.......................................................... 1.................................................... 5............................. I-1...

Zhong Ao Home Group Limited 1538 5 26 2016 9 15 33 2 9 5 6 EGM-1 EGM-2 48 183 17M 2016 8 26

.......................................................... 1.................................................... 5............................. I-1............................... II-1................................. III-1................ IV-1.......................................... V-1............................................. EGM-1 i

2016 7 26 1538 15,000,000 1

29% 2016 7 26 2016 8 24 2

7,700,000 70% 571 0.01 100% 20% 3

20% 35% % 1.00 1.179 4

Zhong Ao Home Group Limited 1538 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands 5 1 2 33 2 9 5 6 2016 7 26 210,000,000 70% 5

14.07 25% 100% 14.06(3) 14 2016 7 26 40.36% 28.25% 12.11% 1.67% 1.17% 0.50% 7.00% 4.90% 2.10% 3.64% 2.55% 1.09% 3.50% 2.45% 1.05% 3.50% 2.45% 1.05% 3.33% 2.33% 1.00% 10.00% 7.00% 3.00% 20.00% 14.00% 6.00% 7.00% 4.90% 2.10% 100.00% 70.00% 30.00% 6

70% 210,000,000 2015 3 31 76,500,000 (i) 15,000,000 (ii) (i) (a) (b) (e) ii) 132,800,000 77,200,000 2015 11 13 60% 145,300,000 12,500,000 70% 2016 2 5 7

(a) (b) (c) (d) (e) (f) (g) (h) (f) (g) (h) 2016 9 30 (f) (g) (h) 8

(f) (g) (h) 1999 2 2016 5 31 (i) (ii) (iii) (iv) (v) 2016 5 31 234 18,000,000 9

2014 2015 12 31 2016 5 31 2014 12 31 2015 12 31 2016 5 31 5 17,904 30,462 19,304 11,083 20,217 12,476 2016 5 31 89,000,000 (a) 100% 100% 100% 88% 54% 100% 70% 100% 85% 100% 35% 20% 29% 20% 1 2 10

(b) 100% 70% 30% 100% 100% 88% 54% 100% 70% 100% 85% 100% 35% 20% 29% 1 20% 2 1. 1,000,000 29% 2. 30,000,000 20% 6,000,000 6,000,000 70% 11

2016 7 26 2016 2017 2018 2019 12 31 32,000,000 2016 32,000,000 2016 2017 2018 2019 2016 12

32,000,000 60 2017 7.5% 22,500,000 30 2017 2020 4 5 (i) (ii) 30 (a) 10% (1) 2017 13

300,000,000 x 90% x 7.5% (2) 2018 = 22,500,000 (3) 2018 = 300,000,000 x 90% x 7.5% (b) 10% x 6.5 + 72,000,000 x 7.5% 72,000,000 6.5 5 10 6.5 (c) = 72,000,000 x 7.5% 2016 14

1 32,000,000 32,000,000 10% 10% #1 2 2017 2016 30 22,500,000 300,000,000 2016 90% 7.5% x 6.5 + 72,000,000 x 7.5% 72,000,000 3 x 7.5% #2 2018 2017 30 22,500,000 2016 2017 x 6.5 + 72,000,000 x 2017 7.5% 22,500,000 72,000,000 x 7.5% 2016 2017 300,000,000 90% 7.5% 2016 300,000,000 90% 7.5% 1 #1 2016 2 7.5% 3 2016 #2 2016 2017 15

1 32,000,000 32,000,000 10% 10% #3 2019 2018 30 22,500,000 2017 2018 22,500,000 2018 x 6.5 + 72,000,000 x 7.5% 72,000,000 x 7.5% 2017 2018 300,000,000 90% 7.5% 2017 300,000,000 90% 7.5% #4 2020 2019 30 22,500,000 2018 2019 22,500,000 2019 x 6.5 + 72,000,000 x 7.5% 72,000,000 x 7.5% 2018 2019 300,000,000 90% 7.5% 2018 300,000,000 90% 7.5% 16

(i) (ii) (iii) (iv) (v) 2015 2015 11 13 70% 2015 12 31 2015 12 31 2015 1 1 420,200,000 690,300,000 10,900,000 18,200,000 2015 12 31 710,800,000 922,000,000 209,100,000 400,100,000 501,700,000 521,900,000 17

14.07 25% 10% 14.06(3) 14 18

19

379 2003 6 8 2003 9 1 2007 8 26 2016 2 6 125 2004 3 17 2004 5 1 2007 11 26 2015 5 4 30 (i) (ii) (iii) (iv) 300,000 80,000 200,000 50,000 20

379 2003 6 8 2003 9 1 2007 8 26 2016 2 6 2005 11 16 (2015)11 2015 2 (2010)700 2010 12 24 2011 1 26 21

62 2007 3 16 2007 10 1 (2003)130 2003 6 26 2003 9 1 22

(2003)1864 2003 11 13 2004 1 1 (2004)1428 2004 7 19 2004 10 1 23

(2010)74 2010 5 19 (2000)933 2000 7 14 2000 9 1 2016 9 15 33 2 9 5 6 24

EGM-1 EGM-2 30% 48 183 17M 2016 9 13 2016 9 15 2016 9 12 183 17 1712 1716 25

2016 8 26 26

2015 12 31 2016 5 31 2016 8 26 70% 1999 2 9 12 31 2016 2013 2014 2015 5 31 % % % % % 2001 7 27 5,000,000 100 100 100 100 100 1996 3 26 1,000,000 54 54 54 54 54 I-1

12 31 2016 2013 2014 2015 5 31 % % % % % 2015 8 7 2,000,000 100 100 100 2011 8 22 1,500,000 65 65 85 85 85 2013 12 23 1,000,000 70 70 70 70 70 2015 5 6 5,000,000 100 100 100 2015 8 25 2,000,000 100 100 100 2009 3 24 100,000 100 100 100 100 100 2014 5 14 200,000 88 88 88 88 I-2

12 31 2016 2013 2014 2015 5 31 % % % % % 2009 7 29 30,000,000 20 20 20 20 20 2012 8 30 100,000 20 20 20 20 20 12 31 2016 2013 2014 2015 5 31 % % % % % 2012 3 15 1,000,000 35 35 35 35 35 2012 3 15 1,000,000 29 29 29 29 29 12 31 I-3

2013 2014 2015 12 31 3.340 17 2013 2014 2015 12 31 2016 5 31 ) 6,000,000 (i) 2013 2014 2015 12 31 2016 5 31 (ii) (iii) 28 2011 12 2013 2014 2015 12 31 2016 5 31 I-4

2013 2014 2015 12 31 2016 5 31 2015 5 31 2015 5 2410 2015 5 2015 5 2015 5 2015 5 31 2015 5 31 (i) 2015 5 31 2015 5 31 (ii) 28 2011 2015 5 2015 5 I-5

A. 12 31 5 31 2013 2014 2015 2015 2016 8 191,661 226,935 270,124 101,766 122,352 (154,715) (183,373) (213,321) (81,213) (95,714) 36,946 43,562 56,803 20,553 26,638 9 9,627 10,804 10,800 5,315 10,411 10 (3,982) (2,693) (5,549) (2,414) (4,260) 16 (2,990) (632) (2,600) 1,300 (22,435) (24,345) (24,963) (10,151) (11,789) (2,980) (3,724) (4,096) (1,638) (2,237) 28 (6) (26) (26) 144 262 385 144 50 11 (2,437) (2,966) (2,260) (1,060) (809) 14,911 17,904 30,462 8,123 19,304 12 (6,098) (6,821) (10,245) (3,519) (6,828) 14 8,813 11,083 20,217 4,604 12,476 9,122 11,324 19,709 4,466 11,200 (309) (241) 508 138 1,276 8,813 11,083 20,217 4,604 12,476 I-6

12 31 2016 2013 2014 2015 5 31 15 11,937 11,189 12,666 12,050 16 38,700 86,340 87,640 17 6,032 6,026 6,000 6,000 18 769 1,031 1,416 1,466 25 4,300 4,298 4,298 4,298 19 1,893 3,466 4,769 5,456 24,931 64,710 115,489 116,910 936 1,763 880 1,715 20 56,605 77,290 95,336 121,681 21 4,899 6,729 7,323 8,254 22 55,549 44,977 12,410 3,401 23 19 24 137 50 468 618 25 350 26 4,500 27 21,787 22,321 29,545 26,417 144,763 153,149 145,962 162,086 I-7

12 31 2016 2013 2014 2015 5 31 28 85,820 105,426 120,552 132,832 29 1 1 9,960 1 30 440 1,584 1,240 1,989 31 150 10 12 32 1,550 1,310 1,310 6,640 13,249 18,323 21,280 33 31,290 39,290 33,530 32,570 124,191 161,250 184,925 189,994 20,572 (8,101) (38,963) (27,908) 45,503 56,609 76,526 89,002 34 5,000 5,000 5,000 5,000 37,106 48,430 68,482 79,682 42,106 53,430 73,482 84,682 3,397 3,179 3,044 4,320 45,503 56,609 76,526 89,002 I-8

a b 2013 1 1 5,000 2,911 25,073 32,984 3,406 36,390 9,122 9,122 (309) 8,813 64 (64) 300 300 2013 12 31 5,000 2,975 34,131 42,106 3,397 45,503 11,324 11,324 (241) 11,083 174 (174) 23 23 2014 12 31 5,000 3,149 45,281 53,430 3,179 56,609 19,709 19,709 508 20,217 343 747 (747) 343 (643) (300) 2015 12 31 5,000 3,896 343 64,243 73,482 3,044 76,526 11,200 11,200 1,276 12,476 414 (414) 2016 5 31 5,000 4,310 343 75,029 84,682 4,320 89,002 2015 1 1 5,000 3,149 45,281 53,430 3,179 56,609 4,466 4,466 138 4,604 240 (240) 2015 5 31 5,000 3,389 49,507 57,896 3,317 61,213 I-9

(a) (b) 10% 50% 35 I-10

12 31 5 31 2013 2014 2015 2015 2016 14,911 17,904 30,462 8,123 19,304 2,990 632 2,600 (1,300) 2,131 2,361 2,411 687 995 4,159 3,301 5,616 2,577 4,049 (28) 6 26 26 (144) (262) (385) (144) (50) 86 (14) (10) (9) (32) (8) (13) (2,437) (2,966) (1,199) (1,060) (58) 2,437 2,966 2,260 1,060 809 21,019 26,277 39,877 13,861 23,736 (500) (827) 883 478 (835) (38,669) (23,986) (23,662) (20,547) (30,394) 35,256 19,606 15,126 6,552 12,280 17,106 21,070 32,224 344 4,787 (952) (1,785) (6,474) (3,895) (4,558) 16,154 19,285 25,750 (3,551) 229 I-11

12 31 5 31 2013 2014 2015 2015 2016 (4,197) (7,399) (7,531) (3,594) (2,114) (5,000) (72,105) (47,808) (30,735) (17,852) (19) (50) (800) (150) (300) (1,767) (1,613) (4,204) (1,056) (379) (4,500) 2,432 5,569 6,937 2,590 1,183 5,800 43,953 33,302 33,052 26,919 19 19 13 87 382 5 352 4,500 14 10 9 32 8 13 230 (7,554) (26,652) (19,441) 284 7,620 I-12

12 31 5 31 2013 2014 2015 2015 2016 27 28,740 4,288 2,800 1,900 800 800 2,105 150 35 232 2 1,550 1,660 31,290 49,290 62,530 27,290 2,330 (70) (18,781) (1,965) (12,759) 150 (756) (1,144) (106) (1,356) (175) (200) (1,900) 300 23 (300) (34,300) (41,290) (68,290) (39,290) (3,290) (2,437) (2,966) (2,260) (1,060) (809) (5,040) 7,901 915 (10,011) (10,977) 3,560 534 7,224 (13,278) (3,128) 18,227 21,787 22,321 22,321 29,545 21,787 22,321 29,545 9,043 26,417 I-13

1. 198 3 703 70% 2. 3. 2016 1 1 9 1 15 1 16 3 15 15 1 10 28 2 7 4 12 4 1 2018 1 1 2 3 2019 1 1 4 2017 1 1 9 2009 9 9 2010 2013 2014 9 a b I-14

9 39 9 39 9 9 9 15 15 15 18 11 15 15 15 15 15 15 I-15

4. 17 36 I-16

I-17

39 36 36 39 I-18

I-19

I-20

I-21

39 I-22

I-23

5. 4 I-24

2013 2014 2015 12 31 2016 5 31 748,000 906,000 581,000 2013 2014 2015 12 31 2016 5 31 45,885,000 61,519,000 70,701,000 91,928,000 7,572,000 10,873,000 15,453,000 19,502,000 2013 20142015 12 31 2016 5 31 11,937,000 11,189,000 12,666,000 12,050,000 I-25

6. 7. a. 12 31 2016 2013 2014 2015 5 31 140,862 153,582 147,482 162,342 4,500 145,362 153,582 147,482 162,342 102,514 130,302 150,254 150,284 b. I-26

50 50 2013 2014 2015 12 31 2016 5 31 110,000 54,000 87,000 31,000 I-27

2014 12 31 2015 12 31 2016 5 31 8,101,000 38,963,000 27,908,000 3 3 1 2013 12 31 11,252 59,531 70,783 70,783 1 1 1 440 440 440 7.20% 36 2,016 2,052 2,000 8.07% 14,766 15,003 29,769 29,290 11,693 74,333 17,019 103,045 102,514 2014 12 31 15,601 72,126 87,727 87,727 1 1 1 1,584 1,584 1,584 150 150 150 1,550 1,550 1,550 7.20% 450 25,088 25,538 25,000 7.28% 6,508 8,057 14,565 14,290 18,886 79,084 33,145 131,115 130,302 I-28

3 3 1 2015 12 31 22,836 81,368 104,204 104,204 9,960 9,960 9,960 1,240 1,240 1,240 10 10 10 1,310 1,310 1,310 5.85% 151 10,525 10,676 10,240 5.56% 3,622 20,327 23,949 23,290 35,356 85,141 30,852 151,349 150,254 2016 5 31 27,544 86,858 114,402 114,402 1 1 1 1,989 1,989 1,989 12 12 12 1,310 1,310 1,310 5.85% 183 12,658 12,841 12,570 5.55% 20,117 20,117 20,000 30,856 107,158 12,658 150,672 150,284 I-29

c. 12 31 5 31 2013 2014 2015 2016 4,500 8. I-30

12 31 5 31 2013 2014 2015 2015 2016 163,782 196,452 229,790 88,000 107,449 188 262 654 268 274 4,872 5,029 4,988 2,160 3,164 900 1,973 763 502 21,406 20,992 28,973 9,173 10,481 1,413 3,300 3,746 1,402 482 191,661 226,935 270,124 101,766 122,352 2013 2014 2015 12 31 2015 2016 5 31 10% 9. 12 31 5 31 2013 2014 2015 2015 2016 10 9 32 8 13 2,437 2,966 1,199 1,060 58 7,150 7,540 9,519 4,232 10,254 30 275 15 10 3 14 35 5 83 9,627 10,804 10,800 5,315 10,411 I-31

10. 12 31 5 31 2013 2014 2015 2015 2016 (2,409) (3,301) (4,580) (2,577) (4,049) (1,750) (1,036) (86) 177 608 153 163 (211) (3,982) (2,693) (5,549) (2,414) (4,260) 11. 12 31 5 31 2013 2014 2015 2015 2016 2,437 2,966 2,260 1,060 809 12. 12 31 5 31 2013 2014 2015 2015 2016 6,700 8,394 11,548 4,813 7,515 19 (602) (1,573) (1,303) (1,294) (687) 6,098 6,821 10,245 3,519 6,828 25% I-32

12 31 5 31 2013 2014 2015 2015 2016 14,911 17,904 30,462 8,123 19,304 25% 3,728 4,476 7,616 2,031 4,826 (7) 2 7 7 (36) (66) (96) (36) (13) a 1,238 1,600 2,196 1,194 1,518 438 259 889 1,328 1,085 752 741 (137) (501) (696) (400) (129) b (15) (18) (126) (29) (115) 6,098 6,821 10,245 3,519 6,828 (a) 2013 2014 2015 12 31 2015 2016 5 31 (b) 10% 20% I-33

13. 12 31 5 31 2013 2014 2015 2015 2016 363 644 916 394 352 29 33 34 14 15 392 677 950 408 367 2013 12 31 76 9 85 100 9 109 187 11 198 363 29 392 2014 12 31 75 11 86 221 10 231 348 12 360 644 33 677 I-34

2015 12 31 273 11 284 219 10 229 424 13 437 916 34 950 2015 5 31 131 5 136 86 4 90 177 5 182 394 14 408 2016 5 31 97 5 102 85 4 89 170 6 176 352 15 367 I-35

2013 2014 12 31 2016 5 31 2015 12 31 2015 5 31 2013 2014 12 31 2016 5 31 2015 12 31 2015 5 31 12 31 5 31 2013 2014 2015 2015 2016 697 992 825 325 490 25 31 28 10 13 722 1,023 853 335 503 12 31 5 31 2013 2014 2015 2015 2016 1,000,000 840,000 4 4 3 3 4 I-36

14. 12 31 5 31 2013 2014 2015 2015 2016 13 392 677 950 408 367 117,978 123,111 154,106 58,038 66,637 17,794 19,437 24,921 11,175 12,178 136,164 143,225 179,977 69,621 79,182 (35) (5) (83) 3 1 7 (32) (4) (76) 25 14 40 17 17 2,131 2,361 2,411 687 995 I-37

15. 2013 1 1 9,321 1,972 3,411 4,712 19,416 522 452 793 1,767 2013 12 31 9,321 2,494 3,863 5,505 21,183 809 632 172 1,613 2014 12 31 9,321 3,303 4,495 5,677 22,796 639 648 2,917 4,204 (335) (335) 2015 12 31 9,321 3,942 5,143 8,259 26,665 1 224 154 379 2016 5 31 9,321 3,943 5,367 8,413 27,044 2013 1 1 765 651 2,287 3,412 7,115 460 733 434 504 2,131 2013 12 31 1,225 1,384 2,721 3,916 9,246 442 822 531 566 2,361 2014 12 31 1,667 2,206 3,252 4,482 11,607 443 714 546 708 2,411 (19) (19) 2015 12 31 2,110 2,920 3,798 5,171 13,999 198 216 240 341 995 2016 5 31 2,308 3,136 4,038 5,512 14,994 2013 12 31 8,096 1,110 1,142 1,589 11,937 2014 12 31 7,654 1,097 1,243 1,195 11,189 2015 12 31 7,211 1,022 1,345 3,088 12,666 2016 5 31 7,013 807 1,329 2,901 12,050 I-38

20 3 3 5 4 2013 2014 2015 12 31 2016 5 31 8,096,000 7,654,000 7,211,000 7,013,000 16. 2013 1 1 2013 12 31 41,690 (2,990) 2014 12 31 38,700 48,272 (632) 2015 12 31 86,340 1,300 2016 5 31 87,640 2014 2015 12 31 2016 5 31 38,700,000 70,435,000 71,495,000 2014 12 31 2015 12 31 2016 5 31 I-39

1 3 2014 12 31 38,700 2 2015 12 31 86,340 2 2016 5 31 87,640 2 I-40

17. 12 31 5 31 2013 2014 2015 2016 6,020 6,020 6,020 6,020 12 6 (20) (20) 6,032 6,026 6,000 6,000 12 31 5 31 2013 2014 2015 2016 % % % % % 2009 7 29 30,000,000 20 20 20 20 20 2012 8 30 100,000 20 20 20 20 20 2013 2014 2015 12 31 2016 5 31 6,000,000 (i) 2013 2014 2015 12 31 2016 5 31 (ii) (iii) 28 2011 12 I-41

12 31 5 31 2013 2014 2015 2015 2016 28 (6) (26) (26) 18. 12 31 2016 2013 2014 2015 5 31 640 640 640 640 129 391 776 826 769 1,031 1,416 1,466 12 31 5 31 2013 2014 2015 2016 % % % % % 2012 3 15 1,000,000 35 35 35 35 35 2012 3 15 1,000,000 29 29 29 29 29 I-42

12 31 5 31 2013 2014 2015 2015 2016 144 262 385 144 50 19. 2013 1 1 1,291 1,291 602 602 2013 12 31 1,893 1,893 825 748 1,573 2014 12 31 2,718 748 3,466 1,145 158 1,303 2015 12 31 3,863 906 4,769 1,012 (325) 687 2016 5 31 4,875 581 5,456 I-43

2,964 2013 2014 2015 12 31 2016 5 31 4,809,000 8,117,000 9,673,000 12,121,000 5 31 2013 2014 2015 2016 2017 1,253 398 301 2018 3,556 2,407 2019 5,312 5,032 4,815 2020 4,340 4,342 2021 2,964 4,809 8,117 9,673 12,121 2013 2014 2015 12 31 2016 5 31 1,750,000 1,750,000 2,786,000 2,786,000 20. 12 31 5 31 2013 2014 2015 2016 53,457 72,392 86,154 111,430 (7,572) (10,873) (15,453) (19,502) 45,885 61,519 70,701 91,928 (a) 3,405 3,484 4,481 4,726 2,213 1,440 1,499 1,912 547 648 394 400 (b) 3,338 9,086 17,928 22,422 5 14 5 15 2,962 2,849 3,114 3,064 12,470 17,521 27,421 32,539 (1,750) (1,750) (2,786) (2,786) 10,720 15,771 24,635 29,753 56,605 77,290 95,336 121,681 (a) I-44

(b) 60 60 90 12 31 5 31 2013 2014 2015 2016 0 30 3,804 5,321 5,325 12,619 31 90 7,038 8,415 9,610 19,893 91 180 11,478 14,094 16,666 22,164 181 365 13,720 19,586 22,749 21,323 1 9,845 14,103 16,351 15,929 45,885 61,519 70,701 91,928 2013 2014 2015 12 31 2016 5 31 40,322,000 54,094,000 62,973,000 74,319,000 I-45

12 31 5 31 2013 2014 2015 2016 0 90 5,279 6,311 7,207 14,903 91 180 11,478 14,094 16,666 22,164 181 365 13,720 19,586 22,749 21,323 1 9,845 14,103 16,351 15,929 40,322 54,094 62,973 74,319 12 31 5 31 2013 2014 2015 2016 5,163 9,322 12,623 18,239 4,159 3,301 5,616 4,049 9,322 12,623 18,239 22,288 9,322,000 12,623,000 18,239,000 22,288,000 21. 1 1 12 31 5 31 2013 2013 2014 2015 2016 150 150 150 207 207 2,984 4,749 6,579 7,116 8,047 3,134 4,899 6,729 7,323 8,254 I-46

12 31 5 31 2013 2014 2015 2016 150 150 382 207 7,231 12,148 13,878 9,230 22. 12 31 5 31 2013 2014 2015 2016 55,549 44,977 12,410 3,401 2013 2014 2015 12 31 8.01% 7.35% 5.65% 2016 5 31 23. 12 31 5 31 2013 2014 2015 2016 19 I-47

24. 12 31 5 31 2013 2014 2015 2016 87 50 50 50 50 418 418 150 137 50 468 618 25. 12 31 5 31 2013 2014 2015 2016 350 300 298 298 298 4,000 4,000 4,000 4,000 4,650 4,298 4,298 4,298 350 4,300 4,298 4,298 4,298 4,650 4,298 4,298 4,298 26. 2013 12 31 2013 2014 12 31 2.7% 2013 12 31 2013 12 31 2014 12 31 I-48

27. 2013 2014 20152016 5 31 1,901,000 5,655,000 10,551,000 11,956,000 2013 2014 2015 12 31 2016 5 31 0.35% 0.42% 28. 12 31 5 31 2013 2014 2015 2016 1,137 4,346 1,748 1,789 (a) 38,390 42,928 51,857 55,544 (b) 11,505 12,834 13,253 16,848 (c) 6,953 8,372 10,799 10,039 22,323 29,788 37,451 44,435 3,532 4,865 3,095 1,582 1,980 2,293 2,349 2,595 84,683 101,080 118,804 131,043 85,820 105,426 120,552 132,832 (a) (b) (c) I-49

30 60 12 31 5 31 2013 2014 2015 2016 0 60 1,137 4,038 1,059 845 61 180 181 171 482 181 365 23 116 1 127 495 346 1,137 4,346 1,748 1,789 29. 12 31 5 31 2013 2014 2015 2016 9,959 1 1 1 1 1 1 9,960 1 30. 12 31 5 31 2013 2014 2015 2016 150 1,294 950 1,699 290 290 290 290 440 1,584 1,240 1,989 I-50

31. 12 31 5 31 2013 2014 2015 2016 150 10 10 2 150 10 12 32. 12 31 5 31 2013 2014 2015 2016 950 710 710 600 600 600 1,550 1,310 1,310 33. 12 31 5 31 2013 2014 2015 2016 3,000 36,000 13,530 12,570 3,290 3,290 20,000 20,000 25,000 31,290 39,290 33,530 32,570 31,290 39,290 33,530 32,570 29,290 14,290 23,290 20,000 2,000 25,000 10,240 12,570 31,290 39,290 33,530 32,570 I-51

12 31 5 31 2013 2014 2015 2016 7.2% 7.2% 5.85% 5.85% +1.68% 2.40% +1.68% 2.40% +1.20% 1.80% +1.20% 15 16 2013 2014 2015 12 31 2016 5 31 28,290,000 3,290,000 20,000,000 20,000,000 (i) (ii) (iii) (iv) (v) (vi) 34. 35. 2015 12 31 20% 65% 85% 300,000 643,000 343,000 I-52

36. 2014 2015 12 31 41,690,000 48,272,000 37. 12 31 5 31 2013 2014 2015 2015 2016 162 37 68 38. 34% 2013 20142015 12 31 20152016 5 31 17,823,000 19,470,000 24,955,000 11,189,000 12,193,000 I-53

39. (a) 12 31 5 31 2013 2014 2015 2015 2016 2,437 2,966 1,199 1,060 58 41,690 48,272 31,700 113 419 239 131 59 (b) 12 31 5 31 2013 2014 2015 2015 2016 1,157 1,792 2,176 718 842 62 71 71 24 28 1,219 1,863 2,247 742 870 I-54

40. 12 31 5 31 2013 2014 2015 2016 11,475 10,615 11,482 10,962 38,700 84,795 86,082 5,311 5,411 5,711 5,711 6,020 6,020 6,020 6,020 640 640 640 640 4,000 4,000 4,000 4,000 1,893 3,466 4,767 5,457 29,339 68,852 117,415 118,872 45,966 63,005 68,543 110,363 4,823 6,504 7,248 8,178 46,197 38,903 3,401 350 137 50 468 618 38 23 198 1,069 12,729 14,115 14,004 16,057 110,240 122,600 90,461 139,686 66,816 78,977 78,299 102,982 1 1 9,067 1 440 1,074 730 1,940 1,550 1,310 1,310 150 5,295 10,817 7,128 30,062 6,186 13,088 17,485 15,141 20,000 36,000 30,240 30,240 98,738 141,657 144,259 181,676 11,502 (19,057) (53,798) (41,990) 40,841 49,795 63,617 76,882 5,000 5,000 5,000 5,000 35,841 44,795 58,617 71,882 40,841 49,795 63,617 76,882 I-55

2013 1 1 2,500 21,192 23,692 12,149 12,149 2013 12 31 2,500 33,341 35,841 8,954 8,954 2014 12 31 2,500 42,295 44,795 13,822 13,822 2015 12 31 2,500 56,117 58,617 13,265 13,265 2016 5 31 2,500 69,382 71,882 2015 1 1 2,500 42,295 44,795 3,710 3,710 2015 5 31 2,500 46,005 48,505 B. 2016 5 31 2016 8 26 I-56

(i) (ii) (iii) (iv) (v) 2016 5 31 234 18,000,000 2013 2014 2015 12 31 2016 5 31 (a) 191,700,000 226,900,000 270,100,000 122,400,000 (i) (ii) (iii) (b) 9,600,000 10,800,000 10,800,000 10,400,000 (c) 4,000,000 2,700,000 5,500,000 4,300,000 (d) 22,400,000 24,300,000 25,000,000 11,800,000 (e) 3,000,000 3,700,000 4,100,000 2,200,000 (f) 2,400,000 3,000,000 2,300,000 800,000 (g) 8,800,000 11,100,000 20,200,000 12,500,000 II-1

2013 2014 2015 12 31 2016 5 31 (a) 11,900,000 11,200,000 12,700,000 12,100,000 (b) 38,700,000 86,300,000 87,600,000 (c) 6,000,000 6,000,000 6,000,000 6,000,000 20% 2016 12 31 (d) 800,000 1,000,000 1,400,000 1,500,000 35% 29% (e) 1,900,000 3,500,000 4,800,000 5,500,000 (f) 56,600,000 77,300,000 95,300,000 121,700,000 (i) (ii) (g) 900,000 1,800,000 900,000 1,700,000 (h) 4,900,000 6,700,000 7,300,000 8,300,000 (i) 55,500,000 45,000,000 12,400,000 3,400,000 (j) 4,700,000 4,300,000 4,300,000 4,300,000 (k) 4,500,000 2013 12 31 II-2

2013 2014 12 31 2.7% 2013 12 31 2013 12 31 2014 12 31 2014 12 31 2014 12 31 (l) 21,800,000 22,300,000 29,500,000 26,400,000 (m) 85,800,000 105,400,000 120,600,000 132,800,000 (n) 1,000 1,000 10,000,000 1,000 (o) 400,000 1,600,000 1,200,000 2,000,000 (p) 1,600,000 1,300,000 1,300,000 (q) 6,600,000 13,200,000 18,300,000 21,300,000 25% (r) 31,300,000 39,300,000 33,500,000 32,600,000 (s) 169,700,000 217,900,000 261,500,000 279,000,000 (t) 124,200,000 161,300,000 184,900,000 190,000,000 II-3

(i) (ii) 2013 20142015 12 31 2016 5 31 124,200,000 161,300,000 184,900,000 190,000,000 2013 20142015 12 31 2016 5 31 21,800,000 22,300,000 29,500,000 26,400,000 20,600,000 8,100,000 39,000,000 27,900,000 2013 2014 2015 12 31 2016 5 31 16,200,000 19,300,000 25,800,000 200,000 21,000,000 26,300,000 39,900,000 23,700,000 2013 2014 2015 12 31 7,600,000 26,700,000 19,400,000 2016 5 31 7,600,000 2013 2014 2015 12 31 2016 5 31 5,000,000 7,900,000 900,000 (11,000,000) II-4

2013 2014 2015 12 31 2016 5 31 2013 2014 2015 12 31 2016 5 31 2016 5 31 2013 12 31 2014 12 31 2015 12 31 2016 5 31 68.8% 69.4% 43.8% 36.6% 2013 2014 2015 12 31 2016 5 31 2013 20142015 12 31 2016 5 31 2014 2015 12 31 2016 5 31 38,700,000 70,400,000 71,500,000 2013 2014 2015 12 31 2016 5 31 2013 20142015 12 31 2016 5 31 2015 12 31 20% 300,000 65% 85% 2013 2014 2015 12 31 2016 5 31 II-5

2013 2014 2015 12 31 2016 5 31 (i) (ii) (iii) (iv) (v) 2016 5 31 2013 2014 2015 12 31 2016 5 31 2013 20142015 12 31 2016 5 31 2013 20142015 12 31 2016 5 31 2,908 3,556 4,089 4,501 II-6

I. 2015 12 31 2013 2014 12 31 2015 11 13 I 8 I 83 http://www.hkexnews.hk/ http://www.gdzawy.com http://www.hkexnews.hk/listedco/listconews/ SEHK/2015/1113/LTN20151113022_C.pdf 2015 12 31 2015 12 31 75 176 http://www.hkexnews.hk/ http://www.gdzawy.com http://www.hkexnews.hk/listedco/listconews/sehk/2016/0429/ltn201604291034_c.pdf 2016 6 30 http://www.hkexnews.hk/ http://www.gdzawy.com http://www.hkexnews.hk/listedco/listconews/sehk/2016/0822/ltn20160822981_c.pdf II. 2016 6 30 43,459 32,570 4,608 1 2,308 12 1,310 84,268 2016 6 30 43,459,000 8,459,000 35,000,000 2016 6 30 32,570,000 12,570,000 20,000,000 a) III-1

b) c) d) e) f) 2016 6 30 4,608,000 1,000 2,308,000 12,000 1,310,000 2016 6 30 III. IV. 2015 12 31 V. 2015 12 31 234 18,000,000 III-2

VI. (a) 2015 12 31 421,700,000 2015 12 31 3.1 2015 12 31 511,900,000 2015 12 31 29,600,000 20,000,000 (b) 2015 12 31 2013 2014 2015 12 31 2016 5 31 (c) 2015 12 31 482,300,000 III-3

(d) 2015 12 31 1,488 2015 4 2015 12 31 80,000,000 (e) 2013 12 31 1,000,000 2016 2 70% 11 2015 12 31 VII. 2013 2014 2015 12 31 III-4

(A) (I) 2016 7 26 10 210,000,000 70% 2015 12 31 2015 12 31 (i) 2015 12 31 (ii) 2016 5 31 (1) (2) 2015 12 31 IV-1

(II) 1 2 3 4 5 6 22,007 12,050 34,057 87,640 87,640 59,504 59,504 6,000 (6,000) 1,045 1,466 2,511 41 150,723 150,764 89 89 4,298 4,298 9,894 5,456 15,350 92,580 116,910 354,213 1,715 1,715 106,134 121,681 227,815 178 178 8,254 8,254 3,401 3,401 618 618 62,834 62,834 449,107 26,417 (210,000) 6,000 (6,505) 265,019 618,253 162,086 569,834 154,695 132,832 287,527 1 1 1,989 1,989 12 12 1,310 1,310 19,485 21,280 40,765 22,361 32,570 54,931 196,541 189,994 386,535 421,712 (27,908) 183,299 514,292 89,002 537,512 IV-2

1 2 3 4 5 6 7,279 7,279 5,276 5,276 77,451 77,451 12,555 90,006 501,737 89,002 447,506 IV-3

1. 2015 12 31 2. 2015 12 31 2015 12 31 2016 5 31 2016 5 31 3. 70% 210,000,000 210,000,000 (i) (ii) 210,000,000 30% 2016 5 31 2016 5 31 210,000,000 70% 84,682,000 70% 59,277,000 150,723,000 2015 12 31 2016 5 31 3 36 16% 0% 36 IV-4

4. 6,000,000 6,000,000 6,000,000 5. 6,505,000 6. 2020 30% 22,500,000 3(ii) 22,500,000 2017 22,500,000 2018 22,500,000 2019 22,500,000 2020 22,500,000 2015 12 31 77,451,000 5.51% IV-5

(B) 2016 8 26 IV-2 IV-5 2015 12 31 IV-1 70% 2015 12 31 2015 12 31 2015 12 31 4.29 7 7 IV-6

1 4.29(7) 3420 4.29 7 2015 12 31 IV-7

(a) (b) (c) 4.29(1) 2016 8 26 IV-8

1. 2. (a) XV (1) XV 7 8 (2) 352 (3) 10 (i) 1 435,820,000 54.48% 2 94,262,000 11.78% (1) 40% XV 15% Hilton Assets (PTC) Limited 85% XV (2) Central Oscar Holdings Limited Central Oscar Vision Knight Capital (China) Fund II, L.P. Vision Knight Capital (China) Entrepreneur Fund II,L.P. 95.5% 4.5% Vision Knight Capital (China) GP II. L.P. VKC V-1

VKC (China) GP II Ltd VKC (China) GP II Ltd VKC Cayman II Ltd VKC (China) GP II Ltd VKC Cayman II Ltd VKC Cayman II Ltd 50% Zhu Daming 50% VKC VKC (China) GP II Ltd VKC Cayman II Ltd Zhu Daming Central Oscar 94,262,000 (ii) 1,809,000 0.23% 1,809,000 0.23% 1,809,000 0.23% 1,809,000 0.23% 16,000,000 2.00% 2,063,511 0.26% XV 352 (b) 2015 12 31 V-2

(c) 2014 2015 12 31 2014 2015 Guangzhou Xunhua Electric Technology Company Limited 1,761 1,012 19 4 12 50 V-3

3. XV 2 3 336 5% Hilton Assets (PTC) 435,820,000 54.48% 1 Limited 435,820,000 54.48% 2 435,820,000 54.48% Zhu Daming 94,262,000 11.78% 3 VKC Cayman II Ltd. 94,262,000 11.78% 3 VKC (China) GP II Ltd. 94,262,000 11.78% 3 Vision Knight Capital 94,262,000 11.78% 3 (China) GP II, L.P. Vision Knight Capital 94,262,000 11.78% 3 (China) Fund II, L.P. Central Oscar 94,262,000 11.78% 54,000,000 6.75% 4 54,000,000 6.75% 4 54,000,000 6.75% 4 54,000,000 6.75% 4 Decision Holdings Limited 54,000,000 6.75% 54,000,000 6.75% 4 Briarwood Capital Partners LP 48,352,000 6.04% V-4

(1) 15% Hilton Assets (PTC) Limited 85% (2) 40% XV 20% (3) Central Oscar Vision Knight Capital (China) Fund II, L.P. Vision Knight Capital (China) Entrepreneur Fund II,L.P. 95.5% 4.5% VKC VKC (China) GP II Ltd VKC (China) GP II Ltd. VKC Cayman II Ltd. VKC (China) GP II Ltd VKC Cayman II Ltd VKC Cayman II Ltd 50% Zhu Daming 50% Vision Knight Capital (China) Fund II, L.P. VKC VKC (China) GP II Ltd VKC Cayman II Ltd Zhu Daming Central Oscar 94,262,000 (4) Decision Holdings Limited Decision Holdings Decision Holdings 54,000,000 XV 2 3 4. 5. 9.6% 2014 5 7 2015 9 7 2014 5 7 V-5

O2O 2015 11 13 6. 7. (a) 2014 7 4 50% 750,000 (b) 2014 9 18 10% 150,000 (c) 2014 10 13 20% 300,000 (d) 2014 11 29 V-6

5% 19,264 (e) 2014 12 1 10,000,000 (f) 2014 12 28 90% 9,000,000 (g) 2015 4 10 10,000,000 (h) Central Oscar 2015 2 3 150 20,000,000 (i) (i) 2015 2 3 90 12,000,000 (ii) Decision Holdings 2015 4 17 Decision Holdings (j) 2015 3 2015 6 29 Decision Holdings V-7

2015 4 17 (k) O2O 2015 7 17 (l) 2016 2 5 ( ) 70% 12,066,038 (m) (n) (o) 2015 11 5 8. 2015 12 31 V-8

9. (a) (b) Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands (c) 33 2 9 5 6 (d) (e) 10. 33 2 9 5 6 (a) (b) (c) 2015 12 31 (d) (e) (f) (g) (h) (i) V-9

Zhong Ao Home Group Limited 1538 2016 9 15 332 9 5 6 1. (a) 2016 7 26 A 210,000,000 70% (b) 2. (a) 2016 7 26 30% EGM-1

(b) 2016 8 26 1. 2. 3. 48 183 17M 4. 5. 6. 2016 9 13 2016 9 15 2016 9 12 183 17 1712 1716 EGM-2