Biostime International Holdings Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code : 1112) Annual Report 2015

4 6 7 12 18 36 46 78 80 81 83 85 87 183

Radek Sali Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 5 29 510623 200 35 3508 FCS, FCIS www.biostime.com.cn 1 4 /

1 22 15 43 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 / 5

4,818,561 4,731,563 1.8% 2,984,565 2,926,931 2.0% (EBITDA) 626,438 1,142,556 (45.2%) 293,321 806,786 (63.6%) 365,732 972,172 (62.4%) 0.41 1.34 (69.4%) 69.6% 84.1% 8.1% 2.4% 9.0% 3.2% 2.3% 3.7% 17.6% 6 /

Swisse Wellness Group Pty Ltd ( Swisse ) 83% SwisseVHMS Swisse 4,818.6 293.3 82.4% 17.6% (Nielsen) 5.6% 5.9% (B2C) 1.5% / 7

3,968.7 16.1% SN 2 PLUS SN 2 PLUS SN 2 PLUS SN 2 PLUS SN 2 PLUS Swisse 849.9 Swisse Swisse Swisse Swisse SwisseSwisse 100 8 /

VHMS VHMS 1,000 POS POS 63% / 9

Swisse Swisse Swisse360 Swisse Swisse Swisse Tmall.hk Swisse CRM CRM CRM Swisse 10 /

0.26 0.41 0.1 100 / 11

4,818,561 4,731,563 1.8% 2,984,565 2,926,931 2.0% 1,975,832 1,587,764 24.4% 280,144 175,268 59.8% 293,321 806,786 (63.6%) 365,732 972,172 (4,163,769) (460,394) 2,570,498 1,171,847 3,195,394 4,493,340 12 /

1.8%4,818.6 Swisse Swisse 83% Swisse 3,355,849 69.6% 3,981,575 84.1% 389,384 8.1% 425,094 9.0% 113,715 2.4% 151,420 3.2% 109,710 2.3% 173,474 3.7% 849,903 17.6% 4,818,561 100.0% 4,731,563 100.0% SN 2 PLUS 3,981.6 15.7%3,355.8 SN 2 PLUS 65.3% 63.0% 2.3 389.4 8.4% 2.4% 113.7 24.9% Healthy Times / 13

173.4 36.8% 109.7 Swisse83% Swisse Swisse 849.9 17.6% 100 APPSwisse Tmall.hk Swisse 2,926.92,984.6 61.9% 12.4%144.0 118.7 17.3 1,587.824.4% 1,975.8 SN 2 PLUS 33.6% 41.0% 175.3 59.8% 280.1 Swisse Swisse 4.5% 14 /

214.284.0 88.5 18.5 154.057.6 96.4 311.6 32.4% 210.6 27.9% 41.8% 365.7 645.3 279.6 640.7 4.6 4,163.8 5,998.9 1,893.0 2,570.5 Swisse 4,740.5 1,927.0 196.0 1,198.2 70.2 1,927.03,195.4 / 15

4,740.5 2,659.1 53.5% 2,041.3Swisse 83% 443.2 450.06.8 2,900.9 12 112 96 30 60 1 24 176 162 6590 1,595.6 16 /

100 / 17

A.2.1 C.1.2 18 /

36 45 Radek Sali Radek Sali / 19

4 20 /

A.2.1 3645 3.29 14 7 / 21

12 22 /

1 12/12 1/1 1/1 1/1 4 12/12 1/1 12/12 1/1 12/12 1/1 12/12 2/2 1/1 12/12 1/1 2 12/12 2/2 1/1 1/1 1/1 3 12/12 2/2 1/1 1/1 1/1 12/12 1/1 10/01/2015 23/03/2015 03/11/2015 02/11/2015 15/05/2015 09/02/2015 17/08/2015 24/03/2015 14/05/2015 01/07/2015 10/07/2015 23/07/2015 18/08/2015 03/11/2015 15/11/2015 29/12/2015 31/12/2015 1 2 3 4 / 23

3.13 3.13 53 www.biostime.com.cn 24 /

500,001 1,000,000 2 1,000,001 2,000,000 5 2,000,001 3,000,000 7 3,000,001 4,000,000 3 4,000,001 5,000,000 2 8 / 25

B B A, B B B B A, B A, B A, B A: B: 26 /

D.3.1 (a) (b) (c) (d) (e) C.1.2 3.08 13 77 / 27

84(1) 84(2) 83(3) Radek Sali 28 /

/ 29

78 79 4,006 123 5,965 1,400 11,494 30 /

/ 31

100100 32 /

66 18 400 DBAccess China Conference 2015 CICC Corporate Day 2015 DBAccess Asia Conference 2015 / 33

Kim Eng HK/CN SMID Cap Corporate Day Asian Sharia Investment Conference 281 www.biostime.com.cn IR@biostime.com.cn 34 /

58 200 35 3508 200 35 3508 / 35

52 Biostime International Investment Limited Biostime Investment Biostime Hong Kong LimitedBiostime Hong Kong Parenting Power International Holdings LimitedParenting Power Holdings Parenting Power Investment Limited Parenting Power Investment Parenting Power Hong Kong LimitedParenting Power Hong Kong Mama100 International Holdings LimitedMama100 Holdings Mama100 International Investment LimitedMama100 Investment Mama100 Hong Kong LimitedMama100 Hong Kong XV23 62 20 Sali Radek 39 SwisseSali Sali10 SwisseSwisse Sali GQ (GQ Businessman of the Year) CEO CEO Magazine s Health & Pharmaceutical Executive of the Year Swisse SwisseSali Village Roadshow LimitedVillage Roadshow Limited Sali (La Trobe University) (Diploma of Business) (Certificate in Finance) (Certificate in Leadership) 36 /

51 XV23 62 Stoltze Specialty Processing, LLC 18 University of Nebraska-Lincoln Xoma (US) LLC (Osaka University) University of Nebraska- Lincoln 60 XV23 62 / 37

55 Biostime Investment Biostime Hong Kong Parenting Power Holdings Parenting Power Investment Parenting Power Hong Kong Mama100 Holdings Mama100 Investment Mama100 Hong Kong XV23 62 100 52 Biostime Investment Biostime Hong Kong Parenting Power Holdings Parenting Power Investment Parenting Power Hong Kong Mama100 Holdings Mama100 Investment Mama100 Hong Kong XV23 62 38 /

54 20 BaWang International(Group) Holding 1338 Limited Bosideng International Holdings 3998 Limited China Coal Energy Company Limited 1898 Beijing Capital Juda Limited 1329 LDK Solar Co., Ltd. OTC Pink LDKYQ Limited Information Powerlong Real Estate Holdings 1238 Limited SITC International Holdings Company 1308 Limited China Railway Group Limited 390 Yangtze Optical Fibre and Cabe Joint Stock Limited Company 6869 / 39

60 1368 178 884 ReneSola Ltd SOL1099 7 Days Group Holdings Limited 7 Days Group Holdings Limited 7 Days Group Holdings Limited 30 AFE Computer Services Limited Infocast Pty Limited 40 /

68 40 10 (EMBA) / 41

Patrice Malard 62 Biostime Pharma Patrice 30 Gist Brocades SA CPIAA SA Pioneer Hi-Bred Silab Sarl Lallemand SAS Kloarys Developement Sarl Laetitia Garnier 35 Banque Populaire Group LVMH Group 38 42 /

39 37 Adimil 39 / 43

44 32 32 59 25 44 /

8.17 8.17 3.28 13.51B(1) Swisse 2009 696 2323 1099 Renesola Ltd SOL / 45

1 1 7 11 12 17 1316 183 17 1712 1716 46 /

12 32 35 48 22 3 4,665.9 48 0.1 3.86.63.9 183 184 / 47

30% Laiterie de Montaigu SAS Sabourin Montaigu Montaigu 638.0 25.6% 1,703.0 68.3% Radek Sali 83(3) Radek Sali Radek Sali 84(1) 84(2) 48 /

Radek Sali 5% 8 3645 / 49

3.133.13 XV 352 7 621,239 1 0.099% 414,093 2 0.066% 332,131 3 0.053% 450,000,000 4 71.419% 450,000,000 4 71.419% 381,558 1 0.061% 308,982 2 0.049% 201,994 5 0.032% 100,000 6 0.016% 100,000 6 0.016% 100,000 6 0.016% 50 /

1 2 3 97,000 55,000 30,500 11,600 138,031 4 Coliving Limited 47.71% Coliving Limited Coliving Limited Flying Company Limited 59.00% Sailing Group Limited 41.00%ColivingLimited Flying Company Limited Sailing Group Limited UBS Trustees (BVI) Limited UBS Nominees Limited Flying Company Limited Sailing Group Limited 5 46,00029,000 18,000 6,000 102,994 6 7 630,080,426 352 / 51

4 11 30% 10% 1% a 0.1%b 5 281 52 /

(i) (ii) (iii) 18,868,509 0.01 18,868,509 15.58 15.58 16/12/2011 12.12 100,000 100,000 16/12/2011 12.12 100,000 100,000 16/12/2011 12.12 100,000 100,000 29/12/2015 15.58 414,093 414,093 29/12/2015 15.58 308,982 308,982 300,000 723,075 1,023,075 09/06/2011 15.312 531,955 (133,383) (1) (110,526) 288,046 29/11/2011 11.52 543,594 (140,088) (2) (89,630) 313,876 01/06/2012 19.64 445,530 (69,163) (3) (77,924) 298,443 07/12/2012 24.70 917,741 (157,118) (4) (163,425) 597,198 29/12/2015 15.58 18,145,434 18,145,434 2,738,820 18,868,509 (499,752) (441,505) 20,666,072 (5) / 53

1 35.37 2 32.87 3 35.18 4 37.13 5 851,604 30% 30% 40% 18,145,434 2,732,019 30% 30% 40% 54 /

18,145,434 15,413,415 16,136,490 50% 30% 20% 57,165,682 9.07% (a) 2.53 (b) 11,150,249 / 55

(c) 30% 30% 40% (d) 6 329 11,150,249 3141.00 40 543,706 621,239 621,239 381,558 381,558 1,002,797 1,002,797 1,907,322 (762,692) (1) (281,086) 863,544 3,918,756 (1,479,132) (2) (262,620) 2,177,004 100,000 100,000 5,926,078 (2,241,824) (543,706) 3,140,548 6,928,875 (2,241,824) (543,706) 4,143,345 (3) 56 /

1 36.12 2 31.90 3 3,012,209 4,143,345 0.66% 10% 5% 1% / 57

11932,817 645,600 1 0.110% (645,600) 932,817 2 0.155% 932,817 1,578,417 0.265% (645,600) 932,817 1 11,600 6,000 2 138,031 102,994 619,6854 34 58 /

(a) (b) 40 1.5% 1% / 59

1% 1,018 2,103,316 (i)1,265,644 (ii) 837,672 2136,600 1,757,635 54 1,757,635 60 /

1,998,285 0.349% (1,998,285) 68,300 0.011% 68,300 68,300 0.011% 68,300 1,171,688 0.195% 1,171,688 585,947 0.097% 585,947 3,892,520 0.664% (1,998,285) 1,894,235 / 61

XV2 3 336 2 1 450,000,000 71.419% Flying Company Limited 1 450,000,000 71.419% Sailing Group Limited 1 450,000,000 71.419% Coliving Limited 1 450,000,000 71.419% UBS Trustees (BVI) Limited 1 450,000,000 71.419% 1 Coliving Limited 47.71% Coliving Limited Coliving Limited Flying Company Limited 59.00% Sailing Group Limited 41.00%ColivingLimited Flying Company Limited Sailing Group Limited UBS Trustees (BVI) Limited UBS Nominees Limited Flying Company Limited Sailing Group Limited 2 630,080,426 XV23 336 62 /

8.10 A 52.8% 27.2% 20% 30% 14A.07(4) 14A.12(1) / 63

10,000,000 15,000,000 14 0.1% 5% 14A 10,000,000 57.7%26% 11.9% 4.4% 50% 64 /

(i) (i)(ii) (ii) (iii) (i) (ii) O2O / 65

O2O (i) O2O (ii) O2O (i) (ii) (iii) (iv) (v) (vi) 66 /

(1) 90% 100% 90% 10% (2) (3) 10,000 1% / 67

(4) (i) (ii) (iii) (5) (i) (ii) (iii) 68 /

(5) (i) (ii) (iii) (iv) (v) (i) (ii) / 69

(6) Biostime International Investment LimitedBiostime Investment Biostime Investment 2% 10% 100% 1 57.7% 26.0% 11.9% 4.4% 1. 70 /

120,000 / 71

(i) (ii) (i) (ii) 72 /

(i) 120,000 (ii) 3,000 (iii) 5% (i)(ii) (iii) (i) 1,000,000 / 73

5,730,000 7,800,000 10,060,000 5,220,000 6,900,000 8,520,000 510,000 900,000 1,540,000 19,300,000 32,910,000 62,210,000 1 1,000,000 26,030,000 40,710,000 72,270,000 1 74 /

57.7% 26% 11.9% 4.4% 14A(i) (ii) 14A.81 0.1% 5% 14A.76(2) 14A (i)(ii) (iii) 3000 740 14A.56 / 75

15,000,000 1,915,870 6,900,000 900,000 32,910,000 4,315,014 76 /

25% 18 35 / 77

80 182 78 /

1 22 / 79

5 4,818,561 4,731,563 (1,833,996) (1,804,632) 2,984,565 2,926,931 5 143,997 128,065 (1,975,832) (1,587,764) (280,144) (175,268) (214,237) (87,548) 6 (154,022) (86,673) 19 (387) 592 7 503,940 1,118,335 9 (210,619) (311,549) 293,321 806,786 45,978 (5,581) 70,560 116,538 (5,581) 409,859 801,205 251,461 806,786 41,860 293,321 806,786 352,242 801,205 57,617 409,859 801,205 11 0.41 1.34 0.40 1.31 80 /

12 546,995 478,032 13 61,765 63,243 14 4,956,392 76,000 15 2,864,699 104,110 16 124,003 130,302 17 54,896 53,531 18 8,513 15,741 19 40,205 40,592 19 40,000 20 17,901 18,810 24 70,159 1,146,183 30 198,061 128,896 24 250,000 9,193,589 2,295,440 21 856,224 797,027 22 622,842 12,043 23 218,980 137,467 19 40,000 17 21,984 39,457 27 2,728 2,570 24 1,677,000 24 1,198,235 3,347,157 4,637,993 4,335,721 25 618,711 294,542 26 1,125,549 737,494 27 19,005 28 4,740,450 175,609 235,588 6,679,324 1,267,624 (2,041,331) 3,068,097 7,152,258 5,363,537 / 81

7,152,258 5,363,537 29 2,659,057 2,410,526 26 28,696 30 863,912 35,924 3,551,665 2,446,450 3,600,593 2,917,087 32 5,387 5,197 29 66,978 66,978 35 3,219,137 2,844,912 3,291,502 2,917,087 309,091 3,600,593 2,917,087 82 /

# 5,161 182,696 (67,167) 26,992 95 304,524 26,791 35,235 (59,743) 2,061,009 # 2,515,593 2,515,593 806,786 806,786 806,786 (5,581) (5,581) (5,581) (5,581) 806,786 801,205 801,205 42,100 (42,100) 19 15,325 (1,373) 13,971 13,971 17 25,026 (24,373) 11,374 12,044 12,044 29 66,978 66,978 66,978 (210,508) (210,508) (210,508) (157,881) (157,881) (157,881) 10 (124,315) (124,315) (124,315) 5,197 198,021 66,978 (42,141) 26,992 95 346,624 25,418 10,862 (65,324) 2,344,365 # 2,917,087 2,917,087 # 2.2 / 83

5,197 198,021 66,978 (42,141) 26,992 95 346,624 25,418 10,862 (65,324) 2,344,365 2,917,087 2,917,087 251,461 251,461 41,860 293,321 30,221 30,221 15,757 45,978 70,560 70,560 70,560 100,781 251,461 352,242 57,617 409,859 11,602 (11,602) 37 252,592 252,592 168 226,799 226,967 226,967 33 22 19,005 (18,504) 696 1,219 1,219 34 (9,963) (9,963) (9,963) (1,118) (1,118) 10 (196,050) # (196,050) (196,050) 5,387 443,825* 66,978 (42,141)* 26,992* 95* 358,226* 6,914* 899* 35,457* 2,388,870* 3,291,502 309,091 3,600,593 * 3,219,317,000 2,844,912,000 # 1,109,000 215,000 84 /

503,940 1,118,335 5 (108,520) (105,034) 5 (10,177) (8,085) 6 154,022 86,673 7 18,490 19 387 (592) 7 58,629 41,879 7 27,066 7,310 7 1,478 1,478 7 4,355 97 7 7,694 984 7 3,936 7 (10,619) 4,488 7 (9,963) 12,044 640,718 1,159,577 34,707 173,882 (169,829) 3,139 (14,766) 13,340 (135,831) (67,093) 288,432 25,998 2,000 1,905 (289) 645,336 1,310,554 (279,604) (338,382) 365,732 972,172 / 85

365,732 972,172 (109,040) (134,597) 179 1,678 (3,711) (13,824) 37 (5,998,869) (48,847) 19 (40,000) 15,246 31,050 39,402 77,455 (40,000) 24 817,000 (2,000) 24 1,076,024 (291,309) (4,163,769) (460,394) 2,414,370 33 11,838 9,483 28 4,740,450 24 (1,927,000) (750,613) (57,622) (8,690) (196,050) (492,703) (1,118) 2,570,498 1,171,847 (1,227,539) 1,683,625 2,447,157 764,836 (104,383) (1,304) 1,115,235 2,447,157 24 1,115,235 2,447,157 86 /

1. Cricket Square, Hutchins Drive,P.O.Box 2681, Grand Cayman KY1-1111, Cayman Islands 50% (i) (ii) (iii) (iv) 10,0001% (v) / 87

1. * * * 73,010,000 100% 34,100,000 100% 1,000,000 100% Biostime Pharma 10,000 100% * Biostime International Investment Limited Biostime Investment Mama100 International Holdings LimitedMama100 Holdings 2,000,000 100% 814,999 100% 0.01 100% 100 88 /

1. Mama100 International Investment Limited Mama100 Investment Biostime Hong Kong Limited Biostime HK 1 100% 126,534,300 100% 301,664,558 100% * 10,000,000 100% ** 10,000,000 100% Healthy Times. Inc.Healthy Times*** 1,000 100% Biostime Healthy Hong Kong 1 100% Limited Biostime Healthy (BVI) 1 100% Limited Biostime Healthy (Cayman) 1 100% Limited Biostime Healthy II (BVI) 1 100% Limited Biostime Healthy Australia Pty 1 100% Ltd Biostime Healthy Australia 1 100% Holdings Pty Ltd / 89

1. Biostime Healthy Australia 1 100% Investment Pty Ltd Swisse Wellness Group Pty Ltd Swisse*** 6,963,111 83% Swisse Wellness Pty Ltd*** 100 83% S W International Pty Ltd*** 100 83% Swisse Wellness Pty Ltd(NZ) *** 10,100 83% Swisse Wellness (UK) Limited*** 1 83% Swisse China Limited 1 83% Noisy Beast Pty Ltd*** # 5,000 39% Noisy Beast UK Limited*** # 100 39% * ** *** 37 # 3Noisy Beast Pty Ltd Noisy Beast UK Limited 39% 90 /

1. 2.1 2,041.3 37Swisse83% 443.2 450.0 6.8 2,090.9 12 / 91

2.1 (a) (b) (c) (i) (ii) (iii) (i)(ii) (iii) 92 /

2.2 19 622 2.3 9 3 10 28 6 10 1 12 28 11 1 14 5 15 3 16 4 1 1 7 2 12 2 16 1 38 16 1 41 27 1 1 / 93

2.3 1 2 3 4 5 6 9 399 9 15 15 15 15 15 94 /

2.4 20% / 95

2.4 96 /

2.4 / 97

2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 98 /

2.4 5 4.5% 9% 25% 18% 50% 18% 25% 8% 38% / 99

2.4 1415 8 18 5 14 15 8 18 5 100 /

2.4 / 101

2.4 39 39 102 /

2.4 (a)(b) / 103

2.4 39 39 104 /

2.4 / 105

2.4 106 /

2.4 / 107

2.4 (a) (b) (c) (d) 33 34 108 /

2.4 / 109

2.4 622 110 /

2.4 3. Noisy Beast (UK) Limited Noisy Beast Pty Ltd 50% Noisy Beast (UK) Limited Noisy Beast Pty Ltd / 111

3. 70,560,000 34,404,000 112 /

3. 14 15 19,752,000 5,953,000 856,224,000 797,027,000 / 113

4. 37 Swisse (a) (b) (c) (d) (e) 10% 114 /

4. 3,355,849 849,903 389,384 113,715 109,710 4,818,561 2,124,119 520,916 258,568 55,971 24,991 2,984,565 118,697 25,300 (2,470,600) (154,022) 503,940 10,421 21,683 2,461 766 148 51,694 87,173 3,936 3,936 1,855 6,695 (10) (364) (482) 7,694 * 23,068 2,632,071 67,753 39,551 2,762,443 / 115

4. 3,981,575 425,094 151,420 173,474 4,731,563 2,466,913 303,707 74,345 81,966 2,926,931 113,119 14,946 (1,849,988) (86,673) 1,118,335 2,679 1,540 623 85 45,740 50,667 781 210 (93) 86 984 * 44,306 530 36 152,217 197,089 * 116 /

4. (a) 3,973,925 4,731,563 756,404 88,232 4,818,561 4,731,563 (b) 758,464 701,718 2,763,024 689 3,522,177 701,718 / 117

5. 4,818,561 4,731,563 108,520 105,034 10,177 8,085 988 1,239 17,348 10,581 6,964 3,126 143,997 128,065 6. 154,022 86,673 118 /

7. 1,826,302 1,803,648 12 58,629 41,879 15 27,066 7,310 13 1,478 1,478 4,006 2,900 * 83,980 49,724 52,124 55,255 4,355 97 8(a) 552,093 558,308 112,743 109,087 59,848 31,926 33 (10,619) 4,488 34 (9,963) 12,044 704,102 715,853 * 88,518 8,187 * 18,490 * 22 3,936 # 7,694 984 * # / 119

8. (a) 383(1)(a) (b) (c) (f) 2 1,780 1,780 9,501 4,123 363 9,445 (698) 288 (343) 411 151 134 8,974 14,401 10,754 16,181 33 34 120 /

8. (a) 200 6,235 244 (433) (216) 76 6,106 * 200 3,266 119 (266) (127) 76 3,268 400 9,501 363 (699) (343) 152 9,374 120 120 120 120 120 120 120 120 480 480 300 300 300 300 300 300 900 900 1,780 9,501 363 (699) (343) 152 10,754 * / 121

8. (a) 200 2,740 6,311 178 261 67 9,757 200 1,383 3,134 110 150 67 5,044 400 4,123 9,445 288 411 134 14,801 120 120 120 120 120 120 120 120 480 480 300 300 300 300 300 300 900 900 1,780 4,123 9,445 288 411 134 16,181 122 /

8. (b) 8(a) 7,135 4,037 3,246 10,328 (476) 257 (330) 681 151 200 9,726 15,503 3,500,001 4,000,000 1 4,000,001 5,000,000 2 5,000,001 6,000,000 6,000,001 7,000,000 1 7,000,001 8,000,000 1 3 3 33 34 / 123

9. 128,777 355,130 3,271 5,759 5,330 935 356 30 72,306 (49,696) 210,619 311,549 25% 16.5% 124 /

9. 30% 503,940 1,118,335 125,985 279,584 29,390 2,357 50,801 18,280 (8,322) (8,514) (5,194) 17,691 2,370 (1,423) 5% 5% 5,011 14,152 210,619 311,549 10. 0.26 124,315 0.41 196,944 321,259 / 125

11. 610,508,776 602,326,189 251,461 806,786 613,925,551 604,420,682 (3,416,775) (2,094,493) 610,508,776 602,326,189 10,983,717 11,632,885 621,492,493 613,959,074 126 /

12. 89,351 72,169 100,814 46,929 14,747 268,713 592,723 37 34,510 8,848 662 12,725 6,095 62,840 1,624 12,518 14,169 4,382 12,433 64,297 109,423 (6,301) (7,016) (517) (9,425) (23,259) 183,224 106,489 3,420 19,837 (313,367) (397)* 2,045 527 40 771 366 3,749 274,199 221,430 120,762 51,496 51,088 26,104 745,079 4,960 15,925 56,910 22,944 13,952 114,691 37 29,225 6,081 598 5,333 41,237 11,199 15,648 21,482 7,699 2,601 58,629 (5,991) (6,276) (809) (5,900) (18,976) 1,772 370 36 325 2,503 16,159 56,579 78,567 30,468 16,311 198,084 258,040 164,851 42,195 21,028 34,777 26,104 546,995 * 397,000 15 / 127

12. 89,337 64,325 85,379 33,889 14,461 113,039 400,430 14 6,616 16,730 14,916 286 156,996 195,558 (11) (1,274) (1,876) (3,161) 1,322 (1,322) (83) (21) (104) 89,351 72,169 100,814 46,929 14,747 268,713 592,723 8,786 36,988 16,333 12,136 74,243 4,960 7,177 21,051 6,875 1,816 41,879 (5) (1,117) (264) (1,386) (33) (12) (45) 4,960 15,925 56,910 22,944 13,952 114,691 84,391 56,244 43,904 23,985 795 268,713 478,032 128 /

13. 64,721 66,199 7 (1,478) (1,478) 63,243 64,721 23 (1,478) (1,478) 61,765 63,243 14. 76,000 76,000 37 4,613,711 266,681 4,956,392 76,000 4,956,392 76,000 / 129

14. 76,000 76,000 58,919 58,919 4,554,792 266,681 4,821,473 76,000 4,613,711 266,681 4,956,392 4%-5% 10%-20% 7%-19% 25%-26% 50%-56% 64% 3% 3% 3% 16.7% 17.9% 18.9% 130 /

15. 103,780 9,103 112,883 37 1,673,224 795,022 79,805 49,467 7,734 2,605,252 130 31,116 31,246 397 397 (793) (793) 100,753 47,871 4,805 2,979 466 156,874 1,774,107 103,780 842,893 84,610 52,446 48,023 2,905,859 5,766 3,007 8,773 37 5,082 5,082 5,766 14,677 2,578 852 3,193 27,066 (542) (542) 375 66 22 318 781 11,532 15,052 2,644 874 11,058 41,160 1,774,107 92,248 827,841 81,966 51,572 36,965 2,864,699 / 131

15. 103,780 7,572 111,352 1,531 1,531 103,780 9,103 112,883 1,463 1,463 5,766 1,544 7,310 5,766 3,007 8,773 98,014 6,096 104,110 5%-20% 11% 3% 132 /

16. 124,003 130,302 Isigny Sainte MèreISMISM 17,477,075 1 17,477,075 17,477,075 5 10 17. 21,984 39,457 54,896 53,531 76,880 92,988 3.00% 27,348 32,654 DKK CIBOR rate +1% 49,532 60,334 76,880 92,988 49% / 133

17. 27 18. 4,486 9,809 4,027 5,932 8,513 15,741 19. 40,205 40,592 40,000 40,000 3% 25 1 40 134 /

19. (387) 592 (387) 592 40,205 40,592 20. ISM 17,901 18,810 ISM Biostime Pharma ISM 5 504,585 ISM 20% Biostime Pharma ISM ISMISM ISM ISM Biostime Pharma ISMISM Biostime Pharma ISM Biostime Pharma Biostime Pharma 10%ISM / 135

20. ISM 2% ISM Biostime Pharma15 (i) 15 (ii)biostime Pharma ISM ISM 15 Biostime Pharma ISMBiostime Pharma ISM 21. 357,315 535,693 142,104 156,031 4,711 2,491 352,094 102,812 856,224 797,027 22. 625,013 1,529 3,000 10,514 628,013 12,043 (5,171) 622,842 12,043 136 /

22. 30 60 289,922 1,513 313,809 10,529 19,111 1 622,842 12,043 3,000,000 10,514,000 3,819 7 4,170 (2,584) 7 (234) 5,171 5,171,000 5,171,000 / 137

23. 4,578 31,172 3,164 1,202 159,732 87,330 50,028 16,285 13 1,478 1,478 218,980 137,467 24. 937,426 1,868,280 330,968 2,625,060 1,927,000 3,195,394 4,493,340 (70,159) (1,146,183) (1,677,000) (250,000) 1,198,235 3,347,157 (83,000) (900,000) 1,115,235 2,447,157 2,774,053 3,598,252 421,341 895,088 3,195,394 4,493,340 138 /

24. 25. 610,558 289,529 8,153 5,013 618,711 294,542 370,967 273,967 220,867 19,825 26,877 750 618,711 294,542 30 90 5,169,000 20,498,000 30 / 139

26. 50,061 11,725 66,702 87,900 708,457 402,252 78,655 114,187 31 23,707 31,397 226,663 90,033 1,154,245 737,494 (28,696) 1,125,549 737,494 27. (a) 2,728 2,570 (b) 5,559 (c) 13,446 2,728 19,005 2,570 (a) 17 2,728,000 2,570,000 2,000 (b) 5,559,000 5,421,000 140 /

27. (c) Swisse Biostime Healthy Australia Investment Pty Ltd Biostime Australia Investment Swisse Biostime Australia Investment Swisse Swisse Biostime Australia Holdings Pty LtdBiostime Australia Holdings 358,000 13,446,000 13,067,000 28. (%) (%) Libor+2.5% 2,900,929 4.140% 830,000 Libor+0.875% 779,236 Libor+1.2% 194,809 Libor+0.75% 35,476 4,740,450 / 141

28. (a) (i) 1,927,000,000 (ii) Biostime Hong Kong Limited Mama100 International Holdings Limited Mama100 International Investment Limited Biostime International Investment Limited Biostime Healthy (BVI) Limited Biostime Healthy (Cayman) Limited Biostime Healthy II (BVI) Limited Biostime Healthy Hong Kong Limited Biostime Healthy Australia Pty Ltd. Biostime Healthy Australia Holdings Biostime Healthy Australia Investment Swisse (iii) Biostime Hong Kong Limited Mama100 International Holdings Limited Mama100 International Investment Limited Biostime International Investment Limited Biostime Healthy (BVI) Limited Biostime Healthy (Cayman) Limited Biostime Healthy II (BVI) Limited Biostime Healthy Hong Kong Limited Biostime Healthy Australia Biostime Australia Holdings Biostime Australia Investment (iv) Biostime Healthy (BVI) Limited Biostime Healthy (Cayman) Limited Biostime Healthy II (BVI) Limited Biostime Healthy Hong Kong Limited Biostime Healthy Australia Pty Ltd. Biostime Australia Holdings Biostime Australia Investment Biostime Australia Investment Swisse (v) Swisse Swisse Wellness Pty Ltd SWG Holdco Pty Ltd (b) 830,000,000 3,874,974,00035,476,000 29. 3,100,000,000 90.84 142 /

29. (i) 30 20 130% (ii) 90% 115.34% 2,460,625 (66,978) (46,255) 2,347,392 77,983 (14,849) 2,410,526 95,015 153,516 2,659,057 / 143

30. 1,527 93,058 26,461 7,850 128,896 37 142,515 142,515 9 644 (88,474) 10,762 (1,923) (78,991) 5,641 5,641 2,171 152,740 37,223 5,927 198,061 1,266 89,108 20,576 12,942 123,892 9 261 3,950 5,885 (5,092) 5,004 1,527 93,058 26,461 7,850 128,896 144 /

30. 16,305 19,619 35,924 37 9,201 778,317 787,518 9 (4,938) 5,011 # (6,758) (6,685) 428 46,727 47,155 4,691 21,316 837,905 863,912 59,671 20,945 80,616 9 (43,366) # (1,326) (44,692) 16,305 19,619 35,924 # 5,011,000 14,152,000 57,518,000 / 145

30. 198,061 128,896 (863,912) (35,924) (665,851) 92,972 10% 5% 34,404,000 55,715,000 688,080,000 1,114,300,000 146 /

31. 31,397 51,768 380,858 416,114 (388,548) (436,485) 23,707 31,397 32. 10,000,000,000 10,000,000,000 0.01 100,000,000 100,000,000 630,080,426 606,825,765 0.01 6,300,804 6,068,258 5,387,000 5,197,000 / 147

32. 602,294,000 6,023 5,161 (a) 2,428,449 24 19 (b) 2,103,316 21 17 4,531,765 45 36 606,825,765 6,068 5,197 (c) 2,741,576 28 22 (d) 37 20,513,085 205 168 23,254,661 233 190 630,080,426 6,301 5,387 (a) 2,428,449 2.53 24.70 2,428,449 11,971,0009,483,000 (b) 0.012,103,31621,000 17,000 (c) 2,741,576 2.53 24.70 2,741,576 14,567,00011,838,000 (d) 20,513,08513.48Swisse 276,516,000 226,967,000 148 /

32. 33 34 33. (a) 2.53 (b) 11,150,249 (c) 30% 30% 40% (d) / 149

33. 329 11,150,249 1.00 25,068,000 (%) 0.00 0.00 0.00 (%) 57.06 57.06 57.06 (%) 1.77 1.77 1.77 4.81 5.31 5.81 2.53 6,929 2.53 9,179 2.53 (3,556) 2.53 (216) 2.53 (2,242) 2.53 (2,034) 2.53 1,131 2.53 6,929 33.34 49.00 150 /

33. 1,131 2.53 6,191,000 2,236,000 7,000 2,242,000 2,242,000 22,420 18,000 5,649,000 4,597,000 4,703,000 1,131,00011,000 9,000 2,850,000 2,388,000 813,000 0.1% 30% / 151

33. 10% 1% a0.1%b 5.0 281 (i) (ii)(iii) 152 /

33. 18,868,509 (a) 15.58 (b) 18,868,509 2,732,019 30% 30% 40% 18,868,50916,136,490 50% 30% 20% / 153

33. (c) (%) 8.48% 8.48% 8.48% (%) 42.70% 42.70% 42.70% (%) 1.21% 1.21% 1.21% ( ) 2,518 2,428 3,064 (%) 8.48% 8.48% 8.48% (%) 42.70% 42.70% 42.70% (%) 1.21% 1.21% 1.21% ( ) 24,898 14,599 9,282 154 /

33. 18.11 2,739 18.11 3,518 15.58 18,869* 18.19 (1,293) 19.26 (385) 17.58 (500) 17.31 (394) 15.71 19,815 18.11 2,739 * 723,075 35.19 46.24 / 155

33. * 84 15.312 79 11.52 90 90 12.12 6 92 19.64 202 24.70 135 192 15.312 130 199 11.52 90 90 12.12 152 152 19.64 343 307 24.70 256 15.312 266 11.52 120 12.12 201 19.64 409 24.70 820 15.58 820 15.58 1,093 15.58 8,068 15.58 4,841 15.58 3,227 15.58 19,815 2,739 * 156 /

33. 4,428,000 2,252,000 689,000 500,000 500,000 5,000 4,000 8,890,000 7,219,000 2,486,000 19,815,000 198,000 166,000 291,451,000 244,172,000 19,052,000 3.0% / 157

34. 10% 5% 1% 158 /

34. 645,600 12,783,000 932,817 12,301,000 (645,600) 932,817* 1,578,417 25,084,000 (645,600) 932,817 * 241,025 2,652,000 3,834,000 932,817 380,642 / 159

34. 40 1,998,285 40,588,000 68,300 1,173,000 68,300 1,173,000 1,171,688 14,474,000 585,947 7,238,000 (1,998,285) 68,300 68,300 1,171,688 585,947 3,892,520 64,646,000 (1,998,285) 1,894,235 2,103,316 8,210,000 8,210,000 899,000 1,809,501 293,815 160 /

35. 83 84 1% 1 30,221,000 2 70,560,000 10% 50% 25% / 161

36. Swisse 17% Swisse 39,924 Swisse 301,707 Swisse 855,135 (605,682) 249,453 231,191 482,170 63,950 (643,036) (33,387) 213,680 (10,062) (1,118) 202,500 162 /

37. (a) Swisse Swisse 83% Swisse (%) Swisse Wellness Group Pty Ltd 83% Swisse Wellness Pty Ltd 83% S W International Pty Ltd 83% Swisse Wellness Pty Ltd (NZ) 83% Swisse Wellness (UK) Limited 83% Noisy Beast Pty Ltd 39% Noisy Beast UK Limited 39% 1,449,901,000 6,490,037,000 1,213,000 5,404,674 (1) 50,000 226,967 22,631 125,901 (2) 164,270 732,495 1,449,901 6,490,037 (1) 13.48 20,513,08532 13.500.1% (2) Swisse 164,270,000732,495,000 Swisse 1,213,000,000 5,404,674,000 / 163

37. (a) Swisse Swisse 12 21,603 15 2,600,170 30 142,515 97,506 442,151 202,801 14,987 (81,312) (458,839) 30 (787,518) (5,869) 2,188,195 (252,592) 27 (358) 14 4,554,792 6,490,037 6,263,070 226,967 6,490,037 164 /

37. (a) Swisse Swisse 64,623,000 23,119,000 (6,263,070) 125,901 202,801 (5,934,368) (23,119) (5,957,487) Swisse 838,121,000 242,222,000 / 165

37. (b) Healthy Times Healthy Times 100% Healthy Times 10,372,000 64,558,000 Healthy Times 4,092 2,755 57 (1,161) (104) 5,639 14 58,919 64,558 64,558 Healthy Times 595,000 535,000 166 /

37. (b) Healthy Times (64,558) 57 (64,501) (535) (65,036) 38. Healthy Times 6,514,000 1,114,000 39. 28 40. 70,634 29,448 79,559 21,864 25,438 4,043 175,631 55,355 / 167

41. 40 825 28,467 24,206 28,467 25,031 42. (a) (i) 1,916 6,377 (ii) 84,876 25,498 (iii) 40,000 (i) (ii) (iii) 14A 3% (b) (i) 1,000 1,645,000 (ii) (iii) 25 19 168 /

42. (c) 8(a) 38,469 51,202 1,126 1,016 (1,890) 731 (2,214) 2,459 35,491 55,408 43. 16 124,003 124,003 17 76,880 76,880 19 40,000 40,000 20 17,901 17,901 24 70,159 70,159 22 622,842 622,842 162,896 162,896 27 2,728 2,728 24 1,927,000 1,927,000 24 1,198,235 1,198,235 17,901 2,728 4,222,015 4,242,644 / 169

43. 25 618,711 618,711 1,001,822 1,001,822 27 19,005 19,005 28 4,740,450 4,740,450 29 2,659,057 2,659,057 19,005 9,020,040 9,039,045 16 130,302 130,302 17 92,988 92,988 19 40,000 40,000 20 18,810 18,810 24 1,146,183 1,146,183 22 12,043 12,043 88,532 88,532 27 2,570 2,570 24 3,347,157 3,347,157 18,810 2,570 4,857,205 4,878,585 170 /

43. 25 294,542 294,542 488,482 488,482 28 29 2,410,526 2,410,526 3,193,550 3,193,550 44. 2,728 2,570 2,728 2,570 (5,559) (5,559) (13,446) (13,446) (19,005) (19,005) / 171

44. (a) (b) (c) (d) 172 /

44. 12.0% 13.0% 1% (WACC) 915,000 1% 1,336,000 9.19% 1% 9.38% 32,000 1% 33,000 14.85% 15.15% 1% (WACC) 524,000 1% 303,000 46.57% 1% 47.51% 558,000 1% 588,000 / 173

44. 2,728 2,728 2,570 2,570 2,570 5,936 (2) 160 (3,366) 2,728 2,570 174 /

44. 5,559 5,559 13,446 13,446 5,559 13,446 19,005 27 358 13,067 21 13,446 / 175

45. 2.4 50 (4,044) (50) 4,044 50 1,116 (50) (1,116) 0.17% 66% 83.8% 176 /

45. % 5 1,706 22,591 (5) (1,706) (22,591) 5 4,531 3,584 (5) (4,531) (3,584) 5 (327) (90,529) (5) 327 90,529 5 2,477 2,988 (5) (2,477) (2,988) 5 620 (5) (620) 5 (1,954) (5) 1,954 5 3,031 (5) (3,031) 5 1,092 (5) (1,092) / 177

45. 2,041 37 Swisse 83% 2,901 12 2,659,057,000 2,410,526,000 28,696,000 12 178 /

45. 10,230,989 3,714,074 13,831,582 6,631,161 74% 56% 46. 2.2 622 47. / 179

48. 23 8 54,896 53,531 4,000,822 3,790,750 3,646,583 355 335 7,702,679 3,844,624 4,833 31,393 1,260,073 1,456,603 239,894 1,117,106 21,984 39,457 2,728 2,570 26,440 477,303 1,555,952 3,124,432 36,236 30,567 923,557 52,294 52,701 13,561 1,398 974,045 1,986,539 97,820 (430,587) 3,026,612 7,272,092 6,871,236 2,659,057 2,410,526 4,613,035 4,460,710 180 /

48. 4,613,035 4,460,710 5,387 5,197 66,978 66,978 4,540,670 4,388,535 4,613,035 4,460,710 / 181

48. 182,696 (67,167) 3,260,270 26,791 35,235 (359,615) 375,309 3,453,519 7,677 1,026,854 1,034,531 15,325 (1,373) 13,952 25,026 (24,373) 11,374 12,027 66,978 66,978 (674) # (674) (505) # (505) (124,315) (124,315) 198,021 66,978 (42,141) 3,260,270 25,418 10,862 (351,938) 1,288,043 4,455,513 261,082 (130,930) 130,152 Swisse 226,799 226,799 19,005 (18,504) 696 1,197 (9,963) (9,963) (196,050) # (196,050) 443,825 66,978 (42,141) 3,260,270 6,914 899 (90,856) 961,759 4,607,648 # 1,109,000 215,000 2.4 49. 182 /

2,189,034 3,381,901 4,561,299 4,731,563 4,818,561 1,456,127 2,228,946 2,975,120 2,926,931 1,833,996 713,907 1,050,573 1,162,096 1,118,335 503,940 (186,556) (307,467) (341,381) (311,549) (210,619) 527,351 743,106 820,715 806,786 293,321 527,351 743,106 820,715 806,786 251,461 41,860 527,351 743,106 820,715 806,786 293,321 0.88 1.24 1.37 1.34 0.41 0.86 1.22 1.34 1.31 0.40 / 183

287,701 1,242,401 1,775,147 2,295,440 9,193,589 2,150,365 2,290,991 2,865,872 4,335,721 4,637,993 (415,054) (1,133,251) (2,044,810) (1,267,624) (6,679,324) (45,452) (77,489) (80,616) (2,446,450) (3,551,665) 1,977,560 2,322,652 2,515,593 2,917,087 3,600,593 1,977,560 2,322,652 2,515,593 2,917,087 3,291,502 309,091 1,977,560 2,322,652 2,515,593 2,917,087 3,600,593 184 /

Biostime International Holdings Limited