INTERNATIONAL ELITE LTD. 228,000,000 1.36 1% 0.004% 0.005% 0.01 8313 32342C
(www.hkgem.com) i
www.hkgem.com www.iel.hk........................................................................................................................................ ii
....................................................................... 1....................................................................... 14............................................................... 24................................................................... 25..................................................... 25....................................................... 37....................................................... 37....................................................... 39........................................ 41................................................................. 42.................................................... 43................................................ 44....................................................... 48................................................................... 51......................................................... 53............................................................... 53....................................................... 66.............................................. 69....................................................................... 83................................................................... 83............................................................... 84............................................................... 86................................................................... 87............................................................. 91................................................................. 92............................................................... 93........................................................... 94................................................................... 95................................................................. 99......................................................... 100............................................................... 101............................................................. 103................................................................... 105............................................................... 105................................................................... 106 UEMO.................................................................. 106................................................................... 107............................................... 109................................................................ 114 iii
............................................................. 124..................................................... 132.................................. 140....................................................................... 143................................................................... 145................................................................. 174................................................................. 175........................................................................ 177............................................................. 182......................................................... I-1............................................................ II-1............................................... III-1............................................................ IV-1................................ V-1..................................................... VI-1...................................... VII-1 iv
CRMCRM CRM CRM BIS BIS SMS CRM 83,430,000149,860,00074,920,000 % % %........... 59.98 71.89 103.31 68.94 42.63 56.90........... 23.45 28.11 46.55 31.06 32.29 43.10............... 83.43 100 149.86 100 74.92 100 1
CRM 4,100 CRM CRM 2004 2005 2005 20062006 2007 200 CRM CRM 4,100CRM CRM CRM 2
CRM CRM CRM CRM CRM CRM CRM CRM 3
CRM CRM CRM CRM CRM 4,100 (i) CRM (ii) CRM 10,000 CRM CRM CRM CRM CRM 4
CRM CRM CRM CRM Times Telecom CRM CRM CRM BIS 100 5
CRM EE EE E E CRM CRM CRM CRM CRM CRM 6
.................................. 83,434 149,864 57,307 74,923................................ (65,668) (97,664) (39,511) (43,606).................................... 17,766 52,200 17,796 31,317................................ 99 284 148 159................................ (16,121) (22,106) (9,076) (12,516)................... 1,744 30,378 8,868 18,960.................................... 6,290 (2,140)............... 1,744 36,668 8,868 16,820...... 0.10 2.04 0.49 0.94 (1)........................................... 54,800,000 4,200,000 (1)................................ 59,000,000 (a) (2)........................................... (b) (3)........................................... 4,200,000 (a) (4)........................................... (b) (5........................................... 7.7 5.6 8.3 6.1 7
........................................................... 1,240,300,000 4,200,000....................................... 22.3........................................................ 24.3.............................. 0.40 8
Ever Prosper 35,600,100 100% 684,000,000 75% 0.052 356,001 12 35,600,100 100% 684,000,000 75% 12................ 35,600,100 100% 684,000,000 75% 12.................. 1,246,003 3.5% 23,940,000 2.625% 12......................... 228,000,000 25% 60,000,000 9
60,000,000 6.58% CRM CRM CRM 25,000,000285,000,000 75.5%215,000,000(i) CRM (ii) CRM CRM 10.8%30,800,000 4.0%11,500,000 CRM 9.7%27,700,000 10% CRM 10
CRM (1)(2)(3) (4)(5) UEMO 11
12
13
2006 2007 Research Report on China Call Centre Service Development Trend 14
CRM 50%50% 15
22 32 Ever Prosper CRM CRM CSRC Directel HK 50%50%Directel HK 50%50% Directel HKSunward Cayman Sunward HK Ever Prosper Ever Prosper International Limited 50% 46.5%3.5% 16
SIM 57.75%42.25% 1) 2) 57.75%42.25% 90%1) 232) CRM 90% 10% 10% 90%10% 17
1) 23 2) 50% 23 http://www.hkgem.com Honest Gain Honest Gain Investments Limited 18
Ever Prosper 19
34,200,000 15% PacificNet Inc. 20
PCCW Mobile HK Limited SUNDAY 1.36 228,000,000 133 3,100 13.15(4) 571 0.01 21
Ever Prosper Ever Prosper 34,200,000 2 SUNDAY SUNDAY) Sunward Cayman Sunward Telecom Limited 50%Sunward Cayman Sunward HK Sunward Telecom Limited 50%Sunward HK Times Telecom Times Telecom Inc. UEMO 593 22
% 23
2G 3G ACD Agent Navigation System BIS EXCEL IDD IVRS SIM SIM SMS 24
CRM 83,430,000149,860,000 74,920,0001,740,00036,670,00016,820,000 95.20% 99.33%95.36% 54.26% 69.81%71.12% 25
(i) (ii) CRM 26
96.14% 99.60%95.35% CRM CRM 96.14% 99.60%95.35% CRM 27
28
CRM 486 (1) (2)(3) UEMO UEMO UEMO UEMO SMS UEMO UEMO UEMO 29
UEMO UEMO UEMO UEMO100,000 500,000 25% 15% 30
(1) (2) 31
8,600,000 10,00050,000 10,00050,000 3 24 32
0.2% 40 1,300,000 1)2) 33
CRM 34
CRM CRM 5 2 2,187,128.7016,355,991.869,965,159.66 27,663,100.0016,220,151.61 4,179,061.15 56 0.2% 1) 2) 5 35
75% 36
CRM CRM 37
38
168A168A 39
17.29 60,000,000(i) 6.58% (ii) 6.17% 18,100,000 40
41
CRM 42
(1) (2) A. 1. 2. B. 1. BIS 2. BIS C. 20.3420.35 43
571V 1. 2. 3. 44
(1) (2) (a) 19(5)(b) 49(2) (c) 86(7) 2003/71/EC2.1(e)(i)(ii)(iii) 289 XIII1 4 (a)xiii 1 4 274 275 (b)276 45
44B(1) 11.23(1) 25% 46
2,000 34,200,00015% 3 1 3.6% 47
1 2A 1 2A 1 2A 38 35G 4806 8 6 801 2013007 2713 48
88 26 88 26 181 27 183 222213 2214 29 15 8 13 () 28 25 12 21 88 12 22 Conyers Dill & Pearman Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1 1111 Cayman Islands 49
4019 24 411 417 4B/C/D 8 39 10 8 188 22 50
Bridge Street Services Limited The Marquee Building, Suite 300, 430 West Bay Road, P.O. Box 30 691 SMB Grand Cayman, Cayman Islands, British West Indies 188 3809 3810 1 2A 38 35G Butterfield Fund Services (Cayman) Limited Butterfield House 68 Fort Street P.O. Box 705 Grand Cayman KY1-1107 Cayman Islands 28 26 136 8 18 51
13 DBS Bank (Hong Kong) Ltd 57E C D 73 8 88 26 52
70 www.ceicdata.com www.ccmw.net CRM 53
209,407 109,655 13.8% 22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000 2001 2002 2003 2004 2005 2006 CRM 25,96910,55619.7% 13.8% 54
2800 2400 2000 1600 1200 800 2001 2002 2003 2004 2005 2006 145,200,000461,100,000 500 400 300 200 100 0 2001 2002 2003 2004 2005 2006 15.4% 24,200,000 71,200,00024.1% 55
80 60 40 20 0 2001 2002 2003 2004 2005 2006 14,5924,099 28.9% 1,600 1,200 800 400 0 2001 2002 2003 2004 2005 2006 56
85,000130% 102,00020% 10% 151,4008.2% 164,6008.7% 200 150% 150 100 129.7% 102 85 114 126 139.9 151.4 164.6 120% 90% 60% 50 30% 0 20.0% 11.8% 10.5% 11.0% 8.2% 8.7% 0% 2000 2001 2002 2003 2004 2005 2006 57
71.2 270.1 40% 18%26% 13%(i) (ii) 16.6%270.1 30 25 57.7% 20 43.0% 15 11.2 10 7.12 5 13.79 17.37 20.49 23.16 26.0% 22.8% 18.0% 13.0% 27.01 80% 60% 40% 20% 16.6% 0 0% 2000 2001 2002 2003 2004 2005 2006 164,600 54.4%10.9% 8.4% 7.1% 5.2%3.7% 32.6% 58
(%) (%)................. 86.9 89.5 3.0% 54.4%................. 8.1 8.5 4.9% 5.2%................. 4.6 6.1 32.6% 3.7%................. 0.9 1 11.1% 0.6%............. 2.9 3.3 13.8% 2.0%................. 2.2 2.6 18.2% 1.6%................. 9.9 11.7 18.2% 7.1%................. 16.2 17.9 10.5% 10.9%............. 11.5 13.8 20.0% 8.4%................. 8.2 10.2 24.4% 6.1%................. 151.4 164.6 8.7% 100.0% 270.1 16.6% 41.4% 20.4% 12.2% 5.5%4.9% 4.7% 39.6% 4.9% % %..................... 9,720 11,188 15.1% 41.4%..................... 4,830 5,497 13.8% 20.4%..................... 950 1,326 39.6% 4.9%..................... 103 108 4.9% 0.4%................. 167 191 14.4% 0.7%..................... 675 778 15.3% 2.9%..................... 1,110 1,267 14.1% 4.7%..................... 2,840 3,297 16.1% 12.2%..................... 510 601 17.8% 2.2%................. 1,190 1,488 25.0% 5.5%..................... 1,065 1,269 19.2% 4.7%..................... 23,160 27,010 16.6% 100.0% 59
CRM CRM CRM 1 90% (i) (ii) (CMMI)(CMM) (PCMM)(ISO27001/BS7799)IT(ISO20000) 70 60
189,200 211,600252,80014.9% 11.8%19.5% 20% 337.1924.8% 397.27500.83 17.8%26.1% 61
62
7% 2 6.7% 6.8%5.8% 5.1% 3 4.5%5.5% 4 63
CEPA Hutchison 3G Hong Kong Limited 3G Sunday 3G (Hong KongLimited3G 5......................................... 6,837.8 6,900.7.......................................... 54.8 % 6 92 % 7..................................... 120.2 % 8 136.9 % 9 2.5G3G................................... 1,679.1 10 2,206.6 11 8,900,000 12 64
1,140 50017.9% 110 90 70 50 30 2001 2002 2003 2004 2005 2006................................................................... 513,400................................................................... 176,665............................................................... 636,347 %......................................................... 124% 65
636,347 532,75819.44% 174,400176,7001.3% %................................... 532,758 636,347 19.44%............................ 174,389 176,665 1.31% CRM CRM CRM CRM 66
(1) [2003] 001915 (2) 006069 (3) 72375580-2 (4) 44000002025315 (5) 4401110497 (6) 440111723755802 (7) 440111723755802 (i) (ii)(iii)67 106OFTA 67
CRM OFTA OFTA 188 383813 15 UEMO UEMO UEMO SMS UEMO UEMO UEMO UEMO 14/2001 68
Ever Prosper 0.011100% 50,000.00500,000,0000.0001 Ever Prosper 82,050,0000.0001 Ever Prosper 17,950,0000.0001 Ever Prosper Ever Prosper 100% 17,525,7080.0001 71% Ever Prosper UT UT0.01%UT Ever Prosper Ever Prosper Ever Prosper Ever Prosper 4,000,000,0000.01 40,000,000 Ever Prosper 1,400,100 0.0114,001 Ever Prosper 17,950,0000.0001 0.0001 69
Ever Prosper 34,200,0000.01 Ever Prosper 35,600,1000.01 100% (6) 50,00050,0001.00 1 [2000]175 006069 10%90% CRM 10% 1,900,0001 57.75% 232) 5,000,000 70
15 500,000 5,000,000 CRM CRM 5,000,00012,000,000 5,000,000 12,000,000[2002] 233 7,000,00012,000,000 (i) (ii)12,000,00020,000,000 [2003]35 8,000,000 20,000,000 71
20,000,00035,000,000 [2003]15415,000,000 1,200,000 21,200,000 1,300,000 22,500,000 3,800,000 26,300,000 3,583,568.08 29,883,568.08 5,116,431.92 35,000,000 35,000,00045,000,000 [2005]039 10,000,000 45,000,000 45,000,00064,000,000 [2005]152 72
19,000,000 64,000,000 64,000,00094,000,000 [2006]37 30,000,000 94,000,000 (a) (b) 1.00 100% 73
25,000 100,000 50,00050,0001.00 PacificNet Strategic Investment Holdings Limited PacificNet Inc.PacificNet Inc. PacificNet Inc. PacificNet Strategic Investment Holdings Limited PacificNet Strategic Investment Holdings Limited 50,10050 100% PacificNet Inc. PacificNet Inc. 1,150,000 PacificNet Inc. 18.66%600,000 PacificNet Inc. 1,150,000 PacificNet Inc. 9.97% 50.1% 22.5% 22.5% 1.7% 1.7%1.5% 74
49,900 Honest Gain50.1% Honest Gain 49.9% Honest Gain 45%45%3.5%3.5%3% Honest Gain Honest Gain Honest Gain 49,900 49.9% 100% 19 CRM CRM CRM 2,650 CRM BIS 75
ISO9001 CRM 250 CRM CRM BIS 2004 2005 BIS 76
2005 2006 1,200 CRM CRM 2,9004,100 2006 2007 CRM CRM 4,100 CRM CRM 24 77
BIS BIS CRM BIS 2G CRM 250 2004 2005 2004 2005 3,733 3,614 CRM 83,430,0001,740,000 78
2004 2005 CRM Times Telecom (c) (d) 79
2005 2006 2005 2006 3,4613,339 CRM 133 CRM 4,100 149,860,00036,670,000 79.62%2,007.47% 2005 2006 80
CRM CRM Somewell International Limited CRM CRM CRM CRM CRM 4,020 CRM 3,339 3,905 81
74,920,000 16,820,000 2006 2007 82
CRM CRM CRM CRM 96.14% 99.60%95.35% 71.89%28.11% 68.94%31.06% 56.90%43.10% BIS CRM 4,100 CRM CRM 3,905 CRM CRM 2004 2005 2005 20062006 2007 200 83
CRM 83,430,000 149,860,00079.62% 74,920,0001,740,000 36,670,0002,007.47% 16,820,000 CRM 4,100CRM CRM CRM CRM CRM 84
CRM CRM CRM CRM CRM CRM 85
86
................................... 59.98 103.31 42.63................................... 23.45 46.55 32.29 83.43 149.86 74.92 98.28%97.70% 97.17% 96.14%99.60% 95.35% (i)(ii) BIS (i) (i) (ii) (iii) 87
(ii) BIS BIS BIS BIS CRM SMS CRM BIS BIS (i) BIS (ii) 88
BIS BIS (i)(ii) (i) IDD SMS 89
(i) (ii) (1)(2) (3) 90
(ii) (i) (ii) (iii) ISO 9001:2000 1604-2004-AQ-RGC-RUA CRM 2004 2005 2005 2006 2006 2007 CRM 91
200 CRM 2,9004,1004,100 1)2) CRM.................. 80% 100% 63%.................. 72% 100% 54%.................... 81% 100% 65% CRM 2,9004,100 92
ISO 95% 95% 0.05% (i)(ii) (iii)(iv) 99.7%89.3% BIS 96.2% CRM 93
110 CRM EXCEL CRM ACD IVR ACD ACD ACD ACD ACD IVRS IVRS IVRS CRM 1,000,000 30 94
18 A..... B..... C..... D..... ABC A CRM CRM 30% A ACD CRM 95
96.14% 99.60%95.35%....................................... 30 30 15....................................... 6 7 12 CRM 96
IDD 24 24 BIS 24 BIS 97
98 95.20% 99.33%95.36% 54.26%69.81%71.12% 1,440,0004,810,0004,420,000 1.73% 3.21%5.89% 50% Directel HK 106 50,000 2,330,0005,070,0004,440,000 5%
3,220,000600,0003,480,000 3.86%0.40%4.65% 94.10% 5.90% 90.08% 9.92% 90.19%9.80%0.01% 36572.2872.51 78.88 43.91% 43.77%66.33% 11.23% 13.64%30.48% 99
5% 41.36% 58.64% 40.51% 59.49% 57.45% 42.5%0.05% 90 CRM % % %............... 59.98 71.89 103.31 68.94 42.63 56.90............... 23.45 28.11 46.55 31.06 32.29 43.10............... 83.43 100 149.86 100 74.92 100 % % %............... 77.07 92.38 131.54 87.78 65.46 87.37............... 4.92 5.90 14.87 9.92 7.34 9.80............... 1.44 1.72 3.45 2.30 2.12 2.83............... 83.43 100 149.86 100 74.92 100 100
30 CRM CRM CRM 19 CRM (1) (2) (3) (4) (5) CRM 101
(1) (2) (3) CRM CRM 5.7%5.2%43.5% 13.4% 102
CRM 17 11316 Agent Navigation System Agent Navigation System 103
Agent Navigation System IVRS 1) CRM 2) CRM 8 104
UEMO UEMO UEMO UEMO UEMO ID 1799217 38 1946573 35 3000147 38 3044259 38 105
cn-elite.com iel.hk CRM CRM (i) ISO 9001:2000(ii) (iii)(iv) UEMO UEMO UEMO UEMO SMS UEMO UEMO UEMO UEMO UEMO 106
CRM 3)3 3 3 CRM 250 CRM 1.4% 5.7%6.1% CRM CRM CRM 3 3 107
24 2452.7%60.3%70.0% 2234 5 3CRM 4 4 108
23 (i) (ii) (iii) (i) (a) (b) 5% (ii) (iii) PacificNet Inc. 1,150,000 PacificNet Inc. 9.97% (i) 109
(ii) (iii) 1 5% 2 (iv) (i) (v) (vi) (vii) (i) 10% (ii) 110
CRM 1 2 CRM CRM 111
2.8%3.4%5.9% 112
CRM 1) 2) PacificNet, Inc. elong. Inc. PacificNet, Inc. CRM (i) (ii) (1)(2)(3) 113
20 (1) (2) A. 1. 2. B. 1. BIS 2. BIS C. A. 188 3809 38101 147.44 114
20.14 64,000 168,000 671-74B 26,094 CRM CRM 20.14 115
CRM 390,000 1,020,000 1,020,00015 20.2520.26 1,188,000 1,188,00019 2.5% 20.34(1) 20 B. BIS BIS 116
50% Directel HK 20.14 BIS BIS870,000770,000 280,000 710,000690,000690,000 BIS 117
BIS 50% 20.14 (i) BIS BIS (ii) 370,000 440,000 2,600,0007,710,000 14,710,000 118
BIS 20.2520.26 BIS 3,310,000 8,400,00015,400,00019 2.5% 20 C. 50% 20.14 119
3,100,000 3,700,000 9,970,00011,900,000 12,790,000 2G3G CRM 2G3G 3G 3G3G 3G2G 10,000,00019 2.5% 20.35 20 (i)a 20.47 (ii)b C 120
20.47 20.48 () A............................ 1,188 1,188 1,188 B............................ 3,310 8,400 15,400 C............. 9,970 11,900 12,790 (i) (ii) 20 20.35 20.40 20 20 Directel HKSunward Cayman Sunward HK Directel HK 121
SIM 1 2) Directel HK Sunward Cayman Sunward HK CRM CRM BIS BIS 20% PacificNet Inc. PacificNet Inc. 1,150,000 PacificNet Inc. PacificNet Inc. 9.97% PacificNet Inc. CRM PacificNet Inc. CRM CRM CRM IT PacificNet Inc. PacificNet Inc. 122
PacificNet Inc. PacificNet Inc. 9.97% PacificNet Inc. PacificNet Inc. PacificNet Inc. PacificNet Inc. PacificNet Inc. 123
CRM CRM CRM CRM CRM 4,100 (i) CRM (ii) CRM 10,000 CRM CRM CRM CRM CRM 124
CRM CRM CRM CRM Times Telecom CRM CRM CRM BIS 125
CRM EE EE E E CRM CRM CRM CRM CRM (i)(ii)(iii) 126
CRM (1) (2) (3) (1) (2) (3) (4) (5) 1) 2) CRM CRM CRM CRM CRM CRM CRM CRM CRM CRM CRM CRM 127
CRM CRM CRM E E CRM E E CRM CRM E CRM CRM E CRM CRM 128
CRM CRM CRM 25,000,000 285,000,000 75.5%215,000,000i) CRM ii) CRM (i) CRM 81,000,000 CRM 12,000 30,000,000 CRM 5,000 28,000,000 (ii) CRM 19,000,000 CRM 5,000 14,000,000 11,000,000 CRM 2,000 (iii) CRM 32,000,000 CRM CRM 129
10.8%30,800,000 4.0%11,500,000 CRM 9.7%27,700,000 CRM............ 99.7 99.7........... 42.0 42.0.... 41.3 41.3 CRM.... 16.0 16.0 32.0......... 30.8 30.8 CRM........ 2.4 2.4 3.3 3.4 11.5...... 6.9 6.9 6.9 7.0 27.7............... 213.8 9.3 9.3 26.2 26.4 285.0 10% CRM CRM 130
131
49 19 ChinaCast Education Corporation 50 11 33 7 39 10 44 20 132
36 elong, Inc. elong, Inc. elong, Inc. elong Net Information Technology (Beijing) Co., Ltd. 46,73710,224255 elong Inc. 1,438,748 elong Inc. 6.5%3,212,500 elong PacificNet, Inc. Blue Ridge China (i) elong, Inc. (ii) ChinaCast Education Corporation Concordia College 65 32 Heriot-Watt University 133
47 20 4524 38 11 32 13 10 32 10 7 6A.19 18.03 134
6A.23 (1) (2) (3) (4) 5.285.33 15 135
................................... 3 4 5................................... 3,614 3,339 3,905...................... 73 63 45........................ 4 6 30............................ 15 19 17............................ 24 30 18 3,733 3,461 4,020................................... 3,727 3,453 4,011................................... 4 6 7................................... 2 2 2 3,733 3,461 4,020 8,600,000 136
10,000 50,000 10,00050,000 40 1,300,000 0.2% 1)2) 137
10 282 57 485 138
10 29/98/M 40/95/M 37/89/M 13/91/M 4/98/M 24/89/M 17/2004 30 139
XV23 10% Ever Prosper.... 684,000,000 75% Ever Prosper.... 34,200,000 3.75%............ 684,000,000 75%............ 34,200,000 3.75%............ 20,000,000 2.193%............ 684,000,000 75%............ 34,200,000 3.75%............ 18,550,000 2.034% 140
5% Ever Prosper.... 684,000,000 75% Ever Prosper.... 34,200,000 3.75%.... 684,000,000 75%.... 34,200,000 3.75%.... 20,000,000 2.193%.... 684,000,000 75%.... 34,200,000 3.75%.... 18,550,000 2.034%...... 23,940,000 2.625%...... 1,197,000 0.131%...... 12,600,000 1.382% 141
5% (a) 13.18(i) (ii) (b) (c) 17.43(1)(4) (d) (c) Ever Prosper Ever Prosper 142
4,000,000,000......................................... 40,000,000 35,600,100.............. 356,001 648,399,900.................. 6,483,999 228,000,000 2,280,000 912,000,000 9,120,000 11.23(1) 25% 143
(a) 20% (b) 10% 144
CRMCRM 7 CRM 4,100 CRM CRM (i) CRM CRM BIS 145
(ii) (i) (ii) (iii) (iv) 146
147
148
33%.................................. 83,434 149,864 57,307 74,923................................ (65,668) (97,664) (39,511) (43,606).................................... 17,766 52,200 17,796 31,317................................ 99 284 148 159................................ (16,121) (22,106) (9,076) (12,516)................... 1,744 30,378 8,868 18,960.................................... 6,290 (2,140)............... 1,744 36,668 8,868 16,820...... 0.10 2.04 0.49 0.94 149
I. II. 95.20%99.33% 95.36% III. (i) (ii) BIS (i)(ii) 71.89% 68.94%56.90% 28.11% 31.06%43.10% IV. % % % %........... 4,921 5.90 14,874 9.92 4,724 8.24 7,339 9.80........... 77,068 92.38 131,538 87.78 51,067 89.11 65,461 87.37........... 1,445 1.72 3,452 2.30 1,516 2.65 2,123 2.83 83,434 100 149,864 100 57,307 100 74,923 100 150
V. % % % %.. 5,080 7.74 6,085 6.23 2,287 5.79 2,999 6.88....... 53,054 80.79 86,191 88.25 35,725 90.42 39,263 90.04..... 2,651 4.04 2,625 2.69 669 1.69 802 1.84........... 4,883 7.43 2,763 2.83 830 2.10 542 1.24 65,668 100 97,664 100 39,511 100 43,606 100 7.74%6.23%6.88% 6.09%4.06% 4.00% 80.79%88.25%90.04% i)ii) VI. 151
VII. CRM CRM CRM CRM CRM 152
CRM CRM % % % %.................................. 21.29 34.83 31.05 41.80 153
63.59% 57.51% 52.40% CRM 6.08% 5.11% 6.09% 4.06% 4.00% 2.03% 0.06% 9.03% 3.59% 1.79% 5.44% 1.80% % % % %.............................. 2.09 20.27 15.47 25.31.............................. 2.09 24.47 15.47 22.45 6,290,000 149,860,000 83,430,0001.8 154
71.89%68.94%59,980,000 103,310,00072.24% 28.11%31.06% 23,450,00046,550,00098.51% CRM CRM 79.62% i) ii) 92.38%87.78% 5.90%9.92% 1.72% 2.30% 97,660,000 65,670,0001.5 52,200,000 17,770,0002.9 155
% %................................ 5,234 32.47 6,379 28.86................................ 4,622 28.67 6,626 29.97.................................... 3,747 23.24 4,746 21.47................... 1,398 8.67 3,090 13.98........................... 1,120 6.95 1,265 5.72 16,121 100 22,106 100 32.47%28.86% 5,230,0006,380,000 28.67%29.97% 4,620,0006,630,000 5.53%4.42% 23.24%21.47% 3,750,0004,750,000 CRM 8.67% 13.98% 156
6.95%5.72% CRM 30,380,000 1,740,00017 6,290,000 CRM 33% 31% 5.68%5.2% 157
BIS 1.92.5 CRM 80% 23%25% 59,600,00090,900,000 28,510,00056,170,000 158
0.2% 1) 2) 5............................................................................... (6,290)............................. (6,290 ) (20.71)% 1,740,000 159
36,670,0002,007.47% 57,310,000 74,920,00030.73% 70.52%56.90% 42,630,0005.49% 29.48%43.10% 32,290,000 91.18% i)ii) 89.11%87.37% 8.24%9.80% 2.65%2.83% 39,510,00043,610,00010.38% 17,800,000 75.96%31,320,000 160
% %................................ 2,202 24.26 2,395 19.14................................ 2,819 31.06 3,255 26.00.................................... 2,177 23.99 3,142 25.10................... 1,121 12.35 1,855 14.82........................... 757 8.34 1,869 14.94 9,076 100% 12,516 100% 24.26%19.14% 2,820,000 3,260,000 31.06%26.00% 23.99%25.10% 2,180,000 3,140,000 CRM 12.35%14.82% 8.34%14.94% 161
CRM 8,870,00018,960,000 2,140,000 3,260,000 6,290,000 1,120,000 33%25%1,020,000 2,140,000(1,120,000 1,020,000 72,390,000............................................ 1,016............................... 1,124............................. 2,140 162
11.29% 8,870,00089.63% 16,820,000.................... 24,431 29,545 27,370....................... 6,290 4,150..................... 24,431 35,835 31,520............. 30,175 50,097 48,900................... 33,990 34,064 41,167....................... 64,165 84,161 90,067............. 66,321 59,318 43,202....................... 66,321 59,318 43,202............... (2,156 ) 24,843 46,865................... 22,275 60,678 78,385.............................. 22,275 60,678 78,385................................ 14 14 14................................ 22,261 60,664 78,371............................ 22,275 60,678 78,385 163
(1).......................... 96.75% 141.88% 208.48% (2).................. 72.28 72.51 78.88 (3).................. 45.84 49.08 38.02 2,180,000 29,550,00027,370,000 5,120,000 24,430,00029,550,000 11,430,0007,100,000 CRM CRM CRM 8,000,000 96.75% 141.88% 208.48% 164
(1)............. 72.28 72.51 78.88 95%99%95%.......................... 14,981 18,670 18,444.......................... 5,814 12,588 19,950.......................... 1,717 2,283 1,382....................... 725 2,763 102................... 1,542................................ 23,237 36,304 41,420 23,240,00036,300,00041,420,000 165
2,800,0004,040,0002,440,000 50% CRM CRM 9,500,000 8,900,000 120 1,900,000 1,640,000 85.15% 35,270,000 6,850,000 6,940,00013,790,000 6,350,00011,740,000 6,310,000 13,790,0007,480,000 11,740,000 2,050,0007,480,000 166
(1).............. 45.84 49.08 38.02............... 14,016 12,250 9,553 8,000,0009,550,000 12 50,000100,000450,000 52,310,00047,070,00033,650,000 30,800,000 167
2,160,000 96.75% 46,870,00024,840,000 208.48%141.88%................................. 50,097 48,900................................... 34,064 41,167 84,161 90,067................................. 59,318 43,202 59,318 43,202....................................... 24,843 46,865......... 2,988 20,831 (1,607) 10,662......... (14,800) (15,526) (1,871) 9,646......... 9,092 (5,785) 1,727 (12,001)............. 13,597 13,032 11,801 21,167........... 20,393 21,032 20,642 20,000 21,170,000 10,660,000 168
1,610,000 10,660,000 8,870,000 18,960,00017,840,000 2,990,000 20,830,000 1,740,00030,380,000 1,870,0009,650,000 11,820,000 730,000 14,800,00015,530,000 730,000 1,730,00012,000,000 13,420,000 14,880,000 9,090,000 5,790,00014,880,000 37%30%28%88%88% 85% 169
(1).................................... 54,800,000 4,200,000 (1).......................................... 59,000,000 (a) (2)........................................... (b) (3)........................................... 4,200,000 (a) (4)........................................... (b) (5)........................................... 7.7 5.6 8.3 6.1 170
17 17.1517.21 171
1,357,450 3,209,1253,209,125 (1) (2) (3) 78,385 285,080 363,465 0.40 172
360,000 180,000 41,000,000 173
(i) (ii)(iii) 18.03 (iv) 174
10,000,00017.7 56,616,000 2,000 24.83% 6.21% Softbank China Venture Capital Softbank China Venture CapitalSBCVC3,000,000 2,000 SBCVC IC 17.7SBCVC 16,984,000 7.45% 1.86% Dubai Ventures Limited Dubai Ventures LimitedDVL7,000,000 2,000 DVL Dubai Investment Group Limited 17.7DVL39,632,000 175
17.38% 4.35% (i) (ii) 176
34,200,00015% 30 (a) (i) 177
(ii) (iii) (i) (iv) (v) (vi) (vii) (i) (ii) (b) (c) 178
(d) (e) (f) (g) (i) 6A (ii) Ever Prosper (a) (b) (c) 179
(a) 13.18(i) (ii) (b) (c) 17.43(1)(4) (d) (c) Ever Prosper 180
3.0% 25,000,000 181
1.361% 0.005%0.004%2,0002,747.44 www.hkgem.comwww.iel.hk (1) (2) 30 30 228,000,000 25% 27.7% 1%0.005% 0.004% 182
10.12(416.0816.16 30 34,200,00015% 3 100,000,000 3.6% Ever Prosper Ever Prosper 34,200,000 30 Ever Prosper 183
Ever Prosper Ever Prosper 30 39 2,000 184
10 8 22(3 I-1
50,000 100% 1 10,000 100% 2 50,000 100% 50 100% 94,000,000 100% 100,000 100% 100,000 I-2
AC I-3
CE 3.340 I-4
700 A. B(1)B(4) B(5) B(2)B(3) C I-5
B. 1............................ 2 83,434 149,864 57,307 74,923......................... (65,668) (97,664) (39,511) (43,606) 17,766 52,200 17,796 31,317......................... 3 99 284 148 159......................... (16,121) (22,106) (9,076) (12,516)............ 4 1,744 30,378 8,868 18,960............................. 5 6,290 (2,140).... 1,744 36,668 8,868 16,820.............. 8 0.10 2.04 0.49 0.94 I-6
2............. 9 24,431 29,545 27,370............... 11 6,290 4,150............. 24,431 35,835 31,520..... 12 30,175 50,097 48,900............. 13 33,990 34,064 41,167............... 64,165 84,161 90,067..... 14 66,321 59,318 43,202............... 66,321 59,318 43,202........ (2,156 ) 24,843 46,865........... 22,275 60,678 78,385...................... 22,275 60,678 78,385........................ 15 14 14 14........................ 16 22,261 60,664 78,371.................... 22,275 60,678 78,385 I-7
3............. 9 2,971 1,951 1,527............. 10 97 97 97............. 3,068 2,048 1,624............. 74,437 102,167 97,139..... 12 1,756 2,609 6,064............. 13 22,280 22,843 24,183............... 98,473 127,619 127,386............. 24,215 42,158 53,951..... 14 51,991 47,118 34,143............... 76,206 89,276 88,094............... 22,267 38,343 39,292........... 25,335 40,391 40,916.................... 25,335 40,391 40,916........................ 15 14 14 14........................ 16 25,321 40,377 40,902.................... 25,335 40,391 40,916 I-8
4................ 14 19,484 19,498............................ 1,744 1,744....................... 998 998............................ 35 35............... 14 22,261 22,275............................ 36,668 36,668....................... 1,032 1,032............................ 703 703............... 14 60,664 60,678............................ 16,820 16,820............................ 887 887........... 14 78,371 78,385............... 14 22,261 22,275............................ 8,868 8,868....................... 430 430............................ 19 19........... 14 31,578 31,592 I-9
5............................... 1,744 30,378 8,868 18,960................................ 5,686 7,104 2,727 3,713...... 998 1,032 430............. 8,428 38,514 12,025 22,673............. (12,888) (16,422) (7,067) (9,561)..... 7,448 (1,261) (6,565) (2,450)......... 2,988 20,831 (1,607) 10,662 I-10
5....... (17,053) (12,026) (1,201) (1,702)............ (2,666) (3,950) (760) (472)........ 4,919 450 90 11,820.. (14,800) (15,526) (1,871) 9,646....................... (20,393) (639) (249) 1,032................ 31,528 4,958 2,664 390................ (2,043) (10,104) (688) (13,423).. 9,092 (5,785) 1,727 (12,001) (2,720) (480) (1,751) 8,307.... 13 16,596 13,597 13,597 13,032.................. (279) (85) (45) (172)............ 13 13,597 13,032 11,801 21,167 I-11
C. 1. (a) 26 (b) 20 I-12
1. (c) 1(h) (d) (i) 1(h) (ii) (iii) I-13
1. (d) (iv) 1(h) (e) (f) 1(h) 1(h) (g) (h) (i) I-14
1. (h) (i) (ii) I-15
1. (i) (j) (k) I-16
1. (k) (l) I-17
1. (m) (i) CRM CRM (ii) (n) (o) (i) (ii) I-18
1. (p) (i) (ii) (iii) (iv) (v) (i) (vi) (q I-19
2. CRM................................ 59,980 103,313 40,413 42,631................................ 23,454 46,551 16,894 32,292 83,434 149,864 57,307 74,923 3...................... 99 257 122 157.................................... 27 26 2 99 284 148 159 4. (a)............... 3,998 6,306 2,722 2,729............. 54,289 86,264 35,572 38,930 58,287 92,570 38,294 41,659 (b).............................. 5,686 7,104 2,727 3,713............... 1,398 3,090 1,121 1,857........................ 80 83.......................... 2,936 3,628 1,211 1,770........................ 663 743 293 265....... 2,090 2,305 758 1,869................... 5,080 6,085 2,287 2,999 I-20
5. (a)................... 6,290 (1,124)....................... (1,016)................. 6,290 (2,140 ) (i) 17.5% (ii) 33% 33% 25% I-21
5. (b) 33% (26,441) (16,642) (7,657) 3,407 17.5% (247) (1,058) (334) 707 28,432 48,078 16,859 14,846 1,744 30,378 8,868 18,960 33% (8,726) (5,492) (2,527) 1,124 17.5% (43) (185) (58) 124 (135) 8,936 5,677 2,585 37 1,016 (6,290) (32) (161) (6,290) 2,140 6............................................................................................................................................................................................................................... I-22
6........................................................................... 7..................................... 5 5 5 5......................... 1,142 1,341 466 1,554........................... 40 53 31 22........................... 26 50 14 23 1,000,000.................... 5 5 5 4 1,000,0001,500,000.............. 1 I-23
8. 17,950,000 9........... 8,296 8,711 2,846 1,471 21,324........................... 9,062 1,902 5,064 2,305 1,055 19,388 CIP........... 735 (735)....................... 196 110 83 39 6 434........ 17,554 11,458 7,993 3,815 326 41,146........................... 3,237 223 328 19 7,623 11,430.................. 2,368 3,920 1,423 (7,711)....................... 453 380 287 83 7 1,210........ 23,612 15,981 10,031 3,917 245 53,786........................... 283 158 2 626 1,069.................. 339 524 4 (867)....................... 370 297 307 40 5 1,019...... 24,265 16,617 11,020 3,963 9 55,874.......... (5,304) (3,902) (1,405) (298) (10,909)................ (2,173) (1,993) (981) (539) (5,686)....................... (55) (46) (14) (5) (120)........ (7,532) (5,941) (2,400) (842) (16,715)................ (2,897) (2,128) (1,369) (710) (7,104)....................... (167) (156) (80) (19) (422)........ (10,596) (8,225) (3,849) (1,571) (24,241)................ (1,414) (1,316) (679) (304) (3,713)....................... (204) (180) (142) (24) (550)...... (12,214 ) (9,721 ) (4,670 ) (1,899 ) (28,504 ).... 10,022 5,517 5,593 2,973 326 24,431.... 13,016 7,756 6,182 2,346 245 29,545...... 12,051 6,896 6,350 2,064 9 27,370 I-24
9.................... 4,643 14 4,657.................................... 271 178 449................... 271 4,821 14 5,106................... 271 4,821 14 5,106............... 271 4,821 14 5,106................... (1,161) (10) (1,171)......................... (961) (3) (964)................... (2,122) (13) (2,135)......................... (54) (965) (1) (1,020)................... (54) (3,087) (14) (3,155)......................... (23) (401) (424)............... (77) (3,488) (14) (3,579)............. 271 2,699 1 2,971............. 217 1,734 1,951............... 194 1,333 1,527 10................... 97 97 97 11............................................................................................................................................................................... 6,290................. 6,290..................................................... (2,140)......................................... 4,150 I-25
11. 56,000,00053,000,00053,000,000 12........ 23(b) 2,800 4,041 2,444......... 20,437 32,263 38,976 23(b) 6,349 11,743......... 589 2,050 7,480 30,175 50,097 48,900....... 31 28......... 69 1,670 2,379......... 86 199 5,967 1,756 2,609 6,064 (a)............................ 14,981 18,670 18,444.......................... 5,814 12,588 19,950.......................... 1,717 2,283 1,382....................... 725 2,763 102............................ 1,542 23,237 36,304 41,420............................ 31 97 I-26
12. (b) 1530 13............................. 20,393 21,032 20,000..................... 13,597 13,032 21,167.............................. 33,990 34,064 41,167........... (20,393) (21,032) (20,000) 13,597 13,032 21,167........... 20,393 21,032 20,000..................... 1,887 1,811 4,183....... 22,280 22,843 24,183 14.......... 9,805 11,568 8,730............... 4,159 583 369............... 23(b) 5,779 6,419 7,173........... 23(b) 46,578 40,748 26,930 66,321 59,318 43,202......... 167 350 329............... 165 165 165............... 5,780 6,418 6,719........... 45,879 40,185 26,930 51,991 47,118 34,143 I-27
14................ 14,016 12,250 9,553............... 332 515 494 15. 0.0001..... 500,000 390 500,000 390 500,000 390................. 17,950 14 17,950 14 17,950 14 I-28
16. (i) 23(a)(iii).................... 97 (84) 3,936 15,535 19,484................................. 1,744 1,744............ 998 998..... 35 35.................... 97 (49) 4,934 17,279 22,261................................. 36,668 36,668............ 1,032 1,032..... 703 703.................... 97 654 5,966 53,947 60,664................................. 16,820 16,820..... 887 887................ 97 1,541 5,966 70,767 78,371.................... 97 (49) 4,934 17,279 22,261................................. 8,868 8,868............ 430 430..... 19 19................ 97 (30) 5,364 26,147 31,578............................................. 20,515.......................................................... 4,806................. 25,321.......................................................... 15,056................. 40,377.......................................................... 525......................................... 40,902................. 25,321.......................................................... 3,797......................................... 29,118 I-29
16. (i) 25% 50% 50% 10% 50% (ii) 25,000,00040,000,00041,000,000 17. 5% 20,000 I-30
18. (a) 85%88%88% 28%30%37% (b) (c) (i) (ii) I-31
18. (d) (e) 19. (i) (ii) I-32
19.................. 59,980 23,454 83,,434............................ 18,880 2,739 21,619................... (19,875 )............................ 1,744............................................................ 1,744....................... 402 293............................ 11,056 6,975 18,031.......................... 70,565............................ 88,596...................................................... 66,321................. 11,447 7,941................. 103,313 46,551 149,864............................ 37,605 17,590 55,195................... (24,817 )............................ 30,378................................ 6,290............................ 36,668....................... 697 489............................ 23,318 14,515 37,833.......................... 82,163............................ 119,996...................................................... 59,318................. 6,611 4,819 I-33
19.................. 40,413 16,894 57,307............................ 13,407 6,562 19,969................... (11,101)............................ 8,868............................................................ 8,868....................... 285 193............................ 24,613 9,409 34,022.......................... 59,314............................ 93,336...................................................... 61,744................. 767 402................. 42,631 32,292 74,923............................ 15,642 18,595 34,237................... (15,277)............................ 18,960................................ (2,140)............................ 16,820....................... 284 307............................ 28,957 21,431 50,388.......................... 71,199............................ 121,587...................................................... 43,202................. 823 246 I-34
19...................... 4,921 77,068 1,445 83,434................................ 789 16,944 298 18,031..................... 12,807 6,581 19,388..................... 14,874 131,538 3,452 149,864................................ 3,620 32,138 2,075 37,833..................... 8,818 2,608 4 11,430..................... 4,724 51,067 1,516 57,307................................ 9,215 23,856 951 34,022..................... 1,160 5 4 1,169..................... 7,339 65,461 2,123 74,923................................ 15,350 33,829 1,209 50,388..................... 880 187 2 1,069 20. (a) I-35
20. (b) (c) 21. (a).............................. 278..................... (b)......................... 34 690 211 1,275 120 520 I-36
21. 22. 23. (a)............................. (i) 2,325 5,071 776 4,444......................... (ii) 402 782 170 110......................... (iii) 998 1,032 430 454.............. 2,666 3,950 760 472............ 4,919 450 90 11,820................ 31,528 4,958 2,664 390.......... 2,043 10,104 688 13,423 38,000,000 I-37
23. (b)....................... 2,800 4,041 2,444..................... 6,349 11,743....................... 52 99 454...................... 52,305 47,068 33,649 (c) 67....................... 749 892 305 505................... 39 56 22 23 788 948 327 528 4(a) (d) 4(a)17 I-38
24. (a) 4,000,000,000 0.0140,000,000 Ever Prosper International LimitedEver Prosper1,400,1000.01 Ever Prosper 17,950,000 0.0001 0.0001 Ever Prosper 34,200,0000.01 Ever Prosper 648,399,9000.01 Ever Prosper 684,000,0000.01 (b) 25. Ever Prosper International Limited 26. I-39 8 23 1 12 13 14 19
8 1. C6 1,357,450 E. I-40
A. II-1
B. 10 8 A II-2
88 26 II-3
(A) (1) (2) 78,385 285,080 363,465 0.40 III-1
(B) (1)........................................... 54,800,000 4,200,000 (1).......................................... 59,000,000 (a) (2)........................................... 7.7 (b) (3)........................................... 5.6 4,200,000 (a) (4)........................................... 8.3 (b) (5)........................................... 6.1 III-2
(C) 10 8 AB AB 7.317 7.31 300 III-3
7.31(1 (a) (b) (c) 7.31(1) III-4
IV-1
8 IV-2
188 3809 3810 B.Sc. FRICS FHKIS IV-3
1. 188 389 10...................................................... 2. 67 4B 3. 57 4 4. 133 23 5. 13304...................................................... IV-4
6. 126 6F 7. 126 6E............................................................................................................ IV-5
1. 188 38 9 10 41 38 147.44 1,587 14,000 14,000 IV-6
2. 67 4B 7 6,094 85,000 85,000 IV-7
3. 57 4 6 4 700 10,000 IV-8
4. 133 23 30 23 3,099.038 150,303 IV-9
5. 13304 9 3 120.76 1,200 IV-10
6. 126 6F 28 6 92.9 (1,000 7,300 IV-11
7. 126 6E 28 6 37.16 (400 3,200 IV-12
1. (a) (b) 2. (a) V-1
V-2
(aa) (bb) (cc) (dd) (ee) (5%) (ff) V-3
V-4
(aa) (bb) (cc) (6) (dd) (ee) (ff) V-5
(30) (b) (c) (i) (ii) (iii) (iv) (v) V-6
(d) (e) (21) (95%) (21) (15) (f) V-7
(i)(ii) (iii) (iv) (v) (5%) (g) 1518 V-8
(h) (21) (i) (e) (21) (14) V-9
(i) (ii) (95% (aa) (bb) (cc) (dd) (ee) (ff) (20%) (gg) (j) V-10
(30) (k) (l) (m) V-11
(i) (ii) (a) (b) V-12
(n) (o) (20%) (14) (20) (p) (2) V-13
2.50 1.00 (q) (r) 3(f) (s) (i) (ii) V-14
(t) (i)12 (ii)12(iii) (u) 3. (a) V-15
(b) (a) (b)(c) 37(d)(e) (f) (c) V-16
(d) (e) 34 34 2(m) (f) (a)(b) (c) V-17
(g) (h) (i)(ii) (iii) (i) (j) 6 (1) (2) V-18
(k) (l) (m) (n) V-19
(o) (75%) (p) (90%) (q) 4. Conyers Dill & Pearman V-20
1. A. 1883809-3810 XI 38 35G B. (a) 50,0005,000,0000.01 Ever Prosper999,9990.01 Ever Prosper (b) Ever Prosper (i)0.011000.0001 50,000500,000,0000.0001 (ii) Ever Prosper 82,050,000 0.0001Ever Prosper 17,950,0000.0001 (c) Ever Prosper Ever Prosper 17,950,0000.0001 Ever Prosper 17,525,7080.0001 17,950,000 0.0001 (d) Ever Prosper Ever Prosper 17,950,0000.0001 Ever Prosper Ever Prosper 17,950,0000.0001 (e) (i) 4,000,000,0000.0140,000,000 (ii)1,400,1000.01 Ever Prosper(iii)Ever Prosper17,950,0000.0001 VI-1
(iv)0.0001 (v)34,200,0000.01 Ever Prosper Ever Prosper 35,600,1000.01 40,000,0004,000,000,000 9,120,000912,000,000 3,088,000,000 C. Ever Prosper (a) (b) (i) (ii) (c) 6,483,999 6,483,999 VI-2
648,399,900 (d) (i) 20% (ii) (e) (e) 10% (f) (e) D. (a) 100% VI-3
(b) 4,000,000,0000.01 40,000,000 (c) Ever Prosper 1,400,100 0.01 (d) 14,00117,950,000 0.0001c (e) 0.0001 (f) Ever Prosper 34,200,000 0.01 E. 1. 35,000,00045,000,000 45,000,000 2. 45,000,000 64,000,000 64,000,000 3. 64,000,000 94,000,000 94,000,000 VI-4
F. (i) (ii) (iii) VI-5
26 G. 94,000,000 94,000,000 100% 15 VI-6
2. A. (a) Ever Prosper (b) Ever Prosper (c) Softbank China Venture Capital Softbank China Venture Capital 3,000,000 (d) Dubai Ventures Limited Dubai Ventures Limited7,000,000 B. 38 1799217 35 1946573 38 3000147 38 3044259 VI-7
cn-elite.com iel.hk 3. A. XV XV78 352 5.465.67 (i)....... 684,000,000 75% 20,000,000 2.193%....... 684,000,000 75% 18,550,000 2.034%......... 12,600,000 1.382%....... 2,000,000 0.219%......... 1,000,000 0.110%......... 500,000 0.055%....... 500,000 0.055%....... 500,000 0.055%........ 23,940,000 2.625% VI-8
(ii) Ever Prosper........................ 50%........................ 46.5%.......................... 3.5% (iii)................. 3.75%................. 3.75%................... 0.131% (a) VI-9
(b)................... 80,000 762,500 762,500................... 80,000 762,500 762,500..................... 347,000 407,600 407,600................... 530,450 530,450 530,450..................... 80,000 506,075 506,075 (c) (d)...................................... 80,000.................................... 80,000.................................... 80,000 (a) (b) (c) VI-10
1,357,450 XV23 10% (a) Ever Prosper.............. 684,000,000 75% (b) Ever Prosper..................... 3.75% (a) XV XV78 352 5.465.68 VI-11
(b) (2) (c) (d) (e) XV23 10% (f) (g) 5% 4. VI-12
I. (a) (i) (ii) (iii) (iv) (b) (c) 1.00 VI-13
60,000,000100% (b) II. 60,000,000 60,000,000 6.58% 10A2723.02(1)(b) 1)............. 1 20,000,000 2.193% A............. 1 18,550,000 2.034% A............... 1 12,600,000 1.382% A............. 2,000,000 0.219% 38 35G VI-14
1)............... 1,000,000 0.110% 4806........ 500,000 0.055% 8 6 801 500,000 0.055% 2013007..... 500,000 0.055% 2713............... 1,000,000 0.110% 12803............. 800,000 0.088% Hongtu Yuan Hongtu Dong Street 18............. 600,000 0.066% 172 3 601............. 450,000 0.049% Liu Yue Street Changnin Li 1201............. 9 250,000 0.027% 19A VI-15
1)............. 1 500,000 0.055% 2D............. 50,000 0.005% 409 419 28D............. Patio S. Domingos 2 50,000 0.005% R/C, Macau............. Calc. S. Francisco 50,000 0.005% Xavier, 1, FL 05, Flat B, Ed. Heng Lei, Macau............. 80,000 0.009% 12702............. 100,000 0.011% 6704............. 80,000 0.009% 102305............. 50,000 0.005% 5604............. 50,000 0.005% C11E............. 30,000 0.003% 40501 VI-16
1)............. 30,000 0.003% 106............. 30,000 0.003% 15701............. 150,000 0.016% 10814 60,000,000 6.58% (12) 972,000,000 912,000,000 60,000,000 VI-17
6.05.6 25%23.5% 25% 60,000,000 5. A. (c)(i) (ii) (iii)(iv) (v) 1 VI-18
(i) 0.1% (ii) 5,000,000 (a) (b) (c) 23.02(2)(c)(d)23.02(4) 2.28 (i) (ii) VI-19
(iii) (i) (ii)(iii) 91,200,000 10% (ii) 10% (iii) (iv) 30% 30% 1% (5) VI-20
(o)(vi) (o)(vi) 23.03(13) VI-21
(l) VI-22
(i) (ii) (g)(h)(m) (iii) (j) (iv) (l) (v) (g) (vi) (vi) (vii) (k) (viii) (f) (ix) (t) 5 VI-23
(i) (ii) (i) (ii) 23.03 (ii) (iii) 23 (iv) VI-24
(d) B. 6. A. Ever Prosper (a) 111 35(b) (a) (b) (c) (d) VI-25
Ever Prosper (a) 10,00050,000 (b) (c) (d) 574 3 (e) (i) 674B(ii) 574(iii)133 234 B. C. VI-26
D. 30,000 E. F............................................................................ Conyers Dill & Pearman................................... G. Conyers Dill & Pearman H. 44A44B I. VI-27
J. (a) (i) (ii) (iii) (iv) (v) (24) (b) (c) Conyers Dill & Pearman (i) (ii) (iii) VI-28
14 22 Conyers Dill & Pearman VII-1