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17 17.15 17.21 2015 12 312016 3 31 16.5% B5 [] [] 2016 3 31 144

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[] []%[] 3,000 4,000 []%[]2,500 3,500 []%[] []%[] []%[] []%[] [][][] [][][] [] 146

2016 12 31 2017 2017 2018 6 30 12 31 6 30 [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] [] 147

2016 12 31 4 1 1 4 2 2 [] [] [] 148

2017 6 30 1 Xyvision [] [] [] 1 3 1 [] [] [] [] 149

2017 12 31 1 Xyvision 2 2 4 [] [] [] [] 2 3 [] [] [] [] 150

2018 6 30 [] [] [] [] [] [] 2018 12 31 [] 151

[] [] 152

[]% [][] [] [] [] [] 153

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[] [] [][][] [][] [] []% [] [] [] [][][] [] [] [] 2016 12 31 [][] 160

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10 8 20142015 12 312016 3 31 20142015 12 312016 3 31 [ ] 2016 4 202219613 [ ] B1(b) GenNex Investment Holdings Limited I-1

12 31 B20 B 20142015 12 31 2016 3 31 [] 3.340 2016 3 31 B1(b) 20142015 12 312016 3 31 I-2

2410 2015 3 31 I-3

A 1 B 12 31 3 31 2014 2015 2015 2016 3 64,663 78,792 19,400 20,236 (31,138) (39,700) (8,443) (7,809) 33,525 39,092 10,957 12,427 (12,486) (11,550) (2,666) (3,049) (9,678) (12,016) (1,893) (2,908) [] [] 4 11,361 15,526 6,398 5,061 5 (1,897) (2,561) (1,056) (1,068) 9,464 12,965 5,342 3,993 I-4

2 B 12 31 3 31 2014 2015 2016 9 2,615 5,024 4,561 691 2,079 2,079 3,306 7,103 6,640 ----------- ----------- ----------- 10 17,002 13,796 19,753 11 4,134 3,296 7,141 12 2,238 1,150 1,487 13(a) 16,582 29,242 23,532 39,956 47,484 51,913 ----------- ----------- ----------- 14 1,853 2,280 1,694 11 712 1,280 1,408 14 4,649 8,000 7,984 5(c) 6,682 530 1,030 13,896 12,090 12,116 ----------- ----------- ----------- 26,060 35,394 39,797 ----------- ----------- ----------- 29,366 42,497 46,437 5(d) 103 269 216 29,263 42,228 46,221 15 3,680 3,680 3,680 25,583 38,548 42,541 29,263 42,228 46,221 I-5

3 B 2014 1 1 3,680 16,119 19,799 2014 12 31 9,464 9,464 2014 3 3 15(c) 3,680 (3,680) 2014 12 31 3,680 25,583 29,263 2015 1 1 3,680 25,583 29,263 2015 12 31 12,965 12,965 2015 12 31 3,680 38,548 42,228 2016 1 1 3,680 38,548 42,228 2016 3 31 3,993 3,993 2016 3 31 3,680 42,541 46,221 I-6

B 2015 1 1 3,680 25,583 29,263 2015 3 31 5,342 5,342 2015 3 31 3,680 30,925 34,605 I-7

4 B 12 31 3 31 2014 2015 2015 2016 13(b) 4,072 25,699 (1,919) (4,599) (8,547) (6,564) (621) 4,072 17,152 (8,483) (5,220) -------- -------- -------- -------- (153) (4,513) (34) (21) 21 (153) (4,492) (34) (21) -------- -------- -------- -------- [] (469) (469) -------- -------- -------- -------- 3,919 12,660 (8,517) (5,710) 12,663 16,582 16,582 29,242 13(a) 16,582 29,242 8,065 23,532 I-8

B 1 (a) 21 2015 3 31 (b) GenNex Investment Holdings Limited GenNex Investment 2016 4 20 2010 10 13 2014 9 4 300 100% 100% 300 100% 10,000 100% I-9

2016 4 20 2016 6 7GenNex Investment[ ] [ ] [ ] GenNex Investment GenNex Investment 3 (c) (d) 2 (e) I-10

(f) 1(h). (g) (h) (i) I-11

(ii) I-12

(i) 1(h) (j) (k) (l) (m) (i) I-13

(ii) (n) (o) (i) 1(j) (ii) I-14

(p) (q) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) (r) I-15

2 (a) 1(j)1(o)(i) (b) 3 8 20142015 12 31 20152016 3 31 10%2014 2015 12 31 20152016 3 31 9,757,000 3,099,0002,636,000 I-16

4 12 31 3 31 2014 2015 2015 2016 (a) 6 702 756 206 251 22,261 23,610 5,425 6,293 22,963 24,366 5,631 6,544 12 31 3 31 2014 2015 2015 2016 (b) 1,429 1,592 362 484 491 10(b) 1,792 351 10(b) (1,490) 11 870 180 180 45 45 4,360 7,465 1,083 1,878 I-17

5 (a) 12 31 3 31 2014 2015 2015 2016 2,086 2,395 1,056 1,121 5(d) (189) 166 (53) 1,897 2,561 1,056 1,068 16.5% (b) 12 31 3 31 2014 2015 2015 2016 11,361 15,526 6,398 5,061 1,875 2,562 1,056 1,068 41 (19) (1) 1,897 2,561 1,056 1,068 I-18

(c) 12 31 3 31 2014 2015 2016 2,086 2,395 1,121 (1,865) 2,086 530 1,121 4,596 (91) 6,682 530 1,030 (d) 12 31 3 31 2014 2015 2016 1 1 292 103 269 (189) 166 (53) 12 313 31 103 269 216 I-19

6 4(a) 12 31 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 1,200 1,200 400 17 18 1,617 1,218 2,273 2,905 1,501 1,471 17 18 3,791 4,394 1,272 1,157 400 17 18 1,689 1,175 4,745 5,262 2,301 1,471 51 54 7,097 6,787 3 31 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 300 300 5 5 305 305 677 681 304 432 5 5 986 1,118 246 272 5 5 251 277 1,223 1,253 304 432 15 15 1,542 1,700 (i) 7 (ii) I-20

7 6 12 31 3 31 2014 2015 2015 2016 987 1,014 252 260 141 82 21 34 36 9 9 1,162 1,132 282 269 12 31 3 31 2014 2015 2015 2016 1,000,000 2 2 2 2 8 B1(b) I-21

9 2014 1 1 1,872 2,836 1,096 5,804 150 3 153 2014 12 31 1,872 2,986 1,099 5,957 --------- --------- --------- --------- 2015 1 1 1,872 2,986 1,099 5,957 2,748 422 1,343 4,513 (1,872) (21) (740) (2,633) 2015 12 31 2,748 3,387 1,702 7,837 --------- --------- --------- --------- 2016 1 1 2,748 3,387 1,702 7,8,37 20 1 21 2016 3 31 2,748 3,407 1,703 7,858 --------- --------- --------- --------- 2014 1 1 774 866 273 1,913 624 586 219 1,429 2014 12 31 1,398 1,452 492 3,342 --------- --------- --------- --------- 2015 1 1 1,398 1,452 492 3,342 691 629 272 1,592 (1,710) (7) (404) (2,121) 2015 12 31 379 2,074 360 2,813 --------- --------- --------- --------- 2016 1 1 379 2,074 360 2,813 229 170 85 484 2016 3 31 608 2,244 445 3,297 --------- --------- --------- --------- 2014 12 31 474 1,534 607 2,615 2015 12 31 2,369 1,313 1,342 5,024 2016 3 31 2,140 1,163 1,258 4,561 I-22

10 12 31 3 31 2014 2015 2016 18,794 14,147 20,974 (1,792) (351) (1,221) 17,002 13,796 19,753 (a) 12 31 3 31 2014 2015 2016 1 3,143 6,282 11,318 12 6,541 2,952 1,591 23 148 1,808 413 3 7,170 2,754 6,431 17,002 13,796 19,753 14 3016(a) (b) 1(h)(i) 12 31 3 31 2014 2015 2016 1 1 1,792 351 1,792 351 (1,490) (302) 11 870 12 313 31 1,792 351 1,221 I-23

20142015 12 312016 3 311,792,000351,0001,221,000 1,792,000351,0001,221,0002014 2015 12 312016 3 31 (c) 12 31 3 31 2014 2015 2016 3,143 6,282 11,318 ----------- ----------- ----------- 1 6,541 2,952 1,591 13 2,018 3,024 4,263 3 5,300 1,538 2,581 13,859 7,514 8,435 ----------- ----------- ----------- 17,002 13,796 19,753 I-24

11 12 31 3 31 2014 2015 2016 4,749 6,800 8,741 (1,327) (3,914) (3,008) 3,422 2,886 5,733 (870) 3,422 2,016 5,733 4,134 3,296 7,141 (712) (1,280) (1,408) 3,422 2,016 5,733 12 31 3 31 2014 2015 2016 1 1 870 870 10(b) (870) 12 313 31 870 20142015 12 312016 3 31 870,000 870,0002014 2015 12 312016 3 31 I-25

12 13 (a) 12 31 3 31 2014 2015 2016 16,582 29,242 23,532 (b) B 12 31 3 31 2014 2015 2015 2016 11,361 15,526 6,398 5,061 4(b) 1,429 1,592 362 484 4(b) 491 12,790 17,609 6,760 5,545 550 (1,388) 3,506 3,206 (9,795) (5,957) (1,490) 838 (2,787) (3,845) (1,869) 1,088 (2,107) 132 (2,487) 427 612 (586) 712 568 219 128 (7,640) 3,351 5,179 (16) 4,072 25,699 (1,919) (4,599) I-26

14 20142015 12 312016 3 31 864,000325,000 51% 49% 12 31 3 31 2014 2015 2016 1 1,415 1,313 1,298 12 438 852 237 23 8 109 3 107 50 1,853 2,280 1,694 15 (a) (b) 2016 3 31 2016 4 28[ ]10,000,000 [ ] B1(b) (c) 2016 4 20[ ]2014 2015 12 312016 3 31 2014 3 3 622 11 37 (d) 2016 4 20 2016 3 31 I-27

(e) 16 (a) 14 30 2014 2015 12 312016 3 31 44% 2% 11% 10 (b) (c) (d) I-28

(e) 2014 2015 12 312016 3 31 17 12 31 3 31 2014 2015 2016 1 2,478 7,631 7,625 15 345 8,573 6,668 2,823 16,204 14,293 18 51% 49% (a) 12 31 3 31 2014 2015 2015 2016 10,101 9,865 1,410 (b) 14 I-29

(c) 6 19 2016 3 31Top Deluex Investments Limited 20 20142015 12 31 21 9 2018 1 1 15 2018 1 1 16 2019 1 1 15 15 1811 13 I-30

16 16 16 17 4 1516 C 2016 3 31 (a) 2016 4 20 [] [ ] (b) [ ] [] [] (c) [ ] (d) 2016 4 28[ ] 10,000,000[ ] I-31

D 2016 4 20380,00038,000,000 0.01 [ ]3,762,000,000380,000 38,000,000 [38,000,000] [3,800,000,000] E 2016 3 31 2016 3 31 [] I-32

A. 7.31 [] 2016 3 31[ ]2016 3 31 [] 2016 3 31 ( ) 2016 3 31 [] (1) (2) (3) (4) [][][ ] 46,221 [] [] [] [][][ ] 46,221 [] [] [] II-1

(1) 2016 3 31 2016 3 31 (2) [][] [] [][][] [] [] [][][] [][]2016 3 31[] [] (3) 2016 3 31 2016 3 31 10[ ] [][] [][][] [] (4) [] [] II-2

B. [] II-3

[] II-4

[] II-5

2016 4 202219613 1. (a) 27(2) (b) 2. [ ] [ ] [ ][] (a) (i) (ii) III-1

(iii) (aa) (bb) (cc) (dd) (ee) (iv) III-2

( ) (30) (v) (vi) III-3

(vii) (20) (14) (20) (b) (i) III-4

(aa) (bb) (cc) (6) (dd) (ee) (ff) III-5

(ii) (a) (b) (iii) III-6

(iv) (v) III-7

(vi) (vii) (viii) III-8

(aa) (bb) (cc) (dd) (ee) III-9

(c) (d) (e) (i) (15) (ii) III-10

(iii) (15)(18) (iv) (21) (20) (14)(10) III-11

(aa) (bb) (cc) (dd) (ee) (ff) (20%) (gg) (v) III-12

(vi) (f) (21) III-13

(g) (i) (ii) (a) (b) III-14

(h) (2) 2.50 1.00 (i) 3(f) III-15

(j) (i) (ii) (k) III-16

3. (a) (b) (a) (b) (c) 37(d) (e) III-17

(c) (d) III-18

(e) (f) (a)(b) (c) (a)(b) (c) (d) III-19

(g) (h) (i) (ii)(iii) (i) (j) 20116 (1) (2) 2016 [ ] [ ] III-20

2010 (k) (l) (m) (n) III-21

(o) (60) (p) (i) (ii)(iii) () III-22

21 (q) (75%) (r) (4) (90%) (4)(2) (1) (s) 4. Conyers Dill & Pearman III-23

A. 1. (a) 2016 4 20 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-111, the Cayman Islands (b) 9 901-903 907-910 2016 6 816 (c) 2. (a) 2016 4 20380,000 38,000,0000.01 (b) 2016 4 20 (c) [ ] [ ] [ ]GenNex Investment Top Deluxe, Chance GlobalGenNex Investment 299 (d) [ ] [ ] [ ]3,762,000,000 380,00038,000,000 38,000,000 3,800,000,000 (e) [][] IV-1

(f) [][] [] [] (g) [] [] [] [] (h) 3. [ ] [ ] [ ] 2016 9 19 (a) [] (b) 3,762,000,000380,000 38,000,000 (c) (i)[] [] [] (ii) [][](iii) (i) [][] IV-2

(ii) (iii) [] [] [] [ ] [ ] [ ] (d) [] 20.0% (e) [] 10.0% IV-3

(f) (d) (e) 4. [] 5. 6. (a) (i) [ ] [ ] [ ] IV-4

(ii) (b) (c) IV-5

(d) [] [] [] (i) (ii) (iii) (e) 26 IV-6

[] [] 10.0%Top Deluxe Chance Global[]% 11.23 B. 1. (a) (b) (c) (d) Top Deluxe Chance GlobalGenNex Investment 2016 6 7 GenNex Investment GenNex InvestmentTop Deluxe Chance Global 1809029 (e) GenNex Investment2016 6 7 GenNex Investment 1.00 (f) Top Deluxe Chance Global [ ] [ ] [ ] GenNex Investment IV-7

Top Deluxe Chance Global1809029 2. (a) A B 9 2012 10 19 302409804 2022 10 18 A 9 2012 10 19 302409813 2022 10 18 B A B 9 16 35 2016 1 7 303651534 (b) www.gennexfm.com 08/11/2011 08/11/2017 www.gennexfp.com 08/11/2011 08/11/2017 www.gennextl.com 17/12/2014 17/12/2017 www.gennexfm.com.hk 08/11/2011 10/11/2017 www.gennexfp.com.hk 08/11/2011 10/11/2017 www.gennexholdings.com 17/2/2016 17/2/2018 IV-8

3. 18 C. 1. (a) [] XV XV7 8 352 5.46 5.67 1 (%) Top Deluxe 2 [] (L) []% [] (L) []% 3 Chance Global [] (L) []% IV-9

1. L. 2. Top DeluxeTop Deluxe Lau Kimberly Siu Yan Kaiulani Fair Image8.2% 24.8% 67.0% XV78 Top Deluxe 3. Chance GlobalChance Global XV78 Chance Global (b) 2. [] (3) (1) [] (3) (1) 3. IV-10

4. 5. (i) XV 7 8 352 5.465.67 (ii) (iii) (iv) IV-11

(v) [] XV2 3 10% (vi) (vii) 5% D. 1. [ ] [ ] [ ] (a) (b) (i) (ii) (iii) IV-12

(c) (i) 30% (ii) 10% [] (iii) (a) (d) 23.03(3) (1)23.06 10% (iv) (a)(c) 23.03 (3) (1)23.06 (c) IV-13

(d) (i) 12 1% (ii) 12 23.03 (4)23.06 23.03(9)(1) (iii) 23.03(3)(1)23.03(4) (iv) 12 1. 0.1% 2. 5 IV-14

(e) (i) (ii) (iii) (f) (g) (h) 30 1.00 (i) IV-15

12 (j) 14 (k) IV-16

(l) (m) 10 (n) (o) (a) IV-17

(b) (c) (i) (ii) (iii) (iv) (v) 2005 9 517.03 (13) 23.03 (13) (p) (q) IV-18

(r) (i) (ii) [] [] (iii) [] [] [] (s) (t) [] [] [] 2. ( ) [] IV-19

3. 4. [] [] [] 6A.07 [] 5. 120,000 6. [] 7. (a) 0.1% IV-20

(b) (c) [] 8. 4 6 9 Conyers Dill & Pearman 9. IV-21

10. 8 11. 44A 44B 12. [] [] 13. 2016 3 31 14. (a) (i) (ii) IV-22

(iii) (iv) (v) 2016 3 31 ( ) (vi) 12 (vii) (viii) (b) (c) 15. 32L4 IV-23

1. 2. 14 9 21 2103-05 1. 2. 3. 20142015 12 312016 3 31 4. 5. Conyers Dill & Pearman 6. 7. 8. 9. 10. 11. V-1