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Transcription:

2011/12 : 16

2 1 2 1 3 3

1

2 * * * *

183 17 1712 1716 30 45 (852) 2827 8111 (852) 2827 2862 www.shkp.com shkp@shkp.com UFJ 16 16 HK Equity 0016.HK SUHJY 86676H302 (852) 3766 5787 (852) 2116 0597 ir@shkp.com 1 2 1. 2. (i) (ii) (iii) 183 17Mshkp@computershare.com.hk 3

2012 2011 (%) 68,400 62,553 +9.3 43,080 48,097-10.4 1 21,678 21,479 +0.9 2 14,444 12,609 +14.6 2 11,069 9,511 +16.4 % 16.4 17.1-0.7 3 % 40.0 40.1-0.1 3 16.63 18.71-11.1 8.37 8.36 +0.1 0.95 0.95 2.40 2.40 3.35 3.35 132.49 119.44 +10.9 4 18.1 16.5 +9.7 5 28.5 27.7 +2.9 46.6 44.2 +5.4 74.4 78.6-5.3 5 9.4 7.5 +25.3 83.8 86.1-2.7 1. 2. 3. 4. 5. 4

# 12 5

1 2012 2011 2010 2009 2008 16.63 18.71 11.71 3.89 11.61 8.37 8.36 5.41 4.84 4.80 3.35 3.35 2.70 2.50 2.50 132.49 119.44 102.42 92.98 91.95 % 16.4 17.1 14.1 14.2 14.2 3 13.0 16.9 15.9 13.7 7.6 1 2012 2011 2010 2009 2008 68,400 62,553 33,211 34,234 24,471 24,988 21,366 13,842 13,983 10,728 44,470 46,436 30,311 11,329 22,934 43,080 48,097 30,039 9,984 29,475 4 21,678 21,479 13,883 12,415 12,186 1 2012 2011 2010 2009 2008 2 252,458 230,759 200,826 180,205 175,610 49,515 41,935 35,826 31,775 34,100 4,109 3,637 3,900 3,418 5,259 2 4,699 5,049 4,357 4,647 4,971 114,862 93,017 65,170 68,615 64,888 (74,684) (62,202) (42,054) (45,595) (44,234) 350,959 312,195 268,025 243,065 240,594 1,308 1,285 1,285 1,282 1,282 345,251 305,680 261,936 237,117 234,490 346,559 306,965 263,221 238,399 235,772 4,400 5,230 4,804 4,666 4,822 350,959 312,195 268,025 243,065 240,594 1. 12 2. 12 3. 4. 6

7

8

i UniQ 2,609,000 55A 100 1,394,000 66A 100 793,000 66C1 100 258,000 56 84 92 144,000 5,198,000 9

i UniQ 10

100 1,541,000 10 100 889,000 1 100 621,000 18 100 222,000 1 201,000 Shouson Peak 9 19 100 91,000 Twelve Peaks 12 100 43,000 50 48 50 100 37,000 3,645,000 11

12 A B W 100

13 WTC More APM APM Mikiki V City V City YOHO Mall 100 Mikiki

Signature Homes APM 999 100 1,307,000 40 807,000 B 91 770,000 8 100 593,000 3,477,000 14

15

APM APM APM W 16

17 A1 A+ 4G

FinanceAsia Asiamoney Euromoney 18

19

G 20

Twelve Peaks 50 21

22 APM V City YOHO Mall APM

23

24

25

70 1 2 5 80 3 6 4 7 1. (1972) 2. (1974) 3. (1982) 4. (1984) 5. (1991) 6. (1986) 7. (1985) 26

90 10 13 15 2000 16 8 11 9 12 14 8. (1992) 9. (1998) 10. (1998) 11. (2002) 12. (2003) 13. (2010) 14. (2006) 15. (2009) 16. (2011) 27

28

13.6 0.1 0.9 14.6 1.4 10.3 11.7 0.8 0.3 10.1 11.2 3.5 3.5 (1) 1.0 0.9 3.7 5.6 15.4 2.7 28.5 46.6 0.4 0.2 6.3 6.9 3.6 1.5 10.8 15.9 11.4 1.0 11.4 23.8 15.4 2.7 28.5 46.6 (1) 29

30

31

YOHO II i UniQ 32

1092099 100% 1071927 100% 1092099 1071927 33

34 II 66B 100% 66A 100% 66C1 100% 66A66C1 66B PopCorn 66A66B 66B II

35 V City V City 507 100% YOHOYOHO YOHO Mall

11175 100% 36

37 55A 100% 9027 100% B 51 100% B A B

2012/13 1092099 100 29 215 B 100 20-24 100 49 100 2013/14 66B II 100 202 100 305 i UniQ 92 157 i UniQ 92 1165371 100 399495 100 67 100 173 64.3 2014/15 507 100 1071927 100 11175 100 50 100 2015/16 55A 100 66A 100 9027 100 66C1 100 56-84 92 1071927 100 507 100 50 8963 100 195 100 240 50 174 64.3 2015/16 38

728,000 269,000 997,000 856,000 24,000 880,000 88,000 18,000 106,000 26,000 483,000 509,000 207,000 207,000 120,000 120,000 1,672,000 337,000 810,000 2,819,000 662,000 66,000 728,000 136,000 4,000 140,000 47,000 9,000 56,000 39,000 14,000 53,000 558,000 558,000 233,000 233,000 78,000 78,000 11,000 11,000 199,000 199,000 1,764,000 93,000 199,000 2,056,000 i UniQ 814,000 471,000 1,285,000 813,000 75,000 888,000 869,000 869,000 120,000 120,000 2,496,000 546,000 120,000 3,162,000 2,311,000 298,000 2,609,000 1,367,000 27,000 1,394,000 721,000 72,000 793,000 578,000 123,000 701,000 234,000 24,000 258,000 108,000 36,000 144,000 1,445,000 1,445,000 1,034,000 1,034,000 227,000 227,000 181,000 181,000 45,000 45,000 575,000 575,000 303,000 303,000 8,251,000 580,000 878,000 9,709,000 39

1 1071927 2 3 507 4 5 55A 6 202 7 8 9 66A/66B/66C1 10 56-84 11 9027 12 i UniQ 13 i UniQ 14 15 1165371 16 67 17 399495 18 195 19 11175 5 20 8963 21 B 22 23 173 24 49 25 50 26 174 27 240 40

14 6 1 15 3 2 4 17 16 21 7 18 19 8 22 26 27 23 24 9 11 10 12 13 20 25 41

42

43

44

ION Orchard W 100 A 45

1 100 1,650,000 2 100 725,000 3 100 600,000 4 APM 100 598,000 5 100 589,000 6 100 415,000 7 50 320,000 8 WTC More 100 280,000 9 100 205,000 10 100 182,000 APM 5,564,000 WTC More 46

APM APM APM Mikiki Mikiki HomeSquare Mikiki 47

Signature Homes PopCorn WTC More 48

V City V City V City V City V City YOHO Mall YOHO Mall 49

1 2047 50 8 2047 50 / 8 2047 50 30 2127 100 18 2047 50 /WTC More 280 2842 100 2 3 23 2886 100 MEGA iadvantage 399 2112 74.04 2 3 38 2047 100 2126 100 4 18 2884 100 /100 1 2047 100 /W/ 1 2047 100 (1) 388 2047 100 378 2047 50 /APM 418 2047 100 392 2047 100 193 2047 100 193 2047 100 69 2127 100 3 2047 50 49 2047 100 Mikiki 638 2054 100 28 2047 100 538 2047 100 82 84 2099 100 34 2047 100 26 26 2039 100 21 2047 100 18 2047 100 2 8 2047 100 10 18 2047 100 /HomeSquare 138 2047 100 8 2047 100 223 2047 100 // (2) 3 2057 100 PopCorn 9 2057 50 9 2047 100 5 21 2047 100 A 51 2047 100 39 2047 100 8 2047 100 8 2047 100 353 2047 100 8 2047 87.5 9 2047 57.52/25 / 20 /51 2047 20 1 17 2047 100 249 251 2047 100 2 2047 100 9 2047 100 1 2047 100 Jumbo iadvantage 145 149 2047 74.04 (1) (2)2011/12 2012/13 50

392,000 392,000 320,000 566,000 886,000 550,000 550,000 53,000 851,000 904,000 700,000 700,000 280,000 232,000 512,000 341,000 341,000 259,000 259,000 248,000 248,000 172,000 172,000 124,000 124,000 29,000 2,495,000 2,524,000 1,023,000 1,023,000 27,000 872,000 899,000 133,000 133,000 598,000 308,000 906,000 32,000 370,000 402,000 725,000 475,000 1,200,000 400,000 400,000 295,000 295,000 285,000 285,000 240,000 240,000 205,000 205,000 205,000 205,000 188,000 188,000 183,000 183,000 182,000 182,000 53,000 124,000 177,000 114,000 114,000 1,300,000 1,300,000 350,000 350,000 96,000 96,000 310,000 431,000 741,000 258,000 258,000 600,000 569,000 1,169,000 626,000 626,000 108,000 108,000 589,000 589,000 583,000 583,000 56,000 521,000 577,000 182,000 375,000 557,000 500,000 500,000 415,000 415,000 310,000 310,000 245,000 245,000 195,000 195,000 99,000 32,000 47,000 178,000 35,000 137,000 172,000 145,000 145,000 142,000 142,000 120,000 120,000 116,000 116,000 111,000 111,000 51

1 2 3 4 5 6 7 8 9 10 11 Mikiki 12 13 PopCorn 14 15 16 17 HomeSquare 18 19 20 21 A 22 23 26 24 APM 25 26 27 WTC More 28 29 30 W 100 31 32 33 Jumbo iadvantage 34 35 36 37 38 39 40 MEGA iadvantage 41 42 43 44 45 46 28 52

32 18 7 6 4 5 8 31 17 16 19 45 44 9 33 20 21 34 35 36 11 22 30 43 10 42 23 37 38 24 39 14 46 12 13 2 41 1 25 29 26 27 40 15 3 53

54

(1) 57.5 0.3 57.8 6.7 5.1 11.8 8.4 3.1 11.5 1.8 0.9 2.7 74.4 9.4 83.8 1.6 1.6 15.7 7.2 22.9 4.0 6.5 10.5 11.7 0.7 12.4 48.7 0.6 49.3 16.3 16.3 32.4 0.6 33.0 10.0 10.0 74.4 9.4 83.8 (1) 55

56

57

999 100% APM 58

100% 35% 59

90% 40% 60

100% 40% 61

40% 60% 62

33.3% 70% 63

64 50% 100% A A 80% A B 100%

91% AB 40% 65

2012/13 3 100 40 A 60 B 2013/14 100 90 40 A 100 (2) 33.3 B 60 A 91 2014/15 3 100 40 40 90 33.3 70 50 A 60 (3) 40 B 91 2015/16 35 100 40 40 90 100 100 60 70 33.3 80 100 40 C 91 2015/16 (1) (2) (3) 66

(1) 216,000 216,000 1,142,000 1,142,000 211,000 211,000 827,000 827,000 2,396,000 2,396,000 542,000 542,000 451,000 451,000 435,000 587,000 1,022,000 1,016,000 64,000 1,080,000 500,000 3,000 503,000 240,000 240,000 555,000 2,000 557,000 3,739,000 656,000 4,395,000 614,000 614,000 781,000 781,000 424,000 424,000 391,000 391,000 209,000 332,000 149,000 690,000 630,000 22,000 652,000 431,000 431,000 172,000 172,000 650,000 650,000 335,000 335,000 3,592,000 785,000 614,000 149,000 5,140,000 659,000 529,000 189,000 75,000 1,452,000 1,130,000 23,000 1,153,000 407,000 80,000 755,000 155,000 1,397,000 308,000 162,000 143,000 613,000 518,000 373,000 946,000 471,000 2,308,000 510,000 2,178,000 460,000 3,148,000 7,654,000 44,000 7,698,000 3,277,000 162,000 3,439,000 466,000 1,000 253,000 720,000 450,000 450,000 20,503,000 1,747,000 863,000 178,000 23,291,000 2,484,000 165,000 2,649,000 4,520,000 91,000 4,611,000 2,392,000 733,000 1,656,000 165,000 4,946,000 3,490,000 26,000 3,516,000 47,808,000 4,484,000 7,452,000 1,647,000 61,391,000 67

Major Projects Residential Office Shopping Centre Hotel District Project Name Usage Major Completed Investment Properties Beijing 1 Beijing APM/ APM/Sun Dong An Office Tower SHANGHAI & YANGTZE RIVER DELTA 2 Shanghai 2 Arcadia Shanghai 3 / 3 Shanghai / IFC/The Ritz-Carlton Shanghai, / Pudong/ 4 Shanghai /APM IFC Mall/IFC Residence 4 Shanghai ICC Ph.1/ 5 International APM 65 Shanghai Central Plaza Hangzhou 6 Hangzhou MIXC GUANGZHOU 7 & PEARL RIVER DELTA Foshan 7 Nanhai Plaza District Project Name Usage Major Properties Under Development SHANGHAI & YANGTZE 8 RIVER DELTA Shanghai 98 Shanghai ICC Ph. 3 & 4 910 Shanghai Arch 10 11 Minhang Project Hangzhou 11 12 Hangzhou MIXC 12 13 Zhijiang Project Nanjing 13 14 Hexi CBD Project Suzhou 14 15 Suzhou Project Wuxi 15 Taihu International Community GUANGZHOU & 16PEARL RIVER DELTA Guangzhou 16 17 Lake Dragon 17 18 Park Royale 18 19 Tianhui Plaza 19 Forest Hill 20 20 Hongcheng Project 21 Dongguan 21 Shilong Project Zhongshan 22 22 The Woodland Foshan 23 23 Chancheng OTHER CITIES 24 Chengdu 24 Jovo Town 25 25 Chengdu ICC 68

Beijing 1 Chengdu 24 25 Nanjing 13 Wuxi 15 Suzhou 14 11 12 Hangzhou 6 3 8 5 9 2 4 Shanghai & Yangtze 10 River Delta Guangzhou & Pearl River Delta 16 17 19 7 20 23 18 22 21 69

70

71

(LEED) 72

APM 73

/ (1) APM/ 138 2043 1,036,000 458,000 1,494,000 / 8 2054 100 1,220,000 1,572,000 940,000 3,732,000 / / /APM 999 2056 100 1,307,000 666,000 1,973,000 381 2044 80 106,000 366,000 472,000 88 2064 100 304,000 27,000 331,000 2046 40 656,000 656,000 2045 100 640,000 640,000 (1) APM APM IMAX APM APM 74

APM APM 75

76

77

Caprice2012 Robb Report2012 Best of the Best Condé Nast Traveler 2012 Hot List 2012Ozone DestinAsian Architectural Digest Caprice 78

W Travel + Leisure 2011 Woobar Woobar WWoobar 79

Condé Nast Traveler 80

Flair 81

82

83

Shouson Peak Twelve Peaks 50 i UniQi UniQ II 1117555A 202507 B 49 173 84

4G 85

86

100 100 100 100 100 100 Sky 100 87

88

A1 A+ 89

(a) 9,801 9,682 8,799 23,334 37,493 17,916 15,173 9,503 71,266 60,435 14,338 7,898 56,928 52,537 90

(b) 91

FinanceAsia Asiamoney The Asset Euromoney Corporate Governance Asia 92

93

94

95

(GRI)G3.1 B 96

97

(BEAM) (LEED) A LEED BLEED LEEDLEED ISO50001 ISO50001 98

2012 2012 G G facebook 99

100

facebook SUN Team 101

102 2011/12 2011/12 10

103

92 2 104

3.10(A) 3.10 3.13 HSBC Trustee C.I. Limited HSBC TrusteeXV HSBC Trustee 105

6/8 6/8 8/8 2/2 5/8 8/8 7/8 2/4 5/8 0/8 *7/8 7/8 8/8 1/2 1/2 7/8 8/8 6/8 6/8 * 106

A.2.1 107

A B C A B C A C A C A C A C A C A C C C A C A B C A C A C A B C A C A B C A : B : C : 108

41/46 42/46 43/46 10/10 43/46 41/46 42/46 * 1/1 * 1/1 * 1/1 * 1/1 * 1/1 * 109

1/1 1/1 1/1 1/1 1/1 1/1 110

3.21 111

3/3 3/3 3/3 COSO (the Committee of Sponsoring Organizations of the Treadway Commission) (i) 112

(ii) (iii) (iv) (v) 113

114

113 115A(i) (ii) 1/1 1/1 1/1 1/1 1/1 1/1 1/1 0/1 0/1 0/1 1/1 1/1 0/1 0/1 1/1 1/1 1/1 1/1 115

209 216 2 28 30160 116

10 11 6 38 3950 51 66 6774 2140 151 95 104(A) 117

XVXV78 352 1. 18 1 2012 6 30 2,026,195 304,065 413,503,195 2&3 415,833,455 100,000 48,000 415,981,455 15.90 76,894 416,726,278 2&4 416,803,172 100,000 416,903,172 15.94 486,340 343,000 5 829,340 829,340 0.03 200,950 200,950 100,000 300,950 0.01 60,000 60,000 80,000 140,000 0.01 1,000 1,000 1,000 0.00 4,028 4,028 4,028 0.00 220,000 9,500 229,500 229,500 0.01 6 75,000 1,087,663,522 1,087,738,522 1,087,738,522 41.58 1,335,131 1,335,131 1,335,131 0.05 171,319 171,319 171,319 0.01 66,000 126,500 7 192,500 100,000 292,500 0.01 702,722 339,358 1,042,080 100,000 1,142,080 0.04 100,000 100,000 0.00 1,000 1,000 1,000 0.00 1. 2. XV 392,963,316 28,764,614 118

1,081,739,328 1,081,739,328 1. 1,081,739,328 2. 1,081,739,328371,286,430 3. 1,081,739,328 39,621,392 1,081,739,3281,121,360,720 3. 2XV 20,539,879 4. 2XV 23,762,962 5. Superfun Enterprises Limited Superfun343,000Superfun 39.88% 61.92%Hopkins (Cayman) Limited Hopkins Rimmer (Cayman) Limited Rimmer Riddick (Cayman) Limited Riddick Hopkins Rimmer Riddick XVSuperfun343,000 6. XV 7. 119

2. (a) 2012 6 30 2,140,000 1 2,140,000 2,140,000 0.09 3,485,000 1&2 3,485,000 3,485,000 0.15 218,000 218,000 218,000 0.01 356 356 356 0.00 200,000 200,000 200,000 0.01 600,000 600,000 600,000 0.03 1. XV 2,140,000 2. 1XV 1,345,000 3. XV 120

(b) 2012 6 30 4,475,534 1 4,475,534 4,475,534 0.43 1. XV (c) 2012 6 30 393,350 393,350 393,350 0.10 61,522 61,522 61,522 0.02 121

(d) 2012 2012 6 30 6 30 Splendid Kai Limited 2,500 25 1,500 1 15.00 Hung Carom Company Limited 25 25 15 1 15.00 Tinyau Company Limited 1 50 1 1 50.00 8 80 4 1 40.00 1. XV XV (e) 2012 6 30 2 2 50.00 Billion Ventures Limited 1 3 50.00 Central Waterfront Property Holdings Limited 100 4 100.00 Central Waterfront Property Investment Holdings Limited 50 5 50.00 CWP Limited 1 6 50.00 100 7 25.00 1 8 50.00 1 9 50.00 Fullwise Finance Limited 2 2 50.00 1 10 50.00 1 11 25.00 2,459 12 24.59 3,050 13 33.33 1 14 50.00 1 11 25.00 1 15 33.33 Tartar Investments Limited 300 16 30.00 4,918 17 49.18 1 18 50.00 1 18 50.00 World Space Investment Limited 4,918 17 49.18 122

1. Superfun 343,000Superfun 39.88%61.92%Hopkins Rimmer Riddick Hopkins Rimmer RiddickXV Superfun343,000 2. 250% Masterland Limited1 3. Chico Investment Limited Chico1 1 4. Central Waterfront Property Investment Holdings Limited100 Starland International Limited Starland 34.21%Starland1 5. 5034.21Starland 15.79 Prominence Properties Limited ProminenceStarlandProminence 39.88%1 6. Starland1 1 7. 100 1 8. 1 1 9. Masterland Limited1 1 10. Atex Resources Limited1Mightymark Investment Limited 1 11. Citiplus Limited1 1 123

12. Chico 2,459 1 13. Quickcentre Properties Limited3,050Andcoe Limited100% 100%Andcoe Limited Brightland Enterprises Limited100%1 14. 1 1 15. Benewick Limited1Dorway Investment Limited100%1 16. Kenforce Investment Limited300 1 17. Billion Ventures Limited4,918Chico 50%1 18. Dandy Investments Limited11 XV7 8 352 124

1. 4,840,0002,982,000 2011 7 1 2012 6 30 (I) 2010 7 12 111.40 2011 7 12 2015 7 11 1 2010 7 12 111.40 2011 7 12 2015 7 11 1 2010 7 12 111.40 2011 7 12 2015 7 11 1 2010 7 12 111.40 2011 7 121 80,000 2012 4 12 2015 7 11 2010 7 12 111.40 2011 7 12 2015 7 11 1 2010 7 12 111.40 2011 7 12 2015 7 11 1 2011 7 11 116.90 2012 7 11 2016 7 10 2 2012 3 28 2010 7 12 111.40 2011 7 121 100,000 100,000 2015 7 11 (II) 2010 7 12 111.40 2011 7 12 2015 7 11 1 48,000 48,000 (III) 2010 7 12 111.40 2011 7 12 4,056,000 (224,000) 3,752,000 2015 7 11 1 2011 7 11 116.90 2012 7 11 2,882,000 3 (116,000) 4 2,766,000 2016 7 10 2 4,704,000 2,982,000 (340,000) 7,346,000 1. 125

2. 3. 4. 48,000 5. 1u 1.27% 1 22.60% 2 2.40% 3 5 4 1. 2. 3. 4. 126

1. 2. 3. 10% 10% 30% 231,810,7368.86% 4. 1% 5. 6. 7. 8. 9. 127

2. (I) (a) (i) (ii) (b) (c) (d) 128

(A) 1. 2. (i) (ii) (iii) (iv) (v) 3. 10%10% 30% 197,333,417 8.50% 4. 1%2,322,229,531 5. 6. 7. 8. 9. 129

(B) 1. / 2. (i) (ii) (iii) (iv) (v) 3. 10%10% 30% 4. 1% 5. 6. 130

7. 8. 9. (II) 131

1,942,500 2011 7 1 2012 6 30 (I) 2003 2 10 4.60 2003 5 2 167,000 (167,000) 2 2012 5 1 1 2004 2 5 4.50 2005 2 5 1,940,000 (1,940,000) 2 2014 2 4 3 2011 6 13 12.78 2012 6 13 12,000,000 12,000,000 2016 6 12 4 (II) 2004 2 5 4.50 2005 2 5 2,907,000 (2,361,000) 5 546,000 2014 2 4 3 2011 6 13 12.78 2012 6 13 22,177,500 (568,500) 5 (1,525,000) 20,084,000 2016 6 12 4 2011 9 30 13.12 2012 9 30 840,000 7 (75,000) 765,000 2016 9 29 6 2011 10 31 14.96 2012 10 31 150,000 9 150,000 2016 10 30 8 2011 11 30 13.02 2012 11 30 277,500 11 277,500 2016 11 29 10 (III) 2011 12 30 13.52 2012 12 30 375,000 13 375,000 2016 12 29 12 2012 2 29 16.56 2013 3 1 300,000 15 300,000 2017 2 28 14 39,191,500 1,942,500 (5,036,500) (1,600,000) 34,497,500 1. 2. 3. 4. 132

5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 133

2011 2011 2011 2011 2012 9 30 10 31 11 30 12 30 2 29 1 0.757% 0.887% 0.813% 0.957% 0.532% 2 5 5 5 5 5 3 38.21% 40.26% 40.74% 40.87% 41.68% 4 5.5% 5.5% 5.5% 5.5% 5.5% 13.12 14.96 13.02 13.52 16.56 11.84 14.60 13.02 13.44 16.56 2.38 3.50 3.25 3.36 4.20 1. 2. 3. 4. 1. / 2. 134

3. 10% 30% 102,948,6859.93% 4. 1% 5. 6. 7. 8. 9. 135

XV23336 2012 6 30 (I) 21,685 1,121,360,720 1 1,121,382,405 42.87 HSBC Trustee C.I. Limited HSBC Trustee 1,121,364,763 1,121,364,763 2 42.86 (II) Adolfa Limited Adolfa 200,309,286 28,764,614 229,073,900 3 8.75 Bertana Limited Bertana 200,309,286 28,764,614 229,073,900 3 8.75 Cyric Limited Cyric 200,309,286 28,764,614 229,073,900 3 8.75 Asporto Limited Asporto 163,889,416 163,889,416 3 6.26 Rosy Result Limited Rosy Result 163,889,416 163,889,416 3 6.26 Thriving Talent Limited Thriving Talent 163,889,416 163,889,416 3 6.26 1. /XV1,121,360,720 HSBC Trustee 2. HSBC Trustee1,081,739,328 1,081,739,328 1. 1,081,739,328 2. 1,081,739,328371,286,430 3. 1,081,739,328 3. Adolfa Bertana CyricAdolfa Bertana Cyric 28,764,61428,764,614Adolfa Bertana Cyric Asporto Rosy Result Thriving TalentHSBC Trustee XV23 336 136

23 25 8.10 (i) (ii) 137

/10% A 33 30% 138

104 115 139

60 IFC Development Limited XV 140

59 XV 83 141

56 (58 65 142

Certified Financial Planner MBE 60 143

59 63 VTech Holdings Limited Singapore Airlines Limited 144

72 56 145

61 XV 83 146

77 147

60 66 148

83 XV 56 149

29 XV 31 XV 49 150

151

19721978 1997 3 1987 1999 12 2000 2005 4 19892005 8 198719911995 19962009 7 152

154 155 156 157 158 159 160 161 209 215 216 153

155 216 154

2012 2011 2(a) 68,400 62,553 (39,098) (37,259) 29,302 25,294 532 574 (2,887) (2,498) (1,959) (2,004) 2(a) 24,988 21,366 19,482 25,070 44,470 46,436 (1,654) (1,095) 122 62 3 (1,532) (1,033) 256 171 5,899 10,573 2(a) & 9(b) 6,155 10,744 4 49,093 56,147 7 (5,284) (7,359) 2(a) 43,809 48,788 43,080 48,097 729 691 43,809 48,788 8 2,484 2,442 6,278 6,168 8,762 8,610 9(a) $16.63 $18.71 9(b) $8.37 $8.36 155

2012 2011 43,809 48,788 712 1,917 (47) 712 1,870 (1) 1 2 1 1 (29) 475 (29) (26) (58) 449 119 645 (1) 3 118 648 773 2,968 44,582 51,756 43,792 50,916 790 840 44,582 51,756 156

2012 2011 10 233,867 212,863 11 18,591 17,896 13 3,825 3,249 14 45,690 38,686 15 587 275 16 3,522 3,362 17 4,699 5,049 310,781 281,380 18 117,144 98,861 437 479 19 24,159 23,453 21 711 1,126 22 14,338 7,898 156,789 131,817 23 (9,801) (9,682) 24 (22,256) (20,452) (3,120) (3,525) (6,750) (5,141) (41,927) (38,800) 114,862 93,017 425,643 374,397 25 (61,465) (50,753) 26 (12,451) (10,610) 27 (768) (839) (74,684) (62,202) 350,959 312,195 28 1,308 1,285 345,251 305,680 346,559 306,965 4,400 5,230 350,959 312,195 157

2012 2011 12 30,213 30,148 19 7 20 100,747 90,470 26 8 100,773 90,485 24 (40) (20) 100,733 90,465 130,946 120,613 28 1,308 1,285 30 129,638 119,328 130,946 120,613 158

2012 2011 31(a) 10,163 36 (1,865) (4,106) (149) (276) 8,149 (4,346) (1,914) (435) (131) (2,924) 1,948 (2,156) (2,255) (3,982) (6,503) (129) (972) 601 703 1 625 686 62 21 31(b) 490 99 220 96 93 36 6 2,767 4,804 (368) 81 (5,708) (2,722) 31,433 20,601 (21,572) (5,869) 500 402 (71) (1,801) (1,198) 121 62 28 56 (1,039) (7) (194) 31 1,776 (4,298) (7,197) (452) (294) 4,385 6,633 6,826 (435) 7,411 7,772 6 74 31(c) 14,243 7,411 159

1,285 36,451 739 765 3,672 220,309 263,221 4,804 268,025 48,097 48,097 691 48,788 1 452 2,366 2,819 149 2,968 1 452 2,366 48,097 50,916 840 51,756 76 76 1 77 1 (1) (9) (9) 9 (2,442) (2,442) (2,442) (4,755) (4,755) (4,755) (42) (42) (1,437) (1,479) (11) (11) 1,318 1,318 (294) (294) 1,285 36,451 766 1,217 6,038 261,208 306,965 5,230 312,195 43,080 43,080 729 43,809 1 (56) 767 712 61 773 1 (56) 767 43,080 43,792 790 44,582 23 4,331 4,354 4,354 65 65 49 114 (2) (2) 2 (2,484) (2,484) (2,484) (6,168) (6,168) (6,168) 37 37 38 75 (1,205) (1,205) 2 2 (506) (506) 1,308 40,782 867 1,161 6,805 295,636 346,559 4,400 350,959 160

1 a. b. 2010 1 24 2 7 3 3 14 2 1 2 3 2011 1 1 2011 1 1 2011 7 1 161

1 b. 2009 2011 5 1 4 19 2011 5 27 2011 5 28 2011 5 32 6 7 5 7 9 9 7 9 7 10 5 11 5 12 5 13 5 4 5 6 7 2012 7 1 2013 1 1 2014 1 1 2015 1 1 c. 1(g) 1(h) 162

1 d. e. (i) (ii) (iii) (iv) (v) (vi) (vii) 163

1 e. (viii) (ix) (x) (xi) (xii) f. g. 164

1 h. (i) (ii) i. (i) 165

1 i. (i) (ii) (iii) j. (i) 166

1 j. (ii) (iii) (iv) 167

1 k. l. (i) 168

1 l. (ii) (iii) (iv) (v) m. (i) (ii) (iii) 169

1 m. (iv) (v) n. 1(k) o. p. q. 170

1 r. s. t. u. 171

2 (a) 35,044 12,504 209 114 35,253 12,618 878 293 820 118 1,698 411 81 45 81 45 35,922 12,797 1,110 277 37,032 13,074 9,925 7,625 2,260 1,881 12,185 9,506 1,496 1,007 118 96 1,614 1,103 645 460 645 460 11,421 8,632 3,023 2,437 14,444 11,069 3,089 827 631 205 3,720 1,032 9,952 1,385 9,952 1,385 3,275 936 2,619 161 5,894 1,097 4,741 984 278 20 5,019 1,004 68,400 25,561 7,661 3,100 76,061 28,661 532 532 (1,105) (1,105) 24,988 3,100 28,088 19,482 3,873 23,355 44,470 6,973 51,443 (1,532) (206) (1,738) 42,938 6,767 49,705 (5,284) (5,284) (21) (21) (591) (591) 37,654 6,155 43,809 172

2 (a) 32,245 10,756 5,752 2,882 37,997 13,638 3,985 888 524 100 4,509 988 3,972 2,021 3,972 2,021 36,230 11,644 10,248 5,003 46,478 16,647 8,824 6,680 1,988 1,599 10,812 8,279 1,054 725 104 72 1,158 797 639 435 639 435 9,878 7,405 2,731 2,106 12,609 9,511 2,055 362 539 191 2,594 553 6,631 967 6,631 967 3,194 830 2,532 115 5,726 945 4,565 868 214 38 4,779 906 62,553 22,076 16,264 7,453 78,817 29,529 574 574 (1,284) (1,284) 21,366 7,453 28,819 25,070 4,795 29,865 46,436 12,248 58,684 (1,033) (166) (1,199) 45,403 12,082 57,485 (7,359) (7,359) (28) (28) (1,310) (1,310) 38,044 10,744 48,788 173

2 (b) 111,922 1,862 113,784 (8,915) 22,568 4,342 26,910 (3,476) 609 609 134,490 6,813 141,303 (12,391) 186,594 30,955 217,549 (2,824) 49,198 4,462 53,660 (1,241) 3,596 3,596 235,792 39,013 274,805 (4,065) 11,049 1,151 12,200 (350) 6,049 6,049 (3,851) 5,174 2,361 7,535 (1,008) 3,605 177 3,782 (2,755) 396,159 49,515 445,674 (24,420) 14,338 4,233 (71,266) 3,325 (1,724) (6,750) (12,451) 467,570 (116,611) 96,446 1,901 98,347 (9,225) 19,593 4,984 24,577 (3,011) 950 950 116,039 7,835 123,874 (12,236) 168,616 24,266 192,882 (2,607) 46,459 3,189 49,648 (1,323) 3,195 3,195 215,075 30,650 245,725 (3,930) 10,760 1,212 11,972 (304) 5,557 5,557 (3,578) 5,385 2,091 7,476 (999) 3,037 147 3,184 (2,235) 355,853 41,935 397,788 (23,282) 7,898 4,488 (60,435) 3,023 (1,534) (5,141) (10,610) 413,197 (101,002) 174

2 (c) 2012 2011 2012 2011 11 10 29,234 22,869 4,177 6,379 328 257 993 1,246 602 535 940 688 358 360 35 82 211 185 188 222 28 27 18 16 1,538 1,374 35,585 31,502 (d) 2012 2011 65,270 56,959 2,770 5,312 360 282 68,400 62,553 2012 2011 205,983 36,506 242,489 188,138 29,617 217,755 50,910 8,804 59,714 47,496 8,173 55,669 4,205 4,205 4,145 4,145 264 264 174 174 257,157 49,515 306,672 235,808 41,935 277,743 587 275 3,522 3,362 310,781 281,380 175

3 2012 2011 1,175 811 357 117 416 302 1,948 1,230 101 97 (395) (232) 1,654 1,095 (122) (62) 1,532 1,033 1.98% 8.18%1.31% 7.04% 176

4 2012 2011 21,449 23,147 4,189 1,905 261 198 927 841 350 335 1,072 969 5,054 4,471 114 77 18 15 23 83 23 96 93 36 6 71 86 8 7 65 88 13 98 17 177

5 d 2012 2011 0.15 1.88 0.21 0.17 0.81 3.22 3.87 0.31 1.93 0.22 0.18 0.81 3.45 4.10 0.10 10.14 6.38 0.73 0.81 18.16 17.93 a 0.02 1.15 1.15 0.11 0.14 2.57 0.13 4.61 6.52 0.43 0.81 12.50 12.79 0.10 2.46 2.10 0.81 5.47 5.89 0.10 5.82 8.91 0.29 1.11 16.23 14.80 0.11 0.11 0.11 0.13 0.13 0.13 0.10 0.10 0.10 0.18 0.18 0.15 0.30 0.30 0.30 0.35 0.35 0.35 0.22 0.22 0.22 0.63 0.63 0.63 0.10 0.10 0.10 b 0.05 0.05 0.12 b 0.07 0.07 0.15 c 0.07 5.34 0.34 0.19 0.81 6.75 5.19 3.22 33.33 25.83 2.10 6.11 70.59 66.93 3.33 28.30 23.87 1.95 9.48 178

5 2012 2011 14.90 13.17 18.02 15.69 1.42 1.05 d 15.20 1.99 49.54 31.90 13.5 14.0 1 14.5 15.0 1 18.0 18.5 1 34.5 35.0 1 2 2 (a) (b) (c) (d) 6 179

7 2012 2011 3,313 2,608 17 1,115 3,330 3,723 275 503 3,605 4,226 1,156 2,682 523 451 1,679 3,133 5,284 7,359 (a) 16.5%16.5% (b) 2012 2011 42,938 45,403 16.5%16.5% 7,085 7,492 738 2,057 (2,588) (3,285) (36) (50) 22 45 17 1,115 46 (15) 5,284 7,359 (c) 180

8 2012 2011 6,168 4,755 2,484 2,442 8,652 7,197 6,278 6,168 9 (a) (b) 2012 2011 43,080 48,097 (19,482) (25,070) 1,156 2,682 674 378 (3,873) (4,795) 57 99 (21,468) (26,706) 66 88 (21,402) (26,618) 21,678 21,479 181

10 (a) 156,290 27,711 184,001 523 6,759 7,282 12,193 (12,193) 130 130 201 201 26 26 (510) (510) (4,975) (4,975) (6) (6) 779 865 1,644 19,304 5,766 25,070 188,703 24,160 212,863 574 3,602 4,176 8,374 (8,374) 264 264 2,026 2,026 7 7 (475) (475) (2,055) (2,055) (3,253) (3,253) (11) (11) 593 250 843 17,027 2,455 19,482 214,792 19,075 233,867 182

10 (b) 2012 2011 28,744 27,007 156,420 140,405 1,417 1,309 47,286 44,142 233,867 212,863 (c) (d) (e) 183

11 (a) 7,598 3,891 4,905 3,938 3,192 23,524 222 805 27 585 636 2,275 2,339 (2,691) 260 92 6 6 (8) (1,044) (141) (1,193) (130) (130) 13 13 10,151 1,875 5,198 3,479 3,792 24,495 242 737 111 728 367 2,185 (161) 161 11 11 (229) (261) (490) (6) (8) (14) (264) (264) 7 7 10,393 2,187 5,475 3,978 3,897 25,930 1,508 1,162 2,211 1,818 6,699 198 107 383 351 1,039 (1,014) (134) (1,148) 9 9 1,706 1,269 1,580 2,044 6,599 261 110 398 419 1,188 (7) (7) (219) (226) (445) 4 4 1,967 1,379 1,759 2,234 7,339 8,426 2,187 4,096 2,219 1,663 18,591 8,445 1,875 3,929 1,899 1,748 17,896 184

11 (b) 2012 2011 1,039 946 2,280 2,296 3,319 3,242 5,671 5,756 1,809 1,646 1,816 1,633 9,296 9,035 1,716 1,743 378 229 2,094 1,972 14,709 14,249 12 2012 2011 30,213 30,148 13 2012 2011 36 36 585 585 2,371 2,208 2,992 2,829 833 420 3,825 3,249 1,946 2,984 185

13 2012 2011 3,212 3,887 2,605 1,362 (892) (955) (1,933) (1,465) 2,992 2,829 2,448 2,369 104 39 256 171 14 2012 2011 3,028 2,225 31,993 28,714 35,021 30,939 10,669 7,747 45,690 38,686 2012 2011 54,435 55,364 13,747 12,851 (10,916) (18,621) (22,245) (18,655) 35,021 30,939 5,213 13,895 3,712 4,657 5,899 10,573 186

15 2012 2011 623 290 (36) (15) 587 275 16 2012 2011 81 817 640 151 21 58 59 1,026 720 812 633 1,312 1,447 372 481 2,496 2,561 3,522 3,362 1,629 1,354 1,463 1,468 3,092 2,822 187

17 6,930 35 825 7,790 1,027 1,027 6,930 35 1,852 8,817 3,082 351 3,433 258 77 335 3,340 428 3,768 258 92 350 3,598 520 4,118 3,332 35 1,332 4,699 3,590 35 1,424 5,049 18 2012 2011 47,399 46,826 54,325 41,796 15,420 10,239 117,144 98,861 188

19 2012 2011 18,546 17,759 7 4,590 5,012 19a 81 67 109 53 19b 833 562 24,159 23,453 7 19a. 2012 2011 646 242 (585) (196) 61 46 19 81 67 24 (20) (21) 61 46 189

19 19b. 2012 2011 19 & 24 689 560 144 2 2 833 562 2 1 2012 2011 150 371 2,200 2,350 1,923 1,923 4,273 4,644 140 312 490 140 3,880 4,510 452 2012 2011 100 190

20 21 2012 2011 30 32 558 612 588 644 24 141 20 44 141 79 262 79 79 341 711 1,126 22 23 2012 2011 86 76 25 9,715 9,606 9,801 9,682 191

24 2012 2011 20,206 40 17,686 20 19a 20 21 2,030 2,742 19b 3 22,256 40 20,452 20 25 2012 2011 86 76 71,180 60,359 71,266 60,435 2012 2011 5,119 150 57 3,824 725 910 56 5,957 4,884 1,453 7,089 8,742 16,858 24,828 14,316 35,023 38,263 2,643 2,367 2,652 11,940 2,690 15,117 9,503 29,700 17,212 500 71,180 60,359 23 (9,715) (9,606) 61,465 50,753 192

25 2012 2011 2012 2011 838 4,734 838 4,734 33,570 31,174 33,570 31,174 27,057 14,845 28,565 15,489 61,465 50,753 62,973 51,397 (a) 19b (b) (c) (d) 2012 2011 44,672 44,968 13,989 4,946 12,529 10,448 76 73 71,266 60,435 (e) 193

26 2,750 5,079 (648) 8 7,189 423 2,682 17 11 3,133 20 269 (1) 288 3,193 8,030 (632) 19 10,610 380 1,156 132 11 1,679 9 153 (1) 1 162 3,582 9,339 (501) 31 12,451 27 2012 2011 61 58 707 781 768 839 194

28 2012 2011 2,900 1,450 2,900 1,450 2,570 1,285 2,570 1,285 46 23 2,616 1,308 2,570 1,285 29 195

29 (i) 2011 2012 7 1 6 30 2010 7 12 111.40 2011 7 12 2015 7 11 2011 7 11 116.90 2012 7 11 2016 7 10 4,704,000 (224,000) 4,480,000 2,982,000 (116,000) 2,866,000 4,704,000 2,982,000 (340,000) 7,346,000 111.40 116.90 113.28 113.55 2010 2011 7 1 6 30 2010 7 12 111.40 2011 7 12 2015 7 11 4,840,000 (136,000) 4,704,000 4,840,000 (136,000) 4,704,000 111.40 111.40 111.40 30 36,451 5,281 66,288 108,020 18,431 18,431 (4,755) (4,755) (2,442) (2,442) 74 74 36,451 5,355 77,522 119,328 4,331 4,331 14,566 14,566 (6,168) (6,168) (2,484) (2,484) 65 65 40,782 5,420 83,436 129,638 196

31 (a) 2012 2011 24,988 21,366 1,538 1,374 23 444 2 (126) (193) (17) 23 (65) (88) (132) (99) (139) (170) 114 77 46 197 26,230 22,933 11,276 15,986 (29,090) (22,806) (251) (10,305) 56 (108) 2,347 1,483 (405) (7,147) 10,163 36 (b) 2012 2011 228 493 38 (141) 618 528 30 558 (618) 11 47 (2) 2012 2011 528 (38) 490 197

31 (c) 2012 2011 14,338 7,898 (86) (76) 14,252 7,822 (9) (411) 14,243 7,411 32 2012 2011 12,233 10,249 142 190 12,375 10,439 289 225 43 58 93 70 425 353 646 867 198 410 198

33 2012 2011 2012 2011 (a) 3 60 101 (b) 1 1 (b) 1 37 29 (c) 103 93 144 1,002 (c) 319 322 (a) 13 14 (b) (c) (d) 25(e)14A.65(4) 14A 5 199

34 2012 2011 (a) 2,424 2,941 1,725 2,272 (b) 866 246 (c) 2012 2011 65,148 55,636 363 808 922 65,956 56,921 35 2012 2011 9,814 8,331 12,683 10,369 1,948 1,627 24,445 20,327 200

35 2012 2011 903 704 1,066 735 789 583 2,758 2,022 36 37 (a) (b) 201

37 (c) (d) (e) (f) 38 (a) 202

38 (a) (b) (c) 203

38 (d) 34 (e) 24 20,206 20,212 14,865 1,588 3,556 203 24 2,030 2,030 1,492 538 23 & 25 71,266 81,049 11,836 10,459 40,823 17,931 27 768 1,081 183 610 288 19b 94,270 104,372 28,193 12,230 45,527 18,422 204

38 (e) 24 17,686 17,689 13,385 1,145 2,981 178 24 2,742 2,742 2,204 538 23 & 25 60,435 66,276 11,120 24,509 19,779 10,868 27 839 1,254 173 580 501 19b 3 4 4 81,705 87,965 26,713 25,827 23,878 11,547 (f) 205

38 (f) 841 841 171 171 58 58 812 812 1,312 1,312 212 212 30 30 558 558 689 689 144 144 3,782 1,045 4,827 206

38 (f) 781 781 21 21 59 59 633 633 1,447 1,447 328 328 32 32 612 612 560 560 2 2 3,585 890 4,475 1 1 2 2 3 3 207

39 2012 2011 5,957 4,884 65,309 55,551 71,266 60,435 (14,338) (7,898) 56,928 52,537 346,559 306,965 16.4% 17.1% 40 41 155216 208

* (%) 2 74.04 232,222,953 3 66.51 103,672,114 6 100 1,000,000 7 100 2,287,658,338 9 100 100,000,200 6 100 200 6 100 500,000 6 100 100,000 6 100 75,000,000 6 100 350,000 100 12,600,000 100 50,000 100 100,000 100 100,000 6 100 10,000 Mantegna Investment Company Limited 1 100 2 100 ( 10) 9,999,998 100 200 100 2 Able Smart Assets Limited 1 100 US$1 100 1 Additech Ltd. 1 100 US$1 Advance Vision Enterprises Limited 100 2 100 100 Annadale Development Limited 100 2 Antanpark Limited 1 100 US$1 Antinio Investments Limited 1 100 US$1 Artsland Properties Investment Limited 1 100 US$1 Assured Outcome Limited 1 100 US$1 209

* (%) Barnard Enterprises Limited 1 75 US$100 Beauty Marble Investment Limited 100 2 5a 100 US$129,000,000* Best Winners Limited 1 100 US$1 Biliboss Ltd. 1 100 US$1 100 2 Branhall Investments Limited 1 100 2 100 ( 10) 39,999,998 Buratto Limited 1 100 US$1 Cheerlord Investment Ltd. 1 100 US$1 5b 91 RMB213,000,000* City Lion Investment Limited 1 100 US$1 100 2 Connick Limited 1 100 US$1 Cranejoy Limited 100 350,000,000 100 1 Dictado Company Limited 100 200 Dipende Limited 1 100 US$1 100 2 64.3 1 Entero Company Limited 8 100 200 Even Decade Limited 1 100 US$1 Ever Channel Limited 100 2 100 1 100 2 Evermax Development Limited 100 2 Excel Elite Assets Limited 1 100 US$1 Excellent Chance Limited 1 100 US$1 100 2 First Gain Assets Limited 1 100 US$1 Firstmax Limited 100 2 Fit Sharp Limited 1 100 US$1 Forever Glory Investments Limited 1 100 US$1 Fortin International Limited 1 100 US$1 100 2 Fortune Yield Investment Limited 100 2 5c 100 US$34,000,000* 5c 80 US$70,000,000* 5c 80 US$194,000,000* 5c 80 US$70,000,000* 5c 80 US$77,000,000* 5c 80 US$98,000,000* 5c 80 US$98,000,000* 5c 80 US$77,000,000* 210

* (%) 5c 100 US$121,000,000* Full Market Limited 100 2 100 2 100 1 Gleamland Limited 1 100 US$1 Golden Square Properties Enterprises Limited 1 100 2 100 ( 10) 999,998 100 1 100 1 100 1 5c 60 604,965,400* 5b 70 RMB798,000,000* 5a 95 RMB82,000,000* 5c 100 RMB97,200,000* Harbour Vantage Limited 100 2 Headmaster Assets Limited 1 100 US$1 Hero Town Limited 1 100 US$86,500,001 100 1 100 40,000,000 Honenberg Limited 100 2 35 1,000,000 100 200 Jayan Company Limited 100 2 100 1 Jugada Company Limited 100 2 Kamchatka Company Limited 100 200 Kamsford Hong Kong Limited 100 16,500,000 Kartasun Limited 100 2 Kimrose Investments Ltd. 1 100 US$1 100 1 6 100 2 Lanecove Enterprise Limited 1 100 US$1 Lansmart Limited 100 2 Large City Investments Limited 1 100 US$1 6 100 1,000 Leverson Limited 1, 6 100 US$1 Long Tesak Company Limited 100 100,000 Lonsale Company Limited 100 2 Lorient Holdings Ltd. 1 100 US$1 Lunalite Company Limited 100 2 211

* (%) Manceton Limited 100 2 100 1 Maxwear Limited 1 100 US$1 Mighty Choice Assets Limited 1 100 US$1 Mindano Limited 100 10,000 Moscova Company Limited 6 100 200 100 100,000 Obvio Yip Company Limited 6 100 15,000,000,000 60 10 100 1 Pacotilla Company Limited 100 200 Partner Sino Assets Limited 1 100 US$1 Pawling Limited 1 100 US$1 100 1 Pontamell Limited 1 100 US$1 Potential Area Limited 1 100 US$1 Profit Richness Ltd. 1 100 US$1 Protasan Limited 100 100 Rinnovare Limited 1 100 US$1 70 10,000 100 2 5a 80 US$42,000,000* 5c 100 US$290,500,000* 5c 100 US$90,000,000* 5c 100 US$35,000,000* 5c 100 US$165,000,000* Sharp Act Investments Limited 1 100 US$1 Shubbery Company Limited 100 200 Shunyue Investments Limited 1 100 US$1 100 1 Smithtown Investments Limited 1 100 US$1 100 2 Speed Wise Limited 6 100 2 Speedway Assets Limited 1 100 US$1 Standard Top Limited 100 2 100 1 Startrack Company Limited 100 200 Sun Carol Company Limited 100 200 100 20,000,000 5c 100 US$214,482,000* 5c 100 US$121,355,000* 212

* (%) 5c 100 RMB721,914,400* 5b 90 RMB1,800,000,000* 5c 100 US$90,000,000* 6 100 200 100 ( 11) 25,000 75 ( 12) 25,000 Sunfez Company Limited 100 200 100 2 100 4,000,000 Tainam Holdings Limited 1 100 US$1 100 2 Tenuta Limited 1 100 US$1 Tipro Development Limited 100 1,000,000 Tonthai Investment Enterprises Limited 1 100 US$1 Town Descant Company Limited 100 200 100 70,000,000 Tsi Mai Company Limited 100 200 Uniland Investment Enterprises Limited 1 100 US$1 United Way Investments Limited 4, 6 100 US$1 100 ( 10) US$83,400 Upper Hill Company Limited 1 100 US$1 Vast Earn Property Corp. 1 100 US$2 6 100 70,000 Warrior Company Limited 100 300 100 1 Well Logic Properties Investment Limited 1 100 US$1 Wellden Limited 100 2 Wetland Park Management Service Limited 100 2 100 1,000 100 2 100 2 Wonder Charm Assets Limited 1 100 US$1 100 200 100 30,000,000 Zarabanda Company Limited 100 2 5a 75 40,000,000* 213

1. 2. 3. 4. 5. a. b. c. 6. 7. 11.89% 88.11% 8. 50% 50% 9. 99.9998% 0.0002% 10. 11. A 12. B 214

(%) + #+ #+ #+ # + #+ #+ # #+ # + #+ + #+ # # #+ + #+ # + + #+ # + Altomatic Limited 50 3 40 () 5 40 35 50 50 50 20 3 33.3 6 50 5 40 IFC Development Limited 1 50 25 57.52 50 Newfoundworld Investment 1 20 Holdings Limited Orchard Turn Holdings Pte. Ltd. 2 50 Ranny Limited 50 River Trade Terminal Co. Ltd. 1 50 Senica International Limited 4 22.5 3 35 20 25 Splendid Shing Limited 50 33.3 () 5 40 57.52 Tinyau Company Limited 50 50 () 5 40 Wolver Hollow Company Limited 50 33.3 + # 1. 2. 3. 4. 5. 6. 215

(%) #+ 1 33.28 #+ 29 #+ 30 #+ Onluck Finance Limited 35.44 #+ Treasure Peninsula Limited 29 + # 1. 216

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