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2 3 6 10 14 16 27 37 45 58 66 77 81 83 84 86 88 90 174 175

2 Codan Services Limited Clarendon House, 2 Church Street, Hamilton, HM11, Bermuda. Conyers Dill & Pearman Clarendon House, 2 Church Street, Hamilton, HM11, Bermuda. 3003 3007 (852) 2544 8000 (852) 2544 8004 http://www.siud.com 563

3 3,871,923 7,773,636 (50.2%) 32.3% 38.0% (5.7) 517,385 161,181 221.0% 10.75 3.35 221.0% 10.75 3.35 221.0% 2.8 1.1 154.5% 1.2 1.1 9.1% 1.6 4,967,064 2,400,586 (%) 54.9% 65.6% 2.0 1.9 2,000 1,800 1,835 1,786 21% 4,717 1,600 1,400 1,200 1,000 37% 8,210 22% 4,991 800 725 600 400 200 257 107 257 20% 4,316 0 22% 20% 37% 21%

6 5823.6% 2.25.17 2.8 18

7 6.9% 6.5%12.85

8 87,28114.4% TODTOWN 35

9 TODTOWN

10 2015???

11 4.28 400? TODTOWN 54.9%

12 2016?? 2016 2015?? 600748 TODTOWN

14 1019 400 2015 (%) 908,950 1,136,468 822,724 40,212 700,711 122,013 68,088 2007 2016 53.1% 77,371 404,600 324,600 324,600 324,600 2016 2021 35.4% 57,944 212,130 164,688 659 138,137 26,551 100.0% 65,727 388,125 242,010 242,010 203,651 2014 2016 59.0% 301,908 772,885 610,514 77,100 499,298 111,216 106,815 38,217 2012 2017 59.0% 49,764 125,143 95,594 95,594 59.0% TODTOWN 117,825 605,000 385,300 385,300 272,300 113,000 2018 2022 20.7% 121,499 523,833 454,610 681 450,751 3,859 100.0% 112,700 348,664 295,114 445 247,438 47,676 13,693 2007 2016 100.0% 42,541 250,930 230,801 663 171,832 58,969 49,288 2007 2017 90.0% 244,252 752,883 613,357 13,016 559,492 53,865 29,560 29,795 2006 2017 100.0% 34,223 129,498 112,812 55,344 57,468 30.7% 205,017 267,701 222,666 27,400 164,066 58,600 55,965 2007 2017 53.1% 24,041 193,368 143,862 7,507 18,037 125,825 59.0% 2,101,967 3,899,867 3,202,324 117,068 1,880,759 1,321,565 215,008 973,593 2008 2017 71.5% 22,651 228,768 181,373 181,373 181,373 2015 2017 80.0% 120,014 786,233 599,664 11,243 359,027 240,637 44,716 2008 2016 100.0% 679,620 907,194 872,185 4,088 240,386 631,799 75,534 488,947 2007 2017 67.0% 11,038 106,190 79,391 78,343 1,048 91.0% 5,299,052 12,039,480 9,653,589 300,082 5,659,215 3,994,374 1,266,703 2,017,440

15 1,805 1 16,349 1 251,847 1 1,048 1 19,768 1 2 284,651 3 45,239 4 13,839 9,249 643,795 1. 14 2. 2299 3. 355 4. 123

16 TODTOWN

17 Hechuan Road Station Hech He He Hech ech ch ch Hech Hech Hech He Hech ech ech Hech ech Hech ech ech H ch ch ch Hech ch ech Hech H h H ch ch H h Hech He h ech He h Hech e h H huan uan uan uan uan uan an uan uan uan an an uan an an an uan an an uan Road Road Road Road Road Road Road Road Ro Road Road Road oad Roa Ro Road Roa Ro Roa Road Ro Ro Ro Roa Roa Ro Ro Roa Roa Ro Ro Ro Ro Roa Ro Road Ro Ro Roa oad Road Road Road Roa Stat Stat Stat St Sta Stat Sta tat tat tat tat Sta Stat at at Stat Stat at Stat at at Stat St t Sta Stat Sta Stat tat ta tat Stat at Stat Stat tat at at Stat Stat Sta Stat Stat Stat St Sta Stat Stat t Stat Stat a Stat Stat Stat Sta Sta Stat at at Stat Sta Stat Stat at Stat St St Sta tat Stat St Stat ta Stat Stat at Stat St Stat Stat St Sta ta Stat Stat a Stat Stat Sta St Sta tat a Stat at St t Sta Stat Sta Stat Stat Sta St ion ion ion io io ion on on on io ion on on ion ion ion ion on on o ion ion o ion ion ion on on ion on on on on ion on on on o io ion ion on ion ion io ion ion ion on 700 90.9114 7722 102 9 TODTOWN 588 12

18 11 1 360 8 38.8 10LEEDCS 3.611 5.7 11 7 1

19 TODTOWN TODTOWN TOD (Transit-Oriented Development)TODTOWN11.8 60.510 TODTOWN 1517 TODTOWN 5 142 98.52 28.5 1 TODTOWN 5 10 2299

20 2009 30.2 61.11833 209 LOFT 266 1519 9

21 3.8 16 2 10 2 5 7 6

22 137 67 12 109 1 2

23 25 11SOHO 258 1 11

24 A 18 92 859

25 HOPSCA 200 3 2011 12 2014 1 2 1

26 200 40% 2008 3 4

28 70 7.7%

29 2,359,000 TODTOWN 192,000 302,000206,000 184,00022,000 TODTOWN TOD(Transit-Oriented Development) TODTOWN 404,600 23.6% 5,832,000,000 4,717,000,000 4,500,000,000 29.6% 5,328,000,000 3,716,000,00043.3% 49.7%504,000,000 1,001,000,000 41.2%30.4%15.0% 300,000 13.2%269,000 166,00031,000 99,000

30 19,400 17,8009.0% 643,79547.3% 696,086,000472,474,000

31 100%940,000,000 3,100,000,000 356,000,000 1,001,534,000 4,040,000,000 1,839,912,000 1,668,000,000 35% 933,000,000 3,872,000,0007,774,000,000 50.2% 2,903,000,000 7,107,000,000 75.0%91.4% 39.0% 27.7%13.6% 18.0%2.6%4.4% 6.1%1.3%1.2% 57.6%1,252,000,000 32.3%38.0%5.7 38,934,000 16.2%168,020,000 200,580,000 460,317,000460,265,000

32 588,685,000 20,260,000 65.6% 54.9% 2.0 1.9 6.9%539,986,000579,964,000 517,385,000161,181,000 221.0% 10.753.35 1.2 1.6 77.0%11,371,189,000 6,424,058,000 1,800,000,000 4.47% 39(b) 44

33 54,901,000 72,105,000 6,749,448,000 8,573,255,0001,427,558,000 1,509,560,00010,755,933,000 10,552,458,000 94,949,000 429,083,000 33 1,773

34 19 10 4,000,000 102,000,000 2,359,000

35 TODTOWN

38 2015 201448.60201556.11 2016

39 2015

40 20157513.68 258 2015 80150 171514118 2015 2015 9 700 100%

41 10 2015 2015

42 LEED LEED 30% 40% 2015LED 9

43 2015 2015FA4 100

44 +

45 4618 2735 83 1.21.6 1.1 14 15

46 174 36 1,826,000,00065,000,00036 4 51%51% 70.99% 1,826,000,00065,000,000 13.18 3441 157,073,000 (a) (b) 10,115,153,000 10,325,453,000

47 87 45

48 (i) (ii) 8.10 5865 1045(a) XV XV78 352 (1) 1 150,000 0.00% 7,000,000 0.15% 7,000,000 0.15% 6,000,000 0.12% 6,000,000 0.12% 1,000,000 0.02% 1,000,000 0.02% 1,000,000 0.02%

49 1. (2) 1 350,000 0.03% 195,000 600,000 0.07% 280,000 0.03% 1. 36.60 550,000 550,000 0 22.71 350,000 350,000 36.60 750,000 750,000 0 22.71 600,000 600,000 36.60 450,000 450,000 0 22.71 280,000 280,000 40% 70% 40% 70%

50 50,000 0.01% XV352 XV78 42,750,000 42,750,0000.040.89%

51 1 2 2.98 2.98 2.98 2.98 2.98 2.98 3 2.98 2.98 2.98 2.98 8,000,000 8,000,000 0 7,000,000 7,000,000 7,000,000 7,000,000 6,000,000 6,000,000 6,000,000 6,000,000 1,000,000 1,000,000 1,000,000 4 1,000,000 4 1,000,000 1,000,000 1,000,000 1,000,000 19,750,000 7,000,000 12,750,000 57,750,000 15,000,000 42,750,000 1. 40% 70% 2. 3. 4.

52 17.07 37 44(a)45 14A44(a)

53 700,000,000 700,000,000 1,200,000,000 (i)(ii)1,200,000,000 400,000,000 (i)(ii) 400,000,000332,000,000400,000,000 (i) 332,000,000396,000,000332,000,000415,000,000(ii) 166,000,000198,000,000 216,000,000270,000,000 400,000,000 332,000,000

54 (a) (b) (c) 3000 740 (a)(b)(c) XV23336 0.04 3,415,883,000(L) 2,3 70.99% 3,427,983,000(L) 2,3,4 71.25% 1. L 2. 3,365,883,000Smart Charmer Limited350,000,000 Smart Charmer Limited 3. Invest Gain Limited 50,000,00050,000,000

55 4. SIIC Capital (B.V.I.) Limited.SIIC Treasury (B.V.I.) Limited. 57.95% 3,415,883,00012,100,000 XV23 336 2.77% 0.56% 22.78% 5.54% 5%

56 250,0000.04 308,500 200,000 1.22 1.22 244,000.00 50,000 1.29 1.29 64,500.00 250,000 308,500.00 805.64 309,305.64 51

57 13.51B(1) 1123 13.51B(1) 2,770,000100,0003,517,000

59

58 H 02006 A600748 47 5GB 0576 44 60

52 52 600768 51 61

71 917 659 1212 23 17 55 385 002285 1206 229 220 62

63 1387 1062 6868 112 1205 1868 1296 2882 1811

64 61 120 232 533 144 1123 897

65 43 48 755 42 46

66 A.2.1 5865 3.13

67 A.2.1 A.2.7

68 (A) A.6.5A.6.6 1 2 1. (a) (b) (c) 2. 3.

69 (B) 14 3

70 1 3 4/4 1/1 1/1 4 4/4 3/3 1/1 5 4/4 1/1 4/4 1/1 4/4 1/1 3/3 1/1 4/4 0/1 6 3/4 1/3 1/1 1/1 7 2/2 1/1 1/1 0/1 4/4 3/3 1/1 1/1 3/3 1/1 4/4 3/3 1/1 1. 2. 3. 4. 5. 6. 7.

71 A. 1. 2. 3. 3.21 B. 1. 2. 3.

72 4. 5. 6. C. 1. 2. 3. 4. 5.

73 D. 1. 2. 3. 4. 5. 6. 1. 2. 3. E. 1. 2.

74 3. 4. 5. 6. 7. 8. 3.293.2915

75 8182 4,719 1,929 6,648

76

77 1. 2. 3.

78 TODTOWN 271044 2273 www.siud.com (852) 2544 8004

79 27% 13% 7% 10% 43% 10% 43% 13% 27% 7%

81 83173 90

82

83 5 3,871,923 7,773,636 (2,619,927) (4,823,485) 1,251,996 2,950,151 6(a) 132,610 193,594 6(b) (588,685) (20,260) 14 38,934 (43,573) (31,911) (66,204) (168,020) (200,580) (460,317) (460,265) 34 1,640,999 18 1,140 136,125 7 (810,988) (757,327) 18 3,516 (617) 1,009,274 1,731,044 9 (469,288) (1,151,080) 8 539,986 579,964 (884,410) (441,181) 129,917 (754,493) (441,181) (214,507) 138,783 517,385 161,181 22,601 418,783 539,986 579,964 104,354 (86,864) (318,861) 225,647 (214,507) 138,783 13 10.75 3.35 13 10.75 3.35

84 14 11,811,202 12,320,845 15 1,961,549 2,197,490 16 234,523 252,445 17 60,903 63,734 18 1,215,340 1,291,941 19 65,718 65,718 24 194,872 21 295,441 128,288 22 43,665 58,904 32 344,564 289,580 16,227,777 16,668,945 23 32,548,428 32,150,353 24 3,346,931 940,271 29 98,089 16 5,254 5,381 170,154 187,462 25 4,532 3,294 22 106,185 442,284 26 11,371,189 6,424,058 47,552,673 40,251,192 27 646,566 47,552,673 40,897,758 28 7,137,933 5,897,521 29 2,035,987 2,083,942 20 58,007 71,978 30 127,915 763,940 31 4,967,064 2,400,586 33 4,990,628 7,838,393 35 1,991,880 1,888,785 2,109,169 6,976 6,423 125,340 193,676 23,330,515 21,365,628 27 28 23,330,515 21,365,656 24,222,158 19,532,102 40,449,935 36,201,047

85 29 68,784 33 17,243,011 12,289,532 32 3,624,389 3,796,683 20,936,184 16,086,215 19,513,751 20,114,832 36 192,451 192,461 12,343,455 12,292,328 12,535,906 12,484,789 6,977,845 7,630,043 19,513,751 20,114,832 83173

86 (iv) (i) (ii) (iii) 192,461 10,325,453 66,842 52,526 161,128 2,214,569 1,671,653 (2,065,662) 12,618,970 7,164,307 19,783,277 161,181 161,181 418,783 579,964 (248,045) (248,045) (193,136) (441,181) (248,045) 161,181 (86,864) 225,647 138,783 41 44,481 44,481 240,565 240,565 3,558 (3,558) 41 (47,317) (47,317) (44,957) (92,274) 192,461 10,325,453 66,842 52,526 164,686 2,214,569 (47,317) 1,423,608 (1,908,039) 12,484,789 7,630,043 20,114,832

87 (iv) (i) (ii) (iii) 517,385 517,385 22,601 539,986 (542,948) (542,948) (341,462) (884,410) 129,917 129,917 129,917 129,917 (542,948) 517,385 104,354 (318,861) (214,507) (321,591) 321,591 (210,000) 210,000 50 (52,927) (52,927) (52,927) (63,669) (63,669) (104,705) (104,705) (vi) (214,951) (214,951) (17,475) 17,475 (v) (10) (300) (310) (310) 49,988 49,988 9,040 (9,040) 192,451 10,115,153 157,073 49,367 52,526 129,917 173,726 2,214,569 (47,317) 559,069 (1,060,628) 12,535,906 6,977,845 19,513,751 (i) (ii) 41% (iii) 29(v) 1.0%92,274,000 1.0%44,957,00047,317,000 (iv) 210,000,000 (v) 1.24250,0000.04 310,000 (vi) 20%214,951,000 20%

88 1,009,274 1,731,044 (38,934) 43,573 114,292 84,277 6,814 4,632 (39,945) (156) 810,988 757,327 (95,605) (123,766) (323) (6,343) (1,429) (1,279) 31,911 66,204 16,464 (134,658) (1,640,999) (1,140) (136,125) (3,516) 617 474,727 71,388 642,579 2,356,735 (4,158,846) (135,574) (4,312) 277,161 1,574,511 (597,592) (11,130) (20,165) 2,761,498 (3,967,470) 804,300 (2,086,905) (698,708) (1,014,216) 105,592 (3,101,121)

89 34 2,147,943 172,535 1,006,902 18 12,013 462,528 41 (3,945,628) 184,566 30 (471,555) (49,373) (12,328) 159,762 35 1,633,628 35 358,252 136,229 2,247 339,954 (26,482) 323 6,343 18 12,090 95,605 123,766 96,831 89,359 (16,599) 24(ii) (194,872) 18,940 24(i) 85,068 (13,872) (28,316) 27 99,975 4,188,264 (1,702,430) 8,671,880 12,395,812 (6,045,796) (4,214,211) (734,845) (1,718,782) 756,363 3,289,049 (3,120,000) (214,951) (92,274) (104,705) 49,988 240,565 (310) (22,952) (125,376) (62,950) (52,374) (1,229,362) (1,276,863) 947,560 5,440,346 5,241,416 636,795 6,424,164 5,827,825 (294,391) (40,456) 11,371,189 6,424,164 11,371,189 6,424,058 27 106 11,371,189 6,424,164

90 1. 2. 19 9 2 15 2 1 1 1 10 3 28 10 1 12 28 11 1 16 1 38 16 1 41 27 1 1 2 3

91 2. 9 99 9(a) (b) 9 39 9 399

92 2. 9 9 15 15 151811 15 1 2 3 4 5 15 15 15 15 15

93 3. 622 217 236

94 3. (i) (ii) 39

95 3. 12 19 2 5

96 3. 39

97 3.

98 3. 39 36 36

99 3.

100 3.

101 3.

102 3. 39

103 3.

104 3.

105 3.

106 3. 12

107 3.

108 3. 4. 3 7,201,697,000 7,423,320,000 4,609,505,0004,897,525,000

109 4. 25,942,626,00025,764,515,0006,600,716,000 6,296,949,00031,911,000 66,204,000 (a) (b) 11,811,202,00012,320,845,000

110 5. 2,902,873 7,107,449 696,086 472,474 100,779 95,762 172,185 97,951 3,871,923 7,773,636 10% 6a. 88,533 104,958 7,072 18,808 4,506 6,917 323 6,343 5,327 17,222 26,849 39,346 132,610 193,594

111 6b. (76,383) (i) (404,356) (76,312) 1,429 1,279 (16,464) 24,685 134,658 39,945 156 (ii) (127,708) (iii) (78,954) (2,577) (28,343) (588,685) (20,260) (i) (ii) 90,333,000111,439,00013,188,00016,269,000 (iii) 44(c) 7. 1,306,898 966,442 196,126 1,306,898 1,162,568 (495,910) (405,241) 810,988 757,327 5.05%8.18%

112 8. 116,480 86,481 (2,188) (2,204) 114,292 84,277 6,814 4,632 6,648 5,863 (696,086) (472,474) 149,195 86,684 (546,891) (385,790) 10 11,798 13,780 227,795 215,385 37,252 34,353 276,845 263,518 (43,624) (63,270) 233,221 200,248 2,182,993 4,052,870 23,065 23,805 469 607

113 9. 225,003 534,632 260,388 881,579 (i) 84,146 569,537 1,416,211 23,053 30,026 (ii) (15,481) (48,076) 7,572 (18,050) 32 (107,821) (247,081) 469,288 1,151,080 (i) 34(a)27 39,647,00044,499,000 10% 34(a)(b) (ii) 25% 698 10%

114 9. 30%60% 20% 1,009,274 1,731,044 25%25% 252,319 432,761 (879) 154 200,746 133,344 (207,585) (68,150) 128,151 74,704 (24,013) (62,087) 260,388 881,579 (15,481) (48,076) (61,227) (208,376) 23,053 30,026 (126,219) 51,344 32,432 (13,229) (43,154) 1,920 (4,077) 469,288 1,151,080 10%

115 10. 1111 ii i 2,614 53 2,667 v v 2,500 2,500 2,000 2,000 2,000 2,000 iii 1,258 10 1,268 380 380 iv 223 223 380 380 380 380 1,363 10,372 63 11,798

116 10. ii i 2,615 52 2,667 v v 2,500 2,500 2,000 29 2,029 2,000 29 2,029 iii 2,943 35 57 3,035 380 380 iv 380 380 380 380 380 380 1,520 12,058 93 109 13,780 i. 37 ii iii. iv. v.

117 11. 10 2,040 2,529 2,000,0012,500,000 1 2,500,0013,000,000 1 12. 5%30,000 18%22%

118 13. 517,385 161,181 4,811,451 4,811,523 14. 12,320,845 5,736,299 41 6,583,206 23 384,333 38,934 (43,573) (120,309) (548,577) (219,111) 11,811,202 12,320,845 38,934 (97,391)

119 14. 384,333,000 41 13 3 3 3

120 14. 3 3,630,232 3,755,568 6.0% 7.0% (i) 6.0% 7.0% (ii) 150,161 154,879 5.5% 5.5% (i) (ii) 7,731,072 8,096,726 4.0%-4.5% (i) 4.5%-5.5% (ii) 277,048 289,928 5.5% 5.5% 22,689 23,744 14.29% 14.21% 11,811,202 12,320,845

121 15. 881,967 117,730 571,294 7,963 47,936 68,767 84,934 118,704 1,899,295 553 427 19 13 5,026 6,290 12,328 41 2,536 848 3,384 (103) (242) (4,412) (6,688) (11,445) (169) (169) 665,312 139,037 804,349 (30,086) (2,827) (13,512) (445) (1,946) (1,246) (2,759) (1,785) (54,606) 1,517,643 115,088 696,838 7,518 46,003 70,502 82,625 116,919 2,653,136 22,310 166 88 8,516 6,257 11,677 359 49,373 (170) (383) (99,368) (14,151) (16,322) (130,394) 34(a) (55) (174) (695) (924) 13,894 13,894 (67,052) (5,101) (26,587) (329) (1,638) (2,928) (3,533) (3,251) (110,419) 1,472,731 109,770 584,810 7,189 52,881 59,506 73,752 114,027 2,474,666 171,406 38,501 16,620 3,697 44,732 50,294 63,038 388,288 50,975 11,036 7,927 250 1,035 9,444 5,814 86,481 (72) (175) (3,690) (5,417) (9,354) (38) (38) (4,979) (743) (410) (77) (756) (1,271) (1,495) (9,731) 217,330 48,619 24,137 3,870 45,011 54,739 61,940 455,646 75,156 11,038 12,764 245 968 10,706 5,603 116,480 (103) (279) (5,425) (13,002) (15,301) (34,110) 34(a) (13) (119) (666) (798) (13,877) (2,698) (1,396) (152) (1,377) (2,193) (2,408) (24,101) 278,506 56,680 30,067 3,963 44,602 50,131 49,168 513,117 1,194,225 53,090 554,743 3,226 8,279 9,375 24,584 114,027 1,961,549 1,300,313 66,469 672,701 3,648 992 15,763 20,685 116,919 2,197,490

122 15. 25 5 15 5 20 5 3 5 5 8 13,894,000139,037,000 23 665,312,000 23 1,194,225,000 1,254,235,000 16. 5,254 5,381 234,523 252,445 239,777 257,826 170,732,000 23 233,333,000 255,325,000

123 17. 65,301 (1,567) 63,734 (2,831) 60,903

124 18. 1,208,741 1,277,431 6,599 14,510 1,215,340 1,291,941 20,000,000 28.9% 28.9% 49% 49% 2,850,000,000 20.7% 20.7% 35% 35% 40,000,000 14.8% 25%

125 18. 4,370,919 3,859,140 1,830 3,443 (437,950) (51,035) (531,407) (249,938) 3,403,392 3,561,610

126 18. 3,403,392 3,561,610 35% 35% 1,191,187 1,246,564 3,516 (617) 12,090 24,153 45,377 3,705,000

127 18. Well Kingdom Investment Ltd 40% 366,000,000462,553,000136,125,000 462,553 861 25 325,542 326,428 136,125 462,553 (25) 462,528 10,060,000 12,013,0001,140,000

128 19. 65,718 65,718 65,718 65,718 10,000 51% 51% 51% 51%

129 19. 113 115 128,866 128,866 (140) (146) 128,839 128,835 113 115 (4) (4) 128,839 128,835 51% 51% 65,708 65,706 10 12 65,718 65,718

130 20. 30 21. (i) 189,277 (ii) 106,164 128,288 295,441 128,288 (i) 25,000,0005,246,640 158,501,000189,277,000 133,501,000159,423,00023,918,00029,506,000 (ii) 22,500,00028,316,000 (i) 11,245,00013,872,000

131 22. 54,901,00072,105,000 36,696,00037,202,000 18,205,00034,903,000 0.40.4 44(a) 69,489,000 405,082,000 25,460,00024,001,000 2.93.12.02.6 23. 25,942,626 25,847,691 6,600,716 6,296,949 32,543,342 32,144,640 5,086 5,713 32,548,428 32,150,353 665,312,000 170,732,000384,333,000

132 23. 13,894,000139,037,000 855,254,0002,809,186,000 283,773,000289,903,000 2,664,399,00034(a) 18,529,763,00023,369,198,000 24. 17,279 16,121 (777) (808) 16,502 15,313 (i) 555,680 632,922 31,726 17,136 2,083 (ii) 85,068 26,756 97,530 130,835 18,209 30,158 34(a) 2,627,284 3,346,931 940,271 (iii) 194,872 (i) (ii)

133 24. (iii) 194,872,000 182,600,000 10%15%18% 163,186,000194,872,000 05.01.2015 05.01.2020 65,686 10% 13% 20.03.2015 20.03.2020 59,500 10% 13% 29.10.2015 29.10.2020 31,000 10% 13% 17.12.2015 17.12.2020 7,000 10% 13% 163,186 90 2,883,0001,577,000 90 11,766 14,447 91-180 20 277 180 4,716 589 16,502 15,313

134 24. 91 180 20 222 180 4,716 530 4,736 752 808 854 (31) (46) 777 808 4,664,000 6,045,000 25. 4,532 3,294

135 26. 0.354.0 0.013.3 104,969,000409,000 498,992,000566,867,0001,736,239,000 104,460,000 27. Bold Eagle Investment LimitedBold EagleAll Win Investment Limited Bold Eagle940,000,0001,174,706,000280,000,000 460,000,000200,000,000 99,975,000 34(b) 106 131 646,329 646,566 (28) (28)

136 28. 826,573 350,645 4,607,146 3,872,050 (i) 167,589 174,363 1,075 69,737 27 99,975 49,093 69,455 201,800 212,496 77,356 77,361 (ii) 370,280 318,537 6b 123,621 44(c) 76,427 591,755 605,568 (iii) 45,218 47,334 7,137,933 5,897,521 (i) (ii) 1,551,534,000 1,250,399,0001,181,254,000 931,862,00047,991,000 (iii)

137 28. 30 198,534 82,419 31 180 495,561 20,601 181 365 30,594 97,737 365 101,884 149,888 826,573 350,645 265,0002,015,00012,958,000 12,535,000 29. (ii) 98,089 98,089 (iii) 462,133 386,268 (i) 2,466 2,466 (ii) 190,741 481,608 (v) 1,352,351 1,183,988 (iv) 28,296 29,612 2,035,987 2,083,942 (ii) 68,784

138 29. (i) (ii) 15,262,000 15,971,000 105%105% 97,444,000 120%28,660,00068,784,000 (iii) 78,815,00082,479,000 12.512.5 121,355,000 466,196,000 344,841,000 (iv) (v) 41151,793,000 1,183,988,000151,793,0001,183,988,000 99%Advantage World Investment Limited AWIAWIAWI49% 21,585,000168,363,000 4130

139 30. 100%3,076,232,000 128,097,000160,081,000 NCRE34(a) NCRE 34(a)44(c) 90%547,260,000 66,000,00082,479,000 Bold Eagle27Bold Eagle 81,421,000Bold Eagle2734(b) 12%82,090,00093,369,000 43.95% 55.95% 71,651,00074,982,000 57,933,000 446,398,000 41 50,720,000390,134,000 7,213,00056,264,00057,933,000 446,398,000 7,213,000

140 31. 14,505,00056,963,000 32. (1,002,707) (1,767,606) (21,358) 217,379 (155,607) (70,223) (438) (2,800,560) 41 (1,030,851) (1,030,851) 54,028 80,608 227 77,962 34,576 (320) 247,081 26,639 54,049 509 (5,761) 3,492 (1,716) 15 77,227 (922,040) (2,663,800) (20,622) 289,580 (117,539) (71,939) (743) (3,507,103) 26,420 2,566 222 70,091 8,522 107,821 (29,506) (29,506) 38,964 116,017 909 (15,107) 4,949 3,196 35 148,963 (856,656) (2,545,217) (19,491) 344,564 (104,068) (68,743) (30,214) (3,279,825) 344,564 289,580 (3,624,389) (3,796,683) (3,279,825) (3,507,103) 3,889,622,0003,473,070,000 3,796,845,0003,380,293,000

141 32. 4,467,158,000 4,403,463,000 33. 14,213,256 13,674,275 (ii) 8,020,383 6,453,650 22,233,639 20,127,925 (i) 12,103,551 10,725,483 10,130,088 9,402,442 22,233,639 20,127,925 4,990,628 7,838,393 4,316,039 619,861 8,209,660 9,043,978 4,717,312 2,625,693 22,233,639 20,127,925 (4,990,628) (7,838,393) (iii) 17,243,011 12,289,532 4,271,735 4,601,123 13,085,663 12,289,532 718,893 3,237,270 4,157,348 22,233,639 20,127,925

142 33. (i) 5,208,228 8,443,487 1,541,220 129,768 1,194,225 1,254,235 233,333 255,325 10,755,933 10,552,458 94,949 429,083 4,664 6,045 19,032,552 21,070,401 (ii) (a) 3,337,600 3,337,600 (b) 477,669 1,249,688 (c) 1,791,259 1,866,362 (d) 2,127,253 (e) 286,602 8,020,383 6,453,650

143 33. (ii) (a) 1,000,000,000 4.48 1,965,600,0004.77 372,000,0004.77 (b) 477,669,0001,249,688,000 6.526.52 (c) 6.50 6.5001001,500,000,000 6.50 22,000,00033,194,0007.197.19 (d) 4.47 4.471,800,000,000 19,220,00022,952,000 4.71 (e) 143,301,000 9 143,301,000 6

144 33. (iii) 6,399,413,0002,337,600,000 4.47 9.00 5.85 7.02 2.23 7.38 2.68 7.87 3,055,662 3,110,359 1,826,000 2,034,654 4,881,662 5,145,013 1,965,600 1,965,600 1,372,000 1,372,000 3,337,600 3,337,600 34. (a) Neo-China Land Group (China) LtdNCL NCL Neo-China Real Estate (Shanghai) LimitedNCRENCRE 2,677,800,0003,197,755,0003,100,000,000 3,701,935,000 100,000,000119,417,000 799,912,634955,234,0002,200,087,3662,627,284,000 18024

145 34. (a) (i)90365(ii)0.05% 1,074,651 24 2,627,284 3,701,935 126 2,664,399 140 1,336 30 (160,070) 2,505,931 3,701,935 2,505,931 1,196,004 1,074,651 (1,336) 1,073,315 899,913,0001,074,651,000 NCL NCRE NCRENCRENCLNCRE 29%180 NCL1,150,000,000

146 34. (a) 2,215,516 NCRE (b) 27 1,074,731 28 99,975 1,174,706 131 729,505 103 (28) 729,711 1,174,706 (729,711) 444,995 1,074,731 (103) 1,074,628

147 35. 46 46 1,668,000,000 1,991,880,000 1,368,000,000 1,633,628,000 51 300,000,000358,252,000

148 36. 0.04 10,000,000 400,000 4,811,523 192,461 (250) (10) 4,811,273 192,451 200 1.22 1.22 245 50 1.29 1.29 65 310

149 37. 30%12 1% 1.0021 10 (i)(ii) (iii) 42,750,000 57,750,0000.9%1.2% 38,000,000 (8,000,000) 30,000,000 12,750,000 12,750,000 7,000,000 (7,000,000) 2.98 2.98 2.98 42,750,000 2.98 2.98

150 37. 38,000,000 38,000,000 12,750,000 12,750,000 7,000,000 7,000,000 2.98 2.98 2.98 57,750,000 2.98 2.98 40% 30%30% 38. 100% 54.9% 65.6%

151 39. a. 295,441 128,288 4,532 3,294 14,915,377 7,785,477 28,340,542 24,307,982 b. (i) 498,992 566,867 6,430,143 6,708,360 1,739,122 106,037 3,210,958 3,419,189 31,714,00036,957,0001,328,927,000 1,738,753,000

152 39. b. (i) 5%5%5%5% 5%5% 5%5% (i) (ii) 294,972 305,227 7,145 78,720 (i) (ii) (ii) 33 29(ii)

153 39. b. (ii) 100100 100100 111,165,000 100,803,00037,124,00032,495,000 (iii) 10%10% 10% 14,196,000

154 39. b. 44(a) 24100%100%

155 39. b. 44(a) 34(a)

156 39. b. 1,107,940,0001,258,666,000 % 1,692,014 1,692,014 1,692,014 1,991,880 1,991,880 1,991,880 0.2 2,045,780 73,482 2,119,262 2,104,771 58,007 58,007 58,007 127,915 127,915 127,915 6,976 6,976 6,976 125,340 125,340 125,340 2.4-7.3 5,957,308 5,247,825 9,247,861 5,092,278 25,545,272 22,233,639 44(a) 2,670,548 2,670,548 14,675,768 5,321,307 9,247,861 5,092,278 34,337,214 28,340,542

157 39. b. % 1,060,098 1,060,098 1,060,098 0.8 2,093,807 2,093,807 2,083,942 71,978 71,978 71,978 763,940 763,940 763,940 6,423 6,423 6,423 193,676 193,676 193,676 2.8-7.2 8,832,854 1,408,861 8,200,827 2,764,424 21,206,966 20,127,925 44(a) 2,532,937 2,532,937 15,555,713 1,408,861 8,200,827 2,764,424 27,929,825 24,307,982

158 40. (i) 4,532,000 3,294,000 1 189,277,000 1 12 (ii) 41. AWI 579,328,0004,518,760,000 99%

159 41. AWIPrestige Land Investments LimitedPrestige Land Prestige LandAWI AWI49%49380 361,396,0002,818,888,000 255,483,0001,992,767,000 AWIAWI AWI103,690,000808,779,000 151,793,0001,183,988,00029 105,913,000826,121,000660,000,000 3.72 2,623,886 451,876 3,075,762 1,442,998 4,518,760 579,328,0004,518,760,00057,933,000451,876,000 (i)(ii) 30 34,275,000

160 41. 3,384 6,583,206 89,359 12,648 121,256 (174,702) (99,515) (10,043) (1,442,998) (931,501) (1,030,851) 3,120,243 (44,481) 3,075,762 4,066,884 (121,256) 3,945,628 12,648,00089,359,000 1.0%72,419,000 92,274,000 92,274,0001.0%44,957,000 47,317,000

161 42. 3,602,746 5,869,739 43. 57,259,00036,735,000 38,610 42,394 27,004 40,823 3,273 3,019 68,887 86,236 696,086,000472,474,0002 20 572,810 358,117 1,325,273 1,424,993 711,185 923,523 2,609,268 2,706,633

162 44. (a) 22 2,208,403 2,100,545 198,233 269,933 263,912 162,459 2,670,548 2,532,937 396,465,000414,896,000 198,233,000269,933,000 263,912,000162,459,000 (b)

163 44. (c) NCRENCRE 128,097,000 275,000,000162,000 34(a)NCL NCRE64,000,00076,427,000 45. (a) 10 11,735 13,671 63 109 11,798 13,780 8 (b) 202933

164 45. (c) 168,622 108,860 63 81 24,398 58,190 6,311 6,275 22,401 55,062 (357) (1,436) (2,888) (3,701) 14,633 3,194 664 1,013 342 (i) 33 (ii) 44(a) (d)

165 45. (d) 46. (i) 10,000,000 82% 82% (ii) (i) (i) (iii) (iii) (i) (iii) (iii) (iii) (iii) 200,000,000 100% 100% 12,000,000 100% 100% 190,000,000 100% 100% 20,000,000 90% 90% 30,000,000 100% 100% 86,880,000 71.5% 71.5% 50,000,000 71.5% 71.5% 10,000,000 71.5% 71.5% 10,000,000 71.5% 71.5% 10,000,000 71.5% 71.5%

166 46. (iii) (iii) (iii) 10,000,000 71.5% 71.5% 10,000,000 71.5% 71.5% 10,000,000 71.5% 71.5% (iii) (iii) (iii) (iii) (iii) (ii) (ii) (ii) (ii) (ii) (iii) 10,000,000 71.5% 71.5% 10,000,000 71.5% 71.5% 10,000,000 71.5% 71.5% 30,000,000 67% 67% 200,000,000 100% 100% 100,000,000 100% 100% 240,000,000 100% 100% 80,000,000 100% 100% 120,000,000 100% 100% 240,000,000 100% 100% 210,000,000 100% 100%

167 46. (iii) (i) (i)(vii) 226,160,000 100% 100% 63,750,000 80% 80% 90,000,000 100% (iii)(v) 100,000,000 100% (i) (i) (iii) 6,000,000 67.5% 67.5% 3,200,000,000 59% 59% 5,000,000 59% 59% (iii) 5,000,000 59% 59% (iii) (iii) (iii) (iii) (iii) 300,000,000 53% 53% 20,000,000 59% 59% 1,000,000 59% 59% 500,000,000 59% 59% 300,000,000 59% 59%

168 46. (i) (iii) (vi) (iii)(iv) 2,100,000,000 69% 69% 167,000,000 53% 53% 735,000,000 59% 59% 100,000,000 51% 51% (i) (ii) (iii) (iv) 41 (v) 2734(b) (vi) 64.7% 51 (vii) 34(a)

169 46. 1,500,000,000 1,800,000,000 33(ii) 47. 41% 41% 32,973 402,656 6,697,155 7,122,110 (10,372) 16,127 280,690 507,933 22,601 418,783 6,977,845 7,630,043

170 47. 31,154,167 26,794,435 6,238,267 5,087,114 (13,371,799) (10,656,773) (10,326,693) (6,884,378) 6,996,787 7,218,288 6,697,155 7,122,110 2,185,457 5,582,387 (1,828,157) (4,755,165) 357,300 827,222 43,230 827,222 10,257 424,566 32,973 402,656 43,230 827,222 (315,757) (213,873) (219,424) (148,623) (535,181) (362,496) (305,500) 210,693 (186,451) 254,033 (491,951) 464,726 2,410,235 (1,020,117) 23,368 319,680 1,013,500 413,868 3,447,103 (286,569)

171 48. 2,495 334 2,405,964 2,516,990 6,652,071 8,997,377 9,060,530 11,514,701 9,503,752 8,049,095 2,883 7,667 469,589 469,589 242,685 45,437 10,218,909 8,571,788 556,687 565,603 103,185 103,185 1,888,286 2,150,003 2,466 2,466 6,976 6,423 3,333,000 1,000,000 5,890,600 3,827,680 4,328,309 4,744,108 13,388,839 16,258,809 2,337,600 4,627,807 11,051,239 11,631,002 192,451 192,461 10,858,788 11,438,541 11,051,239 11,631,002

172 49. 192,461 10,325,453 66,842 1,909,456 2,475,111 (2,867,581) 12,101,742 (181,944) (181,944) (288,796) (288,796) (288,796) (181,944) (470,740) 192,461 10,325,453 66,842 1,620,660 2,475,111 (3,049,525) 11,631,002 33,500 33,500 (560,026) (560,026) (560,026) 33,500 (526,526) (210,000) 210,000 (52,927) (52,927) (17,475) 17,475 (10) (300) (310) 192,451 10,115,153 157,073 49,367 1,060,634 2,475,111 (2,998,550) 11,051,239

173 50. 1.1 52,927 52,927,00052,374,000 1.2 1.11.6 51. 1,668,000,0001,991,880,000 1,098,000,0001,311,201,000 300,000,000358,252,000 270,000,000322,427,000 1,368,000,000 1,633,628,00035300,000,000358,252,000 30,000,00035,825,000 270,000,000322,427,000

174 4,433,476 8,782,561 9,773,547 7,773,636 3,871,923 166,442 421,612 782,094 1,731,044 1,009,274 (731,953) (388,301) (476,377) (1,151,080) (469,288) (565,511) 33,311 305,717 579,964 539,986 (601,668) (190,166) 143,471 161,181 517,385 36,157 223,477 162,246 418,783 22,601 (565,511) 33,311 305,717 579,964 539,986 54,051,725 53,613,512 53,436,959 57,566,703 63,780,450 (35,080,033) (34,521,916) (33,653,682) (37,451,871) (44,266,699) 18,971,692 19,091,596 19,783,277 20,114,832 19,513,751 12,275,488 12,162,193 12,618,970 12,484,789 12,535,906 6,696,204 6,929,403 7,164,307 7,630,043 6,977,845 18,971,692 19,091,596 19,783,277 20,114,832 19,513,751

175

176 571 363 59%41% 41%

2010 2012 2014 2011 ARC - / 2015 ARC : : / / 2011 2013 2015 ( / ) 2015100 2014-15 ( / ) 50-2012 / 2013 MERCURY - - 2014 / 2015 MERCURY - - /