2 3 4 8 11 31 36 41 49 57 66 67 68 70 72 74 160 161

2013/14 2

Conyers Dill & Pearman 601 603 C2 Clarendon House 2 Church Street Hamilton HM 11 Bermuda MUFG Fund Services (Bermuda) Limited 26 Burnaby Street Hamilton HM 11 Bermuda 183 22 www.chunwo.com 00711 3 2013/14

1 2013 6 1 2 2 2013 2013 8 2013/14 4

3 2013 8 4 2013 9 27.1 323,305 5 Reem Diamond 2013 9 Reem Diamond 48 3 5 5 2013/14

6 2013 9 7 2014 1 452014 1 25 6 7 7 2013/14 6

8 VMV 2014 1 VMV 7 9 2014 3 2015 10 25.45 2014 2016 12.26 11209 8.35 1108 6.97 5.79 9 8 7 2013/14

2013/14 8

2014 3 31 93,000,00020%10% 288.1 253.4 90% 2014 5 9 2013/14

2014 6 10% 2014 2014 6 24 2013/14 10

2013/14 2012/13 1 6,551,240 4,891,770 93,009 77,775 8.95 7.93 1.7 1.4 ** 1.52 1.55 ** 2014 3 312013 3 31 1 1131 11 1.720131.4 2014 9 3 2014 9 19 2014 8 182014 8 22 2014 8 154 30 183 22 2014 8 282014 9 3 2014 8 274 30 11 2013/14

2013/14 12

2 1 3 4 1 2 3 4 13 2013/14

65.534% 10%13% 8.95 20% 93,000,000 58.940.6 57,200,00041,700,000 2014 3 31288.1146.3 2013 3 3114% 19% 84.2 14 78.6 24.5 2013/14 14

2013 11 3.352013 8 8 2013 11 22 2014 1 17 15 2013/14

2013/14 16

1 1 2 3 2 12 531 3 4 4 17 2013/14

1 2015 9 579 2 12 531 2015 7 564 3 2016 8 423 4 2014 11 218 5 2015 5 213 6 2014 8 191 7 2019 8 2,545 8 2014 2016 2017 1 1,226 9 1108 2018 4 697 10 C5115-13C 2016 8 82 11 2 6 2014 10 88 12 26 2015 4 102 13 11209 2016 5 835 14 K0109-11C 2015 3 101 2013/14 18

1 38380 79 2 368 3 92 4 3 236 5 17 104 6 39 5 87 1 2014 6 541 2 (K23) 2015 3 452 3 55 2014 4 389 4 106 114 2014 5 345 5 (K20) 2014 12 340 6 2014 6 196 19 2013/14

7 2018 5 2,412 8 9 2017 9 2,362 2016 10 1,134 10 2018 4 711 11 2014 8 711 12 1107 13 1002 14 2018 4 534 2015 5 428 2015 3 347 15 2014 8 223 16 2015 2 192 17 117 2014 7 165 18 1119 2015 12 58 19 771B 20 965B 2014 6 112 2015 7 99 2013/14 20

21 2014 12 211 22 A B 2014 10 153 23 E 2015 8 700 24 2015 8 543 25 2015 4 431 26 2014 12 362 27 28 2016 3 361 2017 10 349 29 2014 12 317 30 2011 2014 ( ) 2014 10 292 31 2014 5 275 32 L 2014 8 220 33 830 2015 5 526 21 2013/14

2013/14 22

8 1 1 2 3 2 3 4 4 23 2013/14

356,300,000588,600,000 27.1 323,3052017 90% 2013 6 2014 523,700 137,000 8 92014 3 3198 84% 2014 3 3199%98% Reem Diamond2014 4Reem Diamond 21% 2013 12 353,800,0002014 6 40% 6% 2013/14 24

25 2013/14

1 3 4 1 Reem Diamond Residence 2 3 4 2 2013/14 26

27 2013/14

2014 3 31 1,198,300,000 2,523,800,000 1,325,500,0002014 3 31 2014 3 31 2013 3 31 2,004.2 1,652.7 18.4 61.9 15.8 9.0 26.6 25.8 243.8 199.6 6.6 2,308.8 1,955.6 150.0 150.0 55.0 10.0 2,523.8 2,105.6 2014 3 310.73 2013 3 310.79 2013/14 28

2014 3 311,403,900,000 40 2014 3 314,9702014 3 31 1,157,800,000 2014 4 1787 2014 4 29 2013/14

18 2014 5 10% 2013/14 30

45 1 2 1 2013 2013 4 52013 4 2628 2013 2 2013 5 4 31 2013/14

3 4 5 3 2013 6 602013 6 8 4 2013 8 2013 8 360 24 5 2013 8 2013 8 24 2013/14 32

6 2013 2013 10 20132013 10 14 4 x 100 60 7 2013 11 200 2013 11 30 8 2013 2013 12 2013 12 8 6 7 8 33 2013/14

9 10 9 2014 2 2014 2014 2 15 10 2014 2014 2 2014 2 16 2014 10 2013/14 34

11 2014 3 502014 3 15 12 2014 2014 3 2014 3 162014 13 2014 2014 3 30 2014 3 23 2014 11 12 13 35 2013/14

45 0.160.6 2009 0.34 <0.24 0.30 0.24 = x 100,000 0.18 0.16 2009 2010 2011 2012 2013 2012 2013/14 36

2013 1 2 1 2013 2 4 3 3 4 37 2013/14

1 2013 2 2013100 3 2012/2013 4 2013 5 2013 6 2012 7 2013 8 2012 9 (2013) 10 2012 11 2013 2013 12 2013/14 38

13 DNV 14 15 2013 16 2013 14 39 2013/14

2013/14 40

BA, MBA, JD 4119951998 2010Kellogg-HKUST 2003 2010 4 BSc, MEng, MBA, PhD, MICE, PE(US) 3919971998 20072014 3132001 2010 4 BSc(CEng), MICE, MHKIE, RSE, RPE 611974 1981 401992 71999 2 631975 351992 7 41 2013/14

68 1989 2008 1998 CEC 1992 19941988 19941992 7 2005 41998 122005 8 MBA, FCPA, ACMA, MHKSI 5520 2004 9 2005 82006 1 6743 A 20042006 2006 1 2013/14 42

, OBE, 721964 491994 81999 8 1999 82002 8 2006 1 PhD, MSc, DIC, BSc(Eng), MIStructE, MHKIE, RPE(Struct), PEng 621973University of Waterloo Imperial College (Professional Engineers Ontario) 338 2008 9 FCHKRI, MPWI 711961Sheffield College of Technology 53 1977 20004 2009 3 Chun Wo Holdings (Thailand) Co., Ltd. Chun Wo (Thailand) Co., Ltd. 43 2013/14

BSc(Eng), MSc(Eng), CEng, MICE, FHKIE, RPE(Civil), AFCHKRI 5019861994 University of Sheffield 2011 272006 3 2012 8 BSc(Hons), FCIOB, MHKIE, FHKICM, RPE 611980 1998 36 561980 38 1984 19871989 2006 4 BscCivil, MHKIE, RPE(Civil) 591980 33 2005 2007 9 FHKIE, CEng, MICE, MIStructE, MCIArb, RPE(Civil, Structural) 551982 1983CEI 32 2013 2013 3 2013/14 44

BSc, MHKIE, MICE, CEng, PEng, RPE 591979 34 2010 BA(AS), B Building, Dip Proj Man(RICS), FRICS, FHKIS, ACIArb, RPS(QS) 5619801982 33 1998 2005 20112011 8 BSc, MASCE, FHKIE, FHKIHT, FICES 571982 2006 2008 2005 20082011 201331 2013 4 MBA, RPE, MHKIE, RSO 572010 2 2011 121980 2005 34 45 2013/14

MFin, ACA, FCPA, FCCA 48Curtin University of Technology 2012 4 BEng(Hons), CEng, MICE 68Sheffield University 2009 45 Bsc 551981 312012 10 BA(AS), B.Arch, HKIA,,, 521986 282008 BBus., MEcon., FCPA(Aust.), CPA, CTA, ACMA, ISCA, ATIHK, CGMA 472013 2001 2008 2013/14 46

MCIOB, MAIB 5319831987 30 1991 1999 3 BEng(Hons), MSc(C.Mgt), MHKICM, MHKIVM, BEAM Pro 452008 2010 20122008 2009 32011 4 BSc, MICE, CEng, MCIArb, MHIE, RPE(Civil) 591978 Brighton Polytechnic 332004 2009 2 MISM, MIPSA 58 17 1997 2006 6 2007 6 MBA, BSc(Eng), MHKIE, MICE, RPE(Civil) 601977 1995 37 2002 200620112012 5 47 2013/14

Dip(Eng), LLB(Hons), MA(ArbDR), MSc(C.Mgt), MRICS, MICE, MHKIE, MASCE, FCIArb, FHKIArb, CEng 58198119951998 2004University of Wolverhampton 2008 332008 12 2011 11 2013/14 48

A.4.2A.4.2 49 2013/14

50% 3.13 2013/14 50

4/4 1/1 1/1 4/4 1/1 1/1 4/4 1/1 4/4 1/1 4/4 2/2 1/1 1/1 1/1 4/4 2/2 1/1 1/1 4/4 2/2 1/1 4/4 1/1 1/1 51 2013/14

1993 4 2007 3 2005 4 6 2013/14 52

2013/2014 11B.1.5 1,000,000 1 1,000,0012,000,000 10 2,000,0013,000,000 5 3,000,0014,000,000 6 2005 4 6 53 2013/14

(i) (ii) (iii) 2013 1998 12 17 (i) 2013 3 31 (ii) 2013 (iii) (iv) 2013 9 30 (v) 2013/14 54

3,717,000 1,540,000 15 Clarendon House, 2 Church Street, Hamilton HM11, Bermuda 601 603C2 1981 55 2013/14

3 (852) 2744 6937info@chunwo.com (www.chunwo.com) 2013/14 56

67 1.720131.4 2014 9 3 2014 9 19 160 2014 3 31 15 96,300,000 14 57 2013/14

32 33 34 28 29 8 2014 3 31 44 45 46 2014 3 31 52,552 284,628 337,180 70 71 2002 8 282012 9 3 34 4148 2013/14 58

87169(2) 11 59 2013/14

42 2014 3 31 2014 3 31352 XV (I) 10,148,875 610,042,884 620,191,759 57.26% 1 5,680,000 610,042,884 615,722,884 56.85% 1 1,000,000 1,000,000 0.09% 3,650,000 860,000 4,510,000 0.42% 2 601,816 601,816 0.06% 1. GT Winners Limited 45%GT Winners Limited 2. 2013/14 60

(II) 1 2 747,000 1,479,000 2,226,000 0.21% 6,326,000 6,326,000 0.58% 3,326,000 3,326,000 0.31% 1. 2. 8,437,500 Chun Wo Hong Kong Limited 2014 3 31 XV 61 2013/14

2013 2014 4 1 3 31 2/4/2007 1.01 10/4/2007 1/4/2017 747,000 747,000 15/1/2010 0.65 15/1/2011 14/1/2014 285,000 (285,000) 15/1/2010 0.65 15/1/2012 14/1/2014 285,000 (285,000) 15/1/2010 0.65 15/1/2013 14/1/2014 380,000 (380,000) 15/1/2010 0.65 15/1/2011 14/1/2014 510,000 (510,000) 15/1/2010 0.65 15/1/2012 14/1/2014 510,000 (510,000) 15/1/2010 0.65 15/1/2013 14/1/2014 680,000 (680,000) 13/8/2004 0.904 21/8/2004 12/8/2014 6,326,000 6,326,000 15/1/2010 0.65 15/1/2011 14/1/2014 480,000 (480,000) 15/1/2010 0.65 15/1/2012 14/1/2014 480,000 (480,000) 15/1/2010 0.65 15/1/2013 14/1/2014 640,000 (640,000) 13/8/2004 0.904 21/8/2004 12/8/2014 3,326,000 3,326,000 15/1/2010 0.65 15/1/2011 14/1/2014 810,000 (810,000) 15/1/2010 0.65 15/1/2012 14/1/2014 810,000 (810,000) 15/1/2010 0.65 15/1/2013 14/1/2014 1,080,000 (1,080,000) 15/1/2010 0.65 15/1/2011 14/1/2014 90,000 (90,000) 15/1/2010 0.65 15/1/2012 14/1/2014 90,000 (90,000) 15/1/2010 0.65 15/1/2013 14/1/2014 120,000 (120,000) 2013/14 62

2013 2014 4 1 3 31 15/1/2010 0.65 15/1/2011 14/1/2014 90,000 (90,000) 15/1/2010 0.65 15/1/2012 14/1/2014 90,000 (90,000) 15/1/2010 0.65 15/1/2013 14/1/2014 120,000 (120,000) 15/1/2010 0.65 15/1/2011 14/1/2014 90,000 (90,000) 15/1/2010 0.65 15/1/2012 14/1/2014 90,000 (90,000) 15/1/2010 0.65 15/1/2013 14/1/2014 120,000 (120,000) 15/1/2010 0.65 15/1/2011 14/1/2014 90,000 (90,000) 15/1/2010 0.65 15/1/2012 14/1/2014 90,000 (90,000) 15/1/2010 0.65 15/1/2013 14/1/2014 120,000 (120,000) 13/8/2004 0.904 21/8/2004 12/8/2014 1,464,000 1,464,000 2/4/2007 1.01 10/4/2007 1/4/2017 747,000 747,000 15/1/2010 0.65 15/1/2011 14/1/2014 834,600 (834,600) 15/1/2010 0.65 15/1/2012 14/1/2014 834,600 (834,600) 15/1/2010 0.65 15/1/2013 14/1/2014 1,112,800 (1,112,800) 23,542,000 (10,932,000) 12,610,000 34 63 2013/14

2014 3 31336 5% GT Winners Limited 610,042,884 56.32% GT Winners Limited 45%GT Winners Limited 2014 3 31 5% 2013/14 64

42 14A.65 30 70% 39%30% 5% 1,771,000 2014 6 24 65 2013/14

CHUN WO DEVELOPMENT HOLDINGS LIMITED* 67159 2014 3 31 90 2014 3 31 2014 6 24 * 2013/14 66

2014 3 31 2014 2013 7 6,551,240 4,891,770 (6,136,466) (4,451,824) 414,774 439,946 27,624 18,982 22,772 20,326 15 34,750 10,271 (15,004) (6,978) (313,818) (305,237) 10,128 11,893 8 (41,405) (43,638) 139,821 145,565 9 (46,498) (67,790) 10 93,323 77,775 9,074 (5,228) (22,313) (17,484) (216) (694) (13,455) (23,406) 79,868 54,369 93,009 77,775 314 93,323 77,775 79,554 54,369 314 79,868 54,369 13 8.95 7.93 8.90 7.90 67 2013/14

2014 3 31 2014 3 31 2013 3 31 2012 4 1 14 279,237 231,225 218,682 15 60,982 386,595 422,622 16 66,083 62,088 66,387 31 7,768 6,586 10,015 17 103,611 103,345 103,420 18 154,200 671,881 789,839 821,126 19 1,466,461 1,276,578 722,357 20 1,289,232 914,016 793,158 21 773,242 847,287 642,587 21 224,880 212,080 179,783 233,741 319,791 457,088 24,404 21,324 36,004 22 220 341 468 23 16,055 705 705 23 232,260 125,047 58,502 8,254 1,842 17,111 24 504,584 295,015 277,724 24 820,930 607,615 599,731 5,594,263 4,621,641 3,785,218 25 353,800 6,321 5,948,063 4,627,962 3,785,218 19 893,991 466,649 294,347 26 1,346,417 1,029,049 953,958 14,632 95,964 63,646 27 20,151 15,902 15,893 27 163,025 74,190 28,797 27 10,006 4,026 49,774 83,111 95,568 28 18,642 16,531 15,864 29 2,030,576 1,730,488 1,429,225 30 150,000 4,697,214 3,515,910 2,897,298 1,250,849 1,112,052 887,920 1,922,730 1,901,891 1,709,046 2013/14 68

2014 3 31 2014 3 31 2013 3 31 2012 4 1 28 28,305 16,802 15,250 29 231,284 191,784 48,189 30 150,000 150,000 31 18,595 12,340 16,381 278,184 370,926 229,820 1,644,546 1,530,965 1,479,226 32 108,310 98,777 97,864 1,535,572 1,431,838 1,381,012 1,643,882 1,530,615 1,478,876 664 350 350 1,644,546 1,530,965 1,479,226 671592014 6 24 69 2013/14

2014 3 31 2012 4 1 97,864 386,636 2,900 9,107 8,531 119,440 9,765 844,633 1,478,876 350 1,479,226 77,775 77,775 77,775 (5,228) (5,228) (5,228) (694) (694) (694) (9,765) 9,765 (17,484) (17,484) (17,484) (23,406) (9,765) 87,540 54,369 54,369 (7,829) (7,829) (7,829) 1,263 1,263 1,263 215 860 1,075 1,075 698 2,163 2,861 2,861 (2,711) 2,711 2013 3 31 98,777 389,659 2,900 7,659 8,531 96,034 927,055 1,530,615 350 1,530,965 93,009 93,009 314 93,323 9,074 9,074 9,074 (216) (216) (216) (22,313) (22,313) (22,313) (13,455) 93,009 79,554 314 79,868 (13,878) (13,878) (13,878) 516 516 516 8,875 35,503 44,378 44,378 658 2,039 2,697 2,697 (7,085) 7,085 2014 3 31 108,310 427,201 2,900 1,090 8,531 82,579 1,013,271 1,643,882 664 1,644,546 2013/14 70

2014 3 31 (i)7,340,000 1993(ii) 2010 3 31Mandarin Group Limited62% 10,240,000 1997 3 31 71 2013/14

2014 3 31 2014 2013 139,821 145,565 41,405 43,638 (12,489) (6,065) (10,128) (11,893) 6,859 14,233 (22,313) (17,484) (34,750) (10,271) 516 1,263 121 127 (956) (3,467) 12,076 14,780 24,553 1,225 6,485 124,091 198,760 304,425 (332,160) (433,197) (132,900) 68,860 (225,739) (12,981) (32,242) 89,122 126,201 (4,305) 8,198 (52,235) (56,045) 320,508 74,867 (81,954) 32,178 23,857 45,393 (3,920) (2,875) 4,026 339,396 (289,463) (82,365) (65,725) 257,031 (355,188) 2013/14 72

2014 3 31 2014 2013 9,080 15,498 3,804 10,042 51,157 52,509 6,321 12,489 6,065 (1,825) (54,978) (10,500) (154,200) (60,430) (43,313) (374,248) (128,424) 167,105 111,508 (395,725) 13,385 64,978 10,000 1,552,170 1,184,348 (1,517,612) (1,109,535) 2,175,793 1,206,876 (1,856,402) (835,425) (15,474) (1,770) (22,263) (19,497) (74,414) (64,640) 47,075 3,936 (13,878) (7,829) 349,973 356,464 211,279 14,661 607,615 599,731 2,036 (6,777) 820,930 607,615 73 2013/14

2014 3 31 1. GT Winners Limited 44 2. 7 10 11 12 10 11 12 13 192011 272011 282011 1 20 20092011 1 2013/14 74

2014 3 31 2. 10 1112 272011282011 1011 12 272011 10 1027 1210 (a)(b) (c) 10 10 2013 4 1 75 2013/14

2014 3 31 2. 11 1131 1328 201111 11 11 31 31 1131 11 2013 12 12 12 2013/14 76

2014 3 31 2. 13 1313 1313 217 13 13 13 1313 2013132014 15 13 1 11 1 1 (a) (b) 1 77 2013/14

2014 3 31 2. 11 2013 1,086,439 (1,005,999) (65,648) 689 (14,117) (1,364) 2013/14 78

2014 3 31 2. 112012 4 1 2012 4 1 2012 4 1 215,890 2,792 218,682 77,626 (77,626) 564,814 157,543 722,357 578,998 214,160 793,158 54,581 (54,581) 58,502 58,502 17,010 101 17,111 242,082 35,642 277,724 414,944 184,787 599,731 (120,476) (173,871) (294,347) (765,213) (188,745) (953,958) (69,905) 69,905 (28,797) (28,797) (82,796) (12,772) (95,568) (1,242,185) (187,040) (1,429,225) 1,593,856 1,593,856 1,479,226 1,479,226 79 2013/14

2014 3 31 2. 112013 3 31 2013 3 31 2013 3 31 228,853 2,372 231,225 67,444 (67,444) 743,609 532,969 1,276,578 710,261 203,755 914,016 187,334 (187,334) 125,047 125,047 639 1,203 1,842 237,670 57,345 295,015 405,547 202,068 607,615 (205,025) (261,624) (466,649) (825,960) (203,089) (1,029,049) (45,094) 45,094 (74,190) (74,190) (76,839) (6,272) (83,111) (1,360,588) (369,900) (1,730,488) 1,463,114 1,463,114 1,530,965 1,530,965 2013/14 80

2014 3 31 2. 11 2013 3 31 (135,564) (21,502) 174,341 17,275 9 3 9 7 9 3 10 1 12 27 11 5 16 5 38 19 2 32 1 36 1 39 1 20102012 4 20112013 2 21 1 1 2014 1 1 2 2014 7 1 3 9 4 2014 7 1 5 2016 1 1 81 2013/14

2014 3 31 2. 9 2009 99 20102013 9 39 9 9 39 9 2013/14 82

2014 3 31 3. 2 17 236 83 2013/14

2014 3 31 3. (i) (ii) 39 2013/14 84

2014 3 31 3. 85 2013/14

2014 3 31 3. 39 36 36 39 2013/14 86

2014 3 31 3. 87 2013/14

2014 3 31 3. 2013/14 88

2014 3 31 3. 89 2013/14

2014 3 31 3. 39 2013/14 90

2014 3 31 3. 91 2013/14

2014 3 31 3. 2013/14 92

2014 3 31 3. 93 2013/14

2014 3 31 3. 2013/14 94

2014 3 31 3. (i) 37 (ii) 95 2013/14

2014 3 31 3. 2013/14 96

2014 3 31 3. 97 2013/14

2014 3 31 3. 2002 11 72005 4 1 2013/14 98

2014 3 31 3. 2002 11 7 2005 4 12 4. 3 99 2013/14

2014 3 31 4. 12 10 31 31 11 31 11 2013/14 100

2014 3 31 4. 3.352013 8 8 2013 11 22 2014 3 31 2016 101 2013/14

2014 3 31 4. 2014 3 3161,000,0002013387,000,000 2014 3 31 85,183,000201370,403,000 2014 3 31146,268,000 2013123,560,0003120142013 3 31 397,006,000362,563,000 2013/14 102

2014 3 31 4. 2014 3 31 2014 3 31 27,155,000 2013 3 31 5. 29 6. A. 2014 2013 220 341 3,009,996 1,929,512 3,850,688 3,188,000 103 2013/14

2014 3 31 6. B. (i) 2014 2013 2014 2013 858 37 3,135 5,314 618 808 22,764 2,468 134,613,0002013 150,172,000 2013/14 104

2014 3 31 6. B. (i) 5% 20135% 5% 20135% 2014 2013 2014 2013 43 2 6,731 7,509 (109) (9) (1,138) (123) 105 2013/14

2014 3 31 6. B. (ii) 29 30 100 2013100 1002013100 2014 3 3110,555,000201310,836,000 (iii) 5% 20135%2014 3 31 11,000201317,000 2013/14 106

2014 3 31 6. B. 40 201365% 201361% 107 2013/14

2014 3 31 6. B. 29 2014 3 31 % 2014 979,620 266,026 1,245,646 1,245,646 7.25 157,039 157,039 150,000 98,047 98,047 98,047 2.51 56,356 56,356 54,978 3.00 10,050 10,050 10,000 20,151 20,151 20,151 10,006 10,006 10,006 2.80 2,030,576 251,226 2,281,802 2,261,860 2.72 19,630 29,048 48,678 46,947 789,741 789,741 4,171,216 546,300 4,717,516 3,897,635 2013/14 108

2014 3 31 6. B. 2013 3 31 % 2013 806,793 214,817 1,021,610 1,021,610 7.25 10,875 157,039 167,914 150,000 74,190 74,190 74,190 15,902 15,902 15,902 4,026 4,026 4,026 3.27 1,730,488 213,873 1,944,361 1,922,272 2.97 17,263 17,283 34,546 33,333 765,065 765,065 3,424,602 603,012 4,027,614 3,221,333 2014 3 312013 3 312,030,576,0001,730,488,000 109 2013/14

2014 3 31 6. B. 2014 2,013,003 47,612 2,060,615 2,030,576 2013 1,669,193 92,443 6,765 1,768,401 1,730,488 C. 2013/14 110

2014 3 31 6. C. 2014 2013 220 341 7. 1. 2. 3. 4. 5. 111 2013/14

2014 3 31 7. 2014 3 31 5,891,362 356,297 12,430 291,151 6,551,240 59,115 57,920 45,180 16,955 (486) 178,684 (1,892) 8,552 3,468 10,128 57,223 66,472 48,648 16,955 (486) 188,812 (20,075) 12,489 (41,405) 139,821 (46,498) 93,323 2013/14 112

2014 3 31 7. 2013 3 31 4,055,239 588,648 12,661 235,222 4,891,770 41,740 114,173 24,274 9,831 (492) 189,526 8,771 3,122 11,893 41,740 122,944 27,396 9,831 (492) 201,419 (18,281) 6,065 (43,638) 145,565 (67,790) 77,775 3 113 2013/14

2014 3 31 7. 2014 5,537 370 952 6,859 34,750 34,750 783 120 53 956 14,780 14,780 1,225 1,225 2013 13,165 508 560 14,233 10,271 10,271 3,581 (58) (56) 3,467 12,076 12,076 24,553 24,553 6,485 6,485 2013/14 114

2014 3 31 7. (i)(ii) 2014 2013 2014 2013 5,529,132 4,275,636 327,237 597,225 645,297 20,161 268 97 376,064 595,114 4,795 5,201 747 859 74,002 77,385 6,551,240 4,891,770 406,302 679,908 10%20132,540,562,000 20131,995,004,0001,071,827,0002013495,784,0002013 419,000,000 115 2013/14

2014 3 31 8. 2014 2013 61,831 52,769 10,875 10,875 1,245 996 463 74,414 64,640 (27,654) (18,785) (5,355) (2,217) 41,405 43,638 2013/14 116

2014 3 31 9. 2014 2013 9,795 11,599 92 (657) 9,887 10,942 18,968 39,444 1,818 2,904 20,786 42,348 8,574 19,940 4,267 8,574 24,207 4,355 199 (3,119) 4,355 (2,920) 31 2,896 (6,787) 46,498 67,790 16.5% 25% 117 2013/14

2014 3 31 9. 2008 10% 173,143,0002013185,694,000 31 2014 2013 139,821 145,565 16.5% 23,070 24,018 (1,671) (1,962) 13,874 25,202 (10,716) (4,146) 1,910 3,395 11,458 21,951 (2,048) (10,397) (3,432) (3,251) 5,422 1,034 8,574 19,940 (2,143) (4,985) 2,200 (3,009) 46,498 67,790 2013/14 118

2014 3 31 10. 2014 2013 3,717 4,171 1,169 79 4,886 4,250 45,183 45,207 (38,324) (30,974) 6,859 14,233 121 127 12,076 14,780 24,553 1,225 6,485 (956) (3,467) 22,664 18,480 93,542 71,796 116,206 90,276 (108,750) (82,241) 7,456 8,035 516 1,263 1,385,611 1,058,234 (916,120) (651,126) (7,719) (7,867) 461,772 399,241 3,014 2,541 (12,489) (6,065) 203 498 1,443,000 20131,139,000 (14,341) (11,522) 2013 (22,313) (17,484) 119 2013/14

2014 3 31 11. (A) 2013 2014 3,177 15 3,192 3,296 15 3,311 2,663 15 2,678 2,003 15 2,018 222 222 222 222 222 222 222 222 888 11,139 60 12,087 2013 3,134 15 51 3,200 3,248 15 48 3,311 2,876 15 81 2,972 2,003 15 28 2,046 220 9 229 220 9 229 220 9 229 220 9 229 880 11,261 60 244 12,445 2013/14 120

2014 3 31 11. (B) 2013 2013 2014 2013 10,454 9,879 30 29 80 10,484 9,988 2014 2013 3,000,0013,500,000 1 2 3,500,0014,000,000 2 1 12. 2014 2013 20131.4 20120.8 13,878 7,829 2014 3 311.720131.4 121 2013/14

2014 3 31 13. 2014 2013 93,009 77,775 2014 2013 1,038,788,979 980,286,665 1,980,936 3,320,266 4,440,341 1,378,910 1,045,210,256 984,985,841 2013/14 122

2014 3 31 14. 2012 4 1 65,772 508,235 50,810 57,545 682,362 292 5 23 320 44,624 19,869 536 65,029 (1,172) (1,172) (2,595) (12,844) (3,652) (4,318) (23,409) 2013 3 31 62,005 540,307 67,032 53,786 723,130 (26) (26) 68,852 19,760 7,695 96,307 (5,165) (6,207) (1,565) (12,937) 2014 3 31 62,005 603,994 80,585 59,890 806,474 2012 4 1 24,664 367,814 36,378 34,824 463,680 168 4 36 208 1,598 34,739 5,399 3,471 45,207 (356) (356) (464) (11,884) (2,967) (1,519) (16,834) 2013 3 31 25,442 390,837 38,814 36,812 491,905 (24) (24) 1,533 31,208 9,387 3,055 45,183 (4,048) (4,594) (1,185) (9,827) 2014 3 31 26,975 417,997 43,607 38,658 527,237 2014 3 31 35,030 185,997 36,978 21,232 279,237 2013 3 31 36,563 149,470 28,218 16,974 231,225 123 2013/14

2014 3 31 14. 2% 4% 15% 25% 25% 15% 2014 2013 34,256 35,732 774 831 35,030 36,563 40,368,000 2013 36,507,000 18,175,000201313,332,000 2013/14 124

2014 3 31 15. 2014 2013 386,595 422,622 (16) 11,716 (353,800) (5,505) (6,547) (52,509) 34,750 10,271 60,982 386,595 25 2014 3 31Asteco Property Management LLC2013Chesterton International LLC 125 2013/14

2014 3 31 15. 9.50% 1,0942,311 2014 2013 50,000 370,000 10,982 16,595 60,982 386,595 50,000,000201343,000,000 2013/14 126

2014 3 31 16. 2014 2013 45,946 42,783 20,137 19,305 66,083 62,088 20142013 3 3145 2014 2013 710,595 698,141 (415,895) (410,667) 294,700 287,474 66,083 62,088 2014 2013 17,397 14,979 47,583 51,660 (916) (6,832) 10,128 11,893 (216) (694) 127 2013/14

2014 3 31 17. 18. 19. 2014 2013 23,132,552 18,100,826 (22,560,082) (17,290,897) 572,470 809,929 1,466,461 1,276,578 (893,991) (466,649) 572,470 809,929 2013/14 128

2014 3 31 20. 2014 2013 733,827 426,298 (534) (534) 733,293 425,764 441,861 308,428 44,610 126,154 147,290 (12,076) (12,076) 114,078 135,214 1,289,232 914,016 2014 2013 2,627 20,321 439,234 288,107 441,861 308,428 60 129 2013/14

2014 3 31 20. 733,293,0002013425,764,000 2014 2013 695,790 377,015 1 30 29,793 45,514 31 90 3,989 2,068 91 180 3,220 386 180 501 781 37,503 48,749 733,293 425,764 37,503,000201348,749,000 2014 2013 534 534 2013/14 130

2014 3 31 20. 12,076,000 201312,076,000 21. 773,242,0002013745,449,000 224,880,0002013212,080,000 2013 22. 2014 2013 220 341 131 2013/14

2014 3 31 23. 54,978,000 20132.25 2014 2013 194,914 77,685 37,346 47,362 232,260 125,047 24. 2014 3 31 1.07% 20131.18% 2014 3 31 1.15% 20130.63% 25. 2013 12353,800,000 2014 6 15 2013 16,559,000 2013 4 2013/14 132

2014 3 31 26. 730,758,0002013581,284,000 2014 2013 589,986 389,710 1 30 78,100 112,817 31 90 35,856 58,647 91 180 9,643 10,567 180 17,173 9,543 730,758 581,284 266,026,0002013214,817,000 27. 54,978,00010,000,0002013 2.25%3.00% 2014 2013 85,818 18,946 77,207 55,244 163,025 74,190 133 2013/14

2014 3 31 28. 2014 2013 2014 2013 19,630 17,263 18,642 16,531 16,360 9,342 15,817 9,019 12,688 7,941 12,488 7,783 48,678 34,546 46,947 33,333 (1,731) (1,213) 46,947 33,333 46,947 33,333 12 (18,642) (16,531) 12 28,305 16,802 2013 2.7% 4.9% 20132.3% 3.5% 2013/14 134

2014 3 31 29. 2014 2013 a 353,511 318,953 b 1,908,349 1,587,845 c 15,474 2,261,860 1,922,272 1,524,053 1,217,212 737,807 705,060 2,261,860 1,922,272 d 231,284 191,784 1,985,563 1,636,201 45,013 94,287 2,030,576 1,730,488 2,261,860 1,922,272 (2,030,576) (1,730,488) 231,284 191,784 135 2013/14

2014 3 31 29. (a) 2% 3.25% 20132% 3.25% (b) 1,908,349,00020131,519,775,000 1% 3.8% 20131.8% 3.8%2013 3 31 20% 1.5%1,524,053,00020131,201,738,000 384,296,0002013386,107,000 (c) 2013 3 31 0.925% (d) 30. 2011 11 23 150,000,0002011 11 232014 11 22 7.25% 2013/14 136

2014 3 31 31. 2012 4 1 (31,745) 24,659 5,422 (4,702) (6,366) (1,634) 1,903 6,518 6,787 (6,175) (6,175) 2013 3 31 (33,379) 20,387 11,940 (4,702) (5,754) (6,041) 5,924 (2,779) (2,896) (2,177) (2,177) 2014 3 31 (39,420) 24,134 9,161 (4,702) (10,827) 543,274,0002013486,123,000 146,268,0002013123,560,000 47,079,000201339,915,000 397,006,0002013362,563,000 2014 2013 7,768 6,586 (18,595) (12,340) (10,827) (5,754) 137 2013/14

2014 3 31 32. 2014 2013 2014 2013 0.1 1,500,000,000 1,500,000,000 150,000 150,000 987,765,285 978,638,531 98,777 97,864 88,755,691 2,148,754 8,875 215 6,578,000 6,978,000 658 698 1,083,098,976 987,765,285 108,310 98,777 20132014 3 3133 34 33. 2010 7 162010 9 3 0.1 2010 9 9171,748,312 2013 9 120.5 2014 3 3188,755,691 0.1 20132,148,7542013 9 12 2013/14 138

2014 3 31 34. 2012 9 32012 8 28 2002 8 28 (A) (i) (ii) 30% 10% 12 1% 301 12 (a) 0.1% (b) 5,000,000 139 2013/14

2014 3 31 34. (A) (i) (ii) 5 (iii) 2002 8 28102012 8 28 2014 3 31 2013 2014 4 1 3 31 3 2004 8 13 0.904 2004 8 21 2014 8 12 2007 4 2 1.010 2007 4 10 2017 4 1 2010 1 15 0.650 2011 1 15 2014 1 14 2010 1 15 0.650 2012 1 15 2014 1 14 2010 1 15 0.650 2013 1 15 2014 1 14 9,652,000 9,652,000 747,000 747,000 2,445,000 (2,445,000) 2,445,000 (2,445,000) 3,260,000 (3,260,000) 2012 1 17 0.410 2012 1 17 2014 1 16 2012 1 17 0.410 2013 1 17 2014 1 16 7,461,600 (3,946,800) (3,514,800) 4,974,400 (2,631,200) (2,343,200) 2013/14 140

2014 3 31 34. (A) 2014 3 31 2013 2014 4 1 3 31 3 2010 1 15 0.650 2011 1 15 2014 1 14 2010 1 15 0.650 2012 1 15 2014 1 14 2010 1 15 0.650 2013 1 15 2014 1 14 2012 1 17 0.410 2013 1 17 2014 1 16 113,400 (113,400) 113,400 (113,400) 151,200 (151,200) 500,000 (500,000) 1 2004 8 13 0.904 2004 8 21 2014 8 12 2007 4 2 1.010 2007 4 10 2017 4 1 2010 1 15 0.650 2011 1 15 2014 1 14 2010 1 15 0.650 2012 1 15 2014 1 14 2010 1 15 0.650 2013 1 15 2014 1 14 1,464,000 1,464,000 747,000 747,000 834,600 (834,600) 834,600 (834,600) 1,112,800 (1,112,800) 36,856,000 (6,578,000) (17,668,000) 12,610,000 12,610,000 0.657 0.410 0.564 0.917 141 2013/14

2014 3 31 34. (A) 2013 3 31 2012 2013 4 1 3 31 3 2004 8 13 0.904 2004 8 21 2014 8 12 2007 4 2 1.010 2007 4 10 2017 4 1 2010 1 15 0.650 2011 1 15 2014 1 14 2010 1 15 0.650 2012 1 15 2014 1 14 2010 1 15 0.650 2013 1 15 2014 1 14 9,652,000 9,652,000 747,000 747,000 2,445,000 2,445,000 2,445,000 2,445,000 3,260,000 3,260,000 2012 1 17 0.410 2012 1 17 2014 1 16 2012 1 17 0.410 2013 1 17 2014 1 16 12,494,400 (4,126,800) (906,000) 7,461,600 8,329,600 (2,101,200) (1,254,000) 4,974,400 2010 1 15 0.650 2011 1 15 2014 1 14 2010 1 15 0.650 2012 1 15 2014 1 14 2010 1 15 0.650 2013 1 15 2014 1 14 2010 3 22 0.660 2010 3 22 2013 3 21 2012 1 17 0.410 2012 1 17 2014 1 16 2012 1 17 0.410 2013 1 17 2014 1 16 113,400 113,400 113,400 113,400 151,200 151,200 75,757 (75,757) 750,000 (750,000) 500,000 500,000 2013/14 142

2014 3 31 34. (A) 2013 3 31 2012 2013 4 1 3 31 3 1 2004 8 13 0.904 2004 8 21 2014 8 12 2007 4 2 1.010 2007 4 10 2017 4 1 2010 1 15 0.650 2011 1 15 2014 1 14 2010 1 15 0.650 2012 1 15 2014 1 14 2010 1 15 0.650 2013 1 15 2014 1 14 1,464,000 1,464,000 747,000 747,000 834,600 834,600 834,600 834,600 1,112,800 1,112,800 46,069,757 (6,978,000) (2,235,757) 36,856,000 36,856,000 0.608 0.410 0.420 0.657 1. 2014 1 142014 8 122017 4 1 2. 2010 1 152012 1 172011 1 152012 1 15 2013 1 152013 1 17 3. 2014 3 310.412013 0.41 4. 20142013 3 31 143 2013/14

2014 3 31 34. (A) 2013 3 31 1,190,000 2014 3 31 12,610,000201336,856,0002014 3 311.2% 2013 3.7% (B) 2012 9 3 (i) (ii) 12 1% 301 2013/14 144

2014 3 31 34. (B) 12 (a) 0.1% (b) 5,000,000 (i) (ii) 5 (iii) 2012 9 310 145 2013/14

2014 3 31 34. (B) 2014 3 31 2013 2014 3 31 3 31 2013 2 20 0.660 2014 2 20 2017 2 19 2013 2 20 0.660 2015 2 20 2017 2 19 2013 2 20 0.660 2016 2 20 2017 2 19 2,133,600 (246,000) 1,887,600 2,133,600 (246,000) 1,887,600 2,844,800 (328,000) 2,516,800 7,112,000 (820,000) 6,292,000 1,887,600 0.66 0.66 0.66 2014 3 31 2013/14 146

2014 3 31 34. (B) 2013 3 31 2013 3 31 2013 2 20 0.660 2014 2 20 2017 2 19 2013 2 20 0.660 2015 2 20 2017 2 19 2013 2 20 0.660 2016 2 20 2017 2 19 2,133,600 2,133,600 2,133,600 2,133,600 2,844,800 2,844,800 7,112,000 7,112,000 0.66 2014 2 202015 2 19 2015 2 202016 2 19 2016 2 202017 2 19 30% 60% 100% 2014 3 31516,000 201373,000 147 2013/14

2014 3 31 34. (B) 2013 3 31 2013 2 20 0.660 0.660 2.50 35.49% 1.21% 0.30% 2013 2 20 0.660 0.660 3.00 38.21% 1.21% 0.37% 2013 2 20 0.660 0.660 3.50 39.19% 1.21% 0.45% 1 2 2014 3 316,292,0002013 7,112,0002014 3 310.58% 20130.72% 35. 3,634,000201317,727,000 35,811,000201314,315,000 2013/14 148

2014 3 31 35. 1,407,00020131,545,000 36. 2013 3 31265,884,000 17,484,000 37. 35,877,000201321,716,000 38. 2014 2013 14,710 9,811 149 2013/14

2014 3 31 39. 2014 2013 16,092 15,846 8,534 9,202 24,626 25,048 15,784,000201312,661,000 2014 2013 8,239 12,148 4,335 7,299 12,574 19,447 2013/14 150

2014 3 31 40. (A) 2014 2013 574,059 402,339 94,092 45,178 668,151 447,517 20,800 32,000 509,000 439,000 529,800 471,000 259,941 294,065 (B) 3.352013 8 8 2013 11 22 151 2013/14

2014 3 31 40. (B) 2014 3 31 2016 41. 2014 2013 50,000 370,000 353,800 45,840 46,437 449,669 421,542 504,584 295,015 1,403,893 1,132,994 2013/14 152

2014 3 31 42. (i) 30 2014 2013 2014 2013 2014 2013 5,537 3,920 1,381 10,875 10,875 20,800 32,000 (ii) 11 (iii) 17 18 23 27 30 153 2013/14

2014 3 31 43. 2014 2013 1,606,295 1,623,996 (732,515) (853,108) 873,780 770,888 108,310 98,777 765,470 672,111 873,780 770,888 44. 20142013 3 31 2014 2013 2014 2013 % % % % 200,000 100 100 100 100 291,000,000 100 100 100 100 9,000,000 a 2013/14 154

2014 3 31 44. 2014 2013 2014 2013 % % % % 15,000,000 100 100 100 100 14,000,000 100 100 100 100 1,000,000 100 100 100 100 19,000,000 100 100 100 100 100,000 100 100 100 100 3,400,000 1,000,000 100 100 100 100 100 100 100 100 155 2013/14

2014 3 31 44. 2014 2013 2014 2013 % % % % 1 100 100 100 100 2 100 100 100 100 1 100 100 100 100 1 100 100 100 100 Wealth Anchor Investments 1 100 100 Limited 15,000,000 100 100 100 100 150,000,000 100 100 100 100 18,000,000 100 100 100 100 2013/14 156

2014 3 31 44. (a) Chun Wo Hong Kong Limited (b) (c) 20142013 3 31 45. 20142013 3 31 2014 2013 % % 10 40 40 Vietnam Land (HK) Ltd. 25,000,000 20 20 157 2013/14

2014 3 31 46. 20142013 3 31 2014 2013 2 % % 1 1 70 70 60 60 Chun Wo CRGL QR Joint Venture 45 45 51 51 Chun Wo Henryvicy GTECH Joint Venture 55 55 50 50 Chun Wo Leader Joint Venture 49 49 CW SELI Joint Venture 50 50 50 JEC CW E&M Joint Venture 50 50 Kaden Chun Wo Joint Venture 49 2013/14 158

2014 3 31 46. 1 50% 2 159 2013/14

3 31 2010 2011 2012 2013 2014 2,606,241 3,002,446 3,193,402 4,891,770 6,551,240 26,062 (16,918) 109,079 145,565 139,821 5,028 (38,045) (56,726) (67,790) (46,498) 31,090 (54,963) 52,353 77,775 93,323 31,090 (54,963) 52,353 77,775 93,009 314 31,090 (54,963) 52,353 77,775 93,323 3 31 2010 2011 2012 2013 2014 3,657,073 3,902,006 4,606,344 5,417,801 6,619,944 (2,308,734) (2,546,627) (3,127,118) (3,886,836) (4,975,398) 1,348,339 1,355,379 1,479,226 1,530,965 1,644,546 1,347,989 1,355,029 1,478,876 1,530,615 1,643,882 350 350 350 350 664 1,348,339 1,355,379 1,479,226 1,530,965 1,644,546 201020112012 3 3120102011 3 31 11 2013/14 160

111,554 224,420 100% 8,576 397 100% Al Reem Island Shams Abu Dhabi S5-C35 2,425 22,715 100% Al Reem Island Shams Abu Dhabi S6-C05 1,646 5,644 100% Ras Al Khaimah Al Marjan Island 2APT002A 9,099 27,286 100% 84 86 55 57 14,506 174,072 100% 161 2013/14

8 6179 AI Muneera Island V4C-38 2013/14 162