: 730 2017
2 3 6 8 9 11 18 46 65 72 74 76 77 79 182 183
Estera Management (Bermuda) Ltd. Canon s Court, 22 Victoria Street, Hamilton, HM 12, Bermuda 183 22 Canon s Court 22 Victoria Street Hamilton HM 12 Bermuda 39 11 1101-04 730 www.shougang-grand.com.hk 2
XV 200,000 180,000 NHTV Breda University of Applied Sciences 220,000 3
CWT International Limited 190,000 240,000 4
240,000 240,000 5
27.73% # * ^ 40.78% 40.78% ^100% ^100% 100% 100% 6
40.78% # * 8271 75% #* 730 100% 100% 7
97% 3% 98% 2% 8
26 3%1.1 2017 GDP 6.9% 80-9
10
+/(-) 109,512 106,578 3% (%) 54% 43% 11% (11,332) (82,375) -86% 320,080 240,314 33% 2,630,955 2,524,472 4% 1,051,498 1,061,140-1% 896,494 928,468-3% 1,281,917 1,198,271 7% 184% 183% 1% 36% 47% -11% (0.42) (3.08) -86% 11,332,000 82,375,000 109,512,000 106,578,000 3% 59,132,000 54% 43% 11% 0.42 3.08 11
109,512,000 106,578,000 3% 3,929,000 59,132,000 54%43%11% 4,400,000 11,451,000 62% 40,530,000 33,248,000 22% 11,947,000 25,349,000 9,626,000 43,019,000 4% 105,896,000 101,967,00046,452,000 2,960,000 12
22%3,616,000 4,611,000 13,604,000 8,496,000 10,781,000 4,670,000 13
752,000 133,000 14
37 38 535,048 463,875 361,446 464,593 896,494 928,468 288,221 202,597 12,048 11,111 19,811 26,606 320,080 240,314 576,414 688,154 1,579,457 1,463,332 2,630,955 2,524,472 36% 47% 22% 27% 184% 183% 15
288,221,000 202,597,00012,048,000 11,111,000 19,811,000 26,606,000 140,642,000 18,564,0005,335,000 111,460,000 896,494,000 535,048,000 361,446,000 437,941,000 1,281,917,000 1,198,271,000 96,633,000 11,332,000 26,722,000 2,672,000,000 16
(i) 86,940,00031,273,000 (ii) 878,751,000 865,221,000 (iii) 19,811,000 24,056,000 51 47 17
A.2.1 A.2.1 18
3 5 19
20
A 21
5/5 2/2 2/2 5/5 5/5 5/5 5/5 5/5 5/5 22
A.4.2 3.10(1) 3.10(2) 3.10A 23
3.13 24
I II B 4 B 4 B 4 A 3 B 4 B 4 B 4 A 1, 2, 3 B 4 A 1, 3 B 4 A 1 B 4 I A: B: II 1: 2: 3: 4: 25
26
27
1/1 1/1 1/1 1/1 1/1 28
2/2 2/2 2/2 29
30
0/0 2/2 2/2 2/2 2/2 2/2 31
32
33
1/1 0/0 1/1 1/1 1/1 1/1 11 34
35
36
(1) (2) 37
38
39
40
41
42
1,163 400 209 1,772 65 71 www.shougang-grand.com.hk 43
3 3 3 3 3 3 3 3 3 44
74 (10%) 79 80(5%) 100 2 45
18 41 72 181 9 10 11 17 183 184 15 182 46
31 * * * * 102(B)99 47
XV 352 (a) * 4,000,000 6,000,000 10,000,000 0.37% 8,278,000 8,000,000 16,278,000 0.60% 1,150,000 1,150,000 0.04% 1,150,000 1,150,000 0.04% 1,150,000 1,150,000 0.04% * 0.01 48
(b) 30,008,200 1.98% (c) 7,590,000 0.04% XV 352 49
50
336 XV 2 3 1,350,491,315 50.53% 1, 3 1,350,491,315 50.53% 1 Wheeling Holdings Limited Wheeling 1,350,491,315 50.53% 1 213,600,000 7.99% 2 HY Holdings Limited HY Holdings 213,600,000 7.99% 2 1. Wheeling 2. HY Holdings HY Holdings 80% 3. XV 2 3 51
(a) 52
(a) 40,770,000 1.53% 1.00 17.09 53
(a) 11,000,000 (11,000,000) 1 14.12.2010 14.12.2010 13.12.2020 0.540 9,000,000 (9,000,000) 2 14.12.2010 14.12.2010 13.12.2020 0.540 5,094,000 (5,094,000) 3 19.01.2007 19.01.2007 18.01.2017 0.410 6,000,000 (6,000,000) 4 22.01.2008 22.01.2008 21.01.2018 0.724 11,094,000 (11,094,000) 9,094,000 (9,094,000) 3 19.01.2007 19.01.2007 18.01.2017 0.410 6,000,000 6,000,000 5 22.01.2008 22.01.2008 21.01.2018 0.724 15,094,000 (9,094,000) 6,000,000 11,368,000 (11,368,000) 3 19.01.2007 19.01.2007 18.01.2017 0.410 8,000,000 8,000,000 22.01.2008 22.01.2008 21.01.2018 0.724 19,368,000 (11,368,000) 8,000,000 1,136,000 (1,136,000) 3 19.01.2007 19.01.2007 18.01.2017 0.410 1,150,000 1,150,000 22.01.2008 22.01.2008 21.01.2018 0.724 2,286,000 (1,136,000) 1,150,000 1,136,000 (1,136,000) 3 19.01.2007 19.01.2007 18.01.2017 0.410 1,150,000 1,150,000 22.01.2008 22.01.2008 21.01.2018 0.724 2,286,000 (1,136,000) 1,150,000 1,136,000 (1,136,000) 3 19.01.2007 19.01.2007 18.01.2017 0.410 1,150,000 1,150,000 22.01.2008 22.01.2008 21.01.2018 0.724 2,286,000 (1,136,000) 1,150,000 72,414,000 (54,964,000) 17,450,000 54
(a) 1,900,000 (1,900,000) 3 19.01.2007 19.01.2007 18.01.2017 0.410 4,220,000 4,220,000 14.12.2010 14.12.2010 13.12.2020 0.540 6,120,000 (1,900,000) 4,220,000 34,104,000 (34,104,000) 3 19.01.2007 19.01.2007 18.01.2017 0.410 18,500,000 18,500,000 22.01.2008 22.01.2008 21.01.2018 0.724 600,000 600,000 14.12.2010 14.12.2010 13.12.2020 0.540 53,204,000 (34,104,000) 19,100,000 131,738,000 (90,968,000) 40,770,000 1. 2. 3. 4. 5. 55
(b) 56
(b) 115,219,2464.31% 1% 1% (a) 0.1% (b) 5,000,000 57
(b) (i) (ii) (iii) 1.00 58
122,851,000 89% 27% 97% 83% 5% (i) I I I 250,000,000 I I I I 1% 5% 3.6% 8.6% 2.15% 2.85% 59
(i) I I 276,250,000 I I I I I 14A I 100% I I (i) I (ii) I I 60
(i) I I (ii) II II II 8,000,000,000 II II II II 1% 5% II 5,000,000,000 II II II 61
(ii) II II II 14A II 100% II II II 14A.55III (i) (ii) (iii) III 14A.56 62
40(a)(ii)(1) (2) (3) 40(a)(i) 40(a)(ii)(4) 40(b) 40(c) 40(d) 13.18 1. 1,000,000,000 50% 60% 2. 70,000,000 63
18 45 42 64
72 181 65
18 GEM 40.78% 18 66
4 19 1,886,829,000 97,315,000 72% 672,000 67
4 18 204,325,000 149,639,000 9,626,000 68
69
90 70
71
5 109,512 106,578 (50,380) (61,130) 59,132 45,448 7 4,400 11,451 (993) (672) (40,530) (33,248) 10,781 4,670 67 806 274 19 672 (44,055) 8 (2,445) (264) (11,947) (25,349) 18 (9,626) (43,019) 9,785 (84,232) 9 (12,206) 2,564 10 (2,421) (81,668) 33 (304) (2,421) (81,972) 96,973 (68,269) 23,228 (21,657) 120,201 (89,926) (1,655) (614) 118,546 (90,540) 116,125 (172,512) 72
(11,332) (82,101) (274) (11,332) (82,375) 8,911 433 (30) 8,911 403 (2,421) (81,972) 83,646 (156,309) 32,479 (16,203) 116,125 (172,512) 13 (0.42) (3.08) (0.42) (3.07) 73
14 17,134 15,977 15 117,663 123,038 16 52,935 52,935 18 204,325 204,325 19 1,027,923 1,118,560 20 4,667 26 15,191 30 22,069 20,222 1,442,049 1,554,915 19 858,906 734,960 21 1 22 5,997 4,241 23 3,923 4,844 24 388 25 12,048 11,111 26 19,811 11,415 26 288,221 202,597 1,188,906 969,557 27 26,567 30,724 28 7,589 7,839 548 764 23,807 14,613 29 535,048 463,875 19 54,261 12,158 647,820 529,973 541,086 439,584 1,983,135 1,994,499 74
31 26,722 26,722 524,192 518,281 731,003 653,268 1,281,917 1,198,271 297,540 265,061 1,579,457 1,463,332 28 3,678 6,018 29 361,446 464,593 19 38,554 60,556 403,678 531,167 1,983,135 1,994,499 72 181 75
(a) 26,722 604,068 7,392 2,269 115,576 (29,600) 28,081 600,072 1,354,580 281,446 1,636,026 (82,375) (82,375) 403 (81,972) (51,663) (51,663) (16,606) (68,269) (21,657) (21,657) (21,657) (614) (614) (614) (614) (73,320) (73,934) (16,606) (90,540) (614) (73,320) (82,375) (156,309) (16,203) (172,512) (584) 584 33 (182) (182) 26,722 604,068 7,392 1,655 115,576 (102,920) 27,497 518,281 1,198,271 265,061 1,463,332 (11,332) (11,332) 8,911 (2,421) 73,405 73,405 23,568 96,973 23,228 23,228 23,228 (1,655) (1,655) (1,655) (1,655) 96,633 94,978 23,568 118,546 (1,655) 96,633 (11,332) 83,646 32,479 116,125 (17,243) 17,243 26,722 604,068 7,392 115,576 (6,287) 10,254 524,192 1,281,917 297,540 1,579,457 (a) (b) (b) 425,259,000 311,818,000 46(2) 76
9,785 (84,232) (304) (67) (806) 620 627 (41) (40) (89) (274) (11) 9,626 43,019 (672) 44,055 (10,781) (4,670) 52,825 61,394 (3,583) (7,739) 1 11,947 25,349 69,374 76,565 1,696 25,323 55,082 75,477 1 80 (1,720) 3,338 781 (6,326) (21,444) (3,733) (2,535) (235) (220) 13,968 13,411 96,652 202,231 98,361 93,248 41 40 (50,048) (61,974) (4,364) (932) 140,642 232,613 77
477,955 640,339 18,564 6,866 10,168 8,772 5,335 3,583 7,739 1,120 388 11 (477,807) (565,896) (1,129) (2,134) (462) (59) 33 1,259 37,726 96,886 (549,401) (541,829) 437,941 (111,460) (541,829) 66,908 (212,330) 202,597 439,651 18,716 (24,724) 288,221 202,597 78
1. 30% 33 79
2. 7 12 12 7 (i) (ii) (iii) (iv)(v) 39 39 80
2. 9 1 15 1 16 2 17 4 1 22 2 23 2 1 4 9 4 1 9 2 10 3 28 28 2 28 1 40 1 2 1 2 3 4 81
2. 9 9 9 9 9 39 39 9 9 39 82
2. 9 9 9 39 15 15 1518 11 15 83
2. 15 15 15 15 15 15 15 16 16 16 17 17 16 16 84
2. 16 16 17 16 34 3,105,000 16 1,295,000 532,000 1716 85
3. 2 17 2 36 36 86
3. 87
3. (i) (ii) 88
3. 89
3. 39 36 36 90
3. 91
3. 92
3. 93
3. 94
3. 95
3. 96
3. 97
3. (i) (ii) 98
3. 39 38(c) 99
3. 100
3. 101
3. 102
3. 103
3. 4. 3 104
4. 105
4. 672,000 44,055,000 1,886,829,000 97,315,000 1,853,520,000 111,661,000 19 106
4. 9,626,000 43,019,000 204,325,000 149,639,000 204,325,000 140,013,000 18 52,935,000 201,854,000 52,935,000 201,854,00017 107
5. 96,557 93,652 9,339 7,295 329 691 3,616 4,611 109,512 106,578 6. 33 108
6. 105,896 3,616 109,512 46,452 13,604 752 60,808 525 (27,597) 67 (2,445) (11,947) (9,626) 9,785 109
6. 101,967 4,611 106,578 (2,960) 8,496 133 5,669 248 (22,323) 806 (264) (25,349) (43,019) (84,232) 3 110
6. 2,259,787 2,152,777 118,000 123,329 25,649 22,768 2,403,436 2,298,874 204,325 204,325 3,923 4,844 12,048 11,111 7,223 5,318 2,630,955 2,524,472 1,014,457 1,035,927 593 886 586 545 1,015,636 1,037,358 31,273 18,917 4,589 4,865 1,051,498 1,061,140 111
6. 426 36 462 579 20 21 620 10,781 10,781 2,301 921 361 3,583 672 672 112
6. 7 40 12 59 486 36 26 548 44,055 44,055 4,670 4,670 7,027 678 26 7,731 113
6. 107,387 102,711 47,760 44,652 2,125 3,867 87,037 94,363 109,512 106,578 134,797 139,015 10% A 29,628 27,351 B 28,438 27,007 C 28,435 29,350 114
7. 3,583 7,731 41 40 3,439 776 241 4,400 11,451 8. 52,825 61,394 (50,380) (61,130) 2,445 264 115
9. 42 124 12,302 10,647 12,344 10,771 (3,013) 30 (138) (10,322) 12,206 (2,564) 16.5% 25% 25% 116
9. 9,785 (84,232) 25% 2,446 (21,058) 2,987 6,337 2,591 10,963 (2,752) (1,745) 6,989 5,654 (118) (22) (3,013) (191) 449 254 (129) 12,206 (2,564) 117
10. 11 910 910 23,908 20,301 519 692 25,337 21,903 1,637 1,594 620 548 11 (5) (115) (3,616) (4,611) 305 353 (3,311) (4,258) 118
11. (a) (1) (2) (3) (1) (3) (4) (5) 2,400 652 1,800 1,440 6,292 18 33 18 72 141 2,418 685 1,818 1,512 6,433 (1) (2) (3) (4) (5) 119
11. (a) 190 240 240 240 720 120
11. (a) (1) (2) (1) (2) (3) 2,160 1,440 1,440 1,440 6,480 18 72 18 72 180 2,178 1,512 1,458 1,512 6,660 (1) (2) (3) 190 121
11. (a) 240 240 240 720 815,000 1,800,000 122
11. (b) 2,183 1,235 36 18 2,219 1,253 1,000,000 1 1,000,0011,500,000 1 1 12. 123
13. (11,332) (82,375) (274) (11,332) (82,101) 2,672,192 2,672,192 124
13. (11,332) (82,375) 0.01 274,000 125
14. 21,299 2,023 6,471 29,793 (1,091) (3) (79) (1,173) 59 59 (59) (199) (258) 33 (486) (486) (77) (77) 20,208 1,961 5,689 27,858 1,565 4 99 1,668 462 462 (332) (332) (227) (227) 21,773 1,965 5,691 29,429 4,057 2,009 6,212 12,278 (154) (3) (73) (230) 457 12 158 627 (59) (199) (258) 33 (460) (460) (76) (76) 4,360 1,959 5,562 11,881 248 4 101 353 480 2 138 620 (332) (332) (227) (227) 5,088 1,965 5,242 12,295 16,685 449 17,134 15,848 2 127 15,977 126
14. 50 5 10% 30% 33 34 15. 126,912 4,670 (6,866) (1,678) 123,038 10,781 (18,564) 2,408 117,663 6,727,000 127
15. 12,88420,964 11,574 19,400 5,343 5,005 44 12% 128
15. 18,564,000 86,940 94,260 86,940 94,260 30,723 28,778 30,723 28,778 33 116 34 117 32 129
16. 254,789 (201,854) 52,935 17 17. 16 6.5% 6.5% 130
18. 186,613 186,613 168,693 180,640 (1,342) (24,570) 1,655 353,964 344,338 (149,639) (140,013) 204,325 204,325 204,325 204,325 204,325 204,325 40.78% 40.78% 40.78% 40.78% 131
18. 36 439,616,000 409,263,000 2,722,000 3,172,000 20,000,000 23,310,000 132
18. 84,467,00023,310,000 133
18. 9,626,000 43,019,000 339,575 365,802 691,313 630,983 (111,129) (113,052) (44,004) (38,507) 134
18. 133,915 146,759 (24,015) (95,294) 54,544 (56,725) 30,529 (152,019) 875,755 845,226 (25,082) (18,159) 850,673 827,067 40.78% 40.78% 346,916 337,290 (149,639) (140,013) 7,048 7,048 204,325 204,325 135
19. 929,514 802,926 846,814 723,557 506,307 835,674 452,106 781,674 417,628 348,280 394,366 333,632 101,848 2,728 91,090 2,582 95,688 683 90,361 672 2,050,985 1,990,291 1,874,737 1,842,117 12,092 11,403 12,092 11,403 (176,248) (148,174) 1,886,829 1,853,520 1,886,829 1,853,520 858,906 734,960 1,027,923 1,118,560 1,886,829 1,853,520 136
19. 810,200 928,069 1,076,629 925,451 1,886,829 1,853,520 5.0 12.0 3.0 15.0 5.0 6.7 6.2 6.5 878,751,000 913,354,000 32 137
19. 111,661 112,353 (672) 44,055 (23,059) (38,506) 9,385 (6,241) 97,315 111,661 97,315,000 111,661,000 12,092,000 11,403,000 222,000 684 1,389 12,092 9,330 12,092 11,403 138
19. 92,815,000 72,714,000 54,261 12,158 38,554 60,556 92,815 72,714 139
20. 21. 1 0 90 1 140
22. 2,567 1,794 1,495 836 1,935 1,611 5,997 4,241 23. 3,095 3,275 828 1,569 3,923 4,844 24. 141
25. 12,048,000 11,111,000 3.5 3.5 91 30 38(c) 26. 0.38 0.38 19,811 11,415 15,191 19,811 26,606 142
26. 0.01 0.2 0.01 0.67 3,109 1,313 285,112 201,284 288,221 202,597 27. 4,799 3,562 1,301 1,646 16,341 20,233 3,018 4,386 1,108 897 26,567 30,724 143
28. 7,589 7,839 3,678 6,018 11,267 13,857 144
29. 896,494 928,468 503,775 444,958 90,363 464,593 90,361 90,361 90,361 865,221 909,551 3,946 2,629 4,044 2,676 4,146 2,723 4,251 2,770 4,357 2,819 10,529 5,300 31,273 18,917 896,494 928,468 (535,048) (463,875) 361,446 464,593 145
29. 24,056 110,630 872,438 817,838 896,494 928,468 4.8 4.8 2.19 5.7 1.8 7.2 31,273 18,917 146
29. 2.75 1 2 1.1 20 2.75 1 1.1 2031,273,000 18,917,000 841,165,000 798,921,000 31,273,000 18,917,000 841,165,000 798,921,000 30. (20,431) 9,983 (10,448) (11,033) 711 (10,322) 1,154 (606) 548 (30,310) 10,088 (20,222) 168 (306) (138) (2,548) 839 (1,709) (32,690) 10,621 (22,069) 147
30. (22,069) (20,222) 368,232,000 340,276,000 16,800,000 4,400,000 30% 60% 148
31. 0.01 10,000,000,000 100,000 2,672,192,469 26,722 32. (i) 86,940,000 94,260,000 31,273,000 18,917,000 (ii) 878,751,000 913,354,000 865,221,000 909,551,000 (iii) 19,811,000 26,606,000 24,056,000 136,032,000 33. 1,483,000 1,724,000 149
33. 4,501 (4,351) 8 (216) (335) 89 (393) (304) 5 79 1 150
33. 2,639 8 (3,035) (388) 26 267 1,326 465 (267) 1,817 (182) 89 1,724 151
33. 1,724 (465) 1,259 34. 3,616,000 4,611,000 2.9% 3.2% 2,018 1,613 16 180 2,034 1,793 152
34. 3,388,000 3,388,000 3,105 3,388 3,105 3,105 6,493 35. 153
35. 12 0.1% 5 (i) (ii) (iii) 1.00 154
35. 115,219,246 4.31% 1% 1% (a) 0.1% (b) 5 155
35. (i) (ii) (iii) 1.00 156
35. 19.1.2007 19.1.2007 18.1.2017 0.410 28,964,000 (28,964,000) (1) 22.1.2008 22.1.2008 21.1.2018 0.724 23,450,000 (6,000,000) (2) 17,450,000 14.12.2010 14.12.2010 13.12.2020 0.540 20,000,000 (20,000,000) (3) 19.1.2007 19.1.2007 18.1.2017 0.410 1,900,000 (1,900,000) (1) 14.12.2010 14.12.2010 13.12.2020 0.540 4,220,000 4,220,000 19.1.2007 19.1.2007 18.1.2017 0.410 34,104,000 (34,104,000) (1) 22.1.2008 22.1.2008 21.1.2018 0.724 18,500,000 18,500,000 14.12.2010 14.12.2010 13.12.2020 0.540 600,000 600,000 131,738,000 (90,968,000) 40,770,000 40,770,000 0.53 0.46 0.70 19.1.2007 19.1.2007 18.1.2017 0.410 28,964,000 28,964,000 22.1.2008 22.1.2008 21.1.2018 0.724 23,450,000 23,450,000 14.12.2010 14.12.2010 13.12.2020 0.540 20,000,000 20,000,000 19.1.2007 19.1.2007 18.1.2017 0.410 1,900,000 1,900,000 14.12.2010 14.12.2010 13.12.2020 0.540 7,220,000 (3,000,000) (4) 4,220,000 19.1.2007 19.1.2007 18.1.2017 0.410 34,104,000 34,104,000 22.1.2008 22.1.2008 21.1.2018 0.724 18,500,000 18,500,000 14.12.2010 14.12.2010 13.12.2020 0.540 600,000 600,000 134,738,000 (3,000,000) 131,738,000 131,738,000 0.53 0.54 0.53 157
35. (1) (2) (3) (4) 36. 37. 29 158
37. (1) 576,414 688,154 (2) 1,579,457 1,463,332 (%) 36 47 1,188,906 969,557 647,820 529,973 (%) 184 183 (1) (2) 159
38. (a) 3,923 4,844 12,048 11,111 15,971 15,955 310,599 231,386 4,667 1,886,829 1,853,520 997,300 1,009,377 (b) 160
38. (b) (i) 31,273 18,917 3,109 1,313 161
38. (b) (i) 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 1,408 880 (ii) 19 26 29 162
38. (b) (ii) 50 50 50 50 1,021,000 538,000 (iii) 163
38. (b) (iii) 10% 10% 392,000 484,000 164
38. (b) 100% 99% 26% 31% 95% 95% 99% 99% 165
38. (b) % 7,817 174 7,991 7,991 12,093 12,048 30,120 38,554 92,815 92,815 4.07 34,336 30,009 504,103 398,404 966,852 896,494 54,246 42,057 534,397 436,958 1,067,658 997,300 166
38. (b) % 7,957 238 8,195 8,195 2,292 77 9,789 60,556 72,714 72,714 4.27 22,238 38,602 439,347 486,593 986,780 928,468 32,487 38,679 449,374 547,149 1,067,689 1,009,377 31,273,00018,917,000 167
38. (b) % 2.35 384 778 3,482 18,787 10,777 34,208 31,273 1.75 245 490 2,204 11,757 5,388 20,084 18,917 (c) 168
38. (c) 3,095,000 828,000 3,275,000 1,569,000 12,048,000 11,111,000 3.5% 3.5% 169
38. (c) 39. 928,468 (111,460) 2,777 76,709 896,494 170
40. (a) i ii i i 960 960 91,087 93,899 3,800 1,785 840 840 64 142 171
40. (a) (i) (ii) (1) 250,000,000 (2) 200,000,000 (3) 8,000,000,000 (4) 70,000,000 19 1,366,725,000 1,639,050,000 51,242,000 72,512,000 172
40. (b) 12,370,000 12,370,000 3,043,000 3,216,000 230,000 230,000 52,000 59,000 (c) 40(a) 40(b) 100% 99% 97% 100% 99% 98% (d) 7,202 7,390 141 180 7,343 7,570 173
41. (a) SCG Investment (BVI) Limited 100,000 100% 100% 1 100% 100% Dunley Developments Limited 1 100% 100% Durali Developments Limited 1 100% 100% 2 100% 100% Grand Phoenix Limited 1 100% 100% Jeckman Holdings Limited 100 100% 100% 2 100% 100% 2 100% 100% 1,000,000 100% 100% 1,000 2,000,000 100% (c) 100% (c) 174
41. (a) 20 100% 100% 20 100% 100% SCG Financial Investment Limited 1,000 100% 100% 2 100% 100% (b) 162,000,000 75% 75% Strenbeech Limited 147,000,008 100% 100% 975,000 210,000 100% (c) 100% (c) Upper Nice Assets Ltd. 1 100% 100% Valuework Investment Holdings Limited 100 100% 100% Ecko Investment Company Limited* (b) 11,700,000 100% 100% * 175
41. (a) (b) (c) % % 25 25 8,891 442 297,111 264,693 429 368 297,540 265,061 176
41. 75% 75% 25% 1,143,854 934,769 1,097,739 1,198,624 (649,472) (543,452) (403,677) (531,167) 891,333 794,081 297,111 264,693 107,387 102,711 (463) 1,049 672 (44,055) (72,031) (57,938) 35,565 1,767 177
41. 26,674 1,325 8,891 442 35,565 1,767 70,582 (49,722) 23,527 (16,574) 94,109 (66,296) 97,256 (48,397) 32,418 (16,132) 129,674 (64,529) 165,775 176,022 11,583 88,101 (119,030) (469,071) 58,328 (204,948) 178
42. 70,000,000 179
43. 353,385 353,385 487,765 464,538 841,150 817,923 194 194 79 84 273 278 102 102 32,078 32,070 32,180 32,172 (31,907) (31,894) 809,243 786,029 26,722 26,722 782,521 759,307 809,243 786,029 180
43. 487,765,000 464,538,000 564,648,000 564,648,000 23,227,000 22,121,000 45,348,000 22,121,000 604,068 113,441 28,081 2,892 748,482 (584) 584 10,825 10,825 604,068 113,441 27,497 14,301 759,307 (17,243) 17,243 23,214 23,214 604,068 113,441 10,254 54,758 782,521 181
1. 88 8 15 55 4 3 283 100% 2. 1 23 925 7 100% 3. Q 1612 100% 4. A35 100% 5. 4001 23 23E 23H 75% 1. 4001 23 23A 23E 75% 182
48,754 48,616 60,276 106,578 109,512 (31,431) (23,992) (32,962) (61,130) (50,380) 17,323 24,624 27,314 45,448 59,132 6,608 7,987 5,496 11,451 4,400 (517) (697) (1,955) (672) (993) (32,156) (34,877) (41,281) (33,248) (40,530) 274 (81,723) (44,055) 672 (43,019) (9,626) 3,600 2,400 12,455 4,670 10,781 561 635 (2,005) 806 67 (345) (370) (613) (264) (2,445) 13,720 12,994 4,483 (25,349) (11,947) 8,794 12,696 (77,829) (84,232) 9,785 (2,173) (2,141) 11,619 2,564 (12,206) 6,621 10,555 (66,210) (81,668) (2,421) (94) (433) (272) (304) 6,527 10,122 (66,482) (81,972) (2,421) 6,550 10,165 (55,244) (82,375) (11,332) (23) (43) (11,238) 403 8,911 6,527 10,122 (66,482) (81,972) (2,421) 183
1,353,950 1,378,534 3,331,552 2,524,472 2,630,955 (487,155) (498,361) (1,695,526) (1,061,140) (1,051,498) 866,795 880,173 1,636,026 1,463,332 1,579,457 866,038 879,477 1,354,580 1,198,271 1,281,917 757 696 281,446 265,061 297,540 866,795 880,173 1,636,026 1,463,332 1,579,457 184