: 292 2014

1 2 3 4 5 6 13 14 15 24 27 38 40 41 42 43 44 45 46

2 Canon s Court, 22 Victoria Street, Hamilton HM12, Bermuda 33 30 2866 3336 2866 3772 www.asiastandardhotelgroup.com info@asia-standard.com.hk 95 18 Appleby 1 2206 19 22 MUFG Fund Services (Bermuda) Limited 26 Burnaby Street, Hamilton HM 11, Bermuda 183 17 1712 1716

3 651 647 +1% (83) (85) 2% (15) (13) +15% 132 218 39% 349 424 18% 0.23 0.27 15% 5,137 4,718 +9% 3,204 2,896 +11% 1,681 1,551 +8% 11,799 10,998 +7% 9,828 9,152 +7% 6.34 5.90 +7% 17% 17% Grant Thornton Management Consultants

4 349,000,000 424,000,000 23 27 7% 9,828,000,0006.34 17% % 100 10,000 80 8,000 60 6,000 40 4,000 20 2,000 0 2011 2012 2013 2014 0

5 (i) (ii) (iii)

13% 19%

8 651,000,0001% 18% 349,000,000 5,6002,60015% 9% 3,000 70,0005% 95%4% 800 600 5% 20% 75% 400 200 0 2011 2012 2013 2014

2015 2018 9 2016 2017 65,000184 13% 19%

10 32,000,000 36,000,000 7.7% 61% 87% 39% 94% (13%) (60%)(14%)(8%) (5%)

129,000,000 109,000,000 132,000,000 218,000,000 11 301,000,000 60,000,000 5,137,000,000 4,718,000,000 9,001,000,0003% 11,799,000,000 10,998,000,000 3,204,000,000 2,896,000,000 9,828,000,000 9,152,000,000 1,681,000,000 1,551,000,000 83% 1,482,000,000 17% 312,000,000 12,000 10,000 8,000 6,000 21% 63% 4,000 11% 5% 2,000 0 2011 2012 2013 2014

12 8% 12% 79% 1,843,000,000 1,470,000,000 17% 17% 2,903,000,000 2,944,000,000 387 419

13 651 647 651 511 417 470 474 499 366 292 (83) (85) (90) (89) (89) 132 218 (567) 223 400 (15) (13) (52) (33) 349 424 (311) 326 435 5,137 4,718 4,160 4,723 3,962 (1,933) (1,822) (1,721) (1,927) (1,598) 3,204 2,896 2,439 2,796 2,364 11,799 10,998 9,793 8,932 6,533 9,828 9,152 8,045 6,976 4,913

14 01 33 100% 10,600 184,000 363 02 62 100% 11,400 220,000 343 03 8 100% 6,200 108,000 280 04 Empire Landmark 1400 Robson Street, Vancouver B. C., Canada 100% 41,000 410,000 358 05 8A B 100% 2,000 31,000 94 06 10-12 100% 2,800 34,000 90

15

16 3/4 1/1 4/4 1/1 4/4 1/1 4/4 1/1 4/4 1/1 3/4 1/1 3/4 0/1 4/4 1/1

17

18 (1) A.4.1 (2) A.5.1 38 3,517,000 3,406,000 774,000 964,000

(I) 19 i. (1/20) ii. (100) (1,000) Canon s Court, 22 Victoria Street, Hamilton HM12, Bermuda 33 30 (i) (6) (6) (ii)(1) (II) (1/10) Canon s Court, 22 Victoria Street, Hamilton HM12, Bermuda 33 30

20 (21) (1/2) (3) i. (21)(10) ii. (14)(10) 95% B B B B A B B A B C B

A 21 B C http://www.asiastandardhotelgroup.com info@asia-standard.com.hk

22 2,800,000 OLE 2 x OLE 100 15

23

24 59 69 29 65 50(Illinois)

25 46 51 University of Lancaster Manchester Metropolitan University 62 University of Strathclyde

26 62 64 Empire LandmarkVancouver Hotel Association 68 5730 55

27 32 5 40 1.75 127,122,000 15,498,000 13 15 23 24 2,800,000 3,695,000

28 24 26 33 34

29 (a)xv78 (b) 352 (c) (I) (a) (%) 50,050 1,132,669,492 1,132,719,542 73.08 (b) (%) 1 234,145,614 4,995,066 136,375,288 375,515,968 49.87 2 1,223,452 638,938,336 640,161,788 51.01 14,500,440 14,500,440 1.92 9 9 0.01 (1) 49.87% (2)

30 (II) (a) 1.296 8,000,000 1.300 8,000,000 1.300 8,000,000 (b) 2,126,301 2,126,301 3,469,228 (1) 1.4315 (2)

(II) (c) 31 515,544 2,062,176 2,062,176 (1) 3.15 (2) (a)xv 78 (b)352 (c)

32 336 5% (%) 367,962,684 23.74 716,979,512 46.26 1 1,085,950,639 70.06 Asia Orient Holdings (BVI) Limited 2 1,132,669,492 73.08 3 1,132,669,492 73.08 4 108,658,340 7.01 Secure Way Technology LimitedSecure Way 4 108,658,340 7.01 4 108,658,340 7.01 4 108,658,340 7.01 4 108,658,340 7.01 Tenshine LimitedTenshine 4 102,670,000 6.62 (1) (2) Asia Orient Holdings (BVI) Limited

(3) Asia Orient Holdings (BVI) LimitedAsia Orient Holdings (BVI) Limited 33 (4) Tenshine 102,670,000 108,658,340 Tenshine 102,670,000 5,988,340 51.28% 108,658,340 62.17% 108,658,340 Secure Way50.75% Secure Way108,658,340 100%Secure Way Secure Way108,658,340 336 125,088,061 8.07% 30% 1% 21 1 (i)(ii) (iii)

34 1.296 1.300 8,000,000 16,000,000 1.300 16,000,000 1.300 23,000,000 1.296 8,000,000 1.300 7,999,999 78,999,999

35 48.63% 72.95% 11.14% 28.09% (a) 59 65 16 216,800 245,0002,970,000 1,365,134 244,735 Tilpifa Company LimitedTilpifa (b) TilpifaTilpifa 33 12 171,500 1,400,0002,500,0001,100,000 Tilpifa 1,287,476

36 5,000,0005,250,000 4,080,000 3,780,000 Tilpifa 70.06% Tilpifa 14A.37(a) (b) (c) 14A.38 3000 740

37 25%

38 40 104 90

39

40 5 651,433 646,691 (181,436) (172,279) 469,997 474,412 (130,087) (144,326) (83,444) (84,694) 6 132,201 217,536 388,667 462,928 10 (15,419) (12,646) 373,248 450,282 11 (24,283) (26,505) 12 348,965 423,777 13 27,122 15,498 14 0.23 0.27 14 0.23 0.27

41 348,965 423,777 (9,686) 36,402 395 (535) (15,853) (3,528) (25,539) 32,734 323,426 456,511

42 15 3,074,108 3,023,706 17 218,492 223,923 26 1,554 3,294,154 3,247,629 1,569 2,218 20 136,122 141,883 56 636 18 1,591,872 1,189,406 21 113,015 136,071 1,842,634 1,470,214 22 75,055 63,981 19 338 25 617,963 332,826 18,697 24,573 711,715 421,718 1,130,919 1,048,496 4,425,073 4,296,125 25 1,175,635 1,354,629 26 45,643 45,629 1,221,278 1,400,258 3,203,795 2,895,867 23 30,997 30,997 24 3,172,798 2,864,870 3,203,795 2,895,867

43 16 16 3,027,242 2,876,234 293 294 21 724 704 3,028,259 2,877,232 980 1,119 25 10,000 162 11,142 1,119 3,017,117 2,876,113 3,017,117 2,876,113 23 30,997 30,997 24 2,986,120 2,845,116 3,017,117 2,876,113

44 31(A) 77,189 549,094 (31,100) (24,408) (33,275) (28,849) 2,819 1,860 15,633 497,697 5,547 (141,278) (218,107) 31(C) (288,401) 6,318 365 (134,960) (500,596) (119,327) (2,899) 7,600 388,555 (72,111) (62,873) 174,637 (320,706) (15,498) 94,628 4,976 (24,699) 2,077 136,071 133,710 1,643 284 113,015 136,071 21 113,015 136,071

45 30,997 2,408,164 195 2,439,356 36,402 36,402 395 395 (535) (535) (3,528) (3,528) 423,777 423,777 32,734 423,777 456,511 30,997 2,440,898 423,972 2,895,867 (9,686) (9,686) (15,853) (15,853) 348,965 348,965 (25,539) 348,965 323,426 (15,498) (15,498) (15,498) (15,498) 30,997 2,415,359 757,439 3,203,795

46 1 33 30 2 (A) 4 (B) 1 10 12 13

2 47 (B) 9 9

48 2 (C) 8 845,942 (199,251) 646,691 (371,530) 199,251 (172,279) 474,412 474,412

2 49 (D)

50 2 (E) (F) (G) (i) 12

2 51 (G) (ii) 12 (iii) 12

52 2 (G) 2(K)

2 53 (H) 50 25 310 2(I)

54 2 (I) (J) (K)

2 55 (L) (M) (N) 2(U) 12 (O) (i) (ii)

56 2 (O) (iii) 2 2 (P)

2 57 (P) (Q) (R) (S)

58 2 (T) (i) (ii) (iii) (a) (b) (c)

2 59 (T) (iii) (U) (V) (W) (X) (Y)

60 2 (Z) (AA) 4 3 (I) (a) (i)

3 61 (I) (a) (i) 7 932,311,000 770,827,000 5% +5% 5% +5% 5% 244,633 12,230 (12,230) 262,165 13,106 (13,106) 146,479 7,320 (7,320) 74,292 3,714 (3,714) 96,231 4,783 (4,783) 94,939 4,741 (4,741) (51,071) (2,132) 2,132 (55,962) (2,336) 2,336

62 3 (I) (a) (ii) 10% +10% 10% +10% 10% +10% 10% +10% 10% 154,879 (154,879) 116,015 (116,015) 21,849 (21,849) 22,392 (22,392) (iii) 10 1,421,000 1,250,000

3 63 (I) (b) 18 19 20 (c) 113,000,000 758,000,000132,000,000 420,000,000

64 3 (I) (c) 75,055 75,055 980 980 431,531 212,344 1,233,761 1,877,636 10,000 10,000 431,531 287,399 1,233,761 1,952,691 10,000 980 10,980 63,981 63,981 1,119 1,119 277,180 83,098 942,233 493,817 1,796,328 277,180 147,079 942,233 493,817 1,860,309 1,119 1,119 312 312 277,180 147,391 942,233 493,817 1,860,621 1,119 1,119

3 65 (I) (c) 11,379 40,243 51,622 12,694 47,773 8,451 68,918 (II) 15(a)

66 3 (II) 25 1,793,598 1,687,455 21 (113,015) (136,071) 1,680,583 1,551,384 9,828,000 9,152,000 17% 17% (III)

3 67 (III) 1,591,872 1,591,872 218,492 218,492 1,810,364 1,810,364 1,189,406 1,189,406 223,923 223,923 1,413,329 1,413,329 338 338 (i)

68 3 (III) (ii) 4 (A) 26

4 69 (B) (C) 39 (D) 5 (1) (2) (3)(4)

70 5 485,422 244,567 373,083 4,579 1,107,651 485,422 32,194 129,238 4,579 651,433 242,265 (385) 129,344 (6,892) 364,332 (82,826) (303) (315) (83,444) 132,201 132,201 159,439 (688) 261,545 (7,207) 413,089 (24,422) 388,667 (15,419) 373,248 (24,283) 348,965

5 71 484,292 235,200 818,534 17,717 1,555,743 484,292 35,949 108,733 17,717 646,691 252,807 109 108,733 (731) 360,918 (84,314) (249) (131) (84,694) 217,536 217,536 168,493 (140) 326,269 (862) 493,760 (30,832) 462,928 (12,646) 450,282 (26,505) 423,777

72 5 (a) 413,304 408,565 52,968 55,756 4,257 4,982 14,893 14,989 485,422 484,292 (b) (c)

5 73 3,114,207 22,969 1,851,613 33,374 5,022,163 114,625 5,136,788 1,410,553 383,045 1,793,598 139,395 1,932,993 * 153,752 512 2,158 156,422 3,057,469 18,387 1,471,212 34,068 4,581,136 136,707 4,717,843 1,474,202 213,253 1,687,455 134,521 1,821,976 * 615,284 909 38 616,231 *

74 5 481,117 467,156 170,316 179,535 651,433 646,691 * 2,883,671 2,798,834 190,437 224,872 3,074,108 3,023,706 *

6 75 87,302 147,278 28,549 (14,496) 16,350 83,488 1,661 (395) 132,201 217,536 243,845 709,801 (205,606) (627,903) 38,239 81,898 (21,889) 1,590 16,350 83,488

76 7 14,893 14,989 117,305 96,438 1,750 1,796 540 594 11,233 12,283 1,249 3,517 3,406 21,056 23,646 8 133,635 141,796 323 5,532 7,869 8 128,703 137,082 (a) 4,932 4,714 133,635 141,796

8 77 (a) 4,524 4,631 408 83 4,932 4,714 5% 5% 5% 4.95% 4.95%

78 8 (b) 1 1.296 8,000,000 8,000,000 16,000,000 1.300 16,000,000 46,999,999 62,999,999 78,999,999

9 79 (a) 3,855 4,400 8,255 2,423 60 2,483 600 2,500 15 3,115 1,200 15 1,215 8,078 6,900 90 15,068 120 120 100 100 100 100 320 320 320 8,078 6,900 90 15,388

80 9 (a) 3,775 4,400 8,175 2,108 2,500 60 4,668 340 4,000 10 4,350 217 9 226 1,200 250 15 1,465 7,640 11,150 94 18,884 120 120 100 100 100 100 320 320 320 7,640 11,150 94 19,204

9 81 (b) 1,403 1,604 2,500 3,007 2,500 1,000,0012,000,000 2 2,000,0013,000,000 1 (c) 01,000,000 3 3 1,000,0012,000,000 2 1 2,000,0013,000,000 1 10 (29,085) (22,271) (3,637) (6,953) 15,144 4,034 (17,578) (25,190) (3,013) (3,220) 4,834 12,700 338 3,064 (15,419) (12,646)

82 10 1.433.16 2.853.16 11 (26,182) (27,613) 377 (25,805) (27,613) 1,522 1,108 (24,283) (26,505) 16.5% 16.5% 373,248 450,282 16.5% 16.5% (61,586) (74,296) 377 3,291 3,693 41,239 53,012 (4,771) (5,413) (4,223) (3,588) 377 428 1,013 (341) (24,283) (26,505)

12 83 156,502,000 120,004,000 13 1.75 1 27,122 15,498 27,122 15,498 1.75 27,122,0001,549,842,336 14 348,965,000 423,777,000 1,549,842,336 1,549,842,336

84 15 3,147,977 450,892 3,598,869 (7,532) (1,600) (9,132) 31(B) 394,090 394,090 201,910 20,231 222,141 (1,119) (1,119) 3,736,445 468,404 4,204,849 757,389 344,811 1,102,200 (3,903) (1,417) (5,320) 58,210 26,484 84,694 (431) (431) 811,696 369,447 1,181,143 2,924,749 98,957 3,023,706 3,736,445 468,404 4,204,849 (36,866) (8,061) (44,927) 51,377 105,045 156,422 (3,848) (22,588) (26,436) 3,747,108 542,800 4,289,908 811,696 369,447 1,181,143 (20,136) (7,284) (27,420) 57,437 26,007 83,444 (239) (21,128) (21,367) 848,758 367,042 1,215,800 2,898,350 175,758 3,074,108

15 85 (a) 2,898,350 2,921,240 87,535 96,816 2,985,885 3,018,056 16 17 9,000,577,000 8,702,579,000 13 (b) 2,902,616,000 2,944,068,000 (c) 647,377,000 596,000,000 394,090,000 51,377,000 201,910,000

86 15 (d) 1,493,081 1,500,708 1,224,233 1,211,971 181,036 212,070 2,898,350 2,924,749 16 3,027,242 2,876,234 3,027,242 2,876,234 32 17 218,492 223,923 395,000 6

18 87 221,674 206,178 244,452 202,388 19,721 485,847 408,566 719,022 473,446 145,628 130,085 241,375 177,309 1,106,025 780,840 1,591,872 1,189,406 (a) 213.875 213.875 1,228,498,000 929,018,000 (b) 301,305,000 60,165,000 (c) 1,091,036 764,424 244,452 258,630 145,628 73,842 91,035 92,510 19,721 1,591,872 1,189,406

88 19 338 100,000,000 20 27,724 54,469 10,812 10,621 38,536 65,090 25,000 25,000 41,250 32,282 9,133 9,487 11,958 6,245 10,245 3,779 136,122 141,883 0 60 33,498 63,637 61 120 1,083 1,453 121 180 3,955 38,536 65,090

20 89 60 0 60 6,154 10,621 61 120 3,027 121 180 1,631 10,812 10,621 91,402 79,456 35,034 48,666 7,572 8,013 3,324 2,114 2,424 136,122 141,883 2 2

90 21 75,997 89,423 724 704 37,018 46,648 113,015 136,071 724 704 88,195 77,702 724 704 2,461 50,999 3,484 5,053 18,176 1,989 699 328 113,015 136,071 724 704 22 15,744 23,312 47,568 32,080 7,438 3,596 4,305 4,993 75,055 63,981

22 91 0 60 15,119 23,059 61 120 243 119 121 180 226 73 180 156 61 15,744 23,312 64,893 52,482 10,104 11,288 58 211 75,055 63,981

92 23 0.02 35,000,000,000 700,000 1,549,842,336 1,549,842,336 30,997 30,997

24 93 1,112,713 1,134,752 64,739 70,680 25,280 195 2,408,359 36,402 36,402 395 395 (535) (535) 423,777 423,777 (3,528) (3,528) 1,112,713 1,134,752 101,001 67,152 25,280 423,972 2,864,870 15,498 15,498 1,112,713 1,134,752 101,001 67,152 25,280 408,474 2,849,372 1,112,713 1,134,752 101,001 67,152 25,280 423,972 2,864,870 1,112,713 1,134,752 101,001 67,152 25,280 423,972 2,864,870 (9,686) (9,686) 348,965 348,965 (15,498) (15,498) (15,853) (15,853) 1,112,713 1,134,752 91,315 51,299 25,280 757,439 3,172,798 27,122 27,122 1,112,713 1,134,752 91,315 51,299 25,280 730,317 3,145,676 1,112,713 1,134,752 91,315 51,299 25,280 757,439 3,172,798

94 24 1,112,713 1,323,648 25,280 263,471 2,725,112 120,004 120,004 1,112,713 1,323,648 25,280 383,475 2,845,116 15,498 15,498 1,112,713 1,323,648 25,280 367,977 2,829,618 1,112,713 1,323,648 25,280 383,475 2,845,116 1,112,713 1,323,648 25,280 383,475 2,845,116 156,502 156,502 (15,498) (15,498) 1,112,713 1,323,648 25,280 524,479 2,986,120 27,122 27,122 1,112,713 1,323,648 25,280 497,357 2,958,998 1,112,713 1,323,648 25,280 524,479 2,986,120

25 95 363,045 213,253 20,000 10,000 383,045 213,253 10,000 196,639 66,764 38,279 52,809 617,963 332,826 10,000 1,175,635 1,354,629 1,793,598 1,687,455 10,000 196,639 66,764 79,730 196,844 1,134,184 713,141 497,453 1,410,553 1,474,202 (196,639) (66,764) 1,213,914 1,407,438

96 25 1,482,066 1,523,275 10,000 211,935 44,250 48,487 63,927 51,110 56,003 1,793,598 1,687,455 10,000 0.613.16 0.583.16 420,000,000 26 1,554 (45,643) (45,629) (44,089) (45,629)

26 97 3,959 3,959 11 7 18 (11) 1,545 185 (3,959) 1,719 (3,959) 1,545 192 1,737 (44,526) (43,098) (1,103) (7,598) (45,629) (50,696) (1,300) (1,428) 1,103 6,495 (197) 5,067 (45,826) (44,526) (1,103) (45,826) (45,629) 94,000,000 95,000,00017,000,000 17,000,000 79,000,000 76,000,000

98 27 (A) 2 5 9,690 13,290 8,583 15,289 18,273 28,579 (B) 1,974 6,368 2,744 8,585 793 4,718 15,746

28 99 42,346 14,283 306,448 389,016 348,794 403,299 29 1,576,826 1,646,135 1,797 8,220 1,578,623 1,654,355 30 73.08%26.92%

100 30 (A) (a) 331 696 (a) 6 (a) 83 331 (a) 423 (b) (2,925) (2,682) (c) (406) (363) (d) (4,080) (3,780) (a) (b) (c) (d) (e) 9

30 101 (B) 320 320 20,174 24,552 173 167 20,667 25,039 31 (A) 373,248 450,282 83,444 84,694 (2,290) (2,390) 13,607 15,729 (1,249) 323 (132,201) (217,536) (338) (3,064) 334,221 328,038 649 123 959 (39,785) (270,266) 261,418 11,626 (700) 77,189 549,094

102 31 (B) 394,090 752 94 (402) (9) (106,030) 288,495 (C) 288,495 (94) 288,401

32 103 2 2 2,500,000 10,000 1 2 10 1 2 Asia Standard Hotel (BVI) Limited * 1 Concept Eagle Limited 1 Enrich Enterprises Ltd. # 1 Global Gateway Corp. # 1 Glory Ventures Enterprises Inc. # 1 Greatime Limited 1 Onrich Enterprises Limited 1 Topshine Investment Holdings Limited 1 # *

104 33 34

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