132 (1) A 14.6% 19932,445.6% (2) 2016 (3) 140 2, (1) (2) A +14.0%+11.2%+13.5%-1.5%-3.2% +8.2% (3) AsianInvestor

2016 9th Floor, Nexxus Building 41 Connaught Road Central, Hong Kong 香港中環干諾道中四十一號盈置大廈九樓 Tel 電話: (852) 2880 9263 Fax 傳真: (852) 2564 8487 (Incorporated in the Cayman Islands with limited liability) www.valuepartners-group.com Stock Code : 806 ANNUAL REPORT 年報

132 (1) A 14.6% 19932,445.6% (2) 2016 (3) 140 2,500 60 24 (1) (2) A +14.0%+11.2%+13.5%-1.5%-3.2% +8.2% (3) AsianInvestor

1 132 806 HK ETF 2 3 4 12 14 17 23 30 39 50 55 62 66 119

2 MH, Ph.D LEE Siang Chin MH, Ph.D LEE Siang Chin MH, Ph.D LEE Siang Chin LEE Siang Chin MH, Ph.D Roger Anthony HEPPER Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, George Town Grand Cayman KY1-1110 Cayman Islands www.valuepartners-group.com 806

3 1,768.3 1,500 1,599.4 800 804.2 1,433.1 600 15,000 1,000 1,027.6 10,000 400 376.4 384.3 500 651.6 273.6 200 137.5 5,000 15,576 12,895 13,249 10,489 8,509 0 0 0 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 % 1,433.1 1,768.3-19.0% 1,599.4 1,027.6 651.6 178.7 514.0-65.2% 749.6 468.2 254.4 137.5 273.6-49.7% 804.2 384.3 376.4 7.4 14.8-50% 45.4 21.9 21.4 7.4 14.8-50% 45.3 21.8 21.4 % 3,957.0 4,265.8-7.2% 4,362.6 3,080.5 2,982.6 196.4 405.3-51.5% 476.4 251.8 265.4 3,760.6 3,860.5-2.6% 3,886.2 2,828.7 2,717.2 % 13,249 15,576-14.9% 12,895 10,489 8,509

4 26140 26201520 ETF 87 DGPN DGPN Asia Asset ManagementAAM Best of Best AAM 20 20 AsianInvestor Asia Asset Management ETF AAM ETFI ETF ETF ETFETF AsianInvestor Asian Private Banker Asian Private Banker ETF Asian Private Banker

5 G3 G3 2016 2016 10 3A ETFETF ETF HKCAMA* ETF ETF * HKCAMA

7 2017

8 ETF Smart Beta ETF ETF 600

9 www.career-fsdc.org.hk 60

10 VIVA VIVA VIVA 2000

12 2.74 50% 1.3815% 132 500 1.33 Roger HEPPER

13 500 132 1 2,446%419% 14.1 142 2016 2 AsianInvestor 3 208 262,000 1. A +14.0% +11.2%+13.5%-1.5%-3.2% +8.2% 2. 2016 3.

14 82 1 73 12 1 14 1 15% 132 19 50%1.382.74 2.1 17% 2 15.9% 3 QDLP QDLP

15 ETF leveraged and inverse L&I L&I ETF L&IL&I L&I ETFETF ETF ETF 03081 HK 0.15%0% ETF ETF 4 81% 2016 5 AsianInvestor 6 robo-advisory Roger HEPPER Roger Roger

16 (i) QDLP MRF MRF (ii) Value Partners Asset Management Singapore Pte LtdVPAMS Licensed Fund Manager Company ) VPAMSVPAMS MH, Ph.D 1. 2. P Acc +13.0%+1.2%+1.1%+6.1% +15.9%+5.5% 3. 4. ETF 5. 2016 6.

17 132.49 155.76 19.30 1 0.6% 2 15.9% 3 3.2% 4 5 0.2% 12.79 6.51 19.30 40.05 39.26 117.7858.56 77.73 12,000 10,000 8,000 6,000 4,000 2,000 0 (2,000) 11,778 7,773 5,856 3,926 4,005 3,266 1,987 1,939 2,590 (1,279) (651) (1,930) 15,576 3,926 (5,856) (43) (354) 13,249 13,881 13,813 13,723 14,577 13,955 13,281 13,330 13,600 13,788 14,008 13,785 13,769 13,249

18 (73%) (81%)(17%) 73% 75% 27% 25% 81% 17% 1% 1% 83% 15% 1% 1% 58% 58% 42% 42%) 83% 78% 7% 11% 42% 42% 21% 19% 18% 17% 16% 18% 3% 4% 83% 4% 4% 4% 3% 1% 1% 78% 6% 4% 4% 5% 1% 2%

19 % 1,433.1 1,768.3-19.0% 1,049.1 1,144.7-8.4% 10.8 309.0-96.5% 178.7 514.0-65.2% 137.5 273.6-49.7% 7.4 14.8-50.0% 7.4 14.8-50.0% 4.8 10.0-52.0% 7.2 6.0 +20.0% 12.0 16.0-25.0% 2,000 1,049.1 10.8 338.7 34.5 1,144.7 309.0 251.8 62.8 1,500 1,000 1,433.1 (770.3) 1,768.3 (693.5) 35.0 (432.4) - (337.9) (434.4) (8.3) (250.8) 500 46.2 709.0 1,109.8 46.2 35.0 0 1.3752.736 19.0% 14.33117.683 9.4% 138.81153.328.4% 10.491 11.447 97 96 4.3244.344 5760

20 1,0803.090 3,4506,280 4,6203,5001,930 1,860 2,1101,610 (1.1) (29.5) (2.0) (1.7) (42.8) (24.8) (15.4) (35.0) (18.5) (133.8)

21 444.9 150.9 595.8 100 200 300 400 600 500 364.5 165.8 221.4 52.5 1.4 89.2 91.4 17.9 36.7 13.9 5.9 530.3 0 199.3 141.7 2.3 101.6 87.6 22.7 24.3 10.9 5.4 2 2.1 2.8 2,210 2.2141.993 20% 23%5,250 1.417 140 230 8,9201.016

22 9,1408,760 1,7902,270 4.8 7.2 26.2911.308 15.8 37.606 18.5 1. 2. 162 3. 131 4. A1 +25.2%+8.1% +9.4%-3.7% -0.2%+9.8% 5.

23 Darjah Gemilang Pangkuan Negeri (DGPN) DGPN Darjah Setia Pangkuan Negeri (DSPN) Asia Asset Management 2011 Best of the Best AsianInvestor AsianInvestor FinanceAsiaCapital Markets Person Asset Benchmark Survey Morgan Grenfell Public Bank Malaysia

24 2011 Best of the Best University of Auckland University of New South Wales MH, Ph.D Asia Asset Management MH University of Oxford Durham University

25 (University of California) Global Jesuit Case Series University of California, Berkeley Harvard University Cornell University

26 LEE Siang Chin LEE Siang Chin LEEMaybank Kim Eng Securities (Thailand) Public Limited Company Maybank Investment Bank Bhd LEESurf88.com Sdn Bhd AmSecurities Sdn Bhd LEE Association of Stock Broking Companies LEE Funai Kosan, Co., Ltd.Nichimen Corporation Nichimen Co.Sojitz Trade & Investment Services Nichimen/SojitzPreXion CorporationYappa CorporationTeraRecon Inc. Asiavest Co. Ltd. Pingat Kelakuan Terpuji (PKT) Invest-in-Penang Berhad Honorary Industry Expert Development of SMEs in Penang Kobe University Asia University, Tokyo (CMA )

27 The University of Hong Kong The Asset The Asset Benchmark ResearchG3 Prudential Fixed Income Management Prudential Salomon Smith Barney500 University of Chicago Cornell University

28 Roger Anthony HEPPER Roger HEPPER middle office HEPPER JPMorgan Group HEPPERJPMorgan Asset Management Jardine Fleming Unit Trusts Baker Rooke HEPPERJPMorgan Asset Management HEPPERLoughborough University of Technology (I.C.A.E.W) (Ernst & Young) (PricewaterhouseCoopers) University of New South Wales FRM

29 University of London LL.M. P.C.LL. University of New South Wales

30 16.1 62 4.8 7.2 3 26 2,425,116,000 353,000

31 LEE Siang Chin 8687 3.13 23 26 XV XV78 352

32 (a) (3) (1) 403,730,484 21.80% 57,470,828 56,620,000 6.16% 14,165,723 16,990,000 1.68% (2) 16,870,583 0.91% 11,370,000 0.61% 500,000 0.02% LEE Siang Chin 200,000 300,000 0.02% 500,000 300,000 0.04% (1) Cheah Capital Management LimtiedCCML CCML Cheah Company LimitedCCL CCL BNP Paribas Jersey Nominee Company Limited BNP Paribas Jersey Nominee Company LimitedBNP Paribas Jersey Trust Corporation LimitedCCLBNP Paribas Jersey Trust Corporation Limited BNP Paribas Jersey Trust Corporation Limited (2) Bright Starlight LimitedBright Starlight Limited Scenery Investments Limited Scenery Investments LimitedEast Asia International Trustees Limited (3) (b) 74,000 10,000 LEE Siang Chin 50,000 0.49% 0.07% 0.33% Stenying Holdings LimitedStenying Holdings Limited LEE Siang Chin

33 (c) (3) 14.092 18,873,333 18,873,333 14.092 18,873,333 18,873,333 14.092 18,873,334 18,873,334 5.00 500,000 (500,000) 5.00 500,000 (500,000) 5.00 500,000 (500,000) 4.56 533,334 533,334 4.56 533,333 533,333 4.56 533,333 533,333 13.60 1,716,666 1,716,666 13.60 1,716,666 1,716,666 13.60 1,716,668 1,716,668 14.092 3,413,333 3,413,333 14.092 3,413,333 3,413,333 14.092 3,413,334 3,413,334 4.56 400,000 400,000 4.56 400,000 400,000 4.56 400,000 400,000 13.60 1,016,666 1,016,666 13.60 1,016,666 1,016,666 13.60 1,016,668 1,016,668 14.092 2,373,333 2,373,333 14.092 2,373,333 2,373,333 14.092 2,373,334 2,373,334 3.94 66,667 66,667 3.94 66,667 66,667 3.94 66,666 66,666 14.092 100,000 100,000 14.092 100,000 100,000 14.092 100,000 100,000 LEE Siang Chin 14.092 100,000 100,000 14.092 100,000 100,000 14.092 100,000 100,000 14.092 100,000 100,000 14.092 100,000 100,000 14.092 100,000 100,000

34 5.00 166,667 (166,667) 5.00 166,667 (166,667) 5.00 166,666 (166,666) 3.94 500,000 (500,000) 3.94 500,000 (500,000) 3.94 100,000 100,000 3.94 100,000 100,000 3.94 200,000 200,000 3.94 400,000 400,000 4.56 400,000 400,000 4.56 400,000 400,000 4.56 12,009,987 (2,269,997) 9,739,990 13.60 12,009,987 (2,269,997) 9,739,990 13.60 12,010,026 (2,270,006) 9,740,020 13.60 7,136,653 (903,331) 6,233,322 14.092 7,136,653 (903,331) 6,233,322 14.092 7,136,694 (903,338) 6,233,356 148,120,000 (3,000,000) (9,520,000) (4) 135,600,000 1. 5.003.904.5413.6813.50 2. 3. 56,620,00054,800,000 4. 5,690,000 5. 7.04

35 XV23 10% (1) 517,821,312 27.96% 300,159,324 16.20% (2) 300,159,324 16.20% Cheah Capital Management Limited (3) 403,730,484 21.80% Cheah Company Limited (3) 403,730,484 21.80% BNP Paribas Jersey Nominee Company Limited (3) 403,730,484 21.80% BNP Paribas Jersey Trust Corporation Limited (3) 403,730,484 21.80% (1) (2) (3) Cheah Capital Management LimitedCCML Cheah Company LimitedCCL CCLBNP Paribas Jersey Nominee Company Limited BNP Paribas Jersey Nominee Company Limited BNP Paribas Jersey Trust Corporation LimitedCCLBNP Paribas Jersey Trust Corporation Limited

36 1. 2. 3. 129,179,038 6.98% 4. (a) 1% (b) 0.1%5,000,000 5. 6. 7. 1 8. (a) (b) (c) 9.

37 36 13.51B(1) 504,800517,400 290,600297,900 195,900200,800 938 9

38 40% 53% 7%14% 5%

39 4/4 4/4 4/4 3/3 4/4 LEE Siang Chin 4/4 4/4

40 A, B, C A, B, C A, B, C A, B, C LEE Siang Chin B, C B, C B, C A B C 3.13

41 A.2 A.2 1. LEE Siang Chin LEE Siang Chin LEE Siang Chin 4/4 4/4 4/4

42 2. LEE Siang Chin 2/2 2/2 LEE Siang Chin 2/2 2/2 1/1 3. LEE Siang Chin 1/1 1/1 LEE Siang Chin 1/1 1/1

43 4. Roger Anthony HEPPER

46 )

47 49050 1. www.valuepartners-group.com

48 2. 20 1/1 1/1 1/1 1/1 1/1 LEE Siang Chin 1/1 1/1 100

49 3. vpg@vp.com.hk

50 1. 2.

51 2.1 2.2 50,000

52 2.3 3. 3.1 40%

53 3.2 6 3.3 4.

54 1,2002,000 VIVAVIVA 250,000 2016 5. 5.1 T5 Building Environmental and Energywise Professionals and SMEs

55 62 118

56 13.986 10.491 1,080 1. 1. 2. 3. 2. 1. 3. 6 2. 3. 4.

57 3,370 1. 4.320 2. 3.

58 1.894 6,360 200 1.238 1. 1. 2. 3. 4. 5. 2. 1025

62 6 1,433,120 1,768,257 7 (770,282) (693,455) 662,838 1,074,802 8 46,151 35,048 708,989 1,109,850 9 (364,544) (444,847) (29,239) (26,919) 10 (136,518) (124,058) (530,301) (595,824) 178,688 514,026 (1,082) (29,546) 21 (2,024) (1,687) 19.1 (42,754) 18.1 (24,771) (15,365) (35,002) 11 (18,471) (133,760) 160,217 380,266 19.1 (5,132) 160,217 375,134 12 (27,627) (104,346) 132,590 270,788 (2,303) (3,922) (37,494) (27,553) 13 (39,797) (31,475) 92,793 239,313 137,547 273,586 (4,957) (2,798) 132,590 270,788 100,202 244,752 (7,409) (5,439) 92,793 239,313 14.1 7.4 14.8 14.2 7.4 14.8 66 118

63 17 10,603 16,461 18 14,047 13,878 28 15,384 10,153 20 734,229 1,061,122 24 8,616 8,583 25 67,795 104,275 850,674 1,214,472 20 41,756 154,832 21 14,875 209,394 22 112,429 206,042 25 55,986 146,036 7,227 33,040 28,919 175,310 43,781 70,073 23 2,629,131 2,228,784 3,106,308 3,051,307 20 4,121 53,181 142,111 29 105,967 116,963 25,021 30,816 30 59,800 31 4,527 3,276 54,882 196,093 404,572 2,910,215 2,646,735 320 746 3,760,569 3,860,461 26 1,391,473 1,377,533 27 148,515 263,083 2,157,728 2,149,583 3,697,716 3,790,199 62,853 70,262 3,760,569 3,860,461 66 118

64 1,336,979 191,186 2,281,423 3,809,588 76,617 3,886,205 273,586 273,586 (2,798) 270,788 27 (3,922) (3,922) (3,922) 27 (24,912) (24,912) (2,641) (27,553) (28,834) 273,586 244,752 (5,439) 239,313 26 40,554 40,554 40,554 27 (841) (841) (916) (1,757) 26, 27 101,572 101,572 101,572 (405,426) (405,426) (405,426) 40,554 100,731 (405,426) (264,141) (916) (265,057) 1,377,533 263,083 2,149,583 3,790,199 70,262 3,860,461 1,377,533 263,083 2,149,583 3,790,199 70,262 3,860,461 137,547 137,547 (4,957) 132,590 27 (2,303) (2,303) (2,303) 27 (35,042) (35,042) (2,452) (37,494) (37,345) 137,547 100,202 (7,409) 92,793 26 13,940 13,940 13,940 26, 27 89,168 89,168 89,168 27 (166,391) 166,391 (295,793) (295,793) (295,793) 13,940 (77,223) (129,402) (192,685) (192,685) 1,391,473 148,515 2,157,728 3,697,716 62,853 3,760,569 66 118

65 33 160,836 1,196,895 18,421 20,483 36,047 61,728 (84,464) (120,642) 130,840 1,158,464 (1,757) 50,742 (8,293) (20,029) 172 (55,448) (613,464) 645,507 558,726 16,681 15,363 649,189 (60,989) (295,794) (405,426) 13,940 40,554 (59,800) (2,620) (341,654) (367,492) 438,376 729,983 (38,029) (52,200) 2,228,784 1,551,001 2,629,131 2,228,784 66 118

66 1 22 3 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands 16 2 2.1 3 939 9 39 9

67 2 2.1 15 1811 15 16 16 16 2.2 (a) 50%

68 2 2.2 (a)

69 2 2.2 (b) 2.3 20% 50% 28

70 2 2.4 2.5 (a) (b) (c) (i) (ii) (iii) (d)

71 2 2.6 2.7 (a)

72 2 2.7 (b) (c) 2.8 (a) (b)

73 2 2.8 (b) (c)

74 2 2.9 2.10 (a) 28 12 28 (b) 12 (c) 12

75 2 2.10 2.11

76 2 2.12 2.13 2.14 2.15 2.16

77 2 2.16 2.17 2.18 (a) (b)

78 2 2.18 (c) (d) 2.19 (a) (b) 2.20 (a) (b)

79 2 2.20 (b) (c) (d) 2.21

80 2 2.22 2.23 2.24 3 3.1 3.2

81 3 3.3 4 4.1 (a) +/ 5% +/ 5% +/ 1,501 +/ 5,253 +/ 5% +/ 5% +/ 12,085 +/ 15,548 +/ 24,214 +/ 27,037 +/ 5% +/ 5% +/ 947 +/ 1,326 +/ 2,574 +/ 2,968 20 22 23 29

82 4 4.1 (b) 5050 605,000605,000 1,175,0001,175,000 (c) 4.1(b) MSCI MSCI

83 4 4.1 (c) MSCI +/ 10% +/ 10% +/ 43,182 +/ 94,940 20 (d) ` A+ 7,277 AA- 7,278 A 1,298,359 1,268,026 A- 380,668 80,340 BBB+ 437,412 426,354 BBB 710,660 486,297 22,796 38,375 2,857,172 2,306,670

84 4 4.1 (d) 185,358,000 279,934,000 112,374 195,810 1 90 4,518 19,603 911 368 14,357 72,155 53,132 189,415 282,902 (65,634) (32,591) 123,781 250,311 116,850,000 223,331,000 81,510,000 119,608,000 72%58% 22

85 4 4.1 (e) 2,629,131,000 2,228,784,000 742,330 1,178,697 33,655 37,257 14,875 209,394 112,429 206,042 94,827 114,827 198,112 141,459 7,227 14,396 16,093 175,310 43,781 70,073 189,930 2,439,201 371,488 1,857,296 932,260 2,894,819 148,482 1,550,185 2,601,494 141,459 (3,644) (438) (39) (53,181) (320) (142,111) (746) (105,967) (116,963) (2,127) (22,894) (1,841) (28,975) (59,800) (4,527) (10,298) (182,480) (359) (1,841) (347,849) (746) 921,962 2,712,339 148,123 1,548,344 2,253,645 140,713

86 4 4.2 Value Partners Asset Management Singapore Pte. Ltd Capital Market Services for Fund Management (b) (a) (a) (a) Value Partners Asset Management Singapore Pte. Ltd 4 9 4 9 1 4 5 9 1 4 5 9 4 9 Capital Market Services for Fund Management (a) (b) 1 4 5 9

87 4 4.3 20 211,036 301,505 211,036 301,505 288,336 519,506 4,341 3,015 292,677 522,521 234,535 354,671 234,535 354,671 (39) 33,655 37,257 33,616 37,257 21 14,875 209,394 14,875 209,394

88 4 4.3 40,272 3,326 2,531 39,391 (71) (243) (4,669) (2,026) (67) (176) 37,996 40,272 (4,736) (2,202) (2,884) (2,026)

89 4 4.3 5

90 5 1,398,604 34,516 1,433,120 1,705,460 62,797 1,768,257 (770,282) (770,282) (693,455) (693,455) 628,322 34,516 662,838 1,012,005 62,797 1,074,802 42,740 3,411 46,151 31,232 3,816 35,048 671,062 37,927 708,989 1,043,237 66,613 1,109,850 (13,225) (664) (13,889) (10,114) (764) (10,878) (458,523) (57,889) (516,412) (531,074) (53,872) (584,946) 199,314 (20,626) 178,688 502,049 11,977 514,026 (18,471) (18,471) (133,760) (133,760) 180,843 (20,626) 160,217 368,289 11,977 380,266 (5,132) (5,132) 180,843 (20,626) 160,217 363,157 11,977 375,134 (31,230) 3,603 (27,627) (99,620) (4,726) (104,346) 149,613 (17,023) 132,590 263,537 7,251 270,788 1,398,604,000 1,705,460,000 33,893,000 61,253,000623,000 1,544,000

91 5 10,110 493 10,603 15,419 1,042 16,461 13,832 215 14,047 13,556 322 13,878 (1,027) 16,411 15,384 2,005 8,148 10,153 775,985 775,985 1,215,954 1,215,954 14,875 14,875 209,394 209,394 112,429 112,429 206,042 206,042 123,781 123,781 250,311 250,311 7,227 7,227 29,180 3,860 33,040 25,324 3,595 28,919 175,310 175,310 41,406 2,375 43,781 67,573 2,500 70,073 2,430,270 198,861 2,629,131 2,040,386 188,398 2,228,784 8,616 8,616 8,583 8,583 3,610,986 345,996 3,956,982 3,811,463 454,316 4,265,779 78,647,000 91,424,000

92 6 1,049,068 1,144,691 10,802 308,967 338,734 251,802 1,398,604 1,705,460 33,893 61,253 623 1,544 1,433,120 1,768,257 7 770,282 688,933 4,522 770,282 693,455 8 19,339 18,583 16,114 8,824 5,028 7,320 5,670 321 46,151 35,048

93 9 216,840 196,164 52,525 141,687 26 27 89,168 101,572 6,011 5,424 364,544 444,847 9.1 9.2 38 5,605 3,028 6,732 11,233 16,809 12,837 36 18 29,182 27,116 10,000,00115,000,000 1 0 15,000,00120,000,000 1 0 25,000,00130,000,000 0 1

94 9 9.3 5,000,000 4 4 5,000,001$10,000,000 1 0 10,000,00115,000,000 0 1 15,000,00120,000,000 1 0 25,000,00130,000,000 0 1 10 36,670 24,281 13,889 10,878 13,618 18,075 12,747 12,311 11,521 5,753 7,333 8,880 7,225 7,003 4,882 4,261 4,806 4,252 2,794 3,342 1,857 4,633 1,249 1,962 729 1,763 353 1,886 16,845 14,778 136,518 124,058

95 11 115,914 89,046 (116,996) (119,012) 420 21 6,517 21 (2,024) (8,204) 19 (42,754) (24,771) (15,365) (35,197) 195 (18,471) (133,760) 12 16.5%16.5% 32,777 54,280 8,228 59,898 (8,147) (3,476) 32,858 110,702 28 (5,231) (6,356) 27,627 104,346

96 12 160,217 375,134 25,128 75,833 7,901 (47,850) (47,150) 58,496 71,238 (8,147) (3,476) 27,627 104,346 15.7%20.2% 13 20.1 27 (2,303) (3,922) (37,494) (27,553) (39,797) (31,475) 14 14.1 137,547 273,586 1,849,722 1,844,440 7.4 14.8

97 14 14.2 137,547 273,586 1,849,722 1,844,440 2,492 6,506 1,852,214 1,850,946 7.4 14.8 15 4.8 10.0 88,882 184,871 7.2 6.0 133,324 110,923 222,206 295,794 4.87.2 88,882,000133,324,000

98 16 16.1 Brilliant Star Capital (BVI) Limited 11 100% Brilliant Star Capital (Cayman) Limited 10.1 100% 350,000,000 100% 300,000,000 90% 1 100% Hong Kong Asset Management Group Limited 1 100% Hong Kong Fund Management Group Limited 1 100% Original Capital Group Limited 1 100% Rough Seas Capital Holdings Limited 1,000,000 100% 35,000,000 100% 1,000,000 2,000,0000.1 100% Value Executive Solutions Co. Limited 1 100% 1 100% Value Investing Group Company Limited 1 100% Value Partners (Cayman GP) II Ltd 11 100% Value Partners (UK) Limited 50,000 100% Value Partners Asset Management Singapore 1,000,0001 100% Pte. Ltd. 30,000,000 62.05% 10 5,000,000 100% 385,000,000 100% 1 100% 25,000,000 100% 0.1 11,409,459 A 3,893,318 B 7,000,0000.1 100% 100% 1 100% 10,000,000 100% Valuegate Holdings Limited 21 100% 20,000,000 100% 13,000,000 100%

99 16 16.2 Value Partners Big Data Fund 95% 17 20,810 4,865 12,673 1,875 40,223 (13,530) (3,769) (8,706) (465) (26,470) 7,280 1,096 3,967 1,410 13,753 7,280 1,096 3,967 1,410 13,753 4,402 166 5,095 652 10,315 (172) (172) (60) (10) (79) 164 15 10 (4,103) (271) (2,421) (655) (7,450) 7,519 981 6,562 1,399 16,461 25,212 5,031 17,768 2,355 50,366 (17,693) (4,050) (11,206) (956) (33,905) 7,519 981 6,562 1,399 16,461 7,519 981 6,562 1,399 16,461 832 90 2,134 3,056 (1,186) (458) (1,644) (54) (5) (28) (87) 10 (4,410) (291) (3,353) (773) (8,827) 1,186 458 1,644 3,887 775 5,343 598 10,603 24,858 5,121 19,444 2,355 51,778 (20,971) (4,346) (14,101) (1,757) (41,175) 3,887 775 5,343 598 10,603

100 18 24,050 54,435 15,718 94,203 (8,083) (8,083) (13,500) (40,214) (53,714) 10,550 14,221 7,635 32,406 10,550 14,221 7,635 32,406 9,714 9,714 (10,550) (14,221) (24,771) (43) (43) 10 (3,428) (3,428) 13,878 13,878 24,050 54,435 25,432 103,917 (11,554) (11,554) (24,050) (54,435) (78,485) 13,878 13,878 13,878 13,878 5,237 5,237 (6) (6) 10 (5,062) (5,062) 14,047 14,047 30,669 30,669 (16,622) (16,622) 14,047 14,047

101 18 18.1 ETF 14,221 10,550 (10,550) (14,221) 5% 100% 10% 15% 3% 15.7% 15.4% 24,771,000

102 19 19.1 102,651 (5,132) 11 (42,754) 21 (54,765) 49% 45,000,00055,000,000 49%54,765,000 21 19.2 Value Partners Ireland Fund Plc Value Partners Health Care Fund 21% 24% 177,993 156,225 1,324 (5,845) 36.3

103 20 154,832 154,832 30,583 30,583 (3,644) (3,644) 4,514 4,514 4,428 4,428 2,230 2,230 173,363 146,673 173,363 146,673 211,474 301,505 211,474 301,505 5,594 6,463 5,594 6,463 17,573 16,056 17,573 16,056 288,336 519,863 4,341 2,658 292,677 522,521 13,869 27,727 1,183 15,052 27,727 38,063 145,584 38,063 145,584 71,867 74,811 71,867 74,811 1,127 1,127 60,675 58,767 25,711 24,136 86,386 82,903 418,516 769,124 108,696 108,068 527,212 877,192 33,655 37,257 33,655 37,257 (39) (39) (438) (438) 33,178 37,257 33,178 37,257 663,168 1,107,886 108,696 108,068 771,864 1,215,954 625,533 953,054 108,696 108,068 734,229 1,061,122 37,635 154,832 37,635 154,832 663,168 1,107,886 108,696 108,068 771,864 1,215,954 21

104 20 16.2 36.3 35.3 400 35100 39 17,634 16,353 233,603 341,029 15,052 182,559 10,109 6,463 4,427 1,127 490,679 667,878 360 545 771,864 1,215,954 20.1 108,068 34,389 2,931 102,519 (24,918) 13 27 (2,303) (3,922) 108,696 108,068

105 21 49% 19.1 54,765 131,425 14,875 23,204 14,875 209,394 (625) (7,832) (1,399) 6,145 (2,024) (1,687) 22 1 30 490 692 31 60 1,096 162 61 90 1,475 406 90 2,436 16,006 5,497 17,266 106,932 188,776 112,429 206,042

106 22 687 818 22,762 25,294 4,591 26,079 84,347 153,768 42 83 112,429 206,042 23 183,371 369,068 2,439,201 1,857,296 6,559 2,420 2,629,131 2,228,784 5,766 81,946 1,136,647 979,715 349,635 373,638 9,075 5,031 2,891 23,911 1,122,908 764,506 2,209 37 2,629,131 2,228,784

107 24 6,022 5,984 2,594 2,599 8,616 8,583 25,000,0006,012,00025,000,000 5,900,000 9,00010,00070,00084,000 25 25.1 46,115 51,918 143,300 230,984 189,415 282,902 (65,634) (32,591) 123,781 250,311 67,795 104,275 55,986 146,036 123,781 250,311 2.3 2.2

108 25 25.2 3,081 3,470 10 (918) (242) (155) (147) 2,008 3,081 29,510 6,398 10 37,588 24,523 (3,472) (1,411) 63,626 29,510 1.1%1.1% 69%56% 26 1,836,664,831 1,336,979 12,050,000 40,554 1,848,714,831 1,377,533 3,000,000 13,940 1,851,714,831 1,391,473 5,000,000,0005,000,000,000 0.1 0.1

109 26 140,920,000 89,168,000 101,572,000 3.82 19,650 13.60 44,500 14.09 96,420 13.60 (270) 14.09 (130) 2.44 (6,400) 5.00 (2,550) 3.94 (3,100) 13.46 148,120 13.46 148,120 13.60 (6,810) 14.09 (2,710) 5.00 (2,000) 3.94 (1,000) 13.63 135,600 135,600,000148,120,00066,986,0007,600,000 13.43 4.55 3,000,00012,050,000

110 26 5.00 2,000 13.60 37,420 44,230 14.09 93,580 96,290 3.94 600 1,600 4.56 4,000 4,000 54,800,000 27 (a) (b) 168,593 19,584 240 (1,341) 3,655 455 191,186 9 101,572 101,572 20.1 (3,922) (3,922) (24,912) (24,912) (841) (841) 270,165 15,662 240 (2,182) (21,257) 455 263,083 270,165 15,662 240 (2,182) (21,257) 455 263,083 9 89,168 89,168 (166,391) (166,391) 20.1 (2,303) (2,303) (35,042) (35,042) 192,942 13,359 240 (2,182) (56,299) 455 148,515 (a) (b)

111 28 3,797 3,797 12 6,356 6,356 10,153 10,153 10,153 10,153 12 5,231 5,231 15,384 15,384 12 15,029 9,642 12 355 511 15,384 10,153 29 0 30 103,357 116,866 31 60 2,129 61 90 244 90 237 97 105,967 116,963 105,967 116,952 11 105,967 116,963

112 30 50,000,000 59,800,0004.45% 31 32 25 123,781 250,311 24 6,022 5,984 112,429 206,042 7,227 14,396 12,246 175,310 43,781 70,073 2,629,131 2,228,784 3,104,850 2,780,667 20 667,289 1,107,886 21 14,875 209,394 682,164 1,317,280 20 108,696 108,068 20 4,121 53,501 142,857 105,967 116,963 25,021 30,816 59,800 4,527 189,016 350,436

113 33 160,217 375,134 (33,893) (61,253) (19,339) (18,583) (21,142) (16,144) 89,168 101,572 13,889 10,878 24,771 42,754 36,670 24,281 3,106 31,038 5,132 (33) 120 93,613 487,558 92,422 61,813 (175,310) 26,292 180,096 (3,204) 6,282 (89,356) (93,210) (10,996) 39,947 (5,795) (5,291) 4,527 160,836 1,196,895 34 34.1 24,391 24,255 16,060 24,939 40,451 49,194 34.2 375,000 2,910,000 600,000 4,656,000 1,548,000 3,000,000

114 35 35.1 35.2 36 36.1 (289) (289) 36.2 36,255 75,240 46,944 60,389 69 72 83,268 135,701

36 36.3 115 Value Partners Big Data Fund 16.2 87,812 93,372 ASTON/Value Partners Asia Dividend Fund 60,395 58,474 Premium Asia Income Fund 17,573 16,056 ETF 4,671 4,816 ETF 142,179 117,003 ETF 8,932 8,624 ETF 7,815 7,890 Value Partners Asia Fund, LLC 280 293 Value Partners China A-Share Select Fund (a) 74 83 (b) 138,405 Value Partners Classic Equity Fund (c), (d) 108,267 (e) 86,402 14,874 23,204 ETF (a) 1,127 Value Partners Credit Fund (f) 1 Value Partners Global Contrarian Fund (c) 13,716 13,252 (f) 1 19,116 Value Partners Ireland Fund Plc Value Partners Health Care Fund19.2 38,063 37,316 Value Partners Hedge Fund Limited (f) 2 2 (g) 266 264 (a) 65,672 71,856 170,698 190,126 37,908 38,052 (h) 357 ETF 9,765 8,340 14,080 13,869 13,647 694,565 1,070,425 (a) (b) (c) (d) (e) (f) (g) (h) A A C A2 MDis

116 36 36.4 Malabar India Fund, LP 25,689,000 24,136,000 Malabar Investment LLC Malabar Investment LLC 6.6% 6.6% 36.5 12 36.6

37 117 1,401,293 1,393,652 951,718 713,251 2,353,011 2,106,903 300,000 410,000 579 517 133,182 28,953 433,761 439,470 1,125 109 432,636 439,361 175,359 23,081 2,610,288 2,523,183 2,258,286 2,244,346 (a) 193,182 270,405 (a) 158,820 8,432 2,610,288 2,523,183 (a) 168,593 240 16,072 101,572 397,786 (405,426) 270,165 240 8,432 270,165 240 8,432 89,168 27 (166,391) 166,391 279,790 (295,793) 192,942 240 158,820

118 38 38.1 (a) 6,562 8,730 20,494 18 35,804 3,778 6,100 15,651 18 25,547 2,547 4,400 10,763 18 17,728 (b) 2,558 180 1,436 15 4,189 300 360 660 Lee, Siang Chin 300 440 740 300 365 665 (c) 174 1,800 3 2 1,979 900 15,619 21,210 49,512 71 87,312 6,401 23,391 28,168 18 57,978 3,685 15,966 17,455 18 37,124 2,484 11,233 12,257 18 25,992 (b) 2,949 7,600 4,040 18 14,607 300 494 794 Lee, Siang Chin 300 565 865 300 500 800 900 15,519 58,190 63,479 72 138,160 (a) (b) (c) 38.2

119 Brilliant Star Capital (BVI) Limited 1 Brilliant Star Capital (Cayman) Limited 0.1 350,000,000 300,000,000 1 Hong Kong Asset Management Group Limited 1 Hong Kong Fund Management Group Limited 1 Original Capital Group Limited 1 Rough Seas Capital Holdings Limited 1,000,000 57,314,734 200,000 Value Executive Solutions Co. Limited 1 1 Value Investing Group Company Limited 1 Value Partners (Cayman GP) II Ltd 1 Value Partners (UK) Limited 50,000 Value Partners Asset Management Singapore Pte. Ltd. 1,000,000 300,000,000 5,000,000

120 1 385,000,000 25,000,000 1,530,278 700,000 1 10,000,000 Valuegate Holdings Limited 2 20,000,000 13,000,000