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3 31 2016 2017 2017 7 31 2017 4 1 72 55 16 31 10 4 2 1 13.9% 7.3% 0% 6.5% 2 168.8 193.6 40.9 (1) (2) 2016 3 312017 3 312017 7 31 13.6% 16.0% 17.0% 2016 9 101.2 2016 3 312017 3 31 5

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3 31 7 31 2016 2017 2016 2017 % % % % 72,556 68.3 79,453 58.7 21,228 61.4 38,581 69.4 24,062 22.7 39,972 29.5 8,958 25.9 12,690 22.8 8,135 7.7 10,427 7.7 3,199 9.2 3,634 6.5 1,416 1.3 5,490 4.1 1,211 3.5 710 1.3 106,169 100.0 135,342 100.0 34,596 100 55,615 100 3 31 7 31 2016 2017 2016 2017 11,132 18,815 3,313 558 18,159 (17,668) (10,338) (7,727) (9,413) 5,491 (5,215) 695 (5,347) (1,644) (797) 5,876 3,399 (13,821) (16,350) (1,156) 33,276 19,455 16,926 18,299 10

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PO Box 1350, Clifton House, 75 Fort Street, Grand Cayman KY1-1108, Cayman Islands 27 13 2 H9 17-19 12 A H9 17-19 12 A 57

Estera Trust (Cayman) Limited PO Box 1350, Clifton House, 75 Fort Street, Grand Cayman KY1-1108, Cayman Islands 183 22 1 www.vistarholdings.com ( ) 58

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20112021 350,000 1961 40 2,000 1990 60

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(i) (ii) (iii) (iv) 62

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20112021 0 5,000 10,000 15,000 20,000 25,000 11,890.4 3,745.5 5,112.9 3,032.1 2014 10,552.3 3,482.3 4,432.0 2,638.1 2013 10,996.7 3,678.4 4,508.7 2,809.7 2012 10,766.7 3,929.8 4,091.3 2,745.5 2011 7,253.7 2,538.8 2,901.5 1,813.4 2021 7,108.5 10,974.5 6,859.1 2020 22,053.1 6,505.7 9,593.1 5,954.3 2019 21,147.8 6,238.6 9,305.0 5,604.2 2018 19,153.4 5,937.6 8,236.0 4,979.9 2017 16,367.4 5,065.7 7,119.8 4,181.9 2016 14,050.6 4,566.4 5,831.0 3,653.2 2015 24,942.0 2016 2021 12.2% 15.0% 15.0% 12.5% 1116 16 21 20112016 14.1% 13.4% 13.5% 9.3% 20117,253.7 2016 14,050.614.1% 20122013 2014 2021 24,942.0 20162021 12.2% 20111,813.4 2016 3,653.215% 30 20163,653.2 20216,859.1 13.4% 64

2011 2,901.5 15.0% 20165,831.0 2016 5,831.0 202110,974.513.5% 2011 2,538.8 20164,566.412.5% 20217,108.59.3% 2017 8.6 65

2030+2030 2007 66

2011 735.5 2016 1,032.0 7.0% 20162021 6.6% 67

20112021 1,500 1,000 500 0 2012 2011 2021 2020 2019 2018 2017 2016 2015 2014 2013 1,420.5 1,349.5 1,247.4 1,183.4 1,102.5 1,032.0 998.6 897.8 894.4 795.6 735.5 +6.6% +7.0% 13.3% 20162021 11.3% 20112021 345.3 321.4 289.4 261.3 228.4 202.2 178.4 138.4 120.9 109.8 108.3 350 300 250 200 150 100 50 0 011 2 2016 2017 2015 2014 2013 2012 +13.3% +11.3% 2021 2020 2019 2018 300 68

2016162.1 1.2% 2017 6365 55 17 2.3I38II 69

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8. (SRS) 2014 (SRS) 2016 7 (a) (b) (c) R1 (a) (b) R2 (a) R3 (a) (b) 583 83

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3 31 2017 7 3 31 1 2 2016 2017 31 2018 2019 2 508 2015/11 2018/03 11,890 355 2,058 2,007 4,420 9,477 55-57 2016/12 2018/09 11,194 20 20 7,161 4,033 650 2015/08 2017/11 12,779 4,689 6,104 10,793 8,090 255 2016/07 2018/07 10,500 636 855 1,491 5,821 4,043 56A 565 2015/11 2017/10 16,016 323 13,933 1,760 16,016 1,760 56A 567 2015/11 2017/11 25,350 884 13,001 9,373 23,258 11,465 427 2015/07 2017/08 15,267 1,042 11,633 1,764 14,439 2,592 117

3 31 2017 7 3 31 1 2 2016 2017 31 2018 2019 1 11228 2015/06 2017/10 10,645 1,275 7,057 2,219 10,551 2,313 122 2015/04 2017/11 39,159 2,255 34,745 2,159 39,159 2,159 2 3 6514 2017/08 2019/08 47,780 1,000 30,666 3 778 2017/11-2021/03 32,555 18,349 435,821 6,134 94,362 39,729 140,225 126,308 178,697 1. 2. 118

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3 31 2016 2017 2017 7 31 1 1 2 667 591 165 194 168 55 3 1 667 591 165 194 168 55 4 1. 2. 3. (i) (ii) (iii) (iv) 4. 121

2017 3 31 7 31 2016 2017 5,559 1 43,819 49,145 17,357 3,196 3,638 1,849 5,559 43,819 49,145 17,357 3,196 3,638 1,849 2 1. 2. 122

10 1 3 31 2017 7 31 2016 2017 2011/11 2015/09 30,417 5,559 5,559 1. 2017 4 1 2017 7 31 2017 8 1 2018 3 31 2019 3 31 39 15 12,700 10 1,891 3,100 32 770 7,300 5,400 1,100 1,300 700 123

2017 8 3Guardian Team Guardian Team 1 2 Guardian Team 124

(i) (ii) 1 4 12 24 1 1 12 125

1 (i) (ii) 1 1 (i) (ii) 1 126

(a) 127

(b) 128

15 45 14 21 30 50% 10% 5% 129

10% 20162017 3 312017 7 31 27.5 29.6 27.5 130

2016 3 312017 3 31 2017 7 31 1,4761,595659 3 31 2016 2017 2017 7 31 2017 4 1 72 55 16 31 10 4 2 1 13.9% 7.3% 0% 6.5% 2 168.8 193.6 40.9 131

(1) (2) 2016 3 312017 3 31 2017 7 31 13.6% 16.0% 17.0% 2016 9 101.2 2017 3 31 2016 3 31 (i) (ii) (iii) (iv) (v)(vi) (vii) (viii) 132

(i) (ii) (iii) 15 45 30 50% 14 (i) (ii)(iii) (iv) (v) 2016 3 312017 3 31 2017 7 31 312831 133

889 3 31 7 31 2016 2017 2016 2017 % % % % 117,730 95.8 152,343 94.5 38,956 96.4 65,061 97.1 5,119 4.2 8,824 5.5 1,473 3.6 1,947 2.9 122,849 100 161,167 100 40,429 100 67,008 100 20162017 3 31 2017 7 31 66.7 84.0 30.8 54.3% 52.1% 45.9% 19.3 34.7 9.615.7% 21.5% 14.3% 134

2016 3 31 2016 3 31 % 1 A 2007 570 20 18 19,270 15.7 2 B 1982 40 2 18,263 14.9 135

2016 3 31 % 3 C 1997 14 14 10,455 8.5 4 D 1974 13 12 10,179 8.3 5 E 1961 590 15 8,497 6.9 66,664 54.3 136

2017 3 31 2017 3 31 % 1 F 1993 3,500 F 16 34,745 21.5 2 A 19 14,183 8.8 3 G G G 20 8,000 15 13,956 8.7 4 H 1973H 8 13,001 8.1 5 C 15 8,076 5.0 83,961 52.1 137

2017 7 31 2017 7 31 % 1 H 1973H 8 9,596 14.3 2 J 2011J 20 7,413 11.1 3 K 2011K 2 6,104 9.1 4 L 1974L 1984 1 4,047 6.0 5 M 1973M 13 3,632 5.4 30,792 45.9 138

5% 2016 3 31 2016 3 31 % 1 A 18 24,829 14.8 2 B 2 18,263 10.8 3 C 14 10,455 6.2 4 D 12 10,179 6.0 5 I 1992 6 9,305 5.5 73,031 43.3 139

2017 3 31 2017 3 31 % 1 F 16 46,528 22.5 2 A 19 14,183 6.8 3 G 15 13,956 6.7 4 H 8 13,001 6.3 5 C 15 8,076 3.9 95,744 46.2 140

2017 7 31 2017 7 31 % 1 H 1973H 8 9,596 11.4 2 N 1999N 16 7,705 9.1 3 J 2011J 20 7,413 8.8 4 K 2011K 2 6,104 7.2 5 L 1974L 1984 1 4,047 4.8 34,865 41.3 141

142

30% 50% 143

10% 5% 10% 144

20162017 3 31 2017 7 31 12.1 19.3 6.950.3% 48.3% 54.4% 20162017 3 31 2017 7 31 3.4 5.6 2.6 14.1% 14.0% 20.5% 145

2016 3 31 2016 3 31 % 1 A 1847 190 9 3,375 14.1 2 B 1984 10 2,843 11.8 3 C 1965 9 2,341 9.7 4 D 5 1,838 7.6 5 E 1980 1885 150 10 1,704 7.1 12,101 50.3 146

2017 3 31 2017 3 31 % 1 B 1984 11 5,616 14.0 2 F 2012 4 4,364 10.9 3 C 1965 10 3,951 9.9 4 A 1847 190 10 2,762 6.9 5 G 1978 3 2,622 6.6 19,315 48.3 147

2017 7 31 2017 7 31 % 1 B 1984 2 G 1978 3 C 1965 11 2,602 20.5 3 1,448 11.4 10 1,029 8.1 4 H 1996 5 A 1847 190 6 978 7.7 10 849 6.7 6,906 54.4 5% 148

2016 3 31 2016 3 31 % 1 F 2012 3 6,231 17.0 2 A 1847 190 3 E 1980 1885 150 9 3,375 9.3 10 3,266 9.0 4 B 1984 5 C 1965 10 3,155 8.7 9 2,342 6.4 18,369 50.4 149

2017 3 31 2017 3 31 % 1 B 1984 2 F 2012 3 C 1965 4 G 11 6,783 14.7 4 4,963 10.8 10 3,951 8.6 1 3,020 6.5 5 A 1847 190 10 2,762 6.0 21,479 46.6 150

2017 7 31 2017 7 31 % 1 B 1984 2 G 1978 3 C 1965 11 2,859 19.0 3 1,448 9.6 10 1,047 7.0 4 H 1996 5 A 1847 190 6 978 6.5 10 849 5.6 7,181 47.7 151

30 90 152

1 14 20162017 3 31 2017 7 31 48.1 41.0 22.1 66.4% 51.6% 57.4% 17.0 9.6 7.0 23.4% 12.0% 18.2% 153

2016 3 31 2016 3 31 % 1 A 2011 5 16,965 23.4 2 B 2008 4 9,737 13.4 3 Ying Fai Co. Ltd. 2013 2 9,700 13.4 4 5 C 2003 13 6,760 9.3 9 4,979 6.9 48,141 66.4 154

2017 3 31 2017 3 31 % 1 B 2008 6 9,596 12.0 2 A 2011 6 8,988 11.3 3 D 14 7,937 10.0 4 C 2003 10 7,309 9.2 5 Ying Fai Co. Ltd. 2013 3 7,200 9.1 41,030 51.6 155

2017 7 31 2017 7 31 % 1 G 6 7,009 18.2 2 B 2008 6 4,883 12.7 3 A 2011 6 4,299 11.1 4 H 5 D 1 2,972 7.7 14 2,955 7.7 22,118 57.4 Ying Fai Co., Ltd. Ying Fai Co., Ltd. Wai Po Fire Engineering Inc.Wai Po Fire Engineering Inc. 2017 2 13 5% 156

2016 3 31 2016 3 31 % 1 A 2011 5 17,765 18.6 2 C 2003 9 16,089 16.8 3 B 2008 5 9,737 10.2 4 Ying Fai Co. Ltd. 2013 2 9,700 10.2 5 E 7 8,202 8.6 61,493 64.4 157

2017 3 31 2017 3 31 % 1 F 2 C 2003 1 21,206 19.4 10 11,801 10.8 3 B 2008 6 9,596 8.7 4 A 2011 6 8,988 8.2 5 D 14 7,937 7.2 59,528 54.3 158

2017 7 31 2017 7 31 % 1 G 6 7,009 13.6 2 F 3 B 2008 1 6,484 12.6 6 4,883 9.5 4 I 5 A 2011 8 4,336 8.4 6 4,299 8.2 27,011 52.3 159

160

161

10% 50% 50% ISO 9001:2008 ISO 9001:2008 162

163

(i) (ii) (iii) 1 (1) (2) (1) 1979 6 26 (2) 2014 3 12 2 (1) (2) (1) 1979 6 26 (2) 2014 3 12 164

2015 6 24 2018 7 9 (1) 1 2016 4 13 1 2019 6 11 (2) 2 2015 3 25 2 2018 5 29-241 2017 6 5 2018 8 6 1992 8 18 II 2016 7 21 2018 7 20 AII III 2017 2 27 2020 1 27 II 165

(1) (1)1981 7 27 3 (2) (2) 1994 5 7 (3) (3) 2014 12 22 (1) (1) 2018 12 31 (2) (2) 2018 12 31 (3) Li Sun Chung (3) 2018 12 31 (4) But Man Yiu (4) 2018 12 31 B (1) 2500 (1) 2016 9 15 (1) 2019 9 14 (2) 2016 5 6 2019 5 5 (2) 2015 9 23 (2) 2018 9 22 5A400 3 8 166

ISO 9001 ISO 9001:2008 2010 2018 9 14 ISO 14001 ISO 14001:2004 2010 2018 9 14 OHSAS 18001 OHSAS 18001:2007 2010 2019 7 12 (i) (ii) ISO 9001:2008 ISO 14001:2004 OHSAS 18001:2007 2004 2005 2005 167

2006 2008 2010 2012 2016 ISO14001:2004 (i) (ii) 168

2016 3 312017 3 31 708486 3 31 2016 2017 5 5 5 6 7 16 15 15 10 19 21 32 25 36 23 70 84 86 169

485 20162017 3 31 2017 7 31 11.8 14.9 5.69.6% 9.2% 8.4% 170

2017 3 31 2017 7 31 1.1 1.6 0.5 (i) (ii) (iii) 171

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395 Wu Limei 2016 7 16 9 2018 7 15 6,500 9 37 430 2017 5 17 65 69 2019 5 16 18,931.5 9 G907 1991 326 2018 113.3 2018 3 3113.3 2017 3 31 0 13.3 2017 4 30 39,600 43,8000.02% 173

112 1. 52(4)29 56E 52(5)29 56F 52(4) 52(5) 2017 5 26 56E 2015 3 312015 8 15 2015 9 112015 12 15 2016 12 152017 2 15 2017 3 282017 4 24 2017 5 252017 5 26 2017 6 152017 6 16 2017 6 26 56F 80 52(4) 52(5) 10,000 2017 6 56E 56F 2017 7 1 56E 56F 56E 56F 52(4) 52(5) 174

57 2. 23 25A 8% 2017 7 17 63C 23 350,000 23 2017 7 1 175

5.01 5.0211.06 (i) (ii) 2017 7 32017 7 6 176

IR56E IR56F 112 57 177

(i) Success Step Success Step 34.9% (ii)alderhill Noble Capital Alderhill Noble Capital 32.6% Success Step Noble Capital 11.04 13.16A 178

179

2017 11 30Leung To Hong 6.6 4.3 Alderhill 180

181

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(b) 2017 2 13 20.07(2) Ying Fai Wai PoWai Po 20Ying Fai (c) 2016 3 31 2017 3 31 2017 7 31 2017 8 1 Ying Fai9.7 7.2 2.4 3.2 2018 2 12 2017 4 12018 2 12Ying Fai 8.0 (i) 2016 3 312017 3 319.7 7.2(ii)2017 4 12018 2 12 Ying Fai Ying Fai 2133 Ying Fai 0.8 1.6 (d) 20 5% 25% 10,000,000 20.74(2) Ying Fai 12 20.07(2) 12 2018 2 12 2018 2 12 187

(e) 2018 2 12 20.33 20.103 20.33 (f) i (ii) 188

XV2 3 10% 1 2 Success Step 3 4 418,500,000 34.9% 90,000,000 7.5% 508,500,000 42.4% 3 4 Deng Anna Man Li 5 508,500,000 42.4% 508,500,000 42.4% Noble Capital 4 6 391,500,000 32.6% 90,000,000 7.5% 481,500,000 40.1% 4 6 481,500,000 40.1% 4 6 481,500,000 40.1% 4 6 481,500,000 40.1% 189

1 2 Lau Sze Mun 7 481,500,000 40.1% Legend Advanced 8 90,000,000 7.5% 8 90,000,000 7.5% Roberts Christopher John 9 90,000,000 7.5% (1) (2) 1,200,000,000 (3) Success StepSuccess Step 418,500,0004 Legend Advanced 90,000,000 Success Step508,500,000 (4) 2018 1 25Legend Advanced Success Step Noble Capital Success Step Noble Capital Legend Advanced 90,000,000 (5) Deng Anna Man LiDeng Anna Man Li (6) Alderhill Noble Capital Alderhill Noble Capital 391,500,0004 Legend Advanced 90,000,000 Noble Capital481,500,000 190

(7) Lau Sze MunLau Sze Mun (8) Legend Advanced 40% 30% 30% Legend Advanced 90,000,000 (9) Roberts Christopher John Roberts Christopher John XV2 3 10% 191

60 2017 6 27 1981 8 27 50 2017 6 27 1991 7 6 50 2017 6 27 1998 3 10 57 2017 6 27 1986 12 23 192

59 2018 1 24 2018 1 24 57 2018 1 24 2018 1 24 38 2018 1 24 2018 1 24 193

31 2007 6 1 45 2004 12 2 53 1988 4 18 602011 3 25 2017 6 27 2017 7 17 1991 82000 6 1981 5 1985 10 1981 7 29 1981 1983 19841987Kart Gardens International Inc. 19871988Canadian Telecommunication Group Inc. 1989 11990 3 Core-Mark Distributors, Inc. 19901991Liquidation World Inc. 194

19912011 2011 1991 8 15 A.2.1 502006 6 15 2017 6 27 1991 7 1989 6 1998 12 1998 31994 5 7 C 25 2006 1991 7 2007 195

291 Heart Bright Limited 1996 5 21 2001 10 19 Time Sweet Limited 1996 5 16 2001 10 19 Winning Express Limited 1996 5 21 2002 9 6 50 2016 4 12017 6 27 2016 4 1985 12 20 1996 121997 5 General Engineering (China) Co. Ltd. 1997 7 1998 3 10 57 2017 6 27 1986 12 1985 91987 7 1990 6 25 1988 41994 1Rothmans (Far East) Limited 1994 21996 8 Tait (HK) Limited 1996 91997 7Pepsico. Inc. 1997 81998 12 196

1999 52005 4 Hudson Global Resources (HK) Limited 2005 42005 10 Agilent Technologies Hong Kong Limited 2005 112013 7Talent2 Shanghai Co., Limited 2014 12017 6Motiva Consulting Limited 2016 3 2 80522015 8 3The Chapman Consulting Group Limited 59 2018 1 24 1986 11 1993 7 1984 19921993 1987 1992 40 1976 121977 10Y.K. Auyeng and Associates 1977 111982 11 1982 121987 9High-Point CTMS (Far East) Limited Construct IT (Hong Kong) Limited 1987 9 2006 7 197

751 1998 1 2 2016 3 7 2016 7 15 57 2018 1 24 1984 11 1991 11 1998 1 271988 4 19 27 1986 41995 6 Hongkong Land Property Company Limited 19952012 Hongkong Land Group Limited 2013 12015 1 2016 62017 6 2017 6 38 2018 1 24 2001 7 2002 7 2002 9 2002 9 2007 2016 12 6 20162017 198

291AA 2012 5 14 2013 9 2 2014 1 24 (a) (b)17.50(2) (c) 45 2016 4 1 1993 11 2000 11 20 1993 1995 1995 2004 20042016 2016 199

31 2016 4 12007 7 2008 4 2008 8 42 2012 2 10 2007 6 12012 3 31 2012 4 12016 3 31 2016 4 1 53 1988 4 181986 7 B 30 1986 101988 3 37 2018 1 24 2003 6 2003 10 2009 5 2017 5 12 2016 5 2011 72016 5 2009 82011 4 2004 92009 3Deloitte Touche Tohmatsu 200

5.28 15C3 5.34 15B.1.2 15 A.5.2 201

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2018 3 31 3,036,000 6A.19 ; ; 203

(i) (ii) (iii) (iv) 20 ( 2018 3 31) 18.03 204

3,800,000,000 0.01 38,000,000 10,000 100 899,990,000 8,999,900 300,000,000 3,000,000 1,200,000,000 12,000,000 11.23(7) 25%300,000,000 25% E. 205

2018 1 24 8,999,9002018 1 24 899,990,000 (a) 20% (b) (a) (b) (c) 206

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2017 3 31207.12017 7 31 84.4 A 20162017 3 312017 7 31 5 209

(i);(ii) ; (iii) ; (iv); (v) ; (vi); (vii);(viii) 210

2016 2017 3 31 2017 7 31 72.6 79.5 38.6 68.3% 58.7% 69.4% 211

212

A 3 31 7 31 2016 2017 2016 2017 122,849 161,167 40,429 67,008 (106,169) (135,342) (34,596) (55,615) 16,680 25,825 5,833 11,393 1,842 1,084 297 212 (8,028) (8,736) (3,027) (3,363) (7,917) (232) (149) (47) (35) 10,262 18,024 3,056 290 (1,541) (3,037) (546) (1,322) 8,721 14,987 2,510 (1,032) 213

3 31 7 31 2016 2017 2016 2017 % % % % 79,622 64.8 116,224 72.1 24,297 60.1 51,101 76.3 38,810 31.6 40,554 25.2 14,965 37.0 14,532 21.7 4,417 3.6 4,389 2.7 1,167 2.9 1,375 2.0 122,849 100 161,167 100 40,429 100 67,008 100 2017 3 312016 3 31 31.2%38.3 36.6 1.7 2017 7 31 2016 7 31 65.7%26.6 26.8 214

3 31 7 31 2016 2017 2016 2017 % % % % 117,730 95.8 152,343 94.5 38,956 96.4 65,061 97.1 5,119 4.2 8,824 5.5 1,473 3.6 1,947 2.9 122,849 100 161,167 100 40,429 100 67,008 100 11 20162017 3 31 117.7 152.3 5.1 8.820162017 7 31 39.0 65.1 1.5 1.9 3 31 7 31 2016 2017 2016 2017 % % % % 72,556 68.3 79,453 58.7 21,228 61.4 38,581 69.4 24,062 22.7 39,972 29.5 8,958 25.9 12,690 22.8 8,135 7.7 10,427 7.7 3,199 9.2 3,634 6.5 1,416 1.3 5,490 4.1 1,211 3.5 710 1.3 106,169 100 135,342 100 34,596 100 55,615 100 215

68.3% 58.7% 69.4% ( ) (i)(ii) (iii) 3 31 7 31 2016 2017 2016 2017 % % % % 67,790 63.9 98,937 73.1 20,978 60.6 42,788 76.9 34,250 32.2 32,140 23.7 12,517 36.2 11,497 20.7 4,129 3.9 4,265 3.2 1,101 3.2 1,330 2.4 106,169 100 135,342 100 34,596 100 55,615 100 3 31 7 31 2016 2017 2016 2017 % % % % 101,562 95.7 127,967 94.6 33,309 96.3 54,183 97.4 4,607 4.3 7,375 5.4 1,287 3.7 1,432 2.6 106,169 100 135,342 100 34,596 100 55,615 100 216

10% 28% 66% 3 31 7 31 2016 2017 2016 2017 : +20% (14,511) (15,891) (4,246) (7,716) +10% (7,256) (7,945) (2,123) (3,858) -10% 7,256 7,945 2,123 3,858-20% 14,511 15,891 4,246 7,716 : +132% (31,762) (52,763) (11,825) (16,751) +66% (15,881) (26,382) (5,912) (8,375) -66% 15,881 26,382 5,912 8,375-132% 31,762 52,763 11,825 16,751 : +56% (4,556) (5,839) (1,791) (2,035) +28% (2,278) (2,920) (896) (1,018) -28% 2,278 2,920 896 1,018-56% 4,556 5,839 1,791 2,035 217

2017 7 31 (i) (ii) ; (iii) 2017 3 31 2016 3 31 16.0% 2017 3 31 2016 7 31 2017 7 3117.0% 2017 7 31 219

3 31 7 31 2016 2017 2016 2017 % % % % 1,583 85.9 797 73.5 249 83.8 190 89.6 74 4.0 7 0.6 83 4.5 50 4.6 29 9.8 28 1.5 54 5.0 15 0.8 119 11.0 2 0.9 57 3.1 57 5.3 19 6.4 19 9.0 2 0.2 1 0.5 1,842 100.0 1,084 100.0 297 100.0 212 100.0 Guarforce Engineering Consultants Ltd. GEC GEC 1% 2%GEC 20162017 3 31 2017 7 31 GEC 1.6 0.8 0.2 220

13.86155.24 13.86 2015 7 15 2016 7 15 2016 9 12 2017 9 12 GEC GEC GEC GEC (1) (2) GEC GEC (3) GEC (1) GEC (2) GEC GEC 221

(3) GEC GEC (1) GEC GEC (2) GEC (1) GEC (2) GEC GECGEC 222

3 31 7 31 2016 2017 2016 2017 % % % % 3,619 45.1 4,458 51.0 1,682 55.6 1,972 58.7 583 7.3 704 8.1 255 8.4 153 4.6 664 8.3 862 9.9 237 7.8 233 6.9 177 2.2 113 1.3 265 3.3 434 5.0 80 2.6 175 5.2 406 5.1 565 6.5 232 7.7 152 4.5 86 1.1 273 3.1 72 2.4 9 0.3 407 5.1 283 3.2 132 4.4 19 0.6 1,821 22.5 1,044 11.9 337 11.1 650 19.3 8,028 100.0 8,736 100.0 3,027 100.0 3,363 100.0 ISO 223

3 31 7 31 2016 2017 2016 2017 % % % % 196 84.5 124 83.2 47 100.0 27 77.1 36 15.5 25 16.8 8 22.9 232 100.0 149 100.0 47 100.0 35 100.0 16.5% 12% 20162017 3 31 2017 7 31 15.0% 16.8% 16.1% 2017 3 31 2016 3 31 2016 3 31 2017 3 31 31.2%38.3 36.6 1.7 224

2016 3 3179.6 36.6 46.0% 2017 3 31116.2 64.8% 72.1%(i) 2017 3 31G H A 2017 3 31 38.6 (ii) F 2017 3 31 2017 3 31 34.7 (iii)2016 3 31 18 2017 3 31 26 2016 3 3138.8 1.7 4.5% 2017 3 3140.6 31.6% 25.2% 2016 3 31 1,1412017 3 31 1,173 20162017 3 31 4.4 4.43.6% 2.7% 2016 3 31106.2 2017 3 31135.3 29.2 31.2% 2017 3 31 2016 3 31 16.7 9.1 54.8% 2017 3 31 25.8 2016 3 3113.6% 2017 3 31 16.0% 225

2016 3 312017 3 31 11.8 17.3 20162017 3 31 14.9% (i) 2017 3 31G H A 2017 3 31 38.6 (ii) F 2017 3 31 2017 3 31 34.7(iii)2016 3 31 182017 3 31 26 2016 3 312017 3 31 4.6 8.4 2016 3 312017 3 31 11.7% 20.7% 2016 3 31 7.63 6 2016 102016 3 31 3.5 0.2 2016 3 3113.0% 2017 3 31 5.9 3 6 2017 8 2017 3 31 3.6 2.1 226

2017 3 3115.4% 2016 3 312017 3 31 13.0% 15.4% 11.7% 20.7% 2016 3 312017 3 31 288,000 124,000 2016 3 316.5% 2017 3 312.8% 2016 3 31 2017 3 31 2017 3 31 20162017 3 311.8 1.1 2017 3 310.7 (i)0.8(ii) 104,000(iii)26,000 20162017 3 31 8.0 8.70.72017 3 31 0.8 20162017 3 31 232,000 149,000 2017 3 31 227

2016 3 311.5 1.5 97.1% 2017 3 313.0 2017 3 31 2016 3 31 2016 3 318.7 6.3 71.8% 2017 3 31 15.0 20162017 3 317.1% 9.3% 2017 7 312016 7 31 2016 7 312017 7 31 65.7%26.6 26.8 2016 7 3124.3 26.8 110.3% 2017 7 3151.1 60.1% 76.3%112016 5 2016 7 3115.0 0.4 2.9% 2017 7 3114.5 37.0% 21.7% 2016 7 31 20162017 7 31 1.2 1.4 2.9% 2.0% 228

2016 7 3134.6 2017 7 3155.6 21.0 65.7% 2016 5 2016 7 315.8 5.6 95.3% 2017 7 3111.4 2016 7 3114.4% 2017 7 3117.0% 2016 7 312017 7 31 3.3 8.3 2016 7 3113.7% 2017 7 3116.3% (i)2017 7 31 HK 2017 7 3115.5(ii) 19.3% 21.6% 2017 7 31 2016 7 312016 7 312017 7 3145,000 12.1 25.0 101.2J 2017 7 317.4 229

2016 7 312017 7 31 2.4 3.0 2016 7 3116.4% 2017 7 3120.9% 2016 7 31 5.9 3 6 2017 82016 7 310.5 0.3 2016 7 31 14.6% 2017 7 31 6.5 2017 9 2017 7 311.1 0.8 2017 7 31 16.9% 2016 7 312017 7 3114.6% 16.9% 230

2016 7 312017 7 31 66,000 45,0002016 7 31 5.7% 2017 7 313.3% 2016 7 312017 7 31 2017 7 31 20162017 7 31 297,000 212,0002017 7 3185,000 59,000 20162017 7 313.0 3.4 2017 7 31 0.3 20162017 7 31 47,000 35,00020162017 7 31 2016 7 31546,000 776,000 142.1% 2017 7 311.3 2017 7 31 2016 7 317.9 2017 7 311.0 2017 7 317.9 231

20162017 3 312017 7 31 A 3 31 2017 2016 2017 7 31 1,371 1,359 1,206 17,155 32,071 38,395 1,692 24,916 43,641 44,713 33,083 28,784 2,495 5,601 4,761 9,744 8,231 6,231 33,276 19,455 18,299 122,361 137,783 112,399 54,756 54,043 48,715 340 1,879 2,279 325 212 3,074 1,911 1,640 4,300 4,300 10,979 34,997 33,154 6,386 1,693 4,498 5,778 99,485 99,997 75,777 22,876 37,786 36,622 24,247 39,145 37,828 374 285 23,873 38,860 37,828 23,873 38,860 37,828 23,873 38,860 37,828 232

20162017 3 312017 7 31 1.4 1.4 1.2 (i) (ii) (iii) 20162017 3 312017 7 31 3 31 2017 2016 2017 7 31 7,792 16,698 17,418 8,811 13,406 16,319 552 1,967 4,658 17,155 32,071 38,395 15 45 30% 50% 20162017 3 312017 7 31 7.8 16.7 17.42017 3 31 8.9 2017 3 31 2017 7 310.7 233

2017 7 3117.298.6% 3 31 2017 2016 2017 7 31 30 4,697 9,883 10,617 31 60 773 5,985 3,568 61 90 315 487 349 91 180 1,496 310 1,830 181 365 73 33 1,046 365 438 8 7,792 16,698 17,418 3 31 2017 2016 2017 7 31 3,165 7,498 10,617 30 2,390 8,823 3,681 61 90 1,083 40 270 91 180 643 304 1,969 181 365 137 33 873 365 374 8 4,627 9,200 6,801 7,792 16,698 17,418 20162017 3 312017 7 31 4.6 9.2 6.8 234

2017 3 31 2017 7 31 : 2017 3 31 7 31 2016 2017 31 28 31 20162017 3 31 2017 7 31 365122 2016 3 31 31 2017 3 31 282017 7 3131 50% 50% 12 2016 2017 3 312017 7 318.8 13.4 16.3 1.32017 3 31 5.9 2017 7 31 2.9 2016 2017 3 312017 7 31 7.3 10.9 13.4 2017 7 3112.2% 235

3 31 2016 2017 2017 7 31 2,609 1,692 (167) (750) (1,692) 1,692 2012 3 31 2015 3 31 2.7 2016 3 31 2017 3 31 2016 3 31 1.7 2017 3 31 (i) (ii) (iii) (iv) 5% 236

3 31 2017 2016 2017 7 31 92,917 140,800 94,750 (68,341) (99,038) (52,316) 24,576 41,762 42,434 24,916 43,641 44,713 (340) (1,879) (2,279) 24,576 41,762 42,434 (i) (ii) 15 45 237

20162017 3 31 24.9 43.6 (i) 5.22017 3 31 13.3 (ii) 13.5 2017 3 31 2017 7 31 44.7 2017 3 31 13.3 2017 7 3116.1 2017 7 31 26.1 58.3%41.7%36.0% 10 36.0% 22.9%2018 3 31 13.1%2018 3 31 2017 7 315.7% 2017 12 238

3 31 2017 2016 2017 7 31 33,083 28,784 6,679 4,300 4,300 4,300 34,997 33,154 6,386 A 18 24 20162017 3 312017 7 31 3 31 2017 2016 2017 7 31 2,495 5,601 4,761 4 10 9 65,261 166,531 145,540 239

20162017 3 312017 7 31 2.5 5.6 4.8 2017 3 31 3.1 2017 7 31 0.8 0.8 20162017 3 312017 7 31 3 31 2017 2016 2017 7 31 9,744 8,231 6,231 5 4 3 215,243 200,293 169,877 20162017 3 312017 7 31 9.7 8.2 6.2 2017 3 31 1.5 1.5 2017 7 31 2.0 2.0 240

3 31 2017 2016 2017 7 31 25,810 35,653 36,679 3,121 3,958 3,958 25,825 14,432 8,078 54,756 54,043 48,715 30 90 2016 3 31 25.8 2017 3 31 35.7 2017 3 3135.7 2017 7 31 36.7 20162017 3 312017 7 31 3 31 2017 2016 2017 7 31 0 30 14,324 13,587 13,423 31 60 1,618 3,596 2,543 61 90 1,975 5,158 2,991 90 7,893 13,312 17,722 25,810 35,653 36,679 241

90 2016 3 317.9 5.4 68.7% 2017 3 3113.3 2016 2017 3 31 30.6% 37.3% 90 2016 3 31 18 2017 3 31 26 90 2017 3 3113.3 4.4 33.1% 2017 7 3117.7 2017 3 312017 7 3137.3% 48.3% 2017 3 319.2 2017 7 31 6.8 2017 7 31 2017 7 31 90 5.42017 89 2017 7 31 3 31 2016 2017 2017 7 31 93 83 79 20162017 3 312017 7 31 365122 20162017 3 31 2017 7 31 938379 2017 3 31 2017 7 31 8379 242

122016 2017 3 312017 7 31 2.2 1.0 1.0 20162017 3 312017 7 31 24.1 11.9 2017 1Guarforce Engineering Consultant Ltd.GEC GEC GEC 2017 7 GEC2017 3 31 11.9 2017 7 31 2015 16 2016 3 31 2016 3 31 2016 3 31 11 11 2016 3 31 243

2015 4 1 2015 4 1 2015 4 12015 4 1 2015 4 1 2015 4 1 2015 4 1 2015 4 1 2016 3 31 1.5 2016 3 31 2016 3 31 1.5 5%78,497 30% 448,057 78,4975% 2015 16 11 1 2015 16112 244

2015 16 2017 9 5 2014 152015 16 (a) (b) 2017 8 (c) (d) (e) 245

3 31 2017 2017 2016 2017 7 31 11 30 17,155 32,071 38,395 60,592 1,692 24,916 43,641 44,713 51,683 33,083 28,784 440 2,495 5,601 4,761 4,019 9,744 8,231 6,231 6,216 33,276 19,455 18,299 19,054 122,361 137,783 112,399 142,004 54,756 54,043 48,715 72,136 340 1,879 2,279 2,279 325 212 3,074 1,911 1,640 1,365 4,300 4,300 10,979 10,850 34,997 33,154 6,386 7,937 1,693 4,498 5,778 7,292 99,485 99,997 75,777 101,859 22,876 37,786 36,622 40,145 246

20162017 3 312017 7 31 22.9 37.8 36.62017 11 30 40.1 2017 3 31 2016 3 31(i) 14.9 (ii) 18.7 (iii) 1.8 (iv) 13.8(v)2.8 2017 7 31 2017 3 31(i) 6.7 (ii)1.2 (iii) 28.8 (iv) 26.8 (v)5.3 2017 11 30 40.1 2017 7 31(i) 22.2 (ii)23.4 (iii) 7.0 (iv)0.8 247

3 31 2016 2017 2017 7 31 29,877 33,276 19,455 18,159 (17,668) (7,727) (9,413) 5,491 695 (5,347) (1,644) 5,876 33,276 19,455 18,299 2016 3 3118.2 (i)11.1 (ii) 3.2 (iii)13.2(iv) 2.1(i) 10.4 (ii)1.3 2017 3 3117.7 (i)18.8 (ii) 1.5 (iii)1.5 (i)14.9 (ii) 18.7 (iii)3.1(iv) 1.8 248

2016 3 31 2017 3 31 i) 2016 3 31 2017 3 31 2016 3 31 7.8 8.8 2017 3 31 16.7 13.4ii) 2016 3 31 18.7 2017 7 31 7.7 (i)0.6 (ii) 6.3 (iii)5.3(iv) 1.1(i) 0.4 (ii)0.8 (iii) 1.2(iv)2.0 2016 3 31 9.4 (i) 10.0(ii) 0.3 0.8 2017 3 31 5.5 (i) 4.3(ii) 1.7 0.8 2017 7 310.7 0.8 249

2016 3 31 5.3 (i) 2.8(ii) 2.0 2017 3 31 1.6 1.2 2017 7 315.9 6.7 0.50.3 3 31 2017 2017 2016 2017 7 31 11 30 325 212 3,074 1,911 1,640 1,365 4,300 4,300 10,979 10,850 34,997 33,154 6,386 374 285 2017 11 30 1.4 10.9 20162017 3 31 43.0 39.9 250

2016 3 312017 3 31 2017 3 312017 11 30 2017 11 30 6.6 4.02.6 3 31 2017 2017 2016 2017 7 31 11 30 1,163 826 838 851 826 863 802 514 1,085 222 3,074 1,911 1,640 1,365 20162017 3 312017 11 30 3.1 1.9 1.4 251

3 31 2016 2017 2017 7 31 2017 11 30 4.5% 5.0% 4.5% 4.5% 4.5% 20162017 3 312017 11 30 (i) (ii) (iii) Leung To Hong2017 2 13 2017 11 30 : 3 31 2017 2017 2016 2017 7 31 11 30 348 228 393 295 741 523 42 26 699 497 252

20162017 3 312017 7 312017 11 30 699,000 497,000 2017 11 30 3 31 2017 2017 2016 2017 7 31 11 30 27,482 29,641 27,542 25,391 (i) (ii) (iii) (iv) (v) Leung To Hong Leung To Hong 5,000,000 253

(iii) Leung To Hong 2017 11 30 3 31 2016 2017 2017 7 31 1 13.6% 16.0% 17.0% 2 7.1% 9.3% 3 1.2 1.4 1.5 4 0.2 0.1 0.1 5 6 36.5% 38.6% 7 7.0% 10.8% 8 45.2 122.0 9.3 : 1. 2. 3. 4. 5. 6. 7. 8. 254

20162017 3 31 2017 7 31 13.6% 16.0% 17.0% 20162017 3 31 7.1% 9.3%2017 7 31 20162017 3 312017 7 31 1.21.41.5 20162017 3 312017 7 31 0.2 0.10.1 2016 3 312017 3 31 (i) 2016 3 31 3.1 2017 3 31 1.9(ii) 2016 3 318.7 2017 3 31 15.0 20162017 3 312017 7 31 2016 3 31 36.5% 2017 3 3138.6% 2016 3 318.7 2017 3 31 15.0 2017 7 31 2016 3 317.0% 2017 3 3110.8%2016 3 31 8.7 2017 3 3115.0 2017 7 31 255

2016 3 31 45.22017 3 31 122.0 2017 7 31 9.3 2017 3 317.7 2017 7 3117.8 2016 2017 3 312017 7 31 0.8 0.9 82,000 20162017 3 312017 7 31 3 31 2017 2016 2017 7 31 82 44 95 20162017 3 312017 7 31 256

12 12 31 7.9 22.8(i) 8.6 (ii) 14.2 2018 3 31 257

34 2017 7 31 20162017 3 31 2017 7 31 7.5 0.4 11.02017 7 3135.3 2017 12 10.0 21.0 13.37.7 16.1 14.5 13.3 13 2 2017 7 31B 258

Guardian Team 2017 7 31 2017 3 31 A B2017 3 31 52.8 7.2 i)ii) 2017 3 31 161.2 207.1 25.8 33.7 2017 7 31 84.414.5 16.0% 16.3% 2017 7 31 17.2% B 2017 3 31 4.9 2017 7 318.3 0.3 19.5 2017 3 3124.02017 7 3126.3 20162017 3 31 2.7 2.5 17.7 15.2 2017 7 31 3.5 4.2 259

2017 3 3133.2 A4 2017 3 31 28.0 2017 9 30 27 2017 7 31 17.15 17.2117.15 17.21 260

2017 8 3Guardian Team Guardian Team 0.3Guardian Team Guardian Team B B 3 31 7 31 2016 2017 2016 2017 52,574 52,783 19,152 19,206 (45,024) (45,540) (16,270) (16,299) 7,550 7,243 2,882 2,907 733 653 202 177 (7,684) (6,728) (2,026) (2,562) 599 1,168 1,058 522 (102) (173) (155) (85) 497 995 903 437 261

3 31 7 31 2016 2017 2016 2017 % % % % 5,559 10.6 43,819 83.3 49,145 93.1 17,785 92.9 17,357 90.4 3,196 6.1 3,638 6.9 1,367 7.1 1,849 9.6 52,574 100.0 52,783 100.0 19,152 100.0 19,206 100.0 2016 3 3152.6 2017 3 3152.8 0.4% (i)5.3 (ii) 0.4 2016 3 31 2017 3 31 5.6 20162017 7 31 19.2 20162017 7 31 90.0% 262

3 31 7 31 2016 2017 2016 2017 % % % % 29,697 66.0 37,088 81.4 13,516 83.1 13,063 80.1 12,407 27.5 6,150 13.5 1,860 11.4 2,360 14.5 2,036 4.5 1,905 4.2 854 5.2 662 4.1 884 2.0 397 0.9 40 0.3 214 1.3 45,024 100.0 45,540 100.0 16,270 100.0 16,299 100.0 2016 3 31 66.0%2017 3 3181.4% 2016 3 3145.0 2017 3 3145.52016 3 312017 3 31 2016 3 3129.7 2017 3 31 37.12017 3 31 20162017 7 3116.3 20162017 7 31 83.1% 80.1% 1002017 3 31 7.6 7.2 14.4% 13.7% 20162017 7 312.9 2.9 15.0% 15.1% 263

(i) (ii) (iii) 2016 3 31 2017 3 31 2017 7 3113.6% 16.0% 17.0% 2016 3 31 2017 3 31 2017 7 31 14.4% 13.7% 15.1% 3 31 7 31 2016 2017 2016 2017 % % % % 638 11.5 6,699 15.3 7,023 14.3 2,793 15.7 2,785 16.0 213 6.7 220 6.0 89 6.5 122 6.6 7,550 14.4 7,243 13.7 2,882 15.0 2,907 15.1 2016 3 31 0.611.5% 2017 3 31 2017 7 31 2016 3 31 2016 3 31 6.7 15.3%2017 3 317.014.3% 2017 3 31 2017 3 31 2016 7 31 2.815.7%2017 7 31 2.8 16.0% 264

2017 3 31 2016 3 310.26.7% 2017 3 31 0.26.0% 20162017 7 31 0.16.5% 6.6% 2016 3 312017 3 31 0.7 0.720162017 7 310.2 3 31 7 31 2016 2017 2016 2017 % % % % 2,524 32.8 2,923 43.4 728 35.9 1,080 42.2 226 2.9 103 1.5 29 1.4 23 0.9 680 8.8 322 4.8 140 6.9 97 3.8 2,687 35.0 1,605 23.9 442 21.8 560 21.9 1,567 20.5 1,775 26.4 687 34.0 802 31.3 7,684 100.0 6,728 100.0 2,026 100.0 2,562 100.0 265

2016 3 31 7.7 2017 3 316.7 2016 7 31 2.02017 7 312.6 (i)2016 3 31 2.7 2017 3 31 1.6 (ii) 2017 3 31 10.0% 2017 3 31 0.70.3 2017 7 31 2017 3 3110.0% 20162017 3 310.5 1.0 2017 3 31 2016 7 310.9 2017 7 310.4 266

2016 3 312017 3 312017 7 31 2017 11 30B 3 31 2017 2017 2016 2017 7 31 11 30 7,676 14,322 14,972 22,861 61 34,997 33,154 6,386 6,459 20 440 8,104 4,921 8,301 9,482 50,838 52,397 29,679 39,242 10,338 16,492 21,326 30,598 33,635 28,009 7,500 7,937 7,937 403 250 250 324 44,376 52,251 29,513 38,859 6,462 146 166 383 2016 3 3150.9 2017 3 3152.4 2017 3 31 2016 3 3144.4 2017 3 3152.3 267

7.5 2017 3 312017 3 31 28.0 2017 3 31 33.2 2016 3 312017 3 31 6.5 0.1 2017 7 31 0.22017 11 30 383,000 2017 3 31 7 31 2016 2017 6,110 8,104 4,921 2,653 2,488 3,536 (85) (45) (136) (574) (5,626) (20) 8,104 4,921 8,301 2016 3 31 2.7 (i) 1.5 (ii) 4.5(iii)0.6 (i) 2.1 (ii) 1.9 268

2017 3 31 2.5 (i) 1.6 (ii) 1.8(iii)6.2 7.0 0.2 2017 7 313.5 (i) 0.7 (ii) 4.8 (iii)0.7(iv) 1.2 2016 3 31 85,000 85,000 2017 3 31 45,000 45,000 2017 7 310.1 2016 3 31 0.6 0.6 2017 3 31 5.6 5.6 2017 7 3120,000 269

3 31 2017 2016 2017 7 31 12 222 216 227 12 414 199 2016 3 312017 3 312017 7 31 2017 3 31 7 31 2016 2017 85 45 136 20162017 3 31 2017 7 3185,000 45,000 136,000 270

(i) (ii) (iii) (i) (a) 2017 11 3019.1 33.9 3D ERP (b) 2.5 37.2 10% 271

(iii) 0.20 37.2 (a) 13.7 36.8% 11.0 156.9 2.7 (b) 5.9 15.9% (c) 2.0 5.4% (d) 7.6 20.4% (e) 4.7 12.6%3D ERP (f) 3.3 8.9% 273

0.23 8.4 0.17 8.4 2019 9 30 274

2018 3 31 8.0 8.0 1.1 0.4 0.3 275

2018 9 30 3.0 1.4 1.6 0.6 0.8 0.1 1.8 1.0 3D ERP 3D ERP 50% 2.3 276

2019 3 31 1.3 1.6 0.5 0.8 1.0 3D ERP 3D ERP 25% 1.2 277

2019 9 30 1.6 0.5 0.8 1.0 3D ERP 3D ERP 25% 1.2 3.308.9% 278

(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) 279

30,000,000 (a) (b) 280

(a) (i) (ii) (iii) (iv) (v) (vi) 281

(vii) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) 282

(1) (b)(v) (2) (3) (4) (b) (i) (ii) (iii) (iv) 283

(b) 17.29 (c) (a) (b) (a) (b) 17.29 17.29 285

(a) 13.16A(1) (i) (ii) (iii) 13.16A(1) (ii) 12 286

(b) 13.19 24 (i) 13.18(1) 13.18(4) 17.43(1) (4) (ii) (i) Alderhill 287

9% 0.20 22.8 6A.07 11.23(7) 25% 288

(a) 30,000,000 (b) 270,000,000 30,000,000 10% 2.5% 289

15,000,000 30,000,00050% (a) 15 50 90,000,000 30% (b) 50 100 120,000,000 40% (c) 100 150,000,000 50% 290

270,000,000 90% 22.5% 291

0.230.17 0.23 20,000 4,646.35 0.23 2018 2 8 292

www.hkexnews.hk www.vistarholdings.com 2018 2 9www.hkexnews.hk www.vistarholdings.com 2018 2 6 293

30 (i) (ii) (iii) www.hkexnews.hkwww.vistarholdings.com 155 2018 2 9(i) (ii) 2018 2 12 294

2018 2 12 2018 2 12 20,0008535 295

1. www.hkeipo.hk 2. 18 S i ii 296

3. (i) (ii) www.hkeipo.hk (i) (ii) 2018 1 312018 2 5 (i) 89 7 297

95 32 A2 (ii) 391 18A-22 131-137 1 3 2 23 2018 1 312018 2 5 8 1 2018 1 31 2018 2 1 2018 2 2 2018 2 3 2018 2 5 298

2018 2 5 4. (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 299

(ix) (x) (xi) (xii) (i) (ii) SS 902(h)(3) (xiii) (xiv) (xv) (xvi) (xvii) (xviii) 300

(xix)(i) (ii) 5. www.hkeipo.hk 2018 1 31 2018 2 5 www.hkeipo.hk 24 2018 2 5 301

40 40342E 6. 2979 7888 (https://ip.ccass.com) 8 1 302

(i) (ii) 303

40 304

305

20,000 20,000 2018 1 31 (1) 2018 2 1 (1) 2018 2 2 (1) 2018 2 3 (1) 2018 2 5 (1) (1) 2018 1 31 2018 2 5 24 2018 2 5 306

40 40342E 7. (i) (ii) 2018 2 5 8. 307

9. 20,000 20,000 www.hkeipo.hk 10. 2018 2 5 308

2018 2 5 11. 2018 2 9www.vistarholdings.com www.hkexnews.hk 2018 2 9 www.vistarholdings.comwww.hkexnews.hk 2018 2 9 2018 2 15 24 www.tricor.com.hk/ipo/result 2018 2 9 2018 2 14 852 3691 8488 2018 2 9 2018 2 13 309

12. (i) 40 342E (ii) (iii) 310

(iv) 50% 13. 0.23 2018 2 9 311

14. (i) (ii) 2018 2 9 2018 2 12 312

(i) 1,000,000 2018 2 9 183 22 1,000,000 2018 2 9 (ii) 1,000,000 1,000,000 2018 2 9 2018 2 9 313

2018 2 9 (iii) 1,000,000 2018 2 9 183 22 1,000,000 2018 2 9 (iv) 2018 2 9 314

2018 2 9 2018 2 9 2018 2 9 2018 2 9 15. 315

A IA-4 IA-47 2016 2017 3 312017 7 31 2017 7 31 2017 3 31 2017 7 31 IA-4 IA-47 2018 1 31 II 2 4 200 IA-1

A II 2 4 II 2 4 2017 7 31 20162017 3 312017 7 31 2016 7 31 II 2 4 2410 II 2 4 IA-2

A IA-4 P05308 2018 1 31 IA-3

A I. 3 31 7 31 2016 2017 2016 2017 7 122,849 161,167 40,429 67,008 (106,169) (135,342) (34,596) (55,615) 16,680 25,825 5,833 11,393 8 1,842 1,084 297 212 (8,028) (8,736) (3,027) (3,363) (7,917) 10 (232) (149) (47) (35) 9 10,262 18,024 3,056 290 11 (1,541) (3,037) (546) (1,322) 8,721 14,987 2,510 (1,032) IA-4

A 3 31 2017 2016 2017 7 31 14 1,371 1,359 1,206 15 17,155 32,071 38,395 16 1,692 17 24,916 43,641 44,713 18 33,083 28,784 19 2,495 5,601 4,761 20 9,744 8,231 6,231 33,276 19,455 18,299 122,361 137,783 112,399 21 54,756 54,043 48,715 17 340 1,879 2,279 22 325 212 23 3,074 1,911 1,640 18 4,300 4,300 10,979 24 34,997 33,154 6,386 1,693 4,498 5,778 99,485 99,997 75,777 22,876 37,786 36,622 24,247 39,145 37,828 22 374 285 23,873 38,860 37,828 25 23,873 38,860 37,828 23,873 38,860 37,828 IA-5

A 2017 7 31 25 IA-6

A * # 2015 4 1 12,628 2,500 24 15,152 8,721 8,721 2016 3 31 2016 4 1 21,349 2,500 24 23,873 14,987 14,987 2017 3 31 2017 4 1 36,336 2,500 24 38,860 (1,032) (1,032) 2017 7 31 35,304 2,500 24 37,828 2016 4 1 21,349 2,500 24 23,873 2,510 2,510 2016 7 31 23,859 2,500 24 26,383 # 25% * IA-7

A 3 31 7 31 2016 2017 2016 2017 10,262 18,024 3,056 290 671 872 239 235 (15) (119) (2) (74) (7) (83) (50) (29) 167 (28) (54) 232 149 47 35 11,132 18,815 3,313 558 3,200 (14,916) 2,329 (6,324) (10,417) (18,725) (4,601) (1,072) (1,262) (3,106) 1,228 840 914 1,513 (4,281) 2,000 13,233 (713) (13,147) (5,328) (588) 1,539 22 400 2,065 (1,843) 4,872 1,241 18,277 (17,436) (10,265) (7,685) (118) (232) (73) (42) 18,159 (17,668) (10,338) (7,727) (328) (761) (20) (82) 15 150 2 (10,035) 4,299 (5,224) 775 83 50 29 778 1,746 74 7 (9,413) 5,491 (5,215) 695 IA-8

A 3 31 7 31 2016 2017 2016 2017 (2,793) (1,163) (603) (271) (348) (332) (147) (497) (196) (124) (47) (27) (40) (25) (8) (1,970) 6,679 (5,347) (1,644) (797) 5,876 3,399 (13,821) (16,350) (1,156) 29,877 33,276 33,276 19,455 33,276 19,455 16,926 18,299 33,276 19,455 16,926 18,299 IA-9

A II. 1. 2017 6 27 P.O. Box 1350, Clifton House, 75 Fort Street, Grand Cayman KY1-1108, the Cayman Islands27 13 2 Guardian Team Limited Guardian Team 2017 6 6 1 100% 1972 8 1 2,500,000 100% 3 31 Guardian Team 20162017 3 31 2. IA-10

A 20162017 3 31 2017 7 31 3. 20142016 20142016 1 1 28 1 2 1 9 1 15 1 15 15 1 40 1 1 22 9 2 16 2 2 23 10 28 3 1 2 3 2018 1 1 2019 1 1 2016 1 1 2 IA-11

A 9 9 9 39 939 939 9 2017 7 31 9 39 15 15 18 11 15 1 2 3 4 5 15 IA-12

15 15 (i)(ii) 15 15 15 15 16 16 17 12 16 17 16 17 16 26 26 2017 7 3195,000 16 16 A IA-13

A 4. (a) 2 2017 4 1 3 4 5 (b) 2 (c) IA-14

50 (d) (i) (ii) A IA-15

A (e) (i) (ii) IA-16

A (iii) (iv) (v) (vi) (i) 37 (ii) 18 (vii) 39 (f) IA-17

A (g) (h) (i) (ii) (iii) (iv) (i) IA-18

A (j) (k) (i) 12 (ii) (iii) (l) IA-19

A (m) (n) (o) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) IA-20

A (i) (ii) (iii) 5. (i) (ii) IA-21

A 6. (a) 2016 3 31 79,622 38,810 4,417 122,849 11,832 4,560 288 16,680 1,842 (3,619) (4,409) (232) 10,262 74 671 232 1,541 829 IA-22

A 2017 3 31 116,224 40,554 4,389 161,167 17,287 8,414 124 25,825 1,084 (4,458) (4,278) (149) 18,024 7 872 149 3,037 891 2017 7 31 51,101 14,532 1,375 67,008 8,313 3,035 45 11,393 212 (1,971) (1,392) (7,917) (35) 290 235 35 1,322 82 IA-23

A 2016 7 31 24,297 14,965 1,167 40,429 3,319 2,448 66 5,833 297 (1,682) (1,345) (47) 3,056 239 47 546 20 (b) 10% 3 31 7 31 2016 2017 2016 2017 I 19,270 1 1 1 II 18,263 1 1 1 III 1 34,745 1 1 IV 1 1 1 9,596 V 1 1 1 7,413 VI 1 1 8,234 1 1 10% IA-24

A 7. 3 31 7 31 2016 2017 2016 2017 79,622 116,224 24,297 51,101 38,810 40,554 14,965 14,532 4,417 4,389 1,167 1,375 122,849 161,167 40,429 67,008 8. 3 31 7 31 2016 2017 2016 2017 1,583 797 249 190 74 7 83 50 29 28 54 15 119 2 57 57 19 19 2 1 1,842 1,084 297 212 IA-25

A 9. 3 31 7 31 2016 2017 2016 2017 48 2 300 419 102 136 371 453 137 99 671 872 239 235 12 11,225 14,227 4,678 5,393 529 658 203 213 11,754 14,885 4,881 5,606 406 565 232 152 95 114 33 30 501 679 265 182 167 352 4 10. 3 31 7 31 2016 2017 2016 2017 196 124 47 27 36 25 8 232 149 47 35 20162017 3 31 2016 2017 7 31 IA-26

A 11. (i) 3 31 7 31 2016 2017 2016 2017 1,473 2,871 490 1,300 68 166 56 22 1,541 3,037 546 1,322 16.5% 12% 3 31 7 31 2016 2017 2016 2017 10,262 18,024 3,056 290 1,640 2,961 504 44 (220) (130) 141 226 42 1,298 (20) (20) (20) 1,541 3,037 546 1,322 (ii) IA-27

A 12. (a) 2016 3 31 444 18 462 420 18 438 60 2 62 924 38 962 2017 3 31 624 18 642 256 13 269 523 18 541 60 3 63 1,463 52 1,515 2017 7 31 340 6 346 108 5 113 252 6 258 25 1 26 725 18 743 IA-28

A 2016 7 31 148 6 154 84 4 88 140 6 146 20 1 21 392 17 409 (b) 3 31 7 31 2016 2017 2016 2017 1,164 1,303 417 498 54 54 18 18 1,218 1,357 435 516 3 31 7 31 2016 2017 2016 2017 1,000,000 3 3 3 3 (c) 3 31 7 31 2016 2017 2016 2017 1,000,000 3 3 3 3 IA-29

A 13. 2 14. 2015 4 1 2,795 290 1,805 1,623 103 6,616 301 31 493 4 829 (265) (265) 2016 3 31 2016 4 1 2,795 591 1,836 1,851 107 7,180 9 538 326 18 891 (470) (470) 2017 3 31 2017 4 1 2,795 600 2,374 1,707 125 7,601 12 70 82 (43) (43) 2017 7 31 2,795 600 2,386 1,734 125 7,640 ------- ------- ------- ------- ------- ------- 2015 4 1 2,795 11 1,475 1,031 91 5,403 191 102 371 7 671 (265) (265) 2016 3 31 2017 4 1 2,795 202 1,577 1,137 98 5,809 197 212 453 10 872 (439) (439) 2017 3 31 2017 4 1 2,795 399 1,789 1,151 108 6,242 67 67 99 2 235 (43) (43) 2017 7 31 2,795 ------- 466 ------- 1,856 ------- 1,207 ------- 110 ------- 6,434 ------- 2016 3 31 389 259 714 9 1,371 2017 3 31 201 585 556 17 1,359 2017 7 31 134 530 527 15 1,206 (a) (b) 20162017 3 31 IA-30

A 15. 3 31 2017 2016 2017 7 31 7,792 16,698 17,418 8,811 13,406 16,319 552 1,967 4,658 17,155 32,071 38,395 3 31 2017 2016 2017 7 31 30 4,697 9,883 10,617 31 60 773 5,985 3,568 61 90 315 487 349 91 180 1,496 310 1,830 181 365 73 33 1,046 365 438 8 7,792 16,698 17,418 14 50% 1250% 20162017 3 312017 7 31 1,502,000 2,523,000 2,897,000 20162017 3 312017 7 31 IA-31

A 3 31 2017 2016 2017 7 31 3,165 7,498 10,617 60 2,390 8,823 3,681 61 90 1,083 40 270 91 180 643 304 1,969 181 365 137 33 873 365 374 8 4,627 9,200 6,801 7,792 16,698 17,418 20162017 3 312017 7 31 1,502,000 2,523,000 2,897,000 20162017 3 312017 7 31 16. 2017 3 31 7 31 2016 2017 2,609 1,692 (167) (750) (1,692) 1,692 IA-32

A 17. 3 31 2017 2016 2017 7 31 92,917 140,800 94,750 (68,341) (99,038) (52,316) 24,576 41,762 42,434 24,916 43,641 44,713 (340) (1,879) (2,279) 24,576 41,762 42,434 18. (a) 2017 2015 2016 2017 2017 3 31 7 31 4 1 3 31 3 31 7 31 2016 2017 23,048 31,662 26,189 31,662 38,306 26,189 1,421 2,595 1,421 2,595 2,595 23,048 33,083 28,784 (b) 3 31 2017 2016 2017 7 31 6,310 369 6,679 IA-33

A (c) 3 31 2017 2016 2017 7 31 Leung To Hong 4,300 4,300 4,300 19. 20. 21. 3 31 2017 2016 2017 7 31 (a) (c) 25,810 35,653 36,679 (b) 3,121 3,958 3,958 (d) 25,825 14,432 8,078 54,756 54,043 48,715 (a) 30 90 3 31 2017 2016 2017 7 31 0 30 14,324 13,587 13,423 31 60 1,618 3,596 2,543 61 90 1,975 5,158 2,991 90 7,893 13,312 17,722 25,810 35,653 36,679 IA-34

A (b) (c) (d) 1220162017 3 312017 7 31 970,000 2,975,000 2,975,000 2016 2017 3 312017 7 31 2016 3 31Ying Fai Company LimitedYing Fai1,600,000 2017 2 20162017 3 312017 7 31Guarforce Engineering Consultant Ltd. GEC 24,082,000 11,851,000 2017 1GEC 22. 2016 3 31 348 23 325 393 19 374 741 42 699 2017 3 31 228 16 212 295 10 285 523 26 497 2017 7 31 IA-35

A 3 31 2017 2016 2017 7 31 325 212 374 285 699 497 20162017 3 313.7% 6.3% 3.7% 6.3% 23. 3 31 2017 2016 2017 7 31 (a) 1,163 826 838 (b) 1,911 1,085 802 3,074 1,911 1,640 (a) 20162017 3 312017 7 31 4.5% 5.0% 4.5% 4.5% (b) 20162017 3 312017 7 31 (c) (i) (ii) Leung To Hong IA-36

A 20162017 3 312017 7 31 3 31 2017 2016 2017 7 31 1,163 826 838 826 863 802 1,085 222 3,074 1,911 1,640 24. 25. 2017 6 27380,000 38,000,000 0.012017 6 270.01 Reid Services Limited2017 7 15Reid Services Limited Success Step Management Limited999 26. 3 31 2017 2016 2017 7 31 82 44 95 IA-37

A 27. (a) 3 31 7 31 2016 2017 2016 2017 Ying Fai 2017 2 GEC 2017 1 9,700 7,200 2,600 (1,583) (797) (249) 4,182 (57) (57) (19) (19) 479 653 202 177 254 6,760 6,834 3,049 1,824 20 120 40 40 (b) 12 28. 3 31 2017 2016 2017 7 31 27,482 29,641 27,542 IA-38

A (i) (ii) (iii) Leung To Hong (iv) Leung To Hong 5,000,000 (v) (iii) 29. 20162017 3 312017 7 31 30. 3 31 2017 2016 2017 7 31 (a) 16,714 30,308 33,980 33,083 28,784 2,495 5,601 4,761 9,744 8,231 6,231 33,276 19,455 18,299 (b) 1,692 (a) 54,756 54,043 48,715 699 497 3,074 1,911 1,640 4,300 4,300 10,979 34,997 33,154 6,386 IA-39

(a) (b) 16 31. (a) A IA-40

A 20162017 3 312017 7 31 28 (b) 20162017 3 312017 7 31 23 3 31 7 31 2016 2017 2016 2017 +1% (31) (19) (2) (2) -1% 31 19 2 2 (c) IA-41

A 2016 3 31 54,756 54,756 54,756 699 741 348 182 211 3,074 3,074 3,074 4,300 4,300 4,300 34,997 34,997 34,997 97,826 97,868 97,475 182 211 2017 3 31 54,043 54,043 54,043 497 523 228 156 139 1,911 1,911 1,911 4,300 4,300 4,300 33,154 33,154 33,154 93,905 93,931 93,636 156 139 IA-42

A 2017 7 31 48,715 48,715 48,715 1,640 1,640 1,640 10,979 10,979 10,979 6,386 6,386 6,386 67,720 67,720 67,720 2016 3 31 3,074 3,286 1,272 895 1,119 2017 3 31 1,911 2,014 895 895 224 2017 7 31 1,640 1,715 895 820 (d) IA-43

A 3 31 2017 2016 2017 7 31 3,074 1,911 1,640 699 497 3,773 2,408 1,640 23,873 38,860 37,828 15.8% 6.2% 4.3% 32. 2017 6 11 28,009,000 2017 7 31 28,009,000 33. 2016 3 31 546 501 (348) 699 4 36 (40) 5,867 196 (2,989) 3,074 6,270 (1,970) 4,300 IA-44

A 2017 3 31 699 130 (332) 497 25 (25) 3,074 124 (1,287) 1,911 4,300 4,300 2017 7 31 497 (497) 8 (8) 1,911 27 (298) 1,640 4,300 6,679 10,979 2016 7 31 699 (147) 552 3,074 47 (650) 2,471 4,300 4,300 34. (a) IA-45

A (b) 2017 8 3 331,000 2017 8 3 169 14,972 6,386 20 8,301 (21,326) (7,937) (250) (4) 331 331 (331) 14,972,000 17,055,000 2,083,000 3 31 7 31 2016 2017 2016 2017 168,663 207,116 56,532 84,390 9,218 15,982 3,413 (595) IA-46

A (c) Vistar Alliance LimitedVistar Alliance 2017 12 11 Vistar Alliance 13.32018 1 15Vistar Alliance Vistar Alliance2018 1 22 Vistar Alliance 2020 3 31 43,800 (d) 2018 1 24 3,762,000,000 0.01 380,000 38,000,000 (e) 2017 7 31 10.0 35. 2017 7 31 IA-47

B IB-4 IB-36 20162017 3 312017 7 31 2017 3 31 2017 7 31 IB-4 IB-36 2018 1 31 II 3 200 IB-1

B II 3 II 3 20162017 3 312017 7 31 2016 7 31 II 3 2410 II 3 IB-2

B IB-4 P05308 2018 1 31 IB-3

B I. 3 31 7 31 2016 2017 2016 2017 6 52,574 52,783 19,152 19,206 (45,024) (45,540) (16,270) (16,299) 7,550 7,243 2,882 2,907 7 733 653 202 177 (7,684) (6,728) (2,026) (2,562) 8 599 1,168 1,058 522 9 (102) (173) (155) (85) 497 995 903 437 IB-4

B 3 31 2017 2016 2017 7 31 12 162 104 169 11 212 81 374 185 169 13 7,676 14,322 14,972 14 61 15 34,997 33,154 6,386 17 20 8,104 4,921 8,301 50,838 52,397 29,679 16 10,338 16,492 21,326 17 33,635 28,009 7,500 7,937 403 250 250 44,376 52,251 29,513 6,462 146 166 6,836 331 335 11 4 6,836 331 331 18 100 100 100 6,736 231 231 6,836 331 331 IB-5

B 2015 4 1 100 6,239 6,339 497 497 2016 3 31 2016 4 1 100 6,736 6,836 995 995 19 (7,500) (7,500) 2017 3 31 2017 4 1 100 231 331 437 437 19 (437) (437) 2017 7 31 100 231 331 2016 4 1 100 6,736 6,836 903 903 2016 7 31 100 7,639 7,739 IB-6

B 3 31 7 31 2016 2017 2016 2017 599 1,168 1,058 522 226 103 29 23 48 680 322 140 97 1,505 1,593 1,227 690 4,545 (6,968) 488 (747) (2,065) 1,843 (4,872) (1,241) (61) 61 (1,852) 581 6,154 1,985 4,834 2,653 2,683 (1,172) 3,536 (195) 2,653 2,488 (1,172) 3,536 (85) (45) (136) (85) (45) (136) IB-7

B 3 31 7 31 2016 2017 2016 2017 (574) (5,626) 1,092 (20) (574) (5,626) 1,092 (20) 1,994 (3,183) (80) 3,380 6,110 8,104 8,104 4,921 8,104 4,921 8,024 8,301 8,104 4,921 8,024 8,301 IB-8

B II. 1. 2000 5 15 8-10 2 C 20162017 3 31 20162017 3 31 436 406(2) 407(2) (3) 2. 20142016 1 1 20142016 28 1 2 1 9 1 15 1 15 15 1 40 1 1 22 9 2 16 2 2 23 10 28 3 1 2 3 2018 1 1 2019 1 1 2016 1 1 IB-9

B 9 9 9 39 939 939 9 2017 7 31 9 39 ( ) 15 15 18 11 15 15 IB-10

B 15 15 (i) (ii) 15 15 15 16 1617 12 16 17 16 17 16 20 202017 7 31 426,000 1616 16 IB-11

B 3. (a) 2017 4 1 2 4 (b) IB-12

B (c) (d) (i) (ii) IB-13

B (iii) (iv) (v) (vi) 39 (e) IB-14

B (f) (g) (i) (ii) (iii) (h) (i) IB-15

B (j) (i) 12 (ii) (iii) (k) (l) IB-16

(m) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) (i) (ii) (iii) 4. B IB-17

B (i) (ii) 5. IB-18

B (a) 2016 3 31 5,559 43,819 3,196 52,574 638 6,699 213 7,550 733 (2,524) (5,160) 599 226 102 85 680 680 IB-19

B 2017 3 31 49,145 3,638 52,783 7,023 220 7,243 653 (2,923) (3,805) 1,168 103 173 45 322 322 2017 7 31 17,357 1,849 19,206 2,785 122 2,907 177 (1,128) (1,434) 522 23 85 136 97 97 IB-20

B 2016 7 31 17,785 1,367 19,152 2,793 89 2,882 202 (727) (1,299) 1,058 29 155 140 140 (b) 10% 3 31 7 31 2016 2017 2016 2017 I 5,559 1 1 1 II 9,305 1 1 1 III 1 11,784 1 7,705 IV 1 7,475 3,187 1 V 1 1 3,129 1 VI 1 1 2,931 1 VII 1 1 1 2,101 VI 1 1 118 1 1 10% IB-21

B 6. 3 31 7 31 2016 2017 2016 2017 5,559 43,819 49,145 17,785 17,357 3,196 3,638 1,367 1,849 52,574 52,783 19,152 19,206 7. 3 31 7 31 2016 2017 2016 2017 733 653 202 177 8. 3 31 7 31 2016 2017 2016 2017 13 50 226 103 29 23 48 10 4,352 4,616 1,550 1,660 208 212 70 83 4,560 4,828 1,620 1,743 548 403 131 71 680 322 140 97 IB-22

B 9. 3 31 7 31 2016 2017 2016 2017 42 155 11 102 131 85 102 173 155 85 16.5% 2017 7 31 3 31 7 31 2016 2017 2016 2017 599 1,168 1,058 522 16.5% 99 193 175 86 (1) 3 (20) (20) 102 173 155 85 IB-23

B 10. (a) 2016 3 31 2017 3 31 2017 7 31 IB-24

B 2016 7 31 (b) 3 31 7 31 2016 2017 2016 2017 1,428 1,564 534 515 67 72 26 24 1,495 1,636 560 539 3 31 7 31 2016 2017 2016 2017 1,000,000 5 5 5 5 IB-25

B (c) 3 31 7 31 2016 2017 2016 2017 1,000,000 1 1 1 1 11. 2015 4 1 258 56 314 (122) 20 (102) 2016 3 312016 4 1 136 76 212 (136) 5 (131) 2017 3 312017 4 1 81 81 (85) (85) 2017 7 31 (4) (4) 20162017 3 312017 7 31 826,000 IB-26

B 12. 2015 4 1 724 1,817 2,541 85 85 2016 3 312016 4 1 724 1,902 2,626 22 23 45 2017 3 312017 4 1 746 1,925 2,671 9 127 136 (746) (1,759) (2,505) 2017 7 31 9 293 302 ----------- ----------- ----------- 2015 4 1 641 1,597 2,238 83 143 226 2016 3 312016 4 1 724 1,740 2,464 11 92 103 2017 3 312017 4 1 735 1,832 2,567 3 20 23 (737) (1,720) (2,457) 2017 7 31 1 132 133 ----------- ----------- ----------- 2016 3 31 162 162 2017 3 31 11 93 104 2017 7 31 8 161 169 13. 3 31 2017 2016 2017 7 31 6,483 13,098 13,608 917 917 917 276 307 447 7,676 14,322 14,972 IB-27

B 3 31 2017 2016 2017 7 31 30 3,844 2,398 2,198 31 60 739 5,486 7,833 61 90 967 2,054 408 91 180 481 2,355 2,385 181 365 452 745 784 365 60 6,483 13,098 13,608 14 50% 2450% 20162017 3 312017 7 31 917,000 3 31 7 31 2016 2017 2016 2017 984 1,664 1,664 1,986 680 322 140 97 1,664 1,986 1,804 2,083 IB-28

B 3 31 2017 2016 2017 7 31 2,962 722 1,267 30 1,502 6,351 7,095 31 60 873 1,016 2,063 61 90 298 1,849 249 91 180 832 2,658 2,267 181 365 16 442 667 365 60 3,521 12,376 12,341 6,483 13,098 13,608 20162017 3 312017 7 31 14. 3 31 2017 2016 2017 7 31 54,114 54,114 54,114 (54,053) (54,114) (54,114) 61 61 IB-29

B 15. 2015 2016 2017 2017 2017 4 1 3 31 3 31 7 31 3 31 7 31 2016 2017 32,932 34,997 33,154 6,386 34,997 39,869 33,154 16. 3 31 2017 2016 2017 7 31 (a) 8,533 14,926 19,655 (b) 1,362 1,362 1,362 443 204 309 10,338 16,492 21,326 (a) 30 90 3 31 2017 2016 2017 7 31 0 30 8,303 14,075 14,569 31 60 137 621 809 61 90 840 90 93 230 3,437 8,533 14,926 19,655 (b) 2420162017 3 312017 7 31 1,362,000 IB-30

B 17. 2017 7 31 238,000 18. 3 31 2017 2016 2017 7 31 10,000 100 100 100 19. 3 31 7 31 2016 2017 2016 2017 750 2016 3 31 7,500 43.7 2016 7 31 437 20. 3 31 2017 2016 2017 7 31 222 216 227 414 199 222 630 426 IB-31

B 21. (a) 3 31 7 31 2016 2017 2016 2017 6,760 6,834 3,049 1,824 733 653 202 177 57 57 19 19 (b) 10 22. 20162017 3 312017 7 31 23. 3 31 2017 2016 2017 7 31 7,669 14,322 14,972 34,997 33,154 6,386 20 8,104 4,921 8,301 10,338 16,492 21,326 33,635 28,009 7,500 7,937 IB-32

B 24. (a) (b) IB-33

B 2016 3 31 10,338 10,338 10,338 33,635 33,635 33,635 43,973 43,973 43,973 2017 3 31 16,492 16,492 16,492 28,009 28,009 28,009 7,500 7,500 7,500 52,001 52,001 52,001 2017 7 31 21,326 21,326 21,326 7,937 7,937 7,937 29,263 29,263 29,263 (c) IB-34

B 3 31 2017 2016 2017 7 31 33,635 28,009 33,635 28,009 6,836 331 331 492% 8,462% 25. 1,000,000 26. 2017 6 11 28,009,000 2017 7 31 28,009,000 27. 2016 3 31 34,209 (574) 33,635 2017 3 31 33,635 (5,626) 28,009 7,500 7,500 IB-35

B 2017 7 31 28,009 (20) (28,009) (20) 7,500 437 7,937 2016 7 31 33,635 1,092 34,727 28. 2017 7 31 IB-36

A AB I. 1. 7.31 7 2017 7 31 2017 3 31 (a) (i) 2017 7 31 2018 1 31 A (ii) 2017 7 31B IIA-1

A 2. 2017 7 31 2017 7 31 2017 7 31 1 2 3 4 1,206 169 1,375 38,395 14,972 53,367 44,713 44,713 6,386 (6,386) 20 20 4,761 4,761 6,231 6,231 18,299 8,301 (331) 26,269 112,399 29,679 135,361 48,715 21,326 70,041 2,279 2,279 1,640 1,640 10,979 10,979 6,386 (6,386) 7,937 7,937 5,778 250 6,028 IIA-3

A 2017 7 31 2017 7 31 2017 7 31 1 2 3 4 75,777 29,513 98,904 36,622 166 36,457 37,828 335 37,832 4 4 37,828 331 37,828 100 (100) 37,828 231 (231) 37,828 37,828 331 37,828 IIA-4

A 3. 2017 3 31 2017 3 31 2017 3 31 1 2 3 4 161,167 52,783 (6,834) 207,116 (135,342) (45,540) 7,487 (173,395) 25,825 7,243 33,721 1,084 653 (710) 1,027 (8,736) (6,728) 57 (15,407) (149) (149) 18,024 1,168 19,192 (3,037) (173) (3,210) 14,987 995 15,982 IIA-5

A 4. 2017 3 31 2017 3 31 2017 3 31 1 2 3 4 18,024 1,168 19,192 872 103 975 (119) (119) (7) (7) (50) (50) (54) (54) 322 322 149 149 18,815 1,593 20,408 (14,916) (6,968) (21,884) (18,725) 61 (18,664) (3,106) (3,106) 1,513 1,513 1,539 1,539 1,843 (1,843) (713) 6,154 5,441 (1,843) 1,843 (17,436) 2,683 (14,753) (232) (195) (427) (17,668) 2,488 (15,180) IIA-6

A 2017 3 31 2017 3 31 2017 3 31 1 2 3 4 (761) (45) (806) 150 150 4,299 4,299 50 50 1,746 1,746 7 7 5,491 (45) 5,446 (1,163) (1,163) (332) (332) (124) (124) (25) (25) (5,626) (5,626) (1,644) (5,626) (7,270) (13,821) (3,183) (17,004) 33,276 8,104 (331) 41,049 19,455 4,921 24,045 IIA-7

A 1. A2017 7 31 2017 3 31 2. B 2017 7 31 2017 3 31 3. 2017 8 3 331,000 (a) 3 2017 7 31 169 14,972 6,386 20 8,301 (21,326) (7,937) (250) (4) 331 2017 7 31 IIA-8

A (b) 2017 7 31 331 3(a) (331) 4. 2017 7 31 2017 3 31 5. 6. 2017 7 31 IIA-9

A II. 2018 1 312017 8 3 AA-3 A-92017 7 312017 3 31 A I 2017 7 31 2017 7 31 2017 3 31 2016 4 1 2017 7 31 2017 3 31 A IIA-10

A 7.31 7 7 1 7.31(7) 3420 7.31 7 IIA-11

A 2017 7 312016 4 1 (a) (b) (c) 7.31(1) 2018 1 31 IIA-12

B A I. 7.31 7 2017 7 31 2017 7 31 2017 7 31 1 2 3 0.17 37,828 35,727 73,555 0.06 0.23 37,828 52,107 89,935 0.07 IIB-1

B 1. 2017 7 31 A2017 7 31 37,828,000 2. 2017 7 31 300,000,000 0.17 0.23 3. 1,200,000,000 4. 2017 7 31 IIB-2

B II. 2017 7 31 2018 1 31 B IIB-1 IIB-2 B I 2017 7 312017 7 31 2017 7 31 A 7.31 7 7 IIB-3

B 1 7.31(7) 3420 7.31 7 2017 7 31 IIB-4

B (a) (b) (c) 7.31(1) 2018 1 31 IIB-5

2017 12 31 2017 12 31 2017 12 112018 1 15 2018 1 15 III-1

2017 2017 7 7 13 2 MRICS MHKIS RPS (GP) 2018 1 31 24 III-2

2017 12 31 27 13 2 1 19/1,100 1984 2613 2,937 272.87 UB7082 1962 5 1 75 75 220 13,600,000 1. 2. 1991 3 8UB4759369 () Vistar Alliance Limited( ) 2018 1 15 3. 2017 9 15 S/H20/23 4. a. 1984 10 16UB2659947 b. 2002 12 12UB8843850 c. Vistar Alliance Limited 13,300,000 2017 12 1118010800580036 d. S.24(1) UBCSI/08-47/0039/11 2017 12 2018012300770020 5. III-3

6. Vistar Alliance Limited 2018 1 222018 1 162020 3 3143,800 7. a. 2017 19741986 1984 4,033 4,887 4,631 b. III-4

2017 6 27 1. (a) (b) 2. 2018 1 24 (a) (i) (ii) IV-1

(iii) (a) (b) (c) (d) (e) (f) (g) (iv) IV-2

30 (v) IV-3

(vi) (vii) 20 20 14 14 20 IV-4

(b) (i) IV-5

(aa) (bb) (cc) (dd) (ee) (ff) (gg) (hh) IV-6

(ii) IV-7

(iii) (iv) (v) IV-8

(vi) (vii) IV-9

(viii) (aa) IV-10

(bb) (cc) (dd) (i) (ii) (ee) (ix) (c) IV-11

(d) (i) 15 (ii) (a) (b) IV-12

(A) (B) (C) (iii) 15 IV-13

(iv) 21 14 (i) (ii) 95% IV-14

(v) (vi) IV-15

(e) 21 21 21 IV-16

(f) (i) (ii) (iii) (aa) (bb) IV-17

20 (g) IV-18

(h) 3(f) (i) (i) (ii) (j) IV-19

3. 2017 6 27 (a) (b) (i) (ii) (iii) 37 (iv) (v) IV-20

37A(1) (e) (f) Foss v. Harbottle IV-22

(g) (h) (i)(ii) (iii) 2013 (i) IV-23

(j) 2011 (i) (ii) (aa) (bb) 20116(3) 2017 7 1920 (k) (l) (m) IV-24

(n) 2013 (o) 60 (p) (i) (ii)(iii) IV-25

(i) (ii) (q) 75% IV-26

(r) 90% (s) 4. IV-27

A. 1. (a) 2017 6 27 27 13 22017 9 116 (b) 2. 380,000 38,000,000 0.01 (a) 2017 6 27 Reid Services Limited 0.01 2017 7 15Reid Services Limited Success Step 464435100 Success Step Noble Capital Legend Advanced (b) 2018 1 24 3,762,000,000 380,000 38,000,000 (c) 12,000,000 1,200,000,000 2,600,000,000 V-1

A. 4. 3. A 4. 2018 1 24 (a) 3,762,000,000 380,000 38,000,000 0.01 38,000,000 3,800,000,000 0.01 (b) (c) (i) (ii) (iii) (i) V-2

(ii) (d) 8,999,900 899,990,0002018 1 24 (e) 20% V-3

(f) 10% (g) (e) (f) 5. 6. (a) (b) V-4

2018 1 24 10% : (i); (ii) (iii) (c) (d) (e) V-5

(f) 1,200,000,000 120,000,000 (g) 26 V-6

B. 1. (a) (b) (c) (d) (e) Guardian Team 2017 8 31 Success Step Noble Capital Legend Advanced 4,185 3,915900 Guardian Team 2017 8 3 331,000 2. (a) 1 A B 37 304208616 2017 7 17 2027 7 17 2 A B 37 304208625 2017 7 17 2027 7 17 3 A B 37 304208634 2017 7 17 2027 7 17 37 V-7

(b) 1 37 304200542 2017 7 10 2 37 304200551 2017 7 10 37 (c) www.guardianhk.com 2020 7 30 vistarholdings.com 2023 1 17 C. 1. (a) XV XV7 8 352 V-8

1 2 3 6 508,500,000 42.4% 4 6 481,500,000 40.1% 5 6 90,000,000 7.5% (1) (2) 1,200,000,000 (3) Success Step Success Step 418,500,000 6 Legend Advanced 90,000,000 Success Step508,500,000 (4) Alderhill Noble Capital Alderhill Noble Capital 391,500,000 6 Legend Advanced 90,000,000 Noble Capital481,500,000 (5) Legend Advanced 40% 30% 30% Legend Advanced 90,000,000 (6) 2018 1 25Legend Advanced Success Step Noble Capital Success Step Noble Capital Legend Advanced 90,000,000 V-9

(b) XV2 3 10% 1 2 Success Step 3 5 418,500,000 34.9% 90,000,000 7.5% 508,500,000 42.4% Noble Capital 4 5 391,500,000 32.6% 90,000,000 7.5% 481,500,000 40.1% 4 5 481,500,000 40.1% 4 5 481,500,000 40.1% Legend Advanced 6 90,000,000 7.5% Deng Anna Man Li 7 508,500,000 42.4% Lau Sze Mun 8 481,500,000 40.1% Roberts Christopher John 90,000,000 7.5% 9 V-10

(1) (2) 1,200,000,000 (3) Success Step Success Step 418,500,000 5 Legend Advanced 90,000,000 Success Step508,500,000 (4) Alderhill Noble Capital Alderhill Noble Capital 391,500,000 5 Legend Advanced 90,000,000 Noble Capital481,500,000 (5) 2018 1 25Legend Advanced Success Step Noble Capital Success Step Noble Capital Legend Advanced 90,000,000 (6) Legend Advanced 40% 30% 30%Legend Advanced 90,000,000 (7) Deng Anna Man LiDeng Anna Man Li (8) Lau Sze MunLau Sze Mun (9) Roberts Christopher John Roberts Christopher John V-11

D. 1. (3) (3) (3) (1) 1,002,000 816,000 738,000 120,000 120,000 120,000 120,000 V-12

2. 20162017 3 31 962,000 1,515,000 2017 3 31 2018 3 31 3,036,000 E. 2018 1 24 1. 2. (a) (b) (c) (d) (e) (f) V-13

3. (a) 30% (b) 10%120,000,000 (c) (a)(d) 23.03(3) (1)23.06 10% V-14

(d) (a) (c) 23.03(3) (1)23.06 (c) 4. (a) 12 1% (b) 12 23.03(4)23.06 23.03(9) (1) (c) 23.03(3)1 23.03(4) (d) 12 (i) 0.1% V-15

(ii) 5 5. 6. (i) (ii) (iii) 1.00 7. 8. 28 V-16

9. 12 10. V-17

11. 12. 13. 10 V-18

14. 15. (a) (b) (c) (d) (i) (ii) (iii) (iv) (v) 2005 9 517.03(13) 23.03(13) V-19

16. 17. (i) (ii) (iii) 18. 19. V-20

20. F. 1. Alderhill B. 1. 2. 3. 6A.07 4,480,000 4. 50,000 V-21

5. 6. 1 6 7. 6 V-22

8. Estera Trust (Cayman) Limited 9. (a) XV7 8 352 (b) (c) (d) (i) (ii) (e) V-23

(f) (g) (h) (i) (j) (k) (l) (m) 2017 3 31 (n) (o) (p) (q) 12 V-24

(r) (s) 10. 44A44B 11. 32L 4 V-25

(i) F. 7. (ii) B. 1. (iii) 14 21 2103 05 1. 2. 3. AB 4. 2017 3 31 2017 7 31 5. A 6. B 7. 8. 9. 10. 11. 12. 13. VI-1

14. B. 1. 15. D. 1. 16. F. 7. 17. VI-2