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1231 2014 2015 % % 32,340 59.0 30,757 47.9 5,617 10.3 9,032 14.1 1 310 0.6 1,606 2.5 Bridal Academy 7,354 13.4 6,110 9.5 8,323 15.2 8,828 13.8 2 834 1.5 7,837 12.2 54,778 100.0 64,170 100.0 (1) PDPGM (2) SMP 174 20151231 21,4002014123118,1003,300 18.2% 1231 2014 2015 32,340 1,685 2-58 19 30,757 1,221 4-64 25 5,617 321 11-88 17 9,032 355 11-88 25 7,354 529 4-38 14 6,110 485 4-40 13 8,323 422 5-49 20 8,828 501 5-49 18 53,634 2,957 18 54,727 2,562 21 (i) (ii)(iii) 2
QFQCF 48 2617 9201420151231 16.226.0 23.4%31.9% 103 111 CEF 89 (A) 69959 Bridal Academy 118 Bridal Academy Bridal Academy 2016 20163202016531Bridal Academy Bridal AcademyBridal Academy 3
124 QFQCF IELTS HKIPS 2014201512312,352 2,232201420151231 11.213.0 2014201512311312 121 2014 201512315% HKIPS 1742014 20151231 30% 117 4
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2008CVIHL 2009Bridal Academy 2011 2014Bridal Academy [] HKEIIRosy Lane[]% HKEII HKEII(i)(ii)(iii) (iv) 167 20 HKEII ME HKIPS50% 25%HKIPS 6
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1231 2014 2015 69,316 81,495 13,643 18,097 11,633 14,503 2015123181.520141231 69.312.217.6%2014 20159.41.8 (i)(ii) 5.0%10.0% 1231 2014 2015 10% (1,860) (1,553) (2,151) (1,796) 5% (930) (776) (1,075) (898) (5)% 930 776 1,075 898 (10)% 1,860 1,553 2,151 1,796 10% (559) (466) (508) (424) 5% (279) (233) (254) (212) (5)% 279 233 254 212 (10)% 559 466 508 424 10% (706) (590) (846) (707) 5% (353) (295) (423) (353) (5)% 353 295 423 353 (10)% 706 590 846 707 10% (1,460) (1,219) (1,586) (1,324) 5% (730) (609) (793) (662) (5)% 730 609 793 662 (10)% 1,460 1,219 1,586 1,324 20151231 34.6 2015123164.7% 53.4 8
1231 2014 2015 4,017 2,800 26,278 43,057 18,674 19,733 7,604 23,324 11,621 26,124 20151231 2015201420151231 6.9 1231 2014 2015 1.4 2.2 60.6% 45.4% 13.4 15.6 9 1231 2014 2015 100.1% 55.5% 38.4% 31.6% [] [][]20151231 [][]2016 1231 20161231 SLL201412314.0201512 31SLL20163420161231 152016531
Bridal Academy Bridal Academy 20165 1.0 Bridal Academy 20165 (i) 20165 Bridal Academy(ii) 2016420166 (iii) 2016 2JMA 2014201512 310.50.5 0.7%0.6% 5.9%5.3% JMA 20151231 20151231 10
2016 Billion Gains Billion Gains International Limited 2015115 [] [] Bridal Academy Bridal Academy 11
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201433 32 CCBA International Holdings Limited 201621 HKEIIRosy Lane 15 CVIHL 2008911 2016 E. 12. 13
2016 279F 279 279A 2008226 14
592 HKEII 2011126 1082 HKEII HKEII HKIHML 2012 713 HKIPS 2005 423 50%25%25% 15
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[] [] 201433 32 Rich Morgan Rich Morgan International Limited 20151118 Rosy Lane Rosy Lane Investments Limited2012 1212 HKEII SBL Stage at Bridal Limited20091124 571 0.01 18
D. 6 SLL Seasoned Leader Limited201342 Billion Gains Sunny Profit Sunny Profit Group Limited 3886 201420151231 19
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BTEC BTEC 5HND 13 ENLS GDP 21
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Bridal Academy Bridal Academy 201420151231 38.341.455.3%50.8% [] Bridal AcademyBridal Academy Bridal Academy Bridal Academy 25
201420151231 54.864.2 79.0%78.7% 2015 23.3%2014 2015123132.330.8 46.6%37.8% BTEC 5 HND 2617 9201420151231 16.226.0 23.4%31.9% 26
20162 JMA 201420151231 0.50.5 0.7%0.6%5.9% 5.3% 27
2015123121,400 2014123118,1003,30018.2% 201420151231 11.213.0 16.2%16.0% 959 201420151231 28
201420151231 1312 201420151231 14.615.9 25.7%25.1% (i) (ii) 2014 29
201512317.18.5 12.5%13.4% Bridal AcademyBridal Academy 20165Bridal Academy20165 112 10,000 30
Bridal Academy 2009Bridal Academy B.8. 31
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20161231 [][]20151231 []%[] 20161231[]2016 20161231 (i) (ii) (iii) 33
(i)(ii) (iii)(iv) (v) CEF 1519 2010 201415194.33.8 (i)(ii) (iii)(iv) (v)(vi) 34
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Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 482 1605-6 www.cbba-ih.com 2604 548D 2604 46
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[] [] [ ][] []2009 2019 400,000 (i)(ii) (i) (ii)(iii) GDP QFQCF 1519 48
2015QF QF 2015 168 (QCF)QFQCF QFQCF BTEC 20102015 18.1418.410.3% 2019 21.10201520193.5% 20102019 20102019 300 20% 5,000 30% +3.5% 200 0.3% 181.4 171.0 165.9 177.2 178.6 184.1 190.2 196.7 203.6 211.0 10% 6.8% 100 3.0% 3.3% 3.4% 3.5% 3.6% 0% 0.8% -3.0% -5.7% 0-10% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 (%) 4,000 3,000 2,000 1,000 0 +5.2% 3,383.6 3,207.0 20% 2.5% 3,045.5 2,438.8 2,560.4 2,638.4 2,760.4 2,898.2 2,378.8 2,325.9 10% 10.1% 4.6% 5.0% 5.1% 5.3% 5.5% 3.0% 0% -2.5% -2.2% -10% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2011 20112012 201020152,438.82,760.4 2.5% 3,383.62015 20195.2% 20152,760.4 201515.8% 2015 111.3205.938.335.0 4.0%9.1%1.4%1.3% (%) 49
2010201421,400 24,5003.4% 20104,10020154,9003.8% 20195,80020152019 4.2% 20102019 20102019 8 20% 180 30% 6 4 2 4.1 3.8% 4.3 4.3 4.5 4.7 5.2% 5.3% 4.1% -1.2% 4.9 5.7% +4.2% 5.8 5.6 5.4 5.2 4.8% 4.5% 4.0% 3.5% 10% 0% (%) 150 120 90 60 30 82.6 +6.1% 93.7 87.1 85.1 10.0% 5.5% -2.3% 102.0 111.3 8.8% 9.1% +7.1% 146.3 137.3 128.6 120.0 7.8% 7.1% 6.8% 6.6% 20% 10% 0% (%) 0-10% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 0-10% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2012 20102015201082.62015 111.36.1% 20152019146.37.1% 201020152123 50
20102015 3.043.442.5%20152019 3.9201520193.2% QF GDP 2011GDP 20102015 7,2007,7001.5% 20198,300201520191.7% 20102019 20102019 12 9 6 3 7.2 +1.7% 1.5% 7.6 7.5 7.4 7.7 7.7 7.9 8.0 8.1 8.3 4.4% 4.2% 0.9% 1.7% 1.6% 1.6% 1.7% -1.4% -1.2% 20% 10% 0% (%) 400 300 200 100 +3.4% 211.8 225.6 226.4 230.5 6.5% 0.4% 1.8% 245.6 250.9 6.5% 2.2% +3.3% 289.7 260.6 269.9 280.1 3.8% 3.6% 3.8% 3.4% 30% 20% 10% 0% (%) 0-10% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 0-10% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20102015 211.8250.9 3.4% 2019289.7201520193.3% 51
2010 20153536 QFQCF 20104.29 20154.932.8% 20195.37201520192.1% QF 2014 6,800 20102014 20102015 2,1003,200 8.4%20194,2002015 20197.3% 52
20102019 20102019 6 40% 80 50% 5 4 3 2 1 0 +7.3% 4.2 30% 3.9 3.7 3.4 +8.4% 3.2 2.9 2.7 2.4 2.5 20% 2.1 12.9% 10% 9.8% 7.7% 8.1% 7.4% 7.2% 7.3% 7.2% 3.8% 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 (%) 60 40 20 0 40% 55.3 +9.6% 50.5 46.2 42.1 30% +10.8% 38.3 34.7 31.8 26.6 28.2 20% 23.0 15.8% 12.8% 10% 10.6% 9.9% 9.1% 9.6% 9.4% 9.5% 5.8% 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 (%) 201023.0 201538.310.8%2015 20199.6%201955.3 2010 20151149 QF 20102015 1.091.262.9% 20191.37201520192.3% QF 53
20102015 8001,90020.9% 20193,50020152019 15.9% 20102019 20102019 4 3 2 1 0 0.8 0.9 21.3% +20.9% 1.3 1.0 14.3% 28.8% 1.6 1.9 2.3 +15.9% 3.1 2.7 3.5 20.5% 20.1% 17.5% 16.4% 15.3% 14.2% 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 100% 80% 60% 40% 20% (%) 80 60 40 20 0 41.8 +18.2% 35.0 +26.9% 22.8 28.2 40% 30.0% 10.6 16.8 13.8 36.0% 21.3% 23.6% 24.2% 19.6% 18.4% 17.9% 16.9% 20% 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 201010.6201535.026.9% 201968.2 18.2% 2010172015 232015 20101.42 20151.835.3%2.07 201520193.1% QR 2015 2015 49.5 58.4 68.2 100% 80% 60% (%) 54
20102014 14.0%28.4% 55
1519 2010201415 19430380 2015 1.5% 6%2015 2015 (%) 25.9 23.3 A 22.4 20.1 B 11.0 9.9 59.3 53.3 52.0 46.7 111.3 100.0 56
2015 2015 (%) C 14.3 19.5 Bridal Academy 6.7 9.2 D 6.4 8.7 27.4 37.4 45.8 62.6 73.2 100.0 9.03.6%2015 2015 (%) E 50.0 19.9 F 28.0 11.2 G 26.3 10.5 B 22.0 8.8 H 20.0 8.0 146.3 58.4 104.5 41.6 250.8 100.0 57
3(1) 202088 12 12 250,000 58
(i)(ii) (iii) 1 50,000 59
45 50,000 200471 (i) (ii) (a) (b) 60
(c) (i) (ii) (iii) (iv) (v) (vi) (d) (a) (i) E (1) E (2) (ii) (1) 61
(2) (A) (B) (C) E (3) (A) (B) E (b) (i) (ii) (c) (i) (ii) (d) (e) (i) (ii) 62
(iii) (f) (g) (i) 47 (ii) 52 (g) (f) (i) (ii) 200XII 579 (iii) (i)(ii) 10,000 (a) (b) (c) (a) (i) E 63
(1) E (2) (ii) (1) (2) (A) (B) (C) E (3) (A) (B) E (b) (i) (ii) (c) (i) (ii) 64
(d) (e) (f) (i) 47 (ii) 52 (f) (e) (i) (ii) 200XII 579 (iii) (i)(ii) 10,000 (a) (b) (c) (a) 65
(b) (i) (ii) (iii) (iv) (v) (vi) 94 (c) (b) (i) 66
(ii) (iii) 493B 493A 19976 67
(a) (i) (ii) (iii) (b) (i) (ii) (c) 68
Bridal Academy 208 Bridal Academy 592 200855 (a) (b) (i) (ii) (i)(ii)(iii)(iv) 69
50,000 80%10,000 10,000 1. 2. 3. 4. 5. 6. 7. 70
8. 310 282 40 100,000 608 32.5 71
485 1865 5% 30,000360,000 350,000 72
2008 2008911CVIHL 20082009 2009 20082009 400,000 SLLSBLCEILHKIHMLCVIHL 2013 CVIHLSBLCEIL CVIHLBridal Academy2009 CVIHLSBL CVIHLSBL2009420106 2008 2009 CVIHL Bridal Academy 2011 2014 Bridal Academy 73
CVIHL CVIHL2008911 CVIHL10,00010,0001 Bosco Consultancy Limited 1CVIHL 20081113CVIHL Bosco Consultancy LimitedCVIHL 50% 20081114Bosco Consultancy LimitedCVIHL Wang Guo ShiWang Guo Shi CVIHLWang Guo Shi CVIHL Wang Guo ShiCVIHL 50% 2009731Wang Guo ShiCVIHL Wang Guo Shi CVIHL 50% 201211284,9991 CVIHLCVIHL50% 201211302,143CVIHL1,089,322.62 Cybercredit Education Limited Cybercredit CybercreditCVIHL 50%28.57% 21.43%Cybercredit 50%50% 74
20136182,357CVIHL1,198,102.38 Cybercredit5,000CVIHLCybercredit Cybercredit CVIHL 95%5% Cybercredit2,1432,357CVIHL Cybercredit2010101 201261 Cybercredit45%CVIHL2,287,425 201375500CVIHL SLL Cybercredit9,500CVIHLSLL CVIHLSLL 201375CVIHL SLL SBL SBL20091124 SBL SBL10,00010,0001 1SBL SBL50% 201211284,9991 SBLSBL 50% 201211302,143SBL466,852.55 Cybercredit CybercreditSBL 50%28.57%21.43% 20136182,357SBL513,472.45 Cybercredit5,000SBLCybercredit CybercreditSBL 95%5% Cybercredit2,1432,357SBL Cybercredit45%SBL 980,325 75
201375500SBLSLLCybercredit 9,500SBLSLL SBLSLL 201375SBLSLL CEIL CEIL201076 CEIL CEIL10,00010,0001 Bosco Consultancy Limited1 CEIL 201083Bosco Consultancy LimitedCEIL 4,9995,000CEILCEIL 50% 20131301,429CEIL 1,428CEIL CEIL 35.71%35.72%28.57% 20136181,179CEIL1,178 CEIL20136 194,750CEILCybercredit 4,750CEILCybercredit CybercreditCEIL 95%5% Cybercredit 50%50% 201375500CEIL SLL Cybercredit9,500CEILSLL CEILSLL 201375CEILSLL 76
HKIHML HKIHML2012713 HKIHML10,00010,0001 1HKIHML HKIHML50% 2013618HKIHML CybercreditHKIHML CybercreditCybercredit 50%50% 201375CybercreditHKIHMLSLL HKIHMLSLL 201375HKIHML SLL SLL SLLSBLCVIHLCEILHKIHML SLL201342 50,00050,0001SLL 500SLL SLL 50% 2013755004,250 4,250SLL SLL 47.5%47.5%5% 2013710HKEII2013 11820163182,2332,232SLL HKEII22,325,00022,325,000SLL HKEIIHKEII SLLSBLCVIHLCEILHKIHML 2014 77
20151231 2013930 Rosy LaneHKEII20139302013 710HKEII235SLL2,350,000 HKEII2013930 Rosy Lane2013930 Rosy LaneSLL 25.17%25.18%2.65%47% 2013126Sunny Profit20163 18150Sunny Profit 1,500,000Sunny ProfitSunny Profit 201420151231 20131219 20131219 475SLL 20131219 Rosy LaneSunny ProfitSLL 18.92%18.93% 2.65%47%9.5%3% 20131219 Rosy LaneSunny ProfitSLL 18.92%18.93% 2.65%47%9.5%3% 2016SLL 201621 Rosy Lane 2016 78
100% HKEII Fair Jade Group Limited 100% 100% Rosy Lane Sunny Profit 47% 2.65% 18.92% 18.93% 9.50% 3% SLL 100% 100% 100% 100% CVIHL SBL CEIL HKIHML 79
201621Rosy Lane Rosy Lane Sunny ProfitSLLRosy Lane Billion Gains Rich Morgan Sunny Profit9,999 (a) Rosy Lane4,699 (b) 265 (c) 1,892 (d) Billion Gains1,893 (e) Rich Morgan950 (f) Sunny Profit300 SLL Rosy LaneSunny ProfitSLL 2016SLL 80
100% HKEII Fair Jade Group Limited 100% 100% 100% 100% 100% Billion Gains Rich Morgan Sunny Profit 47% 2.65% 18.92% 18.93% 9.50% 3% 100% SLL 100% 100% 100% 100% CVIHL SBL CEIL HKIHML 81
[] 100% HKEII Fair Jade Group Limited 100% 100% 100% 100% 100% Billion Gains Rich Morgan Sunny Profit % % % % % % 100% SLL 100% 100% 100% 100% CVIHL SBL CEIL HKIHML % 82
2008 (i)(ii) Bridal Academy Bridal Academy 6947 21Bridal Academy Bridal Academy 26179 3 3 0 4 2 0 Bridal Academy 6 1 5 1 1 0 17 9 83
Bridal Academy20165 Bridal Academy (i) (ii) (iii) 20142015123113122014 2015123114.615.9 25.7%25.1% Bridal Academy 2014123169.3201512 3181.52014123111.6 2015123114.5 84
2015 23.3% 201420151231 46.7%37.7% QF QCF QFQCF 70% 85
86
20167 6,0007,000 [][] [] 2016 201612 312017630 2018630 (i) (ii) 87
2015 1.5% QFQCFCEF (i)(ii) 88
Bridal Academy 1231 2014 2015 % % 54,778 79.0 64,170 78.7 11,198 16.2 13,037 16.0 3,340 4.8 4,288 5.3 69,316 100.0 81,495 100.0 (A) 1231 2014 2015 % % 32,340 59.0 30,757 47.9 5,617 10.3 9,032 14.1 1 310 0.6 1,606 2.5 Bridal Academy 7,354 13.4 6,110 9.5 8,323 15.2 8,828 13.8 2 834 1.5 7,837 12.2 54,778 100 64,170 100 (1) PDPGM (2) SMP 89
(i)(ii) (iii)(iv) 90
UPCPDPGM 20151231 21,4002014123118,1003,300 18.2% 1231 2014 2015 32,340 1,685 2-58 19 30,757 1,221 4-64 25 5,617 321 11-88 17 9,032 355 11-88 25 7,354 529 4-38 14 6,110 485 4-40 13 8,323 422 5-49 20 8,828 501 5-49 18 53,634 2,957 18 54,727 2,562 21 (i) (ii) (iii) 91
2014 2015 1 QF/QCF ENLS 1231 1231 2 AHLEI 2 BTEC 5 HND 3 3 BTEC 3 PDHTM 15 411 58,200 58,200 20125 20159 AHLEI 12 58,000 58,000 20153 2,049,000 354 BTEC QCF 16 56,000 64,000 64,000 20133 1,156,000 768 IDHM 8 36,800 20135 20155 374 DIHM QF 9 37,800 38,700 20155 2,600,000 500 BTEC L3 QCF 1 1,900 3,880 3,880 20133 37.5 BTEC 5 HND BTEC QCF 16 768 BTEC 3 BTEC QCF 4 L3 112.5 NCC4 NCC IDB QCF 9 336 NCC5 NCC QCF 9 IADB 312 88,000 88,000 88,000 201310 3,999,000 11,000 11,000 16,000 20146 43,000 43,000 43,000 20139 693,000 45,000 45,000 45,000 20129 350,000 UPC 6 28,800 28,800 20155 PDPGM 4 14,800 14,800 14,800 20144 Bridal Academy AHLEI CGSP 1.5 15 3,500 3,500 3,500 201412 92
2014 2015 1 QF/QCF ENLS 1231 1231 DDWP 10 20,000 11,500 11,500 20099 797,000 219 DWMP 10 38,000 40,000 40,000 20159 130,000 DWP 5 17,880 18,880 20091 20159 IDWP 5 15,080 15,080 20157 71,974 WEP 2 4,800 4,800 20155 CWP 1.5 4,800 4,800 4,800 201011 BFMI 5 21,800 20,990 20,990 20141 325,319 72 CPMS 6 4,800 4,800 4,800 20128 18 CFM1 QF 5 610 34,800 36,800 36,800 20141 1,271,000 JMA 6 48,800 48,800 54,800 20146 4 C&G 2 4,800 4,800 20144 5 16,800 19,800 19,800 20147 66,272 Workshop on Corporate SMP 1 78,000 78,000 201511 Success in Competitive 8 41 312,000 312,000 International Markets (1) (2) AHLEI20159PDHTM AHLEI (3) 20155IDHMDIHMQF (4) 20162 (5) CFM1201481520151231 93
2014 2015 1 QF/QCF ENLS 11 1231 DIMM 1 65,000 20162 ATHE 5 ATHE QCF 14 63,800 20166 200 CIM 8 28,800 20166 Bridal Academy QFQCF QFQCF 94
DSE DIHM PDHTM DSE AHLEI IDHM BTEC L3 BTEC PDHTM20159AHLEIIDHM 20155DIHM BTEC DSE BTEC BTECL3 BTECL3 NCC-IDB NCC-IADB 201420151231 38.341.455.3%50.8% 2015QFQCF 34.925.9 9.0 95
201420151231 % % % 3 20141231 IDHM 2015 DIHM 13,990 43.3 25.5 20.2 891 52.9 BTEC 9,964 30.8 18.2 14.4 373 22.1 PDHTM 8,216 25.4 15.0 11.9 340 20.2 32,170 99.5 58.7 46.5 1,604 95.2 170 0.5 0.3 0.2 81 4.8 32,340 100.0 59.0 46.7 1,685 100.0 20151231 DIHM IDHM 9,454 1 30.7 14.7 11.6 389 31.9 BTEC 8,325 27.1 13.0 10.2 276 22.6 AHLEI 8,089 2 26.3 12.6 9.9 183 15.0 25,868 84.1 40.3 31.7 848 69.5 4,889 15.9 7.6 6.0 373 30.5 30,757 100.0 47.9 37.7 1,221 100.0 (1) 20151231IDHM (2) 20151231PDHTM 3 96
BTEC 16 DIHM 2015QFIDHM PDHTM AHLEI 97
201420151231 % % % % 20141231 BTEC 2,881 51.3 5.3 4.2 130 40.5 NCC IDB 1,245 22.2 2.3 1.8 63 19.6 NCC IADB 763 13.6 1.3 1.1 39 12.1 4,889 87.1 8.9 7.1 232 72.2 728 12.9 1.4 1.0 89 27.8 5,617 100.0 10.3 8.1 321 100.0 20151231 BTEC 6,789 75.2 10.6 8.3 176 49.6 NCC IDB 1,100 12.2 1.7 1.4 57 16.1 NCC IADB 595 6.6 0.9 0.7 27 7.6 8,484 94.0 13.2 10.4 260 73.3 548 6.0 0.9 0.7 95 26.7 9,032 100.0 14.1 11.1 355 100.0 98
BTEC NCC-IDB NCC-IADBNCC-IDB Bridal Academy Bridal AcademyBridal Academy Bridal Academy 201420151231Bridal Academy 15.714.922.6%18.3% 2015Bridal AcademyQF 6.7 99
201420151231 1 2 % % % % 20141231 DDWP 5,404 73.5 9.9 7.8 369 69.8 DWP 1,948 26.5 3.5 2.8 160 30.2 7,352 100.0 13.4 10.6 529 100 2 0.0 0.0 0.0 7,354 100.0 13.4 10.6 529 100.0 20151231 DDWP 4,576 74.9 7.1 5.6 373 76.9 DWP 910 14.9 1.4 1.1 84 17.3 IDWP 344 5.6 0.6 0.4 22 4.5 5,830 95.4 9.1 7.1 479 98.7 280 4.6 0.4 0.4 6 1.3 6,110 100.0 9.5 7.5 485 100.0 (1) 20141231 (2) 100
DDWP DWP IDWP 101
Bridal Academy 201420151231 % % % % 20141231 CFM1 5,880 70.6 10.7 8.5 268 63.5 BFMI 1,183 14.2 2.2 1.7 88 20.9 JMA 494 5.9 0.9 0.7 11 2.6 7,557 90.7 13.8 10.9 367 87.0 766 9.3 1.4 1.1 55 13.8 8,323 100.0 15.2 12.0 422 100.0 20151231 CFM1 6,672 75.6 10.4 8.2 368 73.5 BFMI 1,666 18.9 2.6 2.0 116 23.2 JMA 472 5.3 0.7 0.6 16 3.2 8,810 99.8 13.7 10.8 500 99.8 18 0.2 0.1 0.0 1 0.2 8,828 100.0 13.8 10.8 501 100.0 102
2016 2 SMP SMP2015Bridal Academy CIMDIMMDIMM20162 CIM20166 2.6 20151028 1.920151012 0.7 (i) (ii) 103
2617 9 Bridal Academy 104
DIHM2014 1218201683 Bridal Academy 201481520151231 80%10,000 Bridal Academy Bridal Academy Bridal Academy 105
201420151231 1.31.0(i) 100500(ii) 66 4125 0.5 Bridal Academy 106
10 358 482 6 3 85 482 7 3 126 253-261 5 3 107 253-261 6601-602 1 40 107
Bridal Academy Bridal Academy 482 16 1601-1602 Bridal Academy 375-379 1 Bridal Academy 8 272701 20165Bridal Academy 1231 2014 2015 13 23 13 23 % % 29,800 68.1 29,600 79.6 Bridal Academy 18,072 47.4 18,312 43.7 (1) 201420151231298 296 (2) (3) 108
Bridal AcademyBridal Academy (B) QFQCF 20142015 12312,3522,232 (C) 109
712 (i)77 9(ii) 5920142015 123179 25.6%25.1%1012 31.1%30.4% 2015 11SMP2014 20151112 17 QFQCF SMP 2014201512315% 110
HKIPS 27 201420151231 30%201420151231 17.3%18.7% 12.1%8.6% HKIPS 5% HKIPS 2016 2 JMA 111
1231 2014 2015 4 NCC IDB NCC IADB 316 264 2015 417 4 BTEC BTEC L3 BTEC BTEC L3 1,194 526 1 ATHE 19 2014 102 3 AHLEI CGSP 1,005 936 20162 82018 1231 112
JMA 2014201512310.20.2 20162 2014201512 312.71.9 30 201420151231 16.226.0 113
1231 2014 2015 8,399 7,031 546 1,576 285 1,238 114 HKIPS 1,967 3,077 114
201420151231 11.213.0 1030 HKIPSHKIPS 201420151231 8.47.02014201512 31HKIPS2.03.1 2014 1231 % A 2 3,278 5.8 B 2 1,928 3.4 C 2 1,829 3.2 D 2 1,449 2.5 E 2 1,341 2.4 9,825 17.3 115
2015 1231 % C 2 3,379 5.3 A 2 2,609 4.1 3 2,353 3.7 E 2 2,158 3.4 F 2 1,731 2.8 12,230 19.3 HKEII20151231 2014 20151231 17.3%19.3% 5.8%5.3% 5% 116
HKEIIHKEII HKEII ME 2015SMP SMP (i) (ii)20151231 1231 2014 2015 (%) 12.1 8.6 2.4 1.7 (%) 3.7 117
(i) (ii)(iii) 69(i) 9 (ii) 59 Bridal Academy2014 20151231Bridal Academy 1231 2014 2015 11 42 9 38 9 39 Bridal Academy 1 17 1 21 1 21 12 59 10 59 10 60 Bridal Academy Bridal Academy 694822 Bridal Academy 118
2014201512314.15.1 201420151231 5.65.1 119
1231 2014 2015 7 76 12 59 8 22 0 17 (3) (39) (2) (17) 12 59 10 59 120
2014201512311312 (i) (ii) (iii) 121
1231 10%41% 111231 122
(i) (ii) 20201420151231 14.615.9 25.7%25.1% 201412312015123148 4949 123
2014123120151231 1231 2014 2015 3 0 3 0 3 0 12 0 10 0 11 0 8 5 9 4 9 5 10 0 9 0 8 0 4 0 4 1 4 0 6 0 7 2 7 2 43 5 42 7 42 7 20142015123118.6 21.532.7%34.0% 485 (i) (ii) 124
Bridal Academy 125
126
(i) (ii) (iii) 127
20 20155 2016225 201552014 112016113 128
13 1 1 5,840 470-484 6 12 2015116 2017115 2 470-484 2015122 7701-3704-6 2017121 3 470-484 161605-6 917 2 2014111 20161031 4 Bridal Academy 868 2 470-484 Bridal Academy 2014517 1616011602 2016516 5 5193519451955196 4,394 5197 2014810 253-261 201689 5 56789 6 5193519451955196 5197 201473 253-261 201672 61-2 129
1 7 5193519451955196 5197 253-261 63 20141124 20161123 8 5193519451955196 5197 253-261 64 2014111 20161031 9 5193519451955196 5197 253-261 65-6 2014111 2016103 10 5193519451955196 5197 253-261 7703 11 5193519451955196 5197 253-261 171 322 3 201461 2016531 556 2015424 2017423 12 Bridal Academy 13 Bridal Academy 2618C 2618D 26181 375377379 1 8 272701 2,335 3 1,591 2 2014321 2016320 201634 201933 130
(1) (2) Bridal Academy Bridal Academy (3) 2014201512317.1 8.512.5%13.4% 20151231 15% 8.01A8.01B 34(2)342(1) 20165Bridal Academy (i) 20165Bridal Academy (ii)20164 20166(i) (ii) 131
Bridal Academy Bridal Academy 132
493 Stage at Bridal Limited 493 BTEC 5 (QCF) 493 BTEC 5 (QCF) 493 NCC 5(QCF) 493 NCC 4(QCF) 3 3 20141031 362468 2013103 20131021 20131024 20131024 20141218 2014715 2016129 252369 252212 252171 252170 2016 83 2016 83 2017 1231 14/003106/L3 16/000102/L3 CVIHL 133
1 Global Academic Partner Licence BTEC Approved Centre Certificate NCC Accredited Partner Certificate 45 QCF(L4DB L5DB) 20133 20182 BTEC 201431 20162 29 2 NCC 201576 20167 5 (1) CVIHL (2) www.compass.edu.hkwww.hotel.edu.hk www.bridal-academy.comwww.b-a.hkwww.ccba-ih.com B. 8. (i) (ii) 134
(iii) (iv) 509 135
112 20102015CVIHLSBL(i) 56E81 19 (ii) 56F9533 52(4)52(5) 56E56F 80(1) 52(4) 52(5)56E 56F 10,000.00 80(3) 52(4)52(5) (i)52(4) 52(5)(ii) (iii)sblcvihl 20163 56F 56F 136
E.12. (i) (ii) (iii) 6A.15(5) (i)(ii) (iii) 5.015.02 11.06 137
201420151231 61,00078,000 1519 20102014 15194.33.8 20151.5% 2015 23.3% 9.2% QFQCF 138
2015 23.3% 9.1% (i)(ii) Bridal Academy 201420151231 38.341.4 55.3%50.8% 139
2015 23.3% 20142015123132.3 30.846.6%37.8% 201420151231 16.226.0 23.4%31.9% 699591 Bridal Academy 2014 201512311312 201420151231 140
14.615.9 25.7%25.1% (i) (ii) [] [][]20162015 1231[][] 20161231 20161231 141
2014201512312.6 1.6201420151231 1.21.6 142
143
144
145
1231 2014 2015 69,316 81,495 1,196 2,208 (18,596) (21,509) (5,586) (5,079) (7,061) (8,464) (1,162) (1,571) [] (24,464) (26,700) 13,643 18,097 (2,010) (3,594) 11,633 14,503 0.04 0.05 146
(i)(ii) (iii) 1231 2014 2015 % % 54,778 79.0 64,170 78.7 11,198 16.2 13,037 16.0 3,340 4.8 4,288 5.3 69,316 100.0 81,495 100.0 2015123181.5201412 3169.312.217.6% 201420159.4 1.8 Bridal Academy 1231 2014 2015 % % 32,340 59.0 30,754 47.9 5,617 10.3 9,032 14.1 1 310 0.6 1,609 2.5 Bridal Academy 7,354 13.4 6,110 9.5 8,323 15.2 8,828 13.8 2 834 1.5 7,837 12.2 54,778 100 64,170 100 147
(1) PDPGM (2) SMP 20142,9573952015 2,562201512312015 9.4(i)20142015 BTEC 3.4(ii)2015SMP 5.420151231 21,4002014123118,100 3,30018.2% (A) 20151231 13.020141231 11.21.816.1%20142015 20151231 4.3201412313.3 1.030.3% 148
201512 312.2201412311.2 1.083.3%(i)2015 0.5(ii)2015 0.4 2015123121.5201412 3118.62.915.6% 201420151.1 201420151231 4.15.1 20151231 5.1201412315.60.5 8.9%20142015 2015 2015 12318.520141231 7.11.419.7%2015 201431120154 2014201512311.21.6 0.420142015 149
[]201512312014 1231 [][][][]%[] [] []201620151231 [][]20161231 20161231 20161231 20161231 1231 2014 2015 14,596 15,861 424 2,565 3,269 2,218 3,188 2,743 1,055 1,104 88 180 799 957 61 78 984 994 24,464 26,700 150
2015123126.72014 123124.52.29.0% 1.320152014 16.5% 201420151231 11.614.516.7%17.8% (i)20142015btec 3.4 (ii)2015smp5.4 151
1231 2014 2015 2,613 1,639 288 1,116 1,161 4,017 2,800 4,793 6,782 9,000 462 41 2,072 1,351 58 18,951 25,825 26,278 43,057 4,851 4,418 8,332 6,183 2,195 7,713 2,000 1,296 1,689 18,674 19,733 7,604 23,324 11,621 26,124 78 78 11,543 26,046 11,621 26,124 152
2014 201512312.61.6 2015 201412310.3 201520151231 201420151231 1.11.220142015 1231 2014 2015 3,438 4,534 (371) (641) 3,067 3,893 1,195 1,116 457 1,643 74 130 4,793 6,782 201412313.1201512313.9 153
1231 2014 2015 30 1,468 1,850 3160 242 398 6190 223 408 90 1,134 1,237 3,067 3,893 201420151231 13.415.6 2015123151.0% 201420151231 1.21.120142015 2014201512310.4 1.620142015 [][] [][] 201512319.0 201420151231462,00041,000 2015 154
2014201512312.11.4 2015 1231 2014 2015 3,157 2,432 1,444 1,476 250 240 4,851 4,148 2014201512314.9 4.1 2014201512310.2 2014 201512318.36.22.1 (i)2016bridal Academy 20151231(ii)2015 2014201512312.27.7 201520151231 155
9.84.32015 2014201512312.02014 4.0201420152.0 1231 2014 2015 (1) 1.4 2.2 (2) 60.6% 45.4% (3) 13.4 15.6 1231 2014 2015 (4) 100.1% 55.5% (5) 38.4% 31.6% (1) (2) 100% (3) 365 (4) 100% (5) 100% 156
2014201512311.42.2 20152014201512316.9 2015123145.4%20141231 60.6% 201514.5 10302014 2015123113.415.6 2015123155.5%20141231 100.1%2014201514.5 20142015123138.4% 31.6%2015201420151231 6.9 157
1231 2014 2015 14,606 16,789 2,742 7,915 2,020 2,000 9,844 6,874 9,107 18,951 18,951 25,825 2014123114.6 (i)13.6(ii)2.7 1.4 2015123116.8 (i)18.1(ii) 5.5(i)2.2(ii) 2.1(iii)3.3 201412312.7 2.520151231 7.92015 19.0 10.0 158
201420151231 2.02.0 2015123126.12.8 23.3 1231 2014 2015 2016 131 4,793 6,782 7,018 9,000 9,000 462 41 129 2,072 1,351 2,157 58 48 18,951 25,825 24,634 26,278 43,057 42,986 4,851 4,148 3,372 8,332 6,183 6,555 2,195 7,713 8,097 2,000 1,296 1,689 1,836 18,674 19,733 19,860 7,604 23,324 23,126 159
2015123123.32014 12317.620152014 201512316.9 [] 12 20142015123120161312.2 7.78.1 201420151231 201420151231 160
201420151231 1231 2014 2015 7,069 5,504 3,700 1,631 10,769 7,135 2016131 2016131 201420151231(i) (ii)2.80.3 161
[] SLL201412314.0201512 31SLL20163420161231 152016531 162
(i)(ii) 5.0%10.0% 1231 2014 2015 10% (1,860) (1,553) (2,151) (1,796) 5% (930) (776) (1,075) (898) (5)% 930 776 1,075 898 (10)% 1,860 1,553 2,151 1,796 10% (559) (466) (508) (424) 5% (279) (233) (254) (212) (5)% 279 233 254 212 (10)% 559 466 508 424 10% (706) (590) (846) (707) 5% (353) (295) (423) (353) (5)% 353 295 423 353 (10)% 706 590 846 707 10% (1,460) (1,219) (1,586) (1,324) 5% (730) (609) (793) (662) (5)% 730 609 793 662 (10)% 1,460 1,219 1,586 1,324 20151231 34.6 2015123164.7% 53.4 163
6 164
20162120151231 Bridal Academy Bridal Academy 20165 1.0 Bridal Academy 20165 20162 JMA 2014201512 310.50.5 0.7%0.6% 5.9%5.3% JMA 165
7.31[]201512 31 20151231 20161231 20151231 20151231 17.1517.21 17.1517.21 166
[]Rosy LaneHKEII []% 30%Rosy LaneHKEII HKEII 17 HKEII HKEII(i)(ii)(iii) (iv) HKEII43% HKEII 617 HKEII ME 167
HKEII HKEII HKEIIHKEII HKEII HKEII 20 168
20121221HKEII2013618 HKEII2013618HKEII HKEII 50% HKEII HKEII 12(i) (ii) 169
(i)(ii)(iii)(iv) 20158HKEII HKEII HKEII 11.04 170
1. (i) (ii) (a) TOEICIELTS (b) (i) (ii)(iii) (c) 50% 2. 171
1. 2. 3. 4. (a) (b) 5.0% 172
(1) (2) (3) HKEII (4) (5) 6A.19 173
20 HKEII HKEIIRosy Lane HKEIIHKEII HKIPS HKIPS(i)50%(ii) 25%(iii) 25% HKIPS30%HKIPS 20 20 174
1. CVIHL20181231 CVIHL CVIHL 201420151231 CVIHL 634,0001,035,000 20 5% CVIHL 3,000,000 20.74 20 175
2. CVIHL20181231 CVIHL CVIHL 100,000 201420151231 CVIHL 200,0001,200,000 20 5% CVIHL 3,000,000 20.74 20 176
3. CVIHL 20181231 CVIHL CVIHL 190 201420151231 CVIHL 37,00060,000 20 5% CVIHL 3,000,000 20.74 20 177
1. ME HKEIIME [] (1) (2) ME 20181231 ME (i)(ii) 178
201420151231 8,399,000 7,031,000 2016201720181231 1231 2016 2017 2018 9,000,000 9,800,000 10,800,000 (i) (ii)20162016 2015 (iii)20172018 10% 20ME 25%10,000,000 ME20 179
2. HKIPS CVIHLHKIPSHKIPS [] (1) CVIHL (2) HKIPS HKIPS CVIHLHKIPS ) 20181231 HKIPS HKIPSCVIHL HKIPS (i)(ii) HKIPS 201420151231HKIPSCVIHL 1,967,000 3,077,000 180
2016201720181231HKIPS CVIHL 1231 2016 2017 2018 3,200,000 3,300,000 3,400,000 3%CVIHL 20HKIPS 25%10,000,000HKIPS 20 181
20 ME 20ME25% 10,000,000ME 20 HKIPS 20HKIPS25% 10,000,000HKIPS20 (i) ME20 (ii)hkips20 (i)me 20(ii) HKIPS20 (a) 20181231ME HKIPS (b) 20 MEHKIPS MEHKIPS 201812 31 20 182
MEHKIPS MEHKIPS 183
[] 1,000,000,000 0.01 10,000,000 10,000 100 [] [] [] [] [] [] [] [] 11.23(7) 25% [] 184
[][] (a) []20% (b) (a) (b) (c) A. 5.2016 [][] [] 10% 185
A. 6. (a) (c) (c) D. 186
[] 10% XV23 Rosy Lane [] []% 4,700 HKEII [] 1 []% 4,700 Billion Gains [] []% 1,893 [] 2 []% 1,893 [] []% 1,892 [] 3 []% 1,892 Rich Morgan [] []% 950 [] 4 []% 950 1. HKEIIRosy LaneHKEIIRosy Lane 2. Billion Gains Billion GainsBillion Gains 3. 4. Rich Morgan Rich MorganRich Morgan 187
34 20081113 201621 32 20091124 201621 Br idal Academy 51 201621 201621 71 [] 188
61 65 34201621 20144 8100 20058 201310 189
I Can Educate Limited I Can Educate Limited291AA201254 (a)i Can Educate Limited(b)I Can Educate Limited(c)I Can Educate Limited 32201621 Bridal Academy 62009 20087 Program Points Marketing Company Limited 20091127 291AA 1 National Discovery Limited 2015124 751 2 190
(1) 291AA(a) (b) (c) (2) 751291AA (a)(b) (c) 51201621 2020112201111 8250 201212HKEII1082 20136 HKEII 198711 20121123 291AA 1 191
20151224 751 2 (1) 291AA(a) (b) (c) (2) 751291AA (a)(b) (c) 7120 199081991820018 1989719916 199420007 2013920157 12462013520159 1315201510 8182 19691119719 192
2005429 291AA 1 2008411 291AA 1 (1) 291AA(a) (b) (c) 61 2002720159 388620109 36832000 1201112 2012420027 2008 193
201245 291AA 1 201437 291AA 1 (1) 291AA(a) (b) (c) 65 20049201512 103720109201510 2266 2015102000316200812 5 201279 194
199912200212 200111 200810 20111120132 20131 1975919948 19799 19844 20091127 291AA 1 2008111 291AA 1 2006324 291AA 1 195
2002621 291(6) 2 2006224 291AA 1 200228 291AA 1 200852 291AA 1 201072 291AA 1 196
Transcamp Limited 2003718 291(6) 2 (1) 291AA(a) (b) (c) (2) 291 17.50 (2) (i) (ii)c. XV (iii) 17.50(2)(iv) 197
42 2009 40 2009 35 2009 27 2016 42 200910 20 19961201412Letsgoal Pty Ltd 2007820092 19963Insearch Institute of Commerce 20077 402009 2007GET Wealth Management Limited 198
35 20093 820083 200810 20113 27 2011920151 2015120158 20158HKEII 201110 20153 (i) (ii)(iii) 199
20141231 3,600 4,439 17 8,056 600 17 617 4,200 4,439 34 8,673 20151231 3,600 4,913 18 8,531 600 641 18 1,259 4,200 5,554 36 9,790 200
3,600,000 600,000 120,000 120,000 120,000 201420151231 201420151231 1231 2014 2015 1,454 1,771 191 164 50 54 1,695 1,989 5.285.29 15C3.3C3.7 201
5.345.35 15B1.2 15A5.2 15 (i)(ii) (iii) (iv) (v)15 202
15 6A.19 6A.23 (a) (b) (c) [] (d) 17.11 18.03 203
20181231 (i)(ii) (iii)(iv) a 2016630 (b) (a) 20161231 (b) 2017630 20171231 2018630 204
[] 205
[][] [][][][] [] []%[] []%[] [][] 20181231 2016 630 2016 1231 2017 630 2017 1231 2018 630 2018 1231 % [] [] [] [] 206
[] 207
[] 208
[] 209
[] 210
[] 6A.07 [] 211
[ ] [] 212
[ ] [] 213
CCBA International Holdings Limited 201420151231 [] [] [] [][] 20162122 1961[ ] 1231 2014 2015 100% 100% 100% (1) 2008911 10,000 100% 100% 100% (1) 201076 10,000 I-1
1231 2014 2015 (1) 2012713 2 100% 100% 100% Seasoned Leader Limited (Seasoned Leader) (2) 201342 10,000 100% 100% 100% Stage at Bridal Limited (1) 20091124 10,000 100% 100% 100% (1) (2) 1231 20141231 20151231 Seasoned Leader Seasoned LeaderSeasoned Leader Seasoned Leader[] Seasoned Leader Seasoned Leader I-2
3.340 [] Seasoned Leader [] 20141231 20151231 (A) 1231 2014 2015 7 69,316 81,495 8 1,196 2,208 (18,596) (21,509) (5,586) (5,079) (7,061) (8,464) (1,162) (1,571) (2,283) (24,464) (26,700) 9 13,643 18,097 11 (2,010) (3,594) 11,633 14,503 13 0.04 0.05 I-3
1231 2014 2015 14 2,613 1,639 288 1,116 1,161 4,017 2,800 15 4,793 6,782 16 9,000 17 462 41 18 2,072 1,351 58 19 18,951 25,825 26,278 43,057 20 4,851 4,148 8,332 6,183 21 2,195 7,713 2,000 1,296 1,689 18,674 19,733 7,604 23,324 11,621 26,124 22 78 78 11,543 26,046 11,621 26,124 I-4
201411 78 3,910 3,988 11,633 11,633 12 (4,000) (4,000) 20141231 78 11,543 11,621 14,503 14,503 20151231 78 26,046 26,124 I-5
1231 2014 2015 13,643 18,097 (537) (1,083) 1,162 1,571 301 270 14,569 18,855 (562) 34 (963) (2,228) (860) 721 409 (703) 2,741 (2,149) 682 5,518 16,016 20,048 (1,410) (3,259) 14,606 16,789 (8,925) (19,000) (2,533) (309) (458) 421 (288) 8,925 10,000 537 973 (2,742) (7,915) (2,000) (2,000) (20) (2,020) (2,000) 9,844 6,874 9,107 18,951 18,951 25,825 I-6
1. [] 2. 201511 9 2 15 2 2012 2014 1 10 28 3 10 1 12 28 11 1 1 1 16 1 38 16 1 41 27 1 1 201611 2 201811 3 15 15 1518 11 15 I-7
15 15 15 15 15 3. 17 36 I-8
I-9
I-10
I-11
4. 3 I-12
20141231201512313,067,000 3,893,000371,000641,000 5. 6. 1231 2014 2015 2,311 2,277 24,722 40,334 5,352 10,145 I-13
1 % 20141231 3,157 3,157 3,157 2,195 2,195 2,195 5,352 5,352 5,352 20151231 2,432 2,432 2,432 7,713 7,713 7,713 10,145 10,145 10,145 7. Seasoned Leader I-14
1231 2014 2015 54,778 64,170 11,198 13,037 3,340 4,288 69,316 81,495 10% 1231 2014 2015 A 1 8,399 2 1 2 10% 8. 1231 2014 2015 537 1,083 659 1,125 1,196 2,208 9. 1231 2014 2015 10 8,673 9,790 9,531 11,259 392 460 18,596 21,509 88 180 301 270 I-15
10. (a) 201621 20141231 3,600 4,439 17 8,056 600 17 617 4,200 4,439 34 8,673 20151231 3,600 4,913 18 8,531 600 641 18 1,259 4,200 5,554 36 9,790 (b) 2014123120151231 1231 2014 2015 1,454 1,771 191 164 50 54 1,695 1,989 I-16
1231 2014 2015 1,000,000 3 3 11. 16.5% 1231 2014 2015 13,643 18,097 16.5% 2,251 2,986 (89) (2) 90 624 (202) (40) (14) 2,010 3,594 12. 1231 2014 2015 Seasoned Leader 4,000 I-17
13. [] 201411 1231 2014 2015 11,633 14,503 1231 2014 2015 294,000,000 294,000,000 14. 201411 1,091 1,237 2,328 1,981 944 2,925 20141231 3,072 2,181 5,253 418 179 597 (10) (88) (98) 20151231 3,480 2,272 5,752 201411 873 605 1,478 844 318 1,162 20141231 1,717 923 2,640 1,210 361 1,571 (10) (88) (98) 20151231 2,917 1,196 4,113 20141231 1,355 1,258 2,613 20151231 563 1,076 1,639 I-18
20% 15. 1231 2014 2015 3,438 4,534 (371) (641) 3,067 3,893 1,195 1,116 457 1,643 74 130 4,793 6,782 1030 1231 2014 2015 30 1,468 1,850 3160 242 398 6190 223 408 90 1,134 1,237 3,067 3,893 2014123120151231 2,853,0003,152,000 1231 2014 2015 030 1,254 1,350 3160 242 442 6190 223 358 90 1,134 1,002 2,853 3,152 I-19
1231 2014 2015 70 371 301 270 371 641 2014123120151231371,000641,000 16. 201751710 17. 18. 1231 2014 2015 a 967 408 GETb 886 854 HKIPSb 164 34 Cybercredit Education Limited Cybercreditc 55 55 2,072 1,351 (a) (b) GETHKIPS (c) Cybercredit I-20
1030 1231 2014 2015 30 1,462 581 3160 11 219 6190 544 118 90 55 433 2,072 1,351 2014123120151231638,000 781,000 1231 2014 2015 030 38 230 3160 545 124 6190 157 90 55 270 638 781 19. 20141231201512310.00%0.01%0.00% 0.01% I-21
20. 1231 2014 2015 a 3,157 2,432 a 1,444 1,476 b 250 240 4,851 4,148 (a) (b) 201411 212 38 20141231 250 (10) 20151231 240 21. 1231 2014 2015 2,195 7,108 605 2,195 7,713 22. 2014112014123120151231Seasoned Leader 23. 2014123120151231 I-22
24. 1231 2014 2015 7,069 5,504 3,700 1,631 10,769 7,135 25. 1231 2014 2015 15 26. 2014615% 1,500 20141120145311,250 27. 1231 2014 2015 8,399 7,031 37 60 HKIPS 1,967 3,077 GET 834 2,235 19 2,265 88 198 10 I-23
(B) 20151231 (a) 20162122 1961 Seasoned Leader Seasoned Leader 9,999 (b) 20163Seasoned Leader15,000,000 (c) [] 2016 (d) Seasoned LeaderSeasoned Leader 10,000 (C) 20151231 CCBA International Holdings Limited 2016 I-24
[] II-1
[] II-2
[] II-3
[] II-4
2016212219613 1. (a) 27(2) (b) 2. (a) (i) III-1
(ii) (iii) (iv) (v) III-2
(vi) (aa) III-3
(bb) (cc) (dd) (ee) (vii) III-4
(viii) III-5
(aa) (bb) (cc) (6) (dd) (ee) (ff) III-6
(ix) (x) (xi) (60) (b) (c) (i) (ii) III-7
(iii) (iv) (v) (d) (e) 2(i) III-8
(15) (f) III-9
(g) (15) (18) (h) 2009 (21) III-10
(i) (21) (14) (i) (ii) (95%) (aa) (bb) (cc) (dd) (ee) (ff) (20%) (gg) III-11
(j) (30) III-12
(k) (l) (m) (i) (ii) (a) (b) III-13
(n) III-14
(o) (20) (14) (20) (p) (2)2.50 1.00 III-15
(q) (r) 3(f) (s) (i) (ii) III-16
(t) (i) 12(ii)12 (iii) (3) (u) III-17
3. (a) (b) (a)(b) (c)37(d)(e) III-18
(c) (d) III-19
(e) 34 34 2(m) (f) (a)(b) (c) (a)(b) III-20
(c) (d) (g) (h) (i) (ii)(iii) (i) (j) 20116 (1) III-21
(2) 201638 2010 (k) (l) (m) III-22
(n) (28) III-23
(21) (o) (75%) (p) (4) (90%)(4) (2) (1) (q) 4. Conyers Dill & Pearman III-24
A. 1. 201621 482 1605-6201631016 2. (a) 201621100,000 10,000,000201621Rosy Lane 9,999 10,000 20162016 100,00010,000,0000.0110,000,000 1,000,000,0000.01 [][]10,000,000 1,000,000,000[][ ] IV-1
(b) 3. 4. 5. 2016 2016 (a) (b) 990,000,000100,000 10,000,000 (c) [] [] 30 (i) [][][] (ii) IV-2
(iii) [] [][ ]2016 (iv) [] (aa)[]20% (bb)(v) (v) []10% (vi) (iv) (v) IV-3
6. (a) 2016 [] 10% (b) (c) IV-4
(d) (e) 26 B. 7. (a) Rosy LaneSunny Profit IV-5
SLL 9,999 (b) 2016 12. (c) [] 8. (a) Bridal Academy 1 302237148 412 2012427 2022426 CVIHL 303403854 412 2015511 2025510 SBL 303403863 412 2015511 2025510 1. Bridal AcademySBL 2. IV-6
(b) compass.edu.hk hotel.edu.hk bridal-academy.com b-a.hk ccba-ih.com C. 9. (a) Billion GainsRich Morgan (b) (i) 2016 IV-7
3,600,000 600,000 (ii) 120,000 (c) (i) 20151231 9,790,138 (ii) 20161231 4,380,000 IV-8
(iii) 20151231 (i) (ii) (iv) 20151231 (d) [] [] XV XV78 352 5.46 5.67 []1 []% []2 []% 1. Billion Gains Billion GainsBillion Gains 2. Rich Morgan Rich MorganRich Morgan IV-9
10. [][] XV23 10% Rosy Lane [] []% HKEII [] []% 1 Billion Gains [] []% 2 [] []% [] []% 3 Rich Morgan [] 4 []% 1. HKEIIRosy LaneHKEIIRosy Lane 2. Billion Gains 3. 4. Rich Morgan IV-10
11. (a) [] XV 23 10% (b) XV XV78 352 5.465.67 (c) 18. [] (d) 18. (e) []18. (i) (ii) IV-11
D. (a) 2016 (i) (ii) (a)(ii) (aa) (bb) (cc) (dd) (ee) (ff) IV-12
(gg) (hh) (iii) (aa) 30% (bb) 10% [] (cc) (aa)(dd) 10% IV-13
23.02(2)(d)23.02(4) (dd) (aa)(cc) (cc) 23.02(2)(d) 23.02(4) (iv) (v)12 1% 12 23.03(9)(1) (v) (aa) (bb) IV-14
(bb) 12 (i) 0.1% (ii) 5 (vi) 21 10 (vii) IV-15
(viii) (xix) (i) (ii) (iii) 1 (ix) (aa) (bb) (x) (aa) (bb) IV-16
(xi) 10 (xii) (xiv) (xvi)(xvii) (xiii) 12 (xvi)(xvii) (xiv) IV-17
(xv) (aa)(1) (2) (3) (bb) (xv)(aa)(1)(3) (xvi) (xvii) IV-18
(xviii) (i) (xii)(xiii)(xiv)(xv) (xii)(xiii)(xiv)(xv) (ii) (xix) (i) (ii) (iii) (iv) (xx) (xxii)23 IV-19
(iii)(cc)(dd) (xxi) (xxii) (xxiii) (aa) (bb)(xii)(xiii)(xiv)(xv)(xvi)(xvii) (xviii)(cc)(xxii) (xxiv) (aa) (bb) 23.03 IV-20
(cc) (ee) (dd) 23 (ee) (b) (i) (ii) (iii) IV-21
E. 12. 7(b) [] 11135 [] (a) 20151231 (b) 201611 (i) 20151231 (ii) 20151231 IV-22
(c) [] (d) 20151231 13. 14. 43,000 15. (a) (b) [] IV-23
16. [][] [] [] [][] 17. 4.5 6A.07 18. 6 Candy S.M. Tang Conyers Dill & Pearman IV-24
19. Conyers Dill & Pearman 18. 20. 44A44B 21. [] 0.2% IV-25
22. 20151231 23. (i) (aa) (bb) (cc) (ii) (iii) (iv) 12 (v) (vi) 24. 32L 4 IV-26
1. (a) (b) E. 19. B. 7. 2. 14 99727208-10 (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) SLL20151231 Conyers Dill & Pearman Candy S.M Tang B. 7. E. 19. C. 9(b) V-1