1997 2 983

2013 983

1997 2 983

2 3 4 6 8 10 14 20 20 30 34 36 42 51 66 68 73 75 80 93 94 95 96 98 100 103 192

2

Clarendon House, 2 Church Street Hamilton HM 11, Bermuda 6-8 34 Codan Services Limited Clarendon House, 2 Church Street Hamilton HM11, Bermuda 183 22 983 www.socam.com 2013 3

12 31 2009 2010 2011 2012 2013 32.00 80.44 59.00 64.43 79.52 32.13 29.86 35.16 48.92 44.60 64.13 110.30 94.16 113.35 124.12 8.07 9.03 9.10 4.59 (8.89) 1.96 1.85 1.86 0.93 (1.81) 0.35 0.60 0.65 0.50 12 31 2009 2010 2011 2012 2013 186 210 222 233 231 90 92 100 102 93 18.45 18.82 20.43 20.76 19.26 53.3% 51.3% 50.5% 47.1% 48.3% 2013 12 31 7% 2013 12 31 24% 10% 66% 40% 17% 36% 4

9,000 8,000 8,044 7,952 1,000 800 807 903 910 7,000 6,000 5,000 4,000 3,000 3,200 5,900 6,443 600 400 200 0-200 -400 459 2,000-600 1,000-800 0 2009 2010 2011 2012 2013-1,000 (889) 2009 2010 2011 2012 2013 11,000 10,000 9,000 9,003 9,204 10,002 10,218 9,324 50 53.3 51.3 50.5 47.1 48.3 8,000 40 7,000 6,000 30 5,000 4,000 20 3,000 2,000 10 1,000 0 2009 2010 2011 2012 2013 0 2009 2010 2011 2012 2013 2013 5

1.81 2 2013 2016 2.40 4 8 6 6.80 6 2.13 8 90.90 8 4.40 10 8 4.93 11 3 SOTAN Fund 65% 11.6 10 6

6.35 7 45 10.03 18 4.70 9 10 2008 2013 4.50 11 7 9 10 3 6 10 12 80% 12 10 12 2013 7

2013 ARC 2012 Vision Awards BEAM Plus 2013 2013 2013 ISO 14064-1 ISO 50001 2012 2012 FuturArc 2013 Building and Construction Interchange Asia Plus2013/14 2013 8

2012/2013 2013 2013 2013 2013 12 2013 9

2014 10

2013 2013 2014 1 2013 2013 12 3123% 79 201264 8.8920124.591.812012 0.93 48% 2013 11

2013 3 2013 36 20 2014 2013 12 31 90% 12

2012 2014 3 28 2013 13

2013 14

18 2013 2013 3% 20143.7% 2013 2013 2013 80% p.20 p.30 p.34 p.36 20139.3%24.2 2012 2013 2013 12 31178 2012 174 134 2012 12 31100 2013 15

8,100 15,900 16

上海 成都 翠湖天地御苑十八號樓 瑞安 城中匯 總樓面面積 22,200平方米 總樓面面積 207,900平方米 上海 二十一世紀 中心大廈 總樓面面積 37,400平方米 品牌居所 及酒店 * 上述總樓面面積為2013年12月31日集團應 佔可發展總樓面面積 不包括已售出及交付 的樓面面積 2013年年報 17

Veneto 68,900 34,400 653,000 18

87,000 116,900 * 2013 12 31 2013 19

2013 3 20

* 2,070,100 2013 12 31 2,159,400 2012 12 31 152.66 2013 12 31 156.33 2012 12 31 (1.58) 2013 12 31 9.20 2012 12 31 * 2013 3 2013 36 11 1280% 653,000 2014 1 15 12 6.8 27% 2013 21

2013 12 31 12210 8,100* 65% 15,900* 100% 22,200 100% 87,000 2016 55% 37,400* 70% 207,900 2016 51% 34,400* 100% 116,900* 100% 653,000 2014 1 80% 100% 780,700 2018 100% Veneto 68,900 2016 45% 37,700 2016 32.5% 2,070,100 * 6% 2% 210 2013 12 31196 43% 49% 2013 9 12.5% 65% 22

3532 2011 2013 12 31 723 95% 100 2013 12 2013 23

Veneto Veneto 15.3SoTan Fund 2016 2012 11 73 24

5 80% 51% 43.5% 49% 2014 56.5% 11 40.772013 12 1602013 10 60% 65.3 2013 121580% 2014 1 1820% 2011 2013 4 2018 78.07 2013 25

SoTan Fund 2013 SoTan Fund 65% 11.6 26

2013 7.410.9 5 2013 12 31 42.5 90.3 75% 2008 22%12.5 310 425,000 903,000 2013 27

4.40 2.40 4.93 28

7.99 91 178 2013 12 31 6.80 21 2013 29

30

134 2013 12 31 48 2013 12 31 1.15 2013 12 31 100 2012 12 31 54 2012 12 31 1.63 2012 12 31 2013/2014120 2015/2016 20,000 8,000 74.63 201288.262013 1.20 20121.67 8,900 48.29 201253.58 2013 12 31 178134 2012 12 31174100 201314.7 18 4.7 4.5 2013 31

43.16 6.8 (40% )(60% ) 90.9 85% Veneto 9.20 Veneto 2013 6.35 10.03 32

7.30 2.92 8.38 2013 33

34

+ + * 3,100 2013 12 31 35 2013 12 31 (1.49) 2013 12 31 3,100 2012 12 31 35 2012 12 31 (3.28) 2012 12 31 + * 20137.7%2012 2013 19.6%1.1% 2014 6002013 630 201324.29.3% 2014 4,200 2014 45% 2013 12 203,100 20132,800 1% 8% 2,500 2013 12 2014 1 25% 2014 2013 11 2013 35

36

2013 12 31 79.52 8.894.59 2013 12 31 2012 0.50 79.52 2013 12 31 2012 12 31 4,829 5,358 3,104 1,084 19 1 7,952 6,443 950 1,402 3,496 3,489 14 1 4,460 4,892 12,412 11,335 65% 70% 2012 45% 2012 1 1 2013 12 31 2013 22% 2013 9.50 2013 37

2013 12 31 2012 12 31 77 84 244 134 187 185 492 (117) 300 (201) (233) 190 962 115 163 89 115 252 (160) (324) 11 (4) (126) (15) (275) (343) 2 17 134 2 151 (88) (73) (264) (262) (172) (117) (380) (85) (17) (26) (889) 459 38

7,700 2012 2012 1.87 201220% 4.92 2013 2012 11 2013 3.0% 2.4% 2012 8,900 2013 7.6% 45% 1.26 2012 122.38% 2.01% 1.34 20132012 7,000 2013 39

20133.80 2013 12 31 1 2012 12 31 % % 15,266 66 15,633 67 4,004 17 4,259 18 2,281 10 2,274 10 71 84 1,498 7 1,070 5 2013 12 31 2012 12 31 23,120 100 23,320 100 23,120 23,320 9,324 10,218 7% 10% 19.3 20.8 17% 66% 2013 12 31 2012 12 31 2012 2012 12 31 102.182013 12 3193.24 2013 12 31 45.03 2012 12 3148.15 40

2012 12 3147.1% 2013 12 31 48.3% 2013 12 31 2012 12 31 1 6,892 4,786 1 2 1,313 3,215 2 5 78 8,205 8,079 (3,702) (3,264) 4,503 4,815 2013 12 31 1,1102012 12 311,100 7,6502012 12 31 8,640 2013 41

42

2013 2013 43

2013 20121 2,623 ISO50001 BEAM Plus 1.1 BEAM Plus 1.2 44

1982 2012 2013 466 468 2013 3,444 28% 2013 3,444 28% 2,679 3,444 891 792 2013 4 2013 45

12 201321 13 46

2013 ISO 14064 2012 T5 25 2012 2013 656.7 805.1 2,271.3 1,237.7 39,916.4 35,454.6 42,844.4 37,497.4 12% 2013 47

33 52,000 70% BEAM Plus 1.1 BEAM Plus BEAM Plus 1.2 4,300 reduction on fresh water usage 30% 50% 78 50% 36% 2013 10 48

2013 60 50 40 30 20 54.6 52.1 49.7 44.3 2013 53,360 OHSAS 18001 10 0 5.23 5.72 7.86 6.75 4.98 2009 2010 2011 2012 2013 2013 49

862 2013 471 201325 800 3 42 18 14 6 4 2013 20,000 15,000 10,000 5,000 0 2013 2012 11,750 17,007 5,186 7,429 6,564 9,578 50

2013 51

2013 12 31 14 2008 52

2013 7 1 76 79 9 66-70 14-18 3-4 8 7 61-65 6 1-2 5 4-7 4 55-60 0 3 2 1 6 66-70 70 61-65 0 55-60 14-18 4-7 1 3-3-4 1-2 0 2013 53

2013 3 73 3 3 2014 5 27 (i) (ii) (iii) 54

2013 55

56

2013 57

2013 7 1 66 67 68 72 73 74 58

14 3 2013 59

5/5 3/3 1/1 12/12 1/1 5/5 1 2/2 12/12 1/1 5/5 2 2/2 5/5 11/12 1/1 5/5 4/4 5/5 0/1 4/5 3 1/1 4 1/1 4 2/2 4 5/6 4 5/5 4/4 1/1 4/5 1/1 5/5 4/4 3/3 2/2 1/1 5/5 4/4 1/1 1/2 4/5 1/1 5/5 3/3 1/1 5/5 1/1 1/1 1. 2013 7 1 2. 3. 2013 7 1 4. 2013 7 1 2007 60

2013 3 2013 8 1 2 1. (i) (ii)2012 2. 2013 2008 2011 2013 61

10 2013 12 31 2013 12 31 62

5,200,0002,400,000 2013 12 31 2013 66 67 2013 63

2012 2012 1981 21 79 100 64

1,000 socamcc@shuion.com.hk 2013 5 30 40(2A) 2014 3 28 2013 65

2012 12 31 2012 4/4 4/4 4/4 4/4 2013 6 30 2012 12 31 2013 6 30 66

Lafarge Shui On Cement Limited 45% 2013 6 30 2013 12 31 2013 12 31 2014 2014 3 28 2013 67

3/3 3/3 3/3 14 (i) (ii) (iii) 68

2013 7 1 2013 69

2012 12 31 2012 12 31 2010 1 12012 12 31 2010 2011 2012 2011 2012 2011 2012 2013 7 1 2014 2013 12 31 2012 12 31 1 2 3 10 10 10 4 10 4,271 2,464 315 (1,346) 5,714 10,514 4 10 4,047 2,348 294 (1,371) 5,328 9,964 405 405 895 5 130 3,052 5,056 114 (2,298) 6,054 15,709 420 420 420 425 425 425 560 560 549 410 410 385 2,380 11,370 9,868 723 (5,015) 19,326 38,871 70

1. 10,000250,000 2013 12 31 150,000 75,000 65,000 35,000 30,000 95,000 65,000 65,000 2. 2012 12 31 3. 2013 12 31 4. 2014 1 1 4,714,8004,393,200 5. 2013 7 1 2,000,0013,000,000 2 3,000,0014,000,000 2 4,000,0015,000,000 1 12 2012 8 22 82 84 2002 8 27 2013 71

20072009 33 2010 3 2011 3 2011 2011 7 12014 12 313.5 3.5 82 84 2014 3 28 72

2013 7 1 2013 3 2013 73

2013 12 31 2012 2013 53 2014 3 28 74

2013 75

GBS, JP 65 199743 2004 2006 2009 1998 1999 2001 2002 20022005 2009 2009 19992011 2012 4 60 2004 7 2013 7 11990 1991 1995 1997 12004 7 2004 52006 5 1973 35 76

59 2009 7 2013 7 1 19891992 1995 19972007 2007 3 2009 6 2010 4 1981 2004 52006 5 2011 8 2003 112011 11 Solomon Systech (International) Limited Walcom Group Limited 65 2011 9 19972004 2004 76 2013 77

57 2013 7 1 2009 7 2013 6 19791992 2006 2007 42013 6 2014 1 2013 72013 12 70 2007 8 1978 1988 1991 1994IMC Pan Asia Alliance Group 2006 IMC Group IMC Resources Group IMC Pan Asia Alliance Corporation 2007 6Horizon Oil Limited 2009 10Red Sky Energy Limited 58 2008 8 1982 2005 67 2010 1 1965 19961997 412007 5 78

65 2010 1 AP Capital Holdings Inc. EC Investment Services Limited AP Capital Holdings Inc. 19891994 20032010Ajia Partners Inc. 20092010 2011 6 2013 12 61 1985 35 53 2007 30 53 1996 30 59 1989 30 521991 25 2013 79

2013 12 31 44 45 46 2013 12 3194 31 98 2013 12 31 708,000,000 192 15 16 80

2013 7 1 87(1) 2014 5 27 2013 12 31 XV7 8 352 (1) 312,000 1 234,381,000 2 234,693,000 48.49% 540,000 540,000 0.11% 32,000 32,000 0.01% 3,928,000 3,928,000 0.81% 2013 81

1. 2234,381,000 2. Shui On Company LimitedSOCL SOCL234,381,000 SOCL220,148,000 Shui On Finance Company Limited 14,233,000SOCL Bosrich Unit Trust Bosrich Holdings (PTC) Inc.Bosrich Bosrich Unit TrustHSBC International Trustee Limited Bosrich (2) 2013 12 31 XVXV7 8 352 2012 8 22 2002 8 27 2012 8 30 36 4,890,000 36 82

2013 1 1 1 2013 12 31 2 3 7.5.2008 19.76 250,000 (250,000) 7.11.2008 6.5.2013 9.4.2009 7.63 250,000 250,000 9.10.2009 8.4.2014 9.4.2009 7.63 380,000 380,000 9.4.2012 8.4.2019 12.4.2010 12.22 250,000 250,000 12.10.2010 11.4.2015 12.4.2010 12.22 1,000,000 (300,000) 700,000 12.4.2013 11.4.2020 23.6.2011 10.90 250,000 250,000 23.12.2011 22.6.2016 28.7.2011 10.00 6,500,000 6,500,000 1.5.2015 27.7.2021 3 12.4.2010 12.22 200,000 200,000 12.10.2010 11.4.2015 12.4.2010 12.22 1,000,000 (300,000) 700,000 12.4.2013 11.4.2020 23.6.2011 10.90 250,000 250,000 23.12.2011 22.6.2016 28.7.2011 10.00 6,500,000 6,500,000 1.5.2015 27.7.2021 3 12.4.2010 12.22 350,000 350,000 12.10.2010 11.4.2015 12.4.2010 12.22 1,500,000 (450,000) 1,050,000 12.4.2013 11.4.2020 23.6.2011 10.90 400,000 400,000 23.12.2011 22.6.2016 28.7.2011 10.00 10,800,000 10,800,000 1.5.2015 27.7.2021 29,880,000 (1,300,000) 28,580,000 7.5.2008 19.76 1,971,043 (1,971,043) 7.11.2008 6.5.2013 7.5.2008 19.76 219,296 (219,296) 7.11.2009 6.5.2013 9.4.2009 7.63 1,768,616 (1,127,690) (35,647) 605,279 9.10.2009 8.4.2014 10.52 5.6.2009 11.90 550,000 (550,000) 7.5.2011 6.5.2013 12.4.2010 12.22 4,660,000 (450,000) 4,210,000 12.10.2010 11.4.2015 13.5.2011 10.66 4,790,000 (24,000) (560,000) 4,206,000 13.11.2011 12.5.2016 10.92 23.6.2011 10.90 1,030,000 1,030,000 23.12.2011 22.6.2016 28.7.2011 10.00 22,500,000 22,500,000 1.5.2015 27.7.2021 26.11.2012 8.18 5,210,000 (638,000) (330,000) 4,242,000 26.5.2013 25.11.2017 9.90 14.6.2013 9.93 4,890,000 (40,000) 4,850,000 14.12.2013 13.6.2018 42,698,955 4,890,000 (1,789,690) (4,155,986) 41,643,279 72,578,955 4,890,000 (1,789,690) (5,455,986) 70,223,279 2013 83

1. 2013 6 14 9.77 2. 3. 1% 4. 36 2013 12 31XV2 3 Penta Investment Advisers Limited 101,832,374 (L) 2 Penta Master Fund, Limited 29,432,392 (L) 3 Canada Pension Plan Investment Board 24,401,973 (L) 4 PAF II Ltd. 24,401,973 (L) 4 21.04% 6.08% 5.04% 5.04% 1. L 2. 20,075,249 3. 4,321,420 4. 767,000 84

90,000,00010,046,000 8 700,000 9.00 8.95 6 9 5,304,000 8.98 8.95 48 10 3,012,000 8.98 8.98 27 11 1,030,000 8.98 8.98 9 10,046,000 90 51 65 2013 85

14A (1) 2013 6 13 15,000,000 5,000,000 30% 2013 6 13 (2) 2013 6 26 5,866,489 2013 6 26 86

(3) 2013 5 10 6,090,000 4 89.43 2013 8 6 (4) 12.5% 2013 9 13 PGR Asian Real Estate Fund, L.P. Best Perspective Asian Real Estate Fund Limited25 1.0012.5%46,800,000 2013 9 16 65% Penta Investment Advisers Limited 2013 9 13 14A (1) 2011 12 9Shui On Contractors LimitedSOC SOCSOC 2014 12 31 2006 6 4 2008 12 15 2011 12 31 2014 12 31SOC SOC 970,000,000 1,060,000,0001,250,000,000 2013 87

2011 12 9 2012 1 3 2012 1 20 2013 12 31SOC 464,000,0002013 12 31 (2) 2008 4 28 2008 1 1 2010 12 312010 12 28 2013 12 31 2012 10 29 2013 12 312014 12 31 1.5% 1% 2014 12 31 22,000,00020,000,000 25,000,000 88

22% 48% 30% 2008 4 282010 12 282012 10 29 2013 12 31 10,000,0002013 12 31 3000 740 14A.38 8.10 (1) SOCL (2) (3) SOCL 2013 89

(4) SOCL (5) 32 21% 43% 13% 2013 12 31 7% 5% 1,800,000 90

13.22 2013 12 314,634,000,000 2013 12 31 1 50% 22 22 50% 122 122 51% 1,292 163 1,455 Lafarge Shui On Cement Limited 45% 6 84 90 60% 17 17 70% 856 280 1,136 60% 146 146 28% 613 497 280 1,390 65% 121 121 50% 135 135 1,160 2,751 723 4,634 2013 91

2013 12 31 30,136 19,490 (19,737) (247) (18,191) (3,248) 8,450 45 46 1. Lafarge Shui On Cement Limited 2.5 210,000,000 7.513.175 175,000,00014 7.452057.64290 3.5 56.6 2. 2014 3 28 92

SOCAM DEVELOPMENT LIMITED * 94 191 2013 12 31 90 2013 12 31 2014 3 28 * 2013 93

2013 12 31 2013 2012 7,952 6,443 4,460 4,892 12,412 11,335 7 7,952 6,443 8 260 254 (2,641) (933) (831) (758) (621) (602) (37) (23) (3,871) (4,170) 2 17 15 349 242 9 (368) (314) 19 134 40 504 7 (426) (191) 7 (98) 24 (330) 627 10 (542) (142) (872) 485 (889) 459 17 26 (872) 485 14 (1.81) 0.93 (1.81) 0.93 94

2013 12 31 2013 2012 (872) 485 (27) 176 218 (19) 113 1 15 (141) (4) (92) 400 2012200 (20) (5) 18 (13) 317 (97) (555) 388 (573) 362 18 26 (555) 388 2013 95

2013 12 31 2013 12 31 2012 12 31 15 2,096 4,065 16 57 72 17 41 18 3,698 4,563 19 71 84 20 416 511 1 1 25 38 21 2,388 1,861 22 865 860 9,630 12,058 23 1 29 17 1 24 843 1,896 24 874 2,569 25 1,545 1,567 23 426 321 21 1,158 797 22 498 393 26 196 308 42 25 25 127 27 946 1,214 25 2,606 1,854 150 196 9,412 11,170 28 4,078 92 13,490 11,262 96

2013 12 31 2012 12 31 29 2,538 2,376 112 1,301 23 397 347 21 484 65 22 3 1 26 201 64 26 3 4 216 109 30 6,892 4,786 10,846 9,053 28 777 11,623 9,053 1,867 2,209 11,497 14,267 31 484 492 8,840 9,726 9,324 10,218 67 70 9,391 10,288 30 1,313 3,293 32 104 112 29 116 33 689 458 2,106 3,979 11,497 14,267 94 1912014 3 28 2013 97

2013 12 31 a b 2013 1 1 492 3,232 1,241 197 (3) 5,041 11 96 (183) 30 432 10,586 70 10,656 2 (138) 138 28 (368) (368) (368) 492 3,232 1,241 197 (3) 4,535 11 96 (45) 30 432 10,218 70 10,288 (27) (27) (27) 217 217 1 218 113 113 113 15 15 15 18 18 18 (20) (20) (20) (889) (889) 17 (872) 345 (889) 18 (27) (20) (573) 18 (555) 2 12 14 14 31 (10) (80) (90) (90) 4 4 (6) (6) 2 2 2 4 20 (24) (1) 1 13 (247) (247) (247) (19) (19) 2013 12 31 484 3,168 1,586 197 (3) 3,418 12 74 (27) 3 412 9,324 67 9,391 98

a b 2012 1 1 490 3,208 1,355 197 (3) 4,328 6 138 (149) (5) 437 10,002 66 10,068 2 (117) 117 490 3,208 1,355 197 (3) 4,211 6 138 (32) (5) 437 10,002 66 10,068 176 176 176 (19) (19) (19) 1 1 1 (13) (13) (13) (141) (141) (141) (4) (4) (4) (92) (92) (92) (5) (5) (5) 459 459 26 485 (114) 459 (13) 35 (5) 362 26 388 2 18 20 20 5 5 (10) (10) 30 30 30 6 66 (72) (5) 5 13 (196) (196) (196) (17) (17) 2012 12 31 492 3,232 1,241 197 (3) 4,535 11 96 (45) 30 432 10,218 70 10,288 (a) (b) 1997 (i)231,000,0002012231,000,000 Shui On Company LimitedSOCL2005 3 31(ii)102,000,0002012 102,000,0002008 12 31(iii) 21,000,000201235,000,0002009 12 31 (iv)32,000,0002012 38,000,000 42.88% 2009 12 3157.12% 2013 99

2013 12 31 2013 2012 (330) 627 14 (21) 15 (504) 42 (87) 426 191 98 (24) (110) (52) 368 314 (30) (28) (2) (17) (349) (242) 36 22 1 1 (200) (134) (11) 22 2 30 19 18 (11) 116 29 (14) 1,165 214 218 (640) 121 (14) (103) 1 112 (66) (50) (78) (239) (207) 10 588 (760) 579 25 46 (196) 46 160 379 20 1 2 1 (2) (7) (9) (9) 954 449 (21) (13) 1 (178) (142) 755 295 100

2013 2012 (59) (6) (4) (811) (61) (26) (24) (128) (216) 149 62 100 39 12 2 427 40(c) 9 107 817 58 37 (79) (184) 38 (2) (14) (127) (232) (119) 500 111 79 2013 101

2013 12 31 2013 2012 2,050 1,659 200 62 (62) 14 20 (90) (1,643) (2,140) (307) (270) (62) (43) (10) 4 5 (247) (196) (19) (17) (162) (930) 704 (556) 1,854 2,410 49 2,607 1,854 2,606 1,854 28 1 2,607 1,854 7 817,000,0002012 102

2013 12 31 2013 103 1. 2. 2013 1 1 20092011 7 10 11 12 10 11 12 13 1 192011 272011 282011 20 12 12 13 13 13 13 13 13 13

2013 12 31 2. 192011 19 19 192011 192011192011 192011 32 1 1 1 1 (a) (b) 1 192011 192011 192011 104

2. 19 2011 2012 12 31 581 21 602 874 (21) 853 848 (21) 827 26 26 874 (21) 853 2012 12 31 (34) 21 (13) 756 756 730 730 26 26 756 756 2012 12 31 1.73 (0.05) 1.68 1.73 (0.05) 1.68 2012 12 31 5,041 (138) 4,903 (183) 138 (45) 4,858 4,858 2012 1 1 4,328 (117) 4,211 (149) 117 (32) 4,179 4,179 2013 105

2013 12 31 2. 192011 192011 2013 12 31 27 2013 12 31 (27) 27 2013 12 31 192011 (1.76) 192011 (1.81) 3. 20102012 4 20112013 2 9 3 9 7 10 1227 9 3 1 14 5 19 2 32 1 36 1 39 1 21 1 1 2014 1 1 2 2014 7 1 3 9 4 2014 7 1 5 2016 1 1 106

3. 2009 11 92010 10 9 939 9 4. 217 2 36 2013 107

2013 12 31 4. 2010 1 1 108

4. 12 19 2 5 39 36 36 2013 109

2013 12 31 4. 5 110

4. 39 2013 111

2013 12 31 4. 112

4. 2013 113

2013 12 31 4. 114

4. 12 2013 115

2013 12 31 4. 2005 4 1 2005 4 1 116

4. 2013 117

2013 12 31 4. 118

4. (i)37(ii) 2013 119

2013 12 31 5. 4 25(b)2013 12 31 400,000,0002012363,000,000 120

5. 2,096,000,00020124,065,000,000 2,567,000,0002012 28 412013 12 31 1,425,000,0002012 1,682,000,000 6. 2013 2012 71 84 127 10,371 9,072 10,820 9,968 2013 121

2013 12 31 6. (a) (i) 100 2012100 100 2012100 2013 12 3185,000,0002012 81,000,000 (ii) 122

6. (a) (ii) 2013 2012 127 97 97 85 13 191 185 388 254 800 795 7% 20127% 7% 20127% 7% 20127% 2013 2012 2013 2012 (4) (13) 7 7 (50) (55) 2013 123

2013 12 31 6. (a) (iii) (b) 20% 201220% 2013 12 31 14,000,000201217,000,000 41 2013 12 31 44% 201240% 26% 2012 24%2013 12 31400,000,0002012363,000,000 689,000,0002012668,000,000 (c) 124

6. (d) % 2013 12 31 2.21% 853 853 849 (2,071) (490) (54) (2,615) (2,615) 3.71% (2,658) (4,402) (1,333) (8,393) (8,205) (3,876) (4,892) (1,387) (10,155) (9,971) (140) (829) (280) (176) (1,425) 2012 12 31 1.52% 1,214 1,214 1,212 (1,473) (247) (169) (1,889) (1,889) 4.35% (1,129) (3,930) (3,268) (79) (8,406) (8,079) (1,388) (4,177) (3,437) (79) (9,081) (8,756) (425) (1,257) (1,682) 41 2013 125

2013 12 31 6. (e) 2013 12 312012 12 31 7. 8 1. 2. 3. 4. 28(a) 2012 126

7. (a) 2013 12 31 2,983 75 18 3,076 44 44 77 25 1 103 4,729 4,729 3,104 4,829 19 7,952 109 109 3,104 4,938 19 8,061 950 14 3,416 80 4,460 4,054 4,952 3,416 99 12,521 447 120 (286) (135) 146 (29) (5) (2) (36) 93 5 6 2 106 30 30 2 2 349 349 (47) (47) (14) (14) (300) (300) 11 11 (88) (88) (42) (42) (7) (7) (426) (75) (75) (23) (23) (98) 2013 127

2013 12 31 7. (a) 2012 12 31 948 183 1,131 52 52 84 39 1 124 5,136 5,136 1,084 5,358 1 6,443 341 341 1,084 5,699 1 6,784 1,402 1 3,408 81 4,892 2,486 5,700 3,408 82 11,676 1,208 256 (360) (40) 1,064 (17) (4) (1) (22) 38 4 3 45 28 28 17 17 242 242 134 134 89 89 492 12 504 21 21 (368) (368) (4) (4) (73) (73) 254 254 (6) (6) 6 6 (191) 46 46 (22) (22) 24 128

7. (b) 2013 12 31 15,631 3,205 3,620 2,355 24,811 3,832 2,600 1,054 7,486 2012 12 31 16,159 2,915 3,713 2,242 25,029 4,637 2,201 935 7,773 (c) 12 31 2013 2012 12,521 11,676 (109) (341) (4,460) (4,892) 7,952 6,443 2013 129

2013 12 31 7. (c) 12 31 2013 2012 146 1,064 4 7 (368) (314) (112) (130) (330) 627 12 31 2013 2012 24,811 25,029 (1,733) (1,734) 42 25 23,120 23,320 12 31 2013 2012 7,486 7,773 (1,733) (1,734) 6,967 6,314 1,009 679 13,729 13,032 130

7. (d) 2013 12 31 487 (13) 3,501 139 4,114 143 10 153 510 27 5 542 2012 12 31 1,023 (13) 3,692 372 5,074 234 4 238 99 43 142 (e) * 2013 2012 ** 2013 2012 3,017 3,316 17 13 4,935 3,127 2,137 4,166 7,952 6,443 2,154 4,179 * ** 2013 131

2013 12 31 7. (f) 4,829,000,00020125,358,000,000 1,015,000,000878,000,0002012 1,225,000,0001,123,000,000 10% 8. 2013 2012 110 52 30 28 87 21 9. 2013 2012 376 326 62 43 (70) (55) 368 314 132

10. 2013 2012 19 14 137 61 126 59 282 134 33 260 8 542 142 16.5% 201216.5% 25% 201225% 30% 60% 33 2013 2012 (330) 627 16.5% 201216.5% (54) 103 70 31 16 (4) 27 35 126 59 (21) (10) 145 121 (124) (209) 48 24 (13) 317 (11) 2 3 3 542 142 2013 133

2013 12 31 11. 2012 * g 2013 2012 10 10 10 (a) 10 4,271 2,464 315 (1,346) 5,714 10,514 (b) 10 4,047 2,348 294 (1,371) 5,328 9,964 (c) 405 405 895 (d) 130 3,052 5,056 114 (2,298) 6,054 15,709 (e) 420 420 420 (e) 425 425 425 (e) 560 560 549 (e) 410 410 385 (f) 156 2,380 11,370 9,868 723 (5,015) 19,326 39,027 2012 2,365 12,347 9,936 674 13,705 39,027 * 2012 (a) (b) (c) (d) (e) (f) (g) (h) 2013 7 1 2013 7 1 2013 7 1 2012 5 18 2013 12 31 20132012 12 31 20122012 2013 2012 10 10 1 10 11 134

11. 2013 2012 4,000,0014,500,000 1 5,000,0015,500,000 1 5,500,0016,000,000 1 6,000,0016,500,000 1 12. 2013 2012 4,508 4,896 2,692 774 78 139 71 97 41 12 7,390 5,918 1 1 38 24 (2) (2) 37 23 5 5 17 23 14 (21) 42 595 556 34 36 2 30 (10) (20) 621 602 (44) (52) 41 12 (3) (40) 448,000,0002012396,000,000 2013 135

2013 12 31 13. 2013 2012 2012 12 310.50 2012 2011 0.40 247 196 2012 12 310.50 246 2013 12 31 14. 2013 2012 (889) 459 491 491 491 491 136

14. 2012 12 31 19 (2011) 19 2011 28 2 2012 12 31 581 21 602 177 (368) (191) 874 (368) (21) 485 848 (368) (21) 459 26 26 874 (368) (21) 485 2012 12 31 1.73 (0.75) (0.05) 0.93 1.73 (0.75) (0.05) 0.93 2013 137

2013 12 31 15. 2012 1 1 2,444 1,165 3,609 (1) (1) (2) 30 186 216 37 205 242 2012 12 31 2,510 1,555 4,065 83 38 121 15 113 128 338 11 349 1,314 (1,314) (2,164) (403) (2,567) 2013 12 31 2,096 2,096 2013 2012 1,751 2,096 2,314 2,096 4,065 2013 12 312012 12 31 138

15. 28 2013 12 31 1 1 (1) 7.5% (2) 1 78174 2013 139

2013 12 31 15. 2 2 (1) 6.0% (2) 2 133 265 3 106,063 4 140

16. 2012 1 1 4 50 49 30 96 229 12 6 6 24 (4) (42) (5) (6) (57) 2012 12 31 62 7 31 96 196 9 4 13 26 5 4 1 10 (56) (2) (7) (65) 2 1 3 2013 12 31 17 12 37 104 170 2012 1 1 2 16 46 19 69 152 9 4 11 24 (2) (42) (5) (3) (52) 2012 12 31 25 4 18 77 124 22 1 5 10 38 (46) (2) (5) (53) 1 1 1 1 4 2013 12 31 2 6 22 83 113 2013 12 31 15 6 15 21 57 2012 12 31 37 3 13 19 72 2013 141

2013 12 31 16. 2.5% 10 25% 20 50% 17. 2013 2012 42 41 1 42 1,000,00020121,000,000 18. (i) 2013 2012 3,855 4,077 (157) 574 28 (88) 3,698 4,563 136,000,0002012136,000,000 2012 12 31 4,000,000 8,000,000 45 142

18. (i) 2013 12 31 2012 12 31 6,835 6,586 19,074 18,977 (11,811) (11,241) (5,022) (4,750) (2,246) (2,388) 2013 12 31 2012 12 31 1,355 1,435 (6,584) (6,385) (4,141) (3,903) 2013 12 31 2012 12 31 9,093 9,007 (621) (709) (2) (621) (711) 2013 143

2013 12 31 18. (i) 2013 12 31 2012 12 31 825 798 5 11 774 824 103 (60) 2013 12 31 2012 12 31 6,830 7,184 45% 45% 136 136 319 352 (28) (29) 3,501 3,692 2013 12 312012 12 31 2013 2012 (126) 177 (126) 177 144

18. (i) 2013 2012 (8) (6) (56) (48) (ii) China State Shui On40% 19. 2013 2012 71 84 2013 12 312012 12 31 2013 12 31 0.4% 2012 12 310.4% 2013 57,461,984 3 1 2012 12 434,000,000 120,600,000 2.0%2012 12 31 134,000,000 7,000,000 2012 7104,328,3891,209,053 2011 12 312012 6 30 2013 145

2013 12 31 20. 2013 2012 135 135 281 376 416 511 46 2013 12 312012 12 31 2013 2012 (98) 24 (98) 24 21. 2013 2012 a 2,388 1,861 b 1,158 797 3,546 2,658 c 484 65 (a) (b) (c) 2,010,000,0002012 1,702,000,000 3.7113.1820122.5013.187.682012 7.68 2012 12 31 54,000,000 2.90 2013 12 31 146

22. 2013 2012 a 865 860 b 498 393 1,363 1,253 b 3 1 (a) 242,000,0002012242,000,000 5 54.820124.8 (b) 255,000,0002012 6.6 23. 2013 2012 1 29 1 29 2013 2012 14,431 13,433 511 476 14,942 13,909 (14,913) (13,935) 29 (26) 426 321 (397) (347) 29 (26) 2013 147

2013 12 31 24. 2013 2012 6 843 1,890 843 1,896 874 2,569 2013 12 31815,000,0002012 1,659,000,000 25. 2013 2012 990 932 (1) (1) 989 931 (336) (381) 231 190 32 40 b 667 787 1,583 1,567 12 (38) 1,545 1,567 148

25. (a) (b) 3090 2008 400,000,0002012363,000,000 153,000,0002012 148,000,0002014 12 120,000,000153,000,000 41(d) 12 2013 2012 90 911 804 91180 6 57 181360 40 40 360 32 30 78 127 989 931 171 95 60 95 231 190 2013 2012 1 1 2013 149

2013 12 31 25. 110,000,00020124,000,000 180 2013 12 31 150,000,0002012196,000,000 2013 12 312,606,000,00020121,854,000,000 0.012.8620120.013.10 2013 12 31 100,000,000 2014 2 7 26. 2013 2012 196 308 201 64 3 4 SOCL 27. 2013 12 31(i) 714,000,00020121,214,000,000 30 41(ii) 148,000,000 (iii)84,000,000 0.392.8620120.393.10 150

28. 2013 2012 a b 88 b 4 92 c 403 1,509 1 1 1,914 d 2,164 4,078 92 c (39) (148) (38) 30 (318) (543) d (234) (777) 2013 151

2013 12 31 28. (a) 45% 2013 12 2013 12 31 2013 12 312012 12 31 300,000,000368,000,000 2013 12 31 300,000,0002012 12 31 368,000,0002013 12 312012 12 31 2013 12 312012 12 31 668,000,000368,000,000 (b) (c) (d) 2013 37(a) 2013 1280%80% 2013 12 32013 12 242014 1 2013 12 31 2013 2013 12 20142013 12 31 152

29. 1,097,000,0002012771,000,000 2013 2012 30 901 577 3190 33 41 91180 55 29 180 108 124 1,097 771 b 348 302 117 249 / 617 568 359 602 2,538 2,492 12 (116) 2,538 2,376 (a) (b) 54,000,000201253,000,000 30. 2013 2012 3,762 4,264 4,443 3,445 370 8,205 8,079 12 (6,892) (4,786) 12 1,313 3,293 6,892 4,786 1,313 3,215 78 8,205 8,079 2013 153

2013 12 31 30. 2013 2012 3.757.6920123.7512.00 629 1,151 1.974.7220122.124.78 7,188 6,675 3.163.2120122.963.34 388 253 8,205 8,079 2013 2012 4,663 2,510 1,668 744 699 13 12 5,420 4,889 (a) (b) 2013 12 31561,000,000714,000,000 2012692,000,000854,000,000 100,000,000127,000,000 2012 154

31. 2013 2012 2013 2012 1 1,000,000,000 1,000,000,000 1,000 1,000 492,248,421 489,530,487 492 490 (10,046,000) (10) 1,789,690 2,717,934 2 2 483,992,111 492,248,421 484 492 8.959.0010,046,000 90,000,000 80,000,000 32. 2000 12 2000 12 1 5% 5% 10% 11,000,000201215,000,000 2013 12 312012 12 31 2013 155

2013 12 31 32. 5% 14.5% 20127% 2003 9 1 62003 9 1 1 60 1.81997 6055 612003 9 1 2013 12 31 Projected Unit Credit Method 2013 2012 1.8% 0.5% 5.0% 3.5% 2013 12 31411,000,0002012398,000,000 80% 201278% 156

32. 12 31 2013 2012 16 15 1 1 2 2 19 18 35 21 (27) 31 5 (31) (39) (18) 13 1 31 2013 2012 (515) (510) 411 398 (104) (112) 2012 2013 157

2013 12 31 32. 2013 2012 510 442 16 15 2 6 7 6 35 21 (27) 31 5 (27) (11) (6) 515 510 2013 2012 398 352 2 5 30 39 9 9 7 6 (27) (11) (6) (2) (2) 411 398 158

32. 2013 2012 241 217 70 69 100 112 411 398 2013 12 31 % 1.8% +0.25% 2.05% (9) (1.7)% 0.25% 1.55% 9 1.8% 5.0% +0.25% 5.25% 9 1.8% 0.25% 4.75% (9) (1.7)% 2013 2012 19 9 7 6 2013 12 316.720126.6 2013 159

2013 12 31 32. 4,000,00020124,000,000 33. 2012 1 1 (1) (444) 18 (427) (1) (1) 40(a) (22) (22) (15) 7 (8) 2012 12 31 (1) (482) 25 (458) (10) 1 (9) 28 38 38 (260) (260) 2013 12 31 (1) (714) 26 (689) (a) (b) (c) 2013 12 31954,000,0002012660,000,000 100,000,0002012100,000,000854,000,0002012 560,000,0002013 12 31 5336,000,0002012115,000,000 2008 1 1 2013 12 31 624,000,0002012400,000,000 160

34. 2013 12 3144,000,0002012 52,000,000 2013 2012 29 34 13 22 42 56 2013 2012 12 18 11 7 23 25 2013 161

2013 12 31 35. (a) 2013 12 31 2013 2012 447 20 (b) (c) 2013 12 31 102,000,0002012137,000,000 2013 12 31 2013 2012 149 215 36. 2012 8 222002 8 27 2012 8 30 10 1. (a) (b) (i) (ii) (iii) 2. (a) (b) 162

36. 3. (a) 10% 10% (b) 30% 30% 4. 121% 12 1% 5. 6. 7. (a) (b) 5(c) 8. 281.00 2013 163

2013 12 31 36. 2013 2013 1 1 12 31 2008 5 7 3 19.76 2,221,043 (2,221,043) 2008 11 7 2013 5 6 2008 5 7 4 19.76 219,296 (219,296) 2009 11 7 2013 5 6 2009 4 9 5 7.63 2,018,616 (1,127,690) (35,647) 855,279 2009 10 9 2014 4 8 2009 4 9 6 7.63 380,000 380,000 2012 4 9 2019 4 8 2009 6 5 9 11.90 550,000 (550,000) 2011 5 7 2013 5 6 2010 4 12 10 12.22 5,460,000 (450,000) 5,010,000 2010 10 12 2015 4 11 2010 4 12 11 12.22 3,500,000 (1,050,000) 2,450,000 2013 4 12 2020 4 11 2011 5 13 12 10.66 4,790,000 (24,000) (560,000) 4,206,000 2011 11 13 2016 5 12 2011 6 23 13 10.90 1,930,000 1,930,000 2011 12 23 2016 6 22 2011 7 28 14 10.00 46,300,000 46,300,000 2015 5 1 2021 7 27 2012 11 26 15 8.18 5,210,000 (638,000) (330,000) 4,242,000 2013 5 26 2017 11 25 2013 6 14 16 9.93 4,890,000 (40,000) 4,850,000 2013 12 14 2018 6 13 10.56 10.92 9.85 72,578,955 4,890,000 (1,789,690) (5,455,986) 70,223,279 14,165,279 164

36. 2012 1 1 2012 12 31 2007 6 14 1 20.96 2,395,666 (2,395,666) 2007 12 14 2012 6 13 2007 6 14 2 20.96 405,058 (405,058) 2008 12 14 2012 6 13 2008 5 7 3 19.76 2,761,043 (540,000) 2,221,043 2008 11 7 2013 5 6 2008 5 7 4 19.76 219,296 219,296 2009 11 7 2013 5 6 2009 4 9 5 7.63 2,994,314 (939,934) (35,764) 2,018,616 2009 10 9 2014 4 8 2009 4 9 6 7.63 2,778,000 (1,778,000) (620,000) 380,000 2012 4 9 2019 4 8 2009 6 5 7 11.90 3,906,000 (3,906,000) 2010 1 3 2012 1 2 2009 6 5 8 11.90 1,270,000 (1,270,000) 2010 7 1 2012 6 13 2009 6 5 9 11.90 992,000 (442,000) 550,000 2011 5 7 2013 5 6 2010 4 12 10 12.22 6,060,000 (600,000) 5,460,000 2010 10 12 2015 4 11 2010 4 12 11 12.22 3,916,000 (416,000) 3,500,000 2013 4 12 2020 4 11 2011 5 13 12 10.66 5,070,000 (280,000) 4,790,000 2011 11 13 2016 5 12 2011 6 23 13 10.90 2,080,000 (150,000) 1,930,000 2011 12 23 2016 6 22 2011 7 28 14 10.00 51,300,000 (5,000,000) 46,300,000 2015 5 1 2021 7 27 2012 11 26 15 8.18 5,210,000 5,210,000 2013 5 26 2017 11 25 7.74 7.57 86,147,377 5,210,000 (2,717,934) (16,060,488) 72,578,955 11,007,377 2013 165

2013 12 31 36. 1 3 5 10 12 13 15 16 20%6 20%1 20%2 20%3 20%4 7 9 2010 1 372011 5 7 9 50% 50%200720082009 12 31 7200820092010 12 319 1/3 100% 90% 75% 60% 6 2009 1 12011 12 31 (1)(2) 0% 30% 35% 2% 35% 100% 166

36. 8 2010 7 1 50% 50%2007 12 312008 12 312009 12 312010 6 30 1/6 1/3 1/3 1/6 100% 90% 75% 60% 2 4 40%18 20%2 20%3 20%4 18 2013 167

2013 12 31 36. 11 2013 4 12 2010 1 12012 12 313 3 100% 90% 75% 60% 0 35% 14 2015 5 1 50%2015 5 1 25%2016 1 1 25%2017 1 1 2011 7 12014 12 313.5 150% 100% 125% 150% 80% 100% 40% 75% 20% 75% 0% 168

36. 6 1 2 3 4 5 6 7 8 9 2007 6 14 2007 6 14 2008 5 7 2008 5 7 2009 4 9 2009 4 9 2009 6 5 2009 6 5 2009 6 5 5.72 5.78 5.06 5.09 2.26 2.16 3.21 3.42 3.80 20.90 20.90 19.28 19.28 7.27 7.27 11.78 11.78 11.78 20.96 20.96 19.76 19.76 7.63 7.63 11.90 11.90 11.90 40% 40% 42% 42% 52% 52% 55% 55% 55% 4.17 3.48 4 4 5 5 2.1 2.6 3.5 4.61% 4.62% 2.35% 2.37% 1.56% 1.91% 1.10% 1.10% 1.10% 5% 5% 5% 5% 5% 5% 5% 5% 5% 3% 3% 3% 3% 3.5% 3% 3% 3% 38% 58% 10 11 12 13 14 15 16 2010 4 12 2010 4 12 2011 5 13 2011 6 23 2011 7 28 2012 11 26 2013 6 14 4.33 4.73 3.66 3.72 3.71 1.95 1.65 12.22 12.22 10.66 10.90 10.00 8.10 9.93 12.22 12.22 10.66 10.90 10.00 8.18 9.93 55% 48% 53% 53% 47% 40% 30% 5 10 5 5 8 5 5 1.70% 2.64% 1.34% 1.04% 1.99% 0.26% 0.66% 4% 4% 4% 4% 4% 4.5% 5% 3% 0% 3% 3% 3% 3% 4% 2013 1132012115 2013 12 312,000,000 2012 30,000,000 2013 169

2013 12 31 37. (a) 2013 590%10% 2011 3 72 10 10 1 (6) 87 (75) 12 12 (12) 1 (11) 170

37. (b) 2013 12 20%80% 3 741 1 12 5 (1) (393) (66) 299 (198) 101 53 2013 12 31 48 101 (53) 5 (48) 2013 171

2013 12 31 37. (c) 2012 1 3 110 (12) 98 20 2012 50 2013 12 31 28 98 (70) 172

38. 2013 575% 25% 9 1 16 1 (3) (5) (5) 14 (11) 3 3 (3) 1 (2) 2013 173

2013 12 31 39. (a) 2013 12 31 491 491 146 57 694 516 2012 69 2013 12 31 109 694 516 (57) 459 174

39. (b) 2013 12 31 304 1 305 54 13 372 372 372 (13) (1) 358 2013 175

2013 12 31 40. (a) 2012 11 20% 20% 69,000,000 85,000,000 2012 11 80% 2 275 1 8 (5) (281) 85 80% 221 121 (22) 1 (8) 398 85 85 (8) 77 176

40. (b) 2012 12 22,000,000 28 276 2 (10) (276) (1) 19 94 (91) 22 2013 12 31 22 (2) 2013 177

2013 12 31 40. (c) 2012 9 18,000,000 1 6 (2) 5 12 1 18 9 2012 9 18 18 178

41. 2013 12 31 (a) (b) (c) (d) 110,000,000140,000,000 2012145,000,000 456,000,000 2012 733,000,000 110,000,000140,000,000 2012 110,000,000136,000,000 2007 2008 25(b) 2011 10 2014 10 2013 12 31 542,000,000 689,000,000 2012542,000,000668,000,000 2013 179

2013 12 31 42. (a) SOCLSOCL 2013 2012 SOCL 577 851 2 17 1 1 3 4 SOCL 281 SOCL26 (b) 2013 2012 233 162 7 6 99 120 125 14 75 27 3 21 (c) 2013 2012 64 12 23 22 12 16 15 24 22 180

42. (d) (e) (f) (g) (h) (i) (j) SOCL Shui On SOCL50,000,00010,000,000 13,000,000 SOCL200,000,000 160,000,000 2012 12 31 312,000,000385,000,000 2012 12 3162,000,000 24 2013 2012 2 2 29 34 17 17 2 2 (6) 18 44 73 43. 2014 1 23 665,000,000845,000,000 51%43.53% 49% 56.47% 2014 1 23 2014 2 24 2013 181

2013 12 31 44. 2013 12 312012 12 31 1100 1 3,000,000 80% 11,000,000 92% 110,000 1 6,000 67% 12,600,100 10 100,000 1 6,800,000 92% ## 1,000,000 92% 1117,000,100 1 33,000,100 1,000 50,000 100% 1100 1 69,000,000 100 1,030,000 100% Shui On Contractors Limited* 11 100% 182

44. 116,611,000 1 45,389,000 100% ** @ 100,000,000 85% * 11 100% 1100 1 1,000,000 100% Shui On Cement (Guizhou) Limited* 1100,000 100% Shui On Materials Limited* 11 100% ** + 670,000 100% ** 10,000,000 100% ** 60,000,000 100% Tinsley Holdings Limited*** 1 2 100% Top Bright Investments Limited*** 1 2 100% Winway Holdings Limited*** 1 2 100% 2013 183

2013 12 31 44. 12 100% New Rainbow Investments Limited* 11 100% Brilliance Investments Limited* 11 100% * 11 100% ^ 0.01281,193,011 57.12% 42.88% * 11 100% ** + 50,000,000 100% ** ++ 30,000,000 100% ** ++ 10,000,000 100% ** + 21,000,000 100% ** ++ 10,000,000 100% ** + 75,000,000 100% * 1100 100% 11 100% 184

44. ** + 70,000,000 100% ** + 64,700,000 100% * 11 100% 11 100% ** + 800,000 100% Shui On Project Management (China) Limited* 11 100% Trillion Earn Limited 11 100% 11 100% * 11 100% * 11 100% ** + 32,000,000 100% ** + 10,000,000 100% * 1100 100% 2013 185

2013 12 31 44. ** + 149,400,000 100% ** + 388,000,000 100% * 11 100% Gold Honour Holdings Limited* 11 100% 10100 10 3,500,000 100% T H Industrial Management Limited # 1 2,740 100% ** ++ 800,000 100% * ** *** # ## ^ + @ ++ 2013 12 31 1. 2013 12 31 2. 2013 12 31 3. 2013 12 3175% 90%100% 4. 2013 12 31 80%100% 186

45. 2013 12 312012 12 31 1 5,000,000 50% 1420,000 50% ** @ 1,284,600 50% 1 ** @ 615,862,000 32.27% ** @ 41,500,000 33.75% ** @ 274,078,000 43.16% ** + 44,000,000 45% ** @ 210,000,000 36% ** @ 270,000,000 33.3% 2013 187

2013 12 31 45. ** + 110,000,000 45% ** @ 48,000,000 80% 1 ** @ 264,256,751 45% ** + 440,672,000 45% ** @ 200,000,000 31.5% ** @ 92,000,000 80% 1 ** @ 340,000,000 35.73% ** @ 856,839,300 27.38% Lafarge Shui On Cement Limited 1 2,089,199 45% ** @ 120,000,000 60% 1.** 10,000,000 45% 188

45. ** @ 1,000,000,000 45% ** 32,600,000 45% ** 260,000,000 45% ** 54,556,806 45% ** 263,785,829 45% ** 122,483,913 45% ** 130,375,098 45% 1100 70% 1 ** + 76,000,000 70% 1 * 1200 65% 1 & 2 11 65% 1 & 2 ** + 91,000,000 65% 1 & 2 2013 189

2013 12 31 45. * 12 50% 1 ** + 450,000,000 51% 1 * 11,000 64.7% 1 * 1100 50% 1 # 0.11,000 65.5% 1 II # 0.11,000 75.4% 1 On Capital China Fund Series A # 0.01 13,923 66.81% 1 On Capital China Fund Series B # 0.01 8,418 61.54% 1 * ** # + @ 1. 2. 2013 12 31 52.5%65% 190

46. 2013 12 312012 12 31 * 1780 28.2% ** @ 800,000,000 22% ** @ 800,000,000 22% ** @ 300,000,000 22% ** @ 300,000,000 22% ** 600,000,000 22% ** 600,000,000 22% ** 1,900,000,000 22% ** 660,000,000 22% ** 100,000,000 22% ** 350,000,000 22% * ** @ 2013 191

1. 2009 12 31 2010 2011 2012 2013 3,200 8,044 5,900 6,443 7,952 828 1,098 1,080 627 (330) (16) (180) (145) (142) (542) 812 918 935 485 (872) 807 903 910 459 (889) 5 15 25 26 17 812 918 935 485 (872) 2. 12 31 2009 2010 2011 2012 2013 18,641 21,048 22,231 23,320 23,120 (9,593) (11,788) (12,163) (13,032) (13,729) 9,048 9,260 10,068 10,288 9,391 9,003 9,204 10,002 10,218 9,324 45 56 66 70 67 9,048 9,260 10,068 10,288 9,391 192

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