: 8180
280,000,000 0.25 1% 0.003% 0.005% 0.01 8180 32 342C
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3. 4. 47 46300 (i) (ii)(iii)(iv) 6,809 5.2 9,042 6.6 419 0.6 609 0.9 120,462 92.7 121,493 88.6 62,408 95.7 58,664 90.3 2,698 2.1 6,615 4.8 2,357 3.7 5,732 8.8 129,969 100.0 137,150 100.0 65,184 100.0 65,005 100.0 5542 915116104 4 53 4 85.0% 93.7% 93.0% 2
41 3585.4% 97.7% 98.2% 96.8% (i) (ii) 1117 1. 3 3 3 20,072 12.6 52,227 29.8 27,105 30.2 28,271 33.8 2. 8040 20 3 3 3 12,730 8.0 10,419 6.0 8,858 9.9 81 0.1 3. 0.52.0 15 15 15 6,590 4.1 6,378 3.6 3,663 4.1 160 0.2 4. 0.51.5 5 5 5 12,760 8.0 18,287 10.4 9,492 10.6 6,854 8.2 5. 4 4 4 9,410 5.9 12,872 7.4 5,318 5.9 8,173 9.8 6. 3 3 3 13,136 8.2 10,015 5.7 4,566 5.1 5,698 6.8 7. 50 X10 50 X6 7 7 7 7,848 4.9 6,808 3.9 3,866 4.3 2,212 2.6 8. 2 2 2 4,580 2.9 9,217 5.3 4,454 5.0 4,319 5.2 9. 12 12 12 3,744 2.3 6,901 3.9 3,032 3.4 3,669 4.4 10. 4 4 4 10,394 6.5 642 0.4 150 0.2 4,012 4.8 11. 0.2X24 0.2X30 5 5 5 1,679 1.0 19 0.0 2,860 3.4 101,264 63.4 135,445 77.4 70,523 78.7 66,309 79.3 3
117 427518 782 117,532 73.6 153,134 87.5 78,648 87.5 76,139 91.0 26,462 16.6 8,408 4.8 4,186 4.7 2,066 2.5 15,692 9.8 13,500 7.7 6,994 7.8 5,467 6.5 159,686 100.0 175,042 100.0 89,828 100.0 83,672 100.0 4
5542 85.0% 93.7%93.0% 15% 69 32.2% 31.9%28.9% Town Health (BVI) 14.63% (%) (%) (%) (%) 137,691 86.2 13.4 151,242 86.4 21.8 77,929 86.8 22.9 70,586 84.4 20.7 10,243 6.4 24.8 14,501 8.3 23.2 7,733 8.6 25.8 6,256 7.5 19.8 10,032 6.3 22.8 6,636 3.8 40.2 2,380 2.6 31.2 4,355 5.2 55.9 1,720 1.1 2.5 2,663 1.5 2.4 1,786 2.0 5.6 2,475 2.9 5.7 159,686 100.0 14.6 175,042 100.0 22.3 89,828 100.0 23.1 83,672 100.0 22.1 5
159,686 175,042 89,828 83,672 23,286 38,993 20,717 18,455 14.6% 22.3% 23.1% 22.1% 15,258 22,185 16,747 5,538 (4,846) (6,858) (5,256) 4,008 10,412 15,327 11,491 1,530 6.5% 8.8% 12.8% 1.8% 5.0 5.2 3.1 4.4 4.6 2.8 9.4% 12.1% 2.2% 7.4% 9.8% 1.7% (i)20 (ii) 2012 11.5 1.5(i) (ii)5.4 (iii) 3.0 6
(i) (ii) 6 10.7 96,0006,972,000 A23 7.5 9,009,000 87 1 7
16 26,108,000 93.9% 7,000 6,061 6,143 3,512 13,417 15,308 15,430 8,000 6,927 7,020 6,282 6,161 6,282 5,002 A 8,000 8,000 8,000 8,000 1,669 19 2,000 2,000 2,000 1,500 450 51 1,000 1,000 1,000 1,000 34 806 806 1,479 1,479 B 260 250 250 250 114 746 900 1,000 1,000 1,000 1,000 3,588 A 3,300 25 1,000 1,268 378 250 250 1,168 830 413 435 12,834 28,784 26,488 27,663 21,163 22,692 22,003 20,886 14,573,000 35,778,000 33,456,000 35,083,000 26,082,000 28,206,000 27,792,000 26,488,000 8
(i)(ii) (i) (ii) (iii) (iv) (v) (i) (ii) (i) (ii) (iii) 9
125.9 8 (i) (ii) (iii) 1,000,000 (i) (ii) (iii) 10
0.25 1 2 3 200 0.24 13.2 (1) 800,000,000 (2) 800,000,000 (3) 0.019 (1)800,000,000 12 11
29.0 10.98.6 5.4 4.1 4.7 290.2570 41.4%(i) (ii)(iii) 12.5 12.5 0.6 25.6 1.2 1.9 1.8 0.4 5.3 6.0 6.0 4.1 4.1 11.3 14.4 1.8 12.9 0.6 41.0 12
13
1 1 2 6 9 12 32 20.13 Town Health (BVI) 14
www.hkgem.com 50.1% 49.9% 15
49.9% 16
Max Goodrich Max Goodrich International Ltd Max Goodrich Max Goodrich Festive Mood Group Ltd 17
2009-2012 18
0.25 1% 0.003%0.005% 280,000,000 19
571 0.01 12 49 1 6 Town Health (BVI) Town Health (BVI) Limited 20
Town Health International Holdings Company Limited 8138 3886 Town Health (BVI) % 21
(i) 0.82951 (ii) 0.81141 (iii) 0.80801 (iv) 0.80451 (v) 0.81531 (vi) 0.81921 (vii) 0.79811 (viii) 0.79171 (ix) 0.79621 (x) 0.78791 (xi) 0.79651 (xii) 0.78851 22
(-NH2) (-COOH) 23
- 24
GMP GSP e e 25
(HBV) (HCV) 26
X SCM 27
TXA2 A2 (TXA2) B2 28
29
(i)(ii)(iii) (iv) 30
111.7125.9 60.3 85.9% 91.8% 92.9% 39.9% 50.5% 33.7% 58.4% 69.4% 70.9% 2534 73.6% 87.5% 91.0% 31
97.7% 98.2% 96.8% 32
5542 85.0% 93.7% 93.0% 15%15% 15% 33
(i)(ii) (iii) 2012 34
12,834,000 14,573,00026,488,000 33,456,000 HIDC 3% 3% HIDC 35
(i)(ii) 36
(i) 14.6% 22.1% 37
96,0006,972,000 3090 48,149,00041,701,000 45,506,00033.1% 25.1% 23.8% 29.0 0.25 38
74.7% 80.4% 79.1% (a) 14 (b)10 (c) 15 39
40
Town Health (BVI)31.20% 41
H7N9 H5N1 H1N1 7.0 (i) 18 6 18(ii) 126 iii5,000,000 15,000,000 (a) 1.51 (b) 5 110%Max Goodrich 42
12.5115.55 3702 8,500,000 10,566,000 6.9 43
(i) (ii) (iii) GMP GMP GMP 44
GMP GMP 45
16,295527 (i) (ii) (iii) (i) (ii) 46
47
698 698 12.5% Max Goodrich 3% Max GoodrichMax Goodrich 698 698 698 698 698 84,000 48
698 698 4,730,0001,143,0002,354,000 49
50
10% 50% 51
10% 25% 5% 5% 5 5% 25% 25% 52
10% 20% 75 75 IV. 53
17.29 54
Town Health (BVI)31.20% 55
8,000 8180 56
35%280,000,000 44B(1) 11.23(7) 25% 57
28 26 Codan Services Limited Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda 58
59
38 583 2 1 402 38 600 3 8 C 1 7 15 B BBS, MH 12 1 60
15 8 89 1 7 89 1 7 88 24 2402 122-126 122 QRC 11 232 21 61
1 26 12 6 100022 Conyers Dill & Pearman 8 2901 31 16 1601 28 217 88 35 161-167 21 2102 62
XI Clarendon House 2 Church Street Hamilton HM 11 Bermuda 3702-03 582-592 10 1001 3702-03 HKICPA 582-592 10 1001 HKICPA BBS, MH BBS, MH BBS, MH 63
89 1 7 21 202 68 Codan Services Limited Clarendon House 2 Church Street Hamilton HM 11 Bermuda 28 26 www.newraymedicine.com 64
360,000 (i) (ii) (iii) (iv) (i)(ii) (iii) 65
1,78210,717 17.7% I 1,100 1,000 30.00% 900 800 24.4% 21.5% 22.0% 20.1% 18.1% 25.00% 700 600 500 13.4% 16.7% 13.8% 13.5% 16.5% 13.8% 15.1% 20.00% 15.00% 400 300 10.00% 200 100 0 178.2 208 236.7 268.7 313.1 356.2 410 510 619.4 755.6 907.8 1,071.7 5.00% 0.00% 66
520 317203 23,551 916,902 14,820 78228,939 546 78.8% 8,449 2012 2012 67
(1) (2)(3)(4)(5) II 1 2 3 4 5 1 1 2 2 3 3300 68
4 4(i)(ii) 5 5 1 2 3 4 5 II33 69
7,041 70
III 3,000.0 35.00% 2,500.0 2,000.0 1,500.0 16.6% 12.0% 19.8% 16.7% 21.0% 24.6% 23.1% 18.5% 30.00% 25.00% 20.00% 15.00% 1,000.0 10.00% 500.0 5.00% 0.0 300.0 336.0 402.6 469.9 568.4 708.4 942.6 1,117.4 0.00% 71
16,295 28.8% 96% 40.5%7.15% I 37.51% 38.43% 39.12% 44.2% 42.0% 40.50% 19.00% 19.43% 15.69% 19.62% 19.3% 18.90% 15.47% 14.12% 12.14% 9.29% 8.33% 9.78% 9.27% 9.29% 12.42% 11.09% 10.77% 10.22% 7.68% 7.61% 10.67% 8.1% 11.6% 12.00% 6.60% 6.58% 5.31% 4.8% 5.0% 5.00% 4.47% 4.53% 4.64% 2.9% 3.0% 3.60% II 1 9.92% 9.25% 9.23% 2 9.73% 8.74% 9.02% 3 7.07% 6.36% 7.61% 4 8.34% 7.11% 7.48% 5 6.64% 8.30% 7.34% 6 7.96% 7.18% 7.15% 7 7.07% 6.47% 5.80% 8 3.18% 4.79% 4.77% 9 4.36% 4.79% 4.07% 10 4.01% 3.99% 3.69% 72
527 1. 2. 3. GSP 4. 28.8% 73
1117 1117 14 157.1% 47.792.0 92.9% 15 12 20.0% 244.0 214.0 12.3% 19 2215.8% 254.0 297.0 16.9% 16 15 6.3% 38.1 51.1 34.1% 247.0 184.025.5% 53.3 54.31.9% 74
161918.8% 28.7 33.817.8% 30 3413.3% 34.6 36.9 6.6% 32.1 32.51.2% 184.0 207.0 12.5% 28 32 14.3% 201.0 189.0 6.0% 9 1566.7% 226.0 312.0 38.1% 3 433.3% 26.0 58.0 123.1% 75
76
GSPGSP GSP GSPGSP GSP 77
GSP GSPGSP GSP GSP GSP 78
2012 79
5542 85.0% 93.7% 93.0% 80
115% 125% 15% 15% 81
82
5542 83
84
GMP GMP GMP GMP GMP14 88GMP14 313 GMPGMP GMP GMP GMP GMP GMP 85
20112012 2013 (i) (ii) (iii) (iv) 2012 10,000200,000 86
87
(i) (ii) (iii) GSP 75 75 75 88
25% 10% 25% 5% 5% 25% 17% 17% 89
7% 5% 1% 3% 0.03% 0.05% 90
90% 10% 10,00010,0001.001 Max Goodrich 1.00 Max Goodrich 91
5,000,000 90% 6% 3% 1% 40% 30% 30% 5,000,000 60% 20% 20% GSP GSP 5,000,000 (i)(ii) 90% 6% 3% 1% 69% 30% 1%40% 30% 30% 1,000,000 (i)(ii) 5,000,000 92
5,000,000 5,000,000 2,000,000 2,000,000 5,000,000 5,000,000 93
1,000,000 (i)(ii) (iii) 15,000,000 15,000,00075,000,000 75 75 94
30,000,000 30,000,000 Max Goodrich Max Goodrich 50,0001 Max Goodrich10,00010,0001.00 40% 30% 29% 1% Max Goodrich 1%100 Max Goodrich100 Max Goodrich1168787 Max Goodrich 40.00% 30.00%29.03%0.97% Max Goodrich Max Goodrich 0.97% 100 Max Goodrich 40.97% 30.00%29.03% Max Goodrich10,710 66,600,000Max Goodrich(i) 37.7(ii) Max Goodrich (iii)max Goodrich 10,000,000 Max Goodrich 51%20.08%14.70%14.22% Max Goodrich 66,600,000(i) 95
34.5% (ii) 25.5%(iii) 16.9% 45%(iv) 16.2% (v) 4.0% (vi) 1.5%(vii)1.4% Max Goodrich 3%Max Goodrich6%4,800,000 (i) Max Goodrich(ii) (iii)max Goodrich Max Goodrich 48%20.08%14.70%11.22% 6% Max Goodrich 3% 698Max Goodrich 3% 698 698 698698 84,000698 96
698 Max Goodrich 3%Cheung Lam Hung 12,000,000Cheung Lam Hung Max Goodrich Max Goodrich Max Goodrich 3%Chau Kai Man 3,300,000Max Goodrich Cheung Lam Hung Max Goodrich 3%Chau Kai Man 3,300,000 Max Goodrich Chau Kai Man Max Goodrich 48%20.08% 11.70%8.22% 6% 6% Chau Kai Man Max Goodrich Festive Mood Group LtdFestive Mood Group LtdFestive Mood Group Ltd Chau Kai Man Festive Mood Group LtdMax Goodrich 48% 20.08% 11.70%8.22% 6% 6% 97
1,000,00050.1% 49.9% (a) (i) (ii) (b) 100,00010,000,0001 (c) Max Goodrich Max GoodrichMax Goodrich (i)max Goodrich20,999 Max Goodrich Max Goodrich(ii) 1 Max Goodrich 3% 698 98
50.1% 100% 100% 100% 100% 100% 6% 6% 11.7% 8.22% 20.08% 48% 100% 100% Chau Kai Man Town Health (BVI) 50.1% 49.9% 99
100% Town Health (BVI) 100% Chau Kai Man 100% Festive Mood Group Ltd 48% 20.08% 11.7% 8.22% 6% 6% 100% 100% 100% 100% 100% 50.1% 50.1% 49.9% 100
100% Town Health (BVI) 100% Chau Kai Man 100% Festive Mood Group Ltd 35% 31.20% 13.05% 7.60% 5.35% 3.90% 3.90% 100% 100% 100% 100% 100% 50.1% 50.1% 49.9% 101
47 46 4719 117 11742 7518 93.2121.459.358.4% 69.4% 70.9% 102
5542 85.0% 93.7% 93.0% 37 119 13 137.7151.2 70.686.2% 86.4% 84.4% % % % % 137,691 86.2 151,242 86.4 77,929 86.8 70,586 84.4 10,243 6.4 14,501 8.3 7,733 8.6 6,256 7.5 10,032 6.3 6,636 3.8 2,380 2.6 4,355 5.2 1,720 1.1 2,663 1.5 1,786 2.0 2,475 2.9 159,686 100.0 175,042 100.0 89,828 100.0 83,672 100.0 8 103
782 104
1,782 10,717 17.7% (i) (ii) (iii) 46 47 117 (i) (ii) 105
(i) (ii) 105 10 106
8 107
47 108
46 47117 111.7125.9 60.385.9% 91.8% 92.9% 51.869.321.9 39.9% 50.5% 33.7% 93.2121.4 59.358.4% 69.4% 70.9% 24.9% 23.0% 25.8% (i) 4746 109
(i) (ii) (i)(ii) (iii) (iii) (ii) GSP 110
(i) (ii) 111
112
(i) (ii) (i) (ii) (iii) (iv) 85.0% 93.7% 93.0% (v) (i) 113
(ii) (i) (ii) (iii) 8 (i) (ii) SWOT 114
(i) (ii) 115
(iii) (i) (ii)(iii)(iv) (v)(vi) 14,300 4135 85.4% 97.7% 98.2% 96.8% 116
(i)(ii) (iii) 28,784,000 35,778,000 26,488,00033,456,00027,663,000 35,083,000 27,434,00025,488,00026,663,000 (i) (ii) 117
(i) (ii)(iii) 1. (i) (ii) 25,204 22,658 23,833 2. 30 180 180 3. 2,000 2,600 2,600 4. 50 50 5. 200 27,434 25,488 26,663 118
1,350,000 1,000,0001,000,000 (i) (ii)(iii) 1. 1,350 2. 1,000 1,000 1,350 1,000 1,000 28,784 26,488 27,663 35,778,000 33,456,000 35,083,000 87 1 32 119
70,000 0.3% (i)(ii) (iii) (i)(ii) (iii) (i) (ii) 120
(iii) (iv) (i) (ii) (iii) 121
1 A B 122
1. (i) GMP (ii) GSP (iii) (iv) (v) 123
(vi) 2,000,000 (vii) (i)(ii) 6,809 5.2 9,042 6.6 419 0.6 609 0.9 120,462 92.7 121,493 88.6 62,408 95.7 58,664 90.3 2,698 2.1 6,615 4.8 2,357 3.7 5,732 8.8 129,969 100.0 137,150 100.0 65,184 100.0 65,005 100.0 (i) 5.2% 6.6% 0.9% A 124
(ii) 92.7% 88.6% 90.3% (iii) 2.1% 4.8% 8.8% (i) (ii) 1.61.90.4 63,0002.0(i) (ii) B A (i) (ii)b 125
6 1 2 5 10 4 0 14 57 10 40 27 5 1 1 5 14 5 9 10 27 3 0 30 5 0 0 5 10 2 1 11 30 0 0 30 13 (i) 131 (ii)131 (iii)131 (iv)1310 126
10(i) (ii)gmp (iii) 2012 1. 51,845 39.9 69,300 50.5 39,551 60.7 21,899 33.7 2. 34,356 26.4 37,594 27.4 14,275 21.9 32,160 49.5 3. A 7,934 5.8 4. B 5,333 4.1 6,250 4.6 3,181 4.9 2,267 3.5 5. E 2,043 1.5 2,148 1.5 1,027 1.6 629 1.0 93,577 71.9 123,226 89.8 58,034 89.1 56,955 87.7 127
1. 2. 3. A AA 45%A GMP A A A A 128
4. B B B BB B B 5. E EE E E 5% 129
1. A 1 35 0.02 1,033 0.6 20,000 2. B 2 2,677 1.7 2,425 1.4 3. C 0.5g 6,590 4.1 6,378 3.6 4. D 3 1,338 0.8 4,223 2.4 50,000 10,640 6.6 14,059 8.0 1. 432,000 48,000 2. 1,200 1,440 3. 20,0008,000 (i)(ii) 130
20120.5g 3 3 3 111.7125.960.3 85.9% 91.8% 92.9% 131
1. 1,000,000 1 2. A 8,000,000 2 3. 2,000,000 3 4. 0.2 X24 0.2 X36 5. 500,000 4 6. 500,000 4 7. 30 x2 30 x4 1,000,000 5 132
1. (i) (ii) 2. 3. 11 2 4. (i)300,000 100,00050,000 50,000 300,00050,000(ii) 300,000 100,000100,000 300,000 100,000 5. 1 60% 1 4 0.2 x240.2 x36 430 x230 x4 133
1. 46 0.03 167 0.2 323 0.3 2. 642 0.37 4,012 4.8 6,722 5.3 3. 18 0.01 80 0.1 92 0.07 4. 0.2 x24 0.2 x36 1,679 0.96 2,860 3.4 4,378 3.5 2,385 1.37 7,119 8.50 11,515 9.17 3 0.2 x240.2 x36 9 9 83.7% 93.5% 93.0% 134
1. 1,000,000 135
1. 1. 50,000,000 7,020,000 2. 3. 5,002,000 4. 5. 2. 40,000,000 6,143,000 42,000,000 15,430,000 44,000,000 3. A 8,000,000 90 8,000,000 19,000 136
4. B 1,380,000 250,000 5. E 2,506,500 200,000 5,200,000 6,240,000 46 (i) 137
(i) GMP GMP 6.5% 0.4% 4.8% 0.4% 9.6% (a) GMP 30,000,000 A GMP(b)45% GMP GMP 45% A GMP A45% 45% 45%11,250,000 GMPA GMP AA A A 138
(i) (ii) 8,000,000 A (i) GMP(ii) A GMP GMP AGMP A 139
(ii) 2.25g GMP 0.9% 2.25g 6.4% 0.2%0.9% 140
GMP(i) (ii) (iii)gmp GMP GMP GMP 1. 20,072 12.6 52,227 29.8 28,271 33.8 1 GMP GMP 2. 12,760 8.0 18,287 10.4 6,854 8.2 2 GMP GMP 3. 13,136 8.2 10,015 5.7 5,698 6.8 GMP 4. 9,410 5.9 12,872 7.4 8,173 9.8 3 GMP GMP 5. 4,580 2.9 9,217 5.3 4,319 5.2 GMP 6. B 7,848 4.9 6,808 3.9 2,212 2.6 GMP 67,806 42.5 109,426 62.5 55,527 66.4 1. GMP 2. GMP 3. GMP 141
GMP GMPGMP GMP GMP GMP 117 142
3 (i) (ii) (iii) 143
A 144
30 90 30 90 30 90 (i) (ii) (iii) (iv) 2,000,000 (v) (a) (b) 145
117,532 73.6 153,134 87.5 78,648 87.5 76,139 91.0 26,462 16.6 8,408 4.8 4,186 4.7 2,066 2.5 15,692 9.8 13,500 7.7 6,994 7.8 5,467 6.5 159,686 100.0 175,042 100.0 89,828 100.0 83,672 100.0 (i) 73.6% 87.5% 91.0% 146
(ii) 16.6% 4.8% 2.5% (i) (ii) (iii) 2.25g 2.25g (iv) 1.5g (v) 804020 2012 147
(iii) 9.8% 7.7% 6.5% (i) (ii) (iii) (iv) 148
25 5 5 25 24 3 11 16 213 44 92 165 25 14 5 34 16 5 4 17 165 32 70 127 34 2 2 34 17 1 6 12 127 10 69 68 253434 12 21 1617 129 21(i) 214 GMPGMP (ii) 211 (iii) 212 (iv) 212 149
2012 (v) 2112 16.6% 4.8% 2.5% 165127 68231 (i)(ii) (iii) 9.8% 7.7% 6.5%(i) (ii) 150
1. 12,983 8.1 40,289 23.0 21,434 23.9 21,594 25.8 2. 39,793 24.9 37,478 21.4 21,123 23.5 13,336 15.9 3. 16,190 10.1 19,001 10.9 9,166 10.2 8,905 10.6 4. A 2,992 1.9 13,547 7.7 5,989 6.7 9,255 11.1 5. 11,964 7.5 11,102 6.3 5,556 6.2 6,214 7.5 83,922 52.5 121,417 69.3 63,268 70.5 59,304 70.9 1. 2. 3. 151
4. A AHA AA 5. 5% 1. 60 3 152
2. 1. 45 2. 3 3. 4. 3. 1. 45 2. 3 3 4.A 90 5. 1. 45 2. 3 153
(a) (b) (c) (d) (e) (f) (g) 154
(h) (i) (i) (ii)(iii) (iv) (ii) (i)(ii) (iii) (iv) 155
156
50.0% 46.6% 39.0% 1174275 18 157
119,329 74.7 140,729 80.4 71,957 80.1 66,183 79.1 18,322 11.5 21,153 12.1 9,496 10.6 11,645 13.9 11,820 7.3 9,191 5.3 6,332 7.0 2,301 2.8 6,952 4.4 3,356 1.9 1,815 2.0 3,263 3.9 2,959 1.9 415 0.2 132 0.2 181 0.2 304 0.2 198 0.1 96 0.1 99 0.1 159,686 100.0 175,042 100.0 89,828 100.0 83,672 100.0 158
(i) (ii) (iii) (iv) (v) 159
(i) (ii) (i) (ii) (iii) 3090 180 18090 90 (i) (ii) 160
1079495 23,28111,785258 0.01% 0.01% 0.0003% a. 161
b. 162
5542 85.0% 93.7% 93.0% 163
15% 15% 164
1804020 8.0% 6.0% 0.2% 1 80 13.8% 4.7 6.7% 12.8% 2 40 10.4% (0.1) 6.5% 7.0% 3 20 19.4% (0.5) 5.2% 5.0% 1. 20.4% 14.8% 2. 11.7% 11.2% 3. 21.1% 21.3% 165
10 34 50x1050x6 50 x 6 4 15.4% 13.5% 13.4% 1 20.2 9.4% 5.6 6.0% 17.4% 2 50 x10 33.5% 0.4 25.8% 36.3% 3 50 x6 33.8% 0.2 4.6% 14.1% 4 0.5 3.8% 1.8 8.7% 18.5% 1. 18.9% 7.9% 2. 14.1% 3. 10.0% 4. 10.7% 166
1804020 6.0% 0.2% 1 2 80 37.7% (31.4) 85.7% 86.0% 1 3 40 37.5% (2.1) 12.7% 13.8% 1 4 20 37.5% (7.6) 81.0% 82.3% 1. 2. 40.7% 39.2% 3. 37.0% 36.2% 4. 37.5% 32.9% 167
4 804020 13.4% 10.0% 3 1.6 7.5% (1.5) 12.5% 12.3% 2 4 6 80 60.3% (30.0) 86.0% 84.6% 2 5 6 40 60.3% 6.2 13.8% 81.3% 1 20 60.3% 82.3% 1. 20 2. 3. 7.2% 7.5% 4. 56.2% 60.3% 168
5. 91.4% 60.3% 6. 80 40 2.9% 5.3% 5.2% 10 5.8% 0.9) 18.8% 18.7% 6.4% 6.3% 9 32.2% 31.9% 28.9% 20 169
(i) (i) (ii) (iii) (iv) 170
A A (ii) SCM 171
SCM 30 45 47 4245 (iii) 172
(iv) () 19,935 2,215 24,033 4789 21,781 26,957 23,627 29,663 25,473 31,981 27,318 34,297 GSPGSP GSP GSP 173
(i) (ii)(iii) 174
1 15 2 43 3 70 4 106 5 157 68 6 3 7 9 8 176 9 11 10 6 391 267 6 175
55 915116104 54 11 17 2 1. 3 3 3 53.5 2. 8040 20 3 3 3 16-127.6 1 3. 0.52.0 15 15 15 19.9 4 0.51.5 5 5 5 40.5 5. 4 4 4 149-161 6. 3 3 3 63-69.5 7. 50 X10 50 X6 7 7 7 22.4-33.7 8. 2 2 2 86.2-91.5 176
2 9. 12 12 12 22.7 10. 4 4 4 44.4 11. 0.2 X24 0.2 X36 5 5 5 38.2 56.5 1. 2. 48.7% 50.5% 48.2% 177
20.152.2 28.3 12.6% 29.8% 33.8% TXA2 93.5% 93.1% 93.4% 12.7 10.481,0008.0% 6.0% 0.2% 20 18.6% 19.8% 21.9% 178
6.66.4160,000 4.1% 3.6% 0.2% 0.5g 2012 34.1% 35.9% 32.8% 12.818.36.9 8.0% 10.4% 8.2% e 29.7% 28.3% 26.4% 9.412.98.2 5.9% 7.4% 9.8% 179
29.0% 30.1% 29.6% 13.1 10.05.7 8.2% 5.7% 6.8% 13.6% 14.2% 7.8% 7.8 6.82.2 4.9% 3.9% 2.6% 81.3% 71.7% 80.9% 180
4.6 9.24.3 2.9% 5.3% 5.2% 3.6% 4.7% 4.5% 3.76.93.7 2.3% 3.9% 4.4% 12.4% 6.5% 20.8% 181
10.4642,0004.0 6.5% 0.4% 4.8% 9.3% 6.2% 12.2% 1.72.9 1.0% 3.4% GSP GSP GSP (i)gsp GSP(ii)(iii) 182
GSP GSP BC B C GSP GSP (i) 502 (ii) 50 502 20 (iii) (iv) (v) 183
(i) (ii) (iii) (iv) (v) 184
AAAAA 8,146,8002.25g 185
GSP GSP : (1) 1,049,000 186
ph 1,062,000 1,062,000 (i) (ii) 298,000442 187
(2) 13,179 845,000 GSP GSP GSP 188
(i) (ii) (i) GMPGSP(ii) (iii) (iii) GSP 189
(iv) HIDC (i) 3%(ii) 3% 9 12 4 4 20105 8 GSP HIDC GSP GSP 190
50.1% 49.9% 191
3,000 11,174 20.7% 37.0%40.5% SCM100,000 10,000 SCM (i) (ii) 192
3702-03 3,523.8 193
3703 550,099 680,858 () 343.19 9,823,814 12,458,864 3702 () 620,000 786,303 366 366-1 367 368 194
45,873 376.78 56,774 3703 19,935 2,215 24,033 21,781 26,957 4789 23,627 29,663 25,473 31,981 27,318 34,297 42.64 42 1805 195
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0.40.4 0.2 (i) (ii) 197
AA5710087 A-ZJ11-067 011967 198
(i) (ii) (iii) A (i) A A 199
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(ii) 1. 111(1)15 201
2. 122 122 3. 122 Max Goodrich 202
(iii) (a) (b) (c) (d) (e) (f) (g) (h) (i) 11.06 203
20.33(3) 3703 550,099 5%1 20.33(3) 542 1805 0.1% 20.33(3) 204
36 36 37 59, BBS, MH 61 39 63 205
36 Max Goodrich 36 11.70% 7.60% 2,292 206
37 59 Max Goodrich 397 Hero Holding Limited 291AA 291AA(a) (b) (c) BBS, MH61 30 Wolverhampton PolytechnicUniversity of Wolverhampton 207
39 8325 8325 291AA 291AA(a)(b) (c) 63 566 8250 291 17.50(2) 208
39 29 39 Max Goodrich 29 209
D.3.1 (i) (ii)(iii) (iv) (v) (vi) C.3.3C.3.7C.3.8 (i) (ii) (iii) (iv) 210
(v) (vi) B.1.2 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) A.5.2 211
(i) (ii) (iii)(iv) 709,000729,000452,000 13 282,000418,000318,000 212
(i) (ii) 6A.19 213
(i) 18.03 (ii) (iii) (iv) (30) 214
Town Health (BVI) 31.20%Town Health (BVI) Town Health (BVI) 3 20% 50% 48% 14.63% 215
30% (a) (b) 50% 216
(i) (ii) (iii) (iv) 217
30% (a) (b) (c) (d) (e) 218
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221
1,000,000,000 10,000,000 21,000 210 280,000,000 2,800,000 519,979,000 5,199,790 800,000,000 8,000,000 IV. (1) 20% 222
(2) (i) (ii) (iii) 3. 10% 6. (i) (ii) 223
(iii) 3. 17.29 17.29 17.29 224
47 19117 1174275 18 93.2121.459.3 58.4% 69.4% 70.9% 225
159,686,000175,042,0009.6% 89,828,00083,672,000 6.9% 23,286,00038,993,000 67.5% 20,717,00018,455,000 10.9% 10,412,00015,327,00047.2% 11,491,0001,530,000 86.7% 226
7 91 227
4 228
229
137,691 86.2 151,242 86.4 77,929 86.8 70,586 84.4 10,243 6.4 14,501 8.3 7,733 8.6 6,256 7.5 10,032 6.3 6,636 3.8 2,380 2.6 4,355 5.2 1,720 1.1 2,663 1.5 1,786 2.0 2,475 2.9 159,686 100.0 175,042 100.0 89,828 100.0 83,672 100.0 86.2% 86.4% 84.4% 9.6% 6.9% 230
1117 % % % % 20,072 12.6 52,227 29.8 27,105 30.2 28,271 33.8 12,730 8.0 10,419 6.0 8,858 9.9 81 0.1 6,590 4.1 6,378 3.6 3,663 4.1 160 0.2 12,760 8.0 18,287 10.4 9,492 10.6 6,854 8.2 9,410 5.9 12,872 7.4 5,318 5.9 8,173 9.8 13,136 8.2 10,015 5.7 4,566 5.1 5,698 6.8 7,848 4.9 6,808 3.9 3,866 4.3 2,212 2.6 4,580 2.9 9,217 5.3 4,454 5.0 4,319 5.2 3,744 2.3 6,901 3.9 3,032 3.4 3,669 4.4 10,394 6.5 642 0.4 150 0.2 4,012 4.8 1,678 1.0 19 0.0 2,860 3.4 58,422 36.6 39,598 22.6 19,305 21.3 17,363 20.7 159,686 100.0 175,042 100.0 89,828 100.0 83,672 100.0 3% (i) 161.2% 41 60 37.6% 231
64.7% 2012 GMP 2.25g 1.5g2.25g 3,712,000 GMP 1.5g6,099,000 232
(ii) 20 8040 8040 2012 0.5g 2012 A 2,841,000 (i)(ii) (iii) 233
(%) (%) (%) (%) 119,283 87.5 118,340 87.0 60,052 86.9 55,946 85.8 7,699 5.6 11,142 8.2 5,735 8.3 5,018 7.7 7,741 5.7 3,967 2.9 1,638 2.4 1,920 2.9 1,677 1.2 2,600 1.9 1,686 2.4 2,333 3.6 136,400 100.0 136,049 100.0 69,111 100.0 65,217 100.0 0.3% 9.6%5.6% 6.9% (%) (%) (%) (%) 18,408 13.4 32,902 21.8 17,877 22.9 14,640 20.7 2,544 24.8 3,359 23.2 1,998 25.8 1,238 19.8 2,291 22.8 2,669 40.2 742 31.2 2,435 55.9 43 2.5 63 2.4 100 5.6 142 5.7 23,286 14.6 38,993 22.3 20,717 23.1 18,455 22.1 234
(i) 14.6% 22.3% (i) 9.8%161.2%6.2% 20,072,00052,227,00012.6% 29.8% (ii) 80 79.8% 73.3% 12,730,00010,419,000 8.0% 6.0%(iii) 139.8%50.6% 1,338,0004,223,000 0.8% 2.4% 1,679,000 235
(ii) 23.1% 22.1% 3,866,0002,212,00050.0% 35.4% 2,860,00065.7% 236
(i)(ii)(iii) (iv) (v) 299 135 84 150 63 166 397 1,243 212 472 (600) 428 159 1,544 296 1,050 A A A 5% 1,031,000 78 1518,645,000 6 472,000 428,000 237
(i)(ii)(iii)(iv) (v)(vi) (vii) 2,909,0003,112,000 1,355,000 1,633 1,558 597 680 133 344 115 108 214 301 147 164 167 154 83 56 147 89 50 56 474 538 207 219 141 128 38 72 2,909 3,112 1,237 1,355 (i)(ii) (iii)(iv) (v)(vi) 5,944,0006,635,0003,339,000 2,305 2,215 1,088 1,578 976 1,003 490 477 381 633 170 117 1,487 1,479 731 610 340 589 156 161 455 716 394 396 5,944 6,635 3,029 3,339 238
29.010.9 8.65.4 4.1 6.2 4.7 (i) (ii) 187,00038,0003,855,000 3,014,000 841,000 3239 6% 3,014,000 239
25% 15,258 22,185 16,747 5,538 25% 3,815 5,546 4,188 1,384 155 (508) (311) (64) (122) 245 2,296 35 2,237 82 101 48 66 1,057 (774) 1,049 443 4,846 6,858 5,256 4,008 31.8% 30.9% 31.4% 72.4% 31.8% 30.9% 72.4% 5.43.0 12 240
159,686 175,042 89,828 83,672 (136,400) (136,049) (69,111) (65,217) 23,286 38,993 20,717 18,455 159 1,544 296 1,050 (2,909) (3,112) (1,237) (1,355) (5,944) (6,635) (3,029) (3,339) 1,473 (620) (8,567) (5,418) (187) (38) (3,855) 15,258 22,185 16,747 5,538 (4,846) (6,858) (5,256) (4,008) 10,412 15,327 11,491 1,530 4,730 1,143 (1,222) 2,354 15,142 16,470 10,269 3,884 10,412 15,327 11,491 1,530 15,142 16,470 10,269 3,884 241
175,042,000 159,686,0009.6% 136,049,000 136,400,0000.3% 23,286,00015,707,000 67.5%38,993,00014.6% 22.3% 1,544,000 159,000871.1% 846,000 3,112,000 2,909,0007.0% 6,635,000 5,944,00011.6% 8,567,000 242
22,185,000 15,258,00045.4% (i) (ii) 6,858,000 4,846,00041.5% 15,327,000 10,412,00047.2% 83,672,000 89,828,0006.9% 65,217,000 69,111,0005.6% 20,717,000 2,262,00010.9% 18,455,00023.1% 22.1% 1,050,000 296,000254.7% 243
(i)260,000(ii) 428,000 1,355,000 1,237,0009.5% 3,339,000 3,029,00010.2% 5,418,000 3,855,000 3,014,000 5,538,000 16,747,00066.9% (i)(ii)5.4 (iii) 3.0 4,008,000 5,256,00023.7% 244
1,530,000 11,491,00086.7% 18,285 22,686 22,686 26,289 (96) (6,972) (5,948) 7,472 10,703 1,810 1,810 (1,853) (7,019) 8,575 3,290 11,483 3,588 3,413 (848) 17,102 813 190 (216) 406 22,686 26,289 21,622 43,797 245
96,000 16,196,00016,292,000 (i) 18,937,000(ii) 3,112,000(iii) 4,225,000 (i)6,299,000 (ii) 3,683,000 6,972,000 22,490,00029,462,000 (i) 14,573,000(ii) 2,847,000(iii) 3,723,000(iv) 6,886,000 7,472,000 9,009,0001,537,000 (i) 2,535,000(ii) 3,573,000(iii) 4,327,000 (i) 1.51,849,000 246
(ii) 1.01,232,000 (iii)4.37.7 (i)7 8,701,00089,944,000 51.961.432.5% 35.1% (a)(b)(c) (d) (e) 43.657.328.7 29.4 55.118.4% 31.5% 20.152.228.3 (ii) 22,486,000(iii) 9,905,000 12,350,000 2.25g 8,182,000 (iv) 8,567,000 247
A 878 8 71 8 3 7 2 1 248
1. 2. 3. 4. 5. 6. 8,500,000 5.13%12,000,000 6.0 5,000,00015,000,000 249
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7,019,000 (i)1,049,000 (ii)7,881,000(iii) 187,000 8,575,000 (i)12,000,000(ii) 3,872,000(iii) 4,876,000(iv) 38,000(v)2,383,000 11,483,000(i)16,736,000(ii) 554,000 (iii)841,000(iv)3,858,000 14,916 16,151 16,199 17,709 80,779 108,462 97,678 94,109 292 189 191 194 195 80 80 80 1,849 5,000 22,686 26,289 43,797 36,422 120,499 151,465 157,948 153,435 251
17,680 14,929 19,256 11,552 3,697 1,547 554 12,000 28,736 28,788 1,110 1,868 2,213 1,516 24,034 29,351 50,205 41,856 96,465 122,114 107,743 111,579 96,465,000122,114,000 107,743,000111,579,000 12 252
30 45 14,916 16,151 16,199 14,916,0008.3%16,151,000 16,199,000 (%) (%) (%) 90 14,224 95.4 16,001 99.1 11,092 68.5 90 365 689 4.6 150 0.9 5,107 31.5 365 3 0.0 14,916 100.0 16,151 100.0 16,199 100.0 253
1 90 91 (%) 6,090 6,090 37.6 4,727 4,727 29.2 0.5g 1,172 256 1,428 8.8 1,121 39 1,160 7.2 2,709 85 2,794 17.2 11,092 5,107 16,199 100.0 A A 47 42 45 365 183 20,574,000 254
4742 45 12,461,000 76.9% 4,012,000 7,586,000 52.9%A (i) 669,000214,000 (ii) (iii) GMP 20 4080 255
48,149 41,409 45,506 292 48,149 41,701 45,506 478 426 825 2,383 6,241 26,082 28,206 27,792 5,957 35,778 17,052 113 260 262 32,630 67,053 52,172 80,779 108,754 97,678 (i) 48,149,00013.4%41,701,000 45,506,000 256
30 90 180 90 (%) (%) (%) 0 30 18,965 39.4 20,790 49.9 21,764 47.8 31 60 17,521 36.4 19,642 47.1 20,700 45.5 61 90 2,621 5.4 396 0.9 2,156 4.7 91 180 4,253 8.8 873 2.1 886 2.0 180 4,789 10.0 48,149 100.0 41,701 100.0 45,506 100.0 39.4% 36.4% 303160 49.9% 47.1% 303160 47.8% 45.5% 30 3160 43,348,000 95.3% 107 94 95 365183 45,109,000 257
107 9495 180 18090 265 10%22 10% 12,299,000 7.7% 248 10%16 10% 944,000 0.5% 180 97,000 4,789,000873,000 886,000 90 120 258
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1 A A 2 8 3 9 4 5 11.0 10 6 7 4,834,0005,957,000 13,500,00017,052,000 261
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27.3% 32.7% 34.4% 8,000,000 8(i) 80% 40 (ii)(iii) (ii) 5 78,701,000 29.4 55.133.218.4% 31.5% 39.4%20.152.2 28.3 12.6% 29.8% 33.8% 7 263
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3,512 13,417 15,308 6,282 6,161 6,282 A 1,669 1,479 1,479 3,588 A 3,300 25 B 114 746 51 34 1,168 830 413 21,163 22,692 22,003 26,082,000 28,206,000 27,792,000 2% 20,072,000 52,227,000 160.2% 266
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Max Goodrich Max Goodrich 3.340 A2 Max Goodrich I-3
A2 2410 I-4
A. 8 159,686 175,042 89,828 83,672 (136,400) (136,049) (69,111) (65,217) 23,286 38,993 20,717 18,455 9 159 1,544 296 1,050 (2,909) (3,112) (1,237) (1,355) (5,944) (6,635) (3,029) (3,339) 20 1,473 (620) (8,567) (5,418) 10 (187) (38) (3,855) 15,258 22,185 16,747 5,538 11 (4,846) (6,858) (5,256) (4,008) 12 10,412 15,327 11,491 1,530 4,730 1,143 (1,222) 2,354 15,142 16,470 10,269 3,884 10,412 15,327 11,491 1,530 15,142 16,470 10,269 3,884 I-5
16 6,885 5,668 7,635 17 8,638 8,521 8,562 18 616 621 632 19 8,616 16,404 21 21 24,755 14,810 33,233 22 14,916 16,151 16,199 23 80,779 108,462 97,678 2,383 6,241 23 292 17 189 191 194 24 80 80 80 25 1,849 25 22,686 26,289 43,797 120,499 151,465 157,948 2,383 6,241 26 17,680 14,929 19,256 1,113 2,690 26 3,697 24 1,547 554 24 9,837 17,127 27 12,000 28,736 1,110 1,868 2,213 24,034 29,351 50,205 10,950 19,817 96,465 122,114 107,743 (8,567) (13,576) 121,220 136,924 140,976 (8,567) (13,576) 28 3,297 2,531 2,699 117,923 134,393 138,277 (8,567) (13,576) 29 164 164 164 29A 117,759 134,229 138,113 (8,567) (13,576) 117,923 134,393 138,277 (8,567) (13,576) I-6
164 75,203 3,113 3,772 20,529 102,781 4,730 4,730 10,412 10,412 4,730 10,412 15,142 (243) 243 1,461 (1,461) 164 75,203 4,574 8,259 29,723 117,923 1,143 1,143 15,327 15,327 1,143 15,327 16,470 (983) 983 3,191 (3,191) 164 75,203 6,782 9,402 42,842 134,393 2,354 2,354 1,530 1,530 2,354 1,530 3,884 985 (985) 164 75,203 7,767 11,756 43,387 138,277 164 75,203 4,574 8,259 29,723 117,923 (1,222) (1,222) 11,491 11,491 (1,222) 11,491 10,269 (983) 983 1,459 (1,459) 164 75,203 5,050 7,037 40,738 128,192 10% I-7
15,258 22,185 16,747 5,538 (696) (1,378) (296) (622) 187 38 3,855 1,468 1,430 720 570 185 190 94 96 23 9 9 600 620 24 16 20 (428) (1,473) 16,196 22,490 17,294 9,009 6,299 (1,141) 3,946 (48) (18,937) (14,573) (10,537) (2,535) (292) (610) 292 (3,112) (2,847) (9,395) 4,327 3,683 (3,723) (3,683) 4,129 (86) (2,985) 11,045 (4,225) (6,886) (2,963) (3,573) (96) (6,972) (5,948) 7,472 20 13,564 537 522 299 135 84 150 (600) (620) (628) (174) (123) (2,525) (1,849) 1,849 1,849 10,703 1,810 1,810 (1,853) I-8
(7,881) (4,876) (894) (187) (38) (841) 1,049 3,872 3,290 340 (2,383) (3,858) 12,000 16,736 (7,019) 8,575 3,290 11,483 3,588 3,413 (848) 17,102 18,285 22,686 22,686 26,289 813 190 (216) 406 22,686 26,289 21,622 43,797 I-9
1. Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda582-592 10 1001 2. Max Goodrich Max Goodrich (48%) (20.08%) (11.7%) (6%)(8.22%) Festive Mood Group LtdFestive Mood(6%) Max Goodrich (a) Max Goodrich (b) (c) 100,00010,000,0000.01 (d) Max Goodrich Festive Mood Festive MoodMax Goodrich (i) Max Goodrich 20,999 Festive Mood 10,0794,2162,4571,260 1,7271,260Festive Mood(ii) I-10
3. 9 7 9 2 10 1 1227 9 2 32 1 36 1 39 1 1 21 1 2 9 9 9 9 39 9 9 39 9 9 I-11
36 36 13 13 36 4. I-12
39 36 36 I-13
I-14
I-15
I-16
I-17
5. 4 48,149,00041,409,00045,506,000 14,916,00016,151,000 16,199,00023,00032,00032,000 6. 27 I-18
7. 7a. 87,337 103,848 122,839 (14,920) (20,887) (36,158) (9,837) (17,127) 7b. (i) 12,000 18,000 I-19
3%3% 3% 3% 270 405 (ii) 32 86% 92% 87% 80% 71% 67% 59% 80% 79% I-20
% 7,396 2,280 9,676 9,676 3,697 3,697 3,697 1,547 1,547 1,547 8,943 3,697 2,280 14,920 14,920 % 7,214 1,119 8,333 8,333 554 554 554 6.0 61 116 12,505 12,682 12,000 7,829 116 13,624 21,569 20,887 I-21
% 348 7,074 7,422 7,422 6.45 155 304 29,512 29,971 28,736 503 304 36,586 37,393 36,158 % 9,837 9,837 9,837 17,127 17,127 17,127 7c. 8. (i) (ii) (iii) (iv) 4 I-22
137,691 10,243 10,032 1,720 159,686 18,408 2,544 2,291 43 23,286 159 (2,909) (5,944) 1,473 (620) (187) 15,258 151,242 14,501 6,636 2,663 175,042 32,902 3,359 2,669 63 38,993 1,544 (3,112) (6,635) (8,567) (38) 22,185 I-23
77,929 7,733 2,380 1,786 89,828 17,877 1,998 742 100 20,717 296 (1,237) (3,029) 16,747 70,586 6,256 4,355 2,475 83,672 14,640 1,238 2,435 142 18,455 1,050 (1,355) (3,339) (5,418) (3,855) 5,538 I-24
23 23 9 9 9 9 10% A 1 2 40,289 21,434 21,594 B 1 16,190 19,001 9,166 8,905 C 1 39,793 37,478 21,123 13,336 D 1 2 2 2 9,255 1 2 10% I-25
9. 299 135 84 150 63 166 397 1,243 212 472 (600) 428 159 1,544 296 1,050 10. 38 841 187 3,014 187 38 3,855 11. 3,789 7,632 4,207 3,565 28 1,057 (774) 1,049 443 4,846 6,858 5,256 4,008 25% I-26
15,258 22,185 16,747 5,538 25% 3,815 5,546 4,188 1,384 155 (508) (311) (64) (122) 245 2,296 35 2,237 82 101 48 66 1,057 (774) 1,049 443 4,846 6,858 5,256 4,008 28 I-27
12. 709 729 362 452 2,847 2,639 1,243 1,638 382 398 218 168 3,938 3,766 1,823 2,258 118 143 28 31 1,468 1,430 720 570 185 190 94 96 878 1,031 484 592 24 16 20 (428) 136,400 136,049 69,111 65,217 23 9 9 600 (299) (135) (84) (150) I-28
13. (a) 1 272 28 300 2 200 28 228 3 156 25 181 4 628 81 709 1 277 32 309 2 202 30 232 3 162 26 188 4 641 88 729 1 138 15 153 2 101 15 116 3 80 13 93 4 319 43 362 1 171 17 188 2 135 16 151 3 100 13 113 4 406 46 452 I-29
1 2 3 4 (b) 256 390 158 300 26 28 13 18 282 418 171 318 1,000,000 14. Max Goodrich 15. 2 I-30
16. 4,509 1,139 388 4,704 10,740 70 50 508 628 (500) (338) (838) 190 53 18 213 474 4,199 1,262 456 5,087 11,004 97 4 73 174 (313) (313) 36 10 4 44 94 4,235 1,056 464 5,204 10,959 32 2,493 2,525 (1,890) (1,890) 68 18 7 88 181 4,303 1,106 471 5,895 11,775 120 526 244 1,884 2,774 114 199 84 1,071 1,468 (101) (176) (277) 6 28 13 107 154 139 753 341 2,886 4,119 109 136 64 1,121 1,430 (297) (297) 2 5 2 30 39 250 597 407 4,037 5,291 55 60 5 450 570 (1,796) (1,796) 4 10 7 54 75 309 667 419 2,745 4,140 3,994 439 52 3,150 7,635 3,985 459 57 1,167 5,668 4,060 509 115 2,201 6,885 I-31
5% 20% 33% 10% 33% 10% 20% 12,887,00012,697,00012,750,000 17. 189 191 194 8,638 8,521 8,562 8,827 8,712 8,756 8,827 8,712 8,756 18. I-32
19. 8,000,0009,440,000 20 5 15,000,000 18,645,000 6 3,014,000 11,699 14,573 35,778 3,048 22,167 13,783 (1,206) (2,426) (14,138) (3,014) 397 1,243 472 635 221 575 14,573 35,778 33,456 5,957 35,778 17,052 8,616 16,404 14,573 35,778 33,456 I-33
1,031,000 20. 12,091,000 11,250,00013,564,000 1,473 21. 604 604 604 (604) (604) (604) 616 616 616 (600) (600) (600) (16) (16) (16) 50.1% I-34
50.1% 50.1% 50.1% 600,000 1,239 1,246 1,270 (1,245) (1,256) (1,282) (1,238) (4) (4) (3) (1,238) (4) (4) (3) I-35
(6) (10) (12) 50.1% 50.1% 50.1% 22. 14,916 16,151 16,199 23. 48,149 41,409 45,506 292 478 426 825 2,383 6,241 26,082 28,206 27,792 5,957 35,778 17,052 113 260 262 80,779 108,754 97,678 30 90180 90 0 30 18,965 20,790 21,764 31 60 17,521 19,642 20,700 61 90 2,621 396 2,156 91 180 4,253 873 886 180 4,789 48,149 41,701 45,506 I-36
4,789,000873,000886,000 195103121 91 180 873 886 180 4,789 4,789 873 886 I-37
24. (I) a 33 33 33 33 33 33 a 24 24 24 24 24 24 a 23 23 23 23 23 23 80 80 80 80 80 80 b (360) c (1,187) (554) (1,547) (554) (a) (b) (c) (II) Max Goodrich 25. 0.01% 1.35% 0.01% 1.35% 0.01% 1.35% 0.01% I-38
26. 7,396 7,214 6,854 3,697 2,280 1,119 568 2,473 1,003 1,472 4,919 3,773 6,339 213 345 498 399 1,475 3,525 21,377 14,929 19,256 0 30 4,350 1,807 1,360 31 60 12 4,195 61 90 7 1,212 90 6,724 5,494 11,093 7,214 6,854 30 60 19 23 27. 10,736 12,000 18,000 12,000 28,736 12,000 28,736 I-39
6% 6.9% 28. 2,217 1,057 23 3,297 955 (1,729) 8 2,531 443 (319) 44 2,699 5%10% 1,729,000 2,032,0002,435,0002,699,000 2,032,000403,000264,000 5% 29. 100,000 10,000,0000.01 Max Goodrich Max Goodrich I-40
Max Goodrich 1 50,000 50 21,000 21 164 29A. (8,567) (8,567) (5,009) (13,576) 30. 5%1,000 1,250 463,000486,000 261,000214,000 31. 12,887,00012,697,00012,750,000 1,849,000 I-41
32. (i) 1,018,000 1,249,000(ii) 50,000 61,000(iii) 33. 878,0001,031,000592,000 510 1,028 1,073 1,520 1,815 1,322 2,030 2,843 2,395 34. 1,605 1,619 1,645 I-42
35. (I) 700 681 325 340 187 (II) 24 (III) 628 641 319 406 81 88 43 46 709 729 362 452 I-43
B. 988,000 C. (a) (b) 32 (c) D. I-44
(A) 7.31 1 2 3 0.25 138,277 54,985 193,262 0.24 1. 2. 0.25280,000,000 3. 12 800,000,000 II-1
(B) A A 7.31 7 7 7.31(7) II-2
3420 7.317 II-3
(a) (b) (c) 7.31 II-4
161-167 2102 3679-3890 3579-0884 III-1
8 III-2
III-3
582-592 10 1001 9 III-4
(%) 1 3702 12,400,000 100 12,400,000 2 366 366-1 367 368 12,400,000 12,400,000 3 3703 4 4789 5 42 1805 6 8A 15J 7 582-592 10 1001 12,400,000 12,400,000 III-5
1 3702 41 37 343.19 12,400,000 100% 12,400,000 (1) 10889632 343.19 (2) (2010) 02045422.7 (3) 9,823,814 (4) 12,510,000 (5) (i) (ii) (6) 33,000 37,000 36,000 III-6
(1) 749 27,710,000 36,996 (2) 384 12,670,000 32,995 (3) 384 12,750,000 33,203 III-7
2 366 366-1 367 368 41 (1) 620,000 (2) 840,000 3 190,000290,000 210,000 (3) (i) (ii) III-8
3 3703 41 37 376.78 550,098.8 (i) (ii) III-9
4 4789 5 2 2,215 261,370 (i) (ii) III-10
5 42 1805 19 18 42.64 III-11
6 8A 15J 29 15 155.19 50.1%49.9% (1) (2) III-12
7 582-592 10 1001 23 10 391 Utmost Vantage Limited 14,000 (1) Utmost Vantage Limited (2) UB1812848 (3) 13082800390020Asia Ascent Limited (4) Asia Ascent Limited 16,200 III-13
1. 42A 2. (a) (i) IV-1
(ii) (iii) (iv) (v) (vi) IV-2
(aa) (bb) (cc) IV-3
(dd) (ee) (vii) IV-4
(viii) (14) IV-5
(ix) (b) (c) (i) (ii) IV-6
(iii) (iv) (v) (vi) (vii) (d) (e) (21)(10) (95%) IV-7
(21)(10) (f) IV-8
(g) 15 (h) (21) IV-9
(i) (21)(20) (21)(10)(e) (14)(10) (j) IV-10
(30) (k) (l) (m) IV-11
(i) (ii) (a) (b) (n) IV-12
(o) (20%) (14) (20%) (p) IV-13
(q) (r) 4(e) (s) (t) (i) (ii) (iii) IV-14
(u) 3. (21) 95%(21) 4. (a) IV-15
(i) (ii) (aa) (bb) (iii) (b) IV-16
(c) (i) (ii) (iii)(i)(ii) 42A (d) (i)(ii) 54 IV-17
(e) (f) IV-18
(g) (i) (ii)(iii) (5) IV-19
(21) (7) (h) (21) (7) (15) (i) IV-20
(j) (k) (l) (20%)(a) 12 (b) IV-21
(c)98(2)(c) (m) (2) (14) (2) 87A (n) IV-22
5. Conyers Dill & Pearman IV-23
I. 1. 582-59210 1001 582-59210 1001 2. 100,00010,000,0000.01 990,000,000 100,00010,000,000 (i) (ii)20,999max Goodrich Max GoodrichMax Goodrich21,0001 10,079 4,216 2,457 1,727 1,260 Festive Mood Group Ltd 1,260 10,000,0001,000,000,000 V-1
8,000,000800,000,000 200,000,000 4 3. (a) 990,000,000100,000 10,000,000 (b) (i) Max Goodrich(ii) Max Goodrich Chau Kai Man(iii) Max Goodrich Max Goodrich(1) Max Goodrich 20,999 (2) (i) Max Goodrich20,999(ii) (c) (d) (A) (B) (i) V-2
(ii) (iii) 5,199,790 519,979,000 (e) (i)(ii) (iii) (iv) (v) 20% (i) (ii) V-3
(iii) (f) 10% (i) (ii) (iii) (g) (e) 10% 4. 5. 6. V-4
(a) (i) (ii) (b) 800,000,000 80,000,000 (i) (ii) (iii) (c) V-5
(d) (e) 26 V-6
31.20% 80,000,00010% 34.67% II. 1. (a) 65,000,000 (b) (i) Max Goodrich(ii) Max GoodrichChau Kai Man(iii) (i)max Goodrich 10,080(ii) Max Goodrich 4,216(iii) Max Goodrich 2,457(iv) Max Goodrich 1,727 (v) Max Goodrich 1,260(vi)Festive Mood Group Ltd Max Goodrich 1,260(1) Festive Mood Group Ltd 10,0794,2162,4571,7271,2601,260 (2) (c) (d) (e) V-7
2. (a) Max Goodrich 5 35 42 302393938 Max Goodrich 5 35 42 302393929 (b) Max Goodrich www.newraymedicine.com III. 1. (i) 352 V-8
5.465.67 1 147,160,000 2 18.40% 1 147,160,000 2 18.40% 60,840,000 2 7.60% 1. 147,160,000 104,396,19042,763,810 2. (ii) 10% 1 Town Health (BVI)1 1 249,600,000 2 249,600,000 2 249,600,000 2 31.20% 31.20% 31.20% V-9
1. Town Health (BVI) Town Health (BVI) Town Health (BVI)249,600,000 2. 2. 5% 3. (i) (ii) 10,00010,00010,000120,000 (iii) (iv) 16,00012,000 10,000 V-10
72,000 72,00072,000 4. (i) 709,000729,000 (ii) 988,000 (iii) 5. (a) (b) (c) (d) V-11
IV. 3 1. 2. 2.1 2.2 2.3 2.4 V-12
2.5 2.6 2.7 2.8 6 3. 3.1 (i) (ii) 3.2 3.3 30 V-13
4. 4.1 3 16 4.2 4.3 (i)(ii) (iii) (iv) (v) 4.4 5. 5.1 910 V-14
5.2 (i) (ii) 5.3 10 5.4 1.00 5.5 V-15
5.4 5.4 5.6 5.7 5.8 5.56 6. 11 (a) (b) (c) 7. 7.1 V-16
7.2 7.3 12 11 28 7.3 (a) 8(f) 7.2 V-17
(b) 8(f) 7.3 (c) (d) (e) (f) (c) 7.3(d) 21 (d) (e) 7.3(c) (d) V-18
(f) 7.4 V-19
7.5 8. (a) 4.114 (b) 7.3(a) 7.3(a) (c) 7.3(b) (c) (d) 7.3(d) 7.3(d) (e) 7.3(e)7.3(e) (f) V-20
8(f) (g) (h) 7.1 (i) 15 8 9. 9.1 9.2 (a) 9.1(b) 9.1(c) 10% 10% (b) 9.1(a) 10% 10% V-21
(c) 10% 9.2 9.111 30% 10. 10.1 (a) 10.1(b) (c) (d) 1% (b) 10.1(a) 1% V-22
(c) 910.1(a) 10.1(b) (d) 910.1(a) 10.1(b) (i) 0.1% (ii) 5,000,000 10 10 V-23
10.2 9.1 9.2 10.1 9.1 9.2 10.1 11. (i) (ii) 23.03(13) 23.03(13) V-24
12. 13. 14. 14.1 (a) 1.1 (b) 4.1 5.1 5.2 5.36 7 8 9 10 1114 (c) 23.03 14.2 14.3 23 14.4 V-25
15. 9 16. 80,000,000 V. 1. 698 V-26
111 (a) (b) (i) (ii) (iii) (c) (d) V-27
111(1) 122 ii 2. 3. 4. 45,842 5. 6. 1 6 V-28
Conyers Dill & Pearman Wong, Joyce N.Y. 7. Conyers Dill & Pearman Wong, Joyce N.Y. 8. 44A 44B 9. 10. (a) (i) (ii) (iii) (iv) (b) V-29
(c) Conyers Dill & Pearman Wong, Joyce N.Y. (i) (ii) (d) (e) (f) (g) (h) 24 11. 32L4 V-30
(i) (ii) 1 26 (a) (b) (c) (d) (e) (f) (g) Conyers Dill & Pearman (h) (i) (j) VI-1
(k) (l) (m) Wong, Joyce N.Y. VI-2