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Transcription:

: 1836 2014

02 03 04 06 08 12 24 34 76 82 93 95 96 97 98 100 154 155

02

Clarks Deckers ECCO Rockport Timberland Wolverine Cole Haan Guess Jones Group Kenneth Cole Tory Burch Michael Kors Alejandro Ingelmo Alexander Wang Armani Bally Balmain Brian Atwood Givenchy Kenzo Marc by Marc Jacobs Marciano Miu Miu Paul Smith Phillip Lim Prada Sigerson Morrison Via Spiga Y3 Stella Luna What For JKJY by Stella Pierre Balmain 03

2013 What For 2014 2012 Stella Luna 2012 1999 2010 2011 JKJY 1998 1991 04

2009 Dubai Mall Stella Luna 2006 Stella Luna 2007 What For 2004 1995 Clarks Rockport Timberland Wolverine 1982 05

7.9% 1,663,100,000 2014 2013 2012 2011 2010 1,663,091 1,541,470 1,550,003 1,494,531 1,293,521 2009 1,008,598 2014 2013 120,701 122,656 2012 2011 142,988 153,403 2010 2009 102,168 121,408 06

2014 6.5% 2.3% 14.0% 51.7% 25.5% 10.3% 6.0% 21.5% 40.0% 22.2% 2014 07

10

11

14

Stella Luna What For JKJY by Stella Pierre Balmain 7.9% 1,663,100,000 1,541,500,000 4.5% 53,100,000 50,800,000 4.6% 29.6 28.3 40.0% 37.5% 22.2% 24.5% 21.5% 20.0% 10.3% 10.1% 51.7% 25.5% 14.0% 6.5% 2.3% 15

28.1% 58,200,000 81,000,000 5,100,000 17.7% 99,800,000 121,200,000 6% 15.7% 71,700,000 85,100,000 1.2% 348,800,000 353,100,000 21.0% 22.9% 1.6% 120,700,000 122,700,000 72,800,000 168,100,000 81,700,000 97,300,000 4.5% 10.3% 16

74.4% 2.5% 197,100,000 17

202 49 66 25 31 71 92 22 41 75 31 36 28 24 42 5 13 39 18 29 OEM 18

What For Stella Luna JKJY by Stella 17 Stella Luna 16 What For 10 JKJY by Stella 1 Pierre JKJY Pierre Balmain Stella Luna What For by Stella Balmain 44 8 0 0 28 12 0 0 34 30 2 1 21 8 0 0 33 14 2 0 16 7 0 0 4 0 0 0 180 79 4 1 4 24 0 0 2 1 1 0 7 4 1 0 2 2 0 0 9 6 0 0 4 1 0 0 208 117 6 1 19

http://www.stellalunafashion.eu/ Stella Luna What For JKJY by Stella 28 Boulevard Saint-Germain Rue Saint-Honoré Galeries Lafayette Le Printemps Stella Luna Anthony Vaccarello Charlotte Gainsbourg Ciara Harris Rosie Huntington-Whiteley What For Stella Luna 1,700 6,000 What For JKJY by Stella 900 2,300 1,700 3,300 VIPLUX Stella Luna JKJY by Stella Pierre Balmain Stella Luna What For 20

21

Stella Luna What For 70% 174,500,000 278,000,000 37.2% 72,800,000 168,100,000 22

23 83,000 77,000 91,300,000 64,600,000 41.3% 81,700,000 97,200,000 77,100,000 4,600,000 56.7% 91,300,000 97,600,000 792,800,000 826,500,000 233,800,000 253,000,000 3.4 97,600,000 107,700,000

ESH 26

16 27

2014-17 2014 2015 DNA 2016 2017 20% 28

190 170 17 15 30 27 40.8 15.5 10% 29

2,640 0.270.23 15% 90,574 LED 762 28,160 30

83,000 31

500,000 32

ESH 33

36

(1) (2) 4 Rs 4 Rs 1. 2. 3. 4. 5. 37

B.1.5 E.1.2B.1.5 E.1.2 A. A.1 38

A.1.1 1/6 5/6 6/6 4/6 6/6 Bolliger Peter 5/6 BBS 6/6 5/6 A.1.2 A.1.3 14 14 39

A.1.4 A.1.5 A.1.6 A.1.7 A.1.8 40

A.2 41

A.2.1 A.2.2 A.2.3 A.2.4 A.2.5 42

A.2.6 A.2.7 A.2.8 A.2.9 E 43

A.3 1. 2. 3. 4. 44

1. 2. 3. 1. 2. A.3.1 A.3.2 45

A.4 A.4.1 A.4.2 A.4.3 46

A.5 A.5.1 BBS Bolliger Peter 2/2 BBS 2/2 2/2 Bolliger Peter 2/2 (i) (ii) (iii) (iv) (v) 47

A.5.2 A.5.3 A.5.4 A.5.5 A.5.6 A.3 48

A.6 A.6.1 49

A.6.2 (a) (b) (c) (d) A.6.3 A.6.4 50

A.6.5 A.6.1 A, B, C A, B, C A, B, C A, B, C Bolliger Peter BBS A, B, C A, B, C A, B, C A, B, C A B C 51

A.6.6 A.6.7 A.6.8 A.1.1 A.6.2 A.6.3 A.6.2 A.6.3 52

A.7 A.7.1 A.7.2 A.7.3 A.7.1 A.7.2 53

B. B.1 BBS BBS BBS 2/2 2/2 1/2 54

(i) (ii) (iii) (iv) BBS B.1.1 (i) (ii) (iii) 55

B.1.2 (a) (b) (c) (i) (ii) (d) (e) 56

(f) (g) (h) B.1.3 B.1.4 B.1.5 57

B.1.6 B.1.7 B.1.8 80.8% B.1.9 (i) (ii) (iii) (iv) (v) (vi) 58

C. C.1 C.1.1 C.1.2 3.08 13 59

C.1.3 75 93 60

C.1.4 C.1.5 C.1.6 45 C.1.7 C.1.6 61

C.2 C.2.1 COSO 62

C.2.2 C.2.3 C.2.3 (a) (b) (c) (d) (e) 63

C.2.4 C.2.1 (a) (b) (c) (d) (e) C.2.5 C.2.6 C.2.1 64

C.3 BBS 3/3 3/3 BBS 3/3 (i) (ii) (iii) (iv) (v) (vi) (vii) 497,000 93,000 65

C.3.1 C.3.2 (a) (b) C.3.3 (a) (b) (c) C.3.4 C.3.5 66

C.3.6 (i) (ii) (iii) C.3.7 (a) (b) C.3.7 C.3.8 67

D. D.1 A.1 D.1.1 D.1.2 D.1.3 D.1.4 A.1 68

D.2 D.2.1 D.2.2 D.3 Bolliger Peter BBS Bolliger Peter Bolliger Peter 2/2 2/2 BBS 2/2 (i) (ii) (iii) (iv) (v) 69

D.3.1 D.3.1 (a) (b) (c) (d) (e) D.3.2 D.3.1 D.3.1 70

E. E.1 (a) 58 (b) (i) 2530 3003-04(ii) stella@stella.com.hk (iii) (c) (i) 88 13.51(2) 2530 3003-04 71

(ii) 2530 3003-04 E.1.1 E.1.1 (i) (ii) (iii) (iv) (v) (vi) 10% 10% 72

E.1.2 A.2 0/1 0/1 1/1 0/1 E.1.3 20 10 1/1 Bolliger Peter 0/1 BBS 1/1 1/1 20 73

E.1.4 (a) (b) (c) (d) (e) (f) (g) E.2 E.2.1 74

F. F.1.1 F.1.2 F.1.3 F.1.4 75

64 32 Cordwalner Bonaventure Inc. 63 33 Cordwalner Bonaventure Inc. 54 30 Cordwalner Bonaventure Inc.Cordwalner Bonaventure Inc. 43 20 Cordwalner Bonaventure Inc. 78

55 1336 8032 BOLLIGER Peter 70 Bolliger Harrods House of Fraser PlcKurt Geiger A & D Spitz (Pty) Ltd. Bally Shoes Clarks GrandVision B.V. Bolliger 79

BBS 66 66 23 61 35 2897 1216 1736 3702 80

57 33 Cordwalner Bonaventure Inc. 5330 55 21 50 29 5828 57 University of Bath 46 2014 81

32 95 55 56,300,000 183 17 1712-1716 183 17 1712-1716 15 25 84

31 283,500,000 283,000,000 Bolliger Peter BBS 87(1)BBS 85

30(I) 14A 3.13 571 XVXV7 8 352 86

Bolliger Peter 150,000 150,000 0.02% 238,500 26,205,289 1 26,443,789 3.33% 150,000 21,921,870 2 22,071,870 2.78% 283,500 1,500,000 3 1,783,500 0.22% 331,500 28,551,674 4 28,883,174 3.64% 1. 2. 3. 1,500,000 4. XV78 352 87

336 XV23 Cordwalner Bonaventure Inc. 246,412,214 31.02% The Capital Group Companies, Inc. 95,074,000 11.97% Capital Research and Management Company 47,261,000 5.95% 336 XV23 88

(1) (2) (3) (i) (ii) (iii) 30%238,313,850 89

10%78,000,000 5% 10% 12 1% 12 (i) 0.1%(ii)5,000,000 90

2,445,500856 79 1,428,0001256 119 27,5001 122,500 19.4% 61.0% 30% 5% 91

92

95 153 93

94

7 1,663,091 1,541,471 (1,314,333) (1,188,329) 348,758 353,142 8 12,265 19,285 9 (4,754) 2,388 (92,691) (116,885) (75,133) (71,862) (52,644) (48,693) 351 206 (341) (237) 135,811 137,344 10 (15,566) (14,528) 11 120,245 122,816 (4,379) 1,497 115,866 124,313 120,701 122,656 (456) 160 120,245 122,816 116,362 124,092 (496) 221 115,866 124,313 14 0.152 0.155 95

15 356,556 313,004 16 20,201 18,716 17 7,556 7,858 9,325 20,406 393,638 359,984 18 215,688 177,750 19 363,378 324,132 19 1,833 2,238 16 624 571 20 36,840 43,872 22 42,876 29,299 23 131,601 248,705 792,840 826,567 24 176,626 201,934 20 1,283 56,775 49,784 21 368 233,769 253,001 559,071 573,566 952,709 933,550 25 10,160 10,160 941,693 922,635 951,853 932,795 856 755 952,709 933,550 95 153 96

1 2 3 10,160 154,503 45,427 1,146 (888) (2,729) 190 1,440 706,969 916,218 534 916,752 1,436 1,436 61 1,497 122,656 122,656 160 122,816 1,436 122,656 124,092 221 124,313 14 14 14 7 (4) (3) 13 (107,529) (107,529) (107,529) 10,160 154,503 45,427 1,146 548 (2,722) 190 1,450 722,093 932,795 755 933,550 (4,339) (4,339) (40) (4,379) 120,701 120,701 (456) 120,245 (4,339) 120,701 116,362 (496) 115,866 597 597 13 (97,304) (97,304) (97,304) 10,160 154,503 45,427 1,146 (3,791) (2,722) 190 1,450 745,490 951,853 856 952,709 (1) (i) Stella International LimitedStella International (ii) Stella International Marketing Company Limited (iii) Stella Luna Sol Limited (2) (i) Stella International Stella International 0.2% (ii) Cordwalner Bonaventure Inc.Cordwalner 3,150,000 Eagle Mate Capital LimitedCordwalner 1.17% (3) 1 14,870,500 1,487,000 190,00037(4) 12,795,000 12,985,000 97

135,811 137,344 39,638 35,438 3,794 1,928 (351) (206) 463 231 427 667 629 611 3,392 341 237 (3,519) (4,749) 14 180,625 171,515 (41,988) (1,333) (38,841) (22,332) (24,370) (1,201) (14,004) 21,591 5,749 20,265 67,171 188,505 (8,386) (5,933) 6,996 58,785 189,568 (77,393) (82,074) (2,540) (445) (1,816) (14,682) 282 6,420 609 3,519 4,749 (77,339) (86,032) 98

(341) (237) (97,304) (107,529) (97,645) (107,766) (116,199) (4,230) 248,705 252,039 (905) 896 131,601 248,705 99

1. 32 17 2. 10 12 27 32 36 39 21 100

2. 9 1 14 2 15 3 11 5 16 5 38 16 5 41 19 4 27 5 10 5 28 6 4 5 1 5 10 5 12 28 1 2 3 4 5 6 9 99 9 a)b) 101

2. 9 9 39 9 9 39 39 9 9 102

2. 27 939 9 28 27 28 101 27 3. 2 17 236 103

3. 104

3. 105

3. 39 36 36 106

3. 107

3. 108

3. 109

3. 110

3. 111

3. 112

3. 6c 60 113

3. 6 114

3. 4. 3 250,614,000212,600,000 2,636,000 115

4. 36,840,000 43,872,000 215,688,000 18,829,000 177,750,000 15,291,000 5. 116

6. 6a. 42,876 29,299 481,242 542,761 524,118 572,060 120,303 127,859 368 6b. 18,279,000 11,387,000 117

6. 6b. 38,478 39,258 61,067 53,649 3 3 134 15,859 1,742 976 2,932 1,754 747 885 17,891 2,307 2,077 2,459 4,596 2,754 113 96 2,551 2,802 5% 5% 5% 5% 5% 118

6. 6b. (847) (540) (40) (26) (754) (63) (94) (11) 2,024 (41) (1) (2) 16 18 40 162 25 5 255 25 5 244,00049,000464,000 93,000 119

6. 6b. 5% 1,534,000 1,099,000 5% 74,000 62%83% 79%91% 10 10 120

6. 6b. 0-30 31-90 90-365 79,017 36,700 4,586 120,303 120,303 20 20 20 348 348 348 368 368 368 0-30 31-90 90-365 80,812 38,045 9,002 127,859 127,859 121

6. 6c. (i) 1) 22,719,000 20,157,000 9,596,000 19,703,000 1 2) 3) 348,000 2 20,000 2 1 2 122

6. 6c. (ii) 1 2 42,876 42,876 42,876 42,876 (368) (368) (368) (368) 1 2 29,299 29,299 29,299 29,299 7. 8 1) 2) 3) 123

7. (a) 529,685 1,033,609 99,797 1,663,091 1,663,091 679 21,568 22,247 (22,247) 530,364 1,055,177 99,797 1,685,338 (22,247) 1,663,091 72,984 177,123 (4,587) 245,520 245,520 3,359 1,265 1,557 4,234 (52,644) (66,600) (427) (463) (341) 351 135,811 124

7. (a) 464,158 956,085 121,228 1,541,471 1,541,471 1,160 28,164 29,324 (29,324) 465,318 984,249 121,228 1,570,795 (29,324) 1,541,471 68,001 156,220 1,035 225,256 225,256 4,630 1,226 1,088 10,222 (48,693) (55,456) (667) (231) (237) 206 137,344 125

7. (a) 3 377,124 376,187 437,139 437,026 90,893 92,725 905,156 905,938 281,322 280,613 1,186,478 1,186,551 83,492 90,481 73,799 86,095 15,912 15,682 173,203 192,258 60,566 60,743 233,769 253,001 126

7. (a) 28,614 54,829 6,479 89,922 14,185 22,385 3,068 39,638 128 381 3,285 3,794 7,069 487 7,556 67 284 351 7,262 6,910 1,394 15,566 127

7. (a) 22,380 74,877 6,680 103,937 12,112 21,373 1,953 35,438 280 365 1,283 1,928 7,002 856 7,858 10 196 206 6,484 6,408 1,636 14,528 (b) 528,869 464,159 1,134,222 1,077,312 1,663,091 1,541,471 128

7. (c) 799,690 722,816 232,067 261,719 377,970 346,062 149,193 149,407 58,725 73,817 54,967 55,352 90 130 45,583 33,765 45,507 34,944 37,557 17,009 33,483 30,342 31,460 23,536 174,859 138,764 15,578 13,792 1,663,091 1,541,471 393,638 359,984 (d) 10% A 1 304,464 250,817 B 1 226,826 222,162 1 129

8. 3,519 4,749 1,265 1,226 1,557 1,088 5,924 12,222 12,265 19,285 9. (3,392) (472) 3,286 (427) (667) (463) (231) (4,754) 2,388 10. 15,457 14,416 5 25 104 87 15,566 14,528 16.5% 130

10. 25% 58/99/M212 SIT 2,498,000 135,811 137,344 25% 25% 33,953 34,336 17,037 8,926 (2,443) (4,493) (88) (52) SIT (32,497) (23,976) (396) (213) 15,566 14,528 131

10. 54,280,000 6,996,000 54,280,000 6,996,000 11. 12 2,437 2,509 337,051 306,975 14 315 280 339,803 309,778 497 458 3,794,000 1,928,000 1,314,333 1,188,329 39,638 35,438 629 611 196 96 132

12. Peter BOLLIGER 39 39 39 39 52 52 52 52 364 77 70 62 62 271 500 400 400 500 1,800 1 1 2 617 509 502 601 52 52 52 52 2,437 Peter BOLLIGER 39 24 39 39 39 52 52 52 52 388 77 48 70 62 62 319 500 400 400 500 1,800 1 1 2 617 72 509 502 601 52 52 52 52 2,509 133

13. 55 10 75 66,609 76,797 30 30 30,695 30,732 97,304 107,529 5556,321,000 14. 120,701 122,656 792,601,500 792,188,378 1,208 792,601,500 792,189,586 Teeroy Limited 28 134

15. 135,529 200,665 27,862 9,046 51,335 424,437 1,385 2,810 843 264 461 5,763 38,213 19,466 2,510 996 42,752 103,937 14,274 1,331 14 3 (15,622) (4,419) (9,136) (415) (308) (14,278) 184,982 215,136 30,814 10,001 78,926 519,859 (2,221) (2,473) (417) (136) (997) (6,244) 22,320 18,759 7,633 626 40,584 89,922 43,438 2,830 2,723 (48,991) (2,946) (5,850) (418) (583) (1,364) (11,161) 245,573 228,402 40,335 9,908 68,158 592,376 45,427 108,651 17,810 4,686 176,574 916 1,211 426 148 2,701 7,866 20,566 5,084 1,922 35,438 (3,391) (4,189) (7) (271) (7,858) 50,818 126,239 23,313 6,485 206,855 (946) (1,771) (364) (105) (3,186) 11,283 20,705 6,134 1,516 39,638 (2,519) (4,299) (239) (430) (7,487) 58,636 140,874 28,844 7,466 235,820 186,937 87,528 11,491 2,442 68,158 356,556 134,164 88,897 7,501 3,516 78,926 313,004 135

15. 20 5 10 5 5 7,268,000 8,442,000 16. 624 571 20,201 18,716 20,825 19,287 2,540,000 766,000 2,913,000 3,002,000 136

17. 26,200 26,200 (14,616) (14,314) (4,028) (4,028) 7,556 7,858 60% 60% 40% 40% Couture Accessories Limited 40% 40% 40% 40% 60% 137

17. 43,612 45,662 15,929 15,779 47,759 49,771 144,305 146,693 111 17 11,782 11,670 60% 60% 7,069 7,002 138

17. Couture Accessories Limited 2,510 2,545 6 40 1,298 445 2,841 3,742 710 490 169 85 879 575 Couture Accessories Limited 1,218 2,140 Couture Accessories Limited 40% 40% Couture Accessories Limited 487 856 139

18. 63,022 46,212 77,146 56,871 75,520 74,667 215,688 177,750 19. 60 0 30 148,038 139,204 31 60 60,150 54,440 61 90 17,673 14,648 90 24,753 4,308 250,614 212,600 114,597 113,770 365,211 326,370 44,683,000 65,585,000 7,771,000 75,000 1,241,000 17,876,000 1,433,000 1,630,000 7,829,000 94,000 342,000 2,296,000 731,000 1,575,000 140

19. 1,937,000 13,187,000 31 60 91 9,065 61 90 21 671 90 1,825 3,451 1,937 13,187 2,636 2,636 20. 36,732 43,872 62,604 62,604 Couture Accessories Limited 108 250 250 36,840 43,872 141

21. 20 348 368 1,000,000 16.1112 4,000,000 16.1 48,000,000 16.33 22. 22,719 9,596 18,195 19,703 1,962 42,876 29,299 18,279,000 11,387,000 142

23. 48,113,000 74,413,000 38,610,000 4,653,000 1,691,000 15,000 3,163,000 921,000 34,433,000 15,765,000 1,412,000 11,000 2,023,000 1,227,000 0.28% 3.32% 0.12% 3.5%) 24. 0 30 60,865 56,983 31 60 6,561 8,302 60 24,374 36,448 91,800 101,733 84,826 100,201 176,626 201,934 60 6b 38,478,000 3,000 1,742,000 747,000 2,077,000 113,000 19,290,000 1,000 422,000 4,091,000 1,204,000 157,000 143

25. 0.10 5,000,000,000 500,000 63,975 794,379,500 79,438 10,160 26. 19 50 20 19 70 1,265,000 1,226,000 144

26. 2,945 4,818 8,858 5,242 11,803 10,060 17,558 29,408 29,361 39,468 12% 27% 8,592 7,420 13,490 9,003 3,626 595 25,708 17,018 145

27. 27,596 56,066 885 5,665 28,481 61,731 28. 12.6 30% 1% 0.1% 5,000,000 2,445,500 1 85 79Teeroy Limited 146

28. 1,428,000 1 125 119 27,500 1 4,900 (4,900) 5,000 (5,000) 7,500 (7,500) 10,000 (10,000) 27,400 (4,900) (22,500) 14,000 122,500 147

29. 5% 1,250 30. (I) (1) 150,565 146,693 Couture Accessories Limited (1) 1,623 2,079 1,546 1,733 (1) (II) 20 148

30. (III) 2,548 2,250 4 4 2,552 2,254 31. 530,527 530,527 294,373 293,790 506 516 283 301 825,689 825,134 1,532 1,447 824,157 823,687 10,160 10,160 (a) 813,997 813,527 824,157 823,687 149

31. (a) 10,160 154,503 1,146 (2,729) 190 1,440 530,465 138,647 833,822 97,380 97,380 14 14 7 (4) (3) (107,529) (107,529) 10,160 154,503 1,146 (2,722) 190 1,450 530,465 128,495 823,687 97,774 97,774 (97,304) (97,304) 10,160 154,503 1,146 (2,722) 190 1,450 530,465 128,965 824,157 150

32. % % % % % % % % Couture Accessories Distribution Limited 4,000,000 60 60 60 60 P.T. Young Tree Industries 38,592,000,000 100 100 100 100 200,000 100 100 100 100 Stella Fashion Group Limited 4 100 100 100 100 Stella Fashion SAS 1,000,000 (3) 100 100 100 100 Stella Footwear (Bataan) 1 (2) 100 100 Company Limited (2) Stella Footwear Inc. 3,947 100 100 100 100 Stella International Limited 1 100 100 100 100 Stella International Marketing Company Limited 10,000 100 100 100 100 Stella Luna Sol Limited 1 100 100 100 100 Stellaluna (Thailand) Co., Ltd. 20,000,000 70.1 70.1 70.1 70.1 Stella Services Limited 300,000 100 100 100 100 (1) 1,000,000 100 100 100 100 (1) 3,249,979 (3) 60 60 60 60 (1) 191,810,000 100 100 100 100 (1) 10,000,000 100 100 100 100 (1) 3,000,000 (3) 100 100 100 100 151

32. % % % % % % % % (1) 10,000,000 100 100 100 100 (1) 10,000,000 100 100 100 100 (1) 300,000 100 100 100 100 (1) 8,000,000 100 100 100 100 (1) 11,134,460 (3) 100 100 100 100 (1) 220,000,000 100 100 100 100 (1) 25,000,000 100 100 100 100 (1)(2) 10,000,000 100 100 (1)(3) 163,800,000 (3) 100 100 100 100 30,000,000 (2) 100 100 (1) 135,280,000 100 100 100 100 20,000,000 (2) 100 100 (1) 11,000,000 100 100 100 100 (1)(3) 10,000,000 100 100 100 100 (1) 1,000,000 100 100 100 100 (1) 4,400,000 (3) 100 100 100 100 152

32. % % % % % % % % (1) 2,000,000 (3) 100 100 100 100 (1) 1,000,000 100 100 100 100 (1) 6,300,000 100 100 100 100 (1) (2) (3) 153

1,293,521 1,494,531 1,550,003 1,541,471 1,663,091 121,328 142,784 152,588 122,816 120,245 121,408 142,988 153,403 122,656 120,701 (80) (204) (815) 160 (456) 121,328 142,784 152,588 122,816 120,245 990,125 1,074,874 1,158,949 1,186,551 1,186,478 (187,918) (212,874) (242,197) (253,001) (233,769) 802,207 862,000 916,752 933,550 952,709 95 96. 154

BOLLIGER Peter BBS BBS BOLLIGER Peter BBS BBS BOLLIGER Peter BBS 1 40 88 1 35 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 17 1712-1716 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 25 30 3003-04 1836 www.stella.com.hk 155

156

* for identification purpose only