2898 2016

2 3 4 8 11 21 30 32 33 34 36 37 39 94 1 2016

122 FCCA, CPA Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands. 9 3007A-B 11 5 Conyers Dill & Pearman Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands. Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House, 24 Shedden Road, George Town, Grand Cayman KY1-1110, Cayman Islands. 183 22 www.longruntea.com 2898 2016 2

3 2016

256,439,000 15.1% 217,659,00099,460,000 23.8%75,789,000 94,233,000 37.2% 59,138,00042,366,000 23.4%32,438,000(i) (ii)(iii) (iv) 175,466,000 6,501,000 18,811,000 2,414,000 203,877,000(i) 175,466,000 (ii) 18,811,000 0.17 14.07 85.5% 14.5% 27,442,000 17,564,000 168,814,000 189,173,000 77.6% 73.8% 2016 4

500 80,000 25 48,845,000 67,266,000 22.4% 26.2% 8.2% 6.5% 100%52,000,000 5 2016

1.6% 6.9% 7.0% 7.3% 18.3% (1)(2) 320,920,000 334,714,000 209,391,000 246,989,000 93,295,000 113,093,000 226,152,000 241,538,000 749,000 175,000 43% 50% 413 784 2016 6

7 2016

52 69 42 University of La Verne 44 Western University 2016 8

57 53 1513 600859 600185 300134 40 51 002412 9 2016

46 47 University of Strathclyde 47 2016 10

E.1.2 A. A1. 11 2016

A2. 3.10 3.10A A3. 2016 12

A4. A5. A.6.5 13 2016

A6. 6/6 1/1 1/1 0/1 0/1 6/6 1/1 0/1 0/1 6/6 0/1 0/1 6/6 1/1 1/1 6/6 2/2 1/1 1/1 0/1 1/1 2/6 0/2 0/1 0/1 0/1 0/1 2/6 2/2 1/1 1/1 0/1 0/1 2/6 0/1 0/1 0/1 0/1 A7. A8. D.3.1 (i)(ii) (iii) (iv)(v) 2016 14

B. (www.hkexnews.hk) B1. B2. B.1.2(c)(ii) A6 15 2016

B2. B.1.5 500,000 1,000,000 1 1,000,001 1,500,000 2 7 B3. A.5.6 2016 16

B3. A6 B4. 3.10(2) A6 17 2016

C. D. E. 15 F. 1,030,000 315,000 1,345,000 2016 18

G. www.longruntea.com 1222 2201 9 3007A-B (852) 3904 3464/(852) 2955 1887 ird@longruntea.com E.1.2 19 2016

H. (1) 58 (2) 88 2016 20

1 36 3293 94 12 21 2016

37 111,192,000 334,000 87% 34% 36% 13% 55.59% 82%13% 82% 13% 5% 2016 22

87 26(a) 23 2016

28 33 28 33 352 + 805,804,500 55.59% 43,895,500 3.03% 1,100,000 0.08% 16,880,000 1.16% + 2016 24

XV 352 336 5% + 1 805,804,500 55.59% 110,000,000 7.59% 100,000,000 6.90% 2 764,215,000 52.72% True Promise Investments Limited 2 764,215,000 52.72% Excel Precise International Limited 2 764,215,000 52.72% 1. 2. Excel Precise International Limited True Promise Investments Limited25% 73.5% True Promise Investments LimitedTrue Promise Investments Limited Excel Precise International Limited + 336 25 2016

25% 26(a) 17 26(a) 14A Winlead Investment LimitedWinlead 90% 10% Winlead 52,000,000 2016 26

(1) 97% 3% (i) 10%(ii) 10% 190,000,000 148,000,000166,000,000186,000,000 110,121,000 190,000,000 33(a) 27 2016

(2) 85.5% 14.5% ) 28,000,000 34,000,00040,000,000 27,442,00034,000,00033(a) (a) (b)(c) 3000 740 2016 28

18322 29 2016

3293 2016 30

1 22 31 2016

4 217,659 256,439 (141,870) (156,979) 75,789 99,460 4 8,208 9,618 84 452 28 18,811 (59,138) (94,233) (32,438) (42,366) 14 (4,884) (6,501) (175,466) 6 (16) (22) 5 4,799 (207,441) 9 (2,385) 3,564 2,414 (203,877) 2,414 (203,877) 11 0.17 (14.07) 0.17 (14.07) 2016 32

2,414 (203,877) (7,886) 560 (9,914) (17,800) 560 (15,386) (203,317) (15,386) (203,317) 33 2016

12 3,504 21,193 13 5,360 3,504 26,553 17 3,816 31,079 18 49,387 41,260 19 58,145 15,386 181 20 156,338 165,053 20 53,053 81,936 320,920 334,714 21 28,455 35,996 22 55,958 60,651 23 293 175 33(b) 644 1,803 33(b) 7,945 12,978 1,490 93,295 113,093 227,625 221,621 231,129 248,174 2016 34

23 456 4,521 6,259 24 377 4,977 6,636 226,152 241,538 25 72,476 72,476 27 153,676 169,062 226,152 241,538 35 2016

27 27 72,476 252,319 300 4,098 25,944 89,718 444,855 (203,877) (203,877) 560 560 560 (203,877) (203,317) (4,098) 4,098 2,364 (2,364) 72,476 252,319* 300* 2,364* * 26,504* (112,425)* 241,538 2,414 2,414 (7,886) (7,886) 28 (9,914) (9,914) (17,800) 2,414 (15,386) (2,364) 2,364 72,476 252,319* 300* * 8,704* (107,647)* 226,152 * 153,676,000 169,062,000 2016 36

4,799 (207,441) 4 (16) 28 (18,811) 6 16 22 4 (4,104) (6,213) 4 (79) 5 4,665 16,072 5 139 143 5 116,920 5 1,805 38,362 5 20,184 5 (84) (452) 14 4,884 5 4,730 413 5 122 5 (272) (347) 5 3,399 1,151 (3,596) (16,397) (2,377) (5,787) (20,755) 1,495 993 3,258 3,742 (261) (119) 11,329 (15,068) 11,243 (8,239) (1,788) 235 (5,212) (36,880) (3,675) (667) (1,959) (9,554) (38,839) 6,201 5,777 (4,137) (8,710) 84 796 249 16 28 (17,640) 8,715 20,186 (6,777) 18,314 37 2016

(318) (264) (5,033) 2,027 (16) (22) (5,367) 1,741 (21,698) (18,784) 81,936 100,363 (7,185) 357 53,053 81,936 20 22,680 51,798 20 30,373 30,138 53,053 81,936 2016 38

1. 200 100 10 * 100,000 100 100,000 100 100,000 100 1 100 2 100 **^ 31,580,900 100 1 100 25,000 100 1 100 1 100 39 2016

1. 1 100 1 100 ** 47,000,000 100 **^ 10,000,000 100 **^ 18,600,000 100 1 100 ** 8,000,000 100 * 1,000,000 ** ^ 2016 40

2.1 (a) (b) (c) (i) (ii) (iii)(i) (ii) (iii) 41 2016

2.2 19 (a) (b) 19 8 8 16 38 24 2016 42

2.2 (c) 33 1313 9 39 13 13 403 40 622 43 2016

2.3 9 2 10 5 28 10 1 12 28 11 1 14 3 15 2 16 4 1 1 16 1 38 16 1 41 27 1 1 1 2 3 4 5 9 39 9 9 10 28 10 28 11 3 11 2016 44

2.3 1515 15 1515 1515 16 16 17 1616 1 (i) (ii) (iii) (iv) 1 16 38 16 38 45 2016

2.4 2016 46

2.4 47 2016

2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (a) (a)(i) 2016 48

2.4 5% 20% 20% 20% 30% 30% 49 2016

2.4 2016 50

2.4 39 (a) (b) 51 2016

2.4 2016 52

2.4 53 2016

2.4 2016 54

2.4 (a) (b) (c) (d) (e) 55 2016

2.4 26 2016 56

2.4 57 2016

2.4 2.5 24 2016 58

2.5 3. (a) (b) 59 2016

3. (a) 48,845 168,814 217,659 1,078 3,026 4,104 49,923 171,840 221,763 (5,896) 1,001 (4,895) 18,811 4,104 (1,805) 84 (11,484) (16) 4,799 52,880 61,776 114,656 156,338 53,053 181 196 324,424 1,731 79,243 80,974 749 16,549 98,272 3,287 6,769 10,056 (172) (100) (272) 3,815 989 4,804 * 2,966 2,063 5,029 2016 60

3. (a) 67,266 189,173 256,439 233 3,044 3,277 67,499 192,217 259,716 (2,941) (19,282) (22,223) (38,362) (38,362) (20,184) (20,184) (116,920) (116,920) 6,213 452 129 (16,524) (22) (207,441) 61,206 52,870 114,076 165,053 81,936 202 361,267 29,842 66,784 96,626 377 1,490 175 21,061 119,729 1,289 275 1,564 (144) (203) (347) 3,679 17,420 21,099 * 1,210 7,500 8,710 * 61 2016

3. (b) (i) 207,139 238,937 6,031 8,854 4,489 8,648 217,659 256,439 (ii) 2,483 25,775 1,021 778 3,504 26,553 27,442,000 10% 10% 2016 62

4. 217,659 256,439 1,997 2,225 16 4,104 6,213 1,460 165 192 455 920 8,208 9,539 79 8,208 9,618 63 2016

5. 135,823 152,353 12 4,665 16,072 13 139 143 15,470 19,380 1,030 1,030 7 38,007 49,279 1,117 1,786 39,124 51,065 * 3,399 1,151 # (113) @ 18 4,730 413 @ 12 1,805 38,362 @ 14 20,184 @ 15 116,920 @ 122 @ 18 (272) (347) (84) (452) 4 (79) ^ (1,460) (165) 28 (18,811) * # @ ^ 2016 64

6. 16 22 7. 383(1)(a) (b) (c) (f) 2 288 288 288 288 5,126 5,127 48 47 5,174 5,174 5,462 5,462 (a) 72 72 72 72 72 72 72 72 288 288 65 2016

7. (b) 2,322 18 2,340 1,950 1,950 606 18 624 248 12 260 5,126 48 5,174 2,322 18 2,340 1,950 1,950 607 18 625 248 11 259 5,127 47 5,174 2016 66

8. 7 3,434 3,406 54 53 3,488 3,459 1,000,000 1 1 1,000,0011,500,000 2 2 3 3 9. (461) 2,912 2,758 (490) 610 24 (37) (6,471) 2,385 (3,564) 67 2016

9. % % % (2,866) 7,665 4,799 (473) 16.5 1,918 25.0 1,445 30.1 (1,324) (17.3) (1,324) (27.6) (490) (6.4) (490) (10.2) (2,525) 88.1 (531) (6.9) (3,056) (63.7) 3 (0.1) 1,959 25.6 1,962 40.9 (21) 0.7 (21) (0.4) 10% 2,175 28.4 2,175 45.3 2,987 (>100) 3,795 49.5 6,782 >100 29 (1.0) (5,117) (66.8) (5,088) >100 2,385 31.1 2,385 49.7 % % % (17,174) (190,267) (207,441) (2,834) 16.5 (47,565) 25.0 (50,399) 24.3 1,615 (0.8) 1,615 (0.8) (461) 2.7 610 (0.3) 149 (0.1) (158) 0.9 (3) (161) 0.1 42,351 (22.3) 42,351 (20.4) 5% 1,500 (0.8) 1,500 (0.7) 3,110 (18.1) 3,589 (1.9) 6,699 (3.2) (118) 0.7 (5,200) 2.7 (5,318) 2.5 (461) 2.7 (3,103) 1.6 (3,564) 1.7 2016 68

9. 15% 10. 11. 2,414,000 203,877,000 1,449,520,000 1,449,520,000 69 2016

12. 30,119 5,044 4,102 725 16,118 3,296 59,404 (16,167) (1,254) (2,506) (666) (14,647) (2,971) (38,211) 13,952 3,790 1,596 59 1,471 325 21,193 13,952 3,790 1,596 59 1,471 325 21,193 75 1,378 1,519 162 1,315 580 5,029 (122) (122) 28 (12,037) (430) (1,361) (809) (162) (571) (15,370) (1,476) (1,510) (488) (27) (776) (388) (4,665) (1,805) (1,805) (514) (97) (74) (48) (14) (9) (756) 1,204 1,192 32 1,076 3,504 2,957 1,998 725 1,101 2,342 9,123 (1,753) (806) (693) (1,101) (1,266) (5,619) 1,204 1,192 32 1,076 3,504 2016 70

12. 34,945 46,175 15,070 4,046 15,203 5,818 2,081 2,913 126,251 (15,029) (17,488) (6,423) (1,876) (13,790) (4,833) (59,439) 19,916 28,687 8,647 2,170 1,413 985 2,081 2,913 66,812 19,916 28,687 8,647 2,170 1,413 985 2,081 2,913 66,812 105 3,532 3,137 44 882 775 235 8,710 (85) (8) (93) (1,756) (9,023) (3,759) (31) (827) (676) (16,072) 2,922 (2,922) (4,367) (22,332) (6,448) (2,130) (762) (2,088) (235) (38,362) 54 89 27 6 3 3 7 9 198 13,952 3,790 1,596 59 1,471 325 21,193 30,119 5,044 4,102 725 16,118 3,296 59,404 (16,167) (1,254) (2,506) (666) (14,647) (2,971) (38,211) 13,952 3,790 1,596 59 1,471 325 21,193 809,000 71 2016

13. 5,500 5,629 5 (139) (143) 28 (5,153) (208) 14 5,500 (140) 5,360 14. 12,461 35,397 47,858 (12,461) (35,397) (47,858) 2016 72

14. 12,461 35,397 47,858 (5,934) (16,856) (22,790) 6,527 18,541 25,068 6,527 18,541 25,068 (1,272) (3,612) (4,884) 5 (5,255) (14,929) (20,184) 12,461 35,397 47,858 (12,461) (35,397) (47,858) 73 2016

15. 116,920 5 (116,920) 16%3% 117,000,000 12,000,000 20,184,000 38,362,000 (i) (ii) (iii) 2016 74

16. 341 (341) 341,000 17. 3,162 2,613 149 12,344 95 8,796 187 4,112 223 3,214 3,816 31,079 18. 54,072 41,557 60 505 54,132 42,062 (4,745) (802) 49,387 41,260 60180 75 2016

18. 7,910 11,448 28,511 24,148 12,966 5,664 49,387 41,260 30,100 26,047 17,321 15,209 1,966 4 49,387 41,260 802 736 5 4,730 413 5 (272) (347) (515) 4,745 802 4,745,000 802,000 4,745,000 802,000 4,860,000 7,293,000 2016 76

19. 312 5,000 57,833 10,386 58,145 15,386 90% 10% 49,825,000 52,000,00010%2,175,000 20. 22,680 51,798 30,373 30,138 53,053 81,936 5,743,000 29,012,000 77 2016

21. 90 5,932 30,958 20,614 3,243 1,383 361 526 1,434 28,455 35,996 1,313 1,244 11,636 11,676 5,991 1,821 8,935 2,098 1,144 27,875 17,983 97% 3% 77% 23% 2016 78

22. 29,907 29,856 22,548 26,755 3,503 4,040 55,958 60,651 1,136,000 656,000 23. 311 180 293 175 311 302 155 154 777 180 749 175 (28) (5) 749 175 (293) (175) 456 79 2016

24. 6,846 9 (6,471) 2 377 9 (37) 28 (326) (14) 203,899 187,842 196 1,003 204,095 188,845 175,398,000 157,446,000 28,501,000 30,396,000 2016 80

24. 10% 5% 66,693,000 91,938,000 25. 5,000,000,0000.05 250,000 250,000 1,449,520,000 1,449,520,000 0.05 72,476 72,476 26 81 2016

26. (a) 144,952,000 10% 1% 0.1% 5,000,000 2810 10 (i) (ii) (iii) 2016 82

26. (b) 1 50,000,000 0.4 4,000,000 0.4 (4,000,000) 27. 83 2016

28. 90% 10%52,000,000 241,000 12 15,370 13 5,153 26,470 8,170 3,682 2,192 17,881 (18,870) (15,763) (898) 283 24 (326) 43,344 (9,914) 5 18,811 52,241 52,000 241 52,241 2016 84

28. 241 (17,881) (17,640) 29. 892,000 30. 31. (a) 173 208 922 988 1,095 1,196 85 2016

31. (b) 38,126 12,855 140,353 25,380 27,471 58,771 205,950 97,006 32. 31(b) 25,008 2016 86

33. (a) (i), (v) 27,442 17,564 (iii), (v) 29,701 27,198 (iii), (v) 34,123 20,013 (iii), (v) 5,258 (iv), (v) 891 2,524 (ii), (v) 45,406 56,664 110,121 111,657 (iv), (v) 512 526 (i) (ii) (iii) (iv) (v) 85.5% 14.5% 97% 3% 77% 23% 14A (b) (i) (ii) 90% 10% 87 2016

33. (c) 11,916 12,295 185 188 12,101 12,483 34. 35. 2016 88

36. % 2.55 5,015 (2.55) (5,015) 47.2% 27.7% 89 2016

36. 28,455 28,455 26,051 26,051 644 644 7,945 7,945 311 311 155 777 63,406 311 155 63,872 35,996 35,996 30,795 30,795 1,803 1,803 12,978 12,978 180 180 81,752 81,752 2016 90

36. 98,272 119,729 226,152 241,538 43.5% 49.6% 91 2016

37. 16 21 136,884 137,470 136,900 137,491 69,051 75,586 180 181 77 77 69,308 75,844 5,991 9,586 9,056 6,963 12,005 22,540 21,061 46,768 54,783 183,668 192,274 72,476 72,476 111,192 119,798 183,668 192,274 2016 92

37. 252,319 46,999 4,098 (193,017) 110,399 (4,098) 13,497 9,399 252,319 46,999 (179,520) 119,798 (8,606) (8,606) 252,319 46,999 (188,126) 111,192 38. 93 2016

217,659 256,439 286,514 271,215 344,258 4,799 (207,441) 15,138 6,145 60,891 (2,385) 3,564 (230) (5,223) (28,294) 2,414 (203,877) 14,908 922 32,597 2,414 (203,877) 14,908 6,397 36,028 (5,475) (3,431) 2,414 (203,877) 14,908 922 32,597 324,424 361,267 591,623 561,046 539,931 (98,272) (119,729) (146,768) (130,975) (122,824) 3,177 226,152 241,538 444,855 430,071 420,284 2016 94