2898 2015

2 3 4 7 10 20 29 31 32 33 35 36 38 39 100 1 2015

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 2015 2

175,000,000 2015 2014 3 2015

286,514,000 10.5% 256,439,000112,344,000 11.5%99,460,000 68,846,00099.3% 452,000 67,905,00037.6% 42,366,000 53,000 175,466,000 16% 16% 3% 3% 116,920,00020,184,00038,362,000 (1) (2) (3) 203,877,000 14,908,000 (1) 69,610,000 (2) 175,466,000 14.07 1.03 2015 4

85.5% 14.5% 17,564,000 189,173,000 226,838,000 73.8% 79.2% 506 80,000 25 20152014 67,266,000 59,676,00026.2% 20.8% 3.0% 3.4% 5 2015

(1)(2) 334,714,000 377,334,000 246,989,000 285,602,000 113,093,000 133,450,000 241,538,000 444,855,000 175,000 439,000 50% 33% 784 729 2015 6

51 68 41 University of La Verne 43 Western University 7 2015

56 52 1513 600185 600859 300134 39 50 2015 8

45 46 University of Strathclyde 46 9 2015

E.1.2 A. A1. 2015 10

A2. 3.10 3.10A A3. 11 2015

A4. A5. A.6.5 2015 12

A6. 7/7 1/1 1/1 0/1 0/1 7/7 1/1 0/1 0/1 7/7 1/1 0/1 7/7 0/1 1/1 7/7 2/2 1/1 1/1 0/1 1/1 2/7 0/2 0/1 0/1 0/1 0/1 3/7 2/2 1/1 1/1 0/1 0/1 0/7 0/1 0/1 0/1 0/1 A7. A8. D.3.1 (i)(ii) (iii) (iv)(v) 13 2015

B. (www.hkexnews. hk) B1. B2. B.1.2(c)(ii) A6 2015 14

B2. B.1.5 0 1,000,000 1 1,000,001 1,500,000 2 7 B3. A.5.6 A6 15 2015

B3. B4. 3.10(2) A6 C. 2015 16

D. E. 15 F. 1,030,000 300,000 1,330,000 17 2015

G. www.longruntea.com 1222 2201 93007A-B (852) 3904 3464/(852) 2955 1887 ird@longruntea.com E.1.2 2015 18

H. (1) 58 (2) 88 19 2015

17 31 99 100 13 30 31(b) 2015 20

119,798,000 501,000 70% 35% 55.50% 68% 68% 5% 30% 87 21 2015

36 XV78 352 + 804,564,500 55.50% 43,895,500 3.02% 1,100,000 0.07% 16,880,000 1.16% + 2015 22

XV XV7 8 352 30 336 5% + 1 804,564,500 55.50% 110,000,000 7.58% 100,000,000 6.89% 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. 23 2015

2. Excel Precise International Limited True Promise Investments Limited25% 73.5% True Promise Investments LimitedTrue Promise Investments Limited Excel Precise International Limited + 336 25% (A) 30(a) 17 (B) 2015 24

(B) 1 1,500,000 1,500,000 2,500,000 2,500,000 0.4 0.4 4,000,000 4,000,000 1. 2. 14A (1) 90% 10% (i) 10%(ii) 10% 25 2015

(1) 150,000,000170,000,000190,000,000 111,657,000 170,000,00036(a) (2) 85.5% 14.5% ) 28,000,00034,000,000 40,000,000 17,564,000 28,000,00036(a) (a) (b)(c) 2015 26

3000 740 27 2015

18322 2015 28

3199 29 2015

1 22 2015 30

4 256,439 286,514 (156,979) (174,170) 99,460 112,344 4 9,618 9,737 452 68,846 32 151 (94,233) (102,967) (42,366) (67,905) 15 (4,884) (4,884) (175,466) (53) 6 (22) (131) 5 (207,441) 15,138 9 3,564 (230) (203,877) 14,908 10 (203,877) 14,908 12 (14.07) 1.03 (14.07) 1.03 11 31 2015

(203,877) 14,908 560 (124) 560 (124) (203,317) 14,784 (203,317) 14,784 2015 32

13 21,193 66,812 14 5,360 5,489 15 25,068 16 116,920 26,553 214,289 18 341 19 31,079 26,450 20 41,260 42,821 21 15,386 18,208 22 170 23 3,742 165,053 185,239 24 81,936 100,363 334,714 377,334 25 35,996 51,064 26 60,651 68,707 27 175 264 36(b) 1,803 1,922 36(b) 12,978 10,951 1,490 542 113,093 133,450 221,621 243,884 248,174 458,173 33 2015

27 175 6,259 6,297 28 377 6,846 6,636 13,318 241,538 444,855 29 72,476 72,476 31(a) 169,062 372,379 241,538 444,855 2015 34

31(a) 31(a) 72,476 252,319 300 4,098 26,068 74,810 430,071 14,908 14,908 (124) (124) (124) 14,908 14,784 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 * 169,062,000 372,379,000 35 2015

(207,441) 15,138 4 (16) (21) 32 (151) 6 22 131 4 (6,213) (5,375) 5 (79) 18 5 16,072 14,878 5 143 140 5 116,920 5 38,362 5 20,184 5 (452) (68,846) 4,884 4,884 5 413 627 5 (347) (1,056) 5 1,151 3,255 (16,397) (36,378) (5,787) (3,813) 1,495 (4,836) 3,258 (1,002) 3,742 (3,742) (119) (1,685) (15,068) 25,252 (8,239) 20,443 235 6,457 (36,880) 696 (1,250) (1,959) (6,522) (38,839) (7,076) 5,777 7,358 (8,710) (11,747) 796 83,633 90 249 145 16 21 32 (72) 20,186 (88,934) 18,314 (9,506) 2015 36

(264) (11,868) 2,027 (5,590) (91) (22) (40) 1,741 (17,589) (18,784) (34,171) 100,363 134,382 357 152 81,936 100,363 24 51,798 64,105 24 30,138 40,000 23 (3,742) 81,936 100,363 37 2015

13 21 7 17 137,470 152,795 137,491 152,802 17 75,586 48,906 21 181 224 24 77 77 75,844 49,207 26 9,056 9,146 36(b) 12,005 9,988 21,061 19,134 54,783 30,073 192,274 182,875 29 72,476 72,476 31(b) 119,798 110,399 192,274 182,875 2015 38

1. 2.1 32 (i) (ii) (iii)(i) (ii) (iii) 39 2015

2.2 10 12 27 32 39 21 2 3 13 1 1 1 1 1 (a) (b) 10 12 272011 12 10 32 32 2015 40

2.2 (c) 39 (i) (ii) (iii) (d) (e) (f) (g) 21 37 21 2(i) (ii)(iii) (iv) (v) 3 9 39 13 41 2015

2.3 9 4 10 2 28 10 2 12 28 11 2 14 5 15 3 1 2 16 2 38 16 2 41 19 1 27 2 1 1 2 1 2 3 4 5 2015 42

2.3 9 39 9 9 9 10 28 10 28 10 12 28 11 3 11 15 15 15 1515 43 2015

2.3 1 16 38 16 38 2.2 8 8 2.4 (a) (b) (c) 2015 44

2.4 39 39 45 2015

2.4 2015 46

2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (a) (a)(i) 47 2015

2.4 5 5% 20% 20% 20% 30% 30% 2015 48

2.4 5 10 49 2015

2.4 39 2015 50

2.4 (a) (b) 51 2015

2.4 2015 52

2.4 53 2015

2.4 2015 54

2.4 (a) (b) (c) (d) (e) 30 55 2015

2.4 2015 56

2.4 2.5 57 2015

2.5 28 116,920,000 116,920,00016 20,184,00038,362,000 16 2015 58

3. (a) (b) 59 2015

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 2015 60

3. (a) 59,676 226,838 286,514 1,427 3,085 4,512 61,103 229,923 291,026 (2,459) (14,297) (16,756) 5,375 68,846 21 (42,217) (131) 15,138 61,871 240,007 301,878 170 3,742 185,239 100,363 231 591,623 28,456 91,350 119,806 6,846 542 439 19,135 146,768 3,556 454 4,010 (788) (396) (1,184) 3,598 16,304 19,902 * 3,251 8,496 11,747 * 61 2015

3. (b) (i) 238,937 271,534 8,854 11,140 8,648 3,840 256,439 286,514 (ii) 25,775 212,842 778 1,447 26,553 214,289 10% 2015 62

4. 256,439 286,514 2,225 1,381 16 21 6,213 5,375 165 1,408 1,127 920 425 9,539 9,737 79 9,618 9,737 63 2015

5. 152,353 168,573 13 16,072 14,878 14 143 140 19,380 14,670 1,030 1,120 7 49,279 40,367 1,786 1,815 51,065 42,182 * 1,151 3,255 # (113) 52 # 20 413 627 @ 13 38,362 @ 15 20,184 @ 16 116,920 # 20 (347) (1,056) (452) (68,846) 4 (79) 18 ^ (165) (1,408) * # @ ^ 2015 64

6. 91 22 40 22 131 91,000 7. 32161 288 288 288 288 5,127 4,661 * 25,125 47 60 5,174 29,846 5,462 30,134 * 65 2015

7. (a) 72 72 72 72 72 72 72 72 288 288 (b) 2,322 18 2,340 1,950 1,950 607 18 625 248 11 259 5,127 47 5,174 2015 66

7. (b) HK$ 000 2,060 3,420 15 5,495 1,717 21,705 15 23,437 624 15 639 260 15 275 4,661 25,125 60 29,846 8. 7 3,406 3,212 1,000 53 44 3,459 4,256 67 2015

8. 1,000,000 1 1,000,0011,500,000 2 2 1,500,0012,000,000 1 3 3 9. 16.5% 461 (461) 2,758 2,619 610 (1,869) 28 (6,471) (981) (3,564) 230 2015 68

9. % % % (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 % % % 26,259 (11,121) 15,138 4,333 16.5 (2,778) 25.0 1,555 10.3 (207) 1.9 (207) (1.4) (1,869) 16.8 (1,869) (12.3) (10,767) (41.0) (65) 0.6 (10,832) (71.6) 4 1,909 (17.2) 1,913 12.6 7,106 27.1 2,670 (24.0) 9,776 64.6 (87) (0.3) (87) (0.6) (128) (0.5) 109 (1.0) (19) (0.1) 461 1.8 (231) 2.1 230 1.5 69 2015

9. 15% 10. 11,629,000 37,344,000 31(b) 11. 12. 203,877,000 14,908,000 1,449,520,000 1,449,520,000 2015 70

13. * 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 71 2015

13. * 34,754 27,858 10,616 4,544 16,458 5,379 2,085 17,930 119,624 (13,313) (12,083) (4,344) (2,347) (13,514) (3,799) (49,400) 21,441 15,775 6,272 2,197 2,944 1,580 2,085 17,930 70,224 21,441 15,775 6,272 2,197 2,944 1,580 2,085 17,930 70,224 265 1,765 4,503 34 113 454 4,613 11,747 (3) (22) (25) (1,773) (8,469) (1,890) (33) (1,663) (1,050) (14,878) 19,841 (19,841) (17) (225) (235) (6) 19 1 (4) 211 (256) 19,916 28,687 8,647 2,170 1,413 985 2,081 2,913 66,812 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 * 13,952,000 19,916,000 36,000 2015 72

13. 17 16 29 62 (17) (13) (25) (55) 3 4 7 3 4 7 22 22 (1) (7) (8) 2 19 21 17 16 51 84 (17) (14) (32) (63) 2 19 21 73 2015

13. 17 14 29 60 (17) (10) (19) (46) 4 10 14 4 10 14 2 2 (3) (6) (9) 3 4 7 17 16 29 62 (17) (13) (25) (55) 3 4 7 2015 74

14. 5,629 5,783 (143) (140) 14 (14) 5,500 5,629 (140) (140) 5,360 5,489 15. 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) (5,255) (14,929) (20,184) 12,461 35,397 47,858 (12,461) (35,397) (47,858) 75 2015

15. 12,461 35,397 47,858 (4,662) (13,244) (17,906) 7,799 22,153 29,952 7,799 22,153 29,952 (1,272) (3,612) (4,884) 6,527 18,541 25,068 12,461 35,397 47,858 (5,934) (16,856) (22,790) 6,527 18,541 25,068 16. 116,920 (116,920) 16% 16% 3% 3% 2015 76

16. 117,000,00012,000,000 20,184,00038,362,000 (i)(ii) (iii) 17. 207,794 207,794 (25,000) (25,000) # (45,324) (29,999) 137,470 152,795 # 45,324,000 29,999,000 77 2015

17. 200 100 100 10 * 100,000 100 100 100,000 100 100 100,000 100 100 1 100 100 2 100 100 ** 31,580,900 100 100 1 100 100 25,000 100 100 1 100 100 1 100 100 1 100 100 2015 78

17. 1 100 100 ** 47,000,000 100 100 ** 10,000,000 100 100 ** 18,600,000 100 100 1 100 100 ** 8,000,000 100 100 * 1,000,000 ** 79 2015

18. 341 24,459 (341) (24,118) 341 341,000 24,118,000 341,000 19. 2,613 3,075 12,344 10,285 8,796 5,528 4,112 4,968 3,214 2,594 31,079 26,450 20. 41,557 42,204 505 1,353 42,062 43,557 (802) (736) 41,260 42,821 2015 80

20. 30180 11,448 38,249 24,148 2,830 5,664 1,719 23 41,260 42,821 26,047 40,220 15,209 1,463 4 1,115 23 41,260 42,821 736 1,165 5 413 627 5 (347) (1,056) 802 736 81 2015

20. 802,000 736,000 802,000 736,000 7,293,000 21. 5,000 4,334 10,386 13,874 181 224 15,386 18,208 181 224 2015 82

22. 170 23. 3,742,000 24. 51,798 64,105 77 77 30,138 40,000 81,936 104,105 77 77 23 (3,742) 81,936 100,363 77 77 29,012,000 41,174,000 83 2015

25. 90 30,958 41,175 3,243 7,281 361 1,600 1,434 1,008 35,996 51,064 1,244 1,458 11,676 3,014 1,821 22,879 2,098 7,165 1,144 17,983 34,516 90% 10% 2015 84

26. 29,856 41,644 26,755 24,585 9,056 9,146 4,040 2,478 60,651 68,707 9,056 9,146 27. 180 285 175 264 180 175 180 465 175 439 (5) (26) 175 439 (175) (264) 175 85 2015

28. 8,069 9 (1,221) (2) 6,846 9 (6,471) 2 377 240 9 (240) 187,842 156,627 93,410 91,360 1,003 766 188,845 157,393 93,410 91,360 2015 86

28. 157,446,000 140,585,000 30,396,000 16,042,000 10% 5% 91,938,485 150,062,000 29. 5,000,000,0000.05 250,000 250,000 1,449,520,000 1,449,520,000 0.05 72,476 72,476 30 87 2015

30. (a) 144,952,000 10% 1% 0.1% 5,000,000 2810 10 (i) (ii) (iii) 2015 88

30. (b) 1 50,000,000 0.4 4,000,000 0.4 (4,000,000) * ** 1,500,000 0.4 2,500,000 0.4 4,000,000 * ** 75% 25% 89 2015

31. (a) 35 (b) 252,319 46,999 4,098 (143,944) 159,472 (49,073) (49,073) 252,319 46,999 4,098 (193,017) 110,399 (4,098) 13,497 9,399 252,319 46,999 (179,520) 119,798 2015 90

32. 6 1,446 (229) 1,223 151 1,374 1,374 1,374 (1,446) (72) 33. 91 2015

34. (a) 208 1,260 988 8,312 (b) 1,196 9,572 12,855 14,572 184 436 25,380 25,425 58,771 64,134 97,006 104,131 184 436 2015 92

35. 34 78 25,008 24,948 25,008 25,026 36. (a) (i), (iv) 17,564 (iii), (iv) 27,198 35,839 (iii), (iv) 20,013 25,312 (iii), (iv) 5,258 (iii), (iv) 2,524 4,740 (ii), (iv) 56,664 67,923 111,657 133,814 (i) (ii) (iii) (iv) 85.5% 14.5% 90% 10% 14A 93 2015

36. (b) (i) (ii) Long Run Pharmaceuticals Group Limited Long Run Pharmaceuticals Group Limited 90% 10% (c) 12,295 37,816 188 188 12,483 38,004 37. 22 2015 94

38. 95 2015

38. 170 170 39. 2015 96

39. % 2.55 5,015 (2.55) (5,015) % 2.67 5,808 (2.67) (5,808) 27.7% 18.3% 97 2015

39. 180 180 35,996 35,996 30,795 30,795 1,803 1,803 12,978 12,978 81,752 81,752 285 180 465 51,064 51,064 27,063 27,063 1,922 1,922 10,951 10,951 91,285 180 91,465 2015 98

39. 12,005 9,988 9,056 9,146 21,061 19,134 119,729 146,768 241,538 444,855 49.6% 33.0% 40. 99 2015

256,439 286,514 271,215 344,258 394,955 (207,441) 15,138 6,145 60,891 84,126 3,564 (230) (5,223) (28,294) (25,347) (203,877) 14,908 922 32,597 58,779 (203,877) 14,908 6,397 36,028 59,477 (5,475) (3,431) (698) (203,877) 14,908 922 32,597 58,779 361,267 591,623 561,046 539,931 487,391 (119,729) (146,768) (130,975) (122,824) (111,326) 3,177 21 241,538 444,855 430,071 420,284 376,086 2015 100