於香港註冊成立之有限公司 (Incorporated in Hong Kong with limited liability) 股份代號 900 Stock Code: 900 Annual Report 2015/16 年報 2015/16

2 3 4 6 9 16 24 27 42 53 55 56 57 59 60 62 145 1

Mizuho Bank, Ltd. UFJ 132 20 http://www.aeon.com.hk info@aeon.com.hk 900 183 22 2

18.0 18.0 3

1 2 2016 250 2016 59.69 2015 282 2015 67.44 2014 222 2014 53.00 2013 295 2013 70.51 2012 301 2012 71.95 0 50 100 150 200 250 300 350 0 10 20 30 40 50 60 70 80 1,116,357 1,121,348 1,164,653 1,295,955 1,258,854 356,095 355,361 274,490 346,680 307,355 (54,776) (60,089) (52,542) (64,276) (57,388) 301,319 295,272 221,948 282,404 249,967 71.95 70.51 53.00 67.44 59.69 34.00 35.00 35.00 36.00 36.00 4

3 4 2016 2,544 2016 5,942 2015 2,447 2015 5,951 2014 2,346 2014 6,098 2013 2,229 2013 5,769 2012 2,050 2012 5,483 0 500 1,000 1,500 2,000 2,500 3,000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 5,482,960 5,768,806 6,097,778 5,951,429 5,941,584 (3,433,355) (3,539,697) (3,752,203) (3,504,086) (3,398,012) 2,049,605 2,229,109 2,345,575 2,447,343 2,543,572 1. 2. 3. 4. 5. 5

6.9% 2.4% 3.7%3% 4.4% 6

2% 8,777,000,000 5% 6% 3% 13%301,900,000 311,900,000 355,100,000250,000,00088.5% 7

8

3.7% 15.6%1.3% 5.9%5% 2%2.9% 13.7% 560,000,0004.1% 1,012,900,000 9

8.8% 606,100,000 46.2%51.6% 4.7% 250,000,000 18.0 36.060.3% 10

6.5% AEON Card JAL AEON AEON Card JAL 47% AEON Card JAL 45%557,000,000 DR-MAX Titanium DR-MAX Titanium 11

AEON AEON20 AEON 21186 AEON 12

AEON Lounge 13

622674 14

2015 AEON 15

307,400,000 11.3% 39,300,000 57,400,000 11.5% 282,400,000250,000,00067.4411.5% 59.69 16

1,258,900,0001,296,000,00037,100,000 5.0% 1,154,200,0004.0% 1,107,600,00094,700,000 98,100,000 3,400,000 1,012,900,000 1,056,200,0004.1% 3.0%51,100,000 15.5% 69,300,000162,700,000 150,400,000 12,300,0001,174,300,000 1,206,100,000 FEPAS400 FEPAS400 556,800,0008.8%606,100,000 17

51.6%46.2% 649,300,000 13.7% 89,300,000560,000,000 13.4% 46,800,000348,700,000 301,900,000 8,400,000 4,600,000 18.018.0 36.060.3% 18

2,543,600,000 3.9% 96,200,000 5,941,600,000 5,951,400,000 54,100,0001,500,000 200,000 1,772,400,0004.2%1,697,200,000 3,577,400,000 3,554,900,000 3148,300,000 12,000,000136,300,000 2.12.4 1.01.1 5.7 5.9 19

46.3%31.0%22.7% 1,705,800,00014.1%85.9% 37.6%6.4% 53.1% 2.9% 50,000,000 27,000,000 2,543,600,000 2,447,300,000 36.060.3% 20

67.6%68.0% 83.3%88.2% 3.4% 29,900,000881,100,000 851,200,000 319,200,000 14.3% 45,700,000 273,500,000 382,500,0001.5% 5,800,000376,700,000 167,500,00010.9% 149,200,00033,600,000 45.0% 15,100,000 48,700,000 32,200,0003.9% 1,300,000 30,900,0009,300,000 35.1% 3,300,000 6,000,000 21

60%4060 70% 186 ISO 27001ISO 9001ISO 10002 ISO 14001 ISO 27001 BS7799ISO 27001 ISO 27001 ISO 27001 ISO 22

ISO 9001ISO 9001 ISO 9001 ISO 10002 ISO 14001 ISO 14001 23

59 AEON Thana Sinsap (Thailand) Public Company Limited AEON Credit Service (M) Berhad AEON Credit Service Co., Ltd. 45 AEON Financial Service Co., Ltd. AEONACS Trading Vietnam Co., Ltd. 53 60 South Bank University 24

56 AEON Co., Ltd.AEON Financial Service Co., Ltd.AEON Financial Service Co., Ltd.AEON S.S. Insurance Co., Ltd. 64 33 TOM 25

53 A HH 53 26

A.4.1A.4.2 A.4.1 A.4.2 27

3.103.10A 1/3 2426 3.13 3.13 28

* 4/4 Δ 2/2 6/7 7/7 * 4/4 Δ 2/2 Δ 2/2 7/7 7/7 7/7 7/7 * Δ 29

30

31

3.13 (i) (ii)(iii) (iv) 2/2 2/2 2/2 2/2 32

12 1/1 1/1 1/1 1/1 D.3.1 33

34

4/4 4/4 4/4 4/4 35

36

J-SOX 37

5354 2,900,000 76 580 J-SOX 590 1,246 38

39

* 0/0 Δ 1/1 1/1 1/1 * 0/0 Δ 1/1 Δ 1/1 1/1 1/1 1/1 1/1 * Δ 2,043,570,000418,765,600 4.88 204 40

5% 566568 2.5%50 581583 88 (i)(ii) 132 20 41

68 1623 681623 39 4516236 1.0 1.1 5558 18.018.0 75,378,00075,378,000 18.018.0 75,378,000 75,378,000 42

10% AEON 102 43

44

352 (a) 110,000 0.03 28,600 0.01 (b) AFS AFS 11,096 0.01 732 0.01 (c) AEON AEON 4,500 0.01 45

(d) ACS ACS 100,000 0.04 (e) ACS ACS 14,400 0.01 3.13 46

336 AEON1 280,588,000 67.00 AFS2 220,814,000 52.73 AFS 3 220,814,000 52.73 Aberdeen Asset Management Plc and its Associates 29,284,000 6.99 1. AEON55,990,000AFS AFS 41.16% 71.64%AFS 220,814,0003,784,000 2. AFSAFS100%AFS220,814,000 3. 220,814,000213,114,000AFS 7,700,000 AFS 14A (a) 13,954,0006,231,000 39 21,300,000 47

(b) 8,589,000 2 3 L302186,327 191,917 10,998 1,826,000 2,100,000 G002103,773 106,886 5,239 1,176,000 1,400,000 (c) 43,826,000 52,000,000 48

(c) 1,163,000 (d) ACSS ACSS ACSS ACSS 11,344,000 13,717,000 (e) AFS AFSAFS AFS5,817,000 7,000,000 14A.55(a)(b)(c)(d)(e) (i) (ii) (iii) 49

3000 740 14A.56 4414A 14A 50,000,000 AFS52.73% 13.18 50

1,264,000 43 51

52

AEON 55144 AEON 405 53

54

5 1,258,854 1,295,955 7 1,107,583 1,154,223 8 (94,665) (98,064) 1,012,918 1,056,159 9 162,649 150,371 10 (1,307) (404) 1,174,260 1,206,126 11 (606,072) (556,838) 11 (8,158) 560,030 649,288 (301,938) (348,736) 53,846 54,555 17 (4,583) (8,427) 307,355 346,680 13 (57,388) (64,276) 249,967 282,404 249,967 282,404 15 59.69 67.44 55

249,967 282,404 (2,362) (1,598) (15,581) (5,328) 14,961 (22,954) (2,982) (29,880) 246,985 252,524 246,985 252,524 56

16 123,177 115,245 17 39,598 49,647 18 22,145 24,507 19 1,186,140 1,224,888 23 30,298 47,996 33 1,244 1,199 24 38,000 38,000 1,440,602 1,501,482 19 4,059,463 4,064,751 23 34,092 36,956 30 6 30 423 298 29 5 490 33 241 1,465 874 25 98,105 113,528 26 238 894 27 306,944 232,156 4,500,982 4,449,947 28 244,130 210,200 29 49,830 48,901 30 6 30 58 30 52 50 31 1,358 1,577 32 560,786 495,500 1,794 37 549,782 549,731 33 22,364 18,380 8,895 13,536 1,437,255 1,339,675 3,063,727 3,110,272 4,504,329 4,611,754 57

35 269,477 269,477 36 2,274,095 2,177,866 2,543,572 2,447,343 37 700,000 699,592 32 1,145,000 1,332,800 33 106,214 126,050 34 9,543 5,969 1,960,757 2,164,411 4,504,329 4,611,754 55144 58

41,877 227,330 270 445 (113,110) 18,507 2,170,256 2,345,575 282,404 282,404 (1,598) (1,598) (5,328) (5,328) (22,954) (22,954) (1,598) (22,954) (5,328) 282,404 252,524 227,600 (227,330) (270) (75,378) (75,378) (75,378) (75,378) 227,600 (227,330) (270) (1,598) (22,954) (5,328) 131,648 101,768 269,477 (1,153) (136,064) 13,179 2,301,904 2,447,343 249,967 249,967 (2,362) (2,362) (15,581) (15,581) 14,961 14,961 (2,362) 14,961 (15,581) 249,967 246,985 (75,378) (75,378) (75,378) (75,378) (2,362) 14,961 (15,581) 99,211 96,229 269,477 (3,515) (121,103) (2,402) 2,401,115 2,543,572 59

307,355 346,680 459 436 46,879 42,475 (705) (727) 301,938 348,736 94,206 97,628 (1,107,583) (1,154,223) 871 4,583 8,427 (351,997) (310,568) (264,313) (376,671) (4,053) 9,444 (6) 1,395 (125) (298) 485 (417) 656 2,180 22,015 40,069 928 (10,953) (6) 6 58 2 1 (219) 143 (596,575) (645,669) (59,046) (56,918) (94,339) (96,575) 1,110,016 1,159,232 360,056 360,070 60

705 727 (2,757) (22,673) (16,471) (32,793) (8,306) (45,511) (39,389) (26,829) (139,639) (997,010) (1,367,376) 997,010 1,397,376 (150,756) (150,756) 550,000 150,000 (550,000) 7,628,449 64,184,900 (7,751,914) (64,641,900) (274,221) (427,756) 59,006 (207,325) (4,257) (9,325) 294,534 511,184 349,283 294,534 42,339 64,172 306,944 232,156 (1,794) 349,283 294,534 61

1. AFS AEON 132 20 AFS 2. 19 20102012 20112013 62

2. 9 1 15 1 1 2 16 38 16 41 2 2 27 2 20122014 2 11 2 10 28 10 12 28 3 2 1 2 3 9 9 9 9(a)(b) 63

2. 9 9 39 9 39 9 39 9 9 9 64

2. 15 15 151811 15 15 15 15 15 15 65

3. 217 2 36 66

3. 67

3. 68

3. 69

3. 39 36 36 70

3. 71

3. 72

3. 73

3. (a)(b) (c) 74

3. 75

3. 76

3. 77

3. 78

3. 79

3. 80

3. 81

4. 3 19 20 82

5. 1,107,583 1,154,223 81,999 81,750 69,272 59,982 1,258,854 1,295,955 6. 83

6. 851,168 376,675 30,939 72 1,258,854 273,515 48,739 6,013 12 328,279 6,777 (23,118) (4,583) 307,355 84

6. 881,074 382,481 32,200 200 1,295,955 319,191 33,620 9,260 18 362,089 7,316 (14,298) (8,427) 346,680 3 85

6. 3,955,720 1,865,261 58,088 772 5,879,841 39,598 22,145 5,941,584 2,761,872 614,873 2,649 180 3,379,574 18,438 3,398,012 86

6. 3,901,616 1,911,665 62,428 1,566 5,877,275 49,647 24,507 5,951,429 3,061,318 418,706 3,885 672 3,484,581 19,505 3,504,086 87

6. 47,565 10,473 108 58,146 31,172 15,540 167 46,879 152,742 149,190 6 301,938 871 871 (39,708) (14,025) (113) (53,846) 68,264 6,442 71 74,777 27,520 14,456 499 42,475 181,260 167,474 2 348,736 (41,918) (12,553) (84) (54,555) 88

6. 10% 7. 1,100,906 1,145,081 3,611 5,920 3,066 3,222 1,107,583 1,154,223 8. 30,425 30,696 7,743 7,202 56,497 60,166 94,665 98,064 459,000 436,000 89

9. 645 727 60 51,060 49,550 30,939 32,200 69,272 59,982 10,673 7,912 162,649 150,371 10. 951 50 (951) (50) (226) (194) (210) (210) (871) (1,307) (404) 90

11. 2,946 3,119 46,879 42,475 175,828 139,835 76,667 73,004 72,342 72,811 54,911 63,870 176,499 161,724 606,072 556,838 2,968,000 1,675,000 8,158,000 91

12. (a) a b 1,052 1,052 c 1,124 12 1,136 1,782 110 18 1,910 b 898 898 440 718 7 1,165 354 263 7 624 462 368 7 837 6,112 1,459 51 7,622 92

12. (a) a 284 284 284 284 284 284 852 852 8,474 93

12. (a) a 1,389 330 17 1,736 1,789 100 17 1,906 742 13 755 927 13 940 4,847 430 60 5,337 b 193 4 197 193 4 197 94

12. (a) a 270 270 270 270 270 270 810 810 6,344 (a) (b) (c) 576,000 42,000 95

12. (b) 1,165,000 755,000 2,558 2,314 919 243 45 22 3,522 2,579 1,000,000 1 1,000,0011,500,000 3 2 3 3 96

13. 54,538 63,063 (724) 44 53,814 63,107 34 3,574 1,169 57,388 64,276 16.5% 25% 307,355 346,680 16.5% 16.5% 50,714 57,202 756 1,390 3,879 2,596 (177) (164) (724) 44 1,995 3,250 945 (42) 57,388 64,276 97

14. 18.0 18.0 75,378 75,378 18.0 18.0 75,378 75,378 150,756 150,756 18.0 18.0 75,378 75,378 18.0 15. 249,967,000 282,404,000418,766,000 418,766,000 98

16. 22,231 18,247 382,262 226 422,966 4,377 810 41,477 46,664 (311) (6,917) (90,521) (97,749) (146) (38) (213) (397) 26,151 12,102 333,005 226 371,484 1,497 213 54,149 55,859 (358) (31,126) (31,484) (160) (44) (246) (450) 27,130 12,271 355,782 226 395,409 14,440 13,641 283,291 226 311,598 4,772 1,513 36,190 42,475 (311) (6,917) (90,521) (97,749) (31) (13) (41) (85) 18,870 8,224 228,919 226 256,239 4,150 1,152 41,577 46,879 (60) (30,553) (30,613) (113) (17) (143) (273) 22,847 9,359 239,800 226 272,232 4,283 2,912 115,982 123,177 7,281 3,878 104,086 115,245 99

16. 33 1 / 3 % 20% 20% 33 1 / 3 % 20% 33 1 / 3 % 17. 79,335 79,335 (47,453) (42,870) 7,716 13,182 39,598 49,647 50% 50% 33.3% 33.3% 50% 50% 33.3% 40.0% ACGACG 100

17. (4,583) (8,427) 18. 13,001 15,363 9,144 9,144 22,145 24,507 101

18. 19. 3,577,431 3,554,916 1,697,234 1,772,360 749 1,514 5,275,414 5,328,790 106,515 109,166 5,381,929 5,437,956 20 (90,723) (92,403) (45,603) (55,914) (136,326) (148,317) 5,245,603 5,289,639 (4,059,463) (4,064,751) 1,186,140 1,224,888 5,444,000 11,182,00012,570,000 35,785,000 39(b) 102

19. (a) 26.843.5 26.843.5 39 37 1,250,000,000 1,250,000,000 (b) 3.147.43.145.4 103

19. (c) 723 1,367 710 1,337 39 178 39 177 762 1,545 749 1,514 (13) (31) 749 1,514 749 1,514 20. 34,235 48,577 100,643 98,116 6 23 1,442 1,601 136,326 148,317 104

20. 92,403 55,914 148,317 312,249 (10,311) 301,938 (311,716) (311,716) (2,213) (2,213) 90,723 45,603 136,326 81,207 66,153 147,360 358,975 (10,239) 348,736 (346,995) (346,995) (784) (784) 92,403 55,914 148,317 21. %* %* 89,934 1.7 90,731 1.7 45,420 0.8 44,743 0.8 27,229 0.5 28,749 0.5 89,738 1.7 97,208 1.8 252,321 4.7 261,431 4.8 * 105

22. 21 93,356 94,976 539 (90,723) (92,403) 3,172 2,573 1.8% 1.8% 23. 15,338 39,953 19,664 23,106 23,198 14,584 6,190 7,309 64,390 84,952 (34,092) (36,956) 30,298 47,996 24. 0.04 0.330.150.21 106

25. 0.014.20 0.013.08 1.552.99 3.053.08 42,339 55,766 98,105 64,172 49,356 113,528 26. 107

27. 284,508 21,950 486 306,944 213,980 17,777 393 6 232,156 28. 68,355 84,235 1,877 3,976 5,895 5,235 76,127 93,446 8,143,000 8,162,000 108

29. 42,220,00043,047,000 42,220 43,047 30. 31. 32. 1,705,786 1,828,300 560,786 495,500 190,000 527,800 870,000 680,000 85,000 125,000 1,705,786 1,828,300 (560,786) (495,500) 1,145,000 1,332,800 109

32. 1,285,950 387,800 32,036 1,705,786 1,440,500 387,800 1,828,300 240,000,000300,000,000 1.43.11.23.4 0.42 0.850.400.85 85% 0.700.70 705,620,000 650,620,000 645,109,000 526,310,000 110

33. 57 128,578 166 143,640 241 790 1,187 1,033 1,485 128,578 1,199 144,430 (241) (22,364) (18,380) 1,244 106,214 1,199 126,050 1,065,000,000 1,048,000,000 1,065,000,0001,048,000,000 1.83.51.03.5 0.350.85 0.35 0.85 111

33. 550,000,000150,000,000 550,000,000 150,000,0001,250,000,000 1,250,000,0003.2 3.93.23.9 0.350.55 0.350.55 550,000,000 3.5 3.83.53.8 0.40.4 14,725,000 24,450,000 112

33. 50,000,00050,000,000 388,750,000 7.78 7.783.283.28 0.70 0.70 82,000 463,000 AB550,000,000 150,000,000C 10% 154,000 1,033,000 113

34. 15,100 (10,300) 4,800 208 961 1,169 15,308 (9,339) 5,969 1,760 1,814 3,574 17,068 (7,525) 9,543 73,204,000 61,112,000 71,058,00061,112,000 114

35. 0.1 1,000,000,000 100,000 0.1 418,766,000 41,877 418,766,000 41,877 36. 2,401,115,000 2,301,904,000 115

37. A 550,000 550,000 B 550,000 550,000 C 150,000 150,000 1,250,000 1,250,000 (218) (677) 1,249,782 1,249,323 (549,782) (549,731) 700,000 699,592 a) 1,250,000,000A BCABC 0.350.55 3.23.9 b) AB A BAB AB 0.40 3.53.8 3.7 3.7 116

37. c) Horizon Master Trust (AEON 2006-1) 10 39 38. 117

38. a 2,955,568 3,077,623 (349,283) (294,534) 2,606,285 2,783,089 b 2,543,572 2,447,343 1.0 1.1 (a) 32 37 (b) 39. (a) 22,145 24,507 5,694,751 5,680,771 1,485 1,199 3,084,371 3,226,828 128,578 144,430 118

39. (b) 119

39. (b) (i) 387,800,000 387,800,000 (ii) 19 32 37 120

39. (b) (ii) 32 267,000 1,215,000 48,992,000 95,194,000 121

39. (b) (iii) 10% 10% 1,300,000 1,536,000 122

39. (b) 34,393,559,000 37,268,502,000 (i)(ii) 123

39. (b) 5,129,069 5,176,525 158,965 166,455 93,895 94,976 5,381,929 5,437,956 20 (136,326) (148,317) 5,245,603 5,289,639 (i) 8,833,000 13,483,000 124

39. (b) (ii) 33,561 55,242 88,803 14,782 30,330 45,112 7,102 17,136 24,238 812 812 56,257 102,708 158,965 (14,668) (22,102) (36,770) 41,589 80,606 122,195 125

39. (b) (ii) 29,117 60,210 89,327 13,353 31,210 12 44,575 9,135 17,239 26,374 403 5,776 6,179 52,008 114,435 12 166,455 (16,832) (25,593) (6) (42,431) 35,176 88,842 6 124,024 126

39. (b) (iii) 18,030 75,865 93,895 27,768 67,202 6 94,976 90,723,00092,403,000 20 127

39. (b) 3,747 7,494 582,307 610,561 151,684 1,355,793 501 60,801 13,023 78,178 101,387 253,890 25,472 22,402 477,952 675,934 363,089 1,564,849 126,675 1,126 127,801 156,395 91,823 1,073,282 1,364,673 616,160 3,302,333 34,393,559 34,393,559 128

39. (b) 3,855 7,710 582,426 588,066 152,487 1,334,544 50,104 205 120,920 131,416 302,645 198,912 36,443 128,546 965,610 309,218 1,638,729 1,794 1,794 143,533 3,878 147,411 398,198 48,236 831,892 1,685,092 461,705 3,425,123 37,268,502 37,268,502 129

39. (b) (11,887) (27,479) (64,112) (9,476) (112,954) (16,069) (45,655) (67,677) (11,159) (140,560) (c) 130

39. (c) 1,485 1,485 13,001 13,001 13,001 1,485 14,486 128,578 128,578 131

39. (c) 1,199 1,199 15,362 15,362 15,362 1,199 16,561 144,430 144,430 1,705,786 1,713,664 1,828,300 1,809,480 132

39. (c) (d) ISDAISDA (a) 1,485 1,485 1,199 1,199 133

39. (d) (b) A 298 (298) B 1,187 (1,187) 1,485 (1,485) A 166 (166) B 1,033 (1,033) 1,199 (1,199) 134

39. (d) (c) (128,578) (128,578) (144,430) (144,430) 135

39. (d) (d) A (14,794) 298 (14,496) B (112,892) 1,187 (111,705) C (892) (892) (128,578) 1,485 (127,093) A (21,484) 166 (21,318) B (122,946) 1,033 (121,913) (144,430) 1,199 (143,231) 136

40. 54,185 46,202 28,768 34,983 82,953 81,185 41. 11,533 19,562 42. 1,670,045,540 38,000,0001,697,384,00038,000,000 19 24 137

43. 5% 18,00018,000 4,729,0004,005,000 685,000 687,000 138

44. 6,231 6,687 7,723 7,843 645 727 3,288 1,466 8,756 10,358 35 35 878 717 5,817 44,989 44,425 11,344 12,204 7,867,000 1,307,000 6,161,000 10,897,0002,684,000 139

44. 7,571 5,831 51 70 7,622 5,901 140

45. 116,985 107,346 372,989 372,989 39,598 49,647 22,145 24,507 1,150,720 1,224,888 29,966 47,714 1,244 1,199 38,000 38,000 1,771,647 1,866,290 3,957,944 3,931,636 22,505 21,973 4 6 386 285 461 241 233,319 160,573 4,214,405 4,114,928 237,048 200,032 46,368 47,745 5 54 52 50 1,191 1,444 528,750 495,500 1,794 549,782 549,731 22,364 18,380 8,895 13,536 1,394,504 1,328,217 2,819,901 2,786,711 4,591,548 4,653,001 141

45. 269,477 269,477 2,361,355 2,219,113 2,630,832 2,488,590 700,000 699,592 1,145,000 1,332,800 106,214 126,050 9,502 5,969 1,960,716 2,164,411 4,591,548 4,653,001 142

45. 41,877 227,330 270 445 (113,110) 9,646 2,182,851 2,349,309 311,054 311,054 (1,598) (1,598) 3,535 3,535 (22,954) (22,954) (1,598) (22,954) 3,535 311,054 290,037 227,600 (227,330) (270) (75,378) (75,378) (75,378) (75,378) 227,600 (227,330) (270) (1,598) (22,954) 3,535 160,298 139,281 269,477 (1,153) (136,064) 13,181 2,343,149 2,488,590 285,926 285,926 (2,362) (2,362) (5,527) (5,527) 14,961 14,961 (2,362) 14,961 (5,527) 285,926 292,998 (75,378) (75,378) (75,378) (75,378) (2,362) 14,961 (5,527) 135,170 142,242 269,477 (3,515) (121,103) 7,654 2,478,319 2,630,832 143

46. 1,000,000 1,000,000 100% 100% 124,221,000 124,221,000 100% 100% 100,000,000 100,000,000 100% 100% 100,000,000 100,000,000 100% 100% 47. Horizon Master Trust (AEON 2006-1) 144

ACG ACS AEON Credit Service (Malaysia) Berhad ACS AEON Thana Sinsap (Thailand) Public Company Limited ACSS AEON Credit Service Systems (Philippines) Inc. AEON AEON Co., Ltd. AFS AEON Financial Service Co., Ltd. AFS PRC AEON 622 FVTOCI FVTPL 145

HKAS HKFRSs HKICPA ISDA Agreements 571 146