FDG Electric Vehicles Limited 五龍電動車 集團 有限公司 Annual Report 2015 /16 2015 /16 年年報 Annual Report 2015/16 年年報

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2015/16 2 Conyers Dill & Pearman

Clarendon House 2 Church Street Hamilton HM 11 Bermuda 26 30 3001 3005 MUFG Fund Services (Bermuda) Limited The Belvedere Building 69 Pitts Bay Road Pembroke HM08 Bermuda 338 2 33 3301 04 729 www.fdgev.com 3

(228,154) (409,759) (906,389) (324,447) (442,334) 8,689,001 6,024,455 3,876,804 1,628,244 1,774,048 (4,597,192) (3,710,250) (1,813,965) (1,288,053) (1,244,800) 4,091,809 2,314,205 2,062,839 340,191 529,248 729,282 243,059 329,039 3,362,527 2,071,146 1,733,800 340,191 529,248 19.7% 104.5% 76.8% 2015/16 4

37.94 33.113.4 24.758.364.51.8 2016 2,000 1086300 1 1 SUV e.cool 14 e.bosse.glorye.cool ACT Expo 1828 5

5227SK (NCM) 2015/16 6

56 269378 67.19% 56622 16 7

53 57 570 570 353.05 639 1104 2015/16 8

54 2307 989 811 2123 1717 811285 567 3889 325 68Queen s UniversityImperial College London Bankers Trust CompanyUnited Capital Ltd. 9

56 65 1100 571XV 1314 (a)(b) (c) 16 2015/16 10

(i)(ii)(iii) (iv)(v) 21 2428 8 50 4 10.5% 28.6% 37.7% 71.1% 5% 11

41 0.50 1,000,000,000 34 5442 84 3.13 2015/16 12

XV 352 6 7 6,800,000 10,000,000 16,800,000 0.08% 2,651,059,998 2,651,059,998 1 12.07% 317(1)(a) 5,104,572,167 43,000,000 5,147,572,167 1 5 23.43% 15,000,000 15,000,000 0.07% 1,970,551,043 1,970,551,043 2 8.97% 317(1)(a) 5,791,881,122 38,000,000 5,829,881,122 2 5 26.54% 12,000,000 12,000,000 3 6 0.05% 658,125,000 658,125,000 3 3.00% 317(1)(a) 7,104,307,165 41,000,000 7,145,307,165 3 5 32.53% 6,579,000 42,800,000 49,379,000 0.22% 13

6 7 1,000,000 16,000,000 17,000,000 0.08% 317(1)(a) 7,761,432,165 37,000,000 7,798,432,165 4 5 35.50% 12,900,000 12,900,000 0.06% 12,900,000 12,900,000 0.06% 12,900,000 12,900,000 0.06% 10,000,000 10,000,000 0.05% 1. 7,815,432,165(i)2,311,059,998 (ii) Champion Rise International Limited340,000,000 (iii)6,800,00010,000,000 6 (iv) 5 5,104,572,16743,000,000 6 2. 7,815,432,165(i) Union Ever Holdings Limited1,806,301,043 (ii) Infinity Wealth International Limited164,250,000 (iii)15,000,000 6 (iv) 5 5,791,881,12238,000,000 6 3. 7,815,432,165(i) Captain Century Limited658,125,000 60% 40% (ii)12,000,000 6 (iii) 5 7,104,307,16541,000,000 6 4. 7,815,432,165(i)1,000,00016,000,000 6 (ii) 5 7,761,432,16537,000,000 6 5. Star Mercury Investments Ltd. 317(1)(a) 6. 43 7. 21,963,581,108 XV 352 2015/16 14

43 (i) (ii) (iii) (iv) (v) (vi) 10% 1% (i) (ii) (iii) 1.00 767,000 15

43 16 336 8 9 1 2 451,908,000 451,908,000 2.06% 1,022,988,124 1,022,988,124 4.66% 317(1)(a) 6,287,536,041 53,000,000 6,340,536,041 28.86% 2015/16 16

8 9 1 2 1 2 Star Mercury Investments Ltd. 1 3 Smooth Way Holdings Inc. 1 3 1 3 1,474,896,124 1,474,896,124 6.72% 317(1)(a) 6,287,536,041 53,000,000 6,340,536,041 28.86% 1,474,896,124 1,474,896,124 6.72% 317(1)(a) 6,287,536,041 53,000,000 6,340,536,041 28.86% 1,000,000,000 1,000,000,000 4.55% 317(1)(a) 6,762,432,165 53,000,000 6,815,432,165 31.03% 1,000,000,000 1,000,000,000 4.55% 317(1)(a) 6,762,432,165 53,000,000 6,815,432,165 31.03% 1,000,000,000 1,000,000,000 4.55% 317(1)(a) 6,762,432,165 53,000,000 6,815,432,165 31.03% 17

8 9 1 4 1 4 5 Union Ever Holdings Limited6 2,474,896,124 2,474,896,124 11.27% 317(1)(a) 5,287,536,041 53,000,000 5,340,536,041 24.31% 2,474,896,124 2,474,896,124 11.27% 317(1)(a) 5,287,536,041 53,000,000 5,340,536,041 24.31% 2,311,059,998 2,311,059,998 10.52% 1,806,301,043 1,806,301,043 9.87% 7 1,456,810,000 1,456,810,000 6.63% 1. Star Mercury Investments Ltd. Star Mercury Investments Ltd. 1,000,000,000 26.1(b)317(1)(a) 7,815,432,165 2. (i) 1,474,896,124 451,908,000 Right Precious Limited1,022,988,124(ii) 1 6,340,536,041 Right Precious Limited 40% 3. Star Mercury Investments Ltd. (i) 1,000,000,000(ii) 1 6,815,432,165 Star Mercury Investments Ltd. Smooth Way Holdings Inc. Smooth Way Holdings Inc. 2015/16 18

4. (i) 2,474,896,124 64.29% 1,474,896,124 2 1,000,000,000 3 (ii) 1 5,340,536,041 58.13% 5. 2,311,059,998 6. Union Ever Holdings LimitedUnion EverUnion Ever1,806,301,043 Union Ever 7. 1,456,810,0006,660,000Lion Cosmos LimitedLion Cosmos707,150,000Li Ka Shing (Canada) FoundationLKSCF743,000,000Lucky River Holdings LimitedLucky River Lion CosmosLKSCF LKSCF Lucky River Mayspin Management Limited Mayspin Management Limited 8. 9. 21,963,581,108 336 8.10(2) Orng EV Solutions, Inc.53.55% 19

33 38 43 12 169,500 2015/16 20

(a) 0.50430,000,000(b) 275,000,000 488,500,000 47(a) 75%25% 21.85% 47 21

2015/16 22

(i) (ii) (iii) 378 (i)(ii) GDP 6.9%GDP6.7% 2.791.722,450.332,459.76 3.25% 4.68% 54.9 37.9 33.1143.425.4624.75 4 58.32 169.48%33.256.93%317.06% 2025 2016 2020 2020 23

e.cool 15 1,15010 2015/16 24

1828 (IEVE)EV 28 (GNEV6) 5227 21.85%4.27% 3,000 75% 25%Synergy Dragon Limited 1080 25

SK SK SK (NCM)2,4009,600 SK10 30% 2015/16 26

3 28 511 27

363,384 303,605 338,556 8,628 701,940 312,233 701,900,000 312,200,000 124.8% 363,400,000303,600,00019.7% 2015/16 28

70,500,000144,200,00039.7% 23.2%16.5% 508,700,000 887,800,000 (i) 36,700,00028,400,0008,300,000 (ii) 350,300,000232,600,000117,700,000 (iii) 62,800,00016,700,00046,100,000 (iv) 304,800,000125,700,000179,100,000 (v) 87,400,000 (vi) 82,900,000 LBITDA329,000,000 206,200,000122,800,000 409,700,000 228,200,000 659,600,00099,000,000 (i)82,900,000(ii) 1,693,100,000 447,800,000 29

285,777 2016 0 50,000 100,000 150,000 200,000 250,000 300,000 297,828 2015 0 50,000 100,000 150,000 200,000 250,000 300,000 11,395 2016 0 5000 10000 15000 20000 25000 30000 3,061 2015 0 5000 10000 15000 20000 25000 30000 46,292 2016 0 25000 30000 35000 40000 45000 50000 2015 0 25000 30000 35000 40000 45000 50000 2015/16 30

303,800,000 592,700,000 95.1%22.9%46.1% 110,000,000142,600,00022.9% EBITDA3,700,000 EBITDA 36,100,000 11,400,0003,100,000 8,300,000 225,800,00082,900,000 308,700,000245,100,00025.9% 700,0001,200,000500,000 3,400,0003,600,000 NCM 46,300,00030,400,000NCM 31

19,300,0001,500,000 24,500,000 3,000,000 11.6%17.0%76.6%73.1%2.2% 2.7%1.2%1.5%5.2%0.9%3.2%4.8% 76.6% 2016 11.6% 2.2% 5.2% 1.2% 3.2% 73.1% 2015 17.0% 2.7% 0.9% 1.5% 4.8% 2015/16 32

(i) 6,035,000,000 4,359,700,000 (ii) 2,654,000,000 1,664,800,000 2,891,300,000 2,286,400,000 760,800,000 523,500,000 139,100,000 3 476,600,0001,423,800,000 1,705,900,000 1,983,000,000 880,200,000 (i)1,255,800,000 190,600,000 2,176,900,000 315,200,000 (ii)694,600,000 689,600,000 (iii) 32,600,000 1,102,200,000 880,200,000 169,800,000711,000,000 33

2,314,200,0004,091,800,000 0.15 0.12 760,800,000 760,800,000476,600,000 1,156,000,00059.0%42.5% 1,983,000,000 880,200,000 3,362,500,000 2,071,100,000 0.01 20,0005,000 1,000,000,000 0.50491,500,000 Star Mercury Investments Ltd. 1,000,000,000 0.465463,000,000 954,500,000 100,000,000 459,500,000 395,000,000 2015/16 34

(i)2,091,410,374 0.50 (ii)6,000,000 17,866,170,734 21,963,581,108 (i)131,826,304.80 0.50263,652,609(ii) 451,800,000 (iii) VMS Investment Group Limited 400,000,000 8% 0.60666,666,666 1.70 150,000,000 150,000,000 840,106,498 690,106,49889.54%73.55% Smith Electric Vehicles CorpSmith Orng EV Solutions, Inc.JVSmith SmithJV 15,000,000 JV22,500,000JV SmithSmith JVJV Smith 20,000,000JV Smith SmithJVJV 45.45% JV 35

(i)7.7335,000,000 (ii)7.7335,000,000 73.55%70.91% Kingspark Group LimitedKingspark SK China Company LimitedSKC Co., Ltd. (i) KingsparkPremier Property Management LimitedPremier Property39,291,010Premier Property 90.91%(ii) Kingspark Premier Property 3,929,000Premier Property 9.09%722,000,000 (i)338,182,608 244,755,815(ii)33,817,39224,474,955 (i) Premier Property (ii)70.91%67.19% Premier Property Premier Property 17(a) 2015/16 36

212,600,000 128,900,000 15044(b) 65 47 2,663 2,119 315,600,000190,000,000 37

A.2.1 A.2.1 A.5.1 A.5.1 7 10 2015/16 38

A.2.1 3.10(1) 3.10(2) 3.10A 3.13 39

7/7 5/7 6 d /7 6 c /7 7/7 3 a /3 7 b /7 7 a /7 7/7 a. b. c. d 2015/16 40

(i) (ii) (iii)(iv) (v) www.fdgev.com 41

1/1 1 a /1 1/1 1/1 1/1 a. (i)(ii) (iii) (i)(ii) (iii) (i) (ii) (iii) (iv) www.fdgev.com 2015/16 42

1/1 1/1 1/1 1 a /1 1/1 1/1 a. (i)(ii)(iii) (iv) (i) (ii) (i)(ii) (iii) (iv) (a) (b) www.fdgev.com 43

2/2 2 a /2 2 a /2 a. (i)(ii) (iii) (iv)(v) (vi) 2015/16 44

2,500,000 930,000 48 49 237,246,000 760,752,000 336 45

1/1 1/1 0/1 0/1 0/1 0/1 0/1 1/1 1/1 1/1 1/1 0/1 1/1 0/1 1/1 1/1 1/1 2015/16 46

58 74(3) 79 80(i) (ii)100 2630 3001 3005 www.fdgev.com (852) 3101 6104(852) 3104 2801 ir@fdgev.com 47

50156 90 2015/16 48

P04963 49

7 363,384 303,605 (219,141) (233,069) 144,243 70,536 9 27,332 25,616 9 (35,859) (2,864) (36,747) (28,396) (350,329) (232,591) (62,797) (16,728) 10 (304,801) (125,690) 11 (87,381) (74,643) 19 (171,010) (181,511) (547) (10,771) (403) 11 (888,667) (566,674) 13 865 57,932 (887,802) (508,742) (228,154) (409,759) (659,648) (98,983) (887,802) (508,742) 15 (1.21) (2.36) 2015/16 50

(887,802) (508,742) (165,911) 4,664 (5,411) 2,477 (171,322) 7,141 (1,059,124) (501,601) (355,032) (403,301) (704,092) (98,300) (1,059,124) (501,601) 51

18 1,319,800 871,647 19 854,080 932,447 20 2,833,613 1,849,768 20 362,137 369,622 22 3,186 23 342,936 107,866 24 23,884 93,634 25 48,249 26 285,966 76,265 30 434 467 27 8,950 9,731 6,034,986 4,359,696 28 613,349 192,715 29 153,576 148,185 30 629,154 399,060 25 69,221 10,569 38 34,141 53,862 31 212,559 128,871 32 320,019 32 942,015 411,478 2,654,015 1,664,759 33 (1,102,153) (880,203) 34 (410,954) (139,189) 35 (604,152) (493,158) (13,250) (13,101) 36 (760,752) (760,752) (2,891,261) (2,286,403) (237,246) (621,644) 5,797,740 3,738,052 2015/16 52

37 (50,113) (52,718) 40 (72,006) 33 (880,802) 38 (476,611) (1,156,011) 39 (226,399) (215,118) (1,705,931) (1,423,847) 4,091,809 2,314,205 41 219,636 178,662 42 3,142,891 1,892,484 3,362,527 2,071,146 729,282 243,059 4,091,809 2,314,205 53

169,769 6,174,125 20,047 15,506 1,868 21,839 (4,669,354) 1,733,800 329,039 2,062,839 (409,759) (409,759) (98,983) (508,742) 3,981 3,981 683 4,664 2,477 2,477 2,477 6,458 6,458 683 7,141 6,458 (409,759) (403,301) (98,300) (501,601) 41(d) 3,800 178,600 182,400 182,400 165,419 165,419 38 601,894 601,894 601,894 41(b) 5,093 251,536 (90,715) 165,914 165,914 17(d) (223,421) (223,421) (153,099) (376,520) (15,076) 15,076 13,860 13,860 13,860 178,662 6,604,261 26,505 15,506 1,868 511,179 20,623 (5,287,458) 2,071,146 243,059 2,314,205 (228,154) (228,154) (659,648) (887,802) (121,467) (121,467) (44,444) (165,911) (5,411) (5,411) (5,411) (126,878) (126,878) (44,444) (171,322) (126,878) (228,154) (355,032) (704,092) (1,059,124) 41(a) 20,000 937,462 957,462 957,462 60 2,910 (270) 2,700 2,700 230,220 230,220 17(b)(ii) (92,148) (92,148) 960,095 867,947 41(b) 20,914 1,123,808 (377,580) 767,142 767,142 42(a) (6,824,625) 6,824,625 42(a) (5,420,546) 5,420,546 (58) 58 11,257 11,257 11,257 219,636 1,843,816 (100,373) 1,419,585 1,868 133,599 31,552 (187,156) 3,362,527 729,282 4,091,809 2015/16 54

(888,667) (566,674) 11 (23,765) (10,806) 10 304,801 125,690 11 709 (595) 9 (7,300) 9 226 9 (82,948) 20 69,158 55,524 20 8,494 7,854 11 11,257 13,860 19 171,010 181,511 29(d) 16,235 30(b) 34,558 1,491 9 69,750 9 4,755 1,336 35 2,467 (7,535) (521) 11,318 403 9 19,344 37 9 (18,761) (355) 1,262 (389,970) (65,936) (235,986) (157,024) 277,414 271,696 (653,791) (140,892) (590) 8,327 9,186 (168,329) (42,193) (814,383) (173,899) 55

(83,526) (65,459) (1,132,018) (1,261,552) (48,922) (4,452) (61,845) (93,634) 695 454 3,912 73,674 17,834 1,948 (85,405) (117,587) 320,019 (320,019) (369,944) 378,902 8,000 (1,360,984) (1,477,941) 957,462 230,220 264,191 248,372 2,700 392,000 1,304,412 958,973 (285,869) (454,959) 97,387 2,721,488 993,401 546,121 (658,439) (15,584) 294 411,478 1,069,623 32 942,015 411,478 2015/16 56

1. Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda2630 3001 3005 (i)(ii) (iii) (iv)ncm(v) 2. 19 622 57

2. 1 9 3 15 3 16 4 11 1 15 15 3 1 1 7 2 12 2 1638 1 1641 1 10 5 28 10 1 1228 1 2 3 4 5 2015/16 58

3. 4 5 237,246,000 760,752,000 59

3. (1) 36Mei Li New Energy LimitedMei Li (2) (3) (4) (5) Union Ever Holdings Limited 2015/16 60

4. (a) 4(m) (n) (o) 4(i) 61

4. (b) 4(i) 4(d) 2015/16 62

4. (c) (i) (ii) (ii)(i) 4(i) (d) 63

4. (d) 4(i) 4(i) (e) (f) 4(i) 2015/16 64

4. (f) 50 20% 33.3% 10% 33.3% 10% 25% 10% 33.3% 65

4. (g) 4(i) 10 25 5 7 3 (h) 2015/16 66

4. (i) (i) 4(i)(ii) 4(i)(ii) 67

4. (i) (ii) 2015/16 68

4. (i) (iii) 34 4(i)(i) (i)(ii) (j) (k) 4(t)(ii) 69

4. (l) 4(i) 4(i) (m) 2015/16 70

4. (n) (o) (p) (q) (i) (ii) (iii) 71

4. (r) 2015/16 72

4. (r) (s) (i) 4(s)(ii) 4(s)(ii) (ii) 73

4. (t) (i) (ii) (iii) (iv) (v) 2015/16 74

4. (u) (v) (w) (x) 75

4. (y) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) (z) 2015/16 76

5. (a) 3 (b) 1,319,800,000871,647,000 18 (c) (d) 77

5. (e) (f) (g) (h) (i) (j) 2015/16 78

6. (a) 152,397 145,758 275,695 165,311 212,559 128,871 320,019 942,015 411,478 1,582,666 1,171,437 23,884 93,634 29,074 48,249 40,147 10,569 34,141 53,862 103,362 112,680 1,982,955 880,203 410,954 139,189 535,081 471,418 760,752 760,752 476,611 1,156,011 4,166,353 3,407,573 79

6. (b) (i) 78.01%86.53% 54.27%93.38% 29 30 (ii) 237,246,000 621,644,000760,752,000760,752,000 36 2015/16 80

6. (b) (ii) 3 1,218,077 219,928 762,409 2,200,414 1,982,955 410,954 410,954 410,954 535,081 535,081 535,081 760,752 760,752 760,752 1,140 563,826 564,966 476,611 2,926,004 783,754 762,409 4,472,167 4,166,353 956,144 956,144 880,203 139,189 139,189 139,189 471,418 471,418 471,418 760,752 760,752 760,752 32,000 32,000 1,609,523 1,673,523 1,156,011 2,359,503 32,000 1,609,523 4,001,026 3,407,573 36 81

6. (b) (iii) 6.00% 467 6.00% 498 6.00% 28.50% 198,406 28.50% 61,677 0.001% 0.42% 658,720 0.001% 0.46% 116,544 0.08% 1.70% 329,981 0.13% 3.08% 410,440 0.05% 320,019 4.75% 6.18% (952,808) 6.69% (63,125) 5.00% 6.75% (303,025) 7.80% (127,512) 2.23% 20.61% (727,122) 21.42% 21.75% (689,566) 13.07% 14.31% (476,611) 13.07% 14.31% (1,156,011) 100 2,936,0003,739,000 100 2015/16 82

6. (b) (iv) 10,327 13,481 10,651 6,681 16,440 5,566 38,299 39,880 23,884 93,634 (32,550) (7,204) (5,021) 99,601 (39,754) 159,242 (5,021) 83

6. (b) (v) 25 10% 10% 10% (3,092) 10% (10%) 3,092 (10%) 38 2015/16 84

6. (b) (v) 10% 10% (4,401) 10% (14,967) (10%) 17,311 (10%) 14,196 (c) (i) (a) 13 85

6. (c) (i) (a) 38 30,922 30,922 9,225 9,225 29,074 29,074 34,141 34,141 30,922 9,225 63,215 103,362 2015/16 86

6. (c) (i) (a) 10,569 10,569 29,311 29,311 18,938 18,938 53,862 53,862 10,569 102,111 112,680 (b) (c) 5% 1,454,0002,412,000 87

6. (c) (i) (c) 10% 5,702,00014,159,000 7,783,000 15,966,000 29,311 29,087 (237) 224 29,074 29,311 (237) 224 18,938 18,743 (17,834) (1,104) 195 18,938 2015/16 88

6. (c) (i) (c) 53,862 71,480 (25,890) (7,531) 6,169 (10,087) 34,141 53,862 6,169 (10,087) (ii) 89

7. NCM 285,777 297,828 1,611 3,061 9,784 668 1,183 NCM 46,292 19,252 1,533 363,384 303,605 8. (a) (b) (c) (d) NCM (e) (i) (ii) 2015/16 90

8. (iii) (iv) 285,777 11,395 668 46,292 19,252 363,384 306,962 31,594 338,556 592,739 11,395 668 46,292 50,846 701,940 (110,039) (225,825) (3,411) (30,402) (24,538) (394,215) 1,158 2,493 75 23 19,252 23,001 (134,610) (96,917) (1,479) (14,253) (247,259) (11,562) (318) (2,240) (14,120) (12,684) 1,913 (10,771) 239,264 103,672 342,936 (547) (547) 3,186 3,186 (13,652) (2,583) (16,235) (37) (28,708) (28,745) 82,948 82,948 18,761 18,761 200,955 1,303,968 527 831,672 59 2,337,181 1,434,452 4,836,191 5,474 936,726 826,940 8,039,783 (1,329,736) (1,805,185) (1,176) (196,637) (48,232) (3,380,966) 91

8. 297,828 3,061 1,183 1,533 303,605 5,952 2,676 8,628 303,780 3,061 1,183 4,209 312,233 (142,556) (245,067) (3,632) (2,995) (394,250) 2,254 2,200 60 1,533 6,047 (133,914) (108,164) (1,502) (21) (243,601) (12,316) (11,041) (23,357) (403) (403) (1,491) (1,491) 107,866 107,866 60,962 1,441,861 10 537,491 2,040,324 1,501,810 3,018,066 4,487 1,192,540 5,716,903 (1,336,911) (468,203) (1,336) (17,328) (1,823,778) 2015/16 92

8. 701,940 312,233 (338,556) (8,628) 363,384 303,605 (394,215) (394,250) 5,002 5,818 (1,403) (1,288) (290,681) (102,333) (69,750) (137,620) (74,621) (888,667) (566,674) 8,039,783 5,716,903 23,884 93,634 34,141 53,862 502,024 147,632 89,169 12,424 8,689,001 6,024,455 (3,380,966) (1,823,778) (694,572) (689,566) (476,611) (1,156,011) (45,043) (40,895) (4,597,192) (3,710,250) 93

8. (a) 42,085 51,894 278,312 221,920 8,115 8,169 4,439 4,407 18,896 2,718 11,537 14,497 363,384 303,605 (b) 5,337,564 3,784,826 239,264 433,840 432,520 6,010,668 4,217,346 10% A 137,015 * B 75,358 * C * 169,194 * 10% 2015/16 94

9. 4,513 9,273 (a) 15,151 916 7,374 4,237 1,096 595 1,009 1,154 2,422 5,208 27,332 25,616 (b) 7,300 (226) (19,344) (37) (69,750) 29(d) (16,235) 30(b) (34,558) (1,491) (4,755) (1,336) (c) 82,948 (d) 18,761 (35,859) (2,864) (a) (b) (c) (d) Smith Electric Vehicles Corp.Smith Smith 2,000,000Smith2,000,000 52%Smith48% 18,761,000 95

10. 145,634 66,558 179,360 49,045 324,994 115,603 (14,024) 310,970 115,603 (6,169) 10,087 304,801 125,690 6.18% 11. (23,765) (10,806) (a) 2,500 2,580 930 410 216,579 232,631 1,114 3,758 13,630 3,542 4,755 1,336 171,010 181,511 69,158 55,524 8,494 7,854 8,394 (7,374) 709 (595) (b) 87,381 74,643 16,853 14,123 278,640 158,714 11,257 13,860 25,682 17,417 (a) 2,080,000300,000 1,986,000 (b) 87,381,00074,643,000 2015/16 96

12. 5%1,5001,250 13% 20% 25,682,000 17,417,000 13. 590 367 957 39 (1,822) (57,932) (865) (57,932) 25%15% 1,822,000 57,932,000 97

13. (888,667) (566,674) (165,283) (121,659) 53,302 41,327 (56,164) (1,207) 31,706 (219) 149,817 28,432 (18,236) (4,606) 3,626 367 (865) (57,932) 14. 2015/16 98

15. (a) (i)228,154,000409,759,000 (ii)18,889,285,00017,333,781,000 17,866,170 16,976,891 41(b) 520,779 14,369 41(a) 404,372 41(a) 95,628 41(c) 2,336 41(d) 342,521 18,889,285 17,333,781 (b) 99

16. (a) 383(1)2 (i) 3,174 4,600 469 30 8,273 (ii) 1,899 3,540 352 30 5,821 (iii) 1,434 3,419 563 87 5,503 1,899 2,980 399 30 5,308 3,242 329 3,571 (iv) 240 240 440 328 768 440 328 768 440 328 768 13,208 14,539 3,096 177 31,020 2015/16 100

16. (a) (i) 12 2,497 432 18 2,959 (ii) 2,316 417 18 2,751 (iii) 1,985 518 65 2,568 1,944 460 18 2,422 341 183 365 14 903 (v) 152 2 154 320 316 636 320 365 685 320 365 685 320 365 685 1,633 9,077 3,603 135 14,448 (i) (ii) (iii) (iv) (v) 101

16. (a) 11,648 353 240 320 1,320 960 13,208 1,633 14,539 9,077 3,096 3,603 177 135 17,812 12,815 31,020 14,448 43 (b) 16(a) 1,040 345 1,385 2015/16 102

16. (b) 1,000,0011,500,000 1 17. (a) PREMIER PROPERTY MANAGEMENT LIMITED Kingspark Group LimitedKingsparkSKC Co., Ltd.SKC KoreaSK China Company LimitedSK ChinaSKC Korea SK ChinaPPM PPMPPMKingspark PPMPremier Property Management LimitedPPM PPM100%372,000,000269,230,770 PPMPPM PPM NCM 2,400PPM 103

17. (a) PREMIER PROPERTY MANAGEMENT LIMITED PPM PPM 19 106,983 20 220,023 20 19,411 35,419 17(a)(i) 20,543 17(a)(i) 29,316 6,739 2,056 (52,494) (113,037) (8,319) 39 (24,277) 242,363 17(a)(ii) 18 485,021 727,384 372,000 17(a)(iii) 355,384 727,384 (i) 49,859,000 65,124,000 15,265,000 (ii) PPM PPM PPM (iii) 0.20269,230,770355,384,000 1.32 PPM1,490,000 2015/16 104

17. (a) PREMIER PROPERTY MANAGEMENT LIMITED PPM (372,000) 2,056 (369,944) PPM (1,490) PPM PPMPPM46,292,000 29,615,000 PPM 401,379,000930,684,000 (b)(i) 378 89.54% Agnita 58.50% Agnita Agnita41.50% AgnitaAgnita Agnita41.50% Agnita Agnita Agnita Agnita 105

17. (b)(i) 605 Agnita 376,520 Agnita 150,000 105,792 1,104 60,384 81,036 365,368 (14,580) (4,305) 39 (353) 1,121,571 (117,316) 18 427,916 1,432,171 1,432,171 427,916,000 8,866,000 2015/16 106

17. (b)(i) 365,368 (8,866) 356,502 1,496,000 2,995,000 329,943,000531,803,000 (b)(ii) (i) 1.70150,000,000 248,372,000 89.54%73.55% (ii) 35,000,0007.73 264,191,000 73.55% 70.91%(iii)269,230,770PPM 70.91%67.19% 92,148,000 107

17. (c) Preferred Market LimitedPreferred Market Preferred Market 190,000,000 0.50380,000,000 88,000,000 50% Agnita LimitedAgnita58.50% 2015/16 108

17. (c) 19 65,217 14,820 4,769 15,890 13,534 (910) (809) 39 (16,304) 96,207 (48,103) 18 93,591 141,695 141,695 0.48 380,000,000182,400,000 40,705,000 93,591,000 550,000 109

17. (c) 13,534 (550) 12,984 104,026,000 307,415,000509,311,000 (d) Preferred MarketCIAM Investment (BVI) Limited CBVIAgnitaPreferred Market CBVIAgnitaCBVIPreferred MarketAgnita 41.50%CBVIAgnita150,000,000 Preferred Market CBVIAgnita 8.50% 520,000,000 Agnita150,000,000370,000,000 8%AgnitaAgnita 17(b)(i) Agnita58.50%95.66% Agnita Agnita 95.66%100% Agnita Agnita Agnita 153,099 Agnita (376,520) (223,421) 2015/16 110

18. 904,240 1,011,445 1,915,685 17(b)(i) (c) 93,591 427,916 521,507 1,204 148 1,352 904,240 1,012,649 93,739 427,916 2,438,544 17(a) 485,021 485,021 (50,053) (4,633) (14,936) (69,622) 904,240 962,596 89,106 427,916 470,085 2,853,943 904,240 661,869 1,566,109 788 788 904,240 662,657 1,566,897 (32,754) (32,754) 904,240 629,903 1,534,143 332,693 89,106 427,916 470,085 1,319,800 349,992 93,739 427,916 871,647 111

18. 23.31% 22.41% 24.72% 18.45% 3.00% 3.00% 3.00% 3.00% 20.01% 16.77% 3%3% 2015/16 112

18. 19.52% 3% 113

19. 3,642,090 29,435 391,381 4,062,906 17(c) 27,906 37,311 65,217 65,459 65,459 2 79 707 60 848 3,642,092 57,420 457,547 37,371 4,194,430 17(a) 106,983 106,983 16 83,510 83,526 (c) (96,155) (96,155) (100) (2,838) (21,636) (1,847) (26,421) 3,642,008 54,582 530,249 35,524 4,262,363 3,073,866 6,477 3,080,343 92,231 2,014 76,068 11,198 181,511 1 4 104 20 129 3,166,098 2,018 82,649 11,218 3,261,983 92,509 2,055 64,331 12,115 171,010 (c) (19,116) (19,116) (23) (147) (4,596) (828) (5,594) 3,258,584 3,926 123,268 22,505 3,408,283 383,424 50,656 406,981 13,019 854,080 475,994 55,402 374,898 26,153 932,447 2015/16 114

19. (a) (1) (2) (3) (4) 17(c)40% (b) 19.52% 24.72%18.45% 24.70% (c) 9(c) 115

20. 106,903 166,178 8,340 255,511 33,603 12,966 4,718 11,365 599,584 376,481 976,065 1,883 12,074 1,244 224 15,425 15,425 2,089 10,534 30,370 26,180 6,963 1,312,642 1,388,778 4,452 1,393,230 142 208 29 372 84 17 6 2,289 3,147 223 3,370 8,326 (8,326) (2,621) (661) (1,357) (4,639) (4,639) 115,371 168,475 20,786 295,706 60,450 18,813 4,724 1,317,970 2,002,295 381,156 2,383,451 17(a) 115,559 100,539 3,925 220,023 19,411 239,434 1,200 3,670 34,355 25,308 5,751 878,631 948,915 948,915 (5,702) (12,335) (1,006) (20,043) (3,638) (779) (257) (79,815) (123,575) (19,165) (142,740) 90,115 1,075 133,349 5,235 (229,774) (2,729) (2,099) (1,039) (5,867) (5,867) 109,669 363,014 24,525 541,177 89,181 22,746 4,467 1,887,012 3,041,791 381,402 3,423,193 4,090 12,199 1,475 63,278 7,670 7,755 1,590 98,057 3,650 101,707 4,380 9,579 2,070 28,034 7,182 2,917 1,362 55,524 7,854 63,378 12 94 5 123 23 7 4 268 30 298 (109) (61) (1,152) (1,322) (1,322) 8,482 21,872 3,550 91,326 14,814 9,527 2,956 152,527 11,534 164,061 4,854 9,953 3,141 34,326 12,758 2,835 1,291 69,158 8,494 77,652 (529) (1,307) (196) (5,244) (1,009) (342) (176) (8,803) (763) (9,566) (2,033) (1,672) (999) (4,704) (4,704) 12,807 30,518 6,495 118,375 24,891 11,021 4,071 208,178 19,265 227,443 96,862 332,496 18,030 422,802 64,290 11,725 396 1,887,012 2,833,613 362,137 3,195,750 106,889 146,603 17,236 204,380 45,636 9,286 1,768 1,317,970 1,849,768 369,622 2,219,390 (a) (b) 2,176,923,000315,210,000 33(a) 2015/16 116

21. Agnita Limited 10,000 100% Basland Enterprises Ltd. 100 100% # 1,027,129,371 67.19% 100 100% 10,000 100% Lucky Metro Trading Ltd. 100 100% Preferred Market Limited 1 100% 1 100% 1 91.80% 1 100% 1 91.80% Synergy Dragon Limited 100 91.80% 3 1,000,000 100% Union Grace Holdings Limited 1 1 1,000 100% 350,000,000* 91.80% 818,000,000 91.80% 117

21. 1 1 2 2 2 177,000,000* 91.80% 10,000,000* 91.80% 10,000,000 * 91.80% 10,000,000 * 91.80% 80,000,000 * 80% 4 2 1,000,000,000 49.94% 5 2 267,000,000 43.68% 6 2 2 69,735,000 * 50% 7 43,200,000 67.19% * # 2015/16 118

21. 1 2 3 Synergy Dragon LimitedSDLUnion Grace Holdings Limited75%Cherrylink Investments Limited25%67.19% SDL91.80% 4 Agnita80%80% 5 Agnita49% 1.17%Agnita4 49.94% 6 34% 33%43.68% 7 50% 20% 50.06% 50% 32.81% 140,257 1,127,254 203,870 647,377 495,252 2,612,569 128,974 2,020,892 (128,493) (1,453,523) (408,433) (208,729) (139,131) (1,689,093) (9,476) (685,924) 367,885 597,207 (85,065) 1,773,616 73,577 116,387 (42,532) 581,923 57,603 31,061 14,188 97,138 (94,791) (229,904) (79,702) (1,808,689) (18,958) (115,099) (39,851) (485,665) (114,560) (300,900) (77,525) (1,833,119) 294,143 (257,369) (18,924) (195,725) (210,897) (969,068) (30,986) (422,120) (97,618) 1,531,273 51,559 259,531 119

21. 20% 50.06% 50% 10.46% 368,317 263,720 46,640 616,134 494,374 1,622,526 132,994 527,685 (295,810) (671,922) (173,857) (16,975) (84,441) (534,007) (13,316) (353) 482,440 680,317 (7,539) 1,126,491 96,488 32,510 (3,770) 117,831 97,584 4,172 (52,729) (2,101) (103,719) 1,092 (10,550) (1,115) (51,860) 114 (53,789) 834 (103,747) 4,921 (268,168) (1,709,709) (53,990) (19,340) 297,570 318,972 (50,357) 151,946 (72,259) 1,406,988 91,372 22. 3,186 10,000,000 36.72% 40% 20,000,000 27.54% 30% 2015/16 120

22. 3,186 (547) (547) 23. 342,936 107,866 Orng EV Solutions, Inc. ORNG 3,875 38,750,000 0.0001 53.55% 53.55%* 186,730,000 30.24% 45% 121

23. SmithSmith 2,000,00015,500,000 Smith10,000,000 ORNGSmith 500,0003,875,00010,000,000 ORNG Smith Smith1,500,00011,625,000 1,250,000 ORNGORNG2,500,000 19,375,00010,000,000 ORNG ORNG 80% Smith20%ORNG ORNG 342,936 107,866 (10,771) (403) (5,411) 2,477 (16,182) 2,074 24. 23,884 93,634 69,750,000 2015/16 122

25. (i) 29,311 (ii) 18,938 48,249 (i) 29,074 30,922 9,225 10,569 69,221 10,569 (i) (ii) 18,938,000 4(b) 15,000,00017,834,000 237,000 26. 285,966,00076,265,000 27. 8,583 8,627 367 1,104 8,950 9,731 123

28. 250,318 44,644 81,268 22,476 281,763 125,595 613,349 192,715 29. 160,895 131,207 7,422 14,551 (d) (15,920) (a) (b) 152,397 145,758 (c) 1,179 2,427 153,576 148,185 (a) 1,665 7,523 29,032 49,843 69,041 57,339 52,659 31,053 152,397 145,758 3090 2015/16 124

29. (b) 49,993 16,661 29,829 329 8,810 85,881 12,921 21,359 50,844 21,528 102,404 129,097 152,397 145,758 (c) 9,942,000 9,476,0008,763,0007,049,000 (d) 9 16,235 (3) (312) 15,920 28,682,000 15,920,000 125

30. (a) 198,873 66,050 141,750 129,537 (b) (64,928) (30,276) 275,695 165,311 37,467 33,556 316,426 200,660 629,588 399,527 434 467 629,154 399,060 629,588 399,527 (a) 6.00% 28.50%6.00% 28.50% 58,680,00061,677,000 56,000,000 67,206,000 2015/16 126

30. (b) 30,276 28,785 9 34,558 1,491 (37) 131 64,928 30,276 28,785,00028,785,00045 91,333,00081,391,00030(a) 20,640,0001,491,000 22,262,0001,491,000 24,296,0003,875,000Smith 9(d) 13,881,00013,881,000 434,000467,000 31. 190,837,000126,125,00021,002,000 720,0002,746,000 127

32. 609,994 127,163 332,021 284,315 942,015 411,478 33(b) 320,019 942,015 731,497 544,490,00093,259,000 33. 1,102,153 880,203 169,814 710,988 1,982,955 880,203 1,102,153 880,203 880,802 1,982,955 880,203 2015/16 128

33. (a) 1,255,833 190,637 (b) 694,572 689,566 32,550 1,982,955 880,203 (a) 20(b) 21,002,00031 (b) 51.41%53.68% 320,019,00032 34. 331,735 111,459 79,219 27,730 410,954 139,189 129

34. 132,565 37,659 107,656 39,474 162,825 60,249 7,908 1,807 410,954 139,189 79,219,000 27,730,00060,981,00027,730,000 35. 343,323 339,285 191,758 132,133 12,499 52,685 20,320 3,887 1,420 604,152 493,158 129,856,00098,395,000 1,420 2,467 3,887 2015/16 130

36. Mei Li Mei Li760,752,000 45 Mei Li 37. 38. (a) 373,666 (29,731) 351,240 (19,383) (b) 102,945 (4,410) 804,771 (34,479) 476,611 (34,141) 1,156,011 (53,862) 131

38. (a) 400,000,000 8% 0.60 (a) 100% (b) 1.20 14.31% 14.31% 0.43 0.47 0.55 0.60 0.60 0.60 1.04 2.04 3 57.77% 46.65% 52.15% 0.26% 0.43% 0.72% 0% 0% 0% 23.01% 14.79% 14.66% 2015/16 132

38. (a) 338,747 87,755 (26,502) 400,000 (6,320) (1,680) (8,000) 49,673 49,673 (30,860) (30,860) 7,119 7,119 351,240 86,075 (19,383) 417,932 54,428 54,428 (32,002) (32,002) (10,348) (10,348) 373,666 86,075 (29,731) 430,010 (b) 17(b)(i) 1,432,171,000 0.50 1,000,0001,000,000 1.00 133

38. (b) 13.07% 13.64%13.07% 13.64% 0.430 0.470 0.445 0.490 0.50 0.50 0.50 1.83 2.83 2.93 2.99 50.63% 44.66% 44.04% 44.36% 0.48% 0.59% 0.58% 0.62% 0% 0% 0% 23.23% 14.95% 13.90% 14.51% 961,330 515,819 (44,978) 1,432,171 16,885 16,885 (173,444) (90,715) 7,531 (256,628) 2,968 2,968 804,771 425,104 (34,479) 1,195,396 91,206 91,206 (793,032) (377,580) 25,890 (1,144,722) 4,179 4,179 102,945 47,524 (4,410) 146,059 1,045,705,000 254,640,0000.50 2,091,410,000509,279,000 41(b) 2015/16 134

39. 22,909 233,953 256,862 13 (476) (57,456) (57,932) 17(b)(i) (c) 16,304 353 16,657 (49) (420) (469) 22,384 192,381 353 215,118 13 (473) (1,046) (303) (1,822) 17(a) 712 23,565 24,277 (1,175) (9,999) (11,174) 21,448 204,901 50 226,399 1,429,766,0001,123,465,000 159,491,000 580,078,000329,378,000 40. 73,674 (1,668) 72,006 135

41. 0.01 50,000,000 500,000 50,000,000 500,000 17,866,170 178,662 16,976,891 169,769 0.01 (a) 2,000,000 20,000 (b) 2,091,410 20,914 509,279 5,093 (c) 6,000 60 (d) 380,000 3,800 0.01 21,963,580 219,636 17,866,170 178,662 (a) 2,000,000,000 0.50 1,000,000,0000.01 0.465 1,000,000,0000.01 (b) 1,045,705,000254,640,000 0.502,091,410,000509,279,000 0.01 38(b) (c) 6,000,0002,700,000 60,0002,640,000270,000 (d) 0.50380,000,0000.01 0.48 2015/16 136

42. 6,174,125 15,506 1,868 21,839 (4,665,870) 1,547,468 178,600 178,600 601,894 601,894 251,536 (90,715) 160,821 (15,076) 15,076 13,860 13,860 (623,566) (623,566) 6,604,261 15,506 1,868 511,179 20,623 (5,274,360) 1,879,077 2,910 (270) 2,640 42(a) (6,824,625) 6,824,625 42(a) (5,420,546) 5,420,546 937,462 937,462 1,123,808 (377,580) 746,228 (58) 58 11,257 11,257 1,567,628 1,567,628 1,843,816 1,419,585 1,868 133,599 31,552 1,713,872 5,144,292 137

42. (a) 6,824,625,0005,420,546,000 (b) (c) (d) 42(a) 5,420,546,000 (e) (f) 4(m) (g) (h) (i)(ii) (i) 1,713,872,000 2015/16 138

43. (i) (ii) (iii) (a) (b) (c) (d) (e) (f) (g) (h) 30% 139

43. 10% 238,200,0001.08% (a) (b) 0.1% 5,000,000 1% 10 211 (i) (ii) (iii) 2015/16 140

43. 10,000,000 10,000,000 2 12,000,000 12,000,000 2 3,000,000 3,000,000 2 12,000,000 12,000,000 2 14,600,000 14,600,000 3 16,200,000 16,200,000 3 8,000,000 8,000,000 2 4,000,000 4,000,000 2 12,000,000 12,000,000 2 4,000,000 4,000,000 2 0.630 0.450 0.630 0.630 0.230 0.061 0.450 0.630 0.450 0.630 141

43. 900,000 900,000 4 0.061 8,000,000 8,000,000 2 0.450 4,000,000 4,000,000 2 0.630 900,000 900,000 4 0.061 8,000,000 8,000,000 2 0.450 4,000,000 4,000,000 2 0.630 900,000 900,000 4 0.061 8,000,000 8,000,000 2 0.450 4,000,000 4,000,000 2 0.630 2015/16 142

43. 6,000,000 (6,000,000) 5 2 0.450 4,000,000 (4,000,000) 5 2 0.630 189,100,000 (6,000,000) 6 (10,800,000) 6 172,300,000 2 0.450 0.518 122,800,000 (13,000,000) 6 109,800,000 2 0.630 7,200,000 7,200,000 3 0.230 10,000,000 6,000,000 5 16,000,000 2 0.450 8,000,000 4,000,000 5 12,000,000 2 0.630 481,600,000 (6,000,000) (23,800,000) 451,800,000 0.492 0.450 0.548 0.490 21,800,000 18,900,000 122,150,000 0.230 0.061 0.450 143

43. 8 10,000,000 10,000,000 2 10,000,000 (10,000,000) 9 12,000,000 12,000,000 2 3,000,000 3,000,000 2 0.630 0.810 0.450 0.630 12,000,000 10 12,000,000 2 14,600,000 14,600,000 3 16,200,000 16,200,000 3 20,000,000 (20,000,000) 9 8,000,000 8,000,000 2 4,000,000 4,000,000 2 0.630 0.230 0.061 0.810 0.450 0.630 2015/16 144

43. 8 20,000,000 (20,000,000) 9 0.810 12,000,000 12,000,000 2 0.450 4,000,000 4,000,000 2 0.630 6,000,000 6,000,000 2 0.450 4,000,000 4,000,000 2 0.630 900,000 900,000 4 0.061 10,000,000 (10,000,000) 9 0.810 8,000,000 8,000,000 2 0.450 4,000,000 4,000,000 2 0.630 145

43. 8 900,000 900,000 4 10,000,000 (10,000,000) 9 8,000,000 8,000,000 2 4,000,000 4,000,000 2 900,000 900,000 4 10,000,000 (10,000,000) 9 8,000,000 8,000,000 2 4,000,000 4,000,000 2 20,000,000 (20,000,000) 9 8,000,000 (8,000,000) 11 2 0.061 0.810 0.450 0.630 0.061 0.810 0.450 0.630 0.810 0.450 2015/16 146

43. 8 50,300,000 (50,300,000) 9 0.810 13,400,000 (13,400,000) 12 0.810 193,300,000 (12,200,000) 13 8,000,000 11 189,100,000 2 0.450 138,200,000 (3,400,000) 13 (12,000,000) 10 122,800,000 2 0.630 7,200,000 7,200,000 3 0.230 101,000,000 (101,000,000) 9 0.810 10,000,000 10,000,000 2 0.450 8,000,000 8,000,000 2 0.630 578,700,000 183,200,000 (280,300,000) 481,600,000 0.594 0.630 0.792 0.492 21,800,000 0.230 18,900,000 0.061 147

43. 1. 2. 2460 3. 50% 25% 25% 121824 4. 18 24 5. 10,000,000 6. 6,000,0002,400,00021,400,000 7. 8. 183,200,000 95 0.520 9. 12 10. 12,000,000 11. 8,000,000 12. 24 13. 15,600,000 2015/16 148

43. 14. 0.098 0.223 0.480 0.480 0.630 0.630 53.58% 62.26% 10 10 0.37% 1.42% 0% 0% 15. 11,257,00013,860,000 7.28.2 162,850,00040,700,0000.375 0.152 44. (a) 14,014 12,854 6,325 14,133 20,339 26,987 149

44. (b) 1,170,257 2,103,739 58,125 8,281 1,236,663 2,103,739 45. 36 36 Mei Li 2015/16 150

45. Mei Li 46. (a) 1,269 (b) 16(a)16(b) 27,747 11,750 177 135 3,096 3,948 31,020 15,833 (c) 868 6 151

46. (d) 8,913 (2,713) 312 (135) (53) 6,324 8% 47. (a) (i) FDG Kinetic Investment LimitedFKIL 5227 FKIL 3546,000,000 1,610,000,000 (ii) FDG Investment Holdings LimitedFIHL FIHL 28,000,000Aleees Eco Ark (Cayman) Co., Ltd. 2015/16 152

47. (a) (iii) FIHL FIHLFIHL 72,000,000 138,000,000 (iv) FIHL FIHL (v) FIHL FIHL2,000,000 (vi) (i)430,000,000 0.5(ii)275,000,000 488,500,000 (vii) M 153

47. (b) 1,100,000,000 539,000,00049% 561,000,00051% (c) SmithORNG SmithORNGSmithSmith ORNG Smith Smith Smith Smith Smith 48. 2015/16 154

48. 1,982,955 880,203 760,752 760,752 2,743,707 1,640,955 (942,015) (411,478) (320,019) 1,801,692 909,458 3,362,527 2,071,146 476,611 1,156,011 3,839,138 3,227,157 47% 28% 36 27%5% 49. 8 155

50. 6,924,957 4,228,336 23,884 93,634 6,948,841 4,321,970 452,815 582,717 9,368 5,326 34,141 53,862 261,210 112,359 757,534 754,264 (694,572) (689,566) (40,459) (42,166) (53) (760,752) (760,752) (1,495,836) (1,492,484) (738,302) (738,220) 6,210,539 3,583,750 (476,611) (1,156,011) (370,000) (370,000) (846,611) (1,526,011) 5,363,928 2,057,739 41 219,636 178,662 42 5,144,292 1,879,077 5,363,928 2,057,739 51. 2015/16 156