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Transcription:

COGOBUY GROUP 343,800,000 34,380,000 309,420,000 4.48 1% 0.003%0.005% 0.0000001 400 342C UBS AG 2014 7 112014 7 17 4.48 3.20 2014 7 17 144A S 2014 7 8

(2).......................... 2014 7 11.................. 2014 7 11 (2)............ 2014 7 11 www.eipo.com.hkeipo (3).................... 2014 7 11 eipo.......................... 2014 7 11................................... 2014 7 11..................................................... 2014 7 11............................................. 2014 7 17............................................ 2014 7 17 www.iporesults.com.hk.................................. 2014 7 17 www.hkexnews.hk www.cogobuy.com............................ 2014 7 17............................................... 2014 7 17...................................... 2014 7 18 (1) (2) 2014 7 11 (3) www.eipo.com.hk (4) 6. (5) 2014 7 112014 7 17 2014 7 17 (6) 2014 7 18 (7) i

............................................................................................................................... i ii................................................................... 1................................................................... 13.............................................................. 24............................................................ 25.............................................................. 26................................................. 57....................................... 58............................................... 61.............................................................. 66.............................................................. 75.................................................. 86................................................................... 99 ii

.............................................................. 139...................................................... 160.............................................................. 165...................................................... 171.............................................................. 179................................................................... 180............................................................ 182.............................................................. 185............................................... 237................................................................... 239........................................................ 249................................................. 258............................ IA-1.......................... IB-1................................... II-1.......................... III-1......................................... IV-1........................ V-1 iii

2013 IC 2013 39 IC 500 2000 IC 2011 6 IC 2011 Total Dynamic Limited 2013 2Total Dynamic Limited cogobuy.com2013 7 IC 2013 7 2013 1%IC 2013 71 2013 2.0 1

IC 2

cogobuy.com cogobuy.com cogobuy.com (i) (ii)(iii) (iv) IC 120 2011 2012 2013 12 31 2014 3 3138.7% 40.0% 55.9% 52.8%61.3% 60.0% 44.1% 47.2% 201120122013 12 31 2014 3 31 28.9% 22.6% 27.0% 37.8% 10.4% 6.5% 6.8% 12.5% IC B2C 2013 147,000 3

2013 12 31 500 IC IC 30 2012 2 1 IC 38.7% 2012 11 1586 2013 2013 2 1 Total Dynamic 2013 11 20 Envision Global 89 93 IC 101 103 4

104 105..................................................... 51.08% Envision Global (1)............................................. 50.95% (1) Envision Global 2013 7 IC 139 159 20112012 2013 1% 5

(1) (2) (3) (4) (1) 100% (1) (2) 145 156 2012 2 1 2012 12 31 2013 12 31 2014 3 31 (i) 2012 11 15 (ii)total Dynamic 2013 2 1 (iii)envision Global2013 11 20 C D (i) Total Dynamic 2011 1 4 Total Dynamic (ii) Envision Global 2011 1 1 2011 12 31 2012 1 1 2012 11 15 20122013 12 31 6

2012 2 1 2012 12 31 2013 12 312013 3 312013 12 312014 3 31 2012 2013 2012 11 15 20122013 (i) 2012 11 15(ii) 2013 2 1 Total Dynamic (iii) 2013 11 20 Envision Global 2013 3 312013 12 31 2013 3 312013 12 31 2410 2012 2 1 2012 12 31 2013 12 31 2013 2013 3 31 12 31 2014 3 31..................... 199,306 2,417,277 387,572 1,011,920 1,354,018................. (145,688) (2,215,191) (363,047) (920,742) (1,251,578)..................... 53,618 202,086 24,525 91,178 102,440................. 40,773 122,640 13,143 55,044 42,481............... 38,199 102,448 9,025 47,557 33,240................... (8,580) (15,883) (2,107) (6,610) (4,251)............. 29,619 86,565 6,918 40,947 28,989 2011 12 31 2012 1 12012 11 15 20122013 12 31 7

2012 1 1 2011 12 31 2012 11 15 2012 12 31 2013 12 31..................... 1,169,948 1,369,066 1,568,372 1,788,044................. (1,097,451) (1,325,408) (1,471,096) (1,679,949)..................... 72,497 43,658 97,276 108,095................. 39,195 10,052 51,490 72,333............... 35,189 6,136 45,000 56,002................... (8,365) (2,602) (11,187) (12,903)............. 26,824 3,534 33,813 43,099 2012 2 1 2012 12 31 2012 1 12012 11 15 2012 12 31 2011 12 31 (1) 2012 12 31 (2) 2013 12 31 (3).......................... 1,169,948 1,568,372 2,417,277...................... (1,097,451) (1,471,096) (2,215,191).......................... 72,497 97,276 202,086 (1) (2) (3) 2012 11 15 2012 2 12012 11 15 8

2012 12 31 2013 12 31 2014 3 31.................... 599,697 1,520,730 1,582,535.................... 562,683 1,373,606 1,393,066................. 37,014 147,124 189,469................. 11,921 187,306 185,604................. 386 5,164 4,851........................ 48,549 329,266 370,222 2012 2 1 2012 12 31 2013 12 31 3 31 2013 2014.. 37,840 (26,269) 28,979 85,174.. (124,310) (184,196) 1,464 (8,288).. 141,096 441,485 (26,409) (51,853)..... 54,626 231,020 4,034 25,033.... 52,400 52,400 281,542................ (2,226) (1,878) (81) 7,438.... 52,400 281,542 56,353 314,013 9

2012 2 1 2012 12 31 2013 12 31 2014 3 31 (%) (1)................... 26.9 8.4 7.6 (%) (2)........... 19.9 4.8 3.0 (%) (3)................... 14.9 3.6 2.1 (4)................ 10.0 2.8 2.5 (5).......... 9.0 2.0 1.6 (6)................ 22.1 8.2 5.3 (%) (7)............. 5.3 4.8 5.7 (%) (8)............... 66.7 25.3 27.8 (9).................... 1.1 1.1 1.1 (1) (2) (3) (4) (5) (6) (7) 2012 12 31 2014 3 31 2012 2 1 2012 12 31 2014 3 31 (8) 2012 12 31 2014 3 31 2012 2 1 2012 12 312014 3 31 (9) (i) 343,800,000 (ii) (iii) 30,200,000 (iv) 1,374,000,000 3.20 4.48.................................. 4,397 6,156.......................... 0.91 1.21 10

2014 3 31 3.84 3.20 4.48 1,253.8 (%) 438.8 35 i 376.1 30 313.5 25 125.4 10 1,464.5 1,043.1 1,443.4 11

3.84 242.3 242.3 26 56 42.8 32 2013 12 31 2014 3 31 4.6 13.9 16.1 2014 12 31 8.2 12

Alphalink Global Alphalink Global Limited2004 11 23 2014 6 27 Brilliant Brilliant Group Global Limited2013 6 13 Envision Global 2005 3 23 70% 13

Cogobuy Cogobuy Limited2011 10 6 2012 7 31 Cogobuy Holding Cogobuy Holding Limited Total Dynamic Limited 2011 1 4 22 1961 3 622 32 2012 2 1 Envision Global Group Comtech Broadband Comtech Broadband Holding Limited2013 6 27 Comtech China Comtech (China) Holding Ltd.2002 5 27 2010 8 3 2002 7 23 14

2010 2 11 2010 6 22 2008 5 28 Comtech HK Comtech (HK) Holding Ltd.2002 5 27 2009 4 8 2005 5 24 2000 7 14 2004 3 18 Envision Global 2003 6 5 15

2013 9 11 Envision Global Envision Global Investments Limited2012 2 1 Envision Global Gold Tech Mega Smart Comtech Broadband Envision Online Envision Online Limited2012 3 6 Gold Tech Gold Tech Holdings Limited2010 1 25 eipo HKJJT Hong Kong JJT Limited2007 8 23 16

34,380,000 1% 0.003% 0.005% 571 2014 7 7 17

S 144A 309,420,000 2014 7 11 UBS AG UBS AG 2014 6 30 2014 7 18 18

MDC Tech MDC Tech Inc. Limited2010 11 30 Mega Smart Mega Smart Group Limited2009 4 8 2014 6 27 2011 2012 2013 12 31 2014 3 31 (i)2011 12 31 (ii)2012 12 31 (iii) 2013 12 31 (iv) 2014 3 31 19

30 51,570,000 15% Alphalink Global Comtech HK Comtech China 2012 2014 7 112014 7 17 144A S S 144A 144A 2014 3 1 4. 20

30,200,000 571 0.0000001 2012 12 13 UBS AG Total Dynamic Total Dynamic Holdings Limited2012 12 4 Total Dynamic Cogobuy Holding Cogobuy 2013 12 31 2014 3 31 21

1933 Cogo Group Cayman, Inc. Cogo Group, Inc.2011 4 12 Vision Well Vision Well Global Limited2012 10 25 eipo eipowww.eipo.com.hk eipo 2012 2012 10 23 % 1.00 1.2630 1.000.1606 H.10 22

23

B2B B2C IC ICP 24

25

(i) (ii) (iii) (iv) 26

2012 2013 28.4% 26.9% IC 500 IC IC 27

(1)IC (2) B2B IC 28

2011 6 Total Dynamic Limited 2011 6 2012 11 15 29

2013 Total Dynamic Envision Global 2013 30

2014 3 31 50 IC 2012 12 31 107.2 2013 12 31 243.8 31

Comtech China Comtech HK 2002 32

IC 33

Envision Global Total Dynamic Envision Global 34

24.0% 846,000 30,200,000 2.20% 2 2 201420152016 12 31 36.6 11.0 4.4 35

13 13 36

IC IC IC IC 2012 2 1 2012 12 31 2013 26.3 2013 391.4 2012 10 22,746 2014 4 1 37

250,000 2012 38

2001 12 11 2008 9 10 50% 2006 7 ICPICP ICP ICP ICP 39

2011 9 2012 2010 2011 (i) (ii) cogobuy.com cogobuy.com (a) (b) (c) (i) (ii) 40

ICP cogobuy.com cogobuy.com 41

42

ICP cogobuy.com 43

5% 44

1970 45

30 1979 cogobuy.com 46

2006 7 14 2008 8 1 47

2005 11 752012 11 19 2012 12 17 59 7559 7559 7559 48

2009 12 2008 1 1 698 698 10% 698 2011 3 28 2011 24 698 698 698 698 698 ICP ICP Cogobuy ICP Cogobuy ICP 49

2013 7 16 2014 3 21 ICP ICP 1995 2005 7 2005 7 21 2005 7 21 2%2005 9 231.5% 3.0%2008 7 2010 6 20 2014 3 14 1% 2% 50

2006 8 8 2006 9 8 2009 6 22 (i) (ii) (iii) (i) (ii) (iii) 51

2008 8 2011 9 2012 2 52

52.09% 53

2.78 2014 3 313.84 2014 6 27 54

IC 55

2014 2 56

14A 57

2014 7 11 2014 7 17 2014 7 17 58

Codan Trust Company (Cayman) Limited 59

60

57 Belgravia 3 B 7 17 F 2388 452 1379 Petal Way, San Jose, CA95129 39 9 8 42 UBS AG 8 52 61

2 22 UBS AG 8 52 2 22 3 12 8 1301 1305 15 42 16 CBD701 100022 62

Conyers Dill & Pearman (Cayman) Limited Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 15 26 580 45 200041 10 8 1 C 9 518057 Offices of Codan Trust Company (Cayman) Limited Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 63

16 585 609 5 A www.cogobuy.com (CPA) 7 17 F Codan Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681, Grand Cayman KY1-1111 Cayman Islands 183 17 1712 1716 64

181 28 1 1 4 4A 65

IC 2014 3 IC IC (i) (ii) IC (iii)(iv) 280,000 66

3IC 2013 2.0 3,000 IC 400 400 201380% IC IC 67

IC IC IC 2013 2.0 2014 20152016 2.2 2.5 3.42013 2016 19% IC IC 3 3,000 IC 68

Avnet, Inc. 3 3,000 IC IC IC 2011 4,500 2013 69

97,000 2013 2.0 IC IC IC IC 2015 80% 10% 9% 2009384.02013618.0 12.6% 70

40 B2B B2B B2B 2011 5 B2B B2B B2B B2B B2B B2B 60 IC IC 71

2013 71 2% IC 2013 71 2013 2013 2013 (%) 1................ 3,915 55.1 2.................. 660 9.3 3.................... 625 8.8 4.................... 437 6.1 5.................. 397 5.6 72

IC Huaqiang Industrial Co. IC 2013 501 IC IC 2013 501 2013 2013 2013 (%) 1.................. 29,000 57.8 2 IC.................... 14,000 28.6 3.................. 481 1.0 4.................... 441 0.9 5.................... 230 0.5 73

IC IC 2012 IC 5% IC IC 74

2000 9 25 2003 2 212003 4 1 2000 9 25 2011 1 8 ICP2009 4 10 ICP ICP 2010 8 19 ICP ICP ICP 75

ICP ICP 2001 12 112008 9 10 50% (2011) 2006 7 ICP ICP ICP ICP ICP 76

ICP cogobuy.com Cogobuy 2014 3 26 2013 7 162014 3 21 cogobuy.com ICP cogobuy.com 2000 12 28 77

1997 ICP ICP 1993 12 29 1994 7 1 2005 10 272013 12 28 2006 1 1 2014 3 1 1986 4 12 2000 10 31 1990 12 12 2001 4 12 2014 2 19 1991 200120102001 2013 2002 2 20 78

13 1982 1993 2001 2012 5 282012 5 29 2004 11 5 2004 12 20 2012 5 28 2012 6 28 13 cogobuy.com 79

1996 1 29 1997 1 142008 8 5 1996 6 20 1996 7 1 2008 8 29 142 142 142 2011 11 45 45 142 45 (i) (ii) (iii) 75 2005 10 21 752005 11 1 2012 11 19 59 2012 12 17 80

75 59 (i)(ii) 75 59 75 75 75 75 2014 5 1975 2012 2 15 81

10% 50% 2007 3 16 2007 12 6 2008 1 1 25% 25% 1993 12 13 2008 11 10 2008 12 18 2011 10 28 17% 3% 2011 11 16 82

2013 2012 1 1 6%2013 2012 8 1 8 2013 8 1 17% 6% 3% 10% 10%5% Cogobuy 5% 1994 7 5 2009 8 27 2007 6 29 2012 12 28 2008 9 18 83

2010 10 28 2011 7 1 1999 4 3 2002 3 24 2006 8 8 2006 9 8 2009 6 22 (i) (ii) (iii) (iv) (i) (ii) (iii) 84

60 IC 2 (a) 500,000 2 (b) 7 106 9 12 12 2014 6 85

2013 IC IC 2012 11 15 2004 2002 Comtech GroupComtech Trident Rowan Group, Inc.TRG TRG Comtech TRG91.2% TRG Comtech Group, Inc. Cogo Group, Inc.Cogo Group 2011 7 25Cogo GroupCogo Group Cogo GroupCogo Group 2013 11 37.8% Comtech 2002 86

2000 7 14........ 2011 6............ Total Dynamic Limited 2012 2............ 2012 11........... 2013 2............ Total Dynamic Cogobuy.com 2013 7............ 2013 9............ 2013 11........... Envision Global 2013 12........... BrilliantComtech China............. 2000 7 14........... 2003 6 5 87

............. 2005 3 23........ 2005 5 24 HKJJT................ 2007 8 23........... 2008 5 28............. 2009 5 4........ 2010 2 11........ 2010 6 22...... 2012 7 31........... cogobuy.com 2012 12 13...... 2013 9 11 88

1. 2012 2 1 50,000 50,000 1.00 1.00 Envision Global 2012 3 6Envision Online 10,000 10,000 1.00 2012 10 25Vision Well 50,000 50,000 1.00 2. 2012 3 14 30% 2012 10 23 2012 78 608.4 Alphalink Global Comtech HKHKJJT Comtech China 2012 2012 11 15 89

30.8% 50% 2012 100% Vision Well Envision Online 3. 2013 2 1 2013 3 15Envision Global 99 1.00 Envision Global 100 1.00 Envision Global Total Dynamic 30 1.00Total Dynamic Cogobuy Holding 1.00 2013 3 15 Cogobuy Holding Cogobuy Total Dynamic Total Dynamic 29(b) ICPcogobuy.com2013 2 1 Cogobuy Holding Cogobuy Holding 90

Total Dynamic 100% Envision Global 70% 100% Total Dynamic 30% 100% Vision Well Envision Online Total Dynamic (1) 4. Envision Global 2013 11 20 BrilliantEnvision Global 3 Gold Tech60% Mega Smart (1) (2) Comtech Broadband70% (3) Envision Global 2014 3 20 Envision Global 91

Envision GlobalEnvision Global 2012 2013 11 Envision GlobalEnvision Global 20112013 D. Envision Global (1) Envision GlobalEnvision Global Envision Global cogobuy.com Envision Global Envision Global cogobuy.comenvision Global Envision GlobalEnvision Global Envision Global Envision Global Envision GlobalEnvision Global 3 Brilliant 2013 11 20 Brilliant 2013 11 20Envision Global 2014 3 20 Brilliant 2013 11 20 Envision Global Envision Global (1) MDC Tech 2014 3 17 2013 11 20 92

(2) MDC Tech 2014 3 17 2013 11 20 MDC TechMDC Tech 4 (3) Mega Sky Industrial Limited 2014 3 17 2013 11 20 Mega Sky Industrial LimitedMega Sky Industrial Limited 4 (4) 2014 6 302014 6 26 2014 6 30 2014 6 26 5. Comtech China Comtech China2012 11 15 78486.5 Envision Global BrilliantComtech China 93

3 23.0 398,000 2012 11 15Envision GlobalComtech China Envision Global 23.0 398,000 2012 11 16 Envision Global 2013 9 2014 3 2013 12 1Comtech China Envision Global72.9 444.0 Comtech China Comtech China 2013 12 1 2012 11 15 Envision Global Envision GlobalComtech China 92,000 560,000 Comtech China 72.8 443.4 Comtech China 2014 3 6 Comtech China 2012 11 15 Comtech China 2012 11 152013 12 1 Comtech China Comtech China 2013 12 1 462.3 2013 12 1 462.3 443.4 Envision GlobalComtech China 94

Comtech ChinaEnvision Global 100% Envision Global 70% 100% Total Dynamic 30% Envision Global ( Comtech China ) Vision Well Envision Online Total Dynamic (1) 6. 2014 3 13 ICP Cogobuy Holding 2013 2 1Cogobuy Holding Total Dynamic 30% 2006 8 8 2006 9 8 2009 6 22 95

(i) (ii) (iii) (iv) [2005]75 75 75 75 75 75 75 2014 5 1975 2014 3 1 30,200,0002.20% 96

100% Envision Global 70% (1) 100% Total Dynamic 30% 100% Gold Tech Mega Smart Comtech Broadband Comtech HK Alphalink Global Vision Well Envision Online Cogobuy Holding 60% 100% 70% 100% 100% 100% (3) 100% 100% (4) 100% HKJJT Silver Ray Cogobuy 100% 100% 100% (2) (1) (2) 100% (3) Boost Up Group Limited 40% (4) Broad Wise Holdings Limited 30% 97

(1) 100% 100% Envision Global Total Dynamic 2.20% 50.95% 21.83% 25.02% 100% Gold Tech Mega Smart Comtech Broadband Comtech HK Alphalink Global Vision Well Envision Online Cogobuy Holding 60% 100% 70% 100% 100% 100% (3) 100% 100% (4) 100% HKJJT Silver Ray Cogobuy 100% 100% 100% (2) (1) (2) 100% (3) Boost Up Group Limited 40% (4) Broad Wise Holdings Limited 30% 98

2013 IC 2013 39 IC 500 3 IC 2013 2 IC IC IC IC 2011 2012 2013 12 31 2014 3 31 61.3% 60.0% 44.1% 47.2% 38.7% 40.0% 55.9% 52.8% 20132014 TechWeb 2013 9 99

IC 100

20112013 12 31 1,169.9 2,391.8 20132014 3 31385.71,350.5 20132013 12 31 1,326 15 25.4 2014 3 31 178.9 3.5 (1) 12 31 3 31 2011 2012 2013 2013 2014..................... 1,169,948 1,568,372 2,417,277 387,572 1,354,018................. (1,097,451) (1,471,096) (2,215,191) (363,047) (1,251,578)..................... 72,497 97,276 202,086 24,525 102,440 (1) 2012 11 15 (i) 2011 (ii) 2012 1 1 2012 11 15 2012 2 1 2012 12 31(iii)2013 2014 3 31 IC 2013 IC 2012 5% 101

2013 12 31 2014 3 31 3915 201120122013 97.9% 96.5% 96.5% IC B2C 2013 12 31 2014 3 31 147,000 168,0002013 B2C 1,000 TechWeb 102

2013 9 IC 2014 3 31IC 51,000 500 IC 18 IC 103

IC 2013 7 IC 104

2014 Microsoft Gold Certified Partner Cogobuy 105

IC IC 2013 IC IC 2013 98.9% 1.1% 106

cogobuy.com cogobuy.comcogobuy.com (i) (ii) (iii)(iv) IC Cogobuy.com 107

Cogobuy.com IC 2011 Total Dynamic Limited Cogo, Inc Total Dynamic Limited 2011 6 16 2012 1 1 Total Dynamic Limited cogobuy.comcogo, Inc Cogo, Inc Total Dynamic Limited Total Dynamic Limited 1%2013 2 Total Dynamic Limitedcogobuy.com2013 7 2011 2012 2013 12 31 2014 3 31 cogobuy.com 198 1,305 19,089 21,903 (i) Total Dynamic Limited 2011 2012 2013 2013 2 (ii) 2013 2 Total Dynamic Limited cogobuy.com 12 31 2011 2012 2013 2014 3 31 (1)........... 165 660 2,753 3,141............. 15 39 95 99........... 150 621 2,658 3,042 108

12 31 2011 2012 2013 2014 3 31 (1)... 190,640 674,578 3,970,930 1,529,396............. 49,799 347,994 2,064,537 802,179........... 140,841 326,585 1,906,393 727,216 12 31 2011 2012 2013 (1)........... 1,155 1,022 1,442......................... 3,320 8,923 21,732....................... 939 526 717 (1) cogobuy.com cogobuy.com cogobuy.com 20132014 cogobuy.com cogobuy.com 12 31 2011 2012 2013............... 64.8% 62.9% 64.7% (1)... 97.8% 98.6% 99.2% (1) (a)(b) 2013 3 312013 12 312014 3 31 522.3 1,532.0 1,529.7 109

cogobuy.com cogobuy.com 110

2013 1 cogobuy.com QR 120 111

112

cogobuy.com cogobuy.com Cogobuy.com IC 15 2012 12 3120,200 2013 12 31 48,000 2014 3 3151,000 113

15 (FPGA) (CPLD) SOC ICIC IC IC IC 20112012 2013 12 31 2014 3 31 8.6 29.8 28.5 31.5 2.5% 114

201242 201329 30 30 60 90 115

2011 2012 2013 97.9% 96.5% 96.5%2013 21192013 52.5% 47.5%2014 3 31 802.2 727.2 52.5% 47.5% IC (i) (ii) 2013 1,898 69.3% 39 201399.2% IC B2C 2011 2012 2013 10.2 216.7 3,915.0 267,000 512,000 1.4 2013 2014 3 31 522.3 1,529.7 2013 12 31 2014 3 31 147,000 168,000 cogobuy.com 116

201120122013 12 31 2014 3 31 28.9% 22.6% 27.0% 37.8%10.4% 6.5% 6.8% 12.5% 5% 2013 2011 20112012 2013 1,762 1,579 2,642 400 30 3 201321,000 5 20125% 117

IC 201120122013 12 31 2014 3 31 61.3% 60.0% 44.1% 47.2% 201120122013 37 57 95 400 60 90 201120122013 12 31 2014 3 31 38.7% 40.0% 55.9% 52.8% 2014 3 31500 118

IC IC 30 30 90 2011 2012 2013 63.4 85.4 97.7 IC 2013 12 31 2014 3 31 201120122013 12 31 2014 3 31 70.0% 73.2% 71.6% 63.2% 119

21.0% 26.9% 21.8% 16.6% 5% 2013 7 2013 12 31 2014 3 31 1% 1% 5% IC 120

2013 12 11 iic 360 IC TechWeb 2014 3 31cogobuy.com21,903 121

cogobuy.com IC IC IC 2014 3 31 55 122

3,000 2011 2012 2013 12 312014 3 31 0.3% 0.2% 0.1% 0.1% cogobuy.com cogobuy.com 123

2014 3 31167 34.1% 75% 2012 5%2013 IC 124

B2B IC B2B B2B 125

2014 3 31 490 2014 3 31....................................................... 29................................................. 129................................................... 55....................................................... 179....................................................... 31............................................ 67....................................................... 490 126

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13 13 ICP 2013 7 16 2018 7 16 128

2013 11BrilliantEnvision Global 2013 9 Envision Global 2014 1 2010 1,368,000 2013 11 20 Envision Global Envision Global Brilliant2014 3 26 Brilliant Brilliant Envision Global 2014 5 30 200,000 Brilliant 129

ICP ICP Cogobuy ICP ICP Cogobuy Cogobuy Cogobuy Cogobuy 2014 3 26 2013 7 16 ICP 2014 3 21 2014 3 21 ICP 130

131 2014 4 16 1,000 10,000 (i) (ii) 20,000

3.08 3.09 8.04 ICP (i)(ii) (iii) (iv) 132

Cogobuy Cogobuy Cogobuy Cogobuy Cogobuy Cogobuy ICP ICP ICP ICP ICP ICP 2014 6 133

ICPICP Total Dynamic cogobuy.com ICP cogobuy.com ICP ICP ICPcogobuy.com ICP ICPcogobuy. comicp2013 12 31 2014 3 311% 1%2012 2 12012 12 31 ICP ICP 2013 12 311%2012 2 12012 12 31 ICP 2006 134

2014 1 2014 3 2014 3 3118 179 25 135

136

21.83% (a) (b) 137

(a)(b) (U.S. Export Administration Regulations) ECCN ECCNECCN 2012........ 2012 9 2012...... 2012 11 2012...... 2012 11 2013EnfoCommerce 2013 3.................... 2013.......... 2013 4 2013.............. 2013 7 2013........ 2013 12 138

cogobuy.com ICP cogobuy.com (2011) 2001 12 11 2008 9 10 ICP 50% 139

Comtech International 2000 7 2005 3 2009 5 2010 2 cogobuy.com 4. Envision Global 2013 11 2013 11 2013 12 31 3,713,0002014 12 31 8,500,000 2013 2013 11 140

2006 7 13 ICPICP ICP ICP ICP ICPICP 2000 9 25 2011 1 8 ICP Total Dynamic 30% Cogobuy Holding 2013 2 1 Cogobuy Holding 2014 3 13 141

201120122013 1% ICP cogobuy.com (i) (ii) (iii) cogobuy.com cogobuy.com ICP ICP cogobuy.com cogobuy.com cogobuy. com cogobuy.com cogobuy.com cogobuy.com cogobuy.com ICP cogobuy.com 142

cogobuy.com cogobuy.co IC 2013 556 2013 20.3% cogobuy.com (1) (2) cogobuy.com (3) cogobuy.com LD43-3 ICP 143

ICP cogobuy.com ICP ICP ICP cogobuy.com cogobuy.com cogobuy.com 144

(1) (2) (3) (4) (1) (2) (3) (4) (6) (5) (5) 100% (1) (2) (3) (4) (5) (6) (7) 2014 3 13 145

(i) (ii) (iii)(iv) (i) 146

(ii) (iii) 30 2014 3 13 147

cogobuy.com 148

30 2014 3 13 (i) 30 (ii) 149

150

2014 3 13 (i) (ii) 2014 3 13 151

152

(i) (a) (b)100 10128 (ii) 153

(iii) 2014 3 13 (i) (ii) 154

2014 3 13 100% (i) (ii) (iii) 155

B. 1. 156

(a) (b) (c) (d) (e) (f) 2006 9 (1) (2) 52 157

(i) (ii) 52 (i) (ii)(iii) (iv) (v) 52 10 158

2013 2 1 159

Envision Global 50.95% Envision Global ENVISION GLOBAL BRILLIANT....................................................... 37.8% Envision Global.............................................. 100% Brilliant..................................................... 100% 2012 10 232012 Alphalink Global Comtech HK Comtech China 78 2. 2013 9 23 Brilliant Brilliant 80 Cogo Engineering Services LimitedCogo Engineering Comtech Broadband Holding LimitedComtech Broadband Holding Comtech Wireless LimitedComtech Wireless Long Rise Holdings LimitedLong Rise Mega Smart Group LimitedMega Smart Reliable Group LimitedReliable Gold Tech Holdings LimitedGold Tech Holdings 160

Brilliant Envision Global Brilliant Gold Tech Holdings Mega Smart Comtech Broadband Holding Reliable Comtech Wireless Cogo Engineering Long Rise 2013 11 20Comtech Broadband Holding Reliable 3 2014 1 31Brilliant3.5 Reliable Comtech Wireless Cogo Engineering Long Rise Brilliant Envision Global Brilliant Brilliant IC Reliable Comtech Wireless Cogo Engineering Long Rise Reliable Comtech Wireless Cogo Engineering Long Rise BrilliantBrilliant 161

2013 11 20 Brilliant (1) Gold Tech Holdings (2) Mega Smart (3) Comtech Broadband Holding 3 4. Envision Global 2013 11 30 Brilliant Comtech China 72,875,000Comtech China 92,00072,783,000 Comtech China Brilliant Comtech China 2. Brilliant Envision Global Brilliant Comtech China Brilliant............................. (1) Brilliant...................................................... IC (1) 162

163

8.10 8.10 Brilliant Total Dynamic Brilliant2013 11 20 Envision Global Total Dynamic2013 2 1 Total Dynamic 164

14A A............................ B. 14A 14A 1. (i) 14A(ii) (iii) 14A IC 14A 165

(i) (ii) 14A 14A (a) 166

(b) (c) (d) 14A.105 (i) 14A (ii) (iii) (a) (b) (d) 14A (e) (c) (i) (ii) (iii) 167

(d) 14A (e) (1) (2) (i) (ii) (iii) (d) 168

(3) 3000 740 (4) 14A 14A (5) C. (B) 14A.105 14A.105 169

D. (B) (i) (ii)(iii) (B) 170

.. 44.. 39.. 48..... 50..... 56 2014 3 2000 7 2014 3 2003 10 2014 6 * 2014 6 * 2014 6 * * 171

442014 3 1991 7 18 2002 VIEW 2000 Viewtran Inc. 392014 3 1997 11 2000 10 2009 5 2000 7 2012 8 15 1997 200320032013 49 3.10(2) 1986 4 1989 4 1995 12 2003 5 2010 7 20012005 172

2005TDF Capital LLP2007 4 2011 1 2007 2008 2013 300205 300274 3.10(2) 173

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2011 12 312012 1 12012 11 15 1.8 1.5 2012 2 1 2012 12 31 2013 12 31 2014 3 31 2014 3 31 0.2 2.2 2.3 6 7 2014 12 31 3.03 2011 20122013 12 312014 6 30 201120122013 12 31 2014 3 31 3A.19 3A.23 177

14 14 14 A.2.1 178

XV2 3 10% (1)(2)............ 700,000,000 70% 50.95% 1,800,000 0.13% Envision Global (1)........ 700,000,000 70% 50.95% (3)............. 300,000,000 30% 21.83% Total Dynamic (3)........ 300,000,000 30% 21.83% (1) Envision Global 100% (2) Envision Global 51.08% (3) Total Dynamic 100% XV2 3 10% 179

500,000,000,000..... 50,000 1,000,000,000....... 100 343,800,000........ 34.38 30,200,000......... 3.02 1,374,000,000....... 137.40 20% 180

2014 6 27 10% 2014 6 27 181

50,000,000 3.84 100,932,000 7.3% 2014 7 18 Blueberry Capital Limited Blueberry Capital Limited 10,000,000 1,000 3.84 Blueberry Capital Limited 20,186,000 1.5% Blueberry Capital Limited P.O. Box 957, Offshore Incorporation Centre, Road Town, Tortola, British Virgin Islands Blueberry Capital Limited 182

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(3) (4) 184

2012 2 1 2012 12 312013 12 31 2014 3 31 2011 12 31 2012 1 1 2012 11 15 2012 2013 12 31 2013 IC 2013 12 31 2014 3 31 3915 IC 500 IC 2013 2.0 2016 3.0 IC 2011 1,169.92013 2,391.8 2013 7 2013 1525.4 185

2012 2 1 2012 12 31 2013 12 31 2014 3 31 (i) 2012 11 15 (ii) Total Dynamic2013 2 1 (iii) Envision Global2013 11 20 C D (i) Total Dynamic 2011 1 4Total Dynamic (ii) Envision Global 2011 1 1 2011 12 31 2012 1 1 2012 11 15 20122013 12 31 2012 11 152012 11 15 2012 12 31 2013 12 31 2013 2 12013 11 20 Total Dynamic Envision Global 2013 Total Dynamic Envision Global 186

2013 2011 2012 2013 2012 2 1 2012 11 15 2013 Total Dynamic 2013 2 1 Envision Global 2013 11 20 2012 11 152011 12 31 2012 1 1 2012 11 15 20112012 1 1 2012 11 15 201120122013 12 31 187

IC 2013 7 cogobuy.com 12 31 2011 2012 2013............................. 1,799 1,636 1,967 (2) (1)....................... 38 423 1,967 (2) (1)....................... 1,761 1,213........................... 1,326 (2)............................. 1,799 1,636 2,737 12 31 2011 2012 2013............................. 1,169,948 1,568,372 2,391,838 (1)................... 10,162 216,738 2,391,838 (1)................... 1,159,786 1,351,634........................... 25,439......................... 1,169,948 1,568,372 2,417,277 188

(1) cogobuy.com cogobuy.com cogobuy.com cogobuy.com (2) 556 2013 12 31 3 31 2011 2012 2013 2013 2014.............. 452,368 627,174 1,337,318 150,403 712,454............ 717,580 941,198 1,054,520 235,247 638,033..................... 1,169,948 1,568,372 2,391,838 385,650 1,350,487 2014 3 31 500 51,000 189

2013 2013 2 1 Total Dynamic cogobuy.com2013 11 20 Envision Global2013 26.5% 26.4%27.8% (i)(ii) (iii) 190

(i) (ii) (ii) (i) 191

5 5 1 5 3 5 9 11 192

193

194

195

IC 20122013 2012 11 15 196

20122013(i) 2012 11 15 (ii) 2013 2 1 Total Dynamic(iii) 2013 11 20 Envision Global 2013 3 312013 12 31 2013 3 312013 12 31 2410 2012 2 1 2012 12 31 2013 12 31 2013 2013 3 31 12 31 2014 3 31..................... 199,306 2,417,277 387,572 1,011,920 1,354,018................. (145,688) (2,215,191) (363,047) (920,742) (1,251,578)..................... 53,618 202,086 24,525 91,178 102,440................. 375 1,406 615 308 72..... (11) 1,037 739.......... (1,187) (13,749) (2,580) (6,731) (15,513)................. (8,254) (16,144) (2,598) (7,660) (7,486)...... (3,768) (51,996) (6,819) (22,790) (37,032)................. 40,773 122,640 13,143 55,044 42,481................. (2,574) (20,192) (4,118) (7,487) (9,241)............... 38,199 102,448 9,025 47,557 33,240................... (8,580) (15,883) (2,107) (6,610) (4,251)............. 29,619 86,565 6,918 40,947 28,989 197

2011 12 31 2012 1 12012 11 15 20122013 12 31 4.04(1) 4.05A 2011 12 31 2012 1 1 2012 11 15 2011 12 31 2012 1 12012 11 15 20122013 12 31 2011 12 31 2012 1 1 2012 2012 12 31 11 15 2013 12 31...................... 1,169,948 1,369,066 1,568,372 1,788,044.................. (1,097,451) (1,325,408) (1,471,096) (1,679,949)...................... 72,497 43,658 97,276 108,095.................. 14,356 11,184 11,559 11,550............. 737 726 298........... (9,571) (8,658) (9,845) (7,882).................. (9,503) (9,435) (17,689) (8,214)....... (28,584) (27,434) (30,537) (31,514).................. 39,195 10,052 51,490 72,333.................. (4,006) (3,916) (6,490) (16,331)................ 35,189 6,136 45,000 56,002.................... (8,365) (2,602) (11,187) (12,903).............. 26,824 3,534 33,813 43,099 198

IC 2013 12 31 2014 3 311% 0.3% 2012 2 1 2012 12 31 2012 2 1 2012 12 31 2013 12 31 2014 3 31 199.3 2,417.3 1,354.0 2012 2 1 2012 12 312013 12 31 2013 3 3110%2014 3 3110% 169.9 2012 2 12012 12 31 2013 12 31 2014 3 31 2012 2 1 2012 12 31 2013 12 31 2014 3 31145.7 2,215.2 1,251.6 73.1% 91.6% 92.4% 2012 2 1 2012 12 31 2013 12 31 2014 3 31 2012 2 1 2012 12 31 2013 12 31 2014 3 31 0.4 1.4 0.1 0.2% 0.1% 0.01% 2013 Comtech China 0.7 199

2012 2 1 2012 12 31 2013 12 31 2014 3 31 2012 2 1 2012 12 31 2013 12 31 2014 3 31 1.0 2012 2 1 2012 12 31 2013 12 31 2014 3 31 1.2 13.7 15.5 0.6% 0.6% 1.1% 2012 2 1 2012 12 31 2013 12 31 2014 3 318.3 16.1 7.5 4.1% 0.7% 0.6% 2013 12 31 2012 2 1 2012 12 31 2013 12 31 2014 3 31 3.8 52.0 37.0 1.9% 2.2% 2.7% 60 200

2012 2 1 2012 12 31 2013 12 31 2014 3 312.6 20.2 9.2 1.3% 0.8% 0.7%2012 2 1 2012 12 31 2013 12 31 2014 3 31 1.8 14.1 7.7 0.8 6.1 1.6 2012 2 1 2012 12 31 2013 12 31 2014 3 31 8.6 15.9 4.3 22.5% 15.5% 12.8% 20112012 12 31 2013 12 31 2014 2012 2 1 2012 12 312013 12 31 16.5% 2008 1 1 25% 25% 2013 2 3 20132014 2015 2017 12.5% 2018 25% 201

2008 1 1 10% 2008 1 1 25% 5% IC IC 2013 12 31 201120122013 12 311,169.9 1,568.4 1,788.0 2011 12 31 10% 121.9 20122013 12 31 10% 2011 2012 2013 12 31 1,097.5 1,471.1 1,679.993.8% 93.8% 94.0% 202

201120122013 12 31 14.4 11.6 11.6 1.2% 0.7% 0.6% 2011 2012 2013 12 31 0.7 0.3 201120122013 12 319.6 9.8 7.9 0.8% 0.6% 0.4% 201120122013 12 31 9.5 17.7 8.2 0.8% 1.1% 0.5% 201120122013 12 31 28.6 30.5 31.52.4% 1.9% 1.8% 60 203

201120122013 12 31 4.0 6.5 16.3 0.3% 0.4% 0.9% 2011 20122013 12 31 4.0 5.7 10.20.8 6.1 201120122013 12 318.4 11.2 12.9 23.8% 24.9% 23.0% 20112012 12 312013 12 31 2014 2011 12 31 2012 1 1 2012 11 15 20122013 12 31 16.5% 2007 3 16 25%2008 1 1 25% 2008 1 1 15% 2 3 2008 1 1 2007 3 16 204

20112012 24% 25% 2011 2012 2013 12% 24%25% 2008 1 1 10% 2008 1 1 25% 5% 201120122013 12 31 2012 2 1 2012 12 31 2012 1 1 2012 11 15 2012 12 31 2013 3 312013 12 31 2014 3 31 12 31 2011 (1) 2012 (2) 2013 (3) 3 31 (3) 12 31 (3) 2013 2013 2014 3 31 (3)................ 1,169,948 1,568,372 2,417,277 387,572 1,011,920 1,354,018............ (1,097,451) (1,471,096) (2,215,191) (363,047) (920,742) (1,251,578)................ 72,497 97,276 202,086 24,525 91,178 102,440 205

(1) (2) (3) 2014 3 31 2013 12 312013 3 31 2014 3 311,354.0 1,350.5 3.5 2013 12 31 1,011.9 33.8% Envision Global 2014 3 312013 12 31 Envision Global Total Dynamic 826.0 625.8 2014 3 31 2013 3 31 387.6 249%2013 2013 2014 3 31 Envision Global Total Dynamic 1.9 826.0 Envision Global2013 11 20 Envision Global cogobuy.comcogobuy.com Envision Global 2014 3 31 1,251.6 2013 12 31 920.7 35.9% 39.6 37.7 2014 3 31 2013 3 31 363.0 245% 39.6 20.3 2014 3 31102.4 2013 12 31 91.2 12.4% Envision Global Total Dynamic 206

38.4 41.6 2013 12 319.0% 2014 3 317.6% 2013 11 Envision Global 2013 11 20 Envision Global Envision Global100%Envision Global Envision Global 10% Envision Global Envision Global2013 12 31 7.6%2014 3 317.6% 2014 3 31 2013 3 31 24.5 318% Envision Global Total Dynamic 38.4 1.9 2013 3 316.3% 2014 3 31 7.6% 100% 2014 3 310.1 2013 12 31 0.3 2013 12 Comtech China 2014 3 31 2013 3 31 0.62013 12 Comtech China 2014 3 31 15.5 2013 12 31 6.7 131.3% 7.8 2014 3 31 2013 3 31 2.6 496.2% 7.8 1.2 1.2 2014 3 317.5 2013 12 31 7.7 2.6% 2014 3 31 2013 3 31 2.6 188.5%3.9 2014 3 31 37.0 2013 12 31 22.8 62.3% 207

2014 3 31 13.9 6.5 5.4 2014 3 31 2013 3 31 6.8 444.1% 2014 3 31 13.9 5.3 6.5 2014 3 31 4.3 2013 12 31 6.6 34.8% 2014 3 31 12.8%2013 12 31 13.9%2014 3 31 Envision Global 2014 3 31 2013 12 31 2013 11 20 2014 3 31 2013 3 31 2.1 104.8% 2013 3 31 23.3%2014 3 31 12.8%Envision Global 2014 3 31 Comtech China 2013 12 1 2014 3 31 2014 3 3129.0 2013 12 31 40.9 29.1%4.0% 2.1% 2013 11Envision Global 2014 3 31 2014 3 31 2013 3 31 6.9 320.3%1.8% 2.1% 100% 2012 11 15 2012 2 12012 11 15 208

2013 12 31 2012 12 31 2013 12 31 2,417.3 2012 12 31 1,568.4 54.1%2013 7 2012 12 311,568.42013 12 312,391.8 1,636 1,9671.0 1.2 2013 7 1,326 25.4 2013 12 31 2,215.2 2012 12 31 1,471.1 50.6% 20132012 12 31 97.7 85.4 2013 12 31 202.1 2012 12 3197.3 107.7% 2013 12 31 8.4%2012 12 31 6.2%Total Dynamic 2012 12 31 2011 12 31 2012 12 31 1,568.4 2011 12 311,169.9 34.1% 2011 0.7 2012 1.0 2012 12 31 1,471.1 2011 12 31 1,097.5 34.0% 209

20122011 12 31 85.4 63.4 2012 12 31 97.3 2011 12 31 72.5 34.2% 2012 12 31 6.2%2011 12 31 6.2% 2012 2 12012 12 312013 12 31 2012 11 15 2012 11 152013 2013 2012 2013 2013 12 31 2013 12 31 2,417.3 IC 1,776.7 IC 25.4 Total Dynamic 615.1 Envision Global IC 2013 12 31 2,215.2 1,630.9 IC 584.3 Envision Global IC 210

2013 12 31 202.1 145.8 25.4 Total Dynamic 30.8 Envision Global 2013 12 31 1.4 2013 2013 12 31 13.7 3.30.72.7 3.7 2013 12 31 16.1 11.8 1.7 0.2 2013 12 31 2013 12 31 52.0 11.5 4.1 11.4 4.6 2013 12 3115.9 15.5% 2013 12 31 2013 12 31 86.6 3.6% 2012 2 1 2012 12 31 2012 2 1 2012 12 31199.3 IC 2012 11 15 211

2012 2 12012 12 31145.7 2012 11 15 2012 2 1 2012 12 3153.6 2012 11 15 2012 2 1 2012 12 310.4 2012 2 12012 12 31 1.2 0.50.07 0.3 0.2 2012 11 15 2012 2 1 2012 12 318.3 1.6 0.09 6.3 IC 2012 2 12012 12 31 2012 11 15 2012 2 12012 12 31 3.8 1.6 0.41.0 2012 11 15 2012 2 1 2012 12 31 8.6 22.5% 2012 2 1 2012 12 31 2012 2 1 2012 12 3129.6 14.9% 201120122013 12 31 212

2013 12 31 2012 12 31 2013 12 31 1,788.0 2012 12 31 1,568.4 14.0% 2013 12 31 1,679.9 2012 12 311,471.1 14.2% 2013 12 31 108.1 2012 12 31 97.3 11.1% 2013 12 31 6.0%2012 12 31 6.2% 2013 12 31 0.3 2012 12 310.7 59.0% 2013 12 31 7.9 2012 12 319.8 19.9% 2013 12 31 8.2 2012 12 3117.7 53.6% 2.0 2013 2012 6.3 2013 12 31 31.5 2012 12 3130.5 213

2013 12 31 16.3 2012 12 316.5 151.6% 6.1 10.2 2013 6.160 Envision Global Total Dynamic 2013 4.5 2013 12 3112.9 2012 12 31 11.2 15.3% 2013 12 31 23.0%2012 12 31 24.9% 2013 12 31 43.1 2012 12 31 33.8 27.5% 2.2% 2.4% 2012 12 31 2011 12 31 2012 12 31 1,568.4 2011 12 31 1,169.9 34.1% 2012 12 31 1,471.1 2011 12 311,097.5 34.0% 2012 12 31 97.3 2011 12 31 72.5 34.2% 2012 12 31 6.2%2011 12 31 6.2% 2012 12 31 9.8 2011 12 319.6 2.9% 214

2012 12 31 17.7 2011 12 31 9.5 86.1% 1.2 2012 6.5 2012 12 31 30.5 2011 12 3128.6 6.8% 2011 12 31 2.4% 2012 12 31 1.9% 2012 12 31 6.5 2011 12 314.0 62.0% 1.7 0.8 2012 11 2012 12 3111.2 2011 12 318.4 33.7% 2012 12 3124.9%2011 12 31 23.8% 2012 12 31 33.8 2011 12 31 26.8 26.1% 2.3% 2.2% 215

2012 12 31 2013 12 31 2014 3 31............. 7,097 1,216 1,180..................... 2,337 31,291 29,394.......................... 2,166 154,136 154,136............... 321 663 894 11,921 187,306 185,604.......................... 107,225 243,800 400,757........... 332,266 656,766 615,987............... 25,906 105,541................... 81,900 233,081 251,778............. 52,400 281,542 314,013 599,697 1,520,730 1,582,535........... 42,176 433,198 464,485..................... 443,858 929,388 912,237............... 66,900 1,000 1,554..................... 9,749 10,020 14,790................. 37,014 147,124 189,469............. 48,935 334,430 375,073................. 386 5,164 4,851..................... 48,549 329,266 370,222.......................... 1 1.......................... 48,549 325,027 361,416................... 4,238 8,805....................... 48,549 329,266 370,222 216

IC 2012 12 31 2013 12 31 2014 3 31....................... 484....................... 106,741 243,800 400,757 107,225 243,800 400,757 2012 12 31 106.72013 12 31 243.8 2013 2013 12 31 243.82014 3 31 400.8 2012 2 1 2012 12 31 2013 12 31 2014 3 31 (1)............... 42 29 24 (1) 46/365/89 2012 11 15 2012 12 31 2012 2 12012 12 312013 12 31 2014 3 31 337 2014 3 3184.2%2014 6 20 30 60 90 217

2012 12 31 2013 12 31 2014 3 31................. 217,065 622,691 597,179..................... 31,423 27,840 9,836...... 248,488 650,531 607,015............... 82,523 5,366 7,631................. 1,255 869 1,341 332,266 656,766 615,987 2012 12 31 217.12014 3 31 597.22013 2013 12 31 Envision Global 2014 3 31 47.5 80 1.25% 1.8% 0.4% 0.6% 120 150 90% 218

2012 12 31 2013 12 31 2014 3 31 2012 12 31 2013 12 31 2014 3 31 2012 12 31 2013 12 31 2014 3 31 1............ 63,691 168,364 131,479 55,451 277,788 282,229 119,142 446,152 413,708 1 2........... 25,934 50,314 58,795 41,580 92,472 53,945 67,514 142,786 112,740 2 3........... 20,843 2,800 34,791 21,392 16,747 31,294 42,235 19,547 66,085 3.......... 14,149 25,550 2,504 5,448 16,496 11,978 19,597 42,046 14,482 124,617 247,028 227,569 123,871 403,503 379,446 248,488 650,531 607,015 522.6 2014 3 3187.5% 2014 6 20 2012 2 1 2012 12 31 2013 12 31 2014 3 31 (1).................. 52 68 41 (1) 46/365/89 2012 11 15 2012 12 31 2012 2 12012 12 312013 12 31 2014 3 31 219

2012 2013 12 31 2014 3 31 20122013 12 31 Envision Global25.9 4.52012 Envision Global Brilliant Group101.0 2013 12 31 2014 3 2012 12 31 23.3 20122013 12 31 43.6 1.0 2014 3 31 1.6 IC 30 2012 12 31 2013 12 31 2014 3 31................. 35,099 412,527 430,802................. 3,025 5,939 3,922................. 4,052 14,732 29,761 42,176 433,198 464,485 220

2012 12 31 35.1 2014 3 31 430.8 2013 2012 12 31 2013 12 31 2014 3 31 1...................... 20,841 267,144 364,588 1 3..................... 2,198 130,119 31,074 3.................... 12,060 15,264 35,140 35,099 412,527 430,802 2012 2 1 2012 12 31 2013 12 31 2014 3 31 (1)....... 17 37 30 (1) 46/365/89 2012 11 15 2012 12 31 2012 2 12012 12 312013 12 31 2014 3 31 221

2012 2 1 2012 12 31 2013 12 31 3 31 2013 2014.. 37,840 (26,269) 28,979 85,174.. (124,310) (184,196) 1,464 (8,288).. 141,096 441,485 (26,409) (51,853)..... 54,626 231,020 4,034 25,033...... 52,400 52,400 281,542.................. (2,226) (1,878) (81) 7,438...... 52,400 281,542 56,353 314,013 2014 3 3185.2 33.2 (a)9.2 6.5 101.6 55.0 (b) 148.7 2013 3 3129.0 9.0 (a)4.1 1.3 124.9 43.5 (b) 134.3 222

2013 12 31 26.3 102.4 (a)20.2 7.0 432.6 (b) 391.4 143.4 96.7 2014 20132013 11 Envision Global 2013 2013 2014 2012 2 1 2012 12 3137.8 38.2 (a)2.6 61.522.5 (b) 103.9 2014 3 318.3 12.3 Comtech China 4.0 2013 3 311.5 1.0 0.6 Total Dynamic 223

2013 12 31 184.2 155.9 49.8 Comtech China 2012 2 12012 12 31124.3 81.9 42.7 2014 3 3151.9 41.6 9.2 2013 3 3126.4 28.7 4.1 2013 12 31 441.5 505.8 43.4 21.0 2012 2 1 2012 12 31141.1 80.4 43.6 18.9 224

12 31 3 31 5 31 2012 2013 2014 2014........................... 107,225 243,800 400,757 475,526............ 332,266 656,766 615,987 771,226................ 25,906 105,541.................... 81,900 233,081 251,778 253,021.............. 52,400 281,542 314,013 185,969.................. 599,697 1,520,730 1,582,535 1,685,742............ 42,176 433,198 464,485 506,156...................... 443,858 929,388 912,237 933,757................ 66,900 1,000 1,554 2,603...................... 9,749 10,020 14,790 21,340.................. 562,683 1,373,606 1,393,066 1,463,856.................. 37,014 147,124 189,469 221,886 2012 12 31 2013 12 31 20132013 12 31 147.1 2014 5 31 221.9 2014 12 225

12 31 2012 2013 2014 3 31 2014 5 31........................ 1,469 4,808 6,518 6,068................ 13 5,114 4,240 3,494 1,482 9,922 10,758 9,562 2012 12 31 1.5 2014 3 31 10.8 2013 2012 2 1 2012 12 31 2013 12 31 2014 3 31............. 48 381 68.......................... 253.......................... 48 634 68 2012 2 1 2012 12 31 0.05 2013 12 310.6 2014 12 31 20122013 12 31 2014 5 31 226

20122013 12 31 2014 3 31 5 31 443.9 929.4 912.2 933.8 2012 12 31 2013 12 31 2014 3 31 20122013 12 31 2014 3 31 2012 12 31 2013 12 31 2014 3 31 2014 5 31...... 2.4% 443,858 2.3% 929,388 2.2% 912,237 2.2% 933,757........ 2.5% 423,647 2.5% 421,943 2.5% 435,648 2.5% 424,803 2014 12 31 60 250,000 Envision Global2013 11 20 2014 12 31 Envision Global 227

20122013 12 31 2014 3 31 (a) (b) 40 2,500,000 2012 2013 12 31 2014 3 31 12 31 2012 2013 2014 3 31 2014 5 31.................. 594,975 242,148 248,656 249,884............. (312,755)........... (200,884) (143,001) (228,174) (237,159).................... 81,336 99,147 20,482 12,725 2012 12 31 288.4 2013 12 31 60.6 2014 3 31 62.2 2012 2013 12 31 2014 3 31 228

2012 2013 12 31 2014 3 31 12 31 2012 2013 2014 3 31 2014 5 31.................. 311,505 1,510,399 1,265,036 1,321,263.................... (242,974) (786,387) (684,063) (696,598)... (223,001) (295,391) (287,741).................... 68,531 501,011 285,582 336,294 2012 12 31 81.9 207.9 2013 12 31 172.5 484.02014 3 31 189.6 199.3 2013 6 28 50% B.19(c) B.18(c) 2014 5 31 933.8 2014 5 31 20122013 12 31 2014 3 315 31 20122013 12 31 2014 3 31 5 31 229

2012 2013 12 31 2014 5 31 30 60 2012 2013 12 31 2014 3 31 36.8% 33.7% 41.5% 2012 2013 12 31 2014 3 31 7.3% 9.6% 14.9% 230

20122013 12 31 2014 3 31 2012 12 31 1 2012 12 31........... 42,176 42,176 42,176..................... 448,160 448,160 443,858............... 66,900 66,900 66,900 557,236 557,236 552,934 2013 12 31 1 2013 12 31........... 433,198 433,198 433,198..................... 935,480 935,480 929,388............... 1,000 1,000 1,000 1,369,678 1,369,678 1,363,586 2014 3 31 1 2014 3 31........... 464,485 464,485 464,485...................... 916,340 916,340 912,237............... 1,554 1,554 1,554 1,382,379 1,382,379 1,378,276 2012 12 312013 12 312014 3 312.4% 2.3% 2.2% 231

2012 2 1 2012 12 31 2013 12 31 2014 3 31 0.6 0.9 3.9 2012 2 1 2012 12 31 2013 12 31 2014 3 31 (%) (1)................... 26.9 8.4 7.6 (%) (2).......... 19.9 4.8 3.0 (%) (3)................... 14.9 3.6 2.1 (4)............... 10.0 2.8 2.5 (5)........... 9.0 2.0 1.6 (6)............... 22.1 8.2 5.3 (%) (7)............. 5.3 4.8 5.7 (%) (8)............... 66.7 25.3 27.8 (9).................... 1.1 1.1 1.1 (1) (2) (3) (4) (5) (6) 232

(7) 2012 12 31 2014 3 31 2012 2 1 2012 12 312014 3 31 (8) 2012 12 31 2014 3 31 2012 2 1 2012 12 312014 3 31 (9) 20122013 Total Dynamic Envision Global 2012 2 12012 12 312013 12 31 2012 11 152012 11 15 2012 2 12012 12 31 2012 12 31 2012 11 15 2012 2 1 2012 12 31 2012 2012 2012 2013 2012 12 31 48.52013 12 31 329.32013 Total Dynamic 2012 2013 2014 3 31 233

(i) (ii) 2014 3 Brilliant IC IC 234

Envision Global Brilliant 4.29 2014 3 31 2014 3 31 2014 3 31 2014 3 31 (1) (3)(4) (2) (5) 3.20....... 177,887 811,165 989,052 0.72 0.91 4.48....... 177,887 1,145,326 1,323,213 0.96 1.21 (1) 2014 3 31 361,417,000 154,136,000 29,394,000 (2) 2014 3 31 (3) 3.20 4.48 (4) 2014 3 31 1 0.7931 (5) 1,374,000,000 2014 3 31 235

2014 3 31 2014 3 312013 12 31 42.8 2013 12 31 2014 3 314.6 13.9 16.1 2014 12 31 8.2 13.13 13.19 236

3.84 3.20 4.481,253.8 35% 438.8 188.015% 125.410% 125.4 10% i 30%376.1 62.7 5% 188.015% 125.410% 237

25%313.5 250.820% 62.75% 125.4 10% 1,464.51,043.1 1,443.4 3.84 242.3 242.3 238

UBS AG 34,380,000 (A) (a) 239

(b) (c) (d) (e) (f) (g) (h) (i) (j) 240

(k) (l) (m) (n) (o) (p) (1) (2) (3) (4) 241

(B) (a) (b) (c) (d) 12 (e) (f) (g) (h) 242

(A) 10.08 10.08 (B) 10.07(1) (a) (b) (a) 12 (a) 10.07(2) (2) 155 (b) 243

2.07C (A) (a) (b) (c) (a) (b) (d) (a) (b) (c) (a) (b) (c) 244

(a) (b) (c) (B) (a) (i) ii (iii) (a)(i) (a)(ii) (iv)(a)(i) (a)(ii) (a)(iii) (a)(i) (a)(ii) (a)(iii) (b) (a)(i) (a)(ii) (a)(iii) (c) (a)(i) (a)(ii) (a)(iii) 245

3.5% 0.25% 0.5% 87.9 246

30 51,570,000 30 571 (i)(ii) (iii) (i) (ii) 247

(iv) (v) (vi) (ii) (iii) (iv) (v) 51,570,000 15% 30 2014 8 10 51,570,000 3A.07 248

(a) 34,380,000 (b) S 144A 309,420,000 S 34,380,000 10% (i)(ii) 2.5% 249

5 5 17,190,000 18 4.2 15 50 250

103,140,000 30% 50 100 137,520,000 40% 100 171,900,000 50% 4.48 1,000 4,525.15 4.48 251

309,420,000 90% 22.5% S 144A 252

30 51,570,000 15% 3.6% 51,570,000 15% Envision Global51,570,000 10.07(3) 253

2014 7 11 2014 7 17 4.48 3.20 4.48 1% 0.003%0.005% 3.20 2014 7 17 www.hkexnews.hkwww.cogobuy.com 254

10% 2014 7 17 www.hkexnews.hk www.cogobuy.com (a) (b) 255

(c) (d) 2014 8 7 30 2014 7 17 www.hkexnews.hk www.cogobuy.com 14. 155 (i) (ii) 256

2014 7 18 2014 7 18 1,000 257

1. eipowww.eipo.com.hk eipo 2. 18 S eipo (i) (ii) eipo 258

3. www.eipo.com.hk 2014 7 8 2014 7 11 (i) UBS AG 8 52 2 22 3 12 8 1301 1305 259

(ii)..... 213 193 209 505 25....... G8B 80 N 611 617....... G13 14 18 24 1 2 L2 2103 2014 7 82014 7 11 199 2 260

2014 7 8 2014 7 9 2014 7 10 2014 7 11 2014 7 11 4. eipo (i) (ii) (iii) (iv) (v) (vi) 261

(vii) (viii) (ix) (x) (xi) (xii) (i) (ii) S S 902 (h)(3) (xiii) (xiv) (xv) (xvi) (xvii) 262

(xviii) eipo (xix) (i) (ii) 5. eipo eipo www.eipo.com.hk eipo eipo eipo eipo 2014 7 82014 7 11 eipo www.eipo.com.hk 24 2014 7 11 eipo eipo eipo 263

eipo 40 40 342E eipo eipo eipo 6. 2979 7888 https://ipccass.com 199 2 264

(i) (ii) 265

40 266

1,000 1,000 267

2014 7 8 (1) 2014 7 9 (1) 2014 7 10 (1) 2014 7 11 (1) (1) 2014 7 82014 7 11 24 2014 7 11 40 342E 40 268

7. eipo eipo eipo (i) (ii) 2014 7 11 8. eipo 269

9. eipo1,000 1,000 www.eipo.com.hk 10. 2014 7 11 2014 7 11 270

11. 2014 7 17 www.cogobuy.comwww.hkexnews.hk 2014 7 17 www.cogobuy.com www.hkexnews.hk 2014 7 17 2014 7 23 24 www.iporesults.com.hk 2014 7 17 2014 7 20 2862 8669 2014 7 17 2014 7 19 12. (i) eipo 271

40 342E (ii) eipo (iii) (iv) 272

eipo 50% 13. 4.48 2014 7 17 14. (i) (ii) 273

2014 7 17 2014 7 18 (i) 1,000,000 2014 7 17 183 17 1712 1716 1,000,000 2014 7 17 274

(ii) 1,000,000 1,000,000 2014 7 17 2014 7 17 2014 7 17 (iii) eipo 1,000,000 2014 7 17 183 17 1712 1716 1,000,000 2014 7 17 275

(iv) 2014 7 17 2014 7 17 2014 7 17 2014 7 17 276

2014 7 17 15. 277

10 8 2012 2013 12 31 2014 3 31 2012 2013 12 31 2014 3 31 2012 2 1 2012 12 31 2013 12 31 2014 3 31 2014 7 8 2012 2 1 2219613 2012 11 15 2013 2 1 2013 11 20 B 1(b) Gold Tech Holdings Limited Mega Smart Group Limited Comtech Broadband Holding Limited Comtech (China) Holding Ltd. Comtech (HK) Holding Ltd. Alphalink Global Limited Vision Well Global Limited Envision Online Limited Cogobuy Holding Limited Silver Ray Group Limited IA-1

12 31 B 32 2012 2 1 2012 12 31 2013 12 31 2014 3 31 3.340 2014 3 31 2012 12 31 2013 12 31 2014 3 31 IA-2

2410 2013 3 31 IA-3

A 1 2012 2 1 2012 2013 2013 2014 B 12 31 12 31 3 31 3 31...................... 2 199,306 2,417,277 387,572 1,354,018.................. (145,688) (2,215,191) (363,047) (1,251,578)...................... 53,618 202,086 24,525 102,440.................. 3 375 1,406 615 72...... 3 (11) 1,037........... (1,187) (13,749) (2,580) (15,513).................. (8,254) (16,144) (2,598) (7,486)....... (3,768) (51,996) (6,819) (37,032).................. 40,773 122,640 13,143 42,481.................. 4(a) (2,574) (20,192) (4,118) (9,241)................ 4 38,199 102,448 9,025 33,240.................... 5(a) (8,580) (15,883) (2,107) (4,251).............. 29,619 86,565 6,918 28,989........... 29,619 82,099 6,918 24,777................ 4,466 4,212 29,619 86,565 6,918 28,989 IA-4

2012 2 1 2012 2013 2013 2014 B 12 31 12 31 3 31 3 31.............. 29,619 86,565 6,918 28,989............. 7 7,955 710 5,485..... 29,626 94,520 7,628 34,474........... 29,626 90,282 7,628 29,907................ 4,238 4,567 29,626 94,520 7,628 34,474 9.............. 2.962 0.089 0.010 0.025.............. 2.962 0.089 0.010 0.025 IA-5

2 B 2012 2013 2014 12 31 12 31 3 31............ 10 7,097 1,216 1,180.................... 11 2,337 31,291 29,394........................ 12 2,166 154,136 154,136............. 321 663 894 11,921 187,306 185,604........................ 14 107,225 243,800 400,757......... 15 332,266 656,766 615,987............. 16 25,906 105,541................. 19 81,900 233,081 251,778........... 17 52,400 281,542 314,013 599,697 1,520,730 1,582,535......... 18 42,176 433,198 464,485.................... 19 443,858 929,388 912,237............. 16 66,900 1,000 1,554.................... 23(a) 9,749 10,020 14,790 562,683 1,373,606 1,393,066............... 37,014 147,124 189,469........... 48,935 334,430 375,073............... 23(b) 386 5,164 4,851.................... 48,549 329,266 370,222 24........................ 1 1........................ 48,549 325,027 361,416... 48,549 325,028 361,417.................. 4,238 8,805...................... 48,549 329,266 370,222 IA-6

3 B 2012 2013 2014 12 31 12 31 3 31........... 13 485,948 671,542 689,897......... 15 462 3,944............. 16 557........... 17 12 133 6,317 12 1,152 10,261......... 18 6 5,256 21,632............. 16 44,241 62,449 58,785 44,247 67,705 80,417............... (44,235) (66,553) (70,156) 441,713 604,989 619,741..... 20 423,647 421,943 435,648.................... 18,066 183,046 184,093 24........................ 1 1........................ 18,066 183,045 184,092...................... 18,066 183,046 184,093 IA-7