Bojun Education Company Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k)
Bojun Education Company Limited [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 1.0% 0.0027% 0.005% 0.01 [ ] [ ] [ ] [ ] [ ] [ ] 342C [ ] [ ][ ] [ ] [] [][] [][] [][] [] [][][] 1% 0.0027%0.005%[][][] [][][][] www.hkexnews.hkbojuneducation.com [ ] [ ] [ ] [ ][ ] [ ] [ ] 1933 [ ] (i) 144A (ii)s []
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[ ] ii
[ ] iii
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.............................................................. [229]............................................... [268].................................................................. [269] [ ]............................................................ [276] [ ].................................................... [285].............................................. [I-1]................................... [II-1]........................................... [III-1].............. [IV-1]......................................... [V-1].......................... [VI-1] v
[] [] [ ] 2016/2017 2016/2017 5.2% 0.5%2016 9 1 5,789 442 15 K-12 1 12 7 12 2014 2015 88.3% 87.0% 2016 2015/201690.1% 2014 8 31 85.9 2015 8 31 103.22016 8 31 135.4 2014 8 31 23.6 2015 8 31 35.3 2016 8 31 49.42014 9 1 3,925 2015 9 1 4,625 2016 9 1 5,789 1
2016 9 1 5,789 4,203 1,586 442 2001 (1) (2) (%) 9 1 9 1 9 1 2013 (3) 2014 (4) 2015 (5) 2016 (6) 2013 (3) 2014 (4) 2015 (5) 2016 (6) 2013 (3) 2014 (4) 2015 (5) 2016 (6).................. 2,411 2,576 2,654 2,726 2,808 2,808 2,808 2,808 85.9 91.7 94.5 97.1.................. 171 180 95.0.................. 418 993 450 1,200 92.9 82.8.................. 313 405 77.3.......... 2,411 2,576 3,072 4,203 2,808 2,808 3,258 4,593 85.9 91.7 94.3 91.5................ 250 230 278 308 285 275 285 310 87.7 83.6 97.5 99.4................ 314 327 350 327 360 360 360 360 87.2 90.8 97.2 90.8................ 273 258 278 258 345 300 325 345 79.1 86.0 85.5 74.8................ 36 127 216 272 85 170 230 275 42.4 74.7 93.9 98.9................ 140 143 153 151 155 145 165 155 90.3 98.6 92.7 97.4................ 268 264 278 270 275 275 295 295 97.5 96.0 94.2 91.5.............. 1,281 1,349 1,553 1,586 1,505 1,525 1,660 1,740 85.1 88.5 93.6 91.2...................... 3,692 3,925 4,625 5,789 4,313 4,333 4,918 6,333 85.6 90.6 94.0 91.4 * (1) (2) (3) 2013/2014 (4) 2014/2015 (5) 2015/2016 (6) 2016/2017 2
2013/2014 2014/2015 2015/2016 2016/2017 (1) 2013/2014 2014/2015 2015/2016 2016/2017....... 16,200 29,200 17,200 29,200 29,200 29,200 33,200....... 33,200....... 29,200 29,200 33,200....... 33,200.... 30,960 32,160 30,960 32,160 33,360 34,560 33,360 40,560.... 35,760 36,960 35,760 36,960 38,160 39,360 38,160 45,360.... 24,960 26,160 24,960 26,160 26,160 27,360 26,160 27,360.... 44,160 45,360 44,160 45,360 44,160 45,360 44,160 48,960.... 32,160 33,360 32,160 33,360 34,560 35,760 34,560 41,760.... 34,560 35,760 34,560 35,760 36,960 38,160 36,960 44,160 1. 2013/2014 2016/2017 2013/2014 K1 K3 201420152016 8 31 97.6% 97.9% 97.9% 3
2013/20142014/2015 2015/2016 22 23 31 (i) (ii) K1 K3 2016 9 1 5,789 1,586 4,032171 2016 9 1 44266.5% 20.6% 30 9 1 2013 2014 2015 2016......................... 153 172 175 173......................... 32 105......................... 32....................... 22 20 22 23 4
9 1 2013 2014 2015 2016....................... 28 26 28 29....................... 25 25 25 26....................... 14 20 21....................... 12 11 11 11....................... 19 21 20 22............................. 259 289 333 442 (i)(ii) (iii)(iv) (i) (ii) (iii) (iv) 2014 2015 2016 8 31 5% 201420152016 8 31 10.724.729.6 6.0 10.2 10.6 2015 1 5
(5) (9) (1) (3) (4) (6) (7) 47.36% 27.42% 18.48% 4.90% 0.92% 0.92% (8) (7) 100% (2) (8) 100% 100% 100% 100% 100% 100% 100% 1. (1) 2. (1) 3. (2) 4. (3) (4) 5. (3) (5) 6. (6) 6
7. (7) 8. (i) (ii) (8) 9. 10. 11. 12. 13. 14. [ ] [ ] (i) []% (ii) [ ]% (iii) [ ]% [ ] [ ]% [ ] [ ] 7
8 31 2014 2015 2016................................... 85,908 103,223 135,371................................... 23,580 35,304 49,387............................... 17,818 26,498 36,422................................. 27.4% 34.2% 36.5%................................. 20.7% 25.7% 26.9% 8 31 2014 2015 2016............................. 165,728 149,305 239,257............................... 74,067 214,969 304,343............................... 204,760 291,136 241,613................... (130,693) (76,167) 62,730................................. 239,795 364,274 543,600............................... 34,222 65,077 295,791 8 31 2014 2015 2016............................... 0.4 0.7 1.3............................. 71.1% 53.4% 20.2%............................. 8.5% 8.8% 8.0%.......................... 1.5 1.4 0.0............................. 9.2 4.8 22.4 2014 2015 2016 8 31 130.776.262.7 2014 2015 8 31 2016 8 31 62.7[ ] 2015 8 31 74.72016 8 31 285.6 [ ] 2016 9 2016/2017 28,00032,000 18% 8
2016 10 2016 8 31 [ ] [ ] [ ] 27.7 [] [] 4.9 [ ]3.12016 8 31 1.8 [ ] [ ] [ ] [ ] 2017 8 31 [ ] [ ] [ ] [ ] [ ] [ ] (1)......................... [ ] [ ] (2)......................... [ ] []........................... [ ] [] 1. [][] [ ] 2. 2016 8 31[ ] [ ] [ ] [ ] [ ] [][][] [] [ ][ ] 9
10% 50% 25% 201420152016 8 31 61,350,000 (i) (ii) 13 10
[ ] [][] [ ] Bojun Education Investment Holdings Company Limited 2016 6 7 3. [ ] 11
2016 7 26 1998 3 17 95% 2015 3 13 2004 3 10 47.36% 27.42%18.48% 4.90% 0.92% 0.92% 2010 7 16 12
22 19613 622 32 2016 6 14 [ ] 2016 4 6 13
[ ] 16. [ ] 2016 8 29 2015 1 19 2007 3 16 2008 1 1 2016 8 29 14
2016 8 29 2016 8 29 1 46 2015 3 102015 2015 4 10 2016 7 4 15
[ ] [ ] [ ] [ ] 2016 6 14 [ ] [ ] [][][][] [ ] [ ] [ ] [ ] 16
[ ] [ ] [ ]% 0.0027% 0.005% [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 2012 4 27 [ ] 17
[ ] [2016 10 10 ] 2003 5 12 [ ] [ ] [ ] [ ] [ ] [ ] 2016 8 29 2009 2 23 2015 9 29 18
[ ] [ ] [ ] [ ] [ ] [ ] 19
[ ] [ ] [ ] [ ] [ ] [ ] [][] [] []% [][ ] 2013 9 27 1993 12 29 1994 7 1 1999 12 252004 8 282005 10 27 2013 12 28 20
[ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] 2016 7 5 [ ] [ ] [ ] [ ] 2010 3 15 S S 21
2015 10 15 2003 6 18 2016 8 29 2016 8 29 22
571 0.01 [ ] 15. 2001 7 26 6 2016 8 29 [ ] [ ] 23
2016 7 5 2016 4 20 201420152016 8 31 1933 USA Bojun Education, Inc.2016 8 19 24
2016 7 5 [ ] 2002 8 12 2016 6 8 % 1.001.163 6.711.00 * * [ ] 25
9 1 6 30 26
27
(a)(b) (c)(d) [ ] 2012 6 18 50% 28
[ ] 2015 1 19 29
50% 30
(7) 31
201420152016 8 31 50% 32
33
10%50% 25% 34
2003 2013 25% 25% 2014 20152016 8 31 4.87.310.3 35
2014 20152016 8 31 97.6% 97.9% 97.9% 2005 3 2 2015 4 20% 2016/2017 14% 2016/2017 18% 36
37
20282035 2046 (i) (ii) (iii) 38
2016 9 1 442 2006 2010 39
2014 2015 2016 8 31 53.1 63.873.5 61.9% 61.8% 54.3% 94,179.7720 58,772.16 40
7 12 2014 2015 8 31 130.7 76.2 41
42
(i) (ii) (iii) (iv) (v)(vi) 15% 20142015 2016 8 31 53.163.8 73.5 61.9% 61.8% 54.3% 43
44
45
2003 46
H5N1H5N2 47
1978 48
[ ] [ ] (i)(ii)(iii) 2015 3 30 19 19 19 [ ] 19 [ ] [] 49
[ ] 1970 50
2006 7 14 2008 8 1 25% 25% 51
25% 15% [ ] [ ] [ ] [ ] [ ] [ ] [ ] 52
[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 53
[][] [ ] 25%[ ] [ ] [ ] [ ] 52.46% [] [ ] [ ] [ ] 201420152016 8 31 61,350,000 54
[ ] [ ] [ ] (i) (ii) [ ] [ ] [ ] 55
[ ] [ ] [ ] [ ] 56
[ ] [ ] [ ] [ ] [ ] 57
[ ] 8.12[ ] 8.12 (a) 3.05 (b) (i) (ii) (iii) (c) 3A.19 [ ] 13.46[ ] 58
(d) (e) 8.173.28 3.28 3.28 3.28 3.28 8.17 3.28 59
8.17 3.28 (a) [ ] (b) 3.29 15 (c) 3.28 8.17 (d) (e) 3.28 [ ] 14A 60
[ ] [ ] 61
[ ] [ ] 62
[ ] [ ] 63
[ ] 5 1 2 19 4 5 2 1 2 5 1 2 19 4 5 2 26-1 23 1 22 B 27 11 A 64
[ ] 29 19 19-31 33 1-2 22-03 3 6 2 6 12 8 16 3 11 2 65
[ ] [ ] 71 19 [ ] [] [ ] [ ] [] 1 21 77 3 34 Cricket Sqnare Hutchins Drive P.O.Box 2681 Grand Cayman KY1-111 Cayman Island 500 Capitol Mall Suite 1800 Sacramento California US 66
[ ] [ ] [ ] 88 35 1 6 [ ] [] 67
Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands 1 17 13A 05-15 bojuneducation.com [ 17 13A 05-15 ] [ 288 ] 23 1 22 B 3 39 B 68
[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [] [ ] [] 71 19 50 25 77 69
[ ] [ ] [ ][ ] (i) (ii) 20162020(iii) 1961 40 2,000 500,000 70
1980 1990 2012 2015 71
20112015 992 1,84216.7%2015 8.8% 2015 1,8422020 3,255 12.1% 2011 29.4 201537.86.5% 202048.0 2015 2020 4.9% 2015 2020 5.0% 20151,987,600 16.8% 2015 17.9%35.9% 532,800 13.0% 2011 39 2015 8120.3% 2015 2020 81152 13.4% 72
2011 2020 2011/2015 2015/2020 20.3% 13.4% 3.9 5.2 6.2 7.2 8.1 9.3 10.5 11.8 13.4 15.2 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 20111.6 20152.0 5.3% 10.7%201173,2002015 110,000 6.3% 2020 2.6 2011 2020 11/15 15/20 1.6 0.1 1.7 0.2 0.1 0.2 0.3 0.2 1.8 0.1 0.2 0.2 1.9 0.1 0.2 0.2 2.0 0.1 0.2 0.3 2.1 0.1 0.2 0.3 2.2 0.1 0.2 0.3 2.3 0.1 0.3 0.3 2.4 2.6 0.1 0.1 0.3 0.3 0.3 0.3 5.3% 5.1% 10.7% 3.6% 2.2% 4.8% 0.6% 2.9% 1.1 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.8 6.3% 5.7% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 73
2011 20 2015 3817.1%2015 2020 38 71 13.1% 2015 27% 50% 2011 2020 2011/2015 2015/2020 17.1% 13.1% 7.1 2.0 2.5 2.9 3.5 3.8 4.4 5.0 5.5 6.3 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 74
2011425,0002015532,800 5.8% 20152020 532,800 679,100 5.0% 2015 22.6% 2011 2020 532.8 558.9 499.2 22.2 450.0 469.3 21.1 425.0 19.7 77.2 76.4 17.4 18.2 16.8 79.2 77.6 78.3 114.5 77.0 107.6 100.5 86.9 92.5 82.1 596.2 606.0 22.6 24.0 78.2 79.4 122.2 130.0 679.1 649.6 24.4 24.2 90.4 84.3 140.9 134.3 249.2 268.2 280.4 299.9 327.6 345.1 373.3 372.6 406.7 423.4 11/15 5.8% 5.0% 5.9% 2.9% -0.2% 3.4% 7.0% 5.5% 7.1% 15/20 5.3% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2011 69.3% 2015 71.9% 2015 83.1% 75
2011 2020 69.3% 69.7% 69.8% 70.8% 71.9% 72.4% 73.1% 73.1% 74.0% 74.3% 25.6% 26.8% 27.5% 28.6% 29.8% 30.5% 31.4% 31.4% 32.4% 32.6% 19.0% 19.4% 20.3% 21.3% 21.9% 22.4% 22.7% 23.0% 23.4% 23.5% 12.1% 12.7% 13.1% 13.5% 13.7% 14.0% 14.3% 14.6% 14.7% 14.9% 7.8% 8.1% 8.5% 9.6% 10.6% 11.4% 11.7% 12.9% 13.1% 13.3% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 76
2008 2012 2013 2015 77
201627% 33%40% 2016 77,200 2016 30.5% A 13.2%4,000 5.2%B5.1%CD 3.9% 3.1% 1 A..................................... 13.2% 2..................................... 5.2% 3 B..................................... 5.1% 4 C..................................... 3.9% 5 D..................................... 3.1% 78
20162,000 1,600 2016 345,1005.0% 1,6000.5% (1) 1 E..................................... 2.4% 2 F..................................... 0.8% 3 G..................................... 0.8% 4 H..................................... 0.6% 5........................................ 0.5% (1) 201583.1% 2016 85.8% 650600 2016 650 1,600 2.3% 70% 79
80
2015 2015 3 102015 4 102015 2004 2004 7 1 100,000 2012 6 18 81
50% 2015 1 19 2015 2 17 (i) (ii)(iii) (iv) (i)(ii) (iii) (i)50% (ii) 50%(a) (b) (c) (iii) 82
(i)(ii) 100,000 1 10% 100,000 1 10% 50,000 500,0005% 144 145 147 148 1995 3 18 2009 8 272015 12 27 2016 6 1 83
2003 9 1 2013 6 29 2004 4 1 84
10% 25% (i) (ii)(iii) 85
(i)(ii) (iii) 15 25% 25% 2005 3 2 2005 4 2 86
2012 10 26 2013 1 1 2006 6 30 2006 9 1 1990 6 4 1990 6 4 2014 7 2 2014 8 10 1986 4 12 2006 6 292015 4 24 2001 6 8 87
2005 4 26 2014 9 30 20032007 2006 2007 1990 8 20 2000 3 15 88
1989 9 11 1990 2 1 2011 12 31 2012 1 31 2014 7 15 89
2010-2020 2010 7 8 2010-2020(i) (ii)2010 10 24 2013 9 5 2012 6 18 50% 2007 3 16 2007 10 1 90
2013 8 30 2014 5 1 2004 11 5 2004 12 20 (IP) 1994 7 5 1995 1 1 2009 8 27 28 91
2007 6 29 2008 1 1 2012 12 28 652008 9 18 535 2010 10 28 2011 7 1 35 2011 9 6 2011 10 15 1999 4 32002 3 24 262 92
10,000 50,000 2007 3 16 2008 1 1 2007 12 6 2008 1 1 25% 25% 10% 39 3 2002 12 28 2013 6 29 93
39 2011 1 1 2020 12 31 15% 70% 2006 8 21 25% 5% 25% 10% 2009 2 2 (i) (ii) (iii) 12 2015 11 1 1993 12 13 1994 1 1 2008 11 10 136 1993 12 251997 5 222008 12 152011 10 28 94
3% 20% 39 3 39 3 1993 12 13 1994 1 1 2008 11 10 538 1993 12 25 2008 12 152011 10 28 65 2016 3 23 2016 5 1 36 36 95
1993 12 29 1999 12 25 2004 8 28 2005 10 27 2013 12 28 2014 3 1 2016 9 3 2016 10 8 22 201622 22 30 1996 1 29 1996 4 1 1997 1 14 2008 8 1 96
2014 7 14 [2014]37 37 37 2015 2 13 2015 6 1 13 2015 3 30 2015 6 1 19 97
100% 19 1. 2. 3. 4. 2016 6 9 16 16 16 16 98
2009 2009 (i) (ii) 11 (California Education Code) (i)(ii) 10 1 15 (Accrediting Commission of Schools Western Association of Schools and Colleges) 99
(California Commission on Teacher Credentialing) 100
2001 2001 6 (i)40% (ii) 10% (iii)10%(iv) 40% 2001 7 (i) 50%(ii) 50%2006 2002 8 2004 3 2004 3 2008 2008 2008 2008 2011 2011 6 2012 4 101
2012 4 (i) 80%56% 44% (ii)10% (iii)5%(iv) 5% 2013 9 2015 9 (i)54% (ii) 26% 60% 40%(iii)20% (i) (ii)(iii) 2001 6 2003 4 2003 6 2009 2 2010 3 102
2012 4 2013 9 2015 9 2016 4 2016 5 2001 6 2002 8 (i)50%(ii) 2006 50% 30,000 2003 4 60,000 2003 9 103
2003 6 50,000 2003 9 2009 2 100,000 2009 3 2010 3 100,000 2010 3 2013 9 600,000 2013 9 104
2012 4 12,000,000 2012 9 47.36% 27.42% 18.48% 4.90% 0.92% 0.92% 2015 9 5,000,000 2015 9 2016 4 4 5,000,000 10,000,000 2016 5 2016 4 1,000,000 2016 9 105
................... 100% 100% 100% 100% 100%...... 100%................... 100% 100%................. 100% [ ] 1...................... 99.99% 1 0.01%........ 99.99% 2 0.01% 106
..................... 54.00% 36.00% 5.00% 5.00%................... 54.00% 26.00% 20.00% 1. 2013 3 15 2. 2010 7 16 2016 6 3 99.99% 0.01%4,000,000 2016 6 3 99.99% 0.01% 1,000,000 107
2016 6 12 54% 26% 20% 2,700,000 1,300,000 1,000,000 2015 10 2016 5 17 60% 40% 12,000,000 8,000,000 2016 6 13 1,000,000 32,500,00031,500,000 (i) 14,853,300(ii)8,552,300 (iii) 6,005,000(iv)1,591,800 (v) 248,800 (vi) 248,800(i) 47.36% (ii)27.42% (iii)18.48% (iv) 4.90% (v) 0.92% (vi)0.92% 108
..................... 100%........ 100%..................... 47.36% 27.42% 18.48% 4.90% 0.92% 0.92%................... 100% 2. 2016 6 14 380,000 38,000,000 0.01 2016 6 7 50,000 1.00 2016 6 7 50,000 2016 7 14 10,000 1.00 109
3. 2016 7 4 10,000.00 4. 2016 7 4 50,000.00 5. 2016 7 28 2016 7 28 74,999 6. 2016 7 28 1.00 20,565 13,860 3,675 690 690 47.36% 27.42% 18.48% 4.90% 0.92% 0.92% 7. 2016 7 26 50,000,0002016 8 22 70,000,000120,000,000 110
8. 2016 8 19 1,000,00080,000 9. [ ] 2016 8 29 [ ] [ ] 25,000[ ] 35.52% [ ]% 20.565% 13.86% 3.675% 0.69% 0.69% 10. 2016 8 29 2016 10 13 2004 3 10 (i) (ii) 111
(iii) (iv) [ ] [ ] [ ] 2016 4 01269 2012 3 2015 122014 4 2015 12 [ ] 2016 7 28 [ ] [ ] [ ] 25,000 [ ] 25% [ ] 2016 8 29 112
[ ] [ ]% [ ] [ ] 2016 7 28 [ ] 2016 8 122016 8 29 [ ] [ ] [ ] [][]% [] [] [ ] [][] [ ] [ ] [ ] [ ]% 113
[ ] [ ] [ ] [ ] [ ] [] [ ] [ ] [ ] [ ] [ ] [ ] 2017 12 312017 12 31 114
[] [] [ ] [ ] [ ] [ ] [ ] [] 2010 10 13 [ ] 2012 1 16 2012 10HKEx-GL43-122013 7 2012 10 HKEx-GL44-12 (1) (2) 0.01% 99.99% 99.99% 0.01% 5% 5% 54% 5% 60% 40% 54% 26% 20% 100% 100% 100% 100% 100% 100% 100% 100% 100% 1. 2010 7 16 2. 2013 3 15 115
[ ] [ ] (1) (2) (1) (3) (4) (4) 100% 100% 100% 100% 100% 100% 35.52% 20.57% 13.86% 3.68% 0.69% 0.69% 25% 100% Bojun Investment 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% (3) (3) (3) (3) 100% 100% 100% 100% (3) 47.36% 27.42% 18.48% 4.90% 0.92% 0.92% (1) (3) (4) (4) (1) (2) (3) (4) 116
[ ] [ ] 380,000[ ] [ ] 3. [ ] [ ] [ ] (1) (1) (3) (4) (4) 100% 100% 100% 100% 100% 100% [] [] [] [] [] [] [] 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% (2) (2) (2) (2) 100% 100% 100% 100% (2) 47.36% 27.42% 18.48% 4.90% 0.92% 0.92% (1) (1) (3) (4) (4) (1) 117
(2) (3) (4) 2014 7 14 37 (a) (b) 37 2015 6 1 13 2016 8 10 13 37 2006 8 8 2006 9 8 2009 6 22 (i) (ii) 118
(i) (ii) [ ] 119
2012 6 18 (a) (b) 120
50% 2016 9 21 (i) (ii) (iii) (iv) 121
[ ] 50% 50% (a)(b) (c) (d) (a)50% 49.99% 50% 122
50% (b)50% 49.99% 50% (c) 50% (d) 123
7 12 2016 10 2016 8 19 20 [ ] 67,000 124
(i) (ii) [ ] (5) (9) (1) (3) (4) (6) (7) 47.36% 27.42% 18.48% 4.90% 0.92% 0.92% (8) (7) 100% (2) (8) 100% 100% 100% 100% 100% 100% 100% 1. (1) 125
2. (1) 3. (2) 4. (3) (4) 5. (3) (5) 6. (6) 7. (7) 8. (i) (ii) (8) 9. 10. 11. 12. 13. 14. 126
(1) (a) (b) (c) (d)(e) (f)(g) (h) (i) (a) (b) (c)(d) (e) (f) (g)(h) (i) (j)(k) (l)(m) (n) (o) (p) (q) (r) (s) (t) 127
(a) (b) (c) (d) (e) (f) (g) (a) 128
(b) (i) (ii) (iii) (iv) (v) (vi) (c) (i) (ii) (iii) (d) 129
(i) (ii) (a) (b) (c) (d) (e) 100,000 (f) (g) 100,000 (h) 130
(i) (j) (k) (l) (m) (n) (o) (p) (q) 131
(i) (ii) (iii) (iv) (i) (ii) (2) (a) 132
(b) (c) (d) 100,000 (e) 100,000 (f) 100,000 (g) (h) (i) 100,000 133
(j) (k) (l) (m) (n) (o) (p) 0 (3) (a) (b) (c) (d) 134
(e) (f) (g) (h) (a) (b) (c) (d) (e) (f) (g) (h) 135
(i) (ii) (4) (3) (5) (3) 136
(6) (a) (b) (c) (d) (e) (f) (7) 137
(a) (b) (c) (a) (b) 138
(c) 2016 9 14 (a) (i) (ii) (1) (b) (3) 139
(c) (8) (i) (ii) (i) (ii) (iii) (i) (ii) 140
(a) (b) 30 (c) (d) 141
(6) (1) (i) (ii) (iii) (iv) (v) (vi) 142
(1) (i) (ii) (iii) (1) (3) 143
(1) (2) (a) (b) 30 (c) 144
(i) (ii) (1) (a) (b) (i) (ii) (iii) (iv) (v) 145
(c) (d) (i) (ii) 146
(iii) [ ] 10 A2 147
(i) 50% (ii) 50%(a) 50% (b) 50%(c) (iii) 19 148
(a) (b) (c) (i) 149
150
(a) (b) (c) [ ] (a) 151
(b) (c) (d) (e) [ ] (a) (b) (c) (d) 152
2016 2017 2016 2017 5.2% 0.5%2016 9 15,789 442 15 K-121 12 712 2014 2015 88.3% 87.0% 2016 2015/201690.1% 2014 8 31 85.9 2015 8 31 103.22016 8 31 135.4 2014 8 31 23.6 2015 8 31 35.3 2016 8 31 49.42014 9 1 3,925 2015 9 1 4,625 2016 9 1 5,789 153
2016 9 2014 2015 88.3% 87.0% 2016 2015/201690.1% 2016 9 1 442 766.5% 154
20.6% 2014 2015 2016 8 31 10.2% 7.8% 7.7%2016 9 1 60.9% 30 155
18 2001 7 2006 11 2002 8 2004 3 2006 6 2009 2 2008 2012 2016 2010 7 2015 3 17 18 2006 11 2012 4 21 1995 7 2005 7 2005 7 2012 3 156
2016 2017 2015 9 25 5,600 2018 9 1 2019 9 1 166,750 480 [ ] 2016 2 26 5,800 157
2019 9 1 2020 9 1 186,760 490 [ ] 1,620360 2017 9 1 2018 9 1 65[ ] 7 12 2016 10 158
2016 8 19 2 [ ] 67,000 780 2018 9 1 101[ ] 2015 9 2016 9 1 993 1712016 9 2016 9 1 313 2017/2018 810 270 675 (i) (ii) 80 159
2016/2017 14% 2016/2017 18% 160
2016 9 1 5,789 4,203 1,586 442 2001 (1) (2) (%) 9 1 9 1 9 1 2013 (3) 2014 (4) 2015 (5) 2016 (6) 2013 (3) 2014 (4) 2015 (5) 2016 (6) 2013 (3) 2014 (4) 2015 (5) 2016 (6).................. 2,411 2,576 2,654 2,726 2,808 2,808 2,808 2,808 85.9 91.7 94.5 97.1.................. 171 180 95.0.................. 418 993 450 1,200 92.9 82.8.................. 313 405 77.3.......... 2,411 2,576 3,072 4,203 2,808 2,808 3,258 4,593 85.9 91.7 94.3 91.5................ 250 230 278 308 285 275 285 310 87.7 83.6 97.5 99.4................ 314 327 350 327 360 360 360 360 87.2 90.8 97.2 90.8................ 273 258 278 258 345 300 325 345 79.1 86.0 85.5 74.8................ 36 127 216 272 85 170 230 275 42.4 74.7 93.9 98.9................ 140 143 153 151 155 145 165 155 90.3 98.6 92.7 97,4................ 268 264 278 270 275 275 295 295 97.5 96.0 94.2 91.5.............. 1,281 1,349 1,553 1,586 1,505 1,525 1,660 1,740 85.1 88.5 93.6 91.2...................... 3,692 3,925 4,625 5,789 4,313 4,333 4,918 6,333 85.6 90.6 94.0 91.4 * (1) (2) (3) 2013/2014 161
(4) 2014/2015 (5) 2015/2016 (6) 2016/2017 2013 2014 2015 2016 9 1 259 289 333 442 2016 9 1 66.5% 20.6% 30 2016 2017 28,000 32,000 2016 2017 32,0001,200 162
2013/2014 2014/2015 2015/2016 2016/2017 (1) 2013/2014 2014/2015 2015/2016 2016/2017 16,200-29,200 17,200-29,200 29,200 29,200-33,200 33,200 29,200 29,200-33,200 33,200................................... 30,960-32,160 30,960-32,160 33,360-34,560 33,360-40,560................................... 35,760-36,960 35,760-36,960 38,160-39,360 38,160-45,360................................... 24,960-26,160 24,960-26,160 26,160-27,360 26,160-27,360................................... 44,160-45,360 44,160-45,360 44,160-45,360 44,160-48,960................................... 32,160-33,360 32,160-33,360 34,560-35,760 34,560-41,760................................... 34,560-35,760 34,560-35,760 36,960-38,160 36,960-44,160 1. 2013/2014 2016/2017 2013/2014 K1 K3 201420152016 8 31 97.6% 97.9% 97.9% 163
75% 50% 25% 50% 164
2016 9 1............................... 2,726 173 42,062.95............................... 1,164 105 38,193.92............................... 313 32 13,472.08.................................... 4,203 310 93,728.95 165
2014 2015 88.3% 87.0% 2016 2015/2016 90.1% 2013/2014 2014/2015 2015/2016 22 23 31 2008 2011 2011 6 2012 4 166
(i) (ii) (iii) (iv) 20 2015 (i) (ii) (iii)(a) (b) (iv) 20 2016 (i) (ii) (iii)(a) (b) (iv) 30 167
K1 K3 K3 168
2016 9 1............................. 308 23 3,879.00............................. 327 29 4,141.71............................. 258 26 5,069.34............................. 272 21 2,881.95............................. 151 11 1,581.96............................. 270 22 3,024.28.................................... 1,586 132 20,578.24 2016 9 1 5,789 1,5864,032 171 2013/2014 2014/2015 2015/2016 2016/17 2016 9 169
2016 (i) (ii)(iii) (iv) 2016 9 1 442 66.5% 20.6% 30 170
9 1 2013 2014 2015 2016......................... 153 172 175 173......................... 32 105......................... 32....................... 22 20 22 23....................... 28 26 28 29....................... 25 25 25 26....................... 14 20 21....................... 12 11 11 11....................... 19 21 20 22............................. 259 289 333 442 171
635 20112015 2011 1,542 2015 1,790 2015 71.9% 21.9% 10.6% 172
2014 2015 2016 8 31 5% 201420152016 8 31 10.724.729.6 6.0 10.2 10.6 173
201420152016 8 31 2014 8 31 A....... 8 6,022,800 21.4% B....... 10 1,470,000 5.2% C....... 14 1,418,600 5.0% D....... 4 1,037,502 3.7% E........ 3 745,400 2.7% 174
2015 8 31 F........ 2 10,209,849 21.6% A....... 8 6,666,160 14.1% B....... 10 5,354,306 11.3% C....... 14 1,418,600 3.0% D....... 4 1,037,502 2.2% 175
2016 8 31 G....... 1.5 10,580,601 17.1% A....... 8 7,398,795 11.9% H....... 0.5 6,882,666 11.1% I........ 1 2,695,000 4.3% E........ 3 2,060,100 3.3% 5% 176
[ ] [ 2016 9 14 2016 10 8 www.scsdyz.com bojuneducation.com C. 2. 177
2015........... 2013........... 2013......... 2012........... 2012........... 2012...... 178
............................................................................... 2014 20152016 8 31 585 715 907........................................... 442 48.8.................................. 141 15.5................................ 38 4.2....................................... 286 31.5........................................... 907 100 179
33,70313 19,186.57 13,472.08 75,000,000 2016 12 30 (i)(ii)(iii) 180
5.01(2) 94,179.7758,772.16 20 408.85 1333,703 13 33,703........... 47,513.57 2006 9 102043 9 10........... 46,666.20 2015 9 1 2035 8 31 14 38,193.92......... 1 3,879 2002 1 1 2021 12 31......... 1 4,141.71 2003 4 1 2018 3 31......... 1 5,069.34 2009 3 1 2029 2 28 181
......... 1 2,881.95 2013 9 1 2033 8 31......... 1 1,581.96 2013 1 1 2023 12 31......... 1 3,024.28 2009 9 1 2029 8 31 408.85 [ ] 1. 20062010 2016 9 28 2016 9 21 182
(i) (ii) (iii) 3 183
1,000 10,000 2008 5 12 184
(i) 2008 (ii) 2008 2008 (ii) (1)........ 2015 1 2022 12........ 2015 7........ 2016 4 2021 4 185
(1)........ 2010 1 2017 12........ 2010 1 2017 12........ 2011 4 (2)............ 2016 9 2021 9........ 2015 1 2022 12........ (1) (2) 2016 9 22 186
187
1. 2014 2015 2016 8 31 0.02 0.04 0.13 0.15 0.24 0.39 0.05% [ ] (i) (ii) (iii) 188
189
2. 13 13 13 5%10% (i) (ii) 10% 13 13 25.8 (i) (ii) (iii) (iv) 190
3.08 3.09 (a) (b) 191
(c) (d) (e) (f) [ ] 2016 7 2016 9 10 192
3.08 3.09 8.04[ ] 193
[ ] [ ] (i) []% (ii) [ ]% (iii) [ ]% [ ] [ ]% [ ] [ ] 30% 8.10 47.36% 27.42% 18.48%(i)(ii) (iii)......................................................... 100%......................................................... 100% 194
100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 2012 6 28 10. 200,000 5%200,000 2014 9 2016 9 14 145 [ ] 195
56% 44% 56% 44% (a) (b) (c) [ ] 196
[ ] [ ] 197
[ ] [ ] (a) (b) 198
(c) (d) (e) (f) (i) (ii) (iii) (g) (h) (a) (b) 5% 199
(a) (b) (c) [][ ] (a) 30% (b) [ ] 30% (a) (b) (c) 200
(d) 14 201
[ ] 8 31 2017 2018 2019 1. 14A.34, 14A.52, 14A.53, 14A.76 0.2 0.2 0.2 2. 14A.34, 14A.52, 14A.53, 14A.76 1. 14A.34, 14A.35, 14A.36, 14A.49, 14A.52, 14A.53 59 14A.71 1. 2016 9 1 408.8516,354 40.0 202
95%5% [ ] 5%3,000,000 14A.76 14A 2017 2018 2019 8 31 0.20.2 0.2 2. 2016 9 14 10. 2016 10 8 203
47.36% 27.42% 18.48% [ ] 0.1% 14A.76 14A 2017 2018 2019 8 31 204
2016 8 29 [ ] 2016 8 29 47.36%27.42% 18.48% [] 205
14A 14A [ ] (i)14a.105 14A(ii)14A.53 (iii)14a.52 1. 2. (d) 14A (e) 3. (i) (ii) (iii) 206
4. 14A 5. (a) (b) (i) (ii) (iii) (d) 207
(c) (d) 14A 14A (e) (a) (b) (c) 208
.............. 52 2003 4 2016 6 14.............. 42 2012 4 2016 9 30.............. 52 2006 11 2016 9 30............ 43 2016 9 2016 9 30.............. 46 2016 9 2016 9 30 209
............ 44 [ ] [ ]............ 66 [ ] [ ]............ 67 [ ] [ ] 210
............ 44 2012 4 2012 4............ 48 2015 7 2016 10 13 52 2016 6 14 2016 10 13 [ ] 2003 4 18 1998 3 1998 3 2001 7 2006 11 2003 4 2006 6 2004 3 211
2004 32006 62009 2 2008 20122016 2010 7 2015 3 20152015 3 1982 7......... 2005 2 6......... 2002 11 6......... 2008 4 22 212
42 2016 9 30 2016 10 13 2012 4 17 1999 92002 7 2002 9 2007 12 2007 12 2015 10 2004 3 2004 3 2004 3 2010 3 2010 3 2010 7 2015 3 2015 3 1998 7 213
52 2016 9 30 2016 10 13 2001 2006 11 18 1998 3 2004 3 / 2006 11 2010 7 2010 7 2000 12 2012 4 43 2016 9 30 2016 10 13 2016 9 16 1999 7 2012 5 2012 5 2015 8 214
2016 3 1996 7 1999 6 2009 6 46 2016 9 30 2016 10 13 2016 9 19 1999 9 2002 8 2007 5 2010 3 EV Capital Pte Ltd 2004 2 2007 3 2012 3 2015 12 1269 215
2010 11....... 002378 2011 2........ 3788 2012 12.......... 1252 2013 12.......... 002327 2014 4 2015 12 1269 2014 6.......... 1626 2014 7.......... 0485 216
2016 3.......... 002272 2016 7.......... 002369 1993 12 2004 6 44 [ ] 1996 11 2006 122009 12 1999 7 2004 7 2001 9 2005 1 2012 6 0494 2014 7 0485 2011 11 66 [ ] 217
2001 7 2015 7 2004 2001 4 2008 10 600466 1982 1 1987 7 1992 12 2003 3 2005 3 2004 67 [ ] 2001 6 2009 4 43 1973 2005 2 1991 1993 9 2004 6 199620012001 6 2001 6 2009 4 2001 6 2004 8 2006 6 2009 4 2006 5 2009 4 19932003 1998 12 1999 6 2005 11 218
1991 4............ 1988-1990 1995 12........... 1996 9............ 1997 9............ 2001 4............ 2000 2002 5............ 2000-2001 2002 9............ 2003 9............ 1985 6 2003 4 2007 3 2007 5 219
44 2012 4 21 1995 7 2005 7 2005 7 2012 3 1995 7 2007 1 48 2015 9 19861998 1995 7 1998 7 1998 2006 2006 4 2002 7 220
43 [ ] 00485 9 1996 11 2004 11 3.21 [ ] 14 C3 3.25 [ ] 14 B1 221
[ ] 14 A5 [ ] [ ] 2016 10 14 3A.19 3A.23 (i) (ii) (iii) [ ] (iv) 222
[ ] [ ] [ ] 223
[ ] [ ] XV2 3 10%.............. 1 [ ] [].......... 1 [ 4 ] [ ] [ ] [ ].............. 2 [ ] [].......... 2 [ ] []......... 5 [ ] [].............. 3 [ ] [].......... 3 [ 6 ] [ ] [ ] [ ] [ ]..... ( 7) [ ] []..................... 7 [ ] [] 7 [ ] [] 7 [ ] []..... 7 [ ] [] 224
......... 7 [ ] []... 7 [ ] []......... 7 [ ] [] 1. 2. 3. 4. 5. 6. 7. [] 01269 [] [ ] [ ] XV2 3 10% 225
[ ] [ ] [ ] [ ] 100,000 1,000 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [][][ ] [ ] [ ] [ ] [ ] [ ] 226
[ ] 20% [ ] (a) (b) (c) [ ] [ ] 10%[ ] 227
(a) (b) (c) [ ] 228
2014 2015 2016 8 31 2016/2017 2016/2017 5.2% 0.5%2016 9 1 5,789 442 15 12 1 12 7 12 2014 2015 88.3% 87.0% 2016 2015/201690.1% 229
2014 8 31 85.9 17.3 20.2%2015 8 31 103.2 2016 8 3132.2 31.1%135.4 2014 8 3115.58.1 52.5%2015 8 31 23.6 2016 8 3110.4 43.9%34.0 2014 9 1 3,925 2015 9 1 4,625 2016 9 1 5,789 2016 8 29 5 230
20112015 9.4% 201129.4 2015 37.8 6.5% 2014 8 31 2016 8 31 25.5% 2015 11 2013201420152016 9 1 3,692 3,925 4,625 5,789 16.2% 231
2013/201415,000 28,000 2014/201516,000 28,0002015/201628,000 2016/2017 28,000 32,000 2016/2017 32,000 24,960 45,360 1,200 2015/20162016/2017 232
2014 2015 2016 8 31 41.7% 38.9% 36.5% 57.5% 59.2% 57.5% 2013 2014 2015 2016 9 1 259 289333 442 4 233
.................. 30 50....... 3 10.................. 5 10.............. 3 6.............. 234
235
236
2014 2015 2016 8 31 14 20142015 2016 8 31 8 31 2014 2015 2016................................... 85,908 103,223 135,371............................... (62,328) (67,919) 85,984................................... 23,580 35,304 49,387............................... 2,406 7,580 2,044....................... (37) (207) (279)............................... (3,058)............................... (4,647) (7,077) (7,683)............................... (2,328) (7,422) (1,808)............................. 18,974 28,178 38,603................................... (1,156) (1,680) (2,181)............................... 17,818 26,498 36,422 2014 2015 2016 8 3185.9 103.2 135.4 237
8 31 2014 2015 2016........................... 9,820 10,590 12,109........................... 6,613 7,031 9,163........................... 6,442 6,903 9,321........................... 1,601 4,908 8,456........................... 4,755 5,746 6,081........................... 3,535 4,222 4,787............................. 51,117 61,614 71,183............................. 11,456............................... 83,883 101,014 132,556................................. 2,025 2,209 2,815................................... 85,908 103,223 135,371 2013/2014 2016/2017 (i) 2015/2016 (ii) 2016/2017 238
8 31 2014 2015 2016............................... 35,824 40,179 49,434................................... 7,388 8,530 12,222.......................... 6,023 6,666 7,399............................... 4,717 4,620 8,262............................... 2,076 2,853 4,028............................... 1,526 1,129 1,078.......................... 947 1,006 1,178............................. 870 1,126 1,730................................... 2,957 1,810 653................................... 62,328 67,919 85,984 2014 2015 2016 8 31 35.8 40.249.4 57.5% 59.2% 57.5% 2014 20152016 8 31 7.4 8.5 12.2 11.9% 12.6% 14.2% 2014 2015 2016 8 31 6.06.7 7.4 9.7% 9.8% 8.6% 2014 20152016 8 31 4.7 4.6 8.37.6% 6.8% 9.6% 2014 20152016 8 31 72.6% 65.8% 63.5% 239
(i) (ii) 5% 10% 5% 10% 8 31 2014 2015 2016 (10)%................................ (8,388.3) (10,101.4) (13,255.6) (5)%................................. (4,194.2) (5,050.7) (6,627.8) 5%................................... 4,194.2 5,050.7 6,627.8 10%.................................. 8,388.3 10,101.4 13,255.6 (10)%................................ 3,582.4 4,017.9 4,943.4 (5)%................................. 1,791.2 2,009.0 2,471.7 5%................................... (1,791.2) (2,009.0) (2,471.7) 10%.................................. (3,582.4) (4,017.9) (4,943.4) 240
8 31 2014 2015 2016 % % %............. 53,141 18,532 34.9 63,823 25,633 40.2 85,454 32,979 38.6........... 32,767 5,048 15.4 39,400 9,671 24.5 49,917 16,408 32.9............. 85,908 23,580 27.4 103,223 35,304 34.2 135,371 49,387 36.5 201420152016 8 31 2.47.62.0 8 31 2014 2015 2016................ 2,328 7,422 1,808.................... 47 47 205................................... 31 111 31................................... 2,406 7,580 2,044 201420152016 8 31 4.67.17.75.4% 6.9% 5.7% 241
8 31 2014 2015 2016 % % %.................. 2,545 54.8 3,059 43.2 4,676 60.9.................. 608 13.0 1,286 18.2 1,394 18.1.................. 342 7.4 534 7.5 318 4.1.................. 339 7.3 542 7.7 643 8.4.................... 200 4.3 323 4.6 476 6.2...................... 613 13.2 1,333 18.8 176 2.3...................... 4,647 100.0 7,077 100.0 7,683 100.0 2014 2015 2016 8 31 2.3 7.4 1.8 8 31 2014 2015 2016.................... 2,328 7,227 809........................................ 195 999 2,328 7,422 1,808 242
25% 2015 1 1 15% 8 31 2014 2015 2016.................... 1,796 1,339 1,882................... (640) 341 299 1,156 1,680 2,181 201420152016 8 31 1.21.72.2 201420152016 8 31 6.1% 6.0% 5.6% 2016 8 31 2015 8 31 2015 8 31103.2 32.2 31.1%2016 8 31 135.4 2015 8 31101.0 31.6 31.2%2016 8 31 132.6 (i) 2015 9 2016 8 31 12.0(ii)9.6 2013/2014 (iii) 243
2015 8 31 67.9 18.1 26.6%2016 8 3186.0 2015 8 31 40.2 9.2 23.0%2016 8 3149.4 (i) 2015 9 2016 8 31 6.1 (ii) 2016 8 31 2015 8 312.1 2015 8 318.5 3.7 43.3%2016 8 31 12.2 2015 9 2015 8 316.7 0.7 11.0%2016 8 31 7.4 2015 8 31 4.6 3.7 78.8%2016 8 31 8.3 2015 8 31 35.3 14.1 39.9%2016 8 31 49.4 2015 8 31 34.2% 2016 8 31 36.5% 2015 8 31 7.6 5.6 73.0%2016 8 312.0 244
2015 8 317.10.6 8.6%2016 8 31 7.7 2016 8 31 [ ] 3.1 2015 8 31 2015 8 31 7.4 5.6 75.6%2016 8 311.8 2016 8 31 2015 8 31 1.7 0.5 29.8%2016 8 31 2.2 2015 8 31 26.5 9.9 37.5%2016 8 31 36.4 2015 8 31 25.7% 1.2 2016 8 31 26.9% 2015 8 31 2014 8 31 2014 8 3185.9 17.3 20.2%2015 8 31 103.2 2014 8 31 83.9 17.1 20.4% 2015 8 31 101.0 (i)2013/2014 (ii)2013 9 1 3,692 2014 9 1 3,925 2014 8 31 62.3 245
5.69.0% 2015 8 31 67.9 2014 8 31 35.8 4.4 12.2%2015 8 3140.2 2014 8 317.4 1.1 15.5%2015 8 31 8.5 2014 8 316.0 0.7 10.7%2015 8 31 6.7 2014 8 31 23.6 11.7 49.7% 2015 8 31 35.3 2014 8 31 27.4% 2015 8 31 34.2% 2014 8 31 2.4 5.2 215.0%2015 8 31 7.6 2014 8 31 4.6 2.5 52.3%2015 8 317.1 2014 8 31 2.3 5.1 218.8%2015 8 31 7.4 2015 8 31 246
2014 8 31 1.2 0.5 45.3% 2015 8 311.7 2014 8 31 17.8 8.7 48.7%2015 8 31 26.5 2014 8 31 20.7% 5.0 2015 8 31 25.7% 201420152016 8 31 8 31 2014 2015 2016.......................... 987.......... 4,096 4,586 9,369...................... 26,391 135,636 8,427.......................... 1........................ 43,580 74,747 285,559.......................... 74,067 214,969 304,343................ 30,041 58,383 87,640............................... 66,125 100,306 144,389...................... 56,616 47,368 1,428...................... 300......... 3,189 4,205................................... 50,000 79,000............................. 1,678 2,890 3,951.......................... 204,760 291,136 241,613................... (130,693) (76,167) 62,730 247
2014 2015 2016 8 31 130.776.262.7 20142015 8 31 2016 8 31 62.7[ ] 2015 8 31 74.7 2016 8 31 285.6 [ ] 8 31 2014 2015 2016.................. 12,784 18,399 27,340............................. 8,749 12,415 16,961............................... 3,319 4,731 6,107............................... 4,397 5,813 4,622............................. 13,756 30,142................................... 792 3,269 2,468 30,041 58,383 87,640 20152016 8 31 2015 9 248
201420152016 8 31 66.1 100.3144.4 2014 20152016 8 31 107.6 131.5 206.7 44.9% 36.1% 38.0% (i) (ii)[ ] (iii)[ ] (iv) 2016 8 31 285.6 249
8 31 2014 2015 2016.................. 49,399 85,105 97,118.................. (47,489) (80,663) (53,822).................. 13,936 26,725 167,516.............. 15,846 31,167 210,812.................. 27,734 43,580 74,747.................. 43,580 74,747 285,559 2016 8 3197.1 52.0 45.7(i)44.1 2016/2017(ii) 12.9 8.9 4.5 (i) 9.4 (ii)[ ] 1.8 2015 8 31 85.1 36.9 48.3(i)34.2 2015/2016(ii) 14.6 250
2014 8 31 49.4 26.7 22.8(i)18.3 2014/2015(ii) 8.33.8 2016 8 31 53.8 (i)71.6 (ii) 29.6 (iii)54.3(i) 99.6 (ii)1.8 2015 8 31 80.7 (i)157.2 (ii) 19.4 88.5 7.4 2014 8 31 47.5 (i) 51.9 (ii) 14.4 16.4 2.3 [ ] (i) (ii) 251
2016 8 31 167.5 (i)[ ] 250.0 (ii) 30.0(iii) 4.3 109.0 9.6 2015 8 31 26.7 79.011.29.5 (i) 50.0 (ii)20.4 (iii) 7.2 2014 8 31 13.9 17.7 40.0(i)37.4 (ii) 5.0(iii) 2.3 [ ] [ ] [ ] 12 252
8 31 2014 2015 2016....................... 14,372 32,670 87,841............................... 29,598 14,372 32,670 117,439 [ ] 8 31 2014 2015 2016........................ 4,717 4,620 8,262 120 8 31 2014 2015 2016................................. 4,167 4,371 4,437........................ 15,785 14,764 24,941................................. 34,323 31,002 66,841 54,275 50,137 96,219 253
2014 8 31 54.3 4.2 7.6% 2015 8 31 50.1 2015 8 31 2015 8 31 50.1 46.1 91.9% 2016 8 31 96.22015 9 2016 8 31 8 31 2014 2015 2016............................. 30,000 49,000............................. 20,000 30,000 50,000 79,000............................. 50,000 79,000........................... 40,000 79,000........................... 10,000 50,000 79,000 20142015 8 31 (i) (ii) (iii) 2016 8 31 2014 2015 8 31 7.22% 7.85% 2014 8 31 130% 254
8 31 2014 2015 2016............................. 3,189 4,205............................. 6,506 3,144 9,695 7,349 8 31 2014 2015 2016................................... 12.96% 12.96% 2015 2016 8 31 5,899,000 4,343,000 255
201420152016 8 31 [ ] 8 31 2014 2015 2016.................. 47,995 39,652 1,428..... 5,950 4,889.................. 1,600 2,827.................. 1,071 56,616 47,368 1,428 8 31 2014 2015 2016.................. 300 2016 8 31 2016 8 31 256
[ ] [ ] [ ] 27.7 [] [] [ ] [ ][ ] 2016 8 31 1.8 [ ] [ ] [ ] [ ] 2017 8 31 [ ] 8 31 2014 2015 2016 (1)............................. 0.4 0.7 1.3 (2)............................... 20.7% 25.7% 26.9% (3)........................... 8.5% 8.8% 8.0% (4)........................... 71.1% 53.4% 20.2% (5)......................... 1.5 1.4 0.0 (6)........... 0.2 0.2 (0.9) (7)........................... 9.2 4.8 22.4 1. 2. 3. 4. 5. 6. 7. 257
2014 8 31 0.4 2015 8 31 0.7 2016 8 311.3 [ ] 2015 8 31 74.7 2016 8 31 285.6 2014 8 31 20.7% 5 2015 8 31 25.7%1.2 2016 8 31 26.9% (i)2015 8 31 (ii) 2016 8 31 [ ] 20142015 8 31 8.5% 8.8%26.9%2016 8 31 8.0%[ ] 2015 8 31 364.32016 8 31 543.6 2014 8 31 71.1% 2015 8 31 53.4%2016 8 31 20.2%2014 2015 2016 8 31 34.265.1295.8 (i)(ii) (iii) 2016[ ] 2014 8 31 1.5 2015 8 31 1.47.3 2016 8 31 258
2014 2015 8 31 0.2 2016 8 310.9 [] 2014 8 31 9.2 2015 8 31 4.8 2016 8 31 22.4(i)(ii) 2016 8 31 7.3 201420152016 8 31 8 31 2014 2015 2016............ 10,000 68,500 30,000 582 5,745 1,808...... 56% 44% 30,000 20,000 1,746 1,677 40,000,000 79,000,000 20142015 2016 8 31 30 259
8 31 8 31 2014 2015 2016 2014 2015 2016..................... 5,000 5,000 5,000 5,000 5,000..................... 56% 44% 61,500 60,700 2,064 61,500 61,700 61,700............... 10,600 10,600 10,600 10,600 10,600......................... 61,823 10,000 61,823 94,423..................... 5,391 10,692 672 5,391 10,692 11,022.. 56% 44% 1,000 1,000 1,000 1,000 1,000................... 2,421 1,023 3,000 1,925..................... 4,668 10,125..................... 81,943 83,491 152,236 8,427 260
8 31 2014 2015 2016................ 300................ 47,995 39,652 1,428... 5,950 4,889................ 1,600 2,827................ 1,071 56,916 47,368 1,428 * 19 [ ] 2016 8 31 261
10% 50% 25% 201420152016 8 31 61,350,000 23 24 262
(a) 50 50 2014 2015 2016 8 31 500,000 263
(b) 2014 8 31 3 3 6 6 12 1 5 25,644 25,644 25,644............................... 56,616 56,616 56,616............ 300 300 300......................... 7.40% 912 10,952 41,357 53,221 50,000 83,472 10,952 41,357 135,781 132,560 264
2015 8 31 3 3 6 6 12 1 5 52,570 52,570 52,570............................... 47,368 47,368 47,368................ 12.96% 1,047 1,039 1,259 7,954 11,299 9,695......................... 7.93% 32,017 18,144 30,000 80,161 79,000 133,002 19,183 31,259 7,954 191,398 188,633 2016 8 31 3 3 6 6 12 1 5 83,018 83,018 83,018............................... 1,428 1,428 1,428................ 12.96% 2,619 1,730 3,605 7,954 7,349 84,446 2,619 1,730 3,605 92,400 91,795 (c) 265
13.13 13.19 2016 8 31 2016 8 31 4.292016 8 31 2016 8 31 [ ] 2016 8 31 266
2016 8 31 [ ] [ ] 2016 8 31 2016 8 31 1 2 3 4 [ ] [ ][].............. 295,791 [] [] [] [] [ ] [ ][].............. 295,791 [] [] [] [] (1) 2016 8 31 (2) [] [][][][] 2016 8 31 [ ] 1.00 1.163 (3) [] [ ] (4) 2016 8 31 2016 8 31 1.163 1.00 267
[ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] (i) [ ] [ ] [ ] [](ii) [][] [ ] [ ] [ ] [ ] [ ][] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 268
[ ] [ ] [ ] [ ] [ ] [ ] (i)[] [ ] (ii)[ ] [ ] [ ] [ ] 269
[ ] 270
[ ] 271
[ ] [ ] 272
[ ] 10.07[] 10.07(2) (2) (i) (ii) [ ] (a) [ ] 10.07(2) (2) (b) 273
[ ] [ ] 10.07(2) (2) (a) [ ] (b) [ ] [] [ ] [ ] [ ] 274
[ ] [ ] % []% [ ] [ ][] [ ] [ ] [ ] [ ] [] [] [ ] 3A.19 [ ] 13.46 [ ] 275
[ ] [ ] 276
[ ] [ ] 277
[ ] [ ] 278
[ ] [ ] 279
[ ] [ ] 280
[ ] [ ] 281
[ ] [ ] 282
[ ] [ ] 283
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2016 8 31 [] 2016 6 14 2016 8 29 2014 8 31 2015 8 31 2016 8 31 Bojun Education Investment 50,000 100% 100% Holdings Company Limited........ 2016 6 7 10,000 100% 100% 2016 6 14........ I-1
2014 8 31 2015 8 31 2016 8 31 USA Bojun Education Inc.................. 2016 8 19 80,000 100%........ 2016 7 26 120,000,000 100% 100% 90% 90% 100% 100% 2012 4 27 12,000,000................ 2015 9 29 10,000,000 100% 100%........ 2016 4 20 1,000,000 100% 100%...... 2002 8 12 30,000 82% 82% 100% 100% I-2
2014 8 31 2015 8 31 2016 8 31...... 2003 5 12 60,000 82% 82% 100% 100%...... 2003 6 18 50,000 82% 82% 100% 100%...... 2009 2 23 100,000 82% 82% 100% 100%...... 2010 3 15 100,000 82% 82% 100% 100%...... 2013 9 27 600,000 100% 100% 100% 100% 8 31 8 3112 31 I-3
................ 20132014 2015 12 31................ 2015 12 31.............. 20132014 2015 12 31.............. 20132014 2015 12 31.............. 20132014 2015 12 31.............. 20132014 2015 12 31.............. 20132014 2015 12 31.............. 20132014 2015 12 31 I-4
3.340 A2 A2 2014 2015 2016 8 31 I-5
A. 2016 8 31 8 31 2014 2015 2016.......................... 6 85,908 103,223 135,371...................... (62,328) (67,919) (85,984).......................... 23,580 35,304 49,387...................... 7a 2,406 7,580 2,044............... 7b (37) (207) (279)...................... 7c (3,058)...................... (4,647) (7,077) (7,683)...................... 8 (2,328) (7,422) (1,808)..................... 18,974 28,178 38,603.......................... 9 (1,156) (1,680) (2,181)...................... 10 17,818 26,498 36,422....... 25 (65) (643) (359)............... 17,753 25,855 36,063................. 15,494 23,624 33,989................... 2,324 2,874 2,433 17,818 26,498 36,422................. 15,435 23,045 33,659................... 2,318 2,810 2,404 17,753 25,855 36,063............ 13 0.04 0.06 0.08 I-6
201420152016 8 31 8 31 2014 2015 2016............... 14 107,611 131,546 206,673................... 15 28,611................... 16 640 299.......................... 18 377 377 3,377............... 19a 5,000 5,000............... 19b 52,100 11,600............... 483 596 165,728 149,305 239,257................... 15 987..................... 18 4,096 4,586 9,369............... 19b 26,391 135,636 8,427................... 19e 1................. 20 43,580 74,747 285,559 74,067 214,969 304,343......... 21 30,041 58,383 87,640...................... 22 66,125 100,306 144,389............... 19c 56,616 47,368 1,428............... 19d 300.............. 23 3,189 4,205.......................... 24 50,000 79,000..................... 1,678 2,890 3,951 204,760 291,136 241,613 (130,693) (76,167) 62,730 35,035 73,138 301,987 I-7
8 31 2014 2015 2016.............. 23 6,506 3,144................... 25 813 1,555 3,052 813 8,061 6,196...................... 34,222 65,077 295,791................. 26 11,679 15,679 1.......................... 18,538 41,583 295,790................... 30,217 57,262 295,791..................... 4,005 7,815 34,222 65,077 295,791 I-8
2016 8 31 8 31 2016.................................. 17 328 328 [ ]............................................ 1,799.......................................... 19e 1.................................. 19f 120,000........................................ 20 130,000 251,800...................................... 19g 5,185.......................................... 246,615...................................... 246,943................................................. 26 1................................................. 27 246,942 246,943 I-9
2016 8 31 i ii 2013 9 1............. 11,079 1,496 1,607 14,182 1,687 15,869................... 15,494 15,494 2,324 17,818........... (59) (59) (6) (65)........... (59) 15,494 15,435 2,318 17,753 26............... 600 600 600...................... 4,847 (4,847) 2014 8 31............ 11,679 6,343 (59) 12,254 30,217 4,005 34,222................... 23,624 23,624 2,874 26,498........... (579) (579) (64) (643)........... (579) 23,624 23,045 2,810 25,855 26............... 4,000 4,000 1,000 5,000...................... 7,252 (7,252) 2015 8 31............ 15,679 13,595 (638) 28,626 57,262 7,815 65,077................... 33,989 33,989 2,433 36,422............... (330) (330) (29) (359)........... (330) 33,989 33,659 2,404 36,063 26............... 4,900 4,900 1,100 6,000 26........ 1 1 1 26........... 250,000 250,000 250,000 12........... (56,850) (56,850) (4,500) (61,350)...................... 10,308 (10,308) iii a........ 3,361 3,458 6,819 (6,819) iii b........ (23,940) 23,940 2016 8 31............ 1 250,000 27,398 23,903 (968) (4,543) 295,791 295,791 I-10
(i) 25% (ii) A 2 (iii) (a)(b) A2 I-11
2016 8 31 8 31 2014 2015 2016.............................. 18,974 28,178 38,603.................. 7,388 8,530 12,222.............................. 2,328 7,422 1,808........... 36 148 255.............................. (2,375) (7,469) (2,013)...................... 330 99 1,138.............. 26,681 36,908 52,013....... (3,812) (490) 11,233.......................... 18,270 34,181 44,083............ 8,330 14,586 12,871............................ 49,469 85,185 97,734.......................... 47 47 205............................ (117) (127) (821).................... 49,399 85,105 97,118.................. (14,372) (19,397) (71,568).......................... (29,598)........... 80 57 237.................. 2,328 7,422 1,808................ (40,000) (88,500) (30,000).................. 15,000 88,500 30,000........................ (11,915) (68,745) (24,328).......................... 1,390 69,627.................... (47,489) (80,663) (53,822) I-12
8 31 2014 2015 2016.............................. (2,328) (7,227) (809).................... 300.................... (300).............................. (5,000) (50,000) (109,000)................ 600 5,000 256,000.................... 40,000 79,000 30,000...................... 9,500.......................... (3,345).................... 17,730 11,185 4,288.................... (37,366) (20,433) (9,618).................... 13,936 26,725 167,516................ 15,846 31,167 210,812.................... 27,734 43,580 74,747.................... 43,580 74,747 285,559 I-13
1. 2016 6 14 22 1961 3 2. 2016 2016 8 29 2016 8 29 I-14
(a) (b) (c) (d) (e) (f) (g)(h) (i) (j) (k)(l) (m) (n)(o) (p) (q)(r)(s) (t)(u) I-15
8 31 2014 2015 2016................................ 85,908 103,223 135,371........................... 18,974 28,178 35,529 8 31 2014 2015 2016........................... 165,728 149,305 239,257............................ 74,067 214,969 94,976............................ 204,760 291,136 236,428........................... 813 8,061 6,196 3. 2015 9 1 9........... 1 14.......... 2 15.......... 1 16.......... 3 2..... 1 11.... 4 15.... 15 1 1......... 4 16 4 38.................. 20122014 4 16 41...... 4 I-16
27........ 4 10 28...... 10 12 28...... 5 4 7......... 6 12........ 6 1. 2018 1 1 2. 2016 1 1 3. 2019 1 1 4. 2016 1 1 5. 6. 2017 1 1 9 92009 92010 2013 9 2014 7 ab 39 9 I-17
9 39 39 9 9 2016 8 31 15 15 2014 7 15 18 11 I-18
15 15 1515 152016 6 (i)(ii) (iii) 15 16 16 17 12 16 17 I-19
16 17 2014 20152016 8 31 28 16 4. 2 17 2 36 I-20
I-21
I-22
I-23
I-24
I-25
12 I-26
I-27
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5. 4 I-30
14 6. 4 I-31
2014 2015 2016 8 31 2014 8 31................................ 32,767 51,116 83,883.............................. 2,025 2,025................................ 32,767 53,141 85,908 2015 8 31................................ 39,400 61,614 101,014.............................. 2,209 2,209................................ 39,400 63,823 103,223 2016 8 31................................ 49,917 82,639 132,556.............................. 2,815 2,815................................ 49,917 85,454 135,371 10% 7. a. 8 31 2014 2015 2016........... 2,328 7,422 1,808..................... 47 47 205............................ 31 111 31 2,406 7,580 2,044 I-32
b. 8 31 2014 2015 2016....................... (36) (148) (255)............................ (1) (59) (24) (37) (207) (279) c. 8 31 2014 2015 2016 [ ].......................... [ ] 8. 8 31 2014 2015 2016................. 2,328 7,227 809................. 195 999 2,328 7,422 1,808 I-33
9. 25% 2015 1 1 15% 8 31 2014 2015 2016............. 1,796 1,339 1,882 16................. (640) 341 299 1,156 1,680 2,181 I-34
8 31 2014 2015 2016........................... 18,974 28,178 38,603 25%.............. 4,744 7,045 9,651........................... 114 2 38......... (3,702) (5,367) (7,508)............................ 1,156 1,680 2,181 10. 8 31 2014 2015 2016 56 130 215.................... 28,951 33,803 41,308.......................... 6,018 5,878 7,536.......................................... 3,016 3,327 3,913........................ 330 99 1,138.......................... 38,371 43,237 54,110................ 6,023 6,666 7,399.................. 7,388 8,530 12,222............................. I-35
11. 2016 6 14 2016 9 30 2016 9 30 2016 9 30 2014 8 31 *........................ *................................................. 25 31 56 25 31 56 2015 8 31 *........................ *................................................. 93 37 130 93 37 130 I-36