(i) Z-DO(ii) Aigle International S.A. AIGLE (iii)57.5% (iv) Lotto Sport Italia S.p.A. Lotto(v) Kason 2 6 8 12 16 24 62 76 82 86 92 109 111 113 114 115 116 117 118 178

1989 1990 8 1992 7 1993 1996 7 1998 3 1999 ERP 2000 9 2001 2002 2003 E-POS 2004 6 2331 2004 8 2004 11 2005 1 NBA 2

2005 4 2005 2005 6 MSCI 2005 7 AIGLE 2005 11 2006 1 NBA(Damon Jones) NBA 2006 3 ATP 2006 4 2005 2006 5 2006 9 if2006 2006 10 irun 2006 12 2007 1 2006 2007 3 2006 CCTV 2007 4 2006 2006 8 NBA (Shaquille O Neal) 3

2007 4 2007 4 Z-DO 2007 6 2007 9 (Ivan Ljubicic) 2007 11 2007 2007 12 2007 if2007 2008 3 2008 7 Lotto20 2008 8 2008 10 2008 2008 11 NBA(Baron Davis) 2008 12 2009 1 2008 CCTV 2009 3 (Elena Isinbayeva) 2009 4 2009 5 4

2009 7 2009 8 CCTV 60 60 2009 10 2009 WFP 2009 if 2009 12 2010 5 2009 NBL 2010 3 (Andreas Thorkildsen) 2010 5 2010 7 Make the change 2010 9 SKINS NBA (Evan Turner) 2010 10 (Asafa Powell) 2010 12 (Marin Cilic) 2010 2 5

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 2804-5 +852 3102 0926 +852 3102 0927 8 101111 +8610 8080 0808 +8610 8080 0000 6

Butterfield Fulcrum Group (Cayman) Limited Butterfield House 68 Fort Street P.O. Box 609 Grand Cayman KY1-1107 Cayman Islands 183 17 1712-1716 7

9,478,527 8,386,910 6,690,073 4,348,747 3,180,543 1,546,775 1,341,896 960,213 609,855 402,518 1,509,514 1,283,130 929,238 618,532 401,153 1,108,487 944,524 721,267 473,606 294,846 (EBITDA) 1,759,192 1,524,911 1,070,516 681,764 438,407 2,368,205 2,215,895 1,518,985 607,052 276,476 4,193,587 3,161,975 2,817,944 2,173,799 1,888,809 2,371,642 1,864,928 2,086,843 977,429 688,452 1,821,945 1,297,047 731,101 1,196,370 1,200,357 6,561,792 5,377,870 4,336,929 2,780,851 2,165,285 4,190,150 3,512,942 2,250,086 1,803,422 1,476,833 3,369,302 2,674,508 1,896,413 1,744,601 1,399,490 47.3% 47.3% 48.1% 47.9% 47.4% 11.7% 11.3% 10.8% 10.9% 9.3% EBITDA 18.6% 18.2% 16.0% 15.7% 13.8% 105.84 90.75 69.63 45.83 28.65 104.39 89.61 68.64 45.09 28.25 42.12 36.12 49.67 22.85 11.44 36.7% 41.3% 39.6% 30.1% 23.0% 225.25 153.65 138.44 157.63 127.00 8

9,478,527 8,386,910 944,524 1,108,487 6,561,792 6,690,073 721,267 4,336,929 5,377,870 3,180,543 4,348,747 294,846 473,606 2,780,851 2,165,285 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 225.25 1,896,413 2,674,508 3,369,302 69.63 90.75 105.84 127.00 157.63 138.44 153.65 1,744,601 1,399,490 28.65 45.83 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 9

12

30% 13

14

15

16

1. 17

2. DNA 3. DNA 18

4. 5. 19

6. 2011-2012 46-47% 16-17% 7.5-8% 20

7. 21

24

25

(%) 9,478,527 8,386,910 13.0 4,481,599 3,969,864 12.9 1,546,775 1,341,896 15.3 (EBITDA)1 1,759,192 1,524,911 15.4 1,108,487 944,524 17.4 2 105.84 90.75 16.6 (%) 47.3 47.3 (%) 16.3 16.0 (%) 25.0 24.5 (%) 11.7 11.3 (%) 36.7 41.3 (%) 7.5 7.5 (%) 15.1 15.4 (%) 2.6 2.7 3 52 53 4 52 47 5 71 70 2010 2009 (%)6 89.1 94.1 (%)7 9.3 9.7 339.04 273.92 1. (EBITDA) 2. 3. 365 4. 365 5. 365 6. 7. * 26

2,550 270 3,154 134 1,629 178 1 3,154 134 3,288 2 2,550 270 2,820 3 1,629 178 1,807 7,333 582 7,915 1. 2. 3. 27

9,478,527,00013.0% Lotto (%) 3,829,982 40.4 3,473,889 41.4 10.3 4,383,625 46.2 3,787,648 45.2 15.7 520,687 5.5 431,726 5.1 20.6 8,734,294 92.1 7,693,263 91.7 13.5 458,291 4.8 427,088 5.1 7.3 458,291 4.8 427,088 5.1 7.3 Lotto 23,578 0.3 25,642 0.3 (8.0) 63,132 0.7 47,335 0.6 33.4 3,718 0.0 3,178 0.0 17.0 90,428 1.0 76,155 0.9 18.7 * 59,079 0.6 56,813 0.7 4.0 95,628 1.0 95,079 1.1 0.6 40,807 0.5 38,512 0.5 6.0 195,514 2.1 190,404 2.3 2.7 3,912,639 41.3 3,556,344 42.4 10.0 4,542,385 47.9 3,930,062 46.9 15.6 1,023,503 10.8 900,504 10.7 13.7 9,478,527 100.0 8,386,910 100.0 13.0 * AIGLEZ-DOKason 92.1%8,734,294,000 13.5% 7.3% Lotto 18.7% AIGLE 28

Revenue growth Z-DOKason 83.8 86.6 (2.8) 14.8 12.4 2.4 1.4 1.0 0.4 100.0 100.0 (%) 1 3,315,843 38.0 3,016,914 39.2 9.9 2 3,691,274 42.2 3,168,568 41.2 16.5 3 1,608,181 18.4 1,427,876 18.6 12.6 118,996 1.4 79,905 1.0 48.9 8,734,294 100.0 7,693,263 100.0 13.5 1. 2. 3. 29

275,391,000 263,985,000 39.9% 38.2% 4,996,928,000 4,417,046,00047.3% 47.3% 4,539,574,000 3,960,625,000 48.0% 48.5% Lotto 58,234,000 55,526,00035.6% 27.1%Lotto Lotto 2,511,175,000 2,152,150,000 26.5%25.7% 2,244,156,000 1,973,612,000 25.7% 1,292,024,000 1,191,152,000 8.5% 30

58,153,000 36,009,00012.7% 8.4%4.3 Lotto 139,312,000 91,973,000Lotto 20 19,690,000 19,690,000 393,798,000 555,102,000 19,690,00032,392,000 52,082,000 Lotto Lotto 618,280,000 602,929,0006.5% 7.2% 540,209,000 522,566,0006.2% 6.8% 31

7.3% (EBITDA) 1,759,192,000 1,524,911,000 15.4% 1,767,187,000 1,502,344,000 17.6% 55,265,000 56,703,00012.1% 13.3% Lotto 4,824,000 5,569,000Lotto5.3% 92,098,000 89,792,0002.6% 7.3% Lotto 91,749,00056,935,000 32

37,261,000 58,766,0000.4% 0.7% 32,392,000 30,414,000 377,378,000 313,799,000 25.0% 24.5% 1,108,487,000 944,524,000 17.4%11.7% 11.3%0.4 36.7%41.3% 115,082,000 72,526,000 1,382,0001,184,000 33

990,895,000 1,306,668,000 1,470,435,000 206,092,000 990,895 (268,675) (63,203) (465,463) (31,568) 55,238 (11,132) 206,092 1,469,750,000 312,248,000 9.3% 9.7% 34

24,239,000 29,799,000 15,442,000 39,324,000 35

36

LN Make the change (Athletic Pro) (Urban Sports) (Brand Heritage) (Crossover) 37

2010 19 2008 (Andreas Thorkildsen) (Asafa Powell) (Asafa Powell) TOP LIST (Elena Isinbayeva) NBA (Evan Turner) (Baron Davis) (Shaquille O Neal) Jose Calderon) Hasheem Thabeet)NBA Marin Cilic) Ivan Ljubicic) ATP1000 38

(Espanyol) (Malaga) 60 39

2010 2010 (CCTV-5) irun10 RUNiRUN irun (http://www.irun.cn) irun Run for Joy irun10 10 12 10 6 FUNRUN 12,000iRUN 40

(NBL) NBL 18 NBL Inner Shine 200 Inner Shine 2010 Yoga Workshop 41

(Ivan Ljubicic) (Marin Cilic) 99,000 24119122 42 (CUFL) 42

/ / NBL ATP 13 Pliskova 43

7,915666 (%) 1 3,288 3,071 7.1 2 2,820 2,545 10.8 3 1,807 1,633 10.7 7,915 7,249 9.2 7,333 582 9038 (%) 7,333 6,854 7.0 582 395 47.3* 7,915 7,249 9.2 1. 2. 3. * 44

www.e-lining.com) Lotto Z-DOKason 45

46

(Athletic Pro) (Athletic Pro) 35 (Elena Isinbayeva) (Andreas Thorkildsen) (Asafa Powell) NBA (Baron Davis)BD Doom (Shaquille O Neal)G-Shark (Jose Calderon) V (Evan Turner) (Hasheem Thabeet) (Ivan Ljubicic) (Marin Cilic) 47

RazineiF Design Award China 20102010 if if 48

SKINS LI-NING SKINS UPF 50+ LI-NING SKINS AT AT ATCool ATDry ATDry Smart3D ATWarm 3D ATCool ATCool ATCool ATCool AT ATDry Smart ATDry ATBacteria ATCool ATProof Wind ATProof Rain ATProof Storm ATUV ATWarm 49

DNA Lucky Line 521 Urban Sports 19 Eco-circle 50

5 57.5% 17 5023 NEO 80% 30 400 N NEO EO 80% 51

LOTTO Lotto Lotto Lotto Lotto Lotto Lotto Lotto Lotto 52

AIGLE AIGLE AIGLE AIGLE AIGLE Kason Kason Kason Kason Kason AIGLE 53

Z-DO Z-DO Z-DO Z-DO 54

4,215 4,432 2,1002,248 2,1152,184 50 55

12% 56

57

2012 58

59

62

76 78 3.10(1) 3.10(2) 63

Stuart Schonberger Stuart Schonberger 64

65

66

25 67

Stuart Schonberger1 2 1. Stuart Schonberger 2. 68

3,900,000 4,050,000 1,029,000 1,386,000 109 110 Committee of Sponsoring Organisations of the Treadway CommissionCOSO (i)(ii) (iii) 69

(1) COSO (i) (ii) (iii) (2) 70

(3) 72 (4) (i) (ii) (iii) (5) (6) 71

CSA 70 COSO 72

(i) (ii) 73

2804-5 20 74

Corporate Governance Asia Class of 2010 The Best of Asia The AssetThe Assets Corporate Awards 75

76 48 21 Loughborough University (WFP)WFP 42 19 43 19

47 Actis ActisGovernment of Singapore Investment Corporation Pte. Ltd. GIC Special Investments Pte. Ltd. International Finance Corporation University College of London University of Strathclyde 59 Mettler-Toledo International Inc. University of Minnesota Roosevelt University 53 Beiersdorf Aktiengesellschaft Avon Products, Inc. (Procter & Gamble)19 University of Chicago 54 77

Amex2020 ChinaCap Acquirco, Inc. University of California, Berkeley 55 20 Maryland University, College Park University of Lancaster 53 31 41 @ 47 Ohio University 78

46 University of California, Berkeley 40 39 42 39 Stuttgart Institute of Management and Technology 37 15 42 79

43 17 47 15 University of WollongongUniversity of Technology, Sydney 43 14 43 15 39Lotto Lotto 45 80

41 Middlebury College 54 30 46AIGLE AIGLE 59 40 81

The AssetCorporate Awards Titanium Wall Street Journal Asia 200 ARC Silver 82

MERCURY Awards Honours 83

2010 2009 2 2 14 215 10 95 12 124 8 59 9 5 4 3 1 0 68 92 52 32 22 32 4 2 1 1 www.lining.com www.irasia.com/listco/hk/lining www.li-ning.com 84

2331 500 1,052,800,836 17,350,158,000 22.15 19.97 http://www.lining.com http://www.irasia.com/listco/hk/lining http://www.li-ning.com 258 200023 +8621 2326 7366 +8621 2326 7492 investor@li-ning.com.cn * * * 85

86

87

1,600 (Elena Isinbayeva) 14 88

89 89 89 8 Eco-Circle Eco-Circle Eco-Cut V 400,000 CFW 50

Z-DOKason (i) Lotto (ii) AIGLE 10 11 19.9722.54 183 17 1712-1716 669,559,000 677,936,000 15 16 114 22.1513.58 92

6.0 5.5 23.2 23.3 8.0 10.0 26.3 31.0 5% 312,248,000: 259,970,000 20 6 15 8 9 665,000 2,874,000 93

Stuart Schonberger 87 76 81 49,646,000 42,309,000 94

Alpha Talent Alpha Talent Alpha Talent35,250,000 Alpha TalentAlpha Talent 31 16,219,000 1.8275 15% 1 2 1.8275 863,000 (862,000) 1 (1,000) 863,000 (862,000) (1,000) 1. 27.45 2. 95

1 (a) (b) (c) 30% 10% 98,606,20098,606,200 59,655,632 5.7% 12 96

1% 15 3.685 730,000 730,000 8.83 208,000 208,000 17.22 121,600 121,600 11.37 4,519,400 4,519,400 13.18 688,500 688,500 17.22 51,400 (34,266) (1) 11.37 263,400 (52,680) (2) 17,134 210,720 Stuart Schonberger 16 3.685 246,000 (246,000) (3) 8.83 90,000 (90,000) (4) 17.22 51,400 (17,133) (5) 11.37 263,400 (52,680) (6) 16 16 (34,267) 16 (210,720) 16 17.22 34,267 34,267 11.37 263,400 (52,680) (7) 210,720 17.22 51,400 51,400 11.37 263,400 263,400 97

98 15 3.685 82,000 82,000 8.83 60,000 60,000 17.22 51,400 51,400 11.37 263,400 263,400 3.685 164,000 164,000 8.83 90,000 90,000 17.22 51,400 51,400 11.37 263,400 263,400 8.83 90,000 (90,000) (8) 17.22 51,400 51,400 11.37 263,400 263,400 3.685 3,041,668 (1,744,168) (9) 5.50 13,500 (13,500) (10) 8.83 849,496 (407,997) (11) 17.22 2,249,633 (539,171) (12) (4,000) 1,293,500 441,499 (163,927) 1,546,535 10.94 133,200 (40,500) 92,700 11.37 7,749,000 (953,800) (13) 21.87 5,071,600 (199,260) (14) (877,100) 5,918,100 (486,016) 4,386,324 17 9.84 300,000 300,000 18 19.68 350,000 350,000 17.22 300,000 300,000 21.87 300,000 300,000 17 29,634,064 (4,493,335) (1,816,530) 23,324,199

1. 27.33 2. 28.95 16. Stuart Schonberger Schonberger Schonberger 3. 21.25 17. 4. 21.25 5. 21.25 6. 21.25 7. 24.40 8. 24.35 1/3 1/3 1/3 9. 25.24 18. 10. 29.70 11. 26.08 12. 25.80 13. 26.70 14. 25.90 1/3 1/3 1/3 15. 17 18(i) (ii) 1,027,795,001 2%20,555,900 99

3,123,600 39,509,0001,481,195 160,978 8,258,066 0.8% 15.32 3,334 (3,334) 18.96 334,932 (322,758) (12,174) 19.90 6,000 (6,000) 20.85 22,000 (22,000) 26.75 333,334 (333,334) 23.90 5,334 (2,666) 2,668 16.70 1,634,672 (782,436) (138,204) 714,032 11.30 13,333 (6,667) 6,666 21.55 6,000 (2,000) 4,000 23.30 2,074,600 (10,600) 2,064,000 23.30 1,000,000 1,000,000 16.62 49,000 49,000 2,358,939 3,123,600 (1,481,195) (160,978) 3,840,366 18 100

XV352 * 325,820,184 1 30.948 638,334 1(c) 0.061 11,338,400 2 1.078 688,500 3 0.065 443,100 4 0.042 398,100 5 0.038 349,100 6 0.033 605,100 7 0.057 605,100 8 0.057 441,100 9 0.042 * 1,052,800,836 1. Victory Mind Assets LimitedVictory MindDragon City Management (PTC) LimitedDragon CityAlpha Talent 325,820,184 (a) 173,374,000Victory MindVictory Mind Ace Leader Holdings LimitedAce LeaderJumbo Top Group LimitedJumbo Top 57% 38% Ace LeaderEquity Trust Company (Cayman) Ltd. Jun Tai TrustJun Tai Trust Jun Tai TrustVictory Mind173,374,000 Jun Tai Trust Victory Mind Ace Leader (b) 150,000,000Dragon CityThree-River Unit TrustCititrust (Cayman) LimitedPalm 2008 Trust Gingko 2008Trust60% 40% Palm 2008 Trust Gingko 2008 Trust Dragon City 60% Dragon City150,000,00060% Dragon City (c) 2,446,184Alpha TalentAlpha TalentAlpha Talent2,446,184 Alpha Talent Alpha Talent2,446,184638,334 Alpha Talent35,250,000 Alpha Talent35,117,9001,675,750 32,803,816638,334 101

2. 5,745,0002,495,000 3,250,000Smart Step Management LimitedSmart Step Smart Step 100%Smart Step 3,250,000Smart Step 3.685730,0008.83 208,00017.22121,600 11.374,519,400 14,400 3. 13.18688,500 4. 209,146 17.2217,134 11.37210,720 6,100 5. 147,013102,013 45,000 17.2234,267 11.37210,720 6,100 6. 28,200 17.2251,400 11.37263,400 6,100 7. 142,200 3.68582,000 8.8360,000 17.22 51,40011.37263,400 6,100 8. 30,200 3.685 164,000 8.8390,000 17.22 51,40011.37263,400 6,100 9. 120,200 17.2251,400 11.37263,400 6,100 XV7 8 XV 352 102

336 5% * 325,820,184 1 30.948 638,334 2 0.061 323,374,000 3 30.716 Victory Mind Assets Limited 173,374,000 4 16.468 Ace Leader Holdings Limited 173,374,000 5 16.468 Jumbo Top Group Limited 173,374,000 6 16.468 Equity Trust Company (Cayman) Ltd. 173,374,000 7 16.468 Dragon City Management 150,000,000 8 14.248 (PTC) Limited Cititrust (Cayman) Limited 150,000,000 9 14.248 JPMorgan Chase & Co. 116,009,130 10 11.019 3,062,889 10 0.291 39,966,241 10 3.796 Genesis Asset Managers, LLP 98,020,000 9.310 Commonwealth Bank of Australia 94,470,000 11 8.973 The Capital Group Companies, Inc 73,603,800 12 6.991 * 1,052,800,836 1. 1 2. 1(c) 103

3. Victory Mind Dragon City 323,374,000 (a) 173,374,000 Victory MindVictory Mind Ace Leader Jumbo Top57% 38% Jumbo Top Equity Trust Company (Cayman) Ltd.Yuan Chang Trust Yuan Chang Trust Yuan Chang TrustVictory Mind173,374,000 Yuan Chang Trust Victory Mind Jumbo Top 10. JPMorgan Chase & Co.116,009,1304,126,389 3,062,889 71,916,50039,966,241 11. Commonwealth Bank of Australia 12. The Capital Group Companies, Inc. (b) 150,000,000Dragon CityThree-River Unit Trust Cititrust (Cayman) Limited Palm 2008 Trust Gingko 2008 Trust60% 40%Palm 2008 Trust Gingko 2008 Trust Dragon City 40% Dragon City150,000,000 Dragon City 336 4. 1(a)3(a) 5. 1(a)3(a) Ace Leader Victory Mind 173,374,000 6. 1(a)3(a) Jumbo Top Victory Mind 173,374,000 7. 1(a)3(a) Equity Trust Company (Cayman) Ltd. Victory Mind173,374,000 8. 1(b)3(b) 9. 1(b)3(b) Cititrust (Cayman) Limited Dragon City 150,000,000 (1) (2) 104

A 21,500,000 100,000,000 100,000,000 57.5% A (1) (2) 5% A A 105

(1) (2) DHSG 33% 50% DHSG (2) DHSG 0.1%2.5% A DHSGDHSG (1) DHSG DHSG 106

1. 1,597 6,000 * 2. 2,756 4,700 1. * 4,306 14,000 (1) (2) (3) (4) 3000 2. 74 1,000 (1) * (2) (3) (4) 107

33(a) 33(b) 33 A 13.51B(1) 25% 62 75 108

111 177 109

110

6 720,578 638,181 7 380,550 386,705 8 814,080 869,911 21 297,860 193,109 2.9(b) 46,930 13 108,207 127,989 2,368,205 2,215,895 9 805,598 631,528 12 1,612,690 1,069,404 13 302,819 194,446 14 2,045 2,254 14 1,470,435 1,264,343 4,193,587 3,161,975 6,561,792 5,377,870 15 111,364 110,898 15 293,988 243,553 15 (64,508) (53,239) 16 346,647 332,378 16 213,827 236,049 2,467,984 1,804,869 3,369,302 2,674,508 190,080 187,603 3,559,382 2,862,111 111

19 482,936 496,812 21 85,508 90,401 22 62,324 63,618 630,768 650,831 17 1,190,960 826,433 18 646,024 570,780 19 70,666 59,330 151,744 148,415 20 312,248 259,970 2,371,642 1,864,928 3,002,410 2,515,759 6,561,792 5,377,870 1,821,945 1,297,047 4,190,150 3,512,942 118 177 112

10 439,615 376,956 13 1,495 1,495 585,843 593,110 14 26,978 11,779 614,316 606,384 1,053,931 983,340 15 111,364 110,898 15,16 213,827 236,049 455,732 441,887 780,923 788,834 18 720 796 20 272,288 193,710 273,008 194,506 1,053,931 983,340 341,308 411,878 780,923 788,834 118 177 113

5 9,478,527 8,386,910 23 (4,996,928) (4,417,046) 4,481,599 3,969,864 23 (2,511,175) (2,152,150) 23 (618,280) (602,929) 24 194,631 127,111 1,546,775 1,341,896 26 14,917 7,422 26 (52,178) (66,188) (37,261) (58,766) 1,509,514 1,283,130 27 (377,378) (313,799) 1,132,136 969,331 1,108,487 944,524 23,649 24,807 1,132,136 969,331 28 105.84 90.75 28 104.39 89.61 29 443,395 377,486 118 177 114

1,132,136 969,331 1,222 (28) 1,133,358 969,303 1,109,709 944,496 23,649 24,807 1,133,358 969,303 118 177 115

1,896,413 192,535 2,088,948 944,496 24,807 969,303 16 65,901 65,901 15 23,978 23,978 15 (335) (335) 16 (255,945) (255,945) (23,319) (23,319) (6,420) (6,420) 2,674,508 187,603 2,862,111 2,674,508 187,603 2,862,111 1,109,709 23,649 1,133,358 16 53,677 53,677 15 36,380 36,380 15 (39,509) (39,509) 16 (465,463) (465,463) (22,532) (22,532) 1,360 1,360 3,369,302 190,080 3,559,382 118 177 116

30 1,474,588 1,649,776 (483,693) (343,108) 990,895 1,306,668 (112,318) (16,273) (6,420) (188,872) (140,058) (3,250) (64,907) (80,224) (67,183) (46,930) 3,671 9,010 7,507 7,422 64,697 (324,371) (309,757) (465,463) (255,945) (31,568) (18,290) 36,380 23,978 1,360 382,320 457,880 (327,082) (805,250) (39,509) (335) (10,891) (24,954) 209 103,421 (454,244) (519,495) 212,280 477,416 1,264,343 788,040 (6,188) (1,113) 1,470,435 1,264,343 118 177 117

1. 3 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 2. 2.1 4 1 1 2 3 27 39 17 1 717183638 39 2 3 5 8 9 16 118

2. 2.1 32 1 7 9 24 14 19 1 27 34 3 7 13 119

2. 2.2 (a) 2.7 2.8 (b) 120

2. 2.2 (c) 2.8 2.3 2.4 (a) (b) (c) i. ii. iii. 121

2. 2.5 20 40 2 2 10 18 3 12 2.8 2.6 20 50 122

2. 2.7 (a) (b) 2 20 (c) (d) 10 20 3 8 123

2. 2.8 2.9 (a) (i) 2.11 2.12 (ii) (b) 124

2. 2.10 2.11 2.12 2.13 2.14 125

2. 2.15 2.16 2.17 126

2. 2.18 (a) (b) (c) 127

2. 2.19 2.20 (a) 90 128

2. 2.20 (b) (c) (d) 2.21 2.22 2.23 2.24 129

3. 3.1 (a) (i) 14 5% 5% 15,046 11,987 5% (15,046) (11,987) (ii) 5.32%5.17%1.23% 2.04%20 130

3. 3.1 (b) * A 325,007 271,550 B 216,364 264,025 C 198,506 186,350 739,877 721,925 * 90 30 131

3. 3.1 (c) 20 313,518 73,495 62,575 140,252 779,700 1,190,960 371,484 1,949,457 62,575 140,252 779,700 264,089 61,923 67,616 146,720 822,000 826,433 395,257 1,547,702 67,616 146,720 822,000 272,655 720 273,375 195,909 796 196,705 132

3. 3.2 312,248 259,970 3,369,302 2,674,508 9.3% 9.7% 3.3 4. 133

4. (a) 2.7 8 (b) (c) 2.11 (d) 5. 5% Lotto Lotto 8,734,294,000458,291,00090,428,000195,514,000 7,693,263,000427,088,00076,155,000190,404,000 134

5. Lotto 8,734,294 459,352 177,652 232,037 9,603,335 (1,061) (87,224) (36,523) (124,808) 8,734,294 458,291 90,428 195,514 9,478,527 1,602,602 71,865 (111,941) (15,751) 1,546,775 2,784,365 113,418 144,136 87,536 3,129,455 164,585 20,233 20,192 7,407 212,417 7,693,263 429,448 114,396 220,037 8,457,144 (2,360) (38,241) (29,633) (70,234) 7,693,263 427,088 76,155 190,404 8,386,910 1,360,526 73,435 (76,913) (15,152) 1,341,896 2,496,178 92,712 97,542 68,647 2,755,079 141,817 16,357 19,978 4,863 183,015 135

5. 1,546,775 1,341,896 14,917 7,422 (52,178) (66,188) 1,509,514 1,283,130 9,313,357 8,258,873 165,170 128,037 9,478,527 8,386,910 10% 136

6. 507,063 45,749 83,994 36,290 123,436 4,648 801,180 (42,184) (20,287) (46,356) (8,833) (54,215) (171,875) 464,879 25,462 37,638 27,457 69,221 4,648 629,305 464,879 25,462 37,638 27,457 69,221 4,648 629,305 2,092 25,817 34,527 10,245 31,220 4,417 108,318 2,180 534 2,714 2,424 220 1,660 (4,304) (303) (442) (3,955) (1,208) (1,946) (7,854) (16,303) (21,541) (28,420) (4,351) (23,687) (94,302) 452,789 29,296 39,790 34,543 77,002 4,761 638,181 506,015 63,927 101,550 46,342 151,084 4,761 873,679 (53,226) (34,631) (61,760) (11,799) (74,082) (235,498) 452,789 29,296 39,790 34,543 77,002 4,761 638,181 452,789 29,296 39,790 34,543 77,002 4,761 638,181 8,581 65,233 70,163 19,015 33,262 8,946 205,200 323 146 240 (709) (2,545) (3,910) (188) (1,512) (8,155) (23,565) (25,792) (35,072) (5,173) (25,046) (114,648) 438,128 66,192 70,971 48,343 83,946 12,998 720,578 515,029 120,491 146,331 65,665 178,115 12,998 1,038,629 (76,901) (54,299) (75,360) (17,322) (94,169) (318,051) 438,128 66,192 70,971 48,343 83,946 12,998 720,578 10,436,000 11,415,000 7 44,725,000 32,480,00036,779,000 32,604,00033,144,000 29,218,000 24,239,000 29,799,000 20 137

7. 330,688 (5,924) 324,764 324,764 70,041 (8,100) 386,705 400,729 (14,024) 386,705 386,705 3,250 (9,405) 380,550 403,979 (23,429) 380,550 20 50 126,696,000 129,476,000 15,442,000 39,324,000 20 138

8. 106,839 95,314 46,740 142,250 391,143 (4,646) (17,773) (39,689) (62,108) 106,839 90,668 28,967 102,561 329,035 106,839 90,668 28,967 102,561 329,035 226 20,610 466,509 487,345 72,387 21,537 37 41,339 135,300 (1,156) (1,156) (8,090) (9,618) (59,300) (3,605) (80,613) 179,226 104,341 38,840 509,770 37,734 869,911 179,226 117,077 66,231 608,759 41,339 1,012,632 (12,736) (27,391) (98,989) (3,605) (142,721) 179,226 104,341 38,840 509,770 37,734 869,911 179,226 104,341 38,840 509,770 37,734 869,911 1,161 21,922 13,314 36,397 (72) (72) (6,838) (12,335) (63,784) (5,407) (88,364) (3,792) (3,792) 179,226 94,872 48,355 459,300 32,327 814,080 179,226 118,238 88,081 622,072 41,339 1,048,956 (23,366) (39,726) (162,772) (9,012) (234,876) 179,226 94,872 48,355 459,300 32,327 814,080 139

8. 5.3% 6.7% 17.29% 15.63% 9. 23,552 36,062 24,857 24,191 872,271 643,801 920,680 704,054 (115,082) (72,526) 805,598 631,528 4,713,032,000 4,131,797,000 42,556,000 4,375,000 140

10. 79,568 79,568 292,495 241,106 67,552 56,282 439,615 376,956 RealSports Pte Ltd. 1,000 100% 1 100% 100 100% 8,000,000 100% 2,000,000 100% 141

10. 3,000,000 100% 3,000,000 100% 1,000,000 100% 8,241,000 100% 50,000,000 100% 1,000 100% 3,006 100% 10,000,000 100% 10,000,000 100% 142

10. 2,750,000 100% 3,200,000 100% 3,000,000 100% 1,000,000 100% 1,000,000 100% 5,000,000 100% 5,000,000 100% 3,500,000 100% 1,000,000 100% 143

10. 1,000,000 100% 1,000,000 100% 1,500,000 100% 1,000,000 100% 20,000,000 100% 1,000,000 100% 1,000,000 100% 1,000,000 100% 1,000,000 100% 144

10. 1,000,000 100% 3,000,000 100% 1,000,000 100% 10,000,000 100% 500,000 100% 20,000,000 100% 112,000,000 57.5% 15,900,000 57.5% 2,000,000 57.5% 145

10. 15,000,000 43.1% 500,000 57.5% 200,000,000 100% 19,577,000 100% 1 100% 10,000 100% 20,021,699 100% 146

11. 50%Aigle International S.A. AIGLE 50% 3,038 2,734 16,302 15,411 19,340 18,145 6,011 22,939 14,734 22,939 20,745 (3,599) (2,600) 23,137 16,560 (24,223) (18,488) (1,086) (1,928) 147

12. 1,613,155 1,028,017 917 42,571 1,614,072 1,070,588 (1,382) (1,184) 1,612,690 1,069,404 901,455,532,000 1,027,215,000 157,158,000 42,189,00091 180 30 813,082 506,049 31 60 344,873 314,897 61 90 297,577 206,269 91 180 157,158 42,189 181 365 387 1,000 365 995 184 1,614,072 1,070,588 1,382,000 1,184,000 148

12. 1,184 5,305 474 (2,279) (276) (1,842) 1,382 1,184 13. 10,426 14,263 47,137 68,350 109,516 55,084 198,315 172,067 3,302 2,471 42,330 10,200 1,495 1,495 411,026 322,435 1,495 1,495 (108,207) (127,989) 302,819 194,446 1,495 1,495 149

14. 1,470,435 1,105,343 26,978 11,779 159,000 1,470,435 1,264,343 26,978 11,779 2,045 2,254 1,472,480 1,266,597 26,978 11,779 1,413,768 1,200,214 42,322 42,209 26,974 11,775 4,880 13,032 4 4 4,028 7,925 7,482 3,217 1,472,480 1,266,597 26,978 11,779 150

15. 0.10 10,000,000 1,000,000 0.10 1,036,633 110,323 200,758 (84,118) 226,963 a 6,525 575 23,403 23,978 19,392 19,392 1,749 31,214 31,214 b (26) (335) (335) 1,044,881 110,898 243,553 (53,239) 301,212 1,044,881 110,898 243,553 (53,239) 301,212 a 5,355 466 35,914 36,380 14,521 14,521 1,481 28,240 28,240 b (1,872) (39,509) (39,509) 1,049,845 111,364 293,988 (64,508) 340,844 : (a) 7.724.17 5,355,0006,525,000 0.1031 (b) 1,872,000 26,00039,509,000 335,000 151

16. (a) (b) 45,634 147,111 64,865 257,610 1,411,840 1,669,450 944,524 944,524 65,901 65,901 65,901 (19,392) (19,392) (19,392) (31,214) (31,214) (31,214) 59,501 59,501 (59,501) (28) (28) (28) (255,945) (255,945) 45,634 206,612 80,160 (28) 332,378 2,040,918 2,373,296 45,634 206,612 80,160 (28) 332,378 2,040,918 2,373,296 1,108,487 1,108,487 53,677 53,677 53,677 (14,521) (14,521) (14,521) (28,240) (28,240) (28,240) 2,131 2,131 (2,131) 1,222 1,222 1,222 (465,463) (465,463) 45,634 208,743 91,076 1,194 346,647 2,681,811 3,028,458 152

16. 64,865 64,865 610,168 610,168 65,901 65,901 (19,392) (19,392) (31,214) (31,214) (255,945) (255,945) 354,223 80,160 434,383 354,223 80,160 434,383 395,735 395,735 53,677 53,677 (14,521) (14,521) (28,240) (28,240) (465,463) (465,463) 284,495 91,076 375,571 (a) (b) 153

16. (b) 10% 50% 25% 10%50% 17. 30 60 30 892,826 786,082 31 60 275,566 9,340 61 90 11,282 18,851 91 180 5,215 9,726 181 365 3,347 1,053 365 2,724 1,381 1,190,960 826,433 154

18. 242,808 175,523 57,341 73,172 114,323 132,581 102,876 71,560 32,202 15,874 16,273 96,474 85,797 720 796 646,024 570,780 720 796 19. 110,744 452,096 (47,243) 40,417 128 556,142 556,142 13,313 3,901 (58,857) 41,287 (2,184) 553,602 155

19. 316,880 320,590 166,056 176,222 70,666 59,330 553,602 556,142 73,495 61,923 202,827 214,336 779,700 822,000 1,056,022 1,098,259 156

20. 39,960 66,260 272,288 193,710 272,288 193,710 312,248 259,970 272,288 193,710 4,500 66,260 307,748 193,710 272,288 193,710 312,248 259,970 272,288 193,710 5.32% 5.17%1.23%2.04% 4,500,000 66,260,000 6 7 1,157,502,000 1,396,540,000 157

20. 607,480 176,380 457,880 105,660 (140) (140) (805,250) (88,190) 259,970 193,710 259,970 193,710 382,320 340,360 (2,960) (2,960) (327,082) (258,822) 312,248 272,288 : 6 291,788 239,510 272,288 193,710 6 12 20,460 20,460 312,248 259,970 272,288 193,710 158

21. 14,684 11,660 41,688 1,409 69,441 5,848 1,021 7,213 37,470 66,732 5,281 123,565 103 103 20,532 12,681 48,901 37,470 66,732 6,793 193,109 20,532 12,681 48,901 37,470 66,732 6,793 193,109 12,424 1,557 24,919 35,510 25,815 4,526 104,751 32,956 14,238 73,820 72,980 92,547 11,319 297,860 (77,490) (1,651) (79,141) 7,401 1,477 8,878 (20,138) (20,138) (90,227) (174) (90,401) (90,227) (174) (90,401) 4,798 95 4,893 (85,429) (79) (85,508) 159

21. 203,032 139,602 94,828 53,507 297,860 193,109 (4,798) (3,040) (80,710) (87,361) (85,508) (90,401) 50,099,000 71,293,00010,388,000 10,779,000 141,125,000 103,784,000 2,822,502,000 2,075,671,000 160

22. 64,697 (1,079) 63,618 63,618 (1,294) 62,324 64,697,000 50 1,294,000 1,079,000 23. 4,713,032 4,131,797 a 114,648 94,302 97,769 88,713 3,792 1,427,130 1,290,620 710,253 630,887 360,078 260,075 a 244,749 229,806 149,100 123,800 474 (2,279) 42,556 4,375 3,900 4,050 65,945 68,634 138,054 128,752 (a) 161

24. a 187,892 127,111 6,739 194,631 127,111 (a) 25. 390,740 339,040 c 49,646 42,309 53,677 65,901 18,418 15,939 197,772 167,698 710,253 630,887 162

25. (a) (i) 1,978 1,349 960 20 142 4,449 1,537 5,094 960 11,365 167 19,123 1,045 834 2,484 1,832 78 6,273 270 733 1,003 270 987 1,257 Stuart Schonberger(ii) 215 733 948 270 733 1,003 215 733 948 215 656 871 215 656 871 (i) 2,874 960 22 149 4,005 3,666 960 9,329 205 14,160 1,493 875 2,138 121 4,627 266 378 644 266 466 732 Stuart Schonberger(ii) 105 47 152 266 378 644 212 378 590 212 362 574 212 362 574 (i) (ii) Stuart Schonberger 163

25. (b) 6,696 4,446 2,014 4,554 122 8,832 9,000 3,000,0015,000,000 2 2 (c) 5% 22% 164

26. 7,507 7,422 7,410 14,917 7,422 19 (41,287) (40,417) (10,891) (24,954) (817) (52,178) (66,188) (37,261) (58,766) 27. b 2,506 4,501 c 466,346 441,741 d 18,170 487,022 446,242 (109,644) (132,443) 377,378 313,799 165

27. (a) RealSports Pte Ltd. (b) 16.5%16.5% (c) 25%25% 22%20% (d) 5% 25% 1,509,514 1,283,130 25%25% 377,379 320,782 2,431 (809) (1,295) (1,835) 10,915 12,039 9,298 17,205 (34,570) (7,060) (4,950) (6,893) (19,630) 18,170 377,378 313,799 25.0%24.5% 166

28. 1,108,487 944,524 1,047,363 1,040,757 105.84 90.75 1,108,487 944,524 1,047,363 1,040,757 14,502 13,276 1,061,865 1,054,033 104.39 89.61 167

29. 22.15 13.58 229,568 141,437 19.97 22.54 213,827 236,049 443,395 377,486 22.54 19.97213,827,000 30. 1,509,514 1,283,130 114,648 94,302 97,769 88,713 3,792 474 (2,279) 42,556 4,375 53,677 65,901 37,261 58,766 (1,294) (1,079) 1,858,397 1,591,829 (216,626) 53,263 (543,760) 23,451 (88,591) (12,708) 364,527 (45,412) 100,641 39,353 1,474,588 1,649,776 168

31. (a) Alpha Talent Management LimitedAlpha Talent 35,250,000 Alpha TalentAlpha Talent Alpha TalentAlpha Talent10Alpha Talent Alpha Talent Alpha Talent 6 36 0.86 1,724 0.68 6,936 0.86 (1,086) 0.62 (5,212) 0.86 638 0.86 1,724 0.86 638 0.83 1,541 169

31. (a) 0.86 0.86 439 0.86 75 0.86 75 0.86 510 0.86 945 0.86 0.86 100 0.86 0.86 19 0.86 33 0.86 33 0.86 20 0.86 113 638 1,724 (b) 1 16,219,000 170

31. (b) 1.8275 863 1.8275 3,816 1.8275 (862) 1.8275 (2,953) 1.8275 (1) 1.8275 863 1.8275 863 1.8275 863 (c) 1 (a)(b) (c) 171

31. (c) 30% 1% 12.764 29,634 8.649 13,134 14.228 20,172 8.851 (4,493) 5.831 (3,572) 14.791 (1,817) 15.300 (100) 13.360 23,324 12.764 29,634 12.400 8,635 6.236 6,503 172

31. (c) 3.685 2,269 3.685 4,264 5.500 5.500 14 8.830 799 8.830 1,387 9.840 300 9.840 300 19.680 350 19.680 350 17.220 2,225 17.220 3,014 10.940 93 10.940 133 11.370 11,913 11.370 14,112 13.180 689 13.180 689 21.870 4,686 21.870 5,371 23,324 29,634 (d) Alpha Talent 353,00033,113,000 2,504,00037,853,000 (e) 173

31. (e) 20,556,0002% 10,278,000 1% 18.31 2,359 17.91 4,186 23.20 3,123 21.55 6 19.52 (1,481) 10.20 (1,749) 17.28 (161) 16.87 (84) 21.97 3,840 18.31 2,359 20,211,000 25,544,000 174

32. (a) 63,453 (b) 245,593 220,795 548,072 505,509 147,721 185,329 941,386 911,633 175

33. (a) 4,374 6,657 (b) 5,099 43,792 (c) 15,852 15,838 475 387 10,375 20,521 26,702 36,746 176

33. (d) 249 4,600 4,137 177

Alpha Talent Alpha Talent Management Limited 0.10 Alpha Talent 178