825 17 72% 2007 2015 12 3139 1,667,980 3112 21 12 315,133 20
002 004 006 008 014 016 020 021 022 023 025 026 027 045 052
2,037,826 1,934,290 374,798 514,739 2014 2015 12 31 2014 2015 12 31 320,863 324,763 2014 2015 12 31 002
59,810 12 31 2015 2014 1,934,290 2,037,826 1,060,105 1,297,836 514,739 374,798 34,683 44,329 324,763 320,863 137,658 291,180 59,810 205,962 12 31 6 30 2,363,159 2,115,917 12,987,393 13,167,078 6,934,089 6,874,441 6,053,304 6,292,637 2015 2014-5.1% -4.1% 17.7% 18.3% 24.2% 13.5% 003
2015 1.8% 20156.9%25 2015 12 311,934.3 5.1%59.8 0.04 2016 1 1 12 3139 1,667,980 O2O 2016 LOL Love Original Life VIP 14 2015 Well Metro Group Limited REDValentino LOVE MOSCHINO 39 n+ 2016 004
O2O ibeacon 2016 @Dream@ @ 12 2014-2015 2016 005
7 8 10 @Dream @Dream 2014 LACP 2014 Vision Awards13 CCFA APP 2014 2015ARC Awards @Dream2014-2015 9 20142015 Galaxy Awards 11 O2O 12 006
12 1 2015 @Dream 2015 2015 2015 2015 2015 650 2015 5 2015 Go Green 2015 007
2014 12 312015 2,037.8 5.1%2015 12 312016 1,934.3 59.8 12 3141 1,667,980 1,512,280 1,342,130 21 39 50.6%31.2% 18.2% 54.8% 26.6% 16.8% 1.8% 18.2% 1.8% 31.2% 54.8% 50.6% 26.6% 16.8% 008
252015 10.7% O2O 2011-2015 ASICS MLB SKECHERS adidas kids Annil JJLKIDS 009
B2C O2O 2016 LOL Love Original LifeLOL 14 LOL LOL 2015Well Metro Group Limited Well Metro Group REDValentino LOVE MOSCHINO 39 11 010
n+ 2016 20 + OK 118 118 ibeacon 2016 011
VIP NVIP K11 2016 50,00035,000 52,000 2017 012
2015 2015 6.9%25 300,93110.7% 1.3% 2016 2016 013
20152,037.8 5.1% 20161,934.3 2016 6,947.12015 7,928.412.4% 7,072.75,986.3 18.3%17.7% 2016514.7 2015 374.8 38.6%28.4% 27.5% 5.5%24.2% 13.5%2015 1 Well Metro Group2016 63.3%9.7% 201544.3 21.8% 201634.7 2015320.91.2% 2016324.8 2014 11 3 201686.7 2015 115.7 2016 41.5 14.1 15.9 5.7 7.5 Well Metro Group 9.3 2015324.2 20.4% 2016390.2 2015377.6 2016323.8 014
2015171.1 2016155.6 2015 2015585.5 2016603.2 2014 111182015 1 Well Metro Group 2015413.1 2016412.2 2016 53.1 2014 11118 2015 1Well Metro Group 2016 137.7 2015 291.2 201696.5 2015 96.4 16.3 206.0 71.0% 59.8 195.2 36.2% 124.5 12 312,363.2 6 302,115.9 12 31 1,343.1 2015 6 301,707.0419.2 6 30524.3 12 31 955.26 30709.3 2015 12 31479.6 446.1 446.1378.7 12 31 1,824.06 301,952.5 419.2 2015 6 30525.0 12 31 015
2015 12 2015 2014-2015 @Dream 2013 @DreamDream 7,000 2015 7 9@Dream @Dream @Dream @ 9400 77 10 @Dream 125 12 11 1 12 12 2,300300 45 42 016
LOL 6.2 500 2015 11 12 2015 10 25 300 2015 12 150 650 8,000 2015 9 10 2,80025,000 700 2,500 2015 9 2015 017
New World 2015 8 12 2014 2015ARC Awards 2015 Galaxy Awards LACP 2014 Vision Awards 2015ARC Awards LACP 2014 Vision Awards 2015 2014243 018
@ 2015 5 Go Green2015 @Dream 2014 2015 11 CCFA CCFA CCFA APP 2015 20152015 2015 2015 2015100 2014 20152015 1182015 2015 019
21 44 2015 12 31 3434 2410 34 2016 2 22 020
2015 12 31 12 31 2015 2014 6 1,934,290 2,037,826 7 86,673 115,714 8 7,477 6,877 (5,676) 2,254 (390,247) (324,215) 9 (323,849) (377,601) (155,570) (171,081) (603,207) (585,524) 10 (412,233) (413,070) 137,658 291,180 41,833 34,491 (23,140) (23,358) 11 18,693 11,133 156,351 302,313 12 (96,541) (96,351) 59,810 205,962 59,810 205,962 13 102,855 14 0.04 0.12 27 44 021
2015 12 31 12 31 2015 2014 59,810 205,962 (10,097) (7,267) (261,525) 67,713 (268,792) 57,616 (208,982) 263,578 (208,982) 263,578 27 44 022
12 31 12 31 6 30 1,667,156 1,794,395 16 4,522,932 4,717,926 756,739 803,474 1,790,719 1,869,132 17 306,689 314,707 353,451 395,627 18 32,227 19 9,256 165,256 162,571 9,604,425 10,057,832 254,119 230,412 20 120,367 98,206 634,736 637,139 21 8,323 27,207 21 2,264 365 17,060 26,806 2,346,099 2,089,111 3,382,968 3,109,246 12,987,393 13,167,078 22 168,615 168,615 23 5,884,689 6,093,671 30,351 6,053,304 6,292,637 25 554,597 601,043 54 62 24 1,176,585 1,578,056 864,658 876,775 2,595,894 3,055,936 023
12 31 12 31 6 30 25 4,044,985 3,583,344 21 7,188 4,086 21 14,385 12,356 16 16 24 166,473 128,970 105,148 89,733 4,338,195 3,818,505 6,934,089 6,874,441 12,987,393 13,167,078 (955,227) (709,259) 8,649,198 9,348,573 27 44 024
2015 12 31 2014 7 1 168,615 2,061,021 86,736 391,588 344,381 629,406 2,734,796 6,416,543 205,962 205,962 (10,097) (10,097) 67,713 67,713 2014 12 31 57,616 205,962 263,578 2014 6 30 (101,169) (101,169) 11,106 (11,106) (101,169) 11,106 (11,106) (101,169) 2014 12 31 168,615 1,959,852 86,736 391,588 355,487 687,022 2,929,652 6,578,952 7 1 168,615 1,856,997 109,049 391,588 359,388 617,470 2,789,530 6,292,637 59,810 59,810 (7,267) (7,267) (261,525) (261,525) 2015 12 31 (7,267) (261,525) 59,810 (208,982) 2015 6 30 (30,351) (30,351) 15,691 (15,691) (30,351) 15,691 (15,691) (30,351) 12 31 168,615 1,826,646 109,049 391,588 375,079 (7,267) 355,945 2,833,649 6,053,304 27 44 025
2015 12 31 12 31 2015 2014 819,478 1,123,616 (8,336) (9,655) (94,324) (205,550) 51,701 34,491 8,622 586,508 13,234 142 (39,466) (68,569) 405,936 164,382 875,000 (516,861) (25,223) (25,043) (30,351) (101,169) (408,053) 748,788 342,856 2,278,340 7 1 2,089,111 896,538 (85,868) (7,010) 12 31 2,346,099 3,167,868 27 44 026
1 2007 1 2522 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 2007 7 12 2016 2 22 2 12 31 34 2015 6 30 12 31 955,227,0002015 6 30709,259,000 3 2016 7 1 9 (2014 14 15 1012 28 (2011 10 28 11 1 16 38 16 41 27 2012 2014 027
3 2015 6 30 (i) (ii) (iii) 028
3 (i) (ii) (i) 029
4 2015 6 30 5 5.1 2015 6 30 6 30 5.2 (i) (ii) 030
5 5.2 2015 12 31 32,227 32,227 9,256 9,256 32,227 9,256 41,483 6 30 2015 12 31 7 1 9,256 12 31 9,256 56.9% 29.7% 031
6 12 31 2015 2014 1,060,105 1,297,836 514,739 374,798 34,683 44,329 324,763 320,863 1,934,290 2,037,826 12 31 2015 2014 5,986,284 7,072,738 1,060,105 1,297,836 032
6 2015 12 31 1,852,845 81,445 1,934,290 89,822 50,826 140,648 7,477 7,477 (5,676) (5,676) (4,791) 137,658 41,833 (23,140) 18,693 156,351 (96,541) 59,810 2014 12 31 1,958,240 79,586 2,037,826 248,052 41,092 289,144 6,877 6,877 2,254 2,254 (7,095) 291,180 34,491 (23,358) 11,133 302,313 (96,351) 205,962 033
6 12 31 7,097,644 5,722,371 12,820,015 165,256 2,073 49 12,987,393 2015 12 31 97,214 8,688 105,902 154,484 1,086 155,570 6 30 7,174,905 5,823,887 12,998,792 162,571 5,485 230 13,167,078 2014 12 31 215,073 5,112 220,185 170,482 599 171,081 034
7 12 31 2015 2014 14,139 13,147 41,520 48,687 27(a)(v) 15,859 26,744 15,155 27,136 86,673 115,714 8 12 31 2015 2014 9,256 10,097 (1,779) (3,220) 7,477 6,877 2014 12 311,759,00027(a)(v) 9 12 31 2015 2014 290,424 339,772 33,425 37,829 323,849 377,601 035
10 12 31 2015 2014 75,156 91,116 95,948 142,720 48,107 49,924 3,338 3,661 53,143 (15,365) 96,842 109,538 39,699 31,476 412,233 413,070 11 12 31 2015 2014 41,833 34,491 (27,429) (28,339) 4,289 4,981 (23,140) (23,358) 18,693 11,133 12 12 31 2015 2014 80,635 86,236 71 (2,181) (6,962) 15,835 19,258 96,541 96,351 2015 2014 12 31 25%201425% 036
13 12 31 2015 2014 20140.061 102,855 14 (a) 12 31 2015 2014 59,810 205,962 1,686,145 1,686,145 0.04 0.12 (b) 20152014 12 31 15 2015 12 3198,586,0008,336,0002014219,715,000 9,655,000 15,882,0002014 32,677,000 16 12 31 12 311,823,950,0002015 6 301,922,500,000 24 037
17 12 312015 6 30 2013 2 8 250,012,000 527,060,000 12 31306,689,0002015 6 30 314,707,000 18 12 31 6 30 32,227 19 12 31 6 30 9,256 038
20 12 31 6 30 138,992 121,524 (18,625) (23,318) 120,367 98,206 30 12 31 6 30 0 30 85,528 69,423 31 60 10,530 6,198 61 90 2,282 2,697 90 22,027 19,888 120,367 98,206 3,072,0002015 6 309,804,000 21 6 3024,004,00027(a) (v) 039
22 0.1 6 302015 12 31 10,000,000 1,000,000 0.1 6 302015 12 31 1,686,145 168,615 23 2014 7 1 2,061,021 86,736 391,588 344,381 629,406 2,734,796 6,247,928 2014 6 30 (101,169) (101,169) 11,106 (11,106) 205,962 205,962 (10,097) (10,097) 67,713 67,713 1,959,852 86,736 391,588 355,487 687,022 2,929,652 6,410,337 13 (102,855) (102,855) 2014 12 31 1,856,997 86,736 391,588 355,487 687,022 2,929,652 6,307,482 7 1 1,856,997 109,049 391,588 359,388 617,470 2,789,530 6,124,022 2015 6 30 (30,351) (30,351) 15,691 (15,691) 59,810 59,810 (7,267) (7,267) (261,525) (261,525) 12 31 1,826,646 109,049 391,588 375,079 (7,267) 355,945 2,833,649 5,884,689 040
24 12 31 6 30 395,210 500,000 781,375 1,078,056 1,176,585 1,578,056 23,952 24,257 142,521 104,713 166,473 128,970 1,343,058 1,707,026 12 31 6 30 2.08% 2.03% 4.67% 5.90% 2.87% 3.71% 2.89% 3.24% 12 31 6 30 840,295 1,129,856 431,651 507,948 14,367 16,847 56,745 52,375 1,343,058 1,707,026 041
24 12 31 6 30 166,473 128,970 83,832 1,165,556 1,092,753 412,500 1,343,058 1,707,026 12 31419,162,0002015 6 30524,257,000 6 3010,215,0002015 6 3019,745,0001,823,950,0002015 6 30 1,922,500,000 25 12 31 6 30 2,561,964 2,028,801 2,037,618 2,155,586 4,599,582 4,184,387 (554,597) (601,043) 4,044,985 3,583,344 60 90 12 31 6 30 0 30 1,085,771 914,025 31 60 884,623 567,276 61 90 232,799 147,174 90 358,771 400,326 2,561,964 2,028,801 042
25 84,469,0002015 6 3059,452,000 90 26 12 31 6 30 446,075 474,364 33,533 479,608 474,364 27 (a) 12 31 2015 2014 (i) (29,666) (48,718) (ii) (12,889) (13,381) (iii) 4,557 (iv) 1,145 3,985 (v) 30,488 50,414 (vi) 42,972 51,172 (i) (125,071) (138,377) (ii) (14,053) (14,098) (iv) 587 8,129 (vii) 106 101 (viii) (34,298) (ix) 90 94 (x) (4) (7) 043
27 (a) (i) (ii) (iii) (iv) (v) (vi) 2015 12 112014 11 28 30,488,00050,414,000 (vii) (viii) (ix) (x) (b) 20 21 25 (c) 12 31 2015 2014 8,910 11,181 504 647 9,414 11,828 28 044
2015 12 3120140.061 2015 12 31 2015 12 31 2015 12 31 2410 2015 12 31 14 10 2015 12 31 12 315,1332015 6 30 4,949 2015 12 31 045
2015 12 31 13.51B (1) 2015 8 28 12 10 12 31 XV352 XV78 (a) 600,000 600,000 0.01 1.00 18,349,571 30,349,571 0.80 12,000,000 (1) (1) 046
(b) i. 2015 12 31 7 1 12 31 2011 1 18 (1) 2,077,922 2,077,922 3.036 2011 1 18 (2) 935,066 935,066 3.036 2011 1 18 (1) 1,038,961 1,038,961 3.036 4,051,949 4,051,949 (1) 2011 2 192012 2 192013 2 192014 2 192015 2 19 2016 2 18 (2) 2013 2 192014 2 192015 2 192016 2 18 (3) 10.00 047
(b) ii. 2015 12 31 7 1 12 31 (4) (4) 2012 3 19 (1) 10,664,813 10,824 10,675,637 9.152 2012 3 19 (1) 3,732,683 3,788 3,736,471 9.152 2012 3 19 (2) 1,345,328 1,365 1,346,693 9.152 2014 1 22 (3) 532,442 540 532,982 9.756 16,275,266 16,517 16,291,783 (1) 2012 3 192013 3 192014 3 192015 3 192016 3 18 (2) 2013 3 192014 3 192015 3 192016 3 18 (3) 2014 1 222015 1 222016 1 222017 1 222018 1 21 (4) 2015 6 30 2012 3 192015 12 299.161 9.152 2014 1 222015 12 299.766 9.756 (5) 10.00 048
(b) iii. 2015 12 31 7 1 12 31 (2) (2) 2015 3 9 (1) 7,401,080 6,845 7,407,925 14.145 7,401,080 6,845 7,407,925 (1) 60%2015 5 92020 3 840%2016 3 9 2017 3 92020 3 8 (2) 2015 6 30 2015 12 2914.158 14.145 (3) 10.00 2015 12 31 XV352 XV78 049
12 31 XV23336 Cheng Yu Tung Family (Holdings) 1,218,900,000 1,218,900,000 72.29 Limited CYTFH (1) Cheng Yu Tung Family (Holdings II) 1,218,900,000 1,218,900,000 72.29 Limited CYTFH-II (2) Chow Tai Fook Capital Limited 1,218,900,000 1,218,900,000 72.29 CTFC (3) 1,218,900,000 1,218,900,000 72.29 (4) (5) 1,218,900,000 1,218,900,000 72.29 1,218,900,000 1,218,900,000 72.29 (1) CYTFHCTFC 48.98%CTFC (2) CYTFH-IICTFC 46.65%CTFC (3) CTFC78.58% (4) 100% (5) 050
12 31 XV23 336 GMT Capital Corp 85,117,000 85,117,000 5.05 2015 12 31 XV23 336 2007 6 12 12 31 051
Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor Royal Bank House 24 Shedden Road George Town Grand Cayman KY1-1110 Cayman Islands Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 88 7 (852) 2753 3988 (852) 2318 0884 825 88 7 (852) 2753 3988 (852) 2318 0884 nwdscad@nwds.com.hk www.nwds.com.hk 183 22 052