untitled

: 12

() ( )

2 4 5 8 32 34 42 48 50 55 65 68 78 80 83 86 94 96 102 120 126 127 199 202 204 1

2008 Best Hong Kong Deal FinanceAsia Awards for Achievement 2007 2007 55 2007 2007 ( ) 2008 2008 2007/08 MerComm, Inc. 2007 2007 2007 Lisa Quality Life Award 2008 Lisa 2007 2

2007 / 08 TVB 2008 2008 2008 2007 2007 2007/2008 539 223 223 39 539 3

2008 6 30 : 1,040 : 2,460 31.36% 67.94% 39.06% 44.21% () 45.63% 2008 6 30 4

1 11,163 7,895 +41% 2 4,385 3,825 +15% 3 2,728 2,381 +15% 15,472 9,818 +58% 4 5,707 5,883-3% 5 5,707 4,945 +15% 7.54 5.19 +45% 4 2.78 3.11-11% 5 2.78 2.61 +7% 1.10 1.10 6 56.46 47.47 +19% 7 60.05 50.94 +18% 16.5% 9.5% +7 8 8.4 115.7 9 10.0 3.1 18.4 118.8 34.0 1 2 3 4 5 6 7 3.593.47 8 9 5

688 155 39 539 8

58%7.54 5.19 ( ) 3% 2.78 3.11 2.61 15%7% 9

31% 16.5% ( ) 25% () 10

(%) 1. 15,393 189,383 70.00 132,568 1 2. 10,450 125,400 100.00 125,400 9 3. 223 91,042 1,092,502 / 88.50 966,864 223-231 4. 78 10,000 119,995 100.00 119,995 5. 78,781 17,643 100.00 17,643 122 1740 78,781 1,362,470 223 223 78 223 122 1740 11

1,400 (%) 1. 283,200 226,561 100.00 48 164,667 28 2. 228,154 182,545 100.00 47 141,520 1 3. 16,744 138,373 100.00 4 7,504 933 4. 131,321 1,410,629 69.53 67 71,634 38 5. 26,903 276,971 100.00 3 6,338 108 6. 130,523 1,109,424 55.51 43 53,684 38 39.06 7. 396,434 836,868 100.00 9 5,386 8 8. 982,376 1,165,240 90.10 101 338,088 23 9. 35,629 320,659 100.00 82 71,385 500 404 860,206 781,024 12

(%) 1. 982,376 1,165,240 90.10 161 430,408 23 2. 231 45,779 228,888 100.00 362 228,888 3. 9,600 84,090 100.00 107 68,466 33 4. 78,781 78,781 100.00 60 78,781 122 1740 5. 76 42,884 34,308 100.00 51 34,308 6. 39 56,748 229,255 60.00 66 229,255 7. 539 95,175 358,048 100.00 157 358,048 8. 11,12,12A,12B 43,492 32,619 44.42 4 32,619 9. 590-600 3,641 32,774 100.00 62 27,312 1,030 1,488,085 1,335,643 1,434 2,348,291 2,116,667 982,376 1,165,240 31 25% 13

539 39 60%539 39 25% (%) 1. 539 358,048 100.00 2. 39 229,255 60.00 587,303 24 8 50% 19-21 8 39 14

15 19-21 53.75% 79.03% 25%30% 45% ( )10% 11% (223) 94%

16 223 97% 95% 96% 223

17 30% 1,445 80% 2008 ( ) 2007 2007 184 70,000 17,000 219

18 2005 2007 78% 9% 11% 2%

1 540 155 155 19

20

21 1 55% 30% 40% 30% 280 130-2 147 688

22 1 1 1

1 1 8% 92% 2,090 11% 33% 98% 30% 57% 23

2,366,934,097 39.06% 39.06% 67.94% ( 2,366,934,097 ) 44 35.94% 60% 49% 57% 10% 60% 39.06% 24

(I) 2.0% 1,655,774 24,472 5.9% (III) (II) 1083 45.63% 100% 25

9 3113 40% 31% 29% (IV) 95.6% 96% 15.8% 10 HKCG (Finance) Limited S 144A 43036.25% 99.319% A1 A+ 26

27 31.36% 8% 96% 96% 5% 83 222 6 44.21%

The Mira Hong Kong ( The Mira) 16.5% 11, 12, 12A, 12B 39 539 231 52 28

29 223 -

1 2 587,303 3 3,1703,400 8 50% 19-21 8 19-21 39 25% 539 39 60% 539 24 ( ) (%) 1. 539 358,048 100.00 2. 39 229,255 60.00 587,303 32

( ) 23.8 3.7 3.4 3.1 34.0 53.75% 79.03% / 5% 8% 40% 25% 22% 33

1 2 25% 223 78 223 78 223 ( ) () 1,434 34

23 90.10% 982,376 1,165,240 535 ( ) 163 3,500 11,000 180 ( ) 33 100% 9,600 84,090 107 31 500 100% 35,629 320,659 400 38 35

11,12,12A,12B 44.42% 43,492 32,619 4 32,600 52 100% 11,375 125,109 125,000 712 100% 18,051 216,590 216,500 539 100% 95,175 358,048 157 539 36

76 100% 42,884 34,308 51 51 39 60% 56,748 229,255 66 39 231 100% 45,779 228,888 362 38 362 590-600 100% 3,641 32,774 62 231 27,312 37

1 23 2 231 3 33 4 76 5 39 6 539 7 11, 12, 12A, 12B 8 590-600 9 52 10 712 11 500 12 28 13 1 14 933 15 38 16 108 17 38 18 8 19 23 18 38

2 4 19 1 12 13 6 11 3 10 17 9 8 16 14 5 15 7 39

223 223

1 10% 2 3 94% ( )10% 11% () 5.00 4.00 3.00 2.00 1.00 0 0.78 0.89 3.00 0.32 0.32 0.19 3.51 0.01 25%30% 45% (223) 94% 42

43 97% / 30% 95% 96% 223 223

( ) 36 2895 100.00 108,214 108,214 49 170 188 2050 100.00 21,842 134,450 156,292 308 320 2865 100.00 31,987 182,373 214,360 98-116 183 2047 94.56 21,123 463,412 484,535 242 1 2047 40.38 52,953 316,773 369,726 71 8 2047 40.38 205,490 447,535 653,025 189 33 52,55,56 77 88 8 2047 40.38 214,035 214,035 7 4,20 32 100.00 41,232 41,232 108 2072 100.00 16,084 16,084 64 610 2047 33.33 33,511 64,422 97,933 555 2060 100.00 28,656 84,626 113,282 29 2047 100.00 150,212 150,212 16 17 9 2047 100.00 158,993 158,993 40 8 2047 100.00 175,447 175,447 20 579 579 2037 100.00 7,805 18,810 26,615 3 2054 100.00 25,979 25,979 72 79 2023 100.00 172,117 172,117 76 223 223-231 2050 88.50 47,860 919,004 966,864 394 78 78 2047 100.00 119,995 119,995 17 44

( ) 33 2047 100.00 151,513 151,513 302 88 2047 60.00 94,657 94,657 130 2047 100.00 195,280 195,280 78 210 526 2047 40.00 9,566 9,566 151 I 68 2047 74.96 138,555 156,981 295,536 100 II 145 165 2047 100.00 155,022 155,022 127 88 2047 100.00 154,259 154,259 104 2 16 2047 100.00 100,029 100,029 545 21 27 2047 77.55 114,730 114,730 103 A B 18 2047 100.00 9,305 9,305 C D 22 2047 50.00 5,118 5,118 N,P,Q R 8 2047 100.00 58,881 58,881 196 18 2047 100.00 532,637 532,637 831 628 2047 100.00 79,642 79,642 234 1 2047 100.00 140,341 140,341 51 1 2047 100.00 35,186 35,186 23 2047 100.00 87,766 87,766 8 2047 100.00 956,849 956,849 669 8 2047 100.00 266,954 266,954 232 20 2047 20.00 92,536 32,280 124,816 233 23 2047 90.10 102,788 102,788 51 8 2052 100.00 30,139 30,139 308 425,037 3,902,255 2,861,898 776,764 7,965,954 5,686 2854 2856 45

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 579 16 17 18 223 19 78 20 21 22 23 24 I 25 II 26 27 28 29 A B 30 C D 31 N, P, Q R 32 33 34 35 36 37 38 39 40 41 22 41 39 46

20 36 21 40 34 29 31 30 33 32 24 25 28 27 23 26 17 11 10 15 16 12 13 14 19 18 35 37 38 3 2 9 1 8 7 6 5 4 47

48 1,445 80% 2008 ( ) 2007 2007 2008

Q 184 70,000 17,000 2005 2007 219 49

500 Welcome Home i-home Sparkle Skyhouse Sky Garden TVB 50

The Beverly 2008 2008 23 Ranee K Ferretti 550 The Beverly 2008 Sunset Series Pacific Coffee Company The Beverly 51

2008 2007 38 4 12 Club@Harbour Club@Harbour Water Oasis Group Club@Harbour Katya Japan Ltd Kids WonderlandLaser Venture 1 10 Club@Harbour 52

Club Fiesta 8 Club Fiesta 53

2,366,934,097 39.06% 39.06% 67.94% 2,366,934,097 44 35.94% 60% 49% 57% 10% 60% 55

56 65% 3,000 85% 7.73 45% 44% 39.06% 0003 www.towngas.com 45.63% 1083 www.towngaschina.com

57 45% 15.8% 50% 73%

58 (I) 2.0% 1,655,774 24,472 5.9% (II) 108345.63% 100% (III)

59 3113 40%31% 29% (IV) 95.6% 96% 15.8% 10 HKCG Finance Limited S / 144A 4303 6.25% 99.319% A1 A+

31.36% 8 51 0050 www.hkf.com 83 222 60

8% 96% 96% 5% 83 222 6 61

44.21 % 0071 www.miramar-group.com : 436 57 The Mira Colin Cowie The Mira 30% 25% The Mira 80 70 The Mira Hong Kong 62

63 The Mira

65 1 2 3 33%

78% 9% 11% 2% * 2.1 2.3 15.7 20.1 12.7 6.6 2.4 21.2 17.0 20.7 5.3 9.7 95.6 115.7 * 66

89.8 78% 10.3 9% 13.1 11% 2.5 2% 115.7 100% 67

68 100%

155 100% 155 155 688 100% 688 688 69

130-2 100% 130-2 147 100% 147 70

91% 100% 55% 55% 30% 30% 40% 30% 280 71

72 100% 1 100% 1

90.1% 1 100% 100% 100% 73

74 100% 1 540 50% 1

100% 100% ( ) 1 1 75

76 100% 100%

* 2.1 2.1 155 0.7 130-2 0.4 1 1.4 1 0.3 1 0.7 1 0.5 1 0.8 4.8 688 0.7 147 0.4 2 1.0 1 2 1.0 1 0.8 2 1.4 1 0.4 1 0.4 1 2 1.0 1 1.2 4.2 2 1.0 0.7 14.2 * 77

2,090 11% 33% (%) 2033 100 1.1 2042 75 0.3 2040 100 1.0 2.4 2043 100 0.7 0.7 3.1 100% 25% 75% 37.5% 75% 78

100% Adidas TESCO 98% 30% 100% 57% 79

80 7,300 35 1,244 307

81 2008 The Mira 2008

83 2008 2007 2008 2008

2008 2008 2009 2008 2008 84

85 2008 85% 2007/08

9,173 4,658 2,737 1,565 2,625 2,484 1,741 1,592 317 101 1 12 272 189 192 131 186 133 39 42 919 791 385 212 13,492 8,356 5,095 3,554 15,472 9,818 5,707 5,883 7.54 5.19 2.78 3.11 86

5,136,000,000 61% 13,492,000,000 8,356,000,000 5,095,000,000 3,554,000,000 1,541,000,000 43% 15,472,000,000 9,818,000,0005,654,000,00058% 7.54 5.19 5,707,000,000 5,883,000,000 176,000,000 3% 2.78 3.11 938,000,000 (i) 352,000,000 (ii) ( 10 586,000,000 4,945,000,000 2.61 5,707,000,000 4,945,000,000 762,000,000 15% 2.78 4,945,000,000 2.61 7% 9,173,000,000 4,658,000,0004,515,000,000 97% 2,737,000,000 1,565,000,000 1,172,000,000 75% 2,737,000,000 1,565,000,0001,185,000,000 1,319,000,000463,000,000 941,000,000 87

2,625,000,000 2,484,000,000 141,000,000 6% 1,741,000,000 1,592,000,000 149,000,000 9% 3,872,000,000 3,492,000,000 380,000,000 11% 1,741,000,000 1,592,000,000 346,000,000 288,000,000 641,000,000 501,000,000 214% 317,000,000 101,000,000 1,000,000 12,000,000 11,000,00092% 272,000,000 189,000,000 83,000,000 44% 61,000,000 47% 192,000,000 131,000,000 186,000,000 133,000,00039,000,000 42,000,000 88

919,000,000 791,000,000 128,000,000 16% 173,000,000 82% 385,000,000 212,000,000 3,224,000,000 4,058,000,000 834,000,000 21% 1,015,000,000 579,000,000 2,209,000,000 3,479,000,0001,270,000,00037% 2,844,000,000 3,772,000,000 928,000,000 25% 833,000,000 478,000,000 2,011,000,000 3,294,000,0001,283,000,00039% (a)1,239,000,000(i) 10 2,236,000,000 (ii) 536,000,000 (iii) 249,000,000 354,000,000 1,318,000,000(b) 1,000,000 (c) 45,000,000 223,000,000 110,000,000 89

3,938,000,000 3,653,000,000 285,000,000 8% 2,976,000,000 2,328,000,000 962,000,000 1,325,000,000363,000,000 27% 576,000,000 508,000,000 520,000,000 482,000,000 4.01% 4.68% 6,706,000,000 1,982,000,000 67.50 204,162,390 3,312,000,000 325,000,000 2,534,000,000 50,000,000 778,000,000 10,000,000 90

35,626,000,000 ( 18,270,000,000 99.9% 99.8% 3,307 3,007 9,093 1,325 19,914 13,938 3,312 35,626 18,270 (15,675) (9,520) 19,951 8,750 121,220 92,219 (%) 16.5% 9.5% 9.5% 16.5% 8,166 8,961 1,055 954 8 9 91

325,000,00050,000,000 50,264,000,000 (i) 636,891,425 (ii) 6,828,000,000 10,727,000,000 92

40,000,000 29,000,000 16,703,000,000 7,652,000,000 124,000,000 58,000,000 7,3007,200 1,355,000,000 1,101,000,000 93

1 6,173 10,853 13,549 9,818 15,472 1 2 3,062 4,413 5,268 5,883 5,707 3 40,510 46,436 56,868 52,831 59,912 14,249 14,701 16,963 20,536 33,993 12,019 13,396 16,026 11,168 13,891 17,737 19,090 21,036 29,383 37,624 4 7,196 11,843 13,035 8,750 19,951 1 58,484 65,638 77,964 92,219 121,220 1 12.3% 18.0% 16.7% 9.5% 16.5% 1 3.46 5.98 7.47 5.19 7.54 1 2 1.71 2.43 2.90 3.11 2.78 1 0.90 1.00 1.05 1.10 1.10 1 32.23 36.17 42.96 47.47 56.46 1 2 3 4 94

3.5 2004 2005 2006 2007 2008 60 2004 2005 2006 2007 2008 3.0 2.5 2.0 1.5 1.0 1.71 2.43 2.90 3.11 2.78 50 40 30 20 32.23 36.17 42.96 47.47 56.46 0.5 0.90 1.00 1.05 1.10 1.10 10 0 0 2004 2005 2006 2007 2008 18 16 18.0% 16.7% 16.5% 14 12 10 8 12.3% 9.5% 55.90% 25.52% 7% 9.28% 6 4 9.30% 2 0 95

A) B) C) a) 96

b) 3.13 A.2.1 97

c) d) i) ii) D) a) 98

b) 161 16 99

c) 1 4/7 N/A 1/1 1 4/7 N/A N/A 7/7 N/A 1/1 1 4/7 N/A N/A 7/7 N/A N/A 7/7 N/A N/A 7/7 N/A N/A 6/7 N/A N/A 1 4/7 N/A N/A 7/7 N/A N/A 1 3/7 N/A N/A 7/7 N/A N/A 2 5/7 N/A N/A 7/7 2/3 N/A 7/7 N/A N/A 1 4/7 N/A N/A 7/7 3/3 1/1 7/7 3/3 1/1 7/7 3/3 1/1 1. 2. E) 100

F) 1.7 2.1 1.8 5.6 G) H) I) http://www.hld.com 101

15,400,000 2007 7,900,000 102

204,162,390 2.00 67.50 408,324,780.00 61.65 10.51% 9.51% 161 16 103

116 352 XV ( ) 1 7,269,006 1,139,381,866 1,146,650,872 53.41 1 1,139,381,866 1,139,381,866 53.07 1 1,139,381,866 1,139,381,866 53.07 1 1,139,381,866 1,139,381,866 53.07 2 111,393 111,393 0.01 3 30,000 30,000 0.00 4 252,263 19,800 272,063 0.01 5 1,000,000 1,000,000 0.05 6 2,000 2,000 0.00 7 34,779,936 2,076,089,007 2,110,868,943 69.27 7 2,076,089,007 2,076,089,007 68.13 7 2,076,089,007 2,076,089,007 68.13 7 2,076,089,007 2,076,089,007 68.13 8 6,666 6,666 0.00 9 1,001,739 1,001,739 0.03 10 3,903,670 2,705,807,442 2,709,711,112 40.65 10 2,705,807,442 2,705,807,442 40.59 10 2,705,807,442 2,705,807,442 40.59 10 2,705,807,442 2,705,807,442 40.59 11 60,500 60,500 0.00 104

12 7,799,220 111,732,090 119,531,310 33.55 12 111,732,090 111,732,090 31.36 12 111,732,090 111,732,090 31.36 12 111,732,090 111,732,090 31.36 13 150,000 150,000 0.04 14 465,100 465,100 0.13 15 2,250 2,250 0.00 16 255,188,250 255,188,250 44.21 16 255,188,250 255,188,250 44.21 16 255,188,250 255,188,250 44.21 16 255,188,250 255,188,250 44.21 17 2,705,000 2,455,000 5,160,000 0.89 18 893,172,901 893,172,901 45.63 18 893,172,901 893,172,901 45.63 18 893,172,901 893,172,901 45.63 18 893,172,901 893,172,901 45.63 19 8,190 8,190 100.00 A A 20 3,510 3,510 100.00 B B 21 35,000,000 15,000,000 50,000,000 100.00 19 8,190 8,190 100.00 A A 20 3,510 3,510 100.00 B B 21 15,000,000 15,000,000 30.00 105

19 8,190 8,190 100.00 A A 20 3,510 3,510 100.00 B B 21 15,000,000 15,000,000 30.00 19 8,190 8,190 100.00 A A 20 3,510 3,510 100.00 B B 21 15,000,000 15,000,000 30.00 Best Homes 22 26,000 26,000 100.00 Limited 22 26,000 26,000 100.00 22 26,000 26,000 100.00 22 26,000 26,000 100.00 23 5,000 5,000 4.49 24 3,250 3,250 2.92 25 5,000 5,000 10,000 100.00 26 2,000 2,000 20.00 106

Furnline 27 3 3 100.00 Limited A (A ) 28 1 1 100.00 B B 27 3 3 100.00 A (A ) 28 1 1 100.00 B B 27 3 3 100.00 A (A ) 28 1 1 100.00 B B 27 3 3 100.00 A (A ) 28 1 1 100.00 B B 29 50 50 5.00 30 4,000 6,000 10,000 100.00 31 100 100 100.00 31 100 100 100.00 31 100 100 100.00 31 100 100 100.00 Perfect Bright 32 3 3 100.00 Properties Inc. A (A ) 33 1 1 100.00 B B 32 3 3 100.00 A (A ) 33 1 1 100.00 B B 32 3 3 100.00 A (A ) 33 1 1 100.00 B B 32 3 3 100.00 A (A ) 33 1 1 100.00 B B Pettystar 34 3,240 3,240 80.00 Investment 34 3,240 3,240 80.00 Limited 34 3,240 3,240 80.00 34 3,240 3,240 80.00 107

( ) 336 Rimmer (Cayman) Limited 1 1,139,381,866 53.07 Riddick (Cayman) Limited 1 1,139,381,866 53.07 Hopkins (Cayman) Limited 1 1,139,381,866 53.07 1 1,138,015,800 53.01 Yamina Investment Limited 1 553,707,300 25.79 Believegood Limited 1 237,315,300 11.05 South Base Limited 1 237,315,300 11.05 Cameron Enterprise Inc. 1 145,090,000 6.76 Third Avenue Management LLC 140,224,813 6.53 Third Avenue Management LLC Third Avenue Value Fund 35 103,328,000 5.32 108

1. 7,269,006 1,139,381,866(i) 570,743,800 ( ) (ii) 7,962,100 (iii) 145,090,000 Cameron Enterprise Inc. 237,315,300 South Base Limited Believegood Limited 61,302,000 Jayasia Investments Limited Prosglass Investment Limited 55,000,000 Mei Yu Ltd. Fancy Eye Limited 55,000,000 World Crest Ltd. Spreadral LimitedCameron Enterprise Inc. South Base Limited Jayasia Investments Limited Mei Yu Ltd. World Crest Ltd. Yamina Investment Limited Yamina Investment Limited (iv) 5,602,600 ( ) Superfun Enterprises Limited ( ) 39.06% 53.01% (v) 1,366,066 ( ) Hopkins (Cayman) Limited ( Hopkins ) () Rimmer (Cayman) Limited ( Rimmer ) Riddick (Cayman) Limited ( Riddick ) Hopkins Rimmer Riddick 2. 3. 4. 252,263 19,800 50% 5. 6. 7. 34,779,936 2,076,089,007(i) Kingslee S.A. Gainwise Investment Limited 802,854,200602,398,418363,328,900 217,250,000 84,642,341 (ii) 5,615,148 ( 1) 8. 9. 10. 3,903,670 2,705,807,442(i) Timpani Investments Limited Medley Investment Limited 1,402,419,759585,912,251Chelco Investment Limited Macrostar Investment Limited615,295,494 Timpani Investments Limited Chelco Investment Limited Faxson Investment Limited Faxson Investment Limited (ii) 4,799,430 Yamina Investment LimitedBoldwin Enterprises Limited (iii) 97,380,508 ( 1) 109

11. 12. 7,799,220 111,732,090(i) Pataca Enterprises Limited Graf Investment Limited Mount Sherpa Limited Paillard Investment Limited 23,400,000 (ii) 41,532,090 Max-mercan Investment Limited Wiselin Investment LimitedMax-mercan Investment Limited Camay Investment Limited Camay Investment Limited 100%(1)() 13. 14. 15. 16. Aynbury Investments Limited Higgins Holdings Limited Multiglade Holdings Limited Threadwell Limited 100,612,750 79,121,500 75,454,000 ( 1) 17. 2,705,000 2,455,000 50% 18. Hong Kong & China Gas (China) Limited Planwise Properties Limited Superfun Enterprises Limited (10) 19. Hopkins 20. Hopkins 21. 35,000,000 15,000,000 110

22. (i) 10,400 (ii) 2,600 (iii) 13,000 Manifest Investments LimitedWealth Sand Limited Manifest Investments Limited 50% Firban Limited Wealth Sand Limited 70% Perfect Bright Properties Inc. Furnline Limited Firban Limited 50% Jetwin International Limited Perfect Bright Properties Inc. Furnline LimitedA ( A) APerfect Bright Properties Inc. Furnline Limited Firban Limited Triton (Cayman) Limited Jetwin International Limited Triumph (Cayman) Limited Victory (Cayman) Limited Triton (Cayman) Limited Triumph (Cayman) Limited Victory (Cayman) Limited 23. Gilbert Investment Inc. 24. 50% Fong Fun Investment Inc. Coningham Investment Inc. 25. (i) 5,000 Applecross Limited (ii) 5,000 ( ) Andcoe Limited ( ) 26. 27. Jetwin International Limited 28. 29. 30. (i) 4,000Applecross Limited (ii) 6,000Andcoe Limited () 31. (i) 80 (ii) 10 (iii) Perfect Bright Properties Inc. Furnline Limited 5Jetwin International Limited Perfect Bright Properties Inc. Furnline Limited A ( A) A Perfect Bright Properties Inc. Furnline Limited 32. Jetwin International Limited 33. 34. (i) 3,038 (ii) 202 Perfect Bright Properties Inc. Furnline Limited 50% Jetwin International Limited Perfect Bright Properties Inc. Furnline Limited A ( A) A Perfect Bright Properties Inc. Furnline Limited 35. Third Avenue Management LLC140,224,813103,328,000 1,942,580,000 111

( ) (i) (ii) (iii) () ( ) (iv) (v) ( ) ()( ) (iii) (iv) ( ) ( 470 ) ( ) 50% 40% 112

( )(ii) Best Homes Limited Pettystar Investment Limited Quickcentre Properties Limited 2.5% 14A (i) 539 113

(a) (b) ) 100% (a) (b) (c) ( ) (d) (a)(b)(c) (d) (ii) (1) 100% (2) 25%50% Quickcentre Properties Limited 50% ( ) ( ) 155 107,306 114

(iii) 35.94% (a) (b) 10% Greyhound Investments L.P. (c) Pearl Assets Limited (d) Sino Grand Investments Limited ( ) (a) (d) (iv) (1) 100% (2) Gainford Resources Limited Gainford 23.57% 100% 104 206 23.57% (v) (a) (1) Furnline Limited FurnlinePerfect Bright Properties Inc. Perfect Bright 100% (2) Jetwin International Limited Jetwin Furnline Perfect Bright B 115

539 7898 A 60% 39 Furnline Perfect Bright Jetwin 60% 60% Furnline Perfect Bright Jetwin Furnline Perfect Bright Jetwin (b) Furnline Perfect Bright 40% Cityline Venture Limited (c) Carry Express Investment Limited ( Carry Express ) Carry Express Carry Express ( )a) b) c) d) 116

(a)(b) (c) (d) (a)(b) (c) (d) ( ) 2,366,934,097 39.06% (i) 636,891,425 (ii) 0.2091.03 1.21 636,891,425 432,729,035 204,162,390 ( ) 117

8.10 ( ) 30% ( ) 30% 4% 6% 2% 5% 2,393,0002007 1,630,000 2007 118

566,000 2007 647,000 203,700 2007 38,000 48,212,0002007 41,437,000 119

79 ( ) Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited Believegood Limited Cameron Enterprise Inc. 45 ( ) 57 () () Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited Believegood Limited 37 ( ) Believegood Limited 59 120

61 () Believegood Limited 61 82 Yamina Investment Limited Believegood Limited Cameron Enterprise Inc. South Base Limited 70 ( ) Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited Yamina Investment Limited Believegood Limited Cameron Enterprise Inc. South Base Limited 62 ( ) 51Babson College () 56 ( ) ( )() 121

79 74 ( ) 59 71 Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited Cameron Enterprise Inc. 46 ( ) ( ) 59 122

57 () (Bell Labs) 57 ( ) 51( ) 55 ( ) () 47 55 123

51 409 54 () 47 ( ) 60 50 Monash 45 48 124

126 127 128 130 131 133 193 197 198

127198 141 126

2008 2007 13,492 8,356 (7,345) (3,647) 6,147 4,709 326 349 297 25 (197) 145 (886) (726) (1,249) (1,015) 4,438 3,487 (a) 6,706 1,982 11,144 5,469 (a) (576) (508) 10,568 4,961 3,224 4,058 3,938 3,653 17,730 12,672 (a) (1,410) (698) 16,320 11,974 (a) 15,472 9,818 (a) 848 2,156 (a) 16,320 11,974 859 777 1,503 1,360 2,362 2,137 (a) 7.54 5.19 (b) 2.78 3.11 133 198 127

2008 2007 2008 2007 59,912 52,831 186 179 1,006 1,034 97,000 53,983 33,993 20,536 297 365 13,891 11,168 126 125 268 2,164 2,090 (c) 129 109 111,549 87,947 97,423 54,473 4,840 2,035 37,624 29,383 5,072 3,525 55 25 154 67 15,675 9,520 1 1 63,365 44,530 56 26 420 63,365 44,950 56 26 4,589 4,397 28 105 3,307 3,007 879 737 8,775 8,141 28 105 1 8,775 8,142 28 105 128

2008 2007 2008 2007 54,590 36,808 28 (79) 166,139 124,755 97,451 54,394 29,007 15,263 3,312 1,872 2,447 309 (c) 7,441 6,301 41,941 24,011 124,198 100,744 97,451 54,394 4,294 3,886 4,294 3,886 116,926 88,333 93,157 50,508 121,220 92,219 97,451 54,394 2,978 8,525 124,198 100,744 97,451 54,394 133 198 129

2008 2007 (a) 100,744 93,783 2,096 805 (32) 64 (80) 326 2,048 1,131 1 13 (14) 19 (13) 32 16,320 11,974 18,355 13,137 17,439 10,787 916 2,350 18,355 13,137 (2,219) (2,040) (275) (5,281) (16,112) (90) 10,125 174 470 (367) (2,594) (304) (1,853) 408 256 13,373 13,781 5,252 5,508 (a) 124,198 100,744 133 198 130

2008 2007 17,730 12,672 : (309) (382) (44) (16) 17 (71) 12 (10) (352) 27 24 203 81 3 (b) (150) (36) (1) 2 13 (6,706) (1,982) 576 508 173 115 (3,224) (4,058) (3,938) (3,653) (232) (61) 4,027 2,904 (388) 209 22 19 (2,417) (771) (332) (2,226) (308) (498) (8) (9) (87) (44) 129 (105) (590) 1,291 51 51 99 821 51 91 (379) (262) (213) (36) (442) 614 131

2008 2007 (994) (974) 1,229 63 (608) (33) 299 (150) (180) 6,496 (535) (64) (252) 34 103 12 (a) (3,656) (b) 440 1,771 (760) (68) 242 312 32 20 1,272 929 1,371 314 8 44 16 (1,323) 8,056 (315) (1,757) 13,031 9,357 (2,244) (11,900) 3,309 (661) 371 (1,095) (993) 5,508 (2,219) (2,040) (2,331) (90) (275) (5,281) 7,200 (6,825) 5,435 1,845 9,427 7,458 721 124 15,583 9,427 133 198 132

(a) ( ) (f) 133

(b) (c) ( ) (f) (g) (i)(i) (z) (m) 134

(d) (e) (z) (e) (m) (z) (m) (m) 135

(f) (g) (h) (i) (m) (w)(viii) (m) h (i) (l) (w)(ii) (l)(i) (l) y (m) 136

137 (i) (ii) (j) (m) y (j) (i) (ii) (iii) (iv) 5 2 10 (k) (m)

138 (l) (i) (i)(i) (ii) (i)(i) (n)(ii) (m) (i) (m)(ii)

139 (m) (i) (ii) (z)

140 (m) (ii) (n) (i) (ii) y (iii) (iv)

(o) (p) (q) (r) (s) (t) (w)(iv) (m) (m) (v)(i) (i) (ii) 141

(u) (i) (ii) (iii) (iv) 142

143 (v) (i) (i) (ii) (v)(ii) (ii) (w) (i) (ii) (iii) (iv)

144 (w) (v) (vi) (vii) (viii) (x) (y) (z)

145 (aa) (i) (ii) (iii) (iv) (v) (i) (vi) (ab) (i) (ii)

(iii) (iv) (c) (a) (b) 146

(b) 2008 32,314 34,418 4,050 9,736 20,632 3,312 5,170 203 203 610 4,154 1,872 1,898 26 1,872 177 177 177 123 123 123 2,912 2,912 2,833 79 556 556 295 186 72 3 41,266 45,254 7,707 12,076 21,314 4,157 2007 18,270 20,707 3,654 1,999 15,054 2,447 2,548 101 2,447 108 108 108 212 212 212 2,249 2,249 1,940 309 500 500 276 149 74 1 23,786 26,324 6,291 4,904 15,128 1 147

(b) 2008 2007 (6,759) (292) (292) (877) (5,298) 6,956 314 314 941 5,387 2008 2007 9 9 9 91 91 91 10 10 10 7 7 7 9 9 9 7 7 7 148

(c) 2008 3.25%-9% 3,081 2.25%-7.25% 185 2.4%-5.25% 190 0.1%-2.58% 7,561 0.42%-2.8% 8,114 1.31%-9.29% (32,314) 6.06%-6.38% (3,234) 3.35% (78) 1.31%-3.75% (1,872) 2007 6.75%-11.5% 2,261 4.25%-9.75% 200 4.98%-7.75% 171 0%-3.1% 3,480 0.5%-5.4% 6,040 4.11%-7.75% (18,270) 4.11%-5.88% (2,447) (i) 325,000,000 50,000,000 149

(c) (d) (i) (ii) (b) 5.241% 5.735% 268,000,000 309,000,000 100 100 505,000,000 283,000,000 40,000,000173,000,000 (i) (ii) 325,000,00050,000,000 (c)(i) 5% 5% 150

(e) 10% 10% (f) (g) (i) (ii) 111,000,000 60,000,000 (i) (ii) (iii) 151

2008 2007 9,173 4,658 2,625 2,484 317 101 272 189 186 133 919 791 13,492 8,356 920,000,000 1,013,000,000 2008 2007 243 269 13 19 70 61 326 349 227 54 71 (12) 1 (2) (3) (17) 1 2 297 25 152

2008 2007 (i) 150 36 10 352 63 (81) (ii) (266) (27) (24) (13) (iii) (84) (127) (41) (197) 145 : (i) (ii) (iii) 470,000,000 150,000,000 (b) 257,000,000 84,000,000 2008 2007 (a) 807 853 82 101 166 41 36 1,096 990 * (520) (482) 576 508 * 1.82% 6.37% : 4.57% 4.81% 153

2008 2007 (b) 1,307 1,060 48 41 1,355 1,101 (c) 144 100 (2) (1) 142 99 20 6 11 10 (i) 5,606 2,309 213 138 20 20 714,000,000 : 722,000,000 (ii) (1,464) (1,341) (278) (251) (28) (14) (16) (2) (i) (ii) 141,000,000 118,000,000 154

(a) 2008 2007 467 305 3 18 470 323 171 48 40 9 211 57 50 981 354 (302) (36) 679 318 1,410 698 17.5% 16.5% 75% 25,000 16.5% 17.5% 16.5% 302,000,000 30% 60% 25% 33% 36,000,000 155

(b) 2008 2007 17,730 12,672 2,957 2,190 (1,182) (1,349) 34 18 (123) (157) 121 72 (29) (41) (7) (26) (138) (a) (302) (36) (2) 43 27 38 1,410 698 (c) 634 4,921 356 376 14 (417) 3 5,887 5 (1) 1 5 (2) 302 (29) (1) 48 318 2 (9) 130 (2) 121 (18) (131) 11 (1) (139) 619 5,093 318 506 14 (358) 6,192 619 5,093 318 506 14 (358) 6,192 12 3 2 17 61 570 (66) (6) (2) 122 679 13 (6) 7 420 420 (8) (4) 9 (3) 684 5,675 252 920 14 (227) (6) 7,312 156

(c) 2008 2007 (129) (109) 7,441 6,301 7,312 6,192 (d) 2008 2007 36 6 389 68 (a) 744 123 1,007 176 2,376 392 1,560 273 (b) 125 30 525 131 3,281 551 3,481 648 (a) (b) 157

161 2008 70 10,439 10,509 70 13,819 12 13,901 70 7,095 34,000 395 41,560 70 10,820 443 11,333 50 6,069 28,060 337 34,516 50 7,471 8,700 346 16,567 70 4,593 6,515 255 11,433 70 3,585 160 3,815 50 3,828 3,550 212 7,640 70 70 70 3,637 147 3,854 120 4,532 205 4,857 70 70 70 430 500 50 50 70 70 70 430 500 70 430 500 70 430 500 1,300 77,608 80,825 2,512 162,245 158

161 2007 70 8,820 8,890 70 12,958 12 13,040 70 6,567 19,490 364 26,491 70 7,490 324 7,884 50 5,402 15,000 301 20,753 50 7,650 5,000 331 13,031 70 4,170 5,200 232 9,672 70 2,767 154 2,991 50 3,664 2,142 203 6,059 70 70 70 2,701 134 2,905 120 3,985 193 4,298 ^ 25 25 70 70 70 430 500 50 50 70 70 ^ 70 430 500 70 430 500 70 430 500 1,325 67,894 46,832 2,248 118,299 ^ 159

5 44 11 2008 2007 5,092 5,808 7,000 11,714 281 196 12,373 17,718 31,495,000,000 12,229,000,000 (a) 2008 2007 4 4 859 777 7 7 1,503 1,360 2,362 2,137 (b) 2008 2007 7 6 5 1,360 1,263 160

(a) (b) 15,472,000,000 9,818,000,000 2,052,000,000 1,892,000,000 2008 2007 15,472 9,818 (6,706) (1,982) 732 303 (1,015) (579) (2,976) (2,328) 200 651 5,707 5,883 2.78 3.11 161

9,173 2,625 317 272 186 919 13,492 3 7 3 1 13 56 83 9,176 2,632 320 273 199 975 13,575 173 1,835 1 65 (2,074) 9,176 2,805 2,155 273 200 1,040 (2,074) 13,575 2,709 1,792 85 192 39 401 5,218 28 (51) (84) (16) (123) 2,737 1,741 1 192 39 385 5,095 243 (27) (27) (873) 4,438 6,706 (576) 10,568 (i) 3,224 (ii) 3,938 17,730 (1,410) 16,320 162

48,899 54,762 287 1,464 1,855 2,741 (198) 109,810 33,993 13,891 17,220 174,914 2,017 788 827 56 15 600 (198) 4,105 46,611 50,716 (4) (10) (2) (51) (54) (52) 10,769 115 1 52 6 163

4,658 2,484 101 189 133 791 8,356 6 2 4 4 64 80 4,658 2,490 103 193 137 855 8,436 149 732 1 32 (914) 4,658 2,639 835 193 138 887 (914) 8,436 1,508 1,625 53 131 43 211 3,571 57 (33) (41) (1) 1 (17) 1,565 1,592 12 131 42 212 3,554 269 (24) (24) (312) 3,487 1,982 (508) 4,961 (i) 4,058 (ii) 3,653 12,672 (698) 11,974 164

38,764 45,820 131 1,615 1,885 2,709 (253) 90,671 20,536 11,168 10,522 132,897 2,248 775 423 97 66 673 (253) 4,029 28,124 32,153 (9) (1) (32) (21) (52) 5,313 220 2 174 43 165

11,302 2,190 13,492 69 14 83 11,371 2,204 13,575 78,504 31,504 6,833 4,110 7,954 402 8,356 69 11 80 8,023 413 8,436 71,729 19,195 3,497 2,255 (i) (ii) 983,000,000 1,094,000,000 1,258,000,000 821,000,000 1,015,000,000 579,000,000 390,000,000 795,000,000 3,342,000,000 2,712,000,000 2,976,000,000 2,328,000,000 166

(a) 54,167 657 601 332 877 560 801 57,995 273 59 4 336 427 541 2 187 173 89 1,419 (1,441) (1,441) (46) (32) (57) (135) 1,982 1,982 (5,183) (346) (5,529) (75) (75) 355 (1,064) (709) 50,179 852 956 302 792 762 53,843 852 956 302 792 762 3,664 50,179 50,179 50,179 852 956 302 792 762 53,843 150 54 118 161 644 1,127 18 3 21 17 4 21 58 100 (4) (56) (60) (58) (58) (118) (118) 167 54 200 591 1,012 50,179 852 789 248 592 171 52,831 167

(a) 50,179 852 956 302 792 762 53,843 568 69 11 648 1,665 65 1,730 223 1,074 135 1,432 (12) (12) (244) (32) (276) (1,522) (70) (1,592) 6,706 77 6,783 (8) (8) (1,170) (324) (1,494) 1,668 (1,498) (183) (13) 58,073 104 944 164 861 895 61,041 104 944 164 861 895 2,968 58,073 58,073 58,073 104 944 164 861 895 61,041 167 54 200 591 1,012 22 7 29 23 4 40 77 144 46 46 (5) (5) (68) (68) (8) (8) (21) (21) 190 32 262 645 1,129 58,073 104 754 132 599 250 59,912 168

(b) 2008 2007 8,487 5,780 44,271 41,124 52,758 46,904 6,904 5,756 59,662 52,660 (c) (d) 2008 2007 256 232 27 24 283 256 77 61 9 6 (c) 11 10 97 77 186 179 169

2008 2007 231 235 773 799 1,004 1,034 2 1,006 1,034 2008 2007 2,493 2,493 (93) (93) 2,400 2,400 106,398 59,898 (11,798) (8,315) 97,000 53,983 193 196 170

2008 2007 2008 2007 161 163 1,109 897 1,242 1,255 185 251 2,351 2,152 346 414 (49) (49) 2,351 2,152 297 365 31,642 18,384 33,993 20,536 297 365 51,905 42,831 10,727,000,000 (c) 131,000,000 (150,000,000 )54,000,000 (50,000,000 ) 3%( 3.5%)2%( 2% ) 197 64,265 (20,455) 43,810 19,165 7,938 58,418 (21,643) 36,775 17,211 10,478 2,236,000,000 171

2008 2007 2008 2007 10,712 8,644 3,179 2,524 126 125 13,891 11,168 126 125 15,000,000 9,000,000175,000,000 ( 162,000,000 ) ( ) 0.5% ( 0.5%) 198 2008 2007 19,931 16,350 2,958 3,142 (10,849) (9,342) (1,328) (1,506) 10,712 8,644 7,535 7,367 (3,597) (3,714) 3,938 3,653 172

2008 2007 268 309 325,000,000 () 50,000,000 () 2008 2007 111 60 866 944 85 67 1,062 1,071 1,003 909 99 110 2,164 2,090 951 1,011 9,000,000 17,000,000 ( ) 32,000,000 27,000,000 ( ) 173

3,953,000,000 1,368,000,000 561,000,000 ( 561,000,000 ) 2008 2007 8,007 6,548 24,638 14,943 4,900 7,829 37,545 29,320 79 63 37,624 29,383 2008 2007 2,619 2,185 21,558 19,015 24,177 21,200 3,534 2,281 9,371 5,839 463 13,368 8,120 37,545 29,320 19,619 15,672 174

2008 2007 2008 2007 ( ) 2,078 1,352 2,540 1,722 55 25 48 40 393 364 13 47 5,072 3,525 55 25 413,000,000 510,000,000 (a) ( ) 2008 2007 2008 2007 1,594 1,530 792 79 147 82 492 270 3,025 1,961 (b) (a) 175

(c) 2008 2007 2008 2007 223 157 4 2 (63) 81 (6) (17) 158 223 (d) 95% 90% 79% 82% 474,000,000539,000,000 261,000,000 270,000,000 60% (a) 60% 176

2008 2007 426 140 (378) (100) 48 40 48 40 2008 2007 2008 2007 8,114 6,040 7,561 3,480 1 1 15,675 9,520 1 1 2 (92) (95) 15,583 9,427 177

2008 2007 2008 2007 2,912 2,249 9 91 556 500 821 1,328 177 108 10 7 123 212 9 7 4,589 4,397 28 105 (i) (ii) 340,000,000 533,000,000 2008 2007 2008 2007 683 450 290 273 183 67 877 649 2,033 1,439 (iii) 178

2008 2007 40 29 32,274 18,241 32,314 18,270 : 2008 2007 3,307 3,007 9,093 1,325 19,914 13,938 29,007 15,263 32,314 18,270 ( ) 325,000,000 50,000,000 315,000,000 50,000,000 6.06% 6.38% 10,000,000 179

70,000,000 75,000,000 21,000,000 2007 3 415 2 420 1 1 419 180

(a) 3,630 11,157 64 20 230 131 23 62,709 77,964 15,819 93,783 672 672 133 805 256 5,252 5,508 5,508 269 269 57 326 9 9 4 13 (56) 56 19 19 19 9,818 9,818 2,156 11,974 2 (2) 174 174 (2,594) (2,594) b (1,263) (1,263) (1,263) a (777) (777) (777) (5,281) (5,281) (90) (90) (1,853) (1,853) 3,886 16,409 8 20 921 409 25 70,541 92,219 8,525 100,744 181

(a) 3,886 16,409 8 20 921 409 25 70,541 92,219 8,525 100,744 2,019 2,019 77 2,096 408 13,373 13,781 13,781 64 64 64 (80) (80) (80) (32) (32) (32) 1 1 1 (5) (5) (9) (14) 15,472 15,472 848 16,320 20 (20) 470 470 10,125 10,125 (367) (367) b (1,360) (1,360) (1,360) a (859) (859) (859) (275) (275) (16,112) (16,112) (304) (304) 4,294 29,782 72 20 2,935 329 (31) 45 83,774 121,220 2,978 124,198 182

(b) 3,630 11,157 20 23,890 38,697 256 5,252 5,508 12,229 12,229 b ) (1,263) (1,263) a (777) (777) 3,886 16,409 20 34,079 54,394 3,886 16,409 20 34,079 54,394 408 13,373 13,781 31,495 31,495 b (1,360) (1,360) a (859) (859) 4,294 29,782 20 63,355 97,451 (c) 2008 2007 2008 2007 2,600 2,600 5,200 5,200 1,943 1,815 3,886 3,630 204 128 408 256 2,147 1,943 4,294 3,886 183

(c) (d) 2636,891,425 636,891,425 432,729,035 432,729,035 67.50 204,162,390 408,000,000 13,373,000,000 43.05 128,000,000 43.031 128,000,000 2,400,000 256,000,000 5,252,000,000 (i) (ii) (iii) (iv) (v) (vi) 48B 49H x f h 10% 50% 184

(e) (f) 63,355,000,000 34,079,000,000 7 7 1,503,000,000 1,360,000,000 2008 2007 3,307 3,007 9,093 1,325 19,914 13,938 3,312 35,626 18,270 (15,675) (9,520) 19,951 8,750 121,220 92,219 (%) 16.5% 9.5% 185

(a) 2008 2007 1,684 1 316 238 5,422 90 (2,860) (146) (19) (420) 4,306 (470) 3,836 (4) 3,832 (3,746) (86) (3,832) (3,746) 90 (3,656) 186

( ) (b) 2008 2007 275 1,441 430 1 4 428 1 (3) (17) (2) (3) (139) 701 1,715 (367) 334 1,715 (14) 19 150 36 470 1,770 441 1,771 30 (1) (1) 470 1,770 441 1,771 (1) 440 1,771 2008 2007 (i) 3,343 4,065 (ii) 13,360 3,587 16,703 7,652 187

(a) 2008 2007 1,966 1,640 1,314 1,059 40 9 3,320 2,708 (b) 71,000,000 64,000,000 2008 2007 55 55 33 70 88 125 188

2008 2007 2008 2007 (a) (b) (c) 2 6 29,430 18,242 3,312 2 6 32,742 18,242 (d) (e) 30,000,000 31,000,000 92,000,000 21,000,000 189

(a) 2008 2007 (i) 37 45 (iii) 6 3 (b) 2008 2007 (i) 17 37 (ii) 207 93 (iii) 23 10 (iii) 3 13 (iii) 33 60 (iii) 61 50 (c) 2008 2007 (iii) 13 (iii) 1 7 8% 3,000,000 3,000,000 1,000,000 6,000,000 (iii) (i) (ii) (iii) (iv) 190

(d) (i) (ii) (iii) (iv) 398,000,000 81,000,000 536,000,000 2,082,000,000 539 549,000,000 2,615,000,000 25% 3,269,000,00025% 5,000,000 26,000,000 1B 3960% 730,000,000 2,925,000,000 25% 60% 60% 2,194,000,00060%25% 191

(e) (f) 332,000,000 264,000,000 (a) 192

(a) (i) 2 1 100 I 2 1 100 I 2 1 100 Ohtori Investment Limited I 2 1 100 I 2 1 100 10,000 1 100 I 1,000 1 90.10 (ii) I 50,000,000 100 100 I 75,000,000 100 100 I 655,000,000 100 100 I III 460,000,000 100 100 I 353,340,000 100 80 (b) I 2 1 100 I 2 100 100 1,002 100 100 I 2 100 100 2 1 100 I A 500 100 100 B 2 100 I 2 1 100 I 2 1 100 I 2 1 100 I 2 1 100 193

(b) I A 2 1 100 B 2 1 A 20,000 100 100 10,000 1 100 (c) (i) (ii) 100,000 1 100 I 2 1 100 1,000 1 100 10 1 60 I 10,000 1 100 250,000 100 100 1,000 100 100 Henderson Land Credit (2004) Limited 2 1 100 Henderson Land Credit (2006) Limited 1 1 100 2 1 100 I 2 1 100 I 1,000,000 1 100 2 1 100 2 1 100 St. Helena Holdings Co. Limited 3 1 100 West Chelsea Holdings Co. Limited 2 1 100 126,677,935 1 100 (d) 350,000 100 100 500 100 100 2 1 100 2 100 100 194

(e) (i) 2 1 100 100,000 100 100 I 38,800,000 1 100 I 1 1 100 2 1 100 (ii) I 9,560,000 100 100 (f) (i) (ii) (iii) 2 1 100 300,000 1,000 100 3,047,327,395 0.20 67.94 2 1 100 I 10,000 1 64 Kingslee S.A. I 2 1 100 (g) I 2 1 100 Citistore (Hong Kong) Limited I 1 1 100 195

(h) I 1,000 100 100 I 2 1 100 2 1 100 I 2 1 100 2 1 100 I 2 1 100 2 1 100 I 2 1 100 I 1 1 100 (i) 200,000,000 60 60 II 99,450,000 49 80 60 70 II 23,680,000 70 80 60 70 I II III 196

39.06, 31.36 44.21 Shinning Worldwide Limited 45 33.33 197

50 Billion Ventures Limited 50 Central Waterfront Property Investment Holdings Limited 34.21 Newfoundworld Holdings Limited 20 25 49.18 50 50 198

72-76 (852) 2908 8888 (852) 2908 8838 http://www.hld.com henderson@hld.com 46 : 12 HLDCY 425166303 199

GBM, DBA (Hon), DSSc (Hon), LLD (Hon) BSc, ACIB, MBIM, FCILT LLB, FCIS OBE, ACA, FCCA, FCPA, FCIB, FHKIB LLB, FCIS ( ) BSc, C Eng, FICE, FHKIE, RPE ( ) BA (AS), B Arch (Dist), MSc (Con P Mgt), EMBA, FHKIA, MAPM, RIBA, Authorised Person (Architect), Registered Architect (HK) PRC Class 1 Registered Architect Qualification JP, MSc, MEcon, FHKIS, MRICS, MCIArb, RPS (GP) BA (Hons), MHKIP, MRTPI, MCIP, RPP (HK), MCILT, MCIArb, AHKIArb MSc, PGDMS, FHKIS, FRICS, RPS (GP) JP, BSc, FICE, FHKIE, FIHT, FHKIHT, RPE BSc (Eng), C Eng, MICE, MIStructE, MHKIE, RPE, AP, RSE, RGE, 1RSE-PRC FRICS, FHKIS, RPS (GP), CIREA BHum (Hons) ACIS, FHIREA 200

MH, FHIREA BSc, MBA FRICS, MHKIS, AACI BSc, MSc, Post-Graduate Diploma in Surveying, ACIB BSc, ACIB, MBIM, FCILT MSc, MBA, BBA, DMS, MIHRM BEc, FCPA, CA (Aust), FCS, FCIS BSc (Econ), ACA FCCA, CPA B Comm, CMA BSc, Grad Dip Com (IS) BBA 201

() : ( ) ( ) ( ) ( ) ( ) : (A) (a) (b) (b) ( (c) ) () 2.00 (a) (c) (i) (ii) (iii) (B) (a) ( ) ( ) ( (i) ( ) (ii) (iii) (iv) ) (b) (A) ( ) 202

(C) (A) (B) ( ) ( ) (a) 78 (b) 123 72-76 : ( ) 72-76 ( ) ( ) ( ) ( ) ( ) 17 1712-1716 ( ) ( ) (A) ( ) ( ) (B) (C) B ( )(A) 203

204