: 1198 2O16
2 3 4 6 19 22 31 36 37 38 40 41 43 104 01
Donald H. Straszheim Donald H. Straszheim Donald H. Straszheim Donald H. Straszheim Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, George Town Grand Cayman KY1-1110 Cayman Islands 183 22 Century Yard, Cricket Square Hutchins Drive P.O. Box 2681 GT Grand Cayman Cayman Islands British West Indies 66 6 607 1198 (852) 2636-6648 info@chitaly.com.hk 02
CCTV1 CCTV2 CCTV13 03
183 22 727.6 659.7 10.3% 43.2 97.5 23.0%89.5 116.2 32.4% 75.5 111.8 15.7% 20.1 23.8 43.2 97.5 16.7% 11.528.2% 16LED 2016 04
221 7.4% 86.2 93.1 87.9 62.2 103.5 89.8 319.8 450.6 65.4 38.1 32.0% 35.0% 75.6% 0.85 0.89 87.9 62.2 05
A. 14 14 B. 10 C. (a) (b) (c) (d) 06
Donald H. Straszheim 19 21 A.2.1 07
14 7/7 7/7 6/7 4/7 1/7 Donald H. Straszheim 7/7 2/2 3/3 2/2 7/7 2/2 3/3 2/2 7/7 2/2 3/3 2/2 A.4.1 Donald H. Straszheim 3.13 08
A.6.5 09
Donald H. Straszheim Donald H. Straszheim 3.13 10
15 D. Donald H. Straszheim 1. 2. 3. 11
8 (a) (b) (c) Donald H. Straszheim 8 8 12
(a) (b) (c) (d) 1. 2. 3. 4. 13
(a) (b) (c) Donald H. Straszheim 8 (a) (b) (c) 14
(a) (b) (c) (d) E. 31 35 15
1,680,000 1,680,000 175,000 F. (a) (b) (c) (d) (e) (f) 16
(a) (2) (21) (b) (c) 17
G. info@chitaly.com.hk (852) 2636-6648 66 6 607 18
62 27 46 33 (Hong Kong Furniture Association) 4515 8101 45 19
Donald H. STRASZHEIM 75Evercore ISI Evercore ISI (Purdue University Straszheim Global Advisors, Inc. Straszheim(Merrill Lynch and Co.) Roth Capital Partners Wharton EconometricsWeyerhaeuser Company 7235 997 1682509 8428035 55 841 956 20
50 24 8276 1673 44 21
1 36 103 104 13 29 30 22
39 31 19,900,000 9%2% 14%4% 5% 23
38 Donald H. Straszheim 87 Donald H. Straszheim 24
19 21 8622 11 7832 161 3.13 35 25
XV 352 d (a) 105,183,769 395,609,042 21,329,000 522,121,811 29.63 (b) 2,119,317 18,000,000 20,119,317 1.14 (c) 1,511,579 34,959 15,000,000 16,546,538 0.94 Donald H. Straszheim 5,263,547 5,263,547 0.30 5,260,000 5,260,000 0.30 5,260,000 5,260,000 0.30 (a) 105,183,769 395,609,042 185,840,120 Crisana International Inc. Crisana 209,768,922Charming Future Holdings LimitedCharming Future 395,609,042 (b) 2,119,317 (c) 36,5381,57934,959World Partner Development Limited 1,510,000 (d) 30 352 26
30 * Donald H. Straszheim 1,263,547 1,263,547 20/7/2009 20/7/2010 19/7/2019 0.410 4,000,000 4,000,000 22/6/2016 22/6/2017 21/6/2026 0.320 1,263,547 4,000,000 5,263,547 630,000 630,000 2/1/2013 2/1/2014 1/1/2023 0.790 630,000 630,000 2/1/2013 2/1/2015 1/1/2023 0.790 4,000,000 4,000,000 22/6/2016 22/6/2017 21/6/2026 0.320 1,260,000 4,000,000 5,260,000 3,164,500 3,164,500 2/1/2013 2/1/2014 1/1/2023 0.790 3,164,500 3,164,500 2/1/2013 2/1/2015 1/1/2023 0.790 15,000,000 15,000,000 22/6/2016 22/6/2017 21/6/2026 0.320 6,329,000 15,000,000 21,329,000 630,000 630,000 2/1/2013 2/1/2014 1/1/2023 0.790 630,000 630,000 2/1/2013 2/1/2015 1/1/2023 0.790 4,000,000 4,000,000 22/6/2016 22/6/2017 21/6/2026 0.320 1,260,000 4,000,000 5,260,000 3,000,000 3,000,000 17/4/2014 17/4/2015 16/4/2024 0.372 15,000,000 15,000,000 22/6/2016 22/6/2017 21/6/2026 0.320 3,000,000 15,000,000 18,000,000 15,000,000 15,000,000 22/6/2016 22/6/2017 21/6/2026 0.320 # 2,250,000 2,250,000 2/1/2013 2/1/2014 1/1/2023 0.790 2,250,000 2,250,000 2/1/2013 2/1/2015 1/1/2023 0.790 8,000,000 8,000,000 22/6/2016 22/6/2017 21/6/2026 0.320 4,500,000 8,000,000 12,500,000 27
* 6,128,202 4,492,611 12,625,500 12,625,500 6,128,202 4,492,611 12,625,500 12,625,500 20/7/2009 7/9/2012 2/1/2013 2/1/2013 20/7/2010 19/7/2019 7/9/2013 6/9/2022 2/1/2014 1/1/2023 2/1/2015 1/1/2023 4,000,000 4,000,000 22/6/2016 22/6/2017 21/6/2026 0.320 0.410 0.730 0.790 0.790 53,484,360 69,000,000 122,484,360 * # 336 5% Crisana (a) 185,840,120 10.54% Charming Future (b) 209,768,922 11.90% Great Diamond Developments Limited (c) 213,040,000 12.09% (a) Crisana (b) Charming Future (c) Great Diamond Developments Limited35% 25% 20% 20% )336 28
25% 2,5612,373 122,484,360 8 100,000 500,000 1 500,000 1,000,000 1 1,000,000 1,500,000 2 6 18 3.21 29
30
Ernst & Young 22/F, CITIC Tower 1 Tim Mei Avenue Central, Hong Kong 1 22 Tel : +852 2846 9888 Fax : +852 2868 4432 ey.com 36 103 31
221 20 3 1,006 49% 3 13 32
103 114 3 10 33
34
35
5 727,638 659,698 (522,645) (549,739) 204,993 109,959 5 11,411 30,385 (89,501) (116,169) (75,491) (111,752) 7 (20,093) (23,822) 18 (767) 6 (2,311) (658) 6 (6,184) 6 22,824 (112,824) 10 11,669 328 34,493 (112,496) 43,204 (97,463) (8,711) (15,033) 34,493 (112,496) 12 2.45 (6.08) 36
34,493 (112,496) 19 421 19 (421) (173) (421) 248 (90,450) (63,347) (90,871) (63,099) 111,621 (27,906) 83,715 83,715 (7,156) (63,099) 27,337 (175,595) 14,439 (157,212) 12,898 (18,383) 27,337 (175,595) 37
13 1,006,092 1,293,665 14 398,483 15 74,036 189,255 16 67,730 67,730 17 2,478 1,025 18 6,408 1,548,819 1,558,083 20 221,099 221,039 21 34,465 21,753 19 3,215 24,285 23 39,737 48,444 22 86,158 93,073 23 103,516 89,831 488,190 498,425 24 107,450 75,096 25 137,502 120,679 27 228,132 250,692 103,039 114,146 576,123 560,613 (87,933) (62,188) 1,460,886 1,495,895 38
1,460,886 1,495,895 26 15,833 27 91,709 199,912 32 37,565 38,139 35(c) 12,000 28 56,371 30,304 48,949 54,201 262,427 322,556 1,198,459 1,173,339 29 176,238 176,238 31 948,829 929,573 1,125,067 1,105,811 73,392 67,528 1,198,459 1,173,339 39
139,338 814,404 23,801 123,960 173 7,516 177,547 (126,865) 1,159,874 90,229 1,250,103 (97,463) (97,463) (15,033) (112,496) 19 421 421 421 19 (173) (173) (173) (59,997) (59,997) (3,350) (63,347) 248 (59,997) (97,463) (157,212) (18,383) (175,595) 29 27,800 38,920 66,720 66,720 29 (1,322) (1,322) (1,322) 29 9,100 37,492 (12,740) 33,852 33,852 30 3,899 3,899 3,899 (890) 890 (4,318) (4,318) (33,423) 33,423 721 (721) 176,238 889,494 14,070 90,537 421 8,237 117,550 (190,736) 1,105,811 67,528 1,173,339 176,238 889,494 14,070 90,537 421 8,237 117,550 (190,736) 1,105,811 67,528 1,173,339 43,204 43,204 (8,711) 34,493 19 (421) (421) (421) (85,505) (85,505) (4,945) (90,450) 57,161 # 57,161 26,554 83,715 57,161 (421) (85,505) 43,204 14,439 12,898 27,337 30 4,817 4,817 4,817 (7,034) (7,034) (5,459) 5,459 298 (298) 176,238 889,494* 18,887* 142,239* 8,535* 32,045* (142,371)* 1,125,067 73,392 1,198,459 # * 948,829,000 929,573,000 40
22,824 (112,824) 7 20,093 23,822 18 767 5 (94) (281) 5 (126) (21,172) 5 (866) (208) 6 60,346 68,109 6 4,412 4,711 6 540 421 6 1,840 (4,368) 6 2,311 658 6 4,817 3,899 6 6,184 122,281 (36,466) (21,148) 57,959 (16,524) 2,912 (10,025) (35,705) 31,697 (486) 10,287 (37,743) 116,568 (49,529) (649) (234) 115,919 (49,763) 41
115,919 (49,763) 94 281 13 (23,291) (69,459) 17 (2,059) (589) (3,215) (23,864) 688 77,378 5,365 (40,949) 23,611 27,602 1,193 (29,600) 29 100,572 29 (1,322) 26 15,290 220,017 317,510 (321,141) (345,440) 12,000 548 (17,331) (20,433) (7,034) (4,318) (98,199) 47,117 18,913 (32,246) 89,831 128,355 (5,228) (6,278) 103,516 89,831 23 103,516 89,831 42
1. Century Yard, Cricket Square Hutchins Drive, Grand Cayman, the Cayman Islands Crisana International Inc. Charming Future Holdings Limited Chitaly (BVI) Limited 1,000 100 10,000 100 10,000 100 * 5,700,000 * 50,800,000 100 100 Hong Kong Wong Chiu Furniture Holding Limited 1 100 * 65,000,000 100 Realink Investment Group Limited 1 100 Sinofull Macao Commercial offshore Limited 10,000 100 43
1. 2,000,000 50** Beauty City Holdings Limited 1 100 * 15,000,000 * 20,000,000 100 100 2,000,000 65 150,000,000 55 Guangzhou Royal Furniture Company Limited* 10,000,000 100 * ** 2.1 44
2.1 34,493,000 112,496,000 87,933,000 62,188,000 a) b) c) (a) (b) (c) 45
2.1 (i)(ii) (iii) (i)(ii) (iii) 2.2 10 12 28 11 14 1 16 38 16 41 27 46
2.2 10 12 28 1114 16 4127 (a) 1 (i) 1 (ii) (iii) (iv) (b) 16 38 16 38 2.3 2 2 4 9 4 2 9 2 10 4 28 15 2 15 15 2 16 3 7 1 12 1 1 2 3 4 47
2.3 2 9 39 9 9 9 9 (a) 9 (b) 9 9 9 48
2.3 10 2810 28 10 28 1515 15 15 15 15 15 16174 15 27 40 1617 17 1616 49
2.3 7 12 2.4 20% 5 50
2.4 51
2.4 52
2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 53
2.4 5 5% 20% 33% 10% 20% 20% 54
2.4 55
2.4 56
2.4 57
2.4 (a) (b) (a)(b) 58
2.4 59
2.4 39 60
2.4 61
2.4 62
2.4 (a) (b) (c) (d) 63
2.4 30 64
2.4 5% 65
2.4 3. 66
3. 10 67,730,000 67,730,000 16 67
3. 5% 10% 28 398,483,000 14 1,840,000 4,368,000 55,802,000 53,962,000 2,311,000 658,000 10,819,000 9,095,000 21 68
3. 30 (a) (b) (c) 13 69
4. 10% 5. 727,638 659,698 94 281 126 21,172 866 208 1,511 7,529 1,837 1,195 6,977 11,411 30,385 70
6. 520,805 554,107 13 60,346 68,109 15 4,412 4,711 * 17 540 421 * 9,887 5,171 23,752 51,529 1,680 1,855 8 135,188 139,590 30 4,817 3,899 8,246 11,789 148,251 155,278 ** 1,840 (4,368) 21 2,311 658 ## (94) (281) ## (126) (21,172) ### 6,184 * ** ## ### 71
7. 26 543 15,003 15,008 32 2,762 2,038 1,785 6,776 20,093 23,822 8. 383(1)(a) (b) (c) (f)2 1,941 1,880 6,165 4,289 3,978 164 9 12,084 6,342 30 72
8. 300 2,850 1,047 4,197 25 75 100 * 275 1,080 1,355 * 250 1,020 1,047 2,317 300 1,140 1,047 2,487 1,150 6,165 3,141 10,456 Donald H. Straszheim 311 279 590 240 279 519 240 279 519 791 837 1,628 1,941 6,165 3,978 12,084 * 73
8. 300 1,950 2,250 129 599 9 737 300 975 1,275 300 765 123 1,188 1,029 4,289 123 9 5,450 60 41 101 Donald H. Straszheim 311 311 240 240 240 240 791 791 1,880 4,289 164 9 6,342 9. 8 440 492 559 999 492 1,000,000 1 1 74
10. 7,624 1,511 (17,454) 28 (1,839) (1,839) (11,669) (328) % % 22,824 (112,824) 25%25% 5,706 25.0 (28,206) 25.0 (13,718) (60.1) 11,201 (9.9) 192 (0.2) (17,454) (76.5) (5,293) 4.7 3,494 15.3 3,085 (2.7) 11,496 50.4 18,802 (16.7) (1,193) (5.2) (109) 0.1 (11,669) (51.1) (328) 0.3 305,190,000 280,421,000 58/99/M 58/99/M 58/99/M Sinofull Macau Commercial Offshore Limited Sinofull 58/99/M 75
11. 12. 1,762,377,0171,604,264,688 43,204 (97,463) 1,762,377,017 1,604,264,688 76
13. 628,909 33,277 177,258 65,538 22,094 679,759 1,606,835 (99,871) (22,887) (132,144) (42,124) (16,144) (313,170) 529,038 10,390 45,114 23,414 5,950 679,759 1,293,665 529,038 10,390 45,114 23,414 5,950 679,759 1,293,665 4,881 6,649 3,430 4,312 673 18,876 38,821 52,557 29,091 81,648 14 (193,117) 3,003 (77,802) (267,916) (344) (80) (104) (34) (562) (30,442) (7,142) (12,969) (8,284) (1,509) (60,346) (29,893) (435) (3,309) (1,073) (222) (44,286) (79,218) 333,024 9,118 35,189 18,265 4,858 605,638 1,006,092 433,880 35,255 167,669 64,334 21,402 605,638 1,328,178 (100,856) (26,137) (132,480) (46,069) (16,544) (322,086) 333,024 9,118 35,189 18,265 4,858 605,638 1,006,092 35,255 167,669 64,334 21,402 605,638 894,298 433,880 433,880 433,880 35,255 167,669 64,334 21,402 605,638 1,328,178 77
13. 701,691 104,607 189,018 61,561 24,012 659,816 1,740,705 (68,112) (76,262) (138,047) (35,123) (16,008) (333,552) 633,579 28,345 50,971 26,438 8,004 659,816 1,407,153 633,579 28,345 50,971 26,438 8,004 659,816 1,407,153 1,030 9,163 8,281 743 50,242 69,459 990 749 (1,739) (46,402) (7,283) (1,902) (131) (461) (27) (56,206) (34,807) (10,205) (10,927) (10,117) (2,053) (68,109) (23,332) (2,487) (2,940) (1,057) (283) (28,533) (58,632) 529,038 10,390 45,114 23,414 5,950 679,759 1,293,665 628,909 33,277 177,258 65,538 22,094 679,759 1,606,835 (99,871) (22,887) (132,144) (42,124) (16,144) (313,170) 529,038 10,390 45,114 23,414 5,950 679,759 1,293,665 33,277 177,258 65,538 22,094 679,759 977,926 628,909 628,909 628,909 33,277 177,258 65,538 22,094 679,759 1,606,835 224,941,000 289,546,000 473,935,000 500,866,000 27 78
14. 13 267,916 15 130,567 398,483 33 398,483 398,483 79
14. 398,483 398,483 6.5 15.5 3% 8% 100% 6% 7% 80
14. 15. 193,966 207,840 (4,412) (4,711) 29,973 14 (130,567) (12,755) (9,163) 76,205 193,966 (2,169) (4,711) 74,036 189,255 51,744,000 61,242,000 27 81
16. 307,213 307,213 (239,483) (239,483) 67,730 67,730 307,213 307,213 (239,483) (239,483) 67,730 67,730 17%3% 82
17. 9,921 9,768 (8,896) (8,871) 1,025 897 1,025 897 2,059 589 (540) (421) (66) (40) 2,478 1,025 11,341 9,921 (8,863) (8,896) 2,478 1,025 18. 2,054 (1,466) 6,931 7,519 14,764 (15,875) 6,408 6,184,000 83
19. 3,215 24,285 421,000 421,000 173,000 27 20. 52,081 57,731 39,632 40,418 129,386 122,890 221,099 221,039 21. 45,284 30,848 (10,819) (9,095) 34,465 21,753 30 90 84
21. 28,490 16,533 446 1,140 5,473 3,834 56 246 34,465 21,753 9,095 8,831 2,311 658 (587) (394) 10,819 9,095 28,936 17,673 5,529 4,080 34,465 21,753 621,000 85
22. 55,565 60,338 30,593 32,735 86,158 93,073. 23. 103,516 89,831 39,737 48,444 143,253 138,275 27 (39,737) (48,444) 103,516 89,831 78,267,000 81,926,000 86
24. 60,598 43,109 28,336 20,682 13,807 8,650 2,026 953 2,683 1,702 107,450 75,096 3 2 25. 39,080 40,149 88,645 69,612 9,777 10,918 137,502 120,679 26. 10,000,000 420,000,000 0.1% 8.14% 8.86% 87
26. 15,290 543 15,833 27. (%) (%) 1.7+ 5.66 205,529 1.7+ 6.15 223,845 5.40 22,603 7.04 26,847 228,132 250,692 5.40 37,672 7.04 72,486 5 10 54,037 5 10 127,426 91,709 199,912 319,841 450,604 88
27. 228,132 250,692 30,137 26,176 7,535 46,310 265,804 323,178 54,037 127,426 319,841 450,604 (i) (a) 224,941,000 289,546,000 473,935,000 500,866,00013 (b) 51,744,000 61,242,000 15 (c) 39,737,000 48,444,00023 (d) 24,285,00019 (ii) 93,480,000 226,361,000, 89
28. 36,658 777 37,435 (5,292) (5,292) 10 (1,821) (18) (1,839) 29,545 759 30,304 7,494 20,412 27,906 10 (1,821) (18) (1,839) 7,494 48,136 741 56,371 4,741,000 1,765,000 474,000 177,000 90
29. 2,000,000,0002,000,000,000 0.10 200,000 200,000 1,762,377,0171,762,377,017 0.10 176,238 176,238 1,393,377,017 139,338 814,404 953,742 (a) 278,000,000 27,800 38,920 66,720 (1,322) (1,322) (b) 91,000,000 9,100 37,492 46,592 1,762,377,017 176,238 889,494 1,065,732 (a) 278,000,000 0.24 66,720,000 (b) 91,000,0000.372 91,000,000 33,852,00012,740,000 91
30. 10%10% 30% 1% 1 (i) (ii) (iii) 1 92
30. 0.71 53,484 0.50 146,748 0.32 69,000 0.37 (91,000) 0.95 (2,264) 0.49 122,484 0.71 53,484 0.49 0.71 7,391 0.41 4,493 0.73 19,300 0.79 19,300 0.79 3,000 0.372 69,000 0.32 122,484 93
30. 7,391 0.41 4,493 0.73 19,300 0.79 19,300 0.79 3,000 0.372 53,484 9,110,0000.13 4,817,000 3,899,000 (%) (%) 65 (%) 65 (%) 0.59 0.66 2 0.32 122,484,360 122,484,36012,248,000 45,974,000 122,484,360 6.95% 70,337,701139,337,701 3.99% 7.91% 94
31. 40 32. 6.15% 2,762,000 2,038,000 33. (a) 14 17,045 73,046 115,033 205,124 (b) 12,890 15,410 12,397 24,087 1,581 4,196 26,868 43,693 95
34. 33 10,000 10,000 35. (a) (i) 1,703 (i) (b) 8,106 6,169 3,978 164 9 12,084 6,342 8 (c) 12,000 12,000,000 96
36. 34,465 34,465 3,215 3,215 22 30,593 30,593 39,737 39,737 103,516 103,516 208,311 3,215 211,526 21,753 21,753 24,285 24,285 22 32,735 32,735 48,444 48,444 89,831 89,831 192,763 24,285 217,048 107,450 75,096 79,799 63,343 15,833 319,841 450,604 37,565 38,139 12,000 572,488 627,182 97
37. 38. (i) * 25 (269) (25) 269 98
38. (i) * 25 (181) (25) 181 * (ii) 4.6% 4.7% 100% 100% (iii) 21 99
38. (iv) ` 107,450 107,450 79,799 79,799 439,740 439,740 240,713 95,655 336,368 41,531 41,531 12,000 12,000 427,962 588,926 1,016,888 75,096 75,096 63,343 63,343 291,100 215,600 506,700 44,395 44,395 429,539 259,995 689,534 100
38. (v) 107,450 75,096 137,502 120,679 15,833 319,841 450,604 37,565 38,139 12,000 (103,516) (89,831) 526,675 594,687 1,125,067 1,105,811 1,651,742 1,700,498 32% 35% 101
39. 1,160,291 1,152,461 284 223 181 27 465 250 5,221 2,100 5,221 2,100 (4,756) (1,850) 1,155,535 1,150,611 15,833 40,000 40,000 55,833 40,000 1,099,702 1,110,611 176,238 176,238 923,464 934,373 1,099,702 1,110,611 102
39. * ** 814,404 45,144 23,801 (2,822) 880,527 (12,403) (12,403) 3,899 3,899 38,920 38,920 (1,322) (1,322) 37,492 (12,740) 24,752 (890) 890 889,494 45,144 14,070 (14,335) 934,373 (10,908) (10,908) 4,817 4,817 889,494 45,144 18,887 (25,243) 928,282 * ** 2.4 40. 103
) 727,638 659,698 918,154 994,032 1,063,736 204,993 109,959 165,149 96,466 310,361 22,824 (112,824) (162,817) (465,640) 33,909 11,669 328 (224) (4,475) (8,895) 34,493 (112,496) (163,041) (470,115) 25,014 43,204 (97,463) (151,646) (455,793) 21,629 (8,711) (15,033) (11,395) (14,322) 3,385 34,493 (112,496) (163,041) (470,115) 25,014 2,037,009 2,056,508 2,230,159 2,425,852 2,778,375 (838,550) (883,169) (980,056) (980,217) (1,002,295) (73,392) (67,528) (90,229) (104,430) (114,896) 1,125,067 1,105,811 1,159,874 1,341,205 1,661,184 104