GREAT WATER EP HOLDINGS LIMITED (a) (b) (c) (d) (e) (f) (g) (h) (i) 1933 (j) (k)
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[] [] [ ] [ ] [ ] EPC O&M 12 31 2 28 2013 2014 2014 2015 % % % % EPC 42,147 67.1 25,624 21.0 1,739 90.5 1,975 18.5 68,365 55.9 42,147 67.1 93,989 76.9 1,739 90.5 1,975 18.5 2,807 4.5 722 0.6 8,148 76.4 16,666 26.5 18,967 15.5 19,473 31.0 19,689 16.1 8,148 76.4 O&M 1,196 1.9 8,544 7.0 182 9.5 539 5.1 62,816 100.0 122,222 100.0 1,921 100.0 10,662 100.0 1
2011 EPC 2013 12 EPC EPC (i) (ii) EPC BOT BOT EPC EPC 18 9 12 15% 20% 2
90 1 12 11 92% 1 36 17 47% 48 28 58% 28 2013 2014 12 31 2015 2 28 97.7%67.4% 96.6% 36.4%16.1% 71.0% EPC 2013 2014 12 31 3
2015 2 28 34.3%22.9% 7.1% 17.8%5.7% 3.1% 2013 2014 12 31 2015 2 28 47.3%17.6% 82.0% 26.5%11.9% 33.8% 2014 590 2014 16.3% 0.16% (i) (ii) (iii) 4
EPC 12 31 2 28 2013 2014 2014 2015 62,816 122,222 1,921 10,662 (47,093) (86,495) (1,453) (8,545) 15,723 35,727 468 2,117 9,745 26,607 (491) 654 8,217 22,712 (432) 475 9,942 24,345 1,202 487 2013 12 31 62.8 94.6% 2014 12 31 122.2 (i) 2014 12 31 (ii) 2014 12 31 O&M 2013 12 31 8.2 176.8% 2014 12 31 22.7 (i) (ii) [ ] 5
12 31 2 28 2013 2014 2015 22,713 24,541 24,718 49,648 102,697 93,467 34,320 60,492 50,773 15,328 42,205 42,694 35,475 63,890 64,377 2014 12 31 2 28 12 31 2013 2014 2015 6,439 10,810 (7,452) (606) (160) (292) (20,163) 3,440 (179) (14,330) 14,090 (7,923) 17,775 3,446 17,532 1 (4) 12 3,446 17,532 9,621 2013 12 31 20 20.2 2015 2 28 7.5 6
12 31 2013 2014 2 28 2015 1.4 1.7 1.8 1.3 1.6 1.7 12 31 2013 2014 2 28 2015 25.0% 29.2% 19.9% 13.1% 18.6% 4.5% 23.2% 35.5% 0.7% 11.4% 17.9% 0.4% 60.8 167.3 [ ] [ ] Oceanic ExpertWaterman Global [ ] [ ] [ ] Oceanic Expert Waterman Global Thinker Global Thinker Global Oceanic ExpertThinker GlobalWaterman Global [ ] [ ] 7
[ ] [ ] [ ] [ ] [ ] [ ]% [ ] [ ]% [ ] [ ]% [ ] [ ]% EPC [ ] [ ]% [ ] [ ]% [ ] EPC 8
[ ] [ ] [ ] [ ] [ ][ ] [] 22.8(i)7.3 [] (ii) 15.5 [ ] [ ] 2015 12 31 [ ] 2013 2014 12 31 2015 2 28 2015 2 28 O&M (i) 2 EPC 1 EPC (ii) 2 1 1 (iii) 2 76.7 17.9 2015 1 EPC 3 102.6 [ ] [ ] 2015 2 28 [ ] 2015 2 28 9
[ ] [ ] [ ] [ ] 1961 3 22 2014 3 3 622 2014 3 3 32 2015 3 25 10
Oceanic ExpertThinker Global Waterman Global [ ] 15 2015 [ ] [ ] 2015 E20 E20 [ ] E20 2007 3 16 2008 1 1 Euromonitor Euromonitor International Ltd. 11
Euromonitor [ ] Euromonitor [] 2015 2 6 2015 3 10 2001 8 2 12
2015 5 7 2015 5 26 [ ] 2015 4 28 [ ] [ ] [ ] [ ] [ ] 13
Oceanic Expert Oceanic Expert Investments Limited2015 1 12 2015 1 8 [ ] [ ] [ ] [ ][ ] [ ][ ] [ ] [ ] [ ] 1% 0.0027% 0.005% [ ] [ ][ ] [ ] [ ] [ ] [ ] 32 2014 3 3 [ ] [][] [ ] 14
[ ] [ ] [ ] [ ] [ ] [ ] 571 0.01 [ ] [ ] 1 4 6 [] [][ ] 15 15
Thinker Global The Thinker Global Limited2014 12 3 2015 1 6 2013 2014 12 31 2015 2 28 [ ] [ ][ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] S&B Law Company Limited Trung Khoa Kien Vu Environmental Protection (Vietnam) Company Limited2013 8 22 Waterman Global Waterman Global Limited2015 2 2 % 16
[ ] [] [] [ ] 17
[ ] BOT EPCEPC BOT O&M 18
7 0 14 19
[ ] [ ] 20
[ ] [ ] [ ] 21
[ ] [ ] 2013 12 31 62.8 2014 12 31 122.2 94.6% 2013 12 31 8.2 2014 12 31 22.7 176.8% 2013 12 31 25.0% 2014 12 31 29.2% 2014 1 5.7 O&M O&M 2013 59.3% 2014 86.7% 22
EPC EPC 67.1%76.9%18.5% EPC EPC 18 15 EPC 10 30% 2013 2014 12 31 2015 2 28 24.1 70.6 66.1 23
EPC EPC 24
EPC EPC 2013 2014 12 31 2015 2 28 47.5%18.6% 82.0% EPC 117.8 4 EPC 3 EPC EPC 25
[ ] 26
EPC EPC 27
25% 15% [] EPC 28
2015 4 17 4 2015 09171 2016 4 17 EPC H1N1 29
2013 12 EPC 25.3 2015 EPC 30
1978 2013 2014 12 31 2015 2 28 100%91.2% 84.6% 1978 31
25% 32
[ ] 2009 12 10 698 698 2008 1 1 698 698 33
2014 7 37 37 37 [ ] 2015 3 30 2015 6 1 19 19 34
19 [ ] [ ] [ ] [ ] 35
2006 7 14 36
1999 6 18 2000 2 1 2009 2013 37
[ ] [ ] [ ] [ ] [ ] [ ] [ ] 22.8 7.3 [ ] [ ] 15.5 1.8 0.7 2014 12 31 2015 2 28 13.0 2015 12 31 [ ] [ ] 38
[ ] 2015 12 31 [ ] [ ][ ] [ ] [ ] [ ] [][][] [ ] [ ] [ ] [ ] [ ] [] 39
[ ] [ ] [ ] 40
[ ] [ ] [ ] 41
[ ] [ ] [ ] 42
[ ] 1103 5 1 188 8 23 2301 881 16 301 86 3003 368 47 17 C [ ] 43
[ ] [ ] [ ] [ ] 28 19 [ ] [ ] 1 50 6003 [ ] A 10 Conyers Dill & Pearman Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1 1111 Cayman Islands S&B Law Company Limited 18th Floor, Center Building Hapulico Complex No.85 Vu Trong Phung Street, Thanh Xuan Dist. Hanoi, Vietnam [ ] [ ] 44
[ ] 1 22 26 38 3806 28 19 [ ] 45
Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1 1111 Cayman Islands 18 1 50 (HKICS, HKICPA) 1 6 D 11 1103 1 6 D 46
[ ] [ ] 2 2 12 2 www.greatwater.com.cn [ ] 47
EuromonitorE20 Euromonitor E20 Euromonitor E20 Euromonitor E20 [ ] [ ] Euromonitor E20 Euromonitor E20 Euromonitor E20 Euromonitor E20 457,500 200,000 Euromonitor 1972 E20 2000 E20 Euromonitor E20 Euromonitor E20 (i) (ii) (iii) (iv) Euromonitor E20 Euromonitor E20 Euromonitor E20 (i) (ii) 48
(iii) (iv) (v) Euromonitor E20 Euromonitor E20 1 650.0 640.0 630.0 620.0 610.0 600.0 590.0 580.0 570.0 596.5 1.0% 602.2 1.4% 610.7 614.2 0.6% 618.3 622.5 626.6 0.7% 0.7% 0.7% 0.7% 630.7 634.7 638.7 642.7 0.6% 0.6% 0.6% 1.6% 1.4% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 0.0% 09 13 14 19 0.9% 0.6% Euromonitor Euromonitor 20092013 0.9% 2013 6,183 Euromonitor 2014 2019 0.6% 2019 6,427 49
22013 1.7% 22.7% 63.4% 12.1% Euromonitor 2 2013 34.8% 2,152 Euromonitor (i) (ii) (iii) 3 70,000 58,970 61,730 65,880 68,430 69,490 60,000 50,000 40,000 30,000 35,520 37,980 42,790 46,270 48,510 09 13 14 19 8.1% 4.0% 20,000 2.7% -6.2% 10,000 0 23,450 23,750 23,090 22,160 20,980 2009 2010 2011 2012 2013 4.2% 1.5% Euromonitor 50
3 2013 695 2009 590 17.8%Euromonitor 2019 762 2014 2019 1.5% 20092013 2013 485 2009 355 36.6% Euromonitor 2014 2019 4.0% 2009 235 10.5% 2013 210 Euromonitor 4 70 60 58 50 40 30 20 43 15 16 23 19 20 33 21 38 25 34 29 42 34 44 39 46 20 48 49 16 09 14 15 19-4.6% 3.9% 10.8% -13.8% 10 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 E20 E20 2009 2010 20062010 51
2010 2011 2014 2015 2019 3.9% 2009 2014 2017 2015 2017 2017 2018 Euromonitor BOT BOT BOT BOT BOT BOT BOT BOT EPC EPC EPC 52
E20 (i) (ii) E20 1,000 590 2014 16.3%20.1% 0.16% 2014 1 A 5.6% 2 B 4.9% 3 C 3.2% 4 D 1.5% 5 E 1.1% E20 53
Euromonitor Euromonitor Euromonitor Euromonitor Euromonitor 2015 2010 77.5%60.1% 20% 85%70% 30% 2013 54
36.9% Euromonitor 2011 2015 4,300 Euromonitor 2015 5 1999 = 100 09 13 60,000 135.0 51,599 135.5 12.3% 46,027 135.0 50,000 134.5 40,000 36,483 134.0 0.2% 32,488 41,741 133.5 30,000 133.5 133.5 133.0 133.1 132.5 20,000 132.0 132.2 10,000 131.5 131.0 0 130.5 2009 2010 2011 2012 2013 55
5 2009 2013 132.2 135.0 2009 32,488 2013 51,599 12.3% 2013 16.1% Euromonitor 2015 Euromonitor 56
2015 2011 7 1 201531 (i) (ii) (iii) 57
2015 1 1 1 2 3 1 20 5 10 20 20 30 2 3 2 6 5 8 10 15 20 2 3 3 1.5 2 5 5 10 10 2 58
5,000 1,000 5,000 <1,000 10,000 4,000 10,000 <4,000 20,000 8,000 20,000 <8,000 10,000 2,000 10,000 <2,000 30,000 30,000 5,000 <5,000 2018 1 18 2000 9 25 2007 9 1 2007 3 29 (i) (ii) (iii) (iv) 59
2007 23 18 14 10 3 1 5 5 60
(i) (ii) (iii) (iv) 5,000 1,000 5,000 <1,000 10,000 4,000 10,000 <4,000 20,000 8,000 20,000 <8,000 10,000 2,000 10,000 <2,000 30,000 30,000 5,000 <5,000 2020 5 13 2004 1 13 2013 5 15 2013 7 18 2014 1 28 2014 7 29 3 61
1999 8 30 2000 1 1 2000 5 1 2 1 0.5 30 (i) (ii) 2014 4 24 2015 1 1 62
2000110 (i) 2007 3 16 2008 1 1 2007 12 6 2008 1 1 25% 63
15% 2013 15% 2015 11 (ii) 3% (iii) 17% (iv) 10% 10% 2006 8 21 2007 1 1 25% 5% 2009 2 20 (i) 64
(ii) 2009824 2009101 1994 7 5 1995 1 1 2009 8 27 2007 6 29 2008 1 1 2012 12 28 2010 10 28 2011 7 1 199943 2002324 5% 65
1996 1 9 1996 4 1 1997 1 14 2008 8 1 2014 7 4 37 66
(i) 1984 3 12 2009 10 1 (ii) 1982 2013 8 30 2002 8 3 2014 4 29 67
(i) (Foreign Contractor Permit) 3 1 2004 5 19 87/2004/QD-TTg 2013 12 Pacific Crystal Textiles Limited 68
(i) People's Committee of Hanoi City (i) (ii) (iii) (iv) (v) (ii) (Hanoi Public Security Department) (iii) 2013 12 11 0106342388 2015 1 1 69
FCWTFCWT (i) (ii) (i) (a) 1% (b) 5% 5% 1% 70
(a) 20% 22% 2014 1 1 2015 12 31 22% 200 2016 1 1 20% (b) 10% 5% (c) 2007 (i) (ii) (iii) (iv) (v) 2005 12 13 28/2005/PL- UBTVQH11 2013 3 18 06/2013/PL-UBTVQH13 71
10 2006 8 8 2006 9 8 2009 6 22 10 (i) (ii) 10 11 10 10 37 2014 7 4 (2014)37 37 37 37 10 2015 37 72
2015 3 25 2001 8 2012 12 1 10% 9 90% 2004 2014 2001 2001 8 2002 EPC 2003 2014 11 2003 O&M 2004 2006 2007 73
2009 2010 EPC 30,000 2013 A EPC 2014 2015 5 13 2015 3 25 20,000,000 2,000,000,000 0.01 2015 3 25 Oceanic ExpertWaterman Global 1 74
2001 8 2 1,000,000 90 2001 [ ] % 20% 200,000 20% 200,000 15% 150,000 10% 100,000 10% 100,000 5% 50,000 5% 50,000 5% 50,000 5% 50,000 5% 50,000 100% 1,000,000 75
(i) (ii) 2003 3 60% 53 14 600,000 70%20% 10% 2003 10 15 1 5 2004 10 18 5 10 2003 10 50% 2012 4 52%43% 5% 2012 4 48% 4.8 2012 6 76
2011 2011 2012 6 2012 7 12 29% 20% 2.9 2 51%29% 20% 2012 10 24 10 30 8.1 7.042 4.858 44%33.14% 22.86% 2014 10 17 4,070,071 3,333,300 736,771 30,000,000 33,333,300 39.6% 29.83%20.57% 10% 2015 3 10 2015 4 28 48,000,000 77
2015 5 7 48,000,000 2013 8 22 Oceanic Expert Thinker Global Waterman Global 90% 2015 3 1 2012 6 11 78
(i) (ii) (a) (b) [ ] (c) 11.12A(2) [ ] (a) 2014 12 5 406,770 1% 2014 6 30 [ ] 30% (b) Thinker Global 2015 1 8 50,000 1.00 1 79
Thinker Global 2014 12 3 50,000 1.00 1 2015 1 6 50,000 1.00 1 (c) Oceanic ExpertWaterman Global Oceanic Expert 2015 1 12 50,000 1.00 1 Waterman Global 2015 2 2 50,000 1.00 Thinker Global 1 201526 50,000 1.00 1 (d) 2015 3 25 20,000,000 2,000,000,000 0.01 0.01 Sharon Pierson 1 2015 3 25 0.01 1 Oceanic Expert Waterman Global 1 (e) 1 2015 3 10 1.00 1 2015 4 1 1.00 1 80
(f) 10% 2015 4 17 10% 4,067,700 2014 6 30 2015 6 30 45.11%33.14% 21.75% (g) 2015 4 28 48,000,000 2014 10 31 48 45.11%33.15% 21.74% 2015 5 21 (h) 2015 5 7 48,000,000 2014 10 31 48 2015 5 22 (i) 10% 2015 5 15 10% 4.8 2015630 90% 10% (j) 90% 10% 2015 5 25 90% 54 2015 4 3 2014 10 31 81
2015 6 2 10 10 2015 4 3 2014 10 31 [ ] (k) Oceanic ExpertWaterman Global 2015 6 2 90% Oceanic ExpertWaterman Global 24,416,400 17,939,425 11,769,175 [ ] Oceanic ExpertWaterman Global [ ] [ ] [ ] 2015 6 30 54,125,000 89 (l) 2015 6 2 89 54,125,000 2015 6 30 54,125,000 90% 82
100% Acute Capital Investments Limited 100% 39.6% 29.83% 20.57% 10% 100% 100% 1 2 83
1 100% 100% 100% 100% Thinker Global Acute Capital Investments Limited 100% 100% 100% 100% Oceanic Expert Waterman Global 40.6% 29.83% 19.57% 10% 100% 100% 100% 100% 2 100% 2 1 2 84
[ ] 1 100% 100% 100% Thinker Global 100% 100% 100% 100% Acute Capital Investments Limited 100% Oceanic Expert Waterman Global []% []% []% []% []% 100% 100% 100% 100% 2 100% 2 1 2 85
EPC EPC 8 EPC 5 3 10 BOT (i) O&M (ii) 2013 11 2014 1 2014 8 548,000 2014 11 10.8 86
12 31 2 28 2013 2014 2014 2015 % % % % EPC 42,147 67.1 25,624 21.0 1,739 90.5 1,975 18.5 68,365 55.9 42,147 67.1 93,989 76.9 1,739 90.5 1,975 18.5 2,807 4.5 722 0.6 8,148 76.4 16,666 26.5 18,967 15.5 19,473 31.0 19,689 16.1 8,148 76.4 O&M 1,196 1.9 8,544 7.0 182 9.5 539 5.1 62,816 100.0 122,222 100.0 1,921 100.0 10,662 100.0 4 EPC 3 163.6 117.8 EPC 2013 12 EPC 25.3 EPC 2013 2014 12 31 2015 2 28 8.8% 15.4% [ ] 87
3 13 EPC 7 12 [ ] 88
ISO 9001:2008 [ ] O&M O&M EPC O&M O&M 89
[ ] 2017 10 15 90
EPC EPC EPC 9 12 15% 20% [ ] EPC EPC O&M EPC EPC (i) (ii) (iii) (iv) EPC EPC EPC 5% EPC 18 12 91
BOT BOT BOT BOT EPC BOT 12 2013 11 (i) 4.1 (ii) 35.4 92
548,000 2014 11 1,600 10.8 (i) (ii) (i) (iii) (iv) 2015 6 O&M O&M (i) (ii) (iii) 93
2013 2014 12 31 2015 2 28 2013 12 31 1 EPC 4,400 IC 35,339 22,876 2015 7 2 35,412 16,448 94
3 EPC 4,000 14,548 11,419 4 EPC 74 7,482 7,482 5 4,075 2,808 61,033 97.2% 95
2014 12 31 1 960,000 19,286 19,286 2 35,412 18,964 3 40,000 15,778 15,778 96
4 EPC 4,500 25,305 10,715 2015 9 5 25,000 10,706 10,706 75,449 61.7% 97
2015 2 28 1 10,820 7,569 2015 6 2 EPC 4,500 25,305 1,641 2015 9 3 4,075 455 98
4 EPC 4,400 35,339 334 2015 7 5 O&M 2,000 1,811 1 302 2054 6 2 10,301 96.6% (1) (2) O&M 2054 6 99
2013 2014 12 31 2015 2 28 EPC 67.1%76.9% 18.5% (i) (ii) (iii) (iv) ph 100
101
EPC EPC EPC 102
EPC 1 12 11 92% 1 36 17 47% 48 28 58% 103
EPC 104
EPC 2013 2014 12 31 2015 2 28 22.4 16.1 7.0 47.5%18.6% 82.0% 12 105
EPC 9 12 15% 20% 90 EPC [ ] 2015 2 28 EPC 3 15,185 2015 2 28 2012 12 12 EPC 4,400 35,339 33,240 2,099 2015 7 2013 12 23 EPC 4,500 25,305 12,356 12,949 2015 9 2013 5 7 EPC 375 238 137 2015 6 15,185 106
EPC 4 37,185 3 80,607 7 117,792 2012 12 12 EPC 4,400 35,339 33,240 2,099 2015 7 2013 12 23 EPC 4,500 25,305 12,356 12,949 2015 9 2013 5 7 EPC 375 238 137 2015 6 2015 3 13 100,000 48,205 48,205 2015 12 2015 3 16 15,000 4,197 4,197 2015 12 107
2015 4 14 180,000 28,205 28,205 2015 12 2015 4 15 EPC 1,000 22,000 22,000 2016 6 117,792 EPC BOT 108
2013 2014 12 31 2015 2 28 2013 12 31 A 1 EPC 1 2.5 30 22,876 36.4 B 2 2 1.5 30 19,256 30.6 C 3 EPC 1 3 30 11,419 18.2 D 4 EPC 1 2 30 7,482 11.9 E 5 O&M 1 12 30 360 0.6 61,393 97.7 1. A 2. B 3. C 4. D 5. E 109
2014 12 31 B 2 1.5 30 19,686 16.1 F 1 1 1.5 30 19,286 15.8 G 2 2 2 30 16,911 13.8 H 3 1 1 30 15,778 12.9 I 4 EPC 1 1.5 30 10,715 8.8 82,376 67.4 1. F 2. G 3. H 4. I 110
2015 2 28 J 1 1 1.5 30 7,569 71.0 I EPC 1 1.5 30 1,641 15.4 B 1 1.5 30 455 4.3 A EPC 1 2.5 30 334 3.1 K 2 O&M 1 1 30 302 2.8 10,301 96.6 1. J 2. K 2013 2014 12 31 2015 2 28 61.4 82.4 10.3 97.7%67.4% 96.6% 22.9 19.7 7.6 36.4%16.1% 71.0% BOT BOT 111
5% EPC EPC 18 15 EPC 10% 30% 50% 10% 30% 30% 30% 5% 10% 112
12 5% 10% EPC (i) (ii) (iii) (iv) 30 113
2013 2014 12 31 2015 2 28 101.1 141.3 378.0 2013 12 31 2014 12 31 2015 2 28 24.170.6 66.1 748,000 1.8 1.8 [ ] [ ] 114
2013 12 31 % A 1 2 30 90 8,387 17.8 B 2 1.5 30 90 2,715 5.8 C 3 2 30 90 2,292 4.9 4 D 1.5 30 90 1,381 2.9 E 5 2 30 90 1,368 2.9 16,143 34.3 1. A 2. B 3. C 4. D 5. E 115
2014 12 31 F 1 0.5 30 90 4,963 5.7 G 2 1 30 90 4,487 5.2 C 2 30 90 3,844 4.4 H 3 1 30 90 3,684 4.3 I 4 0.5 30 90 2,837 3.3 19,815 22.9 1. F 2. G 3. H 4. I 116
2015 2 28 J 1 1 30 90 265 3.1 K 2 1.5 30 90 112 1.3 L 3 0.5 30 90 95 1.1 M 4 0.5 30 90 87 1.0 N 5 1 30 90 48 0.6 607 7.1 1. J 2. K 3. L 4. M 5. N 2013 2014 12 31 2015 2 28 34.3%22.9% 7.1% 17.8%5.7% 3.1% 5% 117
10% 30% 5% 10% 30 90 2013 2014 12 31 2015 2 28 111.1 152.0 294.1 2013 2014 12 31 2015 2 28 3.8 3.4 5.6 EPC 118
2013 12 31 % A 1 2 30 90 12,495 26.5 B 2 2 30 90 4,184 8.9 C 3 2 30 90 3,302 7.0 D 4 A E 5 G 2 30 90 2,170 4.6 2 30 90 114 0.3 22,265 47.3 1. A 2. B 3. C 4. D D A 5. E E G 2014 12 31 119
2014 12 31 % F 1 1 30 90 10,302 11.9 A 2 30 90 2,205 2.5 G 2 2 30 90 1,094 1.3 H 3 8 30 90 920 1.1 4 I 1 30 90 701 0.8 15,222 17.6 1. F 2. G 3. H 4. I 120
2015 2 28 % J 1 0.5 30 90 2,887 33.8 K 2 0.5 30 90 1,743 20.4 F 1 30 90 1,592 18.6 L 3 0.5 30 90 676 7.9 E G 2 30 90 110 1.3 7,008 82.0 1. J 2. K 3. L 2013 2014 12 31 2015 2 28 47.3%17.6% 82.0% 26.5%11.9% 33.8% 5% 121
10% 30% 12 5% 10% (i) (ii) (iii) 122
12 [ ] 2013 2014 12 31 2015 2 28 440,000 109,000 123
EPC www.greatwater.com.cn [ ] 2. 124
2004 2010 GB/ T 19001 2008/ISO 9001:2008 2011 2011 2012 2013 2014 A 2012 2013 2014 11 2010 GB/T 19001 2008/ISO 9001:2008 2016 10 21 125
2010 9 ISO 9001:2008 8 [ ] 126
2013 3 2013 3 [ ] (i) (ii) 2013 3 24 127
128
(i) (ii) 2015 6 2014 16.3% (i) (ii) 129
(iii) [ ] 18 4,178 7,356 2,661 4,695 187,035 [ ] 2015 3 31 31.5 1,116 2015 3 31 720,000 130
2015 1 27 House No. 22, Lot C, Resettlement Zone, 218 Doi Can Street, Lieu Giai Ward, Ba Dinh District, Hanoi City, Vietnam 150 2015 1 27 2016 1 26 20 7,380 2013 12 31 2014 12 31 2015 2 28 48 63 65 80 75 5 2013 12 31 2014 12 31 2015 2 28 12 31 2 28 2013 2014 2015 4 5 5 5 4 5 5 5 6 4 5 9 3 4 5 5 O&M 5 10 11 15 12 15 14 21 13 15 15 15 5 5 5 48 63 65 80 131
2013 2014 12 31 2015 2 28 4.1 5.3 993,000 2013 2014 12 31 2015 2 28 2 28 12 31 2013 2014 2015 1,276 1,327 443 438 521 107 2,409 3,486 443 4,123 5,334 993 132
[ ] 1. 2013 1 18 2018 1 18 5 133
2. 2015 5 13 2020 5 13 3. 2013 7 26 2016 7 26 134
(i) (ii) (i) (ii) (iii) (iv) (v) 135
52 2001 8 2015 3 25 2015 5 27 32 2007 1 2015 5 27 38 2012 6 2015 3 25 2015 5 27 34 2012 6 2015 3 25 2015 5 27 43 2015 2015 56 2015 2015 47 2015 2015 136
38 45 2008 2 2008 2 2012 9 2012 9 35 2007 2 2007 2 41 2015 3 2015 5 27 52 13 2001 8 1996 2001 1981 7 1988 1 2003 11 2004 11 137
1989 12 1988 11 1989 12 12 19893 1989 5 1,000 1989 7 138
1989 12 1991 6 5.01 5.02 15 1991 32 9 2007 1 2007 11 2008 3 2009 1 2014 3 2005 7 2011 1 38 2015 3 25 2015 5 27 2012 6 139
2007 9 1998 6 2007 12 Power Winner Development Limited 2015 3 20 750 34 2015 3 25 2015 5 27 2012 6 2010 9 2009 7 2010 7 2002 7 2005 5 2009 7 43 2015 22 2010 11 2006 10 2010 10 2001 10 140
2006 10 1992 7 56 2015 33 2012 1 2000 12 2009 6 2001 12 2009 5 1997 11 1982 12 1985 9 1991 10 2008 11 2014 12 002584 47 2015 8178 2015 5 141
646 2015 3 1318 2012 12 1918 2009 6 5820 1989 6 38 2008 2 12 2003 1 2007 7 1999 7 2008 12 2010 2 45 2012 9 12 2002 7 2010 7 142
1991 7 1995 6 35 2007 2 15 2001 8 2006 6 2000 7 2005 7 2006 2 2012 2 41 20153 2015 5 27 15 2012 9 2014 7 6828 2007 5 2012 7 1103 1997 5 2006 12 143
2015 5.28 15 C.3.3 2015 15 A.5.2 144
2015 5.34 15 B.1.3 A.2.1 15 145
2013 2014 12 31 2015 2 28 421,000 480,000 85,000 2013 2014 12 31 2015 2 28 596,000 701,000 118,000 2015 12 31 640,000 2013 2014 12 31 2015 2 28 2013 2014 12 31 2015 2 28 (i) (ii) (iii) [ ] 17.50(2)(h) 17.50(v) 146
6A.23 [ ] [ ] [ ] [ ] 2017 12 31 (a) (b) (c) [ ] [ ] [ ] (d) 17.11 [ ] 147
[ ] Oceanic ExpertWaterman Global [ ] [ ] [ ] Oceanic Expert Waterman Global Thinker Global Thinker Global Oceanic ExpertThinker GlobalWaterman Global Oceanic ExpertWaterman GlobalThinker Global Oceanic ExpertThinker GlobalWaterman Global 11.04 11.04 [ ] [ ] 148
Oceanic ExpertThinker GlobalWaterman Global (a) 149
(b) (c) (i) 10% (ii) 5% (i) [ ](ii) 30% (iii) (a) (i) (ii) (b) (i) (ii) (30) 150
(i) (ii) (a) (b) (c) (20) (d) 151
[ ] XV 2 3 10% 1 Oceanic Expert [ ](L) [ ]% 2 [ ](L) [ ]% 2 [ ](L) [ ]% Waterman Global [ ](L) [ ]% Thinker Global 3 [ ](L) [ ]% 3 [ ](L) [ ]% [ ](L) [ ]% 4 [ ](L) [ ]% 4 [ ](L) [ ]% 5 [ ](L) [ ]% Acute Capital Investments Limited 5 [ ](L) [ ]% 5 [ ](L) [ ]% 152
1. L 2. Oceanic Expert Oceanic Expert 3. Thinker Global Thinker GlobalWaterman Global Waterman Global 4. 5. Acute Capital Acute Capital [ ] [ ] [ ] XV 2 3 10% 153
[ ] [ ] [ ] 2,000,000,000 20,000,000 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 11.23(7) [ ]% [ ]% [ ] [ ] [ ] [ ] [] (a) [ ] 20% (b) 154
(a) (b) (c) [ ] 2015 [ ] [ ] 10% [ ] [ ] [ ] (d) (e) (f) [ ] 2015 155
(i)(ii) (iii) (iv) (v) [ ] 2. [ ] 2. 156
[ ] 2013 2014 12 31 2015 2 28 2013 2014 12 31 2015 2 28 [ ] [ ] [ ] 2013 12 31 62.8 94.6% 2014 12 31 122.2 2013 12 31 8.2 176.8% 2014 12 31 22.7 2014 2 28 1.9 2015 2 28 10.7 463.2% 2014 2 28 0.4 2015 2 28 0.5 2015 3 25 2015 6 2 [ ] [ ] 157
[ ] [ ] 2.4 3 EPC 158
O&M O&M 159
160
(a) (b) 161
2015 2017 2014 162
BOT EPC EPC 163
2 28 12 31 2013 2014 2013 2014 2015 +15% (3,395.3) (10,188.0) (2,862.9) (8,773.1) (119.0) (101.9) +10% (2,263.5) (6,792.0) (1,908.6) (5,848.7) (79.3) (67.9) +5% (1,131.8) (3,396.0) (954.3) (2,924.4) (39.6) (34.0) 5% 1,131.8 3,396.0 954.3 2,924.4 39.6 34.0 10% 2,263.5 6,792.0 1,908.6 5,848.7 79.3 67.9 15% 3,395.3 10,188.0 2,862.9 8,773.1 119.0 101.9 +15% (3,355.8) (2,414.9) (2,829.6) (2,079.6) (1,051.2) (900.4) +10% (2,237.2) (1,609.9) (1,886.4) (1,386.4) (700.8) (600.3) +5% (1,118.6) (804.9) (943.2) (693.2) (350.4) (300.1) 5% 1,118.6 804.9 943.2 693.2 350.4 300.1 10% 2,237.2 1,609.9 1,886.4 1,386.4 700.8 600.3 15% 3,355.8 2,414.9 2,829.6 2,079.6 1,051.2 900.4 164
[ ] 2013 2014 12 31 2015 2 28 15.7%14.6% 27.4% 25% 2012 11 15% 2015 11 25% 165
2015 12 31 22% 2016 1 1 200 20% [] 12 31 2 28 2013 2014 2014 2015 62,816 122,222 1,921 10,662 (47,093) (86,495) (1,453) (8,545) 15,723 35,727 468 2,117 2,076 2,449 354 348 (816) (989) (117) (204) (7,074) (10,316) (1,196) (1,577) (1) (104) (30) (163) (160) 9,745 26,607 (491) 654 (1,528) (3,895) 59 (179) 8,217 22,712 (432) 475 (1) 1,725 1,633 1,634 12 9,942 24,345 1,202 487 (2) 25.0% 29.2% 24.4% 19.9% (3) 13.1% 18.6% (5) 4.5% (4) 13.1% 19.8% (5) 10.0% 166
(1) (2) (3) (4) [ ] [ ] (5) 2014 2 28 2013 2014 12 31 2014 2015 2 28 62.8 122.2 1.9 10.7 12 31 2 28 2013 2014 2014 2015 % (1) % (1) % (1) % (1) EPC 42,147 67.1 5 25,624 21.0 7 1,739 90.5 2 1,975 18.5 2 68,365 55.9 6 42,147 67.1 5 93,989 76.9 13 1,739 90.5 2 1,975 18.5 2 2,807 4.5 1 722 0.6 1 8,148 76.4 3 16,666 26.5 4 18,967 15.5 2 19,473 31.0 5 19,689 16.1 3 8,148 76.4 3 O&M 1,196 1.9 7 8,544 7.0 11 182 9.5 4 539 5.1 7 62,816 100.0 17 122,222 100.0 27 1,921 100.0 6 10,662 100.0 12 (1) 167
2013 2014 12 31 2014 2015 2 28 67.1%76.9%90.5% 18.5% EPC 2013 2014 12 31 2014 2015 2 28 EPC 67.1% 21.0%90.5% 18.5% EPC BOT 2013 12 31 2015 2 28 2014 12 31 68.4 55.9% (i) 2013 2014 12 31 2.8 0.7 (ii) 10.8 2013 2014 12 31 2014 2015 2 28 4.5%0.6% 76.4% 2013 2014 12 31 2013 2014 35.4 168
O&M EPC (i) O&M (ii) 2013 2014 12 31 2014 2015 2 28 O&M 1.9%7.0%9.5% 5.1% 2013 2014 12 31 2015 2 28 1727 12 2013 12 31 2.8 22.9 97.2% 2014 12 31 10.7 19.3 61.7% 2015 2 28 0.3 7.6 96.6% [ ] EPC O&M 12 31 2 28 2013 2014 2014 2015 % % % % 22,635 48.1 67,920 78.5 30 2.1 793 9.3 22,372 47.5 16,099 18.6 1,234 84.9 7,008 82.0 1,276 2.7 1,327 1.6 123 8.5 443 5.2 810 1.7 1,149 1.3 66 4.5 301 3.5 47,093 100.0 86,495 100.0 1,453 100.0 8,545 100.0 169
(i)epc (ii) EPC EPC O&M 3% 2013 2014 12 31 2014 2015 2 28 15.7 35.7 0.5 2.1 25.0%29.2%24.4% 19.9% 170
12 31 2 28 2013 2014 2014 2015 % % % % EPC 10,115 24.0% 2,993 11.7% 352 20.2% 72 3.7% 22,114 32.3% 10,115 24.0% 25,107 26.7% 352 20.2% 72 3.7% 460 16.4% 130 18.0% 1,776 21.8% 4,439 26.6% 3,082 16.3% 4,899 25.2% 3,212 16.3% 1,776 21.8% O&M 709 59.3% 7,408 86.7% 116 63.7% 269 49.9% 15,723 25.0% 35,727 29.2% 468 24.4% 2,117 19.9% 2013 2014 12 31 2014 2015 2 28 10.1 25.1 0.4 0.1 24.0%26.7%20.2% 3.7% EPC (i) EPC (ii) EPC 3 5% EPC 171
(iii) BOT 2013 2014 12 31 2014 2015 2 28 4.93.21.8 25.2%16.3% 21.8% 2013 2014 12 31 2015 2 28 2013 2014 12 31 2015 2 28 O&M 2013 2014 12 31 2014 2015 2 28 O&M 0.77.40.1 0.3 59.3%86.7%63.7% 49.9%O&M EPC 172
12 31 2 28 2013 2014 2014 2015 1,132 1,863 354 314 316 384 564 147 64 44 11 34 2,076 2,449 354 348 (i) (ii) (iii) (iv) 12 31 2 28 2013 2014 2014 2015 438 521 84 107 139 330 9 83 110 3 129 135 24 14 816 989 117 204 173
0.8 1.0 0.1 0.2 2013 2014 12 31 2014 2015 2 28 1.3%0.8%6.1% 1.9% 53.7%52.7%71.8% 52.5% 12 31 2 28 2013 2014 2014 2015 2,409 3,486 398 443 1,632 2,350 326 239 123 1,867 4 594 1,215 904 176 118 603 702 122 51 315 234 23 32 777 773 147 100 7,074 10,316 1,196 1,577 7.1 10.3 1.2 1.6 2013 2014 12 31 2014 2015 2 28 11.3%8.4%62.3% 14.8% 34.1%33.8%33.3% 28.1% 2014 12 31 2015 2 28 [ ] 1.4 1.8 0.6 0.7 174
2013 2014 12 31 2014 2015 2 28 163,000 160,000 2013 2014 12 31 5.6% 6.2% 12 31 2 28 2013 2014 2014 2015 (1) 1,498 4,151 30 (256) (59) 179 1,528 3,895 (59) 179 (1) 22% 2013 2014 12 31 2015 2 28 15.7%14.6% 27.4% 25% 175
15% 2015 11 25% 2015 2 28 2013 12 31 2014 12 31 2013 12 31 62.8 59.4 2014 12 31 122.2 94.6% (i) 2014 12 31 70.7 (ii) 2014 12 31 O&M 7.3 2013 2014 12 31 42.1 51.9 94.0 123.3%2014 2014 68.4 10 EPC 2013 12 31 42.1 2014 12 31 25.6 2014 176
EPC EPC 2014 25.3 10.7 2013 2014 12 31 19.5 19.7 2.8 0.7 16.7 19.0 O&M O&M 2013 12 31 1.2 2014 12 31 8.5 2014 1 5.7 2013 12 31 47.1 39.4 2014 12 31 86.5 83.7% 2014 2013 12 31 22.6 45.3 2014 12 31 67.9 2013 12 31 16.7 2014 12 31 87.3 2013 12 31 22.4 6.3 2014 12 31 16.1 EPC 177
2014 EPC 2013 2014 2014 2013 2013 12 31 15.7 20.0 127.4% 2014 12 31 35.7 2013 25.0% 2014 29.2%2014 EPC O&M 2013 12 31 10.1 15.0 2014 12 31 25.1 148.5%2013 2014 24.0% 26.7% 2013 2014 22.1 2014 32.3% EPC EPC 2013 24.0% 2014 11.7% (i) 2013 7.5 EPC 2013 4.0 53.2% (ii) 2014 3% 2013 12 31 4.9 1.7 2014 12 31 3.2 34.7% 2013 2014 2014 178
O&M O&M 2013 12 31 0.7 6.7 2014 12 31 7.4 957.1% 59.3% 86.7% O&M 2013 12 31 2.1 0.3 14.3% 2014 12 31 2.4 0.7 0.4 2013 12 31 0.8 0.2 25.0% 2014 12 31 1.0 (i) 83,000 (ii) 191,000 2013 12 31 7.1 3.2 45.1% 2014 12 31 10.3 (i) 1.1 (ii) [ ] [ ] 1.4 (iii) 0.7 2013 12 31 1,000 103,000 2014 12 31 104,000 2014 O&M 179
20131231 163,000 3,0001.8% 2014 12 31 160,000 2014 2013 12 31 9.7 16.9 174.2% 2014 12 31 26.6 2013 12 31 1.5 2.4 160.0% 2014 12 31 3.9 2013 12 31 15.7% 2014 12 31 14.6% 2014 2013 12 31 8.2 14.5 176.8% 2014 12 31 22.7 2013 12 31 13.1% 2014 12 31 18.6% (i) 2014 EPC (ii) 2015 2 28 2014 2 28 2014 2 28 1.9 8.8 2015 2 28 10.7 463.2% 2015 2 28 7.7 2014 2015 2 28 1.7 0.3 2.0 17.6% EPC 180
2014 2 28 1.5 7.0 2015 8.5 466.7% 2014 2 28 0.5 1.6 2015 2.1 320.0% 2014 2 28 24.4% 2015 19.9% 2014 2 28 354,000 6,000 2015 2 28 348,000 1.7% 2014 2 28 117,000 87,000 2015 2 28 204,000 74.4% 2014 2 28 1.2 0.4 2015 2 28 1.6 33.3% (i) (ii) [ ] [ ] 2014 2 28 0.5 2015 2 28 0.7 2015 2014 181
2014 2 28 59,000 2015 2 28 179,000 2014 2 28 0.4 2015 2 28 0.5 2015 2 28 4.5% (i) (ii) [ ] (iii) 2 28 12 31 2013 2014 2015 6,439 10,810 (7,452) (606) (160) (292) (20,163) 3,440 (179) (14,330) 14,090 (7,923) 17,775 3,446 17,532 1 (4) 12 3,446 17,532 9,621 182
O&M 2015 2 28 7.5 0.7 4.5 (i) 6.1 (ii) 2.6 [ ] (iii) 2.2 2014 12 31 10.8 26.6 (i) 0.9 0.4 (ii) 46.5 (iii) (a) 19.2(b) 6.8 EPC [ ] 2013 12 31 6.4 9.7 (i) 1.2 0.3(ii) (a) 13.8 (b) 13.4 (iii) 24.1 2015 2 28 0.3 20141231 0.2 183
20131231 0.6 0.6 2015 2 28 0.2 [ ] 2014 12 31 3.4 (i) 4.1 (ii) [ ] 2013 12 31 20.2 20.0 12 31 2 28 4 30 2013 2014 2015 2015 3,844 3,422 5,620 5,625 10,459 6,054 6,127 7,775 24,093 70,558 66,078 56,726 7,806 5,131 6,021 25,948 3,446 17,532 9,621 23,772 49,648 102,697 93,467 119,846 184
12 31 2 28 4 30 2013 2014 2015 2015 26,398 45,636 39,543 38,901 1,709 290 4,769 11,562 8,984 20,870 1,444 3,004 2,246 3,341 15,000 34,320 60,492 50,773 78,112 15,328 42,205 42,694 41,734 2013 12 31 15.3 26.9 2014 12 31 42.2 (i) 2014 46.5 (ii) 2014 14.1 (iii) 4.4 (iv) 19.2 6.8 2015228 0.5 42.7 (i) 7.9 (ii) 4.5 (iii) 6.1 2.6 2015 4 30 1.0 41.7 (i) 9.4 (ii) 11.9 (iii) 19.9 (iv) 15.0 14.2 185
EPC 20131231201412312015228 3.8 3.45.67.7% 3.3% 6.0% 2013 12 31 2014 12 31 2015 2 28 2015 5 31 2015 2 28 365 59 2013 2014 12 31 29.8 14.4 EPC EPC 186
12 31 2 28 2013 2014 2015 10,459 6,054 6,127 1,709 290 EPC 2014 2015 2 28 2014 73,000 1.2% 2015 2 28 (i) EPC O&M (ii) 5% 10% 6 12 12 31 2 28 2013 2014 2015 24,093 67,808 64,528 2,750 1,550 24,093 70,558 66,078 2013 12 31 24.1 2014 1231 70.6 20141231 60% 2014 187
2015 2 28 2014 12 31 4.5 12 31 2 28 2013 2014 2015 % % % 1 12,485 51.8 23,163 34.2 7,169 11.1 1 3 6,076 25.2 26,471 39.0 24,610 38.1 3 1 4,009 16.7 13,436 19.8 29,810 46.2 1 2 775 3.2 2,962 4.4 1,163 1.8 23,345 96.9 66,032 97.4 62,752 97.2 748 3.1 1,776 2.6 1,776 2.8 24,093 100.0 67,808 100.0 64,528 100.0 30 3 2013 2014 12 31 2015 2 28 101.1 141.3 378.0 36559 2014 2013 2014 2015 2 28 2014 20152 2015 2015 5 31 2015 2 28 22.2% 2015 188
2 28 [ ] 2013 12 31 7.8 2014 12 31 5.1 (i) 2.9 (ii) 1.5 (iii) 0.7 (iv) 2014 0.6 2015 2 28 2014 12 31 0.9 (i) 1.4 (ii) 0.7 (iii) 0.8 2013 12 31 2015 2 28 1.6 0.2 EPC 2013 12 31 26.4 2014 12 31 45.6 189
2015 2 28 2014 12 31 39.5 2015 5 31 2015 2 28 14.9% 2013 2014 12 31 2015 2 28 111.1 152.0 294.1 365 59 2014 2013 (i) 2014 (ii) 2015 2 28 2015 2 28 2014 12 31 2 28 2013 2014 2015 1 25,058 20,247 6,811 1 3 258 7,831 14,258 3 1 1,026 11,359 15,050 1 56 6,199 3,424 26,398 45,636 39,543 2013 12 31 2014 12 31 2015 2 28 0.2%13.6% 8.7% 2014 12 31 2015 2 28 2014 30 90 190
[ ] 12 31 2 28 2013 2014 2015 4,305 7,702 4,914 464 3,860 4,070 4,769 11,562 8,984 2013 2014 12 31 3.4 (i) [ ] (ii)2014 2014 12 31 3.4 2014 2015 2 28 2014 12 31 2.6 [ ] 2013 30 2015228401 5.6% 6.2% 2013 2014 12 31 2015 2 28 2015 4 30 [ ] 40 15.0 2016 2 5.9% 191
2015 2 28 2 28 2015 183 3,271 20,106 23,560 2015 4 30 2015 4 30 25.0 25.0 [ ] 2015 2 28 [ ] 192
12 31 2 28 2013 2014 2015 145 11 19 37 27 415 165 20 292 606 233 292 2013 12 31 0.6 2014 12 31 0.2 2015 2 28 (i) (ii) (iii) (iv) 1.1 80,000 11.3 6.6 [ ] 193
12 31 2 28 2013 2014 2015 12,930 11,354 5,012 1,440 1,148 12,930 12,794 6,160 (a) 12 31 2 28 2013 2014 2015 819 2,172 2,179 557 7,386 7,353 7,201 7,160 1,376 16,759 16,692 194
(b) 12 31 2 28 2013 2014 2015 1 53 12 31 2 28 2013 2014 2015 (1) 1.4 1.7 1.8 (2) 1.3 1.6 1.7 (3) (4) (4) (4) (5) (6) (6) (6) 2015 12 31 2 28 2013 2014 (7) (%) 23.2% 35.5% 0.7% (8) (%) 11.4% 17.9% 0.4% (9) 60.8 167.3 (10) 195
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) 2013 1.4 2014 1.7 2015 1.8 2013 1.3 2014 1.6 2015 1.7 2013 2014 12 31 2015 2 28 2013 2014 12 31 2015 2 28 196
2013 12 31 23.2% 2014 12 31 35.5% 2014 2013 12 31 11.4% 2014 12 31 17.9% 2013 12 31 72.4 2014 12 31 127.2 2013 12 31 60.8 2014 12 31 167.3 2013 2014 12 31 [ ] [ ] [ ] [ ] [ ][ ] [] 22.8(1)7.3 [][] [ ] (2) 15.5 2014 2015 12 31 1.8 0.7 2014 12 31 2015 2 28 13.0 2015 9 30 2015 12 31 [ ] [ ] [ ] 12 197
[ ] 29 2015 2 28 351 404 334 566 539 410 2014 12 31 184 4,057 547 994 198
1,634 202 2013 12 31 1 3 2013 12 31 39 32 2013 2014 12 31 2015 2 28 93%65% 50% EPC 18 15 EPC 199
[ ] 32 9 12 15 20% 40 90 2013 2014 12 31 2015 2 28 200
2015 3 25 2015 2 28 [ ] [ ] 2015 2 28 [ ] [ ] 2015 2 28 [ ] 2015 2 28 (1) [ ] (2) (3) (4) [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (1) 2015 2 28 [ ] 2015228 [][] 2015 2 28 1.00 0.79265 201
(2) [] [][][][][ ][ ] [ ] 2015 2 28 [ ] [ ] [ ] (3) 2015 2 28 (4) [ ] [ ] 2015 2 28 [ ] [] 2015 2 28 2015 2 28 [ ] 2015 3 31 31.5 [ ] 202
2015 2 28 2015 3 31 [ ] 2015 2 28 (1) 20,106 2015 3 31 2015 3 31 20,106 [ ] 2015 3 31 (1) 20,106 1. 4,695 7,355.82 2015 2 28 2015 3 31 31.5 2015 3 31 [ ] 17 [ ] 17.15 17.21 203
[] 20171231 2017 12 31 2015 12 31 [ ] [ ] [ ] [ ] EPC EPC [ ] [ ] [ ] [ ] 204
2016 6 30 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] EPC EPC [ ] [ ] [ ] [ ] 205
2016 12 31 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] EPC EPC [ ] [ ] [ ] [ ] 206
2017 6 30 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] EPC [ ] [ ] 207
2017 12 31 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] EPC [ ] [ ] 208
2017 12 31 [ ] [ ][ ] [ ] [ ] [] 209
[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (a) [ ]% [ ] (b) [ ]% [ ] (c) [ ]% [ ] (d) [ ]% [ ] (e) [ ]% [ ] EPC (f) 8.1% 5 210
2017 12 31 [ ] 2015 12 31 2016 6 30 2016 2017 2017 12 31 6 30 12 31 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] EPC [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 211
[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [][][] [] [ ] 30 [ ] [ ] 212
[ ] 213
[ ] [ ] [ ] [ ] [ ] [ ]% [ ] 4.0 [][[][] [] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 6A.07 214
[ ] 215
[ ] 216
[ ] 217
[ ] 218
[ ] [ ] 219
[ ] [ ] 220
[ ] [ ] 221
2013 2014 12 31 2015 2 28 2013 2014 12 31 2015 2 28 2014 2 28 II 2.1 [ ] [ ][ ] [ ][ ] 2015 3 25 II 2.1 [ ] II1 12 31 II 1 I-1
2013 2014 12 31 2015 2 28 3.340 2410 II 2.1 2013 2014 12 31 2015 2 28 I-2
I. 12 31 2 28 2013 2014 2014 2015 5 62,816 122,222 1,921 10,662 (47,093) (86,495) (1,453) (8,545) 15,723 35,727 468 2,117 5 2,076 2,449 354 348 (816) (989) (117) (204) (7,074) (10,316) (1,196) (1,577) (1) (104) (30) 7 (163) (160) 6 9,745 26,607 (491) 654 10 (1,528) (3,895) 59 (179) 8,217 22,712 (432) 475 I-3
12 31 2 28 2013 2014 2014 2015 1 (4) (3) 12 1 (4) (3) 12 2,298 2,183 2,183 (574) (546) (546) 1,724 1,637 1,637 1,725 1,633 1,634 12 9,942 24,345 1,202 487 I-4
12 31 2015 2013 2014 2 28 12 6,091 4,252 4,430 13 16,265 20,106 20,106 14 357 183 182 22,713 24,541 24,718 15 3,844 3,422 5,620 16 10,459 6,054 6,127 17 24,093 70,558 66,078 18 7,806 5,131 6,021 19 3,446 17,532 9,621 49,648 102,697 93,467 20 26,398 45,636 39,543 16 1,709 290 21 4,769 11,562 8,984 1,444 3,004 2,246 34,320 60,492 50,773 15,328 42,205 42,694 38,041 66,746 67,412 22 2,566 2,856 3,035 2,566 2,856 3,035 35,475 63,890 64,377 23 24 35,475 63,890 64,377 35,475 63,890 64,377 I-5
^ # 23 2013 1 1 30,100 5,773 (10,340) 25,533 8,217 8,217 1,724 1,724 1 1 1,724 1 8,217 9,942 2013 12 31 2014 1 1 * 30,100* 7,497* * 1* (2,123)* 35,475 ^ # 23 2014 1 1 30,100 7,497 1 (2,123) 35,475 22,712 22,712 1,637 1,637 (4) (4) 1,637 (4) 22,712 24,345 4,070 4,070 2,063 (2,063) 2014 12 31 2015 1 1 * 34,170* 9,134* 2,063* (3)* 18,526* 63,890 I-6
^ # 23 2015 1 1 34,170 9,134 2,063 (3) 18,526 63,890 475 475 12 12 12 475 487 49 (49) 2015 2 28 * 34,170* 9,134* 2,112* 9* 18,952* 64,377 ^ # 23 2014 1 1 30,100 7,497 1 (2,123) 35,475 (432) (432) 1,637 1,637 (3) (3) 1,637 (3) (432) 1,202 2014 2 28 30,100 9,134 (2) (2,555) 36,677 * 2013 2014 12 31 2015 2 28 35,475,000 63,890,000 64,377,000 ^ # 50% 25% I-7
12 31 2 28 2013 2014 2014 2015 9,745 26,607 (491) 654 7 163 160 5 (64) (44) 12 1,182 879 173 114 13 (316) (384) 14 33 25 4 4 10,743 27,243 (314) 772 (3,844) 422 (209) (2,198) (13,772) 4,405 554 (73) (13,381) (46,465) 1,139 4,480 (669) 3,140 (3,103) (714) 24,142 19,238 (3,830) (6,093) 1,709 (1,419) (357) (290) 1,779 6,793 10,531 (2,578) 6,707 13,357 4,411 (6,694) 64 44 (332) (2,591) (300) (758) 6,439 10,810 4,111 (7,452) I-8
12 31 2 28 2013 2014 2014 2015 (606) (233) (292) 73 (606) (160) (292) 4,716 (20,000) (4,716) (163) (160) 4,070 [ ] (470) (179) (20,163) 3,440 (179) (14,330) 14,090 4,111 (7,923) 17,775 3,446 3,446 17,532 1 (4) (3) 12 3,446 17,532 7,554 9,621 I-9
12 31 2 28 2013 2014 2014 2015 19 3,446 17,532 7,554 9,621 3,446 17,532 7,554 9,621 I-10
II. 1. 2015 3 25 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1 1111, Cayman Islands 1 50 [ ] [2015 6 30 ] 20,000,000 2,000,000,000 0.01 3 0.01 2015 3 25 1 ^1 ^^1 ^^*2 Trung Khoa Kien Vu Environmental Protection (Vietnam) Company Limited 3 Great Water Vietnam 2015 3 10 2015 4 28 2015 5 7 2001 8 2 2013 8 22 1 100 48,000,000 100 48,000,000 100 33,333,300 100 180,000 100 I-11
^ ^^ 2012 12 1 2 20131231 2014 12 31 3 20131231 VACO Auditing Company Limited 2014 12 31 Ernst & Young Vietnam Limited 2.1 [ ] 2015 6 2 Great Water Vietnam 2013 2014 12 31 2015 2 28 2.2 201511 I-12
2.3 9 4 10 28 2011 2 11 2 14 5 15 3 1 2 10 2 12 28 2011 16 38 2 16 41 2 19 1 27 2011 2 1 1 2 1 2014 7 1 2 2016 1 1 3 2017 1 1 4 2018 1 1 5 2016 1 1 2.4 (a) (b) (c) I-13
5 (i) (ii) (iii) (i) (ii) (iii) 1 2 3 I-14
(a) (i) (ii) (iii) (b) (i) (ii) I-15
(iii) (iv) (v) (vi) (a) (vii) (a)(i) 1.9% 20% 19% 19% 19% 19% I-16
I-17
(a) (b) I-18
I-19
I-20
(a) (b) (c) (d) (e) (f) I-21
I-22
I-23
3. I-24
(a) (b) (c) 2013 2014 12 31 2015 2 28 16,265,000 20,106,000 20,106,000 13 I-25
4. (a) EPC (b) EPC (c) (d) I-26
2013 12 31 EPC 42,147 2,807 16,666 1,196 62,816 10,115 460 4,439 709 15,723 64 2,012 (7,891) (163) 9,745 24,301 1,457 14,156 559 40,473 31,888 72,361 12,740 2,170 13,661 28,571 8,315 36,886 1,215 * 606 * I-27
2014 12 31 EPC 25,624 722 87,332 8,544 122,222 2,993 130 25,196 7,408 35,727 44 2,405 (11,409) (160) 26,607 23,254 2,608 49,026 7,054 81,942 45,296 127,238 11,568 510 37,444 222 49,744 13,604 63,348 904 * 233 * I-28
2015 2 28 EPC 1,975 8,148 539 10,662 72 1,776 269 2,117 348 (1,811) 654 22,184 9,599 40,108 6,931 78,822 39,363 118,185 9,442 4,635 29,029 462 43,568 10,240 53,808 118 * 292 * I-29
2014 2 28 EPC 1,739 182 1,921 352 116 468 354 (1,313) (491) 25,530 649 14,966 438 41,583 38,511 80,094 21,514 1,348 13,832 36,694 6,723 43,417 177 (a) 12 31 2 28 2013 2014 2014 2015 62,816 111,507 1,921 9,021 10,715 1,641 62,816 122,222 1,921 10,662 I-30
(b) 12 31 2013 2014 2015 2 28 22,713 24,530 24,708 11 10 22,713 24,541 24,718 2014 2 28 10% 12 31 2 28 2013 2014 2014 2015 A 22,876 19,686 1,703 7,569 B 19,256 19,286 1,641 C 11,419 16,911 D 7,482 15,778 I-31
5. 12 31 2 28 2013 2014 2014 2015 44,954 26,346 1,739 10,123 16,666 87,332 1,196 8,544 182 539 62,816 122,222 1,921 10,662 64 44 1,132 1,863 354 314 * 564 147 33 11 1 1,760 2,065 354 348 13 316 384 2,076 2,449 354 348 * I-32
6. 12 31 2 28 2013 2014 2014 2015 12,196 61,632 34,270 23,749 1,405 8,254 627 1,114 48 291 12 1,182 879 173 114 14 33 25 4 4 22 255 91 8 2,964 3,787 426 697 # 229 266 34 50 509 801 144 161 3,702 4,854 604 908 (33) 13 (316) (384) (1,255) (2,071) (362) (372) 123 208 8 58 (1,132) (1,863) (354) (314) * 5 (64) (44) * 73 * # I-33
7. 12 31 2 28 2013 2014 2014 2015 163 160 8. 2014 2 28 2015 3 25 2015 5 27 2015 5 27 2015 5 27 2015 5 27 2013 12 31 254 11 265 146 10 156 400 21 421 2014 12 31 279 22 301 165 14 179 444 36 480 I-34
2015 2 28 48 5 53 29 3 32 77 8 85 2014228 45 2 47 22 2 24 67 4 71 9. 2013 2014 12 31 2014 2015 2 28 8 201320141231 20142015228 12 31 2 28 2013 2014 2014 2015 556 649 98 108 40 52 7 10 596 701 105 118 I-35
12 31 2 28 2013 2014 2014 2015 1,000,000 3 3 3 3 10. 25% 2013 2014 12 31 15% 22% 12 31 2 28 2013 2014 2014 2015 1,498 4,151 22 30 (256) (59) 179 1,528 3,895 (59) 179 I-36
2013 12 31 % % % 9,780 (35) 9,745 2,445 25.0 (8) 22.0 2,437 25.0 (978) (10.0) (978) (10.0) 29 0.3 29 0.3 32 0.3 32 0.3 8 (22.0) 8 0.1 1,528 15.6 1,528 15.7 2014 12 31 % % % 26,611 (4) 26,607 6,653 25.0 (1) 22.0 6,652 25.0 (2,661) (10.0) (2,661) (10.0) (68) (0.3) (68) (0.3) 46 0.2 46 0.2 (75) (0.3) (75) (0.3) 1 (22.0) 1 3,895 14.6 3,895 14.6 I-37
2015 2 28 % % % 669 (15) 654 167 25.0 (3) 22.0 164 25.1 12 1.8 12 1.8 3 (22.0) 3 0.5 179 26.8 179 27.4 2014 2 28 % % % (463) (28) (491) (116) 25.0 (6) 22.0 (122) 24.8 46 (10.0) 46 (9.4) 11 (2.3) 11 (2.2) 6 (22.0) 6 (1.2) (59) 12.7 (59) 12.0 11. I-38
12. 2013 12 31 2013 1 1 5,900 1,080 509 1,660 727 1,339 11,215 (232) (540) (261) (1,118) (339) (778) (3,268) 5,668 540 248 542 388 561 7,947 2013 1 1 5,668 540 248 542 388 561 7,947 145 19 27 415 606 13 (1,280) (1,280) (107) (216) (89) (379) (137) (254) (1,182) 2013 12 31 4,426 324 178 163 278 722 6,091 2013 12 31 4,746 1,080 528 1,660 754 1,754 10,522 (320) (756) (350) (1,497) (476) (1,032) (4,431) 4,426 324 178 163 278 722 6,091 I-39
2014 12 31 2014 1 1 4,746 1,080 528 1,660 754 1,754 10,522 (320) (756) (350) (1,497) (476) (1,032) (4,431) 4,426 324 178 163 278 722 6,091 2014 1 1 4,426 324 178 163 278 722 6,091 11 37 165 20 233 13 (1,120) (1,120) (73) (73) (24) (216) (99) (42) (145) (353) (879) 2014 12 31 3,282 119 116 48 133 534 20 4,252 2014 12 31 3,624 1,091 565 197 754 1,919 20 8,170 (342) (972) (449) (149) (621) (1,385) (3,918) 3,282 119 116 48 133 534 20 4,252 I-40
2015 2 28 2015 1 1 3,624 1,091 565 197 754 1,919 20 8,170 (342) (972) (449) (149) (621) (1,385) (3,918) 3,282 119 116 48 133 534 20 4,252 2015 1 1 3,282 119 116 48 133 534 20 4,252 292 292 (11) (37) (12) (6) (19) (29) (114) 2015 2 28 3,271 82 104 42 114 505 312 4,430 2015 2 28 3,624 1,091 565 197 754 1,919 312 8,462 (353) (1,009) (461) (155) (640) (1,414) (4,032) 3,271 82 104 42 114 505 312 4,430 2013 2014 12 31 2015 2 28 25 13. 12 31 2013 2014 2015 2 28 1 1 12,201 16,265 20,106 12 1,280 1,120 14 170 154 2,298 2,183 316 384 12 31 2 28 16,265 20,106 20,106 I-41
2013 2014 12 31 2015 2 28 16,265,000 20,106,000 20,106,000 2013 2014 12 31 2015 2 28 16,265,000 20,106,000 20,106,000 26 2013 2014 12 31 2015 2 28 25 2013 12 31 16,265 16,265 2014 12 31 20,106 20,106 I-42
2015 2 28 20,106 20,106 12 31 2013 2014 2015 2 28 1 1 12,201 16,265 20,106 12 1,280 1,120 14 170 154 2,298 2,183 316 384 12 31 2 28 16,265 20,106 20,106 2013 12 31 16,265,000 2014 12 31 20,106,000 I-43
2015 2 28 20,106,000 14. 12 31 2013 2014 2015 2 28 1 1 569 366 187 13 (170) (154) (33) (25) (4) 12 31 2 28 366 187 183 (9) (4) (1) 357 183 182 2013 2014 12 31 2015 2 28 25 15. 12 31 2013 2014 2015 2 28 3,844 3,422 5,620 I-44
16. 12 31 2013 2014 2015 2 28 10,459 6,054 6,127 (1,709) (290) 8,750 5,764 6,127 35,532 51,889 59,738 (26,782) (46,125) (53,611) 8,750 5,764 6,127 17. 12 31 2013 2014 2015 2 28 24,093 67,808 64,528 2,750 1,550 24,093 70,558 66,078 30 I-45
12 31 2013 2014 2015 2 28 12,485 23,163 7,169 6,076 26,471 24,610 4,009 13,436 29,810 775 2,962 1,163 23,345 66,032 62,752 748 1,776 1,776 24,093 67,808 64,528 12 31 2013 2014 2015 2 28 778 3,623 3,469 23,315 66,935 62,609 24,093 70,558 66,078 I-46
2015228 2,700,000 18. 12 31 2013 2014 2015 2 28 2,264 3,704 2,539 5,542 1,427 3,482 7,806 5,131 6,021 19. 12 31 2013 2014 2015 2 28 3,446 17,532 9,621 3,443 11,934 8,317 4,057 404 994 566 3 547 334 3,446 17,532 9,621 I-47
(State Bank of Vietnam) 20. 12 31 2013 2014 2015 2 28 25,058 20,247 6,811 258 7,831 14,258 1,026 11,359 15,050 56 6,199 3,424 26,398 45,636 39,543 30 90 21. 12 31 2013 2014 2015 2 28 4,305 7,702 4,914 464 3,860 4,070 4,769 11,562 8,984 I-48
22. 2013 1 1 2,015 10 79 574 2013 12 31 2014 1 1 2,668 10 96 546 2014 12 31 2015 1 1 3,310 2015 2 28 3,310 2013 1 1 53 10 49 2013 12 31 2014 1 1 102 10 352 2014 12 31 2015 1 1 454 10 (179) 2015 2 28 275 I-49
2013 2014 12 31 2014 2015 2 28 35,000 4,000 28,000 15,000 10% 2008 1 1 2007 12 31 10% 2008 1 1 2014 12 31 2015 2 28 18,526,000 18,952,000 23. 2013 2014 12 31 2015 2 28 2015325 20,000,000 2,000,000,000 0.01 3 0.01 24. 2014 2 28 6 7 25. 1213 14 26. (a) 13 I-50
2013 2014 12 31 2015 2 28 12 31 2013 2014 2015 2 28 819 2,172 2,179 557 7,386 7,353 7,201 7,160 1,376 16,759 16,692 (b) 2013 2014 12 31 2015 2 28 12 31 2013 2014 2015 2 28 53 27. 12 31 2013 2014 2015 2 28 12,930 11,354 5,012 1,440 1,148 12,930 12,794 6,160 I-51
28. 29. (a) 18 12 31 2013 2014 2015 2 28 1,572 166 26 1,572 192 (b) 8 30. 12 31 2013 2014 2015 2 28 24,093 70,558 66,078 5,542 1,427 3,482 3,446 17,532 9,621 33,081 89,517 79,181 I-52
12 31 2013 2014 2015 2 28 26,398 45,636 39,543 4,305 7,702 4,914 30,703 53,338 44,457 31. 2013 2014 12 31 2015 2 28 32. I-53
* % 2013 12 31 5 (2) (1) (5) 2 1 2014 12 31 5 (38) (33) (5) 38 33 5 50 42 (5) (50) (42) 5 203 172 (5) (203) (172) 2015 2 28 5 (6) (5) (5) 6 5 5 28 24 (5) (28) (24) 5 20 17 (5) (20) (17) 2014 2 28 5 (2) (2) (5) 2 2 5 28 23 (5) (28) (23) * I-54
2013 2014 12 31 2015 2 28 93%65%50% 2013 12 31 26,398 26,398 4,305 4,305 30,703 30,703 2014 12 31 45,636 45,636 7,702 7,702 53,338 53,338 2015 2 28 39,543 39,543 4,914 4,914 44,457 44,457 I-55
12 31 2013 2014 2015 2 28 26,398 45,636 39,543 4,305 7,702 4,914 (3,446) (17,532) (9,621) 27,257 35,806 34,836 35,475 63,890 64,377 62,732 99,696 99,213 43% 36% 35% 33. 2015 6 30 [ ][ ] [ ] III. 2015 2 28 [ ] I-56
[ ] II-1
[ ] II-2
[ ] II-3
[ ] II-4
2015 3 31 [ ] 26 38 3806 (852) 2529 6878 Fax:(852) 2529 6806 info@romagroup.com http://www.romagroup.com 18 2015331 [] [ ] 1. III-1
2. A CIP 3. 4. 5. III-2
6. 8 7. 18 BCom(Property) MFin PhD(BA) MHKIS RPS(GP) AAPI CPV CPV(Business) BA(Business Admin) MSc (Real Estate) MRICS Registered Valuer [ ] 11 16 8 III-3
5 2008 31,500,000 4,178 A 4,695 6 18 2015 CIP 4 7,355.82 CIP 1,116.2 1,460,000 720,000 50 2006 11 20 2056 11 19 1. 2006 12 13 06 0560021 4,178 20561119 2. 2013 12 6 0550017025 4,178 7,355.82 2006112050 3. 2015427 (2015)731,116.2 6 4. 4 4,695 5 III-4
20231231 187,035 5. 6. B.Sc. (Hons) 2015 2 7. 4,300 4,600 8. 055017025 7,355.82 44,450,000 2013 7 16 2016 7 16 9. a. b. c. d. III-5
2015 3 25 1961 3 22 1. (a) 27(2) (b) 2. (a) (i) IV-1
(ii) (iii) (iv) (v) IV-2
(aa) (bb) (cc) IV-3
(dd) (ee) (vi) IV-4
(vii) IV-5
(aa) (bb) (cc) (6) (dd) (ee) (ff) (viii) IV-6
(ix) (x) (30) (b) (c) (i) (ii) (iii) (iv) IV-7
(v) (d) (e) 2(i) (15) (f) IV-8
(g) (15) (18) (h) IV-9
2009 (21) (i) (21) (20) (14) (10) IV-10
(i) (ii) (95%) (aa) (bb) (cc) (dd) (ee) (ff) (20%) s (gg) (j) IV-11
(30) (k) (l) IV-12
(m) (i) (ii) (a) (b) IV-13
(n) (o) 20 IV-14
(14) 20 (p) (2) 2.50 1.00 (q) IV-15
(r) 3(f) (s) (i) (ii) (t) (i) (ii) (iii) IV-16
(3) (u) 3. (a) (b) (a) (b) IV-17
(c) 37 (d) (e) (c) (d) IV-18
(e) 34 34 2(m) IV-19
(f) (a) (b) (c) (a) (b) (c) (d) (g) (h) (i) (ii) (iii) IV-20
(i) (j) 2011 6 (1) (2) 2015 4 14 20 2010 (k) (l) (m) IV-21
2009 (n) IV-22
(28) (21) (o) (75%) (p) (4) (90%) (4) (2) (1) IV-23
(q) 4. Conyers Dill & Pearman [ ] IV-24
1. 2015 3 25 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1 1111 1 50 16 1 6 D [ ] 2. (i) 2015 3 25 20,000,000 2,000,000,000 0.01 Sharon Pierson (ii) 2015 3 25 Oceanic Expert Waterman Global (iii) 2015 6 2 Oceanic ExpertWaterman Global [ ] [ ] [ ] [ ] Oceanic ExpertWaterman Global 24,416,400 17,939,425 11,769,175 (iv) 2015 6 2 [ ] 10 [ ] V-1
3. 2015 2015 (a) [ ] (b) [ ] (aa) [ ] [ ] [ ](bb)[ ] [ ](cc)[ ] [ ] (dd)[ ] [ ] [ ] (i) [ ] [ ] [ ] (ii) [ ] (aa)[] 20%(bb) (iii) (iii) [ ] [][] [ ] 10% V-2
(iv) (ii) (iii) 4. [ ] (a) (b) [ ] 5. [ ] [ ] [ ] 2014 9 1 30 33.333 39.6%29.83%20.57% 10% 2015 6 2 54,125,000 89 [ ] [ ] V-3
6. (i) 2015 4 28 (ii) 18 (iii) (iv) 48,000,000 (v) (i) 2015 5 7 (ii) 18 (iii) (iv) 48,000,000 (v) (i) 2001 8 2 (ii) 18 (iii) (iv) 33,333,300 (v) V-4
7. [ ] (a) [] [][] [ ] 10% (b) (c) V-5
(d) [] [ ] [ ] [ ] [ ] (e) [ ] 26 [ ] V-6
[ ]% 1. [ ] (a) 2014 9 1 33.333 (b) 2015 5 25 (i) 54 90% (ii) 10 10% (c) 2015 6 2 10% [ ] (d) (e) (f) [ ] V-7
2. (a) 11 7303639 2010 11 21 2020 11 20 40 7303710 2010 10 14 2020 10 13 (b) (i) ZL 201310044278.4 2033 2 3 IC ZL 201420485728.3 2024 8 25 ZL 201420428854.5 2024 7 30 V-8
ZL 201420428820.6 2024 7 30 ZL 201210013941.X 2032 1 16 (ii) ZL 2013 1 28 201310033021.9 (iii) ZL 2013 1 28 201310033019.1 (c) www.greatwater.com.cn 2002 3 15 2018 3 15 V-9
1. (a) (i) (ii) [ ] [ ] (b) [ ] 279 165 [ ] V-10
120 120 [ ] 120,000 (c) (i) 2013 2014 12 31 2015 2 28 421,000 480,000 85,000 (ii) 2015 12 31 640,000 (iii) 2014 12 31 2015 2 28 (i) (ii) V-11
(iv) 2014 12 31 2015 2 28 (d) [ ] XV XV 7 8 352 5.46 5.67 [ ] [ ] 1 2 3 4 [ ](L) [ ]% [ ](L) [ ]% [ ](L) [ ]% 1. L 2. Oceanic Expert Oceanic Expert 3. Thinker Global Thinker Global Waterman Global WatermanGlobal 4. V-12
2. [ ] XV 2 3 10% 1 Oceanic Expert [ ](L) [ ]% 2 [ ](L) [ ]% Waterman Global [ ](L) [ ]% Thinker Global 3 [ ](L) [ ]% [ ](L) [ ]% 4 [ ](L) [ ]% 5 [ ](L) [ ]% Acute Capital Investments Limited 5 [ ](L) [ ]% 5 [ ](L) [ ]% 1. L V-13
2. Oceanic Expert Oceanic Expert 3. Thinker Global Thinker GlobalWaterman Global Waterman Global 4. 5. Acute Capital Acute Capital 3. [ ] (a) [ ] [ ] XV 2 3 10% (b) XV XV 7 8 352 5.46 5.67 (c) [ ] [ ] V-14
(d) [ ] (e) [ ] (i) (ii) 1. 1. [ ] [ ] [] 2. V-15
3. 100,000 4. 5. [ ] 4.0 [ ] [ ] [ ] [ ] 6. [ ] [ ] [ ][ ] [ ] 7. [ ] (a) [ ] (b) [ ] [ ] [ ] [ ][ ] [ ] (c) [ ] (d) 6A.19 V-16
[ ] 6A.07 8. [ ] [ ] 1 4 6 Conyers Dill & Pearman S&B Law Company Limited V-17
9. Conyers Dill & PearmanS&B Law Company Limited [ ] [ ] 10. [ ] [ ] 44A 44B 11. (a) 0.2% (b) (c) [ ] V-18
12. (a) [ ] (i) [ ] (aa) (bb) (cc) (ii) (b) 2015228 (c) 13. [ ] 32L 4 [ ] V-19
[ ] (a) [ ] (b) [ ] [ ] 14 (Nixon Peabody LLP) 1 50 (1) (2) (3) [ ] (4) 2013 2014 12 31 2015 2 28 (5) [ ] (6) [ ] (7) [ ] Conyers Dill & Pearman (8) (9) [ ] (10) [ ] VI-1
(11) [ ] (12) (13) S&B Law Company Limited VI-2