 (8,661) 2,457,271-14 -

11,016,153 6,891,972 641,608 95,125 11,657,761 6,987,097 55,288,075 53,269,751 3,063,518 2,879,712 58,351,593 56,149,463 10% - 15 -

(1,058) (2,825) 133 7,232 3,482 17,852 23,360 224,148 43,919 309,279 6,564 1,440 17,768 2,357 28,129 57,025 57,025 44,139 (645) 842 9,439 53,775 251,352 251,352 21,728 21,728 11,224 927 (143) (2,098) 9,910 26,559 48,165 269,211 4,784 348,719 2,200 27,522 1,525 31,247 5,512 11,760 64 14 17,350 4. 95,763 39,364 17,777 13,446 11,337 3,907 22,316 23,857 15,711 7,898 20,154 160,539 110,991-16 -

5. 376,746 17 (1,236) (3,499) (8,674) (21,728) (57,025) (53,775) (17,350) (251,352) (41,482) (93,312) (7,438) (40,823) 17,037 (2,776) 6. (42,499) (164,171) 546,326 606,410 * 46,677 54,199 181 13,354 50,199 27,377 1,557 1,130 118,079 98,174 208,297 206,163 1,444 19,807 992,567 1,006,807 (27,768) (27,019) (102) (181,586) (275,118) (209,354) (302,239) 783,213 704,568 * - 17 -

4.28% 4.41% 3.09% 5.01% 7. 1,014 3,233 301 5,474 9,521 6,403 1,743 1,066 28,129 31,247 * 309,279 348,719 348,973 392,909 4,810,596 1,626,720 974,098 911,961 13,069 4,186 84,391 64,282 527,931 619,759 6,410,085 3,226,908 840,664 807,086 99,388 51,529 940,052 858,615 (54,648) (56,412) 885,404 802,203 266,162 243,078 3,019 3,019-18 -

8. 702,847 264,747 5,115 26,536 496,456 430,512 21,556 13,774 1,225,974 735,569 775 3,986 775 3,986 303,181 442,528 1,529,930 1,182,083 16.5% 25% 5% 10% 10% 5,115,000 26,536,000 30% 60% - 19 -

4,104,717 2,457,271 25% 25% * 1,026,179 614,318 (203,172) (9,563) 496,456 430,512 (124,114) (107,628) 113,024 131,085 (61,698) (325) 208,301 119,212 7,977 24,541 (33,090) (52,248) 4,826 (2,047) 172 2,165 111,199 24,408 775 3,986 (16,905) 3,667 1,529,930 1,182,083 * 9. 4 1 497,321 120,426 38,276 9,269 4 505,046 38,871 535,597 673,612-20 -

4 4438 4569460 4435 10. 1,153,162 797,581 14,231,125 14,231,125 1,095,301 1,095,301 15,326,426 15,326,426-21 -

11. 94,337 80,574 15,763 26,025 52,121 54,276 562 (23,488) (23,758) 139,295 137,117 * 32,010 64,912 171,305 202,029 * 30 60-22 -

3 125,123 78,129 3 1 7,856 29,148 1 2 4,300 28,253 2 3 2,016 1,146 3 441 12. 139,295 137,117 36,336 185,713 2,427,018 1,680,185 2,463,354 1,865,898 1 34,472 175,646 1 2 523 7,644 2 3 129 1,216 3 1,212 1,207 36,336 185,713-23 -

13. 0.10 28,904,699,222 2,890,470 2,293,502 0.10 14,231,124,858 1,423,112 1,122,414-24 -

(Hong Kong Standards on Auditing) (Hong Kong Standards on Review Engagements) (Hong Kong Standards on Assurance Engagements) 2017 2017 2017 PMI 53.9 2014 8 2017-25 -

23.36 11% 4 25% 54.8% 13,00068319 3,433.1 3,123.5 (%) 646.5 1,131 97 40.8 277 93 584.8 461 92 371.4 357 97 216.4 335 94 208.5 161 95 110.6 121 98 141.3 126 93 ** 218.2 245 77 116.2 1,962* 88 75.0 448 96 2,729.8 * ** CC 316 96% - 26 -

(%) 637.1 1,092 94 37.3 284 84 522.8 378 95 332.3 322 99 214.7 309 90 182.6 142 95 100.9 112 99 113.3 114 97 209.8 300 92 109.5 1,952* 82 72.4 433 95 11 8.9 569 100 2,541.6 * 81.56 78.6% LOFT 20.48-27 -

261.1 1,320.3 197,755 2,048.1 32,472.7 63,071 266.3 7,624.0 34,923 534.2 10,146.0 52,653 1,129.8 55,032.9 20,530 1,263.7 38,548.0 32,782 1,180.0 61,233.1 19,271 951.6 34,570.0 27,527 11 521.6 1,550.8 336,351 8,156.4 242,497.8 118.6 620.7 191,018 73.1 1,635.7 44,719 1,083.2 43,507.6 24,897 2,627.2 24,149.8 108,789 404.4 11,395.3 35,485 260.6 12,631.2 20,631 4,567.1 93,940.3-28 -

9% 959.3 1,010.4 (%) 72 1,461 1,855 88 1,214 1,261 82 295 364 W 70 802 1,038 62 382 613 (%) 66 1,341 1,820 83 1,183 1,282 69 285 416 W 55 661 1,041 83 508 613-29 -

11,657.8 6,987.1 66.8% 3,433.129.4% 9.9% 2,335.9 2,103.7 11% 7,136.461.2% 2,756.3 158.9% 147,873 48,175 115.5% 20.1% 959.38.2% 5.1% 2017 82.30.7% 7.8% 46.70.4% 507.1% 6,410.1 3,226.9 45.0% 53.8%8.8-30 -

2,574.8 1,275.21,153.2 797.6896.6 87.4 114.01,921.0 599.8 839.0 318.6 2018 MALL - 31 -

86,370.5 82,550.7 9,697.6 8,827.7 * 21,684.4 21,317.3 42,472.8 41,506.6 1.59 1.51 ** 28.2% 30.1% 4.28% 4.31% * ** 86,370.5 82,550.742,472.8 41,506.6 2.3% 21,684.4 21,317.3 1.7% 28.2% 30.1%1.9 72.5% 27.5% 10 4.95% 90 4.28% 20160.03-32 -

5,535 4 4 183 22-33 -

183 22 (www.hkexnews.hk) (www.joy-cityproperty.com) - 34 -

0.10-35 -

0.10 % - 36 -