Logan Property Holdings Company Limited 龍 光 地 產 控 股 有 限 公 司 Building A Better Life 2014 (: 3380)

2 3 4 5 8 13 23 27 38 54 56 57 58 60 61 62 64 140

72 1 1,00019 Morgan Stanley Capital International MSCI Moody s(fitch) Ba3BB Top10 Top1038 5 613 87 13.681,368 53% 1. 2014 02

Cricket Square, Hutchins Drive P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands B 2002 8 4106 08 http://www.loganestate.com Codan Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 183 22 3 33 3380.HK 03

2014 04

201450 20152011-2015 2014 2015Top10 2014 20 05

50 2014 06

07

133.5 181.7 (1) 1.1% 10.7%125.0 12.4% 24.217.7% (2) 17.6 14.1% Morgan Stanley Capital International (1) (2) 2014 08

Moody s(fitch)ba3 BB 38 Top10 GDP7.4% 12080% 100 91%70%11 328 09

7 2,554,448 1 1,941,523 46,647186,500 1,3681 53% 11.25% 15012.5 1.054.5% 2.59.75% 7,514.5 65.7%8.8% 2014 10

11 11 1,2332635 65% 50 180 (www.loganestate.com) 30060 4200 11

19 2014 12

% 1 13,246,247 11,792,411 12.3% 12,953,104 11,033,179 17.4% 2 1,739,538 1,239,837 40.3% 2 7,131 8,671-17.8% 56,453 63,702-11.4% 236,690 695,530-66.0% 3,804,365 4,115,695-7.6% 2,347,630 2,024,156 16.0% 72,876 32,147 >100% 1,760,121 2,044,914-13.9% 1,687,245 2,012,767-16.2% 72,876 32,147 >100% 44,835,753 27,811,839 61.2% 7,514,463 4,505,660 66.8% 16,265,362 8,982,551 81.1% 13,317,018 7,349,676 81.2% 11,209,886 7,335,688 52.8% 1. 2. 13

(1) 30.4% 37.0% (2) 14.1% 18.4% (3) 65.7% 60.9% (4) 70.3% 73.6% (5) 8.8% 8.4% (1) * 100% (2) * 100% (3) * 100% (4) * 100% (5) * 100% 2014 14

13,349.713,208.1 1.1% 1 1,642,183 10.7% 1,817,182 49.3% 29.3% 16.4% 5.0% 1 1 6,578 49.3% 932,080 51.3% 6,856 3,918 29.3% 534,958 29.4% 6,905 2,183 16.4% 274,730 15.1% 7,627 671 5.0% 75,414 4.2% 8,250 13,350 100% 1,817,182 100% 7,045 1. 15

12,953.1 11,033.2 17.4%97.8% 1,239,837 40.3%1,739,538 45.7% 35.7% 8.3% 10.3% 1 1 5,926 45.7% 880,780 50.6% 6,557 4,621 35.7% 684,983 39.4% 6,548 1,075 8.3% 26,069 1.5% 19,842 1,331 10.3% 147,706 8.5% 8,707 12,953 100% 1,739,538 100% 7,131 112,612,378 27 5,193,133 72,554,448 11,941,523 1. 2014 16

1 51% 2014.01.28 146,269 698,058 1,968 2,819 356,010 1,004 2,819 2 100% 2014.02.26 84,930 359,393 561 1,560 359,393 561 1,560 3 100% 2014.03.11 53,918 264,199 507 1,918 264,199 507 1,918 4 100% 2014.04.10 31,803 308,963 501 1,621 308,963 501 1,621 5 100% 2014.05.23 225,552 588,156 645 1,097 588,156 645 1,097 6 100% 2014.06.12 56,501 149,178 302 2,023 149,178 302 2,023 7 51% 2014.10.22 46,647 186,500 4,680 25,094 95,115 2,387 25,094 2,554,448 9,163 3,587 2,121,014 5,905 2,784 13,675,261 1,36853% 56.511.4% 11119,171 11 1 1,453.8 12.3% 17.4% 12,953.156.5236.7 11,033.163.7695.5 1. 17

1 2 3 2 3 447,982 2,654,271 118,275 683,832 107,085 436,718 68,998 265,316 25,770 1,051,479 410,454 4,654,773 170 20,437 19,824 207,237 129 3,166 2,001 102,272 83,623 847,566 23,695 170,252 5,864 55,090 52,130 442,042 88,227 612,299 69,041 389,871 49 12,461 1,411 19,714 45,601 504,408 47,637 699,676 9,070 126,362 107,842 1,144,647 5,317 78,480 70,769 543 36,771 3,824 91,064 4,395 276 8,511 4,721 232 8,614 262,896 2,137,695 227,967 1,479,587 195,325 1,414,378 173,651 1,147,414 226,762 1,068,595 147,706 1,331,400 1,739,538 12,953,104 1,239,839 11,033,179 1. 2. 3. 2014 18

1,689.8 24.1% % 8,693,572 7,003,729 24.1% 8,466,674 6,422,976 31.8% 226,898 580,753-60.9% 413.2 304.1 35.9% 527.1424.7 24.1% 19

3,811.33,411.8 1,436.4 1,901.3 860.7399.5 93.6103.1 0.9%0.7% 856.8440.3692.3560.0 2014 20

1,760.1 284.814.1%18.4% 4.3 44,835.8 27,811.8 39,226.123,624.4 31,518.720,462.2 13,691.46,827.4 13,317.07,349.7 11,209.97,335.7 7,514.5 4,505.716,265.4 8,982.6 8,750.9 4,476.9 65.7% 21

3,383.8 30.7%23.5% 1.6 2.0 15,216.711,051.2 4,371.03,372.7 2014 22

48 40 43 43 25 51 45 64 48 19 40 23

43 43 25 51 1685 8325 656 6721290 2186 18191856 169 1033 600280.SS YAL UBS AG 938 (Graduate School of the People's Bank of China) (Australian National University) 2014 24

45 The PRG-Schultz International, Inc. (AICPA)(ICPAS)(HKICPA) (York University) Victoria University 64 25

48 40 43 43 38 38 2014 26

14 A.2.1 E.1.2 A.2.1 E.1.2 10 27

23 26 23 26 A.2.1 2014 28

3.13 A.4.1A.4.2 29

2014 30

3 1. 2. 3. 4. 2/2 2/2 2/2 31

1. 2. 3. 4. 5. 6. 7. 8. 9. 2014 32

1/1 1/1 1/1 1,000,000 3 1,000,000 4,999,999 5 5,000,000 1 1. 2. 3. 4. 5. 6. 33

1/1 1/1 1/1 D.3.1 2014 34

* 4/4 0/1 * 4/4 0/1 4/4 1/1 * 4/4 0/1 * 4/4 0/1 * 4/4 0/1 * 4/4 0/1 * 4/4 0/1 * 54 55 35

1,800,000 1 1,080,000 2,880,000 1 300,000,000300,000500,000 250,000,000280,000 329 15 58 2014 36

84106 08 (852) 2175 5098 i.r@logan.com.cn (852) 2823 9200 (86) 755 8528 8903 37

84106 08 14 5 7 56 139 2,347,630,000 2,024,156,00061 119 (a) 18322 2014 38

(b) 18322 13 23(c) 23(d) 21 22 140 39

3.13 28 2014 40

13.18 Goldman Sachs Lending Partners LLC 105,000,000364.50% (i) 65%65%(ii) (iii) (a)(i) (ii) (b) (c) (d) 105,000,000 41

13.2113.18 13.18 1. 2 (i) (ii) 2. (i) (ii) (iii) 3. 10%500,000,000 (i) 10%(ii)10% 2014 42

30% 30% 4. 1% 1% (i) 17.02(2)(d)17.02(4) (ii) 5. 10 6. 7. (i) (ii) (iii) 8. 10 43

198,260,000 2.340 13,120,000 13,120,000 0.26% 2.340 9.840,000 9.840,000 0.20% 2.340 4,470,000 4,470,000 0.090% 2.340 4,170,000 4,170,000 0.083% 2.340 2,050,000 2,050,000 0.041% 33,650,000 33,650,000 0.673% 164,610,000 164,610,000 3.292% 190,090,0000.10 (i) 25,480,000(ii) 164,610,000 8,170,000 190,090,0002.340 2014 44

XV352 (i) (2) (1) (3) 4,250,000,000 (L) 13,120,000 (L) (4) 85% 0.26% 9,840,000 (L) 0.2% (3) 4,250,000,000 (L) 2,050,000 (L) 85% 0.04% 4,170,000 (L) 0.08% 4,470,000 (L) 0.09% (1) L (2) (3) 17%(i) Junxi Investments Limited (ii) Junxi Investments Limited (4) 8,170,000 45

(ii) Junxi Investments Limited 100% 100% 100% 100% 352 336 (1) 4,250,000,000 (L) 13,120,000 (L) (4) 85% 0.26% (2) 4,250,000,000 (L) 2,050,000 (L) 85% 0.04% Brock Nominees Limited (3) 3,400,000,000 (L) 68% Credit Suisse Trust Limited (3) 3,400,000,000 (L) 68% Junxi Investments Limited (3) 3,400,000,000 (L) 68% Kei Family United Limited (3) 3,400,000,000 (L) 68% Tenby Nominees Limited (3) 3,400,000,000 (L) 68% 425,000,000 (L) 8.5% 2014 46

(1) L (2) 17% (3) Kei Family United Limited Kei Family United LimitedJunxi Investments Limited(i) Junxi Investments Limited (ii) Junxi Investments Limited (4) 8,170,000 336 2.1%15.2% 5% 1. 384 480 47

14A 2. 8001,013 51% 49% 49% 14A 14A 2014 48

1. 348,000,000534,000,000558,000,000 135.4 14A 49

2. 455,000,000250,000,000250,000,000 (i)(ii) 93.0 14A 14A 2014 50

1. 2. 3. 3000 740 1. 2. 3. 4. 14A.56 28 14A.4914A.71 51

8.08(1)(a) 25% 8.08(1)(d)8.08(1)(d) 15% 25% (a) 100 (b) (c) (d) (e) 8.08(1)(d)15% (i) 15% (ii) 8.08(2)8.08(3) (iii) (iv) 2014 52

27 37 1,218.1 53

56 139 2014 54

10 8 55

5 12,497,937 11,119,424 (8,693,572) (7,003,729) 3,804,365 4,115,695 6(a) 85,497 27,665 6(b) (14,148) (17,954) (413,167) (304,131) (527,120) (424,655) 13 861,854 15,185 22 13,995 3,811,276 3,411,805 7(a) (93,601) (103,140) 7 3,717,675 3,308,665 8(a) (1,297,169) (1,252,362) 2,420,506 2,056,303 2,347,630 2,024,156 72,876 32,147 2,420,506 2,056,303 12 46.95 47.35 64 139 2014 56

2,420,506 2,056,303 6,465 15,697 2,426,971 2,072,000 2,354,095 2,039,853 72,876 32,147 2,426,971 2,072,000 64 139 57

13 4,684,500 3,793,000 122,041 97,233 4,806,541 3,890,233 8(c)(ii) 366,488 297,174 19 436,600 5,609,629 4,187,407 15 27,875,440 17,685,826 16 2,502,385 1,315,974 8(c)(i) 166,836 116,972 17 1,938,106 678,226 18 5,576,357 3,827,434 19 1,167,000 39,226,124 23,624,432 19 1,167,000 20 11,842,586 9,728,560 21 3,824,474 2,754,109 8(c)(i) 993,262 1,152,072 17,827,322 13,634,741 21,398,802 9,989,691 27,008,431 14,177,098 2014 58

19 436,600 21 9,057,042 6,228,442 22 3,383,846 8(c)(ii) 813,925 598,980 13,691,413 6,827,422 13,317,018 7,349,676 24(c) 393,115 393,115 10,816,771 6,942,573 11,209,886 7,335,688 2,107,132 13,988 13,317,018 7,349,676 64 139 59

13(b) 1,309 1,930 14 10,211 10,211 11,520 12,141 16 4,835,857 3,808 18 272,537 1,207,654 5,108,394 1,211,462 20 404,643 65,126 4,703,751 1,146,336 4,715,271 1,158,477 21 644,453 22 3,383,846 4,028,299 686,972 1,158,477 24 393,115 393,115 293,857 765,362 686,972 1,158,477 64 139 2014 60

24(c) 24(c)24(d)(v)24(d)(ii)24(d)(iii)24(d)(iv) 24,163 222,495 (180,558) 4,026,680 4,092,780 57,981 4,150,761 2,024,156 2,024,156 32,147 2,056,303 15,697 15,697 15,697 15,697 2,024,156 2,039,853 32,147 2,072,000 290,057 (290,057) (15,079) (15,079) (15,079) 46,890 (76,140) (76,140) 58,965 1,159,169 1,218,134 1,218,134 24(c) 334,150 (334,150) 393,115 825,019 46,890 39,860 512,552 (195,637) 5,760,779 7,335,688 13,988 7,349,676 24(c) 24(c) 24(d)(v) 24(d)(ii)24(d)(iii) 24(d)(iv) 393,115 825,019 39,860 512,552 (195,637) 5,760,779 7,335,688 13,988 7,349,676 2,347,630 2,347,630 72,876 2,420,506 6,465 6,465 6,465 6,465 2,347,630 2,354,095 72,876 2,426,971 70,407 (70,407) 24(b)(ii) (436,563) (436,563) (436,563) 7(b) 46,890 46,890 46,890 29 26,751 26,751 1,909,776 1,909,776 1,993,517 3,903,293 393,115 825,019 46,890 46,325 582,959 1,714,139 7,601,439 11,209,886 2,107,132 13,317,018 64 139 61

3,717,675 3,308,665 (57,258) (11,608) (5,058) 93,601 103,140 19,425 16,039 (304) 140 16,421 (861,854) (15,185) (13,995) 46,890 2,939,122 3,417,612 (8,177,677) (3,046,869) 186,990 (262,582) (997,575) (309,746) (6,049,140) (201,585) (1,413,585) (928,279) (7,462,725) (1,129,864) (51,804) (62,698) (46,473) (46,350) (27,511) 29 181,543 1,338 979 50,935 57,258 11,608 (2,863,480) (464,105) (2,721,495) (537,265) 2014 62

13,936,552 6,185,783 (9,586,112) (3,793,415) 1,293,801 3,351,558 (896,847) (636,715) 3,903,293 (67,752) (15,079) 1,218,134 11,934,493 2,958,708 1,750,273 1,291,579 3,827,434 2,536,868 (1,350) (1,013) 18 5,576,357 3,827,434 64 139 63

1 2 (a) 622911 76 87 32 2014 64

2 (a) 36 36 36 (b) 2(d) 2(e) 65

2 (b) 3 (c) 2014 66

2 (c) 2(m) (n) 2(i) (d) 67

2 (e) 2(h) 2(t)(ii) 2(h) 2(h) (f) 2(g)2(i) 2(v) 2014 68

2 (g) (i) (ii) (iii) (iv) (h) (i) 2(e) 69

2 (h) (ii) 2(e) 2(j) (i) (i) 2014 70

2 (i) (i) 71

2 (i) (ii) 2014 72

2 (i) (iii) 34 2(i)(i) (ii) (j) (i) (ii) 2(v) (iii) 73

2 (k) 2(t)(iii) (l) 2(i) (m) 2(d) 2(d) (n) 2014 74

2 (o) 2(s)(i) (p) (q) (i) (ii) 75

2 (r) 2014 76

2 (r) 2(e) 77

2 (s) (i) (i)(ii) 2(s)(ii) (ii) 2014 78

2 (t) (i) (ii) (iii) (iv) 79

2 (t) (v) (vi) (u) (v) 2014 80

2 (v) (w) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) 81

2 (x) 3 (a) 13 (b) 2014 82

3 (c) (d) 2(k) 2(t)(iii) (e) 8(a)(iv) 83

3 (f) (g) 4(e) 4 (a) 2014 84

4 (b) 1 1 2 2 5 5 2,952,581 163,490 126,389 3,242,460 3,242,460 278,743 278,743 278,743 368,811 368,811 368,811 2,735,274 4,871,179 2,389,321 1,247,533 11,243,307 9,372,616 2,336,380 1,462,637 3,799,017 3,508,900 1,230,630 451,213 1,681,843 1,603,600 1,293,801 1,293,801 1,293,801 362,828 364,552 4,039,566 4,766,946 3,383,846 223,860 223,860 223,860 11,782,908 7,317,071 6,555,276 1,247,533 26,898,788 23,276,637 27 4,371,045 4,371,045 85

4 (b) 1 1 2 2 5 5 2,406,448 276,960 20,470 2,703,878 2,703,878 241,106 241,106 241,106 2,717,819 667,253 4,726,718 922,421 9,034,211 7,499,351 702,452 949,665 1,652,117 1,483,200 161,063 161,063 161,063 6,228,888 1,893,878 4,747,188 922,421 13,792,375 12,088,598 27 3,372,691 3,372,691 2014 86

4 (b) 1 1 2 2 5 5 8,252 8,252 8,252 368,811 368,811 368,811 32,895 226,231 469,665 728,791 644,453 362,828 364,552 4,039,566 4,766,946 3,383,846 27,580 27,580 27,580 800,366 590,783 4,509,231 5,900,380 4,432,942 27 47,334 47,334 1 1 2 2 5 5 12,937 12,937 12,937 52,189 52,189 52,189 65,126 65,126 65,126 27 424,201 424,201 87

4 (c) 20 100 77,955,000 57,745,000 100 (d) 2014 88

4 (e) (i) 13 27,814 27,814 89

4 (e) (ii) 0.096% 1.493% 9.433% 9.971% 9.532% 11.464% 1% 13,819 13,995 27,814 2014 90

4 (e) (iii) 5 (a) 12,953,104 11,033,179 56,453 63,702 236,690 695,530 13,246,247 11,792,411 (748,310) (672,987) 12,497,937 11,119,424 (b) 91

5 (b) (i) 12,953,104 56,453 236,690 13,246,247 (738,140) (1,920) (8,250) (748,310) 12,214,964 54,533 228,440 12,497,937 3,692,195 3,692,195 12,214,964 54,533 3,920,635 16,190,132 3,205,416 54,533 1,556 3,261,505 11,236 19,829 31,065 (39,896) (30,054) (69,950) (9,233) (14) (9,247) 861,854 861,854 2014 92

5 (b) (i) 11,033,179 63,702 695,530 11,792,411 (648,380) (3,543) (21,064) (672,987) 10,384,799 60,159 674,466 11,119,424 3,314,337 3,314,337 10,384,799 60,159 3,988,803 14,433,761 3,432,245 59,608 61,703 3,553,556 6,687 2,421 9,108 (33,249) (38,472) (71,721) (8,009) (18) (8,027) 15,185 15,185 (ii) 16,190,132 14,433,761 (3,692,195) (3,314,337) 12,497,937 11,119,424 3,261,505 3,553,556 71,349 9,711 (19,425) (16,039) (93,601) (103,140) 861,854 15,185 13,995 (378,002) (150,608) 3,717,675 3,308,665 93

5 (b) (iii) 6 (a) 57,258 11,608 3,158 4,300 3,728 1,045 7,492 6,136 1,739 29 5,058 8,803 2,837 85,497 27,665 (b) 304 (16,561) (14,352) (1,283) (100) (110) (14,148) (17,954) 2014 94

7 (a) 1,055,511 611,516 51,933 45,046 1,107,444 656,562 (1,013,843) (553,422) 93,601 103,140 4.7% 11.25%6.2% 11.3% (b) 283,331 233,668 20,094 17,404 46,890 350,315 251,072 (4,705) (6,106) 345,610 244,966 95

7 (c) 29,715 23,117 (10,290) (7,078) 19,425 16,039 (54,533) (60,159) 551 (54,533) (59,608) 8,466,674 6,422,976 226,898 580,202 2,333 8,402 8,190 9,077 8 (a) 711,210 838,380 440,328 560,015 1,151,538 1,398,395 145,631 (146,033) 1,297,169 1,252,362 2014 96

8 (a) (i) (ii) (iii) 25% 25% (iv) 30% 60% (b) 3,717,675 3,308,665 927,059 818,142 (2,991) (877) 17,696 9,049 (61) (4,083) 135 208 440,328 560,015 (84,997) (130,092) 1,297,169 1,252,362 97

8 (c) (i) 529,352 344,182 29 38,457 711,210 838,380 (945,594) (653,210) 333,425 529,352 501,248 216,302 29 14,916 440,328 560,015 (467,991) (275,069) 488,501 501,248 4,500 4,500 826,426 1,035,100 (166,836) (116,972) 993,262 1,152,072 826,426 1,035,100 2014 98

8 (c) (ii) 689,273 (129,493) (66,643) (49,378) 4,080 447,839 (8,510) (25,857) (79,664) (32,142) 140 (146,033) 680,763 (155,350) (146,307) (81,520) 4,220 301,806 215,465 (51,689) (21,616) 7,691 (4,220) 145,631 896,228 (207,039) (167,923) (73,829) 447,437 99

8 (c) (ii) (366,488) (297,174) 813,925 598,980 447,437 301,806 73,829,000 81,520,000 (d) 7,652 7,744 2,038,0002,012,0002,227,000834,000541,000 2014 100

9 62211 7832161 22 5,366 750 24 3,373 9,513 1,828 744 24 2,286 4,882 1,065 284 24 969 2,342 1,065 430 31 1,038 2,564 946 14 476 1,436 (ii) 316 316 316 316 316 316 1,894 9,324 2,208 117 8,142 21,685 101

9 4,249 880 57 5,186 1,427 523 19 1,969 817 208 34 1,059 807 288 42 1,137 78 78 (ii) 10 10 10 10 10 10 108 7,300 1,899 152 9,459 (i) (ii) 2014 102

10 9 3,941 3,739 1,002 704 79 98 5,022 4,541 1,000,000 1,000,0011,500,000 1,500,0012,000,000 2 2,000,0012,500,000 3 1 3 3 11 88,399,000 45,236,000 103

12 (a) 2,347,630,000 2,024,156,000 5,000,000,0004,274,657,534 (i)4,250,000,000 1,0004,249,999,000 (ii)750,000,000 5,000,000 1 24(c) 4,249,999 24(c) 24,658 5,000,000 4,274,658 (b) 2014 104

13 (a) 3,573,000 220,000 3,793,000 33,615 47,141 133,693 214,449 4,007,449 51,804 51,804 16,107 30,243 46,350 98,154 29 8,983 206 9,189 9,189 220,000 (220,000) (22,158) (22,158) (22,158) (6,400) (6,400) (6,400) 861,854 861,854 861,854 11 15 26 26 4,684,500 4,684,500 42,598 63,259 157,757 263,614 4,948,114 42,598 63,259 157,757 263,614 263,614 4,684,500 4,684,500 4,684,500 4,684,500 4,684,500 42,598 63,259 157,757 263,614 4,948,114 5,846 24,846 86,524 117,216 117,216 2,209 12,950 14,556 29,715 29,715 (5,366) (5,366) (5,366) 4 4 8 8 8,055 37,800 95,718 141,573 141,573 4,684,500 4,684,500 34,543 25,459 62,039 122,041 4,806,541 105

13 (a) 3,546,000 190,000 3,736,000 34,072 36,123 123,783 193,978 3,929,978 62,698 46,473 109,171 11,116 16,395 27,511 136,682 20,679 (20,679) (67,356) (67,356) (457) (6,344) (6,801) (74,157) 10,979 4,206 15,185 15,185 (98) (141) (239) (239) 3,573,000 220,000 3,793,000 33,615 47,141 133,693 214,449 4,007,449 33,615 47,141 133,693 214,449 214,449 3,573,000 220,000 3,793,000 3,793,000 3,573,000 220,000 3,793,000 33,615 47,141 133,693 214,449 4,007,449 4,644 17,543 77,615 99,802 99,802 1,645 7,322 14,150 23,117 23,117 (443) (5,239) (5,682) (5,682) (19) (2) (21) (21) 5,846 24,846 86,524 117,216 117,216 3,573,000 220,000 3,793,000 27,769 22,295 47,169 97,233 3,890,233 2014 106

13 (b) 3,130 3,228 11 (98) 3,141 3,130 1,200 592 628 627 4 (19) 1,832 1,200 1,309 1,930 107

13 (c) (i) 13 4,684,500 4,684,500 3,573,000 3,573,000 220,000 220,000 2014 108

13 (c) (i) (ii) 7,000 82,000 (39,300) 33 264 (198) 4.25% 6.0% (4.92%) 17,000 21,000 (18,832) 109

13 (c) (ii) 13(a) (d) 576,000 368,000 4,143,043 3,452,769 4,719,043 3,820,769 21 2014 110

14 10,211 10,211 1 100% 100% 50,000 100% 100% 1 100% 100% 1 100% 100% 1 100% 100% 1 100% 100% 1 100% 100% 1 100% 100% 111

14 1 100% 100% 1 100% 100% Grandview Architectural Design Services Limited 1 100% 100% 1 100% 100% 1 100% 100% 1 100% 100% 1 100% 100% 1 100% 100% 1 100% 100% 2014 112

14 1 100% 100% 80,000,000 91% 91% 443,000,000 100% 100% 30,000,000 100% 100% 100,000,000 100% 100% 40,000,000 100% 100% 30,000,000 100% 100% 10,000,000 100% 100% 10,000,000 100% 100% 30,000,000 100% 100% 35,295,000 100% 100% 113

14 30,000,000 100% 100% 50,000,000 100% 100% 66,000,000 100% 100% 50,000,000 100% 100% 20,000,000 100% 100% 10,000,000 100% 100% 33,000,000 100% 100% 50,000,000 100% 100% 351,800,000 100% 100% 10,500,000 100% 100% 393,040,900 100% 100% 10,000,000 100% 100% 2014 114

14 558,059,600 100% 100% 30,000,000 100% 100% 50,000,000 100% 100% 28,000,000 100% 100% 5,000,000 91% 100% 2,200,000 100% 100% 5,000,000 91% 100% 100,000,000 100% 100% 35,000,000 100% 100% 10,000,000 100% 100% 115

14 58,820,000 51% 51% 10,000,000 100% 100% 10,500,000 100% 100% 50,000,000 100% 100% 10,500,000 100% 100% 10,000,000 100% 100% 10,500,000 51% 51% 49,908,125 51% 51% 100,000,000 51% 51% 50,000,000 100% 100% 50,000,000 100% 100% 2014 116

14 5,000,000 51% 51% 5,000,000 91% 100% 6,000,000 100% 100% 10,500,000 66% 66% 18,000,000 95% 95% 5,000,000 100% 100% 5,000,000 51% 51% 117

15 3,097 2,199 9,663,537 4,486,934 13,772,764 8,977,288 4,436,042 4,219,405 27,872,343 17,683,627 27,875,440 17,685,826 (a) 27,872,343 17,683,627 3,169,653 2,142,222 (b) 21 2014 118

16 (i) 140,767 377,959 921,887 588,895 195,255 3,808 (v) 953,808 260,000 (vi) 4,612,788 (vi) 458,109 73,293 (vi) 15,827 22 27,814 27,814 2,502,385 1,315,974 4,835,857 3,808 (i) 1 116,311 135,356 13 116,588 36 61 14,672 105,485 1 9,784 20,530 140,767 377,959 (ii) (iii) 4(a) (iv) 119

16 (v) 260,000,000 953,808,000 (vi) 17 40,102 14,206 1,898,004 664,020 1,938,106 678,226 585,336 639,509 12,668 24,511 1,300,000 1,898,004 664,020 2014 120

18 5,576,357 3,827,434 272,537 1,207,654 5,286,477,000 2,613,059,000 19 1.7% 2.5% 436,600 1,167,000 (1,167,000) (436,600) 121

20 (i) 3,242,460 2,703,878 278,743 241,106 8,252 12,937 24(b)(ii) 368,811 368,811 36,523 267,195 7,789 8,367 6,390,599 6,346,951 (ii) 27,580 52,189 (ii) 223,860 161,063 (iii) 1,293,801 11,842,586 9,728,560 404,643 65,126 (i) 1 1,851,483 1,432,175 13 211,616 308,793 36 227,260 303,610 61 662,222 361,870 1 289,879 297,430 3,242,460 2,703,878 (ii) (iii) 1,300,000,000 2014 122

21 8,619,116 7,499,351 644,453 753,500 9,372,616 7,499,351 644,453 1,870,900 707,000 1,638,000 776,200 3,508,900 1,483,200 1 3,824,474 2,754,109 12 4,611,900 1,222,000 25 3,619,452 4,411,432 644,453 5 825,690 595,010 9,057,042 6,228,442 12,881,516 8,982,551 644,453 123

21 1 2,108,000 575,200 12 1,400,900 908,000 3,508,900 1,483,200 (i) 2.7% 13.0%2.0% 9.3% 2,370,000 2,978,000 220,000 925,595 9,645,405 4,736,349 4,007 803,668 16,919 567,286 639,509 12,586,698 10,320,040 (ii) 2014 124

21 (iii) 6.13% 13.00%7.05% 11.3% 18,050 87,000 87,000 897,863 327,121 644,155 1,330,034 731,155 (iv) 146,000,000 22 300 (i) 1,844,174 250 (ii) 1,539,672 3,383,846 (i) (ii) 300,000,000300 11.25% 250,000,000250 9.75% 125

22 (iii) (iv) (v) 16 300 1,865,470 (7,839) 1,857,631 (28,340) 119 (28,221) 1,837,130 (7,720) 1,829,410 121,688 121,688 (103,888) (103,888) (11,233) (11,233) (10,756) 10 (10,746) 1,844,174 (18,943) 1,825,231 250 1,543,679 (6,156) 1,537,523 (15,437) 62 (15,375) 1,528,242 (6,094) 1,522,148 9,894 9,894 (2,762) (2,762) 1,536 (15) 1,521 1,539,672 (8,871) 1,530,801 3,383,846 (27,814) 3,356,032 (iv) 300250 11.33% 9.83% (v) 16 4(e) 2014 126

23 25,480,000 4,950,000164,610,0002.34 2.348,170,000 1.08 1.08 2.34 2.34 55.667% 6 0% 1.26% 127

23 24 (a) 23(d)(v)23(d)(ii) 530 (15,723) (15,193) 772 (45,236) (44,464) 24(c) 58,965 1,159,169 1,218,134 24(c) 334,150 (334,150) 393,115 825,019 1,302 (60,959) 1,158,477 6,567 (88,399) (81,832) 24(b)(ii) (436,563) (436,563) 7(b) 46,890 46,890 393,115 825,019 46,890 7,869 (585,921) 686,972 2014 128

24 (b) (i) 11 9 11 9 435,490 433,879 (ii) 11 9 436,563 82,500,00067,752,000 20 129

24 (c) 0.1 100,000,000 100,000,000 100,000,000 100,000,000 5,000,000 500,000 1 * 750,000 75,000 4,249,999 425,000 5,000,000 500,000 5,000,000 500,000 393,115 393,115 * 100 380,0003,800,0000.1 10.1 0.1999 939 20 20 20 100 12,930,000 2014 130

24 (c) 99,996,200,000 0.110,000,000,000 424,999,900 334,150,0004,249,999,000 2.1750,000,0000.1 75,000,00058,965,000 1,474,393,0001,159,169,000 (d) (i) (ii) 2(u) (iii) 131

24 (d) (iii) 10% 50% 25% (iv) (1) (2) (v) 23 2014 132

24 (d) (vi) 246,967,000 765,362,000 119119 435,490,000 433,879,000 (e) 9,372,616 7,499,351 3,508,900 1,483,200 3,383,846 16,265,362 8,982,551 (5,576,357) (3,827,434) (1,938,106) (678,226) 8,750,899 4,476,891 13,317,018 7,349,676 65.7% 60.9% 133

24 (e) 21(ii) 25 5,231,861 3,883,596 20,781,381 18,499,548 26,013,242 22,383,144 26 (a) 3 15 13 1 59,458 66,034 15 178,866 124,618 5 86,029 13,165 324,353 203,817 2014 134

26 (b) 1 4 1 5,443 7,247 15 1,458 4,062 6,901 11,309 27 (a) 4,371,045 3,372,691 3% 5% 3 135

27 (a) (b) 424,564,000 424,564,000 47,334,000 424,201,000 28 (a) 228,400 674,466 (b) 2,710 3,650 (c) 2,890 (d) 1,739 (e) (24,323) (13,892) (a) 2014 136

28 (b) 29 (c) (d) 29 (e) 910 24,323 13,892 24,323 13,892 (f) 28(a)14A14A 28(b) (d) 14A14A 29 384 95% 95% 5,058,000 137

29 9,189 1,807,300 657,920 53,373 341,693 (1,302,965) (1,150,701) 415,809 (26,751) 6(a) 389,058 (5,058) 384,000 384,000 (223,850) 160,150 (341,693) 181,543 1,069,299,000 264,653,000 12,528,201,0002,431,626,000 707,000 30 24(b) 2014 138

31 32 1638 15 9 6229 358 9 139

12,497,937 11,119,424 6,587,660 3,447,474 2,851,659 2,347,630 2,024,156 1,794,068 1,247,583 926,251 5,609,629 4,187,407 4,075,690 3,187,487 2,097,201 39,226,124 23,624,432 17,973,466 13,405,167 9,986,814 44,835,753 27,811,839 22,049,156 16,592,654 12,084,015 17,827,322 13,634,741 12,821,807 9,596,124 5,938,292 13,691,413 6,827,422 5,076,588 4,673,171 4,449,058 31,518,735 20,462,163 17,898,395 14,267,295 10,387,350 13,317,018 7,349,676 4,150,761 2,323,359 1,696,665 11,209,886 7,335,688 4,092,780 2,291,849 1,680,726 2,107,132 13,988 57,981 31,510 15,939 13,317,018 7,349,676 4,150,761 2,323,359 1,696,665 2014 140