目錄 2 董事長報告書 6 五年摘要 組織結構 7 公司資料 9 財務摘要 10 主要產品生產程序圖 11 董事及高級管理層履歷 管理層討論及分析 15 業務及財務回顧 31 其他財務資料 32 展望 32 未來計劃及近期發展 報告及財務資料 36 企業管治報告 43 董事會報告 49 獨立核數師報告 51 合併財務報表 131 股份資料 132 詞彙

2 2014 113.00.6% 6.26 23.8%

3 2014

4 2014 6,115 6,907 6,4823.0% 7.7%92.6 14.6%2.0 88.1% 8.2 25.7%8.3 27.4% 6.512.7% 20,613 52.7% 11.9% 3.4 61.4% 3%

136.9 45.2 33.0% 2.5%7.97 1.2% GDP 7% 5 2014

6 2014 6,416,425 8,399,246 11,111,920 11,366,722 11,297,696 1,565,054 1,519,673 1,637,455 2,099,443 2,166,865 1,071,329 716,436 490,213 634,697 774,176 966,051 604,137 426,553 506,132 626,428 4,277,621 6,326,641 7,665,681 8,170,547 9,334,995 2,442,644 3,532,681 4,305,271 4,448,621 4,359,282 6,720,265 9,859,322 11,970,952 12,619,168 13,694,277 2,424,699 3,388,364 5,758,722 4,110,788 4,067,139 1,150,301 3,064,255 2,417,222 3,689,594 4,258,072 3,145,265 3,406,703 3,795,008 4,818,786 5,369,066 57.75 35.15 23.03* 25.13 29.98 (%)1 24 18 15 19 19 (%)2 31 18 11 11 12 3 1.01 1.04 0.75 1.08 1.07 4 54 63 55 60 79 5 38 63 63 58 33 6 10 12 9 12 12 7 58 58 55 49 60 8 47 58 55 48 40 (%)9 23 36 37 36 33 1. 2. 3. 4. 365 5. 365 6. 365 7. 365 8. 365 9. *

7 2014 Cricket Square Hutchins Drive, P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 276600 178 11 1102 CPA FCCA Royal Bank of Canada Trust Company (Cayman) Limited CUSIP 35953H105 1 20 546 www.fufeng-group.com

8 2014

9 2014 0.9% 6.8% 12.1% 6.6% 60.3% 57.8% 10.9% 11.6% 1.2% 2.7% 1.9% 0.6% 6.5% 6.0% 12.9% 1.2% 2014 2013 13.9% 6.9% 4.2% 5.0% 53.2% 0.3% 11.9% 3.0% 2.9% 1.9% 6.7% 4.1% 14.2% 0.4% 12.8% 1.4% 55.6% 1.6% 2014 2013 0 200 400 600 800 1,000 966.1 604.1 426.6 506.1 626.4 0 2,000 4,000 6,000 8,000 10,000 12,000 3,585.3 4,632.9 6,416.4 8,399.2 11,111.9 11,366.7 11,297.7

10 2014 +

11 2014 63 Acquest Honour Summit Challenge Absolute Divine Expand Base Fufeng Singapore 33 Motivator Enterprises Limited 45.76% 53 23 Hero Elite 14.3% 3.28% 69,120,000 8,292,000 0.39% 45 21 Elite Chance Holdings Limited 1.58% 33,320,160

12 2014 46 24 Best Range Investments Limited 1.58% 33,320,160 36 9 XV 52 29 46 14 Empire Spring Investments Limited 1.58% 33,320,160 52 13 690

13 2014 47 AIG 17 425 60 30 XV

14 2014 36 14 51 10 14 46 23 Hero Elite14.3% 3.28% 69,120,000 40 15 50 1988 27 47 25 48 27 40 18 54 22 41 20 45 21

15 2014 11,297,700,000 11,366,700,000

16 2014 12,000 11,000 10,000 9,000 8,000 8,399.2 11,111.9 11,366.7 11,297.7 7,000 6,416.4 6,000 5,000 4,632.9 4.1%7.7% 4,000 3,585.3 3,000 2,000 1,000 0 27.4%12.7% 2,099,400,000 2,166,900,0003.2% 3.0% 18.4% 18.5% 19.2% 12.6% 14.6% 341,200,000 211,400,00061.4%

17 2014 54,99236,61350.2% 14,000 60,000 1,000,000 152,900,000

18 2014 % 11,297,696 11,366,722 (0.6) 2,166,865 2,099,443 3.2 % 19.2 18.5 0.7

19 2014 % 626,428 506,132 23.8 23.8% % % % 9,949,870 1,347,826 11,297,696 9,912,473 1,454,249 11,366,722 0.4 (7.3) (0.6) 1,456,452 710,413 2,166,865 1,251,517 847,926 2,099,443 16.4 (16.2) 3.2 14.6% 52.7% 19.2% 12.6% 58.3% 18.5% 2.0 (5.6) 0.7 492,340 644,982 189,240 757,218 160.2 (14.8) 8,683,179 3,658,365 9,735,742 2,548,438 (10.8) 43.6 4,022,494 1,071,167 4,346,701 516,701 (7.5) 107.3 4,660,685 2,587,198 5,389,041 2,031,737 (13.5) 27.3

20 2014 9,949,900,00037,400,000 0.4%925,620 7.7% % 6,015,937 6,323,148 (4.9) 37,217 45,507 (18.2) 476,401 762,054 (37.5) 1,572,653 1,616,789 (2.7) 778,430 470,864 65.3 566,033 327,126 73.0 341,219 211,373 61.4 19,381 34,684 (44.1) 10,419 8,070 29.1 132,180 112,858 17.1 9,949,870 9,912,473 0.4

21 2014 6,377 7,621 7,206 7,466 6,515 6,248 6,131 6,429 6,265 6,115 6,748 6,907 6,2953.0% 6,482 7.7%925,620 4.9% U 27.1% 942,900,000 742,500,000 705651 7.7% 2.7%

22 2014 65.3% 59.0% 251,037 250,000 2,983 3.9%3,099 50,000 73.0% 50.2% 54,992 8,93515.2% 10,293 14,000 341,200,000 211,400,000 1,456,452 1,251,517 16.4% (%) 14.6 12.6 2.0 1,456,500,000 2.014.6%

23 2014 30% 25% 20% 19.9% 15.5% 16.4% 15% 13.0% 12.5% 12.9% 10% 10.3% 9.8% 5% 0%

24 2014 % % % 5,368,246 62.1 5,055,865 58.7 6.2 108,847 1.3 247,573 2.9 (56.0) 117,519 1.4 175,549 2.0 (33.1) 899,717 10.4 957,742 11.1 (6.1) 579,431 6.7 553,133 6.4 4.8 524,421 6.1 492,567 5.7 6.5 1,048,065 12.0 1,128,999 13.2 (7.2) 8,646,246 100.0 8,611,428 100.0 0.4 62.1% 58.7% 1,875 3.4% 6.2%

25 2014 1,972 2,015 1,900 1,930 1,919 1,837 1.3% 2.9% 2,190 28011.3% 1.6% 1.4% 2.0% 244 7022.3% 10.4% 11.1% 18420 9.8%

26 2014 400 350 349 318 327 300 268 250 200 195 204 174 192 189 170 165 191 150 127 124 129 126 100 50 0

27 2014 % 995,000 1,050,000 (5.2) 942,926 983,227 (4.1) 94.8% 93.6% 790,000 820,000 (3.7) 761,276 791,810 (3.9) 96.4% 96.6% 1,025,000 1,100,000 (6.8) 901,240 982,355 (8.3) 87.9% 89.3% 250,000 190,000 31.6 252,157 162,463 55.2 100.9% 85.5%

28 2014 % 1,347,826 1,454,249 (7.3) 20,613 25,254 (18.4) 710,413 847,926 (16.2) (%) 52.7 58.3 (5.6) 82,000 65,250 25.7 83,095 65,200 27.4 101.3% 99.9% 1.4 1,454,200,000 7.3%1,347,800,000 56,94110.2% 90.2% 90.4%

29 2014 1,000 8,000 15,000 22,000 29,000 36,000 21,538 24,329 26,971 25,287 26,120 29,122 33,629 31,235 18,545 17,000 19,000 21,000 23,000 25,000 27,000 17,935 18,501 22,410 28,432 24,408 19,624 21,677 12.7% 7.3% 847,900,000 16.2%710,400,000 5.6

30 2014 % % % 340,027 41.8 304,228 45.5 11.8 80,138 9.9 58,957 8.8 35.9 133,096 16.4 122,751 18.4 8.4 61,539 7.6 45,497 6.8 35.3 99,419 12.2 60,329 9.0 64.8 99,289 12.1 76,466 11.5 29.8 813,508 100.0 668,228 100.0 21.7 41.8% 45.5% 1,943 90.5% 3.7% 304,200,000 340,000,000 11.8% 4,8656.9% 16.4% 18.4% 159 1810.2% 9.9% 8.8% 4,549

31 2014 83,100,000 15.4% 690,300,000 16,800,0002.4% 707,100,000 21,000,0005.7% 8,700,000 15% (2011) 58 15% 839,000,000 75,300,0009.0% 914,300,000 25%25%

32 2014 (i)(ii) (iii) 1) 2) 3)

33 2014 961,500,000 862,400,000 800,000,000 13,200,000 1,167,900,000 360,000,000 3,342,500,000 3,309,200,000 820,000,000 4.5 205,000,000 843,800,000 181,200,000 168,000,000 13,200,000 3.0 975,000,000 4.5 155,000,000 300,000,000 7.625

34 2014 600,000,0005.11 6,000 111,700,000 400,000,000 Acquest Honour Holdings Limited Summit Challenge Limited Absolute Divine Limited Expand Base Limited 13,694,300,000 12,619,200,000 4,515,600,000 4,477,100,000 33.0% 35.5% (Bank of New York Mellon) 20

35 2014 4.4 833,000 705,000 5,126,000 A.6.7 183 22 18322

36 2014 A.6.7 (i) (ii)

37 2014 3.13 21 10 15

38 2014 7

39 2014 8/8 8/8 8/8 7/8 8/8 8/8 7/8 8/8 8/8 7/8 8/8 1/8

40 2014 49 5,211 490 5,701

41 2014

42 2014 (http://www.fufeng-group.com) www.fufeng-group.com 2014 2014 2014 CEEMEA 2014

43 2014 35 54 3 2.38 2 1.59 62,627,000 49,720,000 4.4 3.49 92,823,000 73,536,000 16 18 7 15 486,032,000 645,022,000 87 (i) (ii)

44 2014 352 1 963,342,461 45.76% 2 8,292,000 0.39% 3 33,320,160 1.58% 4 33,320,160 1.58% 5 33,320,160 1.58%

45 2014 1. Motivator Enterprises Limited Motivator Enterprises Limited 2. 3. Elite Chance Holdings Limited Elite Chance Holdings Limited 4. Best Range Investments Limited Best Range Investments Limited 5. Empire Spring Investments Limited Empire Spring Investments Limited XV 352 5% 336 Motivator Enterprises Limited1 963,342,461 45.76% 2 963,342,461 45.76% JPMorgan Chase & Co. 138,344,171 6.57% 1. Motivator Enterprises Limited Motivator Enterprises Limited 2. Motivator Enterprises Limited963,342,461

46 2014 JPMorgan Chase & Co. 64,694,215 3.07% 336 18

47 2014 64,110,0005,000,000 17.03(13) 5,355,0003.20 5,355,224 (5,355,224) 3.20 45,808,585 (18,480,000) (2,506,014) 24,822,571 2.80 51,163,809 (18,480,000) (7,861,238) 24,822,571 59,441,000 2.99 8.14 2.81 3.20 8.20 3.00 1.0 5.0 3.0 5.0 3.0 5.0 46.85% 51.30 55.63% 46.04 51.34% 1.33% 3.14% 3.56% 1.088% 0.506 1.021% 1.032 1.745%

48 2014 30% 30% 36 833,000 705,000 5,126,000

49 2014 51130

50 2014

51 2014 6 1,748,704 506,289 7 7,470,082 7,575,975 8 2,554 51 11 113,655 88,232 9,334,995 8,170,547 12 1,946,014 1,516,878 13 1,451,721 2,069,339 14 164,983 56,405 14 796,564 805,999 4,359,282 4,448,621 13,694,277 12,619,168 15 205,243 203,644 15 73,536 65,925 565,450 636,948 16 206,770 194,143 18 4,318,067 3,718,126 5,369,066 4,818,786 19 536,550 360,121 20 3,702,482 3,309,187 11 19,040 20,286 4,258,072 3,689,594

52 2014 21 3,203,415 2,890,997 50,559 51,884 20 813,165 1,167,907 4,067,139 4,110,788 8,325,211 7,800,382 13,694,277 12,619,168 292,143 337,833 9,627,138 8,508,380 58130 51130

53 2014 7 125 249 9 427,933 427,933 428,058 428,182 9 1,703,565 1,855,110 9 1,410,368 1,320,676 13 625 1,913 14 53,811 298,523 3,168,369 3,476,222 3,596,427 3,904,404 15 205,243 203,644 15 73,536 65,925 565,450 636,948 16 94,217 106,216 18 (152,954) (57,851) 785,492 954,882 20 2,744,936 2,713,379 20 13,165 9 14,174 14,174 9 182,907 21 38,660 39,062 65,999 236,143 2,810,935 2,949,522 3,596,427 3,904,404 3,102,370 3,240,079 3,530,428 3,668,261 58130 51130

54 2014 5 11,297,696 11,366,722 23 (9,130,831) (9,267,279) 2,166,865 2,099,443 22 192,803 152,468 23 (706,243) (710,267) 23 (458,362) (541,490) 23 (74,681) (76,093) 26 936 1,120,382 924,997 27 76,879 27 (346,206) (367,179) 27 (346,206) (290,300) 774,176 634,697 28 (147,748) (128,565) 626,428 506,132 29 29.98 25.13 29 28.67 22.07 58130 31 123,256 99,184

55 2014 626,428 506,132 626,428 506,132 626,428 506,132 58130

56 2014 175,921 240,518 58,972 3,319,597 3,795,008 18 506,132 506,132 506,132 506,132 16, 18 83,243 (83,243) 16, 17 3,747 3,747 16, 18 (13,923) 8,899 (5,024) 15 27,858 465,324 493,182 16 62,104 62,104 15 (135) (2,969) (3,104) 18 (33,259) (33,259) 27,723 462,355 135,171 (107,603) 517,646 203,644 702,873 194,143 3,718,126 4,818,786 18 626,428 626,428 626,428 626,428 16, 18 24,626 (24,626) 15, 16 1,665 53,892 (14,551) 41,006 16, 17 2,552 2,552 15, 18 (66) (2,134) (1,861) (4,061) 15 (115,645) (115,645) 1,599 (63,887) 12,627 (26,487) (76,148) 205,243 638,986 206,770 4,318,067 5,369,066 58130

57 2014 32(a) 2,070,000 1,508,135 (297,782) (334,965) (130,492) (134,641) 1,641,726 1,038,529 6 (1,353,564) (147,625) (1,168,776) (1,219,848) 8 (3,611) (1,482) 23 (70,401) 23 70,401 19 96,103 32(b) 635,886 14,836 99,008 86,260 54,543 22 12,610 6,947 2,000 4,000 (8,000) (4,000) (1,602,084) (1,292,629) 41,006 493,182 20 594,690 20 951,403 (116,204) (33,259) 2,740,440 2,168,471 (2,750,258) (3,423,780) 20 (168,630) (4,061) (3,104) 40,000 (49,077) 578,973 (9,435) 324,873 14 805,999 481,126 14 796,564 805,999 58130

58 2014 1. Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 2. 2.1 32 4

59 2014 2. 2.1 2.1.1 (a) 32 32 36 2

60 2014 2. 2.1 2.1.1 (b) 8 16 38 24 3 13 40

61 2014 2. 2.1 2.1.1 (b) 27 5 7 19 34 1 1

62 2014 2. 2.1 2.1.1 (b) 15 1811 15 (c) 622 6229 358 6229

63 2014 2. 2.2 (a) (b) 2.3 2.4 (a)

64 2014 2. 2.4 (b) 2.5 40 70 2.6

65 2014 2. 2.6 15~20 8~10 3~8 5~8 2.8 2.7 (a) 20 (b) 10

66 2014 2. 2.8 2.9 (a) 2.11 2.12 (b) 2.11 (c)

67 2014 2. 2.10 2.11

68 2014 2. 2.12 2.13 2.14 2.15

69 2014 2. 2.16 2.17

70 2014 2. 2.18 (a) (b)

71 2014 2. 2.18 (c) 2.19 5%1,500 2.20 (a)

72 2014 2. 2.20 (a) (b) 2.21 2.22

73 2014 2. 2.23 (a) (b) 2.24 2.25

74 2014 2. 2.26 (a) (b) (c) (d) (e) (f) 2.27

75 2014 3. 3.1 (a) (i) 22%19% 13 14 20 10% 154,703,000 147,852,000

76 2014 3. 3.1 (a) (ii) 20 10% 5,247,000 685,000 (b) 10 (c)

77 2014 3. 3.1 (c) 813,200 2,475,700 1,376,023 (i) 245,523 135,799 75,004 2,196,367 3,255,090 2,611,499 1,451,027 1,167,907 13,200 3,556,066 (i) 228,727 199,674 188,143 2,135,476 3,532,110 212,874 3,744,209 13,200 1,835,700 1,056,023 (i) 169,371 99,236 58,500 182,571 1,934,936 1,114,523 13,200 2,956,066 (i) 169,311 169,014 157,483 169,311 182,214 3,113,549 (i)

78 2014 3. 3.2 40% 40% 20 4,515,647 4,477,094 13,694,277 12,619,168 32.97% 35.48% 3.3 7

79 2014 4. 4.1 2.8 4.2 4.3 4.4

80 2014 5. 78%81% 6,015,937 6,323,148 1,572,653 1,616,789 1,347,826 1,454,249 476,401 762,054 778,430 470,864 566,033 327,126 341,219 211,373 37,217 45,507 19,381 34,684 142,599 120,928 11,297,696 11,366,722

81 2014 5. 9,949,870 1,347,826 11,297,696 492,340 644,982 (16,940) 1,120,382 27 (346,206) 774,176 28 (147,748) 626,428 7 642,910 62,604 1,597 707,111 6 11,707 348 86 12,141 8 247 247 32 16,316 16,316 32 6,416 6,416 7 58,381 58,381 8 861 861 6 7 8 1,180,749 67,837 1,114,122 2,362,708 8,683,179 3,658,365 1,352,733 13,694,277 4,022,494 1,071,167 3,231,550 8,325,211

82 2014 5. 9,912,473 1,454,249 11,366,722 189,240 757,218 (21,461) 924,997 27 (290,300) 634,697 28 (128,565) 506,132 7 641,671 47,054 1,596 690,321 6 7,467 633 8,100 8 3 3 32 2,624 2,624 7 11,418 11,418 8 1,482 1,482 6 7 8 1,015,949 164,082 151 1,180,182

83 2014 5. 9,735,742 2,548,438 334,988 12,619,168 4,346,701 516,701 2,936,980 7,800,382 8,838,222,000 9,196,267,000 2,459,474,000 2,170,455,000 9,221,212,000 8,082,059,000128,000 256,000

84 2014 6. 4070 40 70 1,748,704 506,289 111,679,000 531,053 383,428 1,353,564 147,625 (114,903) 1,769,714 531,053 (24,764) (16,664) 23 (12,141) (8,100) 15,895 (21,010) (24,764) 1,748,704 506,289 99,008,000 804,118,000 315,440,000 590,556,000 152,004,000

85 2014 7. 2,621,845 6,806,781 196,520 52,521 253,898 9,931,565 169,690 6,849 4,455 824,539 1,005,533 324,821 454,805 (779,626) (30,895) (540,782) (9,670) (1,299) 280,052 (302,594) (248,700) (316,743) (8,738) (7,370) (581,551) 2,667,071 6,573,751 184,961 48,307 578,863 10,052,953 (305,475) (1,905,114) (94,500) (34,189) (2,339,278) 23 (111,934) (563,545) (26,480) (5,152) (707,111) 8,236 287,043 6,204 1,111 302,594 63,372 147,882 7,625 4,858 223,737 (345,801) (2,033,734) (107,151) (33,372) (2,520,058) (16,171) (72) (69) (16,312) 23 (17,567) (25,050) (43) (640) (15,081) (58,381) 11,880 11,880 (17,567) (29,341) (115) (709) (15,081) (62,813) 2,303,703 4,510,676 77,695 14,226 563,782 7,470,082

86 2014 7. 2,307,428 5,891,701 192,912 50,117 474,660 8,916,818 207,148 206,841 3,406 2,509 611,171 1,031,075 107,507 723,848 578 (831,933) (238) (15,609) (376) (105) (16,328) 2,621,845 6,806,781 196,520 52,521 253,898 9,931,565 (201,090) (1,350,189) (73,071) (28,723) (1,653,073) 23 (104,396) (558,667) (21,768) (5,490) (690,321) 11 3,742 339 24 4,116 (305,475) (1,905,114) (94,500) (34,189) (2,339,278) (4,753) (72) (69) (4,894) 23 (11,418) (11,418) (16,171) (72) (69) (16,312) 2,316,370 4,885,496 101,948 18,263 253,898 7,575,975 (a)

87 2014 7. (b) 640,970 598,630 66,141 91,691 707,111 690,321 (c) 9,847 6.13% (d) 635,791,000 280,058,000 21 (e) 58,381,000 11,418,00023

88 2014 7. 597 579 5 18 602 597 (348) (220) (129) (128) (477) (348) 125 249

89 2014 8. 16,568 16,568 (16,514) (16,514) 54 54 54 54 1,482 1,482 (3) (3) 23 (1,482) (1,482) 51 51 18,050 18,050 (3) (3) (17,996) (17,996) 51 51 51 51 878 2,733 3,611 (20) (227) (247) 23 (861) (861) 48 2,506 2,554 18,928 2,733 21,661 (23) (227) (250) (18,857) (18,857) 48 2,506 2,554

90 2014 9. (a) 427,933 427,933 (b) 1,703,565 1,855,110 (c) 1,410,368 1,320,676 (d) 14,174 14,174 182,907 (a) 427,933 427,933 35 (b) 1,703,565 1,697,864 157,246 1,703,565 1,855,110 7.6257.625 (c) (d)

91 2014 10. 663,638 1,444,119 348,422 369,413 4,510 4,510 1,016,570 1,818,042

92 2014 10. 97,097 336,712 245,626 232,340 618,291 292,848 961,014 861,900 53,810 298,522

93 2014 11. 70,068 46,181 43,587 42,051 113,655 88,232 (18,746) (19,804) (294) (482) (19,040) (20,286) 94,615 67,946 67,946 20,186 28 26,669 47,760 94,615 67,946

94 2014 11. 831 8,706 9,855 20,620 40,012 8,263 8,404 20,511 8,025 1,713 1,304 48,220 8,263 9,235 29,217 17,880 1,713 21,924 88,232 (825) (7,865) 16,359 8,896 7,044 1,814 25,423 7,438 1,370 45,576 26,776 8,757 23,738 113,655 7,393,000 6,023,000 1,602 1,602 1,697 1,697 1,256 1,256 1,468 1,468 1,370 7,393 6,023

95 2014 11. 3,176 16,650 19,826 460 460 3,636 16,650 20,286 (1,246) (1,246) 2,390 16,650 19,040 5% 10% 4,238,565,000 3,457,655,000 211,928,000 172,882,000 12. 729,492 629,279 107,808 119,974 1,108,714 767,625 1,946,014 1,516,878 26,655,000 7,237,000 19,418,000 7,202,000 23 9,182,085,000 9,369,355,000

96 2014 13. (a) 352,932 373,923 (b) (4,510) (4,510) 348,422 369,413 (c) 663,638 1,444,119 21,333 58,190 99,607 126,134 1,133,000 1,997,856 318,721 71,483 1,451,721 2,069,339 (a) 331,627 328,651 14,833 37,395 6,472 7,877 352,932 373,923 (c)

97 2014 13. (a) 11,838,000 23,879,000 8,795 18,829 3,043 5,050 11,838 23,879 (b) 4,510,000 4,510,000 4,510 4,510 4,510 4,510

98 2014 13. (c) 614,612,000 1,058,737,000 (d) (e) 869,919 1,720,794 263,081 277,062 1,133,000 1,997,856 625 1,913

99 2014 14. 533 504 796,031 805,495 796,564 805,999 (a) 156,983 54,405 8,000 2,000 164,983 56,405 961,547 862,404 839,674 529,092 58,309 284,735 61,959 45,302 1,605 3,059 216 961,547 862,404 (a) 150,530 14,405 40,000 6,453 156,983 54,405 (b) (c) 0.75 0.26

100 2014 14. 1 1 53,810 298,522 53,811 298,523 0.01 0.01 15. 1,741,048 175,921 240,518 416,439 348,210 27,858 465,324 493,182 (1,697) (135) (2,969) (3,104) 2,087,561 203,644 702,873 906,517 18,480 1,665 53,892 55,557 (833) (66) (2,134) (2,200) (115,645) (115,645) 2,105,208 205,243 638,986 844,229 10,000,000,0000.10

101 2014 15. 833,000 2,777,000 2,200,000 22 3 16. 20 (a) (b) 17 15,017 (370,760) 375,444 39,271 58,972 18 83,243 83,243 17 24 3,747 3,747 (13,923) (13,923) 20 62,104 62,104 63,198 (370,760) 458,687 43,018 194,143 18 24,626 24,626 17 24 2,552 2,552 (14,551) (14,551) 63,198 (370,760) 483,313 31,019 206,770

102 2014 16. 20 17 15,017 39,271 54,288 17 24 3,747 3,747 (13,923) (13,923) 20 62,104 62,104 63,198 43,018 106,216 17 24 2,552 2,552 (14,551) (14,551) 63,198 31,019 94,217 (a) (b) 10% 50% 25%

103 2014 17. (a) 64,110,000 4.5 3.00 45,270,000 2.8048,486,000 2.80 45,809 3.00 45,270 3,216 2.80 (18,480) 2.80 (2,506) 2.80 (2,677) 2.80 24,823 2.80 45,809 24,823,000 45,809,000 24,823,000 30,234,000 18,480,000 2.80 3.86

104 2014 17. (a) 2.80 24,823 45,809 44,506,000 2.81 3.00 3.0-5.0 46.04-51.34% 3.56% 1.032-1.745% 674,000 (b) 5,000,000 4.5 8.20 5,000,000 7.665,355,000 5,355,000 3.20

105 2014 17. (b) 3.20 5,355 8.20 5,000 355 (4.46) 3.20 (5,355) 3.20 5,355 5,355,000 11,457,0003,476,000 2.99 8.14 3.20 8.20 1.0 5.0 3.0 5.0 46.85% 51.30-55.63% 1.33% 3.14% 1.088% 0.506-1.021% 2,552,000 3,073,000

106 2014 18. 3,718,126 3,319,597 (57,851) 128,496 626,428 506,132 (93,242) (161,987) (24,626) (83,243) (1,861) (1,861) (33,259) (33,259) 8,899 8,899 4,318,067 3,718,126 (152,954) (57,851) 705,000 2,349,000 1,861,000

107 2014 19. (a) 115,119 120,533 (b) 325,328 239,588 (c) 96,103 536,550 360,121 360,121 352,436 235,495 57,447 22 (59,066) (49,762) 536,550 360,121 (a) (b) (c)

108 2014 20. 360,000 (b) 921,061 904,721 (c) 1,823,875 1,808,658 (d) 597,546 595,808 3,702,482 3,309,187 760,000 985,000 40,000 182,907 (b) 13,165 813,165 1,167,907 4,515,647 4,477,094 (b) 921,061 904,721 (c) 1,823,875 1,808,658 2,744,936 2,713,379 (b) 13,165 2,758,101 2,713,379

109 2014 20. (a) 800,000 1,167,907 13,165 40,000 2,421,421 13,027 320,000 921,061 3,296,160 1,160,000 1,167,907 3,355,647 3,309,187 13,165 1,823,875 13,027 921,061 2,700,352 2,758,101 2,713,379 400,000,000 6 182,907,000 200,000,000 40,000,000 14(a) 6.10% 5.65%

110 2014 20. (a) 423,165 145,000 13,165 390,000 1,022,907 3,702,482 3,309,187 2,744,936 2,713,379 4,515,647 4,477,094 2,758,101 2,713,379 2,691,772 2,485,529 934,226 904,721 1,823,875 1,991,565 1,823,875 1,808,658 4,515,647 4,477,094 2,758,101 2,713,379

111 2014 20. (b) 4.5 1,025,000,000 1,025,000,000 7.03 25,679,000 5.08 852,037,000 843,800,000168,630,000 168,000,000 7.036.56 975,000,0003.0 975,000,000108.31% 4.173 23,597,000 6.06

112 2014 20. (b) 179,074 179,074 951,403 951,403 (62,104) (62,104) 889,299 889,299 27 3,018 4,833 7,851 (4,374) (4,374) (164,542) (164,542) 13,176 894,132 907,308 149 2,438 2,587 13,027 891,694 904,721 13,176 894,132 907,308 27 732 58,617 59,349 (594) (29,250) (29,844) 13,314 923,499 936,813 149 2,438 2,587 13,165 921,061 934,226

113 2014 20. (c) 7.625 300,000,000 Acquest Honour Holding LimitedAcquest HonourSummit Challenge LimitedSummit ChallengeAbsolute Divine LimitedAbsolute Divine Expand Base LimitedExpand Base 6,706,000 1,858,646,000 1,904,300,000 (d) 600,000,0005.11 5,310,000 21. (a) 987,197 1,208,736 (b) 213,476 370,121 662,608 825,851 494,760 47,920 280,052 276,788 200,478 61,152 58,192 13,000 46,870 407 407 213,975 132,422 3,203,415 2,890,997

114 2014 21. (a) 762,492 853,823 140,307 243,161 49,692 88,416 27,737 16,959 6,969 6,377 987,197 1,208,736 (b) (c) 37,579 37,453 407 407 674 1,202 38,660 39,062 22. 80,099 60,878 19 59,066 49,762 12,063 18,157 2,599 12,610 6,947 32(b) 16,316 2,624 10,050 14,100 192,803 152,468

115 2014 23. (348,341) (19,579) 8,166,276 8,186,031 24 914,268 838,954 7 707,111 690,321 6 12,141 8,100 7 58,381 11,418 8 247 3 8 861 1,482 478,796 518,464 58,232 38,241 34,312 34,840 12 19,418 7,202 5,211 5,149 120,423 94,417 7,518 6,736 30 28,589 32(b) 6,416 70,401 (70,401) 128,847 144,761 10,370,117 10,595,129 24. 814,281 749,876 (a) 97,435 85,331 17 2,552 3,747 914,268 838,954

116 2014 24. (a) (b) (a) 2,749 55 2,804 2,234 37 2,271 (b) 1,385 2,552 13 3,950 1,300 37 1,337 1,301 37 1,338 1,150 37 1,187 671 37 708 238 238 75 75 (c) 58 58 190 190 (d) 17 17 578 10,790 2,552 253 14,173 (a) (b) (c) (d)

117 2014 24. (b) (a) 2,670 19 2,689 1,939 33 1,972 1,356 3,073 12 4,441 1,382 33 1,415 1,378 33 1,411 1,249 33 1,282 734 33 767 239 239 70 70 70 70 191 191 570 10,708 3,073 196 14,547 (c) 1,425 33 1,458

118 2014 24. (c) 1,500,0012,000,000 1 25. 37,008 86,092 11,076 24,146 9,212 8,159 4,740 10,874 62,036 129,271

119 2014 26. 936 27. 96,529 196,238 149,186 150,168 32,398 22,769 20 59,349 7,851 8,744 346,206 377,026 (9,847) 346,206 367,179 (76,879) (76,879) 346,206 290,300 28. (a) 174,302 176,325 115 11 (26,669) (47,760) 147,748 128,565

120 2014 28. (a) 17%17% 25% 15% [2011] 58 15% 15% 15%

121 2014 28. (a) 25%25% 774,176 634,697 25% 193,544 158,674 (48,794) (29,061) 343 367 (1) 4,610 2,870 (1,955) (4,284) 147,748 128,565 (b) 0% 13% 17% 13% 29. (a) 626,428 506,132 2,089,554 2,013,919 29.98 25.13

122 2014 29. (b) 626,428 506,132 58,617 4,833 685,045 510,965 2,089,554 2,013,919 297,114 297,114 3,103 4,242 2,389,771 2,315,275 28.67 22.07

123 2014 30. 22 2,599 27 (8,744) 76,879 23 (28,589) (6,145) 48,290 31. 49,720 33,259 73,536 65,925 123,256 99,184 83,502,000 65,925,0004 3.16 92,823,000 73,536,00065,925,0004.4 3.49 3.16

124 2014 32. (a) 774,176 634,697 12 19,418 7,202 7 58,381 11,418 8 861 1,482 7 707,111 690,321 8 247 3 6 12,141 8,100 22 (59,066) (49,762) (b) (16,316) (2,624) (b) 6,416 17 24 2,552 3,747 26 (936) 22 (12,610) (6,947) 27 337,462 367,179 27 8,744 (76,879) (448,554) (108,855) 591,630 287,289 (142,578) 12,915 229,985 (270,215) 2,070,000 1,508,135 (b) 7 345,934 12,212 22 16,316 2,624 23 (6,416) 21 280,052 635,886 14,836

125 2014 33. (a) 53,155 24,778 (b) 4,079 3,033 14 520 4,093 3,553

126 2014 33. 530 701 14 520 544 1,221 34. (a) 19,986 20,724 748 821 2,552 3,126 23,286 24,671

127 2014 35. Acquest Honour BVI 2 Summit Challenge BVI 1 Absolute Divine BVI 1 Expand Base BVI 1 Profit Champion International Ltd. 2 Profit Champion Full Profit Investment (Group) Ltd. 2 Full Profit Trans-Asia Capital Resources Ltd.Trans- 2 Asia Fufeng International Trade (Hong Kong) Limited 2 Fufeng International 370,500,000 250,000,000

128 2014 35. 640,000,000 5,500,000 122,000,000 21,000,000 1,000,000,000 Fufeng Singapore 1,300,000 5,000,000

129 2014 35. 10,000,000 500,000,000 Junan Beicheng Properties Co., Ltd. (a) 10,000,000 Junan Beifang Properties Co., Ltd. (b) 5,000,000 Junan Beibu Properties Co., Ltd. (c) 5,000,000 Baoji Dingfeng Properties Co., Ltd. (d) 10,000,000 Baoji Baofeng Properties Co., Ltd. (e) 10,000,000 (a) Junan Beicheng Properties Co., Ltd.10,000,000 (b) Junan Beifang Properties Co., Ltd.5,000,000 (c) Junan Beibu Properties Co., Ltd.5,000,000 (d) Baoji Dingfeng Properties Co., Ltd.10,000,000 (e) Baoji Baofeng Properties Co., Ltd.10,000,000

130 2014 36. 705,000 18 31

131 2014 546 1,000 3.19 2.69 62,261 3.32 2.95 72,733 3.20 2.84 54,927 3.10 2.89 51,235 3.03 2.87 38,557 2.93 2.63 40,851 3.16 2.76 47,272 3.26 2.91 68,819 3.96 2.98 97,172 3.88 3.45 57,489 4.35 3.19 116,665 4.12 3.19 130,566 2,105,207,600 3.35

132 2014 Absolute Divine Absolute Divine Limited Acquest Honour Acquest Honour Holdings Limited Expand Base Expand Based Limited Fufeng Singapore Fufeng (Singapore) Pte. Ltd Hero Elite Hero Elite Limited 14.3% 14.3% 14.3% 14.3% 10.7% 10.7% 10.7% 10.7%

133 2014 571

134 2014 Summit Challenge Summit Challenge Limited %