6119
Tian Yuan Group Holdings Limited 150,000,000 15,000,000 135,000,000 0.84 1.0 1%0.0027% 0.005% 10% 0.76 0.01 6119 32 342C RaffAello Securities 1.0 0.84 1.0 1%0.0027% 0.005%1.0 RaffAello Securities RaffAello Securities RaffAello Securities
(1) www.hkeipo.hk (2)... (3)... (4)...... (3)... (5)... www.hkexnews.hk www.tianyuangroupholdings.com... (6) www.tianyuangroupholdings.com www.hkexnews.hk...
(1)... www.tricor.com.hk/ipo/result... (7)... (8) (9)...... (1) (2) www.hkeipo.hk (3) (4)
(1) (5) RaffAello Securities (6) (7) (i) (ii) (8) 1,000,000 18322 1,000,000 (xiv) (9)
...... i iv... 1... 14... 25... 27... 29... 45... 47... 51... 54... 56... 76... 91
... 110... 175... 181... 182... 193... 194... 197... 240... 244... 255... 262... I-1......... II-1 III-1 IV-1... V-1... VI-1
3,969 4,202 4,391 0.2%0.1% 9.6 Ipsos 24.3 (i)(ii) (iii) 2,449 2,592 2,651 372 188 43130,0005,000 30,000 1,520 1,610 1,740 10,000 A
A 8.26.67.8A A A 71.2 2.5 3.5%73.77.910.7% 81.613.1 5.642.5%18.7 18.7 7.741.4%26.4 18.4% 25.3% 32.4% 3,174 Ipsos 100.8% 106.7% 109.1% 204.3% 216.4% 233.9%
100 10,000 5,0002,000 244.5 1.71.0 68.8 13.5 (i) 65.354.6(ii) (iii) (i)1,000 (ii)1,001-5,000(iii)5,001-10,000(iv)10,001-20,000(v)20,001-30,000
1,000... 205 33.5% 289 36.3% 305 37.5% 1,001-5,000.... 195 31.8% 298 37.5% 209 25.7% 5,001-10,000.... 50 8.1% 52 6.5% 112 13.8% 10,001-20,000... 123 20.1% 134 16.9% 160 19.7% 20,001-30,000... 40 6.5% 22 2.8% 27 3.3%... 613 100% 795 100% 813 100% 10,000-30,000 5,000 121148166 19314 19.9% 13.4% 11.9% 38.032.4 29.9 53.3% 43.9% 36.6% 15.3% 13.7% 16.8% 7.0 6.88.2 54.0% 58.3% 51.5% (i) (ii) 98.2% 97.7% 95.4% (i) (ii) (iii)(iv) (v) (i) (ii)
(2)... 16.0 19.0 20.4 22.6 (4)... 10.4 10.7 (3)... 11.3 28.3 20.8 32.3 (5)... 15.1 23.3 (3)... 20.8 26.2 23.9 25.5... 19.8 24.8 23.6... 20.8 21.7 (3) (1)... 4.7 188.7 21.2 100.3 (1) (2) (3) (4) (5) 11.318.9 (i)(ii) Ipsos 14 62.9% 11.2% 3.0% 0.2%0.1% (i)(ii) (iii) (iv)
(i)(ii) (iii) 10.6 91.7 33 200,00016 100,000 200,000 12 100,000 5 A 9,300,000 6% 30%
(1) (1) (1) % % %... 71,188 100.0% 73,697 100.0% 81,599 100%... (29,497) 41.4% (28,950) 39.3% (30,669) 37.6%... 41,691 58.6% 44,747 60.7% 50,930 62.4%... 554 0.8% 1,748 2.4% 4,055 5.0%... 56 0.1% 1,311 1.8% 71 0.1%... (20,579) 28.9% (18,492) 25.1% (16,295) 20.0%... 21,722 30.5% 29,314 39.8% 38,761 47.5%... (8,616) 12.1% (10,640) 14.4% (12,353) 15.1%... 13,106 18.4% 18,674 25.3% 26,408 32.4%...... 13,106 18.4% 18,674 25.3% 26,408 32.4%... 7,481 10.5% 12,392 16.8% 19,244 23.6%... 5,625 7.9% 6,282 8.5% 7,164 8.8% 13,106 18.4% 18,674 25.3% 26,408 32.4% 1. 12.2 9.36.9 8.05(1) 20 1.74.0 9.0% 15.3%
(4) (5) (4) (7) (4)... 33,801 1,859 18.2 26,434 1,465 18.0 22,413 1,256 17.8... 7,315 700 10.5 3,233 312 10.4 6,361 613 10.4 (1)... 7,060 475 14.9 14,356 932 15.4 14,838 932 15.9 (2)... 8,283 489 16.9 14,728 867 17.0 17,910 1,067 16.8... 5,168 205 25.2 4,695 204 23.0 9,214 373 24.7... 1,605 70 22.9 2,783 126 22.1 2,402 105 22.9 (3)... 973 45 21.6... 1,895 126 15.0 3,033 296 10.2 (6) 971 45 21.6 (8)... 66,100 3,969 16.7 69,262 4,202 16.5 74,109 4,391 16.9 (1) (2) (3) (4) (5) (6) (7) (8)... 66,067 69,252 74,088... 33 10 21... 907 787 1,036... 674 470 528 (1)... 2,209 1,468 2,213... 69,890 71,987 77,886 (1)
(1) (2) (1) (1) (2) (1) (1) (2) (1) (%) (%) (%)... 2,430 2,449 100.8 2,430 2,592 106.7 2,430 2,651 109.1 (3)... 744 1,520 204.3 744 1,610 216.4 744 1,740 233.9... 3,174 3,969 125.0 3,174 4,202 132.4 3,174 4,391 138.3 (1) 365 Ipsos Ipsos (2) (3) (i) (ii)(iii)... 9,671 10,149 10,919... 6,905 6,390 6,638... 5,340 4,630 4,481... 1,623 1,415 1,609... 1,164 1,491 1,735... 1,392 1,326 1,492... 736 842 937... 956 956 956... 242 242 283... 4 34 7... 228 224 236... 504 520 697... 732 731 679... 29,497 28,950 30,669
... 189,320 183,650 187,670... 69,681 89,659 114,626... 259,001 273,309 302,296... 308 308 308... 26,731 22,365 24,944... 231,962 250,636 277,044... 181,952 194,344 213,588... 50,010 56,292 63,456... 259,001 273,309 302,296... 24,481 41,004 32,030... (518) (3,958) (80,744)... 9,980 (5,965) (1,898)... 33,943 31,081 (50,612)... 4,979 38,922 70,003... 38,922 70,003 19,391 0.54.080.7... 5% 7% 9%... 4% 6% 9%... 261% 401% 460% 43.067.3
89.7 114.6 24.9 33.3% (i) (ii) (iii)
Ipsos 6.0% (i) (ii) (iii) (i) (ii) 0.92 54.6 36.88.328.5 11.56.3 14.6
11.5 (1) 504600 25.0% 0.84 1.0 10%0.76 3,000 90% 10% (i) 0.560.47 0.84 (ii) 0.600.50 1.0 (iii) 0.550.46 0.76 10% 0.92 72.6 90%65.3 10% 7.3 0.93 1.0 90% 10% (1) 600,000,000 10%456
13 19 37
622 32 A 10%
GDP www.hkeipo.hk www.hkeipo.hk
Yang Jinhua90% 10% Yang Jinhua 90% 10% Ipsos Ipsos LimitedIpsos Ipsos Ipsos RaffAello Securities
GEM
95% 5% 1.0%0.0027% 0.005%
135,000,000 1%0.0027% 0.005% 150,000,000
RaffAello Capital RaffAello Capital Limited 6 RaffAello Securities RaffAello Securities (HK) Limited 14 S S 571
0.01 15 60% 40% 90% 10%
27 (a) (b) %
15 10,000
20 8 6 8
100 68.8 13.5 (i) 65.354.6(ii) (iii) (i) (ii)
(iii) Ipsos A AA
(i)(ii) (iii)(iv)(v) (vi) (i)(ii)
2.8% 30 120 14.19.6 7.1
15 9,908.03 17 5,469.1 0.6% 0.9% 1.2% 1.9 10% 0.2 2%15 1713
2,589.3 2,589.3 78,000
10% 25%5%
37 37
3737 7 698 6987 7 7 (i) (ii) 7
7 RaffAello Securities 10%0.76 0.76 49.5
8.12 8.12 8.12 8.12 (a) 3.05 (b) (i) (ii) (iii)
(c) (d) 3A.19 (e) (f) 8.12
571V
Estera Trust (Cayman) Limited 0.2% 5.0 44B(1)
RaffAello Securities 1.00 0.83591
... 168 9 502... 9 34 10... 159 602... 112 Tanjong Rhu Road Unit 14-02, Singapore, 436929... 1 6 43 A... 55 35 312... G1 1501
RaffAello Capital Limited 89 2 20 2002 RaffAello Securities (HK) Limited 1 4 89 2 20 2002 2002B 1 6 8 7 1 46 9 152-155 2 02 1 4 189 7 29 16 1603
77 334 Appleby 1 2206-19 88 11 39 5 26 B/C 22 Ipsos Limited 77 22 1 16 388 15
PO Box 1350 Clifton House 75 Fort Street Grand Cayman KY1-1108 Cayman Islands 168 1 B 29 C www.tianyuangroupholdings.com CPA FCCA FRM 8 7 67 C 168 9 502 8 7 67 C
Estera Trust (Cayman) Limited PO Box 1350 Clifton House 75 Fort Street Grand Cayman KY1-1108 Cayman Islands 183 22 RaffAello Capital Limited 89 2 20 2002 107
Ipsos Ipsos IpsosIpsos Ipsos 1,366,800 Ipsos88 16,600Ipsos IpsosIpsos(a) Ipsos (b)(c) Ipsos Ipsos Ipsos Ipsos Ipsos Ipsos GDP GDP
Ipsos Ipsos 94,700 156,6247.5% WTO Ipsos 89140 6.7% GDP 410,708 812,038 1,136,205GDP GDP 6.0%GDP 46,013 89,879
10.0% 57.2%0.6% 13.5%6.5% 17.2%10.2% 10.0%0.2%GDP GDP 9,570 20,39611.4% 57.1% 0.5%12.8%5.8% 11.9%4.9% 11.2%1.0% GDP GDP GDP... 366.8 467.2 443.6 563.2 479.1 636.2 549.4 731.8 496.7 745.5 443.0 751.4 443.0 741.7... 13.0 6.5 23.7 8.6 31.7 9.2 29.3 9.4 31.9 13.0 46.5 15.2 52.9 13.3... 379.8 473.7 467.3 571.8 510.8 645.4 578.7 741.2 528.6 758.5 489.5 766.6 495.9 755.0 70% 3,122.44,244.3 4,116.1 3,782.2
3.2% 32.925.9-4.7% (UN Comtrade) 55,8001,258,000 550,300125,300 4.2 97.5% 252.7 28.6%
1 2 3.3% 125.0 171.9 5.5%
3,789.5 6,657.2 8.4% 7,337.5 8,613.2 5.5% 10,000
10,000 1,661 2,3175.7%10,000 24529646 79 Ipsos 346 535 7.5%569 647 3.3% 11.2% 3.0% 8.7% 3.3% 8.3% 9.6% 15.9% 12.5%
12.8% 21.4% 13.8% 23,067.0 24,914.6 1.3% 24,914.6 2.7% 5.8%
2008-2020 2011-2020 207 325
6%... 8.64~23.76... 10.71~23.56... 5.04~16.96 0.080.25 870
14 (i)(ii) (iii) 1,000 5,000 30 87 1 42 10,570,000
49 142 1 59 300,000-10600 84% 57% 33 200,000 16 100,000 200,000 12 100,000 91,700,000 2 70 130 1 74
35,000 70,000 100,000 3 70 130 74 100,000 35,000 2 70 130 74 47 10,000 20,000 80 160 83 5,000,000 1. 2. 3.
Ipsos
........................... 1... 2... 1... 2... 10,000 15,000 35,000 35,000 50,000 52,000 58,000 65,000 18,000 320,000 320,000 500,000 150,000 10,000 20,000 40,000 40,000 55,000 55,000 80,000 80,000 120,000 10,000 30,000 10 S280G325 S280 G325
Ipsos
590.1 24.3 1.5% 1... 590.1 106.9 2... 281.5 69.5 3... 241.4 57.6 4... 157.1 33.8 5... 82.7 27.5 6... 80.4 13.1 7... 59.7 10.6 8... 48.9 1.3 9... 27.0 10... 24.3... 1,593.1 320.3 (1) (2) 62.9% 0.2% 0.4% 0.1%
1... 405.0 19.1% 2... 167.1 7.9% 3... 143.1 6.7% 4... 139.6 6.6% 5... 113.0 5.3% 1,152.4 54.4% 2,120.2 100% Ipsos 207 325
30,000 10,000 21,000 25
(i) (ii) (iii) (iv) (v) (vi)
(i)(ii) (iii) 500500
0.5 0.25
(i) (ii) 25% 25% 10% 10% 25%
5% 25% 10% 601 9 6019 (i) (ii) (iii) 12
8 17% 11% 6% 3%
7% 5% 1%
37 13
100% (i) (ii) 11
11 30,000 230 10,000 144.5 2009 2009 2010
2010 2011 2012 2012 380,000 38,000,0000.01 93 9,300,000 6% 145,700,000 94% 94
94 94% 6% 10,000,00060% 40% 63,360,000 10,000,00030,000 61,060,000 27,700,0008,000,000 25,360,000 38,000,000 30,000,000 8,000,000 40% 60%27,700,000 6,000,000 4,000,000 2,000,0001,200,000 800,000
95% 5% 60%... 6,000,000 60%... 4,000,000 40%... 10,000,000 100% 40% 4,000,000 4,800,000 6,000,000
3,200,00010,000,000 6,000,000 4,000,000 4,800,000 3,200,000 40% 40% 60% 40% 60%43,800,000
... 6,000,000 60%... 4,000,000 40%... 10,000,000 100% 1,000,000 Dai Zuolin Chen SiqinShao Zhixin 28% 26% 26% 20% Dai Zuolin Shao ZhixinChen Siqin Dai Zuolin Chen Siqin Shao Zhixin
Dai Zuolin... 280,000 28% Chen Siqin... 260,000 26%... 260,000 26% Shao Zhixin... 200,000 20% 1,000,000 100% Dai ZuolinChen Siqin Shao Zhixin Dai Zuolin Chen SiqinShao Zhixin 66% Chen Siqin Shao Zhixin Chen Siqin Shao Zhixin24% 24% 18% Chen Siqin Dai Zuolin Shao Zhixin 34% 90%Yang Jinli10%Yang Jinli Yang Jinli Dai Zuolin Chen Siqin Shao Zhixin 66% 28% 2% 2% 2%
26% Dai ZuolinDai Zuolin26% Dai Zuolin Chen Siqin Shao Zhixin92% 2% 2% 2% 2% 8% Shao Zhixin Dai Zuolin Chen Siqin 2% 92%8% 1,000,000 5,000,000 80,000 4,080,000 4,000,000 18.40% 81.60%
81.60% 18.40% 81.60% 18.40% 81.60% 18.40% 95% 5% 5,700,000 50,00050,0001.00
120,000,000 49,500,000 6% 2,970,0006%7,200,000 94% 6%... 112,800,000 46,530,000 94%... 7,200,000 2,970,000 6%... 120,000,000 49,500,000 100% (i) 120,000,000 155,000,000 (ii)120,000,000 200,000,000
6,330,000 99,170,000 155,000,000 98.5 94% 6% 145,700,000 9,300,000 2,970,0006%7,200,000
120,000,000155,000,000 6,330,000 9,300,000 6% 4.5% 6% 9,300,000 9,300,00011,300,000 0.419 54.5% 27,000,000 4.5% 6%
0.92 (i) (ii) (iii) 8.08 28 HKEx-GL29-12 HKEx-GL43-12 HKEx-GL44-12 1,000,000 Yang Jinhua10% Yang Jinhua Yang Jinhua 10%Yang Jinhua Yang Jinhua Yang Jinhua90% 10%
90% 90% 94% 6%
1. 95% 2. Yang Jinhua 3.
1. 2.
1. 2.
6% 37 13 37 13 (i) (ii)(iii)
3,969 4,202 4,391 0.2%0.1% 9.6 Ipsos 24.3 (i)(ii) (iii) 2,449 2,592 2,651 372 188 43130,000 5,000 30,000 1,520 1,610 1,740 10,000
A A 8.26.67.8A A A 71.2 2.5 3.5%73.77.910.7% 81.613.1 5.642.5%18.7 18.7 7.741.4%26.4 18.4% 25.3% 32.4% Ipsos (i) (ii) (iii) 9.6 0.2%0.1% 372 188 431
(i) (ii) 207 325 A Ipsos GDP 410,708 812,03810.2% 94,700 156,6247.5% 891406.7% Ipsos GDP46,013 89,87910.0% 3,668 4,430 3.2% 4,672 7,417 8.0% 12 20Ipsos GDP9,570
20,39611.4% 130 529 26.4% 65 133 12.7% 23 3,969 4,2024,391 372 188 431 121148166 19314
11 21 Ipsos7,337.5 8,613.2 5.5% 100.8% 106.7% 109.1% 204.3% 216.4% 233.9% 100 10,000
5,0002,000 244.5 1.71.0...........................
68.8 13.5... 37,136 9,643... 8,075 425... 45,211 10,068
(i) 65.354.6(ii) (iii) 55.3 9.03
Ipsos 24.3 (i)(ii) (iii) 207 325 Ipsos Ipsos GDP46,013 89,87910.0% 3,668 4,430
3.2% 4,672 7,417 8.0% 1220 (i) (ii)(iii) Ipsos GDP9,570 20,39611.4%GDP 130 529 26.4% 65 133 12.7% 23 3,174 Ipsos 100.8% 106.7% 109.1% 204.3% 216.4% 233.9%
30,000 10,000 1142,202 50,424
2 230 11.55 108,812 (1) 30,000 110 7.50 5,000 21,000 8 1 145 8.50 132,724 10,000 50,424 (1) 108,8122,589.3
(i) (ii)
Ipsos... 69,890 71,987 77,886... 1,298 1,710 3,713... 71,188 73,697 81,599
(1) (1) (2) (1)... 57,109 3,597 15.9 64,752 4,014 16.1 63,527 3,960 16.0... 8,991 372 24.2 4,510 188 24.0 10,582 431 24.6... 66,100 3,969 16.7 69,262 4,202 16.5 74,109 4,391 16.9 (1) (2) (4) (5) (4) (7) (4)... 33,801 1,859 18.2 26,434 1,465 18.0 22,413 1,256 17.8... 7,315 700 10.5 3,233 312 10.4 6,361 613 10.4 (1)... 7,060 475 14.9 14,356 932 15.4 14,838 932 15.9 (2)... 8,283 489 16.9 14,728 867 17.0 17,910 1,067 16.8... 5,168 205 25.2 4,695 204 23.0 9,214 373 24.7... 1,605 70 22.9 2,783 126 22.1 2,402 105 22.9 (3)... 973 45 21.6... 1,895 126 15.0 3,033 296 10.2 (6) 971 45 21.6 (8)... 66,100 3,969 16.7 69,262 4,202 16.5 74,109 4,391 16.9 (1) (2) (3) (4)
(5) (6) (7) (8) (1) (2) (1) (1) (2) (1) (1) (2) (1) (%) (%) (%)... 2,430 2,449 100.8 2,430 2,592 106.7 2,430 2,651 109.1 (3)... 744 1,520 204.3 744 1,610 216.4 744 1,740 233.9... 3,174 3,969 125.0 3,174 4,202 132.4 3,174 4,391 138.3 (1) 365 Ipsos Ipsos (2) (3) (i) (ii) (iii)
21,000 50,424 1.2 1.73.711......... 21......
(i)1,000 (ii)1,001-5,000(iii)5,001-10,000(iv)10,001-20,000(v)20,001-30,000 1,000... 205 33.5% 289 36.3% 305 37.5% 1,001-5,000.... 195 31.8% 298 37.5% 209 25.7% 5,001-10,000.... 50 8.1% 52 6.5% 112 13.8% 10,001-20,000... 123 20.1% 134 16.9% 160 19.7% 20,001-30,000... 40 6.5% 22 2.8% 27 3.3%... 613 100% 795 100% 813 100% 5,000 10,000-30,000
10,000 10,000 5,0002,000 19 (i)(ii) (iii) (iv) 121148166 19314 174238
D 30,000
19.9% 13.4% 11.9% 38.032.429.9 53.3% 43.9% 36.6% 11.9% 9.5% 5.4% 5.2% 4.5% (1) (2) A... 11.5% 10 8.9% 9.5% B... 19.9% 10 C... 14.5% 30 9.5% D... 4.1% 5 E... 3.4% 10 F (3)... 13.4% 10 11.9% G (4)... 6.8% 10 5.4%
(1) (2) H (5)... 5.3% 10 5.2% I (6)... 4.5% 15 (1) (2) 5 30 30 120 (3) F B F BF B (4) G GG G G (5) H201552 50 H (6) I
5% 27 27 2
(i)(ii) (iii) (iv) (v) (vi) (vii) 0.7 1.0% (3) (1)... 573 0.8% 21 (2)... 171 0.2%... 744 1.0%
(1) (2) (3) 16,000 21 475 (i) (ii)(iii) (iv)
5 30 30 120 90%3060 90 (i)(ii) (iii)
300,00025,00037,000 (i) (ii) 98.2% 97.7% 95.4% (i) (ii) (iii)(iv) (v) (i) (ii) 0.5 0.25 0.080.25
23,433.19... 66,067 69,252 74,088... 33 10 21... 907 787 1,036... 674 470 528 (1)... 2,209 1,468 2,213... 69,890 71,987 77,886 (1)
(2)... 16.0 19.0 20.4 22.6 (4)... 10.4 10.7 (3)... 11.3 28.3 20.8 32.3 (5)... 15.1 23.3 (3)... 20.8 26.2 23.9 25.5... 19.8 24.8 23.6... 20.8 21.7 (3) (1)... 4.7 188.7 21.2 100.3 (1) (2) (3) (4) (5) 11.318.9 (i)(ii)
...... 18...... 15 15...
(i) (ii) 15.3% 13.7% 16.8% 7.06.88.2 54.0% 58.3% 51.5% 1.0 5%
... 2009... 2009... 2010... 2010...... 2011... 2012... 2012
Ipsos Ipsos 870 (i) (ii)(iii) (iv) 14
56,876 3.2% 62.9% 11.2% 3.0% 0.2%0.1% (i)(ii)(iii) (iv) 93.0 170.0 24.9
(i) 70% (ii) (iii) 19314 (iv)
1.28 1,500 25 20 (i) (ii)
(a) (b) (c)
(d) (e)
(1) (2)(3)
(i)(ii) 0.110.270.26 0.50 (i) (ii)
169,00013,000 205 13.6 15.316.2... 16 7.8%... 9 4.4%... 19 9.3%... 121 59.0%... 22 10.7%... 18 8.8%... 205 100%
1.6 1.71.9
241,535.332 15,377.1 238,946.0 2,589.3
3228 108,811.5 5,469.1 2,589.3 2,398.1 132,723.8 9,908.0 9,908.0 (1) (1)
1.... (2007)2100014 15,295.00 2.... (2006)2100139 24,493.34 3.... (2006)2100140 61,035.46 4.... (2007)2100015 5,398.34 5.... (2009)154 29,259.00 6.... (2009)141 40,864.90 7.... (2014)011 13,093.21 8.... (2009)149 28,853.70 9.... (2011)052 20,653.00 3,000 3,000 10
9.6 (1) 9,908.0315 5,469.117 (i) (ii) 0.6% 0.9% 1.2%
1.9 10% 0.2 2% (i) (ii) (iii) (a) (b) (c) (d) (e) (f)15 1713 (i) (ii)
15 17 15 17132,589.3 (2) (i) (ii) (2) 2,589.3
(i) (ii) 2,398.1 77,680.2 (i) (ii) (iii) (a) (b)
(3) 3,000 5
(4) 47,248.85 70 20 20
(i) (ii) (i) (ii) (iii) (iv)16 (v) 1,000 (vi)
034409M03 034409M04
K01429 K01428 71 K0001(14)
GD-20100014 440906-20160032 440900-20170039 440900-20170040 71 K0002(14) KB4008
(1) (i)(ii) (iii) (iv) (i)
(ii) 0.05% 0.02 6,000 (i) (ii)
0.02 (2) (i)(ii) (iii) (iv) 2,060
2,060
1.
2. 3. (i) (ii) (iii)3.08 3.09
8.04
30%
27 1.74.0 (1) (2) 68.9 98,510,000
27 8.10 8.10
5% 30 (a) (b)
(c) 1. 2. (i) 30% (ii) (1) (2) (3)
(4) (5) (6) (7) RaffAello Capital Limited
27 1B 29 C 1,157 40,000 480,000 5%3 14A.76 A
44 42 37 31 44
48 65 44 11 21.09% 40.81%
42 37 31
1626 44 16 48
65 13.51(2) (i) (ii) (iii) 1. XV (iv)13.51(2)(v) 56 42 30
56 23 42
30 41
17 8235 223 AZR 757,000 907,000928,000 525,000998,0001,000,000
... 816,000... 618,000... 144,000... 144,000... 144,000... 120,000... 144,000 333 222... 276 686 707... 11 25 24... 2 4... 289 715 731 (i) (ii)
3.21 3.25 A.2.1 A.2.1
3A.19 RaffAello Capital Limited 3A.23 (a) (b) (c) (d) 13.10 13.46
XV23 10%... 94 94.0% 423,000,000 70.5%... 1 94 94.0% 423,000,000 70.5% Zhang Dan... 2 94 94.0% 423,000,000 70.5% 1. 423,000,000 2. Zhang Dan Zhang Dan 40% XV23 10%
4,000,000,000 40,000,000 100 1 449,999,900 4,499,999 150,000,000 1,500,000 600,000,000 6,000,000 4,499,999 449,999,900
1. 20% 2. 1. 2. 3. 10%
1. 2. 3.
3,969 4,202 4,391 0.2%0.1% 71.2 2.5 3.5%73.77.910.7% 81.613.1 5.642.5%18.718.7 7.741.4%26.4 18.4% 25.3% 32.4%
II 1.3
2 (i)(ii) (iii) 1518 11 15 15 15
(1)... 3 40 0 3% 2.43% 33.33%... 2 40 0 3% 2.43% 50.00%... 3 20 3% 4.85% 32.33%... 14 30 3% 3.23% 6.93%... 3 10 0 3% 9.70% 33.33%... 4 20 3% 4.85% 24.25%... 10 0% 10.00% (1) (1)... 87% 30-40... 85% 30-40... 89% 20... 95% 30... 97% 10... 60% 10... 100% 10 (1) (i)3013% (ii)30
15% (iii)2011% (iv)305% (v) 103% (vi)1040% 503 503
16 16 17 2.24 16 12
16 Ipsos 82 92 3.0% 2123 3.3%
3,969 4,202 4,3915.9% 4.5% 6% 9% 150% 6%... 4,271 2,834 6%... (4,271) (2,834) 9%... 6,407 4,251 9%... (6,407) (4,251) 6%... 4,422 2,983 6%... (4,422) (2,983) 9%... 6,633 4,475 9%... (6,633) (4,475) 6%... 4,896 3,324 6%... (4,896) (3,324) 9%... 7,344 4,987 9%... (7,344) (4,987)
3,174 125.0% 132.4% 138.3% 244.5 1.71.0 (i)(ii)(iii) 16.716.516.9 1.2% 2.4% 2%
3% 150% 2%... 1,424 1,057 2%... (1,424) (1,057) 3%... 2,136 1,585 3%... (2,136) (1,585) 2%... 1,474 1,093 2%... (1,474) (1,093) 3%... 2,211 1,639 3%... (2,211) (1,639) 2%... 1,632 1,210 2%... (1,632) (1,210) 3%... 2,448 1,815 3%... (2,448) (1,815)
32.8% 35.1% 35.6% 23.4% 22.1% 21.6% 13.615.316.2 13.1% 5.4% 8% 13% 8%... (813) 8%... 813 13%... (1,321) 13%... 1,321 8%... (919) 8%... 919 13%... (1,494) 13%... 1,494
8%... (969) 8%... 969 13%... (1,575) 13%... 1,575 Ipsos 8.218.188.92 0.4% 9.0% 9% 14% 150% 9%... (110) 9%... 110 14%... (170) 14%... 170 9%... (96) 9%... 96 14%... (149) 14%... 149
9%... (109) 9%... 109 14%... (169) 14%... 169
(1) (1) (1) % % %... 71,188 100.0% 73,697 100.0% 81,599 100%... (29,497) 41.4% (28,950) 39.3% (30,669) 37.6%... 41,691 58.6% 44,747 60.7% 50,930 62.4%... 554 0.8% 1,748 2.4% 4,055 5.0%... 56 0.1% 1,311 1.8% 71 0.1%... (20,579) 28.9% (18,492) 25.1% (16,295) 20.0%... 21,722 30.5% 29,314 39.8% 38,761 47.5%... (8,616) 12.1% (10,640) 14.4% (12,353) 15.1%... 13,106 18.4% 18,674 25.3% 26,408 32.4%...... 7,481 10.5% 12,392 16.8% 19,244 23.6%... 5,625 7.9% 6,282 8.5% 7,164 8.8% 13,106 18.4% 18,674 25.3% 26,408 32.4% 1. 12.2 9.36.9 8.05(1) 20
(i)(ii) 71.2 73.781.6 3,969 4,202 4,391... 66,067 69,252 74,088... 33 10 21... 907 787 1,036... 674 470 528... 2,209 1,468 2,213... 69,890 71,987 77,886... 1,298 1,710 3,713... 71,188 73,697 81,599
... 3,597 57,109 4,014 64,752 3,960 63,527... 372 8,991 188 4,510 431 10,582... 3,969 66,100 4,202 69,262 4,391 74,109 57.1 64.863.5 86.4% 93.5% 85.7% 9.04.510.6 13.6% 6.5% 14.3% (i)(ii) (iii) (iv) (v) 29.5 29.030.7 41.4% 39.3% 37.6%
... 9,671 10,149 10,919... 6,905 6,390 6,638... 5,340 4,630 4,481... 1,623 1,415 1,609... 1,164 1,491 1,735... 1,392 1,326 1,492... 736 842 937... 956 956 956... 242 242 283... 4 34 7... 228 224 236... 504 520 697... 732 731 679... 29,497 28,950 30,669 41.7 44.750.958.6% 60.7% 62.4% 1.7 4.0 27 0.4 0.1(i) (ii)
71,000 1.3 56,000 0.63.14.1... 1,679 4,042... 385 69... 169 13... 1,287... 56 24 71... 610 3,059 4,126 20.618.516.3
... 3,880 5,171 5,234... 1,144 1,173 1,232... 12,237 9,329 6,922... 114 39 45... 634 634 634... 1 34 54... 567 472 493... 450 528 576... 464 260 327... 164 193 170... 150 150 125... 774 509 483... 20,579 18,492 16,295 25%
39.7% 36.3% 31.9% 8.6 10.612.4 10 73.7 7.910.7% 81.6(i)5.9(ii) 2.0 4.8 1.1 29.01.75.9% 30.7 (i) 0.8(ii) 0.2(iii) 0.2(iv) 0.2 44.7 6.213.9% 50.94.5% 7.9
1.7 60.7% 62.4% 3.1 1.0 4.14.0 18.5 2.211.9% 16.3 2.4 29.3 9.5 32.4%38.8(i)(ii) (iii) 10.6 1.817.0% 12.4 32.4% 18.7 7.7 41.4%26.425.3% 32.4% (i)(ii) (iii) 71.2 2.53.5% 73.7(i)2.1(ii) 0.4
3.2 29.50.51.9% 29.0(i) 0.5 (ii) 0.7 (iii)0.2 (i) 0.5 (ii)0.3 41.7 3.07.2% 44.72.55.9% 0.5 58.6%60.7% 0.6 2.5 3.11.7 1.3 20.6 2.110.2% 18.5 2.9
21.7 7.6 35.0%29.3(i) (ii)(iii) 8.6 2.023.3% 10.6 35.0% 13.1 5.6 42.5%18.718.4% 25.3%
38.970.019.4... 24,481 41,004 32,030... (518) (3,958) (80,744)... 9,980 (5,965) (1,898)... 33,943 31,081 (50,612)... 4,979 38,922 70,003... 38,922 70,003 19,391 32.0 42.310.3 42.3 38.83.59.8 6.34.3 2.4 2.0 1.2 1.2 41.0 49.68.6 49.6 29.320.39.4
10.9 13.3 4.2 24.5 32.27.7 32.2 21.710.5 9.9 0.6 12.3 3.8 (i)13.5 (ii) 4.2 (i) (ii) (iii) 80.7(i) 66.4(ii) 11.8(iii) 2.5 4.0 4.3 0.4
0.5 4.8 4.2 1.9 6.0 10.0 155.049.5 95.5... 26,032 12,704 16,974 18,285... 68,948... 4,727 6,952 9,313 10,259... 38,922 70,003 19,391 88,409... 69,681 89,659 114,626 116,953... 11,580 1,372 3,208.. 11,157 15,122 15,824 12,696... 916 775 1,930 1,772... 3,078 5,096 7,190 4,152... 26,731 22,365 24,944 21,828... 42,950 67,294 89,682 95,125
43.0 67.3 56.7% 89.7 114.6 24.9 33.3% 95.1 117.0 21.8 6.0% (i) (ii) 68.9 (iii) 72.660.7 0.92 7.36.1 (iv) 30.0 68.9
26.012.717.0... 14,087 9,585 7,070... 9,546 2,030 9,050... 1,625 509 243... 774 580 611... 26,032 12,704 16,974 180 6.066.3% 12.7 4.333.6%17.0 7.0F 2.5 0.3
26.0 13.351.2%12.7 A AA A AA A A A A A 30 120 30... 12,409 8,381 6,227 31 60... 1,003 386 843 61 90... 160 662 91 180... 515 156... 14,087 9,585 7,070 1.1 1.10.6
(1)... 62 59 37 (1) 365 5937 62 59 5.577.5% 7.0 2.39.3 4.7 2.37.0
11.61.4... 8,108 1,372... 3,472... 11,580 1,372 1.4 1.4 11.6 10.21.4
11.215.115.8... 3,308 3,527 3,873... 5,463 5,005 4,498... 472 429 657... 1,914 6,161 6,796... 11,157 15,122 15,824 15.1 0.715.8 0.7 11.2 3.915.1 (i)(ii) 0.90.81.9 0.3 189.3183.7187.7 0.3
30.0 23.4 10% 12 (1)... 5% 7% 9% (2)... 4% 6% 9% (3)... 261% 401% 460%
(1) (2) (3) 5% 7% 9% 4% 6% 9% 261% 401% 460%
27... 57... 1,679 4,042... 900 13.58.07.7 19.0 6.4 9.1 1.9 27
(a) 721,000 4.14.5 319,00071,000 5% 36,000189,000224,000 (b) 0.3% 0.35% 0.01% 0.35% 0.01% 0.35%
(1)... 38,622 44,412 19,188... 271 25,579 189 38,893 69,991 19,377 (1) 77% 62% 24% 8% 17% 7%
... 7,377... 11,580 18,957... 11,166... 1,372 12,538... 11,294... 11,294... 94,400... 53,831...... (438)... 53,393... 41,007
159.7 4.29
1 2 3 0.76 10%... 203,776 69,856 273,632 0.46 0.55 0.84... 203,776 79,536 283,312 0.47 0.56 1.00... 203,776 98,895 302,671 0.50 0.60 (1) 213,588,0009,812,000 (2) 0.84 1.0 0.76 10% 28,488,000 (3) 600,000,000 (4) (5) 1.00 0.83591
0.92 54.6 36.88.328.5 11.56.3 14.6 11.5 Ipsos 6.0%
(i) (ii) (iii) (i) (ii) 13.13 13.19 13.13 13.19
1.0... 84.2 0.92... 72.6 0.84... 61.0 72.60.92 90%65.3 10% 7.3 0.76 11.5 0.93 1.0 90% 10%
109% 233% 3,17432% 4,174 9.03 453752
19.4 30.0 90%0.92
RaffAello Securities (HK) Limited RaffAello Securities 15,000,000135,000,000 RaffAello Securities
(a) (i) (ii) (iii) (iv) (v) (vi)
(vii) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) (xv) (xvi)
(xvii) (1) (2) (3) (4) (b) (i) (ii) (iii)
(iv) (v) (vi) (vii) (viii) (ix) (x) (xi)
(A) 10.08 10.08 (B) 10.07(1) (a) 155 (b) 155 24
155 10.07(2) 3 36 (a) 155 (b) 2.07C (A) (a)
(b) (c) (a) (b) (d) (a) (b) (c) (B) (a) (i)
(ii) (iii) (i) (ii) (iv) (i) (ii) (iii) (b) (c) (I) 155
(II) 6.0%
0.92 64.8 3A.07
15,000,000 S 135,000,000 S 3,000 RaffAello Securities 1.0 0.84
RaffAello Securities RaffAello Securities www.hkexnews.hk www.tianyuangroupholdings.com
RaffAello Securities 10% 0.76 (www.hkexnews.hk) (www.tianyuangroupholdings.com) (a) (b) (c)
(d) 30 RaffAello Securities www.hkexnews.hk www.tianyuangroupholdings.com 155 (a) (b) 15,000,000150,000,000 10% 2.5%
5,000,000 5,000,000 7,500,000 50% 18 (a) 1550(b) 50100 (c) 100 45,000,00060,000,000 75,000,000 30%(a) 40%(b)50%(c) HKEX-GL91-18 18
30,000,000 20% 0.84 1.01% 0.0027% 0.005% 1.0 135,000,000 90% 22.5%
RaffAello Securities
(i) www.hkeipo.hk (ii) 18 S
(iii) www.hkeipo.hk a. RaffAello Securities (HK) Limited 89 2 20 2002 2002B
8 7 152-155 2 02 189 7 b. 26II 399 6-12 4A1 P9-12 132 G30B117-23 G37-40 81
(iv) i. ii. iii. iv. v. vi.
vii. viii. ix. x. xi. xii. (i) (ii) SS 902(h)(3) xiii. xiv. xv. xvi. xvii.
xviii. xix.(i) (ii) (v) www.hkeipo.hk www.hkeipo.hk 24
40 40 342E (vi) +852 2979 7888 (https://ip.ccass.com) 8 1
(i) (ii)
40
3,0003,000 (1) (1) (1) (1) (1) (1)
24 40 40 342E (vii)
(i) (ii) (viii)
(ix) 3,000 3,000 www.hkeipo.hk (x) (xi) www.tianyuangroupholdings.com
www.hkexnews.hk www.tianyuangroupholdings.com www.hkexnews.hk 24 www.tricor.com.hk/ ipo/result +852 3691 8488 (xii) (i)
40 342E (ii) (iii) (iv)
7,500,000 (xiii) 1.0 (xiv)
(i) (ii) (i) 1,000,000 183 22
1,000,000 (ii) 1,000,000 1,000,000
(iii) 1,000,000 18322 1,000,000 (iv)
(xv)
I-1 I-2 200 RaffAello Capital Limited I-3 I-53 I-3 I-53 1.3 2.1 200
1.3 2.1 1.3 2.1 I-3
I (A)... 5 71,188 73,697 81,599... 8 (29,497) (28,950) (30,669)... 41,691 44,747 50,930... 6 554 1,748 4,055... 7 56 1,311 71... 8 (20,579) (18,492) (16,295)... 21,722 29,314 38,761... 10 (8,616) (10,640) (12,353)... 13,106 18,674 26,408...... 13,106 18,674 26,408... 7,481 12,392 19,244... 21 5,625 6,282 7,164 13,106 18,674 26,408... 11 74.8 123.9 192.4
(B)... 13 132,551 128,689 128,829... 12 48,888 47,298 45,708... 14 7,755 7,642 9,812... 17 105 3,300... 15 21 21 21 189,320 183,650 187,670... 16 26,032 12,704 16,974... 16 68,948... 17 4,727 6,952 9,313... 18 38,922 70,003 19,391 69,681 89,659 114,626... 259,001 273,309 302,296... 19... 19 155,000 155,000 155,000... 20 (26,160) (23,742) (22,237)... 53,112 63,086 80,825 181,952 194,344 213,588... 21 50,010 56,292 63,456... 231,962 250,636 277,044... 15 308 308 308 308 308 308... 23 11,580 1,372... 23 11,157 15,122 15,824... 22 916 775 1,930... 3,078 5,096 7,190 26,731 22,365 24,944... 27,039 22,673 25,252... 259,001 273,309 302,296
(C)... 28 187,108 187,108 187,108... 17 3,573 6,438 8,336... 17 2 3,573 6,438 8,338... 190,681 193,546 195,446... 19... 19 155,000 155,000 155,000... 20(e) 32,108 32,108 32,108... (10,337) (20,059) (27,370)... 176,771 167,049 159,738... 23 2,014 6,653 7,680... 23 11,896 19,844 28,028 13,910 26,497 35,708... 13,910 26,497 35,708... 190,681 193,546 195,446
(D) 20(a) 20(b) 20(c) 20(d))... 11,000 31,021 3,439 3,468 46,437 95,365 44,385 139,750... 7,481 7,481 5,625 13,106... 806 (806) 19(b)... 155,000 155,000 155,000 20... (75,894 ) (75,894 ) (75,894 ) 155,000 (75,894 ) 79,106 79,106... 155,000 (64,894 ) 31,021 3,439 4,274 53,112 181,952 50,010 231,962... 155,000 (64,894 ) 31,021 3,439 4,274 53,112 181,952 50,010 231,962... 12,392 12,392 6,282 18,674... 902 (902)... 1,516 (1,516)... 155,000 (64,894 ) 31,021 4,955 5,176 63,086 194,344 56,292 250,636... 155,000 (64,894 ) 31,021 4,955 5,176 63,086 194,344 56,292 250,636... 19,244 19,244 7,164 26,408... 960 (960)... 545 (545)... 155,000 (64,894) 31,021 5,500 6,136 80,825 213,588 63,456 277,044
(E)... 24 32,180 49,626 42,289... (7,699) (8,622) (10,259)... 24,481 41,004 32,030... 24 222 374... (131)... (4,772) (4,274) (11,831)... (58) (2,507)... 4,163 (66,406)... (518) (3,958) (80,744)... 19(b) 155,000... 20(a) (49,500)...... (95,520) 473... (6,438) (1,898)... 9,980 (5,965) (1,898)... 33,943 31,081 (50,612)... 4,979 38,922 70,003... 18 38,922 70,003 19,391
II 1 1.1 Clifton House, 75 Fort Street, PO Box 1350, Grand Cayman, KY1-1108, Cayman Islands 1.2 100% 60% 40% (a) 50,00050,000 1.00 (b) 380,000 38,000,0000.0194 6
9,300,000145,700,000 (c) (d) (e) (f) 155,000,00094% 6% 5,700,000 43,800,00060% 60% 100% 145,700,000 9,300,00094% 6% 60% 100%... 1 100% (i)... 60% (ii) 10,000,000... 100% (i) 5,000,000
... 1 100% (ii)... 100% (i) 155,000,000 (i) (ii) 1.3 (i) (ii) (iii)
2 2.1 4 40... 15... 15... 15 9... 2... 4... 4 9 1... 28...... 22
... 23 16... 17... 10 28... 9 939 9 9 39 9
9 9 15 15 18 1115 (1)(2) (3)(4) (5) 15 15 15 15 15 15 16 16 17
2.24 16 12 16 2.2 2.2.1 2.2.2
2.3 2.4 (a) (b) 2.5
... 3 40 0 3% 2.43% 33.33%... 2 40 0 3% 2.43% 50.00%... 3 20 3% 4.85% 32.33%... 14 30 3% 3.23% 6.93%... 3 10 0 3% 9.70% 33.33%... 4 20 3% 4.85% 24.25%... 10 0% 10.00% 2.6 40 70 2.7 503 503
2.8 2.9 (a) 12 2.12 2.14 (b) 2.10
2.11 2.12 2.13 2.14
2.15 2.16 2.17 (a) (b)
(c) 2.18 (a) (b) (c)
2.19 2.20 (a) (b) (c)
2.21 2.22 2.23 37 2.24 (a) (b) 2.5 2.20(b)
2.25 3 3.1 3.1.1 (a) 721,0004,093,0004,549,000 319,00071,000 5% 36,000189,000224,000 (b) 0.3% 0.35% 0.01% 0.35% 0.01% 0.35%
3.1.2 (i)... 38,622 44,412 19,188... 271 25,579 189 38,893 69,991 19,377 (i) 77% 62% 24%8% 17% 7% 16
3.1.3... 7,377 1,914... 11,580... 11,896 18,957 13,810... 11,166 6,161... 1,372... 19,844 12,538 26,005... 11,294 6,796... 28,028 11,294 34,824 3.2
3.3 (i) 1 (ii) 1 2 (iii) 3 4 (a) (b)
(c) 5 (i)(ii) (iii) (iv)
... 69,890 71,987 77,886... 1,298 1,710 3,713 71,188 73,697 81,599 10% A... 8,164 * * B... 14,162 * * C... 10,319 * * F... * 9,866 9,686 * 10% 6 27(b)(i))... 1,679 4,042... 385 69... 169 13 554 1,748 4,055
7... 1,287... 56 24 71 56 1,311 71 8 9... 13,551 15,320 16,153 13... 8,049 7,563 7,870... 12,237 9,329 6,922... 5,340 4,630 4,481... 850 881 982 12... 1,590 1,590 1,590 14... 243 276 337... 1,392 1,326 1,492... 1,623 1,415 1,609... 1,164 1,491 1,735... 571 506 500... 450 528 576... 464 260 327... 228 224 236... 504 520 697... 164 193 170... 150 150 125... 1,506 1,240 1,162... 50,076 47,442 46,964
9... 10,843 12,510 12,948... 1,565 1,678 1,856... 1,143 1,132 1,349 13,551 15,320 16,153 (a)... 240 240... 354 14 368... 66 80 3 149 660 80 14 3 757
... 240 240... 515 515... 64 80 8 152 819 80 8 907... 240 240... 520 16 536... 64 80 8 152 824 80 24 928 (i) (ii)
(iii) (iv) 27(d) (v) 27(b) (b) 333 9(a) 222... 276 686 707... 11 25 24... 2 4 289 715 731
1,000,000... 2 2 2 10 25%
10% 5%... 8,616 10,640 12,353... 8,616 10,640 12,353... 21,722 29,314 38,761... 8,040 9,852 11,622... 486 563 489... 90 225 242 8,616 10,640 12,353
11 (a) 100 449,999,900... 7,481 12,392 19,244... 100 100 100... 74.8 123.9 192.4 (b)
12 40 70... 59,003 59,003 59,003... (8,525) (10,115) (11,705)... 50,478 48,888 47,298... (1,590) (1,590) (1,590)... 48,888 47,298 45,708... 59,003 59,003 59,003... (10,115) (10,705) (13,295)... 48,888 47,298 45,708... 956 956 956... 634 634 634 1,590 1,590 1,590 20,936,00032,418,000 27(b)(i)
13... 9,487 84,967 30,247 6,643 307 227 3,846 135,724... 112 434 798 230 677 314 2,533 5,098... 2,444 848 (3,292)... (222) (222)... (480) (4,879) (2,049) (310) (191) (136) (4) (8,049)... 11,563 81,370 28,774 6,333 346 768 310 3,087 132,551... 13,942 114,770 37,448 8,929 1,680 1,310 314 3,087 181,480... (2,379) (33,400) (8,674) (2,596) (1,334) (542) (4) (48,929)... 11,563 81,370 28,774 6,333 346 768 310 3,087 132,551... 11,563 81,370 28,774 6,333 346 768 310 3,087 132,551... 69 822 521 221 10 40 2,392 4,075... 239 1,184 45 82 (1,550)... (374) (374)... (541) (4,271) (2,125) (310) (124) (170) (22) (7,563)... 11,330 79,105 26,841 6,023 525 608 328 3,929 128,689... 14,250 113,711 37,476 8,929 1,983 1,320 354 3,929 181,952... (2,920) (34,606) (10,635) (2,906) (1,458) (712) (26) (53,263)... 11,330 79,105 26,841 6,023 525 608 328 3,929 128,689... 11,330 79,105 26,841 6,023 525 608 328 3,929 128,689... 332 588 200 6 6,884 8,010... 124 1,613 1,498 (3,235)... (598) (4,250) (2,304) (310) (203) (171) (34) (7,870)... 10,856 76,800 26,623 5,713 522 443 294 7,578 128,829... 14,374 115,656 39,562 8,929 2,183 1,326 354 7,578 189,962... (3,518) (38,856) (12,939) (3,216) (1,661) (883) (60) (61,133)... 10,856 76,800 26,623 5,713 522 443 294 7,578 128,829
(a)... 6,905 6,390 6,638... 1,144 1,173 1,232 8,049 7,563 7,870 (b) (c) 2,120,000 (d) 8,402,00010,564,000 12,379,000 (e) 107,499,000 27(b)(i)
14... 7,964 8 7,972... 26 26... (242) (1) (243)... 7,722 33 7,755... 9,765 67 9,832... (2,043) (34) (2,077)... 7,722 33 7,755... 7,722 33 7,755... 163 163... (242) (34) (276)... 7,480 162 7,642... 9,765 230 9,995... (2,285) (68) (2,353)... 7,480 162 7,642... 7,480 162 7,642... 2,506 1 2,507... (283) (54) (337)... 9,703 109 9,812... 12,271 231 12,502... (2,568) (122) (2,690)... 9,703 109 9,812
(a)... (242) (242) (283)... (1) (34) (54) (243) (276) (337) (b) 6,578,000 27(b)(i) 15 12... 21 21 21 12... (308) (308) (308)... (287) (287) (287)... 21 (308)
463,000 1,737,0003,111,000 90,000315,000557,000158,000 176,000180,000 2,699,0005,038,0007,832,000 16... 14,087 9,585 7,070...... 14,087 9,585 7,070... 9,546 2,030 9,050... 1,625 509 243... 774 580 611 26,032 12,704 16,974 27(d)... 68,948 (a) 30120 30... 12,409 8,381 6,227 31 60... 1,003 386 843 61 90... 160 662 91 180... 515 156 14,087 9,585 7,070 (b)
(c) 1,101,0001,117,000631,000 30... 31 60... 586 299 631 61 90... 662 91 180... 515 156 1,101 1,117 631 (d) (e) 17... 1,154 514 977... 3,573 6,438 8,336... 105... 3,300 4,832 6,952 12,613... (105) (3,300)... 4,727 6,952 9,313
... 3,573 6,438 8,336 18... 29 12 14... 38,893 69,991 19,377... 38,922 70,003 19,391... 38,922 69,684 19,320... 319 71 38,922 70,003 19,391 (a) (b)
19 0.01... 38,000,000 380 300 (a)... 100 (b)... 155,000... 100 155,000 (a) 946 (b) 9,300,000145,700,000 100 20 (a) i) 49,500,000ii) 26,394,000
(b) (c) 10% 50% 25% (d) (e) (f) 21 (a) 27,615,00046,429,0006,692,000
(b)... 95,849 93,398 91,009... 37,068 53,799 75,602... 132,917 147,197 166,611... 7,893 6,468 7,972... 7,893 6,468 7,972... 125,024 140,729 158,639... 45,910 45,729 50,306... 18,789 21,146 23,982... (4,729) (5,441) (6,072)... 14,060 15,705 17,910... 5,625 6,282 7,164...
... 21,775 21,655 20,412... 2,897 (2,841) (60,149)...... 24,672 18,814 (39,737)... 2,943 27,615 46,429... 27,615 46,429 6,692 22 23... 3,308 3,527 3,873... 5,463 5,005 4,498... 472 429 657... 1,914 6,161 6,796... 11,157 15,122 15,824 27(d)... 11,580 1,372
... 1,914 6,161 6,796... 100 492 884... 2,014 6,653 7,680... 11,896 19,844 28,028 (a) (b) (c) 721,0004,093,0004,549,000 24... 21,722 29,314 38,761... 8,049 7,563 7,870... 1,590 1,590 1,590... 243 276 337... (12,302) 13,328 (4,270)... (780) (2,016)... (3,801) (2,225) (2,361) (b)... 13,512 (4,243)... 4,168 4,164 1,223... (221) (141) 1,155... 32,180 49,626 42,289
13... 222 374... 222 374 (a) 26,394,000 (b) 13,512,000 7,988,0007,684,000 19,000,0009,056,000 25 12 13 14 27(b)(i)
26... 45 25,058... 65,022 64,918 30,766 65,067 64,918 55,824 27 (a)...... (b) (i)... 57 *... 1,679 4,042... 900
* 1,679,0004,042,000 12 13 14 2.23 (c) 9(a)... 495 949 950... 25 42 44... 5 7 6 525 998 1,000
(d) (i)... 68,948 (i)... 8,108 1,372... 3,472 11,580 1,372 (i) (ii)... 29,808 68,948
28 (a)... 32,108 32,108 32,108 (b)... 155,000 155,000 155,000 187,108 187,108 187,108 (a) (b) 29 (a) 4,499,999 449,999,900 III
A. 4.29 1 2 3 0.76 0.84 10%... 203,776 69,856 273,632 0.46 0.55 0.84... 203,776 79,536 283,312 0.47 0.56 1.0... 203,776 98,895 302,671 0.50 0.60 (1) 213,588,0009,812,000
(2) 0.84 1.0 0.7610% 28,488,000 (3) 600,000,000 (4) (5) 1.00 0.83591
B. II-1 II-2 II-1 II-2 4.29 7 7
1 4.29(7) 3420 4.297
(a) (b) (c) 4.29(1)
1 16
12
Tommy Yuen Fei Jin-biao 5.08
168 MSc, MRICS, MHKIS, MCIREA, RPS (GP) 30
(%) 1. 100 54,000,000 54,000,000 2. 100 37,000,000 37,000,000 91,000,000 91,000,000 3. 91,000,000 91,000,000
1. 132,723.815 2 2 9,908.03 1 7,000 18 361,080 1 60,000 2 80,000 3 18 120,000 18,844 274,843.42 54,000,000
(1) 5132,723.81 (2009) 154 29,259.00 (2009) 141 40,864.90 (2014) 011 13,093.21 (2009) 149 28,853.70 (2011) 052 20,653.00 132,723.81 (2) 15 9,908.03 (3) 440900000004212 5,000,000 (4) (a) (b) (c)
2. 108,811.485 37,000,000 1 2 5,469.09 1 2 106,222.14 4 3 (1) 2,589.34 (2) 2,398.09 3,400,000
(3) 4106,222.14 (2007) 2100014 15,295.00 (2006) 2100139 24,493.34 (2006) 2100140 61,035.46 (2007) 2100015 5,398.34 106,222.14 (4) 2,589.34 (5) 13 3,071 (6) 440903000000655 10,000,000 (7) (a) (b) (c) (d) (e) (f) 4106,222.14 4106,222.14 3,071 3,071.81 2,589.34 2,398.09
3. 3,000 5 98,000
1. (a) (b) 2. (a) (i) (ii)
(iii) (a) (b)(c) (d)(e) (f) (g) (h) (iv)
30 (v) (vi)
(vii) 20% 20% 14 14 20% (b) (i)
(aa) (bb) (cc) (dd)
(ee) (ff) (gg) (hh) (ii)
(iii) (iv) (v)
(vi) (vii)
(viii) (aa) (bb)
(cc) (dd) (i) (ii) (ee) (ix) (c) (d) (i)
15 (ii) (a) (b) (A) (B) (C)
(iii) 15 (iv) 21 14 (i)
(ii) 95% (v) (vi)
(e) 21 21 21 (f)
(i) (ii) (iii) (aa) (bb)
20 (g) (h) 3(f) (i)
(i) (ii) (j) 3.
(a) (b) (i) (ii) (iii) 37 (iv) (v)
(c) (d) 37A(1)
(e) (f) Foss v. Harbottle (g) (h) (i)(ii) (iii)
(i) (j) 6 (i) (ii) (aa) (bb) 6(3) (k)
(l) (m) (n) (o) 60 (p) (i)(ii)(iii)
(i)(ii) (q) 75%
(r) 90% (s) 4. Appleby
A. 1. 16 1B 29 C 2916 1603 2. (a) 380,00038,000,0000.01 936 (b) 3,962,000,000 380,00040,000,000 (c) 600,000,0003,400,000,000 (d) (e)
3. (a) (b) 380,000 40,000,000 3,962,000,0000.01 (c) 30 (i) (ii) (iii) 4,499,999 449,999,900 (d) 20%
(a) (b) (c) (e) 10% (i) (ii) (iii) (f) (d) (e) 10%
4. (a) 50,00050,0001.00 (b) 50,00050,0001.00 (c) 50,00050,0001.00 (d) 120,000,000 94% 6% (e) 5,700,000 (f) 380,000 38,000,0000.01 93 (g) 60%43,800,000 60%
(h) (i) 6%7,200,000 2,970,000 94% 6% (j) 120,000,000 155,000,000 (k) 6,330,000 (l) 9,300,000 6%6 (m) 94% 6% 145,700,0009,300,000 (n) 99,170,000155,000,000 98.5 (o) 145,700,000 94% 94
(o) 5. 6. (a) 10% (b)
(c) (d) (e) 600,000,000 60,000,000 (f) (g)
26 25% B. 1. (a) (b) (c)
(d) (e) B. 1.(a) (d) (f) (g) (h) (i) (j)
(k) (l) (m) B. 1.(f) (l) (n) (o) (p) 2. (a) 39 303486448 (b) www.tianyuangroupholdings.com
3. 200,000,000 155,000,000 100% 5,000,000 100%
10,000,000 60%
C. 1. (a) XV XV7 8 352 (i)... 1 423,000,000 70.5%... 2 27,000,000 4.5% 1. 423,000,000 2. 27,000,000 (ii)... 1 100%
2. XV2 3 10%... 423,000,000 70.5% Zhang Dan... 423,000,000 70.5% Zhang DanZhang Dan 2. 3. (a) 757,000907,000928,000 (b) 1.75
(c)... 816,000... 618,000... 144,000... 144,000... 144,000... 120,000... 144,000 4. 5. 27 6. (a) (b)
(c) (d) XV2 3 10% (e) XV7 8 352 (f) 5% D. 1.
2. (a) (b) (c) (c) (i) (ii) (iii)
(d) 1 (e) (i) (ii) (iii) 10% 60,000,000 60,000,000 (ii) 10% 10%10% (iii) 10%10% (iv) 30% 30%
(f) 12 1% (g) (i) (ii) 12 1. 0.1% 2. 5
(h) (i) (ii) (i) 60 30 (i) 10 (j) (k)
(l) (m) (n) 12 12 (q) (r) (s) (n) (o) (n)
(p) (q) (r) (s)
(t) (i) (l) (m) (o) (q) (r) (s) (r)
(s) (u) (v) (w) 1. 17.03 2. 3. (x) (y)
(z) 60,000,000 E. 1. (o) (a) 1113543 (b) (i) (ii) (c) (i) (ii) (d)
(i) (ii) 2. 3. 3A.07 9.2
4. 42,000 5. 6. RaffAello Capital Limited Ipsos Limited Appleby 6 7. RaffAello Capital Limited Ipsos Limited Appleby
8. 44A 44B 9. (a) (b) (c) 10. 11. (a) (i) (ii)
(iii) (iv) (b) (c) (d) (e) 12 (f) (g) (h) (i) 12. 32L 4
(a)(b) (c) 14 2916 1603 (1) (2) (3) (4) (5) (6) Ipsos Limited Ipsos (7) (8) (9) (10)
(11) (12) Appleby (13) (14)