2015
1
3 5 7 22 25 33 41 43 44 45 46 47 48 49 112 2
Cricket Square Hutchins Drive PO Box 2681 Grand Cayman KY1-1111 Cayman Islands 188 38 15 HKICPA www.chinasmartpay.com 08325 15 10 1002 1003 3
18 42 33 A18 (852) 2546 8808 (852) 2546 3330 hk@smartpay.com.hk 4
90% + 5
O2O 2,500 +O2O NETS 6
333,390,000 219,930,000 7,870,000 105,590,000 227,800,000 68.33% 27,476,000,0006,571,000,000 1% 270,290,000 140% 113,970,000 231% 53,503,000 7,520,000 159% Oriental City Group (Thailand) Company Limited 9% 2,500,000 78,230,000 48.152.72 7
1) +; 2) O2O; 3) 4) + O2O40 70,000,000 88,466,000 90% 8.57% 90% 1,650,000393,000 9% 6% 1% 28,180,000139,330,000 1.034.44 37,580,00047,140,000 8
Tian Li Holdings Limited 144,000,0001.46 144,000,000 1.46 204,700,000 (i) 175,000,000 (ii) 25,000,000 (iii)4,000,000 104,310,0001.46 104,310,000 1.46 68,490,000 99,995,400 248,240,000 (i) 224,000,000 (ii) 6,000,000(iii) 18,000,000 9
562,400,000134,450,000 1,000,000 7,758,000 333,390,000148,470,000 78,230,00017,760,0008.15 2.72 1832910162 11 (i)1,310,000 (ii) 13,000,000 16,700,000 10% 20,000,000 25,000,000 34,923,000 70,000,000 88,466,000 10
37 33% 90% 156,000,000 196,076,000 33% 90% 67% 312,000,000 392,152,000 67% 100% 33%67% (i) (ii) (iii) (iv) (v) 1.1 (i) (ii)(iii) 11
90% 10% 90% 1.2 (i)1.0% 1% 3% 15 5(ii) 0.5% 1.0% 0.65% 1.50% 0.8% 1.25%(iii)(iv) 1.3 (i)(ii)(iii)(iv)(v) (vi) 12
A. (i) (ii) 30 B. (i) (ii) (i) (ii) (iii) (iv) (v) 13
1,000,000 50% C. (i) (ii) (iii) (A) (B) 14
(i)(ii) (iii) (i) (ii) (iii) D. (i) (ii) (iii) 1 15
(i) (ii) (iii) E. (i) (ii) (iii) 16
(i) (ii) (iii) F. (i) (ii) (iii) (iv) 2. 6,021,000 ( 7,584,000 1,156,029,000 1,460,998,000474,950,000 600,245,000 17
3. 2011 (i) (ii) 90% 90% 18
90% 33% 90% 29.7% 4. 52 19
20
5. 6. 21
52 Yancoal Australia Ltd (ASX:YAL) 51 20Probest Limited Master Energy EMBAMBA 2014 4 1998-1999 22
66 Santa Clara 47 51 90% 44 48 23
48 PE 66 41DX.com 38 CAT 46 34 9 24
5.46 5.67 2224 25
1313 13/13 1/1 1/3 13/13 1/1 1/3 12/13 1/1 1/3 2/3 N/A 0/1 2/13 1/1 2/3 1/1 N/A 1/1 12/13 1/1 2/3 10/13 0/1 1/3 9/13 0/1 1/3 10/13 1/1 0/2 N/A N/A 1/1 26
5.05(1) 5.05(2) 5.05A 5.09 A.2.1 27
84 4/4 4/4 4/4 28
2/2 2/2 1/2 1/2 2/2 2/2 9 1,000,000 10 1,000,0012,000,000 3 2,000,001 2 15 29
4/4 4/4 4/4 30
700 108 1,000 1,808 * 8(d) 108,000 31
18838 15 15 (http://www.chinasmartpay.com) 32
14 43111 112 28 18 29 485,910,000 102,990,000 56% 74% 38% 99% 5% 33
84(1) 83(3) 2224 20,00030,000 120,000 60,000 10,000 34
240,000 360,000 1,440,000 720,000 120,000 83(3) 40,000 6,000,0006,000,0000.01 0.842,000,000 20,000,000 20,000,000 0.01 2.22 72,000 72,000 35
9 10 XV XV7 8 352 5.465.67 (a) 0.01 1 174,500,000 16.83% 2 51,270,000 4.95% 3 6,000,000 0.58% 4 770,000 0.07% 3 2,000,000 0.19% 4,750,000 0.46% 3 6,000,000 0.57% 3 8,600,000 0.83% 1. Tian Li Holdings LimitedTian Li Tian Li 70% 30% Tian LiTian Li 174,500,000 2. 51,270,000 Probest LimitedProbest ProbestProbest Probest51,270,000 3. 4. 770,000 770,000 36
(b) Tian Li30% XV XV7 8 5.465.67 (i) (ii) (iii) (iv) (v) (vi) 103,680,000 10%10% 12 12 1% 1.00 (i) (ii) (iii) 37
38 0.84 6,000,000 0.84 2,000,000 2,000,000 2,000,000 (a) (b) 1.66 (a) 6,000,000 (b) 2,000,000 1.64 (a) 3,000,000 3,000,000 (b) 2,000,000 1.55 8,600,000 1.40 8,600,000
XV2 3 336 Tian Li1 174,500,000 16.83% Zhang Chang 68,490,000 6.61% 336 XV2 3 1. Tian Li70% 30% Tian Li Tian Li 3 5.09 2532 39
25% www.hkex.com.hk 40
42nd Floor, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong 1842 Tel: (852) 2909 5555 Fax: (852) 2810 0032 Email: info@mazars.hk Website: www.mazars.cn 43111 41
P05510 42
6 333,388 148,475 (270,289) (112,536) 63,099 35,939 7 858 128 (113,972) (34,428) (7,522) (2,900) 8 (2,534) (37) (1,167) (1,519) 8 (62,757) (1,298) 11 (7,740) (6,403) (70,497) (7,701) 13 (78,232) (17,762) 7,735 10,061 (70,497) (7,701) 13 (8.15) (2.72) 43
(70,497) (7,701) (268) (1,502) (70,765) (9,203) (78,507) (18,848) 7,742 9,645 (70,765) (9,203) 44
15 7,683 16 29,945 17 475,031 988 18 43,937 3,320 19 2,063 558,659 4,308 20 1,955 21 101,556 123,641 22 784,002 9,026 23 37,577 47,141 925,090 179,808 24 804,315 38,631 25 88,466 4,131 1,843 896,912 40,474 28,178 139,334 586,837 143,642 26 2,076 658 27 393 393 2,469 1,051 584,368 142,591 28 10,368 7,200 552,030 127,254 562,398 134,454 21,970 8,137 584,368 142,591 45
14 559,249 121,405 18 178 559,427 121,405 21 619 511 23 2,136 174 2,755 685 24 1,976 1,477 779 (792) 560,206 120,613 28 10,368 7,200 29 549,838 113,413 560,206 120,613 46
29(a) 29(b) 29(c) 29(d) 30 6,000 14,559 6,996 421 766 928 (13,428) 16,242 2,229 18,471 (17,762) (17,762) 10,061 (7,701) (1,086) (1,086) (416) (1,502) (1,086) (17,762) (18,848) 9,645 (9,203) 9,499 9,499 9,499 28(a) 1,200 119,223 120,423 120,423 (6,599) (6,599) 7,138 7,138 2,862 10,000 1,200 119,223 9,499 7,138 137,060 (3,737) 133,323 7,200 133,782 6,996 (665) 766 10,427 (24,052) 134,454 8,137 142,591 7,200 133,782 6,996 (665) 766 10,427 (24,052) 134,454 8,137 142,591 (78,232) (78,232) 7,735 (70,497) (275) (275) 7 (268) (275) (78,232) (78,507) 7,742 (70,765) 53,503 53,503 53,503 28(b) 1,440 203,267 204,707 204,707 28(c) 1,043 147,202 148,245 148,245 28(d) 685 99,311 99,996 99,996 (6,681) (6,681) 32 12,772 12,772 3,168 449,780 53,503 506,451 6,091 512,542 10,368 583,562 6,996 (940) 766 63,930 (102,284) 562,398 21,970 584,368 47
31 104,281 (40,130) (2,534) (37) 6,265 128 (5,350) (5,390) 102,662 (45,429) 32 (531,790) (1,894) (26,441) (4,602) (1,093) 10,614 (6,319) (50,000) (558,538) (52,987) 10,000 452,948 120,423 (6,681) (6,599) 446,267 123,824 (9,609) 25,408 47,141 23,009 45 (1,276) 23 37,577 47,141 48
1. Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands 141516 2. 3 3. 32 32 36 36 49
3. (i) (ii) 50
3. 51
3. 52
3. 3 3 5 4 10 (i)(ii)(a) (b) 53
3. 1) 2) 3) 54
3. 55
3. 56
3. 57
3. 58
3. (a) (i) (ii) (iii) 59
3. (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (a) (b) (c) 60
3. (a) (i) Oriental City Group (Thailand) Company Limited 50% 14(a) Oriental City Group Thailand Limited 50% 10 61
3. (a) (ii) 14(b) 10 62
3. (b) (i) 36 39 (ii) (iii) (iv) (v) 63
4. 19 1 2 2 1 3 16 3 38 16 3 41 27 3 28 3 10 10 3 12 28 11 3 14 3 4 15 5 9 6 1 2 3 4 5 6 5. (i) (ii) (iii) 64
5. 10% A 187,597 187,597 7,871 32,332 105,588 145,791 7,871 219,929 105,588 333,388 (1,299) 16,570 19,406 34,677 858 (2,534) (93,072) (1,167) (1,519) (62,757) (7,740) (70,497) 65
5. A 34,150 34,150 B 24,097 24,097 23,885 23,885 66,343 66,343 34,150 114,325 148,475 4,342 25,490 29,832 128 (37) (31,221) (1,298) (6,403) (7,701) 66
5. 38,488 122 3,097 2,230 43,937 2,035 28 2,063 474,043 988 475,031 849,200 24,650 38,630 50,238 962,718 1,363,766 25,760 41,727 52,496 1,483,749 856,782 6,359 28,149 8,091 899,381 55 2 57 861 38 1,236 424 2,559 53,503 53,503 2,079 30 2,109 39,165 1,442 2,394 43,001 160 2,890 270 3,320 988 988 41,928 40,253 97,627 179,808 43,076 43,143 97,897 184,116 9,292 29,583 2,650 41,525 6 985 106 1,097 9,499 9,499 168 1,016 77 1,261 67
6. 219,929 34,150 82,683 90,228 22,905 24,097 261 1,537 6,073 333,388 148,475 7. 192 128 666 858 128 68
8. (a) 36 37 2,498 2,534 37 (b) 18,379 8,663 1,440 207 23,263 9,499 43,082 18,369 (c) 5,008 4,125 52 63 9,055 6,330 14,115 10,518 (d) 808 407 57 190,280 30,633 2,559 1,097 30,240 4,231 1,722 69
9. 120 6 126 ^ 38 2 40 240 1,577 1,817 360 360 # 1,192 5,985 7,177 # 151 151 2,101 8 7,562 9,671 # 480 857 1,337 * 6 6 72 72 72 72 # 63 63 213 213 693 2,101 8 8,419 11,221 120 6 126 120 6 126 # 129 3,313 3,442 # 193 1,600 1,793 562 12 4,913 5,487 # 480 857 1,337 * 34 34 48 48 * 25 25 # 48 48 # 48 48 203 203 683 562 12 5,770 7,027 # * ^ 70
10. 9 1,325 2,901 217 29 7,577 2,328 9,119 5,258 1,000,000 1,000,0012,000,000 1 2 2,000,0013,000,000 3 1 4 3 11. 2,739 716 3,659 4,612 1,188 594 7,586 5,922 154 481 7,740 6,403 71
11. (i) 16.5% (ii) 25% 15% 20%20% 10% (62,757) (1,298) (11,679) (2,398) 18,149 7,654 (156) 55 48 1,188 594 154 481 29 24 7,740 6,403 12. 66,858,00018,157,000 72
13. 78,232,000 17,762,000959,710,685 651,945,205 14. 9 9 (i) 573,163 131,253 (ii) (13,923) (9,857) 559,240 121,396 559,249 121,405 (i) (ii) 13,923,0009,857,000 100% 100% b 100% 73
14. Vast Prosper Limited 1 100% 4,500,000 100% 14,751,500 100% 10,000 70% Firm Idea Limited 1 100% New United Global Limited 1 100% Speedy Yield Limited 1 100% Wide Joy Limited 1 100% 1 100% 1 100% 10,000 100% 100 70% Rosy City Holdings Limited 1 100% 10,000 100% Victory Pacific Investments Limited 1 100% 74
14. 1 70% d 100,000,000 90% b c OCG South Asia (BVI) Limited 1 100% Oriental City Group Lao Co. Limited 100,000 100% 100 100% Oriental City Group China Limited 1 100% Oriental City Group Thailand Limited (BVI) 100 70% 100,000,000 100% b 150,000 100% Oriental City Group (Thailand) Company Limited 7,500,000 42% 1,650,000 <a> 75
14. <a> 7,500,0001,561,0001,650,000393,000 9% 9% (BVI) 42% <b> 10 <c> 25 70,000,000 88,466,000 <d> 76
14. 58% 10% 42% 10% 38,630 846,664 3,097 49,123 (25,472) (771,899) (393) 15,862 123,888 9,200 12,389 77
14. 105,588 7,584 (90,992) (8,301) 14,596 (717) (105) 14,491 (717) 8,466 (72) 8,405 (72) 4,755 8,919 (13,307) (717) 10,631 (12,033) (3,831) (2,676) 78
14. 58% 42% 40,253 2,890 (29,451) (393) 13,299 7,713 114,325 (96,038) 18,287 (802) 17,485 10,283 9,811 3,957 15,155 (1,017) (9,913) 4,225 79
15. 7,683 20,000,000 40% 80
15. 19,326 291 (409) 19,208 15,049 19,208 40% 40% 7,683 48 (327) (131) 22 (3) 81
15. 32 33% 67%32 1,036,000 16. 13,090 16,855 29,945 10,000,000 49% 29,500,000 22.21% 2,000,000 16.99% 82
16. 11,979 31,361 371 1,372 (157) (701) 12,193 32,032 12,193 32,032 49% 22.21% 5,975 7,115 16,855 5,975 23,970 1,772 (443) (5,862) (217) (1,302) 1,100,000 11% 83
17. (a) (b) 32 988 988 988 988 32 471,429 471,429 2,614 2,614 988 474,043 475,031 17(a) 2,500,000 100% 988,000 84
17. 17(b) 468,000,000 588,000,000 33% 67% 471,429,000 ^ 893,168,000 # 0.68 2.87 ^ # 85
18. 82 6,928 7,010 1,093 1,093 168 168 (7) (645) (652) 75 7,544 7,619 702 2,836 1,064 4,602 35,049 208 2,855 287 38,399 (18) (18) 165 3 20 5 193 35,214 988 13,237 1,356 50,795 81 3,473 3,554 1 1,096 1,097 (7) (345) (352) 75 4,224 4,299 290 183 1,970 116 2,559 (3) (3) 1 1 1 3 291 259 6,192 116 6,858 34,923 729 7,045 1,240 43,937 3,320 3,320 34,923,000 70,000,000 88,466,00025 86
18. 136 59 195 136 59 195 7 10 17 7 10 17 129 49 178 19. 30 2,079 11 2,120 57 57 2,063 87
20. 2.45% (a)(b) (c) 21. (a) 29,276 26,187 32/34 6,319 50,000 (b) 27,418 (c) 38,543 47,454 619 511 101,556 123,641 619 511 21(a) 90 1 23,941 26,187 1 3 3,784 3 1,551 29,276 26,187 88
21. 21(a) 27,517 26,187 1 495 1 3 419 3 845 1,759 29,276 26,187 21(b) 21(c) 5,708 32,835 47,454 38,543 47,454 18,244 17,400 89
22. (a) 3,499 9,026 (b)(i) 679,398 682,897 9,026 (b)(ii) 101,105 784,002 9,026 22(a) 22(b) (i) 0.35% 5% (ii) 4.6% 4.75% 23. 5,024 25,825 2,136 174 17,619 4,487 29 3,641 14,905 13,188 37,577 47,141 2,136 174 90
24. (a) 37,455 34,413 (b) 748,959 786,414 34,413 14,317 4,218 1,976 1,477 (c) 3,584 804,315 38,631 1,976 1,477 (a) 30 60 37,455 34,413 (b) (c) 91
25. 88,466 88,466 70,000,000 88,466,00090% 8.57% 90% 90% 92
26. 658 658 177 177 1,264 1,264 154 154 481 481 812 1,264 2,076 658 658 1,264 812 658 2,076 658 2,076 658 812,000658,000 218 238 246 187 145 92 107 115 103 2,195 2,827 819 93
27. 14(a) 28. 1,650,000 393,0001,650,000393,000 9% 2,000,000,000 20,000 2,000,000,000 20,000 720,000,000 7,200 600,000,000 6,000 (a) 120,000,000 1,200 (b) 144,000,000 1,440 (c) 104,310,000 1,043 (d) 68,490,000 685 1,036,800,000 10,368 720,000,000 7,200 (a) 120,000,0001.03123,600,000 3,177,000 (b) 144,000,0001.46 210,240,000 5,533,000 (c) 104,310,0001.46 152,293,000 4,048,000 (d) 68,490,0001.46 99,996,000 94
29. 29(a) 30 14,559 927 (12,639) 2,847 (18,157) (18,157) 28(a) 119,223 119,223 9,500 9,500 133,782 10,427 (30,796) 113,413 133,782 10,427 (30,796) 113,413 (66,858) (66,858) 28(b) 203,267 203,267 28(c) 147,202 147,202 28(d) 99,311 99,311 53,503 53,503 583,562 63,930 (97,654) 549,838 95
29. 29(a) 29(b) 29(c) 3 29(d) 5% 10% 30. 10%10%10%10% 12 12 1% 1.00 96
30. (i) (ii) (iii) 10% 103,680,000 10% 103,680,00072,000,000 10%10% (i)(ii) 60,000,000 6,000,000 (iii) 72,000,000 54,000,000 132,000,000 60,000,000 1.58 0.84 1.55 1.66 1.56 1.58 1.56 1.44 4.04 4.52 132,000,000 15,000,000 0.84 1.66 0.84 1.66 97
30. (i) 6,000,000 0.84 2,000,000 2,000,000 2,000,000 (ii) 6,000,0002,000,000 7,500,000 38,500,000 1.66 11,000,000 4,500,000 38,500,000 (iii) 8,600,000 63,400,000 1.55 98
30. <> (i) (ii) 0.4285 0.560.67 0.6959 0.4736 0.375 0.800.83 0.84 1.64 1.40 1.40 1.13 0.84 1.66 1.55 1.55 1.66 58.78% 70.00% 78.34% 78.34% 58.09% 0.291% 1.087% 0.642% 0.642% 0.893% 2.47 1.60 2.47 2.47 1.60 1.00 53,503,000 9,499,000 99
31. (62,757) (1,298) 1,167 1,519 57 2,559 1,097 15 (2,752) (1,482) 2,534 37 (6,265) (128) 53,503 9,499 38,782 (3,141) 114,529 (13,581) (38,610) (31,133) 104,281 (40,130) 32. 14(b) 156,000,000 196,076,000 90% 33% 67% 312,000,000 392,152,000 67% 100% 14(b) 100
32. 392,152 33% 195,042 587,194 7,772 4,927 33,342 2,079 12,569 135,727 813,752 6,438 (803,879) (87,983) 124,744 5,057 (1,264) 128,537 (12,772) 471,429 587,194 101
32. 6,438 (196,076) (392,152) 50,000 (531,790) 4,024,000 5,057,000 25% 3,545,000 3,545,000 (i)(ii) 7,584,000 3,247,000 364,131,00057,295,000 2,500,000 988,000 102
32. 2,500 168 106 1,500 (262) 1,512 988 2,500 106 (2,000) (1,894) 500,000 1,500,000 1,500,000 34,150,000 2,216,000 175,485,0006,199,000 103
33. 34. 5,472 2,453 1,206 1,806 1,035 1,147 333 766 6,507 3,600 1,539 2,572 1,314 18,000,000 23,000,000 10% 5,000,000 6,300,000 20 104
35. (a) (i)(ii)(iii)(iv) (i) 21 1,000,0007,758,000 1%1% 185,000172,000 2223 105
35. (a) (ii) 50 543,000140,000 50 (iii) 1,955 101,556 123,641 619 511 784,002 9,026 37,577 47,141 2,136 174 63%66%92%99% 106
35. (a) (iv) 804,315 804,315 1,976 92,257 92,257 <> 393 393 896,572 393 896,965 1,976 38,631 38,631 1,477 <> 393 393 38,631 393 39,024 1,477 <> 148,50036,000148,500 37,000 107
35. (b) 101,556 123,641 619 511 784,002 9,026 37,577 47,141 2,136 174 923,135 179,808 2,755 685 1,955 804,315 38,631 1,976 1,477 88,466 393 393 893,174 39,024 1,976 1,477 36. 108
37. (a) 10,000,000 77,550,00010,000,00077,550,000 41,918,91841,918,918 9,980,00077,400,000 9,850,00076,390,000 1.8461.822 41,918,91841,918,918 (b) 20,000,000155,100,000 83,837,837 19,640,000 152,310,0001.817 8,500,000 65,900,000 35,631,081 11,500,00089,200,000 48,206,756 109
37. (c) Firm Idea Limited AE Investment Consulting Limited AEAE 300,000,000 (i) 1,000,000 (ii) 36,500,000 (iii) 137,500,000 (iv) AE2.15 54,000,000 (v) AE2.15 71,000,000 AE (i) 30,000,000 (ii) 40,000,000 2.15 63,953,488 AEAE AE AE 110
37. (d) 35,000,00068,680,000 2.20 103,680,000103,680,000 111
333,388 148,475 84,575 22,569 14,102 (270,289) (112,536) (57,356) (15,254) (8,696) 63,099 35,939 27,219 7,315 5,406 858 128 60 197 212 (113,972) (34,428) (14,130) (7,545) (7,197) (7,522) (2,900) (2,884) (961) (694) (2,534) (37) (33) (31) (31) (1,167) (1,519) (62,757) (1,298) 10,232 (1,025) (2,304) (7,740) (6,403) (5,166) (1,292) (544) (70,497) (7,701) 5,066 (2,317) (2,848) (78,232) (17,762) (500) (3,232) (3,333) 7,735 10,061 5,566 915 485 (70,497) (7,701) 5,066 (2,317) (2,848) 1,483,749 184,116 97,545 26,788 26,983 (899,381) (41,525) (79,074) (9,977) (7,202) 584,368 142,591 18,471 16,811 19,781 112