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KOS INTERNATIONAL HOLDINGS LIMITED 高奧士國際控股有限公司 ( 於開曼群島註冊成立的有限公司 ) 股份代號 : 8042 股份發售獨家保薦人獨家賬簿管理人太平基業證券有限公司聯席牽頭經辦人太平基業證券有限公司生和 ( 麒麟 ) 證券有限公司

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2016 12 31 46.718.7 40.2%2017 12 31 65.4 17.2 94.2%2017 12 31 35.4 (i) 2016 12 31 2132017 12 31 352 (a) 2016 12 3129 2017 12 3134 (b) 2016 12 31 92 2017 12 31 1182016 12 31 2.32017 12 31 3.0(c) 2016 12 31 14.4 2017 12 31 30.6 (d) (ii) 0.8 (iii) 2017 12 31 (iv) 2017 12 31(v) 2017 5 3123.15.7 24.3%2018 5 3128.8 4.8 45.7%2017 5 31 932018 5 31173 (a)2017 5 3126 2018 5 3134 (b) 2017 5 31492018 5 3167 2017 5 311.9 2018 5 312.6(c) 2017 5 3110.1 2018 5 3113.3 (d) 7

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2018 5 31 201287 20171176.1% 2022 1502017 12 31800 2017 200 202228,3032018 15.6% 13

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KOS International (BVI) KOS International (BVI) Limited2017 12 27 KOS Macau 2012 12 27 KOS Macau (BVI) KOS Macau (BVI) Limited2017 12 27 KOS Staffing KOS Staffing Limited2017 9 6 2018 9 18 GEM GEM 2018 10 12 2018 9 13 20

485 608 21

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Conyers Trust Company (Cayman) Limited GEM GEM 2018 10 12GEM GEM 804210,000 49

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348,000 1961402,000 57

2017 3.943.83 20122017 1.1% 0.9%20183.96 2022 1.9%3.67 20163.8120183.83 201296.7% 2017 97.0%2012 51.0% 2016 51.7%201751.5% 6.0 5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 20122022 20122017 1.1% 0.9% -1.1% 3.66 3.78 3.73 3.86 3.75 3.87 3.80 3.90 3.81 3.92 3.83 3.94 3.83 3.96 3.67 3.68 3.68 3.67 96.7 96.8 96.8 97.3 97.2 97.0 96.8 51.0 51.7 51.7 52.0 51.7 51.5 51.2 2012 2013 2014 2015 2016 2017 2018 2018 2022 2019 2020 2021 2022 % 200 150 100 50 0 20123.2% 2017 3.5% 20122017 % 4.0 3.8 3.7 3.5 3.5 3.5 3.2 3.2 3.0 2.5 2.0 1.5 1.0 0.5 0.0 2012 2013 2014 2015 2016 2017 58

20132017 4.5% 4.5% 4.4% 4.5%2018 20224.3% 4.3% 4.2% 4.3% 20132022 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2012872016 111 6.3% 2022 1505.3% 59

20 15 10 5 0 5.499995 5.045450 4.590905 4.136360 3.681815 3.227270 2.772725 2.318180 1.863635 1.409090 0.954545 0.500000 20122022 2017 20122017 2018 2022 2017117 20 6.1% 5.3% 10.1% 15 10 8.7 8.8 9.3 9.6 11.1 11.7 12.2 12.8 13.5 14.2 15.0 37.2% 5 52.7% 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2012 332017 44 6.1% 201220172% 3.5% 2018 20225.1%202255 5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 20122022 3.3 3.8 3.8 4.1 4.1 20122017 4.4 4.5 2018 2022 6.1% 5.1% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 4.7 4.9 5.2 5.5 20127 2017119.5% 202216 8.0% 60

1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0.0 20122022 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0 0.7 0.8 0.9 0.9 20122017 1.1 1.1 2018 2022 9.5% 7.5% 1.2 1.2 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1.3 1.4 1.6 20123.3%2016 4.8% 9.8%20175.3% 61

2012 2017 30,000 25,000 20122017 20,000 15,000 13,400 14,100 14,800 15,500 16,200 17,010 10,000 5,000 0.0 2012 2013 2014 2015 2016 2017 4.9%2012 13,400 2017 17,010 2022 21,460 20172022 4.8% 2017 12 31 800 201765.4 0.6% 1980 62

2017 24.1%A6.7% BC 6.1% 5.6%2017 0.6%2017 1 2 1 A 2 B 3 C 4 D 780 700 650 350 6.7% 6.1% 5.6% 3.0% 5 E 320 2.7% (1) 2017 (2) 2017 2017 0.6% 2017 2017 63

5.8% 2011945,464 20171,369,614 64

2012 1,218.32017 1,848.38.7% 2018 1,848.320222,733.18.2% 65

20122022 20122017 2018 2022 8.7% 8.2% 2,733.1 2,800 2,525.9 2,600 2,341.7 2,400 2,148.3 2,200 1,992.9 2,000 1,800 1,564.8 1,707.4 1,848.3 1,600 1,440.7 1,327.6 1,400 1,218.3 1,200 1,000 800 600 400 200 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2012767.0 2016 776.0 0.3% 201216.4%201618.2% 201618.9% 2020500,0002 20102020 2012 5,719201713,72219.1% 2018 15,8772022 28,30315.6% 66

20122022 3,000 2,800 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 571.9 675.4 805.8 968.0 2018 20122017 2022 19.1% 15.6% 2,450.5 2,121.7 1,835.3 1,587.7 1,185.0 1,372.2 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2,830.3 2017 200 275,000 67

57 57 25,001 50,000 52(2A) 5,00110,000 56 (i) (ii) (iii) (iv) 5,001 10,000 57 (i) 68

(ii) (iii) 25,001 50,000 57A 6 10(3) 2 II 2 II 5,001 10,000 486 486 (i) 1 (ii) 2 (iii) 3 69

(iv) 4 (v) 5 (vi) 6 5858(1) (i) (ii) 65 VIA 485 485 60 18 6560 70

2014 6 125,0007,100 2014 6 1 30,0007,1005% 2014 6 11,250 2014 6 1 1,500 5% 2014 6 125,000 2014 6 1 30,000 608 608 34.5 282 282 40 100,000 48 100,000 71

619 6192015 12 14 (i) (ii) (iii) (a)(b) (c) 3 10% 72

32/94/M 2008 73

21/2009 21/2009 (i) (ii) (iii) 4/2010 4/2010 200.001,000.00 500 13/91/M 34/93/M 48/94/M 40/95/M 74

106 1978 9 921/78/M1979 1 1 ABA (i) sociedade anónimasociedades em comandita(ii)1 500,000(iii) B B M/1A B 300,000 3% 9% 300,00012%32,000 32,000 75

2017 2017 6 282017 7 28 2018 6 28 2018 2018 7 28 1986 4 122000 10 312016 9 3 1990 12 122001 4 122014 2 19 2016 10 1 2016 10 8 201622 76

2016 10 8 2018 6 29 2018 6 30 2007 11 16 2008 1 12015 2015 4 30 CEPA CEPA CEPA (i) (ii) (iii) (iv) 50% 77

CEPA (i) (ii) CEPA (iii) (iv) (v) (vi) 2007 8 302015 4 24 2007 11 5 2014 12 232015 4 302015 4 30 10,000 50,0002010 1 29 78

(i) (ii) (iii) (iv) (v) (vi) 16 (vii) (viii) (ix) (x) (xi) 2002 5 142002 7 1 79

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(iv) (v) (a) (b) (c) (d) (vi) (vii) 10,000 30,000 2017 2007 6 292012 12 282013 7 1 (i) 2 (ii) (iii) (iv) 81

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2008 9 18 2007 12 142008 1 1 15 1996 1 22 2017 3 13 15 2005 6 14 2005 10 1 83

1,000 2010 10 28 2011 7 12003 4 27 2010 12 202011 1 11999 1 22 1994 12 14 1995 1 1 1999 1 22 0.05% 1999 4 3 2002 3 24 30 20 84

10,00050,000 2011 9 6 2011 10 15 30 2007 3 162017 2 24 25% 20% 20%10% 2006 8 21 2006 12 8 25%5% 85

25% 10%2009 2 20 12 1993 12 13 2017 11 19 6% 1996 1 29 1996 4 1 1997 1 142008 8 5 1996 6 201996 7 1 2015 2 13 2015 6 1 2016 6 9 (i) 86

(ii) (iii) (iv) 2017 11 4 2018 1 1 2017 (i)(ii) (iii) (iv) 2017 3 152017 10 1 87

2009 2010 2012 KOS Macau 2017KOS Staffing 2009 2010 2013 2017 KOS Staffing 88

2017 12 19 380,000 38,000,000 0.01 KJE LtdKJE Ltd Caiden Holdings 7425 27,715,145 49,900 KOS Staffing KOS Macau KOS International (BVI) KOS International (BVI) 2017 12 27 KOS International (BVI)50,000 KOS International (BVI) 1.00 KOS International (BVI) KOS International (BVI) KOS Macau (BVI) KOS Macau (BVI) 2017 12 27 KOS Macau (BVI)50,000 KOS Macau (BVI) 1.00 KOS Macau (BVI) 89

KOS Macau (BVI) 2009 1 21 10,00010,000 1.00 2012 5 11 (i)2,500 2,500(ii)2,5002,500(iii) 2,5002,500 25% KOS Staffing KOS Staffing 2017 9 6 KOS Staffing 10,000 25% KOS Staffing KOS Staffing 90

KOS Macau KOS Macau 2012 12 27 KOS Macau30,000 7,500 KOS Macau KOS Macau KOS Executive KOS Executive 2015 11 4 KOS Executive10,00010,000 KOS Executive 2016 12 30751(3) KOS Executive KOS Executive (i) 2017 12 19 380,000 38,000,000 0.01 KJE Ltd KJE Ltd Caiden Holdings 7425 KJE Ltd Caiden Holdings75% 25% 91

(ii) KOS International (BVI) KOS Macau (BVI) KOS International (BVI) 2017 12 27 KOS International (BVI)50,000 KOS International (BVI) 1.00 KOS International (BVI) KOS Macau (BVI) 2017 12 27 KOS Macau (BVI)50,000 KOS Macau (BVI) 1.00 KOS Macau (BVI) (iii) KOS International (BVI)KOS StaffingKOS Macau (BVI)KOS Macau KOS Staffing KOS Macau (i) 26,220,172 KOS International (BVI)2,500 2,5002,5002,50010,000 2017 12 31 (1)KJE Ltd 7,500(2) KJE Ltd 7,500(3) KJE Ltd 7,500 (4)Caiden Holdings 7,500 (ii) KOS Staffing 10,000 KOS International (BVI)KOS Staffing 2,500 2,5002,5002,50010,000 KOS Staffing KOS Staffing 92

2017 12 31 (1)KJE Ltd 2,475(2)KJE Ltd 2,475(3)KJE Ltd 2,475 (4)Caiden Holdings 2,475 (iii) KOS Macau KOS Macau (BVI) 1,484,973 KOS Macau 25% KOS MacauKOS Macau 2017 12 31 (1)KJE Ltd 2,500 (2)KJE Ltd 2,500(3) KJE Ltd 2,500 (4) Caiden Holdings 2,500 2018 6 15 KOS StaffingKOS International (BVI)KOS Macau KOS Macau (BVI)KOS Staffing KOS Macau (iv) 2018 9 133,962,000,000 380,000 38,000,000 0.01 40,000,000 4,000,000,000 0.01 (v) GEM KJE Ltd Caiden Holdings 449,962,500149,987,500 KJE Ltd Caiden Holdings 56.25% 18.75% 25.00% 93

2018 1 18 (i) (ii) (iii)(iv) 25.00% 25.00% 25.00% 25.00% KOS Staffing KOS Macau 94

33.33% 33.33% 33.33% 100.00% KJE Ltd Caiden Holdings 75.00% 25.00% 100.00% KOS International (BVI) 100.00% KOS Macau (BVI) 100.00% 100.00% 100.00% KOS Staffing KOS Macau 95

33.33% 33.33% 33.33% 100.00% KJE Ltd Caiden Holdings 56.25% 18.75% 25.00% 100.00% KOS International (BVI) 100.00% KOS Macau (BVI) 100.00% 100.00% 100.00% KOS Staffing KOS Macau 96

20170.6% 2013 90.7% 93.6% 94.5% 12 31 5 31 2016 2017 2017 2018 18,230 39.1 35,411 54.1 10,595 45.8 15,437 53.7 24,112 51.6 25,858 39.5 10,632 45.9 11,746 40.8 4,328 9.3 4,157 6.4 1,915 8.3 1,575 5.5 28,440 60.9 30,015 45.9 12,547 54.2 13,321 46.3 46,670 100.0 65,426 100.0 23,142 100.0 28,758 100.0 97

(i) (ii)(iii)(iv)(v) (vi)(vii)(viii) 20162017 12 312018 5 31 91.9% 92.6% 92.5% 2009 158,000 1.3 99

14 20162017 12 312018 5 31 90.7% 93.6% 94.5% 201220176.1% 100

2016 12 31 2132017 12 31 3522017 5 31 932018 5 31173 23 158,000 27 101

4,600 20.9 45.9% 2013 20162017 12 312018 5 31 2422 20 9.3% 6.4% 5.5% 20122017 19.1% 2018202215.6% (i) 2.0% 1.9% 4.9% (ii) (iii) (a) (b) (iv) 2020 16 102

27 2018 4 11 CEPACEPA CEPA2018 5 2018(i) 2018 (ii) (iii) (iv) (v) 11.725.8% 2020(i)27 16 (ii) 100,000(iii)(iv) 103

5.0 11.0% (i)(ii) (iii)(iv) 104

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9.3% 6.4% 5.5% 12 31 5 31 2016 2017 2017 2018 24 38 22 32 19 17 4 5 10 11 5 3 8 20 8 9 7 7 1 5 7 3 1 4 2 3 1 3 4 3 1 3 6 2 3 2 6 4 3 2 2 2 1 9 7 3 4 97 123 54 72 9211867 20162017 12 31 2018 5 31 9712372 42.9 60.6 26.6 20162017 12 312018 5 31 91.9% 107

92.6% 92.5%25.0 25.8 12.253.6% 39.4% 42.4% 20162017 12 31 2018 5 31 3.3% 1.8% 4.9% 2016 2017 12 312018 5 3139.1% 54.1% 53.7% 43,0000.3 16,000 0.1% 0.4% 0.1% 108

12 31 5 31 2016 2017 2017 2018 1 0.8 5,136 28.2 18 17,889 50.5 52 5,283 49.9 15 9,279 60.1 28 0.3 0.8 9,907 54.3 99 11,764 33.2 116 4,077 38.5 39 3,721 24.1 39 0.3 2,457 13.5 66 3,562 10.1 96 990 9.3 29 1,426 9.2 38 17,500 96.0 183 33,215 93.8 264 10,350 97.7 83 14,426 93.4 105 99 0.3 7 43 0.3 3 17,500 96.0 183 33,314 94.1 271 10,350 97.7 83 14,469 93.7 108 650 3.6 30 2,097 5.9 81 245 2.3 10 968 6.3 65 2 80 0.4 730 4.0 30 2,097 5.9 81 245 2.3 10 968 6.3 65 18,230 100.0 213 35,411 100.0 352 10,595 100.0 93 15,437 100.0 173 (1) 100% 120% 0.3 20% 0.3 0.825%0.8 30% 100% 120% 110

(2) 2016 12 31 80,000 2016 12 31 12 31 5 31 2016 2017 2017 2018 5,425 29.8 6,379 18.0 2,596 24.5 3,270 21.2 2,933 16.1 8,678 24.5 1,483 14.0 6,655 43.1 1,770 9.7 2,192 6.2 635 6.0 404 2.6 1,623 8.9 1,060 3.0 41 0.4 512 3.3 1,142 6.3 632 1.8 249 2.4 1,100 7.1 1,031 5.7 1,216 3.4 495 4.7 323 2.1 955 5.2 3,640 10.2 2,477 23.4 349 2.3 618 3.4 5,441 15.3 1,094 10.3 1,027 6.7 587 3.2 876 2.5 243 2.3 354 1.9 2,167 6.1 499 4.7 442 2.9 1,792 9.8 3,130 9.0 783 7.3 1,355 8.7 18,230 100.0 35,411 100.0 10,595 100.0 15,437 100.0 111

(i) (ii)(iii) (i) (ii) 10,000 30,000 112

60 (i) (ii) (iii) 30 6090 20162017 12 31 2018 5 31 0.2 0.7 0.6 113

0.3 20%0.3 0.8 25%0.830% 15% 30% 40,000100% 120% 2017 12 31 0.6 114

115

306090 116

(i) (ii) 20162017 12 31 2018 5 31 60.9% 45.9% 46.3% (i) (ii) 117

20162017 12 312018 5 31 173172156 12 31 5 31 2016 2017 2017 2018 16,572 58.3 91 20,382 67.9 97 7,867 62.7 62 8,090 60.7 85 8,822 31.0 80 7,555 25.2 74 3,688 29.4 55 4,197 31.5 55 2,819 9.9 2 1,928 6.4 1 866 6.9 1 922 6.9 16 28,213 99.2 173 29,865 99.5 172 12,421 99.0 118 13,209 99.1 156 227 0.8 150 0.5 126 1.0 112 0.9 28,440 100.0 173 30,015 100.0 172 12,547 100.0 118 13,321 100.0 156 12 31 5 31 2016 2017 2017 2018 24,672 86.8 26,760 89.2 11,072 88.2 11,983 90.0 3,140 11.0 2,320 7.7 1,043 8.3 891 6.6 371 1.3 894 3.0 391 3.1 447 3.4 257 0.9 41 0.1 41 0.4 28,440 100.0 30,015 100.0 12,547 100.0 13,321 100.0 118

20162017 12 312018 5 31 424424 2018 12 31 5 31 2016 2017 131 128 132 42 44 24 173 172 156 (i)(ii) (iii)(iv) 7/2008 2008 8 18 119

(i)(ii) 12 31 5 31 2016 2017 2017 2018 17,530 61.6 18,438 61.4 7,691 61.3 8,662 65.0 10,683 37.6 11,427 38.1 4,730 37.7 4,547 34.1 227 0.8 150 0.5 126 1.0 112 0.9 28,440 100.0 30,015 100.0 12,547 100.0 13,321 100.0 60% (i)(ii) (iii) 120

(i) (ii) 25,00024,272 60 (i) (ii) (iii) (a) (b) (c) (iv) 121

(i)(ii) 24 3% 30% 3008,000 122

123

124

(i)(ii) 125

(i) (ii) (iii)(iv)(v) (i) (ii)(iii)(iv) 126

(i) (ii)(iii)(iv)(v) (vi)(vii)(viii) 20162017 12 312018 5 31 31.9 39.8 20.5 68.3% 60.8% 71.4%25.0 25.8 12.2 53.6% 39.4% 42.4% 127

20162017 12 312018 5 31 2016 12 31 1 A 2009 53.6% 30 2 B 2010 6.1% 14 3 C 2013 5.7% 128

4 D 10,000 100,000 2014 1.5% 30 5 E 2015 1.4% 30 68.3% 2017 12 31 1 A 39.4% 2 B 13.3% 14 90 3 C 3.0% 4 F 2016 2.7% 14 5 2017 2.4% 14 60.8% 129

2018 5 31 1 A 42.4% 2 B 22.4% 14 90 3 C 3.1% 4 G 2018 1.8% 14 5 H 2018 1.7% 22 71.4% 60 9.3% 5% 130

20162017 12 31 2018 5 31 2016 12 31 1 A 13.7% 2 B 13.3% 3 D 3.3% 4 E 3.2% 5 I 2016 3.2% 30 36.7% 2017 12 31 1 B 22.8% 2 A 8.6% 3 F 4.7% 4 J 2017 3.7% 60 131

5 K 2013 3.2% 30 43.0% 2018 5 31 1 B 38.6% 2 A 10.8% 3 G 3.2% 4 H 2.9% 5 L 2018 2.4% 14 57.9% 132

(a) (b) 7.7 16.4 9.8 20162017 12 312018 5 31 21.0 38.2 16.7 A A 2018 6 30480A 20162017 12 3120172018 5 31 53.6% 39.4% 48.5% 42.4%A A A A 20162017 12 3120172018 5 31 A 6.0% 4.8% 5.8% 6.0%AA 2009 A A 2009 2009 8 2010 7 A A2013 2013 1 A AA A2016 12 31 25.0 2017 12 31 25.8 133

2017 5 3111.2 2018 5 31 12.2A2016 12 31 53.6% 2017 12 31 39.4% 2017 5 3148.5% 2018 5 3142.4% A2016 12 31 0.4 2017 12 31 0.6A 2017 5 31 0.2 2018 5 310.6 A 20162017 12 3120172018 5 31A 98.6% 97.6% 98.0%% 95.2%A2016 12 31 24.72017 12 31 25.2 A163151 20172018 5 3111.0 11.6A 106105 A A A (i) (ii) 20162017 12 312017 2018 5 31A98.6% 97.6% 98.0% 95.2% A A A 134

A A A (i) (ii) 2016 2017 12 3120172018 5 31 A 40.9% 13.3% 22.3% 21.4% A A 12 31 5 31 2016 2017 2017 2018 A 361 0.8 618 0.9 222 1.0 583 2.0 A 2,443 5.2 2,549 3.9 1,129 4.9 1,145 4.0 A 22,228 47.6 22,619 34.6 9,873 42.6 10,461 36.4 24,671 52.8 25,168 38.5 11,002 47.5 11,606 40.4 163 151 106 105 A 25,032 53.6 25,786 39.4 11,224 48.5 12,189 42.4 135

2009 A A 20162017 12 3120172018 5 31 163151106105 A A A 2016 12 3153.6% 2017 12 3139.4% 2017 2018 5 31 48.5% 42.4% A 23 16 2016 12 312017 12 31 123 79 2018 5 31 7226 2017 12 312018 5 3118.2 4.027.8% 13.9% A 136

282 20162017 12 312018 5 31293434 40 5 27 5 1 2 40 137

8 5 11 3 27 2018 5 3185 6520 138

30% 40% 2017 12 31 20162017 12 312018 5 31 35.5 37.9 18.4 7.4 7.7 4.2 3.0 2.8 1.8 12 31 5 31 2016 2017 2017 2018 200,000 13 12 18 18 200,001400,000 7 9 4 7 400,001600,000 4 7 600,001800,000 3 1 1 800,001 27 29 22 26 139

32L6(2) 342(1)(b) 34(2) 2018 5 31 15% B. 2. (i) (ii) 140

2017 12 31 800 141

20162017 12 3120172018 5 31 25.0 25.8 11.2 12.2 53.6% 39.4% 48.5% 42.4% (a) (i) (ii) (iii) (b) (c) 142

(d) KOS Staffing 52 52 2018 4 8 2019 4 7 2018 1 3 2019 1 2 143

2018 5 8 2020 5 7 (CEPA) 144

145 11252(4) 2017 4 1 531 IR56E IR56E 80(1) 52(4) 10,000 5.3 2018 2 6 531 IR56E 52(4)

1999 8 3 40/99/M39(2) 40 54 220(1) 252(1) 254 255 KOS Macau (i) KOS Macau (ii) KOS Macau KOS Macau (iii)kos Macau (iv) KOS Macau (v) 329 KOS Macau 2018 3 329 KOS Macau KOS Macau KOS Macau (i) (ii) KOS Macau 2018 3 KOS Macau 146

2017 12 2018 22018 6 (i)531 IR56E(ii) KOS Macau KOS Macau (i) IR56E (ii) (iii) IR56E (iv) 2018 6 29 2018 1 31 147

GEM (i) (ii) (iii) GEM (i) (ii) 148

GEM 5.015.0211.07 GEM 11.06 (i) (ii) (iii) (iv) (v) GEM (vi) 149

56.25% 18.75% KJE Ltd Caiden Holdings KJE Ltd 33.33% 33.33% 33.33%Caiden Holdings2018 1 18 GEMKJE Ltd Caiden Holdings 2009 8 2012 12 KOS Macau2017 9KOS Staffing 2001 112006 6 2007 32009 5 2001 5 20 2009 2012 25% KJE Ltd Caiden Holdings2017 12 182017 10 24 GEM 11.04 150

GEM 151

17 GEM 152

(a) (i)(ii) 30% (b) 153

(d) (i) (ii) (iii) (iv) (v) (vi) (vii) 155

(a) GEM (b) (c) (d) (e) (f) (g) (h) GEM 156

GEM 157

41 2009 2017 4 21 12 19 36 2009 2017 1 21 12 19 36 2009 2017 4 21 12 19 66 2018 2018 9 13 9 13 158

55 2018 2018 9 13 9 13 45 2018 2018 9 13 9 13 159

52 2017 4 1 2017 4 1 42 2018 1 1 2018 1 1 46 2014 4 1 2015 1 1 412009 4 2017 12 192018 1 31 2009 4 KOS Macau KOS Staffing2012 122017 9 1995 6 160

2016 9 KLW Holdings Limited504.SI GEM 17.50 Canvas Clothier Limited 2018 1 5 2015 5 29 2012 8 24 KOS Executive Limited 2016 12 30 2007 10 5 2010 7 2 2015 12 31 2010 2007 2007 362017 12 192018 1 31 15 2009 1 21 161

KOS Macau KOS Staffing2012 122017 9 2003 12004 8 2004 8 2006 32006 122008 6Monster.com Asia Pacific Limited 2008 62008 12 Robert Walters (Hong Kong) Limited 2002 GEM 17.50 Canvas Clothier Limited 2018 1 5 KOS Executive Limited 2016 12 30 2015 12 31 362017 12 192018 1 31 162009 4 KOS Macau KOS Staffing2012 122017 9 162

2002 62004 7 2004 7 2006 22006 4Monster.com Asia Pacific Limited2008 3Cliftons 2008 82009 3 2005 10 GEM 17.50 Canvas Clothier Limited 2018 1 5 KOS Executive Limited 2016 12 30 662018 9 13 262000 42017 6Hutchison Ports Management Limited 1979 11982 10 1982 1 163

1982 101985 9Peat Marwick Mitchell & Co. 1975 71978 11 1980 6 552018 9 13 20 1987 101992 8Ernst & Whinney 1998 62006 6 1987 2Australia Society of Accountants 1986 41987 10 GEM 17.50 2013 12 27 Fototag Limited 2015 9 25 2006 9 22 164

452018 9 13 172001 7 2004 122005 12007 9 2007 92012 1 Liberty International Underwriters2014 42017 1 2018 2 1995 111996 6 1997 11 1999 12 2000 3 GEM 17.50 2015 12 4 2017 7 21 GEM 17.50(2)(a) (v) D. XV 165

522017 4 21 1988 7 1997 4 1997 42017 3 2006 122011 62011 72013 8 2013Page Executive Page Executive 10 1988 11 1991 8 1997 32001 2 2008 10 422018 1 15 1998 92004 8 2004 92010 1 SGX G86 2010 72015 8 8266 GEM 2015 9 2013 52033 1998 7 166

462014 4 2015 1 122000 4 2001 5GoHome Company Limited 2001 92002 3 2003 72006 2 2006 11 2014 3 1994 11 2000 5 2000 6 422018 1 11 182000 102010 6 2010 72017 52015 4 2015 11 33442018 7 2018 72018 4 2000 112013 5 2011 2 2018 1 31GEM 5.19 167

GEM 6A.19 GEM 6A.23 (i) (ii) (iii) (iv) GEM GEM 5.282018 9 13 GEM (i) (ii) 168

(iii) (iv) (v) GEM 5.342018 9 13 GEM (i) (ii) (iii) 2018 9 13GEM (i) (ii) (iii) (iv) (v) 169

GEM KOS Staffing KOS Macau 170

201820192020 12 31 0.5 1.9 1.9 171

XV23 10% 1 KJE Ltd 2 50,000 L 100% 600,000,000 L 75% 2 50,000 L 100% 600,000,000 L 75% 2 50,000 L 100% 600,000,000 L 75% 172

1 2 50,000 L 100% 600,000,000 L 75% Caiden Holdings 2 50,000 L 100% 600,000,000 L 75% 2 50,000 L 100% 600,000,000 L 75% (1) LXV (2) KJE Ltd33.33% 33.33% 33.33%450,000,000 56.25% Caiden Holdings150,000,000 18.75% 2018 1 18 GEM KJE Ltd Caiden Holdings XV23 10% 173

4,000,000,000 0.01 40,000,000 50,000 500 599,950,000 5,999,500 200,000,000 2,000,000 800,000,000 8,000,000 4,000,000,000 0.01 40,000,000 50,000 500 220,000,000 2,200,000 599,950,000 5,999,500 820,000,000 8,200,000 174

GEM 11.23(7) GEM25% 2018 9 13 E. 20% 175

A.4. 2018 9 13 10% GEM A.6. 2. 176

20170.6% 2013 90.7% 93.6% 94.5% 20162017 12 3146.7 65.4 40.2%5.8 16.1 12.5% 24.7%20172018 5 31 23.1 28.824.3%5.1 1.222.0% 4.2% 177

2017 12 19 2 4 20162017 12 3120172018 5 31 53.6% 39.4% 48.5% 42.4% 178

20162017 12 3146.7 65.4 40.2%20172018 5 31 23.1 28.824.3% 20162017 12 3120172018 5 31 76.1% 57.9% 65.6% 63.9% 179

5% 10% 2018 12 31 5 31 2016 2017 +/-5% (1,776)/1,776 (1,894)/1,894 (918)/918 +/-10% (3,552)/3,552 (3,787)/3,787 (1,837)/1,837 2018 1 1 15 2018 1 1 918 15 4 5 9 2018 5 31 9 39 99 (i)(ii) (iii) 9 9 2018 1 1 180

2018 1 1 2017 12 312018 1 1 39 2018 1 19 9 2018 1 19 39 2017 12 31 39 36,958 23,889 9 (292) (292) 2018 1 1 36,666 23,597 181

(i) (ii) (iii) 182

12 31 5 31 2016 2017 2017 2018 46,670 65,426 23,142 28,758 1 587 4 (35,524) (37,871) (15,188) (18,365) (4,290) (4,351) (1,893) (2,089) (16) (241) (3,766) (5,514) 6,857 20,009 6,061 2,553 (1,033) (3,864) (972) (1,357) 5,824 16,145 5,089 1,196 183

2016 2017 12 3146.7 65.4 40.2%20172018 5 3123.1 28.8 24.3% 12 31 5 31 2016 2017 2017 2018 18,230 39.1 35,411 54.1 10,595 45.8 15,437 53.7 24,112 51.6 25,858 39.5 10,632 45.9 11,746 40.8 4,328 9.3 4,157 6.4 1,915 8.3 1,575 5.5 28,440 60.9 30,015 45.9 12,547 54.2 13,321 46.3 46,670 100.0 65,426 100.0 23,142 100.0 28,758 100.0 184

100% 120% 12 31 5 31 2016 2017 2017 2018 1 0.8 5,136 28.2 18 17,889 50.5 52 5,283 49.9 15 9,279 60.1 28 0.3 0.8 9,907 54.3 99 11,764 33.2 116 4,077 38.5 39 3,721 24.1 39 0.3 2,457 13.5 66 3,562 10.1 96 990 9.3 29 1,426 9.2 38 17,500 96.0 183 33,215 93.8 264 10,350 97.7 83 14,426 93.4 105 99 0.3 7 43 0.3 3 17,500 96.0 183 33,314 94.1 271 10,350 97.7 83 14,469 93.7 108 650 3.6 30 2,097 5.9 81 245 2.3 10 968 6.3 65 2 80 0.4 730 4.0 30 2,097 5.9 81 245 2.3 10 968 6.3 65 18,230 100.0 213 35,411 100.0 352 10,595 100.0 93 15,437 100.0 173 (1) 0.3 20%0.3 0.825%0.8 30% 100% 120% (2) 2016 12 31 2016 12 3180,000 185

2016 2017 12 3118.2 35.4 39.1% 54.1%213352 20172018 5 31 10.6 15.4 45.8% 53.7% 93173 (i) (ii) 12 31 5 31 2016 2017 2017 2018 25,706 27,186 11,314 12,039 2,734 2,829 1,233 1,282 28,440 30,015 12,547 13,321 20162017 12 31 28.4 30.0 60.9% 45.9%20162017 12 31 186

17317220172018 12.5 13.354.2% 46.3%2017 2018 118156 A 20162017 12 3120172018 5 31 24.7 25.2 11.0 11.6 43,0000.3 16,000 12 31 5 31 2016 2017 2017 2018 8,085 44.3 119 12,276 34.6 199 4,177 39.4 53 6,901 44.8 121 2,489 13.6 23 1,913 5.4 18 945 8.9 6 3,906 25.3 23 2,295 12.6 25 3,877 11.0 27 2,147 20.3 11 2,243 14.5 12 2,090 11.5 21 1,233 3.5 15 484 4.6 6 329 2.1 5 1,614 8.9 16 7,835 22.1 69 1,375 13.0 12 2,058 13.3 12 1,199 6.6 3 4,895 13.8 10 839 7.9 2 696 2.0 3 46 0.4 1 458 2.5 6 2,686 7.6 11 582 5.5 2 18,230 100.0 213 35,411 100.0 352 10,595 100.0 93 15,437 100.0 173 187

(i)(ii) 173172156 12 31 5 31 2016 2017 2017 2018 16,572 58.3 91 20,382 67.9 97 7,867 62.7 62 8,090 60.7 85 8,822 31.0 80 7,555 25.2 74 3,688 29.4 55 4,197 31.5 55 2,819 9.9 2 1,928 6.4 1 866 6.9 1 922 6.9 16 28,213 99.2 173 29,865 99.5 172 12,421 99.0 118 13,209 99.1 156 227 0.8 150 0.5 126 1.0 112 0.9 28,440 100.0 173 30,015 100.0 172 12,547 100.0 118 13,321 100.0 156 42.9 60.6 26.6 20162017 12 31 2018 5 31 91.9% 92.6% 92.5% 25.0 25.8 12.2 53.6% 39.4% 42.4% 188

6A(i) (ii) 20162017 12 312018 5 31 35.5 37.3 17.29.2 9.5 4.9 26.4 27.8 12.3 20162017 12 312018 5 31 11.1 28.2 11.59.1 25.9 10.5 2.1 2.2 1.0 12 31 5 31 2016 2017 2017 2018 9,174 9,469 3,577 4,934 26,350 27,803 11,507 12,297 35,524 37,272 15,084 17,231 9,056 25,942 7,018 10,503 2,090 2,212 1,040 1,024 11,146 28,154 8,058 11,527 189

12 31 5 31 2016 2017 2017 2018 % % % % 49.7 73.3 66.2 68.0 7.3 7.4 8.3 7.7 23.9 43.0 34.8 40.1 2017 5 318.13.42018 5 3111.5 2017 5 3134.8% 2018 5 31 40.1% (i) (ii) 2016 12 31 11.117.02017 12 31 28.2 2016 12 31 23.9% 2017 12 31 43.0% (i)(ii) 2016 12 31 49.7% 2017 12 31 73.3% (i) 2016 12 31 49.5% 2017 12 31 36.8% (ii)0.82017 190

12 31 (iii) 2017 12 31 2016 2017 12 312.1 2.27.3% 7.4% (i)(ii) 1,0000.6 4,000 (i)(ii) 20162017 12 31 20172018 5 3135.5 37.9 15.2 18.4 76.1% 57.9% 65.6% 63.9% 12 31 5 31 2016 2017 2017 2018 % % % % 26,265 73.9 27,680 73.1 11,457 75.4 12,260 66.8 9,259 26.1 10,191 26.9 3,731 24.6 6,105 33.2 35,524 100.0 37,871 100.0 15,188 100.0 18,365 100.0 191

26.3 27.720162017 12 3173.9% 73.1% 9.3 10.220162017 12 31 26.1% 26.9%20162017 12 31 7.4 7.7 20172018 5 3111.5 12.3 75.4% 66.8%20172018 5 31 3.7 6.124.6% 33.2%2017 2018 5 31 2.9 4.2 9.2% 6.7% 7.3% 12 31 5 31 2016 2017 2017 2018 % % % % 1,401 32.7 1,408 32.4 590 31.2 595 28.4 1,203 28.0 1,448 33.3 663 35.0 653 31.3 845 19.7 532 12.2 227 12.0 387 18.5 194 4.5 205 4.7 87 4.6 80 3.8 142 3.3 332 7.6 156 8.2 93 4.5 505 11.8 426 9.8 170 9.0 281 13.5 4,290 100.0 4,351 100.0 1,893 100.0 2,089 100.0 192

4.3 4.4 2.1 32.7% 32.4% 28.4% 1.2 1.4 0.7 0.8 0.5 0.4 0.2 0.2 0.1 0.1 0.3 0.1 20162017 12 31 2018 5 3116,0000.2 20162017 12 312018 5 313.8 5.5 5.8% 19.2% 20162017 12 312018 5 31 1.0 3.9 1.4 15.1% 19.3% 53.2% (i) 20162017 12 312018 5 31 16.5% 193

(ii) 20162017 600,00012.0% 20162017 12 31 600,000 20182018 2017 2018600,000 2018 5 31 2018 12 31 5 31 2016 2017 1 40.2% 24.3% 2 152.6% 43.0% 3 177.2% (76.5%) 4 23.9% 43.0% 40.1% 5 14.7% 30.6% 8.9% 6 12.5% 24.7% 4.2% 1. 2. 3. 194

4. 5. 6. 2018 5 312017 5 31 2017 5 3123.15.7 24.3%2018 5 3128.8 4.8 45.7%2017 5 31 932018 5 31173 0.8 70.1% 5.7 59144 2017 5 3122.6 2018 5 3126.62018 5 31 20172018 5 31 2017 5 3110.64.8 45.7%2018 5 3115.4 195

(i) 2017 5 3193 2018 5 31173 (a) 2017 5 31262018 5 3134 (b) 2017 5 3149 2018 5 3167 2017 5 311.92018 5 312.6 (c) 2017 5 31 10.1 2018 5 3113.3 (d) 2017 5 31 1.9 2018 5 312.6 (ii) 0.8 2017 5 31 15 2018 5 3128 20172018 5 31 49.9% 60.1% 2017 5 315.3 2018 5 319.3 20172018 5 315.1 5.10.3 0.8 20172018 5 3139 0.32017 5 31 292018 5 3138 196

2017 5 3112.5 0.8 6.2%2018 5 3113.3 A0.6 2017 5 3111.32018 5 31 12.0 (i) A2017 5 319.9 0.62018 5 31 10.5(ii)2018 5 31 0.32017 5 31 2018 1 20172018 5 31 91.7% 94.5%2017 5 3121.2 2018 5 3127.2 A2017 5 3111.21.0 8.6%2018 5 3112.2 A 2017 5 310.2 2018 5 310.6A 20172018 5 3111.0 11.6 A98.0% 95.2%A 2009 2009 82010 7A 198

A 2017 5 3148.5% 2018 5 3142.4% A A20172018 5 31 A 5.8% 6.0% 2017 5 312018 5 31 4,000 2017 5 3115.23.2 20.9%2018 5 3118.4 (i) 2017 5 3128 2018 5 3134 2017 5 313.72.42018 5 316.1(ii)2017 5 31 11.5 2018 5 3112.3 20172018 5 31 199

2017 5 311.90.2 2018 5 312.1 0.2 2018 5 31 2017 5 312018 5 315.5 20172018 5 31 1.0 1.420172018 5 3116.0% 53.2% 2017 5 315.1 2018 5 311.22017 5 3122.0% 2018 5 314.2%(i)2018 5 31 5.5 (ii)3.2(iii) 200

2017 12 312016 12 31 2016 12 31 46.718.7 40.2%2017 12 31 65.4 2017 12 31 17.2 2016 12 31 2132017 12 31 352 (a) 2016 12 31292017 12 3134 (b) 2016 12 31 922017 12 31 1182016 12 31 2.32017 12 31 3.0(c) 2016 12 31 14.4 2017 12 31 30.6(d) 0.8 2016 12 31 42.9 2017 12 31 60.6 2017 12 31 20162017 12 31 201

2016 12 31 18.217.2 94.2%2017 12 31 35.4 (i) 20162017 12 31 92118 2016 12 31 2132017 12 31 352 2016 12 31 2.32017 12 31 3.0 (ii) 0.8 2016 12 31 182017 12 31 52 2016 12 31 5.1 2017 12 31 17.9 0.3 0.899 1160.36696 2016 12 31 12.4 2017 12 31 15.3 2017 12 31 1.5 (iii) (i) (ii) (a) 2016 12 31 14.4 2017 12 31 30.6 2016 12 31 1772017 12 31 313(b) 202

2016 12 31922017 12 31 118(c) 20164.8%20175.3% 2017 12 31 20 2016 12 31 49.5% 2017 12 31 36.8% 2016 12 31 28.4 1.6 5.5%2017 12 31 30.0 A0.6 2016 12 31 25.7 2017 12 31 27.2 (i) 2017 12 311.5 2016(ii)A A0.4 2016 12 31 2.7 2017 12 312.8 203

20162017 12 31 90.7% 93.6%2016 12 31 42.3 2017 12 31 61.3 20162017 12 31 A25.0 25.8A 2016 12 31 0.4 2017 12 31 0.6 A2016 2017 12 3122.2 22.6A 98.6% 97.6%A 20092009 8 2010 7A A 53.6%39.4% A A20162017 12 31 A 6.0% 4.8% 2016 12 31 1,0002017 12 31 0.6 2017 12 310.6 2016 12 31 35.52.4 6.6%2017 12 31 37.9 (i) 2016 12 31 26.3 2017 12 31 27.7 (ii)2016 12 31292017 12 3134 204

20162017 12 31 20162017 12 31 4.3 4.4 2.6 2.9 20172016 12 31 2017 12 31 3.8 20162017 12 311.0 3.920162017 12 31 15.1% 19.3% 2016 12 31 5.8 2017 12 31 16.1 2016 12 31 12.5% 2017 12 31 24.7%(i) 2016 12 31 49.5% 2017 12 31 36.8%(ii) 0.82017 12 31 205

(iii) 2017 12 31 20162017 12 312018 5 31 4.9 20.7 14.9 2018 12 31 5 31 2016 2017 6,132 13,036 1,086 (218) (5,034) (75) (6,450) 7,820 (6,821) (536) 15,822 (5,810) 5,393 4,857 20,679 4,857 20,679 14,869 206

2018 5 31 1.1 2.60.2 80,0004,000 (i) 2.7 1.7(a)2017 12 31 14902018 5 31 (b) 1.4(ii)1.3 0.4 1.4(iii) 0.4 2017 12 3113.0 20.0 0.216,000 2,000 7.2 5.2 0.4 2016 12 316.1 (i) 6.9 (ii) 207

0.21,000 (iii)1.5 2016 12 31 0.7 2018 5 3175,000 2017 12 31 5.0 5.0 36,000 2016 12 31 0.2 2018 5 31 6.8 (i) 5.1 (ii) 1.5(iii) 0.3 2017 12 317.8 10.0 1.2 1.030,000 2016 12 316.5 5.41.1 208

12 31 2018 2018 2016 2017 5 31 7 31 6,571 13,344 17,026 15,217 12 4,857 20,679 14,869 22,609 11,440 34,023 31,895 37,826 2,521 3,185 5,022 4,454 42 10,000 10,000 10,000 756 2,259 3,236 3,236 3,319 15,444 18,258 17,690 8,121 18,579 13,637 20,136 2018 5 3113.62018 7 3120.1 7.7 1.8 2017 12 3118.62018 5 31 13.6(i)5.8 (ii)1.8 (iii)1.0 1.73.7 209

1.4 2016 12 318.12017 12 31 18.6(i) 6.72017 12 31(ii) 15.82017 1210.0 4 6A 20162017 12 312018 5 316.3 11.3 12.72.4 1.7 1.7 12 31 2018 2016 2017 5 31 30 4,154 7,236 7,048 31 60 340 594 939 61 90 252 2,183 2,430 91 180 1,228 1,028 1,715 180 363 238 529 6,337 11,279 12,661 2017 12 3111.32018 5 311.412.7 2018 5 313.7 (i)2017 12 31 1490 210

2018 5 31 (ii) 2017 12 31 49 2018 5 3162 2017 12 31 2017 12 31 2018 5 31 607.8 8.0 60 2017 12 313.42018 5 314.72018 5 31 1.9 90 1.9 2016 12 316.32017 12 31 11.320162017 12 31 45 49 2017 12 3120172016 2017 602016 12 311.8 2017 12 313.4 2017 12 31 60 3.42.0 60 211

12 31 2016 2017 1 30 747 4,450 31 60 102 553 61 90 150 810 91 180 1,228 409 180 363 238 2,590 6,460 20162017 12 312.6 6.5 20162017 12 31 1 3028.8% 68.9% 2017 12 31 10.0 79.2%2018 5 31 2018 5 31 % 30 7,048 5,237 74.3 31 60 939 939 100.0 61 90 2,430 2,074 85.4 91 180 1,715 1,685 98.3 180 529 91 17.2 12,661 10,026 79.2 212

2018 12 31 5 31 2016 2017 45 49 62 365 20162017 12 31150 2018 5 31 20162017 12 312018 5 31 454962 12 31 2018 2016 2017 5 31 232 475 878 342 342 1,108 1,209 2,879 39 266 574 2,065 5,131 2016 12 310.22017 12 310.5 20162017 12 310.3 2017 12 311.2 2017 213

12 3139,0002016 12 31 2017 12 310.52018 5 31 0.92017 12 0.4 2017 12 310.32018 5 311.1 0.82017 12 311.2 2018 5 312.9 20162017 12 312018 5 31 2.5 3.2 5.0 12 31 2018 2016 2017 5 31 190 174 149 105 234 310 2,226 1,314 1,698 1,463 2,865 2,521 3,185 5,022 20162017 12 312.2 1.32017 12 31 2018 5 31 1.7 2017 12 312018 5 311.5 2.9 2016 12 3112,000 2017 12 312018 5 31 214

2016 12 3142,000 2017 12 312018 5 31 2017 12 10.0 2017 12 312018 5 31 3.74% 3.56%2019 12 2018 7 3110.0 (i)5.0(ii) 2017 5.4%2017 12 31 34.8% 2016 12 312017 12 312018 5 312018 7 31 215

2018 7 31(i) (ii) (iii) (iv) 2018 7 31 (i)(ii) 20162017 12 312018 5 312018 7 31 20162017 12 312018 5 312018 7 31 2.2 1.1 7.6 7.4 12 31 2018 2018 2016 2017 5 31 7 31 1,106 1,061 2,111 2,332 1,053 5,490 5,083 2,159 1,061 7,601 7,415 20162017 12 31 2018 5 31 0.2 36,00079,000 216

2016 12 310.2 20162017 12 312018 5 31 6.1 13.0 1.12018 5 3114.9 0.35 24.520162017 12 312018 5 313.8 5.52018 12 31 11.8 8.9 2018 12 31 217

12 31 2018 2016 2017 5 31 1 3.4 2.2 1.7 2 3.4 2.2 1.7 3 0.5% 41.8% 50.6% 4 2018 12 31 5 31 2016 2017 5 47.3% 41.0% 3.1% 6 64.8% 67.4% 6.1% 7 1,252 11.6 (1) (2) (3) 100% (4) 100% (5) 100% (6) 100% (7) 218

2016 12 313.4 2017 12 312.2 2017 12 31 10.0 2017 12 312.2 2018 5 311.7 (i)5.8 (ii) 1.8(iii) 1.0 20162017 12 312018 5 31 2016 12 310.5%2017 12 3141.8% 2017 12 31 10.0 2018 5 31 50.6% (i)10.0(ii) 5.1 20162017 12 31 2018 5 31 2016 12 31 47.3% 2017 12 31 41.0%2017 12 31 2017 12 31 41.0% 2018 5 313.1% 2018 5 31 219

2016 12 31 64.8%2017 12 31 67.4% 2017 12 31 67.4% 2018 5 316.1% 5.1 2017 12 312018 5 31 1,25211.62016 12 31 2017 12 31 2017 12 1,252 2018 5 3110.6 2016 6 3 2017 1 18 (i) 49.0%(ii)9.3% 2018 2 28 2018 2 2813 220

2018 12 31 5 31 2016 2017 170,000 840,000 47,000 3% 13,000 25,000 217,000 25% 1,565,000 357,000 11 10 3% 10,000 30,000 2018 12018 1 18 221

3% 25% 15% 30% 23 (i) (ii) (a) (b) 3 25 3 1030 1 1530 1 2 725 2030 222

1. (a) (b) 2. ABDE 2018 12018 1 18 0.8% 3.7% 1.4% 2017 12 19 2018 5 31 2018 9 122018 9 2118.0 4.0 2018 4 135.1 20162017 12 312018 5 31 5.4 1.2 5.1 223

GEM 8.01 8.10 15% 20 21 GEM GEM 17.15 17.21 2018 12 31 2017 12 31(i) 11.8 (ii) 224

(iii) 2018 1 201820192020 12 31 0.5 1.9 1.9 2018 5 31 225

20162017 12 312018 5 310.5% 41.8% 50.6% 226

(i) GEM (ii) GEM (iii) 227

(iv) (v) 0.35 45.5 24.5 45.5 (a) 45.9%20.9 23 228

(b) 25.8%11.7 202016 (c) 11.0%5.0 (d) 9.9%4.5 (e) 7.4%3.4 2020 12 31 0.4 54.9 0.336.1 229

2020 12 31 2020 12 31 2018 12 31 2019 6 30 2019 12 31 2020 6 30 2020 12 31 5,533 4,502 5,342 5,522 20,900 45.9% 745 1,882 2,653 3,921 2,539 11,740 25.8% 847 1,250 1,250 1,250 423 5,020 11.0% 923 1,400 1,100 817 250 4,500 9.9% 450 800 800 800 500 3,340 7.4% 8,498 9,834 11,146 12,309 3,713 45,500 100.0% 230

2018 12 31 2.32 3.21 0.71 2.50 0.61 0.12 0.02 0.18 0.53 0.14 0.92 0.45 231

2019 6 30 3.08 1.42 1.63 0.13 0.12 1.05 0.20 1.40 0.80 232

2019 12 31 3.92 1.42 2.22 0.22 0.21 1.05 0.20 1.10 0.80 233

2020 6 30 4.10 1.42 3.35 0.26 0.31 1.05 0.20 0.82 0.80 234

2020 12 31 2.16 0.17 0.21 0.38 0.06 0.25 0.50 235

2020 12 31 (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) 236

(m) (n) (o) 237

20,000,000 238

(a) (i) (ii) (iii) (iv) (v) (vi) 239

(b) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) 240

(x) (xi) (xii) (xiii) (xiv) (i) (ii) (iii) (i) (ii) 241

GEM (i) (ii) GEM (i) 242

GEM (i) (ii) (i) GEM (i) GEM GEM 17.29 GEM 17.29(1) (5) 243

GEM 13.16A(1) (i) (ii) (i) GEM 13.19 (i) GEM 13.18(1) GEM 13.18(4) GEM 17.43(1) (4) (ii) (i) GEM 244

8% 245

0.35 GEM24.5 GEM 6A.07 246

20,000,000 S 180,000,000 GEM 0.40.3 0.4 1.0% 0.0027%0.005%10,000 4,040.31 247

2018 10 4 GEM GEM (i) 248

(ii) 30 www.hkexnews.hk www.kos-intl.com 2018 10 11 (i)(ii) 2018 10 12 20,000,000 10% GEM 0.4 1.0% 0.0027%0.005% 249

20,000,000 180,000,000 90.0% 22.5% 250

2018 10 11 20,000,000 10% 20,000,000 2.44% www.hkexnews.hkwww.kos-intl.com HKEx-GL91-18 GEM 6 (a) (i) 251

(ii) 15 20,000,000 40,000,000 20% (iii) 155040,000,000 60,000,000 30% (iv) 5010060,000,000 80,000,000 40% (v) 10080,000,000 100,000,000 50% (b) (i) (ii) 20,000,000 252

40,000,000 20% (x)(a)(ii) 15(y)(b)(ii) 0.3 (a)(ii)(a)(iii)(a)(iv)(a)(v)(b)(ii) HKEX-GL91-18GEM 6 40,000,000 HKEX-GL91-18 2018 10 11 2018 10 12GEM10,000 GEM GEM 253

1. (a) (b) www.hkeipo.hk (c) 2. (a) 18 (b) (c) S (d) (i) (ii) 254

GEM 3. www.hkeipo.hk 2018 9 282018 10 4 (a) 16-18 2 11 160 12 188 26 255

(b) 26 II 284G 4 1 106-109 G201 21-27 8 2018 9 282018 10 4 (i) (ii) 8 1 2018 9 28 2018 9 29 2018 10 2 2018 10 3 2018 10 4 2018 10 4 10. 256

4. 257

(i) (ii) S S902(h)(3) 258

(i) (ii) 5. 2. www.hkeipo.hk 2018 9 28 2018 10 4 www.hkeipo.hk24 2018 10 410. 259

40 40 342E 6. 2979 7888 https://ip.ccass.com 81 260

(i) (ii) 261

40 262

10,00010,000 263

2018 9 28 2018 9 29 2018 10 2 2018 10 3 2018 10 4 2018 9 282018 10 424 2018 10 4 2018 10 4 10. 40 40342E 264

7. (i) (ii) 2018 10 4 8. 265

9. 10,000 10,000 www.hkeipo.hk 266

10. 2018 10 4 (a) (b) 2018 10 4 11. 2018 10 11(a) www.kos-intl.com (b) www.hkexnews.hk (a) 2018 10 11 www.kos-intl.comwww.hkexnews.hk (b) 2018 10 112018 10 17 24 www.tricor.com.hk/ipo/result (c) 2018 10 112018 10 16 (852) 3691 8488 (d) 2018 10 112018 10 13 267

12. (a) 40 342E (b) 268

14. (a) (b) (i) (ii) 2018 10 11 2018 10 12 270

(a) 1,000,000 2018 10 11 183 22 1,000,000 2018 10 11 (b) 1,000,000 1,000,000 2018 10 11 2018 10 11 (i) 271

(ii) 11. 2018 10 11 (c) 1,000,000 2018 10 11 183 22 1,000,000 2018 10 11 (d) 272

2018 10 11 2018 10 1111. 2018 10 11 2018 10 11 2018 10 11 273

15. GEM 274

I-1 I-40 I-4 I-4020162017 12 31 2018 5 312017 12 312018 5 31 2017 12 312018 5 31 I-4 I-40 2018 9 28GEM 2 200 I-1

2 2 20162017 12 312018 5 31 2017 12 312018 5 31 2017 5 31 2 2410 2 I-2

GEM I-4 10 2018 9 28 I-3

KOS Macau KOS Executive Limited KOS Executive 2016 1 12016 12 30 KOS Staffing Limited KOS Staffing KOS International (BVI) Limited KOS International (BVI) KOS Macau (BVI) Limited KOS Macau (BVI) 2017 12 312018 5 31 I-4

12 31 5 31 2016 2017 2017 2018 6A 46,670 65,426 23,142 28,758 1 587 4 (35,524) (37,871) (15,188) (18,365) (4,290) (4,351) (1,893) (2,089) (16) (241) (3,766) (5,514) 7 6,857 20,009 6,061 2,553 8 (1,033) (3,864) (972) (1,357) 5,824 16,145 5,089 1,196 I-5

12 31 2018 2017 2018 2016 2017 5 31 12 31 5 31 12 528 359 358 13 340 766 15 5,000 5,000 * * 868 5,359 6,124 13 6,571 13,344 17,026 1,248 3,146 14 12 15 4,857 20,679 14,869 11,440 34,023 31,895 1,248 3,146 16 2,521 3,185 5,022 1,463 2,865 14 42 14 3,551 9,981 17 10,000 10,000 756 2,259 3,236 3,319 15,444 18,258 5,014 12,846 8,121 18,579 13,637 (3,766) (9,700) 8,989 23,938 19,761 (3,766) (9,700) 18 39 49 49 * * 19 8,950 23,889 19,712 (3,766) (9,700) 8,989 23,938 19,761 (3,766) (9,700) * 1,000 I-6

2016 1 1 39 8,481 8,520 5,824 5,824 10 (5,355) (5,355) 2016 12 31 39 8,950 8,989 10 10 16,145 16,145 10 (1,206) (1,206) 2017 12 31 49 23,889 23,938 3 (292) (292) 2017 12 31 49 23,597 23,646 1,196 1,196 10 (5,081) (5,081) 2018 5 31 49 19,712 19,761 2017 5 31 2017 1 1 39 8,950 8,989 5,089 5,089 2017 5 31 39 14,039 14,078 I-7

12 31 5 31 2016 2017 2017 2018 6,857 20,009 6,061 2,553 194 205 87 80 (1) (2) (4) 16 241 (65) 7,050 20,228 6,148 2,805 (1,511) (5,201) (2,227) (2,683) 748 370 (288) 1,344 6,287 15,397 3,633 1,466 (155) (2,361) (380) 6,132 13,036 3,633 1,086 (219) (36) (3) (79) (5,000) (3,230) (3,230) 1 2 4 3,230 (218) (5,034) (3,233) (75) (5,355) (1,206) (5,081) (1,095) (30) (30) (954) (1,483) (257) 10 10,000 (6,450) 7,820 (30) (6,821) (536) 15,822 370 (5,810) 5,393 4,857 4,857 20,679 4,857 20,679 5,227 14,869 I-8

1. 2017 12 1922 19613 2. 4 5 KOS Macau KOS Executive2016 12 30KOS Staffing KOS Macau KOS StaffingKOS Macau KOS Staffing GEM (a) 2017 12 19 380,000 38,000,000 KJE Limited ( KJE )KJE Caiden7425 (b) 2017 12 27KOS International (BVI) 11KOS International (BVI) (c) 2017 12 27KOS Macau (BVI) 1 1KOS Macau (BVI) (d) 2018 6 13 KOS International (BVI) (1)KJE7,500 (2)KJE7,500(3) KJE7,500 (4) Caiden7,500 KOS International (BVI) I-9

(e) (f) 2018 6 13 KOS StaffingKOS International (BVI) (1)KJE 2,475(2)KJE2,475 (3)KJE2,475 (4) Caiden2,475KOS StaffingKOS International (BVI) 2018 6 15 KOS MacauKOS Macau (BVI) (1)KJE2,500 (2)KJE2,500(3) KJE2,500 (4) Caiden2,500KOS MacauKOS Macau (BVI) 2018 6 15 KJE Caiden KOS Macau KOS Staffing 2016 1 12016 12 30 KOS Executive 3. 2018 1 1 15 2018 1 19 94 9 2018 5 319 9(1)(2) (3) 99 2018 1 12018 1 12017 12 312018 1 1 39 I-10

2018 1 19 9 2018 1 19 39 2017 12 3139 36,958 23,889 9 (292) (292) 2018 1 1 36,666 23,597 9 12 12 2018 1 1 2018 1 1292,000 2017 12 31 2018 1 1 2017 12 31 39 292 2018 1 1 292 16 1 17 3 1 23 9 1 10 28 2 19 1 28 1 20152017 1 1 2019 1 1 2 3 2021 1 1 I-11

16 16 1617 16 16 1617 16 2018 5 31227,601,000 16 1,106,00017 16 16 4. GEM 2 17 236 I-12

I-13

(i) (ii) (iii) I-14

I-15

2018 1 1 I-16

2018 1 1 9 I-17

9 12 1212 12 I-18

(i)(ii) (iii) 90 I-19

(a) (b) (c) (d) I-20

5. 4 12 2018 1 1 20162017 12 31 6,337,00011,279,00013 2018 1 1 2018 5 3112,661,000 227,000 13 6A. I-21

2016 12 31 18,230 28,440 46,670 (9,174) (26,350) (35,524) 9,056 2,090 11,146 2017 12 31 35,411 30,015 65,426 (9,469) (27,803) (37,272) 25,942 2,212 28,154 2017 5 31 10,595 12,547 23,142 (3,577) (11,507) (15,084) 7,018 1,040 8,058 I-22

2018 5 31 15,437 13,321 28,758 (4,934) (12,297) (17,231) 10,503 1,024 11,527 12 31 5 31 2016 2017 2017 2018 18,230 35,411 10,595 15,437 24,112 25,858 10,632 11,746 4,328 4,157 1,915 1,575 28,440 30,015 12,547 13,321 46,670 65,426 23,142 28,758 6B. 6A I-23

10% 12 31 5 31 2016 2017 2017 2018 A 25,032 25,786 11,224 12,188 B 8,717 6,447 10% 7. 12 31 5 31 2016 2017 2017 2018 9 34,549 36,671 14,708 17,841 975 1,200 480 524 35,524 37,871 15,188 18,365 1,166 1,166 490 489 194 205 87 80 35 200 83 92 (65) (1) (2) (4) 8. 12 31 5 31 2016 2017 2017 2018 1,033 3,865 972 1,357 (1) 1,033 3,864 972 1,357 16.5% I-24

2016 12 312017 12 31600,000 12% 12 31 5 31 2016 2017 2017 2018 6,857 20,009 6,061 2,553 16.5% 1,131 3,301 1,000 421 626 969 (24) (22) (10) (8) (63) (59) (28) (21) (1) (20) 9 19 10 (4) 1,033 3,864 972 1,357 9. 2017 12 19 2018 1 31 2017 4 1 2018 1 31 2017 12 3120172018 5 31 2017 12 31 900 14 914 I-25

2017 5 31 200 3 203 2018 5 31 500 8 508 12 31 5 31 2016 2017 2017 2018 3,726 3,303 1,329 2,081 87 85 36 37 3,813 3,388 1,365 2,118 12 31 5 31 2016 2017 2017 2018 1,000,000 4 5 5 5 1,000,0011,500,000 1 5 5 5 5 10. 2016 12 31KOS Macau4,555,000800,000 2017 12 311,206,000 I-26

2018 5 315,081,000 2018 9 122018 9 21 18,000,000 4,000,000 11. 2 12. 2016 1 1 446 164 500 1,110 102 77 40 219 2016 12 31 548 241 540 1,329 36 36 2017 12 31 548 241 576 1,365 79 79 2018 5 31 548 241 655 1,444 2016 1 1 194 112 301 607 96 27 71 194 2016 12 31 290 139 372 801 108 32 65 205 2017 12 31 398 171 437 1,006 37 12 31 80 2018 5 31 435 183 468 1,086 2016 12 31 258 102 168 528 2017 12 31 150 70 139 359 2018 5 31 113 58 187 358 I-27

20% 20% 20% 13. 12 31 2018 2016 2017 5 31 6,337 11,279 12,888 (227) 6,337 11,279 12,661 232 475 878 342 342 1,108 1,209 2,879 39 266 6,911 13,344 17,792 12 (6,571) (13,344) (17,026) 340 766 60 12 31 2018 2016 2017 5 31 30 4,154 7,236 7,048 31 60 340 594 939 61 90 252 2,183 2,430 91 180 1,228 1,028 1,715 180 363 238 529 6,337 11,279 12,661 2016 12 312017 12 312,590,0006,460,000 I-28

12 31 2016 2017 1 30 747 4,450 31 60 102 553 61 90 150 810 91 180 1,228 409 180 363 238 2,590 6,460 2018 5 31 7,579 1,800 0.49% 9 3,509 6.22% 218 12,888 227 2018 1 12018 5 31 2018 5 31 2018 1 1 292 (65) 2018 5 31 227 2018 1 19 2017 12 31 2018 5 31 1,209 2,879 39 266 1 1,248 3,146 I-29

14. 2018 5 31 2016 12 31 2018 12 31 1 1 2016 2017 5 31 2016 2017 12 12 12 577 (42) 1,533 619 501 Canvas Clothier Limited Canvas Clothier 1 6 6 1 2016 12 31 15. 0.75% 5,000,000 16. 12 31 2018 2016 2017 5 31 190 174 149 105 234 310 2,226 1,314 1,698 1,463 2,865 2,521 3,185 5,022 I-30

2017 12 312018 5 311,463,0002,865,000 17. 12 31 2018 2016 2017 5 31 10,000 10,000 2,500 5,000 7,500 5,000 10,000 10,000 (10,000) (10,000) 2.5%2017 12 312018 5 313.79% 3.56 15 18. 2017 12 19 380,000 38,000,000 0.01 2016 1 120162017 12 312018 5 31 2016 2016 2017 2018 1 1 12 31 12 31 5 31 10 10 10 10 KOS Macau 29 29 29 29 KOS Staffing 10 10 39 39 49 49 I-31

0.01 2017 12 312018 5 31 38,000,000 380,000 2017 12 312018 5 31 1 0.01 19. 2017 12 19 (3,766) 2017 12 31 (3,766) (5,934) 2018 5 31 (9,700) 20. I-32

21. 12 31 2018 2016 2017 5 31 11,206 36,958 33,638 232 10,174 10,149 2017 12 31 2018 5 31 3,551 9,981 15 17 50 502017 12 31 2018 5 3142,00042,000 I-33

2018 1 19 2016 12 312017 12 31 38% 30%2016 12 312017 12 31 78% 71% 2018 1 19 913 I-34

% 2016 12 31 190 190 190 42 42 42 232 232 232 % 2017 12 31 174 174 174 3.79% 10,000 10,000 10,000 10,174 10,174 10,174 % 2018 5 31 149 149 149 3.56% 10,000 10,000 10,000 10,149 10,149 10,149 % 2017 12 31 3,551 3,551 3,551 % 2018 5 31 9,981 9,981 9,981 I-35

2017 12 312018 5 3110,000,00010,000,000 2017 12 31 2018 5 31 10,568,00010,386,000 2017 12 31 188 2,691 7,689 10,568 10,000 2018 5 31 179 5,133 5,074 10,386 10,000 22. 12 31 2018 2016 2017 5 31 1,106 1,061 2,111 1,053 5,490 2,159 1,061 7,601 23. (i) 12 31 5 31 2016 2017 2017 2018 1 170 840 376 47 217 2 1,565 62 357 I-36

2018 1 1 2 (ii) 12 31 5 31 2016 2017 2017 2018 1,316 1,600 550 1,050 18 32 11 23 1,334 1,632 561 1,073 9 24. 975,0001,200,000480,000 524,000 20162017 12 31 20172018 5 31 25. 12 31 2016 2017 2018 5 31 KOS International (BVI) KOS Macau (BVI) 2017 12 27 2017 12 27 1 100% 100% 100% a 1 100% 100% 100% a I-37

12 31 2016 2017 2018 5 31 2009 1 21 10,000 100% 100% 100% 100% b KOS Macau 2012 12 27 30,000 100% 100% 100% 100% a KOS Staffing 2017 9 6 10,000 100% 100% 100% c KOS Executive 2015 11 4 10,000 d 12 31 (a) KOS International (BVI) KOS Macau (BVI) KOS Macau (b) 2016 12 31 2017 12 31 (c) KOS Staffing2017 12 31 (d) KOS Executive 2016 12 30 I-38

26. 2016 1 1 1,143 1,143 (1,095) (5,355) (6,450) (6) (6) 5,355 5,355 2016 12 31 42 42 (954) (30) 10,000 (1,206) 7,810 1,209 1,209 1,206 1,206 16 16 (12) (12) 2017 12 31 255 10,000 16 10,271 (1,483) (257) (5,081) (6,821) 1,669 1,669 5,081 5,081 241 241 2018 5 31 441 10,000 10,441 2017 1 1 42 42 (30) (42) (12) (12) 2017 5 31 20162017 12 31Canvas Clothier I-39

27. 2018 5 31 (i) 2018 6 152 (ii) 2018 9 122018 9 21 18,000,000 4,000,000 (iii) 2018 9 133,962,000,000380,000 38,000,00040,000,000 4,000,000,0000.01 (iv) 2018 9 13 KJE Caiden449,962,500149,987,500 (v) 2018 9 13 E. 28. 2018 5 31 I-40

20162017 12 31 2018 5 31 A. GEM 7.31 2018 5 31 2018 5 31 2018 5 31 2018 5 31 2018 5 31 2018 5 31 1 2 3 0.3 19,761 45,380 65,141 0.081 0.4 19,761 64,180 83,941 0.105 II-1

1. 2018 5 31 19,761,000 2. 0.30.4 200,000,000 2018 5 31 14,620,00015,820,000 3. 2018 5 31 800,000,000 4. 2018 5 31 2018 5 31 2018 9 12 2018 9 21 18,000,0004,000,000 2018 5 3143,141,000 0.361,941,0000.4 0.0540.3 0.0770.4 2018 5 31 800,000,000 II-2

B. 2018 9 28 II-1 II-22018 5 31 II-1 II-2 2018 5 312018 5 31 20162017 12 31 2018 5 31 GEMGEM 7.317 7 II-3

1 GEM 7.31(7) 3420 GEM 7.31 7 2018 5 31 II-4

(a) (b) (c) GEM 7.31(1) 2018 9 28 II-5

2017 12 19 1. (a) 27(2) (b) 2. 2018 9 13 (a) (i) (ii) III-1

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

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

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

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

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

(iii) (iv) (v) III-7

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

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

(ee) (c) (d) (e) (i) (15) III-10

(ii) (iii) (15) (18) III-11

21 (iv) (21)(20) (14)(10) (aa) (bb) (cc) III-12

(dd) (ee) (ff) (20%) (gg) (v) (vi) (f) III-13

(21) (g) III-14

(i) (ii) (a) (b) III-15

(h) (2) 2.50 1.00 (i) 3(f) (j) (i) (ii) III-16

(k) 3. (a) (b) III-17

(a)(b) (c)37(d)(e) (c) (d) III-18

(e) (f) (a)(b) (c) III-19

(a)(b) (c) (d) (g) (h) (i)(ii) (iii) III-20

(i) (j) (1) (2) 2018 1 10 2010 (k) (l) (m) III-21

(n) (o) (60) (p) 25% III-22

(q) (a)(b)(c) 21 III-23

(r) (75%) (s) (4) (90%)(4) (2) (1) (t) 4. III-24

A. 1. 2017 12 19 5 808-809 809A2018 1 3016 13 15 C 2. 380,000 38,000,000 0.01 (a) 2017 12 19 KJE LtdKJE Ltd74Caiden Holdings25 (b) 2018 6 15 26,220,172 KJE Ltd Caiden Holdings 22,5007,500 (c) 2018 6 15 KOS Staffing10,000 KJE Ltd Caiden Holdings 7,4252,475 (d) 2018 6 15 KOS Macau1,484,973 KJE Ltd Caiden Holdings 7,5002,500 IV-1

(e) 2018 9 13 3,962,000,000 380,000 40,000,000 (f) 5,999,500 599,950,000 (g) 8,000,000 800,000,000 3,200,000,000 A.4.2018 9 13 3. 4. 2018 9 13 2018 9 13 (a) (b) 3,962,000,000380,000 38,000,000 0.01 40,000,000 4,000,000,000 0.01 IV-2

(ii) (5) (A) (B) (C) (5) GEM 10% (6) (4) (5) 10% 5. 6. IV-4

(a) GEM GEM (i) 2018 9 13 10% (i) (ii) (iii) (ii) GEM IV-5

(iii) GEM 10% 10% GEM 30 GEM GEM5%GEM (iv) GEM (v) GEMGEM GEM IV-6

(vi) GEM GEM (vii) GEM GEM (b) (c) GEM IV-7

(d) 800,000,000 80,000,000 (e) GEM 26 IV-8

B. 1. (a) KOS International (BVI) 2018 6 13 2,500 KOS Staffing 2,500 KJE Ltd 2,475 (b) KOS International (BVI) 2018 6 13 2,500 KOS Staffing 2,500 KJE Ltd 2,475 (c) KOS International (BVI) 2018 6 13 2,500 KOS Staffing 2,500 KJE Ltd 2,475 (d) KOS International (BVI) 2018 6 13 2,500 KOS Staffing 2,500 Caiden Holdings 2,475 (e) KOS International (BVI) 2018 6 13 2,500 6,555,043 KJE Ltd 7,500 (f) KOS International (BVI) 2018 6 13 2,500 6,555,043 KJE Ltd 7,500 (g) KOS International (BVI) 2018 6 13 2,500 6,555,043 KJE Ltd 7,500 (h) KOS International (BVI) 2018 6 13 2,500 IV-9

6,555,043 Caiden Holdings 7,500 (i) (j) (k) (l) KOS Macau (BVI) 2018 6 15 KOS Macau 371,243.25 2,500 2. (i) 1(a) (b) (c) 35 304300848 2027 10 12 (d) 2(a) (b) 35 304348963 2027 11 27 (c) 3(a) (b) 35 304348972 2027 11 27 (c) IV-10

4(a) (b) 35 304365504 2027 12 11 (c) 5. KOS Macau 35 N/129411 2025 4 24 1. 35 27194903 2017 10 31 (ii) www.kos-intl.com 2009 1 13 2021 1 13 C. 1. (i) XV XV7 8 IV-11