Bright Smart Securities & Commodities Group Limited 166,800,000 16,680, ,120, % 0.005% 0.004% C

Bright Smart Securities & Commodities Group Limited 1428

Bright Smart Securities & Commodities Group Limited 166,800,000 16,680,000 150,120,000 1.62 1% 0.005% 0.004% 0.30 1428 32342C 1.621.35

(1) (2)........................................ (3)......... www.hkeipo.hkeipo (4)................ eipo............. (2)......................... (5)................................................................... www.hkexnews.hk (6) www.bsgroup.com.hk.... (7)(8)........................ i

(1)............... (1) (2) (3) (4) www.hkeipo.hk (5) 1.62 1.62 (6) (7) ii

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(i) (ii) 3,686 2,063 3,682 68.9%23.7%35.1% 385 776 1,176 60.3% 83.1%73.0%4,071 2,839 4,858 68.0%29.4%40.1% B 1

0.909%1.074%1.091% 0.0668% 500.085%50 0.15%100 0.01% 75.0% 85.6%87.6% 3,686 2,063 3,682 68.9%23.7%35.1%....... 5,348 8,708 10,494............. 3,686 2,063 3,682............... (326) (277) (368)................ 8,708 10,494 13,808........ 5,933 5,380 7,736................... 100.3 62.3 92.7 2

5,933 5,380 7,736 300................. 734 1,476 2,010 301500..................... 159 405 575 5011,000.................... 230 660 887 1,0015,000................... 542 1,445 2,073 5,00110,000.................. 285 514 741 10,000.................... 3,983 880 1,450 5,933 5,380 7,736 9.2%7.7%11.0% 31.8%0.2%7.3% Manet GoodManet Good 3

Manet Good 1,844 34.9%76.9%87.3%.................... 0.34% 0.94% 1.26%....... 0.17% 0.69% 0.90% H................. 0.11% 0.21% 0.20% H.... 0.00% 0.03% 0.10% (Singapore Exchange Limited) 0.1 4.50%1.0%17.0% 4

385 776 1,176 60.3%83.1%73.0%..... 639 934 1,612........... 385 776 1,176............. (90) (98) (81).............. 934 1,612 2,707...... 351 653 1,177................. 3.8 10.2 21.9 5

351 653 1,177 300................. 94 102 157 301500..................... 30 37 45 5011,000.................... 45 63 108 1,0015,000................... 101 209 360 5,00110,000.................. 25 91 147 10,000.................... 56 151 360 351 653 1,177.................... 445 452 468................... 36 37 31 481 489 499..................... 143 157 171................... 143 157 171 499171 468 171 31 6

102.0%148.9% 14 4.89.03.6 7

57.1%65.4%72.2% 2008/09 9725.7% 173 42.2% 8

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80 4.89.03.6 10

14.25 14.25 5.3%12,270 230,85014.25 4.5 100,000 5 7 11

10 6,000 4,000 0.01% 12

..................... 176,353,024 78,742,697 140,240,061.................... 13,596,241 13,598,223 15,858,301.......... (451,822) (388,456) 98,558 189,497,443 91,952,464 156,196,920.................... (22,383,705) (22,618,027) (36,235,322)....................... (2,537,556) (3,506,427) (3,608,315)................ (32,733,432) (38,040,632) (35,743,667).................... 131,842,750 27,787,378 80,609,616.................... (59,702,174) (2,775,718) (8,398,836).................. 72,140,576 25,011,660 72,210,780..................... (12,056,535) (3,876,306) (11,926,761)............... 60,084,041 21,135,354 60,284,019 13

................ 11,606,313 9,485,834 12,238,793.................. 417,334,916 388,650,813 930,085,718.................... 428,941,229 398,136,647 942,324,511................ 107,175 287,656.................. 242,152,004 190,031,587 790,273,079.................... 242,259,179 190,319,243 790,273,079.................... 186,682,050 207,817,404 152,051,432............... 428,941,229 398,136,647 942,324,511... 2,563,434,106 48,569,478 (428,838,183)... (2,292,862) 3,823,113 (173,200)... (2,493,702,174) (53,675,718) 423,501,173................ 67,439,070 (1,283,127) (5,510,210)........ 164,324,949 163,041,822 157,531,612 14

176.4 55.3%78.7 31.4 16.1 15.1 13,0007,0008,000 15

1.35 1.62 1% 0.004%0.005% 1.35 1.62 (1).......................... 900 1,080 (2)........................ 14.9 17.9 (3)(4).................... 0.52 0.58 (1) 666,800,000 (2) 1.35 1.62 9.04666,800,000 (3) 1.351.62 666,800,000 (4) 116,050,00020,000,000 1.485 1.351.62218 248 196 90% 16

22 10% 1.62 16 1.35 21 248 272 229 17

116,050,00020,000,000 100(a) (b)50,000,000 11,403,857(c) 50,000,000 0.2386% 50,000,000 10% 7.5% 18

3A.07 2,273.3 250 148 443.9 19

(i)(ii) (iii)(iv)(v) 20

16 124 5 22

Super International Company Limited 23

32 Everhero Everhero International Limited 7.5% 20,000,000 24

Everhero99.99%0.01% 571N 2 eipo 25

120(1)121(1) 26

Manet Good Manet Good Company Limited 99.99%0.01% 27

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150,120,000 1%0.004%0.005% 16,680,000 29

S S 126 (i)(ii) 319 333 571 30

0.30 1 46 9 25,020,000 1 T + 2 31

eipo www.hkeipo.hk eipo % 1.00 7.76 32

(i) (ii) 235,000 33

59.0%92.1%81.7% 41.0%7.9%18.3% 34

176.4 55.3%78.7 31.4 16.1 15.1 13,0007,0008,000 4.50%3.60%1.05% 59.72.88.4 35

6.00 5.00 4.00 3.00 2.00 1.00 0.00 (1) (2) 1 1 20 14 36

T+2 T+2T+2 30 10.3 30.2 55.4 37

Manet GoodManet Good 152.5 132.7 608.6 649.6 435.3 1,934.2 503.0 1,718.2 59.0%92.1%81.7% 41.0% 7.9%18.3% 499 171 38

390,000 383,000 39

420,000 40

33 4,977(75,472) 2.2 7.30.0%1.0% 1.0% 41

116,050,00020,000,000 35%(a) (b)(c) 42

(i)(ii)(iii) (iv)(v) (vi)(vii)(viii) (ix)(x) (xi) 44

14A 46

571V (a) (b) (c) 16,680,000 150,120,000 47

3A.07 (i)289 274 (ii)275(1) 275(1A)275 (iii) 275 (a) 4A 48

(b) 275 (1) 274 275(2) 200,000 275(1A) (2) (3) 30 25,020,000 15% 49

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52 5 B7 11 12D 188 2 27C 3 10D 27 37 7E 398 9E

59B 88 4 6629 68 9 68 9 3A 10 10 8 53

15 44 Appleby 12 8 1 20 2001 2005 1 16 20 83 54

Scotia Centre 4th Floor P.O. Box 2804 George Town Grand Cayman KY1 1112 Cayman Islands 71 10 61 11 12D 61 55

Appleby Trust (Cayman) Ltd. Clifton House, 75 Fort Street, P.O. Box 1350 Grand Cayman, KY1-1108Cayman Islands 28 26 161 20 http://www.bsgroup.com.hk 56

312.3 241.2 253H United Company Rusal Limited 57

2,439 660 270% 623 1,332 25,000 20,000 15,000 10,000 5,000 0 58

25,000 20,000 15,000 10,000 5,000 0 1,158 116 H92 179,209 17440H5 1,347 1,400 1,200 1,000 800 600 400 200 0 6581,158 179,209 7 174 59

140 120 100 80 60 40 20 0 1 (NYSE Euronext) 11,838 9,209 2 (Tokyo Stock Exchange Group) 3,306 3,116 3 OMX (NASDAQ OMX) 3,239 2,249 4 (NYSE Euronext) 2,869 2,102 5 (London Stock Exchange) 2,796 1,868 6 2,705 1,425 7 2,305 1,329 8 (TMX Group) 1,608 1,033 9 (BM&FBOVESPA) 1,337 592 10 (Bombay Stock Exchange) 1,306 647 (The World Federation of Exchanges) 60

1 5 3 1034 5 163 521468 3122 61

T+2 11.0% (a) (b)(c) (d) 86% 62

5.6 98.5 120,000,000 100,000,000 80,000,000 60,000,000 40,000,000 20,000,000 0 2 214 171 43 HKATS HKATSHKATS HKATS 63

HKATSDCASS 15% 43 58.9% 100 21,239.4 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 64

200 95% 65

2,000 3,013.7 66

75%25 10 15% 10,000 24,850.4 46 0.25% 0.5% 1,000 832.3 2008/09 1.9% 21.5% 97 25.7%173 42.2% 67

3,229 3,372 Chicago Board of TradeChicago Mercantile Exchange New York Mercantile ExchangeICE Futures U.S. CME Group Inc. 961681 Chicago Butter and Egg Board CME Group Inc. NYMEX Holdings Inc. 1,8931,476 NYMEX Holdings Inc. 68

433 ICE Futures U.S.ICEF New York Board of TradeICE Futures U.S. New York Cotton Exchange Coffee, Sugar and Cocoa Exchange) ICEF ICEF81 93 Singapore International Monetary Exchange Gold Exchange of Singapore Stock Exchange of Singapore Singapore Exchange Limited 69

70 60 50 40 30 20 10 0 500,000 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 70

(a) (b) (c) (d) (e) (f) 72

(g) 1 2 3 4 5 6 7 8 9 (a) (b) (c) (d) 73

129(2) (a) 129(2)(a) (b) (i) (ii) (c) 116117 119 (i) (ii) (d) 116117 (e) 74

(a)(b) (a) (i) 100,000 459 (ii) 500,000 1 (iii) 3,000,000 145 9 (b) 5% (i) (ii) (iii) 405455575 75

Grain Futures ActGrain Futures AdministrationU.S. Department of Agriculture Grain Futures Commission Commodity Exchange Act Commodity Exchange Commission 76

(CFTC) (Commodity Futures Modernisation Act of 2000) Securities Industry Act Futures Trading Act Securities and Futures Act Monetary Authority of Singapore SGX Rules Singapore Code on Take-overs and Mergers Code on Collective Investment Schemes 77

BSSCBSSC 1.00 A4.5 BSSCGolden Jumbo Investment Limited Super International Company Limited 100% A 0.25% 1000.05%50 0.068% 50 0.0668%50 78

0.01% 15 15 11020 5 7 5 7 79

6,000 4,000 4,071 2,839 4,858 68.0%29.4%40.1% B 0.909%1.074%1.091% 15,946 80

100 50,000,000 11,403,857 50,000,00030.0% 10% 7.5% 7.5%20,000,000 7.5%20,000,000 11,403,857 50,000,000 0.2386% (i) 80%(ii) 83

3A.07 2,273.3 250 148 443.9 84

(i) (ii) 3,686 2,063 3,682 68.9%23.7%35.1% 3857761,17660.3%83.1% 73.0%4,0712,8394,858 68.0%29.4%40.1% B 14 1 14.25 14.25 75.0%85.6%87.6% 87

0.909%1.074%1.091% 25.0%14.4%12.4% 0.0668%50 0.085%50 0.15%100 0.01% 88

3,686 2,063 3,68268.9%23.7%35.1%...... 5,348 8,708 10,494............ 3,686 2,063 3,682.............. (326) (277) (368).. 8,708 10,494 13,808.................... 5,933 5,380 7,736.................. 100.3 62.3 92.7 5,9335,380 7,736 300.................. 734 1,476 2,010 301500...................... 159 405 575 5011,000..................... 230 660 887 1,0015,000.................... 542 1,445 2,073 5,00110,000................... 285 514 741 10,000..................... 3,983 880 1,450 5,933 5,380 7,736 89

5.3%12,270 230,85014.25 4.5 100,000 4.9%3.3%1.7% 15.1%10.1%6.3% 96.3%85.9%80.9% 90

40%75%10%70% 9.2%7.7%11.0% 1,844 3.68%7.5% 152.5 132.7 608.6 649.6435.31,934.2 3.6% 6.7%2.0%3.68%0.5%2.3% Manet GoodManet Good Manet Good 31.8%0.2%7.3% 91

163 V 3.7%6.6%8.5% 15.0%26.4%19.6% 1(j)1(i)(i) 21 92

34.9%76.9%87.3%.................... 0.34% 0.94% 1.26%....... 0.17% 0.69% 0.90% H................. 0.11% 0.21% 0.20% H.... 0.00% 0.03% 0.10% (Singapore Exchange Limited) 80 12 70 0.1 4.50%1.0%17.0% 93

307 1.57 4.56 8.840 2 94

385 776 1,176 60.3%83.1%73.0%...... 639 934 1,612............ 385 776 1,176.............. (90) (98) (81).. 934 1,612 2,707....... 351 653 1,177.................. 3.8 10.2 21.9 95

351 653 1,177 300.................. 94 102 157 301500...................... 30 37 45 5011,000..................... 45 63 108 1,0015,000.................... 101 209 360 5,00110,000................... 25 91 147 10,000..................... 56 151 360 351 653 1,177 3.7%14.1%19.1% 18.2%11.0%6.5% 43.9%29.8% 20.9% 2.8%2.6%1.7% 10.7%9.0%7.0% 96

0.4%1.8%0.7% 5% 25(c)(i) 203,85529,289 8,977..................... 445 452 468.................... 36 37 31 481 489 499...................... 143 157 171.................... 143 157 171 499171 468 171 31 102.0%148.9% 97

14 4.89.03.6 57.1%65.4%72.2% 98

2008/09 9725.7% 173 42.2% 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 3,000 2,500 2,000 1,500 1,000 500 0 99

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0.909%1.074%1.091% 16,515 89 11 89 88 20 100

80 4.89.0 3.6 101

14.25 14.25 5.3%12,270 230,85014.25 4.5 100,000 5 7 5 7 102

10 (i) (ii)(iii) (iv) 6,000 4,000 103

0.01% 1 4 1 4 104

2 0014 196 II. 5 5 5 2 5 105

116 14 116 2 1 1 571S 4(3)7 1 1 106

20 125(1)(b) 125(1)(b) 20 20 20125(1)(b) 1 125(3) 6100,000 2,000 140,000 107

125(1)(b) 1 2 4 I. 13 22.312.1 108

50,000 109

II. 75,00060,000 (i)(ii) 4 (i) (ii) 4.3237 110

(a) (b) (c) (d) 111

I. 1. 112

2. 42(1) 3. 113

4. 5. 3.9 VII(6) 6. 7. 1. 7.1(b) 114

7.1(c) II. A. i. 1. 2. 115

3. 4. ii. 5. iii. 6. 7. 8. iv. 9. 116

10. B. i CRQC ii (i) (ii) iii CRQC 117

118 iv. 1 9 10 2 CRQC CRQC 3 4 CRQC

5 6 7 CRQC 8 CRQC v. C. (a) (b) 119

(i)(ii) 75.0%85.6%87.6% 121

(i)(ii) 390,000 383,000 420,000 12461 98 122

7 7 7 20,000 123

124

125

30 126

486 127

128

I. (a) 60,0000.01% (b) 129

(ii) 131

67.5% (i) (ii) (iii) (i) (ii) (i) 30% (ii) 30% 132

(iii) 8.10 (i) (ii) (iii) 133

(iv) (v) 14A (vi) (vii) 134

Manet GoodManet Good 135

Manet Good..................... 100,000..................... 428,000 1,355,000..................... (528,000) (1,355,000)..................... 190 300 177 Manet Good Manet Good (i)(ii) (iii)1(iv) 177.. 53,053.7 274.9 44,724.0..... 56.0 0.2 10.1 1.......... 9.6 0.3 12.6..................... 39 4 62 177.......... 0.3 0.0 2.3............... 5 0 12 136

1. 177 0.3 2.3 0.4%0%3.2% 177 1,016.01,623.1 575.0 826.0 25(c)(vii) 137

138 14A.35 14A.34 1. 71 10 6,522,000 670,000 182 11 420,000 42,000 13 17 58-60 1,842,000 160,000 141 145 1,008,000 90,000

5,527,1007,379,2064,697,881 9.8 11.5 11.3 (i) (ii)(iii) 2. 14A 139

140

... 88,625,297 20,605,836 221,613,584 31,189,659 1,013 973 705,757 171,653 117,617...... 4,848,432 24,623,732 64,721,644 82,438,637 336,578 289,100 88,625,297 25,454,268 246,237,316 31,189,659 64,722,657 82,439,610 705,757 508,231 406,717..... 19,454,333 5,409,032 49,879,456 1,412,182 723,378 1,228,536 148,421 5,503 68,241............ 141

... 221,600,000 221,600,000 221,600,000 31,200,000 31,200,000 31,200,000...... 24,600,000 24,600,000 24,600,000 82,400,000 82,400,000 82,400,000...... 20,000,000 20,000,000 20,000,000...... 266,200,000 266,200,000 266,200,000 113,600,000 113,600,000 113,600,000... 49,900,000 49,900,000 49,900,000 1,400,000 1,400,000 1,400,000...... 20,000,000 20,000,000 20,000,000...... 20,000,000 20,000,000 20,000,000 (i) (ii) (iii) (iv) 142

3................... 442,127 200,285 133,119..................... 691,200 1,043,009 704,922............... 334 250 675............... 1,133,661 1,243,544 838,716.................. 98,802 56,420 76,348..................... 6,294 21,004..................... (i) 1.051.051.05 (ii)(iii) 1.491.491.49 143

(i) (ii) (iii) (iv) 14A.33(3) 5%1.0 (A) 3 2 14A.45 14A.47 144

14A.48 14A.10(10) 25%10 14A.34 (B) 12(i)(ii) 14A.35 14A.10(10) 25%10 14A.35 14A.37 14A.40 14A.4514A.48 (i)(ii)(iii) (i)(ii)(iii) 14A.42(3) 14A.4714A.48 14A 14A.35(1)14A.35(2)14A.3614A.3714A.3814A.3914A.40 145

............. 58............. 43............. 55............. 46............. 42............. 44............ 51............. 54 58 146

2 10 43 8 55 14 2 20 10 147

46 1 2 4 8 42 10 (Sime Darby China Group) 148

44 10 51 54 Derby Lonsdale College of Higher Education 15 Chase Manhattan Bank 149

.......... 39............ 36.......... 39 39 10 Ayers GTS 36 1 2 4 8 150

39 (University of Wolverhampton) 13.51(2) 3.213.23 14 151

3.53.85.0 6.0 3A.19 3A.23 13.10 152

161........................... 5 3.............................. 19 19........................... 80 57........................... 4 1.............................. 8 1.............................. 8...................... 11 1.............................. 3 3................. 17........................... 4.............................. 2................................ 161 85 8.6%6.9%11.1% 153

5% 154

10% (1) (2)....... 450,000,000(L) 67.5% 25,020,000(S) (3) 3.8%........ 450,000,000(L) 25,020,000(S) (3) 67.5% 3.8% (1) LS (2) (3) 10% 10.07(1) 10.07(3) (a) 155

(b) (c) (i)(ii) (d) (e) 156

2,000,000,000 600,000,000 500,000,000 150,000,000 166,800,000 50,040,000 666,800,000 200,040,000 20% 157

10% 10% 158

159

7,7361,177 B 176.4 78.7 140.2 60.1 21.1 60.3 34.1% 26.8%43.0% 160

(i) (ii) (iii) (iv) (v) 161

.......... 22,849.2 13,576.0 21,239.4.................. 1,055 1,092 1,158................. 189 174 174 1,244 1,266 1,332.................. 16,825.3 10,080.8 17,920.9................. 112.7 47.0 134.7 16,938.0 10,127.8 18,055.6.................. 99.0 58.7 66.7................. 0.7 0.1 0.4 99.7 58.8 67.1.................. 24,147.6 14,378.7 16,679.3................. 161.6 34.9 103.1 24,309.2 14,413.6 16,782.4 *.................. 79 44 74................. 2 2 5 81 46 79 #.................. 303.4 34.3 280.3................. 2.0 0.2 0.4 305.4 34.5 280.7................. 409,907 411,936 404,858.... 99,402,359 100,306,318 100,607,170 * # 162

22,849.2 13,576.0 40.6% 22,944.021,239.4 56.4% 169,380 40.2%101,278 78.3%180,556 997 41.0% 588 67114.1% 243,092 40.7%144,136 16.4% 167,824 99.4 0.9%100.3 0.3%100.6 163

19,801.9 31,63822,849.2 60.1 176.4 55.3% 78.7 21.1 16.4%167,824 60.3 185.2% AMS/3 14.25 14.25 5.3% 12,270 230,850 14.254.5 100,000 164

499171 165

(i)(ii) (iii) (i) (ii) (iii) 3 5 5 5 5 166

(i) (ii) 167

168

169

(i) (ii) (iii).. 153,329,580 105,638,208 138,647,023...... (53,015,618) (43,313,540) (45,944,407).. 100,313,962 56.9% 62,324,668 79.1% 92,702,616 66.1%............ 3,836,507 11,413,592 26,586,120...... (29,258) (1,201,844) (4,649,743)............ 3,807,249 2.1% 10,211,748 13.0% 21,936,377 15.6%......... 104,121,211 59.0% 72,536,416 92.1% 114,638,993 81.7%...... 16,226,366 9.2% 6,040,728 7.7% 15,488,669 11.0%............ 56,005,447 31.8% 165,553 0.2% 10,112,399 7.3%.......... 72,231,813 41.0% 6,206,281 7.9% 25,601,068 18.3% 176,353,024 100% 78,742,697 100% 140,240,061 100% 100.3 62.3 92.7 56.9%79.1%66.1% 171

3.8 10.2 21.9 2.1%13.0%15.6% (i) (ii) 0.01% 53.0 43.3 45.929,0001.2 4.6 13 1 41.0%7.9%18.3% 3.68%7.5%0.5%6.7% 172

................ 6,988,646 4,477,199 202,527................... 1,032,999 811,862 2,814,588 8,021,645 5,289,061 3,017,115............. 5,435,274 7,998,870 12,418,586.................... 139,322 310,292 422,600 13,596,241 13,598,223 15,858,301 T+2 38.8%35.2%47.9% 173

56.8%59.3% 47.3%............... 4,767,493 8,981,533 3,639,110.................. 140,800 132,800 500,000....... 24,378 1,222,037............. 8,941,860 7,622,085 10,157,947............... 5,929,773 8,026,908 9,009,477............... 208,393 801,432 300,486..................... 1,200,000........ 6,272,274 7,644,646 5,001,547............. 906,221 939,704 1,005,676.................... 4,366,618 3,867,146 4,907,387 32,733,432 38,040,632 35,743,667 8.3%14.0%4.8% 15.5%11.9%13.4% 10.3%12.5%11.9% 1.2 10 10.9%11.9%6.6% 174

... 52,180,923 77,633 5,543,040........ 2,407,333 1,640 1,884,742.......... 5,113,918 2,696,445 971,054 59,702,174 2,775,718 8,398,836 2.68%8% 17.5%16.5% 16.5% 60.121.160.3 34.1%26.8%43.0% 175

%........... 153,329,580 105,638,208 (47,691,372) (31.1%)............... (53,015,618) (43,313,540) (9,702,078) (18.3%)........... 100,313,962 62,324,668 (37,989,294) (37.9%)...... 3,836,507 11,413,592 7,577,085 197.5%............... (29,258) (1,201,844) 1,172,586 4,007.7%...... 3,807,249 10,211,748 6,404,499 168.2%.................. 104,121,211 72,536,416 (31,584,795) (30.3%)............... 16,226,366 6,040,728 (10,185,638) (62.8%)........ 56,005,447 165,553 (55,839,894) (99.7%)... 72,231,813 6,206,281 (66,025,532) (91.4%) 176,353,024 78,742,697 (97,610,327) (55.3%) 176.4 55.3%78.7 (i)(ii) (iii) 243,092 144,13640.7% 243,092 144,136 176

38.0 10.2 55.8 6.4 (i) (ii) %................... 6,988,646 4,477,199 (2,511,447) (35.9%)...................... 1,032,999 811,862 (221,137) (21.4%) 8,021,645 5,289,061 (2,732,584) (34.1%)................ 5,435,274 7,998,870 2,563,596 47.2%....................... 139,322 310,292 170,970 122.7% 13,596,241 13,598,223 1,982 0% 13.6 (i)2.5 (ii)2.6 0.002%21000.006% 5200 177

22.4 1.0%22.6 (i) 14.9 5.1 20.0(ii)6.8 4.91.9 %.................. 4,767,493 8,981,533 4,214,040 88.4%..................... 140,800 132,800 (8,000) (5.7%).......... 24,378 24,378................ 8,941,860 7,622,085 (1,319,775) (14.8%).................. 5,929,773 8,026,908 2,097,135 35.4%.................. 208,393 801,432 593,039 284.6%........................ 1,200,000 (1,200,000) (100.0%)........... 6,272,274 7,644,646 1,372,372 21.9%................ 906,221 939,704 33,483 3.7%....................... 4,366,618 3,867,146 (499,472) (11.4%) 32,733,432 38,040,632 5,307,200 16.2% 32.7 16.2%38.0 (i)4.2 (ii) 2.1 (iii) 10 1.4(iv) 178

1.3 (v)1.2 59.7 95.4%2.8 12.1 3.9 16.7%15.5% (i) 47.1 (ii)17.5% 16.5%(iii)626,000 169,000 60.1 64.8%21.1 34.1%26.8% 179

%........... 105,638,208 138,647,023 33,008,815 31.2%............... (43,313,540) (45,944,407) 2,630,867 6.1%........... 62,324,668 92,702,616 30,377,948 48.7%...... 11,413,592 26,586,120 15,172,528 132.9%............... (1,201,844) (4,649,743) 3,447,899 286.9%...... 10,211,748 21,936,377 11,724,629 114.8%................... 72,536,416 114,638,993 42,102,577 58.0%............... 6,040,728 15,488,669 9,447,941 156.4%........ 165,553 10,112,399 9,946,846 6,008.3%... 6,206,281 25,601,068 19,394,787 312.5% 78,742,697 140,240,061 61,497,364 78.1% 140.2 78.7 78.1% 144,13616.4%167,824 180

42.1 9.4 48.7% 11.7114.8% (i) 4.4(ii) 46 79 81345 713.6%2,807 9.9 %................... 4,477,199 202,527 (4,274,672) (95.5%)....................... 811,862 2,814,588 2,002,726 246.7% 5,289,061 3,017,115 (2,271,946) (43.0%)............... 7,998,870 12,418,586 4,419,716 55.3%..................... 310,292 422,600 112,308 36.2% 13,598,223 15,858,301 2,260,078 16.6% 2.3 (i) 4.3 181

(ii)t+2 2.0(iii) 4.4 22.613.660.2% 36.2(i) 20.06.326.3(ii) 1.97.2 9.0 %.................. 8,981,533 3,639,110 (5,342,423) (59.5%)..................... 132,800 500,000 367,200 276.5%.......... 24,378 1,222,037 1,197,659 4,912.9%................ 7,622,085 10,157,947 2,535,862 33.3%.................. 8,026,908 9,009,477 982,569 12.2%.................. 801,432 300,486 (500,946) (62.5%)........... 7,644,646 5,001,547 (2,643,099) (34.6%)................ 939,704 1,005,676 65,972 7.0%....................... 3,867,146 4,907,387 1,040,241 26.9% 38,040,632 35,743,667 (2,296,965) (6.0%) 38.0 6.0%35.7 (i)5.3 (ii) 1.2 (iii) 2.5(iv) 182

670,000 335,000 2.6 2.8 202.6%8.4 5.5 3.911.9 47.215.5%16.5% 21.1 185.2%60.3 26.8%43.0% 183

........................ 9,206,313 7,165,834 7,191,201.................... 464,985................... 2,400,000 2,320,000 4,582,607................... 11,606,313 9,485,834 12,238,793........................ 247,943,542 222,332,823 763,133,465........ 5,066,425 3,276,168 9,420,641................. 164,324,949 163,041,822 157,531,612.................... 417,334,916 388,650,813 930,085,718........................ 139,779,811 153,366,495 189,095,829............ 13,031,346 6,669,184 151,256,284.............. 80,000,000 29,100,000........................ 441,000,000........................ 9,340,847 895,908 8,920,966.................... 242,152,004 190,031,587 790,273,079.................... 175,182,912 198,619,226 139,812,639................ 186,789,225 208,105,060 152,051,432.................... 107,175 287,656........................ 186,682,050 207,817,404 152,051,432........................... 110,000,000 110,000,000 130,000,009........................ 76,682,050 97,817,404 22,051,423........................ 186,682,050 207,817,404 152,051,432 184

9.2 7.27.2.................. 10,319,468 30,182,031 55,447,328.................. 152,477,901 132,709,428 608,568,325................... 85,146,173 57,273,098 91,775,026............... 2,168,266 7,342,786 247,943,542 222,332,823 763,133,465 T+2 185

649.6 435.3 1,934.2 4.33.33.2 T+2 2.2 186

............ 2,477,876 1,481,651 2,973,574.................... 1,738,178 1,474,037 6,127,716................ 850,371 320,480 319,351 5,066,425 3,276,168 9,420,641 1.4 4.0 (i) 0.7 (ii) 1.0 4.00.5 187

411.1364.1624.6.................. 55,515,584 32,855,685 68,825,766.................. 64,962,594 71,492,575 112,830,849.................... 19,301,633 49,018,235 7,439,214 139,779,811 153,366,495 189,095,829 T+2 188

T+2................ 5,743,781 2,767,510 4,822,379.................... 3,119,835 715,375 4,289,438.... 2,666,355 1,687,291 2,285,525.................... 136,050,000................ 1,501,375 1,499,008 3,808,942 13,031,346 6,669,184 151,256,284 144.6 (i)136.1 (ii) (iii) 189

... 2,563,434,106 48,569,478 (428,838,183)... (2,292,862) 3,823,113 (173,200)... (2,493,702,174) (53,675,718) 423,501,173..................... 67,439,070 (1,283,127) (5,510,210).... 96,885,879 164,324,949 163,041,822.................... 164,324,949 163,041,822 157,531,612 2,563.4(i) 2,324.6 (ii)103.9 48.6(i) 25.0 (ii)25.6 (iii) 13.6 428.8(i) 540.8 (ii)35.7 190

2,563.448.6 2,324.6 48.6 428.8 540.8 2.3 10.3 8.0 3.8 5.3 173,000 3.6 3.0 2.3 3.8 3.8 173,000 2,493.7(i) 2,419.0 (ii)100.0 191

53.7(i) 50.9(ii)2.8 423.5 (i)441.0 (ii)20.0 (iii)29.1(iv) 8.4 2,493.753.7 2,419.0 53.7 423.5........................................ 1,135,579,678........................ 18,393,695................................. 322,822,266.................................... 1,476,795,639........................................ 176,521,752............................ 155,315,564.............................. 198,000,000........................................ 797,100,000........................................ 9,913,116.................................... 1,336,850,432.................................... 139,945,207 192

..................... 8,616,588 4,596,588 8,313,198............... 10,508,482 1,221,894 13,869,757 19,125,070 5,818,482 22,182,955 193

164.3 163.0 157.5 12................ 441,000,000 797,100,000...... 80,000,000 29,100,000 198,000,000 80,000,000 29,100,000 441,000,000 995,100,000 194

1.05% 1% 757,588,500 575,000,000 826,000,000............... 441,000,000 1.05% 757,588,500...... 797,100,000 0.65% 1.15% 1,180,356,000 7 195

150,000 200.0 200.0 4.5%3.6% 198.0Manet GoodManet Good.................... 441,000,000.......... 80,000,000 29,100,000..................... 80,000,000 29,100,000 441,000,000..................... 428,941,229 398,136,647 942,324,511................ 18.7% 7.3% 46.8% 196

18.7%7.3% 50.9 46.8% 441.0 1.72 2.051.18 197

152.5 132.7 608.6 80.0 29.1441.0 2.0%4.3%0.5% 13 13.1313.19 198

116,050,00020,000,000 22.1 199

4.29 a b cd 1.35. 152,051,432 197,104,950 349,156,382 0.52 1.62. 152,051,432 234,259,650 386,311,082 0.58 (a) (b) 1.35 1.62.......................... 225,180,000 270,216,000.................. (28,075,050) (35,956,350).......................... 197,104,950 234,259,650 (c) 666,800,000 200

(d) 116,050,00020,000,000 MANET GOOD Manet Good 100.0Manet Good Manet Good Manet Good100.0 201

(i) (ii)(iii) 202

2 91 99 1.485 203

1.351.62218 248 196 90% 22 10% 1.62 16 1.35 21 248 272 229 204

16,680,000 (i) (a) 205

(b) (c) (d) (e) (f) (g) (h) (i) (ii) (i) (j) 206

(k) (l) (m) (n) (o) (p) (q) (r) (s) (t) (u) (v) 207

(w) (x) (a) (b) (c) (i) (ii) (ii) (a) (b) (c) 208

(d) (e) (f) (i) (ii) 209

(a) (b) 10.07 10.07(2)(2) (a) (b) (a) (a) (i) 10.07 (2) (ii) 210

(i) (ii) 10.08 10.08(1)10.08(4) (i) 10.08(1)10.08(4) (a) 211

(b) (c) (ii) 10.08(1)10.08(4) (iii) (i)(ii) (iv) (i) (ii) 212

30 25,020,000 15% 3.5% (i)(a)(b) 200270 2.0%(ii)270 4.0% 15.7 10% 213

7.5% 3A.07 2,273.3 250 148 443.9 214

(a) 16,680,000 (b) 150,120,000 25.0% 27.7% 1.62 1.35 215

16,680,000 10% 2.5% 5 5 16,680,00050%8,340,000 216

(i)(ii) (i) 15 50 (ii) 50100 (iii) 100 50,040,000 (i)66,720,000 (ii)83,400,000 (iii) 30%40%50% 1.62 1.35 1.62 150,120,000 90% 217

22.5% 30 25,020,000 15% 3.6% 25,020,000 218

30 25,020,000 15% (i) (ii) (iii) (i)(ii)(iv) (v) (vi)(ii)(iii)(iv)(v) 219

30 25,020,000 10.07(3)10.07(1) 10.07(3) (i)(ii) 220

(a) (b) 30 www.hkex.com.hkwww.bsgroup.com.hk 221

155 (i)(ii) 222

eipo(www.hkeipo.hk) eipo eipo 18 eipo 223

eipo eipo eipo 1. S 68 9 3A 10 224

20 32 34 37U1 63 65 93 99 84A 84B 83 200 335 28 18 618 70 363 18 30 (a) 1992 225

(b) (a) (b) (c) (d) 226

(a) (b) (i) (ii) (c) (i) (ii) (d) (i) (ii) eipo www.hkeipo.hkeipo eipo 227

eipowww.hkeipo.hk eipo eipo eipo www.hkeipo.hk eipoeipo eipo eipo2,000 2,000 www.hkeipo.hk www.hkeipo.hkeipo 24 www.hkeipo.hkeipo www.hkeipo.hk eipo eipo www.hkeipo.hk 228

eipoeipo eipo eipo eipowww.hkeipo.hk www.hkeipo.hk www.hkeipo.hkeipo eipo eipoeipo www.hkeipo.hkeipo 229

230

eipo(www.hkeipo.hk)eipo eipo(www.hkeipo.hk)eipo www.hkeipo.hkeipo www.hkeipo.hkeipo 231

www.hkeipo.hk eipo eipo eipo 8,340,000 eipo eipo eipo www.hkeipo.hkeipo eipo 232

eipo www.hkeipo.hkeipo24 www.hkeipo.hkeipo 233

24 www.tricor.com.hk/ipo/result 3691 8488 234

1.62 (a) eipo(i) (ii) (b) (i) (ii) (iii) 1%0.004%0.005% 235

(a) 1,000,000 28 26 1,000,000 1,000,000 236

(b) 1,000,000 1,000,000 1,000,000 (c) eipo eipowww.hkeipo.hkeipo 1,000,000 237

2826 eipo 1,000,000 www.hkeipo.hkeipo eipo eipo eipo eipo eipo 2. 2979 7888 (https://ip.ccass.com) 199 2 238

(a) (b) 239

40 240

2,000 2,000 241

(1) (1) (1) (1) (1) (1) 24 242

1%0.004% 0.005% 40 40 243

(i)(ii) 3. eipo eipoeipo eipoipo eipoeipo 40 244

eipo 245

eipoeipo 50% www.hkeipo.hk eipo 4. 1.62 1%0.004% 0.005% 2,000 3,272.69 8,340,000 1.62 246

5. 1% 0.004%0.005% 1%0.004%0.005% 1%0.004%0.005% 6. 2,0001428 247

248

10 8 22 A I-1

A C 3.340 I-2

A C A. 33 3 B B I-3

.... 100 1 100%............ 110,000,000 1 100%.. 20,000,000 1 100%.......... 1 1 100%.......... 1 1 100%.......... 1 1 100% I-4

B. 1. C................ 2 176,353,024 78,742,697 140,240,061............... 3 13,596,241 13,598,223 15,858,301..... 4 (451,822) (388,456) 98,558 189,497,443 91,952,464 156,196,920............... 5(b) (22,383,705) (22,618,027) (36,235,322).................. (2,537,556) (3,506,427) (3,608,315)........... 5(c) (32,733,432) (38,040,632) (35,743,667)............... 131,842,750 27,787,378 80,609,616............... 5(a) (59,702,174) (2,775,718) (8,398,836)............. 5 72,140,576 25,011,660 72,210,780................ 6 (12,056,535) (3,876,306) (11,926,761).......... 60,084,041 21,135,354 60,284,019.......... 9 12.02 4.23 12.06 22(b) I-5

2. C............... 11 9,206,313 7,165,834 7,191,201........... 21(b) 464,985.......... 12 2,400,000 2,320,000 4,582,607.......... 11,606,313 9,485,834 12,238,793............... 13 247,943,542 222,332,823 763,133,465............. 14 5,066,425 3,276,168 9,420,641........ 15 164,324,949 163,041,822 157,531,612........... 417,334,916 388,650,813 930,085,718............... 17 139,779,811 153,366,495 189,095,829... 18 13,031,346 6,669,184 151,256,284..... 25(b)(iv) 80,000,000 29,100,000............... 19 441,000,000............... 21(a) 9,340,847 895,908 8,920,966........... 242,152,004 190,031,587 790,273,079........... 175,182,912 198,619,226 139,812,639....... 186,789,225 208,105,060 152,051,432........... 21(b) 107,175 287,656............... 186,682,050 207,817,404 152,051,432.................. 22(a) 110,000,000 110,000,000 130,000,009............... 76,682,050 97,817,404 22,051,423............... 186,682,050 207,817,404 152,051,432 I-6

3. C..... 105,000,000 16,598,009 121,598,009............. 22(a) 5,000,000 5,000,000........ 60,084,041 60,084,041.. 110,000,000 76,682,050 186,682,050........ 21,135,354 21,135,354.. 110,000,000 97,817,404 207,817,404............. 22(a) 20,000,009 20,000,009........ 60,284,019 60,284,019........... 22(b) (136,050,000) (136,050,000).. 130,000,009 22,051,423 152,051,432 I-7

4. C. 15(b) 2,567,334,261 60,710,242 (424,183,839).......... (3,900,155) (12,140,764) (4,654,344)............. 2,563,434,106 48,569,478 (428,838,183)........ (10,321,507) (1,465,948) (3,640,315)..... 7,000 450,000............... 8,021,645 5,289,061 3,017,115............. (2,292,862) 3,823,113 (173,200)........... (2,419,000,000)........ 441,000,000........... (100,000,000)........... 80,000,000.. (50,900,000) (29,100,000)............... (59,702,174) (2,775,718) (8,398,836)........ 5,000,000 20,000,009............. (2,493,702,174) (53,675,718) 423,501,173...... 67,439,070 (1,283,127) (5,510,210)........... 96,885,879 164,324,949 163,041,822........... 15(a) 164,324,949 163,041,822 157,531,612 I-8

C. 1. (a) C 28 (b) A (c) (d) I-9

(e) (f) (g) 1(i) I-10

3 5 5 5 5 (h) (i) (i) I-11

(ii) I-12

(j) 1(i) 1(i) (k) (l) (m) (n) (i) (ii) (o) I-13

I-14

(p) (q) (i) (ii) I-15

(iii) (r) (s) (t) (i) (ii) (iii) (iv) (v) (i) (vi) I-16

(u) 2......................... 104,121,211 72,536,416 114,638,993................. 16,226,366 6,040,728 15,488,669........... 56,005,447 165,553 10,112,399 176,353,024 78,742,697 140,240,061 10% 3..................... 6,988,646 4,477,199 202,527....................... 1,032,999 811,862 2,814,588 8,021,645 5,289,061 3,017,115................. 5,435,274 7,998,870 12,418,586........................ 139,322 310,292 422,600 13,596,241 13,598,223 15,858,301 I-17

4........... (61,476) 443,367...... (390,346) (383,479) (420,281).............. (4,977) 75,472 (451,822) (388,456) 98,558 5. (a)... 52,180,923 77,633 5,543,040......... 2,407,333 1,640 1,884,742........... 5,113,918 2,696,445 971,054 59,702,174 2,775,718 8,398,836 (b) (c)........... 14,915,057 19,955,297 26,265,935..................... 6,794,306 1,865,970 9,026,112................... 674,342 796,760 943,275 22,383,705 22,618,027 36,235,322................ 4,767,493 8,981,533 3,639,110................... 140,800 132,800 500,000.............. 24,378 1,222,037.............. 8,941,860 7,622,085 10,157,947................ 5,929,773 8,026,908 9,009,477................ 208,393 801,432 300,486 25(c)(iv)............ 1,200,000................... 6,272,274 7,644,646 5,001,547.............. 906,221 939,704 1,005,676..................... 4,366,618 3,867,146 4,907,387 32,733,432 38,040,632 35,743,667 I-18

6. (a)..................... 11,565,617 3,746,578 12,673,473.... (50,753) 5,929 11,565,617 3,695,825 12,679,402 21(b)... 490,918 186,606 (752,641) 21(b)... (6,125) 12,056,535 3,876,306 11,926,761 16.5%17.5% (b).................. 72,140,576 25,011,660 72,210,780 16.5%17.5%....... 12,624,601 4,126,924 11,914,779........ (6,125)........ 14,294 3,152 13,097........ (625,895) (168,874) (37,585).................. (33,573)... (50,753) 5,929....................... 77,108 (28,018) 30,541................ 12,056,535 3,876,306 11,926,761 I-19

7........... 448,000 12,000 460,000.......... 894,000 1,666,833 11,000 2,571,833.................... 291,942 140,190 12,000 444,132................................................... 1,633,942 1,807,023 35,000 3,475,965.......... 588,000 12,000 600,000.......... 551,797 1,593,248 11,000 2,156,045.......... 573,419 72,560 4,000 649,979.......... 348,000 51,571 12,000 411,571................................................... 2,061,216 1,717,379 39,000 3,817,595 I-20

.......... 450,000 12,000 462,000.......... 480,000 1,055,656 12,000 1,547,656.......... 1,200,000 1,054,222 12,000 2,266,222.......... 402,000 138,384 12,000 552,384.......... 142,857 142,857......................................... 2,674,857 2,248,262 48,000 4,971,119 8. 3337.............. 791,000 1,260,274 2,700,000........................ 231,659 75,091 1,335,510...................... 20,000 18,000 23,000 1,042,659 1,353,365 4,058,510 1,000,000.................. 2 2 1 3,000,0013,500,000.......... 1 1,000,000 4,169 100,000 I-21

9. 10. (a) EBIT EBIT I-22

(b)................. 100,313,962 3,807,249 104,121,211........... 16,226,366 16,226,366.... 56,005,447 56,005,447................... 172,545,775 3,807,249 176,353,024................ 5,435,274 5,435,274................ 177,981,049 3,807,249 181,788,298 EBIT........... 129,794,337 2,048,413 131,842,750..................... (2,517,815) (19,741) (2,537,556)................. 7,428,734 592,911 8,021,645..................... (59,702,174) (59,702,174)........ 10,321,507 10,321,507................ 373,944,333 54,996,896 428,941,229................ (201,179,323) (31,631,834) (232,811,157)................. 62,324,668 10,211,748 72,536,416........... 6,040,728 6,040,728.... 165,553 165,553................... 68,530,949 10,211,748 78,742,697................ 7,998,870 7,998,870................ 76,529,819 10,211,748 86,741,567 EBIT........... 21,190,610 6,596,768 27,787,378..................... (3,486,687) (19,740) (3,506,427)................. 4,867,480 421,581 5,289,061..................... (2,775,718) (2,775,718)........ 1,465,948 1,465,948 I-23

................ 312,242,088 85,894,559 398,136,647................ (132,624,842) (56,510,837) (189,135,679)................. 92,702,616 21,936,377 114,638,993........... 15,488,669 15,488,669.... 10,112,399 10,112,399................... 118,303,684 21,936,377 140,240,061................ 12,418,586 12,418,586................ 130,722,270 21,936,377 152,658,647 EBIT........... 65,468,556 15,185,823 80,654,379..................... (3,584,272) (24,043) (3,608,315)................. 2,997,984 19,131 3,017,115..................... (8,398,836) (8,398,836)........ 3,611,630 28,685 3,640,315................ 831,975,174 109,883,352 941,858,526................ (694,156,408) (87,149,951) (781,306,359) (c) EBIT........... 131,842,750 27,787,378 80,654,379..................... (59,702,174) (2,775,718) (8,398,836)................ (44,763)................ 72,140,576 25,011,660 72,210,780 I-24

................ 428,941,229 398,136,647 941,858,526................. 464,985................ 1,000................. 428,941,229 398,136,647 942,324,511................ (232,811,157) (189,135,679) (781,306,359)..................... (9,340,847) (895,908) (8,920,966)................. (107,175) (287,656)................ (45,754)................. (242,259,179) (190,319,243) (790,273,079) I-25

11....... 18,000 1,049,000 1,916,248 1,807,400 317,015 5,107,663................... 6,000,192 801,707 743,358 2,776,250 10,321,507................... (18,000) (78,500) (96,500)... 6,000,192 1,049,000 2,639,455 2,550,758 3,093,265 15,332,670...... 6,000,192 1,049,000 2,639,455 2,550,758 3,093,265 15,332,670................... 378,588 255,543 201,963 629,854 1,465,948... 6,378,780 1,049,000 2,894,998 2,752,721 3,723,119 16,798,618...... 6,378,780 1,049,000 2,894,998 2,752,721 3,723,119 16,798,618................... 1,430,181 175,000 421,197 656,234 957,703 3,640,315................... (1,049,000) (1,049,000)... 7,808,961 175,000 3,316,195 3,408,955 4,680,822 19,389,933...... 7,200 819,600 1,133,745 1,464,482 191,798 3,616,825................ 1,286,319 149,800 383,486 349,740 368,211 2,537,556............ (8,400) (19,624) (28,024)... 1,285,119 969,400 1,497,607 1,814,222 560,009 6,126,357...... 1,285,119 969,400 1,497,607 1,814,222 560,009 6,126,357................ 2,095,325 39,800 422,497 271,461 677,344 3,506,427... 3,380,444 1,009,200 1,920,104 2,085,683 1,237,353 9,632,784...... 3,380,444 1,009,200 1,920,104 2,085,683 1,237,353 9,632,784................ 2,226,938 36,084 333,959 210,336 800,998 3,608,315............ (1,042,367) (1,042,367)... 5,607,382 2,917 2,254,063 2,296,019 2,038,351 12,198,732... 4,715,073 79,600 1,141,848 736,536 2,533,256 9,206,313... 2,998,336 39,800 974,894 667,038 2,485,766 7,165,834... 2,201,579 172,083 1,062,132 1,112,936 2,642,471 7,191,201 12............. 2,400,000 2,320,000 4,582,607 I-26

13..................... 10,319,468 30,182,031 55,447,328.................... 152,477,901 132,709,428 608,568,325...................... 85,146,173 57,273,098 91,775,026................. 2,168,266 7,342,786 247,943,542 222,332,823 763,133,465 30 649,641,464 435,323,4751,934,244,187 (1) (2) 24(a) 14................. 2,477,876 1,481,651 2,973,574........................ 1,738,178 1,474,037 6,127,716.................... 850,371 320,480 319,351 5,066,425 3,276,168 9,420,641 3,180,0422,673,8992,470,188 I-27

15. (a)..................... 159,151,348 116,683,514 63,572,823................ 5,173,601 46,358,308 93,958,789 164,324,949 163,041,822 157,531,612 411,120,431364,086,790624,623,827 (b)................... 72,140,576 25,011,660 72,210,780.................... 2,537,556 3,506,427 3,608,315................. 59,702,174 2,775,718 8,398,836.... (8,021,645) (5,289,061) (3,017,115)... 61,476 (443,367)... 200,825 80,000 (2,262,607)....... 2,324,632,317 25,610,719 (540,800,642)............ 4,605,979 1,790,257 (6,144,473).............. 103,868,596 13,586,684 35,729,334............ 7,606,407 (6,362,162) 8,537,100....... 2,567,334,261 60,710,242 (424,183,839) I-28

16. 161B 40 5,000 200,000 180,000 120,000 60,000 55,000 115,000 175,000 17..................... 55,515,584 32,855,685 68,825,766.................... 64,962,594 71,492,575 112,830,849...................... 19,301,633 49,018,235 7,439,214 139,779,811 153,366,495 189,095,829 I-29

18..................... 5,743,781 2,767,510 4,822,379........................ 3,119,835 715,375 4,289,438........ 2,666,355 1,687,291 2,285,525 22(b)............... 136,050,000.................... 1,501,375 1,499,008 3,808,942 13,031,346 6,669,184 151,256,284 19................. 441,000,000 1.05% 757,588,5001,016,000,000 441,000,000 20. 5%20,000 I-30

21. (a)............. 11,565,617 3,746,578 12,673,473................ (2,224,770) (2,850,670) (3,752,507) 9,340,847 895,908 8,920,966 (b)..... (383,743) (383,743) 6(a)............ (162,228) 653,146 490,918.. (545,971) 653,146 107,175..... (545,971) 653,146 107,175 6(a)............ 164,312 396,736 (380,567) 180,481.. 164,312 (149,235) 272,579 287,656..... 164,312 (149,235) 272,579 287,656 6(a)..... (16,500) (558,522) (177,619) (752,641).. 147,812 (707,757) 94,960 (464,985) I-31

22. (a) 50,000 50,000 1 1 18 5,000,000 1 5,000,000 20,000,000 120,000,000 11 (b)................. 136,050,000 116,050,00020,000,000 I-32

(c) 76,682,05097,817,40422,051,423 (d) 23.......................... 8,616,588 4,596,588 8,313,198................... 10,508,482 1,221,894 13,869,757 19,125,070 5,818,482 22,182,955 I-33

24. (a) (b) I-34

83,600,000 30,147,600 441,056,007 (c) (i)........ 0.25 1.35% 159,151,348 0.01 0.03% 116,683,514 0.001 0.55% 63,572,823........ 5.50% 152,477,901 3.68% 132,709,428 4.28% 608,568,325 311,629,249 249,392,942 672,141,148...... 4.50% 80,000,000 3.60% 29,100,000........ 1.05% 441,000,000 80,000,000 29,100,000 441,000,000 (ii) 100 2,300,000 100 2,200,0002,300,000 I-35

10 220,000 1 23,000 (d) (e) 25. (a) 7 8......... 2,421,147 3,175,732 5,980,857..................... 2,233,107 1,877,972 3,799,555.............. 71,000 75,000 95,000 4,725,254 5,128,704 9,875,412 5(b) I-36

(b) (i)...... 17,244,930 997.............. 1,180,803 18,425,733 997 (ii)...... 13,035,003 6,584,610 1,443,096.............. 10,731,075 67,440 23,766,078 6,584,610 1,510,536 (iii) 2,433,636 1,437,411 1,949,089 (iv) 4.5%3.6% 200,000,000 80,000,000 29,100,000 5,113,918 2,696,445 I-37

971,054 (c) (i)..... 793,784 1,116,083 809,570............... 438,679 190,175 126,498 1,232,463 1,306,258 936,068 (ii)..... 2,549 336,960 83,241............... 151,730 151,903 12,172 154,279 488,863 95,413..... 145,871 6,346 282,784............... 554,028 18,525 96,761 699,899 24,871 379,545 854,178 513,734 474,958 I-38

(iii).. 60,000 300,000 350,000 (iv).. 1,200,000 (v).... 5,527,100 7,379,206 4,697,881 I-39

(vi).................. 8,354,832 4,334,832 3,035,600............ 10,072,222 1,047,390 3,680,000 18,427,054 5,382,222 6,715,600 (vii) Manet Good Company Limited (viii) 266,000,000 166,000,000 366,000,000 143,000,000 (ix) Bright Smart Group Limited (x) 26. 1 I-40

27. 28. 3........... 27....... 39................................ 17....................................... 24........ 9................. D. I-41

E. I-42

A. 4.29 a b cd 1.35.... 152,051,432 197,104,950 349,156,382 0.52 1.62.... 152,051,432 234,259,650 386,311,082 0.58 (a) (b) 1.35 1.62......................... 225,180,000 270,216,000................. (28,075,050) (35,956,350)......................... 197,104,950 234,259,650 II-1

B. 10 8 II-1II-2 II-1II-2 4.29 7 4.29(7) 300 II-3

4.29(1) (a) (b) (c) 4.29(1) II-4

1 16 32334(2)(3) 5 III-1

71 10 M.R.I.C.S., M.H.K.I.S. 25 III-2

1. 71 10 2. 182 11 3. 58-60 13 17 4. 7 16C 5. 289 12AB 6. 18 3622 B 5 III-3

7. 525525A527529531533535 537539541543543A 541541A 8. 38 1212 9. 141-145 10. 66-72 A 11. 25-3916-3210 18 41 2 12. 39 13. 39 202007-2010 III-4

1. 71 10 3210 15,946 1,481.42 670,000 2. 182 11 2511 2,228 206.99 42,000 3. 58-60 13 17 13 2,914 270.72 45 160,000 III-5

4. 7 16C 2516 3,160 293.57 22,120 5. 289 12AB 2312 1,241 115.29 20,000 6. 18 36 22 B 5 6 97290.30152 14.12 47,000 43,967.8 47,000 28,200 III-6

7. 525525A 527529531 533535537 539541543 543A 541541A 4 1,072 99.59 145,000 8. 38 1212 2812 3,051 283.44 106,785 9. 141-145 7 2,170 201.6 1,871173.82 90,000 III-7

10. 66-72 A 6 643 59.74 16515.33 113,000 11. 25-39 16-32 10 18 41 2 22 1,335 124.02 1,210112.41 92,000 12. 39 6 2,800 260.13 62,000 III-8

13 39 202007-2010 24 3 20 4,056 376.81 64,896 III-9

1. (a) (b) 2. (a) (i) (ii) IV-1

4 (b) (i) IV-2

(ii) (iii) (iv) (v) IV-3

(aa) (bb) (cc) (dd) IV-4

5% (ee) (ff) (vi) IV-5

(vii) 7 7 IV-6

(aa) (bb) (cc) (6) (dd) (ee) (ff) (gg) (hh) IV-7

(viii) (ix) 30 (x) (c) (d) IV-8

(e) (a) (b)(c) (d) (e) (f)(g) (h) (f) 21 95% 21 15 14 IV-9

(g) (i) (ii) (iii) (iv) IV-10

(h) 15 (i) 21 21 IV-11

(j) 21 14 (i) (ii) 95% IV-12

(aa) (bb) (cc) (dd) (ee) (ff) 20% (gg) (k) IV-13

30 (l) (m) IV-14

(n) (i) (ii) (aa) (bb) IV-15

20% (o) IV-16

(p) 20% 20% 14 14 20% (q) IV-17

(r) (s) 3(f) (t) (i) (ii) IV-18

(u) (i) 12 (ii) 123(iii)3 (iii) (v) IV-19

3. (a) (b) (i) (ii) (iii) 37 (iv) (v) (vi) IV-20

(e) 34 34 2(n) (f) Foss v. Harbottle (i) (ii) (iii) (g) IV-22

(h) 59 (i) (ii)(iii) 59 (i) (j) (k) (l) (m) IV-23

(n) (o) (i)(ii)(iii) (i)(ii) IV-24

(p) 75% (q) 90% (r) IV-25

4. Appleby IV-26

1. 2. 50,000.00 50,000 1.00 (1) Offshore Incorporations (Cayman) Limited1 7.801.00 7.80780.10 390,0003,900,0000.10 (3)0.10(1)0.30 1,998,700,000 0.30 390,000600,000,000 Manet Good 499,999,974 11,403,857 50,000,000 10% 600,000,000 2,000,000,000 200,040,000 666,800,000 V-1

1,333,200,000 3. (a) (b) (i) (ii) (iii) (a) 20% V-2

(b)(iv) (iv) 10% (v) (iii) 4. (a) (1)1 (b) 50,000 50,000 1100 1 (c) (i) 20,000,0001(ii)Manet Good 110,000,0001(iii) V-3

1 499,999,9740.30 (d) 10,000 10,00011 (e) 10,000 10,00011 5. 4 (a) 20,000,0001 90,000,000110,000,000 Manet Good (b) 50,000 50,000 1 100 (c) 10,000 10,000 1 1 (d) 10,000 10,00011 (e) 10,000 10,00011 V-4

6. (a) (b) (c) 666,800,00066,680,000 V-5

(d) 26 7. XI 71 10 XI 66C V-6

8. (a) (b) Manet Good 499,999,974 (c) (i) (ii) (d) 9. (a) A B 301246239 36 C V-7

Bright Smart 7651271 36 7651270 36 Bright Smart Securities 7651269 36 7651268 36 Bright Smart Group 7651267 36 7651266 36 Bright Smart Securities & Commodities Group Limited 7651265 36 7651264 36 7651263 36 A 301623014 36 B C V-8

(b)... bsgbsg.com.hk... bsgbsg.com... bsgbsg.com.tw bsgbsg.com.cn..... bsgroup.com.hk... BRIGHTSMART.COM.HK.hk V-9

10. (i)(a) (b) (c) (ii)........................................... 1,200,000........................................... 1,440,000........................................... 540,000........................................... 1,200,000 (1).......................................... 1,200,000........................................... 5,580,000 (1) 1,000,000 140,000 100,000 120,000 V-10

11. 3.53.85.0 6.0 (i)(ii) 12. (a) XV XV78 352 (i) 1 2 450,000,000(L) 67.5% 25,020,000(S) 3 3.8% V-11

1. LS 2. 3. (ii) 1 1(L) 100% 1. L (b) XV23 10% 1 50,000,000(L) 7.5% V-12

1 2 50,000,000(L) 7.5% 3 450,000,000(L) 25,020,000(S) 4 67.5% 3.8% 1. LS 2. 3. 4. 13. 14. V-13

15. (25) 16. (i) XV XV78 352 (ii) XV23 10% (iii) (iv) V-14

(v) (vi) 17. V-15

10%(a) 10% (b) (a) V-16

30% 12 1% V-17

12 0.1% 5 28 30 1.0 (a) 60 (b)30 V-18

(a) 12 (c) (d)(c)(d) (b) V-19

(c)(d) (c)(d) (c) (d) (e) (i) V-20

(ii) (iii) V-21

(i)(a) (b) (c) (ii)(a)(b)(c) V-22

17 V-23

(i)(ii) 17.03 18. (C) (a) 35 43 (i) (ii) V-24

(iii) (iv) (b) (c) 571 (d) (i) (ii) V-25

19. 20. 10% 7.5% 3A.07 2,273.3 250 148 443.9 V-26

13.46 21. 22. 17,472 V-27

23............ 16................ 14 6 9....................... Appleby........................ Appleby Appleby (i) (ii) 24. 44A44B V-28

25. 11.1432L 4 26. (a) (i) (ii) (iii) (iv) (b) (i) (ii) (c) (d) (e) (f) V-29

14 15 44 (1) (2) (3) (4) (5) Appleby (6) (7) (8) (9) (10) VI-1

Bright Smart Securities & Commodities Group Limited