002 003 004 006 008 012 018 059 061 064 068 078 091 093 094 095 096 097 099 145

7,000 20027,000 31 2008 6 3 2015 002

FCA, FCPA Cricket Square, Hutchins Drive P.O. Box 2681, Grand Cayman KY1-1111 Cayman Islands 6-8 24 2401-2 Butterfield Fund Services (Cayman) Limited Butterfield House, 68 Fort Street, P.O. Box 705 Grand Cayman KY1-1107, Cayman Islands 183 17 1712-1716 www.xtep.com.hk 362000 003 2015

2015 10.0 7.0 3.5 20.5 2015 004

2015 52.951 42.2% 60% 7.0 3.5 6.226 005 2015

12 31 2015 2014 2013 2012 2011 5,295.1 4,777.6 4,343.1 5,550.3 5,539.6 2,236.7 1,946.9 1,747.6 2,257.7 2,257.6 921.0 808.7 895.4 1,131.3 1,219.3 622.6 478.0 606.0 810.0 966.4 1 28.97 21.95 27.84 37.22 44.41 (%) 42.2 40.8 40.2 40.7 40.8 17.4 16.9 20.6 20.4 22.0 11.8 10.0 14.0 14.6 17.4 28.7 36.9 30.1 27.0 20.3 2 13.0 10.4 13.8 19.8 26.6 (%) 14.7 13.1 11.2 11.4 11.3 9.0 9.4 9.3 7.1 4.8 2.3 2.2 2.6 1.7 1.8 12 31 1,063.2 917.3 954.6 663.3 495.0 7,050.8 6,947.1 6,352.2 5,836.2 5,000.1 2,966.4 2,350.3 2,356.0 1,436.8 1,400.2 275.9 803.8 443.2 782.9 183.6 19.8 9.9 1.9 5.4 3.9 4,851.9 4,700.4 4,505.7 4,274.4 3,907.4 2.4 3.0 2.7 4.1 3.6 (%) 3 19.8 23.4 20.9 16.1 9.0 4 2.22 2.16 2.07 1.97 1.80 5 58 71 79 70 63 6 98 91 91 74 64 7 96 85 76 54 63 2015 006

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2015 2015 008

2015 2015 2015 2015 009 2015

Nana

2015 012

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+ After SchoolNanaUNIQ 2015 2015 014

300 2015 20153+ + ++ 2016 + + + 201524 2015 20152015 2015 2015 2016 3 15 015 2015

TRENTAVIS FRIDAY

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5 019 2015

+ TRENTAVIS FRIDAY

2015 + 20157.8052014 6.23725.1% 14.7% 201413.1% 2015 022

201517 600,000 2015 17 023 2015

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1506 9,800 44 2015100 2013 025 2015

2012 18 25,000 2015 026

2015 10 027 2015

2011 15,000 2015 028

2015 * 029 2015

2015 After School Nana UNIQ 1998 2011 2015 2,800 2,800 2013 2014 NanaAfter SchoolOrange Caramel TC CandlerNana 20132014 UNIQ2014 UNIQ 2014 10 20 Falling In Love2015MTV 2015 030

Nicholas Tse Li Yifeng Im Jin-ah, aka Nana Calvin Tu UNIQ 031 2015

SBS Running Man2014 10 10 2015Running Man2350 2015 6 9 2010 7 5 7740 2015 2015 032

3 6 17 200 3D2015 9 30 033 2015

DNA 2015 036

X-S.E.T. TM Sorona 037 2015

+ PHYLON PHYLON 038 2015

2014 2015 6 3602016 2015 57% 201458%14% 201415% 039 2015

2015 12 3130% 3.9842014 12 31 5.6902015 58201471201379 2015 12 31 7,0002014 12 317,110 6002014 12 31500 1 38 2 3 50% 2015 12 3185% 2015 042

043 2015

20148,400 5 15% 20092.7%20145.8% 2019 8.9% 20102014 57% 13.7% 20103%2014 11%2015 10.4%39% 6 7,000 300 www.xtep.com.cn 4.85.0 B2C2014 61.7% 7 2014 5 6 2015 11 18 7 2015 044

2015 O2O 3.50 20152015 7 1,000,000 2015 12 31 045 2015

TRENTAVIS FRIDAY

20152011 2015 3+ + ++ 3++ + + + + 2015 048

132016 360 049 2015

2016 + 2016321 2016 2015 2015 050

+ O2O 2016 3+ + 051 2015

2015 052

12 31 2015 2014 (%) (%) (%) 3,258.1 61.5 3,042.9 63.7 +7.1 1,926.6 36.4 1,687.5 35.3 +14.2 110.4 2.1 47.2 1.0 +133.9 5,295.1 100.0 4,777.6 100.0 +10.8 2015 12 31 53.02014 47.810.8% 2014 10.0% 1. 2. 3. 2014 053 2015

12 31 2015 2014 (%) (%) (%) 1,428.5 43.8 1,280.3 42.1 +1.7 764.4 39.7 649.2 38.5 +1.2 43.8 39.7 17.4 36.9 +2.8 2,236.7 42.2 1,946.9 40.8 +1.4 1.4 42.2% 201440.8% 1.7 1.2 2015 12 31 5,5502014 2,9708,6302014 1.153 2015 12 319.8262014 7.986 18.6% 201416.7% 7.8052014 6.23714.7% 201413.1% 1. 2. 3. 4. 5. 2015 054

2015 12 31 4.7812014 4.884 9.0% 201410.2% 1.2132014 1.075 2.3% 20142.2% 3,1702014 1.276 2015 12 31 2,7802014 3,840 5,6202014 4,130 7,5802014 6,910 2015 12 310.517.4% 201416.9% 1.4 0.7 2015 12 312.56620142.843 2.4802014 2.509 5602014 1,150 3002014 2,200 2015 12 316.2262014 4.780 30.3% 11.8% 201410.0% 7.020145.0 3.520143.0 31.3% 10.020148.5 60% 201460% 055 2015

2015 12 31 1760201477 12 31 2015 2014 58 71 13 98 91 +7 96 85 +11 60 77 17 2015 2014 1 1 569.0 536.8 12 31 398.4 569.0 1 483.7 552.9 12 31 3,058.4 2,830.7 2 58 71 2015 12 313.9842014 5.6902015 12 31 1358201471 2015 2014 1 1 1,231.4 1,137.9 12 31 1,603.2 1,231.4 1 1,417.3 1,184.7 12 31 5,295.1 4,777.6 2 98 91 2015 12 3116.0322014 12.314 2015 6 301042015 12 31 6 2015 056

2015 2014 1 1 719.1 597.5 12 31 895.8 719.1 1 807.5 658.3 12 31 3,058.4 2,830.7 2 96 85 2015 12 318.9582014 7.191 1196201485 1 1 112 31 2 365 2015 12 31 2.8862014 12 31 2.5852014 12 31 9902015 12 311920141020141 2015 12 314.69936.0702014 12 31 31.371 2015 12 31 28.6632014 12 31 26.042 (a) 7.86510.873 2.8121,9602015 20151.516 9.381 2015 (b) 3.9663.260 4,6008,6305,870 (c) 7.1973.1675.961 1.204 2.886 2015 12 3119.8% 2014 12 3123.4% 057 2015

2015 12 3181.1402014 12 31 78.644 10.6322014 12 31 9.17370.5082014 12 31 69.471 32.4232014 12 31 31.5412.759 2014 12 31 8.03829.6642014 12 31 23.503 1,9802014 12 31 99048.7172014 12 31 47.1033.4%2015 12 312.222014 12 31 2.16 2.8% 2015 12 31 2015 12 313,1702014 1.276 34 2015 12 31 21 242015 12 31 2015 12 318,1002014 12 318,000 2015 058

2015 55.0% 74.2% 5.00 21000 4.50 19000 4.00 17000 3.50 15000 3.00 13000 2.50 11000 2.00 9000 1.50 7000 1.00 5000 0.50 3000 0.00 1 2 3 4 5 6 7 8 9 10 11 12 1368.HK2015 12 31 89.95 6 8 24 2401 2 (852) 2152 0333 (852) 2153 0330 ir@xtep.com.hk www.xtep.com.hk 2008 6 3 500 2015 12 31 2,194,995,000 1368.HK 2015 12 31 ( 1 5.78 2 5.10 3 5.06 4 5.00 5 4.98 6 4.88 7 4.70 8 4.65 9 4.60 10 4.60 11 4.50 12 4.50 13 4.20 14 4.20 15 3.90 16 3.60 2015 12 31 059 2015

2015 22 6 LACP 6 2015ARC 7 BIVA 2015 3 2014 2014 10080 5020 40 2014 2015 2015 2015 LACP: ARC: BIVA: 2015 20142015 2015 2 2 12014 1589 548 59 10 9 12 5 387 2015 060

201517 4,000 124 50 2006 ISO 061 2015

2015 TM Sorona 981 ISO14001 2015 062

8 063 2015

45 27 1999 2002 2003 2004 2005 2007 2008 2008 2008 2009 2009 2009 2009 2003 2006 2008 2009 2010 2010 2011 2013 2013 2014 20042006 2011CEO CEO2014 CEO 2010 2010 2010 2010 2011 2011 2013 2013 2013 2013 2015 2015 2015 2015 064

43 17 1999 2006 44 17 1999 2006 39 17 1999 2004 2006 58 2004 23 1982 19882003 20112014 (DBA)2014 9 MBA 5020072010 3 29 26 1987 1989 20052007 2000 2005 1994 1996 065 2015

602010 3 29 ReneSola Ltd. 2009 112013 77 2012 102013 77 36 20032008 19992002 AFE Computer Services Limited Infocast Pty Limited 482008 1 24 23 Curtin University of Technology PNG 2015 066

532008 1 24 532012 12 21 23 19982000 2001 2011 1983 1988 2005 50 067 2015

2015 12 31 A.2.1 A.2.1 10 2015 12 31 2015 12 31 2015 068

2015 12 31 4/4 1/1 4/4 1/1 4/4 1/1 4/4 1/1 4/4 1/1 4/4 1/1 2015 5 15 4/4 1/1 4/4 1/1 2015 5 15 4/4 1/1 4/4 1/1 4/4 1/1 069 2015

14 3.10(1) 3.10(2) 3.10A 2015 070

3.13 3.13 A.6.5 2015 12 31 2015 5 15 2015 5 15 071 2015

2013 8 2008 6 3 2010 3 292012 12 21 (i)(ii)(iii) 2015 072

2008 5 73.213.22 2015 12 31 2015 6 30 2015 12 31 2015 12 31 3/3 2015 5 15 2/3 2015 5 15 1/3 3/3 2015 12 31 073 2015

2008 5 7 2015 12 31 2015 2015 12 31 2015 5 15 0/1 2015 5 15 1/1 1/1 1/1 2008 5 7 2015 074

2015 12 31 2015 2015 12 31 1/1 2015 5 15 0/1 2015 5 15 1/1 1/1 2015 12 31 638,000 3,930,000 4,568,000 2015 12 31 075 2015

2015 2015 12 31 3.292015 12 31 2015 076

58 6 8 24 2401 2 6 8 24 2401 2 2015 12 31 (www.xtep.com.hk) 077 2015

2015 12 31 2015 12 311 2015 12 3193 144 10.0 8.22015 12 31 7.0 5.9 3.5 2.9 2016 4 29 2015 12 3120.5 17.0 60%2015 12 31 11 2015 12 312219613 7,6302014 2.9992015 12 3140 2015 078

2015 12 319802014 800 2015 12 3127 2015 12 31 2015 5 15 2015 5 15 079 2015

3.13 2008 6 3 2010 3 29 2008 6 3 2010 3 292012 12 21 87 64 67 2015 12 31 2015 080

2015 12 31 XV XV7 8 352 (1) (2) (3) 1,327,375,000 60.47% (2) 1,310,059,500 59.68% (4) 1,310,059,500 59.68% (2) 1,310,059,500 59.68% 2,500,000 (5) 0.11% 8,400,000 (6) 0.38% 1,380,000 (7) 0.06% (1) 2015 12 31 2,194,995,000 (2) UBS Trustees (BVI) Limited 1,310,059,5001,310,059,500 (3) 17,315,500 (4) 081 2015

(5) 1,000,000 2010 5 28 1,500,000 2011 12 7 (6) 1,000,000 2008 5 71,500,000 2009 7 29 1,000,000 2010 5 28 4,500,000 2011 12 7 400,000 (7) 600,000 2010 3 30 600,000 2011 12 7 180,000 Xtep International E-Commerce Investment Limited (1) 1,750 3.5% (1) 2015 12 31 XV352 18 XV 2015 082

2008 5 7 19,000,000 2008 5 73.2420% 30% 30% 40% 2015 12 31 2015 1 1 2015 12 31 (1) 2015 12 31 1,500,000 (1,500,000) 1,000,000 1,000,000 14,265,000 (1,800,000) 12,465,000 16,765,000 (3,300,000) 13,465,000 13,465,000 0.61% 2015 12 31 083 2015

2008 5 7 10%220,000,00012 1% 301.0 (a) (b) (c) 2015 084

2015 12 31 (1) (2)(3)(4) 2010 5 28 6.00 2012 5 28 2020 5 27 2011 12 7 2.35 2012 1 14 2021 1 13 2009 7 29 4.11 2010 7 29 2019 7 28 2010 5 28 6.00 2012 5 28 2020 5 27 2011 12 7 2.35 2012 1 14 2021 1 13 2010 3 30 6.13 2011 3 30 2020 3 29 2011 12 7 2.35 2012 1 14 2021 1 13 2009 7 29 4.11 2010 7 29 2019 7 28 2010 1 28 5.01 2011 1 28 2020 1 27 2010 5 28 6.00 2012 5 28 2020 5 27 2011 12 7 2.35 2012 1 14 2021 1 13 2015 1 1 2015 12 31 2015 12 31 2015 12 31 2015 12 31 1,000,000 1,000,000 3,000,000 (1,500,000) 1,500,000 1,500,000 1,500,000 1,000,000 1,000,000 6,500,000 (2,000,000) 4,500,000 600,000 600,000 600,000 600,000 8,140,000 (350,000) 7,790,000 500,000 500,000 8,000,000 8,000,000 48,055,000 (9,760,000) 38,295,000 78,895,000 (13,610,000) 65,285,000 085 2015

65,285,0003.0% 2015 12 31 (1) 2010 1 282010 3 302010 5 282011 12 7 4.865.955.67 2.31 (2) 2009 7 292010 1 282010 3 30 30% 30% 40% (3) 2010 5 28 30% 70% (4) 2011 12 7 2012 1 14 2013 1 14 2014 1 14 40% 30% 30% (5) 4.23 29 2015 086

2015 12 31 XV2 3 336 (1) 1,310,059,500 59.68% (2) 1,310,059,500 59.68% Ding Wang Fortune Limited (3) 1,310,059,500 59.68% Guan Hong Development Limited (3) 1,310,059,500 59.68% Ming Zhong Family Limited (3) 1,310,059,500 59.68% UBS Trustees (BVI) Limited (3) 1,310,059,500 59.68% (1) 2015 12 31 2,194,995,000 (2) 100% (3) UBS Trustees (BVI) LimitedUBS Nominees LimitedDing Wang Fortune Limited Guan Hong Development Limited Ming Zhong Family Limited Ding Wang Fortune Limited Guan Hong Development Limited Ming Zhong Family Limited 100%Ding Wang Fortune Limited Guan Hong Development Limited Ming Zhong Family Limited55% 35% 10% 2015 12 31 XV2 3 336 2014 8 1 2014 8 1 087 2015

2015 5 15 160,000,000 152,600,00050,000,000 2015 5 15 152,600,000 50,000,0002015 12 31 2015 12 31 2014 1 9 1192,000,000 452,400,000 1,170,000,000 (a) (b) (c) 40% 40% (d) (a) (b) (c) 2015 12 31 59.68% 0.79% 2015 088

2015 12 31 29 089 2015

2015 12 3118 58 167 3.7% 20145.7%14.1% 201418.1% 3.7% 20143.0%15.7% 20149.7% 5% 2015 12 31 2015 12 31 25% 2015 12 3124 6 7 2016 3 15 2015 090

93 144 2015 12 31 091 2015

2015 12 31 1 22 2016 3 15 2015 092

2015 12 31 2015 2014 5 5,295,117 4,777,648 (3,058,434) (2,830,730) 2,236,683 1,946,918 5 144,987 148,778 (982,584) (798,619) (478,070) (488,391) 6 921,016 808,686 7 (27,838) (38,352) 893,178 770,334 10 (256,607) (284,338) 636,571 485,996 622,602 478,005 13,969 7,991 636,571 485,996 12 28.97 21.95 28.78 21.77 093 2015

2015 12 31 2015 2014 636,571 485,996 (68,768) 1,543 (68,768) 1,543 567,803 487,539 553,834 479,550 13,969 7,989 567,803 487,539 2015 094

2015 12 31 2015 2014 13 591,483 585,350 14 208,663 215,836 15 62,790 55,751 16 3,239 2,172 17 72,000 48,000 20 25,064 10,206 21 100,000 1,063,239 917,315 18 398,385 568,984 19 1,603,226 1,231,419 19 288,631 258,520 20 381,351 423,695 2,395 21,258 17 100,000 450,000 21 605,825 746,159 21 64,000 110,000 21 3,607,000 3,137,110 7,050,813 6,947,145 22 895,835 728,926 23 536,369 322,950 24 1,489,361 1,221,662 44,862 76,749 2,966,427 2,350,287 4,084,386 4,596,858 5,147,625 5,514,173 24 121,199 617,367 23 1,693 25 109,705 121,248 26 43,315 65,210 275,912 803,825 4,871,713 4,710,348 27 19,354 19,214 28 4,832,588 4,681,241 4,851,942 4,700,455 19,771 9,893 4,871,713 4,710,348 095 2015

2015 12 31 27 4028(i)28(ii) 27 4028(iii) 2014 1 1 19,204 129,172 118,600 418,218 114,122 39,614 3,666,805 4,486,531 4,505,735 1,904 4,507,639 1,545 478,005 479,550 479,550 7,989 487,539 29 449 449 449 449 2013 11 (139,597) (139,597) (139,597) (139,597) 2014 11 (148,137) (148,137) (148,137) (148,137) 27(i) 10 3,128 (683) 2,445 2,455 2,455 63,104 (63,104) 2014 12 31 2015 1 1 19,214 132,300 118,600 481,322 113,888 41,159 3,793,972 4,681,241 4,700,455 9,893 4,710,348 (68,768) 622,602 553,834 553,834 13,969 567,803 2014 11 (86,015) (86,015) (86,015) (86,015) 2014 11 (51,609) (51,609) (51,609) (51,609) 2015 11 (179,080) (179,080) (179,080) (179,080) 27(i) 140 44,807 (9,234) 35,573 35,713 35,713 39,593 (39,593) 1 (909) (909) (909) (4,091) (5,000) 27 (120,447) (120,447) (120,447) (120,447) 2015 12 31 19,354 177,107 118,600 520,915 (120,447) 104,654 (27,609) 4,059,368 4,832,588 4,851,942 19,771 4,871,713 2015 096

2015 12 31 2015 2014 893,178 770,334 13 51,610 40,269 14 5,182 4,836 16 485 367 6 958 4,614 7 (56,157) (41,342) 7 40,171 38,280 7 35,595 30,795 7 10,089 12,557 7 (2,682) (2,221) 29 449 6 31,742 127,628 5 (86,270) (115,340) 923,901 871,226 170,599 (32,185) (433,660) (466,624) 42,262 (38,187) 166,909 127,908 217,285 (7,524) 1,087,296 454,614 56,157 41,342 (75,766) (69,075) (281,174) (332,322) 786,513 94,559 (58,690) (106,383) 16 (1,552) (1,473) (14,858) (95) (7,039) (49,490) 40,334 (30,956) 326,000 (465,000) 46,000 5 86,270 115,340 14 (19,822) 396,643 (538,057) 097 2015

2015 12 31 2015 2014 288,576 1,256,561 (596,113) (955,832) 27 35,713 2,455 11 (316,704) (287,734) 27 (120,447) (10,738) 1,760 (719,713) 17,210 463,443 (426,288) 3,137,110 3,563,387 6,447 11 3,607,000 3,137,110 3,607,000 3,137,110 2015 098

2015 12 31 1. 6 8 24 2401 02 10,000 100 * (i) (iii) 830,000,000 100 * (i) (iii) 158,000,000 100 * (i) (iii) 6,000,000 100 * 100 (i) (iii) 50,000,000 * 100 450,000,000 (ii) (iii) (iv) * 100 50,000,000 (ii) (iii) (vi) * 100 (ii) (iii) 10,000,000 099 2015

2015 12 31 * (i) (iii) 30,000,000 82 Xtep International E-Commerce Investment Limited 50,000 75 * 100 (ii) (iii) 30,000,000 * (i) (v) 100 (i) (ii) (iii) 2015 12 31 (iv) 2014 12 31450,000,0002013 200,000,000 2015 12 31 450,000,0002014 200,000,000 (v) 2014 9 18 2015 12 315,000,000 (vi) 2015 12 3110% 5,000,00090%100% 909,000 * (vi) 2015 100

2015 12 31 2.1 2015 12 31 (a) (b) (c) (i) (ii) (iii)(i) (ii)(iii) 101 2015

2015 12 31 2.2 19 20102012 20112013 622 2.3 9 10 282011 4 1012 282011 11 14 15 1 16 38 16 41 272011 1 20122014 1 1 2 3 4 2016 1 1 2018 1 1 2016 1 1 2015 102

2015 12 31 2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 103 2015

2015 12 31 20 5 3 10 5 5 2015 104

2015 12 31 105 2015

2015 12 31 (a)(b) 2015 106

2015 12 31 107 2015

2015 12 31 (a)(b) 2015 108

2015 12 31 109 2015

2015 12 31 2015 110

2015 12 31 (a) (b) (c) (d) 111 2015

2015 12 31 2015 112

2015 12 31 622 113 2015

2015 12 31 3. 2015 114

2015 12 31 4. 20152014 12 3110% 5. 2015 2014 3,258,137 3,042,857 1,926,639 1,687,552 110,341 47,239 5,295,117 4,777,648 * 55,484 29,723 3,233 2,813 86,270 115,340 902 144,987 148,778 5,440,104 4,926,426 * 115 2015

2015 12 31 6. 2015 2014 1 3,058,434 2,830,730 13 51,610 40,269 14 5,182 4,836 2 16 485 367 780,511 623,701 8 418,222 395,883 44,157 45,951 449 3 23,093 13,045 485,472 455,328 3,144 2,920 958 4,614 12,224 11,079 2 19 31,742 127,628 4 121,337 107,496 7 (2,682) (2,221) 1 261,442,0002014 280,113,000 2 3 2015 12 312014 4 72,727,0002014 58,836,000 2015 116

2015 12 31 7. 2015 2014 (40,171) (38,280) (35,595) (30,795) (10,089) (12,557) (822) (283) 56,157 41,342 * 23 2,682 2,221 (27,838) (38,352) * 8. 383(1)(a) (b) (c) (f)2 2015 2014 220 523 935 730 1,155 1,253 6,818 6,325 * 924 218 193 7,960 6,518 9,115 7,771 * 29(a) 29(b) 117 2015

2015 12 31 2015 a) ^ 916 17 933 458 14 472 458 14 472 458 14 472 1,680 17 1,697 2,848 924 142 3,914 6,818 924 218 7,960 b) * 220 220 c) * 308 308 192 192 ** 75 75 180 180 180 180 935 935 7,973 924 218 9,115 2014 a) ^ 912 16 928 456 14 470 456 14 470 456 14 470 1,668 16 1,684 2,377 119 2,496 6,325 193 6,518 b) * 523 523 c) 190 190 ** 180 180 180 180 180 180 730 730 7,578 193 7,771 ^ * 2015 5 15 ** 2015 5 15 2015 118

2015 12 31 9. 20148 2015 2014 500,0011,000,000 1 2 1,000,0011,500,000 1 2 2 2014 2015 2014 1,716 1,527 160 129 29 27 1,905 1,683 10. 2014 2015 2014 248,013 250,878 5,594 11,460 253,607 262,338 25 3,000 22,000 256,607 284,338 2013 20142015 12 3115% 119 2015

2015 12 31 2015 2014 893,178 770,334 223,889 202,001 (24,227) (25,659) 5,594 11,460 (414) (2,975) 50,940 71,242 3,000 22,000 (2,365) (1,381) 190 7,650 256,607 284,338 11. 2015 2014 5.020148.0 86,015 (ii) 139,597 (i) 3.02014 51,609 (ii) 10.020148.5 179,080 (iii) 148,137 (ii) 316,704 287,734 7.020145.0 129,066 (iii) 87,668 (ii) 3.520143.0 64,533 (iii) 52,601 (ii) 193,599 140,269 (i) (ii) (iii) 2013 12 31 2014 12 31 2015 12 31 2015 120

2015 12 31 12. (a) 622,602,0002014 478,005,0002,148,802,00020142,177,346,000 27 (b) 2015 12 31 622,602,0002014 478,005,0002,163,535,000 2014 2,196,073,000 2,148,802,00020142,177,346,00014,733,000 201418,727,000 13. 2015 12 31 350,902 29,028 112,677 68,507 110,603 130,708 802,425 180 3,154 9,676 92 11,892 33,696 58,690 (1,266) (65) (1,331) 20 18 48 86 2015 12 31 351,082 32,202 121,087 68,617 122,478 164,404 859,870 54,996 27,357 55,337 22,231 57,154 217,075 16,533 646 8,301 10,814 15,316 51,610 (362) (11) (373) 20 2 53 75 2015 12 31 71,529 28,023 63,276 33,047 72,512 268,387 2015 12 31 279,553 4,179 57,811 35,570 49,966 164,404 591,483 121 2015

2015 12 31 2014 12 31 154,213 34,141 100,626 32,939 94,945 306,172 723,036 250 11,967 36,399 15,236 71,291 135,143 246,062 256 437 (246,755) (49,623) (49,623) (5,113) (172) (831) (16) (6,132) 1 1 2014 12 31 350,902 29,028 112,677 68,507 110,603 130,708 802,425 43,885 26,827 48,134 15,371 44,108 178,325 11,111 1,216 7,307 7,583 13,052 40,269 (686) (104) (723) (5) (1,518) (1) (1) 2014 12 31 54,996 27,357 55,337 22,231 57,154 217,075 2014 12 31 295,906 1,671 57,340 46,276 53,449 130,708 585,350 2015 12 3157,883,000 2014 148,080,0002015 12 3157,883,000 55,993,0002014148,080,00073,988,000 14. 2015 2014 1 1 220,734 225,570 19,822 26 (21,895) (5,182) (4,836) 12 31 213,479 220,734 (4,816) (4,898) 208,663 215,836 2015 122

2015 12 31 15. 2014 2 9 62,790,0002014 12 31 55,751,000 2015 12 31 62,900,000 16. 2015 2014 4,156 2,683 1,552 1,473 12 31 5,708 4,156 1,984 1,617 485 367 12 31 2,469 1,984 12 31 3,239 2,172 17. 2015 2014 (i) 72,000 48,000 (ii) 100,000 450,000 172,000 498,000 (i) (ii) 2015 12 3133,000,0002014 33,000,00015,000,0002014 15,000,00024,000,00020142014 2012 10 222014 12 222015 9 30300,000,000 300,000,000 800,000,00011% 5% 3% 2014 12 31450,000,0002015 12 31 123 2015

2015 12 31 18. 2015 2014 88,684 89,942 72,519 42,659 237,182 436,383 398,385 568,984 19. 2015 2014 1,891,015 1,487,466 (a) (287,789) (256,047) (b), (c) 1,603,226 1,231,419 (d) 288,631 258,520 (a) 2015 2014 1 1 256,047 128,419 6 31,742 127,628 12 31 287,789 256,047 430,667,0002014 530,421,000 287,789,0002014 256,047,000 2015 124

2015 12 31 (b) 2015 2014 1,125,562 858,755 330,221 266,096 147,443 106,568 12 31 1,603,226 1,231,419 (c) 2015 2014 1,125,562 858,755 330,221 266,096 147,443 106,568 1,603,226 1,231,419 (d) 2015 2014 130,500 15,020 158,131 243,500 288,631 258,520 125 2015

2015 12 31 20. 2015 2014 205,174 152,051 159,535 168,330 9,910 10,206 8,357 669 17,231 95,138 6,208 7,507 406,415 433,901 (25,064) (10,206) 381,351 423,695 21. 2015 2014 1,260,417 1,351,240 * 3,116,408 2,642,029 4,376,825 3,993,269 24 (592,170) (715,505) ** (13,655) (28,455) 22 (2,199) (605,825) (746,159) 24 (100,000) * (64,000) (110,000) 3,607,000 3,137,110 * 64,000,0002014 110,000,000169,924,0002014 48,280,000 ** 2015 126

2015 12 31 2,912,755,0002014 2,600,366,0001,260,417,0002014 1,351,240,000 2014 22. 2015 2014 779,356 590,129 62,865 81,869 53,614 47,078 895,835 719,076 9,850 895,835 728,926 6090 2014 12 31 9,850,0002,199,000 23. 2015 2014 73,446 66,240 119,634 46,878 25,103 417 11,808 13,981 308,071 195,434 538,062 322,950 (1,693) 536,369 322,950 2,682,0002014 2,221,000 7 127 2015

2015 12 31 24. 2015 (%) (a) +2.2% (b) +1.2% 2.0% 2016 562,180 2016 927,181 1,489,361 (a) +2.2% 2017 121,199 1,610,560 2014 (%) (a) +2.2% (b) +1.5% 2.25% 2015 291,767 2015 929,895 1,221,662 (a) +2.2% 2017 617,367 1,839,029 2015 2014 1,489,361 1,221,662 121,199 539,198 78,169 1,610,560 1,839,029 2015 128

2015 12 31 (a) 452,400,000373,275,0002014 452,400,000358,029,00092,000,000588,448,0002014 92,000,000564,409,000 (b) (i) 692,170,0002014 715,505,000 (ii) 20141,103,018,000 910,100,0002014700,000,000553,980,000 (iii) 64,000,0002014 110,000,000169,924,000 2014 48,280,000 21 2015 12 31418,330,0002014 556,356,000 25. 2014 1 1 153,453 (54,205) 10 22,000 2014 12 312015 1 1 121,248 (14,543) 10 3,000 2015 12 31 109,705 10%2008 1 1 2007 12 31 5% 10% 2008 1 1 2015 12 31 2014 129 2015

2015 12 31 26. 2015 2014 1 1 65,210 114,833 14 * (21,895) (49,623) 12 31 43,315 65,210 114,833,000 2014 12 3149,623,000 * 2015 12 31 27. 2015 12 31 100,000,000,000 0.01 1,000,000 935,629 2,194,995,000 0.01 21,950 19,354 2014 12 31 100,000,000,000 0.01 1,000,000 935,629 2,178,085,000 0.01 21,781 19,214 2015 130

2015 12 31 0.01 2014 1 1 2,176,765,000 21,768 19,204 (i) 1,320,000 13 10 2014 12 312015 1 1 2,178,085,000 21,781 19,214 (i) 16,910,000 169 140 2015 12 31 2,194,995,000 21,950 19,354 (i) 2015 12 312913,260,00020141,320,000 350,0002014293,300,0002014 2.354.113.2416,910,000 20141,320,0000.0120140.01 43,292,000 35,713,00020143,102,0002,455,000 140,0002014 10,00035,573,0002014 2,445,000 11,191,0009,234,0002014862,000683,000 2015 12 313.05250,000,000 0.01 152,600,000120,447,000 2015 5 15 29 28. (i) 131 2015

2015 12 31 (ii) (iii) 50% 2.4 29. (a) 2008 5 7 2008 5 7 (i) 20% (ii) 19,000,000 (iii) 2008 6 3 30% 30% 40% (iv) (v) 2008 5 7 19,000,000 2015 132

2015 12 31 2015 2014 1 1 3.24 16,765 3.24 16,765 3.24 (3,300) 3.24 12 31 3.24 13,465 3.24 16,765 4.49 3,300,0002014 3.24 3,300,0002014 20152014 12 31 2015 3,180,000 3.24* 2009 6 32018 5 6 4,005,000 3.24* 2010 6 32018 5 6 6,280,000 3.24* 2011 6 32018 5 6 13,465,000 2014 4,170,000 3.24* 2009 6 32018 5 6 4,995,000 3.24* 2010 6 32018 5 6 7,600,000 3.24* 2011 6 32018 5 6 16,765,000 * 4.0520% 2008 12 31 10,815,000 133 2015

2015 12 31 13,465,000 0.6% 13,465,000 135,000111,00043,492,00035,885,000 (b) 2008 5 7 30% 12 1% 10 130 (1) (2) (3) 2015 134

2015 12 31 2015 2014 1 1 3.07 78,895 3.07 80,215 2.40 (13,610) 2.35 (1,320) 12 31 3.22 65,285 3.07 78,895 4.2620143.5 2014 12 31449,000 13,260,00020141,320,000350,0002014 2.354.11 13,610,00020141,320,000 20152014 12 31 2015 2,535,000 4.11 2010 7 292019 7 28 2,895,000 4.11 2011 7 292019 7 28 3,860,000 4.11 2012 7 292019 7 28 150,000 5.01 2011 1 282020 1 27 150,000 5.01 2012 1 282020 1 27 200,000 5.01 2013 1 282020 1 27 180,000 6.13 2011 3 302020 3 29 180,000 6.13 2012 3 302020 3 29 240,000 6.13 2013 3 302020 3 29 3,000,000 6.00 2012 5 282020 5 27 7,000,000 6.00 2013 5 282020 5 27 16,851,000 2.35 2012 1 142021 1 13 14,022,000 2.35 2013 1 142021 1 13 14,022,000 2.35 2014 1 142021 1 13 65,285,000 135 2015

2015 12 31 2014 2,640,000 4.11 2010 7 292019 7 28 3,000,000 4.11 2011 7 292019 7 28 4,000,000 4.11 2012 7 292019 7 28 150,000 5.01 2011 1 282020 1 27 150,000 5.01 2012 1 282020 1 27 200,000 5.01 2013 1 282020 1 27 180,000 6.13 2011 3 302020 3 29 180,000 6.13 2012 3 302020 3 29 240,000 6.13 2013 3 302020 3 29 3,000,000 6.00 2012 5 282020 5 27 7,000,000 6.00 2013 5 282020 5 27 22,155,000 2.35 2012 1 142021 1 13 18,000,000 2.35 2013 1 142021 1 13 18,000,000 2.35 2014 1 142021 1 13 78,895,000 65,285,000 65,285,000653,000 539,000209,215,000172,623,000 65,285,000 3.0% 30. 2014 8 2014 8 1 31. 2014 12 3149,623,00026 32. 2014 2015 136

2015 12 31 33. 2014 2015 2014 9,246 8,156 19,047 10,790 19,369 3,124 47,662 22,070 34. 33 2015 2014 85,752 52,732 28,741 35,281 380,310 221,947 100 100 494,903 310,060 35. 8 2015 2014 7,742 6,325 218 193 7,960 6,518 137 2015

2015 12 31 36. 2015 2014 172,000 498,000 1,603,226 1,231,419 288,631 258,520 6,208 7,507 705,825 746,159 64,000 110,000 3,607,000 3,137,110 6,274,890 5,490,715 6,446,890 5,988,715 2015 895,835 895,835 11,808 186,112 197,920 1,610,560 1,610,560 11,808 2,692,507 2,704,315 2015 138

2015 12 31 2014 728,926 728,926 13,981 109,061 123,042 1,839,029 1,839,029 13,981 2,677,016 2,690,997 37. 2015 12 311,208,400,0002014918,140,000 2014 24201449 2015 12 312014 2015 6 302015 12 31 754,100,0002014 6 30 197,380,000 1,962,500,0002014 12 31 918,140,000 38. 139 2015

2015 12 31 2015 12 31 20152014 12 31 2015 12 31 2014 39. 2015 140

2015 12 31 2015 100 (13,764) (100) 13,764 2014 100 (18,525) (100) 18,525 2015 895,835 895,835 197,920 197,920 1,486,829 137,473 1,624,302 2,580,584 137,473 2,718,057 141 2015

2015 12 31 2014 728,926 728,926 123,042 123,042 1,222,642 667,294 1,889,936 2,074,610 667,294 2,741,904 2015 12 312014 12 31 2015 2014 3,607,000 3,137,110 1,610,560 1,839,029 1,996,440 1,298,081 4,871,713 4,710,348 0.410 0.275 2015 142

2015 12 31 40. 2015 2014 1,128,009 1,100,241 413,326 1,070,235 6,464 716 198,085 35,719 617,875 1,106,670 3,619 3,472 34,310 45,270 1,489,361 1,221,662 1,527,290 1,270,404 (909,415) (163,734) 218,594 936,507 121,199 617,367 1,693 122,892 617,367 95,702 319,140 19,354 19,214 76,348 299,926 95,702 319,140 143 2015

2015 12 31 2014 1 1 129,172 114,122 (113,584) 47,366 177,076 408,329* 408,329 (639) (639) (639) 408,329 407,690 449 449 2013 (139,597) (139,597) 2014 (148,137) (148,137) 3,128 (683) 2,445 2014 12 31 2015 1 1 132,300 113,888 (114,223) 167,961 299,926 171,335* 171,335 6,665 6,665 6,665 171,335 178,000 2014 (86,015) (86,015) 2014 (51,609) (51,609) 2015 (179,080) (179,080) 44,807 (9,234) 35,573 (120,447) (120,447) 2015 12 31 177,107 (120,447) 104,654 (107,558) 22,592 76,348 * 285,463,0002014 480,293,000 2.4 41. 2016 3 15 2015 144

2007 2 23 55% 35% 10% 2008 6 3 145 2015

2008 5 7 2008 5 21 571 0.01 2008 5 72008 5 21 1661 2015 12 31 2015 146

特步國際控股有限公司 Xtep International Holdings Limited 特步國際控股有限公司 XTEP INTERNATIONAL HOLDINGS LIMITED 香港灣仔港灣道 6-8 號 瑞安中心 24 樓 2401-2 室 2015 年報 www.xtep.com.hk