GRAND BRILLIANCE GROUP HOLDINGS LIMITED GEM 168,000, ,200,000 16,800, %0.0027% 0.005% C ww

Grand Brilliance Group Holdings Limited 君百延集團控股有限公司於開曼群島註冊成立的有限公司股份代號 : 8372 股份發售獨家保薦人獨家全球協調人聯席賬簿管理人及聯席牽頭經辦人瑞邦證券有限公司

GRAND BRILLIANCE GROUP HOLDINGS LIMITED GEM 168,000,000 151,200,000 16,800,000 0.35 0.30 1%0.0027% 0.005% 0.01 8372 32 342C 20183220.350.30 2018322 www.hkexnews.hkwww.grandbrilliancegroup.com S 2018319

GEM GEM GEMGEM GEM GEM www.hkexnews.hkgem i

www.grandbrilliancegroup.com www.hkexnews.hk 1...2018319 2...2018322...2018322 3...2018322 2...2018322 4...2018322 www.hkexnews.hk www.grandbrilliancegroup.com(i) (ii)(iii) (iv)(v) (vi)...2018328 www.grandbrilliancegroup.com www.hkexnews.hk 10.....2018328 www.tricor.com.hk/ipo/result...2018328 ii

68...2018328 5710...2018328 GEM...2018329 1. 2. 2018322 8 9. 3. 5. 4. 2018322 5. 2018328(a) (b)2018329 6. 7. 1,000,0002018328 18322 iii

8. 1,000,000 9. 13. 10. (i)(ii) iv

GEM... i.... ii... v.... 1... 17.... 30.... 34.... 35... 52.... 56.... 61 v

.... 63.... 75... 82... 97.... 173... 186.... 190... 193.... 203.... 238... 255... 267... 274.... I-1... II-1... III-1... IV-1... V-1 vi

19 40 10,000 (i) (ii) (iii) (iv) 1

201733120171031 41.841.623.9 79.0%80.5%77.1%11.1 10.17.121.0%19.5%22.9% 25.0%25.8%29.2% 44.0%48.3%45.0% 2017331201620171031 331 1031 2016 2017 2016 2017 % % % % % % % % 27,183 51.4 15,350 56.5 33,578 65.0 17,573 52.3 18,192 62.8 9,433 51.9 22,420 72.4 11,758 52.4 19,725 37.3 8,608 43.6 13,843 26.8 5,319 38.4 9,103 31.5 3,089 33.9 6,613 21.4 2,974 45.0 3,825 7.2 2,087 54.6 2,454 4.8 1,386 56.5 907 3.1 427 47.1 876 2.8 425 48.5 74 0.1 40 54.1 4 0.1 2,143 4.1 2,143 100.0 1,708 3.3 1,708 100.0 736 2.5 736 100.0 1,049 3.4 1,049 100.0 52,876 100.0 28,188 53.3 51,657 100.0 26,026 50.4 28,942 100.0 13,685 47.3 30,958 100.0 16,206 52.3 201633152.92.3% 201733151.7 2016103128.9 7.0%2017103131.0 201733120171031 2

0.50.50.3 75,000 10,000 201633153.3%2017331 50.4% 2017331 2017331 201733120173 312016331 2016103147.3%20171031 52.3% 20171031 20171031 20171031 2017331201620171031 100 3

40 2017331 20171031 27.420.513.092.2%89.1% 92.7%13.57.1 5.445.4%31.1%38.7% 12 100 2017331201710 3193.0%92.8%93.0%2017331 2017103127.320.9 12.151.7%40.4%39.0% 8.09.13.2 15.1%17.6%10.5% 16 4

2017331201620171031 331 1031 2016 2017 2016 2017 % % % % % % % % 25,835 48.9 13,622 52.7 24,513 47.4 12,131 49.5 12,410 42.9 5,992 48.3 14,351 46.4 7,178 50.0 23,307 44.1 12,419 53.3 23,434 45.4 11,804 50.4 14,683 50.7 6,735 45.9 14,416 46.6 7,736 53.7 49,142 93.0 26,041 53.0 47,947 92.8 23,935 49.9 27,093 93.6 12,727 47.0 28,767 93.0 14,914 51.8 1,224 2.3 503 41.1 516 1.0 367 71.2 368 1.3 256 69.6 257 0.8 171 66.5 2,510 4.7 1,644 65.5 3,194 6.2 1,724 54.0 1,481 5.1 702 47.4 1,934 6.2 1,121 58.0 52,876 100.0 28,188 53.3 51,657 100.0 26,026 50.4 28,942 100.0 13,685 47.3 30,958 100.0 16,206 52.3 93.0%92.8%93.0% 201633153.3%2017331 50.4%2017331 2017331 2016103147.3%20171031 52.3%201710 31 5

(a) (b) (c) (d) 20162.5% (i) (ii)(iii) (iv) (v) (vi) (vii) 6

(i)(ii) (iii)(iv)(v) (vi) 331 1031 2016 2017 2016 2017 52,876 51,657 28,942 30,958 (24,688) (25,631) (15,257) (14,752) 28,188 26,026 13,685 16,206 12,979 11,802 5,818 379 331 1031 2016 2017 2017 4,088 3,947 4,930 40,191 31,371 35,814 12,614 4,086 9,012 27,577 27,285 26,802 31,665 31,232 31,683 7

201633113.0 1.2201733111.82017 10312.0201610 315.85.420171031 0.420171031 7.3 201633127.62017331 27.320173 7.1(i)6.7 (ii)1.4 2017103126.8 0.9(i) 3.7(ii)1.2 5.3 8

331 1031 2016 2017 2016 2017 17,957 15,243 7,806 2,711 15,908 4,747 (7,850) (3,886) (3,901) (11,646) (381) (4,078) 240 (247) (247) 4,052 12,247 (7,146) (8,478) (3,912) 4,675 16,922 16,922 9,776 16,922 9,776 8,444 5,864 9

331 1031 2016 2017 2017 (%) 1 53.3 50.4 52.3 (%) 1 24.5 22.8 1.2 (%) 1 41.0 37.8 2.1 (%) 1 29.3 33.4 1.6 331 1031 2016 2017 2017 1 3.2 7.7 4.0 1 2.0 4.3 2.4 (%) 2 5.4 0.3 3.8 1. 2. 100% 2016331 41.0% 2017331 37.8%2017331 201710312.1%20171031 201633129.3%201733133.4% 20173312017331 2017320163 201710311.6%(i)20171031 (ii) 10

20163313.220173317.7 20163312.020173314.320173 20163 20173317.74.320171031 4.02.4 B&A Success 69.68%GEMB&A Success 2017731201781Infinite CrystalAkatsuki Infinite CrystalAkatsukiInfinite CrystalAkatsuki 201781Infinite CrystalAkatsuki 88.20%6.40%5.40%Infinite CrystalSunstrike Investments Limited61.11%38.89% 11

Akatsuki 8737 Infinite Crystal Akatsuki5.06%4.26% 16,800,000151,200,000 0.30 0.35 1 240 280 2 0.08 0.09 1. 800,000,000 2. A. 12

201733120171031 16.0 12.52.8 99.99% 2017717 11.22017103110.0201711 301.2 0.3250.30 0.35 33.1 6.920.9% 10.732.4% 7.723.1% 1.33.9% 13

2.57.5% 2.26.7% 1.85.5% 20203312020331 0.41,000 20171120181 14

11 201711 20181 201813120171031 20171031 0.325 21.57.30.1 20171031 6.820183317.4 20171031 2018331 15

2018331 2018331 20171031 16

Akatsuki Akatsuki Corp. 8737 Akatsuki Akatsuki Akatsuki2017 81Akatsuki 6,500,000 5.40% 201831 GEM A&A Brilliance A&A Brilliance Limited201774 17

B&A Success B&A Success Limited 201774 A. 3.201831 631,999,000 GEM 18

32L 622 32 201775 6 GEM GEM GEM B&A Success GEM GEM15 19

201831 D. 2. 2018 31 282 57 20

GEM GEM GEM GEM 113 21

GEM Infinite Crystal Infinite Crystal Limited 201774 Sunstrike Investments Limited 61.11% 38.89% Sunstrike Investments Limited2017420 91.33%8.67% Infinite Crystal Infinite Crystal 2017731Infinite Crystal 7,632,000 6.40% 2018312 22

GEM GEM2018329 485 201831 Infinite Crystal61.11% Sunstrike Investments Limited91.33% 23

Sunstrike Investments Limited8.67% 1%0.0027% 0.005% 0.350.30 25,200,000 15% 24

151,200,000 Infinite CrystalAkatsuki Infinite CrystalAkatsuki 201 25

2018 322 1%0.0027% 0.005% 16,800,000 2018316 S S 1 26

571 0.01 GEM 201831 D. 1. 1997 1015 14 6 Sonne UK Sonne (UK) Limited2016826 27

2009311 201674 GEM GEM 106 20173312017 1031 1933 28

% 29

CE Conformité Européene CECE 30

3100 2017123142 4873 31

(i) (ii) 32

RFID 33

201733120171031 92.2%89.1%92.7% 35

3090 201733120171031 21.0%19.5%22.9% 36

42.9%41.3%49.6% 1236 20173312017 10311.41.71.0 2.7%3.3%3.2% 37

2017331 201710310.50.5 0.30.9%1.0%0.9% 2017 33120171031 168202201 38

30%50% 201710 318.920181312.9 25 39

2016103120171031 201610317.9 20161031 20171031 3.9 40

30 2016201733120171031 6.46.17.7 584448 42

201733120171031 6.06.93.6 201733120171031 325,000125,000 109,000 43

2018131 3.03.0 44

201733120171031 52.951.731.028.2 26.016.253.3%50.4%52.3% 13.011.80.4 24.5%22.8%1.2% 2016 100 46

(i)20125132016 679201220167.3%(ii)2017/182021/22 2,000 5,000 47

GEM 0.300.35 0.080.09 B&A Success B&A Success 49

201733120171031 16.012.52.82017717 11.2 50

571V GEM GEM GEM 52

44B(1) GEM GEM11.23(7) GEM25% 202,128,000168,000,000Akatsuki 34,128,00025.26% 53

GEM GEM GEM GEM 54

2018329GEM 10,0008372 1.007.80 55

2 1 9B P1105 2 1 9B 17 56

SBS, JP 10 128D 25 618B 17B 57

6 181 27 181 27 181 27 227-228 9 145 1101 108 1301-02 58

15 39 Conyers Dill & Pearman Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands Parkside Chambers 88 23101 56 29 59

111 25 8 1706 4-4A 60

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands 6 292901-29032905 GEM 2 19B P1105 61

6 181 27 Conyers Trust Company (Cayman) Limited Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands 183 22 1 www.grandbrilliancegroup.com 62

1961 380,000 63

65 201220165.0%20172021 4.6%201665 1.216.3%65 20211.519.6% 20121,04420161,39620122016 7.5%20211,78220172021 5.6%2012201620172021 20122021 20122016 20172021 7.5% 5.6% 200 5.9% 5.9% 6.0% 5.8% 5.7% 5.7% 5.6% 160 5.5% 5.5% 5.4% 120 5.1% 80 40 104.4 114.8 123.8 132.9 139.6 143.3 151.7 160.5 169.4 178.2 0 4.0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 64

20041126 20165,099.82012 20166.7% 20172021 20216,895.7 201720216.1% 20122021 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 20122016 20172021 6.7% 6.1% 6,895.7 6,517.6 6,137.1 5,789.7 5,431.3 5,099.8 4,767.3 4,289.1 4,443.1 3,940.3 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 65

20122016 20172021 2012201620172021 20122021 8,000.0 7,000.0 6,000.0 5,000.0 4,000.0 3,000.0 2,000.0 1,000.0 1,609.6 1,760.3 1,787.9 (20122016) 7.0% 6.1% 6.5% 5.6% (20172021) 1,913.0 2,039.9 2,157.2 2,293.0 2,416.6 2,555.3 2,683.7 2,330.7 2,528.8 2,655.2 2,854.4 3,059.9 3,274.1 3,496.7 3,720.5 3,962.3 4,212.0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 201660.0% 20214,212.061.1% 20122016 3,059.97.0% 20214,212.02017 20216.5% 66

2017/182021/22 2016202690 20121,609.6 20162,039.96.1% 20172021 5.6%20212,683.7 201675.0% 201627.5%2016 23.0% 20122016201236,579 201639,0901.7% 202144,3562017 20212.6%201234.1 201639.43.7% 202153.620172021 7.1%2017/182021/22 201620262,0005,000 67

2012 148.82016229.511.4% 20122021 500 450 400 350 300 250 200 150 100 50 0 148.8 163.6 2012 2016 2017 2021 11.4% 14.6% 181.7 203.4 229.5 261.6 300.3 348.4 400.7 450.7 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012 201620172021 68

20122021 8,000.0 7,000.0 6,000.0 5,000.0 4,000.0 3,000.0 2,000.0 1,000.0 3,940.3 4,289.1 4,443.1 1,632.9 2,307.4 1,797.1 2,492.0 20122016 2017 6.9% 5.9% 6.4% 6.4% 2021 1,801.6 4,767.3 1,954.2 5,099.8 2,089.7 5,431.3 5,789.7 2,219.5 2,372.4 6,137.1 2,514.8 6,517.6 2,685.2 6,895.7 2,848.6 2,641.5 2,813.2 3,010.1 3,211.8 3,417.3 3,622.4 3,832.5 4,047.1 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2016651.216.3% 20122016 5.0%201720214.6% 69

201667920127.3% 20122016 4918.2%2021 86663420172021 5.6%5.8% (PNB) 50.0% 70

2016 2.5% 5.4%2016 2016 1 965.4 46.2 20 50 100 2 601.8 28.8 5 100 3 522.4 25.0 >100 50 2,089.6 100.0 71

2016 2016 % 1 A 82.4 8.5 2 B 76.5 7.9 3 C 72.0 7.5 4 D 68.0 7.0 5 E 60.4 6.3 606.1 62.8 965.4 100.0 72

310 5,000 106 (i)(ii) (iii) (iv) 50,000 100,000 106Z 75

106Z 20037 (i) (ii) (iii) 20041126 (i) (iii) 76

20171 20162017 456 77

100,000 500,0001,000 456A 26 71 78

362 (i) (ii) 500,000 231 50,000100,000 619 20151214 79

10% 201 (i) (ii) (iii) (iv) 100,000500,000110 80

485 7 7A (i) (ii) 81

199711 1998 2000 20032005 2014 4010,00020158 201612 20093 2015 SonneBand 2016 FTecHealth Sonne UK Sonne UK 82

199711 19986 20001 2005 2004 20057 20093 2012 2011 2013 2012 2015 20158 20159 201512 20163 CE 83

2016 20167 20168 Sonne UK 201612 20171 2016/2017 20172 2016 20173 20177 19971015 19971118 1.002000926 1.001,499,999 99.99993%0.00007%200286 99.99993% 0.00007% 84

2009311 2009331 1.00 20102010 8161.00 201420142 241.00 201674 1.00 Sonne UK Sonne UK2016826 Sonne UK Sonne UK 85

201775 380,00038,000,0000.01 A&A Brilliance A&A Brilliance201774 50,0001.0020177 5A&A Brilliance100A&A Brilliance A&A Brilliance Sonne UK 2017724A&A Brilliance Sonne UK220 Sonne UK 2017724A&A Brilliance (a) 1,499,99999.99993% 220 (b) 0.00007% 86

2017724A&A Brilliance 220 2017724A&A Brilliance 220 100% 100% A&A Brilliance 100% 100% 100% 100% Sonne UK 87

2017731201781Infinite CrystalAkatsuki Infinite CrystalAkatsuki Infinite CrystalAkatsuki88.2%6.4%5.4% Infinite Crystal Akatsuki Infinite Crystal2017 74 Sunstrike Investments Limited 61.11%38.89% Sunstrike Investments Limited 91.33%8.67% 1 46 9 Akatsuki 2013 8737 Infinite Crystal AkatsukiAkatsuki Sunstrike Investments Limited Infinite Crystal 88

Infinite CrystalAkatsuki Infinite Crystal Akatsuki 7,632,000 6,500,000 2017731 201781 2017331 64 54 6.40% 5.40% 89

40,448,000 5.06% 34,128,000 4.26% 1 0.19 41.54% 90

2 (a) Infinite Crystal Infinite Crystal Infinite Crystal (b) (c) (1) 20181231 (2) (1)(2) 91

(1) (2) (i) (ii)201781 6% 14,132,000 1.0% (i) (ii) 92

(i)akatsuki (ii) Infinite Crystal 61.11% GEM 11.23Infinite Crystal (i) Akatsuki (ii) Akatsuki (iii) Akatsuki GEM 11.23 Akatsuki 1. 2. 20181231 93

(a) 2017331 (b) Infinite CrystalAkatsuki 2017731201781 28 HKEx-GL29-12HKEx-GL43-12 B&A Success 2018228B&A Success 88.20%B&A Success99 B&A SuccessInfinite CrystalAkatsuki88.20%6.40% 5.40% 94

91.33% 8.67% 100% 61.11% Sunstrike Investments Limited 38.89% B&A Success Infinite Crystal Akatsuki 88.20% 6.40% 5.40% 100% A&A Brilliance 100% 100% 100% 100% Sonne UK Sunstrike Investments Limited91.33% 8.67% 95

7,962,000,000380,000 80,000,000 6,319,990 631,999,000 B&A Success 557,423,118Infinite Crystal 40,447,936Akatsuki 34,127,946 91.33% 8.67% Sunstrike Investments Limited 100% 61.11% 38.89% B&A Success Infinite Crystal Akatsuki 69.68% 5.06% 4.26% 21.00% 100% A&A Brilliance 100% 100% 100% 100% Sonne UK Sunstrike Investments Limited91.33% 8.67% 96

19 40 10,000 (i) (ii) (iii) (iv) 1031 331 2016 2017 2017 % % % 27,183 51.4 33,578 65.0 22,420 72.4 19,725 37.3 13,843 26.8 6,613 21.4 3,825 7.2 2,454 4.8 876 2.8 74 0.1 2,143 4.1 1,708 3.3 1,049 3.4 52,876 100.0 51,657 100.0 30,958 100.0 97

40 2017331 20171031 27.420.513.092.2%89.1% 92.7%13.57.1 5.445.4%31.1%38.7% 12 100 201733120171031 93.0%92.8%93.0%20173312017 103127.320.912.1 51.7%40.4%39.0% 8.09.13.215.1% 17.6%10.5% 16 (i)(ii) 20161 98

1998 19 (i) (ii)30(iii) HK Baby Product FairThe Fourth Lifestyle Expo in Dubai, U.A.E.China (Shanghai) International Medical Devices Exhibition 2017 Hospital Authority Convention 2017 99

10,000 40 100

100 (i)(ii)30(iii) 201733120171031 93.0%92.8%93.0% 16 (a) (b) (c) 101

(d) 19 (i)(ii) 20161 25 19 17 102

20172021 6.1% 201612 201733120171031 58,00086,000 103

2.4 403010 (iii) (iv) 2019 0.7 105

(i) (ii) (iii) (iv) 1.11 106

0.72 0.14 0.20 107

60 1.55 10.720203 31 (i) 2016 2.5% 108

(i) (ii) (iii)(iv) 2019 (ii) (iii) (iv) 109

(a) 20162.5% (b) (i) (ii) 110

(i) (a) (b)(c) (d)(e) (f) (ii) 100 30 (iii) 10 3015 111

20161 201411 115,000 113,000 2.5 0.6 112

2,500 2,8500.96 1.7 1.3 0.4 19 10,000 1 2 IIIIV 35 \ 113

1 2 I 114

1 2 115

1 2 II 1. 2. 116

12 (i)(ii) 117

(i) (a) (b)(c) (ii) (iii) 201733120171031 2.11.61.0 4.1%3.2%3.1% 118

201733120171031 58,00086,000 201612 20173 3120171031 51.4%65.0%72.4% 37.3%26.8%21.4% 331 1031 2016 2017 2017 % % % 27,183 51.4 33,578 65.0 22,420 72.4 19,725 37.3 13,843 26.8 6,613 21.4 3,825 7.2 2,454 4.8 876 2.8 74 0.1 2,143 4.1 1,708 3.3 1,049 3.4 52,876 100.0 51,657 100.0 30,958 100.0 119

19 100(i) (ii)30(iii) 20173312017 103193.0%92.8%93.0% 331 1031 2016 2017 2017 % % % 25,835 48.9 24,513 47.4 14,351 46.4 23,307 44.1 23,434 45.4 14,416 46.6 49,142 93.0 47,947 92.8 28,767 93.0 1,224 2.3 516 1.0 257 0.8 2,510 4.7 3,194 6.2 1,934 6.2 52,876 100.0 51,657 100.0 30,958 100.0 120

121

20158 122

19 123

124

2017 33120171031 41.841.623.9 79.0%80.5%77.1% 201733120171031 2.53.21.9 4.7%6.2%6.2% 201733120171031 331 1031 2016 2017 2017 1 3,374 3,173 2,021 23 1,485 1,534 909 4 44.0% 48.3% 45.0% 1. 2. 125

3. 3020171031 4. 201733120171031 44.0%48.3%45.0% 201733120171031 11.110.17.1 21.0%19.5%22.9% 126

2017331201610312017 1031 331 1031 2016 2017 2016 2017 56 62 33 24 12 14 16 6 7 3 25.0% 25.8% 18.2% 29.2% 24 8,684 7,884 2,710 7,325 1. 201712312017 1031 2. 3. 4. 201733120171031 25.0%25.8%29.2%2017331 2017331 201633120163312017331 2017103120161031 2017104.9 127

128

40 3090 14 129

30 9014 (i) (ii)3030 3030 130

3030 20162017331 201710311.41.4 1.4 (i)(ii) (iii) 131

HK Baby Product Fair The Fourth Lifestyle Expo in Dubai, U.A.E. China (Shanghai) International Medical Devices Exhibition 2017 Hospital Authority Convention 2017 (i) (ii) (iii) 146,000 138,0000.0%0.3%0.4% 132

161,000220,000158,000 133

100 (i)(ii)30 (iii) 2017331 2017103193.0%92.8%93.0% 201733120171031 27.320.912.1 51.7%40.4%39.0%8.0 9.13.215.1%17.6%10.5% 16 % 2016331 1. A 2001 7,982 15.1 2. B 1998 7,269 13.7 3. C 1998 4,921 9.3 4. D 1998 3,703 7.0 5. E 1998 3,474 6.6 27,349 51.7 25,527 48.3 52,876 100.0 134

% 2017331 1. C 1998 9,077 17.6 2. E 1998 3,261 6.3 3. F 2001 3,122 6.0 4. G 1998 2,717 5.3 5. D 1998 2,695 5.2 20,872 40.4 30,785 59.6 51,657 100.0 20171031 1. C 1998 3,244 10.5 2. G 1998 2,354 7.6 3. F 2001 2,300 7.4 4. 1998 2,090 6.8 5. E 1998 2,086 6.7 12,074 39.0 18,884 61.0 30,958 100.0 30 30 30 135

5% 201733120171031 41.841.623.9 79.0%80.5%77.1% 11.110.17.121.0% 19.5%22.9% 30 12 136

1236 12 10,000,000 30%50% 137

30 138

(i) (ii) (iii) (iv) (v) 7 139

40 29.723.014.0 201733120171031 27.420.513.0 92.2%89.1%92.7%13.5 7.15.445.4%31.1%38.7% 12 140

1 1 2016331 1. A 100 2. B 5 2 3 4 % 2005 2018930 60 13,500 45.4 2001 2018630 90 4,868 16.4 141

3. Cardinal Health 200, LLC 6 4. Teleflex Medical Europe Ltd. 1 1 Cardinal Health, Inc. Teleflex Incorporated 2 3 4 % 2001 2018630 60 3,547 11.9 2003 20191231 30 3,424 11.5 142

1 1 2 3 4 % 5. C 7 2015 2,060 7.0 27,399 92.2 2,324 7.8 29,723 100.0 2017331 1. Teleflex Medical 2003 20191231 30 7,147 31.1 Europe Ltd. Teleflex Incorporated 143

1 1 2. A 100 3. B 5 2 3 4 % 2005 2018930 60 4,912 21.3 2001 2018630 90 3,589 15.6 144

1 1 2 3 4 % 4. Cardinal Health 2001 2018630 60 2,604 11.3 200, LLC 6 Cardinal Health, Inc. 5. C 7 2015 2,258 9.8 20,510 89.1 2,504 10.9 23,014 100.0 145

1 1 2 3 4 % 20171031 1. A 2005 2018930 60 5,433 38.7 100 2. Cardinal Health 2001 2018630 60 2,543 18.1 200, LLC 6 Cardinal Health, Inc. 3. C 7 2015 2,242 16.0 146

1 1 4. B 5 2 3 4 % 2001 2018630 90 1,935 13.8 147

1 1 2 3 4 % 5. Teleflex Medical Europe Ltd. Teleflex Incorporated 2003 20191231 30 854 6.1 13,007 92.7 1,025 7.3 14,032 100.0 1. 2. Cardinal Health 200, LLC 3. 4. 3090 5. B20179 6. Cardinal Health 200, LLCCardinal Health, Inc. 148

7. CC 5% 149

201733120171031 85%76%76% 201733120171031 32%31%31% 201733120171031 53%45%44% 150

3090 151

152

153

(i) (ii) 30120 (iii) (iv) 2016630B 2017630B B2018630 20151231Teleflex Medical Europe Ltd. 20161231 Teleflex Medical Europe Ltd.20191231 Cardinal Health 200, LLCA 20186302018 930 C 154

(a) (b) (i) (ii)(iii) (iv)(v) (i) (ii) 1216 19 (iii) 20171231 Teleflex Medical Europe Ltd. 155

(iv) ATeleflex Medical Europe Ltd.B 2015920151220176 (v) (c) 25 156

201733120171031 0.50.50.30.9%1.0% 0.9% 201733120171031 20181 157

20161 20159 201612 20181 20163CE 75,000 158

(a) (b) CE (a) (b) (1) 201871 209,100 2019630 (i) (ii) 159

(2) 201871 20,000 2019930 (3) CE 201871 100,000 2020630 CE (4) 201841 (i) 2019331 (a) 500,000 (ii) (b) 57,000 (5) 2019101 420,000 20191231 160

2016201733120171031 14.713.714.0 161,000220,000158,000 201733120171031 168202201 161

12,100 A 2017121 8,032 603-609 20191130 B22 B1-2B4-5 B 201682 4,064 603-609 201881 B226-7 201733120171031 1.41.71.0 1917 162

24 2017331 201710310.80.8 0.41.5%1.5%1.4% 163

2017 2016 2017 2016/2017 2013 2012 2012 2011 2005 2004 20162.5% 164

24 2 6 1 2 8 3 2 24 3 165

2017331 20171031 221,000257,000151,000 10,000,000 2017331 2017103174,000 48,00097,000 166

9383802 2,0392016212017101834,600 6292901-29032905 2,85020178152020814 80,000201710 167

www.grandbrilliancegroup.comwww.solar-med.com B. 2. (i) (ii) (iii) (iv) (v) (vi) 168

106Z 20173102022310 20168232021823 201585202085 169

20175 20176 GEM15 GEM15 GEM GEM GEM 170

GEM 5,000 2018331 171

20178 172

48 201775 19971115 34 2017918 2016212 51 2017918 2017918 49 2017918 2017918 SBS, JP 68 201831 201831 63 201831 201831 52 201831 201831 173

48 19971120177520179 18201831 Lo ndon International Trading (Asia) Limited Reckitt Benckiser Group plc RB 19991 19999 199412 199712 Health Care Products Limited 19918 19934 19938 199411 19907 19918 19894 19907 19876 19893 19907(The Hong Kong Hospital Services Department School of General Nursing) 19999(University of South Australia) 174

342016212 20179182017918 12 20155 20161 20109 20153 67 20059 20109 200512 20099201712 175

5120179182017 918 202011 11 2010420124 2000720103 1994720006 1993719946 1992119936 19917199112 19901219957 (Royal College of Surgeons of Edinburgh)2000 2(Royal College of Surgeons of Edinburgh) 2000320005 200410 201511 176

492017918 2420074 20042 19965 BNP Paribas Equities Hong Kong Limited 19964 20043 19933 19964 198028 2009313 19906Oxford University 199110Oxford University 177

SBS, JP 68201831 20144 20098 20033101112 19982004201220161996 199819881997 1988199719875 20136 3903 20133 2689 19976 315 200712 66 20175 178

63201831 20181 200512201712 Computershare LimitedCPU 19806200511 1977619809 197710 19805198211982619855 19809 201310 52201831 201210 20147 179

201112 201412 20008 388 20149 20076 20135 19887 20007 19881120149 (i) (ii) C. XV(iii)GEM 17.50(2)(iv) 180

48 20144 19981 41 20144 20014 32 20164 20108 31 20152 20152 48 19981 1919941119956 81 19901 41 1720014 20031120144 20001020013Science International Corporation 200011 32 6 2010820118201211 181

20164 20118201211GEM 835520107 31 20152 6 20104201412 20091020104 2008820098 200811 200912 GEM 182

201831GEM 15 201831GEM 15 201831GEM 15 201733120171031 0.71.50.5 183

201733120171031 1.91.60.7 2017331201710 31 2018331 1.5 12 GEM6A.19 GEM6A.23 (i) (ii) 184

(iii) (iv) GEM17.11 GEM18.03 D.1. A.2.1 185

8,000,000,000 80,000,000 1,000 10 631,999,000 6,319,990 168,000,000 1,680,000 800,000,000 8,000,000 GEM11.23(7) GEM25% 186

D.1. 201831 6,319,990 631,999,000 (i) 20% (ii) 187

(i) (ii) (iii) A. 3.201831 10% GEMGEM A.6. (i) (ii) (iii) A. 3.201831 188

(i)(ii)(iii)(iv) (v) 2. (iii) 2. (a) (ii) 189

XV2 3 10% GEM B&A Success 557,424,000 69.68% 557,424,000 69.68% 1 557,424,000 69.68% 2 Infinite Crystal 40,448,000 5.06% 40,448,000 5.06% 3 40,448,000 5.06% 4 Sunstrike Investments 40,448,000 5.06% Limited 5 Sunfund Asia Capital 40,448,000 5.06% Holdings Limited 5 40,448,000 5 5.06% 190

40,448,000 5 40,448,000 5 40,448,000 56 5.06% 5.06% 5.06% 1. B&A SuccessB&A Success B&A Success 2. 3. Infinite Crystal61.11% Infinite Crystal 4. Infinite Crystal61.11% Infinite Crystal 5. Infinite CrystalSunstrike Investments Limited38.89%Sunstrike Investments LimitedSunfund Asia Capital Holdings LimitedSunfund Asia Capital Holdings Limited 91.33% Sunstrike Investments LimitedSunfund Asia Capital Holdings Limited Infinite Crystal 6. 191

XV2 3 10% 192

B&A Success 69.68%GEMB&A Success (i) (i) (ii) (iii) (iv) 193

(ii) (i) (ii) (iii) (iv) (v) (vi) (vii) 29 194

(iii) B&A Success 69.68% B&A Success B&A Success B&A Success 195

GEM11.04 GEM 11.04 B&A Success201831 (i) 30% (ii) 196

(i) (ii) (i) (ii) (i) (ii) XV 10% (iii) (iv) 197

(i) 7 (i)(ii) (ii) (i) (ii) 198

(iii) GEM (iv) GEM (v) (vi) (i) (ii) 199

(iii) (a) (b) (c) (d) 12 12 30 200

(i) GEM (ii) GEM (iii) (iv) (v) (vi) (vii) 201

(viii) (ix) GEM GEM 202

19 40 10,000(i) (ii) (iii) (iv) 203

201775 2016201733120171031 Sonne UK 3 2017 20215.6%2026 204

5,00090 205

(i)(ii) (iii) 35 206

2017331201620171031 1031 331 2016 2017 2016 2017 52,876 51,657 28,942 30,958 (24,688) (25,631) (15,257) (14,752) 28,188 26,026 13,685 16,206 116 74 40 50 344 162 36 109 (800) (795) (403) (437) (12,311) (11,277) (6,334) (6,569) (7,335) (7) 15,530 14,190 7,024 2,024 (2,551) (2,388) (1,206) (1,645) 12,979 11,802 5,818 379 207

2017331 201620171031 331 1031 2016 2017 2016 2017 % % % % % % % % 27,183 51.4 15,350 56.5 33,578 65.0 17,573 52.3 18,192 62.8 9,433 51.9 22,420 72.4 11,758 52.4 19,725 37.3 8,608 43.6 13,843 26.8 5,319 38.4 9,103 31.5 3,089 33.9 6,613 21.4 2,974 45.0 3,825 7.2 2,087 54.6 2,454 4.8 1,386 56.5 907 3.1 427 47.1 876 2.8 425 48.5 74 0.1 40 54.1 4 0.1 2,143 4.1 2,143 100.0 1,708 3.3 1,708 100.0 736 2.5 736 100.0 1,049 3.4 1,049 100.0 52,876 100.0 28,188 53.3 51,657 100.0 26,026 50.4 28,942 100.0 13,685 47.3 30,958 100.0 16,206 52.3 2017331201620171031 52.951.728.931.0 201633152.91.22.3% 201733151.7 2016103128.9 2.17.0%2017103131.0 2017331201620171031 28.226.013.716.2 53.3%50.4%47.3%52.3% 208

10,000 20173312016 2017103151.4%65.0% 62.8%72.4% 201633127.2 6.423.5%201733133.6 2.214.5%201510 2017331 201633156.5%201733152.3% 2016103118.24.2 23.2%2017103122.4 (i)20161031 212017103124 (ii) 201710312.3 24.6%20161031 51.9%2017103152.4% 209

2017331201620171031 37.3%26.8%31.5%21.4% 201633119.7 5.929.8%201733113.8 38.2%5.32016331 2017331 2017331 2016331 43.6%201733138.4% 20171031 201610319.12.527.4%2017 10316.6 20171031 2017103120161031 3.7%2016103133.9% 2017103145.0%20161031 20171031 2017331201620171031 7.2%4.8%3.1%2.8% 210

20163313.81.3 35.8%20173312.5 20163312017 3310.733.6% 201733154.6% 56.5% 2016201710310.9 201620171031 47.1%48.5% 20163312.1 0.420.3%20173311.7 20171031 201610311.1 2017331201620171031 2.11.60.71.0 2017331201620171031 58,00032,00086,000 201612 201733120171031 26,00086,0002017331 201620171031100 211

201733120161031 2017331 201610310.1% 19(i) (ii)30(iii) 20173312016 20171031 331 1031 2016 2017 2016 2017 % % % % % % % % 25,835 48.9 13,622 52.7 24,513 47.4 12,131 49.5 12,410 42.9 5,992 48.3 14,351 46.4 7,178 50.0 23,307 44.1 12,419 53.3 23,434 45.4 11,804 50.4 14,683 50.7 6,735 45.9 14,416 46.6 7,736 53.7 49,142 93.0 26,041 53.0 47,947 92.8 23,935 49.9 27,093 93.6 12,727 47.0 28,767 93.0 14,914 51.8 1,224 2.3 503 41.1 516 1.0 367 71.2 368 1.3 256 69.6 257 0.8 171 66.5 2,510 4.7 1,644 65.5 3,194 6.2 1,724 54.0 1,481 5.1 702 47.4 1,934 6.2 1,121 58.0 52,876 100.0 28,188 53.3 51,657 100.0 26,026 50.4 28,942 100.0 13,685 47.3 30,958 100.0 16,206 52.3 2017331 201620171031 49.147.927.128.8 93.0%92.8%93.6%93.0% 212

2016331 52.7%53.3%201733149.5%50.4%(i) 2017331 (ii)2016331 2017 331 20161031 48.3%45.9%2017103150.0%53.7% 20171031 201733120162017103124.7 25.615.314.8 331 1031 2016 2017 2016 2017 22,591 23,446 13,892 13,346 1,559 1,603 893 895 368 380 333 369 161 220 157 158 9 18 (18) (16) 24,688 25,631 15,257 14,752 2017331 201620171031 22.623.413.913.3 213

2017331201620171031 116,00074,00040,00050,000 20163312017331 201620171031 2017331201620171031 344,000162,00036,000109,000 331 1031 2016 2017 2016 2017 757 763 388 437 43 32 15 800 795 403 437 2017331201620171031 0.80.80.40.4 1.5%1.5%1.4%1.4% 214

(i) (ii)(iii)(iv)(v) (vi)(vii)(viii) 331 1031 2016 2017 2016 2017 5,973 6,932 3,883 3,552 1,978 2,209 1,288 1,511 482 453 292 160 230 230 134 54 209 113 319 1,418 1,243 363 160 296 933 881 464 731 12,311 11,277 6,334 6,569 2017331 23.3%21.8%201633112.3 1.08.4%201733111.3 (i)1.0(ii) 1.4(iii)0.9 215

201620171031 6.36.6201620171031 21.9%21.2% 12(a)2017331 0.60.6 20173310.6 2018331 0.6 2018331 2017103122,000 20171031 7.3 20173312016 201710317,000 2017 331201620171031 2.62.41.21.6 16.4%16.8%17.2%81.3% 216

20163312.60.2 6.4%20173312.4 2016201733116.4% 16.8% 7.3 201610311.220171031 1.620161031 17.2%2017103181.3% 201633113.0 1.29.1%201733111.8 201610315.85.4 93.5%201710310.4201710 317.37.7 20173312016201710 3124.5%22.8%20.1%1.2% 2016103120.1%20171031 1.2%(i)201710317.3(ii) 201610311.2 201710311.6 217

331 1031 2016 2017 2016 2017 15,908 4,747 (7,850) (3,886) (3,901) (11,646) (381) (4,078) 240 (247) (247) 4,052 12,247 (7,146) (8,478) (3,912) 4,675 16,922 16,922 9,776 16,922 9,776 8,444 5,864 218

201710313.9 2.70.2 6.4(i) 201710 31(ii)(iii) (iv) 20173314.7 15.23.8 6.720173 20163 201633115.9 18.02.8 0.7 2017320163 20173313.9 11.6 201710314.1 (i)(ii) 219

201710314.1 14.110.0 20173310.2 20163310.2 20162017331201710312018131 27.627.326.827.2 331 2017 2018 2016 2017 1031 131 14,706 13,718 13,957 15,231 7,541 7,689 12,963 12,660 169 1,022 19 16,922 9,776 8,894 8,543 40,191 31,371 35,814 36,434 10,615 3,915 7,620 8,617 293 66 192 192 327 80 1,379 25 1,200 381 12,614 4,086 9,012 9,190 27,577 27,285 26,802 27,244 220

201633127.62017331 27.320173 7.1(i)6.7 (ii)1.4 201733127.320171031 26.80.9(i) 3.7(ii)1.2 5.3 2017103126.820181 3127.21.30.8 (i)0.3(ii) 0.4(iii)1.0 221

(i)(ii)(iii)(iv) 2016201733120171031 14.713.714.0 331 1031 2016 2017 2017 3 7,166 5,917 5,564 36 1,839 2,979 1,894 612 3,248 2,495 4,245 1 2,453 2,327 2,254 14,706 13,718 13,957 201710316122017331 2016103121 2017103124 222

0.40.40.4 1031 331 2016 2017 2017 168 202 201 365 214 201733120171031 168202201 (i) (ii) (iii) 30%50% 2018131201710314.532.4% 223

331 1031 2016 2017 2017 7,836 7,558 9,127 (1,418) (1,418) (1,418) 6,418 6,140 7,709 17 11 134 1,106 1,538 5,120 7,541 7,689 12,963 201633120173 316.46.120171031 7.7 30 30 30 224

331 1031 2016 2017 2017 030 2,103 3,178 3,092 3160 3,566 1,587 2,795 6190 364 810 1,100 90 385 565 722 6,418 6,140 7,709 331 1031 2016 2017 2017 30 3,527 1,476 2,796 3060 365 815 1,107 6090 169 66 554 90 215 500 166 4,276 2,857 4,623 201620173312017 10311.41.41.4 225

331 1031 2016 2017 2017 58 44 48 365214 584448 20181317.020171031 90.6% 2016331 1.120173311.5 0.320171031 5.13.8 2016201733120171031 0.2 2016201733120171031 1.0Solaire International Limited 20162017331201710310.3 80,000 226

20171031 331 1031 2016 2017 2017 9,288 2,987 5,188 925 854 1,222 402 74 10 1,200 10,615 3,915 7,620 20163319.320173313.0 201710315.2 90 331 1031 2016 2017 2017 030 3,221 1,678 632 3160 2,846 396 3,399 6190 941 454 53 90 2,280 459 1,104 9,288 2,987 5,188 227

331 1031 2016 2017 2017 95 87 59 365214 2016331201733120171031 958759 20181314.720171031 89.7% 20163312017331 0.90.9201710311.2 0.1 43,0001.3 228

331 1031 2016 2017 2017 1,409 498 1,050 155 1,624 1,564 498 2,674 2016201733120171031 20163312017331201710312018131 2018131 3.00.1 20181312.9 3.03.0 2018131 229

29 1031 331 2016 2017 2017 (%) 1 53.3 50.4 52.3 (%) 2 24.5 22.8 1.2 (%) 3 41.0 37.8 2.1 (%) 4 29.3 33.4 1.6 331 1031 2016 2017 2017 5 3.2 7.7 4.0 6 2.0 4.3 2.4 (%) 7 5.4 0.3 3.8 230

1. 100% 2. 100% 3. 20171031 100% 4. 20171031 100% 5. 6. 7. 100% 201633141.0%201733137.8% 2017331201710 312.1%20171031 201633129.3%201733133.4% 20173312017331 2017320163 201710311.6%(i)201710 31(ii) 201733135.32017103140.7 231

20163313.22.02017331 7.74.320173 2016320163 3112.620173314.1 201710314.02.4 201733131.4 2017103135.82017 3314.1201710319.0 (i)2.2(ii)1.2(iii) 1.2 232

34 2017331201620171031 13.011.85.80.4 2017 3312016201710315% 10%15% 331 1031 2016 2017 2016 2017 15% (3,092) (3,210) (1,911) (1,848) 10% (2,061) (2,140) (1,274) (1,232) 5% (1,031) (1,070) (637) (616) 0% -5% 1,031 1,070 637 616-10% 2,061 2,140 1,274 1,232-15% 3,092 3,210 1,911 1,848 233

201733120171031 16.012.52.8 99.99% 2017717 11.22017103110.02017 11301.2 20177520171031 31.9 0.325 21.57.4 14.1 7.30.1 201710316.8 2018331 2018331 234

GEM 7.31 20171031 20171031 2017 1031 1 2 3 0.30 28,993 36,529 65,522 0.08 0.35 28,993 44,341 73,334 0.09 1. 2017103120171031 31,683,0002,690,000 2. 168,000,0000.30 0.300.350.35 0.300.35 20171031 3. 800,000,000 4. 2017 1031 235

GEM GEM 17.1517.21 0.41,000 20171120181 11201711 2018 1 2018131 20171031 20171031 35 20171031 2018331 236

2018331 2018331 20171031 237

(a) (b) (c) (d) (e) 4 (f) (g) (h) (i) 238

(j) (k) (l) (m) (n) (o) (p) (q) (r) (s) (t) (u) 239

0.3250.30 0.35 33.1 6.920.9% (i)3.2 40 (ii)3.7 10.732.4% 2020331 7.723.1% 1.33.9% 240

2.57.5% 2.26.7% 1.85.5% 2020331 2020331 2020331 241

2018412018930 16 3.4 (a)2018ifsec Exhibition 2018 (b)2018 Florida International Medical Expo 2018 (FIME)) 242

1.8 243

244

(a) (b) 0.6 CE 0.2 1.6 245

20181012019331 (a) 2018Medica 2018 (b) 2019Hong Kong Baby Product Fair 2019 0.8 2.5 246

0.3 0.2 2.3 0.2 247

2019412019930 1.6 (a) 2019IFSEC Exhibition 2019 (b) 2019 Medical Fair Asia 2019 3.1 248

7.4 0.2 20191012020331 (a) 2019Medica 2019 (b) 2020Hong Kong Baby Products Fair 2020 (c) Prego Expo (d)2020 Baby Show 2020 1.1 249

3.3 0.5 CE 0.2 250

2018 331 2018 41 2018 930 2018 101 2019 331 2019 41 2019 930 2019 101 2020 331 3.4 0.8 1.6 1.1 6.9 1.8 2.5 3.1 3.3 10.7 0.3 7.4 7.7 0.6 0.2 0.5 1.3 0.2 2.3 2.5 1.6 0.2 0.2 0.2 2.2 0.5 0.5 0.4 0.4 1.8 8.1 6.8 12.7 5.5 33.1 33.1 2020331 0.35 3.9 0.303.9 251

3.5 0.4 (i) (ii) (iii)(iv) (v) 0.35 12.1 0.325(i) 7.6(ii)2.7 (iii)1.0 (iv)0.8 GEM 252

33.1 201733120171031 18.015.22.7 201710318.92018131 3.03.0 12 GEM GEM 253

2016201733120171031 5.4%0.3%3.8% 254

16,800,000 (i) (ii) 255

2018329 (a) (i) (ii) (iii) (iv) (1) (2) (v) 256

(vi) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 257

(ix) (x) GEM (xi) (xii) GEM (xiii) (xiv) (xv) (xvi) (xvii) (xviii) 258

(i) (ii) (iii) (iv) (a) (b) 259

GEM17.29 GEM17.29 GEM13.16A(1) GEM13.18 (a) (b) (a) (a) GEM GEM13.19 (a) GEM13.18(1)GEM 13.18(4)12 GEM17.43(1)(4) (b) (a) (a)(b)gem 261

GEM GEM17.29 (a) (b) (c) (a)(b) (d) (a)(b)(c) (a)(b)(c) 262

GEM (a) (i) (ii) (iii) (a)(i)(a)(ii) (iv) (a)(i)(a)(ii)(a)(iii) (a)(i)(a)(ii)(a)(iii) 263

(b) (a)(i)(a)(ii)(a)(iii) GEM (c) (a)(i)(a)(ii)(a)(iii) INFINITE CRYSTALAKATSUKI Infinite CrystalAkatsuki 2018 313 (a) (b) 264

266

168,000,000 151,200,000 90% 16,800,00010% 151,200,000 90% 18.9% 267

16,800,000 10%2.1% 0.35 1%0.0027%0.005% 100%16,800,000 (a) (i) 268

(ii) 15 16,800,000 33,600,000 20% (iii) 1550 50,400,000 30% (iv) 50100 67,200,000 40% (v) 100 84,000,000 50% (b) (i) (ii) 33,600,000 20% 269

GEM6 (a)(iii)(a)(iv)(a)(v) 33,600,000HKEX- GL-91-18 2018328 25,200,000 15% 571W 25,200,000 3.05%23.41% 270

2018322 2018322 (www.hkexnews.hk) (www.grandbrilliancegroup.com) 0.350.30 (www.hkexnews.hk)(www.grandbrilliancegroup.com) 0.32533.1 271

2018328(www.hkexnews.hk) (www.grandbrilliancegroup.com) 0.350.30 0.351% 0.0027%0.005%10,000 3,535.27 0.35 (i) GEM (ii) (iii) 272

(www.hkexnews.hk)(www.grandbrilliancegroup.com) GEM 2018329 2018329GEM 10,0008372 273

1. 2. 18 S GEM GEM GEM 274

3. 20183192018322 (i) 181 27 227-228 9 145 1 101 108 1301-02 275

(ii) 4-4A 6 12 4A1 132 G30 B117-23 298 C1 20183192018322 812 2018319 2018320 2018321 2018322 2018322 9. 276

4. (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 277

(ix) (x) (xi) (xii) (i) (ii) SS902(h)(3) (xiii) (xiv) (xv) (xvi) (xvii) (xviii) 278

(xix) (i) (ii) (xx) (i) 15(ii) 16,800,000 33,600,000 20% 5. +852 2979 7888 https://ip.ccass.com 8 12 279

(i) (ii) 280

40 281

10,00010,000 282

2018319 2018320 2018321 2018322 () () () 20183192018 32224 2018322 9. 40 40342E 283

6. 2018322 (i)(ii) 7. 284

8. 10,000 10,000 9. 2018322 285

2018322 10. 2018328www.grandbrilliancegroup.com www.hkexnews.hk 2018328 www.grandbrilliancegroup.comwww.hkexnews.hk 2018328201846 24www.tricor.com.hk/ipo/result 2018328201844 (852) 3691 8488 2018328201843 286

11. (i) 40342E (ii) (iii) 287

(iv) 100% 12. 0.35 2018328 13. 288

(i) (ii) 2018 328 2018329 (i) 1,000,000 2018328 18322 289

1,000,000 2018328 (ii) 1,000,000 1,000,000 2018328 2018328 10. 2018328 290

(iii) 2018328 201832810. 2018328 2018328 291

2018328 14. GEM 292

I-4I-45 2016201733120171031201710 31201733120171031 I-4I-45 GEM2018319 23 200 I-1

23 23 2016201733120171031 20171031 20161031 23 2410 23 I-2

GEM I-4 13 P06158 2018319 I-3

I-4

331 1031 2016 2017 2016 2017 7 52,876 51,657 28,942 30,958 (24,688) (25,631) (15,257) (14,752) 28,188 26,026 13,685 16,206 8 116 74 40 50 344 162 36 109 (800) (795) (403) (437) (12,311) (11,277) (6,334) (6,569) (7,335) 9 (7) 10 15,530 14,190 7,024 2,024 11 (2,551) (2,388) (1,206) (1,645) 12,979 11,802 5,818 379 225 (20) 225 (20) 12,979 12,027 5,818 359 14 I-5

331 1031 2016 2017 2017 15 717 307 1,490 16 2,690 2,690 2,690 17 545 770 750 18 136 180 4,088 3,947 4,930 19 14,706 13,718 13,957 20 7,541 7,689 12,963 21 169 22 1,022 19 23 16,922 9,776 8,894 40,191 31,371 35,814 24 10,615 3,915 7,620 293 66 192 21 327 80 1,379 25 1,200 12,614 4,086 9,012 27,577 27,285 26,802 31,665 31,232 31,732 18 49 31,665 31,232 31,683 25 1,500 1,500 26 30,165 29,732 31,683 31,665 31,232 31,683 I-6

1031 2017 31 17,809 31 9,601 27,410 25 26 27,410 27,410 I-7

* * * * 201541 1,500 33,186 34,686 12,979 12,979 12,979 12,979 13 (16,000) (16,000) 2016331201641 1,500 30,165 31,665 11,802 11,802 225 225 225 11,802 12,027 13 (12,460) (12,460) 2017331201741 1,500 225 29,507 31,232 379 379 (20) (20) (20) 379 359 13 (14,040) (14,040) (1,500) 1,500 25 14,132 14,132 20171031 14,132 1,500 205 15,846 31,683 20161031 201641 1,500 30,165 31,665 5,818 5,818 5,818 5,818 20161031 1,500 35,983 37,483 * I-8

331 1031 2016 2017 2016 2017 15,530 14,190 7,024 2,024 7 482 453 292 160 368 380 333 369 161 220 157 158 1,418 4 (13) 17,957 15,243 7,806 2,711 (7,167) 388 3,957 (766) 2,640 (148) (12,660) (5,216) 5,567 (6,704) (6,253) 2,511 (287) (227) (200) 126 (3,030) 18,710 8,552 (7,350) (3,664) (2,802) (3,805) (500) (222) 15,908 4,747 (7,850) (3,886) (113) (43) (33) (1,343) (50) (250) (250) (3,738) (11,353) (98) (2,735) (3,901) (11,646) (381) (4,078) (7) (10,000) 247 (247) (247) (80) 14,132 240 (247) (247) 4,052 12,247 (7,146) (8,478) (3,912) 4,675 16,922 16,922 9,776 16,922 9,776 8,444 5,864 16,922 9,776 8,444 5,864 I-9

1. 20177522 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands6292901-032905 2. Sonne (UK) Limited Sonne UK GEM (a) 201775380,00038,000,000 0.01 (b) A&A Brilliance Limited A&A Brilliance 201774 50,0001 201775A&A Brilliance100A&A Brilliance (c) 2017724A&A BrillianceSonne UK 220 Sonne UK (d) 2017724A&A Brilliance (i)1,499,999 220 (ii) (e) 2017724A&A Brilliance 220 I-10

(f) 2017724A&A Brilliance 220 (g) 2017731Infinite Crystal Limited Infinite Crystal Infinite Crystal 7,632,00064Infinite Crystal2017731 7,632,000201781Infinite Crystal64 Infinite Crystal 61.11%38.89% (h) 201781Akatsuki Corp. Akatsuki Akatsuki6,500,00054 201781Akatsuki6,500,000 Akatsuki54 Infinite CrystalAkatsuki88.2% 6.4%5.4% (i) 2018228B&A Success Limited B&A Success B&A Success 99B&A SuccessInfinite CrystalAkatsuki88.2%6.4%5.4% (a)(h) A&A BrillianceB&A Success A&A Brilliance 5 A&A BrillianceA&A Brilliance 20162017 33120171031 I-11

A&A Brilliance Limited (A&A Brilliance) (a) 201774 100 1 100% (b) 19971015 1,500,000 1,500,000 100% (b) 2009311 11 100% (c) 201674 11 100% Sonne (UK) Limited (Sonne UK) (d) 2016826 11 100% 331 (a) A&A Brilliance (b) 20162017331 (c) 2016742017331 (d) Sonne UK I-12

3. (a) GEM 201741 4 5 (b) 2 (c) I-13

20% 20% 30% 3(m) (d) 3(m) (e) (f) (i) I-14

(ii) I-15

(iii) 3(n) (iv) (v) (vi) (i)37 (ii)18 (vii) 39 (g) I-16

(h) (i) (ii) (iii) (iv) (v) (i) (j) (k) I-17

(l) (i) (ii) (iii) (m) (n) I-18

I-19 (o) (p) (q) (r) (s) (a) (i) (ii) (iii)

(b) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (a) (a)(i) (i) (ii) (iii) 4. 20142016 1 40 1 28 1 4 4 9 1 2 1 1 1 9 1 9 2 15 1 15 15 1 16 2 17 3 22 1 23 2 10 4 28 1 201811 2 201911 I-20

3 202111 4 201611 9 9 9 39 939 939 9201811 92018 41 205,000201841 399 9 9 9 9 15 15 1811 I-21

15 1 2 3 4 5 15 15 15 201615 15201811 1520184115 15 16 16 16 17 27201710312,674,000 16 16 5. I-22

(i) (ii) (iii) 6. (a) 8 (b) I-23

(c) 10% 331 1031 2016 2017 2016 2017 I 7,982 * * * II 7,269 * * * III * 9,077 7,205 3,244 * 10% 7. 331 1031 2016 2017 2016 2017 27,183 33,578 18,192 22,420 19,725 13,843 9,103 6,613 3,825 2,454 907 876 74 4 50,733 49,949 28,206 29,909 2,143 1,650 704 963 58 32 86 52,876 51,657 28,942 30,958 I-24

8. 331 1031 2016 2017 2016 2017 115 5 4 67 34 50 1 2 2 116 74 40 50 9. 331 1031 2016 2017 2016 2017 7 10. 331 1031 2016 2017 2016 2017 230 230 134 734 1,418 # 22,591 23,446 13,892 13,346 368 380 333 369 161 220 157 158 23,120 24,046 14,382 13,873 I-25

331 1031 2016 2017 2016 2017 * 482 453 292 160 12(a) 5,752 6,675 3,740 3,401 221 257 143 151 5,973 6,932 3,883 3,552 (325) (125) (36) (109) 1,816 2,105 1,224 1,396 478 541 282 276 (13) 4 # * 2017331201620171031 417,000478,000243,000253,000 I-26

11. 331 1031 2016 2017 2016 2017 2,603 2,432 1,235 1,390 26 2,603 2,432 1,235 1,416 18 (52) (44) (29) 229 2,551 2,388 1,206 1,645 16.5% 331 1031 2016 2017 2016 2017 15,530 14,190 7,024 2,024 16.5% 2,562 2,342 1,159 334 19 11 3 1,218 55 62 66 (6) 2 1 26 (24) (20) (20) 2,551 2,388 1,206 1,645 I-27

12. (a) 2016331 615 2 617 98 3 101 713 5 718 2017331 615 2 617 767 65 18 850 1,382 65 20 1,467 20161031 370 370 448 38 11 497 818 38 11 867 20171031 22 22 455 11 466 477 11 488 I-28

(b) 20162017331201620171031 1222 20162017331201620171031 4333 331 1031 2016 2017 2016 2017 1,574 1,305 722 694 230 173 101 7 66 105 31 30 1,870 1,583 854 731 331 1031 2016 2017 2016 2017 500,000 2 1 3 3 500,0011,000,000 2 2 (c) (d) 331 1031 2016 2017 2016 2017 500,000 2 2 4 4 500,0011,000,000 2 2 I-29

13. 331 1031 2016 2017 2016 2017 16,000 12,460 2,840 11,200 16,000 12,460 14,040 2016201733120171031 16,000,00012,460,0002,840,000 201771711,200,000201711 14. 15. 201541 568 1,884 1,339 3,791 113 113 2016331201641 681 1,884 1,339 3,904 43 43 2017331201741 724 1,884 1,339 3,947 445 898 1,343 (1,884) (1,884) 20171031 1,169 898 1,339 3,406 I-30

201541 303 1,884 518 2,705 80 402 482 2016331201641 383 1,884 920 3,187 102 351 453 2017331201741 485 1,884 1,271 3,640 67 25 68 160 (1,884) (1,884) 20171031 552 25 1,339 1,916 2016331 298 419 717 2017331 239 68 307 20171031 617 873 1,490 16. 17. 331 1031 2016 2017 2017 545 770 750 I-31

18. 201541 84 11 52 2016331201641 136 11 44 2017331201741 180 11 (229) 20171031 (49) 2016201733120171031335,000 733,000 19. 331 1031 2016 2017 2017 14,706 13,718 13,957 20. 331 1031 2016 2017 2017 7,836 7,558 9,127 (1,418) (1,418) (1,418) 6,418 6,140 7,709 17 11 134 1,106 1,538 5,120 7,541 7,689 12,963 I-32

030 331 1031 2016 2017 2017 1,418 1,418 1,418 1,418 1,418 1,418 20162017331201710311,418,0001,418,000 1,418,000 331 1031 2016 2017 2017 030 2,103 3,178 3,092 3160 3,566 1,587 2,795 6190 364 810 1,100 90 385 565 722 6,418 6,140 7,709 I-33

331 1031 2016 2017 2017 2,142 3,283 3,086 30 3,527 1,476 2,796 3060 365 815 1,107 6090 169 66 554 90 215 500 166 4,276 2,857 4,623 6,418 6,140 7,709 21. 201541 2016331 12,262 (247) 13,618 (80) (80) 201641 2017331 (247) 169 11,872 (80) (80) I-34

201741 20171031 169 3,000 (80) 22. 201541 2016331 Solaire International Limited Solaire 972 1,022 1,022 201641 2017331 Solaire 1,022 1,272 201741 20171031 Solaire Solaire I-35

23. 331 1031 2016 2017 2017 16,922 9,776 8,894 (3,030) 16,922 9,776 5,864 29(a) 24. 331 1031 2016 2017 2017 9,288 2,987 5,188 925 854 1,222 402 74 10 1,200 10,615 3,915 7,620 090 331 1031 2016 2017 2017 030 3,221 1,678 632 3160 2,846 396 3,399 6190 941 454 53 90 2,280 459 1,104 9,288 2,987 5,188 I-36

25. (a) 20171031201775 20171031 (i) 0.01 38,000,000 380 20171031 0.01 38,000,000 380 (i) 0.01 1 (ii) 0.01 881 Infinite CrystalAkatsuki (iii) 0.01 118 20171031 0.01 1,000 (i) (ii) (iii) 201775380,00038,000,000 0.01 2017724881 Sonne UK 2(c)(f) 20178114,132,000Infinite CrystalAkatsuki 6454Infinite Crystal Akatsuki88.2%6.4%5.4%2(g)(h) (b) 2016331 2017331 Sonne UK2017331 26. I-37

2 3(f) 20177520171031 (4,531) (4,531) 25(a)(ii) 17,809 17,809 Infinite CrystalAkatsuki25(a)(iii) 14,132 14,132 31,941 (4,531) 27,410 A&A Brilliance17,809,0009 25(a)(ii)17,809,000 27. 331 1031 2016 2017 2017 1,409 498 1,050 155 1,624 1,564 498 2,674 I-38

28. (a) 2016201733120171031 16,000,00012,460,0002,840,00013 20173311,272,000 (b) 201541 80 247 2016331201641 327 (247) 2017331201741 80 (80) 20171031 20161031 201641 327 (247) 20161031 80 29. 2122 (a) 30 20179 3,030,000110% (b) Solaire30Solaire Solaire201710 I-39

(c) 331 1031 2016 2017 2016 2017 2,517 3,253 1,855 1,361 68 149 51 51 2,585 3,402 1,906 1,412 30. Solaire29(b) 20162017331Solaire7,509,000 6,712,00020162017331Solaire 201710Solaire 29(a)20179 31. 20171031 17,809 2 32. I-40

33. 331 1031 2016 2017 2017 545 770 750 6,858 6,609 8,814 169 1,022 16,922 9,776 8,894 25,347 17,324 18,458 10,213 3,841 7,610 327 80 10,540 3,921 7,610 (a) (b) 17 I-41

1 2 3 2016331 545 545 2017331 770 770 20171031 750 750 2016201733120171031 34. (a) I-42

331 1031 2016 2017 2016 2017 5% 39 25 25 95 (d) 2016331 10,213 10,213 10,213 327 327 327 10,540 10,540 10,540 I-44

2017331 3,841 3,841 3,841 80 80 80 3,921 3,921 3,921 20171031 7,610 7,610 7,610 30 201620173 31201710 35. 20171031 (a) 2018317,962,000,000 0.01380,00080,000,000 (b) 201831 (i) 0.350.30 168,000,000 (ii) 6,319,990B&A SuccessInfinite CrystalAkatsuki631,999,000 (iii) D.1. 20171031 36. 20171031 I-45

(A) GEM 7.317 20171031 20171031 2017 1031 1 2 3 0.30 28,993 36,529 65,522 0.08 0.35 28,993 44,341 73,334 0.09 II-1

1. 2017103120171031 31,683,0002,690,000 2. 168,000,0000.30 0.300.350.35 0.300.35 20171031 3. 800,000,000 4. 2017 1031 II-2

(B) GEM2018319 II-1II-220171031 II-1II-2 2017 103120171031 20171031 GEMGEM 7.317 7 II-3

1 GEM7.31(7) 3420 GEM7.31 7 20171031 II-4

(a) (b) (c) GEM7.31(1) 2018319 II-5

20177522 19613 1. (a) 27(2) (b) 2. 201831 (a) (i) (ii) III-1

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

(30) (v) III-3

(vi) (vii) 20% (14) 20% III-4

(b) (i) (aa) (bb) (cc) (6) (dd) III-5

(ee) (ff) (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

(iv) (21)(20) (14) (10) (aa) (bb) (cc) (dd) (ee) (ff) (20%) (gg) III-12

(v) (vi) (f) III-13

(21) (g) (i) (ii) III-14

(a) (b) III-15

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

(k) 3. (a) (b) (a)(b) (c)37(d)(e) III-17

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

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

(j) 20116 (1) (2) 2017719 2010 (k) (l) (m) III-21

(n) (o) (60) (p) 25% (q) (a)(b)(c) III-22

21 III-23

(r) (75%) (s) (4) (90%)(4) (2) (1) (t) 4. Conyers Dill &Pearman III-24

A. 1. 201775 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands6 292901-2903290520178716 2. (a) 201775380,000 38,000,0000.01 (b) (c) 2017724A&A BrillianceSonne UK 220 (d) 2017724A&A Brilliance (i) 1,499,999 220 (ii) IV-1

(e) 2017724A&A Brilliance 220 (f) 2017724A&A Brilliance 220 (g) 201831 7,962,000,000380,00080,000,000 (h) 168,000,000 (i) 8,000,000800,000,000 7,200,000,000 (j) 3. 201831 3. 201831 201831 (a) 7,962,000,000380,00038,000,000 0.0180,000,0008,000,000,000 0.01 (b) IV-2

(c) (i) (ii) 6,319,990631,999,000 B&A Success 557,423,118 Infinite Crystal 40,447,936 Akatsuki 34,127,946 631,999,000 (iii) D. 1. (iv) (1) 20% (2)(v) IV-3

(1) (2) (3) (v) 10% (1) (2) (3) IV-4

(vi) 10% 4. 5. 6. (a) GEM GEM (i) GEM IV-5

201831 10% (ii) GEM GEM (iii) GEM 10% 10% GEM 30 IV-6

GEM GEM5% GEM (iv) GEM (v) (1) GEM GEM(2) GEM GEM GEM GEM GEM (vi) GEM 30 GEM IV-7

(vii) GEM GEM GEM (b) (c) GEM (d) GEM IV-8

GEM GEM 26 B. 1. (a) A&A Brilliance2017724 A&A Brilliance1,499,999 2017724 220 (b) A&A Brilliance2017724 A&A Brilliance 2017724 (c) A&A Brilliance2017724 A&A Brilliance 2017724 220 IV-9

(d) A&A Brilliance2017724 A&A Brilliance 2017724 220 (e) 2017724A&A BrillianceSonne UK220 (f) Infinite Crystal (g) Akatsuki (h) (i) (j) 2. (a) 10, 44 30320839 20141117 20241116 25 303274056 2015120 2025119 9, 10, 42 303491730 2015731 2025730 22, 23, 24, 25 303875581 2016818 2026817 22, 23, 24, 25 Sonne UK 16480972 201773 202772 IV-10

(b) HK1204853 2015124 2019814 HK1204845 2015124 2020814 201720793292.8 2018123 202772 US 9,881,472 B2 2018130 2036815 16182367.9-1806 201682 IV-11

(c) 1502027.6 Cl. 10-05 2015911 2019911 (d) www.solar-med.com 2003624 2026624 www.grandbrilliancegroup.com 201832 202132 IV-12

C. 1. (a) XV XV78 352 GEM5.46 5.67 557,424,000 69.68% 1 B&A Success 557,424,000 69.68% 557,424,000 69.98% 2 40,448,000 5.06% 3 Infinite Crystal 40,448,000 5.06% 1. B&A Success B&A Success 2. 3. Infinite Crystal61.11% Infinite Crystal IV-13

(b) 201831 GEM 2,400,000 18,000 2,418,000 816,000 18,000 834,000 201831 GEM IV-14

2. XV23 10% B&A Success 557,424,000 69.68% Infinite Crystal 40,448,000 5.06% 40,448,000 5.06% 1 Sunstrike Investments 40,448,000 5.06% Limited 2 Sunfund Asia Capital 40,448,000 5.06% Holdings Limited 2 40,448,000 5.06% 2 40,448,000 5.06% 2 40,448,000 5.06% 2 40,448,000 23 5.06% IV-16

1. 2. Infinite CrystalSunstrike Investments Limited38.89%Sunstrike Investments LimitedSunfund Asia Capital Holdings LimitedSunfund Asia Capital Holdings Limited 91.33% Sunstrike Investments LimitedSunfund Asia Capital Holdings Limited Infinite Crystal 3. 3. 4. 29 5. (a) XV78GEM 352 GEM5.465.67 (b) D.8. IV-17

10 GEM (a) IV-19

(b) (e) 1 28 (c) GEM (i) GEM GEM(ii) GEM GEM5.485.67 (d) 12 1% GEM IV-20

(e) (i) (ii) (iii) (f) (i) 10% 800,000,000 80,000,000 10% (ii) 10% (ii) GEM (iii) (iii) IV-21

GEM (iv) 30% (g) (h) (i) (j) IV-22

(j) (k) 14(k) (l) 21 (m) IV-23

(n) (i) (ii) (q)(r) (iii) (iv) (v) (v) (vi) (A) (vi) (B) (vi) IV-24

(q) 10 (r) (i)gem 23(ii) GEM (s) IV-26

12 (i)0.1% (ii)5 GEM23.04 (i) (ii) (iii) GEM (s)gem (t) (i)(ii) IV-27

(u) (v) (w) GEM23.07 2. B.1. (a) (b) (i) (a) IV-28

(ii) (a) (iii) (a) (iv) (c) (d) (e) (f) (g) (a) 201733120171031 (b) (c) IV-29

(d) (e) (a) 3. 4. GEM GEM GEM18.03 5. 17,000 6. GEM IV-30

7. 6 Conyers Dill & Pearman 8. D.7. 9. 44A44B 10. (a) (i) (ii) IV-31

11. GEM6A.07 4.5 12. 4 IV-33

(a) (b) D. 8. (c) B. 1. 14 15 39 (a) (b) (c) (d) 201733120171031 (e) Conyers Dill & Pearman (f) (g) B. 1. V-1

(h) C. 1. (b) (i) (j) (k) D. 8. (l) V-2

Grand Brilliance Group Holdings Limited 君百延集團控股有限公司