B & S INTERNATIONAL HOLDINGS LTD. 100,000,000 10,000,000 90,000, % % 0.005% C

B & S International Holdings Ltd. 1705

B & S INTERNATIONAL HOLDINGS LTD. 100,000,000 10,000,000 90,000,000 1.001.0% 0.0027% 0.005% 0.01 1705 32 342C 1.000.80 www.hkexnews.hkwww.bandshk.com

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27 241,941 85.6% 220,606 73.6% 243,075 66.1% 92,753 65.7% 96,287 56.7% 40,617 14.4% 79,164 26.4% 124,903 33.9% 48,461 34.3% 73,432 43.3% 282,558 100.0% 299,770 100.0% 367,978 100.0% 141,214 100.0% 169,719 100.0% % % % % % 62,075 25.7% 67,788 30.7% 69,235 28.5% 25,586 27.6% 27,417 28.5% 3,817 9.4% 10,004 12.6% 21,943 17.6% 9,005 18.6% 15,082 20.5% 65,892 23.3% 77,792 26.0% 91,178 24.8% 34,591 24.5% 42,499 25.0% 1

24.3% 100 7,000 SKU (i) (ii)(iii) (iv) 2

(a) (b) (c) (d) (e) 3

SKU 1 315 8,950 38,272 20.7% 8,407 35,163 20.7% 12,381 57,726 28.6% 5,937 25,074 31.8% 5,497 24,809 27.9% 2 203 891 10,966 5.9% 512 6,825 4.0% 517 8,316 4.1% 236 3,558 4.5% 234 3,341 3.8% 3 43 642 10,299 5.6% 423 8,425 5.0% 409 8,130 4.1% 201 3,841 4.9% 156 2,683 3.0% 4

42 % % % % % 2,878 7.7% 8,730 12.2% 19,654 17.7% 7,719 18.4% 14,591 21.6% 1 507 13.6% 2,076 22.2% 993 21.7% 27 0.8% Hotel Chocolat 2 40 5.0% 3 939 29.8% 767 20.4% 213 4.8% 293 14.5% 424 26.5% 3,817 9.4% 10,004 12.6% 21,943 17.6% 9,005 18.6% 15,082 20.5% 1. 2. Hotel Chocolat 3. Hotel Chocolat (a) 5

92.2%90.6%88.9%86.4% 92.0%32 19.3 20.0 20.3 20.2 20.6 59.8 27.2 25.4 23.8 26.4 4.6 8.2 13.2 11.6 19.5 0.2 1.1 1.4 1.7 1.5 75.1% 78.4% 14.8%27.0% 6

7.7%12.2% 17.7%18.4% 21.6% 10 17 19 3.7 4.0 4.2 4.6 2.2 2.4 5.7% 8.9% 9.4% (b) 18 4.7%7.5%9.4% 4.7% (c) Hotel Chocolat Hotel Chocolat 100 Hotel Chocolat 7

(d) 130 96.9 91.0 120.5 56.5 52.5%53.5%59.8% 63.5% 55.852.375.532.5 30.2%30.7%37.4% 36.5% UHA 8

(i)(ii)(iii) (iv)(v)(vi) 152.9 128.9 148.2 57.6 54.1%43.0%40.3% 34.0% 30.0%75.2 74.4 94.0 39.1 26.6%24.8%25.5% 23.0%11 35.3 19.2 19.0 5.7 2. 8,000 463498 1.9% 62.4% 134.6 24.3% 9

(i)(ii)(iii) (a) (b) (c) (d) (e) (f) (i) ACAC Investment (ii) SCSC Holdings(iii) CCST Investment 25%25% 25% ACAC InvestmentSCSC HoldingsCCST Investment 10% 10

(i) (ii) (iii) (iv) (v) (vi) (i) (ii) (iii) (iv) ERP 11

282,558 299,770 367,978 141,214 169,719 65,892 77,792 91,178 34,591 42,499 19,334 25,296 33,789 9,282 9,239 16,250 21,151 28,260 7,672 6,610 19,487 25,551 34,712 44,021 87,233 105,410 125,907 131,925 62,682 78,719 97,225 105,984 24,551 26,691 28,682 25,941 43,976 52,077 63,327 69,937 29,854 33,326 22,963 6,553 (4,228) (9,253) (14,348) (17,632) (23,451) (6,561) (1,246) (1,754) 2,175 17,512 7,369 (12,833) 12

(%) 7.3 8.8 9.6 5.8 (%) 4.8 6.6 7.4 3.7 (%) 35.5 42.4 46.7 (%) 12.8 15.1 17.0 14.8 26.0 25.3 17.5 1.4 1.3 1.3 1.2 1.1 1.1 1.1 1.0 (%) 1 112.1 111.3 119.0 109.8 (%) 2 83.4 53.4 59.8 63.8 1. 100% 2. 100% 27.2 0.9 100,000,000 (i) 10.1 (ii) 17.1 6.2 10.9 13

62.8 0.9 % 41.2 65.6% 30,000 10.8 17.2% ERP 3.2 5.1% 2.2 3.5% 5.4 8.6% 11.0 13.1 17.015.0 10.8 4.2 14

147.5136.9 168.6 77.8 79.9%80.4%83.6% 87.5% Hotel Chocolat 10.9 15

0.80 1.00 320 400 0.31 0.36 15.0 0.27 0.800.321.00 16

ACAC Investment ACAC Investment Limited Bands Investment Bands Investment Limited 33.33% Saw Corporation 17

Saw Corporation Saw Corporation 299,998,500 3. CCST Investment CCST Investment Limited 18

223 622 32 (i) 1,700 (ii) 1,700 (iii) 1,700 456 ACAC InvestmentSCSC Holdings CCST Investment 16. 19

ACAC InvestmentSCSC Holdings CCST Investment 20

1.0% 0.0027%0.005%1.00 0.80 1.0%0.0027% 0.005% 90,000,000 23

1.0%0.0027% 0.005% 10,000,000 S S 3. Saw Corporation Saw Corporation Limited SCSC Holdings SCSC Holdings Limited 24

571 0.01 15. 1 6 ACAC InvestmentSCSC Holdings CCST Investment 25

% 26

ERP SKU (stock keeping unit) 27

UHA UHA 30

85.6%73.6%66.1%65.7% 56.7% (a) (b) (c) (d) (e) 310 290 970 26.6%24.8%25.5% 23.0% 31

7.816.225.89.715.0 19.2%20.5%20.6%20.1% 20.4% 32

(a) (b) (c) (d) (e) (f) (g) (h) 34

42 1.0 1.014.0 14.0 35

29.9 36

H1N1H7N9 H10N8 38

ERP 80,00038,000 106,00039,000 42,000 39

544,000 720,000 441,000 271,000 40

25 52.8 53.3 63.0 67.3 87.188.087.3103.54.87.3 5.5 5.2 12.3 13.111.79.7 (i)(ii)(iii) 41

120 52.8 53.363.0 67.3 60.6%50.5%50.0%51.0% 87.1 88.0 87.3 103.5 14.7 13.411.2 15.6 42

ERP ERP ERP ERP ERP 43

183,000 60.159.5 82.7 35.6 34.4 32.6%35.0%41.0%45.2% 38.7% 2.5(0.4)(1.1)(1.8)(1.3) 44

5.65.1 5.5 5.9 (9,000) (442,000) 398,000 360,000 10% 557,000 512,000 552,000588,000 16 2.20 40.7 16 12 16 12 45

16 2.1 46

(i) (ii)(iii)(iv) 48

15. 11.013.117.0 15.0 49

75.0% 50

14A 14A.105 14A.3514A.36 14A.46 14A 53

571V 54

338 233 3301 04 Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands 55

4,000 1705 56

70 72 19 A 2 221 H 25 10 70 72 19 A 17 1B 35 6 606 825E 58

6 29 16 1601 1 46 8 804 1 46 8 804 1 2 4 9 89 7 1 2 4 9 89 7 1 4 6 111 20 59

1 4 233 7 14 64 1 99 77 7707 1 208 6 1 21 Conyers Dill & Pearman Cricket Square Hutchins Drive PO Box 2681 Grand Cayman KY1-1111 Cayman Islands 15 21 22 60

8 1706 63 12 1213 3 33 61

Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 181 9 911 www.bandshk.com (CPA, FRM) 8 1 21 A 70 72 19 A 8 1 21 A 62

Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 338 2 33 3301 04 1 9 83 63

420,000 (i)(ii) 64

90% (POS) 95% 408 455 2.8% 498 80 15.0 60 40 40,771.9 42,554.9 44,367.2 44,668.2 45,494.1 46,267.5 47,054.0 47,901.0 48,906.9 49,836.1 10.0 20 4.4 4.3 0.7 1.8 1.7 1.7 1.8 2.1 1.9 5.0 0 0.0 1. 2. 65

6.8% 2.1%4.4% 937 120 15.0 100 80 69.8 74.6 78.9 81.4 83.1 84.8 86.8 89.0 91.3 93.7 10.0 60 6.8 5.7 40 20 3.2 2.1 2.1 2.3 2.5 2.6 2.6 5.0 0 0.0 46.8%(45.9%) (7.3%) 30.0%(28.6%) (27.1%) 7.3% 7.6% 28.6% 45.9% 27.1% 46.8% 6.6% 30.0% 1. 66

2. 3. 9.2%7.6% 8.1% 200 180 160 153.0 164.0 179.0 169.0 181.0 175.0 140 135.0 141.0 155.0 124.0 128.0 120 128.0 102.0 113.0 100 90.0 80 (3.3%) (4.4%) (4.7%) 5.8% 19,000 18,000 17,000 16,000 15,000 14,000 13,000 12,000 11,000 10,000 9,000 8,000 15,000 11,600 10,300 9,400 15,500 12,200 10,900 10,000 16,000 13,000 11,500 10,500 16,500 13,300 12,000 11,100 17,100 13,800 12,400 11,800 67

(a) 25,1252.8% 2,163.0 2,605.0 (b) 600 (c) (a) ERP (b) 68

(a) 9.2%(7.6%)(8.1%) 0.4% (b) 95% 19,000 5,164 3,452 10,542 18,400 47.1%8,000 15% 0.5%243.10.2% 124.9 69

(a) (b) (c) (a) (b) (c) (d) (e) 70

3.8% 38.7 45.0 2.2% 49.7 50 45 40 38.7 35 30 25 20 15 10 5 0 40.1 42.3 43.7 45.0 45.6 46.4 47.1 48.8 49.7 489.8 552.8 3.1% 53.6% 2.2%561.3 611.9 700 600 500 489.8 501.2 516.1 533.4 522.8 561.3 575.3 581.5 593.4 611.9 400 300 200 100 0 71

100.0 128.6 6.5% 140 120 100.0 100 107.1 114.3 121.4 128.6 80 60 40 20 0 11,100 14,0006.0% 5.8%18,600 20 15 11.1 10 11.7 12.5 13.2 14.0 14.8 15.7 16.6 17.6 18.6 5 0 72

0.4% 1,356.01,379.0 2.6%1,389.0 1,540.4 2,000 1,500 1,000 1,356.0 1,402.0 1,471.0 1,472.0 1,379.0 1,389.0 1,405.7 1,438.0 1,482.6 1,540.4 500 0 (a) (b) (c) (a) 73

(b) (a) 6.0%0.4% (b) 500 62.4% (i)(ii)(iii)(iv)(v)(vi) 134.6 24.3% A(22.2%) B(15.9%) 74

1 29 134.6 24.3% 4.6 2 A 35 122.5 22.2% 3.5 3 B 32 87.7 15.9% 2.7 344.8 62.4% (a) (b) 75

86103 4.6% 132 5.1% 14 12 10 8 8.6 9.0 9.4 9.8 10.3 10.8 11.4 12.0 12.6 13.2 6 4 2 0 76

1. 132 V 50 10,000 5352 10,000 54 54 50,000 61 77

(a) 132X 31(1) 31(1) 132AC 5 78

17(1) (b) 12 (c) 35 31(1)50,000 900 41 517(1) 50,000 900 (a) 1215 (b) 12 15 14 79

(b) 24 (i)(ii) (iii)(iv) 72 10,000 1. (c) 14 20 3. 132AK 4(1)(ab) 4(2A) (i)(ii) (iii)(iv)(v)(vi) 74 50,000 81

4. 456 6 6 (i)100,000 (ii) 500,000 1,000 5. 60E 4 5 14 82

14 (i)1,000 (ii) 100 45 10,000 7 45 6. 132W 31 1 50,000 4A4 3 3(i)(ii)(iii) (iv)(v)(vi) 50,000 4B 51 5 2 50,000 83

7. 362 2 7 500,000 84

B & S Company 15 32 Hotel Chocolat 85

Saw Corporation 86

Hotel Chocolat 390,000 39,000,000 0.01 Bands Investment Saw Corporation Saw Corporation ACAC Investment SCSC Holdings CCST Investment 33.33%33.33% 33.33% ACAC InvestmentSCSC Holdings CCST Investment 25%25% 25% ACAC InvestmentSCSC HoldingsCCST Investment 87

Bands Investment Bands Investment Bands Investment Bands Investment 33.33% Bands Investment 3 Saw Corporation Saw Corporation Saw Corporation 33.33% Saw CorporationBands Investment Saw Corporation 3 Saw Corporation 33.33% Bands Investment 3 88

5,098 4,900 5,098 4,900 51%5,10049%4,900 15 20 1,700 1,700 1,700 Bands Investment 69.068.6 70.9 25.4 2.7 1.4 0.9 0.4 89

35%30% 35%500 500 33.33% (i)(ii) Saw Corporation Saw Corporation (h) 8 (i) (ii) 1. 90

Saw Corporation (a) (b) (c) (d) 91

33.33% 33.33% 33.33% 51% 49% Saw Corporation (a) 1 1.00 1.00 33.33% (b) 2 ACAC InvestmentSCSC Holdings CCST Investment ACAC InvestmentSCSC Holdings CCST Investment ACAC InvestmentSCSC Holdings CCST Investment 1.0050,000 92

i. 1.00 ACAC Investment ii. 1.00 SCSC Holdings iii. 1.00 CCST Investment ACAC InvestmentSCSC Holdings CCST Investment (c) 3 390,000 39,000,000 0.01 99 200100 100 100 100 33.33% 16 (d) 4 Bands Investment Bands Investment Bands Investment1.00 50,000 1.00 Bands Investment Bands Investment 93

(e) 5 ACAC Investment SCSC Holdings CCST Investment100% i. ACAC Investment100ACAC Investment ii. SCSC Holdings100 SCSC Holdings iii. CCST Investment100CCST Investment ACAC Investment100 SCSC Holdings100 CCST Investment100 33.33% ACAC InvestmentSCSC Holdings CCST Investment (f) 6 Bands Investment Saw Corporation100% i. Bands Investment33.33% 100%ACAC Investment SCSC Holdings CCST Investment100 100 100 300 94

ii. Saw Corporation Bands InvestmentSaw Corporation 33.33%100% ACAC InvestmentSCSC Holdings CCST Investment100 100 100 300 iii. Sunny Land Bands InvestmentSunny Land 33.33%100%ACAC InvestmentSCSC Holdings CCST Investment100 100 100 300 Saw Corporation Bands InvestmentACAC Investment400 SCSC Holdings400 CCST Investment400 33.33% (g) 7 Bands Investment 51% i. 1,700 Bands Investment ACAC Investment 100 95

ii. Bands Investment1,700 SCSC Holdings 100 iii. Bands Investment1,700 CCST Investment 100 Bands Investment ACAC Investment500 SCSC Holdings500 CCST Investment500 33.33% (h) 8 Saw Corporation i. Saw Corporation Saw CorporationSaw Corporation (i)(ii) ii. Saw Corporation (i)0.1 (ii) 17.8 96

iii. Saw Corporation Saw CorporationSaw Corporation i. ii. 8.6 iii. (i) 9 9,961,000,000 390,000 39,000,000 100,000,000 10,000,000,000 97

100% 100% 100% CCST Investment SCSC Holdings ACAC Investment 33.33% 33.33% 33.33% 100% Bands Investment 100% 100% 100% 51% 49% Saw Corporation 98

100% 100% 100% CCST Investment SCSC Holdings ACAC Investment 25% 25% 25% 25% 100% Bands Investment 49% 100% 100% 100% 51% Saw Corporation 99

27 24.3%32 241,941 85.6% 220,606 73.6% 243,075 66.1% 92,753 65.7% 96,287 56.7% 40,617 14.4% 79,164 26.4% 124,903 33.9% 48,461 34.3% 73,432 43.3% 282,558 100.0% 299,770 100.0% 367,978 100.0% 141,214 100.0% 169,719 100.0% (i)(ii) (iii)(iv) 100

100 7,000 SKU 2,500 42 Hotel Chocolat 92.2%90.6%88.9% 92.0% 101

15 100 7,000 SKU (i)(ii) (iii) 102

2,500 310 290 970 31.1%33.7%38.7% 40.6% (i) 128.0% (ii) 75.4% (iii) 139.8% (iv) 103

26 25 26 104

26 32 14 (i) (ii) (iii) 2.2% 105

3.3% 3.0% 11.0% 17.5% 24.3% 17.1% (i) 12.1 9.9%(ii)1.1 31.4% 299 106

86 103 4.6% 132 5.1% (i) (ii) (iii) (i) (ii) 31 107

(i) (ii)21 10 46,2802,995 111.9%95.9%114.8% 114.6% 30,000 1,941 20,000 10,000 108

64.8% 128.0% 43 44 58 72 ERP ERP ERP ERP ERPERP 109

241,941 85.6% 220,606 73.6% 243,075 66.1% 92,753 65.7% 96,287 56.7% 40,617 14.4% 79,164 26.4% 124,903 33.9% 48,461 34.3% 73,432 43.3% 282,558 100.0% 299,770 100.0% 367,978 100.0% 141,214 100.0% 169,719 100.0% 90.3%86.5%87.2%89.7% 90.0% 9.7%13.5%12.8%10.3% 10.0% 110

80 163 114 96 81 82 UHA 111

2 2 2 2 2 60,215 32.6% 59,659 35.1% 82,846 41.1% 35,736 45.4% 34,472 38.8% 68,257 37.0% 54,569 32.1% 64,181 31.8% 24,185 30.7% 34,619 38.9% 17,634 9.6% 14,953 8.8% 15,381 7.6% 6,609 8.4% 5,416 6.1% 20,741 11.2% 18,144 10.7% 15,665 7.8% 3,608 4.5% 3,847 4.3% 1 17,737 9.6% 22,859 13.3% 23,637 11.7% 8,636 11.0% 10,542 11.9% 184,584 100.0% 170,184 100.0% 201,710 100.0% 78,774 100.0% 88,896 100.0% 1. 2. 112

3,200 SKU 1,900 1,700 500 SKU7,000SKU100 SKU SKU 3,400 3,200 3,100 2,700 SKU 1,400 1,900 1,700 500 SKU 1,600 2,000 2,100 1,300 SKU 3,200 3,100 2,700 1,900 113

UHAUHA (i) (ii)(iii) UHA 315 SKU UHA Cororo e-ma UHA UHA UHA UHA UHA UHA 115

UHA(i)(ii) UHA 203 SKU 116

2520 8,300,000 2% 2% (i)(ii) 45(iii) 60 80% 117

43 SKU 118

67,605 27.9% 63,074 28.6% 75,255 31.0% 25,672 27.7% 30,019 31.2% 25,549 10.6% 23,446 10.6% 29,833 12.3% 12,817 13.8% 13,116 13.6% 20,677 8.5% 20,076 9.1% 20,679 8.5% 6,555 7.1% 6,858 7.1% 32,516 13.4% 28,654 13.0% 26,369 10.8% 10,948 11.8% 12,692 13.2% 55,761 23.0% 40,520 18.4% 44,796 18.4% 18,506 20.0% 13,926 14.5% 39,833 16.6% 44,836 20.3% 46,143 19.0% 18,255 19.6% 19,676 20.4% 241,941 100.0% 220,606 100.0% 243,075 100.0% 92,753 100.0% 96,287 100.0% 630 1,300 500 70 2,500 119

2. 120 2424 21 19 1 24 2 1 24 2 1 16 2 5 1 16 2 3 120

1. 2. (i)(ii) (iii)(iv) 121

(a) (b) (c) 122

ERP 46,2802,995 176 (i)(ii) 1. 111.9%95.9%114.8%110.9% 114.6% 123

2 1 % % % % % 7 B2 A1 2 A24 A1 5B3 46,280 35,757 2,995 111.9% 95.9% 114.8% 110.9% 114.6% 1. (i) (ii) 2. (i) (ii) 100% 124

125

211 92.2%90.6%88.9%86.4% 92.0% 24.3% 450 1338 2330 39.9 7,800 1698 70 2,880 127

913 913 2 2 2 2 2 32,414 86.5% 60,354 84.2% 97,622 87.9% 35,853 85.6% 61,437 90.9% 1 5,049 13.5% 11,331 15.8% 13,454 12.1% 6,023 14.4% 6,133 9.1% 37,463 100.0% 71,685 100.0% 111,076 100.0% 41,876 100.0% 67,570 100.0% 1. 2. 128

32 1 50010 L1005 L1006 1 2 8-12 10 3 44 TW-4-007 4a 4A-4C137-147A 4b 2 4b 151 5 184 6 4PIAGO 401 7 418apm KT-004 8 2 2038 129

9a 1822038 2039A 9b 9b 6083 340C 10 1982 UNY UN2-06 11 42A 12 MKK2 13a 3438 46 GB C 13b 2 13b 136 46 6 14 5 B 15 83 V City TM4-005 16 32 L222 17 2 L110C 18 A 2 050-051 130

19 682 20 93Lab Concept 1 D14 15 21 1 182 22 TAP 20 23 HOK 69 24 546A 25 3032 34 C 26 1 1 27 G102A 28 82 222TKO-10-005B 29 23 33 G08B 30 322211 31 332 227 32 2 339 131

33 44 34 57 87 G1 35 33 1 201 (1) L1005 (2) 5 5 10 7 17 7 24 5 29 4 1 32 132

133

(i) (ii)(iii) (iv) (v) 350 19.3 20.0 20.3 20.2 20.6 59.8 27.2 25.4 23.8 26.4 4.6 8.2 13.2 11.6 19.5 0.2 1.1 1.4 1.7 1.5 134

7.7%12.2%17.7%18.4% 21.6% 10 17 19 3.7 4.0 4.2 4.6 2.2 2.4 5.7% 8.9% 9.4% 135

2% 18 70 4.7%7.5%9.4% 4.7% 16 129 136

19 137

75,000 25,000 2% Hotel Chocolat Hotel Chocolat Hotel Chocolat 100 Hotel Chocolat Hotel Chocolat 138

301,500 Hotel Chocolat 120 13 59 139

400 0.4 (i) 17 (ii) 140

22 20 (i) (ii)80,000 (iii) 60,000 (i) (ii) (iii)(iv) 141

52.5% 53.5%59.8% 63.5%30.2%30.7% 37.4% 36.5% 15 % 1 UHA 1 2 3 4 5 55,787 30.2% 11,880 6.4% 7 10,966 5.9% 10,299 5.6% 15 8,012 4.4% 142

% 1 UHA 1 2 3 4 5 Miyata Co., Ltd. 2 52,293 30.7% 16,809 9.9% 8,425 5.0% 7 6,825 4.0% 6,640 3.9% % 1 UHA 1 2 3 4 5 75,540 37.4% 21,240 10.5% 7 8,316 4.1% 8,130 4.1% 15 7,298 3.7% 143

% 1 UHA 1 2 3 4 5 32,480 36.5% 14,925 16.8% 7 3,341 3.8% 15 3,028 3.4% 2,683 3.0% 1. UHA UHA 2. Miyata Co., Ltd. 5% 144

54.1%43.0% 40.3% 34.0%26.6%24.8%25.5% 23.0%11 27 30120 (%) 1 A 2 1 3 B 4 C 5 D 75 105 75,163 26.6% 30 90 35,337 12.5% 19,006 6.7% 60 45 13,389 4.7% 60 10,031 3.6% 145

(%) 1 A 2 1 3 B 4 C 5 D 75 105 74,371 24.8% 30 90 19,199 6.4% 15,958 5.3% 60 45 12,438 4.1% 60 6,929 2.4% (%) 1 A 2 1 3 B 4 C 5 E 75 105 93,979 25.5% 30 90 19,031 5.2% 16,356 4.4% 60 45 10,959 3.0% 90 7,897 2.2% 146

(%) 1 A 2 1 3 B 4 C 5 D 75 105 39,062 23.0% 30 90 5,702 3.4% 5,524 3.3% 60 45 4,581 2.7% 60 2,758 1.6% 1. 2. 5% 147

29,868 59,358 92,776 36,348 49,015 3,649 3,639 3,369 1,297 2,120 7,100 16,167 28,758 10,816 22,297 40,617 79,164 124,903 48,461 73,432 148

149

(i) (ii) (iii) 150

151

152

153

100 7,000 SKU 1,000 39,000 ERP 17.9 17.5 18.7 22.9 20.5%16.6%14.9%17.3% 36.838.0 33.0 37.6 154

80,00038,000106,00042,000 30 2. 11.0 11.1 12.5 5.0 5.5 155

10. Hotel Chocolat 156

46 17,860 1. 4614 12 1. 500 10 L1005 129 2. 500 10 L1006 537 3. 8 12 10 395 4. 4 4 TW-4-007 102 5. 151 349 6. 18 4 392 7. 4PIAGO 401 176 157

8. 418 apm KT-004 316 9. 22038 673 10. 198 2 UNY UN2 06 226 11. 4 2A 223 12. MKK2 290 13. 1 36 46 6 270 14. 51 B 196 15. 83 V City TM4 005 151 16. 3 2L222 642 17. 1 L110C 590 18. A 2 050 051 500 19. 68 2 695 20. 93 Lab Concept 1 D14 15 300 158

21. 1 182 368 22. TAP 20 301 23. HOK 69 549 24. 546 A 570 25. 3032 34C 575 26. 1 1 323 27. G102A 263 28. 8 2222 TKO-10-005B 440 29. 23 33 G08B 327 30. 3 22211 745 31. 33 2 227 400 32. TIS 44 398 159

33. 2 339 554 34. 57 87 G1 35. 33 1201 600 521 36. 3 B 37. 1 24B 38. 8 2 222 TKO-10-005A 39. 9 1 1 1013 1015 1018 1020 YOHO-11-004 40. 1 L111 41. Hotel Chocolat 2 B2 07E 42. Hotel Chocolat 418 apm1 L1 11 43. Hotel Chocolat 1 L108A 44. 500 10 L1008 307 543 236 316 1,270 139 164 271 134 160

45. 2 B2 26G 46. 1 24A 65 329 14 12 1241743 44 47. 7 A21 13,920 48. 7 A22 11,380 49. 7 A41 11,380 50. 7 B53 9,600 51. 7 A11 1 11,380 52. 181 9911 513 161

432 19 380 6 27 432 162

14 37 24 26 34 2 163

1. 134b567810111213b1415161719202122 2324252627282930313233 4b303132 33 2. 14b1113b141516171920212223242526272829303132 33 Hotel Chocolat 4b2829303132 33 3. 2 18 4. 164

1. 1.1 18132X 31(1) 132AC 17(1) (a) 1 (b) 5 (c) 8 (d) 9 (e) 10 (f) 11 9 11 35(1) 31(1) 35(3) 31 50,000 900 41(1) 17(1) 41(2)(a) 50,000 900 35(1) 41(1) 227 26 26 165

(g) 12 (h) 13a (i) 13b (j) 14 (k) 16 (l) 19 (m) 20 (n) 24 (o) 25 (p) (q) (r) 166

1.2 31(1) 17(1) (a) 1 (b) 4a (c) 8 (d) 14 (e) 16 (f) (g) 35(1) 31(1) 35(3) 31 50,000 900 41(1) 17(1) 41(2)(a) 50,000 900 (h) 26 167

(1) (2) (3) (4) (5) 3A.19 (6) 168

8,000455 463498 1.9% 500 10 62.4% 19.2% 561.3 611.9 2.2% 169

24.3% (i)(ii) (iii)(iv)(v)(v) 170

(i) ACAC Investment (ii) SCSC Holdings(iii) CCST Investment 25%25% 25% ACAC Investment SCSC HoldingsCCST Investment 10% 10% ACAC InvestmentSCSC Holdings CCST Investment 171

ACAC InvestmentSCSC Holdings CCST Investment 10. 172

(i) (ii) (i)(ii) 121.2 51% 173

1. (i) (ii) 2. D & W Balloon Company (i) B & S Trading Company (ii) D & W Balloon 3. (60%) 4. (100%) 174

35.319.2 19.0 7.7 5.7 12.5%6.4%5.2%5.4% 3.4% (a)(b) (c) D & W Balloon5.4 4.2 6.2 2.62.21.9%1.4%1.7% 1.8% 1.3% 0.60.8 0.2% 0.3% (i) 175

(ii) D & W Balloon (i) (i) (ii) (ii) (i) (ii) 176

D & W Balloon (i) (i) (ii) (ii) (a) (i) (i) (ii) 177

1.1%1.2%0.6% 0.9% (ii) D & W Balloon D & W Balloon(i)(ii) D & W Balloon D & W Balloon (iii) 178

(b) D & W Balloon D & W Balloon (i) (ii) (c) (i) (ii) 179

(i) (ii)60% (iii)100% (a) 180

(b) (c) (d) (e) (f) (i) (ii) (iii) (g) (h) (a) (b) 181

5% (i)(ii) (iii) (a) (b) (c) (a) 10% (b) 182

(i) (ii) (iii) (iv) 14 183

30 1. 412 450 425 185 243 2. 35,337 19,199 19,031 7,689 5,702 3. 5,881 5,881 5,881 2,450 2,450 4. 8,336 9,411 10,343 4,107 4,561 14A 1. 184

412 450 425 185 243 53 860 1,150 (i)(ii) (iii) (iv) 185

14.07 5%3,000,000 14A.76(1) 186

2. 35,337 19,199 19,031 7,689 5,702 187

350 2,500 1,200 (i)(ii) (iii) (iv)(v) (vi) 188

14.07 5%3,000,000 14A.76(1) 14A 1. (i) (ii) 1. 488,000 7 A 2 1 2 2 4 1 11 1 2. 96,000 7 B 5 3 189

1. 7 A2 1 2 2 4 1 11 1 4,902 4,902 4,902 2,042 2,042 2. 7 B5 3 979 979 979 408 408 5.9 5.9 5.9 2.5 2.5 2.8 7.85 7.85 (i) (ii) 190

(i) 33.33% (ii) 14.07 5%3,000,000 14A.76(2) 2. 191

8,336 9,411 10,343 4,107 4,561 950 16,000 18,000 (i)(ii) (iii)(iv) (v) 192

40.4% 12.5% 46,280 20,000 43.2% 10,000 14.9% (50%) (50%) 14.07 25%10,000,000 14A.3514A.3614A.46 14A.49 193

(a) (b) (c) (i) (ii) (iii) 14A.105 (i) 14A.35(ii) 14A.3514A.36 14A.46 14A 194

56 58 57 56 37 55 49 195

56 Saw Corporation Nasta (Hong Kong) Ltd. Woolworth Overseas Corp. 58 Saw Corporation KBS (HK) Limited 57 Saw Corporation 196

56 Ho & Chan Solicitors 37 ProJOB21.com Reuters Hong Kong Limited The Pacific Group Limited Aquitaine Investment Advisors Ltd 9 (CFA Institute) 55 Federal Express (Hong Kong) Limited 197

49 (Macquarie University) 25 2300 Vision Grande Group Holdings Limited 739 3363 198

285 6123 Lucky Elite International Limited Crystallos Gifts & Crafts Limited 13.51(2) XV 11. (a)(b) XV 199

32 32 WPP Marketing Communications (HK) LimitedGroup M Hong Kong Global Association of Risk Professionals (FRM) (CPA) 3.2114C3 200

3.2514B1 (i) (ii) (iii) 14A5 14 A.2.1 A.2.1 201

A.2.1 1.61.7 1.80.7 2.1 2.2 2.3 0.7 1.8 3A.19 3A.23 (a) (b) 202

10,000,000,000 100,000,000 1,500 15 299,998,500 2,999,985 100,000,000 1,000,000 400,000,000 4,000,000 8.08(1)(a) (b)25% 25% 204

15. 20% (a) (b) (c) 3. 10% 205

7. (a) (b) (c) 3. (i) (ii)(iii)(iv) (v) 2. (a) (iii) 2. (a) (ii) 206

XV23 10% 1 ACAC Investment 2 100,000,000(L) 25% 3 100,000,000(L) 25% 4 100,000,000(L) 25% SCSC Holdings 5 100,000,000(L) 25% 6 100,000,000(L) 25% 7 100,000,000(L) 25% CCST Investment 8 100,000,000(L) 25% 9 100,000,000(L) 25% 10 100,000,000(L) 25% 1. L 2. ACAC Investment 3. ACAC Investment 4. 5. SCSC Holdings 6. SCSC Holdings 7. 8. CCST Investment 9. CCST Investment 207

10. 10% 11 12 4,900 (L) 49% 11. 5,10051% 12. L XV23 10% 208

27 32 282.6 299.8 368.0 13.7 19.8 27.4 141.2169.7 7.4 6.2 6.2 12.4 209

1.3 2.1 186.3 170.6 200.4 77.8 84.7 65.9% 56.9% 54.4% 55.1% 49.9% 210

432 24.3 34.2 46.8 17.4 24.7 8.6%11.4%12.7% 12.3% 14.5% 7.816.225.89.715.0 19.2%20.5%20.6%20.1% 20.4% 211

16 % % % % 60,111 32.6% 59,517 35.0% 82,662 41.0% 34,420 38.7% 49,154 26.6% 41,189 24.2% 47,645 23.6% 27,215 30.6% 38,247 20.7% 36,154 21.2% 38,285 19.0% 16,191 18.2% 25,399 13.8% 24,240 14.2% 26,728 13.3% 9,863 11.1% 11,673 6.3% 9,084 5.4% 6,390 3.1% 1,207 1.4% 184,584 100.0% 170,184 100.0% 201,710 100.0% 88,896 100.0% 1.0 3.95 4.144.09 3.88 1.014.215.514.014.2 212

9.7% 5.9 5.8 8.0 3.25.1% 2.62.1 2.4 1.3 24 213

2.18 (i)(ii) 2.7 17.9 17.5 18.7 22.9 2.8 214

2.20 282,558 299,770 367,978 141,214 169,719 (216,666) (221,978) (276,800) (106,623) (127,220) 65,892 77,792 91,178 34,591 42,499 2,621 (623) (1,117) (2,009) (1,489) 374 287 301 129 134 (27,028) (28,603) (31,799) (14,058) (15,688) (21,125) (22,544) (23,386) (8,864) (15,657) 20,734 26,309 35,177 9,789 9,799 (1,400) (1,013) (1,388) (507) (560) 19,334 25,296 33,789 9,282 9,239 (3,084) (4,145) (5,529) (1,610) (2,629) 16,250 21,151 28,260 7,672 6,610 215

282.6 299.8 368.0 141.2 169.7 241,941 85.6% 220,606 73.6% 243,075 66.1% 92,753 65.7% 96,287 56.7% 40,617 14.4% 79,164 26.4% 124,903 33.9% 48,461 34.3% 73,432 43.3% 282,558 100.0% 299,770 100.0% 367,978 100.0% 141,214 100.0% 169,719 100.0% 29 241.9 21.38.8% 220.6 35.3 19.2 2. 216

4.3% 0.7% 5.7%3.2% 220.6 22.510.2% 243.1 92.8 3.53.8% 96.3 67,605 27.9% 63,074 28.6% 75,255 31.0% 25,672 27.7% 30,019 31.2% 25,549 10.6% 23,446 10.6% 29,833 12.3% 12,817 13.8% 13,116 13.6% 20,677 8.5% 20,076 9.1% 20,679 8.5% 6,555 7.1% 6,858 7.1% 32,516 13.4% 28,654 13.0% 26,369 10.8% 10,948 11.8% 12,692 13.2% 55,761 23.0% 40,520 18.4% 44,796 18.4% 18,506 20.0% 13,926 14.5% 39,833 16.6% 44,836 20.3% 46,143 19.0% 18,255 19.6% 19,676 20.4% 241,941 100.0% 220,606 100.0% 243,075 100.0% 92,753 100.0% 96,287 100.0% 217

37,463 92.2% 71,685 90.6% 111,076 88.9% 41,876 86.4% 67,570 92.0% 1 3,716 4.7% 9,356 7.5% 4,571 9.4% 3,460 4.7% Hotel Chocolat 2 803 1.1% 3 3,154 7.8% 3,763 4.7% 4,471 3.6% 2,014 4.2% 1,599 2.2% 40,617 100.0% 79,164 100.0% 124,903 100.0% 48,461 100.0% 73,432 100.0% 1. 2. Hotel Chocolat 3. 92.2% 90.6% 88.9% 86.4% 92.0% 40.6 38.694.9% 79.2 45.7 57.8% 124.9 73.448.5 24.9 51.5% 218

(i)(ii) 172,721 79.7% 146,974 66.2% 168,158 60.8% 65,170 61.1% 66,890 52.6% 7,145 3.3% 5,844 2.6% 5,682 2.0% 1,997 1.9% 1,980 1.5% 179,866 83.0% 152,818 68.8% 173,840 62.8% 67,167 63.0% 68,870 54.1% 13,537 6.2% 23,609 10.6% 32,197 11.6% 12,601 11.8% 17,818 14.0% 8,760 4.0% 17,486 7.9% 29,576 10.7% 11,085 10.4% 17,711 13.9% 7,803 3.6% 16,224 7.3% 25,769 9.3% 9,739 9.1% 14,974 11.8% 4,225 2.0% 6,522 2.9% 7,005 2.5% 2,663 2.5% 3,456 2.7% 1,626 0.8% 3,634 1.6% 6,077 2.2% 2,393 2.2% 3,030 2.4% 849 0.4% 1,685 0.9% 2,336 0.9% 975 0.9% 1,361 1.1% 36,800 17.0% 69,160 31.2% 102,960 37.2% 39,456 37.0% 58,350 45.9% 216,666 100.0% 221,978 100.0% 276,800 100.0% 106,623 100.0% 127,220 100.0% 85.9%76.8% 72.4% 72.9% 66.6%(i) (ii) 219

172.7 25.7 14.9% 147.0 21.2 14.4% 168.2 65.2 1.72.6%66.9 13.5 10.174.4%23.6 8.6 36.4% 32.2 12.6 5.2 41.4% 17.8 4.0% 7.9% 10.7% 10.4% 13.9% 8.88.7 99.6% 17.512.1 69.1% 29.6 11.1 6.6 59.8%17.7 3.6%7.3%9.3%9.1% 11.8% 7.8 8.4 107.9% 220

16.2 9.6 58.8%25.8 9.7 5.3 53.8%15.0 65.9 77.8 91.234.6 42.5 23.3%26.0%24.8%24.5% 25.0% % % % % % 62,075 25.7% 67,788 30.7% 69,235 28.5% 25,586 27.6% 27,417 28.5% 3,817 9.4% 10,004 12.6% 21,943 17.6% 9,005 18.6% 15,082 20.5% 65,892 23.3% 77,792 26.0% 91,178 24.8% 34,591 24.5% 42,499 25.0% 65.9 11.9 18.1%77.8 23.3% 26.0%13.4 17.2% 91.2 24.8% 221

34.67.9 22.9% 42.5 24.5% 25.0% 25.7% 5.0 30.7%(i) (a)(b) (c) (ii) 1.0 14.2 1.015.59.2% 60.1 59.5 32.6% 35.0% 30.7% 2.2 28.5% 1.015.51.0 14.0 9.7% 27.6% 28.5% 222

9.4%3.2 12.6% 5.0 17.6% 18.6% 1.9 20.5% % % % % % 2,878 7.7% 8,730 12.2% 19,654 17.7% 7,719 18.4% 14,591 21.6% 1 507 13.6% 2,076 22.2% 993 21.7% 27 0.8% Hotel Chocolat 2 40 5.0% 3 939 29.8% 767 20.4% 213 4.8% 293 14.5% 424 26.5% 3,817 9.4% 10,004 12.6% 21,943 17.6% 9,005 18.6% 15,082 20.5% 1. 2. Hotel Chocolat 3. Hotel Chocolat Hotel Chocolat 4.8% 29.8% 223

% % % % % 32,766 8,152 75.1% 65,568 15,497 76.4% 104,736 23,784 77.3% 39,332 8,623 78.1% 64,937 14,011 78.4% 4,697 3,689 21.5% 6,117 4,465 27.0% 6,340 4,908 22.6% 2,544 2,032 20.1% 2,633 2,242 14.8% 37,463 11,841 68.4% 71,685 19,962 72.2% 111,076 28,692 74.2% 41,876 10,655 74.6% 67,570 16,253 75.9% 75.1% 78.4% 87.5%91.5%94.3%93.9% 96.1%(i) 11.0%24.3% (ii) (i) (ii) (iii) 224

175 208 (413) (554) (530) (9) (442) 398 312 360 2,455 (389) (1,102) (1,767) (1,319) 2,621 (623) (1,117) (2,009) (1,489) (i) (ii) 225

(i) (ii) 96 96 120 50 50 278 191 181 79 84 374 287 301 129 134 60.0% 40.0% 7 A 11 A1 226

% % % % % 11,024 40.8% 11,141 39.0% 12,546 39.5% 5,027 35.8% 5,513 35.2% 9,504 35.1% 11,101 38.8% 12,644 39.8% 6,342 45.1% 7,228 46.1% 4,720 17.5% 4,720 16.5% 4,720 14.8% 1,967 14.0% 1,967 12.5% 845 3.1% 920 3.2% 1,118 3.5% 398 2.8% 582 3.7% 560 2.1% 345 1.2% 427 1.3% 125 0.9% 220 1.4% 375 1.4% 376 1.3% 344 1.1% 199 1.4% 178 1.1% 27,028 100.0% 28,603 100.0% 31,799 100.0% 14,058 100.0% 15,688 100.0% 27.01.6 28.6 1.6 3.2 31.8(i)1.5 227

(ii)1.4 14.1 1.615.7 (i)0.9 (ii)0.5 % % % % % 14,732 69.7% 15,764 69.9% 16,079 68.8% 5,876 66.3% 6,363 40.6% 1,992 9.4% 1,608 7.1% 1,167 5.0% 540 6.1% 296 1.9% 1,161 5.5% 1,161 5.2% 1,161 5.0% 484 5.5% 484 3.1% 1,463 6.9% 1,973 8.8% 1,789 7.6% 724 8.2% 646 4.1% 515 2.4% 616 2.7% 765 3.3% 358 4.0% 357 2.3% 430 2.0% 416 1.8% 531 2.3% 223 2.5% 298 1.9% 96 0.5% 106 0.5% 110 0.5% 46 0.5% 50 0.3% 17 0.1% 107 0.5% 327 1.4% 65 0.7% 137 0.9% 0.0% 0.0% 0.0% 0.0% 6,180 39.5% 719 3.5% 793 3.5% 1,457 6.1% 548 6.2% 846 5.4% 21,125 100.0% 22,544 100.0% 23,386 100.0% 8,864 100.0% 15,657 100.0% 228

21.1 1.4 6.7%22.5 0.83.7% 23.4 8.9 6.8 76.6% 15.7 6.2 1.4 1.01.4 0.50.6 16.5% 3.1 4.1 5.5 1.6 2.6 16.0%16.4%16.4%17.3% 28.5% 229

13.7 6.144.9% 19.8 7.6 38.1% 27.4 7.41.2 15.4% 6.2 6.2 12.4 5.0 27.2 0.9 100,000,000 (i) 10.1 (ii) 17.1 6.2 10.9 230

29,854 33,326 22,963 6,553 (4,228) (9,253) (14,348) (17,632) (23,451) (6,561) (1,246) (1,754) 2,175 17,512 7,369 (12,833) 10,421 12,596 30,108 37,477 12,596 30,108 37,477 24,644 231

(i) (ii) 6.6 (i) (ii) (iii) 4.29.3 14.317.6 (i) (ii)(iii) 30.0 7.5 23.5 6.6 1.21.8 232

24.6 26.7 28.725.9 33.1 17,924 17,485 18,733 22,879 27,488 52,823 53,260 62,973 67,307 79,037 3,890 4,557 6,724 9,595 13,395 7,500 22,500 12,596 30,108 37,477 24,644 24,893 87,233 105,410 125,907 131,925 167,313 12,805 17,954 18,197 23,852 31,775 646 2,994 3,740 5,399 9,179 24,085 31,608 42,791 23,981 17,031 306 157 98 99 24,840 26,006 32,399 52,653 76,205 62,682 78,719 97,225 105,984 134,190 24,551 26,691 28,682 25,941 33,123 87.2 105.4 125.9131.9 167.3 62.7 78.7 97.2 106.0 134.2 33.1 233

(i)(ii) 17.9 17.5 18.7 22.9 1,513 3,474 3,018 3,803 16,411 14,011 15,715 19,076 17,924 17,485 18,733 22,879 36.8 38.0 33.0 37.6 365 366 153 17.9 17.5 18.7 18.7 22.9 36.838.0 33.037.6 234

22.7 99.3% 0120 52,823 53,260 62,973 67,307 52.853.3 53.3 9.7 63.0 63.0 67.3 0 30 13,411 15,812 22,889 24,205 31 60 11,714 12,656 15,154 17,191 61 90 16,612 13,940 12,780 10,773 91 180 9,306 10,037 11,301 13,488 180 1,780 815 849 1,650 52,823 53,260 62,973 67,307 235

14.7 13.4 11.2 15.6 1 30 10,658 10,160 8,715 8,544 31 60 1,301 1,522 1,093 2,506 61 90 327 554 463 2,854 90 2,424 1,134 913 1,732 14,710 13,370 11,184 15,636 67.3 99.9% 87.1 88.0 87.3 103.5 365 366153 87.1 88.0 87.3 87.3 16.2 103.5 236

12.9 15.8 22.430.4(i)(ii) (iii) 2,099 3,351 4,202 6,642 56 569 1,457 1,329 6,885 7,353 9,972 12,785 9,040 11,273 15,631 20,756 2,507 2,585 2,919 4,190 1,244 1,544 3,252 2,799 31 69 152 2,250 97 98 218 268 11 261 183 88 3,890 4,557 6,724 9,595 12,930 15,830 22,355 30,351 (i)(ii)(iii) 3.3 4.9 7.5 9.4 237

6.9 7.4 10.0 12.8 (i) (ii) 3.2 2.52.62.94.2 090 4.8 7.3 5.5 5.2 5.5 238

0 30 3,775 6,959 5,321 4,816 31 60 376 340 62 275 61 90 235 4 15 90 459 18 90 109 4,845 7,321 5,473 5,215 12.3 13.1 11.7 9.7 365366 153 12.3 13.111.79.7 100.0% 239

8.010.6 12.718.6 4,148 5,560 6,645 7,287 365 450 487 732 728 728 728 728 449 909 1,424 1,765 1,020 1,715 1,700 3,955 500 497 935 1,316 750 774 805 2,854 7,960 10,633 12,724 18,637 (i) (ii) (iii) 240

24,840 26,006 32,399 52,653 76,205 368 322 165 124 25,208 26,328 32,564 52,777 76,205 (i) 35.0 (ii) 30.0 (iii) 8.0 (iv) 3.2 (i)(ii)(iii) (iv)(v) (vi) 14.0 12.310.5 9.8 9.2 241

151.2 95.7 55.5 121.2 51% 242

7,083 11,400 15,620 9,540 5,771 4,156 5,206 6,316 6,136 5,936 6,034 7,151 9,632 3,558 4,276 6,347 7,386 11,223 4,747 1,048 465 465 24,085 31,608 42,791 23,981 17,031 15.0 3.98.5 10.9 7.3 243

9,929 16,671 23,967 22,350 10,945 11,944 20,066 18,307 20,874 28,615 44,033 40,657 50 100 430 52 1. 244

30 (i) (ii) (i)(ii) (iii)(iv) (%) 1 7.3 8.8 9.6 5.8 (%) 2 4.8 6.6 7.4 3.7 (%) 3 10 35.5 42.4 46.7 (%) 4 10 12.8 15.1 17.0 5 14.8 26.0 25.3 17.5 245

6 1.4 1.3 1.3 1.2 7 1.1 1.1 1.1 1.0 (%) 8 112.1 111.3 119.0 109.8 (%) 9 83.4 53.4 59.8 63.8 1. 100% 2. 100% 3. 100% 4. 100% 5. 6. 7. 8. 100% 9. 100% 10. 246

7.3%8.8%9.6% 5.8% 9.4% 4.8%6.6%7.4% 3.7% 7.3% 35.5%42.4% 46.7% 12.8%15.1% 17.0% 14.8 26.0 25.3 17.5 (i)(ii) 1.4 1.3 1.3 1.2 247

1.1 1.1 1.1 1.0 112.1%111.3%119.0% 109.8% 83.4%53.4%59.8% 63.8% (i)(ii) (iii) 224.3 226.9 278.8 126.8 282.6 299.8 368.0 169.779.4%75.7%75.8% 74.7% 5% 10% 248

5% (9,313) (8,529) (10,018) (4,235) (5)% 9,313 8,529 10,018 4,235 10% (18,626) (17,058) (20,036) (8,471) (10)% 18,626 17,058 20,036 8,471 5% (684) (1,105) (1,583) (871) (5)% 684 1,105 1,583 871 10% (1,368) (2,211) (3,165) (1,743) (10)% 1,368 2,211 3,165 1,743 5% (1,217) (1,709) (2,339) (1,233) (5)% 1,217 1,709 2,339 1,233 10% (2,434) (3,417) (4,677) (2,466) (10)% 2,434 3,417 4,677 2,466 % % % % 60,111 32.6% 59,517 35.0% 82,662 41.0% 34,420 38.7% 49,154 26.6% 41,189 24.2% 47,645 23.6% 27,215 30.6% 38,247 20.7% 36,154 21.2% 38,285 19.0% 16,191 18.2% 25,399 13.8% 24,240 14.2% 26,728 13.3% 9,863 11.1% 11,673 6.3% 9,084 5.4% 6,390 3.1% 1,207 1.4% 184,584 100.0% 170,184 100.0% 201,710 100.0% 88,896 100.0% 249

9.7%5.1% 9.7% 5,884 5,787 7,964 3,181 (9.7)% (5,884) (5,787) (7,964) (3,181) 5.1% 2,560 2,078 2,406 1,323 (5.1)% (2,560) (2,078) (2,406) (1,323) (i) 10.4%(ii)141.3% (iii) 79.4% (i) 14.8%(ii) 114.4%(iii)74.0% (i) 16.9%(ii) 106.8%(iii)72.2% (i) 10.9%(ii) 53.0% (iii)37.5% 250

3 0.31 0.8 0.36 1.0 15.0 0.27 0.8 0.32 1.0 11.0 13.1 17.0 15.0 10.8 4.2 251

15.0 13.13 13.19 32 252

(i) (ii) (iii) 76.2 17.0 253

1.4 1.0 1.4 0.6 30.015.0 50.0% 24.9 62.8 24.9 55.5(i) 31.8 (ii) 332.0 27.7 (iii) 17.0 (iv) 22.5 (a)(b) 91.2 (v) 4.2 254

87.188.087.3103.5 12.3 13.1 11.79.7 0.90 62.8 (i) 65.6% 41.2 11.6 6.4 255

1.6 2.4 0.8 0.4 7.9 4.3 0.6 1.5 1.00.5 1.1 0.6 0.1 0.3 60,00040,000 (ii) 17.2% 10.8 20,000 10,000 3.2 4.22.31.1 (iii) 5.1% 3.2 ERP1.4 0.9 (iv) 3.5% 2.2 (v) 8.6% 5.4 256

9.6 257

10,000,000 258

(a) (i) (ii) (iii) (iv) (v) (vi) 259

(vii) (viii) (ix) (x) (xi) (xii) (xiii) (b) (i) 260

(H5N1)(H1N1) (ii) (iii) (iv) (v) (vi) (vii) (viii) 261

(ix) (x) (xi) (xii) (xiii) (xiv) (xv) (xvi) (xvii) (i) 262

(ii) (iii) (iv) (a) 263

(b) (c) (a) (b) (d) (a)(b) (c) (a)(b) (c) (a) (i) 264

(ii) (iii) (i) (ii) (iv) (i)(ii) (iii) (i)(ii)(iii) (b) (i)(ii) (iii) (c) 10.08 (i) (ii) 10.08(1) (5) 10.07(1) 265

(a) 10.07(2) (2) 155 (b) 4.5% 266

0.9100,000,000 27.2 3A.19 13.46 267

10,000,000 90,000,000 1.00 0.80 1.00 1.0% 0.0027% 0.005% 4,000 4,040.31 www.hkexnews.hkwww.bandshk.com 268

10. 30 (i) (ii) (iii) 269

www.hkexnews.hkwww.bandshk.com 10,000,000 10% 1.00 1.0% 0.0027%0.005% 270

100% 90,000,000 90% 1.0%0.0027% 0.005% 271

(a) (i) (ii) 15 20,000,00020% (iii) 15 50 30,000,000 30% (iv) 50 100 40,000,000 40% (v) 100 50,000,000 50% (b) (i) 272

(ii) 20,000,000 20% (a)(i) (a)(ii) 0.8 273

1. 2. 18 S 274

3. 468 804 89 7 111 20 233 7 14 64 1027 C 99 77 7707 208 6 275

9 1 117 123 488 490 A 1 35 37 1 2 721 725 297 313 4 8121 276

9. 4. (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 277

(ix) (x) (xi) (xii) (a) (b) SS902 (h)(3) (xiii) (xiv) (xv) (xvi) (xvii) (xviii) (xix) (i) 278

(ii) 5. (852) 2979 7888 https://ip.ccass.com 8 121 279

(i) (ii) 280

40 281

4,000 4,000 282

24 9. 40 40 342E 283

6. (i)(ii) 7. 284

8. 4,000 4,000 9. 285

10. www.hkexnews.hk www.bandshk.com www.hkexnews.hk www.bandshk.com 24 www.unioniporesults.com.hk (852) 2843 6081 3. 286

11. (i) 40 342E (ii) (iii) 287

(iv) 100% 12. 1.00 13. 288

(i) (ii) (i) 1,000,000 338 2 33 3301 04 289

1,000,000 (ii) 1,000,000 1,000,000 10. 290

(iii) 10. 291

14. 292

I-1 I-3 200 I-4 I-62 I-4 I-62 1.3 2.1 200 22 +852 2289 8888+852 2810 9888www.pwchk.com I-1

1.3 2.1 1.3 2.1 1.3 2.1 2410 I-2

1.3 2.1 1-4 13 I-3

I 6 282,558 299,770 367,978 141,214 169,719 9 (216,666) (221,978) (276,800) (106,623) (127,220) 65,892 77,792 91,178 34,591 42,499 7 2,621 (623) (1,117) (2,009) (1,489) 8 374 287 301 129 134 9 (27,028) (28,603) (31,799) (14,058) (15,688) 9 (21,125) (22,544) (23,386) (8,864) (15,657) 20,734 26,309 35,177 9,789 9,799 10 (1,400) (1,013) (1,388) (507) (560) 19,334 25,296 33,789 9,282 9,239 11 (3,084) (4,145) (5,529) (1,610) (2,629) 16,250 21,151 28,260 7,672 6,610 13,666 19,808 27,356 7,382 6,247 2,584 1,343 904 290 363 16,250 21,151 28,260 7,672 6,610 14 I-4

16 4,573 8,655 12,486 16,236 22 308 499 1,073 1,147 19 9,040 11,273 15,631 20,756 17 5,566 5,124 5,522 5,882 19,487 25,551 34,712 44,021 18 17,924 17,485 18,733 22,879 20 52,823 53,260 62,973 67,307 19 3,890 4,557 6,724 9,595 21 7,500 21 12,596 30,108 37,477 24,644 87,233 105,410 125,907 131,925 106,720 130,961 160,619 175,946 25 5 5 5 5 25 38,503 46,731 58,547 64,794 38,508 46,736 58,552 64,799 12 5,468 5,341 4,775 5,138 43,976 52,077 63,327 69,937 I-5

24 62 165 67 25 23 12,805 17,954 18,197 23,852 646 2,994 3,740 5,399 30 24,085 31,608 42,791 23,981 24 306 157 98 99 24 24,840 26,006 32,399 52,653 62,682 78,719 97,225 105,984 62,744 78,884 97,292 106,009 106,720 130,961 160,619 175,946 I-6

19 2,223 2,223 31 (6,180) (6,180) 30(b) 6,656 23 1,747 8,403 2,223 I-7

5 34,317 4,354 38,676 13,666 2,584 16,250 13 (9,480) (1,470) (10,950) 5 38,503 5,468 43,976 19,808 1,343 21,151 13 (11,580) (1,470) (13,050) 5 46,731 5,341 52,077 27,356 904 28,260 13 (15,540) (1,470) (17,010) 5 58,547 4,775 63,327 5 58,547 4,775 63,327 6,247 363 6,610 5 64,794 5,138 69,937 5 46,731 5,341 52,077 7,382 290 7,672 5 54,113 5,631 59,749 I-8

26(a) 33,995 35,564 28,242 550 7,502 (4,141) (2,238) (5,279) (733) (949) 29,854 33,326 22,963 (183) 6,553 (3,898) (8,993) (11,316) (4,668) (6,789) 19(a) (330) (260) (3,032) (2,829) (3,343) 21(b) (7,500) (4,228) (9,253) (14,348) (7,497) (17,632) 92,177 81,230 110,446 50,589 71,417 (109,120) (81,205) (104,320) (38,409) (51,746) (320) (46) (157) (74) (41) 26(b) (4,788) (5,527) (5,827) (4,894) (18,810) (2,014) (1,400) (1,013) (1,388) (507) (560) (23,451) (6,561) (1,246) 6,705 (1,754) 2,175 17,512 7,369 (975) (12,833) 10,421 12,596 30,108 30,108 37,477 21 12,596 30,108 37,477 29,133 24,644 I-9

II 1 1.1 22 3 Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands (i) (ii) 1.2 Saw Corporation Limited (a) ACAC Investment LimitedACAC InvestmentSCSC Holdings LimitedSCSC Holdings CCST Investment LimitedCCST Investment 1 1.00 (b) (c) 1 0.01 99100100 33.33% ACAC InvestmentSCSC Holdings CCST Investment ACAC InvestmentSCSC Holdings CCST Investment (d) Bands Investment Limited 1 I-10

(e) Bands Investment Limited Saw Corporation Limited ACAC InvestmentSCSC Holdings CCST Investment300 Bands Investment Limited51% ACAC InvestmentSCSC Holdings CCST Investment 100 Bands Investment Limited 1 100% (i) 3 100% (ii) Saw Corporation Limited 3 100% (ii) 3 100% (iii) 1,000 51% (ii) (i) (ii) (iii) Bands Investment Limited 1.3 I-11

16.5% 2 2.1 4 I-12

1 28 2 4 4 9 9 15 15 15 40 22 23 16 17 10 28 9 9 9 39 39 15 9 I-13

9 15 15 18 11 15 (1) (2) (3) (4) (5) 2.18 16 16 17 2.20 28(b) 40,657,000 I-14

38% 16 2.2 2.2.1 2.2.2 39 I-15

2.2.3 2.3 2.4 (a) I-16

(b) 2.5 20% 30% 30% 30% 2.6 2.6 2.7 (a) I-17

(i) (ii) 12 2.9 2.10 (b) (c) (d) I-18

2.8 2.9 2.7(b) 2.7(d) 2.10 2.11 2.12 2.13 I-19

12 2.14 2.15 (a) (b) I-20

2.17 2.18 (a) (b) 2.19 2.20 I-22

2.21 2.22 3 3.1 (i) 5% 642,000 789,000 904,000 1,064,000 I-23

5% 81,000 118,000 69,00092,000 (ii) 24 50 104,000 109,000 135,000 220,000 (iii) 10% 557,000 512,000552,000588,000 I-24

(iv) 67%73%68% 68% (v) I-25

12,805 12,805 24,085 24,085 317 63 380 24,840 24,840 24,840 37,207 63 62,110 17,954 17,954 31,608 31,608 165 170 335 26,006 26,006 26,006 49,727 170 75,903 18,197 18,197 42,791 42,791 102 68 170 32,399 32,399 32,399 61,090 68 93,557 23,852 23,852 23,981 23,981 102 25 127 52,653 52,653 52,653 47,935 25 100,613 I-26

24,968 26,114 31,258 50,003 397 879 872 1,946 24,968 26,114 32,527 52,828 3.2 24,840 26,006 32,399 52,653 368 322 165 124 24,085 31,608 42,791 23,981 49,293 57,936 75,355 76,758 43,976 52,077 63,327 69,937 93,269 110,013 138,682 146,695 53% 53% 54% 52% 3.3 I-27

5,566 5,566 5,124 5,124 5,522 5,522 5,882 5,882 I-28

4 4.1 (a) (b) (c) (d) (i) (ii) (iii) I-29

(e) (f) 5 I-30

241,941 40,617 282,558 36,227 2,048 38,275 (20,536) 2,621 374 (1,400) 19,334 (3,084) 16,250 990 1,626 2,616 220,606 79,164 299,770 40,829 7,621 48,450 (21,805) (623) 287 (1,013) 25,296 (4,145) 21,151 761 3,634 4,395 I-31

243,075 124,903 367,978 41,124 16,863 57,987 (21,994) (1,117) 301 (1,388) 33,789 (5,529) 28,260 958 6,077 7,035 92,753 48,461 141,214 13,127 6,932 20,059 (8,390) (2,009) 129 (507) 9,282 (1,610) 7,672 348 2,393 2,741 I-32

96,287 73,432 169,719 13,408 12,809 26,217 (15,063) (1,489) 134 (560) 9,239 (2,629) 6,610 518 3,030 3,548 69,502 11,863 81,365 490 3,402 3,892 65,993 21,884 87,877 1,023 7,454 8,477 78,527 28,048 106,575 3,126 7,740 10,866 85,838 38,150 123,988 1,055 6,243 7,298 I-33

81,365 87,877 106,575 123,988 308 499 1,073 1,147 6,885 7,353 9,972 12,785 5,566 5,124 5,522 5,882 7,500 12,596 30,108 37,477 24,644 106,720 130,961 160,619 175,946 33,880 2,947 36,827 38,763 5,519 44,282 41,373 7,789 49,162 48,615 11,482 60,097 36,827 44,282 49,162 60,097 646 2,994 3,740 5,399 24,085 31,608 42,791 23,981 1,186 1,599 16,532 62,744 78,884 97,292 106,009 I-34

6 241,941 220,606 243,075 92,753 96,287 40,617 79,164 124,903 48,461 73,432 282,558 299,770 367,978 141,214 169,719 A 27%25%26%24% 23% B 13% B 10% 10% 7 19 175 208 (413) (554) (530) 17 (9) (442) 398 312 360 2,455 (389) (1,102) (1,767) (1,319) 2,621 (623) (1,117) (2,009) (1,489) 8 96 96 120 50 50 278 191 181 79 84 374 287 301 129 134 I-35

9 96 106 110 46 50 186,258 170,583 200,355 77,771 84,708 16 2,616 4,395 7,035 2,741 3,548 15 24,337 34,170 46,773 17,359 24,656 (i) 13,684 22,105 31,650 12,190 17,425 4,784 7,078 7,532 2,957 3,726 11,024 11,141 12,546 5,027 5,513 5,821 4,750 5,076 1,947 1,935 9,504 11,101 12,644 6,342 7,228 235 942 1,589 605 892 1,992 1,608 1,167 540 296 80 38 106 39 42 20 86 171 276 6,180 4,302 4,937 5,126 1,981 2,366 264,819 273,125 331,985 129,545 158,565 216,666 221,978 276,800 106,623 127,220 27,028 28,603 31,799 14,058 15,688 21,125 22,544 23,386 8,864 15,657 264,819 273,125 331,985 129,545 158,565 (i) 1,847,000 3,142,0004,289,0001,784,000 2,655,000 I-36

10 1,370 998 1,379 498 558 30 15 9 9 2 1,400 1,013 1,388 507 560 11 16.5% 3,306 4,336 6,103 1,737 2,703 22 (222) (191) (574) (127) (74) 3,084 4,145 5,529 1,610 2,629 19,334 25,296 33,789 9,282 9,239 16.5% 3,190 4,174 5,575 1,532 1,524 (62) (66) (95) (64) (71) 18 110 126 120 1,158 (40) (60) (60) (22) (13) (17) 22 18 3,084 4,145 5,529 1,610 2,629 I-37

12 5,468,0005,341,000 4,775,000 5,138,000 51% 16,540 16,796 18,265 18,766 (5,380) (5,896) (8,520) (8,281) 11,160 10,900 9,745 10,485 68,955 68,626 70,916 29,091 25,419 6,303 3,259 2,184 708 887 (1,030) (518) (340) (117) (146) 5,273 2,741 1,844 591 741 2,584 1,343 904 290 363 1,470 1,470 1,470 I-38

11,405 3,783 579 (1,867) (2,365) (8,973) (2,186) (365) 396 (180) 2,432 1,597 214 (1,471) (2,545) 2,763 5,195 6,792 6,792 7,006 5,195 6,792 7,006 5,321 4,461 13 26(b) 10,950 13,050 17,010 10,000 15 14 1.3 I-39

15 (a) 22,500 31,344 42,622 15,758 22,615 962 1,423 2,004 746 1,051 875 1,403 2,147 855 990 24,337 34,170 46,773 17,359 24,656 (b) 15(d) 1,951 2,100 2,277 605 700 49 51 53 24 24 51 20 9 5 2,051 2,171 2,339 634 724 100,0001,000,000 3 3 3 3 3 I-40

(i) 670 18 688 (i) 570 5 18 593 (i) 350 95 18 463 (ii) 1,590 100 54 1,744 (i) 694 18 712 (i) 594 3 18 615 (i) 362 66 18 446 (ii) 1,650 69 54 1,773 I-42

(i) 289 8 297 (i) 247 8 255 (i) 151 33 8 192 (ii) 687 33 24 744 (i) 289 8 297 (i) 247 8 255 (i) 151 2 8 161 (ii) 687 2 24 713 (i) (ii) (iii) I-43

(e) (f) (g) 30 (h) 30 16 6,675 331 503 709 3,138 11,356 (4,381) (90) (479) (578) (2,531) (8,059) 2,294 241 24 131 607 3,297 2,294 241 24 131 607 3,297 3,420 433 8 31 3,892 9 (2,087) (143) (10) (60) (316) (2,616) 3,627 531 22 102 291 4,573 10,095 764 511 740 3,019 15,129 (6,468) (233) (489) (638) (2,728) (10,556) 3,627 531 22 102 291 4,573 3,627 531 22 102 291 4,573 5,313 2,470 42 365 287 8,477 9 (3,469) (565) (12) (100) (249) (4,395) 5,471 2,436 52 367 329 8,655 I-44

15,408 3,234 553 1,105 3,306 23,606 (9,937) (798) (501) (738) (2,977) (14,951) 5,471 2,436 52 367 329 8,655 5,471 2,436 52 367 329 8,655 8,325 1,440 305 796 10,866 9 (5,484) (1,103) (43) (267) (138) (7,035) 8,312 2,773 314 896 191 12,486 23,733 4,674 858 1,901 3,306 34,472 (15,421) (1,901) (544) (1,005) (3,115) (21,986) 8,312 2,773 314 896 191 12,486 8,312 2,773 314 896 191 12,486 5,530 965 217 586 7,298 9 (2,697) (598) (37) (180) (36) (3,548) 11,145 3,140 494 1,302 155 16,236 29,263 5,639 1,075 2,487 3,306 41,770 (18,118) (2,499) (581) (1,185) (3,151) (25,534) 11,145 3,140 494 1,302 155 16,236 5,471 2,436 52 367 329 8,655 3,890 324 96 404 4,714 9 (2,139) (415) (12) (86) (89) (2,741) 7,222 2,345 136 685 240 10,628 19,298 3,558 649 1,509 3,306 28,320 (12,076) (1,213) (513) (824) (3,066) (17,692) 7,222 2,345 136 685 240 10,628 I-45

1,626 3,634 6,077 2,393 3,030 560 345 427 125 220 430 416 531 223 298 2,616 4,395 7,035 2,741 3,548 17 a 5,566 5,124 5,522 5,882 (a) 18 1,513 3,474 3,018 3,803 16,411 14,011 15,715 19,076 17,924 17,485 18,733 22,879 I-46

19 2,099 3,351 4,202 6,642 56 569 1,457 1,329 a 6,885 7,353 9,972 12,785 9,040 11,273 15,631 20,756 2,507 2,585 2,919 4,190 1,244 1,544 3,252 2,799 31 69 152 2,250 30 97 98 218 268 11 261 183 88 3,890 4,557 6,724 9,595 12,930 15,830 22,355 30,351 2,223 (a) 24(b) I-47

6,380 6,885 7,353 7,353 9,972 330 260 3,032 2,829 3,343 7 175 208 (413) (554) (530) 6,885 7,353 9,972 9,628 12,785 5,321 8,103 12,288 17,241 7,318 7,504 9,075 11,528 155 199 732 385 136 24 260 1,197 12,930 15,830 22,355 30,351 20 51,319 52,928 56,586 57,813 30 1,504 332 6,387 9,494 52,823 53,260 62,973 67,307 0 120 I-48

0 30 13,411 15,812 22,889 24,205 31 60 11,714 12,656 15,154 17,191 61 90 16,612 13,940 12,780 10,773 91 180 9,306 10,037 11,301 13,488 180 1,780 815 849 1,650 52,823 53,260 62,973 67,307 14,710,000 13,370,00011,184,000 15,636,000 38,113 39,890 51,789 51,671 1 30 10,658 10,160 8,715 8,544 31 60 1,301 1,522 1,093 2,506 61 90 327 554 463 2,854 90 2,424 1,134 913 1,732 52,823 53,260 62,973 67,307 86,000 171,000 276,000 67%73%68% 68% 3 I-49

21 (a) 12,405 29,721 36,960 23,930 191 387 517 714 12,596 30,108 37,477 24,644 171 58 1,279 105 12,393 30,014 36,162 24,503 28 28 28 28 4 8 8 8 12,596 30,108 37,477 24,644 (b) 22 12 308 499 1,073 1,147 I-50

86 222 308 191 499 574 1,073 74 1,147 499 127 626 23 4,845 7,321 5,473 5,215 4,148 5,560 6,645 7,287 365 450 487 732 728 728 728 728 449 909 1,424 1,765 1,020 1,715 1,700 3,955 500 497 935 1,316 750 774 805 2,854 12,805 17,954 18,197 23,852 1,747 I-51

0 30 3,775 6,959 5,321 4,816 31 60 376 340 62 275 61 90 235 4 15 90 459 18 90 109 4,845 7,321 5,473 5,215 9,230 12,292 13,854 18,587 415 460 1,533 1,965 1,930 2,835 1,641 2,215 136 145 621 502 161 95 150 592 1,440 1,074 720 215 12,805 17,954 18,197 23,852 24 (a) 62 165 67 25 (b) 24,840 26,006 32,399 52,653 (a) 306 157 98 99 25,146 26,163 32,497 52,752 25,208 26,328 32,564 52,777 I-52

(a) 317 165 102 102 63 170 68 25 380 335 170 127 (12) (13) (5) (3) 368 322 165 124 306 157 98 99 62 165 67 25 368 322 165 124 291,000329,000 191,000 155,000 (b) 24,840 26,006 32,399 52,653 I-53

24,840 26,006 31,176 49,942 376 820 847 1,891 24,840 26,006 32,399 52,653 (i) (ii) (iii) (iv) (v) (vi) 4,742,000 4,423,000 17 6,885,0007,353,0009,972,000 12,785,000 19 7,500,000 21(b) 24,003,00024,970,00037,057,00032,623,000 3.0% 5.5%3.0% 5.5%2.2% 5.5% 2.2% 5.5% I-54

7,054 6,264 9,975 9,456 2,995 2,042 1,840 18,426 225 14,791 17,475 20,584 24,771 368 322 165 124 25,208 26,328 32,564 52,777 25 1.3 26 (a) 19,334 25,296 33,789 9,282 9,239 16 2,616 4,395 7,035 2,741 3,548 19(a) (175) (208) 413 554 530 7 9 442 (398) (312) (360) (213) 1,141 267 (215) 583 9 80 38 106 39 42 20 86 171 276 10 1,400 1,013 1,388 507 560 23,137 32,288 42,876 12,596 14,142 (2,681) 401 (1,354) (1,003) (4,188) 9,693 (608) (9,989) (6,824) (4,334) 1,005 (1,669) (3,096) (1,501) (3,392) 2,841 5,152 (195) (2,718) 5,274 33,995 35,564 28,242 550 7,502 I-55

(b) 10,950,000 13,050,00017,010,000 30 (c) 17,923 (4,788) 10,950 24,085 688 (320) 368 41,996 (16,943) (213) 24,840 60,607 (22,051) 10,950 (213) 49,293 24,085 (5,527) 13,050 31,608 368 (46) 322 24,840 25 1,141 26,006 49,293 (5,548) 13,050 1,141 57,936 31,608 (5,827) 17,010 42,791 322 (157) 165 26,006 6,126 267 32,399 57,936 142 17,010 267 75,355 I-56

31,608 (4,894) 26,714 322 (74) 248 26,006 12,180 (215) 37,971 57,936 7,212 (215) 64,933 42,791 (18,810) 23,981 165 (41) 124 32,399 19,671 583 52,653 75,355 820 583 76,758 27 52,823 53,260 62,973 67,307 10,412 12,984 19,253 26,073 7,500 12,596 30,108 37,477 24,644 75,831 96,352 119,703 125,524 5,566 5,124 5,522 5,882 11,263 15,867 15,558 20,627 24,085 31,608 42,791 23,981 368 322 165 124 24,840 26,006 32,399 52,653 60,556 73,803 90,913 97,385 I-57

28 (a) 50 100 430 (b) 9,929 16,671 23,967 22,350 10,945 11,944 20,066 18,307 20,874 28,615 44,033 40,657 29 14,046,00012,296,00010,514,0009,762,000 2.22 I-58

30 (a) D & W Balloon Company B&S Trading Company (b) 1,504 332 236 115 3,762 4,720 D & W Balloon Company 2,389 4,659 1,504 332 6,387 9,494 97 98 218 268 1,601 430 6,605 9,762 7,083 11,400 15,620 9,540 4,156 5,206 6,316 6,136 6,034 7,151 9,632 3,558 6,347 7,386 11,223 4,747 465 465 24,085 31,608 42,791 23,981 I-59

97,00098,000218,000 268,000 (c) 35,337 19,199 19,031 7,689 5,702 4,902 4,902 4,902 2,042 2,042 979 979 979 408 408 96 96 120 50 50 623 824 D & W Balloon Company 5,415 4,210 6,247 2,580 2,164 6,038 5,034 6,247 2,580 2,164 I-60

(d) 15 1,500 1,590 1,650 687 838 51 54 54 24 24 61 100 69 33 2 1,612 1,744 1,773 744 864 31 39,000,000 0.01 39,000,000 390 300 1,200 1.2 39,000,0000.0110,000,000,0000.01 32 I-61

III 13 I-62

A. 4.29 1 2 3 0.80 64,799 59,432 124,231 0.31 1.00 64,799 78,530 143,329 0.36 II-1

(1) 64,799,000 (2) 100,000,000 0.80 1.00 6,180,000 (3) 400,000,000 (4) 15 0.801.000.270.32 II-2

B. II 1 II 2 II-1 II-2 4.29 7 7 22 +852 2289 8888+852 2810 9888www.pwchk.com II-3

1 4.29(7) 3420 4.29 7 II-4

(a) (b) (c) 4.29(1) II-5

22 1. (a) 27(2) (b) 2. (a) (i) (ii) III-1

(iii) (i) (ii) (iii) (iv) (v) (iv) III-2

(30) (v) (vi) (vii) III-3

(20%) (14) (20%) (b) (i) III-4

(aa) (bb) (cc) (6) (dd) (ee) (ff) III-5

(ii) (a) (b) (iii) (iv) III-6

(v) III-7

(vi) (vii) 622 (viii) III-8

(aa) (bb) (cc) (dd) (ee) (c) III-9

(d) (e) (i) (15) (ii) III-10

(iii) (15)(18) (iv) (21)(20) (14) (10) III-11

(aa) (bb) (cc) (dd) (ee) (ff) (20%) (gg) (v) (vi) III-12

(f) (21) III-13

(g) (i) (ii) (a) (b) III-14

(h) (2) 2.50 1.00 (i) 3(f) (j) (i) III-15

(ii) (k) 3. (a) III-16

(b) (a)(b) (c)37 (d) (e) (c) (d) III-17

(e) III-18

(f) (a)(b) (c) (a)(b) (c) (d) (g) (h) (i)(ii) (iii) III-19

(i) (j) (1) (2) (k) (l) III-20

(m) (n) (o) (60) (p) 25% (q) (a)(b)(c) III-21

21 III-22

(r) (75%) (s) (4) (90%)(4) (2) (1) (t) 4. Conyers Dill & Pearman III-23

1. Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands 2. (a) 390,000 39,000,000 99 0.01 200 100 100 100 100 33.33% (b) (i) ACAC Investment100 ACAC Investment (ii) SCSC Holdings100 SCSC Holdings (iii) CCST Investment100 CCST Investment ACAC Investment100 SCSC Holdings100 CCST Investment100 33.33% IV-1

(c) (i) Bands Investment 300 ACAC Investment 100 SCSC Holdings100 CCST Investment100 (ii) Bands Investment Saw Corporation 300 ACAC Investment 100 SCSC Holdings100 CCST Investment100 (iii) Bands Investment 300 ACAC Investment 100 SCSC Holdings100 CCST Investment100 ACAC Investment400 SCSC Holdings 400 CCST Investment400 33.33% (d) (i) Bands Investment1,700 ACAC Investment100 (ii) Bands Investment 1,700 SCSC Holdings 100 IV-2

(iii) Bands Investment 1,700 CCST Investment 100 ACAC Investment500 SCSC Holdings 500 CCST Investment500 33.33% (e) 9,961,000,000 390,000 39,000,000 100,000,000 10,000,000,000 (f) 400,000,000 3 4 3. (a) 9,961,000,000 390,000 39,000,000 100,000,000 10,000,000,000 (b) (c) (d) 30 (i) IV-3

(ii) (iii) 2,999,985 299,998,500 (iv) (aa) 20%(bb)(v) (v) 10% IV-4

(vi) (v) 4. 5. 6. 7. (a) (b) (1)(2) (3)(4) (1)(2) (3) IV-5

400,000,000 40,000,000 (c) (d) 26 IV-6

8. 16 181 9911 25 10 9. (a) (b) Saw Corporation (c) (d) 51% (e) (f) Saw Corporation (g) (h) (i) (j) IV-7

10. 1. 35 304117158 2. 35 9345677 3. 29, 30 303164328 4. 30 2003B05582 5. 30 3242607 6. 29, 30 301090683 7. 29, 30 6668853 8. 30 301132910 1. 35 N/126991 2. 35 106052599 IV-8

1. 2. 3. 4. 5. 6. 30 1989B2127 32 200311149 42 200113956 21 300227051 35 300200168 30 2002B10313 7. 32 2002B10314 8. 42 2002B10315 9. 21, 35 300227079 10. 43 302438000 11. Yugen Kaisha Romanza (Romanza 30 302544543 Co., Ltd.) 12. Yugen Kaisha Romanza (Romanza 30 302667105 Co., Ltd.) 13. Yugen Kaisha Romanza (Romanza 43 303012245 Co., Ltd.) 14. 43 304170799 IV-9