2 4 7 11 21 28 39 49 78 79 81 82 84 154 155 156 72
Sheldon Trainor-DeGirolamo Sheldon Trainor-DeGirolamo Sheldon Trainor-DeGirolamo Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 168 200 1 102 2017 2
Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 1680 183 17 1712 1716 1,000 (853)2822 2211 (853)2822 2266 ir@macaulegend.com www.macaulegend.com 3 2017
(i) (ii) Savan Legend (iii) Savan Legend 42,000,000 325,900,000 50 Savan Legend 4,600,000,000 2017 4
2,657 19.1% 1,836,100,000 24.8% EBITDA 278,200,000 29.0% 5 223 6 7 2017
Savannakhet Saven Legend 2017 8
1,836,100,000 1,471,500,000364,600,000 24.8% 442,627 539,948 * 97,506 159,361 6,323 8,439 546,456 707,748 271,648 * 29,091 4,996 305,735 80,957 112,141 * 29,769 40,870 718 679 111,444 153,690 Savan Legend 106,237 38,596 41,962 16,828 98,266 35,555 246,465 90,979 1,210,100 952,417 209,539 208,918 394,205 302,899 Savan Legend 22,213 7,227 625,957 519,044 1,836,057 1,471,461 * 11 2017
27.1% 1,210,100,00020.6% 626,000,000 (i)savan Legend 155,500,000(ii) 305,700,000 (i)97,300,000 (ii) 39,100,000 (i)77,100,000 (ii) Savan Legend15,000,00016,800,000 EBITDA 278,200,000 215,600,00062,600,000 29.0% EBITDA Savan Legend Savan Legend Savan Legend Savan Legend (532,772) 25,431 (507,341) (286,882) 9,387 (277,495) 103,751 103,751 23,491 23,491 14,295 14,295 11,872 11,872 370,452 20,373 390,825 254,790 12,582 267,372 54,044 399 54,443 54,044 126 54,170 33,168 1,693 34,861 33,168 537 33,705 427 427 986 986 121,118 121,118 (573) 192 (381) 148 148 i 48,141 48,141 99,394 99,394 (55,001) (55,001) (84) (84) (18,951) (18,951) (4,856) 77,958 73,102 (4,981) 25,854 20,873 EBITDA 152,110 126,046 278,156 167,079 48,486 215,565 2017 12
(i) EBITDA Savan Legend Savan Legend Savan Legend Savan Legend 315,175 195,098 510,273 274,255 76,443 350,698 (95,569) (69,052) (164,621) (35,059) (27,957) (63,016) 219,606 126,046 345,652 239,196 48,486 287,682 * (67,496) (67,496) (72,117) (72,117) EBITDA 152,110 126,046 278,156 167,079 48,486 215,565 * 73,547,000 6,051,000 Savan LegendEBITDA 239,200,0008.2% 219,600,000Savan Legend EBITDA 48,500,000 160.0% 126,000,000 507,300,000 229,800,000 (i) (ii)(iii) 13 2017
A. (i) (ii) Savan Legend Savan Legend 60 18 48 39 165 60 34 45 139 11 7 21 20 59 22 17 39 78 71 25 69 59 224 82 51 84 217 28 88 305 421 121 74 466 661 194179 165 1335984 Savan Legend % % % % 4,183,344 4,488,268 (6.8) 3,307,454 1,021,834 1,284,672 (20.5) 475,306 166,411 185.6 804,777 981,724 (18.0) 493,904 146,978 203,870 (27.9) 109,960 39,756 176.6 19.24% 21.87% (2.6) 14.93% 14.38% 15.87% (1.5) 23.13% 23.89% (0.8) 60 60 48 24 32 (25.0) 45 46 (2.2) 37 45 (17.8) 28 17 17 7 7 17.8% 37,000 Savan Legend 28,0007,000 2017 14
% 15,349,843 2,692,903 18,042,746 17,767,000 8,058,803 25,825,803 (30.1) 480,938 132,012 612,950 499,918 301,136 801,054 (23.5) 3.13% 4.90% 3.40% 2.81% 3.74% 3.10% 0.3 17 7 24 14 9 23 4.3 78 52 70 98 91 95 (26.3) Savan Legend % % % 4,046,000 635,582 1,270,827 (50.0) 4,033,045 1,120,794 259.8 85,318 51,584 65,971 (21.8) 113,323 37,656 200.9 2.11% 8.12% 5.19% 2.9 2.81% 3.36% (0.55) 12 12 15 (20.0) 24 40 (40.0) 19 12 12 13 8 62.5 95,00026.3% 70,000 Savan Legend 19,00013,000 Savan Legend % % % % 256,146 816,619 (68.6) 182,135 28,865 52,330 (44.8) 2,491,438 948,300 162.7 16,888 23,861 (29.2) 12,548 1,836 1,752 4.8 98,425 35,547 176.9 6.59% 2.92% 3.7 6.89% 6.36% 3.35% 3.01 3.95% 3.75% 0.2 142 121 17.4 76 48 74 (35.1) 421 466 (9.7) 0.3 0.5 (40.0) 0.5 0.1 0.1 0.6 0.6 15 2017
50040.0% 300 500 Savan Legend B. 626,000,000 519,000,000106,900,000 20.6% Savan Legend Savan Legend Savan Legend Savan Legend 281,375 2,307 283,682 206,074 890 206,964 102,932 189 103,121 106,854 106,854 48,442 48,442 54,324 54,324 151,811 17,577 169,388 122,673 4,880 127,553 13,092 13,092 13,851 13,851 6,092 2,140 8,232 8,041 1,457 9,498 603,744 22,213 625,957 511,817 7,227 519,044 (i) 77,100,000 (ii) Savan Legend15,000,000 16,800,000 2017 16
(%) 85.0 78.1 1,020.2 999.4 867.2 780.5 (%) 84.0 1,439.4 1,209.1 (%) 86.3 77.9 885.3 822.1 764.0 640.4 C. (a) (b) 4,600,000,000 1,000,000,000 3,600,000,000 17 2017
(c) 250,000,000 2,150,000,00075 2515 10 (d) 60 Savan Legend EBITDA Sebutal 2017 18
6,236,300,000 6,692,400,000456,100,000 243,700,0008,100,000 4,200,000 0.001% (i)2,409,800,000(ii) 57,500,000(iii) 771,200,000 450,600,000 358,300,000 5,059,700,000 2,320,900,000 1,710,600,000 1,764,600,000 164,400,000 118,000,0008,100,000 21,100,000 19 2017
48.0% 48.2% 4,659 1,118 2017 20
67 2006 XV 21 2017
90 XV Sheldon Trainor-DeGirolamo54Trainor 6 Credit Suisse Management (Australia) PTY Limited Morgan Stanley Asia Pacific Holding Ltd. Trainor Merrill LynchPacBridge Capital Partners (HK) LimitedTrainor XVTrainor 27 2017 22
XV 67 Carl Tong & Associates Management Consultancy Limited Creative Master Bermuda Limited Creative Master International Inc. 0571 0122 XV 26 UNIR Australia Pty Ltd XV 23 2017
66 0934 2883 Worldsec Limited LON WSL 1336 59 TOM.COM INTERNATIONAL LIMITED TOM 2383 Apax Partners Chinastone Energy Fund 2017 24
72 (O.B.E) (C.B.E) 0289 0230 0934 1203 1666 01782689 1192 601088 1088 25 2017
46 22 0016 1686 52 30 14 140,000 3,000 2017 26
62 Adrian Pinto-Marques29 Hotel Institute Montreux DeVos Graduate School Pinto-Marques 8 5 58 27 2017
A.2.1 A. A1. 2017 28
A2. Sheldon Trainor-DeGirolamo 3.10 3.10A 29 2017
A3. A.2.1 A4. Sheldon Trainor-DeGirolamo 2017 30
A5. A.6.5 A6. A7. D.3.1 31 2017
A8. 7/7 1/1 1/1 1/1 5/7 1/1 1/1 Sheldon Trainor-DeGirolamo 7/7 1/1 1/1 7/7 1/1 7/7 4/4 1/1 6/7 2/4 1/1 6/7 4/4 1/1 1/1 1/1 6/7 4/4 1/1 1/1 1/1 7/7 4/4 1/1 1/1 1/1 B. www. macaulegend.comwww.hkexnews.hk B1. 3.10(2) 2017 32
B2. B.1.2(c)(ii) 33 2017
B.1.5 11,000,000 2 1,000,0012,000,000 1 2,000,0013,000,000 2 5 9 B3. Sheldon Trainor-DeGirolamo 2017 34
C. D. 35 2017
E. 3,530,000 520,000 1,000,000 320,000 5,370,000 2017 36
F. 15 G. www.macaulegend.com (853) 2822 2266 ir@macaulegend.com H. (1) 58 37 2017
(2) 85 www.hkexnews.hkwww.macaulegend.com 2017 38
27 A. A1. A2. A3. B. B1. B2. B3. B4. B5 B6 B7 B8 39 2017
A. A1. 120 24,395 22,563 12.88 12.54 A2. LED LED 2017 40
75,457,051 61,705,259 47,810,885 42,884,094 21,732 19,493 LPG 211,154 187,416 1,055,008 1,013,170 480 461 849,444 687,429 849,444 687,429 A3. 41 2017
B. B1. 1,710 1,715 1,485 1,574 3,195 3,289 18-30 703 861 31-40 1,050 990 41-50 727 771 51-60 613 603 >=61 102 64 3,195 3,289 3,188 3,284 5 5 2 0 3,195 3,289 2017 42
B2. B3. 970 10,300 43 2017
B4. B5. 481 515 59 67 62 63 602 645 2017 44
B6. 45 2017
B7. 2017 46
B8. 40 100 47 2017
2017 11 10 2017 48
42 78 154 16 17 30 49 2017
(i)39(ii) 39 3,095,700,000 4,233,200,000 202,300,000 1,339,800,000 Sheldon Trainor-DeGirolamo 84 Sheldon Trainor-DeGirolamo 2017 50
352 (1) * 1,554,954,046 24.81% 401,653,780 (1) 6.41% 129,690,066 (2) 2.07% 2,086,297,892 33.29% 112,704,500 (3) 1.80% Sheldon Trainor-DeGirolamo 15,887,159 0.25% 70,631,345 (4) 1.13% 86,518,504 1.38% 600,000 0.01% 8,120,579 0.13% 934,269,609 (5) 14.91% 51 2017
1. All Landmark 2. 129,690,066 3. Grand Bright 4. PacBridge Capital Partners (HK) Limited Sheldon Trainor-DeGirolamo 5. UBS Nominees Limited Earth Group Ventures Ltd.UBS TC (Jersey) Ltd. EarthEarth * (2) * 1,458,631,654 23.27% 319,696,000 ( ) 5.10% 1,778,327,654 28.37% All Landmark * XV352 2017 52
30% 12 1% 12 0.1% 5,000,000 30 (i)(ii) (iii) 623,217,787 9.9% 53 2017
9 40 9 40 9 40 2017 54
336 (1) * All Landmark 401,653,780 (1) 6.41% 129,690,066 2.07% 1,956,607,826 (2) 31.22% 2,086,297,892 33.29% Elite Success 662,599,750 10.57% 31,738,429 0.51% 662,599,750 (3) 10.57% 694,338,179 11.08% 662,599,750 (3) 10.57% 31,738,429 (4) 0.51% 694,338,179 11.08% 75,664,000 1.21% 934,269,609 (5) 14.91% 2,835,000 (6) 0.05% 1,012,768,609 16.17% Earth Group Ventures Ltd. 934,269,609 (6) 14.91% UBS TC (Jersey) Ltd. 934,269,609 (6) 14.91% 55 2017
1. All Landmark 2. 1,956,607,826 3. Elite Success 44.5% 4. 31,738,429 5. UBS Nominees Limited Earth Group Ventures Ltd.UBS TC (Jersey) Ltd. EarthEarth 6. * (2) * 1,778,327,654 (1) 28.37% All Landmark 319,696,000 (2) 5.10% 1. 1,778,327,654 2. All Landmark * 336 2017 56
3.13 (i) All LandmarkGrand Bright 51% (ii) Sheldon Trainor-DeGirolamo 13.18 All LandmarkGrand Bright Elite Success 51% 57 2017
(1) 2,200,0002,200,000 2,700,000 200,000 (2) 2017 58
Adrian Pinto-MarquesEmiko Mito Pinto-Marques Adriano Dillon Guerrero Pinto-Marques 3,600,0004,500,0006,500,000 9,800,00010,300,00012,400,000 2,600,000 8,900,000 (3) 2,600,0003,200,0003,200,000 59 2017
700,000 (4) Frank Wong (3) Frank WongFrank Wong Sheldon Trainor-DeGirolamo Frank Wong 6,000,00022,000,000 16,500,000 2,800,000 (1) (a) (b) (c) 2017 60
(d) 105,700,000117,100,000 154,800,000 13.7 37.2 4.0 18.2 73.1 (2) 61 2017
Tang Lai Ngo 55,500,00061,000,00077,000,000 2,000,000 (i) (ii) (iii) 14A.56 3000 740 14A.56 225 230 2017 62
7.1% 3.4% (i) (ii) (iii)(iv) (v) (i) (a) (b) 100% 57% 63 2017
(ii) (a)(b)(c) 100,000 2017 64
(iii) (a)(b)(c) 10 2% 65 2017
(iv) (a)(b)(c) (v) (a) (b) (i) (ii) (iii) 2017 66
230 14A 14A (i) 14A.52 (ii) 14A.53 (i) (ii) (iii) 3000 740 14A.56 21 23 (1) 2% 40%15% 2% 55% 42%15% 57% 67 2017
(2) (3) (4) (5) (i)(ii) 2017 68
(6) 6/2002 4.1 27/2009 (7) (8) (a) (b) (c) 69 2017
(d) (e) (f) (g) 25% 19.04% 2017 70
58.1% 50.8% 35.1% 24.3% 5% All Landmark Grand Bright 71 2017
78 153 2017 72
4 21 681,986,000 73 2017
4 24 79,458,000 2017 74
22 697,824,000 4 75 2017
2017 76
77 2017
5 1,836,057 1,471,461 (1,341,174) (1,058,447) 494,883 413,014 7 (65,442) 21,702 (183,791) (154,325) (576,138) (513,522) 8 (103,751) (23,491) 11 (434,239) (256,622) 12 (73,102) (20,873) (507,341) (277,495) 51,222 (18,162) (456,119) (295,657) 14 (8.1) (4.4) 2017 78
16 340,133 358,287 17 6,428,651 6,541,742 18 1,299,223 1,728,821 19 681,986 681,986 20 288,412 314,704 22 750,360 847,936 9,788,765 10,473,476 23 39,959 44,687 18 42,723 54,416 24 402,554 466,788 25 8,086 21,088 25 235,625 207,878 728,947 794,857 15 1,159,112 1,888,059 794,857 26 1,308,058 949,516 1,650 1,650 27 1,447,447 1,042,932 2,757,155 1,994,098 15 727,230 3,484,385 1,994,098 (1,596,326) (1,199,241) 8,192,439 9,274,235 79 2017
27 1,019,830 2,410,235 28 771,234 29 165,070 171,576 1,956,134 2,581,811 6,236,305 6,692,424 30 626,758 626,758 5,609,547 6,065,666 6,236,305 6,692,424 78 153 Sheldon Trainor-DeGirolamo 2017 80
636,676 4,328,340 (323,835) 18,666 2,433,244 7,093,091 (277,495) (277,495) (18,162) (18,162) (18,162) (277,495) (295,657) (9,918) (95,092) (105,010) (18,666) 18,666 626,758 4,233,248 (323,835) (18,162) 2,174,415 6,692,424 (507,341) (507,341) 51,222 51,222 51,222 (507,341) (456,119) 626,758 4,233,248 (323,835) 33,060 1,667,074 6,236,305 81 2017
(434,239) (256,622) (84) (18,951) 103,751 23,491 (381) 148 291 (29) 14,295 11,872 390,825 267,372 427 986 121,118 34,861 33,705 11,996 54,443 54,170 297,303 116,142 1,386 1,420 23,507 (32,066) 106,741 (14,423) 428,937 71,073 (79,608) (27,504) 349,329 43,569 (470,395) (1,849,038) (150,547) (78,523) (6,415) 660,000 19,417 3,742 84 24,816 29 302,536 41 41 (317,854) 52,144 (1,914,292) 2017 82
(1,001,000) (614,000) (238,766) (122,097) (118,805) 1,010,000 (105,010) (351,863) (837,815) 49,610 (2,708,538) 207,878 2,918,231 4,772 (1,815) 262,260 207,878 235,625 207,878 26,635 262,260 207,878 83 2017
1. 22 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 42 15 41 1,596,326,0001,199,241,000 ) 238,316,000892,094,000 ) (i) 660,000,000 15340,000,000 3,600,000,00015 (ii) 2017 84
2. 7 12 12 7 (i)(ii) (iii)(iv) (v) 38 38 85 2017
2. 9 1 15 1 16 2 17 4 1 22 2 23 2 1 4 4 9 1 9 2 10 3 28 28 2 28 1 40 1 2 1 2 3 4 2017 86
2. 9 9 9 9 9 39 9 9 39 9 9 39 87 2017
2. 15 15 1518 11 15 5 1 2 3 4 5 15 15 15 15 15 15 2017 88
2. 16 16 1617 16 16 17 16 16 17 16 3336,267,000 16 1,179,000 27,598,000 1716 89 2017
3. 217 2 36 2017 90
3. 12 19 91 2017
3. 2 5 2017 92
3. 93 2017
3. (i) (ii) 2017 94
3. 95 2017
3. 2017 96
3. 97 2017
3. 2017 98
3. 99 2017
3. 2017 100
3. 101 2017
3. 4. 681,986,000 21 2017 102
4. 79,458,000 229,807,000 697,824,000 697,824,000 340,133,000 243,967,000 1,321,735,000 1,364,045,000 5,969,478,000 5,268,675,000 288,412,000 314,704,000 103 2017
5. (i) 3) 6) 795,232 652,089 * 156,366 200,231 12,037 9,118 963,635 861,438 (ii) 106,237 38,596 41,962 16,828 98,266 35,555 246,465 90,979 1,210,100 952,417 283,682 206,964 103,121 106,854 48,442 54,324 169,388 127,553 13,092 13,851 8,232 9,498 625,957 519,044 1,836,057 1,471,461 * 2017 104
6. 8 1 2 41 8 105 2017
6. 1,210,100 625,957 1,836,057 1,836,057 212,103 212,103 (212,103) 1,210,100 838,060 2,048,160 (212,103) 1,836,057 138,270 (293,753) (155,483) (155,483) (101,266) (73,547) (192) (103,751) (434,239) 2017 106
6. 952,417 519,044 1,471,461 1,471,461 70,695 70,695 (70,695) 952,417 589,739 1,542,156 (70,695) 1,471,461 152,061 (171,451) (19,390) (19,390) (101,062) (112,829) 150 (23,491) (256,622) 3 107 2017
6. 43,173 318,037 29,615 390,825 12,702 1,593 14,295 34,861 34,861 19,246 35,197 54,443 27,634 20,507 48,141 291 291 427 427 13,665 107,453 121,118 40,620 196,185 30,567 267,372 10,279 1,593 11,872 33,705 33,705 18,973 35,197 54,170 89,792 9,602 99,394 (29) (29) 986 986 2017 108
6. 1,567,379 1,373,255 8,573,220 9,364,642 268,678 98,206 333,514 295,207 882,031 813,627 1,836,057 1,471,461 9,788,765 10,473,476 933,133,000 816,649,00010% 7. (121,118) 55,001 (11,996) (427) (986) 1,628 (3,827) 84 18,951 11,386 7,564 (65,442) 21,702 109 2017
8. 96,923 112,282 32,575 15,110 20,045 2,708 1,350 147,316 133,677 (43,565) (110,186) 103,751 23,491 4.0% 3.5% 2017 110
9. Sheldon Trainor- DeGirolamo 500 480 480 1,460 8,000 2,500 2,000 380 2,000 380 15,260 3,419 208 167 167 32 35 35 35 4,098 17 17 11,419 2,708 2,184 380 2,167 412 535 515 515 20,835 500 480 480 1,460 8,622 2,500 2,311 127 2,000 116 15,676 2,986 208 167 167 11 35 35 35 3,644 17 17 11,608 2,708 2,495 127 2,167 127 535 515 515 20,797 111 2017
9. 2017 112
9. * 190 191 * Adrian Pinto-Marques Emiko Mito Pinto- MarquesAdriano Dillon Guerrero Pinto-Marques 2,646 2,455 8,856 * 667 2,454 113 2017
9. * 73,061 60,367 * Tang Lai Ngo 1,984 15,500 * Frank Wong Sheldon Trainor-DeGirolamo 2,750 2017 114
9. * 14A 14A 10. 17,090 18,592 4,200 3,761 17 35 21,307 22,388 2,000,0012,500,000 2 2 2,500,0013,000,000 2 1 3,000,0013,500,000 1 11,000,00111,500,000 1 11,500,00112,000,000 1 5 5 115 2017
11. 9 20,835 20,797 452,776 277,941 8,335 6,434 481,946 305,172 291 (29) 1,693,000 537,000 33,168,000 33,168,000 34,861 33,705 3,530 3,262 78,775 54,916 14,295 11,872 390,825 267,372 5,560 5,146 48,141 99,394 54,443 54,170 (103,121) (106,854) 14,295 11,872 (88,826) (94,982) 2017 116
12. (1,650) (1,650) (77,958) (25,854) (79,608) (27,504) 29 6,506 6,631 (73,102) (20,873) 12% 16/2001 28 2 30/2004378/2011 329/2016 1,700,0001,650,000 Savan Legend Resorts Sole Compay Limted Savan Legend Savan Legend 10,000,000 77,958,000 Savan Legend Savan Legend 117 2017
12. (434,239) (256,622) 12% 52,109 30,795 (157,671) (99,743) 34,574 14,200 115,636 102,978 (38,142) (41,599) (77,958) (25,854) (1,650) (1,650) (73,102) (20,873) 1,007,249,000 760,444,000 71,045,000 247,182,000 (i) (ii) 13. 2017 118
14. (507,341) (277,495) 6,267,576 6,294,988 39 119 2017
15. 4,600,000,000 110,480 598,385 388,868 588 4,147 30,009 26,635 1,159,112 (660,000) (67,230) (727,230) 2017 120
16. 462,840 106,621 ( 15) (192,031) 377,430 92,681 11,872 104,553 14,295 ( 15) (81,551) 37,297 340,133 358,287 50 27 31 1,299,000,000 3,181,000,000 121 2017
16. 1,299,000 3,181,000 2017 122
17. 2,627,289 97,500 514,392 988,608 8,601 5,973 269,830 826,983 5,339,176 21,001 19,399 24,343 17,989 2,288,156 2,370,888 41 150,570 14,106 679 50,429 720 216,504 (11,006) (122) (1,501) (171) (12,800) 54,927 68 84,070 (139,065) (5,349) (495) (23) (1,757) (1,000) (8,624) 2,827,437 97,500 538,066 1,091,955 32,099 5,973 336,320 2,975,794 7,905,144 107,381 22,506 1,536 72,455 866,944 1,070,822 (15,963) (38,494) (24,579) (1,122) (26,039) (39,112) (145,309) 2,890,398 80,049 131,039 9,671 (3,217,778) (106,621) 15 (594,527) (95,975) (495,134) (198,446) (495) (1,384,577) 15,485 1,458 70 5,236 12,229 34,478 5,122,830 97,500 592,485 725,787 32,583 5,973 199,197 597,582 7,373,937 289,887 53,830 148,181 462,530 5,446 100 148,041 1,108,015 74,906 12,186 61,252 94,440 6,079 597 17,912 267,372 (10,047) (122) (1,501) (115) (11,785) (66) (23) (3) (108) (200) 364,727 66,016 199,363 556,848 10,021 697 165,730 1,363,402 144,682 12,188 88,701 114,630 5,412 597 24,615 390,825 (363) (11,649) (7,459) (1,122) (3,171) (23,764) 15 (179,140) (75,105) (352,022) (179,925) (786,192) 674 230 10 101 1,015 330,580 78,204 201,540 311,997 14,321 1,294 7,350 945,286 4,792,250 19,296 390,945 413,790 18,262 4,679 191,847 597,582 6,428,651 2,462,710 31,484 338,703 535,107 22,078 5,276 170,590 2,975,794 6,541,742 123 2017
17. 2% 12.5% 5% 50% 10% 33% 10% 25% 10% 5% 15% 10% 20% 5,059,666,000 2,320,903,000 4,644,280,000 2,320,903,000 415,386,000 27 31 55,001,000 2017 124
18. 1,710,603 1,764,648 20,211 18,589 1,730,814 1,783,237 1,299,223 1,728,821 42,723 54,416 388,868 1,730,814 1,783,237 1,710,603,000 1,764,648,000 27 31 19. 681,986 21 125 2017
20. 274,142 26,053 17,372 317,567 41 82,270 82,270 (2,912) (2,912) 79,358 274,142 26,053 17,372 396,925 8,695 8,695 88,053 274,142 26,053 17,372 405,620 37,196 6,796 4,532 48,524 537 25,616 4,531 3,021 33,705 (8) (8) 529 62,812 11,327 7,553 82,221 1,693 25,616 4,531 3,021 34,861 126 126 2,348 88,428 15,858 10,574 117,208 85,705 185,714 10,195 6,798 288,412 78,829 211,330 14,726 9,819 314,704 2017 126
20. 2% 21. 48.2% 3.0% 3.0% 15.4% 15.6% 127 2017
22. 22,724 125,631 (i) 697,824 697,824 (ii) 29,812 24,481 750,360 847,936 (i) (ii) 11,610,000 9,615,000 25 23. 6,754 8,727 20,811 22,689 12,394 13,271 39,959 44,687 2017 128
24. 188,795 346,624 (14) (14) 188,781 346,610 135,871 47,722 37,171 35,234 40,731 37,222 402,554 466,788 79,458,000 229,807,000 221,000 6,877,000 94,620,000 93,678,000 129 2017
24. 3030 15 3 103,290 128,179 3 6 8,149 42,572 6 1 3,588 22,001 1 73,754 153,858 188,781 346,610 94,161,000 252,932,000 1 3 8,670 34,508 3 6 8,149 42,565 6 1 3,588 22,001 1 73,754 153,858 94,161 252,932 2017 130
24. 14 14 11,996 (11,996) 14 14 14,000 14,000 164,352,000 117,983,000 27 31 25. 0.62% 0.82% 0.001% 0.001% 149,919,000 39,122,000 131 2017
26. 48,962 41,808 818,699 513,136 189,338 178,984 44,272 26,264 27,598 45,889 26,000 111,180 110,484 42,009 32,951 1,308,058 949,516 3 47,037 39,952 3 6 306 622 6 1 616 1,192 1 1,003 42 48,962 41,808 2017 132
27. i iii 2,409,777 3,394,667 ii 57,500 58,500 2,467,277 3,453,167 1,447,447 1,042,932 1,019,830 2,410,235 2,467,277 3,453,167 (i) 1,389,947 984,432 1,019,830 1,390,490 1,019,745 2,409,777 3,394,667 (1,389,947) (984,432) 1,019,830 2,410,235 4,221,000,000 1,324,000,000 2,897,000,000 2.5% 2.5%3.41% 3.02% 133 2017
27. (i) (a) 16 17 18 (b) (c) 25 (d) (e) (f) (ii) (iii) 2,409,777,000 3,394,667,000 28. 2017 134
29. 3,935 34,894 139,378 178,207 (190) (2,216) (4,225) (6,631) 3,745 32,678 135,153 171,576 (191) (2,091) (4,224) (6,506) 3,554 30,587 130,929 165,070 30. 0.10 10,000,000,000 1,000,000 6,366,761,120 636,676 (99,185,000) (9,918) 6,267,576,120 626,758 135 2017
30. 54,615 1.04 0.97 54,903 1,206 1.10 1.07 1,301 5,574 1.13 1.04 6,015 2,957 0.95 0.94 2,824 5,092 1.01 0.94 4,981 2,851 1.07 1.02 2,975 12,631 1.10 1.03 13,560 10,071 1.39 1.08 12,504 1,777 1.61 1.57 2,827 2,411 1.32 1.26 3,120 99,185 105,010 2017 136
31. 450,613 358,287 5,059,666 2,320,903 1,710,603 1,764,648 164,352 117,983 8,086 21,088 7,393,320 4,582,909 110,480 415,386 388,868 17,999 932,733 137 2017
32. 5% 1,500 8,352,000 6,451,000 2017 138
33. 6,430 10,452 9,291 12,136 20,546 17,868 36,267 40,456 18 25 75 92,175 101,716 287,101 297,337 54,073 112,069 433,349 511,122 139 2017
34. 238,316,000 892,094,000 35. 36. 2730 2017 140
37. 609,094 648,868 4,546,569 4,402,683 (i) 141 2017
37. (i) 5050 50 15,905,000 16,973,000 (ii) 192,757 230,634 8,174 3,856 70,077 44,907 2017 142
37. (ii) 1,052,904 693,527 822 1,769 22,126 1,131 10,032 43 3%3% 1,439 1,313 143 2017
37. 37% 15% 19% 31% 2017 144
37. 1 1,596,326,000 1,199,241,000 1 3 31 1 2 2 5 % 1,365,558 1,365,558 1,365,558 3.66% 317,186 1,135,145 1,026,031 952,474 3,430,836 3,181,011 1,682,744 1,135,145 1,026,031 952,474 4,796,394 4,546,569 1,008,016 1,008,016 1,008,016 2.92% 224,629 863,549 1,449,385 1,025,748 3,563,311 3,394,667 1,232,645 863,549 1,449,385 1,025,748 4,571,327 4,402,683 145 2017
37. 38. 27 28 23,833 3,453,167 3,477,000 (122,097) (1,001,000) 771,234 (351,863) 132,206 15,110 147,316 33,942 2,467,277 771,234 3,272,453 2017 146
39. 2 25,296,468 25,296,468 24,412,724 18,666,000 40. 9 147 2017
41. 42,000,000 325,920,000 33 216,504 19,400 82,270 9,627 4,542 8,066 (14,489) 325,920 325,920 325,920 (8,066) 317,854 2017 148
41. 12,788,000 4,542,000 4,542,000 4,542,000 12,586,000 98,206,000 1,594,038,000 195,541,000 149 2017
42. * 1,000,000 100% 100% 100,000 100% 100% Macau Legend Development (Hong Kong) Limited* 1 100% 100% * 10,000,000 100% 100% 100,000 100% 100% The Legend Club Limited 130,000 100% 100% MLD Cabo Verde Entretenimento, S.A. 2,500,000 100% 100% MLD Cabo Verde Resorts, S.A. 2,500,000 100% 100% Savan Legend Resorts Sole Company Limited 336,000,000,000 100% 100% * 100%80% 20% 2017 150
42. 100% 151 2017
43. 4,247,029 4,247,021 697,824 697,958 4,944,853 4,944,979 14,327 13,050 355,206 1,276,050 2,125 2,955 371,658 1,292,055 2,267 973 1,591,749 2,502,177 1,594,016 2,503,150 (1,222,358) (1,211,095) 3,722,495 3,733,884 626,758 626,758 3,095,737 3,107,126 3,722,495 3,733,884 2017 152
44. 4,328,340 202,312 18,666 (1,336,071) 3,213,247 (11,029) (11,029) (95,092) (95,092) (18,666) 18,666 4,233,248 202,312 (1,328,434) 3,107,126 (11,389) (11,389) 4,233,248 202,312 (1,339,823) 3,095,737 153 2017
1,836,057 1,471,461 1,436,143 1,811,112 1,763,754 (1,341,174) (1,058,447) (1,015,609) (881,828) (777,179) 494,883 413,014 420,534 929,284 986,575 (65,442) 21,702 2,047 138,715 62,695 (183,791) (154,325) (133,883) (89,511) (44,156) (576,138) (513,522) (477,436) (415,649) (439,593) (103,751) (23,491) (84,749) (88,877) (58,971) (434,239) (256,622) (273,487) 473,962 506,550 (73,102) (20,873) 4,979 4,979 3,329 (507,341) (277,495) (268,508) 478,941 509,879 11,676,824 11,268,333 11,864,772 12,537,920 7,813,406 (5,440,519) (4,575,909) (4,771,681) (5,078,228) (2,216,929) 6,236,305 6,692,424 7,093,091 7,459,692 5,596,477 2017 154
519-597 38-78-B 565-605-C 100% 100% 155 2017
Savan Legend EBITDA All Landmark All Landmark Properties Limited 14 24,412,724 Elite Success Elite Success International Limited 44.5% 2017 156
4,221,000,000 Grand Bright Grand Bright Holdings Limited 66 2 /3% 66 2 /3% 157 2017
10 2017 158
Savan Legend Savan Legend Resorts Sole Company Limited Savan Legend 571 0.1 549-567 159 2017
% 2017 160