HC GROUP INC. 2280 3,778.6 3,185.3 84.3% 6,963.9 EBITDA 364.2 279.4 84.8 164.0 191.0 (0.1463) 0.1705 1
5 6,908,267 3,700,334 5 55,633 78,288 6,963,900 3,778,622 (6,456,938) (3,109,332) 15,440 16,773 30,180 115,241 (340,253) (355,081) (191,892) (180,254) (76,202) (30,258) 1,248 (86,023) 267,217 8 (75,611) (35,025) 1,533 1,108 (160,101) 233,300 9 (9,094) (33,863) (169,195) 199,437 (4,995) 2,248 1,822 (11,131) 338 (172,030) 190,554 2
(163,964) 190,958 (5,231) 8,479 (169,195) 199,437 (166,799) 182,075 (5,231) 8,479 (172,030) 190,554 10 (0.1463) 0.1708 10 (0.1463) 0.1705 3
12 161,934 12 614,700 623,829 12 590,806 533,787 4(c) 242,420 12 2,865,991 2,992,052 3,514 5,604 14 65,136 103,160 45,789 31,292 657,526 677,808 34,875 25,000 65,167 95,247 16,590 16,758 5,202,514 5,266,471 82,500 82,500 51,276 63,855 14 1,645,375 1,419,592 409,982 281,079 13 493,732 512,094 13 125,098 38,965 181,280 354,984 30,910 740 277,093 276,003 430,423 471,672 3,727,669 3,501,484 8,930,183 8,767,955 103,664 103,625 3,130,454 3,092,149 975,845 1,141,955 4,209,963 4,337,729 873,683 883,895 5,083,646 5,221,624 4
16 562,000 368,000 16 358,972 351,162 4(c) 57,438 160,883 165,808 86,838 83,145 267,080 274,100 36,622 1,493,211 1,278,837 15 191,479 94,922 124,174 282,652 358,115 348,866 16 1,048,935 860,244 16 426,078 547,932 4(c) 77,563 11,450 10,650 45,127 44,417 15,658 25,882 54,747 51,929 2,353,326 2,267,494 3,846,537 3,546,331 8,930,183 8,767,955 16 4 5
103,625 3,092,149 1,141,955 4,337,729 883,895 5,221,624 16 4(a) (2,146) (2,146) (4,589) (6,735) (163,964) (163,964) (5,231) (169,195) 1,822 1,822 1,822 (4,657) (4,657) (4,657) (2,835) (163,964) (166,799) (5,231) (172,030) 39 279 318 318 (3,034) (3,034) (3,034) 36,545 36,545 36,545 4,236 4,236 7,350 7,350 (3,020) 4,330 (1,608) (1,608) 103,664 3,130,454 975,845 4,209,963 873,683 5,083,646 6
100,740 2,737,941 815,417 3,654,098 803,031 4,457,129 9 (63,515) 51,042 (12,473) (1,760) (14,233) 190,958 190,958 8,479 199,437 (11,131) (11,131) (11,131) 2,248 2,248 2,248 (8,883) 190,958 182,075 8,479 190,554 33,489 33,489 2,964 163,620 166,584 166,584 (2,764) (2,764) (2,764) 28,691 28,691 28,691 9,238 9,238 (11,671) (11,671) (9,910) (21,581) 103,704 2,843,419 1,057,417 4,004,540 842,567 4,847,107 10% 50% 7,438,000 8,519,000 119,248,000111,810,000 7
1 4th Floor, One Capital Place, P.O. Box 847, George Town, Grand Cayman, Cayman Islands, British West Indies B2B hc360.comzol.com.cn IT B2B 3C SaaS O2O 38,426,000 37,776,000 8
2 34 3 (a) 19 28 9 16 23 16 4 (b) 3 (1) (1) 17 (2) 10 (3) 28 (1) (2) (3) 9
4 16 4(b) 16 (a) 16 1617 7.11% 185,063 170,825 (7,515) 163,310 70,714 92,596 163,310 16 16 10
16 161,934 (161,934) 259,118 259,118 1,141,955 (2,146) 1,139,809 883,895 (4,589) 879,306 92,596 92,596 282,652 (46,582) 236,070 348,866 (12,809) 336,057 70,714 70,714 11
(i) 16 0.34 (ii) 16 12 174 (b) 1 5 12
12 1 20 16 16 (c) 16 97,184 161,934 259,118 97,184 161,934 259,118 5,554 5,554 (19,884) (2,368) (22,252) 82,854 159,566 242,420 77,563 57,438 135,001 13
5 (i) zol.com.cn (ii) B2B (iii) hc360.com (iv) O2O 14
O2O 400,882 6,110,523 386,454 10,408 6,908,267 55,633 55,633 400,882 6,110,523 442,087 10,408 6,963,900 (38,426) (37,776) (76,202) (31,237) (52,015) (28,059) (21,405) (132,716) (25,749) (18,005) (48,755) (39,134) (131,643) 1,533 15,440 30,180 (75,611) (160,101) O2O 270,175 3,052,234 307,795 70,130 3,700,334 78,288 78,288 270,175 3,052,234 386,083 70,130 3,778,622 (19,099) (8,176) (28,007) (11,933) (67,215) 58,114 (23,398) 84,164 16,323 135,203 1,108 16,773 115,241 (35,025) 233,300 15
6 94,000 30,002 15,704 3,590 7 22,370 B2B 6,266,508 3,003,499 82,465 124,719 2,368 9,129 9,129 50,583 38,994 50,752 16,724 22,252 242,319 210,286 8,210 2,807 21,098 (4,458) 950 325 78 27,216 2,231 76,202 16
8 (44,157) (35,629) (26,275) (1,781) (7,386) (1,506) (4,746) (2,101) (2,794) (84,665) (41,710) 766 8,288 6,685 (75,611) (35,025) 6.85% 9 (i) (ii) (30,988) (35,249) (15,771) 21,894 17,157 (9,094) (33,863) (i) (ii) 25% 15% 17
10 (163,964) 190,958 1,120,562 1,118,167 970 1,971 1,121,532 1,120,138 (0.1463) 0.1708 (0.1463) 0.1705 18
11 12 533,787 161,934 623,829 1,148,267 1,843,785 16 (161,934) 108,221 291 (450) (76,202) (50,752) (9,129) (50,583) 112 321 590,806 614,700 1,098,087 1,767,904 286,358 166,671 642,087 1,051,173 1,325,227 9,743 128 17,300 21,544 (305) (16,724) (2,368) (9,129) (38,994) 279,200 164,303 632,958 1,029,479 1,346,771 4(c) 16 804,000,000 878,000,000 19
50,314 50,314 B2B2C 980,247 980,247 i 38,426 ii 210,563 248,018 19,626 19,626 21,544 21,544 14,933 14,933 15,957 15,957 454,720 454,720 1,767,904 1,843,785 36 i ii 20
(i) 170,807,500144,573,000 70,095,00059,329,000 69,900,000 38,426,000 20% 16% 12% 14%3% 3% 38,426,000 (ii) 362,000,000409,091,000 162,652,000 184,091,000 105,500,000 250,096,000 21
18% 15% 17% 12%3% 3% 37,776,000 12% 14% 20% 16% 3% 3% 17% 12% 18% 15% 3% 3% (a) (b) (c) (iii) 22
13 a 533,769 544,521 (40,037) (32,427) 493,732 512,094 b 125,098 38,965 618,830 551,059 (a) 90270 90 295,513 349,430 91 180 54,654 117,500 181 365 133,229 29,819 50,373 47,772 533,769 544,521 8,210,000 2,807,000 23
(b) 126,156 39,073 (1,058) (108) 125,098 38,965 i 28,524 8,134 ii 72,391 iii 24,183 30,831 125,098 38,965 (i) (ii) (iii) 24
14 1,760,658 1,552,826 3,885 3,885 47,540 47,540 25,234 24,209 1,837,317 1,628,460 (21,342) (31,681) (987) (964) (104,477) (73,063) (126,806) (105,708) 1,710,511 1,522,752 (65,136) (103,160) 1,645,375 1,419,592 25
(a) 1,760,658 1,552,826 (125,648) (104,563) 1,635,010 1,448,263 10.2% 11.2%1,760,658,000 1,552,826,000 (b) 481,858 443,084 1,134,258 834,612 144,542 275,130 1,760,658 1,552,826 (125,648) (104,563) 1,635,010 1,448,263 26
1 2 3 1,469,702 1,469,702 114,498 114,498 37,304 37,304 86,692 86,692 52,462 52,462 1,469,702 114,498 176,458 1,760,658 (18,706) (1,862) (105,080) (125,648) 1,450,996 112,636 71,378 1,635,010 1 2 3 1,249,211 1,249,211 154,386 154,386 54,945 54,945 53,054 53,054 41,230 41,230 1,249,211 154,386 149,229 1,552,826 (27,981) (2,650) (73,932) (104,563) 1,221,230 151,736 75,297 1,448,263 27
(c) 3 3 455,294 5,455 21,109 481,858 972,318 57,081 104,859 1,134,258 41,988 2,519 24,957 75,078 144,542 1,469,600 2,519 87,493 201,046 1,760,658 3 3 420,363 1,232 17,276 4,213 443,084 671,739 10,413 90,843 61,617 834,612 129,054 23,153 74,579 48,344 275,130 1,221,156 34,798 182,698 114,174 1,552,826 28
(d) 32,645 73,063 105,708 (10,316) 31,414 21,098 22,329 104,477 126,806 16,176 61,074 77,250 9 4,027 3,363 7,390 9 20,203 64,437 84,640 (976) (3,482) (4,458) 19,227 60,955 80,182 29
15 90 141,761 83,415 91 180 36,887 8,756 181 365 12,212 2,345 619 406 191,479 94,922 16 562,000 368,000 358,972 351,162 920,972 719,162 1,048,935 860,244 426,078 547,932 1,475,013 1,408,176 2,395,985 2,127,338 30
6.11% 6.17% 645,000,000 372,376,000 980,926,000 771,035,000 16 251,500,000 251,500,000 277,093,000 276,003,000 107,000,000 27,816,000 25% 6.34% 6.34% 882,000 882,000 4.35% 14.28% 4.5% 13.7% 344,547,000519,917,000 578,266,000783,401,000 1,048,935 860,244 426,078 547,932 440,750 233,000 358,972 351,162 121,250 135,000 1,610,935 1,228,244 785,050 899,094 94,850,000 31
O2O 400,882 6,110,523 442,087 10,408 6,963,900 270,175 3,052,234 386,083 70,130 3,778,622 48.4% 100.2% 14.5% -85.2% 84.3% 6,963.9 3,778.6 84.3%B2B 535.3 532.1 76.2 12 164.0 191.0 (i) (ii) 669.3 507.0 24.2% (iii) 106.5 (iv) 32
(zol.com.cn)500 SaaS + 3C SaaSSaaS +SaaS+ + 33
SaaS 100 3,000 7,000 SaaS 20 B2B 100 800 6,500 30 B2B B2B 24 34
SaaS 17 1,000 5.5 80.38% to B 430073 Z-SCMIoT RFID 3A 52 35
SaaS AISaaS IM 2.0 6.18 36
( ) 5.8%87.8% 6.3% 0.1% O2O 180 37
430.4 1,374.3 2,395,985,000 2,127,338,000 1,610,935,000 1,228,244,000 6.11% 6.17%785,050,000 899,094,000 94,850,000 27,816,000 25% 6.34% 6.34% 4.35% 14.28% 4.5% 13.7% 28% 4,337.7 127.7 4,210.0 38
2,686 450,000 1,100,000 1,120,852,210 1,120,402,210 645,000,000980,926,000 771,035,000 251,500,000251,500,000 277,093,000276,003,000 344,547,000519,917,000 578,266,000783,401,000 39
13.51B (1) 1) (i) (ii) (iii) (iv)(v) (vi) (i) (ii) (iii) (iv) Lee Wee Ong (v) Lee Wee Ong 40
A.2.1 2) (i) (ii) Daxiong Holdings Limited Hanson He Holdings Limited Richard Chen Holdings Limited Mr Moustache Holdings Limited 16,900,000 16,900,000 3,014,250 0.27% 41
Mu Hao Holdings Limited Hong Rui Technology Holdings Limited Chance Technology Co. Ltd Vanguard Technology Holdings Limited 26,000,000 26,000,000 10,909,090 0.97% 10% 66,774,661 844,6610.08% 112,085,22110% 100,000,000 8%(1) 42
30% 22.63% 0.1% 5% 14A 10,000,0004.6 0.10 56,000,000 5% 26 28,100,0002.51% 4,000,000 2,000,000 43
10 44
14 1,100,000 45